SSAB Investor Presentation — October 2019

Document content

Martin Lindqvist, President & CEO

►Weak market in Europe, lower earnings

►SSAB Americas held up well

►High -end products more stable

►Measures to cut costs implemented

►Decent operating cash flow and strong

3 5 Spot price development: Hot -Rolled Coil (HRC) in Northern Europe, Plate in US, HRC in China

Indexed (Jan 2016 =100)

Q3 Northern Europe/HRC

HRC, Northern Europe Plate, US HRC, China Demand weakened and steel prices remain under pressure

NA: Relatively good demand

from end -users, but cautious

sentiment at distributors, spot

plate prices, and also scrap

Northern Europe US ChinaNE: Seasonal slowdown and also weaker

underlying demand from several segments,

apparent demand lower than real demand,

spot prices decreased, iron ore down in Sept Lower earnings – weaker market and higher iron ore cost

►EBIT of SEK 300m, down SEK 1,300m vs.

Q3/18, S EK 1,316 m in Q2/19

-Lower result was mainly due to SSAB Europe

-Total shipments were down 2% vs. Q3/18 and 6%

►Earnings per share SEK 0.03 (0.85)

SEKm Q3/2019 Q3/2018 Q2/2019 2018

Sales 18,840 19,038 20,654 74,941

EBITDA1) 1,327 2,563 2,419 8,952

EBIT1) 300 1,600 1,316 5,181

share (SEK) 0.03 0.85 0.98 3.45

ktonnes 1,614 1,646 1,722 6,899 Key figures (SSAB Group)

1) Excluding items affecting comparability

Preview truncated — download the full document for the complete content.