SSAB Investor Presentation — October 2020

Document content

Martin Lindqvist, President & CEO

►Outlook and summary

3Volatile market conditions since mid-19

slowdownShort -lived

150,000200,000250,000300,000350,000400,000Order intake , SSAB Europe

tonnesQ3/20 –Low demand and planned maintenance

cash flow►Shipments remained at low level

►Low capacity utilization

−One BF idled in Raahe

−Adjustment to lower demand in SSAB

Special Steels’ mill in Oxelösund

►Annual planned maintenance in all

three steel divisions –impact

►EBIT SEK -973m (300) in Q3

►Operating cash flow supported by

release of working capital2,100 2,000 1,976 1,911 1,9021,6212,0811,7791,519-15%

19Q1 18Q3 18Q4 19Q2 19Q3 20Q2 19Q4 20Q11,922 1,960

20Q3Managing the downturn

6Extensive cost savings:

-Short -time work and time banks

-Avoided summer seasonal workers

-Reduction of external services

-Maintenance conducted by own personnel

Strategic direction intact:

-Develop own channels –stocks, Tibnor , RC

-Improving product mix –example CC

-Global business in high strength steels –

growth in Latin America and Asia-6

Q1/20 Q2/20 Q3/20Revenue trend y/y (%)

Fixed cost y/y (SEK m)Some of the cost savings continue

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