SSAB Investor Presentation — October 2021

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Martin Lindqvist, President & CEO

►Outlook and summary

3Another record quarter for SSAB

Solid internal performance in a strong market

4Improved safety performance SSAB Special Steels growth

Improved product mix, SSAB Europe Record high earnings6.1

18Q3 19Q3 21Q3 20Q3LTIF

18Q3 19Q3 21Q3 20Q3Shipments

2021 YTD36%Leading force in the green transition

Proven fossil -free value chain

5Fossil -free steel to Volvo Group –

load carrier for mining and quarryingWorld’s first fossil -free plates rolled

in OxelösundA number of new strategic

Operating profit by division –Record levels

20Q3 19Q1 19Q2 20Q1 19Q4 19Q3 20Q2 20Q4 21Q1 21Q2 21Q3SSAB

20Q4 19Q1 19Q4 19Q2 19Q3 20Q3 20Q1 20Q2 21Q1 21Q2 21Q30

20Q1 20Q3 19Q1 19Q3 19Q2 19Q4 20Q2 20Q4 21Q1 21Q2 21Q3Tibnor38 29 2

20Q3 19Q1 20Q2 19Q3 19Q2 20Q1 19Q4 20Q4 21Q1 21Q2 21Q3

19Q1 19Q2 20Q2 19Q3 19Q4 20Q1 20Q3 20Q4 21Q1 21Q2 21Q3SSAB Special Steels

High level of shipments and earnings

7►Strong underlying demand –planned

maintenance and seasonal slowdown in

►Shipments at 348 ktonnes –record for a Q3

−Up 34% vs. Q3/20 but -10% vs. Q2/21

►EBIT of SEK 1,006m (34m) and EBIT margin

−Better prices and higher volumes

►SSAB Special Steels assumed responsibility

for the Mobile steel mill in Q3 to increase

focus on high -strength steels717528352

19Q3 19Q1 19Q2 20Q3 19Q4 20Q4 20Q1 20Q2 21Q1 21Q2 21Q3Operating profit/loss, SEK million

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