1Q 2019 Earnings Release

April 24, 2019

Disclaimer

This presentation was prepared and circulated to release the informations regarding the company's business performance to shareholders and investors prior to the completion of auditing for the period of the first quarter of 2019. As figures in this presentation are based on unaudited financial statements, certain contents may be subject to modification in the course of auditing process.

This presentation contains certain forward-looking statements relating to the business, financial performance and results of the company and/or the industry in which it operates. The forward-looking statements set forth herein concern future circumstances and results and other statements that not historical facts, and are solely opinions and forecasts which are uncertain and subject to risks. Therefore, the recipients of this presentation shall be aware of that the forward-looking statements set forth herein may not correspond to the actual business performance of the company due to changes and risks in business environments and conditions.

The sole purpose of this presentation is to assist persons in deciding whether they wish to proceed with certain investments to the company. The company does not make any representation or warranty, expressly or impliedly, as to the accuracy and completeness of this presentation or of the information contained herein and shall not have any liability for the informations contained in this presentation.

1Q 2019 Earnings Release │ April 24, 2019

Contents

1Q 2019 Business Performance

2019 Business Plan

Appendix

1Q 2019 Earnings Release │ April 24, 2019

1Q 2019 Business Performance

-Parent Performance

-Consolidated Performance

-Subsidiary Performance

1Q 2019 Earnings Release │ April 24, 2019

5

Parent Performance_Production/Sales

Production

QoQ

9,288

9,504

9,406

-98

Crude Steel

9,072

8,795

9,040

+245

Product

(thousand tons)

1Q18 4Q18 1Q19

Despite reduced crude steel production,

product production increased on the completion of rationalization in #2HR and # 4CGL of Gwangyang Works

·Production volume :

HR +200, CR +138, Plate -102thousand tons

(thousand tons)

1Q18

4Q18

1Q19

QoQ

Carbon Steel

8,578

8,328

8,542

+214

STS

494

467

498

+31

Sales

QoQ

9,294

9,283

Sales Volume

+930

(thousand tons)

8,353

60.4

Domestic Sales

56.9

55.3

-5.1%p

(%)

WTP

Sales Ratio (%)

27.0

29.5

29.7

+0.2%p

1Q18 4Q18 1Q19

In WTP volume, semi-products and un-ordered products are excluded from total sales

Sales volume increased mainly in export, while inventory went down

·Sales volume : HR +374, Plate +118 thousand tons

(thousand tons)

1Q18

4Q18

1Q19

QoQ

Domestic

5,292

5,044

5,131

+87

Export

4,002

3,309

4,152

+843

WTP*

2,353

2,301

2,611

+310

Product Inventory

1,055

1,500

1,198

-302

*WTP(World Top Premium) includes World First/World Best products

1Q 2019 Earnings Release │ April 24, 2019

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POSCO published this content on 24 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 April 2019 02:32:09 UTC