Sustainable by Design

Made for Life

Q2 2022 RESULTS

29 July 2022

DISCLAIMER

Forward Looking Statements

This document may contain forward-looking information and statements about Aperam SA and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-

expectations reflected in such forward- securities are cautioned that forward-looking information and statements are subject to numerous risks and uncertainties, many of which are difficult to predict and generally beyond the control of Aperam in particular, the length and severity of the COVID-19 (coronavirus) outbreak, including its impacts in the markets, that could cause

actual results and developments to differ materially and adversely from those expressed in, or implied or

projected by, the forward-looking information and statements. These risks and uncertainties include those

(Commission de Surveillance du Secteur Financier). The information is valid only at the time of release and Aperam does not assume any obligation to update or revise its forward-looking statements on the basis of new

information, future, events, subject to applicable regulation.

CONTENT

Q2 2022 OPERATIONAL HIGHLIGHTS

6th record result in a row in a testing market environment

Europe stable real demand with normalizing product prices. Sliding nickel price and economic uncertainty promotes destocking. Elevated energy cost burden

Stable business in South America & Alloys at a high level

Leadership Journey® realized EUR26m gains in Q2 2022 (Σ EUR80m since Q1-21)

Imports remain elevated in Q2 as historic price deltas promoted opportunistic flows from other countries leading to increasing inventories

ESG: Aperam launches carbon calculator to increase transparency & awareness about the climate impact of stainless steel imports

4

ESG

Carbon Calculator Reveals Detrimental Climate Impact of

Stainless Steel Imports

SCRAP USAGE IS THE BASE FOR LOW CO2 STEEL

The use of nickel pig iron and other ferroalloys results in high CO2 emissions and large amounts of residual waste

Stainless Steel in Europe is produced from scrap up to 90% for Aperam melted in electrical furnaces

Integrated producers with blast furnaces or

(t)

²

Rotary Kiln Furnaces for Nickel Pig Iron

(Asian Producers)

Emissions

for 1t of stainless

Electric Arc Furnace process route

2

(mostly European Producers)

CO

Scrap Rate (%)

IMPORTS COME AT 7.5 MILLION TONNES OF CO2 YTD*

Significant amount of carbon emissions generated on the other side of the planet are delivered to Europe via imports

Negative impact on CO2 footprint of European industry, end- consumers, citizens

Counters local efforts to decarbonize

Estimated 5.5 million tons of CO2 would have been saved if the imported stainless steel had been produced in Europe (YTD June 22).

Customers can calculate their own

carbon footprint:Link to carbon

calculator

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Aperam SA published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 05:03:03 UTC.