2021 Earnings Release

Jan 28, 2022

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 fiscal year 2021. 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.

2021 Earnings Release │ Jan 28, 2022

Contents

2021 Earnings Release

2022 Business Plan

2022 Business Outlook

Appendix

2021 Earnings Release │ Jan 28, 2022

2021 Business Performance

Parent Business Performance

Consolidated Business Performance

Financial Structure

Subsidiary Performance

2021 Earnings Release │ Jan 28, 2022

Business Performance_Sales/Production(Parent)

Sales

YoY

(thousand tons, %)

Sales Volume

35,990

35,456

+1,186

34,270

Domestic

59.1

+3.7%p

55.3

55.4

Sales Ratio

WTP

32.5

+5.8%p

Sales Ratio

28.2

26.7

2019

2020

2021

  • As market rebounded, sales expanded largely from domestic and high‐end products
  • Sales volume (k tons, YoY) : CR/Coated Steel +1,278, etc.

[WTP Sales Volume(thousand tons)]

8,812

8,999

9,022

8,623

WTP

2,728

2,768

2,797

2,733

1Q21

2Q21

3Q21

4Q21

Production

YoY

Utilization Rate*

89.7%

88.3%

94.1%

+5.8%p

(thousand tons)

Crude Steel 38,006

38,264

+2,329

35,935

Product

35,897

34,437

35,801

+1,364

2019 2020 2021

* Utilization rate : Crude Steel Production / Crude Steel Capacity

  • Crude Steel and product production volume increased year‐on‐year to meet the demand accordingly
    • Production volume (k tons, YoY) : CR/Coated Steel +1,386, etc.

[Carbon Steel/STS Production Volume by quarter]

(k tons)

1Q21

2Q21

3Q21

4Q21

QoQ

Carbon

8,433

8,544

8,591

8,237

△354

Steel

STS

487

473

521

515

△6

2021 Earnings Release │ Jan 28, 2022

5

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POSCO published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 06:35:02 UTC.