Presentation of the Q1/22 report

Martin Lindqvist, President & CEO Leena Craelius, CFO

Apr 26, 2022

Agenda

►Q1 2022 in brief ►Financials ►Outlook and summary ►Q&A

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Q1 2022 in brief

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Q1/22 - Strong start in turbulent environment

  • Steel prices at high level
  • Unplanned stop in Raahe and higher raw material costs
  • General cost (SG&A) at same level as Q1/19
  • Continued improvement in safety - LTIF decreased to 1.6
  • SSAB Special Steels' shipments at high level

Record high operating profit (SEK m)

8,377

1,6741,993

916

343

Q1/18

Q1/19

Q1/20

Q1/21

Q1/22

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Impacts on SSAB from the war in Ukraine

  • Our highest priority is to assist and support our employees and their families in Ukraine
  • SSAB directly ceased sales to Russia and Belarus
  • New purchases of ore and coal from Russia discontinued
  • Several measures to ensure access to raw materials
  • Related write-down of assets in Q1: SEK 487m
  • Going forward: Risk of disruptions in supply chains (sanctions and other fallout), as well as impact on economic activity

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SSAB AB published this content on 24 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2023 12:56:01 UTC.