Posco Holdings Inc. · KRX:005490
Posco — Investor Day (July 2026)
63 slides from Posco's investor day presentation, Jul 2, 2026
Slide 1: 2026 CEO Investor Day: Group Portfolio Transformation Strategy
2026 CEO Investor Day Group Portfolio Transformation Strategy Extend the Reach: From Steel to Lithium & Energy to shape the future July 2, 2026 1
Slide 2: Pathway to Growth
Pathway to Growth As a business group, we have extended our reach from local to global and from Steel to Critical Materials to galvanize undeterred growth. Genesis: Global Business Evolution: Steel Expansion Diversification Materials Leader • Pohang Steel Works (’73) • China Processing Center (’04)
Slide 3: Key Initiatives to Drive Innovation
Key Initiatives to Drive Innovation In 2024, key initiatives were identified to seek sustainable growth; they defined the intrinsic competence underlying each business and prompted management system innovations. Rechargeable Battery Materials (RBM) Management System High-margin quality lithium asset
Slide 4: Key Shifts in Business Landscape
Key Shifts in Business Landscape Structural change is essential for the business to respond to the increasingly uncertain market environment, i.e., supply chain fragmentation, accelerating GX and AX. Geopolitical risks and trade Stronger decarbonization barriers shake supply chains efforts, e.g., el
Slide 5: Evolution of Business Mix
Evolution of Business Mix In addition to Steel and Materials, we seek to extend our scope to include critical Resources, to serve as industrial security asset and an engine of our future growth. Steel Materials Resources Contribute to national economic Prepare the basis for Drive supply growth as a
Slide 6: Steel
Steel With overseas growth investment and enhanced native competence, we will overcome the challenges of stagnant growth and global fragmentation to maintain our lead in global competitiveness. Overseas Growth Native Investment Competence Secure growth momentum and Achieve technology-driven profitab
Slide 7: Overseas Growth Investment and Enhanced Native Competence
Overseas Growth Investment Enhanced Native Competence In high-growth, high-profit overseas markets, our target is to expand overseas crude steel production to10Mtpa by 2031. The outcomes of overseas investments will India feed into our decarbonization efforts POSCO-JSW JV Mill U.S. and R&D of high v
Slide 8: Enhanced Native Competence: Market Leadership, Cost, Decarbonization
Overseas Growth Investment Enhanced Native Competence Through technology-driven product and cost innovation and a timely and financially viable GX, the company will lead the coming industrial changes in Korea. Market Cost Timely leadership Innovation Decarbonization Boost technology-driven growth of
Slide 9: Lithium + α
Lithium + α We will step forth as the vital supplier of strategic resources with a focus on lithium; hence, we will secure the growth driver in the face of decarbonization and new mobility while assisting next generation industries with reliable supply chains. Lithium CAM, AAM Rare Earths Secure pro
Slide 10: Lithium production capacity goal of 173Ktpa by 2033
Lithium CAM& AAM Recycling Rare Earths Rare & Specialty Gases Our goal is to expand lithium production capacity to 173Ktpa and become a top 5 global supplier by 2033, fueled by P-Argentina’s shift to operating profit and the acquisition of prominent ore lithium assets. 2026 2033 (unit : Kt) brine or
Slide 11: CAM and AAM
Lithium CAM& AAM Recycling Rare Earths Rare & Specialty Gases By diversifying the product mix and establishing reliable supply chains, we will enhance competence of our CAM and AAM business to get ahead of the rapidly changing market. CAM AAM Natural Artificial LFP 1) NCM graphite graphite • Build p
Slide 12: Timely entry into the global recycling ecosystem
Lithium CAM& AAM Recycling Rare Earths Rare & Specialty Gases We will expand our recycling business in pace with the global decarbonization initiative and growth of circular economy in batteries. Recycling Capacity (unit : Ktpa of black mass) 72 POSCO group’s Source raw materials recycling technolog
Slide 13: Rare Earth Full Value Chain
Lithium CAM& AAM Recycling Rare Earths Rare & Specialty Gases We will build a global rare earth supply chain to provide critical minerals essential to future industries, i.e., EV, robotics, AI data centers. Rare Earth Full Value Chain Mines and raw material Separation & purification, Permanent magne
Slide 14: Rare and Specialty Gases Production
Lithium CAM& AAM Recycling Rare Earths Rare & Specialty Gases By driving domestic production of rare and specialty gases used in advanced sectors, we will identify profitable opportunities and provide a reliable supply chain to future industries. Raw materials Production Advanced Industry Separation
Slide 15: Energy
Energy Geopolitical risks are now a constant. By growing the LNG and renewable business, the company will boost self-sufficiency rate of energy resources and become a reliable supplier of sustainable energy. Renewable LNG Energy (RE) Expand value chain to maximize Boost development capacity to profi
Slide 16: LNG value chain growth
LNG RE & Next-Generation Energy In the increasingly profitable LNG business, the focus will be to grow each link in the value chain and enhance global operation. Stronger global synergy in the Upstream Downstream Midstream Expand gas field assets Enhance trading capacity Diversify business model Mya
Slide 17: Renewable and Next-Generation Energy
LNG RE & Next-Generation Energy Entry into the renewable energy business will help to respond to decarbonization and prepare for the post-LNG era . Offshore wind Z Solar + BESS* Z Combine affiliate capacity Develop and operate low-risk projects for phased entry into the full value chain with local p
Slide 18: New Business
New Business To secure momentum for future growth, promising business ideas will be developed as new business engines. Physical AI Drive robotics for process industries, e.g., steel, based on experience in facility automation and smart manufacturing Steelmaking field data Develop as service for othe
Slide 19: Business Identity & Portfolio Strategy
Business Identity & Portfolio Strategy As the national supplier of critical resources, POSCO group will build the Triple-Core Portfolio, comprised of Industrial, Strategic, and Energy Resources, to balance stability and growth and enhance the industrial supply chain. National Supplier of Critical Re
Slide 20: Portfolio of Industrial, Strategic and Energy Resources
We will expand the scope of our core business from a focus on Industrial Resource to include Strategic and Energy Resources, building a portfolio that offers sustainability and balance. Revenue * Combined basis Operating Profit * Combined basis Industrial Strategic Energy Support/others Industrial S
Slide 21: Completing the new portfolio strategy
With a track record of turning challenges into momentum for growth, POSCO group will move with unwavering commitment to complete its new portfolio strategy to open a novel chapter in our business group value. National Supplier of Critical Resources Industrial Strategic Energy 21
Slide 22: Lithium & New Business Strategy
Lithium & New Business Strategy From Invest to Harvest 22
Slide 23: Brine lithium shift to operating surplus
Li Brine Li Update New Business Since the initial acquisition of the Argetine brine lake in 2018, the brine lithium business made the shift in March to register an operating surplus through construction and ramp-up of local processing capacity. POSCO Argentina Phase 1 Plant Operation Rate (unit : %)
Slide 24: RIGI Benefits
Li Brine Li Update New Business By granting RIGI eligibility, Argentina will offer government support, e.g., tax benefit, for Phase 2 plant construction, giving added assurance to project success. POSCO Argentina Operating Profit Projection RIGI* Benefits (unit : %) *Regimen de Incentivo para Grande
Slide 25: Ore lithium partnership with MinRes
Li Ore Li Update New Business For ore lithium, we have partnered with Mineral Resources (MinRes) of Australia. Through a JV project, we plan to build a foundation to expand our smelting business and generate financial gain from equity ownership. Aligned to the strategy to acquire assets during marke
Slide 26: Brine lithium Phases 3 & 4
Li Brine Li Strategy New Business In POSCO Argentina, we will make early investment into brine lithium plant phases 3 & 4 to reach100Kt LH & LC capacity. Leverage the experience gained in phases 1 & 2 to begin phases 3 & 4 investment in advance, focusing on LC to promise higher growth potential 100K
Slide 27: Expanding smelting to 73Kt
Li Ore Li Strategy New Business By utilizing concentrate offtake volume from MinRes of Australia, we will expand smelting operations to achieve the 73Kt production system. Additional 30Kt Client-partnered smelting project • Approval(’27) and commissioning(’29) Previously 43Kt 73Kt POSCO Pilbara Lith
Slide 28: Lithium Resource Diversification (DLE)
Li Resource Divsersification New Business Commercial-scale application of Direct Lithium Extraction (DLE*) promises resource diversification. * DLE : Direct Lithium Extraction Collaboration Agreement with Anson Resources to build and operate a DLE demo plant in Utah Impurities 0.1 (Mg/Li ratio) Cana
Slide 29: Lithium Objective
Li Objective New Business The Lithium business is a Strategic Resource Core. We will grow this core business to reach production capacity of 173Ktpa, generating KRW 4.8 tril. in revenues and KRW 1.8 tril. in operating profits by 2035. Li Production Capacity Revenue/Operating Profit (OP) 2) (unit : K
Slide 30: Next Core
Li New Business By exploring diverse future technologies, new businesses, and commercialization opportunities, we aim to cultivate the Next Core group business. New business development & commercialization scheme by domain Commercialize Support New domain as a the technology AC/Start-up CAPEX & grow
Slide 31: Physical AI solutions
Li New Business Based on technology tailored to steelmaking, Physical AI solutions will be developed for group-wide application, with the ultimate goal to launch a new business to serve the process industry. Automation and intelligent Investment in promising project experience robotics businesses •
Slide 32: Energy Business Strategy
Energy Business Strategy Energy, the Group's New Core Business 32
Slide 33: LNG Upstream
Energy LNG Upstream Steel Optimize production at existing gas fields; acquire additional fields to deliver reliable energy supply. Continue & expand operation in core regions (SE Asia, Australia); seek entry into the world’s largest gas market (North America) Gas Sales (unit : Kt) USA 4,202 Myanmar
Slide 34: LNG Midstream
Energy LNG Midstream Steel Enhance LNG Trading & Infrastructure; Link upstream (U/S) to downstream (D/S) processes to generate greater synergy Build the foundation for U/S (gas field) & Increase LNG terminal capacity to D/S (power) business expansion spur expansion of adjacent businesses, to achieve
Slide 35: LNG Downstream
Energy LNG Downstream Steel Offer low-carbon & distributed power to help meet the national power demand and drive it further to seek global expansion. Apply carbon-reduced Enter distributed district Expand to local and power technology power supply global power business • Upgrade Incheon Plant 3 & 4
Slide 36: Renewable Energy
Energy Renewable Energy Steel Expand to domestic offshore wind and overseas solar + BESS markets to generate synergy aross group-wide business sectors. Domestic Offshore Wind Overseas Solar + BESS Combine group-wide capability, e.g., steel supply, onshore & offshore plant Enter strategic markets, e.
Slide 37: Energy Objective
Energy Objective Steel Build a replete LNG Value Chain and expand into Renewable Energy (RE) to achieve 2031Operating Profit (OP) of ‘KRW 1.4 tril. +α’ by 2031. LNG Value Chain Renewable Energy (RE) Upstream Midstream Downstream domestic overseas Import Gas LNG Trading LNG Offshore Solar terminal, f
Slide 38: Steel Business Strategy
Steel Business Strategy Overseas Growth Roadmap 38
Slide 39: India's MLT Steel Demand
Energy Steel India Steel shortage will persist in India due to continuous economic and population growth. India India’s MLT Steel Demand Demand Supply (unit : Mt) +16 +22 +21 342 +20 302 326 280 +13 256 235 202 182 147 134 2024 2030 2035 2040 2045 GDP growth (%) 6.5 5.9 5.5 5.1 4.7 Population (100M)
Slide 40: India JV Project Overview
Energy Steel India Combining the strengths of POSCO’s technology and JSW’s cost competence to capture opportunities through a JV Steel Mill in a growing market. India JV Project Overview Partner • JSW (India’s No.1 steelmaker) Equity Composition • 50:50 joint management (equal Board representation)
Slide 41: US Market Landscape
Energy Steel USA Tariffs imposed to bring back manufacturing to America is fueling reshoring; hence, steel demand is expected to grow. USA US Market Landscape Tariff • Steel tariff 50% (Jun. ’25); USMCA ‘melted & poured’ rule takes effect (Jul. ’27) Steelmaking Capacity • Tariff-led reshoring is exp
Slide 42: Louisiana EAF Project Overview
Energy Steel USA To seize opportunities inherent in high-margin & high-growth markets, we will invest in the Louisiana EAF project to respond to demands for low-carbon automotive steel sheets. USA ※ We continue to engage with Cleveland-Cliffs on ways to maximize collaboration and synergy. Project Ov
Slide 43: Indonesia Expansion Strategy
Energy Steel Indonesia In Indonesia, we plan to expand operations based on PT.KP Phase 1 plant and to build the upstream STS hub. Indonesia Expansion strategy Carbon steel • Build a consensus with the Indonesian government; then, make plans to implement PT.KP Phase 2 (3Mt) • Expand product scope fro
Slide 44: Domestic AX-related demand
Energy Steel New Demand In the domestic market, we will seek to achieve quality growth by commanding AX-related demand markets, e.g., AI, data centers, power infrastructure, humanoids. Open & Collaboration with AX Ecosystem ※ dedicated organization set up AX Supply Chain Application • Cooperate with
Slide 45: R&D Strategy
R&D Strategy Two Key Materials, Lithium & Iron ; LiFe Technology 45
Slide 46: Diversified lithium extraction technology options
Li Steel We own diversified technology options that allow the blending of conventional and proprietary technologies, offering the ability to extract lithium from diverse resources. Saline Ore Brine Recycling Groundwater Li Concentration 1.2~2.5 % 0.06~0.2 % ~ 0.06 % 4.0 % Conventional O O O Technolo
Slide 47: BPED lithium production technology
Li Steel As the world’s first company to model BPED* lithium production technology, we are pushing boundaries by harnessing AI to innovate processes. * BPED: Bipolar Electrodialysis Commercial-scale BPED technology Use of Sodium supplementary sulfate feeds (%) Using brine (Argentina) and ore (Korea)
Slide 48: DLE technology for non-traditional resources
Li Steel To seek development of non-traditional lithium resources*, we will infuse life into DLE, a new conceptual technology that will be tested locally in the U.S. * non-traditional lithium resource: brine with lithium content of below 500ppm and high impurity POSCO’s DLE Technology Brine processi
Slide 49: Lithium products portfolio
Li Steel In addition to offering reliable supply of lithium hydroxide (LH), we aim to expand our product portfolio by developing lithium dihydrogen phosphate and lithium chloride. Li Products Usage Our Diverse Offerings Li hydroxide (LiOH) * Current main product NCM battery Li carbonate (Li2CO3) LFP
Slide 50: Strategic Product, Process Innovation, AX
Li Steel To ensure the future success of Steel, we will continue to drive strategic product development, innovate processes and promote AX. Strategic Product Process Innovation AX Developing next-generation Innovating processes to achieve Mission-oriented AX products for future growth industries unp
Slide 51: Specialized Steel for AI, Power and Defense
Li Steel Differentiated and specialized steel, designed to serve the AI, power, and defense industries, will fuel our engine to drive market competitiveness. Specialized Steel for AI & Power Specialized Steel for Defense Develop top performance Integrated data center solution Developing ballistic st
Slide 52: HyREX
Li Steel By demonstrating HyREX, our proprietary hydrogen-reduction ironmaking process, and through global industry collaboration, we will continue to enhance the technology solution. HyREX POSCO proprietary FBR* + electric smelter (ESF) • Use of low-grade fine ore, high Fe yield, hydrogen and/or NG
Slide 53: Financial Strategy
Financial Strategy Shareholder-focused Financial Strategy 53
Slide 54: Corporate Value Maximization Update
Update The Finance Strategy at POSCO Holdings has been consistently committed to Coprorate Value Maximization. Recent 6-mo. average (Jan.~Jun. ’26) Stock price KRW 378,263; PBR 0.51x 6-mo. average since modified listing in Mar.~Aug. ‘22 Stock price KRW 267,091; PBR 0.40x Mar. ’22 ’25/E Jun. ’26 POSC
Slide 55: Shareholder returns over the past 3 years
Update We are committed to shareholder-centered management; in the past 3 years, KRW 4.1 trillion has been expended for shareholder returns and proactive treasury shares cancellation. Cash dividend KRW 2.3 tril. FY ’23~’25 Treasury shares cancellation KRW 1.8 tril. (6.3% retired) 3-year Total Shareh
Slide 56: Shareholder Return Policy
Shareholder Return Policy Reduce Holding Company Discount Investment Strategy Investment Plan Shareholder value will be enhanced through performance-linked policy to boost shareholder returns, predictable dividend payout, and flexible treasury share buyback and cancellation. FY ’26~’28 Target Shareh
Slide 57: Reduce Holding Company Discount
Shareholder Return Policy Reduce Holding Company Discount Investment Strategy Investment Plan Shares of listed subsidiaries currently trading at a discount to NAV will be strategically monetized to upgrade the enterprise value of the holding company. Shareholding Value enhancement of strategy the ho
Slide 58: Boost enterprise value of listed subsidiaries
Shareholder Return Policy Reduce Holding Company Discount Investment Strategy Investment Plan We will strengthen professional and accountable management at subsidiaries and enhance stock liquidity to unlock the intrinsic value of our companies in their share prices. Boost enterprise value of listed
Slide 59: Investment Strategy and Restructuring
Shareholder Return Policy Reduce Holding Company Discount Investment Strategy Investment Plan Investment priority will be reassessed with a focus on profitability, and low-profit assets boldly restructured to maximize capital efficiency. Investment policy Restructuring Hurdle Rate is calculated by a
Slide 60: Growth Investment Plan
Shareholder Return Policy Reduce Holding Company Discount Investment Strategy Investment Plan To drive our Triple-Core Portfolio strategy, we will focus capital and capabilities on core businesses through selective concentration. • India: JV mill with JSW Industrial (KRW 7.6 tril.) • USA: Louisiana
Slide 61: Financial Target
Financial Target By delivering the Business Portfolio Transformation and Finance Strategy as planned, the Company will reach PBR of 1.0 + α by 2028. * Consolidated basis * Consolidated basis * Consolidated basis Revenue / Operating Profit ROE / ROIC PBR (unit : KRW tril.) (unit : %) Revenue Operatin
Slide 62: Thank you
Thank you 62
Slide 63: Disclaimer
Disclaimer This presentation was prepared to release information to shareholders, investors, and the community pertaining to the company’s business outcomes, financial performance, and key operations. The financial and business statements provided in the presentation are based on data available at t