Slide 1: 1Q 2013 Operating Performance
1Q 2013Operating Performance April 25, 2013
Slide 2: Agenda
Figures provided in this presentation are based on unaudited financial statements of the Company. Certain contents in this presentation are subject to change during the course of auditing process. 1Q Operating Performance 1Q Operating Performance 1Q Operating Performance - Consolidated Performance -
Slide 3: Consolidated Performance: Income
Income 3 POSCO Earnings Release |April 25, 2013 Revenue Operating Profit Net Profit 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2012.4Q 2013.1Q Consolidated Performance 16,309 15,068 752 581 4.6% 3.9% 636 561 3.9% 3.7% 14,582 4.9% 717 292 2.0% (billion KRW) (billion KRW) (billion KRW) Op
Slide 4: Income by Sector
Income by Sector Revenue Operating Profit 2012.1Q 2012.4Q 2013.1Q Consolidated Performance 2012.1Q 2012.4Q 2013.1Q Steel Non-Steel (billion KRW) Revenue Revenue Revenue Operating Profit Operating Profit Operating Profit Net Profit Net Profit Net Profit (billion KRW) 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2
Slide 5: Financial Structure
Financial Structure 5 Assets Liabilities Equity 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2012.4Q 2013.1Q 79,479 79,266 38,100 36,836 92.1% 86.8% 41,379 42,429 6.2% 5.3% Consolidated Performance Liabilityto Equity Returnon Equity POSCO Earnings Release |April 25, 2013 39,638 93.0% 42,6
Slide 6: Summarized Statements of Income
Summarized Statements of Income 6 POSCO Earnings Release |April 25, 2013 Consolidated Performance 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2012.4Q 2013.1Q QoQ(%) Revenue Revenue 16,309 15,068 14,582 ^ 3.2 Gross Profit Gross Profit 1,678 1,653 1,674 1.3 (Gross Margin) (Gross Margin) (10.3%) (11.0%) (11.5%) Se
Slide 7: Summarized Statements of Financial Position
Summarized Statements of Financial Position 7 POSCO Earnings Release |April 25, 2013 Consolidated Performance 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2012.4Q 2013.1Q QoQ (%) Current Assets Current Assets 33,335 31,566 31,985 1.3 Cash & Financial Goods 6,455 6,530 6,226 ^ 4.7 Account Receivable 11,968 11,038
Slide 8: Agenda: POSCO Operating Performance
1Q Operating Performance 1Q Operating Performance 1Q Operating Performance - Consolidated Performance - Consolidated Performance - POSCO Operating Performance - POSCO Operating Performance - Subsidiaries Performance - Subsidiaries Performance Business Environment Business Environment Business Enviro
Slide 9: Production · Sales
Production · Sales 9 POSCO Operating Performance Crude Steel Production Finished Product Sales 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2012.4Q 2013.1Q Carbon Steel 8,893 9,008 8,608 S T S 533 484 461 2012.1Q 2012.4Q 2013.1Q Domestic 5,266 4,719 4,886 Export 3,510 3,956 3,552 Inventor
Slide 10: Sales by Product
Sales by Product 10 POSCO Operating Performance Automobile* Home Appliances Shipbuilding 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2012.4Q 2013.1Q 1,930 1,981 544 557 881 785 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2012.4Q 2013.1Q YoY QoQ Hot-Rolled 2,052 1,996 2,002 ^2.4% +0.3% Plate* 1,644 1
Slide 11: Income
Income 11 POSCO Operating Performance Revenue Operating Profit 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2012.4Q 2013.1Q 2012.1Q 2012.4Q 2013.1Q Carbon Steel Sales Price 929 800 782 (billion KRW) (billion KRW) 9,460 8,071 7,685 471 379 581 5.0% 4.7% 7.6% OperatingMargin (thousand KRW/ton) POSCO Earnings Relea
Slide 12: Financial Structure
Financial Structure 12 2012.4Q 2013.1Q 2012.4Q 2013.1Q 2012.4Q 2013.1Q 52,320 13,156 39,164 POSCO Operating Performance Assets Liabilities Equity 53,082 (billion KRW) (billion KRW) (billion KRW) 33.6% Liabilityto Equity 9,604Debt 9,564 13,924 Debt^ 40 39,158 35.6% POSCO Earnings Release |April 25, 2
Slide 13: Key Activities: High value-added products
Key Activities 13 POSCO Operating Performance High value-added products POSCO Earnings Release |April 25, 2013 Upgraded high-end products and continued technology development Strengthened marketing activities on strategic products - automotive and energy steel- World's first exclusive package of pla
Slide 14: Key Activities: Raised management efficiency
Key Activities 14 POSCO Operating Performance POSCO Earnings Release |April 25, 2013 Raised management efficiency Started operation of global financial SSC* Integrated financial management for overseas corporations by the regional hub · 8 processing centers in China (Apr) · First integrated among pr
Slide 15: Agenda: Subsidiaries Performance
1Q Operating Performance 1Q Operating Performance 1Q Operating Performance - Consolidated Performance - Consolidated Performance - POSCO Operating Performance - POSCO Operating Performance - Subsidiaries Performance - Subsidiaries Performance Business Environment Business Environment Business Enviro
Slide 16: Subsidiaries Performance: Income
Income 16 Daewoo International Subsidiaries Performance POSCO Earnings Release |April 25, 2013 Sales Operating Profit Operating Margin POSCO Energy (billion KRW) POSCO E&C (billion KRW) POSCO ICT (billion KRW) 2012.1Q 2012.4Q 2013.1Q 948 2,926 1,586 12 169 69 1.3% 5.7% 4.4% 2012.1Q 2012.4Q 2013.1Q 1
Slide 17: Key Activities: Subsidiaries Performance
Key Activities 17 Subsidiaries Performance POSCO Earnings Release |April 25, 2013 Contracted new orders of 1.8 tril KRW in 1Q- Vietnam Formosa hot-rolling mill (320 billion KRW) - Jordan Fujeij Wind Farm (160 billion KRW) - Hanam City development project (140 billion KRW) Stepped up penetration in o
Slide 18: Agenda: Business Environment
^ 1Q Operating Performance 1Q Operating Performance 1Q Operating Performance - Consolidated Performance - Consolidated Performance - POSCO Operating Performance - POSCO Operating Performance - Subsidiaries Performance - Subsidiaries Performance Business Environment Business Environment Business Envi
Slide 19: Global Steel Market
Global Steel Market 19 Business Environment Steel demand in major countries Steel demand in China POSCO Earnings Release |April 25, 2013 [ Crude steel demand (million tons) ] [ Car production (million units) ] 2010 2011 2012 2013 2010 2011 2012 YoY 2013 YoY U.S. 80 89 97 8% 99 3% EU 145 154 140 ^9%
Slide 20: Domestic Steel Market
Domestic Steel Market 20 Business Environment (thousand tons) 2011 2012 2013 ^ ^ ^ 2011 2012 2013 1Q 2Q QoQ Nominal Consumption Nominal Consumption 56,391 54,069 53,780 11,700 14,250 +21.8% Export Export 29,091 30,485 31,545 7,315 8,150 +11.4% Production Production 72,283 72,052 73,050 16,500 18,850
Slide 21: Raw Materials
Raw Materials 21 Business Environment Iron Ore Coking Coal (US$/ton) (US$/ton) [ Iron Ore Spot Price ] [ Coking Coal Spot Price ] 2013.1Q 2013.2Q 2013.1Q 2013.2Q POSCO Earnings Release |April 25, 2013 Strong price in the beginning of the year has weakened after Chinese New Year when the Chinese gove
Slide 22: Stainless Steel
Stainless Steel 22 Business Environment (thousand US$/ton) (US$/ton) Raw Materials Sales 2013.1Q 2013.2Q 2013.1Q 2013.2Q POSCO Earnings Release |April 25, 2013 "Weak Ni, moderate increase of Cr price" Ni Forecast to be weak mainly because of slow recovery in Euro Zone and US economiesCr Firm with So
Slide 23: Agenda: 2013 Business Plan
^ 1Q Operating Performance 1Q Operating Performance 1Q Operating Performance - Consolidated Performance - Consolidated Performance - POSCO Performance - POSCO Performance - Subsidiaries Performance - Subsidiaries Performance Business Environment Business Environment Business Environment 2013 Busines
Slide 24: 2013 Business Plan
2013 Business Plan 24 2012 2013(F) Revenue (Consolidated) (in trillion KRW) 63.6 64 - POSCO Revenue* (^) 35.7 32 Crude Steel Production (in million tons) 38.0 37 Product Sales (^) 35.0 34 Investment (Consolidated) (in trillion KRW) 7.2 7 ~ 8 - POSCO Investment* (^) 3.6 3.5 ~ 4 POSCO Earnings Release
Slide 25: 1Q 2013 Operating Performance
1Q 2013Operating Performance April 25, 2013