Outokumpu Oyj · OMXHEX:OUT1V
Outokumpu Oyj — Investor Presentation (August 2026)
25 slides from Outokumpu Oyj's investor presentation, August 2026
Slide 1: Pioneering materials and technologies that power tomorrow
Pioneering materials and technologies that power tomorrow Outokumpu investor presentation A ugus t 2026
Slide 2: Disclaimer
2 Disclaimer This presentation contains, or may be deemed to contain, statements that are not historical facts but forward-looking statements. Such forward-looking statements are based on the current plans, estimates and expectations of Outokumpu’s management based on information available to it on
Slide 3: We lead the way across the stainless steel value chain – and beyond
3 THIS IS OUTOKUMPU We lead the way across the stainless steel value chain – and beyond Global leader in Low-emission Diverse end-market Transforming through Financially healthy sustainable stainless ferrochrome producer exposure across the EVOLVE strategy to invest in steel, with #1 position with t
Slide 4: Our performance-critical materials serve a wide range of end uses
4 THIS IS OUTOKUMPU Our performance-critical materials serve a wide range of end uses Ferrochrome Sustainable stainless steel Advanced materials Chromium is the key element that Versatile stainless steels with Applications which require special makes stainless steel corrosion- good combination of pr
Slide 5: Growth concentrated in specialties, while policy measures expand the addressable market
5 THIS IS OUTOKUMPU Growth concentrated in specialties, while policy measures expand the addressable market European standard North America standard Global Advanced stainless2 Ferrochrome market growth stainless steel market stainless steel market and high-nickel alloy market tied to stainless marke
Slide 6: Solid presence in key regions and a fully integrated production starting from our own chrome mine
6 THIS IS OUTOKUMPU Solid presence in key regions and a fully integrated production starting from our own chrome mine Production capacity 1,000 tonnes Finland Sweden Germany USA Mexico Total Melting 1,450 450 900 2,800 Hot rolling 1,450 900 870* Finishing Finland Cold rolling 750 130 450 350 250 Hot
Slide 7: Profitability in 2025 reflected subdued stainless steel demand, especially in Europe
7 FINANCIALS Profitability in 2025 reflected subdued stainless steel demand, especially in Europe Adjusted EBITDA, EUR million Cost control and EBITDA improvement actions supported profitability in a challenging market environment 1,256 Sales 980 EUR 5,468 million (EUR 5,942 million) 517 Stainless s
Slide 8: Strong capital management has kept investments moderate
8 FINANCIALS Strong capital management has kept investments moderate Capital expenditure, EUR million In 2025 capital expenditure was EUR 145 250 million (EUR 216 million), reflecting a strong capital management focused on a strong 200 balance sheet and shareholder returns. 150 Balanced allocation b
Slide 9: Solid financial position as a result of strong capital management
9 FINANCIALS Solid financial position as a result of strong capital management Net debt Net debt to Net debt EUR 265 million (EUR 189 million) adjusted EBITDA – Net debt to adjusted EBITDA ratio 1.6 (1.1). 1200 6 Net debt decrease from the end of 2020 Strong liquidity – cash and cash equivalents of
Slide 10: Financial targets and policies supporting long term value creation
10 FINANCIALS Financial targets and policies supporting long term value creation FINANCIAL INVESTMENT DIVIDEND TARGETS CRITERIA POLICY HEALTHY BALANCE SHEET WITH SUSTAIN COMPETITIVENESS AND COMPETITIVE SHAREHOLDER FOCUS ON CASH GENERATION UNLOCK GROWTH OPPORTUNITIES RETURNS NET DEBT TO EBITDA ratio
Slide 11: Business area Europe
11 BUSINESS AREAS Business area Europe Production and sales of stainless steel flat products for Adjusted EBITDA EUR million consumer, appliance, industrial and durable goods applications, across two businesses: Stainless Europe in standard grades and Advanced Materials in high value-added stainless
Slide 12: Business area Americas
12 BUSINESS AREAS Business area Americas Improving the competitiveness Adjusted EBITDA Production and of our sustainable sales stainless of stainless steelsteel flat products and EUR million tailored solutions for consumer, appliance, industrial, and durable goods applications, with around 70% of sa
Slide 13: Business area Ferrochrome
13 BUSINESS AREAS Business area Ferrochrome Adjusted EBITDA Production and sales of charge ferrochrome and special EUR million grades for internal use and external stainless steel and specialty metals customers globally, supported by the EU’s only chrome mine in Kemi and an integrated ferrochrome sm
Slide 14: People are our most valuable asset and we have a world-class safety performance
14 SUSTAINABILITY People are our most valuable asset and we have a world- class safety performance TRIFR* from 2016 to 2025 -79% 8.7 4.4 4.1 3.2 2.4 2.0 1.8 1.5 1.5 1.8 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Improving pay Personnel at the equity end of the year 0.994 8,605 Women’s euro wi
Slide 15: Strategic priorities have positioned us as the sustainability leader in our industry
15 SUSTAINABILITY Strategic priorities have positioned us as the sustainability leader in our industry Lowest carbon footprint Up to 75% lower than the global average of stainless Circular economy Low-emission Low-emission steel at the core ferrochrome energy of business production in 12 million Fin
Slide 16: Smart decarbonization unlocking new business opportunities
16 SUSTAINABILITY Smart decarbonization unlocking new business opportunities 2016–2024 2025 RESULTS 2030 TARGET High recycled material content, low- - 33% - 42% • Cost avoidance from emission energy, energy efficiency and 1.39 tCO2/ton CS tCO2/ton CS lower CO2 emissions as incremental process impr
Slide 17: Securing sustainable and cost competitive supply of critical raw materials
17 SUSTAINABILITY Securing sustainable and cost competitive supply of critical raw materials SCRAP NICKEL MOLYBDENUM FERROCHROME Scrap is the main raw Diversified, sustainable and Critical raw material especially Ownership of the only material, supporting 95% compliant nickel sourcing for the produc
Slide 18: EVOLVE growth-strategy – strengthening foundation while investing into transformative areas
18 STRATEGY EVOLVE growth-strategy – strengthening foundation while investing into transformative areas TRANSFORMATIVE ADVANCED MATERIALS GROWTH IN THE AMERICAS INNOVATIVE MATERIALS AND ALLOYS Exploring growth opportunities AND TECHNOLOGIES Expanding into near-core alloys beyond standard stainless s
Slide 19: Improving resilience and gearing up for transformative growth
19 STRATEGY Improving resilience and gearing up for transformative growth FOUNDATIONAL TRANSFORMATIVE Ensuring cost competitiveness and Targeting profitable growth cash generation Implementation of the restructuring program is Initiating an investment program in high-nickel progressing as planned, t
Slide 20: Accelerating growth in advanced materials and high-nickel alloys
20 STRATEGY TRANSFORMATIVE Accelerating growth in advanced materials and high-nickel alloys Specialty products Markets show faster Targeting new Excellent foundations A new organization offer a combination growth than standard markets and for success, built on a and commercial of enhanced stainless
Slide 21: Becoming a key player in high-nickel alloys
STRATEGY TRANSFORMATIVE 21 Becoming a key player in high-nickel alloys • Starting an investment program in high-nickel alloys – an attractive global growth market offering higher margins and resilience – building on the existing Advanced Materials business. • The investment will add approximately 13
Slide 22: Unlocking the full potential of ferrochrome business
STRATEGY TRANSFORMATIVE 22 Unlocking the full potential of ferrochrome business Growing into an unrestricted market player • Expand the product portfolio towards higher-margin ferrochrome to serve new customer segments such as special steel Price point producers. 10x Pilot plant under construction t
Slide 23: Aiming to realize the full commercial potential of the new technology from 2030 onwards
23 STRATEGY TRANSFORMATIVE Aiming to realize the full commercial potential of the new technology from 2030 onwards 2023–2025 2025–2027 2027–2030 2030– SCALING UP Reach full commercial INDUSTRIALIZATION potential First industrial-scale plant PILOT PHASE Prove scalability New high-value products LAB S
Slide 24: Pioneering materials and technologies that power tomorrow
24 Pioneering materials and technologies that power tomorrow SOCIETY CUSTOMERS OUTOKUMPU WORKING TOWARDS A WORLD THAT RAW MATERIALS STAINLESS STEEL APPLICATIONS AND LASTS FOREVER END-USES, SHARE OF GROUP SALES SUSTAINABLE, COST COMPETITIVE STAINLESS • 12 million tons of emissions avoided ACCESS TO S
Slide 25: Pioneering materials and technologies that power tomorrow
25 PIONEERING MATERIALS AND TECHNOLOGIES THAT POWER TOMORROW A ugus t 2026 Edificio Forum | Architect: Herzog & de Meuron | Location: Barcelona, Spain