Outokumpu Oyj · OMXHEX:OUT1V
Outokumpu Oyj — Investor Presentation (April 2025)
28 slides from Outokumpu Oyj's investor presentation, April 2025
Slide 1: Outokumpu – the global leader in sustainable stainless steel
1 Outokumpu – the global leader in sustainable stainless steel Investor presentation 2025 One WTC | Three WTC | Oculus | Chrysler Building | Hudson Yards; The Edge & The Vessel | Central Park Tower | 200 West Street; Goldman & Sachs HQ A pri l 2025 Location: New York City, USA
Slide 2: Contents
2 Contents • Creating long-term value o This is Outokumpu o Stainless steel is a healthy market o Well defined, three-phase strategy o Industry leader in sustainability o Stable shareholder returns A pri l 2025
Slide 3: Focus on long-term value creation and shareholder returns
3 Creating long-term value Focus on long-term value creation and shareholder returns Stainless steel Well defined, Improved financial Industry leader Market and Stable is a healthy three-phase and risk profile in sustainability cost leader in shareholder market strategy We have improved We are the o
Slide 4: We are the global leader in sustainable stainless steel
4 This is Outokumpu We are the global leader in sustainable stainless steel Outokumpu’s year 2024 Outokumpu’s core business is stainless steel flat products and ferrochrome Sales Stainless steel Adjusted Slab Coil Ferrochrome deliveries EBITDA 5.9 1.8 177 EUR billion million tonnes EUR million Three
Slide 5: Solid presence in key regions and a fully integrated production asset base
5 This is Outokumpu Solid presence in key regions and a fully integrated production asset base starting from our own chrome mine Production capacity 1,000 tonnes Finland Sweden Germany USA Mexico Total Melting capacity 1,450 450 900 2,800 Finland Hot rolling capacity 1,450 900 870* Finishing capacit
Slide 6: Global customer base and a wide product portfolio
6 This is Outokumpu Global customer base and a wide product portfolio: both high-value and standard stainless steel production Sales in 2024 per customer segment Wide customer base consisting of both Standard stainless steel end-customers and distributors For demanding needs Appliances 9% Versatile
Slide 7: We are accelerating green transition across the value chain
7 This is Outokumpu We are accelerating green transition across the value chain Lowest Circular economy at the Low-emission ferrochrome carbon footprint core of business production in Finland Carbon footprint up to 75% lower High recycled material Carbon footprint 67% lower than the global average o
Slide 8: Business area Europe
8 This is Outokumpu Business area Europe • Market position #1, market share 31% Adjusted EBITDA EUR million 680 • Production facilities: Finland, Sweden and Germany 485 • Largest customer segments: distributors, metal processing and tubes, automotive, consumer goods 216 142 148 • Business area Europ
Slide 9: Business area Americas
9 This is Outokumpu Business area Americas • Market position #2, market share 23% Adjusted EBITDA EUR million • Production facilities: Alabama, the U.S. and Mexico 384 297 285 • Largest customer segments: mainly distributors (~70%), appliances, automotive, pipes and tubes • Main competitors: NAS, Cl
Slide 10: Business area Ferrochrome
10 This is Outokumpu Business area Ferrochrome • Production facilities: Finland Adjusted EBITDA • Our in-house ferrochrome mine in Kemi is a unique EUR million 246 220 asset – only chrome mine in the EU area • Outokumpu consumes majority of the ferrochrome 96 91 96 106 produced internally at own mil
Slide 11: Own chrome mine is a unique asset and a competitive advantage
11 This is Outokumpu Own chrome mine is a unique asset and a competitive advantage for Outokumpu Outokumpu’s chrome mine in Kemi and ferrochrome operations in Tornio, Finland. • Ferrochrome makes stainless steel stainless (on • Fully integrated ferrochrome and stainless steel average 18% chrome cont
Slide 12: Climate ambitions accelerate demand growth for low-emission stainless steel
12 Stainless steel is a healthy market Climate ambitions accelerate demand growth for low-emission stainless steel Global megatrends increasing demand Climate change Sustainable Increasing & limited resources urbanization population → Energy investments → Infrastructure → Health care → Resource effi
Slide 13: Demand for stainless steel expected to grow
13 Stainless steel is a healthy market Demand for stainless steel expected to grow Global stainless steel flat Expected stainless steel flat products’ demand* in 2024 products’ demand* in 2029 Americas Americas APAC APAC 7% +16% 81% EMEA +22% EMEA 12% +13% 33.6 +21% 40.6 million tonnes million tonne
Slide 14: Well defined, three-phase strategy
14 W ell defined, three-phase strategy WHERE WE ARE NOW: Phase 1: 2021–2022 Phase 2: 2023–2025 Phase 3: 2026– De-risking the company and Strengthening the core of the company Next steps - Third phase of the strategy strengthening balance sheet 2026 onwards • Key priorities: Sustainability, • Key pri
Slide 15: Strategy phase 2: profit improvement actions progressing well
15 W ell defined, three-phase strategy Strategy phase 2: profit improvement actions progressing well, capex cut to EUR 160 million for year 2025 Financial targets for 2023-2025 EBITDA run-rate Net debt to CAPEX Aim to pay a improvement adjusted EBITDA stable and 350 <1.0x 600 growing dividend EUR mi
Slide 16: Strategy phase 3: preparations ongoing
16 W ell defined, three-phase strategy Strategy phase 3: preparations ongoing– more to be disclosed in our next Capital Markets Day in June OUR PURPOSE Phase 3: 2026– We are working towards a world that lasts forever. Strong sustained performance Aim to strengthen market position further Phase 2: 20
Slide 17: Sustainability at the core of our strategy
17 W ell defined, three-phase strategy Sustainability at the core of our strategy Climate Commitment to reduce emission intensity across Scope 1, 2 and 3 by 42% by 2030*. Circularity Target to achieve over 90% recycled material content. People & safety .Long-term vision of zero accidents. Minimum of
Slide 18: We accelerate green transition with low-emission stainless steel
18 Industry leader in sustainability We accelerate green transition with low-emission stainless steel and continue to decarbonize our value chain with our partners • 93% of Outokumpu’s sales in 2024 Emission intensity is both eligible and aligned with (tCO2-eq/t of stainless steel) the EU taxonomy 2
Slide 19: We support our customers to reduce their emissions
19 Industry leader in sustainability We support our customers to reduce their emissions with the lowest carbon footprint in the industry Product carbon footprints (tCO2-eq/t of stainless steel)* 8.8 7 2.8 2.8 1.5 1.6 Down to 0.5 China & Indonesia Industry mean Estimated European Outokumpu Outokumpu
Slide 20: Our starting point for emission reductions
20 Industry leader in sustainability Our starting point for emission reductions Emissions per scope in 2024 Scope 1 Total: 990 ktCO2 Scope 2 Total: 365 ktCO2 Scope 3 Total: 2,347 ktCO2 12% 14% 13% Other value chain Direct emissions Propane and other emissions 33% from raw materials fuels Other purch
Slide 21: Outokumpu's sustainability progress
21 Industry leader in sustainability Outokumpu's sustainability progress Environment Social Governance Stainless steel production requires Outokumpu invests to high safety Outokumpu is committed to conducting significant amounts of energy and raw standards to prevent hazardous working business with
Slide 22: Strong commitment to paying a stable and growing dividend
22 Stable shareholder returns Strong commitment to paying Share buybacks are another tool a stable and growing dividend in line to return capital to the shareholders with our dividend policy 31 million shares repurchased in 2022–2024 to manage the dilutive impact from the convertible bond Dividend p
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Slide 24: Continue our climate strategy to further reduce our emissions
Continue our climate strategy to further reduce our emissions aligned with 1.5 degrees – circularity and innovation at the core 2016–2024 2024 results High recycled material content, low-emission -32% tCO2/ton CS against 2016 baseline energy, energy efficiency and incremental process improvements
Slide 25: Partnering with customers in sustainability to reduce emissions
25 Partnering with customers in sustainability to reduce emissions from the stainless steel industry “As industries around the world look to reduce carbon emissions to reach ambitious net-zero targets, sustainable steel has a huge potential. In Outokumpu we have found an organization dedicated to ac
Slide 26: How is cold rolled stainless coil produced at Outokumpu?
26 How is cold rolled stainless coil produced at Outokumpu? Kemi Ferrochrome Steel Hot Cold mine works melting shop rolling mill rolling plant Underground Sintering Liquid Walking Hot annealing 1. mine 1. furnace 1. ferrochrome 1. Beam 1. and pickling line Furnace 2. Hoisting 2. Smelter 2. Recycled
Slide 27: Appendix
27 Appendix Latest financial materials and presentations Financing and credit information https://www.outokumpu.com/en/investors/materials https://www.outokumpu.com/en/investors/financing-and-credit- information Latest CEO’s review Sustainability data tool https://www.outokumpu.com/en/investors/outo
Slide 28: Contacts
28 Contacts Linda Häkkilä Head of Investor Relations linda.hakkila@outokumpu.com +358 400 719 669 A pri l 2025