Slide 1: Second Quarter 2026 Results Management Podcast
Click for Management Second Quarter 2026 Results Podcast 30 July 2026
Slide 2: Disclaimer
Disclaimer Forward Looking Statements This document may contain forward-looking information and statements about Aperam SA and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with
Slide 3: Key Figures Q2 2026 – best quarter in four years
Second Quarter 2026 Key Figures Q2 2026 – best quarter in four years Shipments Sales ➢ Shipments slightly lower due to S&S volumes 606kt -2% €1,689m +7% ➢ Adj. EBITDA significantly higher driven by strong vs. 617kt in Q1 2026 vs. €1,575m in Q1 2026 performance in all our businesses, with the Adjuste
Slide 4: Summary Q2 2026 – Solid QoQ EBITDA Growth Across All Segments
Second Quarter 2026 Summary Q2 2026 – Solid QoQ EBITDA Growth Across All Segments Europe + Favorable pricing development and valuation gains drives high quarter-over-quarter financial performance Brazil Robust development after the holiday quarter Recycling + Aerospace recycling strengthening Stainl
Slide 5: Imports around post safeguard run-rate already in H1 2026
Second Quarter 2026 Imports around post safeguard run-rate already in H1 2026 Comparison of old quotas and new quotas for CR Stainless Steel KEY DRIVERS NET ➢ Imports for H1 ~at post TRQ rate – 140kt ➢ Utilization 75-80% with low underlying demand MARGIN ➢ CBAM first annual declaration on 30 Sept 20
Slide 6: Recycling & Renewables
Second Quarter 2026 Recycling & Renewables MARKET Scrap recycling OUTLOOK Q3 • Global demand for stainless steel scrap surging Q3 EBITDA expected and driving market strength to be lower due to • Favorable valuation effects seasonality and no • Operations in the US and Europe with improved support fr
Slide 7: Stainless & Electrical Steel
Second Quarter 2026 Stainless & Electrical Steel MARKET Construction OUTLOOK Q3 • Europe: recovery still pending • Brazil: uptick in demand after seasonal low Development in Europe is experiencing Consumer Goods a seasonal slowdown • Europe: Slight softening in demand due to the summer • Brazil: pos
Slide 8: Alloys & Specialties
Second Quarter 2026 Alloys & Specialties MARKET Aerospace OUTLOOK Q3 • Aerospace orderbook showing strong recovery for year end Results expected to • Boeing shows first signs of structural recovery decrease in Q3 due to • Supply chain normalization underway planned annual maintenance. Higher orderbo
Slide 9: Services & Solutions
Second Quarter 2026 Services & Solutions MARKET OUTLOOK Q3 EBITDA expected to be lower than in Q2 based on lower seasonal volumes. QoQ: adj. EBITDA slightly higher confirming strong segment performance, best quarter since Q3 2022 Distribution Segment YoY: adj. EBITDA significantly higher due to part
Slide 10: Leadership Journey Phase 6 (2026 – 2028)
Self-Help Program Leadership Journey® Phase 6 (2026 – 2028) ONE APERAM - SYNERGIES: €20m gains achieved in Q2 (H1: €38m) The most integrated supply chain in Total goal 2026-2028: €150m the industry Strong start into LJ#6 program securing structural growth Competitive operations remaining and allowin
Slide 11: Transformation @Aperam
Latest Developments Transformation @Aperam RECYCLING STAINLESS BRAZIL RENEWABLES Titanium Center of Duplex for Pulp & Paper Water sustainability project Excellence Enhancing performance in harsh Transforming discarded waste into an essential resource for operations Frankfort, New York, USA environme
Slide 12: Guidance & other Forward Looking Items
Outlook Guidance & other Forward Looking Items Q3 2026 OUTLOOK OTHER ITEMS Shipments expected lower qoq driven by Phase 6 of the Leadership Journey® started in seasonality in Europe Q1 2026 Cumulated gains target €150m (of which €50m in 2026) Adjusted EBITDA in Q3 is expected to be lower than in Q2
Slide 13: Events Post Q2 Results: Conferences and Roadshows
Financial Calendar Events Post Q2 Results: Conferences and Roadshows AUGUST / SEPTEMBER 2026 SEPTEMBER / OCTOBER 2026 Hamburger Investorentage (HIT) 26 Jefferies Industrial Conference 10 Hamburg AUG New York SEP Roadshow 27 KeplerCheuvreux Autumn Conference 10 Stockholm AUG Paris SEP Roadshow 28 Roa
Slide 14: Aperam Capital Markets Day 2026
INVITATION Aperam Capital Markets Day 2026 Wednesday, 18 November 2026 • 10:00 – 16:30 • Paris LOCATION La Maison de Centraliens 8 Rue Jean Goujon, 75008 Paris AGENDA Presenting across all business segments, Aperam’s CEOs will outline key growth drivers and execution strategies supporting overall gr
Slide 15: Q2 2026 Conference Call & Webcast
Reporting Q2 2026 Conference Call & Webcast ON DEM AN D LIVE EVEN T ▶ Management Podcast ● Q&A Call & Webcast Management comments are 30 July 2026, 14:00 CEST available on the Aperam website Registration necessary to receive Aperam > Investors > Q2-26 phone numbers and individual Podcast passcode: h
Slide 16: Contact and Share Information
Aperam Contact and Share Information Investor Relations Aperam’s Vision > Roberta de Aguiar Faria We are committed to establish Aperam > Henrik von Lukowicz as the leading value creator in the > 24-26 Boulevard d’Avranches circular economy of infinite, > L-1160 Luxembourg world-changing materials. >