Aperam S.a. · EURONEXT:APAM
Aperam — Aperam Sa Ord — Q1 2026 Earnings Presentation
15 slides from Aperam's earnings presentation, Apr 30, 2026
Slide 1: First Quarter 2026 Results
Click for Management First Quarter 2026 Results Podcast 30 April 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 Q1 2026 – best Q1 in three years
First Quarter 2026 Key Figures Q1 2026 – best Q1 in three years Shipments Sales Shipments higher driven by seasonality in Europe 617kt +11% €1.575m +16% vs. 554kt in Q4 2025 vs. €1.358m in Q4 2025 EBITDA increase from higher shipments supported Adjusted EBITDA by valuation effect Operating income €9
Slide 4: Summary Q1 2026 – Strong performance from a diversified value chain
First Quarter 2026 Summary Q1 2026 – Strong performance from a diversified value chain Europe + Volumes seasonally higher, however underlying demand remained challenging with further aggravation from geopolitical instability Brazil Seasonal weakest quarter, but solid development Alloys ± Progress acr
Slide 5: Recycling & Renewables
First Quarter 2026 Recycling & Renewables MARKET Scrap recycling OUTLOOK Q2 Q2 EBITDA expected • Rising demand for stainless scrap to maintain robust Q1 strengthening globally level, without year end • Positive valuation effects valuation effects. • Positive development and stable volumes in US and
Slide 6: Stainless & Electrical Steel
First Quarter 2026 Stainless & Electrical Steel MARKET Construction OUTLOOK Q2 • Europe: no recovery so far (cost inflation) Lower imports in • Brazil: lower due to seasonality Europe driving higher capacity utilization and Consumer Goods increased sales. In • Europe: Ongoing demand without improveme
Slide 7: Alloys & Specialties
First Quarter 2026 Alloys & Specialties MARKET Aerospace OUTLOOK Q2 • Normal market development Results expected to • Boeing production stabilized but recovery to increase in Q2 as the historical levels not yet visible market stabilization • Structural parts continue to lag behind engine demand sugg
Slide 8: Services & Solutions
First Quarter 2026 Services & Solutions MARKET OUTLOOK Q2 EBITDA expected to be stronger than Q1 supported by lower imports and higher short term demand. QoQ: adj. EBITDA significantly up and impacted by higher demand and valuation effects Distribution Segment YoY: adj. EBITDA higher due to increased
Slide 9: Leadership Journey Phase 6 (2026 – 2028)
Self-Help Program Leadership Journey® Phase 6 (2026 – 2028) ONE APERAM - SYNERGIES: €18m gains achieved already in Q1 The most integrated supply chain in the Total goal 2026-2028: €150m industry Strong start into LJ#6 program securing structural growth Competitive operations remaining and allowing A
Slide 10: Transformation @Aperam
Latest Developments Transformation @Aperam STAINLESS & ELECTRICAL STEEL ALLOYS — M&A Brazil Downstream Acquisition of Magnetec Debottlenecking Creation of Aperam Magnetic Components Timóteo upgrade Closing as of 1 April 2026 Scope: Upgrade a key cold-rolling bottleneck Profile: Specialist in nanocrys
Slide 11: Way forward: Path to Normalized EBITDA of €700-800m until 2028
From 2026 To Beyond Way forward: Path to Normalized EBITDA of €700-800m until 2028 Schematic view of contribution of every business S&S €700-800m Stainless Europe Stainless Brazil A&S R&R €339m €150m €200-300m Adj. EBITDA 2028 2025 Target R&R, A&S, Stainless South America All businesses Support for
Slide 12: Guidance & other Forward Looking Items
Outlook Guidance & other Forward Looking Items Q2 2026 OUTLOOK OTHER ITEMS Phase 6 of the Leadership Journey® started in Shipments expected seasonally higher qoq Q1 2026 Cumulated gains target €150m (of which €50m in 2026) Adjusted EBITDA in Q2 expected significantly higher than Q1 FY 2026 group cape
Slide 13: Events Post Q1 Results: Conferences and Roadshows
Financial Calendar Events Post Q1 Results: Conferences and Roadshows MAY 2026 JUNE 2026 7 Düsseldorf / Roadshow 1-2 US Roadshow MAY Cologne JUN 13 Miami Bank of America Metals & Mining 2 Paris Roadshow MAY Conference JUN 13 London Roadshow 23 Amsterdam Roadshow MAY JUN 19 Frankfurt UBS Invest in Eur
Slide 14: Q1 2026 Conference Call & Webcast
Reporting Q1 2026 Conference Call & Webcast ON DEMAND LIVE EVENT ▶ Management Podcast ● Q&A Call & Webcast Management comments are 30 April 2026, 14:00 CEST available on the Aperam website Registration necessary to receive Aperam > Investors > Q1-26 phone numbers and individual Podcast passcode: htt
Slide 15: 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. >