Posco Holdings Inc. · KRX:005490
Posco — Q1 2025 Earnings Presentation
18 slides from Posco's earnings presentation, Apr 24, 2025
Slide 1: POSCO Holdings 2025.Q1 Earnings Release
POSCO Holdings 2025.Q1 Earnings Release April 24, 2025
Slide 2: Disclaimer
2 Disclaimer This presentation was prepared and circulated to shareholders and investors to release information regarding the company’s business performance prior to completion of auditing for the period pertaining to the 1st quarter of 2025. Given that this presentation is based on unaudited financ
Slide 3: Contents
Contents 3 Consolidated Business Performance MOU signed with Hyundai Motor Group Portfolio Management 2025 Investment Plan Business Performance by Key Areas I. Steel - POSCO · Production/Sales · Income - Overseas · PT-KP · PZSS · P-Maharashtra · PY-VINA II. Energy Materials - POSCO Future M - Progre
Slide 4: Q1 '25 Consolidated Performance
Q1 '25 Consolidated Performance 4 Improved performance across all segments including Steel, Energy Materials, and Infrastructure Income (KRW bil., %pt) Financial Structure (KRW bil., %pt) Revenue OP Margin OP Margin Ratio QoQ Net Debt EBITDA Net Debt Ratio QoQ +0.8%p 18,052 19.0% 17,805 17,437 △368
Slide 5: MOU Signed with Hyundai Motor Group
MOU Signed with Hyundai Motor Group 5 MoU signed between POSCO Group and Hyundai Motor Group in Steel and EV battery materials 01 Objective To collaborate in steel and EV battery materials as means to address shifts in global trade schemes and to advance our interests in the future mobility market -
Slide 6: MOU Signed with Hyundai Motor Group: Overseas Growth Strategy
MOU Signed with Hyundai Motor Group 6 Overseas Growth Strategy: Identify future growth engine by making timely investment into high-growth, high-profit local markets [Asia] Phased build-up of upstream capability in JV partnership with JSW, India’s No. 1 steelmaker [North America] Securing local sust
Slide 7: Portfolio Management
Portfolio Management 7 Restructuring progress rate of 40% with 51 projects completed as of Q1 '25, cumulative cash generation of KRW 949 billion* Project Scope 126 projects including 55 under-performing projects and 71 non-core assets Q1 Performance 6 projects completed → cash generation of KRW 286.
Slide 8: 2025 Investment Plan
2025 Investment Plan 8 2025 CAPEX of KRW 8.8 tril. continues to fund core businesses while adjusting speed Consolidated KRW 6.7T KRW 8.6T KRW 9.0T KRW 8.8T CAPEX (75%) (76%) (82%) (planned) (% administered 0.4 Rate 0.5 vs. planned) 0.1 6% 0.9 1.2 1.5 17% R&D 0.1 인프라 Infrastructure 1.2 3.6 4.0 3.0 34
Slide 9: POSCO
POSCO 9 Production/Sales (KRW bil., %) Income (KRW bil., %) Crude Steel (Kt) Production Sales Volume (Kt) Utilization Rate* QoQ Revenue Operating Profit OP Margin QoQ % of Premium Plus Products Sold** 91.5% 85.6% 88.1% △3.4%p 3.9% +0.4%p 3.5% 3.1% 9,153 △502 △313 9,520 9,281 8,661 8,651 8,968 8,464
Slide 10: Steel (overseas)
Steel (overseas) 10 PT. Krakatau POSCO (Indonesia) (KRW bil.) PZSS (China) (KRW bil.) Revenue Operating Profit QoQ Revenue Operating Profit QoQ 726 750 750 676 △74 715 672 △54 4 24 7 △17 △24 △55 △19 +36 Q1 2024 Q4 2024 Q1 2025 Q1 2024 Q4 2024 Q1 2025 POSCO Maharashtra (India) (KRW bil.) PY VINA (Vie
Slide 11: POSCO Future M
POSCO Future M 11 Income (KRW bil., %) Revenue & OP by Segment (KRW bil.) Revenue Operating Profit OP Margin QoQ Q1 2024 Q4 2024 Q1 2025 QoQ Revenue 1,138 723 845 +122 1,138 3.3% 845 +122 723 Energy Material 782 382 505 +123 2.0% +7.7%p Base Material 356 341 340 △1 17 △41 △5.7% 38 Operating Profit 3
Slide 12: Energy Materials Progress on Plant Construction
Energy Materials Progress on Plant Construction 12 • [POSCO Argentina] Adjustments made to reflect market slowdown and sluggish recovery of lithium price (Phase 1) Secure adequate time to ramp up (by end of '25) and acquire client certification (Phase 2 & POSCO Lithium Solution) * Push out completio
Slide 13: POSCO International
POSCO International 13 Income (KRW bil., %) Revenue & OP by Segment (KRW bil.) Revenue Operating Profit OP Margin QoQ Q1 2024 Q4 2024 Q1 2025 QoQ Revenue 7,761 7,942 8,154 +212 3.4% 3.3% 1.5%p Energy 1) 977 878 858 △20 1.8% 2) Steel Mtrls,etc. 6,784 7,064 7,296 +232 7,942 8,154 +212 7,761 265 145 27
Slide 14: POSCO E&C
POSCO E&C 14 Income (KRW bil., %) Revenue & OP by Segment (KRW bil.) Revenue Operating Profit OP Margin QoQ Q1 2024 Q4 2024 Q1 2025 QoQ Revenue 2,453 2,251 1,814 △437 1.4% Plant 854 467 420 △47 1.3% +4.1%p △2.8% Infrastructure 326 354 240 △114 Construction 1,278 1,435 1,099 △336 2,453 Consolidated A
Slide 15: ESG Management Human Rights Management System
ESG Management Human Rights Management System 15 The chairman and the CEOs of 6 affiliates unveiled the POSCO Group Human Rights Commitment and defined the Human Rights Management System The Human Rights Management TF ensured compliance with the international standards, rules and laws on human right
Slide 16: Appendix
Appendix 16 Summarized Income Statement Summarized Balance Sheet
Slide 17: Summarized Consolidated Income Statement
Summarized Consolidated Income Statement 17 (KRW bil.) Category Q1'24 Q4'24 Q1'25 QoQ Revenue 18,052 17,805 17,437 △368 Gross Profit 1,329 1,083 1,336 253 (Gross Margin) 7.4% 6.1% 7.7% +1.6%p SG&A 746 987 767 +220 Operating Profit 583 95 568 +473 (Operating Margin) 3.2% 0.5% 3.3% +2.8%p Profit Befor
Slide 18: Summarized Consolidated Balance Sheet
Summarized Consolidated Balance Sheet 18 (KRW bil.) Category Q1'24 Q4'24 Q1'25 QoQ Current Assets 46,799 44,030 44,291 +261 Cash Balance* 17,883 14,802 15,497 +695 Accounts Receivable 11,675 10,822 11,139 +317 Inventories 13,975 14,143 13,319 △824 Non-Current Assets 56,497 59,374 57,833 △1,541 Tangi