POSCO

A005490
End-of-day quote. End-of-day quote  - 11/25
245000KRW +0.20%

POSCO : 2020 3Q Earnings Release

10/22/2020 | 09:45pm

3Q 2020 Earnings Release

October 23, 2020

Disclaimer

This presentation was prepared and circulated to release the informations regarding the company's business performance to shareholders and investors prior to the completion of independent auditing for the period of the third quarter of 2020. As figures in this presentation are based on unaudited financial statements, certain contents may be subject to modification in the course of independent auditing process.

This presentation contains certain forward-looking statements relating to the business, financial performance and results of the company and/or the industry in which it operates. The forward-looking statements set forth herein concern future circumstances and results and other statements that not historical facts, and are solely opinions and forecasts which are uncertain and subject to risks. Therefore, the recipients of this presentation shall be aware of that the forward-looking statements set forth herein may not correspond to the actual business performance of the company due to changes and risks in business environments and conditions.

The sole purpose of this presentation is to assist persons in deciding whether they wish to proceed with certain investments to the company. The company does not make any representation or warrant, expressly or impliedly, as to the accuracy and completeness of this presentation or of the information contained herein and shall not have any liability for the information contained in this presentation.

3Q20 Earnings Release │ Oct 23, 2020

Contents

  • 3Q 2020 Business Performance
    • Parent Performance
    • Consolidated Performance
    • Subsidiary Performance
  • Key Business Activity
  • 2020 Business Outlook

3Q20 Earnings Release │ Oct 23, 2020

4

Parent Performance_Production / Sales

Production

(thousand tons)

9,554

QoQ

9,498

+1,705

7,793

Crude Steel

9,038

8,903

+1,051

7,852

Product

'19.3Q '20.2Q '20.3Q

  • Production of crude steel and products recovered on
    Gwangyang #3 Blast Furnace's operation start and rebound of order volume similar to 3Q19

·(Iron & Steel-making Processes) Operation of G) #3 Blast Furnace started on July 10 after revamping

  • (Rolling Mills) Productionincreased with CR/CG order picked up
    • HR +247, CR/CG +867, Plate +73 thousand tons, etc.

[Product Production]

(thousand tons)

'19.3Q

'20.2Q

'20.3Q

QoQ

Carbon

8,536

7,460

8,478

+1,018

STS

502

392

425

+33

Sales

(thousand tons, %)

QoQ

8,952

8,894

+1,132

Sales Volume

7,762

Domestic

55.6

54.5

53.6

-0.9%p

Sales Ratio

WTP

29.9

23.8

25.2

+1.4%p

Sales Ratio

'19.3Q

'20.2Q

'20.3Q

  • Shipments recorded 3Q19 level with strong sales of high margin products incl. CR/CG backed by demand recovery in auto sector

·Product sales increase (thousand tons) : CR/CG +735, HR +347, etc.

·WTP sales (thousand tons) : '20.2Q) 1,711 → 3Q) 2,142 (+431)

Sales volume to auto industry (thousand tons): 464 → 750 (+286)

[Product Sales]

(thousand tons)

'19.3Q

'20.2Q

'20.3Q

QoQ

Domestic

4,973

4,234

4,770

+536

Export

3,979

3,528

4,124

+596

Inventory

1,220

1,121

1,038

-83

*WTP(World Top Premium) includes World First/World Best products

3Q20 Earnings Release │ Oct 23, 2020

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

POSCO published this content on 23 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2020 01:44:04 UTC

© Publicnow 2020
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