#1POSCO GROUP 2021 posco With POSCO#2POSCO PRESENTATION CONTENTS POSCO 01-04 POSCO 05-11 POSCO 12 - 31 Key Overview Vision Business Activities 32-39 POSCO Affiliates 40-57 POSCO Group 02 Management Philosophy 06 Steel 13 Business with POSCO 33 Milestones 03 POSCO Charter of 07 Mobility Materials/Construction Materials/ Green Energy Materials/ Smart Factory Venture Platform/ Shared Growth Corporate Citizenship POSCO Highlights 04 Global Infra 22 Society with POSCO 35 Five POSCO 08 LNG Business/Agro-Resources Business/ Construction Business Social Contribution/ POSCO 1% Sharing Foundation Corporate Citizenship Brands New Growth 28 People with POSCO 37 Safety Management 09 Lithium Ion Battery Material Business/ Hydrogen Business Recruitment/Talents/ Organizational Culture Environmental Management 10 POSCO Group Vision 11#3POSCO Overview POSCO Group Milestones POSCO Highlights CAL KORY#4POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO Group POSCO Group at a Glance POSCO Group CO W Steel 49% W No. of Employees 63,000 Korea 35,000 | Overseas 28,000 Revenue(KRW, trillion) 57.793 Global Infra New Growth 49% 2% * Total sales figure 52 Country Presence Pohang Steelworks Gwangyang Steelworks Operating Profit(KRW, billion) 2,403 (in 2020) 162 Overseas Subsidiaries 33 Domestic Affiliates 00 Status of POSCO No. of Employees 36,124 Korea 17,937 | Overseas 18,187 Revenue(KRW, trillion) 26.509 Operating Profit (KRW, billion) 1,135 (in 2020) 02#5POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Milestones A history of passion and challenge Milestones 1960s - 1968.4.1 Founded Pohang Iron and Steel Co., Ltd. 1970s 1970. 4. 1 Began the construction of Pohang Works Phase 1 1980s 1981.2.18 Completed the construction of Pohang Works Phase 4 1973.6.9 Performed first tapping from Pohang Blast Furnace No. 1 - 1987.5.7 Completed the construction of Gwangyang Works Phase 1 1990s - 1992. 10. 2 Completed the integrated construction in time to celebrate the quarter-century of Pohang Iron and Steel Co., Ltd. 1994. 10.14 Became the first Korean company to be listed on New York Stock Exchange 2000s 2000. 10.4 Completed the company's privatization 2002. 3. 15 Changed the company name to POSCO 2010s 2019.7.1 Became the first Korean company to be selected as "Lighthouse Factory" by World Economic Forum (WEF) 2019. 7.25 Proclaimed the POSCO Charter of Corporate Citizenship 2020s - 2020. 10. 28 Selected as the most competitive steelmaker in the world for 11 consecutive years by World Steel Dynamics (WSD) 2021.2.18 Launched ESG Committee - 1988. 6. 10 Listed on Korean stock market (First National Stock) | Five major group affiliates established and launched 1971. 5. 13 Established POSCO CHEMICAL (formerly) Pohang Industrial Furnace Co., Ltd. 1994. 12.1 Established POSCO E&C (formerly) POSCO Development 2005. 9.9 Established POSCO ENERGY (formerly) KYUNG-IN ENERGY Development Co., Ltd. 2007.5.30 Completed the construction of the world's first commercialized FINEX facility 2019. 10.3 Reached 1 billion t in cumulative steel production • 2010. 1. 22 Established POSCO ICT · 2010.11.1 Established POSCO INTERNATIONAL (formerly) DAEWOO INDUSTRY Co., Ltd. 03#6POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO Highlights A record of endless change and innovation POSCO Highlights D Annual steel production ‣ 40,580,000 tons 6th in the world World Steel Association (WSA) 2020 Global Metals Awards Winner in Steel Industry Leadership S&P Global Platts 2020 The most competitive steelmaker in the world 11 consecutive years World Steel Dynamics (WSD) 2010-2020 An innovator of global manufacturing's future Selected as "Lighthouse Factory" World Economic Forum (WEF) 2019 High ranks by major ESG evaluators A Korea Corporate Governance Service (KCGS) Bronze Dow Jones Sustainability Indices (DJSI) BBB Morgan Stanley Capital International (MSCI) 04#7POSCO Vision Management Philosophy POSCO Charter of Corporate Citizenship Safety Management Environmental Management Five POSCO Corporate Citizenship Brands POSCO Group Vision 05#8POSCO Business Key Activities POSCO Affiliates POSCO Overview POSCO Vision Management Philosophy Building a Better Future Together Building a Better Future Together Management Vision Fields of Activities With POSCO POSCO Talents Talents with the mindset of action, consideration, and creativity BUSINESS Business Parthers SOCIETY PEOPLE Social Communities and individuals (Partner Companies, Client Companies, Suppliers) POSCO Group Executives and Employees (Local Communities and Residents) Code of Conduct Shiljil Shilhaeng Substance Execution Shilli Practicality • Practice of fairness, transparency, ethics Shared growth • Best products and services •Contribution to addressing social issues with empathy . Development of local communities and environmental management •Participation in philanthropy •Creation of a safe and pleasant work environment • Fair HR affairs and stable labor-management relations • Embracing diversity and striving for work-life balance at workplace 82 Core Values Safety Win-Win Ethics Creativity 06#9POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Charter of Corporate Citizenship POSCO Affiliates POSCO Charter of Corporate Citizenship POSCO Charter of Corporate Citizenship Companies achieve lasting growth and sustainability by pursuing harmony within the society where businesses operate. As a member of the social community, companies who have benefited from resources provided by the society should look beyond profit, engage in addressing social issues, and contribute to the prosperity of mankind and to making the world a better place. We believe that this is the right way to move forward. POSCO, Under its management philosophy of "Corporate Citizenship: Building a Better Future Together," POSCO will engage and communicate with all stakeholders, including customers, employees, and shareholders, and continually seek changes and innovation in pursuit of sustainability by ultimately creating greater value for the company. Accordingly, POSCO, that embraces Corporate Citizenship, complies with the following principles when conducting business. 11 We nurture a robust business ecosystem with business partners. -We practice the values of fairness, transparency, and ethics across all business activities. -We pursue collaboration and mutual growth with partners and suppliers based on a culture of consideration and respect. - We support customer success by providing the finest products and services. We are at the forefront in addressing social issues and making society better. -We take a leading role in confronting social challenges at the corporate level with a sense of empathy. -We carry out activities for the common good for the development of local communities and environmental protection. -We actively participate in philanthropy as part of our commitment to sharing with our neighbors and the society. We foster a happy and fulfilling workplace by creating a corporate culture based on trust and creativity. -We create a safe and pleasant working environment to promote the health and well-being of our employees. - We pioneer a corporate culture of trust and harmony through fair HR management practices and stable labor relations. - We create a great workplace where diversity is respected and a healthy work-life balance can be realized. * Charter of Corporate Citizenship Proclamation: July 25, 2019 07#10POSCO Overview POSCO Vision POSCO Business Five POSCO Corporate Citizenship Brands Key Activities POSCO Affiliates A Company You Want to Be With Five POSCO Corporate Citizenship Brands We are engaging in five brand activities for corporate citizenship that all interested parties sympathize with to realize corporate citizenship management philosophy. Our goal is to grow as a respected company everyone wants to work with and a 100-year company by participating in resolving our current social issues and seeking and carrying out our corporate role to better society. SIGNATURE BRAND Green with POSCO Together with POSCO Challenge with POSCO TOWERS SOREN NO Life with POSCO 3 Community with POSCO A company you protect the environment with Declaring to achieve carbon neutrality by 2050 and encouraging daily changes for carbon neutrality as a corporate citizen A company you want to work with Expanding "corporate citizenship-based shared growth," seeking economic and social values together A company you want to grow together with Laying the foundation to discover new growth business to ensure 100 years for the company by building the POSCO Venture Platform A company you build a future together with Providing the infrastructure and programs to make cities where it is good to give birth and raise children A company you engage with for the local community Presenting a model where the company and society develop together by tackling various social problems 08#11POSCO Overview POSCO Vision POSCO Business Key Activities Safety Management POSCO Affiliates Top Priority in Management Activities Top Priority in Management Activities: Safety Organization Operate an emergency safety response improvement group Examination of production process and intensive identification of risk + | Six Intensive Measures for Stronger Safety Management From "priority in production" to "priority in safety!" An exclusive provision for the right to refuse unsafe work Investment KRW 1 trillion by 2023 Full examination of risky and outdated facilities, additional CCTV installation, and establishment of training infrastructure Anonymous safety report system Corporate management paradigm shift Worker rights guaranteed A report system for employees and staff Priority Management, "Safety" We seek to examine our safety measures at the very source and establish a special measure for safety management and six intensive measures to create a workplace where everyone is safe and an environment where everyone can be happy. + Safety Competence Safety training for all employees Specialized training for each task group and position, and fostering the experts in process safety management Safety smart infrastructure Strengthened safety management support for partner companies Enhanced employee safety training Smart safety equipment distributed and applied Dedicated support for partner company safety management established A systematic safety training infrastructure built 09#12POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Environmental Management Top Priority in Management Activities Top Priority in Management Activities: Environment POSCO Low Carbon Future Strategy Green Process Development of Carbon Capture, Utilization, and Storage (CCUS) technology Commercialization of Hydrogen Reduction (HyREX) technology Green Product Low-carbon steel products Lithium-ion battery materials Green Partnership Public disclosure of carbon information Climate change partnership POSCO's 2050 Carbon Neutrality Declaration In December 2020, POSCO declared its commitment to become carbon neutral by 2050. We are proactively responding to climate change. Based on hydrogen reduction steelmaking technology, POSCO's carbon net-zero roadmap at operation sites aims to reduce emissions in phases: 10% by 2030, 50% by 2040, and net-zero by 2050. In parallel with work site carbon abatement efforts, we have set a goal to achieve avoided emissions (10% by 2030) by introducing low-carbon alternatives and recycling manufacturing by-products. 10% 2030 50% 2040 Net-Zero 2050 * Reduction against the average operation site emissions (78.8 MtCO2) in 2017-2019 10#13POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO Group Vision Leading Change with an Innovative and Creative Mindset A Leader in Environmentally Friendly Materials Steel A challenge that overcomes all limits Group Business Structure Reorganization At the transitory point toward the megatrend of low-carbon, environmental business, POSCO Group seeks to take the step beyond steelmaking to reorganize its business structure around Green & Mobility industries and take the leap toward leading an environmentally friendly industry. Green & Mobility New changes for future growth The greatest premium steel products in the world The most competitive steelmaker in the world EV materials & components Leader of the Green & Mobility industries, e Autopos Green energy materials Materials for Wind, photovoltaic, LNG, and hydrogen service Lithium-ion battery materials A value chain from the raw materials to Lithium Ion battery materials Hydrogen business Intensive group-wide focus on new growth engine industry 11#14POSCO Business Steel Mobility Materials Construction Materials Green Energy Materials Smart Factory Global Infra New Growth LNG Business Agro-Resources Business Construction Business Lithium-ion Battery Materials Business Hydrogen Business 12#15POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Steel Mobility Materials Mobility Materials Evolution of Steel, e Autopos which leads the World in Green & Mobility As a well-prepared player for the green mobility era, POSCO group provides steel products and battery materials for EV along with customized application technologies under its green mobility product and solution brand "e Autopos" and plays an important role in the future market of electric vehicles. e Autopos The name of POSCO's electrification solution and the leading force in green mobility through eco-friendly focus, cooperative synergy, and future-oriented innovation Innovative Eco-friendly Synergic 13#16POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Steel Mobility Materials Mobility Materials e Autopos Integrated Solution Automotive Steel for BIW & Chassis Utilization of Giga Steel Maximized mileage and performance of EV with an optimal lightweight BIW and Chassis Materials for Battery Pack Giga steel frame battery housing Maximized battery capacity with increased strength and minimized weight. Fuel Cell Electric Vehicle Bipolar Plate Bipolar plate for FCEV High efficiency and high performance bipolar plate with excellent corrosion resistance and electric conductivity Hyper NO for Traction Motor Self-bonding, laminated motor core technology Reduce noise and vibration and increase a mileage by minimizing power loss Battery Material Cathode and anode materials Use green materials to provide high-quality battery materials for greater efficiency 14#17POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Steel Construction Materials Construction Materials Lead the future of innovation with premium construction steel INNOVILT is a premium brand of steel products for construction certified by POSCO. It is a new paradigm that leads the innovation in construction industry based on synergistic cooperation between POSCO and its clients. From builders to end-users, INNOVILT provides trustworthy solutions backed by the excellence of POSCO premium steel. INNOVILT A premium construction material brand based on innovative technology and the environmentally friendly, future-oriented value of steel Hi - Tech Creativity Sustainability Partnership#18POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Steel Construction Materials Construction Materials INNOVILT Leads Innovation Structural Performance and Cost Efficiency World best built-up H-beam Pos-H Inverted triangular deep deck plate D-Deck 원가절감 10 Pos-H 공기단축 보간적 최대화 D-Deck Fire and Earthquake Safety Semi-slim concrete-filled steel composite beam with reduced depth AU-Beam Concrete-Filled Tube column system for reduced time and cost ES-Column BRITS EN20% AU-Beam ES-Column High Performance and Sustainability Freeform space-frame structure Fast installation and economically efficient POSPACES Corrugated Steel Plate Lightweight steel pipe truss soundproof tunnel PosLST Flexibility and Adaptability Slim and strong profiles for irregular-shaped buildings Steel Curtain Wall system 20 스틸커튼월 20% POSPACES * 평가 20% 파형강판 2545% NISHIN 강관트러스 방울터널 16#19Key Activities POSCO Affiliates POSCO Overview POSCO Vision POSCO Business Steel . Green Energy Materials Green Energy Materials Multicore Profit Basis with Green Energy Materials POSCO Group is stepping up its efforts to develop green steel and hydrogen material solutions to secure its leadership in new and emerging green markets. We have established a renewable energy cluster and a distinguished environmentally friendly solution to consolidate our competitive advantage in the steel industry of the future. Materials for Wind and Photovoltaic Power Generation Materials for LNG Industries Materials for Hydrogen Service IT TT 17#20POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Steel • Green Energy Materials Green Energy Materials Green Energy Materials | Materials for Wind and Photovoltaic Power Generation | Materials for LNG Industries Transportation and Fuel Vessel | Materials for Hydrogen Service Transportation and Storage Wind turbine motor Low core loss electrical sheet Wind tower High-strength steel for wind power generation PV panel support structure PosMAC Wind turbine bearing Bearing wire rod Wind power generator bolt CHQ wire LNG ILSHIN H2 STATION H2 STATION H2 STATION • Cryogenic steel for LNG tanks (High-Mn, 9% Ni, STS) ⚫Shipbuilding structural steel (plate) LNG Terminal • Steel for high pressure gaseous hydrogen (Resistance to hydrogen embrittlement) .Steel for liquid hydrogen (Low temperature toughness), •Steel for aqueous hydrogen compound (Corrosion resistance) Fuel Cell Electric Vehicles • Cryogenic steel and high-strength cable/ piping for LNG storage tanks • Seawater corrosion resistance steel for berthing facilities . High-conductivity and corrosion-resistant STS for fuel cell separators 18#21POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Steel Smart Factory Smart Factory Innovative Futuristic Steelworks Smart Factory POSCO was chosen by the World Economic Forum to be the first Korean "Lighthouse Factory" manufactuer in July 2019, in recognition of its successful implementation of the smart factory. POSCO is implementing a smart production system that collects field data with loT technology, analyzes and predicts processes based on big data, and automatically controls processes using artificial intelligence technology. What is a Lighthouse Factory? A factory that is leading the future of manufacturing innovatively like a lighthouse that guides ships in the dark at night by actively incorporating core technologies of the Fourth Industrial Revolution, such as the Internet of Things, artificial intelligence, and big data. po co 19#22POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Steel Smart Factory Smart Factory Smart Factory Vision POSCO's Smart Factory continues to innovate with the goal of building an eco-friendly steel mill, creating a safe workplace, and growing together with customers beyond improving its own productivity. Smart Factory Maximizing Productivity and Efficiency Improving molten iron production Reducing main process time Improving quality and reducing costs SMART FACTORY Ô Management B&C Creating Value for Customers and Partners Supporting smart factory construction Providing high-quality steel materials and solutions Contributing toward the growth of industrial ecosystem and creating jobs Smart B&C Smart Energy Eco-friendly Steelworks Reducing the amount of environmental pollutants Pre-control and reduction of NOx emission Realizing Smart Safety Creative Workplace Smart watch for real-time detection of worker's physical abnormalities Introduction of facility inspection drones and fire detection robots Smart CCTV for detecting dangerous behavior of workers 20#23POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Steel Smart Factory Smart Factory Al Smart Steelworks 00 10 01 02 Collection Internet of Things (IoT) 03 POSCO is expanding its smartization to entire value chain based on the results of smart technology development for unit processes and facilities. Pushing for platform-based connectivity from customer orders to delivery, POSCO improves the efficiency of the entire process and creates a safe artificial intelligence workplace. Analysis Big Data - 04 Control Artificial Intelligence (AI) 夜 05 90 06 90 01 Production plan Automatic design of small lot orders Reduction in process time 02 Iron-making Increasing molten iron using Al blast furnace 03 Steel-making Automated and intelligent application of high-quality molten steel production 04 Rolling Establishment of world's first hot-rolling smart integrated workroom 05 Plating Ultra-precision coating weight control and remote control of overseas businesses 06 Delivery Data-driven inventory forecasting to ensure timely delively 21#24POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Global Infra LNG Business LNG Business Preparing for Net Zero 2050 through Green LNG Solution POSCO Group has selected the liquefied natural gas (LNG) industry as a core growth engine for the group because LNG is considered an alternative energy for coal and sought to reorganize its business structure and increase its investments thereto. From exploration and production to shipping, trading, and power generation, we aim to expand our business area and the gas value chain globally. POSCO Group LNG Business POSCO INTERNATIONAL www POSCO ENERGY LNG Exploration & Trading + Bunkering LNG Terminal LNG Power Generation Production (E&P) 22#25POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Global Infra LNG Business LNG Business Completing the Gas Value Chain from Production to Generation UPSTREAM Exploration & Production Liquefaction Shipping Myanmar Gas Field Korea's largest overseas E&P operator MIDSTREAM L NG DOWNSTREAM Vaporization Transportation (Pipeline) Power Generation Participation in Oman LNG Liquefaction Plant Korea's Top LNG Trader (2.8 million Ton, 2020) Gwangyang LNG Terminal (Korea's first private LNG Terminal, 730,000 kl storage capacity), Bunkering Facility (planned) Myanmar-China Gas Pipeline (903 km) Korea's first & largest Incheon LNG Combined Cycle Power Plant (Capacity: 3,412 MW) 23#26POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Global Infra + Agro-Resources Business Grain Trading and Agro-Resources Development Global Grain Trader Agro-Resources Business POSCO Group has selected the agro-resources business as one of the growth engines of the group because the business has the potential for expansion in demand and trade as a result of global population increase and economic development, and has expanded the investment and infrastructure in this field. As one of the largest Korean trading companies involved in the agro-resources business, we seek to develop our public-private partnership to expand the domestic market and contribute toward Korea's food security, and utilize our expertise to expand our value chain and thereby expand our size and profitability at the same time. POSCO Group Food Businesses Around the World Ukraine Sales through the owned export terminal by sourcing Ukrainian grains, such as corn, wheat, barley etc. Myanmar Rice processing plant construction and rice sales Indonesia Oil palm plantation Edevelopment and operation 24#27POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Global Infra + Agro-Resources Business Grain Trading and Agro-Resources Development Constructing a Global Grain Value Chain ☑ Plantation-Based Value Chain Processing-Based Value Chain Distribution-Based Value Chain Oil Palm Plantation in Indonesia A sustainable oil palm plantation with crude palm oil (CPO) mills located at Papua Province, Indonesia, serving the domestic and export markets of CPO that is widely used for food products, biofuel, and other industrial purposes Rice Processing Plant in Myanmar A processing plant and a core component of POSCO rice value chain that handles storage, selection, and polishing of rice produced in Myanmar Grain Export Terminal in Ukraine An export facility handling nearly 2.5 million tons of grains from Ukraine, one of the foremost new exporters of grain in the world, that controls grain qualities and provides service for prompt transshipment. 25#28POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Global Infra Construction Business Construction Business Building Value and Innovation Together Smart Constructions POSCO Group's global top-tier steelwork plant technology gives it a significant edge in energy, environment, and other areas. Based on our expertise, we build relationships of trust with our clients in various fields, including residence and skyscraper construction and urban development. By realizing a system of smart construction, where Al technology is applied to all processes involved, we bring a future where our workers can work in safety and our customers get their satisfaction into reality. Major Businesses in Construction Industry Plant Infrastructure Urban Development & Architecture 26#29POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Global Infra Construction Business Construction Business Future Values through Smart Construction CSP Integrated Steel Plant (Brazil) Facility Capacity 3 million tons/year Plant Infrastructure Urban Development & Architecture Colon Combined Cycle Power Plant & Jido-Imja Road (Korea) LNG Terminal (Panama) Facility Capacity Power plant 391 MW LNG terminal 180,000 m² Construction Scale Length 4.99 km (Cable-stayed bridge 1.9 km) Krakow Waste-to-Energy Plant (Poland) Production & Processing Capacity 10.7MWh/year 220,000 tons/year Songdo International Business District Urban Development (Korea) Land Size 5.8 million m (Public, business & commercial, residential, education, athletics facilities etc.) Haeundae LCT (Korea) Construction Scale 5 stories underground and 101 stories aboveground 27#30POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates New Growth - Lithium-ion Battery Material Business Lithium-ion Battery Material Business The Engine of POSCO's Future, Lithium-ion Battery Material Business Faced with the megatrends of low-carbon and green technologies, POSCO Group seeks to become a leading company in the green industries, such as Lithium-ion battery materials and hydrogen cells, beyond the steelworks. As a supplier of materials used for Lithium-ion batteries, POSCO completed the world's only integrated supply system for Lithium-ion batteries in conjunction with POSCO CHEMICAL, thereby establishing a powerful engine for its growth in the future. Integrated Supply System for Lithium-ion Battery Material Lithium Australian mines, Argentinian Salt lakes Nickel Australian, Indonesian mines, Recycling Graphite Diversification of sources, including Australia and Africa POSCO Group Battery Producer 4 Cathode Material Lithium-ion Battery Anode Material 28#31POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates New Growth - Lithium-ion Battery Material Business Lithium-ion Battery Material Business Lithium-ion Battery Material Value Chain 2030 The world's only company that has completed a value chain, producing from raw materials to cathode, anode materials POSCO POSCO Chemical Global Market Share Annual Sales(KRW) Lithium 220,000 t per year, nickel 100,000 t per year Cathode materials 400,000 t per year, Anode materials 260,000 t per year 20% W K 23 萬 trillion 2018 2019 2020 2021 Li Acquired Argentina's salt lake, Salar del Hombre Muerto Total content 13.5 million t - Total value amounting to KRW 35 trilliona (in March 2021 market prices) - One of the highest lithium concentration In the world (921 mg/L) Constructed Gwangyang Cathode Plant (5,000 t) Expanded Sejong Natural Graphite Anode Plant (20,000 t) Reached the natural graphite production capacity of 44,000 t Established POSCO Group Lithium-ion battery material research center Joint venture between POSCO RIST POSCO CHEMICAL Entered into the battery recycling business Nickel, lithium, and cobalt extraction contributes to the environmentally friendly resource cycle Expanded Gwangyang Cathode Plant (25,000 t) Started the expansion of Sejong Natural Graphite Anode Plant (15,000 t) and the contruction of Pohang Artificial Graphite Plant (8,000 t) Ni Entered into the lithium extraction business Started the construction of Gwangyang Hardrock Lithium and Argentina brine Lithium Plant Secured natural graphite for anode production Acquired 15% share in Black Rock Mining Ltd, a mining company owning graphite mines in Tanzania Secured nickel materials for Cathode production Acquired 30% share in Ravensthorpe Nickel Operation, Australia Changes made to SNNC facilities will allow annual Nickel Sulphate production of 20,000 t per year 29#32POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates New Growth Hydrogen Business Hydrogen Business The Next-Generation Green Energy Source Hydrogen Business POSCO Group seeks to focus the group's capabilities toward the development of its hydrogen business as the premier green energy source of the future in accordance with its 2050 Carbon Neutrality Declaration. To that end, the group is now expanding its business to encompass hydrogen value chains in its bid to become a leading enterprise in the new hydrogen economy. We at POSCO Group plan to realize the idea of a green hydrogen-based HyREX system in our steel business by the year 2050, thus opening the door for the age of post-carbon hydrogen in steelmaking and fostering the growth of the hydrogen ecosystem across our entire value chain. POSCO Group Green Hydrogen Business Model Photovoltaic & wind power generation Production Transportation & Storage Utilization Hydrogen station Electrol ysis Ammonia synthesis > Transportation > Storage Ammonia reform-based Hydrogen production Hydrogen-based power generation HYREX 30#33POSCO Overview POSCO Vision Hydrogen Business POSCO Business " Key Activities POSCO Affiliates New Growth Hydrogen Business Hydrogen Business Vision 2050 Nurture hydrogen business as the core business of the group's future Sales(KRW) Production(ton) 5 Million W 30 tril trillion Hydrogen Power Generation Early transition to green/blue hydrogen Fuel cell, ammonia/hydrogen co-firing Stage 3 Hydrogen Mobility Changing group vehicles to hydrogen power Changing steel logistics vehicles to hydrogen power Operation of byproduct hydrogen station Stage 2 CO2 free hydrogen production Stage 1 Byproduct hydrogen production 70,000 ton 2025 500,000 to 2030 Domestic Market Share 30% Hydrogen Reduction (HYREX) Transition to HYREX process Green hydrogen supply 2 million ton 2040 31#34Key Activities Business With POSCO Society With POSCO People With POSCO Venture Platform Shared Growth Social Contribution POSCO 1% Sharing Foundation Recruitment Talents Organizational Culture 32 22#35POSCO Overview POSCO Vision POSCO Business Key Activities Venture Platform POSCO Affiliates Business With POSCO Venture Platform A Venture Platform to Discover New Growth Engines POSCO established the venture platform, a venture valley based on robust industry- academy-research infrastructure, and venture fund to respond to the rapidly changing environment and acquire new engines of growth in future. This is intended to lead the innovation and growth of POSCO Group. POSTECH *RIST Pohang Accelerator Labratory POSCO Venture Platform A platform that fosters and invests in venture companies utilizing POSCO Group's infrastructure and capabilities Industry Academy Research cooperation - Establishing a new future-oriented industry-academy-research cooperation system Venture Valley Commercialization of excellent R&D results - A globally leading startup infrastructure system - Offering incubating center and value-up programs + Venture Fund *58 new companies in incubation or support in Venture Valley (2020) *Discovering and fostering promising venture companies twice a year (15 companies in 2020) -Optimized funding for all corporate growth cycles - Investment in distinguished venture companies, for both emerging fields and group strategic areas 186 companies/KRW 248.4 billion in investment (2020) New Business Development POSCO Group + Strengthening competitiveness in main business *POSTECH: Pohang University of Science and Technology RIST: Research Institute of Industrial Science and Technology 33#36POSCO Overview POSCO Vision POSCO Business Key Activities Shared Growth POSCO Affiliates Business With POSCO Shared Growth Growing Together with POSCO To respond to the heightened expectations of the society and to the changes in the management environment POSCO has established seven signature programs to develop new values of win-win growth with our partners and establish a robust ecosystem of a virtuous cycle between economic and social values. Open&Fair Providing a fair opportunity trade Establishing practices of fair trade Innovation Taking safety and environment as priority in supporting innovative growth Community Participating in solving community problems through shared growth activities Open Sourcing Fair, Timely Payment Benefit Sharing 7 Signature Programs POSCO-Type Productivity Innovation Shared Growth Support Group POSCO Youth Dream Job Matching Corporate Citizen Friends e-Catalog System Establishing a fair trade culture Supporting improvement of technical capabilities Supporting smart systems in small and medium enterprises (SMEs) Providing POSCO expertise and knowledge New and alternative products promoted through online platform Subcontract win-win payment system and fair trade-focused bidding system 5,108 projects KRW 601.9 billion in achievement reward (cumulative result, 2004-2020) KRW 20 billion budget assigned over 5 year period, 2019-2023 ESG specialized consulting programs Creating jobs for youths Contributing to community problem-solving Recruitment of outstanding personnel in POSCO SME partners: 200 per year Overcoming COVID-19 improving safety and environment 34#37POSCO Overview POSCO Vision POSCO Business Key Activities Social Contribution POSCO Affiliates Society with POSCO ⚫ Social Contribution POSCO Grows Together with the Community We at POSCO recognize our social responsibility as growing together with our community. To that end, we seek to present a more systematic and strategic solution to the problems faced by the community as our members work together as members of corporate citizenship in social contribution activities. Local Communities Establishing sustainable local communities Future Generations & Vulnerable Groups Providing high-quality education, financial independence support, and job opportunities Executive & Employee Participants Participating in voluntary contribution activities by creating and managing social projects Member talent volunteering Volunteer activities that utilize the members talents and work at POSCO Supporting cultural activities and public art Providing high-quality cultural events and community promotion to offer diverse cultural contents Establishing a sustainable community Operating a free soup kitchens and rural village renewal projects to bridge the urban and rural areas 5,000 80 talent volunteer groups in 2020 16,202 participants / 68,261 hours POSCO Corporate Citizenship Cultural Concert 32,593 participants in 2019 코로나로 어려운 포함 취약계층 지원을 위한 SK-포스코 함께하는 희망 나눔 도시락 봉사활동 A total of 2,600 recipients in Pohang and Gwangyang offered with lunch boxes 3 times a week 35#38POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Society with POSCO POSCO 1% Sharing Foundation POSCO 1% Sharing Poscofoundation Together with POSCO 1% Sharing Foundation Member Participation Rate 98.7% No. of Contributors 35,090 The POSCO 1% Sharing Foundation is a non-profit public foundation established in 2013 with donations from the POSCO Group and partner company executives and employees through a voluntary 1% deduction from their salaries, along with the POSCO Group's Matching Grant. As of 2020, 98% of all POSCO Group executives and employees are participating in the program. Cumulative Donations (since 2013/KRW) W 65.31 billion No. of Recipients (since 2013/members) 122,868 (in 2020) Supporting Self-Sufficiency in Future Generation Main Activities of POSCO 1% Sharing Foundation - 1% Sharing Art School (art and cultural education in children's welfare centers) -Sangsang Isang Science Camp (basic science education for middle schoolers) Dream School (1:1 online learning support for community youth) - Do-Dream (self-sufficiency programs for young adults who exited from foster care) Supporting Self-Sufficiency for the Disabled - Hope Wings (assistive device support) -Hope Space (disability welfare facility improvement) -Assist Devices for Persons of National Merit, etc. Supporting the Self-Reliance of Multicultural Families - Marriage Migrant Women Job Training (high school diploma and IT education) Multicultural Youth Academic Support (career consultation, scholarships for excellent students) POSCO 1% Sharing Foundation Supporting Culture and Arts for the Underprivileged - CollaboArtion(Collaboration + Art) (popularization project for artists with disabilities) 36#39POSCO Affiliates People with POSCO • Recruitment POSCO Overview POSCO Vision POSCO Business Key Activities Recruitment Nurturing Specialized Talents for Corporate Citizenship | POSCO Talent Action-oriented Action Nurturing Talent Development Through Work + We at POSCO Group recruit talents who have the potential to grow into leadership roles in innovation and growth and nurture them to their potential through various programs so that they can grow in personality, sense of mission, and passion toward a true corporate citizen. Caring mind Consideration + Creative Creativity Project/Problem-based Learning Courses (Problem-solving techniques based on project links) Practice Feedforward PosTube(videos) (Job know-how sharing) Ongoing Work Support (Telephone-based coaching for field, customized learning, etc.) Development Through Network Mentoring/Coaching Interactive Learning Platform (On-demand mutual skill sharing) Diagnostics/Feedback (Assessment Center, multi-faceted evaluation, attribute diagnostics, etc.) Organizational Development and Communication Workshop Development Through Learning Development Course (Executives, Heads of Departments, Plant Leaders, Expatriates, etc.) Leadership Training (Newly hired employees to new representatives) Professional Job /Digital Training Personalized, Self-directed Training Mandatory /Regular Training Domestic/ Overseas Study Programs 37#40POSCO Overview POSCO Vision POSCO Business Key Activities People with POSCO Talents POSCO Affiliates Talent Training Field-Oriented Experts for the Digital Age POSCO Group seeks to train competitive talents for the future by using IT technologies to improve task structures and nurture the expertise of the members, including digital competence, and thereby establish the competitiveness of POSCO in the future in advance. | New collar level certification A 4-stage certification on data analysis and utilization with Level 01 Beginner Level 02 Semi-Expert Basics on Workbench, online and off-line training programs R or Pythone Courses Qualifying Data analysis and Coding Competency Level 03 - Expert Particitating in Smart Task (a collaborative Project) (Common) Mandatory e-learning (digital literacy mindset) for all employees | Development of Field-oriented Technical Professionals "POSCO Master's System" and "Technician Level (TL) System" are used to train our world-class field technicians Job Competence TL 1 Perform daily tasks with senior employee guidance TL 2 Support for other tasks in the organization Learn core skills & know-how TL 4 TL 3 Possible rotation work and emergency Korea's top technical expert response measures within the organization TL 5 Level 04 . Master ⚫ Serving as Task Leader role in Smark Task World-class technical expert POSCO Master Job Experience 38#41POSCO Overview POSCO Vision POSCO Business Key Activities Organizational Culture POSCO Affiliates People with POSCO Organizational Culture Creating a Corporate Culture of Trust and Creativity POSCO seeks to establish a corporate culture where all members can voice their opinions freely, and the diversity and cultural differences among the members are respected. We oppose any discrimination based on gender, nationality, race, or disability. Improving Member Improvement Young Board Operation Cooperative KPI / Point Family-Friendly Measures An annual "Great Work Place" (P-GWP) survey implemented for all members to diagnose and improve the corporate culture of the group The results of P-GWP survey that consists of five areas are delivered to each department to allow the members to shape their own "great work place" by themselves. The Young Board members are selected among office/engineer/field technician positions to facilitate communication with the millennials and the field. Various ideas of improvement and opinions are delivered to the highest-level management. Young Board activity results are used to strengthen steelworks safety, knowledge transference between groups, and other communication activities. Various cooperative work systems are operated to improve communication and harmony between organizations. Executive Cooperation KPI The Marketing - Research, Production - Marketing, and other inter-organizational goals that require inter-organizational cooperation are supported. Cooperation Point Gratitude between members in cooperation are relayed. The national-first to introduce a special Work Form Home (WFH) system for employees taking leaves of absence for childcare and family life Childcare WFH Program All members with children under the age of 8 can apply for work from home expansion underway for 15 group affiliates (February 2021) Pregnancy WFH Expanded to employees under fertility treatment 39#42POSCO Affiliates Selected as representative 17 group companies among affiliates based on the Fair Trade Act 40#43POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO INTERNATIONAL www.poscointl.com Beyond Trade, Pursuing FUTURE BUSINESS Business Area Trade, resource development, infrastructure development and operation *in 2020 Sales Operating Profit W 21,472.4 W 478.4 billion KRW billion KRW | History No. of Employees 9,330 "Globally integrated corporation" that creates the new future business POSCO INTERNATIONAL is the no. 1 general trading corporation in Korea, with a global marketing competence and 80 global networks worldwide. It is engaged in international trade in steel, automobile components, agricultural products, and investment business, building a value chain from resources development to the construction of power plants. members | Milestones 1967 Founded as DAEWOO INDUSTRY Co., Ltd. 1983 Passed USD 500 million monthly export mark for the first time in Korea 2004 Discovered Myanmar A-1 offshore gas field / Reported sales over KRW 5 trillion 2000 Spun off DAEWOO INTERNATIONAL Corporation from the DAEWOO Corporation 2011 Launched the palm oil plantation business in Indonesia 2013 Started Commercial Production at the Myanmar Gas Field 2010 Incorporated into POSCO Group, surpassed KRW 15 trillion in sales Launched Rice Processing Complex in Myanmar 2017 Completed the construction of Combined Cycle Power Plants (CCPP) in Talimarjan, Uzbekistan/Passed KRW 20 trillion mark in sales 2017 Consolidated POSCO DAEWOO (Merged with POSCO P&S) 2019 Completed the construction of a grain terminal in Ukraine (capacity 2.5 million ton per year) 2019 Renamed POSCO INTERNATIONAL 2020 Won the A+ rating at the Excellent ESG Company Awards, hosted by Korea Corporate Governance Service, for the second consecutive year 41#44POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO E&C www.poscoenc.com Smart Player in Steel Construction & Concession Business Area Steelworks, environment, energy plants and new town, skyscraper, SOC development "in 2020 Sales Operating Profit No. of Employees W 7,794.4 W 379.7 3,695 billion KRW billion KRW members Building a Better Future with Smart Construction POSCO E&C is based on a global top-tier steelwork plant technology with an expertise in building steel/ environmental / energy plants, and is now growing into a global engineering and construction company through SOC projects and new town developments, skyscraper construction, and all other areas of construction across the world. | History | Milestones 1994 Founded as POSCO Development Co., Ltd. 2006 Won contract for Ventanas coal-fired power plant in Chile (the first Korean construction company to enter Latin American market) 2002 Renamed POSCO Engineering & Construction Co., Ltd. Announced The # (The Sharp) apartment brand 2013 Completed Krakatau Integrated Steel Plant (Indonesia) 2016 Completed Krakow Waste-to-Energy Plant (Poland) 2003 Songdo International City project launched 2017 Completed CSP Integrated Steel Plant (Brazil) 2010 Company relocated to Songdo International City 2019 Completed the Haeundae LCT The Sharp project (Korea) 2013 Reached USD 10 billion in Latin America sales Won contract for the Sinansan line double track construction / (Korea) Seobu Inland Expressway projects 2017 Merged with POSCO Engineering Co., Ltd. 2020 Completed the Yeouido Parc 1 Project (Korea) 2020 Ranked 5th in construction capabilities in Korea Completed the Nampula-Nametil road construction project (Mozambique) Started the Sinbanpo 21st reconstruction project 42#45POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO CHEMICAL www.poscochemical.com Global Chemical & Energy Materials Leader Business Area Energy materials (cathode and anode materials), Refractories (production, furnace lining, repairs), chemical (lime, Coke) *in 2020 Operating Profit Sales W 1,566.2 W billion KRW billion KRW 60.3 No. of Employees 1,796 members | History 1963 Founded Samhwa Hwasung Co., Ltd. A global leading company in chemical and energy materials POSCO CHEMICAL creates market-leading products and services in chemical and material business, steadily establishing itself as Korea's foremost refractory and furnace lining company. Based on these achievements, the company is now branching into leadership in energy material business, including anode and cathode material production. | Milestones 2008 Commenced leasing operation of POSCO Lime business 2010 Acquired the anode material business / Entered the coal chemical business 1971 Founded Pohang Industrial Furnace Co., Ltd. 2015 First commercial production of needle cokes 2001 Renamed POSREC Co., Ltd., listed on KOSDAQ 2019 Merger with POSCO ESM, group energy material business consolidated Completed the 1st stage of Sejong Anode Plant 2 project (annual production system of 44,000 tons) 2010 Renamed POSCO Chemtech Co., Ltd. 2020 Completed the 2nd stage of Gwangyang Cathode Plant project (annual production system of 40,000 tons) Started the construction of artificial graphite anode material plant 2019 Renamed POSCO CHEMICAL Established the P&O Chemical (subsidiary specializing in Hydrogen Peroxide) 43#46POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO ENERGY www.poscoenergy.com Global Comprehensive Energy Company Focused on Gas & Power Business Area Power generation, gas, new renewable energy, resource circulation "in 2020 Sales Operating Profit W 1,516.6 W 241.0 billion KRW billion KRW No. of Employees 495 members Providing a cleaner energy for a brighter future POSCO ENERGY has served as a provider of stable electric power to metropolitan areas for more than 50 years, becoming Korea's largest independent power producer through the operation of our off-gas combined cycle power plants as well as a coal-fired thermal power plant. We are further expanding into gas power businesses through the direct importation of LNG and smart solutions. | History | Milestones 1969 Established Kyung-In Energy Development Co., Ltd. 1968 2010 Became the first company to acquire private energy generation permit in Korea Completed Gwangyang Off-Gas Combined Cycle Power Plant pho 2011 Completed Units 5 and 6 at Incheon LNG Combined Cycle Power Plant 2005 Renamed as POSCO POWER Co., Ltd. 2013 Completed the construction of Busan Solid Refuse Fuel (SRF) Power Plant 2014 Completed the entire Shinan Photovoltaic Power Complex Completed Tancheon Used Water Heat Energy Utilization Facility 2012 Renamed as POSCO ENERGY Co., Ltd. 2015 Completed Units 7,8 and 9 of Incheon LNG Combined Cycle Power Plant 2016 Recognized with presidential citation, "Government Award for Beloved Enterprise" 2019 Launched new fuel cell corporation named "Korea Fuel Cell" 2019 Started operations in Gwangyang LNG Terminal Started operations in Gwangyang LNG Terminal 44#47POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO ICT www.poscoict.com Digital Transformation Leading Company Business Area Smart factory, smart IT, EIC, industry convergence *in 2020 Sales W 964.2 billion KRW Operating Profit No. of Employees W 26.1 billion KRW | History 1979 Established POSCON 1989 Established POSDATA 1,877 members Leading the Fourth Industrial Revolution with ICT POSCO ICT leads in "smartization" efforts by applying premier technology such as loT, big data, Al, and block chain to existing industries such as steel, construction, and energy. Its cooperation with POSCO on smart factory technologies resulted in the world's first successful attempt to integrate smart applications within the steel industry, which has formed the basis of the company's entrance into the Smart Factory business. | Milestones 2013 Developed the world's 1st BC-PC Integrated System for steelworks 2014 Established the Electronic Toll Collection System (Hi-Pass) for 16 highways nationwide 2017 2010 Established POSCO ICT, a merged corporation of POSDATA and POSCON Launched the Baggage Handling System (BHS) for Incheonn International Airport Terminal 2 2012 Awarded with grand prize at the 1st Korea Knowledge Award 2018 Commercialized Al-based interactive Smart Home system 2020 2016 Developed Smart Factory platform "PosFrame" Cooperation agreement with Hyosung Group in the field of Smart Factory, supplied Smart Factory system for LS Nikko Copper Selected for Hanjin Group's Megahub Logistics Center project 45#48POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates SNNC www.snnc.co.kr The World's Best SNNC is a Global Leader in the Nickel Industry Business Area_Production and sales of ferronickel products and byproducts "in 2020 Sales W 698.7 billion KRW Operating Profit CO No. of Employees w 40.5 311 billion KRW members | History Lead the world's nickel industry with our technological excellence & knowledge! SNNC is the proud owner of the world's largest electric furnace in single-unit production capacity and the emerging giant of global Fe-Ni manufacturing. As the first company in Korea to produce and manufacture Fe-Ni products, it is a contributor of the state's effort to secure strategic minerals. | Milestones 2006 Established via POSCO-SMSP Joint Venture Agreement (JVA) 2008 Received Knowledge Economy Minister Commendation for the facilitation of free economic zone 2008 Initiated the first tapping from the electric furnace No.1 2009 Reached normal production capacity only 11 months after completion Received Prime Minister Award on "2009 Foreign Companies" Day 2011 Signed the Investment Agreement on Construction of the 2nd Nickel Refining Facility 2014 Completion of Ferronickel Plant No. 2, increasing the ratio of domestic supply in nickel alloy Received Strategy and Finance Minister Award on Taxpayer's Day 2014 Initiated the first tapping from the electric furnace No.2. 2019 2015 Completed Ferronickel Plant No. 2 Acquired Best Family Friendly Management Certification Received Grand Prize in "POSCO Family Safety Awards" and "POSCO Family QSS Awards" 46#49POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO C&C www.poscocnc.com Steel Design Solution Global Top Company Business Area *in 2020 Production of coated and colored steel Sales W EARNS 907.3 billion KRW W Operating Profit No. of Employees 16.9 billion KRW 415 members A distinguished steel design solution based on superlative coating technology Originally formed as a coated steel manufacturer of galvanized and aluminized steel sheets in Pohang Steel Complex, POSCO C&C is one of the most well-regarded producers of zinc-coated, aluminum-coated, and colored steel products in the world. | History | Milestones 1988 Originally established as Pohang Coated Steel Co. Ltd. 2002 Listed on stock exchange 471 2004 MICH 포스코강판 Completed No. 2 Plating CGL 2007 Reached a cumulative production of 10 million tons 2011 Awarded with the Export Tower Award for USD 400 million in export 2008 Renamed POSCO C&C 2013 ALCOSTA product line certified by the Ministry of Trade, Industry and Energy as a Global Product of Excellence 2018 Completed Premium CCL (No. 4) 2019 Developed fire-resistant colored steel 2019 Completed PosART Factory 2020 POSCO antibacterial colored steel received Hohenstein Quality Label 47#50POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO M-TECH www.poscomtech.com Create New Value of Steel with Packaging and Materials Business Area Steel product packaging, facility engineering, byproduct production *in 2020 Sales W 255.4 w Operating Profit 11.6 billion KRW billion KRW No. of Employees 1,023 members A happy company for workers, a dear partner for customers Over the last 30 years, the company has advanced in all areas related to raw steel material supply and steel packaging for POSCO and overseas steel mills. Since then, it is expanding to material businesses as well. POSCO M-TECH creates a synergistic effect between steel industries and leads the resource recycling business of the group. | History | Milestones 1973 Originally established as SAMJUNG Steel Company 1977 Completed the construction of aluminum plant (supplier of aluminum deoxidizer) 2001 Renamed SAMJUNG P&A 2007 포스코엠텍 2009 2005 Officially joined POSCO Group as a subsidiary The first company in Korean steelmaking to implement four-team double shift Selected as "Company of Excellence in Labor Culture" by the Ministry of Labor Developed the first robotized strapping system in the world (POSCO StrapMaster) 2011 Renamed POSCO M-TECH Co., Ltd. 2016 Commencement of consignment operation for POSCO's FeMn business 48#51POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO TERMINAL www.poscoterminal.com The Most Respected and Professional Logistics Company in North-East Asia Business Area CTS, loading, storage, unloading, and marine and inland transportation *in 2020 Sales W 146.5 billion KRW W Operating Profit 15.8 billion KRW | History 1984 Started CTS business (POSCO) No. of Employees 50 members Delivering happiness for our customers POSCO TERMINAL provides logistical services for delivering bulk cargo to customers via large vessels via Central Terminal System (CTS) bases in Gwangyang and Pohang, delivering coal and raw materials from international sites to Korea. | Milestones 2009 Awarded with the Export Tower Award for achieving USD 20 million in exports • 2003 Established POSCO Terminal (joint venture between POSCO and Mitsui) 2011 Awarded Grand Prize by Korea Financial Administration in Small Business Category Acquired the ISO 14001 certification 2005 Gwangyang CTS facility completed 2017 Reached 100 million ton of total sales volume / Completed the construction of 4 Silos in Gwangyang 2008 Expanded CTS business to Pohang 2018 Started the lease and operation of #7 berths from SNNC 2018 Signed the 2nd joint venture contract 2020 Acquired #7 berths from SNNC / Started the consignment operation of CTS Loading Berth in Gwangyang 49#52POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO CAPITAL www.poscocapital.com We are the Best Financial Company Business Area Venture/CVC *in 2020 W Sales 102.5 billion KRW W 47.7 billion KRW Operating Profit No. of Employees 48 members Finance which generates sustainable values POSCO CAPITAL is a stable shareholder-based financial company focusing on new technology, composed of POSCO and POSTECH. It was founded to discover and foster promising new technology companies and venture companies to lead the future paradigm of innovation. | History | Milestones 1997 Originally established as POSTECH Technology Investment (Registered as a small business startup investment company) 1999 Established 1st POSTECH Venture Fund Investment Association (KRW 9 billion) 2000 Launched Seoul Office (15th floor of West POSCO Center) 2010 Established POSCO Family Strategy Fund (KRW 80 billion) 2004 Registered as a credit finance company in new technology financial business 2015 Established Growth Ladder POSCO K-Growth Global Fund (KRW 66 billion) 2014 Renamed POSCO CAPITAL 2017 Established PCC Amberstone 1 Private Equity Fund (KRW 100 billion) 2019 Awarded with New Technology Financial Business Excellent Investor citation 2019 Reached KRW 2.3 trillion in AUM, operating profit of KRW 47.7 billion 50#53POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates PNR www.p-nr.com Global Leading Company in Iron Waste Recycling Business Area_DRI/HBI/MP production and sales using by-products from iron manufacturing *in 2020 Sales W 38.6 billion KRW Operating Profit W 1.8 billion KRW | History 2008 Established PNR Co. Ltd. No. of Employees 74 members Global Leader for the recycling of wastes from iron manufacturing PNR is a company growing into the leadership role in low-carbon green growth by recycling steelmaking byproducts into DRI, HBI, and MP products to be supplied to POSCO steelworks in Pohang and Gwangyang. | Milestones 2009 RHF plant completed in Pohang and Gwangyang 2011 Acquired the ISO 14001 certification (Environmental Management System) 2012 Awarded with USD 10 million Export Tower award 2012 Acquired the ISO 9001 certification 2013 Recognized as Excellent Workplace for Risk Assessment 2014 Awarded with the Excellence Award in POSCO Family Environmental Management Awards 2015 Awarded with provincial governor's citation for environment 2015 Acquired ILS certification and MP patents for RHF plants in Pohang and Gwangyang 2019 Recognized as a family-friendly enterprise 2020 Pohang RHF plant awarded with Pohang mayor's citation in Environmental Management 51#54POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates RIST (Research Institute of Industrial Science & Technology) www.rist.re.kr Future Technology Research Institute for Industrial Applications Business Area R&D, analysis, evaluation *in 2020 Sales W 91.33 billion KRW CO No. of Employees 370 members A research institute for innovative technologies, the leader of POSCO Group's growth, and the engine of national development From environmental research in industrial utilization of carbon dioxide to slag recycling to renewable energy, smart grid, and other energy-related research, Research Institute of Industrial Science & Technology (RIST) is now concentrating its capabilities toward developing innovative technologies. It is also working on material research, such as lithium and Lithium-ion fuel cell materials. | History | Milestones 1987 Originally established as an industrial science and 1990 technological research center (fully funded by POSCO) 1995 Designated as the nation's first authority for internationally accredited test by KOLAS in the field of metals 1993 Developed next-generation steel technologies, FINEX and Strip-Casting Developed variable nozzle-type air knife 2003 Developed Korea's first aseismatic reinforcing device 1996 Renamed as Research Institute of Industrial Science & Technology (RIST) 2008 Developed the world's first segment roll adjustment robot for casting plant & 5kW SOFC fuel cell stack production technology 2007 1999 Selected as an operator of the Business Incubator Center (first case in private research sector) by the Small & Medium Business Administration Founded subsidiary RISTecBiz 2012 Developed Korea's first mass-production technology for high formability titanium sheet for plate heat exchanger (PHE) (1st company specializing in new technology startups) 2014 Applied the RIST's NFP to POSCO 2009 Declared vision of the world's top commercialization research institute 2017 Commercialized the World's First Concentration Gradient NCM811 Cathode Material 2017 Founded subsidiary RISTVENTURE (new technology startup) 2018 Sold subsidiary RISTecBiz to SIMPAC Holdings (KRW 16.2 billion) 2019 Established Particulate Matter Research Center 2020 Implemented Ulleung-gun Sea Forest Establishment Project Established POSCO Group's Lithium-ion battery material research center 52#55POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO RESEARCH INSTITIUTE www.posri.re.kr Creative Think Leader in Steel and Beyond Business Area Research in steel, industry, management, future growth, and corporate citizenship "in 2020 Sales POSRI delivers best research with its creative collective intelligence, contributing to the growth of POSCO Group and development of a society. POSCO Research Institute (POSRI) is a research institute specialized in steel, business and other research areas, which conducts best research that leads the trend and future. With its capabilities for global-level research and consulting, POSRI delivers creative and practical research outcomes, contributing to the growth of POSCO Group and development of a society. W Operating Profit 29.6 W 0.1 billion KRW billion KRW | History No. of Employees 105 members | Milestones 1994 Established POSCO Research Institute 2001 Founded POSRI management research journal 2012 Merged and acquired POMIC 2013 Established POSCO GROUP UNIVERSITY 2006 Founded CHINDIA Journal 2007 Jointly hosted POSCO Asia Forum (with POSCO TJ Park Foundation) 2009 Ranked 8th out of 100 top think tanks in Korea 2015 Separated POSCO GROUP UNIVERSITY's training 2012 innovation department Opened the POSCO Family information platform (GIH) 2015 Renamed as POSRI 2016 Founded Asian Steel Watch journal 53#56POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO GROUP UNIVERSITY https://lp.posco.co.kr Fostering POSCO Group's Talent to Implement Corporate Citizenship Business Area_Establishing HRD strategy, talent promotion, field consulting, and safety training *in 2020 Sales W 39.2 billion KRW Operating Profit 0.18 billion KRW No. of Employees 152 members Promoting talents with a mindset of action, consideration, and creativity, capable of leading the future of POSCO Group and realizing the idea of corporate citizenship POSCO GROUP UNIVERSITY was launched as a comprehensive human resources development organization that integrated all the educational functions of POSCO Group. It utilizes its HRD knowledge, accumulated from its beginnings as the group's Steel Training Center, to build group cohesion, leadership at all stages, and an organizational culture of trust. | History | Milestones 1968 Installed the production training body 2004 Selected as a supervising organization for small and medium business consortium 1969 Established the Steel Training Center 2007 Awarded with the presidential citation for Job Training Development 1974 Opened the job training facility 2008 Selected as an organization of excellence in e-learning (for 6 consecutive years) 1993 Renamed to Talent Development Center 2015 Established an integrated talent promotion system for POSCO Group 2010 Renamed to Future Creation Academy 2019 2015 POSCO GROUP UNIVERSITY established as an incorporated entity Registered as vocational training and development center Established POSCO Group Corporate Citizenship projects, such as youth employment and startup support "Youth Dream Job (POSCO Youth Dream)" and cultural concert for community members 2021 2019 Registered as a lifelong education center Opened a new Al-based POSCO Group Learning Platform (LP) Expanded group affiliate and partner safety training 54 54#57POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO HUMANS www.poscohumans.com To realize self-supporting business environment Business Area Office, IT, cleaning, and other supporting work *in 2020 Sales W 47.1 w billion KRW 포스코틀랜스 Operating Profit 0.38 billion KRW No. of Employees 657 members Priority to the people, together with neighbors This is the first corporate subsidiary in Korea established as a standard workplace for the employment of workers with disabilities, established. It offers employment for workers with various disabilities, from developmental to visual and hearing impairment, and promotes the competitiveness of its business areas from office work to cleaning, IT, and vehicle support. | History | Milestones . 2007 Originally established as POSWITH 2009 * A subsidiary-type standardized workplace for workers with disabilities Recognized with presidential citation for the promotion of vocational training for workers with disabilities 2012 Awarded with prime minister's citation for the promotion of vocational training for workers with disabilities 2009 Established Poseco Housing * A social enterprise 2013 Awarded with prime ministerial citation for excellence in gender equal employment 2014 2013 Launched POSCO HUMANS Acquired family-friendly enterprise certification and awarded with ministerial citation for Gender Equality and Family * Merger between POSWITH and Poseco Housing 2016 Selected as a business of excellence for the employment of workers with disabilities *2nd consecutive year (October 2019) ⚫ 2021 Designated as a training organization for the improvement of public awareness on workers with disabilities in the workplace 2018 Awarded with presidential citation for job creation 55#58POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates POSCO RTECH www.poscortech.com Intellectual Property Total Solution Provider Business Area Intellectual property services, technological information research, technological business consulting "in 2020 Sales Operating Profit W 3.6 W 0.1 billion KRW billion KRW No. of Employees 23 members A specialist for intellectual property total solution As the intellectual property expert wing of POSCO Group, POSCO RTECH shares its expert insights with its customers through expert technological information research and analysis. It also maximizes the value of intellectual assets with intellectual property protection and patenting support services, positioning itself as a one-stop provider for intellectual asset management solutions. | History | Milestones 2016 posco Established the patent business group (incubating group under POSCO GROUP UNIVERSITY) Started handling patent services 2016 Established the patent management system and reorganized policy and management structures (Patent work for POSCO Group, patent training) 2017 포스코알텍 Expanded the POSCO patent service, started patent training for POSCO affiliates Started operating the patent consulting center and posco Research offering patent diagnosis for 13 group affiliates & Technology 2018 2017 POSCO RTECH established as a corporation Started preparatory survey activities for potential patent conflicts and patent issue consulting service for POSCO affiliates specializing in patents 2018 Started patent analysis and technology information research 2019 Opened "Again With POSCO" web page and started job matching services for retired POSCO workers 2019 Started retention project for retired technical workers in POSCO 2020 2020 Introduced R&D service Expanded technology information Acquired Research and Development Service Company certification from the Ministry of Science and Technology Information and Communication Strengthened business areas for technical information survey research business to encompass outside requests (introduction of technical advisor system) Expanded group affiliate IP strategy support services & took part in government task for the domestic establishment of steel material component sector 56#59POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Busan E&E www.busanene.co.kr Waste to Energy, Unlimited Business Area Producing new renewable energy through waste resources "in 2020 Sales Operating Profit W 21.9 W 0.8 billion KRW billion KRW No. of Employees 57 members Sustainable energy through green power generation technology Busan Environment & Energy (Busan E&E) is Korea's largest combined heat and power plant that turns domestic waste, hitherto simply incinerated, as flammable solid fuel to generate electric power, heat, and alternative energy source for the community. The company will continue to transform itself as the global no. 1 enterprise in utilization of waste products as energy source. | History | Milestones 2009 Agreement signed between POSCO and Busan Metropolitan City 2013 Started the commercial operation of Busan Combined Heat and Power Plant (900 ton, 24.8 MW) 2017 Started heat supply to Busan Waste Sludge Treatment Facility (95,904Gcal) 2010 Established Busan Environment & Energy (E&E) 2020 Selected as a facility of excellence in waste treatment facility installation and operation assessment 2010 Started the construction of Busan Combined Heat and Power Plant 2013 Completed the Busan Combined Heat and Power Plant 57 57