Ternium's Steel Market and Financial Performance

Made public by

sourced by PitchSend

4 of 43

Creator

Ternium logo
Ternium

Category

Industrial

Published

May 2023

Slides

Transcriptions

#1Investor Presentation May 2023 As of May 9, 2023 Ternium Ternium Ternium Ternium#2Forward-Looking Statements This presentation contains certain forward-looking statements and information relating to Ternium S.A. and its subsidiaries (collectively, "Ternium") that are based on the current beliefs of its management as well as assumptions made by and information currently available to Ternium. Such statements reflect the current views of Ternium with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of Ternium to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic, political conditions in the countries in which Ternium does business or other countries which have an impact on Ternium's business activities and investments, changes in interest rates, changes in inflation rates, changes in exchange rates, the degree of growth and the number of consumers in the markets in which Ternium operates and sells its products, changes in steel demand and prices, changes in raw material and energy prices or difficulties in acquiring raw materials or energy supply cut-offs, changes in business strategy and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or targeted. Ternium does not intend, and does not assume any obligation, to update these forward-looking statements. Ternium I May 2023 2#3Profile www#4Ternium's Profile A leading steel company in Latin America Net sales of $16.4 billion in 2022 ■ Steel shipments in 2022 of 11.9 million tons ■ Industrial facilities in Mexico, Argentina, Brazil, Colombia, USA and Central America Steel Shipments (2022) Countries 23 Distribution Centers 9 Mexico; 57% TX Southern Region; 20% LISTED NYSE Ternium | May 2023 Other; 3% Colombia; 5% Brazil; 6% Other Markets; 23% USA; 9% 20,500 Employees Ternium MW 6 Integrated Facilities M 28 Service 12 Downstream Centers Facilities Vertically integrated, from iron ore mines to service centers Focus on high value-added products Participation in Usiminas¹ control group 1Usiminas: a leading company in the Brazilian flat steel market 4#5Sustainable Profitability A comprehensive approach to value creation ■ Quest for excellence in industrial management and technology ■ Focus on differentiation through sophisticated products and services ■ Proactive approach to environment, health and safety Recruitment, training, and retention of talent Strengthening of steel value chain Economic Value Generated and Distributed 1 (2022) Community investments $21 M Research & development $16 M Suppliers $11.7 B Economic value generated $16.4 B Employees $1.2 B Capex $581 M ☐ Deep ties with our communities Commitment to integrity Ternium | May 2023 Capital providers $577 M 1 According to GRI Standards Taxes $842 M 5#6Sustainable Profitability Delivering Ternium's business strategy ■ Focus on high-margin value-added products ☐ ◉ Pursue strategic growth opportunities Implement Ternium's best practices ■ Maximize the benefits arising from Ternium's distribution network ■ Enhance Ternium's position as a competitive steel producer Quest for excellence in industrial management and technology Ternium | May 2023 1.20 Annual Dividends ($ per ADS) 2.70 2.60 2.10 2018 2019 2020 2021 2022 Net (Debt) Cash ($ billion) 2.6 1.2 (0.4) (1.7) (1.5) Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 6#7Sustainable Profitability Improving our health and safety performance Occupational health and safety (OH&S) policy Standardized and certified OH&S management system Safety-focused capital expenditure plan Integral program for critical steel production. processes and iron ore tailings dams Management tours at the facilities, training, workshops and conferences to raise awareness Extensive communication to engage and commit Ternium's and contractor's employees ■ Initiatives to promote healthy and safe operations in the steel industry value chain Lost time injury frequency rate (# of events / million hours worked) 0.84 0.84 0.79 0.67 0.63 2018 2019 2020 2021 2022 Terniumtioy Ternium I May 2023 7#8Sustainable Profitability Roadmap to decarbonization ☐ Target of 20% reduction of CO2 emissions intensity 1.7 (scope 1 and 2) by 2030 (base 2018) by: lower specific-emission steelmaking increased use of renewable energy augmented carbon capture capacity increased scrap in the metallic mix partial replacement of met coal with charcoal Analysis of additional strategies to decarbonize its operations over the longer term, based upon: current and developing technologies availability of renewable energy and steel scrap Board of Directors quarterly oversight of Ternium's Climate Change strategy Ternium | May 2023 Emission Intensity (Scopes 1 & 2) (tons of CO2 emitted per ton of crude steel produced) 1.7 1.7 1.7 1.7 2017 Scope 1 2018 ■Scope 2 2019 2020 2021 8#9Sustainable Profitability Progress on our roadmap to decarbonization ■ New steelmaking facilities with lower specific emissions announced in the USMCA region (expected start-up: first half of 2026) ■ New steel shop (EAF) ■ New DRI module with CO2 capture capabilities and readiness to switch to hydrogen ■ New wind farm launched in Argentina (expected start-up: second half of 2024) ■ CO2 capture and usage capacity increase in Ternium Mexico's DRI modules: first phase concluded ▪ Use of biomass: advancing studies carried out in our coke pilot plant ■ MoU signed with Vale to reduce process emissions in Brazil Ternium | May 2023#10Sustainable Profitability Minimizing Ternium's environmental footprint ◉ Environmental investment plan: encompassing Ternium's steelmaking facilities in Mexico, Brazil and Argentina $430 million capex ('22-'28) ◉ ☐ Responsible use of natural resources Focus on excellence in environmental performance Certified environmental management system Management performance accountability ■ Sustainable building solutions at new facilities Biodiversity protection GREEN UILDING CO CLIMATE ACTION Member worldsteel Ternium I May 2023 CERTIFIED CERTIFIED USGBC Reintroduction of endangered species, such as the yaguareté, in Esteros del Iberá Environmental monitoring center at Ternium's Rio de Janeiro unit in Brazil 10#11Sustainable Profitability Strengthening Ternium's value chain Promoting a collaborative network to foster excellence in performance: ■ Universities ■ Business schools ◉ Government agencies. ☐ Industrial associations 819 Helping 1,800 SMEs, customers and suppliers, grow: ☐ Training programs Industrial projects and business consultancy ■ Institutional initiatives Commercial support and financial assistance IAE BUSINESS SCHOOL UNIVERSIDAD AUSTRAL Ternium I May 2023 VAITBA TECNOLÓGICO INSTITUTO TECNOLOGICO DE BUENOS AIRES DE MONTERREY, AINA DAVIONOMAL "ProPymes has helped create an industrial network that encourages the professionalization and quest for excellence of SMEs." EGADE Business School Tecnológico de Monterrey 11#12◉ Sustainable Profitability Helping our communities thrive ☐ Fostering education: ■ Ternium's technical school in Pesquería (2016) " Launch in 2023 of the construction of a new Ternium's technical school in Santa Cruz, Brazil Refurbishing of community schools Special education program for children Financial support to students Supporting initiatives that strengthen our communities: Funding of health care infrastructure and equipment Sponsorship of diverse cultural exhibitions and events Sponsorship of city races and other sport activities Ternium | May 2023 Roberto Rocca Technical School in Pesquería, Mexico ABS New robotic and automation laboratories at a technical school in San Nicolás, Argentina 12#13Sustainable Profitability Commitment to integrity through strong corporate governance Audit committee (all independent directors) ■ Internal Audit Department reporting to the Chairman and the Audit Committee ■ Business Conduct Compliance Officer reporting to the CEO ☐ Compliance department that oversees SOX certifications, related party transactions and conflict minerals Employee accountability and training to ensure a transparent behavior ■ Confidential channels to report non-compliant behavior Ternium | May 2023#14Ternium's Main Steel Markets Ternium T ☑#15Ternium's Main Steel Markets Broad presence in the Americas Mexico ■ A leading steel company in Mexico ■ Access to the North American steel market through USMCA ▪ Leading position in the Argentine steel market Participation in Usiminas' control group Significant position in Colombia and Central Americal Steel shipments by country (2022) Ternium | May 2023 Mexico; 57% USA; 9% Argentina; 19% Brazil; 6% Colombia; 5% Other; 4% Guatemala Costa Rica Colombia Facilities Steel producing and processing Service or distribution centers Iron ore mining and processing Argentina United States El Salvador Nicaragua Brazil#16Ternium's Main Steel Markets Significant growth potential ■ Increase in Mexico's steel consumption over the last decades driven mainly by a dynamic. manufacturing industry Considerable opportunity to accompany the growth of the USMCA region, supporting the nearshoring of manufacturing capacity Apparent steel use (million tons) 9.2 7.7 1990 Brazil -Mexico 2000 2010 2020 Source: Alacero April 2023 Ternium I May 2023 25.4 23.7 12.5 -Argentina -Colombia 1.0 1990 2000 2010 2020 5.1 3.6 16#17Mexico Attractive steel market with a significant demand for high-end steel products ◉ Developed industrial sector (approximately 53% of shipments in Mexico) ■ Ternium's focus on value added products and services: ■ Service center network Steel shipments by sector (2022) Automotive; 24% ■ Nationwide coverage through distribution centers and regional distributors White goods; 8% ■ Customer digital connectivity ■ New capabilities to provide sophisticated steel products for industrial customers Ternium | May 2023 HVAC/lighting; 10% Other industries; 11% Commercial; 47% 17#18Mexico Developing our industrial center in Pesquería ☐ State-of-the-art industrial center provides Ternium with high-end value-added product portfolio ■ 2013: Cold-rolling mill and galvanizing line (Tenigal) started operations. ■ 2019: Additional hot-dipped galvanizing and painting lines commissioned ☐ ■ 2021: New state-of-the-art hot-rolling mill started operations. New products were developed with the aim at substituting imports 2022: New downstream project announced (Start-up: 2024/2025): ☐ Push-pull pickling line (550,000 tpy) Finishing lines ☐ Cold rolling mill (1.6 mtpy) ☐ Hot-dip galvanizing line (600,000 tpy) Apparent flat steel use (2022) Industrial ■Commercial 66% Local ■Net Imports 60% 34% O 40% Total investment of $1.0 billion Ternium | May 2023 18#19New Upstream Project in the USMCA An attractive destination for continued investment Increase in slab production capacity to further integrate Ternium's industrial system in the region Nearshoring related to manufacturing in the steel value chain provides Ternium with an attractive opportunity to grow Compliance with the USMCA's 'melted and poured' requirement Project details: ■ EAF-based steel shop (2.6 mtpy) ■ DRI module (2.1 mtpy) ■ Port facility for raw material handling. Cap 581 ☐ Total investment of $2.2 billion Start-up in the first half of 2026 ■ Location to be disclosed in due course Ternium | May 2023 52367304 4470472030 4470673030 4470872040 4470473679 4470773 4470673000 44707700 44707720 1522372059 44709872050 4407 523072150 4470772010 513072080 522973 532972 406720 15230/2000 P553072090 9522972970 447067230 4471072000 523072670 470873010 4470772230 447407230 4470972090 4470872230 4470472020 447047204 9522972 4474072030 4470972230 9533072020 4470272820 9922972330 4475072040 P533072030 4470772030 19#20Argentina Third largest steel market in Latin America with a developed industrial sector Significant industrial sector representing 48% of steel shipments in Argentina ■ Focus on value added products and services: Service center network ■ Short notice delivery and just-in-time agreements ■ Customer digital connectivity ■ Joint product research and development projects with our value chain (mainly white goods, transportation and renewable energy) Steel shipments by sector (2022) Commercial; 52% Automotive; 10% Agribusiness; 9% Canning; 6% White goods; 6% Oil & gas; 6% Other industrial; 11% Ternium | May 2023 20 20#21Ternium's Performance Ternium ☑#22Ternium's Performance Adjusted EBITDA and Net Income Adjusted EBITDA ($ million) 1,209 1,225 1Q22 2Q22 679 508 303 3Q22 4Q22 Adjusted EBITDA per Ton¹ ($) 409 414 1Q22 2Q22 229 1Q23 Adjusted EBITDA Margin (% of net sales) 28% 28% 1Q22 2Q22 16% 14% 9% 3Q22 4Q22 1Q23 Net Income and Earnings per ADS Net Income ($ million) ▲ Earnings per ADS 3.95 4.07 166 1.91 100 0.78 878 936 0.20 220 480 59 3Q22 4Q22 1Q23 1Q22 2Q22 3Q22 4Q22 1Q23 1 Adjusted EBITDA divided by steel shipments. Ternium | May 2023 22 22#23Ternium's Performance Steel Shipments Mexico (thousand tons) 1,679 1,717 1,574 Other Markets (thousand tons) 10% 2,066 1,873 Slabs 791 677 666 558 -18% 185 155 455 201 182 63 1Q22 2Q22 3Q22 4Q22 1Q23 1Q22 2Q22 3Q22 4Q22 1Q23 Southern Region (thousand tons) Steel Shipments 1Q23 587 601 584 589 -8% 544 1Q22 2Q22 3Q22 4Q22 1Q23 Ternium I May 2023 Mexico 67% USA 7% Colombia 4% Brazil 2% Other 2% Other Markets 15% Southern Region 18% 23#24Ternium's Performance Net Sales Total Shipments (thousand tons) 2,951 2,957 2,967 Southern Region Consolidated Revenue per Ton ($/ton) 3,020 3,065 Mexico 1,525 1,438 1,427 1,614 1,570 -3% 1,153 1,159 1% 1,068 2% 1,043 1Q22 2Q22 3Q22 4Q22 1Q23 1Q22 2Q22 3Q22 4Q22 1Q23 Net Sales ($ million) 4,305 4,438 4,125 3,546 3,623 1Q22 2Q22 3Q22 4Q22 1Q23 ☐ Ternium | May 2023 1Q23 shipments in Mexico the highest on record, mostly offset by seasonally lower shipments in the Southern Region and lower shipments of slabs to third parties. Revenue per ton to increase in Mexico in 2Q23, on higher market prices and the reset of contract prices at higher levels. Steel shipments to further increase in Mexico and to recover in the Southern Region in 2Q23. 24#25Ternium's Performance Cash Flow and Balance Sheet Cash from Operations ($ million) 692 1,034 1,032 1Q22 (5) 2Q22 3Q22 4Q22 ■Capex ■Free Cash Flow Capex and Free Cash Flow ($ million) 125 898 873 612 Changes in Working Capital ($ million) 681 (331) (218) (548) (955) 1Q23 1Q22 2Q22 3Q22 4Q22 1Q23 Net Cash Position ($ billion) 1.8 1.6 567 414 1.0 161 136 159 198 1Q22 Ternium | May 2023 3.0 2.6 (166) 2Q22 3Q22 4Q22 1Q23 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 25#26Conclusion GH#27Conclusion A leading steel company in the Americas with a comprehensive management approach to value creation Successful implementation of business strategy geared toward sustainable profitable growth Solid financial position. ■ Distinctive performance ■ Well positioned to expand business in the USMCA: new growth plan under development Continued focus on generating long-term stakeholder value Ternium | May 2023#28Ternium | May 2023 Ternium 28#29Appendix ◉ Corporate Structure ▪ Usiminas ◉ Production Capacity Shipments and Net Sales Income Statement ■ Cash Flow Statement ■ Balance Sheet ■ Historical Performance ■ Ternium's Debt Profile Ternium | May 2023 29 29#30Corporate Structure Techint Group: 65% 71% 63% Ternium Ternium México 29% Ternium Argentina³ ,4% Tenaris: 11% Ternium (treasury shares): 2% Public: 21% Subsidiaries Joint operations Non-consolidated companies 100% Las Encinas 37% Other 50% Peña Colorada 17% Usiminas Nippon Steel Corp: 19% TenarisConfab: 3% CEU: 3% 50% ArcelorMittal 100% Economic participation Ternium Brasil4 Other: 55% Direct Indirect² Total 51% 49% Tenigal Ternium Mexico 71% 18% 89% Nippon Steel Corp Ternium Argentina³ 62% 62% 100% Ternium Colombia Ternium Brasil 100% 100% Usiminas¹ 17% 2% 19% 100% Ternium del Atlántico Tenigal 51% 51% Ternium Colombia 100% 100% 100% Ternium USA TX Int. Guatemala 100% 100% TX USA 100% 100% 100% Ternium Int. Guatemala Las Encinas 71% 18% 89% Peña Colorada 36% 9% 44% 48% 30% Techgen Tecpetrol 1 Participation based on total shares distributed 22% 2 Net of non-controlling interest in TX Argentina 50% 3 Formerly known as Siderar Exiros 50% Tenaris 4 Formerly known as CSA Ternium I May 2023 30 30#31Usiminas Ternium to increase its Participation in Usiminas Control Group ■ In March 2023, Ternium entered into a share purchase agreement to acquire from Nippon Steel Corporation (NSC) 57.7 million ordinary shares of Usiminas at a price of BRL10 per ordinary share for approximately $111 million ☐ ■ If approved by Brazil's antitrust authorities (CADE): ■ Ternium will increase its participation in the Usiminas control group from 39.5% to 51.5% (in terms of total shares: from 20.4% to 25.1%) ■ Ternium will have more direct involvement in Usiminas management and the implementation of its strategy through a new governance structure, with the right to nominate (together with its affiliate Tenaris): ■ a majority of the board of directors the CEO and four other members of Usiminas board of officers Parties to the transaction also agreed to grant each other options to buy/sell the remaining NSC shares in the control group (153 million ordinary shares) at different times after the closing of the share purchase agreement For more information on this transaction, please see press release here Ternium I May 2023 31#32Ternium Production Capacity as of December 2022 ■ Crude steel production capacity of approx. 12.5 million tons ■ Finished steel products production capacity of approx. 15.2 million tons (1) Mexico Argentina Other Total In million metric tons Slabs 2.5 3.2 5.0(2) 10.7 Billets 1.6 0.2 1.8 Crude steel 4.1 3.3 5.2 12.6 Hot rolled coils 9.9 2.9 12.8 Rebars & wire rods 1.2 0.7 1.9 Cold rolled coils 3.8 1.8 5.6 Tinplated products 0.2 0.2 Galvanized products 2.4 0.8 0.4 3.5 Pre-painted products 0.8 0.1 0.2 1.1 Service center 3.9 2.3 1.3 7.5 (1) Brazil, Southern US, Colombia and Central America (2) Corresponds to Ternium Brasil Ternium | May 2023 32 32#33Net Sales and Shipments Net Sales Shipments $ million 1Q 2023 4Q 2022 1Q 2022 Thousand tons 1Q 2023 4Q 2022 1Q 2022 Mexico 2,206.1 1,954.3 2,262.5 Mexico 2,066 1,873 1,574 Southern Region Other Markets Total steel products Other products (1) 853.9 493.9 950.5 576.7 895.1 Southern Region 544 589 587 1,054.3 Other Markets 455 558 791 3,553.9 3,481.5 4,211.9 Total steel segment 3,065 3,020 2,951 69.5 64.9 92.9 Total mining segment 799 891 897 Total steel segment 3,623.4 3,546.4 4,304.8 Revenue/ton Total mining segment 84.9 96.4 102.8 $/ton 1Q 2023 4Q 2022 1Q 2022 Total steel and mining segments 3,708.3 3,642.8 4,407.6 Intersegment eliminations (84.9) (96.3) (102.8) Mexico 1,068 1,043 1,438 Southern Region 1,570 1,614 1,525 Total net sales 3,623.4 3,546.5 4,304.8 Other Markets 1,085 1,034 1,333 (1) The item “Other products" primarily includes Ternium Brasil's and Ternium México's electricity sales. Total steel segment 1,159 1,153 1,427 Total mining segment 106 108 115 Ternium | May 2023 33#34Income Statement $ million 1Q2023 1Q2022 (Unaudited) Net sales 3,623.4 4,304.8 Cost of sales (2,980.8) (2,984.2) Gross profit 642.6 1,320.6 Selling, general and administrative expenses (292.9) (281.3) Other operating income (expenses), net 7.7 19.7 Operating income 357.4 1,059.0 Finance expense (16.2) (6.6) Finance income 41.4 24.3 Other financial income (expenses) income, net (17.4) (78.6) Equity in earnings (losses) of non-consolidated companies 34.9 58.7 Profit before income tax expense 400.1 1,056.9 Income tax expense 79.4 (179.4) 479.5 877.5 Profit for the period Attributable to: Owners of the parent Non-controlling interest Profit for the period Ternium | May 2023 374.4 775.6 105.1 101.9 479.5 877.5 34#35Cash Flow Statement $ million 1Q2023 1Q2022 (Unaudited) Profit (loss) for the period 479.5 877.5 Adjustments for: Depreciation and amortization 150.6 149.5 Equity in (earnings) losses of non-consolidated companies (34.9) (58.7) Changes in provisions (1.0) (2.6) Net foreign exchange results and others (6.8) 81.5 Interest accruals less payments (36.2) 1.9 Income tax accruals less payments (156.8) (688.3) Changes in working capital 218.0 331.4 Net cash provided by operating activities 612.3 692.3 Capital expenditures (197.9) (124.8) Proceeds from the sale of property, plant and equipment 0.6 0.4 (Increase) decrease in other investments (667.8) 82.2 Net cash (used in) provided by investing activities (865.2) (42.3) Finance Lease Payments (13.7) (12.2) Proceeds from borrowings 45.9 79.9 Repayments of borrowings (196.0) (202.8) Net cash used in financing activities (163.8) (135.1) Increase in cash and cash equivalents (416.7) 514.9 Ternium I May 2023 35#36Balance Sheet $ million March 31, 2023 December 31, 2022 $ million Capital and reserves attributable to the owners of the parent March 31, 2023 December 31, 2022 12,229.9 11,846.0 Property, plant and equipment, net 6,294.2 6,261.9 Non-controlling interest 2,022.6 1,922.4 Intangible assets, net 957.4 944.4 Total Equity 14,252.5 13,768.4 Investments in non-consolidated companies 877.4 821.6 Provisions 81.2 81.4 Deferred tax assets 223.7 200.2 Deferred tax liabilities 11.6 162.7 Receivables, net 327.6 318.7 Other liabilities 569.6 538.2 Trade Receivables, net (0.0) (0.0) Trade payables 1.2 1.1 Other investments 125.0 100.7 Lease liabilities 183.2 190.1 Total non-current assets 8,805.2 8,647.5 Borrowings 529.9 532.7 Receivables, net Derivative financial instruments Inventories, net Trade receivables, net 761.8 0.1 662.8 Total non-current liabilities 1,376.7 1,506.3 0.2 Current income tax liabilities 153.9 135.7 3,297.6 3,470.2 Other liabilities 362.7 344.8 1,298.2 1,180.7 Trade payables 1,356.8 1,187.6 Other investments 2,521.7 1,875.0 Derivative financial instruments 4.0 0.5 Cash and cash equivalents 1,220.1 1,653.4 Lease liabilities 49.5 49.0 Total current assets 9,099.5 8,842.3 Borrowings 350.5 499.2 Total current liabilities 2,277.3 2,216.8 Non-current assets classified as held for sale 1.8 1.8 Total liabilities 3,654.0 3,723.2 Total assets 17,906.5 17,491.5 Total equity and liabilities 17,906.5 17,491.5 Ternium | May 2023 36#37Historical Performance EBITDA and Net Income Consolidated Shipments (million tons) ■Slabs 13.0 12.5 12.1 11.4 -2% 2.9 3.1 1.6 11.9 0.8 2.3 2018 2019 2020 Adjusted Ebitda ($ million) and Adjusted Ebitda Margin (% of net sales) 24% 17% 15% 2,698 1,526 1,525 36% 5,863 21% 3,415 2021 2022 2018 2019 2020 2021 2022 Annual Dividends ($ per ADS) Net Income and Earnings per ADS ■Net Income ($ million) ▲ Earnings per ADS 19.49 9.00 1.20 7.67 3.97 2.87 4,367 2,093 2.60 2.70 2.10 1,662 630 868 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Ternium | May 2023 37#38Historical Performance Cash Flow Cash from Operations ($ million) 1,739 1,761 1,648 2018 2019 2020 2,677 2021 Capital Expenditures ($ million) 2,753 229 Changes in Working Capital ($ million) 2,618 (353) (573) 2022 2018 2019 2020 (1,152) 2021 2022 Free Cash Flow ($ million) 1,219 1,201 1,052 520 560 524 581 595 2018 Ternium | May 2023 2,154 2,172 2019 2020 2021 2022 2018 2019 2020 2021 2022 38#39Debt Profile ■ $880 million borrowings as of March 2023 Outstanding syndicated loan: ■ Ternium Brasil: $500 million Revolving credit facilities (uncommitted) of $333 million outstanding, mainly in Mexico and Colombia ■ Other debt: ■ Peña Colorada: $31.3 million Tenigal: $12.5 million Ternium | May 2023 Debt maturity profile Mar 23 ($/million) ■Tx Brasil Synd. Loan ■ Other debt ■Revolving credit facilities 536 331 2023 2024 9 2025 39#40www.ternium.com Ternium

Download to PowerPoint

Download presentation as an editable powerpoint.

Related

ILPT Q2 2023 Financial Results image

ILPT Q2 2023 Financial Results

Industrials

Investor Presentation September 2023 image

Investor Presentation September 2023

Real Estate

Strategic Expansion in the Resilient Data Centre Segment image

Strategic Expansion in the Resilient Data Centre Segment

Real Estate

Economic Impact of NOS4A2 in Rhode Island image

Economic Impact of NOS4A2 in Rhode Island

Television & Film Industry

Strategic Entry into Japan's Data Centre Market image

Strategic Entry into Japan's Data Centre Market

Industrials

GIDC Gujarat Industrial Development image

GIDC Gujarat Industrial Development

Industrials

WF Hebei Wenfeng Industrial Co. Corporate Presentation image

WF Hebei Wenfeng Industrial Co. Corporate Presentation

Financial

Dadra & Nagar Haveli Industrial Policy Pitch image

Dadra & Nagar Haveli Industrial Policy Pitch

Financial