Investor Presentaiton

Steelcycle SMC Sorin KZ Standalone Metal & FX KZ Consolidated KZ Consolidated P&L summary (bn KRW) Sales 1Q22 2Q22 3Q22 4Q22 1Q23 QoQ YOY Sales . Sales decreased by headwind from sales volume and ForEx rate 2,661 2,851 2,744 2,962 2,527 -14.7% -5.0% COGS 2,333 2,414 2,520 2,784 2,313 -16.9% -0.8% COGS SG&A 44 56 74 75 69 -9.2% 56.1% . Decreased energy related cost and sales decrease effect contributed to COSG decrease Operating profit 285 381 151 103 146 42.0% -48.8% OPM(%) EBITDA 10.7% 13.4% 5.5% 3.5% 5.8% 2.3%p -4.9%p 277 387 287 222 263 18.6% -5.0% Net income 148 323 70 0 257 138 -46.1% -6.5% ☐ Operating profit . Despite production normalization of SMC, consolidated OP records 9bn KRW lower than standalone OP due to underperformance of subsidiaries such as Steelcycle and Pedalpoint . . Pedalpoint 1Q23 operating profit: -11bn KRW 10

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