Ternium's Steel Market and Financial Performance

Income 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

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