This is

Outokumpu
Global megatrends call for long lasting
and sustainable solutions
Economic and Climate change and Mobility and
population growth limited resources urbanization

Medical engineering
Buildings
Sea water desalination
related investments Elevators

+1
Chemical and Automotive
pharmaceutical growth Aerospace
Energy investments Train
Commercial catering Transportation
and household goods
..and many more
..and many more
Continued growth for stainless steel globally
Americas Europe APAC Global
+13%
+8% +9% +9%
+7% +7% +6%
+5% +5% +4% +4%
+1% -2% +1% +2% +2% +2% +1% +3%
-1% -2% +1% +1% 0%

12 13 14 15f 16f 17f 12 13 14 15f 16f 17f 12 13 14 15f 16f 17f 12 13 14 15f 16f 17f

USA OTHER AMERICAS OTHER EMEA CHINA OTHER APAC

+19%
+12%
+8% +8% +8% +8%
+6% +6% +6%
+4% +4%
+3% +4% +1%
+4% +4% +3% +4% +3% +3%
+1% +1%
0% -2% 0% -4% -2% -4% -5% -1%

12 13 14 15f 16f 17f 12 13 14 15f 16f 17f 12 13 14 15f 16f 17f 12 13 14 15f 16f 17f 12 13 14 15f 16f 17f

Data source: SMR, February 2016 About 1% demand growth

Real demand for total stainless steel (rolled & forged products, excl. 13Cr tubes, profiles) expected for 2016
Stainless steels are everywhere
and for almost every need

Chemical Heating, cooling

Energy Oil & gas Pulp & paper
industries & ventilation

Stainless steel is
• Strong
• Resistant
• Formable
• Beautiful
Architecture,
Automotive & Catering, food Home • Safe
building & • Recyclable
transportation & beverage appliances
infrastructure
Our vision
To be the best
value creator
in stainless steel
by 2020 through
customer orientation
and efficiency.
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Our strategic plan
VISION 2020:
To be the best value creator
in stainless steel by 2020
through customer orientation
and efficiency.

The best value in the industry for customers,

shareholders and employees through:

HIGH
WOLRD CLASS MANUFACTURING
SAFETY PERFORMING AMERICAS PORTFOLIO
SUPPLY CHAIN EXCELLENCE
ORGANIZATION
We work globally together with
our customers and partners
Waterfront building Washing machine drums
Stockholm, Sweden Miele, Germany
New Street Station Network Rail Storage tanks BMW headquarters Oil refinery & LNG plants
UK Japrotek, Finland Munich, Germany Sinopec, China

Cloud gate
Chicago, USA Nuclear fusion reactor
Tanks for energy plant Japan
Chrysler Building
New York, USA Torresol, Spain
Ping An Finance Center
Air Force Memorial Shenzhen, China
Washington, USA
Stonecutters Bridge
Solar power plant Coins blanks Hong Kong
Burj Khalifa
Crescent Dunes, USA Casa de Moneda, Mexico
Dubai
Marina Bay Bridge
Qatar Foundation HQ Gorgon LNG field project Singapore
Qatar Vantrunk, Australia

Seawater/desalination plants
Abu Dhabi and Dubai
Our market share 2015
Europe 30% • NAFTA 21%
Globally 8%
Our operations
Avesta Tornio

Kemi
Degerfors
Nyby
Sheffield

New Castle
Krefeld & Benrath

Calvert Dillenburg
Wildwood Richburg Dahlerbrück

San Luis Potosí

Integrated melt shop,

hot and cold rolling
Other mills
Mine
Service center

Our turnover 2015 (m€): 6,384

11,000 professionals in more than 30 countries.
Safety is our number one priority
in all operations
Our safety principles

Safety starts Safety comes No No

with me. before volumes. shortcuts. repeats.

Lost-time injury target <2.5

Lost-time injury rate 2015 3.0
Listening to our customers helps us focus
on the right themes
Other Product quality
Technical Easy to
expertise deal with

Customer
satisfaction
drivers

Commercial terms Delivery reliability

1,197 customer satisfaction interviews during 2015

Our technical expertise translates
into customer benefits
Higher
efficiency

Over Increases our

Continuous New, better
100 years of customers Profitability
development solutions
innovation competitiveness

Sustainability
Our product forms

Hot rolled Hot and cold

Ferrochrome Slab Quarto plate Precision strip
black coil rolled white coil

Rolled and
Cast semis Bar Rebar Wire rod Welded pipe
forged billet
Our product portfolio
Outokumpu organization
President and CEO
Roeland Baan

CTO CFO
Pekka Erkkilä Reinhard Florey(*

Communications
HR, IT, Health & Safety
Johann Steiner
& Marketing
Saara Tahvanainen

Coil EMEA Coil Americas APAC Quarto Plate Long Products

Olli-Matti Saksi Michael Williams Jan Hofmann Liam Bates Kari Tuutti

*) Christoph de la Camp as of July 1, 2016

Key figures
Key figures – Quick facts
1) Excluding ferrochrome deliveries
Quick facts 2015 2014
2) EBITDAexcluding
Stainless steel deliveries, 1,000 tonnes 1 2,381 2,554 non-recurring items, other than
impairments; and inventory
Sales, EUR million 6,384 6,844 gains/losses, unaudited

3) EBITexcl. non-recurring items and

Underlying EBITDA 2, EUR million 196 232 inventory gains/losses, unaudited

Underlying EBIT 3, EUR million -101 -88 4) Accounting capex

EBIT, EUR million 228 -243

Operating cash flow, EUR million -34 -126

Capital expenditure4, EUR million 154 127

Personnel at the end of the year 11,002 12,125

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Key figures – Deliveries by product grade
Other 3%
Duplex 7%

Ferritic 14%

Austenitic
(CrNi) 55%

Austenitic
(CrNiMo) 22%

Management estimates full year 2015 4/7/2016 17

Key figures – Sales by segments
Distributors End-customers

Consumer goods & medical

Automotive
20% 15%
44% Architecture, building & construction

56% 17%
Chemical, petrochem. and energy
22%
5% Metal processing & tubes
4%
17%
Heavy industries

Other

Management estimates for full year 2015 4/7/2016 18

Key figures – Market position
Major stainless steel producers Outokumpu’s market share
Million tonnes 2014 2016 At the end of 2015

Tisco 2.6 3.1 Europe ~30%

Posco 2.5 2.5 NAFTA ~21%

Outokumpu 2.4 2.3 Globally ~8%

Acerinox 2.4 2.5

Yusco 1.8 1.8

Aperam 1.6 1.6

Baosteel 1.2 1.7

Million tonnes, estimated cold rolling capacity, source: SMR, February 2015.

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Working towards forever.

We work with our customers and partners to create

long lasting solutions for the tools of modern life and
the world’s most critical problems such as clean
energy, clean water, and efficient infrastructure.
Because we believe in a world that lasts forever.

4/7/2016 20
 www.outokumpu.com

choosestainless.outokumpu.com

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