Slides
Page 1
(’26.11.2.) POSCO International ‘26.3Q Earnings Release
Page 2
Disclaimer 2 This presentation has been prepared and distributed to provide an overview of the business performance of the Company for the third quarter of 2026, prior to the completion of the external auditor's formal review. Accordingly, the financial data and other information contained herein are subject to change following the final results of the accounting audit or review process. This document contains forward-looking statements that reflect management’s current views and expectations regarding the business environment and operational outlook. By their nature, these projections involve inherent uncertainties and risks. Actual results may differ materially from those expressed or implied in this document due to shifts in market conditions, changes in the business and regulatory landscape, and various other risk factors. The information provided in this presentation is intended solely for informational purposes to assist investors in their decision-making process and may not be used as a basis for any legal claims. The Company makes no warranties, whether express or implied, regarding the accuracy, completeness, or adequacy of the information provided herein. Furthermore, the Company shall not be held liable for any losses or damages arising from the use of or reliance upon this material.
Page 3
Table of Contents Ⅰ. ’26.3Q Results Ⅱ. Key developments APPENDIX
Page 4
Ⅰ. ’26.3Q Results 4 57.4% 72.5% ’25. 3Q ’26. 2Q ’26. 3Q +16.1% +9.9%p +28.2% 67.3% 7,030 597 6,197 562 ’25. 3Q ’26. 2Q ’26. 3Q 8,238 YoY +9.6% +24.0% (+0.5%p)323 (3.9%) 429 (4.5%) 9,623 203 226 123 200 9,027 401 (4.4%) 162 239 Continued Y oY growth in revenue and profit, driven by improved performance across key businesses Secured stable investment capacity through higher EBITDA Y oY 5,338 439 YoY (Unit : KRW Billion) (Unit : KRW Billion) Operating Profit (Ratio) (Materials etc.) (Energy) *Incl. consolidated adjustments Sales EBITDA Loan Net Debt Ratio* *(Loan, etc. – Cash & Cash equivalents)/Equity
Page 5
5 Ⅰ. ’26.3Q Results – 2) Energy Earnings improvement led by E&P & pwr . gen., w/ stable performance maintained in terminals Sales volume (bcf) ’25. 3Q ’26. 2Q ’26. 3Q YoY(%) Myanmar gas field 43 43 44 +3.0 SENEX 9 11 14 +55.4 ’25. 3Q ’26. 2Q ’26. 3Q YoY(%) Terminal leasing capacity(10K Kl) 70.5 70.5 70.5 - Generation utilization rate(%) 36.6 32.3 27.0 △9.6%p Major Changes (KRW billion) ’25. 3Q ’26. 2Q ’26. 3Q YoY(%) Myanmar gas field Sales 150 212 162 +7.9 Operating profit 90 148 98 +8.9 SENEX Sales 105 134 193 +83.6 Operating profit 27 33 55 +106.4 Biz. Performance Biz. Performance KPI KPI Major Changes ▪ Terminal : Maintained profit at prior-year level, supported by stable supply volumes ▪ Pwr. Gen. : Improved profitability driven by higher SMP in line with rising oil prices (KRW billion) ’25. 3Q ’26. 2Q ’26. 3Q YoY(%) Terminal Sales 42 29 43 +1.7 Operating profit 16 11 16 +1.3 Power Generation Sales 488 444 487 △0.2 Operating profit 70 38 85 +21.9 ▪ Myanmar : Higher profit by increased sales vol. & stronger selling prices ▪ SENEX : Expanded supply to liquefaction plants, driven by production ramp-up & favorable high-price market conditions
Page 6
6 Ⅰ. ’26.3Q Results – 3) Material Palm biz. growth driven by acquisitions & ramp-up, while profitability in Steel, Materials & Bio declined due to FX volatility Major Changes (KRW Billion) ’25. 3Q ’26. 2Q ’26. 3Q YoY(%) EV Motor core Sales 92 90 75 △18.5 Operating profit 7 10 7 △4.3 (KRW Billion) ’25. 3Q ’26. 2Q ’26. 3Q YoY(%) Steel Sales 3,774 3,911 3,993 +5.8 Operating Profit 67 53 51 △23.8 Materials & Bio Resources Sales 2,140 2,906 2,441 +14.1 Operating profit 20 30 15 △25.6 Major Changes Biz. Performance Biz. Performance ▪ Steel : Profit declined due to cross-currency foreign exchange losses despite higher revenue ▪ Materials & Bio: Profit declined amid increased exchange rate volatility despite strong sales performance Biz. Performance Major Changes ▪ Profit expanded through PT. PAR plantation acquisition & improved plantation production management (KRW Billion) ’25. 3Q ’26. 2Q ’26. 3Q YoY(%) Palm (Consolidated) Sales 557 2,341 2,784 +400 Operating profit 151 768 837 +454 ▪ Maintained profitability via high-margin model sales growth despite EV/HEV market slowdown *POSCO Mobility Solution motor core biz. *Excludes PT.PAR performance (Newly consolidated as of November 2025)
Page 7
Table of Contents Ⅰ. ’26.3Q Results Ⅱ. Key developments APPENDIX
Page 8
Enhance LNG V/C competitiveness via infrastructure expansion & long-term sourcing 8 Ⅱ. Key developments – Energy Full commissioning of Gwangyang LNG Terminal #2 ▪ Facilities : Two 200Kkℓ storage tanks(Tanks 7~8), 270Kkℓ LNG unloading berth, 20Kkℓ bunkering berth etc. ▪ Status : Commissioning of tank 8 underway, preparing for completion ceremony in November 2026 ▪ Significance : Enhanced business competitiveness through increased storage capacity(from 6 tanks with 930Kkl → 8 tanks with 1,330Kkl) establishing a foundation for business expansion in LNG trading, direct piping & bunkering First shipment of U.S. LNG from Cheniere ▪ Overview : 20-year long term LNG SPA for 0.4M tonnes annually (executed in May ‘22) ▪ Status : Maiden shipment of 3.8M MMBtu (73K tonnes) loaded from U.S. terminal (Oct 2026) ▪ Plan : Diversify sourcing & price portfolios by leveraging FOB terms (provide flexibility in vessel selection & destination) & Henry Hub-indexed pricing structures. Enhance domestic supply stability and global LNG trading competitiveness by linking long-term volumes with global networks Preparation for transaction closing & key timeline ▪ Final purchase price determination post-confirmation due diligence & targeted closing (Late Nov 2026) ▪ Following closing, gas sales revenue generation, pipeline transportation agreements, & transfer of gas marketing operations to POSCO International are expected ’26.9 ’26.11 ’27.1Q Asset Acquisition, Contract Signing Transaction closing Produced gas sales & pipeline access secured Production ramp-up, development & gas marketing operations ’26.10 Due diligence & final settlement Future plans & expected benefits ▪ Plans : Expected to generate average annual OP of approx. KRW 100B through 2040 driven by gas sales (starting late Nov. ‘26) with production growth supported by drilling approx. 50 wells (~’40) ▪ Benefits : Maximize V/C synergy by acquiring U.S. gas marketer status, liquefying produced gas & leveraging volumes for trading & domestic captive demand
Page 9
Ⅱ. Key developments – Material Expanding future materials growth thru. Bio-Energy advancement & rare earth portfolio expansion 9 MOU signed w/ leading Korean semiconductor components manufacturer to establish rare earth supply chain ▪ Company : MiCo(established in Feb ’96) * A leading manufacturer of semiconductor materials & components (customers : Samsung Electronics & SK Hynix) ▪ Work scope : Pursue establishment of stable supply chain for non-magnetic rare earths - Jointly reviewing the establishment of high-functional semiconductor ceramic materials production base, integrated with our overseas refining hubs to enable advanced processing such as micronization & synthesis over the mid-to-long term ▪ Expected benefits : Establish new growth opportunities by expanding rare earth applications across industries & diversify sales of EV components (ceramic bearings), through joint order development with MiCo Establishing the foundation for entry into the SAF V/C Initiating commercial operations at PT.ARC refining facility (’26.8) ▪ PT. ARC palm refining subsidiary / Total refining capacity of 0.5M tonnes ▪ Plans & benefits :Diversification of palm oil products & establishment of platform for downstream business expansion ’26.1Q ’26.8 End of ’26 Facility testing, industrial licensing & permit acquisition Commencement of commercial operations Acquire food/sales certification, establish commercial mass production system ’26.2Q Commissioning [Rare earth] MOU signed to establish rare earth supply chain Left : Lee, Seok-yoon, CEO of MiCo Right : Rhee, Kyongjin, Steel division ▪ Equity investment in Jet Zero(a leading Australian SAF developer), to secure supplies of key feedstocks, including ethanol & priority negotiation rights for SAF*/HVO** ▪ Status : Completed an investment of A$5M (approx. KRW 5B, ‘26.08), following verification of investment conditions ▪ Plan : Detailed off-take negotiations for SAF/HVO, review of follow-up collaboration, & initiation of FID process ’25.10 ’26.1Q ’26.8 Investment approval (conditional) Investment approval Fulfillment of conditions Investment agreement execution and funding ’25.11 HOA execution· Product certification obtained End of ’26 SAF/HVO offtake negotiations & review of follow-up cooperation opportunities [SAF] Equity investment agreement signed w/ Australia’s Jet Zero Left : Mr. Ed Mason, CEO of Jet Zero Right : Lee, Sung-su, Industrial materials division* SAF: Sustainable Aviation Fuel ** HVO: Hydrotreated Vegetable Oil
Page 10
Q & A
Page 11
Table of Contents Ⅰ. ’26.3Q Results Ⅱ. Key developments APPENDIX
Page 12
’26.3Q Financial Statements 12 (KRW Billion) 2025 2026 Y oY (%)1Q 2Q 3Q 4Q 1Q 2Q 3Q Sales 8,137 8,129 8,238 7,869 32,374 8,410 9,623 9,027 +9.6 Operating Profit S u m 275 338 323 229 1,165 358 429 401 +24.0 Energy 136 171 200 119 627 173 226 239 +19.6 Material, etc. 139 167 123 110 539 185 203 162 +31.1 (Ratio) 3.4% 4.2% 3.9% 2.9% 3.6% 4.3% 4.5% 4.4% +0.5%p Other Profit/Loss △3 △189 △47 △91 △330 △21 △89 34 Returned to profit Profit Before Tax 272 149 276 138 835 337 340 434 +57.2 Income Tax 68 58 67 5 198 60 93 33 △51.2 Net Income 204 91 210 133 637 277 247 402 +91.6 Income Statement Balance Sheet (KRW Billion) 2025 2026 Y oY (%)1Q 2Q 3Q 4Q 1Q 2Q 3Q Assets 17,328 16,956 17,388 18,753 19,745 20,480 19,115 +9.9 Cash & Cash equivalents 1,210 1,245 1,083 1,172 1,112 1,222 1,058 △2.3 AR(Net) 3,995 3,878 4,175 3,962 4,346 4,889 4,154 △0.5 Liability 10,001 9,686 9,975 10,940 12,013 12,472 11,474 +15.0 AP 2,280 2,226 2,232 2,200 2,125 2,513 2,558 +14.6 Loan(Net) 5,529 5,342 5,338 6,075 6,921 7,030 6,197 +16.1 Shareholders’ Equity 7,327 7,270 7,413 7,813 7,732 8,008 7,641 +3.1 (Net Debt Ratio) 59.0% 56.4% 57.4% 62.8% 75.1% 72.5% 67.3% +9.9%p
Page 13
Thank Y ou. Investor Relations / T el +82-2-759-3469 / E-mail : ir2026@poscointl.com