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Ternium Sebastián Martí Ternium - Investor Relations +1 ( 866 ) 890 0443 +54 ( 11 ) 4018 8389 www.ternium.com Ternium Announces First Quarter of 2021 Results Press Release Luxembourg , April 27 , 2021 quarter ended March 31 , 2021 . Ternium S.A. ( NYSE : TX ) today announced its results for the first The financial and operational information contained in this press release is based on Ternium S.A.'s operational data and consolidated condensed interim financial statements prepared in accordance with IAS 34 “ Interim financial reporting ” ( IFRS ) and presented in US dollars ( $ ) and metric tons . Summary of First Quarter of 2021 Results 1Q2021 4Q2020 1Q2020 Steel Shipments ( tons ) 3,099,000 3,067,000 1 % 2,998,000 Iron Ore Shipments ( tons ) Net Sales ( $ million ) Operating Income ( $ million ) 1,035,000 3,249.3 905.8 943,000 10 % 2,579.7 26 % 3 % 993,000 4 % 2,271.4 43 % 677.2 34 % 135.7 568 % EBITDA¹ ( $ million ) 1,057.4 645.2 64 % 302.1 250 % EBITDA Margin ( % of net sales ) 33 % 25 % 13 % EBITDA Ton² ( $ ) per 341.1 210.3 100.8 Financial Result , Net ( $ million ) 16.0 ( 55.5 ) 106.2 Income Tax Result ( $ million ) ( 261.6 ) ( 9.0 ) ( 267.3 ) Net Result ( $ million ) 706.7 670.6 ( 19.4 ) Equity Holders ' Net Result ( $ million ) 602.9 600.4 ( 11.6 ) Earnings per ADS³ ( $ ) 3.07 3.06 ( 0.06 ) • • EBITDA of $ 1.1 billion on steel shipments of 3.1 million tons , with EBITDA margin of 33 % and EBITDA per ton of $ 341.1 . Net cash provided by operating activities of $ 327.8 million , including a working capital increase • Equity holders ' net income of $ 602.9 million , equivalent to earnings per ADS of $ 3.07 . of $ 666.2 million mainly reflecting the impact of higher realized steel prices and costs . Free cash flow of $ 198.1 million after capital expenditures of $ 129.7 million . • Net debt position of $ 228.9 million at the end of March 2021 , down from $ 371.5 million at the end of December 2020 , with net debt to last twelve months EBITDA ratio of 0.1 times . The positive tone continued at Ternium's main steel markets during the first quarter of 2021 , combining sustained steel demand and an even stronger pricing environment . On the volume side , the company's steel shipments in the first quarter of 2021 were 3.1 million tons , up 1 % sequentially with a moderate shipment increase in Mexico that was partially offset by lower shipments in the Southern Region . On an year - over - year basis , shipments in the first quarter of 2021 were up 3 % reflecting a moderate volume increase in Mexico and a significant recovery in the Southern Region , partially offset by lower slab volumes shipped to third parties . 1