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Ternium Sebastián Martí Ternium - Investor Relations +1 ( 866 ) 890 0443 +54 ( 11 ) 4018 8389 www.ternium.com Press Release Ternium Announces Third Quarter and First Nine Months of 2021 Results Luxembourg , November 2 , 2021 – Ternium S.A. ( NYSE : TX ) today announced its results for the third quarter and first nine months ended September 30 , 2021 . 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 . This press release includes certain non - IFRS alternative performance measures such as EBITDA , Net Debt and Free Cash Flow . The reconciliation of these figures to the most directly comparable IFRS measures is included in Exhibit I. Summary of Third Quarter of 2021 Results 3Q21 2Q21 3Q20² Steel Shipments ( tons ) Iron Ore Shipments ( tons ) Net Sales ( $ million ) 3,071,000 850,000 4,592.0 3,068,000 0 % 906,000 -6 % 2,845,000 8 % 869,000 -2 % 3,919.8 17 % 2,138.6 115 % Operating Income ( $ million ) 1,735.4 1,271.4 36 % 7.0 EBITDA ( $ million ) 1,880.6 1,420.2 32 % 353.4 432 % EBITDA Margin ( % of net sales ) 41 % 36 % 17 % EBITDA per Ton ( $ ) 612.4 462.9 124.2 Equity in earnings of non - consolidated 84.4 171.1 13.2 companies ( $ million ) Income Tax Result ( $ million ) ( 486.0 ) ( 307.1 ) ( 27.5 ) Net Result ( $ million ) 1,366.4 1,158.3 ( 21.0 ) Equity Holders ' Net Result ( $ million ) 1,202.1 1,022.1 ( 48.5 ) 6.12 5.21 ( 0.25 ) Earnings ( losses ) per ADS¹ ( $ ) • • EBITDA of $ 1.9 billion on steel shipments of 3.1 million tons , with EBITDA margin of 41 % and EBITDA per ton of $ 612.4 . Equity holders ' net income of $ 1.2 billion , equivalent to earnings per ADS of $ 6.12 . Net cash provided by operating activities of $ 586.0 million , including working capital increase of $ 1.1 billion mainly due to the impact of higher realized steel prices and costs , and higher inventory volumes . Free cash flow of $ 475.4 million after capital expenditures of $ 110.6 million . Net cash position of $ 0.3 billion at the end of September 2021 , up from net debt position of $ 0.2 billion at the end of June 2021 . 1