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Ternium August 5 , 2026 Second Quarter of 2026 Earnings Conference Call and Webcast Termium
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This presentation contains certain forward-looking statements and information relating to Ternium S.A. and its subsidiaries (collectively, “Ternium”) that are based on the current beliefs of its management as well as assumptions made by and information currently available to Ternium. Such statements reflect the current views of Ternium with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of Ternium to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic, political conditions in the countries in which Ternium does business or other countries which have an impact on Ternium’s business activities and investments, changes in interest rates, changes in inflation rates, changes in exchange rates, the degree of growth and the number of consumers in the markets in which Ternium operates and sells its products, changes in steel demand and prices, changes in raw material and energy prices or difficulties in acquiring raw materials or energy supply cut-offs, changes in business strategy and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or targeted. Ternium does not intend, and does not assume any obligation, to update these forward-looking statements. This presentation includes certain non-IFRS alternative performance measures such as Adjusted EBITDA, Cash Operating Income, Net Debt, Net Cash and Free Cash Flow. The reconciliation of these figures to the most directly comparable IFRS measures is included in Ternium’s applicable quarterly results Press Release in Exhibit I. These non-IFRS measures should not be considered in isolation of, or as a substitute for, measures of performance prepared in accordance with IFRS. These non- IFRS measures do not have a standardized meaning under IFRS and, therefore, may not correspond to similar non-IFRS financial measures reported by other companies. Forward-Looking Statements and Non-IFRS Alternative Performance Measures 2
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403 420 395 479 717 10% 11% 10% 12% 17% 0% 2% 4% 6% 8% 10% 12% 14% 16% 2Q25 3Q25 4Q25 1Q26 2Q26 247 (4) 1 479 717 (23) 17 MINING SEGMENT 2Q261Q26 STEEL SEGMENT VOLUME PRICE/ MIX COST/ OTHERS INTERSEGMENT ELIMINATIONS ADJUSTED EBITDA ($ MILLION) AND ADJUSTED EBITDA MARGIN (%) ADJUSTED EBITDA QUARTERLY CHANGE ($ MILLION) Adjusted EBITDA increased sequentially, driven by improving market fundamentals in Mexico and a more constructive steel market environment in Brazil. Higher realized steel prices, mainly in Mexico and Brazil, partially offset by slightly higher steel unit costs. Second Quarter of 2026 Adjusted EBITDA 3
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259 (270) 171 372 465 2Q25 3Q25 4Q25 1Q26 2Q26 NET INCOME (LOSS) ($ MILLION) NET INCOME QUARTERLY CHANGE ($ MILLION) Second Quarter of 2026 Net Income NET FIN. RESULTS USIMINAS LITIGATION INCOME TAX 1Q26 2Q26 372 (62) 4 24 465 238 OPERATING INCOME (116) Gains from higher operating income were partially offset by lower net financial results (mainly FX) and a higher income tax charge on lower deferred tax gains. Strong net income was supported by robust operating performance. 8 OTHERS
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USA 2% Other 2% Brazil 24% Colombia 4% Other Markets 8% Mexico 54% Southern Region 13% GEOGRAFICAL INFORMATION (THOUSAND TONS) REGIONAL DISTRIBUTION Second Quarter of 2026 Steel Segment Shipments 5 1,784 1,849 1,887 1,983 2,082 980 994 965 945 937 566 557 567 460 519 390 357 307 320 320 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 Mexico Brazil Southern Region Other Markets
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CASH OPERATING INCOME ($ MILLION) Second Quarter of 2026 Steel Segment Performance STEEL SHIPMENTS (MILLION TONS) AND REVENUE PER TON ($ PER TON) STEEL CASH OPERATING INCOME PER TON AND MARGIN 0 500 1000 1500 2000 0.0 2Q25 3Q25 4Q25 1Q26 2Q26 Revenue per Ton (right hand axis) 3.83.7 3.93.73.7 94 104 92 111 169 9% 10% 9% 11% 16% 0% 2Q25 3Q25 4Q25 1Q26 2Q26 Steel Cash Operating Income per Ton ($/ton) Steel Cash Operating Income Margin (%) 350 391 342 410 650 2Q25 3Q25 4Q25 1Q26 2Q26 6 Shipments increased on higher volumes in Mexico and the Southern Region, while revenue per ton continued to rise. Cash Operating Income increased sequentially on higher realized prices and volumes, partly offset by slightly higher costs. Profitability continued to improve, with margin expanding to 16%.
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Second Quarter of 2026 Mining Segment Performance MINING CASH OPERATING INCOME PER TON AND MARGIN Shipments rebounded with the seasonal recovery in Brazil. Cash Operating Income eased slightly, on lower realized iron ore prices, partly offset by higher volumes. Margins held broadly in line. 3.3 3.2 3.4 2.8 3.3 0 50 100 150 200 0.0 2Q25 3Q25 4Q25 1Q26 2Q26 Revenue per Ton (right hand axis) 16 12 14 22 17 19% 14% 16% 22% 18% 0% 2Q25 3Q25 4Q25 1Q26 2Q26 Mining Cash Operating Income per Ton ($/ton) Mining Cash Operating Income Margin (%) 7 54 38 48 61 58 2Q25 3Q25 4Q25 1Q26 2Q26 CASH OPERATING INCOME ($ MILLION)MINING SHIPMENTS (MILLION TONS) AND REVENUE PER TON ($ PER TON)
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1,044 535 528 217 256 781 174 135 (233) (418) 2Q25 3Q25 4Q25 1Q26 2Q26 Cash from operations (Incr.) decr. in working capital (1.0) (0.7) (0.7) (0.3) 0.1 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 CASH FROM OPERATIONS AND CHANGES IN WORKING CAPITAL ($ MILLION) Second Quarter of 2026 Cash Flow and Balance Sheet CAPEX ($ MILLION) NET DEBT POSITION ($ BILLION) Strong cash generation included a working capital build, driven by higher sales and increased costs. CAPEX reflected progress on the new steel shop at the Pesquería industrial center. The shift to a net debt position mainly reflected still high capex levels, a dividend payment and the working capital build. 810 711 463 406 431 2Q25 3Q25 4Q25 1Q26 2Q26 8
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First Half of 2026 Performance Summary NET INCOME ($ MILLION)ADJUSTED EBITDA ($ MILLION) AND ADJUSTED EBITDA MARGIN (%) CAPEX ($ MILLION) • 1H26 Adjusted EBITDA rose year-over-year, with the margin expanding to 14%, on higher realized steel prices and lower steel costs per ton. • Net income more than doubled year-over-year, driven by stronger operating income on higher steel margins. • Cash from operations reflected higher working capital needs versus a release in the prior year. 2,740 2,038 1,541 725 1,19516% 12% 10% 9% 14% 0% 5% 10% 15% 20% 25% 0 500 1000 1500 2000 2500 3000 2023 2024 2025 1H 2025 1H 2026 986 174 303 402 837 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 900.0 1,000.0 2023 2024 2025 1H2025 1H2026 CASH FROM OPERATIONS ($ MILLION) 2,501 1,906 2,314 1,251 473 2023 2024 2025 1H2025 1H2026 9 1,461 1,865 2,501 1,327 837 2023 2024 2025 1H2025 1H2026
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