This is Outokumpu

Global megatrends call for long lasting and sustainable solutions

Mobility and

urbanization

Medical engineering

Sea water desalination

related investments

Chemical and

pharmaceutical growth

Energy investments

Commercial catering

and household goods

..and many more

Economic and

population growth

Climate change and

limited resources

Buildings

Elevators

Automotive

Aerospace

Train

Transportation

..and many more

+1

Continued growth for stainless steel globally

Americas

+8% +5% +5%

-1% -2% +1%

12 13 14 15f 16f 17f

Europe

+1% 0%

+4%

+1% -2% +1%

12 13 14 15f 16f 17f

APAC +13%

+9% +7%

+2% +2% +4%

12 13 14 15f 16f 17f

Global

+9% +7% +6%

+2% +1% +3%

12 13 14 15f 16f 17f

USA

+8% +6%

0% -2% 0%

12 13 14 15f 16f 17f

+6%

OTHER AMERICAS

+8%

+3% +4%

-4% -2%

+4%

12 13 14 15f 16f 17f

OTHER EMEA

+1%

+8%

-4% -5% +1%

+4%

12 13 14 15f 16f 17f

CHINA +19%

+12%

+8%

+4% +3%

12 13 14 15f 16f 17f

+4%

OTHER APAC

+3% +4%

+6%

-1% +1%

+3%

12 13 14 15f 16f 17f

Data source: SMR, February 2016

Real demand for total stainless steel (rolled & forged products, excl. 13Cr tubes, profiles)

About 1% demand growth expected for 2016

Stainless steels are everywhere

and for almost every need

Heating, cooling

& ventilation Oil & gas Pulp & paper

Chemical

industries Energy

Architecture,

building &

infrastructure

Automotive &

transportation

Catering, food

& beverage

Home

appliances

Stainless steel is

• Strong

• Resistant

• Formable

• Beautiful

• Safe

• Recyclable

Our vision

5 4/7/2016

To be the best

value creator

in stainless steel

by 2020 through

customer orientation

and efficiency.

Our strategic plan

The best value in the industry for customers,

shareholders and employees through:

PORTFOLIO

AMERICAS

MANUFACTURING

EXCELLENCE

WOLRD CLASS

SUPPLY CHAIN SAFETY

HIGH

PERFORMING

ORGANIZATION

VISION 2020:

To be the best value creator

in stainless steel by 2020

through customer orientation

and efficiency.

We work globally together with

our customers and partners

Solar power plant

Crescent Dunes, USA

Cloud gate

Chicago, USA

Chrysler Building

New York, USA

Air Force Memorial

Washington, USA

Coins blanks

Casa de Moneda, Mexico

New Street Station Network Rail

UK

Tanks for energy plant

Torresol, Spain

Waterfront building

Stockholm, Sweden

Storage tanks

Japrotek, Finland

Washing machine drums

Miele, Germany

BMW headquarters

Munich, Germany

Seawater/desalination plants

Abu Dhabi and Dubai

Qatar Foundation HQ

Qatar

Nuclear fusion reactor

Japan

Oil refinery & LNG plants

Sinopec, China

Stonecutters Bridge

Hong Kong

Ping An Finance Center

Shenzhen, China

Marina Bay Bridge

Singapore Gorgon LNG field project

Vantrunk, Australia

Burj Khalifa

Dubai

Our market share 2015 Europe 30% • NAFTA 21% Globally 8%

Integrated melt shop,

hot and cold rolling

Other mills

Mine

Service center

Nyby

Kemi

Tornio Avesta

Degerfors

Sheffield

Krefeld & Benrath

Dillenburg

Dahlerbrück

New Castle

Calvert

Wildwood

San Luis Potosí

Richburg

Our turnover 2015 (m€): 6,384

11,000 professionals in more than 30 countries.

Our operations

Safety is our number one priority in all operations

Safety starts

with me.

Safety comes

before volumes.

No

shortcuts.

No

repeats.

Our safety principles

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

Commercial terms

Technical expertise

Easy to deal with

Product quality

Delivery reliability

Customer

satisfaction

drivers

1,197 customer satisfaction interviews during 2015

Our technical expertise translates into customer benefits

Over 100 years of innovation

Continuous development

New, better solutions

Increases our customers

competitiveness

Profitability

Higher

efficiency

Sustainability

Our product forms

Ferrochrome Slab Quarto plate Hot rolled black coil

Hot and cold rolled white coil

Precision strip

Cast semis Rolled and forged billet

Bar Rebar Wire rod Welded pipe

Our product portfolio

Outokumpu organization

CTO Pekka Erkkilä

CFO Reinhard Florey(*

HR, IT, Health & Safety

Johann Steiner

Communications

& Marketing

Saara Tahvanainen

Coil EMEA

Olli-Matti Saksi

Coil Americas

Michael Williams

APAC

Jan Hofmann

Quarto Plate

Liam Bates

Long Products Kari Tuutti

President and CEO Roeland Baan

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

Key figures

Key figures – Quick facts 1) Excluding ferrochrome deliveries

2) EBITDA excluding

non-recurring items, other than

impairments; and inventory

gains/losses, unaudited

3) EBIT excl. non-recurring items and

inventory gains/losses, unaudited

4) Accounting capex

Quick facts 2015 2014

Stainless steel deliveries, 1,000 tonnes 1 2,381 2,554

Sales, EUR million 6,384 6,844

Underlying EBITDA 2, EUR million 196 232

Underlying EBIT 3, EUR million -101 -88

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

4/7/2016 16

Key figures – Deliveries by product grade

Austenitic

(CrNi) 55%

Austenitic

(CrNiMo) 22%

Ferritic 14%

Duplex 7% Other 3%

Management estimates full year 2015 4/7/2016 17

Key figures – Sales by segments

End-customers

15%

17%

5% 4%

17%

22%

20%

Consumer goods & medical

Automotive

Architecture, building & construction

Chemical, petrochem. and energy

Metal processing & tubes

Heavy industries

Other

56%

44%

Distributors

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

Key figures – Market position

Major stainless steel producers

Million tonnes 2014 2016

Tisco 2.6 3.1

Posco 2.5 2.5

Outokumpu 2.4 2.3

Acerinox 2.4 2.5

Yusco 1.8 1.8

Aperam 1.6 1.6

Baosteel 1.2 1.7

Outokumpu’s market share

At the end of 2015

Europe ~30%

NAFTA ~21%

Globally ~8%

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

4/7/2016 19

Working towards forever.

20

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

Thank you!

4/7/2016 21

www.outokumpu.com

choosestainless.outokumpu.com

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