Third quarter 2021 results – ‘Third record -4-


1 The financial information contained in this press release and in appendix 1 has been prepared in accordance with the evaluation and recognition criteria of International Financial Reporting Standards (“IFRS”) as adopted in the European Union. Although the interim financial information included in this announcement has been prepared in accordance with IFRS applicable to interim periods, this announcement does not contain sufficient information to constitute an interim financial report as defined in International Accounting Standard 34, “Interim Financial Reporting “. Unless otherwise indicated, the figures and information contained in the press release have not been audited. The financial information and certain other information presented in a number of tables in this press release have been rounded to the nearest whole number or to the nearest decimal place. Therefore, the sum of the numbers in a column may not exactly match the total number given for that column. In addition, certain percentages presented in the tables in this press release reflect calculations based on the underlying information before rounding and, therefore, may not be exactly in line with the percentages that would be derived if the relevant calculations were based. on rounded numbers.

2 The Leadership Journey (R) is an initiative launched on December 16, 2010, then accelerated and scaled up, to target management gains and profit improvement. The fourth phase of the Leadership Journey (R) targets 150 million euros in earnings for the period 2021 – 2023 through a combination of measures to improve costs, growth and mix.

3,105 million euros of share buybacks during the first nine months of 2021 consist of (1) 100 million euros related to the share buyback program announced on July 30, 2021 and finalized during the third quarter 2021 with the acquisition of 1.96 million shares and (2) 5 million euros related to the acquisition of 0.10 million shares from a related party during the second quarter of 2021.

4 This press release also includes Alternative Performance Measures (“APM” hereafter). The Company believes that these NPAs are relevant to improving the understanding of its financial position and provide additional information to investors and management regarding the financial performance, capital structure and credit rating of the Company. These non-GAAP financial measures should be read in conjunction and not as an alternative to Aperam’s financial information prepared in accordance with IFRS. These non-GAAP measures may not be comparable to measures of the same name applied by other companies. The NPAs used are defined in appendix 2 “Terms and definitions”.

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1248509 12-Nov-2021 CET / CEST

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(END) Dow Jones Newswires

November 12, 2021 01:01 ET (06:01 GMT)


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