Q3 2023 Aperam SA Pre-Recorded Earnings Presentation Transcript

Nov 10, 2023 / NTS GMT

Release Date Price: €27.43 (-1.37%)

Transcript

Timoteo Di Maulo

Aperam S.A. - CEO

Welcome to Aperam Q3 broadcast. I am Tim Di Maulo, CEO of Aperam. Together with Sud Sivaji, Aperam's CFO, I will explain why Q3 was a tough quarter and how we'll surpass expectation again in the future. We will answer your questions at the webcast conference call today at 2:30 CET. The dial-in details are on our website and on the last slide of this presentation.

Please take note of the disclaimer on Page 2 and then move to the highlights on Slide 3. Reporting the worst quarter in Aperam history is painful, but we have a plan for the turnaround, and we also know that onetime effects play a major role here. We hit bottom to a very high inventory valuation charge and the footprint upgrade caused severe production issue in the upstream operation of our Belgium plants. The problems has been resolved and

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