<SEC-DOCUMENT>0001342874-20-000069.txt : 20201103
<SEC-HEADER>0001342874-20-000069.hdr.sgml : 20201103
<ACCEPTANCE-DATETIME>20201103161924
ACCESSION NUMBER:		0001342874-20-000069
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200930
FILED AS OF DATE:		20201103
DATE AS OF CHANGE:		20201103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ternium S.A.
		CENTRAL INDEX KEY:			0001342874
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32734
		FILM NUMBER:		201283724

	BUSINESS ADDRESS:	
		STREET 1:		26, BOULEVARD ROYAL
		STREET 2:		4TH FLOOR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2449
		BUSINESS PHONE:		(352) 4661-11-3815

	MAIL ADDRESS:	
		STREET 1:		26, BOULEVARD ROYAL
		STREET 2:		4TH FLOOR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2449
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>prternium3q2020.htm
<DESCRIPTION>6-K
<TEXT>
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<title>Document</title></head><body><div id="i527cc29cffe54d10a2672e333071f4c4_1"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%">FORM 6 - K</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Washington, D.C. 20549</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Report of Foreign Private Issuer</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Pursuant to Rule 13a - 16 or 15d - 16 of</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">the Securities Exchange Act of 1934</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:700;line-height:120%">As of 11&#47;3&#47;2020 </font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:700;line-height:120%">Ternium S.A. </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(Translation of Registrant's name into English)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:700;line-height:120%">Ternium S.A.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div style="padding-left:108pt;text-align:center;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">26, Boulevard Royal - 4th floor</font></div><div style="padding-left:36pt;text-align:center;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">L-2449 Luxembourg </font></div><div style="padding-left:144pt;text-align:center;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">(352) 2668-3152 </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(Address of principal executive offices)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="padding-right:2.25pt;text-align:center;text-indent:20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40-F.</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Form 20-F </font><font style="color:#000000;font-family:'Webdings',sans-serif;font-size:16pt;font-weight:400;line-height:120%;text-decoration:underline">a</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Form 40-F </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:120%">__</font></div><div style="text-align:center"><font><br></font></div><div style="text-indent:20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12G3-2(b) under the Securities Exchange Act of 1934.</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Yes </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:120%">__</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">No </font><font style="color:#000000;font-family:'Webdings',sans-serif;font-size:16pt;font-weight:400;line-height:120%;text-decoration:underline">a</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center;text-indent:20.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b)&#58; </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Not applicable</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The attached material is being furnished to the Securities and Exchange Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934, as amended.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:140%">This report contains Ternium S.A.&#8217;s press release announcing third quarter and first nine months of 2020 results.</font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">SIGNATURE</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></div><div><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">TERNIUM S.A. </font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">By&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">&#47;s&#47; Pablo Brizzio</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;By&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">&#47;s&#47; M&#225;ximo Vedoya</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Name&#58; Pablo Brizzio&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Name&#58; M&#225;ximo Vedoya</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Title&#58; Chief Financial Officer&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Title&#58; Chief Executive Officer</font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:115%">Dated&#58; November&#160;3, 2020 </font></div><div><font><br></font></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="i527cc29cffe54d10a2672e333071f4c4_4"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.172%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.172%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:44.356%"></td><td style="width:0.1%"></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:32pt"><td colspan="3" style="padding:0 1pt"><div style="padding-left:36pt"><img alt="terniumlogoa141.gif" src="terniumlogoa141.gif" style="height:32px;width:98px"></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><img alt="pressreleasea131.gif" src="pressreleasea131.gif" style="height:22px;width:154px"></div></td></tr></table></div></div><div><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Sebasti&#225;n Mart&#237;</font></div><div><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Ternium - Investor Relations</font></div><div><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">+1   (866) 890 0443</font></div><div><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">+54 (11) 4018 8389</font></div><div><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">www.ternium.com</font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-top:8pt;text-align:justify"><font style="color:#ff3300;font-family:'Trade Gothic',sans-serif;font-size:16pt;font-weight:700;line-height:120%">Ternium Announces Third Quarter and First Nine Months of 2020 Results</font></div><div style="margin-top:8pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">Luxembourg, November&#160;3, 2020 &#8211; Ternium S.A. (NYSE&#58; TX) today announced its results for the third quarter and first nine months ended September&#160;30, 2020.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">The financial and operational information contained in this press release is based on Ternium S.A.&#8217;s</font></div><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">operational data and consolidated condensed interim financial statements prepared in accordance with IAS 34 &#8220;Interim financial reporting&#8221; (IFRS) and presented in U.S. dollars ($) and metric tons.</font></div><div><font><br></font></div><div id="i527cc29cffe54d10a2672e333071f4c4_7"></div><div><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Summary of Third Quarter of 2020 Results</font></div><div><font><br></font></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:46.451%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.274%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.537%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.642%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.640%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.431%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.642%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.640%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.543%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:100%">3Q2020</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="6" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:100%">2Q2020</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:100%">3Q2019</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Steel Shipments (tons)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">2,845,000</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">2,449,000</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">16&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">3,057,000</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">-7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Iron Ore Shipments (tons)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">869,000</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">991,000</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">-12&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">904,000</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">-4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Net Sales ($ million)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">2,138.6</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">1,745.8</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">23&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">2,449.7</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">-13&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Operating Income ($ million)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">201.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">65.6</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">207&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">228.6</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">-12&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">EBITDA</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:100%;position:relative;top:-3.85pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%"> ($ million)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">353.4</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">223.9</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">58&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">388.0</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">-9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">EBITDA Margin (% of net sales)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">17&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">13&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">16&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">EBITDA per Ton</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:100%;position:relative;top:-3.85pt;vertical-align:baseline">2 </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">($)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">124.2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">91.4</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">126.9</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Financial Result, Net ($ million)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">(13.7)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">(14.6)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">(34.9)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Income Tax Result ($ million)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">(27.5)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">12.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">(83.6)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Net Result ($ million)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">173.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">43.6</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">111.9</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Equity Holders' Net Result ($ million)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">145.6</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">44.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">95.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Earnings per ADS</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:100%;position:relative;top:-3.85pt;vertical-align:baseline">3</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%"> ($)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">0.74</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">0.22</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">0.49</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">EBITDA of $353.4 million on steel shipments of 2.8 million tons, with EBITDA margin of 17% and EBITDA per ton of $124.2.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">Equity holders' net income of $145.6 million, equivalent to earnings per ADS of $0.74.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">Net cash provided by operating activities of $460.0 million, including a working capital decrease of $140.6 million.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">Capital expenditures of $71.1 million, a 36% sequential decrease reflecting the company's decision to slow or postpone several projects across its facilities.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">Free cash flow</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:115%;position:relative;top:-3.85pt;vertical-align:baseline">4</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%"> of $388.8 million.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">Net debt position</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:115%;position:relative;top:-3.85pt;vertical-align:baseline">5</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%"> of $562.4 million at the end of September 2020, down from $917.4 million at the end of June 2020, with net debt to last twelve months EBITDA ratio of 0.5 times.</font></div><div style="padding-left:6.75pt;text-align:justify;text-indent:-6.75pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">Ternium's main markets rebounded in the third quarter of 2020 from their trough during the second quarter. Total steel shipments in the third quarter reached 2.8 million tons, up 16% on a sequential </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">basis, with higher finished steel shipments in the company's key markets partially offset by lower slab shipments to third parties. Shipments in the third quarter were down 7% over the same period in 2019.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">In Mexico, the company's main steel market, shipments recovered 23% sequentially to 1.4 million tons. The country's manufacturing industries continued ramping up their facilities during the third quarter, and activity in the construction sector slightly improved. Compared to the same period in 2019, shipments in Mexico were down 11% in the third quarter of 2020.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">In the Southern Region, Ternium&#8217;s shipments reached 547,000 tons in the third quarter of 2020, increasing 59% on a sequential basis from a very weak second quarter. On an year-over-year basis, shipments increased 9%.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">In the Other Markets region, Ternium's finished steel shipments in the third quarter of 2020 increased sequentially and on an year-over-year basis, with a return to pre-pandemic levels in Colombia and continued strong demand in the US market. During the third quarter of 2020 the company's slab facility in Brazil returned to full capacity from minimum utilization rates in April, significantly increasing its integration with other Ternium's mills.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">The company&#8217;s EBITDA per ton in the third quarter of 2020 was $124, increasing $33 on a sequential basis, mainly reflecting an increase in revenue per ton mostly due to a higher value added product mix, partially offset by a slight increase in operating cost per ton. On an year-over-year basis, EBITDA per ton levels were similar.</font></div><div id="i527cc29cffe54d10a2672e333071f4c4_10"></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Summary of First Nine Months of 2020 Results</font></div><div><font><br></font></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:84.044%"><tr><td style="width:1.0%"></td><td style="width:55.478%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.373%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.867%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.238%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.871%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:100%">9M2020</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:100%">9M2019</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Steel Shipments (tons)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">8,292,000</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">9,594,000</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">-14&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Iron Ore Shipments (tons)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">2,854,000</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">2,659,000</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Net Sales ($ million)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">6,155.8</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">7,942.8</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">-22&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Operating Income ($ million)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">402.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">772.3</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">-48&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">EBITDA</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:100%;position:relative;top:-3.85pt;vertical-align:baseline">6</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%"> ($ million)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">879.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">1,262.6</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">-30&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">EBITDA Margin (% of net sales)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">14&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">16&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">EBITDA per Ton ($)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">106.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">131.6</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Financial Result, Net ($ million)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">77.8</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">(68.9)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Income Tax Result ($ million)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">(282.5)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">(200.4)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Net Result ($ million)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">197.2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">540.1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Equity Holders' Net Result ($ million)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">178.1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">493.8</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Earnings per ADS ($)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">0.91</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">2.52</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">EBITDA of $879.3 million on steel shipments of 8.3 million tons, with EBITDA margin of 14% and EBITDA per ton of $106.0.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">Equity holders' net income of $178.1 million, equivalent to earnings per ADS of $0.91, negatively affected by a non-cash deferred tax loss of $0.72 per ADS as a result of a 16% depreciation of the Mexican peso in the period.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">Net cash provided by operating activities of $1.4 billion including a working capital decrease of $628.1 million.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%;padding-left:14.15pt">Free cash flow</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:115%;position:relative;top:-3.85pt;vertical-align:baseline">7</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%"> of $1.0 billion after capital expenditures of $439.6 million.</font></div><div style="padding-left:6.75pt;text-align:justify;text-indent:-6.75pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">Ternium&#8217;s steel shipments in the first nine months of 2020 were 8.3 million tons, down 1.3 million tons compared to the same period in 2019 reflecting lower activity in the context of the COVID-19 outbreak. </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">Shipments in the first nine months of 2020 decreased 10% in Mexico, 13% in the Southern Region and 19% in the Other Markets region.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">EBITDA per ton decreased $26 year-over-year to $106, mainly reflecting lower steel prices, partially offset by lower cost per ton, which decreased due to lower purchased slab, raw material and energy costs and the positive impact on costs of weak local currencies vis-a-vis the U.S. dollar, partially offset by the negative impact on costs of lower mill utilization rates.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">The company&#8217;s net earnings in the first nine months of 2020 were $197.2 million, including a $77.8 million net financial result gain, mainly reflecting the Mexican peso and Brazilian real depreciation of 16% and 29%, respectively, against the U.S. dollar in the first nine months of 2020, and a $141.2 million non-cash deferred tax loss in connection with the depreciation of the Mexican peso in the period.</font></div><div id="i527cc29cffe54d10a2672e333071f4c4_13"></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">COVID-19 Update</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:105%">During the third quarter of 2020, the pandemic&#8217;s impact on steel demand in the Americas lessened significantly, allowing all of Ternium&#8217;s industrial facilities to return to normal production rates. In addition, Ternium restarted several of its capital expenditure projects, including the continued construction of a new hot-rolling mill at the company&#8217;s industrial center in Pesquer&#237;a, Mexico and the final commissioning of a greenfield rebar facility in Colombia.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:105%">Though shipment levels in all of Ternium's markets are currently strong, uncertainty persists about the future course of the COVID-19 pandemic and related countermeasures in markets around the world.</font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Outlook</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:105%">Ternium expects EBITDA in the fourth quarter of 2020 to increase compared to EBITDA in the third quarter of 2020, due to higher shipments and realized steel prices in its key markets.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:105%">In Mexico, the company anticipates steel volumes returning to pre-pandemic levels in the fourth quarter of 2020, as well as a continued recovery of shipments to the automotive, household appliances and HVAC industries driven by solid end-user demand in the U.S. market. Shipments to the construction market are also expected to sequentially improve, with steady demand from small construction and various governmental infrastructure projects.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:105%">In the Southern Region, following record-low shipments in the second quarter of 2020, volumes increased by 59% in the third quarter of 2020. Specifically in Argentina, this recovery was supported by advances in durable goods purchases and a buildup in building materials in the private construction sector. If this market dynamic persists throughout the rest of the year, it could support an additional sequential shipment increase in the Argentine market.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:115%">Ternium expects slab shipments from its facility in Brazil to remain stable in the fourth quarter of 2020 compared to levels in the third quarter, with a continued increase in domestic sales substituting exports to third parties, reflecting a faster than expected recovery in Brazilian domestic steel consumption.</font></div><div style="text-align:justify"><font><br></font></div><div id="i527cc29cffe54d10a2672e333071f4c4_16"></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Analysis of Third Quarter of 2020 Results </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Net sales </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">in the third quarter of 2020 were $2.1 billion, 13% lower than net sales in the third quarter of 2019. The following table outlines Ternium&#8217;s consolidated net sales for the third quarter of 2020 and the third quarter of 2019&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:20.542%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.905%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.588%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.904%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.272%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.589%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.746%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.904%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.324%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.589%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.588%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.746%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.703%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Net Sales <br>(million $)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Shipments <br>(thousand tons)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Revenue&#47;ton <br>($&#47;ton)</font></td></tr><tr><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2019</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Dif.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2019</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Dif.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2019</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Dif.</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:2pt;text-indent:9pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Mexico</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,065.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,334.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-20&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,445&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,629&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-11&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">737&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">820&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-10&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:2pt;text-indent:9pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Southern Region</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">495.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">435.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">14&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 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Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">906&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">865&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:2pt;text-indent:9pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Other Markets</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">508.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">595.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-15&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">853&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT 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style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">644&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Total steel products</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2,069.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2,365.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-13&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT 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style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">727&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">774&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;Other products</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">*</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%"> </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">45.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">83.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-46&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Steel segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#8a8a8a;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">2,114.9</font></td><td colspan="3" style="background-color:#8a8a8a;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">2,449.7</font></td><td colspan="2" style="background-color:#8a8a8a;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">-14</font><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#8a8a8a;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Mining segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#8a8a8a;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">91.3</font></td><td colspan="3" style="background-color:#8a8a8a;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">111.7</font></td><td colspan="2" style="background-color:#8a8a8a;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">-18</font><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#8a8a8a;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">869&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">904&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">105&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">124&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-15&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Intersegment eliminations</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(67.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(111.7)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Net sales</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#8a8a8a;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">2,138.6</font></td><td colspan="3" style="background-color:#8a8a8a;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">2,449.7</font></td><td colspan="2" style="background-color:#8a8a8a;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">-13</font><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#8a8a8a;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="39" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">*</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:9pt;font-weight:400;line-height:100%"> The item &#34;Other products&#34; primarily includes Ternium Brasil&#8217;s and Ternium M&#233;xico&#8217;s electricity sales.</font></div></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Cost of sales</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%"> was $1.8 billion in the third quarter of 2020, a decrease of $259.8 million compared to the third quarter of 2019. This was principally due to a $215.8 million, or 14%, decrease in raw material and consumables used, reflecting a 7% decrease in steel shipment volumes and lower purchased slabs, raw material and energy costs&#59; and to a $44.0 million decrease in other costs, mainly including a $21.1 million decrease in labor costs, a $13.6 million decrease in services and fees and a $10.9 decrease in maintenance expenses.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Selling, General &#38; Administrative (SG&#38;A) expenses</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%"> in the third quarter of 2020 were $183.1 million, or 9% of net sales, a decrease of $28.8 million compared to SG&#38;A expenses in the third quarter of 2019 mainly due to a $9.6 million decrease in amortization of intangible assets, an $8.3 million decrease in labor costs, a $7.9 million decrease in services and fees and a $2.9 million decrease in offices expenses.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Operating income </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">in the third quarter of 2020 was $201.0 million compared to operating income of $228.6 million in the third quarter of 2019 representing a steady rate of 9% of the net sales. The following table outlines Ternium&#8217;s operating income by segment for the third quarter of 2020 and third quarter of 2019&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.684%"><tr><td style="width:1.0%"></td><td style="width:21.245%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.592%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.408%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.933%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.592%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.774%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.933%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.592%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.616%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.933%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.592%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.523%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Steel segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Mining segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Intersegment</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">eliminations</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1.12pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">$ million</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2019</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2019</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2019</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2019</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Net Sales</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2,114.9</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2,449.7</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">91.3</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">111.7</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(67.6)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(111.7)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2,138.6</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2,449.7</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Cost of sales</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(1,762.2)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(2,065.1)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(60.2)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(61.6)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">65.9</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">110.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(1,756.6)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(2,016.4)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">SG&#38;A expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(175.4)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(208.2)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(7.7)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(3.7)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(183.1)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(211.9)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Other operating income, net</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1.8</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">6.9</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">0.2</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">0.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2.0</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">7.2</font></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Operating income</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">179.2</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">183.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">23.5</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">46.7</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">(1.7)</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">(1.4)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">201.0</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">228.6</font></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">EBITDA</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">318.7</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">330.7</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">36.4</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">58.7</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">(1.7)</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">(1.4)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">353.4</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">388.0</font></td></tr></table></div><div style="padding-left:13.5pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Net financial results </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">were a $13.7 million loss in the third quarter of 2020, compared to a $34.9 million loss in the third quarter of 2019.  </font></div><div style="text-align:justify"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Equity in results of non-consolidated companies</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%"> was a gain of $13.2 million in the third quarter of 2020, compared to a gain of $1.9 million in the third quarter of 2019 mainly due to positive results in Ternium investment in Usiminas and Techgen.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Income tax expense </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">in the third quarter of 2020 was $27.5 million compared to $83.6 million in the third quarter of 2019. Income tax in the third quarter of 2020 included a $24.9 million non-cash gain on deferred taxes due to the appreciation of the Mexican peso against the U.S. dollar, which reduces, in U.S. dollar terms, the tax base used to calculate deferred taxes at our Mexican subsidiaries (which have the U.S dollar as their functional currency). </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div id="i527cc29cffe54d10a2672e333071f4c4_19"></div><div><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Analysis of First Nine Months of 2020 Results </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Net sales </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">in the first nine months of 2020 were $6.2 billion, 22% lower than net sales in the first nine months of 2019. The following table outlines Ternium&#8217;s consolidated net sales for the first nine months of 2020 and the first nine months of 2019&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:19.595%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.431%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.904%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.272%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.589%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.746%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.272%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.589%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.904%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.282%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Net Sales (million $)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Shipments (thousand tons)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Revenue&#47;ton ($&#47;ton)</font></td></tr><tr><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2019</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Dif.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2019</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Dif.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2019</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Dif.</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 12pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Mexico</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">3,186.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">4,129.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-23&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">4,269&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">4,761&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-10&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">746&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">867&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-14&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 12pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Southern Region</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,129.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,252.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-10&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,270&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,454&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-13&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">889&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">862&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 12pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Other Markets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,654.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2,316.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-29&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2,753&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">3,379&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-19&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">601&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">686&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-12&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Total steel products</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">5,970.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">7,698.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-22&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">8,292&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">9,594&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-14&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">720&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">802&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-10&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Other products</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">*</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%"> </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">132.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">244.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-46&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Steel segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#8a8a8a;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">6,102.3</font></td><td colspan="3" style="background-color:#8a8a8a;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">7,942.8</font></td><td colspan="2" style="background-color:#8a8a8a;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">-23</font><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#8a8a8a;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Mining segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#8a8a8a;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">284.8</font></td><td colspan="3" style="background-color:#8a8a8a;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT 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colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2,659&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">100&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">99&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Intersegment eliminations</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(231.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(264.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Net sales</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#8a8a8a;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">6,155.8</font></td><td colspan="3" style="background-color:#8a8a8a;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">7,942.8</font></td><td colspan="2" style="background-color:#8a8a8a;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">-22</font><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#8a8a8a;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#FFFFFF;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="39" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">*</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:9pt;font-weight:400;line-height:100%">  The item &#34;Other products&#34; primarily includes Ternium Brasil&#8217;s and Ternium M&#233;xico&#8217;s electricity sales.</font></div></td></tr></table></div><div style="padding-left:13.5pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Cost of sales</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%"> was $5.2 billion in the first nine months of 2020, a decrease of $1.3 billion compared to the first nine months of 2019. This was principally due to a $1.1 billion, or 22%, decrease in raw material and consumables used, mainly reflecting a 14% decrease in steel shipment volumes and lower purchased slabs, raw material and energy costs&#59; and to a $195.7 million decrease in other costs, mainly including a $92.4 million decrease in maintenance expenses, a $79.7 million decrease in labor costs and a $33.5 million decrease in services and fees partially compensated by $14.3 increase in depreciation of property, plant and equipment. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Selling, General &#38; Administrative (SG&#38;A) expenses</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%"> in the first nine months of 2020 were $566.1 million, or 9% of net sales, a decrease of $108.4 million compared to SG&#38;A expenses in the first nine months of 2019 mainly due to $25.8 million decrease in labor costs, a $25.7 million decrease in amortization of intangible assets, a $21.5 million decrease in freight and transportation, a $16.8 million decrease in services and fees and a $11.5 million decrease in taxes.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Operating income </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">in the first nine months 2020 was $402.3 million, or 7% of net sales, compared to operating income of $772.3 million, or 10% of net sales in the first nine months 2019. The following table outlines Ternium&#8217;s operating income by segment for the first nine months of 2020 and first nine months of 2019&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.684%"><tr><td style="width:1.0%"></td><td style="width:21.245%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.592%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.408%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.933%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.592%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.774%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.933%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.592%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.616%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.933%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.592%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.567%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.523%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Steel segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Mining segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Intersegment</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">eliminations</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1.12pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">$ million</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2019</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2019</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2019</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2019</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Net Sales</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">6,102.3</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">7,942.8</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">284.8</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">264.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(231.3)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(264.3)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">6,155.8</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">7,942.8</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Cost of sales</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(5,223.3)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(6,587.0)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(195.0)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(186.2)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">232.5</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">264.1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(5,185.8)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(6,509.1)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">SG&#38;A expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(547.8)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(663.2)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(18.4)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(11.4)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(566.1)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(674.5)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Other operating (loss) income, net</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(0.9)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">13.6</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(0.6)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(0.4)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(1.5)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">13.2</font></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Operating income</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">330.2</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">706.2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">70.8</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">66.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">1.2</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">(0.2)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">402.3</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">772.3</font></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">EBITDA</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">771.2</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">1,161.1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">106.9</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">101.7</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">1.2</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">(0.2)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">879.3</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">1,262.6</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:13.5pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Net financial results </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">were a $77.8 million gain in the first nine months of 2020, mainly reflecting the positive impact of the Mexican peso and Brazilian real depreciation against the U.S. dollar, of 16% and 29% respectively in the period, on a net short local currency position at Ternium's Mexican and Brazilian subsidiaries. In the first nine months of 2019, net financial results were a loss of $68.9 million.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Equity in results of non-consolidated companies</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%"> was a loss of $0.4 million in the first nine months of 2020, compared to a gain of $37.1 million in the same period in 2019 mainly due to negative results in Usiminas investment.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Income tax expense </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">in the first nine months of 2020 was $282.5 million compared to $200.4 million in the first nine months of 2019. Income tax in the first nine months of 2020 included a $141.2 million non-cash loss on deferred taxes due to the significant depreciation of the Mexican peso against the U.S. dollar, which changes, in U.S. dollar terms, the tax base used to calculate deferred taxes at our Mexican subsidiaries (which have the U.S dollar as their functional currency). </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div id="i527cc29cffe54d10a2672e333071f4c4_22"></div><div><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Cash Flow and Liquidity</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">Net cash provided by operating activities in the first nine months of 2020 was $1.4 billion. Working capital decreased by $628.1 million in the first nine months of 2020 as a result of a $491.0 million decrease in inventories and an aggregate $142.1 million decrease in trade and other receivables, partially offset by an aggregate $4.9 million net decrease in accounts payable and other liabilities. The inventory value decrease in the first nine months of 2020 was due to a $259.6 million lower steel volume, a $134.1 million inventory value decrease in raw materials, supplies and other, and a $97.3 million lower cost of steel.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">Capital expenditures in the first nine months of 2020 were $439.6 million, $305.3 million lower than in the first nine months of 2019 as Ternium has slowed or postponed several projects across its facilities, including its new hot-rolling mill in the company&#8217;s Pesquer&#237;a industrial center in Mexico. The main investments carried out during the first nine months of 2020 included those made for the new hot-rolling mill, the capacity expansion of the pulverized coal injection system in the company's Rio de Janeiro unit </font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">in Brazil, and projects aimed at further improving environmental and safety conditions throughout our main facilities.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">In the first nine months of 2020, Ternium's free cash flow reached $1.0 billion and net repayment of borrowings were $313.9 million. As of September&#160;30, 2020, Ternium had a net debt position of $562.4 million.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">Net cash provided by operating activities in the third quarter of 2020 was $460.0 million. Working capital decreased by $140.6 million in the third quarter 2020 as a result of a $136.6 million decrease in inventories and an aggregate $77.3 million net increase in accounts payable and other liabilities, partially offset by an aggregate $73.4 million increase in trade and other receivables. The inventory value decrease in the third quarter of 2020 was due to a $58.8 million lower cost of steel, a $58.0 million lower steel volume and a $19.7 million inventory value decrease in raw materials, supplies and other. In the third quarter of 2020, Ternium's free cash flow was $388.8 million and net repayment of borrowings were $214.5 million. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Conference Call and Webcast</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">Ternium will host a conference call on November 4, 2020, at 11&#58;00 a.m. ET in which management will discuss third quarter and first nine months of 2020 results. A webcast link will be available in the Investor Center section of the company&#8217;s website at </font><font style="color:#006ebf;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">www.ternium.com</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">.</font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Forward Looking Statements</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-style:italic;font-weight:400;line-height:115%">Some of the statements contained in this press release are &#8220;forward-looking statements&#8221;.  Forward-looking statements are based on management&#8217;s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements.  These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium&#8217;s control.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">About Ternium</font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">Ternium is Latin America&#8217;s leading flat steel producer, with operating facilities in Mexico, Brazil, Argentina, Colombia, the southern United States and Central America. The company offers a broad range of high value-added steel products for customers active in the automotive, home appliances, HVAC, construction, capital goods, container, food and energy industries through its manufacturing facilities, service center and distribution networks, and advanced customer integration systems. More information about Ternium is available at www.ternium.com.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Notes</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:120%;position:relative;top:-3.85pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%"> EBITDA in the third quarter 2020 equals operating income of $201.0 million adjusted to exclude depreciation and amortization of $152.4 million.</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:120%;position:relative;top:-3.85pt;vertical-align:baseline">2</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">  Consolidated EBITDA divided by steel shipments.</font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:120%;position:relative;top:-3.85pt;vertical-align:baseline">3</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">  American Depositary Share (ADS). Each represents 10 shares of Ternium&#8217;s common stock. Results are based on a weighted average number of shares of common stock outstanding (net of treasury shares) of 1,963,076,776.</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:120%;position:relative;top:-3.85pt;vertical-align:baseline">4</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%"> Free cash flow in the third quarter 2020 equals net cash provided by operating activities of $460.0 million less capital expenditures of $71.1 million.</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:120%;position:relative;top:-3.85pt;vertical-align:baseline">5 </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">Net debt position at September&#160;30, 2020 equals borrowings of $1.9 billion less cash and cash equivalents plus other investments of $1.3 billion (of which $0.3 billion are held by Ternium's Argentine subsidiary).</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:120%;position:relative;top:-3.85pt;vertical-align:baseline">6</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">  EBITDA in the first nine months of 2020 equals operating income of $402.3 million adjusted to exclude depreciation and amortization of $477.1 million.</font></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:7.15pt;font-weight:400;line-height:120%;position:relative;top:-3.85pt;vertical-align:baseline">7</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">  Free cash flow in the first nine months of 2020 equals net cash provided by operating activities of $1.4 billion less capital expenditures of $439.6 million.</font></div><div style="padding-left:9pt;text-indent:-9pt"><font><br></font></div><div id="i527cc29cffe54d10a2672e333071f4c4_25"></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:115%">Consolidated Income Statement</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.842%"><tr><td style="width:1.0%"></td><td style="width:45.735%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.698%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.767%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.856%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.659%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.224%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.767%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.224%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.770%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">$ million</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2020</font></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2019</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2020</font></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2019</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Net sales</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2,138.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2,449.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">6,155.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">7,942.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Cost of sales</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(1,756.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(2,016.4)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(5,185.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(6,509.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Gross profit</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">382.1&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">433.3&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">969.9&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,433.7&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Selling, general and administrative expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(183.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(211.9)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(566.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(674.5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Other operating income (expense), net</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">7.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(1.5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">13.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Operating income</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">201.0&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">228.6&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">402.3&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">772.3&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Finance expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(9.0)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(25.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(38.9)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(66.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Finance income</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">15.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">9.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">30.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">21.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Other financial (expenses) income, net</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(20.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(18.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">85.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(23.5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-2.25pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Equity in earnings (losses) of non-consolidated companies</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">13.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(0.4)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">37.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Profit before income tax expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">200.5&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">195.6&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">479.7&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">740.5&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Income tax expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(27.5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(83.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT 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style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">197.2</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">540.1</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Attributable to&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><div 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1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Trade receivables, net</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">776.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">949.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Other investments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">623.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">212.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">680.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">520.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Total current assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3,965.9</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">4,176.1</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Non-current assets classified as held for sale</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1.9&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Total assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">12,193.0</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">12,935.5</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Capital and reserves attributable to the owners of the parent</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">6,686.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">6,611.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Non-controlling interest</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,091.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,103.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Total Equity</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">7,777.1</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">7,714.9</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Provisions</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">256.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">613.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Deferred tax liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">469.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">403.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Other liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT 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1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">3.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Lease liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">41.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">40.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Borrowings</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">408.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">559.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Total current liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT 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style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Total liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">4,416.0</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">5,220.7</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Total equity and liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">12,193.0</font><font 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style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</font></div></div></div><div id="i527cc29cffe54d10a2672e333071f4c4_31"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Consolidated Statement of Cash Flows</font></div><div><font><br></font></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.452%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.481%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.853%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.694%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.695%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.694%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.695%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.700%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">$ million</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2020</font></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2019</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2020</font></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2019</font></td></tr><tr><td colspan="3" style="padding:0 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style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">197.2&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">540.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Adjustments for&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">152.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">159.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">477.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">490.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Equity in (earnings) losses of non-consolidated companies</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(13.2)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(1.9)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(37.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Changes in provisions</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(0.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(2.3)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Net foreign exchange results and others</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">58.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">20.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(28.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">29.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Interest accruals less payments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">0.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(1.5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">4.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">3.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Income tax accruals less payments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(52.4)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">14.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">127.4&#160;</font></td><td style="padding:2px 1pt 2px 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colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">202.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">628.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">418.7&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Net cash provided by operating activities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">460.0</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">506.2</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">1,406.4</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">1,254.7</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Capital expenditures</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(71.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(255.9)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(439.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(744.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from the sale of property, plant &#38; equipment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">0.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">0.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">0.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition of non-controlling interest</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(2.8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(4.2)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(14.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(4.2)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Loans to non-consolidated companies</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">24.5&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Decrease (increase) in other Investments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">84.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(184.4)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(410.5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(166.5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Net cash provided by (used in) investing activities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">10.5</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">(444.4)</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">(863.9)</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">(890.5)</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Dividends paid in cash to company's shareholders</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(235.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Dividends paid in cash to non-controlling interest</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(28.5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Finance Lease Payments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(10.1)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(9.0)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(30.4)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(28.6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from borrowings</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">24.8&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">263.6&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">244.3&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,133.0&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Repayments of borrowings</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(239.4)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(448.2)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(558.2)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(802.0)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Net cash (used in) provided by financing activities </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">(224.6)</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">(193.6)</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">(344.3)</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">38.2</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Increase (decrease) in cash and cash equivalents</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">245.8</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">(131.9)</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">198.2</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td><td colspan="2" style="background-color:#969696;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">402.4</font><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#969696;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11</font></div></div></div><div id="i527cc29cffe54d10a2672e333071f4c4_34"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.028%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.687%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.886%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.886%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.527%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.347%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.527%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.527%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.585%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Shipments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Thousand tons</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2019</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">2Q2020</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2019</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mexico</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,445</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,629</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,175</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,269</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,761</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Southern Region</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">547</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">504</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">344</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,270</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,454</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other Markets</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">853</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">924</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">931</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,753</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,379</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total steel segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,845</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,057</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,449</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,292</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,594</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total mining segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">869</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">904</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">991</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,854</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,659</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Revenue &#47; ton</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">$&#47;ton</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2019</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">2Q2020</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2019</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mexico</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">737&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">820&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">725&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">746&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">867&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Southern Region</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">906&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">865&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">852&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">889&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">862&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other Markets</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">596&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">644&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">587&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">601&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">686&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total steel segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">727&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">774&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">690&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">720&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">802&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total mining segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">105&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">124&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net Sales</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">$ million</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3Q2019</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">2Q2020</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2020</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">9M2019</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mexico</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,065.7</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,334.9</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">851.5</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,186.1</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,129.4</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Southern Region</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">495.6</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">435.9</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">292.8</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,129.2</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,252.6</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other Markets</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">508.0</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">595.1</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">546.4</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,654.7</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,316.5</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total steel products</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,069.4</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,365.8</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,690.7</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,970.0</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,698.6</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;Other products</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45.6</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">83.9</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42.5</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132.3</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">244.2</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total steel segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,114.9</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,449.7</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,733.2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,102.3</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,942.8</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total mining segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">91.3</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">111.7</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">98.7</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">284.8</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">264.3</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Total steel and mining segments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2,206.2</font></td><td colspan="3" style="background-color:#969696;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2,561.4</font></td><td colspan="3" style="background-color:#969696;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,831.9</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6,387.1</font></td><td colspan="3" style="background-color:#969696;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8,207.1</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intersegment eliminations</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(67.6)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(111.7)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(86.1)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(231.3)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(264.3)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">&#160;Total net sales </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2,138.6</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2,449.7</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,745.8</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6,155.8</font></td><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#ffffff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7,942.8</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-top:6pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:5.2pt;font-weight:400;line-height:138%;position:relative;top:-2.8pt;vertical-align:baseline">1 </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:8pt;font-weight:400;line-height:138%">The item &#8220;Other products&#8221; primarily includes Ternium Brasil&#8217;s and Ternium M&#233;xico&#8217;s electricity sales.</font></div><div><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12</font></div></div></div></body></html>
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