<SEC-DOCUMENT>0001342874-23-000027.txt : 20230425
<SEC-HEADER>0001342874-23-000027.hdr.sgml : 20230425
<ACCEPTANCE-DATETIME>20230425164648
ACCESSION NUMBER:		0001342874-23-000027
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20230331
FILED AS OF DATE:		20230425
DATE AS OF CHANGE:		20230425

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:		23845543

	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>prternium1q2023.htm
<DESCRIPTION>6-K
<TEXT>
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<title>Document</title></head><body><div id="i27a093f4153b4ac28b411b3fd50e60ab_1"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center;text-indent:36pt"><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 4&#47;25&#47;2023 </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</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">&#8217;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">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:54pt;padding-right:54pt;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:18pt;padding-right:18pt;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:72pt;padding-right:72pt;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-left:1.12pt;padding-right:1.12pt;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 first quarter 2023 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 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><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">By&#58; &#47;s&#47; Guillermo Etchepareborda&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;By&#58; &#47;s&#47; Sebasti&#225;n Mart&#237;</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; Guillermo Etchepareborda&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Name&#58; Sebasti&#225;n Mart&#237;</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; Attorney in Fact&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Title&#58; Attorney in Fact</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; April&#160;25, 2023 </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="i27a093f4153b4ac28b411b3fd50e60ab_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;margin-bottom:5pt;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="terniumlogoa14a.gif" src="terniumlogoa14a.gif" style="height:32px;margin-bottom:5pt;vertical-align:text-bottom;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="pressreleasea13a.gif" src="pressreleasea13a.gif" style="height:22px;margin-bottom:5pt;vertical-align:text-bottom;width:154px"></div></td></tr></table></div></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%">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 First Quarter 2023 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, April&#160;25, 2023 &#8211; Ternium S.A. (NYSE&#58; TX) today announced its results for the first quarter ended March&#160;31, 2023.</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:112%">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</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%">IAS 34 &#8220;Interim financial reporting&#8221; (IFRS) and presented in US dollars ($) and metric tons. This press release includes certain non-IFRS alternative performance measures such as Adjusted EBITDA, Net Cash and Free Cash Flow. The reconciliation of these figures to the most directly comparable IFRS measures is included in Exhibit I. </font></div><div style="text-align:justify"><font><br></font></div><div id="i27a093f4153b4ac28b411b3fd50e60ab_10"></div><div><font style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Summary of First Quarter of 2023 Results</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.472%"><tr><td style="width:1.0%"></td><td style="width:47.684%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.569%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.921%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.545%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.448%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.055%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.545%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.451%"></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%">1Q23</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%">4Q22</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%">1Q22</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%">3,065,000</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%">3,020,000</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%">1&#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%">2,951,000</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%">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%">799,000</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%">891,000</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%">-10&#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%">897,000</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%">-11&#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%">3,623</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%">3,546</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%">2&#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%">4,305</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></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%">357</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%">43</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%">730&#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%">1,059</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%">-66&#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%">Adjusted EBITDA ($ 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%">508</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%">303</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%">68&#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%">1,209</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></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%">Adjusted 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%">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><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><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%">28&#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"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Adjusted EBITDA per Ton ($)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">166</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">100</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">409</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">Income Tax Result ($ million)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">79</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:11pt;font-weight:400;line-height:100%">(11)</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:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">(179)</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 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%">480</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%">59</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%">878</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&#8217; Net 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%">374</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%">40</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%">776</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:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">1</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%">1.91</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%">0.20</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%">3.95</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:5.2pt;font-weight:400;line-height:100%;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:100%"> American Depositary Share. Each ADS 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></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:120%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">Adjusted EBITDA of $508.0 million on steel shipments of 3.1 million tons, with adjusted EBITDA margin of 14% and adjusted EBITDA per ton of $166.</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:120%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">Equity holders&#8217; net income of $374.4 million, equivalent to earnings per ADS of $1.91.</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:120%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">Net cash provided by operating activities of $612.3 million and free cash flow of $414.4 million, after capital expenditures of $197.9 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:120%">&#8226;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">Net cash position of $3.0 billion at the end of March 2023, compared to $2.6 billion at the end of December 2022.</font></div><div style="padding-left:6.75pt;text-align:justify;text-indent:-6.75pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline"> </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&#8217;s steel shipments</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">in the first quarter of 2023 were 3.1 million tons, up 1% sequentially and 4% over the prior-year first quarter. Shipments in Mexico increased 10% sequentially and 31% year-over-year to 2.1 million tons, a new record high, as the company kept gaining share in the Mexican market. </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:120%">Demand from Mexican industrial and commercial customers strengthened in the period. Automotive manufacturing continued recovering at a solid pace, supported by pent-up demand and a better supply chain performance. In the commercial market, a restocking trend in the value chain kept contributing to a higher apparent demand for steel products.</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%">Shipments in the Southern Region were down 8% sequentially in the first quarter of 2023, mainly reflecting seasonally lower activity in Argentina. On a year-over-year basis, shipments in the first quarter of 2023 decreased 7% primarily as a result of lower volumes in other countries in the Southern Region, as the company reduced exports from Argentina.</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 other markets, shipments decreased 18% sequentially mainly reflecting lower sales of slabs to third parties, as Ternium&#8217;s Brazilian slab facility further integrated to the company&#8217;s industrial system. On a year-over-year basis, shipments in other markets decreased 42% in the first quarter of 2023, due to lower sales of steel products to finished steel customers and lower shipments of slabs to third parties.</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%">Revenue per ton in the first quarter of 2023 was $1,159, stable sequentially as higher spot steel prices in Mexico were offset by the lagged effect of contract steel prices, which reset at lower levels during the first quarter, and by lower realized prices in the Southern Region. On a year-over-year basis, revenue per ton decreased $268 mainly reflecting lower realized steel prices in Mexico and other markets. Operating income in the first quarter of 2023 was $357.4 million. Ternium&#8217;s adjusted EBITDA in the period was $508.0 million with adjusted EBITDA per ton of $166. On a sequential basis, adjusted EBITDA per ton improved $66 in the first quarter of 2023 mainly reflecting lower purchased slab, raw material and energy costs. On a year-over-year basis, adjusted EBITDA per ton decreased $243 due to lower realized steel prices, partially offset by slightly lower cost per ton. Net income in first quarter of 2023 was $479.5 million.</font></div><div id="i27a093f4153b4ac28b411b3fd50e60ab_13"></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:107%">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:120%">Ternium expects EBITDA to increase in the second quarter of 2023 compared to the first quarter of the year, driven by higher steel shipments and anticipated sequential increases in realized prices, following the increase in North American steel market prices during the first quarter of 2023. The company expects cost per ton to continue decreasing sequentially in the second quarter of 2023 as lower-priced raw materials flow through the company&#8217;s inventories. Looking forward, the uncertainty regarding economic activity in this market in the second half of 2023 could affect steel prices.</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 Mexico, the company expects a sequential increase in steel volumes in the second quarter of 2023 due to market share gains, healthy steel demand in the auto industry, and a restocking in the commercial market. While the auto industry&#8217;s supply chain disruptions have eased significantly, with most OEMs planning to increase production, activity in manufacturing industries driven by the U.S. housing market, such as the white goods and HVAC sectors, remains relatively soft. </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 Argentina, the company's current view is for shipments to remain relatively stable in the second quarter of 2023. However, the high level of inflation and the significantly unstable macroeconomic environment in the country are expected to negatively impact activity and steel demand in the second half of 2023.</font></div><div><font><br></font></div><div id="i27a093f4153b4ac28b411b3fd50e60ab_25"></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><br></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%">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:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Analysis of First Quarter of 2023 Results</font></div><div style="padding-left:72pt;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 sales </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">in the first quarter of 2023 were $3.6 billion, 2% higher than net sales in the fourth quarter of 2022 and 16% lower than net sales in the first quarter of 2022. The following table outlines Ternium&#8217;s consolidated net sales for the aforementioned periods&#58;</font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.205%"><tr><td style="width:1.0%"></td><td style="width:32.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.029%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.684%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.684%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.933%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.684%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.936%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Net Sales</font></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">$ 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%">1Q23</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%">4Q22</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%">% change</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%">1Q22</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%">% change</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="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><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%">&#160;&#160;&#160;&#160;Mexico</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%">2,206</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%">1,954</font></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:left;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:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2,262</font></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&#160;</font></td><td style="padding:2px 1pt 2px 0;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%">%</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%">&#160;&#160;&#160;&#160;Southern Region</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%">854</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%">950</font></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:left;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:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">895</font></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:left;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"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;Other markets</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%">494</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%">577</font></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:left;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:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,054</font></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%">-53&#160;</font></td><td style="padding:2px 1pt 2px 0;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%">%</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%">&#160;&#160;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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">3,554</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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">3,481</font></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%">2&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;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%">%</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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">4,212</font></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%">-16&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;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%">%</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;&#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></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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">69</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%">65</font></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:left;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:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">93</font></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&#160;</font></td><td style="padding:2px 1pt 2px 0;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%">%</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="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%">Total steel segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#929292;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%">3,623</font></td><td colspan="3" style="background-color:#929292;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%">3,546</font></td><td colspan="2" style="background-color:#929292;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%">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:#929292;padding:2px 1pt 2px 0;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%">%</font></td><td colspan="3" style="background-color:#929292;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%">4,305</font></td><td colspan="2" style="background-color:#929292;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%">-16</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:#929292;padding:2px 1pt 2px 0;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%">%</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="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><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 mining segment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#929292;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%">85</font></td><td colspan="3" style="background-color:#929292;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%">96</font></td><td colspan="2" style="background-color:#929292;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%">-11</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:#929292;padding:2px 1pt 2px 0;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%">%</font></td><td colspan="3" style="background-color:#929292;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%">103</font></td><td colspan="2" style="background-color:#929292;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%">-17</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:#929292;padding:2px 1pt 2px 0;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%">%</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="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><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%">(85)</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%">(96)</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%">(103)</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: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></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%">&#160;Total net sales </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#929292;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%">3,623</font></td><td colspan="3" style="background-color:#929292;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%">3,546</font></td><td colspan="2" style="background-color:#929292;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%">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:#929292;padding:2px 1pt 2px 0;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%">%</font></td><td colspan="3" style="background-color:#929292;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%">4,305</font></td><td colspan="2" style="background-color:#929292;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%">-16</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:#929292;padding:2px 1pt 2px 0;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%">%</font></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">*</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:8pt;font-weight:400;line-height:100%">The item &#34;Other products&#34; primarily includes electricity sales in Brazil and Mexico.</font></div></td></tr></table></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.205%"><tr><td style="width:1.0%"></td><td style="width:32.350%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.029%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.684%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.684%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.933%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.684%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.936%"></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="15" 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%">Shipments</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%">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%">1Q23</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%">4Q22</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%">% change</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%">1Q22</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%">% change</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="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><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:'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="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%">2,066</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%">1,873</font></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:left;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:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,574</font></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%">31&#160;</font></td><td style="padding:2px 1pt 2px 0;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%">%</font></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:'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="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%">544</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%">589</font></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&#160;</font></td><td style="padding:2px 1pt 2px 0;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%">%</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%">587</font></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:left;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="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="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%">455</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%">558</font></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&#160;</font></td><td style="padding:2px 1pt 2px 0;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%">%</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%">791</font></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%">-42&#160;</font></td><td style="padding:2px 1pt 2px 0;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%">%</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%">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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">3,065</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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">3,020</font></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%">2&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;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%">%</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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">2,951</font></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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;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%">%</font></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></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 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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">799</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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">891</font></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%">-10&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;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%">%</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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">897</font></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%">-11&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;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%">%</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></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" 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%">Revenue &#47; ton</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%">$&#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%">1Q23</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%">4Q22</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%">% change</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%">1Q22</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%">% change</font></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></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:'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%">1,068&#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%">1,043&#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&#160;</font></td><td style="padding:2px 1pt 2px 0;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%">%</font></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%">1,438&#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%">-26&#160;</font></td><td style="padding:2px 1pt 2px 0;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%">%</font></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:'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%">1,570&#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%">1,614&#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:left;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="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%">1,525&#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:left;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="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%">1,085&#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%">1,034&#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:left;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="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%">1,333&#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:left;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"><font style="color:#000000;font-family:'Sabon MT Pro',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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,159&#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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">1,153&#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 #000;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&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;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%">%</font></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%">1,427&#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 #000;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="border-top:1pt solid #000;padding:2px 1pt 2px 0;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%">%</font></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></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 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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">106&#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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">108&#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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-2&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;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%">%</font></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%">115&#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:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">-7&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;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%">%</font></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 $3.0 billion in the first quarter of 2023, representing a decrease of $138.3 million from the fourth quarter of 2022, principally due to a $133.6 million, or 5%, decrease in raw materials and consumables used, mainly reflecting lower purchased slab, raw material and energy costs&#59; partially offset by a 2% increase in steel shipments. Compared to the first quarter of 2022, cost of sales remained stable as a $47.7 million, or 2%, decrease in raw materials and consumables used, mainly reflecting lower purchased slab and raw material costs, was offset by a 4% increase in steel shipments and a $44.2 million increase in other costs, including a $28.0 million increase in labor cost, an $8.0 million increase in services and fees and an $8.3 million increase in maintenance expenses. </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="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 quarter of 2023 were $292.9 million, or 8% of net sales, an increase of $18.4 million compared to SG&#38;A in the fourth quarter of 2022 mainly due to an $11.5 million higher allowance for trade receivables and an $8.4 million increase in labor costs. Compared to the first quarter of 2022, SG&#38;A increased $11.6 million, including a $10.5 million higher allowance for trade receivables and higher labor and services costs, partially offset by a $10.9 million decrease in freight and transportation 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 first quarter of 2023 was $357.4 million, or 10% of net sales, compared to operating income of $43.1 million, or 1% of net sales, in the fourth quarter of 2022, and operating income of $1.1 billion, or 25% of net sales, in the first quarter of 2022. </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%">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 gain of $7.8 million in the first quarter of 2023. Net financial results in the fourth quarter of 2022 and the first quarter of 2022 were a gain of $8.5 million and a loss of $60.9 million, respectively.</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 gain of $34.9 million in the first quarter of 2023, compared to a gain of $18.8 million in the fourth quarter of 2022 and a gain of $58.7 million in the first quarter of 2022. </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%">The</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%"> income tax result </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">in the first quarter of 2023 was a gain of $79.4 million, mainly due to positive deferred tax results at Ternium&#8217;s Mexican subsidiaries, as the Mexican Peso appreciated against the US dollar in the period. Income tax expenses were </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">11.2 million in the fourth quarter of 2022 and $179.4 million in the first quarter of 2022.</font></div><div style="text-align:justify"><font><br></font></div><div id="i27a093f4153b4ac28b411b3fd50e60ab_28"></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%">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 quarter of 2023 was $612.3 million. Working capital decreased $218.0 million in the first quarter of 2023 as a result of an aggregate $188.2 million net increase in accounts payable and other liabilities and a $172.6 million decrease in inventories, partially offset by an aggregate $142.8 million increase in trade and other receivables. The inventory value decrease in the first quarter of 2023 was due to a $153.9 million lower steel volume and a $129.0 million lower cost of steel, partially offset by a $110.3 million increase in raw materials, supplies and others.</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 quarter of 2023 were $197.9 million. During the period, Ternium advanced diverse projects throughout its main facilities, including those for further improving environmental and safety conditions, and for the development of the new expansion projects.</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 quarter of 2023, Ternium&#8217;s free cash flow was $414.4 million. As of March&#160;31, 2023, Ternium had a net cash position of $3.0 billion, including Ternium Argentina&#8217;s total position of cash and cash equivalents and other investments of $1.5 billion.</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%">On April 24, 2023, the Board of Directors of Ternium Argentina approved a dividend in kind of approximately $624 million, payable in U.S. dollar denominated Argentine bonds. On the basis of Ternium&#8217;s 62.6% equity participation in Ternium Argentina, Ternium would collect from its subsidiary bonds amounting to approximately $381 million after tax. Considering the impact of foreign exchange restrictions in Argentina, upon collection of the dividend in kind Ternium will reduce the U.S. dollar value of such bonds based on their international market prices.</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><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:'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 April 26, 2023, at 8&#58;00 a.m. ET in which management will discuss first quarter 2023 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 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%">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 style="color:#000000;font-family:'Trade Gothic',sans-serif;font-size:12pt;font-weight:700;line-height:120%">About Ternium</font></div><div style="padding-left:72pt;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 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 id="i27a093f4153b4ac28b411b3fd50e60ab_31"></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%">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><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;margin-bottom:5pt;vertical-align:text-bottom;width:85.624%"><tr><td style="width:1.0%"></td><td style="width:57.018%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.538%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.737%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.538%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.446%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.538%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.446%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.539%"></td><td style="width:0.1%"></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="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%">1Q23</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%">4Q22</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%">1Q22</font></td><td colspan="3" style="padding:0 1pt"></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:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" 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="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%">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%">3,623&#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%">3,546&#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%">4,305&#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="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%">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%">(2,981)</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%">(3,119)</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%">(2,984)</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="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%">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%">643&#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%">427&#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%">1,321&#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="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%">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%">(293)</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%">(275)</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%">(281)</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="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%">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%">8&#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%">(110)</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&#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="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%">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%">357&#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%">43&#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%">1,059&#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="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="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%">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%">(16)</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)</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)</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="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%">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%">41&#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%">28&#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&#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="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%">Other financial 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%">(17)</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%">(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%">(79)</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="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"><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 results 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%">35&#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%">19&#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%">59&#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="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%">Profit before income tax results</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%">400&#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%">70&#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%">1,057&#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="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%">Income tax results</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%">79&#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%">(11)</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%">(179)</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="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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%">Profit for the period</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%">480</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%">59</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%">878</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="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="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%">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="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-indent:9pt"><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Owners of the parent</font></div></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%">374</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%">40</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%">776</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="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"><div style="text-indent:9pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">Non-controlling interest</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:bottom"><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: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%">19&#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%">102&#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="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#969696;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#ffffff;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">Profit for the period</font></div></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%">480</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%">59</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%">878</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="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font><br></font></div><div id="i27a093f4153b4ac28b411b3fd50e60ab_34"></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%">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><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:115%">Consolidated Statement of Financial Position</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.052%"><tr><td style="width:1.0%"></td><td style="width:59.027%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.192%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.713%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.775%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.713%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.192%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.713%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.878%"></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: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%">March 31,<br>2023</font></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="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%">December 31,<br>2022</font></td><td colspan="3" style="background-color:#969696;padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><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%">Property, plant and equipment, 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%">6,294&#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%">6,262&#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%">Intangible assets, 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%">957&#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%">944&#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%">Investments in non-consolidated companies</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%">877&#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%">822&#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 assets</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%">224&#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%">200&#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%">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%">328&#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%">319&#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="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%">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%">125&#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%">101&#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 non-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%">8,805</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%">8,648</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: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%">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%">762&#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%">663&#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="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%">Inventories, 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%">3,298&#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%">3,470&#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%">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%">1,298&#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%">1,181&#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%">2,522&#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%">1,875&#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%">1,220&#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%">1,653&#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%">9,099</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%">8,842</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%">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%">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%">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="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%">17,907</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%">17,492</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%">12,230&#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%">11,846&#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%">2,023&#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%">1,922&#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%">14,252</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%">13,768</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%">81&#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%">81&#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%">12&#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%">163&#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 Pro',serif;font-size:10pt;font-weight:400;line-height:100%">570&#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%">538&#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%">Trade payables</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&#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&#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="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%">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%">183&#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%">190&#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%">530&#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%">533&#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 non-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 Pro',serif;font-size:10pt;font-weight:700;line-height:100%">1,377</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%">1,506</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: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%">Current income 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%">154&#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%">136&#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 Pro',serif;font-size:10pt;font-weight:400;line-height:100%">363&#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%">345&#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%">Trade payables</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%">1,357&#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%">1,188&#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%">Derivative financial instruments</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%">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%">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><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%">49&#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%">49&#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%">350&#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%">499&#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 Pro',serif;font-size:10pt;font-weight:700;line-height:100%">2,277</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%">2,217</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: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 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%">3,654</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%">3,723</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%">17,907</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%">17,492</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></table></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%">7</font></div></div></div><div id="i27a093f4153b4ac28b411b3fd50e60ab_37"></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><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:84.676%"><tr><td style="width:1.0%"></td><td style="width:61.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.292%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.546%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.546%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></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 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="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%">1Q23</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%">4Q22</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%">1Q22</font></td><td colspan="3" style="padding:0 1pt"></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:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" 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="3" style="display:none"></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="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%">Profit for the period</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%">480&#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%">59&#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%">878&#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="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="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%">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="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%">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%">151&#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%">160&#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%">150&#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="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%">Impairment charge</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%">99&#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="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%">Equity in results 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%">(35)</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%">(19)</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%">(59)</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="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><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%">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%">(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%">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%">(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="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%">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%">(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="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)</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%">81&#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="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%">Interest accruals less payments&#47;receipts, 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:middle"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">(36)</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%">(34)</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&#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="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%">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%">(157)</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%">(90)</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%">(688)</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="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%">Changes in working capital</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%">218&#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%">955&#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%">331&#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="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="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="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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%">612</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%">1,032</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%">692</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="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="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%">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%">(198)</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)</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%">(125)</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="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%">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%">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%">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%">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="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><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><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><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><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><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><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%">(Increase) Decrease  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%">(668)</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%">(444)</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%">82&#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="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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 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%">(865)</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%">(602)</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%">(42)</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="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="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"><div><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</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:100%">&#8217;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:100%">s shareholders</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%">&#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%">(177)</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="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><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%">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%">(14)</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%">(12)</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%">(12)</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="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%">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%">46&#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%">61&#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%">80&#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="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%">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%">(196)</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%">(108)</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%">(203)</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="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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 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%">(164)</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%">(236)</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%">(135)</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="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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%">(Decrease) increase 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%">(417)</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%">194</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%">515</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="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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 id="i27a093f4153b4ac28b411b3fd50e60ab_40"></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:112%">Exhibit I - Alternative performance measures</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:120%">These non-IFRS measures should not be considered in isolation of, or as a substitute for, measures of performance prepared in accordance with IFRS. These non-IFRS measures do not have a standardized meaning under IFRS and, therefore, may not correspond to similar non-IFRS financial measures reported by other companies.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">EBITDA</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%"> equals net income adjusted to exclude net financial results, income tax expense, depreciation and amortization. </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Adjusted EBITDA</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%"> equals EBITDA adjusted to exclude the equity in earnings of non-consolidated companies and, in the fourth quarter of 2022, the impairment of Ternium's investment in Ternium Brasil. </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Adjusted EBITDA per ton</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%"> equals Adjusted EBITDA divided by steel shipments and </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Adjusted EBITDA Margin </font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%">equals Adjusted EBITDA divided by net sales&#58;</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:88.467%"><tr><td style="width:1.0%"></td><td style="width:70.150%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.007%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.007%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.007%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.229%"></td><td style="width:0.1%"></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:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">$ million</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%">1Q23</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%">4Q22</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%">1Q22</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">Net income</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:10pt;font-weight:400;line-height:100%">480</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:10pt;font-weight:400;line-height:100%">59</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:10pt;font-weight:400;line-height:100%">878</font></td><td colspan="3" style="padding:0 1pt"></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:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">Adjusted to exclude&#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="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">&#160;&#160;Net financial results</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:10pt;font-weight:400;line-height:100%">(8)</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:10pt;font-weight:400;line-height:100%">(9)</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:10pt;font-weight:400;line-height:100%">61</font></td><td colspan="3" style="padding:0 1pt"></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:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">&#160;&#160;Income tax results</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:10pt;font-weight:400;line-height:100%">(79)</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:10pt;font-weight:400;line-height:100%">11</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:10pt;font-weight:400;line-height:100%">179</font></td><td colspan="3" style="padding:0 1pt"></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:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">&#160;&#160;Depreciation and amortization</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:10pt;font-weight:400;line-height:100%">151</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:10pt;font-weight:400;line-height:100%">160</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:10pt;font-weight:400;line-height:100%">150</font></td><td colspan="3" style="padding:0 1pt"></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:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:112%">EBITDA</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">543</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">222</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">1,267</font></td><td colspan="3" style="padding:0 1pt"></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:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">Adjusted to exclude&#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="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">&#160;&#160;Equity in results of non-consolidated companies</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:10pt;font-weight:400;line-height:100%">(35)</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:10pt;font-weight:400;line-height:100%">(19)</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:10pt;font-weight:400;line-height:100%">(59)</font></td><td colspan="3" style="padding:0 1pt"></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:top"><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">&#160;&#160;Impairment of Ternium</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:112%">&#8217;</font><font 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style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:112%">Adjusted EBITDA</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">508</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">303</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">1,209</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:5pt"><td colspan="3" 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Pro',serif;font-size:11pt;font-weight:700;line-height:112%">Free cash flow</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:112%"> equals net cash provided by operating activities less capital expenditures&#58;</font></div><div style="text-align:justify"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.573%"><tr><td style="width:1.0%"></td><td style="width:69.975%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.894%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.894%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.894%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.743%"></td><td style="width:0.1%"></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:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">$ million</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%">1Q23</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%">4Q22</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%">1Q22</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">Net cash provided by operating activities</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:10pt;font-weight:400;line-height:100%">612</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:10pt;font-weight:400;line-height:100%">1,032</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:10pt;font-weight:400;line-height:100%">692</font></td><td colspan="3" style="padding:0 1pt"></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:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">Less&#58; capital expenditures</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:10pt;font-weight:400;line-height:100%">(198)</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:10pt;font-weight:400;line-height:100%">(159)</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:10pt;font-weight:400;line-height:100%">(125)</font></td><td colspan="3" style="padding:0 1pt"></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:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:112%">Free cash flow</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:112%">414</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:112%">873</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:112%">567</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:700;line-height:120%">Net cash</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:11pt;font-weight:400;line-height:120%"> equals the consolidated position of cash and cash equivalents and other investments less borrowings&#58;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:83.570%"><tr><td style="width:1.0%"></td><td style="width:59.580%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.559%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.561%"></td><td style="width:0.1%"></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:112%">$ billion</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%">March 31, <br>2023</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%">December 31,  2022</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="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">Cash and cash equivalents</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:6.5pt;font-weight:400;line-height:112%;position:relative;top:-3.5pt;vertical-align:baseline">2</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:10pt;font-weight:400;line-height:100%">1.2</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:10pt;font-weight:400;line-height:100%">1.7</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">Plus&#58; other investments (current and non-current)</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:6.5pt;font-weight:400;line-height:112%;position:relative;top:-3.5pt;vertical-align:baseline">2</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:10pt;font-weight:400;line-height:100%">2.6</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:10pt;font-weight:400;line-height:100%">2.0</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:400;line-height:112%">Less&#58; borrowings (current and non-current)</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:10pt;font-weight:400;line-height:100%">(0.9)</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:10pt;font-weight:400;line-height:100%">(1.0)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:112%">Net cash</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">3.0</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:10pt;font-weight:700;line-height:100%">2.6</font></td></tr></table></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:5.85pt;font-weight:400;line-height:115%;position:relative;top:-3.15pt;vertical-align:baseline">2&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:9pt;font-weight:400;line-height:115%">Ternium Argentina&#8217;s total position of cash and cash equivalents and other investments amounted to $</font><font style="background-color:#ffffff;color:#000000;font-family:'Sabon MT Pro',serif;font-size:9pt;font-weight:400;line-height:115%">1.5</font><font style="color:#000000;font-family:'Sabon MT Pro',serif;font-size:9pt;font-weight:400;line-height:115%"> and $1.3 billion as of March 31, 2023 and December 31, 2022, respectively.</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%">9</font></div></div></div></body></html>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
