Investor Presentation April 2021

AsTernium of IApril April 2021 30, 2021 1 Forward-Looking Statements

This presentation contains certain forward-looking statements and information relating to Ternium S.A. and its subsidiaries (collectively, “Ternium”) that are based on the current beliefs of its management as well as assumptions made by and information currently available to Ternium. Such statements reflect the current views of Ternium with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of Ternium to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic, political conditions in the countries in which Ternium does business or other countries which have an impact on Ternium’s business activities and investments, changes in interest rates, changes in inflation rates, changes in exchange rates, the degree of growth and the number of consumers in the markets in which Ternium operates and sells its products, changes in steel demand and prices, changes in raw material and energy prices or difficulties in acquiring raw materials or energy supply cut-offs, changes in business strategy and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or targeted. Ternium does not intend, and does not assume any obligation, to update these forward-looking statements.

Ternium I April 2021 2 Profile

Ternium I April 2021 3 Ternium’s Profile A leading steel company in Latin America

20,000 . Net sales of $8.7 billion in 2020 Countries Employees . Steel shipments in 2020 of 11.4 million tons . Industrial facilities in Mexico, Argentina, Brazil, 24 Integrated Distribution IntegratedFacilities Colombia, USA and Central America Centers Facilities

Steel Shipments 2020 22 12 Service Downstream Facilities Other; 5% (Slabs 4%) Centers Mexico; 52% Colombia; 4% . Vertically integrated, from iron ore mines to USA; 14% (Slabs 9%) service centers Other Markets 31% . Focus on high value-added products Brazil; 8% (Slabs 8%) . Participation in Usiminas1 control group Southern Region; 17%

1Usiminas: a leading company in the Brazilian flat steel market

Ternium I April 2021 4 Sustainable Profitability A comprehensive approach to value creation

. Quest for excellence in industrial management Economic Value Generated and Distributed (2020) and technology . Focus on differentiation through sophisticated Suppliers $6.4 B products and services Community Employees investments $739 M . Proactive approach to environment, health and $11.1 M safety Economic . Recruitment, training, and retention of talent value generated Research & $8.2 B Capex . Strengthening of steel value chain development $8.3 M $560 M . Deep ties with our communities . Commitment to integrity Capital Taxes providers $436 M $47 M

Ternium I April 2021 5 Sustainable Profitability Delivering Ternium’s business strategy

. Focus on high-margin value-added products Production capacity (million tons per year) Crude steel Hot-rolled steel . Pursue strategic growth opportunities +50% 15.7 +70% . Implement Ternium’s best practices 12.4 12.4 10.3 11.3 . Maximize the benefits arising from Ternium’s 7.3 distribution network . Enhance Ternium’s position as a competitive steel producer 2016 2020 2021f

. Quest for excellence in industrial management and Dividend Payments ($ per ADS) 1 2.10 technology

1.20 1.00 1.10

-

2017 2018 2019 2020 2021 1 Proposed by the Board of Directors on February 23rd, 2021 Ternium I April 2021 6 Sustainable Profitability Improving our health and safety performance

. Occupational health and safety (OH&S) policy Lost time injury frequency rate (# of events / million hours worked) . Standardized and certified OH&S management system . Safety-focused capital expenditure plan 1.0 0.7 0.7 0.8 0.8 . Integral program for critical steel production

processes and iron ore tailings dams 2016 2017 2018 2019 2020 . Management tours at the facilities, training, workshops and conferences to raise awareness . Extensive communication to engage and commit Ternium's and contractor's employees . Initiatives to promote healthy and safe operations in the steel industry value chain

Ternium I April 2021 7 Sustainable Profitability Health and safety measures against Covid-19

. Work-from-home policy whenever possible . New protocols for on-site work that comply with, or exceed, local authorities’ directives . strict social distancing and mandatory face masks . temperature checks at admission posts . strengthened disinfection routines including buses, working posts and cafeterias . Employees with higher risk of developing complications stay at home . Prompt testing of all individuals showing symptoms along with their close contacts and contagion tracking . Extensive communication program to promote health and wellness protocols at both work and home

Ternium I April 2021 8 Sustainable Profitability Roadmap to decabornization

. Target of 20% reduction of CO emissions 2 Emission Intensity CO2 intensity (scope 1 and 2) by 2030 (base 2018) by: (tons emitted per ton of steel produced) 1.8 1.8 1.8 1.7 . intensifying the use of renewable energy 1.5 . increasing scrap in the metallic mix . augmenting carbon capture capacity . partially replacing met coal with charcoal . prioritizing lower specific-emission technologies 2016 2017 2018 2019 2020 Scope 1: direct . Board of Directors quarterly oversight of Ternium’s Scope 2: purchased energy Scope 3: supply chain Climate Change strategy The increased emission intensity in 2017 reflected the incorporation of the Rio de Janeiro unit (blast furnace-based) in Ternium's crude steel production mix.

Ternium I April 2021 9 Sustainable Profitability Minimizing Ternium’s environmental footprint

. New environmental investment plan: . encompassing Ternium’s steel making facilities in Mexico, Brazil and Argentina . seven-year duration and $460 million capex . Responsible use of natural resources . Focus on excellence in environmental performance . Certified environmental management system . Management performance accountability Project of the Rewilding Argentina Foundation at the Iberá Wetlands . Sustainable building solutions at new facilities . Biodiversity protection

Investments to improve the capture and treatment of air emissions Ternium I April 2021 10 Sustainable Profitability Strengthening Ternium's value chain

. Promoting a collaborative network to foster excellence in performance: . Universities . Business schools . Government agencies . Industrial associations . Helping 1,800 SMEs, customers and suppliers, grow: “ProPymes has helped create an industrial network . Training programs that encourages the professionalization and quest . Industrial projects and business consultancy for excellence of SMEs.” . Institutional initiatives . Commercial support and financial assistance

Ternium I April 2021 11 Sustainable Profitability Helping our communities thrive

. Fostering education: . Ternium’s technical school in Pesquería . Refurbishing of community schools . Special education program for children . Financial support to high-school, undergraduate and graduate students . Supporting initiatives that strengthen our communities: Roberto Rocca Technical School in Pesquería, Mexico . Funding of health care infrastructure and equipment . Sponsorship of diverse cultural exhibitions and events . Arrangement of city races and other sport activities . Special funding program: $5.5 million to help our communities launched at the COVID-19 outbreak

Volunteer programs for school repair Ternium I April 2021 12 Sustainable Profitability Special funding program to help our communities

. Construction and operation of a field hospital in Monterrey, Mexico . 100 beds . 10 fully-equipped units for intensive care (IC) . Equipment donation to 14 hospitals and health-care units in 4 countries (ventilators, units for IC, beds, IC equipment and protection gear) . Creation of a professional network to share COVID-19 treatments . Linking doctors from our communities with Humanitas’1 colleagues . Humanitas expertise available at a public virtual campus . Adaptation to online learning at some of Ternium’s education programs . Roberto Rocca Technical School . AfterSchool program . Food support for vulnerable families

1 Humanitas: an Italian network of hospitals controlled by the Techint Group Ternium I April 2021 13 Sustainable Profitability Commitment to integrity through strong corporate governance

. Audit committee (all independent directors) . Internal Audit Department reporting to the Chairman and the Audit Committee . Business Conduct Compliance Officer reporting to the CEO . Compliance department that oversees SOX certifications, related party transactions and

conflict minerals Codes Policies Procedures . Employee accountability and training to ensure a Conduct (for Business conduct Disclouse (relevant wc employees) information) transparent behavior Transparency Conduct for Anti-fraud Related party . Confidential channels to report non-compliant suppliers Securities trading transactions behavior Ethics for senior Diversity Conflict mineral

financial officers Human rights disclosure

Ternium I April 2021 14 Latin American Steel Markets

Ternium I April 2021 15 Latin America Steel Markets Ternium has a leading position in the Mexican steel market

. The Mexican market is the largest in Latin America . Growth in Mexico’s steel consumption over the last decades was driven mainly by a dynamic manufacturing industry . Mexico, Brazil, Argentina and Colombia accounted for approximately 80% of Latin America’s steel consumption in 2020

Apparent steel use (million tons)

Brasil Argentina Mexico Colombia 21.7 21.2 3.6 2.7 2.9

9.7 6.6 1.1

1990 2000 2010 2020 1990 2000 2010 2020

Source: Alacero April 2021 Ternium I April 2021 16 Mexico Attractive steel market with a significant demand for high-end steel products

. Developed industrial sector (approximately 49% of shipments in Mexico) . Access to the North American steel market through Steel shipments by industry (2020) USMCA . Ternium’s focus on value added products and services: Automotive; 23% . Service center network Other industries 9% . Nationwide coverage through distribution centers and regional distributors White goods; 8% . Customer digital connectivity . Ongoing investment plan to increase our capabilities HVAC / lighting; 9% for industrial customers Commercial; 51%

Ternium I April 2021 17 Mexico New hot-rolling mill in Pesquería expected to start up in June 2021

. Significant technological upgrade to expand TX’s Apparent flat steel use – Mexico 2020 product range and improve customer service Industrial Commercial Local Imports . The new mill will further increase Ternium’s 63% capabilities to substitute imports, which in 2020 56% 44% accounted for 56% of Mexico’s flat steel use 37%

. Targeting the automotive industry, as well as the 0 white goods, machinery, energy and construction sectors . Annual production capacity of 4.4 million tons (option to increase capacity to 4.8 million tons) 36%

Source: Canacero / Ternium estimates Ternium I April 2021 18 Mexico Developing our industrial center in Pesquería

. Greenfield facility inaugurated in 2013 with cold-rolling and galvanizing lines . Additional hot-dipped galvanizing and painting lines inaugurated in 2019 with the most advanced painting technology in Mexico . New hot-rolling mill to start-up in June 2021 . High-end value-added products for the automotive, white goods and heating-ventilation-air conditioning (HVAC) industries . Expected annual production capacity in 2021: . Hot-Rolling: 4.4 million tons . Cold-rolling: 1.6 million tons

. Hot-dipped galvanizing: 830,000 tons 36% . Painting: 120,000 tons

Ternium I April 2021 19 Argentina Third largest steel market in Latin America with a developed industrial sector

. Significant industrial customer base representing 46% of steel shipments in Argentina Steel shipments by industry (2020) . Focus on value added products and services: . Service center network . Short notice delivery and just-in-time agreements Commercial 54% Automotive 7% . Customer digital connectivity Agribusiness 9%

. Joint product research and development projects White goods 6% with our value chain (mainly white goods, Canning 8% transportation and renewable energy) Oil & gas 1%

Other industrial 15%

Ternium I April 2021 20 Colombia New rebar mill in Colombia inaugurated in November 2020

. Colombian steel market is the fourth largest in Latin America . Imports account for a significant share of long steel consumption . Ternium is expanding its participation in the construction sector in the north/northwest of Colombia . Approximately 50% of steel rebar consumption . No local production . Expensive logistics from the mills in central Colombia . New greenfield rebar facility . Annual capacity of 520,000 tons . Total investment of $90 million . Started up in November 2020

Ternium I April 2021 21 Ternium’s Performance

Ternium I April 2021 22 Ternium’s Performance EBITDA and Net Income

EBITDA ($ million) 1,057 EBITDA Margin (% of net sales) 33%

25% 645 17% 353 13% 13% 302 224

1Q20 2Q20 3Q20 4Q20 1Q21 1Q20 2Q20 3Q20 4Q20 1Q21

EBITDA per Ton1 ($) Net Income and Earnings per ADS 341 Net Income (Loss) ($ million) Earnings (Losses) per ADS 671 707 680 630 210 580 530 480 430 (0.06) 0.22 0.74 3.06 3.07 124 380 101 330 91 280 230 173 180 130 80 44 30 -20 1Q20 2Q20 3Q20 4Q20 1Q21 (19) 1 Consolidated EBITDA divided by steel shipments. 1Q20 2Q20 3Q20 4Q20 1Q21

Ternium I April 2021 23 Ternium’s Performance Steel Shipments

Mexico (thousand tons) Other Markets (thousand tons) 1,650 1,643 3% 1,699 Slabs 1,445 1,175 969 931 853 771 1% 778 636 664 519 499 466

1Q20 2Q20 3Q20 4Q20 1Q21 1Q20 2Q20 3Q20 4Q20 1Q21

Southern Region (thousand tons) Steel Shipments 1Q21

Mexico 55% Other 1% Colombia 5%

653 -5% 623 547 USA 10% (6% slabs) 380 344 Other Markets 25% Brazil 9% (slabs) 1Q20 2Q20 3Q20 4Q20 1Q21 Southern Region 20% Ternium I April 2021 24 Ternium’s Performance Total Shipments and Revenue per Ton

Total Shipments (thousand tons) Revenue per Ton ($/ton) Southern Region 1,093 Mexico 13% 1,066 Consolidated 968 2,998 3,067 1% 3,099 2,845 898 27% 1,026 2,449 841

769 24% 825 737

1Q20 2Q20 3Q20 4Q20 1Q21 1Q20 2Q20 3Q20 4Q20 1Q21

Net Sales ($ million) Net sales in 1Q21 up 26% sequentially and 43% year-over- year mainly on higher revenue per ton: 26% 3,249 2,580 . Mexico: shipments affected by extreme weather conditions 2,271 2,139 in 1Q21. Prices increasing significantly, even with lagged 1,746 reset of contract prices. . Southern Region: shipments remained at high levels on strong demand for durable goods and construction materials in Argentina. 1Q20 2Q20 3Q20 4Q20 1Q21 . Other Markets: ramp-up of new facility in Colombia offset decrease in slab shipments to third-parties. Ternium I April 2021 25 Ternium’s Performance Cash Flow and Balance Sheet

Cash from Operations ($ million) Working Capital ($ million) 306 504 182 141 443 460 355 328

(275)

(666) 1Q20 2Q20 3Q20 4Q20 1Q21 1Q20 2Q20 3Q20 4Q20 1Q21

Free Cash Flow ($ million) Net Debt ($ billion) 1.3

393 389 0.9

234 0.6 185 198 0.4 0.2

0.9x 0.8x 0.5x 0.2x 0.1x1

1Q20 2Q20 3Q20 4Q20 1Q21 mar-20 jun-20 sep-20 dic-20 mar-21 1 Net Debt/EBITDA Ratio (last 12 months EBITDA) Ternium I April 2021 26 Conclusion

Ternium I April 2021 27 Conclusion

. A leading steel company in Latin America with a comprehensive management approach . Successful implementation of business strategy geared toward sustainable profitable growth . Solid financial position . Resilience in times of crisis . New hot-rolling mill in Mexico provides opportunity to strengthen business in the region . Continued focus on generating long-term stakeholder value

Ternium I April 2021 28 Ternium I April 2021 29 Appendix

. Corporate Structure . Production Capacity . Shipments and Net Sales . Income Statement . Cash Flow Statement . Balance Sheet . Selected Webcast Presentation Slide First Quarter of 2021 . Ternium’s Debt Profile . More about Ternium’s developing industrial system in Brasil

Ternium I April 2021 30 Corporate Structure

Techint Group: 62% Tenaris: 11% Subsidiaries Joint operations Ternium (treasury shares): 2% Non-consolidated companies Public: 24%

71% 100% 50% Ternium México 29% Las Encinas Peña Colorada 62% 38% Ternium Argentina3 Other 50% Nippon Steel Corp: 19% 4% ArcelorMittal 17% TenarisConfab: 3% Usiminas CEU: 3% Economic participation CSN: 18% 100% 4 Ternium Brasil 2 Other: 37% Direct Indirect Total 51% 49% Ternium Mexico 71% 18% 89% Tenigal Nippon Steel Corp Ternium Argentina3 62% 62% 100% 4 Ternium Colombia Ternium Brasil 100% 100% Usiminas1 17% 2% 19% 100% Ternium del Atlántico Tenigal 51% 51% Ternium Colombia 100% 100% 100% Ternium USA TX Int. Guatemala 100% 100% 100% TX USA 100% 100% Ternium Int. Guatemala Las Encinas 71% 18% 89% Peña Colorada 36% 9% 44% 48% 30% 1 Techgen Tecpetrol Participation based on total shares distributed 22% 2 Net of non-controlling interest in TX Argentina 50% 3 Formerly known as Siderar 50% Exiros Tenaris 4 Formerly known as CSA

Ternium I April 2021 31 Production Capacity

Production Capacity as of year-end 2020 (million metric tons per year)

Mexico Argentina Other (1) Total

Slabs 2.5 3.2 5.0 (2) 10.7 Billets 1.6 0.2 1.8 Crude steel 4.1 3.2 5.2 12.4 Hot rolled coils 6.5 2.9 9.4 Rebars & wire rods 1.2 0.7 1.9 Cold rolled coils 3.7 1.8 5.5 Tinplated products 0.2 0.2 Galvanized products 2.4 0.6 0.4 3.4 Pre-painted products 0.8 0.1 0.2 1.1 Service center 3.9 2.3 1.3 7.5

(1) Brazil, Southern US, Colombia and Central America (2) Corresponds to Ternium Brasil Ternium I April 2021 32 Shipments and Net Sales

Net Sales (USD million) Shipments (thousand tons) Revenue / ton (USD / ton) 3 1Q2021 4Q 2020 Dif. 1Q2021 4Q 2020 Dif. 1Q2021 4Q 2020 Dif. Q Mexico 1,810.8 1,382.2 31% 1,699 1,643 3% 1,066 841 27% Southern Region 680.8 632.7 8% 623 653 -5% 1,093 968 13% Other Markets 687.7 516.9 33% 778 771 1% 884 671 32% Total steel products 3,179.3 2,531.8 26% 3,099 3,067 1% 1,026 825 24% Other products1 59.7 45.5 31% Total steel segment 3,239.0 2,577.3 26% Total mining segment 123.4 105.7 17% 1,035 943 10% 119 112 6% Total steel and mining segments 3,362.4 2,683.0 25% Intersegment eliminations (113.1) (103.3) Total net sales 3,249.3 2,579.7 26%

Net Sales (USD million) Shipments (thousand tons) Revenue / ton (USD / ton) 3 1Q2021 1Q2020 Dif. 1Q2021 1Q2020 Dif. 1Q2021 1Q2020 Dif. Q Mexico 1,810.8 1,268.9 43% 1,699 1,650 3% 1,066 769 39% Southern Region 680.8 340.8 100% 623 380 64% 1,093 898 22% Other Markets 687.7 600.2 15% 778 969 -20% 884 619 43% Total steel products 3,179.3 2,209.9 44% 3,099 2,998 3% 1,026 737 39% Other products1 59.7 44.2 35% Total steel segment 3,239.0 2,254.1 44% Total mining segment 123.4 94.3 31% 1,035 993 4% 119 95 25% Total steel and mining segments 3,362.4 2,348.4 43% Intersegment eliminations (113.1) (77.0) Total net sales 3,249.3 2,271.4 43%

1 The item “Other products” primarily includes Ternium Brasil’s and Ternium México’s electricity sales.

Ternium I April 2021 33 Income Statement

$ million 1Q 2021 1Q 2020 (Unaudited) Net sales 3,249.3 2,271.4 Cost of sales (2,138.3) (1,920.5) Gross profit 1,111.0 350.9 Selling, general and administrative expenses (210.4) (211.6) Other operating income (expenses), net 5.1 (3.6) Operating income 905.8 135.7

Finance expense (7.2) (16.3) Finance income 16.3 7.9 Other financial income (expenses), net 6.9 114.5 Equity in earnings of non-consolidated companies 46.5 6.1 Profit before income tax expense 968.3 247.9 Income tax expense (261.6) (267.3) Profit (loss) for the period 706.7 (19.4)

Attributable to: Owners of the parent 602.9 (11.6) Non-controlling interest 103.7 (7.8) Profit (loss) for the period 706.7 (19.4)

Ternium I April 2021 34 Cash Flow Statement

$ million 1Q 2021 1Q 2020 (Unaudited) Profit (loss) for the period 706.7 (19.4) Adjustments for: Depreciation and amortization 151.6 166.4 Equity in earnings of non-consolidated companies (46.5) (6.1) Changes in provisions 4.4 (0.7) Net foreign exchange results and others 61.9 (104.6) Interest accruals less payments 1.7 1.3 Income tax accruals less payments 114.3 224.0 Changes in working capital (666.2) 181.8

Net cash provided by operating activities 327.8 442.8

Capital expenditures (129.7) (257.6) Proceeds from the sale of property, plant and equipment 0.6 0.2 Acquisition of non-controlling interest (0.8) (4.5) Decrease in Other Investments 149.3 97.1

Net cash provided by (used in) investing activities 19.4 (164.8)

Finance Lease payments (11.0) (10.5) Proceeds from borrowings 18.1 190.6 Repayments of borrowings (36.7) (60.7)

Net cash (used in) provided by financing activities (29.5) 119.4

Increase in cash and cash equivalents 317.8 397.3

Ternium I April 2021 35 Balance Sheet

March 31, December 31, March 31, December 31, $ million $ million 2021 2020 2021 2020 Capital and reserves attributable to the owners of the parent 7,841.3 7,286.1 Property, plant and equipment, net 6,488.5 6,504.7 Non-controlling interest 1,251.2 1,157.0 Intangible assets, net 893.2 908.6 Investments in non-consolidated companies 477.7 471.3 Total Equity 9,092.5 8,443.2 Deferred tax assets 151.6 158.7 Provisions 79.0 80.6 Receivables, net 200.7 243.3 Deferred tax liabilities 333.9 346.5 Other investments 2.9 2.9 Other liabilities 537.9 551.9 Total non-current assets 8,214.6 8,289.5 Trade payables 1.1 1.1 Receivables, net 345.6 288.6 Derivative financial instruments 0.3 0.5 Derivative financial instruments 1.4 1.6 Lease liabilities 242.1 251.6 Inventories, net 2,345.0 2,001.8 Borrowings 1,125.3 1,327.3 Trade receivables, net 1,368.7 918.4 Total non-current liabilities 2,319.6 2,559.5 Other investments 637.5 813.5 Current income tax liabilities 225.5 110.5 Cash and cash equivalents 835.4 537.9 Other liabilities 316.5 249.8 Total current assets 5,533.7 4,561.8 Trade payables 1,179.1 1,049.3 Non-current assets classified as held for sale 5.0 5.0 Derivative financial instruments 0.6 5.8 Lease Liabilities 42.9 42.5 Total assets 13,753.2 12,856.2 Borrowings 576.5 395.6 Total current liabilities 2,341.1 1,853.6

Total liabilities 4,660.7 4,413.1

Total equity and liabilities 13,753.2 12,856.2

Ternium I April 2021 36 First Quarter of 2021 Results- Webcast Presentation EBITDA and Net Results

621

. Higher revenue per ton in the 1Q21, reflecting a (205) strong pricing environment. (12) $) 9

. Increase in cost per ton, mainly reflecting higher 1,057 million raw material, purchased slab and energy prices. ( 645

EBITDAEBITDA Shipments Price/Mix Cost Other EBITDA 4Q204Q20 11Q21Q21

. Higher operating income. 71 229 (11) . Better net financial results mainly due to 3%

depreciation of the MXN against the USD in 1Q21 $) (253)

compared to a 13% appreciation in the 4Q20. million . Effective tax rate of 27% in the 1Q21, compared to ( 671 707 1% in the 4Q20 due to higher deferred tax gains in connection with MXN appreciation.

Net Income Operating Net Financial Equity in Income Net Income 4Q20 Income Results Earnings of Tax 1Q21 non-consolidated Companies Ternium I April 2021 37 Ternium Brasil Acquisition A strong foundation for Ternium’s industrial plan in the Americas

. Acquired in September 2017 . 5 mtpy high-end slab facility in Brazil . Further integrate Ternium Brasil to take it to its full potential . Increase competitiveness in the high-end Mexican steel market vis-à-vis imports . Improve customer service supported by higher operational flexibility . Customized steel products . Coordinated product development . Enhanced logistics

Ternium I April 2021 38 Debt Profile Comfortable maturity schedule

. $1.7 billion gross debt as of March 2021 Debt maturity profile Mar’21 ($/million)

. Main outstanding syndicated loans: Tx Mexico Synd. Loan Tx Investments Synd. Loan . Ternium Mexico: $500 million Tx Brasil Synd. Loan Other outstanding long-term debt Revolving credit facilities . Ternium Brasil: $500 million 664 . Ternium Investments S.à.r.l.: $400 million 525 . Other outstanding long-term debt: 373

. Peña Colorada: $56 million 138 . Tenigal: $50 million 9 . Revolving credit facilities (uncommitted) of $202 2021 2022 2023 2024 2025 million outstanding, mainly in Mexico and Colombia

Ternium I April 2021 39 www.ternium.com

Ternium I April 2021 40