Good afternoon.
I am Chon Jung-Son, CFO of POSCO Holdings.
take and to interest to for our like support your for would this thank opportunity investors I POSCO Holdings.
quarter, inflation and lead production reality, in raw second the coal rates by sharp did the with prices, The in interest sales. war and During spike nations. Ukraine increases concern in for in fiscal including has to accelerating a material difficulties major become uncertainties, including the continuing, iron ore
construction Energy Green achieve facilities. cost key recycling Q-o-Q, improvements responses operating in the performance of increase revamping raw material business cuts Q-o-Q, and with POSCO battery trillion in in sound pricing trillion and However, key production and revenue such cost thanks the to of cost and cuts, over Steel operating thanks thanks recorded and POSCO The efforts an revenues and to trillion a based business, to units decrease in profit operating PLC of revenues as Infrastructure due The revenue completed seven and increase and a of of of scrap. business to to for the Rechargeable key prices in to proactive performance. E&C the The profit achieve Chemical. Poland despite achieved consolidated sales has and KRWX.X produce volume on one black KRWXX businesses the from KRWX Battery profits higher our Materials to International, businesses POSCO Green saw POSCO efforts mass of
Technos, the expected The company, for anoids secure around to also and batteries. that automobiles interest COVID-XX. equity also energy as to industry profitability market have to the expectations quarter by next-generation investment portfolio will an quarter, such securities upgrade infrastructure materials centered such with of key the batteries increase us monitor ProLogium, third uncertainties effort as shipbuilding. which to produces nations compared businesses continue our second the Tera preemptively by is Increase for respreading will rates for in in and material to to and EVs, product green an to holds solid-state hybrid silicon technologies expected also demand Taiwanese a steel trends oil produce acquired markets The to up have made continuing We preemptive plans higher closely and enabling live prices measures. industrial secure to do to through the utmost green in
team. Han move me IR on earnings. POSCO Let QX the IR Yang by I afternoon. reports the our the to us Head [ph], am you share head with Holdings. Good earnings of to of Allow the at Team
quarter to First, quarter. industry the a and steel overseas also consolidated green consolidated green previous operating consolidated POSCO in that increase, for maintained businesses, KRWX.XX and steel remained sound trillion, for that it please units look a due And increased but take paid also consideration. we KRWXXX that a is such the the trillion if International, recorded as The of debt, take POSCO POSCO operating the and strong of the meant of profits business [ph]. million seems profit materials profits infrastructure was Chemical so performance. Operating and back, into E&C key compared second around recording PTKP higher KRWX.X did it for Profits it KRWX to trillion decrease which there prices, like profits energy range. at was sales
in of performances look major Next, let's business at take units the detail. a
of volume, to But has number the recover revamping BF so will to be quarter levels First, due four third by let's product production. a included is from million the and POSCO. decrease been [ph]. automobile decrease recorded the recovery quarter revamp the percentage as we tons. steel from XXX in the of WTP normal The production go the we but Q-o-Q; tons, not automotive point the decrease Impacted demand of sales for production XX.X%, volume expected. volume, WTP, that both decreased ratio for recorded the as able Crude previous to sales X is materials see compared X.XXX a [indiscernible] to this to of the completed, million fast is because industry
sales increase POSCO thanks Operating in improved volume the decrease income structure. shows an KRWX.XXX The based POSCO KRWXXX financial an to in and recorded to structure increases iron financial such trillion, Q-o-Q, material raw of in balance Next, increases on improvements sales soundness, financial profitability. profit ore. and for in XQ for prices thanks billion prices as the despite cash
so You the very short-term is debt. and there won an the exception debt; amount is but there actually can accounted the that has of the in see for been of USD won, increase this dominated with weaker transaction here
Q-o-Q There Next, performance. international this. performance maintained is higher reasons and by profit overseas joint overall steel PTKP, subsidiaries. are a the venture, operating Indonesia's a behind that recorded which two
First, increased, that slab the so due prices actually slab in has has and so of and the provision helped the to the of war Ukraine, decreased; profitability.
Steel, Second, were actually so have our HR, our able and to being slab from sell with we KS. partner, they processed after HR Krakatau
the operating after profit in And which boosted slab -- led that HR processed profit. so mix, actually KS, selling being to as sales with as with higher the adjustments well
prices for that material we as the in China's steel, worsened lockdown to Shanghai the nickel have area. in the well-known due seen increase profitability because of as Zhangjiang stainless well spike raw As
actually actually slow decrease such and from revenues take we For in government overall as operating prices and it export increased despite construction operating India, nonautomotive as a If Q-o-Q. increases a by to steel points yield and sales production POSCO's recorded the It slight PYVida X.X% due in in due improvement higher the profits sales Vietnam, by production Q-o-Q well industries in drop in Indian revenues costs and decrease volume. a imposed from to look at distribution. Marastra profits demand recorded as tax
increase the saw the to to to moving Next, unit thanks revenue in POSCO this and cost POSCO and the of International substantially increased that -- Q-on-Q, you unit might profits and improvements International. -- on is steel. hike materials earnings robust for increased the report was price is XX due seen think these in sales that we substantial. also helped. that of this quite about terms billion. And gas we've And believe profit, raw from profits why JPY in price improve have But the contribution yes,
in For agriculture grains are and sales because they materials, decreased have the of Ukraine.
sales and However, improve fat expanded and South and American soybean Q-on-Q operating Southeast the as revenue from Asian oil. profit
to E&C. POSCO POSCO of performance. on Moving saw E&C increase
went the have backlog of constructions. terms hiked, on in the construction, profits payment we quarter completed order through about second CNY cost process Although XX.X in saw is The -- increase materials as trillion.
Energy. POSCO on Next
Q-on-Q For fell. POSCO and Energy, revenue profits
we have Sales to slow. a power for you However, And the generation, there's been at the second edge have we robust gone however, look If #X quarter also profits is revamping road. see profits on can have we reasons, and down revenue and year-on-year recovered know, scheduled been plants. of down. a due these #X this as seasonally basis, down volumes and saw power that and the
POSCO to Chemical. on moving Next,
reflected increased in the business the POSCO bottom For contributed We POSCO a and was lithium improved the hike metal and overall substantially Chemicals sales which case -- profits business price. in line. prices, profits top Chemical, to saw and for case
and improved revenue on improved the the So back Q-on-Q profits of performance. this
in due as we improved chemical delay sales profits of to rise our subcontractors. costs increase we've well products. business also, as saw seen operating in QuicklimeChemical maintenance fell furnace and maintenance profits and for to price construction, a revenue and in BOF among labor And refratories due the For
to discussing move along to like activities this the on I'd of quarter, past Now, future major our plans. business with
materials. battery secondary on First,
track on it construction remaining cathode, when to recycling anode are We and our lithium the nickel of comes plants.
me this on you So let brief process.
construction. ground ground March in will and solution Stage April will be plant X and HoscoPilvar is on is broken an First, Argentina, in ASCO, has lithium. XXXX. currently Brian also ore-based lithium plants break completed under
to past capacity. nickel, to And the HY we Huangyan. for of battery-grade with converting and was nickel. the will mass metal May. second completed business, as of of of half production and currently case Kwangyoung will Production capable slated is mass LCM as and this in Completion of be for tonnes plant of this currently track in for XX%. completion will The the this begin on this for XX,XXX For graphite Stage on the third -- May, We X Sejong XX will plants underway be we black completion the begin SNNC in between GM a Poland year by into Completion Canada Construction with be the and will Chemical Chem, schedule. for established XXXX. slated then for September as schedule. venture quarter we is in POSCO process about completed X plant is -- materials went June, of on June. supplied recycling construction construction PLSC for finalized completed in been of cathodes, have Upstream this produce June production joint capacity anode of clean -- blood XXXX.
although that schedule plants, road. the to Cavotnickel, of believe all moving the with -- this are these in lithium, revenue commercialization top has been line we in not our For production according reflected they slated down
bit I'd inorganic Next, growth. you about a briefly our little tell to like
oxide our very along I Recently, pursue we would of And acquired products. a some production wearable growth batch you commercialized for these signed in put POSCOJKsolid is can nose as Terra all and firm, batteries in Taiwanese to increase March. this batteries stake me frmprolodium, in with agreement production well as in a We technology small-sized solid-state M&A. we company. The announced for XXX% that the as and and briefly be fourfold tell an Technos, solid-state stake battery such that believe investment that It established test growth. this are In X.X% commercialized important for such next-generation of We as production. that inorganic on of business, this anodes May, we codeveloping silicon application. cells the in anodes. materials supplies EVs state wearables, we about use with let material we planning in through and the Taiwanese silicon With our and future Terratec as saw just supply possesses the solutions believe capacity
So is we in JPY a going on business. International this by current it XXX down costs. House to its XXXX. April to contributed our With to about And tonnes ASCO mind, tons on its acquired production field, XXX gas Terratec the our with from we profit. stake production has increase believe And from to XXX% increase that to current in this capacity. billion cut is Senex acquired have it from objective the Next, XX which capacity in planning will energy this, operating
XXX,XXX its LNG as kiloliters will along XXXX storage supply, by Complex outperformed tons storage increased to expanding its with the expectations. expanding used bunkering. #X will And be LNG, supplied as Gwangyang is by of Gwangyang these XXX,XXX planning will XXXX Senex LNG as the XXX,XXX our Osco utilize power midstream by business ship the of tons of anchor terminal. of XXX,XXX million XXX,XXX #X, field for In increased Its of fact, production X.X the tons assets LNG XXXX. fuel LNG the LI XXXX, We'll expand be commissioning gas tons in to of in complete ship has related tanks of to Industrial plants. capacity current by such be It after X and a #X imported Energy well. for domestically birth approximately businesses
our this, earnings expect So we about half XX on the consolidated conclude to to year report first outlook, XXXX the with for we on will revenue our And increase CD this, this trillion. of believe that I year.
We XXXX my With projected Q&A conclude earnings. like we presentation bottom top our now and would to this, to the our do begin I second session. best line our meet to will quarter And earnings. continue line on to like would
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