Ferroglobe Plc · NASDAQ:GSM
Ferroglobe — 16th Annual Midwest IDEAS Investor Conference 2025
15 slides from Ferroglobe's conference presentation, August 2025
Slide 1: Driving innovation of critical materials essential to a sustainable future
Driving innovation of critical materials essential to a sustainable future 16th Annual Midwest IDEAS Investor Conference August 2025 NASDAQ: GSM
Slide 2: Forward-Looking Statements and Non-IFRS Financial Metrics
FORWARD-LOOKING STATEMENTS AND NON-IFRS FINANCIAL METRICS This presentation contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking
Slide 3: Who is Ferroglobe
WHO IS FERROGLOBE GLOBAL CUSTOMERS WITH DIVERSIFIED END MARKETS Company FERROGLOBE IN FIGURES WELL-DIVERSIFIED REVENUE MIX (FY24) Ferroglobe Plc Name Manganese Alloys Silicon Metal RoW North America 1st 14% $333m $758m $407m $574m Industry Advance Materials Merchant Of global producer in the Silicon
Slide 4: Why Ferroglobe
WHY FERROGLOBE 1 Attractive growth opportunity in EV & Solar Disciplined capital management 2 • Critical for energy transition • Strong balance sheet, net cash positive • Innovation & technical know-how • Attractive capital return policy 3 Leading western producer SiMe & Si-Based fully integrated 4
Slide 5: 1. Attractive Growth Potential in EV & Solar
1. ATTRACTIVE GROWTH POTENTIAL IN EV & SOLAR Ferroglobe well-positioned to capitalize on the expected market improvement in 2026 Tariffs / Trade measures ▪ Trade measures to level the playing field ▪ Expect Ferroglobe to be a net beneficiary of potential tariffs ▪ Encourages local supply chain devel
Slide 6: Encouraging Trade Measures Development
ENCOURAGING TRADE MEASURES DEVELOPMENT Trade Measures Decided Trade Measures Ongoing FeSi Combined Antidumping & Countervailing Duties by Country EU Safeguard Decision Decision by EC Finalized by Finalized by Country Final Duty(1) Commerce ITC Preliminary Decision Russia 1042% 12-Sep-24 28-Oct-24 Ex
Slide 7: Strong Silicon Growth Expected in EV & Solar
STRONG SILICON GROWTH EXPECTED IN EV & SOLAR Silicon Metal Demand for Solar & Electronics(*) (kt) Total Global Silicon Metal Demand Forecast(*) (kt) 2,579 + 15% 6,020 CAGR + 8% 2,258 CAGR 5,584 1,976 5,181 4,884 1,795 4,486 1,487 2025E 2026E 2027E 2028E 2029E 2025E 2026E 2027E 2028E 2029E • Global s
Slide 8: 2. Disciplined Capital Management
2. DISCIPLINED CAPITAL MANAGEMENT Solid balance sheet ($´m) Solid free cash flow (*) generation ($´m) 343 513 460 164 239 92 110 125 94 39 19 10 5 Q4-21 Q4-22 Q4-23 Q4-24 Q1-25 Q2-25 2021 2022 2023 2024 YTD 2025 (25) (101) (137) (*) Free cash flow is calculated as cash from operations less capital e
Slide 9: Compelling Capital Return Program
COMPELLING CAPITAL RETURN PROGRAM BALANCED CAPITAL ALLOCATION SHAREHOLDER FRIENDLY CAPITAL POLICY Strategic Total Distributions Investments Cash CAPEX • Initiated quarterly dividends in March 2024, increased by 8% in March 2025 Dividend Coreshell Disciplined CAPEX • Executed opportunistic share $2.6
Slide 10: 3. Leading Western Producer
3. LEADING WESTERN PRODUCER Europe # 1 SiMe producer # 2 Si-Based & Mn-Alloys (1) Americas # 1 SiMe & Si-Based alloys producer Global Production Capacity (kt) Metallurgical sites North South South Europe Total America America Africa Mines (2) Silicon Metal 184.0 93.2 - 51.0 328.2 (1) 2 mines in Spai
Slide 11: 4. SiMe & Si-Based Fully Integrated
4. SIME & SI-BASED FULLY INTEGRATED VERTICALLY INTEGRATED PRODUCTION 1 | Raw Materials 2 | Smelting 3 | Metals/Alloys 4 | Customers 5 | End Products Extraction of raw Owns and operates Key products are: (i) Major industries for Aluminum/ materials through efficient furnaces silicon metal, (ii) Ferro
Slide 12: 5. Strong Global Customer Base
5. STRONG GLOBAL CUSTOMER BASE • Local producer supplying local customers • Critical input for hundreds of industrial applications 12
Slide 13: 6. Focus on Operational Excellence
6. FOCUS ON OPERATIONAL EXCELLENCE Reduction of working capital and better use of capital resources Sales & Operations Manage production schedules and capacity to meet the production plan Planning (S&OP) Aligns operational capacity with demand and manages material Rollout availability for production
Slide 14: Strong Balance Sheet with Long-Term Growth Opportunities
STRONG BALANCE SHEET WITH LONG-TERM GROWTH OPPORTUNITIES • Well-positioned for the expected market rebound in 2026 - Trade measures and production curtailment should stabilize supply and demand, drive improved market performance Symbol GSM • Strong secular growth in solar and electric vehicle batter
Slide 15: Investor Relations
Investor Relations Media Inquiries Alex Rotonen, CFA Cristina Feliu Roig Vice President, Investor Relations NASDAQ: GSM Vice President, Communications & Public Affairs investor.relations@ferroglobe.com corporate.comms@ferroglobe.com
Ferroglobe — 16th Annual Midwest IDEAS Investor Conference 2025 on 6ix