Algoma Steel Group Inc. · NASDAQ:ASTL
Algoma Steel — Corporate Update (March 2023)
21 slides from Algoma Steel's corporate update, Mar 7, 2023
Slide 1: Community Liaison Committee Meeting #44
Community Liaison Committee Meeting #44 Tuesday, March 7, 2023
Slide 2: Agenda
Agenda 1. Review of December 13th, 2022 meeting notes 2. Membership Items 3. Cokemaking Emissions Performance 4. Public Complaints 5. New Air Quality Monitoring Stations 6. Electric Arc Steelmaking and Environmental Permit Applications 7. Legacy Environmental Action Plan 8. Next Meetings 2
Slide 3: Membership
Membership Current Members and Alternates Representation Primary Member Alternate Algoma Steel Fred Post Chris Galizia Ministry of Environment, Conservation & Parks Lori Jalak Rick Lalonde Public David Trowbridge Anton Schoahs Public Jillian Marquis Dan Gabor SSM Tribe of Chippewa Indians Kathie Bro
Slide 4: Cokemaking Emissions Performance
Cokemaking Emissions Algoma Steel is meeting the current leak limits on all three batteries. Performance 100% Compliant with the Site Specific Standard leak limits Progressive AnnualReduction: Key Performance Indicators related to Cokemaking 30 Day Rolling Average % Emissions: Pushing Implementation
Slide 5: Improved Air Quality
Improved Air Quality Cokemaking Emissions Performance All batteries performing below leak limits 5
Slide 6: Improved Air Quality
Improved Air Quality Cokemaking Emissions Performance Notes: • 2015 data begins on July 2nd when the standard came into force • 2022 data includes Jan 1, 2022 to Feb 27, 2023 • Number of audits per year vary based on changing operating conditions To date all corrective actions have successfully corr
Slide 7: Progress Improvement: Cokemaking Stack Opacity
Progress Improvement Cokemaking Stack Opacity The implementation of Algoma’s stack opacity reduction action plan is underway. 7
Slide 8: Public Complaints
A detailed noise Public Complaints monitoring Public complaints received by Algoma since assessment was the last CLC include: conducted and a • Noise potential source has • Odour been identified. A • Particulate source mitigation plan is under development. 8
Slide 9: Community Air Monitoring
Community Air Monitoring Algoma’s Ambient Air Quality Monitoring Program was expanded in 2022 • Recently expanded AAQMP to include three new permanent community air monitoring stations installed with all new equipment and a new meteorological station which were operational in Dec. 2022 • Stations ar
Slide 10: Proposed operational transition to Electric Arc Steelmaking
ALGOMA y — STEEL INC. — \ Proposed operational transition to Electric Arc Steelmaking NOV 2021-2024 MID 2024 2025 2026 LONG-TERM Phase | . Operations would alternate arcing on one furnace at a time with approximate CONSTRUCTION COMMISSION PROUeT ALTERNATING INDEPENDENT MODE 30% hot metal charge from
Slide 11: EAF Construction Update
EAF Construction Update Project statistics • Concrete poured: 10,500 m3 • EAF Building Foundations: 93% complete • EAF Equipment Piling: 30% complete • Fume Treatment Plant excavation: 90% complete • Reinforcing Bar Used: 1,227 NT • Excavated Material: 53,000 m3 • Primary Steel for EAF Building: 13,
Slide 12: EAF Construction Update: By the numbers
EAF Construction Update By the numbers $47.7M Community spend as of December 31, 2023 $220M Project spend as of December 31, 2023 $730M Project budget Estimated Spending Breakdown: • F2022 – 8% • F2023 – 35% • F2024 onwards – 57% (1) Photo taken Dec 20th 2022, featured on the February 2023 issue of
Slide 13: Installing the First Pieces of Structural Steel
Installing the First Pieces of Structural Steel Celebrating a major milestone • On February 16, 2023 Premier Ford, Minister Pirie, MPP Romano and Mayor Shoemaker came to Algoma to join the celebration of major milestone in our EAF Transformation Journey; the installation of the first pieces of struc
Slide 14: Transition to Electric Arc Furnace Steelmaking
Transition to Electric Arc Furnace Steelmaking Applications for Environmental Compliance Approvals 14
Slide 15: Site Specific Standard Requests
Site Specific Standard Requests New Site-Specific Standards will govern the operating transition to electric arc steelmaking 15
Slide 16: Public Consultation – Site Specific Standards
Public Consultation – Site Specific Standards A number of plain language summaries of Algoma’s Site Specific Standard applications have been made available on our website including the following: • Site Specific Standard Application Process • Emission Summary and Dispersion Modelling Report (ESDM) •
Slide 17: Decarbonization Strategy
Decarbonization Strategy Algoma continues to evaluate additional opportunities to further decarbonize our operations aligned with the Canadian Steel Industry’s aspirational goal of achieving net zero greenhouse gas emissions by 2050. Algoma is taking a collaborative approach, working with industry p
Slide 18: Site Greening
Site Greening Algoma has launched a Site Greening Initiative that includes surface stabilization, ground and surface water management, and revegetation. The plan includes the creation of naturalized green buffer strips along the perimeter of the site by introducing clean soils, creating seasonal sur
Slide 19: Shoreline Stabilization
Shoreline Stabilization Algoma’s shoreline stabilization project is required to support the Site Greening Initiative to ensure that the naturalized green buffer strips along the perimeter of the site remain intact and are projected from possible erosion. The shoreline stabilization project consists
Slide 20: Community Liaison Committee - Next Meetings
Community Liaison Committee - Next Meetings Proposed 2023 Schedule: • March 7th, 2023 • June 6th, 2023 • September 12th, 2023 20
Slide 21: Thank you
Thank you ALGOMA wu Dl EEL:ING ae YOUR PARTNER IN STEEL. SINCE 1901