Algoma Steel Group Inc. · NASDAQ:ASTL

Algoma Steel — Corporate Update (June 2023)

20 slides from Algoma Steel's corporate update, Jun 6, 2023

  1. Slide 1: Community Liaison Committee Meeting #45

    Community Liaison Committee Meeting #45 Tuesday, June 6, 2023

  2. Slide 2: Agenda

    Agenda 1. Review of March 7th, 2023 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

  3. 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

  4. Slide 4: Cokemaking Emissions Performance

    Cokemaking Emissions Progressive Annual Reduction Performance 30 Day Rolling Average % 100% Compliant with the Site Specific Implementation Charging Pushing Standard leak limits Date Doors Lids Off-takes Emissions Opacity (%) Key Performance Indicators related to Cokemaking July 2, 2015 38 0.8 25 12

  5. Slide 5: Cokemaking Emissions Performance

    Cokemaking Emissions Performance All batteries performing below leak limits 5

  6. Slide 6: Cokemaking Emissions Performance

    Cokemaking Emissions Performance Notes: • 2015 data begins on July 2nd when the standard came into force • 2022 data includes Jan 1, 2022 to May 31, 2023 • Number of audits per year vary based on changing operating conditions Actions taken to successfully correct pushing opacity 6

  7. Slide 7: Cokemaking Stack Opacity

    Cokemaking Stack Opacity The implementation of Algoma’s stack opacity reduction action plan is underway. 7

  8. Slide 8: Public Complaints

    A detailed noise Public Complaints monitoring Public complaints received by Algoma since assessment was the last CLC include: • Noise conducted and a • Odour source has been • Particulate identified. A mitigation plan is under development. 8

  9. 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

  10. 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

  11. Slide 11: Algoma's Shrinking Environmental Footprint

    Algoma’s Shrinking Environmental Footprint Transition to Electric Arc Steelmaking • Algoma Steel has committed to transition its manufacturing process from the integrated basic oxygen steelmaking route to electric arc steelmaking. This process change will shrink Algoma’s environmental footprint dram

  12. Slide 12: 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,

  13. Slide 13: Electric Arc Furnace Construction Update

    Electric Arc Furnace Construction Update By the Numbers Community spend as of December 31, 2022 $ 47.7M Local suppliers engaged: 47 Project spend as of $220M December 31, 2022 Project budget: ~$703m (1) Photo taken featured on the February 2023 issue of the Association for Iron and Steel Technology

  14. Slide 14: Transition to Electric Arc Furnace Steelmaking

    Transition to Electric Arc Furnace Steelmaking Applications for Environmental Compliance Approvals 14

  15. Slide 15: Site Specific Standard Requests

    Site Specific Standard Requests New Site-Specific Standards will govern the operating transition to electric arc steelmaking  In March 2022, Algoma submitted a request for  Algoma’s request included a continuous amended site-specific standards for benzene, improvement plan that provides for the su

  16. 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) •

  17. Slide 17: Sault College & Algoma Steel Collaborations

    Sault College & Algoma Steel Collaborations • Partnership with Algoma Steel’s Site Greening initiative and Sault College’s Forestry program • Program development and sponsorship in Mechatronics • Apprenticeship program development and partnership • Algoma Steel representative on the Sault College Me

  18. Slide 18: Shoreline Stabilization and Site Greening

    Shoreline Stabilization and Site Greening Algoma’s shoreline stabilization project consists of a four year plan to install 4.1 km of shoreline protection along the St. Mary’s River to prevent future erosion. The project has commenced with slope preparation in advance of the placement of the clean ri

  19. Slide 19: Community Liaison Committee - Next Meetings

    Community Liaison Committee - Next Meetings Proposed 2023 Schedule: • September 12th, 2023 • December 5th, 2023 • March 2024 19

  20. Slide 20: Thank you

    Thank you ALGOMA wu Dl EEL:ING ae YOUR PARTNER IN STEEL. SINCE 1901

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