Friedman Industries Inc. · NASDAQ:FRD
Friedman Industries — Investor Presentation (March 2025)
27 slides from Friedman Industries's investor presentation, March 2025
Slide 1: Investor Presentation March 2025
7 +> Investor Presentation Friedman March 2025 INDUSTRIES
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS 2
Slide 3: About Friedman Industries
About Friedman Industries — Founded in 1965 and headquartered in — Industry leading safety record with TRIR — FY 2024 revenue of $516 million on Longview, Texas of 0.55 in 2024 for the service centers processed volume of 610,000 tons — Seven operating locations: six flat-rolled © — Management team w
Slide 4: Friedman's Supply Chain
Friedman’s Supply Chain Steel Mill Large Scale Buyer Bulk Buyer Consistent Volume Ease of Execution Partnerships Processing Cut to length, Slitting, Temper Passing, ERW Pipe, Stretcher Level Customer =. — Logistics + Financing Inventory Risk Processing Unmatched Pulse SEEDS Management Management Cus
Slide 5: Product Capabilities
Product Capabilities HOT ROLLED SHEET & PLATE — Stretcher leveled or temper passed cut-to-length material — Stretcher leveled or temper passed coil to coil material — Capable of processing material from 16 gauge (.055”) to 1" thick in widths ranging from 36" to 96 — Toll processing ELECTRIC RESISTAN
Slide 6: Why Invest in Friedman Industries
Why Invest in Friedman Industries A leading North American Steel Service Center and Pipe Manufacturer Poised for Growth PERFORMANCE GROWTH VALUE High-performing company led by an experienced, | Growing and diverse customer base Favorable outlook for earnings and growth ata growth-driven team driving
Slide 7: Performance: experienced, growth-driven team
— Deep, experienced, senior team of proven — Strategic transformation being 01 PERFORMANCE strategic t business leaders, with average industry High-performing company led experience of more than 20 years across ow operations, strategy, turnarounds, — Flat organization structure matches by an experie
Slide 8: Stock price and key milestones timeline
Dividend increase $18 Sinton commences $16 operations Stock repurchase from Metal One $14 Decatur upgrade Michael J. Taylor becomes CEO Start of hedging $12 program and analytical efforts $10 Acquisition of East Chicago and Granite City (part of PlatePlus) from MetalOne $8 2016 2018 2020 2022 2024 8
Slide 9: Growth: growing and diverse customer base
02 GROWTH Growing and diverse customer base driving revenue as Friedman rises in industry relevance and reaches production capacity — Industry leader in customer relationships, — Enviable industry reputation: trusted by — Friedman's high-quality products are a vital part of the defined supply chain
Slide 10: Facility locations map
— — EAST CHICAGO, IN — GRANITE CITY, IL — HICKMAN, AR DECATUR, AL LONE STAR, TX — — SINTON, TX Stretcher Location Temper Pass Location Pipe Location 10
Slide 11: Industries We Serve
Industries We Serve Trucks & Trailers Steel Service Centers Friedman Industries
Slide 12: Friedman embraces new technology as the rest of the industry catches up
— — — — Friedman embraces new technology as the rest of the industry catches up 12
Slide 13: Value: favorable outlook for earnings and growth at a compelling value
03 VALUE — Friedman's size and strategic flexibility — Strategic transformation more than mean superior growth potential doubled shipments and added highly Favorable outlook for compared to larger peers coe a and efficient production . capabilities earnings and growth ata — Positioned to benefit fro
Slide 14: Metal Service Center Industry Overview
Reliance Ryerson 7% 3% Thyssenkrupp 2% Kloeckner Metals 2% O’Neal Industries 2% Worthington Steel 2% Russel Metals 2% Steel Technologies 2% Alro Steel — 2% Metal Service Center Industry Toyota Tsusho — Overview 2% — — Other 76% Revenue $200B - 2023 14
Slide 15: Shipments (in tons)
600,000 Shipments (in tons) Flat Rolled Tolling Pipe 500,000 — 400,000 — 300,000 — 200,000 — 100,000 — FY2020 FY2021 FY2022 FY2023 FY2024 15
Slide 16: Growth Strategy
Growth Strategy We have an ambitious growth plan to expand market share of core products, improve gross margin, and pursue M&A opportunities Maximize production Consistent earnings trail capacity of HRC cut to length and ERW New geographies and/or pipe products Greenfield facilities Strong managemen
Slide 17: — — — — —
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Slide 18: Capital Allocation Strategy Aligned with Shareholder Interests
Capital Allocation Strategy Aligned with Shareholder Interests ral g gh Prioritize efficient capital Fund growth: Paid a dividend every Opportunistically management —Organic opportunities quarter since 1972 repurchase common to follow our customers shares —Tuck-in acquisitions —Strategic acquisition
Slide 19: Friedman vs. competitors valuation
Wi Friedman : Competitor Competitor 1 Competitor Competitor Competitor Price to Tangible Book 0.9
Slide 20: Appendix
Appendix + Friedman Industries
Slide 21: Financial table (in millions, except per share data)
In millions, except for per share and percentage data 21
Slide 22: Coil Processing: East Chicago, IN facility overview
Facility Overview East Chicago temper mill strategically © PROCESSING CAPABILITIES: . located in the busiest steel market in Temper passed CTL sheet and plate East Chicago, IN the U.S., providing increased reach to a COIL PROCESSING broader geographic customer base (— . >) ; >) Overview Temper Pass
Slide 23: Coil Processing: Granite City, IL facility overview
Facility Overview Granite City, IL COIL PROCESSING — Granite City has 2 Temper Mills PROCESSING CAPABILITIES: providing significant capacity to Temper passed CTL sheet and plate serve the Midwest market. Along with our East Chicago facility we are able to ensure timely delivery during outages and sh
Slide 24: Coil Processing: Decatur facility
COIL PROCESSING Located adjacent to the campus of Nucor’s Decatur steel mill. 24
Slide 25: Coil Processing: Hickman, AR facility overview
Facility Overview Friedman's Hickman facility is located PROCESSING CAPABILITIES: q on the campus of Nucor's Blytheville Temper passed CTL sheet and plate Hickman, AR steel mill COIL PROCESSING (— . >) . > Overview Temper Pass Mill Located on the: campus 26 A Equipment Specifications mean cres "JO"
Slide 26: Coil Processing: Sinton, TX facility overview
Facility Overview Sinton, TX COIL PROCESSING Friedman's newest facility 26 Friedman's newest facility features the largest stretcher leveler line in North America PROCESSING CAPABILITIES: Stretcher leveled CTL sheet and plate Stretcher Level coil to coil ~ Overview Stretcher Leveler 26 Acres Equipme
Slide 27: Texas Tubular: API Certified
TEXAS TUBULAR — API Certified 27
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