Ryerson Holding Corporation · NYSE:RYZ
Ryerson — Q1 2019 Earnings Presentation
13 slides from Ryerson's earnings presentation, May 1, 2019
Slide 1: Q1 2019 Ryerson Quarterly Release Presentation
Q1 2019 Ryerson Quarterly Release Presentation Exhibit 99.2
Slide 2: Important Information About Ryerson Holding Corporation
31 Important Information About Ryerson Holding Corporation These materials do not constitute an offer or solicitation to purchase or sell securities of Ryerson Holding Corporation (“Ryerson” or “the Company”) and no investment decision should be made based upon the information provided herein. Ryers
Slide 3: First Quarter Financial Highlights
First Quarter Financial Highlights A reconciliation of non-GAAP financial measures to the comparable GAAP measure is included in the Appendix. *excluding Purchase Accounting adjustments in Q4 2018. Strong earnings per share generation through market share gains and expense leverage Net Sales Gross M
Slide 4: First Quarter 2019 Sequential Financial Performance
First Quarter 2019 Sequential Financial Performance 7% increase 1% decrease 4% decrease Expenses exclude depreciation and one time items. A reconciliation of non-GAAP financial measures to the comparable GAAP measure is included in the Appendix. $63M in Adj. EBITDA, excl. LIFO exceeds the fourth qua
Slide 5: First Quarter 2019 Year-Over-Year Financial Performance
First Quarter 2019 Year-Over-Year Financial Performance 1% decrease 13% increase -170 bps contraction 3% increase Expenses exclude depreciation and one time items. A reconciliation of non-GAAP financial measures to the comparable GAAP measure is included in the Appendix. $63M in Adj. EBITDA, excl. L
Slide 6: Next Phase Financial Progress: First Quarter 2019 Performance
Next Phase Financial Progress: First Quarter 2019 Performance 17.2% Gross Margins, excl. LIFO Target: 20% 5.5% U.S. Market Share Target: 6% Targets are based on 3 year window; Service center industry growth assumed consistent with 2018 tons shipped and average selling prices consistent with Ryerson
Slide 7: Strong Liquidity to Fund Operations and Investments
Strong Liquidity to Fund Operations and Investments Ryerson has significant liquidity to pursue strategic investments and fund operations ($M)
Slide 8: End Market Performance
End Market Performance Q1 2019 Tons Shipped and Sales Mix by End Market Metal Fab and Machine Shop 22% Industrial Equipment 18% Commercial Ground Transportation 16% Consumer Durable 11% Food & Ag 10% Construction 8% HVAC 6% Oil & Gas 5% Excluding Other Industry Sectors which represent 4% of Ryerson
Slide 9: Appendix
Appendix
Slide 10: EBITDA and Adjusted EBITDA definitions
31 EBITDA represents net income before interest and other expense on debt, provision (benefit) for income taxes, depreciation, and amortization. Adjusted EBITDA gives further effect to, among other things, impairment charges on assets, reorganization expenses, gain on bargain purchase, and foreign c
Slide 11: Quarterly Financial Highlights
Quarterly Financial Highlights Tons Sold (000’s) Average Selling Price Per Ton Adjusted EBITDA, excl. LIFO Margin % Gross Margin & Gross Margin, excl. LIFO & Purchase Accounting Adjustments
Slide 12: Non-GAAP Reconciliation: Quarterly
Non-GAAP Reconciliation: Quarterly Net income includes gain on bargain purchase of $73M in Q3 2018 and a $3M adjustment to the gain on bargain purchase in Q4 2018 for acquisition of CS&W.
Slide 13: Ryerson
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