Sims Ltd. · ASX:SGM
Sims — Investor Day (March 2026)
21 slides from Sims's investor day presentation, Mar 25, 2026
Slide 1: Creating Value by Providing a Pathway to Decarbonisation
Change photo Creating Value by Providing a Pathway to Decarbonisation NAM 24 March 2026
Slide 2: Disclaimer
Disclaimer The material contained in this document is a presentation of information about the Group’s activities current at the date of the presentation, 24 March 2026, CT. It is provided in summary form and does not purport to be complete. It should be read in conjunction with the Group’s periodic
Slide 3: Agenda
Agenda Tuesday March 24, 2026 Start Time Presentation by Stephen Mikkelsen, 8:00 am Rob Thompson, Ryan Smith and Chris Cicconi Presentation by Stephen Mikkelsen, 9:00 am Mark Sweetman and Tyler Adams Travel to the George Bush 10:30 am Intercontinental Airport 3
Slide 4: Stephen Mikkelsen
unprocessed Stephen Mikkelsen Sims Group CEO & Managing Director 4
Slide 5: Middle-East Conflict
Middle-East Conflict Limited impact on Sims operations through increase in oil and freight costs Singapore Bunker Prices1 • Limited disruption to bulk ferrous volumes across the international customer base. USD/mt • Containerised non-ferrous and ferrous shipments 1200.0 CURRENT IMPACT ON SIMS experi
Slide 6: Delivering On Strategy
Delivering On Strategy Create a World without Waste to Preserve our NAM STRATEGY IN ACTION Planet CUSTOMERS & SUPPLIERS Repurpose and Recycle • Strengthening direct relationships with domestic mills. • Expanding sourcing of unprocessed scrap and feeder yard supply. Customers Suppliers Operational In
Slide 7: NAM
NAM Operational reset delivered, creating a platform for future growth 1- Operational reset delivered. 2- Cost structure strengthened and margins improved. 3- Greater commercial optionality across domestic and export markets. 4- Focus on cash generation and disciplined capital allocation. 5- Positio
Slide 8: Rob Thompson
unprocessed Rob Thompson President North American Metal 8
Slide 9: Overview of the Operations
Overview of the Operations Extensive footprint in key population centres. NAM • Operations in 19 states. • 76 Facilities. • 15 Shredders. 9
Slide 10: North America Metal
North America Metal Has made significant progress on its operational and commercial turnaround Trading Margin Percentage TRIFR 22.0% 21.2% NEMT, Alumisource 20.6% and Baltimore (+21 sites). 17.9% 17.1% 1.02 0.98 0.91 0.88 HY24 2HY24 HY25 2HY25 HY26 0.76 0.69 EBIT (A$m) $60 $40 $20 $0 -$20 HY24 2HY24
Slide 11: Leadership Transformation
Leadership Transformation Strengthened leadership, aligned incentives and culture of accountability supporting operational discipline Strengthened NAM Ryan Smith Chris Cicconi Chief Operating Officer Chief Commercial Officer Leadership Team Simplified Performance • Strong link to financials, with fe
Slide 12: Cost Structure & Planning Improvements
Cost Structure & Planning Improvements Coordinated planning and operational optimisation improving resilience across the cycle Employees Net Sales Analytics 1,971 Network and Operational Optimisation HY24 • Simplified operating structure and optimised yard network. 1,881 S&OP Logistics Forward Sales
Slide 13: Ferrous: Sales Optimisation
Ferrous: Sales Optimisation Maximising value through commercial discipline and market flexibility HY26 NAM Ferrous Export Volume OPTIONALITY Domestic and Export Market Flexibility 1750 • Ability to dynamically allocate volumes between domestic steelmakers and export markets depending on relative pri
Slide 14: Non-Ferrous: Key Profit Driver
Non-Ferrous: Key Profit Driver Disciplined execution driving non-ferrous volumes and value Non Ferrous Retail Volume Unprocessed Ferrous (% Integrated Non-Ferrous Platform of Total Ferrous Intake) Integration of NEMT and Alumisource into NAM strengthened market position, relationships and 71% 68% pr
Slide 15: Structural Market Advantages
Structural Market Advantages Drivers supporting ferrous scrap demand Largest Scrap Market Globally • North America remains one of the largest and most liquid scrap market globally. • Large and stable industrial and post-consumer scrap generation. • Domestic and export channels supporting market liqu
Slide 16: Structural Market Advantages
Structural Market Advantages Electrification and digital infrastructure driving non-ferrous demand Data Centres • Rapid expansion of hyperscale and AI data centre capacity. • Data centres require significant 65 GW1 Incremental electrical infrastructure. Capacity (2025-2035) • Extensive use of copper
Slide 17: NAM's Strategic Position
NAM’s Strategic Position Strengthened ferrous platform to capture growth Established NAM platform • Broad geographic footprint across key scrap generating regions. HY26 Shredder Utilisation 70% • Long-standing relationships with domestic steel mills and industrial suppliers. 66% 67% 63% Expanded log
Slide 18: NAM's Strategic Position
NAM’s Strategic Position Positioned to capture higher value across the non-ferrous value chain. High-Value, Mill-Ready Products • The granulating capacity and expertise acquired through NEMT enable us to produce furnace-ready material. • Alumisource-acquired furnace-ready expertise and capacity enab
Slide 19: Tri-Coastal Trading
Tri-Coastal Trading What we acquired and why it matters Market optionality, operational efficiency, market consolidation Consolidating Houston Operations • Purchase Price: US$66.5 million. • Valuation Multiple: • <4X EBITDA multiple post-synergies. • Cash Free, Debt Free. • +US$25m EBITDA contributi
Slide 20: NAM Platform for Growth
NAM Platform for Growth Multiple growth Levers Network Expansion • Greenfield feeder yards. • Bolt-on acquisitions to deepen presence in key markets. • Focused transformational acquisitions. Operational Optimisation • Improving utilisation of shredders and yards. Recovery Improvements • Maximising m
Slide 21: Questions & Answers
Questions & Answers 21