Ryerson Holding Corporation · NYSE:RYZ
Ryerson — Seaport Conference 2026
17 slides from Ryerson's conference presentation, 2026
Slide 1: Ryerson Holding Corporation Investor Presentation
Ryerson Holding Corporation Investor Presentation Seaport Conference 2026 1
Slide 2: Important Information About Ryerson Holding Corporation
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”) or its subsidiaries and no investment decision should be made based upon the information provi
Slide 3: One platform with enhanced scale and growth potential
One platform with enhanced scale and growth potential FEB 13, 2026 Ryerson + Olympic Steel merger closed. In the second quarter, RYZ exceeded its revenue guidance, improved profitability and book value, and delivered targeted synergies, building momentum toward exceeding its first-year run-rate targ
Slide 4: Demand asymmetrically improved with supportive pricing & tight supply
Demand asymmetrically improved with supportive pricing & tight supply Commodity Price Bellwethers – indexed to Dec 2019 CRU HRC LME Aluminum LME Nickel Demand 3.5 • Expanding manufacturing activity illustrated by 7-month streak of 3.0 Futures rising ISM PMI, the longest growth streak since 2022 • S
Slide 5: Q2 Execution Capturing Synergies
Q2 Execution Capturing Synergies Total expected Network annual run-rate Optimization synergies $2.01B Commercial $27 Enhancement Total Company Revenue Efficiency $12 Gains Q3 expected Procurement $13 annualized run-rate synergy attainment1 $14 $120 804K Remaining synergies to be Tons Shipped, up 23%
Slide 6: Enhanced scale and customer service offering
Enhanced scale and customer service offering Perfectly positioned for U.S. reshoring, domestic infrastructure spending, and data center build-outs Increased density enables improved speed to market and wider array of solutions Higher asset utilization through cross- selling value-add capabilities Ry
Slide 7: Strategically Allocating Capital
Strategically Allocating Capital Prioritizing free cash flow generation and debt reduction • Maintained disciplined approach to capex in the second quarter while supporting transactional and value-add growth as well as growth in secular growth markets such as data centers and power generation • Dist
Slide 8: RYERSON
RYERSON
Slide 9: Appendix
Appendix
Slide 10: RYZ Integration Dashboard
RYZ Integration Dashboard Achieved Q2 synergy realization target; projecting $13-14 million in Q3 Two-Year Target Q2 P&L Q3 P&L Annualized Run- Synergy Pillar Q3/Q4 Milestones1 Run-Rate Realized Expected1 Rate Synergies1 Procurement $40M $2.0 ~$6.5 ~$26 Continue supplier harmonization Operating Elim
Slide 11: Compelling Synergy Opportunity
Compelling Synergy Opportunity OVERVIEW ~$120M 33% 100% >$190M Expected Annual Run Rate Expected implementation Expected implementation Pro Forma Free Cash Flow2 Synergies1 by end of Year 1 by end of Year 2 4 Key Pillars Underpinning Synergy Realization Procurement Efficiency Gains Commercial Enhanc
Slide 12: 1H 2026 Same-Store Financials
1H 2026 Same-Store Financials Ryerson Same- Ryerson Holding Olympic Steel Store Corporation Period from Six months ended June 30, 2026 (Dollars in Millions, tons in thousands) 2/13/26 - 6/30/26 Tons Shipped 393 1,067 1,460 Net Sales $ 836.9 $ 2,735.8 $ 3,572.7 Gross margin, excluding LIFO expense 18
Slide 13: Our Value Creation Ladder
Our Value Creation Ladder Value-Add / End Products • End-to-end fabrication, strategic manufacturing, value engineering, precision processing • Examples: Data center racking, HVAC systems, bollards Kits & Assemblies • Custom kits, pre-cut components, OEM manufacturing integration Advanced Processing
Slide 14: Non-GAAP Reconciliation
Non-GAAP Reconciliation Note: EBITDA represents net (loss) 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, reorganization expenses, gain on settlements, gain on benefit
Slide 15: Annual EBITDA Reconciliation
Annual EBITDA Reconciliation ($M) 2023 2024 2025 1H 2026 Tons Sold (000's) 1,943 1,937 1,947 1,460 Net Sales 5,108.7 4,598.7 4,571.3 3,572.7 Average Selling Price $2,629 $2,374 $2,348 $2,447 Gross Profit 1,021.6 834.2 782.2 644.0 Gross Profit per Ton 526 431 402 441 Gross Margin 20.0% 18.1% 17.1% 18
Slide 16: Quarterly EBITDA Reconciliation
Quarterly EBITDA Reconciliation ($M) Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Q3 '25 Q4 '25 Q1 '26 Q2 '26 Tons Sold (000's) 497 508 485 447 500 501 485 461 656 804 Net Sales $ 1,239.2 $ 1,225.5 $ 1,126.6 $ 1,007.4 $ 1,135.7 $ 1,169.3 $ 1,161.5 $ 1,104.8 $ 1,566.5 $ 2,006.2 Gross Profit 217.6 223.5
Slide 17: Expense & Leverage Reconciliations
Expense & Leverage Reconciliations Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Operating expenses $216.8 $200.7 $196.7 $188.5 $202.1 $203.6 $200.5 $206.8 $265.6 $320.8 Restructuring and other charges - 1.7 1.1 0.3 - - - - - - Impairment charges on fixed assets - -