Algoma Steel Group Inc. · NASDAQ:ASTL
Algoma Steel — Corporate Update (December 2024)
20 slides from Algoma Steel's corporate update, Dec 10, 2024
Slide 1: Community Liaison Committee Meeting #51
Community Liaison Committee Meeting #51 Tuesday, December 10, 2024
Slide 2: Safety • Teamwork • Integrity • Caring
Safety • Teamwork • Integrity • Caring With every decision, every action, every day, we will work safely with teamwork, integrity and deep care for our people, their families and the environment
Slide 3: Agenda
Agenda 1. Review of September 10th, 2024 meeting notes 2. Membership Items 3. Cokemaking Emissions Performance 4. Electric Arc Steelmaking and Environmental Permit Applications 5. Legacy Environmental Action Plan 6. Community Engagement 7. Next Meetings 3
Slide 4: Membership
Membership Current Members and Alternates Representation Primary Member Alternate Algoma Steel Corey Jackson Giancarlo Perra Ministry of Environment, Conservation & Parks Lori Jalak Rick Lalonde Public David Trowbridge Anton Schoahs Public Jillian Marquis Dan Gabor SSM Tribe of Chippewa Indians TBD
Slide 5: Cokemaking Emissions Performance
Cokemaking Emissions Progressive Annual Reduction Performance 30 Day Rolling Average % Pushing Implementation Charging Doors Lids Off-takes Opacity Key Performance Indicators related to Cokemaking Date Emissions (%) Emissions: July 2, 2015 38 0.8 25 12 sec 50 • average intensity of pushing emissions
Slide 6: Cokemaking Emissions Performance
Cokemaking Emissions Performance Blue lines represent the date of the structure collapse and commissioning of new utility corridor. Purple lines represent when sufficient data became available for 30 day rolling averages. There was a brief period of non-compliance related to the structure collapse.
Slide 7: Cokemaking Emissions Performance
Cokemaking Emissions Performance Notes: • 2015 data begins on July 2nd when the standard came into force • 2024 data includes Jan 1, 2024 to Nov 30, 2024 • Number of audits per year vary based on changing operating conditions Corrective actions are continuously being implemented to further improve p
Slide 8: Cokemaking Stack Opacity
Cokemaking Stack Opacity Blue lines represent the dates of the structure collapse and commissioning of new utility corridor. 8
Slide 9: Building a new era in steelmaking
ALGOMA — STEEL INC. —— Building a new era in steelmaking
Slide 10: Rendering becoming Reality
Rendering becoming Reality EAF reline station installation Stacks on Fume Treatment Plants installation Danieli Q-One power systems 10 10 (1) Photo taken October 15th, 2024
Slide 11: Electric Arc Furnace Local Economic Impacts
Electric Arc Furnace Local Economic Impacts By the Numbers Community spend as of November 29, 2024 $162.7M Local suppliers engaged: 49 Project spend as of September 30, 2024 $672M Project commitments: $870M Creation of 500 construction jobs (1) Photo taken November 2024 11
Slide 12: Powering Algoma's Transformation
Powering Algoma’s Transformation Algoma has secured all required Algoma has made substantial Algoma has received significant power to operate EAFs at current progress on the development of the support and commitment from the shipment volumes derisking the local 230KV line with Ontario government on
Slide 13: Benefits of the 230kV Line for all of Sault Ste. Marie
Benefits of the 230kV Line for all of Sault Ste. Marie Increased Transmission Capacity This project is designed to ensure Sault Ste. Marie is prepared for it’s immediate and long term transmission needs. Enhanced Power Reliability The new infrastructure will reduce the risk of outages and ensuring a
Slide 14: Algoma's Shrinking Environmental Footprint
Algoma’s Shrinking Environmental Footprint Long-Term Advantages of Electric Arc Steelmaking • Algoma expected to become one of the leading producers of green steel in North America • Improves competitiveness for government spending programs where ESG is a criteria • Improves profile with select cust
Slide 15: Transition to Electric Arc Furnace Steelmaking: Environmental Compliance Approvals
Transition to Electric Arc Furnace Steelmaking Environmental Compliance Approvals Algoma Steel submitted applications for the following approvals: Site wide Environmental Compliance Approval for air and noise based on the planned progressive shutdown of equipment and facilities associated with the t
Slide 16: Alternate Standard Requests
Alternate Standard Requests New Standards will govern the operating transition to electric arc steelmaking ASI is seeking either Site Specific Standards (SSS) or an Industry Technical Standard (ITS) as a compliance approach for existing facilities during the transition to EAF steelmaking. Since
Slide 17: Shoreline Stabilization, Sawmill Bay Dredging, and Site Greening
Shoreline Stabilization, Sawmill Bay Dredging, 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 resumed June 24th with the placement of the clean rip-rap
Slide 18: Algoma Steel is committed to being a good neighbor
Algoma Steel is committed to being a good neighbor Since we saw you last in September we have… Sponsored, Sault local Chris Carr for SooToday's 12 Days of Christmas Random Acts of Kindness! We proudly gifted Chris a trip to Calgary to spend the holidays with his family, a new bike, and more! Mad
Slide 19: Thanks to our CLC members, October's Open House was well-attended
Thanks to our CLC members, October’s Open House was our most well-attended event yet! We’re excited to share that our next Community Open House will take place on Wednesday, February 19th, from 4 PM to 7 PM at the Royal Legion. We look forward to seeing you there! 19
Slide 20: Community Liaison Committee - Next Meetings
Community Liaison Committee - Next Meetings Proposed Schedule: • March 18th, 2025 • June 2025 • September 2025 20
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