General Steel Holdings Inc · OTC:GSIH
General Steel — FY2009 Earnings Presentation
16 slides from General Steel's earnings presentation, Mar 16, 2010
Slide 1: Full Year and Fourth Quarter 2009 Earnings Call Presentation
i Fa eRe BE GENERAL STEEL HOLDINGS INC. Full Year and Fourth Quarter 2009 Eai Call Presentation Henry Yu, CEO & John Chen, CFt
Slide 2: Forward-looking statements
This presentation (including the financial projections and any subsequent questions and answers) contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 Such forward-looking statements are onl
Slide 3: Agenda
* 2009 Full Year Financial Highlights + Demand Drivers * Western Region Development + Key Operating Metrics + Summary & 2010 Outlook * Q&A 3 ‘This presentation sintended tobe viewed in conjunction with General Stee Holdings, Inc fll year and fourth quarter 2008 earings cal,
Slide 4: 2009 Full Year Financial Highlights
* Total revenues increased 23.5% year-over-year and reached record high of $1.7 billion + Aggregate shipment volume increased 66.1% year-over-year and reached record high of 3.8 million metric tons + Gross margin was 5.3%, compared to 0.6% in 2008 + Income from operations reached record of $47.5 mil
Slide 5: Total Revenues Increased 23.5%
Total Revenues Increased 23.5% “ 7 ic initia UsDin thousands ‘Go West” economic initiative sD in thous cease 1,600,000 Top five economist inthe 12h Five-Year National Econonio ane Soca Pan cNESOEY Cort a013) 1,400,000 1,200,000 + Toal infrastructure spending of approximately 480 bition RMB, 1,000,00
Slide 6: Increased GDP Comparison in 2009
Increased GDP Comparison in 2009 % Increased GDP Selected Infrastructure Investment in Shaanxi © Provincial Infrastructure Projects: nearly 100 billion RMB, or approximately 15 billion USS. dollars through 2013 © Selected Infrastructure Projects: Xian #1, +#2 subway, Xian-Chengdu railway and 67 rese
Slide 7: Total Shipment Volume Increased
Total Shipment Volume Increased Total Shipment Volume Increased 66.1% Year-over-Year 95.4% Year-over-Year Metic Tone Metre Tons 4,200,000 4,123,827 4,000,000 — 1,000,000 3,000,000 sopj00 arreans 2207828 600000 | 875.008 200.000 - NT! “ 400,000 4,000,000 200,000 ° ° 2007 2008 2009 ‘04 2008 24 2009 ‘T
Slide 8: Total Revenues Increased 23.5% / 73.1%
Total Revenues Increased 23.5% Total Revenues Increased 73.1% Year-over-Year Year-over-Year US$ (mm) US$ (mm) 4,800 1,668.4 500 4619 11600 450 ne 4,961.2 _ 1.200 350 11000 | ag 300 2614 00 _ band 150 bee 100 200 30 ° ° 2007 2008 2000 24 2008 242008 ‘This presentation sintended tobe viewed in conjunc
Slide 9: Gross Profit Increased
Gross Profit Increased More Than Gross Profit Reached $13.4 Million 1,000% Year-over-Year in the Fourth Quarter of 2009 US$ (mm) US$ (mm) 100 oe 200 tas e “ i 70 co} 567 00 . 4 bd 24 2000 * “100 7* 79 200 2007 2008 2008 + Gross margin in 2009 reached 5.3% compared to 0.6% in 2008 + Gross margin in Q
Slide 10: Income from Operations Reached Record
Income from Operations Reached Income from Operations Reached $1.5 a Record of $47.5 million in 2009 million in the Fourth Quarter of 2009 USS (mm) Uss (mm) ot ws ars 10 40 15 20 ° 20 042009 10 40 ° 10 | 2007 2008 29 “20 so *o (23.9 (202) 40 10 ‘This presentation sintended tobe viewed in conjunction
Slide 11: Adjusted non-GAAP EBITDA Increased
Adjusted non-GAAP EBITDA Increased Adjusted non-GAAP EBITDA More Than 2,800% Year-over-Year Reached $16.1 million in Q4 of 2009 USS (mm) USS (mm) 100 93.2 20 16.1 90 18 80 10 2 5 co} 620 7 ra 5 42009 30 “10 20 32 15 7 20 2007 2008 2009 28 (22.4) {te ron GA6e EBrDA dtd o CAND rl cme le ue in. depraci
Slide 12: Adjusted EPS reconciliation
ur netincome was materially impactod by a non-cash, non-operatng exponse called change in the fir value of dorvaive labile lated to the conversion ofthe outstanding convertible note. To supplemont our consolidated nancial statoments, which afe prepared and presented in accordance with GAAP, wa use E
Slide 13: Balance sheet (USD ,000)
(USD ,000) Assets: Gath and Restricted Cash ‘Accounts Receivable Notes Receivable Inventories ‘Advances on Inventory Purchases Total Curront Assets Property Plant and Equipment Total Assets Liabities: Total Notes Payable Total Accounts Payable ‘Total Short Term Loan Customer Deposits ‘Taxes Payable
Slide 14: Summary
+ Record total revenues, shipment volume and income from operations + Locked-in approximately 70% of targeted 2010 total sales volume at Longmen Joint Venture with distributors + Awarded preferred supplier status for the Xi Luo Du hydropower plant, the third largest hydropower plant in the world and
Slide 15: 2010 Outlook
+ Robust demand in addressable markets - Average Selling Price (“ASP”) trend + Trend of cost of raw material - Iron ore - Coke + Lease-out Dagiuzhuang facility - Reduce overhead costs - Provide a steady revenue stream in the form of fixed monthly lease revenue + Acquisition Environment ~ Highly frag
Slide 16: Contact Information
Contact Information Mr. Ross Warner Me sing Ou-Vang, General Sto Holding, ne Genera Sto Holdings, Ine “Tek + 6-10 879.7346 “Tes + o-10.979-7546 mall: rosewarner tga stel.com Email: jing.ouyangZatysh ste. com End Notes: Ms Jessica Bars Coen (Ogiyy Financial, New York Te + 1616-40 9989 Ema gsiogtty co
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