Slide 1: Net Zero by 2050 Strategy
NUCOR CORPORATION NET ZERO BY 2050 STRATEGY Leon Topalian Chair, President & CEO, Nucor Corporation Greg Murphy EVP of Business Services, Sustainability and General Counsel, Nucor Corporation Alex Hacking Citi Equity Research Anita McBain Citi ESG Research NOVEMBER 14, 2023
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain statements made in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. The words “anticipate,” “believe,” “expect,” “intend,” “may,
Slide 3: Nucor's GHG Reduction Targets
NUCOR’S GHG REDUCTION TARGETS • Nucor is the North American leader in sustainable steelmaking. • We are committed to a net-zero 2050 science-based GHG target as defined by the Global Steel Climate Council’s (GSCC) “Steel Climate Standard”, an ambitious standard consistent with the International Ener
Slide 4: 2030 GHG Reduction Strategy
2030 GHG REDUCTION STRATEGY Science-based short-term goal of 975 kg CO2 eq/MT by 2030 GHG Reductions in kg CO2 eq/MT 1,075 ~40 2022 GHG Intensity 1,050 Kg CO2 eq/MT SCOPE 1 ~20 186 SCOPE 3 ~20 SCOPE 2 662 1,000 227 ~15 ~5 975 950 2022 GHG CCS Reduced Carbon Reduction in Reduced Reheat Furnace/ 2030
Slide 5: Carbon Capture & Storage (CCS) Project
CARBON CAPTURE & STORAGE (CCS) PROJECT • Nucor’s Louisiana facility (NS-LA) currently produces DRI with ~50% the carbon footprint compared to iron produced in blast furnaces at integrated steel mills • CCS agreement with ExxonMobil announced in June 2023 • ExxonMobil to capture 600-800 kt/yr CO2 fro
Slide 6: Scope 3 Emissions Reduction Strategy
SCOPE 3 EMISSIONS REDUCTION STATEGY CLEANER SCRAP & SCRAP SUBSTITUTES GREEN PIG IRON LOW COPPER SHRED • Green pig iron can be produced from • Advanced separation technologies charcoal made from sustainably grown yielding higher grade obsolete scrap eucalyptus in lieu of coal • Produce higher quality
Slide 7: Leading the Transition to 24/7 Clean Electricity
LEADING THE TRANSITION TO 24/7 CLEAN ELECTRICITY • Nuclear power is one of the • Nucor invested in Helion • Nucor recently announced few sources of reliable, Energy in Sep 2023. Helion our latest Power Purchase baseload carbon-free power is working to develop the Agreement (PPA) for 250MW necessary
Slide 8: Pathway to Net-Zero by 2050
PATHWAY TO NET-ZERO BY 2050 • Nucor will continue to reduce its consumption of electricity generated with fossil fuels LOW CARBON • Through utility partnerships, the promotion of renewables, the exploration of ELECTRICITY nuclear energy alternatives and power purchase agreements we will reduce embod
Slide 9: Alternative Ironmaking
ALTERNATIVE IRONMAKING HIsarna HI (High Intensity) + Sarna (Celtic for ‘Iron’) • In Dec 2022, Nucor invested in Electra, a clean • Partnership with Tata Steel iron company pioneering a carbon-free process that uses electricity to convert low- • Produces iron without coke ovens grade iron ores into h