General Steel Holdings Inc · OTC:GSIH
General Steel — Q2 2014 Earnings Presentation
11 slides from General Steel's earnings presentation, Aug 14, 2014
Slide 1: Second Quarter 2014 Earnings Call Presentation
1 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. Second Quarter 2014 Earnings Call Presentation August 14, 2014
Slide 2: Safe Harbor Statement
2 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. Safe Harbor Statement This presentation (including the financial projections and any subsequent questions and answers) contains statements that are forward - looking w
Slide 3: Agenda
3 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. Review of Progress on Key Initiatives Agenda China Steel Industry Dynamics Second Quarter 2014 Highlights Henry Yu, Chief Executive Officer John Chen, Chief Financial
Slide 4: Second Quarter 2014 Highlights
4 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. Second Quarter 2014 Highlights Improved Gross Margin 2Q14’s 4.8% was 36 - month high Stabilized ASP* in 2Q 2014 * Average selling price of rebar at Longmen Joint Ventu
Slide 5: China Steel Industry Dynamics
5 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. » In July 2014, MIIT announced the first batch of capacity to be closed: • 44 iron - making companies with total capacity of 25.4 million tons • 30 steel - making comp
Slide 6: Continued Progress on Key Initiatives
6 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. Ramped - Up Continuous Rolling Capacity Yielded Positive Benchmarking Savings Optimized Procurement Channel Continued Progress on Key Initiatives General Steel has mad
Slide 7: EBITDA and OCF Turned Around
7 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. EBITDA and OCF Turned Around EBITDA Operating Cash Flow USD Million Up $54.4 million Y oY USD Million Up $121.4 million Y oY
Slide 8: Second Quarter 2014 Financial Summary
8 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. Items 2 Q 2014 2 Q 2013 Y - o - Y% Total Sales Volume (Thousands MT) 1,306 1,385 - 5.7% ASP of Rebar** (US$/per MT) 450.0 482.7 - 6 .8% Revenue (US$ million) 588.0 653
Slide 9: Balance Sheet Summary
9 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. Balance Sheet Summary AS OF (USD 1,000) June 30, 2014 December 31, 2013 Assets: Cash and Restricted Cash $ 492,855 $431,300 Accounts Receivable $11,065 $7,020 Notes Re
Slide 10: Second Half 2014 Guidance
10 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. Sales Volume Approx. 3 million mt Approx. 24.4% Total Sales $1.3 ~ $1.4 billion 12.2% ~ 20.8% Net Income * $ 4.5 ~ $6.5 m illion 21.6% ~ 75.7% EPS* $0.08 ~ $0.12 17.6
Slide 11: Q&A
11 This presentation is intended to be viewed in conjunction with the General Steel Holdings, Inc. second quarter 2014 earnings call. 11 Q&A Joyce Sung General Steel Holdings, Inc. Tel: +1 - 347 - 534 - 1435 Email: joyce.sung@gshi - steel.com
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