Algoma Steel Group Inc. · NASDAQ:ASTL
Algoma Steel — Corporate Update (September 2024)
21 slides from Algoma Steel's corporate update, Sep 10, 2024
Slide 1: Community Liaison Committee Meeting #50
Community Liaison Committee Meeting #50 Tuesday, September 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 June 11th, 2024 meeting notes 2. Membership Items 3. Cokemaking Emissions Performance 4. Electric Arc Steelmaking and Environmental Permit Applications 5. Legacy Environmental Action Plan 6. 2024 ESG Report Release 7. Community Engagement 8. Next Meetings 3
Slide 4: Membership
Membership Current Members and Alternates Representation Primary Member Alternate Algoma Steel Fred Post Chris Galizia 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 Algoma
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. 6 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 Aug 31, 2024 • Number of audits per year vary based on changing operating conditions All corrective actions taken to improve pushing opacity have been successf
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: Algoma Steel Inc. - Building a new era in steelmaking
ALGOMA — STEEL INC. —— Building a new era in steelmaking
Slide 10: Powering Algoma's Planned Transformation
Powering Algoma’s Planned Transformation 2025-2026E 2026- 2029- 2028E 2030E Initial Phase PowerSecured Requirements Phase Phase 3 2 Configuration Power Lake Superior Existing 115KV Power (LSP) Lake Superior Existing 115KV Local 230KV Regional Bulk Transmission Existing 115KV Local 230KV (110MW) Powe
Slide 11: 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 12: 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 13: Electric Arc Furnace Local Economic Impacts
Electric Arc Furnace Local Economic Impacts By the Numbers Community spend as $151.6M Quench tower assembly is underway Axial Cyclone installation on Baghouse of August 27, 2024 Local suppliers engaged: 47 Project spend as of June 30, 2024 $611M Project budget: $825 - 875M Inside view of the operati
Slide 14: 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 15: 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 16: 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 17: Follow Algoma's Journey to Green Steel!
Follow Algoma’s Journey to Green Steel! 2024E 2025E 2026E 2029E • Commence • Commence • Target completion • Completion of commissioning commissioning of PUC 230kv line Hydro One EAF #2 EAF #1 Transmission Line • Complete • Complete Construction of Construction of Water the Fume Treatment Treatment P
Slide 18: Algoma Steel issued our 2024 annual ESG report
Algoma Steel issued our 2024 annual environmental, social and governance (ESG) report We believe becoming a North American leader in green steel, means becoming a leader in ESG. In our ESG report, we're proud to share our progress and the steps we're taking to align our operations with the principle
Slide 19: Algoma Steel is committed to being a good neighbor
Algoma Steel is committed to being a good neighbor Since we saw you last in June we have… Pledged an annual donation of $50,000 to the Sault Ste. Marie YMCA for the next five years, ensuring continued access to essential services that support the physical, mental, and social well-being of our comm
Slide 20: Next Community Open House
Our next Community Open House will be held on Wednesday, October 23rd from 4 pm – 7pm at Marconi Multicultural Event Centre. We hope to see you there! 20
Slide 21: Community Liaison Committee - Next Meetings
Community Liaison Committee - Next Meetings Proposed Schedule: • December 10th, 2024 • March 11th, 2025 • June 2025 21
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