General Steel Holdings Inc · OTC:GSIH
General Steel — Investor Presentation (November 2010)
18 slides from General Steel's investor presentation, Nov 30, 2010
Slide 1: Investor Presentation (NYSE: GSI)
Slide 2: Disclaimer
“The material presanted is a presentation of ganeral background information about General Steel Hodngs, Inc. as of the dil ofthe pleseniaion He iermaton enn nay tom and does nat purpon to be somplte. Its nat (et itnded ‘onto al foled upon 8s advice fo potential ‘Ths pronation sit al and may not be d
Slide 3: General Steel Holdings, Inc.
+ General Stee! Holdings, Inc. (NYSE, GS) isthe only fly Steel company listed on US stock ‘exchange * Figundes over 20 years ago by austy Poh aodalar catenin renee smments mandate (0 ‘ona ize the Industry RevenueGrowth rates the largest spose Shean Province +, 80% postion in joint venture * Reser te
Slide 4: Investment highlights
v Favorable industry position with strong government support Y Platform that aligns interests of all key industry constituents v is industry i with track record Y Strong financial performance v Proven it team with jive industry
Slide 5: Management team
Name Title Experience Zuosheng GEOR : ("eng Ya Chairman Senior Eeonomist from the Committee of Science and Technology of Tianjin City : lin Party y * Member of China's APEC (Asia Pactic Economie Co-operation) Development ohn Chen Director & 2004 CFO * Senior accountant at Frazer Frost, LLPLos Angele
Slide 6: Industry consolidation targets
Targets + Central government is working toward the closure of many (of the country’s 800 steel companies through a national consolidation efor + Smaller and less efficient mills will be considered obsolete and targeted for shutdown 70% produced + Greenit operations ited by the government forcing 202
Slide 7: Aligning interests of constituents
Interests Central Government » Susainabie Industry development * Efficiency improvement * Pollution reduction / improved * Elimination of backward capacity * Prudent management practices Provincial Government * Local economic development * Sustainable & stable growth * Raising employment * Modern eq
Slide 8: Acquisitions
Acquisitions * Continue improving efficiency and margins * Modem equipment and techniques + New customer development * Active price management * Continue industry consolidation through selected quality acquisitions * Look for SOE and private companies with 1-2 million metric tons capacity and manage
Slide 9: Structure & Revenue Distribution
Slide 10: Longmen Joint Venture
* Ful ntegrated production capabity provides cost * 60% co canta interest - acquired stake for USS39mm in June + La sts producer in Shaanxi province, a key area for development of the e Westem region wi Sppronimelely 70% meneel share ane bred smpetition wit radius * Benefits from the “Go West tax tr
Slide 11: Western Region Development is a Top Priority
stern Region Development is a Top Priority } etl BERGER Construction Period 1 Line = 28.4 km Xian #1, #2 Subway 2006-2013 Dinectesin 39 9.400 Kian-ChengDu Raiway 20002018 kn 72 aH WaterPumping Staton 20002013 7 waiw puna ag ur Tota 136 seat sce uta out aero Cone Junga epee alo amma "
Slide 12: Go West
“Go West” Longmen JV is positioned at the bridgehead for development in China’ cn region . 250 km radius of the city of Xi'an, Shaanxi province + Guanzhong-Tianshui Economic Zone + "Go West’ tax incentive ‘Stimulus Package '=8 out of 10 points will benefit the steel industry = US$585.90n plan expect
Slide 13: Iron Ore and Coke sourcing
Iron Ore + 15% imported from abroad — Purchased at market price + 70% domestic — Purchased at market price + 15% from Daxigou mine owned by Longmen JV Partner — Purchased at market price Muon, ni yu Mine + Owned by Longmen JV partner + Source 80,000 metric tons per month at attractive market prices
Slide 14: Other Subsidiaries
yo & er Subsidiaries BRARER Baotou Stee! Inner Mongolia, 100% owned by GS! 80% owned by GSI, 20% by Baotou Group 400,000 metric tons 400,000 metric tons Hotrolled carbon sheet Spira-weld pipe for use in the energy sector Founded in 1969 a8 one ofthe frst JV with 15th largest steel company in China P
Slide 15: Fourth Quarter 2009 and Full Year 2009 Results
| Fourth Quarter 2009 and Full Year 2009 Re voce | cm | ver rs Sromenvauneona | aso | same | ea | zavs | sons | ena Tottennns | ceria | cc0rae [REI] cco | orzo |ileee Gost seinen | sisanaen | wa | stommen | sesomiton | owrsouns ‘amearers® | czamam | srmmn | wa | azmnn | oo2mmon | owzeun Vetherme tow
Slide 16: Nine months 2010 results
3008 sa10 Yor Shipment votune tn | 2,700.7 29907 102% Total Revenuoe s12165mition | s14t5miton 162% Gross Pott s752mition | $28:7mtion 518% Netincome (Less) (142) min | $100) tion 201% EPS (Fly Died) $4035) 302) 457% ‘nce: Companys fan Steet
Slide 17: Balance sheet
(Us 000) Assets: ‘September 30,2010 December 3, 2009 Cash and Restricted Cash $228,301 274,169 ‘Accounts Receivable 24215 $3,525 Hotes Receivable $67,432 $29,185, Inventories $250,788 $209,087 ‘Advances on Inventory Purchases. $90,146 31402 Total Curent Assets srroses $0527 Property Piant and Equipm
Slide 18: Investment highlights and contact information
v Favorable industry position with strong government support ¥ Platform that aligns interests of all key industry constituents v i industry i with track record Y Strong financial performance v Proven team with ive industry Contact Information ony Wang Justin Kapp Jessica Barst Cohen York
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