Algoma Steel Group Inc. · NASDAQ:ASTL
Algoma Steel — Q1 FY2025 Earnings Presentation
17 slides from Algoma Steel's earnings presentation, Aug 14, 2024
Slide 1: Earnings Call Presentation
NASDAQ:ASTL Earnings Call Presentation TSX: ASTL For the Quarter ended June 30th, 2024 August 14th, 2024 in Canadian dollars unless otherwise noted
Slide 2: Disclaimer
Disclaimer CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking information” under applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectivel
Slide 3: Earnings Call Agenda
Earnings Call Agenda Safety Performance Today’s Presenters: Financial Performance Michael Garcia Chief Executive Officer Strategic Update Rajat Marwah Market Update Chief Financial Officer Questions & Answers 2
Slide 4: Safety Without Compromise
Safety Without Compromise Continued Focus and Improvement in Lost Time Injury Frequency Rate (LTIFR)1 Health & Safety Performance 1.30 • Ongoing commitment to superior Health & Safety performance has Algoma Steel is proud to led to sustained improvement of safety metrics over time present its 2024 E
Slide 5: Key Performance Highlights
Key Performance Highlights Q1 FY2025 - Ended June 30th, 2024 • Shipping Volume was 503K NT in Q1 FY2025, up 12% from 451K NT in Q4 FY2024 and down 12% from 569K NT in Q1 FY2024. • Steel Revenue was $597 million in Q1 FY2025, up 5% from $568 million in Q4 FY2024 and down 21% from $755 million in Q1 F
Slide 6: First Quarter Financial Highlights
First Quarter Financial Highlights Q1 FY2025 Q1 FY2024 Change Q4 FY2024 Change Shipping volume (‘000s tons) 503 569 ↓ -12% 451 ↑ 12% Net Sales Realization per ton ($/ton) 1,187 1,325 ↓ -10% 1,260 ↓ -6% Steel Revenue($ million) 597 755 ↓ -21% 568 ↑ 5% Cost of Steel Products Sold ($/NT) 1,069 950 ↑ 13
Slide 7: Overview of Net Working Capital Seasonality
Overview of Net Working Capital Seasonality Net Working Capital $M1 $ 573 $ 589 $ 588 $ 568 $ 641 $ 687 $ 762 $ 623 $ 633 $ 825 $ 926 $ 875 $ 815 $ 849 $ 897 $ 830 $ 820 $1,250 $1,050 $850 $823 $887 ($ millions) $650 $808 $800 $616 $486 $866 $912 $759 $450 $480 $638 $723 $470 $415 $250 $489 $490 $52
Slide 8: Construction Update
Construction Update Quench tower assembly is underway Axial Cyclone installation on Baghouse - New Facilities Inside view of the operating floor Project Statistics2: By the numbers2: Concrete Utility Room #2 Cumulative 25,877 cu/m Electrical Carbon Injection EAF Substation Spending $611M Structural
Slide 9: Plate Mill Modernization Update
Plate Mill Modernization Update Algoma’s Path to Higher Plate Production Plate 1 - Quality Focus ✓ New Primary De-scaler (improves surface quality) ✓ Automated Surface Inspection System, detects and maps quality ✓ New Hot Leveler (improves flatness) ✓ Automation Upgrade of the 166 Mill (expands grad
Slide 10: Market Update
Market Update North American HRC and plate pricing remain subdued Historical Hot Rolled Coil (HRC) and As Rolled Plate Prices (ARP) (US$/ton) Key Market Drivers $2,200 • Index HRC remains below $700/NT with annual lows of CRU Index HRC / ARP $656/NT in July 2024. $2,000 • Imports continue to exceed
Slide 11: Committed to our Path Forward, Creating a Track Record of Success
Committed to our Path Forward, Creating a Track Record of Success Strategic Direction Operational & Capital Ladle Met Furnace EAF Approval PMM Phase 1 LSP Power Plant EAF Project PMM Phase 2 PMM Phase 2 Improvements #2 Received board Enhancing quality and Installation of new Construction Commissioni
Slide 12: Appendices
Appendices ALGOMA — STEEL INC. — 11
Slide 13: Recent Updates
Recent Updates For more updates follow our social channels on: @AlgomaSteelInc Algoma Steel Inc 12
Slide 14: Annex: Steel Revenue and Cost of Sales
Annex: Steel Revenue and Cost of Sales Source: Company Q1 FY2025 Management's Discussion and Analysis 13
Slide 15: Annex: Adjusted EBITDA Reconciliation
Annex: Adjusted EBITDA Reconciliation Three months Three months millions of dollars ended ended June 30, 2024 June 30, 2023 Net income $6.1 $130.9 Depreciation of property, plant and equipment and amortization of intangible assets 33.2 23.3 Finance costs 16.4 5.1 Interest on pension and other post-e
Slide 16: Annex: Selected Quarterly Information
Annex: Selected Quarterly Information (millions of dollars, except where otherwise noted) 2025 2024 2023 As at and for the three months ended1 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Financial results Total revenue C$ 650.5 C$ 620.6 C$ 615.4 C$ 732.6 C$ 827.2 C$ 677.4 C$ 567.8 C$ 599.2 C$ 934.1 Steel products 59
Slide 17: NASDAQ:ASTL TSX: ASTL
NASDAQ:ASTL TSX: ASTL 57