General Steel Holdings Inc · OTC:GSIH
General Steel — Q3 2009 Earnings Presentation
11 slides from General Steel's earnings presentation, Nov 6, 2009
Slide 1: 3Q09 Earnings Call Presentation
iP RIT BE GENERAL STEEL HOLDINGS INC, 3Q09 Earnings Call Presentation Henry Yu, CEO & John Chen, CFO
Slide 2: Forward-looking statements
This presentation (including the financial projections and any subsequent questions and answers) contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are on
Slide 3: Agenda
* 3Q09 Financial Highlights * Demand Drivers « Western Region Development * Key Operating Metrics * Industry Consolidation * Summary * Q&A ‘This presentation is intended to be viewed in conjunction with General Stee! Holdings, Inc. third quarter 2009 earnings call
Slide 4: Total revenues, shipment volume and income from operations reach record highs
Total revenues, shipment volume and income from operations reach record highs Total revenues increased 17.8% to $484.8 million Aggregate shipment volume increased 67.2% year-over-year Gross margin expanded to 8.2% Income from operations increased to $29.2 million Net income was $10.4 million, or ear
Slide 5: Total Revenues Increased 18%; Major Demand Drivers
Total Revenues Increased 18% 500 484.8 3Q08 3Q09 Total Shipment Volume Increased 67% Metric Tons mm f 1.04 | : | 3Q08 3Q09 Major Demand Drivers National stimulus program “Go West” economic development initiatives Shaanxi provincial GDP growth Sichuan province earthquake reconstruction projects Guanz
Slide 6: 2009 GDP Comparison
2009 GDP Comparison Source: National Bureau of Stasis of Cina, Jangu development & 6 ‘Retr commission, hip wns overage ‘This presentation is intended to be viewed in conjunction with General Steel Holdings, Inc. third quarter 2009 eamings call
Slide 7: Gross Margins Expand to 8.2%
Gross Margins Expand to 8.2% Notes 10.0% 8.2% 8.0% 7 * Upward ASP trend in July and 6.0% 5.5% August 4.0% 4.0% P : + Raw material cost at a relatively ae low and stable level 0.0% 1Q09 2Q09 3Q09 Record Income From Operations + Income from operations increased to $29 million + Record results achieved
Slide 8: Net income for the three months ended September 30, 2009
« For the three months ended September 30, 2009, net income was $10.4 million, or earnings per basic share of $0.23 ‘This presentation is intended to be viewed in conjunction with General Stee! Holdings, Inc. third quarter 2009 earnings call
Slide 9: Impetus for consolidation continues to strengthen
* Impetus for consolidation continues to strengthen — Government actively stepping-up enforcement efforts — Stricter environmental regulations to eliminate backward capacity — Delay of three large steel SOE construction projects — Government revised industry guidelines * Consolidation accentuates ou
Slide 10: Summary: Record revenues, shipment volume and income from operations
Record total revenues, shipment volume and income from operations Longmen JV gross margin improved to more than 8% (four consecutive quarters of improvement) Benefiting from a micro-trend in the domestic steel space and our unique geographic positioning Government led industry consolidation efforts
Slide 11: Thank You! Q&A Session
Thank You! Q&A Session 1 ‘This presentation is intended to be viewed in conjunction with General Stee! Holdings, Inc. third quarter 2009 earnings call
General Steel Holdings — Q3 2009 Earnings Presentation on 6ix