Ryerson Holding Corporation · NYSE:RYZ
Ryerson — Jefferies Industrials Conference 2026
17 slides from Ryerson's conference presentation, September 2026
Slide 1: Ryerson Holding Corporation – Jefferies Industrials Conference
Ryerson Holding Corporation Jefferies Industrials Conference September 2026
Slide 2: Important Information About Ryerson Holding Corporation
Important Information About Ryerson Holding Corporation These materials do not constitute an offer or solicitation to purchase or sell securities of Ryerson Holding Corporation (“Ryerson” or “the Company”) or its subsidiaries and no investment decision should be made based upon the information provi
Slide 3: One platform with enhanced scale and growth potential
One platform with enhanced scale and growth potential FEB 13, 2026 Ryerson + Olympic Steel merged and created a combined platform with the scale, capabilities, and network density to accelerate improvement in program economics, transactional volume growth, value-add expansion, organic market share i
Slide 4: Q2 Execution Capturing Synergies
Q2 Execution Capturing Synergies Delivered stronger-than-expected volume, revenue, and EBITDA performance in the first Total expected fully combined quarter Network annual run-rate Optimization synergies Commercial $27M $2.01B Efficiency Enhancement $12M Total Company Revenue Procurement Gains $13M
Slide 5: Stronger, better, intelligent network closer to the customer
Stronger, better, intelligent network closer to the customer Well positioned for U.S. reshoring, domestic infrastructure spending, and data center build-outs Increased density enables improved speed to market and wider array of solutions Higher asset utilization through cross- selling value-add capa
Slide 6: Levers to support higher-margin growth
Levers to support higher-margin growth Ryerson’s expanded scale, capabilities,H IGnetwork and H ER -MA densityRGIN provideGthe RO W TH with multiple levers to improve core Company economics, pursue higher-margin organic growth, and selectively add downstream capabilities, all in support of sustainab
Slide 7: Asymmetrically improved demand and constrained supply support the metals environment
Asymmetrically improved demand and constrained supply support the metals environment Commodity Price Bellwethers – indexed to Dec 2019 CRU HRC LME Aluminum LME Nickel Demand 3.5 • Manufacturing has expanded for eight consecutive months in 2026, marking the longest growth streak since 2022 3.0 Futur
Slide 8: Disciplined Capital Allocation
Disciplined Capital Allocation NEAR-TERM FOCUS: Prioritize free cash flow and debt reduction while supporting shareholder returns and strategically investing in transactional, value-add and manufactured products growth CAPIT AL ALLOCAT ION HIERARCHY Generate free cash flow as merger benefits Reduce
Slide 9: A dynamic, intelligent service center network platform
A dynamic, intelligent service center network platform with post-merger benefits execution well underway and clear levers to support higher-margin growth and higher, less volatile operating income through the cycle 1 STRONGER PLATFORM 2 EXECUTION UNDERWAY 3 CLEAR PATH TO VALUE ~150 locations | ~7% $
Slide 10: RYERSON
RYERSON
Slide 11: Appendix
Appendix
Slide 12: Moving downstream supports margin expansion
Moving downstream supports margin expansion Value-Add / End Products • End-to-end fabrication, strategic manufacturing, value engineering, precision processing • Examples: Data center racking, HVAC components, bollards Kits & Assemblies • Custom kits, pre-cut components, OEM manufacturing integratio
Slide 13: RYZ Integration Dashboard
RYZ Integration Dashboard Achieved Q2 synergy realization target; projecting $13-14 million in Q3 Two-Year Target Q2 P&L Q3 P&L Annualized Run- Synergy Pillar Q3/Q4 Milestones1 Run-Rate Realized Expected1 Rate Synergies1 Procurement $40M $2.0 ~$6.5 ~$26 Continue supplier harmonization Operating Elim
Slide 14: 1H 2026 Combined and Same-Store Financials
1H 2026 Combined and Same-Store Financials Ryerson Same- Ryerson Holding Olympic Steel Store Corporation Period from Six months ended June 30, 2026 (Dollars in Millions, tons in thousands) 2/13/26 - 6/30/26 Tons Shipped 393 1,067 1,460 Net Sales $ 836.9 $ 2,735.8 $ 3,572.7 Gross margin, excluding LI
Slide 15: Non-GAAP Reconciliation
Non-GAAP Reconciliation Note: EBITDA represents net (loss) income before interest and other expense on debt, provision (benefit) for income taxes, depreciation and amortization. Adjusted EBITDA gives further effect to, among other things, reorganization expenses, gain on settlements, gain on benefit
Slide 16: Annual EBITDA Reconciliation
Annual EBITDA Reconciliation $M) ($M) 2023 2024 2023 2025 2024 1H2025 2026 1H 2026 ons Sold (000's) Tons Sold (000's) 1,943 1,937 1,943 1,947 1,937 1,460 1,947 1,460 et Sales Net Sales 5,108.7 4,598.7 5,108.7 4,571.3 4,598.7 3,572.7 4,571.3 3,572.7 verage Selling Price Selling Price Average $2,629 $
Slide 17: Quarterly EBITDA & Leverage Reconciliation
Quarterly EBITDA & Leverage Reconciliation Q1 ($M)'24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Q3 Q1'25 '24 Q4 Q2'25 '24 ($M) Q1 Q3'26 '24 Q2 Q4'26 '24 Q1 '25 2023Q2 '25 2024 Q3 '25 ($M) 2025 Q4 1H 2023'25 2026 Q1 2024 Tons 497 Sold (000's) 508 485 447 500 501 485 497 461 508 Total debt 656 485 804 447 50
Ryerson Holding — Jefferies Industrials Conference 2026 on 6ix