Metallus Inc. · NYSE:MTUS
Metallus — Q2 2026 Earnings Presentation
13 slides from Metallus's earnings presentation, Aug 4, 2026
Slide 1: Earnings Presentation | Q2 2026
Earnings Presentation | Q2 2026 August 2026
Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
Forward-Looking Statements & Non-GAAP Financial Measures Forward-looking statements This presentation includes "forward-looking" statements within the meaning of the federal securities laws. (12) the impact of global conflicts on the economy, sourcing of raw materials, and commodity prices; (13) You
Slide 3: Operational & Other Highlights
Operational & Other Highlights Net sales of $341.0 million, up 11% sequentially and 12% year over year, while net income increased to $8.9 million from $5.4 million in the first quarter and $3.7 million in the prior-year quarter Adjusted EBITDA of $29.0 million, an increase of 18% sequentially a
Slide 4: Q2 2026 Financial Highlights
Metallus Q2 2026 | Financial Highlights PRIOR YEAR AND SEQUENTIAL COMPARISON NET SALES | $341 MILLION NET INCOME | $9 MILLION ADJUSTED EBITDA (1) | $29 MILLION $341 $29 $305 $308 $9 $27 $25 $5 $4 Q2 25 Q1 26 Q2 26 Q2 25 Q1 26 Q2 26 Q2 25 Q1 26 Q2 26 OPERATING CASH OUTFLOW | $13 MILLION ADJUSTED EPS
Slide 5: Q2 2026 End Market Performance
Metallus Q2 2026 | End Market Performance Shipments (k Tons) Base Sales per Ton(1) 70 75 67 $1,408 $1,344 $1,323 Automotive Q2 25 Q1 26 Q2 26 Q2 25 Q1 26 Q2 26 67 67 65 $1,263 $1,140 $1,206 Industrial Q2 25 Q1 26 Q2 26 Q2 25 Q1 26 Q2 26 $2,457 $2,595 18 20 $2,364 15 Aerospace & Defense Q2 25 Q1 26 Q
Slide 6: Q2 2026 Adjusted EBITDA Waterfall
Metallus Q2 2026 | Adjusted EBITDA(1) Waterfall PRIOR YEAR COMPARISON $15.1 $(2.1) $ in Millions $2.4 $- $29.0 $26.5 $(11.6) $(1.3) 2025 Q2 VOLUME PRICE/MIX RAW MANUFACTURING SG&A OTHER 2026 Q2 ADJUSTED MATERIAL SPREAD ADJUSTED EBITDA (1) EBITDA (1) SEQUENTIAL COMPARISON $9.3 $(2.2) $29.0 $1.5 $(1.8
Slide 7: Q3 2026 Outlook
Metallus | Q3 2026 Outlook PERFORMANCE METRIC VS. Q2 2026 OUTLOOK Third-quarter shipments are expected to be similar on a sequential basis based on Shipments customer mix and lead time expectations. Based on lead times and product mix, third quarter price and mix are expected to be slightly bett
Slide 8: Investment Highlights
Metallus Investment Highlights SAFETY IS A NON-NEGOTIABLE Consistent commitment backed by investments in training and tools support a best-in-class safety culture. STRONG IndustrialTHROUGH CYCLE CASH FLOW GENERATION Cash flow generation and a resilient balance sheet reinforce financial strength and
Slide 9: Appendix
Appendix
Slide 10: Reconciliation of EBITDA and Adjusted EBITDA to GAAP Net Income
$mReconciliation of Earnings (Loss) Before Interest, Taxes, Depreciation and Amortization (EBITDA)(3) and Adjusted EBITDA(8) to GAAP Net Income (Loss) This reconciliation is provided as additional relevant information about the company's performance. EBITDA and Adjusted EBITDA are important $M QUART
Slide 11: Reconciliation Adjusted Diluted EPS
Reconciliation Adjusted Diluted EPS (1) Adjusted net income (loss) and adjusted diluted earnings (loss) per share are financial measures not required by or (1) For the three months ended June 30, 2026, common share equivalents for shares issuable for equity-based presented in accordance with GAAP. T
Slide 12: Calculation of Total Liquidity
Calculation of Total Liquidity(1) This calculation is provided as additional relevant information about the company's financial position. $M QUARTERLY – CONSOLIDATED TOTAL (1) Total Liquidity is defined as available borrowing capacity plus cash and cash equivalents (2) As of June 30, 2025, and March
Slide 13: Quarterly Reconciliation of Base Sales to GAAP Net Sales
Quarterly Reconciliation of Base Sales(1) to GAAP Net Sales INDUSTRIAL AUTOMOTIVE The tables to the right present net sales by end-market sector, adjusted to exclude surcharges, which represents a financial measure that has not been determined in accordance with GAAP. We believe presenting net sales