General Steel Holdings Inc · OTC:GSIH
General Steel — Investor Presentation (May 2010)
18 slides from General Steel's investor presentation, May 13, 2010
Slide 1: General Steel Holdings (NYSE: GSI)
(NYSE: GSI)
Slide 2: Forward-looking statements disclaimer
person” No epresetatin or waranty. oxprass or mpled.e made concomng and 0 Trance stout Be placed on NE Securacy, facnoss, or completeness aap " , lon (including the financial projections end any subsequent questions and answers) contain statements that ze poled Sraraeoure gan ae moan bie Salon 1h oo
Slide 3: General Steel Holdings, Inc.
2009 + General Steel Holdings, Inc. (NYSE, GS) isthe only ful i Revenue Growth integrated Chinese steel oe eetensiniaex Coreany is acting as a steel industry cor ‘capitalizing ‘onthe Yevarmente 's mandate {0 rationalize the industry * Capacity of 8.3 milion metre erates the eget ‘neraled see Product
Slide 4: Investment highlights
v Favorable industry position with strong government support Y Platform that aligns interests of all key industry constituents v i industry i with track record Y Strong financial performance v Proven management team with extensive industry experience
Slide 5: Management team
Name Title Experience Zuosheng CEO & ‘Started the Company in 1998 Yu + ‘Senior Economist rm ine Cormites of Science and Technology of Tan Cy ' MBA degree from the Graduate School of Tianjin Party Universi . Meni ef ras APEC ‘(Asia Pacific Economic Co-operation) Development von Chen Director & + Join
Slide 6: Targets for industry consolidation
Targets for Industry + Central government is working toward the closure of many of the country’s 800 stee! companies through a national consolidation and targeted for shutdown 70% produced + Greenil oprationsimied by the government forcing 2020\ haves larger steel producers to grow capacity via acqu
Slide 7: Interests of key constituents
Interests Central Government * Sustainable industry development * Efficiency improvement * Balin reduction / improved * Elimination of backward capacity nt management practices Pro. | Government * Local economic development * Sustainable & stable growth * Raising employment + Modem equipment Local C
Slide 8: Organic growth and acquisitions
Organic Growth * 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 mana
Slide 9: Legal Structure
Legal Structure ‘Gena See HOS TE (a Nevada Corporation). [vs /enues) is the lar he nm g it
Slide 10: Longmen Joint Venture
* Fullyintegrated production capably provides cost- = 60% canting interest - acquired stake for USS39mm in June * Largest steel producer in Shaanxi province, a key area for development tern region Sorocanatey 70% market shore ae ited onvettion within a 250 km radius, * Benefits from the “Go West’ ta
Slide 11: Go West
“Go West” Longmen JV is positioned at the bridgehead for development in China's Westem region 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 benef the stee! industry steel ‘demand in measures to boost
Slide 12: Western Region Development is a Top Priority
stern Region Development is a Top Priority een Central aa Construct ian #, #2 Subway 20062013 ae 39 400 20082015, 340k 72 784 WaterPumping Staton 20002018 7 wal pug 2s “7 6 set Total
Slide 13: Raw materials: iron ore and coke
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, rn yu Mit + Owned by Longmen JV partner + Source 80,000 metric tons per month at attractive market prices +
Slide 14: Other Subsidiaries
er Subsidiaries Baotou Stee! Inner Mongolia, 80% owned by GSI, 20% by Baotou Group 400,000 metric tons voc cton sos peated pp for ue inte ary sntor Founded in 1989 a8 one ofthe fest : IV with 15th largest steel company in China PAMEPETAE Chiross non-SOE stool companies Comments Raw mall nd transpose
Slide 15: Results
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Slide 16: Q1 2009 vs Q1 2010 results
41009 4010 Yor Shipment Volume may | 7184 410354 442% Tota Revenues ss222amition | $452.0miion 405% Gross Pott ‘si2amiion | $57 miton 55.0% Netinceme Loss) s7mition | 5155) mation NA EPS Fully Ditod) $020 11) Na ‘ce: Campa Fran Stes
Slide 17: Consolidated Balance Sheet Highlights
Slide 18: Investment highlights and contact information
v Favorable industry position with strong government support v Platform that aligns interests of all key industry constituents v i industry i with track record Y Strong financial performance v Proven management team with extensive industry experience Contact Information Rose Warner sing OuYang stn K
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