Algoma Steel Group Inc. · NASDAQ:ASTL
Algoma Steel — Q2 2025 Earnings Presentation
21 slides from Algoma Steel's earnings presentation, Jul 30, 2025
Slide 1: Earnings Call Presentation
Earnings Call Presentation For the Quarter Ended June 30, 2025
Slide 2: Disclaimer
Disclaimer CAUTIONARY STATEMENT REGARDING Commission (the “SECˮ), as part of Algomaʼs Annual Report on Form recognized in other comprehensive (loss) income and accumulated in FORWARD-LOOKING STATEMENTS 40F (available at www.sec.gov), as well as in Algomaʼs current reports equity under the heading ‘
Slide 3: Agenda
Agenda Today’s Presentors 01 Safety Performance Michael D. Garcia, 02 Financial Performance Chief Executive Officer 03 Strategic Update 04 Market Update Rajat Marwah, 05 Questions & Answers Chief Financial Officer 3 EARNINGS CALL PRESENTATION
Slide 4: Safety Without Compromise
Safety Without Continued Focus and Improvement in Lost Time Injury Frequency Rate (LTIFR)1 Compromise Health & Safety Performance Ongoing commitment to superior Health & Safety 1.00 performance has led to sustained improvement of safety metrics over time. Health & safety remains our highest priority
Slide 5: Key Performance Highlights
Key Performance Q2 2025 Highlights Highlights Q2 2025 – Ended June 30th, 2025 472K NT $534M Shipments Steel Revenue Shipping Volume was 472K NT in Q2 2025, up slightly from 470K NT in Q1 2025 and down 6% from 503K NT in Q2 2024. ($32)M -5.5% Adjusted EBIDTA Adjusted EBIDTA Margin Steel Revenue was $
Slide 6: Second Quarter Financial Highlights
Second Quarter Financial Highlights Q2 2025 Q2 2024 Change Q1 2025 Change Shipping volume (‘000s tons) 472 503 ↓ -6% 470 ↑ 0% Net Sales Realization per ton ($/ton) 1,132 1,187 ↓ -5% 986 ↑ 15% Steel Revenue ($ million) 534 597 ↓ -11% 463 ↑ 15% Cost of Steel Products Sold 1,144 1,069 ↑ 7% 1137 ↑ 1% ($
Slide 7: Overview of Net Working Capital Seasonality
Overview of Net Working Capital Seasonality1 Net Working Capital ($M) $568 $ 641 $ 687 $ 762 $ 623 $ 633 $ 825 $ 926 $ 875 $ 815 $ 849 $ 897 $ 830 $ 820 $ 785 $868 $730 $717 $43M $62M $57M $616M $823M $887M $866M $912M $879M $486M $723M $759M $808M $800M $793M $480M $638M $694M $736M $470M $415M $40
Slide 8: Electric Arc Furnace Construction Update: Rendering Becoming Reality
Electric Arc Furnace Construction Update: Rendering Becoming Reality Photo taken June 3, 2025 8
Slide 9: EAF First Heat
EAF First Heat July 2025 Water Treatment Plant commissioned Fume Treatment Plant commissioned EAF Electrical Substation tested and energized The Furnace takes its place inside the engineered furnace enclosure 9
Slide 10: Market Update
Market Update Historical Hot Rolled Coil (HRC) and As Rolled Plate Prices (ARP) (US$/ton) Macroeconomic Drivers $1,800 Trade Policy and Tariffs $1,600 Global Supply Chain Disruptions $1,400 Economic Indicators – Canada Automotive Industry Dynamics $1,200 Inflation $1,000 $/NT Central Bank Policy $80
Slide 11: Committed to our Path Forward
Committed to our Path Forward We are positioning Algoma for a new era in steel, well-capitalized to make critical investments that enhance long-term performance and create value for our shareholders. STRATEGIC DIRECTION OPERATIONAL & CAPITAL LADLE MET EAF APPROVAL PMM PHASE 1 LSP POWER PLANT PMM PHA
Slide 12: Appendices
Appendices 12
Slide 13: De-Risked Transition and Ramp-Up Plan
Direct Direct Strip Strip Production Production Complex Complex BOF BOF Slab Slab Caster Caster De-Risked Transition LMF LMF #1 #1 LMF#2 LMF#2 and Ramp-Up Plan Plate Plate and and Strip Strip Hot Hot Mill Mill Integrated Steel Making - Today EAF Steel Flow Operating primary facilities including Coke
Slide 14: Algoma's 2024 Sustainability Report
Algoma’s 2024 Sustainability Report Algoma Steel is proud to share its 2024 Sustainability Report covering the nine months ended December 31, 2024. The report outlines our sustainability strategy, highlights progress made over the past year, and details how we are addressing sustainability risks whi
Slide 15: Social Updates
Social Updates For more updates follow our social channels: 15
Slide 16: Annex: Steel Revenue and Cost of Sales
Annex: Steel Revenue and Cost of Sales 16 Source: Company Management's Discussion and Analysis prepared for the 3 and 6 months ended June 30, 2025.
Slide 17: Annex: Adjusted EBITDA Reconciliation
Annex: Adjusted EBITDA Reconciliation 17 Source: Company Management's Discussion and Analysis prepared for the 3 and 6 months ended June 30, 2025.
Slide 18: Annex: Selected Quarterly Information
Annex: Selected Quarterly Information 18 Source: Company Management's Discussion and Analysis prepared for the 3 and 6 months ended June 30, 2025.
Slide 19: Glossary
Glossary Term Definition Basic Oxygen Vessel used to convert liquid hot metal from a blast furnace Furnace (BOF) into steel. Blast Furnace (BF) Metallurgical furnace combining fuel, ores and flux to smelt iron ore to produce pig iron, which is fed downstream into a BOF. Cogeneration Also known as com
Slide 20: Term Definition
Term Definition Hot Rolled Sheet Carbon steel product commonly used for applications in which dimensional tolerances and surface finish quality is not critical (e.g. automotive accessories, stampings). Iron Ore Pellets Pellets are small balls of iron ore used in the production of steel that are agglo
Slide 21: Building Better Lives and a Greener Future.
Building Better Lives and a Greener Future. WWW.ALGOMA.COM