United States Steel Corporation · NYSE:X
United States Steel — Q3 FY2023 Earnings Presentation
17 slides from United States Steel's earnings presentation, Feb 7, 2024
Slide 1: Q3 FY2023 Earnings Summary
TYO : 5401 OTC : NPSCY(ADR) Feb. 7 th , 2024 Q3 FY2023 Earnings Summary Notes on this presentation material Unless otherwise noted, all volume figures are presented in metric tons. Unless otherwise noted, all financial figures are on consolidated basis. Unless otherwise noted, net profit represents
Slide 2: Agenda
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 2 Agenda 1. Q3 FY2023 Earnings Summary and FY2023 Earnings Forecast Summary / Additional Line Items, Net Profit / Dividend 2. Establishing an Enduring Business Structure Creating a business framework that maintains consistent profitability even in
Slide 3: Roadmap for Growth Strategy
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 3 Roadmap for Growth Strategy FY2023 FY2024 FY2025 FY2026 ～ Investing Investment in ESS Capacity & Quality Enhancement N ext - G eneration H ot - S trip M ill at Nagoya Works Facility Structural Measures AM/NS India Expansion of U pstream F acilit
Slide 4: Toward the vision of Global Crude Steel Capacity 100Mt
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 4 * In addition to capacities of 30 - 50% ownership companies as defined by World Steel Association, equity method affiliates less than 30% ownership (AGIS) are both included on a 100% capacity basis. T oward the vision of “ Global Crude Steel Cap
Slide 5: Realize further growth of U.S. Steel by combining strengths of both companies
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 5 Realize further growth of U . S . S teel by combining strengths of both companies Robust facilities organically combining iron ore mines, BFs, and EAFs Extensive U.S. Customer bases Well - established history Brand value Excellent Management and
Slide 6: Contribute to benefits for all stakeholders
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 6 Contribute to benefits for all stakeholders Employees Customers Environment /Sustainability Shareholders All - cash offer of 55$/share for U. S. Steel shareholders Enhance Nippon Steel's consolidated profitability and potential for growth, and m
Slide 7: Transaction financing and merger agreement terms
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 7 • Bridge Finance for the transaction has been committed by leading Japanese banking institutions, and, in connection with the closing, these banking institutions may fund the financing in a combination of U.S. dollars and yen • Debt/equity ratio
Slide 8: Closing upon receipt of regulatory approvals
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 8 Closing upon receipt of regulatory approvals ق Expected to close in the second or third quarter of 2024 ك Overseas Steel Business Progress Dialogue with U. S. Steel’s Stakeholders Working towards a successful closing of the acquisition U. S. Ste
Slide 9: Overview of U.S. Steel
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 9 Overview of U. S. Steel U.S. Europe Total Headquarters Pittsburgh, Pennsylvania, USA (remain unchanged after acquisition) Manufacturing bases <Flat - Rolled> ： Gary (Indiana ) , Mon Valley (Pennsylvania) , Granite City (Illinois) , Great Lakes (
Slide 10: Creating new value by combining the technologies of both companies
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 10 Creating new value by combining the techn ologies of both N ippon Steel and U. S. Steel After acquisition , study the detail of the potential synerg y P roduct T echnologies A uto motive sheets (high - grade), Processing technologies and soluti
Slide 11: Volume, Price Trend
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 11 U. S. Steel : Volume, Price Trend 24.2 23.6 22.5 21.8 16.0 15.7 15.9 16.9 15.3 12.7 18.0 16.0 17.3 0 5 10 15 20 25 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Mon Valley Fairfield Europe （ Košice ） Graet Lakes Gary Lake Eri
Slide 12: Financial Indicator Trends
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 12 U. S. Steel : Financial Indicator Trends 265 247 (1,900) 413 (1,202) (201) 669 1,124 (230) (1,075) 4,946 3,160 799 (3,000) (2,000) (1,000) 0 1,000 2,000 3,000 4,000 5,000 6,000 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 M
Slide 13: Balance Sheet, Cash Flows
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 13 (5,130) 156 (20,000) (15,000) (10,000) (5,000) 0 5,000 10,000 15,000 2011 2013 2015 2017 2019 2021 2023 Units : M$ Benefit obligations Funded status Pension Benefits Plan assets Other Benefits U. S. Steel : Balance Sheet, Cash Flows （ The end o
Slide 14: This presentation does not constitute an offer or invitation to subscribe for or purchase
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 14 This presentation does not constitute an offer or invitation to subscribe for or purchase any securities and nothing containe d h erein shall form the basis of any contract or commitment whatsoever. This presentation is being furnished to you s
Slide 15: Additional Information and Where to Find It
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 15 Additional Information and Where to Find It This presentation relates to the proposed transaction between the United States Steel Corporation (“U. S. Steel”) and Nippon Ste el Corporation (“NSC”). In connection with the proposed transaction, U.
Slide 16: Participants in the Solicitation
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 16 Participants in the Solicitation NSC, U. S. Steel and their directors, and certain of their executive officers and employees may be deemed to be participants in the solicitation of proxies from U. S. Steel’s stockholders in respect of the propo
Slide 17: Forward-Looking Statements
© 2024 NIPPON STEEL CORPORATION All Rights Reserved. 17 Forward - Looking Statements This presentation contains information regarding U. S. Steel and NSC that may constitute “forward - looking statements,” as that t erm is defined under the Private Securities Litigation Reform Act of 1995 and other
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