United States Steel Corporation · NYSE:X
United States Steel — Corporate Update (January 2022)
11 slides from United States Steel's corporate update, Jan 11, 2022
Slide 1: Building the Nation's Most Technologically Advanced Steelmaking Facility in Osceola, Arkansas
Building the Nation’s Most Technologically Advanced Steelmaking Facility in Osceola, Arkansas Disclosing the selected site for our previously announced investment to build a new state-of-the-art mini mill January 11, 2022
Slide 2: Forward-looking statements
Forward-looking statements These slides are being provided to assist readers in understanding U. S. Steel’s site selection announcement to build its next-generation highly sustainable and technologically advanced steel mill in Osceola, Arkansas. This presentation contains information that may consti
Slide 3: Advancing our Best for All strategy
U P D A T E 3 3 Advancing our Best for All strategy TRANSFORMED BALANCE SHEET GROWING COMPETITIVE ADVANTAGES RETURNING CAPITAL TO STOCKHOLDERS Today’s announcement furthers our presence in sustainable steels by expanding our mini mill steelmaking competitive advantage
Slide 4: Growing competitive advantages
Advancing our Best for All strategy Growing competitive advantages LOW-COST IRON ORE MINI MILL STEEL - MAKING BEST-IN- CLASS FINISHING CAPABILITIES Research & innovation Deep customer relationships 4 4 Competitive advantages built on a strong foundation:
Slide 5: Selecting the optimal site for value creation
5 5 Selecting the optimal site for value creation Expanding our mini mill competitive advantage Improving our through-cycle financial performance Today’s announcement Furthering our presence in sustainable steels
Slide 6: Selecting the optimal site for value creation
6 6 Strong partnerships for long-term value creation Capability to leverage BRS mini mill construction / operating talent Proximity to strategic customers Robust logistics network Highest financial returns versus alternatives Favorable government incentives Leanest cost structure Strongest IRR and N
Slide 7: Expanding our mini mill competitive advantage
Expanding our mini mill competitive advantage 7 7 OPERATIONSFINANCIALS CUSTOMERS Industry-leading mini mill EBITDA margins Advanced endless casting and rolling capabilities Growing sustainable steel offering Equipping with a unique suite of steelmaking and finishing assets Adding first of its kind t
Slide 8: Improving our through-cycle financial performance
Improving our through-cycle financial performance 8 8 Big River Steel additional detail Mini Mill #2 ~3M Expected annual tons of raw steel capability ~$650M Expected run-rate EBITDA by 2026 ~$3B Expected capital spending Targeted end-markets: Automotive Appliance Construction / Infrastructure Servic
Slide 9: Mini Mill #2 At a glance
Mini Mill #2 At a glance 9 9 Facility footprint: Targeted product mix: 2 Electric arc furnaces (EAFs) two ~210-ton EAFs 30% Hot rolled 1 Endless casting & rolling ~0.03” – 0.5” thickness ~45” – 77” width 40% Cold rolled Best-in-class finishing lines ~1M ton galvanizing capability (2 lines) ~165k ton
Slide 10: Improving our through-cycle financial performance
Improving our through-cycle financial performance 10 10 Mini Mill #2 Expected annual tons of raw steel capability ~6.3M Expected through-cycle EBITDA by 2026 ~$1.3B Best-in-class finishing capabilities NGO electrical steels Construction coated products AHSS / hot-roll galvanizing Painting / slitting
Slide 11: Investor Relations
INVESTOR RELATIONS Kevin Lewis Vice President 412-433-6935 klewis@uss.com Eric Linn Director 412-433-2385 eplinn@uss.com www.ussteel.com
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