Algoma Steel Group Inc. · NASDAQ:ASTL
Algoma Steel — Q1 2025 Earnings Presentation
21 slides from Algoma Steel's earnings presentation, 2025
Slide 1: Earnings Call Presentation
Earnings Call Presentation For the Quarter Ended March 31, 2025
Slide 2: Disclaimer
Disclaimer CAUTIONARY STATEMENT REGARDING profile at www.sedarplus.ca) and with the U.S. Securities and Exchange reporting period. Exchange differences arising are recognized in other FORWARD-LOOKING STATEMENTS Commission (the “SECˮ), as part of Algomaʼs Annual Report on Form comprehensive (loss) in
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)1,2 Compromise Health & Safety Performance Ongoing commitment to superior Health & Safety 1.0 performance has led to sustained improvement of safety metrics over time. Health & safety remains our highest priorit
Slide 5: Key Performance Highlights Q1 2025
Key Performance Q1 2025 Highlights Highlights Q1 2025 – Ended March 31st, 2025 470 kNT $463M Shipments Steel Revenue Shipping Volume was 470K NT in Q1 2025, down 14% from 549K NT in Q4 2024 and up 4% from 451K NT in Q1 2024. -$47M -9.0% Adjusted EBIDTA Adjusted EBIDTA Margin Steel Revenue was $463 m
Slide 6: First Quarter Financial Highlights
First Quarter Financial Highlights Q1 2025 Q1 2024 Change Q4 2024 Change Shipping volume (‘000s tons) 470 451 ↑ 4% 549 ↓ -14% Net Sales Realization per ton ($/ton) 986 1,260 ↓ -22% 976 ↑ 1% Steel Revenue ($ million) 463 568 ↓ -18% 536 ↓ -14% Cost of Steel Products Sold 1,137 1,091 ↑ 4% 1032 ↑ 10% ($
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 $43 $57 $616 $823 $887 $866 $912 $879 $486 $723 $759 $808 $800 $793 $480 $638 $694 $470 $415 $409 $435 $389 $313 $311 $292 $259 $27
Slide 8: Electric Arc Furnace Construction Update: Rendering Becoming Reality
Electric Arc Furnace Construction Update: Rendering Becoming Reality Photo taken April 23, 2025 8
Slide 9: EAF Construction Update
EAF Construction Update April 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: Project Statistics
Project Statistics1 Project Estimates Project Financials 26,000 15,000 100% Cubic Metres Tonnes of Shell Reline of Concrete Structural Steel Foundations $880M $824M 100% 100% 100% Dust Hood EAF Substation Meltshop Roofing 100% 100% Utility Room #2 #2 EAF Dog House Electrical - Transformers Fully Comm
Slide 11: Market Update
Market Update Historical Hot Rolled Coil (HRC) and As Rolled Plate Prices (ARP) (US$/ton) Macro Economic Drivers $1,800 Trade Policy and Tariffs $1,600 Global Supply Chain Disruptions $1,400 Economic Indicators – Canada $1,200 Automotive Industry Dynamics Inflation $1,000 $/NT Central Bank Policy $8
Slide 12: Committed to our Path Forward
Committed to our Path Forward We are positioning Algoma for a new era in steel, well-capitalized to make critical investments that enhance long-term performance and create value for our shareholders. STRATEGIC DIRECTION OPERATIONAL & CAPITAL LADLE MET EAF APPROVAL PMM PHASE 1 LSP POWER PLANT PMM PHA
Slide 13: Appendices
Appendices 13
Slide 14: De-Risked Transition and Ramp-Up Plan
Direct Strip Production Complex BOF Slab Caster De-Risked Transition LMF #1 LMF#2 and Ramp-Up Plan Plate and Strip Hot Mill Integrated Steel Making - Today EAF Steel Flow Operating primary facilities including Coke Making, Blast Furnace #7, Basic Oxygen Furnace while construction is completed Unimpe
Slide 15: Social Updates
Social Updates For more updates follow our social channels: 15
Slide 16: Annex: Steel Revenue and Cost of Sales
Annex: Steel Revenue and Cost of Sales Three Three months months ended March ended March change 31, 2025 31, 2024 tons Steel Shipments 4.2% 469,731 450,966 millions of dollars Revenue 16.7% C$ 517.1 C$ 620.6 Less: Freight included in revenue (51.1) (47.6) Non-steel revenue (2.8) (4.9) Steel reve
Slide 17: Annex: Adjusted EBITDA Reconciliation
Annex: Adjusted EBITDA Reconciliation Three months Three months ended March 31, ended March 31, millions of dollars 2025 2024 Net (loss) income C$ (24.5) C$ 28.0 Depreciation of property, plant and equipment and amortization of intangible assets 35.0 34.8 Finance costs 17.8 9.7 Interest on pension a
Slide 18: Annex: Selected Quarterly Information
Annex: Selected Quarterly Information Fiscal year ended (millions of dollars, except where December 31, otherwise noted) 2025 ("2025") Nine months ended December 31, 2024 Fiscal year ended March 31, 2024 ("2024") As at and for the three months ended1 Q1 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Financial results Total r
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: Glossary (continued)
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