Algoma Steel Group Inc. · NASDAQ:ASTL
Algoma Steel — Q3 2024 Earnings Presentation
23 slides from Algoma Steel's earnings presentation, March 2025
Slide 1: Earnings Call Presentation
Earnings Call Presentation For the 3 and 9 months ended December 31st, 2024
Slide 2: Disclaimer
Disclaimer CAUTIONARY STATEMENT REGARDING profile at www.sedarplus.ca) and with the U.S. Securities and Exchange expense items are translated at average exchange rates for the FORWARD-LOOKING STATEMENTS Commission (the “SECˮ), as part of Algomaʼs Annual Report on Form reporting period. Exchange diff
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
Key Performance CY20241 Highlights Highlights Q4 2024 - Ended December 31st, 2024 2,023 kNT $2,240M Shipments Steel Revenue Shipping Volume was 549K NT in Q4 2024, up 5% from 520K NT in Q3 2024 and up 6% from 516K NT in Q4 2023. $22M 0.9% Adjusted EBIDTA Adjusted EBIDTA Margin Steel Revenue was $536
Slide 6: Fourth Quarter Financial Highlights
Fourth Quarter Financial Highlights Q4 2024 1 Q4 2023 Change Q3 2024 1 Change Shipping volume (‘000s tons) 549 516 ↑ 6% 520 ↑ 5% Net Sales Realization per ton ($/ton) 976 1,079 ↓ -10% 1,036 ↓ -6% Steel Revenue ($ million) 536 557 ↓ -4% 539 ↓ -1% Cost of Steel Products Sold 1,032 1,027 ↑ 0% 1032 - 0%
Slide 7: Full Year Financial Highlights
Full Year Financial Highlights1 CY2024 CY2023 Change Shipping Volume (‘000s tons) 2,023 2,206 -8% Net Sales Realization per ton 1,107 1,172 -6% ($/ton) Steel Revenue ($ million) 2,240 2,586 -13% Cost of Steel Products Sold 1,054 982 7% ($/NT) Adjusted EBITDA2 ($ million) 22 319 -93% Net Income ($ mi
Slide 8: 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 $43 $616M $823M $887M $866M $912M $879M $486M $723M $759M $808M $800M $793M $480M $638M $470M $415M $409M $435M $389M $313M $311M $292M
Slide 9: Electric Arc Furnace Construction Update: Rendering Becoming Reality
Electric Arc Furnace Construction Update: Rendering Becoming Reality Photo taken February 14, 2025 9
Slide 10: EAF Construction Update
EAF Construction Update February 2025 EAF #2 tilt table installed EAF No.2 transported into EAF building Duct system complete EAF #2 ready for assembly and installation 10
Slide 11: 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 $740M 100% 100% 100% Dust Hood EAF Substation Meltshop Roofing 100% 100% Utility Room #2 #2 EAF Dog House Electrical - Transformers Fully Comm
Slide 12: Significantly De-Risked EAF Execution
Significantly De-Risked EAF Execution 1. Balance Sheet Strength 2. Construction On Track 3. Secure Supply of Metallics 4. Secure Supply of Energy 12
Slide 13: De-Risked Transition and Ramp-Up Plan
Direct Strip Production Complex BOF Slab Caster De-Risked Transition LMF #1 LMF#2 and Ramp-Up Plan Plate and Strip Hot Mill Integrated Steel Making - Today EAF Steel Flow Operating primary facilities including Coke Making, Blast Furnace #7, Basic Oxygen Furnace while construction is completed Unimpe
Slide 14: Market Update
Market Update Historical Hot Rolled Coil (HRC) and As Rolled Plate Prices (ARP) (US$/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 $800 Key Market Driver
Slide 15: Committed to our Path Forward
Committed to our Path Forward We are positioning Algoma for a new era in steel, well-capitalized to make critical investments that enhance long-term performance and create value for our shareholders. STRATEGIC DIRECTION OPERATIONAL & CAPITAL LADLE MET EAF APPROVAL PMM PHASE 1 LSP POWER PLANT EAF PRO
Slide 16: Appendices
Appendices 16
Slide 17: Social Updates
Social Updates For more updates follow our social channels: 17
Slide 18: Annex: Steel Revenue and Cost of Sales
Annex: Steel Revenue and Cost of Sales Nine months ended Three months ended December Year ended December 31, 31, March 31, 2024 2023 2024 2024 tons Steel Shipments 6.3% 548,802 516,068 24.6% 1,572,397 2,085,465 millions of dollars Revenue 4.1% C$ 590.3 C$ 615.4 34.1% C$ 1,841.1 C$ 2,795.8 Le
Slide 19: Annex: Adjusted EBITDA Reconciliation
Annex: Adjusted EBITDA Reconciliation Nine months Three months ended ended Year ended December 31, December 31, March 31, millions of dollars 2024 2023 2024 2024 Net (loss) income C$ (66.5) C$ (84.8) C$ (167.0) C$ 105.2 Depreciation of property, plant and equipment and amortization of intangible ass
Slide 20: Annex: Selected Quarterly Information
Annex: Selected Quarterly Information 20 Source: Company Management's Discussion and Analysis for the three and nine month period ended Dec 31, 2024
Slide 21: 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 22: 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 23: Building Better Lives and a Greener Future.
Building Better Lives and a Greener Future. WWW.ALGOMA.COM