Slide 1: Second-Quarter 2014 Earnings Supporting Information
Second-Quarter 2014 Earnings Supporting Information July 31, 2014 Exhibit 99.2
Slide 2: Forward-looking statements and non-GAAP financial information
2 Forward-looking statements and non-GAAP financial information The information provided today will include forward-looking statements relating to our goals and estimates for future years, including statements about expected sales, operating earnings per share, cash flow, segment margins, our worldw
Slide 3: Adjusted EBIT Performance 2Q 2014 vs 2Q 2013
Adjusted EBIT Performance(1) 2Q 2014 vs 2Q 2013 Adjusted EBIT(1) Walk 2Q 2014 vs 2Q 2013 • Shipments of 289,000 up 21% or 51,000 tons • Sales of $442 million up 25% over second quarter 2013 • 76% melt utilization compared to 62% • Inventory reduced as % of sales from 24% to 21% • Inventory change $8
Slide 4: 2014 Outlook & Guidance
2014 Outlook Outlook & Guidance Source: TimkenSteel Revenue growth Capex • Full year 2014 expected capex of $165-$175 million • 2H 2014 expected capex of $100-105 million Standalone costs • Expect 2H incremental standalone costs between $20-25 million; consistent with 1H Net income • Expect 2H 2014
Slide 5: Adjusted EBIT and Adjusted EBITDA Reconciliation
Adjusted EBIT(1) and Adjusted EBITDA(1) Reconciliation (1) Please see discussion of Non-GAAP Financial Measures at end of slides Adjusted EBITDA Reconciliation: (Dollars in millions, except share data) (Unaudited) Summary Income Statement - Quarterly 2014 2013 Q2 Q1 First Half Year Q4 Q3 Second Half
Slide 6: Non-GAAP Financial Measures
(1)Non-GAAP Financial Measures 6 TimkenSteel reports its financial results in accordance with accounting principles generally accepted in the United States (“GAAP”) and corresponding metrics as non-GAAP financial measures. EBIT is defined as operating income plus other income (expense), net. EBIT is