B. Riley Securities 25th Annual
Investor Conference
May 2025
NASDAQ: GSM
WHY FERROGLOBE
1 Attractive growth opportunity in EV & Solar
Critical for energy transition
Innovation & technical know-how
Disciplined capital management 2
Strong balance sheet, net cash positive
Attractive capital return policy
3 Leading western producer
Global presence with a local focus
Flexible production footprint
SiMe & Si-Based fully integrated 4
No substitute for our products
Competitive advantage - track record of innovation
5 Strong global customer base
Focus on operational excellence 6
Local producer supplying local customers
Critical input for hundreds of industrial
applications
Implementing Sales & Operations Planning (S&OP)
Competitive advantage in energy
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ATTRACTIVE GROWTH POTENTIAL IN EV & SOLAR
Ferroglobe well positioned to become a long-term growth company
Key Value
Drivers
Tariffs / Trade measures
Trade measures to level the playing field
Expect Ferroglobe to be a net beneficiary of potential tariffs
Encourages local supply chain development
Accelerating energy transition
Increasing penetration of EVs with significant benefits of silicon over graphite in the battery
Onshoring / nearshoring trends benefit Ferroglobe as a local producer
Expanding silicon metal capacity in North America
Applying for a brownfield permit to meet expected growth in silicon use in advance technologies
Actively developing strategic partnerships and alliances
Invested in Coreshell to advance silicon-rich EV battery technology
Expanding commercial relationships in Asia and the Middle East
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Russia | 1042% | 12-Sep-24 | 28-Oct-24 |
Brazil | 14%-73% | 28-Mar-25 | 30-Apr-25 |
Kazakhstan | 33%-281% | 28-Mar-25 | 30-Apr-25 |
Malaysia* | 17%-51%* | 28-Mar-25 | 30-Apr-25 |
FeSi Combined AD/CVD Duties by Country Finalized by Finalized by Country Final Duty(1) Commerce ITC PV Solar Cells Combined AD/CVD Duties by Country Finalized by Finalized by Country Final Duty(1 ) Commerce ITC | ||||
Cambodia | 662%-3531% | 21-Apr-25 | 2-Jun-25 | |
Malaysia | 25%-260% | 21-Apr-25 | 2-Jun-25 | |
Thailand | 385%-982% | 21-Apr-25 | 2-Jun-25 | |
Vietnam | 130%-406% | 21-Apr-25 | 2-Jun-25 | |
EU Safeguard Decision (includes all our main products) | Decision by EC | ||
Preliminary decision | Expected before end of June 2025 | ||
US Silicon Metal Case Initiation Proposed | Filed | Preliminary ITC Determination | |
US Silicon Metal | Up to 329% AD +subsidies | 24-Apr-25 | Expected by June 9, 2025 |
Trade Measures Ongoing
Trade Measures Decided
(1)these figures include the 10% basic tariff imposed by the US
*Adjusted for Commerce Department correction (estimate)
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