Worthington Industries Mergers and Acquisitions Presentation Deck
WORTHINGTON STEEL IS A BEST-IN-CLASS, VALUE-ADDED
STEEL PROCESSOR IN GROWING END-MARKETS
Financial & Operational
Snapshot
4.2M
Tons of Steel
Delivered in
FY22
Net Sales* ($M)
3,831
$1,860
4,067
>50%
of US passenger
vehicles contain
steel processed
by Worthington
Net Sales
4,171
$3,933
4,083
$4,149
FY20 FY21 FY22 08/31/22
TTM
Tons (000s)
$484M
3-year cumulative
Adj. EBITDA less
Cap Ex
FY20-FY22
% Margin
$81
Adjusted EBITDA ($M)
FY20
*Sales exclude pro-rata share of unconsolidated JV sales;
ā
$249
Key Investment Highlights
Proven management team that is focused on value creation
One-of-a-kind business with a unique capability set and leading market positions across multiple
value-added services, reliably solving complex supply chain challenges for blue chip customers
Market-leading supplier to growing end markets including electric vehicles and renewable energy
Sophisticated supply chain and pricing solutions drive market share and margin growth
Worthington Business System powers base business improvements and higher profitability
$259
$192
FY21 FY22 08/31/22
TTM
Adj. EBITDA less Capital
Expenditures ($M)
$40
$221
$153
FY20 FY21 FY22 08/31/22
TTM
End Market Sales
(8/31/22 TTM Net Sales*)
20%
18%
7%
Automotive
Agriculture
Construction
49%
Heavy Truck
Other (incl. Toll)
MAKERS OF BETTER
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