Commercial Metals Company Results Presentation Deck
Key Takeaways From Today's Call
Strong financial results in the third quarter
North America segment achieved year-over-year growth in EBITDA for the
tenth consecutive quarter (excluding Q2 2022 gain on land sale)
●
✔Arizona 2 operational startup underway
Anticipated to achieve breakeven on an EBITDA basis during the first
quarter of FY 2024
●
• Increases CMC's ability to capitalize on strong multi-year market
fundamentals
✔ Current market dynamics are good in North America, Europe remains challenged
Expect fourth quarter financial performance to be strong
Positive North America long-term fundamentals supported by infrastructure
spending programs and outlook for large-scale industrial projects
✔Solid financial position
Balance sheet strength and cash flow profile continue to provide capital
allocation flexibility
CMC
$234
million
Q3 Net
Earnings
$240
million
Q3 Adjusted
Earnings (¹)
1 Core EBITDA, annualized return on invested capital, adjusted earnings, and adjusted EPS are non-GAAP financial measures. For definitions and reconciliations of non-GAAP
financial measures to the most directly comparable GAAP financial measures, see the appendix to this document
$1.98
Q3 Diluted
EPS
$2.02
Q3 Adjusted
EPS(1)
$392
million
Q3 Core
EBITDA(1)
19%
Q3 Annualized
ROIC(¹)
Q3 FY23 Supplemental Slides June 22, 2023
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