Commercial Metals Company Results Presentation Deck slide image

Commercial Metals Company Results Presentation Deck

Q3 Europe Performance Summary Units in 000's except per ton amounts Adjusted EBITDA Adjusted EBITDA per Ton of Finished Steel Shipped External Finished Steel Tons Shipped [¹] Adjusted EBITDA Margin Key Performance Drivers Q3 2023 vs Q3 2022 ● ● ● Q3 '22 476 CMC Q4 '22 25.0% Margins over scrap declined from the prior year period Down $111 per ton y/y 428 Q1 '23 $254 $150 $136 473 15.5% $120,974 $64,096 $64,505 $12,949 $9,618 15.9% Energy costs increased compared to the prior year period by roughly $60 per ton Improved by $16 per ton from the prior quarter Shipment volumes declined modestly from the prior year period Q2 '23 436 $30 3.6% Q3 '23 Notes: [1] External Finished Steel Tons Shipped equal to shipments of Steel Products [2] Steel Products Margin Over Scrap equals Average Selling Price minus Cost of ferrous scrap utilized 429 $22 2.7% Europe - Key Margins $ / ton Steel Product Margin Over Scrap 500 NA ASP minus Europe ASP 450 400 350 300 250 200 150 100 250 200 150 100 50 437 0 254 Q3 '22 Q4 '18 Q1 '19 Q4 '22 Adjusted EBITDA per Ton 453 Average Steel Product Selling Price Differential to North America $ / ton Q2 '19 150 Q3 '19 Q4'19 NA Steel Product ASP Variance to Europe ASP FY 2019 to FY 2022 Average Q1 '20 Q2 '20 426 Q3 '20 136 Q4 '20 Q1 '23 Q1 '21 Q2 '21 367 Q3 '21 30 Q2 '23 Q3 '23 Steel Products Margin Over Scrap [2] Q4 '21 Q1 '22 Q2 '22 326 Q3 '22 22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 300 250 200 150 100 50 0 Q3 FY23 Supplemental Slides June 22, 2023 Adjusted EBITDA per ton 14
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