Commercial Metals Company Investor Presentation Deck
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Looking Ahead
CMC is investing in its next stage of strategic growth while positioned to capitalize on significant emerging structural trends.
CLEAR STRATEGIC GROWTH PLAN
High-return organic projects underway that are
expected to:
Strengthen CMC's leadership position in
concrete reinforcement
Unlock significant internal synergies across
the existing operational network
- Provide value-accretive cash flows
M&A strategic priorities include concrete
reinforcement, merchant bar, and construction
solutions
Build upon leadership positions and
strengthen core operations
Tensar provides a strong launchpad that
meaningfully extends growth path beyond
steel
Major organic growth projects and recent
acquisitions expected to add significantly to
through-the-cycle earnings capability
GMC
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POWERFUL STRUCTURAL TRENDS
Successive crises of pandemic, supply chain
failures, and geopolitical shocks have launched
significant economic adjustments
Construction activity is at the heart of
economic realignment
Re-shoring and energy export projects are large
and well-funded
- Provides greater than typical visibility into
future project pipeline
Resource intensive work that favors high-
capability, sophisticated suppliers like CMC
IIJA significantly increases federal support for
infrastructure investment
- Average spend over 5-year plan up 65%
from prior federal package
Supplements already strong state DOT
budgets
Estimated to increase annual rebar demand
by 1.5 million tons at full run-rate
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RESILIENCE IS BUILT INTO OUR
BUSINESS MODEL
Downstream project backlog and fixed pricing
acts to stabilize earnings and cash flow
Counter-cyclical balance to mill operations
Working capital release
CMC has invested large amounts in working
capital since end of FY 2020
In a downturn, this amount would be
converted to cash and help stabilize CMC
cash flow
Vertically integrated operating footprint
structured and managed to optimize returns
- Highly flexible network with ability to adjust
quickly to various demand scenarios
CMC: Investor Overview
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