Commercial Metals Company Investor Presentation Deck
Powerful Long-Term Structural Trends
Successive crises of pandemic, supply chain failures, and geopolitical shocks, as well as government support for the transition to green
energy, have launched significant structural adjustments.
INFRASTRUCTURE INVESTMENT
2021 Infrastructure Investment and Jobs Act
(IIJA) significantly increases federal support
for infrastructure investment
- Estimated to increase annual rebar demand
by 1.5 million tons at full run-rate
Dodge Analytics
Infrastructure Design-
Phase Index¹
+650%
Y/Y (trailing 3-mo)
FY 2024 State DOT
Highway Budgets²
+13%
vs. prior year
$550 billion from IIJA
RESHORING AND SUPPLY CHAIN
REALIGNMENT
Overseas supply chain failures and direct
government support have stimulated a massive
amount of investment across multiple industries
Automakers are investing for a long-term
transition to electric vehicles
Semiconductor &
Supporting Investments³
69 projects
$315 billion
$52 billion CHIPS
Act
Electric Vehicle and
Battery Plants4
$12 billion DOE loans
Funding from IRA
Government Support for Investment
124 projects
>$150 billion
[1] For period ended August 2023
[2] Data from American Road and Transportation Builders' Associations
[3] Data from Semiconductor Industry Association
[4] Data from Environmental Defense Fund
[5] Data from American Clean Power Association
●
ENERGY TRANSITION
Direct government support is stimulating
significant investments in clean energy
generation, as well as manufacturing facilities
to produce utility scale batteries, wind turbines,
and solar panels
Clean Energy Generation
Investments5
~$150 billion
announced in 12 months
to August 2023
Manufacturing Facilities
for Clean Energy5
~$22 billion
announced in 12 months
to August 2023
$250 billion Inflation Reduction Act
The trends highlighted above have the potential to support rebar demand for years to come. Investments are being driven by necessity and the availability of
government funding, making them less interest rate sensitive than traditional non-residential markets such as office, retail, and lodging.
CMC: Investor Overview 8View entire presentation