Commercial Metals Company Results Presentation Deck slide image

Commercial Metals Company Results Presentation Deck

Leverage Profile Net Debt¹,2 / EBITDA³ 4.5x 4.0x 3.5x 3.0x 2.5x 2.0x 1.5x 1.0x 0.5x NM 13.9x Q2 2019 CMC 3.2x Q3 2019 2.5x Q4 2019 01 2020 1.6x Q2 2020 1.2x Q3 2020 0.9x Q4 2020 1.1x 1.2x Q1 2021 Source: Public filings, Internal data Notes: 1.0x Q2 2021 Q3 2021 0.8x 0.7x Q4 2021 Q1 2022 0.5x 0.7x Q2 2022 Q3 2022 0.5x 0.4x 0.5x 0.5x Q4 2022 Q1 2023 Q2 2023 Q3 2023 Net Debt-to-Capitalization4 1. Total debt is defined as long-term debt plus current maturities of long-term debt and short-term borrowings. 2. Net Debt is defined as total debt less cash & cash equivalents. 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% T 46% Q2 2019 42% Q3 2019 37% Q4 2019 33% 32% Q1 2020 Q2 2020 3. EBITDA depicted is adjusted EBITDA from continuing operations on a trailing 12-month basis. 4. Net debt-to-capitalization is defined as net debt on CMC's balance sheet divided by the sum of total debt and stockholders' equity. For a reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures, see the appendix to this document. 24% Q3 2020 21% 18% 2 04 2020 Q1 2021 22% Q2 2021 20% Q3 2021 Financial strength gives us the flexibility to fund our announced projects, pursue opportunistic M&A, and distribute cash to shareholders 17% Q4 2021 18% Q1 2022 14% Q2 2022 24% Q3 2022 17% Q4 2022 15% 15% 13% Q1 2023 Q2 2023 Q3 FY23 Supplemental Slides June 22, 2023 Q3 2023 18
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