Worthington Industries Mergers and Acquisitions Presentation Deck slide image

Worthington Industries Mergers and Acquisitions Presentation Deck

POISED TO CAPITALIZE ON KEY TRENDS Offering / Products Key Trends Market Growth Drivers Decarbonization of Transportation Tempel Electrical Steel Laminations EV Traction Motors TWB Tailored Blanks Sources: IHS Markit, "EY Automotive Frames Worldwide transition to electric vehicles Lightweighting, via innovative processes and material combinations, remains a high priority for automotive OEMs Aggressive carbon reduction targets by automotive OEMs 80% of passenger vehicles sold globally in 2030 expected to be battery or hybrid" Energy Transition Galvanized Steel Solar panel racks Tempel Electrical Steel Laminations Transformer Cores Transition to renewable energy sources such as hydro, solar, and wind Energy grid emergency back-up power supply $25 Billion available in tax credits for manufacturers of renewable energy equipment Tempel Electrical Steel Laminations Infrastructure Transformer Cores Galvanized Steel Drainage Culvert / Renewables Aging infrastructure and electrical grid in the US Increased government spending to improve the electrical grid and expand EV charging $1 Trillion infrastructure bill signed in 2021 MAKERS OF BETTER 16
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