Investor Presentaiton
Transaction overview
(USS
Overview
Full ownership of Big River Steel creates North America's only
"Best of Both" steel technology company combining leading
advanced high-strength steel intellectual property with technologically
advanced and low-GHG emissions mini mill
Consideration to
Big River Steel
Operating Model
and Synergies
Financing Strategy
Timing and
Closing Requirements
Purchase price to acquire remaining equity of Big River Steel is
2
~ $774 million, funded with cash on hand
Integration to be focused on safety, enterprise risk and value
capture opportunities aligned with significant synergy
opportunities while preserving Big River Steel's unique culture
Attractive capital structure of Big River Steel will remain in place
Deal is expected to close in Q1 2021, subject to satisfaction of
customary closing conditions
~6.5x implied multiple based on run-rate EBITDA and synergies
USS United States Steel Corporation
1 Greenhouse gas.
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