Commercial Metals Company Results Presentation Deck
Disciplined Capital Allocation Strategy
CMC will prudently allocate capital while maintaining a strong and flexible balance sheet
CMC Capital Allocation Priorities: 1 Value-Generating Growth 2 Shareholder Distributions 3 Debt Management
2023 Sources of Cash
Cash flow from earnings
Working capital release
Quarterly dividend of $0.16 per share
(increased 14% in Q4 2022)
CMC
2023 Uses of Cash
Completion of Arizona 2 greenfield project
Initial investments in CMC Steel West Virginia
Key equipment replacement and upgrade
projects at several mills
Opportunistic M&A
Share repurchases ($83 million YTD in FY 2023)
Repayment of 2023 senior notes
Shareholder Cash Distribution
Programs in Place
$350 million share repurchase
program ($105 million remaining)
Q3 FY23 Supplemental Slides June 22, 2023
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