Algoma Steel Group Inc. (NASDAQ:ASTL) Q1 2024 Earnings Conference Call August 11, 2023 11:00 AM ET Company Participants Mike Moraca - Treasurer and IR Officer Michael Garcia - CEO Rajat Marwah - CFO Conference Call Participants Katja Jancic - BMO Capital Markets David Ocampo - Cormark Securities Ahmad Shaath - Beacon Securities Lucas Pipes - B. Riley Operator Hello, and welcome to today's conference call to discuss Algoma Steel's Fiscal First Quarter 2024 Financial Results. My name is Doug and I'll be your ...

NASDAQ:ASTL Earnings Call Presentation TSX: ASTL For the Quarter & Fiscal Year ending March 31st, 2023 June 22nd, 2023 in Canadian dollars unless otherwise noted Disclaimer CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking information” under applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward looking statements”). Forward-looking ...

Algoma Steel Group Inc. (NASDAQ:ASTL) Q4 2023 Earnings Conference Call June 22, 2023 11:00 AM ET Company Participants Mike Moraca - Treasurer and Investor Relations Officer Michael Garcia - Chief Executive Officer Rajat Marwah - Chief Financial Officer Conference Call Participants Katja Jancic - BMO Capital Markets Ian Gillies - Stifel David Ocampo - Cormark Securities Ahmad Shaath - Beacon Securities Operator Hello, and welcome to today’s Conference Call to discuss Algoma Steel’s Fiscal Fourth Quarter and ...

Exhibit 99.1 MEDIA RELEASE June 21, 2023 Algoma Steel Group Reports Fiscal Fourth Quarter and Full Year 2023 Financial Results Fourth Quarter Results In-Line with Previously Announced Expectations Plate and Strip Operations Running at Normal Production Levels Planned Plate Capacity Increase Ahead of Schedule Further Strengthened Liquidity with Recently Upsized ABL Credit Facility Updated Outlook on Transformative EAF Project Strong Financial Outlook for Q1 Fiscal 2024 SAULT STE. MARIE, ONTARIO (June 21, 202 ...

Exhibit 99.1 Algoma Steel Provides Fiscal 2023 Fourth Quarter Guidance March 30, 2023 SAULT STE. MARIE, Ontario, March 30, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) ("Algoma" or "the Company"), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal fourth quarter ending March 31, 2023. Unless otherwise specified, all amounts are in Canadian dollars. Fiscal 2023 fourth quarter total steel shipments are expecte ...

NASDAQ:ASTL TSX: ASTL Earnings Call Presentation For the Quarter ending December 31st, 2022 February 14th, 2022 in Canadian dollars unless otherwise noted Disclaimer CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking information" under applicable Canadian securities legislation and "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, "forward looking statements"). Forward-looking stateme ...

Algoma Steel Group Inc. (NASDAQ:ASTL) Q3 2023 Earnings Conference Call February 14, 2023 11:00 AM ET Company Participants Mike Moraca - Treasurer and Investor Relations Officer Michael Garcia - Chief Executive Officer Rajat Marwah - Chief Financial Officer Conference Call Participants David Ocampo - Cormark Securities Ian Gillies - Stifel David Gagliano - BMO Capital Markets Anoop Prihar - Eight Capital Ahmad Shaath - Beacon Securities Operator Hello and welcome to today’s Conference Call to discuss Algoma ...

Exhibit 99.2 Condensed Interim Consolidated Financial Statements ALGOMA STEEL GROUP INC. (Unaudited) As at December 31, 2022 and March 31, 2022 and for the three and nine month periods ended December 31, 2022 and 2021 Algoma Steel Group Inc. Condensed Interim Consolidated Statements of Net (Loss) Income (Unaudited) Three months ended Nine months ended December 31, December 31, 2022 2021 2022 2021 expressed in millions of Canadian dollars, except for per share amounts Revenue (Note 4) $567.8 $1,064.9 $2,101. ...

Algoma Steel Group Inc. (NASDAQ:ASTL) Q2 2023 Earnings Conference Call November 8, 2022 11:00 AM ET Company Participants Michael Moraca - Treasurer and IR Officer Michael Garcia - CEO Rajat Marwah - CFO Conference Call Participants David Ocampo - Cormark Securities Anoop Prihar - Eight Capital Ian Gillies - Stifel Ahmad Shaath - Beacon Securities Alexander Jackson - RBC Operator Good day and welcome to today's conference call to discuss Algoma Steel's Fiscal Second Quarter 2023 Financial Results. My name is ...

Financial Performance - Revenue for the three months ended September 30, 2022, was $599.2 million, a decrease of 40.7% compared to $1,010.2 million for the same period in 2021[3] - Net income for the three months ended September 30, 2022, was $87.2 million, down 69.8% from $288.2 million in the prior year[5] - Operating income for the six months ended September 30, 2022, was $334.5 million, a decline of 48.9% compared to $654.3 million for the same period in 2021[3] - The company reported a total comprehensive income of $168.0 million for the three months ended September 30, 2022, compared to $380.2 million for the same period in 2021[5] - Basic net income per common share for the three months ended September 30, 2022, was $0.72, a decrease from $4.02 in the same period of 2021[3] Assets and Liabilities - Total assets as of September 30, 2022, increased to $2,716.0 million from $2,693.6 million as of March 31, 2022[7] - Total liabilities increased to $1,180.9 million as of September 30, 2022, compared to $1,111.0 million as of March 31, 2022[7] - Total shareholders' equity as of September 30, 2022, was $1,582.6 million, compared to $1,535.0 million at March 31, 2022[9] Cash Flow and Investments - Cash and cash equivalents decreased to $464.9 million as of September 30, 2022, down from $915.3 million as of March 31, 2022[7] - Cash used in operating activities for the three months ended September 30, 2022, was $(66.1) million, down from $380.1 million in the same period last year[12] - Cash used in investing activities for the three months ended September 30, 2022, was $(85.2) million, compared to $(25.1) million in the same period last year[12] - Cash used in financing activities for the three months ended September 30, 2022, was $(554.3) million, an increase from $(14.3) million in the same period last year[12] - The ending cash balance as of September 30, 2022, was $464.9 million, compared to $366.6 million at the end of the previous year[12] Shareholder Activities - The company repurchased and cancelled common shares totaling $(543.0) million during the three months ended September 30, 2022[12] - The balance of common shares outstanding as of September 30, 2022, was 103,854,574, with a stated capital value of $961.0 million[84] - The company completed a substantial issuer bid on July 27, 2022, purchasing 41,025,641 common shares at US$9.75 per share for an aggregate amount of US$400 million, representing approximately 28.0% of the issued and outstanding common shares at that time[88] - As of September 30, 2022, the company purchased and cancelled 3,077,572 common shares at a weighted average price of $9.25 (US$7.30) per share, totaling approximately $34.7 million (US$26.8 million)[86] Pension and Tax Expenses - The company reported a pension expense in excess of funding of $49.1 million for the three months ended September 30, 2022[12] - The current tax expense for the six months ended September 30, 2022, was $105.9 million, compared to $25.7 million for the same period in 2021[77] - The defined benefit costs recognized in net income for the six months ended September 30, 2022, totaled $60.6 million, compared to $12.2 million for the same period in 2021[66] Revenue Breakdown - The geographical distribution of total revenue showed sales to customers in Canada at $210.5 million, down from $338.0 million in the same period of 2021, a decrease of 37.6%[26] - Sales to customers in the United States were $380.3 million for the three months ended September 30, 2022, compared to $652.1 million in the same period of 2021, a decline of 41.6%[26] Operational Changes - The company experienced a net change in non-cash operating working capital of $(133.3) million for the three months ended September 30, 2022[12] - The company recognized a past service cost adjustment of $44.6 million related to the defined benefit pension plan during the three months ended September 30, 2022[30] - The company recognized a past service cost adjustment related to other post-employment benefits of $3.8 million, impacting cost of steel revenue and administrative expenses[74] Market and Economic Factors - A 10% increase in the price of hot-rolled coil would result in an approximate $4.8 million decrease in profit or loss, down from $24.9 million in the previous year[114] - The company had a net loss from operations impacted by a $0.01 change in the US dollar relative to the Canadian dollar, which would have affected income by $0.4 million for the three-month period ended September 30, 2022[109] Management and Compensation - The company’s key management personnel received total remuneration of $6.5 million for the three months ended September 30, 2022, compared to $7.8 million in the same period of 2021[136] - For the three and six month periods ended September 30, 2022, the company recorded a share-based payment compensation expense of $0.9 million and $1.8 million, respectively, in administrative and selling expenses[140][142]