Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended May 31, 2023 or (Registrant's telephone number, including area code) SCHNITZER STEEL INDUSTRIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) ☐ TRANSITION REPORT PURSUANT TO SE ...

Schnitzer Steel Industries, Inc. (SCHN) Q3 2023 Earnings Conference Call June 27, 2023 11:30 AM ET Company Participants Michael Bennett - IR Tamara Lundgren - Chairman and CEO Stefano Gaggini - CFO Conference Call Participants Phil Gibbs - KeyBanc Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Schnitzer Steel's Third Quarter 2023 Earnings Release Conference Call and Webcast. [Operator Instructions] Please note that today's conference may be recorded. I will now hand the c ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended February 28, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from __________ to __________ Commission File Number 000-22496 SCHNITZER STEEL INDUSTRIES, INC. (Exact name of registrant as specified in its charter) (S ...

Schnitzer Steel Industries, Inc. (SCHN) Q2 2023 Earnings Conference Call April 5, 2023 11:30 AM ET Company Participants Michael Bennett - Investor Relations Tamara Lundgren - Chairman and Chief Executive Officer Stefano Gaggini - Chief Financial Officer Conference Call Participants Emily Chieng - Goldman Sachs Operator Good day and thank you for standing by and welcome to Q2 Fiscal 2023 Earnings Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to ha ...

Rebar & Wire Rod Market Price Trends ($/ST) 2Q23 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 7023 Mar-23 ·Domestic rebar* >Domestic wire rod* Import rebar Nonferrous Market Price Trends ($/LB) $1.75 $5.00 2Q23 $4.50 $1.50 $4.00 Aluminum/Zorba 18 18 $3.50 s 3.00 $3.00 $2.50 $0.50 $2.00 $0.25 $1.50 wiat 23 702 023 7023 2022 pol poli Alumimun (LME 3M Official) Copper (LME 3 Mo Official) -Zorba(2) Rebar to Ferrous Scrap Spread** ($/ST) $800 $1,000 2023 $700 $800 $600 $500 Scrap Prices $600 Scrap $400 bar to $400 ...

Financial Data and Key Metrics Changes - The company reported an adjusted EPS loss of $0.44 per share and positive adjusted EBITDA of $8 million for Q1 2023, impacted by operational disruptions [20][29] - Average net ferrous selling prices decreased by 12% sequentially and 24% year-over-year, while ferrous sales volumes dropped by 33% sequentially and 26% year-over-year [55] - Non-ferrous sales volumes declined by 12% sequentially but were up 6% year-over-year, with major export destinations being Malaysia, China, and India [33][56] Business Line Data and Key Metrics Changes - Finished steel sales volumes were down 6% sequentially, with average selling prices decreasing by 9% sequentially but remaining 4% higher year-over-year [60] - The steel mill remained a significant contributor despite a decline in net selling prices and volumes of finished steel [30] - Non-ferrous product mix included zorba (29%), aluminum (27%), and copper (14%), with an increasing share of twitch due to advanced technology investments [57] Market Data and Key Metrics Changes - Demand and prices for both ferrous and nonferrous metals weakened throughout the quarter, influenced by slower growth and inflationary pressures [21] - Ferrous export prices strengthened post-quarter, with reported December prices around $400 per ton [13] - The domestic market saw improved ferrous prices in December, reversing seven consecutive monthly declines [13] Company Strategy and Development Direction - The company is focused on four strategic priorities: technology investments, volume growth, expansion of products and services, and productivity initiatives [26] - The acquisition of ScrapSource is intended to grow and expand the recycling services portfolio, responding to sustainability trends [50][67] - The company aims to achieve a full run rate of benefits from productivity initiatives by the second quarter of fiscal 2023 [51] Management's Comments on Operating Environment and Future Outlook - Management noted that operational disruptions have been resolved, and they anticipate significant improvement in second-quarter results [46] - The company expects ferrous volumes to increase by approximately 35% sequentially in Q2, driven by resumed operations [39] - The structural demand for recycled metals remains positive, supported by decarbonization trends and anticipated funding related to infrastructure bills [49] Other Important Information - The company achieved 100% net carbon-free electricity use for the second consecutive year and reduced greenhouse gas emissions by 24% against the 2019 baseline [11] - Capital expenditures for fiscal 2023 are expected to be in the range of $130 million to $140 million, with $48 million spent in Q1 [61][73] - The net debt increased to $354 million, reflecting operating cash outflow and the acquisition of ScrapSource [73] Q&A Session Summary Question: What is the company's appetite for further bolt-on transactions? - The company has an active pipeline for acquisitions and has made significant acquisitions in the Southeast, which is a growth region for steelmaking and manufacturing [78] Question: How should the company think about optimal leverage or net debt to EBITDA ratio? - The company noted that net debt has increased due to working capital increases and delayed shipments, but expects this to reverse in the second quarter [68][80]

or Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended November 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from __________ to __________ Commission File Number 000-22496 SCHNITZER STEEL INDUSTRIES, INC. (Exact name of registrant as specified in its charter) (S ...

1 NASDAQ: SCHN Financial Results First Quarter Fiscal Year 2023 January 5, 2023 Recycling Today for a Sustainable Tomorrow Safe Harbor Statements and information included in this presentation by Schnitzer Steel Industries, Inc. that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Except as noted herein or as the conte ...

1 NASDAQ: SCHN Investor Presentation November 2022 Recycling Today for a Sustainable Tomorrow Safe Harbor Statements and information included in this presentation by Schnitzer Steel Industries, Inc. that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Except as noted herein or as the context may otherwise require, all ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended August 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ________ to ________ Commission File Number 000-22496 SCHNITZER STEEL INDUSTRIES, INC. (Exact name of registrant as specified in its charter) OREGON 93-034192 ...