1 Ryerson Quarterly Release Presentation Q3 2022 2 2 Important Information About Ryerson Holding Corporation These materials do not constitute an offer or solicitation to purchase or sell securities of Ryerson Holding Corporation ("Ryerson" or "the Company") or its subsidiaries and no investment decision should be made based upon the information provided herein. Ryerson strongly urges you to review its filings with the Securities and Exchange Commission, which can be found at https://ir.ryerson.com/financia ...

Ryerson Holding Corporation (NYSE:RYI) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Jorge Beristain - Vice President-Finance Edward Lehner - President and Chief Executive Officer Michael Burbach - Chief Operating Officer James Claussen - Executive Vice President and Chief Financial Officer Molly Kannan - Controller and Chief Accounting Officer John Orth - Executive Vice President-Operations Michael Hamilton - Vice President-Corporate Supply Chain Conference Call Participa ...

Part I. Financial Information [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The company reported significant year-over-year growth in revenue and net income for the three and six months ended June 30, 2022, driven by higher average selling prices [Condensed Consolidated Statements of Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) For the six months ended June 30, 2022, Ryerson's net sales grew 36.1% to $3.49 billion, and net income attributable to the company increased by 160.5% to $360.0 million compared to the same period in 2021 Financial Performance Summary (Six Months Ended June 30) | Financial Metric | 2022 (in millions) | 2021 (in millions) | YoY Change | | :--- | :--- | :--- | :--- | | Net Sales | $3,492.3 | $2,566.3 | +36.1% | | Gross Profit | $876.0 | $454.9 | +92.6% | | Operating Profit | $521.6 | $212.5 | +145.5% | | Net Income Attributable to Ryerson | $360.0 | $138.2 | +160.5% | | Diluted EPS | $9.26 | $3.57 | +159.4% | [Condensed Consolidated Statements of Cash Flows](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2022, net cash provided by operating activities was $168.0 million, a significant turnaround from the $51.1 million used in the same period of 2021, primarily due to higher net income Cash Flow Summary (Six Months Ended June 30) | Cash Flow Activity | 2022 (in millions) | 2021 (in millions) | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $168.0 | $(51.1) | | Net cash provided by (used in) investing activities | $(43.4) | $152.1 | | Net cash used in financing activities | $(136.1) | $(124.0) | | Net change in cash | $(9.8) | $(23.3) | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2022, total assets increased to $2.68 billion from $2.37 billion at year-end 2021, driven by higher receivables and inventories Balance Sheet Summary | Balance Sheet Item | June 30, 2022 (in millions) | Dec 31, 2021 (in millions) | | :--- | :--- | :--- | | Total Current Assets | $1,898.2 | $1,593.0 | | Total Assets | $2,682.9 | $2,365.6 | | Long-Term Debt | $514.3 | $610.5 | | Total Liabilities | $1,832.4 | $1,821.0 | | Total Equity | $850.5 | $544.6 | [Notes to Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Key notes highlight a change in the LIFO inventory valuation method, several small acquisitions, and significant debt management activities, including an increase in the Ryerson Credit Facility to $1.3 billion and the repurchase of $250.0 million of its 2028 Senior Secured Notes - The company changed its interim LIFO inventory calculation method to project year-end levels and allocate them pro-rata, resulting in LIFO income of **$71.6 million** for H1 2022 versus a LIFO expense of **$188.6 million** in H1 2021[24](index=24&type=chunk)[25](index=25&type=chunk) - In H1 2022, the company acquired Apogee Steel Fabrication, Ford Tool Steels, Inc., and a 30% interest in FreeFORM Manufacturing, LLC to expand its value-added processing and additive manufacturing capabilities[32](index=32&type=chunk)[33](index=33&type=chunk)[35](index=35&type=chunk) - The company repurchased and retired **$250.0 million** of its 8.50% Senior Secured Notes due 2028 during the first six months of 2022, leaving **$50.0 million** outstanding as of June 30, 2022[48](index=48&type=chunk) - Following a secondary offering by Platinum Equity and a concurrent **$47.7 million** share repurchase by Ryerson, Platinum's ownership decreased from 54% to 43%, and Ryerson is no longer a 'controlled company'[19](index=19&type=chunk)[80](index=80&type=chunk) - Subsequent to the quarter end, the company redeemed the remaining **$50.0 million** of its 2028 Notes, authorized a new **$75.0 million** share repurchase program, and declared a quarterly dividend of **$0.15 per share**[98](index=98&type=chunk)[99](index=99&type=chunk)[100](index=100&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the strong performance in the first half of 2022 to a robust pricing environment, with average selling prices up 42.6% year-over-year, which more than offset a 4.5% decline in tons shipped [Industry and Operating Trends](index=22&type=section&id=Industry%20and%20Operating%20Trends) The metals service center industry experienced strong pricing in the first half of 2022, with Ryerson's average selling prices increasing 42.6% over H1 2021 - The company experienced stronger pricing in H1 2022 compared to H1 2021, with average selling prices **42.6% higher** due to strong commodity prices, global demand outpacing supply, and trade disruptions[106](index=106&type=chunk) - Key industry indicators like the ISM Purchasing Managers' Index (PMI) showed slowing growth with sequential declines in April, May, and June 2022[107](index=107&type=chunk) [Results of Operations](index=25&type=section&id=Results%20of%20Operations) For Q2 2022, net sales increased 22.9% to $1.74 billion, and for H1 2022, they rose 36.1% to $3.49 billion, driven by higher average selling prices per ton which increased 31.1% and 42.6% respectively Key Operating Metrics (YoY Comparison) | Metric | Q2 2022 vs Q2 2021 | H1 2022 vs H1 2021 | | :--- | :--- | :--- | | Net Sales Change | +22.9% | +36.1% | | Tons Sold Change | -6.3% | -4.5% | | Avg. Selling Price/Ton Change | +31.1% | +42.6% | - Gross profit for H1 2022 increased **92.6%** to **$876.0 million**, with gross margin expanding to **25.1%** from **17.7%** in H1 2021[130](index=130&type=chunk) - Other expenses in H1 2022 included a **$19.8 million** loss on the repurchase of 2028 Notes[135](index=135&type=chunk) [Liquidity and Cash Flows](index=29&type=section&id=Liquidity%20and%20Cash%20Flows) The company's liquidity position strengthened, with total liquidity (cash plus credit facility availability) increasing to $894 million at June 30, 2022, from $741 million at year-end 2021 Liquidity and Debt Position | Metric (in millions) | June 30, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | Cash and cash equivalents | $41.4 | $51.2 | | Total Liquidity | $894 | $741 | | Total Debt | $533.5 | $639.3 | | Net Debt | $492.1 | $588.1 | - Working capital needs are counter-cyclical[143](index=143&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=32&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to market risks from interest rates, foreign currency exchange rates, and commodity prices - The company's primary market risks are changes in interest rates, foreign currency exchange rates, and commodity prices[157](index=157&type=chunk) - A hypothetical **1%** increase in interest rates on variable-rate debt would have increased interest expense for the first six months of 2022 by approximately **$1.8 million**[161](index=161&type=chunk) - As of June 30, 2022, the company held various commodity swap contracts, including **123,158 tons** of hot roll coil and **9,354 tons** of aluminum, to manage price volatility[166](index=166&type=chunk) [Controls and Procedures](index=33&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures and concluded they were effective as of June 30, 2022 - Based on an evaluation as of the end of the period, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective[169](index=169&type=chunk) - No changes in internal controls over financial reporting occurred during the quarter ended June 30, 2022, that have materially affected, or are reasonably likely to materially affect, the company's controls[170](index=170&type=chunk) Part II. Other Information [Legal Proceedings](index=34&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various claims and legal actions - The company is named as a potentially responsible party for the Portland Harbor Superfund Site, but the ultimate liability and potential loss cannot be estimated at this time[56](index=56&type=chunk)[62](index=62&type=chunk)[172](index=172&type=chunk) [Risk Factors](index=34&type=section&id=Item%201A.%20Risk%20Factors) The company highlights a specific risk factor concerning the historical and recent volatility of its stock price - A risk factor was added to address the recent volatility of the company's stock price, cautioning that investors could incur substantial losses[173](index=173&type=chunk)[174](index=174&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=35&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the second quarter of 2022, the company repurchased 1,613,022 shares of its common stock in a privately negotiated transaction with affiliates of Platinum Equity, LLC at an average price of $29.56 per share Issuer Purchases of Equity Securities (Q2 2022) | Period | Total Shares Purchased | Avg. Price Paid per Share | | :--- | :--- | :--- | | May 1 - May 31, 2022 | 1,613,022 | $29.56 | | **Total Q2** | **1,613,022** | **$29.56** | - The company's **$50 million** share repurchase program authorized in August 2021 was exhausted during the second quarter of 2022[177](index=177&type=chunk) [Exhibits](index=36&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications by the CEO and CFO as required by the Sarbanes-Oxley Act of 2002 and Inline XBRL documents - The report includes standard exhibits such as CEO/CFO certifications under Sarbanes-Oxley Sections 302 and 906, and financial data in Inline XBRL format[179](index=179&type=chunk)

Financial Data and Key Metrics Changes - Ryerson achieved its highest ever diluted earnings per share of $4.17 and adjusted diluted earnings of $4.27 per share in Q1 2022, compared to $2.71 and $2.68 per share in Q4 2021 respectively [7][38] - Revenue for Q1 2022 was $1.75 billion, exceeding the high end of guidance, with average selling prices up 2.3% and volume up 11.4% compared to Q4 2021 [34] - Net income attributable to Ryerson was $163.6 million in Q1 2022, an increase from $106.4 million in Q4 2021 [38] - The company's net debt fell to $507 million, the lowest level since its IPO in 2014, and the leverage ratio improved to 0.5x from 0.7x [8][27] Business Line Data and Key Metrics Changes - Approximately 50% of revenues were generated from bright metals, including stainless steels and aluminum, which supported sequential gross margin improvement [13] - Stainless steel products accounted for nearly $0.5 billion or 28% of overall revenue, with a 2.9% sequential increase in average selling prices [17] - The transactional aluminum reference price rose 19% in Q1 2022, while Ryerson's realized average selling price for aluminum products gained 8% sequentially [18] Market Data and Key Metrics Changes - North American industry shipments rose 9.3% quarter-over-quarter, while Ryerson's North American volumes gained 14.8%, indicating market share growth [18] - The company noted strong demand recovery in sectors such as commercial ground transportation and construction equipment, with volume growth of 20% and 19% respectively [20] Company Strategy and Development Direction - Ryerson's strategy focuses on strengthening its balance sheet while investing in modernizing and digitizing its service center network [11] - The company is well-positioned for future growth due to its exposure to North American manufacturing and planned national infrastructure spending [10] - Ryerson raised its quarterly dividend by 25% to $0.125 per share, reflecting confidence in its financial health [9][30] Management's Comments on Operating Environment and Future Outlook - Management highlighted the ongoing challenges from supply chain disruptions and geopolitical unrest but maintained an optimistic outlook for 2022 [21] - The company anticipates a recovering volume outlook into the second half of 2022, supported by improving industrial activity [21] - Management emphasized the importance of creating great experiences for customers and stakeholders amidst current global challenges [41] Other Important Information - Ryerson generated $82.5 million of operating cash in Q1 2022 and ended the period with $551 million of total debt [26] - Capital expenditures were $18.8 million in Q1 2022, with a reaffirmed anticipated capital expenditure of up to $100 million for the year [29] - The company returned approximately $4.3 million to shareholders through dividends and share buybacks during the quarter [31] Q&A Session Summary Question: Were there any questions from participants? - There were no questions during the Q&A session [45]

1 Ryerson Quarterly Release Presentation Q1 2022 2 2 Important Information About Ryerson Holding Corporation These materials do not constitute an offer or solicitation to purchase or sell securities of Ryerson Holding Corporation ("Ryerson" or "the Company") or its subsidiaries and no investment decision should be made based upon the information provided herein. Ryerson strongly urges you to review its filings with the Securities and Exchange Commission, which can be found at https://ir.ryerson.com/financia ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 001-34735 RYERSON HOLDING CORPORATION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 (State or other jurisdiction of incorporation or ...

Ryerson Quarterly Release Presentation Q4 2021 1 2 Important Information About Ryerson Holding Corporation These materials do not constitute an offer or solicitation to purchase or sell securities of Ryerson Holding Corporation ("Ryerson" or "the Company") or its subsidiaries and no investment decision should be made based upon the information provided herein. Ryerson strongly urges you to review its filings with the Securities and Exchange Commission, which can be found at https://ir.ryerson.com/financials ...

Ryerson Holding Corporation (NYSE:RYI) Q4 2021 Earnings Conference Call February 24, 2022 10:00 AM ET Company Participants Jorge Beristain – Vice President-Finance Eddie Lehner – President and Chief Executive Officer Mike Burbach – Chief Operating Officer Jim Claussen – Executive Vice President and Chief Financial Officer Molly Kannan – Controller and Chief Accounting Officer John Orth - Executive Vice President-Operations Conference Call Participants Phil Gibbs – KeyBanc Capital Markets Alan Weber – Robott ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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 No. 001-34735 RYERSON HOLDING CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 26-1251524 (State or other jurisdictio ...

Ryerson Holding Corporation (NYSE:RYI) Q3 2021 Earnings Conference Call November 4, 2021 10:00 AM ET Company Participants Justine Carlson - Investor Relations Eddie Lehner - President and CEO Mike Burbach - Chief Operating Officer Jim Claussen - Executive Vice President and CFO Molly Kannan - Controller and CAO John Orth - Executive Vice President, Operations Conference Call Participants Michael Musser - KeyBank Capital Markets Alan Weber - Robotti Advisors Matthew Fields - Bank of America Sathish Kasinatha ...