1 Ryerson Quarterly Release Presentation Q3 2021 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/s ...

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 September 30, 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 Number 001-34735 RYERSON HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...

Financial Performance - Ryerson's Q2 2021 net sales reached $1.4 billion, a 24% increase compared to Q1 2021 and an 84% increase compared to Q2 2020[18] - The gross margin, excluding LIFO, for Q2 2021 was 25.5%, a 90 bps increase compared to Q1 2021 and an 870 bps increase compared to Q2 2020[18] - Adjusted diluted earnings per share for Q2 2021 were $1.24, a $0.98 increase compared to Q1 2021 and a $1.88 increase compared to Q2 2020[18] - Adjusted EBITDA, excluding LIFO, for Q2 2021 was $197 million, a $74 million increase compared to Q1 2021 and a $177 million increase compared to Q2 2020[18] - Ryerson's net debt to adjusted EBITDA, excluding LIFO, ratio was 1.5x in Q2 2021, a decrease of 1.8x compared to Q1 2021 and a decrease of 4.5x compared to Q2 2020[18] Financial Transformation - Ryerson reduced net debt from $1.135 billion in Q3 2014 to $563 million in Q2 2021[20] - Pension benefit liability decreased from $112 million in 2014 to $69 million in 2022F[21] - Annual fixed cash commitments decreased from $181 million in 2014 to $130 million in Q2 2021[21,22] Liquidity and Capital Allocation - Ryerson's global liquidity increased from $583 million in Q1 2021 to $890 million in Q2 2021[31] - The company has a quarterly capital return to investors of $0.08 per share and the option to repurchase outstanding shares from excess liquidity[41] Future Targets - Ryerson is aiming for a 6% North American market share, a 1.5x net debt to adjusted EBITDA ratio, and a 15% value-added sales mix[43,45,47] - The company is targeting a 20% gross margin and $50 million in adjusted EBITDA, excluding LIFO[44,49]

Ryerson Holding Corporation (NYSE:RYI) Q2 2021 Earnings Conference Call August 5, 2021 10:00 AM ET Company Participants Justine Carlson - IR 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 of Operations Conference Call Participants Michael Leshock - KeyBanc Capital Markets Joel Tiss - BMO Operator Good day, ...

1 Ryerson Quarterly Release Presentation Q2 2021 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/s ...

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 June 30, 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 Number 001-34735 RYERSON HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

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Ryerson Holding Corporation (NYSE:RYI) Q1 2021 Earnings Conference Call May 6, 2021 10:00 AM ET Company Participants Justine Carlson – Investor Relations 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 Conference Call Participants Matthew Fields – Bank of America Alan Weber – Robotti Advisors Operator Good day, and welcome to the Ryerson Holdi ...

Part I [Part I. Financial Information](index=3&type=section&id=Part%20I.%20Financial%20Information) Ryerson Holding Corporation reported increased net sales and net income in Q1 2021, with total assets rising and operating cash flow turning negative [Condensed Consolidated Statements of Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) Q1 2021 net sales increased to $1.15 billion, with operating profit rising to $46.4 million and diluted EPS reaching $0.66 Financial Performance | Financial Metric | Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | | :--- | :--- | :--- | | **Net sales** | $1,147.3 million | $1,010.3 million | | **Gross profit** | $197.9 million | $195.8 million | | **Operating profit** | $46.4 million | $40.1 million | | **Net income attributable to Ryerson** | $25.3 million | $16.4 million | | **Diluted earnings per share** | $0.66 | $0.43 | [Condensed Consolidated Statements of Cash Flows](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Q1 2021 saw a net cash outflow from operations of $47.3 million, primarily due to increased receivables Cash Flow Summary | Cash Flow Activity | Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | | :--- | :--- | :--- | | **Net cash (used in) provided by operating activities** | ($47.3 million) | $72.8 million | | **Net cash provided by (used in) investing activities** | $22.0 million | ($6.9 million) | | **Net cash provided by financing activities** | $7.6 million | $79.4 million | | **Net change in cash** | ($18.1 million) | $144.9 million | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to $1.99 billion as of March 31, 2021, driven by higher receivables, and total equity improved Balance Sheet Overview | Balance Sheet Item | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Total current assets** | $1,295.1 million | $1,103.4 million | | **Total assets** | $1,986.2 million | $1,802.1 million | | **Total current liabilities** | $701.3 million | $527.6 million | | **Total liabilities** | $1,811.5 million | $1,657.0 million | | **Total equity** | $174.7 million | $145.1 million | [Notes to Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, LIFO inventory valuation, total debt, derivative usage, and an environmental contingency - Inventories are primarily valued using the Last-In, First-Out (LIFO) method. If valued at current cost, inventories would have been **$21 million higher** than reported at March 31, 2021[25](index=25&type=chunk) Debt Components | Debt Component | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Ryerson Credit Facility | $282.0 million | $285.0 million | | 8.50% Senior Secured Notes due 2028 | $450.0 million | $450.0 million | | Foreign debt & Other | $23.7 million | $19.9 million | | **Total Debt (before unamortized costs)** | **$755.7 million** | **$754.9 million** | - The company is named as a potentially responsible party (PRP) for the Portland Harbor Superfund Site. Management cannot predict the ultimate outcome or estimate a range of potential loss at this time[55](index=55&type=chunk)[59](index=59&type=chunk) - The company uses derivative instruments to manage exposure to commodity prices, foreign currency, and interest rates. As of March 31, 2021, the fair value of derivative assets was **$34.0 million** and liabilities were **$40.4 million**[61](index=61&type=chunk)[66](index=66&type=chunk) [Item 2. 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 reported stronger pricing and weaker demand in Q1 2021, increasing revenue but contracting gross margin [Industry and Operating Trends](index=22&type=section&id=Industry%20and%20Operating%20Trends) Q1 2021 saw price volatility in the metals industry, with Ryerson's average selling prices up 18.4% and shipments down 4.1% - Compared to Q1 2020, Ryerson experienced **stronger pricing** and **weaker demand** in Q1 2021[95](index=95&type=chunk) Key Operating Metrics | Metric | Change (Q1 2021 vs Q1 2020) | | :--- | :--- | | Average Selling Prices | +18.4% | | Shipments | -4.1% | [Results of Operations](index=25&type=section&id=Results%20of%20Operations) Q1 2021 revenue rose 13.6% to $1.15 billion, driven by higher prices, but gross margin declined due to LIFO expense Revenue and Sales Volume | Metric | Q1 2021 | Q1 2020 | Change | | :--- | :--- | :--- | :--- | | **Net Sales** | $1,147.3 M | $1,010.3 M | +13.6% | | **Tons Sold** | 543 k | 566 k | -4.1% | | **Avg. Selling Price/Ton** | $2,113 | $1,785 | +18.4% | - Gross margin decreased from **19.4%** in Q1 2020 to **17.2%** in Q1 2021. This was primarily due to a significant **LIFO expense of $83.8 million** in Q1 2021, compared to LIFO income of **$20.2 million** in the prior-year period[103](index=103&type=chunk)[121](index=121&type=chunk)[122](index=122&type=chunk) - Operating expenses decreased as a percentage of sales, largely due to a **$20.3 million gain** on the sale of the company's Renton, Washington facility[123](index=123&type=chunk) [Liquidity and Cash Flows](index=28&type=section&id=Liquidity%20and%20Cash%20Flows) Total liquidity increased to $583 million as of March 31, 2021, while operating cash flow became a $47.3 million outflow Liquidity Position | Liquidity Metric | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $43 million | $61 million | | **Availability under Credit Facilities** | $540 million | $312 million | | **Total liquidity** | $583 million | $373 million | - Net cash used in operating activities was **$47.3 million**, a **$120.1 million decrease** from the prior year, mainly due to a **$165.2 million increase** in receivables[133](index=133&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=32&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Ryerson manages market risks from interest rates, foreign currency, and commodity prices using debt and derivatives - **Interest Rate Risk:** The company holds a mix of fixed and variable-rate debt. After accounting for interest rate swaps on **$160 million** of debt, **81%** of total debt was at fixed rates as of March 31, 2021[151](index=151&type=chunk)[152](index=152&type=chunk)[154](index=154&type=chunk) - **Foreign Exchange Rate Risk:** Operations in Canada, Mexico, and China expose the company to currency fluctuations. As of March 31, 2021, it held foreign currency contracts with a notional value of **$4.8 million**[154](index=154&type=chunk) - **Commodity Price Risk:** The company uses derivative financial instruments to manage a portion of its exposure to metal price fluctuations. As of March 31, 2021, it held swap contracts for hot roll coil, aluminum, and nickel[157](index=157&type=chunk)[158](index=158&type=chunk) [Item 4. Controls and Procedures](index=33&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective as of March 31, 2021, with no material changes - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were **effective** as of March 31, 2021[161](index=161&type=chunk) - No changes in internal controls over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, the company's controls[162](index=162&type=chunk) Part II [Part II. Other Information](index=34&type=section&id=Part%20II.%20Other%20Information) [Item 1. Legal Proceedings](index=34&type=section&id=Item%201.%20Legal%20Proceedings) Legal proceedings, detailed in Note 9, primarily concern the Portland Harbor Superfund Site environmental matter - For information on legal proceedings, the report refers to Note 9, which details the company's involvement as a potentially responsible party in the Portland Harbor Superfund Site environmental matter[165](index=165&type=chunk)[55](index=55&type=chunk) [Item 1A. Risk Factors](index=34&type=section&id=Item%201A.%20Risk%20Factors) A new risk factor highlights the structural subordination of 2028 Senior Secured Notes to non-guarantor subsidiaries' debt - A new risk factor highlights that the **2028 Notes** are structurally subordinated to all indebtedness of non-guarantor subsidiaries, meaning creditors of those subsidiaries have priority claim to their assets[167](index=167&type=chunk) - As of March 31, 2021, these non-guarantor subsidiaries represented **10.6% of net sales** and **12.7% of assets**[168](index=168&type=chunk) [Item 6. Exhibits](index=35&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with Form 10-Q, including CEO/CFO certifications and Inline XBRL documents - The exhibits include CEO and CFO certifications pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act, as well as XBRL data files[169](index=169&type=chunk)

Ryerson Holding Corporation (NYSE:RYI) Q4 2020 Earnings Conference Call February 25, 2021 10:00 AM ET Company Participants Justine Carlson - Investor Relations Eddie Lehner - President and Chief Executive Officer Jim Claussen - Executive Vice President, Chief Financial Officer and President, CS&W Kevin Richardson - President, North America John Orth - Executive Vice President, Operations Molly Cannon - Controller and Chief Accounting Officer Conference Call Participants Chris Terry - Deutsche Bank Michael L ...