Ryerson (RYI) investor relations material

Key strategic highlights

• Focused on digital network expansion, supply chain optimization, and customer experience innovation across ~110 locations, generating $4.4B in trailing twelve-month revenue as of June 2025.

• Maintains a diversified product mix (carbon 52%, aluminum 23%, stainless steel 24%) and serves a wide range of end-markets, including infrastructure, automation, and sustainable energy.

• Advanced analytics and e-commerce capabilities enable 24/7 customer access and virtual locations, supporting market share growth in a challenging demand environment.

• Ongoing investments in automation, facility expansion, and digital platforms (e.g., Ryerson.com 3.0) to enhance processing capabilities and transactional sales.

• Strategic M&A targets value-add processing and network expansion, with recent acquisitions broadening the customer portfolio and service points.

Financial performance and targets

• Achieved $109M in adjusted EBITDA (TTM as of June 2025) with a 2.5% margin; net sales for 2024 were $4.6B.

• Operating expenses have been reduced and managed within a targeted expense-to-sales ratio of 13-15%.

• Net leverage ratio improved to 0.7x in 2024, well within the 0.5x–2.0x target range.

• Capital allocation prioritizes reinvestment in modernization, digital infrastructure, and value-add projects, with $50M earmarked for 2025 capital expenditures.

• Shareholder returns include quarterly dividends and a $50M share repurchase program, with $38M remaining authorization through April 2026.

Growth initiatives and outlook

• Self-help actions aim to increase transactional revenue to over 60% and value-add revenue to 20% of business, supporting a mid-cycle EBITDA target of $350–400M.

• Market share has grown to 4.32% of MSCI volume in 1H 2025, outpacing industry trends.

• Advanced processing and digital network initiatives are expected to drive higher margins and customer retention.

• Sustainability goals include reducing the carbon footprint by 80% by 2040 and publishing regular sustainability reports.

• Forward-looking statements emphasize continued investment, disciplined M&A, and operational improvements to achieve long-term financial and environmental targets.