N O V E M B E R 2 0 2 1

This presentation contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, discussions of Reliance's industry, end markets, business strategies and expectations concerning the Company's future growth and profitability and its ability to generate industry leading returns for its stockholders, as well as future demand and metals pricing and the Company's results of operations, margins, profitability, impairment charges, taxes, liquidity, litigation matters and capital resources. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "preliminary," "range," "intend" and "continue," the negative of these terms, and similar expressions.

These forward-looking statements are based on management's estimates, projections and assumptions as of today's date that may not prove to be accurate. Forward-looking statements involve known and unknown risks and uncertainties and are not guarantees of future performance. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements as a result of various important factors, including, but not limited to, actions taken by Reliance, as well as developments beyond its control, including, but not limited to, the possibility that the expected benefits of acquisitions may not materialize as expected, and the impacts of labor constraints, supply chain disruptions, COVID-19 and changes in worldwide and U.S. economic conditions that could materially impact the company, its customers and suppliers and demand for the company's products and services. The extent to which the continuing COVID-19 pandemic may negatively impact the Company's operations will depend on future developments which are highly uncertain and cannot be predicted, including the duration of the outbreak, any reemergence or mutations of the virus, the actions taken to control the spread of COVID- 19 or treat its impact, including the speed and effectiveness of vaccination efforts, and direct and indirect effects of the virus on worldwide and U.S. economic conditions. Deteriorations in economic conditions, as a result of COVID-19 or otherwise, could lead to a further or prolonged decline in demand for the Company's products and services and negatively impact its business, and may also impact financial markets and corporate credit markets which could adversely impact the Company's access to financing, or the terms of any financing. The Company cannot at this time predict the extent of the impact of the COVID-19 pandemic and resulting economic impact, but it could have a material adverse effect on its business, financial position, results of operations and cash flows.

The statements contained in this presentation speak only as of the date that they are made, and Reliance disclaims any and all obligation to publicly update or

revise any forward-looking statements, whether as a result of new information, future events or for any other reason, except as may be required by law.

Important risks and uncertainties about Reliance's business can be found in "Item 1A. Risk Factors" of the Company's Annual Report on Form 10-K for the year

ended December 31, 2020 and in other documents Reliance files or furnishes with the United States Securities and Exchange Commission.

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F O U N D E D I N

L O C AT I O N S

Y E A R S O F

O P E R AT I O N A L

E XC E L L E N C E

M E TA L P R O D U C T S

C U S TO M E R S

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Performance Summary

  • Record net sales of $3.85 billion
    • 84.5% YOY increase due to strength in metals pricing, with average selling price per ton sold up 77.9%
    • 12.5% QOQ increase due to:
      • Fundamentally strong underlying demand in nearly all end markets
      • Strong pricing trends, with average selling price per ton sold up 18.4%
  • Record gross profit of $1.21 billion
    • Driven by the favorable pricing environment and outstanding operational execution
  • Gross profit margin of 31.5%
    • Decreased 90 basis points year-over-year
    • Record FIFO gross profit margin of 38.3%
  • Record pretax income of $532.6 million
    • Driven by record net sales, strong pricing trends and operational excellence
    • Record pretax income margin of 13.8%
  • Record EPS of $6.15
  • Repurchased $131.0 million of Reliance common stock

Net Sales ($ billions)

Gross Profit Margin

Record Net Sales in Q3 2021

32.4%

$3.85

31.7%

$3.42

31.5%

$2.09

Q3 2020

Q2 2021

Q3 2021

Q3 2020

Q2 2021

Q3 2021

Pretax Income ($ millions)

EPS

Record Pretax Income in Q3 2021

Record EPS in Q3 2021

$532.6

$532.6

$6.15 $6.15

$444.1 $442.8

$5.08 $5.06

$127.0 $158.0

$1.51 $1.87

Q3 2020

Q2 2021

Q3 2021

Q3 2020

Q2 2021

Q3 2021

GAAP

Non-GAAP(1)

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  1. NON-GAAPAMOUNTS MAINLY EXCLUDE IMPAIRMENT AND RESTRUCTURING CHARGES AND GAINS RELATED TO SALES OF NON-CORE ASSETS, NET OF TAX, WHICH ARE RECONCILED IN THE COMPANY'S Q3 2021 EARNINGS PRESS RELEASE ISSUED ON OCTOBER 28, 2021.
(see slides 15, 37)
Large customer of
(see slides 15, 37)
(see slides 10, 22)

Reliance's Deep & Wide Economic Moat

Value- added Solutions

Industry Leader: Largest metals service center company in North America; 2020 tons sold represent approximately 14.5% of total Metals Service Center Institute shipments

Purchasing Power:

major U.S. metal producers drives significant purchasing power and product availability in all market conditions

Diverse: Provide 100,000+ metal products to 125,000+ customers in diverse end markets through ~300 locations in 40 states and 13 countries outside the US

(see slides 17, 18, 19)

Value-Added Solutions Provider: 49% of orders in 2020 included value- added processing, supporting high margins

Strong Balance Sheet: Strong liquidity

position provides financial flexibility to execute on all areas of capital allocation strategy while maintaining investment grade rating

(see slides 24, 30)

Disruption Adverse: Industry susceptible to low level of disruption from technology or substitutes (carbon fiber, wood, etc.)

Industry

Leader

Purchasing

Power

Diverse

Strong

Balance

Sheet

CASH

FLOWDisruption Adverse

Customer

Relationships

Customer Relationships: Customers place smaller, more frequent orders often requiring quick delivery, supporting high margins

Reliance's Cash Flow: Strong, consistent cash flows supported by the deep and wide economic moat; driven by profitable operations and effective working capital management (see slides 8, 9)

(see slides 21, 22)

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Reliance Steel & Aluminum Co. published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 14:12:09 UTC.