ASX & MEDIA RELEASE

(ASX: SGM)

17 July 2018

Additional Disclosure of North America Metals Financial Reporting Segment

Sims Metal Management Limited (the "Company") today announced that it is enhancing its financial disclosure by providing greater financial transparency of the equity accounted results for SA Recycling LLC ("SAR"). SAR operates 73 facilities across North America, specifically California, Texas, Arizona, Nevada, Georgia, Alabama and Tennessee. The core business of SAR is ferrous and non-ferrous metal recycling, servicing US domestic and international customers (refer towww.sarecycling.comfor further details).

The 50% investment in SAR, held through one of the Company's subsidiaries, has been disaggregated from the historical North America Metals operating segment for market disclosure. The two new segments will be referred to as North America Metals and Investment in SA Recycling.

The operating segments disclosure changes will be applied in respect to the fiscal year ending 30 June 2018 and thereafter.

Comparison of statutory and underlying EBITDA, statutory and underlying EBIT and assets under the new and historical segments for the past five half year periods and the prior two full year periods are attached.

The Company will release its results for the fiscal year ending 30 June 2018 on 24 August 2018.

About Sims Metal Management

Sims Metal Management is one of the world's largest listed metal recyclers with over 240 facilities, operations in 18 countries and approximately 4,700 employees globally. Sims' core businesses are metal recycling and electronics recycling. With circa 50% of its revenue from operations in North America. The Company's ordinary shares are listed on the Australian Securities Exchange (ASX: SGM) and its American Depositary Shares are quoted on the Over-the-Counter market in the United States (USOTC: SMSMY).

Please visit our website (www.simsmm.com) for more information on the Company and recent developments.

Investor and media inquiries contact

John HobsonJohn.Hobson@simsmm.com+61 488 002 460

New Operating Segments North America Metals

A$m

Sales Revenue

Statutory EBITDA

Underlying EBITDA

Depreciation

Amortisation

Statutory EBIT

Underlying EBIT

Assets

Intake Volumes (000's)

Sales Volumes (000's)

Employees

Investment in SA Recycling

A$m

Statutory EBITDA

Underlying EBITDA

Statutory EBIT

Underlying EBIT

AssetsHistorical Operating Segment North America Metals

-7.4

1H FY16

2H FY16

YE FY16

1H FY17

2H FY17

YE FY17

1H FY18

1,235.6

1,117.0

2,352.6

1,111.0

1,306.5

2,417.5

1,515.7

5.1

49.9

55.0

70.5

54.6

125.1

70.6

23.3

53.9

77.2

50.8

58.2

109.0

70.9

32.2

29.5

61.7

26.6

27.4

54.0

27.1

6.8

4.9

11.7

4.4

4.5

8.9

3.9

-40.7

15.5

-25.2

39.5

22.7

62.2

39.6

-15.7

19.5

3.8

19.8

26.3

46.1

39.9

963.7

1,018.2

1,018.2

1,066.2

1,009.8

1,009.8

1,032.1

2,900

2,860

5,760

2,614

2,726

5,340

3,184

2,990

2,782

5,772

2,735

2,719

5,454

3,059

1,898

1,884

1,884

1,683

1,680

1,680

1,826

1H FY16

2H FY16

YE FY16

1H FY17

2H FY17

YE FY17

1H FY18

-7.4

-126.5

-7.4

123.1

A$m

1H FY16

Sales Revenue

1,235.6

Statutory EBITDA

Underlying EBITDA

Depreciation

Amortisation

Statutory EBIT

Underlying EBIT

Assets

Intake Volumes (000's)

Sales Volumes (000's)

Employees

-2.3

15.9

-167.2

-23.1

1,086.8

2,900

2,990

1,898

5.9

5.9

5.9

5.9

-1.5

-1.5

-120.6

-1.5

126.8

126.8

10.9

10.9

10.9

10.9

136.6

2H FY16

1,117.0

55.8

59.8

21.4

25.4

1,145.0

2,860

2,782

1,884

YE FY16

1H FY17

2,352.6

53.5

75.7

61.7

11.7

-145.8

2.3

1,145.0

5,760

5,772

1,884

1,111.0

15.4

15.4

15.4

15.4

131.9

2H FY17

1,306.5

81.4

61.7

26.6

4.4

70.0

73.6

50.4

38.1

30.7

41.7

1,202.8

1,141.7

2,614

2,726

2,735

2,719

1,683

1,680

26.3

26.3

26.3

26.3

25.1

25.1

25.1

25.1

131.9

145.4

YE FY17

2,417.5

151.4

135.3

54.0

8.9

88.5

72.4

1,141.7

5,340

5,454

1,680

1H FY18

1,515.7

95.7

96.0

27.1

3.9

64.7

65.0

1,177.5

3,184

3,059

1,826

2

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Disclaimer

Sims Metal Management Limited published this content on 17 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 July 2018 22:56:02 UTC