Ryerson : Investor Presentation at J.P. Morgan Industrials Conference

J.P. Morgan Industrials Conference

Investor Presentation

March 2024

DISCLAIMER

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 athttps://ir.ryerson.com/financials/sec-filings/default.aspx. This site also provides additional information about Ryerson.

Safe Harbor Provision

Certain statements made in this release and other written or oral statements made by or on behalf of the Company constitute "forward-looking statements" within the meaning of the federal securities laws, including statements regarding our future performance, as well as management's expectations, beliefs, intentions, plans, estimates, objectives, or projections relating to the future. Such statements can be identified by the use of forward-looking terminology such as "objectives," "goals," "preliminary," "range," "believes," "expects," "may," "estimates," "will," "should," "plans," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. The Company cautions that any such forward-looking statements are not guarantees of future performance and may involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of various factors. Among the factors that significantly impact our business are: the cyclicality of our business; the highly competitive, volatile, and fragmented metals industry in which we operate; the impact of geopolitical events; fluctuating metal prices; our indebtedness and the covenants in instruments governing such indebtedness; the integration of acquired operations; regulatory and other operational risks associated with our operations located inside and outside of the United States; the influence of a single investor group over our policies and procedures; work stoppages; obligations under certain employee retirement benefit plans; currency fluctuations; and consolidation in the metals industry. Forward-looking statements should, therefore, be considered in light of various factors, including those set forth above and those set forth under "Risk Factors" in our most recent annual report on Form 10-K and in our other filings with the Securities and Exchange Commission. Moreover, we caution against placing undue reliance on these statements, which speak only as of the date they were made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events or circumstances, new information or otherwise.

Non-GAAP Measures

Certain measures contained in these slides or the related presentation are not measures calculated in accordance with generally accepted accounting principles ("GAAP"). They should not be considered a replacement for GAAP results. Non-GAAP financial measures appearing in these slides are identified in the footnotes. A reconciliation of these non-GAAP measures to the most directly comparable GAAP financial measures is included in the Appendix.

WHO WE ARE

Headquarters Operating Locations TTM Revenue

TTM Adj. EBITDA Margin Market Capitalization2 Net Debt3

~100

$5.1B

$231M

4.5%

$1.1B

$382M

~4,600

• • A leading distributor and provider of metals solutions with interconnected locations across North America

• • Driving improved customer experiences through innovation, integration and supply-chain optimization

Revenue ($B)

Shape and Metal Mix based on 2023 10-K revenue; 1Adj EBITDA excluding LIFO, please see Appendix for calculations 2Market Cap as of March 5, 2024 and shares outstanding as of December 31, 2023; 3Net Debt as of December 31, 2023

WHAT WE DO - AT NEXUS OF $296B INDUSTRY

SUPPLIERS

CUSTOMERS

• • Primarily produce "hot metal" cast into coils, plates and bars

• • Produce and ship large volumes

• • Have long and potentially volatile lead times

• • 75k stocked metal products enhanced by more than 80k "virtually" mapped items

• • Interconnected North American network with ~100 company operated locations and over 400 third-party mapped locations

• • Product and end-market expertise

OUR POSITION IN THE VALUE CHAIN PROVIDES:

• • RISK MANAGED AND VALUE-ADDED SUPPLY CHAIN SERVICES

• • COUNTERCYCLICAL CASH FLOWS

• • ON-DEMAND PRODUCTS AND SERVICES

• • NETWORK REACH TO ALL POINTS OF FRAGMENTATION

Industry size based on IBISWorld "Metal Wholesaling in the US" October 2023 report.

• • Require a variety of products/services

• • Purchase to spot bill of materials requirements

• • Seek value-added attributes-based partnership

SERVICE CENTER PEERS

2022 Revenue ($m)

CarbonBright Metals 2Other

17,025

2022 Revenue Mix 1

RyersonWorthington 5 Kloeckner 4

RusselOlympic

Ryerson3

Reliance

Olympic 6

Russel

Ryerson's scale and intelligently interconnected network create a competitive advantage to provide customers with custom supply chain solutions

1Competitor product mixes based on respective 10-K/10-Q reports; 2Bright metals composed of stainless steel and aluminum; 3Ryerson mix as of December 31, 2022; 4Represents Kloeckner US revenue converted to USD at average 2022 Euro to USD; 5Worthington is based on Trailing Twelve Months ending February 2023 and reflects Worthington Steel separation revenue announced September 29, 2022; 6Olympic's tubular and pipe segment classified as carbon

INTELLIGENT NETWORK

• • Diversified (metals mix, ~40k customers, ~75k products)

• • Availability, speed, ease, consistency

• • Hundreds of "virtual" locations

• • 24/7 e-commerce

• • Digitalized customer experience

• • Building the value chain of the future

DIGITALIZATION & NETWORK EFFECT

GROWING SUSTAINABLY

Recent Achievements

• • Conducted materiality assessment in 2021

• • Formed ESG Committee

• • Established baseline emissions and reduction target

• • Published improved 2023 Sustainability Report

  2023 ESG Report Topics Include

SUSTAINABILITY AT RYERSON

Environment

80%

Targeted reduction of scope 1 and scope 2 emissions by 2040

96k

Tons of CO2e emitted in 2022, Scope 1 & 2, a decrease of 2% year-over-year

Recycled 70k+ tons of metal back into the circular economy in 2022

Launched the award-winning Ryerson Illuminator App, which helps estimate metals supply chain emissions

SocialEthics & Governance

Consistently achieves a TRIR OSHA rate better than the industry average

Continued focus on cybersecurity with updated Incident Response Plan and new Cybersecurity Policy to come

Focused charity efforts on supporting disadvantaged youth, families, and communities

180+

Years of business with sound values and ethics

Received 2023 Cornerstone Award from the Assn. of Women in the Metal Industries Chicago Chapter

Quarterly sustainability updates to our Audit Committee

Check out our 2023 Report on our Corporate Responsibility webpage >>

Recognized by Forbes as one of the best mid-sized companies to work for

Sustainability at Ryerson is focused on delivering long-term growth to the benefit of all our stakeholders. We are committed to transparency, responsible stewardship of our resources, ethical governance, empowering our people and serving our communities.

LOW CARBON FOOTPRINT

Metals Peers

Distributor emissions are much lower than producer emissions, typically <100mt CO2e / $M revenue

Non-metals Company

2020 Scope 1 and 2 mt CO2e /

$M Revenue

EAF = Electric Arc Furnace, BF = Blast Furnace, BOF = Basic Oxygen Furnace; Ryerson number is 2021; all others are 2020 values for global emissions

Metals Company

10

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Ryerson Holding Corporation published this content on 14 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2024 19:15:22 UTC.