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2015 Industrials Conference – Nucor Corporation

Nucor Corporation · Aug 13, 2015 · 29 slides

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Slides

  1. 2015 Industrials Conference – Nucor Corporation – slide 1
    2015 Industrials Conference August 13, 2015 1
  2. 2015 Industrials Conference – Nucor Corporation – slide 2
    Nucors Focus: PROFITABLE GROWTH NUCORS POSITION OF STRENGTH NUCORS STRATEGY NUCORS STRATEGIC EXECUTION 3
  3. 2015 Industrials Conference – Nucor Corporation – slide 3
    NUCORS POSITION OF STRENGTH 4
  4. 2015 Industrials Conference – Nucor Corporation – slide 4
    NUCORS GROWTH DRIVEN BY OUR POSITION OF STRENGTH FINANCIAL STRENGTH LOW COST STRUCTURE FLEXIBLE & RELIABLE PRODUCTION PRODUCT DIVERSITY / BREADTH MARKET LEADERSHIP CHANNELS TO MARKET OUR CULTURE 5
  5. 2015 Industrials Conference – Nucor Corporation – slide 5
    FINANCIAL STRENGTH Strong cash flow generation through the cycle Investment grade credit rating Conservative Financial Practices No Material Legacy Liabilities 6
  6. 2015 Industrials Conference – Nucor Corporation – slide 6
    FINANCIAL STRENGTH Cash From Operations 2000-2014 Cyclical Trough To Cyclical Trough More than 2X 2,400 1,800 Average 09-13 1.1 Billion 1,200 Average 01-03 600 495 Million 0 2000 2001 2002 2003 2004 2005 2006 2007…
  7. 2015 Industrials Conference – Nucor Corporation – slide 7
    STRONG CASH FLOW GENERATION THROUGH THE CYCLE LAST 12 MONTHS OPERATING CASH FLOW = 2.1 BILLION ALLOCATION OF OPERATING CASH FLOW 463 MM Increased 779 MM Liquidity Gallatin Steel Acquisition 477 MM Shareholder 381 MM…
  8. 2015 Industrials Conference – Nucor Corporation – slide 8
    LOW COST STRUCTURE = Industry Leading Returns Average ROIC 2004-2014 16 14.9% 14 12.7% 12 10 8 6 5.5% 4.4% 4 2 0 ArcelorMittal U.S. Steel Steel Dynamics Nucor ROIC = EBIT x (1-.35) / (NET PP&E + WORKING CAPITAL ) 9
  9. 2015 Industrials Conference – Nucor Corporation – slide 9
    FLEXIBLE CAPACITY & HIGHLY VARIABLE COST STRUCTURE Electric arc furnaces Pay For Performance High productivity No lay-off practice BEST-IN-CLASS MARKET RESPONSIVENESS 10
  10. 2015 Industrials Conference – Nucor Corporation – slide 10
    DIVERSIFIED PRODUCT MIX NORTH AMERICAS MOST DIVERSIFIED STEEL PRODUCER 2014 Sales Tons Sheet - 32% Bars - 22% Structural - 10% Plate - 10% Products - 11% Scrap - 15% 11
  11. 2015 Industrials Conference – Nucor Corporation – slide 11
    NUCOR = MOST DIVERSIFIED STEEL AND STEEL PRODUCTS PRODUCER IN NORTH AMERICA Highway Products Building Systems Joist & Decking Fasteners Structural/Piling Distrib. Wire Products Rebar Fabrication Cold Finished Bar…
  12. 2015 Industrials Conference – Nucor Corporation – slide 12
    MARKET LEADERSHIP BY SIZE IN NORTH AMERICA Structural Steel Bar Steel 1 North American Rebar Steel Hot Rolled Sheet Steel Cold Finished Bar Steel Market Leader Steel Joist Steel Deck Rebar Fabrication, Distribution, &…
  13. 2015 Industrials Conference – Nucor Corporation – slide 13
    CHANNELS TO MARKET % Steel Mill Shipments To Internal Customers 20 18 16 16% 14 12 11% 10 8 6 4 2 0 2008 2014 14
  14. 2015 Industrials Conference – Nucor Corporation – slide 14
    NUCORS PEOPLE OUR BIGGEST COMPETITIVE ADVANTAGE 15
  15. 2015 Industrials Conference – Nucor Corporation – slide 15
    NUCORS CULTURE Trust Ownership Empowerment Begins with our Commitment to Employees SAFETY is our First Priority Teamwork Pay For Performance Continual Improvement Decentralized Structure 16
  16. 2015 Industrials Conference – Nucor Corporation – slide 16
    NUCORS STRATEGY FOR LONG-TERM PROFITABLE GROWTH 17
  17. 2015 Industrials Conference – Nucor Corporation – slide 17
    NUCORS GROWTH STRATEGY Optimize Existing Operations Raw Strategic NUCORS Materials Acquisitions FIVE Strategy PRONGED GROWTH STRATEGY International Greenfield Growth via Growth Joint Ventures (Technology & Market…
  18. 2015 Industrials Conference – Nucor Corporation – slide 18
    GROWING NUCORS EARNINGS POWER Capital Invested Versus Depreciation During Current Steel Industy Downturn of 2009-2014 7,000 4.0 BLN Capital Spending 6,000 5.9 Billion 1.9 BLN Acquisitions 5,000 4,000 3.3 Billion 3,000…
  19. 2015 Industrials Conference – Nucor Corporation – slide 19
    GROWING NUCORS EARNINGS POWER: LOUISIANA DRI FACILITY WORLD CLASS QUALITY LOW COST SUPPLY AT CURRENT MARKET PRICING FOR IRON ORE PELLETS: NS-LA ALL-IN COST < LOW RESIDUAL IRON UNIT PRICES 20
  20. 2015 Industrials Conference – Nucor Corporation – slide 20
    GROWING NUCORS EARNINGS POWER: HEAT TREAT & NORMALIZED PLATE CONTINUES TO RUN AT FULL CAPACITY (245,000 TONS/YEAR CAPACITY) 21
  21. 2015 Industrials Conference – Nucor Corporation – slide 21
    GROWING NUCORS EARNINGS POWER: WIDE-LIGHT PROJECT 200,000 TONS OF SHIPMENTS EXPECTED FOR 2015 22
  22. 2015 Industrials Conference – Nucor Corporation – slide 22
    GROWING NUCORS EARNINGS POWER: SBQ & WIRE ROD EXPANSION NEBRASKA, SOUTH CAROLINA, & MEMPHIS MILLS GAINING MARKET SHARE WITH NEW PRODUCTS SC WIRE ROD EXPANSION 23
  23. 2015 Industrials Conference – Nucor Corporation – slide 23
    NUCOR AUTOMOTIVE APPLICATIONS 2015 Sheet & SBQ shipments expected to increase 20% to 1.4 million tons 24
  24. 2015 Industrials Conference – Nucor Corporation – slide 24
    GROWING NUCORS EARNINGS POWER: SHEET PILING PRODUCT EXPANSION 100,000 TONS ANNUAL VOLUME TARGET 25
  25. 2015 Industrials Conference – Nucor Corporation – slide 25
    GROWING NUCORS EARNINGS POWER: Gallatin Steel Acquisition Enhances market leadership in hot band products Broadens footprint in the strategically important Midwest market Complement to Nucors Raw Materials / DRI Strategy Strong…
  26. 2015 Industrials Conference – Nucor Corporation – slide 26
    NUCORS STRATEGIC EXECUTION 27
  27. 2015 Industrials Conference – Nucor Corporation – slide 27
    NUCORS BALANCED APPROACH TO CAPITAL ALLOCATION Cash From Operations, Capital Invested, & Capital Returned 2005-2014 TEN YEAR HISTORY 18,000 16,000 15.5 Billion 14,000 12.5 Billion 12,000 10,000 8,000 6.7 Billion 6,000…
  28. 2015 Industrials Conference – Nucor Corporation – slide 28
    BUILDING EARNINGS POWER FOR THE NEXT CYCLICAL PEAK & BEYOND (Millions of dollars) 2,200 2008 RECORD EPS 5.98 1,700 1,200 700 200 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 -300 29
  29. 2015 Industrials Conference – Nucor Corporation – slide 29
    We make America stronger. 30

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