(As of Jan. 3, 2014)
NYSE Ticker:
RS
Share price:
$75.49 fa return
(since 1994):
17.7%
52-week range:
59.44 – 76.78
Shares outstanding:
77,343,610
Market
Capitalization:
$5,839 M
Enterprise Value:
$7,896 M
ADTV (3 mos.):
366,500
Total Debt:
$2,152 M
Institutional
Ownership:
~80%
Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is the largest metals service center company in North America (U.S. and Canada). Through a network of over 290 locations in 39 states and 10 countries outside of the United States, the Company provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries.
Revenue
$M
$10 000
$8 000
$6 000
$4 000
$2 000
$6 313
$8 135
$8 442
$0
2010 2011
Note: For the fiscal year ended, December 31.
2012
2012 Sales by Commodity
Toll
Processing;
2%
Misc.; 5%
Alloy; 12%
Stainless steel; 15%
Aluminum,
15%
Carbon steel, 51%
$6,00
$4,00
$2,00
$0,00
$2,61
2010
EPS
$4,58
2011
$5,33
2012
2012 Sales by Product
Carbon Steel Plate
Alloy Bar, Rod & Tube
Carbon Steel Tubing
Carbon Steel Structurals
Stainless Steel Bar & Tube
Carbon Steel Bar
Aluminum Bar & Tube
Hot Rolled Steel S&C
Other
Stainless Steel S&C
Heat Treated Aluminum Plate
Common Alloy Aluminum S&C
Galvanized Steel S&C
Toll Processing
Stainless Steel Plate
Cold Rolled Steel S&C
Alloy Plate, S&C
Common Alloy Aluminum Plate
Heat Treated Aluminum S&C
3%
3%
2%
2%
2%
1%
1%
1%
13%
11%
10%
9%
8%
8%
6%
6%
5%
5%
4%
350 South Grand Avenue, Suite 5100 I Los Angeles CA 90071 I Phone: 213-687-7700 I Fax: 213-687-8792 I www.rsac.com
The largest metals service center company in North America
Diversification of products , customers and geography serve to
reduce volatility in operating performance
Focus on maximizing profits and manage working capital to maximize cash flow and reduce debt
Demonstrated ability to grow existing businesses and also to identify and make accretive acquisitions
Experienced management team with solid track record
ACQUIRED:
More than 55 completed acquisitions since 1994 IPO
12-15% target hurdle rate of pre-tax ROI
Immediately accretive with positive cash flow
Brand name stays in the community
+
ORGANIC:
Open facilities in new markets
Expand existing facilities
Add / upgrade processing equipment
Extend capabilities to local markets
~$220 million capital expenditure budget for 2013
Historical Revenue and Operating Income Margin
Profitable every year, even during recessionary periods
$M
$10 000
$8 000
$6 000
$4 000
$2 000
$0
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
15,0%
12,0%
9,0%
6,0%
3,0%
0,0%
~20 Year Dividend History
Regular dividend increased 20 times since 1994 IPO
$1,50
$1,00
$0,50
$0,00
Key Statistics (as of September 30, 2013)
Inventory Turnover Ratio:
Average DSO:
Net Debt-to-Capital:
3-Month Cash Flow from Ops:
4.2x
~ 41 days
34.9%
$229 M
INVESTOR CONTACT:
Brenda Miyamoto, Investor Relations | 213-576-2428 | investor@rsac.com
or -
Addo Communications | 310-829-5400
350 South Grand Avenue, Suite 5100 I Los Angeles CA 90071 I Phone: 213-687-7700 I Fax: 213-687-8792 I www.rsac.com
INVESTOR RELATIONS CONTACT:
BRENDA MIYAMOTO
PHONE: (213) 576-2428 | INVESTOR@RSAC.COM