{ "docId": "019de515-e90c-76ee-b458-7c6166bb18b4", "docSlug": "ed0779db9869b235423966f2853b4b07", "documentTitle": "Commercial Metals Company | Results Presentation Deck | 27 slides", "authorId": "commercial-metals-company", "authorName": "Commercial Metals Company", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-06-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 18, "pageCount": 27, "prevPage": 17, "nextPage": 19, "slideType": "kpi_overview", "function": "summarize", "density": "overcrowded", "nDataPoints": 48, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de515-e90c-76ee-b458-7c6166bb18b4/18", "deckHref": "/decks/019de515-e90c-76ee-b458-7c6166bb18b4", "deckJsonHref": "/decks/019de515-e90c-76ee-b458-7c6166bb18b4.json", "deckAnchorHref": "/decks/019de515-e90c-76ee-b458-7c6166bb18b4#slide-18", "components": [ { "bbox": { "h": 0.55, "w": 0.46, "x": 0.045, "y": 0.15 }, "kind": "chart", "text": "Net Debt1,2 / EBITDA3; Q2 2019: 3.9x, Q3 2019: 3.2x, Q4 2019: 2.5x, Q1 2020: 1.9x, Q2 2020: 1.6x, Q3 2020: 1.2x, Q4 2020: 0.9x, Q1 2021: 1.1x, Q2 2021: 1.2x, Q3 2021: 1.0x, Q4 2021: 0.8x, Q1 2022: 0.7x, Q2 2022: 0.5x, Q3 2022: 0.7x, Q4 2022: 0.5x, Q1 2023: 0.4x, Q2 2023: 0.5x, Q3 2023: 0.5x", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c90fa3c5-6d87-4a80-b2b1-4564834182d4", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.55, "w": 0.43, "x": 0.537, "y": 0.15 }, "kind": "chart", "text": "Net Debt-to-Capitalization4; Q2 2019: 46%, Q3 2019: 42%, Q4 2019: 37%, Q1 2020: 33%, Q2 2020: 32%, Q3 2020: 24%, Q4 2020: 18%, Q1 2021: 21%, Q2 2021: 22%, Q3 2021: 20%, Q4 2021: 17%, Q1 2022: 18%, Q2 2022: 14%, Q3 2022: 24%, Q4 2022: 17%, Q1 2023: 15%, Q2 2023: 15%, Q3 2023: 13%", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d20b29b6-826b-4dd2-a365-e8fb379929b1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.09, "w": 0.59, "x": 0.099, "y": 0.87 }, "kind": "list", "text": "Notes:\n1. Total debt is defined as long-term debt plus current maturities of long-term debt and short-term borrowings.\n2. Net Debt is defined as total debt less cash & cash equivalents.\n3. EBITDA depicted is adjusted EBITDA from continuing operations on a trailing 12-month basis.\n4. Net debt-to-capitalization is defined as net debt on CMC's balance sheet divided by the sum of total debt and stockholders' equity.\nFor a reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures, see the appendix to this document.", "attrs": null, "subkind": "numbered", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "aa32e02c-91e3-42d8-85ea-ed2d39245bb9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.22, "x": 0.744, "y": 0.945 }, "kind": "source-note", "text": "Q3 FY23 Supplemental Slides | June 22, 2023 18", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1b4953b9-2a74-48a2-bb8e-7b597d424780", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.21, "x": 0.099, "y": 0.855 }, "kind": "source-note", "text": "Source: Public filings, Internal data", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "27d4e2f6-69ec-422f-8435-24ef6b998dec", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.89, "x": 0.07, "y": 0.77 }, "kind": "title", "text": "Financial strength gives us the flexibility to fund our announced projects, pursue opportunistic M&A, and distribute cash to shareholders", "attrs": null, "subkind": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "43ba58e9-c040-46aa-a8b0-996ad96419d3", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.34, "x": 0.047, "y": 0.06 }, "kind": "title", "text": "Leverage Profile", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "51cfa231-c980-4809-88d4-aa7712106de2", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "action-titles", "slug": null, "matchId": "bb7bba1d-7083-4c51-83d6-aa3f78b30ead", "evidence": "Financial strength gives us the flexibility to fund our announced projects, pursue opportunistic M&A, and distribute cash to shareholders", "confidence": 1 } ], "arcBeats": [ { "to": 18, "from": 10, "beatId": "4d66e432-1aa5-4f7c-be11-a6a70b1b828d", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Satisfaction", "beatSlug": "monroes-sequence-satisfaction", "evidence": "The presentation provides an update on the company's performance and capital allocation strategy", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "loops": [ { "to": 18, "from": 5, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "41e7594d-c7be-456d-bb88-a3e5cd376abf", "evidence": "The presentation provides a logical chain of arguments and data to support its claims", "position": 0, "objective": "To demonstrate the company's growth strategy and its potential for increasing shareholder value", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... 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