{ "docId": "019de517-267b-744f-a9e4-7e785b2db8ad", "docSlug": "9b53d65d1770d146b9bbb4f96fbced00", "documentTitle": "Commercial Metals Company | Investor Presentation Deck | 28 slides", "authorId": "commercial-metals-company", "authorName": "Commercial Metals Company", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 19, "pageCount": 28, "prevPage": 18, "nextPage": 20, "slideType": "kpi_overview", "function": "frame_situation", "density": "overcrowded", "nDataPoints": 12, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de517-267b-744f-a9e4-7e785b2db8ad/19", "deckHref": "/decks/019de517-267b-744f-a9e4-7e785b2db8ad", "deckJsonHref": "/decks/019de517-267b-744f-a9e4-7e785b2db8ad.json", "deckAnchorHref": "/decks/019de517-267b-744f-a9e4-7e785b2db8ad#slide-19", "components": [ { "bbox": { "h": 0.05, "w": 0.21, "x": 0.53, "y": 0.47 }, "kind": "list", "text": "Energy Rebates: Expect to receive $60M in rebates as reimbursement for high energy related costs incurred", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "072238f3-b1e6-4e8a-a9a5-88397bf3c899", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.21, "x": 0.05, "y": 0.61 }, "kind": "list", "text": "Construction: Polish cement production down 10% y/y²", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0bd50239-d40f-4112-9d0f-319c384a5c14", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.21, "x": 0.77, "y": 0.47 }, "kind": "list", "text": "Inflation: Inflation is down from its 2023 peak y/y change of 18.4%, but remains high at 8.2%", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "156cea71-e99d-481d-a136-adeab8dcae24", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.21, "x": 0.53, "y": 0.33 }, "kind": "list", "text": "Energy Costs: Natural gas purchase contracts repriced Oct 1; will reduce cost per ton by $15 to $20", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "193e0422-00b2-4f05-9dab-b312c6f0900d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.21, "x": 0.77, "y": 0.33 }, "kind": "list", "text": "Interest Rates: Central bank has reduced rates by 100bps since early Sep to stimulate growth", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "39f36f5c-29d5-4fe6-87d0-b5d76c4c9eb6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.21, "x": 0.05, "y": 0.33 }, "kind": "list", "text": "Manufacturing: Germany and Poland PMIs below 50 for 15 consecutive months¹", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3f57e5d0-b798-420e-9909-3ecbd48e7788", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.21, "x": 0.05, "y": 0.47 }, "kind": "list", "text": "Construction: Housing units under construction down 5% y/y²", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4299e571-1fcd-4b2a-820d-af1f958d37f5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.21, "x": 0.29, "y": 0.47 }, "kind": "list", "text": "Long Product Imports: EU and Polish imports down y/y³", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6cd2eb7c-a221-4085-b8a8-fdbb2becc553", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.21, "x": 0.53, "y": 0.61 }, "kind": "list", "text": "Cost Position: CMC remains one of the lowest cost long products producers in Europe", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7322b4f9-0f17-472d-a4d7-eb7c003d0447", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.21, "x": 0.29, "y": 0.33 }, "kind": "list", "text": "Long Product Production: Polish long steel production down ~13% y/y²", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7c0e3147-002b-4141-94b0-d848ea0f5954", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.21, "x": 0.77, "y": 0.61 }, "kind": "list", "text": "Currency Valuation: Zloty has weakened against USD and EUR, making imported steel more expensive", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "aeed8131-737c-40bd-a052-457a616d5374", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.45, "x": 0.14, "y": 0.92 }, "kind": "source-note", "text": "[2] Data from Statistics Poland for periods matching CMC's Q4 2022 and Q4 2023", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "438929b3-80ef-45e7-871c-fbe310317ad1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.3, "x": 0.14, "y": 0.91 }, "kind": "source-note", "text": "[1] Data from S&P Global manufacturing PMI report", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bc1a4c7c-8f3b-4446-8ce4-3bbd995ac87b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.25, "x": 0.14, "y": 0.93 }, "kind": "source-note", "text": "[3] Data from Eurofer and Statistics Poland", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c77c315b-d69a-4aff-ac29-48527df2dd25", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.907, "x": 0.048, "y": 0.104 }, "kind": "subtitle", "text": "Lackluster demand and compressed margins negatively impacted fourth quarter results for CMC's Europe segment.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "06b9de7b-0a2a-423b-9ac7-168a1d36abea", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.907, "x": 0.05, "y": 0.82 }, "kind": "subtitle", "text": "Conditions are currently challenging, but green shoots and potential catalysts exist. 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