{ "docId": "019de517-bc0b-77ca-bd48-a0e7ef06725c", "docSlug": "235777b83274cc7323e3c3560dcc88e8", "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": "2024-01-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 10, "pageCount": 27, "prevPage": 9, "nextPage": 11, "slideType": "kpi_overview", "function": "summarize", "density": "dense", "nDataPoints": 13, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de517-bc0b-77ca-bd48-a0e7ef06725c/10", "deckHref": "/decks/019de517-bc0b-77ca-bd48-a0e7ef06725c", "deckJsonHref": "/decks/019de517-bc0b-77ca-bd48-a0e7ef06725c.json", "deckAnchorHref": "/decks/019de517-bc0b-77ca-bd48-a0e7ef06725c#slide-10", "components": [ { "bbox": { "h": 0.19, "w": 0.88, "x": 0.08, "y": 0.67 }, "kind": "list", "text": "North America Steel Group shipments expected to decline sequentially on typical seasonality; steel product margins to experience further compression\nBeyond the second quarter, recent price announcements should support an inflection in steel product margins\nConditions for Europe Steel Group expected to remain challenging, but adjusted EBITDA excluding energy rebates should improve from the levels of Q4 and Q1\nFinancial results for Emerging Businesses Group anticipated to be seasonally lower\nSpring and summer construction activity expected to be robust in North America, which should benefit financial results for both the North America Steel Group and the Emerging Businesses Group during the second half of fiscal 2024", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "81710971-225a-4f1d-83e1-bfd23dab8402", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.49, "w": 0.88, "x": 0.08, "y": 0.15 }, "kind": "list", "text": "Demand conditions in North America remained supportive\nFinished steel shipments increased 1% y/y, while rebar shipments (mill direct rebar and downstream) improved 3% from a year ago\nNorth America Steel Group steel product margin declined $146 per ton from the prior year period\nDownstream product margins over scrap¹ remained near record levels with the positive impact modestly offset by lower y/y downstream shipment volumes\nNorth America Steel Group controllable costs per ton of finished steel were largely unchanged in the prior year period\nAdjusted EBITDA in first quarter of fiscal 2024 included $11.6 million related to Arizona 2 commissioning costs compared to $5.6 million during the first quarter of fiscal 2023\nRecognition of $66.3 million in energy cost rebates more than offset the impact of difficult market conditions at Europe Steel Group\nMargins over scrap cost declined $158 per ton on a y/y basis\nShipments decreased by 27% from the prior year period\nEmerging Businesses Group grew net sales 3.9% y/y, driven by the acquisition of CMC Anchoring Systems\nGenerally positive demand conditions in North America; activity was slowed somewhat by weather delays in the Central U.S.\nEBG adjusted EBITDA margin declined 100 basis points y/y\nPositive impacts from improved adoption rates of high margin proprietary products and addition of CMC Anchoring Systems offset by weather delays in the Central U.S. and lower construction activity in Europe", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ce7b01dc-5a92-494d-9f2c-015f5c37805c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.47, "x": 0.14, "y": 0.92 }, "kind": "source-note", "text": "[1] Downstream Product Margin Over Scrap equals Average Selling Price minus cost of ferrous scrap utilized during the prior quarter", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0d11e88e-670d-482e-a0db-6d6929d7344e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.14, "x": 0.78, "y": 0.92 }, "kind": "source-note", "text": "Q1 FY24 Supplemental Slides\nJanuary 8, 2024\n10", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2ea4e35c-2fd7-4cf8-b31e-52db4e85eb75", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.44, "x": 0.05, "y": 0.05 }, "kind": "title", "text": "Q1 Operational Update", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "246e73e3-5a7f-4eb6-ba7e-7b8a59a660fa", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "List presentation", "slug": "list-presentation", "agent": null, "layer": "slide", "matchId": "0fb2d380-d0fb-4325-84bc-891fb76e8920", "evidence": "list/bullet: Demand conditions in North America remained supportive", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [ { "to": 18, "from": 10, "beatId": "e9512549-b700-43ca-aa6f-ae674ce073b9", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Satisfaction", "beatSlug": "monroes-sequence-satisfaction", "evidence": "The company presents strong operational results and financial performance", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "loops": [ { "to": 18, "from": 10, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "c68ef52e-cd01-485e-a623-daaa8b621863", "evidence": "The company presents financial performance and capital allocation strategy", "position": 0, "objective": "Highlight the benefits of the company's strategy", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }