2 0 1 6 I N V E S T O R P R E S E N TAT I O N J U N E 1 4 , 2 0 - PowerPoint PPT Presentation

2 0 1 6 I N V E S T O R P R E S E N TAT I O N J U N E 1 4 , 2 0 1 6 R Y E R S O N I N V E S T O R P R E S E N T A T I O N

IMPORTANT INFORMATION ABOUT RYERSON HOLDING CORPORATION These materials do not constitute an offer or solicitation to purchase or sell securities of Ryerson Holding Corporation (the “Company”) and no investment decision should be made based upon the information provided herein. Ryerson strongly urges you to review its filings with the Securities and Exchange Commission, which can be found at ir.ryerson.com/financial-info/sec-filings/. This site also provides additional information about Ryerson. SAFE HARBOR PROVISION Certain statements made in this presentation and other written or oral statements made by or on behalf of the Company constitute “forward - looking statements” within the meaning of the federal securities laws, including statements regarding our future performance, as well as manageme nt’ s expectations, beliefs, intentions, plans, estimates or projections relating to the future. Such statements can be identified by the use of forward-looking terminol ogy such as “believes,” “expects,” “may,” “estimates,” “will,” “should,” “plans” or “anticipates” or the negative thereof or other variations thereon or comparable ter minology, or by discussions of strategy. The Company cautions that any such forward-looking statements are not guarantees of future performance and may involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of various factors. Among the factors that significantly impact the metals distribution industry and our business are: the cyclicality of our business; the highly competitive and fragmented market in which we operate; fluctuating metal prices; our substantial indebtedness and the covenants in instruments governing such indebtedness; the integration of acquired operations; regulatory and other operational risks associated with our operations located inside and outside of the United States; work stoppages; obligations regarding certain employee retirement benefit plans; the ownership of a majority of our equity securities by a single investor group; currency fluctuations; and consolidation in the metals producer industry. Forward-looking statements should, therefore, be considered in light of various factors, including those set forth above and tho se set forth under “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2015 and in our other filings with the Securities and Exchange Commission. Moreover, we caution against placing undue reliance on these statements, which speak only as of the date they were made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events or circumstances, new information or otherwise. NON-GAAP MEASURES Certain measures contained in these slides or the related presentation are not measures calculated in accordance with generally accepted accounting principles (GAAP). They should not be considered a replacement for GAAP results. Non-GAAP financial measures appearing in these slides are identified in the footnotes. A reconciliation of these non-GAAP measures to the most directly comparable GAAP financial measures is included in the Appendix. 2 R Y E R S O N I N V E S T O R P R E S E N T A T I O N

B U S I N E S S O V E R V I E W E D D I E L E H N E R │ P R E S I D E N T A N D C H I E F E X E C U T I V E O F F I C E R R Y E R S O N I N V E S T O R P R E S E N T A T I O N

Highlights: Excellent Execution Amidst Bottoming Secular Trends • Stabilizing and improving industrial metal commodity prices Macro Environment • Pressure for secular demand improvement building as under- investment is prevalent • Proven expense and working capital management • Ryerson business model and execution building momentum Ryerson’s Execution • Market share gains • Cash generation and reducing leverage 4 R Y E R S O N I N V E S T O R P R E S E N T A T I O N

2016 Commodity Prices: Global Capacity Surplus Rebalancing Carbon Recovery With Range-Bound Nickel and Aluminum 1.300 Chg. Jun '14 vs. Chg. Dec '15 vs. CRU HRC LME Nickel Midwest Aluminum 2016 Prices Dec '15 May '16 1.200 CRU HRC (USD/st) -47% 66% LME Nickel Cash Average (USD/lb) -53% 0% 1.100 Midwest Aluminum (USD/lb) -25% 2% Price index to Jun. 2014 1.000 0.900 0.800 0.700 0.600 0.500 0.400 Source: Bloomberg 5 R Y E R S O N I N V E S T O R P R E S E N T A T I O N

PMI Trends: Slowly Improving From A Bottoming Over The Past Three Quarters U . S . M A N U F A C T U R I N G P M I 53.1 53.1 51.9 51.8 51.3 51.0 50.8 50.0 49.5 49.4 48.4 48.2 48.0 MAY-15 JUN-15 JUL-15 AUG-15 SEP-15 OCT-15 NOV-15 DEC-15 JAN-16 FEB-16 MAR-16APR-16 MAY-16 Source: Bloomberg 6 R Y E R S O N I N V E S T O R P R E S E N T A T I O N

Macro Trends: Promising Over The Longer-Term With Underinvestment Notable Since 2009 U . S . C A R B O N a n d S T A I N L E S S S T E E L S H I P M E N T S 6,000 5,500 5,000 Average Tons Jan. '93 - Oct. '08 = 4,200 Tons in Thousands 4,500 Average Tons Nov. '08 - Present = 3,200 4,000 3,500 3,000 2,500 2,000 Source: Metals Service Center Institute 7 R Y E R S O N I N V E S T O R P R E S E N T A T I O N

End Market Mix, Recovery and Growth 2 0 1 5 S A L E S M I X Shading based on Q1 2016 vs. Q1 2015 All Other tonnage change: 7% GROWING Oil & Gas 7% Commercial Ground STABLE Transportation 18% DECLINING Food Processing & Ag. 7% Construction Equipment Metal Fabrication and 8% Machine Shops 18% HVAC 8% Consumer Durable Industrial Machinery 10% and Equipment 17% 8 R Y E R S O N I N V E S T O R P R E S E N T A T I O N

A Ryerson for All Seasons with Competitive Advantages Built Around Speed, Scale, Value-Add, Culture and Analytics NATHAN NORMAN Industry-leading expense and working capital management SERVICE CENTER OPERATOR ELDRIDGE, IOWA Enhancing margins with greater value-add Building sustainable competitive advantages to fuel growth Excellent execution and market share gains Generating strong cash flows and reducing debt balances 9 R Y E R S O N I N V E S T O R P R E S E N T A T I O N

Ryerson: Scale and Network • One of North America’s largest metals processors and distributors, with 2015 sales of $3.2 billion • Approximately 100 interconnected locations in North America and China • Founded in 1842; listed on NYSE since 2014 • Distribute 65,000 products to 40,000 active customers 10 R Y E R S O N I N V E S T O R P R E S E N T A T I O N

INDUSTRY-LEADING PERFORMANCE OPERATIONAL EFFICIENCY MARGIN EXPANSION PROFITABLE GROWTH  Expense and working  Optimize product and  Leveraging scale in highly capital leadership customer mix fragmented market  Significant operating  Value-added processing  Multi-channel sales and leverage distribution platform  Value-driven pricing  Best practice talent  Investment in capabilities  Supply chain innovation, management architecture and leadership  Bolt-on acquisitions  Speed  Unleashing analytics Our culture: contributing meaningfully to our customers’ success R Y E R S O N I N V E S T O R P R E S E N T A T I O N 11

Ryerson’s DNA ANAL YTICS CULTURE SPEED VALUE-ADD SCALE 12 R Y E R S O N I N V E S T O R P R E S E N T A T I O N

Ryerson’s Differentiated Model: What Customers Value “ONE RYERSON” • Single franchise / one brand • Great customer experiences CONNECTIVITY RYERSON • Technical knowledge GEOGRAPHIC SCALE • Processing & fabrication • Service largest metals markets Leveraging Scale and to meet our customers’ needs • Logistics Integrated Network • Inventory MULTI-CHANNEL SALES • Local sales and service • Customer service prospecting centers • Ryerson.com / e-commerce 13 R Y E R S O N I N V E S T O R P R E S E N T A T I O N

Ryerson’s “Periodic Table”: How We Deliver Value to Customers FAB BURN/CUT AS IS FAB CARBON BURN/CUT STAINLESS AS IS ALUMINUM FLAT LONG PLATE METAL SHAPE PROCESSING 14 R Y E R S O N I N V E S T O R P R E S E N T A T I O N

Proven Operational Efficiency and Industry Leadership EXPENSE PERCENTAGE DAYS OF SUPPLY EXCLUDING D&A AND ONE-TIME ITEMS 20.5% 110 109 109 19.1% 106 101 17.6% 17.5% 16.5% 14.0% 84 82 82 12.9% 12.5% 80 11.9% 11.5% 75 2012 2013 2014 2015 Q1 2016 2012 2013 2014 2015 Q1 2016 Expense % excluding D&A and one-time items is a non-GAAP financial measure. Ryerson A reconciliation of this non-GAAP financial measure to the comparable GAAP measure is included in the Appendix. Competitor averages are based on Ryerson’s analysis of financial information disclosed in Competitor Averages competitors’ SEC filings. Competitor averages include Reliance Steel & Aluminum, Olympic Steel, Kloeckner Metals, Russel Metals and A.M. Castle. 15 R Y E R S O N I N V E S T O R P R E S E N T A T I O N