Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - TMS International Corp. | d526721d8k.htm |
| EX-99.1 - EX-99.1 - TMS International Corp. | d526721dex991.htm |
 First Quarter 2013
Earnings Call and Webcast
April 25, 2013
Exhibit 99.2 |
 This
presentation includes forward-looking statements within the meaning of Section 27A of the Securities
Act
of
1933,
(the
“Exchange
Act”),
as
amended,
and
Section
21E
of
the
Securities
Exchange
Act
of
1934,
as
amended, with respect to our financial condition, results of operations and
business and our expectations or beliefs concerning future events. Such
forward-looking statements include the discussions of our business
strategies, estimates of future global steel production, trends toward outsourcing
and other market metrics and our expectations concerning future operations,
margins, profitability, liquidity and capital resources, among others.
Although we believe that such forward-looking statements are reasonable, there can be no assurance
that any forward-looking statements will prove to be correct. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results, performance or
achievements
to
be
materially
different
from
any
future
results,
performance
or
achievements
expressed
or
implied by such forward-looking statements.
Certain areas of this presentation depict Revenue After Raw Materials Costs, EBITDA
and Discretionary Cash Flow, which are non-GAAP
financial measures. Revenue After Raw Materials Costs, EBITDA and
Discretionary Cash Flow are not and should not be considered alternatives to
revenues or net income or any other financial measure under U.S. GAAP. We
reconcile these measurements to GAAP in certain reports we file with the
S.E.C. pursuant to the Exchange Act, including current reports on Form 8-K that contain our
earnings releases and our quarterly and annual reports on forms 10-Q and
10-K. When
we
use
the
term
“North
America
in
this
presentation,
we
are
referring
to
the
United
States
and
Canada;
when
we
use
the
term
“International,”
we
are
referring
to
countries
other
than
the
United
States
and
Canada;
when
we
use
the
term
“Latin
America
we
are
referring
to
Mexico,
Central
America,
South
America
and the Caribbean, including Trinidad & Tobago.
Safe Harbor Provision
1
”
,” |
 2013
2012
REVENUE AFTER RAW MATERIALS COSTS ($MM)
ADJUSTED EBITDA ($MM)
First Quarter 2013 Results
REVENUE AFTER RAW MATERIALS COSTS ($MM)
ADJUSTED EBITDA ($MM)
2 |
 Operating Environment Summary
1Q 2013
1Q 2012
TMS CUSTOMERS BY REGION
TMS CUSTOMERS BY REGION
3
4Q 2012
1Q 2013 |
 MSG
Operational Highlights 4
Continued success winning contracts in targeted regions
Began Services in Poland March 1, 2013
Began Services in Poland March 1, 2013
Alabama and Mexico Update
Alabama and Mexico Update
Contract Renewals Update
Contract Renewals Update |
 5
RMOG Operational Highlights
VOLUME BY CHANNEL
NORTH AMERICA
INTERNATIONAL
AGENCY
NON-AGENCY
VOLUME BY GEOGRAPHY
REVENUE AFTER RAW
MATERIALS COSTS ($MM)
EBITDA UP 8% FROM 4
TH
QUARTER 2012 DESPITE FLAT VOLUMES |
 First Quarter
($MM)
2013
2012
% Change
Revenue After Raw Materials Costs
$155.8
$155.9
0%
Adjusted EBITDA
$38.3
$36.8
4.0%
Discretionary Cash Flow
(1)
$28.0
$29.1
(3.8)%
Growth Capital
$10.3
$25.5
Leverage Ratio
2.0x
2.1x
(1) Adjusted EBITDA less Maintenance Capital Expenditures.
First Quarter Financial Highlights
6
Continued global expansion drives year-over-year growth
|
 Concluding Remarks
7
New contract performance and continued cost management drives
solid 1Q 2013, despite challenges at some locations and lower North
American production volumes year-over-year
Revenue After Raw Materials Costs was comparable with 1Q 2012,
EBITDA up 4%
Adjusted EPS was $0.22 in 1Q 2013 comparable to 1Q 2012
Revenue After Raw Materials Costs was up 5% and EBITDA up 8%
from 4Q 2012
Pipeline of projects remains strong
Initiating quarterly dividend of $0.10 per share
Reaffirm 2013 Adjusted EBITDA Guidance of $152 - $160
MM |
 |