Reliance Steel & Aluminum : Investor Presentation - September 2020

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This presentation contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, discussions of Reliance's industry, end markets, business strategies and expectations concerning future demand and metals pricing and the Company's results of operations, margins, profitability, impairment charges, taxes, liquidity, litigation matters and capital resources. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "preliminary," "range" and "continue," the negative of these terms, and similar expressions.

These forward-looking statements are based on management's estimates, projections and assumptions as of today's date that may not prove to be accurate. Forward-looking statements involve known and unknown risks and uncertainties and are not guarantees of future performance. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements as a result of various important factors, including, but not limited to, actions taken by us, including restructuring or cash-preservation initiatives, as well as developments beyond our control, including, but not limited to, the impact of COVID-19 and changes in worldwide and U.S. economic conditions that materially impact our customers and the demand for our products and services. The extent to which the COVID-19 pandemic will continue to negatively impact our operations will depend on future developments which are highly uncertain and cannot be predicted, including the duration of the outbreak, new information which may emerge concerning the severity or duration of the COVID-19 pandemic, the actions taken to control the spread of COVID-19 or treat its impact, and changes in worldwide and U.S. economic conditions. Further deteriorations in economic conditions, as a result of COVID-19 or otherwise, could lead to a further or prolonged decline in demand for our products and services and negatively impact our business, and may also impact financial markets and corporate credit markets which could adversely impact our access to financing, or the terms of any financing. We cannot at this time predict the extent of the impact of the COVID-19 pandemic and resulting economic impact, but it could have a material adverse effect on our business, financial position, results of operations and cash flows. Other factors which could cause actual results to differ materially from our forward- looking statements include those disclosed in reports Reliance has filed with the United States Securities and Exchange Commission (the "SEC"). As a result, these statements speak only as of the date that they are made, and Reliance disclaims any and all obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Important risks and uncertainties about Reliance's business can be found in "Item 1A. Risk Factors" of the Company's Annual Report on Form 10-K for the year ended December 31, 2019, as updated in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 and in other documents Reliance files or furnishes with the SEC.

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F O U N D E D I N

L O C AT I O N S

Y E A R S O F

O P E R AT I O N A L

E XC E L L E N C E

M E TA L P R O D U C T S

C U S TO M E R S

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Performance Summary

• Net sales of $2.02 billion

• 19.6% year-over-year decline in tons sold as a

result of customer shut-downs and project

delays attributable to COVID-19

• Strong and resilient business model

• Gross profit margin of 30.4% surpassed

estimated sustainable range of 28% to 30%

• Improved 0.8% year-over-year on a non-GAAP

basis despite decline in net-sales

• Strong non-GAAP pretax income of $112.4 million

• Reacted quickly to rapidly changing business

Net Sales ($ billions)

$2.88

$2.57

$2.02

Q2 2019

Q1 2020

Q2 2020

Pretax Income ($ millions)

$245.8 $247.0

$220.6

Gross Profit Margin

31.9%

30.3%

30.4% 30.4%

29.6% 29.6%

Q2 2019

Q1 2020

Q2 2020

EPS

$2.69 $2.71

$2.45

conditions from COVID-19 by reducing SG&A

expense 17.5% year-over-year

• GAAP EPS of $1.24; non-GAAP EPS of $1.36

$83.1

$102.0 $112.4

$1.24 $1.36

$0.92

• Generated significant cash flow from operations of

$475.7 million, up 37.5% year-over-year

Q2 2019

Q1 2020

Q2 2020

Q2 2019

Q1 2020

Q2 2020

GAAP Non-GAAP(1)

(1) NON-GAAP AMOUNTS EXCLUDE IMPAIRMENT AND RESTRUCTURING CHARGES AND NON-RECURRING SETTLEMENT CHARGES, NET OF TAX, WHICH ARE RECONCILED IN THE COMPANY'S Q2 2020 EARNINGS PRESS RELEASE ISSUED ON JULY 23, 2020.	4