Nucor Investor Highlights

Unparalleled Industry Leadership

• Nucor is the largest and most diversified steel and steel products company in North America

• Produce roughly 1/4 of all raw steel in the U.S.

• Market leader in majority of the products we produce

• Over 10,000 customers, none representing more than 5% consolidated revenue

Highly Efficient Industrial Manufacturer

• 100% of Nucor steel produced in Electric Arc Furnaces (EAF)

• Able to rapidly flex output in response to real-time demand

• Steel made with 77% average recycled content

• Raw Material costs highly correlated to selling prices

Sustainability is a Differentiator

• GHG intensity is 60% lower than global steelmaking average (Scopes 1, 2 & 3)

• Set Net-Zero, Science Based Greenhouse Gas Targets for 2050 (Scopes 1, 2 & 3)

• Currently 20 years ahead of the Paris Climate Accord’s 1.5 degree scenario

• Pursuing new partnerships and technologies to advance our decarbonization journey

Disciplined Capital Allocation Philosophy

• Maintain strong, investment grade credit ratings – hold the highest ratings among American steel producers

• Deploy capital into attractive growth opportunities that increase shareholder value

• Return at least 40% of net earnings to shareholders

• Continue our 50+ year practice of increasing the common dividend

Focused on Long-Term Growth

• Nucor is a growth stock, with double-digit EPS CAGRs for the past 5, 10 and 20 year periods

• Our growth strategy involves shifting our product mix to higher-margin products and pursuing new steel-adjacent businesses with higher growth potential

• We will grow the company while staying true to our 50+ year heritage, putting the safety, health and well-being of our teammates above all else

Quick Facts

Operational Highlights

26 U.S.-based steel mills with ~30M tons annual steelmaking capacity

100+ steel products fabrication centers across North America

Vertically integrated raw materials segment with ~10M tons of annual DRI and scrap recycling capacity

Largest recycler of any product in North America

32,000 skilled and highly efficient teammates

Steel-intensive mega trends support incremental demand over the next decade

Financial Highlights (2020-2023)

$31B

Cumulative EBITDA

$19B

Cumulative Free Cash Flow

<25%

Total Debt/Capitalization

$9.7B

Cumulative Returns to Shareholders

Over 50 years

of consecutive dividend increases

A-, A-, Baa1

Sr. Unsecured Credit Ratings from S&P, Fitch and Moody’s, respectively

Mission Statement

Grow the Core

Build on our cost leadership position to grow market share, enhance capabilities and shift product mix to more value-added end products

Expand Beyond

Pursue new platforms with attractive growth and margin profiles in steel-adjacent businesses

Live Our Culture

Stay true to our 50+ year heritage of engaging and empowering teammates to deliver world class results, while putting the safety, health and well-being of our teammates above all else