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