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NORTHEAST ASSOCIATION OF RAIL SHIPPERS MEETING

Philadelphia, PAOctober 15, 2015Rob Roberson

Corporate Logistics Manager

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NUCOR’S BEGINNINGS

Nucor’s beginnings are rooted in auto manufacturing dating back to the turn of the 20th century

Facilities 3Annual Sales $21 millionFortune rank UnrankedEmployees About 700Sales per employee $30,000

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NUCOR TODAY

Today, Nucor is North America’s largest steel producer and the largest recycler in the United States

Facilities Over 200Annual Sales $21 billionFortune rank 150Employees 24,000Sales per employee $921,000

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NUCOR TODAY

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NUCOR STEEL MILLS

Sheet Mills Castrip® Mills Plate MillsBar Mills Beam Mills Nucor Corporate Office

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Sheet 13.1 Million

Bar 9.1 MillionStructural 3.7 Million

Plate 2.9 MillionTOTAL STEEL 28.8 Million and Growing

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Annual Tons

Source: 2014 Nucor Annual Report, 2014 Fortune 500 List

PRODUCTION CAPACITY:STEEL MILLS

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Steel Joists 715,000

Steel Deck 530,000Cold Finish Bar 860,000

Buildings Group 465,000Rebar Fabrication 1,745,000Steel Mesh 128,000Grating 102,500

Fasteners 75,000TOTAL STEEL PRODUCTS 4.6 Million and Growing

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Annual Tons

Source: 2014 Nucor Annual Report, 2014 Fortune 500 List

PRODUCTION CAPACITY:STEEL PRODUCTS

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Direct Reduced Iron (DRI) 4.5 Million

Ferrous Scrap Processing 5.2 MillionTOTAL RAW MATERIALS 9.7 Million and Growing

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Annual Tons

Source: 2014 Nucor Annual Report, 2014 Fortune 500 List

PRODUCTION CAPACITY :RAW MATERIALS (IRON UNITS)

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DIVERSIFIED PRODUCT MIX

Total Tons Sold to Outside Customers in 2014

Source: 2014 Nucor Annual Report

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DIVERSIFIED PRODUCT MARKET

Shipments to Market Segments

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2008‐2013 CAPITAL INVESTED BY PRODUCT SEGMENTCapital Spending of $4.4 billion and acquisitions of $3.6 billion

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MARKET LEADERSHIP BY SIZE IN NORTH AMERICA

#2#2North AmericanMarket Leader

#3#3North AmericanMarket Leader

Structural SteelBar SteelRebar SteelHot Rolled Sheet SteelCold Finished Bar SteelRebar Fabrication, Distribution, & Placement

Sheet Steel (Hot, Cold, Galvanized)

Plate Steel

#1#1North AmericanMarket Leader

Steel JoistSteel DeckSteel Piling Distribution Metal Buildings

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NUCOR’S FOCUS:PROFITABLE EARNINGS GROWTH!!!NUCOR’S 5 PRONGED GROWTH STRATEGY

Optimize Existing Operations

Greenfield Growth

Pursue Strategic Acquisitions

Grow Internationally

Raw Material

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LEAN MANAGEMENT

Only 5 degrees of separation from CEO to front‐line teammate

Front‐line worker

Supervisor/Professional

Department Manager

General Manager

Executive Vice President/COO

President/CEO

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NUCOR’S PEOPLEOUR BIGGEST COMPETITIVE ADVANTAGE

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Steel IndustryOutlook

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DISCLAIMER STATEMENT

The following opinions are those of Rob Roberson and should not be universally accepted as the views of NucorViewer Discretion is advised

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GROSS DOMESTIC PRODUCT

Sources: International Monetary Fund (IMF), Global Insight, World Steel Association (WSA)

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GLOBAL GDP FORECASTS

India brightest spot in global outlook for 2016

GLOBAL FORECASTSGDP GROWTH 2015 2016

World 2.9% 3.4%

United States 2.5% 2.8%

Eurozone 1.5% 1.8%

China 6.8% 6.3%

Japan 0.9% 1.4%

United Kingdom 2.5% 2.5%

Brazil ‐1.6% 0.4%

Russia ‐3.3% 0.4%

Canada 1.2% 2.2%

India 7.5% 7.7%

South Korea 2.5% 3.1%

Mexico 2.4% 2.0%

Source: Kiplinger Newsletter October 2015

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Source: BEA (Bureau of Economic Analysis) for history growth rates, Global Insight for ForecastsNote: GDP % change based on chained 2000 dollar

U.S. GDP FORECASTANNUALIZED GROWTH RATE

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History Forecast

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U.S. IMPORTS FROM WORLDALL CARBON & ALLOY STEEL MILL PRODUCTS

Graph last modified as of October 6, 2015; Commerce license data used for September 2015 appears in a different color.Source: Steel Import Monitoring and Analysis (SIMA), US Department of Commerce

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YEARS TO WORK OFF EXCESS CAPACITYGlobal Steel Capacity & Demand 2014 2015 2016 2017 2018 2019

Steelmaking capacity 2,119 2,119 2,119 2,119 2,119 2,119

Effective steelmaking capacity (90% max utilization) 1,907 1,907 1,907 1,907 1,907 1,907

Apparent consumption (trend growth, 3.6%) 1,616 1,674 1,735 1,797 1,862 1,929

Excess capacity (trend demand growth) 291 233 172 110 45 -22

Apparent consumption (high growth, 5.3%) 1,643 1,730 1,822 1,918 2,020 2,127

Excess capacity (high demand growth) 264 177 86 -11

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MARKET CONDITIONS

Challenging conditions will persist for the balance of 2015 as economy continues its slow recovery led by the auto, housing and soon the non‐ residential construction sectorsDomestic competition will be relentlessImports remain a threatOvercapacity is long term problem

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MARKET SEGMENT FORECASTEND USE MARKETS 2015 VS 2014 MARKET 

TREND2016 VS 2015 MARKET 

TREND FORECASTTank CarsFreight Cars

On‐Highway Truck (Class 5‐7)On‐Highway Truck (Class 8)

On‐Highway TrailerAutomotive

Earthmoving MachineryTractors & Combines

Material Handling MachineryRoad Construction Equipment

Machinery, Industrial Equipment & ToolsGeneral Construction 

HVACAppliance / Water Heater

Power Transmission Power GenerationEnergy Pipe & Tube

Oil & Gas Infrastructure

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PARTNERING WITH OUR RAIL CARRIERS

Conquering Network Cost Inefficiencies

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THE VALUE OF PARTNERING

Our Rail Carriers are an extension of usTeam Approach to eliminating waste and taking cost out of the systemOur goal is to help you,  to help us, take care of our customersWe Do It Together!

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VALUE PROPOSITION OF RAIL

Volume shipments  Ease of loading at the millsRailcars don’t verbally complain about the length of the line

Are they loading railcars in the bay?

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