Transcript Slide 1

2014 Global Metals, Mining & Steel Conference
MAY 13, 2014
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Forward-Looking Statements
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Certain statements made in this presentation are forward-looking statements that involve
risks and uncertainties. The words “believe,” “expect,” “project,” “will,” “should,” “could”
and similar expressions are intended to identify those forward-looking statements. These
forward-looking statements reflect the Company’s best judgment based on current
information, and although we base these statements on circumstances that we believe to
be reasonable when made, there can be no assurance that future events will not affect the
accuracy of such forward-looking information. As such, the forward-looking statements are
not guarantees of future performance, and actual results may vary materially from the
projected results and expectations discussed in this report. Factors that might cause the
Company’s actual results to differ materially from those anticipated in forward-looking
statements include, but are not limited to: (1) the sensitivity of the results of our operations
to prevailing steel prices and changes in the supply and cost of raw materials, including
pig iron, iron ore and scrap steel; (2) availability and cost of electricity and natural gas
which could negatively affect our cost of steel production or could result in a delay or
cancellation of existing or future drilling within our natural gas working interest drilling
programs; (3) critical equipment failures and business interruptions; (4) market demand for
steel products, which, in the case of many of our products, is driven by the level of
nonresidential construction activity in the U.S.; (5) competitive pressure on sales and
pricing, including pressure from imports and substitute materials; (6) impairment in the
recorded value of inventory, equity investments, fixed assets, goodwill or other long-lived
assets; (7) uncertainties surrounding the global economy, including the severe economic
downturn in construction markets and excess world capacity for steel production;
(8) fluctuations in currency conversion rates; (9) U.S. and foreign trade policy affecting
steel imports or exports; (10) significant changes in laws or government regulations
affecting environmental compliance, including legislation and regulations that result in
greater regulation of greenhouse gas emissions that could increase our energy costs and
our capital expenditures and operating costs or cause one or more of our permits to be
revoked or make it more difficult to obtain permit modifications; (11) the cyclical nature of
the steel industry; (12) capital investments and their impact on our performance; and
(13) our safety performance.
NET INCOME
(Millions of dollars)
$1,700
$1,200
$700
$200
2000
-$300
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2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
NUCOR’S GROWTH DRIVEN BY
OUR POSITION OF STRENGTH
• FINANCIAL
STRENGTH
• LOW COST STRUCTURE
• FLEXIBLE & RELIABLE PRODUCTION
• PRODUCT BREADTH
• MARKET LEADERSHIP
• OUR CULTURE
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FINANCIAL STRENGTH

Strong cash flow generation
through the cycle

Investment grade credit rating
(only North American steel producer with this
competitive advantage)
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
Conservative Financial
Practices

No Material Legacy Liabilities
Financial Strength
Cash From Operations 2000-2013 (millions of dollars)
Cyclical Trough To Cyclical Trough
More than 2X
$2,400
Average ’09-’13
$1.1 Billion
$1,800
Average ’01-’03
$495 million
$1,200
$600
$0
2000
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2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
LOW COST STRUCTURE =
INDUSTRY LEADING RETURNS
Average ROIC 2004-2013
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15.5%
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13.6%
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12
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ArcelorMittal
8
6
U.S. Steel
7.1%
Steel Dynamics
5.9%
Nucor
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2
0
ArcelorMittal
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U.S. Steel
Steel Dynamics
Nucor
FLEXIBLE CAPACITY
 Electric arc
furnaces
 High productivity
 No lay-off practice
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BEST-IN-CLASS
MARKET RESPONSIVENESS!!!
Making Steel for 29 Days without Power.
Now that’s Reliability.
At Nucor, we respect that our customers rely on us.
So when a tornado knocked out power to our Decatur mill for 29 days, we refused to let a
natural disaster affect our customers. Immediately, we informed every customer
about what happened, and assured them that our sister mills would fill their orders.
While they produced the steel, the rest of our teammates got the mill running
and donated time to rebuilding the community.
Then 29 days later, the power came back on and illuminated what we accomplished.
Our customers received their steel to spec and on time.
Exactly what our customers expect, tornado or no tornado.
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Nucor Steel Decatur
DIVERSIFIED PRODUCT MIX
2013 Sales Tons
Sheet - 32%
Bars - 22%
Structural - 11%
Plate - 10%
Products - 11%
Scrap - 14%
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MARKET LEADERSHIP
BY SIZE IN NORTH AMERICA
Structural Steel
#1
North American
Market Leader
Bar Steel
Rebar Steel
Cold Finished Bar Steel
Steel Joist
Steel Deck
Rebar Fabrication, Distribution, & Placement
Steel Piling Distribution
Metal Buildings
#2
North American
Market Leader
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Plate Steel
#3
North American
Market Leader
Sheet Steel
NUCOR’S PEOPLE –
OUR BIGGEST COMPETITIVE ADVANTAGE
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BUILDING EARNINGS POWER
FOR THE NEXT UP-CYCLE
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GROWING NUCOR’S EARNINGS POWER
LOUISIANA DRI FACILITY
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GROWING NUCOR’S EARNINGS POWER
LOUISIANA DRI FACILITY
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GROWING NUCOR’S EARNINGS POWER
WIDE-LIGHT PROJECT
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GROWING NUCOR’S EARNINGS POWER
HEAT TREAT & NORMALIZED PLATE
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GROWING NUCOR’S EARNINGS POWER
SHEET PILING PRODUCT EXPANSION
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NUCOR’S BEST YEARS
ARE STILL AHEAD OF US
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GREAT CHALLENGES PRESENT
GREAT OPPORTUNITIES TO THE
RIGHT PEOPLE – THE NUCOR TEAM
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