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Ferrexpo2013 ANNUAL REPORT GROWING OUR FAMILY RELIANCE STEEL & ALUMINUM CO. Selected Consolidated Financial Data In millions, other than per share data Year Ended December 31, 2013 2012 2011 2010 2009 Income Statement Data: Net sales Cost of sales (exclusive of depreciation and amortization expense included in operating expenses) Gross profit(1) Operating expenses(2) Operating Income Other income (expense): Interest Expense Other income (expense), net Income before income taxes Provision for income taxes Net income Less: Net income attributable to non controlling interests $9,223.8 $8,442.3 $8,134.7 $6,312.8 $5,318.1 6,826.2 6,235.4 6,148.7 4,727.9 3,918.6 2,397.6 2,206.9 1,986.0 1,584.9 1,399.5 1,845.7 1,547.7 1,413.2 1,224.2 1,149.1 551.9 659.2 572.8 360.7 250.4 (77.5) (58.4) (59.8) (61.2) (67.5) 3.9 8.6 478.3 153.6 324.7 3.1 609.4 201.1 408.3 4.8 (1.4) 511.6 162.4 349.2 5.4 (3.0) 296.5 98.6 197.9 3.5 12.6 195.5 46.3 149.2 1.0 Net income attributable to Reliance $321.6 $403.5 $343.8 $194.4 $148.2 Earnings Per Share: Net income per share attributable to Reliance shareholders - diluted Net income per share attributable to Reliance shareholders - basic Weighted average common shares outstanding - diluted Weighted average common shares outstanding - basic $4.14 $4.19 77.6 76.8 $5.33 $5.36 75.7 75.2 $4.58 $4.60 75.0 74.8 $2.61 $2.62 74.5 74.2 $2.01 $2.02 73.7 73.4 Other Data: Cash flow from operations Capital Expenditures Cash dividends per share Balance Sheet Data (December 31): Working capital Total assets Long-term debt(3) $633.3 $601.9 $234.8 $214.1 $943.0 168.0 214.0 156.4 111.4 1.26 0.80 0.48 0.40 69.9 0.40 $2,165.5 $1,699.2 $1,698.3 $1,192.3 $973.3 7,341.0 5,857.7 5,605.9 4,668.9 4,306.8 2,072.5 1,124.0 1,320.5 857.8 852.6 Reliance shareholders’ equity 3,874.6 3,558.4 3,143.9 2,823.7 2,606.4 (1) Gross profit, calculated as net sales less cost of sales, is a non-GAAP financial measure as it excludes depreciation and amortization expense associated with the corresponding sales. The majority of our orders are basic distribution with no processing services performed. For the remainder of our sales orders, we perform “first-stage” processing, which is generally not labor intensive as we are simply cutting the metal to size. Because of this, the amount of related labor and overhead, including depreciation and amortization, are not significant and are excluded from our cost of sales. Therefore, our cost of sales is primarily comprised of the cost of the material we sell. We use gross profit as shown above as a measure of operating performance. Gross profit is an important operating and financial measure, as fluctuations in gross profit can have a significant impact on our earnings. Gross profit, as presented, is not necessarily comparable with similarly titled measures for other companies. (2) Operating expenses include warehouse, delivery, selling, general and administrative expenses, depreciation and amortization expense, and impairment charge. (3) Includes the long-term portion of capital lease obligations. WE ARE A DIVERSE FAMILY OF COMPANIES. WITH EACH NEW MEMBER COMES NEW VALUE. Delivering exceptional results with our broad expertise and deep resources. Building and maintaining strong partnerships in local markets and communities. Striving to create a working environment that makes our employees proud. Innovating solutions to fit customers’ specific needs. Acquiring successful companies that share our values and culture. Committed to product and end-market diversity. Providing the highest quality of service. Always seeking opportunities to improve. Through the years, the companies we have acquired have helped us to meet our continuing goal of being not just the biggest, but the best. These are the (not-so) secrets to our success. G ROW I N G OU R FA M ILY 1 METALS USA METALS USA, once a Reliance competitor, is now one of Reliance’s largest wholly-owned subsidiaries and represents a significant accomplishment in our strategy of growth by acquisition. Along with increasing our overall presence in the industry, the addition of Metals USA’s 44 metals service centers in the United States allows us to operate a stronger and more unified national network, through which we can better serve and more efficiently provide various industries their value-added metals needs. STRENGTHENED GEOGRAPHIC DIVERSITY 2 REL I A N CE ST EEL & A LU M I N U M CO. G ROW I N G OU R FA M ILY 3 EARLE M. JORGENSEN COMPANY EARLE M. JORGENSEN COMPANY (EMJ) started as Jorgensen Steel and Aluminum in 1921 and quickly grew to stock one of the country’s largest inventories of bar, sheet, plate, structural steel and aluminum. Over the years, they expanded to become a premier supplier of specialty long products. Acquired in 2006, the addition of EMJ allowed Reliance to broaden its line of product and service offerings. EMJ’s 35 U.S. locations reinforce our domestic presence, while its Canada and Malaysia operations diversify our overall geographic footprint. 4 REL I A N CE ST EEL & A LU M I N U M CO. G ROW I N G OU R FA M ILY 5 EXPANDED PRODUCT DIVERSITY PRECISION STRIP, INC. PRECISION STRIP, INC. is now one of the world’s leading toll processors, with over 1,000 employees, 11 facilities operating in 3,000,000 square feet of building space, and a fleet of over 300 tractor-trailers. With this acquisition in 2003, Reliance gained access to new industries—including automotive, appliance, industrial products, and beverage can—without the risk of stocking a large metals inventory, and solidified our position in the Midwest. BROADENED INDUSTRY DIVERSITY 6 REL I A N CE ST EEL & A LU M I N U M CO. G ROW I N G OU R FA M ILY 7 SHAREHOLDER LETTER TO OUR SHAREHOLDERS: In spite of difficult market conditions that persisted throughout the year, our strong performance in 2013 was a testament to our operational excellence coupled with our ability to consistently execute on our growth strategies. Overall, demand in 2013 ended up essentially flat compared to 2012, though we did see momentum building in the second half of the year. Reliance’s tons sold on a same-store basis increased approximately 1% in 2013. Including the impact of acquisitions, total tons sold increased significantly resulting in net sales of $9.2 billion in 2013, an increase of 9.3% over the prior year. Market pricing had a significant impact on our profitability. Our average selling price per ton sold was down 10% from the prior year, resulting in lower earnings for the current year despite the higher levels of net sales. However, strong performance by our managers in the field resulted in gross profit margins holding relatively steady in 2013 versus 2012. This consistent execution reflects our commitment to remaining highly focused on managing all aspects of the business that are within our control, which continues to mitigate much of the impact of the challenging pricing environment. Based on MSCI data, Reliance continued to surpass the broader metals service center industry, due mainly to sales from our acquisitions as well as a slow but steady recovery in demand. Reliance’s outperformance of the metals service center industry is further evidence of our ability to augment organic growth with strategic acquisitions along with our excellent track-record of operational and financial excellence and our commitments to safety, employee satisfaction, and customer service. Our success in 2013 was also due in part to our exposure to higher-growth industries, such as commercial aerospace, energy and automotive. The specialty products and processes required in these industries command higher average selling prices and helped improve our overall profitability. Of note, our automotive end-market, which we support mostly through our toll processing operations in the U.S. and Mexico, was one area of our business that exhibited particular strength in 2013. acquisition to-date. Metals USA added 44 strategically located service centers across the United States, complementing our customer base, product mix, and geographic footprint. The transaction was immediately accretive to our bottom-line results and provided us the opportunity to identify certain areas where we could rationalize facilities, reducing our overall costs, and allowing us to more efficiently service our customers. The level of support and cooperation exhibited between existing Reliance companies and the newly acquired Metals USA operations has been fantastic and we are extremely pleased with the progress we have made by integrating Metals USA into the Reliance family of companies. In November, we acquired Haskins Steel Co., Inc., a processor and distributor of primarily carbon steel and aluminum products of various shapes and sizes to a diverse customer base in the Pacific Northwest. Haskins, headquartered in Spokane, Washington, will enhance our penetration into this important geographic region. One of the most important highlights of 2013 was the completion of the Metals USA Holdings Corp. acquisition in April for a purchase price of $1.25 billion, our largest Since our IPO in 1994, we have completed a total of 56 acquisitions. Today, we are the largest metals service center company in North America with significant potential for continued growth in a highly fragmented industry. Our acquisition strategy supports our ability to profitably grow Reliance, even when faced with economic and cyclical headwinds. Going forward, acquisitions will remain an important element of our overall growth strategy. We expect to continue to be a consolidator in our highly fragmented industry by making strategic acquisitions of well-managed metals service centers and processors with end-market exposure that supports our diversification strategy. Our balance sheet remains strong, providing us ample flexibility to leverage potential future growth opportunities through both internal investments and acquisitions. After funding our acquisition of Metals USA, including the issuance of $500 million of 4.5% ten-year senior notes, we used excess cash to pay down $330 million of debt in 2013. We will continue to take a balanced approach to debt reduction while still supporting our working capital needs, investing in capital expenditures, and paying our quarterly dividend. Our 2013 cash flow from operations was over $633 million due to solid working capital management, which helped to fund our capital expenditures of $168 million, the majority of which was spent on growth activities. $8,134.7 $8,442.3 $9,223.8 $403.5 $343.8 $321.6 $6,312.8 $5,318.1 $194.4 $148.2 $4.58 $5.33 12% 13% $2.61 $2.01 $4.14 8% 6% 9% 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 NET SALES (IN MILLIONS) NET INCOME (IN MILLIONS) EARNINGS PER SHARE (DILUTED) RETURN ON EQUITY 8 REL I A N CE ST EEL & A LU M I N U M CO. G ROW I N G OU R FA M ILY 9 v SALES AND LOCATIONS GEOGRAPHIC PRESENCE INTERNATIONAL STATES Gregg J. Mollins President and Chief Operating Officer, Karla R. Lewis Executive Vice President and Chief Financial Officer, David H. Hannah Chairman of the Board and Chief Executive Officer SALES BY COMMODITY SALES BY REGION Australia Belgium Canada China Malaysia Mexico Singapore South Korea Turkey The U.A.E. Alabama Arizona Arkansas California Colorado Kentucky Louisiana Maryland New York North Carolina Ohio Massachusetts Oklahoma Michigan Oregon Connecticut Minnesota Pennsylvania Florida Georgia Idaho Illinois Mississippi South Carolina Missouri Montana Nevada Tennessee Texas Utah United Kingdom Indiana New Hampshire Virginia Iowa Kansas New Jersey Washington New Mexico Wisconsin Concurrent with our acquisition and organic growth strategies, we have consistently returned capital to shareholders through quarterly cash dividends. Reliance has paid common stock dividends for 54 consecutive years, including consecutive quarterly dividends since December 13, 1994, and we have increased our dividend 21 separate times since 1994. Reliance paid cash dividends totaling $1.26 per share in 2013, an increase of 57.5% compared to 2012. In addition to providing investors with a consistently increasing dividend, the performance of our stock price has been exceptional, with a compound annual growth rate of nearly 18% in stock value from our 1994 IPO through December 2013. Looking ahead, we expect 2014 will be a milestone year for Reliance as we celebrate our 75th anniversary as well as our 20th year as an NYSE listed public company. We continue to look to grow our family of companies and believe Reliance is well-positioned to take full yet disciplined advantage of any and all opportunities that may arise. The major industries that we support are continuing to improve and we will make every effort to grow our business with them. Our management teams and employees in the field have a proven track record of growing their businesses profitably. We are excited about the future and want to thank our shareholders, employees, customers and suppliers for their continued support. David H. Hannah, Chairman of the Board and Chief Executive Officer Gregg J. Mollins, President and Chief Operating Officer Karla R. Lewis, Executive Vice President and Chief Financial Officer Midwest 28% Southeast 18% SALES BY PRODUCT Carbon steel plate Carbon steel structurals Carbon steel tubing Carbon steel bar Hot rolled steel sheet & coil Galvanized steel sheet & coil Cold rolled steel sheet & coil Aluminum bar & tube Heat treated aluminum plate West/Southwest 18% Common alloy aluminum sheet & coil Common alloy aluminum plate Heat treated aluminum sheet & coil California 10% Stainless steel bar & tube Northeast 7% Mid-Atlantic 6% International 6% Pacific Northwest 4% Mountain 3% Stainless steel sheet & coil Stainless steel plate Alloy bar, rod & tube Alloy plate, sheet & coil Miscellaneous, including brass, copper & titanium Toll processing of aluminum, carbon and stainless steel 12% 10% 9% 8% 7% 4% 3% 5% 4% 4% 1% 1% 7% 5% 2% 9% 1% 6% 2% Carbon steel 53% Aluminum 15% Stainless steel 14% Alloy 10% Other 6% Toll processing 2% 10 REL I A N CE ST EEL & A LU M I N U M CO. G ROW I N G OU R FA M ILY 1 1 Selected Consolidated Financial Data Amounts in millions other than per share data Year Ended December 31, 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 Income Statement Data: (1) Net sales Operating income(2) Net income attributable to Reliance Pretax income(3) Income taxes Weighted average shares outstanding - diluted(4), (5) Balance Sheet Data: Current assets Working capital Net fixed assets Total assets Current liabilities Long-term debt(6) Total Reliance shareholders’ equity Per Share Data: (4) Earnings - diluted Dividends Book value(7) Ratio Analysis: $9,223.8 $8,442.3 $8,134.7 $6,312.8 $5,318.1 $8,718.8 $7,255.7 $5,742.6 $3,367.1 $2,943.0 $1,882.9 551.9 321.6 478.3 153.6 659.2 403.5 609.4 201.1 572.8 343.8 511.6 162.4 360.7 194.4 296.5 98.6 250.4 148.2 195.5 46.3 853.0 482.8 766.6 282.9 723.5 408.0 654.7 246.4 627.4 354.5 571.4 216.6 363.5 205.4 342.0 127.8 303.7 169.7 279.2 100.2 77.8 34.0 53.9 20.8 77.6 75.7 75.0 74.5 73.7 73.6 76.1 73.6 66.2 65.4 63.7 $2,738.9 $2,277.4 $2,274.7 $1,700.9 $1,390.9 $2,302.4 $1,721.4 $1,675.4 $847.3 $733.2 $544.6 2,165.5 1,603.9 7,341.0 573.4 2,072.5 3,874.6 1,699.2 1,240.7 5,857.7 578.2 1,124.0 3,558.4 1,698.3 1,105.5 5,605.9 576.4 1,320.5 3,143.9 1,192.3 1,025.3 4,668.9 508.6 857.8 2,823.7 973.3 981.3 1,652.2 1,121.5 1,124.7 998.7 824.6 742.7 513.5 479.7 458.5 458.8 341.8 466.9 4,306.8 5,195.5 3,983.5 3,614.2 1,769.1 1,563.3 1,369.4 417.6 852.6 2,606.4 650.2 1,675.6 2,431.4 599.9 1,013.3 2,106.2 550.7 1,088.1 1,746.4 333.8 306.8 1,029.9 274.7 380.9 822.6 202.8 469.3 647.6 $4.14 $1.26 $5.33 $0.80 $4.58 $0.48 $2.61 $0.40 $49.99 $46.82 $41.92 $37.83 $2.01 $0.40 $6.56 $0.40 $5.36 $0.32 $4.82 $0.22 $3.10 $0.19 $2.60 $0.13 $0.53 $0.12 $35.34 $33.17 $28.12 $23.07 $15.56 $12.59 $10.05 Return on Reliance shareholders’ equity(8) Current ratio Net debt-to-total capital ratio(9) Gross profit margin(10) Operating income margin(2) Pretax income margin(3) Net income margin - Reliance 9.0% 4.8 34.3% 26.0% 6.0% 5.2% 3.5% 12.8% 3.9 23.8% 26.1% 7.8% 7.2% 4.8% 12.2% 3.9 28.4% 24.4% 7.0% 6.3% 4.2% 7.5% 3.3 23.5% 25.1% 5.7% 4.7% 3.1% 6.1% 3.3 25.6% 26.3% 4.7% 3.7% 2.8% 22.9% 3.5 41.4% 24.8% 9.8% 8.8% 5.5% 23.4% 2.9 32.4% 25.3% 10.0% 9.0% 5.6% 27.3% 3.0 37.6% 26.3% 10.9% 10.0% 6.2% 25.0% 2.5 23.8% 27.3% 10.8% 10.2% 6.1% 26.2% 2.5 33.6% 28.3% 10.3% 9.5% 5.8% 5.6% 2.7 43.1% 27.1% 4.1% 2.9% 1.8% 1) The portion of American Steel’s earnings attributable to our 49.5% partner is included in non-controlling interests through December 31, 2005. On January 3, 2006 (7) Book value per share is calculated as Reliance shareholders’ equity divided by number of common shares outstanding as of December 31 of each year. we acquired our partner’s interest, increasing our ownership to 100%. (8) Return on Reliance shareholders’ equity is based on the beginning of year equity amount, except for 2006 which is adjusted for a 2006 acquisition using $360.5 million of (2) Operating income represents net sales less cost of sales, warehouse, delivery, selling, general and administrative expenses, and depreciation and amortization expense. Certain reclassifications were made to 2007 and prior years to include amortization expense in the calculation of Operating income. In 2012 and 2013, the calculation of Operating income also includes impairment charges. common stock as consideration. (9) Net debt-to-total capital ratio is calculated as total debt (net of cash) divided by Reliance shareholders’ equity plus total debt (net of cash). (10) Gross profit, calculated as net sales less cost of sales, and gross profit margin, calculated as gross profit divided by net sales, are non-GAAP financial measures as (3) The adoption of accounting rule changes in 2009 affected the presentation of non-controlling interests. Prior year pretax income and margin amounts have been they exclude depreciation and amortization expense associated with the corresponding sales. The majority of our orders are basic distribution with no processing retrospectively adjusted to conform to the current presentation. services performed. For the remainder of our sales orders, we perform “first-stage” processing which is generally not labor intensive as we are simply cutting the (4) Amounts have been retrospectively adjusted to reflect the July 2006 2-for-1 stock split. Per share amounts based upon weighted average shares are on a diluted basis. metal to size. Because of this, the amount of related labor and overhead, including depreciation and amortization, is not significant and is excluded from our cost of (5) 2006 includes the issuance of approximately 9 million shares related to an acquisition. (6) Long-term debt includes the long-term portion of capital lease obligations. sales. Therefore, our cost of sales is primarily comprised of the cost of the material we sell. Gross profit margin is an important operating and financial measure, as fluctuations in our gross profit margin can have a significant impact on our earnings. Gross profit margin, as presented, is not necessarily comparable with similarly titled measures for other companies. 1 2 REL I A N CE ST EEL & A LU M I N U M CO. G ROW I N G OU R FA M ILY 1 3 OUR TRUE FAMILY. RELIANCE VALUES THE UNIQUE AND DIVERSE SKILLS, KNOWLEDGE, AND IDEAS AMONG OUR EMPLOYEES. YOUR COMBINED STRENGTHS MAKE US THE INDUSTRY LEADER, AND WE THANK YOU FOR BEING THE ROOTS OF OUR SUCCESS. RELIANCE FAMILY OF COMPANIES: Affiliated Metals | Allegheny Steel Distributors, Inc. | Aluminum and Stainless, Inc. | American Metals Corporation | AMI Metals, Inc. | Bralco Metals | CCC Steel, Inc. | Central Plains Steel Co. | Chapel Steel Corp. | Chatham Steel Corporation | Clayton Metals, Inc. | Continental Alloys & Services, Inc. | Crest Steel Corporation | Delta Steel, Inc. | Diamond Manufacturing Company | Durrett Sheppard Steel Co., Inc. | Earle M. Jorgensen Company | Everest Metals (Suzhou) Co., Ltd. | Feralloy Corporation | Infra-Metals Co. | Liebovich Bros., Inc. | MetalCenter | Metals USA, Inc. | Metalweb Limited | National Specialty Alloys, Inc. | Olympic Metals | Pacific Metal Company | PDM Steel Service Centers, Inc. | Phoenix Metals Company | Precision Flamecutting and Steel, Inc. | Precision Strip, Inc. | Reliance Aerospace Solutions | Reliance Metalcenter | Reliance Metalcenter Asia Pacific Pte. Ltd. | Reliance Metals Canada Limited | Reliance Steel Company | Service Steel Aerospace Corp. | Siskin Steel & Supply Company, Inc. | Sugar Steel Corporation | Sunbelt Steel Texas, Inc. | Toma Metals, Inc. | Tube Service Co. | Valex Corp. | Viking Materials, Inc. | Yarde Metals, Inc. 1 4 REL I A N CE ST EEL & A LU M I N U M CO. Anthony Gonzales, Earle M. Jorgensen Company Left: Mark Mescher and Roger Ungruhn of Precision Strip, Inc. setting up guide wheels on the oscillate slitting line. Right top: Kenneth Mutin of Metals USA setting up beams on the de-flange burning machine. Right bottom: Julio Bernal, Earle M. Jorgensen Company Antonio Banks of Metals USA unloading a finished cut part off the plasma table using a vacuum lift. Left: Ernie Melendez, Earle M. Jorgensen Company Right top: Brad Riebow of Metals USA cutting the scrap away from finished cut parts off of the plasma table. Right bottom: Frank Murray, Earle M. Jorgensen Company RELIANCE LOCATIONS RELIANCE DIVISIONS Affiliated Metals Salt Lake City, UT 801-363-1711 Bralco Metals Los Angeles, CA Headquarters 714-736-4800 Albuquerque, NM 505-345-0959 Dallas, TX 972-276-2676 Phoenix, AZ 602-252-1918 Seattle, WA 253-395-0614 Wichita, KS 316-838-9351 Central Plains Steel Co. Wichita, KS 316-636-4500 MetalCenter Los Angeles, CA 562-944-3322 Olympic Metals Denver, CO 303-286-9700 Tube Service Co. Los Angeles, CA Headquarters 562-695-0467 Denver, CO 303-321-9200 Phoenix, AZ 602-267-9865 Portland, OR 503-944-5420 San Diego, CA 619-579-3011 San Jose, CA 408-946-5500 SUBSIDIARIES Allegheny Steel Distributors, Inc. Pittsburgh, PA 412-767-5000 Aluminum and Stainless, Inc. Lafayette, LA Headquarters 337-837-4381 New Orleans, LA 504-586-9191 American Metals Corporation Portland, OR Corporate Office 503-651-6700 Reliance Aerospace Solutions Cypress, CA 714-503-3204 Reliance Metalcenter Colorado Springs, CO 719-390-4911 Fresno, CA 559-266-0881 Sacramento, CA 916-371-7700 Dallas, TX 817-640-7222 Oakland, CA 510-476-4400 Phoenix, AZ 602-275-4471 Salt Lake City, UT 801-974-5300 San Antonio, TX 210-661-2301 San Diego, CA 619-263-2141 Reliance Steel Company Albuquerque, NM 505-247-1441 Los Angeles, CA 323-583-6111 American Steel A Division of American Metals Corporation Portland, OR 503-651-6700 Seattle, WA 253-437-4080 Lampros Steel A Division of American Metals Corporation Portland, OR 503-285-6667 Haskins Steel Co., Inc. A Subsidiary of American Metals Corporation Spokane, WA 509-535-0657 AMI Metals, Inc. Nashville, TN Corporate Office 615-377-0400 Fort Worth, TX 817-831-9586 Los Angeles, CA 909-429-1336 Seattle, WA 253-735-0181 St. Louis, MO 636-946-9492 Swedesboro, NJ 856-241-9180 Wichita, KS 316-945-7771 AMI Metals Aero Services Ankara Havacılık Anonim Sirketi A Subsidiary of AMI Metals, Inc. Ankara, Turkey 90 312 812 20 20 AMI Metals Europe SPRL A Subsidiary of AMI Metals, Inc. Gosselies, Belgium 32 71 37 67 99 Lyon, France Sales Office 33 474 722 096 AMI Metals UK Limited A Subsidiary of Reliance Metals UK Holding Limited—Holding Company Milton Keynes, United Kingdom 44 845 853 6149 Bralco Metals (Australia) Pty Ltd Melbourne, Australia 61 3 9310 5566 CCC Steel, Inc. Los Angeles, CA 310-637-0111 IMS Steel Co. A Division of CCC Steel, Inc. Salt Lake City, UT 801-973-1000 Chapel Steel Corp. Philadelphia, PA Corporate Office 610-705-0477 Birmingham, AL 205-781-0317 Chicago, IL 815-937-1970 Houston, TX 713-462-4449 Portland, OR 503-228-3355 Philadelphia, PA 610-705-0477 Chapel Steel Canada, Ltd. A Subsidiary of Reliance Metals Canada Holding Limited – Holding Company Hamilton, Ontario, Canada 289-780-0570 Chatham Steel Corporation Savannah, GA Headquarters 912-233-4182 Birmingham, AL 205-791-2261 Columbia, SC 803-799-8888 Durham, NC 919-682-3388 Orlando, FL 407-859-0310 Clayton Metals, Inc. Chicago, IL Headquarters 630-860-7000 Los Angeles, CA 562-921-7070 Newark, NJ 973-588-1100 Continental Alloys & Services, Inc. Houston, TX Headquarters 281-376-9600 Lafayette, LA 888-579-9311 Continental Valve & Fittings A Division of Continental Alloys & Services, Inc. Brownsville, TX 956-838-0516 Mobile, AL 251-602-5421 Continental Alloys & Services, Inc. A Subsidiary of Reliance Metals Canada Holding Limited— Holding Company Calgary, Alberta, Canada 403-216-5150 Continental Alloys & Services (Malaysia) Sdn. Bhd. A Subsidiary of Continental Alloys & Services, Pte. Ltd. Senai, Johor, Malaysia 6 07 599 9975 Continental Alloys & Services, S. de R.L. de C.V. A Subsidiary of Continental Alloys & Services, Inc. Monterrey, Mexico 281-376-9600 Continental Alloys & Services Ltd. A Subsidiary of Reliance Metals UK Holding Limited— Holding Company Aberdeenshire, Scotland 44 1779 480 420 Brechin, Scotland 44 1356 625 515 Continental Alloys & Services Pte. Ltd. A Subsidiary of Reliance Asia Holding Pte. Ltd.—Holding Company Jurong, Singapore 65 6863 3698 Continental Alloys Middle East FZE A Subsidiary of Reliance Steel & Aluminum Co. Dubai, United Arab Emirates 971 4 8809770 Crest Steel Corporation Cypress, CA Corporate and Sales Office 714-822-5222 Phoenix, AZ 480-968-6156 Riverside, CA 951-727-2600 Delta Steel, Inc. Houston, TX Corporate Office 713-623-8080 Chicago, IL 817-293-5015 Clute, TX 713-635-1200 Fort Worth, TX 817-293-5015 Houston, TX 713-635-1200 San Antonio, TX 210-661-4641 Tulsa, OK 918-437-7501 Smith Pipe & Steel Co. A Subsidiary of Delta Steel, Inc. Phoenix, AZ 602-257-9494 Diamond Manufacturing Company Wyoming, PA Headquarters 800-233-9601 Cedar Hill, TX 972-291-8800 Michigan City, IN 219-874-2374 Perforated Metals Plus A Division of Diamond Manufacturing Company Charlotte, NC 704-598-0443 McKey Perforating Co., Inc. A Subsidiary of Diamond Manufacturing Company New Berlin, WI 262-786-2700 McKey Perforated Products Co., Inc. A Subsidiary of McKey Perforating Co., Inc. Manchester, TN 931-723-3636 Durrett Sheppard Steel Co., Inc. Baltimore, MD 410-633-6800 Earle M. Jorgensen Company Los Angeles, CA Corporate Office 323-567-1122 Atlanta, GA 678-894-2500 Birmingham, AL 205-814-0043 Boston, MA 508-435-6854 Charlotte, NC 704-588-3001 Chicago, IL 847-301-6100 Cincinnati, OH 513-771-3223 Cleveland, OH 330-425-1500 Cleveland, OH (Plate) 330-963-8150 Dallas, TX 214-741-1761 Denver, CO 303-287-0381 Detroit, MI 586-776-9226 Hartford, CT 860-435-6854 Houston, TX 713-672-1621 Indianapolis, IN 317-838-8899 Kansas City, MO 816-483-4140 Lafayette, LA 713-672-1621 Memphis, TN 901-317-4300 Minneapolis, MN 763-784-5000 Oakland, CA 510-487-2700 Orlando, FL 704-421-7239 Philadelphia, PA 215-949-2850 Phoenix, AZ 602-272-0461 Portland, OR 503-283-2251 Quad Cities, IA 563-285-5340 Richmond, VA 804-732-7491 Rochester, NY 330-425-1500 Salt Lake City, UT 801-532-2543 Seattle, WA 253-872-0100 St. Louis, MO 314-291-6080 Wrightsville, PA 215-949-2850 Encore Metals USA A Division of Earle M. Jorgensen Company Portland, OR 503-620-8810 Salt Lake City, UT 801-383-3808 Seattle, WA 206-623-6672 Steel Bar A Division of Earle M. Jorgensen Company Charlotte, NC 336-294-0053 Reliance Metals Canada Limited A Subsidiary of Earle M. Jorgensen Company Edmonton, Alberta, Canada Corporate Office 780-801-4114 Earle M. Jorgensen (Canada) A Division of Reliance Metals Canada Limited Edmonton, Alberta, Canada 780-801-4015 Montreal, Quebec, Canada 450-661-5181 Northbay, Ontario, Canada 705-474-0866 Quebec City, Quebec, Canada 418-870-1422 Toronto, Ontario, Canada 905-564-0866 Encore Metals A Division of Reliance Metals Canada Limited Vancouver, British Columbia, Canada 604-940-0439 Calgary, Alberta, Canada 403-236-1418 Edmonton, Alberta, Canada 780-436-6660 Winnipeg, Manitoba, Canada 204-663-1450 Team Tube A Division of Reliance Metals Canada Limited Vancouver, British Columbia, Canada 604-468-4747 Calgary, Alberta, Canada 403-279-8131 Edmonton, Alberta, Canada 780-462-7222 Montreal, Quebec, Canada 450-978-8877 Toronto, Ontario, Canada 905-878-1156 Earle M. Jorgensen (Asia) Sdn. Bhd. A Subsidiary of Reliance Asia Holding Pte. Ltd.—Holding Company Nusajaya, Malaysia 60 7 531 9155 Everest Metals (Suzhou) Co., Ltd. A Subsidiary of Reliance Asia Holding Pte. Ltd.—Holding Company Suzhou, People’s Republic of China 86 21 2096 6052 Feralloy Corporation Chicago, IL Corporate Office 773-380-1500 Charleston, SC 843-336-4107 Decatur, AL 256-301-0500 2 2 REL I A N CE ST EEL & A LU M I N U M CO. G ROW I N G OU R FA M ILY 2 3 Granite City, IL 618-452-2500 Portage, IN 219-787-9698 GH Metal Solutions, Inc. A Subsidiary of Feralloy Corporation Fort Payne, AL 256-845-5411 Acero Prime S. de R.L. de C.V A Joint Venture of Feralloy Corporation 40% Owned San Luis Potosi, Mexico Headquarters 52 444 870 7700 Ramos Arizpe, Mexico 52 844 450 6400 Toluca, Mexico 52 722 262 5500 Feralloy Processing Company A Joint Venture of Feralloy Corporation 51% Owned Portage, IN 219-787-8773 Indiana Pickling & Processing Company A Joint Venture of Feralloy Corporation 56% Owned Portage, IN 219-787-8889 Oregon Feralloy Partners A Joint Venture of Feralloy Corporation 40% Owned Portland, OR 503-286-8869 Infra-Metals Co. Philadelphia, PA Corporate Office 215-741-1000 Baltimore, MD 410-355-1664 Marseilles, IL 815-795-5002 New Boston, OH 740-353-1350 Petersburg, VA 804-957-5900 Tampa, FL 813-626-6005 Wallingford, CT 203-294-2991 Liebovich Bros., Inc. Rockford, IL Corporate Office 815-987-3200 Custom Fab Company A Division of Liebovich Bros., Inc. Rockford, IL 815-987-3200 Good Metals Company A Division of Liebovich Bros., Inc. Grand Rapids, MI 616-241-4425 Hagerty Steel & Aluminum Company A Division of Liebovich Bros., Inc. Peoria, IL 309-699-7251 Bridgeton, MO 309-699-7251 Liebovich Steel & Aluminum Company A Division of Liebovich Bros., Inc. Rockford, IL Headquarters 815-987-3200 Cedar Rapids, IA 319-366-8431 Green Bay, WI 920-759-3500 Metals USA, Inc. Ft. Lauderdale, FL Corporate Office 954-202-4000 Ambridge, PA 724-266-7708 Baltimore, MD 410-752-6900 Cedar Hill, TX 972-299-6497 Columbus, MS 662-327-9170 Enid, OK 580-233-0411 Germantown, WI 262-255-4444 Greensboro, NC 336-674-7991 Jacksonville, FL 904-766-0003 Jeffersonville, IN 812-288-8906 Horicon, WI 920-485-3133 Langhorne, PA 267-580-2100 Liberty, MO 816-415-0004 Madison, IL 618-452-6000 Mobile, AL 251-456-4531 Muskogee, OK 918-487-6800 Newark, NJ 973-242-1000 Northbrook, IL 847-291-2400 North Canton, OH 330-966-3401 Oakwood, GA 770-536-1214 Philadelphia, PA 215-673-9300 Philadelphia, PA 215-599-0535 Randleman, NC 336-498-8900 Seekonk, MA 508-399-8500 Springfield, OH 937-882-6354 Thomasville, AL 334-636-5665 Waggaman, LA 504-431-7010 Walker, MI 616-453-9845 Wooster, OH 330-264-8416 York, PA 717-757-3549 Ohio River Metal Services, Inc. A Subsidiary of Metals USA, Inc. Jeffersonville, IN 812-282-4770 Port City Metal Services A Division of Metals USA, Inc. Tulsa, OK 918-583-2222 The Richardson Trident Company, LLC A Subsidiary of Metals USA, Inc. Houston, TX 713-462-2959 Katy, TX 281-391-3433 Odessa, TX 432-561-5446 Richardson, TX 972-231-5176 Thomasville, GA 229-225-9965 Tulsa, OK 918-252-5781 Metalweb Limited Birmingham, England Headquarters 44 121 328 7700 Kilkeel, Ireland 44 121 326 2900 London, England 44 199 245 0300 Manchester, England 44 161 483 9662 Oxford, England 44 186 588 4499 Lynch Metals A Division of Metals USA, Inc. Anaheim, CA 714-238-7240 National Specialty Alloys, Inc. Houston, TX Headquarters 281-345-2115 Union, NJ 908-686-8401 J Rubin A Division of Metals USA, Inc. Horicon, WI 920-485-9750 Anaheim, CA 714-870-7800 Buford, GA 770-945-9255 Tulsa, OK 918-933-6477 Plymouth, MN 763-553-1550 Rockford, IL 815-964-9471 Rockford, IL 815-874-8536 Gregor Technologies, LLC A Subsidiary of Metals USA, Inc. Torrington, CT 860-482-2569 Aleaciones Especiales de Mexico S de R.L. de C.V. A Subsidiary of National Specialty Alloys, Inc. Cuautitlan, Mexico 52 55 2225 0835 Pacific Metal Company Portland, OR Headquarters 503-454-1051 Billings, MT 406-245-2210 Boise, ID 208-323-8045 Eugene, OR 541-485-1876 Seattle, WA 253-796-2840 Spokane, WA 509-535-0326 PDM Steel Service Centers, Inc. Stockton, CA Headquarters 209-943-0555 Boise, ID 208-343-6298 Denver, CO 303-297-1456 Fresno, CA 559-442-1410 Las Vegas, NV 702-413-0067 Provo, UT 801-798-8676 Reno, NV 775-358-1441 Santa Clara, CA 408-988-3000 Vancouver, WA 360-225-1133 Feralloy PDM Steel Service A Division of PDM Steel Service Centers, Inc. Stockton, CA 209-234-0548 Phoenix Corporation Doing Business as Phoenix Metals Company Atlanta, GA Headquarters 770-447-4211 Baton Rouge, LA 225-272-3228 Birmingham, AL 205-841-7477 Charlotte, NC 704-588-7075 Cincinnati, OH 513-727-4763 Gary, IN 219-886-2777 Kansas City, KS 913-321-5200 Nashville, TN 931-486-1456 Philadelphia, PA 610-321-0866 Richmond, VA 804-222-5052 Russellville, AR 479-452-3802 St. Louis, MO 636-379-4050 Tampa, FL 813-626-8999 Precision Flamecutting and Steel, Inc. Houston, TX 281-477-1600 Precision Strip, Inc. Minster, OH Headquarters 419-628-2343 Bowling Green, KY 270-542-6100 Dayton, OH 937-667-6255 Gary, IN 219-787-6208 Indianapolis, IN 765-778-4452 Kenton, OH 419-674-4186 Middletown, OH 513-423-4166 Rockport, IN 812-362-6480 Talladega, AL 256-315-2345 Toledo, OH 419-661-1100 Vonore, TN 423-884-2450 Reliance Metalcenter Asia Pacific Pte. Ltd. A Subsidiary of Reliance Asia Holding Pte. Ltd.— Holding Company Jurong, Singapore 65 6265 1211 Service Steel Aerospace Corp. Tacoma, WA Headquarters 253-627-2910 Canton, OH 330-833-5800 Dynamic Metals International A Division of Service Steel Aerospace Corp. Bristol, CT 860-583-3336 United Alloys Aircraft Metals A Division of Service Steel Aerospace Corp. Los Angeles, CA 323-588-2688 Valex Korea Co., Ltd. A 94% Owned Subsidiary of Valex Corp. Seoul, Republic of Korea 82 31 683 0119 Viking Materials, Inc. Minneapolis, MN Headquarters 612-617-5800 Chicago, IL 847-451-7171 Yarde Metals, Inc. Hartford, CT Headquarters 860-406-6061 Boston, MA 508-261-1142 Cleveland, OH 330-342-7020 Greensboro, NC 336-500-0535 Long Island, NY 631-232-1600 Morristown, NJ 973-463-1166 Nashua, NH 603-635-1266 Philadelphia, PA 610-495-7545 Siskin Steel & Supply Company, Inc. Chattanooga, TN Headquarters 423-756-3671 Birmingham, AL 205-326-6826 Louisville, KY 502-716-5140 Nashville, TN 615-242-4444 Spartanburg, SC 864-599-9988 Athens Steel A Division of Siskin Steel & Supply Company, Inc. Atlanta, GA 706-552-3850 East Tennessee Steel Supply A Division of Siskin Steel & Supply Company, Inc. Morristown, TN 423-587-3500 IMS/Georgia Steel A Division of Siskin Steel & Supply Company, Inc. Atlanta, GA 404-577-5005 Sugar Steel Corporation Chicago, IL Headquarters 708-757-9500 Evansville, IN 812-428-5490 Sunbelt Steel Texas, Inc. Houston, TX Headquarters 713-937-4300 Lafayette, LA 337-330-4145 Toma Metals, Inc. Johnstown, PA 814-536-3596 Valex Corp. 97% Owned Ventura, CA Headquarters and Manufacturing Facility 805-658-0944 Valex China Co., Ltd. A Subsidiary of Valex Holdings Limited—Holding Company, 92% Owned by Valex Corp. Shanghai, People’s Republic of China 086 21 58183189 2 4 REL I A N CE ST EEL & A LU M I N U M CO. G ROW I N G OU R FA M ILY 2 5 CORPOR ATE DIRECTORY CORPOR ATE INFORMATION DIRECTORS David H. Hannah (1) Chairman of the Board and Chief Executive Officer Brenda S. Miyamoto Vice President, Corporate Initiatives Mark A. Haight President of Infra-Metals Co. Donna M. Newton Vice President, Benefits Michael P. Shanley President of Liebovich Bros., Inc. Gregg J. Mollins (1) President and Chief Operating Officer Donald J. Prebola Vice President, Human Resources John A. Shatkus Vice President, Internal Audit William A. Smith II Vice President, General Counsel and Corporate Secretary Robert C. McPherson III President & Chief Executive Officer of Metals USA, Inc. Bruce Maggs Managing Director of Metalweb Limited Mark Russ President of National Specialty Alloys, Inc. Silva Yeghyayan Vice President, Tax John S. Nosler President of Pacific Metal Company Bernie J. Herrmann President of Allegheny Steel Distributors, Inc. Derek A. Halecky President of PDM Steel Service Centers, Inc. Joseph B. Wolf, Sr. President of Aluminum and Stainless, Inc. Stephen E. Almond President of Phoenix Corporation Sarah J. Anderson (1), (2), (3), (4) Former Partner Ernst & Young LLP A public accounting firm John G. Figueroa (1), (3), (4) Chairman Apria Healthcare Group Inc. Thomas W. Gimbel (1), (4) Former Trustee The Florence Neilan Trust Douglas M. Hayes (1), (2), (3), (5) President Hayes Capital Corporation Mark V. Kaminski (1), (2), (3), (4) Former Chief Executive Officer Commonwealth Industries, Inc. Andrew G. Sharkey (1), (2), (3), (4) Former President and Chief Executive Officer American Iron and Steel Institute Leslie A. Waite (1), (2), (3) Partner Lombardia Capital Partners, LLC OFFICERS David H. Hannah Chief Executive Officer Nicole Heater President of American Metals Corporation Scott A. Smith President of AMI Metals, Inc. Brian M. Tenenbaum President of CCC Steel, Inc. Stanley J. Altman President of Chapel Steel Corp. Jerome Rooney President of Chatham Steel Corporation Brian K. Cleveland President of Clayton Metals, Inc. Gregg J. Mollins President and Chief Operating Officer David Sapunjis President of Continental Alloys & Services, Inc. Karla R. Lewis Executive Vice President and Chief Financial Officer James D. Hoffman Senior Vice President, Operations Stephen P. Koch Senior Vice President, Operations William K. Sales, Jr. Senior Vice President, Operations Sheldon U. Tenenbaum Senior Vice President, Supplier Development Susan Borchers Chief Information Officer 26 REL I A N CE ST EEL & A LU M I N U M CO. Kristofer M. Farris President of Crest Steel Corporation Eric J. Offenberger President of Delta Steel, Inc. David L. Simpson President of Diamond Manufacturing Company Frank Koons President of Durrett Sheppard Steel Co., Inc. James Desmond President of Earle M. Jorgensen Company Carlos Rodriquez-Borjas President of Feralloy Corporation John D. Murray President of Precision Flamecutting and Steel, Inc. Joseph P. Wolf President of Precision Strip, Inc. Douglas M. Nesbitt President of Service Steel Aerospace Corp. Paul J. Loftin President of Siskin Steel & Supply Company, Inc. Robert J. Sugar President of Sugar Steel Corporation Michael Kowalski President of Sunbelt Steel Texas, Inc. Daniel T. Yunetz President of Toma Metals, Inc. Daniel A. Mangan President of Valex Corp. Michael E. Allen President of Viking Materials, Inc. Matthew L. Smith President of Yarde Metals, Inc. (1) Term of office - Expires 2014 (2) Member of the Audit Committee (3) Member of the Compensation Committee (4) Member of the Nominating and Governance Committee (5) Independent Lead Director TRANSFER AGENT & REGISTRAR American Stock Transfer & Trust Company 6201 15th Avenue Brooklyn, NY 11219 800/937-5449 718/921-8124 www.amstock.com INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM KPMG LLP Los Angeles, CA RELIANCE STEEL & ALUMINUM CO. Corporate Headquarters 350 South Grand Avenue Suite 5100 Los Angeles, CA 90071 213/687-7700 www.rsac.com ANNUAL MEETING 10:00 a.m. Wednesday, May 21, 2014 The L.A. Hotel 333 South Figueroa Street Los Angeles, CA 90071 All shareholders are invited to attend. FORM 10-K A copy of the Annual Report on Form 10-K, filed with the Securities and Exchange Commission, is available at: http://www.sec.gov or http://investor. rsac.com or upon request to: Karla R. Lewis Executive Vice President and Chief Financial Officer Reliance Steel & Aluminum Co. 350 South Grand Avenue Suite 5100 Los Angeles, CA 90071 E E L G N U O Y : Y H P A R G O T O H P N A Y O T S : N G I S E D INVESTOR RELATIONS CONTACT Brenda S. Miyamoto Investor Relations 213/576-2428 bmiyamoto@rsac.com investor@rsac.com SECURITIES LISTING Reliance Steel & Aluminum Co.’s common stock is traded on the New York Stock Exchange under the symbol “RS”. MARKET PRICE OF COMMON STOCK The high and low reported sales prices for the Company’s common stock in 2013 were $76.78 and $59.44. The following table reflects the range of high and low closing sales prices of the Company’s common stock for the stated calendar quarters. 2013 1Q 2Q 3Q 4Q HIGH $72.90 $71.16 $75.83 $76.78 LOW $62.16 $59.44 $65.33 $70.79 SHAREHOLDERS OF RECORD AND DIVIDENDS As of January 31, 2014, there were approximately 238 record holders of our common stock excluding holders of whose shares were held for them in street name or nominee accounts. We have paid quarterly cash dividends on our common stock for 54 years. In February 2014, our Board of Directors increased the regular quarterly dividend amount 6% to $0.35 per share. Our cash dividends per share paid in 2013 were up 57.5% compared to 2012. Our Board of Directors has increased the quarterly dividend rate on a periodic basis with the most recent increase being our 21st since our IPO in 1994. 350 South Grand Avenue Suite 5100 Los Angeles, CA 90071 213/687-7700 www.rsac.com
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