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FerrexpoEMERGING STRONGER RELIANCE STEEL & ALUMINUM CO. 2020 ANNUAL REPORT In 2020, the coronavirus pandemic tested the strength of our longstanding strategy – and we proved its resilience. Reliance conscientiously cared for the health, safety, and wellbeing of our employees. They, in turn, worked nimbly under ever-changing circumstances to remain customer-centered while proactively reducing expenses and focusing on continuous improvement. As a Family, our companies collaborated, innovated, and executed: together, we met our inventory turn goal, achieved a second consecutive record annual gross profit margin, and generated cash flow from operations of $1.17 billion – which was used on stock repurchases, increased dividends, and operating investments to benefit all our stakeholders. Further, Reliance formalized our commitment to operating ethically and responsibly by creating a Sustainability Mission Statement. While our strategy based on product, process, geographical, and end market diversity and decentralization of operations helped us achieve many milestones, Reliance’s true foundation is the strength and resolve of our people. We attribute our success to them all. More than a year on, we’ve learned many lessons. Moving ahead, Reliance is safer, better prepared, and emerging stronger than ever. 2020 ANNUAL REPORT 1 2 EMERGING STRONGER BETTER TOGETHER: OUR FAMILY IS STRONGER THAN STEEL Every step of a customer’s journey is powered by a knowledgeable, dedicated, and service- oriented Reliance employee. Our frontline, essential workers’ commitment to exceed expectations is an enduring aspect of Reliance culture and the backbone of our success – evidenced by a high level of repeat business. Our employees’ combined actions to take care of each other led to our safest year on record and our winning the Metals Service Center Institute’s 2020 Safety Innovation & Improvement Award. Their daily efforts drove our strong financial results and recognitions including the Fastmarkets AMM award for Service Center of the Year; #1 on Metal Center News’ Top 50 list for the 13th consecutive year; and our highest rank of 291 on Fortune magazine’s list of America’s 500 largest companies. Fastmarkets AMM Service Center of the Year winner MSCI Safety Innovation & Improvement Award winner COVID-19 We implemented a special aid policy providing paid leave for impacted employees 23% Improvement in safety incident rate over 2019 3 2020 ANNUAL REPORT 4 EMERGING STRONGER COMMITTED TO OUR CUSTOMERS AND SUPPLIERS Responding to the coronavirus pandemic reinforced our relationships in many ways. Individuals embraced technological innovation to bridge gaps resulting from socially distant or remote work and sales scenarios. Our smaller customers depended on us to continue supplying materials so that their businesses could stay afloat. Reliance’s ongoing investments to increase our value- added services combined with strong, well-established supplier relationships helped ensure uninterrupted best-in-class service. We are proud to have consistently and reliably provided metal solutions during the pandemic: in leveraging our longstanding mill relationships to source materials even during tight supply conditions, we demonstrated to our customers that they can always rely on Reliance. $172M capital expenditures spent mostly on organic growth and innovation 49% orders included value-added processing 5 $1,910 average order size 40% orders delivered within 24 hours 2020 ANNUAL REPORT 6 EMERGING STRONGER OPERATING PROFITABLY YET RESPONSIBLY OUR SUSTAINABILITY MISSION STATEMENT Reliance’s sustainability efforts are anchored in the same fundamental principle that has made us a successful business for over 80 years: a steadfast commitment to doing the right thing. We are committed to promoting the health, safety, and wellbeing of our employees and their families, as well as supporting the communities in which we live and work. We strive to foster a culture of excellence by generating industry leading results while operating responsibly and ethically, minimizing environmental impacts, and leveraging the diversity of talent and perspectives within our Family of Companies. Looking ahead, Reliance will maintain our strategic focus on innovation and continuous improvement without compromising our dedication to doing the right thing for our people – including our colleagues, our customers, and our suppliers – our communities, and our planet. $337M RS common stock repurchased We purchase significant volumes of metal produced from recycled material $122.65 RS highest close in 2020 380 Grants from our employee assistance fund since its inception in 2017 430M Pounds of recycled scrap material were reintroduced into the manufacturing life cycle 7 2020 ANNUAL REPORT SELECTED CONSOLIDATED FINANCIAL DATA In millions, except number of shares which are reflected in thousands and per share amounts. Year Ended December 31, Income Statement Data: Net sales Cost of sales (exclusive of depreciation and amortization expense) 2020 2019 2018 2017 2016 $8,811.9 $10,973.8 $11,534.5 $9,721.0 $8,613.4 6,036.8 7,644.4 8,253.0 6,933.2 6,023.1 Gross profit(1) 2,775.1 3,329.4 3,281.5 2,787.8 2,590.3 Warehouse, delivery, selling, general and administrative expense(2) Depreciation and amortization expense Impairment of long-lived assets Operating income Other (income) expense: Interest expense Other expense (income), net(2) Income before income taxes Income tax provision (benefit)(3) Net income(3) Less: Net income attributable to noncontrolling interests 1,874.0 2,095.4 2,091.8 1,902.8 1,798.1 227.3 108.0 565.8 62.9 24.7 478.2 105.8 372.4 3.3 219.3 1.2 1,013.5 85.0 (0.8) 929.3 223.2 706.1 4.6 215.2 37.0 937.5 86.2 0.7 850.6 208.8 641.8 8.1 218.4 4.2 662.4 73.9 4.7 583.8 (37.2) 621.0 7.6 222.0 52.4 517.8 84.6 4.0 429.2 120.1 309.1 4.8 Net income attributable to Reliance(3) $369.1 $701.5 $633.7 $613.4 $304.3 Earnings Per Share: Diluted(3) Basic(3) Weighted average shares outstanding – diluted Weighted average shares outstanding – basic Other Data: $5.66 $5.74 65,263 64,328 $10.34 $10.49 67,855 66,885 $8.75 $8.85 72,441 71,621 $8.34 $8.42 73,539 72,851 $4.16 $4.21 73,121 72,363 Cash flow provided by operations $1,173.0 $1,301.5 $664.6 $399.0 $626.5 Capital expenditures Cash dividends per share Balance Sheet Data (December 31): Working capital Total assets Short-term debt(4) Long-term debt(4) Total equity 172.0 2.50 242.2 2.20 239.9 2.00 161.6 1.80 154.9 1.65 $2,499.8 $2,334.9 $2,585.9 $2,347.6 $2,032.5 8,106.8 8,131.1 8,044.9 7,751.0 7,411.3 6.7 65.6 66.8 92.6 83.1 1,639.7 5,122.7 1,525.2 2,141.1 1,809.6 1,847.2 5,214.1 4,679.5 4,699.9 4,179.1 (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. About half 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 expense, is not significant and is excluded from cost of sales. Therefore, our cost of sales is substantially 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 our 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) The adoption of accounting rule changes in 2017 affected the presentation of pension costs. Prior year warehouse, delivery, selling, general and administrative expense and other expense (income), net have been retrospectively adjusted to conform to the current presentation. (3) 2017 includes a $207.3 million, or $2.82 per share, income tax benefit as a result of the Tax Cuts and Jobs Act of 2017. (4) Includes finance lease obligations. 8 EMERGING STRONGER We leveraged technology and embraced remote work, where feasible, and modified the way we conduct many aspects of our business to reduce the number of in-person interactions. We significantly expanded the use of virtual interactions in all aspects of our business, including customer facing activities and our annual meeting of stockholders. FELLOW STOCKHOLDERS 2020 was a year marked by unprecedented challenges created by the global COVID-19 pandemic. We are proud that Reliance not only remained operational as an essential business but that despite considerable market turbulence, the outstanding execution by our dedicated employees enabled us to deliver a solid financial performance – including record gross profit margins. Company-wide, we executed on our tried-and-true business model: providing superior customer service, when-needed inventory management, strong pricing discipline, effective expense control, growth, and innovation. Every member of the Reliance Family of Companies made tremendous efforts to quickly and nimbly respond to the changing environment and ensure our customers were always taken care of. Most importantly, our employees took care of one another by adopting new COVID-19 safety protocols in the workplace, thereby maintaining an unwavering commitment to health and safety – our most important core value. Our solid 2020 results demonstrate both the resiliency of the long-term Reliance business model and our ability to execute in good times and bad. Our practice of serving a broad spectrum of end markets – including non-residential construction, automotive, heavy industry, aerospace, and energy – helps mitigate volatility in any single sector. In addition, our decentralized operating structure allows us to respond rapidly to fluid market conditions and demand trends. This strategic business design, combined with continuous improvements to our value-added processing capabilities and pricing discipline exercised by our field leadership, enabled Reliance to achieve a record annual gross profit margin (31.5%) for the second consecutive year, despite the extraordinarily unpredictable market conditions. In 2020, tons sold declined 10.8% compared to 2019 as a result of lower demand in nearly all of our end markets due to COVID-19 related customer shut-downs and project delays in the first half of the year. Additionally, our 2020 average selling price per ton sold was down 9.6% from 2019 as a result of declines in mill prices for most of the products we sell during the first nine months 9 2020 ANNUAL REPORT of the year. Despite these challenges, our record gross profit margin and effective expense control measures helped mitigate the decline in profitability as we generated non-GAAP earnings per diluted share of $7.71 for the full year of 2020. The health, safety, and well-being of our employees is Reliance’s top priority. Since 2017, Reliance’s comprehensive, company-wide SMART Safety strategy has further fostered and deeply instilled a culture of safety across our entire Family of Companies. Working together to share lessons learned and best practices, our efforts culminated in 2020 as we recorded our safest year yet, including a 23% improvement in our safety incident rate compared to 2019. Reliance was also awarded the prestigious Safety Innovation and Improvement Award by the Metals Service Center Institute. We enhanced health and safety measures in response to the new and unique challenges presented by COVID-19. At the onset of the pandemic, we acted swiftly to reduce the spread of the virus: where possible, we promoted remote working arrangements; in operational warehouses, we implemented social distancing and staggered shifts, improved sanitation measures, and utilized contact tracing technology. To support our employees impacted by the virus, we provided temporary aid in the form of paid time away from work, expanded assistance under our Reliance Cares emergency fund, and extended healthcare benefits for a transitionary period to support impacted employees and their families. We also worked closely with our suppliers to maintain strong partnerships, and we engaged with and listened to our customers, adapting to address and support their needs. Many companies within the Reliance family also worked alongside customers on mission critical projects to aid in the COVID-19 response around the country. As was evident throughout the past year, our customers rely on Reliance to continue to support them through trying times – often in greater capacities and on a more frequent basis. In 2020, our average order size was $1,910 and approximately 40% of our orders were delivered within 24 hours. Operating with a decentralized structure allows us to concentrate on small orders: the majority of our customers purchase smaller quantities on a when- needed basis and are generally less price sensitive than customers that place large volume orders with long lead times. Across the Reliance network of approximately 300 locations, our managers maintained a disciplined approach to pricing and focused on high quality, high margin business. Field leadership also leveraged opportunities to expand value-added processing capabilities in order to meet – and in many cases, exceed – our customers’ needs. 10 EMERGING STRONGER Our value-added processing capabilities have increased in recent years – 49% of 2020 orders, compared to more historical levels of 40% – because of our significant investments in state-of-the-art equipment. Value-added processing services also help to stabilize our margins in challenging markets and were a key factor contributing to our record gross profit margin in 2020. Concurrent with our response to the coronavirus pandemic, Reliance concentrated not only on maintaining our secure financial position but improving it. We operated from a position of strength, reinforced by a strong balance sheet, an investment-grade credit rating, and enhanced liquidity due to significant cash generation coupled with effective working capital management. We achieved a Company-wide inventory turn goal of 4.7x based on tons thanks to our field leadership’s focus on right-sizing inventory to reflect current demand levels and taking advantage of cross- selling inventory within our Family of Companies. Financing activities in the latter half of the year further increased our liquidity and improved our debt maturity profile. Currently, ample capital is available for borrowing on our $1.5 billion revolving credit facility. In addition, our highly variable cost structure provides financial flexibility, with approximately 65% of our selling, general, and administrative (“SG&A”) expenses being people-related. We reported an 11.5% year-over-year decline in same- store SG&A expenses in 2020, with approximately half of the decrease related to a 14% decline in our work force compared to the prior year. Difficult decisions regarding temporary and permanent employee reductions were made on a location-by- location basis, which provided us flexibility to make additional changes as warranted. Thankfully, as the economy began to re-open late in the second quarter, we were pleased to bring many of our highly skilled employees back to work. Following a record year in 2019, we generated strong cash flow from operations of $1.17 billion in 2020 due to our continued profitable operations and effective working capital management. This countercyclical cash generation and strong financial position, enhanced by our 2020 financing activities, allowed us to continue supporting our customers and to remain flexible and opportunistic in executing our growth and stockholder return initiatives. In 2020, we invested $172 million in capital expenditures that included innovative equipment and advanced technology to improve safety in our operations, enhance working environments for our employees, and fund growth and innovation initiatives to better meet our customers’ needs. This includes the construction of two on-campus tolling operations: one location in Ghent, Kentucky 11 2020 ANNUAL REPORT opened in Q4 of 2020; another facility in Sinton, Texas was announced in October 2020. Our 2021 capital expenditure budget of $245 million supports the continued growth of our value-added processing capabilities as well as investments in facility upgrades and expansions. of her experience. Also in January, Arthur Ajemyan was promoted to Vice President, Chief Financial Officer. Over his 15-year tenure with Reliance, Arthur has held key roles in the corporate finance and accounting department with increased levels of responsibility. Although COVID-19 has slowed the pace of M&A activity, Reliance continues to see a healthy pipeline of potential acquisition candidates, especially as we have begun to broaden our view on prospective growth opportunities. As always, we evaluate opportunities based on a strict set of criteria to ensure a strong fit within our Family of Companies. Our two-fold growth strategy of leveraging capital expenditures to drive organic expansion, coupled with strategic acquisitions of well-managed metals service centers, continues to solidify our position as a leading diversified metal solutions provider in North America. Returning value to our stockholders through quarterly cash dividends and share repurchases remains core to our capital allocation philosophy. We have paid regular quarterly cash dividends for 61 consecutive years and have increased our dividend 28 times since our 1994 IPO, including our most recent increase of 10.0% to $0.6875 per share in the first quarter of 2021. In 2020, we repurchased $337.3 million of our common stock. These actions underscore our commitment to delivering value to our stockholders as well as ongoing confidence in our business model. We also remain committed to being a responsible corporate citizen as demonstrated in our Sustainability Mission Statement on page 7. Because of Reliance’s decentralized structure, succession plans are always in motion. 2021 started with a number of new leaders throughout our Family of Companies. Notable management changes also took place at Reliance Corporate. Consistent with our strategic executive succession plan, effective January 15, 2021, Karla Lewis was promoted to President and appointed to our Board of Directors. This new role recognizes Karla’s significant contributions and will broaden her knowledge of Reliance’s field operations and increase the diversity While the COVID-19 pandemic continues to impact the global economy, we are extremely proud to have successfully navigated the challenges that arose. Over the past year, we have adapted to operating more efficiently without sacrificing our competitive edge and the critical elements that make Reliance a trusted and reliable business partner. Having forged stronger bonds through these trying times, we believe that Reliance is emerging even stronger. We will maintain our focus on profitable growth opportunities to continue to enhance our value- added processing, further diversify our products, end markets, and geographic footprint, and uphold our commitments to strong pricing discipline, diligent expense control, when-needed inventory management, organic growth, and innovation. Our strong balance sheet provides us with the ability to execute all four of our capital allocation strategies – long-term profitable business growth as well as returning value to our stockholders through continued dividend increases and share repurchases. Looking ahead, Reliance will continue to execute and improve upon our tried-and-true model that has led us to industry-leading results for many decades. We thank you, our investors, for your continued support of and commitment to Reliance. JAMES D. HOFFMAN Chief Executive Officer KARLA R. LEWIS President 12 EMERGING STRONGER NET SALES (IN MILLIONS) $11,534.5 $9,721.0 $10,973.8 $8,613.4 $8,811.9 CASH FLOW FROM OPERATIONS (IN MILLIONS) $1,301.5 $1,173.0 $626.5 $664.6 $399.0 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 RETURN ON EQUITY (% RETURN) Based on beginning of the year equity. 15%* 14%* 10%* 8% 7%* NET INCOME (IN MILLIONS) EARNINGS PER SHARE (DILUTED) 2016 2017 2018 2019 2020 $701.5 $633.7 $613.4** $369.1 $304.3 $10.34 $8.34 ** $8.75 $4.16 $5.66 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 * Return on Reliance stockholders’ equity is based on the beginning of the year equity amount, except for 2020, 2019, and 2018, which are adjusted for $337.3 million, $50.0 million, and $484.9 million of share repurchases, respectively, and 2017, which is adjusted for a $207.3 million income tax benefit as a result of the Tax Cuts and Jobs Act of 2017. **Includes a $207.3 million, or $2.82 per share, income tax benefit as a result of the Tax Cuts and Jobs Act of 2017. 13 2020 ANNUAL REPORT GEOGRAPHIC PRESENCE S TAT E S IN T ER N AT ION A L Alabama Georgia Maryland New Jersey Rhode Island Australia Singapore Alaska Arizona Idaho Illinois Massachusetts New Mexico South Carolina Belgium South Korea Michigan New York Tennessee Canada Turkey Arkansas Indiana Minnesota North Carolina Texas California Iowa Colorado Kansas Missouri Montana Ohio Utah Oklahoma Virginia Connecticut Kentucky Nevada Oregon Washington Florida Louisiana New Hampshire Pennsylvania Wisconsin China France India Malaysia Mexico United Arab Emirates United Kingdom SALES BY REGION MOUNTAIN 3% PACIFIC NORTHWEST 4% NORTHEAST 7% MID-ATLANTIC 7% INTERNATIONAL 7% SOUTHEAST WEST/SOUTHWEST MIDWEST 19% 22% 31% 14 EMERGING STRONGER SALES BY COMMODITY SALES BY PRODUCT CARBON STEEL 51% Carbon steel tubing Carbon steel plate Carbon steel structurals Hot-rolled steel sheet and coil Carbon steel bar Galvanized steel sheet and coil Cold-rolled steel sheet and coil ALUMINUM 19% STAINLESS STEEL 16% ALLOY MISCELLANEOUS TOLL PROCESSING AND LOGISTICS 5% 5% 4% Heat-treated aluminum plate Aluminum bar and tube Common alloy aluminum sheet and coil Common alloy aluminum plate Heat-treated aluminum sheet and coil Stainless steel bar and tube Stainless steel sheet and coil Stainless steel plate Alloy bar and rod Alloy tube Miscellaneous, including brass, copper, titanium, manufactured parts, and scrap Toll processing – aluminum, carbon steel, and stainless steel* * Includes revenues for logistics services provided by our toll processing companies 11% 10% 10% 7% 6% 4% 3% 7% 5% 5% 1% 1% 8% 6% 2% 4% 1% 5% 4% 15 2020 ANNUAL REPORT HISTORICAL FINANCIAL DATA In millions, except per share data. Year Ended December 31, Income Statement Data: Net sales Operating income(1) Pretax income Income taxes(2) Net income attributable to Reliance(2) Weighted average shares outstanding – diluted Balance Sheet Data (December 31): Current assets Working capital Net fixed assets Total assets(3) Current liabilities Short-term debt(3) Long-term debt(3) Total equity Per Share Data: Earnings – diluted(2) Dividends Book value(4) Ratio Analysis: Return on Reliance stockholders’ equity (5) Current ratio Net debt-to-total capital ratio(6) Gross profit margin(7) Operating income margin(1) Pretax income margin Net income margin – Reliance(2) 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 $8,811.9 $10,973.8 $11,534.5 $9,721.0 $8,613.4 $9,350.5 $10,451.6 $9,223.8 $8,442.3 $8,134.7 $6,312.8 565.8 478.2 105.8 369.1 65.3 $3,112.8 2,499.8 1,792.2 8,106.8 613.0 6.7 1,639.7 5,122.7 $5.66 $2.50 $80.43 7.4% 5.1 15.8% 31.5% 6.4% 5.4% 4.2% 1,013.5 929.3 223.2 701.5 67.9 937.5 850.6 208.8 633.7 72.4 662.4 583.8 (37.2) 613.4 73.5 $3,010.2 $3,285.0 $3,051.3 $2,688.5 $2,554.2 $2,738.9 $2,277.4 $2,274.7 $1,700.9 2,334.9 1,795.2 8,131.1 675.3 65.6 1,525.2 5,214.1 $10.34 $2.20 $77.83 15.1% 4.5 21.4% 30.3% 9.2% 8.5% 6.4% 2,585.9 1,729.9 8,044.9 699.1 66.8 2,141.1 4,679.5 $8.75 $2.00 $69.83 13.9% 4.7 30.8% 28.4% 8.1% 7.4% 5.5% 2,347.6 1,656.3 7,751.0 703.7 92.6 1,809.6 4,699.9 $8.34 $1.80 $64.29 9.8% 4.3 27.2% 28.7% 6.8% 6.0% 6.3% 517.8 429.2 120.1 304.3 73.1 2,032.5 1,662.2 7,411.3 656.0 83.1 1,847.2 4,179.1 $4.16 $1.65 $57.07 7.8% 4.1 30.3% 30.1% 6.0% 5.0% 3.5% 549.8 458.7 142.5 311.5 74.9 1,564.5 1,635.5 7,121.6 989.7 501.3 1,428.9 3,942.7 $4.16 $1.60 $54.59 8.0% 2.6 31.8% 27.2% 5.9% 4.9% 3.3% 617.4 546.3 170.0 371.5 78.6 $3,121.1 2,458.3 1,656.4 7,822.4 662.8 94.6 2,209.6 4,127.9 $4.73 $1.40 $53.03 9.6% 4.7 34.9% 25.1% 5.9% 5.2% 3.6% 554.3 478.3 153.6 321.6 77.6 2,165.5 1,603.9 7,323.6 573.4 36.8 2,055.1 3,884.4 $4.14 $1.26 $49.99 9.0% 4.8 34.1% 26.0% 6.0% 5.2% 3.5% 661.6 609.4 201.1 403.5 75.7 1,699.2 1,240.7 5,846.7 578.2 84.0 1,113.0 3,567.4 $5.33 $0.80 $46.82 12.8% 3.9 23.6% 26.1% 7.8% 7.2% 4.8% 574.8 511.6 162.4 343.8 75.0 1,698.3 1,105.5 5,592.3 576.4 12.8 1,306.9 3,152.0 $4.58 $0.48 $41.92 12.2% 3.9 28.2% 24.4% 7.1% 6.3% 4.2% 364.6 296.5 98.6 194.4 74.5 1,192.3 1,025.3 4,659.1 508.6 87.0 848.0 2,830.1 $2.61 $0.40 $37.83 7.5% 3.3 23.3% 25.1% 5.8% 4.7% 3.1% (1) Operating income represents net sales less cost of sales, warehouse, delivery, selling, general and administrative expense, depreciation and amortization expense and impairment of long-lived assets. The calculation of operating income in years 2012 through 2020 includes various non-recurring charges and credits, including impairment charges in 2020, 2019, 2018, 2017, 2016, 2015, 2013 and 2012. Additionally, the adoption of accounting rule changes in 2017 affected the presentation of operating income. Prior year operating income and margin amounts have been retrospectively adjusted to conform to the current presentation. (2) 2017 includes a $207.3 million, or $2.82 per share, income tax benefit as a result of the Tax Cuts and Jobs Act of 2017. (3) Short-term and long-term debt amounts include finance lease obligations. The adoption of accounting rule changes in 2015 affected the presentation of debt issuance costs. Prior year total assets, long-term debt and net debt-to-total capital ratio amounts have been retrospectively adjusted to conform to the current presentation. (4) Book value per share is calculated as Reliance stockholders’ equity divided by the number of common shares outstanding as of December 31 of each year. (5) Return on Reliance stockholders’ equity is based on the beginning of year equity amount, except for 2020, 2019, 2018 and 2015, which are adjusted for $337.3 million, $50.0 million, $484.9 million and $355.5 million of share repurchases, respectively, and 2017, which is adjusted for a $207.3 million income tax benefit as a result of the Tax Cuts and Jobs Act of 2017. 16 EMERGING STRONGER In millions, except per share data. Year Ended December 31, Income Statement Data: Net sales Operating income(1) Pretax income Income taxes(2) Net income attributable to Reliance(2) Weighted average shares outstanding – diluted Balance Sheet Data (December 31): Current assets Working capital Net fixed assets Total assets(3) Current liabilities Short-term debt(3) Long-term debt(3) Total equity Per Share Data: Earnings – diluted(2) Dividends Book value(4) Ratio Analysis: Current ratio Return on Reliance stockholders’ equity (5) Net debt-to-total capital ratio(6) Gross profit margin(7) Operating income margin(1) Pretax income margin Net income margin – Reliance(2) 565.8 478.2 105.8 369.1 65.3 $3,112.8 2,499.8 1,792.2 8,106.8 613.0 6.7 1,639.7 5,122.7 $5.66 $2.50 $80.43 7.4% 5.1 15.8% 31.5% 6.4% 5.4% 4.2% 1,013.5 929.3 223.2 701.5 67.9 2,334.9 1,795.2 8,131.1 675.3 65.6 1,525.2 5,214.1 $10.34 $2.20 $77.83 15.1% 4.5 21.4% 30.3% 9.2% 8.5% 6.4% 937.5 850.6 208.8 633.7 72.4 2,585.9 1,729.9 8,044.9 699.1 66.8 2,141.1 4,679.5 $8.75 $2.00 $69.83 13.9% 4.7 30.8% 28.4% 8.1% 7.4% 5.5% 662.4 583.8 (37.2) 613.4 73.5 2,347.6 1,656.3 7,751.0 703.7 92.6 1,809.6 4,699.9 $8.34 $1.80 $64.29 9.8% 4.3 27.2% 28.7% 6.8% 6.0% 6.3% 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 $8,811.9 $10,973.8 $11,534.5 $9,721.0 $8,613.4 $9,350.5 $10,451.6 $9,223.8 $8,442.3 $8,134.7 $6,312.8 517.8 429.2 120.1 304.3 73.1 549.8 458.7 142.5 311.5 74.9 $3,010.2 $3,285.0 $3,051.3 $2,688.5 $2,554.2 2,032.5 1,662.2 7,411.3 656.0 83.1 1,847.2 4,179.1 $4.16 $1.65 $57.07 7.8% 4.1 30.3% 30.1% 6.0% 5.0% 3.5% 1,564.5 1,635.5 7,121.6 989.7 501.3 1,428.9 3,942.7 $4.16 $1.60 $54.59 8.0% 2.6 31.8% 27.2% 5.9% 4.9% 3.3% 617.4 546.3 170.0 371.5 78.6 $3,121.1 2,458.3 1,656.4 7,822.4 662.8 94.6 2,209.6 4,127.9 $4.73 $1.40 $53.03 9.6% 4.7 34.9% 25.1% 5.9% 5.2% 3.6% 554.3 478.3 153.6 321.6 77.6 661.6 609.4 201.1 403.5 75.7 574.8 511.6 162.4 343.8 75.0 364.6 296.5 98.6 194.4 74.5 $2,738.9 $2,277.4 $2,274.7 $1,700.9 2,165.5 1,603.9 7,323.6 573.4 36.8 2,055.1 3,884.4 $4.14 $1.26 $49.99 9.0% 4.8 34.1% 26.0% 6.0% 5.2% 3.5% 1,699.2 1,240.7 5,846.7 578.2 84.0 1,113.0 3,567.4 $5.33 $0.80 $46.82 12.8% 3.9 23.6% 26.1% 7.8% 7.2% 4.8% 1,698.3 1,105.5 5,592.3 576.4 12.8 1,306.9 3,152.0 $4.58 $0.48 $41.92 12.2% 3.9 28.2% 24.4% 7.1% 6.3% 4.2% 1,192.3 1,025.3 4,659.1 508.6 87.0 848.0 2,830.1 $2.61 $0.40 $37.83 7.5% 3.3 23.3% 25.1% 5.8% 4.7% 3.1% (6) Net debt-to-total capital ratio is calculated as total debt (net of cash) divided by Reliance stockholders’ equity plus total debt (net of cash). (7) 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 they exclude depreciation and amortization expense associated with the corresponding sales. About half 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, is not significant and is excluded from cost of sales. Therefore, our cost of sales is substantially comprised of the cost of the material we sell. We use gross profit margin as shown above as a measure of operating performance. 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. 17 2020 ANNUAL REPORT RELIANCE LOCATIONS D I V ISIONS 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 Affiliated Metals A Bralco Metals Company Salt Lake City, UT 801-363-1711 Olympic Metals A Bralco Metals Company Denver, CO 303-286-9700 MetalCenter A Bralco Metals Company Los Angeles, CA 562-944-3322 Central Plains Steel Co. Wichita, KS 316-636-4500 Reliance Aerospace Solutions Cypress, CA 877-727-6073 Reliance Metalcenter Oakland, CA 510-476-4400 Reliance Metals Group Reliance Metalcenter Colorado Springs, CO 719-390-4911 Dallas, TX 817-640-7222 Phoenix, AZ 602-275-4471 Phoenix, AZ 480-986-6156 Salt Lake City, UT 801-974-5300 San Antonio, TX 210-661-2301 San Diego, CA 619-263-2141 Smith Pipe & Steel Company Phoenix, AZ 602-257-9494 Reliance Steel Company Albuquerque, NM 505-247-1441 Los Angeles, CA 323-583-6111 Slough, United Kingdom – Sales Office 44 20 7318 5066 All Metal Services India Private Limited A Subsidiary of All Metal Services Limited Belagavi, India 91 80 2837 9124 All Metal Services Ltd. (Xi’an) A Subsidiary of All Metal Services Limited Xi’an, People’s Republic of China 86 29 8612 5300 All Metal Services (Malaysia) Sdn. Bhd. A Subsidiary of All Metal Services Limited Selangor Darul Ehsan, Malaysia 60 3 7803 5643 All Metals Processing & Logistics, Inc. Spartanburg, SC – Headquarters 864-574-8050 Cartersville, GA 770-427-7379 Tube Service Co. Los Angeles, CA – Headquarters 562-695-0467 All Metals Transportation & Logistics, Inc. Decatur, AL 877-877-7528 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 All Metal Services Limited A Subsidiary of Reliance Metals UK Holding Limited – Holding Company London, United Kingdom – Headquarters 44 18 9544 4066 Belfast, United Kingdom 44 28 9073 9648 Birmingham, United Kingdom 44 16 7543 0307 Bolton, United Kingdom 44 19 4284 0777 Bristol, United Kingdom 44 11 7982 2484 Losse, France 33 558 936 800 Minworth, United Kingdom 44 16 7543 0307 Allegheny Steel Distributors, Inc. Pittsburgh, PA 412-767-5000 American Metals Corporation Doing Business as American Steel Portland, OR – Headquarters 503-651-6700 Fresno, CA 559-266-0881 Sacramento, CA 916-371-7700 Seattle, WA 253-437-4080 Haskins Steel Company A Division of American Metals Corporation Spokane, WA 509-535-0657 Lampros Steel A Division of American Metals Corporation Portland, OR 503-285-6667 LSI Plate A Division of American Metals Corporation Rancho Cucamonga, CA 877-877-7528 Plate Sales A Division of American Metals Corporation Portland, OR 503-286-0039 18 EMERGING STRONGER Alaska Steel Company A Subsidiary of American Metals Corporation Anchorage, AK – Headquarters 907-561-1188 Chapel Steel Corp. Philadelphia, PA – Corporate Office 215-793-0899 Fairbanks, AK 907-456-2719 Kenai, AK 907-283-3880 AMI Metals, Inc. Nashville, TN – Headquarters 615-377-0400 Fort Worth, TX 817-831-9586 Los Angeles, CA 909-429-1336 Seattle, WA – Sales Office 253-735-0181 Spokane, WA 509-570-5880 St. Louis, MO 636-946-9492 Swedesboro, NJ 856-241-9180 Wichita, KS 316-945-7771 AMI Metals Aero Services Ankara Havacılık Anonim Şirketi A Subsidiary of AMI Metals, Inc. Ankara, Turkey 90 312 810 0000 AMI Metals Europe SPRL A Subsidiary of AMI Metals, Inc. Gosselies, Belgium 32 71 37 67 99 AMI Metals UK Limited A Subsidiary of Reliance Metals UK Holding Limited — Holding Company Ellesmere Port, United Kingdom 44 151 355 6035 Best Manufacturing, Inc. Jonesboro, AR 870-931-9533 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 Birmingham, AL 205-781-0317 Birmingham, AL – Sales Office 800-641-1006 Chicago, IL 815-937-1970 Chicago, IL – Sales Office 708-429-2244 Cleveland, OH 216-446-6840 Houston, TX 713-462-4449 Philadelphia, PA 610-705-0477 Portland, OR 503-228-3355 Tulsa, OK 844-964-0335 Chapel Steel Canada, Ltd. A Subsidiary of Reliance Metals Canada Holdings 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 Elk Grove Village, IL 847-238-9265 Newark, NJ 973-588-1100 Continental Alloys & Services Limited A Subsidiary of Reliance Metals UK Holding Limited — Holding Company Brechin, Scotland 44 135 662 5515 Peterhead, Scotland 44 177 948 0420 Continental Alloys & Services Pte. Ltd. A Subsidiary of Reliance Asia Holding Pte. Ltd. — Holding Company Jurong, Singapore 65 6690 0178 Continental Alloys & Services (Malaysia) Sdn. Bhd. A Subsidiary of Continental Alloys & Services Pte. Ltd. Nusajaya, Malaysia 60 7 531 9155 Continental Alloys Middle East FZE A Subsidiary of Reliance Steel & Aluminum Co. Dubai, United Arab Emirates 971 4 8809770 Crest Steel Corporation Riverside, CA 951-727-2600 Delta Steel, Inc. Houston, TX – Headquarters 713-635-1200 Cedar Hill, TX 972-299-6497 Chicago Heights, IL 708-757-7198 Fort Worth, TX 817-293-5015 San Antonio, TX 210-661-4641 Diamond Manufacturing Company Wyoming, PA - Headquarters 800-233-9601 Michigan City, IN 219-874-2374 McKey Perforating Co. A Division of Diamond Manufacturing Company New Berlin, WI 800-532-7373 Manchester, TN 931-723-3636 Perforated Metals Plus A Division of Diamond Manufacturing Company Charlotte, NC 704-598-0443 Ferguson Perforating Company A Subsidiary of Diamond Manufacturing Company Providence, RI – Headquarters 401-941-8876 19 2020 ANNUAL REPORT New Castle, PA 724-657-8703 DuBose National Energy Fasteners & Machined Parts, Inc. Cleveland, OH 216-362-1700 DuBose National Energy Services, Inc. Clinton, NC – Headquarters 910-590-2151 Atlanta, GA – Sales Office 678-608-3660 Charlotte, NC – Sales Office 704-295-1060 Exton, PA – Sales Office 610-594-9413 Durrett Sheppard Steel Co., Inc. Baltimore, MD 410-633-6800 Earle M. Jorgensen Company Los Angeles, CA – Headquarters 323-567-1122 Atlanta, GA 678-894-2500 Birmingham, AL 205-814-0043 Boise, ID 503-283-2251 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 Dallas, TX 214-741-1761 Denver, CO 303-287-0381 Detroit, MI 734-402-8110 Hartford, CT 508-435-6854 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 800-365-5454 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 Tulsa, OK 918-835-1511 Wrightsville, PA 215-949-2850 Encore Metals USA A Division of Earle M. Jorgensen Company Salt Lake City, UT 801-383-3808 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 – Headquarters 780-801-4015 Montreal, Quebec, Canada 450-661-5181 North Bay, Ontario, Canada 705-474-0866 Quebec City, Quebec, Canada 418-870-1422 Toronto, Ontario, Canada 905-564-0866 Vancouver, British Columbia, Canada 604-468-4747 Encore Metals A Division of Reliance Metals Canada Limited Vancouver, British Columbia, Canada – Headquarters 604-940-0439 Calgary, Alberta, Canada 403-236-1418 Edmonton, Alberta, Canada 780-436-6660 Montreal, Quebec, Canada 450-978-8877 Prince George, British Columbia, Canada 250-563-3343 Toronto, Ontario, Canada 905-878-1156 Winnipeg, Manitoba, Canada 204-663-1450 FastMetals, Inc. Massillon, OH 833-327-8685 Feralloy Corporation Chicago, IL – Corporate Office 773-380-1500 Charleston, SC 843-336-4107 Decatur, AL 256-301-0500 Ghent, KY 502-206-7002 Portage, IN 219-787-9698 Acero Prime, S. de R.L. de C.V. A Subsidiary of Feralloy Corporation San Luis Potosí, Mexico – Headquarters 52 444 870 7700 20 EMERGING STRONGER Monterrey, Mexico 52 818 000 5300 Ramos Arizpe, Mexico 52 844 450 6400 Toluca, Mexico 52 722 262 5500 GH Metal Solutions, Inc. A Subsidiary of Feralloy Corporation Fort Payne, AL – Headquarters 256-845-5411 Charleston, SC 843-336-4107 Decatur, AL 256-845-5411 Fort Payne, AL (East) 256-845-5411 Feralloy Processing Company LLC A Subsidiary of Feralloy Corporation 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 Fox Metals and Alloys, Inc. Houston, TX 281-890-6666 Fry Steel Company Santa Fe Springs, CA 562-802-2721 Infra-Metals Co. Wallingford, CT – Headquarters 203-294-2980 Philadelphia, PA – Corporate Office 215-741-1000 Atlanta, GA 404-419-3460 Hallandale, FL 954-454-1564 Marseilles, IL 815-795-5002 New Boston, OH 740-353-1350 Petersburg, VA 804-957-5900 Tampa, FL 813-626-6005 Athens Steel A Division of Infra-Metals Co. Athens, GA 706-552-3850 IMS Steel A Division of Infra-Metals Co. Atlanta, GA 404-419-3460 KMS FAB, LLC Luzerne, PA 570-338-0200 KMS South, Inc. W. Columbia, SC 803-796-9995 Liebovich Bros., Inc. Rockford, IL 815-987-3200 Custom Fab Company A Division of Liebovich Bros., Inc. Rockford, IL 815-987-3210 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 Liebovich Steel & Aluminum Company A Division of Liebovich Bros., Inc. Rockford, IL – Headquarters 815-987-3200 Cedar Rapids, IA 319-366-8431 Kaukauna, WI 920-759-3500 Metals USA, Inc. Metals USA Carbon Flat Rolled, Inc. A Subsidiary of Metals USA, Inc. Northbrook, IL – Headquarters 847-291-2400 Germantown, WI 262-255-4444 Horicon, WI 920-485-9750 Liberty, MO 816-415-0004 Randleman, NC 336-498-8900 Springfield, OH 937-882-6354 Walker, MI 616-453-9845 Wooster, OH 330-264-8416 Lynch Metals A Division of Metals USA Carbon Flat Rolled, Inc. Union, NJ – Headquarters 908-686-8401 Anaheim, CA 714-238-7240 Ohio River Metal Services, Inc. A Subsidiary of Metals USA Carbon Flat Rolled, Inc. Jeffersonville, IN 812-282-4770 Metals USA Plates and Shapes, Inc. A Subsidiary of Metals USA, Inc. Langhorne, PA – Headquarters 267-580-2100 Ambridge, PA 724-266-7708 Bethlehem, PA 610-691-4270 Fairless Hills, PA 215-337-7000 Greensboro, NC 336-674-7991 Mobile, AL 251-456-4531 Newark, NJ 973-242-1000 Oakwood, GA 770-536-1214 Philadelphia, PA 215-673-9300 Seekonk, MA 508-399-8500 Waggaman, LA 504-431-7010 York, PA 717-757-3549 Gregor Technologies, LLC A Subsidiary of Metals USA Plates and Shapes, Inc. Torrington, CT 860-482-2569 21 2020 ANNUAL REPORT Metals USA Plates and Shapes Southcentral, Inc. A Subsidiary of Metals USA, Inc. Enid, OK 580-233-0411 Muskogee, OK 918-487-6800 Tulsa, OK 918-583-2222 Billings, MT 406-245-2210 Boise, ID 208-323-8045 Eugene, OR 541-485-1876 Spokane, WA 509-535-0326 The Richardson Trident Company, LLC A Subsidiary of Metals USA Plates and Shapes Southcentral, Inc. Richardson, TX – Headquarters 972-231-5176 PDM Steel Service Centers, Inc. Elk Grove, CA – Headquarters 916-513-4548 Odessa, TX 432-561-5446 Tulsa, OK 918-252-5781 Altair Electronics, LLC A Subsidiary of The Richardson Trident Company, LLC Richardson, TX 972-231-5176 Metalweb Limited Birmingham, United Kingdom – Headquarters 44 121 328 7700 London, United Kingdom 44 199 245 0300 Manchester, United Kingdom 44 161 483 9662 National Specialty Alloys, Inc. Houston, TX – Headquarters 281-345-2115 Anaheim, CA 714-870-7800 Buford, GA 770-945-9255 Denver, CO 303-297-1456 Fresno, CA 209-943-0513 Las Vegas, NV 702-413-0067 Provo, UT 801-798-8676 Reno, NV 775-358-1441 Santa Clara, CA 408-988-3000 Stockton, CA 209-943-0513 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 Aleaciones Especiales de México, S. de R.L. de C.V. A Subsidiary of National Specialty Alloys, Inc. Cuautitlán, Mexico 52 55 2225 0835 Northern Illinois Steel Supply Co. Channahon, IL – Headquarters 815-467-9000 Houston, TX 800-892-1601 Pacific Metal Company Portland, OR – Headquarters 503-454-1051 Birmingham, AL 205-841-7477 Charlotte, NC 704-588-7075 Cincinnati, OH 513-727-4763 Fort Smith, AR 479-452-3802 Hammond, IN 513-727-4763 Kansas City, KS 913-321-5200 Nashville, TN 931-486-1456 Philadelphia, PA 215-295-9512 Richmond, VA 804-222-5052 St. Louis, MO 636-379-4050 Tampa, FL 813-626-8999 Aluminum & Stainless A Division of Phoenix Corporation Lafayette, LA 337-837-4381 New Orleans, LA 504-586-9191 Precision Flamecutting and Steel, Inc. Houston, TX 281-477-1600 Precision Strip Inc. Minster, OH – Headquarters 419-628-2343 Bowling Green, KY 270-282-8420 Dayton, OH 937-667-6255 Indianapolis, IN 765-778-4452 Jeffersonville, IN 812-850-3161 Kenton, OH 419-674-4186 Middletown, OH 513-423-4166 Portage, IN 219-850-5080 Rockport, IN 812-362-6480 Talladega, AL 256-315-2345 Toledo, OH 419-661-1100 Vonore, TN 423-271-3690 Woodburn, KY 270-542-6100 Woodhaven, MI 734-301-4001 22 EMERGING STRONGER Lorain, OH 440-960-6100 New Haven, MO 800-325-0890 Rialto, CA 909-429-6900 Valex Corp. Ventura, CA 805-658-0944 Valex Semiconductor Materials (Zhejiang) Co., Ltd. A Subsidiary of Valex Corp. Haiyan Economic Development Zone, People’s Republic of China 86 21 5818 3189 Valex Korea Co., Ltd. A 96% 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. Southington, CT – Headquarters 860-406-6061 East Hanover, NJ 973-463-1166 Greensboro, NC 336-500-0535 Hauppauge, NY 631-232-1600 Limerick, PA 610-495-7545 North Canton, OH 330-342-7020 Pelham, NH 603-635-1266 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. Seattle, WA – Headquarters 253-627-2910 Canton, OH 330-833-5800 Wichita, KS 316-838-7737 Dynamic Metals International A Division of Service Steel Aerospace Corp. Windsor, CT 860-688-8393 United Alloys Aircraft Metals A Division of Service Steel Aerospace Corp. Los Angeles, CA 323-588-2688 Siskin Steel & Supply Company, Inc. Chattanooga, TN – Headquarters 423-756-3671 Louisville, KY 502-716-5140 Nashville, TN 615-242-4444 Spartanburg, SC 864-599-9988 East Tennessee Steel Supply Co. A Division of Siskin Steel & Supply Company, Inc. Morristown, TN 423-587-3500 Sugar Steel Corporation Chicago, IL – Headquarters 708-757-9500 Evansville, IN 812-428-5490 Perrysburg, OH 419-661-8500 Tubular Steel, Inc. St. Louis, MO – Headquarters 314-851-9200 Katy, TX 281-371-5200 Hazelwood, MO 314-524-6600 23 2020 ANNUAL REPORT CORPORATE DIRECTORY D IREC TOR S Mark V. Kaminski (1), (2) Chairman of the Board Executive Chairman and Director Graniterock Sarah J. Anderson (1), (2), (4) Former Partner Ernst & Young LLP Lisa Baldwin (1), (2), (3) Chief Information Officer Tiffany & Co. Karen W. Colonias (1), (2), (3) President and Chief Executive Officer Simpson Manufacturing Co., Inc. John G. Figueroa (1), (3), (4) Chairman and Chief Executive Officer Carepathrx David H. Hannah Former Executive Chairman of the Board Reliance Steel & Aluminum Co. James D. Hoffman Chief Executive Officer Reliance Steel & Aluminum Co. Karla R. Lewis President Reliance Steel & Aluminum Co. Robert A. McEvoy (1), (3), (4) Former Managing Director Goldman Sachs Andrew G. Sharkey, III (1), (3), (4) Former President and Chief Executive Officer American Iron and Steel Institute Douglas W. Stotlar (1), (2), (4) Former President and Chief Executive Officer Con-way Inc. (1) Independent Director (2) Member of the Audit Committee (3) Member of the Compensation Committee (4) Member of the Nominating and Governance Committee OF F ICER S James D. Hoffman Chief Executive Officer Karla R. Lewis President William K. Sales, Jr. Executive Vice President, Operations Jeffrey W. Durham Senior Vice President, Operations Stephen P. Koch Senior Vice President, Operations Michael P. Shanley Senior Vice President, Operations William A. Smith II Senior Vice President, General Counsel and Corporate Secretary Arthur Ajemyan Vice President, Chief Financial Officer Suzanne M. Bonner Vice President, Chief Information Officer Brenda S. Miyamoto Vice President, Corporate Initiatives Donald J. Prebola Vice President, Health and Human Resources John A. Shatkus Vice President, Enterprise Risk Silva Yeghyayan Vice President, Tax 24 EMERGING STRONGER CORPORATE INFORMATION TRANSFER AGENT & REGISTRAR American Stock Transfer & Trust Company, LLC 6201 15th Avenue Brooklyn, NY 11219 800-937-5449 718-921-8124 astfinancial.com INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM KPMG LLP Los Angeles, CA RELIANCE STEEL & ALUMINUM CO. PRINCIPLE EXECUTIVE OFFICES 350 South Grand Avenue Suite 5100 Los Angeles, CA 90071 213-687-7700 rsac.com FORM 10-K A copy of the Annual Report on Form 10-K, filed with the United States Securities and Exchange Commission, is available at sec.gov or investor.rsac.com or upon request to: William A. Smith II Senior Vice President, General Counsel and Corporate Secretary Reliance Steel & Aluminum Co. 350 South Grand Avenue Suite 5100 Los Angeles, CA 90071 INVESTOR RELATIONS CONTACT 213-576-2428 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 sales prices for the Company’s common stock in 2020 were $122.65 and $71.42. The following table sets forth the high and low sales prices of the Company’s common stock for the stated calendar quarters. 2020 1Q 2Q 3Q 4Q LOW HIGH $71.42 $121.50 $79.76 $102.13 $109.24 $89.88 $122.65 $104.75 STOCKHOLDERS OF RECORD AND DIVIDEND POLICY As of February 19, 2021, there were 173 record holders of our common stock. We have paid quarterly cash dividends on our common stock for 61 consecutive years. Our Board of Directors has increased the quarterly dividend rate on a periodic basis 28 times since our IPO in 1994. FORWARD-LOOKING STATEMENTS This Annual Report includes statements that, to the extent they are not recitations of historical fact, may constitute forward-looking statements within the meanng of the federal securities laws, and are based on Reliance’s current expectations and assumptions. For a discussion identifying important factors that could cause actual results to vary materially from those anticipated in the forward- looking statements, see Reliance’s 2020 Form 10-K. As a result, these statements speak only as of the date that they are made, and Reliance disclaims any and all obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. 25 2020 ANNUAL REPORT 350 SOUTH GRAND AVENUE, SUITE 5100 | LOS ANGELES, CA 90071 | 213-687-7700 | RSAC.COM
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