Global Brass and Copper : Investor Presentation

METALLICIPOPresentations36. Investor RoadshowInvestor Roadshow Presentation v72.pptx

(NYSE: BRSS)

Investor Presentation January 9, 2017

Forvw72.paptxrd-looking statements and

non-GAAP financial measures

Forward-Looking Statements

This presentation contains "forward-looking statements" that involve risks and uncertainties. You can identify forward-looking statements because they contain words such as "believes," "expects," "projects," "may," "would," "should," "seeks," "approximately," "intends," "plans," "estimates," "anticipates" or similar expressions that relate to our strategy, plans or intentions. All statements we make relating to our estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results or to our expectations regarding future industry trends are forward-looking statements. In addition, we, through our senior management, from time to time make or may make forward-looking public statements concerning our expected future operations and performance and other developments.

These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may change at any time, and, therefore, our actual results may differ materially from those that we expected. We derive many of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. All forward-looking statements contained in this presentation are based upon information available to us on the date of this presentation. Important factors that could cause actual results to differ materially from our expectations, which we refer to as "cautionary statements," are disclosed under the "Risk Factors" section in Item 1A of our Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on March 9, 2016, and subsequent Reports on Form 10-Q, including, without limitation, in conjunction with the forward-looking statements included in our other SEC filings. All forward-looking information in this presentation and subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the cautionary statements.

Non-GAAP Financial Measures

Included in this presentation are certain non-GAAP financial measures, including adjusted sales, EBITDA, adjusted EBITDA, adjusted diluted earnings per common share and free cash flow. These measures are designed to complement the financial information presented in accordance with generally accepted accounting principles in the United States of America because management believes such measures are useful to investors. Our non-GAAP financial measures are not necessarily comparable to other similarly titled captions of other companies due to potential inconsistencies in the metrics of calculation. For a reconciliation of net sales to adjusted sales, net income (loss) to EBITDA and adjusted EBITDA, diluted net income per common share, as reported, to adjusted diluted earnings per common share, and net income (loss) to free cash flow, see the appendix to this presentation.

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Overview

• Market leading convertor, fabricator, and distributor

• Non-ferrous - strip, rod, stamped and fabricated parts

• Three operating segments & ~1,850 employees

• ~ 1,600 customers, 15,000 SKUs, and 50+ alloys

• 13 manufacturing and distribution sites - 3 outside the USA

  Balanced Business Mix

  2015 Adjusted EBITDA - $121mm

• 2015 Adjusted Sales of $534mm

• 2015 Adjusted EBITDA of $121mm (23% of Adjusted Sales)

• Financial performance driven by conversion economics

  • Balanced book minimizes effect of metal price volatility

• Strong balance sheet

  • 2.3x Net Debt / LTM Adjusted EBITDA as of 9/30/2016

  • ~$255mm in liquidity as of 9/30/2016

A.J. Oster 12%

Chase Brass 52%

Olin Brass 36%

Note: See appendix for Adjusted Sales, Adjusted EBITDA reconciliations and balance sheet calculations.

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Our products and markets

We avoid commoditized products and serve a group of key industrial end markets Metal Converters End Uses & Markets

Copper Wire

2015 Pounds Shipped - 512mm lbs

Sheet, Strip, Plate (SSP)

Electronics & Elec. Comp.

6%

Alloy Rod

Coinage 9%

Electro Deposited Foil

Industrial Machinery & Equip.

11%

Other

7%

Munitions 19%

Building & Housing 31%

Auto & Transport 17%

Tube

GBC Products