Company: ZEUS
Filing Date: 2025-10-29
Form Type: 425
Source: 0001193125-25-256374
Chunk: 9

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-29
Form: 425
Chunk 9
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, I think the picture truly is worth 1,000 words. Rick?

Rick Marabito: Yep. The next slide. This is something I tell you I get this is an area I get really excited about. So if you look at the top there, the two
companies combined over the last three years have invested a massive amount back into the company, $480 million. And I think the title of this slide is exactly right primed. I think we’re primed. So the vast majority of the money on the
current investments and CapEx our portfolio has already been spent. And so, what that means is we are both now primed to reap the returns on these investments. And I think the benefit of a merger is we’re going to get there faster through a
larger combined platform.

And then let’s not even mention what Eddie talked about earlier. And that’s the opportunity for a
power boost or a multiplier effect from tailwinds in the metal market. So demand has been off for several years. We get demand back to a normalized demand scenario with $480 million recently invested. And I think that is a very, very strong
indication of what we can do together. Briefly, I’ll touch on Olympic’s side of the equation in terms of what some of the investments were, and then I’ll have Eddie talk about Ryerson’s recent investments.

But Olympic, I like to refer to our capital spending over the last year and a half to two years as the big five. So it includes a new cut to
length line in Minneapolis, and we’re targeting their carbon growth coated carbon growth specifically. A new white metals cut to length line in Chicago, a high-speed specialty stainless slitter at Berlin Metals. Berlin’s right outside of
Gary, Indiana. The biggest of the five is in Chambersburg, Pennsylvania. That’s one of our plate processing hubs. And in Chambersburg, we’ve got a massive automation project which includes all new lasers and plasma processing equipment
and capacity coupled with material handling automation. So a lot of our movements are going to be touchless. So we’re really excited about that one.

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And then finally, we’ve expanded down south in Texas in the stainless area through
action stainless expansion in Houston. So all these projects, they’re poised for returns on the Olympic side for 2026 through 2028 timeframe. And I say that’s perfect upside timing for the merger. Eddie, you want to talk about from the