Radius Recycling (RDUS) Investor Presentation summary

Transaction overview

• Radius Recycling to be acquired by Toyota Tsusho, accelerating investment in future growth.

• The acquisition brings together two companies focused on advancing the circular economy by increasing recycling and reducing waste.

• Radius will operate as a wholly-owned subsidiary, retaining its teams, facilities, strategy, and brands.

• Headquarters will remain in Portland, Oregon, preserving local teams, brands, and legacy.

• Transaction subject to shareholder and regulatory approvals, with expected close in the second half of 2025.

Strategic rationale and benefits

• Toyota Tsusho will invest in Radius' infrastructure and manufacturing capabilities across operating sites.

• Radius will benefit from Toyota Tsusho's financial strength, recycling technology, and automotive sector experience.

• The deal enhances Radius' ability to invest in its metals recycling platform, auto recycling business, and steel production.

• Both companies will combine recycling capabilities to improve services for automotive OEMs and supply chain networks.

• Commitment to protecting and creating jobs, honoring collective bargaining agreements, and maintaining compensation and benefits.

Company profiles and operational highlights

• Radius operates 54 metals recycling facilities and 50 used auto parts stores across North America, with $2.7B in 2024 revenue.

• Supplies recycled materials globally and operates an integrated closed-loop platform, including an electric arc furnace and rolling mill.

• Toyota Tsusho, with $65B in 2024 revenue, has a 65-year U.S. presence and 23 U.S. locations, focusing on closed-loop supply chains and recycling technologies.

• Toyota Tsusho processes over 600,000 gross tons of scrap annually and has a history of successful acquisitions and job creation.

• Both companies are committed to advancing recycling technologies and building closed-loop ecosystems, especially for automotive and battery sectors.