SIMS LIMITED — Interim / Quarterly Report 2013

Aug 22, 2013

Financial ResultsFull year ended 30 June 2013

Geoffrey N. Brunsdon, ChairmanRob Larry, Group Chief Financial Officer23 August 2013

Disclaimer

Cautionary Statements Regarding Forward-Looking Information

This presentation may contain forward-looking statements, including statements about Sims Metal Management's financial condition, results of operations, earnings outlook and prospects. Forward-looking statements are typicallyidentified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project" and other similar words and expressions.

These forward-looking statements involve certain risks and uncertainties. Our ability to predict results or the actual effects of our plans and strategies is subject to inherent uncertainty. Factors that may cause actual results or earnings to differ materially from these forward-looking statements include those discussed and identified in filings we make with the Australian Securities Exchange and the United States Securities and Exchange Commission ("SEC"), including the risk factors described in the Company's Annual Report on Form 20-F/A, which we filed with the SEC on 18 March 2013.

Because these forward-looking statements are subject to assumptions and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this release.

All subsequent written and oral forward-looking statements concerning the matters addressed in this presentation and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this release. Except to the extent required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release.

All references to currencies, unless otherwise stated, reflect measures in Australian dollars.

Financial Overview

	SlRaesevenue$1937,m	20%-
	1UdliEBITDAnerngy$191m	%25-
	1UdliEBITneryng$68m	4%5-
	1UdliNPATneryng$17m	77%-
-	StttNPATaoruy$466m	25%-

Cfhtiasromoperaons$297m	3%
NtDbtee$154m	47%-
Gi(ND/NDE)+earng7%	%35-
1UdliEPSneryng8.3c	77%-
SStttEPaoruy228.1c-	2%5-
Flldiidduyearven

1. Underlying excludes goodwill and other intangible asset impairments, and all other significant items

Key Earnings Drivers

Underlying EBITDA1 of $191m, down 25%

• North America EBITDA increased by $29m, lifted by higher sales margins and lower controllable costs, offset by lower volumes and falling average scrap metal prices
• Australasia EBITDA fell by $12m due to falling scrap metal prices, as well as a lower gain realised from commodity derivative hedging
• Europe EBITDA dropped $74m, impacted significantly by lower precious metal prices, high competition, and lower volumes in the Sims Recycling Solutions ("SRS") e-recycling business

1. Underlying excludes goodwill and other intangible asset impairments, and all other significant items

Operational Gains in North America

• North America underlying EBITDA1 of $104m improved 39% over FY12
• Underlying EBIT margins expanded to $7/t in 2H FY13, in spite of declining ferrous and non-ferrous scrap prices
• North America Metals underlying controllable costs reduced by $48m
• Divestitures of non-core businesses in Arizona, Colorado, and Nashville
• Development of New England, Gulf, and Southwest metals recycling footprints

1. Underlying excludes goodwill and other intangible asset impairments, all other significant items, and unallocated group corporate costs

Reductions Across Controllable Cost Base

• $60m in net underlying controllable cost savings within targeted businesses
• Headcount reduced by 279 employees in FY13, 85% (237) of the total occurring in 2H FY13
• Cost savings expected to be sustainable until intake volumes change materially
• Reducing controllable costs will remain a focus for management over FY14

1. Underlying excludes goodwill and other intangible asset impairments, and all other significant items

Key Scrap Generation Drivers

US Consumer Confidence

Improvement in key scrap generation drivers

• US consumer confidence up 13% over 2012
• US light vehicle sales up 6% over 2012
• US household appliance manufacturers shipments up 7% over 2012

1. Source: Conference Board, 2013 avg year-to-date; 2. Source: BEA, annualised July 2013 YTD data

2. Source: US Census, annualised June 2013 YTD data

Operational Overview

1. Underlying excludes goodwill and other intangible asset impairments, all other significant items, and unallocated group corporate costs

North America Regional Results

$Am	FY2013	FY2012	Ch%g
Reenevu	45346,	6027.0,	()248
1EBITDA	1044	715	390
1EBIT	367	()1.5	-
SlVl(M)taesoumes	9377	11.080	(14)5
SlMi(%)aesargn	154%	11.7%	-

Performance

• North America underlying EBITDA of $104m improved 39% over FY12
• Prudent selective buying led to sales margin per tonne improvement, offset somewhat by declining ferrous and non-ferrous prices
• Sales volumes decline of 15% in part due to lower export demand impacting brokerage sales through the Sims Adams Recycling JV
• Earnings assisted by significant underlying cost savings, including a $48m reduction in North America Metals

Strategic Progress

• Divestitures of non-core businesses in Arizona, Colorado, and Nashville
• Development of New England, Gulf, and Texas & Oklahoma metals recycling footprints
• Continued focus on cost reductions
• 1. Underlying excludes goodwill and other intangible asset impairments, all other significant items, and unallocated group corporate costs

1. Other includes, income from JV's, associates, and other income

Australasia Regional Results

$Am	FY2013	FY2012	Ch%g
Reenevu	1,0831	1,2281	(11.8)
1EBITDA	87.7	995	(11.8)
1EBIT	61.7	746	(17.2)
S()lVlMtaesoumes	1.674	1.277	(0)5
SlMi(%)aesargn	239%	21.1%	-

Performance

• Australasia underlying EBITDA of $88m lower by 12%, largely due to lower gains from commodity derivatives held for hedging purposes
• Sales margins on a per tonne basis held broadly flat, notwithstanding declining ferrous and non-ferrous prices over FY12
• Sales volumes down 1% over FY12
• Controllable cost savings of $10m in Australia Metals offset by increased costs due to expanding business activity in APAC SRS erecycling

Strategic Progress

• Non-core Australasian manufacturing footprint reduced further with closure of secondary lead smelting operations
• Acquisition of Paramount Browns in SA, capital upgrade of the St. Mary's yard in NSW, and installation of a downstream nonferrous extraction facility in VIC
• Continued focus on cost reductions

1. Underlying excludes goodwill and other intangible asset impairments, all other significant items, and unallocated group corporate costs

2. Other includes, income from JV's, associates, and other income

Europe Regional Results

$Am	FY2013	FY2012	Ch%g
Revenue	1,5753	1,7806	(11.5)
1EBITDA	102	804	(89)7.
1EBIT	(192)	561	(1342)
S()lVlMtaesomesu	1.645	1.651	()04
SlMi(%)aesargn	142%	19%7.	-

Performance

• European Region underlying EBITDA of $10m down 88% over FY12
• Sales margin decline primarily reflecting drop in non-ferrous and precious metal prices, impacting the SRS e-recycling business
• Sales volumes broadly flat in UK Metals
• Underlying controllable cost reductions

Strategic Progress

• New management appointed in both the UK Metals & Global SRS businesses
• 10% headcount reduction over FY12
• UK Metals: two shredders idled and several small yards closed
• SRS: implementation of business restructuring in the UK and Europe, expected to show benefits during FY14
• Continued focus on cost reductions
• 1. Underlying excludes goodwill and other intangible asset impairments, and all other significant items

1. Other includes, income from JV's, associates, and other income

Product Category Results

1$EBITA(A)m	FY2013	FY2012	Ch%g
2Ferrosu	1160	1280	(94)
NFonerrous	057.	177.	(261)
SRS	243	949	(744)
f//OMJVthgser	125	(129)	1969
CCttorporaeoss	(119)5	(1368)	(126)
Atitimorsaon	(224)	(268)	(164)
UdliEBITneryng	697.	123.5	(40)5.

SlVl(Mt)aesoumes	FY2013	FY2012	Ch%g
3Ferrous	9395	10227	(89)
FBkerrousroerage	2840	3597	(21.0)
NFonerrosu	550	586	()61
Ohter	037	048	(229)
Ttloa	12786	14503	(11.8)

Performance

• Ferrous EBITA declined by 9%, due to lower sales volumes, most significantly in ferrous brokerage
• Non-Ferrous EBITA was lower by 26% due to a combination of lower volumes and declining commodity prices impacting margins
• SRS EBITA fell 74% due to lower volumes, challenging European economic conditions, and a drop in non-ferrous and precious metal prices which decreased the value of processed material and compressed margins

Strategic Progress

• $60m in cost savings across the ferrous and non-ferrous focused Metals businesses
• Divestitures of Nashville JV and closure of Australian lead smelting operations
• New President of Global SRS business appointed 1 July, 2013
• SRS repositioning to a lower working capital and higher turnover model, while looking at strategies to further reduce costs

1. Underlying excludes goodwill and other intangible asset impairments, & all other significant items

2. Includes all Ferrous products (incl. brokerage &NFSR) 3. Excludes Ferrous Brokerage

Financial Review

Rob Larry, Group CFO

Financial Overview

		Rettdsae
	FY2013	FY2012	C(%)hange
$SleRe()asvenuem	7,193.0	9,035.7	()20.4
$EBITDA()m	()41.5	182.2	()122.8
$UdlyinEBITDA()*nergm	191.4	253.4	(24.5)
$G&()dwillIntibleAstImirmtooangsepaenm	304.4	6675.	(4.9)5
$Deiatio()precnm	101.1	103.1	()1.9
$Amisio()ttoranm	22.4	26.8	(16.4)
$()EBITm	(469.4)	(623.3)	(24.)7
$()*UdlyinEBITnergm	697.	123.5	()45.0
$NPAT()m	(466.1)	(622.5)	(25.1)
$UdlyinNPAT()*nergm	17.1	74.0	(76.9)
S() –EPtdilutdcense	(228.1)	(302.4)	()24.6
UdlyinEPS(t) –dilutd*nergcense	8.3	35.6	(76.7)
$Nehinflofroiniviie()ttttcaswmoperagacsm	297.3	289.6	2.7
$C()itlExdituapapenresm	19.04	161.1	()7.5
$NetDebt()m	153.8	292.2	()47.4
NetDebt/(NetDebtEqity)(%)+u	7.4%	11.3%	(34.9)
S()leTo'000asnnes	12,867	14,035	(11.8)
FullFislYeDividdDetind(tha)caarenermecensper sre	0.0	20.0	()100.0

*Underlying EBITDA, EBIT, NPAT and EPS are adjusted to exclude significant items as listed on slide 15 and 34

Group Balance Sheet

	f30AsJuone	Rettdsaef30AsJuone
$m	2013	2012	$C()hange	C(%)hange
CutAstrrenses	$1,19.45	$1,429.1	(269.7)	(18.9)
NoAsttn-currenses	1,757.4	2,079.9	()322.5	()15.5
TotlAstases	2,916.8	3,509.0	(592.2)	(16.9)
CutLiabilitierrens	61.47	34.27	(62.8)	(8.6)
NoBointn-currenrrowgs	189.1	329.9	()140.8	()42.7
OtheNotLiabilitiern-currens	127.5	161.2	(33.7)	(20.9)
TotlLiabilitieas	988.0	1,2235.	(233)7.	(19.4)
NeAsttses	$1,928.8	$2,283.7	()354.9	()15.5
$()NetDebtm	153.8	292.2	(138.4)	()47.4
NetDebt/(NetDebtEqity)(%)+u	4%7.	11.3%	-	-

Group Cash Flow

		Retateds
$m	FY2013	FY2012	$C()hange
(Lo)/Prfitfothessoryear	$(466.1)	$(622.)5	$16.45
Adjtmtsfohiteusenr non-casms
Deiaiond aisaiontttprecanmor	123.5	129.9	(6.4)
f g&&Imirmt odwill,PPEintaibletspaenoongasse	365.6	676.0	(310.4)
CGImirmtininvtmtinTpaenesen	14.9	0.0	14.9
/(Ga)fLoinlejintlytrolled etitiesd atsssonsaooconnansse	0.3	(35.7)	36.0
fLolebuinedivisionsson saossss	10.1	0.0	10.1
Sha-bad ptsreseaymen	16.1	24.3	(8.2)
Eqityted pfitst ofdividedsiveduaccounronenrece	215.	13.1	12.0
Other	05.	(0.2)	25.
Chaintingtsdliabilitiesngeoperaassean	202.8	104.7	98.1
Nehinflowfroingiviiest ctttasmoperaac	$297.3	$289.6	$7.7
PafoPP&Etsymenr	$()149.0	$()161.1	$12.1
Paisiionf sbsidiariesf ch airedtstt oymenonacqus ouneascqu,	(28.1)	(82.2)	54.1
fofPatstheinaial atsymenr orncsse
	(1.4)	(1.5)	0.1
Lotothird pty,tanaarne	1.6	(13.8)	15.4
PrdsfrolefPP&Eoceemsao	4.8	6.6	(1.8)
Prdsfrolefbuinedivisionoceemsaossss	44.9	0.0	44.9
Prdsfrolef othefinaial atsoceemsaorncsse	1.1	0.4	0.7
Lod pfoininiatottetteananaymenr anresanassoc	0.0	(131.3)	131.3
Prdsfrolefjinlylled eiiesd attrotttsoceemsaooconnansse	7.3	40.0	(32.7
Ref cilfrojinlylled eiiestutattrottrnoapmoconn	0.0	0.3	)(0.3
Neh oflowfroinvingiviiest cttttasumesac	$()118.8	$()342.6	)$223.8

Significant Items by Region

	Autralasias	NothAmicarer	Europ	GroupCoterpora	PrTaTotale-x	AfTater-xTotal
$m			eFY20	13
NohGodwill&InibleAsImirmtattn-casongsepaen	$-	$293.1	$3.7	$7.6	$304.4	$270.8
ImirmtininvtmtinCTGpaenesen	194.	-			14.9	14.9
FixedAstImirmtsepaen	-	17.1	44.1	-	61.2	54.7
Wite-dof eipt srwnoqumenpares	-	-	5.1	-	5.1	5.1
NatulDisatet ofinsrasr expenses,neuranceiesrecover	-	4.3	-	-	4.3	2.7
ImirmfReivablet oLopaenance	-	4.8	-	-	4.8	3.0
UKInvWidotote-enryrwns	-	-	63.9	-	63.9	63.9
InvtoAdjtmtstoNetRelisableValueenryusena	-	2.8	3.2	-	6.0	4.9
fCGWite-doTdeivatived eitytedrwnors anquaccounlosses	21.3	-	-	-	21.3	21.3
LeSettlemts/OnLeaseenerousases	0.1	8.7	4.3	-	13.1	9.7
RedudaPrisionnncyovs	0.5	4.8	2.0	-	37.	05.
Settlemt of aDispteith aThirdPatyenuwr	-	4.7	-	-	4.7	4.7
Sha-badCotionlatedtoresempensaexpenserefoCEOrmer	-	-	-	3.4	3.4	2.1
YadClos/Dilapidaiontrures	3.8	0.5	4.2	-	8.5	7.2
CrdiLotesses	-	1.1	1.8	-	2.9	2.0
Trion&OheAcisiionCottttsansacrqus	1.0	1.2	0.9	-	3.1	2.4
SalefBuineDivisionLossonossss	-	10.1	-	-	10.1	10.0
CoialSettlemtsmmercen	-	(1.5)	(1.8)	-	(3.3)	(2.7)
Lo/(Gain)SalefJointlyCotrolledAstsdssononseanEntities	1.3	0.3	-	-	1.6	1.5
TotalSigificatItefoFY2013nnmsr	$42.9	$32.05	$131.4	$11.0	$3357.	$483.2

Strategy and Outlook

Geoffrey N. Brunsdon, Chairman

Progress Towards Strategic Goals

1)	TdCRditttargeeoseucons	2)	PfliOiiitttoroopmsaon
	Fibiiildttocusoncosssavngsegnnngoye$ltith45itdlitllblressmnnenerngconroaeuwuytdtiiFY13FY12cosreconsnoeruv		Oiiifflidiiltttttttpmsaonoasseporoooreccapatdhihttibioarsgesrernngsnesseswuu
	Cifittttossavngsromresrucurng,asse		fDititltitvesuresoowerreurnngnon-coreassesildiCldNhill&AiiFY13ncungooraoasverzonan,
	didlldhdtttttvesmens,anrecenycompeeeacoundidhbfihhtttttreuconsexpeceosowenesrougFY14		EdiNEld&GlfRiihtxpanngewnganuegonsneUSdiAtliMtlangrowngusraaeas
	CtdtiilliiitiFY14osreuconswremanaproryn		fIdlilthhtilitiiUKMtltngorogpacesneasowuuflitthhtikddhddrougpuneyyarsansreers
3)	ERliPltfeccngaormy-	4)	GthOtitiropporneswu
	AittfidtflblpponmenonewpresenogoaSStitk1Jl2013operaons,eernac,vuuy,		Ntfitiliitear-ermocusremansonraonasngcossdiititblihdktanmprongrernsnesasemares,vu
	Iitilbiihldttitnausnessrevewaseoaconoilfldhdtttt,resrucuremaeraowreuceeacoun,dllifiliittancoseowreurnngaces		SithltiiUeerageoanmprongeconomwvvyLflifttttongermsraegyoeveragngecosysemo-liiillife-recycngmuncparecycngnon-errous,,,dfbilitilbltit

Continued Attention to Cost Savings

Cost savings benefits weighted towards FY14

• Cost savings actions accelerated in mid-FY13 with 85% of the 279 net headcount reductions occurring in 2H FY13
• Roughly 70% of FY13 net underlying controllable cost savings related to lower employee benefit expenses
• Cost savings expected to be sustainable until intake volumes change materially
• Continued focus on achieving further cost reductions in FY14

Employee benefit expenseRepairs, maintenance, & other expenses

Managing the Asset Portfolio

North America

• Actions: Divestitures of Arizona, Colorado, and Nashville JV in FY13. Sale of Aerospace Metals and Birmingham operation in July 2013
• Outlook: New England ramp up with shredder online in 1H FY14, and stage one completion of NYC Municipal Recycling in 1H FY14

Australasia

• Actions: Acquisition of Paramount Browns, capital upgrade of St. Mary's yard, installation of a nonferrous extraction facility in VIC, and closure of non-core lead smelting operations
• Outlook: Net benefit to earnings from capital investments and cost reductions in Australia Metals

Europe

• Actions: Idled two shredders (of five total), closed five low throughput yards, and restructuring action in UK & Continental SRS
• Outlook: Net benefit to earnings from UK Metal and SRS restructuring expected

Rapidly Restructuring UK Metals and SRS

UK Metals

• New management team of Peter Bird (Operations) and Paul Wright (Commercial) appointed 1 July, 2013
• 13% net headcount reductions in FY13, two shredders idled & several small yards closed
• Cost reductions will remain a focus for management over FY14

Global SRS

• New President of Global SRS, Steve Skurnac, appointed 1 July, 2013
• SRS repositioning to a lower working capital higher turnover model, while looking at strategies to further reduce costs
• Management believes initial restructuring actions have stabilised the business and should lead to improved outcomes in FY14
• Continued focus on costs and maturation of internal control environment in UK SRS

Outlook

CEO Appointment

• The Board continues to evaluate candidates and has narrowed the field to external candidates
• The Board expects to announce an appointment by the end of the first quarter of FY14

FY14 Trading Update & Outlook

• East Coast export ferrous scrap markets improved through July and August, with West Coast export markets initially lagging but have shown increasing demand in August
• Non-ferrous prices have experienced some momentum since the start of FY14, but markets remain both unpredictable and volatile
• At present trading liquidity remains firm in deep sea ferrous & international non-ferrous markets
• Capital expenditure expected to be circa $80m in FY14 (down from $149m in FY13)

AppendixReporting segment information

Sales Revenue by Region

FY 2012

$m	FY2013	FY2012	Cha(%)nge
Aulasiatras	1,083.1	1,228.1	(11.8)
NohAmicatrer	4,34.65	6,0207.	(24.8)
Europe	1,575.3	1,780.6	(11.5)
Total	$7,193.0	$9,035.7	(20.4)

• FY2013 sales revenue was mostly impacted by a 1.7 million tonne (12%) reduction in shipments compared to PCP which was mostly related to North America. Realised selling prices were also lower in FY2013 when compared to PCP.

Sales Revenue by Product

Manufacturing/Other

$m	FY2013	FY2012	Cha(%)nge
FeTrdinrrousag	$3,462.6	$4,359.9	(20.6)
NoFeShrdRenrrousecovery	312.3	326.7	(4.4)
FeBrkerrousorage	1,042.1	1,2.057	(33.)7
NoFeTrdin/Brkenrrousagorage	1,353.0	1,656.5	()18.3
RelinSoluiotcycgns	968.8	1,011.8	(4.3)
Mafatuin/Othenucrgr	4.25	108.8	(0.2)5
Total	$7,193.0	$9,035.7	()20.4

• • Ferrous brokerage sales associated with SAR JV were $577.4 million and $935.7 million, in FY 2013 and FY 2012, respectively.
• • Decline in Manufacturing/Other is primarily related to the divestiture of a significant part of a lead smelting operation.

EBITA (pre-goodwill & intangible asset impairment) by Region

$m	FY2013	RetatedsFY2012	Cha(%)nge
()Autralasia2s	19.7	106.4	()81.5
NothAmica(2)rer	(2.6)	(25.7)	(89.9)
Eu(2)rope	(140)5.	4.1	(3,636.6)
(1)EBITAbyReiogn	$(129)7.	$84.8	(20.8)5
GrCoCoUnllotedtetsacaouprporas	()14.7	()5.7	157.9
Amisaiofiniblestttaornong	(22.4)	(26.8)	(16.4)
EBIT(dwill&inibleimirm)tattpre-goongassepaen	$(160)5.	$2.35	(41)5.5
Go&dwillintaibletimirmtongassepaen	(304.4)	(675.6)	(54.9)
EBIT(t-gdwill&intaibletimirmt)posoongassepaen	$(469.4)	$(623.3)	(24.7)

• 1. EBITA by Region is before amortisation of intangibles and any add-back of significant items other than goodwill and other intangible asset impairment.
• 1. EBITA by Region was adversely impacted by significant items other than goodwill and intangible asset impairments as follows:

$m	FY2	013	FY2012
Aulasiatras	$	42.9	$(31.0)
NothAmicarer	$	8.95	$8.34
Europe	$	127.7	$53.9

EBITA (pre-goodwill & intangible asset impairment) by Product

$m	FY2013	RetatedsFY2012	Cha(%)nge
FeTrdin(inl.NFSR)rrousagc	44.4	52.2	(14.9)
FeBrkerrousorage	13.7	14.6	()6.2
NoFeTrdin/Brkenrrousagorage	42.1	72.4	()41.9
RelinSolutiocycgns	(65.1)	57.8	(212.6)
Mafain/JVs/Ohetutnucrgr	(28.7)	19.6	(246.4)
EBITAbyPrdutoc	$6.4	$216.6	()97.0
Gr&ReiolCoteCotsoupgnarporas	(149.0)	(137.5)	8.4
Amtisatiofintaiblesornong	(22.4)	(26.8)	(16.4)
(&EBITdwillintaibletpre-goongasseimirm)tpaen	$(160)5.	$2.35	(41)5.5

• • EBITA by product is presented pre-corporate costs (both group and regional head office costs) and amortisation of intangibles.
• • EBITA by product was adversely impacted by significant items other than goodwill and intangible asset impairments as follows:.

$m	2013FY	2012FY
FeTrding(incl.NFSR)rrousa	$57.9	$61.2
FeBrkerrousorage	-	-
/NoFeTrdingBrkenrrousaorage	$14.9	$4.7
RelingSolutioncycs	$89.4	$37.1
Mfg/JVs/Ohetr	41.2	$ -32.5
Gr&CoCoReionltsoupgarps	$29.5	$0.7

Intake Volumes by Region

TotalTo('000's)nnes	FY2013	RedtatesFY2012	Cha(%)nge
Autralasias	1,758	1,790	(1.8)
NothAmicarer	9,087	10,908	(16.7)
Europe	1,608	1,688	()4.7
Total	12,453	14,386	(13.4)

Intake Volumes by Product

TolTo('000's)tannes	FY2013	RetatedsFY2012	Cha(%)nge
FeShrd(inNFSR)rrousec.	4,416	5,021	(12.0)
OhePrdFetrocesserrous	4,845	1465,	(10.9)
FeBrkerrousorage	2,866	3,613	(20.7)
NoFeTrdin/Brkenrrousagorage	556	559	(0.5)
Ohetr	31	47	(34.0)
Total	12,453	14,386	()13.4

• Ferrous brokerage tonnes associated with SAR JV were 1.5 million and 2.0 million tonnes for FY 2013 and FY 2012, respectively.

Sales Volumes by Region

12.2%76.4%11.4%FY 2012

TotalTo('000's)nnes	FY2013	FY2012	Cha(%)nge
Autralasias	1,764	1,772	(0.5)
NothAmicarer	9,377	11,080	(14)5.
Europe	1,645	1,651	()0.4
Total	12,786	14,503	(11.8)

Sales Volumes by Product

TolTo('000's)tannes	FY2013	FY2012	Cha(%)nge
FeShrd(inNFSR)rrousec.	4,125	0925,	(11.4)
OthePrdFerocesserrous	4,847	5,180	(6.4)
FeBrkerrousorage	2,840	3,597	(21.0)
NoFeTrdin/Brkenrrousagorage	055	865	(6.1)
Other	37	48	(22.9)
Total	12,786	14,503	(11.8)

• Ferrous brokerage tonnes associated with SAR JV were 1.5 million and 2.0 million tonnes for FY 2013 and FY 2012, respectively.

Significant Items by Region – FY2013

	Aulasiatras	NohAmicatrer	Europe	GroupCoterpora	PrTaToltae-x	fAteTar-xTolta
$m		FY2013
Go&NohdwillIntaibleAstImirmtn-casongsepaen	$-	$293.1	$3.7	$7.6	$304.4	$270.8
ImirmininvinCTGttmtpaenesen	14.9	-			14.9	14.9
FixedAsImirmttsepaen	-	17.1	44.1	-	61.2	54.7
Widof eipte-t srwnoqumenpares	-	-	5.1	-	5.1	5.1
NalDisafinstutet orasr expenses,neuranceiesrecover	-	4.3	-	-	4.3	2.7
Imirmt ofLoReivablepaenance	-	4.8	-	-	4.8	3.0
UKInvtoWite-doenryrwns	-	-	63.9	-	63.9	63.9
InvtoAdjtmtstoNetRelisableValueenryusena	-	2.8	3.2	-	6.0	4.9
Wite-dofCTGdeivatived eitytedrwnors anqaccounulosses	21.3	-	-	-	21.3	21.3
LeSettlemts/OnLeaseenerousases	0.1	8.7	4.3	-	13.1	9.7
RedudaPrisionnncyovs	0.5	4.8	2.0	-	7.3	5.0
Selemf aDispih aThirdPattt otettyenuwr	-	4.7	-	-	4.7	4.7
Sha-badCoionladttetoresempensaexpenserefoCEOrmer	-	-	-	3.4	3.4	2.1
C/YadlosDilapidationrures	3.8	0.5	4.2	-	8.5	7.2
CrditLoesses	-	1.1	1.8	-	2.9	2.0
Trtion&OtheAcisitionCotsansacrqsu	1.0	1.2	0.9	-	3.1	2.4
LoSalefBuineDivisionssonossss	-	10.1	-	-	10.1	10.0
CoialSettlemtsmmercen	-	()1.5	()1.8	-	()3.3	()2.7
Lo/(Gain)SalefJointlyCotrolledAstsdssononseanEntities	1.3	0.3	-	-	1.6	1.5
TotalSigificatItefoFY2013nnmsr	$42.9	$352.0	$131.4	$11.0	$537.3	$483.2

Significant Items by Region – FY2012

	Autralasias	NothAmicarer	Europe	GroupCoterpora	PrTaTotale-x	AfTater-xTotal
$m			FY20	12
NohGodwill&IntaibleAstn-casongseImirmtpaen	$3.6	$69.15	$102.9	$-	$6675.	$62.95
NatulDisatet ofinsrasr expenses,neuranceiesrecover	(2.0)	(0.)7	-	-	(2.)7	(1.8)
UKInvtoWite-denryrowns	-	-	48.0	-	48.0	41.3
InvtoAdjtmtstoNetRelisableValuenryusenae	2.3	14.8	4.2	-	21.3	13.9
Wite-dfCTGdeivativedityrownors anequdlosteaccounses	1.2	-	-	-	1.2	1.2
RedudaPrisionncovnsy	2.2	5.5	2.2	-	9.9	6.6
Settlemt of aDispteith aThirdPatyenuwr	-	12.8	-	-	12.8	97.
FinlSettlemt of aBuinArtaensessrangemen	-	97.	-	-	97.	4.9
CrdiLoDuBakrf aCuttotctoessenuposmery	-	4.4	-	-	4.4	2.7
PeioPlanSpialChansnecrges	-	3.0	-	-	3.0	1.9
Trtio&OtheAcisitioCotsansacnrquns	1.0	0.6	0.9	-	2.5	1.8
CoialSelemtttsmmercen	-	-	(1.4)	-	(1.4)	(1.1)
Lo/(Gain)SalefJointlyCotrolledssononAsdEniieststtsean	(35.7)	-	-	-	(35.7)	(35.7)
TotalSigificatItefoFY2012nnmsr	$(27.4)	$617.4	$156.8	$0.0	$746.8	$696.5

North America Regional Results

	FY2013	FY2012	Cha(%)nge
$SleRe()asvenuem	$4,534.6	$6,027.0	()24.8
$EBITDA()(1)m	$45.5	$26.8	69.8
$()()UdlyinEBITDA2nergm	$104.4	$175.	39.0
$Deiatio()precnm	48.1	52.5	()8.4
$EBITA()(1)m	$(2.6)	$(25.7)	(89.9)
$UdlyinEBITA()(2)nergm	$6.35	$22.6	149.1
$Gdwill&IntibleAstImirmt()ooangsepaenm	293.1	69.15	(48.)5
$Amisiofinible()tttoranoangsm	19.6	24.1	(18.7)
$EBIT()(1)m	$(315.3)	$(618.9)	(49.1)
$UdlyinEBIT()(2)nergm	$36.7	$(1.)5	(2,6.)547
$()Astsesm	$1,660.0	$2,066.3	(19.7)
Emlopyees	3,618	3,693	(2.0)
SleMin(%)asarg	1%5.4	11.%7	-

(1) Excludes Unallocated Group Corporate costs.

(2) Underlying EBITDA, EBITA and EBIT are adjusted for significant items. See schedule of significant items on page 33 & 34.

Australasia Regional Results

	FY2013	FY2012	C(%)hange
$SleRe()asvenuem	$1,083.1	$1,228.1	(11.8)
$EBITDA()(1)m	$44.8	$130.5	(65.7)
$()()UdlyinEBITDA2nergm	$87.7	$99.5	(11.8)
$Deiatio()precnm	215.	214.	14.
$EBITA()(1)m	$19.7	$106.4	(81.5)
$()()UdlyinEBITA2nergm	$62.6	$75.4	(16.9)
GdwillImirmtoopaen	0.0	3.6	(100.0)
$Amisiofinible()tttoranoangsm	0.9	0.8	12.5
$()()EBIT1m	$18.8	$102.0	(81.6)
$UdlyinEBIT()(2)nergm	$61.7	$4.67	(12)7.
$As()tsesm	$671.4	$733.0	()8.4
Emlopyees	984	1,006	(2.2)
SleMin(%)asarg	23.9%	21.1%	-

(1) Excludes Group Corporate costs.

(2) Underlying EBITDA, EBITA and EBIT are adjusted for significant items. See schedule of significant items on page 33 & 34.

Europe Regional Results

		Rettdsae
	FY2013	FY2012	C(%)hange
$SleRe()asvenuem	$1,3575.	$1,80.67	(11.)5
$EBITDA()m	$()117.5	$30.1	()490.4
$()()UdlyinEBITDA1nergm	$10.2	$84.0	(87.9)
$Deiatio()precnm	27.5	26.0	85.
$EBITA()m	$()145.0	$4.1	()3,636.6
$()()UdlyinEBITA1nergm	$(17.3)	$58.0	(129.8)
$GdwillImirmt()oopaenm	3.7	102.9	(96.4)
$Amisiofinible()tttoranoangsm	1.9	1.9	0.0
$()EBITm	$(150.6)	$(100.7)	49.6
$UdlyinEBIT()(1)nergm	$(19.2)	$6.15	(134.2)
$As()tsesm	$585.4	$709.7	(17.5)
Emlopyees	1,718	1,900	(9.6)
SleMin(%)asarg	14.2%	19%7.	-

(1) Underlying EBITDA, EBITA and EBIT are adjusted for significant items. See schedule of significant items on page 33 & 34.

Sales by Destination

38