SIMS LIMITED — Interim / Quarterly Report 2015

Jan 18, 2015

ASX & MEDIA RELEASE (ASX: SGM) 19 January 2015

Sims Metal Management Announces Changes in Financial Reporting Segments

Sims Metal Management Limited (the "Company") today announced it will make changes to its external financial reporting segments to better reflect the internal management of the business.

The new reporting segments will include: North America Metals, Australia & New Zealand Metals, Europe Metals, and Global E-Recycling (SRS). These new segments will provide greater financial transparency on the Company's metals recycling businesses by region and on the global e-recycling business.

The reporting segments changes will be applied in respect to the fiscal half year ending 31 December 2014 and thereafter.

Comparison of sales revenue, statutory and underlying EBITDA, statutory and underlying EBIT under the new and old segments for the past five fiscal years and the half year for fiscal 2014, together with sales and intake volumes for the respective segments are attached.

The Company will release its results for the fiscal half year ending 31 December 2014 on 13 February 2015.

About Sims Metal Management

Sims Metal Management is the world's largest listed metal recycler with over 250 facilities and 6,000 employees globally. Sims' core businesses are metal recycling and electronics recycling. Sims Metal Management generates approximately 60% of its revenue from operations in North America. The Company's shares are listed on the Australian Securities Exchange (ASX: SGM).

Please visit our website (www.simsmm.com) for more information on the Company and recent developments.

Investor and media inquiries contact Todd Scott Group Vice President – Investor Relations Tel: +61 4 0960 0352

Sales Revenue

$NeSe(A)tswgmenm	FY10	FY11	FY12	FY13	FY14	HY14
NohAmicaMelsttarer	4,833.7	5,781.7	5,772.5	4,255.9	3,995.7	2,058.6
ANZMelsta	1,125.8	1,300.0	1,190.3	1,047.1	1,187.8	575.7
EuMelstarope	783.0	953.6	1,055.6	935.0	1,063.5	527.0
GlobalE-Relingcyc	622.3	750.2	981.8	937.4	867.6	422.3
Unllocdteaa	87.8	61.3	35.5	17.6	14.4	9.7
Tolta	57,42.6	8,846.8	5.9,037	7,193.0	7,129.0	53,93.3

Se($)OldAtsgmenm	FY10	FY11	FY12	FY13	FY14	HY14
NohAmicatrer	040.05,	993.05,	6,0207.	4,34.65	4,23.55	2,182.1
Aulasiatras	1,221.3	1,369.2	1,228.1	1,083.1	1,223.9	596.9
Europe	1,191.3	1,484.6	1,780.6	1,575.3	1,651.6	814.3
Tolta	7,452.6	8,846.8	9,035.7	7,193.0	7,129.0	3,593.3

Sales Volumes

Se()Ne'000stsgmenw	FY10	FY11	FY12	FY13	FY14	HY14
NohAmicaMelsttarer	9,906	10,964	11,080	9,377	8,125	4,342
ANZMelsta	1,578	1,764	1,765	1,764	2,054	975
EuMelstarope	1,394	1,466	1,651	1,645	1,609	807
GlobalE-Relingcyc	-	-	-	-	-	-
Unllocdteaa	19	10	7	-	-	-
Tolta	12,897	14,204	14,503	12,786	11,815	6,124
Se('0)Old00stsgmen	FY10	FY11	FY12	FY13	FY14	HY14
NohAmicatrer	9,906	10,964	11,080	9,377	8,125	4,342
Aulasiatras	1,597	1,774	1,772	1,764	2,054	975
Europe	1,394	1,466	1,615	1,645	1,609	807
Tolta	12,897	14,204	14,503	12,786	11,815	6,124

Statutory EBITDA

$NeSe(A)tswgmenm	FY10	FY11	FY12	FY13	FY14	HY14
NohAmicaMelsttarer	150.1	171.5	2.6	35.2	60.2	32.7
ANZMelsta	84.4	105.5	112.6	66.0	108.8	3.57
EuMelstarope	31.8	39.3	()2.0	()41.4	29.0	14.1
GlobalE-Relingcyc	9.75	104.6	655.	(64.)5	(68.8)	2.5
Unllocdteaa	()2.7	2.8	12.7	()37.8	()4.4	10.0
Tolta	343.1	423.7	5181.	(5)42.	124.8	113.0
$OldSe(A)tsgmenm	FY10	FY11	FY12	FY13	FY14	HY14
NohAmicatrer	177.5	203.2	30.3	39.8	41.6	35.1
Aulasiatras	81.1	100.7	121.2	325.	102.5	62.4
Europe	84.5	119.8	30.0	()117.5	()19.3	15.5
Tolta	343.1	423.7	181.5	(42.5)	124.8	113.0

Underlying EBITDA

$NeSe(A)tswgmenm	FY10	FY11	FY12	FY13	FY14	HY14
NohAmicaMelsttarer	181.6	174.9	50.8	93.8	74.5	40.6
ANZMelsta	82.9	1017.	80.4	2.07	106.9	3.05
EuMelstarope	25.4	27.9	15.4	()1.7	29.2	14.1
GlobalE-Relingcyc	86.9	112.3	92.1	23.6	20.2	10.2
Unllocdteaa	2.1	()8.2	14.0	2.7	11.6	10.6
Tolta	38.97	414.0	252.7	190.4	242.4	128.5
Se$Old(A)tsgmenm	FY10	FY11	FY12	FY13	FY14	HY14
NohAmicatrer	209.0	195.6	78.6	102.1	82.9	43.1
Aulasiatras	84.4	102.3	90.2	8.17	114.1	62.1
Europe	85.5	116.1	83.9	10.2	45.4	23.3
Tolta	378.9	414.0	252.7	190.4	242.4	128.5

Statutory EBIT

Se($)NeAtsgmenmw	FY10	FY11	FY12	FY13	FY14	HY14
NohAmicaMelsttarer	60.3	96.2	(636.0)	(311.3)	(2.8)	2.3
ANZMelsta	63.9	84.5	88.5	40.9	81.1	39.9
EuMelstarope	22.2	30.2	()79.4	()53.7	16.3	7.9
GlobalE-Relingcyc	55.5	80.0	()9.1	()100.4	()117.3	()7.7
Unllocdteaa	()3.6	2.2	12.0	()45.9	()4.9	9.7
Tolta	198.3	293.1	(624.0)	(470.4)	(27.6)	52.1
$Se()OldtsAgmenm	FY10	FY11	FY12	FY13	FY14	HY14
NohAmicatrer	9.27	120.5	(619)5.	(329.0)	(1)57.	0.8
Aulasiatras	59.9	79.0	92.7	9.2	73.9	48.0

Europe 59.2 93.6 (100.8) (150.6) (44.4) 3.3 Total 198.3 293.1 (624.0) (470.4) (27.6) 52.1

Underlying EBIT

$Se()NeAtsgmenmw	FY10	FY11	FY12	FY13	FY14	HY14
NohAmicaMelsttarer	92.7	99.6	(18.)7	32.8	11.7	10.2
ANZMelsta	62.4	86.1	56.3	46.9	79.2	39.2
EuMelstarope	185.	18.8	4.1	(14.0)	16.5	97.
GlobalE-Relingcyc	62.9	87.7	67.8	()1.0	-	-
Unllocdteaa	1.2	()8.8	13.3	2.2	11.1	10.3
Tolta	235.0	283.4	122.8	66.9	118.5	67.6
$OldSe(A)tsgmenm	FY10	FY11	FY12	FY13	FY14	HY14
NohAmicatrer	111.6	112.9	1.5	34.0	12.7	8.8
Aulasiatras	63.2	80.6	65.3	52.1	85.5	47.7
Europe	60.2	89.9	6.05	(19.2)	20.3	11.1
Tolta	235.0	283.4	122.8	66.9	118.5	67.6

North America Metals

$Am	FY10	FY11	FY12	FY13	FY14	HY14
SalesRevenue	4,833.7	81.5,77	2.5,775	4,2955.	3,995.7	2,08.65
SEBITDAtatutory	150.1	171.5	2.6	35.2	60.2	32.7
UndelyingEBITDAr	181.6	14.97	0.85	93.8	4.75	40.6
Deiaiontprec	61.2	52.5	47.9	44.4	48.3	22.8
Amisaionttor	27.7	22.8	21.6	16.6	14.5	67.
SEBITtatutory	60.3	96.2	()636.0	()311.3	()2.8	2.3
UndelyingEBITr	92.7	99.6	(18.)7	32.8	11.7	10.2
Astsse	2,802.2	2,398.8	1,796.8	1,389.5	1,284.9	1,387.2
InkeVolumtaes	10,165	11,044	10,908	9,087	8,181	4,364
SalesVolumes	9,906	10,964	11,080	9,377	8,152	4,342
Emloypees	2,654	2,716	2,699	2,430	2,243	2,253

Australia & New Zealand Metals

$Am	FY10	FY11	FY12	FY13	FY14	HY14
SalesRevenue	1,125.8	1,300.0	1,190.3	1,047.1	1,187.8	575.7
SEBITDAtatutory	84.4	105.5	112.6	66.0	108.8	53.7
UndelyingEBITDAr	82.9	107.1	80.4	72.0	106.9	53.0
Deiaiontprec	20.4	20.6	23.3	24.2	26.7	13.3
Amisaionttor	0.1	0.4	0.8	0.9	1.0	0.5
SEBITtatutory	63.9	84.5	88.5	40.9	81.1	39.9
UndelyingEBITr	62.4	86.1	6.35	46.9	9.27	39.2
Astsse	493.2	499.1	491.4	461.2	446.8	472.4
InkeVolumtaes	1,017	1,375	1,827	1,875	2,009	1,015
SalesVolumes	1,578	1,764	1,765	1,764	2,054	975
Emloypees	277	840	866	811	830	842

Europe Metals

$Am	FY10	FY11	FY12	FY13	FY14	HY14
SalesRevenue	83.07	93.65	1,0655.	9305.	1,063.5	2057.
SEBITDAtatutory	31.8	39.3	()2.0	()41.4	29.0	14.1
UndelyingEBITDAr	245.	297.	145.	(1.)7	29.2	14.1
Deiaiontprec	9.6	9.1	11.3	12.3	12.7	6.2
Amisaionttor	-	-	-	-	-	-
SEBITtatutory	22.2	30.2	()79.4	()53.7	16.3	7.9
UndelyingEBITr	185.	18.8	4.1	(14.0)	16.5	97.
Astsse	345.1	485.5	333.8	255.4	253.3	309.9
InkeVolumtaes	1,449	1,482	1,688	1,608	1,593	827
SalesVolumes	1,394	1,466	1,651	1,645	1,609	807
Emloypees	636	763	738	645	634	629

Global E-Recycling

$Am	FY10	FY11	FY12	FY13	FY14	HY14
SalesRevenue	622.3	750.2	981.8	937.4	867.6	422.3
SEBITDAtatutory	79.5	104.6	55.6	()64.5	()68.8	2.5
UndelyingEBITDAr	86.9	112.3	92.1	23.6	20.2	10.2
Deiaiontprec	17.0	19.4	19.9	19.7	17.4	8.4
Amisaionttor	7.0	5.2	4.4	4.9	2.8	1.8
SEBITtatutory	55.5	80.0	()9.1	()100.4	()117.3	()7.7
UndelyingEBITr	62.9	87.7	687.	(1.0)	-	-
Astsse	467.5	571.1	568.0	527.5	428.7	539.1
Emloypees	1,437	1,835	2,296	2,434	2,227	2,322

Unallocated1

$Am	FY10	FY11	FY12	FY13	FY14	HY14
SalesRevenue	887.	61.3	35.5	167.	14.4	9.7
SEBITDAtatutory	()2.7	2.8	12.7	()37.8	()4.4	10.0
UndelyingEBITDAr	2.1	(8.2)	14.0	2.7	11.6	10.6
Deiaiontprec	0.9	0.6	0.7	0.5	0.5	0.3
Amisaionttor	-	-	-	-	-	-
SEBITtatutory	()3.6	2.2	12.0	()45.9	()4.9	9.7
UndelyingEBITr	1.2	()8.8	13.3	2.2	11.1	10.3
Astsse	124.5	212.9	319.0	283.8	235.7	285.8
Emloypees	73	76	79	73	77	74

1 Unallocated is comprised of unallocated corporate costs, the central marketing entity (CME), the LMS Energy JV, and the equity interest in the Chiho-Tiande Group (CTG)