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Vulcan Steel Limited (VSL) is the only Australasian wide, pure play, value added steel distributor and processor. Vulcan operates as a key link in the steel value chain between steel producers and end users.

Vulcan distributes steel products, including carbon steel, stainless steel and engineering steel to a diversified customer base including customers in engineering, manufacturing, fabricating, transport, mining and a broad range of other market segments. Vulcan also provides value added processing services for steel coils, steel plate, stainless steel and engineering steel. Vulcan cuts, drills, slits and shapes for fabrication, assembly or downstream processing by customers.

Vulcan was founded by Peter Wells in 1995 in Auckland, and has grown significantly over the last 26 years, both organically and through acquisitions.

Vulcan has 29 operating sites across Australia and New Zealand, which are strategically located to serve the local customer base. Vulcan had 842 employees at 30 June 2021 and served an average of 7,000 active trading accounts each month in FY21.

Vulcan generated NZ$731.5m pro forma sales and NZ$129.7m pro forma EBITDA in FY21.


Listing date ...... 04 November 2021 ; 12:00 PM AEDT ##

Company contact details ..... www.vulcan.co

Principal Activities .... Steel distribution and processing.  Vulcan distributes engineering and stainless steel, processed plate and coil, from 29 sites throughout Australasia.

Issue Price ..... AUD 7.10

Issue Type ..... Ordinary Fully Paid Shares

Security code ......... VSL

Capital to be Raised ........... $371,600,000

Expected offer close date ......02 November 2021

Underwriter ....................... Fully underwritten. Credit Suisse Holdings (Australia) Limited and UBS Securities Australia Ltd (Joint underwritters and Lead Managers)

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