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Deloitte.
misc · 2019 · disclaimer
Deloitte.
Insurance Services, 2025
MorganStanley · 2025 · cover
Insurance Services, 2025
Contents
MorganStanley · 2025 · table_of_contents
Contents
1 Introduction and research methodology
MorganStanley · 2025 · section_divider
1 Introduction and research methodology
Introduction to HFS Horizons – Insurance Services, 2025
MorganStanley · 2025 · context
Introduction to HFS Horizons – Insurance Services, 2025
HFS' insurance services value chain
MorganStanley · 2025 · value_chain
HFS' insurance services value chain
The HFS insurance operations value chain defined
MorganStanley · 2025 · value_chain
The HFS insurance operations value chain defined
Focus of HFS Horizons – Insurance Services, 2025
MorganStanley · 2025 · framework_other
Focus of HFS Horizons – Insurance Services, 2025
Executive summary (1/2)
MorganStanley · 2025 · executive_summary
Executive summary (1/2)
Executive summary (2/2)
MorganStanley · 2025 · executive_summary
Executive summary (2/2)
Sources of data
MorganStanley · 2025 · appendix
Sources of data
Horizons assessment methodology
MorganStanley · 2025 · framework_other
Horizons assessment methodology
Introducing HFS Horizons - Insurance Services
MorganStanley · 2025 · framework_other
Introducing HFS Horizons - Insurance Services
2 Market dynamics
MorganStanley · 2025 · section_divider
2 Market dynamics
Top challenges for insurers in 2025
MorganStanley · 2025 · pain_points
Top challenges for insurers in 2025
Key trends in insurance services (1/2)
MorganStanley · 2025 · industry_trends
Key trends in insurance services (1/2)
Key trends in insurance services (2/2)
MorganStanley · 2025 · industry_trends
Key trends in insurance services (2/2)
2025 strategic insurance transformation framework
MorganStanley · 2025 · framework_other
2025 strategic insurance transformation framework
3 Horizons results: Insurance Services, 2025
MorganStanley · 2025 · section_divider
3 Horizons results: Insurance Services, 2025
HFS Horizons: Insurance Services, 2025 – summary of providers assessed in this report
MorganStanley · 2025 · comparison_table
HFS Horizons: Insurance Services, 2025 – summary of providers assessed in this report
HFS Horizons: Insurance Services, 2025
MorganStanley · 2025 · framework_other
HFS Horizons: Insurance Services, 2025
4 EY profile: Insurance Services, 2025
MorganStanley · 2025 · section_divider
4 EY profile: Insurance Services, 2025
5 HFS Research authors
MorganStanley · 2025 · section_divider
5 HFS Research authors
HFS Research authors
MorganStanley · 2025 · team_bio
HFS Research authors
About HFS
MorganStanley · 2025 · other
About HFS
Key findings from our report
BCG · 2024 · key_takeaways
Key findings from our report
$2.3T — fab investment
...as well as in other stages of the value chain such as ATP
BCG · 2024 · market_landscape
...as well as in other stages of the value chain such as ATP
27% — ATP capacity
Disclaimer
BCG · 2024 · disclaimer
Disclaimer
BCG BOSTON CONSULTING GROUP / SIA SEMICONDUCTOR INDUSTRY ASSOCIATION
BCG · 2024 · cover
BCG BOSTON CONSULTING GROUP / SIA SEMICONDUCTOR INDUSTRY ASSOCIATION
Goldman Sachs Leveraged Finance Conference
GoldmanSachs · 2020 · cover
Goldman Sachs Leveraged Finance Conference
Important Information About Ryerson Holding Corporation
GoldmanSachs · 2020 · disclaimer
Important Information About Ryerson Holding Corporation
Business Overview
GoldmanSachs · 2020 · section_divider
Business Overview
Ryerson Overview
GoldmanSachs · 2020 · context
Ryerson Overview
100+ — Locations
Diverse End-Markets
GoldmanSachs · 2020 · segmentation
Diverse End-Markets
23% — 2019 Sales
Strategic Priorities for Obtaining Next Phase Targets
GoldmanSachs · 2020 · initiative_list
Strategic Priorities for Obtaining Next Phase Targets
2.0x — Net Debt / Adj. EBITDA
Appendix
GoldmanSachs · 2020 · appendix
Appendix
Bond Repurchase Summary – Bonds Trading at Call Price
GoldmanSachs · 2020 · financial_analysis
Bond Repurchase Summary – Bonds Trading at Call Price
$98.5 — Bond Price
Same-Store Financial Metrics Reconciliation
GoldmanSachs · 2020 · financial_analysis
Same-Store Financial Metrics Reconciliation
$34 — Adj. EBITDA
Annual Financial Highlights
GoldmanSachs · 2020 · financial_analysis
Annual Financial Highlights
4.2% — Adjusted EBITDA
Quarterly Financial Highlights
GoldmanSachs · 2020 · kpi_dashboard
Quarterly Financial Highlights
3.4% — Adjusted EBITDA, excl. LIFO Margin %
Experienced Management Team
GoldmanSachs · 2020 · team_bio
Experienced Management Team
Non-GAAP Reconciliation
GoldmanSachs · 2020 · appendix
Non-GAAP Reconciliation
Non-GAAP Reconciliation: Adjusted EBITDA, excl. LIFO
GoldmanSachs · 2020 · financial_analysis
Non-GAAP Reconciliation: Adjusted EBITDA, excl. LIFO
34.4 — Adjusted EBITDA, excluding LIFO
Non-GAAP Reconciliation: Annual
GoldmanSachs · 2020 · appendix
Non-GAAP Reconciliation: Annual
259.2 — Adjusted EBITDA
Non-GAAP Reconciliations: Adjusted Net Income & Net Debt
GoldmanSachs · 2020 · appendix
Non-GAAP Reconciliations: Adjusted Net Income & Net Debt
$893 — Net debt
RYERSON
GoldmanSachs · 2020 · closing_ask
RYERSON
From Lead to Cash Simplify and Scale with Revenue Ops
Accenture · 2025 · cover
From Lead to Cash Simplify and Scale with Revenue Ops
RevOps Maturity Levels in Software and Technology Business
Accenture · 2025 · executive_summary
RevOps Maturity Levels in Software and Technology Business
6% — Share of software/tech businesses at scaling or systemized RevOps maturity
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