Globe Specialty Metals 8-K Globe Specialty Metals Reports 100% Increase in Net Income in Third Quarter Fiscal 2011

3rd Quarter 2011 Earnings Call

May 10, 2011

Disclaimer

This presentation may contain statements that relate to future events and expectations and, as such, constitute "forward
-looking statements" within the meaning of the federal securities laws. These statements can be identified by the use of
words such as “believes,” “expects,” “may,” “will,” “intends,” “plans,” “estimates” or “anticipates,” or other
comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on
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intention or obligation to update publicly any forward-looking statements, whether in response to new information,
future events or otherwise, except as required by applicable law. Forward-looking statements are not guarantees of
future performance and are subject to significant risks and uncertainties that may cause actual results or achievements
to be materially different from the future results or achievements expressed or implied by the forward-looking
statements. These risks and uncertainties include, but are not limited to, those risks and uncertainties described in
Globe’s most recent Annual Report on Form 10-K, including under “Special Note Regarding Forward-Looking
Statements” and “Risk Factors” and Globe’s quarterly reports on Form 10-Q. These reports can be accessed through
the “Investors” section of Globe’s website at www.glbsm.com.

All references to “MT” or “tons” mean metric tons, each of which equals 2,204.6 pounds.

3rd Quarter 2011 Financial Highlights

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nNet income and diluted EPS doubled from the immediately preceding
quarter as all our long-term and annual 2010 silicon metal contracts expired
at the end of the calendar year.

nThe average selling price of silicon metal was up 20% as our long-term and
annual contracts expired at the end of the calendar year. Silicon-based alloy
average selling price was up 12% as a result of normal quarterly repricing.

nWe shipped approximately the same amount of material this quarter as last
quarter, and we converted one furnace in Beverly, Ohio to produce silicon
metal from ferrosilicon in January to capitalize on market prices.

3rd Quarter 2011 Reported Results

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3rd Quarter 2011 Special Items

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Sequential Pro Forma Adjusted Income Statement
Summary

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3rd Quarter 2011 Sequential Pro Forma Sales
Bridge

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3rd Quarter 2011 Sequential Pro Forma EBITDA
Bridge

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3rd Quarter 2011 Cash Flow Overview

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