ThyssenKrupp : Charts update newtk (nur in englischer Sprache)

newtk update:

Definition of Target Portfolio

Ticker: TKA (Share) TKAMY (ADR)

May 19, 2020

newtk with progressing milestones delivery on strategic realignment

PERFORMANCE FIRST

FLEXIBLE PORTFOLIO

EFFICIENT ORGANIZATION

			•	Restructuring of
				SY (~600 FTE)
			•	>6,000 FTE	Signing ET at
				reduction at tk	purchase price
Kick-off newtk	confirmed	of €17.2 bn1

• Klaus Keysberg becomes CFO
• Reduction of
  177 FTE at HQ
• Site closure at SP
  in Germany (490 FTE)

May	Sep	Nov	Jan	Feb	Mar	Apr	May
2019	2019	2019	2020	2020	2020	2020	2020

Martina Merz	"Group of Companies"	•	Martina Merz
becomes CEO	approach		becomes
			permanent CEO
		•	SE 20-30 initiated
			with exit of HP
			until end of FY21
			(reduction of
			3,000 FTE)

1. Assuming closing on 30.06.2020
2. | thyssenkrupp AG l May 2020

• Next level of clarity for newtk
• Sharpened portfolio defined
• Businesses with total sales of €6 bn separated for exit

Becoming a strong "Group of Companies" with clearly structured portfolio

Potential analysis

•Assessment of businesses

according to:

−market attractiveness

−financial performance

−value creation potential

Target portfolio			Financial objectives

• Stringent Performance Management
• • Financial targets for each individual business
  • Financial targets derived from benchmarking

−Individual businesses with full responsibility

• Positive FCF

• Capital allocation according to expected value generation

•Definition of target portfolio;

grouping businesses into

2 main categories:

−tk sole owner or

owner in partnership

• Relief in financial KPIs1by Exit from Multi Tracks segment
• • Negative EBIT adj. ~€300 mn
  • Negative BCF ~€400 mn
  • Sales ~€6 bn

• Value Creation (ROCE ≥ WACC)
• Attractive Dividend Payment

−tk not best owner; Exit

(Multi Tracks segment)

1. All figures are pro-forma based on FY 18/19

3 | thyssenkrupp AG l May 2020

• Lean Corporate HQ focusing on
• • Portfolio, capital allocation
  • Further downsizing according to tk's size and structure

Target portfolio set to support turnaround and true performance culture

"Group of Companies1"

Materials	Industrial	Automotive	Steel	Marine
Services	Components	Technology	Europe	Systems

FT

MX

AT

SE

MS

BG

•	Strong market position and		•	Strengthen techn. com-		•	Drive performance
	competitive strength			petencies, mkt. position			(Strategy 20-30; AUF KURS)
•	Develop organically		•	Evolution by selected		•	Pursue industrial
					consolidation options
				alliances and partner-
				ships (acc. to trend)
•	Sales ~€14 bn		•	Sales ~€4 bn		•	Sales ~€11 bn
•	Employees ~31,000		•	Employees ~21,000		•	Employees ~33,000

"Multi Tracks"1,2

ASTSP

PTS (SY)		BTS (SY)

CPTHP

MINTSE

CEM

• Exit over time
• Restructuring in parallel
• Separate reporting as of Oct. 2020
• Sales ~€6 bn
• Employees ~20,000

1. All figures are pro-forma based on FY 18/19 l 2. HP: Heavy plate (SE); TSE: Technical Servces excl. Mill Services & Systems (MX); SP: Springs & Stabilizers (AT); BTS: OU Battery Solutions (SY); PTS: OU Powertrain Solutions (SY); AST: Acciai Speciali Terni,

stainless steel (MX); CPT: Chemical Plants, MIN: Mining, CEM: Cement (PT) 4 | thyssenkrupp AG l May 2020

newtk - Portfolio sharpening enhances restructuring of thyssenkrupp

PERFORMANCE FIRST

FLEXIBLE PORTFOLIO

ELEVATOR sale, use of proceeds

Enhance restructuring and

performance with full

responsibility at each business

• Tackle challenges from pandemic with stringent cost & cash control
  −up to €1 bn in current FY
• Restructure Steel Europe and push fundamental value with Strategy20-30

1. All figures are pro-forma based on FY 18/19

5 | thyssenkrupp AG l May 2020

Clearly structured portfolio for tk's

powerful "Group of Companies" approach defined with focus on

−- industrial logic

−- competitive profitability, cash flow

Businesses to be exited with total sales of €6 bn1separated in segment "Multi Tracks"

Portfolio definition with next level of clarity and transparency for newtk, fully supported by all stakeholders

• Elevator sale will significantly strengthen balance sheet
• • >€14 bn uplift in Equity
  • Net cash position
• Keep high flexibility for use of proceeds
• • Repay debt along maturity profile

Q&A Session

Disclaimer thyssenkrupp AG

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This presentation is for information purposes only and the information contained herein (unless otherwise indicated) has been provided by thyssenkrupp. It does not constitute an offer to sell or the solicitation, inducement or an offer to buy shares in thyssenkrupp or any other securities. Further, it does not constitute a recommendation by thyssenkrupp or any other party to sell or buy shares in thyssenkrupp or any other securities and should not be treated as giving investment, legal, accounting, regulatory, taxation or other advice. This presentation has been prepared without reference to any particular investment objectives, financial situation, taxation position and particular needs. In case of any doubt in relation to these matters, you should consult your stockbroker, bank manager, legal adviser, accountant, taxation adviser or other independent financial adviser.

The information contained in this presentation has not been independently verified, and no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information contained herein and no reliance should be placed on it. To the extent permitted by applicable law, none of thyssenkrupp or any of its affiliates, advisers, connected persons or any other person accept any liability for any loss howsoever arising (in negligence or otherwise), directly or indirectly, from this presentation or its contents or otherwise arising in connection with this presentation. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contain herein.

This presentation contains forward-looking statements that are subject to risks and uncertainties. Statements contained herein that are not statements of historical fact may be deemed to be forward-looking information. When we use words such as "plan," "believe," "expect," "anticipate," "intend," "estimate," "may" or similar expressions, we are making forward-looking statements. You should not rely on forward-looking statements because they are subject to a number of assumptions concerning future events, and are subject to a number of uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from those indicated. These factors include, but are not limited to, the following: (i) market risks: principally economic price and volume developments; (ii) dependence on performance of major customers and industries, (iii) our level of debt, management of interest rate risk and hedging against commodity price risks; (iv) costs associated with, and regulation relating to, our pension liabilities and healthcare measures; (v) environmental protection and remediation of real estate and associated with rising standards for real estate environmental protection; (vi) volatility of steel prices and dependence on the automotive industry; (vii) availability of raw materials; (viii) inflation, interest rate levels and fluctuations in exchange rates; (ix) general economic, political and business conditions and existing and future governmental regulation; and (x) the effects of competition.

Any assumptions, views or opinions (including statements, projections, forecasts or other forward-looking statements) contained in this presentation represent the assumptions, views or opinions of thyssenkrupp as of the date indicated and are subject to change without notice. thyssenkrupp neither intends, nor assumes any obligation, unless required by law, to update or revise these assumptions, views or opinions in light of developments which differ from those anticipated. All information not separately sourced is from internal company data and estimates. Any data relating to past performance contained herein is no indication as to future performance. The information in this presentation is not intended to predict actual results, and no assurances are given with respect thereto.

Throughout this presentation a range of financial and non-financial measures are used to assess our performance, including a number of the financial measures that are not defined under IFRS, which are termed 'Alternative Performance Measures' (APMs). Management uses these measures to monitor the group's financial performance alongside IFRS measures because they help illustrate the underlying financial performance and position of the group. These APMs should be considered in addition to, and not as a substitute for, or as superior to, measures of financial performance, financial position or cash flows reported in accordance with IFRS. APMs are not uniformly defined by all companies, including those in the group's industry. Accordingly, it may not be comparable with similarly titled measures and disclosures by other companies.

7 | thyssenkrupp AG l May 2020