Bekaert : Corporate presentation for investors September 2021

Bekaert Investor

Presentation

September 2021

Introduction to Bekaert

OVERVIEW

• The global leader in steel wire transformation and coating technologies for end markets with relatively high barriers to entry
• Rich 140-year history of value creation and technological innovation
• Leading market position across diverse markets and geographies

STRATEGY

• Actively maximizing value by managing core business portfolio while developing new, innovative solutions for our customers
• Unlock further growth through value-creating innovation, digital and sustainable opportunities, active portfolio management, and selective M&A in existing and adjacent markets

CAPITAL ALLOCATION

• Well-capitalizedto invest in R&D and pursue accretive opportunities with € 650 million in cash
• Net debt / underlying EBITDA has been reduced from 2.7x to 0.7x
• Dividend pay-out ratio policy targeted at 40% of net income

1800

patents and patent

rights

120

countries with

customers served

27000

engaged employees

globally

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Business units with multiple growth drivers

Consolidated sales by business unit (FY 2020)

Rubber Reinforcement (RR)		Steel Wire Solutions (SWS)	Specialty Businesses (SB)	Bridon-Bekaert Ropes
																						Group (BBRG)
	Tire cord, bead wire, hose		Steel wire products and		Building products, fiber	Ropes and advanced
		reinforcement wire and		solutions serving industrial,		technologies, combustion		cords businesses
			conveyor belt		agricultural, consumer and					technologies
			reinforcement		construction markets
5%				7%	6%		28%					9%	2%					11%	29%
												8%						14%
							10%
			€1.6Bn			€1.3Bn			6%	€0.4Bn							€0.4Bn
							14%
				95%	15%		20%							75%	18%		28%
											11%36%4
			Construction			Agriculture		Consumer Goods		Tire & Automotive			Energy & Utilities			Basic Materials			Equipment			Other

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Global presence across diverse end markets

Combined sales, including sales of joint ventures in Brazil of ~€0.7Bn in 2020

2020 SALES BY REGION

APAC LATAM EMEA NAM

33% 30% 23% 14%

2020 SALES BY END MARKET

44%	Tire & Automotive
19%	Construction	8%	Energy & utilities
9%	Agriculture	6%	Equipment
9%	Basic	5%	Consumer goods
	materials

Bekaert production plants

Bekaert offices

Bekaert Technology Centers

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140+ years of innovation, growth and value creation

PIONEERING

Established in Belgium in

1880 as a small barbed wire

manufacturer

First acquisition abroad in 1920 - first investment in Latin America in 1958

Pioneering in new

technologies that address

mega trends:

new mobility | urbanization |

connected & smart | renewable energy | sustainability | reverse globalization

INNOVATING

First patent application in

June 1881

Tire cord development 1952

In-house Engineering and R&D centers since 1960's

Preferred innovation partner of global technology leaders

1 800+ patents in portfolio

Services and adjacent

solutions: Creativity beyond steel

GROWING

Global expansion programs

throughout history

Early presence in Latin

America and China

Largest acquisition (Pirelli) and merger (Bridon): 2014- 2016

Organic/inorganic growth plans in target markets:

Mobility | energy & utilities |

lifting & hoisting | agri |

construction & infrastructure

PERFORMING

Performance

culture

Delivery on priorities

• 200 million paid in dividends since 2018

Significant performance improvement since 2019

Very strong balance sheet Strong margin performance

in all Business Units

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Guidance revision

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2021-2026

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PURSUING

Partnerships and

collaboration better together

Operational and commercial

excellence

Actions to unlock the

company's full potential

Innovation, digital, and sustainability strategy

Value creation for all

stakeholders

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