ThyssenKrupp : Charts 1. Quartal 2020/2021 (nur in englischer Sprache)

Charts on Q1 FY 2020/21 Facts & Figures

Ticker: TKA (Share) TKAMY (ADR)

February 2021

Q1: Dynamic market (auto) tailwinds - EBIT adj. and FCF in +ve territory and above expectations

Performance turnaroundPortfolio updateOutlook raise

• • EBIT adj. €78 mn - all segments (except MT) with positive contribution - by demand recovery and value lever execution

• • Positive FCF bef. M&A €32 mn - by stringent cash control, tight NWC mgmt.

• • Net Cash unchanged at €5.1 bn

• • Steel Europe

  • o All options - stand-alone, sale, spin-off - under value assessment

• • Multi Tracks

  • o Heavy Plate: closure initiated, completion expected until end of FY

  • o Mining equipment: start of due diligence with bidder

  • o Chemical plants: M&A stopped given promising dynamics for Water Electrolysis business for green Hydrogen production - project funnel expanding

• • FY Outlook lifted up due to better than anticipated performance in Q1

  • o FY EBIT adj. towards break-even (before: "mid 3-digit -ve"); all segments (except MT) improving and +ve

  • o FCF bef. M&A towards ~€(1) bn -ve (before: "~€(1.5) bn -ve")

Dynamic markets and strong execution of effective Value Levers drive performance turnaround

[€ mn]

78

EBIT adj.

EBIT adj.

[€ mn]FCF bef. M&A

[€ mn]Net Cash [€ bn]

1. Target of 11,000 FTEs until FY 22/23

(2,407)

(7,1)

(1,503)

• • Top-line:

   Higher demand also by market share gains mainly at cyclical auto/truck related businesses (AT, IC, SE)

• • Bottom-line:

  32

  •  Efficiency and restructuring initiatives under execution and on schedule

  •  Further headcount reduction of 560 FTEs (~50% in Germany) in Q1

  •  Total headcount reduction by ~5,500 FTEs yoy; thereof >4,200 FTEs of current target (11,000 FTEs1) already achieved

FCF bef. M&A

5.1

5.1

• • Performance turnaround

• • Tight NWC mgmt. incl. early customer payments

• • Inventory levels not yet fully aligned with faster than anticipated market dynamics

Q1 19/20

Q4 19/20

Q1 20/21

Order intake significantly up after pandemic induced shutdown in Q3, but still below prior year

[€ mn]

2019/20

2020/21

Δ

Q1

Q4

Q1

yoyyoy (ex FX)1

Materials Services (MX) Industrial Components (IC) Automotive Technology (AT) Steel Europe (SE)

2,750 558 1,148

2,285 517 1,154

2,482 662 1,183

(10%) 19% 3%

(7%) 23% 5%

Marine Systems (MS) Multi Tracks (MT)

2,054 109

1,965 1,870

2,408 258

17% ++

18% ++

Corporate Headquarters (HQ) Reconciliation

Group continuing operations

1,328 1 (518) 7,429

997 1 (419) 8,369

1,425 2 (574) 7,845

7% 76% - 6%

11% 80% - 8%

Note: Prior year adjusted for new organizational structure as of 01.10.2020

Q1 yoy

MX: Higher warehousing shipments, offset by lower stainless steel prices and unfavorable product mix

IC:

Sig. up yoy and qoq due to very positive order situation at bearings for wind energy mainly in Germany and China as well as strong demand recovery at Forged Technologies

AT:

Sequential recovery continues and leads to increase qoq but also yoy; support by further ramp up of new plants and projects (mainly steering)and stable demand from China

SE: Significant higher volumes across all industries, in particular at Auto

MS:

Positive due to additional volume for a submarine order as well as a marine electronic order for the Royal Navy

MT: Up yoy due to increasing demand for stainless steel; markets for new orders in PT businesses still challenging due to pandemic, but positive signals qoq; lower orders for HP due to planned closure