Thyssenkrupp : Charts 1st quarter 2021/2022

Charts on Q1 FY 2021/22 Facts & Figures

Ticker: TKA (Share) TKAMY (ADR)

February 2022

thyssenkrupp delivering on transformation

Strategic

realignment

Performance

Balance Sheet strengthening

Restructuring1

Portfolio

streamlining

ESG

• Group of Companies concept; streamlined target portfolio defined
• nucera IPO as preferred option to crystallize value
• Steel Europe: evaluation of stand-alone option
• FYE 21/22 the financial milestone year (target: FCF bef. M&A of b/e)
• Mid-termtargets for Group and Segments disclosed
• Equity ratio 29% and net cash at ~€3.6 bn in FY 20/21
• In addition +ve high 3-digiteffects from portfolio streamlining in FYE 21/22
• Largest restructuring program ever (>12,700 FTEs) in execution
• In total already ~8,400 FTEs reduced
• >50% of activities2 within Multi Tracks signed (M&A) or exited
• +ve high 3-digiteffects on Net Cash and Pensions in FYE 21/22
• Sustainability and transparency a clear CEO priority
• Clear roadmap to SBTi3 approved targets defined
• Businesses well positioned to capitalize on transformational trends

1. Until mid-term planned; ~8,400 FTEs reduced since 01.10.2019 l 2. Based on Sales FY 20/21 l 3. Science based targets initiatives
2. | thyssenkrupp AG l February 2022

CMD 2021: Each segment with clear commitment on mid-term targets

Bottom line Top line

EBIT adj. %

CCR

MX	IC	AT	SE	MS	MT	HQ
(BG, FT)

Shipments1	Sales growth	Sales growth	Shipments	Sales growth
>6 mt	3-5%2,3	> market	~11 mt	~6%2	Portfolio
					streamlining and	Adjustment of
					structural
2-3%	≥10%	7-8%	6-7%	6-7%	costs, aligned
improvement;
					with portfolio
					scaling of UCE
~0.8	0.6-0.8	≥0.5	>0.44	~1.0	development
business
ROCE >9%			Adj. EBITDA/t
		~€100

Full transformation to Group of Companies

• EBIT adj. %: Increase to a range of 4-6%
• FCF bef. M&A: Sig. +ve by progress in performance and transformation
• Dividend: Resumption of reliable dividend payments a clear target

Note: Starting point FY 20/21; depending on actual market challenges (e.g. CoVid-19 development, supply chain issues and factor cost increases) and cyclicality in businesses; ROCE = EBIT / Ø Capital Employed; CCR = BCF / EBIT l 1. Only Materials Stockholding and Processing; excl. mainly direct-to-customer business | 2. CAGR l 3. Excl. compressed passenger car segment l 4. Excl. Green transformation

3 | thyssenkrupp AG l February 2022

Continuation of positive trend in Q1 confirming FY targets - FCF bef. M&A to strongly improve in H2

Order intake [€ mn]

	"Big Ticket"	+33%				• Order intake sig. up yoy driven by MX, MS and MT
	at MS ~€5.5 bn
	7.8		14.3		10.4		• nucera with order intake of in total >€0.8 bn (NEOM and Shell) for hydrogen business

EBIT adj. [€ mn; %]

1.1%

2.5%

4.2%

+300 mn

378

232

78

FCF bef. M&A [€ mn]

(0.8) bn

32

(321)

(858)

Q1 20/21 Q4 20/21 Q1 21/22

• EBIT adj. sig. up yoy mainly due to strong improvements at MX, SE, MT
• • Acceleration of EBIT in following quarters by effects from higher net sales and stabilization of supply shortages (SEMI) at auto producers
• Restructuring progressing/ongoing: add. ~600 FTE reduction in Q1 achieved; total reduction of ~8,400 FTEs since FY 19/20
• FCF before M&A -veas expected: temp. higher NWC build-up (higher material prices, high stocks to serve strong demand in Q2-Q4, slow call-offs by auto producers)

4 | thyssenkrupp AG l February 2022

Strong progress on clear restructuring plan

Target within definedprograms of >12,700 FTEs until mid-term horizon

FTEs

[#]

Achieved in GER Achieved in RoW

	~60%
>12,700	~40%		•
		≥ 1,400
	~ 8,400 FTEs	•
	reduced		~3,000

Target	achieved	Way to go	Way to go
		FYE 21/22	until mid-term

Restructuring initiatives extended to >12,700 FTEs ~2/3 already achieved1

Restructuring R expenses/ R2 cash-out

[€ mn]

(Cumulative) sustainable savings

[€ mn]

1. Since 01.10.2019 l 2. Cumulative target

1. | thyssenkrupp AG l February 2022

~600				• Almost all provisions made (in total ~€900 mn)
~200	~300 ~250			• Cash-out expected on prior year level for FY 21/22
19/20	20/21	FYE	until mid-term
		21/22

	low-mid					high		• Sizable savings already realized until FY 20/21
		mid		3	-digit €mn
high	3-digit €mn				• Total sustainable cost benefit from restructuring
	3-digit €mn
2-digit €mn					in high 3-digit €mn range in mid-term horizon
19/20	cum. 20/21E	cum. FYE 21/22 until mid-term2