Thyssenkrupp : Charts Telefonkonferenz 2. Quartal 2021/2022 (nur in englischer Sprache)

Charts on Q2 FY 2021/22 Facts & Figures

Ticker: TKA (Share) TKAMY (ADR)

May 2022

Status update on current trading and geopolitical conditions

External factors

• Russia exposure: Sig. less than 1% of sales in FY 20/211
• Procurement from RUS to be substituted step-by-step
• Increased raw material prices with high volatility
• Higher costs for energy, natural gas, freight
• Less predictable call-offs by customers from auto industry due to supply chain shortages (e.g. SEMI, cable harnesses) and Covid-19 related lockdowns (China)
• Uncertainty of reliable fossil fuel supply

Management Action

• Utilization of our diversified supplier base incl. North/South America
• Capitalize on favorable market conditions for Material Services and Steel Europe
• Adjust contracts to pass on higher costs in components businesses
• Contingency actions:
  e.g. temporary short time work, stringent management of capex
• Awareness raising for maintaining gas supply (to avoid serious economic damages)

Potential push for multiple (incl. green) market transformation trends

1. Based on Group sales FY 20/21

2 thyssenkrupp AG l Conference Call Q2 FY 2021/22

H1: Performance progressing and above expectations
Q2 FCF bef. M&A below prior expectations due to price effects on NWC
Order intake				EBIT adj.				6.0%
[€ bn]				[€ bn]
		24.0				1.2
	15.0	16.5	13.6					0.8
	7.6	8.6	+3.2 bn			0.3			+0.4 bn
				0.4
						0.2
			10.4	(0.3)	0.1
	7.4	7.8
				(0.2)
				(0.5)
FCF bef. M&A		0.0		Net Income
(0.4)	(0.8)					0.7
[€ bn]	(0.8)	[€ bn]
				0.6
		(0.7)	+0.1 bn					+0.5 bn
						0.1
		(0.9)
					(0.2)
	(2.4)
			(0.7)	(0.1)
			(1.6)		(0.3)
				(0.4)
	(2.8)			(1.1)
	H1 19/20	H1 20/21	H1 21/22	H1 19/20	H1 20/21	H1 21/22
				Q1	Q2	Q1	Q2	Margin

3	thyssenkrupp AG l Conference Call Q2 FY 2021/22	FY 19/20		FY 21/22
		FY 20/21

thyssenkrupp driving performance, portfolio management and transformation…

EBIT adj. [€ mn]

FCF bef. M&A [€ mn]

Incl. price effects on NWC (mainly inventories and receivables)

1. Strong focus on customers and most competitive quality of our technology and service offerings to support price adjustments and market position

1. Relentless restructuring, while pushing performance and selective growth

1. Portfolio management and crystallization of value (e.g. nucera)

1. Keep balance sheet in shape

1. Further enhance structural fundamentals for profitable growth of the businesses
   and thus generate value perspectives

1. Meet decarbonisation targets

… and gaining in resilience

Note: New reporting structure as of FY 20/21; FY 19/20 retrospectively adjusted

4 thyssenkrupp AG l Conference Call Q2 FY 2021/22

tk in a solid position to capture opportunities and cope with market uncertainties

Strong balance sheet

Value options

Performance,

Portfolio Management,

Restructuring

Leading Technologies

ESG

• Equity ratio >30%; Net Cash >€2 bn; total liquidity1 of >€8 bn as of 31.03.
• Signed/Closed M&A transactions w/ sig. +ve effect on Net Cash and pensions
• Stake in tk Elevator as valuable asset
• IPO as preferred option for our hydrogen businesses (tk nucera)
• Further portfolio streamlining and enhancing structural fundamentals
• Decision for spin-offSE not possible due to current economic conditions and political framework
• Largest restructuring program (>12,700 FTEs) ever in execution
• Progress at Multi Tracks: >50%2 of businesses signed (M&A) or exited
• >200 year of engineering excellence
• Ready to enable and capitalize on multiple transformational trends
• Enabler of green transformation
• Sustainability and transparency a clear CEO priority
• Clear roadmap to SBTi approved targets defined

1. Incl. cash, cash equivalents, available committed credit facilities l 2. Based on sales FY 20/21

5 thyssenkrupp AG l Conference Call Q2 FY 2021/22