Thyssenkrupp : Interim report 1st quarter 2021/2022

I n t e r i m r e p o r t 1 s t q u a r t e r

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O ctober 1, 2021 -

December 31, 2021

thyssenkrupp interim report 1st quarter 2021 / 2022

thyssenkrupp in figures

thyssenkrupp in figures

				Full group								Group - continuing operations1)
				1st quarter		1st quarter						1st quarter		1st quarter
				ended		ended						ended		ended
				Dec. 31, 2020		Dec. 31, 2021		Change		in %		Dec. 31, 2020		Dec. 31, 2021		Change	in %
Order intake		million €	7,845	10,398	2,554	33	7,845	10,398	2,554		33
Sales		million €	7,321	9,023	1,701	23	7,321	9,023	1,701		23
EBITDA		million €	250	554	304	++	254	554	301		++
EBIT2)		million €	20	298	278	++	24	298	274		++
EBIT margin	%		0.3	3.3	3.0	++	0.3	3.3	3.0		++
Adjusted EBIT2)		million €	78	378	300	++	78	378	300		++
Adjusted EBIT margin	%		1.1	4.2	3.1	++	1.1	4.2	3.1		++
Income/(loss) before tax		million €	(93)	203	297	++	(89)	203	293		++
Net income/(loss) or earnings after tax		million €	(125)	122	247	++	(121)	122	243		++
attributable to thyssenkrupp AG's
shareholders		million €	(145)	106	251	++	(141)	106	247		++
Earnings per share (EPS)		€	(0.23)	0.17	0.40	++	(0.23)	0.17	0.40		++
Operating cash flows		million €	265	(599)	(864)	--	265	(599)	(863)		--
Cash flow for investments		million €	(274)	(253)	21	8	(274)	(253)	21		8
Cash flow from divestments		million €	873	25	(848)	(97)	873	25	(848)		(97)
Free cash flow3)		million €	864	(827)	(1,691)	--	864	(827)	(1,691)		--
Free cash flow before M&A3)		million €	32	(858)	(891)	--	32	(858)	(891)		--
Net financial assets (Dec. 31)		million €	(5,062)	(2,701)	2,361	47
Total equity (Dec. 31)		million €	9,929	11,425	1,497	15
Gearing (Dec. 31)	%		-4)		-4)		-		-
Employees (Dec. 31)				103,128	100,386	(2,742)	(3)

1. See preliminary remarks.
2. See reconciliation in segment reporting (Note 09).
3. See reconciliation in the analysis of the statement of cash flows.
4. Due to the strongly positive total equity and the reported net financial assets, the significance of the gearing key ratio is of no relevance.

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thyssenkrupp interim report 1st quarter 2021 / 2022

thyssenkrupp in figures

THYSSENKRUPP STOCK / ADR MASTER DATA AND KEY FIGURES

ISIN				Number of shares (total)	shares	622,531,741
Shares (Frankfurt, Düsseldorf stock exchanges)		DE 000 750 0001	Closing price end Dec. 2021	€	9.68
ADR (over-the-counter-trading)		US88629Q2075	Stock Exchange value end Dec. 2021	million €	6,026
Symbols
Shares		TKA
ADR		TKAMY

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thyssenkrupp interim report 1st quarter 2021 / 2022

thyssenkrupp in figures

Contents

02	thyssenkrupp in figures	36	Condensed interim financial statements
		37	thyssenkrupp group - statement of financial position
05	Foreword	39	thyssenkrupp group - statement of income
		40	thyssenkrupp group - statement of comprehensive
06	Interim management report		income
06	Preliminary remarks	42	thyssenkrupp group - statement of changes in equity
07	Report on the economic position	44	thyssenkrupp group - statement of cash flows
07	Summary	46	thyssenkrupp group - selected notes to the financial
08	Macro and sector environment		statements
12	Segment reporting	64	Review report
27	Results of operations and financial position
30	Compliance	65	Additional information
31	Forecast, opportunity and risk report	65	Contact and 2022 / 2023 financial calendar

1. 2021 / 2022 forecast

1. Opportunities and risks

Our fiscal year begins on October 1 and ends on

September 30 of the following year.

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thyssenkrupp interim report 1st quarter 2021 / 2022

Interim management report | Foreword

Foreword

Dr. Klaus Keysberg

Chief Financial Officer (CFO)

Dear Shareholders,

thyssenkrupp made a good start to the new fiscal year 2021 / 2022 and maintained its positive business performance trend in the 1st quarter. We lifted order intake, sales and adjusted EBIT year- on-year and our key financial indicators are thus in line with expectations.

Our quarterly figures clearly demonstrate that our transformation program measures are taking effect. Our goal - to build a high-performance group of companies with strong, independent businesses - is coming within reach. We remain upbeat about the year as a whole: the significant improvement in earnings from Steel and the emerging stabilization of the situation in the supply chains will allow us to further improve our earnings in the coming quarters. As the structural improvements continue, our businesses are combating the current rise in input costs. We are clearly confirming our forecast for the current fiscal year. With free cash flow before M&A breaking even, we will reach a further milestone in our transformation. This is a major, important step towards the ambitious mid-term targets we announced in December 2021.

We will systematically continue along the path we have chosen and are grateful that you are supporting us during our transformation. Your support is crucial so that we can successfully complete thyssenkrupp's transformation. And that is something we will continue to work on at full speed - you can count on that.

Dr. Klaus Keysberg

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