Thyssenkrupp : Presentation on 1st half, June 10, 2022

A technology leader in hydrogen (H2)

Update on Recent Business Developments and H1 2021/2022 Financials

June 10, 2022

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2 10 June 2022 | Update on Recent Business Developments and H1 2021/2022 Financials | thyssenkrupp nucera

1. Update on Business & Strategy

Impact of recent geopolitical and macro-economic developments

Current political and economic environment provides even more positive mid- to long-term backdrop for AWE

Step change in political willingness to support AWE

capacity expansion, providing a setting for increased

customer demand

Increase in energy prices and political desire for

independence from Russian gas supply

Ongoing solid demand in CA and strong build-out of renewable energy and expedited energy transition with previous EU renewable hydrogen annual domestic production targets of 10 mn tons being doubled by an additional 10 mn tons of annual hydrogen imports1

Demand for gH2 solutions - particularly for large scale applications - growing globally evidenced by increasing number of customer inquiries

1. Estimated by the European Commision in their Joint Declaration of the European Electrolyzer Summit; additional demand for green hydrogen would require installed electrolyzer capacity of ~150 GW depending on utilization factors and efficiency rates

4 10 June 2022 | Update on Recent Business Developments and H1 2021/2022 Financials | thyssenkrupp nucera

Push for hydrogen demand and large scale gH2 solutions reflected in a stronger pipeline and actively pursued projects

		At CMD		As of Mar 2022		At CMD	As of Mar 2022
	No. of				Potential		 >17 €bn
	#91	#113	contract	>13 €bn
	projects
Substantial				value
Pipeline1
Median	100 MW → 100 MW	Aggregated	33 GW	 >41 GW
	project size	size
pursue
	No. of				Potential		>2.6 €bn
	#17	#27	contract	0.9 €bn
	projects
Actively Pursued					value
Projects2
	Average	>90 MW  ~220 MW	Aggregated	>1.6 GW	 ~6.0 GW
	project size	size

1. Projects which thyssenkrupp nucera had first interactions with and that are being monitored closely 2. Projects which already passed the pursue / non-pursue gate

5 10 June 2022 | Update on Recent Business Developments and H1 2021/2022 Financials | thyssenkrupp nucera