Thyssenkrupp Ag · XETR:TKA
Thyssenkrupp — Q2 2026 Earnings Presentation
15 slides from Thyssenkrupp's earnings presentation, May 12, 2026
Slide 1: Q2 25/26 Conference Call
Q2 25/26 Conference Call Miguel López, CEO thyssenkrupp AG Dr. Axel Hamann, CFO thyssenkrupp AG thyssenkrupp AG I May 2026
Slide 2: Management summary Q2 25/26
Management summary Q2 25/26 Portfolio / ACES 2030 Performance Green Transformation • HQ: Start of transformation towards a • Significant performance increase in • Launch of European Resilience Alliance financial holding company ongoing weak markets to accelerate and scale clean hydrogen • MX: Full f
Slide 3: Financial overview Q2 25/26
Financial overview Q2 25/26 Achievements from strict performance management Sales (€ bn) EBIT adj. (€ mn | margin) Net income (€ mn) FCF bef. M&A (€ mn) Net Cash (€ bn) +1% FX adj. Q2: 8.4 (-2% YoY) Q2: 198 (+179 YoY) 2.4% Q2: -11 (-178 YoY) Q2: -327 (+242 YoY) Mar-26: 2.8 (-2.1 YTD) -2% FX adj. 6M:
Slide 4: Q2 25/26 Sales and EBIT adj. development at a glance
Q2 25/26 Sales and EBIT adj. development at a glance Performance management in place: Increase in EBIT adj. across almost all segments despite sales decline Sales -0.2 (€ bn) 8.6 -0.1 8.4 -0.2 0.1 -0.1 0.0 0.0 0.1 Q2 Δ AT Δ DT Δ MX Δ SE Δ MS Δ HQ Δ Recon/ Q2 24/25 Other 25/26 EBIT adj. +179 (€ mn) E
Slide 5: Automotive Technology
Automotive Technology Performance increase driven by restructuring and internal countermeasures Sales (€ mn) EBIT adj. (€ mn | margin) BCF (€ mn) 1.3% 2.4% 1.0% 1.8% -6% -4% +24 +119 +90 +16 1,802 1,702 3,471 3,327 41 60 24 36 -56 -129 -175 -219 Q2 Q2 6M 6M Q2 Q2 6M 6M Q2 Q2 6M 6M 24/25 25/26 24/25
Slide 6: Decarbon Technologies
Decarbon Technologies Positive order development, however temporary earnings headwinds Sales (€ mn) EBIT adj. (€ mn | margin) BCF (€ mn) 1.9% -0.2% 1.9% -1.2% -96 -271 -23% -21% -17 -50 42 30 884 1,791 16 34 685 1,423 -1 -17 -66 -229 Q2 Q2 6M 6M Q2 Q2 6M 6M Q2 Q2 6M 6M 24/25 25/26 24/25 25/26 24/25
Slide 7: Materials Services
Materials Services Earnings higher due to favorable market environment especially in North America, but also in Europe Sales (€ mn) EBIT adj. (€ mn | margin) BCF (€ mn) 1.0% 2.6% 0.6% 1.7% +87 -131 +5% 0% +52 +59 27 3,043 3,192 5,779 5,753 81 96 29 37 -298 -60 -428 Q2 Q2 6M 6M Q2 Q2 6M 6M Q2 Q2 6M 6
Slide 8: Steel Europe
Steel Europe Another step-up in earnings despite challenging markets Sales (€ mn) EBIT adj. (€ mn | margin) BCF (€ mn) -0.9% 3.4% 3.0% 6.7% -6% -8% +98 -148 +107 +154 121 2,639 2,489 4,817 4,453 84 300 146 -478 22 -23 -625 Q2 Q2 6M 6M Q2 Q2 6M 6M Q2 Q2 6M 6M 24/25 25/26 24/25 25/26 24/25 25/26 24/25
Slide 9: Marine Systems
Marine Systems Record order backlog paving the way for future growth Sales (€ mn) EBIT adj. (€ mn | margin) BCF (€ mn) 5.8% 5.5% 5.6% 5.1% +48 -806 +17% +6% +3 -2 743 622 1,101 1,167 31 34 62 60 533 -96 Q2 Q2 6M 6M Q2 Q2 6M 6M -144 -63 24/25 25/26 24/25 25/26 24/25 25/26 24/25 25/26 Q2 Q2 6M 6M 24/2
Slide 10: Q2 25/26 EBIT adj. to Net Income bridge
Q2 25/26 EBIT adj. to Net Income bridge Restructuring expenses and disposal losses weighing on Net Income EBIT adj. to 198 Net Income (€ mn) Mainly restructuring expenses (€-65 mn) and disposal losses (€-33 mn) -133 65 -10 55 -66 -11 EBIT Special EBIT Finance/ Income Tax Net Income adj. items rep. O
Slide 11: Q2 25/26 reconciliation to FCF bef. M&A
Q2 25/26 reconciliation to FCF bef. M&A Strict NWC and investment management Net Income to 26 FCF bef. M&A 37 (€ mn) -11 No material NWC1 effects Sig. share relating to SE -344 -318 -9 -327 Net Income Recon. OCF CF Invest FCF M&A and Lease FCF bef. M&A to OCF adjustments 1. Including following delta
Slide 12: Outlook FY 25/26
Outlook FY 25/26 Group guidance confirmed for EBIT adj. and FCF bef. M&A thyssenkrupp Group thyssenkrupp segments Sales Sales -7% to -4% FY 24/25: €7.0 bn -3% to 0% [prev.: -2% to +1%] EBIT adj. €225 to 325 mn FY 24/25: €32.8 bn Sales -15% to -12% [prev.: -10% to -7%] EBIT adj. FY 24/25: €3.5 bn EBI
Slide 13: Strategic outlook – Years of execution ahead
Strategic outlook – Years of execution ahead Year of decisions successfully managed – setting the course for the future Execution of ACES 2030: tkAG as financial holding company Individual approach for each business to secure sustainable success Leverage opportunities of the Green Transformation Con
Slide 14: Q&A Session
Q&A Session Miguel Ángel López Borrego Dr. Axel Hamann CEO CFO 14 thyssenkrupp AG | Conference Call Q2 25/26
Slide 15: Disclaimer thyssenkrupp AG
Disclaimer thyssenkrupp AG This presentation has been prepared by thyssenkrupp AG (“thyssenkrupp”) and comprises the written materials/slides for a presentation concerning thyssenkrupp. By attending this presentation and/or reviewing the slides you agree to be bound by the following conditions. The