Slide 1: Q1 25/26 Facts & Figures
Q1 25/26 Facts & Figures thyssenkrupp Investor Relations February 2026
Slide 2: Content
Content ⎜ tk Introduction 2-7 ⎜ Update Q1 25/26 8-15 ⎜ Group Overview and Financials 16-24 ⎜ Segment Overview and Financials 25-35 ⎜ ESG and Green Transformation 36-42 ⎜ Appendix 43-50 2 | thyssenkrupp AG | Investor Relations | February 2026
Slide 3: Group structure at a glance
Group structure at a glance More than 200 years expertise in engineering and technology thyssenkrupp AG (In addition: 16.2% stake in TKE plus shareholder loan) Automotive Decarbon Materials Marine Steel Technology (AT) Technologies (DT) Services (MX) Systems (MS) Europe (SE) One of the leading suppl
Slide 4: Snapshot FY 24/25 and mid-term targets
Snapshot FY 24/25 and mid-term targets Group: Sales of €32.8 bn, EBIT adj. of €640 mn (1.9% margin) Automotive Decarbon Materials Marine Steel Technology (AT) Technologies (DT) Services (MX) Systems (MS) Europe (SE) Sales €7.0 bn €3.5 bn €11.4 bn €2.2 bn €9.8 bn €187 mn €71 mn €132 mn €127 mn €337 m
Slide 5: Management team
Management team Dedicated management responsibilities for the segments Miguel Ángel López Borrego Dr. Volkmar Dinstuhl Dr. Axel Hamann Ilse Henne Wilfried von Rath CEO CFO CHRO Born 1965, Spanish Born 1972, German Born 1974, German Born 1972, Belgian Born 1964, German Since June 1, 2023 Since Januar
Slide 6: Top management priorities
Top management priorities Focus on Portfolio, Performance and Green Transformation – focus on value creation for shareholders Best possible development Portfolio for all businesses with tkAG as financial holding company Profitability at benchmark Performance level in all businesses Green Use opportu
Slide 7: Performance of thyssenkrupp stock and shareholder structure
Performance of thyssenkrupp stock and shareholder structure Last 3 years, indexed Investors AKBH 250 Foundation 200 TKA ~21% 150 IND1 Free MAT2 Float 100 MDAX ~79% ~60% International Private ~19% 50 Investors Mutual Funds 0 02/23 01/24 01/25 02/26 Dividend per share (€) Regional split Undisclosed Eu
Slide 8: Content
Content ⎜ tk Introduction 2-7 ⎜ Update Q1 25/26 8-15 ⎜ Group Overview and Financials 16-24 ⎜ Segment Overview and Financials 25-35 ⎜ ESG and Green Transformation 36-42 ⎜ Appendix 43-50 8 | thyssenkrupp AG | Investor Relations | February 2026
Slide 9: Management summary Q1 25/26
Management summary Q1 25/26 Portfolio / ACES 2030 Performance Green Transformation • HQ: Focus on execution towards a • Confirming start into FY 25/26 despite • Uniper and Uhde sign framework financial holding company persistent challenging markets agreement on the use of ammonia • TKMS: Successful
Slide 10: Financial overview Q1 25/26
Financial overview Q1 25/26 Confirming start into the financial year while markets remain challenging Sales (€ bn) EBIT adj. (€ mn | margin) Net income (€ mn) FCF bef. M&A (€ mn) Net Cash (€ bn) Q1: 7.2 (-8% YoY) Q1: 211 (+20 YoY) 2.9% Q1: -334 (-301 YoY) Q1: -1,500 (-1,479 YoY) Dec-25: 3.2 (-1.6 YT
Slide 11: Q1 25/26 Sales and EBIT adj. development at a glance
Q1 25/26 Sales and EBIT adj. development at a glance Performance management in place: Increase in EBIT adj. despite market-induced sales drop of €0.6 bn Sales -0.6 (€ bn) 7.8 0.0 -0.2 -0.2 Ongoing hesitant -0.2 7.2 markets Mainly trading 0.0 0.0 0.0 business Q1 Δ AT Δ DT Δ MX Δ SE Δ MS Δ HQ Δ Recon/
Slide 12: Q1 25/26 EBIT adj. to Net Income bridge
Q1 25/26 EBIT adj. to Net Income bridge Expected restructuring expenses at Steel Europe driving Net Income EBIT adj. to 211 Net Income (€ mn) TKE valuation with no -450 P&L effects going forward (OCI from FY 25/26 onwards) Mainly restructuring expenses SE (€401 mn) and impairments AT (€31 mn) 0 -14
Slide 13: Q1 25/26 reconciliation to FCF bef. M&A
Q1 25/26 reconciliation to FCF bef. M&A Typical NWC-driven cash flow pattern in Q1 Net Income to FCF bef. M&A (€ mn) -334 Mainly NWC1 effects -898 at Materials Services and Steel Europe -1,232 -260 -9 -1,491 -1,500 Net Income Recon. OCF CF Invest FCF M&A and Lease FCF bef. M&A to OCF adjustments 1.
Slide 14: Outlook FY 25/26
Outlook FY 25/26 Group guidance confirmed – Continued focus on performance and restructuring while markets remain uncertain thyssenkrupp Group thyssenkrupp segments Sales Sales -7% to -4% [prev.: -5% to -2%] FY 24/25: €7.0 bn M&A effect -2% to +1% EBIT adj. €225 to 325 mn (signing of sale of FY 24/2
Slide 15: 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 16: Content
Content ⎜ tk Introduction 2-7 ⎜ Update Q1 25/26 8-15 ⎜ Group Overview and Financials 16-24 ⎜ Segment Overview and Financials 25-35 ⎜ ESG and Green Transformation 36-42 ⎜ Appendix 43-50 16 | thyssenkrupp AG | Investor Relations | February 2026
Slide 17: Key financials
Key financials [€ mn] 2024/25 2025/26 Q1 Q2 Q3 Q4 FY Q1 Order intake 12,481 8,079 10,145 6,981 37,686 7,679 Sales 7,831 8,579 8,151 8,277 32,837 7,186 EBITDA 394 468 219 409 1,490 -52 EBITDA adjusted 355 185 313 449 1,302 375 EBIT 102 188 -52 -163 76 -240 EBIT adjusted 191 19 155 274 640 211 EBT 20
Slide 18: Key financials: Multi-year overview (1/4)
Key financials: Multi-year overview (1/4) Sales EBIT adj. (€ bn) (€ mn) 43.0 42.7 42.0 41.1 1,910 2,062 39.3 37.5 1,551 35.4 34.0 35.0 32.8 1,469 802 796 703 567 640 -860 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 FCF befor
Slide 19: Key financials: Multi-year overview (2/4)
Key financials: Multi-year overview (2/4) Group 2024 / 2025 vs. 2023 / 2024 2020 / 2021 2021 / 2022 2022 / 2023 2023 / 2024 2024 / 2025 Change in % Result of operations Sales million € 34,015 41,140 37,536 35,041 32,837 -2,204 -6 Gross Margin million € 4,356 5,660 2,658 3,243 3,719 476 15 EBITDA mil
Slide 20: Key financials: Multi-year overview (3/4)
Key financials: Multi-year overview (3/4) Group 2024 / 2025 vs. 2023 / 2024 2020 / 2021 2021 / 2022 2022 / 2023 2023 / 2024 2024 / 2025 Change in % Assets/liabilities situation Total non-current assets million € 11,172 11,161 9,272 8,430 9,343 913 11 Total current assets million € 25,639 26,331 24,0
Slide 21: Key financials: Multi-year overview (4/4)
Key financials: Multi-year overview (4/4) Group 2024 / 2025 vs. 2023 / 2024 2020 / 2021 2021 / 2022 2022 / 2023 2023 / 2024 2024 / 2025 Change in % Value management Capital employed (average) million € 13,410 16,224 15,415 13,045 11,294 -1,751 -13 ROCE % 3.4 11.3 -9.3 -8 0.7 8.7 ++ Weighted average
Slide 22: Investments per segment
Investments per segment [€ mn] 1,400 – 1,600 ~45% ~55% 1,461 of total of total ~30% • Investments include a YoY increase in net ~15% ~10% AT 306 payments in connection with the construction ~20% ~5% ~10% of the DRI plant at Steel Europe ~50% DT 187 • In addition, investments for targeted growth ~40%
Slide 23: Pensions: “patient” long-term financial debt with gradual amortization
Pensions: “patient” long-term financial debt with gradual amortization [Group, € mn] Accrued pension and similar obligations Development at unchanged discount rate (schematic) • Periodic pension cost of Accrued pension liability Germany Accrued pension liability outside GER approx. €300 Accruals rel
Slide 24: Liquidity profile, reconciliation net cash and tk rating
Liquidity profile, reconciliation net cash and tk rating as of December 31, 2025 [€ mn] Liquidity analysis thyssenkrupp rating No major maturities in gross financial debt outstanding 5,138 Available Long-term Short-term 1,075 committed rating rating Outlook credit facilities Standard & BB B stable N
Slide 25: Content
Content ⎜ tk Introduction 2-7 ⎜ Update Q1 25/26 8-15 ⎜ Group Overview and Financials 16-24 ⎜ Segment Overview and Financials 25-35 ⎜ ESG and Green Transformation 36-42 ⎜ Appendix 43-50 25 | thyssenkrupp AG | Investor Relations | February 2026
Slide 26: Automotive Technology with international setup, balanced portfolio
AT Automotive Technology with international setup, balanced product portfolio and customer base Bilstein Motion Presta Dynamic Aftermarket Forged Tech Solutions Components Group BU BM BU PD BU AM BU FT Integrated chassis High-precision Bilstein & Berco branded Automotive and systems mechanical compo
Slide 27: Automotive Technology
AT Automotive Technology Performance increase in an ongoing tough market environment Sales (€ mn) EBIT adj. (€ mn | margin) BCF (€ mn) -3% 0.7% 1.2% -29 1,669 1,626 +8 20 12 -44 -73 Q1 Q1 Q1 Q1 Q1 Q1 24/25 25/26 24/25 25/26 24/25 25/26 • FX adj. on PY level in an ongoing • Countermeasures such as vo
Slide 28: DT combines key technologies for decarbonization
DT DT combines key technologies for decarbonization with a broad industrial customer base Rothe Erde Uhde Polysius thyssenkrupp nucera1 • Producer of (large) slewing • Green technologies to • Plant engineering and • Supplier of electrolysers bearings and rings support energy transition service in th
Slide 29: Decarbon Technologies
DT Decarbon Technologies Ongoing hesitant market environment Sales (€ mn) EBIT adj. (€ mn | margin) BCF (€ mn) -19% 1.9% -2.1% -175 907 -33 13 738 17 -16 -162 Q1 Q1 Q1 Q1 Q1 Q1 24/25 25/26 24/25 25/26 24/25 25/26 • Ongoing hesitant market environment with • Driven by lower sales and project-related
Slide 30: One of the world’s leading materials distributor and service provider
MX One of the world’s leading materials distributor and service provider orchestrating material supply chains between suppliers and customers Market Leadership +30 #1 Sales (24/25): ~€11 bn Countries2 in Europe3 Target Adj. EBIT margin: ~2-3% (mid-term guidance as part of tkAG Group reporting) #1 #4
Slide 31: MX covers a diversified portfolio of materials, regions, end markets and customers
MX MX covers a diversified portfolio of materials, regions, end markets and customers Our materials portfolio Our global footprint1 Our end markets (Sales by product group) (Sales per region) Other Pipes and tubes Machinery & Plastics Aerospace & space metalworking Europe2 4% 5% 29% 5% Carbon German
Slide 32: Materials Services
MX Materials Services Earnings higher despite challenging market environment especially in Europe; growth in North America Sales (€ mn) EBIT adj. (€ mn | margin) BCF (€ mn) 0.3% 0.6% -218 -6% +7 2,737 2,561 15 8 -237 -455 Q1 Q1 Q1 Q1 Q1 Q1 24/25 25/26 24/25 25/26 24/25 25/26 • Lower sales mainly imp
Slide 33: No. 2 flat steel producer in EU with broad end-market exposure
SE No. 2 flat steel producer in EU with broad end-market exposure Overview Steel Europe Highlights o Wide range of diversified customer base across all market segments 9.3 Mt 10 sq km 8.4 Mt 20 o Enhance portfolio and performance improvement at the target level: Crude steel Duisburg area Shipments P
Slide 34: Steel Europe
SE Steel Europe Solid earnings despite lower topline and ongoing weak markets Sales (€ mn) EBIT adj. (€ mn | margin) BCF (€ mn) -10% 7.7% 11.0% -246 2,178 +48 1,964 216 168 -500 -746 Q1 Q1 Q1 Q1 Q1 Q1 24/25 25/26 24/25 25/26 24/25 25/26 • Market headwinds from lower price • Increase also on the back
Slide 35: Marine Systems
MS Marine Systems Record order backlog paving the way for future growth Sales (€ mn) EBIT adj. (€ mn | margin) BCF (€ mn) -4% 5.4% 4.8% -854 568 545 -5 887 31 26 33 Q1 Q1 Q1 Q1 Q1 Q1 24/25 25/26 24/25 25/26 24/25 25/26 • Progress in execution of new • Progress in Marine electronics • Significant dec
Slide 36: Content
Content ⎜ tk Introduction 2-7 ⎜ Update Q1 25/26 8-15 ⎜ Group Overview and Financials 16-24 ⎜ Segment Overview and Financials 25-35 ⎜ ESG and Green Transformation 36-42 ⎜ Appendix 43-50 36 | thyssenkrupp AG | Investor Relations | February 2026
Slide 37: Holistic approach to sustainability on Group and Business level
thyssenkrupp pursues a holistic approach to sustainability on Group and Business level and manages Stakeholder expectations actively by transparency, communication and strategic positioning Society & Customers & other Environment/ People/ (potential) Employees Business Partners Climate Protection Cl
Slide 38: We create ESG impact…
We create ESG impact… Environment Social Governance • Aim to become climate neutral by 2050 at the • Occupational safety and health • Corporate Governance latest and set ambitious interim targets − Zero compromise on safety and health − Sustainability a Board responsibility − Emission reduction targ
Slide 39: Non-financial targets included in Long-Term Incentive with a weighting of 30%
Non-financial targets included in Long-Term Incentive with a weighting of 30% Targets Achievements FY 2023/24 FY 2024/25 Target FY 2025/26 Energy efficiency gains 366 GWh 162 GWh 110 GWh Annual reduction of emissions by 1 t CO2 per mn € sales Target closed 31.2 t CO2 per 31.4 t CO2 per Part New NFT
Slide 40: Current overview of ESG rating results for the thyssenkrupp Group
Current overview of ESG rating results for the thyssenkrupp Group CDP A Rating For the 10th time in a row on Climate A List and among the top 4% of companies in 2025 in CDP’s best category MSCI rating “BBB“ Among the top 43% of steel companies in 2025 Ecovadis Awarded a silver medal among the top 15
Slide 41: CSRD in a nutshell
CSRD in a nutshell: significant step towards higher transparency and better comparability • Double materiality assessment in accordance with the European Sustainability Reporting Standards (ESRS) • Impact materiality (Inside-out): How does thyssenkrupp impact environment and society? • Financial mat
Slide 42: Key Environmental Data
Key Environmental Data Unit 2024 / 2025 Energy Total energy consumption TWh 64.2 Greenhouse Gas emissions1) Scope 1 Mio. t CO2e 19.8 • Continuously tracking our environmental Scope 2 – location-based Mio. t CO2e 1.1 performance Scope 2 – market-based Mio. t CO2e 1.2 Scope 3 Mio. t CO2e 186.0 Waste T
Slide 43: Content
Content ⎜ tk Introduction 2-7 ⎜ Update Q1 25/26 8-15 ⎜ Group Overview and Financials 16-24 ⎜ Segment Overview and Financials 25-35 ⎜ ESG and Green Transformation 36-42 ⎜ Appendix 43-50 43 | thyssenkrupp AG | Investor Relations | February 2026
Slide 44: Special items
Special items Special items Year ended Year ended million € Change Sept. 30, 2024 Sept. 30, 2025 Automotive Technology 219 258 40 Decarbon Technologies 105 7 -98 Materials Services 196 50 -145 Steel Europe 1,031 148 -883 Marine Systems -2 4 5 Corporate Headquarters 35 50 14 Reconciliation 25 47 22 G
Slide 45: Volume KPI’s of Materials Services and Steel Europe
Volume KPI’s of Materials Services and Steel Europe 2021/22 2022/23 2023/24 2024/25 2025/26 FY FY FY Q1 Q2 Q3 Q4 FY Q1 Total shipments kt 8,701 8,925 8,175 1,848 2,264 1,745 1,782 7,639 1,554 MX Materials Stockholding and Processing kt 4,936 4,525 4,190 867 1,059 1,007 992 3,925 906 Crude Steel kt 1
Slide 46: Segment Overview – Quarterly Order Intake and Sales
Segment Overview – Quarterly Order Intake and Sales [€ mn] 2024/25 2025/26 Δ Q1 Order Intake Q1 Q2 Q3 Q4 FY Q1 yoy yoy (ex FX)1 Automotive Technology 1,630 1,744 1,788 1,759 6,921 1,567 -4% 0% Decarbon Technologies 568 645 708 673 2,594 483 -15% -12% Materials Services 2,885 3,019 2,726 2,738 11,368
Slide 47: Segment Overview – Sales by region and customer group FY 24/25
Segment Overview – Sales by region and customer group FY 24/25 [%] Region Automotive Decarbon Materials Steel Marine thyssenkrupp Automotive Decarbon Materials Steel Marine Customer group thyssenkrupp Technology Technologies Services Europe Systems Technology Technologies Services Europe Systems Wor
Slide 48: Segment Overview – Quarterly EBITDA adj. and Investments
Segment Overview – Quarterly EBITDA adj. and Investments [€ mn] 2024/25 2025/26 EBITDA adj. Q1 Q2 Q3 Q4 FY Q1 Automotive Technology 81 94 129 159 463 86 Decarbon Technologies 45 44 69 24 183 12 Materials Services 39 62 76 81 259 47 Steel Europe 180 -11 40 176 384 230 Marine Systems 50 50 42 66 208 4
Slide 49: Further information for investors
Further information for investors IR contact: +49 201-844-536480 | ir@thyssenkrupp.com thyssenkrupp shares and ADRs Upcoming IR events • Shares outstanding: 622,531,741 • February 25, 2026: Roadshow Frankfurt • Type of share: No-par-value bearer shares • March 4, 2026: Roadshow Vienna • Voting: One
Slide 50: 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