Thyssenkrupp Ag · XETR:TKA
Thyssenkrupp — Q3 2026 Earnings Presentation
16 slides from Thyssenkrupp's earnings presentation, Aug 13, 2026
Slide 1: Q3 25/26 Conference Call
Q3 25/26 Conference Call Miguel López, CEO thyssenkrupp AG Dr. Axel Hamann, CFO thyssenkrupp AG thyssenkrupp AG I August 2026
Slide 2: Management summary Q3 25/26
Management summary Q3 25/26 Portfolio / ACES 2030 Performance Green Transformation • HQ: Transformation towards a financial • Further step-up in performance despite • Uhde with successful modernization of holding company in execution some uncertain market developments an ammonia converter in Turkey
Slide 3: tk accelis (Materials Services) spin-off on track
tk accelis (Materials Services) spin-off on track Equity story and increased mid-term targets presented on CMD in July Financing in place with a borrowing base financing agreement of €1.7 bn EGM (Aug 7) with broad approval (99.99%) successfully conducted Next steps: Listing within this calendar year
Slide 4: Financial overview Q3 25/26
Financial overview Q3 25/26 Strict performance management continues to show tangible impact on bottom line Sales (€ bn) EBIT adj. (€ mn | margin) Net income (€ mn) FCF bef. M&A (€ mn) Net Cash (€ bn) Organic +9% Q3: 8.8 (+8% YoY) Q3: 183 (+28 YoY) 2.1% Q3: 34 (+289 YoY) Q3: -114 (+114 YoY) Jun-26: 2
Slide 5: Q3 25/26 Sales and EBIT adj. development at a glance
Q3 25/26 Sales and EBIT adj. development at a glance Top-line development with promising momentum, especially at Materials Services Sales +0.6 (€ bn) 8.8 0.0 0.0 0.2 0.1 8.2 0.5 0.0 -0.2 Prices and volumes Q3 Δ AT Δ DT Δ MX Δ SE Δ MS Δ HQ Δ Recon/ Q3 24/25 Other 25/26 EBIT adj. +28 (€ mn) Low demand
Slide 6: Automotive Technology
Automotive Technology Continued focus on restructuring and countermeasures to tackle market headwinds Sales (€ mn) Organically EBIT adj. (€ mn | margin) BCF (€ mn) flat 3.4% 2.2% 1.9% 1.9% -3% -4% +21 +111 +1 -23 58 1,785 1,736 5,255 5,064 61 98 98 37 -71 38 -182 Q3 Q3 9M 9M Q3 Q3 9M 9M Q3 Q3 9M 9M
Slide 7: Decarbon Technologies
Decarbon Technologies Ongoing hesitant market environment weighing on performance Sales (€ mn) EBIT adj. (€ mn | margin) BCF (€ mn) 4.9% -0.1% 2.9% -0.8% -19% -20% +64 -207 -43 -93 852 2,643 42 76 694 2,117 -30 -52 -1 -18 -94 -259 Q3 Q3 9M 9M Q3 Q3 9M 9M Q3 Q3 9M 9M 24/25 25/26 24/25 25/26 24/25 25/
Slide 8: 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) 1.6% 2.4% 1.0% 2.0% +18% +6% +9 -122 +36 +96 2,860 3,378 8,640 9,131 178 82 -4 45 82 -311 -13 -433 Q3 Q3 9M 9M Q3 Q3 9M 9M Q3 Q3 9M
Slide 9: Steel Europe
Steel Europe Self-help measures drive earnings improvement despite still challenging market conditions Sales (€ mn) EBIT adj. (€ mn | margin) BCF (€ mn) 1.3% 2.8% 2.4% 5.3% +5% -3% +40 -108 +42 +196 167 2,453 2,586 7,270 7,038 73 127 373 31 177 -350 -458 Q3 Q3 9M 9M Q3 Q3 9M 9M Q3 Q3 9M 9M 24/25 25/
Slide 10: Marine Systems
Marine Systems Record order backlog paving the way for future growth Sales (€ mn) EBIT adj. (€ mn | margin) BCF (€ mn) 4.6% 6.9% 5.3% 5.8% +44% +18% +44 -761 +27 +25 721 1,888 50 582 500 1,601 110 85 23 -116 -160 -179 Q3 Q3 9M 9M Q3 Q3 9M 9M Q3 Q3 9M 9M 24/25 25/26 24/25 25/26 24/25 25/26 24/25 25/2
Slide 11: Q3 25/26 EBIT adj. to Net Income bridge
Q3 25/26 EBIT adj. to Net Income bridge Write-ups at SE supporting Net Income EBIT adj. to 222 Net Income (€ mn) 39 183 -118 Incl. write-ups at SE (€+407 mn) and impairment losses (€-276 mn) due to HKM exit as well as restructuring expenses (€-28 mn) 104 -70 34 EBIT Special EBIT Finance/ Income Tax
Slide 12: Q3 25/26 reconciliation to FCF bef. M&A
Q3 25/26 reconciliation to FCF bef. M&A Continued strict NWC and investment management Net Income to 34 Incl. adjustment for FCF bef. M&A sale of remaining (€ mn) stake in AST -14 -116 68 Incl. funding DRI No material plant SE (€252 mn) NWC1 effects -100 -82 -114 Net Income Recon. OCF CF Invest FCF
Slide 13: Outlook FY 25/26
Outlook FY 25/26 Group guidance specified for Sales and EBIT adj. – confirmed for FCF bef. M&A thyssenkrupp Group thyssenkrupp segments Sales Sales -6% to -4% [prev.: -7% to -4%] FY 24/25: €7.0 bn -3% to -1% [prev.: -3% to 0%] EBIT adj. €150 to 200 mn [prev.: €225 to 325 mn] FY 24/25: €32.8 bn Sales
Slide 14: Wrap-up
Wrap-up tkAG to transform into a financial holding company tk accelis spin-off as next proof point for ACES 2030 visible Steel Europe Capital Markets Day to provide transparency on progress Individual approach for each business to secure sustainable success, incl. necessary restructuring Leverage op
Slide 15: Q&A Session
Q&A Session Miguel Ángel López Borrego Dr. Axel Hamann CEO CFO 15 thyssenkrupp AG | Conference Call Q3 25/26
Slide 16: 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