Slide 1: Q1 2023/24 Facts & Figures
Q1 2023/24 Facts & Figures Ticker: TKA (Share) TKAMY (ADR) February 2024 | Essen
Slide 2: Content
Content Page tk Introduction 2-8 Quarterly Update 9-17 Group Overview and Financials 18-23 Segment Overview and Financials 24-49 ESG and Green Transformation 50-62 Appendix 64-82 2 | thyssenkrupp AG l Investor Relations l February 2024
Slide 3: We are committed to realize value for our shareholders
We are committed to realize value for our shareholders What we build on … 1 LEADING TECHNOLOGIES, 2 STRONG TIES WITH LONG- 3 PERFORMANCE-ORIENTED 4 STRONG BALANCE SHEET 5 COMPETENCIES FOR PRODUCTS AND SERVICES STANDING CUSTOMER BASE TRANSFORMATION WITH WITH NET CASH POSITION2 GREEN TRANSFORMATION EX
Slide 4: thyssenkrupp Group structure
thyssenkrupp Group structure FY 22/23: Sales of €37.5 bn, EBIT adj. of €703 mn AT DT MX SE MS AUTOMOTIVE DECARBON MATERIALS STEEL MARINE TECHNOLOGY TECHNOLOGIES SERVICES EUROPE SYSTEMS SALES €7.9 bn €3.4 bn €13.6 bn €12.4 bn €1.8 bn EBIT ADJ. €266 mn €29 mn €178 mn €319 mn €73 mn One of the leading
Slide 5: Performance program APEX successfully started
Performance program APEX successfully started Response to challenging macro environment and support for our mid-term targets Top-down target setting by tkAG… … Initiatives by segments Chapters by segments responses to a challenging macro environment IV. III. II. Assets/CAPEX ONWC I. Clear cash Initi
Slide 6: Initial progress and measures already implemented
Initial progress and measures already implemented Business models Sales Assets Sales Transformation of service Marketing of by-products Renegotiation of leasehold Expansion of the service business in the Decarbon such as granulated blast contracts for shipyard business in materials Technologies segm
Slide 7: Mid-term targets confirmed for FYE 24/25
Mid-term targets confirmed for FYE 24/25 Performance program APEX is designed to carry us to our mid-term targets and beyond [€ bn] We have a clear target… … and a clear commitment Schematic by each segment EBIT adj. MS APEX goals 4-6% SE A group-wide and holistic program Up to MX to boost performan
Slide 8: Each segment with clear commitment to mid-term targets for FYE 24/25
Each segment with clear commitment to mid-term targets for FYE 24/25 AT (excl. SP/AE ) 1 DT MX SE MS HQ Top line thyssenkrupp Group Sales Sales Shipments2 Shipments Sales growth >€7.5 bn >€5.0 bn >6 mt ~11 mt ~7%4 EBIT adj. % Increase to a range of 4-6% Bottom line Adjustment of FCF bef. M&A costs,
Slide 9: Content
Content Page tk Introduction 2-8 Quarterly Update 9-17 Group Overview and Financials 18-23 Segment Overview and Financials 24-49 ESG and Green Transformation 50-62 Appendix 64-82 9 | thyssenkrupp AG l Investor Relations l February 2024
Slide 10: Management summary Q1 23/24
Management summary Q1 23/24 • Simplified group structure incl. set-up of Decarbon Technologies Portfolio • Sale of remaining 55% of thyssenkrupp Industries India (DT Polysius) signed • Ongoing talks on stand-alone solutions for SE and MS • Q1 numbers in line with expectations Performance • Full-year
Slide 11: Performance highlights
Performance highlights Start into FY 23/24 as expected in a challenging market environment Sales EBIT adj. FCF bef. M&A Margin Q1 €8.2 bn €84 mn 1.0 % -€531 mn -9% YoY -50% YoY -€166 mn YoY Earnings development of all businesses as expected, FCF bef. M&A affected by lower pre-payments MS supporting
Slide 12: Balance sheet highlights
Balance sheet highlights Our Group transformation journey is backed by a strong balance sheet and enabling us to capture strategic opportunities Net cash Pensions Equity ratio €3.8 bn €6.1 bn 36.2 % -€0.5 bn YTD +€0.6 bn YTD -1.9%-pts. YTD Providing resilience while navigating through macro uncertai
Slide 13: Q1 Group performance
Q1 Group performance Start into FY 23/24 as expected in a challenging market environment Sales -9% • Softer spot market prices at MX and SE € bn 9.0 8.8 8.2 • Lower total shipments at MX EBIT adj. -50% • Reduction in spot market price development affected particularly MX and SE € mn; % 168 • Efficie
Slide 14: EBIT adj. by segment
EBIT adj. by segment APEX stabilizing Group performance in an overall ongoing challenging market environment 17 YoY comments 69 AT Enhanced performance in an overall robust market environment; lower material costs vs. increase in personnel expenses (inflation) DT Performance and efficiency measures
Slide 15: Market outlook 2024 for main regions and customer groups
Market outlook 2024 for main regions and customer groups Sources: market research institutes (in % versus prior year)1 Enabler for green transformation Steel sheet products Light Vehicle Medium & Heavy Newly grid-connected Hydrogen net consumption Production Vehicle Production Wind Capacity est. dem
Slide 16: Outlook FY 23/24
Outlook FY 23/24 FY 22/23 Outlook FY 23/24 At the prior-year level Sales €37.5 bn (prior: Slightly up) High 3-digit € mn range AT Up; low-mid 3-digit € mn range DT Largely stable EBIT adj. €0.7 bn MX Up; low 3-digit € mn range SE Up; mid 3-digit € mn range MS Up; high 2-digit € mn range FCF bef. M&A
Slide 17: Outlook FY 23/24: Bridge from EBIT adj. to an again positive FCF bef. M&A
Outlook FY 23/24: Bridge from EBIT adj. to an again positive FCF bef. M&A Sig. lower YoY; Supported by incl. IFRS 16 effects ~€0.9 bn High 3-digit € mn range Supported by Incl. taxes, interests and pensions 0,7 Low ~50% contribution from 3-digit € mn SE expected (mid 3-digit € mn range) EBIT adj. Ma
Slide 18: Content
Content Page tk Introduction 2-8 Quarterly Update 9-17 Group Overview and Financials 18-23 Segment Overview and Financials 24-49 ESG and Green Transformation 50-62 Appendix 64-82 18 | thyssenkrupp AG l Investor Relations l February 2024
Slide 19: Key financials Full Group
Key financials Full Group [€ mn] 2022/23 2023/24 Q1 Q2 Q3 Q4 FY Q1 Order intake 9,177 10,188 9,390 8,305 37,060 7,973 Sales 9,018 10,107 9,598 8,812 37,536 8,181 EBITDA 485 466 445 283 1,679 238 EBITDA adjusted 391 430 464 318 1,603 269 EBIT 246 -110 212 -1,779 -1,431 -185 EBIT adjusted 168 205 243
Slide 20: Decrease in net cash driven by negative FCF before M&A
Decrease in net cash driven by negative FCF before M&A Net cash development in €mn Q1 2023/24 4.325 -531 3.796 -21 23 Incl. €-11 mn non-cash IFRS 16 effects (CFI) Net cash FCF before M&A M&A Other Net cash Sep 30, 2023 Dec 31, 2023 20 | thyssenkrupp AG l Investor Relations l February 2024
Slide 21: Capital spending is expected to be significantly lower YoY
Capital spending1 is expected to be significantly lower YoY € mn 1,823 50-55% of total 45-50% incl. IFRS 16 15-20% of total Sig. below 5-10% 20-25% AT 365 prior year 5-10% 5-10% 25-30% DT 117 60-65% 35-40% MX 282 • YoY decline mainly due to Steel Europe (shifts in the receipt of funding payments and
Slide 22: Business cash flow (BCF) and Free cash flow before M&A
Business cash flow (BCF) and Free cash flow before M&A [€ mn] 2022/23 2023/24 Δ Q1 Q1 Q4 Q1 yoy Q1 YoY BCF Automotive Technology (AT) 14 124 60 ++ AT: NWC improvements and increased earnings overcompensate BCF Decarbon Technologies (DT) -3 162 -99 -- higher investments BCF Materials Services (MX) -1
Slide 23: Special items
Special items [€ mn] 2022/23 2023/24 Q1 Q2 Q3 Q4 FY Q1 Comments on Q1 Disposal effect 1 • Mainly impairment losses at Steering due to higher AT Impairment -14 -1 -2 -59 -76 -7 cost of capital Restructuring -1 -1 -2 -4 Disposal effect -3 -1 -12 7 -9 • Mainly impairment losses at thyssenkrupp Industri
Slide 24: Content
Content Page tk Introduction 2-8 Quarterly Update 9-17 Group Overview and Financials 18-23 Segment Overview and Financials 24-49 ESG and Green Transformation 50-62 Appendix 64-82 24 | thyssenkrupp AG l Investor Relations l February 2024
Slide 25: AT with international setup and diverse product portfolio to serve customer segments
AT AT with international setup and diverse product portfolio to serve customer segments High-tech components and systems as well as automation solutions for AT is a major supplier and engineering partner to the international vehicle manufacturing automotive industry – selected examples Automotive Au
Slide 26: AT portfolio with >70% of sales independent from ICE development
AT AT portfolio1 with >70% of sales independent from ICE development Components, systems and services Automotive body solutions Axle assembly Drivetrain components Shock absorbers/suspension Mechanical and electrical steering 1. Excluding SP, AE 26 | thyssenkrupp AG l Investor Relations l February 2
Slide 27: Mission critical components with huge growth potential
AT Mission critical components with huge growth potential ICE independent ICE dependent New ICE independent Steer by Electro Steering column Steering gear VMC1 Steering Wire (SbW) Mech. Brake • AT supplies mission ECU critical components (Semi-) active Semi-active globally shock absorbers entry shoc
Slide 28: Enhanced performance in an overall robust market environment
AT Enhanced performance in an overall robust market environment Order intake [€ mn] Comments YoY Investment highlights -9% • Automotive serial business broadly stable in an 1 Mission critical components & systems 2.047 1.738 1.854 overall robust market environment Growth of core business and taking
Slide 29: Automotive Technology
AT Automotive Technology [€ mn] 2022/23 2023/24 Q1 Q2 Q3 Q4 FY Q1 Order intake 2,047 2,031 2,063 1,738 7,879 1,854 Sales 1,884 2,009 2,046 1,972 7,912 1,863 EBITDA 118 181 117 141 557 121 EBITDA adjusted 119 182 120 144 564 120 EBIT 31 106 41 6 184 42 EBIT adjusted 46 108 44 68 266 48 EBIT adj. marg
Slide 30: DT combines key technologies for decarbonization with a broad industrial customer base
DT DT combines key technologies for decarbonization with a broad industrial customer base Rothe Erde Uhde Polysius thyssenkrupp nucera1 Producer of (large) slewing Suite of green technologies to Plant engineering and service in Supplier of electrolysers for bearings and rings support energy transiti
Slide 31: Decarbon Technologies bundles key technologies for Green Transformation
DT Decarbon Technologies bundles key technologies for Green Transformation Rothe Erde1 • Global No. 1 supplier for mission critical components for wind energy • >2,500 multimegawatt main bearings manufactured • Enormous opportunities from global expansion plans for wind energy thyssenkrupp nucera2 •
Slide 32: Higher sales due to orders from the past; earnings down at all businesses
DT Higher sales due to orders from the past; earnings down at all businesses Order intake [€ mn] Comments YoY Investment highlights -37% • Below prior year, e.g. due to weaker orders from 1 Enabler for decarbonization across industries and wind and construction machinery mainly in China at market le
Slide 33: Decarbon Technologies
DT Decarbon Technologies [€ mn] 2022/23 2023/24 Q1 Q2 Q3 Q4 FY Q1 Order intake 1,021 1,000 1,097 885 4,004 644 Sales 848 856 856 878 3,438 900 EBITDA 44 73 9 -2 123 12 EBITDA adjusted 45 76 12 10 143 10 EBIT 18 46 -29 -28 8 -25 EBIT adjusted 19 49 -16 -24 29 -17 EBIT adj. margin (%) 2.2 5.8 -1.8 -2.
Slide 34: One of the world's leading mill-independent materials distributors and service providers
MX One of the world’s leading mill-independent materials distributors and service providers Materials Services fuels global industry by orchestrating material supply chains between suppliers and customers Materials distributor rankings1 Geographic presence #1 Germany 30+ countries #1 Europe ~380 bra
Slide 35: Diversified portfolio of materials, end markets and attractive geographic regions
MX Diversified portfolio of materials, end markets and attractive geographic regions Flexible multi-material portfolio Serving diversified end markets1 (exemplary customers) Pipes and tubes Other industries Stainless steel 13% ABB Airbus BMW Boeing Bombardier 5% Electrical products & equipment 5% 13
Slide 36: Solid earnings despite challenging market environment especially in Europe
MX Solid earnings despite challenging market environment especially in Europe Shipments1 [kt] Comments YoY Investment highlights 0% • Warehousing shipments unchanged due to ongoing 1 Market leader profiting from customer trends 1,003 1,116 1,001 low demand in distribution business mainly in Europe;
Slide 37: Materials Services
MX Materials Services [€ mn] 2022/23 2023/24 Q1 Q2 Q3 Q4 FY Q1 Order intake 3,348 3,901 3,272 3,163 13,684 2,857 Sales 3,246 3,897 3,346 3,124 13,613 2,860 EBITDA 56 125 112 41 333 59 EBITDA adjusted 54 117 83 55 310 61 EBIT 22 91 78 12 204 -13 EBIT adjusted 20 85 50 23 178 26 EBIT adj. margin (%) 0
Slide 38: No. 1 flat steel producer in EU with broad end-market exposure
SE No. 2 flat steel producer in EU with broad end-market exposure Shipments by end market (22/23) 10.4 Mt 10 sq km Automotive Consumer durables 9.4 Mt Crude steel production Duisburg area One of the largest EU industrial sites 9.4 Mt 20 Automotive Shipments Production Special vehicles Energy distrib
Slide 39: #1 German & #2 EU producer of premium steel products
SE 1 #1 German & #2 EU producer of premium steel products – Strong positions in core segments Excellent position in premium automotive/industrial segments in China and India Strong position in Europe and internationally Strong positioning within diverse customer segments3 > 25 years > 1,200 average
Slide 40: Flat steel demand per vehicle will increase due to electromobility
SE Flat steel demand per vehicle will increase overall due to trend towards electromobility Conventional vehicle with Internal Combustion Engine („ICE“) Battery Electric Vehicles („BEV“) approx. +10% flat steel demand1 Sample image tk Steel-reference structure „InCar“ Sample image aus tk Steel-refer
Slide 41: Steel portfolio well positioned for electromobility opportunities
SE With their portfolio of high-value steel grades, the various business and sales units of thyssenkrupp Steel Europe AG are well positioned to seize the opportunities presented by electromobility tk Steel Europe tk Steel Europe tk Electrical Steel tk Hohenlimburg Sales Automotive & Industry Sales N
Slide 42: Higher shipments and lower cost base offset by lower spot-market price levels
SE Higher shipments and lower cost base offset by lower spot-market price levels Shipments [kt] Comments YoY Investment Highlights #1 German and #2 EU producer of premium steel 1% • Shipments broadly stable on a low level 1 products 1.940 2.324 1.952 2 Strong strategic position in the center of Euro
Slide 43: Steel Europe
SE Steel Europe [€ mn] 2022/23 2023/24 Q1 Q2 Q3 Q4 FY Q1 Order intake 3,035 3,691 3,221 2,243 12,189 2,397 Sales 2,945 3,315 3,251 2,864 12,375 2,446 EBITDA 256 88 228 114 686 69 EBITDA adjusted 160 56 254 119 589 98 EBIT 186 -329 163 -1,716 -1,695 -143 EBIT adjusted 90 -14 190 54 319 69 EBIT adj. m
Slide 44: Marine Systems highlights: Leading global supplier of marine technology
MS Marine Systems highlights: Leading global supplier of marine technology Technology leadership with integrated platform, systems and services €1.8 bn Revenue FY 22/23 NATO’s preferred Naval partner supplying 70% of non-nuclear submarine fleet €12.6 bn Significant order backlog diversified across a
Slide 45: Integrated system provider: The whole world of naval technology
MS Integrated system provider: The whole world of naval technology from one single source Submarines Surface Vessels Naval Electronic Systems NXTGEN1 #1 Conventional submarines globally #1 Surface vessels in Europe Innovations for own and 3rd party platforms Civil applications Aftermarket – End-to-e
Slide 46: Significant after-sales services provide recurring multi-decade revenues
MS Significant after-sales services provide recurring multi-decade revenues (submarine example) Design and Production In Operation & Service End of Life Cycle • 100% of purchase price at • 40+ years operation & service life of a • ~40% of initial purchase price delivery of last unit in class submari
Slide 47: Performance of key metrics well on track
MS Performance of key metrics well on track Order intake [€ mn] Comments YoY Investment Highlights 314% • Extension of two existing submarine contracts 1 Global leader in innovative naval technologies 571 529 • Orders in Maintenance, Service and Marine Electronics 2 Highly attractive long-term growt
Slide 48: Marine Systems
MS Marine Systems [€ mn] 2022/23 2023/24 Q1 Q2 Q3 Q4 FY Q1 Order intake 128 135 117 571 952 529 Order backlog 13,089 12,779 12,509 12,625 12,625 12,669 Sales 507 497 480 349 1,832 433 EBITDA 32 29 27 45 134 33 EBITDA adjusted 34 30 27 45 136 33 EBIT 17 14 12 27 70 18 EBIT adjusted 19 14 12 27 73 17
Slide 49: Corporate Headquarters
HQ Corporate Headquarters [€ mn] 2022/23 2023/24 Q1 Q2 Q3 Q4 FY Q1 EBITDA -44 -38 -44 -54 -180 -60 EBITDA adjusted -43 -41 -37 -47 -167 -56 EBIT -44 -38 -45 -55 -182 -61 EBIT adjusted -43 -41 -37 -47 -169 -57 BCF -30 -56 -29 -36 -152 -58 Employees 609 611 610 625 625 631 thereof GER / tk AG 383 378
Slide 50: Content
Content Page tk Introduction 2-8 Quarterly Update 9-17 Group Overview and Financials 18-23 Segment Overview and Financials 24-49 ESG and Green Transformation 50-62 Appendix 64-82 50 | thyssenkrupp AG l Investor Relations l February 2024
Slide 51: 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 52: 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 targets for 2030 − Zero compromise on safety and health − Sustainability a Board responsibility − -30% scope 1+2 emissio
Slide 53: Growth and value opportunities from multiple transformational trends
Promising growth and value opportunities from multiple transformational trends in our portfolio For which tk with more than 200 years expertise in engineering and technology is ready to enable and capitalize on Green Energy and Decarbonization Advanced Mobility Digitalization • Hydrogen Electrolysis
Slide 54: Strong positioning of tkSE in future green steel market
Green Transformation – Strong positioning of tkSE in future green steel market Ensuring the long-term industrial value creation in the “Ruhrgebiet” Flat steel: EU estimated demand vs. supply for green steel, Mt Demand Supply 50 Demand for green steel is expected to grow, with 40 demand expected to e
Slide 55: Green Transformation – Comprehensive master plan
Green Transformation – Comprehensive master plan Roadmap to reduce CO2 by >30% until 2030 and become a climate neutral steel location by 2045 from 2027 First DR plant with melting units (SAF) Removal of the first coal-based blast furnace up to 2029 2019 Hydrogen ramp-up Trialling H2 use of the first
Slide 56: Green Transformation – DR-SAF approach for first DR-plant
Green Transformation – DR-SAF approach for first DR-plant Technology set-up leads to significant advantages Technology approach Benefit of our technology approach Significant CO2 savings in hot metal DR-plant production by using hydrogen Reduction of iron ore in the form of pellets to direct reduced
Slide 57: Response to the TCFD framework
Our response to the Taskforce on Climate-related Financial Disclosures (TCFD) framework thyssenkrupp attaches great importance to the topics of environmental protection, climate change & energy efficiency ✓ Oversight of climate strategy by Executive Board and Sustainability Our online publication Go
Slide 58: Indirect Financial Targets (IFTs) to track progress in sustainability
Indirect Financial Targets (IFTs) to track continuous progress in sustainability Targets Achievements FY 2021/22 FY 2022/23 Target 2023/24 Annual energy efficiency gains of 85 GWh in FY 2022/23 255 GWh 340 GWh ≥ 205 GWh Annual reduction of emissions by 1 t CO2 per mn € sales 35.5 t CO2 per 28.9 31.2
Slide 59: Women in leadership positions: Further increase in 2023
Women in leadership positions: Further increase in 2023 and well on track to reach the target of 17% • The “Fair Share” as ambitious target incl. Elevator Technologies (ET) (in comparison to other companies having (discontinued operations) higher “numeric” targets, but also a higher proportion of wo
Slide 60: Group Accident Frequency Rate target for FY 2023/24
The adaption of the agreed target scheme for the Group Accident Frequency Rate from the next FY onwards results in a target value of 2.2 for FY 2023/24 Group Accident Frequency Rate actual (until 18/19 incl. ET) Target (formerly agreed) 5.9 Target (adapted) 4.8 4.6 3.7 3.0 3.0 2.9 2.8 2.6 2.7 2.6 2.
Slide 61: Ratings underline leading ESG position of thyssenkrupp Group
Ratings underline leading ESG position of thyssenkrupp Group CDP A Rating Among the top 5% of companies in 2023 MSCI rating "AA“ Among the top 20% of steel companies in 2023 Ecovadis Among the top 3% of companies in the same sector Sustainalytics In the top 7% of the "Industrial Conglomerates" secto
Slide 62: EU Taxonomy reporting FY 2022/23
EU Taxonomy reporting FY 2022/23 (AR 2022/23, p. 120 et seqq.) • Key component of the EU Green Deal and the Action Plan on Financing Sustainable Growth & integrated in our annual report since FY 2021/22 • Taxonomy-eligible economic activities (since FY 2021/22) at thyssenkrupp: − 3.1 Manufacture of
Slide 63: Key Environmental Data
Key Environmental Data Unit 2020 / 2021 2021 / 2022 2022 / 2023 Energy Total energy consumption TWh 74.0 66.1 67.9 • Continuously tracking our environmental Greenhouse Gas emissions performance Scope 1 Mio. t CO2e 22.81 21.4 22.9 Scope 2 Mio. t CO2e 1.01 0.8 1.0 Scope 1 + 2 Mio. t CO2e 23.81 22.2 23
Slide 64: Content
Content Page tk Introduction 2-8 Quarterly Update 9-17 Group Overview and Financials 18-23 Segment Overview and Financials 24-49 ESG and Green Transformation 50-62 Appendix 64-82 64 | thyssenkrupp AG l Investor Relations l February 2024
Slide 65: 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) Accrued pension liability Germany Accrued pension liability outside GER Accruals related to partial retirement agreements Ot
Slide 66: Germany accounts for majority of pension plans
Germany accounts for majority of pension plans [Group, FY 2022/23; € mn] Funded status of defined benefit obligation Reconciliation of accrued pension liabilities by region Germany Outside Germany 1 1 • >95% of the unfunded portion in Germany; • Plan assets outside Germany mainly attributable to Ger
Slide 67: Net periodic payments exceed service costs and amortize pension liability
Net periodic payments exceed Service costs and amortize pension liability by ~€100 mn (p.a.) [Group, € mn] Non-cash employees earning Cash to pensioners future pension payments -510 3 190 5,573 115 -348 5,294 -162 162 -46 -194 Net periodic pension cost 308 5,294 Net periodic payment 394 3.70 4.20 Se
Slide 68: Segment Overview – Quarterly Order Intake
Segment Overview – Quarterly Order Intake [€ mn] 2022/23 2023/24 Δ Q1 Q1 Q2 Q3 Q4 FY Q1 yoy yoy (ex FX)1 Automotive Technology 2,047 2,031 2,063 1,738 7,879 1,854 -9% -7% Decarbon Technologies 1,021 1,000 1,097 885 4,004 644 -37% -35% Materials Services 3,348 3,901 3,272 3,163 13,684 2,857 -15% -13%
Slide 69: Segment Overview – Quarterly Sales
Segment Overview – Quarterly Sales [€ mn] 2022/23 2023/24 Δ Q1 Q1 Q2 Q3 Q4 FY Q1 yoy yoy (ex FX)1 Automotive Technology 1,884 2,009 2,046 1,972 7,912 1,863 -1% 1% Decarbon Technologies 848 856 856 878 3,438 900 6% 9% Materials Services 3,246 3,897 3,346 3,124 13,613 2,860 -12% -11% Steel Europe 2,94
Slide 70: Sales by region FY 2022/23
Sales by region FY 2022/23 [%] Automotive Decarbon Materials Steel Marine thyssenkrupp Technology Technologies Services Europe Systems Group Worldwide (€mn) 7,912 3,438 13,613 12,375 1,832 37,536 1 DACHLI 28.0 14.5 34.0 55.0 24.0 35.4 Germany 25.9 13.7 31.1 52.6 24.0 33.1 Central/ Eastern Europe 5.1
Slide 71: Sales by customer group FY 2022/23
Sales by customer group FY 2022/23 [%] Automotive Decarbon Materials Steel Marine thyssenkrupp Technology Technologies Services Europe Systems Group Overall (€mn) 7,912 3,438 13,613 12,375 1,832 37,536 Automotive 88.1 0.9 15.6 27.0 0.0 33.2 Steel and related processing 0.1 2.5 16.9 21.9 0.0 12.4 Tra
Slide 72: Segment Overview – Quarterly EBIT and Margin
Segment Overview – Quarterly EBIT and Margin [€ mn] 2022/23 2023/24 Q1 Q2 Q3 Q4 FY Q1 Automotive Technology 31 106 41 6 184 42 % 1.6 5.3 2.0 0.3 2.3 2.2 Decarbon Technologies 18 46 -29 -28 8 -25 % 2.1 5.4 -3.4 -3.2 0.2 -2.8 Materials Services 22 91 78 12 204 -13 % 0.7 2.3 2.3 0.4 1.5 -0.5 Steel Euro
Slide 73: Segment Overview – Quarterly EBIT adj. and Margin
Segment Overview – Quarterly EBIT adj. and Margin [€ mn] 2022/23 2023/24 Q1 Q2 Q3 Q4 FY Q1 Automotive Technology 46 108 44 68 266 48 % 2.4 5.4 2.2 3.4 3.4 2.6 Decarbon Technologies 19 49 -16 -24 29 -17 % 2.2 5.8 -1.8 -2.7 0.8 -1.9 Materials Services 20 85 50 23 178 26 % 0.6 2.2 1.5 0.7 1.3 0.9 Steel
Slide 74: Segment Overview – Quarterly BCF and Free Cash Flow bef. M&A
Segment Overview – Quarterly Business Cash Flow (BCF) and Free Cash Flow bef. M&A1 [€ mn] 2022/23 2023/24 Q1 Q2 Q3 Q4 FY Q1 BCF Automotive Technology 14 -89 110 124 159 60 BCF Decarbon Technologies -3 -8 -42 162 109 -99 BCF Materials Services -113 98 260 68 313 72 BCF Steel Europe -273 124 313 205 3
Slide 75: Volume KPIs of Materials Services and Steel Europe
Volume KPI’s of Materials Services and Steel Europe1 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 FY FY FY FY Q1 Q2 Q3 Q4 FY Q1 Total shipments kt 9,849 8,138 9,114 8,701 2,143 2,344 2,270 2,168 8,925 1,760 MX Materials Stockholding and Processing kt 5,784 5,087 5,275 4,936 1,003 1,264 1,142 1,11
Slide 76: Liquidity analysis, maturity profile of gross financial debt and net cash
Liquidity analysis, maturity profile of gross financial debt and reconciliation net cash as of December 31, 2023 [€ mn] 7,941 Available 1,215 committed credit facilities Net cash +3,796 Maturity profile of gross financial debt Cash and 6,726 cash Total: 2,281 2,929 equivalents1 (w/o Lease liabilitie
Slide 77: thyssenkrupp rating
thyssenkrupp rating Long-term Short-term rating rating Outlook Standard & Poor’s BB B stable Moody’s Ba3 not Prime positive 77 | thyssenkrupp AG l Investor Relations l February 2024
Slide 78: Reconciliation of EBIT Q1 23/24 from P&L
Re-conciliation of EBIT Q1 23/24 from P&L [€ mn] P&L structure EBIT definition Net sales 8,181 Net sales 8,181 Cost of sales -7,383 Cost of sales -7,383 SG&A, R&D -1,079 SG&A, R&D -1,079 Other income/expense 106 Other income/expense 106 Other gains/losses -8 Other gains/losses -8 = Income from opera
Slide 79: thyssenkrupp shareholder structure as of end of September 23
thyssenkrupp shareholder structure as of end of September 2023 Investors Regional split AKBH Undisclosed Europe Foundation 8.5% Rest of the World 12.5% ~21% 4.5% UK/Ireland 4.5% Free Float ~79% Private ~15% 25.0% Investors ~64% North America International 45.0% Mutual Funds Germany incl. AKBH Founda
Slide 80: Share and ADR Data
Share and ADR Data • Shares outstanding 622,531,741 • Type of share No-par-value bearer shares • Voting One share, one vote Share Data • Ticker Symbol TKA • German Security Identification Number (WKN) 750 000 • ISIN Number DE0007500001 • Exchange Frankfurt, Dusseldorf ADR Data • Ratio (ordinary shar
Slide 81: Further Investor Relations Information
Further Investor Relations Information IR contact: +49 201-844-536480 | ir@thyssenkrupp.com Upcoming IR Events February 15, 2024 Roadshow Frankfurt March 5/6, 2024 Roadshow Dublin / Edinburgh March 19, 2024 Jefferies Pan-European Mid-Cap Conference, London April 9/10, 2024 Roadshow Zurich / Geneva /
Slide 82: 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