Salzgitter Ag · XETR:SZG

Salzgitter — Investor Presentation (August 2026)

44 slides from Salzgitter's investor presentation, August 2026

Slide 1: Presentation of the Group
SALZGITTER AG PRESENTATION OF THE GROUP
Slide 5: Group Structure and Key Data FY 2025
GROUP STRUCTURE AND KEY DATA FY 2025 Salzgitter Group Salzgitter Group External Sales: € 9.0 billion / EBT: € -27.7 million / Employees: 22,014 Steel Production Steel Processing Trading Technology / External Sales: € 3.2 billion / External Sales: € 1.2 billion / External Sales: € 2.6 billion / Exter
Slide 6: Group Structure
GROUP STRUCTURE Salzgitter Group Salzgitter Group Salzgitter Mannesmann / Salzgitter Klöckner-Werke Industrial Participations / Steel Production Steel Processing Trading Technology Consolidation Salzgitter Flachstahl Mannesmann Precision Tubes Salzgitter Mannesmann Handel Gruppe KHS Verkehrsbetriebe
Slide 7: External Sales 2025 by Product Group
EXTERNAL SALES 2025 BY PRODUCT GROUP Salzgitter Group 10% Other 44% 19% Strip steel Filling- and packaging lines 11% Tubes 8% 8% Plate Section steel Only from entities within the group of consolidated companies of Salzgitter Group, excluding EUROPIPE Group Broad product portfolio / © 2026 Salzgitter
Slide 8: External Sales 2025 by Customer Industries
EXTERNAL SALES 2025 BY CUSTOMER INDUSTRIES Salzgitter Group 10% 15% Other Vehicle construction 18% 13% Food and beverage Construction industry industry 5% 4% Mechanical engineering White goods, electrical equipment 4% 3% Re-Roller Energy sector and utilities 4% 24% Tubes producers Traders, Steel-Ser
Slide 9: External Sales 2025 by Regions
EXTERNAL SALES 2025 BY REGIONS Salzgitter Group 5% Others 8% Asia 11% 42% Americas Germany 4% Other Europe 30% Other EU Sales by consignee (only from entities within the group of consolidated companies of Salzgitter Group, excluding EUROPIPE Group) Share of ex-Germany sales by consignee 58% / © 2026
Slide 10: Shareholder Structure and Share Turnover
SHAREHOLDER STRUCTURE AND SHARE TURNOVER Salzgitter Group SHAREHOLDER STRUCTURE DAILY TURNOVER IN THOUSAND SHARES 400 5.9% 9.9% Other Salzgitter AG shareholders 13.4% 27.9% Retail State of Lower 200 investors Saxony 33.3% 9.6% Institutional GP Günter investors Papenburg AG 0 1Q | 23 4Q | 23 3Q | 24
Slide 11: Key Data Financial Year 2025
KEY DATA FINANCIAL YEAR 2025 Salzgitter Group GJ 2025 GJ 2024 Δ Crude steel production kt 5,880 6,391 -511 External sales1 € million 8,981 10,012 -1,030 EBITDA VX2 € million 406 445 -39 EBITDA € million 376 445 -69 EBT VX2 € million 2 -296 298 EBT € million -28 -296 268 EAT € million -70 -348 278 EP
Slide 12: Balance Sheet
BALANCE SHEET Salzgitter Group Assets Equity & Liabilities 10,465 10,481 10,465 10,481 4,992 5,170 4,449 4,433 Non-current assets Equity 1,638 1,408 Pension provisions 2,741 2,532 Inventories 846 Other non-current 2,299 liabilities Cash and 3,532 securities 1,002 1,065 2,341 Other current assets 1,7
Slide 13: Investments and Depreciation
INVESTMENTS AND DEPRECIATION Salzgitter Group (€ million) 899 401 ~650 Public funding 528 2 received 295 € 290 million3 229 88 ~100 2 498 202 329 299 316 176 152 2024 2025 H1 2026 2026e Scheduled Unscheduled Investments 1 SALCOS® (including grants) HKM additional Depreciation Depreciation 1 Property
Slide 14: Steel Production Business Unit
STEEL PRODUCTION BUSINESS UNIT Salzgitter Group CAPABILITIES KEY DATA FY 2025 / Integrated steel works with three blast furnaces Consolidated Sales €m 3,166 / Steel works with two blast furnaces / Top-modern mini mill with two electric arc Earnings before taxes €m -65,6 furnaces Core workforce (12/3
Slide 15: Steel Processing Business Unit
STEEL PROCESSING BUSINESS UNIT Salzgitter Group CAPABILITIES KEY DATA FY 2025 / Own crude steel supply via Consolidated Sales €m 1,222 Hüttenwerke Krupp Mannesmann / Two rolling mills for plate with 1.1 mt annual Earnings before taxes €m -116,5 capacity Core workforce (12/31) 4,112 / Plate width up
Slide 16: Trading Business Unit
TRADING BUSINESS UNIT Salzgitter Group CAPABILITIES KEY DATA FY 2025 / Own distribution network for steel products with Consolidated Sales €m 2,629 warehousing sites in Europe / Processing group specialized in heavy plate Earnings before taxes €m 31 products Core workforce (12/31) 1,599 / Internatio
Slide 17: Technology Business Unit
TECHNOLOGY BUSINESS UNIT Salzgitter Group CAPABILITIES KEY DATA FY 2025 / 10 production plants worldwide Consolidated Sales €m 1,767 / > 90% of sales outside of Germany Earnings before taxes €m 113 Core workforce (12/31) 5,897 EXTERNAL SALES BY CUSTOMER INDUSTRY 1 3% 1% Vehicle COMPETENCES AND PRODU
Slide 18: Industrial Participations
INDUSTRIAL PARTICIPATIONS Salzgitter Group COMPETENCES AND KEY DATA FY 2025 PARTICIPTATIONS Consolidated Sales €m 198 / Services: Earnings before taxes VX1 €m 40 / Research and development for the Group and external customers Earnings before taxes €m 11 / Information technology Core workforce (12/31
Slide 20: EU Trade Policy
EU TRADE POLICY Market Situation New steel safeguard measure takes effect / Import quotas halved, with 50% tariff applied to imports exceeding quota / Melt & Pour starting in Q4, expansion to include steel derivatives next year / Significant reduction in imports – impact on prices (+€ 30/t S&P HRC e
Slide 21: ETS Review
ETS REVIEW Market Situation Regulatory framework remains robust / Results not expected until the first half of 2027 at the earliest / The EU ETS remains essentially unchanged Protecting pioneers / Current draft puts pioneering companies at a disadvantage compared to the status quo / Compensatory mec
Slide 22: Raw Material and Energy Prices
RAW MATERIAL AND ENERGY PRICES Market Situation RAW MATERIAL PRICES ENERGY PRICES IRON ORE COKING COAL ELECTRICITY NATURAL GAS (62% Fe CFR C h i n a , U S $ / d m t ) (FOB Australia, U S $ / t ) (Futures market front year EEX, €/MWh) ( Fu t u r es mar k et f r o n t yea r E E X, €/MWh) 150 400 150 1
Slide 23: Price Development CO2 Emission Allowances
PRICE DEVELOPMENT CO2 EMISSION ALLOWANCES Market Situation PRICE OF CO 2 EMISSION ALLOWANCES (€/t) 120 100 80 60 40 20 0 2021 2022 2023 2024 2025 2026 Political statements on the upcoming review of the ETS weighed on the CO2 price at the beginning of 2026 – gradual increase is expected in the long t
Slide 24: Steel Prices
STEEL PRICES Market Situation SPOT PRICES NORTHERN EUROPE (€/t) INTERNATIONAL HOT-ROLLED COIL PRICES (€/t) 1,300 1,300 1,100 1,100 900 900 700 700 500 500 300 300 Jan' 24 Jul' 24 Jan' 25 Jul' 25 Jan' 26 Jul' 26 Jan' 24 Jul' 24 Jan' 25 Jul' 25 Jan' 26 Jul' 26 HRC EXW Ruhr Plate EXW Ruhr Medium sectio
Slide 26: Vision and Mission
VISION AND MISSION Strategy PIONEERING FOR PARTNERING FOR CIRCULAR SOLUTIONS TRANSFORMATION We are the market leader for Together we will resolutely circular economy solutions in chart new courses, transform global industrial value chains industry, and create sustainable with our innovative products
Slide 27: Ambition: To Become Market Leader in Circular Economy
AMBITION: TO BECOME MARKET LEADER IN CIRCULAR ECONOMY Strategie KEY POINTS / For us, circularity means using resources for as long as possible and minimizing the supply of new resources / Together with our partners, we want to be pioneers and help shape the standards of the circular economy / In ord
Slide 28: Salzgitter AG's Decarbonization Approach
SALZGITTER AG'S DECARBONIZATION APPROACH Strategy SCIENCE-BASED HOLISTIC IMPACT-ORIENTED TRANSPARENT Our goals are based on We consider both our direct We focus on cost-efficient We regularly communicate globally recognized scientific impacts and those in the measures to avoid our progress and invit
Slide 29: Holistic Approach for Economic Stability
HOLISTIC APPROACH FOR ECONOMIC STABILITY Strategy Steel Production: New shredder and sorting plant, LESS certifications ensure transparency, tapping into market potential with SALCOS® steel as a first-mover offering Steel Processing: Expansion and new TL approvals for the SECURE product family, new
Slide 30: SALCOS: Transformation of the Salzgitter Steelworks
SALCOS ® : TRANSFORMATION OF THE SALZGITTER STEELWORKS Strategy TRANSFORMATION STATUS QUO SALCOS® STAGE 1 COMPLETED Heute 2027 Mid-2030s Finalization of SALCOS® Stage One is secured and The decisions on the realization date of the the plants will start production in 2027. following steps of SALCOS®
Slide 31: SALCOS Phase 1: #WeMakeItHappen
SALCOS ® PHASE 1: #WEMAKEITHAPPEN Strategy PREPARATIONS FOR COMMISSIONING PROCEEDING AS PLANNED / Commissioning planned for 2027 / Steel structure of the 120-meter-tall HyTemp tower fully assembled / Numerous large components are now installed in their final positions / Work on utility and power sup
Slide 32: Salzgitter Acquires 100% of HKM
SALZGITTER ACQUIRES 100% OF HKM Strategy WE TAKE RESPONSIBILITY / Salzgitter AG acquires 100% of the HKM shares from thyssenkrupp Steel and Vallourec / Full strategic and operational control enables Salzgitter to independently realign the value chain. / Transition to low-carbon steel production The
Slide 33: HKM – Financial Impact
HKM – FINANCIAL IMPACT Strategy Results Positive contribution in H2 2026 due to consolidation Effects from PPA still under to evaluation, to be completed by the end of 2026 Balance Sheet Effects within the Group Extension of the balance sheet without fundamental changes to the structure Positive imp
Slide 34: Defence: SECURE Protection Steels
DEFENCE: SECURE PROTECTION STEELS Strategy SECURE PROTECTION STEELS / Excellent protection combined with high tensile strength, toughness, and hardness / Weight optimization through very tight thickness tolerances / Good processability via cutting, welding, and cold and hot forming APPLICATIONS / Sp
Slide 36: Management Guidance
MANAGEMENT GUIDANCE Salzgitter Group Based on the business developments in the first half of 2026, and factoring in effects from changes in the group of consolidated companies following the completion of acquiring Hüttenwerke Krupp Mannesmann GmbH, we now anticipate the following for the Salzgitter
Slide 38: Key Data per 2026/06/30
KEY DATA PER 2026/06/30 Financials H1 2026 H1 2025 Δ Q2 2026 Q1 2026 Crude steel production kt 3,034 2,926 108 1,465 1,569 External sales1 € million 4,588 4,665 -77 2,243 2,345 EBITDA VX € million 459 117 342 179 280 EBITDA € million 278 117 161 82 196 Earnings effects from the valuation exchangeabl
Slide 39: Income Statement
INCOME STATEMENT Financials Income Statement (€ million) H1 2026 H1 2025 Δ Sales 4,588.0 4,664.7 -76.7 Increase/decrease in finished goods and work in process/other own work -43.9 -165.4 121.5 capitalized 4,544.0 4,499.2 44.8 Other operating income 224.3 312.8 -88.5 Cost of materials 2,814.9 2,937.1
Slide 40: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Financials Assets (€ million) 30.06.2026 31.12.2025 Δ Non-current assets 5,261.0 5,169.8 91.2 Intangible assets, property, plant and equipment 2,943.2 3,015.4 -72.2 Investment property 62.7 63.3 -0.6 Financial assets 16.7 16.5 0.2 Investments accounted for using the equity
Slide 41: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Financials Equity and liabilities (€ million) 30.06.2026 31.12.2025 Δ Equity 4,542.3 4,432.8 109.5 Subscribed capital 161.6 161.6 0.0 Capital reserve 251.6 257.0 -5.4 Retained earnings 4,402.1 4,343.9 58.2 Other reserves 34.7 20.7 14.0 Unappropriated retained earnings 1.2
Slide 42: Cash Flow Statement
CASH FLOW STATEMENT Financials (€ million) H1 2026 H1 2025 Δ Cash and cash equivalents at the start of the period 1,060.5 1,002.2 58.4 Cash flow from operating activities 58.7 81.0 -22.3 Cash flow from investment activities 81.5 -243.5 325.0 Cash flow from financial activities 5.0 -47.3 52.3 Changes
Slide 43: Disclaimer
DISCLAIMER Salzgitter AG LEGAL NOTE COPYRIGHTS To the extent that our Internet pages contain statements oriented towards or related to the This data file and the data contained on these pages (including, among others, texts, future, such statements are based on our current state of knowledge and the
Slide 44: Salzgitter AG
- SALZGITTERAG People, Steel and Technolo

Salzgitter — Investor Presentation (August 2026) on 6ix

Salzgitter — Investor Presentation (August 2026)

Slide 1: Presentation of the Group

Slide 2: Agenda

Slide 3: Salzgitter Group

Slide 4: Global Presence

Slide 5: Group Structure and Key Data FY 2025

Slide 6: Group Structure

Slide 7: External Sales 2025 by Product Group

Slide 8: External Sales 2025 by Customer Industries

Slide 9: External Sales 2025 by Regions

Slide 10: Shareholder Structure and Share Turnover

Slide 11: Key Data Financial Year 2025

Slide 12: Balance Sheet

Slide 13: Investments and Depreciation

Slide 14: Steel Production Business Unit

Slide 15: Steel Processing Business Unit

Slide 16: Trading Business Unit

Slide 17: Technology Business Unit

Slide 18: Industrial Participations

Slide 19: Market Situation

Slide 20: EU Trade Policy

Slide 21: ETS Review

Slide 22: Raw Material and Energy Prices

Slide 23: Price Development CO2 Emission Allowances

Slide 24: Steel Prices

Slide 25: Strategy

Slide 26: Vision and Mission

Slide 27: Ambition: To Become Market Leader in Circular Economy

Slide 28: Salzgitter AG's Decarbonization Approach

Slide 29: Holistic Approach for Economic Stability

Slide 30: SALCOS: Transformation of the Salzgitter Steelworks

Slide 31: SALCOS Phase 1: #WeMakeItHappen

Slide 32: Salzgitter Acquires 100% of HKM

Slide 33: HKM – Financial Impact

Slide 34: Defence: SECURE Protection Steels

Slide 35: Management Guidance

Slide 36: Management Guidance

Slide 37: Financials

Slide 38: Key Data per 2026/06/30

Slide 39: Income Statement

Slide 40: Consolidated Balance Sheet

Slide 41: Consolidated Balance Sheet

Slide 42: Cash Flow Statement

Slide 43: Disclaimer

Slide 44: Salzgitter AG