Salzgitter Ag · XETR:SZG
Salzgitter — Investor Presentation (November 2025)
46 slides from Salzgitter's investor presentation, November 2025
Slide 1: Presentation of the Group
SALZGITTER AG PRESENTATION OF THE GROUP
Slide 2: Agenda
AGENDA 01 Salzgitter Group 02 Economic development and guidance 03 Strategy 04 Financials © 2025 Salzgitter AG / 2
Slide 3: Global Presence
01 Salzgitter GLOBAL PRESENCE Group Steel Production located in Germany, Steel Processing with plants in Europe; Trading and Technology have global presence © 2025 Salzgitter AG / 3
Slide 4: Group Structure and Key Data FY 2024
01 Salzgitter GROUP STRUCTURE AND KEY DATA FY 2024 Group Salzgitter Group External Sales cons.: € 1 0 . 0 b i l l i o n / EBT: € -296.2 million / Employees: 22,381 Steel Production Steel Processing Trading Technology / External Sales: € 3.4 billion / External Sales: € 1.6 billion / External Sales: €
Slide 5: Group Structure
01 Salzgitter GROUP STRUCTURE Group As of October 2025, simplified display *) Plus stock lending facility of 4.4% of Aurubis AG’s issued share capital in connection with an October 2025 issue of bonds exchangeable Salzgitter Group Salzgitter Mannesmann / Salzgitter Klöckner-Werke Steel Production St
Slide 6: External Sales 2024 by Product Group
01 Salzgitter EXTERNAL SALES 2024 BY PRODUCT GROUP Group 11% Other 43% 16% Strip steel Filling- and packaging lines 13% Tubes 9% 8% Plate Section steel Only from entities within the group of consolidated companies of Salzgitter Group, excluding EUROPIPE Group Broad product portfolio © 2025 Salzgitte
Slide 7: External Sales 2024 by Customer Industries
01 Salzgitter EXTERNAL SALES 2024 BY CUSTOMER INDUSTRIES Group 9% 16% Other Vehicle construction 17% 11% Food and beverage Construction industry industry 6% 4% White goods, Mechanical engineering electrical equipment 7% 3% Re-Roller Energy sector and utilities 3% 25% Tubes producers Traders, Steel-S
Slide 8: External Sales 2024 by Regions
01 Salzgitter EXTERNAL SALES 2024 BY REGIONS Group 5% Others 8% Asia 11% 41% Americas Germany 5% 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 59% © 202
Slide 9: Key Data Financial Year 2024
01 Salzgitter KEY DATA FINANCIAL YEAR 2024 Group FY 2024 FY 2023 Δ Crude steel production Tt 6,391 5,709 682 External sales1 million € 10,012 10,790 -779 EBITDA million € 445 677 -232 Earnings before taxes million € -296 238 -535 Earnings after taxes million € -348 204 -552 Earnings per share (undil
Slide 10: Investments and Depreciation
01 Salzgitter INVESTMENTS AND DEPRECIATION Group (€ million) 899 583 475 295 442 20 4 286 317 329 236 2022 2023 2024 9M 2025 Scheduled Unscheduled Investments1 depreciation depreciation 1 Property, plant and equipment and intangible assets, excluding financial assets Focus on supplementary investmen
Slide 11: Agenda
AGENDA 01 Salzgitter Group 02 Economic development and guidance 03 Strategy 04 Financials © 2025 Salzgitter AG / 11
Slide 12: Raw Material and Energy Prices
02 Econ RAW MATERIAL AND ENERGY PRICES omic d e vel opmen t a n d guid a n ce RAW MATERIAL PRICES (US$/t) ENERGY PRICES (€/MWh) 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) (Area THE, EEX Day-A
Slide 13: Price Development CO2 Emission Allowances
02 Econ PRICE DEVELOPMENT CO 2 EMISSION ALLOWANCES omic d e vel opmen t a n d guid a n ce PRICE OF CO2 EMISSION ALLOWANCES (€/t) 120 100 80 60 40 20 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Price of CO2 emission allowances on the increase since 2018; slump in early 2022 due to war in
Slide 14: Steel Prices
02 Econ STEEL PRICES omic d e vel opmen t a n d guid a n ce SPOT PRICES NORTHERN EUROPE (€/t) HOT-ROLLED COIL PRICES INTERNATIONAL (€/t) 1,300 1,300 1,100 1,100 900 900 700 700 500 500 300 300 Jan' 23 Jul' 23 Jan' 24 Jul' 24 Jan' 25 Jul' 25 Jan' 23 Jul' 23 Jan' 24 Jul' 24 Jan' 25 Jul' 25 HRC EXW Ruh
Slide 15: Steel and Metals Action Plan
02 Econ STEEL AND METALS ACTION PLAN omic d e vel opmen t a n d guid a n ce TRADE DEFENSE CBAM KEY MARKETS / ENERGY / BUREAUCRACY / Effective safeguard successor / Details regarding an export solution / Proposal for resilience/sustainability instrument, proposal presented by in Q4/2025 criteria for
Slide 16: Key Data 9M 2025
02 BKEY DATA 9M 2025 usiness development and outlook 9M 2025 9M 2024 Δ Crude steel production kt 4,403 4,858 -454 External sales1 € million 6,865 7,727 -862 EBIT € million 224 321 -97 Earnings before taxes € million -73 -141 69 Earnings after taxes € million -46 -198 151 Earnings per share (basic) €
Slide 17: Steel Production Business Unit
02 Econ STEEL PRODUCTION BUSINESS UNIT omic d e vel opmen t a n d guid a n ce Capabilities EXTERNAL SALES BY CUSTOMER INDUSTRY 2024 1 / Integrated steel works with three blast furnaces 2% 7% / Top-modern mini mill with two electric Mechanical Others arc furnaces engineering / Approx. 5.7 mt/year cru
Slide 18: Steel Production Business Unit: Key Data Review
02 Econ STEEL PRODUCTION BUSINESS UNIT omic d e vel opmen t a n d guid a n ce KEY DATA REVIEW / Downtrend in earnings resulted first and foremost from reduced selling prices for strip products 9M 2025 9M 2024 Δ / Counter trend emanating from decline in raw materials External sales million € 2,465 2,
Slide 19: Steel Processing Business Unit
02 Econ STEEL PROCESSING BUSINESS UNIT omic d e vel opmen t a n d guid a n ce Capabilities EXTERNAL SALES BY CUSTOMER INDUSTRY 2024 1 / Own crude steel supply via 30% participation in Hüttenwerke Krupp Mannesmann GmbH 18% / Two rolling mills for plate with 1.1 mt annual capacity 23% Vehicle construc
Slide 20: Steel Processing Business Unit: Key Data Review
02 Econ STEEL PROCESSING BUSINESS UNIT omic d e vel opmen t a n d guid a n ce KEY DATA REVIEW / Heavy plate: Lower selling prices lead to decline in sales and earnings 9M 2025 9M 2024 Δ / Line pipes: Excluding EUROPIPE improved contributions External sales million € 915 1,269 -354 from companies in
Slide 21: Trading Business Unit
02 Econ TRADING BUSINESS UNIT omic d e vel opmen t a n d guid a n ce Capabilities EXTERNAL SALES BY CUSTOMER INDUSTRY 2024 1 / Own distribution network for steel products with 9% 5% warehousing sites in Europe Mechanical engineering Other / Processing group specialized in heavy 10% plate products Re
Slide 22: Trading Business Unit: Key Data Review
02 Econ TRADING BUSINESS UNIT omic d e vel opmen t a n d guid a n ce KEY DATA REVIEW / Considerable decline of shipments due to weak demand, 9M 2025 9M 2024 Δ along with location-related and portfolio streamlining measures External sales million € 2,062 2,350 -288 / International trading affected by
Slide 23: Technology Business Unit
02 Econ TECHNOLOGY BUSINESS UNIT omic d e vel opmen t a n d guid a n ce Capabilities EXTERNAL SALES BY CUSTOMER INDUSTRY 2024 1 / 15 production plants worldwide / > 90% of sales outside of Germany 4% 1% Vehicle Energy sector and construction utilities Core competences and products / KHS: Among the t
Slide 24: Technology Business Unit: Key Data Review
02 Econ TECHNOLOGY BUSINESS UNIT omic d e vel opmen t a n d guid a n ce KEY DATA REVIEW / Order intake significantly above previous year's level 9M 2025 9M 2024 Δ / KHS continues positive earnings trend, improvement over previous year External sales million € 1,287 1,305 -18 / EBITDA and EBT nearly
Slide 25: Industrial Participations
02 Econ INDUSTRIAL PARTICIPATIONS omic d e vel opmen t a n d guid a n ce Activities that are not directly allocated to KEY DATA FY 2024 a business unit Consolidated sales €m 186 Core competences and participations Earnings before taxes €m 144 Services: Core workforce (12/31) 2,573 / Research and dev
Slide 26: Management Guidance
02 Econ MANAGEMENT GUIDANCE omic d e vel opmen t a n d guid a n ce Given the persistently weak economic phase, margins are set to remain under pressure throughout 2025 as a whole. Although there were signs recently of prices trending up moderately, it is likely to be next year before the resulting p
Slide 27: Agenda
AGENDA 01 Salzgitter Group 02 Economic development and guidance 03 Strategy 04 Financials © 2025 Salzgitter AG / 27
Slide 28: Vision and Mission
03 SVISION trategy AND MISSION 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 produ
Slide 29: Holistic Approach for Economic Stability
03 SHOLISTIC trategy APPROACH FOR ECONOMIC STABILITY ORGANIC GROWTH INITIATIVES & PERFORMANCE MEASURES © 2025 Salzgitter AG / 29
Slide 30: Holistic Approach for Economic Stability
03 SHOLISTIC trategy APPROACH FOR ECONOMIC STABILITY STEEL PROCESSING TRADING TL approval for SECURE® 500, further Expansion of green steel in the Middle East approvals expected in the second half and scrap in Africa and Southeast Asia of the year Marketing of high-quality heavy plate, Impulses from
Slide 31: Holistic Approach for Economic Stability
03 SHOLISTIC trategy APPROACH FOR ECONOMIC STABILITY PORTFOLIO ECONOMIC MEASURES Sale of the Mannesmann Stainless Tubes Group Consistent implementation of restrictive investment approvals, Trading: sale of business staffing levels and budget adjustments to Hoberg & Driesch Focused cash management Pa
Slide 32: Ambition: Become Market Leader in Circular Economy
03 SAMBITION: trategy TO BECOME MARKET LEADER IN CIRCULAR ECONOMY 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 o
Slide 33: Salzgitter AG's Decarbonization Approach
03 SSALZGITTER trategy AG'S DECARBONIZATION APPROACH SCIENCE-BASED HOLISTIC IMPACT-ORIENTED TRANSPARENT Our goals are based on globally We consider both our direct impacts We focus on cost-efficient We regularly communicate our recognized scientific findings to and those in the upstream and measures
Slide 34: SALCOS: Transformation of the Salzgitter Steelworks
03 SSALCOS trategy ® : TRANSFORMATION OF THE SALZGITTER STEELWORKS Today SALCOS® Stage I Transformation completed Today H1 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 the first half of following step
Slide 35: SALCOS: Controlling Choke Points at an Early Stage
03 SSALCOS trategy ® : CONTROLLING CHOKE POINTS AT AN EARLY STAGE CHOKE POINTS SIMPLIFIED SALCOS® VALUE CHAIN (Critical choke points in the value chain of sustainable steel production) Raw materials Iron and steel production Rolling and downstream processing Sales 1. Access to sources for high- 01 0
Slide 36: Defense: Expansion of the Portfolio
03 SDEFENSE: trategy EXPANSION OF THE PORTFOLIO PARADIGM SHIFT IN DEFENSE CAPABILITIES / Geopolitical tensions set new standards for defense capabilities / Increasing demand for steel, protection steels and special grades F O C U S O N D E F E NSE C A PA B I L I T Y A ND S E C U RI T Y / The Salzgit
Slide 37: Secure Protection Steels
03 SDEFENSE: trategy SECURE PROTECTION STEELS SECURE protection steels / Excellent protection against bullet and blast hazards / Optimized combination of high tensile strength, very good toughness and hardening / Weight optimization thanks to very tight thickness tolerances / Good further processing
Slide 38: Germany – Special Fund for Infrastructure
03 SGERMANY trategy – SPECIAL FUND FOR INFRASTRUCTURE IMPLICATIONS FOR SALZGITTER GROUP / Estimate by the German Institute for Economic Research: / Germany's economic output due to special assets about 1 % higher from next year / Increase to over 2 % from 2027 / Public investment would reach its hig
Slide 39: Agenda
AGENDA 01 Salzgitter Group 02 Economic development and guidance 03 Strategy 04 Financials © 2025 Salzgitter AG / 39
Slide 40: Key Data per 2025/09/30
04 FKEY DATA PER 2025/09/30 inancials 9M 2025 9M 2024 Δ Q3 2025 Q2 2025 Q1 2025 Crude steel production kt 4,403 4,858 -454 1,477 1,374 1,553 External sales1 € million 6,865 7,727 -862 2,201 2,335 2,329 EBITDA € million 224 321 -97 107 38 79 Earnings before tax € million -73 -141 69 11 -56 -27 Earnin
Slide 41: Income Statement
04 FINCOME inancials STATEMENT Income Statement (€ million) 9M 2025 9M 2024 Δ Sales 6,865.2 7,727.3 -862.1 Increase/decrease in finished goods and work in process/other own work capitalized -129.0 86.8 -215.8 6,736.2 7,814.1 -1,078.0 Other operating income 420.6 312.8 107.8 Cost of materials 4,373.2
Slide 42: Consolidated Balance Sheet
04 FCONSOLIDATED inancials BALANCE SHEET Assets (€ million) 30.09.2025 31.12.2024 Δ Non-current assets 5,222.1 4,991.6 230.5 Intangible assets, property, plant and equipment 3,021.2 2,849.2 172.0 Investment property 63.5 65.5 -2.0 Financial assets 28.4 26.2 2.2 Investments accounted for using the eq
Slide 43: Consolidated Balance Sheet
04 FCONSOLIDATED inancials BALANCE SHEET Equity and liabilities (€ million) 30.09.2025 31.12.2024 Δ Equity 4,421.4 4,448.9 -27.5 Subscribed capital 161.6 161.6 0.0 Capital reserve 257.0 257.0 0.0 Retained earnings 4,331.4 4,304.7 26.7 Other reserves 33.3 75.8 -42.5 Unappropriated retained earnings 1
Slide 44: Cash Flow Statement
04 FCASH FLOW STATEMENT inancials (€ million) 9M 2025 9M 2024 Δ Cash and cash equivalents at the start of the period 1,002.2 939.7 62.5 Cash flow from operating activities 314.6 -94.5 409.2 Cash flow from investment activities -417.7 -490.2 72.5 Cash flow from financial activities 33.8 238.8 -205.0
Slide 45: Disclaimer
DISCLAIMER Salzgitter AG LEGAL NOTE COPYRIGHTS To the extent that our Internet pages contain statements oriented towards or related to This data file and the data contained on these pages (including, among others, texts, the future, such statements are based on our current state of knowledge and the
Slide 46: Salzgitter AG: People, Steel and Technology
SALZGITTERAG People, Steel and Technology