Salzgitter Ag · XETR:SZG
Salzgitter — Investor Presentation (June 2026)
47 slides from Salzgitter's investor presentation, June 2026
Slide 1: Presentation of the Group
SALZGITTER AG PRESENTATION OF THE GROUP
Slide 2: Agenda
AGENDA / Salzgitter Group / Market situation / Strategy / Management guidance / Financials / © 2026 Salzgitter AG / 2
Slide 3: Salzgitter Group
SALZGITTER GROUP / © 2026 Salzgitter AG / 3
Slide 4: Global Presence
GLOBAL PRESENCE Salzgitter Group / © 2026 Salzgitter AG / 4
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 Earnings before tax VX2 € million 2 -296 298 Earnings before tax € million -28 -296 2
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 ~875 top-up funding of € 250 million 401 583 528 2 105 295 229 4 2 478 498 317 329 299 316 2023 2024 2025 2026e Scheduled Unscheduled Investments1 SALCOS® (including subsidies) depreciation Depreciation 1 Property, plant, and equipment an
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 / Top-modern mini mill with two electric arc furnaces Earnings before taxes €m -65,6 / Approx. 5.7 mt/year crude steel capacity Core workforce
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 / 15 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 19: Market Situation
MARKET SITUATION / © 2026 Salzgitter AG / 19
Slide 20: Trade Policy and CBAM in 2026
TRADE POLICY AND CBAM IN 2026 Market Situation Coming into force of new First round of Political agreement Final measures expected in the expansion for the trade tool on the new anti-dumping proceeding new trade tool has Trade safeguard against imports of cold-rolled been completed instrument coil f
Slide 21: New Trade Tool – Trilogue Agreement
NEW TRADE TOOL – TRILOGUE AGREEMENT Market Situation AGREEMENT BETWEEN COMMISSION, PARLIAMENT AND COUNCIL: / Reduction of duty-free import quotas by around 50% in the flat steel segment / All countries covered, no more exceptions / 50% duty above quotas / Introduction of melt & pour rules / Extensio
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 Jan' 24 Jul' 24 Jan' 25 Jul' 25 Jan' 26 HRC EXW Ruhr Plate EXW Ruhr Medium sections Northern Euro
Slide 25: Strategy
STRATEGY / © 2026 Salzgitter AG / 25
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: Our Strategy Is Being Consistently Implemented
OUR STRATEGY IS BEING CONSISTENTLY IMPLEMENTED Strategy PERFORMANCE TRANSFORMATION CUSTOMER-FOCUSED SOLUTIONS / Earnings stabilized and costs / SALCOS® : / Defense: further reduced / Construction work well advanced / Deepening value creation / Restructuring in the Steel / Transition to the market ph
Slide 31: 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 the first half of following steps
Slide 32: SALCOS Level 1: #WeMakeItHappen
SALCOS ® LEVEL 1: #WEMAKEITHAPPEN Strategy PREPARATIONS FOR COMMISSIONING PROCEEDING AS PLANNED / Commissioning scheduled for 2027 / Direct reduction plant has reached its final height of 140 meters / Construction of the electric arc furnace and electrolysis facilities in full swing / Work on utilit
Slide 33: 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 34: Continuation of HKM
CONTINUATION OF HKM Strategy WE TAKE RESPONSIBILITY / Industrial logic / Integration of the value chain: from the liquid phase through feedstock to marketing / Securing feedstock for defense products / Synergy effects for decarbonization / Expansion of the product portfolio / Strengthening the Europ
Slide 35: Profit Improvement Program P28
PROFIT IMPROVEMENT PROGRAM P28 Strategy EFFECTS OF P28 FOR FY 2026 (€ million) 140 129 120 19 100 80 60 122 110 40 1 65 11 1 8 20 43 22 0 Total effect Total effect Steel Production Steel Processing Trade Technology Industrial Total effect (actual) Target effect 2024 2025 Participation 2026 2026 Sust
Slide 36: Profit Improvement Program P28
PROFIT IMPROVEMENT PROGRAM P28 Strategy TARGET ACHIEVEMENT BY YEAR (€ m) SEGMENT TARGET CONTRIBUTION BY 2028 (€ m) 122 ≈ 5% ≈ 5% Industrial Participations Trading 129 ≈ 10% 19 43 Technology 110 134 575 ≈ 20% ≈ 60% Steel Processing Steel Production 2022-2024 2025 Actual 03/2026 Target 2026 Sustainabl
Slide 37: Profit Improvement Program P28
PROFIT IMPROVEMENT PROGRAM P28 Strategy PURCHASING LOGISTICS & INVENTORY OPTIMIZATION Optimization of raw material composition Replacing trucks with rail or logistics concepts Raw material optimization at the Peine steelworks Prioritizing rail transport ∕ Reduction of input costs through substitutio
Slide 38: Management Guidance
MANAGEMENT GUIDANCE / © 2026 Salzgitter AG / 38
Slide 39: Management Guidance
MANAGEMENT GUIDANCE Salzgitter Group All in all, we continue to expect an only moderate improvement in the economic environment and anticipate the following for the Salzgitter Group in the financial year 2026: / sales of around € 9.5 billion, / EBITDA VX1 of between € 625 million and € 725 million,
Slide 40: Financials
FINANCIALS / © 2026 Salzgitter AG / 40
Slide 41: Key Data per 2026/03/31
KEY DATA PER 2026/03/31 Financials Q1 2026 Q1 2025 Δ Crude steel production kt 1,569 1,553 16 External sales1 € million 2,345 2,329 16 EBITDA VX2 € million 280 79 201 EBITDA € million 196 79 117 EBT VX2 € million 179 -27 206 Earnings before tax € million 95 -27 123 Earnings after tax € million 82 -3
Slide 42: Income Statement
INCOME STATEMENT Financials Income Statement (€ million) Q1 2026 Q1 2025 Δ Sales 2,345.1 2,329.5 15.6 Increase/decrease in finished goods and work in process/other own work capitalized -35.2 -65.5 30.3 2,310.0 2,264.0 46.0 Other operating income 116.7 142.3 -25.6 Cost of materials 1,459.1 1,489.1 -3
Slide 43: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Financials Assets (€ million) 03/31/2026 12/31/2025 Δ Non-current assets 5,101.9 5,169.8 -67.9 Intangible assets, property, plant and equipment 2,828.2 3,015.4 -187.2 Investment property 63.0 63.3 -0.3 Financial assets 16.7 16.5 0.2 Investments accounted for using the equi
Slide 44: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Financials Equity and liabilities (€ million) 03/31/2026 12/31/2025 Δ Equity 4,567.0 4,432.8 134.2 Subscribed capital 161.6 161.6 0.0 Capital reserve 257.0 257.0 0.0 Retained earnings 4,467.6 4,343.9 123.7 Other reserves 29.6 20.7 8.9 Unappropriated retained earnings 12.1
Slide 45: Cash Flow Statement
CASH FLOW STATEMENT Financials (€ million) Q1 2026 Q1 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 77.0 -44.8 121.8 Cash flow from investment activities 198.7 2.6 196.1 Cash flow from financial activities 56.4 -59.5 116.0 Change
Slide 46: 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 47: Salzgitter AG
- SALZGITTERAG People, Steel and Technolo