#1Q4 and FY 2022/23 Facts & Figures Ticker: TKA (Share) TKAMY (ADR) January 2024 | Essen engineering.tomorrow. together. thyssenkrupp#2Content thyssenkrupp tk Introduction Quarterly Update Group Overview and Financials Page 2-8 9-24 25-33 Segment Overview and Financials 34-69 ESG and Green Transformation → Appendix 70-81 82-101#3We are committed to realize value for our shareholders What we build on ... • . 1 LEADING TECHNOLOGIES, PRODUCTS AND SERVICES Premium steel, diverse industrial materials, innovative supply chain services Mission critical compo- nents for advanced mobility, wind energy H₂ electrolysis; efficient process technologies (e.g. ammonia) 1. Based on sales FY 22/23 12. As of 30.09.2023 • 2 13 STRONG TIES WITH LONG- STANDING CUSTOMER BASE Strong customer trust on the back of our more than 200 years expertise in engineering and technology Well-known and diverse customers in NA, EU and CHN which stand for >85% of our sales¹ STRATEGIC REALIGNMENT WITH LARGEST RESTRUCTURING EVER • Building a powerful company with clear focus on industrial prospects, competitive profitability and cash flow • Restructuring target to reduce 13,000 FTEs in execution and >85% already achieved 4 STRONG BALANCE SHEET WITH NET CASH POSITION2 Equity ratio of 38%; Net cash of €4.3 bn; total liquidity of €8.9 bn . . 5 IN-HOUSE COMPETENCIES FOR GREEN TRANSFORMATION Clear SBTi-approved concept to reach climate neutrality by 2050 Enabling our customers' decarbonization with our products and technologies 3 thyssenkrupp AG | Investor Relations | December 2023#4Transforming to sustained value creation and crystallization Investment highlights Performance-oriented transformation with execution track record Full commitment to both performance on benchmark level for each segment and sustainable free cash flow Strong materials and engineering expertise as well as digital competence as base for profitable growth Enabler and profiteer from energy transition MS SE ESG as CEO priority and integrated at all businesses € Dividend payment a clear target Note: From FY 23/24 onwards there is a new group structure in place 4 I thyssenkrupp AG | Investor Relations | December 2023 AT thyssenkrupp MX DT#5thyssenkrupp group structure until 30 Sep, 2023 FY 22/23: Sales of €37.5 bn, EBIT adj. of €703 mn Materials Services Industrial Components Automotive Technology Steel Europe Marine Systems Multi Tracks² MX IC (BG, FT)¹ AT SE MS MT Sales3 €13.6 bn €2.7 bn €5.5 bn €12.4 bn €1.8 bn €3.2 bn EBIT adj.³ €178 mn €203 mn €223 mn €320 mn €80 mn €(132) mn Old setup MX Leading mill-independent materials processor and service provider across Europe and North America with ~250,000 customers IC BG: market leader for large slewing bearings, supplying pivotal components for wind energy and diverse industrial applications FT: largest steel forging company in the world, supplying leading OEMs in automotive, construction and mining AT One of the leading suppliers (e.g. high-tech components and systems) and engineering partners to the international auto industry SE Largest integrated European steel mill strategically located in the center of Europe with a future leading role in decarbonization of the steel industry MS Industry leading Maritime Portfolio Businesses from various industries with different development options (also exits and partnership) MT "Valuable shareholdings" incl. i.a. stake in TKE (elevator business), thyssenkrupp nucera (hydrogen electrolysis) 1. BG: Bearings, FT: Forged Technologies | 2. Including: thyssenkrupp nucera, Springs & Stabilizers, Automation Engineering, Uhde, Polysius, Mining (sale in Aug 22), AST (sale in Jan 22), Infrastructure (sale in Nov 21) | 3. FY 22/23 thyssenkrupp AG | Investor Relations | December 2023 5#6New Group structure to reduce complexity Effective from FY 23/24 AUTOMOTIVE TECHNOLOGY DECARBON TECHNOLOGIES MATERIALS SERVICES STEEL EUROPE MARINE SYSTEMS AT DT MX Bluemint Steel SE MS Decarbonization technologies bundled in a new segment to efficiently capitalize on emerging "green" business opportunities All Automotive components businesses¹ combined in one segment Multi Tracks² and Industrial Components dissolved 1. M&A process for Spring & Stabilizers and Automation Engineering ongoing | 2. TK Elevator stake will be allocated from Multi Tracks to tkAG (Corporate) 6 I thyssenkrupp AG | Investor Relations | December 2023#7New thyssenkrupp Group structure FY 22/23: Sales of € 37.5 bn, EBIT adj. of € 703 mn Pro forma AT AUTOMOTIVE TECHNOLOGY SALES¹ €7.9 bn EBIT ADJ.1 €266 mn DT Sleming Sted MX SE MATERIALS STEEL EUROPE €12.4 bn DECARBON Pro forma TECHNOLOGIES Pro forma SERVICES One of the leading suppliers (e.g. high-tech components and systems) and engineering partners to the international auto industry €3.4 bn €28 mn Leading businesses with key technologies to enable Green Transformation at our customers across industries €13.6 bn €178 mn One of the world's leading mill-independent materials distributors and service providers with ~250,000 customers €320 mn Largest integrated European steel mill strategically located in the center of Europe with a future leading role in decar- bonization of the steel industry FY 22/23 12. Pro forma figures, AT with new structure incl. Forged Technologies, Springs & Stabilizers and Automation Engineering; M&A process for Spring & Stabilizers and Automation Engineering ongoing MS MARINE SYSTEMS €1.8 bn €73 mn Industry leading Maritime Portfolio 7 thyssenkrupp AG | Investor Relations | December 2023#8Each segment with clear commitment to mid-term targets for FYE 24/25 AT (excl. SP/AE¹) DT MX SE MS HQ Top line Sales Sales >€7.5 bn >€5.0 bn Shipments² >6 mt Shipments ~11 mt Sales growth ~7%5 Bottom line EBIT adj.% 7-8% >5.0% 2-3% 6-7% 6-7% Adjustment of costs, aligned with portfolio development CCR ≥0.5 >0.6 ~0.83 >0.44 ~1.0 ROCE >9% Adj. EBITDA/t³ ~€100 Note: Starting point FY 20/21; depending on actual market challenges (e.g. Covid-19 development, supply chain issues and factor cost increases) and cyclicality in businesses; ROCE EBIT/Ø Capital Employed; CCR = BCF / EBIT 1. M&A process for Spring & Stabilizers and Automation Engineering ongoing | 2. Only Materials Stockholding and Processing; excl. mainly direct-to-customer business | 3. Multi-year average 4.. Excl. Green transformation | 5. CAGR 8 | thyssenkrupp AG | Investor Relations | December 2023 thyssenkrupp Group EBIT adj.% Increase to a range of 4-6% FCF bef. M&A Sig. +ve by progress in performance and transformation Dividend Reliable dividend payment#9Content thyssenkrupp tk Introduction Quarterly Update Group Overview and Financials Page 2-8 9-24 25-33 Segment Overview and Financials 34-69 ESG and Green Transformation Appendix 70-81 82-101#10Milestone year 22/23: FCF bef. M&A back in positive territory... FCF bef. M&A in [€ bn] 10 thyssenkrupp AG I Investor Relations | December 2023 (5.5) (1.3) (0.5) 19/20 20/21 21/22 0.4 22/23 ...and we are here to stay#11Highlights FY 22/23 Portfolio (*) • Successful IPO of thyssenkrupp nucera¹ Simplifying the group structure and forming Decarbon Technologies Relentlessly striving for stand-alone solutions for SE and MS Performance • FY 22/23 targets of high 3-digit €mn EBIT adj. and positive FCF bef. M&A fully met • Delivery on dividend continuity: proposal of €0.15/share Roll-out of new performance program "APEX" also in response to challenging macro conditions Green Transformation ⚫ Steel Europe: Approval for funding of "tkH2Steel" decarbonization project of around €2 bn . • ⚫ Decarbon Technologies: Enhancing business opportunities by comprising our green enabler technologies - Order funnel in our hydrogen and renewables related businesses expanding 1. Publicly listed company with thyssenkrupp AG as majority shareholder 11 thyssenkrupp AG | Investor Relations | December 2023#12Performance program APEX successfully started Response to challenging macro environment and support for our mid-term targets Initiatives by segments II. Initiative I. Initiative III. Initiative IV. Initiative Identification, definition & execution of performance improvements Top-down target setting by tkAG... Chapters by segments Clear cash and Assets/CAPEX ONWC Business models and sales Organization P&L link Cost of materials APEX responses to a challenging macro environment Performance culture and change Establishing an entrepreneurial, performance-driven culture ...with clear commitment and consequent execution by each segment boosts sustainable performance improvements supports mid-term targets APEX target with positive EBIT adj. effects of up to €2 bn 12 thyssenkrupp AG I Investor Relations | December 2023#13Selective examples APEX First measures identified and started Net Working Capital COLD Brater 100 m Business Models Cost of Materials ep engineering tomorrow together Use of artificial intelligence (pacemaker) to forecast demand Sustainable end-to-end solution to decarbonize the cement industry Software-based OM JOU identification of alternative suppliers 13 thyssenkrupp AG | Investor Relations | December 2023#14Mid-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... Schematic ... and a clear commitment by each segment 1.9% EBIT adj. 22/23 Act Up to €2.0 bn Limited visibility EBIT adj. 4-6% MX APEX Market, cost inflation, others EBIT adj. FYE 24/25 14 thyssenkrupp AG I Investor Relations | December 2023 DT MS APEX AT > APEX goals SE A group-wide and holistic program to boost performance and support transformation Mid-term targets FYE 24/25: EBIT adj. margin of 4-6 % Sig. positive FCF bef. M&A • Reliable dividend payments#15Milestone year 22/23: FCF bef. M&A back in positive territory Performance highlight Q4: FCF bef. M&A delivered as promised Sales Q4 €8.8 bn (17) % YoY FY €37.5 bn (9)% YoY EBITDA adj. EBIT adj. FCF bef. M&A Margin Margin €318 mn 3.6% €88 mn 1.0% (19)% YoY (45) % YoY €597 mn € (968) mn YoY €1,603 mn 4.3% €703 mn 1.9% €363 mn (46)% YoY (66)% YoY +€839 mn YoY FCF bef. M&A sequentially improved over the course of the FY - fulfilling our target of being slightly positive 15 thyssenkrupp AG | Investor Relations | December 2023 Earnings development of all businesses as expected - materials businesses with ongoing normalization of price levels#16Our Group transformation journey is backed by a strong balance sheet Balance sheet highlights Net cash €4.3 bn +€0.7 bn YoY Incl. ~€0.6 bn proceeds from tk nucera IPO Providing resilience while navigating through macro uncertainties 1. Publicly listed company with thyssenkrupp AG as majority shareholder 16 thyssenkrupp AG | Investor Relations | December 2023 Equity ratio 38.1% (1.2)%-pts. YoY Cont. muted market demand triggered impairments, mainly SE of ~€2.1 bn Pensions €5.5 bn €(0.3) bn YoY Enabling us to capture strategic opportunities Valuable stakes, e.g. A thyssenkrupp nucera¹ [Ticker: NCH2] €) TK Elevator Containing sig. elements of value#17Q4 financials with typical seasonal impact in an ongoing challenging market environment FCF bef. M&A less volatile Sales € bn (17)% 10.6 9.6 8.8 (19)% EBITDA adj. 88888 464 € mn; % 318 391 3.6% 4.8% 3.7% EBIT adj. (45)% € mn; % 243 161 1.5% 2.5% 88 1.0% FCF bef. M&A (968) 1,565 € mn 347 597 1. Since 01.10.2019 Q4 21/22 Q3 22/23 Q4 22/23 17 thyssenkrupp AG | Investor Relations | December 2023 Persistent price normalization at Materials businesses Partially weaker demand with muted market dynamics • Normalization of spot market prices affected particularly SE • Restructuring program progressing and almost finalized (>85%¹) FCF bef. M&A in positive territory in Q3 and Q4 - Progress in more balanced NWC levels Q4 with some earlier than expected customer payments and a solid payment profile at MS#18Challenging market conditions and muted demand weighing on Group performance Q4 EBIT adj. [€ mn] - YoY comments 23 47 55 54 30 50 (58) MX Weak demand especially in Europe; +ve one-timer and absence of inventory write-down from PY IC Higher cost base overall only partially offset by efficiency measures and pass-throughs; BG with continued competition (wind China); weaker demand at FT AT 88 Higher factor costs (e.g. personnel) largely offset by price and efficiency measures as well as partial cost improvements (63) SE Margin 1.0% Cost improvements (mainly energy), offset by normalization of spot market price development MS Focus on performance improvement; performance initiatives secure margins in new orders and stabilize profitability of order backlog Improvements in plant engineering businesses (UHD, POL) and tk nucera partly offset by declines in auto related businesses (SP, AE) MX IC ΔΥΟΥ 127 (16) 64 AT SE MS MT HQ/ Group MT Others (6) (167) 10 18 (39) (73) AQOQ (27) (9) 20 20 (137) 14 5 (20) (155) 18 thyssenkrupp AG | Investor Relations | December 2023#19Performance improvements throughout the group overshadowed by price normalization at MX and SE FY 22/23 EBIT adj. [€ mn] 178 203 223 320 80 (132) IC 703 (169) MX Lower margins due to absence of record prices from prior year; total shipments up AT Higher cost base overall only partially offset by efficiency measures and pass-throughs; BG with continued competition (wind China) and omission one-timer; FT with weaker demand (cars), downtime and maintenance Volume increase as well as price and efficiency measures vs. higher factor costs (e.g. personnel, material, energy) Normalization of spot market price development and higher costs (mainly energy) MS Focus on performance improvement; performance initiatives secure margins in new orders and stabilize profitability of order backlog MT Absence of positive earnings contributions from sold businesses and decline at AE overcompensated by sig. improvements in other businesses Margin 1.9% SE MX IC AT SE MS MT HQ/ Others ΔΥΟΥ (659) (31) 114 (880) 49 41 7 Group (1,359) 19 thyssenkrupp AG | Investor Relations | December 2023#20Market outlook 2024 for main regions and customer groups Sources: market research institutes (in % versus prior year)¹ Europe North America China Global Global (CAGR 2023 to mid-term) Steel sheet products net consumption 71 7 Enabler for green transformation Hydrogen est. demand Light Vehicle Production Medium & Heavy Vehicle Production Newly grid-connected Wind Capacity Most relevant segments MX, SE AT, MX, SE AT, MX, SE Legend: >5% 1-5% (1) - <1% <(1) - (5)% <(5)% Growth rates: Offshore Onshore DT, MX, SE 1. Unless otherwise stated | 2. Energy content of 1kg of hydrogen equal to 141.9 MJ (HHV) = 39.4 KWh Sources: S&P Global Mobility Light Vehicle production forecast <6t (11/2023) and Medium and Heavy vehicle production forecast >6t (11/2023), CRU (10/2023), Wood Mackenzie Global Wind Power Market Outlook Update Q2 2023; regional split according to market research institutes, Hydrogen Council in collaboration with McKinsey & Company, Global Hydrogen Flows, October 2022. 20 thyssenkrupp AG | Investor Relations | December 2023 را Global exponential growth until 2050; demand to increase 7-fold (TWh2 p.a.)#21Outlook FY 23/24 FY 22/23 Outlook FY 23/24 Slightly up Market conditions Sales €37.5 bn Mainly driven by AT, DT and MS GDP forecast 20242: World +2.3% EU +0.8% GER +0.5% ⑦High 3-digit € mn range USA +1.6% CHN +4.6% 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 Uncertainties in key variables to monitor • Geopolitical tensions Cost inflation Volatile energy and material costs Interest environment Consumer confidence EBITDA adj. €1.6 bn 7 D/A of ~€0.9 bn to be considered¹ FCF bef. M&A €0.4 bn Low 3-digit € mn range Mainly lower capex vs. sig. less NWC release 1. Referring to EBIT adj. excluding special items | 2. S&P Global Market Intelligence, Global Economy (October 2023) 21 thyssenkrupp AG | Investor Relations | December 2023 Visibility on auto production#22Outlook for FY 23/24 by segment [€ mn] EBIT adj. 22/231 23/24E AT 266 Outlook FY 23/24 • ⚫ Sales: Slightly above prior year • ⚫ EBIT adj.: Increase; figure in the low-mid 3-digit €mn range • Sales: Significantly above prior year DT 28 ⚫ EBIT adj.: Largely stable EBIT adj. Q4 22/231 Q1E 23/24 68 (24) • Sales: Prior year level MX 178 (7) 23 • ⚫ EBIT adj.: Increase; figure in the low 3-digit €mn range • Sales: Slightly below prior year SE 320 54 EBIT adj.: Increase; figure in the mid 3-digit € mn range • Sales: Significantly above prior year MS 73 (71) 27 • EBIT adj.: Increase; figure in the high 2-digit €mn range (47) . ⚫ EBIT adj.: Decrease; negative figure in the low 3-digit €mn range (13) Group HQ/ (169) Cons./Others 7 EBIT adj. 703 (1) EBIT adj.: Increase; figure in the high 3-digit €mn range FCF bef. M&A: Decrease; figure in the low 3-digit €mn range 88 Lower YoY mainly 597 due to payment profile MS FCF bef. M&A 363 1. Pro Forma 22 thyssenkrupp AG | Investor Relations | December 2023#23Outlook FY 23/24: Bridge from EBIT adj. to an again positive FCF bef. M&A 1. Referring to EBIT adj. excluding special items 23 thyssenkrupp AG | Investor Relations | December 2023 Supported by APEX High 3-digit € mn range EBIT adj. 23/24E Sig. lower YoY; incl. IFRS 16 effects ~€0.9 bn ~50% contribution from SE expected (mid 3-digit € mn range) D/A¹ Supported by APEX Incl. taxes, interests and pensions Low 3-digit € mn Invest NWC Restruc. Others FCF bef. M&A 23/24E#24Wrap up FY 22/23 financials fully in line with guidance - FCF bef. M&A back in positive territory Delivery on dividend continuity: proposal of €0.15/share FY 23/24 outlook with ambitious targets, despite challenging macro conditions tkH₂Steel" decarbonization on track - German government's approval for funding of around €2 bn Group transformation backed by a strong balance sheet carrying a sizeable net cash position and valuable assets Clear commitment to drive performance and leverage our position as enabler of the green transformation 24 thyssenkrupp AG | Investor Relations | December 2023#25Content thyssenkrupp tk Introduction Quarterly Update Group Overview and Financials Page 2-8 9-24 25-33 Segment Overview and Financials 34-69 ESG and Green Transformation → Appendix 70-81 82-101#26Increase in net cash driven by successful thyssenkrupp nucera IPO Net cash development in €mn Q4 2022/23 3,238 597 Incl. €(120) mn non-cash IFRS 16 effects (CFI) 4,325 (39) 578 (49) Net cash Jun 30, 2023 FCF before M&A M&A IPO proceeds thyssenkrupp nucera Other Net cash Sep 30, 2023 FY 2022/23 3,667 363 4,325 578 (93) (190) Incl. €(211) mn non-cash IFRS 16 effects (CFI) Thereof: • Dividend payment • thyssenkrupp AG (93) Profit attributable to non- controlling interest of (51) FCF before M&A M&A IPO proceeds Other Net cash thyssenkrupp nucera Sep 30, 2023 Net cash Sep 30, 2022 26 thyssenkrupp AG | Investor Relations | December 2023#27Capital spending¹ is expected to be significantly lower YoY [€ mn], new group structure pro-forma 1,823 incl. IFRS 16 Sig. below prior year 50-55% of total 45-50% of total 15-20% 5-10% 5-10% 20-25% AT 365 5-10% 25-30% DT 117 60-65% MX 282 35-40% 5-10% Growth 5-10% Maintenance and other SE 924 1. Incl. IFRS 16 Group (incl. Corporate) 27 thyssenkrupp AG | Investor Relations | December 2023 MS 129 FY 22/23 FYE 23/24 . • YoY decline mainly due to Steel Europe (shifts in the receipt of funding payments and other anticipated funding payments in connection with the construction of the direct reduction plant) In addition, investments for targeted growth initiatives in our other businesses Investments will be approved on a restrictive basis, depending on the performance of the businesses and the group#28Strong progress on clear restructuring plan Target within defined programs of ~13,000 FTE FTES [#] ~13,000 ~4,000 ~4,000 Backed by clear initiatives Since FY 19/20 >11,000 FTEs reduced, already >85% of our target achieved¹ Already >2,000 reduced >1,000 In total >11,000 FTEs reduced <2,000 нн Target 19/20 20/21 21/22 22/23 Way-to-go Restructuring expenses/ cash-out Reversals, mainly ~600 at SE and MT ~300~250 ~200 [€ mn] 19/20 20/21 ~ (50) 21/22 ~150 ~100 нн ~(20) 22/23 (Cumulative) sustainable savings [€ mn] Mid 3-digit €mn Mid-high 3-digit €mn Low-mid 3-digit €mn High 2-digit €mn нн 19/20 cum. 20/21 cum. 21/22 cum. 22/23 1. Since 01.10.2019 | 2. Cumulative target 28 thyssenkrupp AG | Investor Relations | December 2023 • Almost all provisions made (in total ~€900 mn) • Cash-out of>85% already done Way to go High 3-digit €mn Rest cash-out of low 3-digit €mn expected in the future Way to go² • Sizable savings already realized until FY 22/23 Total sustainable cost benefit from restructuring in high 3-digit €mn range expected#29Key financials [€ mn] Full Group 2021/22 2022/23 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake 10,398 13,562 9,946 10,391 44,297 9,177 10,188 9,390 8,305 37,060 Sales 9,023 10,599 10,950 10,568 41,140 9,018 10,107 9,598 8,812 37,536 EBITDA 554 1,026 953 715 3,248 485 466 445 283 1,679 EBITDA adjusted 602 1,028 951 391 2,972 391 430 464 318 1,603 EBIT 298 792 305 432 1,827 246 (110) 212 (1,779) (1,431) EBIT adjusted 378 802 721 161 2,062 168 205 243 88 703 EBT 203 718 180 294 1,396 167 (135) 174 (1,788) (1,583) Net income/(loss) 122 587 92 419 1,220 98 (203) 107 (1,989) (1,986) attrib. to tk AG stockh. 106 565 76 389 1,136 75 (223) 83 (2,008) (2,072) Earnings per share¹ (€) 0.17 0.91 0.12 0.63 1.82 0.12 (0.36) 0.13 (3.23) (3.33) Operating cash flow (599) (483) (184) 1,884 617 (137) 206 599 1,396 2,064 Capital spending (incl. IFRS 16 - lease activation) (275) (340) (273) (585) (1,472) (252) (461) (293) (818) (1,823) Cash flow from divestm. 25 553 16 434 1,027 14 8 32 (30) 25 Cash flow from investm. (253) (303) (247) (502) (1,304) (227) (415) (267) (698) (1,607) Free cash flow (827) (233) (415) 1,816 340 (350) (201) 364 668 482 FCF before M&A (858) (772) (412) 1,565 (476) (365) (216) 347 597 363 TK Value Added 529 (2,818) Capital Employed 14,333 14,897 16,102 16,224 16,224 15,879 15,868 15,787 15,415 15,415 Cash and cash equivalents (incl. short-term securities) 6,774 6,508 5,935 7,648 7,648 7,170 5,845 6,173 7,351 7,351 Net financial debt (cash) (2,701) (2,446) (1,969) (3,667) (3,667) (3,258) (2,895) (3,238) (4,325) (4,325) Equity 11,425 12,754 14,085 14,742 14,742 14,476 13,997 13,957 12,693 12,693 Employees 100,386 97,542 97,152 96,494 96,494 97,323 98,224 98,624 99,981 99,981 1. Attributable to tk AG's stockholders 29 thyssenkrupp AG I Investor Relations | December 2023#30Key financials [€ mn] Continuing operations 2021/22 2022/23 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake 10,398 13,562 9,946 10,391 44,297 9,177 10,188 9,390 8,305 37,060 Sales 9,023 10,599 10,950 10,568 41,140 9,018 10,107 9,598 8,812 37,536 EBITDA 554 1,018 953 715 3,240 485 466 445 283 1,679 EBITDA adjusted 602 1,028 951 391 2,972 391 430 464 318 1,603 EBIT 298 783 305 432 1,819 246 (110) 212 (1,779) (1,431) EBIT adjusted 378 802 721 161 2,062 168 205 243 88 703 EBT 203 710 180 294 1,387 167 (135) 174 (1,788) (1,583) Net income/(loss) 122 579 92 419 1,212 98 (203) 107 (1,989) (1,986) attrib. to tk AG stockh. 106 556 76 389 1,127 75 (223) 83 (2,008) (2,072) Earnings per share¹ (€) 0.17 0.89 0.12 0.63 1.81 0.12 (0.36) 0.13 (3.23) (3.33) Operating cash flow (599) (483) (184) 1,884 618 (137) 206 599 1,396 2,064 Capital spending (incl. IFRS 16 - lease activation) (275) (340) (273) (585) (1,472) (252) (461) (293) (818) (1,823) Cash flow from divestm. 25 553 16 434 1,027 14 8 32 (30) 25 Cash flow from investm. (253) (303) (247) (502) (1,304) (227) (415) (267) (698) (1,607) Free cash flow (827) (233) (415) 1,816 341 (350) (201) 364 668 482 FCF before M&A (858) (772) (412) 1,565 (476) (365) (216) 347 597 363 Employees 100,386 97,542 97,152 96,494 96,494 97,323 98,224 98,624 99,981 99,981 1. Attributable to tk AG's stockholders 30 thyssenkrupp AG | Investor Relations | December 2023#31Business cash flow (BCF) and Free cash flow before M&A [€ mn] 2021/22 Q4 2022/23 A Q4 Q3 Q4 yoy BCF Materials Services (MX) 827 260 68 (92%) BCF Industrial Components (IC) 64 82 25 (61%) BCF Automotive Technology (AT) 59 93 115 96% BCF Steel Europe (SE) 788 313 205 (74%) BCF Marine Systems (MS) 224 (143) 244 9% BCF Multi Tracks (MT) (77) (108) 147 ++ BCF Corporate Headquarters (HQ) (51) (29) (36) BCF Reconciliation (137) (71) (155) BCF Group continuing operations 1,696 397 612 28% (13%) (64%) Interest payments 8 0 72 ++ Tax payments (138) (50) (87) FCF b. M&A Group continuing operations 1,565 347 597 37% (62%) 31 thyssenkrupp AG | Investor Relations | December 2023 Q4 YoY MX: Sig. lower NWC release and higher investments; Prior year also including +ve one off from real estate sale IC: Stable BCF at BG; BCF decrease at FT mainly driven by seasonally lower earnings as well as higher investments AT: NWC improvements and lower investments overcompensate decline in earnings SE: Sig. lower earnings, lower NWC release (price- and volume driven) as well as higher capex (mainly green transformation) MS: Slight increase in cash balance of order portfolio based on milestone payments MT: Strong improvement driven by cash profiles of plant engineering; timing effects leading to negative cash profile at nucera as main counter effect#32Special items [€ mn] 2021/22 2022/23 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Comments on Q4 Disposal effect (1) (1) 137 135 3 7 29 (5) 33 Impairment 6 1 6 1 (3) (2) Restructuring (3) 1 (6) (8) (1) (2) (4) Disposal effect 1 2 4 8 Impairment (1) LO 5 5 Restructuring 9 9 Disposal effect Impairment (7) (22) (27) (55) (14) (2) (57) (73) Restructuring (1) (3) (4) Disposal effect 1 6 7 14 8 (2) 5 Impairment (13) (390) (403) (346) (1,765) (2,111) • Partial reversal of extraordinary depreciation of PPE recognized in previous years at BG Mainly impairments on non-current assets at Steering • Effects from measurement of CO2 forward contracts Restructuring (1) 17 4 76 1 (1) (2) 36 34 • Impairments on non-current assets CO₂ certificates¹ 87 33 (24) (38) 57 Disposal effect M MT MS Impairment (7) (6) 1 1 Restructuring (1) (1) 1 (1) (3) (3) Disposal effect (9) (12) (2) 110 87 (3) (1) (12) 7 (10) Impairment (39) (3) (3) (6) (51) (1) (10) (4) (15) Restructuring (1) (2) (5) 1 (6) 2 (2) 2 (6) (4) Disposal effect (10) (10) (9) (8) (38) (1) 3 (8) (7) (13) . Impairment Income from final purchase price calculation for mining Impairments on non-current assets at Springs & Stabilizers Expenses in connection with M&A transactions Restructuring Consolidation/Others (1) tk cont. ops. (79) (19) (4) (3) (8) (1) (5) (1) (22) (416) 271 (244) 78 (315) (31) (1,867) (30) (2,134) 1. Gains/losses from the measurement of CO2 forward contracts are treated as a special item from Q2 22/23 on; Q1 has been restated respectively 32 thyssenkrupp AG | Investor Relations | December 2023#33Special items - new structure pro forma [€ mn] Q1 Q2 2021/22 Q3 2022/23 Q4 FY Q1 Q2 Q3 Q4 FY Disposal effect 2 2 4 1 8 Impairment (13) (9) (25) (30) (77) (14) (1) (2) (59) (76) Restructuring 3 14 17 (1) (1) (2) (4) Disposal effect (2) (4) (3) (2) (11) (3) (1) (12) 7 (9) Impairment (3) (3) (10) 3 (6) Restructuring (4) (4) Disposal effect (1) (1) 137 135 23 (2) 3 (6) (4) Comments on Q4 • Mainly impairments on non-current assets at Steering and Springs & Stabilizers • Partial reversal of extraordinary depreciation of PPE at BG • Income from final purchase price calculation for mining 7 29 (5) 33 Impairment 6 6 1 (3) (2) Restructuring (3) 1 (6) (8) (1) (2) (4) Disposal effect 1 6 7 14 8 (2) 5 Impairment (13) (390) (403) (346) (1,765) (2,111) • Effects from measurement of CO2 forward contracts Restructuring (1) 17 (4) 55 67 1 (1) (2) 36 34 • Impairments on non-current assets CO₂ certificates¹ 87 33 (24) (38) 57 Disposal effect Impairment (7) (6) 1 1 Restructuring (1) (1) 1 (1) (3) (3) Corp. HQ Disposal effect (10) (10) (9) (8) (38) (1) 3 (8) (7) (13) • Expenses in connection with Impairment M&A transactions Restructuring Consolidation/Others (1) 9 (4) (3) 1 (1) (5) (1) (22) tk cont. ops. (46) (1) (416) 160 (303) 78 (315) (31) (1,867) (30) (2,134) 1. Gains/losses from the measurement of CO2 forward contracts are treated as a special item from Q2 22/23 on; Q1 has been restated respectively thyssenkrupp AG | Investor Relations | December 2023 33#34Content thyssenkrupp tk Introduction Quarterly Update Group Overview and Financials Page 2-8 9-24 25-33 Segment Overview and Financials 34-69 ESG and Green Transformation → Appendix 70-81 82-101#35MX 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 #1 Germany #1 Europe #3 North America Suppliers Sourcing carbon steel, aluminum, stainless steel, plastics, and raw materials from ~4,000 suppliers worldwide Annual purchase volume of ~€10 bn² Пи Пи Пи 1. Mill-independent materials distributors | 2. At normalized price level 35 thyssenkrupp AG | Investor Relations | December 2023 mill-independent thyssenkrupp Materials Services Service Distribution center Digital business models Raw materials and trading Supply chain services omni-channel Geographic presence 30+ countries ~380 branches ~16,000 employees Customers Serving 250,000 customers worldwide Average order item size of €1,000² ~150,000 multi-material products#36MX Diversified portfolio of materials, end markets and attractive geographic regions Flexible multi-material portfolio Pipes and tubes Serving diversified end markets¹ (exemplary customers) Stainless steel 5% 13% Other industries Electrical products & equipment 5% 13% ABB Airbus BMW Boeing Bombardier 6% Aerospace 6% Bosch DEMAG Eaton Faurecia FIAT Ford Metal goods & components 9% Non-ferrous metals Carbon steel 40% €13.6 bn 22% Distributors 11% John Deere Liebherr STRABAG Magna Mercedes Benz Machine shops' 5% 4% 11% Plastics Others Raw materials Machinery Construction Automotive 11% 12% Meyer Werft Navistar Peugeot Renault Samsung 28% Schaeffler Group Schneider Siemens Tenneco Tesla VW Sales diversified across business models With global footprint focused on Europe and North America¹ Raw materials and trading 17% €13.6 bn 47% Distribution Supply chain services 36% & Service center Note: Based on Sales FY 22/23 | 1. Excluding Materials Trading and Mill Services | 2. Excluding Germany 36 thyssenkrupp AG | Investor Relations | December 2023 Europe² 34% North America 34% Germany 30% Asia/Pacific 1% Middle East/Africa <1% South America <1%#37MX Solid earnings despite challenging market environment especially in Europe Shipments¹ [kt] (4)% • 1,162 1,142 1,116 Sales [€ mn] (20)% 3,916 3,346 3,124 • Comments YoY Warehousing shipments down due to lower demand in distribution business mainly in Europe; total shipment above prior year level Investment highlights 1 | Market leader profiting from customer trends 2 Growth in North America 3 Improved cost basis in Europe Lower price levels vs. prior year in virtually all product 4] groups and lower shipments especially in the distribution business in Europe 5 New customer solutions in digital supply chain management and sustainability Rock solid cash flow EBIT adj. [€ mn; %] Mid-term targets EBITDA (69) 83 55 adj. • (2.7)% 1.5% 0.7% Margin clearly positive in an even challenging market environment • Shipments >6 mt • EBIT adj. margin of 2-3% 127 • 50 Absence of inventory write-down from prior year and positive one-time effect this year • ROCE >9% 23 • BCF >€200 mn (104) Q4 21/22 Q3 22/23 Q4 22/23 1. Materials Stockholding and Processing (excl. direct-to-customer and Aerospace business) | 2. Multi-year average 37 thyssenkrupp AG | Investor Relations | December 2023 Cash conversion rate ~0.8²#38MX Materials Services [€ mn] 2021/22 2022/23 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake 3,722 4,533 4,095 3,671 16,021 3,348 3,901 3,272 3,163 13,684 Sales 3,290 4,446 4,793 3,916 16,444 3,246 3,897 3,346 3,124 13,613 EBITDA 251 364 425 62 1,102 56 125 112 41 333 EBITDA adjusted 251 368 420 (69) 970 54 117 83 55 310 EBIT 219 331 393 27 970 22 91 78 12 204 EBIT adjusted 219 336 386 (104) 837 20 85 50 23 178 EBIT adj. margin (%) 6.7 7.5 8.1 (2.7) 5.1 0.6 2.2 1.5 0.7 1.3 tk Value Added 657 (108) Ø Capital Employed 3,322 3,624 3,861 3,921 3,921 3,763 3,748 3,709 3,668 3,668 BCF (391) (282) 268 827 422 (113) 98 260 68 313 Capital spending (incl. IFRS 16 - lease activation) (20) (44) (26) (120) (211) (29) (35) (33) (186) (282) CF from divestm. 1 1 7 143 154 4 12 36 (0) 53 CF for investm. (15) (16) (17) (52) (101) (17) (19) (18) (95) (148) Employees 15,454 15,657 15,737 15,914 15,914 16,040 16,234 16,221 16,329 16,329 38 thyssenkrupp AG | Investor Relations | December 2023#39IC Industrial Components (IC): Mission critical components for a broad range of clients and applications Bearings (BG) Forged Technologies (FT) Dissolved from FY 23/24 onwards Market leader for large slewing bearings, supplying pivotal components for wind energy and diverse industrial applications Largest steel forging company in the world, supplying leading OEMs in automotive, construction and mining 39 thyssenkrupp AG | Investor Relations | December 2023#40IC BG We are a global supplier of mission-critical slewing bearings Products are mainly mission-critical slewing bearings Slewing bearings from 100 mm up to 8 m; segmented up to 25 m Main product offering Dissolved from FY 23/24 onwards Attractive and diverse customer portfolio (examples) Wind Energy ENERCON Rings Seamlessly rolled up to 8 m Upstream product ENERGY FOR THE WORLD Net Zero Tech Partner 土地蕴天成,能动无限 Envision MINGYANG SMART ENERGY 明阳智能 Industry XCMG /KHS HERRENKNECHT H Tunnelvortriebstechnik TREC 铁建重工 JCB 中国铁建 SIEMENS Gamesa RENEWABLE N NORDEX ENERGY acciona Windpower KOMATSU Global footprint with unmatched proximity to customers Sales¹ with strong Wind Energy and China shares Split by end markets ~€1.2 bn Wind Energy Industry 1. Based on FY 21/22 40 thyssenkrupp AG I Investor Relations | December 2023 Split by regions Rest of Asia Americas Europe ~€1.1 bn China#41IC BG Dissolved from We supply mission-critical components customized to specific requirements (example FY 23/24 onwards Excavator bearing Rotor bearings Blade bearings Yaw bearing Mission-critical & attractive margins • Slewing bearings enable rotating movements and are essential for operations of applications Customer individual design with small batch sizes/ focused series Often safety critical aspects for processes and human operators • All in all: Risk profile calls for high quality & reliability and supports corresponding attractive margins 41 thyssenkrupp AG | Investor Relations | December 2023#42IC FT Number one in steel forging: First choice for our customers Mission critical components: Highly engineered, forged, machined Engine (ICE¹) Crankshafts Conrods Passenger cars Trucks Dissolved from FY 23/24 onwards Strong customer base: Leading OEMs world-wide Passenger cars Trucks/Off-Highway Chassis Undercarriages Construction/Mining BERCO Audi BMW Truck front axles Track systems Ford Renault Skoda Stellantis Agco Iveco Caterpillar Kenworth Cummins Bobcat Sandvik MAN GM Toyota DAF/Paccar Scania JCB John Deere CNHi Sumitomo Vögele Volvo Truck knuckles Truck axle consoles Undercarriage components OE Kia Volvo Daimler T. Mercedes Porsche VW Deutz Ford Volvo Weichai Yuchai Kobelco Wacker N. Kubota Wirtgen Gr. Liebherr Yanmar Aftermarket Freightliner Unrivalled customer proximity: Local supply of global OEMs Balanced business portfolio: Sales breakdown (FY 22/23) ICE¹- Passenger cars 17% UC² - Original Equipment 25% ~€1.6 bn 7% UC2 Aftermarket 4% 41% ICE¹ - Trucks 6% Other 1. Internal combustion engine 2. Undercarriages 42 thyssenkrupp AG | Investor Relations | December 2023 ICE¹-Off highway#43IC Top line and earnings impacted by weaker wind demand in China and seasonality Order intake [€ mn] Bearings (BG) Comments YoY Dissolved from FY 23/24 onwards Investment highlights (BG) # 1 supplier of mission-critical components slewing bearings Attractive end markets, especially high-growth wind energy sector Leading expertise & technology bringing value to our customers (27)% 764 690 560 • BG FT Ol: good demand for industry applications cannot compensate ongoing weaker wind demand (mainly China) 2 Sales [€ mn] (13)% Sales: industry applications (e.g. exploration and cranes and lifting) as well as wind business in Germany and Europe cannot fully outweigh weaker wind demand in China 3 4 | Leveraging proven strengths to grow and drive profitability 754 695 657 BG FT EBIT adj. [€ mn; %] EBITDA adj. 96 86 8.5% 8.1% 83 7.2% 64 (16) 57 . Ongoing competition (wind China) and increased factor costs not entirely compensated by efficiency measures and change in sales mix Forged Technologies (FT) Ol: Cont. good demand for trucks; industry and car components (Europe) restrained and impacted by seasonality; support by cost pass-through and +ve FX effects Investment highlights (FT) 1|| Global footprint and unique machine park drive competitive advantage 2 Synergies (auto and undercarriage) support further 3 operational and commercial improvements Strong ICE position underpins product portfolio transformation 47 . Sales follow order intake 4 Proven performance-oriented mind-set • Weaker demand not entirely compensated by continued cost-cutting measures Q4 21/22 Q3 22/23 Q4 22/23 43 thyssenkrupp AG | Investor Relations | December 2023#44IC Industrial Components [€ mn] 2021/22 2022/23 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake 601 707 720 764 2,792 783 725 690 560 2,758 Order backlog 1,000 1,016 1,043 1,065 1,065 1,148 1,130 1,118 1,025 1,025 Sales 604 707 702 754 2,766 663 732 695 657 2,747 EBITDA 84 93 81 105 363 67 90 86 80 323 EBITDA adjusted 83 91 77 96 346 67 90 86 83 326 EBIT 57 67 53 73 250 38 61 57 53 208 EBIT adjusted 56 65 49 64 234 38 61 57 47 203 EBIT adj. margin (%) 9.4 9.1 7.0 8.5 8.4 5.8 8.3 8.1 7.2 7.4 tk Value Added 112 60 Ø Capital Employed 1,536 1,579 1,609 1,626 1,626 1,660 1,652 1,650 1,648 1,648 BCF 42 (26) 97 64 176 43 6 82 25 155 Capital spending (incl. IFRS 16 - lease activation) (32) (35) (28) (60) (154) (19) (23) (24) (59) (125) CF from divestm. 2 2 7 (1) 10 1 (0) 1 (0) 1 CF for investm. (30) (34) (27) (60) (151) (18) (22) (22) (54) (117) Employees 12,591 12,384 12,062 12,019 12,019 12,056 11,900 11,728 11,608 11,608 44 thyssenkrupp AG | Investor Relations | December 2023 Dissolved from FY 23/24 onwards#45AT AT with international setup and diverse product portfolio to serve customer segments New setup from FY 23/24 onwards High-tech components and systems as well as automation solutions for vehicle manufacturing AT is a major supplier and engineering partner to the international automotive industry - selected examples Steering Bilstein Automotive Dynamic Forged Systems Components Technologies Automotive Body Solutions Springs & Automation Stabilizers Engineering ઓમ Column- EPS1 Passive, (Semi-) Axle assembly Steering active column Air springs Module assembly " Rack-EPS1 & modules Cold forging " Rotor shafts Modules Variable systems Assembled camshafts " Crankshafts ■ Conrods Truck axle components Chassis and body in white Standard Under- carriages Track systems products " Tool manuf. Springs Stabilizers Battery and Passenger vehicles NEW EV OEMS Bobcat CNH Group Trucks/ Off-highway Construction/ Mining Established premium Volume OEMS Chinese " OEMS Caterpillar Cummins " DAF Paccar " JCB Audi Ford ☐ powertrain solutions Fuel cell BMW Jaguar Land Rover GM Hyundai Mazda Nio Polestar Tesla BAIC Daimler Truck " John Deere FAW Iveco Liebherr " Geely John Deere Sandvik GWM solutions Conveyor Mercedes-Benz Porsche systems Services MAN Tigercat Stellantis " Toyota Volkswagen Volvo • Renault-Nissan- Mitsubishi " SAIC BYD Navistar Vermeer " Scania Volvo Truck Volvo " Wacker Neuson Diverse product portfolio with international relevance M&A process ongoing AT has positioned itself internationally close to its customers in growing markets to partake in even the largest global platforms Sales by BU FY 22/23² (pro forma) Sales by region FY 22/232 (pro forma) Europe France Romania United Kingdom Liechtenstein Germany Hungary Poland Switzerland Portugal Spain Italy 5% 6% Steering Bilstein 34% Dynamic Comp. 20% Autom. Body Sol. 15% €7.9 bn Automotive Sys. €7.9 bn Forged Techn. 3% Springs & Stab. 14% Germany 15% Western Europe³ 27% North America China Rest of world America USA Mexico 7% 12% Autom. Engin. Brazil 29% 12% 1. Electric Power Steering (EPS) 2. Total external sales 3. incl Liechtenstein 45 thyssenkrupp AG | Investor Relations | December 2023 Asia China India#46AT AT portfolio¹ with >70% of sales independent from ICE development Components, systems and services Automotive body solutions Drivetrain components 1. Excluding SP, AE 46 thyssenkrupp AG I Investor Relations | December 2023 Axle assembly Shock absorbers/suspension Mechanical and electrical steering#47AT Mission critical components with huge growth potential ICE independent ICE dependent New ICE independent Steering column Steering gear Steering Bilstein (Semi-) active shock absorbers Module assembly Automotive Systems Dynamic Components Forged Technologies Automotive Body Solutions 1. Vehicle Motion Control Rotor shafts Camshafts Undercarriages Engine components Chassis and body in white 47 thyssenkrupp AG | Investor Relations | December 2023 + Steer by Wire (SbW) VMC1 Electro Mech. Brake ⚫AT supplies mission ECU Semi-active entry shock absorbers Compressor critical components globally Majority of AT business is independent of ICE New products support growth and foster diversification Truck chassis components • AT as chassis system provider to major OEMS#48AT Ongoing solid customer demand in combination with price and efficiency measures Order intake [€ mn] -10% 1,468 1,379 1,315 Sales [€ mn] 0% • • 1,369 1,426 1,373 EBIT adj. [€ mn; %] EBITDA 122 94 113 adj. 4.5% 2.5% 4.0% (6)) 61 55 36 • Comments YoY Ongoing solid customer demand with slide operational sales increase PY also supported by catch up effects from Corona shutdowns Pos. effects from price measures vs. neg. FX effects Growth still limited by ongoing semi shortage Higher factor costs (esp. personnel) largely offset by price and efficiency measures as well as partial cost improvements (esp. material, transport) Investment highlights New setup from FY 23/24 onwards 1 Mission critical components & systems Growth of core business and taking advantage of current market developments Sound order book & strong customer base 3 3 Global footprint with customer proximity 5 Performance improvement across all businesses 6 Digitized products, processes & business models Mid-term targets (excl. SP/AE) • >€7.5 bn sales 7-8% EBIT adj. margin Cash conversion rate (CCR) min. 0.5 Q4 21/22 Q3 22/23 Q4 22/23 48 thyssenkrupp AG | Investor Relations | December 2023#49AT Automotive Technology [€ mn] 2021/22 2022/23 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake 1,090 1,115 1,193 1,468 4,866 1,383 1,350 1,379 1,315 5,428 Sales 1,106 1,143 1,206 1,369 4,825 1,302 1,378 1,426 1,373 5,479 EBITDA 94 57 64 121 336 100 146 93 110 448 EBITDA adjusted 94 58 65 122 338 100 147 94 113 454 EBIT 38 (4) (17) 35 53 28 88 34 (4) 146 EBIT adjusted 38 3 6 61 108 43 89 36 55 223 EBIT adj. margin (%) 3.4 0.3 0.5 4.5 2.2 3.3 6.5 2.5 4.0 4.1 tk Value Added (169) (131) Ø Capital Employed 2,566 2,562 2,579 2,603 2,603 2,649 2,649 2,653 2,635 2,635 BCF 136 (4) (39) 59 152 22 (28) 93 115 202 Capital spending (incl. IFRS 16 lease activation) (50) (40) (53) (102) (245) (61) (64) (68) (97) (291) CF from divestm. 4 0 0 1 5 0 0 0 3 3 CF for investm. (47) (40) (46) (97) (230) (56) (50) (65) (91) (262) Employees 19,695 19,880 19,962 20,266 20,266 20,598 21,056 21,273 21,563 21,563 49 thyssenkrupp AG | Investor Relations | December 2023 New setup from FY 23/24 onwards#50- Automotive Technology (new setup) – pro forma financials AT [€ mn] New setup from FY 23/24 onwards 2022/23 Q1 Q2 Q3 Q4 FY Order intake 2,047 2,031 2,063 1,738 7,879 Sales 1,884 2,009 2,045 1,971 7,910 EBITDA 118 181 117 141 557 EBITDA adjusted 119 182 120 144 564 EBIT 31 106 41 6 184 EBIT adjusted 46 108 44 68 266 EBIT adj. margin (%) 2.4 5.4 2.2 3.4 3.4 tk Value Added (190) Ø Capital Employed 3,542 3,553 3,572 3,561 3,561 BCF 14 (89) 110 124 159 Capital spending (incl. IFRS 16 lease activation) (76) (75) (84) (130) (365) CF from divestm. 1 (0) 0 3 4 CF for investm. (71) (60) (78) (118) (327) Employees 30,893 31,288 31,418 31,689 31,689 50 thyssenkrupp AG I Investor Relations | December 2023#51SE No. 2 flat steel producer in EU with broad end-market exposure Automotive Consumer durables Shipments by end market (22/23) 9.4 Mt S:༑ ༑།། Automotive Special vehicles Energy distribution/transformers Other General industry Energy generation/turbines Packaging Construction Building components Packaging 51 thyssenkrupp AG | Investor Relations | December 2023 Energy Engineering Household 10.4 Mt Crude steel production 9.4 M Shipments 10 sq km Duisburg area One of the largest EU industrial sites 20 Production facilities € €12.4bn Revenue 8-26,820 Employees € 0.6 bn Adj. EBITDA -1,200 Customers#521 SE #1 German & #2 EU producer of premium steel products – Strong positions in core segments④ Excellent position in premium automotive/industrial segments in China and India Strong position in Europe and internationally No. 2 > 1,200 customers Flat steel producer > 25 years average customer relationship Strong positioning within diverse customer segments³ O No. 2 in EU Automotive Premium automotive flat steel for exposed & lightweight components No. 1 Steel producer No. 2 Chinese automotive HDG2 Exceptional position Only Indian producer of high-quality grain oriented electrical steel grades NGO¹ for generators & engines NGO No. 2 in EU GO¹ for transformers Energy GO No. 1 in EU Packaging Tinplate for food, beverage and aerosols Amongst others: trailer, cold rolling Other industries No. 1 in EU 00 No. 1 in EU trailer4 No. 1 in EU cold rolling 1. NGO: Non-grain oriented electrical steel; GO: Grain oriented electrical steel | 2. HDG: Hot dip galvanized; Chongqing and Guangzhou sites are held by Tagal JV | 3. IHS, Eurostat, Eurofer, tkSE analysis, graphics illustrative | 4. Trailer - Cooler & Dry-Freighter thyssenkrupp AG | Investor Relations | December 2023 52#53SE 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" Flat steel demand ICE Compared with BEV, higher flat steel demand in the following assemblies: Transmission, engine, clutch, exhaust system Sources: Company information (Portfolio Viewer) based on IHS, A2Mac1, Euro Car Body 1. Consists of body incl. add-on parts, (auxiliary) powertrains, interior, chassis incl. wheels, powertrain, battery casing 53 thyssenkrupp AG | Investor Relations | December 2023 • • Sample image aus tk Steel-reference structure,,Selectrify" Flat steel demand BEV The clutch and exhaust system are no longer required. Partial quantities of flat steel are eliminated in the engine and transmission Traction machine (electric engine) with high demand for high quality Electrical steel strip Battery cases (new) with high strength requirements. Economically attractive, especially with future scaling of e-car production figures Increase in high-strength grades in body and casing/chassis due to load of battery weights and safety requirements#54SE 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 Development of flat steel demand in the context of e-mobility Market positioning E-mobility strategy • tk Steel Europe Sales Automotive & Industry High-strength steel and premium surfaces for battery cases, car bodies, chassis and lightweight construction One of the leading flat steel suppliers with dedicated expertise for demanding cold- and hot- forming applications and a wide product range in the area of premium surfaces Expansion of the product range, especially for ultrahigh-strength applications tk Steel Europe Sales NOES¹ tk Electrical Steel Sales GOES² Non-grain oriented electrical steel for stators and rotors in electric motors Among the two largest suppliers of non-grain oriented Electrical steel in the EU Strategic investments in production network to support market growth Innovative insulating coating systems • Grain-oriented electrical steel for transformers as the basis for electromobility infrastructure Largest producer of grain-oriented electrical steel and largest supplier of top grades in the EU Further increase in product quality to meet efficiency requirements Potentials for GOES in the field of axial flux motors • • • tk Hohenlimburg Sales Precision Steel High-strength medium-wide strip for • Components in powertrain Chassis und seat structures Specialist for hot-rolled strip steel with tightest thickness and profile tolerances Strong partner to the cold rolling and automotive supply industries Diversification of the product portfolio Replacement of cold-rolled applications 1. Non-grain oriented Electrical Steel 2. Grain-oriented Electrical Steel 54 thyssenkrupp AG | Investor Relations | December 2023 In line with market growth ⑦Above market growth Strongly above market growth Market decline#55SE Higher shipments and lower cost base offset by lower spot-market price levels Shipments [kt] (3)% Comments YoY Investment Highlights 1 || 2,263 2,552 2,324 Shipments slightly lower, mainly driven by industry customers (packaging steel) #1 German and #2 EU producer of premium steel products 2 Strong strategic position in the centre of Europe Green Transformation - strong positioning in 3 Sales [€ mn] green steel market (19)% Core portfolio benefitting from global . 3,538 3,251 2,864 Lower spot-market price levels across all customer groups 4 electrification & decarbonization mega trends EBIT adj. [€ mn; €/t] EBITDA adj. 285 (126/t) 255 (100/t) 119 (51/t) • 221 (167) 190 54 Sig. lower spot-market price levels, partly offset by cost improvements (e.g. raw materials and energy) Q4 21/22 Q3 22/23 Q4 22/23 1. Cycle and risk adjusted averages targets | 2. Excl. green transformation; ratio BCF/EBIT as reported 55 thyssenkrupp AG | Investor Relations | December 2023 5 | Turnaround program in execution Mid-term targets¹ • Shipments 11.0 mt • Adj. EBITDA of ~€100/t • ⚫ EBIT adj. margin of 6-7% • BCF >€300 mn • Cash Conversion Rate² >0.4#56SE Steel Europe [€ mn] 2021/22 2022/23 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake 2,481 3,389 3,098 2,844 11,811 3,035 3,691 3,221 2,243 12,189 Sales 2,669 3,392 3,558 3,538 13,156 2,945 3,315 3,251 2,864 12,375 EBITDA 198 571 461 348 1,579 256 88 229 114 687 EBITDA adjusted 198 555 451 285 1,489 160 57 255 119 591 EBIT 112 495 (3) 283 887 186 (328) 164 (1,716) (1,694) EBIT adjusted 124 479 376 221 1,200 90 (14) 190 54 320 EBIT adj. margin (%) 4.7 14.1 10.6 6.2 9.1 3.1 (0.4) 5.9 1.9 2.6 tk Value Added 408 (2,181) Ø Capital Employed 4,725 5,042 5,535 5,636 5,636 5,832 5,821 5,720 5,413 5,413 BCF (499) 56 (400) 788 (55) (273) 124 313 205 370 Capital spending (incl. IFRS 16 - lease activation) (124) (188) (131) (195) (638) (111) (293) (128) (391) (924) CF from divestm. (5) (7) (0) 1 (11) 7 (4) (5) (31) (33) CF for investm. (124) (185) (127) (193) (630) (110) (286) (127) (388) (911) Employees 26,247 25,945 25,862 26,304 26,304 26,222 26,109 26,249 26,822 26,822 56 thyssenkrupp AG I Investor Relations | December 2023#57Marine Systems highlights: Leading global supplier of marine technology MS lil €1.8 bn Revenue FY 22/23 €12.6 bn Backlog Sep-23 ☑ Technology leadership with integrated platform, systems and services NATO's preferred Naval partner supplying 70% of non-nuclear submarine fleet Significant order backlog diversified across a variety of international navies Large installed base of 162 submarines and surface vessels worldwide #1 Conventional submarines globally 175 years heritage developing innovative Naval technology 57 thyssenkrupp AG | Investor Relations | December 2023#58MS 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-end in-service support throughout lifecycle 1. Recent expansion of the portfolio into adjacent civilian market, leveraging existing know-how, capabilities and infrastructure for civil applications 58 thyssenkrupp AG | Investor Relations | December 2023 ELSKIE ONI#59MS Significant after-sales services provide recurring multi-decade revenues (submarine example) . Design and Production 100% of purchase price at delivery of last unit in class Supporting services to prepare vessel for mission readiness before initial deployment 1. Dependent on customers demand and maintenance / modernization cycle 59 thyssenkrupp AG | Investor Relations | December 2023 • In Operation & Service 40+ years operation & service life of a submarine - Main overhauls & capability upgrades Intermediate overhauls Midlife conversion & lifetime extension • End of Life Cycle ~40% of initial purchase price generated in additional service revenue over the submarine life cycle from (maintenance) service and conversions¹#60MS Performance of key metrics well on track Order intake [€ mn] 78% 320 119 Sales [€ mn] (38)% 572 • • . Comments YoY Orders in Maintenance, Service and Marine Electronics Extension of existing surface vessel and submarine contract High visibility by order backlog of €12.6 bn Investment Highlights 1 Global leader in innovative naval technologies له 2 Highly attractive long-term growth markets 3 Resilient, high visibility business model 4 Significant value creation with operational excellence 567 484 349 EBIT adj. [€ mn; %] Sales performance generally well on track; higher sales in prior year quarter due to ramp up of surface vessel and submarine projects 5 | Attractive financial outlook Mid-term targets EBITDA 37 31 48 adj. • Sales: ~7% CAGR 3.4% 3.3% 8.6% • Focus on performance improvement; continuous improvement becomes visible • EBIT adj. margin of ~6-7% 10) 7 30 • • 20 16 Performance initiatives secure margins in new orders and stabilize profitability of order backlog Cash conversion rate min. ~1.0 Q4 21/22 Q3 22/23 Q4 22/23 60 thyssenkrupp AG | Investor Relations | December 2023#61MS Marine Systems [€ mn] 2021/22 2022/23 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake 479 3,144 288 320 4,232 133 135 119 572 959 Order backlog 10,880 13,860 13,658 13,615 13,615 13,098 12,787 12,514 12,630 12,630 Sales 377 476 411 567 1,831 508 498 484 349 1,839 EBITDA 15 20 17 37 89 33 29 31 48 141 EBITDA adjusted EBIT 22 22 20 18 37 96 35 29 31 48 143 (2) 3 2 20 24 18 14 16 29 77 EBIT adjusted 6 3 3 20 32 20 14 16 30 80 EBIT adj. margin (%) 1.6 0.7 0.7 3.4 1.7 4.0 2.8 3.3 8.6 4.4 tk Value Added (73) (6) Ø Capital Employed 1,227 1,211 1,233 1,218 1,218 1,034 1,018 1,041 1,042 1,042 BCF 250 (165) 0 224 310 142 (23) (143) 244 219 Capital spending (incl. IFRS 16 - lease activation) (21) (15) (22) (77) (135) (16) (31) (23) (59) (129) CF from divestm. 0 (0) 1 0 1 0 0 0 0 0 CF for investm. (20) (13) (21) (77) (131) (15) (29) (22) (57) (124) Employees 6,555 6,619 6,646 6,943 6,943 7,159 7,411 7,531 7,772 7,772 61 thyssenkrupp AG | Investor Relations | December 2023 New setup from FY 23/24 onwards#62MS Marine Systems (new setup) - pro forma financials [€ mn] Q1 Q2 2022/23 Q3 Q4 FY Order intake 128 135 117 571 952 Order backlog 13,089 12,779 12,509 12,625 12,625 Sales 507 497 480 349 1,832 EBITDA 32 29 27 45 134 EBITDA adjusted 34 30 27 45 136 EBIT 17 14 12 27 70 EBIT adjusted 19 14 12 27 73 EBIT adj. margin (%) 3.8 2.9 2.6 7.8 4.0 tk Value Added (15) Ø Capital Employed 1,070 1,054 1,072 1,068 1,068 BCF 140 (22) (121) 240 237 Capital spending (incl. IFRS 16 - lease activation) (16) (31) (23) (59) (129) CF from divestm. 0 0 0 0 0 CF for investm. (15) (29) (22) (57) (124) Employees 7,131 7,386 7,502 7,745 7,745 62 thyssenkrupp AG | Investor Relations | December 2023 New setup from FY 23/24 onwards#63MT Adj. EBIT loss sig. reduced compared with prior year Order intake [€ mn] Comments YoY (56)% 1,724 1,099 756 Sales [€ mn] (1)% · 839 790 829 EBIT adj. [€ mn; %] EBITDA (60) (49) (43) adj. (9.1)% (8.1)% (7.0)% 18 (77) (64) (58) Q3 22/23 Lower order intakes in all businesses mainly due to one large scale order in previous year and timing effects Improvements in the majority of remaining businesses nearly compensate the negative effect from the sale of Mining in Q4 21/22 Improvements in plant engineering businesses (Uhde, Polysius) and tk nucera partly offset by declines in auto related businesses Ongoing restructuring and cost cutting measures; in total reduction of ~3,000 FTE¹ Q4 21/22 Q4 22/23 1. Since 01.10.2019, excl. Heavy Plate | 2. Sale of Mining closed in August 22, Sale of AST closed in Jan 22, Sale of Infrastructure closed in Nov 21 thyssenkrupp AG | Investor Relations | December 2023 63 Dissolved from FY 23/24 onwards Updates on businesses and portfolio tk nucera (hydrogen electrolysis business) Order funnel expanding IPO successfully completed on July 7, 2023; gross proceeds of around €526 mn will be invested in the further growth of the hydrogen business; in addition, thyssenkrupp received gross proceeds of €52 mn from the placement of further shares (greenshoe) Plant engineering (Uhde, Polysius) Uhde with expansion of sustainable technologies and projects (blue ammonia) Springs & Stabilizers & Automation Engineering - Ongoing talks with potentially interested buyers Businesses sold or closed Mining AST (stainless steel) Infrastructure Heavy Plate Carbon Components Sales closed in FY 21/22² → strengthening net financial position by more than €800 mn#64MT Multi Tracks [€ mn] Sale of AST in Jan 2022 2021/22 2022/23 Q1 Q2 Q3 Q4 FY Q1 02 Q2 Q3 Q4 FY Order intake 2,567 1,294 914 1,724 6,499 913 968 1,099 756 3,735 Sales 1,540 993 728 839 4,101 779 769 790 829 3,167 EBITDA (7) (29) (54) 71 (17) (4) 17 (59) (42) (88) EBITDA adjusted 24 (14) (46) (60) (95) (3) 21 (49) (43) (75) EBIT (50) (49) (73) 28 (143) (18) 3 (85) (61) (160) EBIT adjusted (1) (33) (62) (77) (173) (17) 7 (64) (58) (132) EBIT adj. margin (%) (0.1) (3.3) (8.5) (9.1) (4.2) (2.2) 0.9 (8.1) (7.0) (4.2) tk Value Added (195) (197) Capital Employed 974 857 727 650 650 361 387 414 405 405 BCF (206) 21 (137) (77) (398) (54) (75) (108) 147 (91) Capital spending (incl. IFRS 16 - lease activation) (27) (10) (13) (31) (81) (12) (11) (13) (29) (66) CF from divestm. 23 552 1 281 856 0 0 0 (5) (5) CF for investm. (16) (9) (10) (24) (59) (9) (10) (9) (24) (52) Employees 17,661 14,878 14,718 12,892 12,892 13,068 13,313 13,402 13,619 13,619 64 thyssenkrupp AG I Investor Relations | December 2023 Will be dissolved from FY 23/24 onwards#65HQ Corporate Headquarters [€ mn] 2021/22 2022/23 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY EBITDA (61) (46) (40) (43) (191) (44) (38) (44) (54) (180) EBITDA adjusted (51) (36) (31) (35) (153) (43) (41) (37) (47) (167) EBIT (61) (47) (41) (44) (193) (44) (38) (45) (55) (182) EBIT adjusted (51) (36) (31) (36) (154) (43) (41) (37) (47) (169) BCF (57) (65) (24) (51) (197) (30) (56) (29) (36) (152) Employees 622 618 610 615 615 609 611 610 625 625 thereof GER / tk AG 392 391 377 385 385 383 378 380 391 391 thereof Regions 230 227 233 230 230 226 233 230 234 234 65 thyssenkrupp AG I Investor Relations | December 2023#66New segment from DT combines key technologies for decarbonization with a broad industrial customer b. FY 23/24 onwards DT Rothe Erde Producer of (large) slewing bearings and rings Broad range of industrial applications incl. renewable energy Uhde Suite of green technologies to support energy transition Plant engineering & project delivery for chemicals such as ammonia/ methanol Polysius Plant engineering and service in the cement/lime industry Technologies for emission reduction, efficient carbon capture processes Selected examples of customer base thyssenkrupp nucera¹ Supplier of electrolysers for green hydrogen Plant engineering for chlor-alkali production • Siemens Gamesa Saudi Aramco • Vestas Uniper • • JCB ADNOC GE Renewable Energy Qatar Energy CEMEX Air Products Heidelberg Materials GCC • Shell • Covestro • Holcim • Unigel Key technologies for industrial decarbonization + Coverage of crucial steps in green H₂ and renewable energy value chain + Extensive customer base with broad industry reach 1. Publicly listed company with thyssenkrupp AG as majority shareholder 66 thyssenkrupp AG | Investor Relations | December 2023#67Decarbon Technologies bundles key technologies for Green Transformation DT 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 New segment from FY 23/24 onwards Renewable Energy Production Polysius • Paving the way for climate-neutral transformation of the cement and lime industry Solutions to reduce CO2 within production process (e.g. clinker factor reduction, carbon capture) More than 800 cement plants and over 17,600 machines & systems built worldwide - huge potential for service and oxyfuel technology CO:-emitting Indus • Ammonia Plant thyssenkrupp nucera² Technology leader in electrolysis plants to produce green hydrogen Largest order book (>3 GW) for green hydrogen electrolysis plants in the industry Successful IPO underpins opportunities of the hydrogen market and its growth prospects Methanol Plant Methanol Uhde Technology leader and global plant engineering capabilities • Urea Plant Wide range of technology portfolio to support industrywide green transition (e.g. ammonia, methanol, ammonia cracking) 1. Former BU Bearings renamed as of October 1, 2023 | 2. Publicly listed company with thyssenkrupp AG as majority shareholder Amme 67 thyssenkrupp AG | Investor Relations | December 2023 >2,000 chemical & process plants built worldwide - essential know-how for growing hydrogen transport need and applications ow-CO Steel Industy Refineries eFuels Chemical Industry Farms Consumer#68DT Key highlights Decarbon Technologies New segment from FY 23/24 onwards 1 | Enabler for decarbonization across industries and market leader in attractive key technologies 2 | Well-established businesses with access to customers and large installed base 3 | Global Player with regional customer focus on main growth markets 41 Clear path for commercializing decarbonization technologies with strong focus on performance 5 | Consequent initiatives to enhance execution excellence at industrial large-scale projects ⑥| Significant order backlog and strongly growing order intake with attractive margins 7 | Experienced management with cross-industrial expertise 68 thyssenkrupp AG I Investor Relations | December 2023#69DT Decarbon Technologies - pro forma financials [€ mn] 2022/23 Q1 Q2 Q3 Q4 FY Order intake Sales 1,021 1,000 1,097 885 4,002 848 856 855 879 3,438 EBITDA 44 72 8 (3) 122 EBITDA adjusted 45 75 12 10 142 EBIT 18 46 (29) (28) 7 EBIT adjusted 19 49 (16) (24) 28 EBIT adj. margin (%) 2.2 5.8 (1.8) (2.7) 0.8 tk Value Added (95) Ø Capital Employed 1,137 1,145 1,154 1,136 1,136 BCF (3) (8) (43) 162 108 Capital spending (incl. IFRS 16 lease activation) (16) (24) (21) (56) (117) CF from divestm. 0 0 1 (6) (5) CF for investm. (14) (22) (17) (51) (104) Employees 14,829 14,981 14,985 15,101 15,101 69 thyssenkrupp AG | Investor Relations | December 2023 New segment from FY 23/24 onwards#70Content thyssenkrupp tk Introduction Quarterly Update ✈ Group Overview and Financials Page 2-8 9-24 25-33 Segment Overview and Financials 34-69 ESG and Green Transformation ✈ Appendix 70-81 82-101#71thyssenkrupp pursues a holistic approach to sustainability on Group and Business level and manages Stakeholder expectations actively by transparency, communication and strategic positioning Customers & other Business Partners Environment/ Climate Protection Climate targets & CO₂ reduction Equal opportunities & diversity Careful use of raw materials and energy ESG in global supply chains Sustainable Supply Chain Responsible sourcing of materials Politics, Legislation & Regulation 71 thyssenkrupp AG | Investor Relations | December 2023 Environment Social Sustainability @tk Compliance Governance Society & (potential) Employees People/ Employee Occupational Safety & Health Human rights & fair working conditions Green Finance Public Funding Reporting & Ratings Sustainable Finance Risk Internal control management Good Corporate Governance Capital & Financial Market#72We create ESG impact... Environment Aim to become climate neutral by 2050 at the latest and set ambitious targets for 2030 - -30% scope 1+2 emissions until 2030 -16% scope 3 emissions until 2030 ➤ Climate targets SBTi-approved Enable our customers' transformation to climate neutrality with - CCU technologies: e.g. Carbon2ChemⓇ - CDA technologies: e.g. H₂ electrolysis, green ammonia CO₂ reduced products: e.g. bluemintⓇ steel High-quality disclosure of climate and environmental data - Integrated reporting - CDP "Climate A list" - TCFD and SASB reports Social ⚫ Occupational safety and health - Zero compromise on safety and health • Further employee pulse check carried out in 2023 Human rights (HR) - UN Global Compact signatory - International Framework Agreement on global minimum labor standards at tk - tk Code of Conduct (CoC) - Supplier CoC and risk-based due diligence process for suppliers Principles of compliance with HR and environmental due diligence requirements - Modern Slavery Statement ⚫ Diversity - Target: 17% women in leadership positions until 2025/26 - - Already achieved 40% women in Supervisory Board Governance Corporate Governance - - Sustainability a Board responsibility (CEO) Sustainability in SB skill matrix Remuneration linked to ESG targets Fully compliant with German CG Codex - Commitment to active shareholder dialogue (e.g. Governance Roadshow) One share = One vote at the AGM ⚫ State-of-the-art Compliance Management system; responsibility anchored in each group company • Data protection and information security Group-wide data protection organization; privacy-by-design approach - In-house Cyber Defense Center 72 thyssenkrupp AG | Investor Relations | December 2023#73Promising 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 Successful IPO of tk nucera completed Green Energy and Decarbonization Hydrogen Electrolysis (tk nucera) Technology leader in industrial scale (GW) plants - Alkaline Water Electrolysis • Green Ammonia, H₂/energy carrier, fertilizer (Uhde) Technology leader - NH3 plants (up to 5,000 mtpd) - NH3 Cracker Green Cement Industry Trans- formation/CO2 capture (Polysius) Technology leader - Oxyfuel technology • Renewable Energy (Rothe Erde) Leading position in bearings for e.g. wind turbines - On-/off-shore technology ⚫ CO₂ reduced steel (SE) Green steel roadmap defined - Started: CO2 reduction measures (e.g. substitution of PCI by H₂) 1st DRI plant planned for 2026 Climate neutrality by 2045 bluemintⓇ Steel since 2021 - up to 70% lower CO2 intensity Materials Distribution (MX) First mover in - supplying CO2 reduced materials CO2 optimized supply chains Advanced Mobility E-mobility/ automated driving (AT, SE) Leading positions in - Electrical steering Compressor for air condition Rotor shafts - Electrical Steel for e-engines Lightweight Solutions (AT, SE) Quality leader in High-strength steel for car bodies and safety critical parts Digitalization Digital Services (MX, AT, Uhde, Polysius) State-of-the-art - Dig. offerings for resilient supply chain solutions -Remote condition monitoring Digital Products (AT) Inhouse software expertise - Vehicle Motion Control n (i.a. EP Steering and Fully Active Damper) 73 thyssenkrupp AG I Investor Relations | December 2023 bluemint Steel Wwwoo#74Green 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 50 40 40 30 50 20 20 10 ம் Demand - Supply 6-9 Mt Demand corridor Supply corridor Expected undersupply in 2030 0 2023 24 25 26 27 28 29 30 31 32 33 34 2035 Demand for green steel is expected to grow, with demand expected to exceed supply significantly from 2030 onwards Source: Company information, based on public announcements of steel players in Europe, including fast track volumes; scenarios are driven by availability of hydrogen and ramp-up of production facilities 74 thyssenkrupp AG | Investor Relations | December 2023 We will play a pivotal role in the EU green steel market, securing the long-term industrial value creation in the "Ruhrgebiet❞#75Green Transformation - Comprehensive master plan Roadmap to reduce CO2 by >30% until 2030 and become a climate neutral steel location by 2045 2019 Trialling H₂ use in the blast furnace since 2021 bluemintⓇ Steel from 2026 First DR plant with melting units (SAF) Removal of the first coal-based blast furnace up to 2029 Hydrogen ramp-up of the first DR plant to 100 % up to 2030 Removal of the second coal-based blast furnace replacement by DR-based technology before 2045 2+45 KLIMANEUTRAL CLIMATE-NEUTRAL tk H Steel Complete implementation of the transformation Carbon-neutral steel production without coal-based blast furnaces incl. decarbonization of the downstream systems Available quantities of bluemintⓇ Steel per year 2022-2025 50-500 kt/a 75 thyssenkrupp AG | Investor Relations | December 2023 2026 onward ~ 3 mt/a 2030 onward~ 5 mt/a Avoidance of residual CO2 emissions, e.g. through Carbon2ChemⓇ (CCU) 2045 onward 11 mt/a#76Green Transformation - DR-SAF approach for first DR-plant Technology set-up leads to significant advantages Technology approach 76 thyssenkrupp AG I Investor Relations | December 2023 DR-plant Reduction of iron ore in the form of pellets to direct reduced iron using natural gas and later hydrogen Benefit of our technology approach Significant CO2 savings in hot metal production by using hydrogen Enables production of all premium grades in the current customer portfolio Submerged electric arc furnace Direct reduced iron is processed into pig iron and then transferred to the established converter process Higher energy efficiency through use of "Hot-Link" Continued use of existing steel plant processes and downstream production facilities - no new homologation for green steel products required#77Our 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 Our online publication Governance Strategy Risk Management Metrics and Targets ✓ Oversight of climate strategy by CEO and Sustainability Committee ✓ Supervisory Board informed through regular channels Climate Action Program for Sustainable Solutions ✓ Groupwide Energy Efficiency Program ✓ Scenario analysis on technological levers ✓ Involvement of climate issues into internal risk management processes ✓ Enabling technologies may become a major competitive differentiator ✓ Example: „,Carbon Leakage" in European steel industry ✓ -30% scope 1+2 emissions until 2030 ✓ -16% scope 3 emissions until 2030 ✓ Climate-neutrality until 2050 at the latest 6 TCFD Reference Table Task Force on Climate-related Financial Disclosures thyssenkrupp 77 thyssenkrupp AG I Investor Relations | December 2023#78Indirect 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 to 34.5 t CO, per mn € sales in FY 2024/25 Part of LTI 35.5 t CO2 per 28.9 31.2 mn € sales Adjusted R&D intensity ~3.0% in FY 2023/24 2.4% 2.8% ~3.0% Increase the proportion of women in management positions by at least 1% per year to 17% by FY 2025/26 Part of LTI 13.1% 14.6% 15.0% Reduce the accident frequency rate by at least 0.1 per year to 2.2 by FY 2023/24 Part of LTI 2.3 2.4 2.2 108 104 IFT achieved 60 supplier sustainability audits each year Achievement of an Employee Net Promoter Score of >0 by FY 2025/26 Part of LTI n/a (4) Further improvement High Risk Supplier Reduction (HSR): Reduction of the relative proportion of suppliers in the population of potentially high-risk suppliers of 36.4% in FY 2026/27 Part of LTI New IFT starting from FY 2023/24; replaces supplier sustainability audits 68.9% 78 thyssenkrupp AG | Investor Relations | December 2023#79Women in leadership positions: Further increase in 2023 and well on track to reach the target of 17% 6.3 incl. Elevator Technologies (ET) (discontinued operations) 14.6 13.1 12.6 12.0 12.2 11.6 10.9 11.2 10.2 8.8 17.0 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20' 2020/21 2021/22 2022/23 Target 25/26 The "Fair Share" as ambitious target (in comparison to other companies having higher "numeric" targets, but also a higher proportion of women in the overall workforce) High share of female leaders at Corporate and some Segments/ Businesses already achieved - Corp: 30% female leaders / - 50% women of total employees SE: female COO MX: female CTO - Bilstein (AT): female CFO Attractive offers to women established - Specific leadership and mentoring programs Job sharing for female leaders working in part-time - Work-Life balance tools thyssenkrupp has set itself the "Fair Share" as target until FY 2025/26 79 thyssenkrupp AG | Investor Relations | December 2023#80The 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 Target (formerly agreed) actual (until 18/19 incl. ET) ☐ Target (adapted) 5.9 4.8 4.6 3.7 3.0 3.0 2.9 2.8 2.6 2.7 2.6 2.5 2.6 2.4 2.3 2.2 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 Result for the previous FY was significantly below the target value of 2.6 80 thyssenkrupp AG | Investor Relations | December 2023#81Key Environmental Data Energy Unit 2020/2021 2021/2022 2022/2023 Total energy consumption TWh 74.0 66.1 67.9 Greenhouse Gas emissions 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 Waste Mio. t CO₂e 23.81 22.2 23.9 Total waste Mio. t 1.8 1.8 2.5 Waste for recycling Mio. t 1.4 1.6 2.1 - thereof hazardous waste Mio. t 0.2 0.2 0.3 Waste for disposal Mio. t 0.4 0.3 0.3 - thereof hazardous waste Mio. t 0.1 0.02 0.1 Water Water consumption Mio. m³ 474 353 310 - thereof stream cooling Mio. m³ 302 300 257 Waste water Mio. m³ 455 333 292 - thereof stream cooling Mio. m³ 302 300 257 Air emissions Dust total 1,000 t 3.5 3.2 3.3 NOx total 1,000 t 13.6 13.2 13.6 SOx total 1,000 t 12.4 11.7 13.7 VOC total 1,000 t 0.6 0.5 0.7 81 thyssenkrupp AG | Investor Relations | December 2023 Continuously tracking our environmental performance Further remarks: All figures are rounded. Absolute values may vary on a year-on-year comparison due to different production levels and are therefore not a direct reflection of environmental performance. Reporting boundaries: Unless otherwise stated, the data relates to fully consolidated group companies of the actual fiscal years. Since these figures are calculated only at the end of the year they include the group of companies consolidated as it stands at year-end. The figures include the 50 percent share in Hüttenwerke Krupp Mannesmann GmbH in accordance with IFRS rules. Methodology for CO2: CO2 emissions are calculated using the GHG Protocol methodology. The emissions are calculated on the basis of energy consumption and process emissions applying generally accepted Scope 1 and 2 emission factors from IPCC, IEA and certified own measurements. For Scope 2 emissions the location- based approach has been applied using emission grid factors. 1 Portfolio-adjusted according to the financial control approach of the GHG Protocol. Figure not rounded 0.046#82Content thyssenkrupp tk Introduction Quarterly Update ✈ Group Overview and Financials Page 2-8 9-24 25-33 Segment Overview and Financials 34-69 ESG and Green Transformation Appendix 70-81 82-101#83Pensions: "patient" long-term financial debt with gradual amortization [Group, € mn] Accrued pension and similar obligations Accrued pension liability Germany Accruals related to partial retirement agreements Development at unchanged discount rate (schematic) Accrued pension liability outside GER Other accrued pension-related obligation German discount rate 5,474 5,812 5,728 149 206 33 120 195 26 5,705 119 186 29 5,691 126 179 33 5,474 111 150 30 5,573 5,507 5,490 5,479 5,294 5,424 5,387 5,371 5,353 5,183 3.7 3.8 3.7 3.7 4.2 нн Q4 21/22 Q1 22/23 Q2 22/23 Q3 22/23 Q4 22/23 Decrease in accrued pensions ⚫ are mainly driven by ongoing increases in discount rates in Germany (>95% of accrued pensions in Germany) . are counter-effected by high inflation and respective pension increases (Germany) in Sep-23 accounts ⚫ do not change payouts to pensioners • • do not trigger funding situation in Germany; and not necessarily funding changes outside Germany are recognized directly in equity via OCI 83 thyssenkrupp AG | Investor Relations | December 2023 22/23 23/24 100-200 p.a. amortization by payments to pensioners 露出 24/25 25/26 26/27 27/28 IFRS requires determination of pension discount rate based on AA-rated corporate bonds • >95% of accrued pensions in Germany; thereof >60% owed to existing pensioners (average age ~78 years)#84Germany accounts for majority of pension plans [Group, FY 2022/23; € mn] Funded status of defined benefit obligation 1,992 Reconciliation of accrued pension liabilities by region Germany Outside Germany (197) 7,174 4,530 5,294 5,381 5,183 1,794 (1,795) 111 764 110 Partly underfunded portion Unfunded portion Accrued pension liabilities 1 Plan assets Defined benefit obligation Defined benefit Plan assets obligation Accrued pension liability Defined Plan benefit assets obligation Other Accrued effects ¹ pension liability • >95% of the unfunded portion in Germany; German pension regulations do not require funding of pension obligations with plan assets; therefore funding is mainly done by tk's operating assets 1 Incl. effects from IAS 19 mainly in UK (overfunding of €112mn deducted by asset ceiling of €25mn) 84 thyssenkrupp AG | Investor Relations | December 2023 • Plan assets outside Germany mainly attributable to UK (~27%), USA (~23%) and Liechtenstein (~38%) Plan asset classes include national and international stocks, fixed income securities of governments and non-governmental organizations, real estate as well as highly diversified funds#85Net periodic payments exceed Service costs and amortize pension liability by ~€100 mn (p.a.) [Group, € mn] Non-cash employees earning future pension payments Cash to pensioners (510) 3 190 5,573 115 (348) 5,294 (162) 162 (46) (194) Net periodic pension cost (308) Net periodic payment 394 3.70 Sep. 30, 2022 Service costs¹ Admin costs Net interest cost from Group from plan assets Annual contribution to plan assets 4 In financial statements P&L: personnel costs² P&L: financial line Operating Cash Flow³ German discount rate Others (mainly actuarial gains) mainly: equity (OCI) 1. Incl. past service cost and curtailments I 2. Additional personnel expenses include €28 mn net periodic pension cost for defined contribution plans 3. Incl. in position "changes in accrued pensions and similar obligations" (Cash Flow Statement); further details please see Annual Report Note Pensions; smaller deviations due to indirect cash flow reconciliation method 4. incl. employee contributions to flexplan (€7mn) 85 thyssenkrupp AG I Investor Relations | December 2023 4.20 Sep. 30, 2023#86Segment Overview - Quarterly Order Intake [Continuing operations - € mn] Q1 Q2 2021/22 Q3 2022/23 A Q4 Q4 FY Q1 Q2 Q3 Q4 FY yoy yoy (ex FX)¹ Materials Services 3,722 4,533 4,095 3,671 16,021 3,348 3,901 3,272 3,163 13,684 (14%) (12%) Industrial Components 601 707 720 764 2,792 783 725 690 560 2,758 (27%) (23%) Automotive Technology 1,090 1,115 1,193 1,468 4,866 1,383 1,350 1,379 1,315 5,428 (10%) (6%) Steel Europe 2,481 3,389 3,098 2,844 11,811 3,035 3,691 3,221 2,243 12,189 (21%) (20%) Marine Systems 479 3,144 288 320 4,232 133 135 119 572 959 78% 78% Multi Tracks 2,567 1,294 914 1,724 6,499 913 968 1,099 756 3,735 (56%) (44%) Corporate Headquarters 1 2 1 (1) 4 2 3 2 (0) 6 22% 54% Reconciliation (543) (622) (363) (400) (1,927) (420) (586) (392) (303) (1,700) Group continuing operations 10,398 13,562 9,946 10,391 44,297 9,177 10,188 9,390 8,305 37,060 (20%) (16%) 1. Adjusted for FX and portfolio effects 86 thyssenkrupp AG I Investor Relations | December 2023#87Segment Overview - Quarterly Sales [Continuing operations - € mn] Q1 Q2 2021/22 Q3 2022/23 A Q4 Q4 FY Q1 Q2 Q3 Q4 FY yoy yoy (ex FX)¹ Materials Services 3,290 4,446 4,793 3,916 16,444 3,246 3,897 3,346 3,124 13,613 (20%) (18%) Industrial Components 604 707 702 754 2,766 663 732 695 657 2,747 (13%) (9%) Automotive Technology 1,106 1,143 1,206 1,369 4,825 1,302 1,378 1,426 1,373 5,479 0% 5% Steel Europe 2,669 3,392 3,558 3,538 13,156 2,945 3,315 3,251 2,864 12,375 (19%) (18%) Marine Systems 377 476 411 567 1,831 508 498 484 349 1,839 (38%) (38%) Multi Tracks 1,540 993 728 839 4,101 779 769 790 829 3,167 (1%) 16% Corporate Headquarters 2 2 1 1 6 2 2 2 2 7 12% 17% Reconciliation (565) (560) (449) (416) (1,990) (427) (483) (396) (386) (1,691) Group continuing operations 9,023 10,599 10,950 10,568 41,140 9,018 10,107 9,598 8,812 37,536 (17%) (14%) 1. Adjusted for FX and portfolio effects 87 thyssenkrupp AG | Investor Relations | December 2023#88Sales by region FY 2022/23 [Continuing Operations, %] Materials Services Industrial Automotive Steel Marine Multi Components Technology Europe Systems Tracks thyssenkrupp Cont. Ops. Worldwide (Єmn) 13,613 2,747 5,479 12,375 1,839 3,167 37,536 DACHLI¹ 34.0 22.1 32.2 55.0 24.1 11.1 35.4 Germany 31.1 19.4 30.4 52.6 24.1 10.4 33.1 Central/ Eastern Europe 14.3 1.9 5.7 7.6 0.0 5.0 8.9 Western Europe 15.4 19.7 13.7 22.8 23.4 11.5 18.2 North America 30.6 28.2 26.0 8.1 0.4 15.6 20.7 USA 25.2 25.1 20.0 5.1 0.3 11.2 16.5 South America 0.3 7.8 1.5 0.9 14.5 6.7 2.5 Asia/Pacific 2.6 2.6 1.1 0.3 11.7 4.6 2.4 CIS 0.1 0.7 0.1 0.1 0.0 0.3 0.1 Greater China 1.0 13.9 17.1 0.6 0.2 13.0 5.2 China 0.7 13.8 17.0 0.6 0.2 12.8 5.0 India 0.9 1.9 0.5 0.9 1.0 14.9 2.1 Middle East & Africa 0.8 1.1 2.0 3.7 24.7 17.4 4.6 1. D = Germany, A = Austria, CH = Switzerland, LI = Liechtenstein 88 thyssenkrupp AG | Investor Relations | December 2023#89Sales by customer group FY 2022/23 [Continuing Operations, %] Materials Services Industrial Components Automotive Steel Marine Multi Technology Europe Systems Tracks thyssenkrupp Cont. Ops. Overall (€mn) 13,613 2,747 5,479 12,375 1,839 3,167 37,536 Automotive 15.6 39.3 93.6 27.0 0.0 26.1 33.2 Steel and related processing 16.9 1.3 0.1 21.9 0.0 1.7 12.4 Trading 14.1 3.9 5.5 23.5 0.1 1.1 11.3 Construction 5.0 1.1 0.0 0.4 0.0 0.0 2.0 Engineering Public sector 8.8 50.3 0.4 2.3 0.0 1.8 7.8 0.5 0.4 0.0 0.1 98.8 0.0 5.1 Energy and utilities 1.6 0.3 0.0 5.3 0.0 0.0 2.3 Packaging 1.0 0.0 0.0 13.4 0.0 0.0 4.8 Other customer groups 36.5 3.4 0.4 6.1 1.1 69.3 21.1 89 thyssenkrupp AG | Investor Relations | December 2023#90Segment Overview - Quarterly EBIT and Margin [Continuing operations - € mn] 2021/22 2022/23 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Materials Services 219 331 393 27 970 22 22 91 78 12 204 % 6.7 7.5 8.2 0.7 5.9 0.7 2.3 2.3 0.4 1.5 Industrial Components 57 67 53 73 250 38 61 57 53 208 % 9.5 9.4 7.6 9.6 9.0 5.8 8.3 8.1 8.0 7.6 Automotive Technology 38 (4) (17) 35 53 28 88 34 (4) 146 % 3.4 (0.3) (1.4) 2.6 1.1 2.2 6.4 2.4 (0.3) 2.7 Steel Europe 112 495 (3) 283 887 186 (328) 164 (1,716) (1,694) % 4.2 14.6 (0.1) 8.0 6.7 6.3 (9.9) 5.0 (59.9) (13.7) Marine Systems (2) 3 2 20 24 18 14 16 29 77 % (0.4) 0.7 0.5 3.6 1.3 3.6 2.7 3.3 8.4 4.2 Multi Tracks (50) (49) (73) 28 (143) (18) 3 (85) (61) (160) % (3.3) (4.9) (10.0) 3.4 (3.5) (2.3) 0.4 (10.7) (7.3) (5.1) Corporate Headquarters (61) (47) (41) (44) (193) (44) (38) (45) (55) (182) Reconciliation (15) (14) (10) 9 (29) 15 (1) (7) (38) (30) Group continuing operations 298 783 305 432 1,819 246 (110) 212 (1,779) (1,431) % 3.3 7.4 2.8 4.1 4.4 2.7 (1.1) 2.2 (20.2) (3.8) 90 thyssenkrupp AG | Investor Relations | December 2023#91Segment Overview - Quarterly EBIT adj. and Margin [Continuing operations - € mn] 2021/22 2022/23 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Materials Services 219 336 386 (104) 837 20 85 50 23 178 % 6.7 7.5 8.1 (2.7) 5.1 0.6 2.2 1.5 0.7 1.3 Industrial Components 56 65 49 64 234 38 61 57 47 203 % 9.4 9.1 7.0 8.5 8.4 5.8 8.3 8.1 7.2 7.4 Automotive Technology 38 3 6 61 108 43 89 36 55 223 % 3.4 0.3 0.5 4.5 2.2 3.3 6.5 2.5 4.0 4.1 Steel Europe 124 479 376 221 1,200 90 (14) 190 54 320 % 4.7 14.1 10.6 6.2 9.1 3.1 (0.4) 5.9 1.9 2.6 Marine Systems 6 3 3 20 32 20 14 16 30 80 % 1.6 0.7 0.7 3.4 1.7 4.0 2.8 3.3 8.6 4.4 Multi Tracks (1) (33) (62) (77) (173) (17) 7 (64) (58) (132) % (0.1) (3.3) (8.5) (9.1) (4.2) (2.2) 0.9 (8.1) (7.0) (4.2) Corporate Headquarters (51) (36) (31) (36) (154) (43) (41) (37) (47) (169) Reconciliation (14) (14) (5) 12 (22) 16 4 (5) (16) (0) Group continuing operations 378 802 721 161 2,062 168 205 243 88 703 % 4.2 7.6 6.6 1.5 5.0 1.9 2.0 2.5 1.0 1.9 91 thyssenkrupp AG | Investor Relations | December 2023#92Segment Overview - Quarterly Business Cash Flow (BCF) and Free Cash Flow bef. M&A¹ [Continuing operations - € mn] 2021/22 2022/23 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY BCF Materials Services (391) (282) 268 827 422 (113) 98 260 68 313 BCF Industrial Components 42 (26) 97 64 176 43 6 82 25 155 BCF Automotive Technology 136 (4) (39) 59 152 22 (28) 93 115 202 BCF Steel Europe (499) 56 (400) 788 (55) (273) 124 313 205 370 BCF Marine Systems 250 (165) 0 224 310 142 (23) (143) 244 219 BCF Multi Tracks (206) 21 (137) (77) (398) (54) (75) (108) 147 (91) BCF Corporate Headquarters (57) (65) (24) (51) (197) (30) (56) (29) (36) (152) BCF Reconciliation (56) (136) (72) (137) (401) (52) (138) (71) (155) (416) BCF Group continuing operations (780) (601) (306) 1,696 9 (314) (93) 397 612 602 Interest payments (18) (85) (9) 8 (104) 17 (52) 0 72 37 Tax payments (59) (87) (97) (138) (381) (67) (71) (50) (87) (275) FCF b. M&A Group continuing operations (858) (772) (412) 1,565 (476) (365) (216) 347 597 363 1. Incl. IFRS 16 92 thyssenkrupp AG | Investor Relations | December 2023 t/o IFRS 16: €118 mn t/o IFRS 16: €211 mn#93Volume KPI's of Materials Services and Steel Europe¹ 2017/18 FY 2018/19 2019/20 2020/21 2021/22 2022/23 FY FY FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Total shipments kt 11,096 9,849 8,138 9,114 2,086 2,301 2,275 2,038 8,701 2,143 2,344 2,270 2,168 8,925 MX Materials Stockholding and Processing kt 5,944 5,784 5,087 5,275 1,167 1,407 1,200 1,162 4,936 1,003 1,264 1,142 1,116 4,525 Crude Steel kt 11,839 11,286 9,859 10,866 3,059 2,460 2,547 2,420 10,486 2,513 2,567 2,641 2,627 10,349 Steel Europe AG kt 9,171 8,675 7,568 7,853 2,350 1,837 1,950 1,862 7,999 2,037 1,975 2,030 2,075 8,118 HKM kt 2,668 2,611 2,291 3,013 709 623 596 558 2,487 476 593 611 552 2,232 SE Shipments kt 11,302 10,452 8,838 9,990 2,281 2,541 2,375 2,263 9,461 1,940 2,628 2,552 2,324 9,444 Cold-rolled kt 6,995 6,572 5,964 6,519 1,484 1,609 1,524 1,484 6,101 1,254 1,647 1,597 1,541 6,040 Hot-rolled kt 4,307 3,880 2,832 3,460 798 932 851 779 3,360 685 980 956 783 3,404 Average Steel revenues per ton² 132 135 125 138 179 213 231 239 215 232 201 198 193 205 USD/EUR Aver. 1.19 1.13 1.12 1.20 1.14 1.12 1.07 1.01 1.09 1.02 1.07 1.09 1.09 1.07 USD/EUR Clos. 1.16 1.09 1.17 1.16 1.13 1.11 1.04 0.97 0.97 1.07 1.09 1.09 1.06 1.06 1. FY 2019/20 adjusted for new organizational structure as of 01.10.2020 | 2. Indexed: Q1 2004/05 = 100 93 thyssenkrupp AG | Investor Relations | December 2023#94Liquidity analysis, maturity profile of gross financial debt and reconciliation net cash as of September 30, 2023 [€ mn] Net cash +4,325 8,861 Available 1,510 committed credit facilities Cash and 7,351 cash 3,025 equivalents¹ Maturity profile of gross financial debt Total: 2,347 (w/o Lease liabilities according to IFRS 16 amounting to €678 mn) 2,347 1,589 628 678 Gross financial debt (incl. Lease liabilities) Available Liquidity 2023/24 2024/25 107 2025/26 8 2026/27 8 2027/28 7 after 2027/28 68% 27% 5% 0% 0% 0% 1. Incl. securities of €11 mn 94 thyssenkrupp AG | Investor Relations | December 2023#95thyssenkrupp rating Long-term rating Short-term rating Outlook Standard & Poor's BB B stable Moody's Ba3 not Prime positive Fitch BB- B positive 95 thyssenkrupp AG | Investor Relations | December 2023#96Re-conciliation of EBIT Q4 2022/23 from P&L [Continuing Operations, € mn] P&L structure Net sales Cost of sales SG&A, R&D 8,812 Net sales (9,437) Cost of sales (1,181) SG&A, R&D Other income/expense 33 Other income/expense Other gains/losses (13) Other gains/losses Income from operations (1,785) Income from companies using equity method Adjustm. for oper. items in fin. income/expense EBIT definition 8,812 (9,437) (1,181) 33 (13) (8) 141 Income from companies using equity method (8) EBIT (1,779) Finance income/expense 5 Finance income/expense 5 Operating items in fin. income/expense (14) EBT (1,788) = EBT (1,788) 1. Income recognized in the reporting period from the subsequent measurement of the interest-free loan acquired in connection with the Elevator reinvestment 96 thyssenkrupp AG | Investor Relations | December 2023#97Re-conciliation of EBIT FY 2022/23 from P&L [€ mn] P&L structure EBIT definition Net sales Cost of sales SG&A, R&D 37,536 (34,878) Net sales 37,536 Cost of sales (34,878) (4,342) SG&A, R&D (4,342) Other income/expense 215 Other income/expense 215 Other gains/losses Income from operations 12 (1,457) Other gains/losses 12 Income from companies using equity method (38) Adjustm. for oper. items in fin. income/expense 641 Income from companies using equity method (38) EBIT (1,431) Finance income/expense (88) Finance income/expense (88) Operating items in fin. income/expense (64) EBT (1,583) = EBT (1,583) 1. Income recognized in the reporting period from the subsequent measurement of the interest-free loan acquired in connection with the Elevator reinvestment 97 thyssenkrupp AG | Investor Relations | December 2023#98thyssenkrupp shareholder structure as of end September 2023 AKBH Foundation ~21% Investors Regional split Undisclosed Europe Rest of the World 8.5% 12.5% 4.5% UK/Ireland 4.5% Free Float ~79% Private ~15% 25.0% Investors ~64% North America International Mutual Funds 45.0% Germany incl. AKBH Foundation Source: WPHG Announcements; thyssenkrupp Shareholder ID 09/2023 98 thyssenkrupp AG | Investor Relations | December 2023#99Share and ADR Data • Shares outstanding • Type of share • Voting Share Data 622,531,741 No-par-value bearer shares. One share, one vote . ⚫ Ticker Symbol • German Security Identification Number (WKN) • ISIN Number • Exchange TKA 750 000 DE0007500001 Frankfurt, Dusseldorf ADR Data • Ratio (ordinary share:ADR) • ADR Structure • ⚫ Ticker Symbol • Cusip • • ISIN Number Exchange Depositary bank: Deutsche Bank Trust Company Americas Phone: +1 212 250 9100 (New York); +44 207 547 6500 (London) 1:1 Sponsored-Level-I TKAMY 88629Q 207 US88629Q2075 Over-the-Counter (OTC) E-mail: [email protected] Website: www.adr.db.com 99 thyssenkrupp AG | Investor Relations | December 2023#100Further Investor Relations Information IR contact: +49 201-844-536480 | [email protected] Upcoming IR Events November 27, 2023 November 30, 2023 December 6, 2023 January 8/9, 2024 January 11/12, 2024 January 17, 2024 Deutsche Börse - Deutsches Eigenkapitalforum, Frankfurt Société Générale Premium Review Conference, Paris Goldman Sachs 14th Annual European Industrials Conference, London Commerzbank and ODDO BHF, German Investment Seminar, New York ODDO BHF Forum, Lyon UniCredit Kepler Cheuvreux Conference, Frankfurt Useful IR Links Annual & Interim Reports Reporting and Publications Financial Calendar ADR Programme Bonds/Creditor Relations Useful ESG Links ESG Website Governance Presentation TCFD Reference Table SASB Reference Table Financial Calendar February 2, 2024 February 14, 2024 May 15, 2024 August 14, 2024 November 19, 2024 January 31, 2025 Annual General Meeting Interim Report 3 months 23/24 Interim Report 6 months 23/24 Interim Report 9 months 23/24 Annual Report FY 23/24 Annual General Meeting 100 thyssenkrupp AG I Investor Relations | December 2023#101Disclaimer 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 distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. This presentation is for information purposes only and the information contained herein (unless otherwise indicated) has been provided by thyssenkrupp. It does not constitute an offer to sell or the solicitation, inducement or an offer to buy shares in thyssenkrupp or any other securities. Further, it does not constitute a recommendation by thyssenkrupp or any other party to sell or buy shares in thyssenkrupp or any other securities and should not be treated as giving investment, legal, accounting, regulatory, taxation or other advice. This presentation has been prepared without reference to any particular investment objectives, financial situation, taxation position and particular needs. In case of any doubt in relation to these matters, you should consult your stockbroker, bank manager, legal adviser, accountant, taxation adviser or other independent financial adviser. The information contained in this presentation has not been independently verified, and no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information contained herein and no reliance should be placed on it. To the extent permitted by applicable law, none of thyssenkrupp or any of its affiliates, advisers, connected persons or any other person accept any liability for any loss howsoever arising (in negligence or otherwise), directly or indirectly, from this presentation or its contents or otherwise arising in connection with this presentation. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contain herein. This presentation contains forward-looking statements that are subject to risks and uncertainties. Statements contained herein that are not statements of historical fact may be deemed to be forward-looking information. When we use words such as "plan," "believe," "expect," "anticipate,” “intend," "estimate," "may" or similar expressions, we are making forward-looking statements. You should not rely on forward-looking statements because they are subject to a number of assumptions concerning future events, and are subject to a number of uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from those indicated. These factors include, but are not limited to, the following: (i) market risks: principally economic price and volume developments; (ii) dependence on performance of major customers and industries, (iii) our level of debt, management of interest rate risk and hedging against commodity price risks; (iv) costs associated with, and regulation relating to, our pension liabilities and healthcare measures; (v) environmental protection and remediation of real estate and associated with rising standards for real estate environmental protection; (vi) volatility of steel prices and dependence on the automotive industry; (vii) availability of raw materials; (viii) inflation, interest rate levels and fluctuations in exchange rates; (ix) general economic, political and business conditions and existing and future governmental regulation; and (x) the effects of competition. Any assumptions, views or opinions (including statements, projections, forecasts or other forward-looking statements) contained in this presentation represent the assumptions, views or opinions of thyssenkrupp as of the date indicated and are subject to change without notice. thyssenkrupp neither intends, nor assumes any obligation, unless required by law, to update or revise these assumptions, views or opinions in light of developments which differ from those anticipated. All information not separately sourced is from internal company data and estimates. Any data relating to past performance contained herein is no indication as to future performance. The information in this presentation is not intended to predict actual results, and no assurances are given with respect thereto. Throughout this presentation a range of financial and non-financial measures are used to assess our performance, including a number of the financial measures that are not defined under IFRS, which are termed 'Alternative Performance Measures' (APMs). Management uses these measures to monitor the group's financial performance alongside IFRS measures because they help illustrate the underlying financial performance and position of the group. These APMs should be considered in addition to, and not as a substitute for, or as superior to, measures of financial performance, financial position or cash flows reported in accordance with IFRS. APMs are not uniformly defined by all companies, including those in the group's industry. Accordingly, it may not be comparable with similarly titled measures and disclosures by other companies. 101 thyssenkrupp AG I Investor Relations | December 2023