Investor Presentaiton

Targets for 2020 remain valid. We introduce ROCE EBIT as key performance indicator 1200 1000 800 €1.1 billion sales¹ Drivers for ROCE improvement: • · Top line growth (benefiting from megatrends) leading to higher capacity utilization Increasing share of innovative products bearing higher margins 600 €737 million sales Moderate organic sales growth and process Accelerated organic growth phase ≥15% ROCE EBITDA • optimization phase Efficiency improvement 400 200 8% ROCE EBITDA -9% ROCE EBIT Augmented by potential selective and accretive bolt on acquisitions to complement our portfolio in terms of region, technology, etc. programs driving down costs 0 2014 2020 >Min. 15% ROCE EBITDA = ~9% ROCE EBIT based on annual depreciation and amortization levels of €65-70 million following the full consolidation of SGL ACF 1 like-for-like comparison, i.e. before changes in joint venture structures 62 SGL Carbon | Investor Relations Presentation

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