Investor Presentaiton

M&A financials Acquisitions largely funded by cash flow and India equity raise Base business vs Group, €m 2024 EBITDA from M&A guidance €80m¹ RHI MAGNESITA 543 561 487 4.98 4.48 56 80 Base Business Group incl. M&A 35 Synergy targets mostly delivered within first two years Group Pro Forma EBITDA 21 2023 acquisitions 2022 acquisitions Adjusted EBITDA Adjusted EPS M&A EBITDA 2023 2024e 2025 M&A funding bridge Group net debt bridge, €m 1,163 258 78 8 30 29 88 100 325 1,304 M&A Net debt impact €314m 2 Net Debt RHIM Dividends Others FY 2022 Group FCF M&A Consideration M&A Net Debt M&A Working Capital M&A CF India Equity Raise Net Debt FY 2023 Investor Presentation | March 2024 Completion dates Chongqing MIRECO SORMAS DBRL Hi-Tech Dalmia GSB Jinan New Emei Seven P-D Refractories Jan- 22 Mar May- Jul- Sep- Nov- Jan- Mar- May- Jul- Sep- Dec- Jan- Mar- 22 22 22 22 22 23 23 23 23 23 23 24 24 1. €80m guidance Includes EBITDA contribution from 2023 M&A only - DBRL, Hi-Tech, New Emei. Dalmia GSB, Seven, P-D Refractories 2. Others include: FX €1 million, Right of use assets €15m plus others €(9)million 24 24

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