Investor Presentaiton

2024 guidance detail P&L Revenues (i) Volumes Revenues (ii) Pricing Depreciation EBITDA from 2023 M&A Adjusted EBITA margin Adjusted EBITA Amortisation Finance charges Adjusted tax rate Balance sheet and cash flow Capital expenditure incl. Digital Working capital intensity4 Gearing RHI MAGNESITA 2024 guidance Base business flat volumes, M&A full year effect adds 10% Pricing pressure to patially offset benefit of M&A c. €140m €80m c.11% c.€410m c. €40m c.€85m1.2 23-25% 2023 actual 3% revenue decline from volumes 13% revenue growth from pricing and M&A €134m €35m 11.4% €409m €44m €61m 24% 1. Guidance excludes any impact from FX e.g. balance sheet translation and derivatives €170m³ c.24% 2.0-2.5x €180m 24.2% 2.3x pro forma 2. Comprises Net interest expense c. €(50)m and other adjusted net financial expenses c. €35m including pension expense, present value adjustments, factoring costs, non-controlling interest expense 3. Capital expenditure comprises c.€60m maintenance capex, €80m project capex and c. €30m M&A 4. Defined as working capital as a percentage of last three months of annualised revenue and includes factoring and forfaiting Investor Presentation | March 2024 51

View entire presentation