Investor Presentaiton

Industrial business overview Restored gross margin of 27.7% due to catch-up price effects and later cycle timing Revenue €m 27.7% 26.1% 25.6% 17% 1,111 946 424 729 378 322 687 568 Cement/Lime Industrial Projects 407 Gross margin (%) 2021 2022 2023 Investor Presentation | March 2024 RHI MAGNESITA ■ Industrial segment revenue including minerals sales increased by 17% to €1,111 million (+20% in constant currency) Gross margin 210bps higher versus FY 2022 ◆ Strong performance in Cement & Lime driven by DBRL acquisition in India - 25% increase in Cement & Lime shipped volumes Strong performance in Industrial Projects, restored prices offsetting softer volumes 19

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