Investor Relations Presentation

Business 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

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