Investor Presentaiton

Return on invested capital Group ROIC1 Average Invested Capital (€m) NOPAT (€m) ROIC (%) 2023 2,854 2022 2,439 305 301 10.7% 12.3% Vertical integration ROIC 2023 2022 Average Invested Capital (€m) 483 424 NOPAT (Єm) 43 60 ROIC (%) 8.9% 14.1% Refractory ROIC Average Invested Capital (€m) NOPAT (€m) ROIC (%) Investor Presentation | March 2024 2023 2022 2,371 2,034 262 242 11.0% 11.9% 1. ROIC is an Alternative Performance Metric ("APM"), see Annual Report 2023 for definitions and reconciliations of APMs RHI MAGNESITA 50

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