Investor Presentaiton

SFP targets cost savings of approx. CHF 200m by 20181 with implementation costs of 1.0–1.2x SULZER (in CHF millions) Targeted cost savings 36 ~160-200. Steady state 2018 going forward -200 Previous range given CHF 120-180m -60-80 ~100-120 ~60-80 2015 2016 2017 2018 Expected implementation -40-60 costs 79.5 -80-90 1. Pre market impact Agenda Introduction to Sulzer Market Update Sulzer Full Potential Key Financials Outlook 19 Bond Investor Presentation 20 20 SULZER Bond Investor Presentation

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