Business Development and Outlook

voestalpine GROUP DEVELOPMENT CASH FLOW BY 2020/21 2020/04/01-2021/03/31 BY 2021/22 2021/04/01-2022/03/31 Cash flow from results 1,001 1,842 Changes in working capital 633 -599 Cash flow from operating activities 1,634 1,243 Cash flow from investing activities -582 -634 Free cash flow 1,052 609 In millions of euros voestalpine AG 12 | June 2022 Investor Relations voestalpine ONE STEP AHEAD.

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