Oerlikon Investor Presentation

Prepare Oerlikon for the future - - • " Become more agile and more cost efficient – Targeting significant mid-term benefits - Market Uncertainties Remain All key end markets remain attractive despite currently facing structural or market related challenges C▸ Geopolitical and trade uncertainties affecting market and regional dynamics Speed of adoption / industrializing of Additive Manufacturing Potential impact of corona virus on industrial production too early to assess Need to be more nimble to adapt to changing market environments Capital Allocation Strategy Unchanged Continued return of capital to shareholders → exceeding CHF 1.1 bn via dividends from 2015 - 2019 " ærlikon Position & Invest in the Future Initiated Oerlikon Next Level - comprehensive productivity program Consolidate and optimize organizational structure post divestments Maximize business synergies to expand market reach (cross-Business Units and Corporate Center) Simplification and standardization to improve operational efficiency Rightsizing of investments to match evolving market dynamics Continued and enhanced Operational Excellence initiatives Take advantage of technology and application investments going forward Significantly improving structural cost position and rightsizing of investments 16.0-18.0% → share buyback (2019: CHF 64 m) 15.1%1 15.0-15.5%1 " M&A: Utilize strong balance sheet and net cash position → disciplined and prudent approach towards value creating acquisitions Organic growth: Continued high level of R&D (>4 % of sales) and CapEx (2019: CHF 179 m; 2020e: ~ CHF 150 m) 14.1% 14.0-14.5% G Continue disciplined allocation approach - Maintaining significant optionality for M&A 1 before exceptional items (i.e. restructuring and one-offs) Page 36 Oerlikon Investor Presentation October 2020 FY 2019 FY 2020E 100 250 bps improvement target taking into account: + reduced dilution from investments + structural adjustments / benefits - restructuring expenses - certain market headwinds Mid-term goal

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