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Oerlikon Investor Presentation

Prioritization of CAPEX investments in 1H; in line with strategy to improve capital efficiency CapEx ærlikon Depreciation & amortization¹ CapEx / depr. & amort. ratio In CHF million In CHF million -27% 66 1H19 48 1H20 0% 63 1H19 1.8 1.71 63 1.6 1.43 1.4 1.44 1.47 1.42 1.2 1.09 1.16 1.0 1.01 0.8 0.6 0.4 0.2 0.0 1H20 FY 2012 FY FY FY FY FY FY FY 1H 2013 2014 2015 2016 2017 2018 2019 2020 ☐ Surface Solutions capex was reduced substantially from CHF 51 m to CHF 26 m for the first half Manmade Fibers capex was stable at CHF ~11m 1 Depreciation & amortization excluding amortization of acquired intangible assets and depreciation related to right of use assets under IFRS16 (leasing). Additionally impairments are not included in depreciation and amortization. Page 46 Oerlikon Investor Presentation October 2020 0.76
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