Oerlikon Investor Presentation

Our Priority: adjust the structural cost base in order to return to 16 - 18% Group EBITDA margin ærlikon Program is focused on Surface Solutions Optimization focus areas: HQ and support function optimization Structural footprint and legal entity rationalization Rightsizing Additive Manufacturing Procurement synergies Total program annuity run-rate EBITDA savings CHF ~60 m ☐ One-time implementation cost CHF ~60 m* Expecting to complete -85% of headcount reduction (800 employees) by the end of 4Q20 *CHF 25m booked in 2019, CHF 21m booked in 1H20, CHF 14m planned for 2H20 Page 39 Oerlikon Investor Presentation October 2020

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