Thyssenkrupp AG Investor Presentation — May 2021

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Charts on Q2 FY 2020/21

Ticker: TKA (Share) TKAMY (ADR )

| thyssenkrupp AG l May 2021+0.1 bn+17%

(0.8) bn+10%thyssenkrupp’s performance reflects strong operational progress and turnaround

7,3 7,68,6 Q215,9 15,9

H1 19/20 H1 20/21Sales

+2.1 bnStrong demand recovery; sig. uplift in Materials and Auto/Trucks related components

Higher prices; better utilization; structural improvements; strong customer demand requires NWC build -upEBIT adj.

| thyssenkrupp AG l May 2021Dynamic market (auto and materials) tailwinds + effective restructuring drive performance turnaround

•EBIT adj., significant uplift: in mid 3-digit € mn range (vs. prior FY €(1.8 bn)) ; all segments up and + ve(except MT)

•FCF bef. M&A, guidance confirmed: towards €(1) bn(vs. prior FY € (5.5 bn)); higher EBIT adj. offset by

temporary higher spending for NWC ( market related), Invest, restructuring (H2 > H1)Q2

raised•EBIT adj. at €220 mn ( QoQ: +€142 mn; YoY: +€499 mn) –all segments up (except MS) and + ve(except MT)

Q1+97 +46 +83 +228 -1 +20 +26 ΔYoY +499

•FCF bef. M&A at €(750) mn(QoQ: €(782) mn; YoY: €(383) mn) –higher EBIT adj. offset by

NWC build -up (~€700 mn) and Invest above D/A by ~€140 mn4

| thyssenkrupp AG l May 2021Order intake significantly up yoy

MX: Higher prices for carbon and stainless steel ;

direct -to-customer business significant higher

IC: Sig. up due to ongoing positive order situation at

bearings for wind energy and also in industrial

applications as well as further strong demand

recovery across all regions and product groups at

AT: Sig. up yoyat steering, camshafts and dampers as

well as Automotive Body Solutions with ongoing

support from good demand in China ; impact from

supply chain shortages (semiconductor products)

SE:Higher volumes and prices in particular at Auto

customers; lower demand at Industry

MS: Significantly better yoy due to a Submarine order

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