Thyssenkrupp AG Investor Presentation — November 2020

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Charts on Q4 FY 2019/20

Ticker: TKA (Share) TKAMY (ADR )

| thyssenkrupp AG l November 2020FY 19/20 with important achievements

1.Already includes 3,600 FTEs from defined initiatives in FY 19/20Balance Sheet

fixedTransformation of balance sheet >€5 bnNet Cash and >€ 10 bnEquity at fiscal year -end

•De-risking and regaining of strength allow for further restructuring, portfolio development and business evolution

enhancingValue levers for structural improvements in FY 20/21 and beyond in implementation

ESG -Work towards climate neutrality with strong concepts “tkH2Steel” and H2electrolysisFocus on efficiency and costs , headcount reduction ~5,700 in FY 19/20

•Acceleration going forward with increased target as next step to a total of ~11,000 FTEs1Restructuring

progressing Group of Companies concept to support turnaround and true performance culture

•M&A for best -owner solutions progressingTarget Portfolio

| thyssenkrupp AG l November 2020FY 19/20: stringent implementation of initiatives to reduce costs and push efficiency

2020Restru . Corp. HQ

“tkH2Steel”Restru . SY enlarged

for FY 19/20FTE reduction

next step to a total of

| thyssenkrupp AG l November 2020Restructuring with a clear plan and progressing

Acceleration going forward with target increased as next step to a total of ~11,000 FTEs

[€ mn]209148325 293~200~600R1

until 22/23 E 20/21 E 19/20•Until end of FY 19/20 already >50% of 6,000

achieved (~3,600 FTEs)

•In total, ~5,700 headcounts within FY 19/20

•In FY 19/20 >60% of required total expenses

•FY 20/21 with yoyhigher cash -out for restru .

•Total sustainable cost benefit from

restructuring in mid-high 3 -digit € mnrange

1. Including 3,600 from defined initiatives as well as fluctuation and additional FTE reduction high

FY 22/23~6,000~1,600

FY 19/20 New targetGermany

3-digit € mnmid to high

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