Thyssenkrupp Investor Presentation — August 2020

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Charts on Q3 FY 2019/20

Ticker: TKA (Share) TKAMY (ADR)

| August 2020Next strategic milestones achieved –however, pandemic with sig. effects on operations

•Materials and components businesses (particularly auto related) sig. hit by demand shortfalls and production stoppages

−Order Intake €4,793 mn [€8,221 mn]

−EBIT adj. €(679) mn [€(13) mn]

−FCF bef. M&A €(1,238) mn [€(335) mn]Q3

Operations1•Q4:depending on speed of production resumption by our customers, almost all businesses stable or with slight improvement qoq;

possible exception by SE

•FY EBIT adj.: –ve€(1.7) bnto €(1.9) bn [€(0.1) bn], mainly impacted by SE with a loss of up to a good €(1) bn [€31 mn]

•FY FCF bef. M&A: –ve€(5.0) bnto €(6.0) bn [€(1.8) bn], incl. impact from normalization of NWC (incl. factoring) by ~€2.5 bn•Transformation of balance sheet (effective in Q4)

−Net Cash position from Net Debt effect of €15.4 bn; equity uplift by >€14 bn; pension liabilities reduction of €0.4 bnET Sale

Performance•Group of Companies: more focused target portfolio defined (May 19) based on performance potential

−Multi Tracks: businesses with total sales of €6 bnand sig. cash burn identified for best- owner solutions

•Operational improvements in all businesses is key

−Restructuring at cont. operations as planned, acceleration across all businesses going forward

−Financial targets and value levers for businesses to be released in November

•Termination of disproportionate NWC measures (incl. factoring);

normalization for more structural management, transparency, cost reduction

1. Figures in square brackets refer to prior year3

| August 2020Order intake hit by pandemic effects on customers in particular at Components and Materials

AT: Demand decline in Europe and NAFTA; China with slight

recovery since end of April

IC: Cyclical downturn and pandemic -induced decline at Forged

Technologies (crankshafts for heavy duty engines,

undercarriages) overcompensate good order situation at

bearings (wind energy)

ET: Growth in NI in US and China as well as modernization in

Asia Pacific; slower demand in Europe due to pandemic

PT:Down yoy due to large orders in prior year (fertilizer plants

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