Thyssenkrupp Investor Presentation — February 2021

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Charts on Q1 FY 2020/21

Ticker: TKA (Share) TKAMY (ADR )

| thyssenkrupp AG l February 2021Portfolio

oAll options –stand -alone, sale, spin -off –under value assessment

oHeavy Plate: closure initiated, completion expected until end of FY

oMining equipment: start of due diligence with bidder

oChemical plants: M&A stopped given promising dynamics for Water Electrolysis

business for green Hydrogen production -project funnel expandingQ1: Dynamic market (auto) tailwinds –EBIT adj. and FCF in + veterritory and above expectations

•EBIT adj. €78 mn–all segments (except MT) with positive contribution –by demand recovery and value lever execution

•Positive FCF bef. M&A €32 mn–by stringent cash control, tight NWC mgmt.

•Net Cash unchanged at €5.1 bnPerformance

raise•FY Outlook lifted up due to better than anticipated performance in Q1

oFY EBIT adj. towards break -even (before: “mid 3 -digit –ve”); all segments (except MT) improving and + ve

oFCF bef. M&A towards ~€ (1) bn–ve(before: “~€(1.5) bn–ve”)

Hydrogen: 80 MW Water Electrolysis

engineering contract (Jan 21 ) ELAN Hydro -Québec3

| thyssenkrupp AG l February 2021Dynamic markets and strong execution of effective Value Levers drive performance turnaround

1. Target of 11,000 FTEs until FY 22/23 Q1 19/20 Q4 19/20 Q1 20/21EBIT adj.

Higher demand also by market share gains mainly at cyclical auto/truck

related businesses (AT, IC, SE)

Efficiency and restructuring initiatives under execution and on schedule

Further headcount reduction of 560 FTEs (~50% in Germany) in Q1

Total headcount reduction by ~5,500 FTEs yoy;

thereof >4,200 FTEs of current target (11,000 FTEs1) already achieved

•Performance turnaround

•Tight NWC mgmt. incl. early customer payments

•Inventory levels not yet fully aligned with faster than anticipated

market dynamicsNet Cash

| thyssenkrupp AG l February 2021Order intake significantly up after pandemic induced shutdown in Q3, but still below prior year

MX: Higher warehousing shipments, offset by lower

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