Thyssenkrupp Investor Presentation — May 2020

Document content

Charts on Q2 FY 2019/20

Ticker: TKA (Share) TKAMY (ADR )

| May 2020•In already challenging trading conditions for Steel Europe and Automotive Technology pandemic with clear impactnewtk progressing –but: Pandemic with clear impact on operations and financials already in Q2

•Automotive Technology SP: Site closure in Germany and reduction of 490 FTE decided

•Steel Europe Headcount reduction under Strategy 20 -30 started (up to 3,000 FTE); HP: Sell or Close until end of FY21

•Corporate Headquarters 177 FTE carried to transfer company, confirming targeted headcount reduction to 430

•Elevator Sale Approval by 8/13 merger control authorities obtained (i.e. US, CAN, CN); Closing expected before end of FY

•Plant Technology Best-owner process: indicative offers received from potential strategic buyers

•Results of portfolio assessment will be released post Supervisory Board meeting on May 19th

1. Cash and cash equivalents of €2.5 bnand €2.0 bnavailable committed credit facilities l 2. KfWand bank consortium Group financials

Outlook•High uncertainties: Extent of consequences from pandemic particularly on our auto -related materials and components

businesses not reliably assessable yet

Significant decline of financial KPIs for Q3 and FY expected

•Closing of Elevator sale will lead to a significant uplift in our book value of equity and a net cash position PY

−Order Intake 9,542 10,360

−Sales 10,108 10,638Performance

•Solid financial liquidity of €4.5 bnas of 31.03.1; additionally €1 bnsyndicated loan signed2for flexible access to liquidityPY

−FCF bef. M&A (209) 233

| May 2020Order intake below prior year mainly by components and materials businesses

AT: Challenging car demand conditions and pandemic -induced

demand drops in China and Europe outweighs effects from

ramp -up of new plants and projects at Steering and

IC: Cyclical downturn at Forged Technologies (crankshafts for

heavy duty engines, undercarriages) and pandemic -induced

decline overcompensate good order situation at bearings

ET: Growth in NI and steady service business both in Europe

and US; slower demand in Asia, especially China due to

pandemic ; order backlog (excl. Service) on new record level

PT: Down yoydue to slower customer activity in our Mining

operations; Cement with medium -sized order in Cameroon,

Preview truncated — download the full document for the complete content.