Thyssenkrupp : Governance Dialog (nur in englischer Sprache)

Investor Dialogue

on Corporate Governance and Sustainability

Ticker: TKA (Share) TKAMY (ADR)

Investor Relations | February 2024

We are committed to realize value for our shareholders

What we build on …

1	2
LEADING TECHNOLOGIES,	STRONG TIES WITH LONG-
PRODUCTS AND SERVICES	STANDING CUSTOMER BASE

3	4
PERFORMANCE-ORIENTED	STRONG BALANCE SHEET
TRANSFORMATION WITH	WITH NET CASH POSITION2
EXECUTION TRACK RECORD

5

COMPETENCIES FOR GREEN TRANSFORMATION

• Strong materials and engineering expertise as well as digital competence
• H2 electrolysis; efficient process technologies (e.g. ammonia)
• Mission critical components for advanced mobility, wind energy

• Strong customer trust on the back of our more than 200 years expertise in engineering and technology
• Well-knownand diverse customers in NA, EU and CHN which stand for >85 % of our sales1

• Full commitment to both	• Equity ratio of 36.2%;
performance on benchmark	Net cash of €3.8 bn;
level for each segment and	total liquidity of €7.9 bn
sustainable free cash flow	• Dividend payment a clear
• Performance program APEX	target
designed to carry us to our

mid term-targets and beyond

• Restructuring target to

reduce ~13,000 FTEs in

• Enabler and profiteer from energy transition/ decarbonization
• ESG as Executive Board priority and integrated at all businesses
• Clear SBTi-approved concept to reach climate neutrality by 2050

• Premium steel, diverse industrial materials, innovative supply chain services

execution and ~90 % already

achieved

1. Based on sales FY 22/23 l 2. As of 31.12.2023 thyssenkrupp
2. | February 2024

Content

Transformation of	X-X
	Page
Transformation of thyssenkrupp	04-08

Governance: Supervisory Board, Compliance

10-22

Corporate Sustainability

24-31

Additional information

33-51

Transforming to sustained value creation and crystallization

Investment highlights

Performance-oriented transformation with execution track record

Full commitment to both performance on benchmark level for each segment and sustainable free cash flow

Strong materials and engineering expertise as well as digital competence as base for profitable growth

Enabler and profiteer from energy transition

ESG as Board priority and integrated at all businesses

Dividend payment a clear target

Note: From FY 23/24 onwards there is a new group structure in place

thyssenkrupp

4 | February 2024

AT

MSDT

SEMX

thyssenkrupp Group structure

FY 22/23: Sales of €37.5 bn, EBIT adj. of €703 mn

ATDT

MX

SEMS

SALES

EBIT

ADJ.

AUTOMOTIVE

TECHNOLOGY

€7.9 bn

€266 mn

One of the leading suppliers (e.g. high-tech components and systems) and engineering partners to the international auto industry

DECARBON

TECHNOLOGIES

€3.4 bn

€29 mn

Leading businesses with key technologies to enable Green Transformation at our customers across industries

MATERIALS

SERVICES

€13.6 bn

€178 mn

One of the world's leading mill-independent materials distributors and service providers with ~250,000 customers

STEEL

EUROPE

€12.4 bn

€319 mn

Largest integrated European steel mill strategically located in the center of Europe with a future leading role in decarbonization of the steel industry

MARINE

SYSTEMS

€1.8 bn

€73 mn

Industry leading Maritime Portfolio

thyssenkrupp

5 | February 2024

thyssenkrupp pursues a holistic approach to sustainability on Group and Business level and manages Stakeholder expectations actively by transparency, communication and strategic positioning

									Society &
Customers & other		Environment/						People/
						(potential) Employees
Business Partners		Climate Protection	Climate targets &		Equal opportunities	Employee
			CO2 reduction			& diversity
					Occupational
	Careful use of					Safety & Health
					Human rights &
raw materials and energy
				fair working conditions
ESG in global		Environment	Sustainability	Social	Green Finance
supply chains					@tk

Sustainable

Supply Chain

	Governance	Public Funding
Responsible	Reporting & Ratings	Sustainable
	Finance
sourcing of materials
Compliance		Risk
Internal control	management

	Good Corporate
Politics,	Governance	Capital &
Legislation & Regulation		Financial Market

thyssenkrupp

6 | February 2024

We create ESG impact…

Environment

• Aim to become climate neutral by 2050 at the latest and set ambitious targets for 2030
• • -30%scope 1+2 emissions until 2030
  • -16%scope 3 emissions until 2030

• ➢ Climate targets SBTi-approved

• Enable our customers' transformation to climate neutrality with
  − CCU technologies: e.g. Carbon2Chem®
  − CDA technologies: e.g. H2 electrolysis, green ammonia
  − CO2 reduced products: e.g. bluemint® steel
• High-qualitydisclosure of climate and environmental data
  − Integrated reporting
  − CDP "Climate A list"
  − TCFD and SASB reports

Social

• Occupational safety and health
• • Zero compromise on safety and health
• Further employee pulse check carried out in 2023
• Human rights (HR)
• • UN Global Compact signatory
  • International Framework Agreement on global minimum labor standards at tk
  • tk Code of Conduct (CoC)
  • Supplier CoC and risk-based
    due diligence process for suppliers
  • Principles of compliance with HR and environmental due diligence requirements
  • Modern Slavery Statement
• Diversity
• • Target: 17% women in leadership positions until 2025/26
  • Already achieved: EB 20% / SB 40% women

Governance

• Corporate Governance
• • Sustainability a Board responsibility
  • Sustainability in SB skill matrix
  • Remuneration linked to ESG targets
  • Fully compliant with German CG Codex
  • Commitment to active shareholder dialogue (e.g. Governance Roadshow)
• One share = One vote at the AGM
• State-of-the-artCompliance Management system; responsibility anchored in each group company
• Data protection and information security
• • Group-widedata protection organization; privacy-by-design approach
  • In-houseCyber Defense Center

thyssenkrupp

7 | February 2024

Promising growth and value opportunities from multiple transformational trends in our portfolio

For which tk with more than 200 years expertise in engineering and technology is ready to enable and capitalize on

Green Energy and Decarbonization

Advanced Mobility

Digitalization

Electrolysis (tk nucera) Technology leader in industrial scale (GW) plants

• • Alkaline Water Electrolysis
• Green Ammonia, H2/energy carrier, fertilizer (Uhde)
  Technology leader
• • NH3 plants (up to 5,000 mtpd)
  • NH3 Cracker
• Green Cement Industry Trans-
  formation/CO2 capture (Polysius) Technology leader
• • Oxyfuel technology
• Renewable Energy (Rothe Erde) Leading position in bearings for e.g. wind turbines
• • On-/off-shoretechnology

• CO2 reduced steel (SE) Green steel roadmap defined
• • Started: CO2 reduction measures (e.g. substitution of PCI by H2)
  • 1st DR plant planned for 2027
  • Climate neutrality by 2045 bluemint® Steel since 2021
  • up to 70% lower CO2 intensity
• Materials Distribution (MX) First mover in
• • supplying CO2 reduced materials
  • CO2 optimized supply chains

• E-mobility /
  automated driving (AT, SE) Leading positions in
• • Electrical steering
  • Compressor for air condition
  • Rotor shafts
  • Electrical Steel for e-engines
• Lightweight Solutions (AT, SE) Quality leader in
• • High-strengthsteel for car bodies and safety critical parts

• Digital Services (MX, AT, Uhde, Polysius)
  State-of-the-art
• • Dig. offerings for resilient supply chain solutions
  • Remote condition monitoring
• Digital Products (AT) Inhouse software expertise
• • Vehicle Motion Control
    (i.a. EP Steering and Fully Active Damper)

thyssenkrupp

8 | February 2024

Content

Transformation of	X-X
	Page
Transformation of thyssenkrupp	04-08

Governance: Supervisory Board, Compliance

10-22

Corporate Sustainability

24-31

Additional information

33-51

thyssenkrupp Supervisory Board - Priorities and Standards

Priorities

• Supporting thyssenkrupp in transforming to sustained value creation with a future-proof portfolio
• Frequent monitoring of reporting and risk management (incl. Internal Control System; Compliance)
• Capital investment planning

"Advance tk's transformation to a performance-driven and agile organisation with clear accountability at all management positions and with higher speed and quality

in decision making."

Prof. Dr.-Ing.Dr.-Ing. E.h. Siegfried Russwurm Chairman of the Supervisory Board thyssenkrupp AG

Standards

Supervisory Board (Control):

• Oversees and advises Executive Board
• Directly involved in decisions on matters of fundamental importance to the company
• Significant reservations of approval
• Involvement in discussion and approval of Group strategy
• Responsible for the remuneration system of the Executive Board

Reports

Advises, Oversees

Appoints, Dismisses

Executive Board (Operative):

• Develops and executes Group strategy
• Operates the company within frame set by supervisory board
• Full operational accountability

thyssenkrupp

10 | February 2024