Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share EAF New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to Commission f ...

Start Time: 10:00 January 1, 0000 10:45 AM ET GrafTech International Ltd. (NYSE:EAF) Q4 2021 Earnings Conference Call February 04, 2022, 10:00 AM ET Company Participants David Rintoul - President and CEO Timothy Flanagan - CFO, VP Finance and Treasurer Quinn Coburn - SVP Jeremy Halford - EVP, COO Adam Dible - Assistant Controller and Chief Accounting Officer Conference Call Participants David Gagliano - BMO Capital Markets Arun Viswanathan - RBC Capital Markets Alex Hacking - Citi Michael Glick - JPMorgan O ...

Financial Data and Key Metrics Changes - Net income for Q3 2021 totaled $120 million, or $0.45 per GAAP earnings per share, with adjusted EBITDA of $172 million, reflecting a $19 million increase compared to Q3 2020 and an adjusted EBITDA margin of 50% [19][20] - Operating cash flow was strong at $134 million, with adjusted free cash flow of $125 million, achieving a 73% conversion rate of adjusted EBITDA to adjusted free cash flow [20][21] - Total debt was reduced by $100 million in Q3, with a year-to-date reduction of $300 million, resulting in a total debt to adjusted EBITDA ratio of 1.7 times [21][22] Business Line Data and Key Metrics Changes - Sales volumes of graphite electrodes reached 43,000 metric tons in Q3 2021, up 30% compared to Q3 2020, with shipments comprising 28,000 metric tons under long-term agreements (LTAs) at an average price of approximately $9,500 per metric ton and 15,000 metric tons of non-LTA sales at an average price of approximately $4,600 per metric ton [12][19] - Non-LTA prices increased by 12% in Q3 compared to Q2, with expectations for an additional increase of 7% to 9% in Q4 [10][12] Market Data and Key Metrics Changes - The global steel manufacturing utilization rate outside of China was 74% in Q3 2021, consistent with 75% in Q2 and a 15% improvement compared to Q3 2020 [6] - US steel industry utilization rates improved to 85% in Q3 from 82% in Q2 2021, compared to 65% in the prior year quarter [6] Company Strategy and Development Direction - The company is focused on enhancing its capital allocation strategy, which includes returning capital to shareholders while investing in business and reducing debt [24][26] - GrafTech aims to leverage its competitive advantages, including a low-cost structure and vertical integration into key raw materials, to position itself for long-term growth [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to manage through inflationary pressures and global supply chain challenges, while anticipating significantly higher graphite electrode prices in 2022 [7][8][25] - The company expects strong demand for graphite electrodes to continue, driven by the recovery in the steel industry and the growth of electric arc furnaces [25][27] Other Important Information - The company announced a new $150 million open market stock repurchase program, bringing the total authorized repurchase amount to $163 million [22][23] - A succession plan for the CFO was discussed, with Tim Flanagan set to replace Quinn Coburn, who will retire next year [4] Q&A Session Summary Question: Near-term pricing and volume pricing details - The CFO clarified that 75% of non-LTA business in Q3 was based on prior negotiations, leading to a larger percentage increase in pricing than reported [30][31] Question: Cost expectations for Q4 - The CFO indicated that total cost increases in Q4 are expected to be similar to previous quarters, around 1.5% to 2% [36] Question: Commercial strategy for next year - Management discussed the mix of annual, semi-annual, and quarterly agreements in the order book for next year, emphasizing the reset in pricing due to improved market conditions [40][42] Question: Needle coke availability and pricing - Management acknowledged tightness in the needle coke market and expected upward pressure on prices due to increased demand from various sectors, including EV production [46][59] Question: Contracting environment and customer expectations - Management noted that discussions regarding existing LTAs would likely not occur until late 2022, as customers are hedged and waiting to see market conditions [50][52]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value per share EAF New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended September 30, 2021 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition p ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value per share EAF New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended June 30, 2021 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period ...

GrafTech International Ltd. (NYSE:EAF) Q1 2021 Earnings Conference Call May 5, 2021 10:00 AM ET Company Participants Wendy Watson - Vice President of Investor Relations and Corporate Communications David Rintoul - President and Chief Executive Officer Jeremy Halford - Senior Vice President of Operations and Development Quinn Coburn - Vice President of Finance and Chief Financial Officer Conference Call Participants Curtis Woodworth - Credit Suisse AG Arun Viswanathan - RBC Capital Markets David Gagliano - B ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value per share EAF New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended March 31, 2021 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition perio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to Commission file number: 1-13888 GRAFTECH INTERNATIONAL LTD. (Exact name of registrant as specified in its charter) Delaware 27-2496053 (State or other jurisdict ...

Financial Data and Key Metrics Changes - Fourth quarter 2020 net sales were $338 million, an 18% sequential improvement from the third quarter [19] - Full-year EPS was $1.62, with fourth quarter net income of $125 million, up 33% from the third quarter [21] - Fourth quarter adjusted EBITDA was $176 million, up 15% from the third quarter [21] - Free cash flow for the full year was $528 million, with fourth quarter free cash flow of $142 million, also up 15% from the third quarter [21][22] Business Line Data and Key Metrics Changes - Production and sales volumes of graphite electrodes improved to 36,000 metric tons produced and 37,000 metric tons shipped in the fourth quarter [19] - Fourth quarter LTA shipments were 31,000 metric tons, while full-year LTA shipments totaled 113,000 metric tons [20] Market Data and Key Metrics Changes - Fourth quarter global steel production outside of China improved to 211 million tons from 191 million tons in the third quarter [13] - USA hot-rolled coil values were approximately $1,160 to $1,180 per ton, up over 75% in the fourth quarter [14] - Black Sea billet prices were approximately $540 to $560 per metric ton, up over 30% in the fourth quarter [14] Company Strategy and Development Direction - The company aims to maintain a strong balance sheet and reduce debt while investing in high-return operational improvements [25][36] - GrafTech focuses on providing superior services and solutions to customers, with a commitment to health and safety as a core value [6][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in the steel market and its positive impact on the graphite electrode market later in 2021 [14][30] - The company anticipates continued cash flow generation in 2021, primarily directed towards debt reduction [25][36] Other Important Information - GrafTech reduced its debt by $400 million in 2020 and ended the year with total liquidity of approximately $392 million [23][24] - The company plans to publish its second annual sustainability report later in the year [12] Q&A Session Summary Question: Update on spot pricing in electrodes and needle coke - Management noted a lag in pricing improvements but expressed optimism for 2021 as pricing is expected to improve [30] Question: Current inventory position with customers - Management indicated that inventory levels have been significantly worked down and are approaching normal levels [31] Question: Expectations for merchant and spot volumes - Management is cautiously optimistic about an increase in spot business in 2021 compared to 2020 [32] Question: Capital allocation priorities for 2021 - The focus will be on maintaining a strong balance sheet and reducing debt, with potential for returning cash to shareholders later [36] Question: Optimal capital structure and potential for shareholder returns - Management is comfortable operating below a leverage level of 2x to 2.5x and will assess the timing for returning cash to shareholders [40][41] Question: Volume expectations for the first quarter - Management expects steady improvement quarter-over-quarter throughout the year, with no significant increase in Q1 [46] Question: Future capital projects and CapEx levels - Management views the current CapEx level as sustainable and does not foresee significant increases in the near future [49] Question: Long-term contracts and customer interest - Management plans to continue offering long-term contracts and believes there is still demand for such arrangements [51][52]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value per share EAF New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended September 30, 2020 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition p ...