Financial Data and Key Metrics Changes - In the first half of the year, sales were €19.1 billion, slightly below last year, but Q2 sales increased by 12% quarter-on-quarter [17] - EBITDA adjusted and EBIT adjusted were considerably lower year-on-year due to normalization of material prices at Materials Services and Steel Europe [19] - Free cash flow before M&A improved by more than €500 million, with a year-on-year increase of over €1 billion [20][21] - The company achieved a net cash position of €2.9 billion and improved its equity ratio to 39.8% [21] Business Line Data and Key Metrics Changes - Materials Services was affected by lower prices but saw improved EBIT adjusted quarter-on-quarter due to demand recovery and efficiency efforts [28] - Automotive Technology experienced a substantial increase of €86 million year-on-year, reflecting increased customer demand and operational improvements [30] - Steel Europe saw EBIT adjusted decrease by €493 million year-on-year, attributed to lower market prices and cost moving average effects [31] - Marine Systems continued its positive trend with an increase of €11 million year-on-year [32] - Multi Tracks reported a profit of €7 million in EBIT adjusted for the first time, supported by restructuring measures [33] Market Data and Key Metrics Changes - The company noted that fears of recession have slowed down, with GDP predictions for main regions improving [34] - The steel market is expected to stabilize, with contract renegotiations scheduled for January and April [91] - Automotive market volumes increased compared to the previous year, although supply chain issues persist [94] Company Strategy and Development Direction - The company is focused on maximizing the value and development of its businesses, including potential adjustments to ownership structures [13] - The strategic focus includes leveraging technological expertise for opportunities in the green transformation, particularly in hydrogen [12] - The company aims to maintain a solid balance sheet to navigate the macro environment and seize strategic opportunities [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the successful transformation and improved financial KPIs [6][47] - The company expects improving market conditions and a step-up in earnings for Q3 [35] - Management emphasized the importance of execution in the next phase of transformation, with a focus on operational performance [72] Other Important Information - The company has undergone significant restructuring, with a headcount reduction of more than 10,500 [25] - The preferred option for thyssenkrupp nucera remains an IPO, contingent on capital market conditions [61] - The company is exploring partnerships in the steel business to address economic and ecological challenges [14] Q&A Session Summary Question: What value can potential partners bring to Steel Europe? - Management indicated that partners with access to hydrogen and ammonia could create synergies in steel production [52][54] Question: What are the key focus points in discussions with third parties? - The focus is on synergies in the industrial base, particularly in energy-intensive processes [56] Question: What drove the positive result in Multi Tracks? - The positive result was attributed to operational improvements, but future quarters may not reflect the same level of performance [60] Question: What is the trajectory of restructuring costs? - Restructuring costs are expected to decrease in the next fiscal year, potentially reaching a two-digit million euro figure [60] Question: What is the status of the joint venture negotiations with a Japanese partner? - Discussions are ongoing, with due diligence being more complex than anticipated [97] Question: What was the positive one-time effect on Q2 results? - A mid-2-digit million amount from a settlement regarding a quality issue with a supplier was recognized [98] Question: How are rising interest rates affecting the balance sheet? - Rising interest rates resulted in a €350 million impairment for Steel Europe, linked to the overall cash-generating unit [100] Question: Are there plans for divestment of stakes in Elevator? - There are currently no plans for divestment, although the company is free to sell stakes if desired [107]

Q1 2022/23 Results NEW ST THE I HULLE GO SELVEN I Conference Call ALBUTION CONSULTION CONSULTION CONTR Ticker: TKA (Share) TKAMY (ADR) February 2023 ng. tomorrow. STERES Q1: A confirming start into FY 2022/23 (I) EBIT adj. for all businesses in line with our forecast – FCF bef. M&A ahead of our forecast Normalization of material prices (at Materials Services) drive EBIT adj. development YoY Performance | --- | --- | --- | --- | |---------|---------------------------|-------------------------|--------------| ...

thyssenkrupp AG (OTCPK:TYEKF) Q1 2023 Earnings Conference Call February 14, 2023 5:00 AM ET Company Participants Claus Ehrenbeck - Investor Relations Klaus Keysberg - Chief Financial Officer Conference Call Participants Ingo Schachel - Exane BNP Paribas Jason Fairclough - Bank of America Bastian Synagowitz - Deutsche Bank Alain Gabriel - Morgan Stanley Tom Zhang - Barclays Rochus Brauneiser - Kepler Cheuvreux Operator Ladies and gentlemen, welcome to the thyssenkrupp Conference Call Interim Report First Qua ...

Call Start: 08:00 January 1, 0000 9:43 AM ET thyssenkrupp AG (OTCPK:TYEKF) Q4 2022 Earnings Conference Call November 17, 2022 08:00 AM ET Company Participants Claus Ehrenbeck - Investor Relations Martina Merz - CEO Klaus Keysberg - Chief Financial Officer Conference Call Participants Bastian Synagowitz - Deutsche Bank Jason Fairclough - Bank of from America Alain Gabriel - Morgan Stanley Tom Zhang - Barclays Christian Obst - Baader Bank Rochus Brauneiser - Kepler Cheuvreux Operator Dear ladies and gentlemen ...

Financial Data and Key Metrics Changes - The company reported a significant year-on-year increase in order intake of 34% and EBIT of 237% [4] - Year-to-date sales improved by €8.6 billion and US$6 billion, with a 9-month order intake of €33.9 billion and sales totaling €30.6 billion [9] - EBITDA adjusted for the first 9 months was €2.6 billion, with EBIT adjusted at €1.9 billion and a margin of 6.2% [10] - Net income improved by €0.9 billion year-on-year to €0.8 billion, despite impairments of €0.5 billion mainly in steel operations [10] Business Line Data and Key Metrics Changes - Materials Services achieved an EBIT adjusted of €386 million, primarily due to record margin levels despite a decline in volumes [16] - Steel Europe generated an EBIT adjusted of €376 million, significantly higher year-on-year due to higher spreads and contract prices [19] - Automotive Technologies reported an EBIT of €65 million, down €45 million year-on-year due to higher factor costs and supply chain bottlenecks [18] - Marine Systems saw a slight increase in EBIT to €3 million, driven by performance improvements and new orders [20] Market Data and Key Metrics Changes - Overall order intake across all segments grew by 30% year-on-year, mainly driven by Materials Services and Steel Europe [13] - The company faced ongoing supply chain constraints and rising factor costs affecting its components businesses [13] Company Strategy and Development Direction - The company is focused on transformational progress, including a green transformation with initiatives like the green hydrogen business Nucera [7] - A joint venture with NSK from Japan is being explored in Automotive Technologies to drive synergies [8] - The company aims to become a climate-neutral steelmaker by 2045, with significant investments in green technologies [34] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of geopolitical tensions on natural gas supply and inflationary pressures across all businesses [26][28] - The company expects a strong conversion of net working capital into cash flow in Q4, leading to a positive free cash flow [12][41] - Management anticipates significant improvement across all KPIs by year-end, despite challenging market conditions [42] Other Important Information - The company is undergoing a major restructuring program, aiming to reduce over 12,700 FTEs, with 75% of the target already accomplished [21][22] - The company has a strong balance sheet with a net cash position expected to exceed €3 billion by year-end [45] Q&A Session Summary Question: Margin contraction in Steel Europe - Management acknowledged a sharper margin contraction compared to peers, attributing it to ongoing restructuring and raw material cost increases [58][60] Question: Details on steel impairment - The impairment of €390 million was due to increased discount rates, with no significant change in operational performance [72][75] Question: Natural gas dependency reduction - Management discussed plans to reduce natural gas dependency through alternative heating technologies and emergency plans [78][80] Question: Working capital surplus - Management indicated potential for further working capital release, estimating a return of some of the €3.3 billion increase seen this fiscal year [85] Question: Nucera IPO timing - The company is closely monitoring market conditions for a potential IPO of Nucera, with no specific timeline provided [86] Question: CapEx guidance - Management expects CapEx to be higher than €1.4 billion next year, with a focus on green transformation investments [104][106]

thyssenkrupp AG (OTCPK:TYEKF) Q2 2022 Earnings Conference Call May 11, 2022 8:00 AM ET Operator Company Participants | --- | |----------------------------------------------------------------------------------------------------------------------| | | | Claus Ehrenbeck - Investor Relations Martina Merz - Chief Executive Officer Klaus Keysberg - Chief Financial Officer | | Conference Call Participants | | Seth Rosenfeld - BNP Paribas | | Carsten Riek - Credit Suisse | | Jason Fairclough - Bank of America | | C ...

thyssenkrupp AG (OTCPK:TYEKF) Q1 2022 Earnings Conference Call February 10, 2022 8:00 AM ET Company Participants Claus Ehrenbeck - IR Klaus Keysberg - CFO Conference Call Participants Seth Rosenfeld - BNP Paribas Faisal Qureshi - Jefferies Bastian Synagowitz - Deutsche Bank Christian Georges - Societe Generale Carsten Riek - Crédit Suisse Luke Nelson - JPMorgan Operator Dear ladies and gentlemen, welcome to the webcast of thyssenkrupp. At our customers' request, this conference will be recorded. [Operator I ...

Financial Data and Key Indicators Changes - The fiscal year order intake reached €39.6 billion, a 41% increase, driven by a significant submarine project worth €5.5 billion [9] - Sales increased by 18% year-on-year, totaling €34 billion [9] - Adjusted EBIT improved to €796 million, an increase of €2.6 billion year-on-year [10] - Free cash flow before M&A improved to minus €1.3 billion from minus €5.5 billion in the previous fiscal year [11] - The company maintained a net cash position of €3.6 billion and free liquidity of over €10 billion [14] Business Line Data and Key Indicators Changes - **Materials Services**: Adjusted EBIT increased by €700 million year-on-year due to higher sales volumes and rising prices [16] - **Industrial Components**: EBIT adjusted increased by almost €200 million year-on-year, supported by cost-cutting measures and improved competitiveness [16] - **Automotive Technology**: EBIT adjusted improved by over €400 million year-on-year due to better capacity utilization and productivity [17] - **Marine Systems**: Adjusted EBIT increased by €6 million year-on-year, with a strong order book [17] - **Steel Europe**: Adjusted EBIT rose by €900 million year-on-year, driven by higher net selling prices and increased shipments [19] - **Multi Tracks**: Adjusted EBIT improved by almost €300 million, although still negative, with improvements across almost all businesses [20] Market Data and Key Indicators Changes - The market recovery and performance improvement measures led to an increase in adjusted EBIT across all segments [15] - The European flat steel market saw recovery driven by the automotive industry [39] - Demand for wind energy installations was temporarily lower, but a positive midterm trend is expected [36] Company Strategy and Development Direction - The company aims to transform into a high-performance and sustainable group, focusing on performance and restructuring plans [8] - A significant investment of €1.6 billion was made to support sustainable performance improvements [13] - The company is examining options for an IPO of its water electrolysis technology to capitalize on the demand for green hydrogen [26] - A stand-alone solution for the steel business is being considered to enhance long-term viability [27] - The company is committed to achieving emission-free steel production by 2050 [28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the structural improvements in the business and favorable economic forecasts, despite uncertainties from supply chain constraints [45] - Sales growth is expected in the mid-single-digit percentage range, with adjusted EBIT projected to improve significantly [46] - The company anticipates a significant increase in free cash flow before M&A to break even [48] Other Important Information - The company is executing the largest restructuring program in its history, targeting a reduction of over 12,700 FTEs [29] - The restructuring efforts have already led to sustainable savings in the low to mid 3-digit million euro range [30] - The company plans to resume reliable dividend payments as a priority [51] Q&A Session All Questions and Answers Question: Can you provide more details on the potential IPO of the hydrogen business? - Management has not decided on a timeline for the IPO but prefers it to maintain speed and agility in the business [56] Question: What is the expected timeline for tangible revenues from the hydrogen business? - Management is confident in converting order intake into sales soon but cannot provide precise figures at this time [64] Question: How does the Materials Services business compare in terms of returns? - Management clarified that Materials Services operates independently from Steel Europe and is confident in its return on capital employed [68][72] Question: What is the status of the Multi Tracks business and its divestiture process? - The Multi Tracks business is still operating at a loss, and management is optimistic about restructuring but will not engage in fire sales if suitable buyers are not found [90][91] Question: What are the expectations for free cash flow next year? - Management expects a breakeven cash flow, considering restructuring expenses and working capital uplift due to growth in the materials business [95] Question: What is the timing for the steel stand-alone option? - Management is conducting a feasibility study and expects to communicate more about the spin-off in spring next year [101] Question: Can you clarify the CapEx for decarbonization? - The €7 billion CapEx for decarbonization does not include government aid and is expected to be required starting from 2025 [104]

Financial Data and Key Metrics Changes - The company reported a significant year-on-year increase in sales by 14% and order intake by 28%, with nine-month order intake totaling €25.3 billion and sales reaching €24.6 billion [5][6]. - Adjusted EBIT for Q3 was €266 million, a 21% increase from €220 million in Q2, and a substantial improvement from a loss of €1.16 billion in the same period last year [6][7]. - Free cash flow before M&A improved to minus €953 million from minus €4 billion year-on-year, with Q3 contributing a free cash flow of minus €235 million, an improvement from minus €750 million in Q2 [7][8]. Business Line Data and Key Metrics Changes - **Materials Services**: Achieved a 70% increase in shipments year-on-year, with adjusted EBIT improving to €232 million in Q3, benefiting from strong market recovery and higher material prices [21][23]. - **Industrial Components**: Recorded a 40% increase in order intake and sales year-on-year, with strong demand for forged technologies, although bearings faced challenges due to product mix and higher steel prices [25][26]. - **Automotive Technologies**: Experienced a 53% increase in order intake and 49% in sales year-on-year, despite semiconductor shortages, with improved EBIT driven by high plant utilization and cost savings [29][30]. - **Steel Europe**: Shipments increased by 5% and sales rose by 74% year-on-year, reflecting strong demand recovery, although higher material costs and production constraints impacted EBIT [32][34]. Market Data and Key Metrics Changes - The demand for steel has significantly increased across Europe and North America, particularly for carbon steel, although supply constraints from steel mills have limited recovery [22]. - The automotive market is expected to grow, with IHS predicting global automotive production to reach 80 million units in 2021, still below pre-pandemic levels [31]. - The company anticipates a positive mid-term trend for wind turbines, driven by rising energy demand and larger turbine sizes [28]. Company Strategy and Development Direction - The company is focused on a portfolio transformation, including the sale of non-core businesses and restructuring efforts to streamline operations [14][15]. - A decision regarding the future of Steel Europe is expected in spring next year, with ongoing assessments of market conditions and performance gaps [15][75]. - The company aims to enhance its position in green hydrogen electrolysis, leveraging its technological expertise and market leadership [51][52]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to recover and improve profitability, despite current challenges such as semiconductor shortages and high raw material prices [90][92]. - The company is committed to achieving a positive free cash flow while continuing to invest in restructuring and core business areas [61][68]. - Management highlighted the importance of long-term contracts in stabilizing revenues and margins, although benefits may take longer to materialize compared to competitors [92]. Other Important Information - The company has achieved a cumulative headcount reduction of approximately 6,900 FTEs as part of its restructuring program, with a target of over 12,000 FTEs [11][17]. - The balance sheet remains strong, with a net cash position of €4 billion, supporting ongoing transformation efforts [53]. Q&A Session Summary Question: Free cash flow expectations for next year - Management indicated that free cash flow will still be impacted by net working capital swings and restructuring cash outflows, with a target for positive cash flow [59][60]. Question: Timing of decision on Steel Europe - Management stated that a decision will be made in spring next year, emphasizing the need for thorough preparation and visibility on performance gaps [70][72]. Question: Cost of blast furnace reline - The cost for the blast furnace reline in Q3 was a low two-digit number, with expectations of a high two-digit cost in Q4 [81][82]. Question: Pension liability management - Management acknowledged the large pension liabilities and indicated that decisions regarding funding will be made after assessing the portfolio's future [85][86]. Question: Steel business recovery potential - Management expressed confidence that the steel business can recover to previous EBITDA levels, citing long-term contract structures as a reason for delayed benefits [90][92]. Question: Multi Tracks business divestment - Management confirmed that divestment processes for remaining businesses in Multi Tracks will resume in the next fiscal year [100][102].

thyssenkrupp AG. (OTCPK:TYEKF) Q2 2021 Earnings Conference Call May 11, 2021 8:30 AM ET Company Participants Claus Ehrenbeck - Head of Corporate IR Martina Merz - Chief Executive Officer Klaus Keysberg - Chief Financial Officer Conference Call Participants Ingo Schachel - Commerzbank Seth Rosenfeld - Exane BNP Bastian Synagowitz - Deutsche Bank Carsten Riek - Credit Suisse Ellen Gabrielle - Morgan Stanley Christian Georges - Société Générale Christian Obst - Baader Bank Rochus Brauneiser - Kepler Cheuvreux ...