Financial Performance - Q2 2025 sales volume increased by 12% year-over-year and 16% sequentially compared to Q1 2025[15] - Q2 2025 production volume increased by 10% compared to Q2 2024[30] - Q2 2025 net sales decreased by 4% compared to Q2 2024, due to lower weighted-average realized prices[30] - Q2 2025 adjusted EBITDA was $3 million[33] - Q2 2025 adjusted free cash flow was negative $53 million[33] - Q2 2025 cash costs per metric ton declined by 13% year-over-year[33] Steel Industry - Q2 2025 global steel production, excluding China, was 210 million tons, compared to 212 million tons in Q2 2024[27] - Steel capacity utilization rates in Q2 2025 were 67% globally (ex-China) and 77% in the U S[24] Liquidity and Debt - The company's liquidity as of June 30, 2025, was $367 million[36] - The company has substantially no debt maturities until December 2029[36]

Q1 2025 Results April 25, 2025 NYSE: EAF www.graftech.com Forward-Looking Statements If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from what we may have expressed or implied by these forward-looking statements. We caution that you should not place undue reliance on any of our forward-looking statements. You should specifically consider the factors identified in this presentation and in our A ...