DMG MORI : Speech with Charts at the 121st Annual General Meeting

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121ST ANNUAL

GENERAL MEETING

Speech of the CEO Christian Thönes

12 May 2023 // Check against delivery.

Dear Ladies and Gentlemen,

I am very pleased to personally welcome you to the 121st Annual General Meeting of DMG MORI AKTIENGESELLSCHAFT. I am pleased to finally see you in person again after three digital Annual General Meetings - that is important to us. A warm welcome - also on behalf of my colleagues on the Executive Board.

Today, we look back together at 2022 - a year with TOP performance for DMG MORI AG. At the same time, 2022 was a year of major geopolitical challenges with worldwide supply and material shortages, high raw material, energy and transport costs, rising interest and inflation rates, but also the ongoing corona pandemic and above all the Russian war in Ukraine. It is important to emphasize:

Peace and freedom always take precedence over business interests, because they are the basic prerequisite for security.

Even before the EU sanctions were enacted on 26 February 2022, DMG MORI AG therefore immediately and holistically stopped all activities on the Russian market. All sales, service and training activities as well as production in Ulyanovsk were suspended promptly. This also includes all deliveries of machines, spare parts, components and services to Russia.

121st Annual General Meeting // Speech of the CEO Christian Thönes

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We faced the challenges of the past financial year together. As a strong team. Once again, we demonstrated financial strength and stability as well as flexibility and innovative power.

Therefore, first of all - also on behalf of the Supervisory Board and the entire Executive Board - a heartfelt thank you to our great employees for their outstanding commitment.

As part of the "Global One Company" with clearly organized sales and service structures worldwide, we manage the home market Germany, Austria and Switzerland (DACH) as well as the EMEA region (Europe, Middle East, Africa) and the market China. Through the mother company DMG MORI COMPANY LIMITED, we are also close to our customers in Japan, North and South America as well as India and other parts of Asia. Together, we have a global footprint with 16 production plants and 113 sales and service locations worldwide. Every day, over 12,000 employees work for our more than 100,000 customers from 57 industries in 88 countries.

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Now to the development of the industry and in detail to our key figures:

In 2022, the global market for machine tools was characterized by numerous exogenous factors, but due to the good development in the first half of the year was again above the high pre-corona level 2019 for the first time (+8.2%; € 73.4 billion). According to preliminary data from the German Machine Tool Builders' Association (VDW) and the British economic research institute Oxford Economics, global consumption in 2022 increased by altogether +11.6% to € 79.4 billion (2021: € 71.1 billion).

DMG MORI AG was able to reinforce and partly further expand its market position worldwide under again more difficult conditions and achieve a very successful financial year 2022.

Thanks to the consistent implementation of our strategic focus on automation, digitization and sustainability, we were able to reach and in some parts exceed the forecasts that were increased during the course of the year.

Order intake in our core business with machine tools and services rose by +15% to an all-timehigh of € 2,904.2 million (previous year: € 2,516.7 million). Both the new machine business and the service business contributed to this positive development. New machine business

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performed well at +15% and reflects increased demand for our integrated and sustainable automation and digitization solutions. Service business also grew by +15% and reached a new record level.

Sales revenues increased by +15% to € 2,365.7 million despite the continued difficult materials and logistics situation (previous year: € 2,052.9 million).

Order backlog grew to € 1,613.4 million as of 31 December 2022 due to the good development of order intake (31 Dec. 2021: € 1,208.9 million). This results in an average calculated production range of around eight months for "Machine Tools" - a good basis for the current financial year.

Results of operations also developed successfully despite difficult market and general conditions. The sustainable optimization of our cost structure and stringent implementation of our efficiency improvement measures paid off:

• EBITDA improved by +56% to € 297.8 million (previous year: € 190.8 million).
• EBIT rose by +75% to € 216.5 million (previous year: € 123.8 million).
• EBIT margin also marked an all-time high at 9.2% (previous year: 6.0%).
• EBT increased by +78% to € 216.2 million (previous year: € 121.6 million).
• EAT grew by +79% to € 153.4 million (previous year: € 85.6 million).
• Free cash flow amounted to € 171.7 million, was thus below the record level of the previous year (-5%; € 179.9 million), but slightly above the pre-corona level 2019 (€ 168.8 million).

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