Klöckner : FY 2023 Results Analysts Conference

DISCLAIMER

This presentation contains forward-looking statements which reflect the current views of the management of Klöckner & Co SE with respect to future events. They generally are designated by the words "expect", "assume", "presume", "intend", "estimate", "strive for", "aim for", "plan", "will", "endeavor", "outlook" and comparable expressions and generally contain information that relates to expectations or goals for economic conditions, sales proceeds or other yardsticks for the success of the enterprise. Forward-looking statements are based on currently valid plans, estimates and expectations and are therefore only valid on the day on which they are made. You therefore should consider them with caution. Such statements are subject to numerous risks and factors of uncertainty (e. g. those described in publications) most of which are difficult to assess and which generally are outside of the control of Klöckner & Co SE. The relevant factors include the effects of reasonable strategic and operational initiatives, including the acquisition or disposal of companies or other assets. If these or other risks and factors of uncertainty occur or if the assumptions on which the statements are based turn out to be incorrect, the actual results of Klöckner & Co SE can deviate significantly from those that are expressed or implied in these statements. Klöckner & Co SE cannot give any guarantee that the expectations or goals will be attained. Klöckner & Co SE - notwithstanding existing legal obligations - rejects any responsibility for updating the forward-looking statements through taking into consideration new information or future events or other things.

In addition to the key figures prepared in accordance with IFRS and German-GAAP respectively, Klöckner & Co SE is presenting non-GAAP key figures such as EBITDA, EBIT, Net Working Capital and net financial liabilities that are not a component of the accounting regulations. These key figures are to be viewed as supplementary to, but not as a substitute for data prepared in accordance with IFRS. Non-GAAP key figures are not subject to IFRS or any other generally applicable accounting regulations. In assessing the net assets, financial position and results of operations of Klöckner & Co SE, these supplementary figures should not be used in isolation or as an alternative to the key figures presented in the consolidated financial statements and calculated in accordance with the relevant accounting principles. Other companies may base these concepts upon other definitions. Please refer to the definitions in the annual report. For other terms not defined in the annual report, please refer to the glossary on our website at https://www.kloeckner.com/en/glossary.html.

Rounding differences may occur with respect to percentages and figures.

The English translation of the annual report and the interim statement are also available, in case of deviations the German versions shall prevail.

Evaluating statements are unified and are presented as follows: +/- 0-1% constant

+/- >1-5% slight

+/- >5% considerable

Shipments (Tto)

Sales (€m)

Gross profit (€m)

EBITDA**) (€m)

Oper. CF (€m)

Net financial debt (€m)

Dividend per share***) (€)

FY 2023*)

4,248

6,957

1,157

190

287

775

0.20

FY 2022*)

4,193

8,337

1,328

355

360

584

0.40

+1.3%

-16.6%

-12.8%

-165

-73

+191

Increase yoy driven by strong development of Kloeckner Metals Americas despite overall challenging macro environment

Decrease due to considerably lower average price level yoy

Decrease yoy; however, gross profit margin slightly increased

Achieved solid EBITDA despite challenging environment

Strong and significantly positive OCF according to guidance

Increase yoy as a result of NMM acquisition, however, considerably down qoq; fully repaid convertible bond in September as scheduled

Proposing third consecutive dividend

SCOPE 1 & 2

OWN DIRECT AND

INDIRECT EMISSIONS

50% reduction

by 2030

Net zero

by 2040

Midterm target already achieved in 2023

(~52% reduction)

Capitalizing on sustainable business opportunities

• Intending to expand cooperation in metal products and related services in the future
• Already delivered first quantities of sustainable stainless steel to GEA
• Corresponds to "Pro" in category for CO2-reduced stainless steel
• • CO2 footprint of less than 700 kg CO2 per ton; ~90% lower compared to conventional stainless steel
• Also delivering PCF; thus, providing cradle to customer entry gate emissions

SHIPMENTS, SALES AND GROSS PROFIT

Shipments & Sales

1,606

941

Shipments (Tto) Sales (€m)

Gross profit & Gross margin

311

296

282

269

232