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SZAG Investor Relations english 5 4 3 2 1 Guidance Strategy Business Units Situation Market Group Salzgitter

SZAG Investor Relations

english Global Presence Salzgitter Group Trading Mannesmann Steel /Section Plate Steel Strip Technology Crude steel production tons;2020:tons; trading volume: 6.0million 3.2 million Among the top 3 producers of beverage filling and packaging machinery producers beveragefilling Amongthe top3 of 3 SZAG Investor Relations english iesfe rdc portfolio product Diversified Salzgitter Group Sections Heavy plates Steel ServiceCenter Strip products neto odn ahnr eeaefligplants filling Beverage machinery molding Injection Engineering services Steel and Technology

Stockholding trading International trading Precision tubes tils tubes Stainless Line pipes 4 SZAG Investor Relations english . . . All data about employees as per 12/31 as employees about All data Group structure and key dataFY 2020 Salzgitter Group 5,999 Employees: million € -86.8 EBT: billion € 1.9 External Sales: Strip Steel . . . . € 0.7 billion € 0.7 External Sales: 2,272 Employees: million € -94.4 EBT: Section Steel Plate / EBT External Sales cons : € -196 million € -196 : Salzgitter AGGroup . . . 4,366 Employees: million € -62.0 EBT: billion € 0.9 External Sales: Mannesmann .: € 7.1 billion Employees: . . . 1,946 Employees: € 25.1million EBT: billion € 2.2 External Sales: Trading 22,604

. . . 5,433 Employees: million € 0.9 EBT: billion € 1.2 External Sales: Technology 5 SZAG Investor Relations english As of December 2019 of As BusinessBU = Unit Europlatinen Salzgitter Flachstahl Salzgitter Stahlservice Salzgitter Mannesmann Salzgitter Bauelemente Group structure Salzgitter Group Strip Steel BU r-und Metall-Union Erz- DEUMU Deutsche Träger Peiner Grobblech Salzgitter Mannesmann Grobblech Ilsenburger Plate / Section Steel Steel Section Plate / BU Salzgitter Mannesmann / Klöckner-Werke Mannesmann Salzgitter Salzgitter Mannesmannröhren-Werke Mannesmann Boru Borusan Mannesmann Hüttenwerke Krupp Mannesmann Stainless Tubes Mannesmann Precision Tubes Mannesmann Grossrohr Mannesmann Line Pipe Europipe Mannesmann BU Salzgitter AGSalzgitter 23% 30% 50% Handel Salzgitter Mannesmann und Stahl Universal Eisen International Salzgitter Mannesmann Stahlhandel Salzgitter Mannesmann Trading BU DESMA Schuhmaschinen Elastomertechnik Klöckner DESMA KHS Corpoplast KHS Technology BU Aurubis Salzgitter Hydroforming Engineering Salzgitter Automotive Forschung Salzgitter Mannesmann Telcat Informationssysteme Gesis Gesellschaft für Hansaport Salzgitter Verkehrsbetriebe Peine- nutilPriiain / Participations Industrial Consolidation

29.99% 51% 6 SZAG Investor Relations english Only from entities within the group of consolidatedof group entities within the companiesfrom Salzgitter Only Group,excluding of EUROPIPE Group producers Tubes 3% Re-rollers 5% Mechanical engineering 5% and beverageindustry Food 16% Other 14% External sales 2020by customerindustries Salzgitter Group Broad customer base Traders, Steel-Service-Centers Energy sector andutilities sector Energy Construction industry Construction Vehicle construction electrical equipment electrical White goods, goods, White

23% 13% 14% 3% 4% 7 SZAG Investor Relations english Sales by consignee (only from entities within the group of cons of group entitiesconsignee within the from by Sales (only EU Other 25% Europe Other 5% Americas 11% Asia 7% Other 6% External sales 2020by regions Salzgitter Group olidated companies Salzgitter of Share of ex-Germany sales byconsignee sales 54% Share ofex-Germany Group, excluding EUROPIPE-Group )

Germany 46% 8 SZAG Investor Relations english 1 rd te rdcinkt External sales production Crude steel OE% Core workforce ROCE annsprsae(niue)€ € million € million per share(undiluted) Earnings after Earnings tax before Earnings tax Key dataper2020/12/31 Salzgitter Group only from entitiesfrom only within the Group Cons of 1 2 Financial year2020 characterized bythe distortions of the Corona pandemic olidated SalzgitterCompaniesGroup of 2 per reporting date € million Y22 FY 2019 FY 2020 6,033.0 7,090.8 22,604 -273.9 -196.4 -5.13 -3.9

,1. -580.4 6,613.4 ,4. -1,456.5 8,547.3 334-750 23,354 273-36.6 56.9 -237.3 -253.3

44 -0.67 -4.46 581.9 -5.8 Δ 9 SZAG Investor Relations english Balance sheet Salzgitter Group equipment and other other and equipment Property, and plant non-current assets non-current Other current current Other € million Inventories Cash and securities assets Y21 Y22 Y22 FY 2019 FY 2020 FY 2020 FY 2019 8.618 1,519 2,248 4,099 751 8.237 1,438 1,934 4,245 621 Continuing sound financial basis Continuing sound financial 8.237 2,082 1,178 2,299 2,679 8.618 2,225 1,098 2,356 2,939 Current liabilities Current liabilities non-current Other provisions Pension Equity 10 SZAG Investor Relations english 1 Property, plant and equipment and intangibleexcludingequipment financial assets, assets and and plant Property, Salzgitter Group Investmentsand Depreciation / Amortization Salzgitter Group 352 0621 0821 2020 2019 2018 2017 2016 342 15 Investments 1 287 342 49 Scheduled depreciation 338 Focus onexpansion investments 340 44 Unscheduled depreciation 593 348 193 411 295 11 SZAG Investor Relations english sale to Preussagsale to AG 1989 privatizationthe with Salzgitter, c. 1950 Salzgitter, c. the smelting in works saveDemonstrations to beam mill inPeine, 1914 broad-flangedFirst History Salzgitter Group Peine: Sections Peine: Sections since plate since ander Ruhr: Mülheim plate since est. llsenburg: (since 1961 part of state-owned of part 1961 (since azitrHtewr AG Salzgitter Hüttenwerk Plate / Section Steel BU Plate / ütnekSalzgitter Hüttenwerk 1937 (Part of Reichswerke) of (Part Salzgitter AGold) Salzgitter Strip Steel BU Construction Construction 1964 1882 1948 1595 , 1876 First blast furnace in Ilsede, Ilsede, 1861 in furnace blast First 1880 1989 Walzwerk, est. Walzwerk, Peine-Salzgitter AG 1998 Salzgitter 1998 Salzgitter AG Preussag Stahl AG Stahl Preussag to form to form Stahlwerke 1858 lee üt AG Hütte Ilseder Acquisition of of Acquisition Peiner 1970 Name change to change Name Foundation Merger 1872 Integration Tubes into SZ Integration Tubes 1897 1912 Mannesmann Group, Mannesmann seamless steel tubes steel seamless stainless steel tubes steel stainless the brandpresence 2000 welded steel tubes 1886 2017 Mannesmann BU Mannesmann for the rolling of rolling the for Start of production Start of Stock listingStock 1998 first attempts with attempts first Liquidation of First process First Relaunch of Relaunch 2007 and end of production of steel and end First acquisition of part. in of acquisition First Foundation of Foundation of steel group filling technology (H (H technology& filling K) Insolvency, restructuring Klöckner-Werke AG Klöckner-Werke Integration intoSZAG 92-1995 1992 - Technology 1977 1923 of the Ilsenburg1992 the rollingof mill, Cross-rolling process sketch of sketch process Cross-rolling Max Mannesmann, pre 1885 Privatization andacquisition Bottle filling line Bottle filling c. 1936 c. Phönix 12 SZAG Investor Relations english 5 4 3 2 1 Guidance Strategy Business Units Situation Market Group Salzgitter

SZAG Investor Relations english 100 125 150 175 200 50 75 Raw materials Raw prices Situation Market (62% Fe CFR (62% China, US$/dmt) Iron ore Divergingprice development of the major raw materials 100 150 200 250 50 (FOB Australia, US$/t) oigcoal Coking 14 SZAG Investor Relations english (€/t) Steel prices Situation Market 1,000 1,100 1,200 HRC EXW HRC EXW Ruhr 300 400 500 600 700 800 900 a/1 u/1 a/2 u/2 Jan/21 20 Jul/ Jan/ 20 19 Jul/ Jan/ 19 Following a Following period of inadequate steel prices, selling prices surged in starting the second half of2020 Spot prices Spot prices Northern Europe Plate EXW Ruhr Plate EXW Medium sections (€/t) 1,000 1,100 1,200 300 400 500 600 700 800 900 a/1 u/1 a/2 u/2 Jan/ 21 20 Jul/ Jan/ 20 19 Jul/ Jan/ 19 Hot-rolled coil prices international prices Hot-rolled coil Northern Europe EXW Ruhr Europe EXW Northern USA EXW Indiana USA EXW China Schanghai 15 SZAG Investor Relations english Source: Eurofer, January 2021, own presentation, preliminary SURVEILLANCE data for December; market Jan. for to Nov. market December; share SURVEILLANCE data 2020 preliminary presentation, 2021, own JanuaryEurofer, Source: EU steel imports EU steel Situation Market 1,000 1,500 2,000 2,500 500 0 China 0421 0721 092020 2019 2018 2017 2016 2014 Ukraine High level of imports also in 2020 despite slump of demand 2020 despite slump also in imports of High level Russia Rolled steel imports into the EU-28 (inTt/month) the EU-28 into steel imports Rolled Turkey India South Korea Iran Brazil Other Market share imports share Market 0% 4% 8% 12% 16% 20% 16 SZAG Investor Relations english 5 4 3 2 1 Guidance Strategy BusinessUnits: Strip Steel Situation Market Group Salzgitter

SZAG Investor Relations english Overview Unit Business Steel Strip . . . andproducts competences Core . . . . Capabilities Customer focus through local presence local through focus Customer elements and acoustic sandwich corrugated blanks, coffers,sheets, tailored laser-welded sheet, coated and galvanized and cold-rolledcoil, e.g., hot-rolled Custom made solutions, applications sophisticated grades for steel High-quality High processing competence (SSC) Modern production plants Approx. 4.7 mt/yearApprox. 4.7 furnaces blast three withworks steel Integrated Established supplier of the demanding German automotiveindustry demanding German of the Established supplier crude steel capacity crude steel Traders 37% Tube producers 1% Re-rollers 14% Mechanical engineering 1% consolidated companies of Salzgitter Group Salzgitter of companies consolidated only from entities within groupof the annsbfr ae €m €m Core workforce(12/31) Earnings before taxes Sales Consolidated External sales sales by2020 industryExternal customer Key data FY 2020 Construction industry Vehicle construction electrical equipment White goods, White 5,999 1,880 -87 Other 37% 7% 4% 6% 18 SZAG Investor Relations english Germany; shareholder: SZAG 100% ...... Salzgitter FlachstahlGmbH Employees Sales Shipments Strip Products Unit Business Steel Strip 5% market share in theEU28 5% market High-tech downstreamfacilities Topproduction modern plants capacity crude steel yearlymt Around 4.7 3 blastfurnaces Integrated steelworkswith galvanized sheet and organiccoated Hot-rolled coil,cold-rolled coil, electrogalvanized, dip hot 23 ,8 5,501 5,587 12/31 m2782,371 2,758 €m t4293,971 4,239 kt 092020 2019 Supplier of premium OEMs premium of Supplier 19 SZAG Investor Relations english roof constructions of commercial buildings Corrugated sheets, coffers,sandwich a.acoustic elements for wall and shareholder: SZAG 100% Germany; Tailored lighter carbodies Blanks for solutions: LaserweldedCustom-made shareholder: SZAG100% Germany; ae m5 41 70 51 70 €m 12/31 Employees Sales ae m6 39 113 62 116 €m 12/31 Employees Sales Salzgitter Europlatinen GmbH Salzgitter Bauelemente GmbH Processing Unit Business Steel Strip 092020 2019 092020 2019 20 SZAG Investor Relations english . . . Germany; shareholder: SZAG 100% Salzgitter Mannesmann StahlserviceGmbH ae m39313 315 487 369 317 532 €m 12/31 kt Employees Sales Shipments Steel ServiceCenter Unit Business Steel Strip 600,000 t/year processing capacity 600,000 t/year Modern plants and processes Two locations 092020 2019 Europe Excellent position in theheart of 21 SZAG Investor Relations english 5 4 3 2 1 Guidance Strategy Units: Plate / Steel Business Section Situation Market Group Salzgitter

SZAG Investor Relations english Overview / Plate BusinessUnit Section Steel . . . Core competences andproducts competences Core . Capabilities incl. offshore grades andtube incl. plate heavysections, Medium andheavy specialized steel grades and wearresistant High-strength, − − Plate: − − − steel: Section Plate width up to 4,800 mm 4,800 to up width Plate capacity annual mt 1.1 Two for plate mills rolling with sections and heavy medium for Two mills rolling 1 mt crude capacityAnnual steel arc furnaces Top-modern mini mill with two electric Plate: Broad range of high-quality plate products plate Broad range of high-qualityPlate: Section Steel: Efficient production Mechanical engineering Mechanical consolidated companies of Salzgitter Group Salzgitter of companies consolidated only from entities within groupof the 12% Tube producers 5% Other 17% External sales sales by2020 industryExternal customer Key data FY 2020 annsbfr ae €m €m Core workforce(12/31) Earnings before taxes sales Consolidated Construction industry Construction Vehicle construction Vehicle electrical equipment electrical White goods, White 2,272 Traders 684 -94 46% 7% 4% 9% 23 SZAG Investor Relations english . . . . . Germany; shareholder: SZAG 100% Ilsenburger Grobblech GmbH ae m44443 623 610 494 655 625 €m 12/31 kt Employees Sales Shipments Heavy Plate BusinessUnit Steel / Plate Section quenching plants facilities, the art State of share in theEU28 7% market High-strength and wearresistant grades unalloyedand offshoregrades boiler plate, and tube fine grained Construction plate, steel grades Broad diversifiedheavyplate one of the mostmodernwaterone of construction plate, alloyed 092020 2019 24 SZAG Investor Relations english . . . Germany; shareholder: SZAG 100% Salzgitter Mannesmann Grobblech GmbH ae m26204 470 309 256 536 371 €m 12/31 kt Employees Sales Shipments Heavy Plate BusinessUnit Steel / Plate Section technological tests Test Center witha widerange ofmechanical and in carbon, alloyed,and high-alloy steels Pipe bending seamless plant for and welded steeltubes EUROPIPE GmbH similar applications, weldedline pipeand especially for Heavyplate mill specialized in longitudinallyplate for 092020 2019 25 SZAG Investor Relations english ...... Germany; shareholder: SZAG 100% ae m53507 787 983 553 773 953 €m 12/31 kt Employees Sales Shipments Peiner Träger GmbH Peiner Träger Sections BusinessUnit Steel / Plate Section comprehensive range ofproducts Twothe of mostefficient section mills worldwidewith 12% marketshare intheEU28 mt/year1.0 capacityAdjusted crudesteel Twofurnaces top-modernelectric arc Progressive and flexible mini mill sections Medium and heavysteel beams,Peine 092020 2019 26 SZAG Investor Relations english ferro alloys,as well asrolled steel products Specialist scrap, newtrader forferrousscrap,non-ferrous metalsand shareholder: SZAG100% Germany; ae m51498 392 571 380 €m 12/31 Employees Sales Deutsche Erz- und Metall-Union-Gruppe und Deutsche Erz- Other Companies BusinessUnit Steel / Plate Section 092020 2019 27 SZAG Investor Relations english 5 4 3 2 1 Guidance Strategy Mannesmann Units: Business Situation Market Group Salzgitter

SZAG Investor Relations english Overview Unit Mannesmann Business Core competences andproducts competences Core . . Capabilities . . . . stainless tubes stainless precision tubes, seamless andwelded m pipes, diameter large- and spiralwelded Longitudinal market worldthe Tubes:Stainless in Seamless playertop Precision Tubes: leader market European presence international EUROPIPE; leader market (50%) participation in the world Line Pipe: seamless tubes business for the semis of for production the Plant Mannesmann GmbH Krupp inHüttenwerke participation Own crude steel supply via 30% Global playerin the high-qualitysegment of the global tubes market edium line pipes, pipes, edium line consolidated companies Group of EUROPIPE excluding Salzgitter companies Group, consolidated only from entities within groupof the Tube producers Tube engineering Mechanical 7% 4% Other 43% External sales sales by2020 industryExternal customer KeyData FY 2020 annsbfr ae €m €m Core workforce(12/31) Earnings before taxes Sales Consolidated Construction industry Construction Vehicle construction Vehicle Energy sector and utilities 4.366 Traders 948 -62 21% 15% 7% 3% 29 SZAG Investor Relations english . shareholder: Germany;SZAG 50%,Dillinger Hüttenwerke50% . . . . ae m77629 976 471 777 1.083 581 €m 12/31 kt Employees Sales Shipments EUROPIPE Group Line Pipes Unit Mannesmann Business Longitudinal and spiral welded spiral Longitudinal and Since January 1,2014 reported at equity locationsUSA inD,3 World marketleader(7%share) In-house coating activities pipelines transcontinental andunderwater large-diameter pipesfor 092020 2019 30 SZAG Investor Relations english Spiral-welded large-diameter pipes made of hot-rolled coil Spiral-weldedpipes madeof large-diameter shareholder: SZAG 100% Germany; plastic- and cement coatings andcement plastic- HFI-welded mediumline pipes incl. shareholder: SZAG100% Germany; ae m5 51 117 58 124 €m 160 12/31 325 254 357 Employees €m Sales 12/31 Employees Sales Mannesmann Line Pipe GmbHPipe Mannesmann Line Mannesmann Großrohr GmbH Mannesmann Großrohr Line Pipes Unit Mannesmann Business 092020 2019 2020 2019 31 SZAG Investor Relations english . . . . Germany; shareholder: SZAG 100% ae m48324 2.063 180 458 2.256 247 €m 12/31 kt Employees Sales Shipments Mannesmann Precision TubesGroup Precision Tubes Unit Mannesmann Business 10 locations in D,F,NL and Mexico EU28 Market leaderin share) the (24% market push bench the art plant State of sector automotive and engineering industries as wellas theenergy Seamless and welded colddrawnprecision the tubes for for the production of hollows for 092020 2019 components Engine- Camshafts tube Structural Drivetrain and components steering Drivetrain Airbags Pump case Stabilizers etbl-IHU/IHV fixings Seat belt- components Suspension Drive shafts Drive 32 SZAG Investor Relations english . . . Germany; shareholder: SZAG 100% ae m20260 996 22 290 1.021 23 €m 12/31 kt Employees Sales Shipments Salzgitter Mannesmann Stainless Tubes Group Seamless Stainless TubesSeamless Stainless Unit Mannesmann Business 5 locationsF, inD,5 USA I, share in theworld6% market energyas wellsector the asfor and engineering industries, for the chemical- cold finishedstainless and tubes Seamless hot- 092020 2019 33 SZAG Investor Relations english . . . . SZAG 30% +Vallourec 20% (Pool) Germany; shareholder: ThyssenKrupp 50%, ae m2461,984 2,880 2,496 2,947 €m 12/31 Employees Sales Hüttenwerke KruppHüttenwerke Mannesmann GmbH infcn shareholdings Significant Unit Mannesmann Business Yearlycrude steel > 4million production of tons 1,000 differentUp to steelgrades Production of slabs and round steel bars Steel works with two blast furnaces 092020 2019 34 SZAG Investor Relations english 5 4 3 2 1 Guidance Strategy Business Units: Trading Situation Market Group Salzgitter

SZAG Investor Relations english Overview Unit Trading Business ...... Capabilities Core competences andproducts competences Core High customer and market orientation through a global sales organization global sales through a orientation High customer andmarket Value add services for customers works Group for Salzgitter channel Procurement products Group channel for Salzgitter Distribution own representation relevant regions with presencein all Global trading International products plate on heavy group specialized Processing inEurope sites withwarehousing network for products distribution Ownsteel 27 countries in sites 69 Tube producers Traders 31% 2% Re-rollers 3% engineering Mechanical 8% consolidated companies of Salzgitter Group Salzgitter of companies consolidated only from entities within groupof the annsbfr ae €m €m Core workforce(12/31) Earnings before taxes Sales Consolidated KeyData FY 2020 External sales sales by2020 industryExternal customer Energy sector Energy Construction industry Construction Vehicle construction Vehicle electrical equipment electrical White goods, White and ut and 1,946 2,225 25 Other ilities 13% 35% 4% 3% 5% 36 SZAG Investor Relations english Trading 2 Rep.offices 9 Companies International (Canada) Inc., Vancouver (SMIV) International Salzgitter Mannesmann (SMIH)Houston (USA) Inc., International Salzgitter Mannesmann Düsseldorf (SMID) GmbH, International Salzgitter Mannesmann Salzgitter Mannesmann Handel Group Unit Trading Business Shipments 2020: 43.0 mt Sales 2020: € 2.1 billion € 2.1 Sales2020: Shipments 2020:43.0mt Stockholding GmbH, Düsseldorf Düsseldorf (SMSD) GmbH, Stahlhandel Salzgitter Mannesmann cutting plants) (incl. 4flame processing further and 16 with warehousesBranches Baunatal (SCB) Baunatal GmbH, Baunatal Stahl-Center 59 locations in 27 countries with 1,603 employees27 countries with in 59 locations Salzgitter Mannesmann Handel 7 Companies Europe Agencies 4 Agencies Europa 37 SZAG Investor Relations english North America 2 Branches UNIVERSAL STEEL AMERICA, Inc., Houston, USA UniversalEisen und Stahl Group Unit Trading Business Shipments 2020: 0.2 mt Sales 2020: € 0.2 billion € 0.2 Sales2020: Shipments 2020:0.2mt 10 locations in 6 countries with 365employees6 countries with in 10 locations 4 Branches Neuss (UES) GmbH, undStahl Eisen Universal Universal Europe Czech Republic UNIVERSAL OCEL spol. s.r.o., Prague, Sp. zPoland o.o,Gliwice, UNIVERSAL-Stal Netherlands Papendrecht, UNIVERSAL STEEL HOLLAND B.V.,SK France d'Or, Mont au Couzon Sarl, Universal Aciers 38 SZAG Investor Relations english 5 4 3 2 1 Guidance Strategy Units: Business Technology Situation Market Group Salzgitter

SZAG Investor Relations english Overview TechnologyUnit Business Topand packing industry, producer forfilling 3 rubber and leader for market world . . . . andproducts competences Core . . . Capabilities service Turn-keymachines and single lines, soles shoe shoes and of production the leader for the of production machines for DESMA Schuhmaschinen: World market machines for rubber and molding silicon injection DESMA leader Global Elastomertechnik: leadership and innovation technology machines; and packaging filling for suppliers 3global top the among KHS: Germany of outside sales of > 90% 60 Servicesites worldwide plants 17 Production silicon injection molding as well silicon injection molding as as well direct soling machines industry Food and beverage 90% construction Vehicle 2% consolidated companies of Salzgitter Group Salzgitter of companies consolidated only from entities within groupof the External sales sales by2018 industryExternal customer Key data FY 2018 annsbfr ae €m €m (12/31) Core workforce Earnings before taxes Sales Consolidated Mechanical engineering electrical equipement White goods, White 5.557 1.390 33 1% 7% 40 SZAG Investor Relations english ...... shareholder: SZAG100% Germany; ae m1201,131 4,729 1,260 4,793 €m 12/31 Employees Sales KHS Group iln n packaging and Filling TechnologyUnit Business Brazil, China and India 115 inGermany, productionsites: each inMexico, in US, and1 2 the Leadership in and innovation technology supplier) solutions (one-stop-shop Supplier single of machines andturnkey Focus onbeverageapplications Among the Top producers 3 industry Achoice inthepackaging global first leader andsolutionproviderof 092020 2019 41 SZAG Investor Relations english shoes and shoe soles World’s largest the fabrication producer ofmachines of for machinery World market leaderforrubberandsilicone injection molding ae m5 24 218 52 224 53 €m 12/31 486 79 540 Employees €m Sales 12/31 Employees Sales Klöckner DESMAEl DESMA Schuhmaschinen GmbH Special machinery TechnologyUnit Business astomertechnik Group 092020 2019 2020 2019 42 SZAG Investor Relations english 5 4 3 2 1 Guidance Strategy Participations Industrial Situation Market Group Salzgitter

SZAG Investor Relations english Overview Participations Industrial Gratifying contribution from the service companies and the the servicefrom contribution GratifyinginvestmentAurubis . unit to abusiness allocated activities that Comprises . Core competences andparticipations Core − − Shareholdings: − − − − − Services: Hansaport Aurubis Freight traffic Freight well as management as development andfacility estate- Real Engineering services technology Information customers andexternal Group Research anddevelopment for the are not directlynot are Key data FY 2019 annsbfr ae €m €m Core workforce(12/31) Earnings before taxes sales Consolidated 2.588 148 21 44 SZAG Investor Relations english ...... witha focuson: Research and the Groupand externaldevelopment customers for Germany; shareholder: SZAG 100% Salzgitter Mannesmann ForschungGmbHSalzgitter Engineering Participations Industrial of non-destructive testing facilities Automation and testing techniques, as wellas the construction through forming and corrosion assemblyprotection to Application and engineering technologycomponent design from techniques component charac Material and application areas Development of Development of new materials and application metallic materials of and products madeofthem the manufacture,processing Processes for terization including testing 45 SZAG Investor Relations english (coal and ores), annual capacityores), (coal and goods bulk handling dryterminal for largest seaport Germany's as well asmanagement andfacilitydevelopment Companies specialized in realestate- 1 volume of approximately 43 million tons Commercial transportation provider an annual with freight SZAG 51% share: Verkehrsbetriebe Peine-Salzgitter Hansaport RSE Glückauf Immobilien, Raw Materials Raw and Logistics Participations Industrial 1 of approximately15 million tons 46 SZAG Investor Relations english Integration ofbusiness proce services networkvideo technologyto information solutionsrangingfr for decentralized Systemscommunication, of Broad array processing offeredare group companies for and external clients the internet-based eService platform as aunified hub fororder center capacities and reflects theentireworkflow,that Electronic data processing Telcat Multicom/Telcat Telcat GESIS Gesellschaft für Informationssysteme für GESIS Gesellschaft aaPoesn n Communications Data Processingand Participations Industrial Kommunikationstechnik sses into one uniform IT-solutionone uniform sses into om office communication and 47 SZAG Investor Relations english Aurubis Dividend (€/Share) 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 Aurubis-Participation Participations Industrial

0.65 2008/2009

1.00 2009/2010

1.20 2010/2011

1.35 2011/2012 Since 2008 successful shareholding in the leading European the leading copper producer Since 2008successful shareholding in

1.10 2012/2013

1.00 2013/2014

1.35 2014/2015

1.25 2015/2016

1.45 2016/2017

1.55 2017/2018

1.25 2018/2019

1.30 2019/2020 . . (per FY19/20) million 131.8 € 2009: received since dividend Net 2019) 23, (per May shareholding: 29.99% SZAG 48 SZAG Investor Relations english 5 4 3 2 1 Guidance Strategy Business Units Situation Market Group Salzgitter

SZAG Investor Relations english Assumption of social responsibility also at our foreign • Creation in of transparency regardstooccurrences of • Comprehensive risk-minimizing precautions andguidelines • Management of theCOVID-19 impacts Strategy locations monitoring infection in the whole Group and detailed continuous Protecting employeehealth Through the crisis with Through consistency,the crisis with transparencyand management!stringent liquidity • Saving without endangering the future: restrictive handling restrictive Saving endangering thefuture: without • Short-term work in manyparts of the Group • Temporary reduction of production • Highest priorityfor liquidity management • investment projects of newinvestments, but continuation of strategic Ensuring operatingability 50 SZAG Investor Relations english Goals “Salzgitter AG 2021” growth stra growth 2021” “Salzgitter AG Strategy Start 2016 H1 2020 ol50% Goal Steel-related 50% 50% 60% Less steel-related Diversification strategy proves to be right especially now! 50% 40% ey–goals and stipulations tegy – Stipulations 1. Qualitative Growth 1. Qualitative 2. Quantitative Growth 2. Quantitative 3. External Growth only Rolled steel production steel Rolled from steel Quantitative growth External growth growth External for the development of the business units – can, can, – units business the of development for the desirable grow qualitatively grow . especially in the – on a larger scale is is possible , not quantitatively. quantitatively. not , and parts Technology exclusively in activities apart of the the of not mandatorily necessarynot mandatorily tubes production tubes Business Unit. however, be can 51 SZAG Investor Relations english 2. Quantitative growth growth 2. Quantitativein lesssteel-relatedactivities . . treatment line heat New GmbH: Grobblech Ilsenburger growth in areas 1. Qualitativesteel-related 3. External growth . . Future” the of “Factory GmbH: DESMA Schuhmaschinen . AG Aurubis Slgte G22”got taey–implementation – strategy growth 2021” “Salzgitter AG Strategy Commissioning: 2021 Commissioning: portfolio product the of Optimization Inauguration in July 2020 July in Inauguration Capacity expansion participation participation % to 29.99 ofthe Increase . KHS GmbH for can seaming can for AG Ferrum with Cooperation . Mannesmann Stainless Tubes . . Mexico in the plant of Expansion Mannesmann Precision Tubes: . . Hot-Dip Galvanizing Line 3 GmbH: Flachstahl Salzgitter Commissioning: 2022 Commissioning: customers automotive premiumsegment for the of Strengthening steel tube producer SOTEP SOTEP tube producer steel of the stainless Acquisition Commissioning: Q3 Q3 Commissioning: 2019 USMCA the for tubes area steel Precision . HydroformingGmbH Salzgitter hydroformed components of production the for VentureJoint Baolong with 52 SZAG Investor Relations english Source: ICIS, own calculations ICIS, own Source: Challenge: CO Strategy

€/t CO2 10 20 30 40 50 60 0 0721 0922 0122 0322 0522 0722 092030 2029 2028 2027 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 Price for CO 2 emission allowances emission allowances are continuously cut back Price CO 2 Third trading period trading Third allowances 2 msinalwne a ugdsne21 further increase is highlylikely! emission allowances has surged since 2018 – Estimates price CO Estimates price Price forecast Price CO 2 allowances 2 allowances Fourth trading period 53 SZAG Investor Relations english * per January 2021 January* per acquired asa precaution . . CO Our path towards a low-CO towards path Our Strategy Wein control… are part until 2030 until part for most compensated the been sheet by more than € 400 million* €400 than more bysheet balance the in for accounted figure the purpose exceeds allowances acquired for this CO the of market value Current inCO Shortfall 2 - emission allowances emission allowances - 2 allowances has  CO 2  emission allowances emission allowances for theFourth Trading Period purchased as a precaution SALCOS 2 2 , hydrogen-based steel production , hydrogen-based steel ® – technological concept technological for CO – The Salzgitter Group acts decisively! 2 -reduced steel production -reduced steel …and pioneer at the same time the same …and pioneerat . . Salzgitter Flachstahl until 2050 until Flachstahl Salzgitter AG AG 95 % of 95 %of the CO Target: more of Reduction than CO the gradual reduction Significant, of 2 emissions of emissions of Salzgitter 2 emissions of of emissions 54 SZAG Investor Relations english *with the use of 55% H2 in the Direct Reduction Plants (DRP) / **with the use of 100% H2 in the DRPs in the H2 100% of use (DRP)the **with / Plants Direct H2Reduction in the 55% of use the *with po and on the economic depends time implementation actual The in combination. realized be also technically may stages Individual SALCOS Strategy Gradual technical implementation possible as soon as the necessary framework existing conditions are as soonas thenecessaryframework possible implementation technical Gradual ® Gradual conversion toa H – 2 -based steel production -based steel Weready! are litical framework. litical of 95 % by 2050. byof 95% and 2030 byof 30% emissions reductions in CO in reductions are targeting we production steel For the integrated 2

55 SZAG Investor Relations english First steamelectrolysis lcsalasfrom2020 Flachstahl scale atSalzgitter MW Our path towards a low-CO towards path Our Strategy . . study MACOR: and direct reduction plant and direct shop melt Numerical modellingof Analysisconditions offramework 2017 SAL COS on -feasibility Germany! one locationin consumption” at industrial hydrogen production – coupling of “renewable power– Wind-H2: Wind-H2: 2 , hydrogen-based steel production , hydrogen-based steel 2018 First industrial sector Iron ore direct reductionplantinWilhelmshaven ore Iron Feasibility study 2019 operation inSalzgitter commences trial electrolyzer temperature World’s largest 2020 green strip steel green strip First slab successfullyproduced for high- Salzgitter for directreduction in demonstration plant a Construction of R DA M µDRAL – eduktions 2021 A ikro- n L age D irekt- 56 SZAG Investor Relations english ...... production Important building block climate-friendly on the towards way steel Strategy “Salzgitter Wind Hydrogen” megawatt Erection of seven wind turbineswithan overall output of 30 hydrogenat theplant site via windelectricityand electrolyticpowerProduction of Start March11, 2021 (Kreditanstalt fürWiederaufbau) and KfW SaxonyLowerof the State Supported by € 50million of around Capex plants Hydrogen production with two 1.25 MW PEM electrolysis “renewable power – hydrogen production – industrial consumption” at one location in Germany! location consumption” atone industrial hydrogenproduction – power – “renewable First industrial sector coupling of industrial First 57 SZAG Investor Relations english Green stripsteel Strategy Renowned Renowned steel processors demonstrate keen interest forthis low CO . . purpose this international standardsspecificallyfor 17029 andother based onDINENISO/IEC procedure VERIsteel the developed SÜD TÜV of product-specific CO produce evidence is requiredto material flows all relevant processesand mapping of the The 2 emissions 2 product 58 SZAG Investor Relations english . Ilsenburger Grobblech: New heat treatment line . . . . Hot-Dip GalvanizingSalzgitter Flachstahl:Line 3 . . . . Update investmentprojects Strategy Optimization of theproductportfolio Current status:Trial operation Commissioning: 2021 tempered steel waterresistant, and wearsuch ashighstrength value gradesegments Expansion of themarketposition and volume expansion for higher Qualitative growth in the strip steel business strip in the Qualitative growth Current status: Construction of the building Commissioning: 2022 Strengthening of the premium segmentforauto customers segment position intheautomotive market the Reinforcement of Realization of major investmentprojects also in lesscomfortable phases! Sustainable strategy: 59 SZAG Investor Relations english 5 4 3 2 1 Guidance Strategy Business Units Situation Market Group Salzgitter

SZAG Investor Relations english . . . . Strip Steel Strip Business Units – Forecast 2021 Forecast – Business Units Guidance costs are forecast for ironore for are forecast costs higher Significantly operating situation pandemic despite the ongoing 2021 of sixmonths first Fully utilized capacityin the of more than € 100 million € 100million than more of Very pre-tax profit gratifying in sales increase Significant . . . . Plate / Section Steel Section / Plate loss nevertheless marked pre-tax reduced Significantly but in sales Notable increase short term onthe to focus continue thatwill environment volatilemarket Steel: Section line for pipes material input of delivery the for orders of lack persistently high imports, byremain tight, accompanied situationwillPlate: market ...... Mannesmann pre-tax result nevertheless still negative Visibly improved but Higher saleslevel demand tubes: growingStainless the market of recoverypleasing the of continuation tubes: Precision uptrend to resume line pipes:volume Medium improve should nevertheless difficult situation that market pipe Large-diameter mills: Business Unit . . . . Trading previous year notably higher than in the taxes before Earnings Markedly higher sales trading conditions in international Ongoing difficult trading prices notable uptrendin selling healthy demand situation and a of on theback development Positive business . . . . Technology the previous yearthe previous significantly higher than in profit Pre-tax that is higher Somewhat sales markets of the noticeable recovery the DESMAGroup: engineering companies of mechanical Specialist business standard in the additional sharegains market and innovative products new,of Selling Group: KHS 61 SZAG Investor Relations english ihepii eeec otesilimnn,vrulyuqatfal iko h ooapnei,w niiaetefloigfor following the anticipate we pandemic, Corona the of 2021: year risk financial unquantifiable the virtually in imminent, Group still Salzgitter the the to reference explicit With We make explicit reference to the fact that imponderables, including changes in the cost of raw materials, precious metal price materials,metal precious raw of cost the in changes imponderables, including that fact the to explicit reference make We remarks other and Note Legal However,as is the casewithforeca any on are based statements such future, the to or related towards oriented statements contains presentation this that extent the To course the financial of the year. shall not assume liability of any kind for knowledge and statements, as well as any acts resulting on the basis of such knowled such of basis the on resulting acts as anywell as statements, and for knowledgekind any of liability assume not shall For computational reasons, rounding-off differences of +/– one unit (€, % etc.) may occur in the tables. This document is a is also document This tables. % in the occur may (€, etc.) unit one +/– of differences rounding-off reasons, For computational document. in this contained ordata information the of utilization the of result tr of type other any or sell buy, conduct to or invitation an encouragement represent not do available made data and information . . azitrGop–Guidance Salzgitter Group – Guidance a pre-tax profit of between profit of a pre-tax an increaseinsalestomore sts or prognosis sts or , such statements are al such statements are , 150 million € 200 million. and € than € 8.5 billion, as well € 8.5billion, than as well as so subject so subject to uncertain ties and risks. ties and Notwithst s and exchange rates, along with global trade policy measures and their possible impact may still exert a considerable influence considerable a exert still may impact possible their and measures policy trade global with along rates, exchange and s eo ttmnsta mnt ietyo nietyfo h nlsso h aa otn n orltoso hsdcmn.T document. this of correlations and content data, the of analysis or the from directly indirectly emanate that or statements ge anding prevailing statutory provisions and capital market law in particular, we are not obligated to update this data. In parti In data. this update to obligated not welaware in particular, market capital and provisions statutory prevailing anding vailable in German language. In the event of any discrepancy, the German version shall prevail. version German the discrepancy, any of event the In language. inGerman vailable ade in securities. Salzgitter AG shall neither assume liability for direct nor indirect damages, including lost profits, arisin profits, lost including damages, indirect liability nor direct assume for neither AG shall Salzgitter ade insecurities. our current state of knowledge and the estimates based on such knowledge made by the management of Salzgitter AG. AG. Salzgitter of management the by made knowledgeon such based estimates the and knowledgeof state our current gas a cular, we over over he

SZAG Investor Relations english 3 2 1 BACKUP Investor Relations Pensions Financials

SZAG Investor Relations english 1 rd te rdcinkt production Crude steel Earnings before tax € € million before Earnings tax External sales Earnings after tax € € million after Earnings tax OE% € Core workforce ROCE per share(undiluted) Earnings Key dataper2020/12/31 Financials only from entitiesfrom only within the Group Cons of 1 2 Financial year2020 characterized bythe distortions of the Corona pandemic olidated SalzgitterCompaniesGroup of € million Y22 FY 2019 FY 2020 7,090.8 6,033.0 22,604 -196.4 -273.9 -5.13 -3.9 2 per reporting date ,4. 14651865163415272,108.3 1,522.7 1,633.4 1,826.5 -1,456.5 8,547.3 ,1. 5041688131512121,681.5 1,271.2 1,381.5 1,698.8 -580.4 6,613.4 334-5 2642,8 30923,308 23,009 22,785 22,604 -750 23,354 2335. 80-66-64-31.4 -96.4 -96.6 28.0 56.9 -253.3 273-66-09-83-0. -43.7 -101.0 -98.3 -30.9 -36.6 -237.3 44 06 05 18 18 -0.83 -1.88 -1.84 -0.59 -0.67 -4.46 581972-09-00-2.4 -10.0 -10.9 7.2 1.9 -5.8 Δ Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q1 2020 Q2 2020 Q3 2020 Q4 64 SZAG Investor Relations english noeSaeet( ilo)F 00FY 2019 FY 2020 (€ Statement million) Income annsbfr ae ET 164-5. 56.9 -253.3 -196.4 result Consolidated tax Income before taxes Earnings (EBT) Finance expenses Finance income method equity usingthe for accounted investments Result from from shareholdings Income assets financial of losses impairment of reversal lossesand impairment Result from Other operating expenses and equipment and Amortization depreciation of int expenses Personnel materials Cost of Other operating income work capitalized Increase/decrease in finished goods Sales Income statement Financials angible assets and property,angible assets plant and work in process/other own in process/other and work ,5. ,1. -161.6 -1,023.4 -1,606.4 -1,456.5 1,815.7 5,602.6 8,539.1 8,547.3 1,654.1 4,579.2 6,932.7 7,090.8 239-3. -36.6 -237.3 -273.9 -149.9 -8.2 -158.1 3. ,5. -221.3 -245.7 59.7 1,157.8 541.0 285.6 936.6 295.3 345.3 2. 2. -4.2 -25.1 -29.2 75-6093.5 12.5 -2.6 -29.6 -16.0 80.4 17.5 125.2 77.5 92.9 14.9 95.6 . . 0.4 2.0 2.4 Δ 65 SZAG Investor Relations english ses( ilo) 1/122 12/31/2019 12/31/2020 Assets (€ million) netet cone o sn h qiymto ,6. ,7. 96.2 1,072.9 Balance sheet total 1,169.1 equivalents Cash and cash Securities tax Income assets receivables and Other other assets assets Contract Trade receivables Inventories assets Current tax assets income Deferred tax Income assets receivables and Other other assets Trade receivables accounted for Investments using the equity method Financial assets property Investment property,Intangible assets, pl assets Non-current Consolidated balance sheet Consolidated balance Financials n n qimn ,2. ,4. 80.6 2,343.0 2,423.6 ant andequipment ,3. ,1. -380.1 8,617.5 -314.4 -525.6 8,237.4 2,248.1 4,518.5 145.5 1,933.7 3,992.9 4,099.0 4,244.5 2. 0. -79.1 -3.5 113.9 700.5 -194.5 -10.4 191.8 186.3 1,118.4 621.4 492.3 188.3 300.2 923.9 481.9 372. 1.1 22.6 -3.3 -10.1 23.7 -0.5 25.6 64.7 82.0 22.3 54.6 81.5 101. -7.4 18.4 11.0 . 09-50.9 50.9 0.5 0.0 0.0 0.5 Δ 66 SZAG Investor Relations english qiyadlaiiis( Equity and liabilities rvsosfrpnin n iia biain ,9. ,5. -57.5 2,356.1 2,298.6 sheet total Balance liabilities Other liabilities tax Income contracts Liability payablesTrade liabilities Financial provisions Other Current liabilities liabilities Other liabilities Financial provisions Other liabilities tax Income liabilities tax Deferred obligations similar and for pensions Provisions Non-current liabilities Minority Interest shares Treasury retainedearnings Unappropriated reserves Other earnings Retained Capital reserve capital Subscribed Equity Consolidated balance sheet Consolidated balance Financials ilo)1/122 12/31/2019 12/31/2020 € million) ,3. ,1. -380.1 -143.2 8,617.5 22.8 2,225.3 8,237.4 -250.6 3,453.6 2,082.1 -259.7 2,845.1 3,476.4 2,938.6 2,594.5 2,678.9 397-6. 0.0 -369.7 -369.7 0. 4. -143.2 72.1 -112.8 58.2 -14.2 446.0 112.3 -67.8 200.7 915.2 430.1 224.6 302.8 637.1 334.9 272.8 802.4 0.0 488.3 0.0 210.4 749.4 267.1 257.0 161.6 257.0 161.6 711. 40.3 -6.2 1.9 16.8 3.4 36.6 72.0 57.1 23.0 30.4 73.9 26.4 . . -3.1 8.6 -0.5 -12.1 5.5 9.6 12.1 9.1 0.0 Δ 67 SZAG Investor Relations english ahfo statement Cash flow Financials € million € million 200 400 600 800 0 Cash flow from operating activities include payment to Federal Cartel Office as well as higher tax paymentsin ashigher as well Cartel Office paymentto Federal include operating activitiesfrom Cash flow equivalents at start Cash and cash and Cash of period 700.5 from operating Cash flow Cash activities 18.3 connection with lending securities connection with from investment Cash flow Cash activities -234.2 from financing Cash flow Cash activities 151.0 te Cash andcash Other 14.2 equivalents at end of period 621.4 68 SZAG Investor Relations english 1 B €million million € Core workforce EBT EBITDA External sales € € million sales External re oknskt bookings Order Order backlog Order Strip SteelBusiness Unit Financials per reporting per reporting date Surge in demand from June onwards almost compensates for previous slump of order intake; positive result in the in result positiveorder intake; previous slump of compensates for June onwards almost Surge indemand from 1 1 kt Y22 FY 2019 FY 2020 1,082.2 1,879.7 4,238.8 5,999 -86.8 65.8 fourth quarter ,0. 393447421366566.2 336.6 482.1 494.7 -329.3 2,209.0 ,1. 7. ,2. ,7. 4. 1,193.1 640.9 1,176.9 1,227.9 -79.6 4,318.4 ,9 9 ,9 ,2 ,4 6,113 6,040 6,029 5,999 -91 6,090 5. 1364. 06-2334.6 -22.3 917.8 10.6 779.4 42.9 889.6 -193.6 1,082.2 168.5 259.5 913.7 4. 4. . 2. 6. -6.8 -62.4 -25.7 8.1 -44.0 -42.8 Δ Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q1 2020 Q2 2020 Q3 2020 Q4 69 SZAG Investor Relations english 1 B €million million € Core workforce EBT EBITDA re oknskt bookings Order External sales € € million sales External Order backlog Order Plate / Section Steel Business Plate / Unit Financials per reporting per reporting date 1 1 Sales and earnings reflect difficult market situation in the plate business; plate in the situation market difficult Sales andearnings reflect kt sections segment nearlyat breakeven Y22 FY 2019 FY 2020 1,958.5 2,272 386.4 684.2 -94.4 -63.8 ,7. 51586443317583.8 381.7 434.3 558.6 85.1 1,873.3 1402. 2. 3. 2. -4.2 -22.8 -37.8 -29.7 29.6 -124.0 ,5 8 ,7 ,1 ,4 2,353 2,347 2,313 2,272 -80 2,352 0. 73364273242369.4 274.2 287.3 386.4 77.3 309.1 0. 105138171187194.5 168.7 167.1 153.8 -120.5 804.7 3. 3. 2. 3. 1. 2.2 -14.9 -30.1 -21.0 -33.7 -30.0 Δ Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q1 2020 Q2 2020 Q3 2020 Q4 70 SZAG Investor Relations english Order bookings € million € bookings Order External sales € € million sales External B €million million € Core workforce EBT EBITDA Order backlog Order 1) Mannesmann BusinessUnit Financials per reporting per reporting date 1 1 despite immediate adaption of the capacity markedly lower result pre-tax markedlylower the capacityadaption of despite immediate Pandemic caused decline of demand in all product segments; demand all Pandemic caused decline of in € million Y22 FY 2019 FY 2020 1,072.7 4,366 946.7 359.3 -62.0 2.6 ,8. 316398251183319.5 178.3 265.1 309.8 -311.6 1,384.4 ,1. 130234288186295.9 198.6 228.8 223.4 -173.0 1,119.6 ,4 274364464514,609 4,511 4,416 4,366 -277 4,643 4. 8. 5. 5. 4. 402.3 347.8 357.7 359.3 -87.1 446.4 4. 2. 1. 2. 1. -4.6 -18.1 -25.6 -13.8 -20.5 -41.5 00-7446-01-. 10.5 -2.4 -10.1 4.6 -67.4 70.0 Δ Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q1 2020 Q2 2020 Q3 2020 Q4 71 SZAG Investor Relations english 1 External sales € € million sales External hpet kt Shipments B €million million € Core workforce EBT EBITDA Trading BusinessUnit Financials per reporting per reporting date 1 Pre-tax profit notablyhigher than in the previousyear despite impairment due to extraordinary proceeds from the sale of a propertyof a the sale proceeds from due to extraordinary Y22 FY 2019 FY 2020 2,225.2 3,176.4 1,946 25.1 44.1 ,4. 610572487558703.4 525.8 438.7 557.2 -621.0 2,846.2 ,9. 694853667769977.5 746.9 636.7 815.3 -619.4 3,795.8 ,6 101961921902,036 1,990 1,962 1,946 -120 2,066 3. 614. 71-610.3 -16.1 -7.1 48.0 56.1 -31.0 294. 25-. 1. 5.8 -10.8 -3.3 52.5 47.0 -2.9 Δ Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q1 2020 Q2 2020 Q3 2020 Q4 72 SZAG Investor Relations english 1 B €million million € Core workforce EBT EBITDA External sales € € million sales External re oknskt bookings Order Order backlog Order Technology Business Unit Financials per reporting per reporting date KHS records alower,compensates the Group environmentthat market a turbulent in but nonetheless pleasing result 1 1 kt Y22 FY 2019 FY 2020 1,207.0 1,248.2 5,433 658.1 32.2 0.9 losses of KDE losses of and KDS ,9. 133333291243310.3 264.3 279.1 353.3 -183.3 1,390.3 ,7. 159464234212337.3 221.2 283.4 406.4 -125.9 1,374.2 ,5 175435475545,568 5,504 5,457 5,433 -127 5,557 0. 5. 5. 2. 1. 739.3 618.2 626.4 658.1 -51.3 709.3 27-181. 32-585.2 -15.8 -3.2 14.7 -31.8 32.7 19-972. . 8112.6 -8.1 3.9 23.8 -29.7 61.9 Δ Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q1 2020 Q2 2020 Q3 2020 Q4 73 SZAG Investor Relations english 1 B €million million € Core workforce € million EBT EBITDA sales External Industrial ParticipationsConsolidation / Financials per reporting per reporting date 1 Pre-tax includes € 104.0 million contribution of contribution 104.0 million includes € AurubisPre-tax equity included at an investmentAG, Y22 FY 2019 FY 2020 2,588 148.2 20.8 95.1 ,4 5 ,8 ,0 ,1 2,629 2,617 2,608 2,588 -58 2,646 7. 2. 403. 8738.0 28.7 37.6 44.0 -29.4 177.6 4. 7506283. -21.3 38.8 2.8 0.6 67.5 -46.7 429. 791. 10-8.5 51.0 14.8 37.9 99.4 -4.2 Δ Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q1 2020 Q2 2020 Q3 2020 Q4 74 SZAG Investor Relations english 3 2 1 BACKUP Investor Relations Pensions Financials

SZAG Investor Relations english Internal funding over lifetime of employeelifetime funding overInternal Mechanics of internal pension commitment funding Pensions . . . Monthly payout from operating cash flow payoutfrom operating Monthly non-cash) (both element interest expense and personnel as Contribution and inflatio expectancy life salary, individual of actuarial bydevelopment determined SZAG,is at employment in Provision time company Joins Pension provision (non-cash)Pension provision er Retirement 5 years Contribution by SZAG (non-cash) ... Pension(cash) payment ... n 76 SZAG Investor Relations english 1 . . thereof € 68.1 million covered by assets held by external funds assets held bycovered 68.1 millionby thereof € (2020/12/31) Funding of pension commitmentspension Funding of Pensions − − − − − According to IAS 19: According toIAS m € 2,367 Projected BenefitObligation(PBO): principles Valuation actuarial based onthe Staff1% turnover: p.a. 1.50% p.a. Trend in pensions: Trend in p.a. salaries: 2.50% average line with in market – of 1.10% Discount rate 1 Pension obligations completely covered by internal funds! coveredbyinternal Pension obligations completely 0 1 2 3 4 5 € bn

PBO

Pension provisions

Non-current assets + cash . . . . (2020/12/31) € -432 m € -432 banks: Net positiondueto Non-current assets:€ 4,245 m m € 68.1 funds: externalAssets heldby m € 2,299 provisions pension Balance sheet: 77 SZAG Investor Relations english 3 2 1 BACKUP Investor Relations Pensions Financials

SZAG Investor Relations english Shareholder structure and share turnover Relations Investor Retail investors Other shareholders shareholder identification January of 2021 as Treasury shares: of as July 8, 2010; ot Free float: 63.5% Balanced shareholder shareholder Balanced structure 15.1% Shareholder structure 15.9% 32.5% her information is based on the external external the on based information is her 10.0% 26.5% Institutional investors Lower Saxony Salzgitter AG State of 200 400 600 0 1Q 15 4Q 15 3Q 16 2Q 17 1Q 18 4Q 18 3Q 19 2Q 20 2Q 19 3Q 18 4Q 18 1Q 17 2Q 16 3Q 15 4Q 15 1Q Daily turnover in thousand shares High liquidity High 79 SZAG Investor Relations english Disclaimer prognosis, such statements areal fo of Salzgitter bymanagement made the based on such However,knowledge AG. and estimates any the knowledge as is the case with Tooriented statements pages contain our Internet that theextent Legal Note the respective user, and may not be used within the framework of other depictions, in particular websites, without our express our express without websites, in particular other depictions, user,of the respective framework the be and maynot used within property of Salzgitter AG. We therefore reserve all rights as used on our webpages are and names. The and design elements logos product brands company Salzgitter for inparticular applies property. the ofintellectual protection To the extentthat not to copyr aresubject andgraphics) images texts, among others, on pages (including, these and thedata contained file This data Copyrights document. inthis contained or data information di for Salzgitter assume liabilityin securities. neither AG shall to buy, or invitation an encouragement do notrepresent orconduct sell and datamadeavailable document. The this information that statements or knowledge such of basis the on resulting acts an knowledge of anykind for assume Inparticular,liabilitythis not data. we shall to update particular,are notobligated we so subject an to uncertainties igcnrdcigo eitn ssae,altaeak erle or is bear deviating stated, all trademarks contradicting hing such. such. rega The serves document to non-binding information provide rect nor indirect damages, including lost profits, arising as arising profits, lost including damages, norindirect rect d risks. No emanate directly or indirectly from the or analysis of the indirectly data, emanatedirectly twrso eae oteftr,sc ttmnsaebsdon or towards related to are the future,such based statements twithstanding prevailingstat utory provisio ns and cap ns and a result of the utilization of the the utilization of a result gal trademark protection. protection. This gal trademark d statements, as well as as anyas well d statements, content and correlations of andcorrelations content prior written consent. prior written consent. ital market ital market law in ight and other laws on laws and other ight rding our company to any other type of trade anyother type our current state of state our current the intellectual the intellectual recasts or 80 SZAG Investor Relations