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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;2019:tons; trading volume: 6.6million 3.8 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 2019 Salzgitter Group 6,090 Employees: million € -42.8 EBT: billion € 2.2 External Sales: Strip Steel . . . . € 0.8 billion € 0.8 External Sales: 2,352 Employees: million € -124.0 EBT: Section Steel Plate / EBT External Sales cons : € -253 million € -253 : Salzgitter AGGroup . . . 4,643 Employees: million € -41.5 EBT: billion € 1.1 External Sales: Mannesmann .: € 8.5 billion Employees: . . . 2,066 Employees: million € 31.0 EBT: billion € 2.8 External Sales: Trading 23,354

. . . 5,557 Employees: million € 32.7 EBT: billion € 1.4 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 Tubes producers 3% Re-rollers 5% Mechanical engineering 6% and beverageindustry Food 15% Other 12% External sales 2019by 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

24% 13% 15% 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 26% Europe Other 3% Americas 12% Asia 8% Other 5% External sales 2019by 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 *) € -62,3 million€ restructuring*) provisions,-192,9 € million impai annsbfr a € million million € kt Earnings beforetax Consolidated Sales Crude steelproduction OE% € € million (12/31) Core workforce ROCE (undiluted) Earnings pershare tax Earnings after e aaper 2019/12/31 Key data Salzgitter Group Result of Salzgitter Groupimpacted a tota by of Result mn saelas € -140,8 € otherMio. special effects (cart rment as awell l of € -396.0* million in special effects in of € -396.0* million l ell fine) fine) ell Y21 FY 2018 FY 2019 8,547.3 6,613.4 23,354 -237.3 -253.3 -4.46 -5.8

,7. -730.8 -426.0 9,278.2 7,039.4 353-169 23,523

7. -515.0 -600.6 277.7 347.3 03-16.1 10.3 .6-9.52 5.06 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 Y21 Y21 FY 2018 FY 2019 FY 2019 FY 2018 8,757 1,971 2,328 3,836 623 8,618 1,519 2,248 4,099 751 Continuing sound financial basis Continuing sound financial 8,618 2,225 1,098 2,356 2,939 8,757 2,389 2,276 3,332 760 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 411 0521 0721 2019 2018 2017 2016 2015 340 Investments 1 352 342 15 ceue depreciation Scheduled 287 Focus onexpansion investments 342 49 nceue depreciation Unscheduled 338 340 44 593 193 348 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 Source: Eurostat, own research, last figure from May 2020 May from figure last research, Source: Eurostat, own Economic development in the European Union Situation Market 100 110 120 40 50 60 70 80 90 0720 0921 0121 0321 0521 0721 092020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 Slight uptrend of the EU industrial production since 2013, followed byconsolidation starting in 2018; Germany GB Industrial production in selected countries of the EU (Jan. 2007 = 100) the EU(Jan.2007= countries of selected production in Industrial France deep slump after the startof the corona pandemic Italy Spain 14 SZAG Investor Relations english 100 110 120 130 140 50 60 70 80 90 Raw materials Raw prices Situation Market Coking coal: global demand can be satisfied completely at the moment – with a corresponding effect on pricing a corresponding effect with – the moment at completelydemand can besatisfied global Coking coal: Iron ore: dramatic price surge in the half of after rapid first 2019; decrease recentlyhigh volatility (62% Fe CFR (62% China, US$/dmt) Iron ore 100 150 200 250 300 (FOB Australia, US$/t) oigcoal Coking 15 SZAG Investor Relations english (€/t) Steel prices Situation Market HRC EXW HRC EXW Ruhr 122 thecurrent price developmentis onlyconclusive to a extent limited due to the ongoing special situation Q1/2020 – 300 400 500 600 700 800 900 Following periods of rises, steel prices consolidated since mid 2018 and recovered from the endof 2019until 2018 andrecoveredfrom since mid prices consolidated steel rises, periods of Following Jan. 18 Jul. 18 Jan. 19 Jul. 19 Jan. 20 Jul. Jul. 20 Jan. 20 19 Jul. Jan. 19 18 Jul. Jan. 18 Spot prices Spot prices Northern Europe Plate EXW Ruhr Plate EXW Medium sections (€/t) 300 400 500 600 700 800 900 Jan. 18 Jul. 18 Jan. 19 Jul. 19 Jan. 20 Jul. 20 Jul. Jan. 20 19 Jul. Jan.19 18 Jul. Jan. 18 Hot-rolled coil prices international prices Hot-rolled coil Northern Europe EXW Ruhr Europe EXW Northern USA EXW Indiana USA EXW China Schanghai 16 SZAG Investor Relations english Source: Eurofer, own calculations, based on the scenario of a slow return to normality return a slowof on the scenario based calculations, ownEurofer, Source: -60% -50% -40% -30% -20% -10% EU steel imports EU steel Situation Market 0% Forecast steel demand EU-28 year‘s 2020 EU-28 steeldemand quarter) Forecast (versus previous 122 222 322 422 Ø 2020 Q4/2020 Q3/2020 Q2/2020 Q1/2020 -2% import volumesdo not mirror thedramatic slump of steeldemand from onwards April -54% -27% The market share of steel imports is setto increase; -13% -24% 1,000 1,500 2,000 2,500 500 0 0421 0721 09Q 00Q22020 Q1 2020 2019 2018 2017 2016 2014 Market share imports share Market Iran Turkey China Rolled steel imports into the EU-28 (int/month) the EU-28 into steel imports Rolled Expected market share imports share Expected market Brazil India Ukraine Other South Korea Russia 20% 16% 12% 8% 4% 0% 17 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 34% 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 by2019 industryExternal customer Key data FY 2019 Construction industry Vehicle construction electrical equipment White goods, White 6,090 2,209 -43 Other 34% 7% 4% 5% 19 SZAG Investor Relations english Germany; shareholder: SZAG 100% ...... Salzgitter FlachstahlGmbH Employees Sales Shipments Strip Products Unit Business Steel Strip 4% market share in theEU28 4% 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 ,6 5,587 5,666 12/31 m2872,758 2,887 €m t4314,239 4,341 kt 082019 2018 Supplier of premium OEMs premium of Supplier 20 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 51 70 52 71 €m 12/31 Employees Sales ae m7 62 116 71 122 €m 12/31 Employees Sales Salzgitter Europlatinen GmbH Salzgitter Bauelemente GmbH Processing Unit Business Steel Strip 082019 2018 082019 2018 21 SZAG Investor Relations english . . . Germany; shareholder: SZAG 100% Salzgitter Mannesmann StahlserviceGmbH ae m45369 317 532 415 323 584 €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 082019 2018 Europe Excellent position in theheart of 22 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 10% Tube producers 3% Other 21% External sales sales by2019 industryExternal customer Key data FY 2019 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 2,352 -124 Traders 805 11% 46% 1% 8% 24 SZAG Investor Relations english . . . . . Germany; shareholder: SZAG 100% Ilsenburger Grobblech GmbH ae m54494 655 625 534 741 697 €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 082019 2018 25 SZAG Investor Relations english . . . Germany; shareholder: SZAG 100% Salzgitter Mannesmann Grobblech GmbH ae m38256 536 371 378 539 526 €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 082019 2018 26 SZAG Investor Relations english ...... Germany; shareholder: SZAG 100% ae m69553 773 953 619 785 1,022 €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 13% marketshare intheEU28 (plus N, CH) mt/year1.0 capacityAdjusted crudesteel Twofurnaces top-modernelectric arc Progressive and flexible mini mill Medium and heavysteel beams,Peine sections 082019 2018 27 SZAG Investor Relations english ferro alloys,as well asrolled steel products Specialist scrap, newtrader forferrousscrap,non-ferrous metalsand shareholder: SZAG100% Germany; ae m68571 380 678 378 €m 12/31 Employees Sales Deutsche Erz- und Metall-Union-Gruppe und Deutsche Erz- Other Companies BusinessUnit Steel / Plate Section 082019 2018 28 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 player in the high quality segment of the global tubes market the global segment of high qualityin the playerGlobal 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 10% 5% Other 35% External sales sales by2019 industryExternal customer KeyData FY 2019 annsbfr ae €m €m Core workforce(12/31) Earnings before taxes Sales Consolidated Construction industry Construction Vehicle construction Vehicle Energy sector and utilities 4,643 1,120 Traders -42 27% 15% 6% 2% 30 SZAG Investor Relations english . . . . . shareholder: Germany;SZAG 50%,Dillinger Hüttenwerke50% ae m93777 1,083 581 953 1,047 895 €m 12/31 kt Employees Sales Shipments EUROPIPE Group Line Pipes Unit Mannesmann Business Since January 1,2014 reported at equity locationsUSA inD,3 World marketleader(7%share) In-house coating activities pipelines transcontinental andunderwater welded spiral Longitudinal and large-diameter pipesfor 082019 2018 31 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 m6 58 124 67 125 €m 254 12/31 357 285 364 Employees €m Sales 12/31 Employees Sales Mannesmann Line Pipe GmbHPipe Mannesmann Line Mannesmann Großrohr GmbH Mannesmann Großrohr Line Pipes Unit Mannesmann Business 082019 2018 2019 2018 32 SZAG Investor Relations english . . . . Germany; shareholder: SZAG 100% ae m47458 2,256 247 497 2,287 276 €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 082019 2018 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 33 SZAG Investor Relations english . . . Germany; shareholder: SZAG 100% ae m25290 23 1,021 245 1,000 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- 082019 2018 34 SZAG Investor Relations english . . . . SZAG 30% +Vallourec 20% (Pool) Germany; shareholder: ThyssenKrupp 50%, ae m2482,496 2,947 2,468 2,980 €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 082019 2018 35 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 30 countries in sites 74 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 2019 External sales sales by2019 industryExternal customer Energy sector Energy Construction industry Construction Vehicle construction Vehicle electrical equipment electrical White goods, White and ut and 2,066 2,846 -31 Other ilities 12% 31% 3% 4% 6% 37 SZAG Investor Relations english Trading 2 Rep.offices 10 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 2019: 4.0 mt Sales 2019: € 2.7 billion € 2.7 Sales2019: Shipments 2019:4.0mt Stockholding GmbH, Düsseldorf Düsseldorf (SMSD) GmbH, Stahlhandel Salzgitter Mannesmann cutting plants), 4 cutting plants), Sales offices (incl. 4flame processing further and 19 with warehousesBranches Baunatal (SCB) Baunatal GmbH, Baunatal Stahl-Center 63 locations in 27 countries with 1,861 employees27 countries with in 63 locations Salzgitter Mannesmann Handel 7 Companies Europa Agencies 4 Agencies Europa 38 SZAG Investor Relations english North America 2 Branches UNIVERSAL STEEL AMERICA, Inc., Houston, USA UniversalEisen und Stahl Group Unit Trading Business Shipments 2019: 0.2 mt Sales 2019: € 0.2 billion € 0.2 Sales2019: Shipments 2019:0.2mt 11 365 employees6 countries with in locations 5 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 39 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% 41 SZAG Investor Relations english ...... shareholder: SZAG100% Germany; ae m1111,260 4,793 1,161 4,714 €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 082019 2018 42 SZAG Investor Relations english shoes and shoe soles World’s largest the fabrication producer ofmachines of for machinery World market leaderforrubberandsilicone injection molding ae m6 52 224 62 224 79 €m 12/31 540 116 552 Employees €m Sales 12/31 Employees Sales Klöckner DESMAEl DESMA Schuhmaschinen GmbH Special machinery TechnologyUnit Business astomertechnik Group 082019 2018 2019 2018 43 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 2,646 178 -47 45 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 46 SZAG Investor Relations english volume of approximately 43 million tons Commercial transportation provider an annual with freight (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 SZAG 51% share: Verkehrsbetriebe Peine-Salzgitter Hansaport RSE Glückauf Immobilien, Raw Materials Raw and Logistics Participations Industrial 1 of approximately15 million tons 47 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 48 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 Since 2008 successful shareholding in the leading European the leading copper producer Since 2008successful shareholding in 2011/2012

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 . . (per FY18/19) 119.4 € 2009: million received since dividend Net 2019) 23, (per May shareholding: 29.99% SZAG 49 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 51 SZAG Investor Relations english Goals “Salzgitter AG 2021” growth stra growth 2021” “Salzgitter AG Strategy Start 2016 H1 2020 il50% Ziel 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 52 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 53 SZAG Investor Relations english Source: ICIS, own calculations ICIS, own Source: Challenge: CO Strategy

€/t CO2 10 15 20 25 30 35 40 45 50 0 5 0721 0922 0122 0322 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 54 SZAG Investor Relations english *) Per ad-hoc release from June 14, 2019; the difference between recorded value and market value per August 6, 2020 is higher t higher August 6, 2020 is per market value and value recorded between 14, 2019; the difference from June release Per ad-hoc *) acquired asa precaution • Current market value of the CO the of market Current value • • Shortfall inCO Shortfall • 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 around € 300 million* € around bysheet balance the in for accounted figure the purpose exceeds allowances acquired for this 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 han € 300 million han € 300 …and pioneer at the same time the same …and pioneerat Target: up of Reduction to 95 % • • Significant, gradual reduction Significant, of • Salzgitter Flachstahl until 2050 until Flachstahl Salzgitter of the CO the of the CO the 2 emissions of emissions of Salzgitter AG 2 emissions of of emissions 55 SZAG Investor Relations english Ready for the future: forthefuture: tran Ready Strategy We are committed to the current targets of climate the EU and are activelyparticipating sformation towards a low-CO sformation towards protection. energy industry, intensive sets downan im the of representative being and, company promoting asa Protection” Climate for German CEOs Salzgitter the “Foundation 2 Degrees hasjoined AG – 12/12/2019 Group is pioneering CO Group foundation’s work.” framework conditions from the s the from conditions framework necessary the about date to discussions from ourexperience contribute “With our ‘SALCOS our “With 2 business location business location portant marker for corporate climate climate corporate markerfor portant ® Professor Dr.-Ing.Professor Heinz JörgFuhrmann Salzgitter Low CO – 2 -low steel production of the future. We willingly future. the of production steel -low phere of politics and energy to the the and energyto politics phere of 2 Steelmaking’ project, our 56 SZAG Investor Relations english Technicalapproach: assessment solution Strategy 6. 5. 4. 3. 2. 1. a holistic CO Integration withlocal industrial sectors possibl concept social Economical, ecological and carbon leakage production, no No relocationof high level of electricity production from renew electricityproduction from high levelof LowerSaxonyhas thebest preconditions be theNo. 1 transformationstateinGermany: to available in the market The Salzgitter AG hastheleading concept. T industryand sector comparison Biggest CO 2 reduction of renewablepotential per MWh energi 2 -free product lifecycle Arguments for Green steel with SALCOSGreen steelwith he required individual technical he requiredindividual components are able sourcesand required hydrogeninfrastructure e (among others automotive) e (amongothers ® sensible and realisable! – es used in aprocessual as well as ; importantcomponent of 57 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 Gruadual technical implementation possible as soon as the neceddary framework conditions are realized soon the neceddarypossible as as framework technical implementation Gruadual ® Gradual conversion toa H – 2 -based steel production -based steel Weready! are litical framework. litical 58 SZAG Investor Relations english First stepsofSALCOS Strategy . . . MACOR: tSlgte lcsalasfrom2020 at Salzgitter Flachstahl World‘s steam electrolysisfirst on scale MW der Salzgitter Flachstahl der ab 2020 Weltweitim MW-Maßstab Dampf-Elektrolysebei erste by 2021 Results of cost-effectiveness analysis reduction plant and direct shop melt Numerical modellingof Analysisconditions offramework 2017 SAL COS -feasibility study ® were already implemented already were 2018 2019 electrolytic hydrogen on the works premises and powervia wind electrical energy of Production integration sector Wind-H2 – Werksgelände Wasserstoffund elektrolytischem auf dem Produktion vonelektrischerEnergie viaWindkraft Sektorkopplung Wind-H2 – for directreduction in Salzgitter plant Project planning a demonstration of “Mini-SALCOS 2020 in Wilhelmshaven Iron oredirect reduction plant Feasibility study ® ” 2021 59 SZAG Investor Relations english • Construction of a 2.5 MW plant until PEM electrolysisend MW a 2.5 of Construction • third all seventurbines isscheduled the Completion of for • Erection of seven wind turbineswithan overall output of30 • via windelectricityand electrolyticpower Production of • production Important building block climate-friendly on the towards way steel “Salzgitter Wind Hydrogen” Strategy of 2020 quarter of2020 Salzgitter Group grounds of on the megawatt hydrogenat theplant site “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 60 SZAG Investor Relations english Goal • Results to be available by March 31, 2021 at the lates the 31, 2021at be available March to Results by • Developing for supplyinginfrastructure necessary it with raw • an upstream reduction plantwitha direct of Construction • Study Production of 2 mt p.a.directlyreduced iron for the • Feasibility study for the direct reduction studyFeasibility Strategy Wilhelmshaven of port deepwater at the natural gasandhydrogenmaterials, aswell as hydrogenelectrolyzer steelworks GmbH’s integrated in Salzgitter Flachstahl steel products compatible strip processing intohigh-grade, environmentally Another tangible step towards a low-CO step towards tangible Another of ironoreatWilhelmshavenagreed upon 2 hydrogen-based steel production on the basis of SALCOShydrogen-basedbasis of steel production on the t Project partners ® 61 SZAG Investor Relations english . Ilsenburger Grobblech: New heat treatment line . . . . Hot-Dip GalvanizingSalzgitter Flachstahl:Line 3 . . . . Update investmentprojects Strategy Optimization of theproductportfolio Current status:Installation of theplant 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: 62 SZAG Investor Relations english 5 4 3 2 1 Guidance Strategy Business Units Situation Market Group Salzgitter

SZAG Investor Relations english eatcpt httescn n hr ure illkl aktebtoigoto h urn rss ttesm ie the time, same the At 2020: crisis. year current financial current the the of in Group out Salzgitter bottoming the for the following mark the recovery likely anticipate macroeconomic we will feasible backdrop, a quarter this of Against third timescale and the second and strength the that anticipate We 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 return oncapital employed(ROCE)that is to result inthelow pre-tax a negative a notable reduction insales, sts or prognosis sts or , such statements are al such statements are , so subject so subject to uncertain mid-triple digit million euro range and tangibly below the previous year'sfigure. 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 ntescn afo h eraesbett ra uncertainty. great to subject are year the of half second the in 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 External sales Crude steelproduction OE% € million € € million Core workforce ROCE (undiluted) Earnings pershare tax Earnings after Earnings beforetax e aaper 2020/06/30 Key data Financials only from entitiesfrom only within the Group Cons of Salzgitter Group with decline of sales and earnings due to lower demand as a result of the corona pandemic of the result demand asa and earnings duetolower of sales decline with Group Salzgitter 1 2 olidated SalzgitterCompaniesGroup of € million 2 per reporting date 122 H12019 H1 2020 2,952.7 3,631.0 23,009 -144.7 -127.8 -2.70 -6.3 ,1. 49412121,681.5 1,271.2 -459.4 3,412.1 ,2. 85215272,108.3 1,522.7 -895.2 4,526.2 369-3 30923,308 23,009 -630 23,639 4. 231-64-31.4 -96.4 -273.1 145.3 64-4. 110-43.7 -101.0 -241.1 96.4 .3-.3-.8-0.83 -1.88 -4.43 1.73 . 1. 1. -2.4 -10.0 -14.2 7.9 Δ 222 Q12020 Q2 2020 66 SZAG Investor Relations english noeSaeet( ilo)H 00H12019 H12020 (€ million) Income Statement Finance income Consolidated result Consolidated Result from investments accounted for using the equity method equity usingthe for accounted investments Result from from shareholdings Income assets financial of losses impairment of reversal lossesand impairment Result from annsbfr ae ET 178153-273.1 145.3 -127.8 tax Income before taxes Earnings (EBT) Finance expenses Other operating expenses and equipment and Amortization depreciation of int Personnel 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 2,373.3 ,7. ,2. -954.1 4,527.9 3,573.8 ,3. ,2. -895.2 4,526.2 3,631.0 1479. -241.1 96.4 -144.7 462.1 148.7 846.0 132.9 -57.2 33.3 16.9 34.8 -8.9 3.9 2.1 2,938.1 496.6 176.4 890.7 55.1 10.0 48.9 39.2 91.4 0.6 1.4 1.7 -564.8 -21.8 -32.0 -34.5 -27.7 -44.7 -58.9 41.5 -9.6 -6.0 -4.4 0.8 Δ 67 SZAG Investor Relations english ses( ilo) 3.622 31.12.2019 30.06.2020 Assets (€ million) Balance sheet total Assets available for sale available for Assets equivalents Cash and cash Securities Income tax Income assets receivables and Other other assets Contract assets Trade receivables Inventories assets Current tax assets income Deferred Income tax Income assets Other receivables and Other other assets Trade receivables Investments accounted for accountedfor Investments using the equity method Financial assets Investment property Investment Intangible assets, property,assets, Intangible plant andequipment assets Non-current Consolidated balance sheet Consolidated balance Financials ,2. ,1. -493.2 8,617.5 8,124.4 1,019.1 ,9. ,1. -522.2 4,518.6 2,047.0 3,996.3 1,097.1 ,2. ,9. 29.0 4,099.0 2,385.5 4,128.0 401.5 204.5 257.2 473.0 38.9 24.4 23.2 59.5 81.3 3.7 0.1 8.3 ,4. -201.1 2,248.1 ,7. 24.1 1,072.9 ,4. 42.5 2,343.0 ,1. -99.3 1,118.4 0. -299.0 700.5 9. 12.7 70.9 191.8 186.3 9. -19.3 492.3 09-12.0 50.9 261.9 22.6 56-2.4 25.6 84-10.1 18.4 47-5.2 64.7 20-0.7 82.0 . 3.7 0.0 . 0.1 0.0 Δ 68 SZAG Investor Relations english Equity and liabilities Subscribed capital Subscribed Equity Capital reserve Minority Interest shares Treasury Unappropriated retainedearnings Unappropriated Other reserves Other earnings Retained Other provisions Other Income tax liabilities tax Income Deferred tax liabilities tax Deferred obligations similar and for pensions Provisions Non-current liabilities Financial liabilities Financial Other provisions Other Current liabilities Other liabilities Other Financial liabilities Financial Trade payablesTrade Liability contracts Income tax liabilities tax Income Other liabilities Other Balance sheet total Balance Consolidated balance sheet Consolidated balance Financials €mlin 00.0031.12.2019 30.06.2020 (€ million) ,9. ,3. -143.2 2,938.7 2,795.5 2,726.6 ,6. ,5. 110.6 3,453.6 2,298.5 3,564.2 ,6. ,2. -460.7 2,225.3 1,764.7 ,2. ,1. -493.2 8,617.5 8,124.4 -369.7 161.6 257.0 328.8 808.5 198.7 287.0 785.0 186.4 300.8 12.1 36.5 72.5 19.4 7.1 0.8 6.7 ,4. -118.5 2,845.2 ,5. -57.6 2,356.1 3970.0 -369.7 6. 0.0 161.6 5. 0.0 257.0 3. -6.1 334.9 3. 171.4 637.1 2. -25.9 224.6 3. -143.2 430.1 1. -130.3 915.2 0. -14.2 200.7 4. -145.2 446.0 210.0 12.1 30-22.2 23.0 66-0.1 36.6 200.5 72.0 682.6 16.8 . -2.4 9.6 . -1.9 8.6 Δ 69 SZAG Investor Relations english Cash flow statement Cash flow Financials € million € million 200 400 600 800 0 equivalents at start Cash and cash and Cash of period Cash flow Cash reflects the flow from investmentactivities progress of the two large strategic projects 700.5 Negative cash characterized flow from operating activitiesby the pre-tax loss; from operating Cash flow Cash activities -121.5 from investment Cash flow Cash activities -161.1 from financing Cash flow Cash activities -12.5 te Cash andcash Other -3.9 equivalents at end of period 401.5 70 SZAG Investor Relations english 1 B €million € million Core workforce EBT EBITDA re oknskt € million Order backlog Order bookings External sales Strip SteelBusiness Unit Financials per reporting per reporting date 1 1 noticeably lower shipments drive decline in sales and pre-tax loss loss sales and pre-tax decline in shipments drivelower noticeably Slump of order intake inthe second half ofMarch; kt 122 H12019 H1 2020 1,834.0 779.4 6,040 902.8 -69.2 12.4 ,8. 4846091,193.1 566.2 640.9 336.6 -448.4 -272.7 2,282.4 1,175.5 3. 130794917.8 779.4 -153.0 932.4 6. 159-2334.6 -22.3 -155.9 168.2 ,9 126006,113 6,040 -152 6,192 03-2. 6. -6.8 -62.4 -129.5 60.3 Δ 222 Q12020 Q2 2020 71 SZAG Investor Relations english 1 Core workforce B €million € million EBT EBITDA xenlsls€ million External sales re oknskt Order backlog Order bookings Plate / Section Steel Business Plate / Unit Financials per reporting per reporting date insufficient earnings of the heavy plate companies were the cause of the negative result of the business unit of negativeresult the cause ofthe companies were the heavyplate earnings of insufficient 1 1 External sales below previous year’s figure to volumes and prices; volumes figure to previousyear’ssales below External kt 122 H12019 H1 2020 274.2 2,347 363.2 965.5 -27.0 -12.7 ,3. 6. 8. 583.8 381.7 -69.7 1,035.2 1. 4. 7. 369.4 274.2 -40.4 314.6 ,2 7 ,4 2,353 2,347 -78 2,425 4. 7. 6. 194.5 168.7 -79.0 442.3 47-74-492.2 -14.9 -37.4 24.7 . 2. 2. -4.2 -22.8 -27.5 0.6 Δ 222 Q12020 Q2 2020 72 SZAG Investor Relations english xenlsls€ million External sales Core workforce B €million € million EBT EBITDA re okns€ million Order bookings Order backlog 1) 1) Mannesmann BusinessUnit Financials Tubes, per date Tubes, reporting 1 1 Dramatic decline of the demand for steel tubes from the oil, gas and automotive sectors; gas andautomotivethe oil, tubes from steel the demand for decline of Dramatic Loss of the precision tubes segment defines the earnings of the business earnings ofthe unit defines the precision tubessegment Loss ofthe € million 122 H12019 H1 2020 347.8 494.5 497.8 4,511 -22.7 8.1 ,9 154514,609 4,511 -185 4,696 6. 133378402.3 347.8 -113.3 461.1 8. 8. 9. 295.9 198.6 -87.8 582.3 8. 181183319.5 178.3 -188.1 686.0 41-60-. 10.5 -2.4 -36.0 44.1 . 3. 1. -4.6 -18.1 -31.8 9.0 Δ 222 Q12020 Q2 2020 73 SZAG Investor Relations english 1 BTA€ million kt € million EBITDA Shipments External sales B €million EBT Core workforce Trading BusinessUnit Financials per reporting per reporting date Decreased shipments and unsatisfactorypricing situation cause decline in external sales and loss before taxes 1 Lower volumes especially in international trading; international in especially volumesLower 122 H12019 H1 2020 1,724.4 1,229.2 1,990 -15.8 -5.1 ,9. 364769977.5 703.4 746.9 525.8 -366.4 -349.0 2,090.7 1,578.3 ,2 111902,036 1,990 -131 2,121 84-35-085.8 -10.8 -23.5 18.4 . 1. 1. 0.3 -16.1 -19.9 4.1 Δ 222 Q12020 Q2 2020 74 SZAG Investor Relations english 1 B €million € million Core workforce EBT EBITDA xenlsls€ million External sales re oknskt Order bookings Order backlog Technology Business Unit Financials per reporting per reporting date Pre-tax profit ofKHS Group is unable to compensate the losses of the plastics machineryproducers 1 1 Sharp decline in demand from customers as a result of the COVID-19 pandemic; of the result customers as a demand from Sharp decline in kt 122 H12019 H1 2020 618.2 5,504 574.6 558.4 -10.6 4.5 2. 158682739.3 618.2 -105.8 724.0 ,5 5 ,0 5,568 5,504 -52 5,556 5. 8. 6. 310.3 264.3 -82.3 656.9 8. 136212337.3 221.2 -123.6 682.0 84-40-. 12.6 -8.1 -24.0 28.4 61-67-585.2 -15.8 -26.7 16.1 Δ 222 Q12020 Q2 2020 75 SZAG Investor Relations english 1 an average price below the market value of the pro rata equity of rata equityan averagevaluethe shares of thepro belowthemarket price of accountingan income27.8 millionfrom adjustment thereof € thr * B €million € million € million Core workforce EBT EBITDA External sales Industrial ParticipationsConsolidation / Financials per reporting per reporting date Profit before taxes includes € 34.0 million contribution from the participating investment in investmentthe participating from contribution Aurubis34.0 million taxes includes € before accounted for AGProfit 1 ough profit and loss in connectionloss in ough and profit using the equitymethod using the 122 H12019 H1 2020 2,617 with Aurubis AG shares acqu 17.4 42.5 66.7 ,4 3 ,1 2,629 2,617 -32 2,649 51-773. -21.3 -8.5 38.8 38.0 51.0 -37.7 28.7 -27.2 55.1 -24.3 69.7 91.0 ired in the first six months of 2019at of months six first the ired in * Δ 222 Q12020 Q2 2020 76 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 78 SZAG Investor Relations english 1 . . thereof € 65.6 million covered by assets held by external funds assets held bycovered65.6 million by thereof € (2019/12/31) Funding of pension commitmentspension Funding of Pensions − − − − − According to IAS 19: According toIAS m € 2,422 Projected BenefitObligation(PBO): Discount rate of 1.50% Discount rate principles Valuation actuarial based onthe Staff1% turnover: p.a. 1.75% p.a. Trend in pensions: Trend in p.a. salaries: 2.75% average line with in market – 1 2 Pension obligations completely covered by internal funds! coveredbyinternal Pension obligations completely 1 per 2020/06/30,per previously 1.80% 0 1 2 3 4 5 € bn

PBO per 2020/03/31, per previously: 1.40%

Pension provisions

Non-current assets + cash . . . . (2019/12/31) € -140 m € -140 banks: Net positiondueto Non-current assets:€ 4,099 m m € 65.6 funds: externalAssets heldby m € 2,356 provisions pension Balance sheet: 79 SZAG Investor Relations english 3 2 1 BACKUP Investor Relations Pensions Financials

SZAG Investor Relations english Shareholder structure and share turnover Relations Investor – UK + Ireland UK + – shareholdersInst. other Europe – holders share- Inst. Other shareholders shareholder identification January of 2020 as Treasury shares: of as July 8, 2010; ot Free float: 63.5% Regions other – shareholdersInst. Balanced shareholder shareholder Balanced structure 4.8% 0.9% 2.8% Shareholder structure 23.9% 22.7% her information is based on the external external the on based information is her 10.0% 8.5% Inst. shareholders – North America North shareholdersInst. – 26.5% Inst. ShareholdersInst. Lower Saxony Salzgitter AG Germany – State of 200 400 600 0 1Q 14 4Q 14 3Q 15 2Q 16 1Q 17 4Q 17 3Q 18 2Q 19 1Q 20 1Q 19 2Q 18 3Q 17 4Q 17 1Q 16 2Q 15 3Q 14 4Q 14 1Q Daily turnover in thousand shares High liquidity High 81 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 82 SZAG Investor Relations