Presentation ThyssenKrupp Group, DZ Bank German Investment Day, Luxembourg, May 27, ThyssenKrupp

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1 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27,

2 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Disclaimer AG The information set forth and included in this presentation is not provided in connection with an offer or solicitation for the purchase or sale of a security and is intended for informational purposes only. This presentation contains forward-looking statements that are subject to risks and uncertainties. Statements contained herein that are not statements of historical fact may be deemed to be forward-looking information. When we use words such as plan, believe, expect, anticipate, intend, estimate, may or similar expressions, we are making forward-looking statements. You should not rely on forward-looking statements because they are subject to a number of assumptions concerning future events, and are subject to a number of uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from those indicated. These factors include, but are not limited to, the following: (i) market risks: principally economic price and volume developments, (ii) dependence on performance of major customers and industries, (iii) our level of debt, management of interest rate risk and hedging against commodity price risks; (iv) costs associated with, and regulation relating to, our pension liabilities and healthcare measures, (v) environmental protection and remediation of real estate and associated with rising standards for real estate environmental protection, (vi) volatility of steel prices and dependence on the automotive industry, (vii) availability of raw materials; (viii) inflation, interest rate levels and fluctuations in exchange rates; (ix) general economic, political and business conditions and existing and future governmental regulation; and (x) the effects of competition. Please note that we disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

3 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Agenda Group Structure and Strategy Group Financials and Segment Performance Appendix

4 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Group FY 2007/08 AG FY 2007/08: Sales 53,426 m EBT 3,128 m TKVA 1,916 m Employees 199,374 Steel Stainless Technologies Elevator Services Sales 14.4 bn EBT 1,540 m TKVA 1,007 m Employees 41,311 Sales 7.4 bn EBT 126 m TKVA (119) m Employees 12,212 Sales 12.4 bn EBT 741 m TKVA 502 m Employees 54,043 Sales 4.9 bn EBT 434 m TKVA 314 m Employees 42,992 Sales 17.3 bn EBT 750 m TKVA 508 m Employees 46,486 Corporate Steelmaking Industry Auto Processing Nirosta Acciai Speciali Terni Mexinox Shanghai Krupp Stainless Stainless Int. VDM Plant Technology Marine Systems Mechanical Components Automotive Solutions Transrapid 4 regional business units Escalators/ Passenger Boarding Bridges Accessibility Materials Services International Materials Services North America Industrial Services Special Products Inter-segment sales not consolidated

5 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 Cornerstones of the Group s Strategy 4 Earnings Active portfolio management Development of core businesses Group initiatives Divestments Materials Steel Europe Steel Americas Stainless Global Materials Services Reorganization TK PLuS Acquisitions Technologies Elevator Technology Plant Technology Components Technology Marine Systems TK best HR / MD / Academy Innovation / R&D Clear and consistent performance orientation Value management Target setting and controlling Allocation of resources

6 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Core Targets of the Reorganization Strategically centralized Operationally decentralized TK AG CEO CFO AD CEO TKS CEO TKL CEO TKT stv. CEO TKT CEO TKE/TKX with stronger control with faster decision making TKS AG TKL AG TKT AG TKE AG TKX AG CEO CFO AD V V V V V CEO CFO AD CEO CFO AD V V V CEO CFO AD CEO CFO AD V V V Leaner Corporate TKS Steelmaking Industry Auto Metal Forming CSA Compass with fewer business units with fewer organizational levels Processing HHO Rasselstein Elektroband Nirosta AST Mexinox Stainless USA Stainless International VDM Plant Polysius CENE Technology Fördertechnik Naval Marine Systems Shipyards & SEAME Reorganization Services Mechnical Components Automotive Solutions Uhde Rothe Erde Berco Presta Cam. Forging G. Waupaca Presta St. Bilstein System Engineering/ DNK Americas Asia/Pacific Transrapid Escalators/PBB Stronger focus Accessibility on operating business on cooperation within the group MS International Cost savings MS North America through greater concentration with reduced capacity Industrial Services Special Products

7 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Reorganization Overview Strong corporate center Strategic further development as integrated materials and technology group Value-based control Active portfolio management Selective growth Focused corporate initiatives AG Corporate Center Steel Europe Steel Americas Stainless Global Materials Materials Services Elevator Technology Plant Technology Components Technology Technologies Marine Systems Focus and expand materials capabilities and services Focus and expand technological capabilities based on megatrends Focus services (Shared Services) Groupwide Shared Services

8 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, New Organizational Structure Group Executive Board AG CEO Vice CEO CFO HR Director Executive Board Member - Materials Executive Board Member - Technologies Corporate Center Functions CC-CS CC-EM CC-LC CC-IA New Organization PLuS CC-CT CC-AR CC-CF CC-IR CC-HR CC-IM CC-MA CC-TC CC-MM Business Areas Steel Europe Steel Americas Stainless Global Materials Services Elevator Technology Plant Technology Comp. Technology Marine Systems Operating Units Uhde Polysius Fördertechnik Steelmaking Auto Industry HHO Rasselstein E-Band Metal Forming CSA Compass Nirosta AST NewStar Mexinox SKS VDM MS Int. MS NA Sp. Products Ind. Services EMEA AMS AP PBB Access. System Eng. Rothe Erde Berco Camshafts Steering Forging Group Bilstein Waupaca TKMS Group Companies Shared Services Shared Services Finance Services HR Services IT Services Media Services TKDL TKRE Other

9 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Agenda Group Structure and Strategy Group Financials and Segment Performance Appendix

10 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 Group Overview Q2 2008/09 Highlights 9 Order intake 7,642 m (41)% (46)% Sales 9,859 m (14)% (25)% EBT as reported (455) m (695) m (1,197) m EBT before major nonrecurring items (283) m (616) m (1,067) m Positive earnings at Steel Negative results at Stainless and Services due to falling prices and volumes Technologies hit by automotive, construction equipment and civil shipbuilding business Elevator with strong earnings Operating cash flow 1,483 m +272% +48% Group performance hit by: - further deteriorating economic environment - restructuring charges -impairments qoq yoy

11 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 Group Financials Order Intake and Sales 10 Order intake million Sales million 2008/ /09 7,642 9,859 12,887 20,529 11,522 21,381 Q1 Q2 H1 Q1 Q2 H1 2007/ /08 14,084 13,199 27,354 25,469 13,270 12,270 Q1 Q2 H1 Q1 Q2 H1

12 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 Group Financials EBT 11 EBT as reported million EBT before major nonrecurring items million 2008/ / (455) (215) Q1 Q2 H1 H1: inventory writedowns and windfall losses ~ 650 m thereof: Q1 Q2 Stainless ~ 200 m ~ 150 m Services ~ 100 m ~ 150 m 333 (283) 50 Q1 Q2 H1 2007/ / , ,499 Q1 Q2 H1 Q1 Q2 H1

13 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 Reconciliation of Group Earnings 12 H1 2008/09 million Major nonrecurring items 2008/09 million EBT as reported (215) Q1 93 Major nonrecurring items EBT before major Q1 Q2 nonrecurring Q2 items Project costs (83) (26) thereof: TK CSA, Brazil (57) (17) Steel/Stainless Alabama (26) (9) Steel: - restructuring SSC (5) - restructuring Metal Forming (8) (3) Stainless: asset impairment (60) Technologies: - restructuring/disp. (60) - asset impairment (16) Elevator: restructuring (2) (2) (93) (172)

14 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 Segment Overview Quarterly EBT / /09 change million Q2 Q1 Q2 qoq yoy Steel (195) (340) before major nonrecurring items (249) (376) Stainless 38 (249) (373) (124) (411) before major nonrecurring items 42 (242) (309) (67) (351) Technologies (105) (269) (291) before major nonrecurring items (29) (193) (184) Elevator (10) 56 before major nonrecurring items (10) 58 Services (78) (108) (213) Corporate (97) (108) (103) 5 (6) Consolidation (6) (4) before major nonrecurring items (3) (4) Group (455) (695) (1,197) Group before major nonrecurring items (283) (616) (1,067)

15 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Group Financials Net Income Operating Cash Flow Elevator Development of operating cash flow in Q2 2008/09 million (362) Net income D/A 418 Change in accrued pensions (36) Deferred Taxes (147) Others 5 Technologies 287 Stainless 528 Steel 28 Elevator 182 Services 241 Corporate/ Cons. 339 Net working capital change: 1,606 1,483 Operating cash flow

16 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Group Financials Net Financial Debt Development of net financial debt in Q2 2008/09 million (3,514) (3,687) Gearing 32.5% Free cash flow: 419 1, (1,090) Divestments thereof: Steel 563 thereof: TK CSA 308 NAFTA Steel 127 Stainless 46 Technologies 361 Elevator 36 Services 57 Gearing 36.2% Net financial debt Dec 2008 Operating cash flow Capex (603) Dividend 11 Others Net financial debt Mar 2009

17 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Solid Financial Situation No Short-Term Refinancing Needs Maturity profile of gross financial debt as of March 31, 2009 million Total: 7,507 4,008 11% 3% 11% 3% 18% 54% ,302 H2 2008/ / / / /13 thereafter Liquidity analysis as of March 31, 2009 billion Cash and cash equivalents Available committed credit facilities * * incl. securities of 0.1 bn Cash and undrawn committed credit lines Bond emission April 09 Short-term financial debt due in H2 2008/09 Net liquidity

18 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 Progress of Net Working Capital Reduction and Cost Savings 2008/09 17 Net working capital development million Progress of cost savings million Measures: Inventory reduction, adjustment of required stock levels Improvement of turnover rate Optimization of spare parts Accounts receivable and accounts payable management Target ~2,000 On Track Target >1, > 500 (1,230) 1,606 Q1 Q2 H1 FY Main contribution expected in H2 2008/09 H1 FY Measures: Human Resources measures (e.g. layoff of temporary staff, short-time working) Reduction of administrative costs Adjustment of maintenance and repair charges Optimization of energy management

19 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Capital Expenditures in 2008/09 Overview of capital expenditures by degree of completion Target 4,500 m 5,000 m < 50% 50% to 80% Capex H1 2008/09: Major investment projects > 80% TK CSA NAFTA Steel NAFTA Stainless 849 m 196 m 24 m 1,069 m Großprojekte 2.994

20 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 Group Outlook 2008/09 19 EBT before major nonrecurring items Mid-range to upper three-digit million negative depending on economic environment EBT as reported Impacted by: Restructuring charges: to achieve major cost savings in the future for reorganization Project costs for the new steel plants Potential impairment charges

21 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 Steel Q2 2008/09 Highlights EBT in m excl. major nonrecurring items Order intake in m (66) 462 (66) (145) (68) 335 (84) (30) 56 Q1 Q2 Q3 Q4 Q1 Q2 2007/ /09 3,188 3,986 3,765 3,260 2,036 1,651 Q1 Q2 Q3 Q4 Q1 Q2 2007/ /09 Comments Q2 2008/09 Outlook H2 2008/09 Relatively stable average revenues/ton Lower shipments Further reduction of capacity utilization Net working capital release commenced Declining order intake aggravated by de-stocking Further production cuts and underutilization Declining average revenues/ton Benefit from lower raw material prices from beginning of next fiscal year Net working capital release Restructuring charges

22 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 Order Intake Remained at Very Low Levels in April Order Intake German Steel Industry; January 1991 April ,000 t 5,000 4,500 4,000 3,500 3,000 2,500 April ,000 1,500 1, Jan-91 Jan-92 Jan-93 Jan-94 Jan-95 Jan-96 Jan-97 Jan-98 Jan-99 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Source: WV

23 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 De-Stocking Peaking in Europe; Virtually Completed in the US 22 Inventories and Months of Supply - Europe Inventories and Months of Supply - USA Inventories China 3.0 Inventories [m t] MOS [months] Inventories [m st] MOS [months] Inventories [m t] J'05 J'06 J'07 J'08 J'09 J'05 J'06 J'07 J'08 J'09 A 07 J 07 O 07 J 08 A 08 J 08 O 08 J 09 A 09 Europe: European SSC: Inventories at month end / flat carbon steel w/o quarto Source(s): TKS, EASSC, MAR, MSCI, UBS, MySteel USA: March MSCI inventories, carbon flat rolled China: flat steel inventory in 23 major cities (HR, CR and Plate)

24 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 Long Term Customer Relations Reduce Volatility 23 Sales by maturity FY 2007/08 in % Price index Index (Q = 100) Spot Quarterly Half-year Annual & >1 year Steel CRU Sales by industry FY 2007/08 in % Others Construction Packaging 6 4 Mechanical Engineering Trade Automotive industry (incl. suppliers) Steel and steelrelated processing Price index flat carbon steel Steel Price index flat carbon steel, global market (CRU) All data incl. Q Sources: CRU and own calculations based on CRU, TKS

25 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 CSA: Port and Materials Handling Nearly Completed 24

26 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 CSA: Progress on Coke, Power and Sinter Plant 25 Aerial photo coke plant Power plant Coke plant Sinter plant

27 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 and on Iron and Steelmaking Facilities 26 Blast furnace #1 Hot blast stoves #1-3 Continuous caster Steel plant area

28 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, 2009 Steel USA: Proceeding to Schedule 27 Hot-rolling mill - foundation work Cold-rolling mill - foundation work Coating lines - foundation work River terminal

29 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Stainless Q2 2008/09 Highlights EBT in m (42) (45) excl. major nonrecurring items Q1 Q2 Q3 Q4 2007/ Comments Q2 2008/09 Outlook H2 2008/09 EBT effects from asset impairment ( 60 m) Persisting low capacity utilization Modest stabilization of orders in German stainless industry at a low level (month-on-month) Net working capital release of 528 m (242) (249) (309) (373) (64) Q1 Q2 2008/09 Order intake in m 2,150 2,001 1,732 1, Q1 Q2 Q3 Q4 Q1 Q2 2007/ /09 Continued production cuts and underutilization Modest volume recovery 819 Stabilization of base prices and alloy surcharges expected in coming months De-stocking in NAFTA virtually completed; stocks in Europe as well at lower levels

30 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Stainless: Cold-Rolled Imports from Third Countries [000t/Month] Jan 07 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 08 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 09 Feb Asia Americas Others Source: Eurofer April 2009, TKL

31 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Market Situation Cold-Rolled Products Germany USA Stock level: INDEX Jan 2005 = 100 Stock Reach: Calendar Days 160 Stock Level Stock Reach 140 Average Stock Reach Stock level: INDEX Jan 2005 = 100 Stock Reach: Calendar Days Stock Level Stock Reach Average Stock Reach Jan- 05 May Sep Jan- 06 May Sep Jan- 07 May Sep Jan- 08 May Sep Jan Jan- 05 May Sep Jan- 06 May Sep Jan- 07 May Sep Jan- 08 May Sep Jan- 09 Source: EHV May 2009 Source: MSCI April 2009; shipments and inventory all shapes

32 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Price Development: First Signs of Recovery Observable? EUR/t 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, Base Price EU* Alloy Surcharge EU Nickel US$/t 55,000 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Jan-05 May Sep Jan-06 May Sep Jan-07 May Sep Jan-08 May Mai Sep Jan-09 0 Apr *Base Price Germany, Traders/SSC, 304, 2mm sheet Source: CRU April 2009, Metalprices (NICKEL) May 2009

33 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Technologies Q2 2008/09 Highlights EBT in m excl. major nonrecurring items Order intake in m (4) (29) (105) Q1 Q2 Q3 Q4 Q1 2007/ /09 (76) Q2 3,212 3,108 3,397 3,773 4,897 1,723 Q1 Q2 Q3 Q4 Q1 Q2 2007/ /09 Comments Q2 2008/09 Outlook H2 2008/09 Solid performance at Plant Technology, naval shipbuilding and wind energy business, but lower new order inquiry activity Significant underutilization in automotive & construction equipment business, cancellations in civil shipbuilding Major nonrecurring items of 76 m (restructuring charges, disposals and asset impairments) mainly at automotive and civil shipbuilding High earnings visibility at Plant Technology and naval shipbuilding business due to still strong order backlog (Mar 31, 2009: 17.1 bn) Restructuring charges at automotive and civil shipbuilding

34 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Technologies: High Sales Coverage by Orders on Hand Sales Sales coverage from orders in hand (September 30, 2008) Sales by business unit (H1 2008/09) % Sales covered from orders on hand (March 31, 2009) Order intake Sales coverage Mechanical Components 27% Plant Technology 34% > 3 >75% /09 Plan >33% > 1 >75% /10 Plan Automotive Solutions 23% 16% Marine Systems High sales coverage especially at Plant Technology and Marine Systems Solid performance at Plant Technology, naval shipbuilding and wind energy business

35 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Elevator Q2 2008/09 Highlights EBT in m excl. major nonrecurring items Order intake in m 112 (20) 139 (6) 158 (2) (2) 146 1,466 1,464 1,324 1,281 1,562 1,189 Q1 Q2 Q3 Q4 Q1 Q2 2007/ /09 Q1 Q2 Q3 Q4 Q1 Q2 2007/ /09 Comments Q2 2008/09 Outlook H2 2008/09 Excellent EBT development driven by efficiency Very strong earnings due to highly effective gains and increased sales level; especially in the US performance program and high services share Persisting high order backlog, but slowdown of new installation business

36 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Elevator: Sales by Business Activities Sales by business activities in % Service New elevators Sales for FY 2007/08 Modernization Service Spares / Repairs Service New escalators New accessibility products New passenger boarding bridges

37 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Services Q2 2008/09 Highlights EBT in m Order intake in m (78) Q1 Q2 Q3 Q4 Q1 Q2 2007/ /09 3,951 4,322 4,677 4,503 3,746 2,514 Q1 Q2 Q3 Q4 Q1 Q2 2007/ /09 Comments Q2 2008/09 Outlook H2 2008/09 Ongoing decreases in prices and volumes in (raw) materials trading and materials distribution business Cash generation due to net working capital release of 241 m Stabilization of prices and volumes expected Industrial Services predominantly stable, construction and rail equipment activities could profit from high infrastructure spending Net working capital release

38 Presentation Group, DZ Bank German Investment Day, Luxembourg, May 27, Services: Impact of Crisis on Business Units Materials Services Sales H1 08/09 56% Significant drop in volumes Extreme price meltdown High inventory devaluation Cash generator of the segment Special Products Sales H1 08/09 32% Dramatic sales drop in trading of raw materials, minerals and coke; slump in prices in nearly all products Civil engineering and rail systems profit from expenditure on infrastructure Plant Services in Brazil excellent Industrial Services Sales H1 08/09 12% Good order book in the energy and petrochemical industries, especially North America Decrease above all in the automotive industry and its suppliers Number of employees mostly corresponds to general employment rate