Slides
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Guido Kerkhoff | CEO January 13, 2026 Commerzbank & ODDO BHF German Investment Seminar 2026
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Disclaimer This presentation contains forward-looking statements which reflect the current views of the management of Klöckner & Co SE with respect to future events. They generally are designated by the words “expect”, “assume”, “presume”, “intend”, “estimate”, “strive for”, “aim for”, “plan”, “will”, “endeavor”, “outlook” and comparable expressions and generally contain information that relates to expectations or goals for economic conditions, sales proceeds or other yardsticks for the success of the enterprise. Forward-looking statements are based on currently valid plans, estimates and expectations and are therefore only valid on the day on which they are made. You therefore should consider them with caution. Such statements are subject to numerous risks and factors of uncertainty (e. g. those described in publications) most of which are difficult to assess and which generally are outside of the control of Klöckner & Co SE. The relevant factors include the effects of reasonable strategic and operational initiatives, including the acquisition or disposal of companies or other assets. If these or other risks and factors of uncertainty occur or if the assumptions on which the statements are based turn out to be incorrect, the actual results of Klöckner & Co SE can deviate significantly from those that are expressed or implied in these statements. Klöckner & Co SE cannot give any guarantee that the expectations or goals will be attained. Klöckner & Co SE – notwithstanding existing legal obligations – rejects any responsibility for updating the forward-looking statements through taking into consideration new information or future events or other things. In addition to the key figures prepared in accordance with IFRS and German-GAAP respectively, Klöckner & Co SE is presenting non-GAAP key figures such as EBITDA, EBIT, Net Working Capital and net financial liabilities that are not a component of the accounting regulations. These key figures are to be viewed as supplementary to, but not as a substitute for data prepared in accordance with IFRS. Non-GAAP key figures are not subject to IFRS or any other generally applicable accounting regulations. In assessing the net assets, financial position and results of operations of Klöckner & Co SE, these supplementary figures should not be used in isolation or as an alternative to the key figures presented in the consolidated financial statements and calculated in accordance with the relevant accounting principles. Other companies may base these concepts upon other definitions. Please refer to the definitions in the annual report. For other terms not defined in this annual report, please refer to the glossary on our website at https://www.kloeckner.com/en/glossary.html. Rounding differences may occur with respect to percentages and figures. The English translation of the annual report and the interim statement are also available, in case of deviations the German versions shall prevail. Evaluating statements are unified and are presented as follows: +/- 0-1% constant +/- >1-5% slight +/- >5% considerable Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 2
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1. Overview 2. Strategy update and highlights 3. Financials 4. Outlook 5. Appendix Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 3 Agenda
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136€ million EBITDA in FY 2024**) Klöckner & Co at a glance 4 ~165,000 products available to meet varied industry needs Headquarters in Düsseldorf, with a network of ~120 locations Serving over 60,000 customers, primarily in North America and Europe Expansion of HVABleads to higher profitability and less volatility SBTi approved net zero carbon targets ~6,500 employees worldwide*) 4,453Tto delivered in 2024 Achieved a revenue of 6,623€ million in FY 2024 *) As of FY 2024 **) Before material special effects Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Becoming the leading service center and metal processing company Why invest in Klöckner & Co 5 Focus on more profitable and less volatile business Optimized regional footprint Global network with strong customer focus Efficiency through digitization and automatization Sustainability as part of strategy Focusing on attractive markets in North America and Europe Generating around 60% of sales in North America Serving more than 60,000 customers via ~120 sites Strengthening strategic partnerships to integrate products and services into our customers’ value chains Driving operational excellence through digitalization and automation Leveraging AI tools to create value with minimal effort towards “zero- touch” Embedding responsible business practices across operations Offering CO₂-reduced products and services under Nexigen® Increasing profitability by focusing on higher-value added and service center business Reducing result volatility and dependence on steel prices Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Klöckner & Co value chain: Everything from one source Sourcing HVAB Service Center Distribution Suppliers Customers Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 6
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Global reach – local presence North America 59% GER/AUT 24% CH 16% Other 1% Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 7
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Leading player in fragmented markets 8 Others Reliance Worthington Kloeckner Metals, 7% Ryerson thyssenkrupp Market shares in North America Others ArcelorMittal thyssenkrupp Salzgitter Klöckner & Co, 9% Market shares in Europe Source: Eurometal, MSCI, local steel associations, management estimates. Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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1. Overview 2. Strategy update and highlights 3. Financials 4. Outlook 5. Appendix Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 9 Agenda
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What is higher value-added business (HVAB) and service center business (SC)? Key priority: Expanding our higher value-added and service center business 10Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 Why do we want to expand these businesses? Lever towards increasing profitability while reducing underlying volatility • HVAB: Metal products, which are extensively processed or fabricated before delivery to the customer, for instance with welding and 3D laser cutting systems • Especially HVAB with higher profitability as a result of high degree of product customization • Longer-term contracts and lower dependence on volatile commodity price developments • Higher barriers to entry for potential competitors compared to the distribution business, due to the need for specialized equipment, technical expertise and certifications How do we achieve this? Product & Service Portfolio Diversification Strategic Partnerships Operational Excellence EBITDA before MSE development by business *) Continuing operations in accordance with IFRS 5. **) Group excluding US distribution sites intended to be sold. • SC: Multi-metal services, such as cutting-to-length and slitting -100 0 100 200 300 400 FY19 FY20 FY21 FY22 *) FY23*) FY24*) 9M 25**) HVAB SC Distribution
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Klöckner & Co: Leveraging Strengths - Step Up 2030 Entering a new strategic chapter: Step Up 2030 11Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Klöckner & Co: Leveraging Strengths - Step Up 2030 12 Entering a new strategic chapter: Step Up 2030 Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 Operational Excellence Providing the most efficient solutions and best services to integrate seamlessly into value chains of customers through continued identification and elimination of inefficiencies in processes with the aim to further leverage expertise and knowledge in automation, enabling economies of scale to achieve value creation with minimal manual intervention towards “zero touch” Strategic Partnerships Strengthening relationships with strategic partners and suppliers through targeted measures and offerings to better integrate products and services into customers' value chains Product & Service Portfolio Diversification Stronger emphasis on diversifying and improving product and service portfolio to build unrivaled portfolio of products and services, which creates value for customers to increase customers’ share of wallet and establish long-term contractual relationships. Under Nexigen®, we will increasingly offer CO2-reduced products and services to meet growing demand in the years ahead
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Our 2030 targets Becoming the leading service center and metal processing company in North America and Europe, with one of the highest profitability levels in the industry Through the cycle EBITDA margin of >5% ROCE >10%Sales growth above market Through the cycle annual EBITDA in the mid-three- digit €m range 13Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Sales split by business Developing from a steel distribution company to a metal processor Adapting to the significantly altered business environments with sharpened strategic focus to ensure sustainable growth, mitigate risks and maintain competitiveness in dynamic market landscape *) Operational Group excl. Holding and consolidations. **) Continuing operations in accordance with IFRS 5. ***) Group excluding US distribution sites intended to be sold. EBITDA before MSE*) development by business -100 0 100 200 300 400 FY19 FY20 FY21 FY22 **) FY23**) FY24**) 9M 25***) 32% 36% 32% 35% 37% 40% 44% 31% 29% 31% 32% 33% 41% 43% 37% 35% 37% 33% 29% 19% 14% FY19 FY20 FY21 FY22**) FY23**) FY24**) 9M 25***) HVAB SC Distribution HVAB SC Distribution Service center business and especially HVAB less dependent on steel price developments Achieved important milestones in order to increase profitability and resilience in recent past − Closed and integrated value accretive growth platform NMM − Acquired Industrial Manufacturing Services, Sol Components and Amerinox, increasing exposure to HVAB − Divested parts of European distribution business, reducing exposure to low-margin, cyclical commodity business significantly − Streamlined portfolio further by divesting Brazilian distribution business − Transformed distribution warehouses into HVAB centers by investing in state-of-the-art laser capacity and automated welding capabilities − Divested eight pure distribution sites in the US to set focus on higher value-added and service center business in the region 14Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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United States Decisive milestones in the execution of our strategy “Klöckner & Co: Leveraging Strengths –Step up 2030” Intensifying focus on higher value-added and service center business 15 Divestment of eight distribution sites Announced intended sale of eight distribution sites from Kloeckner Metals Corporation − Seven distribution sites to Russel Metals − One distribution site to Service Steel Warehouse Agreed on a purchase price of approx. USD119m with Russel Metals based on NWC as of June 30, 2025, resulting in a book profit of over €20m Focused on eight distribution sites with marginal EBITDA contribution throughout the cycle Reducing net debt and exposure to cyclical commodity markets Developing the possibility to reallocate capital towards higher value-added and service center business Expecting closing in December 2025 Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 Expanding defense and infrastructure footprint Received official certification for processing armor materials for the German Federal Armed Forces in Kassel Complemented existing approval for Ambo- Stahl, after successful integration following acquisition at the beginning of the year Preparing for upcoming large-scale defense orders from across Europe by leveraging our competitive advantage Germany
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Local for local business in North America Sourcing by region Sales by region US Mexico Benefiting from the ongoing nearshoring trend ~30% ~45% ~25% Sourced within Mexico US Other ~95% ~5% Sold within Mexico US ~97% ~3% Sourced within the US Other ~99% ~1% Sold within the US Other US Mexico 16 Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Local for local business in Europe Sourcing by region Sales by region Germany Switzerland Limited direct impact of US tariffs as most sourcing and selling is done locally ~67% ~29% ~4% Sourced within Switzerland EU Non-EU ~97% ~2% ~1% Sold within Switzerland EU Non-EU ~44% ~50% ~6% Sourced within Germany EU Non-EU Germany Switzerland ~70% 25% <5% ~97% ~3% ~50%~45% <5% Sold within Germany EU Non-EU KMG Becker KMG Becker 17Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Strategic perception of sustainability transformation Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 18 Significant opportunities from offering sustainable business solutions Housekeeping Business opportunities Social responsibilty Governance reliability
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What is Nexigen®? Our new brand for green steel & metals solutions Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 Under Nexigen®, Kloeckner offers transparent, CO2-reduced solutions in the area of materials, operations and logistics that help our customers establish sustainable value chains. With Nexigen®, we support our partners in accelerating their green transformation and making their progress in sustainability visible.
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Our Nexigen® timeline 2022 Announced green steel categorization Launched new brand for green steel and metal solutions Extended categorization to alu and stainless Calculated product carbon footprints ( PCF) Won 1. German Sustainability Award 2023 Started offering PCF Declarations as PDF for nearly all products Won 2. German Sustainability Award 2025 2023 2024 Released June 2023 Taking CO2-emission tracking and product decarbonization to the next level Visualize detailed PCF information of product purchases Show customer's order history of past purchases includingcertified PCFs Break down emissions into production, processing& transport steps (CO2 passport) Recommend CO2-reduced product alternatives based on past orders Store all PCF information in one place, transparent, digital and downloadable Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 2025 Raised our near- term reduction target for Scope 1 and 2
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Transparency … on the Individualized Product Carbon Footprints (PCF) of all purchased goods Comprehensive … complete emissions from cradle until the product reaches customers’ entry gates Individualized and tailored … to the specific purchased product Fulfilling legal requirements … of emissions accounting in the supply chain Certified and reliable … externally certified calculation methodology by TÜV SÜD Nexigen® PCF Algorithm at a glance Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Our ambitious climate targets Our net zero carbon targets have been approved in the regular process as science-based targets by the Science Based Targets initiative (SBTi) Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 by 2030 Net zero by 2040 50% reduction Under direct influence Scope 3 by 2030 Net zero by 2040 62.5% reduction Own direct and indirect emissions Scope 1 & 2 by 2030 Net zero by 2050 30% reduction Not under direct influence Scope 3 22
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1. Overview 2. Strategy update and highlights 3. Financials 4. Outlook 5. Appendix Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 23 Agenda
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Highlights of Q3 2025 Q3 2025 Q3 2024 Delta Shipments (Tto) 1,144 1,122 +1.9% Slight increase on Group level driven by continued positive development at Kloeckner Metals Americas Sales (€m) 1,609 1,646 -2.2% Slight decrease yoy despite positive shipments development as a result of lower average price level Gross profit (€m) 295 262 +12.9% Considerable increase yoy; gross profit margin also increased yoy EBITDA*) (€m) 43 21 +22 EBITDA more than doubled; Kloeckner Metals Europe with first positive EBITDA contribution since 2023 Oper. CF (€m) -118 -62 -56 Negative OCF mainly due to a temporary net working capital increase Net financial debt (€m) 1,003 872 +131 Increase yoy mainly driven by negative OCF 24 *) Before material special effects. Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Our net working capital management 25 Achieved EBITDA*) of €43m in Q3 2025 and €150m in 9M 2025; both a considerable increase yoy Despite negative OCF of €118m in Q3 2025, we continue to expect a significantly positive operating cash flow for FY 2025 Strategy execution continues to progress, focusing on our higher value-added and service center business with increased profitability Continuing to leverage our extensive expertise in automation and digitalization by increasing the number of digital quotes by 8.9% yoy in 9M 2025 32 42 65 43 -62 205 -118 75 -118 21 1,528 Q3 2024 1,369 Q4 2024 1,455 Q1 2025 1,362 Q2 2025 1,429 Q3 2025**) EBITDA*) in €m NWC in €m Operating cash flow in €m HRC US in USD (indicative) HRC Europe in € (indicative) Price trend ~730 ~750 ~1,000 ~890 ~640 ~570 ~665 ~610 ~+33% ~+17% Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 ~-11% ~-8% Generated solid EBITDA*) in the third quarter in line with guidance *) Before material special effects. **) NWC Q3 2025: Not included net working capital from eight US distribution sites intended to be sold amounting to €68m.
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Shipments, sales and gross profit development 26 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 1,122 1,646 1,027 1,484 1,170 1,666 1,164 1,643 1,144 1,609 Shipments (Tto) Sales (€m) 262 261 317 320 295 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 15.9 17.6 19.0 19.5 18.3 Gross profit (€m) Gross margin (%) Shipments & sales Gross profit & gross profit margin Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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EBITDA development 27 EBITDA before material special effects in Q3 2025 of €43m Positive volume effect of €5m and price effect of €36m yoy OPEX higher by €16m yoy Negative F/X effects of €3m yoy Material special effects mainly relate to restructuring initiatives 21 43 36 5 36 EBITDA Q3 2024 Volume effect Price effect -16 OPEX -3 F/X EBITDA Q3 2025 -7 Material special effects EBITDA Q3 2025 reported EBITDA (€m) in Q3 2025 Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Cash flow and net debt development 28 EBITDA reported of €36m Temporary net working capital increase of €144m Negative cash flow from operating activities of €118m Net CAPEX of €23m Free cash flow accordingly negative at €141m -141 -12 -23 36 EBITDA Q3 2025 -144 Change in NWC Interest -5 Taxes 7 Other -118 Cash flow from operating activities Net CAPEX Free cash flow Q3 2025 Net financial debt increased from €870m to €1,003m Leasing decreased by €1m Positive F/X translation effects of €6m -141 870 Net debt 06.2025 Free cash flow 1 Leases 6 F/X, Swaps 1 Other 1.003 Net debt 09.2025 Net financial debt 06.2025 vs 09.2025 (€m) Cash flow Q3 2025 (€m) Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Equity ratio of 44%, gearing*) of 66% and leverage of 5.5x Assets (€m) Equity & Liabilities (€m) Balance sheet development 29 121 56 122 264 722 828 1,282 1,291 Dec. 31, 2024 1,138 1,176 Sep. 30, 2025 3,538 3,462 Non-current assets Inventories Trade receivables**) Other current assets Liquidity *) Gearing = Net financial debt / (Consolidated equity ./. non-controlling interests ./. goodwill resulting from acquisitions subsequent to May 23, 2024). **) Incl. contract assets and supplier bonus receivables. ***) Incl. contract liabilities and advance payments received. 258 286 644 575 896 1,721 19 Dec. 31, 2024 1,528 18 Sep. 30, 2025 3,538 3,462 1,055 Equity Financial liabilities Pensions Trade payables***) Other liabilities 49% 44% Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Maturity profile €m Sep 30, 2025 Adjusted equity2) 1,518 Net Debt 1,003 Gearing3) 66% Leverage4) 5.5x Facility (€m) Committed Sep 30, 2025 Drawn amount Sep 30, 2025 Dec 31, 2024 Syndicated Loan 350 192 173 ABS Germany1) 100 65 30 ABL USA 554 420 375 ABL Mexico 98 77 48 Syndicated Loan CH 214 144 85 Other Bilaterals 26 26 40 Leases 136 136 149 Total Debt 1,478 1,060 901 Cash 56 121 Net Debt 1,003 780 1) After renewal in July 2025 (incl. reduction of facility size from €300m to €100m). 2) Equity attributable to shareholders of Klöckner & Co SE less goodwill from business combinations subsequent to May 23, 2024. 3) Net debt as reported/Adjusted equity. 4) Net debt as reported/LTM EBITDA before material special effects. 30 350 100 554 98 214 1 1 5 2025 2026 2027 2028 2029ff Syn Loan ABS Europe ABL USA ABL Mexico Syn Loan CH Other Bilaterals Maturity profile (excl. Leases) in €m, Sep 30, 2025 451 219 2025 2026 2027 ≥ 2029 652 18 1 2028 Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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1. Overview 2. Strategy update and highlights 3. Financials 4. Outlook 5. Appendix Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 31 Agenda
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Real steel demand Construction Industry Manufacturing, Machinery & Mech. Eng Transportation Household & Commercial Appliances Energy Industry 0% to +1% -1% to 0% Region specific business outlook 2025 32 North America Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 Europe
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Outlook FY 2025 EBITDA before material special effects expected to come in between €170-240m Expecting significantly positive operating cash flow Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 33
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1. Overview 2. Strategy update and highlights 3. Financials 4. Outlook 5. Appendix Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 34 Agenda
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Quarterly and FY results 35 *) Continuing operations in accordance with IFRS 5. Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 (€m) Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 FY FY FY FY FY FY 2025 2025 2025 2024*) 2024*) 2024*) 2024*) 2023*) 2023*) 2023*) 2023*) 2024*) 2023*) 2022*) 2022 2021 2020 Shipments (Tto) 1,144 1,164 1,170 1,027 1,122 1,164 1,139 1,026 1,091 1,044 1,087 4,453 4,248 4,193 4,629 4,881 4,873 Sales 1,609 1,643 1,666 1,484 1,646 1,765 1,737 1,606 1,756 1,754 1,840 6,632 6,957 8,337 9,379 7,441 5,130 Gross profit 295 320 317 261 262 294 297 269 282 296 311 1,113 1,157 1,328 1,563 1,893 1,047 % margin 18.3 19.5 19.0 17.6 15.9 16.6 17.1 16.7 16.0 16.9 16.9 16.8 16.6 15.9 16.7 25.4 20.4 EBITDA bef. material special effects 43 65 42 32 21 42 42 17 44 65 65 136 190 355 417 848 111 Material special effects -7 -3 -23 -16 -8 0 -5 -5 0 0 5 -27 0 52 64 -30 -59 EBITDA rep. 36 63 18 16 13 42 37 12 44 65 70 109 190 407 481 879 52 % margin 2.2 3.8 1.1 1.1 0.8 2.4 2.2 0.7 2.5 3.6 3.8 1.6 2.7 4.9 5.1 11.8 1.0 EBITDA rep. (curr. eff.) -4 -3 0 0 0 3 0 -2 4 0 -4 3 -3 30 31 -16 1 EBIT 6 33 -12 -19 -17 11 5 -29 15 38 43 -20 66 299 348 754 -93 Income from Investments 0 -2 1 0 0 -2 1 0 -1 0 -2 -2 -4 6 6 11 0 Financial result -12 -11 -12 -15 -16 -15 -17 -18 -12 -8 -8 -62 -46 -34 -34 -17 -30 EBT -5 19 -23 -34 -33 -5 -11 -47 1 29 34 -83 16 270 319 748 -124 Income taxes -7 -17 -5 -57 4 -13 3 12 -4 -14 -10 -62 -16 -57 -60 -119 9 Net income -13 2 -28 -91 -29 -18 -8 -35 -3 15 24 -146 0 213 259 629 -114 Minority interests 1 0 0 0 0 0 0 0 0 0 0 1 1 6 6 10 2 Net income KCO -13 2 -28 -91 -29 -18 -8 -35 -3 15 23 -147 -1 207 253 619 -116 EPS basic (€) -0.13 0.02 -0.28 -0.91 -0.29 -0.18 -0.08 -0.36 -0.04 0.15 0.23 -1.47 -0.01 2.08 2.54 6.21 -1.16 EPS diluted (€) -0.13 0.02 -0.28 -0.91 -0.29 -0.18 -0.08 -0.36 -0.04 0.15 0.22 -1.47 -0.01 1.90 2.32 5.58 -1.16 NWC 1,429 1,362 1,455 1,369 1,528 1,506 1,540 1,489 1,865 1,696 1,735 1,369 1,489 1,789 1,789 1,813 967 Net debt 1,003 870 914 780 872 779 790 775 923 596 539 780 775 584 584 762 351
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KM Europe Segment performance KM Americas Shipments (Tto) Sales (€m) EBITDA*) (€m) 665 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 724 757 762 744 +2.8% 972 987 963 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 865 941 -3.2% 28 42 66 44 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 48 Shipments (Tto) Sales (€m) EBITDA*) (€m) 398 414 402 400 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 362 +0.4% 620 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 674 679 680 669 -0.8% -4 -2 0 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 -8 -8 Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 36 *) Adjusted for material special effects in KM Europe and in KM Americas.
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Positioning for higher profitability and sustainable growth Recent achievements on our journey towards becoming the leading metal processor and the leading service center company in North America and Europe Improved earnings profile by prioritizing businesses with higher profitability and lower volatility − Acquired NMM, IMS, Sol Components and Amerinox in North America to strengthen profitability and capitalize on growth potential − Divested parts of the European distribution business to lower exposure to steel price developments and reduce volatility of our results − Agreed to sell eight distribution sites in the US with low EBITDA contribution throughout the cycle to optimize our portfolio and create the opportunity to reallocate resources to higher-growth opportunities Complemented portfolio optimization by transforming selected distribution warehouses into HVAB centers 37 32% 41% 44% 31% 40% 43% 37% 19% 14% FY19 9M 25 9M 25 excl. US distribution sites intended to be sold HVAB SC Distribution Sales split by business +6%p HVAB/SC+18%p HVAB/SC +24%p HVAB/SC Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Germany Acquired Ambo-Stahl in Cologne in mid-2025 to enhance capabilities in specialized steel processing Strengthened our presence in the sectors of defense and infrastructure where growing demand is expected Conducted first investment in order to expand our capabilities and capacities, enabling us to leverage the acquisition and benefit from increased defence spending United States Expanded our manufacturing capabilities with the acquisition of Haley Tool & Stamping near Nashville, Tennessee Enhancing our presence in Tennessee, creating operational synergies with nearby facilities Improving our operational efficiency through access to advanced stamping presses and in-house tooling capabilities Supporting growth in automotive, aerospace and industrial manufacturing Enhancing manufacturing expertise and industry focus across Europe and North America Strengthening our focus on strong future industries Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 38
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Extended our building installation value chain via Simfloc acquisition Acquired Simfloc AG in Switzerland, a specialist in pre-wall installation to extend our building installation value chain Established market position as Switzerland’s leading one-stop shop for prefabrication, now offering comprehensive solutions from planning and modelling to production and installation Becoming the leading service center and metal processing company Pressing ahead with Group strategy 39 Expanded electrical steel capacity Invested to expand electrical steel capacity to meet significant demand overhang for transformer cores & electrical steel slit coil in North America Built a new state-of-the-art fabrication and service center, expanding CRGO processing, slitting and transformer core fabrication capacity Enabling us to serve customers in electrical grid infrastructure, renewable energy and data centers end markets Benefiting from expected substantial growth opportunities Fully operational in Q3 2025 North America DACH-region Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Building 200,000-square foot facility, strategically located, with an annual capacity of up to 250,000 tons Supporting long-term collaboration with ADL’s parent company, Steel Dynamics Inc. (SDI) Expanding and improving our higher value-added product and toll processing portfolio to capture profitable business, and reduce exposure to steel price volatility, fully aligned with corporate strategy Enabling us to accelerate growth in our automotive and industrial segments Supporting our sustainability goals by processing ADL’s energy-efficient, CO₂-reduced aluminum products Ramp-up planned for Q4 2026, offering room for additional growth Invested in aluminum flat-rolled processing facility on the campus of Aluminum Dynamics LLC Leveraging competitive advantage in North America Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 40
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Sales by markets, products and industries Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 41 28% 25% 21% 11% 8% 7% Construction Manufacturing, Machinery, Mechanical Engineering Transportation Appliances and Consumer Goods Metal Distribution & Other Metal Transforming 59%24% 16% 1% North America Germany/Austria Switzerland Other 56% 11% 10% 8% 5% 1% 9% Flat products Long products Aluminum Stainless Steel Tubes Quality Steel Other As of December 31, 2024. Continuing operations. Sales by markets Sales by products Sales by industries
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Current shareholder structure 42 78% 12% 5% 2%1% 1% 1% Germany US France UK Rest of EU Rest of world Switzerland Geographical breakdown of identified institutional investors Around 99% of investors identified in December 2024 Identified institutional investors account for 60% German investors incl. retail dominate Retail shareholders represent 26% As of December 2024 Date of publication Subject to compulsory notification Portion of voting stock 05/02/2024 Swoctem GmbH / Friedhelm Loh 41.53% 16/12/2025 Rossmann Beteiligungs GmbH 10.04% 04/11/2022 The Goldman Sachs Group, Inc. 4.99% 01/12/2022 Dimensional Holdings Inc. 3.01% Voting Rights Announcements according to WpHG (Security Trading Act*)) *) The table lists all shareholders holding 3 % or more voting rights in Klöckner & Co SE due to the most recent voting right s notifications as of January 13, 2026 (Section 33 German Securities Trading Act (WpHG) respectively section 21 WpHG former version). Apart from the voting rights held by the shareholder itself, also voting rights attributed to him pursuant t o section 34 WpHG (respectively section 22 WpHG former version) are included in the calculation of the share of voting rights. The table only contains the respective parent company being subject to the notification obligation, even if it made a notification also on behalf of any of its subsidiaries. Financial instruments accordi ng to Section 38 WpHG are not included in the table. Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Share performance in Q3 2025 After a positive start, the share price of Klöckner & Co reached its highest level of €7.16 on July 10 After that, the share price declined, reaching its lowest level of €5.41 on September 3 and again on September 9 It went out of trading at €5.78 on September 30 Companies peer group index: thyssenkrupp, Salzgitter, ArcelorMittal, Voestalpine, Reliance, Ryerson, Olympic Steel, Worthington Steel 43Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026 85% 90% 95% 100% 105% 110% 115% 120% 125% Jul 25 Aug 25 Sep 25 KCO SDAX DAX Peer group index
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Dividend policy 44 In general, Klöckner & Co SE follows a dividend policy of distributing 30% of net income before special items. Given the volatility of our business model, a sustainable dividend payment cannot be guaranteed. If there is a possibility of dividend distribution, we will pay it for the benefit of our investors. Compliance with the dividend policy of €0.80 per share for the years 2006 and 2007 Suspension of the dividend policy for the financial year 2008 in view of the beginning of the Euro crisis and no dividend payment Due to earnings no dividend payment in 2009 Inclusion of our general dividend policy in financial year 2010 with a dividend of €0.30 per share Due to earnings-related reasons, no dividend payment in 2011, 2012, 2013 and 2015 Full distribution of net profit for the financial year 2014 Dividend payment of €0.20 per share in 2016 and €0.30 per share for the 2017 and 2018 fiscal year No dividend payment due to losses in 2019 and 2020 Record dividend of €1.00 for the financial year 2021 Dividend payment of €0.40 per share for the financial year 2022 Dividend payment of €0.20 per share for the financial year 2023 and 2024 Dividend payment per share 2006 €0.80 2007 €0.80 2008-2009 - 2011-2013 - 2014 €0.20 2015 - 2010 €0.30 2016 €0.20 2018 €0.30 2017 €0.30 - 2019-2020 2021 €1.00 2022 €0.40 €0.20 2023 2024 €0.20 Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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We have developed a categorization for CO2-reduced steel so that customers can directly see the carbon footprint of their purchased product. NEXIGEN® STEEL CATEGORIZATION Six categorizations for transparent carbon emissions Emission in kg CO2 / t steel LEADING THE SUSTAINABILITY TRANSFORMATION Methodology along international standards Emissions from raw material to production No offsetting included in CO2 load categorization (compensation data as add-on) Separate category for “balanced” green steel Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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A comprehensive approach Nexigen® categorizations for stainless steel & aluminum Emission in kg CO2 / t stainless steel Emission in kg CO2 / t aluminum Stainless Steel Aluminum Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026
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Financial calendar Fabian Joseph Head of Investor Relations +49 211 88245 -488 fabian.joseph@kloeckner.com www.kloeckner.com March 11, 2026 Annual Financial Statements 2025 May 6, 2026 Q1 quarterly statement 2026 May 20, 2026 Annual General Meeting 2026 August 5, 2026 Half-yearly financial report 2026 November 4, 2026 Q3 quarterly statement 2026 47Klöckner & Co SE | Commerzbank & ODDO BHF German Investment Seminar 2026