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SALZGITTER AG PRESENTATION OF THE GROUP SALZGITTERAG People , Steel and Technology
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2/ © 2026 Salzgitter AG / AGENDA / Salzgitter Group / Market situation / Strategy / Management guidance / Financials
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3/ © 2026 Salzgitter AG / SALZGITTER GROUP
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4/ © 2026 Salzgitter AG / GLOBAL PRESENCE Salzgitter Group
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5/ © 2026 Salzgitter AG / GROUP STRUCTURE AND KEY DATA FY 2025 Salzgitter Group / External Sales: € 1.2 billion / Employees: 4,112 / EBT: €-116.5 million / External Sales: € 3.2 billion / Employees: 7,637 / EBT: € -65.6 million / External Sales: € 2.6 billion / Employees: 1,599 / EBT: € 31.0 million / External Sales: € 1.8 billion / Employees: 5,897 / EBT: € 112.8 million Steel Processing Trading Technology External Sales: € 9.0 billion / EBT: € -27.7 million / Employees: 22,014 All data about employees as per 12/31 Salzgitter Group Steel Production
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6/ © 2026 Salzgitter AG / GROUP STRUCTURE Salzgitter Group Steel ProcessingSteel Production Trading Industrial Participations / Consolidation Salzgitter Mannesmann / Salzgitter Klöckner-Werke Salzgitter Group Technology Salzgitter Flachstahl Mannesmann Precision Tubes Salzgitter Mannesmann Handel Gruppe KHS Verkehrsbetriebe Peine-Salzgitter Salzgitter Digital Solutions TELCAT MULTICOM Salzgitter Automotive Engineering Salzgitter Hydroforming Salzgitter Business Service Salzgitter Mannesmann Forschung Glückauf Immobilien RSE Grundbesitz und Beteiligungen Aurubis Hansaport Klöckner Desma ElastomertechnikUniversal Eisen und StahlMannesmann Line Pipe Mannesmann Grossrohr Ilsenburger Grobblech Salzgitter Mannesmann Grobblech Hüttenwerke Krupp Mannesmann EUROPIPE 50% 30% 51% 29.99%* Peiner Träger DEUMU Deutsche Erz- und Metall-Union Salzgitter Mannesmann Stahlservice Salzgitter Europlatinen As of: October 2025, simplified display *) Incl. Aurubis shares amounting to 4.4% of its issued share capital, which are made available to the investors of the 2025 exchangeable bond via a stock lending facility, and must be transferred ba ck by the end of the term of the exchangeable bond at the latest
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7/ © 2026 Salzgitter AG / EXTERNAL SALES 2025 BY PRODUCT GROUP Salzgitter Group 44% Strip steel19% Filling- and packaging lines 11% Tubes 8% Section steel 8% Plate 10% Other Broad product portfolio Only from entities within the group of consolidated companies of Salzgitter Group, excluding EUROPIPE Group
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8/ © 2026 Salzgitter AG / EXTERNAL SALES 2025 BY CUSTOMER INDUSTRIES Salzgitter Group Diverse customer base Only from entities within the group of consolidated companies of Salzgitter Group, excluding EUROPIPE Group 3% Energy sector and utilities 15% Vehicle construction 13% Construction industry 18% Food and beverage industry 5% Mechanical engineering 4% White goods, electrical equipment 4% Re-Roller 24% Traders, Steel-Service-Centers 4% Tubes producers 10% Other
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9/ © 2026 Salzgitter AG / EXTERNAL SALES 2025 BY REGIONS Salzgitter Group Sales by consignee (only from entities within the group of consolidated companies of Salzgitter Group, excluding EUROPIPE Group ) 11% Americas 4% Other Europe 42% Germany 5% Others 8% Asia 30% Other EU Share of ex-Germany sales by consignee 58%
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10/ © 2026 Salzgitter AG / SHAREHOLDER STRUCTURE AND SHARE TURNOVER Salzgitter Group DAILY TURNOVER IN THOUSAND SHARESSHAREHOLDER STRUCTURE Treasury shares: as of April 30, 2026; other information is based on the external shareholder identification as of May 2026 0 200 400 1Q | 23 4Q | 23 3Q | 24 2Q | 25 1Q | 26 9.9% Salzgitter AG 27.9% State of Lower Saxony 13.4% Retail investors 5.9% Other shareholders 33.3% Institutional investors 9.6% GP Günter Papenburg AG
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11/ © 2026 Salzgitter AG / KEY DATA FINANCIAL YEAR 2025 Salzgitter Group Salzgitter Group delivers pretax result at breakeven level ΔGJ 2024GJ 2025 -5116,3915,880ktCrude steel production -1,03010,0128,981€ millionExternal sales1 -39445406€ millionEBITDA VX2 -69445376€ millionEBITDA 298-2962€ millionEarnings before tax VX2 268-296-28€ millionEarnings before tax 278-348-70€ millionEarnings after tax 5,1-6.5-1.4€Earnings per share (undiluted) --1.2%ROCE VX2 4,0-3,40,7%ROCE -36722,38122,014Core workforce3 1 only from entities within the Group of Consolidated Companies of Salzgitter Group 2 Underlying figure excluding earnings effects related to the valuation of the exchangeable bond 3 per reporting date
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12/ © 2026 Salzgitter AG / BALANCE SHEET Salzgitter Group Continuing sound financial basis Assets Equity & Liabilities Non-current assets Inventories Cash and securities Other current assets Equity Pension provisions Other non-current liabilities Current liabilities1,731 1,714 3,532 2,3411,002 1,065 846 2,299 2,741 2,532 1,638 1,408 4,992 5,170 4,449 4,433 10,465 10,481 10,465 10,481 2024/12/31 2025/12/31 2024/12/31 2025/12/31
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13/ © 2026 Salzgitter AG / INVESTMENTS AND DEPRECIATION Salzgitter Group 478 317 498 329 299 316 105 401 295 229 2023 2024 2025 2026e Investments1 Unscheduled Depreciation Scheduled depreciation 2 Excluding payment of SALCOS® liabilitie s (asset acquisition in the prior year) (€ million) 583 4 899 528 2 SALCOS® (including subsidies) ~875 1 Property, plant, and equipment and intangible assets, excluding SALCOS® and financial assets 2 top-up funding of € 250 million Disciplined management of investments in 2025 – an a dditional € 250 million in funding will be available for SALCOS® in 2026; clear commitment to SALCOS®
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14/ © 2026 Salzgitter AG / STEEL PRODUCTION BUSINESS UNIT Salzgitter Group 1 only from entities within the group of consolidated companiesof Salzgitter Group 7% Others 3% Mechanical engineering 1% Tube producers 40% Traders 10% Re-roller 30% Vehicle construction 2% Construction industry 8% White goods, electrical equipment Broad range of high-quality steel products CAPABILITIES COMPETENCES AND PRODUCTS EXTERNAL SALES BY CUSTOMER INDUSTRY 1 KEY DATA FY 2025 3,166€mConsolidated Sales -65,6€mEarnings before taxes 7,637Core workforce (12/31) / Integrated steel works w ith three blast furnaces / Top-modern mini mill with two electric arc furnaces / Approx. 5.7 mt/year crude steel capacity / Modern production plants / High processing competence (SSC) / High-quality steel grades for sophisticated applications / Custom made solutions, e.g., hot-rolled and cold-rolled coil, galvanized and coated sheet, laser-welded tailored blanks and sections / Customer focus through local presence
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15/ © 2026 Salzgitter AG / STEEL PROCESSING BUSINESS UNIT Salzgitter Group 1 only from entities within the group of consolidated companiesof Salzgitter Group Broad range of high-quality plate products; global player in the high-quality segment of the global tubes market CAPABILITIES COMPETENCES AND PRODUCTS EXTERNAL SALES BY CUSTOMER INDUSTRY 1 KEY DATA FY 2025 1,222€mConsolidated Sales -116,5€mEarnings before taxes 4,112Core workforce (12/31) / Own crude steel supply via Hüttenwerke Krupp Mannesmann / Two rolling mills for plate with 1.1 mt annual capacity / Plate width up to 4,800 mm / Plant for the production of semis for the seamless tubes business / Plate: High-strength, wear resistant and specialized steel grades including offshore and tube grades / Mannesmann: Longitudinal and spiral welded large-diameter pipes, medium line pipes, seamless and welded precision tubes 6% Mechanical engineering 16% Tube producers 19% Vehicle construction 17% Other 11% Construction industry 19% Traders 11% Energy sector and utilities
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16/ © 2026 Salzgitter AG / TRADING BUSINESS UNIT Salzgitter Group 1 only from entities within the group of consolidated companiesof Salzgitter Group High customer and market orientation through a global sales organization CAPABILITIES COMPETENCES AND PRODUCTS EXTERNAL SALES BY CUSTOMER INDUSTRY 1 KEY DATA FY 2025 2,629€mConsolidated Sales 31€mEarnings before taxes 1,599Core workforce (12/31) / Own distribution network for steel products with warehousing sites in Europe / Processing group specialized in heavy plate products / International trading / Global presence in all relevant regions with own representation / Distribution channel for Salzgitter Group products / Procurement channel for Salzgitter Group works / Value added services for customers 12% Other 2% Vehicle construction 38% Construction industry 3% White goods, electrical equipment 9% Mechanical engineering 4% Tube producer 26% Traders 2% Re-roller 4% Energy sector and utilities
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17/ © 2026 Salzgitter AG / TECHNOLOGY BUSINESS UNIT Salzgitter Group 1 only from entities within the group of consolidated companiesof Salzgitter Group Top 3 producer for filling and packaging industry, world market leader for rubber and silicon injection molding machines CAPABILITIES COMPETENCES AND PRODUCTS EXTERNAL SALES BY CUSTOMER INDUSTRY 1 KEY DATA FY 2025 1,767€mConsolidated Sales 113€mEarnings before taxes 5,897Core workforce (12/31) / 15 production plants worldwide / > 90% of sales outside of Germany / KHS: Among the top 3 global suppliers for filling and packaging machines; technology and innovation leadership / DESMA Elastomertechnik: Global leader for rubber and silicon injection molding machines / Turn-key lines, single machines and service 1% Energy sector and utilities 2% Mechanical engineering 3% Vehicle construction 93% Food and beverage industry
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18/ © 2026 Salzgitter AG / INDUSTRIAL PARTICIPATIONS Salzgitter Group 1 Underlying figure excluding earnings effects related to the valuation of the exchangeable bond Activities that are not directly allocated to a business unit COMPETENCES AND PARTICIPTATIONS KEY DATA FY 2025 198€mConsolidated Sales 40€mEarnings before taxes VX 1 11€mEarnings before taxes 2,575Core workforce (12/31) /S e r v i c e s : / Research and development for the Group and external customers / Information technology / Engineering services / Real estate- and facility development as well as management / Freight traffic / Intra-group shared service center / Shareholdings: / Aurubis /H a n s a p o r t
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19/ © 2026 Salzgitter AG / MARKET SITUATION
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20/ © 2026 Salzgitter AG / TRADE POLICY AND CBAM IN 2026 Market Situation Q1 Commission proposals to amend the CBAM Regulation Political agreement on the new safeguard instrument Q2 Q3 Q4 Coming into force of new trade tool Final measures expected in the anti-dumping proceeding against imports of cold-rolled coil from Japan, Vietnam, Turkey, Taiwan, and India First round of expansion for the new trade tool has been completed Political agreement on adjustments to the CBAM: expansion to include new sectors, an export solution, and abusive practices Proposal by the Commission on how “Melt and Pour” regulations should be applied Trade CBAM
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21/ © 2026 Salzgitter AG / NEW TRADE TOOL – TRILOGUE AGREEMENT Market Situation AGREEMENT BETWEEN COMMISSION, PARLIAMENT AND COUNCIL: / Reduction of duty-free import quotas by around 50% in the flat steel segment / All countries covered, no more exceptions / 50% duty above quotas / Introduction of melt & pour rules / Extension of the tool to other prod ucts and steel derivatives is laid down in regulation / Carry-Over for all products in Year 1; from July 2027 product specific PROCESS / Implementation expected for 1 July 2026 / Commission, EU Parliament and Council of Ministers have agreed on a compromise, final votes in Parliament and Council in the coming weeks / EU-Commission conducts negotiat ions with WTO trading partners / Details such as country quotas etc. still pending
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22/ © 2026 Salzgitter AG / RAW MATERIAL AND ENERGY PRICES Market Situation RAW MATERIAL PRICES ENERGY PRICES 100 200 300 400 Jan '24 Jan '25 Jan '26 0 50 100 150 Jan '24 Jan '25 Jan '26 0 50 100 150 Jan '24 Jan '25 Jan '26 75 100 125 150 Jan '24 Jan '25 Jan '26 Coal temporarily higher due to weather; ore (freight) and energy prices influenced by Middle East conflict IRON ORE (62% F e CFR China, US$/dmt) COKING COAL (FOB Australia, US$/t) ELECTRICITY (Futures market front year EEX. €/MWh) NATURAL GAS (Area THE, EEX Day-Ahead €/MWh Hs)
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23/ © 2026 Salzgitter AG / PRICE OF CO 2 EMISSION ALLOWANCES PRICE DEVELOPMENT CO2 EMISSION ALLOWANCES Market Situation 0 20 40 60 80 100 120 2021 2022 2023 2024 2025 2026 (€/t) Political statements on the upcoming review of the ETS weighed on the CO2 price at the beginning of 2026 – gradual increase is expected in the long term
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24/ © 2026 Salzgitter AG / STEEL PRICES Market Situation SPOT PRICES NORTHERN EUROPE INTERNATIONAL HOT-ROLLED COIL PRICES(€/t) (€/t) HRC EXW Ruhr Plate EXW Ruhr Medium sections Northern Europe EXW Ruhr USA EXW Indiana China Shanghai 300 500 700 900 1,100 1,300 Jan' 24 Jul' 24 Jan' 25 Jul' 25 Jan' 26 European steel prices with recent upward trending, also due to the introduction of the CBAM and expectations regarding the successor to the safeguard measures 300 500 700 900 1,100 1,300 Jan' 24 Jul' 24 Jan' 25 Jul' 25 Jan' 26
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25/ © 2026 Salzgitter AG / STRATEGY
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26/ © 2026 Salzgitter AG / VISION AND MISSION Strategy PIONEERING FOR CIRCULAR SOLUTIONS We are the market leader for circular economy solutions in global industrial value chains with our innovative products and processes. PARTNERING FOR TRANSFORMATION Together we will resolutely chart new courses, transform industry, and create sustainable value for the future.
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27/ © 2026 Salzgitter AG / AMBITION: TO BECOME MARKET LEADER IN CIRCULAR ECONOMY Strategie KEY POINTS / For us, circularity means using resources for as long as possible and minimizing the supply of new resources / Together with our partners, we want to be pioneers and help shape the standards of the circular economy / In order to implement the principles of the circular economy, we take a holistic approach to processes and product development / When we develop new products, we include the entire life cycle of the product in the sustainable design.
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28/ © 2026 Salzgitter AG / SALZGITTER AG'S DECARBONIZATION APPROACH Strategy SCIENCE-BASED HOLISTIC IMP ACT-ORIENTED TRANSPARENT Our goals are based on globally recognized scientific findings to meet the 1.5-degree target of the Paris Climate Agreement. We consider both our direct impacts and those in the upstream and downstream value chain at home and abroad. We focus on cost-efficient measures to avoid CO2 emissions in the long term in all business areas. We regularly communicate our progress and invite our stakeholders to participate.
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29/ © 2026 Salzgitter AG / HOLISTIC APPROACH FOR ECONOMIC STABILITY Strategy ORGANIC GROWTH INITIATIVES & PERFORMANCE MEASURES Steel Production: New shredder and sorting plant, LESS certifications ensure transparency, tapping into market potential with SALCOS® steel as a first-mover offering Steel Processing: Expansion and new TL approvals for the SECURE product family, new hot-straightening line to expand the product portfolio, new waterjet cutting line to improve product quality Trading: Expansion of green steel in the Middle East and scrap in Africa and South Asia, marketing of high- quality heavy plate, particularly in Asia Technology: Introduction of the SmartCan can line to reinforce the globally leading position in can-making lines, further consolidation of Plasmax in India and Africa Portfolio measures: Sale of DESMA Schuhmaschinen, acquisition of Thyrolf & Uhle Structural measures: Restructuring of the Steel Processing and Trading business units Profit Improvement Program: Expanded P28 Profit Improvement Program: 2025 target exceeded, ambition level raised Economic measures: Successful placement of an exchangeable bond, focused cash management
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30/ © 2026 Salzgitter AG / OUR STRATEGY IS BEING CONSISTENTLY IMPLEMENTED Strategy PERFORMANCE / Earnings stabilized and costs further reduced / Restructuring in the Steel Processing and Trading segments / P28: 2025 annual target exceeded and ambition level raised / Progress in portfolio management CUSTOMER-FOCUSED SOLUTIONS / Defense: / Deepening value creation / Expanding material approvals Applications / Infrastructure and Energy Projects / Plasmax (KHS) strengthens market position TRANSFORMATION / SALCOS ® : / Construction work well advanced / Transition to the market phase / LESS certifications obtained / Scrap metal expertise expanded / Pipes ordered for construction of the hydrogen core network We are pursuing our vision with a clear strategy, a focus on performance, and a commitment to customer-centricity
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31/ © 2026 Salzgitter AG / SALCOS ®: TRANSFORMATION OF THE SALZGITTER STEELWORKS Strategy TRANSFORMATION COMPLETEDSALCOS® STAGE 1STATUS QUO Heute 2027 almost CO2 neutral -30 % CO2 Mid-2030s Finalization of SALCOS® Stage One is secured and the plants will start production in the first half of 2027. The decisions on the realization date of the following steps of SALCOS® will be postponed by three years due to the economic and political framework conditions. Salzgitter AG is committed to the complete transformation of steel production in Salzgitter and plans to have concluded this by the mid-2030s. CO2 emissions (8 mt/a)
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32/ © 2026 Salzgitter AG / SALCOS ® LEVEL 1: #WEMAKEITHAPPEN Strategy / Commissioning scheduled for 2027 / Direct reduction plant has reache d its final height of 140 meters / Construction of the electric arc furnace and electrolysis facilities in full swing / Work on utilities and power supply on schedule / Final installation phase for plant equipment to begin this summer / Completion by the mid-2030s / Investment decisions on next implementation steps postponed / Increase in public funding for SALCOS® to 1.322 billion euros PREPARATIONS FOR COMMISSIONING PROCEEDING AS PLANNED MODULARITY ENABLES FLEXIBLE TRANSFORMATION
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33/ © 2026 Salzgitter AG / DEFENCE: SECURE PROTECTION STEELS Strategy / Excellent protection combined with high tensile strength, toughness, and hardness / Weight optimization through ve ry tight thickness tolerances / Good processability via cutting, we lding, and cold and hot forming / Special-purpose vehicles – e.g., fo r civil defense (THW), Red Cross, UN / Civilian armored vehicles, military vehicles / Mobile shelters, field hospitals, building s and building equipment, e.g., shelters, bank counters, bureaux de change, shooting ranges, garages / Extended value chain through the acquis ition of Thyrolf & Uhle GmbH (T&U) / Developing Ilsenburger Grobblech GmbH into a full-service provider in the security steel sector; aiming for a low double-digit market share in the NATO region by 2030 / Universal Eisen und Stahl GmbH and T&U wi th the prospect of generating double- digit million-euro sales in the defense sector SECURE PROTECTION STEELS APPLICATIONS OUTLOOK
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34/ © 2026 Salzgitter AG / WE TAKE RESPONSIBILITY CONTINUATION OF HKM Strategy / Industrial logic / Integration of the value chain: from the liquid phase through feedstock to marketing / Securing feedstock for defense products / Synergy effects for decarbonization / Expansion of the product portfolio / Strengthening the European slab market / Economic attractiveness / Financing the transformation through internal resources, transaction proceeds, and public subsidies / Key points under negotiation / Restructuring necessary / Support for an electric arc furnace confirmed / Review via a restructuring report (IDW-S6 report)
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35/ © 2026 Salzgitter AG / EFFECTS OF P28 FOR FY 2026 PROFIT IMPROVEMENT PROGRAM P28 Strategy Management Call Q1 2026 / 12.05.2026 Sustainable effects One-time effects (€ million) Sustained effects of €43 million in the first quarter of 2026 65 110 22 43 122 19 8 1 11 1 129 0 20 40 60 80 100 120 140 Total effect 2024 Total effect 2025 Steel Production Steel Processing Trade Technology Industrial Participation Total effect (actual) 2026 Target effect 2026
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36/ © 2026 Salzgitter AG / PROFIT IMPROVEMENT PROGRAM P28 Strategy Management Call Q1 2026 / 12.05.2026 TARGET ACHIEVEMENT BY YEAR SEGMEN T TARGET CONTRIBUTION BY 2028(€ m) (€ m) ≈ 60% Steel Production ≈ 20% Steel Processing ≈ 10% Technology ≈ 5% Industrial Participations ≈ 5% Trading 575 One-time effectsSustainable measures New target level P28: Increase from € 515 million to € 575 million 110 19 43 134 129 122 2022-2024 2025 Actual 03/2026 Target 2026
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37/ © 2026 Salzgitter AG / PURCHASING PROFIT IMPROVEMENT PROGRAM P28 Strategy LOGISTICS & INVENTORY OPTIMIZATION Improvement of yield Implementation of a cross-departmental quality initiative ∕ Systematic analysis of error causes and derivation of effective measures ∕ Optimization of production-related processes and maintenance structures Reduction of price variance for standard customer pipes Systematic optimization of economic customer performance ∕ Analysis of the customer portfolio ∕ Sustainable increase in the earnings contribution of selected segments Optimization of raw material composition Raw material optimization at the Peine steelworks ∕ Reduction of input costs through substitution of scrap components ∕ Use of alternative iron-bearing materials PRICE & MARGIN TECHNOLOGY Replacing trucks with rail or logistics concepts Prioritizing rail transport ∕ Expansion of multimodal transport ∕ Development of new route concepts
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38/ © 2026 Salzgitter AG / MANAGEMENT GUIDANCE
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39/ © 2026 Salzgitter AG / MANAGEMENT GUIDANCE Salzgitter Group All in all, we continue to expect an only moderate improvement in t he economic environment and anticipate the following for the Salzgitter Group in the financial year 2026: / sales of around € 9.5 billion, / a pre-tax result VX 1 of between € 200 million and € 300 million, as well as / a return on capital employed VX 1 (ROCE VX1) marginally above the previous year's figure. /E B I T D A V X1 of between € 625 million and € 725 million, Legal Note and other remarks As in recent years, please note that opportunities and risks from currently unforeseeable trends in selling prices, input material prices and capacity level developments, as well as exchange rate fluctuations along with the valuation of the exchangeable bond issued in October 2025, may, may considerably affect business performance in the course of the financial year. The resulting impact on performance may be within a considerable range, either to the positive or to the negative. To the extent that this presentation contains statements oriented towards or related to the future, such statements are based on our current state of knowledge and the estimates based on such knowledge made by the management of Salzgitter AG. However, as is the case with any forecasts or prognosis, such statements are also subject to uncertainties and risks. Notwithstanding prevailing statutory provisions and capital market law in particular, we are not obligated to update this data. In particular, we shall not assume liability of any kind for knowledge and statements, as well as any acts resulting on the basis of such knowledge or statements that emanate directly or indirectly from the analysis of the data, content and correlations of this document. The information and data made available do not represent an encouragement or invitation to buy, sell or conduct any other type of trade in securities. Salzgitter AG shall neither assume liability for direct nor indirect damages, including lost profits, arising as a result of the utilization of the information or data contained in this document. For computational reasons, rounding-off differences of +/– one unit (€, % etc.) may occur in the tables. This document is also available in German language. In the event of any discrepancy, the German version shall prevail. 1 Underlying figure excluding earnings effects related to the valuation of the exchangeable bond
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40/ © 2026 Salzgitter AG / FINANCIALS
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41/ © 2026 Salzgitter AG / KEY DATA PER 2026/03/31 Financials Salzgitter Group off to a very gratifying start to the financial year 2026 1 only from entities within the Group of Consolidated Companies of Salzgitter Group 2 Underlying figure excluding earnings effects related to the valuation of the exchangeable bond 3 per reporting date ΔQ1 2025Q1 2026 161,5531,569ktCrude steel production 162,3292,345€ millionExternal sales 1 20179280€ millionEBITDA VX2 11779196€ millionEBITDA 206-27179€ millionEBT VX2 123-2795€ millionEarnings before tax 117-3582€ millionEarnings after tax 2.1-0.71.5€Earnings per share (undiluted) 12.1-0.511.6%ROCE VX 2 -42322,48322,060Core workforce 3
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42/ © 2026 Salzgitter AG / INCOME STATEMENT Financials ΔQ1 2025Q1 2026Income Statement (€ million) 15.62,329.52,345.1Sales 30.3-65.5-35.2Increase/decrease in finished goods and work in process/other own work capitalized 46.02,264.02,310.0 -25.6142.3116.7Other operating income -30.11,489.11,459.1Cost of materials 2.7494.2496.8Personnel expenses -4.179.175.0Amortization and depreciation of intangible assets and property, plant and equipment 22.4395.0417.3Other operating expenses -2.6-0.5-3.0Result from impairment losses and reversal of impairment losses of financial assets –0.90.9–Income from shareholdings 95.450.2145.6Result from investments accounted for using the equity method -0.57.16.7Finance income -1.733.932.3Finance expenses 122.7-27.395.3Earnings before taxes (EBT) 6.27.313.4Income tax 116.5-34.681.9Consolidated result
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43/ © 2026 Salzgitter AG / CONSOLIDATED BALANCE SHEET Financials Δ12/31/202503/31/2026Assets (€ million) -67.95,169.85,101.9Non-current assets -187.23,015.42,828.2Intangible assets, property, plant and equipment -0.363.363.0Investment property 0.216.516.7Financial assets 124.11,805.21,929.3Investments accounted for using the equity method -0.30.80.6Trade receivables -1.845.743.9Other receivables and other assets 4.80.25.0Income tax assets -7.4222.7215.3Deferred income tax assets 406.45,311.05,717.4Current assets -109.72,532.12,422.4Inventories 252.51,038.41,290.9Trade receivables -19.5374.7355.2Contract assets -47.2263.3216.1Other receivables and other assets -1.537.936.4Income tax assets –4.104.1–Securities 335.81,060.51,396.3Cash and cash equivalents 0.00.0–Assets available for sale 338.510,480.910,819.4Total assets
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44/ © 2026 Salzgitter AG / CONSOLIDATED BALANCE SHEET Financials Δ12/31/202503/31/2026Equity and liabilities (€ million) 134.24,432.84,567.0Equity 0.0161.6161.6Subscribed capital 0.0257.0257.0Capital reserve 123.74,343.94,467.6Retained earnings 8.920.729.6Other reserves 0.012.112.1Unappropriated retained earnings 0.0-369.7-369.7Treasury shares 1.67.28.8Minority Interest -740.33,707.12,966.8Non-current liabilities -22.01,408.21,386.2Provisions for pensions and similar obligations -0.5115.4114.9Deferred tax liabilities -0.118.418.3Income tax liabilities 3.6214.4218.0Other provisions -722.01,937.81,215.8Financial liabilities 0.712.913.6Other liabilities 944.62,341.03,285.6Current liabilities 18.1300.9319.0Other provisions 811.2283.31,094.5Financial liabilities 68.51,049.81,118.3Trade payables -19.2439.0419.8Contract liabilities 1.05.86.8Income tax liabilities 65.0262.2327.2Other liabilities 0.00.0–Liabilities associated with assets held for sale 338.610,480.810,819.4Total assets
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45/ © 2026 Salzgitter AG / CASH FLOW STATEMENT Financials Positive cashflow increases cash and cash equivalents ΔQ1 2025Q1 2026(€ million) 58.41,002.21,060.5Cash and cash equivalents at the start of the period 121.8-44.877.0Cash flow from operating activities 196.12.6198.7Cash flow from investment activities 116.0-59.556.4Cash flow from financial activities 433.9-101.7332.1Changes in cash 504.3892.01,396.3Cash and cash equivalents at the end of the period
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46/ © 2026 Salzgitter AG / DISCLAIMER Salzgitter AG COPYRIGHTS This data file and the data contained on these pages (including, among others, texts, images and graphics) are subject to copyright and other laws on the protection of intellectual property. To the extent that nothing contradicting or deviating is stated, all trademarks bear legal trademark protection. This applies in particular for Salzgitter company logos and product names. The brands and design elements used on our web pages are the intellectual property of Salzgitter AG. We therefore reserve all rights as such. The document serves to provide non- binding information regarding our company to the respective user, and may not be used within the framework of other depictions, in particular websites, without our express prior written consent. LEGAL NOTE To the extent that our Internet pages contain statements oriented towards or related to the future, such statements are based on our current state of knowledge and the estimates based on such knowledge made by the management of Salzgitter AG. However, as is the case with any forecasts or prognosis, such statements are also subject to uncertainties and risks. Notwithstanding prevailing statutory provisions and capital market law in particular, we are not obligated to update this data. In particular, we shall not assume liability of any kind for knowledge and statements, as well as any acts resulting on the basis of such knowledge or statements that emanate directly or indirectly from the analysis of the data, content and correlations of this document. The information and data made available do not represent an encouragement or invitation to buy, sell or conduct any other type of trade in securities. Salzgi tter AG shall neither assume liability for direct nor indirect damages, i ncluding lost profits, arising as a result of the utilization of the information or data contained in this document.