Thyssenkrupp AG

Ladies and gentlemen, welcome to the ThyssenKrupp Q4 and full year 2022-23 results. For the first part of this call, all participants will be in a listen-only mode, and afterwards there will be a question and answer session. I will now hand you over to Klaus Ehrenbeck. Please go ahead.

Thank you very much, operator. Hello, everyone. This is Klaus Ehrenbeck from Investor Relations. Also, on behalf of the entire team, I wish you a very warm welcome to our conference call on Q4 22-23 and the outlook for the new fiscal year 23-24. With me in the room are Miguel Lopez, CEO, Klaus Gaisberg, CFO, and Jack Esser, senior manager in my IR team. Before I hand over to Miguel and Klaus for their presentations, please allow me some housekeeping. All the documents for this call are available in the IR section of ThyssenKrupp's website. We also uploaded the equity stories of the segments. The call will be recorded and a replay will be available shortly after the call has been concluded. After the presentations by Klaus and Miguel, there will be a Q&A session. Please only ask three questions at a time so that everyone has the chance to ask his questions. At the end of the call, Miguel and I would like to make some short statements. We would be thankful if you stay tuned for them. And with that, I would like to hand over to Miguel. Miguel, please go ahead.

Thank you, Klaus. Warm welcome also from my side to today's Q4 and fiscal year 2022-2023 conference call. again it's a pleasure for me to participate in this call and keep staying in touch with you with you all fiscal year 22 23 really was a milestone year for us that's why i would like to start with this very important highlight for us free cash flow before m a is back in positive territory after significant improvements in recent years we finally made it today we delivered with a very pleasing free cash flow before M&A of €363 million. And our commitment is we are here to stay. After this jump into the deep end of our achievements, I would like to continue with some further highlights that I will present to you now. Overall, fiscal year 2022-2023 was dominated by a challenging and volatile macro environment, still we were able to clearly deliver on our management priorities that you are well aware of. First of all, portfolio. Let me remind you of the successful IPO of ThyssenKrupp Nocera at beginning of July in an overall demanding capital market environment. Another very important step in our transformation journey has been the creation of our new segment, Decarbon Technologies. We are simplifying the group structure by reducing the number of segments to five, which leads to less complexity. Of course, we will continue the transformation at the other segments as well and relentlessly strive for standalone solutions for Steel Europe and marine systems.