Thyssenkrupp AG

Hello everyone, this is Andreas Trösch from Investor Relations. Also on behalf of my entire team, I wish you a very warm welcome to our conference call on the first half-year results, 2526. With me in the room are our CEO, Miguel Lopez, and our CFO, Dr. Axel Hamann, and also my colleagues from the IR team. Before I hand over to the CEO and CFO for their presentations, some housekeeping. All the documents as usual for this call are available in the IR section on the website. The call will be recorded and the replay will be available shortly after the call. After the presentations, there will be the usual Q&A session for our analysts. We use Microsoft Teams for the call. In order to ask a question, you have to push to raise your hand icon and we will announce your name and open your line. If you are on mute, you must unmute yourself in addition. And with that, I would like to hand over to our CEO, Miguel Lopez.

Thank you, Andreas, and hello, everyone. Welcome to our quarter two conference call. As usual, I would like to give you a concise management summary for the second quarter of fiscal year 25-26, covering our performance, our portfolio progress under ACES 2030, and the key milestones with regard to our green transformation efforts. Let me start with some examples for our portfolio efforts under ACES 2030. At headquarters, we have started the transformation towards a financial holding structure, aiming to be finalized and fully effective by 2030 at the latest. This goes hand in hand with a declining GOST base. At Materials Services, we are fully focused on capital market readiness, including early stage marketing activities to create awareness for the value and growth potential of that segment. At Steel Europe, the restructuring is in execution and progressing very well. This will found the basis for a sustainable performance boost and ultimately an independent business in which ThyssenKrupp may retain a minority stake going forward. As you all know, Jindal International Steel and we have mutually agreed to pause talks regarding a potential transaction in light of the improved regulatory environment for the steel industry in Europe, as well as our efforts in realigning the segment. The term sheet for the new HKM shareholder structure agreed in February is just one example. At Automotive Technology, we successfully completed the sale of Automation Engineering In March, which is a clear example of disciplined portfolio management and execution. And on TK Elevator, the recent news flows, meaning the Kona announcement to combine the two businesses, is a proof point for the underlying value of our stake in TK Elevator. As you all know, we are a minority shareholder and are monitoring the upcoming developments closely.

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