thyssenkrupp (TKA) Investor presentation summary

Strategic positioning and business model

• Positioned as a global leader in Materials as a Service (MaaS), integrating materials expertise, digital capabilities, and a local-for-local approach to supply chain solutions.

• Operates in over 30 countries with approximately 15,500 employees and serves around 250,000 customers worldwide.

• Business model is diversified across materials distribution, processing, and advanced supply chain solutions, emphasizing resilience and cash generation.

• Focuses on tailored, end-to-end supply chain services, including 3PL/4PL logistics and digital solutions, to address evolving customer needs.

• Strategic transformation includes decoupling from a larger conglomerate, enabling entrepreneurial flexibility and accelerated profitable growth.

Market environment and growth opportunities

• Operates in a large, growing total addressable market estimated at €1,000bn by 2030, with a 4% CAGR across materials, processing, and solutions segments.

• Serves diverse end-markets such as automotive, aerospace, construction, and mechanical engineering, with a strong local sourcing strategy.

• Attractive niche markets like data centers and aerospace & defense are expected to grow at double-digit CAGRs through 2030.

• Key market trends include reshoring, infrastructure investments, increased outsourcing, and the need for complex, transparent supply chains.

Financial performance and resilience

• FY 24/25A sales reached €11.4bn with an adjusted EBITDA of €229m (2.0% margin), reflecting resilience despite market downturns.

• Business units maintained positive profitability, with Solutions showing margin improvement due to long-term contracts and digital offerings.

• Cash flow remains strong and resilient across market cycles, supported by a capex-light model and disciplined working capital management.

• Sequential margin improvement observed in 25/26, driven by North American growth and operational enhancements.