RHI MAGNESITA INDIA LIMITED

70%

tions Customer industries Main application Lifetime and costs Refractory characteristics Steel 70% of revenues Cement/Lime 10% of revenues Non‐ferrous metals 7% of revenues Glass 1 7% of revenues

10%

ain application Lifetime and costs Refractory characteristics Steel 70% of revenues Cement/Lime 10% of revenues Non‐ferrous metals 7% of revenues Glass 1 7% of revenues Energy, Environmental, Che

7%

Refractory characteristics Steel 70% of revenues Cement/Lime 10% of revenues Non‐ferrous metals 7% of revenues Glass 1 7% of revenues Energy, Environmental, Chemicals1 6% of revenues n o i s i v

6%

nues Non‐ferrous metals 7% of revenues Glass 1 7% of revenues Energy, Environmental, Chemicals1 6% of revenues n o i s i v i d l a i r t s u d n I s e s s e n i s u b t c e o r P j RHI Magnes

3%

Rotary kiln Copper flash smelter Glass furnace Secondary reformer 20 minutes to 2 months c.3% of customers’ costs Annually c. 0.5% of customers’ costs 1 to 10 years c. 0.2% of customers’ co

0.5%

Glass furnace Secondary reformer 20 minutes to 2 months c.3% of customers’ costs Annually c. 0.5% of customers’ costs 1 to 10 years c. 0.2% of customers’ costs Up to 10 years c. 1% of customers

0.2%

tes to 2 months c.3% of customers’ costs Annually c. 0.5% of customers’ costs 1 to 10 years c. 0.2% of customers’ costs Up to 10 years c. 1% of customers’ costs 5 to 10 years c. 1.5% of customers

1%

nually c. 0.5% of customers’ costs 1 to 10 years c. 0.2% of customers’ costs Up to 10 years c. 1% of customers’ costs 5 to 10 years c. 1.5% of customers’ costs 1. Includes revenue from mineral s

1.5%

10 years c. 0.2% of customers’ costs Up to 10 years c. 1% of customers’ costs 5 to 10 years c. 1.5% of customers’ costs 1. Includes revenue from mineral sales Part of customers’ operational expend

10.5%

through consolidation Global market share Regional market share % 1 Total market size: c.€20bn 10.5% Others 15% 34% Medium & small Chinese companies 1.5% 3% 3% 3% 3% 10% 4% 4% 3% 3% 65

rs 15

nsolidation Global market share Regional market share % 1 Total market size: c.€20bn 10.5% Others 15% 34% Medium & small Chinese companies 1.5% 3% 3% 3% 3% 10% 4% 4% 3% 3% 65 50 40 4

34%

on Global market share Regional market share % 1 Total market size: c.€20bn 10.5% Others 15% 34% Medium & small Chinese companies 1.5% 3% 3% 3% 3% 10% 4% 4% 3% 3% 65 50 40 40 Sou

RHIM Group

4

Total market size

1

RHI Magnesita India Limited

1

Total market size

c.€20bn 10.5% Others 15% 34% Medium  & small Chinese companies 1.5% 3% 3% 3% 3% 10% 4% 4% 3% 3% 65 50 40 40 South America Africa North America Middle East ex‐Iran India 25 Europe/CIS/Turkey 20 East Asia 10 China 1 RHI Magnesita India | September 2022 1. Approximate market shares based on company estimates, split by revenue 6 Raw material and refractory process overview RHI Magnesita India | September 2022 7 Solutions contracts RHI Magnesita can offer full heat management solutions to its customers Client benefit  Reduced downtime  Lower refractory consumption  Lower energy and other raw materials consumption  Higher productivity and cost savings RHI Magnesita benefit  Market share gains  Higher client retention  Barriers to entry  Longer contracts  Higher margins as contract matures 409 solutions customers worldwide RHI Magnesita India | September 2022 8 Strong growth in the Indian market Market share growth and pricing power, 6 months to 30 June 2022

RHI Magnesita India Limited

India/West Asia/Africa 26% ‐2% ‐1% H1 2022 versus H1 2021 % Steel production (WSA) RHIM Volumes RHIM Revenue (constant currency)

RHIM Group

South America ‐3% 2% 39% 23% 4% 9% RHI Magnesita India | September 2022 9 FY 2022 Update Financial highlights, year to 31 March 20221 Revenue EBITDA EBITDA margin ₹19,951m 45.6% ₹3,935m 78.1% 19.7% 360bps Cash returned to shareholders ₹402m Free cash flow Capex Dividend per share Earnings per share ₹(347)m (143)% ₹620m (27.3)% ₹2.5ps 0% ₹16.7ps 96.8% 1. Denoted on a reported and consolidated basis RHI Magnesita India | September 2022 11 Financial review Summary Financials Consolidated and reported financials year to 31 March 2022 Profit and loss ₹m Revenue from operations Other Income Total Revenue Expenses EBITDA EBITDA Margin Finance Cost Depreciation & amortization Profit before tax Taxes Profit after tax Earnings per share (₹) 2022 2021 Change % 19,951 13,704 97 20,048 16,113 3,935 19.7% 22 338 3,575 885 2,690 16.71 123 13,827 11,618 2,209 16.1% 65 298 1,846 480 1,366 8.49 46% ‐21% 45% 39% 78% 360bps ‐66% 13% 94% 84% 97% 97% Balance sheet ₹m Non‐current assets Financial assets Tota