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|| www.voestalpine.com Company name or Division CAPITAL MARKETS DAY Group Presentation & Railway Systems Business Berlin, September 22, 2026 www.voestalpine.com voestalpine AG
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|| || 22 September 20262 Capital Markets Day 2026 DISCLAIMER This presentation (the “Presentation”) has been prepared by voestalpine AG (the “Company” and together with its consolidated subsidiaries, the “Group”) solely for information purposes in connection with investor and analyst communications. It does not constitute or form part of, and should not be construed as, an offer to sell, an invitation or solicitation of an offer to buy or subscribe for, or a recommendation concerning, any shares, bonds or other financial instruments of the Company in any jurisdiction. The Presentation is not a prospectus or other offering document and has not been approved by any supervisory authority. It does not constitute financial research, investment advice or legal, tax, accounting or other professional advice, and it must not be relied upon as the basis for any investment decision or contract. The information contained in this Presentation is provided as of the date stated in the Presentation and may be incomplete, condensed or subject to change without notice. Although the Company has taken reasonable care in preparing the Presentation, neither the Company nor any member of the Group, nor any of their respective directors, officers, employees, agents or advisers, makes any representation or warranty, express or implied, as to the accuracy, completeness, fairness or reliabilityof the information or opinions contained herein. Information obtained from third-party sources has not necessarily been independently verified. Any alternative performance measures or othernon-IFRS measures included in the Presentation should be considered together with, and not as a substitute for, the corresponding measures prepared in accordance with IFRS; definitions and reconciliations are provided in the relevant financial reports or elsewhere in the Presentation, where applicable. This Presentation contains forward-looking statements. Such statements are based on current expectations, estimates, assumptionsand projections and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, financial position, performance or achievements of the Group, or developments in the industries and markets in which the Group operates, to differ materially from those expressed or implied by such statements. Forward-looking statements may be identified by terms such as “assumes”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “will”, “projects”, “targets”, “forecasts” orsimilar expressions. They are not guarantees or predictions of future performance. Past performance is not a reliable indicator of future performance. Except as required by applicable law or regulation, the Company and the Group undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Recipients must make their own independent assessment of the Group and of the legal, regulatory, tax, financial and other consequences of any investment and should consult their own professional advisers. By accessing or receiving this Presentation, each recipient is deemed to represent that it is permitted under applicable law to receive the Presentation and agrees to observe any restrictions applicable to its possession, distribution or use. The Presentation may not be reproduced, redistributed or published, in whole or in part, except with the Company’s prior written consent or as permitted by applicable law. To the fullest extent permitted by applicable law, neither the Company nor any member of the Group, nor any of their respective directors, officers, employees, agents or advisers, accepts any liability for any loss arising directly or indirectly from the use of, or reliance on, this Presentation or its contents.Nothing in this disclaimer excludes or limits any liability that cannot lawfully be excluded or limited.
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|| || 22 September 20263 Capital Markets Day 2026 TODAY’S SPEAKERS Herbert Eibensteiner CEO voestalpine AG Gerald Mayer CFO voestalpine AG Franz Kainersdorfer Board Member voestalpine AG Günter Neureiter CEO voestalpine Railway Systems
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|| || 22 September 20264 Capital Markets Day 2026 AGENDA 11:30–12:30 Lunch break12:30–13:00 13:00–14:15 Transfer to InnoTrans trade fair14:30–14:45 Product presentation at the voestalpine Railway Systems booth14:45–15:45 Guided trade fair tour15:45–17:30 Transfer to airport17:30 CEO & CFO Presentation Group Overview + Q&A 20 min Management Presentation Metal Engineering Division & Railway Systems Business + Q&A 30 min
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|| || A GLOBALLY LEADING steel and technology group with a unique combination of materials and processing expertise CEO & CFO PRESENTATION Group Overview 22 September 2026 Capital Markets Day 20265
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|| || 5 continents 50 countries 500 companies & locations A GLOBALLY LEADING steel and technology group with a unique combination of materials and processing expertise breakdown by revenue 45% PROCESSING & ENGINEERING 55 % STEEL& METAL PRODUCTION 22 September 20266 Capital Markets Day 2026 || 15 bn€ revenue BY 25/26 -4.3% YoY 1.5 bn€ EBITDA BY 25/26 +10.3% YoY 537 m€ FCF BY 25/26 +74% YoY
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|| || 5 continents 50 countries 500 companies & locations 15 bn€ revenue BY 25/26 -4.3% YoY 1.5 bn€ EBITDA BY 25/26 +10.3% YoY 537 m€ FCF BY 25/26 +74% YoY A GLOBALLY LEADING steel and technology group with a unique combination of materials and processing expertise 22 September 20267 Capital Markets Day 2026 1 Group || breakdown by revenue 45% PROCESSING & EN GINEERING 55 % STEEL & METAL PRODUCTION
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|| || 1 Group RAILWAY SYSTEMS WELDING OCTG AUTO M O TIVEC. TUBES& SEC. W&R WIRE SPECIAL MATERIALS & TOOL STEEL FLATSTEEL HEAVY PLATE METAL ENGINEERING METAL FO RM IN G HIGH PERFORMANCE ME TALS STEEL 45% PROCESSING & ENGINEERING 55 % STEEL & METAL PRODUCTION 4 Divisions 12 Business Units 22 September 20268 Capital Markets Day 2026 5 continents 50 countries 500 companies & locations breakdown by revenue || A GLOBALLY LEADING steel and technology group with a unique combination of materials and processing expertise 15 bn€ revenue BY 25/26 -4.3% YoY 1.5 bn€ EBITDA BY 25/26 +10.3% YoY 537 m€ FCF BY 25/26 +74% YoY
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|| || Steel Division 37% of group revenue High Performance Metals Division 18% of group revenue Metal Engineering Division 26% of group revenue Metal Forming Division 19% of group revenue 22 September 20269 Capital Markets Day 2026 ||
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|| || MANAGING CHANGE IN A VOLATILEWORLD * refers to European Union North America & USA Solid economic develop- ment, robust investments in tech and AI South America & Brazil High interest rates, strong competition from Chinese imports Europe Subdued economic growth, pressure from U.S. tariffs, weak industrial production, positive impacts from EU regulation Asia & China Stable economic perfor- mance, growth driven by exports, weak domestic economy Rest of world 14 % 3 % 65 %* 8 % <10 % of revenue || of revenue of revenue of revenue of revenue 22 September 2026 Capital Markets Day 202610
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|| || Market Positioning 01 Innovation & Quality 02 Resilient Business 03 Consistent Strategy 04 Active Management 05 Capital Allocation 06 SIX REASONS to invest in voestalpine ||11 Capital Markets Day 2026 High-quality products in techno- logically demanding industries Stronger pricing power Reduced spot market exposure Long-lasting customer relationships Sustainably high utilization rate FOCUS Image source: ESA 22 September 2026
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|| || ~100 partners form our scientific R&D network 70 R&D sites worldwide ~880 FTEs in R&D BY 2025/26 >650 patent families >3,400 registered IP rights ~222 m€ investments in R&D BY 2025/26 High-quality products in techno- logically demanding industries Stronger pricing power Reduced spot market exposure Long-lasting customer relationships Sustainably high utilization rate FOCUS Image source: ESA MARKET POSITIONING REASON 01 02 03 04 05 06 Market Positioning 01 Innovation & Quality 02 Resilient Business 03 Consistent Strategy 04 Active Management 05 Capital Allocation 06 || R&D IS EMBEDDED IN THE BUSINESS MODEL and creates USPs in Products and Processes Leading Partner #1 World Market Leader Global Leader Automotive Aerospace Mechanical Engineering Energy Railway Systems Special Sections High-bay warehouse engineering 22 September 2026 Capital Markets Day 202612
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|| || || R&D IS EMBEDDED IN THE BUSINESS MODEL and creates USPs in products and processes ~100 partners form our scientific R&D network 70 R&D sites worldwide ~880 FTEs in R&D BY 2025/26 >650 patent families >3,400 registered IP rights ~222 m€ investments in R&D BY 2025/26 Innovation & Quality INNOVATION & QUALITY REASON 0201 03 04 05 06 voestalpinePeer #3Peer #2Peer #1 R&D Expense in m€ 2022 2023 2024 2025 Average R&D coefficient (of revenue) High-quality products in techno- logically demanding industries Stronger pricing power Reduced spot market exposure Long-lasting customer relationships Sustainably high utilization rate FOCUS Image source: ESA 22 September 2026 Capital Markets Day 202613
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|| || 1,0 0,7 0,6 1,5 0 100 200 300 voestalpinePeer #3Peer #2Peer #1 R&D expense in m€ 2022 2023 2024 2025 Average R&D coefficient (of revenue) R&D IS EMBEDDED IN THE BUSINESS MODEL and creates USPs in products and processes ~100 partners form our scientific R&D network 70 R&D sites worldwide ~880 FTEs in R&D BY 2025/26 >650 patent families >3,400 registered IP rights ~222 m€ investments in R&D BY 2025/26 ||14 Capital Markets Day 2026 Innovation & Quality INNOVATION & QUALITY REASON 0201 03 04 05 06 Source: European Commission, EU Industrial R&D Investment Scoreboard, Scoreboard | IRI 22 September 2026
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|| || 22 September 202615 Capital Markets Day 2026 Innovation & Quality INNOVATION & QUALITY REASON 0201 03 04 05 06 AEROSPACE » Industrialization of highly complex titanium forgings for landing gear » Supporting increasing revenues INVAR POWER CABLES » New INVAR alloy developed for high-voltage power cables » Stronger and more temperature-resistant » Enhanced manufacturing efficiency through higher material yield Products ARTIFICIAL INTELLIGENCE » AI defect detection in production » Predictive maintenance » New intelligent products e.g., digital turnouts NEW ADVANCED TESTING CENTRE » 85,000 tests per month » Commitment to highest product quality and reliability » Setting new international standards Processes 30 % Automotive 16 % Energy 15 % Railway Systems 10 % Construction 8 % Mechanical Engineering 4 % Aerospace 4 % White-/ Consumer Goods 13 % Other DIVERSIFICATION across four divisions and multiple segments … Revenue breakdown BY 2025/26
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|| || 22 September 202616 Capital Markets Day 2026 Innovation & Quality RESILIENT BUSINESS REASON 0301 02 04 05 06 DIVERSIFICATION across four divisions and multiple segments … 30 % Automotive 16 % Energy 15 % Railway Systems 10 % Construction 8 % Mechanical Engineering 4 % Aerospace 4 % White-/ Consumer Goods 13 % Other Revenue breakdown BY 2025/26
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|| || 22 September 202617 Capital Markets Day 2026 Innovation & Quality RESILIENT BUSINESS REASON 0301 02 04 05 06 RESULT » Lower operating leverage » Proven track record of positive free cash flow generation FOR OVER 15 YEARS. Positive free cash flow through the cycle since 15 years on average in m€ 220 445 589 11,5 9,3 10,5 15,4 14,0 10,0 8,6 9,9 14 Reduced cyclicality reflected in consistently stable EBITDA margins in % voestalpine Ø quarterly margin steel peers 2011–2016 2016–2021 2021–2026 2018 2019 2020 2021 2022 2023 2024 2025 Strategy 2030+ DIVERSIFICATION across four divisions and multiple segments … reduces volatility 30 % Automotive 16 % Energy 15 % Railway Systems 10 % Construction 8 % Mechanical Engineering 4 % Aerospace 4 % White-/ Consumer Goods 13 % Other Revenue breakdown BY 2025/26
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|| || 22 September 202618 Capital Markets Day 2026 Innovation & Quality CONSISTENT STRATEGY REASON 0401 02 03 05 06 FROM A STEEL-ONLY COMPANY TO A HIGHLY DIVERSIFIED INDUSTRIAL TECHNOLOGY GROUP PROCESSING & ENGINEERING downstream revenue share grows STEEL & METALS PRODUCTION remains our core DNA Processing & Engineering Downstream Revenue Share Steel producer 20% Diversified industrial & technology group 45% Expansion of high- value businesses >50% 1995 2025 2030+ RESULT » Lower operating leverage » Proven track record of positive free cash flow generation FOR OVER 15 YEARS. DIVERSIFICATION across four divisions and multiple segments … reduces volatility Focus growth areas: > Railway Systems > Warehouse & Rack Solutions > Tubes & Sections > Aerospace Strategy
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|| || 22 September 202619 Capital Markets Day 2026 Innovation & Quality CONSISTENT STRATEGY REASON 0401 02 03 05 06 PHASED DECARBONIZATION » Capital-light and » Risk-reduced approach *Achieved by replacing blast furnaces with EAFs, reducing Scope 1 and Scope 2 emissions versus the 2019 baseline. Ramp-up of 2 EAFs: Linz & Donawitz Investment: 1.5 bn€ Reduction of CO2 emissions by 30%* Replacement of 2 more blast furnaces (-50%* CO2 emissions) Goal: Net-zero CO2 emissions 2027 from 2029 until 2030 from 2050 until Decarbonization Strategy PRESERVING OUR QUALITY LEADERSHIP THROUGHOUT THE TRANSFORMATION AND BEYOND
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|| || Innovation & Quality ACTIVE MANAGEMENT REASON 0501 02 03 04 06 * excl. Buderus Edelstahl and BÖHLER Profil HIGH PERFORMANCE METALS DIVISION ~150 m€ sustainable cost reduction (p.a.) realized » Reduction of ~1,100* FTEs between 2024 and 2026 » Warehouse locations reduced by ~20 % » Buderus Edelstahl & BÖHLER Profil successfully sold » Focus on high-end tool steels and special materials Divisional EBITDA BY2025/26 216 m€ Target BY2028/29 400 m€ METAL FORMING DIVISION Business Unit Automotive Components ~70 m€ sustainable cost reduction (p.a.) realized » Plant in Birkenfeld, Germany closed (BY 2024/25) » >1,200 FTEs reduced since March 2023 » Further reduction of 250 FTEs until March 2027 » Additional measures under review to reach EBIT margin of 6 % Divisional EBITDA BY2025/26 218 m€ Target BY2028/29 400 m€ || 22 September 2026 Capital Markets Day 202620
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|| || Innovation & Quality CAPITAL ALLOCATION REASON 0601 02 03 04 05 OPTIMIZED CAPITAL STRUCTURE Ongoing focus on: » Implied credit rating » Company valuation » Market expectations VALUE- ENHANCING GROWTH Group-level profitability targets: » ROCE >12 % » EBITDA margin 14% GRADUAL DECARBONIZATION Investment required over the next few years. All steps carefully examined, especially economic factors. RETURN TO SHAREHOLDERS Target payout ratio: 30 % of earnings per share (EPS) Defined minimum dividend: 0.40 € per share 01 02 03 04 || 22 September 2026 Capital Markets Day 202621
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|| || Innovation & Quality CAPITAL ALLOCATION REASON 0601 02 03 04 05 » Conservative financial policy ensuring investment grade profile » Disciplined de-leveraging in last years ~400 m€ BY25/26 16% max. 50%Gearing Equity/Net Debt 0.9 max. 2.0Leverage Net Debt/EBITDA CAPITAL STRUCTURE >120 m€** BY25/26 RETURN TO SHAREHOLDERS Consistent dividend payout ratio at 30% >170 m€ BY25/26 GROWTH Organic and selective bolt-on M&A >380 m€ BY25/26 DECARBONIZATION Risk reduced step-by-step approach Up to March 2026 0.75 bn€* of 1.5 bn€ 1.5 bn€ Cashflow from Operating Activities in BY 2025/26 Maintenance CAPEX of 400 m€ 1.1 bn€ Investable Cashflow *Cash outflow | **including minorities OPTIMIZED CAPITAL STRUCTURE Ongoing focus on: » Implied credit rating » Company valuation » Market expectations VALUE- ENHANCING GROWTH Group-level profitability targets: » ROCE >12 % » EBITDA margin 14% GRADUAL DECARBONIZATION Investment required over the next few years. All steps carefully examined, especially economic factors. RETURN TO SHAREHOLDERS Target payout ratio: 30 % of earnings per share (EPS) Defined minimum dividend: 0.40 € per share || 22 September 2026 Capital Markets Day 202622
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|| || Innovation & Quality CAPITAL ALLOCATION REASON 0601 02 03 04 05 FOCUS Organic growth Aerospace Railway Systems 1,5 2,2 3,0 2020 2025 2030+ target Growth projection Revenue (bn€) 20 % avg. ROCE >7 % CAGR Digestible M&A activities in focus Warehouse & Rack Tubes & Sections Growth in processing and engineering businesses in-line with our strategy 2030+ || 22 September 202623 Capital Markets Day 2026 DRIVING PERFORMANCE through capital efficiency and strategic portfolio management + 1 billion € Growth target strategy 2030+Growth target strategy 2030+ +200 m€
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|| || All units must contribute to achieving the Group ROCE target of 12%. Innovation & Quality CAPITAL ALLOCATION REASON 0601 02 03 04 05 EBIT CE Group ROCE target 12% Business BBusiness A ROCE 11% 25% 14% 21% 9% 10% 26% 4% 9% …14% 9% Division ROCE Business C Business D Division ROCE FOCUS Aerospace Growth target strategy 2030+ +200 m€ Railway Systems Growth projection Revenue (bn€) 20 % avg. ROCE >7 % CAGR Digestible M&A activities in focus Warehouse & Rack +400 m€ Growth target strategy 2030+ Bolt-on M&A Tubes & Sections +600 m€ Growth target strategy 2030+ Bolt-on M&A Growth in processing and engineering businesses in-line with our strategy 2030+ || DRIVING PERFORMANCE through capital efficiency and strategic portfolio management 22 September 2026 Capital Markets Day 202624
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|| || Innovation & Quality CAPITAL ALLOCATION REASON 0601 02 03 04 05 EBIT DEVELOPMENT in m€ Ø CAPITAL EMPLOYED DEVELOPMENT in m€ ROCE DEVELOPMENT in % 569 455 724 2023/24 2024/25 2025/26 Strategy 2030+ 10,480 10,245 9,920 2023/24 2024/25 2025/26 Strategy 2030+ 5,4 4,4 7,3 2023/24 2024/25 2025/26 Strategy 2030+ CAPEX development expected to normalize towards depreciation levels following the completion of green transformation investment cycle. ROCE expansion driven by EBIT recovery and disciplined management of CE, supported by successful working capital releases over recent years. +59% YoY 2025/26 -4% YoY 2025/26 >12 ||25 Capital Markets Day 2026 OUR COMMITMENT voestalpine’s goal is to deliver attractive returns, persistent cash flows and structural earnings growth. Dividend Policy 30 % payout ratio 0.40 € minimum dividend Dividend Track Record 4 bn€ dividend pay out since 1995 Dividends paid every year since 1995, a consistent record of shareholder participation Free Cashflow Yield 8.4 % FCF yield 2011–2026 FCF/Market Cap Total Shareholder Return 1,250 % increase in value since the 1995 IPO 8.5% CAGR 22 September 2026
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|| || Innovation & Quality CAPITAL ALLOCATION REASON 0601 02 03 04 05 OUR COMMITMENT voestalpine’s goal is to deliver attractive returns, persistent cash flows and structural earnings growth. Dividend Policy 30 % payout ratio 0.40 € minimum dividend Dividend Track Record 4 bn€ dividend pay out since 1995 Dividends paid every year since 1995, a consistent record of shareholder participation Free Cashflow Yield 8.4 % FCF yield 2011–2026 FCF/Market Cap Total Shareholder Return 1,250 % increase in value since the 1995 IPO 8.5% CAGR ||26 Capital Markets Day 202622 September 2026
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|| || SIX REASONS to invest in voestalpine Market Positioning 01 Leading positions in profitable markets with high entry barriers Innovation & Quality 02 R&D-based competitive advantages through innovation Resilient Business 03 Diversification reduces cyclicality and operating leverage Consistent Strategy 04 Responsible growth strategy & low risk decarbonization with greentec steel Active Management 05 Reorganization measures supporting strategy to achieve EBITDA target Capital Allocation 06 Responsible capital allocation supporting sustainable value creation || 22 September 2026 Capital Markets Day 202627
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|| || Growth segments STRATEGIC AND SUSTAINABLE GROWTH Aerospace Warehouse & Rack Tubes & Sections Railway Systems Railway Systems RESILIENT, RECURRING BUSINESS ~85 % of Railway Systems revenue linked to repair and maintenance Every new system order expands the long-term lifecycle opportunity. COMPETITIVE ADVANTAGE as full system provider NEWS 230 m€ 470 m€ Supply of high-speed switches, signaling technology and monitoring applications (2023) Largest single Railway Systems order to date (2026) HS2 project UK underway Rail Baltica project USP: Turnout systems, track systems, signaling and monitoring from one source. 22 September 202628 Capital Markets Day 2026 ||
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|| || ATTRACTIVE OUTLOOK 22 September 202629 Capital Markets Day 2026 || Actual Q1 BY26/27 EBITDA DEPRECIATION CAPEX 60 m€ 16 m€ 8 m€
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|| || ATTRACTIVE OUTLOOK 22 September 202630 Capital Markets Day 2026 || Actual Q1 BY26/27 Outlook Full BY26/27 EBITDA DEPRECIATION CAPEX 60 m€ 16 m€ 8 m€ ~210 m€ ~67 m€ ~75 m€
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|| || MANAGEMENT PRESENTATION Metal Engineering Division & Railway Systems Business 22 September 2026 Capital Markets Day 202631
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|| || METAL ENGINEERING DIVISION MAIN FOCUS 22 September 202632 Capital Markets Day 2026 || GLOBAL SUPPLIER of tailor-made product and system solutions from our own steel base for demanding applications with a focus on extending the value chain, continuous material & system development, and the smart digitization of products Revenue 4.1 bn€ BY 25/26 EBITDA margin 9.2 % BY 25/26 Companies & Locations 154
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|| || METAL ENGINEERING DIVISION TWO BUSINESS SEGMENTS 22 September 202633 Capital Markets Day 2026 || RAILWAY SYSTEMS INDUSTRIAL SYSTEMS TAILOR-MADE SYSTEM SOLUTIONS for the most demanding industrial segments Stahl Donawitz Wire Technology Tubulars Welding European Top Provider Global Top Provider Global Market Leader
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|| || METAL ENGINEERING DIVISION REGIONS AND CUSTOMERS 22 September 202634 Capital Markets Day 2026 || Figures: BY 2025/26 REVENUE PER REGION Production footprint in main markets address increasing need for local content CUSTOMER SEGMENTS Diversified customer portfolio leads to maximum resilience EU 57 % (Austria 8 %) RoW 12 % Asia 11 % USMCA 18 % Railway Systems 55 % White & Consumer Goods 2 % Energy 18 % Automotive 11 % Other 7 % Mechanical Engineering 4 % Construction 3 % South America 2 %
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|| || 22 September 202635 Capital Markets Day 2026 || 2030 Ramp-up of EAF Expansion phase 1 Replacement of first blast furnace EAF – Start of expansion phase 2* Investment volume: 100 m€ Shut down of second blast furnace and sintering plant Complete conversion to electric steel production Reduction of CO2 emissions by over 90% (base year 2019) 2027 April 2027 from 2030 from *Subject to clarification of unresolved funding issues DONAWITZ greentec steel
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|| || RAILWAY SYSTEMS PERFORMANCE ON TRACK® 22 September 202636 Capital Markets Day 2026 || Leading global provider of system solutions for railway infrastructure Comprehensive railway infrastructure systems designed for maximum service life performance Designed to optimize lifecycle costs and maximum availability PORTFOLIO » High-performance track systems » Intelligent turnout systems » Digital monitoring solutions
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|| || 22 September 202637 Capital Markets Day 2026 || RAILWAY SYSTEMS ALWAYS CLOSE TO CUSTOMERS Production sites Office locations Extensive experience and knowledge of local conditions and requirements GLOBAL NETWORK » 79 locations » 52 production sites » 4 continents
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|| || RAILWAY SYSTEMS PROVEN TRACK RECORD OF GROWTH & VALUE CREATION WITH FURTHER FOCUS ON EXECUTING OUR STRATEGY 2018 2020 2021 2022 2023 2024 2025 2026 Establishment of the Railway Infrastructure Design Institute at Technical University of Graz, start development of digital twin concept Joint Venture Digital Track Management, focused on Asset and Maintenance Management Acquisition of Plastwil Sp. z o.o., a producer of Fastening Systems Consolidation of railway infrastructure expertise under the “Railway Systems” umbrella Acquisition of turnout manufacturer Unitrac Railroad Materials in Knoxville, USA Establishment of the Engineering Center Asia New turnout plant in Canada based on 10-year contract with CN 1.396 m€ revenue 2.189 m€ revenue New turnout manufacturing company in Egypt, acquisition of sleeper production in Spokane (US) and creation of a dedicated organizational unit for the Fastenings and Sleepers businesses 22 September 202638 Capital Markets Day 2026 ||
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|| || 22 September 202639 Capital Markets Day 2026 || RAILWAY SYSTEMS SYSTEM PORTFOLIO AT A GLANCE Innovative and Intelligent Systems, Products, and Service Solutions for global railway infrastructure applications Elastic Base Plate Fastening Axle Counter End Position Detector Additional Locking Position for Switch Blades Moveable Point Frog Vibration Absorber (Split Bearer) Setting System for Moveable Point FrogAdditional Locking Position for Movable Point Frog Elastic Switch Roller System Inner Stock Rail Fastening Setting System / Switch Machine with integrated locking Super Premium Rails Diagnostic and Monitoring Systems for Track, Fixed Assets and Rolling Srock OPTIONAL Alternative Plate Integrated Roller System Point Machine with External Lock Mechanical Locking Device (Fully Encapsulated) Mechanical Locking Device Insulating Joint Rail Expansion Joint Elastic Bridge Base Plate Fastening Holding Down Device
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|| || RAILWAY SYSTEMS MAXIMIZING TRACK AVAILABILITY. MINIMIZING LIFE CYCLE COSTS. ENSURING LONG-TERM PERFORMANCE. SPECIALIZED PROFIT CENTER Share of turnover Harmonious Integration of Components Maximum Performance Robust Components Digital Technologies Comprehensive Sensor Technology Professional Management Software Minimized Dynamic Forces Extended Component Lifetime Consistent Track PositionReal-time Insights Predictive Maintenance Signaling 7 % Track Systems 31 % Turnout Systems57 % Fixations5 % 22 September 202640 Capital Markets Day 2026 ||
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|| || 22 September 202641 Capital Markets Day 2026 FUTURE POTENTIAL RAILWAY SYSTEMS HIGH AVAILABILTY TRACK European mixed-traffic and high-speed networks (>160 km/h) Smart Solution enabling a Digital Twin are the basis for the performance of High Availability Track Systems (HAT). Potential market of ~80,000 km by 2040
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|| || 22 September 202642 Capital Markets Day 2026 || RAILWAY SYSTEMS SYSTEM PROVIDER TO VARIOUS BUSINESS AREAS ACROSS THE GLOBE High Speed Mixed Traffic Freight Traffic Urban Traffic Tram Urban Traffic Metro
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|| || RAILWAY SYSTEMS SYSTEM PROVIDER ALONG THE WHOLE LIFE CYCLE 01 02 03 04 PREPARE START RUN PERFORM Consulting, Engineering & Training Supply, Logistics & Initial Service Maintenance & Recycling Track Management 22 September 202643 Capital Markets Day 2026 ||
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|| || 22 September 202644 Capital Markets Day 2026 Creating an additional technology- driven growth layer across all regions in railway infrastructure business. RAILWAY SYSTEMS DIGITALIZATION
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|| || zentrak THE INTELLIGENT, CONSCIOUS AND LIVING RAILWAY ECOSYSTEM Create and manage the most efficient, reliable, and high-performing railway track assets in the world Infrastructure Monitoring Rolling Stock Monitoring Asset & Maintenance Management zentrak Ecosystem Sensor Data UsersInterfaces 3rd-party Sensors Railway System Sensors Cost-effective digitalization Sustainable, long-term growth 22 September 202645 Capital Markets Day 2026 || GROWTH ENGINE PRESCRIPTIVE & PREDICTIVE MAINTENANCE » Monitoring and predicting the condition of assets » Reduced maintenance costs » Extended lifetime
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|| || 22 September 202646 Capital Markets Day 2026 GROWTH ENGINE PRESCRIPTIVE & PREDICTIVE MAINTENANCE » Monitoring and predicting the condition of assets » Reduced maintenance costs » Extended lifetime RAILWAY SYSTEMS INTELLIGENT TURNOUTS
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|| || Rail Baltica 470 M€* – INCLUDING 535 DIGITAL HIGH-SPEED TURNOUTS zentrak INFRASTRUCTURE MONITORING ECOSTAR 5.0 SPHEROLOCK NG EPD 4.0 Hollow Steel Bearer UNILOCK OCP Turnout Heating System Digital Touch Point Mobile App Customer Portal 01 02 03 04 05 06 07 07 07 Further components Gap Position Measurement Fluid Level Sensor Hydraulic Pressure Sensor Current Transducers Temperature Sensor Vibration Measurement 03 06 05 07 010402 * Thereof significant volume for Signaling Solutions Drive / Locking / Detection Signaling Digital Track Systems 01 02 03 04 05 06 07 22 September 202647 Capital Markets Day 2026 ||
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|| || 22 September 202648 Capital Markets Day 2026 || THE RAILWAY MARKET MARKET ENVIRONMENT & DYNAMICS RAIL INFRASTRUCTURE is entering a multi-decade investment cycle Global growth themes Infrastructure Renewal Digitalization & AI High(er)-Speed Projects Freight & Logistic Corridors Urbanization & Capacity Expansion Premium rail- and advanced turnout systems Winning themes Digitalization & AI Predictive maintenance Integrated rail infrastructure solutions 3,817 5,553 842 1,716 Fixations Signaling Rails Turnout Accessible Railway Market Volume 2025 (in m€) ~11 bn€ Source: vaRS internal market intelligence Total Railway Market Volume 2025 ~15.3 bn€ Thereof ~4.3 bn€ non-accessible due to network operators’ in-house productions, logistic costs, etc. as limiting factor.
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|| || RAILWAY SYSTEMS COMPETITIVE LANDSCAPE THE FULL SYSTEM ADVANTAGE We seamlessly integrate tracks, turnouts, signaling, and fastening systems into one unified solution. The only full-system provider in the infrastructure segment Global Footprint Combining local expertise with global scale to support your projects anywhere in the world. 22 September 202649 Capital Markets Day 2026 ||
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|| || 22 September 202650 Capital Markets Day 2026 || RAILWAY SYSTEMS COMPETITIVE LANDSCAPE THE FULL SYSTEM ADVANTAGE We seamlessly integrate tracks, turnouts, signaling, and fastening systems into one unified solution. The only full-system provider in the infrastructure segment Global Footprint Combining local expertise with global scale to support your projects anywhere in the world. Peers per segment: Entire System Rails Turnouts Signaling/Digitalization Entire system Components only Global playerLocal supplier
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|| || 22 September 202651 Capital Markets Day 2026 || RAILWAY SYSTEMS ORGANIC GROWTH REGIONS Growth path voestalpine Railway Systems » Track infrastructure moderni- zation/replacement demand » Intermodal corridor growth » Network efficiency optimization USMCA » Mining infrastructure » Heavy-haul rail » Network upgrades SOUTH AMERICA » Network renewal » Digitalization » TEN-T corridor expansion » Modal shift & decarbonization » Military mobility & resilience EUROPE » New network construction » Mining corridors » Port connections » Urban rail projects AFRICA » Asset renewal & maintenance » Network optimization » Steady growth of high-speed lines » Automation & AI CHINA » Massive network modernization » Freight corridors » Electrification » High-speed rail » Metro growth INDIA » SEA: infrastructure investments and modernization » Australia: heavy haul upgrades, reliability improvements, premium rail demand REST OF ASIA (INCL. AUSTRALIA)
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|| || RAILWAY SYSTEMS GROWTH OPPORTUNITY EUROPE Railway Systems Location 01 03 » 4th largest railway market in Europe with ~18,600 km » Major development in high-speed segment (CPK-Line) » Upgrade of existing network » Digitalization of railway infrastructure 02 POLAND » Europe’s largest railway network with close to 40,000 km » Government providing around 150 bn€ to DB for the modernization of railway network » Continuous strong demand expected 01 GERMANY Local manufacturing footprint essential for market development 22 September 202652 Capital Markets Day 2026 || 02 » 5th largest railway market in Europe with ~17,300 km track » Major developments in high speed & urban traffic networks (tram & metro) » Digitalization of railway infrastructure 03 ITALY
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|| || RAILWAY SYSTEMS GROWTH OPPORTUNITY INDIA Railway Systems Location » 4th largest railway network in the world ~152,000 km » Network modernization and capacity expansion by 2030, with focus on signaling upgrades » Establishment of a High-Speed Network of up to 7,000 km » Freight corridor expansion to increase rail freight share (27 % → 45 %) » Materializing local resources for global support in Engineering & Software Development Total Market Volume >1.5 bn€ 22 September 202653 Capital Markets Day 2026 || Further development of the local presence and establishment of specific support hubs Biggest potential in High-Speed and Signaling 01 03 02
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|| || 22 September 202654 Capital Markets Day 2026 || RAILWAY SYSTEMS GROWTH OPPORTUNITY CENTRAL ASIA Railway Systems Location 04 03 02 01 High-speed connection between Tashkent and Samarkand 02 UZBEKISTAN 4,200 km » Further construction of the Middle Corridor (>322 km) » Planned Investment: 17,500 m€ 01 KAZACHSTAN 16,600 km Planned Investment: 10,200 m€ 04 KYRGYZSTAN 417 km Trans-Turkmenistan Railway Modernization 03 TURKMENISTAN 5,000 km Growth opportunities in the CA countries through localization of Railway Systems activities
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|| || THANK YOU www.voestalpine.com voestalpine AG