RHI Magnesita (RHIM) Corporate presentation summary

Strategic positioning and market overview

• Holds a leading global position in the refractory market, operating in about 50 countries with over 80 sites and a diversified product suite aligned to blue-chip client needs.

• End-use industries include steel, cement, glass, non-ferrous metals, and energy, with no substitutes for refractories in these sectors.

• Structural growth is underpinned by trends like industrialization, decarbonization, electrification, and digitalization, especially in emerging markets.

• Three business segments: steel, industrials, and mining & minerals, with significant backward integration and recurring business.

• About 50% of raw materials are internally produced, supporting supply chain reliability and cost efficiency.

Operational excellence and value chain integration

• Backward integration delivers cost efficiencies, supply certainty, and margin expansion, with margins expected to normalize at 2-2.5% in the medium term.

• Operational levers include network optimization, SG&A outsourcing, and digitization projects, driving EBITA and margin progression.

• Cash generation is strong, with >90% cash conversion and the ability to deleverage quickly.

• Capital allocation focuses on maintenance CAPEX, organic investments, stable dividends, and value-accretive M&A.

• Margin expansion is targeted through 4PRO solutions, product differentiation, and operational improvements.

Innovation, sustainability, and advanced technologies

• 4PRO business model integrates products, services, and digital solutions, driving customer value and higher margins.

• Advanced Technologies portfolio includes automation, robotics, sensors, and digital solutions, positioning as a technology partner to global OEMs.

• Recycling is a core growth area, with a global network and advanced sorting technology (RAPTOR) enabling circular economy benefits.

• Recycling delivers a win-win-win: cost savings for customers, CO2 abatement, and raw material savings for the company.

• Sustainability leadership is demonstrated through decarbonization initiatives and high recycling rates.