Sulzer : 2024 Capital Markets Day

2024 Capital Markets Day

June 10, 2024

Disclaimer

This Presentation has been prepared and issued by and is the sole responsibility of Sulzer Ltd (Sulzer, and together with its subsidiaries, the Sulzer Group) and is being furnished to each party to whom it is delivered solely for its own information.

For the purposes of this notice, this presentation includes this document, its contents or any part of it and any related video or oral presentation, any question or answer session and any written or oral material discussed or distributed during the presentation meeting (the Presentation).

This Presentation is not, and should not be construed as, a prospectus or offering document, and has not been reviewed or approved by any regulatory or supervisory authority. The Presentation does not constitute or form part of, and should not be construed as, any offer or invitation or recommendation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or as a solicitation by or on behalf of Sulzer or the Sulzer Group of any offer to purchase, otherwise acquire, sell, otherwise dispose of, issue, or subscribe for, any securities or loans or make an investment in Sulzer or any other member of the Sulzer Group or any other entity in any jurisdiction, and nothing contained therein shall form the basis of, or be relied on in connection with, any contract or commitment whatsoever, in particular, it must not be used in making any investment decision with regards to or reference to any loans or securities in Sulzer or the Sulzer Group.

No representation, warranty or undertaking, express or implied, is made by Sulzer, any member of the Sulzer Group or any of their respective affiliates or directors, officers, employees, agents or advisers (Representatives) or any other person as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained therein or any other statement made or purported to be made in connection with Sulzer and the Sulzer Group for any purpose whatsoever, including but not limited to any investment considerations. No responsibility, obligation or liability whatsoever, whether arising in tort, contract or otherwise, is or will be accepted by Sulzer, the Sulzer Group or any of their respective Representatives or any other person for any loss, cost or damage howsoever arising from any use of the Presentation, or for information or opinions or for any errors, omissions or misstatements contained therein or otherwise arising in connection therewith.

This Presentation contains forward-looking statements, including but not limited to, projections of financial developments, market activities, future performance of products and solutions or planned transactions, which involve risks and uncertainties and are based on certain assumptions. These forward-looking statements are subject to change based on known or unknown risks and various other factors, which could cause the actual results, performance or events to differ materially from the statements made herein. If any of these risks and uncertainties materializes or if the assumptions underlying any of Sulzer's forward-looking statements prove to be incorrect, the actual results may be materially different from those Sulzer expresses or implies by such statements. Sulzer does not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of their publication.

The information contained in this Presentation has been provided by Sulzer and by the other sources identified in this Presentation, has not been verified independently and is provided for information purposes only.

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Welcome and opening remarks

Suzanne Thoma | Executive Chairwoman

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What we will discuss today

• How Sulzer serves large essential markets
• How Sulzer creates value where it really counts
• How Sulzer grows organically
• How Sulzer achieves a step-change in profitability and return on capital
• How Sulzer evolves as a resilient, cash-generating company

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Today's agenda

2024 Capital Markets Day

10:00
Welcome & opening remarks	Suzanne Thoma
Markets and strategy	Suzanne Thoma
Flow	Jan Lüder
	Gilbert Faul
Services	Tim Schulten
	Ravin Pillay-Ramsamy
	Darayus Pardivala
Chemtech	Uwe Boltersdorf
	Emmanuel Rapendy
11:50	Break

12:20
Sulzer Excellence	Suzanne Thoma
	Florian Häuser
	Louise Graffner
	Alina Halank
Financials	Thomas Zickler
Closing remarks	Suzanne Thoma

13:20
Q&A	Participants &
	Leadership team

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Today's presenters

Group

Flow

Services

Chemtech

Suzanne Thoma	Thomas Zickler	Louise Graffner	Alina Halank
Executive	CFO	CIO	Head Corporate
Chairwoman			Services
Jan Lüder	Gilbert Faul	Florian Häuser
Division President	Head Water &	Head Strategy &
	Industrial	Bus. Development
Tim Schulten	Ravin Pillay	Darayus Pardivala
Division President	Head Pump	Head Turbo
	Services	Services
Uwe Boltersdorf	Emmanuel Rapendy
Division President	Head Polymer &
	Crystallization
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Sulzer at a glance

Revenue profile

		Energy security and	Natural resources	35%
		transition 40%		20%	45%	20%
Aftermarket	Type		End-	Process
Products and	market	industries
50%		packages 50%		40%

Revenue CHF	EBITDA	Employees	Locations	Flow	Services	Chemtech
3.3B	13%	13'000	160	40%	35%	25%

Balanced market exposure and 50% aftermarket share

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Sulzer enjoys consistently strong ESG ratings

Agency	Rating	Historical trend
MSCI	AA (2023)
FTSE Russel	2.8 (2023)

Morningstar 4 globes (2024) Sustainalytics 18.7 ESG risk rating

(2024)

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Key messages of today

• Sulzer is an attractive long-term investment
• Sulzer serves essential and structurally growing markets
• Sulzer makes customers' crucial processes and infrastructure better
• Sulzer builds on engineering excellence, strong technology and application expertise and customer proximity
• Strategy "Sulzer 2028" creates significant value: Organic growth above market, excellence along the value chain and an improved portfolio mix
• Sulzer's strategy is fully financed. Initiatives are clearly defined and deliver first results

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Markets and strategy

Suzanne Thoma | Executive Chairwoman

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