Allane SE

Investor Presentation • Apr 29, 2022

Allane SE FY 2021 Update

Disclaimer

This presentation contains certain forward-looking statements relating to the business, financial performance and results of the Allane SE (together with its subsidiaries, the "Company") and/or the industry in which the Company operates. Forward-looking statements, regardless if made orally or in writing, concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes," "expects," "predicts," "intends," "projects," "plans," "estimates," "aims," "foresees," "anticipates," "targets," and similar expressions. Forward-looking statements, including assumptions, opinions and views of the Company or cited from third party sources, are solely opinions and forecasts which are uncertain and subject to risks. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in general economic conditions, in particular economic conditions in the Company's target markets, changes affecting interest rate levels, changes in competition levels, changes in laws and regulations, environmental damages, the potential impact of legal proceedings and actions and the Group's ability to achieve operational synergies from past or future acquisitions. The Company does not guarantee that the assumptions underlying forward-looking statements, regardless if made orally or in writing, are free from errors nor does it accept any responsibility for the future accuracy of opinions or any obligation to update the statements in this presentation to reflect subsequent events. Forward-looking statements are made only as of the date hereof. Neither the delivery of this presentation nor any further discussions of the Company with any of the recipients thereof shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. Consequently, the Company does not undertake any obligation to review, update or confirm investors' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of the presentation.

Furthermore, a totally different performance can ensue from an unexpected slump in demand or economic stagnation in our key market Germany and/or in other Western European markets. The actual development can differ materially from the forecasts made in this presentation, in case one of the aforementioned risks or other risks not mentioned here should materialize and/or the assumption on which we have based our forecasts and prospects turn out to be wrong.

This presentation contains summary information only and does not purport to be comprehensive and is not intended to be (and should not be used as) the basis of any analysis or other evaluation. In addition, the information in this presentation is subject to change. No representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein.

Due to rounding, individual figures in this presentation may not always add up to the total figure.

The presentation is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person.

By accepting this presentation, you acknowledge the foregoing.

A.	KPIs and Highlights FY 2021
B.	Financials FY 2021
C.	Outlook
D.	Appendix

Allane Mobility Group's contract portfolio as end of 2021 with 128,800 contracts 0.8% below end of 2020 especially due to COVID-19 effects

Business development FY 2021 in line with expectations – Contract portfolio, operating revenue and EBT below previous year

	2021	2020	Change vs. FY 2020
Group contract portfolio1)	128,800	129,900	-0.8%
§ Online Retail	36,400	38,600	-5.7%
§ Fleet Management	59,000	53,500	10.3%
§ Fleet Leasing	33,300	37,800	-11.9%
§ Captive Leasing	100	-	-
Financials	2021	2020	Change vs. FY 2020
Operating revenue	EUR 386.0 m	EUR 423.3 m	-8.8%
EBITDA	EUR 184.0 m	EUR 211.4 m	-13.0%
EBT	EUR 6.1 m	EUR 9.1 m	-32.7%
Operating return on revenue	1.6%	2.2%	-0.6pp

1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded

			5

A.	KPIs and Highlights FY 2021
B.	Financials FY 2021
C.	Outlook
D.	Appendix

EBT 2021 EUR 3.0 m below previous year, mainly due to lower new business volume, transaction-related costs and extraordinary legal expenses

Allane Mobility Group – Key performance indicators 2017 to 20211)

1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded

2) Including leasing contracts, fleet management contracts, service contracts and order book (contracts for which the leased vehicle has not yet been delivered to the customer)

3) The sum of leasing revenue (i.e. the finance rate, being the financing portion, consisting of interest and depreciation, of the agreed lease instalment) and other revenue from leasing business of the Leasing business

unit as well as fleet management revenue from the Fleet Management business unit

4) Ratio of earnings before taxes (EBT) to operating revenue

5) Earnings before interest, taxes, depreciation and amortisation

allane mobility group SixTleasing
--------------------------------------

Group-EBT decreases to EUR 6.1 m – Leasing business unit EUR 0.5 m below previous year, Fleet Management mainly burdened by ZAG project and IT

GROUP [EUR m] LEASING [EUR m] FLEET MANAGEMENT [EUR m] 2017 2018 2019 25.6 2020 2021 26.1 25.5 6.2 5.7 -31% 2020 29.3 2017 29.7 2019 6.1 2018 30.5 2021 9.1 -33% 2017 2018 2019 2020 4.1 2.9 2021 4.4 3.8 0.5 -42% Operating return on revenue [%]2) Operating return on revenue [%] Operating return on revenue [%] 6.0 8.6 EBITDA3) EBITDA 171.3 EBITDA 4.3 6.5 234.3 CAGR CAGR CAGR 6.4 6.3 240.8 232.7 6.3 230.0 6.1 6.1 1.7 236.4 228.7 208.3 1.7 183.4 8.0 7.2 5.8 4.5 4.0 3.1 0.9 0.7 2.2 211.4 1.6 184.0

Allane Mobility Group – Development of EBT and business units 2017 –20211)

1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded

2) Ratio of EBT to operating revenue

3) EBITDA = Earnings before interest, taxes, depreciation and amortization

	8
--	---

Lease assets of approx. EUR 1.0 bn – Equity ratio up 2.0 ppts compared to 2020 (ACT), mainly due to a lower level of lease assets

Allane Mobility Group – Development of key balance sheet figures 2017 to 2021

1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded

2) Including liabilities to related parties until 2017

3) Bank balances / cash

			9

Well balanced financing profile – Increased focus on intercompany funding from Santander Consumer Bank AG (SCB) and ABS

Allane mobility Group – Maturities of financial liabilities as of 31 December 2021 [EUR m]

LIABILITIES1) FINANCIAL	2022	2023	2024	2025	2026+	Total
Asset backed securities (ABS) programme	165.2	137.5	83.9	25.5	2.0	414.1
SCB loans	50.0	20.0	30.0	-	-	100.0
Bank loans	20.7	-	-	-	-	20.7
Bonds2)	250.0	-	-	-	-	250.0
Finance leases and others	2.4	2.1	1.9	1.3	10.4	18.1
Total	488.3	159.6	115.8	26.8	12.4	802.9
Bank balances						1.7
Net debt						801.2

KEY FINANCING INSTRUMENTS

• § ~ EUR 165 m bilateral credit lines from 3rd party banks
• § Bond has been fully repaid in 02/22

1) Nominal repayment amounts; excluding future accrued interest; due to rounding it is possible that individual figures may not exactly add up to the total amount 2) Bond 2018/22 is first bond under the debt issuance programme

A.	KPIs and Highlights FY 2021
B.	Financials FY 2021
C.	Outlook

Cautious forecast for 2021 confirmed, esp. taking into account the operating business development to date and the COVID-19 situation

	2022	2021
Contract portfolio
Group	In a range between 130,000 and 150,000 contracts	128,800 contracts
Financials
Operating revenue	In a range between EUR 386.0 m EUR 350 m and EUR 400 m
EBT	Higher single-digit million euro amount	EUR 6.1 m

• § Allane assumes that, in addition to the operating business development in the current financial year to date, the market and business environment for new contracts and usage-based revenues will continue to be negatively impacted by the ongoing COVID-19 situation, the new car supply restrictions due to the semiconductor's shortage, and the potential impact of the Ukraine war.
• § However, for the second half of 2022, the company expects a recovery in the business development of new contracts and usagebased sales due to a normalization of the Corona pandemic and an improved supply of new cars after the summer, while the impact of the Ukraine situation on European economies remains uncertain.
• § In addition, consolidated earnings are still burdened in the 2022 financial year by transaction-related costs in connection with the takeover of the Company by HCBE

Contact details

Allane SE Allane SE

Dr.-Carl-von-Linde-Str. 2 Hanna Fleig 82049 Pullach T: +49 89 7080 81230 Germany Email: ir@allane.com

ADDRESS INVESTOR RELATIONS

A.	KPIs and Highlights FY 2021
B.	Financials FY 2021
C.	Outlook
D.	Appendix

Allane Mobility Group: Revenue and earnings performance FY 20211)

in EUR million	2021	2020	Change in %
Operating revenue	386.0	423.3	-8.8%
Sales revenue	354.4	324.4	9.2%
Consolidated revenue	740.5	747.7	-1.0%
thereof Leasing business unit	625.1	642.1	-2.7%
thereof Fleet Management business unit	115.3	105.6	9.2%
Fleet expenses and cost of lease assets	473.1	473.8	-0.1%
Personnel expenses	50.1	42.9	16.6%
Net other operating income/expense3)	-33.3	-19.6	69.7%
EBITDA	184.0	211.4	-13.0%
Depreciation and amortisation	171.0	191.2	-10.6%
Net finance costs	-6.9	-11.1	-38.1%
EBT	6.1	9.1	-32.8%
Operating return on revenue2)	1.6%	2.2%	-0.6 points
Income tax	0.3	6.9	-95.8%
Consolidated profit	5.8	2.2	168.7%
Earnings per share (in EUR)	0.28	0.11	-
1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded 2) Ratio of EBT to operating revenue

3) Thereof in 2021 -3.2 EUR million net losses arising from the derecognition of financial assets (2020: -6.1 EUR million) and -0.8 EUR million net impairment losses/gain from financial assets (2020: 2,1 EUR million)

						15
--	--	--	--	--	--	----

Allane Mobility Group: Further KPIs 31 December 2021 and FY 20211)

		31 Dec 2021	31 Dec 2020		Change in %
Group contract portfolio		128,800		129,900	-0.8
thereof Online Retail		36,400		38,600	-5.7
thereof Captive Leasing		100		0	-
thereof Fleet Leasing		33,300		37,800	-11.9
thereof Fleet Management		59,000		53,500	10.3
in EUR million
Total equity and liabilities		1,194.8		1,295.6	-7.8
Lease assets		995.4		1,092.5	-8.9
Bank balances		1.7		2.4	-30.3
Financial liabilities		804.8		935.9	-14.0
Equity		220.2		212.9	3.4
Equity ratio (%)		18.4		16.4	+2.0 points
		2021		2020
Gross cash flow		138.7		198.5	-30.2
Investments in lease assets 1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded		315.8		430.3	-26.6
					16