Allane SE

Investor Presentation • Aug 25, 2021

Allane SE Q2 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 forwardlooking 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.

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A	KPIs AND HIGHLIGHTS Q2 2021	03
B	FINANCIALS H1 2021	06
C	OUTLOOK	11
D	APPENDIX	14

Allane Mobility Group's contract portfolio as of Q2 2021 with 127,200 contracts 2.1% below end of 2020 especially due to Covid-19 effects

1) Excluding 1&1/Peugeot campaign in 2017

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

Business development H1 2021 in line with expectations – Contract portfolio, operating revenue and EBT below previous year

	Q2 2021	Q4 2020	Change vs. Q4 2020
Group contract portfolio1)	127,200	129,900	-2.1%
§ Online Retail	37,000	38,600	-4.3%
§ Fleet Management	55,100	53,500	3.1%
§ Fleet Leasing	35,100	37,800	-7.1%
Financials	H1 2021	H1 2020	Change vs. H1 2020
Operating revenue	EUR 194.2 m	EUR 214.1 m	-9.3%
EBITDA	EUR 95.7 m	EUR 106.7 m	-10.3%
EBT	EUR 2.6 m	EUR 2.9 m	-8.3%
Operating return on revenue	1.4%	1.3%	-0.1pp
Equity ratio	17.1%	16.4%	0.7pp

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

Agenda
A	KPIs AND HIGHLIGHTS Q2 2021	03
B	FINANCIALS H1 2021	06
C	OUTLOOK	11
D	APPENDIX	14
		6

EBT H1 2021 slightly below H1 2020 besides effects from Covid-19 mainly due to transaction-related costs

Allane Mobility Group – Key performance indicators 2017 – Q2/H1 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) The ratio of earnings before taxes (EBT) to operating revenue

5) Earnings before interest, taxes, depreciation and amortisation

EBT decrease on Group level in H1 2021 compared to H1 2020 mainly due to lower EBT in Fleet Management business unit

Allane Mobility Group – Development of EBT and business units H1 2017 – H1 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 amortisation

Lease assets of approx. EUR 1.1 bn as of Q2 2021 – Equity ratio up 0.7 ppts due to higher equity and lower total assets

Allane Mobility Group – Development of key balance sheet figures 2016 – Q2 2021

9

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

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 30 June 2021 [EUR m]

LIABILITIES1) FINANCIAL	2021	2022	2023	2024	2025+	Total
Asset backed securities (ABS) programme	91.9	160.1	131.3	74.6	17.2	475.1
SCB loans	30.0	50.0	20.0	30.0	-	130.0
Bank loans	-	-	-	-	-	0.0
Bonds2)	-	250.0	-	-	-	250.0
Finance leases and others	4.6	2.3	2.1	1.8	11.6	22.4
Total	126.5	362.4	153.4	106.4	28.8	877.5
Bank balances						6.2
Net debt						871.3

KEY FINANCING INSTRUMENTS

§ EUR 500 m ABS programme

§ ~ EUR 190 m bilateral credit lines from 3rd party banks

10

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

Agenda
A	KPIs AND HIGHLIGHTS Q2 2021	03
B	FINANCIALS H1 2021	06
C	OUTLOOK	11
D	APPENDIX	14
		11

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

	2021	2020
Contract portfolio
Group	Slight increase	129,900 contracts
Financials
Operating revenue	In the range of previous year's figure	EUR 423.3 m
EBT	Higher single-digit million euro amount	EUR 9.1 m

• § Allane assumes that the market and business environment will continue to be strongly negatively impacted by the Covid-19 pandemic, but expects business development to recover in the second half of 2021
• § In addition, consolidated earnings will also be burdened in the 2021 financial year by transaction-related costs in connection with the takeover of the company by HCBE

Dr.-Carl-von-Linde-Str. 2 Stefan Vogel 82049 Pullach T: +49 89 74444 4518 Germany F: +49 89 74444 85169

ADDRESS INVESTOR RELATIONS

Allane SE Allane SE Email: ir@sixt-leasing.com

Agenda
A	KPIs AND HIGHLIGHTS Q2 2021	03
B	FINANCIALS H1 2021	06
C	OUTLOOK	11
D	APPENDIX	14
		14

Allane Mobility Group: Revenue and earnings performance H1 20211)

in EUR million	H1 2021	H1 2020	Change in %
Operating revenue	194.2	214.1	-9.3
Sales revenue	173.1	156.2	10.8
Consolidated revenue	367.3	370.3	-0.8
thereof Leasing business unit	313.7	318.4	-1.5
thereof Fleet Management business unit	53.6	51.8	3.4
Fleet expenses and cost of lease assets	234.6	233.1	0.6
Personnel expenses	24.7	21.1	17.3
Net other operating income/expense	-12.2	-9.4	-30.5
EBITDA	95.7	106.7	-10.3
Depreciation and amortisation	89.6	98.3	-8.9
Net finance costs	-3.5	-5.5	36.6
EBT	2.6	2.9	-8.3
Operating return on revenue2)	1.4%	1.3%	0.1 points
Income tax	0.8	1.1	-32.2
Consolidated profit	1.9	1.7	7.0
Earnings per share (in EUR)	0.09	0.08	-

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

Allane Mobility Group: Further KPIs 30 June 2021 and H1 20211)

	30 Jun 2021	31 Dec 2020	Change in %
Group contract portfolio	127,200	129,900	-2.1
thereof Online Retail	37,000	38,600	-4.3
thereof Fleet Leasing	35,100	37,800	-7.1
thereof Fleet Management	55,100	53,500	3.1
in EUR million
Total equity and liabilities	1,256.9	1,295.6	-3.0
Lease assets	1,050.2	1,092.5	-3.9
Bank balances	6.2	2.4	162.4
Financial liabilities	878.1	935.9	-6.2
Equity	214.7	212.9	0.9
Equity ratio (%)	17.1	16.4	+0.7 points
	H1 2021	H1 2020
Gross cash flow	77.7	97.3	-20.1
Investments in lease assets	177.3	207.5	-14.5

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