Gestamp Automocion S.A.

Investor Presentation • Nov 5, 2024

9M 2024 Results presentation November 5 th, 2024

DISCLAIMER

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This presentation may contain crisin forwards and judgements that reflect the managements intentions, these foward-boking stotements included to, all statements other than statements of historical facts, including, without, linitiation, thase regarding the Company's future financial positions strategy, plans, objectives, goals and targets and future developments in the markets where the Campary porticipates or is seeking to participate. The contexe is projected results is dependent on many fractors which are outside managements onnial. Actual results may differ materially from (and than) those projected on implied in the forward-looking internation involves risks and uncertainties that could significally and is bosed on certain key assumations. Due to such uncertainties and risks, readers re courioned not to place unduct forward-looking statements as a prediction of octual results. All forward-looking statements included herein are doced on information a williable to the Company as of the Compony undertakes no obligotion to update publicy or revise any forward-looking statement, whether as o realt of new information, future event or otherwise are as now be required by applicable law. All subsequent written and online strements attrioutable to the Company or cersons and are exarestly qualified in their entirety of these coutionary statements. Growth at one roties is a numerical translation of our figures for ever, and not o decription of the stuation if the currences had not moved. Oper split in cotegories is a management, and should not be considered as a subsitiate for odditions of tangible assets, nor depreciation.

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INDEX PRESENTATION

KEY HIGHLIGHTS

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FINANCIAL OVERVIEW

OUTLOOK AND REMARKS

Key highlights of 9M 2024

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• © Gestamp 2020

AUTO PRODUCTION EVOLUTION

Gestamp

Almost flat performance in 9M 2024 mostly affected by lower volumes in Western Europe

1. Production while in Cataling to São Gobel Mobility of a a of Cober 2024 Includes corrents upplied by SP Grobal Morilliy Copyright @ J Production Boalgal Bolde, LC (reduc All rights reserved

Improving auto business revenue performance in the quarter

A SUSTAINABLE MARKET OUTPERFORMANCE

9M 2024 Gestamp Auto Business Revenue Growth at FX Constant®vs. Market Production Growth in Gestamp Footprint

Outperformance of +6.7 p.p. on a weighted basis at FX constant in 9M 2024

• 1. Gest m Society of Health gless op at File camerally with production while in club comment castam photopin to of Chater 2007 in use contents pplier y SP Cobe Mobility Copyright © [HS_LV_Production_Bodystyle_Clobal_2024M10].All rights reserved. Western Europe data includes Morocco in line with our reporting
• 1. Market and Gestamp weighted growth measured with 9M 2023 geographical weights as a base

REACTING TO A LOWER EBITDA GENERATION IN 9M

Auto Business Reported 9M EBITDA Evolution

(In €m)

Lower revenues driving EBITDA fall in 9M 2024

Most impacted region is Western Europe, which has been strongly impacted by volume pressure in the period

In this region, we do not expect major improvements short term

In this context, Gestamp is implementing:

• ✓ Strict cost control
• ✔ Strategic initiatives to improve efficiency
• √ Improving plants' flexibility
• ✔ Constructive customers discussions

Focus on phoenix plan as key company priority

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GESCRAP: MAINTAINING THE IMPROVEMENT IN PROFITABILITY

Source: Bloomberg as of October 2024

1. Figures taken from an average between Turkey Steel Scrap (HMS 1/2 80:20) Spot CFR Index and Germany Steel Demoltion Scrap (E3) Spot Ex-Works Index

2. 1. North America Steel #1 Busheling Scrap Spot Index
3. 1. China Heavy Steel Scrap Over 8mm Shanghai Price Index
4. 1. Tons of scrap managed by Gescrap: 1,661k Tons as of 9M 2023 and 1,589k Tons as of 9M 2024

INDEX PRESENTATION

KEY HIGHLIGHTS

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FINANCIAL OVERVIEW

OUTLOOK AND REMARKS

FINANCIAL PERFORMANCE IN 9M 2024

Reported revenues have decreased by -1.6% YoY in 9M 2024 Reported EBITDA has decreased by -7.4% YoY

Note: All figures including IFRS 16

1. FCF defined as change in net debt excluding acquisitions as well as dividends

2. Phoenix Plan: e€17m P&L costs and c.€4m of CAPEX in 9M 2024 related to restructuring of NAFTA business announced in FY 2023

Geographic diversification supporting 9M performance

		9M 2023	9M 2024	Var. (%)		9M 2023	9M 2024	Var. (%)	9M 2023	9M 2024
		3,456	3,157	-8.6%		398	341	-14.3%
		1,256	1,338	+6.5%		177	172	-3.0%
		1,803	1,864	+3.4%		136	117	-13.6%
		722	674	-6.7%		88	74	-16.7%
		1,352	1,459	+7.9%		176	212	+20.7%
		483	435	-9.8%		36	37	+2.2%
		9,072	8,927	-1.6%		1,011	936	-7.4%

FREE CASH FLOW EVOLUTION IN 9M 2024

Gestamp

FCF(1) generation of €-214m(2) in nine month

Negative FCF evolution in the 9M 2024 period affected by:

• EBITDA decrease
• Extraordinary negative currency fluctuation
• ➤ Negative working capital evolution affected by some extraordinary impacts

Cash flow expected to significantly improve over Q4

Note: All figures including IFRS 16

• 1. FCF defined as change in net debt excluding acquisitions as well as dividends
• 1. Phoenix Plan impact on P&L of c.€17m and CAPEX of c.€4m in 9M 2024

• Includes minorities aquisitions and equity contributions Repurchase in North America (623m) approved by competition authorities at the end of May 2024

AN EXTRAORDINARY WORKING CAPITAL OUTFLOW IN 03

PRIORITY IS TO PRESERVE OUR FINANCIAL STRENGTH

Gestamp C

Leverage and Net Debt Evolution

Note: 2017 & 2018 figures pre-IFRS 16 implementation

1. Excluding Phoenix Plan impact on P&L of c.€17m and CAPEX of c.€4m in 9M 2024

INDEX PRESENTATION

KEY HIGHLIGHTS

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FINANCIAL OVERVIEW

OUTLOOK AND REMARKS

Market conditions have deteriorated through the year

UPDATING GUIDANCE FOR 2024

Short term outlook remains unprecedently complicated given:

• 1. Lower production estimated for 2024
• 1. Uncertainty and volatility in Europe given a slowdown in EV penetration
• 1. Extraordinary negative currency fluctuation

In this context Gestamp is updating its 2024 guidance to

reflect: lower growth and consequently operating leverage and FCF generation

Note: All figures including IFRS 16

• 1. Based on current S&P Global Mobility estimated LV production as of February 2024 growth, at FX constant
• 1. FCF defined as change in net debt excluding acquisitions as well as dividends and excluding extraordinary costs
• 1. Leverage defined as Net Debt to LTM EBITDA excluding M&A and excluding extraordinary costs
• 1. Updated guidance based on S&P Global Mobility estimated LV production as of October 2024 growth, at PX constant and excluding extrarolinary costs

A Well-Defined STRATEGY TO PROTECT OUR KEY PILLARS

Closing remarks

TACKLING WITH a challengingSHORT TERM environment

PREPARED for an increasingly uncertain future

© Gestamp 2020

Phoenix Plan on track

clear ROADMAP FOR THE long run…

Gestamp

GESTAMP THE PARTNER SUPPLIER @ 9 m + ● ●

w w w . g e s t a m p . c o m 回法学回

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FINANCIAL PERFORMANCE IN 03 2024

Reported revenues have decreased by -0.4%(3) YoY in Q3 2024 Reported EBITDA has decreased by -5.5% YoY

Note: All figures including IFRS 16

• 1. FCF defined as change in net debt excluding acquisitions as well as dividends
• 1. Phoenix Plan: €4.8m P&L costs in Q3.2024 and c.€4m in CAPEX related to restructuring of NAFTA business announced in FY 2023
• 1. Revenues for the Auto Business (excluding Gescrap) at FX constant have grown by +7.1% Yo' in Q3 2024

Appendix – alternative performance measures

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