Sixt SE

Investor Presentation • Sep 20, 2022

SIXT Investor Presentation

Baader / Berenberg / Bernstein Conference 19 / 20 / 29 September 2022

DISCLAIMER

This presentation (together with the presenters' speeches and any other related verbal or written communications the "Presentation") contains forward-looking statements relating to the business, financial performance and results of Sixt SE (together with its subsidiaries, the "Company") and/or the industry in which the Company operates. Forward-looking statements 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 in the Company's target markets and changes in competition levels. The Company does not guarantee that the assumptions underlying forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of opinions or any obligation to update the statements in the Presentation to reflect subsequent events. Forward-looking statements are made only as of the date of the Presentation. Neither the delivery of the 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 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 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.

Certain industry and market information in the Presentation and/or related materials has been obtained by the Company from third party sources. The Company has not independently verified such information and neither the Company nor any of its directors provides any assurance as to the accuracy, fairness or completeness of such information or opinions contained in this document and neither the Company nor any of its directors takes any responsibility for such information. 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 the 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 it is possible that figures may not add up exactly and that half or full year figures do not correspond to added quarterly figures. For the same reason, percentages may not exactly match absolute numbers they correspond to.

The Presentation does not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of the Company nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company, nor shall it or any part of it form the basis of or be relied on in connection with any other investment whatsoever.

Q2 2022 HIGHLIGHTS

Q2 2022 HIGHLIGHTS

Q2 PERFORMANCE VS. PRE-PANDEMIC LEVELS

Q2 EBT +77% VS. 2019 THANKS TO INTERNATIO-NALISATION, DIGITALISATION, AND COST CONTROL

STRATEGY & BUSINESS UPDATE

THE SIXT STRATEGY

ONE PREMIUM PRODUCT PLATFORM

• Car Subscription Business
• Launched in 2020, now available in all
• Corporate Countries
• Flexible all-incl. offering
• Stable monthly cashflows for Sixt

• Short- and Long-Term Car Rental

• 240,000 vehicles

• 2,100 branches

• Completely digital rental process via the SIXT App
• Light Commercial Vehicle Rental
• Division launched in 2021

• 900 branches

• electrification >70% battery electric vehicles

• Free-floating carsharing • High share of

• >2.5 million trips in 2021

• Ride Hailing and Event Service Business
• Currently available in more than 400 cities in 50 countries worldwide

• 2,500 partners • >5 million drivers

• Last Mile Micro Mobility: Scooter & Bikes

• 300k scooter journeys

FROM LONG-TERM MOBILITY

YEARS MINUTES

Asset Ownership Asset heavy KEY COMPETITORS Finn, VW Auto Abo, CARE by Volvo

Asset Ownership Asset heavy KEY COMPETITORS Enterprise, Avis, Europcar, Hertz

Asset Ownership Asset heavy KEY COMPETITORS Northgate, Europcar Asset Ownership Asset heavy KEY COMPETITORS Miles, ShareNow

Asset Ownership Asset light KEY COMPETITORS Uber, Lyft

Asset Ownership Asset light

MOBILITY

SHORT-TERM

KEY COMPETITORS Bird, Lime

TO

OUR VISION

Transform the way the world moves, because people expect better.

We make mobility as easy and flexible as possible.

Our customers can expect: Better cars. Better service. Better tech. Better people.

UNLIMITED OPPORTUNITY IN A USD 6.7 TN MARKET

SIXT TAKES THE LEAD IN NEW MOBILITY TRENDS

MOBILITY AS A SERVICE

Encourages move towards new mobility solutions

Offers lower cost of usage versus total cost of ownership

Micromobility to show strong post-pandemic growth

AUTONOMOUS VEHICLES

Long term up to 50% lower cost per mile compared to driverbased rides

Shift from OEMs to tech players

Adoption depends on regulation, technology readiness and customer preferences

SHARED MOBILITY

Innovative mobility improves social inclusivity and economic growth

Up to 20% share of total mobility market by 2040

Requirement of more sustainable and resilient urban mobility systems

DRIVERS OF CHANGE IN MOBILITY

Capital market, investors

Location independence

Massive pressure from

Cleaner ecological footprint

REGULATION AND MARKET ACCELERATE CHANGE

CHANGE IN MOBILITY ADDRESSED ALONG FOUR STRATEGIC PILLARS

SIXT HAS BEEN THE FASTEST GROWING BRAND AMONGST TOP RENTAL CAR PLAYERS 2017-2022

264% 117%	SIXT BRAND VALUE EUR 1.16 bn
	59%
		40%
			30%	22%	20%	2%

SNAPSHOT EUROPE: SUBSTANTIAL MARKET SHARE GAIN OF >6PP IN 2021 VS. 2019

MARKET SHARES 2005 to 2021

MARKET SHARE GROWTH IN EUROPE 2021 vs. 2019³

¹Figures 2005-2014 according to Jefferies (Research Report as of 1 April 2020) and figures 2015-2019 according to J.P. Morgan; ²Sixt European Corporate Countries including Germany, excluding Lux and Monaco; ³Market shares according to Euromonitor and own estimates

SNAPSHOT USA: SIGNIFICANT GROWTH IN THE WORLD'S LARGEST CAR RENTAL MARKET

AIRPORTS

COUNTRIES

LIMITED AND WELL-MANAGED RESIDUAL VALUE RISK

HIGH EQUITY RATIO AND LOW NET FINANCIAL DEBT

EQUITY RATIO [%] NET FINANCIAL DEBT [EUR bn]

⁹ WELL-BALANCED FINANCING MIX

1

MIX OF FINANCING INSTRUMENTS AS AT 30 JUNE 2022¹ [%]

• o Senior unsecured³ financing instruments
• o Vehicles unpledged
• o Main issuing entity: Sixt SE → Hence no structural subordination

¹Financial liabilities as at 30 June 2022; Repayment amounts excluding accrued and in future payable interest; Lease liabilities resulting from leases recognised in accordance with IFRS 16 are not included; ²Share of OEM financing (leasing) based on amount/values of vehicles is not disclosed; ³EUR 64 million long-term real estate financing are secured by mortgages

MATURITY PROFILE OF FINANCING SOURCES

MATURITY PROFILE AS AT 30 JUNE 2022¹

[EUR m]

Dec

Sep Oct Nov

Q2 2022 RESULTS IN DETAIL

Q2 2022 REVENUE GROWTH – STRONG IMPROVEMENT ACROSS ALL SEGMENTS

GERMANY EUROPE NORTH AMERICA

EXPENSE RATIO STILL BELOW PRE-PANDEMIC LEVEL DESPITE RETURN TO GROWTH PATH

PRE-COVID-19 LEVEL

TOTAL EXPENSES RELATIVE TO REVENUE STILL BELOW PRE-COVID-19 LEVEL IN Q2 2022

NUMBER OF EMPLOYEES STILL BELOW, BUT RENTAL DAYS EVEN ABOVE

Number of employees Rental days

Fleet expenses / Revenue Personnel expenses / Revenue Rest of expenses¹ / Revenue

152%

PROFIT RECOVERY OUTPACES REVENUE RECOVERY SUPPORTED BY GOOD COST CONTROL

GROUP REVENUE [EUR m]

H1 2022 SEGMENT UPDATE: REVENUE AND PROFITABILITY ABROAD STRONGLY ABOVE PRE-COVID LEVELS

SEGMENT GERMANY SEGMENT EUROPE SEGMENT NORTH AMERICA

¹Share of Group operating revenue generated in the respective regional segments (Germany, Europe excl. Germany, and North America)

FLEET SIZE UP QOQ AND YOY THANKS TO FLEXIBLE FLEET MANAGEMENT

AVERAGE FLEET SIZE IN SIXT CORPORATE COUNTRIES PER QUARTER

[thousands]

OUTLOOK

THE WORLD IS OUT OF JOINT...

• Severe implications of several shocks
• ॰ Inflation smashing world growth outlook
• ॰ War in Ukraine
• ॰ COVID-19

Global growth set to slow

• ॰ Deep cuts to global growth forecasts
• ॰ Euro Crisis 3.0?
• ॰ US and Europe on the verge of recession
• ॰ Corporate travel budgets at risk

Energy markets

• ॰ European dependence on Russia
• ॰ Unprecedented rise in energy costs
• ॰ Mismatch of projected vehicle electrification and power supply

Persistently high inflation rates

• ॰ … trigger more aggressive tightening
• ॰ … weigh on consumer sentiment and may limit revenge travel as of Q4

Ongoing supply side uncertainties

• ॰ New COVID-19 variants might arise
• ॰ Global shipping capacities and handling velocity
• ॰ Vehicle sourcing

… HOWEVER, SIXT IS WELL PREPARED FOR THE CHALLENGES THAT LIE AHEAD

-118

Q2/19 Q2/20 Q2/21 Q2/22

2019/01 2019/07 2020/05 2021/03 2021/09 2022/05

SIXT'S DIVERSIFIED BUSINESS MODEL

BESIDES CURRENT CHALLENGES THERE ARE NUMEROUS STRUCTURAL OPPORTUNITIES

SIXT NORTH AMERICA NETWORK IS CONSTANTLY GROWING

DIGITAL CAR RENTAL

SIXT TECH LOCATIONS

INCREASE OF TECH FORCE BY 10% ACROSS ALL LOCATIONS IN 2022 [FTE]

KEY PROJECTS

Optimising the booking experience (Web & APP)

ONE payment flow

Price automation & optimisation

Digitised branch operation & fleet management

SIXT+

RIDE

* The current situation in Ukraine has demanded some adjustments which we were able to overcome. We have been in constant contact with our Ukrainian colleagues to ensure they and their families are safe. Help has been provided wherever needed.

RELIABLE DIVIDEND OVER THE YEARS

REVENUE BETWEEN EUR 2.8 BN AND EUR 3.1 BN EBT BETWEEN EUR 500 M AND EUR 550 M

August and emerging development for September significantly above previous expectations:

• o Higher than expected strong demand in Europe & US
• o Market price level above the historically high levels of 2021

2022 OUTLOOK

o USD / EUR development

Updated Forecast based on:

• o Current market environment
• o Assumption of significant Q4 uncertainties due to impending macro woes in Europe & US

SIXT SE Investor Relations Zugspitzstrasse 1 82049 Pullach

+49 (0)89 74444 – 5104 investorrelations@sixt.com

Prof. Dr. Kai Andrejewski C H I E F F I N A N C I A L O F F I C E R

Nicole Schillinger H E A D O F I N V E S T O R R E L A T I O N S

Sophia Patzak S E N I O R P R O F E S S I O N A L I N V E S T O R R E L A T I O N S