AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Sixt SE

Investor Presentation Aug 10, 2022

397_ip_2022-08-10_23cd4cda-624b-4e66-9a55-b08b71cfd0f7.pdf

Investor Presentation

Open in Viewer

Opens in native device viewer

SIXT Q2 2022 Investor Presentation

PULLACH 10 AUGUST 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

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

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

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

NUMBER OF EMPLOYEES STILL BELOW, BUT RENTAL DAYS EVEN ABOVE PRE-COVID-19 LEVEL

Number of employees Rental days

STRATEGY & BUSINESS UPDATE

THE WORLD IS OUT OF JOINT...

  • Severe implications of several shocks
  • ॰ Inflation gaining momentum, thereby 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 shift towards more aggressive tightening mode
  • ॰ … 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

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

-118

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

SIXT'S DIVERSIFIED BUSINESS MODEL

Data as of 30 June 2022; 10 1 Share of revenue by branch type; 2Engine mix of corporate fleet; 3As of end of 2021 based on average number of vehicles

FLEET SIZE UP QOQ AND YOY THANKS TO FLEXIBLE FLEET MANAGEMENT

AVERAGE FLEET SIZE IN SIXT CORPORATE COUNTRIES PER QUARTER

[thousands]

Q2 2022 RESULTS IN DETAIL

Q2 2022 REVENUE GROWTH – STRONG IMPROVEMENT ACROSS ALL SEGMENTS

GERMANY EUROPE NORTH AMERICA

PROFIT RECOVERY OUTPACES REVENUE RECOVERY SUPPORTED BY GOOD COST CONTROL

CORPORATE EBITDA MOBILITY1 [EUR m]

GROUP REVENUE [EUR m]

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

SEGMENT GERMANY SEGMENT EUROPE SEGMENT NORTH AMERICA

CORPORATE EBITDA [EUR m]

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

OUTLOOK

BESIDES CURRENT CHALLENGES THERE ARE NUMEROUS STRUCTURAL OPPORTUNITIES

17

REVENUE SIGNIFICANTLY ABOVE 2021 LEVEL EBT EXPECTED TOWARDS THE UPPER END OF THE LAST ANNOUNCED RANGE (EUR 380 M - 480 M)

SIXT SE Investor Relations Zugspitzstrasse 1 82049 Pullach

+49 (0)89 74444 – 5104 [email protected]

Prof. Dr. Kai Andrejewski CHIEF FINANCIAL OFFICER

Nicole Schillinger HEAD OF INVESTOR RELATIONS

Sophia Patzak SENIOR PROFESSIONAL INVESTOR RELATIONS

Talk to a Data Expert

Have a question? We'll get back to you promptly.