Sixt SE

Investor Presentation • Nov 11, 2021

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SIXT SE Q3 RESULTS INVESTOR PRESENTATION

11 NOVEMBER 2021

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. Forwardlooking 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.

QUARTERLY HIGHLIGHTS

Q 3 / 2 1

Q3/21 RESULTS: OUT OF THE TUNNEL, FULL SPEED TO NEW RECORD LEVELS

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EBT EUR 253.2m (+284% vs. Q3/20; +73% vs. Q3/19)

GROUP REVENUE EUR 799.0m (+73% vs. Q3/20; +2% vs. Q3/19)

CORPORATE EBITDA MOBILITY EUR 288.3m (+196% vs. Q3/20; +66% vs. Q3/19)

NET INCOME

EUR 197.4m (+483% vs. Q3/20¹ ; +80% vs. Q3/19¹ )

RENTAL ASSETS

EUR 3.2bn (+45% vs. Q4/20)

EQUITY RATIO

35.0% (+3.5pp vs. Q4/20)

Sources: Group Q3 Statement 2021 and Group Q3 Statement 2020, Annual Report 2020; 2019 figures adjusted; ¹Q3/20 and Q3/19: Net income from continuing operations

BUSINESS UPDATE

Q3/21 BEST OPERATING RESULT EVER IN A QUARTER – FY RESULT LIKELY TO SURPASS RECORD YEAR 2019

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• ➢ Continued Internationalisation and Digitisation Strategy during the crisis has paid off
• ➢ EBT nearly 75% above pre Corona levels
• ➢ Segment Europe with c. 50% contribution to operating revenue and Corporate EBITDA each
• ➢ Growth engine United States: Corporate EBITDA increased fivefold vs. pre Corona levels
• ➢ Favourable booking trend so far in Q4 Confirmation of FY revenue and profit guidance*

*FY 2021 Forecast: Consolidated operating revenue of EUR 2.10 – 2.30bn and Group EBT of EUR 390m – EUR 450m

STRONG RECOVERY IN DEMAND GIVEN URGE OF PEOPLE TO TRAVEL – OPPORTUNITIES OUTWEIGHING CHALLENGES

SIXT'S BUSINESS MODEL: SCALABLE, VARIABLE, FINANCIALLY SOLID, DIVERSIFIED

Q3/21 RESULTS IN DETAIL

Q3/21 & 9M/21 UPDATE: ELEVATED MARGINS REAPING THE BENEFITS OF STRONG DEMAND AND STILL UNDER-PROPORTIONAL COST BASE

Q3/21 SEGMENT UPDATE: EUROPE JOINED THE US IN DRIVING THE OUTPERFORMANCE

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

WACHSTUMSWILLE: BACK TO GROWTH PATH AFTER LEAVING CRISIS BEHIND

STRATEGIC INVESTMENTS

• Branch network growth, esp. in the USA and Italy
• Growth of Van & Truck business
• Scaling of Subscription offering
• High IT investments to create a frictionless premium digital rental experience
• Premium appearance of branches
• Expansion of electric charging network
• Further workforce expansion

EXPENSES REBOUNDING WITH

40 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21

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FLEET AND PERSONNEL EXPENSES AS % OF REVENUE

FLEET LEVEL DURING COVID-19 PANDEMIC 2019-2021 [indexed]

SUCCESSFUL FLEET ADJUSTMENT DESPITE CHALLENGES DUE TO SHORTAGE OF NEW VEHICLES

OUTLOOK 2021: REAPING THE BENEFITS OF OUR STRATEGIC INVESTMENTS - RECORD PROFIT AHEAD

CONSOLIDATED OPERATING REVENUE EUR 2.10 – 2.30bn GROUP EBT EUR 390 – 450m FY 2021 FORECAST¹

CAVEAT

• Volatile market environment, difficult to predict how demand will develop
• Uncertainty regarding extent and duration of supply bottlenecks and the resulting impact on vehicle availability as well as market price developments

BUSINESS STRATEGY: CONTINUED COMMITMENT TO GROWTH AREAS

DIGITAL RENTAL USA

Fully digital and contactless rental experience

• Seamless digital rental and check-out experience
• Continuous improvement of reservation flow in web and app
• AI based pricing and fleet management
• Lower costs through digitisation of branches & rental processes

Further airport and downtown expansion, entering corporate segment

Looking back – 2021:

• Organisational adjustments to enable scalability and prepare for future growth
• Significant rise in AP market share
• 26 of the top 30 AP

Looking ahead:

• Growth opportunities: AP, DT, and corporate segment
• Market share gains once travel bans are fully lifted
• Higher share of risk cars

VAN & TRUCK

Significant market potential in a highly fragmented USD > 10bn market

Sales significantly ahead prepandemic level:

SUBSCRIPTION

Expansion to additional customer groups

Innovative products that account for

INTEGRAL PARTS OF SIXT'S STRATEGIC VISION: ELECTRIC FLEET & INFRASTRUCTURE / AUTONOMOUS DRIVING

CHARGING INFRASTRUCTURE

• Sixt is planning to equip all relevant branches with an own charging infrastructure in line with its share of e-vehicles in its fleet
• Investment of EUR 50m over the next years • Roll-out has started

ENHANCED ELECTRIFIED FLEET IN 2022

Electrified fleet (BEV & Hybrid)

AUTONOMOUS DRIVING @ SIXT

• Technology partner of Sixt:

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• Start: second half of 2022
• Operating area: Munich (incl. Airport)
• Vehicle type: Nio ES8
• AV-Level: Level 4
• Fleet Size: Starting with ca. 25 and up to 100 vehicles within the first 3 years
• Bookable via the Sixt App

Alexander Sixt: "This strategic collaboration is the next step in expanding our integrated mobility platform ONE and underlines our company's evolution towards becoming the industry's leading provider of innovative and digital premium mobility"

82049 Pullach

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

Prof. Dr. Kai Andrejewski Chief Financial Officer

Nicole Schillinger Head of Investor Relations

Sophia Patzak Senior Professional Investor Relations