Sixt SE

Investor Presentation • Jun 16, 2021

ONE STRATEGY

1

ALL FOR AND FOR ALL

SIXT SE INVESTOR PRESENTATION JUNE 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.

We don't want to be the largest mobility player on the planet, but the most profitable one, thereby creating above average returns for our stakeholders .

ERICH SIXT

EXPERIENCE & CONTINUITY THROUGH FAMILY OWNERSHIP

SIXT MANAGEMENT TEAM years with SIXT

VOTING RIGHT DISTRIBUTION %

COMBINING LONG TERM OPERATIONAL EXPERIENCE WITH INNOVATIVE DIGITAL KNOW-HOW

OPERATIONS

TECH

Est anislao de Mat a E V P S I X T S p a i n

Dir k Hünt en V P R e g i o n S o u t h

r e n t a l c a r s . c o m

Michael Meissner P r e s i d e n t & C O O S I X T U S A

5

Source: Annual Report 2020

OUR VISION: EXCITE OUR CUSTOMERS WITH THE FREEDOM OF GLOBAL MOBILITY WITHOUT OWNING A CAR

DEVELOPMENT OF RELEVANT MOBILITY MARKETS

FACTS ABOUT DEVELOPMENT OF CAR OWNERSHIP LIKELY TO PUSH RENTAL AND SUBSCRIPTION BUSINESS

41% of global car owners reconsider ownership

>20% of consumers in countries like USA and Germany rate flexibility and >15% rate all-in rates very high"

>20% of consumers in countries like USA, Germany or China are interested or very interested in car subscriptions

>50% of US and German citizens are willing to pay a premium for the flexibility

6

UNLIMITED SCALABILITY IN A USD 6,700 BN MARKET

Source: Market Sizes: McKinsey & Company: Automotive revolution – perspective towards 2030, Statista.com; Facts: Deloitte: Automotive Study 2021, Arthur D. Little: The Future of Automotive Mobility (Feb 2021)

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

2014 2015 2016 2017 2018 2019

7

¹buyback agreements include operating leases Source: Annual Report 2020 and previous years

337 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

SHARE PRICE %¹ OP. EBT MARGIN % ² 12.4

SIXT HAS A STRONG LONG-TERM GROWTH STORY PRIOR TO COVID-19

THE COMPANY HAS DOUBLED ITS REVENUE BETWEEN 2009 AND 2019, AT THE SAME TIME INCREASING PROFITABILITY BY >2,000%

8

2018 Group EBT without one-off effect of DriveNow sale; Total EBT sums up to EUR 535m Source: Annual Reports Sixt ; ¹ Bloomberg, development of share price based on values as of 4th Jan 2010 and IPO of Europcar ²Represented as operating return on revenue. From 2017 to 2019 numbers are adjusted for the sale of Sixt Leasing SE

CONSISTENT LONG-TERM REVENUE GROWTH AND MARGINS – QUICK ADAPTABILITY IN TIMES OF CRISIS

FLEET LEVEL DURING CORONA

9

EBT MARGIN DURING

Source: Sixt Annual Reports ¹EBT Margin = EBT / Group Operating Revenue, From 2017 to 2019 numbers are adjusted for the sale of Sixt Leasing SE

SNAPSHOT 2020: STRONG COST MEASURES TO RESPOND TO COVID-19 CRISIS

COST AND LIQUIDITY MEASURES GROWTH INITIATIVES

SELECTED MEASURES

• Financing secured: EUR 1.5 bn syndicated loan (incl. KfW) and EUR 300 m bond lifted the Group's financial headroom to c. EUR 3 bn at the end of 2020
• Prudent spending behavior in all overhead cost categories strongly overachieving goal of EUR 100 m
• Strong reduction of fleet levels by 25% compared to 2019
• Salary cut of Board members and no dividend payments
• Selected branch closures and reduction of opening hours
• Usage of short-time work

GROWTH INITIATIVES

• USA airport expansion with acquisition of 10 strategically important Advantage-EZ locations out of Chapter 11
• Launch and scaling of SIXT+ to stabilise future revenue streams through recurring cashflows
• Investment into Van & Truck division by hiring a new dedicated Board member
• New strategic partnerships with Google and Lyft to further scale our business
• SIXT share growth with expansion to the Netherlands and piloting of merging rental and sharing activities
• Clear growth story for replacement business through dedicated partnerships with huge leasing companies
• Orange roll-out to boost incremental sales after Corona

¹Fleet costs incl. depreciation on rental vehicles ²Cash flows from continuing operations; 2019 figures adjusted accordingly

SNAPSHOT 2020: RESULTS PROVE RESILIENCE OF SIXT BUSINESS MODEL

OVERALL RESULTS

GROUP REVENUE [EUR bn]

3.31			2.50			1.53
2019			2019 adj.			2020
NET INCOME [EUR m]
247			247			2
2019			2019 adj.			2020

• SIXT kept the drop in Group revenue at -38.8% to EUR 1.53 billion and thus well below the average drop in international air traffic of -74%
• SIXT managed to realize a positive net income of EUR 2 million despite COVID-19 crisis

79 -52 49

688 580 264

[EUR m]

2020 GROUP REVENUE [EUR m]

REGIONAL RESULTS

2020 CORPORATE EBITDA¹

• Corporate EBITDA¹ sees SIXT clearly in the positive range at EUR 75.6 million for the Mobility segment
• Adaptability of business model enabled positive results in German and European business
• Negative results in the USA due to strong investment into expansion of US business and difficult 2nd quarter

11

¹Corporate EBITDA stands for earnings before interest, taxes, decpreciation and amortisation (EBITDA), but with additional consideration of depreciation on rental vehicles and the interest results of the Mobility Business Unit Source: Annual Report 2020 Note: Europe = excl. Germany 2019 adj. = 2019 revenue after elimination of Sixt Leasing

WHAT'S THE SECRET OF SUCCESS? WHAT'S THE SECRET OF SIXT?

BUSINESS STRATEGY FOLLOW PREMIUM STRATEGY

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BUSINESS OBJECTIVES |

01 Follow Premium Strategy

FROM A RENTAL AND LEASING FOCUS TO UNLIMITED MOBILITY THROUGH VARIOUS MOBILITY PRODUCTS

2008	TODAY		EXPECTED GLOBAL MARKET SIZE 2021 AND EXPECTED CAGR UNTIL 2025		1 USD bn
	DRIVE Rent & Share
RENT A CAR Car Rental	TRUCK Global Van & Truck	RENT	+14% p.a. 65
	Rental
LEASING Leasing & New Car Sales	RIDE Ride hailing services	SHARE	10 +9% p.a.
RENT A TRUCK	SUBSCRIPTION Long-term rentals, Flatrate	RIDE HAILING & TAXI		260	+10% p.a.
Truck Rental	MOBILITY PLATFORM
REVENUE 2008	Multimodal solutions	SUBSCRIPTION & CAR SALES		6	+>40% p.a.	Car Sales '21: 1,650
EUR 1.8 BN	REVENUE 2019
+86% REVENUE >>>	EUR 3.3 BN

¹Source: Statista.com for Car Rental, Car Sharing; Ride Hailing & Taxi, Passenger Car Sales; Global Market Insight for Subscription

CAR RENTAL

• >200,000 vehicles even in 2020 despite Covid-19 ¹
• >2,050 branches¹
• High share of telematics fleet enabling for digital check-out (Fastlane) and process efficiency

DIGITAL RENT & SHARING SERVICES

• Combining advantages of car rental and sharing with free movements in innercities and to other German cities
• Share currently available in
  • 3 German and 3 Dutch cities
• Almost 2,500,000 trips in 2020

FLEXIBLE CAR SUBSCRIPTION

• Launched in 2020, now already available in 8 countries
• Flexible all-inclusive offering, on a monthly basis
• Highly digitised process
• Stable monthly cash-flows for SIXT

VAN AND TRUCK RENTAL

• Division launched in 2021
• >800 stations
• Among Van & Truck rental market leaders up to 7.5t in DACH region
• International growth in EU & US
• Digitising offerings through connected vehicle experience
• Expected >10bn USD global market size

TAXI SERVICES

• SIXT ride is a global platform based mobility provider operating since 2012
• Currently available in almost 50 countries worldwide
• >1,850 partners
• >1.5m drivers
• Commission-based partnerships
• Marketing efficiency by
• leveraging existing customer base
• On demand and pre-booked in >400 cities¹

HIGH FOCUS ON PREMIUM CUSTOMER SERVICE AND LOCATION EXPERIENCE

• Customer excitement: 71% of Sixt customers give 5 out of 5 stars
• 360 ° customer view at every customer touchpoint
• CES (customer excitement score) is part of the variable compensation and in 2020 with 4.4 on an all -time high
• Numerous customer service awards

LOYAL & EXCITED CUSTOMERS CUSTOMER EXCITEMENT SCORE 2020 71 % 4.4

WORLDS BIGGEST PREMIUM FLEET

• >200,000 vehicles in fleet in 2020
• Premium share of 55%1,2
• Largest purchaser of Mercedes & BMW vehicles
• Newest vehicles in the market average holding period of 6 months 2
• EUR 5,500,000,000 fleet investment in 2020

94% BUYBACK AGREEMENTS WITH OEMS 3 – HENCE LIMITED RESIDUAL VALUE RISK

Corporate Franchise

SIXT IS A STRONG STRATEGIC PARTNER FOR OEMs

AWARENESS

x

+

Support by joined marketing activities and high visibility (e.g. airport)

SIXT IS PROVIDING UNIQUE CUSTOMER ACCESS, AWARENESS & NEW MOBILITY SOLUTIONS TO OEMS

The use of the rental car had a positive influence on the purchase decision for almost 60% of all drivers.¹

BUSINESS STRATEGY WACHSTUMSWILLE & INTERNATIONALISATION

WACHSTUMS WILLE & INTER NATIONALI SATION

EXCITE OUR CUSTOMERS WITH THE FREEDOM OF GLOBAL MOBILITY WITHOUT OWNING A CAR

BUSINESS OBJECTIVES | 02 Wachstumswille & Internationalisation

FROM A GERMAN CAR RENTAL COMPANY TO A GLOBAL MOBILITY PROVIDER

SNAPSHOT EUROPE CONSISTENT MARKET SHARE GAINS IN A GROWING MARKET

MARKET SHARE DEVELOPMENT

¹Figures 2005-2014 according to Jefferies (Research Report as of 1 April 2020) and figures 2015-2020 according to J.P. Morgan; ²According to Euromonitor and own estimates

SNAPSHOT USA ALREADY #4 IN THE MARKET & PRESENT AT 25 OF THE TOP 30 AIRPORTS TARGETED

US MARKET TOP 30 AIRPORTS 32 10 2015 2017 2019 6.5% 10.5% 12.7% US RENTAL MARKET SIZE 2019 USD bn EXAMPLE: MIAMI AIRPORT SIXT MARKET SHARE MARKET SHARE OF 10% MID-TERM TARGET OF USD 1 BN ¹³ EU CORPORATE COUNTRIES ~31% of total rental market

AVERAGE AIRPORT

25

Sources: Euromonitor 2019 Studies, AutoRental News, US Market Data and own estimates

STRATEGIC GROWTH INITIATIVES FOR OUR ONE INTERNATIONALISATION STRATEGY

GROWTH IN DIGITAL RENTAL

• Expansion in downtown network through physical and digital
• locations
• Enable fully digital and contactless rental experience (digital pick up)
• Merging Rental and Sharing business

GROWTH IN THE USA GROWTH IN VAN &

• Further expansion of airport presence to cover most of the Top 50 US airports
• Expansion of downtown network through physical and digital branches
• Leveraging enhanced branch network for penetration of
• corporate customer segment
• Strengthening of strategic partnerships e.g. with Lyft

TRUCK

• Significant market potential in Europe and the US given expected >10bn USD global market size
• Highly fragmented market without clear market leader
• Competitive advantage offering purely digital, manufacturerindependent and highly flexible rentals

GROWTH IN SIXT+ / SUBSCRIPTION

• Operating SIXT+ in all Sixt Corporate Countries
• Expanding the SIXT+ offering to additional customer groups, like for example SMEs
• Leveraging best solutions for both the SIXT+ and longterm product offering

BUSINESS STRATEGY DIGITISED MOBILITY PLATFORM ONE

ONE DIGITALISED MOBILITY PLATFORM

OUR SIXT APP – POWERED BY THE ONE PLATFORM – COMBINES OWN AND THIRD PARTY CONTENT

SIXT APP

PLATFORM integrates all SIXT products

3 RD PARTY PRODUCTS Upward integration with Google, Etihad, etc.

Digitisation of rental process and stations enables merging of fleet and enables more flexibility and efficiency

ONE platform provides one-stop-shop and

3 rd party product integration provides more frequent interaction, greater reach and more stickiness

EST. CUSTOMER-TOUCHPOINTS PER MONTH

28

PLATFORM INTEGRATION LAYER

DIGITISATION OF RENT AND SHARE PROCESSES

Creating more relevance for our customers and partners

TECHNOLOGY PLATFORM ENABLES TRAFFIC INCREASE & CROSS-PRODUCT USAGE AND HENCE DECREASES UNIT COSTS

More selection of own products and 3rd party products on ONE platform PRICES FOR CUSTOMERS

Better customer experience

LOWER COSTS FOR SIXT & LOWER

More Traffic: More customers and higher stickiness on the platform

BUSINESS OBJECTIVES | 03 ONE digitalised platform

¹Market capitalisation as of 28th Feb 2019 and 30th Apr 2019 ² 4.8 / 5 rating is based on over 29,000 individual customer ratings (Status April 2020, App Store) ³ Reservations 2019 vs. 2018; own estimates.

31

BUSINESS OBJECTIVES | 03 ONE digitalised

platform

TECH PROVES TO REALISE IMMEDIATE MARGIN IMPACT

HIGHER MARGINS THROUGH AI PRICES

SCALING THE LOW -RISK MOBILITY PLATFORM

LOWER COSTS THROUGH DIGITISATION OF BRANCHES (VIRTUAL BRANCHES, DIGITAL LOCATIONS)

BETTER UTILISATION THROUGH AI BASED FLEET FORECAST

LOWER COSTS THROUGH OPTIMISATION OF TRANSFERS/TURNAROUNDS

+253%

GLOBAL IT TEAM

▪ > 500 colleagues

-of-the

microservices

architecture

▪ State

▪ Three locations: Pullach, Kiev and Bangalore

-art

▪ Consistent AI first strategy

-based cloud

2010: 150 2020: 530

BUSINESS OBJECTIVES | 03 ONE digitalised

platform

We are not a car rental business serving people. We are a people business renting cars.

ALEXANDER SIXT

TRUST & PERFORMANCE DRIVEN LEADERSHIP

OUR LEADERS STAY WITH SIXT FOR A LONG TIME

WE INVEST IN OUR WORKFORCE AND PAY TOP-OF-THE MARKET ²

OPERATING REVENUE EUR m

WE VALUE PERFORMANCE

• Salary increases based on individual performance instead of tenure
• No limits on variable compensation of Rental Sales Agents – some earning >EUR 100k p.a.
• Top 10 performers earned 3,5 times more bonus than their fixed salary
• Average Rental Sales Agent Salary incl. commission 25% above competition

¹Sources: Internal Sixt Data ²Source: Annual Reports Sixt Annual Reports and own assessments

SHARE FLEET ECONOMY

SAVING

CULTURE | 02 we don`t just talk. we act!

36

State-of-the-art vehicles in terms of resource efficiency, CO² emissions and safety systems Holding period of six months

100% electrical fleet in SIXT share in the Netherlands and one third electric vehicles in SIXT share overall

Successful reduction of average CO² emissions of European rental fleet for over ten years in a row (since 2008 -19% from 160 g/km to 129 g/km in 2020)

Investments into innovative e-mobility concepts (e.g. Chargery, a mobile charging service based in Berlin / Axilion, company to increase traffic using AI)

SIXT share a flexible, environmentally friendly carsharing product

One carsharing vehicle is said to replace up to twenty private cars

SIXT is part of the shared economy and therefore contributes to a more sustainable and efficient use of resources

Integrated mobility offers

• Shared mobility as real alternative to own car
• Animate to use a mix of different mobility solutions
• Reduction of urban traffic, along with emission reduction

Reduction of water consumption per employee in corporate headquarters by 58% (2017-2020)

Usage of 100% Green energy for all locations in in Germany, provided Sixt is responsible for purchasing

Increasing energy efficiency in corporate headquarter significantly (up to 50%) by modernisation measures (e.g. Geothermal power)

Women make up approx. 50% of the workforce

Initiatives e.g. Female Career Tandem or Feel Good Managers; involvement in numerous associations active in the promotion of women

>300 supporters & members to promote diversity and a culture of respect, acceptance, openness and equal opportunities

Projects in the areas of education, health, care and emergency aid

Supported by >7,000 Sixt employees in 115 countries on an honorary basis

"Drying Little Tears Day": Employees can spend an entire day once a year

Has so far supported >200 projects in >50 countries

Sources: ¹SIXT Data ²SIXT Data 2013 to 2020 combined: UK (2014/2019), ES (2014/2019), FR (2017/2019), BE (2016/2020), NL (2013/2020), growth in % ³BDK puls study 11-2020, n = 1,046

BRAND | Sixt Excitement

Branding matters because branding sells . KONSTANTIN SIXT

Sources: SIXT Data and Sixt Annual Reports

BRANDING SELLS

2012 2013

2009 2010 2011 2014

DOWNLOADS

CUMULATED APP DOWNLOADS 01/19 – 12/20

2015 2016 2017 2018 2019

~4,000,000 SIXT APP

SIXT GLOBAL CUSTOMERS

26,000,000 GLOBAL SIXT

CUSTOMERS

If you are not a brand you are a commodity .

43

ERICH SIXT

SIXT FOCUS ON HIGH MARGINS AND HIGH PRICES

¹of top 4 listed car rental companies; ²Financial data based on annual reports of SIXT and competitors; ³Based on USD/EUR exchange rate as of 31.12.2020; ⁴Based on USD/EUR exchange rate as of 31.12.2019

PERFORMANCE REVIEW & FINANCIAL TRACK RECORD

PERFORMANCE REVIEW & FINANCIAL TRACK RECORD

FINANCIAL PERFORMANCE

Track record of long-term profitable growth and fast reaction to Covid-19 crisis FINANCIAL

STABILITY

Conservative financial management with low-risk balance sheet and high equity share

FINANCIAL LIQUIDITY

Well-funded company with high availability of liquid funds to grow the business out of the crisis

SIXT HAS A STRONG LONG-TERM GROWTH STORY PRIOR TO COVID-19

THE COMPANY HAS DOUBLED ITS REVENUE BETWEEN 2009 AND 2019, AT THE SAME TIME INCREASING PROFITABILITY BY >2,000%

2018 Group EBT without one-off effect of DriveNow sale; Total EBT sums up to EUR 535m Source: Annual Reports Sixt ; ¹ Bloomberg, development of share price based on values as of 4th Jan 2010 and IPO of Europcar ²Represented as operating return on revenue. From 2017 to 2019 numbers are adjusted for the sale of Sixt Leasing SE

Operating 2,494 1,520 2020 ▪ Revenue drop only half of drop

SNAPSHOT 2020: POSITIVE NET INCOME & EBT IN EUROPE

Revenue [EUR m]

Corporate EBITDA [EUR m]

Net Income [EUR m]

247

2019¹ 2020

SIXT GROUP RESULTS [EUR m]

of international airline passenger volume (-74%² ) due to stabilizing downtown and long-term revenues

• Positive Group net income despite impact of Corona crisis
• Adaptability of business model enabled positive results in German and European business
• Negative results in the USA due to strong investment into expansion of US business with ramp-up of newly acquired airport locations

SIXT GROUP PER REGION [EUR m]

¹Source: Annual Report 2020; The prior-year comparative figures have been adjusted accordingly to account for the reporting of discontinued operations ²Source: icao.int ³Total EBT of -82m EUR, additionally "Other" with +1m EUR of EBT

2

SNAPSHOT 2020: RESULTS PROVE ADAPTABILITY OF SIXT BUSINESS MODEL

QUARTERLY CORPORATE EBITDA PER REGION [EUR m]

• Negative EBT in 2020 mainly stems from second quarter
• First Corona wave caused serious challenges in the USA as the used car market was temporarily closed and hence no quick fleet downsizing was possible
• Fleet adjustments in Europe happened more proactively
• Especially SIXT could benefit from the rebound of business during the summer months with immediate ramp-up of fleet and strong profits during Q3

SNAPSHOT 2020: STRONG COST MEASURES TO RESPOND TO COVID-19 CRISIS

COST AND LIQUIDITY MEASURES GROWTH INITIATIVES

SELECTED MEASURES

• Financing secured: EUR 1.5 bn syndicated loan (incl. KfW) and EUR 300 m bond lifted the Group's financial headroom to c. EUR 3 bn at the end of 2020
• Prudent spending behavior in all overhead cost categories strongly overachieving goal of EUR 100 m
• Strong reduction of fleet levels by 25% compared to 2019
• Salary cut of Board members and no dividend payments
• Selected branch closures and reduction of opening hours
• Usage of short-time work

GROWTH INITIATIVES

• USA airport expansion with acquisition of 10 strategically important Advantage-EZ locations out of Chapter 11
• Launch and scaling of SIXT+ to stabilise future revenue streams through recurring cashflows
• Investment into Van & Truck division by hiring a new dedicated Board member
• New strategic partnerships with Google and Lyft to further scale our business
• SIXT share growth with expansion to the Netherlands and piloting of merging rental and sharing activities
• Clear growth story for replacement business through dedicated partnerships with huge leasing companies
• Orange roll-out to boost incremental sales after Corona

¹Fleet costs incl. depreciation on rental vehicles ²Cash flows from continuing operations; 2019 figures adjusted accordingly

HIGH EQUITY RATIO AND LOW NET FINANCIAL DEBT

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

Positive impact of sale of Sixt Leasing:

• Strong reduction of assets on the balance sheet and hence financial liability requirements
• Significant improvement of Equity Ratio 31.5%, far above target ratio of 20%
• Improvement of pre-Corona EBT margin by c. 1pp

PERFORMANCE REVIEW AND FINANCIAL TRACK RECORD | 02 Financial Stability

Source: Annual Reports

SIXT INVESTS IN EARNING ASSETS AND 86% OF THE BALANCE SHEET COMPRISE EARNING ASSETS

PERFORMANCE REVIEW AND FINANCIAL TRACK RECORD | 02 Financial Stability

WELL-BALANCED FINANCING MIX

MIX OF FINANCING INSTRUMENTS as at 31 March 2021¹

[%] MATURITY PROFILE¹ [EUR m]

Financial liabilities as of 31 March 2021, Repayment amounts excluding accrued and in future payable interest; ²Lease liabilities resulting from leases recognised in accordance with IFRS 16 are not included Two bonds due in 2024: EUR 250 m in February and EUR 300 m in December

HIGH LIQUIDITY RESERVES PAVING THE WAY FOR FUTURE GROWTH

• Measures like fleet reductions, a successful bond placement, additional credit lines, cost cutting and dividend waiver result in significantly increased financial headroom
  • Substantial cash inflow driven by defleeting of vehicles
  • EUR 753 m Cash on hand as of end of 2020
  • Placement of a bond with a volume of EUR 300 m in Dec. 2020 (4-year term and interest coupon of 1.75% p.a.)
• Replacement of previously unused syndicated loan with the participation of KfW by a new long-term syndicated loan agreement in the amount of EUR 750 m with a renowned bank consortium
• Liquidity is used to finance the operating business, particularly the fleet – hence as an investment in earning assets
• Sixt currently has significantly more than EUR 2 bn in financial funds available

1700% SIXT OUTPERFORMS ALL COMPETITORS

SELECTED KEY FIGURES FOR THE SIXT GROUP

A P P E N D I X

444 468 456 2.252 1.362 1.687 1.940 2.248 ^{242 179} 191 241 Rental revenue 2018 2,310 158 2017 2019 2019 restated¹ 2020 Other revenue from rental business 2,599 Leasing revenue 2,945 2,494 1,520 +12.9% -39.1% 325 373 380 339 458 510 539 709 519 2019 restated¹ 2017 -49 2018 2019 2020 Depreciation and amortisation expense Earnings before interest and taxes (EBIT) 858 835 912 1,089 409 +14.2% -52.3% CAGR CAGR OPERATING REVENUE [EUR m] EBITDA [EUR m]

SIXT GROUP'S TRACK RECORD OF PROFITABLE GROWTH PRE-CORONA

¹The prior-year comparative figure has been adjusted accordingly to account for the reporting of discontinued operations

SELECTED KEY FIGURES FOR THE SIXT GROUP

SIXT GROUP'S TRACK RECORD OF PROFITABLE GROWTH PRE-CORONA

¹The prior-year comparative figure(s) has/have been adjusted accordingly to account for the reporting of discontinued operations; ²Segment Other with EBT of EUR 1.5 m in 2020 (2019: EUR -1.0 m); ³Related to operating revenue; 4In 2018 excluding the non-recurring income from the sale of the DriveNow stake

SELECTED KEY FIGURES FOR THE SIXT GROUP

DECREASE IN TOTAL ASSETS TO EUR 4.43 BN DUE TO SALE OF SIXT LEASING SE – EQUITY RATIO REACHED 31.5%

¹Corporate assets consist of tangible and intangible non-current assets, financial assets and at-equity measured investments; corporate assets amounted to 13.4% of total assets in 2020 (2019: 10.7%); ²Ratio of equity to total assets

SEGMENT REPORTING IN MOBILITY PROFITABILITY REPRESENTED BY CORPORATE EBITDA

¹Share of consolidated operating revenue generated in the respective regional segment; ²The prior-year comparative figure has been adjusted accordingly to account for the reporting of discontinued operations

SIXT'S FREE CASH FLOW STRONGLY INFLUENCED BY FLEET DIVESTMENT(S)

CASH FLOW ANALYSIS [EUR m]

Cash flow analysis	2015	2016	2017	2018	20192	20202
Gross cash flow	566	638	715	818	706	320
Fleet investment cash flow, net1	-946	-732	-805	-1,043	-836	534
Other cash flow, net	-194	-101	54	27	-55	-196
Free cash flow	-574	-195	-36	-198	-185	658

¹Rental fleet: Net change in vehicles; Leasing fleet: Proceeds from disposal less payments to acquire lease assets; since 2019 rental fleet only; ²Cash flows from continuing operations; 2019 figures adjusted accordingly

Chief Financial Officer

Nicole Schillinger Head of Investor Relations

Sophia Patzak Senior Professional Investor Relations

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

CONTACT DETAILS

SIXT SE

Investor Relations

Zugspitzstrasse 1

82049 Pullach