Allane SE

Quarterly Report • Nov 9, 2023

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Group Quarterly Statement as of 30 September 2023 Page 1

ԏ. Business report

ԏ.ԏ Group business performance

As of 30 September 2023 the Group's contract portfolio inside and outside Germany (excluding franchise and cooperation partners) totalled 121,300 contracts, 4.7% above the figure as of 31 December 2022 (115,900 contracts).

Consolidated revenue increased by 1.2% during the first nine months of 2023 to EUR 561.2 million (9M 2022: EUR 554.6 million) compared to the same period of the previous year. Operating revenue, which does not include the proceeds from vehicle sales, increased by 0.6% to EUR 293.4 million (9M 2022: EUR 291.7 million). This development is mainly attributable to the significant increase in the number of contracts in the Leasing business unit and the resulting rise in leasing instalment revenues. In contrast, a decline in usage-related revenues, particularly fuel revenues, can be noted. Sales revenues from leasing returns and marketed customer vehicles in Fleet Management increased by 1.8% to EUR 267.7 million (9M 2022: EUR 263.0 million). This development is mainly due to a slight increase in the volume of vehicles sold as a result of the continued high demand for used vehicles, with unit prices remaining almost constant compared to the same period last year.

Earnings before interest, taxes, depreciation and amortization (EBITDA) increased in the first three quarters by 9.7% to EUR 152.9 million (9M 2022: EUR 139.4 million) compared to the same period in the previous year. Earnings before taxes (EBT) decreased by 3.9% to EUR 10.6 million (9M 2022: EUR 11.0 million). The operating return on revenue (EBT/operating revenue) consequently came to 3.6% (9M 2022: 3.8%).

The slight decline in EBT in the first nine months is mainly due to the increase in refinancing costs as a result of higher interest expenses. The positive effects from the decrease in other operating expenses, in particular due to a decrease in legal and consulting costs as a result of a lower number of legal disputes against Allane SE, are completely neutralized by the increase in refinancing costs.

Allane Mobility Group

	ԗM	ԗM	Change
in EUR million	ԐԎԐԑ	ԐԎԐԐ	in %
Consolidated revenue	ԓԔԏ.Ԑ	ԓԓԒ.Ԕ	ԏ.Ԑ
Thereof operating revenue	Ԑԗԑ.Ԓ	Ԑԗԏ.ԕ	Ԏ.Ԕ
Thereof sales revenue	ԐԔԕ.ԕ	ԐԔԑ.Ԏ	ԏ.Ԗ
Earnings before interest, taxes, depreciation and amortization (EBITDA)	ԏԓԐ.ԗ	ԏԑԗ.Ԓ	ԗ.ԕ
Earnings before taxes (EBT)	ԏԎ.Ԕ	ԏԏ.Ԏ	-ԑ.ԗ
Operating return on revenue (%)	ԑ.Ԕ	ԑ.Ԗ	-Ԏ.Ԑ points

ԏ.Ԑ Leasing business unit

In the Leasing business unit, which consists of the business fields Retail Leasing (Online Retail and Captive Leasing) and Fleet Leasing, the contract portfolio totalled 73,400 contracts as of the end of the third quarter of 2023, an increase of 6.7% compared to the figure recorded at the end of 2022 (31 December 2022: 68,900 contracts).

The Retail Leasing (Online Retail and Captive Leasing) contract portfolio increased by 14.1% to 40,300 contracts (31 December 2022: 35,300 contracts), which was mainly due to additional cooperations in this business field.

In the Fleet Leasing business field, however, the contract portfolio declined by 1.2% to 33,200 (31 December 2022: 33,600 contracts). This was mainly due to the higher number of expiring contracts compared to new contracts.

EBT in the Leasing business unit in the first nine months of 2023 was slightly above the previous year's level at EUR 10.7 million. The decline in other operating expenses had a positive impact on the development of EBT, particularly as a result of a decrease in legal and consultancy costs from legal disputes against Allane SE. By contrast, a sharp rise in refinancing costs resulting from higher interest rates had a negative impact on EBT in the first nine months of 2023.

Key figures Leasing business unit

	ԗM	ԗM	Change
in EUR million	ԐԎԐԑ	ԐԎԐԐ	in %
Total revenue	ԒԔԔ.ԓ	ԒԓԔ.ԓ	Ԑ.Ԑ
Thereof Leasing revenue (finance rate)	ԏԓԐ.ԓ	ԏԒԏ.Ԕ	ԕ.ԕ
Thereof other revenue from leasing business	ԏԎԓ.Ԏ	ԏԎԑ.ԗ	ԏ.ԏ
Thereof sales revenue	ԐԎԗ.Ԏ	Ԑԏԏ.Ԏ	-ԏ.Ԏ
Earnings before interest, taxes, depreciation and amortization (EBITDA)	ԏԓԐ.ԗ	ԏԑԖ.Ԕ	ԏԎ.ԑ
Earnings before taxes (EBT)	ԏԎ.ԕ	ԏԎ.Ԓ	ԑ.Ԑ
Operating return on revenue (%)	Ԓ.ԏ	Ԓ.Ԑ	-Ԏ.ԏ Points

ԏ.ԑ Fleet Management business unit

In the Fleet Management business unit, the contract portfolio was up 1.9% at the end of the first quarter of 2023 to 47,900 contracts compared to the year-end 2022 (31 December 2022: 47,000 contracts). This increase is mainly due to the growing Fleet Management contract portfolio of existing customers.

The EBT in the Fleet Management business unit was significantly below the level of the previous year at EUR -0.1 million in the first nine months of 2023. This was due to declining Fleet Management revenues and lower expenses for fleet and leased assets as a result of a decline in the number of customer contracts compared to 30 September 2022.

Key figures

Fleet Management business unit

	ԗM	ԗM	Change
in EUR million	ԐԎԐԑ	ԐԎԐԐ	in %
Total revenue	ԗԒ.ԕ	ԗԖ.ԏ	-ԑ.ԓ
Thereof Fleet management revenue	ԑԓ.ԗ	ԒԔ.Ԑ	-ԐԐ.ԑ
Thereof sales revenue	ԓԖ.Ԗ	ԓԏ.ԗ	ԏԑ.ԏ
Earnings before interest, taxes, depreciation and amortization (EBITDA)	Ԏ.Ԏ	Ԏ.ԕ	-ԗԖ.Ԓ
Earnings before taxes (EBT)	-Ԏ.ԏ	Ԏ.Ԕ	-ԏԏԖ.Ԗ
Operating return on revenue (%)	-Ԏ.ԑ	ԏ.Ԓ	-ԏ.ԕ Points

ԏ.Ԓ Financial position

Equity development

As of 30 September 2023 Allane Mobility Group's equity totalled EUR 237.1 million. This represents an increase of EUR 1.9 million or 0.8% compared to the previous year (31 December 2022: EUR 235.3 million). However, the equity ratio decreased by 3.1 percentage points to 16.2% (31 December 2022: 19.3%), primarily due to a increased balance sheet total as a result of the increase in lease assets.

Liabilities development

As of 30 September 2023, the Allane Mobility Group reported non-current liabilities and provisions of EUR 698.7 million (31 December 2022: EUR 580.7 million; 20.3%). The increase of EUR 118.1 million was mainly due to an increase in noncurrent financial liabilities of EUR 110.7 million to EUR 640.4 million (31 December 2022: EUR 529.7 million; 20.9%). This is primarily attributable to the long-term loans taken by Santander Consumer Bank AG, although the effect was mitigated by the reclassification from non-current to current financial liabilities under the asset-backed securities ("ABS") program.

Current liabilites and provisions as of 30 September 2023 totalled EUR 529.0 million (31 December 2022: EUR 402.4 million). The increase of EUR 126.6 million or 31.5% resulted particularly from a EUR 97.0 million increase in current financial liabilities to EUR 375.1 million (31 December 2022: EUR 278.1 million), whichis mainly attributable to the raising of further short-term loans from Santander Consumer Bank AG and the related interest expenses. However, the increase in current liabilities following the above-mentioned reclassification from non-current to current financial liabilities as part of the ABS program was more than offset by the amortization payments also related to this program. Accounts payable increased by EUR 16.3 million or 23.4% to EUR 85.7 million (31 December 2022: EUR 69.4 million). Other liabilities increased by 15.4 million or 51.3% to EUR 45.6 million (31 December 2022: EUR 30.1 million).

ԏ.ԓ Investments

In the first three quarters of 2023, the Allane Mobility Group added vehicles with a total value of EUR 532.6 million (9M 2022: EUR 254.5 million; +109.2%) to the lease assets. This is mainly due to a strong increase in order volumes as a result of cooperations in the Retail Leasing business field.

Ԑ. Events subsequent to the reporting date

No significant events, that would affect the net assets, financial position, and results of operations of the Group and the Company, have occurred after the end of the third quarter of the 2023 financial year.

ԑ. Specific events

Regarding the effects of a high inflation rate and increasing interest levels on the business development of the Allane Mobility Group, please refer to the risk and forecast report in the management report of the Annual Report 2022, published on 28 April 2023. It should be noted, however, that the full and lasting economic impact on the future development of the Company can still hardly be reliably estimated at present and the estimates and discretionary decisions therefore remain subject to increased uncertainty.

Ԓ. Report on outlook

The Managing Board confirms the forecast published on 28 April 2023. Accordingly, the Managing Board still expects a contract portfolio in a range between 120,000 and 150,000 contracts (2022: 115,900 contracts) and consolidated operating revenue to reach an amount between EUR 350 million and EUR 400 million (2022: EUR 385.4 million). As for EBT, the Managing Board expects a low double-digit million-euro amount (2022: EUR 12.8 million).

ԓ. Financial figures for Allane Mobility Group as of ԑԎ September ԐԎԐԑ

ԓ.ԏ Group income statement and statement of comprehensive income

Consolidated Income Statement

	ԗM	ԗM	Qԑ	Qԑ
in EUR thou.	ԐԎԐԑ	ԐԎԐԐ	ԐԎԐԑ	ԐԎԐԐ
Revenue	ԓԔԏ,ԏԓԖ	ԓԓԒ,Ԕԑԗ	ԏԖԑ,ԑԑԑ	ԏԖԑ,ԒԐԒ
Other operating income	Ԕ,Ԕԑԏ	Ԓ,ԔԖԏ	Ԑ,ԏԎԎ	ԏ,ԗԗԔ
Fleet expenses and cost of lease assets	ԑԒԕ,ԖԎԖ	ԑԒԗ,ԑԕԓ	ԏԎԖ,ԔԒԐ	ԏԏԓ,ԏԒԗ
Personnel expenses	Ԓԏ,Ԕԗԑ	ԒԎ,ԐԖԔ	ԏԑ,ԓԒԏ	ԏԑ,ԎԏԒ
Net losses arising from the derecognition of financial assets	ԏ,ԐԒԏ	Ԑ,ԏԐԑ	ԐԒԓ	ԔԒԓ
Net impairment losses (-)/gain (+) from financial assets	-ԏ,ԏԖԖ	ԗԒԕ	ԓԕԐ	Ԓԓԕ
Other operating expenses	ԐԐ,ԗԔԏ	Ԑԗ,ԏԎԗ	Ԗ,ԎԖԐ	ԗ,ԔԔԐ
Earnings before interest, taxes, depreciation and amortization (EBITDA)	ԏԓԐ,ԖԗԖ	ԏԑԗ,ԑԕԑ	ԓԒ,ԑԓԏ	ԒԔ,ԒԗԐ
Depreciation and amortization	ԏԑԑ,ԎԎԎ	ԏԐԓ,ԖԗԎ	ԒԔ,Ԏԕԗ	Ԓԏ,Ԓԕԗ
Earnings before interest and taxes (EBIT)	ԏԗ,Ԗԗԕ	ԏԑ,ԒԖԒ	Ԗ,Ԑԕԑ	ԓ,Ԏԏԑ
Net finance costs	-ԗ,ԑԑԔ	-Ԑ,Ԓԗԓ	-Ԓ,ԓԗԏ	-ԗԏԒ
Earnings before taxes (EBT)	ԏԎ,ԓԔԐ	ԏԎ,ԗԖԗ	ԑ,ԔԖԐ	Ԓ,Ԏԗԗ
Income tax expense	ԑ,ԓԔԑ	ԑ,ԎԖԔ	ԏ,ԎԔԎ	ԗԒԓ
Consolidated profit	Ԕ,ԗԗԗ	ԕ,ԗԎԑ	Ԑ,ԔԐԏ	ԑ,ԏԓԒ
Of which attributable to shareholders of Allane SE	Ԕ,ԗԗԗ	ԕ,ԗԎԑ	Ԑ,ԔԐԏ	ԑ,ԏԓԒ
Earnings per share – basic and diluted (in Euro)	Ԏ.ԑԒ	Ԏ.ԑԖ	Ԏ.ԏԑ	Ԏ.ԏԓ

Consolidated statement of comprehensive income

	ԗM	ԗM
in EUR thou.	ԐԎԐԑ	ԐԎԐԐ
Consolidated profit	Ԕ,ԗԗԗ	ԕ,ԗԎԑ
Other comprehensive income (not recognised in the income statement)	-ԑ,ԐԔԒ	ԕ,ԗԎԗ
Thereof components that could be reclassified to income statement in the future
Currency translation gains/losses	ԐԒԔ	ԏ,ԏԐԖ
Change in derivative financial instruments designated as hedge accounting	-Ԓ,ԓԎԎ	Ԗ,Ԕԗԑ
Related deferred taxes	ԗԗԎ	-ԏ,ԗԏԐ
Total comprehensive income	ԑ,ԕԑԓ	ԏԓ,ԖԏԐ
Of which attributable to minority interests	-ԑ,ԓԏԎ	Ԕ,ԕԖԎ
Of which attributable to shareholders of Allane SE	ԕ,ԐԒԓ	ԗ,ԎԑԐ

ԓ.Ԑ Group balance sheet

Assets

in EUR thou.	ԑԎ.Ԏԗ.ԐԎԐԑ	ԑԏ.ԏԐ.ԐԎԐԐ
Non-current assets
Goodwill	Ԓ,ԑԎԓ	Ԓ,ԑԎԖ
Intangible assets	Ԑԏ,ԓԖԔ	ԏԗ,ԒԕԖ
Property and equipment	ԑԓ,ԕԐԒ	Ԑԗ,ԎԒԓ
Lease assets	ԏ,Ԑԑԏ,ԕԕԔ	ԗԗԑ,ԏԗԐ
Financial assets	Ԑԕ	Ԑԕ
Other receivables and assets	ԓ,ԕԗԓ	ԏԎ,ԒԒԔ
Deferred tax assets	ԕԑԑ	ԕԖԑ
Total non-current assets	ԏ,Ԑԗԗ,ԗԒԕ	ԏ,Ԏԓԕ,Ԑԕԗ
Current assets
Inventories	ԒԎ,ԗԖԗ	ԑԗ,ԗԒԔ
Trade receivables	ԕԐ,ԒԗԐ	ԖԐ,Ԕԗԕ
Receivables from related parties	Ԑ,ԒԐԕ	ԔԒԕ
Other receivables and assets	ԒԐ,ԖԒԔ	ԑԏ,ԖԎԔ
Income tax receivables	ԓԒԗ	ԖԎԗ
Bank balances	ԓ,ԔԒԒ	ԓ,ԏԔԖ
Total current assets	ԏԔԒ,ԗԒԖ	ԏԔԏ,ԎԕԒ
Total assets	ԏ,ԒԔԒ,Ԗԗԓ	ԏ,ԐԏԖ,ԑԓԑ

Equity and liabilities

in EUR thou.	ԑԎ.Ԏԗ.ԐԎԐԑ	ԑԏ.ԏԐ.ԐԎԐԐ
Equity
Subscribed capital	ԐԎ,ԔԏԐ	ԐԎ,ԔԏԐ
Capital reserves	ԏԑԓ,ԎԒԓ	ԏԑԓ,ԎԒԓ
Other reserves	ԕԕ,ԕԔԎ	ԕԐ,ԑԕԎ
Minority interests	ԑ,ԕԑԐ	ԕ,ԐԒԏ
Total equity	Ԑԑԕ,ԏԒԖ	Ԑԑԓ,ԐԔԖ
Non-current liabilities and provisions
Provisions for pensions	ԏԏԎ	ԏԎԖ
Other provisions	ԐԐԔ	ԐԐԔ
Financial liabilities	ԔԒԎ,ԒԎԎ	ԓԐԗ,ԕԏԎ
Other liabilities	ԐԐ,ԗԔԖ	ԏԓ,ԎԔԒ
Deferred tax liabilities	ԑԓ,ԎԒԒ	ԑԓ,ԓԕԑ
Total non-current liabilities and provisions	ԔԗԖ,ԕԒԖ	ԓԖԎ,ԔԖԏ
Current liabilities and provisions
Other provisions	Ԕ,ԕԎԗ	Ԕ,ԗԎԎ
Income tax liabilities	ԏ,ԔԔԏ	Ԑ,ԓԎԐ
Financial liabilities	ԑԕԓ,ԏԒԐ	ԐԕԖ,ԏԐԖ
Trade payables	Ԗԓ,ԔԗԎ	Ԕԗ,Ԓԑԏ
Liabilities to affiliated companies	ԗԐ	Ԗԗ
Contract Liabilities	ԏԒ,ԏԒԕ	ԏԓ,ԐԑԒ
Other liabilities	Ԓԓ,ԓԓԗ	ԑԎ,ԏԏԗ
Total current liabilities and provisions	ԓԐԖ,ԗԗԗ	ԒԎԐ,ԒԎԑ
Total equity and liabilities	ԏ,ԒԔԒ,Ԗԗԓ	ԏ,ԐԏԖ,ԑԓԑ

ԓ.ԑ Group cash flow statement

ԗM ԗM in EUR thou. ԐԎԐԑ ԐԎԐԐ Operating activities Consolidated profit Ԕ,ԗԗԗ ԕ,ԗԎԑ Income taxes recognised in income statement ԑ,ԎԓԐ Ԑ,ԕԎԎ Income taxes paid / received (net) -ԑ,ԔԑԒ -ԑ,ԓԐԐ Financial result recognised in income statementԏ ԗ,ԑԑԓ Ԑ,ԒԗԒ Interest received ԓ,ԑԑԔ ԒԒԓ Interest paid -ԗ,ԒԎԏ -Ԓ,ԓԎԔ Depreciation and amortization ԏԑԑ,ԎԎԎ ԏԐԓ,ԖԗԎ Income from disposal of fixed assets -ԑԎ,Ԓԑԏ -ԑԑ,ԖԑԖ Other (non-)cash expenses and income ԏ,ԖԑԖ -Ԓ,ԕԒԕ
Gross Cash flow ԏԏԔ,ԎԗԒ ԗԐ,Ԗԏԗ
Proceeds from disposal of fixed assets ԏԗԗ,Ԏԕԓ ԐԎԓ,ԗԔԓ
thereof leasing assets ԏԗԖ,ԔԖԒ ԐԎԒ,ԕԔԐ
thereof fixed assets ԑԗԏ ԏ,ԐԎԑ
Payments for investments in lease assets -ԓԑԐ,ԓԔԎ -ԐԓԒ,ԓԒԒ
Change in inventories -ԏ,ԎԒԐ ԑ,ԑԏԑ
Change in trade receivables ԏԎ,ԐԎԒ -ԗ,ԖԐԑ
Change in trade payables ԏԔ,ԐԓԖ -ԏԒ,ԓԕԏ
Change in other net assets ԗ,ԒԏԔ -ԏ,ԗԓԗ
Net cash flows from/used in operating activities -ԏԖԐ,ԓԓԓ Ԑԏ,ԐԎԏ
Investing activities
Proceeds from disposal of intangible assets and equipment ԏԏ
Payments for investments in intangible assets and equipment -ԗ,ԓԖԑ -ԓ,ԐԑԒ
Net cash flows used in investing activities -ԗ,ԓԕԐ -ԓ,ԐԑԒ
Financing activities
Dividends paid -ԏ,Ԗԓԓ -ԏ,Ԑԑԕ
Proceeds from bank loans (incl. ABS-transaction)Ԑ ԐԓԎ,ԎԎԎ ԑԔԎ,ԎԎԎ
Payments made for redemption of bank loans (incl. ABS-transaction)ԑ -ԏԕԏ,ԑԗԑ -ԒԑԎ,ԒԑԔ
Payments made for / proceeds from short-term financial liabilitiesԒ, ԓ ԏԏԓ,Ԗԑԕ ԔԎ,ԐԎԎ
Net cash flows from/used in financing activities ԏԗԐ,ԓԖԗ -ԏԏ,Ԓԕԑ
Net change in cash and cash equivalents ԒԔԐ Ԓ,ԒԗԒ
Effect of exchange rate changes on cash and cash equivalents ԏԒ ԏԑԔ
Cash and cash equivalents at ԏ JanuaryԔ ԓ,ԏԔԖ -Ԓԏԕ
Cash and cash equivalents at ԑԎ September ԓ,ԔԒԐ Ԓ,Ԑԏԑ

1 Excluding income from investments

2 Proceeds from bank loans (incl. ABS transaction) include proceeds from financing of affiliated companies in the amount of EUR 250,000 thousand

(9M 2022: EUR 360,000 thousand).

³Payments for redemption of bond, promissory note loan and bank loan (incl. ABS transaction) include payments for redemption of financing of affiliated companies in the amount of EUR 70,000 thousand (9M 2022: EUR 50,000 thousand).

⁴This includes cash inflows from the raising of financing from affiliated companies in the amount of EUR 180,000 thousand

(9M 2022: EUR 140,000 thousand) and cash outflows from the repayment of financing from affiliated companies in the amount of EUR 70,000 thousand (9M 2022: EUR 80,000 thousand).

5 Short-term borrowings with a maturity period of up to three months and quick turnover.

6 As of 1 January 2022, cash and cash equivalents comprise bank balances (EUR 1,655 thousand) and overdraft facilities (EUR -2,072 thousand).

ԓ.Ԓ Additional financial information

Revenue

Revenue is broken down as follows:

Revenue

	ԗM	ԗM	Change	Qԑ	Qԑ	Change
in EUR thou.	ԐԎԐԑ	ԐԎԐԐ	in %	ԐԎԐԑ	ԐԎԐԐ	in %
Leasing Business Unit
Leasing revenue (finance rate)	ԏԓԐ,ԓԐԒ	ԏԒԏ,ԔԏԎ	ԕ.ԕ	ԓԒ,ԗԐԏ	ԒԔ,ԖԓԎ	ԏԕ.Ԑ
Other revenue from leasing business	ԏԎԒ,ԗԗԏ	ԏԎԑ,ԖԕԐ	ԏ.ԏ	ԑԒ,Ԓԏԏ	ԑԓ,ԓԕԒ	-ԑ.ԑ
Sales revenue	ԐԎԖ,ԗԕԓ	Ԑԏԏ,ԎԐԏ	-ԏ.Ԏ	Ԕԏ,ԖԐԖ	ԕԎ,ԓԒԏ	-ԏԐ.Ԓ
Total	ԒԔԔ,ԒԗԎ	ԒԓԔ,ԓԎԑ	Ԑ.Ԑ	ԏԓԏ,ԏԔԏ	ԏԓԐ,ԗԔԓ	-ԏ.Ԑ
Fleet Management Business Unit
Fleet management revenue	ԑԓ,ԗԏԑ	ԒԔ,ԐԎԎ	-ԐԐ.ԑ	ԏԐ,Ԏԕԕ	ԏԓ,ԗԎԖ	-ԐԒ.ԏ
Sales revenue	ԓԖ,ԕԓԓ	ԓԏ,ԗԑԔ	ԏԑ.ԏ	ԐԎ,Ԏԗԓ	ԏԒ,ԓԓԏ	ԑԖ.ԏ
Total	ԗԒ,ԔԔԖ	ԗԖ,ԏԑԔ	-ԑ.ԓ	ԑԐ,ԏԕԐ	ԑԎ,Ԓԓԗ	ԓ.Ԕ
Group total	ԓԔԏ,ԏԓԖ	ԓԓԒ,Ԕԑԗ	ԏ.Ԑ	ԏԖԑ,ԑԑԑ	ԏԖԑ,ԒԐԒ	-Ԏ.Ԏ

Fleet expenses and cost of lease assets

Fleet expenses and cost of lease assets are broken down as follows:

Fleet expenses and cost of lease assets

in EUR thou.	ԗM ԐԎԐԑ	ԗM ԐԎԐԐ	Change in %
Selling expensesԏ	Ԑԑԕ,Ԑԕԑ	ԐԐԗ,ԐԒԎ	ԑ.ԓ
Repair, maintenance and reconditioning	ԓԎ,ԏԏԓ	ԓԑ,ԎԕԎ	-ԓ.Ԕ
Fuel	ԑԎ,ԗԐԕ	ԒԎ,ԕԓԎ	-ԐԒ.ԏ
Vehicle licenses and deregistration	ԕ,Ԓԓԏ	Ԓ,ԐԓԐ	ԕԓ.ԑ
External rent expenses	ԓ,ԑԓԐ	ԑ,ԕԒԒ	ԒԐ.ԗ
Insurance	Ԓ,ԑԐԒ	ԓ,ԗԗԑ	-Ԑԕ.ԗ
Vehicle return expenses	Ԑ,ԑԏԐ	Ԑ,ԏԑԓ	Ԗ.ԑ
Transportation	Ԑ,ԏԖԖ	Ԑ,ԏԒԔ	ԏ.ԗ
Taxes and dues	ԏ,ԗԖԐ	Ԑ,ԏԕԔ	-Ԗ.ԗ
Radio license fees	ԏ,Ԏԗԕ	ԏ,ԏԐԖ	-Ԑ.ԕ
Other expenses	Ԓ,ԕԖԖ	Ԓ,ԕԒԏ	ԏ.Ԏ
Group total	ԑԒԕ,ԖԎԖ	ԑԒԗ,ԑԕԓ	-Ԏ.Ԓ

1 Includes impairment losses on leased assets held for sale in amount of EUR 300 thousand (9M 2022: EUR 853 thousand)

Depreciation and amortization

Depreciation and amortization are composed as follows:

Depreciation and amortization

in EUR thou.	ԗM ԐԎԐԑ	ԗM ԐԎԐԐ	Change in %
Lease assets	ԏԐԒ,ԐԗԔ	ԏԏԓ,ԒԒԓ	ԕ.ԕ
Property and equipment	Ԓ,ԒԔԎ	Ԑ,ԗԐԎ	ԓԐ.Ԗ
Intangible assets	Ԓ,ԐԒԒ	ԕ,ԓԐԔ	-Ԓԑ.Ԕ
Group total	ԏԑԑ,ԎԎԎ	ԏԐԓ,ԖԗԎ	ԓ.Ԕ

Other operating expenses

Other operating expenses are broken down as follows:

Other operating expenses

	ԗM	ԗM	Change
in EUR thou.	ԐԎԐԑ	ԐԎԐԐ	in %
IT expenses	Ԗ,ԑԎԕ	ԗ,ԑԒԑ	-ԏԏ.ԏ
Other selling and marketing expenses	ԑ,ԖԎԐ	Ԑ,ԓԒԑ	Ԓԗ.ԓ
Audit, legal, advisory costs, and investor relations expenses	ԑ,ԓԖԎ	ԕ,ԒԓԖ	-ԓԐ.Ԏ
Other personnel services	Ԑ,Ԑԓԑ	ԏ,ԗԕԖ	ԏԑ.ԗ
Expenses for buildings	ԏ,ԏԖԏ	ԏ,ԎԔԎ	ԏԏ.Ԓ
Expenses for foreign currency translation	ԖԏԐ	ԏ,ԐԐԓ	-ԑԑ.ԕ
Miscellaneous expenses	ԑ,ԎԐԖ	ԓ,ԓԎԐ	-Ԓԓ.Ԏ
Group total	ԐԐ,ԗԔԏ	Ԑԗ,ԏԎԗ	-Ԑԏ.ԏ

Net finance costs

The net finance costs are as follows:

Net finance costs

Group total	-ԗ,ԑԑԔ	-Ԑ,Ԓԗԓ	>ԏԎԎ
Other net financial income/loss	ԏԖ	ԏԐԏ	-Ԗԓ.ԑ
Interest and similar expenses for related partiesԏ	-Ԗ,ԕԑԐ	-ԓԕԓ	>ԏԎԎ
Interest and similar expenses	-Ԗԕԗ	-Ԑ,Ԑԓԏ	-ԔԎ.ԗ
Other interest and similar income from related parties	Ԑԏ	Ԗ	>ԏԎԎ
Other interest and similar income	Ԑԑԕ	ԐԎԐ	ԏԕ.Ԓ
in EUR thou.	ԐԎԐԑ	ԐԎԐԐ	in %
	ԗM	ԗM	Change

¹Interest and similar expenses to related parties mainly include interest provisions for future interest payments from the loan obligations to Santander Consumer Bank AG.

Group segment reporting

The segment information for the first nine months of 2023 (compared to the first nine months of 2022) is as follows:

By Business Unit	Leasing		Fleet Management		Reconciliation		Group
in EUR million	ԗM ԐԎԐԑ	ԗM ԐԎԐԐ	ԗM ԐԎԐԑ	ԗM ԐԎԐԐ	ԗM ԐԎԐԑ	ԗM ԐԎԐԐ	ԗM ԐԎԐԑ	ԗM ԐԎԐԐ
External revenue	ԒԔԔ.ԓ	ԒԓԔ.ԓ	ԗԒ.ԕ	ԗԖ.ԏ	-	-	ԓԔԏ.Ԑ	ԓԓԒ.Ԕ
Internal revenue	Ԏ.ԏ	Ԏ.ԏ	Ԏ.Ԏ	-	-Ԏ.ԏ	-Ԏ.ԏ	-	-
Total revenue	ԒԔԔ.Ԕ	ԒԓԔ.Ԕ	ԗԒ.ԕ	ԗԖ.ԏ	-Ԏ.ԏ	-Ԏ.ԏ	ԓԔԏ.Ԑ	ԓԓԒ.Ԕ
Fleet expenses and cost
of lease assets	ԐԔԎ.Ԏ	ԐԓԖ.ԗ	Ԗԕ.ԗ	ԗԎ.Ԕ	-Ԏ.ԏ	-Ԏ.ԏ	ԑԒԕ.Ԗ	ԑԒԗ.Ԓ
EBITDAԏ	ԏԓԐ.ԗ	ԏԑԖ.Ԕ	Ԏ.Ԏ	Ԏ.ԕ	-	-	ԏԓԐ.ԗ	ԏԑԗ.Ԓ
Depreciation and
amortization	ԏԑԑ.Ԏ	ԏԐԓ.Ԗ	Ԏ.Ԏ	Ԏ.Ԏ	-	-	ԏԑԑ.Ԏ	ԏԐԓ.ԗ
EBITԐ	ԏԗ.ԗ	ԏԐ.Ԗ	-Ԏ.Ԏ	Ԏ.ԕ	-	-	ԏԗ.ԗ	ԏԑ.ԓ
Net finance costs	-ԗ.ԑ	-Ԑ.Ԓ	-Ԏ.ԏ	-Ԏ.Ԏ	-	Ԏ.Ԏ	-ԗ.ԑ	-Ԑ.ԓ
EBTԑ	ԏԎ.ԕ	ԏԎ.Ԓ	-Ԏ.ԏ	Ԏ.Ԕ	-	-	ԏԎ.Ԕ	ԏԏ.Ԏ

Group segment reporting

1 Corresponds to earnings before interest, taxes, depreciation and amortization (EBITDA)

2 Corresponds to earnings before interest and taxes (EBIT)

3 Corresponds to earnings before taxes (EBT)

Due to rounding it is possible that individual figures in this Group Quarterly Statement do not add up exactly to the totals shown and that the nine-month figures do not exactly result from adding up the individual quarterly figures. It is also possible that, the percentage figures presented do not exactly reflect the absolute figures they relate to.

Pullach, 9 November 2023

Allane SE Managing Board

Allane SE Dr.-Carl-von-Linde-Straße 2 82049 Pullach Germany

Contact Investor Relations Phone +49 89 / 70 80 81610

ir@allane.com https://ir.allane-mobility-group.com