SAF-HOLLAND SE

Earnings Release • Sep 1, 2023

SAF-HOLLAND SE

Investor Presentation

SEPTEMBER 2023

SAF-HOLLAND at a Glance

• electronic braking systems

Business model and financial overview

To be the most trusted and reliable systems partner in the commercial vehicle industry

OUR VISION

SAF-HOLLAND strongly positioned to benefit from global road freight volume to almost triple until 1 FY 2050, creating further need for transportation equipment

Industry megatrends such as digitalization, electrification, autonomous driving and safety all 2 addressed by SAF-HOLLAND's comprehensive product and solution portfolio

SAF-HOLLAND with strong market position based on one-stop-shop offering, 3 incl. local-for-local approach and direct access to fleet customers

Resilient and highly profitable aftermarket sales streams of around one 4 third of Group sales, supporting Group adj. EBIT significantly

Attractive Financial Framework of SAF-HOLLAND

Around 30% of Group sales are based on resilient and highly profitable aftermarket business

Planning with stable CAPEX ratio of up to 3% of sales until FY 2027. Low fixed cost structure supports margin resilience

Rolling 8-quarter average*** ROCE of 15%, above WACC, creating constant shareholder value generation and matching FY 2027 target of at least 15%

Targeting organic sales CAGR of 4.5%* to around EUR 2.5 bn and an adj. EBIT margin of 9 to 9.5%, implying an adj. EBIT of > EUR 200 mn

Despite strong sales growth and Haldex acquisition rolling 8-quarter average** NWC ratio of 15% in line with FY 2027 target of 15 to 16%

Dividend policy calls for a pay-out ratio of 40 to 50% of available net income to shareholders

* 2023 to 2027 CAGR calculated with FY 2027 sales target at mid-point against FY 2023 sales of slightly above EUR 2,000 mn ** Rolling past eight quarter average *** Rolling past eight quarter average ROCE against FY 2022 Group WACC of slightly below 12%

SAF-HOLLAND Very Well Positioned to Benefit from Increasing Transportation Demand

* Source: OECD non-urban freight model in billion kilometers, Aug 2023

Strong Market Access and Product Offering of SAF-HOLLAND plus Haldex

Advantages from the Haldex acquisition

			&
MARKET ACCESS
Fleets		0
Small/Mid OEs		0
Big OEs		0
PRODUCT CAPABILITIES
Brake & Chassis Control
E/E-Vehicle-Architect.	0	0
Axle & Suspension
Telematics solutions		0
Wheel Brake	0
Wheel Hub
Tire Pressure Monitoring	0		0
Competitive Advantage 0	Neutral competitive position		Development to progressing Competitive Disadvantage

Deeper insight into the combined Group

• SAF-HOLLAND acquired HALDEX and included it in the scope of consolidation as of February 22, 2023
• The combined Group has a strong position as a one-stopshop product and solution provider
• Comprehensive product portfolio consisting of axles & suspension systems, brake & chassis control and telematics
• The combined product portfolio allows for additional solutions such as predictive maintenance or smart functions (e.g., burglary protection, trailer temperature measurement etc.)
• Strong advantage specially from air disc brake solutions by Haldex, offering significant sales growth opportunities in both trailer and truck markets
• Synergies from the acquisition are expected to be EUR 10 to 12 mn in FY 2023 and EUR 20 to 35 mn in FY 2027
• SAF-HOLLAND should benefit from cross-selling synergies of c. EUR 40 mn in FY 2023 and up to EUR 200 mn in FY 2027 driven by access to an extended customer base

Note: Indicative competitive advantages

Comprehensive High-Quality Product Portfolio of SAF-HOLLAND plus Haldex

Significant Customer Benefits From Increasingly Integrated Mechatronic Offering

Sole system supplier worldwide for all chassis-related products

Leading Positionsin Oligopolistic Markets Further Enhanced by Haldex Acquisition

		SAF-HOLLAND		Haldex
	Trailer Axles	Fifth Wheels		Suspension / Air Controls	Foundation Brake
Global positioning	#1-2	#2	#2		#1-3
Regional positioning	#1 EMEA #1 India #3 NA*	#1 NA* #2 EMEA	#1 NA* #2 EMEA		#2 Europe: Air Disc Brakes, Trailer #1 Europe: Air Suspension, Trailer #3 Europe: Trailer EBS #1 Europe / NA: Brake Adjusters
Top 3 positions across key products

Local-for-Local Set-Up Covering Developed and Growth Markets Globally

Direct Access to Broad and Diversified End Customer Base: Fleet Operators

• SAF-HOLLAND has long established relationships with fleet owners and trailer builders
• High brand recognition and superior product performance combined with unique aftermarket network
• Fleet managersspecify SAF-HOLLAND products with trailer builders
• No dependency on single group of customers. ~70% of Group sales comes from diverse customer portfolio

End customers choose SAF-HOLLAND because of lower total costs of ownership and higher efficiency over the life cycle

Comprehensive Aftermarket Spare Parts and Service Network Worldwide

~12,000 spare parts dealers and service stationsin more than 80 countries guarantee spare parts availability

Axle population in EMEA has more than tripled

Leading service network in Europe and North America: key asset for fleet customers and significant barrier to market entry

Aftermarket business counter-balances potential volatility in OEM business and generates growth based on increasing product population in the field ("razor and blade business model")

Ordering spare parts via QR-Code

• As of 2013, all axles delivered have a QR code on the type plate
• Since 2014, this has also applied to fifth wheels and landing gear
• The serial number is the key information required to identify replacement parts
• Via the QR code customers are directed to an online platform where they can directly order required spare parts

	SAF-HOLLAND GMBH D-63856 BESSENBACH - GERMANY		SAF Holland
Version	BQ-22S	$ID1 - SBS2243 - 10°$
Serial No.	13 12 125 0328	ID2-SBS2220 HO
Ident No.	347 91 68 7 49 01	$ID3 - 10006$
	Stat. 9000 kg Vmax. 105 km/h	ID4-TDB0843
Made in Germany		171750378

Ordering spare parts via NFC

• From May 2023, all axles with compact bearings are fitted with an NFC chip in the hub cap
• With an NFC-enabled smartphone and the SAF-HOLLAND "SH-Connect" app productspecific spare parts and technical documentation is available and needed spare parts can be order online

Aftermarket Needs Adressed from First to Third Owner of a Vehicle

High share of aftermarket business effectively bolsters SAF-HOLLAND's resilience profile

Strong Aftermarket Exposure Ensures Resilient Profitability

(EUR mn and %)

• Aftermarket sales streams are resilient and highly profitable
• Strong aftermarket position due to 12,000 spare parts & service stations, previous strong OEM-business growth and consolidation of Haldex creates increased aftermarket opportunities
• Going forward, including Haldex, aftermarket sales are targeted to be ~30 % of Group sales, further increasing resilience of SAF-HOLLAND
• Q2 2023, the first full quarter including Haldex, aftermarket share of Group sales was 31.7%

FY 2023 Profitability of up to 9% Targeted, adj. EBIT to Double Against Prior Periods

216 to 238**

* Implied value, calculated as 9% of EUR 2,000 mn

** Implied value, calculated as 9% against EUR 2,400 mn and 9.5% against EUR 2,500 mn

*** Calculated with FY 2027 sales target at mid-point against FY 2023 sales of slightly above EUR 2,000 mn

• FY 2018 to FY 2020 adj. EBIT impacted by reorganization of US factory footprint and supply chain disruptions, Chinese factory consolidation as well as COVID-19
• Despite a substantial sales-decline of -25% in FY 2020, adj. EBIT margin was resilient and only slightly changed against FY 2019
• Significant margin improvement in FY 2021 and FY 2022 despite supply chain disruptions as well as increased cost for material, energy and logistic
• FY 2023 outlook targets an adj. EBIT margin of up to 9%, implying a nominal adj. EBIT of around EUR 180 mn and therewith more than doubling against the values achieved in FY 2015 to FY 2018
• FY 2027 target calls for an organic sales CAGR FY 2023 to FY 2027 of c. 4.5%*** and an adj. EBIT margin of 9 to 9.5%
• Additional FY 2027 targets include:
• 15 to 16% NWC ratio
• ROCE of >= 15%

• Capex ratio of <= 3%

• No substantial maturities outstanding before FY 2025

• Slightly more than half of outstanding debt includes variable interest rates, around 75% of these debt instruments are hedged against rising interest rates
• Most of outstanding debt is related to the Haldex acquisition, was taken on balance end of FY 2022 and therefore already includes the elevated interest rate environment
• Liquidity on balance is EUR 215 mn as of June 30 2023
• Targeting to make a substantial amount of liquidity available for either deleveraging, M&A activities or a share buy back via improved liquidity management
• A revolving credit facility, most of which is undrawn, of EUR 250 mn is also available to SAF-HOLLAND

Q2 2023 Financial update

Trading Review	Strong y-o-y sales increase of 37.7%, mainly driven by Americas and APAC, plus Haldex having been consolidated for a full quarter for the first time. Organic growth 11.4%
Development by Region	Strong organic sales growth in Americas and APAC, EMEA organically slightly down y-o-y due to mix effects linked to the cyberattack and demand normalization in Q2

Aftermarket Strength Significant aftermarket growth of 55.1%, mainly driven by the consolidation of Haldex and prior strong OEM-business growth, increasing addressable aftermarket

	SAF-HOLLAND recovered most of the production shortfall caused by the cyberattack in
Cyberattack	Q2 2023

FY 2023 Outlook Update	SAF-HOLLAND is targeting to reach sales slightly above EUR 2 bn and an adj. EBIT margin of up to 9%
------------------------	-----------------------------------------------------------------------------------------------------------

Strong Q2 2023 results with double-digit sales growth in all regions, supported by Haldex consolidation and strong demand in Americas and APAC

Group sales strongly up due to Haldex consolidation, double-digit organic growth

• Continued strong demand from customers for trailer and truck components
• Both, higher volumes and prior price increases supported revenue growth
• H1 2023 sales increased 34.0%, adjusted for FX and M&A effects +11.1%
• Q2 2023 sales up 37.7%; adjusted for FX and M&A effects +11.4%
• Haldex, included for a full quarter in the scope of consolidation, contributed EUR 117,3 mn to Group sales in Q2 2023

Americas and APAC gaining importance, aftermarket share above 30% for the Group

Group sales split (by region, by customer category)

Higher sales volume, increased after market share and prior price adjustments supportive for Group adj. EBIT

Group adj. EBIT by quarter (in EUR mn and % of sales)

• In the first half of 2023 adj. EBIT improved by 69.3% to EUR 94.2 mn, leading to a significant margin improvement from 7.2% to 9.1%
• Q2 2023 adj. EBIT was EUR 50.8 mn, significantly up by 58.1%, equal to a margin of 9.1%
• Improvement in adjusted EBIT resulted mainly from higher volumes, an increased aftermarket share and prior price increases compensating higher material, logistics and energy costs
• Process optimizations, cost efficiencies and economies of scale especially in SG&A also supportive
• SAF-HOLLAND also made good progress, reaching targeted synergies from the Haldex acquisition
• Not considering Q4 which is seasonally the lowest quarter from a margin-perspective – third consecutive quarter with a margin around 9%

Sales increase driven by Haldex consolidation, organic sales growth above market development in EMEA

• H1 2023 sales increased 13.6%, adjusted for FX and M&A effects -0.5%
• Q2 2023 sales up 12.6%; adjusted for FX and M&A effects -1.8%
• Organic sales growth above market development
• Slight organic revenue decline reflects mix effects and some unprocessed orders due to the cyberattack as well as demand normalization for trailers
• The EMEA region recorded solid sales growth in the aftermarket business in Q2 2023, due to Haldex consolidation, as well as an increased addressable aftermarket due to prior strong OEM-business growth

(in EUR mn)

Positive product and aftermarket mix as well as price increases supportive in EMEA

(in EUR mn and % of sales)

• Double-digit increase in adj. EBIT in both the first six months and Q2 2023
• Product mix, higher aftermarket share as well as internal efficiency improvements also had a positive impact
• Prior price increases compensated elevated steel, logistics and energy costs
• Q2 2023 vs. Q1 2023 adj. EBIT margin slightly down, impacted by full consolidation of Haldex, as Haldex has a lower adj. EBIT margin profile in EMEA than

Americas saw strong growth due to high customer demand and Haldex consolidation

151.1

Q1 Q2 Q3 Q4

• Overall, demand for trailer and truck components remained robust in the region due to solid OEMbacklogs
• Due to its strong position, SAF-HOLLAND also benefitted from the trend towards disc brake axle systems
• H1 2023 sales increased 55.8%, as Haldex generates c. 50% of sales in the Americas region
• Adjusted for FX and M&A effects Americas grew 16.1% in the first six months
• Q2 2023 sales up 61.5%; adjusted for FX and M&A effects strong increase of 15.0%

Operating leverage and efficiency enhancements support strong margin improvement

Americas adj. EBIT by quarter (in EUR mn and % of sales)

• The Americas region saw very strong double-digit adjusted EBIT improvement both in the first six months (+76.9%) and Q2 2023 (+67.4%)
• Strong improvement in earnings was primarily the result of the operating leverage due to strong sales growth
• Successfully implemented efficiency enhancements and savings in the overhead area are showing the expected benefits
• Q2 2023 was the fifth consecutive quarter with a margin of around 10%

APAC recorded strong growth driven by demand in India, China sales grew significantly

APAC sales by quarter (in EUR mn) 34.2 52.5

• H1 2023 sales increased 70.2%, adjusted for FX and M&A effects +60.3%
• Q2 2023 sales up significantly with 85.5%; adjusted for FX and M&A effects +72.4%
• Substantial growth in the APAC region driven by the ongoing strong development in India due to government infrastructure measures and the expansion of its transport sector
• Customer demand also remained solid in the specialty market of Australia and Southeast Asia
• SAF-HOLLAND's business in China also grew significantly, doubling sales in Q2 2023 vs. Q1 2023

Strong profitability driven by scale effects and improved operating performance

APAC adj. EBIT by quarter

(in EUR mn and % of sales)

• Overall economies of scale from the higher business volume in India and a favorable product mix were supportive both in Q1 and Q2 2023
• Highly profitable business in the mining sector in Southeast Asia contributed to the adj. EBIT increase
• Further improvement in the operating performance in China beneficial to the earnings improvement
• In sum adj. EBIT improved 83.6% in the first six months and 103.6% in Q2 2023
• Q2 2023 was the sixth consecutive quarter with an adj. EBIT margin around the double-digit territory

Financials H1 and Q2 2023

in EUR mn	H1 2023	H1 2022	Change in %	Q2 2023	Q2 2022	Change in %
EBIT	72.3	48.7	48.4	33.5	27.7	20.8
EBIT margin in %	7.0	6.3	-	6.0	6.9	–
Additional depreciation and amortization from PPA	8.2	4.6	77.6	5.9 1	2.4	>100
Inventory step-up at Haldex	5.3	-	-	5.3	-	-
Restructuring and transactions costs	2 7.1	1.0	>100	4.9	0.8	>100
Valuation effects from call and put options	1.2	1.3	-1.1	1.2	1.3	-1.1
Adjusted EBIT	94.2	55.6	69.3	50.8	32.1	58.1
Adjusted EBIT margin in %	9.1	7.2	-	9.1	8.0	–

Aside existing PPA for prior acquisitions of EUR 2.3 mn, includes Haldex-related PPA of around EUR 2.8 mn for Q2 2023 and a catch-up effect for one month of Haldex PPA in Q1 2023. PPA run-rate from Q3 2023 onwards should be ~ 5 mn per quarter 1

Includes extraordinary expenses for external consulting and IT-equipment related to the cyberattack of ~ EUR 4 mn and costs for post merger integration of Haldex of ~ EUR 2 mn 2

Q2 2023 adjusted earnings per share significantly up

Includes a mid-single digit positive FX-effect. Finance expenses were EUR 10.4 mn in the quarter 1

Above usual tax rate of around 30% due to non-capitalized deferred tax assets on loss carryforwards at some subsidiaries. FY 2023 tax rate is expected to be in a corridor of 29% to 34% 2

Equity ratio slightly down due to balance sheet expansion driven by Haldex acquisition

• Compared to 31 Dec. 2022, equity is slightly down 1.8% due to the dividend payment towards shareholders and negative FX effects, while balance sheet total is up 12.6% due to the consolidation of Haldex
• Equity-ratio is therefore slightly down at 25.7% vs. 29.5% per 31 December 2022

Strict NWC-management leads to sequentially stable net working capital ratio

• NWC ratio of SAF-HOLLAND was 15.4%, slightly improved sequentially due to the strict NWC-management
• Against Dec 2022 NWC increased due to the consolidation of Haldex, which has a significantly higher NWC-ratio at around the 20%-mark
• For better comparability, NWC of sales calculation, considers Haldex's contribution to sales on a pro forma basis for the last twelve months, as Haldex's contribution to NWC is also fully included since Q1 2023

Very strong development of operating and free cash flow

Net cash flow from operating activities (EUR mn)

• The increase in operating cash flow was mainly due to higher earnings before taxes and strict NWC-management
• Cash taxes were around EUR 27 mn in H1 2023, up from around EUR 14 mn due to increased earnings before taxes in prior periods

• Payments for investments in property, plant and equipment and intangible assets were EUR 13.1 mn in the first six months or EUR 6.4 mn in Q2 2023

62.5

* Pre acquisitions / acquisition of Haldex shares

ROCE improvement driven by stable capital employed while LTM EBIT improved

Return on capital employed (in %)

EUR mn	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
Equity	300.5	325.2	334.8	353.7	371.1	390.5	431.1	468.5	441.4	449.8	433.4
Financial liabilities	324.1	332.4	323.7	318.5	322.2	318.9	369.9	614.5	715.7	663.3	683.8
Lease liabilities	43.6	42.7	41.6	41.7	41.1	40.4	40.9	39.9	38.4	62.7	68.0
Pension provisions	31.4	32.2	32.2	32.7	22.3	22.5	16.8	16.9	15.3	43.1	41.6
Cash/cash equivalents	-171.0	-179.5	-164.9	-159.5	-165.2	-148.9	-173.0	-206.2	-243.5	-218.0	-215.3
Capital employed	528.6	553.0	567.4	587.1	591.4	623.4	685.7	933.7	967.3	1,000.9	1,011.5
Adjusted EBIT (LTM)	58.8	62.3	82.1	91.5	93.1	94.7	101.8	114.1	124.6	165.0	172.6

• Q2 2023 ROCE was 17.1%, up vs. Q1 2023 due to stable capital employed while EBIT (LTM) increased slightly
• As of Q1 2023 the calculation includes Haldex's contribution to adjusted EBIT on a pro forma basis for the last twelve months, as Haldex's contribution to capital employed is also fully included

Net debt/EBITDA: Operating performance offset by dividend payment and PPA items. Target for 2024 confirmed with 2x or lower

* Reported EBITDA (LTM) ** Excl. Haldex related debt *** Incl. Haldex related debt and pro-forma EBITDA (LTM) contribution

• Haldex and related debt, net debt/EBITDA ratio amounted to 2.5x, down from Dec. 2022 value of 2.6x
• While gross debt position was stable, slight increase in leverage in Q2 vs. Q1 2023 mainly due to dividend payment, causing a slightly lower cash position and PPA items reducing LTM EBITDA slightly
• Dec 2022 net debt/EBITDA ratio of 0.7x did not include additional debt to finance the acquisition of Haldex
• Significant deleveraging in Q3 2022 and Q4 2022 due to strong operating FCF, which in turn was due to improved working capital management
• The target for 2024 is a net debt to EBITDA ratio of 2.0x or lower

Update on Haldex goodwill allocation and integration

Haldex acquisition leads to a goodwill increase of around EUR 59 mn. Integration and reaching targeted synergies progressing very well

in EUR mn	Forecasted acquisition related impacts on SAF-HOLLAND	Acquisition related impacts on SAF HOLLAND
Haldex related goodwill on balance	+30 – 70	+58.5
Inventory step-up at Haldex effecting the P&L	~ -5	-5.3
Expected PPA amortization from Haldex going forward	~ -11 per annum	~ -11 per annum

Comments on acquisition related impacts on SAF-HOLLAND

• Based on current status of goodwill allocation, the purchase price allocation for Haldex increased goodwill on balance of SAF-HOLLAND in the amount of EUR 58.5 mn, matching the previously communicated corridor of EUR 30 to 70 mn
• Inventory step-up at Haldex was EUR 5.3 mn
• Additional PPA amortization from Haldex is expected to be approx. EUR 11 mn per annum
• Due to Haldex being consolidated as of February 21 2023, PPA amortization for FY 2023 is expected to be 10/12 of the EUR 11mn

Update on Haldex integration

• Integration of Haldex progressing very well
• SAF-HOLLAND is on a good way to reach the targeted synergies of EUR 10 to 12 mn in FY 2023
• Long-term synergy target of EUR 25 to 35 mn in FY 2027 is unchanged

Outlook 2023 and key takeaways

FY 2023 market outlook - European trailer market normalizes while other important market are set to keep on growing, especially N. America and Indian trailer market

	FY 2023e Trailer Market	FY 2023e Trucks Market
EMEA	~ -5%	~ +10%
North America	~ +8%	~ +10%
Brazil	~ -5%	~ -20%
China	~ +35%	~ +15%
India	~ +70%	~ +14%
EMEA North America Brazil China India	Exposure of Trailer OEM business*	Exposure of Truck OEM business*

* Indicative view showing the market exposure of the original equipment manufacturing (OEM) business of SAF-HOLLAND, based on the Groups Q2 2023 OEM sales

Note: Market forecasts are internal management assumptions based on truck-OEM communication, CLEAR int. (WEU and EEU, June and April 2023), ACT Research (North America, July 2023), ANFAVEA (Brazil, July 2022)

• EMEA

• Due to the adverse economic environment and persistent uncertainties surrounding the Ukraine conflict, the European trailer market, measured in terms of production in 2023, is expected to decline slightly
• Truck market expected to increase, due to strong OEM order backlog and ongoing customer demand

• North America

• Trailer and truck markets expected to grow, due to strong OEM order backlog and continued market demand
• Brazil
• For South America's most important commercial vehicle market, both trailer and truck markets are expected to decline in 2023
• China
• Following previous year's sharp downturn in the truck and trailer markets, both trailer and truck markets are expected to grow in the high double-digits
• India
• Supported by the continued strong investment of India's government in infrastructure expansion, trailer production is expected to increase substantially by around 70% and truck production by around 14%

	Old Group FY 2023 Outlook as of 30 March 2023*	Updated Group FY 2023 Outlook as of 10 August 2023*
Sales	EUR 1,800 - 1,950 mn	Slightly above EUR 2,000 mn
Adj. EBIT margin	7.5% to 8.5%	Up to 9%
Capex ratio**	Up to 3%	Up to 3%

• Based on ongoing strong demand for trailer and truck components, SAF-HOLLAND is targeting group sales slightly above EUR 2,000 mn, assuming stable exchange rates and the sales contribution of Haldex as of February 21, 2023
• SAF-HOLLAND expects to reach an adjusted EBIT margin, including Haldex, of up to 9% based on ongoing strong market demand from higher-margin regions Americas and APAC and good progress in achieving targeted synergies from the Haldex acquisition.
• Potential headwinds in H2 2023 include increased cost of labour, initial cost for the implementation of SAP S4 HANA and Q3 and Q4 effected by regular factory holidays. SAF-HOLLAND targets an adj. EBIT margin of up to 9% by offsetting these headwinds based on productivity improvements and synergies from the Haldex acquisition
• For FY 2023, including Haldex, the Group plans expenditures for investments of up to 3% of Group sales, with a focus on expanding production capacities in Mexico, India and Brazil as well as the Groupwide implementation of SAP S4 HANA

* Incl. Haldex contribution, consolidated as of February 21, 2023

** Incl. payments for investments in property, plant and equipment and intangible assets as well as capitalized R&D

SAF-HOLLAND benefitting from a more balanced regional mix with Americas having gained importance, due to the Haldex acquisition and strong organic growth, while APAC benefitted strongly from organic growth 1

Haldex integration and synergy targets well under way. Enhanced product portfolio and 2 increased aftermarket exposure creates a stronger and more resilient SAF-HOLLAND

SAF-HOLLAND with strong performance, showing steady Group margins of around 9% 3 during the last few quarters

The Group is targeting an adj. EBIT margin of up to 9% in FY 2023, significantly up 4 from the 8.0% adj. EBIT margin achieved in FY 2022

Contact and appendix

Investor relations contact & financial calendar

Issuer & contact

SAF-HOLLAND SE Hauptstrasse 26 63856 Bessenbach

Fabian Giese Interim Head of Investor Relations, Corporate & ESG Communications Tel: +49 6095 301 – 904

Alexander Pöschl Senior Manager Investor Relations, Corporate & ESG Communications Tel: +49 6095 301 – 117

Marleen Prutky Junior Manager Investor Relations Tel: +49 6095 301 – 592

Email: ir@safholland.de

Financial calendar and events
October 6, 2023	Spain-Roadshow with Berenberg, Madrid
October 10 & 11, 2023	US-Roadshow with ODDO BHF, New York & Chicago
October 11, 2023	Virtual Lugano / Milan Roadshow with Hauck & Aufhäuser Lampe, IR-only
November 09, 2023	Publication of the Quarterly Statement Q3 2023

Disclaimer

This presentation has been prepared by SAF-HOLLAND SE ("SAF-HOLLAND") and comprises written materials concerning SAF-HOLLAND and Haldex AB ("Haldex"). It contains summary information only and does not purport to be comprehensive and is not intended to be (and should not be used as) the sole basis of any analysis or other evaluation of SAF-HOLLAND, Haldex or its business. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of 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, and, accordingly, neither SAF-HOLLAND nor any of the members of its management board or any of its officers, employees or advisors nor any other person shall have any responsibility or liability whatsoever(for negligence or otherwise) arising, directly or indirectly, from the use of this presentation, or its contents or otherwise in connection with this presentation.

This presentation contains certain statements related to our future business and financial performance and future events or developments involving SAF-HOLLAND, Haldex and/or the industry in which SAF-HOLLAND and Haldex operate that may constitute forward-looking statements. These statements may be identified by words such as "believes," "expects," "predicts," "intends," "projects," "plans," "estimates," "aims," "foresees," "anticipates," "targets," and similar expressions. Forward-looking statements are not historical facts, but solely opinions, views and forecasts which are based on current expectations and certain assumptions of SAF-HOLLAND's management or cited from third party sources which are uncertain and subject to risks. Actual events may differ significantly from the anticipated developments due to a number of factors, including without limitation, changes in general economic conditions, changes affecting the fair values of the assets held by SAF-HOLLAND and its subsidiaries, changes affecting interest rate levels, changes in competition levels, changes in laws and regulations, environmental damages, the potential impact of legal proceedings and actions and the SAF-HOLLAND Group's ability to achieve operational synergies from past or future acquisitions. Should any of these risks or uncertainties materialise or should underlying expectations not occur or assumptions prove to be incorrect, actual results, performance or achievements of SAF-HOLLAND may (negatively or positively) vary materially from those described, explicitly or implicitly, in the relevant forward-looking statement.

The information contained in this presentation, including any forward-looking statements expressed herein, speaks only as of the date hereof and reflects current legislation and the current business and financial affairs of the SAF-HOLLAND which are subject to change and audit. Neither the delivery of this presentation nor any further discussions of SAF-HOLLAND with any of the recipients thereof shall, under any circumstances, create any implication that there has been no change in the affairs of SAF-HOLLAND since such date. Consequently, SAF-HOLLAND neither accepts any responsibility for the future accuracy of the information contained in this presentation, including any forward-looking statements expressed herein, nor assumes any obligation,to update or revise thisinformation to reflect subsequent events or developments which differ from those anticipated.

This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. This presentation is for information purposes only and does neither constitute an offer to sell securities, nor any recommendation of, or solicitation of an offer to buy, any securities of SAF-HOLLAND or Haldex in the United States, Germany or any other jurisdiction. In the United States, any securities may not be offered or sold absent registration or an exemption from registration under the U.S. Securities Act of 1933.

The information contained in this document has not been subject to any independent audit or review. Information derived from unaudited financial information should be read in conjunction with the relevant audited financial statements, including the notes thereto. Certain financial data included in the document consists of "non-IFRS financial measures". These non-IFRS financial measures may not be comparable to similarly titled measures presented by other companies, nor should they be construed as an alternative to other financial measures determined in accordance with IFRS. You are cautioned not to place undue reliance on any non-IFRS financial measures and ratiosincluded herein.