Allane SE

Quarterly Report • May 11, 2023

Allane SE

Group Quarterly Statement as of 31 March 2023

ԏ. Business report

ԏ.ԏ Group business performance

As of 31 March 2023 the Group's contract portfolio inside and outside Germany (excluding franchise and cooperation partners) totalled 114,400 contracts, 1.3% below the figure as of 31 December 2022 (115,900 contracts).

Consolidated revenue decreased by 0.6% during the first three months of 2023 to EUR 188.6 million (Q1 2022: EUR 189.8 million) compared to the same period of the previous year. Operating revenue, which does not include the proceeds from vehicle sales, increased by 0.8% to EUR 96.6 million (Q1 2022: EUR 95.8 million). This development is attributable to the increase in usage-related revenues, such as fuel revenues and revenues from individual service products, had still been impacted by COVID-19 measures in the prior-year quarter. Sales revenues from leasing returns and marketed customer vehicles in Fleet Management decreased by 2.1% to EUR 92.0 million (Q1 2022: EUR 94.0 million). This results in particular from the decline in sales volume, due to a reduced sales portfolio following a low contract portfolio and a higher number of contract prolongations.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased in the first three months by 5.5% to EUR 50.2 million (Q1 2022: EUR 47.6 million) compared to the same period in the previous year. Earnings before taxes (EBT) increased by 0.5% to EUR 4.4 million (Q1 2022: EUR 4.4 million). The operating return on revenue (EBT/operating revenue) consequently came to 4.6% (Q1 2022: 4.6%).

The slight increased EBT in the first three quarters is mainly due to a decline in expenses for the vehicle fleet and lease assets. This positive effect was, however, weakened by the increase in depreciation on leased assets and the increase in refinancing costs due to higher interest expenses.

Allane Mobility Group

	Qԏ	Qԏ	Change
in EUR million	ԐԎԐԑ	ԐԎԐԐ	in %
Consolidated revenue	ԏԖԖ.Ԕ	ԏԖԗ.Ԗ	-Ԏ.Ԕ
Thereof operating revenue	ԗԔ.Ԕ	ԗԓ.Ԗ	Ԏ.Ԗ
Thereof sales revenue	ԗԐ.Ԏ	ԗԒ.Ԏ	-Ԑ.ԏ
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	ԓԎ.Ԑ	Ԓԕ.Ԕ	ԓ.ԓ
Earnings before taxes (EBT)	Ԓ.Ԓ	Ԓ.Ԓ	Ԏ.ԓ
Operating return on revenue (%)	Ԓ.Ԕ	Ԓ.Ԕ	+/- Ԏ.Ԏ Punkte

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 69,100 contracts as of the end of the first quarter of 2023. This represents an increase of 0.4% compared to the figure recorded at the end of 2022 (31 December 2022: 68,800 contracts). The Retail Leasing (Online Retail and Captive Leasing) contract portfolio increased by 2.1% to 36,000 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 1.4% to 33,100 (31 December 2022: 33,600 contracts). This was mainly due to the higher number of expiring contracts compared with new contracts.

Key figures Leasing business unit

	Qԏ	Qԏ	Change
in EUR million	ԐԎԐԑ	ԐԎԐԐ	in %
Total revenue	ԏԓԕ.Ԏ	ԏԓԓ.ԑ	ԏ.ԏ
Thereof leasing revenue (finance rate)	ԒԖ.Ԗ	Ԓԕ.ԕ	Ԑ.Ԑ
Thereof other revenue from leasing business	ԑԓ.ԓ	ԑԑ.Ԏ	ԕ.ԓ
Thereof sales revenue	ԕԐ.ԕ	ԕԒ.Ԕ	-Ԑ.ԓ
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	Ԓԗ.ԗ	Ԓԕ.Ԓ	ԓ.Ԓ
Earnings before taxes (EBT)	Ԓ.Ԑ	Ԓ.ԑ	-ԏ.ԑ
Operating return on revenue (%)	ԓ.Ԏ	ԓ.ԑ	-Ԏ.ԑ Points

Earnings before taxes (EBT) in the Leasing business unit were negatively impacted by both higher depreciation on leasing assets and an increase in refinancing costs due to higher interest expenses.

ԏ.ԑ Fleet Management business unit

In the Fleet Management business unit, the contract portfolio was down 3.7% year-on-year at the end of the first quarter of 2023 to 45,300 contracts (31 December 2022: 47,000 contracts). This decline is mainly due to expired and non-renewed Fleet Management contracts.

Key figures

Fleet Management business unit

in EUR million	Qԏ ԐԎԐԑ	Qԏ ԐԎԐԐ	Change in %
Total revenue	ԑԏ.Ԕ	ԑԒ.Ԓ	-Ԗ.Ԑ
Thereof fleet management revenue	ԏԐ.ԑ	ԏԓ.ԏ	-ԏԖ.ԓ
Thereof sales revenue	ԏԗ.ԑ	ԏԗ.ԑ	-Ԏ.Ԑ
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	Ԏ.ԑ	Ԏ.Ԑ	ԑԗ.Ԓ
Earnings before taxes (EBT)	Ԏ.Ԑ	Ԏ.Ԑ	Ԓԕ.ԕ
Operating return on revenue (%)	ԏ.ԗ	ԏ.ԏ	+Ԏ.Ԗ Points

The increase in earnings before taxes (EBT) in the Fleet Management business unit resulted in particular from the decline in other operating expenses, especially IT and auditing and consulting costs.

ԏ.Ԓ Financial position

Equity development

As of 31 March 2023 Allane Mobility Group's equity totalled EUR 236.6 million. This represents an increase of EUR 1.4 million or 0.6% compared to the previous year (31 December 2022: EUR 235.3 million). The equity ratio decreased by 0.2 percentage points to 19.1% (31 December 2022: 19.3%), due to a higher balance sheet total than in the previous year. The increase of the balance sheet total primarily results from the higher level of lease assets compared to the previous year's end balance.

Liabilities development

As of 31 March 2023, the Allane Mobility Group reported non-current liabilities and provisions of EUR 564.9 million (31 December 2022: EUR 580.7 million; -2.7 %). The decline of EUR 15.7 million was mainly due to a decrease in noncurrent financial liabilities of EUR 17.2 million to EUR 512.5 million (31 December 2022: EUR 529.7 million; -3.3%). Noncurrent financial liabilities decreased mainly as a result of the reclassification from non-current to current financial liabilities under the Asset Backed Securities (ABS) program. However, the addition of further long-term loans from Santander Consumer Bank AG mitigated this effect.

Current liabilites and provisions as of 31 March 2023 totalled EUR 434.6 million (31 December 2022: EUR 402.4 million). The increase of EUR 32.2 million or 8.0% resulted particular from a EUR 42.7 million increase in current financial liabilities to EUR 320.8 million (31 December 2022: EUR 278.1 million). The increase in current liabilities is mainly due to the addition of further short-term loans from Santander Consumer Bank AG and the reclassification under the ABS program described above. In addition, accounts payable decreased by EUR 8.6 million or 12.3% to EUR 60.9 million (31 December 2022: EUR 69.4 million). Other liabilities have not changed compared to the previous year's end balance and remained at EUR 30.1 million (31 December 2022: EUR 30.1 million).

ԏ.ԓ Investments

In the first three months of 2023, the Allane Mobility Group added vehicles with a total value of EUR 116.5 million (Q1 2022: EUR 74.3 million; +56.9%) 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 first quarter of the 2023 financial year.

ԑ. Specific events

With regard to the overall economic development and the negative impact of a high inflation rate and a rising interest rate level, we 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 at present it is hard to give reliable estimates for the future regarding the actual long-term economic consequences, and that consequently the estimates and discretionary decisions are still subject to greater uncertainty.

Ԓ. Report on outlook

The Managing Board confirms the forecast published on 28 April 2023. Accordingly, the Managing Board 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).

In addition to the operating business development in the current financial year to date, this forecast takes into account the high level of interest and inflation rates as well as the expected gradual normalization of supply restrictions for new cars and the impact this may have on new and used car prices. Moreover, the Russia-Ukraine war is still ongoing after one year and could potentially have an additional impact on the European economies and the automotive market.

The Allane Mobility Group expects the market to continue to be negatively impacted by the aforementioned factors. However, the Company expects a positive development in new contracts and usage-based revenues due to additional cooperations in the Leasing business unit, particularly in the Captive Leasing business field. Allane expects that the positive business development will accelerate in the second half of 2023 due to the momentum of the described cooperations.

ԓ. Financial figures for Allane Mobility Group as of ԑԏ March ԐԎԐԑ

ԓ.ԏ Group income statement and statement of comprehensive income

Consolidated Income Statement

	Qԏ	Qԏ
in EUR thou.		ԐԎԐԐ
Revenue	ԏԖԖ,ԓԕԒ	ԏԖԗ,ԕԕԎ
Other operating income	Ԑ,ԏԏԔ	ԏ,ԑԑԐ
Fleet expenses and cost of lease assets	ԏԏԖ,ԑԖԔ	ԏԐԎ,ԖԕԐ
Personnel expenses	ԏԑ,ԓԖԐ	ԏԑ,ԕԗԏ
Net losses arising from the derecognition of financial assets	ԓԔԏ	ԔԖԏ
Net impairment losses (-)/gain (+) from financial assets	-ԒԐԕ	ԒԎԑ
Other operating expenses	ԕ,ԓԑԖ	Ԗ,ԓԖԗ
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	ԓԎ,ԏԗԓ	Ԓԕ,ԓԕԐ
Depreciation and amortisation	Ԓԑ,ԑԔԐ	Ԓԏ,ԗԗԓ
Earnings before interest and taxes (EBIT)	Ԕ,ԖԑԒ	ԓ,ԓԕԖ
Net finance costs	-Ԑ,ԑԗԑ	-ԏ,ԏԓԗ
Earnings before taxes (EBT)	Ԓ,ԒԒԎ	Ԓ,Ԓԏԗ
Income tax expense	ԏ,ԓԗԕ	ԏ,ԒԒԗ
Consolidated profit	Ԑ,ԖԒԑ	Ԑ,ԗԔԗ
Of which attributable to shareholders of Allane SE	Ԑ,ԖԒԑ	Ԑ,ԗԔԗ
Earnings per share – basic and diluted (in Euro)	Ԏ.ԏԒ	Ԏ.ԏԒ

Consolidated statement of comprehensive income

	Qԏ	Qԏ
in EUR thou.	ԐԎԐԑ	ԐԎԐԐ
Consolidated profit	Ԑ,ԖԒԑ	Ԑ,ԗԔԗ
Other comprehensive income (not recognised in the income statement)	-ԏ,ԒԕԐ	Ԑ,ԑԖԕ
Thereof components that could be reclassified to income statement in the future
Currency translation gains/losses	-ԏԔԕ	Ԗԑ
Change in derivative financial instruments designated as hedge accounting	-ԏ,Ԕԕԑ	Ԑ,ԗԓԑ
Related deferred taxes	ԑԔԖ	-ԔԓԎ
Total comprehensive income	ԏ,ԑԕԐ	ԓ,ԑԓԔ
Of which attributable to minority interests	-ԏ,ԑԎԓ	Ԑ,ԑԎԑ
Of which attributable to shareholders of Allane SE	Ԑ,Ԕԕԕ	ԑ,Ԏԓԑ

ԓ.Ԑ Group balance sheet

Assets
in EUR thou.	ԑԏ.Ԏԑ.ԐԎԐԑ	ԑԏ.ԏԐ.ԐԎԐԐ
Non-current assets
Goodwill	Ԓ,ԑԏԏ	Ԓ,ԑԎԖ
Intangible assets	ԏԗ,ԖԐԑ	ԏԗ,ԒԕԖ
Property and equipment	ԐԖ,ԐԔԓ	Ԑԗ,ԎԒԓ
Lease assets	ԏ,ԎԏԎ,ԓԓԓ	ԗԗԑ,ԏԗԐ
Financial assets	Ԑԕ	Ԑԕ
Other receivables and assets	Ԗ,ԗԓԔ	ԏԎ,ԒԒԔ
Deferred tax assets	ԕԕԎ	ԕԖԑ
Total non-current assets	ԏ,ԎԕԐ,ԕԎԓ	ԏ,Ԏԓԕ,Ԑԕԗ
Current assets
Inventories	ԑԕ,ԓԗԕ	ԑԗ,ԗԒԔ
Trade receivables	ԕԎ,ԔԎԎ	ԖԐ,Ԕԗԕ
Receivables from related parties	ԗԔԒ	ԔԒԕ
Other receivables and assets	ԑԏ,ԑԎԗ	ԑԏ,ԖԎԔ
Income tax receivables	Ԗԑԕ	ԖԎԗ
Bank balances	ԐԐ,ԏԑԗ	ԓ,ԏԔԖ
Total current assets	ԏԔԑ,ԒԒԕ	ԏԔԏ,ԎԕԒ
Total assets	ԏ,ԐԑԔ,ԏԓԐ	ԏ,ԐԏԖ,ԑԓԑ
Equity and liabilities
in EUR thou.	ԑԏ.Ԏԑ.ԐԎԐԑ	ԑԏ.ԏԐ.ԐԎԐԐ
Equity
Subscribed capital	ԐԎ,ԔԏԐ	ԐԎ,ԔԏԐ
Capital reserves	ԏԑԓ,ԎԒԓ	ԏԑԓ,ԎԒԓ
Other reserves	ԕԓ,ԎԒԕ	ԕԐ,ԑԕԎ
Minority interests	ԓ,ԗԑԔ	ԕ,ԐԒԏ
Total equity	ԐԑԔ,ԔԒԎ	Ԑԑԓ,ԐԔԖ
Non-current liabilities and provisions
Provisions for pensions	ԏԎԕ	ԏԎԖ
Other provisions	ԐԐԔ	ԐԐԔ
Financial liabilities	ԓԏԐ,ԒԕԔ	ԓԐԗ,ԕԏԎ
Other liabilities	ԏԔ,ԕԔԔ	ԏԓ,ԎԔԒ
Deferred tax liabilities	ԑԓ,ԑԓԗ	ԑԓ,ԓԕԑ
Total non-current liabilities and provisions	ԓԔԒ,ԗԑԒ	ԓԖԎ,ԔԖԏ
Current liabilities and provisions
Other provisions	Ԕ,Ԏԓԑ	Ԕ,ԗԎԎ
Income tax liabilities	Ԑ,ԎԖԒ	Ԑ,ԓԎԐ
Financial liabilities	ԑԐԎ,ԕԖԑ	ԐԕԖ,ԏԐԖ
Trade payables	ԔԎ,Ԗԓԕ	Ԕԗ,Ԓԑԏ
Liabilities to related parties	Ԑԓ	Ԗԗ
Contract Liabilities	ԏԒ,ԔԔԖ	ԏԓ,ԐԑԒ
Other liabilities	ԑԎ,ԏԎԖ	ԑԎ,ԏԏԗ
Total current liabilities and provisions	ԒԑԒ,ԓԕԖ	ԒԎԐ,ԒԎԑ
Total equity and liabilities	ԏ,ԐԑԔ,ԏԓԐ	ԏ,ԐԏԖ,ԑԓԑ

ԓ.ԑ Group cash flow statement

Qԏ	Qԏ
in EUR thou. ԐԎԐԑ	ԐԎԐԐ
Operating activities
Consolidated profit Ԑ,ԖԒԑ	Ԑ,ԗԔԗ
Income taxes recognised in income statement ԏ,ԒԑԎ	ԕԏԎ
Income taxes paid / received (net) -ԏ,Ԗԕԓ	-ԏ,Ԏԕԗ
Financial result recognised in income statementԏ Ԑ,ԑԗԑ	ԏ,ԏԓԖ
Interest received ԏ,ԔԐԒ	ԕԎ
Interest paid -Ԑ,ԎԖԖ	-ԑ,ԒԔԒ
Depreciation and amortisation Ԓԑ,ԑԔԐ	Ԓԏ,ԗԗԓ
Income from disposal of fixed assets -ԏԏ,ԒԎԒ	-ԏԏ,ԒԗԎ
Other (non-)cash expenses and income -ԓԔԐ	-ԓ,ԏԕԒ
Gross Cash flow ԑԓ,ԕԐԐ	Ԑԓ,Ԕԗԑ
Proceeds from disposal of lease assets ԕԎ,ԓԐԔ	ԕԑ,ԎԔԏ
thereof leasing assets ԕԎ,ԑԖԎ	ԕԐ,ԒԓԖ
thereof fixed assets ԏԒԔ	ԔԎԒ
Payments for investments in lease assets -ԏԏԔ,ԓԑԖ	-ԕԒ,Ԑԕԗ
Change in inventories Ԑ,ԑԓԎ	ԓ,ԑԖԕ
Change in trade receivables ԏԐ,ԎԗԔ	ԒԗԖ
Change in trade payables -Ԗ,ԓԕԓ	-Ԗ,ԓԑԖ
Change in other net assets ԏԔԒ	-Ԓ,ԏԖԐ
Net cash flows from/used in operating activities -Ԓ,Ԑԓԓ	ԏԕ,ԔԒԎ
Investing activities
Payments for investments in intangible assets and equipment -Ԑ,ԐԔԑ	-ԏ,ԎԔԔ
Net cash flows used in investing activities -Ԑ,ԐԔԑ	-ԏ,ԎԔԔ
Financing activities
Dividends paid -	-
Proceeds from bank loans (incl. ABS-transaction)Ԑ ԕԎ,ԎԎԎ	ԐԓԎ,ԎԎԎ
Payments made for redemption of bank loans (incl. ABS-transaction)ԑ -ԓԐ,ԗԖԓ	-ԐԗԐ,ԑԐԎ
Payments made for / proceeds from short-term financial liabilitiesԒ, ԓ, Ԕ Ԕ,ԓԎԎ	ԑԑ,ԑԎԎ
Net cash flows used in/from financing activities Ԑԑ,ԓԏԓ	-ԗ,ԎԐԎ
Net change in cash and cash equivalents ԏԔ,ԗԗԕ	ԕ,ԓԓԒ
Effect of exchange rate changes on cash and cash equivalents -ԐԒ	Ԓ
Cash and cash equivalents at ԏ January ԓ,ԏԔԖ	-Ԓԏԕ
Cash and cash equivalents at ԑԏ March ԐԐ,ԏԑԗ	ԕ,ԏԒԐ

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 70,000 thousand (2022: EUR 250,000 thousand).

³ Payments 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 20,000 thousand (2022: EUR 0 thousand).

4 Includes payments for redemption of financing for affiliated companies in the amount of EUR 30,000 thousand (2022: EUR 20,000 thousand).

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

⁶ This item was included in the cash flow statement for the first time in the third quarter of 2022. The previous year's figures were reported in the quarterly statement as of 30 September 2022 in the amount of TEUR 18,000 under proceeds from bank loans (incl. ABS transaction) and in the amount of TEUR 51,300 under payments for redemption of bank loans (incl. ABS transaction).

ԓ.Ԓ Additional financial information

Revenue

Revenue is broken down as follows:

Revenue

	Qԏ	Qԏ	Change
in EUR thou.	ԐԎԐԑ	ԐԎԐԐ	in %
Leasing Business Unit
Thereof leasing revenue (finance rate)	ԒԖ,ԕԓԖ	Ԓԕ,ԔԖԗ	Ԑ.Ԑ
Thereof other revenue from leasing business	ԑԓ,ԒԗԎ	ԑԑ,ԎԐԎ	ԕ.ԓ
Thereof sales revenue	ԕԐ,ԕԏԔ	ԕԒ,Ԕԏԏ	-Ԑ.ԓ
Total	ԏԓԔ,ԗԔԒ	ԏԓԓ,ԑԐԎ	ԏ.ԏ
Fleet Management Business Unit
Thereof fleet management revenue	ԏԐ,ԑԒԏ	ԏԓ,ԏԑԖ	-ԏԖ.ԓ
Thereof sales revenue	ԏԗ,ԐԔԖ	ԏԗ,ԑԏԐ	-Ԏ.Ԑ
Total	ԑԏ,ԔԎԗ	ԑԒ,ԒԓԎ	-Ԗ.Ԑ
Group total	ԏԖԖ,ԓԕԒ	ԏԖԗ,ԕԕԎ	-Ԏ.Ԕ

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.	Qԏ ԐԎԐԑ	Qԏ ԐԎԐԐ	Change in %
Selling expensesԏ	ԖԎ,ԖԓԔ	ԖԐ,ԑԐԑ	-ԏ.Ԗ
Repair, maintenance and reconditioning	ԏԖ,ԏԓԓ	ԏԖ,ԏԗԕ	-Ԏ.Ԑ
Fuel	ԏԎ,ԓԖԔ	ԏԏ,ԏԔԖ	-ԓ.Ԑ
Vehicle licenses and deregistration	ԏ,Ԕԑԓ	ԏ,ԐԖԏ	Ԑԕ.Ԕ
External rent expenses	ԏ,ԓԗԎ	ԏ,ԑԗԑ	ԏԒ.ԏ
Insurance	ԏ,Ԓԏԏ	Ԑ,ԏԓԔ	-ԑԒ.Ԕ
Taxes and dues	Ԗԏԗ	Ԗԑԕ	-Ԑ.ԑ
Vehicle return expenses	ԕԎԔ	ԖԏԐ	-ԏԑ.Ԏ
Transportation	Ԕԏԑ	ԔԔԐ	-ԕ.Ԓ
Radio license fees	ԑԔԕ	ԑԕԔ	-Ԑ.ԓ
Other expenses	ԏ,ԔԒԕ	ԏ,ԔԔԔ	-ԏ.ԏ
Group total	ԏԏԖ,ԑԖԔ	ԏԐԎ,ԖԕԐ	-Ԑ.ԏ

1 Includes expenses from write-downs on lease assets intended for sale

Depreciation and amortisation

Depreciation and amortisation are as follows:

Depreciation and amortisation

Group total	Ԓԑ,ԑԔԐ	Ԓԏ,ԗԗԓ	ԑ.ԑ
Intangible assets	ԏ,ԒԎԖ	ԏ,ԕԕԕ	-ԐԎ.Ԗ
Property and equipment	ԏ,Ԑԗԕ	ԏ,ԐԖԕ	Ԏ.Ԗ
Lease assets	ԒԎ,Ԕԓԕ	ԑԖ,ԗԑԏ	Ԓ.Ԓ
in EUR thou.	ԐԎԐԑ	ԐԎԐԐ	in %
	Qԏ	Qԏ	Change

Other operating expenses

Other operating expenses are broken down as follows:

Other operating expenses

Group total	ԕ,ԓԑԖ	Ԗ,ԓԖԗ	-ԏԐ.Ԑ
Miscellaneous expenses	ԗԎԐ	ԏ,ԑԓԕ	-ԑԑ.ԓ
Expenses for foreign currency translation	ԓԕԖ	ԏԖԎ	>ԏԎԎ
IT expenses	Ԑ,ԖԏԔ	Ԑ,ԓԗԎ	Ԗ.ԕ
Other personnel services	ԗԐԏ	ԕԑԖ	ԐԒ.ԗ
Audit, legal, advisory costs, and investor relations expenses	Ԕԓԓ	Ԑ,ԐԏԐ	-ԕԎ.Ԓ
Other selling and marketing expenses	ԏ,ԑԖԓ	ԏ,ԏԒԐ	Ԑԏ.ԑ
Expenses for buildings	ԐԖԎ	ԑԕԎ	-ԐԒ.ԓ
in EUR thou.	ԐԎԐԑ	ԐԎԐԐ	in %
	Qԏ	Qԏ	Change

Net finance costs

The net finance costs are as follows:

Net finance costs

Group total	-Ԑ,ԑԗԑ	-ԏ,ԏԓԗ	>ԏԎԎ
Other net financial income/loss	ԕ	ԕԎ	-Ԗԗ.Ԓ
Interest and similar expenses for related partiesԏ	-ԏ,ԗԖԑ	-ԓԗ	>ԏԎԎ
Interest and similar expenses	-ԒԖԎ	-ԏ,Ԑԑԗ	-Ԕԏ.Ԑ
Other interest and similar income from related parties	Ԓ	ԓ	-ԏԎ.ԕ
Other interest and similar income	ԓԗ	ԔԒ	-Ԗ.Ԓ
in EUR thou.	ԐԎԐԑ	ԐԎԐԐ	in %
	Qԏ	Qԏ	Change

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

Group segment reporting

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

By Business Unit	Leasing		Fleet Management		Reconciliation		Group
in EUR million	Qԏ ԐԎԐԑ	Qԏ ԐԎԐԐ	Qԏ ԐԎԐԑ	Qԏ ԐԎԐԐ	Qԏ ԐԎԐԑ	Qԏ ԐԎԐԐ	Qԏ ԐԎԐԑ	Qԏ ԐԎԐԐ
External revenue	ԏԓԕ.Ԏ	ԏԓԓ.ԑ	ԑԏ.Ԕ	ԑԒ.Ԓ	-	-	ԏԖԖ.Ԕ	ԏԖԗ.Ԗ
Internal revenue	Ԏ.Ԏ	Ԏ.Ԏ	Ԏ.Ԏ	-	-Ԏ.Ԏ	-Ԏ.Ԏ	-	-
Total revenue	ԏԓԕ.Ԏ	ԏԓԓ.Ԓ	ԑԏ.Ԕ	ԑԒ.Ԓ	-Ԏ.Ԏ	-Ԏ.Ԏ	ԏԖԖ.Ԕ	ԏԖԗ.Ԗ
Fleet expenses and cost of lease assets	Ԗԗ.ԑ	Ԗԗ.ԏ	Ԑԗ.ԏ	ԑԏ.Ԗ	-Ԏ.Ԏ	-Ԏ.Ԏ	ԏԏԖ.Ԓ	ԏԐԎ.ԗ
EBITDAԏ	Ԓԗ.ԗ	Ԓԕ.Ԓ	Ԏ.ԑ	Ԏ.Ԑ	-	-	ԓԎ.Ԑ	Ԓԕ.Ԕ
Depreciation and amortisation	Ԓԑ.ԑ	ԒԐ.Ԏ	Ԏ.Ԏ	Ԏ.Ԏ	-	-	Ԓԑ.Ԓ	ԒԐ.Ԏ
EBITԐ	Ԕ.Ԕ	ԓ.Ԓ	Ԏ.ԑ	Ԏ.Ԑ	-	-	Ԕ.Ԗ	ԓ.Ԕ
Net finance costs	-Ԑ.Ԓ	-ԏ.ԏ	-Ԏ.Ԏ	-Ԏ.Ԏ	-	Ԏ.Ԏ	-Ԑ.Ԓ	-ԏ.Ԑ
EBTԑ	Ԓ.Ԑ	Ԓ.ԑ	Ԏ.Ԑ	Ԏ.Ԑ	-	-	Ԓ.Ԓ	Ԓ.Ԓ

¹ Corresponds to earnings before interest, taxes, depreciation and amortisation (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 may not add up exactly to the totals shown and that the nine-month figures may not exactly result from adding up the individual quarterly figures. For the same reason, the percentage figures presented may not exactly reflect the absolute figures they relate to.

Pullach, 11 May 2023

Allane SE Managing Board

Contract Issuer

Investor Relations Allane Mobility-Group Allane SE Dr.-Carl-von-Linde-Straße 2 Dr.-Carl-von-Linde-Straße 2 82049 Pullach 82049 Pullach Germany Germany

Phone +49 89 / 70 80 81 610 ir@allane.com

Further websites https://www.sixt-leasing.de

Website Investor Relations https://ir.allane-mobility-group.com/