Allane SE

Interim / Quarterly Report • Aug 24, 2022

August 24, 2022

Allane SE Q2 2022 Update

Disclaimer

This presentation contains certain forward-looking statements relating to the business, financial performance and results of the Allane SE (together with its subsidiaries, the կCompanyհԽڒandՎorڒtheڒindustryڒinڒwhichڒtheڒCompanyڒoperatesսڒForward-looking statements, regardless if made orally or in writing, concern future circumstances ڒկplansռհڒկprojectsռհڒկintendsռհڒկpredictsռհڒկexpectsռհڒկbelievesռհڒwordsڒtheڒbyڒidentifiedڒsometimesڒfactsռڒhistoricalڒnotڒareڒthatڒstatementsڒotherڒandڒresultsڒand կestimatesռհڒկaimsռհڒկforeseesռհڒկanticipatesռհڒկtargetsռհڒandڒsimilarڒexpressionsսڒForward-looking 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 economicڒconditionsڒinڒtheڒCompanyիsڒtargetڒ markets, changes affecting interest rate levels, changes in competition levels, changes in laws and regulations, environmental damages, the potential impact of legal proceedingsڒandڒactionsڒandڒtheڒGroupիsڒabilityڒtoڒachieveڒoperationalڒsynergiesڒfromڒpastڒorڒfutureڒacquisitionsսڒTheڒCompany does not guarantee that the assumptions underlying forward-looking statements, regardless if made orally or in writing, are free from errors nor does it accept any responsibility for the future accuracy of opinions or any obligation to update the statements in this presentation to reflect subsequent events. Forward-looking statements are made only as of the date hereof. Neither the delivery of this 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 investors' 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 market Germany and/or in other Western European 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.

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 this 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, individual figures in this presentation may not always add up to the total figure.

The presentation is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person.

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A. KPIs and Highlights Q2 2022

B. Financials H1 2022

C. Outlook

D. New Strategy Program - Fast Lane 27

E. Appendix

ڒ000ռ119ڒwithڒ2022ڒ2Qڒofڒendڒasڒportfolioڒcontractڒs'GroupڒMobilityڒAllane contracts, 7.6% below end of 2021

Business development Q2 2022 – Contract portfolio and operating revenue below previous year, EBT above last year

	Q2 2022	Q4 2021	Change vs. FY 2021
Group contract portfolio1)	119,000	128,800	-7.6%
ƒ Online Retail	35,300	36,500	-3.5%
thereof Captive Leasing contracts	500	100	352%
ƒ Fleet Management	51,000	59,000	-13.5%
ƒ Fleet Leasing	32,700	33,300	-1.7%
Financials	H1 2022	H1 2021	Change vs. H1 2021
Operating revenue	EUR 193.3 m	EUR 194.2 m	-0.4%
EBITDA	EUR 92.9 m	EUR 95.7 m	-3.0%
EBT	EUR 6.9 m	EUR 2.6 m	+161.9%
Operating return on revenue	3.6%	1.4%	2.2pp

1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded

A.	KPIs and Highlights Q2 2022
B.	Financials H1 2022
C.	Outlook
D.	New Strategy Program - Fast Lane 27
E.	Appendix

EBT H1 2022 EUR 4.3 m above previous year, due to strong sales result for lease returns from increased selling prices and a recovery in future RVs

Allane Mobility Group Ք Key performance indicators 2018 to H1 20221)

1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded

2) Including leasing contracts, fleet management contracts, service contracts and order book (contracts for which the leased vehicle has not yet been delivered to the customer)

3) The sum of leasing revenue (i.e. the finance rate, being the financing portion, consisting of interest and depreciation, of the agreed lease instalment) and other revenue from leasing business of the Leasing business unit as well as fleet management revenue from the Fleet Management business unit

4) Ratio of earnings before taxes (EBT) to operating revenue

5) Earnings before interest, taxes, depreciation and amortisation

Group-EBT increases to EUR 6.9 m – Leasing business unit EUR 4.5 m above previous year, Fleet Management EUR 0.2 m below previous year

Allane Mobility Group Ք Development of EBT and business units H1 2018 Ք H1 20221)

1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded

2) Ratio of EBT to operating revenue

3) EBITDA = Earnings before interest, taxes, depreciation and amortization

Lease assets of approx. EUR 1.0 bn – Equity ratio up 1.2 ppts compared to 2021 (ACT), mainly due to a lower level of lease assets

Allane Mobility Group Ք Development of key balance sheet figures 2018 to H1 2022

1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded

2) Including liabilities to related parties until 2017

3) Bank balances / cash

Well balanced financing maturity profile – increased focus on funding from Santander Consumer Bank AG (SCB)

Allane Mobility Group Ք Maturities of financial liabilities as of 30 June 2022 [EUR m]

LIABILITIES1) FINANCIAL	2022	2023	2024	2025	2026+	Total
Asset backed securities (ABS) programme	81.8	139.3	83.8	25.2	1.9	332.0
SCB loans	50.0	70.0	100.0	70.0	100.0	390.0
Bank loans	33.4	-	-	-	-	33.4
Bonds2)	-	-	-	-	-	0.0
Finance leases and others	1.2	2.1	1.9	1.3	10.5	17.0
Total						772.4
Bank balances						2.5
Net debt						769.9

KEY FINANCING INSTRUMENTS

• ~ EUR 423 m bilateral credit lines from 3rd party banks with relevant share of long-term funding
• Bond has been fully repaid in 02/22

1) Nominal repayment amounts; excluding future accrued interest; due to rounding it is possible that individual figures may not exactly add up to the total amount

2) Bond 2018/22 is first bond under the debt issuance programme

A.	KPIs and Highlights Q2 2022
B.	Financials H1 2022
C.	Outlook
D.	New Strategy Program - Fast Lane 27
E.	Appendix

Cautious reviewed forecast for 2022 confirmed, esp. taking into account the operating business development to date and environment situation

	2022	2021
Contract portfolio
Group	In a range between 110,000 and 130,000 contracts	128,800 contracts
Financials
Operating revenue	In a range between EUR 350 m and EUR 400 m	EUR 386.0 m
EBT	Higher single-digit million euro amount	EUR 6.1 m

• Allane assumes that, in addition to the operating business development in the current financial year to date, the market and business environment for new contracts and usage-based revenues will continue to be negatively impacted by the ongoing COVID-1ԚڒsituationռڒtheڒnewڒcarڒsupplyڒrestrictionsڒdueڒtoڒtheڒsemiconductorիsڒshortageռڒandڒtheڒpotentialڒimpactڒofڒtheڒUkraineڒwar.
• However, for the second half of 2022, the company expects a slight recovery in the business development of new contracts and usage-based sales due to a normalization of the Corona pandemic and an improved supply of new cars after the summer, while the impact of the Ukraine situation on European economies remains uncertain.
• In addition, consolidated earnings are still burdened in the 2022 financial year by transaction-related costs in connection with the takeover of the Company by HCBE

12

A.	KPIs and Highlights Q2 2022
B.	Financials H1 2022
C.	Outlook
D.	New Strategy Program - Fast Lane 27
E.	Appendix

FAST LANE 27

Our new business strategy.

Creating higher added value for customers, partners, employees, and shareholders.

FAST LANE 27 will set the basis for future growth վ

Targeted extension of the business model, e.g. Captive Leasing, On-Site Retail, Remarketing as a Service etc.

Flexible offerings and strong product portfolio: e. g. used car leasing and stand-alone service products

Creation of electro mobility excellence and establishment of comprehensive EV solutions

Expansion of Captive Leasing via new partners and geographies

ڒtoڒtargetڒtheڒwithڒվ make mobility easy in everyڒwayڒվ

FAST LANE 27 builds on the existing market position, competencies and business fields Ք adding services and value:

more offerings

more innovation

more cooperation

more internationalization

more sustainability

վڒandڒbecomeڒtheڒleadingڒmulti-brand provider of comprehensive mobility solutions.

Contact details

Dr.-Carl-von-Linde-Str. 2 T: +49 89 7080 81 610 82049 Pullach Email: ir@allane.com Germany

ADDRESS INVESTOR RELATIONS

Allane SE Allane SE

A.	KPIs and Highlights Q2 2022
B.	Financials H1 2022
C.	Outlook
D.	New Strategy Program - Fast Lane 27
E.	Appendix

Allane Mobility Group: Revenue and earnings performance H1 20221)

in EUR million	H1 2022	H1 2021	Change in %
Operating revenue	193.3	194.2	-0.4%
Sales revenue	177.9	173.1	2.8%
Consolidated revenue	371.2	367.3	1.1%
thereof Leasing business unit	303.6	313.7	-3.2%
thereof Fleet Management business unit	67.7	53.6	26.3%
Fleet expenses and cost of lease assets	234.2	234.6	-0.2%
Personnel expenses	25.8	24.7	4.4%
Net other operating income/expense	-18.3	-12.2	49.6%
EBITDA	92.9	95.7	-3.0%
Depreciation and amortisation	84.4	89.6	-5.8%
Net finance costs	-1.6	-3.5	-54.8%
EBT	6.9	2.6	161.9%
Operating return on revenue2)	3.6%	1.4%	+2.2 points
Income tax	2.1	0.8	167.5%
Consolidated profit	4.8	1.9	150.0%
Earnings per share (in EUR)	0.23	0.09	155.6%

1) Due to rounding it is possible that selected figures do not add up to the overall amount recorded

2) Ratio of EBT to operating revenue