Allane SE

Annual Report • Apr 29, 2022

ڑʹ̻̇ͅžɤڑ˓Ǹ˷˷- 2021

TheڒAllaneڒMobilityڒGroupڒinڒFigures

			ڒChange ڒonڒԣԡԣԢ
inڒEURڒmillionڒ	ԣԡԣԢ	ԣԡԣԡ	ԣԡԣԡڒinڒٝ	ԣԡԢԪ
Revenueڒ	Ԩ ԥԡ	Ԩԥԩ	ԼԢօԡԽ	ԩԣԥ
ڒ Thereofڒoperatingڒrevenueڒ	Ԥԩԧ	ԥԣԤ	ԼԩօԩԽ	ԥԧԩ
ڒ ڒ ThereofڒLeasingڒbusinessڒunitڒ	ԤԤԤ	ԤԨԤ	ԼԢԡօԩԽ	ԥԢԧ
ڒ ڒ ThereofڒFleetڒManagementڒbusinessڒunitڒ	Ԧ Ԥ	Ԧԡ	ԧօԥ	ԦԤ
ڒ Thereofڒsalesڒrevenueڒ	ԤԦԥ	Ԥԣԥ	Ԫօԣ	ԤԦԧ
ڒڒ EarningsڒbeforeڒinterestքڒtaxesքڒdepreciationڒandڒamortisationڒԼEBITDAԽڒ	ڒ Ԣԩԥ	ԣԢԢ	ԼԢԤօԡԽ	ԣԤԤ
EarningsڒbeforeڒinterestڒandڒtaxesڒԼEBITԽڒ	ԢԤ	ԣԡ	ԼԤԦօԨԽ	ԥԢ
EarningsڒbeforeڒtaxesڒԼEBTԽڒ	ԧ	Ԫ	ԼԤԣօԨԽ	ԣԪ
OperatingڒreturnڒonڒrevenueڒԼinڒٝԽԢڒ	Ԣօԧ	ԣօԣ	ԼԡօԧԽڒPoints	ԧօԤ
OperatingڒreturnڒonڒrevenueڒLeasingڒbusinessڒunitڒԼinڒٝԽԢڒ	ԢօԨ	ԢօԨ	ԡօԡڒPoints	ԧօԢ
OperatingڒreturnڒonڒrevenueڒFleetڒManagementڒbusinessڒunitڒԼinڒٝԽԢڒ	ԡօԩ	Ԧօԩ	ԼԦօԡԽڒPoints	Ԩօԣ
Consolidatedڒprofitڒ	ԧ	ԣ	ԢԧԩօԨ	ԣԣ
EarningsڒperڒshareڒՒڒbasicڒandڒdilutedڒԼinڒEURԽڒ	ԡօԣԩ	ԡօԢԢ		Ԣօԡԥ
ڒڒ Totalڒassetsڒ	ڒ ԢքԢԪԦ	ԢքԣԪԧ	ԼԨօԩԽ	ԢքԤԣԪ
Leaseڒassetsڒ	ԦԪԪ	ԢքԡԪԤ	ԼԪօԡԽ	ԢքԢԣԡ
Equityڒ	ԣԣԡ	ԣԢԤ	Ԥօԥ	ԣԣԪ
EquityڒratioڒԼinڒٝԽڒ	Ԣԩօԥ	Ԣԧօԥ	ԣօԡڒpoints	ԢԨօԣ
Financialڒliabilitiesԣڒ	ԩ ԡԦ	ԪԤԧ	ԼԢԥօԡԽ	Ԫԥԩ
ڒڒ DividendڒperڒshareڒԼinڒEURԽԤڒ	ڒ ԡօԡԧ	ԡօԡԣ	ԼԪԨօԩԽ	ԡօԪԡ
Totalڒdividendքڒnetڒ	Ԣօԣ	ԡօԥ	ԼԪԨօԩԽ	Ԣԩօԧ
ڒڒ ContractڒportfolioڒԼinڒthouօԽڒ	ڒ ԢԣԪ	ԢԤԡ	ԼԡօԩԽ	ԢԤԧ
ڒ ThereofڒFleetڒLeasingڒ	ԤԤ	Ԥԩ	ԼԢԢօԪԽ	ԥԡ
ڒ ThereofڒOnlineڒRetailڒ	Ԥԧ	ԤԪ	ԼԦօԨԽ	ԥԥ
ڒ ThereofڒFleetڒManagementڒ	ԪԦ	Ԧ Ԥ	ԢԡօԤ	ԦԢ
ڒڒ Investmentsڒinڒleaseڒassetsԥڒ	ڒ ԤԢԦ	ԥԤԡ	ԼԣԧօԩԽ	ԥԡԨ
NumberڒofڒemployeesԦڒ	Ԩ ԢԦ	ԧԪԤ	Ԥօԣ	ԧԥԤ

1 ڒrevenueڒoperatingڒtoڒEBTڒofڒRatio ڒ

2 ڒliabilitiesڒleaseڒfinanceڒincludingڒliabilitiesռڒfinancialڒnonՒcurrentڒandڒCurrent ڒ

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ڒdirectڒonlineڒinڒproviderڒleadingڒaڒisڒMunichڒnearڒPullachڒinڒbasedڒSEڒAllane ڒandڒmanagementڒtheڒinڒspecialistڒasڒwellڒasڒGermanyڒinڒvehiclesڒnewڒofڒsales ڒcompanyڒtheڒsolutionsռڒtailorՒmadeڒWithڒfleetsսڒlargeڒofڒleasingڒfullՒservice ڒڒcustomersսڒcorporateڒandڒprivateڒitsڒofڒmobilityڒlongerՒtermڒtheڒenables

ڒsixtՒneuwagenսdeڒplatformsڒonlineڒtheڒuseڒcustomersڒcommercialڒandڒPrivate andڒautohaus2ԔսdeڒtoڒleaseڒnewڒvehiclesڒaffordablyսڒCorporateڒcustomersڒbenՒ ڒfleetڒefficientڒfromڒandڒfleetڒvehicleڒtheirڒofڒleasingڒcostՒsavingڒtheڒfromڒefit ڒmanagementս

Toڒourڒshareholdersڒ	Ԕ
Aս1ڒՔڒLetterڒtoڒshareholdersڒ	Ԕ
Aս2ڒՔڒReportڒofڒtheڒsupervisoryڒBoardڒ	Ԛ
Aսԓ AllaneڒՔڒ SEڒ ڒshareڒ	12
AսԔڒՔڒSustainabilityڒ	1ԕ
Management ڒ ڒReport ڒtheڒon situation theڒofڒ groupڒ andڒ ڒtheڒ company ڒ	22
ڒ1Bս ڒGroupڒՔ Fundamentals ڒ	22
Bս2ڒՔڒBusinessڒReportڒڒ	2ԗ
BսԓڒՔڒHumanڒResourcesڒReportڒ	ԓԘ
BսԔڒՔڒDisclosuresڒinڒaccordanceڒwithڒsectionsڒ2ԙԚaڒandڒԓ1ԕaڒofڒtheڒHGBڒ	Ԕ2
BսԕڒՔڒReportڒonڒOutlookڒ	Ԕԕ
BսԗڒՔڒReportڒonڒRisksڒandڒOpportunitiesڒ	ԔԚ
BսԘڒՔڒNonՒfinancialڒdeclarationڒinڒaccordanceڒwithڒsectionsڒ2ԙԚbڒtoڒeڒandڒԓ1ԕbڒandڒcڒڒ ofڒtheڒHGBڒ	ԗԕ
BսԙڒՔڒDependentڒcompanyڒreportڒ	ԗԕ
BսԚڒՔڒAdditionalڒinformationڒforڒAllaneڒSEڒԼpursuantڒtoڒtheڒHGBԽڒ	ԗԗ
Bս10ڒՔڒCorporateڒgovernanceڒdeclarationڒinڒaccordanceڒwithڒsectionsڒ2ԙԚfڒandڒԓ1ԕdڒڒ
ofڒtheڒHGBڒ	ԗԙ
Consolidatedڒfinancialڒstatementڒ	Ԙԙ
Cս1ڒՔڒConsolidatedڒincomeڒstatementڒandڒstatementڒofڒcomprehensiveڒincomeڒ	ԘԚ
Cս2ڒՔڒConsolidatedڒbalanceڒsheetڒ	ԙ0
CսԓڒՔڒConsolidatedڒcashڒflowڒstatementڒ	ԙ1
CսԔڒՔڒConsolidatedڒstatementڒofڒchangesڒinڒequityڒ	ԙ2
CսԕڒՔڒNotesڒtoڒtheڒconsolidatedڒfinancialڒstatementsڒ	ԙԓ
FurtherڒInformationڒ	12ԗ
Dս1ڒՔڒResponsibilityڒStatementڒ	12Ԙ
Dս2ڒՔڒIndependentڒauditorիsڒreportڒ	12ԙ
DսԓڒՔڒBalanceڒsheetڒ	1ԓԔ
DսԔڒՔڒIncomeڒstatementڒ	1ԓԗ
DսԕڒՔڒFinancialڒcalendarڒ	1ԓԘ
ڒ ڒ

Annual Report 2021 2

ƙ̇ڑ̇ͅڑͣʔǸͅɤʔ̇˓ɒɤͣͅ

• աڑĘɤʹʹɤͅڑʹ̇ڑͣʔǸͅɤʔ̇˓ɒɤͣͅ A.1
• աڑžɤ̻̇ͅʹڑ̇ʅڑʹʔɤڑ̻ͣɤͅΤʧͣ̇ͅζڑȿ̇Ǹͅɒ A.2
• աڑ-˓˓Ǹ˷ɤڑͣʔǸͅɤ A.3
• աڑƋͣʹǸʧ˷Ǹȿʧ˓ʧʹζ A.4

Aս1ڒՔڒLe tte rڒ toڒsha reholde rs

ڒshareholdersռڒDear

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ڒԼCEOԽڒShinڒDonglim

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Donglim	ڒÁlvaroڒڒڒڒڒ
Shinڒ	Hernández
ڒڒڒڒڒڒڒڒڒڒڒڒڒ	ڒ
ڒڒڒڒڒڒ ڒCEO ڒڒڒڒڒڒڒڒڒڒڒڒڒڒڒڒڒ	ڒCFOڒڒڒڒڒڒڒڒ

¡ʧʊʔ˓ʧʊʔʹͣڑԐԎԐԏՍԐԐ

Å˷ڑԐԎԐԏջڑΨɤڑ̻̇ɤ˷ɤɒڑǸڑ˷ɤΨڑɆʔǸ̻ʹɤͅڑʧ˷ڑ̇ͅڑʔʧͣʹ̇ͅζڑȿζڑͅɤ˷Ǹ˰ʧ˷ʊڑ ̇ͣͅɤ˓Τɤͣڑ-˓˓Ǹ˷ɤڑƋ_ڑ̇ͅڑ-˓˓Ǹ˷ɤڑģ̇ȿʧ˓ʧʹζڑ̻̇ͅڑՓڑǸ˷ɒڑǸ˓ͣ̇ڑǸɆʔʧɤΤɤɒڑ ͣɤΤɤͅǸ˓ڑ˰ʧ˓ɤͣʹ̇˷ɤͣڑʧ˷ڑʹʔɤڑɒʧʊʧʹǸ˓ʧͣǸʹʧ̇˷ڑ̇ʅڑ̇ͅڑȿͣʧ˷ɤͣͣڑ˰̇ɒɤ˓ռڑÅ˷ڑ ԐԎԐԐջڑΨɤڑΨǸ˷ʹڑʹ̇ڑɆ̇˷ʹʧ˷ɤڑ̇˷ڑʹʔʧͣڑ̻Ǹʹʔռ

žɤǸ˓ʧʊ˷˰ɤ˷ʹڑ̇ʅ Ǹʹ̇ʔǸͣԐԓ

Ǹʹ̇ʔǸͣԐԓڑʊɤʹͣڑǸڑɆ̇˰̻˓ɤʹɤ˓ζڑ˷ɤΨڑȿͅǸ˷ɒڑʧɒɤ˷ʹʧʹζڑǸ˷ɒڑ̻̇ɤ˷ͣڑʧʹͣڑ ̇Ψ˷ڑ˓̇ɆǸʹʧ̇˷ͣڑʧ˷ڑͅǸ˷ˋʅͅʹջڑAɤͅ˓ʧ˷ڑǸ˷ɒڑģ˷ʧɆʔڑʅ̇ͅڑʹʔɤڑʅʧͣͅʹڑʹʧ˰ɤڑʧ˷ڑ ̇ͅɒɤͅڑʹ̇ڑɤα̻Ǹ˷ɒڑʧʹͣڑͣɤɒڑɆǸͅڑȿͣʧ˷ɤͣͣڑ̇ʅʅ˓ʧ˷ɤڑǸͣڑΨɤ˓˓ռ

DžɤʔʧɆ˓ɤڑʔǸ˷ɒ̇ΤɤͅڑǸ˷ɒ return 2.0

-˓˓Ǹ˷ɤڑģ̇ȿʧ˓ʧʹζڑ̻̇ͅڑ̻̇ʹʧ˰ʧͣɤͣڑΤɤʔʧɆ˓ɤڑ ʔǸ˷ɒ̇ΤɤͅڑǸ˷ɒڑͅɤʹͅ˷ڑǸʹڑʧʹͣڑ˓̇ɆǸʹʧ̇˷ͣڑʧ˷ڑ ͅǸ˷ˋʅͅʹջڑAɤͅ˓ʧ˷ڑǸ˷ɒڑģ˷ʧɆʔռڑ-˓˓ڑ˓̇ʊʧͣʹʧɆͣڑ ̻̇ͅɆɤͣͣɤͣڑΨʧ˓˓ڑȿɤڑͅɤɆ̇ͅɒɤɒڑɒʧʊʧʹǸ˓˓ζڑʅ̇ͅ˰ڑ ˷̇Ψڑ̇˷ռ

TʧʊʧʹǸ˓ڑ̇ͅɒɤͅʧ˷ʊڑ̻̇ͅɆɤͣͣ

-˓˓Ǹ˷ɤڑģ̇ȿʧ˓ʧʹζڑ̻̇ͅڑʧ˷ʹ̇ͅɒɆɤͣڑǸڑ Ɇ̇˰̻˓ɤʹɤ˓ζڑɒʧʊʧʹǸ˓ڑ̇ͅɒɤͅʧ˷ʊڑ̻̇ͅɆɤͣͣڑʅ̇ͅڑ ̻ͅʧΤǸʹɤڑɆͣʹ̇˰ɤͣͅڑ̇˷ڑʧʹͣڑ̇˓˷ʧ˷ɤڑ̻˓Ǹʹʅ̇ͅ˰ڑ ͣʧαʹՑ˷ɤΨǸʊɤ˷ռɒɤջڑʹǸˋʧ˷ʊڑʹʔɤڑɆͣʹ̇˰ɤͅڑ ˃̇ͅ˷ɤζڑʹ̇ڑʹʔɤڑ˷ɤαʹڑ˓ɤΤɤ˓ռ

_αɆɤ˓˓ɤ˷ʹڑ̇ʅʅɤͅʧ˷ʊ

ͣʧαʹՑ˷ɤΨǸʊɤ˷ռɒɤڑǸ˷ɒڑǸʹ̇ʔǸͣԐԓռ ɒɤڑǸͅɤڑ˷Ǹ˰ɤɒڑթɤͅ˰Ǹ˷ζͣڑAɤͣʹڑŀ˷˓ʧ˷ɤڑ Ŷ̇ͅʹǸ˓ͣڑԐԎԐԏժڑʧ˷ڑʹʔɤڑɆǸʹɤʊ̇ͅζڑթīɤΨڑIǸͅڑ Ŷ̇ͅʹǸ˓ͣժڑȿζڑ˷ՑʹΤڑǸ˷ɒڑʹʔɤڑɤͅ˰Ǹ˷ڑÅ˷ͣʹʧʹʹɤڑ ʅ̇ͅڑƋɤͅΤʧɆɤڑŽǸ˓ʧʹζռڑ

ƋǸ˓ɤͣڑɆ̻̇̇ɤͅǸʹʧ̇˷ڑΨʧʹʔڑĘʧɒ˓

ƋʧαʹڑīɤΨǸʊɤ˷ջڑĘʧɒ˓ڑǸ˷ɒڑDžɤʔʧɆ˓˰ڑ˃̇ʧ˷ʹ˓ζڑ˰Ǹͅˋɤʹڑʹʔͅɤɤڑ̻̻̇˓Ǹͅڑ ˷ɤΨڑɆǸͅڑ˰̇ɒɤ˓ͣڑʅ̇ͅ˰ڑĎʧǸڑǸ˷ɒڑžɤ˷Ǹ˓ʹڑǸʹڑǸʹʹͅǸɆʹʧΤɤڑɆ̇˷ɒʧʹʧ̇˷ͣڑ̇˷ڑ ʹʔɤڑÅ˷ʹɤͅ˷ɤʹռ

Ƌ̻ɤɆʧǸ˓ڑ̇ʅʅɤͅڑA˓ǸɆˋڑĘɤǸͣʧ˷ʊڑͅʧɒǸζ

ƋʧαʹڑīɤΨǸʊɤ˷ڑ̻ǸͅʹʧɆʧ̻Ǹʹɤͣڑʧ˷ڑʹʔɤڑȿʧʊʊɤͣʹڑȿǸͅʊǸʧ˷ڑɒǸζڑ̇ʅڑʹʔɤڑζɤǸͅڑ Ψʧʹʔڑʹʔɤڑ̻ͣɤɆʧǸ˓ڑ̻̇ͅ˰̇ʹʧ̇˷ڑթA˓ǸɆˋڑĘɤǸͣʧ˷ʊڑͅʧɒǸζժջڑ̇ʅʅɤͅʧ˷ʊڑǸɒɒʧʹʧ̇˷Ǹ˓ڑ ɒʧͣɆ̇˷ʹͣڑ̇˷ڑͣɤ˓ɤɆʹɤɒڑ˷ɤΨڑɆǸͅڑ˰̇ɒɤ˓ͣռ

Annual Report 2021 7

_˓ɤɆʹ̇ͅ˷ʧɆڑTͅʧΤɤͅժͣ ĘʧɆɤ˷ɆɤڑIʔɤɆˋ

ƙʔɤڑͣ˰Ǹͅʹ̻ʔ̇˷ɤڑǸ̻̻ڑթƙʔɤڑİ˰̻Ǹ˷ʧ̇˷ժڑ ʅ̇ͅ˰ڑƋʧαʹڑģ̇ȿʧ˓ʧʹζڑİ˷ͣ˓ʹʧ˷ʊڑʧͣڑ̻ɒǸʹɤɒڑ ΨʧʹʔڑʹʔɤڑթTͅʧΤɤͣͅIʔɤɆˋժռڑƙʔʧͣڑɤ˷Ǹȿ˓ɤͣڑ Ɇ̇˰̻Ǹ˷ζڑɆǸͅڑɒͅʧΤɤͣͅڑʹ̇ڑɆǸͅͅζڑ̇ʹڑͅɤʊ˓Ǹͅڑ ɒͅʧΤɤͣͅڑ˓ʧɆɤ˷ɆɤڑɆʔɤɆˋͣڑ̇˷ڑʹʔɤʧͅڑ̇Ψ˷ռ

īɤΨڑɆ̇˰̻Ǹ˷ζڑ˷Ǹ˰ɤջڑ˷ɤΨڑ˰ȿͅɤ˓˓ǸڑȿͅǸ˷ɒջ ˷ɤΨڑģǸ˷Ǹʊʧ˷ʊڑȦǸͅɒ

ƋʧαʹڑĘɤǸͣʧ˷ʊڑƋ_ڑʧͣڑͅɤ˷Ǹ˰ɤɒڑ-˓˓Ǹ˷ɤڑƋ_ڑǸ˷ɒڑ-˓˓Ǹ˷ɤڑģ̇ȿʧ˓ʧʹζڑ̻̇ͅڑ ʧͣڑʧ˷ʹ̇ͅɒɆɤɒڑǸͣڑǸڑ˷ɤΨڑ˰ȿͅɤ˓˓ǸڑȿͅǸ˷ɒռڑṪ˷ʊ˓ʧ˰ڑƋʔʧ˷ڑȿɤɆ̇˰ɤͣڑ IʔǸʧͅ˰Ǹ˷ڑ̇ʅڑʹʔɤڑģǸ˷Ǹʊʧ˷ʊڑȦǸͅɒڑǸ˷ɒڑ˓ΤǸ̇ͅڑ¡ɤͅ˷ǹ˷ɒɤύڑIʔʧɤʅڑ ʧ˷Ǹ˷ɆʧǸ˓ڑŀʅʅʧɆɤͅռ

Å˷˷̇ΤǸʹʧΤɤڑ˓ɤɤʹڑģǸ˷Ǹʊɤ˰ɤ˷ʹ

-˓˓Ǹ˷ɤڑģ̇ȿʧ˓ʧʹζڑ̻̇ͅڑ˓Ǹ˷ɆʔɤͣڑʹʔɤڑɒʧʊʧʹǸ˓ڑǸ˷Ǹ˓ζͣʧͣڑʹ̇̇˓ڑ թ˓ɤɤʹÅ˷ʹɤ˓˓ʧʊɤ˷ɆɤժռڑƙʔɤڑɆ˓̇ɒڑǸ̻̻˓ʧɆǸʹʧ̇˷ڑɤ˷Ǹȿ˓ɤͣڑʅ˓ɤɤʹڑ˰Ǹ˷Ǹʊɤͣͅڑ ʹ̇ڑǸ˷Ǹ˓ζͣɤڑʹʔɤʧͅڑʅ˓ɤɤʹڑ́ʧɆˋ˓ζջڑɤǸͣʧ˓ζڑǸ˷ɒڑͣɤɆͅɤ˓ζռ

žɤɆ̇ͅɒڑʅ˷ɒʧ˷ʊڑʅ̇ͅڑʔζɒ̇ͅʊɤ˷ڑɆǸͣͅ

-˓˓Ǹ˷ɤڑģ̇ȿʧ˓ʧʹζڑ̻̇ͅڑͅɤɆɤʧΤɤͣڑǸڑͅɤɆ̇ͅɒڑͣ˰ڑ̇ʅڑ̻ڑʹ̇ڑ_ƥžڑԏԏռԓڑ ˰ʧ˓˓ʧ̇˷ڑʅ̇ͅ˰ڑʹʔɤڑɤͅ˰Ǹ˷ڑʊ̇Τɤͅ˷˰ɤ˷ʹڑʹ̇ڑ̻̇ͅ˰̇ʹɤڑʹʔɤڑ˰Ǹͅˋɤʹʧ˷ʊڑ̇ʅڑ ̻ڑʹ̇ڑԘԎԎڑ˰̇ɒɤ˓ͣڑ̇ʅڑʹʔɤڑ¡ζ˷ɒǸʧڑī_Ǐŀڑʔζɒ̇ͅʊɤ˷ڑɆǸͅڑΤʧǸڑɒɤǸ˓ɤͣͅռ

İ̻̇ɤͅǸʹʧ̇˷ڑΨʧʹʔڑƥƙŀԏռɆ̇˰

-˓˓Ǹ˷ɤڑģ̇ȿʧ˓ʧʹζڑ̻̇ͅڑ˓Ǹ˷ɆʔɤͣڑǸڑɆ̻̇̇ɤͅǸʹʧ̇˷ڑΨʧʹʔڑƥƙŀԏռɆ̇˰ջڑ ̇ʅʅɤͅʧ˷ʊڑ˰̇ͅɤڑʹʔǸ˷ڑԏԎջԎԎԎڑʔʧʊʔՑ́Ǹ˓ʧʹζڑ˓ɤǸͣɤڑͅɤʹͅ˷ͣڑǸ˷ɒڑʅ˓ɤɤʹڑ ΤɤʔʧɆ˓ɤͣڑ̻ɤͅڑζɤǸͅڑ̇˷ڑ_̻̇ͅɤͣڑ˓ǸͅʊɤͣʹڑʹͅǸɒʧ˷ʊڑ̻˓Ǹʹʅ̇ͅ˰ڑʅ̇ͅڑͣɤɒڑɆǸͣͅռڑ

īɤΨڑɆǸͅڑɆ̇˷ʅʧʊͅǸʹʧ̇˷ڑ̇˷ڑǸʹ̇ʔǸͣԐԓռɒɤ

ƙʔɤڑʧ˷ʹ̇ͅɒɆʹʧ̇˷ڑ̇ʅڑʹʔɤڑɆ̇˰̻˓ɤʹɤ˓ζڑͅɤΤǸ˰̻ɤɒڑ˷ɤΨڑɆǸͅڑɆ̇˷ʅʧʊͅǸʹ̇ͅڑ ̇˷ڑǸʹ̇ʔǸͣԐԓռɒɤڑͣʧʊ˷ʧʅʧɆǸ˷ʹ˓ζڑʧ˰̻̇ͅΤɤͣڑʹʔɤڑɆͣʹ̇˰ɤͅڑɤα̻ɤͅʧɤ˷Ɇɤڑ Ǹ˷ɒڑͣɆɆɤͣͣʅ˓˓ζڑɆ̇˰̻˓ɤʹɤͣڑʹʔɤڑͅɤ˓Ǹ˷Ɇʔڑ̇ʅڑʹʔɤڑΨɤȿͣʧʹɤռ

Annual Report 2021 8

Aս2ڒՔڒReportڒofڒtheڒsupervisoryڒBoard

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DividendڒperڒshareڒԼEURԽڒ	ԡօԡԧԢ	ԡօԡԣԢڒ
Number sharesڒofڒ ڒԤԢڒatڒԼasڒ
DecemberԽڒ	ԣԡքԧԢԢքԦԪԤ	ԣԡքԧԢԢքԦԪԤ
TotalڒdividendڒԼEURڒmillionԽڒ	Ԣօԣ	ԡօԥ
PayՒoutڒratioڒ	ԣԢٝ	ԢԪٝ

ڒadministrationڒbyڒProposal ڒ

1

	ԣԡԣԢ	ԣԡԣԡ
HighڒԼEURԽԣ	ԢԨօԪԡ	ԢԩօԪԡ
LowڒԼEURԽԣ	ԢԦօԡԥ	ԢԢօԦԥ
YearՒendڒpriceڒԼEURԽԣ	ԢԦօԧԧ	ԢԦօԤԡ
DividendڒyieldڒԼٝԽԤ	ԡօԤԧ	ԡօԢ
ڒMarket capitalisation ԼEURڒ ڒmillionԽԤڒ
asڒatڒԤԢڒDecemberڒ	Ԥԣԣօԩ	ԤԢԦօԥ

2 ڒpricesڒclosingڒXetraڒtoڒreferڒpricesڒAll ڒ

ڒpriceڒyearՒendڒXetraڒonڒBased ڒԓ

ڒcapitalڒtheڒwithڒCommunication ڒmarket

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ڒ ڒ

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AսԔڒڒSustainability

Ԣօ SustainabilityڒatڒAllaneڒ

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ԢօԢ Materialityڒ

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Ԣօԣ ManagementڒApproachڒ

ڒprincipleڒtheڒintegrateڒtoڒobjectiveڒdeclaredڒAllaneիsڒisڒIt ofڒsustainableڒdevelopmentڒintoڒitsڒentrepreneurialڒdeՒ cisionՒmakingڒproceduresڒinڒtheڒlongڒrunսڒTheڒComՒ ڒandڒstructuresڒorganisationalڒitsڒusesڒpanyիs governanceڒprocessesڒtoڒpromoteڒandڒcontrolڒresponՒ sibleڒentrepreneurialڒactionsռڒfromڒstrategyڒdevelopՒ ڒAllaneڒwayռڒThisڒimplementationսڒtoڒthroughڒment systematicallyڒandڒconsistentlyڒadheresڒtoڒsustainabilՒ ityڒissuesڒinڒallڒitsڒbusinessڒactivitiesڒandڒacrossڒallڒhiՒ ڒڒlevelsսڒerarchical

ڒforڒresponsibilityڒoverallڒholdsڒBoardڒManagingڒThe ڒthatڒsoڒcourseڒtheڒsetsڒitڒasڒmanagementռڒsustainability corporateڒpolicyڒmeetsڒtheڒrequirementsڒofڒsociallyڒreՒ ڒapprovesڒitڒbecauseڒandڒdealingsռڒbusinessڒsponsible ڒTheڒprogrammesսڒandڒstrategiesڒcorrespondingڒthe ڒdepartmentsڒprofessionalڒandڒunitsڒbusinessڒvarious ڒtheڒretrieveڒandڒmeasuresڒsustainabilityڒtheڒimplement sustainabilityڒdataڒagainstڒtheڒbackgroundڒofڒtheirڒreՒ ڒfieldsսڒtaskڒandՎorڒactivitiesڒbusinessڒcoreڒspective

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OverڒandڒaboveڒstatutoryڒrequirementsռڒAllaneիsڒsusՒ ڒsupportڒadditionalڒreceivesڒmanagementڒtainability fromڒtheڒCompanyիsڒownڒguidelinesսڒTheڒCodeڒofڒConՒ ڒsignificanceڒoverridingڒenjoysڒworldwideռڒappliesڒduct ڒbusinessڒdailyڒforڒframeworkڒethicalڒtheڒdefinesڒand ڒactivitiesս

ԣօ Materialڒfieldsڒofڒactionڒ

ڒisڒmanagementڒsustainabilityڒAllaneիsڒofڒobjectiveڒThe ڒwithڒactivitiesڒbusinessڒCompanyիsڒtheڒharmoniseڒto ecologicalռڒsocialڒandڒethicalڒaspectsսڒItڒisڒoperationalՒ ڒandڒobjectivesڒactionsռڒofڒfieldsڒtheڒthroughڒised ڒInڒproceduresսڒcorporateڒintoڒintegratedڒandڒmeasures

ڒtheڒonڒbasedڒisڒmanagementڒsustainabilityڒtheڒadditionռ requirementsڒandڒinterestsڒofڒtheڒstakeholdersսڒParticuՒ ڒemployeesռڒcustomersռڒtoڒattachedڒisڒimportanceڒlar ڒڒinvestorsսڒandڒsuppliers

AlongsideڒtheڒhigherՒlevelڒareaڒofڒժSustainabilityڒatڒAlՒ ڒintoڒupڒdividedڒisڒmanagementڒsustainabilityڒtheڒlaneի ڒoutlinedڒareڒwhichڒactionռڒofڒfieldsڒmaterialڒfurtherڒsix ڒfollowingսڒtheڒin

ԣօԢ CorporateڒGovernanceڒ

ڒbusinessڒtheڒonڒonlyڒnotڒrestsڒAllaneڒofڒsuccessڒThe ڒethicalڒandڒmoralڒwithڒcomplianceڒitsڒonڒalsoڒbutڒpolicyռ ڒandڒcustomersڒwhichڒtrustڒtheڒandڒintegrityڒstandardsռ ڒinڒplaceڒpartnersڒbusinessڒandڒshareholdersڒsuppliersռ theڒCompanyսڒSuchڒtrustڒcanڒonlyڒbeڒwonڒandڒmainՒ ڒlegislationڒandڒlawڒtheڒtoڒadhereڒemployeesڒallڒifڒtained ڒstandardsսڒbehaviouralڒstrictڒAllaneիsڒmaintainڒand ڒobligedڒareڒlikewiseڒpartnersڒcooperationڒandڒFranchise ڒtheڒasڒthemڒrecogniseڒoutsidersڒasڒdutiesռڒsameڒtheڒby ڒtoڒaimڒdeclaredڒAllaneիsڒisڒItڒrepresentativesսڒCompanyիs makeڒallڒemployeesڒasڒwellڒasڒfranchiseڒandڒcooperaՒ tionڒpartnersڒregularlyڒawareڒofڒtheڒissueڒofڒcompliՒ ڒGroupՒwideڒtheڒtoڒhereڒaffordedڒisڒroleڒkeyڒAڒanceս ڒupdatedսڒregularlyڒisڒwhichڒConductռڒofڒCodeڒapplicable ڒhaveڒpartnersڒcooperationڒandڒfranchiseڒemployeesռڒAll committedڒthemselvesڒtoڒobserveڒthisڒCodeڒofڒConՒ ڒpartnersڒbusinessڒtowardsڒbehaviourڒgovernsڒItڒductս ڒtheڒforڒapplicableڒfundamentalsڒtheڒpartiesռڒthirdڒand workingڒenvironmentռڒasڒwellڒasڒhowڒtoڒdealڒwithڒconՒ flictsڒofڒinterestsռڒassetsڒandڒequipmentڒofڒAllaneռڒintelՒ ڒinformationսڒandڒpartiesڒthirdڒofڒpropertyڒlectual

ڒthingsռڒotherڒamongڒspecifiesռڒConductڒofڒCodeڒThe theڒinstitutionڒofڒanڒexternalڒombudsmanսڒInڒcaseڒemՒ ployeesڒwantڒtoڒdiscloseڒcomplianceڒviolationsռڒtheڒomՒ ڒalongsideڒpointռڒcontactڒadditionalڒasڒactsڒbudsman ڒTheڒofficerսڒcomplianceڒtheڒandڒsuperiorڒcorporateڒtheir ڒtheڒwithڒcontactڒregularڒmaintainsڒofficerڒcompliance ڒtheڒadvisesڒasڒwellڒasڒassistsڒandڒBoardڒManaging BoardڒwithڒrespectڒtoڒpreventiveڒmeasuresսڒAllڒsubsidiՒ ariesڒofڒtheڒAllaneڒMobilityڒGroupڒareڒregularlyڒinՒ ڒandڒlawsڒallڒwithڒcomplianceڒtheirڒregardingڒspected ڒڒConductսڒofڒCodeڒtheڒtoڒadherence

ڒGovernanceڒCorporateڒchartֆڒConceptual ڒComplianceڒund

Objective	Measuresڒ	Performance ڒ ڒindicator
ڒSensitising ڒemployeesք franchise ڒandڒ	Integration furtherڒofڒ ڒcomplianceڒ requirements ڒintoڒ ڒofڒCodeڒthe ڒConduct	ڒօՎօ
ڒcooperation ڒtoڒpartners ڒcompliance	Obliging employeesքڒ franchiseڒ ڒandڒ cooperation toڒpartnersڒ ڒtoڒadhereڒ Codeڒthe ڒConductڒofڒ

ڒexpectationsڒclearڒformulatedڒhasڒAllaneڒMoreoverռ ڒmakesڒandڒbehaviourڒcorrectڒemployeesիڒitsڒconcerning ڒmaintainedڒbeڒonlyڒcanڒrelationsڒbusinessڒthatڒclearڒit withڒcustomersռڒserviceڒprovidersڒandڒbusinessڒpartՒ ڒstatutoryڒwithڒcomplyڒactivitiesڒbusinessڒwhoseڒners ڒlawfulڒaڒhaveڒmeansڒfinancialڒwhoseڒandڒstipulations originսڒWithinڒtheڒframeworkڒofڒlegislativeڒandڒregulaՒ ڒofficerڒantiՒmoneyՒlaunderingڒanڒrequirementsռڒtory ڒBesidesռڒmandateսڒbriefڒclearռڒaڒwithڒinstitutedڒbeenڒhas ڒlaunderingռڒmoneyڒpreventڒtoڒguidelinesڒorganisational ڒwereڒactivitiesڒcriminalڒotherڒandڒfinancingڒterrorist ڒtheڒacceptڒandڒsignڒtoڒhasڒemployeeڒEveryڒupսڒdrawn ڒtoڒhaveڒemployeesڒallڒadditionռڒInڒguidelinesսڒrelevant receiveڒregularڒtrainingڒrelatingڒtoڒthisڒthematicڒcomՒ ڒtrainingڒtheseڒinڒparticipationڒsuccessfulڒTheirڒplexս sessionsڒisڒrecordedڒandڒfiledսڒInڒaccordanceڒwithڒsecՒ tionڒԚڒԼ1ԽڒandڒԼ2Խڒnoսڒ1ڒtoڒԔڒofڒtheڒMoneyڒLaunderingڒ ڒmeasuresڒriskՒbasedڒongoingڒinitiatedڒhasڒAllaneڒActռ toڒassessڒreliabilityսڒForڒexampleռڒappropriateڒassessՒ mentsڒtakeڒplaceڒinڒtheڒcaseڒofڒemploymentڒorڒemployՒ ڒtheڒduringڒriskՒorientedڒasڒwellڒasڒrelationshipsڒment ڒsupervisorսڒtheڒbyڒrelationshipڒaڒofڒexistence

AsڒanڒinternationallyڒactiveڒcompanyռڒAllaneڒisڒunreՒ servedlyڒcommittedڒtoڒrespectڒhumanڒrightsڒandڒcorreՒ ڒGroupڒTheڒabroadսڒandڒhomeڒatڒrulesڒlegalڒsponding ڒrightsڒhumanڒpromoteڒandڒrespectڒtoڒundertakenڒhas ڒresultsڒtheڒaboutڒfashionڒtransparentڒaڒinڒreportڒtoڒand ofڒitsڒactionsսڒInڒadditionռڒAllaneڒfollowsڒtheڒILOڒcoreڒlaՒ ڒfundamentalڒfourڒtheڒtoڒadheresڒandڒstandardsڒbour ڒeffectiveڒtheڒandڒassociationڒofڒfreedomڒprinciplesր ڒtheڒbargainingռڒcollectiveڒtoڒrightڒtheڒofڒrecognition ڒabolitionڒtheڒlabourռڒcompulsoryڒorڒforcedڒofڒelimination ڒinڒdiscriminationڒofڒeliminationڒtheڒandڒlabourڒchildڒof respectڒofڒemploymentڒandڒoccupationսڒInڒadditionռڒAlՒ ڒactiveڒareڒwhoڒpartnersڒfranchiseڒitsڒobligesڒalsoڒlane ڒstandardsڒsocialڒstrictڒwithڒcomplyڒtoڒcountriesڒotherڒin andڒtoڒrespectڒhumanڒrightsսڒToڒensureڒthisռڒtheڒexpecՒ tationsڒareڒcontractuallyڒfixedڒandڒtheڒpartnersڒareڒenՒ ڒwithڒaccordanceڒinڒbusinessڒtheirڒrunڒtoڒcouraged ڒڒintegrityսڒwithڒactڒtoڒandڒprinciplesڒethical

ԣօԣ ClimateڒProtectionڒ

ڒitsڒofڒawareڒisڒAllaneڒsolutionsռڒmobilityڒofڒproviderڒaڒAs ڒitselfڒsetڒhasڒandڒprotectionڒclimateڒforڒresponsibility theڒtargetڒofڒcontinuallyڒloweringڒtheڒaverageڒCO2 ڒaڒthroughڒthisڒrealisesڒItڒfleetսڒcustomerڒitsڒofڒemissions ڒutilisationڒcontinuousڒtheڒasڒsuchڒmeasuresռڒofڒseries ڒstateՒofՒtheՒartڒhaveڒthatڒmodelsڒvehicleڒlatestڒtheڒof ڒleasingڒprovidingڒbyڒasڒwellڒasڒfleetڒitsڒinڒpowertrains ڒvehiclesսڒhybridڒandڒelectricڒforڒoffers

ڒprotectionڒClimateڒchartֆڒConceptual

Objective	Measuresڒ	Performance ڒ ڒindicator
Reduction ڒtheڒofڒ averageڒCOԣ emissions ڒtheڒofڒ ڒfleet	Continuous renewalڒ ڒvehicleڒofڒ fleet carsڒwithڒ equippedڒ ڒwithڒ stateՒofՒtheՒart ڒtechnologyڒ	AverageڒCOԣ emissions ڒtheڒofڒ ڒfleet

ڒtheڒfollowingڒandڒassistingڒbeenڒhasڒAllaneڒyearsռڒFor developmentsڒinڒelectricڒmobilityڒandڒalternativeڒvehiՒ cleڒpowertrainsڒasڒitڒpromotesڒtheseڒbyڒeventsڒforڒemՒ ڒbyڒrepresentativesռڒmediaڒandڒmanagersڒfleetڒployeesռ ڒelectricڒandڒdealersڒmanufacturersռڒwithڒcooperating utilityڒsuppliersڒasڒwellڒasڒbyڒpromotionalڒoffersڒforڒpriՒ vateڒcustomersսڒTheڒCompanyڒhasڒexpertiseڒinڒtheڒseՒ ڒvehiclesڒelectricڒandڒhybridڒofڒdeploymentڒandڒlection ڒcustomersڒinterestedڒgivingڒofڒcapableڒthereforeڒisڒand ڒfleetsڒcorporateڒoptimiseڒcanڒandڒadviceڒcompetent ڒincludesڒThisڒaspectsսڒsustainabilityڒitsڒtoڒregardڒwith ڒpollutantڒimprovingڒpoolsռڒeՒcarڒofڒuseڒtheڒexampleڒfor ڒsystemսڒbonusՒmalusڒ2COڒaڒintroducingڒandڒemissions

agreeՒڒleasingڒofferedڒAllaneڒyearռڒfinancialڒ2021ڒtheڒIn ڒcustomersڒcorporateڒandڒcommercialڒprivateռڒtoڒments ڒtwelveڒbetweenڒanywhereڒtermsڒwithڒvehiclesڒnewڒfor ڒcontractsڒtheڒ2021ڒDecemberڒ1ԓڒperڒAsڒmonthsսڒ2Ԙڒand hadڒanڒaverageڒtermڒofڒaroundڒԔԔڒmonthsսڒConseՒ ڒrenewedڒbeingڒcontinuallyڒisڒfleetڒleasingڒtheڒquentlyռ ڒefficientڒmoreڒcarryingڒvehiclesڒmodernڒmoreڒtheڒwith ڒ2COڒaverageڒofڒreductionڒaڒinڒresultsڒThisڒtechnologiesս ڒunitڒbusinessڒLeasingڒtheڒwithinڒvehicleڒperڒemissions ڒtimeսڒover

ڒisڒcommitmentڒecologicalڒAllaneխsڒofڒexampleڒAnother theڒկYouڒcarڒՔڒweڒtreeհڒcampaignռڒunderڒwhichڒautoՒ haus2ԔڒplantsڒaڒtreeڒforڒeveryڒusedڒcarڒsoldսڒInڒ2021ռڒ ڒwayսڒthisڒinڒplantedڒwereڒtreesڒ00ռԙ2ڒover

AverageڒCOԣ ՒemissionsڒofڒtheڒLeasingڒ ڒunitڒbusiness

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	ԢԣԤ	Ԣԣԧ

ԣօԤ UtilisationڒofڒResourcesڒ

TheڒprotectionڒofڒtheڒenvironmentڒandڒresponsibleڒutiliՒ ڒInڒAllaneսڒbyڒgrantedڒforڒtakenڒareڒresourcesڒofڒsation itsڒownڒsphereڒofڒinfluenceռڒtheڒCompanyڒkeepsڒitsڒenՒ ڒWithڒpossibleսڒasڒlowڒasڒconsumptionڒwaterڒandڒergy theڒassistanceڒofڒitsڒenvironmentalڒmanagementڒsysՒ temsռڒAllaneڒregularlyڒmonitorsڒitsڒconsumptionڒofڒreՒ ڒcontinuousڒachieveڒtoڒstrivesڒandڒsources ڒڒefficiencyսڒinڒimprovements

ڒofڒUtilisationڒchartֆڒConceptual ڒResources

Objective	Measuresڒ	Performance ڒ ڒindicator
ڒContinual improvement ڒofڒ energyڒefficiency	Implementing andڒ ڒmonitoringڒ energy efficiencyڒ ڒmeasuresڒ Conducting energyڒ ڒauditsڒ SensitisingڒemployeesڒtoڒenergyՒ saving ڒmeasuresڒ	ڒօՎօ

ڒitsڒimprovingڒcontinuallyڒofڒobjectiveڒtheڒpursuesڒAllane ڒconsumptionսڒenergyڒitsڒcuttingڒandڒefficiencyڒenergy NextڒtoڒtheڒimplementationڒandڒmonitoringڒofڒtheڒconՒ creteڒenergyڒefficiencyڒmeasuresռڒitڒalsoڒconductsڒenՒ ڒemployeesڒofڒawarenessڒtheڒheightensڒandڒauditsڒergy forڒmeasuresڒtoڒutiliseڒenergyڒinڒaڒwayڒthatڒsavesڒreՒ ڒconductedڒauditڒenergyڒlastڒtheڒtoڒAccordingڒsourcesս ڒԗռ201ڒyearڒcalendarڒtheڒforڒyearڒfinancialڒԘ201ڒtheڒin ڒheadquartersڒcorporateڒtheڒforڒratingsڒconsumptionڒthe areڒwithinڒtheڒnormalڒparameterڒrangeռڒwhileڒtheڒheatՒ ڒڒaverageսڒbelowڒareڒrequirementsڒing

ԣօԥ Employerڒattractivenessڒ

ڒworkforceիsڒitsڒtoڒimportanceڒgreatestڒattachesڒAllane customerڒfocusڒandڒqualityڒofڒserviceڒtoڒensureڒentreՒ ڒitsڒconsidersڒthereforeڒGroupڒTheڒsuccessսڒpreneurial ڒitsڒpromoteڒworkforceռڒitsڒdevelopڒtoڒresponsibility ڒequalڒprovideڒtoڒandڒdecisionsڒintoڒitڒintegrateڒhealthռ opportunitiesڒforڒallսڒInڒadditionռڒtheڒGroupՒwideڒworkՒ ڒisڒemployeesڒallڒbetweenڒinteractionڒtheڒandڒclimateڒing characterisedڒbyڒmutualڒrespectռڒfairnessڒandڒtheڒproՒ ڒdiscriminationսڒofڒformڒanyڒofڒhibition

ڒreputationսڒgoodڒaڒwithڒemployerڒwellՒknownڒaڒisڒAllane ڒCompanyڒtheڒemployerռڒattractiveڒanڒremainڒtoڒorderڒIn ڒofڒbalanceڒworkՒlifeڒtheڒimprovingڒonڒsightsڒitsڒsetڒhas ڒtimeڒworkingڒflexibleڒendռڒthisڒToڒstaffսڒofڒmembersڒits ڒinڒemployeesڒԕռ201ڒSinceڒextendedսڒbeڒwillڒprogrammes theڒcentralڒandڒadministrativeڒfunctionsռڒasڒwellڒasڒexՒ ڒonڒbasedڒarrangementsڒtimeڒworkingڒenjoyڒecutivesռ trustսڒAsڒofڒDecemberڒ2021ռڒaroundڒԕ0ٝڒofڒallڒemployՒ eesڒofڒtheڒAllaneڒMobilityڒGroupڒinڒGermanyڒhadڒworkՒ ingڒtimeڒarrangementsڒbasedڒonڒtrustڒԼ201ԚրڒԔԕٝԽսڒAllڒ otherڒemployeesڒrecordڒtheirڒworkingڒhoursսڒFurtherՒ moreռڒagainstڒtheڒbackgroundڒofڒtheڒCOVIDՒ1ԚڒpanՒ ڒoutڒcarryڒtoڒemployeesڒitsڒenabledڒCompanyڒtheڒdemicռ ڒԼժMobileڒworkڒofڒplaceڒtheirڒofڒindependentlyڒworkڒtheir ڒtheڒinڒalsoڒextentڒexpandedڒsignificantlyڒaڒtoڒWorkիԽ ڒyearսڒfinancialڒ2021

ڒhighڒaڒatڒsatisfactionڒemployeeڒkeepڒtoڒaimsڒAllane levelսڒToڒthisڒendռڒtheڒCompanyڒconductsڒregularڒemՒ ڒfurtherڒdeductsڒthenڒitڒwhichڒfromڒsurveysռڒployee measuresսڒInڒadditionռڒAllaneڒreliesڒonڒanڒactiveڒfeedՒ backڒcultureڒwithڒԓԗ0ՒdegreeڒfeedbackڒandڒcustomՒ ڒprogrammesսڒpromotionڒandڒdevelopmentڒised

ڒEmployerڒchartֆڒConceptual ڒattractiveness

Objective	Measuresڒ	Performance ڒ ڒindicator
ڒImproving employeesիڒworkՒ ڒbalanceڒlife	Expanding ڒtheڒ programmes ڒ to strengthenڒ ڒworkՒlifeڒ ڒbalance	ڒofڒNumber employees ڒtimeڒinڒ arrangements ڒ based ڒtrustڒonڒ
Maintaining ڒhighڒ satisfaction ڒlevelsڒ among ڒemployeesڒ	Regular executionڒ ڒandڒ evaluation ofڒ ڒonڒsurveysڒ ڒemployee ڒsatisfaction Deducing potentialڒ ڒactionڒ requirements ڒtheڒfromڒ survey ڒfindingsڒ	ڒօՎօ

ڒdevelopmentڒpersonnelڒstrategicڒonڒinformationڒFurther andڒtheڒrelevantڒKPIsڒcanڒbeڒfoundڒinڒtheڒsectionڒժHuՒ ڒreportսڒannualڒthisڒofڒreportիڒresourcesڒman

ԣօԦ Staffڒdevelopmentڒandڒpromotionڒ

ڒonڒdependentڒvitallyڒisڒsuccessڒentrepreneurialڒAllaneիs ڒemployeesսڒitsڒofڒcommitmentڒandڒskillsڒknowledgeռڒthe ڒbuildingڒimportantڒmostڒtheڒareڒemployeesڒQualified blockڒforڒtheڒGroupڒinڒorderڒtoڒbeڒableڒtoڒactڒasڒaڒpreՒ ڒժcustomerڒgenerateڒandڒmarketڒtheڒonڒsupplierڒmium ڒaڒtoڒcommittedڒthereforeڒisڒCompanyڒTheڒexcitementիս

ڒforڒworkڒwhoڒcentreڒitsڒatڒpeopleڒtheڒhasڒthatڒculture ڒandڒencourageڒconsistentlyڒtoڒclaimڒtheڒisڒItڒAllaneս promoteڒtheڒtalentsڒofڒitsڒworkforceռڒadequatelyڒremuՒ ڒinڒprinciplesڒuniformڒapplyڒandڒcommitmentڒtheirڒnerate salariesڒandڒwagesڒwhichڒexcludeڒanyڒformڒofڒdiscrimiՒ ڒڒnationս

Objective Measuresڒ ڒPerformance ڒindicator ڒFurther ڒofڒdevelopment ڒemployeesի ڒprofessional ڒexpertise ڒDemandՒoriented ڒonՒsiteڒofڒintensification ڒڒandڒtraining ڒunitsڒeՒlearning ڒօՎօ ڒFurther ڒofڒevaluationڒRegular ڒofڒShare

ڒwithڒemployees performanceՒ ڒbased ڒremuneration

ڒremunerationڒvariable ڒKPIsڒtheirڒandڒmodels

ڒofڒdevelopment performanceՒ ڒbased ڒremuneration ڒmodels

ڒandڒdevelopmentڒStaffڒchartֆڒConceptual ڒpromotion

ڒwithڒhandڒinڒhandڒgoesڒtalentsڒpromotingڒandڒFinding ڒendռڒthisڒToڒexpertiseսڒprofessionalڒdevelopingڒfurther ڒtrainingsڒonՒsiteڒofڒnumberڒtheڒintensifyingڒisڒAllane ڒwhereverڒfacilitiesڒtrainingڒinڒsessionsڒeՒlearningڒand ڒtheseڒinterlockingڒasڒwellڒasڒthemڒforڒdemandڒisڒthere formsڒofڒtrainingսڒTheڒtrainingڒunitsڒareڒofferedڒtoڒemՒ ڒtopicsսڒofڒrangeڒwideڒaڒcoverڒandڒranksڒallڒofڒployees

InڒorderڒtoڒfosterڒtheڒindividualڒcommitmentڒofڒitsڒemՒ ployeesڒtoڒtheڒCompanyխsڒsuccessڒandڒtoڒhonourڒitڒacՒ ڒperformanceՒbasedڒaڒintroducedڒhasڒAllaneڒcordinglyռ ڒemployeesսڒofڒgroupsڒcertainڒforڒsystemڒremuneration ڒAllaneڒtheڒofڒemployeesڒallڒofڒٝԓԘڒռ2021ڒofڒendڒtheڒAt MobilityڒGroupڒinڒGermanyڒreceivedڒvariableڒremuneraՒ ڒhonourڒtoڒorderڒInڒsalaryսڒfixedڒtheirڒtoڒadditionڒinڒtion ڒevenڒemployeeڒeachڒofڒperformanceڒindividualڒthe moreڒthanڒbeforeռڒAllaneڒhasڒsetڒitselfڒtheڒgoalڒofڒfurՒ therڒdevelopingڒtheڒexistingڒperformanceՒrelatedڒcomՒ ڒvariableڒexistingڒtheڒendռڒthisڒToڒmodelsսڒpensation ڒtheڒandڒevaluatedڒregularlyڒareڒmodelsڒremuneration quotaڒofڒemployeesڒisڒdeterminedڒusingڒperformanceՒ ڒڒcomponentsսڒremunerationڒbased

FurtherڒinformationڒonڒtheڒemployeeڒpromotionڒproՒ ڒcanڒremunerationڒtheڒofڒfeaturesڒkeyڒtheڒandڒgramme ڒthisڒofڒreportիڒresourcesڒժHumanڒsectionڒtheڒinڒfoundڒbe ڒreportսڒannual

ԣօԧ Socialڒcommitmentڒ

ڒtowardsڒcontributeڒtoڒdutyڒitsڒbeڒtoڒitڒconsidersڒAllane ڒaڒisڒresponsibilityڒsocialڒAssumingڒwellՒbeingսڒsocietyիs firmڒcomponentڒinڒitsڒentrepreneurialڒpolicyڒandڒcorreՒ ڒTheڒvaluesսڒandڒprinciplesڒidentityռڒAllaneիsڒwithڒsponds CompanyڒhasڒsetڒitselfڒtheڒgoalڒofڒexpandingڒonڒitsڒsoՒ cialڒcommitmentsռڒespeciallyڒinڒissuesڒreferringڒtoڒenՒ ڒnonՒprofitableڒasڒwellڒasڒenvironmentռڒtheڒandڒergy ڒsectorսڒcharitableڒtheڒinڒcommitmentڒitsڒandڒwork

ڒSixtڒRegineڒindependentڒtheڒsupportedڒAllaneڒռ2021ڒIn ڒisڒwhichڒTearsխռڒLittleڒխDryingڒFoundationڒAidڒChildrenիs underڒtheڒsupervisionڒofڒtheڒgovernmentڒofڒUpperڒBaՒ ڒtheڒimproveڒtoڒmeasuresڒsupportsڒfoundationڒTheڒvariaս ڒandڒchildrenڒofڒconditionsڒlivingڒandڒconditionsڒhealth ڒcareռڒforڒfacilitiesڒadditionռڒInڒworldwideսڒpeopleڒyoung educationڒandڒvocationalڒtrainingڒasڒwellڒasڒsocialڒwelՒ fareڒinstitutionsڒareڒsupportedսڒTheڒRegineڒSixtڒChilՒ ڒapplicationsڒandڒproposalsڒreceivesڒFoundationڒdrenիs fromڒAllaneڒemployeesڒtoڒsupportڒprojectsڒandڒinitiaՒ ڒandڒselectionڒTheڒworldwideսڒchildrenڒbenefitڒthatڒtives ڒcloseڒinڒoutڒcarriedڒareڒprojectsڒtheڒofڒimplementation ڒڒfoundationսڒtheڒandڒCompanyڒtheڒbetweenڒcoordination

ڒcommitmentڒSocialڒchartֆڒConceptual

Objective	Measuresڒ	Performanc e ڒindicatorڒ
Expanding ڒsocialڒ commitment ڒ	LittleڒDrying ڒDaysڒTearsڒ	ڒօՎօ
Continuing ڒtheڒ cooperation ڒwithڒ ڒthe ڒSixtڒժRegine Childrenիs ڒAidڒ ڒFoundationի	Supporting foundationڒ ڒtoڒprojectsڒ improve healthڒtheڒ conditionsڒ ڒandڒ living conditionsڒ childrenڒofڒ ڒandڒ young peopleڒ worldwideڒ ڒandڒ promoting institutionsڒ ڒcareքڒforڒ education andڒ vocationalڒ ڒtrainingڒ wellڒas socialڒasڒ ڒwelfareڒ ڒinstitutions	ڒօՎօ

Annual Report 2021 20

ģǸ˷Ǹʊɤ˰ɤ˷ʹڑͅɤ̻̇ͅʹڑ̇˷ڑʹʔɤڑ ͣʧʹǸʹʧ̇˷ڑ̇ʅڑʹʔɤڑʊ̻̇ͅڑǸ˷ɒڑ

ʹʔɤڑɆ̇˰̻Ǹ˷ζ

• Aռԏ աڑ̻̇ͅڑʅ˷ɒǸ˰ɤ˷ʹǸ˓ͣ
• AռԐ աڑAͣʧ˷ɤͣͣڑͅɤ̻̇ͅʹ
• AռԒ աڑ˰¡Ǹ˷ڑͅɤͣ̇ͅɆɤͣڑͅɤ̻̇ͅʹ
• Aռԓ աڑTʧͣɆ˓̇ͣͅɤͣڑʧ˷ڑǸɆɆ̇ͅɒǸ˷ɆɤڑΨʧʹʔڑ ͣɤɆʹʧ̇˷ͣڑԐԘԙǸڑǸ˷ɒڑԒԏԔǸڑ̇ʅڑʹʔɤڑ¡A
• AռԔ ˋ̇̇˓ʹ̇ڑ˷̇ڑʹ̻̇ͅžɤڑա
• AռԖ աڑžɤ̻̇ͅʹڑ̇˷ڑͅʧͣˋͣڑǸ˷ɒڑ̻̻̇̇ͅ˷ʹʧʹʧɤͣ
• Aռԗ աڑī̇˷Ցʅʧ˷Ǹ˷ɆʧǸ˓ڑɒɤɆ˓ǸͅǸʹʧ̇˷ڑʧ˷ڑǸɆɆ̇ͅɒǸ˷ɆɤڑΨʧʹʔ ڑͣɤɆʹʧ̇˷ͣڑԐԘԙȿڑʹ̇ڑɤڑǸ˷ɒڑԒԏԔȿڑǸ˷ɒڑɆڑ̇ʅڑʹʔɤڑ¡A
• ڑAռԘ աڑTɤ̻ɤ˷ɒɤ˷ʹڑɆ̇˰̻Ǹ˷ζڑͅɤ̻̇ͅʹ
• Aռԙ աڑİ̻̇ͅͅǸʹɤڑʊ̇Τɤͅ˷Ǹ˷ɆɤڑɒɤɆ˓ǸͅǸʹʧ̇˷ڑʧ˷ڑǸɆɆ̇ͅɒǸ˷Ɇɤڑ ΨʧʹʔڑͣɤɆʹʧ̇˷ͣڑԐԘԙʅڑǸ˷ɒڑԒԏԔɒڑ̇ʅڑʹʔɤڑ¡A
• AռԏԎ ڑաڑɒɒʧʹʧ̇˷Ǹ˓ڑʧ˷ʅ̇ͅ˰Ǹʹʧ̇˷ڑʅ̇ͅ -˓˓Ǹ˷ɤڑƋ_ڑԻ̻ͣͅǸ˷ʹڑʹ̇ڑʹʔɤڑ¡AՅ

ڒGroupڒՔڒ1Bս ڒFundamentals

Ԣօ BusinessڒModelڒofڒtheڒGroupڒ

ԢօԢ Groupڒstructureڒandڒmanagementڒ

AllaneڒSEռڒPullachڒԼpreviouslyրڒSixtڒLeasingڒSEԽռڒisڒaڒEuՒ ڒtheڒandڒEuropeaԽڒԼSocietasڒCorporationڒStockڒropean ڒwhichڒGroupռڒMobilityڒAllaneڒtheڒofڒcompanyڒparent ڒnamesڒbusinessڒtheڒunderڒbusinessڒitsڒconductsڒmainly ofڒխSixtڒLeasingխռڒխSixtڒMobilityڒConsultingխռڒխSixtڒNeuՒ wagenխռڒխautohaus2ԔխڒandڒժFlottenmeisterխսڒTheڒComՒ panyڒhasڒitsڒregisteredڒofficesڒinڒDrսՒCarlՒvonՒLindeՒ Straßeڒ2ռڒԙ20ԔԚڒPullachՎGermanyռڒandڒisڒregisteredڒinڒ ڒunderڒCourtڒLocalڒMunichڒofڒRegisterڒCommercialڒthe docketڒnumberڒHRBڒ22Ԙ1ԚԕսڒTheڒCompanyڒhasڒbeenڒ ڒperiodսڒindefiniteڒanڒforڒestablished

ڒsupervisedڒisڒSEڒAllaneڒcompanyռڒservicesڒfinancialڒaڒAs ڒFinanzdienstleistungsaufsichtڒfürڒBundesanstaltڒtheڒby ڒandڒAuthorityԽڒSupervisoryڒFinancialڒFederalڒՔڒԼBaFin ڒriskڒforڒrequirementsڒminimumڒtheڒwithڒcomplyڒtoڒhas ڒinstitutionsڒservicesڒfinancialڒandڒbanksڒofڒmanagement ڒԼMaRiskԽս

ڒխCentralڒasڒMunichڒinڒԚԘԕ1ڒfoundedڒwasڒCompanyڒThe ڒԓ200ڒsinceڒtradingڒbeenڒhasڒandڒGmbHխڒCGڒGaragen ڒregisteredڒitsڒwithڒGmbHխڒAutolandڒխSixtڒnameڒtheڒunder officesڒinڒGarchingڒcloseڒtoڒMunichսڒSixtڒGroupխsڒoperaՒ tiveڒleasingڒbusinessڒhasڒbeenڒoverseenڒbyڒխSixtڒLeasՒ ڒformڒlegalڒofڒchangeڒitsڒafterڒandڒԚԙԙ1ڒsinceڒGmbHխڒing ڒLeasingڒխSixtڒnameڒtheڒunderڒcorporationڒstockڒaڒinto ڒpreviousڒtheڒwithڒmergedڒAGխڒLeasingڒխSixtڒԔ200ڒInڒAGխս ڒAutolandڒխSixtڒfollowingڒtheڒInڒGmbHխսڒAutolandڒխSixt ڒcorporationڒstockڒaڒtoڒformڒlegalڒitsڒchangedڒGmbHխ ڒTheڒAGխսڒLeasingڒխSixtڒnameڒtheڒunderڒcontinuedڒand ڒregulatedڒtheڒonڒlistedڒbeenڒhaveڒsharesڒCompanyխs marketڒԼPrimeڒStandardԽڒofڒtheڒFrankfurtڒStockڒExՒ ڒtheڒofڒapprovalڒByڒԕս201ڒMayڒԘڒonڒIPOڒitsڒsinceڒchange ڒCompanyڒtheڒԗ201ڒJuneڒ1ڒonڒMeetingڒGeneralڒAnnual wasڒtransformedڒbyڒwayڒofڒchangingڒtheڒlegalڒformڒacՒ ڒSEՒRegڒԓԘڒArtսڒwithڒconjunctionڒinڒԼԔԽڒ2ڒArtսڒtoڒcording ڒڒSEսڒLeasingڒSixtڒto

Onڒ1ԗڒJulyڒ2020ռڒSixtڒLeasingڒSEڒwasڒacquiredڒtoڒapՒ ڒGmbHڒEuropeڒBankڒCapitalڒHyundaiڒbyڒ2ٝԚڒproximately ڒڒBankڒConsumerڒSantanderڒofڒventureڒjointڒaڒԼHCBEԽռ

AGڒandڒHyundaiڒCapitalڒServicesڒIncսڒasڒpartڒofڒaڒvolunՒ taryڒpublicڒtakeoverڒofferսڒInڒtheڒprocessռڒHCBEڒalsoڒacՒ ڒformerڒtheڒbyڒheldڒstakeڒ2ٝԔڒapproximatelyڒtheڒquired ڒseparationڒtheڒofڒpartڒAsڒSEսڒSixtڒshareholderڒmain fromڒSixtڒSEռڒtheڒAnnualڒGeneralڒMeetingڒofڒSixtڒLeasՒ CompaՒڒtheڒchangeڒtoڒ2021ڒJuneڒԚ2ڒonڒresolvedڒSEڒing ڒժAllaneڒnameڒcompanyڒnewڒTheڒSEիսڒժAllaneڒtoڒnameڒnyխs ڒAugustڒԕڒonڒregisterڒcommercialڒtheڒinڒenteredڒwasڒSEի ڒս2021

TheڒManagingڒBoardڒofڒAllaneڒSEڒmanagesڒtheڒComՒ ڒconsistsڒcurrentlyڒandڒresponsibilityڒownڒitsڒunderڒpany ڒManagementڒtheڒofڒChairmanڒShinռڒDonglimڒMrսڒof HernánՒڒÁlvaroڒMrսڒandڒռ2021ڒJulyڒ1ڒsinceڒԼCEOԽڒBoard ofՒڒtheseڒPreviouslyռڒս2021ڒDecemberڒ1ڒsinceڒCFOڒdezռ ڒJuneڒ0ԓڒuntilڒԼCEOԽڒRuhlڒMichaelڒMrڒbyڒheldڒwereڒfices ڒSeptemberڒ0ԓڒuntilڒԼCFOԽڒWaldowڒBjörnڒMrڒbyڒandڒ2021 ڒս2021

ڒofڒconsistsڒwhichڒSEռڒAllaneڒofڒBoardڒSupervisoryڒThe sixڒmembersռڒappointsռڒmonitorsڒandڒadvisesڒtheڒManՒ agingڒBoardڒandڒisڒdirectlyڒinvolvedڒinڒdecisionsڒofڒfunՒ ڒGroupսڒtheڒandڒCompanyڒtheڒforڒimportanceڒdamental

ڒisڒandڒcompanyڒleasingڒoperativeڒanڒasڒactsڒSEڒAllane ڒhasڒItڒGroupսڒMobilityڒAllaneڒtheڒofڒcompanyڒparentڒthe followՒڒtheڒinڒshareholdingsڒ100ٝڒindirectlyڒorڒdirectly ڒorڒleasingڒtheڒinڒoperateڒalsoڒwhichڒsubsidiariesռڒing fleetڒmanagementڒbusinessesڒofڒtheirڒrespectiveڒcounՒ ڒtriesր

• AllaneڒLocationڒLongueڒDuréeڒSսaսrսlսռڒRueilՒMailmaiՒ ڒDuréeڒLongueڒLocationڒSixtڒԼpreviouslyրڒsonՎFrance ڒSARLԽ
• ڒԼpreviouslyրڒUrdorfՎSwitzerlandڒAGռڒԼSchweizԽڒAllane ڒAGԽڒԼSchweizԽڒLeasingڒSixt
• ڒSixtڒԼpreviouslyրڒVösendorfՎAustriaڒGսmսbսHսռڒAllane ڒGսmսbսHսԽڒLeasing
• autohaus2ԔڒGmbHռڒPullachՎGermanyڒ
• ڒPullachՎGermanyڒGmbHռڒConsultingڒMobilityڒAllane ڒGmbHԽڒConsultingڒMobilityڒSixtڒԼpreviouslyր
• AllaneڒMobilityڒConsultingڒSսaսrսlսռڒRueilՒMailmaiՒ ڒConsultingڒMobilityڒSixtڒԼpreviouslyրڒ֮sonՎFrance ڒSARLԽ
• ڒUrdorfՎSwitzerlandڒAGռڒConsultingڒMobilityڒAllane ڒAGԽڒConsultingڒMobilityڒSixtڒԼpreviouslyր
• AllaneڒMobilityڒConsultingڒÖsterreichڒGmbHռڒVösenՒ ڒConsultingڒMobilityڒSixtڒԼpreviouslyրڒ֮dorfՎAustria ڒGmbHԽڒÖsterreich
• AllaneڒMobilityڒConsultingڒBսVսռڒHoofddorpՎNetherՒ ڒBսVսԽڒConsultingڒMobilityڒSixtڒԼpreviouslyրڒlands
• AllaneڒServicesڒGmbHռڒRostockՎGermany֮ڒԼpreviՒ ڒGmbHԽڒVerwaltungsڒLeasingڒSXTڒouslyր
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• ڒԼEBTԽսڒtaxesڒbeforeڒearningsڒconsolidated

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• ڒassetsԽսڒԼequityՎtotalڒGroupڒtheڒofڒratioڒequity

Ԥօ Researchڒandڒdevelopmentڒ

ڒ ڒ

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ԣօ Groupڒbusinessڒperformanceڒ ڒwithڒcomparisonڒandڒoverview ڒyearڒtheڒofڒforecast

ڒindicatorsրڒperformanceڒkeyڒofڒOverview

	ԤԢ Decemberڒ ڒԣԡԣԡڒ	ڒOutlook	Adjustment	ԤԢ ڒ Decemberڒ ڒԣԡԣԢڒ
Group contractڒ portfolioڒ ڒԼnumberڒ ڒof ڒcontractsԽ	ԢԣԪքԪԡԡ	Slightڒincrease	Slightlηڒbelowڒpreviousڒ ηearխsڒlevelԢԽ	Ԣԣԩքԩԡԡ
Operating revenueڒ ڒEURڒԼinڒ ڒmillionԽ	ԥԣԤօԤ	Atڒpreviousڒηearխsڒ level	Significantlη ڒbelowڒ previousڒηearխsڒlevelԢԽ	Ԥԩԧօԡ
Earnings beforeڒ taxesڒ ڒEURڒԼinڒ ڒmillionԽ	ԪօԢ	HigherڒsingleՒdigitڒ millionڒeuroڒamount	Ւ	ԧօԢ

1 2021ڒDecemberڒԙڒofڒannouncementڒhocڒAd ڒڒ

ڒinڒperformanceڒbusinessڒGroupխsڒMobilityڒAllaneڒThe expectaՒڒadjustedڒtheڒwithڒlineڒinڒbasicallyڒwasڒ2021 tionsڒԼdoesڒnotڒreferڒtoڒtheڒsupportingڒkeyڒfiguresԽսڒDeՒ spiteڒtheڒuncertaintiesڒandڒconstraintsڒfromڒtheڒCOVIDՒ 1ԚڒpandemicڒasڒwellڒasڒtheڒtransactionՒrelatedڒexՒ pensesռڒtheڒAllaneڒMobilityڒGroupڒhasڒaڒsolidڒfoundaՒ ڒandڒpositionڒfinancialڒoperationsռڒofڒresultsڒtheڒasڒtionռ ڒincludesڒwhichڒrevenueռڒConsolidatedڒshowսڒassetsڒnet operatingڒrevenueڒandڒsalesڒrevenueռڒfellڒbyڒ1ս0ٝڒyearՒ onՒyearڒtoڒEURڒԘԔ0սԔڒmillionڒԼ2020րڒEURڒԘԔԘսԘڒmillionԽսڒ ConsolidatedڒoperatingڒrevenueڒԼexcludingڒsalesڒreveՒ nuesԽڒdecreasedڒbyڒԙսԙٝڒtoڒEURڒԓԙԗս0ڒmillionڒԼ2020րڒ EURڒԔ2ԓսԓڒmillionԽսڒThisڒisڒmainlyڒdueڒtoڒtheڒsignifiՒ ڒtheڒofڒresultڒaڒasڒutilisationڒvehicleڒreducedڒcantly COVIDՒ1ԚՒrelatedڒcontactڒrestrictionsڒandڒtheڒassociՒ ڒaڒasڒwellڒasڒrevenuesڒutilisationՒrelatedڒinڒdeclineڒated decliningڒcontractڒportfolioսڒInڒMarchڒ2021ռڒtheڒManagՒ ڒrevenueڒoperatingڒconsolidatedڒexpectedڒhadڒBoardڒing ڒDecemberڒInڒfigureսڒyearիsڒpreviousڒtheڒofڒrangeڒtheڒin ڒManagingڒtheڒthatڒsoڒadjustedڒwasڒforecastڒtheڒռ2021 ڒbelowڒsignificantlyڒfigureڒaڒexpectedڒhenceforthڒBoard theڒpreviousڒyearիsڒfigureսڒTheڒmainڒreasonsڒforڒtheڒdeՒ ڒweakerՒthanՒexpectedڒtheڒareڒforecastڒtheڒfromڒviation ڒtheڒtoڒparticularڒinڒdueڒdevelopmentռڒbusinessڒcurrent belowՒexpectedڒrecoveryڒofڒtheڒoverallڒeconomicڒsituaՒ tionռڒasڒwellڒasڒtheڒworseningڒCOVIDՒ1Ԛڒsituationռڒ ڒmobilityڒonڒimpactڒsignificantڒaڒhaveڒtoڒcontinuesڒwhich ڒintroducedսڒmeasuresڒgovernmentڒtheڒtoڒdueڒbehaviour SalesڒrevenuesڒforڒleaseڒreturnsڒandڒmarketedڒcusՒ ڒ2ٝԚսڒbyڒincreasedڒManagementڒFleetڒinڒvehiclesڒtomer toڒEURڒԓԕԔսԔڒmillionڒԼ2020րڒEURڒԓ2ԔսԔڒmillionԽսڒThisڒisڒ mainlyڒdueڒtoڒanڒincreaseڒinڒtheڒunitڒpricesڒofڒtheڒvehiՒ ڒcarsռڒusedڒforڒdemandڒhighڒtheڒofڒresultڒaڒasڒsoldڒcles ڒcarsսڒnewڒofڒshortagesڒsupplyڒtheڒbyڒcausedڒespecially

DueڒtoڒthisڒopposingڒdevelopmentռڒconsolidatedڒreveՒ ڒslightlyսڒonlyڒdeclinedڒnue

EarningsڒbeforeڒinterestռڒtaxesռڒdepreciationڒandڒamorՒ ڒmillionڒ0ԙԔս1ڒEURڒtoڒ0ٝԓս1ڒbyڒdeclinedڒԼEBITDAԽڒtisation inڒtheڒreportingڒyearڒԼ2020րڒEURڒ211սԔڒmillionԽսڒConsoliՒ datedڒearningsڒbeforeڒtaxesڒԼEBTԽڒfellڒbyڒԓ2սԘٝڒtoڒEURڒ ԗս1ڒmillionڒԼ2020րڒEURڒԚս1ڒmillionԽսڒAsڒaڒresultռڒtheڒoperՒ atingڒreturnڒonڒrevenueڒԼratioڒofڒEBTڒtoڒoperatingڒreveՒ nueԽڒwasڒ1սԗٝڒԼ2020րڒ2ս2ٝԽսڒTheڒlowerڒEBTڒisڒinڒlineڒ ڒexpectationsսڒwith

ڒaڒtoڒincreasedڒGroupڒMobilityڒAllaneڒtheڒofڒequityڒThe totalڒofڒEURڒ220ռ1Ԛ2ڒthousandڒcomparedڒtoڒtheڒpreviՒ ousڒyearڒԼ2020րڒEURڒ212ռԙԕ1ڒthousandԽսڒTheڒgroupڒeqՒ ڒdateڒsheetڒbalanceڒtheڒofڒasڒٝԙսԔ1ڒthusڒwasڒratioڒuity Լ2020րڒ1ԗսԔٝԽսڒ

ڒGroupխsڒMobilityڒAllaneڒtheڒռ2021ڒDecemberڒ1ԓڒofڒAs ڒyearխsڒpreviousڒtheڒbelowڒٝսԙ0ڒwasڒportfolioڒcontract levelڒatڒ12ԙռԙ00ڒcontractsڒԼ2020րڒ12ԚռԚ00ڒcontractsԽսڒInڒ itsڒforecastڒofڒMarchڒ2021ռڒtheڒManagingڒBoardڒhadڒexՒ pectedڒaڒslightڒincreaseڒinڒtheڒGroupիsڒcontractڒportfoՒ ڒbelowڒslightlyڒfigureڒaڒexpectedڒitڒDecemberռڒFromڒlioս theڒpreviousڒyearիsڒfigureսڒTheڒmainڒreasonsڒforڒtheڒadՒ justmentڒwereڒtheڒweakerڒthanڒexpectedڒbusinessڒdeՒ velopmentڒasڒwellڒasڒtheڒCOVIDՒ1Ԛڒsituationڒworseningڒ ڒս2021ڒofڒquarterڒfourthڒtheڒinڒagain

ڒportfolioڒcontractڒtheڒfieldռڒbusinessڒRetailڒOnlineڒtheڒIn ڒٝԕսԔڒwasڒcontractsڒ00ԓԗռԕڒofڒ2021ڒDecemberڒ1ԓڒatڒas belowڒtheڒlevelڒofڒtheڒpreviousڒyearڒԼ2020րڒԓԙռԗ00ڒconՒ ڒtractsԽս

InڒtheڒFleetڒLeasingڒbusinessڒfieldռڒtheڒcontractڒportfoՒ ڒendڒtheڒatڒcontractsڒ00ԓԓռԓڒtoڒٝսԚ11ڒbyڒdecreasedڒlio ofڒtheڒyearڒԼ2020րڒԓԘռԙ00ڒcontractsԽսڒڒ

ڒparticularڒinڒdueڒareڒfieldڒbusinessڒbothڒinڒdeclinesڒThe toڒtheڒeconomicڒeffectsڒofڒtheڒCOVIDՒ1Ԛڒpandemicڒandڒ ڒڒcarsսڒnewڒforڒbottlenecksڒsupplyڒthe

TheڒcontractڒportfolioڒofڒtheڒFleetڒManagementڒbusiՒ ڒtheڒtoڒComparedڒpositivelyսڒveryڒdevelopedڒunitڒness ڒcontractsڒ000ԕԚռڒtoڒٝսԓ10ڒbyڒincreasedڒitڒyearռڒprevious Լ2020րڒԕԓռԕ00ڒcontractsԽڒandڒthusڒreachedڒaڒnewڒallՒ ڒacquisitionڒtheڒwasڒthisڒforڒreasonڒmainڒTheڒhighսڒtime ofڒnewڒcustomersڒandڒtheڒexpansionڒofڒexistingڒcusՒ ڒrelationshipsսڒtomer

ڒContract portfolio ^Ԣ

inڒthousandsڒ	ԣԡԣԢ	ԣԡԣԡ	Change ٝڒinڒ
AllaneڒMobilityڒGroupڒ	Ԣԣԩօԩ	ԢԣԪօԪ	Ւԡօԩ
thereofڒOnlineڒRetailڒ	ԤԧօԦ	Ԥԩօԧ	ԼԦօԥԽ
thereofڒFleetڒLeasingڒ	ԤԤօԤ	ԤԨօԩ	ԼԢԢօԪԽ
thereofڒFleetڒManagementڒ	ԪԦ օԡ	ԦԤօԦ	ԢԡօԤ

ڒserviceڒcontractsռڒmanagementڒfleetڒcontractsռڒLeasingڒInclս ¹ ڒyetڒnotڒhasڒvehicleڒtheڒwhichڒforڒԼcontractsռڒbookڒorderڒandڒcontracts ڒdeliveredԽսڒbeen

Ԥօ Contractڒandڒrevenueڒperformanceڒ ڒunitsڒbusinessڒtheڒof

ԤօԢ Leasingڒbusinessڒunitڒ

ڒatڒportfolioڒcontractڒtheڒunitռڒbusinessڒLeasingڒtheڒIn ڒcontractsռڒ00ԗԚռԙڒtotalledڒyearڒreportingڒtheڒofڒendڒthe ڒDecemberڒ1ԓڒofڒasڒfigureڒtheڒbelowڒٝԙսԗڒwasڒwhich

ڒcontractڒtheڒtimeռڒsameڒtheڒAtڒcontractsԽսڒ00ԼԘԗռԔڒ2020 ڒbyڒdeclinedڒfieldڒbusinessڒRetailڒOnlineڒtheڒinڒportfolio ԕսԔٝڒtoڒԓԗռԕ00ڒcontractsڒԼ2020րڒԓԙռԗ00ڒcontractsԽսڒ ڒbusinessڒLeasingڒFleetڒtheڒinڒportfolioڒcontractڒThe fieldڒfellڒbyڒ11սԚٝڒtoڒԓԓռԓ00ڒcontractsڒԼ2020րڒԓԘռԙ00ڒ ڒڒcontractsԽս

ڒٝսԘ2ڒbyڒfellڒunitڒbusinessڒLeasingڒtheڒinڒrevenueڒTotal toڒEURڒԗ2ԕս1ڒmillionڒinڒtheڒreportingڒyearڒԼ2020րڒEURڒ ԗԔ2ս1ڒmillionԽսڒOperatingڒrevenueڒԼsegmentڒrevenueڒexՒ cludingڒproceedsڒfromڒtheڒsaleڒofڒleaseڒreturnsԽڒdeՒ creasedڒbyڒ10սԙٝڒtoڒEURڒԓԓ2սԙڒmillionڒԼ2020րڒEURڒ ڒleasingڒusedڒofڒsaleڒtheڒfromڒRevenueڒmillionԽսڒ2ԓԘԓս vehiclesڒincreasedڒbyڒԙսԘٝڒtoڒEURڒ2Ԛ2սԓڒmillionڒԼ2020րڒ ڒڒmillionԽսڒԗԙսԚ2ڒEUR

Ԥօԣ FleetڒManagementڒbusinessڒunitڒ

ڒcontractڒtheڒunitռڒbusinessڒManagementڒFleetڒtheڒIn yearՒڒٝսԓ10ڒbyڒincreasedڒ2021ڒofڒendڒtheڒatڒportfolio onՒyearڒtoڒԕԚռ000ڒcontractsڒԼ2020րڒԕԓռԕ00ڒcontractsԽռڒ ڒestablishedսڒwasڒunitڒbusinessڒtheڒsinceڒrecordڒnewڒa

ڒtoڒ2ٝԚսڒbyڒincreasedڒrevenueڒtotalڒunitիsڒbusinessڒThe EURڒ11ԕսԓڒmillionڒinڒ2021ڒԼ2020րڒEURڒ10ԕսԗڒmillionԽսڒOpՒ ڒmillionڒ2ԕԓսڒEURڒtoڒٝԗսԔڒbyڒincreasedڒrevenueڒerating Լ2020րڒEURڒԕ0ս0ڒmillionԽսڒRevenueڒfromڒtheڒsaleڒofڒcusՒ tomerڒvehiclesڒincreasedڒbyڒ11սԙٝڒtoڒEURڒԗ2ս1ڒmillionڒ Լ2020րڒEURڒԕԕսԗڒmillionԽսڒTheڒmarketingڒofڒcustomerڒ vehiclesڒasڒanڒadditionalڒserviceڒisڒelicitingڒdifferingڒreՒ ڒneedsսڒtheirڒonڒdependingڒcustomersռڒfromڒsponses ڒvehicleڒfromڒrevenueڒofڒdevelopmentڒtheڒConsequentlyռ ڒbusinessڒManagementڒFleetڒtheڒinڒvolatileڒmoreڒisڒsales ڒڒunitսڒbusinessڒLeasingڒtheڒinڒthanڒunit

ԥօ Earningsڒdevelopmentڒ

ڒڒԼcondensedԽڒstatementڒincomeڒConsolidated

			ڒAbsolute	Change
inڒEURڒmillionڒ	ԣԡԣԢ	ԣԡԣԡ	change	ٝڒin
Consolidatedڒrevenueڒ	Ԩ ԥԡօԦ	ԨԥԨօԨ	ԼԨօԣԽ	ԼԢօԡԽ
ThereofڒconsolidatedڒoperatingڒrevenueԢ	Ԥԩԧօԡ	ԥԣԤօԤ	ԼԤԨօԤԽ	ԼԩօԩԽ
Fleetڒexpensesڒandڒcostڒofڒleaseڒassetsڒ	ԥԨԤօԢ	ԥԨԤօԩ	ԼԡօԨԽ	ԼԡօԢԽ
Personnelڒexpensesڒ	Ԧ ԡօԢ	ԥԣօԪ	Ԩօԣ	Ԣԧօԧ
Netڒlossesڒfromڒfinancialڒassetsڒ	ԥօԡ	ԥօԡ	ԡօԡ	ԡօԡ
NetڒotherڒoperatingڒincomeՎexpenseڒ	ԼԣԪօԤԽ	ԼԢԦօԧԽ	ԼԢԤօԨԽ	ԩԨօԩ
EarningsڒbeforeڒinterestքڒtaxesքڒdepreciationڒandڒamortisationڒԼEBITDAԽڒ	Ԣԩԥօԡ	ԣԢԢօԥ	ԼԣԨօԥԽ	ԼԢԤօԡԽ
Depreciationڒandڒamortisationڒexpenseڒ	ԢԨԢօԡ	ԢԪԢօԣ	ԼԣԡօԣԽ	ԼԢԡօԧԽ
EarningsڒbeforeڒinterestڒandڒtaxesڒԼEBITԽڒ	ԢԤօԡ	ԣԡօԣ	ԼԨօԣԽ	ԼԤԦօԨԽ
Netڒfinanceڒcostsڒ	ԼԧօԪԽ	ԼԢԢօԢԽ	ԥօԣ	ԤԩօԢ
EarningsڒbeforeڒtaxesڒԼEBTԽڒ	ԧ օԢ	ԪօԢ	ԼԤօԡԽ	ԼԤԣօԨԽ
OperatingڒreturnڒonڒrevenueڒԼٝԽڒ	Ԣօԧ	ԣօԣ	ԼԡօԧڒpointsԽ
Incomeڒtaxڒexpenseڒ	ԡօԤ	ԧօԪ	ԼԧօԧԽ	ԼԪԦօԩԽ
Consolidatedڒprofitڒ	Ԧ օԩ	ԣօԣ	Ԥօԧ	ԢԧԩօԨ
EarningsڒperڒshareԣڒԼinڒEURԽڒՒڒbasicڒandڒdilutedڒ	ԡօԣԩ	ԡօԢԢ	ԡօԢԨ

1 ڒreturnedڒofڒsaleڒtheڒfromڒrevenueڒԼwithoutڒrevenueڒmanagementڒfleetڒandڒbusinessڒleasingڒfromڒrevenueڒotherڒrateԽռڒԼfinanceڒrevenueڒLeasing ڒ ڒvehiclesԽս

2 ڒsharesڒmillionڒսԗ20ڒonڒBased ڒ

ڒbyڒdecreasedڒassetsڒleaseڒofڒcostڒandڒexpensesڒFleet 0ս1ٝڒtoڒEURڒԔԘԓս1ڒmillionڒԼ2020րڒEURڒԔԘԓսԙڒmillionԽսڒAdՒ ڒtheڒwithڒconnectionڒinڒincurredڒexpenditureڒbyڒjusted ڒleaseڒofڒcostڒandڒexpensesڒfleetڒassetsռڒleaseڒofڒsale assetsڒrecordedڒaڒdeclineڒofڒԘս0ٝռڒslightlyڒlessڒthanڒtheڒ ڒturnoverսڒoperatingڒGroupڒinڒdecline

Personnelڒexpensesڒincreasedڒbyڒ1ԗսԗٝڒtoڒEURڒԕ0ս1ڒ millionڒԼ2020րڒEURڒԔ2սԚڒmillionԽռڒinڒparticularڒdueڒtoڒtheڒ ڒcarveՒoutڒITڒtheڒofڒresultڒaڒasڒresourcesڒITڒinڒincrease ڒSEսڒSixtڒfrom

ڒexpensesڒandڒincomeڒoperatingڒotherڒofڒbalanceڒThe increasedڒbyڒԙԘսԙٝڒtoڒEURڒՒ2ԚսԓڒmillionڒԼ2020րڒEURڒڒ Ւ1ԕսԗڒmillionԽռڒdueڒtoڒcostsڒinڒtheڒITռڒlegalڒandڒconsultՒ ڒdecreasedڒincomeڒoperatingڒotherڒwherebyڒareasռڒing ڒincreasedսڒexpensesڒoperatingڒotherڒthanڒless

EarningsڒbeforeڒinterestռڒtaxesռڒdepreciationڒandڒamorՒ tisationڒԼEBITDAԽڒdecreasedڒbyڒ1ԓս0ٝڒtoڒEURڒ1ԙԔս0ڒmilՒ lionڒԼ2020րڒEURڒ211սԔڒmillionԽսڒ

ڒtoڒٝսԗ10ڒbyڒdecreasedڒamortisationڒandڒDepreciation EURڒ1Ԙ1ս0ڒmillionڒԼ2020րڒEURڒ1Ԛ1ս2ڒmillionԽսڒ

ڒEURڒtotalledڒԼEBITԽڒtaxesڒandڒinterestڒbeforeڒEarnings ڒbeforeڒyearڒtheڒthanڒlessڒٝԓԕսԘڒwasڒwhichڒmillionռڒ0ԓս1 Լ2020րڒEURڒ20ս2ڒmillionԽսڒڒ

ڒimprovedڒreviewڒunderڒyearڒtheڒinڒcostsڒfinanceڒNet ڒmillionڒՒԗսԚڒEURڒtoڒ1ٝԓԙսڒbyڒupڒagainռڒonceڒsignificantly Լ2020րڒEURڒՒ11ս1ڒmillionԽսڒTheڒimprovementڒinڒtheڒfinanՒ cialڒresultڒisڒdueڒtoڒtheڒdecreaseڒinڒtheڒfinancingڒvolՒ ڒbondڒtheڒofڒrefinancingڒfavourableڒmoreڒtheڒandڒume issuedڒinڒtheڒ201ԘڒfinancialڒyearڒandڒrepaidڒinڒDecemՒ ڒս2020ڒber

ڒforڒGroupڒMobilityڒAllaneڒofڒԼEBTԽڒtaxesڒbeforeڒEarnings ڒmillionռڒ1ԗսڒEURڒtoڒamountedڒyearڒfinancialڒ2021ڒthe whichڒisڒԓ2սԘٝڒdownڒonڒtheڒpreviousڒyearխsڒfigureڒofڒ ڒmillionսڒ1ԚսڒEUR

ڒofڒԼratioڒrevenueڒonڒreturnڒoperatingڒtheڒConsequentlyռ EBTڒtoڒoperatingڒrevenueԽڒcameڒtoڒ1սԗٝڒԼ2020րڒ2ս2ٝԽսڒ

ڒmillionڒսԓ0ڒEURڒtoڒٝԚԕսԙڒbyڒdecreasedڒtaxesڒIncome Լ2020րڒEURڒԗսԚڒmillionԽսڒTheڒmainڒreasonڒforڒthisڒdevelՒ ڒyearռڒpreviousڒtheڒinڒexpensesڒtaxڒdeferredڒisڒopment ڒfinancialڒtheڒinڒincomeڒtaxڒdeferredڒbyڒoffsetڒareڒwhich ڒtoڒdueڒassetsڒtaxڒdeferredڒofڒrecognitionڒtheڒfromڒyear ڒbalanceڒtaxڒtheڒinڒprovisionڒaڒofڒnonՒrecognitionڒthe ڒٝԗԙսԘ1ڒtheڒforڒreasonڒmainڒtheڒwasڒThisڒsheetս

increaseڒinڒconsolidatedڒprofitڒtoڒEURڒԕսԙڒmillionڒԼ2020րڒ ڒyearսڒreportingڒtheڒinڒmillionԽڒ2ս2ڒEUR

expecՒڒtheڒofڒshortڒfellڒyearڒfinancialڒ2021ڒtheڒOverallռ ڒrevenueڒoperatingڒandڒportfolioڒcontractڒtheڒforڒtations ڒTheڒreportսڒmanagementڒyearխsڒpreviousڒtheڒinڒoutڒset ڒindicatorsڒperformanceڒfinancialڒbothڒofڒexpectations ڒresultڒTheڒս2021ڒDecemberڒinڒadjustedڒalreadyڒwere ڒtheڒinڒexpectationsڒwithinڒwasڒactivitiesڒordinaryڒfrom ڒyearսڒfinancialڒ2021

Ԧօ Netڒassetsڒ

ڒAllaneڒtheڒofڒassetsڒtotalڒtheڒռ2021ڒDecemberڒ1ԓڒofڒAs MobilityڒGroupڒcameڒtoڒEURڒ1ռ1ԚԔսԙڒmillionռڒEURڒ100սԘڒ ڒԼEURڒ2020ڒDecemberڒ1ԓڒonڒthanڒlessڒٝԘսԙڒorڒmillion 1ռ2ԚԕսԗڒmillionԽսڒڒ

ڒbyڒyearՒonՒyearڒdecreasedڒwhichڒassetsռڒNonՒcurrent EURڒԙ0ս0ڒmillionڒtoڒEURڒ1ռ0ԕ1սԗڒmillionڒԼ2020րڒEURڒ 1ռ1ԓ1սԗڒmillionփڒՒԘս1ٝԽڒareڒstillڒdominatedڒbyڒleaseڒassetsսڒ ڒEURڒbyڒfellڒassetsڒleaseڒcomparisonռڒdateڒreferenceڒBy ԚԘս1ڒmillionڒorڒԙսԚٝڒtoڒEURڒԚԚԕսԔڒmillionڒԼ2020րڒEURڒ 1ռ0Ԛ2սԕڒmillionԽսڒAsڒaڒproportionڒofڒtotalڒassetsռڒitsڒshareڒ decreasedڒslightlyڒtoڒԙԓսԓٝڒԼ2020րڒԙԔսԓٝԽսڒAmongڒtheڒ ڒintangibleڒallڒaboveڒassetsռڒnonՒcurrentڒofڒitemsڒother assetsڒasڒwellڒasڒpropertyڒandڒequipmentڒincreasedսڒInՒ ڒEURڒtoڒ2ٝԚս2ڒorڒmillionڒԕսԕڒEURڒbyڒroseڒassetsڒtangible 2Ԕս2ڒmillionڒԼ2020րڒEURڒ1ԙսԘڒmillionԽڒdueڒtoڒfurtherڒinՒ vestmentsڒinڒinternallyڒgeneratedڒsoftwareڒinڒtheڒreՒ ڒEURڒbyڒincreasedڒequipmentڒandڒPropertyڒyearսڒporting ڒaڒtoڒdueڒmainlyڒmillionռڒ1ԕս2ڒEURڒtoڒ0ٝԘԕսڒorڒmillionڒսԙ10 ڒusedڒnewڒaڒforڒagreementڒleaseڒaڒfromڒuseڒofڒrightڒnew ڒBerlinսڒinڒlocationڒmarketingڒcar

ڒyearռڒlastڒofڒdateڒreportingڒsameڒtheڒwithڒCompared ڒٝսԗ12ڒorڒmillionڒսԘ20ڒEURڒbyڒdecreasedڒassetsڒcurrent toڒEURڒ1Ԕԓս2ڒmillionڒԼ2020րڒEURڒ1ԗԓսԚڒmillionԽսڒThisڒwasڒ ڒwhichڒinventoriesռڒinڒdecreaseڒtheڒofڒresultڒtheڒlargely ڒandڒsaleڒforڒheldڒvehiclesڒfleetڒleaseڒincludeڒmainly customerڒvehiclesռڒasڒwellڒasڒtheڒdecreaseڒinڒotherڒreՒ ceivablesڒandڒassetsսڒInventoriesڒfellڒbyڒEURڒ1Ԕս0ڒmilՒ lionڒorڒ2ԗսԘٝڒtoڒEURڒԓԙսԕڒmillionڒԼ2020րڒEURڒԕ2սԕڒ ڒcomparedڒreturnsڒvehicleڒinڒdeclineڒtheڒtoڒdueڒmillionԽ ڒfellڒassetsڒandڒreceivablesڒOtherڒyearսڒpreviousڒtheڒto byڒEURڒ10սԙڒmillionڒorڒ2ԙսԙٝڒtoڒEURڒ2ԗսԘڒmillionڒԼ2020րڒ ڒinڒdecreaseڒtheڒtoڒdueڒmainlyڒisڒThisڒmillionԽսڒԓԘսԕڒEUR ڒandڒmillionڒ1ԕսڒEURڒbyڒleasesڒfinanceڒfromڒreceivables ڒandڒtaxesڒaddedڒvalueڒfromڒreceivablesڒinڒdecreaseڒthe ڒtradeڒcontrastռڒInڒmillionսڒսԔ2ڒEURڒbyڒtaxesڒother

ڒEURڒtoڒٝԙսԘڒorڒmillionڒ0ԗսڒEURڒbyڒincreasedڒreceivables Ԙԕս2ڒmillionڒԼ2020րڒEURڒԗԚս2ڒmillionԽڒdueڒtoڒtheڒbalanceڒ ڒdateսڒsheet

IncomeڒtaxڒreceivablesڒasڒofڒtheڒreportingڒdateڒdeՒ ڒmillionڒսԘ0ڒEURڒtoڒ0ٝԕս2ڒorڒmillionڒ2ս0ڒEURڒcreased Լ2020րڒEURڒ0սԚڒmillionԽսڒ

ڒbalanceڒConsolidated ڒԼcondensedԽڒsheet

ڒAssets
inڒEURڒmillionڒ	ԣԡԣԢ	ԣԡԣԡ
NonՒcurrent ڒassetsڒ
Intangibleڒassetsڒ	ԣԥօԣ	ԢԩօԨ
Leaseڒassetsڒ	ԦԪԪ օԥ	ԢքԡԪԣօԦ
Otherڒڒ	Ԥԣօԡ	ԣԡօԥ
Current ڒassetsڒ
Inventoriesڒ	ԤԩօԦ	ԦԣօԦ
Bankڒbalancesڒ	ԢօԨ	ԣօԥ
Otherڒڒ	ԢԡԤօԡ	ԢԡԪօԡ
Assetsڒ	ԢքԢԪԥօԩ	ԢքԣԪԦօԧ

ԦօԢ Equityڒ

ڒGroupիsڒMobilityڒAllaneڒtheڒռ2021ڒDecemberڒ1ԓڒofڒAs ڒbyڒincreaseڒTheڒmillionսڒ2ս220ڒEURڒtoڒamountedڒequity EURڒԘսԓڒmillionڒorڒԓսԔٝռڒcomparedڒtoڒtheڒsameڒreportՒ ingڒdateڒofڒtheڒpreviousڒyearڒԼ2020րڒEURڒ212սԚڒmillionԽռڒ ڒconsolidatedڒgeneratedڒtheڒofڒresultڒtheڒessentiallyڒis ڒEURڒofڒdividendڒtheڒforڒoutflowڒcashڒtheڒminusڒprofit fiՒڒ2020ڒtheڒforڒyearڒreportingڒtheڒinڒoutڒpaidڒmillionڒսԔ0 ڒtoڒٝԗսԔ1ڒfromڒincreasedڒratioڒequityڒTheڒyearսڒnancial 1ԙսԔٝڒofڒtheڒbalanceڒsheetڒtotalռڒmainlyڒdueڒtoڒtheڒdeՒ ڒlowerڒofڒresultڒaڒasڒtotalڒsheetڒbalanceڒtheڒinڒcrease ڒassetsսڒleasing

ڒSEڒAllaneڒofڒcapitalڒshareڒtheڒdateռڒreportingڒtheڒofڒAs ڒmillionսڒսԗ20ڒEURڒatڒunchangedڒwas

ڒsheetڒbalanceڒConsolidated ڒԼcondensedԽ

ڒliabilitiesڒandڒEquity

inڒEURڒmillionڒ	ԣԡԣԢ	ԣԡԣԡ
Equityڒ	ԣԣԡօԣ	ԣԢԣօԪ
NonՒcurrent ڒ liabilities ڒandڒ provisions ڒ
Financialڒliabilitiesڒ	ԤԢԥօԨ	ԧԨԢօԨ
Miscellaneousڒ	ԥԦօԤ	Ԧԡօԩ
ڒCurrent liabilities ڒandڒ provisions ڒ
Financialڒliabilitiesڒ	ԥԪԡօԢ	ԣԧԥօԣ
Miscellaneousڒ	ԢԣԥօԦ	Ԫԧօԡ
Equityڒandڒliabilitiesڒ	ԢքԢԪԥօԩ	ԢքԣԪԦօԧ

Ԧօԣ Liabilitiesڒ

Asڒofڒԓ1ڒDecemberڒ2021ռڒtheڒGroupڒreportedڒnonՒcurՒ rentڒliabilitiesڒandڒprovisionsڒofڒEURڒԓԗ0ս0ڒmillionڒ Լ2020րڒEURڒԘ22սԕڒmillionփڒՒԕ0ս2ٝԽսڒThisڒwasڒmainlyڒdueڒ ڒbyڒliabilitiesڒfinancialڒnonՒcurrentڒinڒdecreaseڒtheڒto EURڒԓԕԘս0ڒmillionڒtoڒEURڒԓ1ԔսԘڒmillionڒԼ2020րڒEURڒԗԘ1սԘڒ millionփڒՒԕԓս2ٝԽսڒThisڒisڒmainlyڒdueڒtoڒtheڒbondڒissuedڒ ڒwasڒwhichڒռ2022ڒinڒmaturingڒyearڒfinancialڒԙ201ڒtheڒin ڒliabilitiesڒfinancialڒnonՒcurrentڒunderڒreportedڒlongerڒno asڒatڒԓ1ڒDecemberڒ2021ռڒbutڒwithڒEURڒ2ԔԚսԘڒmillionڒunՒ ڒrequiredڒtheڒadditionռڒInڒliabilitiesսڒfinancialڒcurrentڒder ڒtheڒtoڒdueڒdecreasedڒgenerallyڒhasڒvolumeڒfinancing ڒassetsսڒleasingڒinڒdecline

ڒDecemberڒ1ԓڒofڒasڒprovisionsڒandڒliabilitiesڒCurrent 2021ڒamountedڒtoڒEURڒԗ1ԔսԗڒmillionڒԼ2020րڒEURڒԓԗ0ս2ڒ millionԽսڒTheڒincreaseڒbyڒEURڒ2ԕԔսԔڒmillionڒorڒԘ0սԗٝڒ wasڒessentiallyڒdueڒtoڒincreasingڒcurrentڒfinancialڒliabilՒ itiesڒbyڒEURڒ22ԕսԚڒmillionڒorڒԙԕսԕٝڒtoڒEURڒԔԚ0ս1ڒmillionڒ Լ2020րڒEURڒ2ԗԔս2ڒmillionԽڒtoڒrefinanceڒtheڒrepaidڒ201Ԙڒ ڒtheڒofڒreportingڒaboveՒmentionedڒtheڒfromڒandڒbond ڒCurrentڒliabilitiesսڒfinancialڒcurrentڒunderڒbondڒԙ201 ڒٝսԔ122ڒorڒmillionڒԓսԔڒEURڒbyڒincreasedڒprovisionsڒother ڒmainlyڒisڒThisڒmillionսڒԗսԓڒEURڒtoڒmillionڒսԚ2ڒEURڒfrom ڒrevocationڒfromڒSEڒAllaneڒagainstڒdisputesڒlegalڒtoڒdue ڒsecondڒtheڒtoڒregardڒwithڒcontractsڒleasingڒforڒactions ڒofڒsomeڒofڒcourseڒfurtherڒtheڒcontextռڒthisڒInڒinstanceս ڒoutstandingڒofڒtimingڒtheڒonڒdependsڒcasesڒopenڒthe rulingsڒbyڒtheڒFederalڒSupremeڒCourtڒandڒՎڒorڒtheڒEuroՒ ڒSEսڒAllaneڒofڒcasesڒindividualڒonڒJusticeڒofڒCourtڒpean ڒotherڒanڒtoڒsubjectڒisڒSEڒAllaneڒcasesռڒopenڒtheseڒFor ڒmillionռڒսԚ1ڒEURڒofڒamountڒtheڒinڒobligationڒfinancial ڒpresentռڒAtڒprovisionsսڒtheڒinڒrecognisedڒnotڒwasڒwhich

ڒwillڒitڒthatڒunlikelyڒitڒconsidersڒGroupڒMobilityڒAllaneڒthe ڒregardսڒthisڒinڒuponڒcalledڒbe

ڒEURڒtoڒٝԓԘսԓڒorڒmillionڒԘսԚ1ڒEURڒbyڒroseڒpayablesڒTrade ԗԕսԘڒmillionڒԼ2020րڒEURڒԔԘսԙڒmillionԽսڒڒ

ԧօ Financialڒpositionڒ

ԧօԢ Financialڒmanagementڒandڒfinancialڒ ڒinstruments

ڒGroupڒMobilityڒAllaneڒtheڒofڒmanagementڒfinancialڒThe isڒcentralisedڒwithinڒtheڒfinanceڒdepartmentڒonڒtheڒbaՒ ڒaڒasڒwellڒasڒpoliciesڒriskڒandڒguidelinesڒinternalڒofڒsis monthlyڒGroupڒfinanceڒplanningսڒTheڒkeyڒtasksڒoverՒ seenڒincludeڒsafeguardingڒliquidityռڒcostՒorientedڒlongՒ termڒcoverageڒofڒfinancingڒrequirementsڒofڒtheڒconsoliՒ ڒcreditڒandڒrateڒinterestڒmanagingڒcompaniesռڒdated risksڒasڒwellڒasڒmaturityՒmatchingڒrefinancingսڒOperaՒ ڒeffectedڒareڒmanagementڒcashڒandڒcontrolڒliquidityڒtive centrallyڒbyڒtheڒGroupխsڒFinanceڒdepartmentڒforڒallڒconՒ ڒcompaniesսڒsolidated

ڒassetڒanڒofڒconsistڒmainlyڒinstrumentsڒfinancingڒThe ڒfromڒloansڒbondռڒaڒprogrammeռڒԼABSԽڒsecuritiesڒbacked ڒcreditڒbilateralڒasڒwellڒasڒAGڒBankڒConsumerڒSantander linesڒwithڒotherڒbanksսڒTheڒsaleՒandՒleaseՒbackڒtransՒ ڒpreviousڒinڒexistedڒstillڒthatڒloansԽڒԼpurchaseڒactions ڒս2021ڒDecemberڒ1ԓڒofڒasڒexpiredڒhaveڒyears

priՒڒwasڒGroupڒMobilityڒAllaneڒtheڒ2021ڒofڒendڒtheڒatڒAs ڒinstrumentsրڒfollowingڒtheڒbyڒfinancedڒmarily

• BondڒwithڒaڒnominalڒvalueڒofڒEURڒ2ԕ0ڒmillionڒmaturՒ ingڒinڒ2022ռڒcouponڒofڒ1սԕٝڒpսaսڒԼtheڒbondڒwasڒalՒ ڒrefinancedڒandڒ2022ڒFebruaryڒ2ڒonڒearlyڒrepaidڒready ڒAGԽռڒBankڒConsumerڒSantanderڒfromڒloansڒby
• CurrentڒandڒnonՒcurrentڒdrawingsڒfromڒtheڒABSڒproՒ ڒmaturingڒratesռڒinterestڒmarketڒvariableڒwithڒgramme ڒasڒwellڒasڒԘ202ڒtoڒup
• ڒloansڒbankڒfromڒdrawingsڒnonՒcurrentڒandڒCurrent ڒfromڒparticularڒinڒratesռڒinterestڒmarketڒvariableڒwith ڒcommittedڒtheseڒOfڒAGսڒBankڒConsumerڒSantander ڒbeenڒnotڒhaveڒmillionڒԕԕԙսԘڒEURڒlinesռڒcreditڒbank ڒս2021ڒDecemberڒ1ԓڒofڒasڒdownڒdrawn

ԧօԣ Liquidityڒpositionڒ

ڒstatementڒflowڒcashڒConsolidated ڒԼcondensedԽ

inڒEURڒmillionڒ	ԣԡԣԢ	ԣԡԣԡ
GrossڒCashڒflowڒ	ԢԤԩօԨ	ԢԪԩօԦ
Cashڒinflowڒfromڒoperatingڒactivitiesڒ	ԢԦԨօԪ	ԥԢօԢ
Cashڒoutflowڒfromڒinvestingڒactivitiesڒ	ԼԢԧօԢԽ	ԼԢԢօԣԽ
Cashڒoutflowڒfromڒfinancingڒactivitiesڒ	ԼԢԥԣօԣԽ	ԼԤԡօԧԽ
CashՒeffective changeڒ ڒinڒ ڒandڒcash
cashڒequivalentsڒ	ԼԡօԥԽ	ԼԡօԩԽ

ڒcashڒgrossڒaڒreportsڒGroupڒMobilityڒAllaneڒtheڒռ2021ڒFor ڒlessڒmillionڒԕԚսԙڒEURڒisڒwhichڒmillionռڒԓԙսԘ1ڒEURڒofڒflow thanڒtheڒfigureڒforڒtheڒprecedingڒyearڒԼ2020րڒEURڒ1Ԛԙսԕڒ ڒnetڒandڒassetsڒleaseڒinڒchangesڒforڒAdjustedڒmillionԽս workingڒcapitalռڒthisڒresultsڒinڒnetڒcashڒflowsڒfromڒoperՒ atingڒactivitiesڒofڒEURڒ1ԕԘսԚڒmillionڒԼ2020րڒcashڒinflowڒ ofڒEURڒԔ1ս1ڒmillionԽսڒTheڒchangeڒisڒessentiallyڒdueڒtoڒ higherڒincomeڒfromڒdisposalsڒofڒleaseڒassetsڒandڒsigՒ nificantlyڒlowerڒexpensesڒforڒinvestmentsڒinڒleaseڒasՒ ڒsetsս

ڒEURڒtoڒamountedڒactivitiesڒinvestingڒinڒusedڒcashڒNet 1ԗս1ڒmillionڒԼ2020րڒcashڒoutflowڒofڒEURڒ11ս2ڒmillionԽռڒesՒ sentiallyڒdueڒtoڒtheڒinvestmentsڒmadeڒinڒintangibleڒasՒ ڒsetsս

ڒEURڒofڒoutflowڒcashڒaڒinڒresultedڒactivitiesڒFinancing 1Ԕ2ս2ڒmillionڒԼ2020րڒcashڒoutflowڒofڒEURڒԓ0սԗڒmillionԽսڒ ڒbyڒoffsetڒwereڒmillionڒԓԕսԔڒEURڒofڒreceivedڒPayments dividendڒpaymentsڒasڒwellڒasռڒinڒparticularռڒtheڒrepayՒ ڒEURڒofڒamountڒtotalڒtheڒinڒliabilitiesڒfinancialڒofڒment ڒmillionսڒ2ԘԘս1

ڒcashڒtotalڒratesռڒexchangeڒtoڒrelatingڒchangesڒAfter ڒinڒreductionڒaڒinڒresultedڒ2021ڒDecemberڒ1ԓڒofڒasڒflows ڒmillionڒսԔ0ڒEURڒbyڒdownڒequivalentsռڒcashڒandڒcash Լ2020րڒdecreaseڒofڒEURڒ0սԙڒmillionԽսڒCashڒandڒcashڒ equivalentsڒofڒEURڒՒ0սԔڒmillionڒcorrespondڒtoڒtheڒitemڒ ڒtheڒinڒmillionڒսԘ1ڒEURڒofڒamountڒtheڒinڒbalancesիڒժbank ڒfacilitiesڒoverdraftڒnegativeڒwithڒnettedڒsheetռڒbalance ڒamountڒtheڒinڒliabilitiesڒfinancialڒcurrentڒunderڒreported ڒmillionսڒ1ս2ڒEURڒof

ԧօԤ Investmentsڒ

ڒaڒwithڒvehiclesڒaddedڒGroupڒMobilityڒAllaneڒtheڒռ2021ڒIn totalڒvalueڒofڒEURڒԓ1ԕսԙڒmillionڒԼ2020րڒEURڒԔԓ0սԓڒmilՒ lionփڒՒ2ԗսԗٝԽڒtoڒtheڒleasingڒfleetսڒThisڒisڒmainlyڒdueڒtoڒ

ڒeconomicڒoverallڒtheڒofڒrecoveryڒaboveՒmentionedڒthe ڒtheڒasڒwellڒasڒexpectationsռڒofڒshortڒfellڒwhichڒsituationռ worseningڒCOVIDՒ1Ԛڒsituationռڒwhichڒcontinuesڒtoڒhaveڒ ڒtheڒtoڒdueڒbehaviourڒmobilityڒonڒimpactڒsignificantڒa ڒwereڒInvestmentsڒintroducedսڒmeasuresڒgovernment ڒnewڒforڒbottlenecksڒdeliveryڒbyڒaffectedڒnegativelyڒalso ڒvehiclesս

Ԩօ Segmentڒreportsڒ

ԨօԢ Leasingڒsegmentڒ

ԨօԢօԢ Industryڒdevelopmentڒ

Duringڒtheڒfirstڒhalfڒofڒ2021ռڒtheڒEuropeanڒleasingڒinՒ ڒyearڒfullڒtheڒinڒ2ٝԔս1ڒofڒdeclineڒaڒafterڒrecoveredڒdustry ڒassociationڒindustryڒtheڒtoڒAccordingڒս2020 LeaseuropeռڒtheڒnewڒbusinessڒvolumeڒforڒleasingڒcomՒ paniesڒincreasedڒbyڒԓ2ս1ٝڒtoڒEURڒ1ԕ2սԚڒbillionڒcomՒ ڒtheڒAtڒyearսڒpreviousڒtheڒinڒperiodڒsameڒtheڒtoڒpared ڒequipmentڒandڒvehicleڒinڒbusinessڒnewڒtimeռڒsame leasingڒincreasedڒbyڒԓԚսԔٝڒandڒ2ԔսԘٝڒrespectivelyս

TheڒGermanڒleasingڒmarketռڒtheڒsecondڒbiggestڒinڒEuՒ ropeڒafterڒtheڒUKռڒalsoڒrecoveredڒslightlyڒafterڒtheڒseՒ ڒpandemicսڒtheڒbyڒcausedڒ2020ڒinڒdeclineڒvere AccordingڒtoڒtheڒFederalڒAssociationڒofڒGermanڒLeasՒ ingڒCompaniesڒԼBDLփڒBundesverbandڒDeutscherڒLeasՒ ڒinڒgrowthڒrecordedڒindustryڒtheڒingՒUnternehmenԽռ purՒڒhireڒandڒleasingڒԼinclսڒ2ٝڒofڒvaluesڒacquisition ڒpurchaseԽڒhireڒԼexcludingڒsegmentڒleasingڒTheڒchaseԽս increasedڒbyڒ0սԗٝսڒڒ

ڒSources

ڒս2022ڒJanuaryڒԗ2ڒռ2021

ڒOctoberڒ12ڒresultsռڒ2021ڒ1Hڒandڒ2020ڒinڒoverviewڒMarketڒLeaseuropeռ ڒփ2021 ڒindustryڒleasingڒtheڒinڒdevelopmentڒbusinessڒforڒforecastڒFirstڒBDLռ

ԨօԢօԣ Businessڒdevelopmentڒ

ڒbusinessڒtheڒcomprisesڒunitڒbusinessڒLeasingڒThe ڒasڒleasingԽڒcustomerڒԼcorporateڒLeasingڒFleetڒofڒfields ڒleasingڒcommercialڒandڒԼprivateڒRetailڒOnlineڒasڒwell ڒڒcustomersԽս

ڒgeneratedڒunitڒbusinessڒtheڒyearռڒfinancialڒ2021ڒtheڒIn totalڒrevenueڒofڒEURڒԗ2ԕս1ڒmillionռڒaڒdecreaseڒofڒ2սԘٝڒ Լ2020րڒEURڒԗԔ2ս1ڒmillionԽսڒTheڒsegmentխsڒoperatingڒrevՒ ڒEURڒtoڒٝսԙ10ڒbyڒfellڒrevenuesԽڒsalesڒԼexcludingڒenue ԓԓ2սԙڒmillionڒԼ2020րڒEURڒԓԘԓս2ڒmillionԽսڒAtڒtheڒsameڒ ڒٝԘսԚڒbyڒdecreasedڒrateԽڒԼfinanceڒrevenueڒleasingڒtimeռ

toڒEURڒ1ԚԚսԔڒmillionڒԼ2020րڒEURڒ21ԗսԕڒmillionԽսڒOtherڒ ڒmainlyڒcomprisingڒbusinessռڒleasingڒtheڒfromڒrevenue ڒEURڒtoڒٝԔսԚ1ڒbyڒdecreasedڒservicesռڒfromڒrevenues 1ԓԓսԔڒmillionڒԼ2020րڒEURڒ1ԕԗսԙڒmillionԽսڒRevenueڒfromڒ theڒsaleڒofڒvehiclesڒincreasedڒbyڒԙսԘٝڒtoڒEURڒ2Ԛ2սԓڒmilՒ lionڒԼ2020րڒEURڒ2ԗԙսԚڒmillionԽսڒڒ

ڒDecemberڒ1ԓڒofڒasڒportfolioڒcontractڒsegmentխsڒThe ڒٝԙսԗڒofڒdecreaseڒaڒcontractsռڒ00ԗԚռԙڒtotalledڒ2021 ڒtheڒdateڒsameڒtheڒonڒrecordedڒfigureڒtheڒtoڒcompared yearڒbeforeڒԼ2020րڒԘԗռԔ00ڒcontractsԽսڒڒ

InڒtheڒFleetڒLeasingڒbusinessڒfieldռڒtheڒnumberڒofڒconՒ tractsڒdeceasedڒbyڒ11սԚٝڒtoڒԓԓռԓ00ڒcontractsڒԼ2020րڒ ԓԘռԙ00ڒcontractsԽսڒTheڒdeclineڒisڒmainlyڒdueڒtoڒtheڒbeՒ ڒsituationڒmacroeconomicڒtheڒofڒrecoveryڒlowՒexpected andڒtheڒeconomicڒimpactڒofڒtheڒCOVIDՒ1Ԛڒpandemicսڒ

ڒportfolioڒcontractڒtheڒfieldռڒbusinessڒRetailڒOnlineڒtheڒIn decreasedڒbyڒԕսԘٝڒtoڒԓԗռԕ00ڒԼ2020րڒԓԙռԗ00ڒcontractsԽսڒ ڒexpectedڒthanڒlowerڒtheڒtoڒdueڒmainlyڒwasڒthisڒAgainռ recoveryڒofڒtheڒoverallڒeconomicڒsituationڒandڒtheڒecoՒ nomicڒimpactڒofڒtheڒCOVIDՒ1Ԛڒpandemicսڒ

ڒofڒcostڒandڒexpensesڒfleetڒisڒitemڒexpenseڒmainڒThe leaseڒassetsڒinڒtheڒamountڒofڒEURڒԓԗԚս1ڒmillionڒԼ2020րڒ EURڒԓԙ0սԘڒmillionԽսڒ

TheڒbusinessڒunitխsڒearningsڒbeforeڒinterestռڒtaxesռڒdeՒ preciationڒandڒamortisationڒԼEBITDAԽڒfellڒinڒtheڒreportՒ ڒtheڒandڒportfolioڒcontractڒlowerڒtheڒwithڒlineڒinڒyearռڒing ڒEURڒtoڒ0ٝս12ڒbyڒrevenuesռڒusageՒrelatedڒinڒdecline 1ԙԓսԔڒmillionڒԼ2020րڒEURڒ20ԙսԓڒmillionԽսڒEarningsڒbeforeڒ taxesڒԼEBTԽڒwentڒdownڒԙս1ٝڒtoڒEURڒԕսԘڒmillionڒԼ2020րڒ EURڒԗս2ڒmillionԽսڒTheڒsegmentխsڒoperatingڒreturnڒonڒrevՒ ڒamountedڒthusڒrevenueԽڒsegmentڒԼEBTՎoperatingڒenue toڒ1սԘٝڒԼ2020րڒ1սԘٝԽսڒ

ڒڒfiguresڒKey ڒunitڒbusinessڒLeasing

			Change
inڒEURڒmillionڒ	ԣԡԣԢ	ԣԡԣԡ	ٝڒinڒ
LeasingڒrevenueڒԼfinanceڒrateԽ	ԢԪԪօԥ	ԣԢԧօԦ	ԼԨօԪԽ
Other revenueڒ fromڒ ڒleasingڒ
businessڒ	ԢԤԤօԥ	ԢԦԧօԩ	ԼԢԥօԪԽ
Salesڒrevenueڒ	ԣԪԣօԤ	ԣԧԩօԪ	ԩօԨ
Totalڒrevenueڒ	ԧ ԣԦօԢ	ԧԥԣօԢ	ԼԣօԨԽ
Earnings beforeڒ ڒinterestքڒ ڒtaxesք depreciation ڒandڒ
amortisationڒԼEBITDAԽڒ	ԢԩԤօԥ	ԣԡԩօԤ	ԼԢԣօԡԽ
Earnings ڒbeforeڒ ڒandڒinterest
taxesڒԼEBITԽڒ	Ԣԣօԥ	ԢԨօԢ	ԼԣԨօԦԽ
EarningsڒbeforeڒtaxesڒԼEBTԽڒ	Ԧ օԨ	ԧօԣ	ԼԩօԢԽ
Operating returnڒ ڒrevenueڒonڒ
ԼٝԽڒ	ԢօԨ	ԢօԨ	ԡօԡڒpoints

ڒfieldڒbusinessڒRetailڒOnline

ڒunderڒperiodڒtheڒDuringڒactivitiesրڒsalesڒandڒMarketing ڒsalesڒandڒmarketingڒseveralڒoutڒcarriedڒAllaneڒreviewռ campaignsڒinڒtheڒOnlineڒRetailڒbusinessڒfieldսڒTheseڒinՒ cludedռڒinڒparticularռڒtheڒsalesڒcooperationڒwithڒVehicuՒ ڒandڒStonicڒKiaڒtheڒwhichڒinڒռ2021ڒMarchڒinڒLidlڒandڒlum variousڒotherڒvehiclesڒwereڒmarketedڒtoڒprivateڒcusՒ tomersڒatڒspecialڒconditionsսڒTheڒcontractsڒwereڒconՒ ڒAllaneսڒwithڒcluded

ڒranڒagainڒAllaneڒyearڒreportingڒtheڒduringڒadditionռڒIn theڒժHotCarsիڒandڒժBlackڒLeasingڒFridayիڒspecialڒpromoՒ tionsڒviaڒsixtՒneuwagenսdeڒtoڒofferڒprivateڒandڒcomՒ ڒnewڒselectedڒofڒcontingentڒlimitedڒaڒcustomersڒmercial carڒmodelsڒatڒdiscountedڒpricesսڒCustomersڒalsoڒreՒ ڒofڒpartڒasڒofferڒentireڒtheڒonڒdiscountsڒspecialڒceived ڒpromotionսڒժSparathonիڒthe

DigitalisationڒofڒsalesրڒInڒtheڒreportingڒyearռڒAllaneڒinՒ troducedڒaڒcompletelyڒdigitalڒorderingڒprocessڒonڒsixtՒ ڒcustomersڒprivateڒenablesڒprocessڒTheڒneuwagenսdeս ڒandڒcheckڒidentityڒTheڒonlineսڒvehiclesڒleasingڒorderڒto ڒofڒhelpڒtheڒwithڒoutڒcarriedڒisڒcontractڒtheڒofڒsigning ڒrevisedڒwasڒwebsiteڒtheڒadditionռڒInڒIDnowսڒpartnerڒthe ڒandڒclarityڒuserՒfriendlinessռڒtoڒregardڒwithڒparticularڒin ڒapplicabilityսڒmobile

ڒMrսڒyearռڒreportingڒtheڒofڒJulyڒInڒchangesրڒPersonnel PatrickڒKischkelڒtookڒoverڒtheڒmanagementڒofڒautoՒ haus2ԔڒGmbHսڒHisڒpredecessorڒMrսڒJosefڒFinauerڒleftڒ ڒtheڒforڒresponsibleڒisڒKischkelڒPatrickڒMrսڒCompanyսڒthe onlineڒbusinessڒatڒautohaus2ԔսdeսڒHeڒalsoڒsharesڒtheڒ managementڒwithڒMrսڒWernerڒKönigռڒwhoڒhasڒbeenڒreՒ ڒcarڒusedڒtheڒwithڒbusinessڒofflineڒtheڒforڒsponsible

ڒOctoberڒsinceڒFrankfurtڒandڒMunichڒBerlinռڒinڒlocations ڒonڒisڒdirectorsڒmanagingڒtheڒofڒfocusڒcommonڒAڒս2020 ڒportfolioսڒproductڒtheڒexpanding

ڒintervalsռڒregularڒAtڒsatisfactionրڒcustomerڒofڒPromotion ڒaboutڒaskedڒareڒcustomersڒcommercialڒandڒprivate ڒserviceڒandڒoffersڒCompanyխsڒtheڒwithڒsatisfactionڒtheir ڒonڒmeansڒconfigurationڒfromڒtouchpointsռڒvariousڒat ڒofڒendڒtheڒAtڒvehicleսڒtheڒofڒreturnڒtheڒtoڒwebsiteڒthe ڒScoreڒSatisfactionڒCustomerڒaڒinڒresultedڒthisڒռ2021 ԼCSSԽڒofڒaroundڒԓսԙڒԼpreviousڒyearրڒԓսԘԽռڒwithڒaڒmaxiՒ mumڒvalueڒofڒԕս0սڒ

TheڒwebsitesڒsixtՒneuwagenսdeڒandڒautohaus2Ԕսdeڒ ڒBestڒժGermanyխsڒawardڒconsumerڒtheڒawardedڒwere ڒPortalsիڒCarڒժNewڒcategoryڒtheڒinڒի2021ڒPortalsڒOnline ڒforڒInstituteڒGermanڒtheڒandڒnՒtvڒchannelڒnewsڒtheڒby ServiceڒQualityڒԼDISQԽڒinڒtheڒreportingڒyearսڒsixtՒneuՒ ڒinڒtimeڒfifthڒtheڒforڒwinnersڒtheڒamongڒthusڒisڒwagenսde aڒrowڒandڒautohaus2ԔսdeڒforڒtheڒthirdڒtimeڒinڒaڒrowսڒForڒ ڒcustomerڒ000Ԕԕռڒaroundڒawardռڒconsumerڒyearխsڒthis ڒwereڒprovidersڒ0ԗԔڒoverڒandڒcollectedڒwereڒopinions evaluatedսڒInڒadditionռڒautohaus2Ԕսdeڒreceivedڒaڒժhighڒ ڒtheڒbyڒstudyڒaڒofڒpartڒasڒrecommendationիڒcustomer ڒServiceValueսڒagencyڒratingڒtheڒandڒnewspaperڒBILD ForڒthisڒpurposeռڒmoreڒthanڒԚ00ռ000ڒconsumersڒwereڒ ڒprovidersڒandڒcompaniesڒ0ռԓԔ2ڒofڒtotalڒaڒandڒsurveyed ڒconsideredսڒwereڒindustriesڒԔ20ڒfrom

ڒfieldڒbusinessڒLeasingڒFleet

ڒSixtڒtheڒռ2021ڒJanuaryڒInڒleasingրڒfleetڒofڒDigitalisation LeasingڒappռڒwhichڒwasڒfundamentallyڒrevisedڒandڒreՒ ڒsoftwareڒfirstڒitsڒreceivedڒռ2020ڒDecemberڒinڒlaunched ڒofڒcourseڒtheڒduringڒfollowedڒupdatesڒFurtherڒupdateս theڒyearսڒSeveralڒnewڒfunctionsڒwereڒaddedڒinڒtheڒproՒ ڒtheڒdriversڒcarڒcompanyڒoffersڒapplicationڒTheڒcessս ڒviaڒcontractڒleasingڒtheirڒmanageڒtoڒopportunity ڒTheseڒfunctionsսڒusefulڒmanyڒuseڒtoڒandڒsmartphone ڒappointmentڒsearchesռڒworkshopڒexampleռڒforڒincludeռ bookingsռڒdamageڒreportsڒorڒcontactingڒtheڒAssisՒ tanceսڒTheڒappڒwillڒcontinueڒtoڒbeڒdevelopedڒinڒtheڒfuՒ ڒڒtureս

InڒFebruaryڒ2021ռڒAllaneڒalsoڒoptimisedڒvehicleڒhandoՒ ڒBerlinڒFrankfurtռڒinڒlocationsڒitsڒatڒcollectionڒandڒver ڒhaveڒprocessesڒlogisticsڒallڒthenռڒSinceڒMunichսڒand ڒSMLڒlaunchedڒalreadyڒtheڒinڒrecordedڒdigitallyڒbeen ڒtheڒfromڒLogisticsԽրڒModuleڒԼServiceڒsolutionڒsoftware ڒtheڒandڒtruckڒbyڒvehicleڒleasedڒnewڒtheڒofڒdelivery ڒtheڒtoڒcustomerڒprivateڒorڒcorporateڒtheڒtoڒhandover ڒforwarderսڒfreightڒtheڒbyڒcollectionڒandڒreturn

InڒadditionռڒinڒJuneڒ2021ռڒAllaneڒcompletelyڒredevelՒ ڒandڒժFleetIntelligenceիڒtoolڒanalysisڒdigitalڒitsڒoped ڒasڒwellڒasڒmanagersڒandڒcustomersڒfleetڒforڒitڒlaunched ڒonڒbasedڒisڒapplicationڒnewڒTheڒanalysesսڒinternalڒfor ڒtoڒmanagersڒfleetڒenablesڒthusڒandڒtechnologyڒԼcloudԽ analyseڒtheirڒfleetڒinڒtermsڒofڒparametersڒsuchڒasڒinՒ ڒwayռڒthisڒInڒdamageսڒandڒsustainabilityڒcostsռڒventoryռ ڒidentifyڒtoڒmanagersڒfleetڒenablesڒժFleetIntelligenceի ڒinitiateڒtoڒandڒstageڒearlyڒanڒatڒpotentialڒoptimisation ڒmeasuresսڒappropriate

ExpansionڒofڒbusinessڒwithڒsmallerڒcorporateڒcustomՒ

vehiՒڒ100ڒtoڒ20ڒwithڒcustomersڒcorporateڒSmallerڒersր ڒperڒpotentialڒmarginڒhigherڒaڒAllaneڒofferڒgenerallyڒcles ڒtheڒadditionռڒInڒcustomersսڒfleetڒlargerڒthanڒcontract competitiveڒsituationڒisڒlessڒintenseڒthanڒinڒtheڒkeyڒacՒ countڒbusinessսڒInڒtheڒyearڒunderڒreviewռڒAllaneڒthereՒ ڒinڒsegmentڒcustomerڒthisڒinڒactivitiesڒitsڒexpandedڒfore ڒitsڒdiversifiedڒfurtherڒthusڒandڒstrategyڒitsڒwithڒline ڒportfolioսڒcustomer

ڒcustomersڒAllaneڒsatisfactionրڒcustomerڒofڒPromotion ڒthisڒToڒsatisfactionսڒtheirڒonڒinterviewedڒregularlyڒare ڒԼCustomerڒtoolڒCSIڒspecialڒaڒdeploysڒCompanyڒtheڒendռ ڒusersڒtheڒtoolռڒthisڒofڒhelpڒtheڒWithڒIndexԽսڒSatisfaction ڒcanڒmanagersڒfleetڒtheڒasڒwellڒasڒvehiclesڒleasingڒof ڒAllaneڒqualityսڒserviceڒonڒfeedbackڒdetailedڒprovide ڒserviceڒtheڒoptimiseڒcontinuallyڒtoڒdataڒtheseڒuses ڒInڒrequirementsսڒandڒwishesڒcustomerڒsatisfyڒtoڒrange ڒofڒdegreeڒhighڒaڒindicatedڒmoreڒonceڒtoolڒCSIڒtheڒռ2021 ڒplannedڒtheyڒthatڒindicatedڒٝԙԓڒsatisfactionսڒcustomer toڒcontinueڒusingڒAllaneխsڒsolutionsڒinڒfutureڒԼ2020րڒ ԚԔٝԽսڒ

Ԩօԣ FleetڒManagementڒsegmentڒ

ԨօԣօԢ Industryڒdevelopmentڒ

AccordingڒtoڒAllaneռڒtheڒgeneralڒdemandڒforڒfleetڒmanՒ ڒtheڒtoڒappliesڒalsoڒThisڒhighսڒremainsڒservicesڒagement ڒmanagementڒtheڒoutsourceڒtoڒcompaniesڒofڒwillingness ofڒtheirڒvehicleڒfleetsڒtoڒexternalڒspecialistsսڒTheڒdeciՒ siveڒfactorsڒincludeڒcostڒandڒplanningڒsecurityռڒindividՒ ڒInڒknowՒhowսڒspecialisedڒandڒsolutionsڒtailoredڒually ڒconserveڒtoڒaimڒcompaniesڒoutsourcingռڒbyڒadditionռ theirڒpersonnelڒresourcesڒandڒtoڒuseڒtheirڒownڒcapaciՒ ڒڒbusinessսڒcoreڒtheirڒforڒmoreڒties

AccordingڒtoڒDataforceռڒaroundڒԘԙԗռ000ڒnewڒpassenՒ ڒmarketڒfleetڒrelevantڒtheڒinڒregisteredڒwereڒcarsڒger ڒvehicleڒexcludingڒregistrationsڒcommercialڒԼnew

ڒռ2021ڒinڒcompaniesԽڒrentalڒcarڒandڒtradeڒconstructionռ ڒTheڒcarsԽսڒpassengerڒ000ռ22Լԙڒ2020ڒinڒthanڒlessڒٝԔսԔ ڒregistrationsڒcarڒpassengerڒofڒmarketڒtotalڒtheڒofڒshare roseڒtoڒaڒrecordڒfigureڒofڒԓ0ٝսڒForڒ2022ռڒDataforceڒexՒ ڒfleetڒrelevantڒtheڒinڒregistrationsڒcarڒpassengerڒpects marketڒtoڒincreaseڒbyڒԕٝսڒInڒthisڒcontextռڒmanufacturՒ ڒorderڒժimmenseڒtheڒoffڒworkingڒstartڒtoڒlikelyڒareڒers ڒsupplyڒglobalڒasڒyearڒtheڒofڒhalfڒsecondڒtheڒinڒbacklogհ ڒڒagainսڒupڒpickڒchains

WhileڒinterestڒinڒfleetڒmanagementڒisڒgrowingռڒcustomՒ ersխڒexpectationsڒareڒalsoڒincreasingսڒAccordingڒtoڒAlՒ ڒincreasinglyڒbecomingڒisڒmanagementڒfleetڒlaneռ complexսڒThisڒmeansڒthatڒfleetڒmanagersڒhaveڒtoڒdeՒ velopڒtailorՒmadeڒmobilityڒsolutionsڒandڒcombineڒinteՒ ڒtheڒInڒadviceսڒindividualڒwithڒmanagementڒfleetڒgrated courseڒofڒdigitisationռڒitڒisڒalsoڒnecessaryڒtoڒdevelopڒinՒ ڒdataսڒofڒexchangeڒincreasingڒtheڒforڒterfaces

ڒSources

ڒregistrationsڒPCڒnewڒofڒlowڒHistoricڒր2021ڒrésuméڒDataforceڒDataforceռ ڒփ2022ڒJanuaryڒ21ڒdealersռڒcarڒforڒOpportunitiesڒՔ ڒtheڒtakeڒwillڒvehiclesڒelectricڒԕռ202ڒFromڒManagementռڒ֕ڒFuhrparkڒbfp ڒս2021ڒNovemberڒԘ1ڒfleetռڒvehicleڒtheڒinڒlead

Ԩօԣօԣ Businessڒdevelopmentڒ

ڒManagementڒFleetڒtheڒGroupռڒMobilityڒAllaneڒtheڒWithin ڒConsultingڒMobilityڒSixtڒbyڒoperatedڒisڒunitڒbusiness GmbHڒandڒotherڒdirectڒandڒindirectڒsubsidiariesڒofڒAlՒ ڒڒSEսڒlane

ڒbusinessڒtheڒofڒrevenueڒtotalڒreviewռڒunderڒyearڒtheڒIn ڒ2ٝԚսڒofڒincreaseڒanڒmillionռڒԕսԓ11ڒEURڒtoڒamountedڒunit ڒTheڒmillionսڒԕսԗ10ڒEURڒofڒfigureڒyearڒpreviousڒtheڒon segmentխsڒoperatingڒrevenueڒԼexcludingڒsalesڒreveՒ nuesԽڒincreasedڒbyڒԗսԔٝڒtoڒEURڒԕԓս2ڒmillionڒԼ2020րڒEURڒ ԕ0ս0ڒmillionԽսڒRevenueڒfromڒtheڒsalesڒofڒcustomerڒvehiՒ ڒmillionڒ1ս2ԗڒEURڒtoڒٝսԙ11ڒbyڒ2021ڒinڒincreasedڒcles Լ2020րڒEURڒԕԕսԗڒmillionԽսڒTheڒmarketingڒofڒvehiclesڒasڒ ڒresponsesڒdifferingڒelicitingڒisڒserviceڒadditionalڒan fromڒcustomersռڒdependingڒonڒtheirڒneedsսڒConseՒ ڒmoreڒisڒsalesڒfromڒrevenueڒofڒdevelopmentڒtheڒquentlyռ ڒinڒthanڒunitڒbusinessڒManagementڒFleetڒtheڒinڒvolatile ڒunitսڒbusinessڒLeasingڒthe

ڒDecemberڒ1ԓڒofڒasڒportfolioڒcontractڒsegmentխsڒThe ڒٝսԓ10ڒthusڒwasڒandڒcontractsڒ000ԕԚռڒtotalledڒ2021 ڒdateڒsameڒtheڒonڒfigureڒcorrespondingڒtheڒthanڒhigher theڒyearڒbeforeڒԼ2020րڒԕԓռԕ00ڒcontractsԽսڒ

ڒofڒcostڒandڒexpensesڒfleetڒisڒitemڒexpenseڒmainڒThe leaseڒassetsڒinڒtheڒamountڒofڒEURڒ10Ԕս1ڒmillionڒԼ2020րڒ ڒmillionԽսڒ1ԚԓսڒEUR

EarningsڒbeforeڒinterestռڒtaxesռڒdepreciationڒandڒamorՒ ڒbyڒdecreasedڒyearڒreportingڒtheڒforڒԼEBITDAԽڒtisation ԘԚս1ٝڒtoڒEURڒ0սԘڒmillionڒԼ2020րڒEURڒԓս1ڒmillionԽսڒEarnՒ ڒmillionڒսԕ0ڒEURڒtoڒٝԙԔսԗڒbyڒfellڒԼEBTԽڒtaxesڒbeforeڒings Լ2020րڒEURڒ2սԚڒmillionԽսڒTheڒdevelopmentڒofڒearningsڒinڒ ڒbyڒaffectedڒparticularlyڒwasڒyearڒfinancialڒ2021ڒthe ڒapplicationڒtheڒwithڒconnectionڒinڒexpensesڒconsulting forڒaڒpermitڒtoڒprovideڒpaymentڒservicesڒunderڒtheڒGerՒ ڒActڒSupervisionڒServicesڒPaymentڒman ڒaffectsڒwhichڒZAGԽռڒՔڒZahlungsdiensteaufsichtsgesetz ڒincreasedڒasڒwellڒasڒGmbHռڒConsultingڒMobilityڒAllane ڒtheڒConsequentlyռڒproductsսڒsoftwareڒforڒexpenses ڒԼEBTՎoperatingڒrevenueڒonڒreturnڒoperatingڒsegmentխs ڒtheڒٝԕսԙڒtoڒcomparedڒٝսԙ0ڒtoڒcameڒrevenueԽڒsegment ڒbeforeսڒyear

ڒڒfiguresڒKey ڒbusinessڒManagementڒFleet ڒunit

			Change
inڒEURڒmillionڒ	ԣԡԣԢ	ԣԡԣԡ	ٝڒin
Fleetڒmanagementڒrevenueڒ	Ԧ Ԥօԣ	Ԧԡօԡ	ԧօԥ
Salesڒrevenueڒ	ԧ ԣօԢ	ԦԦօԧ	ԢԢօԩ
Totalڒrevenueڒ	ԢԢԦօԤ	ԢԡԦօԧ	Ԫօԣ
Earnings beforeڒ ڒinterestքڒ
ڒtaxesք depreciation ڒandڒ
amortisationڒԼEBITDAԽڒ	ԡօԨ	ԤօԢ	ԼԨԪօԢԽ
Earnings ڒbeforeڒ ڒandڒinterest
taxesڒԼEBITԽڒ	ԡօԧ	ԤօԢ	ԼԩԡօԧԽ
EarningsڒbeforeڒtaxesڒԼEBTԽڒ	ԡօԦ	ԣօԪ	ԼԩԥօԧԽ
Operating returnڒ ڒrevenueڒonڒ
ԼٝԽڒ	ԡօԪ	Ԧօԩ	ԼԥօԪڒpointsԽ

ڒAllaneڒռ2021ڒJulyڒInڒmanagementրڒfleetڒofڒDigitalisation ڒsmartphoneڒitsڒexpandedڒGmbHڒConsultingڒMobility ڒlicenceڒdrivingڒelectronicڒtheڒwithڒCompanionիڒժTheڒapp checkڒժDriversCheckիսڒTheڒapplicationڒfulfilsڒallڒlegalڒreՒ ڒtheڒenablesڒandڒchecksڒlicenceڒdrivingڒforڒquirements ڒtheirڒcheckڒtoڒcustomersڒfleetڒofڒdriversڒcarڒcompany ڒDriversڒtimeսڒrealڒinڒandڒindependentlyڒlicenceڒdriving andڒfleetڒmanagersڒareڒautomaticallyڒnotifiedڒbyڒժDrivՒ ڒcontrolڒotherڒallڒAndڒdueսڒisڒcheckڒaڒwhenڒersCheckի processesڒareڒalsoڒautomaticallyڒrecordedڒinڒtheڒbackՒ ڒportalڒaڒviaڒdataڒtheڒviewڒcanڒmanagersڒFleetڒgroundս ڒڒreportsսڒcreateڒand

ڒInڒchangesրڒpersonnelڒandڒnameڒcompanyڒofڒChange ڒrenamedڒwasڒGmbHڒConsultingڒMobilityڒSixtڒռ2021ڒJuly

ڒڒ

ڒManagingڒtwoڒTheڒGmbHսڒConsultingڒMobilityڒAllane DirectorsڒMrսڒMichaelڒPoglitschڒandڒMrսڒChristianڒBrauՒ ڒFromڒyearսڒreportingڒtheڒduringڒCompanyڒtheڒleftڒmiller ڒDecemberڒofڒendڒtheڒatڒdepartureڒherڒuntilڒ2021ڒJune ڒofڒmanagementڒtheڒoverڒtookڒKuhnleinڒSilkeڒMrsڒռ2021 ڒڒCompanyսڒthe

ڒwasڒKöksalڒÖmerڒMrսڒռ2022ڒJanuaryڒ1ڒfromڒeffectڒWith ڒtheڒofڒSpokespersonڒandڒDirectorڒManagingڒappointed ڒtoڒisڒManagementڒGeneralڒTheڒManagementսڒGeneral ڒڒpersonսڒsecondڒaڒbyڒfilledڒbe

BսԓڒՔڒHumanڒResourcesڒReport

Ԣօ Strategicڒhumanڒresourcesڒworkڒ

ڒallڒtoڒimportanceڒgreatڒattachesڒGroupڒMobilityڒAllane ڒservicesڒprovidingڒonڒstronglyڒfocusingڒemployeesڒits withڒaڒclearڒserviceڒmentalityսڒThisڒappliesڒtoڒtheڒdevelՒ ڒproductڒdemandՒorientedڒandڒcustomisedڒofڒopment solutionsڒasڒwellڒasڒcompetentռڒcomprehensiveռڒcomՒ ڒreasonռڒthisڒForڒserviceսڒcustomerՒfriendlyڒandڒmitted AllaneڒattachesڒstrategicڒimportanceڒtoڒitsڒhumanڒreՒ sourcesڒworkսڒTheڒholisticڒapproachڒcoversڒtheڒextenՒ ڒfurtherڒandڒapprenticeshipsڒprocessռڒrecruitmentڒsive trainingڒasڒwellڒasڒtheڒemployeesխڒprofessionalڒandڒperՒ ڒڒdevelopmentսڒsonal

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ڒinڒengagesڒCompanyڒtheڒtermռڒemploymentڒtheڒDuring ڒsuperiorsڒsureڒmakesڒandڒcultureڒfeedbackڒproՒactiveڒa ڒinterviewsڒappraisalڒregularڒforڒmeetڒemployeesڒand ڒtheڒasڒsuchڒtoolsڒFeedbackڒdirectionsսڒbothڒinڒgoڒthat regularlyڒemployeeڒsatisfactionڒsurveysڒasڒwellڒasڒsupՒ portingڒԓԗ0ՒdegreeڒfeedbackڒԼmanagerڒassessmentsռڒ ڒthoseڒwithڒselfՒassessmentsڒemployeeڒcompareڒwhich ڒtheڒbothڒserveڒemployeesԽڒandڒcolleaguesڒsuperiorsռڒof ڒfutureڒforڒbasesڒandڒindicatorsڒasڒAllaneڒandڒemployees ڒtheڒtoڒtailoredڒprogrammesڒpromotionڒandڒdevelopment ڒemployeesڒallڒtheseռڒtoڒFurtherڒemployeeսڒrespective ڒwhereڒinternetڒtheڒtoڒintegratedڒportalڒaڒtoڒaccessڒhave ڒfurtherڒforڒseminarsڒofڒvarietyڒaڒfromڒchooseڒcanڒthey ڒwithڒagreementڒinڒselectedڒbeڒthenڒcanڒwhichڒtrainingռ ڒattendedսڒandڒsuperiorڒexecutiveڒthe

ڒtoڒgearedڒdevelopmentڒpersonnelڒcontinuousڒaڒThusռ theڒindividualڒrequirementsڒandڒneedsڒofڒtheڒemployՒ ڒtoڒaimsڒworkڒresourcesڒHumanڒachievedսڒbeڒshallڒees enableڒemployeesڒtoڒactڒautonomouslyڒandڒresponsiՒ ڒproductsڒAllaneիsڒimproveڒcontinuallyڒtoڒseekingڒblyռ

ڒԼmobilityԽڒchangingڒtheڒmeetڒonlyڒnotڒandڒservicesڒand needsڒofڒtheirڒcustomersڒbutڒalsoڒsupportڒthemڒacՒ ڒtivelyս

TalentڒpromotionռڒemployeeڒdevelopmentڒandڒleaderՒ ڒcentralڒtheڒintoڒintegratedڒareڒAllaneڒofڒtrainingڒship ڒMobilityڒAllaneڒtheڒofڒmanagementڒresourcesڒhuman ڒGroupս

ڒTraineeship

ڒtraineeڒManagementڒGeneralڒaڒgraduatesڒoffersڒAllane ڒtimeռڒthisڒDuringڒmonthsսڒԙ1ڒforڒrunningڒprogrammeռ traineesڒpassڒthroughڒvariousڒcoreڒbusinessڒareasսڒFurՒ ڒworkingڒgatherڒtoڒopportunityڒtheڒhaveڒtheyڒthermoreռ experienceڒinڒforeignڒsubsidiariesսڒTraineesڒwhoڒperՒ formڒwellڒgetڒofferedڒaڒtakeՒoverڒcontractڒintoڒaڒpermaՒ ڒatڒGroupڒMobilityڒAllaneڒtheڒwithinڒemploymentڒnent ڒinڒstartedڒtraineesڒnewڒNoڒtrainingսڒtheirڒofڒendڒthe ڒս2021

ڒprogrammesڒPromotional

ڒandڒnationalڒdifferentڒmanyڒemployeesڒitsڒoffersڒAllane ڒcanڒemployeesڒadditionռڒInڒpathsսڒcareerڒinternational useڒaڒvarietyڒofڒoptionsڒforڒtheirڒprofessionalڒandڒperՒ sonalڒdevelopmentսڒKeyڒelementsڒinڒtheڒexecutiveڒdeՒ ڒentitledڒprogrammesڒpromotionڒtheڒareڒvelopment ڒamongڒserveռڒTheyڒխSupervisorխսڒandڒLeaderխڒխTeam otherڒthingsռڒtoڒidentifyڒcolleaguesڒwithڒparticularڒdeՒ ڒpromotionڒstructuredڒthemڒofferڒpotentialռڒvelopment ڒڒexecutivesսڒandڒperformersڒtopڒfutureڒtrainڒthusڒand

ԣօ Numberڒofڒemployeesڒ

ڒsegmentڒperڒemployeesڒofڒNumber

ԼaverageԽڒ	ԣԡԣԢ	ԣԡԣԡ
Leasingڒ	ԧ Ԥԡ	ԧԡԧ
ڒFleet Management ڒ	Ԧԩ	Ԩԩ
Totalڒ	Ԩ ԢԦ ԗԓԔ Ԙ1Ԛԙԕ	ԧԪԤ ԗ0ԗ ԗԚԓԙԘ

TheڒAllaneڒMobilityڒGroupڒemployedڒԘ1ԕڒpeopleڒonڒavՒ erageڒinڒ2021ռڒanڒincreaseڒofڒaroundڒԔٝڒoverڒtheڒpreviՒ ousڒyearڒԼ2020րڒԗԚԓڒemployeesԽսڒڒ

Ԥօ Keyڒfeaturesڒofڒtheڒremunerationڒ ڒsystem

ԤօԢ GeneralڒremunerationڒpolicyڒofڒtheڒAllaneڒ ڒGroupڒMobility

ڒtheڒforڒresponsibleڒisڒSEڒAllaneڒofڒBoardڒManagingڒThe ڒremunerationڒemployeesխڒtheڒofڒstructureڒappropriate ڒAllaneڒofڒBoardڒSupervisoryڒtheڒinformsڒandڒsystems ڒremunerationڒtheڒofڒstructureڒactualڒtheڒonڒregularlyڒSE ڒtheڒofڒrequirementsڒtheڒofڒaccountڒdueڒtakingڒsystemsռ ڒԼInstitutsVergVڒInstitutionsڒforڒRegulationڒRemuneration ՔڒInstitutsvergütungsverordnungԽսڒArrangingڒtheڒremuՒ ڒinڒSEռڒAllaneڒofڒBoardڒManagingڒtheڒforڒsystemڒneration ڒSupervisoryڒtheڒofڒresponsibilityڒtheڒunderڒcomesڒturn ڒinternalڒԼespeciallyڒunitsڒcontrolڒTheڒSEսڒAllaneڒofڒBoard auditռڒcomplianceռڒhumanڒresourcesڒandڒriskڒmanageՒ mentԽڒareڒintegratedڒintoڒtheڒarrangementڒandڒmonitorՒ ڒtheڒwithڒaccordanceڒinڒsystemsڒremunerationڒtheڒofڒing ڒInstitutsVergVսڒtheڒofڒstipulations

TheڒremunerationڒpolicyڒisڒaڒkeyڒcomponentڒofڒtheڒcorՒ ڒprimaryڒItsڒGroupսڒMobilityڒAllaneڒtheڒofڒpolicyڒporate ڒtheڒtoڒemployeesڒnewڒattractڒtoڒableڒbeڒtoڒisڒpurpose ڒworkforceڒexistingڒtheڒmotivateڒtoڒasڒwellڒasڒCompanyռ ڒtheڒtoڒthemڒbindڒtoڒandڒincentivesڒsuitableڒofڒmeansڒby ڒwithڒcomplianceڒFurthermoreռڒtermսڒlongڒtheڒinڒGroup allڒlegalڒrequirementsڒisڒanڒimportantڒpartڒofڒtheڒremuՒ ڒapplyڒconditionsڒgeneralڒfollowingڒTheڒpolicyսڒneration ڒpolicyրڒremunerationڒourڒfor

• ڒstrategyսڒriskڒandڒbusinessڒtheڒfromڒderivedڒisڒIt
• ڒexecutivesڒforڒcomprehensibleڒandڒtransparentڒisڒIt ڒemployeesսڒand
• ڒinterestսڒofڒconflictsڒavoidڒtoڒmeasuresڒincludesڒIt
• ڒandڒdevelopmentڒeconomicڒfutureڒtheڒsupportsڒIt ڒڒGroupսڒMobilityڒAllaneڒtheڒofڒperformance

Ԥօԣ Remunerationڒsystemڒofڒemployeesڒ

ڒcollectiveڒanyڒtoڒboundڒnotڒisڒGroupڒMobilityڒAllaneڒThe ڒڒagreementsսڒbargainingڒwage

ڒoutlinedڒsystemڒremunerationڒtheڒofڒcomponentsڒThe ڒtheڒbetweenڒdifferڒessentiallyڒnotڒdoڒfollowingڒtheڒin ڒasڒpresentedڒthereforeڒareڒandڒunitsڒbusinessڒdifferent ڒtheseڒcasesռڒindividualڒinڒdeviationsڒofڒcaseڒInڒwholeսڒa ڒڒreferencedսڒexplicitlyڒbeڒwill

ڒaڒofڒconsistsڒremunerationڒtotalڒtheڒemployeesռڒtheڒFor nonՒperformanceՒrelatedڒbasicڒremunerationռڒaڒvariaՒ bleڒsalaryڒcomponentڒԼbonusڒorڒcommissionԽڒandڒsoՒ calledڒbenefitsڒԼfringeڒbenefitsԽռڒwherebyڒnotڒallڒemՒ ڒcomponentսڒsalaryڒvariableڒaڒreceiveڒployees

ڒremunerationڒbasicڒNonՒperformanceՒrelated ڒpaidڒbeڒtoڒsalaryڒannualڒfixedڒaڒreceiveڒemployeesڒAll ڒmonthڒeachڒafterڒmonthlyڒinstalmentsڒequalڒ12ڒinڒout ڒtheڒdeterminingڒparametersڒKeyڒremunerationԽսڒԼbasic ڒfunctionڒtheڒareڒperformanceڒtoڒunrelatedڒremuneration ڒresponsibilitiesڒandڒassignmentsڒofڒscopeڒtheڒasڒwellڒas ڒpowersսڒdecisionՒmakingڒassociatedڒtheڒandڒheld

ڒcomponentڒsalaryڒVariable

BesidesڒtheirڒbasicڒremunerationռڒaڒpartڒofڒtheڒemployՒ ڒtheڒforڒproՒratedڒremunerationڒvariableڒaڒreceivesڒees ڒandՎorڒsuccessڒCompanyխsڒtheڒonڒcontingentڒandڒyear theirڒpersonalڒtargetڒattainmentsսڒTheڒvariableڒremuՒ ڒtheڒroleռڒfunctionalڒtheڒonڒdependsڒcomponentڒneration ڒattainmentڒtargetڒpersonalڒtheڒasڒwellڒasڒhierarchical levelսڒTheڒratioڒbetweenڒtheڒbasicڒandڒtheڒvariableڒreՒ ڒbetweenڒanywhereڒvaryڒcanڒcomponentڒmuneration aroundڒԗ0րԔ0ڒthroughڒtoڒaroundڒԚԕրԕڒԼinڒeachڒcaseڒasՒ ڒtargetsڒpersonalڒTheڒattainmentԽսڒtargetڒ100ٝڒaڒsuming ڒtheڒfromڒlevelsڒfunctionalڒvariousڒtheڒoverڒdeducedڒare overallڒcorporateڒobjectivesսڒConsequentlyռڒanyڒperՒ ڒtheڒofڒconsiderationڒdueڒtakesڒattainmentڒtargetڒsonal targetڒattainmentڒofڒtheڒindividualڒemployeeխsڒorganisaՒ ڒaڒreceiveڒemployeesڒSeptemberռڒinڒUsuallyڒunitսڒtional downՒpaymentڒonڒtheڒexpectedڒvariableڒsalaryڒpayՒ ڒcurrentڒtheڒforڒpaymentڒsalaryڒvariableڒasڒfarڒasڒmentռ ڒbeڒwillڒpaymentڒfinalڒTheڒexpectedսڒisڒyearڒfinancial madeڒwithڒtheڒsalaryڒpaymentڒafterڒtheڒcloseڒofڒtheڒfiՒ ڒtheڒafterڒmonthsڒthreeڒthanڒlaterڒnoڒbutڒyearڒnancial ڒڒyearսڒfinancialڒtheڒofڒend

InڒderogationڒofڒtheڒforegoingռڒtheڒvariableڒremuneraՒ ڒԼOnlineڒmonthlyڒcalculatedڒisڒsalesڒinڒԼcommissionԽڒtion ڒcustomerڒԼcorporateڒquarterlyڒorڒfieldԽڒbusinessڒRetail ڒratioڒtheڒRetailռڒOnlineڒInڒarrearsսڒinڒpaidڒandڒbusinessԽ ڒcanڒremunerationڒvariableڒtoڒremunerationڒbasicڒtheڒof goڒupڒtoڒ1ր2ռڒdependingڒonڒtheڒpersonalڒdegreeڒofڒtarՒ ڒitsڒachievesڒemployeesڒofڒgroupڒThisڒachievementսڒget ڒframeworkսڒnarrowڒveryڒaڒwithinڒperformanceڒsales ڒcontractڒaڒifڒindependentlyڒdecideڒnotڒdoesڒgroupڒThis ڒbyڒdeniedڒorڒgivenڒisڒapprovalڒsuchڒbutڒconcludedռڒis ڒframeworkڒtheڒwithinڒManagementڒCreditڒOperational

ԓԙ ڒ2021ڒReportڒAnnual ڒgroupڒmobilityڒallane

ڒtheڒthatڒensuresڒThisڒregulationsսڒcompetenceڒtheڒof ڒbusinessڒtheڒwithڒlineڒinڒareڒteamڒsalesڒtheڒofڒactions ڒڒstrategyսڒriskڒand

ڒBenefits

BesidesڒtheirڒbasicڒandڒvariableڒremunerationռڒemployՒ ڒfollowingڒtheڒreceiveڒcanڒGroupڒMobilityڒAllaneڒofڒees ڒbenefitsրڒfringe

• CapitalՒformingڒbenefitsڒԼGermanڒծVermögenswirkՒ ڒLeistungenծԽռڒsame
• ڒPartnerռڒaڒthroughڒofferedڒschemeռڒpensionڒCompany
• ڒfunctionռڒonڒdependingڒcardռڒfuelڒandڒcarڒCompany
• ڒandڒphoneڒMobile
• ڒleasingսڒEmployee

ڒtheڒSEռڒSixtڒofڒBoardڒManagingڒtheڒbyڒdeterminedڒAs ڒMayڒinڒIPOڒtheڒuntilڒcompanyڒparentڒwhollyՒowned 201ԕռڒselectedڒemployeesڒhadڒtheڒopportunityڒtoڒparՒ ڒprogrammeڒownershipڒstockڒemployeeڒanڒinڒticipate ڒlastڒtheڒForڒIPOսڒtheڒuntilڒProgrammeԽڒStockڒԼMatching ڒexerciseڒwithڒemployeesڒSEڒAllaneڒforڒtrancheڒexisting ڒfinancialڒ2021ڒtheڒinڒmadeڒwasڒdistributionڒnoڒռ2021ڒin ڒmetսڒnotڒwereڒconditionsڒexerciseڒtheڒasڒyearռ

ڒremunerationڒtheڒofڒandڒremunerationڒofڒstructureڒThe ڒofڒԕڒsectionڒofڒrequirementsڒtheڒonڒbasedڒisڒsystems theڒInstitutsVergVսڒAboveڒallռڒtheڒcombinationڒofڒtheڒexՒ ڒorganisationalڒtheڒmodelռڒbusinessڒtheڒstrategiesռڒisting setՒupڒandڒcompetenceڒrulesڒwithڒtheڒexistingڒremuՒ ڒonڒtakeڒtoڒincentivesڒprovideڒnotڒdoڒstructureڒneration ڒwithڒconflictڒnotڒdoڒandڒrisksڒhighڒdisproportionately ڒadditionռڒInڒunitsսڒcontrolڒtheڒofڒfunctionڒmonitoringڒthe thereڒisڒnoڒsignificantڒdependenceڒonڒaڒvariableڒremuՒ nerationսڒEntitlementsڒestablishedڒinڒindividualڒconՒ ڒofڒterminationڒofڒeventڒtheڒinڒbenefitsڒtoڒtracts ڒremainsڒwhichڒamountڒanڒinڒcreatedڒnotڒareڒactivities unchangedڒdespiteڒanyڒnegativeڒindividualڒperforՒ ڒremunerationڒtheڒofڒstructureڒTheڒcontributionsսڒmance ڒcontrolڒtheڒofڒfunctionڒcontrolڒtheڒtoڒcounterڒnotڒruns ڒtheڒthatڒensureڒtoڒgivenڒwasڒattentionڒSpecialڒunitsս ڒtheڒforڒsystemsڒremunerationڒvariableڒtheڒofڒstructure ڒwithڒconcurrentڒnotڒareڒunitsڒcontrolڒtheڒinڒemployees ڒunitsڒorganisationalڒtheڒandڒcontrolledڒdepartmentsڒthe monitoredڒbyڒthemڒsoڒthatڒthereڒisڒnoڒthreatڒofڒaڒconՒ ڒinterestսڒofڒflict

InstiՒڒtheڒofڒ10ڒsectionڒofڒrequirementsڒtheڒMoreoverռ tutsVergVڒareڒalsoڒrecognisedսڒInڒadditionռڒtheڒemphaՒ ڒcontrolڒtheڒregardingڒstructureڒremunerationڒtheڒofڒsis unitsիڒstaffڒisڒonڒtheirڒfixedڒremunerationڒԼsectionڒԚڒԼ2Խڒ ڒInstitutsVergVԽսڒtheڒof

ԤօԤ RemunerationڒsystemڒofڒtheڒManagingڒ ڒBoard

TheڒSupervisoryڒBoardڒhasڒdeterminedڒtheڒremuneraՒ folՒڒasڒbasisڒindividualڒanڒonڒ2021ڒandڒ2020ڒforڒtion lows1 ڒڒր

ڒRemuneration

ڒڒ	Michael ڒRuhlڒ		Björn ڒWaldowڒ
ڒEURڒin	ԣԡԣԢ actualڒ	ԣԡԣԡ ڒ actualڒ	ԣԡԣԢ ڒ actualڒ	ԣԡԣԡ ڒ ڒactualڒ
ڒBasic remuneration ڒ	ڒԣԡԡքԡԡԡ	ڒԥԡԡքԡԡԡ	ڒԪԩԦԤԢԥք	ڒԥԡԡքԡԡԡ
Taxableڒpecuniaryڒbenefitsڒandڒotherڒfringeڒbenefitsڒ	ԧ քԩԢԣڒ	ԣԡքԩԢԢڒ	ԢԥքԦԩԪڒ	ԣԡքԩԩԥڒ
Totalڒfixedڒremunerationڒ	ԣԡԧքԩԢԣڒ	ԥԣԡքԩԢԢڒ	ԤԣԪքԢԨԩڒ	ԥԣԡքԩԩԥڒ
MultiՒyearڒvariableڒremunerationڒԢڒ	ԣԡԡքԡԡԡڒ	ԩ ԥԩքԥԧԡڒ	ԧԧ քԧԧԨڒ	ԥԪԩքԥԧԡڒ
Totalڒremunerationڒ	ԥԡԧքԩԢԣڒ	ԢքԣԧԪքԣԨԢڒ	ԤԪԦքԩԥԦڒ	Ԫ ԢԪքԤԥԥڒ

1 ڒԔս202ڒuntilڒbasisڒstretchedڒaڒonڒoutڒpaidڒbeڒWillڒ

ڒRemuneration

ڒڒ	Donglim ڒShinڒ	ڒÁlvaro Hernández ڒ
ڒEURڒin	ԣԡԣԢ ڒ ڒactualڒ	ԣԡԣԢ ڒ ڒactualڒ
ڒBasic remuneration ڒ	ԪԨԡքԪԣ ڒ ڒԢ	Ԣԡԡքԡԡԡ ڒ ڒ
Taxable ڒpecuniaryڒ andڒbenefits fringeڒotherڒ ڒbenefitsڒ	ԨԪ քԥԣ ڒ ڒԩ	ԤԡԦԤԥք ڒ ڒڒ
Total ڒfixedڒ remuneration ڒ	ԡքԤԨԤ ڒ ڒԪԪ	ԢԤԥք ڒ ڒԤԡԦ
MultiՒyearڒvariableڒremunerationڒԢڒ	Ԫ ԥքԦԨԡڒ ڒ	ԤԨքԧԡԡڒ ڒ
ڒTotal remuneration ڒ	ԥքԧԥ ڒ ڒԪԧԪ	ԣքԢԤԡԨԢ ڒ ڒڒ

1 ڒShinսڒDonglimڒofڒcaseڒtheڒinڒԔ202ڒuntilڒbasisڒstretchedڒaڒonڒoutڒpaidڒbeڒWillڒ

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ڒsubsidiariesڒandڒSEڒSixtڒwithڒAgreements

ڒregardingڒ2020ڒFebruaryڒ21ڒofڒagreementڒtheڒofڒpartڒAs ڒtoڒCompanyڒtheڒinڒinvestmentڒSEխsڒSixtڒofڒsaleڒthe HyundaiڒCapitalڒBankڒEuropeڒGmbHڒԼժHCBEիԽռڒtheڒComՒ ڒtoڒrelatingڒagreementڒanڒconcludedڒSEڒSixtڒandڒpany ڒforڒrightsڒtrademarkڒexistingڒtheڒofڒusageڒcontinuedڒthe ڒtheڒofڒclosingڒtheڒofڒdateڒtheڒfromڒyearsڒfiveڒofڒperiodڒa ڒڒAgreementիԽսڒժTrademarkڒԼtheڒtransaction

ThisڒTrademarkڒAgreementڒmayڒbeڒterminatedڒextraorՒ ڒofڒshareholdingڒtheڒifڒSEڒSixtڒlicensorڒtheڒbyڒdinarily ڒaڒbelowڒfallsڒcompanyԽڒaffiliatedڒanڒofڒthatڒԼorڒHCBE ڒapproximatelyڒofڒshareholdingڒtheڒtoڒequalڒthreshold Ԕ1սԚٝڒacquiredڒfromڒSixtڒSEڒorڒifڒaڒthirdڒpartyڒacquiresڒ ڒtheڒthanڒgreaterڒisڒthatڒSEڒAllaneڒinڒshareholdingڒa ڒcanڒItڒcompaniesսڒaffiliatedڒandڒHCBEڒofڒshareholding alsoڒbeڒterminatedڒextraordinarilyռڒifڒHCBEڒorڒitsڒshareՒ ڒtheڒinڒsharesڒtransferڒindirectlyڒorڒdirectlyڒholders CompanyڒtoڒcompetitorsڒofڒSixtڒSEռڒwhichڒareڒlistedڒexՒ ڒdetailսڒinڒhaustively

ڒKGռڒCoսڒԱڒGmbHڒAutovermietungڒSixtڒandڒCompanyڒThe ڒonڒagreedڒhaveڒSEռڒSixtڒofڒsubsidiaryڒ100ٝڒaڒisڒwhich ڒtheڒinڒterminationڒofڒrightڒspecialڒcorrespondingڒaڒsuch

ڒasڒconcludedڒalsoڒwasڒwhichڒAgreementխڒCarveՒOutڒխIT ڒCompanyڒtheڒinڒinvestmentڒSEխsڒSixtڒofڒsaleڒtheڒofڒpart ڒڒHCBEսڒto

ڒcontextڒtheڒinڒconcludedڒagreementڒrentalڒtheڒFinallyռ ڒtoڒCompanyڒtheڒinڒshareholdingڒSEխsڒSixtڒofڒsaleڒtheڒof ڒitsڒatڒCompanyڒtheڒbyڒusedڒpropertiesڒtheڒforڒHCBE ڒofڒsubsidiaryڒaڒbyڒownedڒareڒwhichڒofficeռڒregistered ڒrightڒspecialڒcorrespondingڒaڒforڒprovidesڒalsoڒSEռڒSixt ڒterminationսڒof

ڒbetweenڒagreementsڒCompensation ڒtheڒofڒmembersڒandڒCompanyڒthe ڒtheڒinڒemployeesڒorڒBoardڒManaging ڒڒofferڒtakeoverڒaڒofڒcase

ڒtheڒofڒmembersڒwithڒagreementsڒnoڒhasڒCompanyڒThe ڒthemڒentitleڒwouldڒthatڒemployeesڒorڒBoardڒManaging ڒڒofferսڒtakeoverڒaڒofڒcaseڒtheڒinڒcompensationڒto

BսԕڒՔڒReportڒonڒOutlook

Ԣօ Economicڒenvironmentڒڒ

ڒtheڒexpectsڒԼIMFԽڒFundڒMonetaryڒInternationalڒThe ڒaڒatڒalbeitڒռ2022ڒinڒgrowingڒcontinueڒtoڒeconomyڒglobal exՒڒIMFڒtheڒoutlookռڒ2022ڒJanuaryڒitsڒInڒpaceսڒslower ڒincreaseڒtoڒԼGDPԽڒproductڒdomesticڒgrossڒglobalڒpects byڒԔսԔٝڒԼ2021րڒԕսԚٝԽսڒItڒhasڒthusڒreducedڒitsڒestimateڒ ڒfromڒforecastڒitsڒtoڒcomparedڒpointsڒpercentageڒսԕ0ڒby ڒreintroducedڒtoڒparticularڒinڒdueڒisڒThisڒս2021ڒautumn mobilityڒrestrictionsڒfollowingڒtheڒspreadڒofڒtheڒOmiՒ ڒenergyڒrisingڒasڒwellڒasڒcoronavirusռڒtheڒofڒvariantڒcron ڒtoڒledڒhaveڒwhichڒbottlenecksռڒsupplyڒandڒprices ڒoutlookڒtheڒadditionռڒInڒinflationսڒhigherՒthanՒexpected ڒtheڒinڒpolicyڒmonetaryڒofڒtighteningڒaڒbyڒburdenedڒis ڒmarketڒestateڒrealڒChineseڒtheڒinڒproblemsڒtheڒUSAռ andڒaڒslowerڒthanڒexpectedڒrecoveryڒofڒprivateڒconՒ ڒsumptionս

ڒٝԓսԚڒofڒgrowthڒGDPڒexpectsڒIMFڒtheڒareaռڒeuroڒtheڒFor Լ2021րڒԕս2ٝԽսڒTheڒautumnڒforecastڒhasڒthusڒbeenڒcorՒ ڒmainڒTheڒpointsսڒpercentageڒսԔ0ڒbyڒdownwardsڒrected reasonsڒforڒthisڒareڒtheڒpandemicՒrelatedڒmobilityڒreՒ ڒIMFڒtheڒGermanyռڒForڒbottlenecksսڒsupplyڒandڒstrictions assumesڒeconomicڒgrowthڒofڒԓսԙٝڒԼ2021րڒ2սԘٝԽսڒTheڒ ڒpointsڒpercentageڒսԙ0ڒbeenڒhadڒforecastڒautumn ڒhigherս

TheڒKielڒInstituteڒforڒtheڒWorldڒEconomyڒԼIfWԽڒhadڒexՒ acՒڒ2022ڒinڒٝԔսԕڒbyڒgrowڒtoڒeconomyڒglobalڒtheڒpected ڒռ2021ڒDecemberڒinڒpublishedڒprojectionsڒitsڒtoڒcording ڒսԕ0ڒbyڒforecastڒ2021ڒSeptemberڒitsڒreducingڒthereby percentageڒpointsսڒTheڒpandemicڒandڒsupplyڒbottleՒ ڒbutڒeconomyռڒtheڒdampenڒtoڒcontinueڒwouldڒnecks ڒAlthoughڒIfWսڒtheڒtoڒaccordingڒinfluenceռڒloseڒwould ڒisڒimpactڒtheڒexpectedռڒareڒinfectionsڒofڒwavesڒnew likelyڒtoڒbecomeڒincreasinglyڒsmallerڒdueڒtoڒhighڒvacՒ ڒAtڒrecoveriesսڒofڒproportionڒhighڒaڒandڒratesڒcination ڒbottlenecksڒsupplyڒforڒestimatesڒIfWڒtheڒtimeռڒsameڒthe toڒbeڒgraduallyڒovercomeڒinڒtheڒwakeڒofڒincreasedڒadՒ ڒvalueڒandڒcapacitiesڒproductionڒtoڒmadeڒjustments ڒڒchainsս

ڒinڒgrowthڒeconomicڒprojectedڒIfWڒtheڒareaռڒeuroڒtheڒFor ڒս2022ڒinڒٝԓսԕڒtoڒcomeڒtoڒoutlookڒ2021ڒDecemberڒits ڒ2021ڒSeptemberڒitsڒdownscaledڒtherebyڒinstituteڒThe ڒtoڒAccordingڒpointսڒpercentageڒoneڒalmostڒbyڒforecast ڒtheڒinڒagainڒspeedڒupڒpickڒshouldڒrecoveryڒtheڒIfWռڒthe ڒtheڒInڒս2021ڒwinterڒinڒsetbackڒtheڒafterڒ2022ڒofڒspring

ڒimpairedڒsignificantlyڒthatڒbottlenecksڒsupplyڒprocessռ industrialڒactivityڒinڒtheڒwinterڒshouldڒgraduallyڒdissiՒ pateڒandڒenableڒstrongڒvalueՒaddedڒgrowthڒinڒtheڒmanՒ ڒPriceڒyearսڒtheڒofڒcourseڒtheڒoverڒsectorڒufacturing ڒeaseռڒtoڒexpectedڒareڒpricesڒenergyڒfromڒpressures ڒgoodsڒindustrialڒofڒpricesڒonڒpressureڒupwardڒtheڒwhile couldڒincreaseսڒTheڒunemploymentڒrateڒshouldڒconՒ ڒڒdeclineսڒtoڒtinue

ForڒGermanyռڒtheڒIfWڒforecastsڒGDPڒtoڒgrowڒbyڒԔս0ٝսڒ perՒڒ1ս1ڒfallsڒforecastڒ2021ڒDecemberڒitsڒAccordinglyռ ڒSeptemberڒfromڒoutlookڒtheڒbelowڒpointsڒcentage 2021սڒHoweverռڒtheڒIfWڒreckonsڒthatڒtheڒeconomicڒreՒ ڒpreviousڒinڒAsڒagainսڒonceڒdownڒslowedڒbeڒwillڒcovery wavesռڒtheڒinfectionڒrateڒinڒwinterڒisڒhamperingڒparticuՒ ڒsectorsսڒserviceڒcontactՒintensiveڒtheڒinڒactivitiesڒlarly ThereforeռڒthereڒwillڒlikelyڒbeڒaڒsetbackڒinڒprivateڒconՒ ڒinڒdeclineڒslightڒaڒalsoڒprobablyڒandڒspendingڒsumer ڒspringռڒtheڒinڒeaseڒpandemicڒtheڒofڒburdensڒtheڒIfڒGDPս aڒstrongڒrecoveryڒisڒlikelyڒtoڒsetڒinռڒsimilarڒtoڒ2021ռڒacՒ cordingڒtoڒtheڒIfWսڒEconomicڒactivityڒshouldڒthenڒdeՒ ڒsupplyڒasڒmomentumڒstrongڒparticularlyڒaڒvelop ڒindustrialڒburdeningڒcurrentlyڒareڒwhichڒbottlenecksռ ڒڒeaseսڒtoڒexpectedڒareڒBeverlyռڒproduction

BothڒtheڒIMFڒandڒtheڒIfWڒpublishedڒtheirڒforecastsڒbeՒ ڒdoڒtheyڒThereforeռڒUkraineսڒinڒwarڒtheڒofڒstartڒtheڒfore ڒonڒwarڒtheڒofڒimpactڒpotentialڒtheڒaccountڒintoڒtakeڒnot theڒfutureڒeconomicڒdevelopmentڒinڒtheڒregionsڒmenՒ ڒaboveսڒtioned

ڒSources ڒփ2022ڒJanuaryڒUpdateռڒOutlookڒEconomicڒWorldڒIWFռ ڒս2021ڒDecemberڒԙԗռڒandڒԙԕڒNoսڒreportsڒeconomicڒKielڒIfWռ

ԣօ Projectedڒindustryڒdevelopmentڒڒ

TheڒGermanڒleasingڒindustryڒexpectsڒnewڒbusinessڒacՒ ڒDeutscherڒBundesverbandڒTheڒս2022ڒinڒgrowڒtoڒtivities ڒAssociationڒGermanڒՔڒԼBDLڒeսVսڒLeasingՒUnternehmen ofڒLeasingڒCompaniesԽڒprovisionallyڒexpectsڒanڒinՒ ڒofڒpurchaseԽڒhireڒԼincludingڒvaluesڒacquisitionڒinڒcrease betweenڒԕڒandڒԘٝսڒTheڒassociationڒjustifiesڒthisڒasՒ ڒtheڒbyڒforecastsڒtheڒofڒstrengthڒallڒaboveڒsessment ڒinڒrisksڒidentifiesڒBDLڒTheڒinstitutesսڒresearchڒeconomic aڒlongerՒthanՒexpectedڒshortageڒofڒintermediateڒprodՒ ڒescalationڒanڒandڒcostsڒenergyڒhighڒpersistentlyڒuctsռ ڒwarսڒUkraineڒtheڒof

Ԕԕ ڒ2021ڒReportڒAnnual ڒgroupڒmobilityڒallane

ڒIndustryڒAutomotiveڒtheڒofڒAssociationڒGermanڒThe ڒexpectsڒeսVսԽڒAutomobilindustrieڒderڒVerbandڒՔڒԼVDA ڒռ2022ڒinڒٝԔڒbyڒgrowڒtoڒmarketڒcarڒpassengerڒglobalڒthe ڒinڒthatڒmeansڒThisڒս2021ڒofڒrateڒgrowthڒtheڒtoڒsimilar ڒitsڒbelowڒٝԓ1ڒunderڒjustڒbeڒstillڒwouldڒmarketڒtheڒ2022 ڒChinaڒandڒUSAڒtheڒinڒmarketsڒCarڒԘս201ڒofڒlevelڒpeak areڒexpectedڒtoڒgrowڒbyڒ2ٝսڒAccordingڒtoڒtheڒVDAռڒEuՒ ropeڒisڒcurrentlyڒmuchڒfurtherڒawayڒfromڒpreՒcrisisڒlevՒ ڒtoڒdueڒٝԕڒbyڒgrowڒtoڒprojectedڒthereforeڒisڒandڒels ڒtheڒGermanyռڒForڒthingsսڒotherڒamongڒeffectsڒcatchՒup ڒmillionڒսԙ2ڒtoڒupڒٝԘڒofڒgrowthڒmarketڒaڒexpectsڒVDA passengerڒcarsսڒDomesticڒproductionڒisڒexpectedڒtoڒinՒ creaseڒbyڒ1ԓٝڒtoڒԓսԕڒmillionڒunitsռڒwhichڒwouldڒcorreՒ ڒForeignڒս2020ڒofڒlevelڒproductionڒtheڒtoڒspond ڒmillionڒԚսԚڒtoڒٝԕڒbyڒincreaseڒtoڒexpectedڒisڒproduction ڒunitsս

TheڒVDAڒforecastsڒpresentedڒaboveڒwereڒpublishedڒbeՒ ڒnotڒhaveڒandڒUkraineڒinڒwarڒtheڒofڒoutbreakڒtheڒfore ڒofڒbeginningڒtheڒatڒHoweverռڒsinceսڒchangedڒbeen ڒVDAڒtheڒwarռڒtheڒofڒoutbreakڒtheڒafterڒshortlyڒMarchռ ڒtoڒdueڒdifficultڒwasڒoutlookڒreliableڒaڒthatڒannounced ڒbeڒwouldڒthereڒthatڒandڒsituationխڒdynamicڒխveryڒthe ڒGermanyսڒinڒproductionڒvehicleڒinڒimpairmentsխڒխfurther ڒthisռڒofڒextentڒtheڒquantifyڒtoڒableڒyetڒnotڒwasڒVDAڒThe ڒinformationսڒownڒitsڒtoڒaccording

ItڒisڒtheڒviewڒofڒAllaneڒthatڒprovidersڒofڒfleetڒmanageՒ ڒdemandڒsolidڒregisterڒtoڒcontinueڒwillڒservicesڒment ڒcorporationsڒasڒconditionsռڒeconomicڒstrainedڒinڒeven ڒtheirڒloweringڒonڒrelyingڒareڒsituationڒthisڒinڒespecially internalڒeffortsڒandڒfleetsխڒtotalڒoperatingڒcostsսڒByڒoutՒ sourcingڒtheڒfleetڒmanagementռڒtheyڒbenefitڒfromڒserՒ viceڒprovidersխڒexpertiseڒinڒtheڒpurchasingڒandڒreՒ ڒandڒmaintenanceڒtheirڒasڒwellڒasڒvehiclesռڒofڒmarketing ڒtheirڒprotectڒtoڒthemڒallowڒwillڒwhichڒnetworksռڒrepair ڒcoreڒownڒtheirڒonڒfocusڒandڒresourcesڒhumanڒown ڒbusinessս

ڒSources

ڒindustryڒleasingڒtheڒinڒdevelopmentڒbusinessڒforڒforecastڒFirstڒBDLռ ڒս2022ڒJanuaryڒԗ2ڒռ2021

ڒMoreڒinvestmentsսڒMoreڒspeedսڒMoreڒprogressսڒկMoreڒVDAռ ڒtheڒsetڒandڒworldwideڒwayڒtheڒleadڒmustڒGermanyڒinfrastructureս ڒս2022ڒFebruaryڒԚڒstandardsԲհռ

ڒս2022ڒMarchڒԓڒwarռڒofڒimpactڒsignificantڒՔڒsanctionsڒforڒSupportڒVDAռ

Ԥօ Expectedڒgeneralڒdevelopmentڒڒ

ڒitsڒexpandڒfurtherڒtoڒintendsڒGroupڒMobilityڒAllaneڒThe ڒasڒandڒvehiclesڒnewڒofڒsalesڒdirectڒonlineڒinڒposition

ڒofڒleasingڒfullՒserviceڒandڒmanagementڒtheڒinڒspecialist ڒfleetsսڒcorporate

ڒwillڒfocusڒTheڒcontinuedսڒbeڒtoڒisڒstrategyڒcurrentڒThe ڒasڒinternationalisationڒdigitalisationռڒonڒbeڒtoڒcontinue ڒtoڒisڒgoalڒAllaneիsڒgrowthսڒearningsڒandڒcontractڒasڒwell becomeڒtheڒleadingڒmultiՒbrandڒproviderڒofڒcompreՒ ڒEuropeսڒinڒsolutionsڒmobilityڒhensive

ڒforڒcourseڒsetڒfurtherڒtoڒplansڒCompanyڒtheڒռ2022ڒIn ڒtheڒinڒallڒaboveڒgrowthռڒprofitableڒandڒstrongڒfuture ڒfieldsսڒbusinessڒManagementڒFleetڒandڒRetailڒOnline ڒtheڒdigitalisingڒonڒespeciallyڒbeڒwillڒpointڒfocalڒThe ڒmodelսڒbusiness

ڒcostڒandڒprocessesڒimproveڒtoڒmeasuresڒFurthermoreռ ڒandڒproductivityڒtheڒimpactڒpositivelyڒwillڒoptimisation ڒmakeڒtoڒisڒaimڒTheڒGroupսڒtheڒofڒperformanceڒearnings internalڒprocessesڒevenڒmoreڒefficientڒbyڒdrivingڒforՒ wardڒtheڒdigitisationڒandڒautomationڒofڒbusinessڒproՒ ڒcostڒtheڒoptimiseڒtoڒplannedڒisڒitڒadditionռڒInڒcessesս ڒsynergiesڒtheڒofڒuseڒbetterڒevenڒmakingڒbyڒstructure ڒfieldsսڒbusinessڒtheڒbetween

ڒpossibilitiesڒsynergyڒandڒopportunitiesڒgrowthڒFurther ڒmajorityڒtheڒwithڒcooperationڒtheڒfromڒariseڒcould ڒEuropeڒBankڒCapitalڒHyundaiڒSEռڒAllaneڒofڒowner ڒGmbHս

ԤօԢ OnlineڒRetailڒbusinessڒfieldڒڒ

ڒCompanyڒtheڒoffersڒGermanyڒinڒmarketڒretailڒonlineڒThe ڒcarڒnewڒexpectsڒAllaneڒpotentialսڒgrowthڒattractiveڒan ڒinڒchannelsڒonlineڒtowardsڒmoreڒandڒmoreڒshiftڒtoڒsales ڒstudiesڒnumerousڒbyڒshownڒalsoڒisڒThisڒfutureսڒnearڒthe ڒReportԽսڒAnnualڒthisڒinڒReportիڒժOpportunitiesڒԼsee

TheڒAllaneڒMobilityڒGroupڒhasڒmadeڒitڒitsڒgoalڒtoڒconՒ ڒprivateڒforڒmarketڒleasingڒonlineڒnewڒrelativelyڒtheڒquer ڒareڒsharesڒmarketڒFurtherڒcustomersսڒcommercialڒand ڒsuitableڒlaunchingڒbyڒallڒaboveڒwonڒbeڒtoڒexpected marketingڒactivitiesڒasڒwellڒasڒcampaignsڒandڒcooperaՒ ڒisڒCompanyڒtheڒchannelsռڒsalesڒfurtherڒaccessڒToڒtionsս ڒacquisitionsսڒofڒpossibilitiesڒtheڒreviewingڒpermanently

ڒdevelopڒfurtherڒtoڒworkingڒcontinuallyڒisڒCompanyڒThe ڒtoڒfieldڒbusinessڒtheڒofڒrangeڒserviceڒandڒproductڒthe ڒadditionalڒgenerateڒandڒgroupsڒcustomerڒnewڒaddress growthսڒInڒparticularռڒsalesڒcooperationsڒforڒtheڒmarketՒ ڒleasingڒofڒintroductionڒtheڒasڒwellڒasڒcarsڒnewڒofڒing

ڒinڒgrowthڒtheڒsupportڒtoڒareڒvehiclesڒusedڒforڒoffers ڒtheڒextendingڒonڒisڒfocusڒtheڒadditionռڒInڒcontractsս ڒleasingڒbetweenڒtiesڒtheڒseveringڒbyڒservicesڒofڒrange ڒڒproductsսڒserviceڒandڒcontracts

ڒserviceڒandڒproductڒitsڒofڒexpansionڒtheڒAlongside rangeռڒAllaneڒisڒattachingڒsignificantڒimportanceڒtoڒfurՒ therڒdevelopingڒitsڒITڒsystemsڒandڒoptimisingڒitsڒcusՒ ڒcontinuousڒtheڒisڒobjectiveڒTheڒprocessesսڒtomer ڒgearingڒbyڒexperienceڒcustomerڒtheڒofڒimprovement ڒreturnڒandڒdeliveryڒorderռڒtheڒasڒwellڒasڒwebsitesڒthe ڒisڒthisڒofڒAllڒuserՒfriendlinessսڒtoڒmoreڒmuchڒprocesses intendedڒtoڒhaveڒaڒpositiveڒimpactڒonڒcustomerڒsatisՒ ڒconclusionڒtheڒpromoteڒandڒfosterڒtherebyڒandڒfaction ڒڒcontractsսڒfollowՒupڒandڒnewڒof

ڒongoingڒtheڒandڒperspectivesڒgrowthڒthisڒofڒviewڒIn ڒcontinuesڒfieldڒbusinessڒRetailڒOnlineڒtheڒdigitalisationռ ڒearningsڒandڒgrowthڒbiggestڒGroupխsڒtheڒasڒseenڒbeڒto ڒdriverս

Ԥօԣ FleetڒLeasingڒbusinessڒfieldڒ

ڒinڒoperatingڒisڒAllaneڒfieldռڒbusinessڒLeasingڒFleetڒtheڒIn ڒtheڒbyڒGermanyڒinڒdominatedڒmarketռڒcompetitiveڒa ڒConsequentlyռڒcompaniesսڒleasingڒvendorՒneutralڒlarge inڒitsڒkeyڒaccountڒsegmentڒAllaneڒisڒfocusingڒinڒparticuՒ larڒonڒstrengtheningڒlongՒstandingڒcustomerڒrelationՒ ڒwithڒcustomersڒexistingڒconvincingڒonڒandڒships individualڒsolutionsڒandڒconsistentڒhighڒlevelsڒofڒserՒ ڒqualityսڒvice

ڒwithڒsegmentڒtheڒinڒcompetitionڒpriceڒintenseڒtheڒGiven largeڒandڒmediumՒlargeڒcorporateڒcustomersռڒAllaneڒinՒ tendsڒtoڒfurtherڒexpandڒtheڒbusinessڒwithڒsmallerڒcorՒ ڒisڒsegmentڒThisڒvehiclesԽսڒ0ԕ2ڒtoڒ20Լڒcustomersڒporate ڒAccountڒBusinessڒlocalڒaڒbyڒservicedڒandڒaddressed ڒwellڒasڒpotentialsڒmarginڒinterestingڒTherebyռڒManagerս ڒcustomerڒcorporateڒtheڒofڒdiversificationڒfurtherڒaڒas ڒachievedսڒbeڒshallڒportfolio

ڒshareڒthatڒexpectsڒBoardڒManagingڒtheڒthisռڒonڒBased ڒtheڒwithinڒincreaseڒwillڒfleetsڒsmallerڒwithڒcustomersڒof ڒportfolioսڒcontractڒfieldիsڒbusiness

InڒadditionռڒfleetڒcustomersڒshallڒbeڒconvincedڒbyڒproՒ activeڒcontractڒmonitoringڒasڒwellڒasڒconsultingڒonڒflexՒ ڒwhileڒchangesڒmileageڒandڒdurationڒoptimalڒandڒible takingڒintoڒconcernڒtheڒactualڒCOVIDՒ1Ԛڒandڒpurchaseڒ ڒsituationս

ԤօԤ FleetڒManagementڒbusinessڒunitڒ

InڒtheڒFleetڒManagementڒbusinessڒunitռڒtheڒAllaneڒMoՒ ڒamongڒtrendڒtheڒexploitڒtoڒcontinueڒwillڒGroupڒbility largerڒcorporationsڒtoڒoutsourceڒtheirڒfleetڒmanageՒ ڒtheڒendڒthisڒToڒcustomersսڒnewڒoverڒwinڒtoڒasڒsoڒment comingڒyearsڒwillڒseeڒtheڒexpansionڒofڒbusinessڒinڒexՒ istingڒhomeڒmarketsռڒespeciallyڒbyڒusingڒexistingڒcusՒ ڒڒrelationshipsսڒtomer

ڒITڒintelligentڒonڒfocusڒtoڒcontinueڒwillڒAllaneڒadditionռڒIn solutionsڒandڒcontinuouslyڒinvestڒinڒtheڒfurtherڒdevelՒ opmentڒofڒtheڒdigitalڒinfrastructureڒandڒtheڒdigitalisaՒ ڒfurtherڒtoڒisڒaimڒTheڒmodelսڒbusinessڒtheڒofڒtion ڒcustomersڒcorporateڒforڒserviceڒofڒlevelڒtheڒimprove ڒdriversڒcarڒcompanyڒforڒexperienceڒuserڒtheڒand throughڒdigitalڒsolutionsսڒTheڒselfՒserviceڒappڒforڒcomՒ panyڒcarڒdriversռڒժTheڒCompanionիռڒlaunchedڒinڒtheڒsecՒ ڒbeڒtoڒisڒexpandedռڒcontinuouslyڒandڒԚ201ڒofڒhalfڒond fiՒڒ2022ڒtheڒinڒusersڒandڒcustomersڒmoreڒtoڒoutڒrolled nancialڒyearսڒMoreڒwidespreadڒuseڒofڒtheڒappڒcouldڒreՒ ڒtoڒitڒshiftڒandڒsupportڒuserڒonڒspentڒtimeڒstaffڒduce otherڒactivitiesڒsuchڒasڒadvisoryڒservicesսڒTheڒComՒ panyڒexpectsڒthisڒtoڒhaveڒaڒpositiveڒimpactڒonڒproducՒ ڒsatisfactionսڒcustomerڒandڒtivity

ڒisڒunitڒbusinessڒManagementڒFleetڒtheڒtermռڒlongڒtheڒIn toڒdevelopڒintoڒaڒfullՒserviceڒproviderڒofڒcorporateڒmoՒ ڒemployeesڒofڒneedsڒmobilityڒtheڒbecauseڒisڒThisڒbilityս ڒlargeڒinڒespeciallyڒsignificantlyռڒchangedڒrecentlyڒhave ڒaڒremainڒprobablyڒwillڒcarڒcompanyڒtheڒAlthoughڒcitiesս ڒfromڒdemandڒtheڒmobilityռڒcorporateڒofڒcomponentڒkey ڒthatڒoffersڒmobilityڒindividualڒandڒflexibleڒforڒemployees ڒisڒAllaneڒincreasingսڒisڒtransportڒofڒmeansڒallڒintegrate thereforeڒpreparingڒtoڒmanageڒtheڒentireڒrangeڒofڒcorՒ ڒtheڒinڒprovidersڒandڒsuppliersڒallڒacrossڒmobilityڒporate ڒcompanyڒclassicڒfromڒunitրڒbusinessڒManagementڒFleet carsڒtoڒfurtherڒmobilityڒsolutionsڒwithinڒtheڒB2BڒbusiՒ ڒsegmentսڒness

ԥօ Financialڒoutlookڒԣԡԣԣڒ

Forڒtheڒfinancialڒyearڒ2022ռڒtheڒManagingڒBoardڒexՒ pectsڒaڒcontractڒportfolioڒinڒaڒrangeڒbetweenڒ1ԓ0ռ000ڒ andڒ1ԕ0ռ000ڒcontractsڒԼ2021րڒ12ԙռԙԔԕڒcontractsԽڒandڒ ڒbetweenڒrangeڒaڒinڒrevenueڒoperatingڒconsolidated EURڒԓԕ0ڒmillionڒandڒEURڒԔ00ڒmillionڒԼ2021րڒEURڒԓԙ2սԗڒ millionԽսڒWithڒregardڒtoڒEBTռڒtheڒManagingڒBoardڒexՒ pectsڒaڒhigherڒsingleՒdigitڒmillionڒeuroڒamountڒԼ2021րڒ ڒڒmillionԽսڒ1ԗսڒEUR

TheڒreasonsڒforڒthisڒforecastڒareռڒinڒadditionڒtoڒtheڒopՒ ڒfinancialڒcurrentڒtheڒinڒdevelopmentڒbusinessڒerating yearڒtoڒdateռڒtheڒongoingڒCOVIDՒ1Ԛڒsituationռڒtheڒnewڒ ڒsemiconductorիsڒtheڒtoڒdueڒrestrictionsڒsupplyڒcar ڒwarڒUkraineڒtheڒimpactڒpotentialڒtheڒandڒshortageռ ڒinڒdescribedڒasڒmarketڒautomotiveڒtheڒonڒhaveڒmight theڒreportڒonڒrisksսڒInڒthisڒcontextռڒtheڒCompanyڒexՒ ڒforڒenvironmentڒbusinessڒandڒmarketڒtheڒthatڒpects ڒcontinueڒwillڒrevenuesڒusageՒbasedڒandڒcontractsڒnew toڒbeڒnegativelyڒimpactedڒbyڒtheڒaforementionedڒeleՒ mentsսڒHoweverռڒforڒtheڒsecondڒhalfڒofڒ2022ռڒtheڒcomՒ ڒdevelopmentڒbusinessڒtheڒinڒrecoveryڒaڒexpectsڒpany ofڒnewڒcontractsڒandڒusageՒbasedڒsalesڒdueڒtoڒaڒnorՒ ڒimprovedڒanڒandڒpandemicڒCoronaڒtheڒofڒmalisation ڒimpactڒtheڒwhileڒsummerռڒtheڒafterڒcarsڒnewڒofڒsupply ofڒtheڒUkraineڒsituationڒonڒEuropeanڒeconomiesڒreՒ ڒquarterڒfirstڒtheڒforڒEBTڒtoڒregardڒWithڒuncertainսڒmains ڒbeڒtoڒfigureڒtheڒexpectsڒBoardڒManagingڒtheڒռ2022ڒof ڒpreviousڒtheڒforڒfigureڒcorrespondingڒtheڒthanڒhigher ڒvehicleڒstrongڒtheڒtoڒdueڒmillionԽڒ0ս1ڒEURڒր2021ڒ1ԼQڒyear recyclingڒbusinessսڒTheڒrecyclingڒbusinessڒisڒnotڒexՒ ڒpreviousڒinڒachievedڒresultsڒtheڒmatchڒtoڒpected ڒtheڒadditionռڒInڒyearսڒtheڒofڒrestڒtheڒduringڒmonths

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BսԗڒՔڒReportڒonڒRisksڒandڒOpportunities

Ԣօ Riskڒsituationڒ

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ԢօԢ GeneralڒmarketڒrisksڒԼeconomicքڒsocialڒ ڒrisksԽڒregulatoryڒand

ڒtheڒinڒengagedڒprimarilyڒisڒGroupڒMobilityڒAllaneڒThe ڒManagementռڒFleetڒandڒLeasingڒunitsڒbusinessڒtwo ڒڒGermanyսڒonڒmainlyڒfocusedڒareڒwhichڒofڒboth

ڒonڒdegreeڒlargeڒaڒtoڒdependentڒareڒsegmentsڒBoth ڒinڒespeciallyڒandڒEuropeڒinڒconditionsڒeconomicڒgeneral GermanyռڒbecauseڒtheseڒinfluenceڒparticularlyڒcusՒ tomerڒreadinessڒtoڒinvestڒandڒspendռڒandڒcorrespondՒ ڒmanagementڒfleetڒandڒleasingڒforڒdemandڒtheڒingly ڒڒservicesս

InڒperiodsڒofڒeconomicڒweaknessռڒtheڒdemandڒforڒleasՒ ingڒandڒfleetڒmanagementڒservicesڒonڒtheڒpartڒofڒcomՒ ڒofڒresultڒaڒasڒdeclineڒcanڒhouseholdsڒprivateڒandڒpanies ڒrisksڒdefaultڒhigherڒadditionռڒInڒmeasuresսڒausterity ڒdefaultڒcounterpartyڒandڒrisksڒsectorՒspecificڒԼeսgս risksԽڒcanڒbeڒexpectedڒduringڒtheseڒphasesսڒAڒweakenՒ ingڒofڒtheڒoverallڒeconomyڒcanڒthereforeڒhaveڒaڒnegaՒ ڒfleetڒandڒleasingڒforڒdemandڒonڒimpactڒtive ڒڒprofitabilityսڒtheirڒonڒandڒproductsڒmanagement

DemandڒforڒclassicڒleasingڒandڒfleetڒmanagementڒserՒ vicesڒcouldڒalsoڒbeڒadverselyڒaffectedڒbyڒtheڒemerՒ ڒofferedڒareڒthatڒsolutionsڒmobilityڒalternativeڒofڒgence ڒmarketڒandڒmanufacturersڒcarڒnewڒandڒestablishedڒby playersռڒbyڒtheڒincreasingڒtrendڒawayڒfromڒtheڒcombusՒ ڒofferingsսڒmobilityڒnewڒasڒwellڒasڒengineڒtion

TheڒAllaneڒMobilityڒGroupڒregularlyڒdevelopsڒnewڒprodՒ uctڒideasڒandڒbusinessڒmodelsڒinڒorderڒtoڒrespondڒapՒ ڒconditionsڒmarketڒchangingڒrapidlyڒtheseڒtoڒpropriately ڒtheڒmaintainڒtoڒandڒrequirementsռڒcustomerڒand ڒacquiringڒwhileڒleadershipڒinnovationڒforڒclaimڒGroupխs ڒproductsڒnewڒtheseڒLaunchingڒshareսڒmarketڒadditional ڒcanڒpenetrationڒmarketڒensuringڒandڒmarketڒtheڒon ڒcorrespondingڒtheڒofڒspiteڒInڒcostsսڒinitialڒhighڒgenerate ڒguaranteedڒbeڒcannotڒitڒplanningռڒandڒanalysisڒmarket

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InڒadditionռڒtheڒbusinessڒdevelopmentڒofڒtheڒAllaneڒMoՒ ڒexternalڒunforeseeableڒbyڒaffectedڒbeڒmayڒGroupڒbility ڒdisastersռڒenvironmentalڒandڒnaturalڒasڒsuchڒfactors ڒSuchڒpandemicsսڒorڒepidemicsڒorڒattacksڒterrorist eventsڒcouldڒhaveڒnegativeڒeffectsڒbothڒdirectlyڒonڒopՒ ڒresultڒaڒAsڒsupplyսڒandڒdemandڒgeneralڒonڒandڒerations ofڒtheseڒexternalڒeventsռڒthereڒmayڒbeڒdefaultsڒbyڒcusՒ tomersڒinڒtheڒinventoryڒportfolioռڒbyڒdealersՎmanufacՒ ڒbuyՒbackڒviaڒespeciallyڒsalesռڒvehicleڒonڒturers ڒtheڒofڒresultڒaڒAsڒprovidersսڒserviceڒbyڒandڒagreementsռ ongoingڒpandemicռڒthereڒareڒcurrentlyڒresourceڒshortՒ ڒsupplyڒtoڒdueڒprimarilyڒbusinessռڒcarڒnewڒtheڒinڒfalls shortagesڒinڒsemiconductorڒtechnologyսڒCorrespondՒ inglyռڒpricesڒinڒtheڒusedڒcarڒsegmentڒareڒrisingڒdisproՒ ڒportionatelyս

ڒonڒUkraineڒintoڒtroopsڒRussianڒofڒinvasionڒtheڒWith ڒhasڒUkraineڒagainstڒwarڒRussianڒtheڒռ2022ڒFebruaryڒԔ2 ڒautomotiveڒtheڒSEռڒAllaneڒforڒfactorڒriskڒnewڒaڒbecome ڒatڒAsڒenvironmentսڒmacroeconomicڒtheڒandڒindustry theڒendڒofڒMarchڒ2022ռڒwhenڒthisڒriskڒreportڒwasڒfinalՒ ڒfullڒtheڒassessڒaccuratelyڒtoڒpossibleڒnotڒwasڒitڒisedռ ڒhadڒwarڒtheڒHoweverռڒconflictսڒtheڒofڒimpactڒeconomic ڒpricesڒfuelڒinڒincreaseڒsignificantڒaڒcausedڒalready ڒtimeսڒinڒpointڒparticularڒthatڒatڒthingsڒotherڒamong ڒmobilityڒinڒdeclineڒaڒtoڒleadڒcouldڒpricesڒhigherڒThese ڒbusinessڒCompanyխsڒtheڒburdenڒthereforeڒandڒdemand ڒinڒespeciallyڒyearռڒfinancialڒ2022ڒtheڒinڒdevelopment ڒwarڒtheڒMoreoverռڒfieldսڒbusinessڒRetailڒOnlineڒthe couldڒfurtherڒexacerbateڒsupplyڒshortagesڒandڒthereՒ ڒaڒhaveڒcouldڒThisڒcarsսڒnewڒofڒavailabilityڒtheڒlimitڒfore ڒFleetڒandڒRetailڒOnlineڒtheڒonڒimpactڒnegativeڒfurther LeasingڒbusinessڒfieldsսڒTheڒCompanyڒwillڒcloselyڒobՒ serveڒtheڒfutureڒdevelopmentսڒInڒparticularռڒtheڒManagՒ ڒkeyڒtheڒofڒmeetingڒbiՒdailyڒaڒconvenedڒhasڒBoardڒing areasڒԼSalesռڒRemarketingռڒPurchasingռڒRiskռڒITռڒInforՒ ڒthisڒInڒTreasuryԽսڒResourcesռڒHumanڒSecurityռڒmation meetingռڒcurrentڒdevelopmentsڒareڒdiscussedڒandڒposՒ ڒMobilityڒAllaneڒtheڒofڒbusinessڒtheڒonڒeffectsڒsible ڒwereڒmeasuresڒsignificantڒfirstڒTheڒanalysedսڒareڒGroup ڒtheڒexamineڒtoڒrequirementsռڒsecurityڒITڒstrengthenڒto portfolioڒforڒpotentiallyڒimpairedڒindustriesڒandڒcustomՒ ersռڒandڒtoڒanalyseڒtheڒcurrentڒstressڒscenariosڒwithڒreՒ ڒofڒapplicationڒtheڒtoڒdueڒeffectsڒpossibleڒtoڒgard

ڒcustomersڒlargerڒadditionռڒInڒassumptionsսڒtightening andڒsuppliersڒwereڒcontactedڒdirectlyڒregardingڒpossiՒ ڒisڒthereڒmeasuresռڒinitiatedڒtheseڒonڒBasedڒimpactsսڒble currentlyڒnoڒfurtherڒacuteڒneedڒforڒactionսڒClientsڒpoՒ ڒplacedڒbeenڒhaveڒcrisisڒtheڒbyڒaffectedڒdirectlyڒtentially ڒmoreڒbehaviourڒpaymentڒtheirڒmonitorڒtoڒlistڒwatchڒaڒon closelyսڒInڒtheڒmediumڒtoڒlongڒtermռڒeffectsڒareڒexՒ ڒsupplyڒfurtherڒandڒpricesڒenergyڒrisingڒtoڒdueڒpected ڒofڒextentڒtheڒHoweverռڒbusinessսڒtheڒforڒbottlenecks ڒtimeսڒthisڒatڒquantifiedڒbeڒcannotڒeffectsڒthese

ڒtoڒsubjectڒisڒGroupڒMobilityڒAllaneڒtheڒofڒbusinessڒThe ڒGroupڒtheڒwhichڒunderڒregulationsռڒandڒlawsڒnumerous ڒlegalڒallڒmeetڒtoڒfailsڒAllaneڒthatڒriskڒaڒisڒThereڒactiveսڒis ڒtoڒtimelyڒreactڒtoڒorڒrequirementsڒregulatoryڒand changesڒinڒtheڒlegalڒorڒregulatoryڒenvironmentսڒInڒaddiՒ ڒGermanڒtheڒunderڒrequirementsڒexistingڒtheڒtoڒtion ڒBankingڒGermanڒtheڒandڒԼAktGԽڒActڒCorporationڒStock ڒConsultingڒMobilityڒAllaneڒGroupռڒtheڒwithinڒԼKWGԽڒAct GmbHռڒaڒwhollyՒownedڒsubsidiaryڒofڒAllaneڒSEռڒsubmitՒ ڒGermanڒtheڒunderڒpermissionڒforڒapplicationڒanڒted ڒActڒSupervisionڒServicesڒPayment ԼZahlungsdiensteaufsichtsgesetzփڒZAGԽڒinڒorderڒtoڒobՒ tainڒaڒlicenceڒtoڒexecuteڒpaymentڒtransactionsսڒTheڒAlՒ ڒwhichڒteamڒprojectڒaڒinstalledڒhasڒGroupڒMobilityڒlane ڒmetڒareڒspecificationsڒlicenceڒrequiredڒtheڒthatڒensures ڒunderڒrequirementsڒnecessaryڒtheڒofڒFulfilmentڒtimeսڒon ڒinڒcompletedڒbeڒtoڒexpectedڒisڒprocessڒlicensingڒthe ڒս2022ڒofڒhalfڒfirstڒthe

Ԣօԣ SpecificڒrisksڒinڒtheڒLeasingڒandڒFleetڒ ڒunitsڒbusinessڒManagement

ڒactivitiesڒbusinessڒofڒfocusڒtheڒunitsռڒbusinessڒbothڒIn ڒtheڒofڒdevelopmentڒTheڒcustomersսڒcorporateڒonڒis ڒdependentڒothersڒamongڒaccordinglyڒisڒunitsڒbusiness onڒcorporateڒinvestmentڒbehaviourսڒThisڒinvestmentڒbeՒ ڒbeڒՔڒinfluencesڒcyclicalڒgeneralڒfromڒapartڒՔڒcanڒhaviour affectedڒbyڒeconomicռڒaccountingռڒregulatoryռڒandڒfisՒ calڒconditionsռڒinڒparticularڒwhenڒitڒcomesڒtoڒcommerՒ ڒleasingڒonڒtaxesڒHigherڒleasingսڒvehicleڒcial transactionsڒandڒcompanyڒcarsڒorڒtheڒpossibilityڒofڒadՒ ڒregulationsڒaccountingڒinternationalڒinڒchangesڒverse relatingڒtoڒcontractsڒofڒleaseڒcanڒalsoڒreduceڒtheڒatՒ ڒڒfleetsսڒleasedڒonڒbasedڒsolutionsڒofڒtractiveness

TheڒleasingڒmarketڒinڒGermanyڒcontinuesڒtoڒbeڒdomiՒ natedڒbyڒleasingڒcompaniesڒtiedڒtoڒspecificڒmanufacՒ ڒpurchasingڒgoodڒenjoyڒeitherڒTheyڒbanksսڒorڒturers ڒtheirڒtoڒdueڒopportunitiesڒremarketingڒandڒconditions closeڒconnectionsڒwithڒtheڒmanufacturersڒorڒgoodڒrefiՒ ڒaڒwithڒaffiliationڒtheirڒofڒbecauseڒconditionsڒnancing ڒtheڒonڒcompetitionڒfierceڒisڒthereڒreasonռڒthisڒForڒbankս marketڒforڒvehicleڒleasingڒinڒtermsڒofڒpriceڒandڒcondiՒ ڒڒmarginsսڒonڒimpactڒnegativeڒaڒhaveڒcouldڒwhichڒtionsռ

ڒMobilityڒAllaneڒtheڒfieldռڒbusinessڒLeasingڒFleetڒtheڒIn ڒadditionڒinڒwhichռڒleasingڒfullՒserviceڒonڒfocusesڒGroup toڒpureڒfinancialڒleasingռڒalsoڒprovideڒaڒvarietyڒofڒaddiՒ ڒtheڒtoڒDueڒcustomersսڒcorporateڒforڒservicesڒtional ڒproviderռڒleasingڒfullՒserviceڒaڒasڒorientationڒconsistent theڒAllaneڒMobilityڒGroupڒaspiresڒtoڒreduceڒitsڒdependՒ ڒconstantڒunderڒisڒwhichڒleasingռڒfinanceڒpureڒonڒency ڒdevelopmentڒcontinuousڒtheڒadditionռڒInڒpressureսڒprice ofڒnewռڒmostlyڒinternetՒbasedڒproductsڒprovidesڒanڒopՒ ڒtheڒfromڒitselfڒdifferentiateڒtoڒGroupڒtheڒforڒportunity competitionսڒAllaneڒMobilityڒGroupsիڒOnlineڒRetailڒbusiՒ ڒprivateڒtoڒsolutionsڒleasingڒattractiveڒoffersڒfieldڒness ڒwebsitesڒitsڒonڒparticularlyڒcustomersռڒcommercialڒand sixtՒneuwagenսdeڒandڒautohaus2ԔսdeսڒInڒadditionռڒaڒ ڒbeingڒcurrentlyڒisڒleasingռڒcaptiveڒfieldռڒbusinessڒnew ڒtheڒinڒAllaneڒofڒpillarڒthirdڒtheڒformڒwillڒandڒestablished futureսڒItڒoffersڒbothռڒbothڒprivateڒandڒcommercialڒcusՒ ڒHyundaiڒmanufacturersڒtheڒfromڒmodelsڒvehicleڒtomers ڒThisڒnetworkսڒdealerڒtheڒviaڒsaleڒofڒpointڒtheڒatڒKIAڒand ڒisڒandڒphaseڒpilotڒtheڒinڒcurrentlyڒisڒsegmentڒbusiness ڒtheڒinڒoperationڒproductiveڒintoڒputڒbeڒtoڒscheduled ManageՒڒFleetڒtheڒInڒyearսڒfinancialڒ2022ڒtheڒofڒmiddle ڒitsڒfromڒbenefitsڒCompanyڒtheڒunitռڒbusinessڒment ڒvehicleڒofڒmanagementڒtheڒinڒexperienceڒofڒyearsڒmany ڒoperatorսڒfleetڒmajorڒaڒasڒpositionڒitsڒfromڒandڒfleets

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ڒcorporateռڒtoڒleasesڒitڒvehiclesڒtheڒprocuresڒAllane commercialڒandڒprivateڒcustomersڒfromڒcarڒmanufacՒ turersڒandڒdealersսڒConsequentlyռڒtheڒCompanyڒisڒdeՒ ڒmodelsռڒcarڒpopularڒofڒsupplyڒadequateڒtheڒonڒpendent ڒanڒasڒwellڒasڒconditionsڒcompetitiveڒatڒpurchaseڒtheir ڒsameڒTheڒrangeսڒproductڒhighՒqualityڒandڒattractive ڒprovidersռڒthirdՒpartyڒtoڒrelationڒinڒexistsڒdependence ڒtyresռڒexampleڒforڒprocuresڒCompanyڒtheڒwhomڒfrom

ڒtheseڒlimitڒToڒrepairsսڒasڒsuchڒservicesڒandڒinsurance ڒcontractsڒframeworkڒlongՒtermڒnegotiatesڒAllaneڒrisksռ ڒsuppliersսڒrespectiveڒtheseڒwithڒagreementsڒrebateڒand

ԣօ Internalڒcontrolڒandڒriskڒ ڒڒorganisationڒmanagement

ԣօԢ Riskڒmanagementڒsystemڒ

TheڒriskڒmanagementڒsystemڒsupportsڒtheڒmanageՒ ڒtheڒimplementingڒinڒGroupڒMobilityڒAllaneڒtheڒofڒment ڒrelevantڒallڒmonitorsڒandڒstrategyڒriskڒandڒbusiness ڒabroadսڒandڒhomeڒatڒrisks

ڒestablishedڒsystemsڒcontrolڒandڒassessmentڒriskڒThe ڒriskڒcreditڒofڒorganisationڒtheڒasڒwellڒasڒSEڒAllaneڒby managementڒorientateڒthemselvesڒtowardsڒtheڒminiՒ ڒandڒbanksڒofڒmanagementڒriskڒforڒrequirementsڒmum ڒbyڒimposedڒԼMaRiskԽڒinstitutionsڒservicesڒfinancial BaFinڒԼBundesanstaltڒfürڒFinanzdienstleistungՒ ڒsaufsichtԽս

ڒtheڒconsideredڒSEڒAllaneڒperiodռڒreportingڒtheڒDuring ڒadequacyڒtheڒtoڒrelatingڒMaRiskڒbyڒrequiredڒmeasures ڒtoڒrequiredڒmeasuresڒtheڒasڒwellڒasڒmanagementڒriskڒof ڒorganisationռڒbusinessڒtheڒofڒcorrectnessڒtheڒensure ڒtheڒofڒscaleڒandڒcomplexityڒtheڒaccountڒintoڒtaking ڒCompanyսڒtheڒbyڒassumedڒrisks

ڒandڒcalculableڒareڒtheyڒifڒrisksڒtakesڒonlyڒSEڒAllane ڒpolicyڒtheڒinڒenshrinedڒprinciplesڒtheڒwithڒconsistent ڒasڒGroupڒorڒCompanyڒtheڒofڒstrategyڒandڒobjectives ڒappetiteսڒriskڒdefinedڒpreviouslyڒtheڒasڒwell

BasedڒonڒtheڒriskڒstrategyڒdeterminedڒbyڒtheڒmanageՒ ڒmanagementڒriskڒtheڒofڒcomponentsڒessentialڒmentռ ڒdocumentingڒsystematicڒidentificationռڒtheڒareڒsystem ڒasڒrisksռڒofڒprioritisationڒandڒassessmentڒanalysisռڒand ڒonڒrisksڒofڒimpactڒandڒeffectsڒtheڒofڒanalysisڒanڒasڒwell ڒitsڒhasڒsystemڒmanagementڒriskڒTheڒCompanyսڒthe componentsڒembeddedڒintoڒtheڒorganizationalڒstrucՒ ڒmodelڒDefenceիڒofڒLinesڒժThreeڒtheڒfollowsڒwhichڒture ڒtheڒbetweenڒdutiesڒofڒseparationڒclearڒaڒintendsڒand ڒtheڒmanagementռڒriskڒunitsռڒoperatingڒandڒbusiness controlڒandڒmonitoringڒfunctionsռڒasڒwellڒasڒprocessՒinՒ ڒavoidռڒtoڒmeasuresڒbasisռڒthisڒOnڒauditingսڒdependent ڒinitiatedսڒbeڒcanڒrisksڒtransferڒorڒreduce

ڒcapabilityڒriskՒtakingڒtheڒonڒbasedڒisڒmanagementڒRisk ڒtheڒofڒpartڒasڒquarterlyڒestablishedڒisڒwhichڒcalculationռ riskڒreportڒandڒwhichڒlistsڒallڒmaterialڒrisksڒofڒtheڒComՒ ڒprocessesռڒoutsourcedڒanyڒaccountڒintoڒTakingڒpanyս ڒforڒsystemڒmanagementڒriskڒaڒinstalledڒhasڒSEڒAllane ڒisڒwhichڒincurredռڒrisksڒrelevantڒallڒofڒmonitoringڒthe ڒtheڒofڒbasisڒtheڒonڒfurtherڒdevelopedڒcontinuously CompanyխsڒownڒbusinessڒneedsڒandڒinڒlineڒwithڒtheڒreՒ quirementsڒofڒaڒstockڒlistedڒcompanyսڒAllaneڒSEڒhasڒesՒ ڒwithڒcomplyڒtoڒcontrolsڒandڒpoliciesڒinternalڒtablished ڒofڒmanagementڒriskڒforڒrequirementsڒminimumڒthe ڒisڒandڒԼMaRiskԽڒinstitutionsڒservicesڒfinancialڒandڒbanks constantlyڒreviewingڒandڒdevelopingڒtheseսڒTheڒexistՒ ڒdepartmentsڒtheڒwithinڒsystemsڒmanagementڒriskڒing ڒcontrollingռڒriskڒcomplianceռڒaccountingռڒcontrollingռڒof operativeڒcreditڒmanagementռڒreceivablesڒmanageՒ mentռڒITڒgovernanceڒandڒinternalڒauditڒorientateڒthemՒ ڒڒMaRiskսڒtheڒofڒstipulationsڒtheڒtowardsڒselves

ڒofڒpartڒasڒoutsourcedڒpartlyڒwasڒfunctionڒfollowingڒThe outsourcingڒarrangementsڒtoڒSixtڒGmbHڒԱڒCoսڒAuՒ ڒperiodրڒreportingڒtheڒofڒendڒtheڒofڒasڒKGڒtovermietung

ڒadministrationڒIT

ڒmaterialڒasڒclassifiedڒservicesڒITڒotherڒtwoڒadditionռڒIn ڒprovidersսڒITڒvariousڒtoڒoutsourcedڒwere

ڒcontingentڒforڒprovisionsڒadequateڒmadeڒhasڒSEڒAllane andڒexposureڒrisksڒandڒotherڒrisksڒarisingڒfromڒitsڒbusiՒ ڒڒactivitiesսڒness

ForڒtheڒshortՒtermڒreceivablesڒfromڒleasingڒandڒfullՒ serviceڒpaymentsڒasڒwellڒasڒfleetڒmanagementڒserՒ ڒdateڒreportingڒtheڒofڒasڒcreatedڒisڒprovisionڒriskڒaڒvicesռ inڒtheڒformڒofڒaڒvalueڒadjustmentڒonڒtheڒoutstandingڒreՒ ڒreceivablesڒcustomerڒtheڒpurposeռڒthisڒForڒceivablesս ڒadjustmentڒvalueڒtheڒandڒclassesڒriskڒintoڒdividedڒare ratesڒareڒappliedڒbasedڒonڒhistoricalڒdefaultsսڒFutureՒ ڒtheڒinڒroleڒsubordinateڒaڒonlyڒplayڒassumptionsڒoriented valuationڒdueڒtoڒtheڒshortՒtermڒnatureڒofڒtheڒreceivaՒ ڒportfolioսڒbles

ڒaڒassetsռڒleasedڒtheڒofڒvaluesڒresidualڒfromڒrisksڒFor ڒadjustmentڒvalueڒaڒofڒformڒtheڒinڒmadeڒisڒprovisionڒrisk ڒriskڒTheڒdateսڒreportingڒtheڒatڒasڒassetsڒleasedڒtheڒon ڒtheڒbetweenڒdifferenceڒtheڒfromڒcalculatedڒisڒprovision ڒtheڒandڒcalculationڒleaseڒinitialڒtheڒfromڒvalueڒresidual ڒtheڒonڒleaseڒtheڒofڒendڒtheڒatڒexpectedڒvaluesڒresidual ڒMobilityڒAllaneڒtheڒwhichڒdateռڒreportingڒrespective ڒTheڒproviderսڒmarketڒexternalڒanڒfromڒreceivesڒGroup

ڒproviderڒmarketڒexternalڒtheڒofڒforecastsڒvalueڒresidual ڒcomparedڒrevenuesڒadditionalڒhistoricalڒbyڒadjustedڒare ڒofڒproviderڒmarketڒexternalڒtheڒofڒvaluesڒresidualڒtheڒto theڒAllaneڒMobilityڒGroupڒasڒwellڒasڒmarketingڒexՒ ڒGroupսڒMobilityڒAllaneڒtheڒofڒpenses

TheڒAllaneڒMobilityڒGroupڒrecognisesڒprovisionsڒforڒleՒ ڒnotսڒthanڒlikelyڒmoreڒisڒburdenڒfinancialڒaڒifڒdisputesڒgal ڒwellڒasڒcostsڒsettlementڒandڒjudgementڒexpectedڒThe asڒotherڒlegalڒcostsڒareڒestimatedڒonڒtheڒbasisڒofڒexpeՒ ڒrienceս

ڒfinancialڒtheڒinڒadjustmentsڒvalueڒandڒDepreciations ڒlevelսڒappropriateڒanڒatڒmadeڒbeenڒhaveڒstatements

ԣօԣ Internalڒcontrolڒandڒriskڒmanagementڒ ڒԼdisclosuresڒaccountingڒԼGroupԽڒforڒsystem ڒԼԥԽڒԦԤԢڒԼԥԽքڒԪԩԣڒsectionsڒwithڒaccordanceڒin ڒCodeԽڒCommercialڒGermanڒՔڒHGBڒtheڒof

ڒforڒsystemڒmanagementڒriskڒandڒcontrolڒinternalڒThe theڒGroupիsڒandڒtheڒCompanyիsڒaccountingڒcontainsڒorՒ ڒtoڒrequirementsڒtechnicalڒandڒprovisionsڒganisational manageڒtheڒriskڒassociatedڒwithڒaccountingսڒKeyڒeleՒ ڒofڒseparationڒappropriateڒandڒclearڒtheڒareڒhereڒments functionsڒwithڒregardڒtoڒtheڒManagingڒBoardڒandڒleadՒ ڒcontrolڒmanagementڒincludingڒresponsibilitiesڒership processesռڒtheڒcentralڒaccountingڒandڒreportingڒorganiՒ ڒtechnicalڒtheڒcompaniesռڒconsolidatedڒallڒforڒsation ڒprocessڒmanualsռڒguidelinesռڒinڒcontainedڒstipulations ڒrecordingڒtheڒprinciplesռڒGroupՒwideڒandڒdescriptions ڒeyesڒխfourڒsoՒcalledڒtheڒwithڒtransactionsڒbusinessڒof ڒqualityڒofڒimplementationڒtheڒruleԽռڒmanڒԼtwoڒprincipleխ ڒtheڒbyڒchecksڒeffectivenessڒandڒprocessesڒassurance ڒproceduresڒauditڒexternalڒandڒfunctionڒauditڒinternal ڒmeasuresռڒsecurityڒsystemsՒbasedڒconsultingռڒand ڒwithڒcomparisonsڒregularڒandڒmeasuresڒcontrolڒmanual ڒofڒformڒtheڒtakingڒprocessesڒcontrollingڒandڒplanning targetڒtoڒactualڒcomparisonsڒandڒanalysesڒofڒdeviaՒ tionsսڒToڒguaranteeڒtheڒsafetyڒofڒdataڒtheڒaccountingՒ ڒaccessڒandڒrestrictionsڒaccessڒhaveڒsystemsڒrelated ڒandڒinstructionڒappropriateڒreceiveڒEmployeesڒrulesս ڒdataڒasڒwellڒasڒsecurityڒinformationڒonڒtrainingڒregular ڒڒregulationsսڒandڒrulesڒprotection

ڒfinancialڒannualڒtheڒexaminesڒBoardڒSupervisoryڒThe ڒstatementsڒfinancialڒconsolidatedڒtheڒandڒstatements ڒGroupիsڒtheڒonڒreportڒmanagementڒtheڒwithڒtogether ڒDependentڒtheڒasڒwellڒasڒsituationڒCompanyիsڒtheڒand companyڒreportڒandڒdiscussesڒtheseڒwithڒtheڒManagՒ ڒauditorsսڒtheڒandڒBoardڒing

Ԥօ Riskڒidentificationڒ

InڒadditionڒtoڒtheڒmonitoringڒofڒrisksڒinڒtheڒplanningռڒreՒ ڒwhichڒsystemsڒwarningڒearlyڒandڒcontrollingڒportingռ areڒestablishedռڒasڒpartڒofڒriskڒcontrolڒprocessesռڒperՒ ڒdocumentڒunitsڒorganisationalڒtheڒwithinڒchargeڒinڒsons ڒandڒbusinessՒrelevantڒallڒՔڒinventoryڒriskڒaڒofڒpartڒasڒՔ significantڒrisksڒthroughoutڒtheڒGroupڒonڒaڒregularڒbaՒ ڒresponsibleڒtheڒbyڒmadeڒestimatesڒtheڒendڒthisڒToڒsisս ڒanalysedڒareڒinformationڒrelevantڒotherڒandڒmanagers andڒaggregatedսڒRelevantڒchangesڒinڒtheڒriskڒassessՒ mentڒandڒnewڒrisksڒareڒcommunicatedڒtoڒtheڒmanageՒ ڒtheڒofڒframeworkڒtheڒwithinڒimmediatelyڒment ڒresultսڒinventoryڒriskڒtheڒofڒpresentation

TheڒidentifiedڒindividualڒrisksڒareڒcategorisedڒintoڒdifՒ ڒtheirڒbyڒtypesڒriskڒintoڒdefinedڒandڒlevelsڒlossڒferent ڒinڒlevelڒlossڒpotentialڒtheڒandڒoccurrenceڒofڒprobability ڒunitڒcontrollingڒriskڒcentralڒTheڒoccurrenceսڒofڒcaseڒthe ڒtheseڒagglomeratesڒthenڒGroupڒMobilityڒAllaneڒtheڒof decentralisedڒregisteredڒindividualڒrisksڒandڒtheڒidentiՒ fiedڒindividualڒrisksڒareڒassessedڒaccordingڒtoڒtheirڒmaՒ ڒinventoryռڒriskڒtheڒforڒbasisڒtheڒformsڒThisڒterialityս ڒtheڒtoڒsystemڒreportingڒtheڒofڒpartڒintegralڒisڒwhich ڒڒSEսڒAllaneڒofڒBoardڒSupervisoryڒandڒManaging

ڒmanagementڒriskڒmonitorsڒregularlyڒauditڒinternalڒThe ڒtheڒtoڒdirectlyڒreportsڒandڒmandateڒauditڒitsڒofڒpartڒas ڒڒSEսڒAllaneڒofڒBoardڒManaging

ڒtheڒofڒoverviewڒaggregateڒanڒprovidesڒfollowingڒThe ڒfactorsսڒriskڒmaterial

ԤօԢ Counterpartyڒdefaultڒriskڒ

ڒfleetڒandڒlesseesڒifڒarisesڒriskڒdefaultڒcounterpartyڒThe managementڒclientsڒdoڒnotڒmeetڒtheirڒpaymentڒobligaՒ ڒifڒorڒpartlyڒonlyڒorڒcontractڒtheڒofڒtermڒtheڒduringڒtions ڒagreementsڒbuybackڒtheirڒfulfilڒcannotڒsuppliersڒvehicle ڒThisڒdefaultsսڒpaymentڒinڒresultingڒSEռڒAllaneڒtowards counterpartyڒdefaultڒriskڒinڒcustomerڒbusinessڒgenerՒ allyڒincreasesڒwithڒaڒdeteriorationڒinڒtheڒeconomicڒsituՒ ڒbyڒdefaultsڒpaymentڒincreasedڒinڒresultingڒationռ ڒvehicleڒaڒorڒcustomersڒmanagementڒfleetڒandڒleasing ڒobligationսڒbuybackڒaڒtoڒsubjectڒsupplier

ڒrisksڒtheڒidentifiesڒmanagementڒcreditڒestablishedڒThe ڒfleetڒorڒleasingڒtheڒofڒreceiptڒonڒdefaultڒcounterpartyڒof ڒoverallڒanڒupڒsettingڒWhenڒagreementսڒmanagement ڒandڒcustomersڒwithڒcontractsڒleasingڒforڒframework ڒandڒmanufacturersڒwithڒagreementsڒbuybackڒvehicle ڒtheseڒՔڒexceededڒareڒthresholdsڒcertainڒwhenڒdealersռ areڒusuallyڒtheڒamountڒofڒtheڒpresentڒvalueڒofڒtheڒleasՒ ڒrepurchaseڒvehicleڒofڒcaseڒtheڒinڒorռڒcontractsڒing agreementsռڒtheڒsumڒofڒthoseڒagreedڒwithڒtheڒrespecՒ tiveڒcreditڒunionڒbuybackڒpricesڒՔڒtheڒapprovalڒorڒinforՒ ڒisڒrespectivelyռڒbodiesռڒandڒboardsڒcertainڒofڒmation ڒcompetencesսڒofڒorderڒgivenڒtheڒtoڒaccordingڒrequired ڒmanagementڒfleetڒofڒconclusionڒtheڒtoڒpriorڒLikewiseռ ڒmarginsڒandڒrisksڒresultingڒtheڒcontractsռڒleasingڒand ڒdecisionڒrelevantڒtheڒforڒpreparedڒandڒidentifiedڒare ڒtheڒofڒconclusionڒtheڒofڒapprovalڒtheirڒtoڒpriorڒmakers contractսڒInڒtheڒcaseڒofڒlargerڒcommitmentsռڒtheڒManՒ agingڒBoardڒalsoڒinformsڒtheڒSupervisoryڒBoardڒifڒcerՒ ڒbuybackڒvehicleڒandڒleasingڒforڒvaluesڒthresholdڒtain ڒexceededսڒareڒagreements

TheڒcounterpartyڒdefaultڒrisksڒareڒmonitoredڒonڒaڒreguՒ ڒaڒisڒthereڒadditionռڒInڒmanagedսڒactivelyڒandڒbasisڒlar ڒtheڒinڒcreditworthinessڒcustomerիsڒtheڒofڒreviewڒregular ڒorڒleaseڒtheڒofڒtermڒtheڒduringڒbusinessڒcustomerڒfleet ڒgeneralڒapprovedڒTheڒcontractսڒmanagementڒfleet ڒandڒprolongationڒregularڒtoڒsubjectڒareڒframeworks creditڒassessmentڒprocessesڒinڒkeepingڒwithڒtheڒcomՒ ڒstructureսڒpetency

AlsoռڒwhenڒselectingڒcarڒsuppliersռڒwhichڒprovideڒbuyՒ ڒAllaneڒtheڒGroupռڒMobilityڒAllaneڒtoڒcommitmentsڒback ڒtheirڒonڒemphasisڒgreatڒplacesڒthereforeڒGroupڒMobility economicڒstabilityսڒAsڒwithڒleasingڒandڒfleetڒmanageՒ mentڒcustomersռڒvehicleڒsuppliersڒareڒsubjectڒtoڒreguՒ ڒڒchecksսڒcreditڒstrictڒlar

ڒtoڒrelationshipڒtheڒinڒchangesڒnegativeڒanyڒresultռڒaڒAs leasingڒandڒfleetڒmanagementڒcustomersڒasڒwellڒasڒveՒ ڒearlyռڒandڒimmediatelyڒidentifiedڒbeڒcanڒsuppliersڒhicle ڒtakenڒbeڒcanڒcountermeasuresڒappropriateڒtheڒand ڒlevelsڒhigherڒwithڒCommitmentsڒnecessaryսڒifڒpromptly ڒregularlyڒmonitoredڒareڒrisksڒdefaultڒpotentialڒorڒriskڒof ڒmanagementսڒreceivablesڒtheڒby

ڒthatڒrisksڒtoڒriseڒgiveڒmayڒriskڒdefaultڒCounterparty ڒSEڒAllaneڒofڒprofileڒriskڒtheڒaffectڒadՒadverselyڒmay dueڒtoڒconcentrationsڒofڒsimilarڒandڒdissimilarڒriskڒfacՒ ڒariseڒcanڒconcentrationsڒportfolioՒspecificڒHereռڒtorsս ڒsectorsսڒindividualڒforڒandڒcustomersڒindividualڒforڒboth ڒhasڒCompanyڒtheڒconcentrationsռڒriskڒavoidڒtoڒorderڒIn

ڒtoڒableڒbeڒtoڒmeasuresڒmonitoringڒriskڒsuitableڒupڒset identifyڒanyڒconcentrationsڒinڒrelationڒtoڒindividualڒcusՒ ڒstageսڒearlyڒanڒatڒsectorsڒorڒtomers

Ԥօԣ Marketڒpriceڒriskڒ

ڒlossڒaڒofڒdangerڒtheڒdescribesڒriskڒpriceڒmarketڒThe ڒisڒitڒSEڒAllaneڒForڒpricesսڒmarketڒtoڒchangesڒbyڒcaused ڒwellڒasڒvehiclesڒleasingڒofڒvaluesڒresidualڒtheڒespecially ڒtheڒtoڒsubjectڒareڒthatڒratesڒinterestڒrefinancingڒtheڒas ڒriskսڒpriceڒmarket

ԤօԣօԢ Residualڒvalueڒriskڒ

ResidualڒvalueڒrisksڒresultڒfromڒtheڒmarketingڒofڒvehiՒ ڒinڒpointڒthisڒatڒifڒcontractռڒleasingڒtheڒofڒendڒtheڒatڒcles ڒbelowڒisڒachievedڒbeڒcanڒwhichڒpriceڒsellingڒtheڒtime ڒtheڒofڒbeginningڒtheڒatڒvalueڒresidualڒcalculatedڒthe contractսڒToڒcounteractڒtheڒrisksڒinvolvedڒinڒtheڒdisՒ ڒtheڒunitռڒbusinessڒLeasingڒtheڒwithinڒvehiclesڒofڒposal residualڒvaluesڒofڒtheڒvehiclesڒincludedڒinڒtheڒcalculaՒ tionڒofڒtheڒleasingڒcontractڒareڒcoveredڒpartlyڒbyڒbuyՒ ڒmanufacturersڒorڒdealersڒwithڒagreementsڒback dependingڒonڒmarketڒconditionsսڒThisڒappliesڒinڒparticՒ ڒLeasingڒFleetڒtheڒinڒvehiclesڒofڒpartڒvisibleڒaڒtoڒular ڒbyڒcoveredڒareڒwhichڒofڒvaluesڒresidualڒtheڒbusinessռ ڒtheڒonڒռ2021ڒDecemberڒ1ԓڒofڒAsڒagreementsսڒbuyback basisڒofڒtheڒleaseڒassetsڒandڒinventoriesڒasڒwellڒasڒorՒ dersռڒapproximatelyڒ1ԚٝڒԼ2020րڒ2ԗٝԽڒofڒtheڒexistingڒreՒ ڒbyڒcoveredڒwereڒSEڒAllaneڒofڒvolumeڒvalueڒsidual ڒagreementsսڒbuyback

EspeciallyڒwhenڒitڒcomesڒtoڒtheڒmarketingڒofڒusedڒleasՒ ingڒvehiclesռڒtheڒAllaneڒMobilityڒGroupڒisڒalsoڒdependՒ ڒmarketռڒusedՒcarڒtheڒonڒdevelopmentsڒonڒent particularlyڒinڒGermanyսڒTheڒvehiclesڒtoڒbeڒdirectlyڒdisՒ ڒusedՒcarڒtheڒonڒGroupڒMobilityڒAllaneڒtheڒbyڒposed ڒareڒwhichڒtestsռڒvaluationڒregularڒundergoڒmarket ڒofڒmonitoringڒandڒexperienceڒownڒGroupխsڒtheڒonڒbased ڒڒmarketսڒthe

ڒaڒviaڒexecutedڒisڒvehiclesڒtheseڒofڒremarketingڒThe ڒaڒunderڒsoldڒnotڒareڒthatڒVehiclesڒprocessսڒmultistage ڒtheڒorڒdealerڒmanufacturerռڒaڒtoڒagreementڒbuyback ڒgenerallyڒareڒcontractռڒleasingڒtheirڒofڒendڒtheڒatڒlessee ڒregisteredڒtoڒplatformڒauctionڒonlineڒanڒviaڒoffered ڒAllaneڒperiodڒauctionڒanڒofڒendڒtheڒafterڒIfڒdealersս ڒspecificڒaڒthatڒexperiencesڒsalesڒownڒitsڒfromڒreckons ڒofferڒhighestڒtheڒaboveڒpriceڒaڒachieveڒcouldڒvehicle ڒvehicleڒusedڒtheڒonڒofferedڒwasڒitڒifڒauctionڒtheڒfrom ڒbeڒwillڒvehicleڒthisڒitselfռڒbyڒoperatedڒstations

ڒtheڒunderڒOperatingڒstationsսڒtheseڒtoڒtransferred brandڒnameڒխAutohaus2ԔխڒatڒthreeڒsitesڒacrossڒGerՒ ڒresponsibleڒareڒexpertsڒsalesڒownڒCompanyիsڒtheڒmanyռ ڒseveralڒInڒcustomersսڒendڒtoڒvehiclesڒtheڒmarketingڒfor ڒtoڒoverڒhandedڒdirectlyڒalsoڒareڒreturnsڒleasingڒcasesռ oneڒofڒtheڒAutohaus2Ԕڒstationsڒforڒremarketingսڒ

TheڒManagingڒBoardڒisڒcloselyڒmonitoringڒdevelopՒ mentsڒinڒtheڒcontextڒofڒincreasingڒregistrationsڒofڒvehiՒ ڒtoڒcomparedڒtechnologiesڒdriveڒinnovativeڒwithڒcles ڒDecemberڒ1ԓڒatڒAsڒenginesսڒcombustionڒconventional ڒtechnologiesڒdriveڒhybridڒorڒelectricڒwithڒvehiclesڒռ2021 accountedڒforڒԘսԙٝڒԼ2020րڒԓսԕٝԽڒofڒtheڒtotalڒnumberڒofڒ ڒForڒportfolioսڒGroupխsڒMobilityڒAllaneڒtheڒinڒvehicles ڒMobilityڒAllaneڒtheڒinڒvehiclesڒaffectedڒtheڒofڒsome ڒagreementsڒbuyՒbackڒnoڒareڒthereڒportfolioռڒGroupխs ڒalsoڒisڒmanagementڒTheڒmanufacturersսڒorڒdealersڒwith observingڒtheڒgeneralڒpoliticalڒdiscussionڒonڒnewڒemisՒ sionڒrequirementsڒinڒaccordanceڒwithڒtheڒEuroՒԘڒstandՒ ڒforڒmeasuresڒsubsidyڒgovernmentڒasڒwellڒasڒard ڒonڒimpactڒtheirڒandڒtechnologyڒdriveڒhybridڒorڒelectric ڒdriveڒnewڒofڒintroductionڒtheڒtoڒDueڒbusinessսڒfuture ڒuncertaintyڒforڒpotentialڒhigherڒaڒisڒthereڒtechnologiesռ inڒtheڒdeterminationڒofڒresidualڒvehicleڒvaluesսڒInڒconՒ ڒEuroՒԘڒtheڒaboutڒdiscussionڒongoingڒtheڒwithڒnection ڒexposedڒbeڒcouldڒGroupڒMobilityڒAllaneڒtheڒstandardռ toڒanڒincreasedڒresidualڒvalueڒriskڒandڒlowerڒthanڒexՒ ڒfutureսڒtheڒinڒrevenuesڒsalesڒpected

Ԥօԣօԣ Interestڒrateڒriskڒڒ

ڒtoڒdueڒlossesڒpotentialڒcompriseڒrisksڒrateڒInterest ڒwhenڒariseڒcanڒTheyڒratesսڒinterestڒmarketڒinڒchanges ڒliabilityڒandڒassetڒtheڒbetweenڒperiodsڒfixedՒinterest ڒvariableڒAڒcongruentսڒnotڒareڒsheetڒbalanceڒtheڒofڒsides ڒtoڒleadڒalsoڒcanڒinstrumentsڒfinancingڒforڒrateڒinterest ڒchangesսڒmarketڒofڒeventڒtheڒinڒriskڒrateڒinterestڒan

ڒobtainingڒofڒgoalڒtheڒpursuesڒGroupڒMobilityڒAllaneڒThe refinancingڒfundsڒwithڒlargelyڒmatchingڒmaturitiesڒinڒorՒ ڒoccasionallyڒwillڒandڒmismatchesڒmaturityڒavoidڒtoڒder ڒinterestڒagainstڒhedgeڒtoڒcontractsڒderivativeڒintoڒenter ڒthatڒgivenڒbeڒcanڒguaranteeڒnoڒHoweverռڒrisksսڒrate ڒbeڒwillڒlossesڒthatڒorڒeffectiveڒfullyڒbeڒwillڒhedgingڒsuch ڒavoidedսڒcompletely

ڒcouldڒinstrumentsڒrefinancingڒforڒratesڒinterestڒRising ڒnegativeڒaڒhaveڒandڒcostsڒrefinancingڒhigherڒinڒresult ڒڒearningsսڒonڒimpact

ԤօԤ Liquidityڒriskڒ

TheڒliquidityڒriskڒisڒtheڒriskڒthatڒexistingڒfinancialڒreՒ ڒtheڒofڒfinancingڒtheڒserviceڒtoڒsufficientڒnotڒareڒserves GroupխsڒfinancialڒliabilitiesڒatڒmaturityսڒThroughڒitsڒfiՒ nancialڒplanningռڒtheڒAllaneڒMobilityڒGroupڒseeksڒtoڒenՒ ڒdueڒtheڒpayڒtoڒavailableڒisڒliquidityڒsufficientڒthatڒsure ڒconditionsսڒstressڒandڒnormalڒbothڒunderڒliabilities

ڒessentiallyڒisڒGroupڒMobilityڒAllaneڒtheڒofڒRefinancing ڒcashڒoperativeڒthroughڒselfՒfinancingڒonڒdependent ڒbanksڒfromڒfundsڒexternalڒborrowڒtoڒabilityڒtheڒorڒflows ڒtheڒinڒchangeڒtheڒtoڒDueڒmarketsսڒcapitalڒdebtڒtheڒonڒor ڒyearڒfinancialڒtheڒinڒimplementedڒstructureڒownership ڒrefinancingڒforڒstriveڒincreasinglyڒwillڒGroupڒtheڒռ2020 ڒfutureڒtheڒinڒGroupڒtheڒwithinڒmaturitiesڒmatchingڒwith inڒorderڒtoڒreduceڒpotentialڒuncertaintiesڒdueڒtoڒexterՒ ڒoptionsսڒfinancingڒdebtڒnal

FurthermoreռڒaڒrangeڒofڒassetՒbasedڒfinancingڒopporՒ tunitiesڒԼeսڒgսڒforfeitingڒorڒsecuritisationڒofڒleasingڒreՒ ڒTheڒGroupսڒMobilityڒAllaneڒtoڒavailableڒisڒceivablesԽ ڒtimeڒfirstڒtheڒforڒthisڒofڒuseڒmadeڒGroupڒMobilityڒAllane ڒsecuritiesڒbackedڒassetڒanڒsetՒupڒandڒԗ201ڒyearڒtheڒin ڒendڒtheڒuntilڒprolongatedڒwasڒwhichڒprogrammeռڒԼABSԽ fiՒڒtheڒuntilڒcontinuouslyڒamortisedڒbeڒwillڒandڒ2021ڒof nancialڒyearڒ202ԘսڒTheڒleasingڒandڒresidualڒvalueڒreՒ ڒareڒprogrammeڒABSڒtheڒintoڒsuppliedڒceivables ڒadditionalڒthroughڒtermsڒmatchingڒwithڒrefinanced swapڒtransactionsսڒNeverthelessռڒtheڒriskڒgenerallyڒreՒ ڒaڒhaveڒcouldڒcostsڒrefinancingڒinڒincreaseڒanڒthatڒmains ڒGroupڒtheڒthatڒandڒbasisڒcostڒtheڒonڒimpactڒsignificant ڒrefinancingڒhigherڒonڒpassڒtoڒableڒnotڒpotentiallyڒis ڒڒcustomersսڒitsڒtoڒcosts

Ԥօԥ Operationalڒrisksڒ

ڒcausedڒparticularlyڒlossڒaڒofڒriskڒtheڒisڒriskڒOperational ڒinadequateڒfailureռڒtechnologicalڒbehaviourռڒhumanڒby ڒRegulatoryռڒeventsսڒexternalڒbyڒorڒprocessesռڒfaultyڒor legalڒandڒtaxڒrelatedڒrisksڒareڒalsoڒincludedڒinڒthisڒdefiՒ ڒriskսڒoperationalڒofڒnition

TheڒAllaneڒMobilityڒGroupڒfollowsڒaڒdecentralizedڒapՒ ڒwithڒrisksռڒoperationalڒofڒmanagementڒtheڒtoڒproach speciallyڒtrainedڒcoordinatorsڒreceivingڒtheirڒnominaՒ tionڒfromڒtheڒindividualڒdepartmentsսڒTheڒRiskڒControlՒ ڒandڒmeasuringڒforڒresponsibleڒisڒdepartmentڒling ڒrisksսڒoperationalڒmonitoring

ڒoperationalڒtoڒexposedڒisڒGroupڒMobilityڒAllaneڒThe risksڒfromڒlegalڒdisputesսڒInڒparticularռڒthisڒincludesڒleՒ galڒdisputesڒarisingڒfromڒrevocationsڒofڒleasingڒconՒ ڒstandardڒtheڒrevocationsռڒpreventڒtoڒorderڒInڒtractsս ڒconditionsڒandڒtermsڒgeneralڒtheڒandڒcontractsڒleasing areڒreviewedڒonڒanڒongoingڒbasisսڒThereڒisڒaڒdepartՒ mentڒforڒtheڒprocessingռڒhandlingڒandڒmonitoringڒofڒapՒ ڒFurtherڒDivisionսڒLegalڒtheڒinڒlocatedڒisڒwhichڒpealsռ ڒtheڒinڒfoundڒbeڒcanڒrevocationsڒcurrentڒonڒinformation ڒLiabilitiesսڒ2ԕսڒitemڒunderڒreportڒeconomic

ڒbusinessڒGroupխsڒMobilityڒAllaneڒtheڒofڒsuccessڒThe dependsڒtoڒaڒhighڒdegreeڒonڒtheڒrecognitionڒandڒrepuՒ ڒdomainڒandڒtrademarksڒbrandsռڒSixtڒtheڒofڒtation ڒcompletedڒtheڒofڒresultڒaڒAsڒSEսڒSixtڒbyڒownedڒnames changeڒofڒownershipռڒtheڒAllaneڒMobilityڒGroupڒisڒentiՒ ڒforڒrightsڒusageڒdomainڒandڒbrandsڒSixtڒtheڒuseڒtoڒtled ڒpotentialڒcounteractڒtoڒorderڒInڒtimeսڒofڒperiodڒlimitedڒa ڒhasڒSEڒAllaneڒrisksռڒbusinessڒstrategicڒandڒreputational ڒtheڒprepareڒtoڒteamڒprojectڒinternalڒanڒestablished ڒtoڒandڒtimeframeڒappropriateڒanڒwithinڒchangeڒbrand ڒbrandڒintroducedڒnewlyڒtheڒofڒawarenessڒensure ڒڒmeasuresսڒmarketingڒsuitableڒthrough

ڒessentialڒisڒsystemڒITڒhighՒperformanceڒandڒcomplexڒA forڒtheڒimplementationڒofڒtheڒleasingڒandڒfleetڒmanageՒ ڒsystemڒsoftwareՒrelatedڒandڒHardwareڒbusinessսڒment ڒimpactڒsignificantڒaڒhaveڒcanڒfailuresڒsystemڒorڒfaults onڒoperationalڒprocessesڒandռڒasڒaڒworstՒcaseڒsceՒ narioռڒevenڒleadڒtoڒtheirڒtotalڒbreakdownսڒIfڒnewռڒreՒ ڒintroducedռڒisڒsoftwareڒsupplementaryڒorڒplacement ڒcreateڒcanڒsystemڒITڒtheڒofڒcomplexityڒofڒlevelڒhighڒthe increasedڒdemandsڒinڒtermsڒofڒcompatibilityڒwithڒexistՒ ingڒsystemsڒwhenڒitڒcomesڒtoڒensuringڒtheڒsmoothڒproՒ ڒڒoperationsսڒofڒgress

ڒalsoڒisڒthereڒrisksռڒoperationalڒinternalڒtheseڒAlongside theڒriskڒofڒtargetedڒexternalڒattacksڒfromڒcriminalsڒaimՒ ڒinventoryڒdataڒcorporateڒandڒinfrastructureڒITڒtheڒatڒing ڒrisksڒtheseڒaddressڒToڒetcսԽսڒattacksռڒDDoSڒԼHackingռ ڒownڒitsڒmaintainsڒGroupڒMobilityڒAllaneڒtheڒaccordinglyռ ڒsinceڒinfrastructureڒITڒandڒresourcesڒITڒdepartmentռڒIT ڒTheirڒprojectսڒcarveՒoutڒITڒtheڒofڒimplementationڒthe ڒcontinuousڒmaintenanceռڒmonitoringռڒpermanentڒisڒtask ڒsystemsսڒITڒGroupխsڒtheڒofڒprotectionڒandڒdevelopment InڒadditionռڒAllaneڒSEڒhasڒincreasedڒtheڒnumberڒofڒemՒ ڒyearڒtheڒinڒsecurityڒinformationڒofڒareaڒtheڒinڒployees ڒreviewսڒunder

ڒareڒemployeesڒitsڒofڒknowledgeڒandڒskillsڒpersonalڒThe ڒMobilityڒAllaneڒtheڒforڒfactorڒsuccessڒimportantڒan

ڒaڒandڒfluctuationڒofڒrateڒincreasedڒanڒisڒthereڒIfڒGroupս ڒonڒimpactڒcouldڒthisڒknowՒhowռڒofڒlossڒcorresponding serviceڒqualityڒinڒleasingڒorڒfleetڒmanagementڒoperaՒ ڒbyڒrisksڒtheseڒpreventsڒGroupڒMobilityڒAllaneڒTheڒtionsս ڒtrainingռڒadvancedڒandڒbasicڒtoڒcommitmentڒincreased ڒcultureڒcorporateڒinڒdevelopmentڒpersonnelڒanchoring ڒwhenڒFurthermoreռڒsystemsսڒincentiveڒofڒuseڒtheڒand ڒfillingڒonڒplacedڒisڒemphasisڒvacatedռڒareڒpositionsڒkey ڒemployeesսڒownڒourڒwithڒpositionsڒthese

ڒassociatedڒisڒGroupڒMobilityڒAllaneڒtheڒofڒbusinessڒThe ڒmostڒtheڒforڒisڒThisڒcontractsսڒdifferentڒofڒvarietyڒaڒwith ڒagreementsռڒstandardisedڒusingڒpossibleڒonlyڒpart whichڒhaveڒtoڒbeڒreflectedڒwithinڒtheڒoperationalڒmanՒ ڒorڒinaccuraciesڒwordingڒminorڒEvenڒsystemsսڒagement ڒcanڒframeworkڒcontractualڒorڒlegalڒtheڒinڒchanges ڒCompanyխsڒtheڒonڒimpactڒsignificantڒaڒhaveڒtherefore businessսڒTheڒAllaneڒMobilityڒGroupڒcounteractsڒtheڒreՒ ڒwithڒmanagementڒcontractڒofڒmeansڒbyڒrisksڒsulting theڒinvolvementڒofڒlegalڒexpertsڒandڒwideՒrangingڒsysՒ ڒڒcontrolsսڒtem

FurtherڒregulatoryռڒlegalڒandڒtaxڒrelatedڒrisksڒassociՒ ڒinstitutionڒserviceڒfinancialڒaڒofڒoperationڒtheڒwithڒated willڒbeڒmitigatedڒbyڒaڒcomplianceڒstructureڒinڒaccordՒ ڒandڒcontrolڒcorrespondingڒtheڒandڒMaRiskڒwithڒance preventionڒmechanismsսڒAnyڒregulatoryռڒlegalڒorڒtaxՒreՒ latedڒchangesڒareڒconstantlyڒmonitoredڒbyڒtheڒrespecՒ ڒtheڒtoڒcommunicatedڒSEռڒAllaneڒofڒdepartmentsڒtive ڒtimeڒonڒandڒpromptlyڒimplementedڒandڒmanagement ڒڒprojectsսڒofڒframeworkڒtheڒwithin

ڒoutsourcedڒtheڒtoڒrelatedڒprimarilyڒriskڒoutsourcingڒThe ڒoutsourcingڒcorrespondingڒofڒmeansڒByڒservicesսڒIT ڒrightsڒcontrolڒandڒauditڒenvisagedڒtheڒagreementsռ ڒoutڒcarriedڒwereڒunitڒoutsourcingڒrespectiveڒtheڒagainst ڒisڒwhichڒadministrationռڒITڒTheڒbasisսڒongoingڒanڒon ڒincorporatedڒbeڒtoڒisڒpresentռڒatڒoutsourcedڒstillڒpartly intoڒtheڒAllaneڒMobilityڒGroupڒinڒtheڒmiddleڒofڒtheڒcomՒ carveՒڒITڒongoingڒtheڒofڒpartڒasڒ2022ڒyearڒfinancialڒing ڒڒprojectսڒout

ԤօԦ InvestmentڒRiskڒ

AccordingڒtoڒAllaneڒSEռڒinvestmentڒriskڒisڒtheڒriskڒofڒunՒ ڒmarketڒtheڒinڒdeclineڒaڒfromڒresultingڒlossesڒexpected ڒamountսڒcarryingڒtheirڒbelowڒinvestmentsڒtheڒofڒvalue ڒtheڒinڒriskڒimpactڒearningsڒdirectڒaڒisڒthereڒadditionռڒIn ڒMobilityڒSixtڒinڒshareholdingڒ100ٝڒSEխsڒAllaneڒofڒcase ڒtransferڒlossڒandڒprofitڒaڒasڒGmbHռڒConsulting

ڒitsڒandڒSEڒAllaneڒbetweenڒexistedڒhasڒagreement shareholdingڒsinceڒtheڒ201ԕڒfinancialڒyearսڒLossesڒinՒ ڒaڒhaveڒwouldڒGmbHڒConsultingڒMobilityڒSixtڒbyڒcurred ڒSEսڒAllaneڒofڒsituationڒearningsڒtheڒonڒimpactڒdirect

TheڒriskڒmanagementڒandڒriskڒcontrollingڒsystemڒofڒAlՒ ڒtoڒoutsourcedڒlargelyڒisڒGmbHڒConsultingڒMobilityڒlane ڒagreementսڒoutsourcingڒexistingڒtheڒtoڒdueڒSEڒAllane TheڒriskڒmethodsڒandڒproceduresڒtoڒbeڒappliedڒatڒAlՒ ڒConsultingڒMobilityڒAllaneڒforڒusedڒalsoڒareڒSEڒlane ڒGmbHڒConsultingڒMobilityڒAllaneڒrespectռڒthisڒInڒGmbHս ڒriskڒandڒmanagementڒriskڒtheڒintoڒintegratedڒcloselyڒis ڒriskڒnegativeڒThusռڒSEսڒAllaneڒofڒprocessesڒmonitoring andڒearningsڒdevelopmentsڒatڒAllaneڒMobilityڒConsultՒ ingڒGmbHڒcanڒbeڒidentifiedڒatڒanڒearlyڒstageڒandڒsuitaՒ ڒinitiatedսڒbeڒcanڒcountermeasuresڒble

ԥօ Assessmentڒofڒtheڒoverallڒriskڒ ڒBoardڒManagingڒtheڒbyڒprofile

ڒcontrolڒinternalڒGroupՒwideڒaڒinstalledڒhasڒSEڒAllane andڒriskڒmanagementڒsystemڒforڒtheڒpurposeڒofڒproacՒ tiveڒidentificationڒandڒactiveڒmanagementڒofڒanyڒdevelՒ ڒtoڒleadڒcouldڒwhichڒstageڒearlyڒanڒatڒopments ڒexistenceڒcontinuedڒtheڒjeopardiseڒorڒlossesڒsignificant ڒGroupխsڒtheڒofڒpartڒAsڒGroupսڒtheڒorڒCompanyڒtheڒof ڒrisksڒidentifiedڒallڒsystemռڒmanagementڒriskڒestablished areڒregularlyڒdocumentedռڒreviewedռڒanalysedڒandڒevalՒ ڒpotentialڒandڒoccurrenceڒofڒprobabilityڒtheirڒforڒuated ڒBoardڒSupervisoryڒtheڒandڒBoardڒManagingڒTheڒimpactս ڒnecessaryڒtheڒthatڒsoڒresultsռڒtheڒaboutڒinformedڒare ڒڒarisesսڒneedڒtheڒifڒtakenڒbeڒcanڒcountermeasures

ڒAllaneڒtheڒownershipռڒinڒchangeڒtheڒofڒcourseڒtheڒIn MobilityڒGroupڒisڒalsoڒintegratedڒintoڒtheڒinternalڒconՒ trolڒandڒriskڒmanagementڒsystemڒofڒtheڒGermanڒSanՒ ڒtheڒparticularڒinڒensuresڒThisڒsubgroupսڒtander ڒcontrollingڒriskڒandڒmanagementڒriskڒtheڒofڒadequacy ڒprocessesս

ڒtheڒmeetڒtoڒobligatedڒareڒcompaniesڒleasingڒadditionռڒIn qualitativeڒrequirementsڒforڒaڒproperڒbusinessڒorganiՒ ڒBankingڒGermanڒtheڒofڒԕa2ڒsectionڒtoڒpursuantڒsation ActڒԼKWGԽռڒwhichڒareڒsubstantiatedڒbyڒtheڒminimumڒreՒ ڒfinancialڒandڒbanksڒofڒmanagementڒriskڒforڒquirements ڒleasingڒcontextռڒthisڒInڒԼMaRiskԽսڒinstitutionsڒservices ڒallڒatڒinvestedڒareڒtheyڒthatڒensureڒtoڒhaveڒcompanies ڒtheyڒriskڒtheڒshoulderڒtoڒfundsڒadequateڒwithڒtimes ڒcapacityԽսڒbearingڒriskڒofڒԼprincipleڒintoڒenteredڒhave ڒisڒstatementڒcapacityڒbearingڒriskڒcorrespondingڒThe ڒreportingڒriskڒquarterlyڒtheڒofڒcomponentڒkeyڒtherefore ڒtheڒstatementռڒthisڒtoڒAccordingڒSEսڒAllaneڒofڒsystem unexpectedڒlossڒfromڒthoseڒrisksڒdeemedڒtoڒbeڒmateՒ ڒavailableսڒamountڒcoverڒriskڒtheڒwithڒcomparedڒisڒrial RiskڒcapacityڒisڒgivenռڒifڒtheڒmaterialڒriskڒcanڒbeڒcontinՒ ڒAsڒamountսڒcoverڒriskڒcorrespondingڒaڒbyڒcoveredڒually ڒforڒpotentialڒriskڒaڒhasڒSEڒAllaneڒռ2021ڒDecemberڒ1ԓڒof ڒandڒvalueڒԼresidualڒpriceڒmarketڒdefaultռڒcounterparty ڒwellڒasڒriskڒoperationalڒandڒliquidityڒriskԽռڒrateڒinterest asڒequityڒinvestmentڒriskڒinڒtheڒamountڒofڒEURڒ1ԕ1ڒmilՒ ڒڒlionս

Theڒmaterialڒriskڒtypesڒareڒdistributedڒasڒatڒԓ1ڒDecemՒ ڒڒfollowsրڒasڒ2021ڒber

ڒtypeڒRisk	Riskڒshareڒinڒtotalڒrisk InڒEURڒmillion֮
Residualڒvalueڒriskڒ	Ԩ ԣօԤڒԾԩԥօԦՀ
Counterpartyڒdefaultڒriskڒ	ԥԦօԧڒԾԣԧօԥՀ
Operationalڒriskڒ	ԢԢօԨڒԾԢԡօԣՀ
Interestڒrateڒriskڒ	Ԧ օԣڒԾԤօԤՀ
Investmentڒriskڒ	ԣօԢڒԾԣօԢՀ
Liquidityڒriskڒ	ԡօԢڒԾԡօԣՀ
Otherڒrisksڒ	ԢԤօԨڒԾԢԣօԨՀ

ڒbracketsڒinڒshownڒareڒfiguresڒyearխsڒPreviousڒ֮

TheڒmainڒchangesڒcomparedڒtoڒtheڒpreviousڒyearխsڒreՒ ڒvalueڒresidualڒofڒtypesڒriskڒtheڒtoڒrelateڒdateڒporting ڒvalueڒresidualڒTheڒriskսڒdefaultڒcounterpartyڒandڒrisk ڒquantificationڒtheڒinڒchangeڒtheڒtoڒdueڒdeclinedڒrisk ڒexpectedڒtheڒwhichڒinڒyearռڒtheڒduringڒmethodology riskڒwasڒeliminatedսڒTheڒcounterpartyڒdefaultڒriskڒinՒ ڒdueڒdateڒreportingڒtheڒofڒasڒdisproportionatelyڒcreased ڒyearսڒtheڒofڒendڒtheڒatڒordersڒvehicleڒinڒincreaseڒtheڒto

ToڒdetermineڒtheڒresidualڒvalueڒriskռڒtheڒnegativeڒdeviՒ ationsڒbetweenڒtheڒassessedڒresidualڒvalueڒatڒtheڒbeՒ ڒvalueڒmarketڒexpectedڒtheڒandڒcontractڒtheڒofڒginning ڒtheڒafterڒvehicleڒtheڒofڒdateڒmarketingڒexpectedڒtheڒat ڒCounterpartyڒcomparedսڒareڒcontractڒleasingڒtheڒofڒend ڒapproachڒCVaRڒaڒusingڒquantifiedڒareڒrisksڒdefault basedڒonڒtheڒGordyڒmodelսڒOperationalڒriskڒisڒcalcuՒ ڒasڒapproachڒeconomicڒanڒbothڒofڒbasisڒtheڒonڒlated ڒTheڒapproachսڒindicatorڒbasicڒregulatoryڒtheڒasڒwell ڒtheڒinڒdecisiveڒisڒapproachesڒtwoڒtheseڒofڒvalueڒhigher ڒcalculationսڒcapacityڒriskՒbearingڒtheڒofڒconsideration ڒlossڒhistoricalڒaڒusingڒsimulatedڒareڒrisksڒrateڒInterest ڒtheڒsinceڒchangesڒrateڒinterestڒonڒbasedڒdistribution ڒinvestmentڒofڒquantificationڒTheڒyearսڒfinancialڒԙ200 riskڒisڒalsoڒcarriedڒoutڒonڒtheڒbasisڒofڒaڒscenarioڒcalcuՒ ڒaڒofڒbasisڒtheڒonڒdeterminedڒareڒrisksڒLiquidityڒlationս ڒmeasuredڒareڒrisksڒLiquidityڒdistributionսڒlossڒhistorical ڒtheڒcalculatesڒwhichڒvalueՒatՒriskռڒliquidityڒtheڒusing ڒAڒcostsսڒrefinancingڒinڒchangesڒofڒimpactڒmonetary lumpڒsumڒisڒformedڒforڒtheڒotherڒrelevantڒrisksսڒTheڒadՒ justmentsڒmadeڒduringڒtheڒyearڒinڒtheڒcontextڒofڒquanՒ ڒdirectڒandڒriskڒrateڒԼinterestڒrisksڒpriceڒmarketڒtifying ڒrisksڒoperationalڒandڒrisksڒliquidityڒriskԽռڒvalueڒresidual ڒmethodsսڒofڒadequacyڒGroupՒwideڒtheڒensureڒtoڒserve

ڒaccordingڒpotentialԽڒcoverageڒԼriskڒcapitalڒinternalڒThe ڒtoڒamountsڒapproachڒvalueڒassetڒnetڒtheڒto ڒtheڒofڒcoverageڒaڒinڒresultsڒThisڒmillionսڒ0ԓԕڒEUR

materialڒrisksڒofڒaroundڒ20ԚٝսڒDuringڒtheڒentireڒreportՒ ڒallڒatڒensuredڒwasڒcapacityڒriskՒbearingڒtheڒperiodռڒing ڒtypeڒriskڒtheڒatڒandڒlevelڒriskڒoverallڒtheڒatڒbothڒtimesռ ڒidentifiedսڒnotڒwereڒoverrunsڒLimitڒlevelս

InڒadditionڒtoڒtheڒpresentationڒofڒtheڒriskՒbearingڒcaՒ pacityڒcalculationռڒvariousڒriskڒappetiteڒmetricsڒareڒcalՒ ڒearningsڒsolvencyռڒofڒdimensionsڒtheڒdepictڒtoڒculated ڒnonՒfinancialڒandڒliquidityڒconcentrationsռڒvolatilityռ ڒInڒdetectionսڒriskڒearlyڒforڒusedڒareڒmetricsڒTheseڒrisksս ڒԔ2ڒofڒtotalڒtheڒofڒoverrunsڒlimitڒnoڒperiodռڒreportingڒthe ڒidentifiedսڒwereڒmetricsڒappetiteڒrisk

TheڒworldwideڒspreadڒofڒtheڒCoronavirusڒԼSARSՒCoVՒ 2ԽڒandڒtheڒCoronavirusڒdiseaseڒԼCOVIDՒ1ԚԽڒhaveڒaڒproՒ ڒandڒGermanyڒInڒimpactսڒeconomicڒandڒsocialڒfound manyڒEuropeanڒcountriesռڒlockdownsڒandڒinڒsomeڒEuroՒ peanڒcountriesڒevenڒcurfewsڒhaveڒbeenڒimposedڒtoڒfurՒ ڒtheڒofڒspreadڒtheڒdownڒslowڒleastڒatڒorڒcontainڒther ڒrepeatedlyڒisڒlifeڒPublicڒvariantsսڒvirusڒanyڒandڒvirus broughtڒtoڒaڒhaltսڒSomeڒindustriesڒsuchڒaڒnonՒfoodڒreՒ ڒoftenڒindustryڒhotelڒtheڒandڒrestaurantsڒtourismռڒtailersռ hadڒtoڒpartiallyڒorڒcompletelyڒshutڒdownڒtheirڒoperaՒ tionsսڒItڒisڒstillڒlikelyڒthatڒcompaniesխڒrevenuesڒandڒearnՒ ڒofڒrangeڒwideڒaڒacrossڒlevelڒlowڒaڒatڒremainڒwillڒings ڒInڒdisruptedսڒremainڒwillڒchainsڒsupplyڒthatڒandڒsectors conclusionռڒtheڒaffectedڒcompaniesڒreactedڒtoڒthisڒdeՒ ڒforڒapplyingڒaidռڒbridgingڒstateڒusingڒbyڒvelopment ڒoffڒlayingڒevenڒcasesڒindividualڒinڒandڒworkڒshortՒtime employeesսڒTheڒextentڒofڒtheڒconsequencesڒofڒtheڒconՒ tinuingڒrestrictionsڒareڒstillڒnotڒforeseeableڒinڒitsڒenՒ ڒtheڒthatڒrecognisableڒisڒItڒtimeսڒpresentڒtheڒatڒtirety ڒeconomicڒtheڒandڒpandemicڒtheڒrestrictڒtoڒmeasures ڒanڒhadڒhaveڒpandemicڒtheڒfromڒresultingڒconsequences impactڒonڒconsumerڒbehaviourڒandڒtheڒeconomicڒsituaՒ ڒhasڒSEڒAllaneڒparticularսڒinڒhouseholdsڒprivateڒofڒtion ڒaccountڒintoڒconsequencesڒresultingڒtheڒtakenڒalready ڒplanningսڒcapitalڒtheڒofڒscenariosڒadverseڒtheڒin

WithڒtheڒinternalڒcontrolڒandڒriskڒmanagementڒorganiՒ sationڒoutlinedڒaboveռڒtheڒAllaneڒMobilityڒGroupڒbeՒ ڒandڒmonitorڒtoڒpositionڒadequateڒanڒinڒbeڒtoڒlieves ڒtheڒofڒtheڒofڒviewڒinڒGroupڒMobilityڒAllaneڒtheڒcontrol ڒhasڒsituationڒriskڒCompanyխsڒTheڒcrisisսڒCoronaڒongoing beenڒveryڒstableڒandڒinconspicuousڒsinceڒtheڒbeginՒ ningڒofڒtheڒpandemicڒinڒMarchڒ2020սڒGivenڒtheڒcontinՒ ڒofڒlackڒtheڒandڒdevelopmentsڒcurrentڒofڒdynamicsڒued experienceڒofڒresearchڒandڒindustryڒwithڒsuchڒanڒexogՒ ڒworldwideռڒeconomiesڒandڒsocietiesڒforڒshockڒenous ڒintensifiedڒsignificantlyڒhasڒGroupڒMobilityڒAllaneڒthe

ڒandڒmeasuresڒcontrolڒandڒmonitoringڒwarningռڒearlyڒits ڒڒfrequencyսڒtheirڒincreased

ڒGroupڒMobilityڒAllaneڒtheڒmeasuresռڒtheseڒofڒpartڒAs hasڒincreasedڒtheڒfrequencyڒofڒmeetingsڒandڒtheڒintenՒ sityڒofڒtheڒworkڒoverseenڒbyڒtheڒinternalڒcreditڒcommitՒ ڒmonitoringڒofڒtopicsڒtheڒtoڒregardڒwithڒparticularlyڒteeռ ڒbuybackڒandڒcustomersڒitsڒofڒcreditworthinessڒthe ڒFurthermoreռڒmanagementսڒreceivablesڒandڒpartners ڒsectorsڒtheڒintegratedڒhasڒGroupڒMobilityڒAllaneڒthe ڒstronglyڒmoreڒpandemicڒtheڒbyڒaffectedڒparticularly intoڒitsڒriskڒmonitoringڒprocessesռڒexpandedڒtheڒriskڒinՒ ڒpandemicڒongoingڒtheڒofڒrisksڒtheڒincludeڒtoڒventory ڒexistingڒtheڒforڒassumptionsڒtheڒstrengthenedڒand ڒtestsսڒstressڒnewڒupڒsetڒorڒaccordinglyڒtestsڒstress ڒcurrentڒtheڒtoڒadjustedڒisڒappetiteڒriskڒtheڒMoreoverռ ڒsituationսڒrisk

ڒasڒ2020ڒspringڒinڒlockdownڒfirstڒtheڒofڒonsetڒtheڒWith ڒtheڒatڒrequirementڒofficeڒhomeڒreimposedڒtheڒasڒwell ڒactivitiesڒtheڒofڒmajorityڒtheڒyearռڒreportingڒtheڒofڒend ڒfromڒremotelyڒoutڒcarriedڒdulyڒwereڒperformedڒbeڒto theڒemployeesիڒhomeڒofficeսڒNoڒadjustmentsڒtoڒtheڒexՒ ڒimplementڒtoڒnecessaryڒwereڒmodelڒoperatingڒisting ڒfraudڒexternalڒofڒincidenceڒincreasedڒAnڒservicesսڒthe ڒobservedսڒnotڒwasڒoperationڒremoteڒduring

InڒorderڒtoڒmoreڒcloselyڒmonitorڒandڒcontrolڒtheڒstationՒ ڒMobilityڒAllaneڒtheڒparticularռڒinڒsalesڒcarڒusedڒary ڒmonitoringڒinventoryڒitsڒexpandedڒfurtherڒhasڒGroup ڒchannelsսڒsalesڒalternativeڒonڒfocusڒitsڒincreasedڒand ToڒsecureڒliquidityռڒtheڒAllaneڒMobilityڒGroupڒusesڒexՒ ڒGroupսڒtheڒfromڒrefinancingڒasڒwellڒasڒlinesڒcreditڒisting ڒliquidityڒmediumՒtermڒandڒshortՒڒtheڒofڒbasisڒtheڒOn ڒtheڒmonitorsڒcloselyڒGroupڒMobilityڒAllaneڒtheڒforecastռ ڒanyڒderivesڒandڒinstrumentsڒfinancingڒtheڒofڒutilisation ڒmeasuresսڒnecessary

ڒcustomerڒandڒcontractsڒlongՒtermڒtheڒtoڒallռڒaboveڒDueռ ڒandڒindustryڒofڒtermsڒinڒparticularڒinڒdiversificationռ ڒasڒcustomersԽռڒprivateڒtoڒcorporationsڒlargeڒԼfromڒsize wellڒasڒtheڒmarketڒopportunitiesռڒespeciallyڒinڒtheڒconՒ textڒofڒdigitisationڒandڒinnovationڒandڒtwoڒstrongڒpartՒ ڒMobilityڒAllaneڒtheڒstructureռڒownershipڒtheڒwithinڒners ڒriskڒtheڒasڒwellڒasڒriskڒoverallڒtheڒthatڒbelievesڒGroup profileڒofڒtheڒAllaneڒMobilityڒGroupڒwillڒbeڒnegativelyڒafՒ ڒlevelڒcomparableڒaڒatڒotherwiseڒbutڒtemporarilyռڒfected ڒbeenڒhaveڒrisksڒnoڒpresentڒAtڒyearսڒpreviousڒtheڒto identifiedռڒwhichռڒaloneڒorڒinڒtheirڒentiretyռڒcouldڒendanՒ ڒexistenceսڒcontinuedڒCompanyխsڒtheڒorڒGroupխsڒtheڒger

Ԧօ Opportunitiesڒreportڒ

ڒarisingڒpossibilitiesڒbeڒtoڒunderstoodڒareڒOpportunities fromڒeventsռڒdevelopmentsڒorڒactionsڒthatڒallowڒaڒcomՒ panyڒtoڒsecureڒandՎorڒoutperformڒtheڒscheduledڒtarՒ ڒtoڒresponsibilityڒfieldխsڒbusinessڒoperativeڒtheڒisڒItڒgetsս identifyڒandڒutiliseڒopportunitiesڒasڒpartڒofڒtheڒcorpoՒ ڒstrategyսڒrate

ڒcaseڒeachڒinڒareڒfollowingڒtheڒinڒtoڒreferredڒstudiesڒThe ڒopportunitiesڒtheڒtoڒrelevantڒstudiesڒrecentڒmostڒthe ڒItڒeffortսڒreasonableڒwithڒobtainedڒbeڒcanڒthatڒreport shouldڒbeڒnotedڒthatڒnoneڒofڒtheڒstudiesڒcontainڒaڒrefՒ ڒinڒwarڒcurrentڒtheڒofڒeffectsڒindirectڒorڒdirectڒtoڒerence ڒeffectsڒlongՒtermڒandڒshortՒڒtheڒprincipleռڒInڒUkraineս ڒcanڒGroupڒMobilityڒAllaneڒtheڒofڒopportunitiesڒtheڒon ڒpresentսڒatڒdeterminedڒreliablyڒbeڒhardly

ԦօԢ Marketڒopportunitiesڒ

ڒeconomicڒgeneralڒfromڒOpportunities ڒdevelopments

TheڒAllaneڒMobilityڒGroupڒisڒhighlyڒdependentڒonڒgenՒ ڒinڒparticularڒinڒandڒEuropeڒinڒconditionsڒeconomicڒeral ڒaڒinڒresultڒcanڒconditionsڒeconomicڒImprovingڒGermanyս higherڒcorporateڒinvestmentڒwillingnessڒforڒfleetڒvehiՒ clesڒandڒfleetڒmanagementڒservicesڒandڒstrongerڒinՒ ڒcommercialڒandڒprivateڒfromڒpropensityڒvestment ڒcouldڒturnڒinڒThisڒvehiclesսڒusedڒandڒnewڒforڒcustomers haveڒaڒpositiveڒeffectڒonڒtheڒdemandڒforڒoffersڒandڒserՒ ڒAllaneսڒbyڒprovidedڒvices

ڒGermanyսڒinڒprimarilyڒbusinessڒitsڒoperatesڒGroupڒThe GermanڒgrossڒdomesticڒproductionڒԼGDPԽڒgrewڒcontinՒ uouslyڒbeforeڒtheڒoutbreakڒofڒtheڒCOVIDՒ1Ԛڒpandemicڒ ڒڒvehiclesսڒnewڒforڒdemandڒaffectedڒand

ڒGermanڒtheڒofڒcalculationsڒpreliminaryڒtoڒAccording ڒbyڒincreasedڒGDPڒԼDestatisԽռڒOfficeڒStatisticalڒFederal 2սԙٝڒinڒ2021սڒAtڒtheڒsameڒtimeռڒtheڒnumberڒofڒnewڒveՒ ڒyearՒonՒyearڒ10ٝڒaroundڒbyڒdroppedڒregistrationsڒhicle toڒ2սԗڒmillionڒvehiclesڒaccordingڒtoڒtheڒGermanڒAssociՒ ationڒofڒtheڒCarڒIndustryڒԼVDAڒՔڒVerbandڒderڒAutomoՒ ڒtheڒforڒInstituteڒKielڒtheڒռ2022ڒForڒeսVսԽսڒbilindustrie WorldڒEconomyڒԼIfWԽڒexpectsڒaڒGDPڒgrowthڒofڒԔս0ٝսڒ ڒpassengerڒnewڒforڒdemandڒinvigorateڒcouldڒalsoڒThis ڒcarsս

ڒMobilityڒAllaneڒtheڒռ2022ڒyearڒfinancialڒforڒplansڒitsڒIn ڒanalystsխڒeconomicڒofڒaccountڒdueڒtakesڒGroup

ڒonڒreportڒtheڒasڒcycleռڒbusinessڒtheڒforڒassessments ڒshouldڒeconomyڒtheڒthatڒeventڒtheڒInڒoutlinesսڒoutlook developڒbetterڒthanڒtheseڒprojectionsռڒitڒcouldڒalsoڒreՒ ڒservicesڒandڒproductsڒtheڒforڒdemandڒstrongerڒinڒsult ڒGroupսڒMobilityڒAllaneڒtheڒbyڒoffered

ڒڒSources

ڒٝսԘ0ڒdownڒ2021ڒofڒquarterڒԔthڒtheڒinڒproductڒdomesticڒGrossڒDestatisռ ڒփ2022ڒJanuaryڒԙ2ڒquarterռڒpreviousڒtheڒon ڒփ2022ڒJanuaryڒԕڒdownռڒslowedڒrecoveryڒր2021ڒmarketڒcarڒGermanڒVDAռ ڒս2021ڒDecemberڒԙԗռڒNoսڒreportsڒeconomicڒKielڒIfWռ

ڒleasingڒpositiveڒaڒfromڒOpportunities ڒڒcycleڒbusiness

ڒsecondڒtheڒisڒmarketڒleasingڒGermanڒtheڒUKռڒtheڒAfter biggestڒinڒEuropeڒandڒhasڒsinceڒ201ԓڒbeenڒcharacterՒ ڒforڒinterruptedڒwasڒThisڒtrendսڒupwardڒstableڒaڒbyڒised ڒofڒAssociationڒGermanڒtheڒThusռڒր2020ڒinڒtimeڒfirstڒthe LeasingڒCompaniesڒԼBundesverbandڒDeutscherڒLeasՒ ingՒUnternehmenڒeսVսڒՔڒBDLԽڒrecordedڒaڒԚսԕٝڒyearՒonՒ ڒyearڒfirstڒtheڒinڒinvestmentsڒleaseڒnewڒinڒdeclineڒyear ofڒtheڒCOVIDՒ1Ԛڒpandemicսڒ

Inڒ2021ռڒtheڒleasingڒindustryڒrecordedڒgrowthڒinڒacquiՒ ڒԼinclսڒ2ٝڒandڒpurchaseԽڒhireڒԼexclսڒٝսԗ0ڒofڒvaluesڒsition ڒincreaseڒanڒexpectsڒBDLڒtheڒռ2022ڒForڒpurchaseԽսڒhire ڒpurchaseԽսڒhireڒԼinclսڒٝԘڒandڒԕڒbetweenڒof

TheڒGermanڒCouncilڒofڒEconomicڒExpertsڒԼSachՒ ڒderڒBegutachtungڒzurڒverständigenrat gesamtwirtschaftlichenڒEntwicklungԽڒforecastsڒanڒinՒ ڒ2022ڒforڒٝԗսԙڒofڒinvestmentڒequipmentڒinڒcrease Լ2021րڒԕս1ٝԽڒandڒattributesڒthisڒtoڒpositiveڒimpulsesڒ ڒڒeconomyսڒglobalڒtheڒofڒrecoveryڒexpectedڒtheڒfrom

AccordingڒtoڒAllaneխsڒassessmentռڒanڒeconomicڒrecovՒ ڒsentimentڒinvestmentڒonڒeffectڒpositiveڒaڒhaveڒcanڒery ڒbusinessսڒleasingڒtheڒonڒalsoڒthusڒand

ڒڒSources

• ڒaccessedڒbdlսleasingverbandսdeռڒEuropeռڒandڒGermanyڒinڒLeasingڒBDLռ ڒփ2021ڒDecemberڒԓڒon
• ڒ2021ڒJuneڒԙս1ڒփ2020ڒmarketڒLeasingڒGermanڒTheڒBDLռ

ڒռ2021ڒinڒindustryڒleasingڒtheڒinڒtrendڒbusinessڒtheڒforڒforecastڒFirstڒBDLռ ڒփ2022ڒJanuaryڒԗ2

GermanڒCouncilڒofڒEconomicڒExpertsռڒAnnualڒReportڒ2021Վ22ռڒ ڒս2021ڒDecember

ڒchangesڒmarketڒfromڒOpportunities ExpertsڒareڒagreedڒthatڒtheڒmobilityڒmarketڒandڒcusՒ ڒtheڒoverڒstronglyڒchangeڒtoڒcontinueڒwillڒneedsڒtomer ڒsuchڒbyڒexplainedڒoftenڒisڒshiftڒThisڒyearsսڒcoming trendsڒasڒusingڒinsteadڒofڒowningռڒflexibilisationռڒindiՒ vidualisationռڒcarڒsubscriptionռڒnewڒmobilityռڒurbanisaՒ ڒinterlinkingռڒdigitisationռڒdrivingռڒautonomousڒtionռ

ڒelectroՒmobilityڒpowertrainsռڒalternativeڒsustainabilityռ ڒasڒsuchڒtrendsռڒtheseڒofڒSomeڒfocusսڒcustomerڒand ڒinڒareڒelectroՒmobilityռڒandڒdigitisationڒflexibilisationռ ڒtheڒbyڒacceleratedڒbeڒtoڒgoingڒexpertsռڒofڒviewڒthe COVIDՒ1ԚڒpandemicսڒLeasingڒprovidersڒsuchڒasڒAllaneڒ ڒdevelopmentsڒfutureڒandڒcurrentڒfromڒbenefitڒcanڒSE ڒservicesսڒandڒproductsڒappropriateڒdevelopingڒby

ڒtheڒMcKinseyռڒconsultancyڒbusinessڒtheڒtoڒAccording aboveՒmentionedڒchangesڒcouldڒmeanڒforڒtheڒEuroՒ ڒEURڒofڒvolumeڒaڒreachڒcouldڒitڒthatڒmarketڒleasingڒpean ԓ1ڒtoڒԓԔڒbillionڒbyڒ202ԕڒԼ201ԚրڒEURڒ2ԕڒbillionԽսڒThisڒ ڒԔڒaroundڒofڒrateڒgrowthڒannualڒaverageڒanڒequalڒwould toڒԕٝռڒorڒaڒtotalڒgainڒofڒ2Ԕڒtoڒԓԗٝսڒڒ

AccordingڒtoڒDataforceռڒvehicleڒleasingڒisڒժindispensaՒ ڒallڒofڒٝԕԚսԙڒasڒGermanyڒinڒfleetsڒcommercialڒforڒbleի ڒofڒviewڒtheڒInڒleasedսڒareڒGermanyڒinڒcarsڒpassenger theڒBDLռڒnumerousڒreasonsڒspeakڒforڒleasingڒforڒcomՒ paniesռڒasڒwellڒasڒforڒtheڒselfՒemployedڒandڒfreelancՒ ڒsecurityռڒplanningڒparticularռڒinڒincludeռڒTheseڒersս liquidityڒprotectionռڒtaxڒadvantagesڒandڒfavourableڒconՒ ditionsռڒasڒwellڒasڒmodernڒtechnologyڒandڒtheڒassociՒ atedڒhigherڒenvironmentalڒfriendlinessս

ڒprivateڒtheڒinڒestablishedڒbecomeڒalsoڒhasڒLeasing ڒTreuhandڒAutomobilڒDeutscheڒtheڒtoڒAccordingڒsectorս ڒprivateڒbyڒpurchasesڒcarڒnewڒforڒrateڒleasingڒtheڒԼDATԽռ perՒڒeightڒofڒincreaseڒanڒռ2020ڒinڒ22ٝڒwasڒcustomers ڒtheڒtoڒAccordingڒԙս201ڒtoڒcomparedڒpointsڒcentage ڒimportantڒmoreڒevenڒbecomeڒcouldڒleasingڒprivateڒDATռ ڒoffersڒleasingڒinterestingڒtoڒdueڒespeciallyڒfutureռڒtheڒin forڒeՒcarsռڒasڒthisڒformڒofڒuseڒwouldڒofferڒendڒconsumՒ ersڒtheڒadvantageڒofڒswitchingڒtoڒanڒeՒcarڒwithoutڒriskՒ ڒreasonsڒimportantڒmostڒTheڒvalueսڒinڒlossڒmajorڒaڒing forڒprivateڒnewڒcarڒleasesڒareڒtheڒժconvenientռڒcalculaՒ ڒbutڒownershipڒժnotڒtheڒvehicleիռڒtheڒusingڒofڒmannerڒble ڒofڒavoidanceڒpotentialڒtheڒandڒfactorڒusageիڒԼmerelyԽ ڒڒratesսڒinstalmentڒlowڒasڒwellڒasڒdepreciationڒvalue

ڒfromڒparticularڒinڒbenefitڒcanڒGroupڒMobilityڒAllaneڒThe theڒmarketڒchangeڒdescribedڒaboveڒwithڒitsڒleasingڒofՒ ڒenablesڒplatformڒonlineڒtheڒasڒsixtՒneuwagenսdeռڒonڒfer ڒconfigureڒtoڒthingsռڒotherڒamongڒcustomersռڒprivate ڒcarsսڒleasedڒorderڒdigitallyڒand

ڒSources

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ڒս2021ڒAugustڒ1ڒLeasingռڒandڒFinancingڒMonthրڒtheڒofڒTopicڒDATռ

ԕԚ ڒ2021ڒReportڒAnnual ڒgroupڒmobilityڒallane

Ԧօԣ Competitiveڒopportunitiesڒڒ

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ڒapproachڒmoverիڒժfirstڒfromڒGrowth

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ڒnewڒofڒproviderڒaڒasڒonڒearlyڒitselfڒpositionedڒAllane vehiclesڒonڒtheڒonlineڒmarketڒforڒprivateڒandڒcommerՒ ڒplatformڒonlineڒitsڒofڒlaunchڒtheڒwithڒcustomersڒcial ڒitsڒimprovedڒfurtherڒandڒ2012ڒinڒsixtՒneuwagenսde

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ڒSources

ڒփ2020ڒJanuaryڒReportռڒResultsڒՔڒLeasingڒPrivateڒVMFڒDataforceռ ڒփ2020ڒOctoberڒռ2020ڒSalesڒCarڒOnlineڒMHPռ ڒս2020ڒNovemberڒyetԶռڒFinanceڒAutoڒFutureڒtoڒSubscribedڒMcKinseyռ

ڒacquisitionsڒthroughڒgrowthڒAccelerated TheڒAllaneڒMobilityڒGroupڒpursuesڒtheڒobjectiveڒofڒdrivՒ ingڒforwardڒitsڒforeignڒexpansionڒprimarilyڒthroughڒorՒ ڒofڒpossibilityڒaڒalsoڒisڒthereڒadditionռڒInڒgrowthսڒganic ڒatڒacquisitionsڒthroughڒgrowthڒGroupխsڒtheڒaccelerating ڒleasingڒorڒprovidersڒotherڒofڒconditionsڒfavourable ڒreviewingڒpermanentlyڒisڒAllaneڒendռڒthisڒToڒportfoliosս relevantڒmarketڒopportunitiesսڒWhenڒexaminingڒpotenՒ tialڒtakeՒoverڒcandidatesռڒtheڒManagingڒBoardڒandڒSuՒ ڒearningsڒregardingڒcriteriaڒstrictڒapplyڒBoardڒpervisory ڒasڒwellڒasڒcultureڒenterpriseڒandڒprofileڒriskڒsituationռ ڒmodelսڒbusinessڒAllaneխsڒwithڒcompatibility

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ڒmidՒsizedڒparticularlyڒthatڒshowڒDataforceڒfromڒFigures inՒڒcontinuousڒaڒseenڒhaveڒvehiclesڒԔԚڒtoڒ10ڒwithڒfleet creaseڒinڒtheڒusageڒofڒserviceڒleasingڒagreementsսڒAcՒ ڒexclusivelyڒuseڒfleetsڒleasingڒtheseڒofڒٝԔԓڒcordinglyռ ڒlargeڒWithڒvehiclesսڒtheirڒforڒcontractsڒleasingڒservice leasingڒfleetsռڒthisڒshareڒgoesڒupڒtoڒԗ1ٝռڒwithڒworkՒ shopsڒԼԚԕٝԽڒandڒtyreڒservicesڒԼԕԗٝԽڒbeingڒutilizedڒ ڒfrequentlyսڒmost

ڒGroupڒMobilityڒAllaneڒtheڒbackgroundռڒthisڒAgainst ڒservicesڒcomplementaryڒofڒshareڒitsڒincreaseڒtoڒseeks ڒandڒstepڒbyڒstepڒcontractsڒbusinessڒfleetڒindividualڒin ڒisڒThisڒportfolioսڒcontractڒtheڒofڒprofitabilityڒtheڒraiseڒso doneڒbecauseڒtheڒquantityڒandڒqualityڒofڒservicesڒconՒ ڒWithڒmarketսڒthisڒonڒfeatureڒdifferentiatingڒkeyڒaڒstitute itsڒdecadesڒofڒknowՒhowڒandڒcloseڒnetworkڒofڒcooperՒ ڒgoodڒaڒinڒbeڒtoڒitselfڒconsidersڒAllaneڒpartnersռڒation ڒdemandڒtheڒinڒupturnڒgeneralڒaڒfromڒbenefitڒtoڒposition ڒservicesսڒfor

ڒtheڒwitnessingڒalsoڒisڒfieldڒbusinessڒRetailڒOnlineڒThe ڒcontractsڒserviceڒadditionalڒofڒimportanceڒincreasing ڒalmostڒDataforceռڒtoڒaccordingڒThusռڒcustomersսڒfor everyڒsecondڒprivateڒleasingڒagreementڒcontainsڒserՒ ڒtheseڒthatڒopinionڒtheڒofڒisڒMcKinseyڒcomponentsսڒvice ڒyearsսڒcomingڒtheڒoverڒsignificanceڒinڒgainڒwillڒservices

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ڒڒSources

ڒփ2021ڒAugustڒԚڒpamperedռڒbeڒtoڒlikeڒownersڒfleetڒGermanڒDataforceռ ڒbdlսleasingverbandսdeռڒleasingռڒwithڒmodelڒlatestڒtheڒdriveڒAlwaysڒBDLռ ڒփ2021ڒDecemberڒԘڒonڒaccessed ڒԔ2ڒdataforceսdeռڒռ2021ڒProcurementڒVehicleڒandڒLeasingڒDataforceռ ڒփ2021ڒNovember ڒڒփ2020ڒJanuaryڒReportռڒResultsڒՔڒLeasingڒPrivateڒVMFڒDataforceռ ڒս2020ڒNovemberڒyetԶռڒFinanceڒAutoڒFutureڒtoڒSubscribedڒMcKinseyռ

ڒcooperationڒandڒcampaignsڒMarketing ڒdriversڒgrowthڒasڒagreements

ڒmarketingڒusesڒAllaneڒfieldռڒbusinessڒRetailڒOnlineڒitsڒIn ڒtheڒofڒawarenessڒandڒnameڒtheڒraiseڒtoڒcampaigns onlineڒplatformsڒsixtՒneuwagenսdeڒandڒautohaus2Ԕսdeڒ andڒincreaseڒtheڒnumberڒofڒcontractsڒconcludedսڒMarՒ ڒaڒwithڒcooperationڒinڒbothڒheldڒbeڒcanڒeventsڒketing ڒtheڒusingڒindependentlyڒfullyڒorڒpartnerڒmarketing ڒNeuwagenիսڒժSixtڒnameڒbrand

Inڒ2021ռڒAllaneڒranڒpromotionsڒinڒwhichڒlimitedڒcontinՒ ڒwereڒdemandڒhighڒparticularlyڒinڒcarsڒnewڒofڒgents marketedڒtoڒprivateڒandڒcommercialڒcustomersڒatڒspeՒ ڒconditionsսڒcial

ڒremarketingڒthroughڒGrowth

ڒforڒopportunitiesڒsignificantڒholdsڒvehiclesڒRemarketing ڒtheڒonڒpositionڒleadingڒaڒattainڒtoڒprovidersڒleasing ڒgrownڒhasڒmarketڒthisڒGermanyռڒInڒmarketսڒvehicleڒused continuallyڒoverڒtheڒlastڒfewڒyearsսڒAccordingڒtoڒStaՒ ڒaڒbillionռڒԓսԔ10ڒEURڒtoڒamountedڒ2020ڒinڒrevenuesڒtistaռ ڒԙԚսԘڒԼEURڒyearڒpreviousڒtheڒoverڒٝԕ1ڒaroundڒofڒgain

ڒٝԘڒaroundڒofڒrateڒannualڒanڒatڒgrewڒVolumeڒbillionԽս andڒdoubledڒoverallڒsinceڒ200ԚڒԼEURڒԕ1սԘڒbillionԽսڒ

ڒcouldڒprovidersڒmanagementڒfleetڒandڒleasingڒFleet ڒtheڒalreadyڒareڒtheyڒasڒdevelopmentڒthisڒfromڒbenefit ڒaڒenjoyڒthereforeڒandڒEuropeڒwithinڒreՒsellersڒbiggest highڒdegreeڒofڒcustomerڒtrustսڒTheyڒareڒalsoڒableڒtoڒofՒ ڒrentalsڒandڒleasingڒpurchaseռڒonlyڒnotڒclientsڒtheirڒfer butڒalsoڒaڒwideڒnetworkڒofڒrepairڒandڒmaintenanceڒserՒ ڒtoڒchanceڒtheڒstandڒalsoڒprovidersڒtheڒMoreoverռڒvicesս maximiseڒtheڒreՒsaleڒvalueڒofڒtheirڒvehiclesڒbyڒmarketՒ ڒcountriesսڒnumerousڒacrossڒthemڒing

RemarketingڒvehiclesڒisڒanڒestablishedڒelementڒinڒAlՒ ڒviaڒconductedڒespeciallyڒisڒandڒmodelڒbusinessڒlaneխs theڒGroupՒownedڒonlineڒB2Bڒauctionڒplatformڒasڒwellڒ ڒgroupڒtheڒofڒpartڒAsڒstationsսڒcarڒusedڒlocalڒtheڒas ڒandڒmoreڒconnectڒtoڒstartedڒCompanyڒtheڒstrategyռ moreڒinternationalڒdealersڒtoڒtheڒplatformڒinڒ201ԙڒtoڒinՒ ڒoutsideڒvehiclesڒleasingڒusedڒofڒmarketingڒtheڒtensify GermanyڒandڒtherebyڒreduceڒdependenceڒonڒtheڒGerՒ ڒthisڒofڒaimڒoverridingڒTheڒmarketսڒvehicleڒusedڒman ڒGroupխsڒMobilityڒAllaneڒtheڒimproveڒtoڒwasڒmeasure ڒmanagementսڒriskڒproՒactiveڒthroughڒprofileڒriskՒreturn ڒinڒlocationsڒownڒitsڒofڒthreeڒoperatesڒcurrentlyڒAllane ڒڒvehiclesսڒofڒremarketingڒtheڒforڒGermany

ڒڒSources

ڒtoڒ2000ڒfromڒGermanyڒinڒMarketڒCarڒUsedڒtheڒonڒTurnoverڒStatistaռ ڒս2021ڒDecemberڒԙڒonڒaccessedڒstatistaսdeռڒռ2020

ԦօԤ Opportunitiesڒfromڒdigitalisationڒ

ڒservicesڒDigitalising

ڒgrowthڒtheڒforڒimportanceڒvitalڒofڒisڒdigitalisationڒThe ofڒAllaneռڒaboveڒallڒinڒtheڒOnlineڒRetailڒandڒFleetڒManՒ ڒonlineڒtheڒofڒlaunchڒtheڒWithڒfieldsսڒbusinessڒagement ڒintroductionڒtheڒandڒ2012ڒinڒsixtՒneuwagenսdeڒplatform ڒinڒprocessڒorderingڒdigitalڒfullyڒtheڒandڒoffersڒdigitalڒof ڒtheڒinڒmilestonesڒsignificantڒreachedڒhasڒAllaneڒռ2021 ڒCompanyڒtheڒadditionռڒInڒsalesսڒcarڒnewڒofڒdigitalisation hasڒbuiltڒupڒaڒportfolioڒofڒdigitalڒapplicationsڒforڒcomՒ ڒseesڒthusڒAllaneڒmanagersսڒfleetڒandڒdriversڒcarڒpany ڒareasսڒtheseڒinڒdevelopmentsڒfutureڒforڒpreparedڒitself

ڒasڒinternetڒtheڒofڒsignificanceڒIncreasing ڒchannelڒsalesڒandڒinformation

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customersڒtranslatesڒintoڒaڒmarketڒwithڒlittleڒtransparՒ ڒcompareڒtoڒhardڒareڒpricesڒandڒoptionsڒcarsռڒasڒencyռ ڒdigitalisationڒasڒsuchڒmegatrendsڒadditionռڒInڒsiteսڒon ڒincreasingڒanڒtoڒleadingڒareڒneedsڒmobilityڒnewڒand ڒtheڒThereforeռڒinternetսڒtheڒtoڒsalesڒautomobileڒofڒshift ڒsalesڒandڒinformationڒanڒasڒinternetڒtheڒofڒimportance ڒgrowingսڒisڒchannel

ڒandڒcarڒofڒbehaviourڒconsumerڒonڒsurveyڒMcKinseyڒA mobilityڒcustomersڒhasڒfoundڒthatڒԔԔٝڒofڒallڒconsumՒ ڒentirelyڒcarڒaڒorderingڒimagineڒcanڒEuropeڒinڒinڒers ڒvehicleڒnewڒofڒٝԙԘڒthanڒmoreڒDATռڒtoڒAccordingڒonlineս ڒtoڒpriorڒonlineڒthemselvesڒinformڒGermanyڒinڒbuyers ڒmoreڒpointsڒpercentageڒsevenڒռ2020ڒinڒpurchaseڒtheir thanڒinڒtheڒpreviousڒyearڒԼ2020րڒԙ0ٝԽսڒOfڒtheseڒpeopleռڒ ڒallڒofڒ10ٝڒOverallռڒportalsսڒvehicleڒnewڒvisitedڒalsoڒٝԗԙ ڒviaڒpurchaseڒcarڒtheirڒmadeڒbuyersڒvehicleڒnewڒprivate ڒportalսڒvehicleڒnewڒa

ThisڒchangeڒinڒuserڒbehaviourڒcanڒhaveڒaڒpositiveڒimՒ pactڒonڒAllaneڒSEխsڒbusinessڒmodelռڒasڒtheڒGroupڒoperՒ ڒandڒsixtՒneuwagenսdeڒplatformsռڒonlineڒtwoڒates autohaus2Ԕսdeռڒwhichڒareڒgearedڒtowardsڒtheseڒneedsսڒ

ڒSources ڒAugustڒԘ2ڒupռڒpickingڒisڒmobilityڒandڒagainռڒonڒisڒbuyingڒCarڒMcKinseyռ ڒփ2021 ڒս2021ڒFebruaryڒ10ڒռ2021ڒreportڒDATڒforڒreleaseڒPressڒDATռ

ڒserviceڒcustomerڒdigitalڒIndividual

ڒfoundڒCapgeminiڒconsultancyڒbusinessڒtheڒbyڒstudyڒA ڒdeterminedڒmuchڒveryڒbeڒwillڒmobilityڒofڒfutureڒtheڒthat ڒgroupڒgenerationalڒThisڒZսڒGenerationڒsoՒcalledڒtheڒby wasڒbornڒbetweenڒ1ԚԚԕڒandڒ201ԕռڒhasڒaڒveryڒstrongڒafՒ finityڒtoڒtechnologyڒandڒisڒveryڒdemandingսڒThusռڒGenՒ ڒserviceڒmobilityڒexpectingڒonlyڒnotڒisڒZڒeration ڒsolutionsڒflexibleڒandڒsimpleڒthemڒofferڒtoڒproviders plusڒconstantڒavailabilityռڒbutڒalsoڒpersonalisedڒserՒ vicesڒasڒwellڒasڒaڒժseamlessիڒonlineڒexperienceڒwithڒacՒ ڒofڒplatformڒonڒfromڒservicesڒandڒproductsڒallڒtoڒcess ڒchoosingսڒtheir

AccordingڒtoڒMHPռڒpersonalڒconsultancyڒservicesڒconՒ tinueڒtoڒplayڒvitalڒroleڒforڒcarڒcustomersսڒԕԗٝڒofڒcusՒ ڒprovidedڒadviceڒpersonalڒaccordedڒsurveyedڒtomers ڒtoڒժimportantիڒscoreڒtheڒpurchaseڒonlineڒtheirڒduring ժveryڒimportantիսڒYoungerڒsurveyڒparticipantsڒԼ1ԙڒtoڒԓԔڒ ڒbeڒtoڒservicesڒconsultancyڒpersonalڒsuchڒfoundڒyearsԽ significantlyڒmoreڒimportantڒatڒԕԚٝڒthanڒitڒwasڒforڒcusՒ tomersڒagedڒԓԕڒorڒolderڒԼԔԗٝԽսڒAtڒtheڒsameڒtimeռڒԗԔٝڒ ڒconsultancyڒtheڒthatڒopinionڒtheڒofڒareڒdealersڒcarڒof ڒonlineսڒprovidedڒbeڒalsoڒcanڒphase

TheڒAllaneڒMobilityڒGroupڒoffersڒitsڒcustomersڒindividՒ ڒworkshopڒtheڒasڒsuchڒservicesռڒcustomerڒdigitalڒual ڒCompanyڒtheڒadditionռڒInڒwebsiteսڒAllaneڒtheڒonڒsearch ڒbusinessڒitsڒinڒbothڒsurveysڒcustomerڒregularڒconducts ڒTheڒcustomersսڒcommercialڒwithڒasڒwellڒasڒprivateڒwith ڒsuitableڒderiveڒtoڒfindingsڒtheseڒtakesڒcompany ڒservicesսڒcustomerڒitsڒoptimisingڒforڒmeasures

ڒSources

ڒPowerhouseռڒMobilityڒtoڒProviderڒServicesڒFinancialڒFromڒCapgeminiռ ڒփ2020ڒSeptember ڒս2020ڒOctoberڒռ2020ڒSalesڒCarڒOnlineڒMHPռ

Ԧօԥ Opportunitiesڒfromڒinnovationsڒ

ڒsolutionsڒmobileڒandڒonlineڒIndividualised ItڒisڒtheڒviewڒofڒAllaneڒthatڒdigitisationڒwillڒexpandڒcusՒ ڒLeasingڒFleetڒfieldsսڒbusinessڒallڒacrossڒsolutionsڒtomer ڒpersonalڒofڒtopڒonڒthatռڒseeڒwillڒManagementڒFleetڒand assistanceռڒcompaniesڒareڒattachingڒincreasingڒimՒ ڒandڒefficiencyڒautomationռڒasڒsuchڒaspectsڒtoڒportance processڒsafetyսڒInڒthisڒcontextռڒaڒtrendڒtowardsڒoutՒ ڒobservedռڒbeڒcanڒservicesڒmanagementڒfleetڒsourcing ڒandڒbusinessڒcoreڒtheirڒonڒfocusingڒareڒcompaniesڒas ڒisڒfleetڒtheirڒthatڒsureڒmakeڒtoڒwantڒtimeڒsameڒtheڒat ڒfieldռڒbusinessڒRetailڒOnlineڒtheڒForڒmanagedսڒoptimally theڒfocusڒwillڒincreasinglyڒbeڒonڒaspectsڒsuchڒasڒtransՒ ڒconvenienceսڒandڒindividualityڒparencyռ

ڒtheڒonڒemphasisڒgreatڒputsڒGroupڒMobilityڒAllaneڒThe ڒInڒservicesսڒmobileڒandڒonlineڒmodernڒofڒdevelopment theڒbusinessڒwithڒcorporateڒcustomersռڒleasingڒandڒadՒ ڒinڒespeciallyڒoptimizedڒbeڒtoڒareڒprocessesڒministration theڒformڒofڒreportingڒandڒappsսڒInڒitsڒbusinessڒwithڒpriՒ ڒprocessڒleasingڒtheڒcustomersռڒcommercialڒandڒvate ڒanڒofڒuseڒtheڒthroughڒallڒaboveڒfacilitatedڒbeڒshould ڒڒstepsսڒorderingڒdigitalڒandڒconfiguratorڒonline

ڒmobilityڒelectricڒmarketڒGrowth

ڒFactorsڒtractionսڒgainingڒisڒmobilityڒelectricڒWorldwide forڒthisڒareռڒamongڒotherڒthingsռڒtheڒacceleratedڒcliՒ ڒnewڒawarenessռڒenvironmentalڒstrongerڒaڒchangeռڒmate mobilityڒrequirementsռڒaڒbiggerڒchoiceڒofڒvehiclesռڒfallՒ ڒchargingڒbetterڒcostsռڒacquisitionڒandڒproductionڒing ڒasڒwellڒasڒtechnologiesڒbatteryڒnewڒinfrastructureռ ڒparticularڒOfڒrangeսڒmileageڒandڒperformanceڒhigher importanceڒinڒEuropeڒareڒalsoڒsuchڒfactorsڒasڒlegislaՒ tiveڒregulationsռڒCO2ڒstipulationsڒasڒwellڒasڒgovernՒ ڒtopicڒtheڒGermanyռڒInڒprogrammesսڒsubsidyڒmental ڒbansڒoverڒdebateڒtheڒthroughڒattentionڒaddedڒreceives ڒonlyڒnotڒisڒitڒthisռڒofڒallڒInڒvehiclesսڒDieselՒpoweredڒon

ڒalsoڒbutڒdebatedռڒbeingڒareڒthatڒaspectsڒenvironmental ڒڒindustryսڒautomotiveڒtheڒforڒopportunitiesڒgrowthڒthe

ڒtheڒyearsڒcomingڒtheڒoverڒthatڒagreedڒareڒExperts worldwideڒmarketڒforڒelectricڒmobilityڒwillڒgrowڒsubՒ ڒroleڒtrailblazerڒaڒupڒtakeڒwillڒEuropeڒthatڒandڒstantially ڒmanagementڒTheڒpowertrainsսڒofڒelectrificationڒtheڒin ڒwillڒEuropeڒ0ԓ20ڒinڒthatڒreckonsڒMcKinseyڒconsultancy leadڒtheڒtransformationڒwithڒaڒԘԕٝڒmarketڒshareڒforڒeՒ ڒbeڒwillڒItڒcarsսڒpassengerڒregisteredڒnewlyڒallڒinڒcars ڒabsoluteڒinڒmarketڒeՒcarڒlargestڒtheڒChinaռڒofڒahead ڒaڒwithڒUSAڒtheڒandڒshareռڒ0ٝԘڒaڒhaveڒwillڒthatڒterms ڒthanڒmoreڒofڒtotalڒaڒ0ԓ20ڒbyڒAccordinglyռڒshareսڒٝԗԕ ڒUnionڒEuropeanڒtheڒofڒroadsڒtheڒonڒvehiclesڒmillionڒ0Ԙ couldڒthusڒalreadyڒhaveڒanڒelectricڒdriveսڒTheڒconsulՒ ڒeՒvehiclesڒofڒshareڒtheڒthatڒreckonsڒPwCڒfirmڒtancy ڒwillڒEuropeڒinڒsalesڒvehicleڒnewڒforڒhybridsڒplugՒinڒand climbڒstronglyڒtoڒԓԗٝڒbyڒ202ԕڒԼ2021րڒ1ԗٝԽսڒForڒ20ԓ0ռڒ ڒofڒshareڒareڒԓԕ20ڒforڒandڒٝԗԗڒofڒshareڒaڒprojectsڒPwC Ԛ1ٝսڒڒ

ڒacceptanceڒhighڒaڒenjoysڒmobilityڒelectricڒGermanyڒIn evenڒifڒthatڒisڒnotڒyetڒadequatelyڒreflectedڒinڒtheڒvehiՒ ڒelectricڒwithڒvehiclesڒtimeռڒsameڒtheڒAtڒstockսڒcle powertrainsڒareڒwitnessingڒstrongڒgrowthڒinڒtheڒnumՒ ڒinڒAralڒbyڒconductedڒstudyڒAڒregistrationsսڒnewڒofڒber ڒofڒtypeڒtheڒinڒshiftڒparadigmڒaڒforڒsignsڒsawڒ2021 ڒԚ201ڒtheڒInڒpreferringսڒareڒcustomersڒcarڒdrivetrains ڒstillڒwereڒmotoristsڒofڒtwoՒthirdsڒexampleռڒforڒsurveyռ ڒMeanwhileڒenginesսڒgasolineڒorڒdieselڒonڒrelying ڒconventionalڒbetweenڒpowerڒofڒbalanceڒtheڒthoughռ ڒinڒOneڒevenսڒalmostڒisڒsystemsڒdriveڒalternativeڒand ڒandڒvehicleռڒhybridڒaڒbuyڒtoڒlikeڒwouldڒbuyersڒcarڒfour ڒdoubledڒthanڒmoreڒalsoڒhasڒvehiclesڒelectricڒinڒinterest toڒ1ԕٝڒwithinڒtwoڒyearsսڒԗ2ٝڒofڒcarڒbuyersڒwouldڒpurՒ chaseڒanڒelectricڒcarڒevenڒwithoutڒgovernmentڒsubsiՒ ڒtheڒtoڒAccordingڒstudyսڒAralڒtheڒtoڒaccordingڒdiesռ GermanڒFederalڒMotorڒVehicleڒOfficeڒԼKraftfahrtbunՒ desamtփڒKBAԽռڒaroundڒԗԙ1ռ000ڒpassengerڒcarsڒwithڒ ڒռ2021ڒinڒregisteredڒnewlyڒwereڒpowertrainڒelectric ڒcarڒpassengerڒnewڒallڒofڒٝԗ2ڒofڒshareڒaڒequalsڒwhich ڒplugՒinڒregisteredڒnewlyڒofڒnumberڒTheڒregistrationsս hybridsڒclimbedڒbyڒԗ2սԓٝڒtoڒaroundڒԓ2ԕռ000ռڒwhileڒtheڒ ڒ000ԓԕԗռڒaroundڒtoڒٝԙԓսԓڒgainedڒcarsڒelectricڒpure ڒڒunitsս

ڒdrivesսڒalternativeڒtoڒopenڒalsoڒareڒcustomersڒLeasing ڒlesseesڒprivateڒfutureڒallڒofڒhalfڒDataforceռڒtoڒAccording wouldڒlikeڒtoڒdriveڒaڒcorrespondingڒdriveսڒAmongڒcomՒ ڒtheڒvehicleռڒleasedڒaڒuseڒcurrentlyڒwhoڒdriversڒcarڒpany shareڒisڒԕԚٝսڒ

ڒdevelopmentսڒthisڒfromڒbenefitڒcanڒindustryڒleasingڒThe ڒexecutivesڒamongڒMcKinseyڒbyڒsurveyڒaڒtoڒAccording ڒisڒitڒleasingԽռڒԼinclսڒfinancingڒvehicleڒforڒresponsible ڒdemandڒboostڒcouldڒthatڒchangesڒregulatoryڒallڒabove ڒaroundڒThusռڒEuropeսڒinڒvehiclesڒleasingڒelectricڒfor ԚԕٝڒofڒexecutivesڒconsideredڒoffersڒforڒelectricڒvehiՒ clesڒtoڒbeڒժimportantիڒorڒժextremelyڒimportantիսڒThisڒindiՒ ڒandڒstrategicڒhighestڒhaveڒvehiclesڒelectricڒthatڒcates ڒnewڒofڒaheadڒevenڒexecutivesռڒamongڒpriorityڒfinancial ڒڒvehiclesսڒusedڒand

ڒthroughڒinstanceռڒforڒelectromobilityռڒpromotesڒAllane ڒpowerڒelectricڒandڒmanufacturersڒwithڒcooperations ڒexampleڒforڒservicesռڒconsultingڒasڒwellڒasڒsuppliers withڒaڒviewڒtoڒimprovingڒtheڒpollutantڒemissionsڒbalՒ anceսڒTechnologicalڒadvancesڒinڒelectricڒvehiclesռڒmanՒ ڒforڒtypeռڒdriveڒthisڒpromoteڒtoڒinitiativesڒufacturerխs exampleڒinڒsettingڒupڒaڒnationՒwideڒchargingڒinfraՒ ڒincreasingڒasڒwellڒasڒsubsidiesڒgovernmentڒstructureռ corporateڒinterestڒinڒoptimisingڒtheirڒfleetsڒforڒecologiՒ ڒforڒopportunitiesڒadditionalڒupڒopenڒconsiderationsڒcal ڒڒGroupսڒMobilityڒAllaneڒthe

ڒSources

McKinseyռڒThreeڒquartersڒofڒnewڒcarsڒinڒEuropeڒwillڒbeڒelectricڒinڒ20ԓ0ռڒ ڒփ2021ڒSeptemberڒԗ

ڒփ2021ڒAugustڒռ1ڒVolumeڒՔڒ2021ڒReportڒAutoڒDigitalڒPwCռ ڒփ2021ڒAugustڒռ2021ڒTrendsڒBuyingڒCarڒAralռ

KBAռڒPressڒReleaseڒNoսڒ01Վ2022ռڒԕڒJanuaryڒ2022փڒ

ڒփ2021ڒDecemberڒռ2021ڒAnalysisڒLeasingڒDataforceռ

ڒԚ2ڒhaveԶռڒcarڒcompanyڒnextڒyourڒshouldڒdriveڒWhichڒDataforceռ ڒփ2021ڒNovember

ڒս2020ڒNovemberڒԚڒyetԶռڒFinanceڒAutoڒFutureڒtoڒSubscribedڒMcKinseyռ

ԦօԦ Assessmentڒofڒtheڒoverallڒopportunitiesڒ ڒBoardڒManagingڒtheڒbyڒprofile

AllaneڒSEڒconsidersڒitselfڒwellڒpositionedڒtoڒtakeڒadՒ ڒaboveսڒdescribedڒopportunitiesڒgrowthڒtheڒofڒvantage TheڒrecoveryڒofڒtheڒglobalڒeconomyڒexpectedڒbyڒexՒ ڒtoڒlikelyڒisڒyearڒfinancialڒ2022ڒtheڒofڒcourseڒtheڒinڒperts haveڒaڒpositiveڒimpactڒonڒtheڒleasingڒeconomyռڒasڒcomՒ ڒparticularڒinڒinfluencedڒisڒinvestڒtoڒwillingnessڒpaniesխ ڒaڒhaveڒalsoڒmayڒThisڒsituationսڒeconomicڒoverallڒtheڒby positiveڒimpactڒonڒtheڒbusinessڒdevelopmentڒofڒtheڒAlՒ ڒGroupսڒMobilityڒlane

AlthoughڒtheڒongoingڒCOVIDՒ1Ԛڒsituationڒhasڒburdenedڒ ڒinڒalsoڒandڒfarڒsoڒAllaneڒofڒdevelopmentڒbusinessڒthe

ڒinڒimpulsesڒpositiveڒprovideڒalsoڒcouldڒitڒtermռڒshortڒthe theڒmediumڒtoڒlongڒtermڒaccordingڒtoڒindustryڒobservՒ ڒtowardsڒshiftڒtheڒstrengthenڒcouldڒitڒAccordinglyռڒersս ڒthatڒextentڒtheڒtoڒrequirementsڒandڒneedsڒmobilityڒnew acceptanceڒofڒproductsڒandڒservicesڒfromڒleasingڒcomՒ ڒfurtherսڒincreasesڒAllaneڒasڒsuchڒpanies

InڒtermsڒofڒcompetitiveڒopportunitiesռڒtheڒAllaneڒMobilՒ ڒcanڒthatڒmodelڒbusinessڒcompetitiveڒaڒhasڒGroupڒity ڒdueڒcustomersڒofڒneedsڒmobilityڒchangingڒtheڒaddress ڒinڒpositioningڒearlyڒitsڒandڒindependenceڒbrandڒitsڒto theڒonlineڒdirectڒsalesڒofڒnewڒleasedڒvehiclesսڒTheڒcomՒ ڒalsoڒgrowthڒitsڒaccelerateڒtoڒrightڒtheڒreservesڒpany ڒopportunitiesڒFurtherڒacquisitionsսڒtargetedڒthrough ڒnationalڒfutureڒonڒfocusڒorganisationխsڒtheڒfromڒarise ڒexpandڒcanڒAllaneڒadditionռڒInڒgrowthսڒinternationalڒand itsڒpositionڒasڒaڒfullՒserviceڒproviderڒbyڒintroducingڒfurՒ ڒcampaignsڒMarketingڒservicesսڒcomplementaryڒther ڒandڒroleڒimportantڒanڒplayڒalsoڒcooperationsڒsalesڒand canڒhelpڒtoڒraiseڒawarenessڒofڒAllaneռڒexpandڒtheڒconՒ tractڒportfolioڒandڒgenerateڒadditionalڒrevenuesռڒforڒexՒ ڒauctionڒonlineڒitsڒWithڒservicesսڒofڒareaڒtheڒinڒample ڒlocationsռڒcarڒusedڒitsڒofڒexpansionڒtheڒandڒplatform ڒtheڒfromڒbenefitڒtoڒpositionڒaڒinڒalsoڒisڒcompanyڒthe ڒmarketսڒcarڒusedڒtheڒofڒgrowthڒcontinuous

TheڒexpansionڒofڒtheڒdigitalڒproductڒandڒserviceڒportՒ ڒtheڒexploitڒtoڒGroupڒMobilityڒAllaneڒtheڒenablesڒfolio growthڒpotentialڒinڒtheڒareaڒofڒdigitalisationսڒThisڒapՒ ڒTheڒfieldսڒbusinessڒRetailڒOnlineڒtheڒtoڒparticularڒinڒplies digitalisationڒofڒtheڒbusinessڒmodelڒshouldڒalsoڒcontribՒ ڒaڒhaveڒthusڒandڒoptimisationڒcostڒandڒprocessڒtoڒute positiveڒimpactڒonڒproductivityڒandڒearningsڒdevelopՒ mentսڒInڒadditionռڒtheڒdevelopmentڒtowardsڒelectromoՒ ڒAllaneսڒforڒopportunitiesڒadditionalڒupڒopensڒbility

ڒbeڒalsoڒcanڒSEڒAllaneڒofڒprofileڒopportunityڒoverallڒThe assessedڒasڒgoodڒwithڒregardڒtoڒtheڒnewڒmajorڒshareՒ holderռڒHyundaiڒCapitalڒBankڒEuropeڒGmbHսڒTheڒpartՒ ڒtoڒpositionڒaڒinڒGroupڒMobilityڒAllaneڒtheڒputsڒnership ڒtoڒandڒstrategyڒitsڒpursueڒsuccessfullyڒtoڒcontinue ڒInڒfutureսڒtheڒinڒopportunitiesڒgrowthڒnewڒexploitڒjointly ڒoptimiseڒfurtherڒtoڒableڒbeڒtoڒintendsڒAllaneڒadditionռ ڒtheڒintoڒintegrationڒtheڒfromڒstructureڒrefinancingڒits ڒstrongڒfinanciallyڒandڒinternationalڒtwoڒtheڒofڒgroup ڒHyundaiսڒandڒSantanderڒgroups

ڒsectionsڒwithڒaccordanceڒinڒdeclarationڒNonՒfinancialڒՔڒڒcompanyڒtheڒandڒGroupڒtheڒofڒsituationڒtheڒonڒReportڒManagementڒՔڒB 2ԙԚbڒtoڒeڒandڒԓ1ԕbڒandڒcڒofڒtheڒHGBڒՔڒDependentڒcompanyڒreportڒ

ڒaccordanceڒinڒdeclarationڒNonՒfinancialڒՔڒBսԘ withڒsectionsڒ2ԙԚbڒtoڒeڒandڒԓ1ԕbڒandڒcڒofڒtheڒ ڒHGB

Pursuantڒtoڒsectionڒ2ԙԚbڒԼ2Խڒandڒsectionڒԓ1ԕbڒԼ2Խڒofڒ ڒaddڒtoڒobligationڒtheڒfromڒexemptڒisڒSEڒAllaneڒHGBռڒthe ڒreportڒmanagementڒtheڒtoڒdeclarationڒnonՒfinancialڒa ڒisڒitڒasڒCompanyռڒtheڒandڒGroupڒtheڒofڒsituationڒtheڒon ڒdeclarationڒconsolidatedڒnonՒfinancialڒtheڒinڒincluded ڒtheڒinڒcontainedڒisڒwhichڒSսAսռڒSantanderڒBancoڒof ڒandڒGroupڒtheڒofڒsituationڒtheڒonڒreportڒmanagement ڒBancoڒofڒ2021ڒyearڒfinancialڒtheڒforڒCompanyڒthe

ڒcontrollingڒtheڒisڒSսAսڒSantanderڒBancoڒSսAսսڒSantander ڒinڒwhichڒAGռڒBankڒConsumerڒSantanderڒofڒshareholder ڒBankڒCapitalڒHyundaiڒofڒshareholderڒmajorityڒtheڒisڒturn EuropeڒGmbHսڒInformationڒonڒtheڒsustainabilityڒofڒAlՒ ڒժSustainabilityիڒchapterڒtheڒinڒfoundڒbeڒalsoڒcanڒSEڒlane generՒڒmadeڒisڒandڒ2021ڒReportڒAnnualڒSEڒAllaneڒtheڒof allyڒavailableڒonڒtheڒinternetڒatڒirսallaneՒmobilityՒ ڒڒsectionսڒReportsիڒժFinancialڒtheڒinڒgroupսcom

ڒreportڒcompanyڒDependentڒՔڒBսԙ

ڒwithڒSEڒAllaneڒofڒshareholderڒlargestڒtheڒisڒHCBE Ԛ2ս0ԘٝڒofڒtheڒordinaryڒsharesڒandڒvotingڒrightsսڒThusռڒ ڒtheڒwithinڒdependenceڒofڒrelationshipڒaڒhadڒSEڒAllane ڒCapitalڒHyundaiڒwithڒAktGڒtheڒofڒԘ1ڒsectionڒofڒmeaning ڒaffiliatedڒitsڒandڒMainռڒamڒFrankfurtڒGmbHռڒEuropeڒBank ڒyearսڒfinancialڒ2021ڒtheڒinڒcompanies

DueڒtoڒtheڒindirectڒmajorityڒshareholdingڒofڒBancoڒSanՒ ڒwasڒthereڒSEռڒAllaneڒinڒSpainռڒSantanderռڒSսAսռڒtander ڒwithinڒSEڒAllaneڒofڒdependenceڒofڒrelationshipڒaڒthus theڒmeaningڒofڒsectionڒ1ԘڒofڒtheڒAktGڒwithڒBancoڒSanՒ tanderڒSսAսռڒSantanderռڒSpainռڒandڒitsڒaffiliatedڒcompaՒ ڒڒyearսڒfinancialڒ2021ڒtheڒinڒnies

ڒmajorityڒaڒholdsڒKoreaռڒSeoulռڒCompanyռڒMotorڒHyundai ڒSeoulռڒIncռڒServicesڒCapitalڒHyundaiڒinڒ0ٝԕԚսԘڒofڒstake ڒonڒKoreaռڒSeoulռڒIncսռڒServicesڒCapitalڒHyundaiڒKoreaս ڒHCBEڒinڒstakeڒmajorityڒaڒholdڒnotڒdoesڒhandռڒotherڒthe ڒventureڒjointڒtheڒtoڒDueڒsharesսڒtheڒofڒ00ٝԔԚսڒwith ڒSupervisoryڒtheڒofڒcompositionڒequalڒtheڒandڒstructure

BoardڒofڒHCBEڒwithڒmembersڒofڒHyundaiڒandڒSantanՒ derռڒthereڒwasڒneverthelessڒaڒrelationshipڒofڒdependՒ ڒwithڒAktGڒtheڒofڒԘ1ڒsectionڒofڒmeaningڒtheڒwithinڒence ڒaffiliatedڒitsڒandڒKoreaռڒSeoulռڒCompanyռڒMotorڒHyundai ڒyearսڒfinancialڒ2021ڒtheڒinڒcompanies

ThereforeռڒpursuantڒtoڒArticleڒԚڒԼ1ԽڒlitսڒcԽڒԼiiԽڒSEڒRegulaՒ tionռڒsectionڒԔԚڒԼ1ԽڒSEAGڒinڒconjunctionڒwithڒsectionڒ ڒtheڒcontainingڒpreparedڒisڒreportڒaڒԼAktGԽռڒtheڒofڒ12ԓ ڒManagingڒtheڒbyڒdeclarationڒconcludingڒfollowing ڒcircumstancesڒandڒfactsڒtheڒtoڒծAccordingڒBoardր knownڒtoڒtheڒManagingڒBoardڒatڒtheڒtimeڒlegalڒtransacՒ tionsڒsubjectڒtoڒdisclosureڒrequirementsڒwereڒconՒ ڒinڒconsiderationڒappropriateڒreceivedڒSEڒAllaneڒductedռ ڒrequirementsڒdisclosureڒtoڒsubjectڒActionsڒcaseսڒeach takenڒorڒactionsڒomittedڒdidڒnotڒexistڒinڒtheڒperiodڒunՒ ڒreviewսկڒder

ڒSEڒAllaneڒforڒinformationڒAdditionalڒՔڒBսԚ ڒHGBԽڒtheڒtoڒԼpursuant

ڒbusinessڒandڒFundamentals ڒperformance

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ڒofڒamountڒtheڒinڒliabilitiesڒotherڒareڒliabilitiesڒSignificant EURڒԕԕ0սԔڒmillionڒԼ2020րڒEURڒԗԔԕսԕڒmillionԽսڒInڒadditionڒ toڒtradeڒpayablesڒofڒEURڒ21սԕڒmillionڒԼ2020րڒEURڒ1Ԛսԓڒ ڒIsarڒtoڒliabilitiesڒincludeڒmainlyڒliabilitiesڒotherڒmillionԽռ ڒEURڒofڒtransactionڒABSڒtheڒwithڒconnectionڒinڒValley ԔԚԗսԘڒmillionڒԼ2020րڒEURڒԕԚԕڒmillionԽսڒTheڒliabilitiesڒtoڒ ڒinڒdeclineڒtheڒtoڒdueڒmainlyڒdecreasedڒhaveڒValleyڒIsar ڒareڒthereڒFurthermoreռڒrequirementsսڒfinancingڒgeneral liabilitiesڒtoڒbanksڒofڒEURڒ122սԘڒmillionڒԼ2020րڒEURڒ1Ԙ0ս0ڒ ڒmillionڒ0ԕ2ڒEURڒofڒliabilitiesڒsecuritisedڒandڒmillionԽ Լ2020րڒEURڒ2ԕ0ڒmillionԽսڒOtherڒprovisionsڒincreasedڒtoڒ EURڒ2ԙսԙڒmillionڒԼ2020րڒEURڒ1Ԛս0ڒmillionԽսڒTheڒmainڒreaՒ sonڒforڒthisڒisڒtheڒprovisionsڒmadeڒforڒoutstandingڒinՒ ڒreachedսڒsettlementsڒandڒservicesڒconsultingڒforڒvoices FurthermoreռڒprovisionsڒforڒlegalڒdisputesڒwereڒinՒ ڒotherڒinڒmillionڒսԙ2ڒEURڒtoڒmillionڒսԔ2ڒEURڒbyڒcreased ڒagainstڒdisputesڒlegalڒtoڒdueڒmainlyڒisڒThisڒprovisionsս ڒleasingڒforڒactionsڒrevocationڒfromڒarisingڒSEڒAllane ڒsomeڒForڒinstanceսڒsecondڒtheڒtoڒregardڒwithڒcontracts ڒdependsڒcourseڒfurtherڒtheڒcasesռڒopenڒrelatedڒtheڒof ڒorڒՎڒandڒBGHڒtheڒbyڒrulingsڒpendingڒofڒtimingڒtheڒon ڒopenڒtheseڒForڒSEսڒAllaneڒofڒcasesڒindividualڒonڒEUGH ڒofڒobligationڒfinancialڒotherڒanڒhasڒSEڒAllaneڒcasesռ EURڒ1սԚڒmillionռڒwhichڒwasڒnotڒrecognisedڒinڒtheڒproviՒ ڒsionsս

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ڒwithڒaccordanceڒinڒconformityڒofڒDeclaration sectionڒԢԧԢڒofڒtheڒAktGڒ

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ڒcompliedڒbeڒtoڒcontinuedڒbeڒwillڒandڒռ2020ڒDecember ڒbelowրڒindicatedڒotherwiseڒnotڒextentڒtheڒtoڒwithռ

• ڒzurڒԼErklärungڒStatementڒGovernanceڒCorporateڒThe ڒstatementsڒcontainڒnotڒdoesڒUnternehmensführungԽ onڒtheڒapproachڒtoڒtheڒlongՒtermڒsuccessionڒplanՒ ningڒregardingڒtheڒManagingڒBoardڒԼsectionڒBս2ڒhalfՒ ڒofڒpartڒisڒCompanyڒtheڒAsڒCodeԽսڒtheڒofڒ2ڒsentence ڒitڒGroupռڒSantanderڒtheڒasڒwellڒasڒGroupڒHyundaiڒthe ڒhighlyڒandڒexperiencedڒinternationallyڒtoڒaccessڒhas ڒreasonڒtheڒisڒwhichڒpersonnelռڒmanagementڒqualified ڒonڒreportingڒaڒthatڒopinionڒtheڒofڒisڒCompanyڒtheڒwhy ڒplanningڒsuccessionڒlongՒtermڒtheڒtoڒapproachڒthe ڒtoڒbenefitڒnotڒwouldڒBoardڒManagingڒtheڒregarding anyڒgreaterڒextentڒtheڒinformationڒinterestsڒofڒshareՒ ڒinvestorsսڒandڒholders
• ڒeffectivityڒassessesڒroutinelyڒBoardڒSupervisoryڒThe andڒefficiencyڒofڒitsڒworkڒandڒperformanceڒԼselfՒasՒ ڒonڒreportingڒfromڒrefrainsڒhoweverռڒbutռڒsessmentԽ suchڒselfՒassessmentڒwithinڒtheڒCorporateڒGovernՒ ڒtheڒofڒ2ڒsentenceڒԓ1DսڒԼsectionڒStatementڒance ڒthatڒopinionڒtheڒofڒisڒBoardڒSupervisoryڒTheڒCodeԽս theڒactualڒstructureڒofڒtheڒSupervisoryڒBoardڒԼcomՒ ڒofڒnonՒexistenceڒasڒwellڒasڒmembersڒfiveڒofڒposition ڒcomplexityڒofڒdegreeڒaڒhaveڒnotڒdoesڒcommitteesԽ ڒselfՒassessmentڒonڒreportingڒaڒrequireڒwouldڒwhich byڒtheڒSupervisoryڒBoardڒinڒaccordanceڒwithڒtheڒrecՒ ڒCodeսڒtheڒofڒ2ڒsentenceڒԓ1Dսڒsectionڒinڒommendation
• ڒdesڒԼBerichtڒBoardڒSupervisoryڒtheڒofڒreportڒThe ڒtoڒasڒstatementsڒcontainڒnotڒdoesڒAufsichtsratsԽ ڒforڒmeasuresڒdevelopmentڒprofessionalڒandڒtraining ڒ12DսڒԼsectionڒBoardڒSupervisoryڒtheڒofڒmembersڒthe ڒopinionڒtheڒofڒisڒBoardڒSupervisoryڒTheڒCodeԽսڒtheڒof thatڒaڒreportingڒonڒtrainingڒandڒprofessionalڒdevelopՒ ڒSupervisoryڒtheڒofڒmembersڒtheڒforڒmeasuresڒment ڒforڒinformationڒessentialڒconstituteڒnotڒdoesڒBoard ڒinvestorsսڒorڒshareholders
• ڒcaseՒbyՒcaseڒaڒonڒdecidesڒBoardڒSupervisoryڒThe ڒcandidatesڒofڒageڒtheڒaccountڒintoڒtakeڒtoڒhowڒbasis whenڒappointingڒManagingڒBoardڒmembersڒorڒproՒ ڒasڒelectionռڒforڒcandidatesڒBoardڒSupervisoryڒposing theڒSupervisoryڒBoardڒbelievesڒthatڒspecifyingڒaڒgenՒ eralڒageڒlimitڒandռڒtherebyռڒimposingڒaڒgeneralڒreՒ ڒofڒinterestڒtheڒinڒbeڒnotڒwouldڒselectionռڒonڒstriction ڒforڒlimitڒageڒspecifiedڒaڒThereforeռڒCompanyսڒthe ڒBoardڒSupervisoryڒorڒMembersڒBoardڒManaging ڒnotڒisڒandڒdeterminedڒbeenڒnotڒhasڒmembers

ڒStatementڒGovernanceڒCorporateڒtheڒinڒreported ڒCodeԽսڒtheڒofڒ2CսڒandڒBսԕڒԼsection

• ڒareڒBoardڒSupervisoryڒtheڒofڒprocedureڒofڒrulesڒThe ڒ1DսڒԼsectionڒwebsiteڒCompanyիsڒtheڒonڒpublishedڒnot ڒtheڒconsiderڒnotڒdoesڒCompanyڒTheڒCodeԽսڒtheڒof ڒanڒbeڒtoڒBoardڒSupervisoryڒtheڒofڒprocedureڒofڒrules ڒinvestorsڒorڒshareholdersڒforڒinformationڒessential ڒtheڒtoڒadditionڒinڒavailableڒpubliclyڒbeڒtoڒneedsڒwhich informationڒmadeڒavailableڒinڒtheڒCorporateڒGovernՒ ڒStatementսڒance
• ڒBoardռڒSupervisoryڒtheڒofڒsizeڒcurrentڒtheڒtoڒDue ڒbodyڒentireڒtheڒofڒworkڒefficientڒallowsڒwhich ڒhasڒcommitteesڒofڒformationڒtheڒԼGesamtgremiumԽռ ڒnoneڒThereforeռڒdateսڒtoڒnecessaryڒdeemedڒbeenڒnot ڒtheڒofڒcommitteesڒregardingڒrecommendationsڒtheڒof SupervisoryڒBoardڒandڒtheirڒmembersڒhaveڒbeenڒimՒ plementedڒԼcfսڒsectionsڒCս10ռڒDս2ռڒDսԓڒsentenceڒ1ռڒDսԔռڒ DսԕռڒDս11ռڒDս1ԓڒandڒGս1ԘڒofڒtheڒCodeԽսڒHoweverռڒtheڒSuՒ pervisoryڒBoardڒintendsڒtoڒestablishڒanڒAuditڒComՒ ڒtoڒandڒ2021ڒDecemberڒԗ1ڒfromڒeffectڒwithڒmittee implementڒtheڒrecommendationsڒofڒtheڒCodeڒwithڒreՒ ڒanڒwithڒmembersڒitsڒandڒCommitteeڒAuditڒtheڒtoڒgard exceptionڒonlyڒregardingڒtheڒrecommendationڒinڒsecՒ tionڒGս1ԘڒofڒtheڒCodeڒtoڒprovideڒforڒspecialڒremuneraՒ ڒdetailsԽսڒmoreڒforڒbelowڒԼseeڒworkڒcommitteeڒforڒtion
• ڒremunerationڒvariableڒmembersիڒBoardڒManagingڒThe isڒnotڒgrantedڒpredominantlyڒasڒshareՒbasedڒremuՒ ڒTheڒCodeԽսڒtheڒofڒ1ڒsentenceڒ10GսڒԼsectionڒneration ڒtheڒbyڒalsoڒthatڒviewڒtheڒtakesڒBoardڒSupervisory currentڒstructureڒofڒtheڒvariableڒremunerationڒanڒinՒ ڒaڒtowardsڒgearedڒeffectivelyڒisڒthatڒcreatedڒisڒcentive sustainableڒandڒlongՒtermڒdevelopmentڒofڒtheڒComՒ ڒpanyս
• ڒmembersڒBoardڒSupervisoryڒforڒremunerationڒThe ڒAssociationڒofڒArticlesڒCompanyիsڒtheڒinڒforڒprovided ڒofڒcommitmentڒtimeڒlargerڒtheڒofڒaccountڒtakesڒonly ڒneitherڒbutڒBoardռڒSupervisoryڒtheڒofڒchairpersonڒthe ڒBoardڒSupervisoryڒtheڒofڒchairpersonڒdeputyڒtheڒof ڒcommitteesڒofڒmembersڒorڒchairpersonڒtheڒofڒnor ԼsectionڒGս1ԘڒofڒtheڒCodeԽսڒWithڒtheڒexceptionڒofڒtheڒ ڒserviceڒtheڒforڒrequiredڒcommitmentڒtimeڒadditional asڒchairpersonڒofڒtheڒSupervisoryڒBoardռڒtheڒComՒ panyռڒforڒtheڒtimeڒbeingڒandڒsubjectڒtoڒongoingڒreՒ ڒtheڒinڒcommitmentڒtimeڒrequiredڒtheڒofڒview ڒfunctionsڒotherڒinڒserviceڒconsidersڒcaseռڒindividual ڒtheڒofڒpartڒregularڒasڒBoardڒSupervisoryڒtheڒwithin ڒmembersսڒBoardڒSupervisoryڒtheڒofڒduties

ԗԚ ڒ2021ڒReportڒAnnual ڒgroupڒmobilityڒallane

ڒtoڒrelatedڒmembersڒBoardڒSupervisoryڒFurthermoreռ ڒCompanyڒtheڒofڒshareholderڒmajorityڒcurrentڒthe ڒclaimsսڒremunerationڒtheirڒwaivedڒhave

• ڒinformationڒpriceՒsensitiveڒallڒdisclosesڒCompanyڒThe ڒtheڒHoweverռڒshareholdersսڒallڒandڒanalystsڒtoڒequally CompanyڒtakesڒtheڒviewڒthatڒdisclosureڒtoڒallڒshareՒ holdersڒalsoڒofڒnonՒpriceՒsensitiveڒinformationڒproՒ ڒԼsectionڒpartiesڒsimilarڒandڒanalystsڒfinancialڒtoڒvided ڒextentڒgreaterڒanyڒtoڒbenefitڒnotڒwouldڒCodeԽڒtheڒofڒ1Fս ڒshareholdersսڒofڒinterestsڒinformationڒthe
• ڒtheڒandڒstatementsڒfinancialڒconsolidatedڒannualڒThe ڒwithinڒpublishedڒareڒCompanyڒtheڒofڒreportڒannual ڒpublishedڒareڒreportsڒInterimڒperiodsսڒstatutoryڒthe ڒrulesսڒexchangeڒstockڒbyڒstipulatedڒperiodsڒtheڒwithin ڒwithڒcomplianceڒthatڒviewڒtheڒtakesڒCompanyڒThe ڒbyڒrecommendedڒdeadlinesڒpublicationڒshorterڒthe ڒanyڒtoڒbenefitڒnotڒdoesڒCodeڒtheڒofڒ2Fսڒsection ڒinvestorsռڒofڒinterestsڒinformationڒtheڒextentڒgreater ڒpublicսڒtheڒandڒemployeesڒcreditorsռ

ڒ2022ڒFebruaryڒ11ڒPullachռ

ڒtheڒFor	ڒtheڒFor
Supervisory	Managing
ڒڒ	ڒڒ
Board	Board
Allaneڒofڒ	Allaneڒofڒ
ڒ ڒڒSEڒ	ڒSEڒ
Jochen	Donglim
ڒKlöpperڒ	ڒShinڒ
Chairman	Chairman
ڒ	ڒ

ԧօԣ Relevantڒdisclosuresڒonڒcorporateڒ ڒpracticesڒgovernance

TheڒpracticesڒusedڒforڒmanagingڒAllaneڒSEڒandڒtheڒAlՒ laneڒMobilityڒGroupڒfullyڒcomplyڒwithڒtheڒstatutoryڒproՒ ڒڒvisionsս

ڒisڒGroupڒtheڒofڒmanagementڒoperationalڒandڒStrategic ڒregularڒandڒpoliciesڒplanningڒofڒbasisڒtheڒonڒperՒformed comprehensiveڒreportsڒtoڒtheڒManagingڒBoardսڒReportՒ ڒinternalڒtheڒsystemռڒmanagementڒriskڒtheڒcoversڒing ڒڒsystemսڒauditڒinternalڒtheڒasڒwellڒasڒsystemڒcontrol

TheڒriskڒmanagementڒsystemռڒtheڒfunctioningڒandڒexՒ tentڒofڒwhichڒisڒdocumentedڒinڒtheڒriskڒmanualռڒspeciՒ ڒmanagementڒsupportڒtoڒreportsڒofڒtypesڒseveralڒfies ڒrisksսڒofڒcontrolڒandڒassessmentڒidentificationռڒtheڒwith AmongڒotherڒthingsռڒtheڒManagingڒBoardڒandڒtheڒSuՒ ڒreportڒriskڒcomprehensiveڒaڒreceiveڒBoardڒpervisory

ڒregularlyڒisڒBoardڒManagingڒtheڒadditionռڒInڒyearսڒeach informedڒaboutڒrelevantڒissuesڒbyڒtheڒCompanyիsڒfuncՒ ڒofڒconsistsڒsystemڒcontrolڒinternalڒTheڒunitsսڒtional measuresڒandڒcontrolsռڒforڒexampleռڒtoڒensureڒcompliՒ anceڒwithڒstatutoryڒprovisionsڒandڒcorporateڒguideՒ ڒCompanyիsڒtheڒbyڒreportsڒregularڒspecifiesڒItڒlinesս businessڒunitsռڒauditڒreportsڒandڒregularڒworkingڒmeetՒ ingsڒrelatingڒtoڒdifferentڒtopicsսڒTheڒinternalڒauditڒsysՒ ڒandڒauditsڒplannedڒasڒsuchڒmeasuresڒtoڒrelatesڒtem ڒtheڒinڒdocumentedڒareڒwhichڒofڒresultsڒtheڒauditsռڒother ڒManagingڒtheڒtoڒreportsڒactivityڒandڒauditڒrespective ڒBoardս

ԧօԤ ComplianceڒwithinڒtheڒAllaneڒMobilityڒ ڒGroup

ڒwithڒaccordanceڒinڒcompanyռڒservicesڒfinancialڒaڒAs ڒtheڒtoڒsubjectڒisڒSEڒAllaneڒKWGռڒ10ڒnoսڒaԽ1Լڒ1ڒsection provisionsڒofڒMaRiskڒandڒsectionڒ2ԕaڒԼ1Խڒsentenceڒԓڒ noսڒԓڒKWGսڒThisڒresultsڒinڒrequirementsڒforڒtheڒimpleՒ ڒfunctionսڒcomplianceڒaڒofڒdesignڒandڒmentation

TheڒManagingڒBoardڒofڒAllaneڒSEڒhasڒappointedڒaڒcenՒ tralڒcomplianceڒofficerڒwhoռڒinڒcooperationڒwithڒtheڒinՒ ڒofڒdepartmentڒlegalڒtheڒandڒdepartmentڒauditڒternal AllaneڒSEռڒisڒresponsibleڒforڒcoordinatingڒandڒmonitorՒ ڒprocessesڒcomplianceڒandڒmeasuresڒcomplianceڒallڒing ڒڒGroupսڒMobilityڒAllaneڒtheڒwithin

ڒonlyڒnotڒisڒGroupڒMobilityڒAllaneڒtheڒofڒsuccessڒThe ڒtheڒbyڒalsoڒbutڒpolicyռڒbusinessڒexcellentڒitsڒbyڒdriven ڒhighestڒtheڒwithڒprinciplesڒbusinessڒofڒharmonisation moralڒandڒethicalڒstandardsռڒandڒtheڒtrustڒthatڒcustomՒ ڒpartnersڒbusinessڒandڒshareholdersڒsuppliersռڒersռ placeڒinսڒInڒorderڒtoڒwinڒandڒkeepڒthisڒtrustռڒitڒisڒaڒpreՒ ڒemployeesڒtheڒandڒBoardڒManagingڒtheڒthatڒcondition ofڒtheڒCompanyڒinڒanyڒsituationڒandڒcontinuouslyڒcomՒ plyڒwithڒtheڒhighڒstandardsڒofڒlegislationռڒethicsڒandڒsoՒ ڒitsڒandڒSEڒAllaneڒofڒConductڒofڒCodeڒTheڒskillsսڒcial affiliatedڒcompaniesռڒwhichڒisڒmandatoryڒforڒallڒemployՒ ڒactingڒtheڒforڒprinciplesڒbehaviouralڒtheseڒcontainsڒeesռ ڒandڒpartiesڒthirdڒtoڒrelationڒinڒdealingsڒindividualsի ڒdefinesڒConductڒofڒCodeڒTheڒCompanyսڒtheڒwithin complianceՒrelevantڒproceduresڒonڒtheڒpartڒofڒmanՒ ڒinڒactionڒforڒinstructionsڒspecificڒprovidesڒandڒagement theڒfollowingڒareasڒofڒcomplianceրڒcorruptionڒandڒbribՒ eryռڒmoneyڒlaunderingռڒantitrustڒlawռڒdataڒprotectionռڒinՒ ڒadditionռڒInڒinterestսڒofڒconflictsڒandڒinformationڒsider ڒorڒlegalڒkeyڒcoordinateڒtoڒrequiredڒareڒdepartmentsڒall ڒlegalڒtheڒwithڒproceduresڒandڒprocessesڒregulatory

0Ԙ ڒ2021ڒReportڒAnnual ڒgroupڒmobilityڒallane

ڒauditսڒinternalڒandڒofficerڒcomplianceڒtheڒdepartmentռ ڒauditsڒplanڒoutڒcarriesڒdepartmentڒauditڒinternalڒThe andڒprojectՒaccompanyingڒauditsڒbasedڒonڒriskՒoriՒ entedڒauditڒplanningսڒWithinڒtheڒscopeڒofڒtheseڒruleڒauՒ ڒwithڒonlyڒnotڒexaminedڒareڒprocessesڒbusinessڒditsռ ڒtoڒregardڒwithڒalsoڒbutڒaspectsڒriskڒeconomicڒtoڒregard possibleڒcomplianceڒrisksڒandڒcomplianceڒwithڒtheڒapՒ plicableڒinternalڒԼworkڒinstructionsռڒprocessesԽڒandڒexՒ ڒauditڒtheڒtimeռڒsameڒtheڒAtڒregulationsսڒternal departmentڒsupportsڒtheڒcomplianceڒfunctionڒinڒmoniՒ toringڒtheڒcomplianceڒmeasuresڒimplementedڒbyڒcarryՒ ڒrequiredսڒasڒchecksڒadՒhocڒoutڒing

ڒmainڒtheڒmonitorsڒconstantlyڒfunctionڒcomplianceڒThe ڒtheڒinitiatesڒSEռڒAllaneڒofڒareasڒcomplianceڒdefined necessaryڒmeasuresڒandڒaccompaniesڒtheirڒimplemenՒ tationսڒToڒbecomeڒawareڒofڒpotentialڒcomplianceڒdeՒ ڒreportingڒdifferentڒemployeesڒitsڒoffersڒSEڒAllaneڒfaultsռ ڒtheڒorڒofficerڒcomplianceڒtheڒsuperiorռڒtheڒviaڒchannels ڒregularڒmaintainsڒofficerڒcomplianceڒTheڒombudsmanս ڒasڒwellڒasڒassistsڒandڒBoardڒManagingڒtheڒwithڒcontact ڒmeasuresսڒpreventiveڒtoڒregardڒwithڒitڒadvises

ԧօԥ WorkingڒpracticesڒofڒManagingڒBoardڒandڒ ڒBoardڒSupervisory

AsڒEuropeanڒStockڒCorporationڒԼSocietasڒEuropaeaԽڒAlՒ ڒԼAktGڒAktiengesetzڒGermanڒtheڒbyڒgovernedڒisڒSEڒlane ڒEuropeanڒspecificڒtheڒActԽռڒCompaniesڒPublicڒGermanڒՔ ڒActսڒImplementationڒSEڒGermanڒtheڒandڒregulationsڒSE ڒaڒwithڒsystemڒmanagementڒdualisticڒaڒhasڒSEڒAllane clearڒdivisionڒofڒcorporateڒmanagementڒandڒitsڒsuperviՒ ڒSupervisoryڒandڒBoardڒManagingڒtheڒbetweenڒsion BoardսڒTheڒManagementڒBoardڒisڒthereforeڒstrictlyڒsepՒ ڒtheڒmonitorsڒwhichڒBoardռڒSupervisoryڒtheڒfromڒarated ڒitsڒonڒdecidesڒandڒBoardڒManagementڒtheڒofڒactivities ڒbodiesڒbothڒinڒmembershipڒSimultaneousڒcompositionս ڒpermittedսڒnotڒis

ԧօԥօԢ ManagingڒBoardڒ

TheڒManagingڒBoardڒofڒAllaneڒSEڒmanagesڒtheڒComՒ ڒSEڒAllaneڒrepresentsڒandڒresponsibilityڒownڒitsڒonڒpany ڒbusinessڒconductsڒItڒpartiesսڒthirdڒwithڒtransactionsڒin ڒofڒArticlesڒtheڒprovisionsռڒlegalڒtheڒwithڒaccordanceڒin AssociationڒandڒtheڒrulesڒofڒprocedureڒforڒtheڒManagՒ ڒBoardսڒing

AsڒtheڒcentralڒtaskڒofڒcorporateڒmanagementռڒtheڒManՒ agingڒBoardڒdefinesڒlongՒtermڒgoalsڒandڒstrategicڒoriՒ ڒtheseڒagreesڒGroupռڒtheڒandڒCompanyڒtheڒforڒentation

withڒtheڒSupervisoryڒBoardڒandڒcoordinatesڒtheirڒimՒ plementationսڒTheڒManagingڒBoardڒdeterminesڒtheڒinՒ ڒkeyڒonڒdecidesڒorganizationռڒcorporateڒternal ڒtheڒmonitorsڒandڒmanagesڒandڒpositionsڒmanagement ڒbudgetsռڒdeterminingڒandڒplanningڒbyڒbusinessڒGroupխs ڒonڒdecidingڒandڒmonitoringڒandڒresourcesڒallocating ڒڒmeasuresսڒindividualڒkey

TheڒmembersڒofڒtheڒManagingڒBoardڒareڒjointlyڒresponՒ ڒtheڒaffectingڒWithoutڒmanagementսڒentireڒtheڒforڒsible ڒManagingڒtheڒofڒmembersڒallڒofڒresponsibilityڒoverall BoardռڒtheڒindividualڒmembersڒmanageڒtheڒareasڒasՒ ڒManagingڒtheڒofڒframeworkڒtheڒwithinڒthemڒtoڒsigned BoardڒresolutionsڒonڒtheirڒownڒresponsibilityսڒTheڒdistriՒ ڒManagingڒtheڒofڒmembersڒtheڒamongڒtasksڒofڒbution BoardڒisڒsetڒoutڒinڒaڒwrittenڒbusinessڒallocationڒplanڒatՒ ڒManagingڒtheڒofڒprocedureڒofڒrulesڒtheڒtoڒtached ڒڒBoardս

ڒallڒonڒdecisionsڒmakesڒwholeڒaڒasڒBoardڒManagingڒThe ڒwellڒasڒimportanceڒmaterialڒandڒfundamentalڒofڒmatters ڒofڒrulesڒTheڒcasesսڒbindingڒotherwiseڒorڒlegallyڒinڒas procedureڒofڒtheڒManagingڒBoardڒprovideڒforڒaڒcataՒ ڒdecisionڒandڒdiscussionڒrequireڒthatڒmeasuresڒofڒlogue ڒwholeսڒaڒasڒBoardڒManagingڒtheڒby

Inڒ2021ռڒtheڒManagingڒBoardڒhadڒtwoڒmembersսڒMrսڒMiՒ ڒAllaneڒofڒBoardڒManagingڒtheڒofڒChairmanڒRuhlռڒchael ڒcorporateڒandڒstrategyڒgroupڒforڒresponsibleڒwasڒSEռ ڒpurchasingռڒoperationsռڒmarketingռڒsalesռڒdevelopmentռ ڒresignedڒheڒuntilڒresourcesռڒhumanڒundڒremarketing ڒrequestڒhisڒatڒSEڒAllaneڒofڒBoardڒManagingڒtheڒfrom ڒDonglimڒMrսڒս2021ڒJuneڒ0ԓڒofڒendڒtheڒfromڒeffectڒwith ڒSEڒAllaneڒofڒBoardڒManagingڒtheڒtoڒappointedڒwasڒShin ڒeffectڒwithڒBoardڒManagingڒtheڒofڒChairmanڒnewڒtheڒas ڒresponsibilityսڒofڒareasڒsameڒtheڒwithڒ2021ڒJulyڒ1ڒfrom ڒforڒresponsibleڒwasڒSEռڒAllaneڒofڒCFOڒWaldowռڒBjörnڒMrս ڒinvestorڒfinancingռڒԱڒtreasuryڒcontrollingռڒaccountingռ relationsռڒriskڒmanagementռڒinternalڒauditռڒlegalռڒcompliՒ ڒMrսڒռ2021ڒSeptemberڒ0ԓڒfromڒeffectڒWithڒITսڒandڒance ڒtheڒofڒBoardڒManagingڒtheڒfromڒresignedڒWaldowڒBjörn ڒÁlvaroڒMrսڒռ2021ڒDecemberڒ1ڒfromڒeffectڒWithڒCompanyս ڒtheڒofڒBoardڒManagingڒtheڒtoڒappointedڒwasڒHernández ڒresponsibilityսڒofڒareasڒsameڒtheڒwithڒCompany

ԧօԥօԣ SupervisoryڒBoardڒ

ڒsixڒofڒconsistsڒSEڒAllaneڒofڒBoardڒSupervisoryڒThe membersڒfollowingڒtheڒexpansionڒresolvedڒbyڒtheڒExՒ DeՒڒ10ڒonڒCompanyڒtheڒofڒMeetingڒGeneralڒtraordinary ڒtheڒofڒԽ1Լڒ10ڒarticleڒwithڒaccordanceڒinڒ2020ڒcember

ڒwithڒaccordanceڒinڒdeclarationڒgovernanceڒCorporateڒՔڒڒcompanyڒtheڒandڒGroupڒtheڒofڒsituationڒtheڒonڒReportڒManagementڒՔڒB sectionsڒ2ԙԚfڒandڒԓ1ԕdڒofڒtheڒHGBڒ

ڒSupervisoryڒtheڒpresentռڒAtڒAssociationսڒofڒArticles ڒmembersսڒfiveڒhasڒBoard

ڒMeetingڒGeneralڒAnnualڒtheڒbyڒelectedڒareڒmembersڒAll ڒprovisionsڒtheڒandڒprovisionsڒlegalڒwithڒaccordanceڒin ڒBoardڒSupervisoryڒTheڒAssociationսڒofڒArticlesڒtheڒof ڒonڒmeetingڒitsڒatڒCommitteeڒAuditڒanڒformedڒhas ڒcommitteesڒotherڒnoڒwereڒThereڒս2021ڒDecemberڒԗ1 ڒdateսڒreportingڒtheڒatڒasڒpowersڒdecisionՒmakingڒwith

TheڒSupervisoryڒBoardիsڒmainڒtasksڒincludeڒtheڒapՒ pointmentڒofڒManagingڒBoardڒmembersڒandڒsuperviՒ ڒtheڒruleռڒgeneralڒaڒAsڒBoardսڒManagingڒtheڒofڒsion ڒmeetingsսڒatڒresolutionsڒitsڒadoptsڒBoardڒSupervisory OnڒinstructionڒofڒtheڒSupervisoryڒBoardڒChairmanռڒresՒ ڒadoptedڒbeڒalsoڒmayڒBoardڒSupervisoryڒtheڒbyڒolutions outsideڒofڒmeetingsڒԼorڒbyڒwayڒofڒaڒcombinedڒresoluՒ tionԽڒbyڒcastingڒvotesڒverballyڒorڒbyڒtelephoneռڒinڒwritՒ ڒbyڒandՎorڒCodeԽڒCivilڒGermanڒՒڒBGBڒԗb12ڒԼsectionڒing ڒelectronicڒorڒtelecommunicationڒofڒmeansڒotherڒusing mediaڒԼarticleڒ1ԔڒԼ2ԽڒofڒtheڒArticlesڒofڒAssociationԽսڒ ڒbyڒadoptedڒvalidlyڒbeڒalsoڒmayڒresolutionڒaڒMoreoverռ ڒtheڒofڒinstructionڒtheڒwithoutڒmeansڒaforementioned ChairmanڒofڒtheڒSupervisoryڒBoardڒifڒnoڒmemberڒobՒ jectsڒԼarticleڒ1ԔڒԼԓԽڒofڒtheڒArticlesڒofڒAssociationԽսڒResՒ ڒsimpleڒaڒrequireڒBoardڒSupervisoryڒtheڒofڒolutions majorityڒofڒvotesڒcastռڒunlessڒotherwiseڒmandatorilyڒreՒ quiredڒbyڒlawڒԼarticleڒ1ԔڒԼԘԽڒofڒtheڒArticlesڒofڒAssociaՒ ڒfurtherڒcontainsڒreportڒBoardխsڒSupervisoryڒTheڒtionԽս detailsڒonڒtheڒmeetingsڒandڒactivitiesڒofڒtheڒSuperviՒ ڒyearսڒfinancialڒ2021ڒtheڒduringڒBoardڒsory

ڒcloselyڒcooperateڒBoardڒSupervisoryڒandڒManagingڒThe forڒtheڒbenefitڒofڒtheڒAllaneڒMobilityڒGroupսڒTheڒManagՒ ڒregularlyռڒBoardڒSupervisoryڒtheڒinՒformsڒBoardڒing promptlyڒandڒcomprehensivelyڒonڒmattersڒthatڒareڒreleՒ ڒstrategicڒregardingڒGroupڒtheڒandڒCompanyڒtheڒtoڒvant ڒandڒsituationڒriskڒtheڒdevelopmentռڒbusinessڒplanningռ riskڒmanagementڒasڒwellڒasڒtheڒresultsڒofڒinternalڒreviՒ sionsսڒTheڒManagingڒBoardڒagreesڒtheڒCompanyիsڒstraՒ ڒandڒBoardڒSupervisoryڒtheڒwithڒorientationڒtegic discussesڒtheڒimplementationڒofڒstrategyڒatڒregularڒinՒ tervalsսڒDocumentsڒrequiredڒtoڒmakeڒdecisionsռڒinڒparՒ ڒtheڒSEռڒAllaneڒofڒstatementsڒfinancialڒannualڒtheڒticular consolidatedڒfinancialڒstatementsռڒtheڒmanagementڒreՒ portڒonڒtheڒGroupիsڒandڒtheڒCompanyխsڒsituationռڒinՒ ڒtheڒtoڒforwardedڒareڒreportsռڒauditorsխڒtheڒcluding ڒbeforeڒtimeڒgoodڒinڒBoardڒSupervisoryڒtheڒofڒmembers ڒtheڒofڒprocedureڒofڒrulesڒTheڒmeetingսڒrespectiveڒthe ڒmeasuresڒofڒcatalogueڒaڒforڒprovideڒBoardڒManaging

requiringڒapprovalռڒwhichڒmustڒbeڒsubmittedڒtoڒtheڒSuՒ ڒapprovalսڒforڒBoardڒpervisory

ԧօԦ ObjectivesڒofڒSupervisoryڒBoardڒandڒ ڒstatusڒimplementation

TheڒSupervisoryڒBoardڒhasڒresolvedڒobjectivesڒregardՒ ڒprofileڒcompetenceڒaڒdevelopedڒandڒcompositionڒitsڒing ڒBoardսڒSupervisoryڒentireڒtheڒfor

ڒcomposedڒbeڒtoڒisڒBoardڒSupervisoryڒtheڒAccordinglyռ inڒsuchڒaڒwayڒasڒtoڒensureڒqualifiedڒsupervisionڒandڒadՒ ڒBoardսڒSupervisoryڒtheڒbyڒBoardڒManagingڒtheڒofڒvice ڒskillsڒknowledgeռڒtheڒhaveڒshouldڒmembersڒitsڒOverallռ andڒprofessionalڒexperienceڒrequiredڒtoڒproperlyڒperՒ formڒtheڒtasksڒofڒaڒsupervisoryڒboardڒinڒaڒcapitalڒmarՒ ڒtheڒinڒcompanyڒactiveڒinternationallyڒketՒorientedռ businessڒareasڒofڒleasingڒforڒprivateڒandڒbusinessڒcusՒ ڒmanagementսڒfleetڒandڒtomers

ԧօԦօԢ Profileڒofڒcompetenceڒ

OverallռڒtheڒSupervisoryڒBoardڒshallڒhaveڒtheڒcompeՒ tenciesڒthatڒareڒconsideredڒessentialڒinڒviewڒofڒtheڒacՒ ڒinڒincludesռڒThisڒGroupսڒMobilityڒAllaneڒtheڒofڒtivities ڒofڒknowledgeڒandڒinڒexperienceڒinՒdepthڒparticularռ

• ڒinternationalڒmidՒsizedڒorڒlargeڒaڒofڒmanagementڒthe ڒcompanyփ
• ڒbusinessփڒmanagementڒfleetڒandڒleasingڒthe
• ڒdigitalizationփڒandڒdistributionڒmarketingռڒofڒfieldsڒthe
• ڒGroupڒMobilityڒAllaneڒtheڒwhichڒinڒmarketsڒmainڒthe ڒactiveփڒis
• ڒaccountingփڒandڒbookkeeping
• ڒandڒmanagementڒcontrollingՎrisk
• ڒgovernanceՎcomplianceսڒofڒareaڒthe

InڒadditionռڒinڒcomplianceڒwithڒtheڒrequirementsڒofڒsecՒ SuՒڒtheڒofڒmemberڒoneڒleastڒatڒAktGռڒtheڒofڒԼԕԽڒ100ڒtion ڒofڒareasڒtheڒinڒexpertiseڒhaveڒmustڒBoardڒpervisory ڒauditingսڒorڒaccounting

ԧօԦօԣ Requirementsڒforڒtheڒcompositionڒofڒ ڒmembersڒindividualڒtheڒandڒboardڒentireڒthe

ڒ ڒdiversityڒandڒCompetence

ڒseatsڒtheڒfillingڒforڒprerequisitesڒtheڒforemostռڒandڒFirst ڒqualificationsڒprofessionalڒareڒBoardڒSupervisoryڒtheڒon ڒwillڒBoardڒSupervisoryڒTheڒcompetenceսڒpersonalڒand alwaysڒgiveڒpriorityڒtoڒtheseڒprerequisitesռڒwhichڒareڒinՒ ڒobligationsռڒlegalڒitsڒofڒfulfilmentڒtheڒforڒdispensable

ڒBoardڒSupervisoryڒofڒelectionڒtheڒproposingڒwhen ڒmembersս

OverallռڒtheڒSupervisoryڒBoardڒpursuesڒtheڒgoalڒofڒoptiՒ ڒfunctionsڒadvisoryڒandڒsupervisoryڒitsڒfulfillingڒmally throughڒtheڒdiversityڒofڒitsڒmembersսڒTheڒdiversityڒinՒ ڒdifferentڒasڒwellڒasڒinternationalityڒparticularڒinڒcludes ڒtheڒpreparingڒInڒlifeսڒofڒwaysڒandڒexperienceڒofڒhorizons ڒitڒdismissalsռڒforڒproposalsڒtheڒorڒproposalsڒelection shouldڒbeڒassessedڒinڒeachڒindividualڒcaseڒtoڒwhatڒexՒ ڒprofilesռڒprofessionalڒcomplementaryڒdifferentռڒtent ڒappropriateڒanڒandڒexperienceڒlifeڒandڒprofessional ڒtheڒofڒworkڒtheڒbenefitڒsexesڒbothڒofڒrepresentation ڒBoardڒSupervisoryڒtheڒadditionռڒInڒBoardսڒSupervisory willڒsupportڒtheڒManagingڒBoardڒinڒstrengtheningڒdiverՒ ڒCompanyսڒtheڒwithinڒsity

ڒrelevantڒareasڒworkڒofڒknowledgeڒInՒdepth ڒCompanyڒfor

AllڒmembersڒofڒtheڒSupervisoryڒBoardڒshallڒhaveڒinՒ ڒthatڒareasڒworkڒinڒexperiencesڒandڒknowledgeڒdepth ڒtheڒmeetڒshallڒtheyڒandڒCompanyڒtheڒforڒimportantڒare ڒtheڒfromڒrequirementsڒpersonalڒandڒprofessionalڒother ڒstipulationsսڒregulatoryڒapplicable

ڒexperienceڒManagement

TheڒSupervisoryڒBoardڒshallڒhaveڒatڒleastڒtwoڒmemՒ ڒorڒmanagementڒtheڒinڒexperiencedڒbeڒshallڒTheseڒbersս ڒcorporationսڒlargeڒtoڒmidՒsizedڒaڒofڒsupervision

ڒInternationality

ڒshallڒBoardڒSupervisoryڒtheڒofڒmembersڒtwoڒleastڒAt ڒofڒmarketsڒsalesڒmainڒtheڒinڒexperienceڒbusinessڒhave ڒassistanceڒcompetentڒprovideڒtoڒableڒbeڒandڒSEڒAllane ڒinternationalisationսڒcontinuedڒSEխsڒAllaneڒin

ڒmaterialڒmembersՎnoڒindependentڒofڒNumber ڒinterestsڒofڒconflicts

ڒofڒnumberڒsuitableڒaڒhaveڒshallڒBoardڒSupervisoryڒThe ڒSupervisoryڒtheڒofڒviewڒtheڒInڒmembersսڒindependent ڒtheڒofڒbackgroundڒtheڒagainstڒcaseڒtheڒisڒthisڒBoardռ ڒofڒtwoڒleastڒatڒifڒCompanyڒtheڒofڒstructureڒownership ڒtheڒtoڒaccordingڒmembersڒBoardڒSupervisoryڒsixڒthe ڒtheڒwithinڒindependentڒareڒAssociationڒofڒArticles ڒCorporateڒGermanڒtheڒofڒ1Cսڒsectionڒtheڒofڒmeaning ڒbeڒwillڒBoardڒSupervisoryڒTheڒCodeսڒGovernance ڒproposalsսڒelectionڒitsڒinڒrequirementsڒtheseڒbyڒguided

ڒtheڒtoڒelectionڒforڒproposedڒbeڒshallڒoneڒnoڒMoreoverռ ڒaڒmeanڒcouldڒactivitiesڒotherڒwhoseڒBoardռڒSupervisory ڒintermittentڒorڒsporadicڒjustڒnotڒandڒmaterialڒpotentially ڒinterestsսڒofڒconflict

ڒinڒisڒBoardڒSupervisoryڒtheڒofڒcompositionڒcurrentڒThe accordanceڒwithڒaforelistedڒtargetsսڒInڒviewڒofڒtheirڒdifՒ ڒofڒmembersڒtheڒexperiencesռڒandڒbackgroundsڒferent ڒtoڒregardڒwithڒentiretyڒtheirڒinڒBoardڒSupervisoryڒthe theirڒdifferentڒlivesڒandڒhorizonsڒofڒexperienceڒrepreՒ ڒtoڒjusticeڒoptimalڒdoڒtoڒdiversityڒnecessaryڒtheڒsent ڒSupervisoryڒtheڒparticularռڒInڒdutyսڒsupervisoryڒtheir BoardڒasڒaڒwholeڒhasڒtheڒknowledgeռڒskillsڒandڒprofesՒ ڒtheڒperformڒproperlyڒtoڒrequiredڒexperienceڒsional tasksڒofڒaڒSupervisoryڒBoardڒinڒaڒcapitalڒmarketՒoriՒ ڒbusinessڒtheڒinڒcompanyڒactiveڒinternationallyڒentedռ ڒandڒprivateڒforڒleasingڒandڒmanagementڒfleetڒofڒareas ڒSupervisoryڒtheڒofڒmembersڒAllڒcustomersսڒbusiness ڒandڒexpertiseڒindustryڒspecialisedڒdemonstrateڒBoard ڒdueڒmarketsڒsalesڒmainڒCompanyխsڒtheڒinڒexperiences toڒtheirڒpreviousڒprofessionalڒactivitiesڒandڒhaveڒexpeՒ ڒmidՒsizedڒaڒofڒsupervisionڒorڒmanagementڒtheڒinڒrience ڒoneڒPutlitzռڒzuڒJulianڒDrڒMrڒWithڒcorporationսڒlargeڒto ڒrepresentedڒisڒrepresentativeڒshareholderڒindependent ڒSupervisoryڒtheڒBoardռڒSupervisoryڒCompanyխsڒtheڒin BoardڒwillڒfollowڒtheڒguidelinesڒofڒtheڒGermanڒCorpoՒ ڒforڒcandidatesڒproposingڒwhenڒCodeڒGovernanceڒrate ڒpositionsսڒBoardڒSupervisoryڒstatutoryڒotherڒthe

ԧօԧ DiversityڒConceptڒ

ԧօԧօԢ ManagingڒBoardڒ

ڒtheڒofڒcompositionڒtheڒinڒaspectsڒDiversity ڒBoardڒManaging

OverallռڒtheڒManagingڒBoardڒshouldڒhaveڒtheڒcompeՒ tenciesڒthatڒareڒconsideredڒessentialڒinڒviewڒofڒtheڒacՒ ڒofڒopinionڒtheڒInڒGroupսڒMobilityڒAllaneڒtheڒofڒtivities ڒincludeրڒtheseڒBoardռڒSupervisoryڒthe

• ڒdifferentڒandڒprofilesڒprofessionalڒcomplementary ڒbackgroundsփڒeducationalڒandڒprofessional
• ڒintegrityփڒpersonalڒhighest
• ڒtheڒwithڒdialogueڒinڒexperienceڒpracticalڒinՒdepth ڒknowledgeڒinՒdepthڒincludingڒstakeholdersռڒvarious ڒrequirementsփڒmarketڒcapitalڒof
• profoundڒexperienceڒinڒITڒmanagementڒandڒunderՒ standingڒofڒtheڒincreasingڒdigitalisationڒofڒtheڒbusiՒ ڒmodelփڒness
• manyڒyearsڒofڒexperienceڒinڒvalueՒbasedڒstrategyڒdeՒ ڒmanagementփڒchangeڒandڒvelopment
• ڒlargeڒofڒmanagementڒtheڒinڒexperienceڒofڒyearsڒmany ڒcompaniesփ
• ڒmanagementփڒfinancialڒandڒaccountingڒofڒknowledge
• ڒmanagementփڒriskڒofڒknowledgeڒsolid
• ڒandڒexperienceڒinternational
• ڒdifferentڒandڒsexesڒbothڒofڒrepresentationڒadequate ڒagesս

ڒtheڒofڒmembersڒtheڒofڒcontractsڒserviceڒtheڒruleռڒaڒAs ڒageڒstandardڒtheڒwhenڒendڒshouldڒBoardڒManaging ڒyearsڒԗԘڒԼcurrentlyڒinsuranceڒpensionڒstatutoryڒforڒlimit ڒreachedսڒisڒageԽڒof

ڒconceptڒdiversityڒtheڒofڒAims

ڒcomplementaryڒBoardռڒSupervisoryڒtheڒofڒopinionڒtheڒIn professionalڒprofilesڒandڒdifferentڒprofessionalڒandڒedՒ ڒofڒdutyڒtheڒfromڒresultڒalreadyڒbackgroundsڒucational ڒandڒlivesڒdifferentڒtheڒadditionռڒInڒmanagementսڒproper ڒManagingڒtheڒofڒmembersڒindividualڒtheڒofڒexperiences ڒchallengesռڒcurrentڒanalysingڒforڒdecisiveڒareڒBoard ڒperspectivesڒdifferentڒfromڒstrategiesڒandڒproblems andڒthusڒmakingڒaڒdecisionڒforڒtheڒbenefitڒofڒtheڒComՒ ڒpanyս

ڒbusinessڒtheڒofڒdigitalisationڒincreasingڒtheڒofڒviewڒIn modelڒandڒtheڒenormousڒrelevanceڒofڒmodernڒITڒstrucՒ ڒexperienceڒprofoundڒCompanyռڒtheڒofڒareasڒallڒforڒtures inڒITڒmanagementڒandڒaڒprofoundڒunderstandingڒofڒdigՒ ڒsuccessfullyڒtoڒorderڒinڒindispensableڒareڒitalisation ڒfutureսڒtheڒintoڒCompanyڒtheڒlead

ڒlargerڒofڒmanagementڒtheڒinڒexperienceڒofڒyearsڒMany companiesռڒstrategyڒdevelopmentڒandڒchangeڒmanageՒ mentڒareڒdecisiveڒandڒindispensableڒelementsڒofڒmodՒ ڒSupervisoryڒtheڒofڒopinionڒtheڒinڒmanagementڒtopڒern BoardսڒTheڒManagingڒBoardڒalsoڒrequiresڒsoundڒpractiՒ calڒexperienceڒinڒdialogueڒwithڒtheڒvariousڒstakeholdՒ ڒrequirementsڒtheڒofڒknowledgeڒinՒdepthڒincludingڒersռ ڒSupervisoryڒtheڒparticularռڒInڒmarketսڒcapitalڒtheڒof BoardڒisڒofڒtheڒopinionڒthatڒsuccessfulڒcorporateڒmanՒ ڒtheڒwithڒcommunicationڒconsistentڒrequiresڒagement ڒBoardսڒManagingڒtheڒbyڒlevelsڒmanagementڒlower

ڒappropriateڒanڒforڒstrivesڒalsoڒBoardڒSupervisoryڒThe ڒonڒagesڒdifferentڒandڒgendersڒbothڒofڒrepresentation ڒmixedՒgenderڒthatڒbelievesڒitڒasڒBoardռڒManagingڒthe ڒinڒteamsڒthanڒresultsڒbetterڒorڒsameڒtheڒachieveڒteams ڒtheڒasڒHoweverռڒrepresentedսڒisڒgenderڒoneڒonlyڒwhich ManagingڒBoardڒcurrentlyڒconsistsڒofڒonlyڒtwoڒmemՒ ڒquotaڒstrictڒaڒthatڒbelievesڒBoardڒSupervisoryڒtheڒbersռ ڒtheڒinڒreductionڒsignificantڒaڒtoڒleadڒwouldڒpointڒthisڒat ڒonڒandڒhandڒoneڒtheڒonڒcandidatesڒsuitableڒofڒnumber theڒotherڒwouldڒcallڒintoڒquestionڒtheڒfutureڒcooperaՒ ڒBoardڒManagingڒtheڒofڒmembersڒdeservingڒwithڒtion ڒCompanyսڒtheڒwithڒfamiliarڒareڒwho

ڒimplementationڒofڒManner

ڒdiversityڒtheڒaccountڒintoڒtakesڒBoardڒSupervisoryڒThe ڒtoڒmembersڒappointingڒwhenڒaboveڒdescribedڒaspects ڒBoardڒManagingڒtheڒadditionռڒInڒBoardսڒManagingڒthe ڒinformationڒexchangeڒregularlyڒBoardڒSupervisoryڒand ڒpotentialsڒhighڒandڒcandidatesڒsuccessorڒsuitableڒon fromڒtheڒGroupڒinڒorderڒtoڒensureڒtheڒcontinuousڒfurՒ ڒڒtalentsսڒpromisingڒofڒdevelopmentڒther

ԧօԧօԣ SupervisoryڒBoardڒ

ڒtheڒofڒcompositionڒtheڒinڒaspectsڒDiversity ڒBoardڒSupervisory

ڒcomprehensiveڒaڒupڒdrawnڒhasڒBoardڒSupervisoryڒThe ڒformulatedڒandڒcompositionڒitsڒforڒprofileڒcompetence ڒentireڒtheڒofڒcompositionڒtheڒforڒrequirementsڒdetailed ڒmembersսڒindividualڒitsڒandڒBoardڒSupervisory

ڒtheڒhaveڒshouldڒBoardڒSupervisoryڒtheڒAccordinglyռ ڒinڒessentialڒconsideredڒareڒthatڒcompetenciesڒoverall ڒڒGroupսڒMobilityڒAllaneڒtheڒofڒactivitiesڒtheڒofڒview

ڒonڒseatsڒtheڒfillingڒforڒprerequisitesڒimportantڒmostڒThe ڒqualificationsڒprofessionalڒareڒBoardڒSupervisoryڒthe ڒwillڒBoardڒSupervisoryڒTheڒcompetenceսڒpersonalڒand ڒforڒindispensableڒareڒwhichڒconditionsռڒtheseڒconsider ڒmakingڒwhenڒobligationsռڒstatutoryڒitsڒofڒfulfilmentڒthe ڒSupervisoryڒtheڒofڒmembersڒofڒelectionڒforڒnominations ڒBoardս

ڒtoڒattentionڒparticularڒpaysڒalsoڒBoardڒSupervisoryڒThe differentռڒcomplementaryڒprofessionalڒprofilesռڒprofesՒ sionalڒandڒlifeڒexperienceڒandڒanڒappropriateڒrepresenՒ ڒsexesսڒbothڒofڒtation

ڒdefineڒnotڒdoesڒitڒthatڒmaintainsڒBoardڒSupervisoryڒThe anڒageڒlimitڒorڒaڒruleڒlimitڒforڒmembershipڒofڒtheڒSuperՒ ڒmaintainsڒalsoڒBoardڒSupervisoryڒTheڒBoardսڒvisory

ڒofڒproportionڒtheڒforڒfigureڒtargetڒaڒsetڒnotڒwillڒitڒthat ڒBoardսڒSupervisoryڒandڒBoardڒManagingڒtheڒonڒwomen ڒstrictڒaڒthatڒopinionڒtheڒinڒisڒBoardڒSupervisoryڒThe ڒrestrictionڒsignificantڒaڒtoڒleadڒwouldڒpointڒthisڒatڒquota ڒtheڒonڒandڒhandڒoneڒtheڒonڒcandidatesڒsuitableڒon ڒcooperationڒfutureڒtheڒquestionڒintoڒcallڒwouldڒother ڒwhoڒBoardڒSupervisoryڒtheڒofڒmembersڒdeservingڒwith ڒKimռڒHyunjooڒMrsڒWithڒCompanyսڒtheڒwithڒfamiliarڒare thereڒisڒcurrentlyڒalreadyڒoneڒwomanڒonڒtheڒSuperviՒ ڒisڒwomenڒofڒproportionڒTheڒCompanyսڒtheڒofڒBoardڒsory ڒս20ٝڒthus

ڒconceptڒdiversityڒtheڒofڒAims

OverallռڒtheڒSupervisoryڒBoardڒpursuesڒtheڒgoalڒofڒoptiՒ ڒfunctionsڒadvisoryڒandڒsupervisoryڒitsڒfulfillingڒmally throughڒtheڒdiversityڒofڒitsڒmembersսڒTheڒdiversityڒinՒ ڒdifferentڒasڒwellڒasڒinternationalityڒparticularڒinڒcludes ڒpreparingڒInڒlifeսڒofڒpathsڒandڒexperienceڒofڒhorizons nominationsڒforڒelectionڒorڒnominationsڒforڒsecondՒ ڒcomplementaryڒdifferentռڒwhichڒtoڒextentڒtheڒmentsռ ڒexperienceڒlifeڒandڒprofessionalڒprofilesռڒprofessional ڒbenefitڒsexesڒbothڒofڒrepresentationڒappropriateڒanڒand ڒonڒassessedڒbeڒshallڒBoardڒSupervisoryڒtheڒofڒworkڒthe ڒbasisսڒcaseՒbyՒcaseڒa

InڒadditionռڒtheڒdifferentڒlivesڒandڒexperiencesڒofڒtheڒinՒ ڒdecisiveڒareڒBoardڒSupervisoryڒtheڒofڒmembersڒdividual inڒanalysingڒcurrentڒchallengesռڒproblemsڒandڒstrateՒ ڒdecisionڒaڒmakingڒandڒperspectivesڒdifferentڒfromڒgies ڒBoardڒSupervisoryڒTheڒCompanyսڒtheڒofڒbestڒtheڒfor pursuesڒtheڒgoalڒofڒalwaysڒbeingڒinڒaڒpositionڒtoڒcomՒ ڒtoڒandڒBoardڒManagingڒtheڒmonitorڒandڒadviseڒpetently adequatelyڒacknowledgeڒandڒaccompanyڒnewڒdevelopՒ ڒڒindustryսڒtheڒinڒments

ڒimplementationڒofڒManner

ڒdiversityڒtheڒaccountڒintoڒtakesڒBoardڒSupervisoryڒThe ڒofڒcandidatesڒproposingڒwhenڒaboveڒdescribedڒaspects theڒelectionڒofڒSupervisoryڒBoardڒmembersսڒTheڒSuperՒ visoryڒBoardڒalsoڒundergoesڒanڒannualڒefficiencyڒreՒ ڒofڒperformanceڒeffectiveڒtheڒonڒfocusesڒauditڒTheڒviewս ڒincludingڒBoardռڒSupervisoryڒtheڒtoڒassignedڒtasksڒthe ڒofڒrulesڒtheڒinڒrulesڒproceduralڒtheڒofڒpracticabilityڒthe ڒtheڒonڒasڒwellڒasڒBoardռڒSupervisoryڒtheڒofڒprocedure ڒfutureռڒtheڒInڒcommitteesսڒtheڒofڒworkڒtheڒofڒefficiency ڒaڒtoڒaccountڒintoڒtakenڒbeڒalsoڒshouldڒaspectsڒdiversity ڒڒextentսڒgreater

Ԩօ Furtherڒdisclosuresڒonڒcorporateڒ ڒgovernance

ڒdealingsڒdirectorsխڒconcerningڒNotification notiՒڒbeenڒnotڒhasڒSEڒAllaneڒyearռڒfinancialڒ2021ڒtheڒIn ڒofڒtransactionsڒsaleڒorڒpurchaseڒreportableڒanyڒofڒfied ڒrelatingڒinstrumentsڒfinancialڒofڒorڒSEڒAllaneڒinڒshares ڒrequirementsڒreportingڒtoڒsubjectڒpersonsڒbyڒthereto ԼdirectorsխڒdealingsڒorڒmanagersխڒtransactionsԽսڒCorreՒ ڒCompanyխsڒtheڒonڒpublishedڒareڒnotificationsڒsponding ڒժDirectorsڒunderڒirսallaneՒmobilityՒgroupսcomڒwebsite ڒڒDealingsիս

ڒԼԥԽڒԧԨڒsectionsڒtoڒpursuantڒDeterminations andڒԢԢԢڒԼԦԽڒAktGڒڒ

ڒtargetڒtheڒsetڒhasڒBoardڒSupervisoryڒtheڒռ2020ڒJuneڒIn ڒSupervisoryڒtheڒonڒwomenڒofڒproportionڒtheڒforڒfigure BoardڒandڒtheڒManagingڒBoardڒatڒ0ٝռڒandڒthusڒnoڒtarՒ ڒtheڒofڒԼԕԽڒ111ڒsectionڒwithڒaccordanceڒinڒfigureռڒget ڒdecidedڒhasڒandڒԼAktGԽڒActڒCorporationڒStockڒGerman ڒԓս202ڒJuneڒ0ԓڒofڒdeadlineڒimplementationڒanڒon

ڒAktGռڒtheڒofڒԼԔԽڒԘԗڒsectionڒwithڒaccordanceڒinڒԘռ201ڒIn ڒproportionڒtheڒforڒtargetsڒtheڒsetڒBoardڒManagingڒthe ofڒwomenڒinڒtheڒfirstڒmanagementڒlevelڒbelowڒtheڒManՒ ڒmanagementڒsecondڒtheڒinڒandڒ20ٝڒtoڒBoardڒaging ڒresolvedڒandڒ0ٝԓڒatڒBoardڒManagingڒtheڒbelowڒlevel ڒս2021ڒJuneڒ0ԓڒbyڒachievedڒbeڒshouldڒtargetsڒbothڒthat ڒSEڒAllaneڒofڒcompaniesڒGroupڒdomesticڒcontextռڒthisڒIn ڒaccountսڒintoڒtakenڒwere

manՒڒfirstڒtheڒinڒwomenڒ20ٝڒofڒproportionڒtargetڒThe ڒmissedսڒwasڒBoardڒManagingڒtheڒbelowڒlevelڒagement ThisڒwasڒmainlyڒdueڒtoڒtheڒhighڒfluctuationڒinڒtheڒComՒ ڒbeingڒfromڒwomenڒfurtherڒpreventedڒwhichڒpanyռ placedڒinڒtheڒfirstڒmanagementڒlevelڒbelowڒtheڒManagՒ ڒ0ٝԓڒofڒproportionڒtargetڒtheڒHoweverռڒBoardսڒing ڒtheڒbelowڒlevelڒmanagementڒsecondڒtheڒinڒwomen ManagingڒBoardڒwasڒachievedڒwithڒԓԗٝսڒڒ

ڒtheڒsetڒagainڒBoardڒManagingڒtheڒռ2021ڒinڒFurthermoreռ ڒfirstڒtheڒinڒwomenڒofڒproportionڒtheڒforڒquotasڒtarget ڒManagingڒtheڒbelowڒlevelsڒmanagementڒsecondڒand ԼsecՒڒ0ٝԓڒandڒlevelԽڒmanagementڒԼfirstڒ20ٝڒatڒBoard ڒsectionڒwithڒaccordanceڒinڒlevelԽڒmanagementڒond ڒshouldڒtargetsڒbothڒthatڒdecidedڒandڒAktGڒtheڒofڒԼԔԽڒԘԗ ڒԗս202ڒJuneڒ0ԓڒbyڒachievedڒbe

ڒwithڒaccordanceڒinڒdeclarationڒgovernanceڒCorporateڒՔڒڒcompanyڒtheڒandڒGroupڒtheڒofڒsituationڒtheڒonڒReportڒManagementڒՔڒB sectionsڒ2ԙԚfڒandڒԓ1ԕdڒofڒtheڒHGBڒ

ڒauditorڒtheڒtoڒrelatingڒDisclosures ڒ2021ڒJuneڒԚ2ڒonڒMeetingڒGeneralڒAnnualڒordinaryڒThe adoptedڒtheڒproposalڒofڒtheڒSupervisoryڒBoardڒtoڒapՒ ڒGmbHռڒPricewaterhouseCoopersڒpoint ڒforڒauditorڒasڒMunichռڒWirtschaftsprüfungsgesellschaftռ ڒMobilityڒAllaneڒtheڒandڒSEڒAllaneڒforڒ2021ڒyearڒfinancial ڒڒGroupս

ڒ2022ڒAprilڒԔ1ڒPullachռ

ڒSEڒAllane

ڒBoardڒManagingڒThe

ڒ ڒ

ڒHernándezڒÁlvaro ڒ ڒ ڒ ڒ ڒ ڒ ڒ ڒ ڒ ڒ ڒ ڒڒڒڒShinڒDonglim

Annual Report 2021 77

İ˷ͣ̇˓ʧɒǸʹɤɒڑ ʅʧ˷Ǹ˷ɆʧǸ˓ڑͣʹǸʹɤ˰ɤ˷ʹͣ

• Iռԏ աڑİ˷ͣ̇˓ʧɒǸʹɤɒڑʧ˷Ɇ̇˰ɤڑͣʹǸʹɤ˰ɤ˷ʹڑǸ˷ɒ ͣʹǸʹɤ˰ɤ˷ʹڑ̇ʅڑɆ̇˰̻ͅɤʔɤ˷ͣʧΤɤڑʧ˷Ɇ̇˰ɤ
• IռԐ աڑİ˷ͣ̇˓ʧɒǸʹɤɒڑȿǸ˓Ǹ˷Ɇɤڑͣʔɤɤʹ
• IռԒ աڑİ˷ͣ̇˓ʧɒǸʹɤɒڑɆǸͣʔڑʅ˓̇ΨڑͣʹǸʹɤ˰ɤ˷ʹ
• Iռԓ աڑİ˷ͣ̇˓ʧɒǸʹɤɒڑͣʹǸʹɤ˰ɤ˷ʹڑ̇ʅڑɆʔǸ˷ʊɤͣ ʧ˷ڑɤ́ʧʹζ
• IռԔ աڑī̇ʹɤͣڑʹ̇ڑʹʔɤڑɆ̇˷ͣ̇˓ʧɒǸʹɤɒڑʅʧ˷Ǹ˷ɆʧǸ˓ ͣʹǸʹɤ˰ɤ˷ʹͣ

ڒandڒstatementڒincomeڒted ConsolidaڒՔڒ1Cսڒ ڒڒincomeڒcomprehensiveڒofڒstatement

ڒ2021ڒDecemberڒ1ԓڒtoڒJanuaryڒ1ڒfromڒperiodڒڒtheڒforڒPullachռڒSEռڒAllaneڒof

ڒStatementڒIncomeڒConsolidated

inڒEURڒthouօڒ	Notes		ԣԡԣԢ		ԣԡԣԡ
Revenueڒ	ՎԥօԢՎ		ԨԥԡքԥԦԡ		ԨԥԨքԨԣԤ
Otherڒoperatingڒincomeڒ	ՎԥօԣՎ		ԩքԡԢԩ		ԢԡքԦԧԧ
Fleetڒexpensesڒandڒcostڒofڒleaseڒassetsڒ	ՎԥօԤՎ		ԥԨԤքԡԪԢ		ԥԨԤքԨԦԩ
Personnelڒexpensesڒ	ՎԥօԥՎ		ԦԡքԡԨԧ		ԥԣքԪԤԥ
aԽڒWagesڒandڒsalariesڒ	ڒ	ԥԣքԪԤԧ		ԤԨքԡԦԡ
bԽڒSocialڒsecurityڒcontributionsڒ	ڒ	Ԩ քԢԥԡ		Ԧքԩԩԥ
Netڒlossesڒarisingڒfromڒtheڒderecognitionڒofڒfinancialڒassetsڒ	ՎԥօԦՎ		ԤքԢԪԡ		ԧքԢԡԤ
NetڒimpairmentڒlossesՎgainڒfromڒfinancialڒassetsڒ	ՎԥօԧՎ		ՔԨԩԩ		ԣքԡԩԥ
Otherڒoperatingڒexpensesڒ	ՎԥօԨՎ		ԤԨքԤԢԡ		ԣԧքԢԦԦ
Earnings beforeڒ interestքڒ ڒtaxesքڒ depreciation ڒandڒ amortisation ڒ ԼEBITDAԽڒ			ԢԩԥքԡԢԤ		ԣԢԢքԥԣԣ
Depreciationڒandڒamortisationڒexpenseڒ	ՎԥօԩՎ		ԢԨԢքԡԢԪ		ԢԪԢքԣԣԩ
aԽڒDepreciationڒofڒleaseڒassetsڒ	ڒ	ԢԧԢքԨԨԤ		ԢԩԨքԢԥԡ
bԽڒDepreciationڒofڒpropertyڒandڒequipmentڒ	ڒ	ԥքԢԨԨ		ԣքԥԨԩ
cԽڒAmortisationڒofڒintangibleڒassetsڒ	ڒ	Ԧ քԡԧԪ		ԢքԧԡԪ
EarningsڒbeforeڒinterestڒandڒtaxesڒԼEBITԽڒ			ԢԣքԪԪԥ		ԣԡքԢԪԥ
Netڒfinanceڒcostsڒ	ՎԥօԪՎ		ՔԧքԩԧԢ		ՔԢԢքԡԩԢ
aԽڒInterestڒincomeڒ	ڒ	ԣԩԪ		ԤԨԪ
bԽڒInterestڒexpenseڒ	ڒ	ՔԨքԤԡԦ		ՔԢԢքԣԩԤ
cԽڒOtherڒnetڒfinancialڒincomeڒ	ڒ	ԢԦԦ		ՔԢԨԨ
EarningsڒbeforeڒtaxesڒԼEBTԽڒ			ԧ քԢԤԤ		ԪքԢԢԥ
Incomeڒtaxڒexpenseڒ	ՎԥօԢԡՎ		ԣԪԦ		ԧքԪԥԢ
Consolidatedڒprofitڒ	/ԥօԢԢ/		ԦքԩԤԩ		ԣքԢԨԤ
ڒ OfڒwhichڒattributableڒtoڒshareholdersڒofڒAllaneڒSEڒ	ڒ		Ԧ քԩԤԩ		ԣքԢԨԤ
ڒڒ EarningsڒperڒshareڒՔڒbasicڒandڒdilutedڒԼinڒEuroԽڒ	ڒ ՎԥօԢԣՎ		ԡօԣԩ		ԡօԢԢ

ڒincomeڒcomprehensiveڒofڒstatementڒConsolidated

inڒEURڒthouօڒ	Notes	ԣԡԣԢ	ԣԡԣԡ
Consolidatedڒprofitڒ	ՎԥօԢԢՎ	ԦքԩԤԩ	ԣքԢԨԤ
ڒڒ OtherڒcomprehensiveڒincomeڒԼnotڒrecognisedڒinڒtheڒincomeڒstatementԽڒ	ڒ ڒ	ԢքԪԢԦ	ԣ
ڒThereof ڒ components thatڒ beڒcouldڒ reclassifiedڒ ڒincomeڒtoڒ inڒstatement ڒfutureڒtheڒ	ڒ
ڒ CurrencyڒtranslationڒgainsՎlossesڒ	ՎԥօԣԣՎ	ԦԪԧ	ԧԡ
ڒ Changeڒofڒderivativeڒfinancialڒinstrumentsڒinڒhedgeڒrelationshipڒ	ڒ	ԢքԧԨԡ	ՔԢԢԣ
ڒ Relatedڒdeferredڒtaxesڒ	ڒ	ՔԤԨԤ	Ԣԣ
Other ڒ ڒchangeڒ	ڒ	Ւ	Ւ
ڒThereof ڒ components thatڒ beڒnotڒwillڒ reclassifiedڒ ڒincomeڒtoڒ inڒstatement ڒfutureڒtheڒ	ڒ
ڒ Remeasurement definedڒofڒ benefitڒ ڒplansڒ	ՎԥօԣԥՎڒ	Ԩԣ	ԧԦ
Related ڒ deferredڒ ڒtaxesڒ	ڒ	Ԧ Ք	ՔԢԤ
Totalڒcomp rehensiveڒincomeڒ		Ԩ քԨԦԤ	ԣքԢԨԦ
whichڒOf ڒ attributableڒ minorityڒtoڒ ڒinterestsڒ	ڒ	Ԫԧ Ԣքԣ	ՔԢԡԢ
whichڒOf ڒ attributableڒ ڒtoڒ shareholders ڒ ڒSEڒAllaneڒof		ԧڒ Ԧԩ քԥ	ԧԨԣքԣ

Cս2ڒՔڒConsolidatedڒbalanceڒsheet

ڒڒ2021ڒDecemberڒ1ԓڒatڒasڒPullachռڒSEռڒAllaneڒof

Notes	ڒDecօڒԤԢ ԣԡԣԢ	ڒDecօڒԤԢ ԣԡԣԡ
ՎԥօԢԤՎ	ԥքԤԡԡ	ԥքԣԪԤ
ՎԥօԢԥՎ	ԣԥքԢԧԩ	ԢԩքԨԡԪ
ՎԥօԢԦՎ	ԣԦքԢԥԩ	ԢԥքԤԨԥ
ՎԥօԢԧՎ	ԪԪԦքԤԨԩ	ԢքԡԪԣքԦԤԦ
ڒ	ԣԧ	ԣԨ
ՎԥօԢԪՎ	ԢքԨԨԨ	ԩԩԩ
ՎԥօԢԡՎ	ԩԢԥ	ԨԪԨ
	ԢքԡԦԢքԧԢԣ	ԢքԢԤԢքԧԣԤ
ՎԥօԢԨՎ	Ԥԩքԥԩԩ	ԦԣքԦԣԨ
ՎԥօԢԩՎ	ԨԦքԣԣԣ	ԧԪքԢԨԤ
ڒ	ԥԪԡ	ԢքԥԧԢ
ՎԥօԢԪՎ	ԣԧքԧԨԪ	ԤԨքԥԪԪ
ڒ	ԧԨ Ԥ	ԨԪԩ
ՎԥօԣԡՎ	ԢքԧԦԦ	ԣքԤԨԥ
	ԢԥԤքԣԡԧ	ԢԧԤքԪԤԢ
ڒ	ԢքԢԪԥքԩԢԩ	ԢքԣԪԦքԦԦԤ
	ڒ

Equityڒandڒliabilities

		ڒDecօڒԤԢ	ڒDecօڒԤԢ
inڒEURڒthouօڒ	Notes	ԣԡԣԢ	ԣԡԣԡ
Equity
Subscribedڒcapital	ՎԥօԣԢՎ	ԣԡքԧԢԣ	ԣԡքԧԢԣ
Capitalڒreserves		ԢԤԦքԡԥԦ	ԢԤԦքԡԥԦ
Otherڒreserves	ՎԥօԣԣՎ	ԧԤքԨԪԦ	ԦԨքԨԦԡ
Minorityڒinterests	ՎԥօԣԤՎ	Ԩԥԡ	ՔԦԦԧ
Totalڒequity		ԣԣԡքԢԪԣ	ԣԢԣքԩԦԢ
NonՒcurrentڒliabilitiesڒandڒprovisions
Provisionsڒforڒpensions	ՎԥօԣԥՎ	ԣԤԨ	ԣԤԣ
Otherڒprovisions	ՎԥօԣԦՎ	ԣԣԧ	ԣԣԧ
Financialڒliabilities	ՎԥօԣԧՎ	ԤԢԥքԧԦԢ	ԧԨԢքԧԪԤ
Otherڒliabilities	ՎԥօԣԪՎ	ԢԡքԦԣԦ	ԢԤքԪԧԣ
Deferredڒtaxڒliabilities	ՎԥօԢԡՎ	ԤԥքԤԥԤ	ԤԧքԤԩԤ
Totalڒnon Ւcurrentڒliabilitiesڒandڒprovisions		ԤԦԪքԪԩԣ	ԨԣԣքԥԪԧ
Currentڒliabilitiesڒandڒprovisions
Otherڒprovisions	ՎԥօԣԦՎ	ԧքԤԥԪ	ԣքԩԦԦ
Incomeڒtaxڒliabilities		ԣքԤԡԤ	ԢքԡԨԨ
Financialڒliabilities	ՎԥօԣԧՎ	ԥԪԡքԢԡԪ	ԣԧԥքԣԡԢ
Tradeڒpayables	ՎԥօԣԩՎ	ԧԦքԧԨԦ	ԥԨքԩԥԪ
ContractڒLiabilities	ՎԥօԤԡՎ	ԢԦքԪԣԤ	ԢԤքԪԨԨ
Liabilitiesڒtoڒaffiliatedڒcompanies	ՎԥօԣԨՎ	ԣԤ	ԣԢ
Otherڒliabilities	ՎԥօԣԪՎ	Ԥԥքԣԧԣ	Ԥԡքԣԣԧ
Totalڒ currentڒliabilitiesڒandڒprovisions		ԧԢԥքԧԥԥ	Ԥԧԡքԣԡԧ
Totalڒequityڒandڒliabilities		ԢքԢԪԥքԩԢԩ	ԢքԣԪԦքԦԦԤ

CսԓڒՔڒConsolidatedڒcashڒflowڒstatement

ڒyearڒfinancialڒ2021ڒtheڒforڒPullachռڒSEռڒAllaneڒof

ڒstatementڒflowڒcashڒConsolidated

inڒEURڒthouօڒ	Notes	ԣԡԣԢ	ԣԡԣԡ
Operating ڒ ڒactivities
Consolidatedڒprofitڒ	ՎԥօԢԢՎ	ԦքԩԤԩ	ԣքԢԨԤ
Incomeڒtaxesڒrecognisedڒinڒincomeڒstatementڒ	ՎԥօԢԡՎ	ԣքԨԤԢ	ԣքԪԢԨ
IncomeڒtaxesڒreceivedՎpaidڒԼnetԽڒ	ڒ	ՔԢքԣԩԡ	ՔԢքԢԥԥ
FinancialڒresultڒrecognisedڒinڒincomeڒstatementԢڒ	ՎԥօԪՎ	ԧքԩԧԢ	ԢԢքԡԩԢ
Interestڒreceivedڒ	ڒ	ԣԢԥ	ԤԪԩ
Interestڒpaidڒ	ڒ	ՔԧքԥԧԪ	ՔԢԣքԢԥԡ
Depreciationڒandڒamortisationڒ	ՎԥօԩՎ	ԢԨԢքԡԢԪ	ԢԪԢքԣԣԩ
Incomeڒfromڒdisposalڒofڒfixedڒassetsڒ	ڒ	ՔԣԢքԡԢԣ	ՔԢքԩԩԤ
OtherڒԼnonՒԽcashڒexpensesڒandڒincomeڒ	ڒ	ՔԢԪքԢԨԦ	ԦքԪԡԡ
Grossڒcashڒflowڒ		ԢԤԩքԨԣԧ	ԢԪԩքԦԤԢ
Proceedsڒfromڒdisposalڒofڒassetsڒ	ڒ	ԣԪԡքԣԧԥ	ԣԧԩքԩԪԢ
thereofڒleasingڒassetsڒ	ڒ	ԣԩԪքԦԦԤ	ԣԧԩքԩԪԢ
thereofڒfixedڒassetsڒ	ڒ	Ԩ ԢԢ	Ւ
Paymentsڒforڒinvestmentsڒinڒleaseڒassetsڒ	ڒ	ՔԤԢԦքԩԥԣ	ՔԥԤԡքԤԣԡ
Changeڒinڒinventoriesڒ	ՎԥօԢԨՎ	Ԣԥքԡԥԡ	ՔԣքԦԣԩ
Changeڒinڒtradeڒreceivablesڒ	ՎԥօԢԩՎ	ՔԧքԡԦԡ	ԢԢքԩԡԪ
Changeڒinڒtradeڒpayablesڒ	ՎԥօԣԩՎ	ԢԨքԩԣԧ	Ԥքԣԧԧ
Changeڒinڒotherڒnetڒassetsڒ	ڒ	ԢԩքԪԦԡ	ՔԩքԦԦԤ
Cashڒinflowڒfromڒoperatingڒactivitiesڒ		ԢԦԨքԪԢԤ	ԥԢքԡԪԧ
ڒڒ ڒInvesting ڒactivities	ڒ
Proceeds fromڒ ڒdisposalڒ intangibleڒof andڒassetsڒ ڒequipmentڒ	ڒ	Ԧ	Ւ
Payments ڒforڒ investments ڒ intangibleڒin andڒassetsڒ ڒequipmentڒ	ڒtoڒՎԥօԢԥՎ
	ՎԥօԢԦՎ	ՔԢԧքԡԪԩ	ՔԪքԢԥԩ
Acquisitionڒofڒaڒbusinessڒ	ՎԥօԢԤՎ	Ւ	ՔԣքԢԡԡ
Cashڒoutflowڒfromڒinvestingڒactivitiesڒ		– ԢԧքԡԪԤ	–ԢԢքԣԥԩ
ڒ ڒ Financing activitiesڒ ڒ
Dividendsڒpaidڒ	ڒ	ՔԥԢԣ	ՔԢԩքԦԦԡ
ProceedsڒfromڒbankڒloansڒԼinclօڒABSՒtransactionԽԣڒ	ՎԥօԣԧՎ	ԢԡքԤԧԡ	ԤԩԡքԧԩԦ
PaymentsڒmadeڒforڒredemptionڒofڒbondsքڒborrowerխsڒnoteڒloansڒandڒbankڒloansڒԼinclօڒABSՒ
transactionԽԤքڒԥڒ	ՎԥօԣԧՎ	ՔԢԥԦքԢԦԡ	ՔԥԡԩքԨԧԧ
ProceedsڒfromڒcurrentڒfinancialڒliabilitiesԦڒ	ՎԥօԣԧՎ	ԣԦքԡԡԡ	ԣԦքԡԡԡ
PaymentsڒmadeڒforڒcurrentڒfinancialڒliabilitiesԦڒ	ՎԥօԣԧՎ	ՔԤԣքԡԡԡ	ՔԪքԡԡԡ
Cashڒoutflowڒfromڒfinancingڒactivitiesڒ		– Ԣԥԣքԣԡԣ	–ԤԡքԧԤԢ
ڒڒ CashՒeffectiveڒchangeڒinڒcashڒandڒcashڒequivalentsڒ	ڒ	– Ԥԩԣ	–ԨԩԤ
Effectڒofڒexchangeڒrateڒchangesڒonڒcashڒandڒcashڒequivalentsڒ	ڒ	ԤԦ	Ԥ
CashڒandڒcashڒequivalentsڒatڒԢڒJanuaryڒ		Ԩ– ԡ	ԨԢԡ
CashڒandڒcashڒequivalentsڒatڒԤԢڒDecember ԧ	/ԥօԣԡ/	–ԥԢԨ	–Ԩԡ

1 ڒinvestmentsڒfromڒincomeڒExcluding ڒ

2 ڒthousandڒ000ռ10ڒEURڒofڒamountڒtheڒinڒcompaniesڒaffiliatedڒofڒfinancingڒfromڒproceedsڒincludeڒtransactionԽڒABSڒԼinclսڒloansڒbankڒfromڒProceeds ڒ Լ2020րڒEURڒ1Ԕ0ռ000ڒthousandԽսڒ

ԓڒ PaymentsڒforڒredemptionڒofڒbondռڒpromissoryڒnoteڒloanڒandڒbankڒloanڒԼinclսڒABSڒtransactionԽڒincludeڒpaymentsڒforڒredemptionڒofڒfinancingڒofڒ affiliatedڒcompaniesڒinڒtheڒamountڒofڒEURڒԕ0ռ000ڒthousandڒԼ2020րڒEURڒ0ڒthousandԽսڒ

ԔڒThisڒincludesڒpaymentsڒfromڒleasingڒliabilitiesڒofڒEURڒ2ռԓԚԘڒthousandڒԼ2020րڒEURڒ1ռԚԘԚڒthousandԽսڒ

ԕ ڒturnoverڒquickڒandڒmonthsڒthreeڒtoڒupڒofڒperiodڒmaturityڒaڒwithڒborrowingsڒShortՒterm ڒ

ԗڒڒ Cashڒandڒcashڒequivalentsڒasڒatڒԓ1ڒDecemberڒ2021ڒconsistڒofڒbankڒbalancesڒԼEURڒ1ռԗԕԕڒthousendԽڒandڒbankڒoverdraftsڒԼEURڒՒ2ռ0Ԙ2ڒthousandԽսڒڒ ڒthousandԽսڒռԔԔԔ2ՒڒԼEURڒoverdraftsڒbankڒandڒthousendԽڒռԓԘԔ2ڒԼEURڒbalancesڒbankڒofڒconsistڒ2020ڒDecemberڒ1ԓڒatڒasڒequivalentsڒcashڒandڒCash

ڒinڒchangesڒofڒstatementڒConsolidatedڒՔڒCսԔ ڒequity

ڒ2021ڒDecemberڒ1ԓڒatڒasڒPullachռڒSEռڒAllaneڒof

ڒequityڒinڒchangesڒofڒstatementڒConsolidated

ڒڒ				Other ڒreservesڒ		ڒEquity attributՒ ڒtoڒable shareՒ ڒholders ڒAllaneڒof SE	ڒMinority interests	ڒTotal equity
				ڒCurrency
in ڒthouօڒEURڒ	Subscribed ڒ capital	ڒCapital reserves	ڒRetained earnings	translation ڒ reserve	ڒOther equity
ԢڒJanօڒԣԡԣԢڒ	ԣԡքԧԢԣ	ԢԤԦքԡԥԦ	ԪքԨԥԦ	ԣքԡԩԤ	ԥԦքԪԣԣ	ԣԢԤքԥԡԨ	–ԦԦԧ	ԣԢԣքԩԦԢ
ڒڒ Consolidatedڒprofitڒ	ڒ Ւ	Ւ	Ւ	Ւ	ԦքԩԤԩ	ԦքԩԤԩ	Ւ	ԦքԩԤԩ
Otherڒcomprehensiveڒincomeڒ	Ւ	Ւ	Ւ	ԦԪԧ	ԣԣ	ԧԢԪ	ԢքԣԪԧ	ԢքԪԢԦ
Dividendsڒpaidڒ	Ւ	Ւ	Ւ	Ւ	ՔԥԢԣ	ՔԥԢԣ	Ւ	ՔԥԢԣ
Transferڒtoڒretainedڒearningsڒ ڒڒ	Ւ ڒ	Ւ	ԢքԤԡԡ	Ւ	ՔԢքԤԡԡ	Ւ	Ւ	Ւ
ԤԢڒDecօڒԣԡԣԢڒ ڒڒ	ԣԡքԧԢԣ ڒ	ԢԤԦքԡԥԦ	ԢԢքԡԥԦ	ԣքԧԨԪ	ԦԡքԡԨԡ	ԣԢԪքԥԦԣ	Ԩԥԡ	ԣԣԡքԢԪԣ
ڒڒ ԢڒJanօڒԣԡԣԡڒ	ڒ ԣԡքԧԢԣ	ԢԤԦքԡԥԦ	ԪքԤԤԨ	ԣքԡԣԤ	ԧԣքԧԧԥ	ԣԣԪքԧԩԢ	–ԥԦԦ	ԣԣԪքԣԣԧ
ڒڒ Consolidatedڒprofitڒ	ڒ Ւ	Ւ	Ւ	Ւ	ԣքԢԨԤ	ԣքԢԨԤ	Ւ	ԣքԢԨԤ
Otherڒcomprehensiveڒincomeڒ	Ւ	Ւ	Ւ	ԧԡ	ԥԤ	ԢԡԤ	ՔԢԡԢ	ԣ
Dividendsڒpaidڒ	Ւ	Ւ	Ւ	Ւ	ՔԢԩքԦԦԡ	ՔԢԩքԦԦԡ	Ւ	ՔԢԩքԦԦԡ
Transferڒtoڒretainedڒearningsڒ ڒڒ	Ւ ڒ	Ւ	ԥԡԩ	Ւ	Քԥԡԩ	Ւ	Ւ	Ւ
ԤԢڒDecօڒԣԡԣԡڒ	ԣԡքԧԢԣ	ԢԤԦքԡԥԦ	ԪքԨԥԦ	ԣքԡԩԤ	ԥԦքԪԣԣ	ԣԢԤքԥԡԨ	–ԦԦԧ	ԣԢԣքԩԦԢ

SeeڒalsoڒNotesڒՑԔս21ՑڒtoڒՑԔս2ԓՑڒ

ڒfinancialڒconsolidatedڒtheڒtoڒNotesڒՔڒCսԕ ڒstatements

ڒyearڒfinancialڒ2021ڒtheڒforڒPullachռڒSEռڒAllaneڒof

1սڒGeneralڒdisclosuresڒ	ԙԔ
1ս1ڒInformationڒaboutڒtheڒcompanyڒ 1ս2ڒGeneralڒdisclosuresڒofڒtheڒconsolidatedڒfinancialڒstatementsڒ	ԙԔ ԙԔ
2սڒConsolidationڒ	ԙԗ
2ս1ڒConsolidatedڒcompaniesڒ 2ս2ڒChangesڒinڒtheڒscopeڒofڒconsolidationڒ 2սԓڒConsolidationڒMethodsڒ 2սԔڒForeignڒcurrencyڒtranslationڒ	ԙԗ ԙԗ ԙԗ ԙԘ
ԓսڒReportingڒandڒvaluationڒmethodsڒ	ԙԙ
ԓս1ڒIncomeڒstatementڒ ԓս2ڒAssetsڒ ԓսԓڒEquityڒandڒliabilitiesڒ ԓսԔڒEstimationڒuncertaintiesڒandڒdiscretionaryڒdecisionsڒ	ԙԙ Ԛ0 Ԛԓ ԚԔ
ڒԔս Explanations ڒandڒ disclosures ڒonڒ individual itemsڒ ڒtheڒofڒ consolidated ڒ statementsڒ	financial ڒ Ԛԗ
Ԕս1ڒIncomeڒstatementڒ 2Ԕս Balanceڒ ڒSheetڒ ڒԔսԓ Additional ڒ Disclosures ڒonڒ Financial ڒ Instruments ڒ	Ԛԗ 101 110
ԕսڒOtherڒdisclosuresڒ	11ԙ
ԕս1ڒSegmentڒreportingڒ ԕս2ڒContingentڒliabilitiesڒandڒotherڒfinancialڒobligationsڒ ԕսԓڒShareՒbasedڒpaymentsڒ ԕսԔڒRelatedڒpartyڒdisclosuresڒ ԕսԕڒProposalڒforڒallocationڒofڒunappropriatedڒprofitڒ ԕսԗڒSubstantialڒeventsڒafterڒtheڒreportingڒdateڒ ԕսԘڒDeclarationڒofڒconformityڒinڒaccordanceڒwithڒsectionڒ1ԗ1ڒofڒtheڒAktGڒ	11ԙ 11ԙ 11Ԛ 11Ԛ 12ԓ 12Ԕ 12Ԕ

Ԣօ Generalڒdisclosuresڒ

ԢօԢ Informationڒaboutڒtheڒcompanyڒ

AllaneڒSEڒԼformerրڒSixtڒLeasingڒSEԽռڒdomiciledڒinڒDrսՒ CarlՒvonՒLindeՒStraßeڒ2ռڒԙ20ԔԚڒPullachռڒGermanyռڒisڒ ڒtheڒatڒregisterڒcommercialڒtheڒofڒBڒsectionڒinڒregistered ڒdocketڒtheڒunderڒԼAmtsgerichtԽռڒCourtڒLocalڒMunich numberڒ22Ԙ1ԚԕսڒTheڒcompanyڒwasڒfoundedڒinڒ1ԚԘԕڒinڒ ڒbeenڒhasڒandڒGmbHիڒCGڒGaragenڒժCentralڒasڒMunich ڒAutolandڒժSixtڒnameڒtheڒunderڒԓ200ڒsinceڒtrading ڒtoڒcloseڒGarchingڒinڒofficeڒregisteredڒitsڒwithڒGmbHի ڒhasڒbusinessڒleasingڒoperativeڒGroupխsڒSixtڒMunichս ڒԚԙԙ1ڒsinceڒGmbHիڒLeasingڒժSixtڒtheڒbyڒoverseenڒbeen andڒafterڒitsڒchangeڒofڒlegalڒformڒintoڒaڒstockڒcorporaՒ ڒLeasingڒժSixtڒԔ200ڒInڒAGիսڒLeasingڒժSixtڒnameڒtheڒbyڒtion ڒGmbHիսڒAutolandڒժSixtڒpreviousڒtheڒwithڒmergedڒAGի ڒlegalڒitsڒchangedڒGmbHիڒAutolandڒժSixtڒSubsequently ڒoperateڒtoڒcontinuedڒandڒcorporationڒstockڒaڒtoڒform ڒfloatedڒCompanyڒTheڒAGիսڒLeasingڒժSixtڒnameڒtheڒunder onڒtheڒstockڒmarketڒinڒMayڒ201ԕսڒByڒapprovalڒofڒtheڒAnՒ ڒAGիڒLeasingڒժSixtڒԗ201ڒJuneڒ1ڒonڒMeetingڒGeneralڒnual wasڒtransformedڒbyڒwayڒofڒchangingڒtheڒlegalڒformڒacՒ SEՒڒԓԘڒarticleڒwithڒconjunctionڒinڒԼԔԽڒ2ڒarticleڒtoڒcording ڒtheڒԗ201ڒJulyڒԕ2ڒOnڒSEիսڒLeasingڒժSixtڒtoڒRegulation ڒregisterսڒcommercialڒtheڒinڒregisteredڒwasڒCompany ڒresolvedڒ2021ڒJuneڒԚ2ڒonڒMeetingڒGeneralڒAnnualڒThe ڒnewڒTheڒSEծսڒծAllaneڒtoڒnameڒCompanyխsڒtheڒchangeڒto companyڒnameڒծAllaneڒSEծڒwasڒenteredڒinڒtheڒcommerՒ ڒbeenڒhasڒCompanyڒTheڒս2021ڒAugustڒԕڒonڒregisterڒcial ڒperiodսڒindefiniteڒanڒforڒestablished

InڒaccordanceڒwithڒitsڒArticlesڒofڒAssociationռڒtheڒobՒ ڒleasingڒtheڒԼaԽڒisڒCompanyڒtheڒofڒpurposeڒandڒject ڒandڒroadڒotherڒandڒVehiclesڒmotorڒtoڒrelatingڒbusiness ڒbikesڒandڒeՒbikesڒparticularռڒinڒincludingռڒVehiclesڒland ԼhereinafterڒcollectivelyڒկVehiclesհԽڒandڒVehicleڒaccesՒ ڒVehiclesڒofڒuseڒgrantڒotherwiseڒtoڒԼbԽڒlessorռڒaڒasڒsories ڒfleetsڒVehicleڒofڒadministrationڒtheڒԼcԽڒpaymentռڒagainst ڒmanagementԽռڒfleetڒԼVehicleڒaccessoriesڒVehicleڒand ڒleasingڒagreementsռڒpurchaseڒofڒbrokerageڒtheڒԼdԽ ڒuseڒofڒgrantڒtheڒregardingڒagreementsڒagreementsռ againstڒpaymentڒasڒwellڒasڒinsurancesڒrelatingڒtoڒVehiՒ ڒofռڒexploitationڒtheڒԼeԽڒgoodsռڒVehicleՒrelatedڒandڒcles ڒlubricantsռڒpartsռڒspareڒandڒvehiclesڒwithռڒtradeڒtheڒand fuelsռڒandڒprocessڒmaterialsڒasڒwellڒasڒvehicleڒaccessoՒ riesռڒԼfԽڒtheڒperformanceڒandڒbrokerageڒofڒmobilityڒserՒ ڒtheڒԼgԽڒasڒwellڒasڒservicesփڒVehicleՒrelatedڒandڒvices ڒspacesսڒadvertisingڒonlineڒofڒdistributionڒandڒsale

ڒtransactionsڒallڒoutڒcarryڒtoڒentitledڒisڒCompanyڒThe ڒaforementionedڒtheڒtoڒrelatedڒareڒthatڒmeasuresڒand ڒserveڒtoڒsuitableڒotherwiseڒareڒthatڒorڒareasڒactivity theڒbusinessڒpurposeڒdirectlyڒorڒindirectlyս

ڒpermanentڒandڒbranchesڒestablishڒmayڒCompanyڒThe establishmentsڒinڒGermanyڒandڒabroadռڒestablishռڒacՒ ڒandڒGermanyڒinڒcompaniesڒotherڒinڒparticipateڒorڒquire ڒinڒparticipateڒorڒacquireڒestablishռڒasڒwellڒasڒabroadռ ڒmanageڒandڒabroadڒandڒGermanyڒinڒcompaniesڒsuch ڒbusinessڒtheڒtoڒapplicableڒlimitsڒTheڒcompaniesսڒsuch activitiesڒofڒtheڒCompanyڒshallڒalsoڒapplyڒtoڒtheڒbusiՒ nessڒactivitiesڒofڒsubsidiariesڒandڒassociatedڒcompaՒ ڒniesս

ڒoperationsڒitsڒpursueڒfurthermoreڒmayڒCompanyڒThe ڒassociatedڒorڒsubsidiariesڒthroughڒpartiallyڒorڒfully ڒtoڒentitledڒespeciallyڒisڒCompanyڒTheڒcompaniesս transferڒorڒassignڒpartiallyڒorڒfullyڒitsڒoperationsڒtoڒsubՒ ڒcanڒCompanyڒTheڒcompaniesսڒassociatedڒorڒsidiaries ڒofڒpurposeڒspecificڒorڒoneڒtoڒactivitiesڒbusinessڒitsڒlimit ڒaڒofڒactivityڒtheڒtoڒalsoڒandڒobjectsռڒaforementionedڒthe ڒotherڒofڒadministrationڒtheڒandՎorڒcompanyڒholding ڒassetsսڒown

ڒcapitalڒsubscribedڒCompanyիsڒtheڒdateռڒreportingڒtheڒAt amountedڒtoڒEURڒ20ռԗ11ռԕԚԓս00սڒItڒisڒdividedڒintoڒ 20ռԗ11ռԕԚԓڒordinaryڒbearerڒsharesսڒAllڒsharesڒareڒnoՒparڒ ڒupսڒpaidڒfullyڒbeenڒhaveڒsharesڒAllڒsharesսڒbearerڒvalue

ڒholdsڒԼHCBEԽڒGmbHڒEuropeڒBankڒCapitalڒHyundaiڒThe ڒandڒsharesڒordinaryڒtheڒofڒ2ٝԚڒthanڒmoreڒmarginally votingڒrightsڒinڒAllaneڒSEռڒmakingڒitڒtheڒbiggestڒshareՒ holderڒandڒparentڒcompanyڒofڒAllaneڒSEսڒHCBEڒisڒdomiՒ ڒofڒventureڒjointڒaڒisڒandڒMainڒamڒFrankfurtڒinڒciled ڒandڒMönchengladbachռڒAGռڒBankڒConsumerڒSantander ڒparentڒTheڒKoreaսڒSeoulռڒIncսռڒServicesڒCapitalڒHyundai companyڒandڒultimateڒparentڒofڒtheڒGroupڒthatڒpreՒ ڒforڒstatementsڒfinancialڒannualڒconsolidatedڒtheڒpares ڒSantanderڒBancoڒisڒcompaniesڒofڒgroupڒlargestڒthe SսAսռڒSantanderռڒSpainսڒTheseڒconsolidatedڒannualڒfiՒ nancialڒstatementsڒareڒpublishedڒinڒtheڒelectronicڒFedՒ ڒGazetteսڒeral

Ԣօԣ Generalڒdisclosuresڒofڒtheڒconsolidatedڒ ڒstatementsڒfinancial

ڒatڒasڒSEڒAllaneڒofڒstatementsڒfinancialڒconsolidatedڒThe ڒaccordanceڒinڒpreparedڒbeenڒhaveڒ2021ڒDecemberڒ1ԓ ڒԼIFRSԽռڒStandardsڒReportingڒFinancialڒInternationalڒwith

ڒcommercialڒapplicableڒtheڒandڒEUڒtheڒbyڒadoptedڒas lawڒregulationsڒaccordingڒtoڒsectionڒԓ1ԕeڒԼ1Խڒofڒtheڒ ڒCodeԽսڒCommercialڒԼGermanڒHGB

TheڒconsolidatedڒfinancialڒstatementsڒhaveڒbeenڒpreՒ ڒcostsڒproductionڒandڒacquisitionڒhistoricalڒtheڒonڒpared ڒthatڒinstrumentsڒfinancialڒcertainڒareڒExcludedڒbasisս ڒdateսڒreportingڒofڒasڒvalueڒfairڒatڒmeasuredڒbeenڒhave ڒsectionsڒtheڒinڒgivenڒareڒexplanationsڒappropriateڒThe entitledڒժReportingڒandڒvaluationڒmethodsիڒandڒժAddiՒ ڒڒinstrumentsիսڒfinancialڒonڒdisclosuresڒtional

ڒpreparedڒbeenڒhasڒstatementڒincomeڒconsolidatedڒThe ڒmethodսڒexpenseԽڒofڒԼnatureڒcostڒtotalڒtheڒusing

ڒUnlessڒԼEURԽսڒEuroڒisڒSEڒAllaneڒofڒcurrencyڒGroupڒThe specifiedڒotherwiseڒtheڒamountsڒpresentedڒinڒtheڒconՒ ڒthousandիսڒժEURڒinڒareڒstatementsڒfinancialڒsolidated ڒinڒfiguresڒindividualڒthatڒpossibleڒisڒitڒroundingڒtoڒDue ڒupڒaddڒnotڒdoڒstatementsڒfinancialڒconsolidatedڒthese ڒtheڒreasonռڒsameڒtheڒForڒshownսڒtotalsڒtheڒtoڒexactly ڒexactlyڒalwaysڒnotڒmayڒpresentedڒfiguresڒpercentage ڒrelateսڒtheyڒwhichڒtoڒfiguresڒabsoluteڒtheڒreflect

TheڒannualڒfinancialڒstatementsڒofڒAllaneڒSEռڒtheڒconՒ ڒmanagementڒtheڒandڒstatementsڒfinancialڒsolidated

ڒareڒsituationڒCompanyիsڒtheڒandڒGroupիsڒtheڒonڒreport ڒԼBundesanzeigerԽսڒGazetteڒFederalڒtheڒinڒpublished

ڒexistingڒtoڒrevisionsڒandڒamendmentsڒfollowingڒThe ڒtheڒforڒapplicableռڒwhereڒeffectiveռڒbecameڒstandards ڒstatementsڒfinancialڒconsolidatedڒGroupڒMobilityڒAllane ڒր2021ڒJanuaryڒ1ڒofڒas

• ڒandڒԔڒIFRSڒԘռڒIFRSڒԓԚռڒIASڒԚռڒIFRSڒtoڒAmendments ڒڒ2ڒPhaseڒՔڒReformڒBenchmarkڒRateڒInterestڒՔڒԗ1ڒIFRS
• AmendmentsڒtoڒIFRSڒ1ԗڒՔڒCOVIDՒ1ԚՒRelatedڒRentڒ ڒ2020ڒJuneڒ0ԓڒafterڒConcessions

AmendmentڒtoڒIFRSڒ1ԗڒՔڒCOVIDՒ1ԚՒRelatedڒRentڒConՒ ڒrelevanceռڒofڒlackڒtoڒdueڒր2020ڒJuneڒ0ԓڒafterڒcessions ڒappliedսڒnotڒisڒamendmentڒthis

TheڒamendmentsڒandڒinterpretationsڒhadڒnoڒorڒnoڒmaՒ terialڒimpactڒonڒtheڒfinancialڒpositionڒandڒfinancialڒreՒ ڒGroupսڒMobilityڒAllaneڒtheڒofڒsults

TheڒfollowingڒnewڒandՎorڒamendedڒstandardsՎinterpreՒ tationsڒhaveڒbeenڒratifiedڒbyڒIASBڒbutڒareڒnotڒyetڒmanՒ ڒregulationsڒtheseڒappliedڒnotڒhasڒCompanyڒTheڒdatoryս ڒprematurelyր

ڒStandardՎ Interpretation ڒ		commission	Applicableڒasڒat
IFRSڒԢԨڒ	InsuranceڒContractsڒ	Yes	ԢڒJanօڒԣԡԣԤ
Amendments ڒԨԢڒIFRSڒtoڒ	Initial Applicationڒ ԨԢڒIFRSڒofڒ ԪڒIFRSڒandڒ ՖComparative ڒ ڒInformation	No	ԢڒJanօڒԣԡԣԤ
AmendmentsڒtoڒIASڒԢڒ	ClassificationڒofڒliabilitiesڒasڒcurrentڒorڒnonՒcurrentڒ	No	ԢڒJanօڒԣԡԣԤ
Amendments IASڒtoڒ ڒIFRSڒandڒԢڒ Practice Statementڒ ڒԣڒ	DisclosureڒofڒAccountingڒPoliciesڒ	No	ԢڒJanօڒԣԡԣԤ
AmendmentsڒtoڒIASڒԩڒڒ	DefinitionڒofڒAccountingڒEstimatesڒ	No	ԢڒJanօڒԣԡԣԤ
Amendments ڒԢԣڒIASڒtoڒ	Deferred Taxڒ toڒrelatedڒ andڒAssetsڒ Liabilitiesڒ ڒarisingڒ from ڒSingleڒaڒ ڒTransaction	No	ԢڒJanօڒԣԡԣԤ
Amendments ڒԧԢڒIASڒtoڒ	Propertyք andڒPlantڒ Equipmentڒ ProceedsڒՔڒ ڒbeforeڒ Intended ڒUseڒ	Yes	ԢڒJanօڒԣԡԣԣ
AmendmentsڒtoڒIFRSڒԤڒ	Conceptualڒframeworkڒ	Yes	ԢڒJanօڒԣԡԣԣ
AmendmentsڒtoڒIASڒԤԨڒ	Provisionsڒcontingentڒliabilitiesڒandڒcontingentڒassets	Yes	ԢڒJanօڒԣԡԣԣ
AmendmentsڒtoڒIFRSڒԢԡڒandڒIASڒԣԩ	Salesڒorڒcontributionsڒofڒassetsڒbetweenڒanڒinvestorڒ ڒitsڒand associateՎjoint ڒventureڒ	No	Deferredڒ indefinitely
AmendmentsڒtoڒIFRSڒԢԧڒ	COVIDՒԢԪՒRelatedڒRentڒConcessionsڒafterڒԤԡڒJuneڒ ڒԣԡԣԢ	Yes	ԢڒAprօڒԣԡԣԢ
AnnualڒImprovementsڒProjectڒ	AnnualڒimprovementsڒtoڒIFRSڒStandardsڒԣԡԢԩՒԣԡԣԡڒ	Yes	ԢڒJanօڒԣԡԣԣ

ڒEuropeanڒbyڒAdoption

ڒapplicationڒtheڒfromڒexpectedڒareڒchangesڒmaterialڒNo ڒstandardsڒamendedڒandՎorڒnewڒpublishedڒotherڒtheڒof ڒtoڒplansڒnoڒcurrentlyڒareڒThereڒinterpretationsսڒand

applyڒanyڒofڒtheڒnewڒorڒamendedڒstandardsڒandڒinterՒ ڒprematurelyսڒpretations

ԣօ Consolidationڒ

ԣօԢ Consolidatedڒcompaniesڒ

ڒtheڒfromڒderivesڒcompaniesڒconsolidatedڒofڒscopeڒThe stateՒڒfinancialڒConsolidatedڒ10ڒIFRSڒofڒapplication ڒarrangementsսڒJointڒ11ڒIFRSڒandڒments

ڒasڒandڒcompanyڒleasingڒoperativeڒanڒasڒactsڒSEڒAllane ڒSEڒAllaneڒGroupսڒMobilityڒAllaneڒtheڒofڒcompanyڒparent ڒsubsidiariesڒfollowingڒtheڒinڒshareholdingsڒ100ٝڒholds ڒfinancialڒconsolidatedڒtheڒinڒconsolidatedڒareڒthat ڒstatementsր

• autohaus2ԔڒGmbHռڒPullachՎGermanyڒ
• ڒPullachՎGermanyڒGmbHռڒConsultingڒMobilityڒAllane ڒGmbHԽڒConsultingڒMobilityڒSixtڒԼformerր
• ڒRostockՎGermanyڒKGռڒCoսڒԱڒGmbHڒServicesڒAllane ڒCoսڒԱڒGmbHڒDienstleistungenڒLeasingڒSXTڒԼformerly ڒKGԽ
• ڒSixtڒԼformerրڒUrdorfՎSwitzerlandڒAGռڒԼSchweizԽڒAllane ڒAGԽڒԼSchweizԽڒLeasing
• ڒUrdorfՎSwitzerlandڒAGռڒConsultingڒMobilityڒAllane ڒAGԽڒConsultingڒMobilityڒSixtڒԼformerր
• AllaneڒLocationڒLongueڒDuréeڒSARLռڒRueilՒMalmaiՒ ڒDuréeڒLongueڒLocationڒSixtڒԼformerlyڒsonՎFrankreich ڒSARLԽ
• ڒSixtڒԼformerlyڒVösendorfՎAustriaڒGսmսbսHսռڒAllane ڒGսmսbսHսԽڒLeasing
• AllaneڒMobilityڒConsultingڒBսVսռڒHoofddorpՎNetherՒ ڒBսVսԽڒConsultingڒMobilityڒSixtڒԼformerlyڒlands

ڒtheڒwhichڒinڒLuxembourgռڒSսAսռڒValleyڒIsarڒAdditionallyռ ڒisڒռ0ٝڒofڒinterestڒequityڒanڒholdsڒGroupڒMobilityڒAllane ڒIFRSڒtoڒaccordingڒcontrolڒofڒbecauseڒconsolidatedڒfully ڒGroupڒMobilityڒAllaneڒtheڒbecauseڒexistsڒControlڒս10 ڒSսAսڒValleyڒIsarڒofڒactivitiesڒrelevantڒtheڒoverڒpowerڒhas dueڒtoڒtheڒstructureڒofڒIsarڒValleyڒSսAսڒandڒtheڒoperatՒ ڒdependentڒareڒLuxembourgڒValleyռڒIsarڒofڒactivitiesڒing ڒAllaneڒtheڒFurthermoreռڒGroupսڒMobilityڒAllaneڒtheڒon ڒfromڒreturnsڒvariableڒtoڒexposedڒisڒGroupڒMobility ڒaffectսڒcanڒitڒwhichڒactivitiesռڒthese

ڒinterestsڒholdsڒfurthermoreڒGroupڒMobilityڒAllaneڒThe inڒtheڒfollowingڒcompaniesռڒwhichڒdueڒtoڒtheirڒlowڒoperՒ ڒofڒbecauseڒconsolidatedڒbeenڒnotڒhaveڒactivitiesڒating theirڒinsignificanceڒinڒtheڒaggregateڒforڒtheڒpresentaՒ ڒfinancialڒassetsռڒnetڒtheڒofڒviewڒfairڒandڒtrueڒaڒofڒtion ڒcashڒtheڒasڒwellڒasڒoperationsڒofڒresultsڒandڒposition ڒrevenueڒcombinedڒTheڒGroupսڒMobilityڒAllaneڒofڒflows consoliՒڒofڒ1ٝڒthanڒlessڒtoڒamountsڒcompaniesڒtheseڒof ڒrevenueսڒdated

ڒڒshareholdingsրڒofڒList

			ڒEquity
Nameڒ	Domicile	Equity	interest	Annualڒresult
Allane Mobilityڒ Consultingڒ Österreichڒ ڒڒGmbHڒ
ԼformerlyڒSixtڒMobilityڒConsultingڒÖsterreichڒGmbHԽڒ	VösendorfՎAustria	ՔԦԤԣքԪԩԣڒEUR	Ԣԡԡօԡٝ	ՔԪԢքԥԡԪڒEUR
Allane Mobilityڒ Consultingڒ ڒڒSARLڒ
ԼformerlyڒSixtڒMobilityڒConsultingڒSARLԽڒ	RueilՒMalmaisonՎFrance	ՔԢքԡԥԥքԩԤԩڒEUR	Ԣԡԡօԡٝ	ՔԤԡԣքԡԢԢڒEUR
Allane ڒServiceڒ Verwaltungs ڒڒGmbHڒ
ԼformerlyڒSXTڒLeasingڒVerwaltungsڒGmbHԽڒ	RostockՎGermany	ԣԧքԥԢԩڒEUR	Ԣԡԡօԡٝ	ՔԢԣԦڒEUR

ڒAllaneڒHGBռڒtheڒofڒԗԔb2ڒsectionڒwithڒaccordanceڒIn ڒtheڒfromڒexemptڒisڒRostockռڒKGռڒCoսڒԱڒGmbHڒServices ڒstatementsڒfinancialڒannualڒpublishڒandڒprepareڒtoڒduty ڒcorporationsսڒtoڒapplicableڒprovisionsڒtheڒunder

ԣօԣ Changesڒinڒtheڒscopeڒofڒconsolidationڒ

ڒnoڒbeenڒhaveڒthereڒռ2020ڒofڒendڒtheڒtoڒCompared ڒMobilityڒAllaneڒofڒconsolidationڒofڒscopeڒtheڒinڒchanges ڒڒGroupս

ԣօԤ ConsolidationڒMethodsڒ

ڒtheڒinڒincludedڒstatementsڒfinancialڒsingleՒentityڒThe consolidatedڒfinancialڒstatementsڒareڒuniformlyڒpreՒ ڒpoliciesڒaccountingڒIFRSڒtheڒwithڒaccordanceڒinڒpared applicableڒtoڒtheڒAllaneڒMobilityڒGroupڒasڒatڒtheڒbalՒ ڒnecessaryռڒWhereڒս2021ڒDecemberڒ1ԓڒdateڒsheetڒance ڒtheڒofڒstatementsڒfinancialڒsingleՒentityڒthe

ԙԗ ڒ2021ڒReportڒAnnual ڒgroupڒmobilityڒallane

ڒintoڒthemڒbringڒtoڒadjustedڒareڒcompaniesڒconsolidated ڒGroupսڒtheڒwithinڒusedڒpoliciesڒaccountingڒtheڒwithڒline

ڒGroupڒtheڒwhichڒinڒcompaniesڒthoseڒareڒSubsidiaries ڒtheirڒdirectڒtoڒabilityڒtheڒitڒgiveڒthatڒrightsڒexistingڒhas ڒactivitiesڒtheڒareڒactivitiesڒmainڒTheڒactivitiesսڒmain ڒtheڒofڒprofitabilityڒtheڒonڒimpactڒmaterialڒaڒhaveڒthat ڒtoڒexposedڒisڒGroupڒtheڒifڒexistsڒthusڒControlڒcompanyս ڒcompanyڒaڒwithڒrelationshipڒtheڒfromڒreturnsڒvariable ڒtheڒitڒgivesڒactivitiesڒrelevantڒtheڒoverڒpowerڒitsڒand ڒtheڒGenerallyռڒreturnsսڒtheseڒinfluenceڒtoڒopportunity possibilityڒofڒcontrolڒisڒbasedڒonڒaڒdirectڒorڒindirectڒmaՒ ڒareڒSubsidiariesڒSEսڒAllaneڒbyڒrightsڒvotingڒtheڒofڒjority ڒofڒpossibilityڒtheڒwhichڒonڒdateڒtheڒfromڒconsolidated ڒwhenڒconsolidatedڒlongerڒnoڒareڒTheyڒexistsսڒcontrol ڒexistսڒtoڒceasesڒpossibilityڒthis

ڒaccordanceڒinڒperformedڒareڒcombinationsڒBusiness ڒtoڒcombinationsڒbusinessڒrequiresڒwhichڒԓռڒIFRSڒwith ڒAssetsڒmethodսڒacquisitionڒtheڒusingڒforڒaccountedڒbe ڒatڒrecognisedڒbeڒgenerallyڒmustڒacquiredڒliabilitiesڒand fairڒvalueսڒAnyڒexcessڒofڒtheڒcostڒofڒtheڒbusinessڒcomՒ ڒofڒvaluesڒfairڒnetڒtheڒofڒshareڒGroupիsڒtheڒoverڒbination ڒliabilitiesڒcontingentڒandڒliabilitiesڒassetsռڒacquireeիsڒthe ڒgoodwillڒasڒrecognisedڒisڒtransferredԽڒԼconsideration ڒatڒandڒbasisռڒregularڒaڒonڒimpairmentڒforڒtestedڒand leastڒonceڒaڒyearսڒTheڒconsiderationڒtransferredڒinՒ ڒtransferredڒassetsڒtheڒofڒvalueڒfairڒtheڒmainlyڒcludes ԼeսgսڒnominalڒvaluesڒofڒmeansڒofڒpaymentԽսڒAcquisitionՒ ڒtheyڒwhenڒexpensesڒasڒrecognizedڒbeڒwillڒcostsڒrelated ڒaccrueս

ڒcombinationڒbusinessڒaڒfromڒliabilitiesڒandڒassetsڒThe whichڒareڒrecognisedڒatڒtheirڒfairڒvaluesڒareڒdepreciՒ ڒIfڒlivesսڒusefulڒapplicableڒtheirڒoverڒamortisedڒorڒated theyڒhaveڒanڒindefiniteڒusefulڒlifeռڒanyڒneedڒtoڒrecogՒ ڒsameڒtheڒusingڒdeterminedڒisڒlossesڒimpairmentڒnise ڒgoodwillսڒforڒasڒmethod

InڒtheڒeventڒthatڒsignificantڒpartsڒofڒaڒcompanyڒareڒacՒ ڒsharesռڒofڒacquisitionڒanڒwithoutڒdealԽڒԼassetڒquired ڒonlyڒnotڒifڒaboveռڒdescribedڒasڒappliedڒbeڒtoڒisڒԓڒIFRS anڒassetڒorڒaڒgroupڒofڒassetsڒisڒpurchasedռڒbutڒaڒbusiՒ nessڒoperationڒԼbusinessԽսڒAڒbusinessڒoperationڒconՒ ڒprocessesռڒapplicableڒtheڒandڒinputڒresourceڒofڒsists ڒڒservicesսڒdeliverڒcanڒwhich

ڒtheڒwithڒaccordanceڒinڒrecognisedڒareڒventuresڒJoint ڒ11ڒIFRSڒinڒregulationsڒtheڒtoڒpursuantڒmethodڒatՒequity ڒԙս2ڒIASڒasڒwellڒas

ڒofڒcourseڒtheڒinڒeliminatedڒareڒtransactionsڒIntraՒGroup ڒandڒliabilitiesڒreceivablesռڒSignificantڒconsolidationս ڒoffsetڒareڒcompaniesڒconsolidatedڒbetweenڒprovisions ڒandڒprofitsڒinterՒcompanyڒandڒotherռڒeachڒagainst ڒoffsetڒisڒincomeڒIntraՒGroupڒeliminatedսڒareڒlosses ڒڒexpensesսڒcorrespondingڒtheڒagainst

ԣօԥ Foreignڒcurrencyڒtranslationڒ

TheڒfinancialڒstatementsڒofڒconsolidatedڒforeignڒsubՒ ڒcurrencyڒfunctionalڒtheڒusingڒtranslatedڒareڒsidiaries ڒeachڒinڒisڒcurrencyڒfunctionalڒsubsidiariesիڒTheڒconceptս caseڒtheڒlocalڒcurrencyռڒasڒtheڒsubsidiariesڒoperateڒinՒ dependentlyڒinڒtheirڒrespectiveڒmarketsսڒAssetsڒandڒliaՒ ڒatڒequityڒrateռڒclosingڒtheڒatڒtranslatedڒareڒbilities ڒatڒtranslatedڒareڒitemsڒstatementڒIncomeڒratesսڒhistoric ڒdifferenceڒresultingڒTheڒyearսڒtheڒforڒratesڒaverageڒthe ڒotherڒtheڒinڒrecognisedڒisڒrateڒclosingڒtheڒagainstڒas ڒasڒequityڒinڒaccumulatedڒandڒincomeڒcomprehensive ڒdifferencesսڒtranslationڒcurrency

GoodwillڒarisingڒoutڒofڒtheڒacquisitionڒofڒaڒforeignڒbusiՒ ڒtheڒtoڒadjustmentsڒvalueڒfairڒanyڒandڒoperationڒness identifiableڒassetsڒandڒliabilitiesڒwillڒbeڒtreatedڒasڒasՒ setsڒandڒliabilitiesڒofڒtheڒforeignڒoperationڒandڒtransՒ ڒfromڒdifferencesڒresultingڒTheڒrateսڒclosingڒtheڒatڒlated ڒtranslationڒcurrencyڒtheڒinڒrecognisedڒareڒtranslation ڒreserveս

ڒcurrencyڒforڒappliedڒԽ1ڒEURڒ֓ԼڒratesڒexchangeڒThe ڒbelowրڒtableڒtheڒinڒshownڒareڒpurposesڒtranslation

ڒExchange ڒrates	Closing	ڒrateڒ	Average ڒrateڒ
	ڒDecօڒԤԢ ԣԡԣԢ	ڒDecօڒԤԢ ԣԡԣԡ	ԣԡԣԢ	ԣԡԣԡ
SwissڒFrancs	ԢօԡԤԤԢԡ	Ԣօԡԩԡԣԡ	ԢօԡԨԪԩԩ	ԢօԡԨԡԨԦ

Ԥօ Reportingڒandڒvaluationڒmethodsڒ

ԤօԢ Incomeڒstatementڒ

ڒRevenue

ڒactsڒGroupڒMobilityڒAllaneڒtheڒcustomersڒitsڒTowards ڒclassifiedڒtransactionsڒleasingڒforڒlessorڒasڒessentially asڒoperatingڒleasesսڒAtڒtheڒstartڒofڒtheڒleasingڒrelationՒ ڒcriteriaڒnecessaryڒallڒchecksڒGroupڒMobilityڒAllaneڒship underڒIFRSڒ1ԗڒtoڒclassifyڒtheڒleasingڒrelationshipڒacՒ ڒrataڒproڒrecognisedڒareڒrevenuesڒLeasingڒcordinglyս overڒtheڒtermڒofڒtheڒrespectiveڒleasingڒrelationսڒReveՒ ڒconsiderationڒtheڒofڒvalueڒfairڒtheڒatڒmeasuredڒisڒnue receivedڒorڒreceivableڒandڒequalsڒtheڒamountڒtoڒbeڒexՒ ڒofڒcourseڒtheڒinڒprovidedڒservicesڒandڒgoodsڒforڒpected ordinaryڒoperatingڒactivitiesսڒRevenueڒamountsڒgenerՒ ڒpaymentռڒleaseڒspecialڒasڒleaseڒtheڒofڒstartڒtheڒatڒated ڒaڒonڒlossڒandڒprofitڒinڒrecognisedڒandڒdeferredڒare straightՒlineڒbasisڒoverڒtheڒperiodڒofڒtheڒleasingڒconՒ ڒڒtermսڒtract

ڒwithڒcontractsڒfullՒserviceڒhasڒGroupڒMobilityڒAllane customersռڒwhichڒincludeڒlumpՒsumڒandڒconstantڒpayՒ ڒperiodսڒcontractڒtheڒduringڒservicesڒfullڒtheڒforڒments ڒexampleռڒforڒrepresentռڒactivitiesڒfullՒserviceڒThese maintenanceڒandڒtyreڒchangeڒservicesսڒRevenueڒrecogՒ ڒspecificڒtheڒwhenڒtimeڒinڒpointڒtheڒatڒplaceڒtakesڒnition serviceڒisڒprovidedսڒUntilڒtheڒtimeڒtheڒserviceڒperforՒ ڒpaymentsڒcustomerխsڒtheڒsatisfiedռڒisڒobligationڒmance ڒԼdownՒpaymentڒliabilityڒcontractualڒaڒasڒrecognisedڒare ڒandڒmaintenanceڒfullՒserviceڒofڒcaseڒtheڒInڒreceivedԽս ڒexperienceڒtearԽռڒandڒwearڒtoڒԼdueڒreplacementڒtyre ڒaڒatڒincurredڒonlyڒisڒserviceڒspecificڒtheڒthatڒshows ڒasڒcontractռڒtheڒofڒtermڒtheڒduringڒtimeڒinڒpointڒlater ڒvehiclesսڒnewڒleasesڒmainlyڒGroupڒMobilityڒAllaneڒthe ڒisڒserviceڒfullڒtheڒwhichڒatڒtimeڒinڒpointڒtheڒlongerڒThe renderedڒisڒpostponedռڒtheڒgreaterڒtheڒcontractualڒobliՒ ڒbecomesսڒgation

ڒleasesռڒoperatingڒasڒclassifiedڒareڒleasesڒmostڒAlthough ڒareڒthatڒagreementsڒleasingڒconcludesڒalsoڒGroupڒthe ڒandڒrisksڒallڒsubstantiallyڒasڒleasesڒfinanceڒasڒclassified ڒtoڒtransferredڒareڒownershipڒtheڒtoڒincidentalڒrewards theڒlesseeսڒAmountsڒdueڒunderڒfinanceڒleasesڒareڒrecՒ ڒnetڒGroupխsڒtheڒofڒamountڒtheڒatڒreceivablesڒasڒognised investmentڒinڒtheڒleasesڒandڒareڒsubsequentlyڒmeasՒ ڒFinanceڒmethodսڒinterestڒeffectiveڒtheڒapplyingڒured leaseڒincomeڒisڒsplitڒupڒintoڒanڒinterestڒportionڒandڒreՒ ڒinterestڒtheڒOnlyڒreceivableսڒtheڒonڒpaymentsڒdemption ڒTheڒlossսڒandڒprofitڒthroughڒrecognisedڒisڒportion

ڒleaseڒtheڒofڒtermڒtheڒoverڒallocatedڒisڒincomeڒfinance onڒaڒsystematicڒandڒrationalڒbasisսڒLeaseڒpaymentsڒreՒ latingڒtoڒtheڒperiodڒareڒappliedڒagainstڒtheڒgrossڒinvestՒ ڒtheڒandڒprincipalڒtheڒbothڒreduceڒtoڒleaseڒtheڒinڒment ڒincomeսڒfinanceڒunearned

VehicleڒsalesڒareڒrecognisedڒwhenڒtheڒvehicleڒisڒdelivՒ ڒtheڒtransferredռڒisڒownershipڒeconomicڒandڒered ڒincurredڒbeڒtoڒstillڒcostsڒtheڒandڒrevenueڒtheڒofڒamount ڒtoڒbenefitڒincomingڒanڒandڒreliablyڒdeterminedڒbeڒcan ڒprobableսڒisڒbuyerڒthe

ڒcostsڒfinanceڒNet

ڒfinanceڒnetڒinڒpresentedڒexpenseڒandڒincomeڒInterest costsڒareڒrecognisedڒonڒanڒaccrualڒbasisڒtakingڒintoڒacՒ ڒapplicableڒtheڒandڒamountڒloanڒoutstandingڒtheڒcount ڒappliedڒisڒmethodڒinterestڒeffectiveڒTheڒinterestսڒofڒrate ڒthisսڒfor

ڒrelationshipڒhedgingڒandڒDerivatives ڒinstrumentsռڒfinancialڒindividualڒdesignatesڒGroupڒThe ڒhedgesսڒflowڒcashڒofڒpartڒasڒderivativesռڒincluding ڒwithڒaccordanceڒinڒaccountedڒareڒrelationshipsڒHedge ڒڒԚսڒIFRS

ڒrelationshipڒhedgeڒtheڒofڒdetailsڒandڒeligibilityڒThe ڒwellڒasڒinstrumentڒhedgingڒandڒitemڒhedgedڒbetween ڒandڒobjectivesڒmanagementڒriskڒrelevantڒtheڒas ڒhedgeڒofڒstartڒtheڒatڒdocumentedڒareڒstrategies ڒtheڒofڒinceptionڒtheڒatڒbothڒadditionռڒInڒaccountingս ڒtheڒofڒcourseڒtheڒoverڒandڒrelationshipڒhedging ڒtheڒwhetherڒdocumentedڒregularlyڒisڒitڒrelationshipռ ڒhedgeڒtheڒinڒdesignatedڒinstrumentڒhedging ڒhedgeڒforڒrequirementsڒtheڒmeetsڒrelationship ڒeffectivenessս

ڒofڒvalueڒfairڒtheڒinڒchangeڒtheڒofڒportionڒeffectiveڒThe ڒhedgesڒflowڒcashڒforڒsuitableڒareڒwhichڒderivativesռ ڒrecognisedڒisڒsuchռڒasڒdesignatedڒbeenڒhaveڒwhichڒand ڒitemڒtheڒunderڒincomeڒcomprehensiveڒotherڒin ڒhedgeڒinڒinstrumentڒfinancialڒderivativeڒofڒձChanges ڒineffectiveڒtheڒfromڒlossڒorڒgainڒTheڒrelationshipկս ڒfinanceڒnetڒtheڒinڒimmediatelyڒrecognisedڒisڒportion costsսڒAmountsڒrecognisedڒinڒotherڒcomprehensiveڒinՒ ڒduringڒstatementڒincomeڒtheڒtoڒtransferredڒareڒcome ڒisڒtransactionڒunderlyingڒhedgeڒtheڒwhichڒinڒperiodڒthe ڒrecognisedڒareڒTheyڒlossսڒorڒprofitڒthroughڒcarriedڒalso ڒtheڒlistڒalsoڒthatڒstatementڒincomeڒofڒitemڒsameڒtheڒin ڒձAdditionalڒtitledڒsectionڒTheڒtransactionսڒunderlying ڒdetailsڒprovidesڒinstrumentsկڒfinancialڒonڒdisclosures ڒhedgingսڒforڒusedڒderivativesڒtheڒofڒvalueڒfairڒtheڒon

ڒendsڒrelationshipڒhedgingڒtheڒofڒaccountingڒFinancial whenڒtheڒhedgingڒinstrumentsڒexpiresռڒisڒsoldڒorڒtermiՒ natedռڒorڒtheڒinstrumentڒisڒnoڒlongerڒsuitableڒforڒhedgՒ ڒinڒrecognisedڒlossesڒorڒgainsڒofڒamountڒfullڒTheڒingս ڒandڒtimeڒinڒpointڒthisڒatڒincomeڒcomprehensiveڒother ڒonlyڒisڒandڒequityڒinڒremainsڒequityڒinڒaccumulated recognisedڒinڒtheڒincomeڒstatementڒwhenڒtheڒexՒ ڒincomeڒtheڒinڒrecognisedڒalsoڒisڒtransactionڒpected ڒnoڒisڒtransactionڒforecastedڒtheڒOnceڒstatementս ڒlossڒorڒgainڒcumulativeڒtheڒoccurռڒtoڒexpectedڒlonger recognisedڒinڒequityڒisڒdirectlyڒtransferredڒtoڒtheڒinՒ ڒstatementսڒcome

ڒfairڒatڒrecognitionڒinitialڒonڒmeasuredڒareڒDerivatives ڒreportingڒeachڒofڒendڒtheڒatڒsubsequentlyڒandڒvalue ڒfairڒTheڒvalueսڒfairڒtheirڒtoڒremeasuredڒareڒtheyڒperiod valueڒofڒinterestڒrateڒderivativesڒisڒdeterminedڒbyڒdisՒ countingڒtheڒexpectedڒfutureڒcashڒflowsڒoverڒtheڒreՒ ڒyieldڒcurrentڒtheڒusingڒcontractڒtheڒofڒtermڒmaining ڒfairڒinڒchangesڒsubsequentڒforڒaccountingڒTheڒcurvesս valueڒdependsڒonڒwhetherڒtheڒderivativeڒhasڒbeenڒdesՒ ڒinstrumentսڒhedgingڒaڒasڒignated

TheڒGroupڒintroducedڒhedgeڒaccountingڒforڒcertainڒinՒ terestڒrateڒderivativesռڒwhichڒareڒreportedڒunderڒnonՒ ڒyearրڒԼpreviousڒassetsڒandڒreceivablesڒotherڒcurrent otherڒnonՒcurrentڒliabilitiesԽսڒTheڒGroupڒusesڒtheseڒfiՒ nancialڒinstrumentsڒtoڒhedgeڒcashڒflowsڒfromڒvariableՒ rateڒliabilitiesڒunderڒtheڒAssetڒBackedڒSecuritiesڒproՒ ڒinterestڒunderlyingڒtheڒtoڒchangesڒagainstڒgramme ڒrateս

ڒrelationshipڒeconomicڒtheڒdeterminesڒCompanyڒThe ڒhedgingڒtheڒandڒitemڒunderlyingڒhedgedڒtheڒbetween ڒhedgingռڒtheڒofڒeffectivenessڒtheڒassessڒtoڒinstrument basedڒonڒtheڒreferenceڒinterestڒrateռڒtheڒtermռڒtheڒvariՒ ڒandڒprofileڒamortisationڒtheڒperiodռڒfixingڒinterestڒable ڒamountսڒnotionalڒtheڒasڒwellڒasڒdateڒdueڒthe

TheڒCompanyڒassessesڒtheڒeffectivenessڒofڒtheڒhedgՒ ڒcashڒtheڒinڒchangesڒforڒcompensationڒinstrumentխsڒing ڒtermsڒcriticalڒtheڒofڒmeansڒbyڒitemڒhedgedڒtheڒofڒflows matchڒmethodڒԼprospectiveԽڒandڒtheڒcalculationڒofڒinefՒ ڒtestsڒoffsetڒdollarڒcumulativeڒofڒmeansڒbyڒfectiveness ڒmethodڒderivativeڒhypotheticalڒtheڒofڒrecourseڒunder ڒԼretrospectiveԽս

ڒmarketڒtheڒcaseڒinڒmainlyڒoccurڒcanڒIneffectiveness ڒInڒdesignationսڒofڒdateڒtheڒatڒzeroڒequalڒnotڒdoesڒvalue ڒassetڒtheڒfromڒrepaymentsڒunexpectedڒofڒcaseڒrareڒthe ڒinstrumentsڒhedgingڒtheڒprogrammeռڒsecuritiesڒbacked ڒoverՒhedgingսڒavoidڒtoڒaccordinglyڒdeՒdesignatedڒare

ڒexpenseڒtaxڒIncome

IncomeڒtaxڒexpenseڒisڒtheڒaggregateڒofڒcurrentڒtaxڒexՒ ڒڒtaxesսڒdeferredڒandڒpense

ڒtheڒofڒbasisڒtheڒonڒcalculatedڒisڒexpenseڒtaxڒCurrent ڒfromڒdiffersڒprofitڒTaxableڒyearսڒtheڒforڒincomeڒtaxable theڒprofitڒbeforeڒtaxesڒԼEBTԽڒreportedڒinڒtheڒGroupխsڒinՒ ڒorڒincomeڒofڒitemsڒexcludesڒitڒbecauseڒstatementڒcome ڒlaterڒinڒonlyڒdeductibleڒorڒtaxableڒareڒthatڒexpense ڒڒdeductibleսڒorڒtaxableڒneverڒareڒthatڒorڒyears

DeferredڒtaxesڒareڒtheڒtaxڒchargesڒandڒtaxڒreliefsڒexՒ ڒcarryingڒtheڒbetweenڒdifferencesڒfromڒresultڒtoڒpected amountsڒofڒassetsڒandڒliabilitiesڒinڒtheڒconsolidatedڒfiՒ ڒbaseսڒtaxڒtheirڒandڒstatementsڒnancial

ڒmethodڒliabilityڒsheetڒbalanceڒtheڒwithڒaccordanceڒIn ڒareڒtaxesڒdeferredڒtaxesռڒIncomeڒ12ڒIASڒbyڒdefinedڒas ڒarisingڒdifferencesڒtaxableڒtemporaryڒallڒforڒrecognised fromڒtheڒdeviationsڒinڒtheڒvaluationڒofڒassetsڒandڒliabiliՒ ڒDeferredڒbaseսڒtaxڒcorrespondingڒtheڒagainstڒasڒties ڒisڒitڒthatڒextentڒtheڒtoڒrecognisedڒbeڒonlyڒcanڒassetsڒtax ڒagainstڒavailableڒbeڒwillڒprofitsڒtaxableڒthatڒprobable ڒutilisedսڒbeڒcanڒdifferencesڒtemporaryڒdeductibleڒwhich

ڒreviewedڒisڒassetsڒtaxڒdeferredڒofڒamountڒcarryingڒThe ڒextentڒtheڒtoڒreducedڒandڒdateڒsheetڒbalanceڒeachڒat thatڒitڒisڒnoڒlongerڒprobableڒthatڒsufficientڒtaxableڒprofՒ ڒbeڒtoڒassetڒtheڒofڒpartڒorڒallڒallowڒtoڒavailableڒbeڒwillڒits ڒrecoveredս

DeferredڒtaxesڒareڒmeasuredڒatڒtheڒtaxڒratesڒandڒtaxaՒ ڒwhenڒperiodڒtheڒtoڒapplyڒtoڒexpectedڒareڒthatڒlawsڒtion theڒtemporaryڒdifferencesڒreverseڒorڒtheڒtaxڒlossڒcarՒ ryforwardsڒareڒusedսڒUntilڒchangesڒtoڒtaxڒlawsڒareڒratiՒ ڒڒratesսڒtaxڒcurrentڒatڒmeasuredڒareڒtaxesڒdeferredڒfiedռ

ڒincomeڒGroupխsڒtheڒinڒrecognisedڒareڒtaxesڒDeferred statementռڒexceptڒwhereڒtheyڒrelateڒtoڒitemsڒnotڒrecogՒ ڒdeferredڒtheڒcaseڒthisڒInڒstatementսڒincomeڒtheڒinڒnised ڒorڒincomeڒcomprehensiveڒotherڒinڒrecognisedڒareڒtaxes ڒareڒliabilitiesڒandڒassetsڒtaxڒDeferredڒequityսڒinڒdirectly ڒtoڒrightڒenforceableڒlegallyڒaڒisڒthereڒwhereڒonlyڒoffset ڒliabilitiesڒtaxڒcurrentڒagainstڒassetsڒtaxڒcurrentڒoffڒset ڒtheڒbyڒleviedڒtaxesڒincomeڒtoڒrelateڒtheyڒwhenڒand sameڒtaxڒauthorityڒandڒwhenڒtheڒGroupڒintendsڒtoڒsetՒ ڒbasisսڒnetڒaڒonڒliabilitiesڒandڒassetsڒtaxڒcurrentڒitsڒtle

Ԥօԣ Assetsڒ

ڒGoodwill

GoodwillڒresultingڒfromڒaڒbusinessڒcombinationڒisڒcarՒ riedڒatڒcostڒlessڒanyڒnecessaryڒimpairmentڒandڒisڒpreՒ ڒsheetսڒbalanceڒconsolidatedڒtheڒinڒseparatelyڒsented ForڒtheڒpurposeڒofڒimpairmentڒtestingռڒgoodwillڒisڒalloՒ ڒtheڒofڒgroupsԽڒԼorڒunitsڒcashՒgeneratingڒthoseڒtoڒcated ڒsynergiesڒtheڒfromڒbenefitڒtoڒexpectedڒareڒthatڒGroup ڒcombinationսڒbusinessڒtheڒof

ڒofڒportionڒaڒwhichڒtoڒunitsռڒcashՒgeneratingڒThose goodwillڒhasڒbeenڒallocatedռڒmustڒbeڒtestedڒforڒimpairՒ ڒaڒofڒamountڒrecoverableڒtheڒIfڒannuallyսڒleastڒatڒment ڒcarryingڒtheڒthanڒsmallerڒisڒunitڒcashՒgenerating ڒallocatedڒisڒcostsڒimpairmentڒtheڒunitռڒtheڒofڒamount ڒtheڒtoڒallocatedڒgoodwillڒofڒamountڒcarryingڒtheڒtoڒfirst ڒonڒrataڒproڒunitڒtheڒofڒassetsڒotherڒtheڒtoڒthenڒandڒunit ڒtheڒinڒassetڒeachڒofڒamountڒcarryingڒtheڒofڒbasisڒthe ڒfromڒvalueڒhigherڒtheڒisڒamountڒrecoverableڒTheڒunitս ڒsellingڒforڒcostsڒlessڒvalueڒfairڒtheڒandڒuseڒinڒvalueڒthe ڒassetսڒthe

ڒtheڒinڒdirectlyڒrecognisedڒisڒgoodwillڒofڒimpairmentڒAny ڒforڒrecognisedڒlossڒimpairmentڒAnڒstatementսڒincome ڒperiodսڒsubsequentڒaڒinڒreversedڒbeڒnotڒshallڒgoodwill

ڒmanagementիsڒonڒbasedڒisڒtestڒimpairmentڒannualڒThe planningڒofڒtheڒcashڒgeneratedڒunitսڒTheڒplanningڒasՒ ڒareڒuseڒinڒvalueڒtheڒdetermineڒtoڒusedڒsumptions ڒconditionsڒmarketڒcurrentڒreflectڒtoڒannuallyڒadapted ڒmodelڒTheڒoperationsսڒofڒresultsڒCompanyիsڒtheڒand ڒdiscountedڒtheڒonڒbasedڒisڒtestڒimpairmentڒtheڒforڒused ڒgrowthڒaڒandڒplanڒmultiՒyearڒaڒwithڒmethodռڒflowڒcash ڒsustainableڒaڒderivingڒinڒbasisڒtheڒasڒtakenڒ1ٝڒofڒfactor ڒofڒcostڒaverageڒweightedڒԼasڒratesڒdiscountڒTheڒfigureս ڒdiscountԽڒgrowthڒandڒfiguresڒpreՒtaxڒWACCsռڒcapitalռ usedڒareڒcurrentlyڒaroundڒԓս2ٝڒtoڒԔս1ٝڒԼ2020րڒbetweenڒ ԓսԘٝڒandڒԔս0ٝԽսڒTheڒassumptionsڒusedڒforڒtheڒmodelڒ areڒbasedڒonڒexternalڒobservationsսڒInڒtheڒopinionڒofڒAlՒ ڒtheڒinڒchangeڒconceivableڒreasonablyڒnoڒareڒthereڒlaneռ ڒofڒdeterminationڒtheڒwhichڒonڒassumptionsռڒunderlying ڒinڒresultڒwouldڒthatڒbasedռڒisڒamountڒrecoverableڒthe theڒaccumulatedڒcarryingڒamountڒofڒtheڒcashՒgeneratՒ ڒamountսڒrecoverableڒitsڒexceedingڒunitڒing

ڒassetsڒIntangible

IntangibleڒassetsڒincludeڒpurchasedڒandڒinternallyڒdeՒ ڒinڒpaymentsڒadvanceڒanyڒasڒwellڒasڒsoftwareռڒveloped ڒassetsսڒintangibleڒofڒrespect

ڒacquisitionڒatڒreportedڒareڒassetsڒintangibleڒPurchased ڒimpairmentڒandڒdepreciationڒaccumulatedڒlessڒcost ڒonlyڒareڒassetsڒintangibleڒgeneratedڒInternallyڒlossesս ڒinڒoutڒsetڒcriteriaڒtheڒifڒcostڒproductionڒatڒcapitalised ڒhaveڒcriteriaڒcapitalisationڒtheڒIfڒmetսڒbeenڒhaveڒԓԙڒIAS notڒbeenڒmetռڒtheڒexpensesڒareڒrecognisedڒinڒtheڒinՒ ڒincurredսڒareڒtheyڒwhichڒinڒyearڒtheڒinڒstatementڒcome ڒbasisڒstraightՒlineڒaڒonڒamortisedڒareڒassetsڒIntangible ڒaccordanceڒInڒyearsսڒfiveڒtoڒthreeڒofڒlifeڒusefulڒaڒover ڒcannotڒlivesڒusefulڒwhoseڒassetsڒintangibleڒԓԗռڒIASڒwith ڒforڒtestedڒareڒindefiniteڒgenerallyڒareڒorڒdeterminedڒbe ڒnecessaryռڒwhereڒandռڒbasisڒannualڒanڒonڒimpairment ڒvalueսڒfairڒtheirڒtoڒdownڒwritten

ڒequipmentڒandڒProperty

ڒlessڒcostڒatڒcarriedڒareڒequipmentڒandڒProperty ڒimpairmentսڒrecognisedڒandڒdepreciationڒstraightՒline ڒofڒcostsڒacquisitionڒtheڒthatڒsoڒtakenڒisڒDepreciation ڒoverڒbasisڒstraightՒlineڒaڒonڒdepreciatedڒareڒassets ڒlivesռڒusefulڒexpectedڒTheڒlivesսڒusefulڒexpectedڒtheir residualڒvaluesڒandڒdepreciationڒmethodsڒareڒreՒevaluՒ atedڒatڒtheڒendڒofڒeachڒreportingڒperiodڒandڒallڒnecesՒ ڒprospectivelyսڒappliedڒareڒestimatesڒinڒchangesڒsary

ڒlivesռڒusefulڒfollowingڒtheڒonڒbasedڒisڒDepreciation ڒGroupսڒtheڒthroughoutڒuniformlyڒapplyڒwhich

ڒlivesڒUseful

ڒyearsڒԣԤڒtoڒԣ ڒequipmentڒofficeڒandڒOperating

ڒwhenڒeitherڒderecognisedڒareڒequipmentڒandڒProperty theyڒareڒdisposedڒofڒorڒwhenڒnoڒfurtherڒeconomicڒbenՒ efitڒisڒtoڒbeڒexpectedڒfromڒtheڒcontinuedڒuseڒofڒtheڒasՒ ڒorڒsaleڒtheڒfromڒlossڒorڒgainڒresultingڒTheڒsetս ڒasڒdeterminedڒisڒequipmentڒorڒpropertyڒofڒretirement theڒdifferenceڒbetweenڒtheڒsalesڒproceedsڒandڒtheڒcarՒ ڒorڒprofitڒinڒrecognisedڒisڒandڒassetڒtheڒofڒamountڒrying ڒlossս

ڒnonՒfinancialڒnonՒcurrentڒofڒImpairment ڒassets

ڒpropertyڒofڒamountsڒcarryingڒtheڒreviewsڒGroupڒThe ڒtheڒasڒwellڒasڒassetsڒintangibleڒandڒequipmentڒand ڒifڒdetermineڒtoڒdateڒsheetڒbalanceڒeachڒatڒassetsڒlease thereڒareڒanyڒindicationsڒforڒanڒimpairmentڒofڒtheseڒasՒ setsսڒIfڒanyڒsuchڒindicationsڒcanڒbeڒdetectedռڒtheڒreՒ ڒtoڒestimatedڒisڒassetڒtheڒofڒamountڒcoverable determineڒtheڒextentڒofڒtheڒpossibleڒimpairmentڒexՒ ڒpenseս

ڒLeases

TheڒAllaneڒMobilityڒGroupڒassessesڒatڒtheڒcommenceՒ mentڒdateڒofڒtheڒcontractڒwhetherڒaڒcontractڒisڒorڒconՒ ڒtheڒifڒleaseڒaڒcontainsڒorڒisڒcontractڒAڒleaseսڒaڒtains contractڒconveysڒtheڒrightڒtoڒcontrolڒtheڒuseڒofڒanڒidenՒ tifiedڒassetڒforڒaڒperiodڒofڒtimeڒinڒexchangeڒofڒconsidՒ ڒlessorڒasڒbothڒactsڒGroupڒMobilityڒAllaneڒTheڒerationս ڒlesseeڒasڒand

ڒlessorڒasڒGroupڒMobilityڒAllane

ڒtransfersڒitڒifڒleasesռڒfinanceڒasڒclassifiedڒareڒLeases ڒtoڒincidentalڒrewardsڒandڒrisksڒtheڒallڒsubstantially ڒAllڒlesseeսڒtheڒtoڒassetڒunderlyingڒanڒofڒownership ڒoperatingڒasڒclassifiedڒareڒrelationsڒleasingڒother ڒbuyՒbackڒconcludesڒalsoڒGroupڒMobilityڒAllaneڒleasesս ڒvehicleսڒrespectiveڒtheڒofڒsupplierڒtheڒwithڒagreements ڒtheڒtoڒrelatingڒconditionsڒandڒfactsڒtheڒallڒConsidering ڒGroupխsڒMobilityڒAllaneڒtheڒandڒagreementڒbuyՒback specificڒuseڒofڒtheڒvehiclesڒduringڒtheڒperiodڒfromڒacՒ ڒvehiclesռڒtheڒofڒreՒmarketingڒԼselfՒԽڒfinalڒtoڒquisition ڒtoڒincidentalڒrewardsڒandڒrisksڒtheڒallڒsubstantially ڒMobilityڒAllaneڒwithڒremainsڒvehiclesڒtheڒofڒownership ڒGroupս

AssetsڒleasedڒoutڒbyڒtheڒAllaneڒMobilityڒGroupڒasڒlesՒ ڒbalanceڒtheڒinڒcarriedڒareڒleasesڒoperatingڒunderڒsor ڒconsideringڒdepreciationڒstraightՒlineڒlessڒcostڒatڒsheet ڒtheڒofڒdurationڒTheڒvaluesսڒresidualڒcalculatedڒtheir ڒleaseڒtheڒwithڒcorrespondsڒdepreciationڒscheduled ڒbuybackڒtheڒonڒbasedڒareڒvaluesڒresidualڒTheڒtermս ڒtheڒwithڒagreedڒcontractuallyڒtypeڒvehicleڒperڒvalue ڒtheڒagreedռڒbeenڒhaveڒvaluesڒbuybackڒnoڒIfڒsuppliersս residualڒvalueڒisڒbasedڒonڒtheڒestimatedڒfairڒvalueսڒEstiՒ ڒassumptionsڒnecessitatesڒvaluesڒresidualڒtheڒmating ڒtimeڒtheڒatڒvehicleڒtheڒofڒmileageڒandڒageڒtheڒregarding ڒtheڒonڒconditionsڒexpectedڒtheڒasڒwellڒasڒdisposalڒitsڒof ڒriskڒpriceڒmarketڒaڒinڒresultsڒThisڒmarketսڒvehicleڒused ڒperiodicallyڒGroupڒtheڒbyڒevaluatedڒisڒwhichڒexposureռ byڒestimatingڒresidualڒvaluesڒandڒadjustingڒdepreciaՒ tionڒratesսڒImpairmentڒlossesڒareڒrecognisedڒinڒindividՒ ڒtheڒonڒbasedڒisڒwhichڒamountռڒcarryingڒtheڒifڒcasesռڒual originallyڒcalculatedڒresidualڒvalueռڒexceedsڒtheڒcarryՒ ingڒamountڒexpectedڒprospectivelyڒatڒdisposalսڒInڒacՒ ڒreportedڒareڒassetsڒleasedڒԗռ1ڒIFRSڒwithڒcordance ڒsectionսڒassetsڒnonՒcurrentڒtheڒwithin

ڒleasedڒhasڒGroupڒMobilityڒAllaneڒtheڒthatڒassetsڒLease ڒpresentڒtheڒatڒrecognisedڒareڒleasesڒfinanceڒasڒout ڒassetsڒasڒpaymentsڒagreedڒcontractuallyڒtheڒofڒvalue ڒareڒpaymentsڒLeaseڒreceivablesսڒleaseڒfinanceڒunder ڒandڒpaymentsڒinterestڒbetweenڒapportioned

repaymentsڒofڒtheڒleasingڒreceivableռڒtoڒachieveڒaڒconՒ ڒOnlyڒreceivableսڒtheڒonڒinterestڒofڒrateڒperiodicڒstant ڒlossսڒorڒprofitڒthroughڒrecognisedڒisڒportionڒinterestڒthe

ڒnonՒleaseڒandڒleaseڒbothڒincludesڒcontractڒaڒWhen ڒtheڒallocateڒtoڒԕ1ڒIFRSڒappliesڒGroupڒtheڒcomponents ڒcomponentսڒeachڒtoڒcontractڒtheڒunderڒconsideration

ڒSaleՒandՒLeaseback

ڒGroupڒMobilityڒAllaneڒtheڒassetsڒleaseڒitsڒfinanceڒTo ڒAsڒtransactionsսڒleaseՒbackڒandڒsaleڒundertakesڒalso ڒMobilityڒAllaneڒtheڒtermsռڒeconomicڒinڒsaleڒnoڒisڒthere ڒofڒitemڒtheڒinڒvehiclesڒtheڒrecognizeڒtoڒcontinuesڒGroup ڒaڒrepresentsڒreceivedڒpriceڒpurchaseڒTheڒassetsսڒlease financialڒliabilityսڒLeasingڒpaymentsڒtoڒtheڒlessorڒareڒdiՒ ڒredemptionڒaڒandڒportionڒrateڒinterestڒanڒintoڒupڒvided ڒinڒrecognisedڒisڒportionڒrateڒinterestڒtheڒOnlyڒportionս ڒstatementսڒincomeڒthe

TheڒrespectiveڒleasedڒoutڒassetsڒinڒoperateڒleaseڒconՒ tractsڒareڒdepreciatedڒtoڒtheirڒcontractualڒresidualڒvalՒ ڒleaseڒrespectiveڒtheڒoverڒbasisڒstraightՒlineڒaڒonڒues ڒeventڒtheڒinڒrecognisedڒareڒlossesڒImpairmentڒtermsս ڒڒgivenսڒisڒimpairmentڒofڒindicationڒanڒthat

ڒlesseeڒasڒGroupڒMobilityڒAllane

TheڒAllaneڒMobilityڒGroupڒalsoڒactsڒasڒcontractualڒlesՒ ڒrentalڒtoڒparticularڒinڒrelatingڒagreementsڒleaseڒinڒsee ڒupڒofڒtermڒaڒcarryڒleasesڒTheڒbuildingsڒforڒagreements ڒTheڒoptionsսڒrenewalڒincludeڒalsoڒmayڒbutڒyearsռڒԕ2ڒto ڒwasڒoptionsڒterminationڒandڒextensionڒofڒmeasurement ڒadoptionڒfirstՒtimeڒofڒtimeڒtheڒatڒfindingsڒtheڒonڒbased ڒdateսڒcommencementڒleaseڒatڒrespectively

ڒtheڒcompriseڒassetsڒuseڒofڒrightڒԗ1ڒIFRSڒtoڒAccording ڒliabilityռڒleaseڒcorrespondingڒtheڒofڒmeasurementڒinitial ڒcommencementڒtheڒbeforeڒorڒatڒmadeڒpaymentsڒlease ڒinitialڒanyڒandڒreceivedڒincentivesڒleaseڒanyڒlessڒdayռ ڒaڒonڒdepreciatedڒareڒassetsڒRightՒofՒuseڒcostsսڒdirect ڒcapitalizedڒTheڒtermսڒleaseڒtheڒoverڒbasisڒstraightՒline ڒrelationshipsռڒleasingڒfromڒresultingڒassetsռڒuseڒofڒRight ڒTheڒmonthսڒԙԙ2ڒtoڒ10ڒofڒlifeڒusefulڒremainingڒaڒhave ڒvalueڒpresentڒtheڒatڒmeasuredڒinitiallyڒisڒliabilityڒlease ofڒtheڒleaseڒpaymentsڒthatڒareڒnotڒpaidڒatڒtheڒcomՒ ڒimplicitڒrateڒtheڒusingڒbyڒdiscountedڒdateռڒmencement ڒdeterminedռڒreadilyڒbeڒnotڒcanڒrateڒthisڒIfڒleaseսڒtheڒin ڒborrowingڒincrementalڒitsڒusesڒGroupڒMobilityڒAllane ڒlowڒofڒleasesڒandڒleasesڒshortՒtermڒforڒExceptڒrateս valueսڒForڒtheseڒleasesռڒtheڒAllaneڒMobilityڒGroupڒrecՒ ڒexpensesսڒoperatingڒasڒpaymentsڒleaseڒtheڒognizes

ForڒleasesڒthatڒwereڒconcludedڒbeforeڒtheڒdateڒofڒfirstՒ ڒtoڒnotڒdecidedڒGroupڒMobilityڒAllaneڒtheڒadoptionռڒtime ڒaڒcontainsڒorڒisڒagreementڒanڒwhetherڒagainڒreview ڒtheڒretainڒtoڒbutڒadoptionռڒfirstՒtimeڒofڒtimeڒtheڒatڒlease ڒԔսڒIFRICڒandڒԘ1ڒIASڒunderڒmadeڒassessmentڒprevious

ڒanڒtoڒlinkedڒpaymentsڒleaseڒvariableڒhaveڒleasesڒSome ڒindexڒtheڒtoڒadjustmentsڒAnyڒԼinterestՒԽrateսڒorڒindex ڒreportingڒcurrentڒtheڒduringڒadditionڒasڒrecognisedڒare ڒisڒadjustmentsڒindexڒpossibleڒofڒestimateڒanڒandڒperiod ڒliabilityսڒleaseڒtheڒofڒmeasurementڒtheڒinڒincludedڒnot AgreementsڒincludingڒrenewalڒoptionsڒforڒwhichڒexerՒ ciseڒisڒdeemedڒsufficientlyڒcertainռڒtheڒunderlyingڒestiՒ ڒForڒrenewalսڒtheڒincludesڒleaseڒtheڒofڒtermڒmated leasesڒwithڒaڒtermڒofڒtwelveڒmonthsڒorڒlessռڒtheڒelecՒ tionڒoptionڒwasڒexercisedռڒandڒtheirڒpaymentsڒareڒrecՒ ڒstraightՒlineڒaڒonڒlossڒorڒprofitڒinڒexpenseڒanڒasڒognised ڒwhichڒandڒagreementڒwrittenڒaڒwithoutڒLeasesڒbasisս ڒshortՒtermڒasڒclassifiedڒwereڒimportanceڒminorڒofڒare ڒnotڒwereڒpartڒourڒonڒrightsڒterminationڒSpecialڒleasesս ڒexercisedսڒbeڒtoڒlikelyڒconsidered

ڒInventories

TheڒitemڒinventoriesڒconsistڒtoڒtheڒmajorڒpartڒofڒvehiՒ clesڒintendedڒforڒsaleսڒTheseڒareڒmeasuredڒatڒamorՒ ڒregularlyڒareڒandڒcostsռڒincidentalڒincludingڒcostsռڒtised ڒthisڒIfڒvalueսڒrealisableڒnetڒestimatedڒtheڒwithڒcompared ڒrecognisedսڒisڒlossڒimpairmentڒanڒlowerռڒis

ڒandڒreceivablesڒotherڒassetsքڒFinancial ڒassets

TheڒfinancialڒassetsڒconsistڒofڒoriginatedڒloansڒandڒreՒ ceivablesռڒequityڒinstrumentsռڒpurchasedڒdebtڒinstruՒ ڒderivativesսڒandڒequivalentsռڒcashڒandڒcashڒmentsռ ڒaڒhasڒGroupڒtheڒwhenڒrecognisedڒareڒassetsڒFinancial ڒfinancialڒanotherڒorڒcashڒreceiveڒtoڒrightڒcontractual assetڒfromڒanotherڒpartyսڒPurchasesڒandڒsalesڒofڒfiՒ nancialڒassetsڒareڒgenerallyڒrecognisedڒatڒtheڒsettleՒ ڒatڒrecognisedڒinitiallyڒareڒassetsڒFinancialڒdateսڒment fairڒvalueڒplusڒtransactionڒcostsڒifڒapplicableսڒTransacՒ ڒassetsڒfinancialڒofڒpurchaseڒtheڒforڒincurredڒcostsڒtion atڒfairڒvalueڒthroughڒprofitڒorڒlossڒareڒrecognisedڒimՒ ڒisڒmeasurementڒSubsequentڒlossսڒorڒprofitڒinڒmediately ڒtheڒtoڒassetsڒfinancialڒtheڒofڒallocationڒtheڒonڒbased ڒԚսڒIFRSڒtoڒaccordingڒcategories

ڒfollowingڒtheڒinڒassetsڒfinancialڒitsڒclassifiesڒGroupڒThe ڒchangesڒwithڒvalueռڒfairڒatڒcategoriesրڒmeasurement ڒthroughڒorڒlossڒorڒprofitڒthroughڒeitherڒrecognised ڒڒcostսڒamortisedڒatڒandڒincomeڒcomprehensiveڒother

FinancialڒassetsڒthatڒareڒheldڒforڒcollectionڒofڒcontracՒ ڒsolelyڒrepresentڒflowsڒcashڒthoseڒandڒflowsڒcashڒtual ڒatڒmeasuredڒareڒinterestڒandڒprincipalڒofڒpayments ڒmethodսڒinterestڒeffectiveڒtheڒusingڒcostڒamortised TradeڒreceivablesռڒfinancialڒreceivablesڒandڒloansڒreՒ portedڒinڒotherڒassetsռڒasڒwellڒasڒcashڒandڒcashڒequivՒ ڒڒcategoryսڒmeasurementڒthisڒtoڒassignedڒareڒalents

InterestڒincomeڒfromڒitemsڒinڒthisڒcategoryڒisڒcalcuՒ latedڒusingڒtheڒeffectiveڒinterestڒmethodڒunlessڒtheڒreՒ ڒinterestڒofڒeffectڒtheڒandڒshortՒtermڒareڒceivables ڒimmaterialսڒisڒaccumulation

ڒcashڒcontractualڒofڒcollectionڒforڒheldڒareڒthatڒAssets ڒrepresentڒflowsڒcashڒwhoseڒandڒsaleռڒforڒandڒflows ڒmeasuredڒareڒinterestڒandڒprincipalڒofڒpaymentsڒsolely ڒincomeսڒcomprehensiveڒotherڒthroughڒvalueڒfairڒat ڒtoڒheldڒnotڒinstrumentsڒdebtڒparticularռڒinڒareռڒThese ڒinڒrecognisedڒareڒvalueڒfairڒtheڒinڒChangesڒmaturityս ڒareڒvalueڒfairڒinڒChangesڒincomeսڒcomprehensiveڒother ڒisڒinstrumentڒtheڒwhenڒlossڒorڒprofitڒinڒrecognisedڒonly disposedڒofսڒInterestڒincomeڒfromڒtheseڒfinancialڒasՒ setsڒisڒincludedڒinڒtheڒnetڒfinanceڒcostsڒusingڒtheڒefՒ ڒGroupڒtheڒpresentռڒAtڒmethodսڒrateڒinterestڒfective ڒheldڒnotڒareڒthatڒinstrumentsڒdebtڒanyڒreportڒnotڒdoes ڒڒmaturityսڒto

ڒatڒorڒcostڒamortisedڒatڒmeasuredڒnotڒareڒthatڒAssetsռ ڒareڒincomeռڒcomprehensiveڒotherڒthroughڒvalueڒfair measuredڒatڒfairڒvalueڒthroughڒprofitڒorڒlossսڒEquityڒinՒ ڒinڒreportedڒderivativesڒfromڒreceivablesڒandڒstruments ڒcategoryսڒthisڒtoڒassignedڒareڒassetsڒfinancialڒother ڒorڒprofitڒinڒrecognisedڒareڒvalueڒfairڒtheڒinڒChanges ڒmeasurementڒtheڒfromڒresultingڒlossڒorڒgainڒTheڒlossս ofڒderivativeڒfinancialڒinstrumentsڒisڒimmediatelyڒrecՒ ognisedڒinڒprofitڒorڒlossռڒunlessڒtheڒderivativeڒisڒdesigՒ ڒhedgingڒaڒinڒinstrumentڒhedgingڒasڒeffectiveڒandڒnated relationshipڒԼhedgeڒaccountingԽսڒInڒthisڒcaseռڒtheڒtimՒ ڒtheڒofڒstatementڒincomeڒtheڒinڒrecognitionڒtheڒofڒing ڒhedgingڒofڒtypeڒtheڒonڒdependsڒresultsڒmeasurement ڒrelationshipս

ڒassetsڒfinancialڒofڒexceptionڒtheڒwithڒassetsռڒFinancial ڒatڒassessedڒareڒlossռڒorڒprofitڒthroughڒvalueڒfairڒat ڒcreditڒexpectedڒofڒbasisڒtheڒonڒdateڒreportingڒeach ڒonڒdependsڒappliedڒmethodڒimpairmentڒTheڒlossesս ڒcreditڒinڒincreaseڒsignificantڒaڒbeenڒhasڒthereڒwhether risksսڒForڒtradeڒreceivablesڒandڒfinanceڒleaseڒreceivaՒ ڒapproachռڒsimplifiedڒtheڒappliesڒGroupڒtheڒblesռ wherebyڒanڒimpairmentڒallowanceڒinڒtheڒamountڒofڒexՒ ڒtheڒofڒlifetimeڒtheڒoverڒlossesڒcreditڒpected

receivablesڒisڒrecognisedڒforڒallڒinstrumentsڒirrespecՒ ڒqualityսڒcreditڒtheirڒofڒtive

SomeڒcategoriesڒofڒfinancialڒassetsռڒsuchڒasڒtradeڒreՒ ceivablesռڒareڒtestedڒforڒimpairmentڒonڒaڒportfolioڒbaՒ ڒbyڒoutڒcarriedڒisڒassessmentڒportfolioՒbasedڒTheڒsisս groupingڒtogetherڒassetsڒwithڒsimilarڒriskڒcharacterisՒ ticsռڒsuchڒasڒcustomerڒgroupռڒcustomerڒcreditworthiՒ ڒimpairmentڒanڒdetermineڒtoڒtypeڒtransactionڒandڒness ڒdefaultսڒofڒprobabilityڒexpectedڒtheڒreflectingڒprovision

ڒtheڒimpairmentռڒportfolioՒbasedڒtheڒassessingڒWhen ڒexpectationsռڒmanagementڒtoڒadditionڒinڒusesڒGroup ڒrecoveriesڒofڒtimingڒtheڒonڒinformationڒhistoricalڒthe andڒdefaultsռڒandڒmakesڒnecessaryڒadjustmentsڒtoڒreՒ ڒconditionsڒeconomicڒfutureڒexpectedڒandڒcurrentڒflect ڒdefaultsսڒtheڒaffectڒmayڒthat

ڒamortisedڒatڒmeasuredڒassetsڒfinancialڒofڒcaseڒtheڒIn costռڒtheڒimpairmentڒlossڒcorrespondsڒtoڒtheڒdifferՒ ڒandڒassetڒtheڒofڒamountڒcarryingڒtheڒbetweenڒence ڒflowsڒcashڒfutureڒexpectedڒofڒvalueڒpresentڒnetڒthe determinedڒonڒtheڒbasisڒofڒtheڒoriginalڒeffectiveڒinterՒ ڒassetսڒtheڒofڒrateڒest

AnڒimpairmentڒofڒtheڒaffectedڒfinancialڒassetsڒisڒrecՒ ڒaccountԽսڒԼallowanceڒaccountڒimpairmentڒanڒinڒognised ChangesڒinڒtheڒcarryingڒamountڒofڒtheڒimpairmentڒacՒ ڒڒstatementսڒincomeڒtheڒinڒrecognisedڒareڒcount

ڒrealisticڒnoڒareڒthereڒthatڒconsidersڒGroupڒtheڒWhen ڒamountڒrelevantڒtheڒassetռڒtheڒrecoveringڒofڒprospects ڒwrittenՒoffսڒis

ڒtheڒifڒassetڒfinancialڒaڒderecognisesڒalsoڒGroupڒThe contractualڒrightsڒtoڒcashڒflowsڒfromڒtheڒfinancialڒasՒ ڒtheڒallڒpracticallyڒandڒassetڒfinancialڒtheڒorڒexpireڒset ڒfinancialڒtheڒwithڒassociatedڒrisksڒandڒopportunities ڒڒpartyսڒthirdڒaڒtoڒtransferredڒareڒasset

ԤօԤ Equityڒandڒliabilitiesڒ

ڒEquity

ڒresultingڒincomeڒcomprehensiveڒotherڒincludesڒEquity ڒentitiesռڒconsolidatedڒofڒdifferencesڒrateڒexchangeڒfrom forڒwhichڒtheڒfunctionalڒcurrencyڒdiffersڒfromڒtheڒcurՒ rencyڒofڒtheڒGroupռڒreserveڒforڒderivativeڒfinancialڒinՒ ڒorڒgainsڒactuarialڒandڒrelationshipڒhedgingڒinڒstruments lossesڒfromڒtheڒremeasurementڒofڒdefinedڒbenefitڒpenՒ ڒplansսڒsion

ڒpensionsڒforڒProvisions

ProvisionsڒforڒpensionsڒareڒmeasuredڒusingڒtheڒproՒ ڒbasedڒisڒmeasurementڒTheڒmethodսڒcreditڒunitڒjected onڒactuarialڒvaluationsڒbyڒindependentڒthirdڒpartiesڒreՒ ڒTheڒassumptionsսڒdemographicڒandڒfinancialڒonڒlying ڒeachڒatڒappropriatenessڒforڒreviewedڒareڒassumptions ڒdateսڒsheetڒbalance

ڒinڒpensionsڒforڒprovisionsڒasڒrecognisedڒamountڒThe theڒconsolidatedڒbalanceڒsheetڒisڒtheڒcurrentڒnetڒliabilՒ ڒServiceڒGroupսڒtheڒofڒplansڒbenefitڒdefinedڒtheڒofڒity ڒtheڒwithinڒexpensesڒpersonnelڒinڒrecognisedڒareڒcosts consolidatedڒincomeڒstatementռڒwhileڒnetڒinterestڒinՒ comeڒisڒrecognisedڒasڒpartڒofڒtheڒfinanceڒcostsսڒReՒ ڒofڒnetڒobligationռڒbenefitڒdefinedڒtheڒofڒmeasurements taxڒareڒrecognisedڒinڒotherڒequityսڒTheseڒamountsڒrecՒ ognisedڒinڒotherڒequityڒareڒnotڒrecognisedڒinڒtheڒinՒ ڒfutureսڒtheڒinڒstatementڒcome

ڒProvisions

AdequateڒprovisionsڒareڒrecognisedڒforڒpotentialڒobliՒ ڒpastڒaڒtoڒattributableڒareڒtheseڒifڒpartiesڒthirdڒtoڒgations ڒreliableڒaڒandڒnotڒthanڒlikelyڒmoreڒisڒutilisationڒifڒeventռ ڒtheڒofڒamountڒprobableڒtheڒofڒmadeڒbeڒcanڒestimate ڒprovisionsڒasڒcarriedڒonlyڒareڒliabilitiesڒSuchڒobligationս ڒtheڒsettleڒtoڒpaymentڒandڒuncertainڒisڒamountڒtheirڒif ڒmadeڒareڒmeasurementsڒTheڒprobableսڒisڒobligation ڒtoڒrequiredڒconsiderationڒtheڒofڒestimateڒbestڒtheڒwith ڒdateռڒsheetڒbalanceڒtheڒatڒobligationڒpresentڒtheڒsettle ڒinherentڒuncertaintiesڒandڒrisksڒtheڒaccountڒintoڒtaking ڒtheڒonڒmeasuredڒisڒprovisionڒaڒWhereڒobligationսڒtheڒin basisڒofڒtheڒestimatedڒcashڒflowsڒforڒmeetingڒtheڒobliՒ ڒonڒimpactڒtheڒifڒdiscountedڒareڒflowsڒcashڒtheseڒgationռ ڒsignificantսڒisڒinterest

ڒliabilitiesڒFinancial

ڒrecognitionڒinitialڒonڒmeasuredڒareڒliabilitiesڒFinancial atڒtheirڒfairڒvalueڒandڒsubsequentlyڒՔڒwithڒtheڒexcepՒ ڒcontingentڒandڒinstrumentsڒfinancialڒderivativeڒofڒtion ڒcombinationռڒbusinessڒaڒfromڒresultingڒconsideration whichڒareڒmeasuredڒatڒfairڒvalueڒՔڒaccordingڒtoڒtheڒefՒ ڒdirectlyڒlessڒcostsڒamortisedڒatڒmethodڒinterestڒfective attributableڒtransactionڒcostsռڒwhereڒapplicableսڒLeasՒ ڒupڒdividedڒareڒlessorڒtheڒtoڒliabilitiesڒforڒpaymentsڒing ڒOnlyڒportionսڒredemptionڒaڒandڒportionڒinterestڒanڒinto ڒwithinڒexpenseڒasڒrecognisedڒisڒportionڒinterestڒthe ڒcostsսڒfinanceڒnetڒthe

Ԥօԥ Estimationڒuncertaintiesڒandڒ ڒdecisionsڒdiscretionary

ڒisڒitڒstatementsռڒfinancialڒconsolidatedڒtheڒpreparingڒIn ڒassumptionsڒandڒestimatesڒmakeڒtoڒnecessaryڒoften ڒconsolidatedڒtheڒinڒreportedڒitemsڒtheڒbothڒaffectڒthat ڒstatementռڒincomeڒconsolidatedڒtheڒandڒsheetڒbalance ڒtoڒnotesڒtheڒinڒcontainedڒdisclosuresڒtheڒinڒasڒwellڒas theڒconsolidatedڒfinancialڒstatementsսڒTheڒamountsڒacՒ ڒamountsսڒreportedڒtheڒfromڒdifferڒmayڒrealisedڒtually ڒtheڒonڒstatementڒincomeڒtheڒinڒrecognisedڒareڒChanges ڒڒgainedսڒisڒknowledgeڒimprovedڒanڒwhichڒatڒdate

ڒinڒoutlinedڒareڒmadeڒassumptionsڒandڒestimatesڒThe ڒinڒareasڒTheڒitemsսڒindividualڒtheڒonڒdisclosuresڒthe ڒtheڒareڒaffectedڒsignificantlyڒmostڒareڒamountsڒwhich ڒڒfollowingր

GoodwillڒisڒmeasuredڒonڒtheڒbasisڒofڒexpectedڒdevelՒ ڒandڒpropertyڒparametersռڒestimatedڒandڒopments ڒestimatedڒtheڒofڒbasisڒtheڒonڒmeasuredڒisڒequipment ڒmeasuredڒareڒassetsڒLeaseڒassetsսڒtheڒofڒlivesڒuseful ڒandڒvehiclesڒtheڒofڒlivesڒusefulڒestimatedڒtheڒonڒbased ڒtheڒofڒvalueڒresidualڒexpectedڒtheڒaccountڒintoڒtaking ڒonڒmeasuredڒareڒsaleڒforڒintendedڒassetsڒleaseڒvehicleռ ڒForڒvalueսڒrealisableڒnetڒexpectedڒtheڒofڒestimationڒthe ڒMobilityڒAllaneڒtheڒcontractsڒleaseڒisڒitڒclassifying GroupڒasڒaڒlessorռڒconcludesڒthatռڒforڒcontractsڒwithڒexՒ istingڒbuyՒbackڒagreementsڒwithڒtheڒsupplierڒofڒtheڒreՒ ڒrelevantڒallڒaccountڒintoڒtakingڒvehicleռڒspective ڒvalueڒresidualڒaڒdespiteڒconditionsռڒandڒcircumstances guaranteeռڒsubstantiallyڒallڒtheڒriskڒandڒrewardsڒinciՒ ڒremainsڒvehiclesڒunderlyingڒtheڒofڒownershipڒtoڒdental ڒGroupսڒMobilityڒAllaneڒtheڒwith

ڒbasedڒreceivablesڒonڒchargedڒareڒallowancesڒValuation ڒwhichڒrisksռڒcreditڒexpectedڒtheڒofڒassessmentڒanڒon ڒDerivativesڒexpectationsսڒmanagementڒonڒbasedڒare ڒyieldڒonڒbasedڒmodelڒcalculationڒaڒusingڒvaluedڒare ڒneedڒTheڒplatformսڒdataڒmarketڒaڒfromڒobtainedڒcurves ڒofڒestimateڒbestڒtheڒusingڒdeterminedڒisڒprovisionsڒfor ڒpresentڒtheڒofڒamountڒsettlementڒprobableڒmostڒthe obligationڒatڒtheڒbalanceڒsheetڒdateսڒProvisionsڒforڒpenՒ sionsڒareڒbasedڒonڒactuarialڒvaluationsڒderivedڒfromڒfiՒ ڒassumptionsսڒdemographicڒandڒnancial

ڒprovisioningڒriskڒrecognisedڒandڒreviewedڒregularlyڒThe forڒleaseڒassetsڒessentiallyڒrepresentsڒprovisionڒforڒfuՒ ڒofڒtermڒleaseڒindividualڒtheڒofڒendڒtheڒatڒmarketingڒture ڒrelevantڒtheڒofڒasڒportfolioڒcontractڒleasingڒexistingڒthe ڒrealisedڒbeenڒyetڒnotڒthereforeڒhasڒandڒdateڒreporting

ڒriskڒtheڒmeasuringڒForڒdateսڒreportingڒrelevantڒtheڒofڒas ڒusesڒthatڒmodelڒaڒappliesڒBoardڒManagingڒprovisioningռ externalڒindustryڒexpertiseڒtoڒpredictڒfutureڒdevelopՒ ڒtheڒinڒdevelopmentڒbusinessڒcurrentڒtheڒAsڒmentsս ڒotherڒandڒGroupڒMobilityڒAllaneڒtheڒofڒareaڒmarketing ڒcoronaڒanyڒindicatesڒhardlyڒmarketڒtheڒonڒcompanies ڒanyڒmakeڒnotڒdidڒBoardڒManagementڒtheڒinfluencesռ additionalڒallowanceڒforڒpossibleڒfutureڒcoronaڒinfluՒ ڒpreviousڒtheڒInڒexpertiseսڒindustryڒexternalڒtheڒinڒences yearռڒaڒpostՒmodelڒadjustmentڒwasڒmadeڒtoڒtheڒexterՒ nalڒresidualڒvaluesڒdueڒtoڒtheڒCOVIDՒ1ԚڒpandemicսڒAsڒ ڒnoڒ2021ڒDecemberڒ1ԓڒofڒasڒvaluesڒresidualڒexternalڒthe ڒeffectsռڒCoronaڒnegativeڒsignificantڒanyڒcontainڒlonger theڒExecutiveڒBoardڒnoڒlongerڒmadeڒaڒpostڒmodelڒadՒ ڒcurrentڒtheڒbyڒsupportedڒisڒapproachڒThisڒjustmentս businessڒdevelopmentڒinڒtheڒmarketingڒareaڒofڒtheڒAlՒ ڒofڒdevelopmentڒbusinessڒtheڒandڒGroupڒMobilityڒlane otherڒcompaniesڒonڒtheڒmarketռڒwhichڒnoڒlongerڒindiՒ ڒtheڒtoڒdueڒHoweverռڒeffectsսڒcoronaڒsignificantڒanyڒcate uniqueڒnatureڒofڒtheڒCOVIDՒ1ԚڒpandemicڒandڒitsڒuncerՒ ڒhowڒpredictڒtoڒdifficultڒcurrentlyڒisڒitڒdevelopmentռڒtain ڒcurrentڒTheڒfutureսڒtheڒinڒdevelopڒwillڒpricesڒcarڒused ڒreflectedڒalsoڒisڒcarsڒusedڒforڒtrendڒpriceڒpositiveڒvery ڒMobilityڒAllaneڒtheڒthatڒvaluesڒresidualڒexpectedڒtheڒin ڒandڒproviderڒserviceڒexternalڒanڒfromڒreceivesڒGroup ڒtheڒofڒvaluationڒtheڒforڒbasisڒaڒasڒusedڒthereforeڒwas ڒwithڒsayڒtoڒpossibleڒnotڒisڒitڒHoweverռڒvaluesսڒresidual ڒtrendڒpriceڒpositiveڒthisڒwhetherڒpresentڒatڒcertainty ڒyearsսڒnextڒtheڒforڒcontinueڒactuallyڒwill

TradeڒreceivablesڒconsistڒofڒleaseڒinstalmentsڒdueڒimՒ mediatelyڒorڒinڒtheڒshortڒtermڒԼoperateڒleaseԽڒandڒreՒ ڒfullڒfromڒtermڒshortڒtheڒinڒorڒimmediatelyڒdueڒceivables serviceռڒfleetڒmanagementڒandڒvehicleڒsalesսڒFurtherՒ moreռڒtoڒaڒsignificantڒlowerڒextentռڒfinanceڒleaseڒreceivՒ ڒreceivablesڒcurrentڒsubstantiallyڒareڒwhichڒexistռڒables ڒanyڒthatڒexpectsڒGroupڒMobilityڒAllaneڒTheڒwellսڒas paymentڒdifficultiesڒandڒdefaultsڒdueڒtoڒtheڒCOVIDՒ1Ԛڒ pandemicڒinڒtheڒnationalڒeconomiesڒandڒdueڒtoڒgeopoՒ ڒgoodsڒofڒshortagesڒeconomicڒandڒdevelopmentsڒlitical ڒlongڒtoڒmediumڒtheڒinڒfeltڒbeڒonlyڒwillڒmaterialsڒrawڒand termռڒifڒatڒallսڒDueڒtoڒtheڒshortՒtermڒnatureڒofڒourڒreՒ ڒnotڒdoڒGroupڒMobilityڒAllaneڒtheڒportfolioռڒceivables ڒexpectedڒtheڒcalculatingڒwhenڒscenariosڒtheseڒweight ڒandڒmonitoringڒwarningռڒearlyڒourڒofڒpartڒAsڒlossսڒcredit controlڒmeasuresռڒweڒhaveڒnotڒyetڒidentifiedڒanyڒsignifiՒ cantڒdirectڒimpactڒofڒtheڒCOVIDՒ1ԚڒpandemicڒonڒourڒreՒ ڒareڒpartnersڒourڒofڒreceivablesڒTheڒportfolioսڒceivables ڒareڒweڒnecessaryռڒifڒandռڒmonitoredڒcontinuouslyڒbeing ڒpositionڒriskڒourڒkeepڒtoڒmeasuresڒshortՒtermڒtaking

ڒinڒisڒprocessڒassessmentڒcreditڒappropriateڒAnڒlowս ڒڒfutureսڒtheڒinڒbusinessڒnewڒforڒplace

ڒtheڒstatementsռڒfinancialڒconsolidatedڒtheڒpreparingڒIn AllaneڒMobilityڒGroupڒhasڒassessedڒtheڒpotentialڒimՒ pactڒofڒclimateڒchangeڒandڒrelatedڒfutureڒregulatoryڒreՒ ڒaccordinglyսڒaccountڒintoڒthemڒtakenڒandڒquirements ڒfinancialڒconsolidatedڒtheڒofڒpreparationڒtheڒDuring ڒassetsռڒnonՒcurrentڒonڒeffectsڒpotentialڒstatementsռ provisionsڒandڒfutureڒcashڒflowsڒwereڒtakenڒintoڒacՒ countڒinڒsignificantڒestimatesڒandڒassessmentsڒandڒinՒ ڒgoodwillڒofڒtestsڒImpairmentڒpossibleսڒasڒfarڒasڒcluded ڒwereڒlivesڒusefulڒindefiniteڒwithڒassetsڒintangibleڒand performedڒonڒtheڒpremiseڒofڒpotentialڒeffectsڒonڒplanՒ ningڒandڒthusڒinڒderivingڒfutureڒcashڒflowsսڒFurtherՒ ڒforڒneedڒtheڒdevelopmentsռڒtheseڒonڒbasedڒmoreռ ڒusefulڒtoڒadjustmentsڒorڒtestsڒimpairmentڒeventՒdriven livesڒofڒotherڒnonՒcurrentڒnonՒfinancialڒassetsڒisڒasՒ ڒsessedս

BasedڒonڒtheڒpointsڒpresentedڒhereռڒthereڒareڒnoڒmateՒ ڒofڒstatementsڒfinancialڒconsolidatedڒtheڒonڒeffectsڒrial ڒGroupսڒMobilityڒAllaneڒthe

ԥօ Explanationsڒandڒdisclosuresڒonڒ ڒconsolidatedڒtheڒofڒitemsڒindividual ڒstatementsڒfinancial

ԥօԢ Incomeڒstatementڒ

ՑԔս1ՑڒRevenueڒisڒbrokenڒdownڒasڒfollowsրڒ

ڒRevenue

ڒڒ	ڒGermany		ڒAbroad		ڒTotal		Change
inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ	ԣԡԣԢ	ԣԡԣԡ	ԣԡԣԢ	ԣԡԣԡ	inڒٝ
Leasing Businessڒ ڒUnitڒ
LeasingڒrevenueڒԼfinanceڒrateԽڒ	ԢԨԦքԤԤԪ	ԢԪԤքԧԡԡ	ԣԥքԡԩԨ	ԣԣքԩԨԣ	ԢԪԪքԥԣԨ	ԣԢԧքԥԨԤ	ՔԨօԪ
Otherڒrevenueڒfromڒleasingڒbusinessڒ	ԢԢԨքԡԡԪ	ԢԥԡքԡԨԪ	ԢԧքԤԥԥ	ԢԧքԧԪԩ	ԢԤԤքԤԦԤ	ԢԦԧքԨԨԧ	ՔԢԥօԪ
Salesڒrevenueڒ	ԣԨԦքԧԢԩ	ԣԦԢքԩԡԦ	ԢԧքԨԢԢ	ԢԨքԡԩԨ	ԣԪԣքԤԣԪ	ԣԧԩքԩԪԢ	ԩօԨ
Totalڒ	ԨԧԦ քԪԧԨ	ԦԩԦքԥԩԤ	ԦԨքԢԥԢ	ԦԧքԧԦԨ	ԧԣԦքԢԡԩ	ԧԥԣքԢԥԡ	–ԣօԨ
ڒڒ ڒFleet Management Businessڒ ڒUnitڒ	ڒ
Fleetڒmanagementڒrevenueڒ	ԤԨքԡԪԡ	ԤԩքԦԧԨ	ԢԧքԢԦԧ	ԢԢքԥԦԪ	ԦԤքԣԥԧ	Ԧԡքԡԣԧ	ԧօԥ
Salesڒrevenueڒ	ԧ ԣքԡԪԦ	ԦԦքԦԦԨ	Ւ	Ւ	ԧԣքԡԪԦ	ԦԦքԦԦԨ	ԢԢօԩ
Totalڒ	ԪԪ քԢԩԦ	ԪԥքԢԣԤ	ԢԧքԢԦԧ	ԢԢքԥԦԪ	ԢԢԦքԤԥԢ	ԢԡԦքԦԩԣ	Ԫօԣ
ڒڒ Groupڒtotalڒ	ڒ Ԩԧԧ քԢԦԣ	ԧԨԪքԧԡԨ	ԨԤքԣԪԩ	ԧԩքԢԢԧ	ԨԥԡքԥԦԡ	ԨԥԨքԨԣԤ	–Ԣօԡڒ

ڒLeasingڒsegmentsռڒtwoڒtheڒintoڒdividedڒisڒGroupڒThe ڒtheڒformڒunitsڒbusinessڒTheseڒManagementսڒFleetڒand basisڒofڒsegmentڒreportingսڒTheڒmainڒactivitiesڒareڒbroՒ ڒfollowsրڒasڒdownڒken

ڒSegments
ڒLeasing	Vehicle leasingڒ includingڒ ڒadditionalڒ ڒforڒservices companies asڒwellڒasڒ privateڒforڒ individualsڒ ڒandڒ leaseڒofڒsale ڒassetsڒ
FleetՒ	ڒFleet management servicesڒ saleڒandڒ ڒusedڒofڒ
management ڒ	customer ڒvehiclesڒ

ڒfromڒrevenueڒotherڒrateԽռڒԼfinanceڒrevenueڒLeasing leasingڒbusinessڒandڒfleetڒmanagementڒrevenueڒareڒtoՒ ڒrevenueڒSalesڒrevenueիսڒժoperatingڒasڒdescribedڒgether ڒitemսڒthisڒinڒincludedڒnotڒare

InڒtheڒLeasingڒbusinessڒunitռڒoperatingڒrevenueڒcomՒ prisesڒincomeڒfromڒcontractuallyڒagreedڒleaseڒinstalՒ ڒserviceڒtoڒrelatingڒrevenueڒasڒwellڒasڒmentsռ ڒasڒwellڒasڒetcսռڒtiresռڒfuelռڒrepairsռڒasڒsuchڒcomponents ڒandڒclaimsڒaccidentڒofڒsettlementڒtheڒfromڒrevenue ڒfeesսڒfranchise

TheڒleasingڒsegmentڒinڒgeneralڒsellsڒitsڒvehiclesڒdiՒ ڒofڒsaleڒtheڒfromڒproceedsڒallڒrepotsڒthereforeڒandڒrectly ڒrevenueսڒsalesڒunderڒvehiclesڒused

InڒtheڒFleetڒManagementڒbusinessڒunitڒfleetڒmanageՒ ڒserviceڒtoڒrelatingڒrevenueڒcomprisesڒrevenueڒment ڒfromڒrevenueڒandڒfeesڒserviceڒcontractualڒcomponentsռ ڒFleetڒtheڒAdditionallyռڒclaimsսڒaccidentڒofڒsettlement ڒofڒsaleڒtheڒfromڒrevenueڒreportsڒsegmentڒManagement ڒڒcustomersսڒfromڒboughtڒvehiclesڒused

ڒcompensationڒincludeڒGroupڒSEڒAllaneڒtheڒofڒRevenues paymentsڒfromڒthirdڒpartiesڒtotallingڒEURڒԗռ2ԔԘڒthouՒ sandڒԼ2020րڒEURڒԙռԓ0ԚڒthousandԽսڒ

ՑԔս2ՑڒOtherڒoperatingڒincomeڒinڒtheڒamountڒofڒԙռ01ԙڒ EURڒthousandڒԼ2020րڒ10ռԕԗԗڒEURڒthousandԽڒincludeڒinՒ comeڒofڒEURڒ1ռ0ԚԓڒthousandڒԼ2020րڒEURڒ1ռԓԕ0ڒthouՒ ڒcorrespondingڒTheڒtranslationڒcurrencyڒfromڒsandԽ ڒwithinڒincludedڒareڒtranslationڒcurrencyڒfromڒexpenses otherڒoperatingڒexpensesսڒThisڒitemڒalsoڒincludesڒinՒ ڒtheڒinڒpartiesڒthirdڒtoڒallocationsڒcostڒfromڒcome amountڒofڒEURڒ1ԗԕڒthousandڒԼ2020րڒEURڒ2ԕԔڒthouՒ ڒtheڒinڒprovisionsڒofڒreversalڒtheڒfromڒincomeڒsandԽռ amountڒofڒEURڒ21ԚڒthousandڒԼ2020րڒEURڒԕԓԕڒ

Ԛԗ ڒ2021ڒReportڒAnnual ڒgroupڒmobilityڒallane

ڒtheڒinڒcapitalizedڒworkڒownڒfromڒincomeڒandڒthousandԽ amountڒofڒEURڒԓռԓԕԙڒthousandڒԼ2020րڒEURڒԓռԓԚ0ڒthouՒ ڒofڒincomeڒoperatingڒotherڒyearխsڒpreviousڒTheڒsandԽս EURڒ10ռԕԗԗڒthousandڒwasڒreducedڒbyڒEURڒԓռ11ԕڒthouՒ sandڒcomparedڒwithڒtheڒpreviousڒyearխsڒfinancialڒstateՒ ڒitemsսڒotherڒunderڒreportedڒwasڒamountڒthisڒandڒments OfڒtheڒEURڒԓռ11ԕڒthousandռڒEURڒ2ռԕԚԘڒthousandڒwasڒ ڒlossesՎincomeڒimpairmentڒnetڒitemڒtheڒinڒrecognized fromڒfinancialڒassetsڒandڒEURڒԕ1ԙڒthousandڒinڒtheڒitemڒ ڒڒassetsսڒfinancialڒofڒderecognitionڒfromڒlossesڒnet

ՑԔսԓՑڒFleetڒexpensesڒandڒcostڒofڒleaseڒassetsڒareڒbroՒ ڒfollowsրڒasڒdownڒken

ڒofڒcostڒandڒexpensesڒFleet

ڒassetsڒlease

inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ	Changeڒinڒٝ
SellingڒexpensesԢڒ	ԤԤԢքԧԣԪ	ԤԣԢքԧԧԦ	ԤօԢ
Fuelڒ	ԥԢքԩԪԩ	ԥԧքԤԡԦ	ՔԪօԦ
ڒRepairք maintenance ڒandڒ
reconditioningڒڒ	ԧ ԡքԪԣԪ	ԧԥքԪԥԥ	Քԧօԣ
Insuranceڒ	Ԫ քԤԨԦ	ԩքԢԥԢ	ԢԦօԣ
Externalڒrentڒexpensesڒ	Ԧ քԣԡԩ	ԥքԦԥԤ	Ԣԥօԧ
Vehicle licensesڒ ڒandڒ
deregistrationڒ	ԥքԤԪԣ	ԧքԨԩԧ	ՔԤԦօԤ
Transportationڒ	ԥքԤԣԤ	ԦքԤԪԦ	ՔԢԪօԪ
Taxesڒandڒduesڒ	ԤքԢԡԨ	ԤքԡԩԤ	ԡօԩ
Radioڒlicenseڒfeesڒ	ԢքԦԢԪ	ԢքԦԨԤ	ՔԤօԥ
Vehicleڒreturnڒexpensesڒ	ԤքԣԤԥ	ԥքԣԧԨ	Քԣԥօԣ
Otherڒexpensesڒ	Ԩ քԥԨԨ	ԨքԡԦԨ	ԧօԡ
Groupڒtotalڒ	ԥԨԤքԡԪԢ	ԥԨԤքԨԦԩ	–ԡօԢ

Ԑ ڒofڒsaleڒforڒheldڒassetsڒleasedڒonڒgainsڒimpairmentڒIncludingڒ EURڒԐսԑڒmillionڒԼԑԏԑԏրڒImpairmentڒlossesڒEURڒԏսԔڒmillionԽ

ՑԔսԔՑڒPersonalڒexpensesڒraisedڒfromڒEURڒԔ2ռԚԓԔڒthouՒ sandڒtheڒyearڒbeforeڒtoڒEURڒԕ0ռ0Ԙԗڒthousandڒinڒtheڒ ڒnumberڒtheڒinڒincreaseڒtheڒtoڒdueڒռڒreviewռڒunderڒyear ڒpreviousڒtheڒtoڒcomparedڒGroupڒtheڒinڒemployeesڒof ڒtheڒincludeڒmainlyڒcontributionsڒsecurityڒSocialڒyearս ڒschemesڒinsuranceڒstatutoryڒtoڒcontributionsڒemployer ڒwellڒasڒcontributionڒdefinedڒtheڒforڒexpensesڒtheڒand ڒtoڒrelateڒmainlyڒTheseڒplansսڒpensionڒbenefitڒdefinedڒas ڒthousandڒռԚԔԘ2ڒEURڒofڒamountsڒinsuranceڒpension Լ2020րڒEURڒ2ռԕԙԓڒthousandԽڒprimarilyڒresultڒfromڒtheڒ statutoryڒGermanڒpensionڒinsuranceսڒExpensesڒforڒdeՒ ڒEURڒofڒamountڒtheڒinڒincludedڒareڒplansڒbenefitڒfined ڒthousandԽսڒ101ڒEURڒր2020ԼڒthousandڒԔ10

ڒexpensesڒPersonnel

inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ	Changeڒinڒٝ
Wagesڒandڒsalariesڒ	ԥԣքԪԤԧ	ԤԨքԡԦԡ	ԢԦօԪ
Social ڒsecurityڒ
contributionsڒ	Ԩ քԢԥԡ	Ԧքԩԩԥ	ԣԢօԥ
Groupڒtotalڒ	Ԧ ԡքԡԨԧ	ԥԣքԪԤԥ	Ԣԧօԧ

ڒڒyearրڒtheڒduringڒemployeesڒofڒnumberڒAverage

EmployeesڒinڒtheڒGroupڒ	ԣԡԣԢ	ԣԡԣԡ
Femaleڒemployeesڒ	ԤԣԤ	ԤԤԡ
Maleڒemployeesڒ	ԤԪԣ	ԤԧԤ
Groupڒtotalڒ	Ԩ ԢԦ	ԧԪԤ

TheڒLeasingڒbusinessڒunitڒemployedڒԗԓ0ڒԼ2020րڒԗ0ԗԽڒ ڒbusinessڒManagementڒFleetڒtheڒandڒstaffڒofڒmembers unitڒԙԕڒԼ2020րڒԙԘԽڒmembersڒofڒstaffսڒ

ՑԔսԕՑڒNetڒLossesڒarisingڒfromڒtheڒderecognitionڒofڒfiՒ ڒtheڒDuringڒlossրڒorڒprofitڒinڒrecognisedڒassetsڒnancial ڒexpensesڒandڒincomeڒfollowingڒtheڒyearռڒfinancialڒ2021 ڒimpairedڒtoڒrelationڒinڒlossڒandڒprofitڒinڒrecognizedڒwere ڒcostsսڒamortisedڒatڒmeasuredڒassetsڒfinancial

ڒtheڒfromڒarisingڒlossesڒNet ڒassetsڒfinancialڒofڒderecognition

inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ	Changeڒinڒٝ
Income ڒfromڒ derecognized ڒ receivablesڒ	ԢքԡԢԥ	ԦԢԩ	ԪԦօԩ
Expenses ڒfromڒ derecognized ڒ
receivablesڒ	Քԥքԣԡԥ	ՔԧքԧԣԢ	ՔԤԧօԦ
Groupڒtotalڒ	– ԤքԢԪԡ	–ԧքԢԡԤ	–ԥԨօԨ

ڒtheڒforڒstatementڒincomeڒtheڒinڒincludedڒwasڒitemڒThis ڒfigureڒyearխsڒpreviousڒTheڒyearսڒfinancialڒtheڒinڒtimeڒfirst ofڒEURڒԕ1ԙڒthousandڒԼincomeڒfromڒderecognizedڒreՒ ڒfinancialڒpriorՒyearڒtheڒinڒreportedڒwasڒceivablesԽ statementsڒunderڒotherڒoperatingڒincomeսڒTheڒpriorՒ yearڒfigureڒofڒEURڒՒԗռԗ21ڒthousandڒԼexpensesڒfromڒdeՒ ڒpriorՒyearڒtheڒinڒreportedڒwasڒreceivablesԽڒrecognized ڒexpensesսڒoperatingڒotherڒunderڒstatementsڒfinancial

ڒassetsڒfinancialڒfromڒlossesՎgainsڒimpairmentڒNetڒՑԔսԗՑ ڒfinancialڒ2021ڒtheڒDuringڒlossրڒandڒprofitڒinڒrecognized ڒinڒrecognizedڒwereڒgainsՎlossesڒfollowingڒtheڒyearռ ڒassetsڒfinancialڒimpairedڒtoڒrelationڒinڒlossڒorڒprofit ڒcostsսڒamortisedڒatڒmeasured

ڒfromڒlossesՎgainsڒimpairmentڒNet ڒassetsڒfinancial

inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ	Changeڒinڒٝ
Reversal ڒpreviousڒofڒ impairment ڒlossesڒ ڒtradeڒon
receivablesڒ	ԩ Ԣԡ	ԣքԦԪԨ	Քԧԩօԩ
Impairment ڒlossesڒ ڒtradeڒon
receivablesڒ Impairment ڒlossesڒ on receivablesڒ ڒfromڒ	ՔԦԡ	ՔԦԢԤ	ՔԪԡօԤ
affiliateڒcompaniesڒ	ՔԢքԦԥԩ	ԡ	ڒ֐Ԣԡԡօԡ
Groupڒtotalڒ	ԩԩԨ–	ԣքԡԩԥ	<ڒ–Ԣԡԡօԡ

ڒtheڒforڒstatementڒincomeڒtheڒinڒincludedڒwasڒitemڒThis ڒfigureڒyearխsڒpreviousڒTheڒyearսڒfinancialڒtheڒinڒtimeڒfirst ڒlossesԽڒimpairmentڒofڒԼreversalڒthousandڒռԕԚԘ2ڒEURڒof wasڒreportedڒinڒtheڒpriorՒyearڒfinancialڒstatementsڒunՒ ڒfigureڒyearխsڒpreviousڒTheڒincomeսڒoperatingڒotherڒder ofڒEURڒՒԕ1ԓڒthousandڒԼimpairmentڒlossesԽڒwasڒreՒ ڒunderڒstatementsڒfinancialڒyearխsڒpreviousڒtheڒinڒported ڒexpensesսڒoperatingڒother

ڒotherڒofڒbreakdownڒaڒcontainsڒtableڒfollowingڒTheڒՑԔսԘՑ ڒexpensesրڒoperating

ڒexpensesڒoperatingڒOther

inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ	Changeڒinڒٝ
Rental expensesڒ ڒforڒ
businessڒpremisesڒ	ԢքԨԣԦ	ԢքԢԥԦ	Ԧԡօԧ
Other andڒsellingڒ ڒmarketingڒ
expensesڒ	ԥքԢԧԥ	ԥքԨԢԦ	ՔԢԢօԨ
legalքڒAuditք advisoryڒ ڒcostsքڒ
investorڒand ڒrelationsڒ
expensesڒ	ԢԥքԤԨԪ	ԧքԥԪԢ	֐Ԣԡԡ
Otherڒpersonnelڒservicesڒ	ԣքԢԥԣ	ԢքԩԢԥ	ԢԩօԢ
ITڒexpensesڒ	ԢԡքԨԧԤ	ԦքԩԪԡ	ԩԣօԨ
Expenses ڒforeignڒforڒ
currencyڒtranslationڒ	ԪԦԪ	ԢքԣԪԨ	ՔԣԧօԢ
Miscellaneousڒexpensesڒ	ԤքԢԨԩ	ԥքԩԡԣ	ՔԤԤօԩ
Groupڒtotalڒ	ԤԨքԤԢԡ	ԣԧքԢԦԦ	ԥԣօԧ

RentalڒexpensesڒforڒbusinessڒpremisesڒincludeڒexՒ ڒ2ԓԕڒEURڒofڒamountڒtheڒinڒleasesڒshortՒtermڒforڒpenses thousandڒԼ2020րڒEURڒԓ0ԗڒthousandԽսڒTotalڒpaymentsڒ ڒyearڒfinancialڒ2021ڒtheڒinڒcontractsڒleasingڒforڒmade amountedڒtoڒEURڒԚռԔԚ1ڒthousandڒԼ2020րڒEURڒ 10ռԙ2ԔthousandԽսڒ

TheڒconsolidatedڒfinancialڒstatementsڒofڒAllaneڒSEڒrecՒ ڒ20ԔڒEURڒofڒamountڒtheڒinڒexpenseڒoperatingڒasڒognise thousandڒtheڒfeesڒforڒtheڒauditorڒofڒtheڒconsolidatedڒfiՒ ڒforڒfeesڒofڒentirelyڒconsistڒandڒ2021ڒstatementsڒnancial ڒAllaneڒofڒstatementsڒfinancialڒconsolidatedڒTheڒauditsս ڒoperatingڒasڒrecognisedڒyearڒfinancialڒ2020ڒtheڒinڒSE ڒfeesڒtheڒthousandڒԗԕ2ڒEURڒofڒamountڒtheڒinڒexpense forڒtheڒauditorsڒofڒtheڒconsolidatedڒfinancialڒstateՒ ڒԕԘ2ڒԼEURڒcostsڒauditڒintoڒdownڒbreakڒfeesڒTheڒmentsս ڒthousandԽսڒԙڒԼEURڒservicesڒassuranceڒotherڒthousandԽռ

ڒռԘԗԓ10ڒEURڒtoڒyearՒonՒyearڒincreasedڒexpensesڒIT ڒacquisitionڒtheڒtoڒdueڒmainlyڒisڒincreaseڒThisڒthousandս ڒservicesڒITڒTheڒGmbHսڒEuropeڒBankڒCapitalڒHyundaiڒby previouslyڒprovidedڒbyڒSixtڒGmbHڒԱڒCoսڒAutovermieՒ ڒbyڒorڒitselfڒcompanyڒtheڒbyڒprovidedڒbeڒwillڒKGڒtung otherڒserviceڒprovidersڒinڒtheڒfutureսڒTheڒincreaseڒinڒleՒ ڒresultsڒthousandڒԔռԓԘԚ1ڒEURڒtoڒcostsڒadvisoryڒandڒgal ڒagainstڒlitigationڒthisڒfromڒresultingڒcostsڒfromڒmainly ڒCompanyսڒthe

ڒڒofڒexpensesڒoperatingڒotherڒyearխsڒpreviousڒThe EURڒ2ԗռ1ԕԕڒthousandڒwereڒreducedڒbyڒEURڒԘռ1ԓԔڒthouՒ sandڒcomparedڒwithڒtheڒpreviousڒyearխsڒfinancialڒstateՒ ڒitemsսڒotherڒunderڒreportedڒwasڒamountڒthisڒandڒments OfڒtheڒEURڒԘռ1ԓԔڒthousandռڒEURڒԕ1ԓڒthousandڒwasڒreՒ portedڒunderڒnetڒimpairmentڒlossesՎincomeڒfromڒfinanՒ ڒlossesڒnetڒunderڒthousandڒ21ԗռԗڒEURڒandڒassetsڒcial ڒassetsսڒfinancialڒofڒderecognitionڒtheڒfrom

ڒtheڒinڒamortisationڒandڒdepreciationڒforڒExpensesڒՑԔսԙՑ ڒbelowրڒdetailsڒmoreڒinڒexplainedڒareڒyearڒfinancial

ڒamortisationڒandڒDepreciation

inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ	Changeڒinڒٝ
Leaseڒassetsڒ	ԢԧԢքԨԨԤ	ԢԩԨքԢԥԡ	ՔԢԤօԧ
Propertyڒandڒequipmentڒ	ԥքԢԨԨ	ԣքԥԨԩ	ԧԩօԧ
Intangibleڒassetsڒ	Ԧ քԡԧԪ	ԢքԧԡԪ	֐Ԣԡԡ
Groupڒtotalڒ	ԢԨԢքԡԢԪ	ԢԪԢքԣԣԩ	–Ԣԡօԧ

ڒbelowڒdecreasedڒhasڒassetsڒleaseڒofڒdepreciationڒThe priorڒyearիsڒlevelڒtoڒEURڒ1ԗ1ռԘԘԓڒthousandڒԼEURڒ1ԙԘռ1Ԕ0ڒ thousandԽռڒmainlyڒdueڒtoڒtheڒlowerڒlevelڒofڒleasedڒasՒ ڒimpairmentڒlowerڒandڒyearڒfinancialڒ2021ڒtheڒinڒsets ڒtheڒatڒvaluesڒresidualڒexpectedڒhigherڒtoڒdueڒlosses ڒassetsڒintangibleڒofڒAmortisationڒtermսڒleaseڒtheڒofڒend ڒdevelopedڒinternallyڒofڒcompletionڒtheڒtoڒdueڒincreased ڒfinancialڒ2021ڒtheڒinڒsoftwareڒacquiredڒandڒsoftware ڒyearս

ڒyearՒonՒyearڒimprovedڒhaveڒcostsڒFinanceڒNetڒՑԔսԚՑ fromڒEURڒՔ11ռ0ԙ1ڒthousandڒtoڒEURڒՔԗռԙԗ1ڒthousandռڒ

ڒtheڒofڒrefinancingڒfavourableڒmoreڒaڒtoڒdueڒmainly ڒaڒandڒyearڒfinancialڒ2020ڒtheڒofڒendڒtheڒatڒrepaidڒbonds ڒtableڒfollowingڒTheڒvolumeսսڒfinancingڒlowerڒgenerally ڒcostրڒfinanceڒnetڒtheڒofڒbreakdownڒaڒcontains

ڒcostsڒfinanceڒNet

inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ
Otherڒinterestڒandڒsimilarڒincomeڒ	ԣԤԡ	Ԥԥԣ
Other interestڒ similarڒandڒ ڒincomeڒ
fromڒrelatedڒpartiesڒ	ԩԦ	ԤԨ
Interestڒandڒsimilarڒexpensesڒ	ՔԨքԡԥԪ	ՔԢԢքԣԧԩ
Interest similarڒandڒ expensesڒ ڒforڒ
relatedڒpartiesԢڒ	ՔԣԦԧ	ՔԢԦ
Otherڒnetڒfinancialڒresultڒ	ԢԦԦ	ՔԢԨԨ
Groupڒtotalڒ	ԧ– քԩԧԢ	–ԢԢքԡԩԢ

1 ڒunderڒreportedڒwereڒpartiesڒrelatedڒtoڒexpensesڒsimilarڒandڒInterestڒ ڒyearսڒpreviousڒtheڒinڒexpensesڒsimilarڒandڒinterest

ڒEURڒtoڒamountedڒliabilitiesڒleaseڒforڒexpensesڒInterest ڒyearրڒԼpreviousڒyearڒfinancialڒ2021ڒtheڒinڒthousandڒԚԗ2 ڒthousandԽսڒԘԓ1ڒEUR

TheڒotherڒnetڒfinancialڒresultڒmainlyڒconsistsڒofڒtheڒreՒ alisationڒandڒineffectiveڒportionڒofڒtheڒhedgingڒrelationՒ ڒinvestmentsսڒforڒexpenseڒtheڒasڒwellڒasڒships

ՑԔս10ՑڒIncomeڒtaxڒexpenseڒcomprisesڒtheڒfollowingրڒ

ڒexpenseڒtaxڒIncome

inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ	Changeڒinڒٝ
Current incomeڒ ڒtheڒforڒtaxڒ
reportingڒperiodڒ	ԣքԨԤԢ	ԣքԪԢԨ	Քԧօԥ
Deferredڒtaxesڒ	ՔԣքԥԤԧ	ԥքԡԣԤ	֐ՒԢԡԡ
Groupڒtotalڒ	ԣԪԦ	ԧքԪԥԢ	–ԪԦօԩ

ڒyearڒfinancialڒtheڒforڒexpenseڒtaxڒincomeڒcurrentڒThe 2021ڒofڒEURڒ2ռԘԓ1ڒthousandڒԼ2020րڒEURڒ2ռԚ1ԘڒthouՒ ڒtheڒinڒyearsڒpreviousڒfromڒexpenseڒtaxڒincludesڒsandԽ amountڒofڒEURڒԙ1ڒthousandԼ2020րڒtaxڒincomeڒofڒEURڒ ڒthousandԽսڒԔԔԔ

TheڒfollowingڒtaxڒreconciliationڒexplainsڒtheڒrelationՒ ڒexpenseڒtaxڒeffectiveڒandڒexpectedڒtheڒbetweenڒship ڒtheڒfromڒresultsڒexpenseڒtaxڒexpectedڒTheڒreportedս applicationڒofڒanڒincomeڒtaxڒrateڒofڒ2ԗսԓٝڒԼ2020րڒ 2ԗսԓٝԽڒtoڒconsolidatedڒprofitڒforڒtheڒperiodڒԼbeforeڒ

ڒisڒrateڒtaxڒincomeڒTheڒIFRSսڒwithڒaccordanceڒinڒtaxesԽ madeڒupڒofڒcorporationڒtaxڒatڒ1ԕٝڒԼ2020րڒ1ԕٝԽڒaڒsoliՒ darityڒsurchargeڒofڒԕսԕٝڒԼ2020րڒԕսԕٝԽڒasڒwellڒasڒtradeڒ taxڒaڒ10սԕٝڒԼ2020րڒ10սԕٝԽսڒ

ڒtaxesڒofڒReconciliation

inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ
Consolidated ڒ beforeڒprofit ڒinڒtaxesڒ
accordanceڒwithڒIFRSڒ	ԧ քԢԤԤ	ԪքԢԢԥ
Expectedڒincomeڒtaxڒexpenseڒ	ԢքԧԢԤ	ԣքԤԪԦ
Effect differentڒofڒ ratesڒtaxڒ ڒoutsideڒ
Germanyڒ	ՔԦԣ	ՔԥԨ
Changesڒinڒpermanentڒdifferencesڒ	Ԥԩԧ	Ւ
Changesڒinڒimpairmentsڒ	ՔԤԢԪ	ԨԢԢ
NonՒdeductibleڒoperatingڒexpensesڒ	ԢԩԤ	Ԩԧ
TaxՒexemptڒincomeڒ	Ւ	Ւ
Income taxesڒ otherڒfromڒ ڒperiodsڒ
ԼcurrentڒandڒdeferredԽڒ	ԩ Ԣ	ԥԥԥ
Changeڒinڒtaxڒratesڒ	ՔԥԦ	Ւ
Otherڒeffectsڒ	ՔԢքԦԦԤ	ԤքԤԧԣ
Reportedڒtaxڒexpenseڒ	ԣԪԦ	ԧքԪԥԢ

TheڒotherڒeffectsڒmainlyڒrelateڒtoڒincomeڒfromڒtheڒfirstՒ timeڒrecognitionڒofڒdeferredڒtaxڒassetsڒdueڒtoڒtheڒnonՒ ڒAllaneڒofڒaccountsڒtaxڒtheڒinڒprovisionڒaڒofڒrecognition ڒSEս

ڒimpactڒwithoutڒtaxڒdeferredڒռ2021ڒDecemberڒ1ԓڒatڒAs onڒtheڒincomeڒstatementڒamountedڒtoڒEURڒ2Ԕ1ڒthouՒ sandڒԼ2020րڒEURڒԓԗڒthousandԽսڒTheڒchangeڒcomparedڒ ڒthousandڒԕ20ڒEURڒtoڒamountsڒyearڒpreviousڒtheڒto Լ2020րڒՔ101ڒthousandԽսڒ

ڒhasڒstatementڒincomeڒtheڒinڒrecognisedڒtaxڒDeferred ڒfollowsրڒasڒdeveloped

ڒtaxesڒDeferred

Groupڒtotalڒ	– ԣքԥԤԧ	ԥքԡԣԤ
Fromڒlossڒcarryforwardsڒ	ԣԣԢ	ԩԤԥ
Fromڒtemporaryڒdifferencesڒ	ՔԣքԧԦԩ	ԤքԢԩԪ
inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ

TheڒfollowingڒoverviewڒoutlinesڒtheڒsourcesڒofڒtheڒdeՒ ڒliabilitiesրڒandڒassetsڒtaxڒferred

ڒtaxesڒDeferred

ԤԢڒDecօڒԣԡԣԡ
ԣԪքԢԧԢ
ԢքԦԤԨ
ԩքԡԢԣ
ԣքԧԣԩ
Ւ
ԥԢքԤԤԩ
ԥքԪԦԦ
ԤԧքԤԩԤ

DeferredڒtaxڒassetsڒandڒdeferredڒtaxڒliabilitiesڒareڒoffՒ ڒsetڒtoڒrightڒenforceableڒlegallyڒaڒhasڒGroupڒtheڒifڒsetռ offڒtheڒcurrentڒincomeڒtaxڒassetsڒagainstڒcurrentڒinՒ comeڒtaxڒliabilitiesڒandڒtheyڒrelateڒtoڒincomeڒtaxesڒlevՒ ڒauthorityսڒtaxڒsameڒtheڒbyڒied

ڒofڒcarriedՒforwardڒlossesڒtaxڒcorporateڒunusedڒtheڒOn EURڒ12ռ1ԕԙڒthousandڒԼ2020րڒEURڒ10ռԚ0ԚڒthousandԽڒnoڒ ڒEURڒofڒrespectڒinڒrecognisedڒwereڒassetsڒtaxڒdeferred ԙռԚ10ڒthousandڒԼ2020րڒEURڒԙռԕԕ1ڒthousandԽڒandڒonڒtheڒ unusedڒtradeڒtaxڒlossesڒcarriedՒforwardڒofڒEURڒԙռ0ԗԓڒ thousandڒԼ2020րڒEURڒԙռԔԕԗڒthousandԽڒnoڒdeferredڒtaxڒ assetsڒwereڒrecognisedڒforڒEURڒԔռԙ1ԗڒthousandڒԼ2020րڒ ڒforڒcarryՒforwardsڒlossڒTheڒthousandԽսڒԘռԔԓԗڒEUR ڒareڒrecognisedڒbeenڒhaveڒassetsڒtaxڒdeferredڒwhich expectedڒtoڒbeڒusedڒduringڒtheڒfiveՒyearڒplanningڒpeՒ ڒindefinitelyսڒforwardڒcarriedڒbeڒmayڒlossesڒTheڒriodս

TheڒdevelopmentڒofڒdeferredڒtaxڒliabilitiesڒonڒleaseڒasՒ setsڒhasڒresultedڒfromڒtheڒincreasingڒdifferenceڒbeՒ ڒvalueսڒbaseڒtaxڒtheڒandڒamountڒcarryingڒIFRSڒtheڒtween

ڒtheڒinڒdifferencesڒtemporaryڒdeductibleڒnoڒwereڒThere financialڒyearڒforڒwhichڒnoڒdeferredڒtaxesڒwereڒrecogՒ ڒthousandԽսڒEURڒ0ڒր2020Լڒnised

ڒinڒrealizationڒuponڒtaxableڒdifferencesڒtemporaryڒThe connectionڒwithڒinterestsڒheldڒinڒtheڒGroupխsڒsubsidiarՒ iesڒandڒforڒwhichڒnoڒdeferredڒtaxڒliabilitiesڒwereڒrecogՒ ڒEURڒtoڒamountڒpresentedڒperiodsڒreportingڒtheڒinڒnised 1ռԓԕԗڒthousandڒԼ2020րڒEURڒԙ0ԘڒthousandԽսڒ

ՑԔս11ՑTheڒConsolidatedڒprofitڒamountsڒtoڒEURڒԕռԙԓԙڒ thousandڒԼ2020րڒEURڒ2ռ1ԘԓڒthousandԽսڒAsڒinڒtheڒpreviՒ ڒconsideredսڒbeڒtoڒnotڒareڒinterestsڒminorityڒyearڒous

InڒtheڒpreviousڒyearڒaڒdividendڒofڒEURڒ0ս02ڒڒperڒordiՒ ڒtotalڒaڒtoڒcorrespondsڒThisڒpaidսڒwasڒshareڒnary

ڒEURڒofڒamountڒtheڒinڒshareholdersڒtoڒdistribution ڒڒyearսڒfinancialڒtheڒinڒrecognisedڒthousandռڒ12Ԕ

ڒaڒisڒ2021ڒyearڒfinancialڒtheڒforڒproposalڒdividendڒThe dividendڒofڒEURڒ0ս0ԗڒperڒordinaryڒshareսڒThisڒcorreՒ spondsڒtoڒanڒestimatedڒtotalڒdistributionڒofڒEURڒ1ռ2ԓԘڒ thousandڒforڒtheڒyearڒunderڒreviewսڒTheڒproposedڒdiviՒ dendڒisڒdependentڒuponڒaڒcorrespondingڒresolutionڒbeՒ ڒnotڒwasڒandڒMeetingڒGeneralڒAnnualڒtheڒbyڒpassedڒing ڒfinancialڒconsolidatedڒtheڒinڒliabilityڒaڒasڒrecognised ڒtoڒsubjectڒisڒproposalڒdividendڒexactڒTheڒstatementsս theڒapprovalڒofڒtheڒsupervisoryڒboardڒandڒwillڒbeڒpubՒ ڒGeneralڒAnnualڒ2022ڒtheڒforڒagendaڒtheڒwithڒlished ڒtheڒofڒexpectationsڒanyڒaccountڒintoڒtakingڒMeetingռ ڒrespectսڒthisڒinڒauthoritiesڒsupervisory

ՑԔս12ՑEarningsڒperڒshareڒareڒasڒfollowsրڒ

Earningsڒperڒshareڒ		ԣԡԣԢ	ԣԡԣԡ
Consolidated ڒprofitڒ	ڒEURڒin
	thouօ	ԦքԩԤԩ	ԣքԢԨԤ
Profit attributableڒ ڒtoڒ	ڒEURڒin
shareholders ڒ ڒSEڒAllaneڒof	thouօ	ԦքԩԤԩ	ԣքԢԨԤ
Weighted averageڒ ڒofڒnumberڒ
sharesڒ	ڒ	ԣԡքԧԢԢքԦԪԤ	ԣԡքԧԢԢքԦԪԤ
Earnings shareڒperڒ ڒandڒbasicڒՔڒ
dilutedڒ	inڒEUR	ԡօԣԩ	ԡօԢԢ

ڒdividingڒbyڒdeterminedڒisڒshareڒperڒearningsڒbasicڒThe ڒtheڒtoڒtaxesڒafterڒearningsڒofڒshareڒparentիsڒthe ڒcurrentڒtheڒduringڒsharesڒofڒnumberڒaverageڒweighted ڒcalculatedڒisڒshareڒperڒearningsڒDilutedڒyearսڒfinancial ڒinstrumentsڒdilutiveڒallڒofڒconversionڒofڒbasisڒtheڒon ڒsharesսڒordinaryڒinto

ڒoverڒoutstandingڒinstrumentsڒfinancialڒnoڒwereڒThere ڒeffectsսڒdilutiveڒcauseڒcouldڒthatڒyearڒfinancialڒthe ڒinڒcorrespondڒshareڒperڒearningsڒdilutedڒtheڒThereforeռ ڒڒshareսڒperڒearningsڒbasicڒtheڒtoڒamountڒthe

ԥօԣ BalanceڒSheetڒ

ڒAssets

ՑԔս1ԓՑڒbisڒՑԔս1ԗՑڒTheڒchangesڒinڒtheڒGroupիsڒnonՒcurrentڒ ڒbelowրڒshownڒareڒassetsԽڒfinancialڒԼwithoutڒassets

ڒofڒstatementڒConsolidated ڒassetsڒnonՒcurrentڒinڒchanges

ڒڒ	Acquisition ڒandڒ production costsڒ
inڒEURڒthouօڒ	ԢڒJanօڒԣԡԣԢ	ڒForeign ڒexchange differences	Additions	Disposals	Transfers	ڒDecօڒԤԢ ԣԡԣԢ
Goodwillڒ	ԥքԣԪԤ	Ԩ	-	-	-	ԥքԤԡԡ
Purchasedڒsoftwareڒ	ԤքԨԡԦ	Ւ	Ԧքԩԡԣ	Ւ	Ւ	ԪքԦԡԨ
Internallyڒdevelopedڒsoftwareڒ	ԢԨքԥԧԧ	Ւ	Ւ	ԥԩԥ	ԩքԩԨԪ	ԣԦքԩԧԢ
Internally developedڒ ڒinڒsoftwareڒ
progressڒ	Ԧ քԡԨԧ	Ւ	ԥքԦԡԤ	Ւ	ՔԩքԩԨԪ	Ԩԡԡ
Paymentsڒonڒaccountڒofڒsoftwareڒ	Ւ	Ւ	ԣԣԣ	Ւ	Ւ	ԣԣԣ
Intangibleڒassetsڒ	ԣԧքԣԥԨ	-	ԢԡքԦԣԨ	ԥԩԥ	-	ԤԧքԣԪԡ
Rightڒofڒuseڒassetsڒ	ԢԤքԪԨԩ	ԦԪ	ԢԡքԢԧԧ	ԦԪ	Ւ	ԣԥքԢԥԥ
Operatingڒandڒofficeڒequipmentڒ	Ԩ քԢԪԣ	ԢԢ	ԦքԦԨԢ	ԣքԡԢԪ	ԧԣԣ	ԢԢքԤԨԨ
Propertyڒandڒequipmentڒ	ԣԢքԢԧԪ	ԨԢ	ԢԦքԨԤԨ	ԣքԡԨԩ	ԧԣԣ	ԤԦքԦԣԢ
Leaseڒassetsڒ	ԢքԤԡԨքԧԧԨ	ԣքԦԡԩ	ԤԢԦքԩԥԣ	ԥԤԡքԤԧԦ	–ԧԣԣ	ԢքԢԪԦքԡԤԡ
Totalڒ	ԢքԤԦԪքԤԨԧ	ԣքԦԩԧ	ԤԥԣքԢԡԧ	ԥԤԣքԪԣԨ	-	ԢքԣԨԢքԢԥԢ

ڒofڒstatementڒConsolidated changesڒinڒnonՒcurrentڒassets

costsڒproductionڒandڒAcquisition ڒڒ

inڒEURڒthouօڒ	ԢڒJanօڒԣԡԣԡ	ڒForeign ڒexchange differences	Additions	Disposals	Transfers	ڒDecօڒԤԢ ԣԡԣԡ
Goodwillڒ	ԣքԤԢԤ	Ԣ	ԢքԪԨԪ	-	-	ԥքԣԪԤ
Purchasedڒsoftwareڒ	ԤքԥԨԥ	Ւ	ԣԤԢ	Ւ	Ւ	ԤքԨԡԦ
Internallyڒdevelopedڒsoftwareڒ	Ԧ քԦԪԣ	Ւ	Քԡ		ԢԢքԩԨԤ	ԢԨքԥԧԧ
Internally developedڒ ڒinڒsoftwareڒ progressڒ	Ԫ քԤԥԪ	Ւ	Ԩքԧԡԡ		ՔԢԢքԩԨԤ	ԦքԡԨԧ
Intangibleڒassetsڒ	ԢԩքԥԢԦ	-	ԨքԩԤԢ	–ԡ	-	ԣԧքԣԥԨ
Rightڒofڒuseڒassetsڒ	ԢԤքԨԧԧ	ԧ	ԢքԧԦԥ	ՔԢքԥԥԪ	Ւ	ԢԤքԪԨԩ
Operatingڒandڒofficeڒequipmentڒ	ԤքԥԨԧ	ՔԢ	ԢքԥԤԩ	Ԩ	ԣքԣԩԧ	ԨքԢԪԣ
Propertyڒandڒequipmentڒ	ԢԨքԣԥԢ	Ԧ	ԤքԡԪԤ	ԢքԥԦԧ	ԣքԣԩԧ	ԣԢքԢԧԪ
Leaseڒassetsڒ	ԢքԤԥԥքԧԡԣ	ԣԩԢ	ԥԤԡքԤԣԡ	ԥԧԦքԣԦԡ	–ԣքԣԩԧ	ԢքԤԡԨքԧԧԨ
Totalڒ	ԢքԤԩԣքԦԨԣ	ԣԩԨ	ԥԥԤքԣԣԣ	ԥԧԧքԨԡԧ	-	ԢքԤԦԪքԤԨԧ

ڒ	DepreciationՎAmortisation ڒ				Carrying ڒamountsڒ
ԢڒJanօڒԣԡԣԢ	ڒForeign ڒexchange differences	DepreciationՎ Amortisation ڒ theڒin ڒfinancialڒ year	Disposals	Transfers	ԤԢڒDecօڒԣԡԣԢ	ԤԢڒDecօڒԣԡԣԢ	ԤԢڒDecօڒԣԡԣԡ
-	-	-	-	-	-	ԥքԤԡԡ	ԥքԣԪԤ
ԤքԥԨԡ	Ւ	ԤԢԤ	Ւ	Ւ	ԤքԨԩԤ	ԦքԨԣԥ	ԣԤԦ
ԥքԡԧԨ	Ւ	ԥքԨԦԧ	ԥԩԥ	Ւ	ԩքԤԥԡ	ԢԨքԦԣԢ	ԢԤքԤԪԩ
Ւ	Ւ	Ւ	Ւ	Ւ	Ւ	Ԩԡԡ	ԦքԡԨԧ
Ւ	Ւ	Ւ	Ւ	Ւ	Ւ	ԣԣԣ	Ւ
ԨքԦԤԩ	-	ԦքԡԧԪ	ԥԩԥ	-	ԢԣքԢԣԤ	ԣԥքԢԧԩ	ԢԩքԨԡԪ
Ԥքԩԡԣ	Ԣԧ	ԣքԧԣԣ	Ւ	Ւ	ԧքԥԥԡ	ԢԨքԨԡԥ	ԢԡքԢԨԦ
ԣքԪԪԤ	ԧ	ԢքԦԦԦ	ԩԢԪ	ԢԪԧ	ԤքԪԤԣ	Ԩքԥԥԥ	ԥքԢԪԪ
ԧքԨԪԦ	ԣԣ	ԥքԢԨԨ	ԩԢԪ	ԢԪԧ	ԢԡքԤԨԣ	ԣԦքԢԥԩ	ԢԥքԤԨԥ
ԣԢԦքԢԤԣ	ԧԧԡ	ԢԧԢքԨԨԤ	ԢԨԨքԨԢԧ	–ԢԪԧ	ԢԪԪքԧԦԣ	ԪԪԦքԤԨԩ	ԢքԡԪԣքԦԤԦ
ԣԣԪքԥԧԦ	ԧԩԣ	ԢԨԢքԡԢԪ	ԢԨԪքԡԢԪ	-	ԣԣԣքԢԥԨ	ԢքԡԥԩքԪԪԥ	ԢքԢԣԪքԪԢԢ

DepreciationՎAmortisation ڒ					Carrying	ڒamountsڒ
ԢڒJanօڒԣԡԣԡ	ڒForeign ڒexchange differences	DepreciationՎ Amortisation ڒ theڒin ڒfinancialڒ year	Disposals	Transfers	ԤԢڒDecօڒԣԡԣԡ	ڒDecօڒԤԢ ԣԡԣԡ	ڒDecօڒԤԢ ԣԡԢԪ
-	-	-	-	-	-	ԥքԣԪԤ	ԣքԤԢԤ
ԤքԥԦԪ	Ւ	ԢԢ	Ւ	Ւ	ԤքԥԨԡ	ԣԤԦ	ԢԦ
ԣքԥԧԪ	Ւ	ԢքԦԪԩ	Ւ	Ւ	ԥքԡԧԨ	ԢԤքԤԪԩ	ԤքԢԣԤ
Ւ	Ւ	Ւ	Ւ	Ւ	Ւ	ԦքԡԨԧ	ԪքԤԥԪ
ԦքԪԣԩ	-	ԢքԧԡԪ	-	-	ԨքԦԤԩ	ԢԩքԨԡԪ	ԢԣքԥԩԨ
ԢքԩԡԪ	Քԡ	ԢքԪԪԤ	Ւ	Ւ	Ԥքԩԡԣ	ԢԡքԢԨԦ	ԢԢքԪԦԧ
ԢքԩԥԪ	ԡ	ԥԩԦ	ԥ	ԧԧԤ	ԣքԪԪԤ	ԥքԢԪԪ	Ԣքԧԣԧ
ԤքԧԦԪ	–ԡ	ԣքԥԨԩ	ԥ	ԧԧԤ	ԧքԨԪԦ	ԢԥքԤԨԥ	ԢԤքԦԩԤ
ԣԣԥքԪԤԣ	ԩԧ	ԢԩԨքԢԥԡ	ԢԪԧքԤԧԥ	–ԧԧԤ	ԣԢԦքԢԤԣ	ԢքԡԪԣքԦԤԦ	ԢքԢԢԪքԧԨԡ
ԣԤԥքԦԢԪ	ԩԧ	ԢԪԢքԣԣԩ	ԢԪԧքԤԧԩ	-	ԣԣԪքԥԧԦ	ԢքԢԣԪքԪԢԢ	ԢքԢԥԩքԡԦԤ

ՑԔս1ԓՑڒGoodwillڒamountingڒtoڒEURڒԔռԓ00ڒthousandڒ Լ2020րڒEURڒԔռ2ԚԓڒthousandԽڒresultedڒfromڒconsolidaՒ tionڒofڒtheڒcompaniesڒautohaus2ԔڒGmbHռڒPullachռڒAlՒ ڒSixtڒԼformerlyڒUrdorfڒAGռڒConsultingڒMobilityڒlane ڒtheڒandڒԗռ201ڒinڒacquiredڒbothڒAGԽռڒConsultingڒMobility ڒtheڒinڒincludedڒPullachռڒGmbHռڒFlottenmeisterڒcompany 201ԚڒfinancialڒyearռڒwhichڒwasڒmergedڒwithڒAllaneڒMoՒ bilityڒConsultingڒGmbHڒԼformerlyڒSixtڒMobilityڒConsultՒ ڒ2020ڒtheڒInڒyearսڒfinancialڒ2020ڒtheڒinڒGmbHԽڒing ڒoperationsڒbusinessڒtheڒofڒpartsڒmaterialڒyearռڒfinancial ڒwellڒasڒacquiredڒwereڒGarchingռڒGmbHռڒSalesڒCarڒSLڒof asڒassetsڒandڒcontractsڒaffiliatedڒwithڒthisڒbusinessڒopՒ ڒlossesڒimpairmentڒnoڒbeforeռڒyearڒtheڒinڒAsڒerationս ڒyearսڒfinancialڒtheڒinڒthemڒforڒrecognisedڒwere

ՑԔս1ԔՑڒIntangibleڒassetsڒincludeڒinternallyڒdevelopedڒ softwareڒamountingڒtoڒEURڒ1Ԙռԕ21ڒthousandڒԼ2020րڒEURڒ ڒamountingڒsoftwareڒpurchasedڒandڒthousandԽڒԓռԓԚԙ1 toڒEURڒԕռԘ2ԔڒthousandڒԼ2020րڒEURڒ2ԓԕڒthousandԽսڒItڒ ڒinternallyڒofڒrespectڒinڒpaymentsڒadvanceڒincludesڒalso ڒthousandڒ00ԘڒEURڒtoڒamountingڒsoftwareڒdeveloped Լ2020րڒEURڒԕռ0ԘԗڒthousandԽսڒڒ

ՑԔս1ԕՑڒTheڒitemڒPropertyڒandڒequipmentڒincludesڒoperՒ ڒITڒcarsռڒCompanyڒԼmainlyڒequipmentڒofficeڒandڒating ڒinڒequipmentԽڒofficeڒandڒfittingڒandڒfixturesڒsystemsռ theڒamountڒofڒEURڒԘռԔԔԔڒthousandڒԼ2020րڒEURڒԔռ1ԚԚڒ thousandԽռڒasڒwellڒasڒrightՒofՒuseڒassetsڒԼmainlyڒpropՒ ertiesԽڒinڒtheڒamountڒofڒEURڒ1ԘռԘ0ԔڒthousandڒԼ2020րڒ ڒnewڒaڒyearռڒfinancialڒ2021ڒtheڒInڒthousandԽսڒԘԕ1ռ10ڒEUR ڒremarketingڒnewڒaڒforڒconcludedڒwasڒagreementڒlease ڒtoڒledڒessentiallyڒwhichڒBerlinՒLudwigsfeldeռڒinڒlocation ڒassetsսڒrightՒofՒuseڒinڒincreaseڒan

ՑԔս1ԗՑڒLeaseڒassetsڒdecreasedڒtoڒEURڒԚԚԕսԔڒmillionڒ Լ2020րڒEURڒ1ռ0Ԛ2սԕڒmillionԽսڒTheڒGroupڒasڒlessorڒpriՒ marilyڒleasesڒoutڒvehiclesڒofڒvariousڒbrandsռڒmainlyڒunՒ ڒoutstandingڒTheڒagreementsսڒleaseڒfullՒserviceڒder ڒareڒcontractsڒleaseڒoperatingڒfromڒpaymentsڒlease ڒyearsրڒfollowingڒtheڒoverڒspread

ڒLeasesڒOperating

	ڒDecօڒԤԢ	ڒDecօڒԤԢ
in ڒthouօڒEURڒ	ԣԡԣԢ	ԣԡԣԡ
ԣԡԣԢڒ	ڒ	ԢԨԢքԪԪԧ
ԣԡԣԣڒ	ԢԦԦքԨԨԥ	ԢԡԧքԣԩԦ
ԣԡԣԤڒ	Ԫ ԢքԥԤԤ	ԥԩքԩԦԨ
ԣԡԣԥڒ	ԤԪքԧԦԦ	ԢԣքԣԢԩ
ԣԡԣԦڒ	ԢԢքԦԨԡ	Ԫԣԩ
ԣԡԣԧڒ	Ԣքԣԥԧ	Ԣ
ԣԡԣԨڒandڒlaterڒ	ԤԤ	ԡ
ڒ ڒ	ԣԪԪքԨԢԢ	Ԥԥԡքԣԩԧ

ڒinstalmentsڒleaseڒtheڒonlyڒcontainڒstatedڒamountsڒThe withoutڒserviceڒcomponentsսڒTheڒfixedՒtermڒagreeՒ mentsڒusuallyڒcontainڒagreementsڒonڒtheڒvehiclesիڒmileՒ ڒpaymentsڒleaseڒcontingentڒresultingڒTheڒageս ڒyearڒfinancialڒcurrentڒtheڒinڒincomeڒasڒrecognised amountedڒtoڒEURڒՔԓսԕڒmillionڒԼ2020րڒEURڒՔ0սԕڒmillionԽսڒ InڒadditionڒtoڒtheseռڒtheڒGroupڒestimatedڒcalculatedڒreՒ ڒtheڒinڒagreementsڒbuybackڒbyڒcoveredڒvaluesڒsidual amountڒofڒEURڒ1ԗԓڒmillionڒԼ2020րڒEURڒ21ԕڒmillionԽڒandڒ ڒthirdڒbyڒcoveredڒnotڒvaluesڒresidualڒcalculatedڒfurther partiesڒinڒtheڒamountڒofڒEURڒԗ1ԓڒmillionڒԼ2020րڒEURڒ ڒmillionڒսԘ0ڒEURڒofڒlossesڒImpairmentڒmillionԽսڒԗԓԘ Լ2020րڒEURڒԔսԕڒmillionԽڒwereڒrecognisedڒonڒleaseڒasՒ ڒreviewսڒunderڒyearڒtheڒinڒsets

asՒڒleaseڒ2021ڒDecemberڒ1ԓڒdateڒreportingڒtheڒofڒAs setsڒofڒEURڒԓԓսԘڒmillionڒԼ2020րڒEURڒԔԘսԗڒmillionԽڒareڒ pledgedڒasڒcollateralڒtoڒbanksսڒFurthermoreռڒleaseڒasՒ setsڒwasڒassignedڒasڒaڒsecurityڒasڒpartڒofڒtheڒABSՒproՒ gramڒinڒtheڒamountڒofڒEURڒԔԗԓսԔڒmillionڒԼ2020րڒEURڒ ڒmillionԽսڒԕԕԙսԗ

ڒfinanceڒunderڒrefinancedڒwereڒvehiclesڒleaseڒCertain ڒtheڒasڒmaturitiesڒsameڒtheڒhavingڒagreementsڒlease ڒuntilڒLeasebackՒtransactionsڒandڒԼSaleڒvehiclesڒlease ڒaڒinڒstructuredڒwereڒagreementsڒTheseڒԙԽս201ڒDecսڒ1ԓ ڒtoڒattributableڒremainڒvehiclesڒrefinancedڒtheڒthatڒway ڒmoreڒnoڒwereڒthereڒռ2021ڒDecemberڒ1ԓڒatڒAsڒGroupսڒthe SaleڒandڒLeasebackՒtransactionsڒԼ2020րڒEURڒ ڒupڒofڒvalueڒresidualڒaڒhaveڒagreementsڒTheڒmillionԽսڒսԙ2 toڒthreeڒyearsڒandڒprovideڒforڒfullڒamortisationսڒTheڒobՒ ligationsڒarisingڒfromڒtheseڒwereڒreportedڒunderڒfinanՒ ڒyearսڒpreviousڒtheڒinڒliabilitiesڒcial

ՑԔս1ԘՑڒInventoriesڒconsistڒmainlyڒofڒleaseڒassetsڒinՒ ڒthousandڒԓԙռԔԙԙڒEURڒofڒamountڒtheڒinڒsaleڒforڒtended Լ2020րڒEURڒԕ2ռԕ2ԘڒthousandԽսڒڒ

ՑԔս1ԙՑڒTradeڒreceivablesڒresultڒalmostڒexclusivelyڒfromڒ ڒfleetڒandڒleasingڒofڒcourseڒtheڒinڒinvoicedڒservices managementڒbusinessڒandڒfromڒvehicleڒdeliveriesսڒValՒ ڒcreditڒexpectedڒforڒrecognisedڒwereڒallowancesڒuation ڒlossesս

ՑԔս1ԚՑڒOtherڒreceivablesڒandڒassetsڒcanڒbeڒbrokenڒ ڒasրڒdown

ڒassetsڒandڒreceivablesڒOther

in ڒthouօڒEURڒ	ڒDecօڒԤԢ ԣԡԣԢ	ڒDecօڒԤԢ ԣԡԣԡ
Financial otherڒ receivablesڒ ڒandڒ ڒassets	ڒ
ڒ Financeڒleaseڒreceivablesڒ	ԢքԦԥԣ	ԧքԦԢԡ
Interest ڒ ڒswapڒrateڒ	Ԩԩԩ	ԣԤ
ڒ Miscellaneousڒassetsڒ	ԢԣքԢԦԪ	ԢԥքԤԥԧ
NonՒfinancial otherڒ receivablesڒ ڒandڒ ڒassets	ڒ
ڒ Otherڒtaxڒreceivablesڒ	ԩԨ Ԥ	ԤքԢԨԤ
ڒ Insuranceڒclaimsڒ	ԩ քԤԪԧ	ԩքԧԤԧ
ڒ Deferredڒexpenseڒ	ԥքԨԩԨ	ԥքԪԣԩ
ڒ Claimsڒforڒvehicleڒdeliveriesڒ	Ւ	ԨԨԢ
Groupڒtotalڒ	ԣԩքԥԦԦ	ԤԩքԤԩԨ
ڒڒ thereofڒcurrentڒ	ڒ ԣԧքԧԨԪ	ԤԨքԥԪԪ
thereofڒnonՒcurrentڒ	ԢքԨԨԨ	ԩԩԩ

TheڒfinanceڒleaseڒreceivablesڒresultڒfromڒleaseڒagreeՒ ڒfinanceڒasڒclassifiedڒareڒthatڒcustomersڒwithڒments ڒatڒfixedڒisڒleasesڒtheڒinڒimplicitڒrateڒinterestڒTheڒleasesս ڒTheڒtermսڒentireڒtheڒforڒleaseڒtheڒofڒinceptionڒthe ڒofڒpartڒtheڒonڒoptionsڒputڒcontainڒpartlyڒagreements ڒfinanceڒonڒallowanceڒvaluationڒTheڒlessorսڒasڒGroupڒthe ڒԼpreviousڒmillionڒ0ռ0ڒEURڒtoڒamountedڒreceivablesڒlease ڒleaseڒoutstandingڒTheڒtotalսڒinڒmillionԽڒ0ռ0ڒEURڒyear ڒoverڒspreadڒareڒcontractsڒleaseڒfinanceڒfromڒpayments ڒڒfollowsրڒasڒyearsڒfollowingڒthe

ڒleasesڒFinance

	ڒDecօڒԤԢ	ڒDecօڒԤԢ
in ڒthouօڒEURڒ	ԣԡԣԢ	ԣԡԣԡ
ڒԣԡԣԢ	ڒ	Ԧ ԨԩԨք
ԣԡԣԣڒ	Ԩ Ԣԧ	ԦԨԪ
ԣԡԣԤڒ	ԧ ԢԨ	ԣԡԨ
ԣԡԣԥڒ	ԤԢԥ	ԧԧ
ԣԡԣԦڒ	ԤԦ	ԥ
ԣԡԣԧڒ	ԢԢ	ԡ
ԣԡԣԨڒandڒlaterڒ	ԡ	ԡ
ڒ ڒ	ԢքԧԪԤ	ԧքԧԥԣ

MiscellaneousڒassetsڒmainlyڒincludeڒvolumeڒbonusڒreՒ ڒڒprovidersսڒserviceڒandڒsuppliersڒfromڒceivables

ڒpaymentsڒadvanceڒofڒmainlyڒconsistڒexpensesڒDeferred ڒadvanceڒservicesռڒotherڒandڒlicensesڒfutureڒforڒmade ڒvehicleڒandڒinsuranceڒproductՒrelatedڒforڒpayments ڒrelatingڒcustomersڒtoڒmadeڒpaymentsڒbonusڒandڒtaxesռ ڒleaseսڒtheڒofڒperiodڒentireڒtheڒto

ՑԔս20ՑڒBankڒbalancesڒofڒEURڒ1ռԗԕԕڒthousandsڒԼ2020րڒ ڒatڒdepositsڒshortՒtermڒincludeڒthousandsԽڒռԓԘԔ2ڒEUR ڒDecemberڒ1ԓڒOnڒmonthսڒoneڒtoڒupڒofڒtermsڒwithڒbanks ڒliabilitiesռڒbankڒcurrentڒaboutڒreducedڒpositionڒtheڒ2021 ڒEURڒofڒamountڒtheڒinڒliabilitiesռڒfinancialڒtheڒinڒincluding 2ռ0Ԙ2ڒthousandڒcorrespondingڒtheڒtotalڒliquidڒfundsڒinڒ poՒڒtheڒ2020ڒDecemberڒ1ԓڒOnڒstatementսڒflowڒcashڒthe ڒinڒincludingڒliabilitiesռڒbankڒcurrentڒaboutڒreducedڒsition ڒռԔԔԔ2ڒEURڒofڒamountڒtheڒinڒliabilitiesռڒfinancialڒthe ڒtheڒinڒfundsڒliquidڒtotalڒtheڒcorrespondingڒthousand ڒstatementսڒflowڒcash

ڒliabilitiesڒandڒEquity

TheڒAllaneڒMobilityڒGroupիsڒequityڒincreasedڒyearՒonՒ yearڒtoڒaڒtotalڒofڒEURڒ220ռ1Ԛ2ڒthousandڒԼ2020րڒ EURڒ212ռԙԕ1ڒthousandsԽսڒThereinռڒtheڒsubscribedڒcapiՒ ڒ12ռԗ20ڒEURڒtoڒunchangedڒamountedڒSEڒAllaneڒofڒtal ڒthousandս

ՑԔս21ՑڒSubscribedڒcapitalڒofڒAllaneڒSEڒ

ڒcapitalڒShare

	ڒNoՒpar ڒvalue	ڒNominal value	ڒNoՒpar ڒvalue	ڒNominal value
ڒڒ	shares	inڒEUR ڒDecօڒԤԢ	shares	inڒEUR ڒDecօڒԤԢ
ڒڒ		ԣԡԣԢ		ԣԡԣԡ
ڒOrdinary
sharesڒ	ԣԡքԧԢԢքԦԪԤ	ԣԡքԧԢԢքԦԪԤ	ԣԡքԧԢԢքԦԪԤ	ԣԡքԧԢԢքԦԪԤ
Totalڒ	ԣԡքԧԢԢքԦԪԤ	ԣԡքԧԢԢքԦԪԤ	ԣԡքԧԢԢքԦԪԤ	ԣԡքԧԢԢքԦԪԤ

TheڒshareڒcapitalڒisڒfullyڒpaidڒupսڒTheڒsubscribedڒcapiՒ ڒaڒtoڒamountsڒ2021ڒDecemberڒ1ԓڒofڒasڒSEڒAllaneڒofڒtal totalڒofڒ20ռԗ11ռԕԚԓս00ڒeurosڒandڒisڒdividedڒintoڒ 20ռԗ11ռԕԚԓڒordinaryڒbearerڒsharesսڒTheڒsharesڒofڒtheڒ ڒproՒrataڒaڒwithڒsharesڒvalueڒnoՒparڒareڒCompany ڒshareսڒperڒ00ս1ڒEURڒofڒcapitalڒsubscribedڒofڒamount ڒobligationsڒandڒrightsڒTheڒinսڒpaidڒfullyڒareڒsharesڒThe ofڒtheڒshareholdersڒareڒsetڒoutڒinڒdetailڒinڒtheڒproviՒ ڒinڒԼAktGԽռڒActڒCorporationڒStockڒGermanڒtheڒofڒsions ڒԙԗ1ڒandڒseqսڒetڒԙ11ڒseqսռڒetڒԕԓaڒռ12ڒsectionsڒparticular ڒAktGս

ڒcapitalڒConditional

InڒaccordanceڒwithڒsectionڒԔڒԼԔԽڒofڒtheڒArticlesڒofڒAsՒ ڒMeetingڒGeneralڒAnnualڒtheڒofڒresolutionڒbyڒsociationռ condiՒڒisڒcapitalڒshareڒCompanyխsڒtheڒԗռ201ڒJuneڒ1ڒof tionallyڒincreasedڒbyڒupڒtoڒaڒtotalڒofڒEURڒԔռ122ռԓ1ԙս00ڒ ڒCapitalڒConditionalڒTheڒԗԽս201ڒCapitalڒԼConditional 201ԗڒservesڒtheڒpurposeڒofڒgrantingڒsharesڒtoڒtheڒholdՒ ڒtheڒasڒwellڒasڒbondsڒconvertibleڒofڒcreditorsڒandՎorڒers holdersڒofڒoptionڒrightsڒfromڒoptionڒbondsսڒFurtherڒdeՒ tailsڒfollowڒfromڒtheڒaforementionedڒarticleڒofڒtheڒArtiՒ ڒAssociationսڒofڒcles

InڒadditionռڒtheڒCompanyխsڒshareڒcapitalڒhasڒbeenڒconՒ ditionallyڒincreasedڒbyڒaڒtotalڒofڒupڒtoڒEURڒ1ռ000ռ000ս00ڒ ڒԔڒsectionڒwithڒaccordanceڒinڒԘԽ201ڒCapitalڒԼConditional ڒtheڒofڒresolutionڒbyڒAssociationڒofڒArticlesڒtheڒofڒԼԕԽ ڒConditionalڒԘս201ڒJuneڒԚ2ڒonڒMeetingڒGeneralڒAnnual Capitalڒ201ԘڒisڒusedڒtoڒserviceڒtheڒstockڒoptionڒproՒ ڒextentڒtheڒtoڒeffectedڒbeڒonlyڒwillڒandڒԘ201ڒgramme thatڒsubscriptionڒrightsڒareڒissuedڒunderڒtheڒstockڒopՒ tionڒprogrammeڒ201ԘڒandڒtheڒholdersڒofڒtheڒsubscripՒ ڒFurtherڒrightsսڒexerciseڒtheirڒofڒuseڒmakeڒrightsڒtion detailsڒfollowڒfromڒtheڒaforementionedڒarticleڒofڒtheڒArՒ ڒAssociationսڒofڒticles

ڒbondsڒconvertibleڒissueڒtoڒAuthorisation ڒwarrantsڒwithڒbondsڒandՎor

ڒJuneڒ1ڒofڒMeetingڒGeneralڒAnnualڒtheڒofڒresolutionڒBy ڒtheڒwithڒauthorisedռڒwasڒBoardڒManagingڒtheڒԗռ201 ڒbearerڒissueڒtoڒBoardռڒSupervisoryڒtheڒofڒconsent ڒwithڒbondsڒandՎorڒbondsڒconvertibleڒregisteredڒandՎor ڒincludingڒandڒtoڒupڒoccasionsڒmoreڒorڒoneڒonڒwarrants ڒEURڒtoڒupڒofڒamountڒtotalڒaڒforڒ2021ڒMayڒ1ԓ 200ռ000ռ000ս00ڒwithڒaڒlimitedڒorڒunlimitedڒtermڒandڒtoڒ ڒorڒconversionڒbondsڒofڒcreditorsڒorڒholdersڒtheڒgrant optionڒrightsڒtoڒsubscribeڒtoڒaڒtotalڒofڒupڒtoڒԔռ122ռԓ1ԙڒ ڒwithڒSEڒLeasingڒSixtڒofڒsharesڒbearerڒvalueڒnoՒparڒnew ڒaڒtoڒcapitalڒshareڒtheڒofڒamountڒproportionateڒtotalڒa totalڒofڒupڒtoڒEURڒԔռ122ռԓ1ԙս00ڒinڒaccordanceڒwithڒtheڒ ڒbondsڒorڒbondsڒconvertibleڒtheڒofڒconditionsڒandڒterms ڒdidڒgrantingڒandڒissueڒcorrespondingڒAڒwarrantsսڒwith ڒyearսڒfinancialڒ2021ڒtheڒinڒplaceڒtakeڒnot

ՑԔս22ՑڒRetainedڒearnings

ڒearningsڒRetained

inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ
BalanceڒasڒatڒԢڒJanօڒ	Ԫ քԨԥԦ	ԪքԤԤԨ
Transferڒtoڒretainedڒearningsڒ	ԢքԤԡԡ	ԥԡԩ
BalanceڒasڒatڒԤԢڒDecօڒ	ԢԢքԡԥԦ	ԪքԨԥԦ

ՑԔս22ՑڒCurrencyڒtranslationڒreserve

ڒtranslationڒCurrency

ڒreserve

inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ
BalanceڒasڒatڒԢڒJanօڒ	ԣքԡԩԤ	ԣքԡԣԤ
Differences arisingڒ theڒfromڒ translationڒ ڒtheڒofڒ
financialڒstatementsڒofڒforeignڒsubsidiariesڒ	ԧԪԦ	ԧ ԡ
BalanceڒasڒatڒԤԢڒDecօڒ	ԣքԧԩԡ	ԣքԡԩԤ

ՑԔս22ՑڒOtherڒEquity

ڒequityڒOther

inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ
BalanceڒasڒatڒԢڒJanօڒ	ԥԦքԪԣԣ	ԧԣքԧԧԥ
Consolidatedڒprofitڒ	Ԧ քԩԤԩ	ԣքԢԨԤ
Dividendsڒpaidڒ	ՔԥԢԣ	ՔԢԩքԦԦԡ
Otherڒcomprehensiveڒincomeڒ	ԣԣ	ԥԤ
Transferڒtoڒretainedڒearningsڒ	ՔԢքԤԡԡ	Քԥԡԩ
BalanceڒasڒatڒԤԢڒDecօڒ	Ԧ ԡքԡԨԡ	ԥԦքԪԣԣ

OtherڒequityڒmainlyڒincludesڒtheڒconsolidatedڒunapproՒ ڒinitialڒtheڒfromڒreserveڒrevaluationڒtheڒandڒprofitڒpriated ڒaccountingսڒIFRSڒtoڒtransition

ՑԔս2ԓՑڒMinorityڒinterestsڒrelateڒtoڒtheڒsubscribedڒcapitalڒ ڒMobilityڒAllaneڒwhichڒinڒLuxembourgռڒSսAսռڒValleyڒIsarڒof ڒhasڒinterestڒMinorityڒinterestսڒcapitalڒnoڒholdsڒGroup ڒՔԕԕԗڒEURڒfromڒreviewڒunderڒyearڒtheڒinڒdecreased ڒeffectiveڒtheڒtoڒdueڒthousandڒ0ԘԔڒEURڒtoڒthousand ڒtheڒinڒrecognisedڒrelationshipڒhedgingڒtheڒofڒportion ڒڒincomeսڒcomprehensiveڒother

ڒprovisionsڒandڒLiabilities

ՑԔս2ԔՑڒProvisionsڒforڒpensionsڒamountڒtoڒEURڒ2ԓԘڒthouՒ sandڒԼ2020րڒEURڒ2ԓ2ڒthousandԽսڒ

ڒcontainڒGroupڒMobilityڒAllaneڒtheڒinڒschemesڒPension mainlyڒdefinedڒcontributionڒpensionڒplansڒunderڒstatuՒ ڒisڒemployerڒeachڒSwitzerlandڒInڒinsuranceսڒpensionڒtory ڒbenefitsڒpostՒemploymentڒprovideڒtoڒlawڒbyڒrequired ڒretirementռڒofڒrisksڒeconomicڒtheڒagainstڒschemes ڒThereforeռڒemployeesսڒentitledڒtoڒinvalidityڒandڒdeath

AllaneڒoffersڒitsڒSwissڒemployeesڒfundedڒdefinedڒbeneՒ ڒpensionڒexternalڒanڒbyڒmanagedڒareڒwhichڒplansռڒfit fundսڒTheڒpensionڒfundڒisڒresponsibleڒforڒtheڒinvestՒ ڒallڒforڒasڒwellڒasڒmanagementռڒassetڒandڒpolicyڒment ڒofڒdeterminationڒtheڒandڒconditionsڒplanڒtheڒinڒchanges contributionsڒtoڒfinanceڒtheڒbenefitsսڒInڒcaseڒofڒunderՒ fundingڒtheڒpensionڒfundڒcanڒraiseڒadditionalڒcontribuՒ ڒemployeesսڒandڒemployersڒfromڒtions

ڒonڒreliesڒpensionsڒforڒprovisionsڒtheڒofڒvaluationڒThe ڒreportsսڒactuarial

ڒassumptionsրڒactuarialڒfollowingڒtheڒuseڒreportsڒThe

ڒassumptionsڒActuarial

inڒٝڒ	ԣԡԣԢ	ԣԡԣԡ
Discountڒrateڒ	ԡօԤ	ԡօԣ
Assumedڒsalaryڒincreaseڒ	ԡօԦ	ԡօԦ
Assumedڒpensionڒincreaseڒ	Ւ	Ւ
Mortalityڒtableڒ	BVGڒԣԡԣԡڒGT	BVGڒԣԡԢԦڒGT

TheڒfollowingڒtableڒshowsڒtheڒdevelopmentڒofڒtheڒdeՒ ڒplanրڒpensionڒbenefitڒfined

benefit ڒ	ڒplansڒ
					ڒdefinedڒof
ԣԡԣԢ	ԣԡԣԡ	ԣԡԣԢ	ԣԡԣԡ	ԣԡԣԢ	ԣԡԣԡ
Ԣքԡԥԡ	ԢքԡԩԢ	ԩԡԨ	ԩԣԢ	ԣԤԣ	ԣԧԡ
Ւ	Ւ	Ւ	Ւ	Ւ	Ւ
Ւ	Ւ	Ւ	Ւ	Ւ	Ւ
Ԣԡԥ	ԢԡԢ	Ւ	Ւ	Ԣԡԥ	ԢԡԢ
Ւ	Ւ	Ւ	Ւ	Ւ	Ւ
ԣ	Ԣ	Ԣ	Ԣ	ԡ	ԡ
Ԣԡԧ	Ԣԡԣ	Ԣ	Ԣ	Ԣԡԥ	ԢԡԢ
Ւ	Ւ	Ւ	Ւ	Ւ	Ւ
					ՔԤԡ
					Ւ
					Քԣԡ
					Ւ
Քԣԡ	Քԧ	Ւ	Ւ	ՔԨԡ	Քԧ
– ԡ	–ԣԧ	ԪԨ	Ԥԡ	–Ԫԩ	–Ԧԧ
Ւ	Ւ	Ւ	Ւ	Ւ	Ւ
Ւ	Ւ	ԩԣ	Ԩԥ	Քԩԣ	ՔԨԥ
ԩ ԣ	Ԩԥ	ԩԣ	Ԩԥ	Ւ	Ւ
ԢԣԪ	ՔԢԪԨ	ԢԣԪ	ՔԢԪԨ	Ւ	Ւ
ԧ ԣ	ԧ	ԦԦ	ԥ	Ԩ	ԣ
ԣԨԤ	–ԢԢԨ	Ԥԥԩ	–ԥԦ	–ԨԦ	–ԨԤ
ԢքԥԢԩ	Ԣքԡԥԡ	ԢքԣԦԥ	ԩԡԨ	Ԣԧԥ	Ւ ԣԤԣ
	Defined ڒbenefitڒ Ւ Ւ Ԫ ԡ ՔԨԡ Ւ	pension obligations ڒ ԼDBOԽ Ւ Ւ Քԣԡ Ւ Ւ	ԪԨ Ւ Ւ Ւ Ւ	Fairڒvalueڒofڒplanڒassets Ԥԡ Ւ Ւ Ւ Ւ	Net ڒbalanceڒ benefitڒobligations ՔԪԨ Ւ Ԫԡ Քԣԡ Ւ

ڒbenefitڒdefinedڒtheڒofڒdurationڒaverageڒweightedڒThe obligationڒwasڒaroundڒ1ԗڒyearsڒԼ2020րڒ1ԚڒyearsԽսڒEmՒ ڒdefinedڒforڒpaidڒbeڒtoڒexpectedڒcontributionsڒployer ڒtoڒamountڒyearڒfinancialڒ2021ڒtheڒinڒobligationsڒbenefit ڒڒthousandսڒԙԚڒEUR

ڒexternalڒanڒthroughڒprovidedڒisڒschemeڒpensionڒThe ڒassetsսڒplanڒtheڒmanagesڒwhichڒfundռڒpension

AsڒatڒbalanceڒsheetڒdateռڒtheڒplanڒassetsڒareڒattributaՒ ڒpricesսڒmarketڒquotedڒwithoutڒassetsڒotherڒtoڒble

ڒanalysisڒSensitivity

ڒparallelڒaڒcaseڒeachڒinڒassumesڒanalysisڒsensitivityڒThe ڒڒpointսڒpercentageڒaڒhalfڒofڒshift

ThisڒwouldڒresultڒinڒtheڒchangesڒofڒvaluesڒofڒtheڒreՒ portedڒdefinedڒbenefitڒobligationsڒpresentedڒinڒtheڒfolՒ ڒtableրڒlowing

ڒobligationsڒbenefitڒdefinedڒofڒanalysisڒSensitivity

ڒڒ inڒEURڒthouօڒ	Changesڒinڒtheڒdefinedڒbenefitڒobligations	ԣԡԣԢ	Changesڒinڒtheڒdefinedڒbenefitڒobligations ԣԡԣԡ
ڒڒ	ڒԦԡօ֕ percentageڒpoints	ڒԦՔԡօ percentageڒpoints	ڒԦԡօ֕ percentageڒpoints	ڒԦՔԡօ percentageڒpoints
Discountڒrateڒ	ՔԦԡ	ԦԪ	Քԥԥ	ԦԤ
Assumedڒsalaryڒincreaseڒ	ԧ	ՔԢԢ	Ԩ	ՔԢԣ
Assumedڒpensionڒincreaseڒ	ԤԨ	ՔԤԦ	Ԥԡ	ՔԣԪ

TheڒdecreaseՎincreaseڒofڒtheڒlifeڒexpectancyڒinڒtheڒasՒ ڒaڒinڒresultڒwouldڒrespectivelyڒyearڒoneڒbyڒsumptions changeڒofڒtheڒdefinedڒbenefitڒobligationsڒbyڒEURڒՔ1Ԙڒ thousandڒՎڒEURڒ1ԚڒthousandڒԼ2020րڒEURڒՒ12ڒthousandڒՎڒ ڒthousandԽսڒԔ1ڒEUR

ՑԔս2ԕՑڒTheڒobligationsڒreportedڒinڒtheڒfinancialڒyearڒunՒ ڒtheڒinڒsettledڒbeڒtoڒexpectedڒareڒprovisionsڒotherڒder ڒinڒandڒyearڒoneڒwithinڒthousandڒԗռԓԔԚڒEURڒofڒamount ڒfiveڒandڒoneڒbetweenڒthousandڒԗ22ڒEURڒofڒamountڒthe yearsսڒOtherڒcurrentڒprovisionsڒmainlyڒcompriseڒproviՒ sionsڒforڒpersonnelՒrelatedڒmattersռڒprovisionsڒforڒlitiՒ ڒinڒagreementsڒleaseڒofڒrevocationsڒfromڒarisingڒgation ڒTheڒwarrantiesսڒforڒprovisionsڒandڒinstanceռڒsecondڒthe ڒlegalڒforڒprovisionsڒtoڒattributableڒmainlyڒisڒincrease ڒcontractsսڒleaseڒofڒrevocationsڒfromڒarisingڒdisputes

ڒprovisionsڒOther

	Personnel	Miscellan
in ڒthouօڒEURڒ		eous	Total
BalanceڒasڒatڒԢڒJanօڒ	ԣքԢԨԧ	ԪԡԦ	ԤքԡԩԢ
Additionsڒ	ԣքԨԨԤ	Ԥքԥԣԧ	ԧքԣԡԡ
Reversalsڒ	ՔԣԢԪ	Ւ	ՔԣԢԪ
Utilisedڒ	ՔԢքԩԢԣ	ՔԧԨԩ	ՔԣքԥԪԡ
Foreignڒexchangeڒdifferencesڒ	ԥ	Ւ	ԥ
BalanceڒasڒatڒԤԢڒDecօڒ	ԣքԪԣԣ	ԤքԧԦԤ	ԧքԦԨԦ
ڒڒ thereofڒnonՒcurrentڒ	ڒ Ւ	ԣԣԧ	ԣԣԧ
thereofڒcurrentڒ	ԣքԪԣԣ	ԤքԥԣԨ	ԧքԤԥԪ

ՑԔս2ԗՑڒFinancialڒliabilitiesڒcompriseڒliabilitiesڒfromڒ ڒassetڒanڒfromڒliabilitiesڒasڒwellڒasڒloansڒbankڒbondsռ ڒڒyearڒpreviousڒinڒandڒprogrammeڒsecuritiesڒbacked financeڒleaseڒliabilitiesڒforڒrefinancingڒtheڒleaseڒassetsս

ڒliabilitiesڒFinancial

ڒڒ	Residual termڒ	ڒԢڒtoڒupڒofڒ ڒyear		Residual termڒ ڒԦڒtoڒԢڒofڒ ڒyears		Residual ڒofڒtermڒ ڒthanڒmore ڒyearsڒԦ
in ڒthouօڒEURڒ	ڒDecօڒԤԢ ԣԡԣԢ	ڒDecօڒԤԢ ԣԡԣԡ	ڒDecօڒԤԢ ԣԡԣԢ	ڒDecօڒԤԢ ԣԡԣԡ	ڒDecօڒԤԢ ԣԡԣԢ	ڒDecօڒԤԢ ԣԡԣԡ
Bondsڒ	ԣԥԪքԧԪԢ	Ւ	Ւ	ԣԥԩքԩԥԡ	Ւ	Ւ
Liabilitiesڒtoڒbanksڒ	ԣԤԦքԣԧԥ	ԣԦԣքԩԢԢ	ԣԪԩքԪԦԦ	ԥԢԥքԦԪԦ	Ւ	Ւ
Leaseڒliabilitiesڒ	ԣքԤԪԥ	ԦքԡԦԥ	ԧքԢԩԣ	ԧքԥԪԧ	ԪքԦԢԦ	ԢքԨԧԢ
Otherڒliabilitiesڒ	ԣքԨԦԪ	ԧքԤԤԦ	Ւ	Ւ	Ւ	Ւ
Groupڒtotalڒ	ԥԪԡքԢԡԪ	ԣԧԥքԣԡԢ	ԤԡԦքԢԤԧ	ԧԧԪքԪԤԢ	ԪքԦԢԦ	ԢքԨԧԢ

ڒbondڒunsecuredڒmillionڒ0ԕ2ڒEURڒaڒincludeڒbondsڒThe ڒnominalڒaڒwithڒԙ201ڒMayڒinڒmarketڒcapitalڒtheڒonڒissued ڒyearsսڒfourڒofڒmaturityڒaڒandڒpսaսڒ0ٝսԕ1ڒofڒrateڒinterest RefiՒڒս2022ڒFebruaryڒ2ڒonڒearlyڒrepaidڒwasڒbondڒThe ڒBackedڒAssetڒtheڒthroughڒespeciallyڒdoneڒwasڒnancing SecuritiesڒProgramڒandڒcreditڒlinesڒgrantedڒbyڒSantanՒ ڒAGսڒBankڒConsumerڒder

ڒռ2021ڒDecemberڒ1ԓڒatڒasڒreportedڒbanksռڒtoڒLiabilities ڒanڒfromڒresultڒyearsռڒfiveڒtoڒoneڒofڒtermڒresidualڒaڒwith ڒAllaneڒtheڒwhichڒprogrammeռڒsecuritiesڒbackedڒasset MobilityڒGroupڒhasڒsetڒupڒtoڒrefinanceڒleasingڒconՒ ڒofڒvolumeڒfinancingڒaڒcomprisesڒprogrammeڒTheڒtractsս ڒinterestڒvariableڒprogrammeڒtheڒUnderڒmillionսڒ00ԕڒEUR ڒredeemableڒareڒwhichڒoutռڒtakenڒareڒliabilitiesڒrate basedڒonڒtheڒamortisationڒscheduleڒofڒtheڒleaseڒconՒ ڒportfolioսڒtract

TheڒloansڒareڒrecognisedڒinitiallyڒatڒfairڒvalueռڒlessڒdiՒ rectlyڒattributableڒtransactionڒcostsսڒSubsequentڒmeasՒ ڒtheڒusingڒcostڒamortisedڒatڒoutڒcarriedڒisڒurement ڒrisksڒrateڒinterestڒmitigateڒToڒmethodսڒinterestڒeffective ڒagreementsڒswapڒrateڒinterestڒconcludedڒcompanyڒthe overڒtheڒamortisationڒperiodڒofڒtheڒrelatedڒleaseڒconՒ tractڒportfolioսڒFurthermoreռڒloansڒfromڒSantanderڒConՒ ڒdrawnڒmillionڒ100ڒEURڒofڒamountڒtheڒinڒAGڒBankڒsumer ڒincludedսڒareڒlinesڒcreditڒgrantedڒfrom

ڒoneڒtoڒupڒofڒtermڒresidualڒaڒwithڒbanksռڒtoڒLiabilities ڒinterestڒvariableڒatڒborrowingsڒshortՒtermڒincludeڒyearռ ڒtoڒavailableڒlinesڒcreditڒtheڒutilisingڒbyڒoutڒtakenڒrates ڒliabilitiesڒofڒportionڒcurrentڒtheڒasڒwellڒasڒGroupռڒthe ڒprogrammeսڒsecuritiesڒbackedڒassetڒtheڒfrom

TheڒliabilitiesڒtoڒbanksڒhaveڒbeenڒsecuredڒbyڒtransferՒ ڒڒassetsսڒofڒownershipڒring

OtherڒliabilitiesڒincludeڒmainlyڒfinancingڒwithڒotherڒfiՒ ڒinterestsսڒaccruedڒandڒpartnersڒnancing

ڒwasڒconcludedڒtransactionsڒleasebackڒandڒsaleڒ2020ڒIn recognisedڒunderڒotherڒfinancialڒliabilitiesսڒTheseڒfinanՒ ڒtheڒbyڒtitleڒofڒretentionڒaڒbyڒsecuredڒareڒliabilitiesڒcial financingڒpartnerڒforڒtheڒfinancedڒassetsսڒTheڒreconciliՒ ڒisڒliabilitiesڒfinancialڒnonՒcurrentڒandڒcurrentڒofڒation ڒbelowրڒoutlined

ڒliabilitiesڒfinancialڒofڒReconciliation

inڒEURڒthouօڒ	ԣԡԣԢ	ԣԡԣԡ
BalanceڒasڒatڒԢڒJanօڒ	Ԫ ԤԦքԩԪԤ	ԪԥԩքԣԢԢ
Netڒchangeڒinڒcashڒflowsڒ	ՔԢԥԩքԣԦԪ	ՔԣԥքԣԣԢ
OtherڒnonՒcashڒmovementsڒ	ԢԨքԥԪԩ	ԢԢքԤԪԡ
ڒ thereofڒinterestڒexpensesڒ	Ԩ քԤԦԣ	ԢԢքԡԪԦ
ڒ thereofڒleaseڒliabilitiesڒ	ԢԡքԢԥԧ	ԣԪԦ
ChangeڒinڒbankڒoverdraftsڒԼcashڒandڒcashڒequivalentsԽڒ	ՔԤԨԣ	ԦԢԤ
BalanceڒasڒatڒԤԢڒDecօڒ	ԩ ԡԥքԨԧԡ	ԪԤԦքԩԪԤ

ՑԔս2ԘՑڒTheڒliabilitiesڒtoڒrelatedڒpartiesڒrelateڒmainlyڒtoڒ ڒtheڒofڒcompaniesڒaffiliatesڒwithڒtransactionsڒcurrentڒthe AllaneڒSEռڒwhichڒareڒnotڒincludedڒinڒtheڒconsolidatedڒfiՒ ڒڒSEսڒAllaneڒofڒstatementsڒnancial

ՑԔս2ԙՑڒTradeڒpayablesڒcompriseڒcurrentڒliabilitiesڒarisՒ ingڒfromڒdeliveriesڒtoڒtheڒGroupռڒmainlyڒfromڒtheڒpurՒ ڒotherڒandڒfleetռڒleaseڒtheڒforڒvehiclesڒofڒchase ڒactivitiesսڒoperatingڒofڒcourseڒtheڒinڒpurchases

ՑԔս2ԚՑڒOtherڒliabilitiesڒareڒbrokenڒdownڒasڒfollowsրڒ

ڒliabilitiesڒOther

	ڒDecօڒԤԢ	ڒDecօڒԤԢ
in ڒthouօڒEURڒ	ԣԡԣԢ	ԣԡԣԡ
Financial otherڒ ڒliabilitiesڒ	ڒ
ڒ Interestڒrateڒswapڒ	Ւ	Ԣքԡԧԡ
ڒ Payrollڒliabilitiesڒ	ԣԪԧ	ԢԨԥ
ڒ Miscellaneousڒliabilitiesڒ	ԢԥքԥԢԡ	ԢԣքԨԥԣ
NonՒfinancial otherڒ ڒliabilitiesڒ	ڒ
ڒ Deferredڒincomeڒ	ԣԧքԡԢԨ	ԣԪքԦԢԤ
ڒ Taxڒliabilitiesڒ	ԥքԡԧԥ	Ԩԡԡ
Groupڒtotalڒ	ԥԥքԨԩԨ	ԥԥքԢԩԩ
ڒڒ thereofڒcurrentڒ	ڒ Ԥԥքԣԧԣ	Ԥԡքԣԣԧ
thereofڒnonՒcurrentڒ	ԢԡքԦԣԦ	ԢԤքԪԧԣ

ڒotherڒamongڒincludeռڒliabilitiesڒotherڒremainingڒThe ڒtoڒamountingڒdepositsڒcustomerڒfromڒliabilitiesڒthingsռ EURڒԚռԚԔԘڒthousandڒԼ2020րڒEURڒԙռԚԘ0ڒthousandԽսڒDeՒ ڒincomeڒofڒdeferralڒtheڒtoڒmostlyڒrelatesڒincomeڒferred ڒincomeڒDeferredڒlesseesսڒbyڒpaymentsڒadvanceڒfrom ڒtheڒinڒshortՒtermڒisڒpaymentڒleaseڒoneՒtimeڒfrom amountڒofڒEURڒ1ԕռԘ0ԕڒthousandڒ Լ2020րڒEURڒ1ԗռԘԕԔڒthousandԽڒwithڒaڒremainingڒtermڒofڒ

ԙ10 ڒ2021ڒReportڒAnnual ڒgroupڒmobilityڒallane

upڒtoڒoneڒyearռڒandڒanڒamountڒofڒEURڒ10ռԓ1ԓڒthousandڒ Լ2020րڒEURڒ12ռԘԕԙڒthousandԽڒisڒlongՒtermڒwithڒaڒreՒ ڒyearսڒfiveڒandڒoneڒbetweenڒtermڒmaining

ՑԔսԓ0ՑڒContractڒliabilitiesڒincludeڒdownڒpaymentsڒforڒ fullՒserviceڒcontractsռڒwhichڒinvolveڒaڒflatՒڒandڒconՒ ڒactualڒtheڒuntilڒcustomerڒtheڒwithڒsettlementڒstantՒrate ڒprovidedսڒdulyڒbeenڒhasڒperformanceڒserviceڒfull

ڒ ڒ

RevenueڒisڒrealisedڒatڒtheڒpointڒinڒtimeڒwhenڒtheڒspeՒ ڒatڒtimeڒinڒpointڒtheڒfurtherڒTheڒprovidedսڒisڒserviceڒcific ڒpostponedռڒisڒprovidedڒactuallyڒisڒserviceڒfullڒtheڒwhich ڒTheڒbecomesսڒobligationڒcontractualڒtheڒgreaterڒthe amountڒofڒEURڒ11ռ1ԓ1ڒthousandڒincludedڒinڒcontractڒliaՒ revՒڒasڒrecognizedڒwasڒ2020ڒDecemberڒ1ԓڒofڒasڒbilities ڒyearսڒfinancialڒ2021ڒtheڒinڒenue

ԥօԤ AdditionalڒDisclosuresڒonڒFinancialڒ ڒInstruments

ڒandڒamountsڒcarryingڒtheڒshowsڒtableڒfollowingڒThe ڒandڒassetsڒfinancialڒindividualڒtheڒofڒvaluesڒfair

liabilitiesڒforڒeachڒsingleڒcategoryڒofڒfinancialڒinstruՒ ڒliabilitiesڒandڒassetsڒfinancialڒofڒvalueڒfairڒTheڒmentս ڒforڒbutڒvalueռڒfairڒatڒmeasuredڒregularlyڒnotڒareڒthat ڒinڒassignedڒareڒspecifiedռڒbeڒtoڒisڒvalueڒfairڒtheڒwhich ڒfairڒtheڒofڒlevelsڒmeasurementڒtheڒtoڒtableڒfollowingڒthe valueڒhierarchyڒaccordingڒtoڒIFRSڒ1ԓս

ڒinstrumentsڒFinancial

	ڒԪڒIFRS	MeasureՒ
ڒڒ	measurement ڒ categoryԢ	ment ڒbasisڒ forڒfairڒvalue	Carryingڒamountڒ		Fairڒvalueڒ
			ڒDecօڒԤԢ	ڒDecօڒԤԢ	ڒDecօڒԤԢ	ڒDecօڒԤԢ
in ڒthouօڒEURڒ			ԣԡԣԢ	ԣԡԣԡ	ԣԡԣԢ	ԣԡԣԡ
NonՒcurrent ڒassetsڒ
Financialڒassetsڒ	FVTPL	LevelڒԤ	ԣԧ	ԣԨ	ԣԧ	ԣԨ
Financeڒleaseڒreceivablesڒ	IFRSڒԢԧ		ԩԪԨ	ԨԪԦ	ԪԤԣ	ԩԣԥ
Interestڒrateڒderivativesڒ	FVTPL	Levelڒԣ	Ԩԩԩ	ԣԤ	Ԩԩԩ	ԣԤ
Otherڒreceivablesڒ	AC		Ԫԣ	Ԩԡ
Totalڒ			ԢքԩԡԤ	ԪԢԥ	ԢքԨԥԨ	ԩԨԤ
ڒڒ Current ڒassetsڒ	ڒ
Financeڒleaseڒreceivablesڒ	IFRSڒԢԧ		ԧԥԦ	ԦքԨԢԥ	ԧԨԦ	ԦքԪԧԢ
Tradeڒreceivablesڒ	AC		ԨԦքԣԣԣ	ԧԪքԢԨԤ
Receivablesڒfromڒrelatedڒpartiesڒ	AC		ԥԪԡ	ԢքԥԧԢ
Otherڒreceivablesڒ	AC		Ԣԣքԡԧԩ	ԢԥքԣԨԩ
Totalڒ			ԩԩ քԥԣԦ	Ԫԡքԧԣԧ	ԧԨԦ	ԦքԪԧԢ
ڒڒ NonՒcurrent ڒ ڒliabilities	ڒ
Bondsڒ	AC	Levelڒԣ	Ւ	ԣԥԩքԩԥԡ	Ւ	ԣԦԧքԪԢԣ
Liabilitiesڒtoڒbanksڒ	AC	Levelڒԣ	ԣԪԩքԪԦԦ	ԥԢԥքԦԪԦ	ԣԪԧքԤԨԨ	ԥԡԩքԦԩԤ
Leaseڒliabilitiesڒ	IFRSڒԢԧ		ԢԦքԧԪԧ	ԩքԣԦԩ
rateڒInterest ڒderivativesڒ	ڒHedge
	Accounting	Levelڒԣ	Ւ	Ԣքԡԧԡ	Ւ	Ԣքԡԧԡ
Otherڒfinancialڒliabilitiesڒ	AC		ԣԢԤ	ԢԥԤ	Ւ	Ւ
Totalڒ			ԤԢԥքԩԧԥ	ԧԨԣքԩԪԧ	ԣԪԧքԤԨԨ	ԧԧԧքԦԦԦ
ڒڒ ڒCurrent ڒliabilities	ڒ
Bondsڒ	FLAC	Levelڒԣ	ԣԥԪքԧԪԢ	Ւ	ԣԦԣքԨԡԩ
Liabilitiesڒtoڒbanksڒ	AC	Levelڒԣ	ԣԤԦքԣԧԥ	ԣԦԣքԩԢԢ	ԣԤԦքԪԧԩ	ԣԦԤքԦԦԧ
Leaseڒliabilitiesڒ	IFRSڒԢԧ		ԣքԤԪԥ	ԦքԡԦԥ
Liabilitiesڒtoڒrelatedڒpartiesڒ	AC	Levelڒԣ	ԣԤ	ԣԢ
Currencyڒderivativesڒ	FVTPL	Levelڒԣ	ԧԡ	Ԣԡԧ	ԧԡ	Ԣԡԧ
Otherڒfinancialڒliabilitiesڒ	AC		ԣքԨԦԪ	ԧքԤԤԦ
Tradeڒpayablesڒ	AC		ԧԦքԧԨԦ	ԥԨքԩԥԪ
Financialڒotherڒliabilitiesڒ	AC		ԤԡքԤԦԨ	ԣԧքԧԥԣ
Totalڒ			ԧԩԦ քԣԣԥ	ԤԤԩքԩԣԡ	ԥԩԩքԨԤԧ	ԣԦԤքԧԧԣ

1 costڒamortisedڒAtڒՒڒACڒlossռڒorڒprofitڒthroughڒvalueڒFairڒՒڒFVTPL ڒ ڒclassifiedڒareڒtableڒaboveڒinڒinstrumentsڒfinancialڒThe ڒbasisսڒmeasurementڒtheڒonڒdependingڒlevelsڒthreeڒinto ڒinڒquotedڒpricesڒonڒbasedڒareڒmeasurementsڒ1ڒLevel paՒڒonڒbasedڒareڒmeasurementsڒ2ڒLevelڒmarketsսڒactive ڒobservableڒareڒthatڒpricesڒquotedڒthanڒotherڒrameters ڒfromڒderivedڒindirectlyڒareڒorڒpricesڒasڒdirectlyڒeither ڒthatڒmodelsڒonڒbasedڒareڒmeasurementsڒԓڒLevelڒpricesս useڒparametersڒthatڒareڒnotڒbasedڒonڒobservableڒmarՒ ڒassumptionsսڒonڒratherڒbutڒdataռڒket

ڒindividualڒtheڒbetweenڒtransfersڒnoڒbeenڒhaveڒThere ڒlevelsսڒmeasurement

DueڒtoڒfactorsڒthatڒchangeڒinڒtheڒcourseڒofڒtimeռڒtheڒreՒ ڒofڒindicativeڒasڒregardedڒbeڒonlyڒcanڒvaluesڒfairڒported ڒfairڒTheڒmarketսڒtheڒonڒrealisableڒactuallyڒvaluesڒthe ڒonڒcalculatedڒwereڒinstrumentsڒfinancialڒtheڒofڒvalues ڒsheetڒbalanceڒtheڒatڒavailableڒdataڒmarketڒofڒbasisڒthe dateڒandڒtheڒmethodsڒandڒassumptionsڒdescribedڒbeՒ ڒlowս

ڒthatڒassumedڒwasڒitڒinstrumentsڒfinancialڒcurrentڒallڒFor ڒreasonableڒaڒisڒcostԽڒԼamortisedڒamountڒcarryingڒthe approximationڒofڒfairڒvalueڒunlessڒnotڒspecifiedڒotherՒ ڒڒtableսڒtheڒinڒwise

TheڒfairڒvaluesڒofڒtheڒfinanceڒleaseڒreceivablesڒreՒ ڒliabilitiesռڒleaseڒfinanceڒbondsռڒtheڒandڒassetsڒasڒported liabilitiesڒtoڒbanksڒandڒliabilitiesڒtoڒrelatedڒpartiesڒreՒ portedڒasڒliabilitiesڒwereڒcalculatedڒasڒtheڒpresentڒvalՒ ڒmarketڒStandardڒflowsսڒcashڒexpectedڒfutureڒtheڒofڒues interestڒratesڒofڒbetweenڒ0ս2ٝڒpսaսڒandڒ1ս2ٝڒpսaսڒԼ2020րڒ betweenڒՔ0ս0ٝڒpսaսڒandڒ1սԔٝڒpսaսԽڒbasedڒonڒtheڒreՒ ڒڒdiscountingսڒforڒusedڒwereڒmaturitiesڒspective

FinanceڒleaseڒreceivablesڒandڒleaseڒliabilitiesڒareڒmeasՒ ڒԗս1ڒIFRSڒwithڒaccordanceڒinڒured

ڒallocatedڒareڒassetsڒfinancialڒreviewռڒunderڒyearڒtheڒIn ڒonڒvaluedڒareڒandڒcategoryڒmeasurementڒFVTPLڒtheڒto theڒbasisڒofڒtheڒnetڒassetsڒvalueսڒTheڒnetڒgainڒrecogՒ nisedڒinڒprofitڒorڒlossڒresultedڒfromڒtheڒfairڒvalueڒmeasՒ ڒ0ڒEURڒր2020Լڒthousandڒ0ڒEURڒtoڒamountsڒurement ڒdisposeڒtoڒintentionڒnoڒisڒthereڒpresentڒAtڒthousandԽս ڒinstrumentsսڒequityڒthese

ڒmeasurementڒACڒtheڒonڒassetsڒfinancialڒfromڒgainsڒNet ڒEURڒtoڒamountڒcostԽڒamortisedڒatڒԼmeasuredڒcategory

1ռ01ԔڒthousandڒԼ2020րڒEURڒԕ1ԙڒthousandԽڒandڒrelateڒtoڒ incomeڒfromڒpaymentsڒreceivedڒonڒreceivablesڒpreviՒ ڒoffսڒwrittenڒously

ڒorڒgainsڒnetڒnoڒwereڒthereڒyearռڒpreviousڒtheڒinڒAs lossesڒinڒtheڒfinancialڒyearڒonڒfinancialڒliabilitiesڒmeasՒ ڒcategoryԽսڒmeasurementڒԼACڒcostڒamortisedڒatڒured

TotalڒinterestڒincomeڒfromڒfinancialڒassetsڒnotڒmeasՒ ڒEURڒtoڒamountsڒlossڒorڒprofitڒthroughڒvalueڒfairڒatڒured 2ԙԚڒthousandڒԼ2020րڒEURڒԓԘԚڒthousandԽսڒThisڒincludesڒ ڒofڒamountڒtheڒinڒleaseڒfinanceڒfromڒincomeڒinterest EURڒ11ԘڒthousandڒԼ2020րڒEURڒ2Ԕ2ڒthousandԽսڒTotalڒinՒ ڒatڒmeasuredڒnotڒliabilitiesڒfinancialڒonڒexpenseڒterest fairڒvalueڒthroughڒprofitڒorڒlossڒamountsڒtoڒEURڒԘռԓ0ԕڒ thousandڒԼ2020րڒEURڒ11ռ2ԙԓڒthousandԽսڒThisڒincludesڒ ڒderivativesڒinterestڒofڒpaymentsڒfromڒexpenseڒinterest ڒԘԘԙڒEURڒofڒamountڒtheڒinڒrelationshipڒhedgingڒaڒin thousandڒԼ2020րڒEURڒԚԚ1ڒthousandԽսڒ

TheڒinterestڒrateڒandڒcurrencyڒderivativesڒareڒsubseՒ ڒmeasurementԽսڒ2ڒԼlevelڒvalueڒfairڒatڒmeasuredڒquently AsڒatڒbalanceڒsheetڒdateռڒassetsڒfromڒinterestڒrateڒdeՒ rivativesڒamountedڒtoڒEURڒԘԙԙڒthousandڒԼ2020րڒEURڒ2ԓڒ ڒԓ2ڒEURڒր2020Լڒthousandڒ1ڒEURڒwhichڒofڒthousandԽռ thousandԽڒisڒnotڒincludedڒinڒanyڒcashڒflowڒhedgeڒacՒ ڒliabilitiesڒfinancialڒnoڒareڒThereڒrelationshipսڒcounting fromڒinterestڒrateڒderivativesڒԼ2020րڒ1ռ0ԗ0ڒthousandԽսڒ AllڒinڒallռڒaڒvolumeڒofڒEURڒԔ1ԔڒmillionڒԼ2020րڒEURڒ ԕ00ڒmillionԽڒisڒhedgedڒwithڒinterestڒrateڒderivativesڒcarՒ ryingڒfixedڒinterestڒratesڒbetweenڒՔ0սԗٝڒpսaսڒandڒ0ս0ٝڒ pսaսڒԼ2020րڒbetweenڒՒ0սԗٝڒpսaսڒandڒ0ս0ٝڒpսaսԽڒandڒreՒ mainingڒtermڒofڒupڒtoڒthreeڒyearsڒԼ2020րڒfourڒyearsԽսڒOfڒ theseռڒEURڒԔ12ڒmillionڒԼ2020րڒEURڒԔԚԚڒmillionԽڒareڒinڒaڒ ڒTheڒԚսڒIFRSڒtoڒaccordingڒrelationshipڒhedgeڒflowڒcash ڒEuriborսڒՒmonth1ڒtheڒonڒbasedڒisڒrateڒinterestڒvariable

ڒinterestڒheldڒCompanyڒtheڒռ2021ڒDecemberڒ1ԓڒatڒAs rateڒderivativesڒtoڒhedgeڒinterestڒpaymentڒflowsڒԼinterՒ ڒofڒimpactڒtheڒpresentsڒtableڒfollowingڒTheڒriskԽսڒrateڒest theڒhedgingڒinstrumentsڒonڒtheڒamountռڒtimingڒandڒunՒ ڒtheڒofڒeffectsڒtheڒandڒflowsڒcashڒfutureڒofڒcertainty ڒfinancialڒtheڒonڒinstrumentsڒhedgingڒofڒrecognition ڒstatementsս

ڒtimingڒofڒProfile

in ڒthouօڒEURڒ	ڒDecօڒԤԢ ԣԡԣԢ	ڒDecօڒԤԢ ԣԡԣԣ	ڒDecօڒԤԢ ԣԡԣԤ	ڒDecօڒԤԢ ԣԡԣԥ	ڒDecօڒԤԢ ԣԡԣԦ	ڒDecօڒԤԢ ԣԡԣԧ
Nominalڒamountڒofڒtheڒhedgingڒinstrumentڒ	ԥԢԢքԪԨԤ	ԣԥԩքԩԪԨ	ԢԢԢքԥԣԢ	ԣԨքԥԪԪ	ԣքԡԥԣ	Ԧԥ
Averageڒofڒfixedڒinterestڒrateڒ	Քԡօԥԥԡٝ	ՔԡօԣԩԪٝ	ՔԡօԢԤԡٝ	ՔԡօԡԤԡٝ	Քԡօԡԡԣٝ	Ւԡօԡԡԡٝ

ڒandڒsheetڒbalanceڒinڒinstrumentsڒhedgingڒdesignatedڒofڒAmounts ڒineffectivenessڒhedging

ڒڒ	DecօڒԤԢ ڒԣԡԣԢڒ			ڒFinancial ڒԣԡԣԢڒyear
ڒEURڒin ڒthouօ	ڒNominal amount	ڒCarrying amountڒAsset	Balance ڒsheetڒ lineڒitem	Changes ڒinڒ ڒvalue recognized ڒinڒ ڒother comprehensive ڒ income	Income ڒfromڒ ineffectiveness ڒ theڒin ڒincomeڒ statement	Profit ڒlossڒorڒ line ڒforڒitemڒ ineffectiveness
ڒڒ	ԥԢԢքԪԨԤ	Ԩԩԧ	NonՒcurrent ڒ ڒother ڒreceivables andڒassets	ԢքԧԨԡ	ԢԨԨ	Netڒfinanceڒcosts

ڒanalysisڒSensitivity

ڒtheڒinڒshiftڒparallelڒaڒassumesڒanalysisڒsensitivityڒThe ڒvariableՒrateڒforڒpointsڒbasisڒ100ՎՒ֕100ڒofڒcurvesڒyield financialڒliabilitiesսڒTakingڒintoڒaccountڒtheڒexistingڒinՒ ڒinڒchangesڒinڒresultڒwouldڒthisڒderivativesڒrateڒterest ڒbelowսڒshownڒamountsڒtheڒbyڒlossڒandڒprofitڒandڒequity ڒremainڒvariablesڒotherڒallڒthatڒassumesڒanalysisڒThis ڒڒeffectsսڒtaxڒanyڒincludeڒnotڒdoesڒandڒconstant

Theڒsensitivityڒanalysisڒforڒtheڒreportedڒinterestڒrate ڒcurvesڒyieldڒtheڒinڒshiftڒparallelڒaڒassumesڒderivatives ڒchangeڒaڒinڒresultڒwouldڒThisڒpointsսڒbasisڒ100ՎՒ֕100ڒof inڒtheڒreportedڒfairڒvaluesڒԼotherڒnonՒcurrentڒasՒ ڒ0ԕռԚԚڒEURڒofڒliabilitiesԽڒnonՒcurrentڒsetsՎother

thousandڒՎڒEURڒՔԗռ1ԓԙڒthousandڒԼ2020րڒEURڒԕռԗԓԓڒ ڒthousandԽսڒՔԗռԔԕԕڒEURڒՎڒthousand

TheڒsensitivityڒforڒtheڒreportedڒcurrencyڒderivativesڒasՒ ڒ10ՎՒ֕10ڒofڒrateڒexchangeڒEURڒtheڒinڒchangeڒaڒsumes ڒcurrentڒԼotherڒvaluesڒreportedڒTheڒpointsսڒpercentage ڒbyڒchangeڒthenڒwouldڒliabilitiesԽڒcurrentڒassetsՎother EURڒԓռ0ԓ2ڒthousandڒՎڒEURڒՔԓռԕԘԔڒthousandڒԼ2020րڒ 2ռԓԔԙڒthousandڒՎڒEURڒՔ2ռԗԓԔڒthousandԽսڒ

ڒfromڒvaluationsڒtoڒchangesڒaforelistedڒgivenڒallռڒinڒAll ڒwouldڒthisڒrisksռڒexchangeڒcurrencyڒandڒrateڒinterest ڒotherڒandڒlossڒandڒprofitڒequityռڒinڒchangeڒaڒinڒresult comprehensiveڒincomeڒinڒtheڒamountsڒshownڒinڒtheڒfolՒ ڒtableրڒlowing

ڒthouօڒEURڒin ڒlossڒandڒprofitڒonڒEffect ڒratesڒexchangeڒinڒChange ڒcurvesڒyieldڒand ڒotherڒonڒEffect ڒincomeڒcomprehensive ڒratesڒexchangeڒinڒChange ڒcurvesڒyieldڒand ڒequityڒonڒEffect ڒratesڒexchangeڒinڒChange ڒcurvesڒyieldڒand ԤԢڒDecօڒԣԡԣԢڒ ԤքԢԣԢ ՔԤքԨԦԪ ԦքԪԡԢ ՔԦքԪԦԣ ԪքԡԣԤ ՔԪքԨԢԣ

ԤԢڒDecօڒԣԡԣԡڒ ԣքԧԧԣ ՔԣքԧԪԦ ԦքԤԢԪ ՔԦքԧԪԦ ԨքԪԩԢ ՔԪքԡԩԪ

ڒhedgingڒandڒmanagementڒriskڒFinancial TheڒAllaneڒMobilityڒGroupڒisڒexposedڒtoڒtheڒfollowingڒfiՒ ڒriskڒtheڒthroughڒaddressedڒareڒwhichڒrisksռڒnancial ڒimplementedսڒbeenڒhasڒthatڒsystemڒmanagement

ڒmanagementڒriskڒandڒcontrolڒinternalڒanڒhasڒSEڒAllane ڒanڒatڒidentifyڒtoڒdesignedڒGroupڒtheڒthroughoutڒsystem ڒsignificantڒtoڒleadڒcanڒthatڒdevelopmentsڒallڒstageڒearly ڒofڒorڒCompanyڒtheڒofڒexistenceڒtheڒendangerڒorڒlosses ڒcentrallyڒareڒrisksڒthatڒensureڒtoolsڒEfficientڒGroupսڒthe ڒmanagedڒandڒevaluatedڒidentifiedռڒdecentrallyڒand

ڒrisksڒrateڒexchangeڒandڒinterestڒofڒSensitivity

swiftlyսڒTheڒriskڒmanagementڒsystemڒcoversڒallڒactiviՒ tiesڒforڒtheڒsystematicڒhandlingڒofڒpotentialڒrisksռڒstartՒ ڒanalysisڒdocumentationռڒandڒidentificationڒriskڒwithڒing andڒassessmentڒthroughڒtoڒtheڒmanagementڒandڒmoniՒ ڒprocessڒformalڒaڒbyڒdefinedڒisڒItڒrisksսڒmaterialڒofڒtoring ڒandڒdivisionsڒGroupڒrelevantڒallڒintegratesڒfirmlyڒthat ڒinstalledڒsystemڒmanagementڒriskڒTheڒsegmentsս ڒrisksսڒindividualڒrelevantڒtheڒregistersڒthereby

ڒevaluatesڒandڒmonitorsڒdepartmentڒauditڒinternalڒThe ڒsystemսڒmanagementڒriskڒtheڒofڒefficiencyڒthe

ڒaccordanceڒinڒhandledڒisڒmanagementڒriskڒMoreoverռ withڒtheڒprincipleڒofڒsegregationڒofڒdutiesڒandڒmonitorՒ ڒandڒevaluatedڒidentifiedռڒtherebyڒareڒrisksڒFinancialڒingս securedڒinڒcollaborationڒwithڒtheڒoperatingڒunitsսڒManՒ agementڒhasڒpreparedڒaڒwrittenڒriskڒmanagementڒmanՒ ڒasڒsuchڒareasڒcertainڒforڒguidelinesڒdefinedڒhasڒandڒual ڒresidualڒrisksռڒdefaultڒcounterpartyڒrisksռڒrateڒinterest ڒrisksսڒliquidityڒandڒrisksڒvalue

ڒriskڒrateڒInterest

InterestڒrateڒriskڒarisesڒfromڒtheڒGroupիsڒoperatingڒacՒ ڒtheڒimpactڒratesڒinterestڒprevailingڒinڒChangesڒtivitiesս profitabilityڒofڒtheڒGroupիsڒleasingڒbusinessռڒasڒtheڒinՒ ڒforڒsetڒareڒinstalmentsڒleaseڒtheڒunderlyingڒratesڒterest ڒleaseڒtheڒofڒbeginningڒtheڒatڒleaseڒtheڒofڒtermڒthe ڒcustomersռڒcorporateڒwithڒdealingsڒitsڒInڒagreementս ڒrateڒinterestڒsuchڒcounterڒtoڒtriesڒgenerallyڒGroupڒthe ڒindividualڒinڒclausesڒescalationڒinterestڒincludingڒbyڒrisk ڒleasingڒnewڒallڒtoڒapplyڒthatڒagreementsڒframework contractsڒconcludedڒunderڒsuchڒframeworkڒagreeՒ mentsսڒInڒadditionռڒtheڒinterestڒrateڒriskڒisڒkeptڒtoڒaڒminՒ ڒmaturitiesսڒmatchingڒwithڒfundsڒborrowingڒbyڒimum

ڒarisingڒriskڒtoڒexposedڒalsoڒisڒGroupڒMobilityڒAllaneڒThe fromڒvariableڒinterestڒrateڒliabilitiesսڒTheڒGroupڒisڒexՒ posedڒtoڒtheڒinterestڒrateڒriskڒresultingڒfromڒleaseڒconՒ ڒexternalڒandڒratesڒinterestڒfixedڒonڒbasedڒbeingڒtracts ڒratesսڒinterestڒfloatingڒonڒbasedڒbeingڒpartlyڒfinancing ڒleaseڒunderڒratesڒinterestڒfixedڒbetweenڒDifferences ڒborrowedڒforڒpaidڒratesڒinterestڒfloatingڒandڒcontracts ڒfinancialڒbetweenڒspreadsڒwiderڒofڒriskڒaڒcreateڒfunds ڒmayڒnegativeռڒifڒwhichռڒcostsڒfinancialڒandڒrevenues ڒcontractsսڒleaseڒGroupիsڒtheڒonڒlossesڒtoڒlead

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IncreasedڒcostsڒofڒborrowingsڒmayڒhaveڒaڒmaterialڒimՒ ڒnotڒmayڒGroupڒtheڒwhichڒbaseռڒcostڒGroupիsڒtheڒonڒpact ڒGroupիsڒtheڒtoڒdegreeڒsameڒtheڒtoڒonڒpassڒtoڒableڒbe ڒڒcustomersս

ڒbehaviourڒfinancingڒtheڒthatڒconsideredڒbeڒtoڒneedsڒIt ڒtoڒdueڒsignificantlyڒchangeڒmayڒinstitutionsڒfinancialڒof ڒforڒindustryռڒcreditڒtheڒinڒchangesڒstructuralڒongoing ڒtheڒinڒchangesڒorڒrequirementsڒequityڒhigherڒexample ڒofڒdevelopmentڒtheڒonڒDependingڒrisksսڒofڒweighting ڒexternalڒcreditworthinessռڒownڒGroupիsڒMobilityڒAllane ڒparticularlyڒisڒThisڒcostlyսڒmoreڒbecomeڒmightڒfinancing ڒintoڒentersڒalsoڒGroupڒMobilityڒAllaneڒtheڒasڒimportant variableڒinterestڒrateڒliabilitiesսڒInڒadditionڒthisڒalsoڒreleՒ ڒfinancingսڒofڒrenewalڒandڒextensionڒtheڒforڒvant

ڒriskڒpriceڒMarket

ڒlossڒaڒofڒdangerڒtheڒdescribesڒriskڒpriceڒmarketڒThe ڒisڒitڒSEڒAllaneڒForڒpricesսڒmarketڒtoڒchangesڒbyڒcaused ڒthatڒvehiclesڒleasingڒofڒvaluesڒresidualڒtheڒespecially ڒriskսڒpriceڒmarketڒtheڒtoڒsubjectڒare

ToڒcounteractڒtheڒmarketڒpriceڒriskڒinvolvedڒinڒtheڒdisՒ ڒtheڒGroupڒMobilityڒAllaneڒtheڒwithinڒvehiclesڒofڒposal residualڒvaluesڒofڒtheڒvehiclesڒincludedڒinڒtheڒcalculaՒ tionڒofڒtheڒleasingڒcontractڒareڒhedgedڒpartlyڒbyڒbuyՒ ڒmanufacturersڒorڒdealersڒwithڒagreementsڒback ڒconditionsսڒmarketڒonڒdepending

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TheڒManagingڒBoardڒisڒkeepingڒaڒcloseڒeyeڒonڒtheڒpolitՒ ڒforڒstipulationsڒemissionڒnewڒregardingڒdiscussionڒical ڒforڒbansڒdrivingڒpotentialڒandڒvehiclesڒdieselՒpowered ڒthisڒInڒcitiesսڒselectedڒinڒvehiclesڒdieselՒpowered

ڒtheڒforڒincreaseڒcouldڒriskڒvalueڒresidualڒtheڒcontextռ ڒcouldڒproceedsڒsalesڒtheڒwhilstڒGroupռڒMobilityڒAllane ڒexpectationսڒbelowڒfall

TheڒBoardڒofڒManagementڒisڒalsoڒmonitoringڒtheڒgenՒ ڒrequirementsڒemissionڒnewڒonڒdiscussionڒpoliticalڒeral inڒaccordanceڒwithڒtheڒEuroڒԘڒstandardռڒasڒwellڒasڒgovՒ ڒdriveڒhybridڒandڒelectricڒforڒmeasuresڒsubsidyڒernment ڒtoڒDueڒbusinessսڒfutureڒonڒimpactڒtheirڒandڒtechnology ڒaڒisڒthereڒtechnologiesռڒdriveڒnewerڒofڒintroductionڒthe higherڒpotentialڒforڒuncertaintyڒinڒtheڒcontextڒofڒdeterՒ ڒvaluesսڒvehicleڒresidualڒmining

ڒriskڒdefaultڒCounterparty

ڒfleetڒandڒlesseesڒifڒarisesڒriskڒdefaultڒcounterpartyڒThe managementڒcustomersڒfailڒtoڒmeetڒtheirڒpaymentڒobliՒ gationsڒfullyڒorڒpartlyڒduringڒtheڒcontractڒtermڒorڒifڒveՒ ڒagreementsڒbuybackڒtheirڒfulfilڒcannotڒsuppliersڒhicle ڒdefaultsսڒpaymentڒinڒresultingڒSEռڒAllaneڒtowards

ToڒreduceڒtheڒcounterpartyڒdefaultڒriskռڒcreditڒassessՒ ڒinternalڒwithڒaccordanceڒinڒoutڒcarriedڒareڒments guidelinesڒpriorڒtoڒtheڒcontractڒconclusionսڒFurtherՒ moreռڒcreditworthinessڒofڒcustomersڒisڒregularlyڒmoniՒ ڒprecautionaryڒThisڒperiodսڒleaseڒtheڒduringڒtored measureڒhelpsڒtoڒavoidڒandՎorڒmitigateڒfutureڒrisksڒarisՒ ڒڒrelationshipսڒcustomerڒtheڒfromڒing

TheڒAllaneڒMobilityڒGroupڒthereforeڒalsoڒpaysڒhighڒatՒ ڒdealersսڒvehiclesڒitsڒofڒstabilityڒeconomicڒtheڒtoڒtention ڒstrictڒandڒregularڒtoڒsubjectڒareڒdealersڒvehiclesڒThe ڒԣԡԣԢڒclassڒriskڒbyڒreceivablesڒtradeڒofڒAnalysis

ڒpartnersڒcontractualڒShouldڒreviewsսڒcreditworthiness notڒbeڒableڒtoڒmeetڒtheirڒrepurchaseڒcommitmentsռڒAlՒ ڒvehiclesڒtheڒsellڒtoڒforcedڒbeڒwouldڒGroupڒMobilityڒlane ڒmarketսڒcarڒusedڒtheڒinڒdirectly

ڒofڒextentڒsmallڒaڒtoڒonlyڒconsistڒbanksڒwithڒDeposits ڒbanksڒtheڒofڒratingsڒTheڒdemandսڒonڒavailableڒdeposits ڒisڒriskڒdefaultڒTheڒbasisսڒongoingڒanڒonڒmonitoredڒare ڒawardedڒtheڒofڒbasisڒtheڒonڒnegligibleڒbeڒtoڒestimated ڒratingsսڒexternal

ڒasڒwellڒasڒsystemsڒcontrolڒandڒmeasurementڒriskڒThe theڒorganisationڒofڒtheڒcreditڒriskڒmanagementڒofڒAlՒ ڒriskڒforڒrequirementsڒminimumڒtheڒwithڒcomplyڒSEڒlane ڒinstitutionsڒfinancialڒandڒbanksڒofڒmanagement ԼMaRiskԽڒasڒdefinedڒbyڒBundesanstaltڒfürڒFiՒ ڒFinancialڒFederalڒՔڒԼBaFinڒnanzdienstleistungsaufsicht ڒAuthorityԽսڒSupervisory

ForڒexpectedڒdefaultڒrisksڒaڒvaluationڒallowanceڒisڒrecՒ ڒtheڒwhenڒwrittenՒoffڒisڒreceivableڒrelevantڒTheڒognisedս ڒexpectedսڒlongerڒnoڒisڒrecovery

ڒconcentrationsսڒriskڒsignificantڒnoڒareڒthereڒOverallռ

ڒreceivablesڒtradeڒofڒAnalysis

TheڒtradeڒreceivablesڒareڒclassifiedڒinڒtheڒfollowingڒtaՒ ڒbleր

ڒڒ in ڒthouօڒEURڒ	ڒGross receivables	Impairments	ڒNet receivables ڒDecօڒԤԢ ԣԡԣԢ
veryڒlowڒ	ԤԦքԩԤԢ	ԧԨ	ԤԦքԨԧԥ
lowڒ	ԤԧքԣԪԡ	ԥԤԨ	ԤԦքԩԦԤ
highlyڒincreasedڒ	ԥքԩԧԧ	ԤքԡԪԥ	ԢքԨԨԣ
Totalڒ	ԧԨ քԪԩԩ	ԤքԦԪԪ	ԨԤքԤԩԪ

ڒԣԡԣԡڒclassڒriskڒbyڒreceivablesڒtradeڒofڒAnalysis

ڒڒ in ڒthouօڒEURڒ	ڒGross receivables	Impairments	ڒNet receivables ڒDecօڒԤԢ ԣԡԣԡ
veryڒlowڒ	ԤԦքԩԡԣ	Ԩԡ	ԤԦքԨԤԣ
lowڒ	ԤԢքԩԤԡ	Ԧԥԣ	ԤԢքԣԩԨ
highlyڒincreasedڒ	Ԧ քԩԦԧ	ԤքԨԡԣ	ԣքԢԦԤ
Totalڒ	Ԩ ԤքԥԩԨ	ԥքԤԢԥ	ԧԪքԢԨԤ

ڒreceivablesڒcompriseڒpredominantlyڒreceivablesڒTrade ڒofڒendՒcustomersڒManagementڒFleetڒandڒLeasingڒfrom theڒAllaneڒMobilityڒGroupڒandڒreceivablesڒfromڒsuppliՒ ڒtheirڒofڒpartڒasڒvehiclesڒusedڒofڒsaleڒtheڒtoڒrelatingڒers buybackڒcommitmentsռڒorڒcommercialڒandڒprivateڒbuyՒ ڒmarketսڒopenڒtheڒonڒsaleڒtheڒofڒpartڒasڒers

ڒcarryingڒreportedڒtheڒisڒamountڒdefaultڒmaximumڒThe ڒcollateralsڒcollectedڒlessڒreceivableڒnetڒtheڒofڒamount ڒEURڒofڒamountڒtheڒinڒdepositsڒcustomerՒsecurityڒԼeսgս ԚռԚԔԘڒthousandԽսڒNoڒcreditڒderivativesڒorڒsimilarڒhedgՒ ingڒinstrumentsڒwereڒusedڒtoڒcoverڒcreditڒriskڒinڒtheڒpeՒ ڒsecuredڒareڒreceivablesڒtheڒofڒPartڒreviewսڒunderڒriod ڒdepositsսڒcustomerڒthrough

TheڒGroupڒappliesڒtheڒsimplifiedڒapproachڒforڒimpairՒ mentڒdescribedڒinڒIFRSڒԚռڒwherebyڒanڒimpairmentڒalՒ ڒoverڒlossesڒcreditڒexpectedڒofڒamountڒtheڒinڒlowance theڒlifetimeڒofڒtheڒreceivableڒisڒrecognisedڒforڒallڒinstruՒ ڒmeasureڒToڒqualityսڒcreditڒtheirڒofڒirrespectiveڒments theڒexpectedڒcreditڒlossesռڒparametersڒsuchڒasڒcusՒ ڒareڒtypeڒtransactionڒandڒqualityڒcreditڒgroupռڒtomer usedսڒForڒindividualڒcombinationsڒofڒtheڒaforemenՒ ڒwithڒaccordanceڒinڒratesڒdifferentڒparametersڒtioned ڒdetermineڒtoڒappliedڒareڒexpectationsڒmanagementڒthe theڒimpairmentڒallowancesսڒDueڒtoڒtheڒuseڒofڒtheڒsimՒ ڒaccountڒallowanceڒtheڒinڒchangesڒtheڒapproachڒplified areڒsolelyڒdisplayedڒasڒnetڒamountսڒInڒtheڒeventڒofڒconՒ ڒinsolvencyڒtheڒexampleڒforڒdefaultռڒofڒindicationsڒcrete ofڒtheڒdebtorռڒtheڒrelevantڒreceivablesڒareڒfullyڒderecՒ ڒmayڒwhichڒallowancesռڒvaluationڒofڒregardlessڒognised ڒmadeսڒbeenڒhave

InڒtheڒfinancialڒyearڒtheڒallowanceڒaccountڒforڒtradeڒreՒ ceivablesڒdevelopedڒasڒfollowsր

ڒԣԡԣԢڒreceivablesڒtradeڒforڒaccountڒallowanceڒtheڒinڒChange

	Balance ڒasڒ		Balance ڒasڒ
ڒڒ	at	Change	at
			ڒDecօڒԤԢ
inڒEURڒthouօڒ	ԢڒJanօڒԣԡԣԢ		ԣԡԣԢ
Impairmentsڒ	ԥքԤԢԥ	ՔԨԢԧ	ԤքԦԪԪ

ڒԣԡԣԡڒreceivablesڒtradeڒforڒaccountڒallowanceڒtheڒinڒChange

	Balance ڒasڒ		Balance ڒasڒ
ڒڒ	at	Change	at
			ڒDecօڒԤԢ
inڒEURڒthouօڒ	ԢڒJanօڒԣԡԣԡ		ԣԡԣԡ
Impairmentsڒ	Ԧ քԪԢԦ	ՔԢքԧԡԢ	ԥքԤԢԥ

receivՒڒadjustedڒռ2020ڒandڒ2021ڒyearsռڒfinancialڒbothڒIn ablesڒwereڒderecognizedڒafterڒexceedingڒagingڒthreshՒ ڒtheڒwherebyڒdefaultռڒofڒnoticeڒfinalڒreceivingڒorڒolds ڒdecreasedڒreceivablesڒtradeڒforڒallowance

ڒriskڒLiquidity

ڒreservesڒliquidityڒexistingڒthatڒriskڒtheڒisڒriskڒLiquidity areڒnotڒsufficientڒtoڒmeetڒtheڒGroupիsڒfinancialڒobligaՒ tionsڒasڒtheyڒfallڒdueսڒTheڒGroupիsڒapproachڒtoڒmanagՒ ڒtheڒthatڒplanningڒliquidityڒbyڒensureڒtoڒisڒliquidityڒing GroupڒalwaysڒhasڒsufficientڒliquidityڒtoڒmeetڒitsڒobligaՒ tionsڒwhenڒdueռڒunderڒbothڒnormalڒandڒstressedڒcondiՒ ڒڒtionsս

ڒMobilityڒAllaneڒtheڒofڒrefinancingڒtheڒfutureռڒtheڒIn ڒselfՒfinancingڒonڒdependentڒessentiallyڒbeڒwillڒGroup ڒborrowڒtoڒabilityڒtheڒorڒflowsڒcashڒoperativeڒthrough ڒregardڒWithڒmarketsսڒcapitalڒdebtڒtheڒonڒfundsڒexternal toڒdebtڒfinancingڒopportunitiesռڒitڒneedsڒtoڒbeڒconsidՒ eredڒthatڒtheڒfinancingڒbehaviourڒofڒtheڒfinancialڒinstiՒ ڒongoingڒtheڒtoڒdueڒsignificantlyڒchangeڒmayڒtutions ڒcreditڒtheڒinڒobservedڒbeڒcanڒwhichڒchangesڒstructural industryռڒforڒexampleڒasڒaڒresultڒofڒhigherڒcapitalڒreՒ ڒtheڒinڒchangesڒorڒbusinessڒcreditڒtheڒinڒquirements ڒrisksսڒofڒweighting

ڒMobilityڒAllaneڒofڒdevelopmentڒtheڒonڒDepending ڒmightڒfinancingڒexternalڒstandingռڒcreditڒownڒGroupիs ڒbeڒconditionsڒunfavorableڒunderڒonlyڒorڒnotڒtherefore

ԕ11 ڒ2021ڒReportڒAnnual ڒgroupڒmobilityڒallane

obtainedսڒInڒthisڒcontextռڒitڒshouldڒbeڒnotedڒthatڒtheڒAlՒ laneڒMobilityڒGroupڒcurrentlyڒhasڒnotڒassignedڒanyڒexՒ ڒasڒHoweverڒratingսڒcreditڒaڒwithڒagencyڒratingڒternal ڒfinancingڒassetՒbasedڒindustryڒleasingڒtheڒinڒcommon ڒleasingڒofڒsecuritisationڒorڒforfeitingڒgսڒԼeսڒopportunities ڒGroupսڒMobilityڒAllaneڒtoڒavailableڒbeڒwillڒreceivablesԽ ڒfirstڒtheڒforڒthisڒofڒuseڒmadeڒGroupڒMobilityڒAllaneڒThe ڒsecuritiesڒbackedڒassetڒanڒsetՒupڒandڒԗ201ڒinڒtime ԼABSԽڒprogrammeڒinڒmidՒ201ԗսڒڒ

ڒbeenڒhasڒprogramڒԼABSԽڒSecuritiesڒBackedڒAssetڒThe ڒonڒamortizedڒbeڒwillڒandڒ2021ڒofڒendڒtheڒuntilڒextended ڒfinancialڒԘ202ڒtheڒofڒmiddleڒtheڒuntilڒbasisڒongoingڒan ڒyearս

ڒofڒamountsڒrepaymentڒtheڒofڒAnalysis ڒrelatedڒtoڒliabilitiesڒandڒliabilitiesڒfinancial ڒڒparties

ڒamountsڒrepaymentڒtheڒincludesڒtableڒfollowingڒThe ԼincludingڒassumedڒfutureڒinterestڒpayableԽڒatڒtheirڒreՒ ڒmaturitiesսڒspective

inڒEURڒthouօڒ	Bonds	Liabilities ڒtoڒ banks	ڒLease liabilities	ڒOther ڒfinancial liabilities	Total
ԣԡԣԣڒ	ԣԦԣքԩԢԦ	ԣԤԧքԤԣԪ	ԣքԧԧԥ	Ւ	ԥԪԢքԩԡԨ
ԣԡԣԤڒ	ڒ	ԢԦԩքԨԦԩ	ԣքԤԧԤ	Ւ	ԢԧԢքԢԣԢ
ԣԡԣԥڒ	ڒ	ԢԢԥքԦԣԧ	ԣքԡԪԢ	Ւ	ԢԢԧքԧԢԨ
ԣԡԣԦڒ	ڒ	ԣԦքԦԩԡ	ԢքԥԪԣ	Ւ	ԣԨքԡԨԣ
ԣԡԣԧڒandڒlaterڒ	ڒ	ԣքԡԥԩ	ԢԣքԣԨԢ	Ւ	ԢԥքԤԢԪ

ڒԣԡԣԢڒmaturityڒbyڒamountsڒRepayment

ڒԣԡԣԡڒmaturityڒbyڒamountsڒRepayment

inڒEURڒthouօڒ	Bonds	Liabilities ڒtoڒ banks	ڒLease liabilities	ڒOther ڒfinancial liabilities	Total
ԣԡԣԢڒ	ԤքԨԦԡ	ԣԦԤքԪԩԡ	ԦքԢԧԩ	Ԥքԧԡԧ	ԣԧԧքԦԡԦ
ԣԡԣԣڒ	ԣԦԤքԨԤԡ	ԢԪԦքԡԡԢ	ԣքԢԧԥ	Ւ	ԥԦԡքԩԪԦ
ԣԡԣԤڒ	Ւ	ԢԤԧքԪԪԡ	ԢքԪԣԩ	Ւ	ԢԤԩքԪԢԩ
ԣԡԣԥڒ	Ւ	ԩԡքԢԩԤ	ԢքԧԢԤ	Ւ	ԩԢքԨԪԧ
ԣԡԣԦڒandڒlaterڒ	Ւ	ԤքԦԨԥ	ԣքԩԤԩ	Ւ	ԧքԥԢԣ
ԤԢڒDecօڒԣԡԣԡڒ	ԣԦԨքԥԩԡ	ԧԧԪքԨԣԩ	ԢԤքԨԢԣ	Ԥքԧԡԧ	ԪԥԥքԦԣԧ

ԤԢڒDecօڒԣԡԣԢڒ ԣԦԣքԩԢԦ ԦԤԨքԣԥԢ ԣԡքԩԩԢ - ԩԢԡքԪԤԨ

ڒbeڒlargelyڒwillڒ2022ڒinڒmaturingڒliabilitiesڒfinancialڒThe ڒlinesսڒcreditڒbankڒofڒusageڒtheڒbyڒrepaid

ڒandڒrateڒinterestڒofڒamountsڒrepaymentڒtheڒofڒAnalysis currencyڒderivativesր

ڒԣԡԣԢڒmaturityڒbyڒamountsڒRepayment

in ڒthouօڒEURڒ derivatives			Total
ԣԡԣԣڒ	Քԣԣԧ	Քԧԡ	ՔԣԩԦ
ԣԡԣԤڒ	ԧԦ ԡ		Ԧԧԡ
ԣԡԣԥڒ	ԤԨԡ		ԤԨԡ
ڒԦԣԡԣ	ԪԨ		ԪԨ
ԣԡԣԧڒandڒlaterڒ	ԥ		ԥ
ԤԢڒDecօڒԣԡԣԢڒ	ԩԩԨ	ԧ– ԡ	Ԩԣԩ

ڒԣԡԣԡڒmaturityڒbyڒamountsڒRepayment

Interest ڒrateڒ derivatives	ڒCurrency derivatives	Total
ՔԨԣԡ	ՔԢԡԧ	Քԩԣԧ
ՔԤԡԢ		ՔԤԡԢ
ՔԤԥ		ՔԤԥ
ԢԦ		ԢԦ
Ԣ		Ԣ
– ԢքԡԤԩ	–Ԣԡԧ	–ԢքԢԥԥ

ڒriskڒcountryڒandڒrateڒExchange

ڒtheڒinڒsignificanceڒminorڒonlyڒofڒisڒriskڒrateڒExchange AllaneڒMobilityڒGroupռڒasڒtheڒvastڒmajorityڒofڒreceivaՒ ڒtheڒofڒcurrencyڒlocalڒtheڒinڒdueڒareڒliabilitiesڒandڒbles ڒisڒcompanyڒGroupڒrespectiveڒtheڒwhichڒinڒcountry ڒpresentսڒatڒrisksڒcountryڒnoڒalmostڒareڒThereڒbasedս

ڒmanagementڒCapital

ڒcapitalڒGroupիsڒtheڒmanagesڒGroupڒMobilityڒAllaneڒThe withڒtheڒgoalڒofڒcreatingڒaڒfinancialڒprofileڒthatڒsupՒ ڒtheڒprovidingڒwhileڒtargetsռڒgrowthڒGroupիsڒtheڒports ڒdiversificationսڒandڒflexibilityڒfinancialڒnecessary TherebyڒitڒisڒensuredڒthatڒallڒGroupڒcompaniesڒcanڒopՒ ڒassumptionսڒconcernڒgoingڒtheڒofڒbasisڒtheڒonڒerate

ڒequityڒtheڒisڒprofileڒfinancialڒGroupիsڒtheڒofڒbasisڒThe providedڒbyڒAllaneڒSEխsڒequityڒinvestorsսڒAsڒatڒtheڒbalՒ ڒٝԙսԔ1ڒwasڒratioڒequityڒGroupիsڒtheڒdateռڒsheetڒance Լ2020րڒ1ԗսԔٝԽսڒOtherڒkeyڒelementsڒofڒtheڒGroupիsڒfinanՒ ڒinڒreportedڒinstrumentsڒfinancialڒtheڒareڒprofileڒcial ڒbankڒԼbondsռڒliabilitiesڒfinancialڒcurrentڒandڒnonՒcurrent loansڒasڒwellڒasڒliabilitiesڒfromڒtheڒassetڒbackedڒsecuriՒ tiesڒprogramڒandڒfinanceڒleaseڒliabilitiesԽսڒTheڒproporՒ ڒnonՒcurrentڒtheseڒbyڒforڒaccountedڒassetsڒtotalڒofڒtion andڒcurrentڒliabilitiesڒamountedڒtoڒԗԘսԔٝڒԼ2020րڒԘ2ս2ٝԽսڒڒ

Ԧօ Otherڒdisclosuresڒڒ

ԦօԢ Segmentڒreporting

ByڒBusinessڒUnitڒ		Leasing	FleetڒManagement			Consolidation		Group
inڒEURڒmillionڒ	ԣԡԣԢ	ԣԡԣԡ	ԣԡԣԢ	ԣԡԣԡ	ԣԡԣԢ	ԣԡԣԡ	ԣԡԣԢ	ԣԡԣԡ
Externalڒrevenueڒ	ԧ ԣԦօԢ	ԧԥԣօԢ	ԢԢԦօԤ	ԢԡԦօԧ	Ւ	Ւ	Ԩԥԡօԥ	ԨԥԨօԨ
Internalڒrevenueڒ	ԡօԢ	Քԡօԡ	ԡօԡ	ԡօԣ	ՔԡօԢ	Քԡօԣ	Ւ	Ւ
Totalڒrevenueڒ	ԧ ԣԦօԣ	ԧԥԣօԢ	ԢԢԦօԥ	ԢԡԦօԩ	ՔԡօԢ	Քԡօԣ	Ԩԥԡօԥ	ԨԥԨօԨ
Fleet expensesڒ costڒandڒ ڒleaseڒofڒ
assetsԢڒ	ԤԧԪօԢ	ԤԩԡօԨ	ԢԡԥօԢ	ԪԤօԢ	ՔԡօԢ	Քԡօԡ	ԥԨԤօԢ	ԥԨԤօԩ
EBITDAԣڒ	ԢԩԤօԥ	ԣԡԩօԤ	ԡօԨ	ԤօԢ	Ւ	Ւ	Ԣԩԥօԡ	ԣԢԢօԥ
Depreciationڒandڒamortisationڒexpenseڒ	ԢԨԢօԡ	ԢԪԢօԣ	ԡօԢ	ԡօԡ	Ւ	Ւ	ԢԨԢօԡ	ԢԪԢօԣ
EBITԤڒ	Ԣԣօԥ	ԢԨօԢ	ԡօԧ	ԤօԢ	Ւ	Ւ	ԢԤօԡ	ԣԡօԣ
Interestڒincomeڒ	ԡօԥ	ԡօԦ	ԡօԡ	ԡօԡ	ՔԡօԢ	Քԡօԣ	ԡօԤ	ԡօԥ
Interestڒexpenseڒ	ՔԨօԤ	ՔԢԢօԤ	ՔԡօԢ	Քԡօԣ	ԡօԢ	ԡօԣ	ՔԨօԤ	ՔԢԢօԤ
Otherڒnetڒfinancialڒincomeڒ	ԡօԣ	Քԡօԣ	Ւ	Ւ	Ւ	Ւ	ԡօԣ	Քԡօԣ
Netڒfinanceڒcostsڒ	ՔԧօԨ	ՔԢԡօԪ	ՔԡօԢ	Քԡօԣ	Ւ	Ւ	ՔԧօԪ	ՔԢԢօԢ
EBTԥڒ	Ԧ օԨ	ԧօԣ	ԡօԦ	ԣօԪ	Ւ	Ւ	ԧօԢ	ԪօԢ
Investmentsڒ	ԤԥԣօԢ	ԥԥԤօԣ	ԡօԡ	ԡօԡ	Ւ	Ւ	ԤԥԣօԢ	ԥԥԤօԣ
Assetsڒ	ԢքԢԨԣօԡ	Ԣքԣԩԡօԥ	ԤԥօԤ	ԣԣօԨ	ՔԢԣօԪ	ՔԪօԤ	ԢքԢԪԤօԤ	ԢքԣԪԤօԪ
Liabilitiesڒ	Ԫ Ԣԩօԧ	ԢքԡԤԣօԨ	ԤԣօԢ	ԣԢօԨ	ՔԢԣօԨ	ՔԪօԢ	ԪԤԩօԡ	ԢքԡԥԦօԣ
EmployeesԦڒ	ԧ Ԥԡ	ԧԡԧ	ԩԦ	ԩԨ	Ւ	Ւ	ԨԢԦ	ԧԪԤ

Byڒregionڒ		Germany		International		Reconciliation		Group
inڒEURڒmillionڒ	ԣԡԣԢ	ԣԡԣԡ	ԣԡԣԢ	ԣԡԣԡ	ԣԡԣԢ	ԣԡԣԡ	ԣԡԣԢ	ԣԡԣԡ
Totalڒrevenueڒ	Ԩԧԧ օԣ	ԧԨԪօԧ	ԨԤօԤ	ԧԩօԢ	Ւ	Ւ	Ԩԥԡօԥ	ԨԥԨօԨ
Investmentsڒ	ԣԪԨօԦ	ԥԡԤօԩ	ԥԥօԧ	ԤԪօԥ	Ւ	Ւ	ԤԥԣօԢ	ԥԥԤօԣ
Assetsڒ	ԢքԣԤԦօԧ	ԢքԤԦԧօԢ	ԧԢԥօԤ	ԨԡԤօԦ	ՔԧԦԧօԧ	ՔԨԧԦօԩ	ԢքԢԪԤօԤ	ԢքԣԪԤօԪ

1 ڒmillionԽڒ0ս0ڒEURڒր2020Լڒmillionڒ2ս1ڒEURڒofڒamountڒtheڒinڒincludedڒareڒsaleڒforڒintendedڒassetsڒleaseڒonڒwriteՒdownsڒsegmentڒleasingڒtheڒIn ڒ 2 ڒԼEBITDAԽڒamortisationڒandڒdepreciationڒtaxesռڒinterestռڒbeforeڒearningsڒtoڒCorresponds ڒ

ԓڒ CorrespondsڒtoڒearningsڒbeforeڒinterestڒandڒtaxesڒԼEBITԽ

ڒԼEBTԽڒtaxesڒbeforeڒearningsڒtoڒCorresponds ڒԔ

ڒaverageڒAnnual ڒԕ

TheڒAllaneڒMobilityڒGroupڒisڒactiveڒinڒtheڒbusinessڒarՒ easڒLeasingڒandڒFleetڒManagementսڒResourcesڒareڒalloՒ ڒtheڒbyڒassessedڒisڒperformanceڒGroupիsڒtheڒandڒcated ManagingڒBoardڒonڒtheڒbasisڒofڒtheseڒsegmentsڒԼmanՒ agementڒapproachԽսڒTheڒkeyڒparameterڒforڒtheڒassessՒ ڒareڒBoardڒManagingڒtheڒbyڒperformanceڒtheڒofڒment ڒڒsegmentsսڒtheڒofڒԼEBTԽڒtaxesڒbeforeڒearningsڒthe

TheڒgeographicڒinformationڒanalysesڒtheڒGroupիsڒreveՒ ڒbyڒassetsڒGroupիsڒtheڒandڒinvestmentsڒGroupիsڒtheڒnueռ ڒdomicileսڒofڒcountryڒCompanyիsڒGroup

SegmentڒreportingڒisڒbasedڒonڒtheڒaccountingڒandڒvalՒ uationڒprinciplesڒinڒtheڒconsolidatedڒfinancialڒstateՒ ڒexpensesڒandڒincomeڒliabilitiesռڒreceivablesռڒmentsս ڒtheڒinڒeliminatedڒareڒsegmentsڒtheڒbetween

reconciliationڒtoڒtheڒGroupڒfiguresսڒGroupڒassetsڒandڒliՒ ڒpositionsսڒtaxڒanyڒrecogniseڒnotڒdoڒabilities

Ԧօԣ Contingentڒliabilitiesڒandڒotherڒfinancialڒ ڒobligations

ڒliabilitiesڒContingent

AtڒtheڒendڒofڒtheڒfinancialڒyearڒthereڒwereڒcontingenՒ ڒtheڒinڒobligationsڒsimilarڒorڒguaranteesڒfromڒcies amountڒofڒEURڒ11ս2ڒmillionڒԼ2020րڒEURڒ11ս2ڒmillionԽսڒ

ڒobligationsڒfinancialڒOther

ڒconcludedڒfromڒresultingڒcommitmentsڒPurchase agreementsڒatڒtheڒrespectiveڒbalanceڒsheetڒdateڒconՒ ڒtheڒinڒfleetڒleaseڒtheڒforڒdeliveriesڒvehicleڒcerning

comingڒyearڒamountڒtoڒaroundڒEURڒ2ԕ0ս2ڒmillionڒԼ2020րڒ EURڒ1ԗ1սԓڒmillionԽսڒ

ڒContingencies

ڒfromڒSEڒAllaneڒagainstڒdisputesڒlegalڒofڒcontextڒtheڒIn ڒtoڒregardڒwithڒcontractsڒleasingڒforڒactionsڒrevocation ڒtheڒofڒsomeڒofڒcourseڒfurtherڒtheڒinstanceռڒsecondڒthe openڒcasesڒdependsڒonڒtheڒtimingڒofڒoutstandingڒdeciՒ ڒtheڒandՎorڒԼBHGԽڒJusticeڒofڒCourtڒFederalڒtheڒofڒsions ڒpendingڒfewڒonڒԼEuGHԽڒJusticeڒofڒCourtڒEuropean ڒcontingentڒaڒcasesڒopenڒthoseڒForڒSEսڒAllaneڒofڒcases ڒսԚ1ڒEURڒofڒamountڒtheڒinڒSEڒAllaneڒforڒexistsڒliability ڒmillionս

ԦօԤ ShareՒbasedڒpaymentsڒ

ڒparticipationڒemployeeڒnoڒisڒthereڒyearռڒfinancialڒtheڒIn ڒInڒGroupսڒMobilityڒAllaneڒtheڒinڒemployeesڒforڒprogram priorڒyearռڒtheڒSixtڒSEڒGroupڒhadڒimplementedڒanڒemՒ ڒStockڒԼMatchingڒprogrammeڒparticipationڒequityڒployee ڒforڒopenڒbeenڒalsoڒhadڒwhichڒԽռ2012ڒMSPڒՔڒProgramme ڒGroupռڒMobilityڒAllaneڒofڒemployeesڒofڒparticipationڒthe ڒCapitalڒHyundaiڒbyڒinfluencedڒnotڒbasicallyڒwasڒwhich BankڒEuropeڒGmbHսڒFromڒtheڒperspectiveڒofڒAllaneڒMoՒ ڒcashՒsettledڒasڒclassifiesڒprogrammeڒtheڒGroupڒbility ڒprogrammeսڒpaymentڒshareՒbased

ڒanyڒrecogniseڒnotڒdidڒGroupڒMobilityڒAllaneڒtheڒռ2021ڒIn personnelڒexpensesڒԼ2020րڒTEURڒԘԗԽڒinڒconnectionڒ withڒshareՒbasedڒpaymentsڒandڒallocatedڒthemڒtoڒperՒ sonnelڒprovisionsڒԼ2021րڒTEURڒ0ռڒ2020րڒTEURڒԘԕԽսڒ

Ԧօԥ Relatedڒpartyڒdisclosuresڒ

ڒtransactionsڒincludesڒtransactionsڒpartyڒrelatedڒThe ڒCapitalڒHyundaiڒandڒGroupڒMobilityڒAllaneڒbetween ڒBancoڒpartyڒrelatedڒitsڒasڒwellڒasڒGmbHڒEuropeڒBank ڒindirectڒandڒdirectڒitsڒincludingڒSpainڒSսAսռڒSantander ڒventuresڒjointڒandڒcompaniesڒassociatedڒsubsidiariesռ ڒitsڒincludingڒKoreaڒSeoulռڒCompanyռڒMotorڒHyundaiڒand ڒcompaniesڒassociatedڒsubsidiariesռڒindirectڒandڒdirect ڒventuresսڒjointڒand

ڒCapitalڒHyundaiڒisڒSEڒAllaneڒofڒcompanyڒparentڒThe BankڒEuropeڒGmbHսڒAllaneڒMobilityڒConsultingڒÖsterՒ reichڒGmbHڒandڒAllaneڒMobilityڒConsultingڒSARLڒareڒinՒ ڒSEսڒAllaneڒofڒsubsidiariesڒnonՒconsolidatedڒdirectռ AllaneڒServiceڒVerwaltungsڒGmbHڒisڒaڒdirectռڒnonՒconՒ ڒrelatedڒfurtherڒTheڒSEսڒAllaneڒofڒsubsidiaryڒsolidated ڒSսAսռڒSantanderڒBancoڒofڒgroupՒentitiesڒareڒparties SpainڒasڒwellڒasڒgroupՒentitiesڒofڒHyundaiڒMotorڒComՒ ڒKoreaսڒSeoulռڒpanyռ

ڒfromڒarisingڒbalancesڒandڒtransactionsڒsignificantڒThe suchڒrelationshipsڒwithڒrelatedڒpartiesڒofڒHyundaiڒCapiՒ ڒcompaniesڒaffiliatedڒitsڒandڒGmbHڒEuropeڒBankڒtal BancoڒSantanderڒSսAսռڒSpainռڒincludingڒitsڒdirectڒandڒinՒ ڒandڒventuresռڒjointڒandڒassociatesڒsubsidiariesռڒdirect HyundaiڒMotorڒCompanyռڒSeoulռڒKoreaռڒincludingڒitsڒdiՒ rectڒandڒindirectڒsubsidiariesռڒassociatesڒandڒjointڒvenՒ ڒbelowսڒpresentedڒareڒturesռ

ڒڒ	Servicesڒrendered ԢԧڒJuly ԣԡԣԡ ڒuntilڒ		Servicesڒused ԢԧڒJuly ڒԣԡԣԡ ڒuntil		Receivables ڒfromڒ relatedڒparties		Liabilities ڒrelatedڒtoڒ parties
inڒEURڒmillionڒ	ԣԡԣԢ	ԤԢڒDecօ ԣԡԣԡ	ԣԡԣԢ	ԤԢڒDec ԣԡԣԡ	ڒDecօڒԤԢ ԣԡԣԢ	ڒDecօڒԤԢ ԣԡԣԡ	ڒDecօڒԤԢ ԣԡԣԢ	ڒDecօڒԤԢ ԣԡԣԡ
Hyundai AutoEverڒ Europeڒ ڒGmbHքڒ OffenbachڒamڒMainքڒGermanyڒ	Ւ	Ւ	ԣօԡ	ԡօԥ	Ւ	Ւ	Ւ	ԡօԦ
HyundaiڒAutoEverڒCorpօքڒSeoulքڒKoreaڒ	Ւ	Ւ	ԡօԤ	Ւ	Ւ	Ւ	Ւ	Ւ
Hyundai ڒMotorڒ Deutschland ڒGmbHքڒ OffenbachڒamڒMainքڒGermanyڒ	Ԣ	Ւ	Ւ	Ԣ	Ւ	Ւ	Ւ	Ւ
Hyundai Motorڒ Europeڒ Technicalڒ ڒCenterڒ GmbHքڒRüsselsheimքڒGermanyڒ	Ԣ	Ԣ	Ւ	Ւ	Ԣ	Ԣ	Ւ	Ւ
Genesis ڒMotorڒ Deutschland ڒGmbHքڒ OffenbachڒamڒMainքڒGermanyڒ	Ւ	Ւ	Ԣ	Ւ	Ւ	Ւ	Ւ	Ւ
Hyundai Motorڒ SASڒFranceڒ ڒLaڒԼHMFԽքڒ GarenneՒColombesքڒFranceڒ	Ւ	Ւ	Ԣ	Ւ	Ւ	Ւ	Ւ	Ւ
Hyundai ڒCapitalڒ EuropeڒBank ڒGmbHքڒ FrankfurtڒamڒMainքڒGermanyڒ	Ԣ	Ւ	Ւ	Ւ	Ԣ	Ւ	Ւ	Ւ
Banco ڒSantanderڒ International ڒSAքڒ GenevaքڒSwitzerlandڒ	Ԣ	ԡօԢ	Ւ	Ւ	Ԣ	Ԣ	Ւ	Ւ
Santander Consumerڒ ڒAGքڒBankڒ MönchengladbachքڒGermanyڒ	Ԣ	Ւ	ԡօԥ	ԡօԣ	Ւ	Ԣ	Ԣԡԡօԡ	Ԣԥԡօԡ
Santander Consumerڒ Leasingڒ ڒGmbHքڒ MönchengladbachքڒGermanyڒ	Ԣ	Ւ	Ւ	Ւ	Ւ	Ւ	Ւ	Ւ
Santander Globalڒ Technologyڒ ڒandڒ OperationsքڒSօLօքڒMadridքڒSpainڒ	Ւ	Ւ	ԡօԦ	Ւ	Ւ	Ւ	Ւ	Ւ

1 ڒmillionڒ1ս0ڒEURڒthanڒlessڒroundedڒAmount ڒ

ڒwithڒagreementڒfacilityڒcreditڒaڒintoڒenteredڒSEڒAllane ڒfacilityռڒcreditڒthisڒOfڒAGսڒBankڒConsumerڒSantander ڒdrawnڒbeenڒhadڒmillionڒ100ڒEURڒofڒamountڒtheڒinڒloans ڒ0Ԕ1ڒEURڒyearրڒԼpreviousڒdateڒreportingڒtheڒofڒasڒdown ڒyearsսڒfourڒtoڒupڒofڒtermڒaڒhaveڒloansڒTheڒmillionԽս ThereڒisڒaڒchangeڒofڒcontrolڒclauseռڒwhichڒgivesڒSanՒ ڒloansڒtheڒinڒcallڒtoڒrightڒtheڒAGڒBankڒConsumerڒtander ڒcontrolڒofڒchangeڒaڒifڒimmediatelyڒpayableڒinterestڒand occursսڒFurthermoreռڒonڒ2ԚڒDecemberڒ2021ռڒaڒcommitՒ ڒenteredڒwasڒmillionڒ0ԕ2ڒEURڒforڒagreementڒfacilityڒted intoڒwithڒSantanderڒConsumerڒBankڒAGռڒGermanyռڒtoڒfiՒ ڒռ2022ڒFebruaryڒ2ڒOnڒbondսڒaڒofڒrepaymentڒtheڒnance thisڒagreementڒwasڒterminatedڒwithڒeffectڒfromڒԔڒFebՒ ڒս2022ڒruary

ڒhardwareڒinfrastructureڒITڒofڒsupplyڒtheڒforڒcontractڒA ڒEuropeڒAutoEverڒHyundaiڒwithڒconcludedڒbeenڒhas GmbHռڒGermanyռڒinڒ2020սڒTheڒmajorڒpartڒofڒthisڒagreeՒ ڒyearսڒfinancialڒ2021ڒtheڒinڒexecutedڒwasڒment

ڒSantanderڒwithڒconcludedڒwasڒagreementڒlicenseڒITڒAn ڒSpainڒMadridռڒSսLսռڒOperationsռڒandڒTechnologyڒGlobal ڒyearsսڒthreeڒofڒperiodڒaڒfor

AllڒoutstandingڒreceivablesڒfromڒandڒpayablesڒtoڒreՒ latedڒpartiesռڒwhichڒareڒreportedڒseparatelyռڒwereڒsetՒ ڒ2021ڒInڒagreementsսڒcontractualڒofڒbasisڒtheڒonڒtled ڒrelatedڒfromڒreceivablesڒofڒimpairmentڒforڒexpenses ڒrecognizedڒwereڒmillionڒսԕ1ڒEURڒtoڒamountingڒparties ڒmillionԽսڒ0ڒEURڒyearրڒԼprevious

ڒrelatedڒhadڒGroupڒMobilityڒAllaneڒtheڒyearռڒpriorڒtheڒIn ڒGroupڒMobilityڒAllaneڒtheڒbetweenڒrelationshipsڒparty andڒSixtڒSEڒandڒitsڒdirectڒandڒindirectڒsubsidiariesռڒasՒ ڒJulyڒԕ1ڒonڒclosingڒtheڒuntilڒventuresڒjointڒandڒsociates ڒparentڒtheڒwasڒSEڒSixtڒyearռڒfinancialڒ2020ڒtheڒInڒս2020 ڒJanuaryڒս1ڒfromڒperiodڒtheڒinڒSEڒAllaneڒofڒcompany ڒս2020ڒJulyڒԕ1ڒtoڒ2020

ڒasڒwellڒasڒKGռڒAutovermietungڒCoսڒԱڒGmbHڒSixtڒThe otherڒcompaniesڒofڒtheڒSixtڒSEڒGroupڒprovideڒrentalڒveՒ ڒfinancialڒtheڒuntilڒGroupڒMobilityڒAllaneڒtheڒtoڒhicles ڒhadڒGroupڒMobilityڒAllaneڒtheڒadditionռڒInڒս2021ڒyear ڒGmbHڒSixtڒtoڒareasڒandڒfunctionsڒindividualڒtransferred ڒofڒcompaniesڒgroupڒotherڒandڒKGڒAutovermietungڒCoսڒԱ ڒoutsourcingڒTheseڒս2020ڒJulyڒԕ1ڒuntilڒGroupڒSEڒSixtڒthe ڒtheڒwithڒconnectionڒinڒterminatedڒwereڒarrangements ڒbyڒSEڒSixtڒfromڒSEڒAllaneڒinڒsharesڒallڒofڒpurchase ڒmainlyڒThisڒGmbHսڒEuropeڒBankڒCapitalڒHyundai

ڒMobilityڒAllaneڒtheڒadditionռڒInڒservicesսڒITڒinvolved GroupڒrentsڒbusinessڒpremisesڒforڒtheڒoperatingڒbusiՒ ڒTheseڒGroupսڒSEڒSixtڒtheڒofڒcompaniesڒgroupڒofڒness ڒڒacquisitionսڒtheڒafterڒexistڒtoڒcontinueڒleases

ڒwereڒbelowڒdescribedڒagreementsڒtheڒFurthermoreռ ڒindirectڒandڒdirectڒotherڒandڒSEڒSixtڒwithڒconcluded ڒTheseڒyearսڒpreviousڒtheڒinڒSEڒSixtڒofڒsubsidiaries ڒtheڒofڒcompletionڒuponڒeffectiveڒbecameڒagreements ڒEuropeڒBankڒCapitalڒHyundaiڒbyڒbidڒtakeoverڒvoluntary ڒJulyڒԗ1ڒrespectivelyڒ2020ڒJulyڒԕ1ڒonڒԼHCBEԽڒGmbH ڒSupportڒSeparationڒandڒServicesڒTransitionalڒAڒս2020 AgreementڒITڒwasڒagreedռڒwhichڒareڒessentiallyڒITڒserՒ ڒregulatesڒparallelڒinڒandڒperiodڒtransitionalڒaڒforڒvices theڒseparationڒofڒtheڒITڒinfrastructureڒandڒITڒapplicaՒ ڒmarketڒstandardڒatڒconcludedڒisڒagreementڒTheڒtionsս ڒcompensationڒforڒprovidesڒandڒconditionsڒandڒterms ڒdueڒcompensationڒasڒwellڒasڒutilizationڒonڒdependent ڒtransferڒandڒpurchaseڒAڒcompletionսڒsuccessfulڒupon agreementڒwasڒconcludedڒforڒtheڒacquisitionڒofڒsignifiՒ ڒSalesڒCarڒSLڒofڒoperationsڒbusinessڒtheڒofڒpartsڒcant GmbHռڒGarchingռڒasڒwellڒasڒassetsڒandڒcertainڒconՒ ڒpriceڒpurchaseڒTheڒoperationsսڒtheseڒtoڒrelatingڒtracts ڒexternalڒanڒonڒbasedڒwasڒandڒmillionڒ1ս2ڒEURڒwas

valuationսڒPreviouslyռڒtheڒAllaneڒMobilityڒGroupڒhadڒenՒ ڒtoڒGmbHڒSalesڒCarڒSLڒwithڒagreementڒanڒintoڒtered takeڒoverڒtheڒmarketingڒofڒusedڒleasedڒvehiclesڒandڒreՒ ڒwithڒterminatedڒwasڒwhichڒservicesռڒadditionalڒlated ڒmarketingڒbeenڒhasڒSEڒAllaneڒthenռڒSinceڒpurchaseսڒthe ڒacquiredڒlocationsڒtwoڒtheڒatڒitselfڒvehiclesڒleasedڒused ڒlicenseڒaڒFurthermoreռڒtransactionսڒthisڒofڒcourseڒtheڒin agreementڒwasڒconcludedڒregardingڒtheڒuseڒofڒtradeՒ ڒincludingڒequipmentڒbusinessڒlogosռڒcompanyڒmarksռ ڒperiodڒaڒforڒdomainsڒinternetڒandڒdesignڒcorporateڒthe ofڒԕڒyearsڒfromڒtheڒclosingڒofڒtheڒtransactionսڒTheڒcusՒ ڒnetڒcertainڒonڒbasedڒisڒremunerationڒmarketڒtomary ڒڒyearsսڒrecentڒinڒpracticedڒandڒagreedڒasڒsalesռ

ڒJulyڒԕ1ڒonڒclosingڒtheڒafterڒyearռڒfinancialڒ2021ڒtheڒIn ڒSEڒSixtڒwithڒrelationshipsڒfurtherڒnoڒwereڒthereڒռ2020 ڒandڒassociatesڒsubsidiariesռڒindirectڒandڒdirectڒitsڒand ڒpartiesսڒrelatedڒasڒrelationshipڒaڒinڒventuresڒjoint

TheڒmaterialڒtransactionsڒandڒbalancesڒfromڒsuchڒrelaՒ ڒitsڒandڒSEڒSixtڒofڒpartiesڒrelatedڒformerڒwithڒtionships ڒjointڒandڒassociatesڒsubsidiariesռڒindirectڒandڒdirect ڒbelowսڒpresentedڒareڒventures

ڒڒ ڒ ڒ ڒ ڒ ڒԣԡԣԡڒJulڒԦԢڒuntilڒԣԡԣԡڒJanڒԢڒfromڒpartiesڒRelated

		ڒServices
	ڒServices	used
	rendered	from ڒJanօڒԢڒ
	from ڒJanօڒԢڒ	ڒuntilڒԣԡԣԡ	Receivables ڒfromڒ	Liabilities ڒtoڒ
	ԣԡԣԡ ڒԦԢڒuntilڒ	ڒJulօڒԦԢ	relatedڒparties	relatedڒparties
EURڒin ڒmillionڒ	Julօڒԣԡԣԡ	ԣԡԣԡ	ԢԦڒJulօڒԣԡԣԡ	ԢԦڒJulօڒԣԡԣԡ
SixtڒGmbHڒԱڒCoօڒAutovermietungڒKGքڒPullachڒ	ԣօԦ	Ԥօԧ	ԥօԡ	Ԥօԧ
SixtڒSEքڒPullachڒ	ԡօԤ	ԡօԧ	Ԣ	ԡօԧ
TOVڒԧՒSystemsքڒKiewքڒUkraineڒ	Ւ	ԡօԨ	Ւ	ԡօԧ
SLڒCarڒSalesڒGmbHքڒGarchingڒ	Ԣ	ԡօԤ	Ԣ	ԡօԤ
SixtڒGmbHքڒMünchenڒ	ԡօԤ	Ւ	ԡօԢ	Ւ
SixtڒSASքڒAvrignyքڒFranceڒ	Ւ	ԡօԣ	Ւ	Ԣ
ڒSixt Verwaltungsgesellschaft ڒmitڒ beschränkter Haftungڒ ڒCoօڒԱڒ
DeltaڒImmobilienڒKGքڒPullachڒ	Ւ	ԡօԦ	Ւ	Ւ
SXTڒDienstleistungenڒGmbHڒԱڒCoօڒKGքڒRostockڒ	ԡօԢ	Ԣ	Ԣ	ԡօԢ
SXTڒReservierungsՒڒundڒVertriebsՒGmbHڒԱڒCoօڒKGքڒRostockڒ	ԡօԢ	Ԣ	Ԣ	Ԣ
SixtڒrentՒaՒcarڒAGքڒBaselքڒSwitzerlandڒ	Ւ	Ԣ	Ւ	Ԣ
SixtڒGօmօbօHօքڒVösendorfքڒAustriaڒ	Ւ	Ԣ	Ւ	Ԣ
SixtڒAirڒGmbHքڒWeslingڒ	Ԣ	Ւ	Ւ	Ւ
SXTڒTelesalesڒGmbHքڒBerlinڒ	Ԣ	Ԣ	Ԣ	Ԣ
SixtڒChauffeurڒReservationڒSystemsڒGmbHڒԱڒCoօڒKGքڒBerlinڒ	Ԣ	Ւ	Ԣ	Ւ
SixtڒBօVօքڒHoofddorpքڒNetherlandsڒ	Ւ	Ԣ	Ւ	Ԣ
SixtڒExecutiveڒGmbHքڒGarchingڒ	Ԣ	Ւ	Ւ	Ւ

1 millionڒ1ս0ڒEURڒthanڒlessڒroundedڒAmount ڒ

TheڒbusinessڒrelationshipsڒshownڒareڒinڒeachڒcaseڒconՒ ductedڒonڒanڒarmխsڒlengthڒbasisս

ڒSEڒAllaneڒofڒBoardڒManagingڒandڒBoardڒSupervisoryڒThe

Supervisory ڒBoardڒ	Membership ڒofڒ supervisory boardsڒ ڒotherڒandڒ comparable ڒ supervisory ڒ ofڒbodies ڒbusinessڒ enterprises ڒ
Jochen ڒKlöpperڒ ڒChairman	Chairman theڒofڒ Supervisoryڒ Boardڒ ڒHyundaiڒofڒ BankڒCapital Europeڒ ڒGmbHڒ ڒԼHCBEԽ
RiskڒChief ofڒOfficerڒ Santanderڒ Consumerڒ ڒAGڒBankڒ Viennaք ڒAustriaڒ ڒ	Member ڒtheڒofڒ Administrative Boardڒ ofڒWestڒ Schufaڒtheڒ ڒAGڒHoldingڒ ڒ
Hyunjoo ڒKimڒ Deputy ڒChairmanڒ Chairman Fubonڒofڒ Hyundaiڒ undڒLifeڒ Koreaڒdemڒ Creditڒ ڒBureauڒ Seoulք Southڒ ڒKoreaڒ	Member theڒofڒ Supervisoryڒ Boardڒ Hyundaiڒofڒ ڒCapitalڒ EuropeڒBank ڒGmbHڒ
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• ڒaڒasڒreportڒmanagementڒgroupڒaccompanyingڒthe ڒGroupիsڒtheڒofڒviewڒappropriateڒanڒprovidesڒwhole positionսڒInڒallڒmaterialڒrespectsռڒthisڒgroupڒmanageՒ mentڒreportڒisڒconsistentڒwithڒtheڒconsolidatedڒfinanՒ ڒlegalڒGermanڒwithڒcompliesڒstatementsռڒcial requirementsڒandڒappropriatelyڒpresentsڒtheڒopporՒ ڒauditڒOurڒdevelopmentսڒfutureڒofڒrisksڒandڒtunities ڒnotڒdoesڒreportڒmanagementڒgroupڒtheڒonڒopinion coverڒtheڒcontentڒofڒtheڒstatementڒonڒcorporateڒgovՒ ڒaboveսڒtoڒreferredڒernance

deՒڒweڒHGBռڒ1ڒԾsentenceՀڒSatzڒԓڒAbsսڒ22ԓڒׁڒtoڒPursuant clareڒthatڒourڒauditڒhasڒnotڒledڒtoڒanyڒreservationsڒreՒ ڒconsolidatedڒtheڒofڒcomplianceڒlegalڒtheڒtoڒlating financialڒstatementsڒandڒofڒtheڒgroupڒmanagementڒreՒ ڒportս

ڒOpinionsڒAuditڒtheڒforڒBasis

ڒfinancialڒconsolidatedڒtheڒofڒauditڒourڒconductedڒWe statementsڒandڒofڒtheڒgroupڒmanagementڒreportڒinڒacՒ ڒRegulationڒAuditڒEUڒtheڒandڒHGBڒԘ1ԓڒׁڒwithڒcordance ԼNoսڒԕԓԘՎ201ԔռڒreferredڒtoڒsubsequentlyڒasڒծEUڒAuditڒ RegulationծԽڒinڒcomplianceڒwithڒGermanڒGenerallyڒAcՒ ceptedڒStandardsڒforڒFinancialڒStatementڒAuditsڒpromՒ ڒԾInstituteڒWirtschaftsprüferڒderڒInstitutڒtheڒbyڒulgated ofڒPublicڒAuditorsڒinڒGermanyՀڒԼIDWԽսڒOurڒresponsibiliՒ ڒfurtherڒareڒprinciplesڒandڒrequirementsڒthoseڒunderڒties ڒAuditڒtheڒforڒResponsibilitiesڒծAuditorխsڒtheڒinڒdescribed ڒtheڒofڒandڒStatementsڒFinancialڒConsolidatedڒtheڒof GroupڒManagementڒReportծڒsectionڒofڒourڒauditorխsڒreՒ portսڒWeڒareڒindependentڒofڒtheڒgroupڒentitiesڒinڒacՒ ڒandڒlawڒEuropeanڒofڒrequirementsڒtheڒwithڒcordance ڒhaveڒweڒandڒlawռڒprofessionalڒandڒcommercialڒGerman ڒresponsibilitiesڒprofessionalڒGermanڒotherڒourڒfulfilled ڒinڒadditionռڒInڒrequirementsսڒtheseڒwithڒaccordanceڒin ڒAuditڒEUڒtheڒofڒԼfԽڒpointڒԽ2Լڒ10ڒArticleڒwithڒaccordance

ԙ12 ڒ2021ڒReportڒAnnual ڒgroupڒmobilityڒallane

RegulationռڒweڒdeclareڒthatڒweڒhaveڒnotڒprovidedڒnonՒ auditڒservicesڒprohibitedڒunderڒArticleڒԕڒԼ1ԽڒofڒtheڒEUڒ AuditڒRegulationս Weڒbelieveڒthatڒtheڒauditڒevidenceڒweڒ ڒaڒprovideڒtoڒappropriateڒandڒsufficientڒisڒobtainedڒhave basisڒforڒourڒauditڒopinionsڒonڒtheڒconsolidatedڒfinanՒ ڒreportսڒmanagementڒgroupڒtheڒonڒandڒstatementsڒcial

ڒtheڒofڒAuditڒtheڒinڒMattersڒAuditڒKey ڒStatementsڒFinancialڒConsolidated

KeyڒauditڒmattersڒareڒthoseڒmattersڒthatռڒinڒourڒprofesՒ ڒauditڒourڒinڒsignificanceڒmostڒofڒwereڒjudgmentռڒsional ofڒtheڒconsolidatedڒfinancialڒstatementsڒforڒtheڒfinanՒ ڒTheseڒս2021ڒռ1ԓڒDecemberڒtoڒ1ڒJanuaryڒfromڒyearڒcial ڒofڒauditڒourڒofڒcontextڒtheڒinڒaddressedڒwereڒmatters ڒinڒandڒwholeռڒaڒasڒstatementsڒfinancialڒconsolidatedڒthe ڒaڒprovideڒnotڒdoڒweڒthereonփڒopinionڒauditڒourڒforming ڒmattersսڒtheseڒonڒopinionڒauditڒseparate

ڒauditڒourڒinڒsignificanceڒmostڒofڒmatterڒtheڒviewռڒourڒIn ڒfollowsրڒasڒwas

ڒassetsڒleaseڒofڒMeasurement ڒԽ1

ڒbeenڒhasڒmatterڒauditڒkeyڒthisڒofڒpresentationڒOur ڒfollowsրڒasڒstructured

• ڒissueڒandڒMatter ڒaԽ
• ڒfindingsڒandڒapproachڒAudit ڒbԽ
• ڒinformationڒfurtherڒtoڒReference ڒcԽ

ڒmatterրڒauditڒkeyڒtheڒpresentڒweڒHereinafter

• ڒassetsڒleaseڒofڒMeasurementڒԢԽ
• ڒAllaneڒofڒstatementsڒfinancialڒconsolidatedڒtheڒIn ڒaԽ ڒofڒٝԼԙԓսԓڒmillionڒԚԚԕսԔڒEURڒtoڒamountingڒassetsڒSEռ ڒծLeaseڒitemڒlineڒtheڒunderڒreportedڒareڒassetsڒtotal assetsծڒofڒtheڒbalanceڒsheetڒasڒofڒDecemberڒԓ1ռڒ 2021սڒLeaseڒassetsڒareڒcarriedڒatڒcostڒandڒdepreciՒ atedڒoverڒtheڒtermڒofڒtheڒleaseڒtoڒtheڒexpectedڒreՒ ڒexpectedڒTheڒleaseսڒtheڒofڒendڒtheڒatڒvalueڒsidual ڒexternalڒofڒbasisڒtheڒonڒcalculatedڒisڒvalueڒresidual marketڒvalueڒforecastsڒandڒtheڒCompanyխsڒownڒhisՒ toricalڒmarketingڒresultsսڒTheڒexpectedڒresidualڒvalՒ ڒtheڒIfڒbasisսڒongoingڒanڒonڒmonitoredڒareڒues ڒtestedڒisڒassetڒleaseڒtheڒdecreasesռڒvalueڒresidual ڒcalculatedڒisڒamountڒrecoverableڒaڒimpairmentռڒfor andռڒifڒnecessaryռڒtheڒassetڒisڒwrittenڒdownսڒWriteՒ

ڒEURڒtoڒamountingڒassetsڒleaseڒofڒrespectڒinڒdowns ڒonڒyearڒfinancialڒtheڒinڒrecognizedڒwereڒmillionڒսԘ0 ڒtheڒofڒmeasurementڒTheڒvaluationսڒthisڒofڒbasisڒthe ڒtheڒforڒsignificanceڒgreatڒofڒfirstlyռڒisռڒassetsڒlease ڒtheڒofڒperformanceڒfinancialڒandڒliabilitiesռڒassetsռ ڒinvolvesڒsecondlyռڒandռڒamountڒofڒtermsڒinڒCompany ڒofڒpartڒtheڒonڒjudgmentڒforڒscopeڒofڒdegreeڒhighڒa ڒandڒmodelsڒofڒuseڒtheڒsinceڒdirectorsռڒexecutiveڒthe ڒuncertaintyڒofڒdegreeڒhighڒaڒcreatesڒassumptions ڒmeasurementڒtheڒforڒrequiredڒestimatesڒtheڒtoڒdue ڒwasڒmatterڒthisڒbackgroundռڒthisڒAgainstڒexerciseս ڒauditսڒourڒduringڒsignificanceڒparticularڒof

• ڒofڒappropriatenessڒtheڒassessingڒincludedڒauditڒOur ڒbԽ ڒcontrolڒinternalڒCompanyխsڒtheڒwithinڒcontrolsڒthe systemڒestablishedڒtoڒtestڒleaseڒassetsڒforڒimpairՒ mentڒandڒtestedڒwhetherڒtheڒcontrolsڒfunctionedڒefՒ ڒtheڒconsideredڒweڒsoռڒdoingڒInڒfectivelyս organizationalڒstructuresڒandڒprocessesռڒtheڒITڒsysՒ ڒweڒFurthermoreռڒmodelսڒmeasurementڒtheڒandڒtems reviewedڒtheڒperformanceڒofڒandڒassessedڒtheڒapՒ ڒassessedڒWeڒtestsսڒimpairmentڒtheڒofڒpropriateness theڒparametersڒusedڒforڒtheڒimpairmentڒtestռڒincludՒ ڒensureڒtoڒresultsռڒmarketingڒtheڒforڒvaluesڒtheڒing ڒwithڒthemڒcomparedڒandڒdateڒtoڒupڒwereڒtheyڒthat ڒassessedڒandڒexpectationsռڒmarketڒsectorՒspecific theڒdocumentsڒandڒexplanationsڒprovidedڒbyڒtheڒexՒ ecutiveڒdirectorsڒinڒthisڒregardսڒWeڒcriticallyڒevaluՒ ڒtheڒbyڒmadeڒassumptionsڒtheڒassessedڒandڒated ڒlayڒtheyڒwhetherڒdetermineڒtoڒdirectorsڒexecutive withinڒaڒreasonableڒrangeսڒBasedڒonڒourڒauditڒproՒ ڒtheڒthatڒourselvesڒsatisfyڒtoڒableڒwereڒweڒceduresռ impairmentڒtestsڒperformedڒtoڒassessڒtheڒleaseڒasՒ setsڒwereڒcarriedڒoutڒappropriatelyڒandڒthatڒtheڒpaՒ ڒwithinڒareڒmadeڒassumptionsڒandڒusedڒrameters ڒrangeսڒreasonableڒaڒbeڒtoڒconsiderڒweڒwhat
• cԽڒ TheڒCompanyիsڒdisclosuresڒrelatingڒtoڒtheڒmeasureՒ ڒofڒ2ԓսڒsectionڒinڒcontainedڒareڒassetsڒleaseڒofڒment ڒstatementsսڒfinancialڒconsolidatedڒtheڒtoڒnotesڒthe

OtherڒInformation

TheڒexecutiveڒdirectorsڒareڒresponsibleڒforڒtheڒotherڒinՒ formationսڒTheڒotherڒinformationڒcomprisesڒtheڒstateՒ ڒHGBڒԙԚf2ڒׁڒtoڒpursuantڒgovernanceڒcorporateڒonڒment ڒHGBսڒԕd1ԓڒׁڒand

ڒremainingڒtheڒfurtherڒcomprisesڒinformationڒotherڒThe ڒcrossՒreferencesڒexcludingڒՔڒreportڒannualڒtheڒofڒparts ڒtheڒofڒexceptionڒtheڒwithڒՔڒinformationڒexternalڒto

Ԛ12 ڒ2021ڒReportڒAnnual ڒgroupڒmobilityڒallane

ڒauditedڒtheڒstatementsռڒfinancialڒconsolidatedڒaudited ڒreportսڒauditorիsڒourڒandڒreportڒmanagementڒgroup

OurڒauditڒopinionsڒonڒtheڒconsolidatedڒfinancialڒstateՒ ڒnotڒdoڒreportڒmanagementڒgroupڒtheڒonڒandڒments ڒdoڒweڒconsequentlyڒandڒinformationռڒotherڒtheڒcover notڒexpressڒanڒauditڒopinionڒorڒanyڒotherڒformڒofڒassurՒ ڒthereonսڒconclusionڒance

ڒtoڒisڒresponsibilityڒourڒauditռڒourڒwithڒconnectionڒIn ڒconsiderڒtoڒdoingռڒsoڒinڒandռڒinformationڒotherڒtheڒread ڒinformationڒotherڒtheڒwhether

• isڒmateriallyڒinconsistentڒwithڒtheڒconsolidatedڒfinanՒ ڒorڒreportڒmanagementڒgroupڒtheڒwithڒstatementsռڒcial ڒorڒauditռڒtheڒinڒobtainedڒknowledgeڒour
• ڒmisstatedսڒmateriallyڒbeڒtoڒappearsڒotherwise

ڒDirectorsڒExecutiveڒtheڒofڒResponsibilities ڒtheڒforڒBoardڒSupervisoryڒtheڒand ڒtheڒandڒStatementsڒFinancialڒConsolidated ڒReportڒManagementڒGroup

TheڒexecutiveڒdirectorsڒareڒresponsibleڒforڒtheڒpreparaՒ tionڒofڒtheڒconsolidatedڒfinancialڒstatementsڒthatڒcomՒ ڒbyڒadoptedڒasڒIFRSsڒwithڒrespectsռڒmaterialڒallڒinڒplyռ theڒEUڒandڒtheڒadditionalڒrequirementsڒofڒGermanڒcomՒ ڒtheڒthatڒandڒHGBڒ1ڒAbsսڒԕe1ԓڒׁڒtoڒpursuantڒlawڒmercial ڒwithڒcomplianceڒinڒstatementsռڒfinancialڒconsolidated theseڒrequirementsռڒgiveڒaڒtrueڒandڒfairڒviewڒofڒtheڒasՒ setsռڒliabilitiesռڒfinancialڒpositionռڒandڒfinancialڒperforՒ ڒdirectorsڒexecutiveڒtheڒadditionռڒInڒGroupսڒtheڒofڒmance ڒhaveڒtheyڒasڒcontrolڒinternalڒsuchڒforڒresponsibleڒare ڒofڒpreparationڒtheڒenableڒtoڒnecessaryڒdetermined ڒfromڒfreeڒareڒthatڒstatementsڒfinancialڒconsolidated ڒڒerrorսڒorڒfraudڒtoڒdueڒwhetherڒmisstatementռڒmaterial

ڒtheڒstatementsռڒfinancialڒconsolidatedڒtheڒpreparingڒIn ڒtheڒassessingڒforڒresponsibleڒareڒdirectorsڒexecutive ڒTheyڒconcernսڒgoingڒaڒasڒcontinueڒtoڒabilityڒGroupխs alsoڒhaveڒtheڒresponsibilityڒforڒdisclosingռڒasڒapplicaՒ ڒtheyڒadditionռڒInڒconcernսڒgoingڒtoڒrelatedڒmattersڒbleռ areڒresponsibleڒforڒfinancialڒreportingڒbasedڒonڒtheڒgoՒ ingڒconcernڒbasisڒofڒaccountingڒunlessڒthereڒisڒanڒinՒ ڒorڒoperationsռڒceaseڒtoڒorڒGroupڒtheڒliquidateڒtoڒtention thereڒisڒnoڒrealisticڒalternativeڒbutڒtoڒdoڒsoս

ڒforڒresponsibleڒareڒdirectorsڒexecutiveڒtheڒFurthermoreռ ڒthatռڒreportڒmanagementڒgroupڒtheڒofڒpreparationڒthe ڒGroupխsڒtheڒofڒviewڒappropriateڒanڒprovidesڒwholeռڒaڒas ڒwithڒconsistentڒrespectsռڒmaterialڒallڒinڒisռڒandڒposition ڒwithڒcompliesڒstatementsռڒfinancialڒconsolidatedڒthe ڒpresentsڒappropriatelyڒandڒrequirementsռڒlegalڒGerman ڒInڒdevelopmentսڒfutureڒofڒrisksڒandڒopportunitiesڒthe ڒforڒresponsibleڒareڒdirectorsڒexecutiveڒtheڒadditionռ ڒtheyڒasڒԼsystemsԽڒmeasuresڒandڒarrangementsڒsuch ڒofڒpreparationڒtheڒenableڒtoڒnecessaryڒconsideredڒhave ڒwithڒaccordanceڒinڒisڒthatڒreportڒmanagementڒgroupڒa ڒbeڒtoڒandڒrequirementsռڒlegalڒGermanڒapplicableڒthe ڒtheڒforڒevidenceڒappropriateڒsufficientڒprovideڒtoڒable ڒreportսڒmanagementڒgroupڒtheڒinڒassertions

ڒtheڒoverseeingڒforڒresponsibleڒisڒboardڒsupervisoryڒThe ڒpreparationڒtheڒforڒprocessڒreportingڒfinancialڒGroupխs ڒtheڒofڒandڒstatementsڒfinancialڒconsolidatedڒtheڒof ڒreportսڒmanagementڒgroup

ڒtheڒofڒAuditڒtheڒforڒResponsibilitiesڒAuditorխs ڒtheڒofڒandڒStatementsڒFinancialڒConsolidated ڒReportڒManagementڒGroup

ڒassuranceڒreasonableڒobtainڒtoڒareڒobjectivesڒOur ڒasڒstatementsڒfinancialڒconsolidatedڒtheڒwhetherڒabout ڒwhetherڒmisstatementռڒmaterialڒfromڒfreeڒareڒwholeڒa dueڒtoڒfraudڒorڒerrorռڒandڒwhetherڒtheڒgroupڒmanageՒ ڒofڒviewڒappropriateڒanڒprovidesڒwholeڒaڒasڒreportڒment theڒGroupխsڒpositionڒandռڒinڒallڒmaterialڒrespectsռڒisڒconՒ ڒandڒstatementsڒfinancialڒconsolidatedڒtheڒwithڒsistent ڒtheڒwithڒcompliesڒauditռڒtheڒinڒobtainedڒknowledgeڒthe ڒpresentsڒappropriatelyڒandڒrequirementsڒlegalڒGerman ڒasڒdevelopmentռڒfutureڒofڒrisksڒandڒopportunitiesڒthe wellڒasڒtoڒissueڒanڒauditorխsڒreportڒthatڒincludesڒourڒauՒ ڒstatementsڒfinancialڒconsolidatedڒtheڒonڒopinionsڒdit ڒreportսڒmanagementڒgroupڒtheڒonڒand

ڒbutڒassuranceռڒofڒlevelڒhighڒaڒisڒassuranceڒReasonable isڒnotڒaڒguaranteeڒthatڒanڒauditڒconductedڒinڒaccordՒ ڒinڒandڒRegulationڒAuditڒEUڒtheڒandڒHGBڒԘ1ԓڒׁڒwithڒance ڒStandardsڒAcceptedڒGenerallyڒGermanڒwithڒcompliance forڒFinancialڒStatementڒAuditsڒpromulgatedڒbyڒtheڒInՒ ڒaڒdetectڒalwaysڒwillڒԼIDWԽڒWirtschaftsprüferڒderڒstitut ڒfromڒariseڒcanڒMisstatementsڒmisstatementսڒmaterial ڒindividuallyڒifռڒmaterialڒconsideredڒareڒandڒerrorڒorڒfraud ڒexpectedڒbeڒreasonablyڒcouldڒtheyڒaggregateռڒtheڒinڒor ڒonڒtakenڒusersڒofڒdecisionsڒeconomicڒtheڒinfluenceڒto

ڒstatementsڒfinancialڒconsolidatedڒtheseڒofڒbasisڒthe ڒreportսڒmanagementڒgroupڒthisڒand

WeڒexerciseڒprofessionalڒjudgmentڒandڒmaintainڒproՒ ڒalsoրڒWeڒauditսڒtheڒthroughoutڒskepticismڒfessional

• ڒmisstatementڒmaterialڒofڒrisksڒtheڒassessڒandڒIdentify ڒtheڒofڒandڒstatementsڒfinancialڒconsolidatedڒtheڒof ڒorڒfraudڒtoڒdueڒwhetherڒreportռڒmanagementڒgroup errorռڒdesignڒandڒperformڒauditڒproceduresڒresponՒ ڒisڒthatڒevidenceڒauditڒobtainڒandڒrisksռڒthoseڒtoڒsive ڒourڒforڒbasisڒaڒprovideڒtoڒappropriateڒandڒsufficient ڒmaterialڒaڒdetectingڒnotڒofڒriskڒTheڒopinionsսڒaudit ڒforڒthanڒhigherڒisڒfraudڒfromڒresultingڒmisstatement oneڒresultingڒfromڒerrorռڒasڒfraudڒmayڒinvolveڒcolluՒ sionռڒforgeryռڒintentionalڒomissionsռڒmisrepresentaՒ ڒcontrolսڒinternalڒofڒoverrideڒtheڒorڒtionsռ
• ڒrelevantڒcontrolڒinternalڒofڒunderstandingڒanڒObtain ڒstatementsڒfinancialڒconsolidatedڒtheڒofڒauditڒtheڒto andڒofڒarrangementsڒandڒmeasuresڒԼsystemsԽڒreleՒ ڒinڒreportڒmanagementڒgroupڒtheڒofڒauditڒtheڒtoڒvant ڒappropriateڒareڒthatڒproceduresڒauditڒdesignڒtoڒorder inڒtheڒcircumstancesռڒbutڒnotڒforڒtheڒpurposeڒofڒexՒ ڒofڒeffectivenessڒtheڒonڒopinionڒauditڒanڒpressing ڒsystemsսڒthese
• ڒpoliciesڒaccountingڒofڒappropriatenessڒtheڒEvaluate usedڒbyڒtheڒexecutiveڒdirectorsڒandڒtheڒreasonableՒ ڒdirectorsڒexecutiveڒtheڒbyڒmadeڒestimatesڒofڒness ڒdisclosuresսڒrelatedڒand
• ConcludeڒonڒtheڒappropriatenessڒofڒtheڒexecutiveڒdiՒ ڒaccountingڒofڒbasisڒconcernڒgoingڒtheڒofڒuseڒrectorsխ ڒaڒwhetherڒobtainedռڒevidenceڒauditڒtheڒonڒbasedڒandռ materialڒuncertaintyڒexistsڒrelatedڒtoڒeventsڒorڒcondiՒ ڒGroupխsڒtheڒonڒdoubtڒsignificantڒcastڒmayڒthatڒtions ڒconcludeڒweڒIfڒconcernսڒgoingڒaڒasڒcontinueڒtoڒability ڒtoڒrequiredڒareڒweڒexistsռڒuncertaintyڒmaterialڒaڒthat ڒrelatedڒtheڒtoڒreportڒauditorխsڒtheڒinڒattentionڒdraw ڒstatementsڒfinancialڒconsolidatedڒtheڒinڒdisclosures andڒinڒtheڒgroupڒmanagementڒreportڒorռڒifڒsuchڒdisՒ closuresڒareڒinadequateռڒtoڒmodifyڒourڒrespectiveڒauՒ ڒauditڒtheڒonڒbasedڒareڒconclusionsڒOurڒopinionsսڒdit evidenceڒobtainedڒupڒtoڒtheڒdateڒofڒourڒauditorխsڒreՒ ڒcauseڒmayڒconditionsڒorڒeventsڒfutureڒHoweverռڒportս ڒgoingڒaڒasڒcontinueڒtoڒableڒbeڒtoڒceaseڒtoڒGroupڒthe ڒconcernս
• EvaluateڒtheڒoverallڒpresentationռڒstructureڒandڒconՒ ڒstatementsռڒfinancialڒconsolidatedڒtheڒofڒtent

includingڒtheڒdisclosuresռڒandڒwhetherڒtheڒconsoliՒ ڒunderlyingڒtheڒpresentڒstatementsڒfinancialڒdated transactionsڒandڒeventsڒinڒaڒmannerڒthatڒtheڒconsoliՒ ڒofڒviewڒfairڒandڒtrueڒaڒgiveڒstatementsڒfinancialڒdated ڒfinancialڒandڒpositionڒfinancialڒliabilitiesռڒassetsռڒthe ڒIFRSsڒwithڒcomplianceڒinڒGroupڒtheڒofڒperformance ڒrequirementsڒadditionalڒtheڒandڒEUڒtheڒbyڒadoptedڒas ڒ1ڒAbsսڒԕe1ԓڒׁڒtoڒpursuantڒlawڒcommercialڒGermanڒof ڒHGBս

• ObtainڒsufficientڒappropriateڒauditڒevidenceڒregardՒ ingڒtheڒfinancialڒinformationڒofڒtheڒentitiesڒorڒbusiՒ ڒauditڒexpressڒtoڒGroupڒtheڒwithinڒactivitiesڒness ڒandڒstatementsڒfinancialڒconsolidatedڒtheڒonڒopinions ڒresponsibleڒareڒWeڒreportսڒmanagementڒgroupڒtheڒon ڒtheڒofڒperformanceڒandڒsupervisionڒdirectionռڒtheڒfor groupڒauditսڒWeڒremainڒsolelyڒresponsibleڒforڒourڒauՒ ڒopinionsսڒdit
• ڒmanagementڒgroupڒtheڒofڒconsistencyڒtheڒEvaluate ڒitsڒstatementsռڒfinancialڒconsolidatedڒtheڒwithڒreport ڒtheڒofڒviewڒtheڒandڒlawռڒGermanڒwithڒconformity ڒprovidesսڒitڒpositionڒGroupխs
• PerformڒauditڒproceduresڒonڒtheڒprospectiveڒinforՒ ڒtheڒinڒdirectorsڒexecutiveڒtheڒbyڒpresentedڒmation ڒsufficientڒofڒbasisڒtheڒOnڒreportսڒmanagementڒgroup ڒparticularռڒinڒevaluateռڒweڒevidenceڒauditڒappropriate theڒsignificantڒassumptionsڒusedڒbyڒtheڒexecutiveڒdiՒ ڒandڒinformationڒprospectiveڒtheڒforڒbasisڒaڒasڒrectors evaluateڒtheڒproperڒderivationڒofڒtheڒprospectiveڒinՒ ڒexpressڒnotڒdoڒWeڒassumptionsսڒtheseڒfromڒformation aڒseparateڒauditڒopinionڒonڒtheڒprospectiveڒinforՒ ڒbasisսڒaڒasڒusedڒassumptionsڒtheڒonڒandڒmation ڒfutureڒthatڒriskڒunavoidableڒsubstantialڒaڒisڒThere eventsڒwillڒdifferڒmateriallyڒfromڒtheڒprospectiveڒinՒ ڒformationս

Weڒcommunicateڒwith thoseڒchargedڒwithڒgovernanceڒ ڒandڒscopeڒplannedڒtheڒmattersռڒotherڒamongڒregardingռ timingڒofڒtheڒauditڒandڒsignificantڒauditڒfindingsռڒincludՒ ڒthatڒcontrolڒinternalڒinڒdeficienciesڒsignificantڒanyڒing ڒauditսڒourڒduringڒidentifyڒwe

ڒaڒwithڒgovernanceڒwithڒchargedڒthoseڒprovideڒalsoڒWe statementڒthatڒweڒhaveڒcompliedڒwithڒtheڒrelevantڒinՒ ڒthemڒwithڒcommunicateڒandڒrequirementsռڒdependence ڒreasonablyڒmayڒthatڒmattersڒotherڒandڒrelationshipsڒall ڒwhereڒandڒindependenceռڒourڒonڒbearڒtoڒthoughtڒbe ڒsafeguardsսڒrelatedڒtheڒapplicableռ

ڒchargedڒthoseڒwithڒcommunicatedڒmattersڒtheڒFrom ڒthatڒmattersڒthoseڒdetermineڒweڒgovernanceռڒwith wereڒofڒmostڒsignificanceڒinڒtheڒauditڒofڒtheڒconsoliՒ ڒareڒandڒperiodڒcurrentڒtheڒofڒstatementsڒfinancialڒdated ڒtheseڒdescribeڒWeڒmattersսڒauditڒkeyڒtheڒtherefore ڒregulationڒorڒlawڒunlessڒreportڒauditorխsڒourڒinڒmatters ڒmatterսڒtheڒaboutڒdisclosureڒpublicڒprecludes

ڒrequirementsڒregulatoryڒandڒlegalڒOther

ڒԓbڒAbsսڒԘ1ԓڒׁڒwithڒAccordanceڒinڒReportڒAssurance HGBڒonڒtheڒElectronicڒReproductionڒofڒtheڒConsoliՒ ڒManagementڒGroupڒtheڒandڒStatementsڒFinancialڒdated ڒPurposesڒPublicationڒforڒPreparedڒReport

ڒConclusionڒAssuranceڒReasonable

WeڒhaveڒperformedڒanڒassuranceڒengagementڒinڒacՒ ڒreasonableڒobtainڒtoڒHGBڒԓbڒAbsսڒԘ1ԓڒׁڒwithڒcordance assuranceڒaboutڒwhetherڒtheڒreproductionڒofڒtheڒconՒ solidatedڒfinancialڒstatementsڒandڒtheڒgroupڒmanageՒ ڒdocumentsհԽڒկESEFڒtheڒԼhereinafterڒreportڒment containedڒinڒtheڒattachedڒelectronicڒfileڒկAlՒ lane֪SE֪KA֪LBՒ2021Ւ12Ւԓ1ՒDEսzipհڒandڒpreparedڒforڒ ڒrespectsڒmaterialڒallڒinڒcompliesڒpurposesڒpublication elecՒڒtheڒforڒHGBڒ1ڒAbsսڒԙ2ԓڒׁڒofڒrequirementsڒtheڒwith ڒaccordanceڒInڒformatհԽսڒԼկESEFڒformatڒreportingڒtronic withڒGermanڒlegalڒrequirementsռڒthisڒassuranceڒenՒ gagementڒonlyڒextendsڒtoڒtheڒconversionڒofڒtheڒinforՒ ڒfinancialڒconsolidatedڒtheڒinڒcontainedڒmation ڒtheڒintoڒreportڒmanagementڒgroupڒtheڒandڒstatements ESEFڒformatڒandڒthereforeڒrelatesڒneitherڒtoڒtheڒinforՒ ڒanyڒtoڒnorڒreproductionڒthisڒwithinڒcontainedڒmation ڒaboveՒmentionedڒtheڒinڒcontainedڒinformationڒother ڒfileսڒelectronic

InڒourڒopinionռڒtheڒreproductionڒofڒtheڒconsolidatedڒfiՒ ڒreportڒmanagementڒgroupڒtheڒandڒstatementsڒnancial ڒelectronicڒattachedڒaboveՒmentionedڒtheڒinڒcontained ڒinڒcompliesڒpurposesڒpublicationڒforڒpreparedڒandڒfile ڒԙ2ԓڒׁڒofڒrequirementsڒtheڒwithڒrespectsڒmaterialڒall ڒdoڒWeڒformatսڒreportingڒelectronicڒtheڒforڒHGBڒ1ڒAbsս ڒinڒcontainedڒinformationڒtheڒonڒopinionڒanyڒexpressڒnot thisڒreproductionڒnorڒonڒanyڒotherڒinformationڒconՒ ڒbeyondڒfileڒelectronicڒaboveՒmentionedڒtheڒinڒtained ڒauditڒourڒandڒconclusionڒassuranceڒreasonableڒthis ڒfinancialڒconsolidatedڒaccompanyingڒtheڒonڒopinion ڒmanagementڒgroupڒaccompanyingڒtheڒandڒstatements DecemՒڒtoڒ1ڒJanuaryڒfromڒyearڒfinancialڒtheڒforڒreport ڒofڒAuditڒtheڒonڒկReportڒtheڒinڒcontainedڒ2021ڒռ1ԓڒber

ڒtheڒonڒandڒStatementsڒFinancialڒConsolidatedڒthe ڒaboveսڒReportհڒManagementڒGroup

ڒAssuranceڒReasonableڒtheڒforڒBasis ڒConclusion

WeڒconductedڒourڒassuranceڒengagementڒonڒtheڒreՒ ڒandڒstatementsڒfinancialڒconsolidatedڒtheڒofڒproduction theڒgroupڒmanagementڒreportڒcontainedڒinڒtheڒaboveՒ ڒׁڒwithڒaccordanceڒinڒfileڒelectronicڒattachedڒmentioned ԓ1ԘڒAbsսڒԓbڒHGBڒandڒtheڒExposureڒDraftڒofڒIDWڒAssurՒ ڒԘ1ԓڒׁڒwithڒAccordanceڒinڒAssuranceڒStandardրڒance AbsսڒԓbڒHGBڒonڒtheڒElectronicڒReproductionڒofڒFinanՒ ڒforڒPreparedڒReportsڒManagementڒandڒStatementsڒcial PublicationڒPurposesڒԼEDڒIDWڒAsSڒԔ10ԽڒandڒtheڒInterՒ ڒ000ԓڒEngagementsڒAssuranceڒonڒStandardڒnational ڒfurtherڒareڒresponsibilitiesڒourڒAccordinglyռڒԼRevisedԽս ڒResponsibilitiesڒAuditorիsڒկGroupڒtheڒinڒbelowڒdescribed forڒtheڒAssuranceڒEngagementڒonڒtheڒESEFڒDocuՒ ڒIDWڒtheڒappliedڒhasڒfirmڒauditڒOurڒsectionսڒmentsհ ڒforڒRequirementsڒManagementրڒQualityڒonڒStandard ڒԽս1ڒQSڒԼIDWڒFirmڒAuditڒtheڒinڒManagementڒQuality

ڒDirectorsڒExecutiveڒtheڒofڒResponsibilities ڒESEFڒtheڒforڒBoardڒSupervisoryڒtheڒand ڒDocuments

ڒresponsibleڒareڒCompanyڒtheڒofڒdirectorsڒexecutiveڒThe ڒincludingڒdocumentsڒESEFڒtheڒofڒpreparationڒtheڒfor theڒelectronicڒreproductionڒofڒtheڒconsolidatedڒfinanՒ ڒinڒreportڒmanagementڒgroupڒtheڒandڒstatementsڒcial ڒforڒandڒڒHGBڒ1ڒNrսڒԔڒSatzڒ1ڒAbsսڒԙ2ԓڒׁڒwithڒaccordance ڒinڒstatementsڒfinancialڒconsolidatedڒtheڒofڒtaggingڒthe ڒڒս2ڒNrսڒԔڒSatzڒ1ڒAbsսڒԙ2ԓڒׁڒwithڒaccordance

ڒareڒCompanyڒtheڒofڒdirectorsڒexecutiveڒtheڒadditionռڒIn responsibleڒforڒsuchڒinternalڒcontrolڒasڒtheyڒhaveڒconՒ ڒESEFڒofڒpreparationڒtheڒenableڒtoڒnecessaryڒsidered ڒnonՒcomplianceڒmaterialڒfromڒfreeڒareڒthatڒdocuments elecՒڒtheڒforڒHGBڒ1ڒAbsսڒԙ2ԓڒׁڒofڒrequirementsڒtheڒwith ڒerrorսڒorڒfraudڒtoڒdueڒwhetherڒformatռڒreportingڒtronic

TheڒexecutiveڒdirectorsڒofڒtheڒCompanyڒareڒalsoڒreՒ ڒdocumentsڒESEFڒtheڒofڒsubmissionڒtheڒforڒsponsible togetherڒwithڒtheڒauditorխsڒreportڒandڒtheڒattachedڒauՒ ڒauditedڒandڒstatementsڒfinancialڒconsolidatedڒdited ڒdocumentsڒotherڒasڒwellڒasڒreportڒmanagementڒgroup ڒFederalڒGermanڒtheڒofڒoperatorڒtheڒtoڒpublishedڒbeڒto ڒԾBundesanzeigerՀսڒGazette

ڒtheڒoverseeingڒforڒresponsibleڒisڒboardڒsupervisoryڒThe preparationڒofڒtheڒESEFڒdocumentsڒasڒpartڒofڒtheڒfinanՒ ڒprocessսڒreportingڒcial

GroupڒAudi tor իsڒResponsibilitiesڒ forڒtheڒ ڒESEFڒtheڒonڒEngagementڒAssurance ڒDocuments

ڒaboutڒassuranceڒreasonableڒobtainڒtoڒisڒobjectiveڒOur ڒmaterialڒfromڒfreeڒareڒdocumentsڒESEFڒtheڒwhether ڒ1ڒAbsսڒԙ2ԓڒׁڒofڒrequirementsڒtheڒwithڒnonՒcompliance HGBռڒwhetherڒdueڒtoڒfraudڒorڒerrorսڒWeڒexerciseڒprofesՒ ڒskepticismڒprofessionalڒmaintainڒandڒjudgmentڒsional ڒalsoրڒWeڒengagementսڒassuranceڒtheڒthroughout

• IdentifyڒandڒassessڒtheڒrisksڒofڒmaterialڒnonՒcompliՒ ڒHGBռڒ1ڒAbsսڒԙ2ԓڒׁڒofڒrequirementsڒtheڒwithڒance whetherڒdueڒtoڒfraudڒorڒerrorռڒdesignڒandڒperformڒasՒ ڒandڒrisksռڒthoseڒtoڒresponsiveڒproceduresڒsurance obtainڒassuranceڒevidenceڒthatڒisڒsufficientڒandڒapՒ propriateڒtoڒprovideڒaڒbasisڒforڒourڒassuranceڒconcluՒ ڒsionս
• IdentifyڒandڒassessڒtheڒrisksڒofڒmaterialڒnonՒcompliՒ ڒHGBռڒ1ڒAbsսڒԙ2ԓڒׁڒofڒrequirementsڒtheڒwithڒance whetherڒdueڒtoڒfraudڒorڒerrorռڒdesignڒandڒperformڒasՒ ڒandڒrisksռڒthoseڒtoڒresponsiveڒproceduresڒsurance obtainڒassuranceڒevidenceڒthatڒisڒsufficientڒandڒapՒ propriateڒtoڒprovideڒaڒbasisڒforڒourڒassuranceڒconcluՒ ڒsionս
• EvaluateڒtheڒtechnicalڒvalidityڒofڒtheڒESEFڒdocuՒ ڒtheڒcontainingڒfileڒelectronicڒtheڒwhetherڒiսeսռڒmentsռ ESEFڒdocumentsڒmeetsڒtheڒrequirementsڒofڒtheڒDeleՒ gatedڒRegulationڒԼEUԽڒ201ԚՎԙ1ԕڒinڒtheڒversionڒappliՒ ڒtechnicalڒtheڒonڒdateڒsheetڒbalanceڒtheڒatڒasڒcable ڒfileսڒelectronicڒthisڒforڒspecification
• ڒaڒenablesڒdocumentsڒESEFڒtheڒwhetherڒEvaluate ڒtheڒtoڒequivalentڒcontentڒwithڒreproductionڒXHTML ڒtheڒtoڒandڒstatementsڒfinancialڒconsolidatedڒaudited ڒreportսڒmanagementڒgroupڒaudited

ڒdocumentsڒESEFڒtheڒofڒtaggingڒtheڒwhetherڒEvaluate withڒInlineڒXBRLڒtechnologyڒԼiXBRLԽڒenablesڒanڒapՒ ڒcopyڒXBRLڒmachineՒreadableڒcompleteڒandڒpropriate ڒreproductionսڒXHTMLڒtheڒof

ڒofڒԢԡڒArticleڒtoڒpursuantڒInformationڒFurther ڒRegulationڒAuditڒEUڒthe

ڒgeneralڒannualڒtheڒbyڒauditorڒgroupڒasڒelectedڒwereڒWe meetingڒonڒJuneڒ2Ԛռڒ2021սڒWeڒwereڒengagedڒbyڒtheڒsuՒ ڒbeenڒhaveڒWeڒս2021ڒԓռ2ڒDecemberڒonڒboardڒpervisory theڒgroupڒauditorڒofڒAllaneڒSEռڒPullachռڒwithoutڒinterՒ ڒս2020ڒyearڒfinancialڒtheڒsinceڒruption

WeڒdeclareڒthatڒtheڒauditڒopinionsڒexpressedڒinڒthisڒauՒ ڒreportڒadditionalڒtheڒwithڒconsistentڒareڒreportڒditorիs ڒEUڒtheڒofڒ11ڒArticleڒtoڒpursuantڒcommitteeڒauditڒtheڒto ڒreportԽսڒauditڒԼlongՒformڒRegulationڒAudit

ڒFORڒRESPONSIBLEڒAUDITORڒPUBLICڒGERMAN ڒENGAGEMENTڒTHE

TheڒGermanڒPublicڒAuditorڒresponsibleڒforڒtheڒengageՒ ڒHennebergerսկڒMichaelڒisڒment

ڒ2022ڒAprilڒԔս1ڒtheڒMunichռ

PricewaterhouseCoopersڒGmbH

ڒWirtschaftsprüfungsgesellschaft

ڒ ڒ

ڒRiedlڒSabrina ڒڒHennebergerڒMichael ڒWirtschaftsprüferin ڒWirtschaftsprüfer

DսԓڒՔڒBalanceڒsheet

ڒԼHGBՎRechKredVԽڒ2021ڒDecemberڒ1ԓڒatڒasڒPullachռڒSEռڒAllaneڒof

ڒAssets

			ڒDecօڒԤԢ	ڒDecօڒԤԢ
in	ڒthouօڒEURڒ		ԣԡԣԢ	ԣԡԣԡ
ڒԢօ	Receivables fromڒ ڒbanksڒ
ڒڒ ڒ	ڒڒdailyڒDueڒڒڒ	ԧ Ԣ Ԧ		Ԣԣԥ
ڒ ڒ			Ԧ ԧ Ԣ	Ԣԣԥ
ԣօڒ	Receivablesڒfromڒcustomersڒ		Ԥԩքԩԡԩ	ԥԦքԥԩԦ
Ԥօڒ	Shareholdingsڒinڒaffiliatedڒcompaniesڒ		ԤԤԧ	ԤԤԧ
ԥօڒ	Leaseڒassetsڒ		Ԫԩ ԥքԧԤԪ	ԢքԡԡԦքԥԨԣ
ڒօԦ	Intangible ڒassetsڒ
ڒ	aԽڒProprietaryڒintellectualڒpropertyڒrightsڒandڒsimilarڒrightsڒandڒassetsڒ	ԢԩքԣԣԢ		ԢԩքԥԨԥ
bԽ ڒ	ڒPurchasedڒ concessionsք intellectualڒ propertyڒ rightsڒ similarڒandڒ rightsڒ ڒڒassetsڒandڒ
ڒ ڒ	asڒwellڒasڒlicensesڒrelatingڒtoڒsuchڒrightsڒandڒassetsڒ	Ԧ քԪԤԣ		ԣԣԢ
ڒ	cԽڒGoodwillڒ	Ԣքԧԩԣ		Ԣքԩԩԡ
ڒ ڒ			ԣԦքԩԤԦ	ԣԡքԦԨԦ
ԧօڒ	Equipmentڒ		ԧ քԦԢԡ	ԤքԣԡԨ
Ԩօڒ	Otherڒassetsڒ		ԣԥԡքԢԥԩ	ԣԧԧքԨԪԤ
ԩօڒ	Prepaidڒexpensesڒ		ԥքԥԨԡ	ԦքԣԪԩ
ڒڒ ڒ ڒ		ڒ	ԢքԣԢԢքԣԧԣ	ԢքԤԥԨքԣԩԪ

ڒliabilitiesڒandڒEquity

in ڒthouօڒEURڒ	ڒDecօڒԤԢ ԣԡԣԢ	ڒDecօڒԤԢ ԣԡԣԡ
ڒԢօ Liabilities ڒbanksڒtoڒ
ڒ aԽڒDailyڒdueڒ ԣքԡԨԣ		ԣքԥԥԥ
ڒ withڒagreedڒtermڒorڒnoticeڒperiodڒ ԢԣԡքԦԩԪ		ԢԧԨքԦԪԡ
ڒ ڒ	ԢԣԣքԧԧԢ	ԢԨԡքԡԤԥ
ڒԣօ Liabilities ڒtoڒ customers ڒ
other ڒ ڒliabilitiesڒ ڒ
ڒ aԽڒDailyڒdueڒ ԢքԨԨԧ		ԢքԩԩԤ
ڒ bԽڒwithڒagreedڒtermڒorڒnoticeڒperiodڒ ԥքԢԨԪ		ԤքԩԤԤ
ڒ ڒ	Ԧ քԪԦԦ	ԦքԨԢԧ
ڒԤօ Securitised ڒ ڒliabilities
ڒ ڒissuedڒBondsڒ ڒ ڒ ڒ	ԣԥԪքԪԩԡ	ԣԥԪքԪԩԡ
ԥօڒ Otherڒliabilitiesڒ	ԦԦ ԡքԤԩԩ	ԧԥԦքԥԦԥ
Ԧօڒ Deferredڒincomeڒ	ԣԦքԩԢԥ	ԣԪքԣԧԦ
ԧօڒ Deferredڒtaxڒliabilitiesڒ	Ԥԣքԣԧԡ	ԤԦքԥԣԪ
ڒօԨ Provisions ڒ
ڒ aԽڒTaxڒprovisionڒ ԢքԨԢԦ		ԪԨԣ
ڒ bԽڒOtherڒprovisionsڒ ԣԩքԩԣԢ		ԢԩքԪԧԡ
ڒڒ ڒ	ԤԡքԦԤԧ	ԢԪքԪԤԣ
ԩ ڒEquity ڒօ
ڒ aԽڒSubscribedڒcapitalڒ ԣԡքԧԢԣ		ԣԡքԧԢԣ
ڒ bԽڒCapitalڒreserveڒ ԢԤԪքԡԧԩ		ԢԤԪքԡԧԩ
ڒ RetainedڒcԽ ڒearningsڒ ڒ
ڒ Otherڒretainedڒearningsڒ ԢԡքԪԣԤ		Ԫքԧԣԣ
ڒ dԽڒUnappropriatedڒprofitڒ ԣԤքԡԧԧ		ԣԣքԢԨԩ
ڒ ڒ	ԢԪԤքԧԧԩ	ԢԪԢքԥԩԡ
ڒڒ ڒ ڒ ڒ	ԢքԣԢԢքԣԧԣ	ԢքԤԥԨքԣԩԪ

DսԔڒՔڒIncomeڒstatement

ڒԼHGBՎRechKredVԽڒ2021ڒDecemberڒ1ԓڒtoڒJanuaryڒ1ڒfromڒperiodڒtheڒforڒPullachռڒSEռڒAllaneڒof

ڒڒ inڒEURڒthouօڒ			ԣԡԣԢ	ԣԡԣԡ
ڒڒ ԢօڒLeasingڒrevenueڒ	ڒ ڒ	ԨԦ ԥքԥԪԤ		ԦԩԧքԤԩԨ
ԣօڒLeasingڒexpensesڒ	ڒ	ԤԦԡքԥԣԣ		ԤԦԣքԨԡԢ
ڒ ڒ			ԣԣԥքԡԨԡ	ԣԤԤքԧԩԧ
ڒڒ ԤօڒInterestڒincomeڒfromڒlendingڒandڒmoneyՒmarketڒtransactionsڒ	ڒ ڒ	ԥքԨԧԪ		ԥքԧԥԩ
ԥօڒInterestڒexpenseڒ	ڒ	Ԫ քԧԡԣ		ԢԤքԦԡԤ
ڒ ڒ			– ԥքԩԤԥ	–ԩքԩԦԦ
ڒڒ ԦօڒIncomeڒfromڒprofitڒpoolingڒandڒfromڒpartialڒorڒfullڒprofitڒtransferڒagreementsڒ	ڒ ڒ		ԤԢԡ	ԣքԢԨԣ
ԧօڒCommissionڒincomeڒ	ڒ		ԢքԢԤԡ	ԢքԢԢԧ
ԨօڒOtherڒoperatingڒincomeڒ	ڒ		Ԫ քԦԤԧ	ԢԢքԤԩԩ
Generalڒօԩ operatingڒ ڒexpensesڒ	ڒ
ڒ PersonnelڒaԽ ڒexpensesڒ	ڒ
ڒ aaԽڒWagesڒandڒsalariesڒ	ԣԪքԨԨԤ			ԣԤքԩԨԩ
SocialڒabԽ ڒ ڒsecurityڒ contributionsք pensionڒ expensesڒ otherڒandڒ employeeڒ ڒbenefitsڒ
ڒ ڒڒڒڒڒڒthereofڒpensionڒexpensesֆڒEURڒՒڒthouօڒԼԣԡԣԡֆڒEURڒՒڒthouօԽڒ	ԥքԦԤԧ			ԤքԤԩԣ
ڒ ڒ		ԤԥքԤԡԪ		ԣԨքԣԧԡ
ڒ bԽڒOtherڒadministrativeڒexpensesڒ	ڒ	ԥԤքԧԣԨ		ԤԢքԩԣԣ
ڒ ڒ			ԨԨ քԪԤԧ	ԦԪքԡԩԤ
ڒօԪ Depreciation andڒ valuationڒ ڒallowancesڒ	ڒ
ڒ aԽڒOnڒleaseڒassetsڒ	ڒ	ԢԥԡքԧԤԢ		ԢԧԩքԣԤԥ
OnڒbԽ ڒ intangibleڒ assetsڒ fixedڒandڒ ڒassetsڒ		ԧڒ ԦԧԦ ք		ԣքԡԢԤ
ڒ ڒ			ԢԥԨքԢԪԧ	ԢԨԡքԣԥԨ
Ԣԡօڒ Otherڒoperatingڒexpensesڒ	ڒ		ԤԧԪ	ԥԡԡ
ڒԢԢօ WriteՒdowns andڒ valuationڒ allowancesڒ onڒ receivablesڒ certainڒandڒ securitiesڒ ڒڒandڒ
ڒ allocationsڒtoڒprovisionsڒinڒlendingڒbusinessڒ	ڒ	ԥքԪԤԩ		ԥքԨԦԨ
ڒԢԣօ fromڒIncome writeՒupsڒ onڒ receivablesڒ certainڒandڒ securitiesڒ andڒ theڒfromڒ ڒڒofڒreleaseڒ
ڒ provisionsڒinڒtheڒlendingڒbusinessڒ	ڒ	ԢքԨԦԪ		ԢքԢԦԤ
ڒ ڒ			-ԤքԢԨԪ	-Ԥքԧԡԥ
ԢԤօڒResultڒfromڒordinaryڒactivitiesڒ			ԢքԦԤԤ	ԧքԢԨԣ
Ԣԥօڒ Taxesڒonڒincomeڒ	ڒ		ՔԢքԡԧԩ	ԦքԤԦԧ
ԢԦօڒNetڒincomeڒ			ԣքԧԡԢ	ԩԢԧ
Ԣԧօڒ Retainedڒprofitڒbroughtڒforwardڒ	ڒ		ԣԢքԨԧԦ	ԣԢքԨԨԡ
ԢԨօڒ Transfersڒtoڒotherڒretainedڒearningsڒ	ڒ		ՔԢքԤԡԡ	Քԥԡԩ
ڒڒ ԢԩօڒUnappropriatedڒprofitڒ	ڒ		ԣԤքԡԧԧ	ԣԣքԢԨԩ

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Financial calendarڒ ofڒ ڒSEڒAllaneڒ
PublicationڒofڒtheڒAnnualڒReportڒԣԡԣԢڒ	ԣԪڒAprilڒԣԡԣԣ
PublicationڒofڒtheڒquarterlyڒstatementڒasڒatڒԤԢڒMarchڒԣԡԣԣڒ	ԢԢڒMayڒԣԡԣԣ
AnnualڒGeneralڒMeetingڒforڒfinancialڒyearڒԣԡԣԣڒinڒMunichڒ	ԣԪڒJuneڒԣԡԣԣ
PublicationڒofڒtheڒhalfՒyearڒfinancialڒreportڒasڒatڒԤԡڒJuneڒԣԡԣԣڒ	ԣԥڒAugustڒԣԡԣԣ
Publication theڒofڒ quarterlyڒ statementڒ Ԥԡڒatڒasڒ Septemberڒ ڒԣԡԣԣڒ	NovemberڒԪ ԣԡԣԣڒ

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