Autodoc SE

Investor Presentation • Sep 16, 2025

Driving the digitalisation of the auto aftermarket

Table of contents

AUTODOC at a glance A unique and highly compelling story

The largest digital pure play platform in the European auto aftermarket¹

Source: Company information. Notes: Figures not adding up to 100% due to rounding. 1 Based on Speed4Trade 2024 Market Report. 2 As of Dec 2024. 3 Adjusted for expenses for long term compensation/share-based payments and other extraordinary and/or non-operating expenses. 4 An active customer is defined as a B2C or B2B customer with at least one order within the financial year 2024. 5 Avg. headcount for 2024. 6 Includes Denmark, Finland, Norway and Sweden. 7 Rest of Europe includes Austria, Switzerland, United Kingdom, Greece, Bulgaria, Romania, Hungary, Slovakia, Slovenia, Czech Republic, Poland, Lithuania, Latvia, Estonia, Luxembourg, Netherlands, Belgium and Ireland.

AUTODOC has successfully built a two-sided digital platform that is creating value for all market participants

Source: Company information.

Notes: 1 Suppliers referring to 3rd party brand product suppliers. 2 An active customer is defined as a B2C or B2B customer with at least one order within the financial year 2024.

Since its foundation, AUTODOC has been constantly driving the digital transformation of the automotive aftermarket…

Source: Company information.

Note: 1 Adjusted for any non-cash relevant expenses for share-based payments and for non-recurring and/or one-off items in line with market standard.

…in a massive, inefficient and largely still analogue market…

Sources: Third party / Company analysis. Notes: 1 European independent parts automotive aftermarket (2025). 2 Includes Accessories & Lifestyle eCommerce. 3 B2C refers to end-customers. B2B includes but not limited to, workshops, fleet operators with workshops & independent mechanics. 4 Refers to share of eCommerce within B2C and B2B segments within total European Independent Aftermarket. 5 Car parc data referring to passenger cars and light commercial vehicles. 6 UX refers to User Experience.

…and is outperforming its competition

Sources: Company websites, public fillings, and press releases.

Notes: 1 Kfzteile24 and Oscaro revenues refer to latest available figures (2022). Both figures rounded. 2 Company analysis based on Speed4Trade 2024 Market Report, compared to select competitors.

How attracts and retains loyal customers

Source: Company information.

Note: 1 Cumulative total customer base; a customer is defined as a unique registered account with at least one purchase made during the period from 2008 to 2024 (inclusive).

Vast product assortment of non-discretionary products…

Source: Company information.

Notes: 1 Product Sales defined as Sales Revenue before refunds, shipping fees, etc. 2 Others include Engine Cooling & Heating System, Crash Parts, Lighting, others. 3 OEMs refers to Original Equipment Manufacturer.

…and competitive pricing…

…made available through a seamless, customer-centric experience…

Leading mobile app User friendly search functionality

Source: Company information.

Notes: 1 Since launch until Dec 2024. 2 Average order value ("AOV") compared to desktop and mobile webstores as well as marketplaces. 3 Within the financial year 2024.

…Supported by highly engaged community Source: Company information. Notes: Data as of November 2024. 2.6m Followers 693m Impressions 2.1m Followers 1,000m Impressions 1.1m Followers 1,300m Impressions >4k Repair tutorials on >20k Car repair guides on

Unrivalled modular platform concept driving efficiency and scale

Source: Company information.

Note: 1 Five of which are distribution centers, one return center and two replenishment centers.

Disrupting the traditional B2B distribution channel

Source: Company information.

Notes: 1 An active B2B customer is defined as a customer with at least one purchase in the last 30 days. 2 Before official introduction of AUTODOC PRO in Nov 2022 there were already some garage customers (which would now be categorized as B2B customer) that bought from the AUTODOC B2C shop. 3 Data as of 31 Jan 2025. 4 Data as of Oct 2022.

The future of AUTODOC's B2B solution: built on three pillars

All operations backed by tech-driven platform

…backed by a team of >900 FTEs diversified across technology

Large proprietary auto aftermarket digital platform with personalisation, algorithmic pricing and automated supply chains…

Source: Company information. Note: Data as of Dec 2024.

Fast growth, while highly profitable and cash generative

Notes: 1 Calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA. Capex is defined as purchase of property, plant and equipment and purchase of intangibles. 2 Net Interest-Bearing Debt: Defined as the sum of lease liabilities and interest-bearing financial liabilities less cash and cash equivalents.

Highly attractive financial profile with track record of profitable growth

Source: Company information.

Notes: 1 CAGR between 2019 - 2024. 2 Adjusted for expenses for long term compensation/share-based payments and other extraordinary and/or non-operating expenses. 3 Defined as (Adj. EBITDA less capex) / Adj. EBITDA.

H1 2025 key business and financial highlights

Continued growth in 2025 with H1 sales revenue growth of +18.5% YoY

Ongoing strong momentum in the B2C segment growing +13.9% YoY supported by marketplace roll-out

B2B ramp-up continuing at a fast pace with strong YoY growth in France and expansion into new geographies: Germany, Austria, Portugal, Spain, Italy as well as Belgium, the Netherlands and Luxembourg

Industry-leading operating profitability maintained with 12.5% YoY growth in Adj. EBITDA and a 9.1% margin

Financial efficiency demonstrated by strong FCF³ generation of €71.3m with a 53% cash conversion² , underpinned by a robust liquidity

€490m

H1 2025 Sales revenue

13.9%

B2C H1 2025 sales revenue growth YoY

12.5%

YoY growth H1 2025 Adj. EBITDA¹

17.9m

LTM H1 2025 total orders

18.5%

H1 2025 sales revenue growth YoY

144.0%

B2B H1 2025 sales revenue growth YoY

53%

H1 2025 cash conversion²

8.8m

LTM H1 2025 total active customers

Source: Company information.

Note: 1 Adjusted for expenses for long term compensation/share-based payments and other extraordinary and/or non-operating expenses. 2. Calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA. Capex is defined as purchase of property, plant and equipment and purchase of intangibles. 3 Free Cash Flow defined as cash flow from operating activities plus cash flow from investing activities as reported in the consolidated cash flow statement.

Continuous profitable growth path ahead and investments in business to drive profitability

One of a kind financial profile – absolutely unique in Europe

600

Source: FactSet as of Apr 2025.

Notes: Excluding Financial Services and Real Estate Companies. CAGR refers to the 2022-24 period. 1 Market cap between €3.0bn and €10.0bn. 2 Calculated as latest available Full Year Net Debt / Adj. EBITDA 2024. 3 Calculated as (Adj. EBITDA – Capex) / Adj. EBITDA 2024.

Experienced management team with entrepreneurial DNA

Backed by founder-led supervisory board & tier 1 financial sponsor

Source: Company information.

Notes: Part of dedicated ESG Team/Committee with senior accountability. CPO = Chief People Officer. 1 Manfred Puffer was replaced by Ulrike Handel prior to the envisioned IPO

AUTODOC: A Unique and Highly Compelling Story

2

#1 Digital pure play platform for automotive parts in Europe

Turbocharging the digitalisation of a ~€109bn market¹

3

Broad product & brand offering supported by a seamless customer-first mobile experience

Built on proprietary data and tech-driven platform

4

Ideally positioned to capture the digitalisation of the large B2B segment

Highly attractive financial profile with consistent track record of profitable growth

Source: Third party / Company analysis. Note: 1 European independent parts automotive aftermarket (2025); includes accessories & lifestyle eCommerce.

STRICTLY PRIVATE & CONFIDENTIAL

Strategy and operational update

Q2 2025

B2B rollout in Germany, the Netherlands, Italy, Belgium and Austria

Proven concept rolled out step by step

Key advantages for the customer

• With the support of service agents, AUTODOC will continue to adjust to local markets and adapt its B2B Solution to the needs of garages across Europe
• Cost savings on scheduled repairs for garages, returns handling, on-site support, provisioning of IT services if needed
• In total, nearly 26,900 garages connected with service levels as demanded by the customers

Opening of warehouse in Ghent, Belgium

Supporting further growth in continental Europe

Distribution centre 15,000 sqm

Launched in March 2025

When fully ramped up

14,000 daily orders 150,000 SKUs (stock keeping unit) Evening cut-off for next day Delivery focused on FR B2B

Strategic location of the site supports our growing B2B footprint in France by ensuring availability of key products and enabling same-day dispatch for qualifying orders

Launch and further rollout MARKETPLACE

Operational focus on executing our strategy – 180 partners, ~400k additional SKUs, ~€1.2m GMV

All further performance indicators improved

Indicators across revenue and profitability are on the upswing

• Increase was supported by higher order frequency, i.e., more orders placed per active customer, as well as a higher number of active customers

• Growth driven by a combination of good customer retention and successful customer acquisition
• Immediate assessment of these measures leads to targeted investments in the product range and for online marketing
• Stable returns rate indicates high level of customer satisfaction

• Average order value increased due to higher average sales prices and over proportional growth of wheels and tires

Financial update

Q2 2025

Sales revenue increased by 16.0% to €462.3m

Gross profit rose by 17.6% to €199.0m and thereby faster than sales revenue, gross profit margin rose to 43.0% (+60bps)

Adj. EBITDA continued to grow by 8.1% to €46.9m, adj. EBITDA margin at 10.2%, impacted by preparation work for future growth

Q2

Strong free cash flow* generation of €82.8m

Cash position strengthened further despite dividend payment of €59.5m, cash stood at €136.2m (+26.2%)

Guidance for 2025 confirmed

Unlevered Free cash flow, i.e., cash flow from operating activities and cash flow from investing activities.

Revenue with ongoing growth trajectory

Strong growth contribution from B2B while supply chain constraints still weigh on profitability

Q2

Sales revenue by region

Q2 France and Germany remain largest markets, Spain/Portugal with best performance

€m	Q2 2025	Q2 2024	Δ in %
France	137.6	111.7	23.2%
Germany	114.5	99.4	15.1%
Scandinavia	48.0	46.0	4.5%
Spain/Portugal	35.7	27.9	27.8%
Italy	26.0	23.4	11.5%
Rest of Europe	100.5	90.1	11.5%
Total	462.3	398.5	16.0%

France and Spain/Portugal with over-proportionate growth

Strong growth on Group level

Mainly driven by increase in number of orders and order frequency, price increases with low impact

• Sales revenue grew strongly driven by higher number of orders and increased order frequency, customer retention remains on pleasing level, returns rate continues to be low at 8.4%
• Gross profit increased on the back of sales revenue growth with increased gross profit margin due to enhanced purchase price conditions with suppliers and permanent optimisation of pricing
• Adj. EBITDA decreased due to overproportioned increase of S&D driven by the roll-out of B2B and build up of services agents as well as the ramp-up costs in Belgium and admin staff while marketing costs grew less than sales revenue and gross profit
• Adjusted EBITDA margin decreased to 10.2% (Q2 2024: 10.9%)

Continued growth in B2C

Growth driven by more customers and higher order values

• Sales revenue increased strongly based on more customers and higher order values
• Gross profit grew faster than sales revenue due to an under-proportionate COGS growth from optimised pricing leading to improved gross profit margin of 43.4% (Q2 2024: 42.6%)
• Adjusted EBITDA grew in line with sales revenue despite higher distribution expenses driven by higher number of blue-collar workers, stable administrative expenses
• NR&R mainly influenced by strategic projects
• Adjusted EBITDA margin remained stable at 11.7% (Q2 2024: 11.7%)

Commentary	P&L
	in €m	Q2 2025	Q2 2024	Δ in %
	Sales revenue	428.5	383.3	11.8%
	Cost of sales	-242.6	-220.0	10.3%
	Gross profit	185.9	163.3	13.8%
	Distribution expenses Administrative expenses Other operating income/expenses	-108.3 -28.3 0.7	-89.6 -28.9 0.1	20.8% -2.4% 389.5%
	Operating result	50.1	44.9	11.5%
	Depreciation	9.8	7.2	35.6%
	EBITDA	38.3	33.6	14.0%
	NR&R	11.8	11.3	4.0%
	EBITDA Adjusted	50.1	44.9	11.5%

Accelerated growth in B2B

Growth driven by further roll-out

• Sales revenue mainly driven by ongoing growth in France as well as roll-out to Germany, the Netherlands, Italy, Belgium and Austria
• Gross profit grew slightly faster than sales revenue as COGS increased at a slower pace due to optimised pricing, leading to a slightly improved gross profit margin of 38.6% (Q2 2024: 38.3%)
• Distribution expenses increased stronger than sales revenue due to higher fulfilment expenses in connection with packaging cost and personnel expenses
• Administrative expenses went up due to higher personnel expenses
• NR&R comprised strategic projects
• Negative adjusted EBITDA increased under proportional to sales revenue growth
• Adjusted EBITDA margin improved to -9.2% (Q2 2024: -9.7%)

Commentary	Key Financials
	in €m Sales revenue	Q2 2025 33.8	Q2 2024 15.2	Δ in % 122.8%
	Cost of sales	-20.7	-9.4	121.7%
	Gross profit	13.0	5.8	124.4%
	Distribution expenses	-13.8	-6.1	126.0%
	Administrative expenses	-2.5	-1.2	107.0%
	Other operating income/expenses	0.1	0.0	1807.4%
	Operating result	-3.1	-1.5	111.3%
	Depreciation	1.5	0.9	75.3%
	EBITDA	-5.7	-1.9	196.8%
	NR&R	2.6	0.4	483.8%
	EBITDA Adjusted	-3.1	-1.5	111.3%

Group P&L (IFRS)

Further details

Commentary

• Rise in distribution expenses partially driven by:
  • Higher personnel costs as the number of employees increased to support B2B roll-out
  • Increased fulfilment costs due to higher shipment costs and ramp-up of Belgian warehouse
• Rise in administrative expenses due to increase of workforce for growth strategy
• Number of employees increased by 15.3% to 5,575 (Q2 2024: 4,835)
• Operating results margin therefore reduced by 1.3pps to 4.6% (Q2 2024: 5.9%)
• Financial result remains low due to nearly debt-free balance sheet
• Net profit continued to grow

in €m	Q2 2025	Q2 2024	Δ in %
Sales revenue	462.3	398.5	16.0%
Cost of sales	-263.3	-229.3	14.8%
Gross profit	199.0	169.1	17.6%
Distribution expenses Administrative expenses Other operating income/expenses	-127.9 -51.1 1.4	-103.5 -42.2 0.1	23.6% 21.2% 881.9%
Operating result	21.3	23.6	-9.6%
Finance income Finance costs	0.2 -1.3	0.8 -1.6	-77.1% -16.1%
Financial result Income before tax	-1.1 20.2	-0.8 22.8	45.6% -11.5%
Income tax	-6.7	-10.6	-36.9%
Consolidated profit (loss) for the period	13.5	12.2	10.7%

Working capital and capex

Temporarily elevated capex level due to warehouse automation in Czech

Working capital
€m	30.06.2025	31.12.2024
Inventories and advance payments	105.3	106.4
+ Trade receivables	0.8	0.6
- Trade payables	131.6	114.2
Working capital	-25.5	-7.2

• Inventories and advance payments decreased by -1.1% despite increase in revenue and stocking of new warehouse in Belgium
• Trade payables increased by 15.2% due to differing payment terms for private label and third-party brands

• Large part of capex spent for Czech warehouse (€9.8m)
• Maintenance capex remains at ~1% of revenue

Cash flow bridge

Sustained robust liquidity

Ongoing growth path Outlook

Appendix

Adjustments to EBITDA Q2

Q2

Commentary

• Expense for long-term compensation relates to share-based payment agreements between employees of AUTODOC Group and AutoTech
• Other extraordinary and/or non-operating expenses occurred for the new warehouse in Belgium and the automation project in Czech

in €m	Q2 2025	Q2 2024	Δ in %
Consolidated profit (loss) for the financial period	13.5	12.2	10.7%
Income tax	6.7	10.6	-36.9%
Depreciation, amortisation and impairment	11.4	8.1	40.9%
Financial result	1.1	0.8	45.6%
Earnings before financial results, taxes, depreciation and amortisation (EBITDA)	32.7	31.7	3.3%
Expense for long-term compensation	8.2	11.2	-26.6%
Other extraordinary and/or non-operating expenses	6.0	0.6	949.6%
Adjusted EBITDA	46.9	43.4	8.1%

Adjustments to EBITDA H1

H1

Commentary

• Expense for long-term compensation relates to share-based payment agreements between employees of AUTODOC Group and AutoTech
• Other extraordinary and/or non-operating expenses occurred for the new warehouse in Belgium and the automation project in Czech

in €m	H1 2025	H1 2024	Δ in %
Consolidated profit (loss) for the financial period	24.4	16.9	44.3%
Income tax	14.0	14.8	-5.2%
Depreciation, amortisation and impairment	17.1	13.3	28.8%
Financial result	2.2	2.0	11.3%
Earnings before financial results, taxes, depreciation and amortisation (EBITDA)	57.7	46.9	23.0%
Expense for long-term compensation	16.3	22.3	-27.2%
Other extraordinary and/or non-operating expenses	6.9	2.7	161.6%
Adjusted EBITDA	80.9	71.9	12.5%

Revenue with ongoing growth trajectory

Strong growth contribution from B2B H1

Commentary

• Sales revenue growth driven by +13.3% order growth, +4.6% AOV growth & +0.6% mixed effect
• Slower COGS increase driven by enhancement of purchase price conditions due to regular negotiations with suppliers and by the ongoing and permanent optimisation of sales pricing
• Under-proportionate growth in COGS resulted in a higher gross profit growth and an increase of gross profit margin by 0.3pps to 42.5% (H1 2024: 42.2%)
• Rise in distribution expenses partially driven by higher personnel costs as the number of employees increased to support B2B roll-out and increased fulfilment costs due to higher shipment costs and ramp-up of Belgian warehouse
• Administrative expenses increased due to higher headcount as well as one-off expenses in conjunction with IPO project
• Operating result profited from strong Q1, while Q2 temporarily affected by ramp-up costs for new warehouse in Belgium and B2B roll-out, operating results margin therefore increased by only 0.1pps to 4.6% (H1 2024: 4.5%)

in €m	H1 2025	H1 2024	Δ in %
Sales revenue	889.6	751.0	18.5%
Cost of sales	-511.5	-434.0	17.9%
Gross profit	378.1	317.0	19.3%
Distribution expenses	-244.7	-201.2	21.7%
Administrative expenses	-95.1	-81.3	17.0%
Other operating income/expenses	2.2	-1.0	-321.0%
Operating result	40.6	33.6	20.7%
Finance income	0.5	1.1	-54.1%
Finance costs	-2.7	-3.1	-11.8%
Financial result	-2.2	-2.0	11.3%
Income before tax	38.4	31.6	21.2%
Income tax	-14.0	-14.8	-5.2%
Consolidated profit (loss) for the period	24.4	16.9	44.3%

B2C segment development

Strong foundation

in €m	Q2 2025	Q2 2024	Δ in %	H1 2025	H1 2024	Δ in %
Sales revenue	428.5	383.3	11.8%	825.4	724.7	13.9%
Cost of sales	-242.6	-220.0	10.3%	-471.9	-416.6	13.3%
Gross profit	185.9	163.3	13.8%	353.5	308.0	14.8%
Distribution expenses Administrative expenses Other operating income/expenses	-108.3 -28.3 0.7	-89.6 -28.9 0.1	20.8% -2.4% 389.5%	-212.3 -56.3 0.9	-179.3 -52.7 -1.0	18.4% 7.0% -194.4%
Operating result	50.1	44.9	11.5%	85.8	75.1	14.4%
Depreciation EBITDA NR&R	9.8 38.3 11.8	7.2 33.6 11.3	35.6% 14.0% 4.0%	14.8 65.8 20.0	12.1 50.9 24.2	22.3% 29.3% -17.2%
EBITDA Adjusted	50.1	44.9	11.5%	85.8	75.1	14.4%

B2B segment development

Additional growth potential

in €m	Q2 2025	Q2 2024	Δ in %	H1 2025	H1 2024	Δ in %
Sales revenue	33.8	15.2	122.8%	64.2	26.3	144.0%
Cost of sales	-20.7	-9.4	121.7%	-39.6	-16.3	143.2%
Gross profit	13.0	5.8	124.4%	24.6	10.0	145.1%
Distribution expenses Administrative expenses Other operating income/expenses	-13.8 -2.5 0.1	-6.1 -1.2 0.0	126.0% 107.0% 1807.4%	-24.7 -5.0 0.2	-11.0 -2.1 0.0	124.0% 134.9% -531.9%
Operating result	-3.1	-1.5	111.3%	-5.0	-3.2	56.5%
Depreciation EBITDA NR&R	1.5 -5.7 2.6	0.9 -1.9 0.4	75.3% 196.8% 483.8%	2.3 -8.2 3.2	1.2 -4.0 0.8	96.0% 103.1% 279.4%
EBITDA Adjusted	-3.1	-1.5	111.3%	-5.0	-3.2	56.5%

Cash flow statement

Higher cash balance despite lower free cash flow due to change in trade payables and other liabilities

in €m	H1 2025	H1 2024	Δ in %
Cash flow from operating activities	102.3	136.9	-25.3%
Cash flow used in investing activities	-19.6	-3.4	483.5%
Cash flow used in financing activities	-34.0	-59.1	-42.5%
thereof Free Cash Flow	71.3	128.5	-44.5%
Net change in cash and cash equivalents	48.7	74.5	-34.6%
Effect of foreign exchange differences	-0.8	0.2	-548.8%
Cash and cash equivalents at the beginning of period	88.3	33.2	166.0%
Cash and cash equivalents at the end of period	136.2	107.9	26.2%

Balance sheet I

Assets

in €m	30.06.2025	31.12.2024	Δ in %
Non-current assets	115.4	104.5	10.5%
thereof property, plant and equipment	32.8	15.8	108.1%
thereof right of use assets	62.6	69.6	-10.0%
Current assets	347.1	314.8	10.3%
thereof inventories and advance payments	105.3	106.4	-1.1%
thereof other financial assets	87.6	104.8	-16.5%
cash and cash equivalents	136.2	88.3	54.3%
Total assets	462.5	419.3	10.3%

Balance sheet II

Equity and liabilities

in €m	30.06.2025	31.12.2024	Δ in %
Equity	110.6	95.6	15.8%
thereof subscribed capital	40.0	2.6	1423.8%
thereof revenue reserves	-189.3	-154.3	22.7%
thereof other equity components	260.0	247.2	5.2%
Non-current liabilities	101.5	99.6	1.9%
thereof lease liabilities	84.3	84.6	-0.4%
thereof other non-financial liabilities	14.5	11.4	26.4%
Current liabilities	250.5	224.2	11.7%
thereof trade payables	131.6	114.2	15.2%
thereof lease liabilities	16.7	17.5	-4.3%
thereof other financial liabilities	34.6	22.5	53.3%
thereof other non-financial liabilities	52.0	55.1	-5.7%
thereof provisions	15.6	13.4	16.7%
Total liabilities	351.9	323.8	8.7%
Total equity and liabilities	462.5	419.3	10.3%

Investor Relations contact

Stefanie Steiner

Director Investor Relations

Mobile: +49 151 55621476

Email: ir@autodoc.eu

Important Notice

This presentation (including any printed or electronic copy of these slides, or any written or oral material discussed or distributed at or in connection with this presentation, the "Presentation") has been prepared by Autodoc SE (the "Company" and, together with its subsidiaries, the "Group"). By attending the meeting where this Presentation is made or accessing this Presentation, you agree to be bound by the following limitations. This Presentation is being provided for informational purposes only and should not be relied on for any purpose. This Presentation does not purport to be a full or complete description of the Company or the Group or its direct or indirect shareholders. This Presentation does not, and is not intended to, constitute or form part of, and should not be construed as, an offer to sell, or a solicitation of an offer to purchase, subscribe for or otherwise acquire, any securities of the Company, nor shall it or any part of it form the basis of or be relied upon in connection with or act as any inducement or recommendation to enter into any contract or commitment or investment decision or other transaction whatsoever.

This Presentation is not directed at, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. Persons into whose possession this Presentation comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of those jurisdictions.

No representation, warranty or undertaking, express or implied, is made by the Company or its affiliates or any of its directors, officers, shareholders, employees or agents ("Representatives") or any other person, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein, for any purpose whatsoever. No responsibility, obligation or liability is or will be accepted by the Company or any of its Representatives or any other person in relation to any information provided in this Presentation.

The information in this Presentation is subject to updating, revision, amendment, verification, correction, completion and change without notice. In providing access to this Presentation, none of the Company or any of its Representatives or any other person undertakes any obligation to provide the attendee or recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in any such Presentation, including any financial or market data or forward-looking statements. This Presentation should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developments which may occur after the date thereof. None of the Company's its Representatives have independently verified any of this Presentation.

The Presentation and discussion may contain forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "plans", "targets", "aims", "continues", "believes", "estimates", "anticipates", "expects", "intends", "may", "will", "could" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this Presentation and include statements regarding the Company's intentions, beliefs or current expectations concerning, among other things, the Company's prospects, growth, strategies, industry and potential or ongoing acquisitions. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance and the development of the Company's prospects, growth, strategies, industry and the effect of acquisitions may differ materially from those made in or suggested by the forward-looking statements contained in this Presentation. In addition, even if the development of the Company's prospects, growth, strategies and industry are consistent with the forward-looking statements contained in this Presentation, those developments may not be indicative of the Company's results, liquidity or financial position or of results or developments in subsequent periods not covered by this Presentation.

Certain industry, market and competitive position data contained in this Presentation comes from third-party sources. Third-party industry publications generally state that the information they contain originates from sources assumed to be reliable, but that the accuracy and completeness of such information is not guaranteed and that the calculations contained therein are based on assumptions. While the Company believes that each of these publications, studies and surveys has been prepared by a reputable source, none of the Company, nor any of its Representatives have independently verified the data contained therein. In addition, certain of the industry, market and competitive position data contained in this Presentation comes from the Company's own internal research and estimates based on the knowledge and experience of the Company's management in the markets in which the Company and the other members of the Group operate. While the Company believes that such research and estimates are reasonable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change and correction without notice. Finally, market studies and analyses are inherently predictive and subject to uncertainty and not necessarily reflective of actual market conditions, are frequently based on information and assumptions that may not be accurate or technically correct, and their methodology may be forward-looking and speculative. Accordingly, reliance should not be placed on any of the industry, market or competitive position data contained in this Presentation.

This Presentation includes certain measures, including, but not limited to adjusted EBITDA, adjusted EBITDA margin, free cash flow and cash conversion, that are not measures defined by International Financial Reporting Standards ("IFRS") or accounting principles generally accepted in the United States or Germany and are therefore considered to be "non-IFRS financial measures". These non-IFRS financial measures have limitations as analytical tools, and should not be used instead of, or considered as alternatives to, a company's historical financial results based on IFRS. There are no generally accepted principles governing the calculation of these non-IFRS financial measures or similar non-IFRS financial measures used by other companies, and the criteria upon which these or similar measures are based can vary from company to company. These and similar non-IFRS financial measures, do not provide a sufficient basis to compare a company's performance with that of other companies and should not be considered in isolation or as a substitute for operating profit or any other measure as an indicator of operating performance as reported under IFRS.

You are cautioned not to place undue reliance on any non-IFRS financial measures and ratios included herein. Certain financial information in this Presentation (including percentages) has been rounded according to established commercial standards.