Autodoc SE

Investor Presentation • Dec 8, 2025

Driving the digitalisation of the auto aftermarket

Titles "Monserrat ExtraBold" 20 Table of contents

1 •	AUTODOC at a glance A unique and highly compelling story •	3
2 •	Operational and financial update Q3 2025 •	26
3 •	Appendix	41

AUTODOC at a glance

A unique and highly compelling story

The largest digital pure play platform in the European auto aftermarket¹

2024 Sales revenue

~6.7m

Automotive spare parts in assortment²

~8.4m

Active customers⁴

13

Countries with physical presence ~17%

Sales revenue CAGR '22-'24

~10%

2024 Adj. EBITDA margin³

~16.8m

Orders in 2024

>5,000

Headcount⁵

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.

Largest and fastest growing auto parts digital platform in Europe

Sources: Company websites, public filings and press releases.

Notes: 1 Kfzteile24 revenues refers 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...

Savings for AUTODOC's customers

Global sourcing advantage

Private Brands

Suppliers compete for customer order

Source: Company information.

Resulting in pass-through savings for consumers

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

~126m installations since launch¹

+10% higher AOV²

~18m times installed in 2024

~60% Sales Revenue generated via app³

Leading mobile app User friendly search functionality

Outstanding customer service

Customer support available in 23 languages

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

>4k Repair tutorials on

Source: Company information. Notes: Data as of November 2024. >20k

Car repair guides on

Unrivalled modular platform concept driving efficiency and scale

Product and information flow

Source: Company information.

Note: 1 Five of which are distribution centres, one return centre and two replenishment centres.

Disrupting the traditional B2B distribution channel

AUTODOC PRO – "Phygital" approach to B2B

Digital strength of eCommerce

• ✓ Product assortment
• ✓ Lower price compared to traditional wholesalers
• ✓ Simplified product ordering
• ✓ Reliable delivery
• ✓ Advanced repair guidance

Critical physical workshop services

• ✓ Simplified returns processing
• ✓ Management of warranties
• ✓ In-person training
• ✓ Core returns for remanufacturing
• ✓ Information on new products
• ✓ Problem resolution

Workshops have always bought from , now it is easier, better and faster

Rolling out planned across Europe

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 categorised as B2B customer) that bought from the AUTODOC B2C shop. 3 Data as of 30 Sep 2025. 4 Data as of Oct 2022.

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

AUTODOC today

AUTODOC's future

Eventually AUTODOC will digitally empower workshops and transform the service ecosystem

Launch and further rollout MARKETPLACE

Operational focus on executing our strategy – 350 partners, ~1,200k additional SKUs, ~€7.7m GMV

• Larger assortment, bigger choice • Competitive prices

• Seller reliability
• Expert support

Partner

Autodoc

Consumer

• Opportunity to offer their products directly via the AUTODOC platform
• Reaching millions of potential customers

• Moving closer to our goal: becoming the go-to platform for vehicle parts and accessories in Europe
• Combining customer focus with technological innovation
• Decisive step in the digital transformation of the European automotive aftermarket

Launched

Planned roll-out

Key Advantages AUTODOC Marketplace

Start of technical development supported by all development teams of AUTODCOC in Jan 2024

Launch of marketplace platform in France in Jan 2025 with planned roll-out across Europe

Represents next growth pillar complementing existing AUTODOC platforms

Aligns with AUTODOC's vision of becoming the leading technological ecosystem, connecting sellers and customers across the European automotive aftermarket

Rollout extended to Germany, Spain, Austria, Italy, Belgium, Netherlands, Portugal and Luxembourg as of July

~350 marketplace partners onboarded ~1,200k additional SKUs

All operations backed by tech-driven platform

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

...backed by a team of >900 FTEs diversified across technology functions committed to continuous innovation

Fast growth, while highly profitable and cash generative

Strong and resilient top-line growth

Consistent high operating profitability Outstanding cash flow conversion

17.5% Sales revenue CAGR 2022-24

21.6% Adj. EBITDA CAGR 2022-24

93.3% 2024 Cash conversion¹

15.0% Total orders CAGR 2022-24

9.7% 2024 Adj. EBITDA margin

0.1x 2024 Net interestbearing debt² / Adj. EBITDA

Source: Company information.

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.

9M 2025 key business and financial highlights

Continued growth in 2025 with 9M sales revenue growth of +17.0% YoY

Ongoing strong momentum in the B2C segment growing +12.6% 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 8.3% YoY growth in Adj. EBITDA and a 9.0% margin

Financial efficiency demonstrated by strong FCF³ generation of €91.7m with a 83.1% cash conversion² , underpinned by a robust liquidity

€1,332m

9M 2025 Sales revenue

12.6%

B2C 9M 2025 sales revenue growth YoY

8.3%

YoY growth 9M 2025 Adj. EBITDA¹

18.5m

LTM 9M 2025 total orders

17.0%

9M 2025 sales revenue growth YoY

126.6%

B2B 9M 2025 sales revenue growth YoY

83%

9M 2025 cash conversion²

9.1m

LTM 9M 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.

Titles "Monserrat ExtraBold" 20 Channel comparison 30.09.2025

Adjusted EBITDA margin in %

B2C as the strong backbone for continued profitable growth

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

	Historical				Outlook
	2022	2023	2024		2025
Total Revenue	8.7%	16.0%	18.9%	>	Continued strong total revenue growth expected to be in the middle of the 14-19% range
Gross Profit Margin	43.4%	43.3%	42.2%	>	Gross profit margin expected to be around the level of last year
Adj. EBITDA Margin	9.1%	10.2%	9.7%	>	Adjusted EBITDA margin expected to be at the lower end of the range of 9.0-9.8%
Сарех	€7.1m 0.6%	€5.2m 0.4%	€10.2m 0.7%	>	Total capex as a % of revenue expected to be in the 2-3% range in 2025. Higher than historical levels due to the investment into Cheb distribution centre automation

Titles "Monserrat ExtraBold" 20 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

Management Board Leadership Team

Steven Bianchi CPO

Alex Tabone COO

Eugene Zhuravlenko CRO

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.

<-- PDF CHUNK SEPARATOR -->

AUTODOC: A Unique and Highly Compelling Story

• #1 Digital pure play platform for automotive parts in Europe 1
• Turbocharging the digitalisation of a ~€109bn market¹ 2
• Broad product & brand offering supported by a seamless customer-first mobile experience 3
• Built on proprietary data and tech-driven platform 4
• Ideally positioned to capture the digitalisation of the large B2B segment 5
• Highly attractive financial profile with consistent track record of profitable growth 6

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

Strategy and operational update

Q3 2025

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

Proven concept rolled out step by step

Launch and further rollout MARKETPLACE

Operational focus on executing our strategy – 350 partners, ~800k additional SKUs, ~€5.5m GMV

• In Q3, rollout to Belgium, Netherlands, Portugal, Luxembourg
• Now active in 9 countries: Austria, Belgium, France, Germany, Italy, Luxembourg, Netherlands, Portugal and Spain
• To come in Q4 2025: UK; further rollout to the Nordics in 2026

Strategic implication

• Getting closer to our goal: becoming the go-to platform for vehicle parts and accessories in Europe
• Combining customer focus with technological innovation
• Decisive step in the digital transformation of the European automotive aftermarket

All further performance indicators improved

Indicators across revenue and profitability are on the upswing

Number of orders (m) 16.0 18.5 LTM 30.09.24 LTM 30.09.25 +15.6% 1.97 2.03

• Increase was supported by higher order frequency thanks to growing B2B business, i.e., more orders placed per active customer, as well as a higher number of active customers

Commentary Commentary Commentary

• Growth driven by a combination of good customer retention and successful customer acquisition
• Slightly increased returns rate due to growing B2B business

Number of active customers* Average order value (AOV)*

• Average order value increased due to higher average sales prices and a lower share of private brands which are positioned at a lower pricing level than 3rd party brands

Financial update Q3 2025

Successful Q3 while we prepare for future growth

Strong cash generation despite B2B roll-out

Sales revenue increased by 14.1% to €443.0m

Gross profit rose by 12.7% to €188.6m, gross profit margin slightly decreased to 42.6% (-50bps)

Adj. EBITDA with slight increase of 0.7% to €39.6m, adj. EBITDA margin at 8.9%, impacted by preparation work for future growth

Strong free cash flow* generation of €91.7m in the first nine months

Cash position strengthened further despite dividend payment of €59.5m in Q2, cash stood at €155.3m (+49.8%)

Guidance for 2025 concretised within the given range

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

Sales revenue with ongoing growth trajectory

B2C with double digit Adjusted EBITDA margin, strong growth contribution from B2B

Sales revenue by region

Q3 France and Germany remain largest markets, Spain/Portugal with best performance

Q3

€m	Q3 2025	Q3 2024	Δ in %
France	135.2	111.9	20.8%
Germany	108.1	98.6	9.6%
Scandinavia	44.6	43.4	2.7%
Spain/Portugal	36.5	28.2	29.5%
Italy	25.0	22.0	13.9%
Rest of Europe	93.6	84.0	11.4%
Total	443.0	388.1	14.1%

France and Spain/Portugal with over-proportionate growth

Strong sales revenue growth on Group level with stable adj. EBITDA

Mainly driven by increase in number of orders and order frequency

• (€m) Sales revenue 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 8.5%
• Gross profit increased in absolute terms on the back of sales revenue growth, but gross profit margin decreased due to higher B2B share, a lower private brands share as well as a generally lower pricing level
• Adj. EBITDA only stable due to strong increase of distribution expenses driven by the ramp-up costs in Belgium, the roll-out of B2B and build up of service agents and rising digital marketing costs
• Adjusted EBITDA margin decreased to 8.9% (Q3 2024: 10.1%)

Continued double-digit 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 slightly slower than sales revenue due to a slightly over-proportionate COGS growth leading to a slight decrease in gross profit margin by -0.1%pp to 43.2% (Q3 2024: 43.3%)
• Adjusted EBITDA grew slower than sales revenue driven by higher distribution expenses due to investments into our supply chain and ramp-up of Belgian warehouse; significantly increased administrative expenses due to IPOrelated expenses which are passed-on to shareholders and recognised in other operating income (€4.8m) as well as higher consulting expenses
• NR&R mainly influenced by share-based payments and strategic projects
• Adjusted EBITDA margin decreased to 10.4% (Q3 2024: 11.0%)

Commentary	P&L
	in €m	Q3 2025	Q3 2024	Δ in %
	Sales revenue	407.5	370.4	10.0%
	Cost of sales	-231.4	-210.0	10.2%
	Gross profit	176.0	160.4	9.7%
	Distribution expenses Administrative expenses	-109.2 -30.3	-98.8 -20.5	10.6% 47.7%
	Other operating income/expenses	6.0	-0.5	NM
	Operating result / Adj. EBITDA	42.5	40.6	4.7%
	NR&R	8.8	11.3	-21.8%
	EBITDA	33.7	29.3	14.9%
	Depreciation	4.4	5.0	-12.3%

Ongoing fast 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 with high speed
• Gross profit grew slower than sales revenue due to onetime posting of unused customer bonus points, price discounts and the country mix leading to a lower gross profit margin of 35.4% (Q2 2024: 39.3%)
• Distribution expenses increased slower than sales revenue as the still ongoing express deliveries are reduced while the ongoing ramp-up of the Belgian warehouse leads to fixed costs degression effects
• Administrative expenses went up due to higher personnel expenses, especially for hiring service agents
• NR&R comprised strategic projects like the ramp-up of warehouse in Ghent
• Adjusted EBITDA margin decreased to -8.1% (Q3 2024: -7.0%)

Commentary	Key Financials
	in €m	Q3 2025	Q3 2024	Δ in %
	Sales revenue	35.5	17.7	100.8%
	Cost of sales	-22.9	-10.7	113.7%
	Gross profit	12.6	7.0	81.0%
	Distribution expenses	-12.9	-6.9	87.5%
	Administrative expenses	-3.0	-1.3	134.7%
	Other operating income/expenses	0.4	0.0	NM
	Operating result / Adj. EBITDA	-2.9	-1.2	133.6%
	NR&R	1.3	0.5	129.5%
	EBITDA	-4.1	-1.8	132.4%
	Depreciation	1.1	0.6	78.0%

Group P&L (IFRS)

Double-digit growth in net profit

Commentary

• Rise in distribution expenses partially driven by:
• Increased fulfilment costs due to higher shipment costs and ramp-up of Belgian warehouse
• Higher personnel costs as the number of employees (especially service agents) increased to support B2B roll-out
• Under-proportionate rise in administrative expenses driven by lower contributions to share-based payments, personnel expenses increased due to larger workforce for growth strategy
• Number of employees increased by 14.2% to 5,628 (Q3 2024: 4,929)
• Operating results margin therefore reduced by -0.2%pp to 5.4% (Q3 2024: 5.7%)
• Financial result remains low due to nearly debt-free balance sheet
• Net profit continued to grow significantly

in €m	Q3 2025	Q3 2024	Δ in %
Sales revenue	443.0	388.1	14.1%
Cost of sales	-254.4	-220.8	15.2%
Gross profit	188.6	167.4	12.7%
Distribution expenses Administrative expenses Other operating income/expenses	-126.2 -44.3 6.0	-103.1 -41.7 -0.5	22.4% 6.1% NM
Operating result	24.1	22.0	9.8%
Finance income Finance costs	0.8 -1.4	0.5 -1.5	49.7% -10.1%
Financial result	-0.6	-1.0	-43.2%
Income before tax	23.6	21.0	12.3%
Income tax	-8.6	-9.8	-12.2%
Consolidated profit (loss) for the period	15.0	11.2	33.7%

Working capital and capex

Strategic investments into warehouse automation in Czech drive capex

€m	30.09.2025	31.12.2024
Inventories and advance payments	104.5	106.4
+ Trade receivables	1.3	0.6
- Trade payables	130.5	114.2
Working capital	-24.8	-7.2

• Inventories and advance payments decreased by -1.8% despite increase in revenue and stocking of new warehouse in Belgium
• Trade payables increased by 14.3% from higher business

• Large part of capex spent for Czech warehouse (~€18m)
• Maintenance capex remains below 1% of sales revenue

Asset- and capex-light business model

Cash flow bridge

Sustained robust liquidity

Outlook concretised

Ongoing growth path

		Historical			Outlook
	2022	2023	2024		2025
Total Revenue	8.7%	16.0%	18.9%	>	Continued strong total revenue growth expected to be in the middle of the 14-19% range
Gross Profit Margin	43.4%	43.3%	42.2%	>	Gross profit margin expected to be around the level of last year
Adj. EBITDA Margin	9.1%	10.2%	9.7%	>	Adjusted EBITDA margin expected to be at the lower end of the range of 9.0-9.8%
Capex	€7.1m 0.6%	€5.2m 0.4%	€10.2m 0.7%	>	Total capex as a % of revenue expected to be in the 2-3% range in 2025. Higher than historical levels due to the investment into Cheb distribution centre automation

Appendix

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	Q3 2025	Q3 2024	Δ in %
Consolidated profit (loss) for the financial period	15.0	11.2	33.7%
Income tax	8.6	9.8	-12.2%
Depreciation, amortisation and impairment	5.4	5.6	-2.5%
Financial result	0.6	1.0	-43.2%
Earnings before financial results, taxes, depreciation and amortisation (EBITDA)	29.6	27.6	7.3%
Expense for long-term compensation	6.7	10.5	-36.4%
Other extraordinary and/or non-operating expenses	3.4	1.3	158.8%
Adjusted EBITDA	39.6	39.4	0.7%

Adjustments to EBITDA

9M

Commentary

• Expenses for share-based payments of €18.8m and for long-term incentives of €4.2m
• Other extraordinary and/or nonoperating expenses mainly driven by €2.2m for the new warehouse in Belgium, €1.2m for technology and support, €0.7m for SAP FI services and implementation, €0.6m for the new office project in Berlin, €1.1m for legal services and related expenses
• Remaining €1.1m was attributable to other extraordinary expenses, including various consulting services like board consultations, labour law, IPOrelated, compliance initiatives and smaller strategic projects.

in €m	9M 2025	9M 2024	Δ in %
Consolidated profit (loss) for the financial period	39.3	28.1	40.1%
Income tax	22.6	24.5	-8.0%
Depreciation, amortisation and impairment	22.5	18.8	19.5%
Financial result	2.8	3.0	-6.8%
Earnings before financial results, taxes, depreciation and amortisation (EBITDA)	87.2	74.5	17.2%
Expense for long-term compensation	22.9	32.8	-30.2%
Other extraordinary and/or non-operating expenses	10.3	4.0	160.6%
Adjusted EBITDA	120.5	111.3	8.3%

Revenue with ongoing growth trajectory

Strong growth contribution from B2B 9M

P&L

Significantly increased profit

Commentary

• Sales revenue growth driven by +13.3% order volume growth and +3.7% AOV increase
• COGS rose in line with sales revenue resulting in higher gross profit and a stable gross profit margin of 42.5% (9M 2024: 42.5%)
• Rise in distribution expenses driven by: higher personnel costs to support B2B roll-out; increased fulfilment costs due to higher shipment costs and ramp-up of Belgian warehouse; higher packaging costs from higher sales volume; increased marketing costs
• Administrative expenses increased due to higher headcount as well as IT costs
• Operating result profited from strong Q1, while Q2 and Q3 temporarily affected by ramp-up costs for new warehouse in Belgium and B2B roll-out, operating results margin remained stable at 4.9% (9M 2024: 4.9%)

in €m	9M 2025	9M 2024	Δ in %
Sales revenue	1,332.6	1,139.1	17.0%
Cost of sales	-765.8	-654.7	17.0%
Gross profit	566.8	484.4	17.0%
Distribution expenses	-371.0	-304.3	21.9%
Administrative expenses	-139.3	-123.0	13.3%
Other operating income/expenses	8.2	-1.5	-635.3%
Operating result	64.7	55.6	16.4%
Finance income	1.3	1.6	-19.2%
Finance costs	-4.1	-4.6	-11.2%
Financial result	-2.8	-3.0	-6.9%
Income before tax	61.9	52.6	17.7%
Income tax	-22.6	-24.5	-8.0%
Consolidated profit (loss) for the period	39.3	28.1	40.1%

Sales revenue by region

9M France and Germany remain largest markets, Spain/Portugal with best performance

in €m	9M 2025	9M 2024	Δ in %
France	407.0	323.4	25.9%
Germany	324.0	287.9	12.5%
Scandinavia	131.9	124.9	5.6%
Spain/Portugal	107.8	83.5	29.0%
Italy	76.7	67.1	14.3%
Rest of Europe	285.2	252.3	13.0%
Total	1,332.6	1,139.1	17.0%

France and Spain/Portugal with over-proportionate growth

B2C segment development

Strong foundation

in €m	Q3 2025	Q3 2024	Δ in %	9M 2025	9M 2024	Δ in %
Sales revenue	407.5	370.4	10.0%	1,232.9	1,095.1	12.6%
Cost of sales	-231.4	-210.0	10.2%	-703.3	-626.7	12.2%
Gross profit	176.0	160.4	9.7%	529.6	468.5	13.1%
Distribution expenses	-109.2	-98.8	10.6%	-321.5	-278.1	15.6%
Administrative expenses	-30.3	-20.5	47.7%	-86.7	-73.2	18.4%
Other operating income/expenses	6.0	-0.5	-1333.9%	6.9	-1.5	-575.6%
Operating result / Adj. EBITDA	42.5	40.6	4.7%	128.4	115.7	11.0%
NR&R	8.8	11.3	-21.8%	28.8	35.4	-18.6%
EBITDA	33.7	29.3	14.9%	99.5	80.3	24.0%
Depreciation	4.4	5.0	-12.3%	14.8	17.1	-13.3%

B2B segment development

Additional growth potential

in €m	Q3 2025	Q3 2024	Δ in %	9M 2025	9M 2024	Δ in %
Sales revenue	35.5	17.7	100.8%	99.8	44.0	126.6%
Cost of sales	-22.9	-10.7	113.7%	-62.6	-27.0	131.5%
Gross profit	12.6	7.0	81.0%	37.2	17.0	118.9%
Distribution expenses	-12.9	-6.9	87.5%	-37.6	-17.9	110.0%
Administrative expenses	-3.0	-1.3	134.7%	-8.1	-3.4	134.8%
Other operating income/expenses	0.4	0.0	-1456.5%	0.6	-0.1	-946.9%
Operating result / Adj. EBITDA	-2.9	-1.2	133.6%	-7.9	-4.4	78.0%
NR&R	1.3	0.5	129.5%	4.5	1.4	220.2%
EBITDA	-4.1	-1.8	132.4%	-12.3	-5.8	112.1%
Depreciation	1.1	0.6	78.0%	3.4	1.8	89.9%

Cash flow statement

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

in €m	9M 2025	9M 2024	Δ in %
Cash flow from operating activities	113.8	139.7	-18.5%
Cash flow used in investing activities	-22.1	-5.7	285.1%
Cash flow used in financing activities	-23.6	-63.7	-62.9%
thereof Free Cash Flow	74.2	124.3	-40.3%
Net change in cash and cash equivalents	68.0	70.3	-3.2%
Effect of foreign exchange differences	-1.0	0.2	-683.3%
Cash and cash equivalents at the beginning of period	88.3	33.2	166.0%
Cash and cash equivalents at the end of period	155.3	103.6	49.8%

<-- PDF CHUNK SEPARATOR -->

Balance sheet I

Assets

in €m	30.09.2025	31.12.2024	Δ in %
Non-current assets	114.8	104.5	9.9%
thereof property, plant and equipment	34.3	15.8	117.2%
thereof right of use assets	59.4	69.6	-14.6%
Current assets	374.9	314.8	19.1%
thereof inventories and advance payments	104.5	106.4	-1.8%
thereof other financial assets	97.7	104.8	-6.8%
cash and cash equivalents	155.3	88.3	75.9%
Total assets	489.7	419.3	16.8%

Balance sheet II

Equity and liabilities

in €m	30.09.2025	31.12.2024	Δ in %
Equity	131.2	95.6	37.3%
thereof subscribed capital	40.0	2.6	1423.8%
thereof revenue reserves	-174.4	-154.3	13.0%
thereof other equity components	265.6	247.2	7.4%
Non-current liabilities	112.1	99.6	12.5%
thereof lease liabilities	80.9	84.6	-4.4%
thereof other non-financial liabilities	15.6	11.4	36.4%
Current liabilities	246.4	224.2	9.9%
thereof trade payables	130.5	114.2	14.3%
thereof lease liabilities	16.3	17.5	-6.6%
thereof other financial liabilities	27.2	22.5	20.9%
thereof other non-financial liabilities	54.5	55.1	-1.1%
thereof provisions	17.8	13.4	33.0%
Total liabilities	358.5	323.8	10.7%
Total equity and liabilities	489.7	419.3	16.8%

Titles "Monserrat ExtraBold" 20 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.

Investor Relations contact

Stefanie Steiner

Director Investor Relations

Mobile: +49 151 55621476

Email: ir@autodoc.eu