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Gestamp Automocion S.A.

Investor Presentation Jun 20, 2023

1831_iss_2023-06-20_8d79b583-e83d-4925-a6b4-5092ab565e19.pdf

Investor Presentation

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Ignacio mosquera Chief financial Officer

disclaimer

This presentation has been prepared solely for use during the presentation of our Capital Markets Day on June 20th, 2023. By attending the event where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations.

This presentation is not an offer for sale of securities in the United States or in any other jurisdiction. This presentation has been prepared for information and background purposes only. It is confidential and does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any securities of Gestamp Automociόn, S.A. (the "Company") or any member of its group nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company or any member of its group or with any other contract or commitment whatsoever. Neither this presentation nor any part of it may be reproduced (electronically or otherwise) or redistributed, passed on, or the contents otherwise divulged, directly or indirectly, to any other person or published in whole or in part for any purpose without the prior written consent of the Company.

This presentation does not purport to be all-inclusive or to contain all of the information that any person may require to make a full analysis of the matters referred to herein. Each recipient of this presentation must make its own independent investigation and analysis of the Company.

This presentation may contain certain forward-looking statements and judgements that reflect the management's intentions, beliefs or current expectations. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts, including, without, limitation, those regarding the Company's future financial position and results of operations, strategy, plans, objectives, goals and targets and future developments in the markets where the Company participates or is seeking to participate. The Company's ability to achieve its projected results is dependent on many factors which are outside management's control. Actual results may differ materially from (and be more negative than) those projected or implied in the forward-looking statements. Such forward-looking information involves risks and uncertainties that could significantly affect expected results and is based on certain key assumptions. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements as a prediction of actual results. All forward-looking statements included herein are based on information available to the Company as of the date hereof. The Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Growth at constant exchange rates is a numerical translation of our figures from local currencies to euros, and not a description of the situation if the currencies had not moved. Capex split in categories is a management judgement, and should not be considered as a substitute for additions of tangible and intangible assets, nor depreciation and amortization.

In this presentation, we may rely on and refer to information regarding our business and the market in which we operate and compete. We have obtained this information from various third-party sources, including providers of industry data, discussions with our customers and our own internal estimates. We cannot assure you that any of this information is accurate or correctly reflects our position in the industry, and none of our internal surveys or information has been verified by any independent sources.

No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information contained herein. None of the Company, its advisers, connected persons or any other person accepts any liability for any loss howsoever arising, directly or indirectly, from this presentation or its contents. This shall not, however, restrict or exclude or limit any duty or liability to a person under any applicable laws or regulations of any jurisdiction which may not lawfully be disclaimed (including in relation to fraudulent misrepresentation).

WE HAVE TRANSFORMED OUR FINANCIAL PROFILE

Gestamp &

Excluding raw materials impact of €1,206m

  1. FCF defined as change in net debt excluding acquisitions as well as dividends

  2. Leverage defined as Net Debt to LTM EBITDA

And we deliver on our commitments

Clear financial strategy going forward

WE AIM AT BEATING MARKET GROWTH AS WE HAVE DONE HISTORICALLY

Revenue evolution and market outperformance

2022A

2027E

Gestamp Gestamp Gestamp Gestamp

Gestamp is well positioned to benefit from market growth while continuing to gain market share notably thanks to its strong positioning as a leader in EV

Note quidar ce provided on a constant current steel proces and based on current market breasts in volume projections. EV induses BSP PER , CEV I. Referring only to Sales of Parts, which are revenues from Gescrap, as well as scrap and tooling prototypes

With high visibility of our topline growth underpinned by a strong backlog

COMMITTED TO PROFITABLE GROWTH WIT FOCUS ON ROCE

Reported EBITDA Margin % growth (2022 - 2027)

ROCE(1) % growth (2022 - 2027)

ROCE improvement, a key lever of the top management remuneration to ensure its execution

Note guidance provided on a constant currency basis, assuming current steel prices and based on current market for volume projections 1. ROCE defined as: EBIT / (Capital Employed – Growth Capex last 1.5 years)

Disciplined capital allocation policy





GESTAMP IS READY FOR THE FUTURE OUR TARGETS TO 2027

Note guidance provided on a constant current steel prices and based on current market forecasts for volume projections

    1. I noludes content supplied by S&P Clobal Mobility Copyright © [HS_LV_Production_Bodystyle_Global_2023MO5, All rights reserved
  • 2 Refering only to Sales of Parts, which are revenues from Cestrap as well assrap and tooling produces BM indudes BEV, PHEN PF CEV and PF CE
  • Leverage defined as Net Debt to LTM EBITDA
    1. ROCE defined as: EBIT / (Capital Employed Growth Capex last 1.5 years)

OUR VALUE PROPOSITION

Gestamp Gestamp Gestamp Gestamp Gestamp Gestamp

8.19

Accelerate growth and strengthen our leadership positioning in EV

0-

Further improve cash generation and accelerate deleveraging

Smart capital allocation including attractive shareholder Vremuneration

Gestamp

The FINANCIAL Partner supplier

APPENDIX - ALTERNATIVE PERFORMANCE ME4SURES (1)

Gestamp

This results presentation and any related conference call or webcast (including and answer session ) (the "Presentation"), in addition to financial information detailed in the Gestamp Group's financial statements prepared in accordance with International Financial Reporting Standards, contains atternance measures ("APMs") as defined in the Guidelines on Alternative Performance Measures published by the European Securities and Markets Authority (ESMA) on October 5, 2015.

A breakdown of the explanations and reconcliations of the APMs used in the Presentation, as well as further definitions, can be found, as applicable, in Note 4.6. of the Consolidated Financial Statements of the Gestamp Group as of December 31, 2022, in the Management Report of the Gestamp Group corresponding to the first quarter of 2023 as well as in the Presentation itself, available both on Cestamo's corporate website (https://gestam.p.com/ni-Financial-information) ond on the website of the National Securities Market Commission (Comisión Nacional del Mercado de Valores) (www.cnmv.es).

Our APMs are described below:

  • Backlog; Represents sales of parts that the company expects to record including production and awarded business, over a period of time

  • Sales of Parts: Revenues excluding revenues from Gescrap, as well as scrap and tooling prototypes

  • ROCE: Return on capital employed calculated as EBIT divided by capital employed minus growth capex for the last 1.5 years

  • Capital Employed: calculated by total assets adjusted for those balance sheet items that do not generate EBIT for the company and minus current liabilities

    • Total Assets adjustments: Coodwill, Peteris & Licences, Prepayment, Other NCA, Deferred Tax Licblities, Other Receivables, Current Income Tax Assets, Receivables from Public Authorities, Cash and Other Current Financial Assess
    • · Current Liabilities adjustments: Short Tox Liabilities, Payables with Public Authorities, Other Shart Term Firancial Liabilities, Financial Debts with Associates and Dividends

Appendix – alternative performance measures (ii)

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