Gestamp Automocion S.A.

Investor Presentation • Jul 25, 2023

Results presentation July 25th, 2023

DISCLAIMER

This presentation hos been presentation of our results as of and for the quarter ended June 30th, 2023. By attending the conference call meeting 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 seating the jurisition. This presentation hos been prepared for informotion and dackground purposes any. It is confidential and obes not care of one should not be construed as an offer or invitation to subscribe or cherwise acquire any securities of Gestamp Automotion of its group nor should to rany port of it form the basis of a be relied on in comection with any cantroct to purchase of subscribes of the Company or ony member of its group or with ony other contract or commisment wholsever. Micher this presentation nor any art of it may be reprobled or redictivited passed on or the contents atherwise divided, drectly or indicatly 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 increation of of the information that any person may require to mottes of the mottes referred to herein. Each recipient of this presentation must make its own independent investigation and analysis of the Company.

This presentation may contain crisin forwards and judgements that reflect the managements intentions, these foward-boking stotements included to, all statements other than statements of historical facts, including, without, linitiation, thase regarding the Company's future financial positions strategy, plans, objectives, goals and targets and future developments in the markets where the Campary porticipates or is seeking to participate. The contexe is projected results is dependent on many fractors which are outside managements onnial. Actual results may differ materially from (and than) those projected on implied in the forward-looking internation involves risks and uncertainties that could significal expected results one is bosed on certain is a couch uncertainties and risks, readers are courioned not to alace undus reliance on such for a statements as a prediction of octual looking statements included heael are bosed on information a williable to the Company as of the Compony undertakes no obligotion to update publicy or revise any forward-looking statement, whether as a read of new information, future events or otherwise, except as may be required by applicable low the model forward-looking strements attrioutable to the Company or cersons and are exarestly qualified in their entirety of these coutionary statements. Growth at one roties is a numerical translation of our figures for ever, and not o decription of the stuation if the currences had not moved. Oper split in cotegories is a management, and should not be considered as a subsitiate for odditions of tangible assets, nor depreciation.

In this presentation, we may refer to information regarding our business and the morket in which ve operate and compete. We how other this internetion from various third party sources, inclusity of industry of the our castomers ond our own internel estimates. We cannot osure you that any of this information is occurate or correctly reflects our port none of our internal surveys or information hos been verified by ony independent sources

No representation or warranty, express or included is the fairness accuracy or completeness of the internation contained herein. None of the Company, its advises, connected person ocepts any looking for any best howsever arising, directly of indirectly, from the presentation or is contents. This sholl not, however, restinct or exclude or limit any duty or liefel any applicable lows ar regulations of any jurisdiction which may not lowfully be distrined (includinq in relation to fraudulent misrepresentation).

INDEX PRESENTATION

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9

KEY HIGHLIGHTS FOR H1 2023

FINANCIAL OVERVIEW

OUTLOOK AND REMARKS

KEY HIGHLIGHTS OF H1 2023

Gestamp C

Strong performance in H1 gives us good visibility to meet 2023 guidance

• 1. Outperformance calculated at FX constant, excluding raw materials and Gescrap
• 1. Excluding impact from raw materials of €634m as of H1 2023

FINANCIAL PERFORMANCE IN H1 2023

(In €m)	H1 2022 Reported	H1 2022 Excluding Raw Materials(1)	HI 2023 Reported	H1 2023 Excluding Raw Materials(1)
Total Revenue	4,871	4,387	6,273	5,639
EBITDA	554	554	700	700
EBITDA margin (%)	1.4%	12.6%	11.2%	12.4%
EBIT	240	240	364	364
EBIT margin (%)	4.9%	5.5%	5.8%	6.5%
Net Income	17		162
Capex	376		425
Net debt	2,300		2,224

Reported revenues have increased by +28.8%(2) YoY in H1 2023 Reported EBIT has grown by +51.6% YoY

Note: All figures including IFRS 16

1. Revenues exclude raw materials impact of €483m in H1 2022 and €634m in H1 2023

2. Revenues excluding Gescrap at FX constant have grown by +25.0% YoY in H1 2023

FINANCIAL PERFORMANCE IN Q2 2023

Gestamp Gesta

(In €m)	Q2 2022 Reported	Q2 2022 Excluding Raw Materials(1)	Q2 2023 Reported	Q2 2023 Excluding Raw Materials(")
Total Revenue	2,615	2,312	3,129	2,834
EBIDA	301	301	ક સાર	363
EBITDA margin (%)	115%	15.0%	116%	123%
EBIT	139	139	191	191
EBIT margin (%)	5.3%	6.0%	6.1%	6.7%
Net Income	72		82
Capex	219		22

During Q2 2023 reported revenues have increased by +19.7%(2) YoY Reported EBIT has grown by +37.8% YoY

Note: All figures including IFRS 16

1. Revenues exclude raw materials impact of €303m in Q2 2022 and €295m in Q2 2023

2. Revenues excluding Gescrap at FX constant have grown by +17.3% YoY in Q2 2023

MARKET VOLUMES IN RECOVERY

Light Vehicle Production Volumes(1)

Solid demand supporting volume growth although we are still far from peak levels

1. Production volumes in Cesar material in SP Clobal Mobility data and Tury 223. Includes content supplied of HSLN Production, Bolyth & NY Production, Bodysty e Obel 2020/0 All rights reserved

DOUR F DIGIT OUTPERFORMANCE IN THE PERIOD

Total at FX constant

12.0%

Market

Outperformance of +9.3 p.p. on a weighted basis@ and excluding raw materials in H1 2023

• 1. Getting sogaric ground for Contact of Compression with production while in ell mest for columes. Mar et problem in an entrient Cestar on contries in 2020 as of Uy 2023 Induses orterituppi ist by SP Colda Mority Opyright @ JR S.J. Production _30 ystelled in clobe de includes Marcouri in exth curreport in
• 1. Market and Gestamp weighted growth measured with H12022 geographical weights as a base (at FX constant and excluding raw materials)

Gestamp

A RECORD FIRST HALF

Gestamp C

Strong growth driven by organic growth and boosted by 2022 strategic projects and Gescrap contribution

Production while according to SP Oldel mobility data a di July 2021 holder consisted (HS 14. Production Bobstyle. Clobal 2020M07). All ights reserved

Revenues excluding impact from raw materials of €483m as of H1 2022 & €634m as of H1 2023 2.

EBITDA 2018 without IFRS 16 impact 3.

1. Excluding the impact from the Transformation Plan

INDEX PRESENTATION

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9

KEY HIGHLIGHTS FOR H1 2023

FINANCIAL OVERVIEW

OUTLOOK AND REMARKS

Geographic diversification supporting a solid performance

		H1 2022	H1 2023	Var. (%)	H1 2022	H1 2023	Var. (%)	H1 2022 H1 2023
		2,058	2,492 Outperformance: +0.4 p.p.	+21.1%	212	283	+33.7%	10.3% 11.4%
		704	868 Outperformance: +25.7 p.p.	+23.4%	115	127	+9.7%	16.4% 14.6%
		1,061	1,206 outperformance: -2.6 p.p.	+13.7%	89	93	+4.5%	8.4% 7.8%
		378	473 Outperformance: +34.5 p.p.	+25.3%	51	61	+19.5%	13.5% 12.9%
		671	883 Outperformance: +28.7 p.p.	+31.6%	87	110	+26.8%	12.9% 12.5%
		-	351	n.a.	-	26	n.a.	- 7.4%
		4,871	6,273	+28.8%	554	700	+26.3%	11.4% 11.2%
		4,387	5,639	+28.5%				12.4% 12.6%

solid net income improvement

Capex overview as of H1 2023

free cash flow generation in H1 2023

Disciplined Balance Sheet

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INDEX PRESENTATION

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9

KEY HIGHLIGHTS FOR H1 2023

FINANCIAL OVERVIEW

OUTLOOK AND REMARKS

SUSTAINED MARKET GROWTH

Gestamp

l. - Production volumes aconding to S&P Clobal mobiled by SRP Global Mobility Cayinght @ IHS_L1_Poduction_Bodysyle_Gobal_2023MD7 [IHS_LV_Production_Bodystyle_Global_2023M04] [IHS_LV_Production_Bodystyle_Global_2023M0]. All rights reserved

1. Et includes BE!, PHE!, FCE! Figures of June 2023 included by SIP Cobal Mobility Copyright @ Merrative Propulsion Plus 60:2023 |, Allights reserved

On the path to deliver our guidance for the year

Note: All figures including IFRS 16

1. Based on current S&P Global Mobility estimated LV production growth and at FX constant

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

A CLEAR STRATEGY TO lead GROWTH on the mobility transition

LONGS ANDING STRATEDC PILLARS ON THE EXECUTION.

Clear strategy to reinforce our Partner Supplier positioning in the industry revolution

• 1. Based on current S&P Global Mobility estimated LV production growth and at FX constant
• 1. Leverage defined as Net Debt to LTM EBITDA
• 1. FCF defined as change in net debt excluding acquisitions as well as dividends

... OF OUR 2027 TARGETS

Gestamp &

Noter guidance provided on a constant current steel prices and based on current maket forecasts for volume projections

• 1. Based on current S&P Global Mobility estimated LV production growth and at FX constant
• 2 Refering only to Sales of Parts, which are revenues from Gestrap and tooling prototypes EV includes BEV, PHEN, FCEV
• Leverage defined as Net Debt to LTM EBITDA
• 1. ROCE defined as: EBIT / (Capital Employed Growth Capex last 1.5 years)

A clear roadmap to push for a sustainable mobility

AGREEMENT WITH ARCE ORMITTAC ON STEEL CIRCULARITY

Gestamp has signed an agreement with ArcelorMittal to supply traceable premium secondary raw material from Gestamp through its subsidiary, Gescrap

With this agreement, Gestamp cooperates with ArcelorMittal to gain access to a steel with a higher recycled content and hence reducing emissions

Ultimately, Gestamp can offer its customers access to "recycled steel" with lower emissions accelerating their path to neutrality

Gestamp leading new ways of cooperation with steel mills to boost closed-loop recycling process across the supply chain seeking at making the "Net Zero Car" possible

Gestamp

CLOSING REMARKS

Strong H1 2023 Results: on the path to meet our 2023 Guidance

Focus on executing our strategy to deliver on our 2027 Targets

Delivering on our ESG commitments to be the ESG Partner Supplier

Appendix – alternative performance measures

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