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GRAMMER AG Investor Presentation 2017

Aug 9, 2017

186_ip_2017-08-09_3bcfdeda-1843-4b24-bc31-49e17e632188.pdf

Investor Presentation

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Presentation First Half-Year 2017

Amberg, August 9, 2017

Major developments in the 1st half-year 2017

  • New strategic partnership with Chinese automotive supplier Ningbo Jifeng established
  • Successful AGM proxy-fight against minority shareholder Cascade
  • New shareholder structure with JAP (Ningbo Jifeng) as anchor-shareholder makes an "unfriendly" influence or change-of-control nearly impossible
  • Order intake still weak due reluctance of main customers to award new business. Strong pickup in H2-17necessary to secure mid-term growth expectations
  • Global automotive markets with positive momentum. GRAMMER as an interior specialist is not impacted by current discussions about Diesel emission standards
  • With the exception of Brazil and the US, global truck markets with solid growth in 2017
  • Agricultural markets beginning to show first signs of recovery. Very positive growth development of construction and material handling markets
  • GRAMMER Group with ongoing improvement of operational performance leading to higher operative EBIT-margin of 4.8% in the first 6 months of 2017
  • GRAMMER's full-year guidance for 2017 with an operative EBIT-margin of approx. 5% confirmed

GRAMMER GROUP – DEVELOPMENT H1 2017Group revenues and operating EBIT fully in line with expected development

GRAMMER GROUP – DEVELOPMENT H1 2017

Net profit and EPS impacted by currency and AGM-related one-off costs

Copyright 2017 GRAMMER AG - Presentation H1 2017

Capex and capex-ratio[in € million and %] GRAMMER GROUP – DEVELOPMENT H1 2017Investments continue to focus on expansion and optimization measures19.928.52.3%3.1%H1 16 H1 17Capex H1 2017 by divisions[in %]6%Central ServicesCommercial VehiclesAutomotive14%80%

GRAMMER GROUP – DEVELOPMENT H1 2017

Only slight increase in headcount despite ongoing business growth

AUTOMOTIVE – DEVELOPMENT H1 2017

Improvement of operating performance and profitability well on track

GRAMMER AUTOMOTIVE – ORDER INTAKE SITUATION 2017

Order intake still weak due to reluctance of main customers to award new business

COMMERCIAL VEHICLES – DEVELOPMENT H1 2017

Partial recovery of key markets and cost optimization drive EBIT improvement

Strong endorsement of GRAMMER's successful strategy by the recent AGM

Annual General Meeting Summary

  • All motions proposed by GRAMMER's management were supported by an impressive and large majority of shareholders
  • Additionally, our shareholders rejected all resolutions & countermotions proposed by a minority shareholder
  • Change-of-control intended by a minority shareholder could be fully averted
  • GRAMMER continues in full independence the implementation of the Group's successful strategy

GRAMMER AG's strategy for profitable growth and value generation was confirmed andstrongly supported by its shareholders with a massive vote of confidence at the AGM

Post-AGM major developments

  • JAP Capital Holding GmbH, an associated company of our strategic partner Ningbo Jifeng has increased its stake in GRAMMER to more than 20% and is the largest shareholder of GRAMMER AG
  • Based on new shareholder structure, an "unfriendly" influence or change-of-control is nearly impossible
  • GRAMMER's request to appoint Prof. Dr.-Ing. Birgit Vogel-Heuser to the Supervisory Board, replacing Dr. Hans Liebler, who stepped down from the supervisory board effective June 30, 2017 has been accepted by the local court of Amberg

New shareholder structure

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*) Percentage based on 12,607,121 total voting rights

**) Associated company of GRAMMER's strategic partner Ningbo Jifeng

***) Companies owned by Hastor family

The impressive AGM results were not just an important milestone, but even more a strong signalthat GRAMMER is continuing as a trusted and reliable partner for our customers

GRAMMER GROUP – MARKET OUTLOOK 2017

Car & Truck markets with solid growth. Brazil and Agriculture may recover in 2017

Car production – Actual 2016 & Forecast 2017[in % yoy]

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Truck production – Actual 2016 & Forecast 2017

Source: IHS, April 2017 forecast (prev. forecast Jan. 2017)

Agricultural market outlook 2017 by our main customers

GRAMMER Group – Outlook 2017:

  • At Group level GRAMMER forecasts an increase in revenue of around 5% over the previous year in 2017
  • As communicated, a Group operational EBIT-margin of around 5% is expected in 2017
  • The attempted change-of-control sought by a minority shareholder continues to have adverse effects on order intake for future projects and a full compensation might not be possible. Therefore it will be important that GRAMMER is able to win major new projects to be awarded by the premium OEMs in the second half year 2017

Backup Information

GRAMMER GROUP

Key Figures H1 and Q2 2017

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Copyright 2017 GRAMMER AG - Presentation H1 2017

GRAMMER GROUP – FINANCIAL KEY FIGURES

5-year development

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Copyright 2017 GRAMMER AG - Presentation H1 2017

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GRAMMER GROUPLegal Disclaimer

By attending the presentation to which this document relates or by accepting this document and not immediately returning it, you agree to be bound tothe following limitations:

This presentation and the topics addressed therein have been compiled for discussion purposes only and are not intended to be a comprehensive summary of all business, financial, legal, practical and other aspects or to cover all issues relating to an investment in GRAMMER AG. A bindingcommitment will only result from a definitive and binding agreement.

This presentation does not constitute or form part of, and should not be construed as, an offer to sell or a solicitation of an offer to buy or subscribe forany securities and neither this presentation nor anything contained herein shall act as an inducement to enter into or form the basis of, or be relied on inconnection with, any offer or contract or commitment whatsoever.

This presentation does not constitute an offer for sale of any securities in the United States. Neither this presentation nor any copy of it may be taken ortransmitted in or into the United States of America, its territories or possessions or distributed, directly and indirectly, in the United States of America, itsterritories and possessions or to U.S. Persons (as such term is defined in Regulation S under the Securities Act). Any failure to comply with this restriction may constitute a violation of U.S. securities laws. Neither this presentation nor any copy of it may be taken or transmitted in or into Australia, Canada or Japan or distributed, directly and indirectly, in Australia, Canada or Japan. The distribution of this presentation in other jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions.

This presentation contains estimates, forecasts and expectations. Such estimates, forecasts and expectations are subject to risks and elements of uncertainty that could result in deviation of actual developments from expected developments. The estimates, forecasts and expectations are only validat the time of publication and there can be no assurance that future results or events will be consistent with any such estimates, forecasts orexpectations. GRAMMER AG does not intend to update any such estimates, forecasts or expectations and assumes no obligation to do so. GRAMMERAG does not assume any liability for the statements made.

Neither GRAMMER AG nor any of its respective directors, officers, or employees nor any other person accept – to the extent legally possible – anyliability for any loss howsoever arising from any use of this presentation or its contents or otherwise in connection therewith. Please take appropriateadvice before applying anything contained in these materials to specific issues or transactions.

This presentation is confidential and is being supplied to you solely for your information and may not be reproduced, redistributed or passed on to anyother person or published, in whole or in part, for any purpose. This presentation or any copy of it may not be distributed to any third party, including themedia or the press.

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