GRAMMER AG — Investor Presentation 2020

Apr 29, 2020

First Three Months 2020

Ursensollen, April 29, 2020

© GRAMMER AG 2020

The Health and Safety of our employees & business partners is very important to us. We have implemented comprehensive measures at all our locations and review & update them permanently also in line with national & regional regulations and recommendations.

We are in close contact with our customers to understand their ramp-up schedules or continued shutdown plans and have aligned our global supply chain planning accordingly.

A set of comprehensive measures agreed upon with our different works councils allows us a fast reaction and also enables us to minimize the financial impact from this crisis to our company.

GRAMMER Group is the trusted partner for many industries: an innovative supplier for premium Automotive interiors and a global market leader for seating solutions for Commercial Vehicles.

Based on a strong brand and a broad customer and product portfolio, we will leverage our global presence and also the partnership with Ningbo Jifeng to further grow the business in China and the Americas in both of our market segments: Automotive and Commercial Vehicles.

GRAMMER GROUP | DEVELOPMENT Q1 2020 GROUP REVENUE & DISTRIBUTION BY REGION

GRAMMER Group Revenue Q1 2020: € 455 million (Q1 2019: € 534 million; -15% compared to prior year)

Reduction of Operating EBIT in line with missing volumes and unfavorable product segment mix

Negative impact from FX of EUR -2.5 million

Reduced investments in Automotive segment Lower investment in new GRAMMER Campus 2018 2019 INVESTMENTS [without M&A, in m. €] EMPLOYEES [number, without temps] 6.1% 4.3% 32.4 19.5 15,011 14,564 03/31/19 03/31/20 Number of employees being adapted to reduced work load Temps reduced as a first measure to offset impact from sales drop Q1 2019 Q1 2020

GRAMMER GROUP | COVID-19 SITUATION GRAMMER PLANTS' OPERATION MODUS IN AMERICAS, EUROPE AND CHINA

Operating status as of CW 17/18:

The Executive Board has waived their short- and long-term remuneration incentives for the fiscal years 2019 and 2020. GRAMMER's senior managers have waived their bonuses for 2019 as well.

Proposal to the 2020 Annual General Meeting regarding a minimum dividend of EUR 0.11 per share for the financial year 2019 (2018: EUR 0.75 per share)

Tightened working capital management (receivables, payables and inventories)

Thorough screening of all investment applications (main exceptions are new launches)

General stop of all variable SG&A expenses

Utilization of all available government supports

GRAMMER has started the application process within the KfW special program "Direct participation for Syndicated Loan"

Due to the globally rapidly progressing spread of the COVID-19 pandemic, the Executive Board had already communicated that prior expectations on the development of the fiscal year 2020 are not valid anymore.

A sound assessment of the development of our business in the year 2020 is currently not possible and the impact of the Corona pandemic cannot be adequately determined or reliably quantified on the global economy and on the GRAMMER Group.

A guidance will be issued once this is possible.

GRAMMER GROUP | REPOSITIONING FOR SUCCESS SIGNIFICANT GROWTH OPPORTUNITIES IN AMERICAS AND APAC

GRAMMER GROUP | REPOSITIONING FOR SUCCESS NEW ORGANISATIONAL STRUCTURE STARTING IN APRIL 2020

GRAMMER GROUP | REPOSITIONING FOR SUCCESS FIRST HIGHLIGHTS OF THE YEAR 2020

General Management Meeting 2020 in Regensburg

Back to Business in China

Nomination for the new seat generation of the next TGV

to be continued…

Backup Information

© GRAMMER AG 2020

GRAMMER GROUP | DEVELOPMENT Q1 2020 KEY FIGURES Q1 2020

[IFRS, in € million]	Q1 - 2020	Q1 - 2019	Chg.
Group Revenues	454.9	534.1	-14.8%
EBITDA	19.5	44.2	-55.9%
EBITDA Margin	4.3%	8.3%	-4%-points
EBIT	-2.1	24.0	-108.8%
EBIT-Margin	-0.5%	4.5%	-5%-points
Operating EBIT	0.4	23.0	-98.3%
Operating EBIT Margin	0.1%	4.3%	-4.2%-points
Profit after taxes	-9.8	11.6	-184.5%
EPS in €	-0.80	0.95	-184.2%
Total Assets	1,423.1	1,499.2	-5.1%
Equity	363.4	327.0	11.1%
Equity-Ratio	26%	22%	4%-points
Net Financial Debt	332.0	292.5	13.5%
Gearing Ratio	91%	89%	2%-points
Capex (w/o M&A)	19.5	32.4	-39.8%
Depreciation	21.6	20.2	6.9%
Employees (average)	14,709	14,992	-1.9%

Copyright 2020 GRAMMER AG - Presentation Q1 2020 April 29, 2020

GRAMMER GROUP | SHARE PRICE DEVELOPMENT GRAMMER Share

GRAMMER share price in €, December 31, 2015 until March 31, 2020

Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20

Selected Broker Recommendations
Broker	Date	Current Recomm.	Current TP (€)
Baader Helvea	4-Feb-20	Hold	34.0
Bankhaus Lampe	24-April-20	Buy	26.0
DZ Bank	3-April-20	Hold	19.0
MM Warburg	16-April-20	Hold	22.50
Oddo BHF	31-March-20	Hold	25.0
Consensus			25.30

Top Shareholders

partner Ningbo Jifeng

Investor	in %*
Jiye Auto Parts **	84.23%
Own treasury shares	2.62%
Free Float (<3%)	13.15%
) Percentage based on 12,607,121 voting rights *) Associated company of GRAMMER's strategic

Basic Share Data

ISIN	DE000589540
WKN / Code	589540 / GMM
Number of shares	12,607,121
Market cap [March 31, 2020]	€ 242 million

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