Sixt SE — Investor Presentation 2022

Jun 8, 2022

SIXT INVESTOR UPDATE

DISCLAIMER

This presentation (together with the presenters' speeches and any other related verbal or written communications the "Presentation") contains forward-looking statements relating to the business, financial performance and results of Sixt SE (together with its subsidiaries, the "Company") and/or the industry in which the Company operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes," "expects," "predicts," "intends," "projects," "plans," "estimates," "aims," "foresees," "anticipates," "targets," and similar expressions. Forward-looking statements, including assumptions, opinions and views of the Company or cited from third party sources, are solely opinions and forecasts which are uncertain and subject to risks. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in general economic conditions, in particular in the Company's target markets and changes in competition levels. The Company does not guarantee that the assumptions underlying forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of opinions or any obligation to update the statements in the Presentation to reflect subsequent events. Forward-looking statements are made only as of the date of the Presentation. Neither the delivery of the Presentation nor any further discussions of the Company with any of the recipients thereof shall, under any circumstances, create any implication that there

has been no change in the affairs of the Company since such date. Consequently, the Company does not undertake any obligation to review, update or confirm expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of the Presentation. Furthermore, a totally different performance can ensue from an unexpected slump in demand or economic stagnation in our key markets. The actual development can differ materially from the forecasts made in this Presentation, in case one of the aforementioned risks or other risks not mentioned here should materialize and/or the assumption on which we have based our forecasts and prospects turn out to be wrong.

Certain industry and market information in the Presentation and/or related materials has been obtained by the Company from third party sources. The Company has not independently verified such information and neither the Company nor any of its directors provides any assurance as to the accuracy, fairness or completeness of such information or opinions contained in this document and neither the Company nor any of its directors takes any responsibility for such information. This Presentation contains summary information only and does not purport to be comprehensive and is not intended to be (and should not be used as) the basis of any analysis or other evaluation. In addition, the information in the Presentation is subject to change. No representation or warranty

(express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein. Due to rounding it is possible that figures may not add up exactly and that half or full year figures do not correspond to added quarterly figures. For the same reason, percentages may not exactly match absolute numbers they correspond to.

The Presentation does not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of the Company 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, nor shall it or any part of it form the basis of or be relied on in connection with any other investment whatsoever.

MANAGEMENT SUMMARY

OUR VISION

Transform the way the world moves, because people expect better.

We make mobility as easy and flexible as possible.

Our customers can expect: Better cars. Better service. Better tech. Better people.

UNLIMITED OPPORTUNITY IN A USD 6.7 TN MARKET

WE ARE A DIGITAL INTEGRATED MOBILITY PROVIDER WITH CAR RENTAL AT ITS CORE

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¹Share of vehicles (infleeted in 2021) covered by buyback or leasing agreements with OEMs including operating leases; Non-risk ratio of 79% as at reporting date 31 December 2021; Sources: Annual Report 2021; Company Data

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WACHSTUMSWILLE

PERFORMANCE & PROFESSIONALISM

STOCK LISTED COMPANY COMBINED WITH FAMILY OPERATED BUSINESS

THE ADAPTABILITY & FLEXIBILITY OF THE SIXT BUSINESS MODEL HAS PROVEN ITSELF IN TIMES OF CRISES

SIXT COMPANY PERFORMANCE 2019 VS 2021

2019 2020 2021

¹EBT Margin = EBT / Group Operating Revenue, 2019 numbers are adjusted for the sale of Sixt Leasing SE Source: Sixt Annual Reports; Euromonitor

ONE PLATFORM:

REPOSITIONED SIXT AS INTEGRATED MOBILITY PROVIDER

STRONGER TOGETHER: COVID-19, LOCKDOWNS & RECOVERY PHASE

NOW OR NEVER THE ATTACK YEAR

2022

EXPECT BETTER

THE YEAR OF MAKING OUR PRODUCTS EASY AND EXCITING

TODAY – March 22

SIXT share price (EUR)

STRATEGY 2022

THE SIXT STRATEGY

THE SIXT STRATEGY

SIXT HAS BEEN THE FASTEST GROWING BRAND AMONGST TOP RENTAL CAR PLAYERS 2017-2022

THE SIXT STRATEGY

SIXT OFFERS A MULTI PRODUCT MOBILITY PLATFORM THAT IS INTEGRATED ALONG THE VALUE CHAIN

2. ONE PREMIUM PRODUCT PLATFORM

ONE PREMIUM 1. DEMAND PLATFORM

3. ONE PREMIUM SERVICE PLATFORM

4. ONE PREMIUM FLEET PLATFORM

5. ONE PREMIUM TECH PLATFORM

1 ONE PREMIUM DEMAND PLATFORM

2 ONE PREMIUM PRODUCT PLATFORM

ONE PREMIUM PRODUCT PLATFORM

• Car Subscription Business
• Launched in 2020, now available in all
• Corporate Countries
• Flexible all-incl. offering
• Stable monthly cashflows for Sixt

• Light Commercial Vehicle Rental
• Division launched in 2021

• 900 branches

• Short- and Long-Term Car Rental

  • 240,000 vehicles

  • 2,100 branches

  • Completely digital rental process via the SIXT App

• carsharing
• High share of electrification – >70% battery electric vehicles

• 2.5 million trips in 2021

• Ride Hailing and Event Service Business

• Currently available in more than 400 cities in 50 countries worldwide

• 2,500 partners

• 5 million drivers

• Last Mile Micro Mobility: Scooter & Bikes

• 300k scooter journeys

FROM LONG-TERM MOBILITY

YEARS MINUTES

Asset Ownership Asset heavy KEY COMPETITORS Finn, VW Auto Abo, CARE by Volvo

Asset Ownership Asset heavy KEY COMPETITORS Northgate, Europcar

Asset Ownership Asset heavy KEY COMPETITORS Enterprise, Avis, Europcar, Hertz

Asset Ownership Asset heavy KEY COMPETITORS Miles, ShareNow

Asset Ownership Asset light KEY COMPETITORS Uber, Lyft

Asset Ownership Asset light KEY COMPETITORS Bird, Lime

SHORT-TERM

MOBILITY

TO

ONE PREMIUM SERVICE PLATFORM

OUR FRONTLINE HEROES MAKE THE DIFFERENCE

Premium Service @ BRANCH

Premium Service @ SERVICE CENTERS

Premium appearance by implementing NEW branch concept

Premium service by our ~5,000 branch employees with customer excitement reflected in their compensation

New contactless digital checkout experience Sixt Xpress for a frictionless checkout

Guarantee high service levels

Increase self-service share by automation

Premium service quality by >1,000 service agents

4 ONE PREMIUM FLEET PLATFORM

ENTERING 2022 WITH A FLEET ON 2019 LEVEL

Q4/21 AVERAGE ~139,000 VEHICLES IN CORPORATE COUNTRIES

Premium share of 57%¹

AVERAGE FLEET SIZE PER QUARTER [thousand]

Our balance sheet consists of ~87% of earning assets – our vehicles – and working capital

We hold our fleet for a short time – 6 months average holding period

Example Germany

Growth 12/2020 vs. 12/2021

4 ONE PREMIUM FLEET PLATFORM

STRATEGIC PROGRAMME ON ELECTRIC MOBILITY PLACES SIXT INTO FRONT RUNNER POSITION

E-MOBILITY EVIDENCE AND AMBITIONS SIXT'S STRATEGIC PROGRAMME

70% BEV share until 2030

50% BEV share until 2030

From 2025 onwards only electrified models launched

70% BEV share in Europe until 2030

Further increase share of electric and hybrid vehicles

Rapid roll-out of charging infrastructure in SIXT branches

Strategic partnerships with innovation leaders

THE SIXT STRATEGY

UNTIL THE PANDEMIC HIT PRIVATE CAR AND RENTAL MARKET SIZES CONTINUE TO RISE WHILE MORE SHARED MOBILITY PROVIDERS EMERGED 130 EUR bn

Source: Press releases, SEC filings, own estimates; exchange rate for 2019: EUR/USD 0,891 (finanzen.net)

OWN NETWORK PRESENCE IN LARGE MARKETS & LOW-RISK FRANCHISE MODEL IN SMALLER ONES

>100 Countries >2,100 Branches

• o 12 Corporate Countries Sixt acting at own risk: DE, US, CA, ES, UK, FR, IT, BE, NL, LU, AT, CH, MC
• o Big rental markets with a rather low economic and political risk operated asset heavy
• o Franchise in ~100 smaller rental markets
• o Asset light commission-based model with very limited risks for Sixt

Corporate Franchise

WINNING MARKET SHARE THROUGH INTER-NATIONALISATION AND SCALING OF PRODUCTS

• o Defend market leadership in Europe
• o Dramatically scale US business
• o Asset-light, low-risk growth in Franchise markets, especially 2021 added Australia

• o Grow Van & Truck business focusing on core markets DE, France, and UK
• o Grow SIXT+ Subscription
• o Grow Sixt share and launch new city
• o Increase Ride offering to additional cities

ALONG WITH COST MEASURES EXPECTED TO REACH 2022 EBT OF EUR 380 m – EUR 480 m

SNAPSHOT EUROPE: SUBSTANTIAL MARKET SHARE GAIN OF >6PP IN 2021 VS. 2019

MARKET SHARES 2005 to 2021

MARKET SHARE GROWTH IN EUROPE 2021 vs. 2019³

¹Figures 2005-2014 according to Jefferies (Research Report as of 1 April 2020) and figures 2015-2019 according to J.P. Morgan; ²Sixt European Corporate Countries including Germany, excluding Lux and Monaco; ³Market shares according to Euromonitor and own estimates

SNAPSHOT USA: SIGNIFICANT GROWTH IN THE WORLDS LARGEST CAR RENTAL MARKET

AIRPORTS

COUNTRIES

SIXT NORTH AMERICA NETWORK IS CONSTANTLY GROWING

~100 US LOCATIONS

thereof 35 AIRPORTS

~2 CA LOCATIONS

SIXT US AIRPORTS

• o 2 new airport locations in 2022
• o 28 of the top 30 airports
• o 15.6% brand market share at Miami Airport in November 2021
• o Newark Airport market share reached 9.4% in December 2021

THE SIXT STRATEGY

SIXT TECH AS THE ENABLER FOR GROWTH AND EFFICIENCY

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TECH PROVES TO REALISE IMMEDIATE MARGIN IMPACT

THE SIXT STRATEGY

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SIXT IS A PEOPLE BUSINESS BASED ON TRUST AND STRONG CONTRIBUTIONS

WE BUILD A TRUSTED & DIVERSE ORANGE TEAM

2020 2021 2022E ~1,200 ~2,100 ~2,500 New joiners [HC, year end] Tech Ops

Personnel structure [%] Average age [years] Years with SIXT 11.0 10.5 8.5 7.0 45 55 WOMEN MEN ALL LEADERSHIP (GRADE 13+) BOARD BOARD -1 BOARD -2 BRANCH MANAGERS 34.7 42.0

WE INVEST IN OUR WORKFORCE WE AIM TO ENABLE & ENGAGE OUR PEOPLE

CREATING A CULTURE OF PERFORMANCE, GROWTH, INNOVATION AND APPRECIATION

ENVIRONMENTAL SUSTAINABILITY: SIXT OFFERS THE NEW SUSTAINABLE FORM OF INDIVIDUAL MOBILITY

	FROM INDIVIDUAL MOBILITY One or more cars	per owner SIXT	TO SHARED MOBILITY mobility offerings
HIGHER INDIVIDUAL CAR OWNERSHIP	NUMBER OF CARS THROUGH	CARS	LOWER	NUMBER OF CARS THOUGH SIXT MOBILITY OFFERINGS
LOWER INDIVIDUAL USE	UTILISATION BECAUSE OF	UTILISATION	HIGHER	UTILISATION BECAUSE OF USE BY MULTIPLE CUSTOMERS
ON AVARAGE INEFFFICIENT TECHNOLOGY	RATHER AGED CO2-	TECHNOLOGY	NEWEST	AND MOST CO2-EFFICIENT TECHNOLOGY
INDIVIDUAL PARKING	A LOT OF PUBLIC SPACE NEEDED FOR	PUBLIC SPACE	LESS	PUBLIC SPACE NEEDED THROUGH SHARED PARKING

AMBITIOUS AND SPECIFIC SUSTAINABILITY TARGETS FOR SIXT'S EUROPEAN OPERATIONS

SOCIAL RESPONSIBILITY AS A GOOD CORPORATE CITIZEN

Spotlight Social IMPACT: THE REGINE SIXT CHILDREN'S AID FOUNDATION

For over 20 years the REGINE SIXT CHILDREN'S AID FOUNDATION - DRYING LITTLE TEARS has been supporting projects for children in the areas of education, welfare, health and emergency aid.

220 projects in over 55 countries – 21 projects alone in 2021.

Emergency aid for Ukrainian children in times of crisis:

• Cooperation with project partners for immediate assistance at boarders
• Support of integration of refugee children at temporary destination
• Equipment and furnishing of orphanages for Ukrainian children

All activities strongly supported by SIXT employees using their 'Drying Little Tears Day' –a day for social activities towards children, available to every SIXT employee once a year.

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SIXT CONTRIBUTES A COMPARABLY HIGH INCOME TAX RATE AS A GOOD CORPORATE CITIZEN

ETR - Effective tax rate 2019

THE SIXT STRATEGY

WE WILL KEEP OUR STRATEGY GOING FORWARD, A STRATEGY THAT BROUGHT US…

LOW VOLUME HIGH PRICE HIGH TECH HIGH SERVICE LOW M&A HIGH VOLUME LOW PRICE LOW TECH LOW SERVICE HIGH M&A

PEER GROUP¹

¹of top 4 listed car rental companies; ²Financial data based on annual reports of Sixt and competitors; ³Based on USD/EUR exchange rate as of 31.12.2021

HIGHEST MARGIN AND GROWTH RATES IN THE RENTAL SECTOR – DIGITAL PLATFORM STILL NOT FULLY VALUED

RELIABLE DIVIDEND OVER THE YEARS

PERFORMANCE REVIEW & FINANCIAL TRACK RECORD

FINANCIAL PERFORMANCE

Profitability above pre-covid level

FINANCIAL STABILITY

Conservative financial management with low-risk balance sheet and high equity share

FINANCIAL LIQUIDITY

Well-balanced financing mix and high availability of liquid funds to grow the business

CONSOLIDATED PROFIT PUSHED BY STRONG REVENUE GROWTH 2021 VS. 2020

RESULTS BRIDGE 2020 TO 2021 [EUR m]

FY 2021 PROFIT SIGNIFICANTLY ABOVE PRE-PANDEMIC LEVELS - DRIVEN BY DEMAND RECOVERY AND GOOD COST DISCIPLINE

GROUP REVENUE [EUR m]

CORPORATE EBITDA MOBILITY [EUR m]

FY 2021 SEGMENT UPDATE: PROFITABILITY ABOVE PRE-COVID LEVEL IN ALL REGIONS

OPERATING REVENUE¹ [EURm]

CORPORATE EBITDA [EURm]

¹Share of Group operating revenue generated in the respective regional segments (Germany, Europe (excl. Germany) and North America) ⁴⁶

HIGH EQUITY RATIO AND LOW NET FINANCIAL DEBT

EQUITY RATIO [%] NET FINANCIAL DEBT [EUR bn]

DYNAMIC LEVERAGE RATIO [x]

86% OF THE BALANCE SHEET COMPRISE EARNING ASSETS

WELL-BALANCED FINANCING MIX

50% 6% 44% Bonds Borrower's note loans Utilisation of bilateral credit lines 1,614 EUR m o Senior unsecured² financing instruments o Vehicles unpledged o Main issuing entity: Sixt SE

MIX OF FINANCING INSTRUMENTS¹[%]

MATURITY PROFILE¹[EUR m]

¹Financial liabilities as of 31 December 2021; Repayment amounts excluding accrued and in future payable interest; Lease liabilities resulting from leases recognised in accordance with IFRS 16 are not included; ²EUR 66 million longterm real estate financing are secured by mortgages

Hence no structural

subordination

WHY INVEST IN SIXT?

GLOBAL MEGA BRAND – Sixt established a brand with enormous brand awareness and brand value using a unique marketing approach, combining best of both worlds offline and online

PREMIUM MOBILITY PLATFORM – Sixt has a scalable, variable & diversified business model with a wide range of integrated mobility products which allows for quick adaption and a favourable risk profile

PROFITABLE EXPANSION WORLDWIDE – Sixt is the most profitable stock listed player in the sector with continued market share gains in Europe and the US over the last decades

EFFICIENCY FROM DIGITALISATION – Sixt has a competitive and state-of-the-art inhouse-developed IT platform as enabler for efficiency and future growth

RESPONSIBLE ENTREPRENEURSHIP – Sixt is a holistically responsible company taking care of its customer and people alike offering a new sustainable form of individual mobility

FINANCIAL INDEPENDENCE & PERFORMANCE – Sixt has a balance sheet in excellent shape, superior margins, strong growth pattern and high level of digitalisation

SHARED

(E-)MOBILITY

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