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For and for All ONE STRATEGY ALL FOR AND FOR ALL SIXT SE INVESTOR PRESENTATION MAY 2021 1 This presentation (together with the presenters’ further discussions of the Company with any of Presentation contains summary information only speeches and any other related verbal or written the recipients thereof shall, under any and does not purport to be comprehensive and is communications the “Presentation”) contains circumstances, create any implication that there not intended to be (and should not be used as) forward-looking statements relating to the has been no change in the affairs of the the basis of any analysis or other evaluation. In business, financial performance and results of Company since such date. Consequently, the addition, the information in the Presentation is Sixt SE (together with its subsidiaries, the Company does not undertake any obligation to subject to change. No representation or warranty “Company”) and/or the industry in which the review, update or confirm expectations or (express or implied) is made as to, and no Company operates. Forward-looking statements estimates or to release publicly any revisions to reliance should be placed on, any information, concern future circumstances and results and any forward-looking statements to reflect events including projections, estimates, targets and other statements that are not historical facts, that occur or circumstances that arise in relation opinions, contained herein, and no liability sometimes identified by the words “believes,” to the content of the Presentation. Furthermore, whatsoever is accepted as to any errors, “expects,” “predicts,” “intends,” “projects,” “plans,” a totally different performance can ensue from an omissions or misstatements contained herein. “estimates,” “aims,” “foresees,” “anticipates,” unexpected slump in demand or economic Due to rounding it is possible that figures may “targets,” and similar expressions. Forward- stagnation in our key markets. The actual not add up exactly and that half or full year looking statements, including assumptions, development can differ materially from the figures do not correspond to added quarterly opinions and views of the Company or cited from forecasts made in this Presentation, in case one figures. For the same reason, percentages may DISCLAIMER third party sources, are solely opinions and of the aforementioned risks or other risks not not exactly match absolute numbers they forecasts which are uncertain and subject to mentioned here should materialize and/or the correspond to. risks. Actual events may differ significantly from assumption on which we have based our any anticipated development due to a number of forecasts and prospects turn out to be wrong. The Presentation does not constitute or form part factors, including without limitation, changes in of, and should not be construed as, an offer, general economic conditions, in particular in the Certain industry and market information in the solicitation or invitation to subscribe for, Company’s target markets and changes in Presentation and/or related materials has been underwrite or otherwise acquire, any securities of competition levels. The Company does not obtained by the Company from third party the Company nor should it or any part of it form guarantee that the assumptions underlying sources. The Company has not independently the basis of, or be relied on in connection with, forward-looking statements are free from errors verified such information and neither the any contract to purchase or subscribe for any nor does it accept any responsibility for the future Company nor any of its directors provides any securities of the Company, nor shall it or any part accuracy of opinions or any obligation to update assurance as to the accuracy, fairness or of it form the basis of or be relied on in the statements in the Presentation to reflect completeness of such information or opinions connection with any other investment subsequent events. Forward-looking statements contained in this document and neither the whatsoever. are made only as of the date of the Presentation. Company nor any of its directors takes any Neither the delivery of the Presentation nor any responsibility for such information. This 2 We don‘t want to be the largest mobility player on the planet, but the most profitable one, thereby creating above average returns for our stakeholders. ERICH SIXT 3 SIXT share price development 1960s 2008 one of the first car-leasing 1976 1986 SIXT is the first car rental 2015 2020 companies is created by Regine Sixt joins the initial public offering of company in the world that 2011 SIXT leasing initial public SIXT sells its stake in Sixt Erich Sixt the company SIXT AG enables booking via iPhone SIXT enters the USA offering Leasing for EUR 163 m 1970 1977 1990 2009 June 9th 2011 2019 SIXT adds vans and the company has SIXT is Germanys biggest Alexander and foundation of DriveNow – ONE Launch: SIXT trucks to the fleet branches at every major car rental with more than Konstantin SIXT join a joint venture with BMW becomes an integrated German airport 1,500 employees and over the family business mobility service provider 1,000 branches 4 EXPERIENCE & CONTINUITY TECH THROUGH FAMILY OWNERSHIP SIXT MANAGEMENT TEAM years with SIXT James Klaus Adams Kolitz President eCommerce & CTO 54 Revenue Mgmt. fo rm e r fo rm e r Erich Sixt booking.com & T riv a g o CEO – future Chairman of the Supervisory Board rentalcars.com OPERATIONS 16 12 17 3 1 Konstantin Alexander Nico Jörg Daniel Sixt Sixt Gabriel Bremer Marasch Designated Co -CEOs COO CFO V A N & TRUCK 13 31 13 VOTING RIGHT DISTRIBUTION % Estanislao Dirk Michael de Mata Hünten Meissner EVP SIXT Spain VP Region South President & COO S IX T U S A 58.3% COMBINING LONG TERM SIXT FAMILY OPERATIONAL EXPERIENCE WITH PUBLIC INNOVATIVE DIGITAL KNOW-HOW 5 Source: Annual Report 2020 OUR VISION: EXCITE OUR CUSTOMERS WITH THE FREEDOM OF GLOBAL MOBILITY WITHOUT OWNING A CAR FACTS ABOUT DEVELOPMENT OF CAR OWNERSHIP DEVELOPMENT OF RELEVANT MOBILITY MARKETS LIKELY TO PUSH RENTAL AND SUBSCRIPTION BUSINESS 2030 41% of global car owners 2025 reconsider ownership 2021 >20% of consumers in countries like USA and Germany rate flexibility and >15% rate all-in rates very high” >20% of consumers in countries like USA, Germany or China are interested or very interested in car subscriptions USD ~65 bn USD ~510 bn USD ~6,700 bn of US and German citizens are RENTAL CAR RENTAL, TOTAL MARKET >50% MARKET RIDE HAILING, TAXI INCL. PRIVATE CARS willing to pay a premium for the flexibility & CAR SHARING UNLIMITED SCALABILITY IN A USD 6,700 BN MARKET 6 Source: Market Sizes: McKinsey & Company: Automotive revolution – perspective towards 2030, Statista.com; Facts: Deloitte: Automotive Study 2021, Arthur D. Little: The Future of Automotive Mobility (Feb 2021) SIXT’S BUSINESS MODEL: SCALABLE, VARIABLE, FINANCIALLY SOLID, DIVERSIFIED ONE APP 21% 47% ONE -3 months 6 MONTHS AVERAGE +3 months PRODUCT HOLDING PERIOD 32% PORTFOLIO VARIABLE PLATFORM COST BASE ONE FLEET LARGE SIXT VEHICLE POOL SCALABILITY VARIABILITY Fleet (e.g. depreciation, vehicle insurance, repair) State-of-the art technology About 80% of our cost base Variable (e.g. provisions, sales and marketing) platform and large vehicle is variable as we can extend ONE Fixed (e.g. personnel and other overhead costs) TECHNOLOGY PLATFORM TECHNOLOGY platform allow us to scale or shorten our vehicle PLATFORM our business fast holding periods 94% Share of Buyback FINANCIALLY 2020 Airport 1 DIVERSIFIED Agreements with OEMs REVENUE 39% Downtown & SOLID A diversified customer SPLIT Railway and location mix [%] 61% Platform model for non-core We have a risk-averse and minimize our market products financially solid business risks model building on a high equity ratio CUSTOMER 63 Equity ratio of 31.5% 58 62 62 MIX 51 55 [%] Corporate 40 36 34 Mainly fleet debt: 100% of net 31 32 30 Retail debt used for fleet assets Others 9 9 8 7 6 7 7 1 buyback agreements include operating leases Source: Annual Report 2020 and previous years 2014 2015 2016 2017 2018 2019 GROUP REVENUE EUR m GROUP EBT EUR m 4000 400 337 3,306 350 300 SIXT HAS A STRONG 3000 +106% +2,132% 250 LONG-TERM 200 150 GROWTH STORY 2000 100 PRIOR TO COVID-19 50 1000 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 THE COMPANY HAS DOUBLED ITS 1700% 20% REVENUE BETWEEN 1500% OUTPERFORMING 1300% THE COMPETITION 2009 AND 2019, AT 1100% 12.4 THE SAME TIME 900% 10% 700% INCREASING 500% PROFITABILITY BY 300% 100% >2,000% 0% -100% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 SHARE PRICE %1 OP. EBT MARGIN % 2 8 2018 Group EBT without one-off effect of DriveNow sale; Total EBT sums up to EUR 535m Source: Annual Reports Sixt ; 1 Bloomberg, development of share price based on values as of 4th Jan 2010 and IPO of Europcar 2 Represented as operating return on revenue. From 2017 to 2019 numbers are adjusted for the sale of Sixt Leasing SE CONSISTENT LONG-TERM REVENUE GROWTH AND MARGINS – QUICK ADAPTABILITY IN TIMES OF CRISIS FLEET LEVEL DURING CORONA EBT MARGIN DURING PANDEMIC 2019-2021 COVID-19 RECESSION GROUP REVENUE GROWTH YoY [in %] [Fleet % Change YoY] [EBT Margin in %] 21.3% 14.4% 12.6%12.8% 10.7% 8.7% 7.9% 3.6% Nov. Jan. März Mai Juli Sept. Nov. Jan. 1.7% 2.0% 2019 2020 2021 -1.1% -4.0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 -7.1% 1 OPERATING EBT MARGIN [in %] -52.2% Target-Margin of 10% 12.4%12.4% Q1 20 Q2 20 Q3 20 Q4 20 10.1% 10.3%10.3% 9.1% 9.5% 9.6% 8.3% 7.7% WAVE 1 WAVE 2 Loosening Fleet Rental Days Restrictions 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 9 Source: Sixt Annual Reports 1 EBT Margin = EBT / Group Operating Revenue, From 2017 to 2019 numbers are adjusted for the sale of Sixt Leasing SE SNAPSHOT 2020: STRONG COST MEASURES TO RESPOND TO COVID-19 CRISIS COST AND LIQUIDITY MEASURES GROWTH INITIATIVES SELECTED MEASURES Cost savings program [EUR m] GROWTH INITIATIVES ▪ Financing secured: EUR 1.5 bn -344 GOAL OF ▪ USA airport expansion with acquisition of 10 strategically syndicated loan (incl.
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