CORPORATE PRESENTATION Sustainable Mobility Is One of the Greatest Challenges Facing Society Today

February 2021 www.caf.net

CORPORATE PRESENTATION Sustainable mobility is one of the greatest challenges facing society today. High-capacity transport systems are needed that provide high levels of comfort for passengers and at the same time are environmentally friendly.

2 CONTENTS

• 01 CAF IN FIGURES 05 • 02 HISTORY 07 • 03 CAF TODAY 09 • 04 PRODUCTS AND SERVICES 11 • 05 CAF GROUP 21 • 06 WORLDWIDE PRESENCE 22 • 07 ESG 23

3 CAF is an international leader in designing and building integrated mobility systems. CAF has a large portfolio of products and services including: system design, civil works, signalling, other electromechanical systems, services, supply of rolling stock and system operation.

4 CORPORATE PRESENTATION 01/ CAF IN FIGURES

BACKLOG TURNOVER NEW ORDERS IN ORDERS / TURNOVER Data at 31/12/2020 8,807 2,762 THE YEAR RATIO 2,123 0.8

. Significant order intake despite the slowing down of contract awarding processes EBITDA NET PROFIT . Strong recovery of business and results in the second half of the financial year 201 10 . Financial strength . In a year affected by Covid-19

TURNOVER BACKLOG NFD NFD/EBITDA 311 1.5

MARKET CAPITALISATION International International € 1,345,519,437 Total Total

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 5 CORPORATE PRESENTATION 01/ CAF IN FIGURES

SALES PROFIT STOCK MARKET INDICATORS

Geographical breakdown 2016 2017 2018 2019 2020 Ebitda 135 180 201 244* 201** Ebitda margin 10 12 10 9* 7** Attributable net profit 35 42 43 63* 10**

* Adjusted ** Affected by Covid‐19

INVESTMENTS 2016 2017 2018 2019 2020 CAPEX 38 72 94 77 49

CAPITAL STRUCTURE

NET ASSET VALUE (Million Euros)

Breakdown by business area 2016 2017 2018 2019 2020 771 750 752 745 644 2016 2017 2018 2019 2020 NET FINANCIAL DEBT (Million Euros) Pay-out ratio 56,8% 53,5% 60,3% 117% 0* Dividend per share 0,580 0,660 0,765 0.842 0* Market cap. 1313 1172 1241 1406 1346

* Subject to approval by the General Meeting of Shareholders

01 CAF in figures 02 History03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 6 CORPORATE PRESENTATION 02/ HISTORY

1861 - 2019 From railways to mobility

More than a century of progress with a clear focus on:

ꞏ Technological development ꞏ Geographical diversification ꞏ Implementation of a business model to make the company a global player in mobility ꞏ Greater added value

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 7 CORPORATE PRESENTATION 02/ HISTORY

Technological capabilities / New business development

Focus on in- New business First concession. New business Stronger position in house generation on Entry into the generation on the bus business. technology. critical systems. integrated systems critical systems. European leader in Continuous business. sustainable urban technological Catenary free tram. buses. development. Key development in 2013 sustainable urban Fully automated mobility. metro systems for Acquisitions 2004 2009 2007 Helsinki and Delivery of first Launch of CAF’s first Santiago de Chile variable-gauge URBOS 1892 2002 concession: the 2011 2013 2016 2018 dual-voltage catenary- Beasain: Former ironworks, Inauguration of the Suburban Railway Launch of First reference to World’s longest and Expansion of product range high-speed train free tram reconverted into industrial Integrated Railway System of Mexico OARIS CIVITY, the commuter largest capacity tram through the acquisition of Polish for Renfe workshops for wagon repair Technology Centre (Seville (350km/h High and regional rail (Budapest) bus manufacturer Solaris and assembly tramway) Speed Train) platform

Early 90s 2006 1917 2010 2012 2014 2017 2019 Shareholder consolidation. Cartera First train fitted with CAF Incorporation of Foundation of Vectia. Shift2Rail EU Joint Acquisition of BWB and Extension of services Social and local savings banks provide traction equipment CAF S.A. CAF Signalling Sustainable Undertaking Rifer through the acquisition of support to CAF’s project. Start of scalable launched. CAF is one “Compañía Auxiliar internationalisation process. 2008 2010 EuroMaint de Ferrocarriles, First 100% low floor tram Leasing contracts in urban bus. of the eight founding S.A.” (Seville) - light metro Brazil and Mexico members. Market diversification in rail Shareholder consolidation services business and beginning of Project financing internationalisation process Diversification in services

Internationalisation

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 8 CORPORATE PRESENTATION 03/ CAF TODAY

An international leader in collective transport systems and mobility solutions

More than a century dedicated exclusively to providing customised solutions for administrations and transport operators worldwide means that we can offer one of the widest ranges of collective transport vehicles, and makes us a reference in the implementation of integrated transport systems.

Systems adapted to each territory and every need, because better mobility means greater development for countries and a better quality of life for people.

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 9 CORPORATE PRESENTATION 03/ CAF TODAY

An international leader in collective transport systems and mobility solutions

Other electromechanical systems

Collective transport vehicles CAF PRODUCTS AND SERVICES: Electrification

Information and 1- RAILWAY VEHICLES Signalling 2- BUSES communication systems 3- SERVICES Digital services 4- SIGNALLING Operation 5- COMPONENTS 6- INTEGRATED TRANSPORT SYSTEMS

Civil works

Maintenance

01 CAF in figures 02 History 03 CAF today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 10 CORPORATE PRESENTATION 04/ PRODUCTS AND SERVICES

4.1- A wide range of railway vehicles

CAF designs, manufactures and maintains all types of railway vehicles equipped with state-of-the-art technology to ensure safety, performance and comfort.

High energy-efficient vehicles that ensure maximum reliability throughout their life cycle.

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 11 CORPORATE PRESENTATION 04/ PRODUCTS AND SERVICES

4.1- A wide range of railway vehicles

OARIS CIVITY INNEO URBOS BITRAC HIGH SPEED TRAINS REGIONAL AND METROS TRAMWAYS LOCOMOTIVES COMMUTER TRAINS

CAF boasts extensive experience CAF manufactures electric and diesel This include steel and pneumatic Urbos is the name of CAF’s range of Bitrac is CAF’s range of electric and in the manufacture and maintenance of trains for regional and commuter wheel units. CAF has built several trams and light metros. These diesel‐electric locomotives that high speed trains (250 km/h). services. These include EMUs, DMUs, metro projects designed to operate modern, low‐floor trams make it conforms to the most exacting It has also developed a family of very push‐pull trains and passenger cars. according to varying levels of easier for passengers to board and requirements of passenger and high‐speed trains called Oaris that can automation, including fully driverless alight. freight transport operators. reach up to 350 km/h. operation (GoA 4).

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 12 CORPORATE PRESENTATION 04/ PRODUCTS AND SERVICES

4.2- Buses

Through its subsidiary Solaris, the CAF Group incorporates a wide range of buses into its catalogue of mobility solutions.

In this way, CAF is able to respond more efficiently to the needs of its urban customers, particularly in the area of electric mobility and multimodal door-to-door transport services.

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 13 CORPORATE PRESENTATION 04/ PRODUCTS AND SERVICES

4.2- Buses

CONVENTIONAL LOW EMISSIONS ZERO EMISSIONS

URBINO & URBINO LOW ENTRY INTERURBINO URBINO HYBRID URBINO CNG URBINO ELECTRIC URBINO HYDROGEN TROLLINO

Urban, suburban and Designed for intercity This solution reduces the Urbino low-floor buses are Exceptionally quiet, Solaris Urbino 12 Family of low-floor intercity buses that bus services. The fuel consumption of buses also available in vehicles emission-free buses, hydrogen is a emission- trolleybuses. These combine stylish design, InterUrbino model can also by an average of 20% driven with Compressed distinguished by their free urban bus, powered vehicles stand out for their reliable solutions, be adapted for use as to 30% compared to diesel- Natural Gas (CNG). This modern design by hydrogen fuel cell. low noise levels guaranteed safety and school buses. fuelled vehicles. makes it possible to and guaranteed low running and emission-free eco-friendliness. substantially reduce costs. Multiple charging operation. the emission of harmful systems: plug-in, induction substances. and opportunity charging (pantograph).

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 14 CORPORATE PRESENTATION 04/ PRODUCTS AND SERVICES

Leader in sustainable urban mobility

The growing number of routes in urban hubs and increased atmospheric E-MOBILITY LINE BUSES AND URBOS TRAMWAYS pollution have made sustainable public EQUIPPED WITH CAF'S GREENTECH TECHNOLOGY transport a necessity. ARE THE BEST EXAMPLES OF THIS PHILOSOPHY. - Catenary-free operation CAF systems are efficient and - Reduced investment in infrastructure competitive, with great potential to - Optimal energy consumption reduce the environmental impact and - Reduced visual impact improve the quality of life of citizens.

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 15 CORPORATE PRESENTATION 04/ PRODUCTS AND SERVICES

4.3- Services

A wide range of railway services that aims to achieve optimal reliability and availability standards, reduce maintenance costs, extend the vehicles’ life 4.3.1 MAINTENANCE 4.3.2 REFURBISHMENT 4.3.3 SPARE PARTS AND cycle and optimise the safety/cost & MODERNISATION WORKSHOP EQUIPMENT ratio.

4.3.4 CONSULTANCY & 4.3.5 PROJECT 4.3.6 DIGITAL TECHNICAL SUPPORT FINANCE SERVICES

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 16 CORPORATE PRESENTATION 04/ PRODUCTS AND SERVICES

4.3- Services. The technology easing the way to future mobility

LeadMind is one of CAF’s most innovative services: a platform that monitors, stores and interprets data transmitted by the rolling stock, the operator and infrastructure. It turns this data into information in addition to guaranteeing security, optimising costs and providing different services for the operator.

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 17 CORPORATE PRESENTATION 04/ PRODUCTS AND SERVICES

4.4- Signalling solutions

Trackside and onboard signalling systems:

• ERTMS: Level 1 and 2 • Urban signalling solutions (metro and tramway) • Electronic interlocking • Integrated control centres

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 18 CORPORATE PRESENTATION 04/ PRODUCTS AND SERVICES

4.5- Components. Wheel sets and traction equipment. Control systems.

CAF has more than 80 years’ experience in the design, manufacture and sale of wheel sets, wheels, axles, gear units, couplers and traction equipment for the rail market.

This extensive range of equipment and components is designed not only CAF’s own rolling stock but also for the needs and requirements of many railway authorities and other rolling stock manufacturers.

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 19 CORPORATE PRESENTATION 04/ PRODUCTS AND SERVICES

4.6- Integrated systems

CAF’s knowledge and experience in the railway sector has enabled it to develop • Algiers Metro, Algeria • Parramatta Tramway, Australia complex integrated transport systems. In • Liège Tramway, Belgium addition to the supply of rolling stock, the • CPTM PPP 5000 Line 8, Brazil company offers civil works, signalling • Delhi Airport Rail Link, India • Suburbano Mexico, Mexico and maintenance packages. • Zaragoza Tramway, Spain • Barcelona Metro, Spain CAF guarantees the integration and compatibility of • Seville Metro, Spain all the project subsystems to provide its customers • Kaohsiung Tramway, Taiwan with a sole, global solution, considerably reducing the risks associated with negotiations between various different suppliers.

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 20 CORPORATE PRESENTATION 05/

Being part of a large group makes everything possible

• CAF Signalling: signalling and power remote controls. • CAF Power & Automation: electric traction equipment, information and communications systems and software. • CAF Turnkey & Engineering: engineering, electrification and systems integration. CAF Group comprises over 100 • CAF Engineering Modernitations companies and more than 13,000 rehabilitation and modernization. employees worldwide dedicated to • CAF Investment Projects: financial services. the transport sector that together • Solaris Bus & Coach: offer a global mobility solution with urban and intercity buses. technology-related activities, • Euromaint: manufacturing, maintenance and railway maintenance services. • RL Components: other businesses. These include: OEM parts, railway components and workshop equipment. • CAF I+D: research and development of railway products and other activities. • Cetest: testing and comprehensive trial management. • Lander Simulation: simulation systems. • Geminys: integrated document management. • CAF DDS: railway engineering and additive manufacturing.

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 21 CORPORATE PRESENTATION 06/ WORLDWIDE PRESENCE

Railways: Industrial footprint in Spain, France, UK, USA, Brazil and Mexico Over 50 maintenance centres worldwide Over 125 projects in 39 countries valued at around €24bn

Buses: Industrial footprint in Poland European leader in the electric urban bus segment Buses sold to over 750 cities in 32 countries

01 CAF in figures 02 History 03 CAF Today 04 Products and Services 05 CAF Group 06 Worldwide presence 07 ESG 22 CORPORATE PRESENTATION RSC

Responsibility and Results and Excellence and Cooperation and CAF is pursuing its VALUES Honesty and integrity business targets, commitment perseverance learning teamwork promoting standards of Establishment of preventive measures to ensure strict compliance with existing regulations Scrupulous respect for fundamental rights conduct in its activities Monitoring of good governance practices PRINCIPLES OF Confidentiality and transparency that comply with its legal ACTION Responsible communication practices Compliance with fiscal responsibility obligations and respect Commitment to innovation and sustainability the group’s values and Commitment to the environment principles of action, Shareholders Customers CAF employees Suppliers Community

evenly reconciling its ꞏ Preserve and increase ꞏ Achieve the highest ꞏ Promote the professional ꞏ Ensure equal ꞏ Offer sustainable mobility the Company’s real value standards of quality and development of opportunities solutions and protect the mission with the ꞏ Ensure participation safety in products and employees ꞏ Foster responsible environment in all services practices among suppliers activities carried out ECONOMIC, ꞏ Equal treatment ꞏ Eliminate or reduce commitments held workplace risks ꞏ Develop initiatives that with different ENVIRONMENTAL ꞏ Respect diversity and contribute to the well- AND SOCIAL equal rights and being and development of stakeholders to ensure opportunities between the communities in which Development CAF’s of activities COMMITMENTS it operates TO men and women sustainable value ꞏ Encourage the inclusion STAKEHOLDERS of disabled people and creation. prevent discrimination

Communication channels CAF CSR benchmarks:

Appraisals by independent Participation in sector Commitment to Management system Disclosure standards third parties initiatives international initiatives

01 CAF in figures 02 History 03 CAF Today04 Products and Services 05 CAF Group 06 Worldwide Presence 07 ESG 23 WELL PREPARED, WITH AN ACUTE VISION… THIS IS OUR WAY OF LOOKING AT GLOBAL TRANSPORT. THIS IS OUR WAY OF DESIGNING, DEVELOPING, MANUFACTURING, INSTALLING AND INTEGRATING ALL THE PARTS THAT MAKE UP AN INTERCONNECTED MOBILITY SYSTEM. WE DO IT YOUR WAY, ADAPTING TO YOUR NEEDS AND PREFERENCES, MAKING IT SUSTAINABLE, SAFE AND COMFORTABLE FOR THE PEOPLE AND CITIES OF THE FUTURE ALL AROUND THE WORLD.