#1H1 2021 RESULTS SIX MONTHS ENDED 30th JUNE 2021 ELLER ASTON MARTIN LAGONDA#2Chief Executive Officer Tobias Moers ASTON MARTIN ASTON MARTIN CHELIN P LAG NDA TRENERE#3H1 2021 highlights 1 2 3 3 Significant improvement year-on-year, in-line with expectations Wholesales and revenue more than trebled to 2,901 and £499m Adjusted EBITDA £49m with 10% margin Operating as a luxury company GT/Sport rebalance completed in Q1, earlier than originally planned Good visibility for GT/Sport and DBX ● Excellent progress with Project Horizon Successfully launched two new vehicles All Aston Martins to have option of electrified powertrain by 2025/26 ● ● ● ● ● ● Launched class-leading configurator Leveraging Aston Martin Cognizant Formula One™ team Manufacturing efficiencies delivering improved performance Strengthened executive leadership team and Board* Employee survey shows strong pride in Aston Martin On track to create a world-class, performance oriented, ultra-luxury automaker * 38% Board members (executives and independent non-executives) are now female T&COACH 70 AMLI TH Rena aks HERBAL AMV 8 ASTON MARTIN LAGONDA#4ACTION M Chief Financial Officer Kenneth Gregor i SAFETY CAR ASTON MARTINE AP Wera ERABIonship TON ASTON MARTIN IP ™M NDA#5H1 2021 financial results Significant improvement on prior year Total Wholesales (Units) H1 2021 H1 2020 Revenues (£m) 5 H1 2021 H1 2020 Adjusted EBITDA (£m) 1 H1 2021 H1 2020 895 146 2,901 499 (89) 49 Adjusted Operating Loss (£m) H1 2021 H1 2020 Free Cash Flow (£m) H1 2021 H1 2020 Net Debt (£m) H1 2021 H1 2020 Note: Certain financial data within this presentation has been rounded; See Appendix for more detail on APMs; (1) Total wholesales are company sales to dealers (some Specials are direct to customers); (2) Operating cashflow less investing activities (excl. interest) and net cash interest; note cash interest payments are in Q2 and Q4 2 (146) 792 751 (371) (36) (44) ASTON MARTIN LAGONDA#6H1 2021 wholesales Supply to demand rebalance achieved, improved pricing Total wholesales: 2,901 By model (units YoY change) 1 SUV: 1,595 n.m. Other: 6 (60%) 6 Wholesale ASP (£k) O 124 121 H1 2020 Specials: 20 n.m. ■Core ■Total 156 150 H1 2021 Sport: 670 137% GT: 610 2% By geography 280 277% 1,056 Americas 275 UK 58% 434 TH1 2020 Note: Certain financial data within this presentation has been rounded; See Appendix for more detail on APMs; wholesales are company sales to dealers (1) Other consists of prior generation models; GT is DB11 + DBS; Sport is Vantage; SUV is DBX 214% 191 600 EMEA ex.UK TH1 2021 444% China 620% 149 APAC 811 Change by region wwwwwwwwwwwwwww ASTON MARTIN LAGONDA#7H1 2021 revenue Strong wholesales and pricing drive growth (£m) 7 146 ● H1 2020 Sale of vehicles Increased wholesales Increased ASP More specials 345 Sale of vehicles Sale of parts ● 2 Servicing of vehicles 2 Sale of parts and Servicing of vehicles Increased as dealers returned to more normal operations Note: Certain financial data within this presentation has been rounded; See Appendix for more detail on APMs (3) Brand and motorsport 3 499 ● H1 2021 Brand & motorsport Low race car sales, as expected ASTON MARTIN LAGONDA#8H1 2021 adjusted EBITDA £138m y-o-y increase; Q2 margin 12% ex. doubtful debt provision (£m) 1 n.m. H1 2020 Adj. EBITDA Margin 8 (89) 115 Wholesales & mix Wholesales & mix Volume: +2,006 units Specials: +19 units Cost efficiencies 25 Net pricing 2 2 Other gross margin Net pricing (9) Net operating expenses Benefit from decreased customer financing support and improved residual values 3 LO 5 FX 9.8% 49 H1 2021 Adj. EBITDA Net Opex Restructuring savings largely offset by non- repeat of furlough = £5m doubtful debt provision XXXXXXXX Note: Certain financial data within this presentation has been rounded; See Appendix for more detail on APMs 4 D&A ● PBT Analysis £m Adjusted EBITDA D&A Adjusted EBIT Net adjusted financing expense Adjusted PBT Adjusting items¹ PBT Increased due to expanded core portfolio and Specials 5 ● H1 2021 ● 48.8 (84.8) (36.0) (66.7) (102.7) 12.0 Net financing expenses £9m FX benefit (90.7) £14m adj. credit from FV movement of outstanding warrants H1 2020 (89.0) (56.5) (145.5) (68.1) (213.6) (13.8) (227.4) www.xx ASTON MARTIN LAGONDA#9H1 2021 free cash outflow Project Horizon working capital benefits (£m) 1 9 (91) PBT 1 136 Add back D&A/other non- cash PBT Reduced loss primarily due to increased revenue and improved profitability (3) Tax Paid 2 Add backs ● Key items include: 42 Cash generated after tax D&A £85m Net financing expense £53m 62 Working Capital 3 Working Capital Receivables £40m £9m Inventory Payables £6m Deposits £7m 4 (91) Investing Activities (excl. interest) Note: Certain financial data within this presentation has been rounded; See Appendix for more detail on APMs; (1) PBT after adjusting items of £12m (2) Operating cashflow less investing activities (excl. interest) and net cash interest (57) Net Interest Investing Activities Capex of £90m, aligned to cashflow & business plan deliverables 5 (44) ● 2 Free Cash Flow Net Interest Cash interest items: Interest paid £(58)m Interest received £1m ASTON MARTIN LAGONDA#10H1 2021 cash and net debt Improved cash position with additional liquidity raise (£m) 10 489 Cash balance 31-Dec-20 (44) Free Cash Flow 62 Cash inflow from financing activities, (2) Effect of ex. rates on cash and cash equivalents 506 Cash balance 30-June-21 1 £m Loan notes Inventory financing Bank loans and overdrafts Lease liabilities Gross debt Cash balance Cash not available for short-term use Net debt H1 2021 (1,041.6) (39.8) (118.0) (99.2) (1,298.6) 505.6 1.5 (791.5) FY 2020 (965.0) (38.2) (119.8) (103.0) (1,226.0) 489.4 9.9 (726.7) Note: Certain financial data within this presentation has been rounded; see Appendix for more detail on APMs; (1) excludes financing ASTON MARTIN LAGONDA interest; includes gross £77m bond issuance#11H1 trading as expected; full year guidance substantially unchanged¹ 2021 - uncertainty remains due to COVID-19 Wholesales 11 Adj. EBITDA margin Adjusted EBITDA expected to be heavily weighted to H2, particularly Q4, given timing of Specials D&A Interest expense Capex and R&D Medium term targets by 2024/25 Wholesales Revenue c. 6,000 Mid-teens % prior to £15m impact of legal action¹ Adj. EBITDA c. £255m - £265m² c.£135m³ c. £250m - £275m c. 10,000 c.£2bn c.£500m Note: Certain financial data within this presentation has been rounded; see Appendix for more detail on APMs. (1) Note: £15m EBITDA impact (£5m doubtful debt realised in Q2; £10m revenue impact in Q4; (2) D&A increased by £15m reflecting programme timing (3) c.£135m P&L charge (previously c. £145m) and c.£120m reflecting current exchange rates and FV of warrants ASTON MARTIN VANTAGE ASTON MARTIN LAGONDA#12Chief Executive Officer Tobias Moers ASTON MARTIN ASTON MARTIN CHELIN P LAG NDA TRENERE#13Project Horizon: delivering operational excellence, agility and efficiency throughout every aspect of the Company ■ I AM Aston Martin Organisational structure streamlined First steps in building performance driven culture underway Dynamic and innovative mindset perceptible throughout organisation Restructuring savings on track 13 Portfolio Strategy & Cycle Planning ▪ Sustainable product plan defined and aligned with market demand/business plan ■ Expansion of portfolio based on DBX and GT/Sports platform ▪ Iconic Aston Martin Valkyrie as the milestone to enter mid-engine market ▪ Electrified powertrain and upgraded infotainment in 2023/24 Bandy Go-to-Market ▪ F1TM engagement increases brand desirability with over 85 million viewers a race ■ ▪ Customer experience strengthened with launch of new configurator and focus on customer journey Network extension in Europe Rebalancing supply to demand successful Product ■ Product focus on improved margin per car and technical product competitiveness H F1TM engagement emphasises performance and drives innovation ▪ Restructuring of material costs; initial savings already secured Product Development Efficiency H ■ 20 148 19 121 Experienced external hires to lead powertrain and vehicle development Align to industry standard working practices to drive accountability ▪ Investment in leading edge PLM/ERP IT architecture ▪ Focused on significantly increasing productivity, through cross functional collaboration and digitalisation Operational Excellence New Chief Operating Officer is driving transformation ▪ Optimised operational footprint and efficiencies delivers significant annual savings (>30%) New production system driven by technology, digitalisation and efficient supply chain ▪ Strategic alignment to operational footprint I I wwwwwwwwwwwww.x ASTON MARTIN LAGONDA#14Project Horizon: portfolio strategy & cycle planning 14 Vantage F1® edition and V12 Speedster first of more than 10 new vehicles to launch by 2023 Aston Martin Valkyrie to lead the way for mid-engine programme from H2; Valkyrie AMR Pro to start deliveries in Q4 First DBX derivative on track for start of production in Q3 Reveal of Valhalla plug-in hybrid supercar - the first new generation Aston Martin KU70 ZBR ANLI wwwwwwwwwwwwwwwwwwwwwwwwwwwwww ASTON MARTIN LAGONDA#15Project Horizon: go-to-market 15 Aston Martin Cognizant Formula OneTM Team driving brand awareness; over 1.4bn social media impressions year-to- date Welcoming customers at race weekends; Silverstone used as platform to reveal Valhalla plug-in hybrid supercar Leadership team boosted further with new Heads of Marketing & Communications and Sales Operations & Network Development Start of a new era of customer experience with launch of new class-leading configurator in July P R ENGING BOD STARTSEIT N ASTON MARTIN LAGONDA#16Project Horizon: operational excellence > 16 Touches all aspects of the value chain, including logistics, materials and suppliers Revised efficient assembly concept for manufacturing Gaydon move to single line completed in April Paint shop and St Athan efficiencies live post summer break All sports manufacturing consolidated at Gaydon; including Aston Martin Valkyrie and V12 Speedster Actions delivering efficiencies in H1, particularly working capital, more building through H2 49% Reduction in rework resource ASTON MARTIN c. 90 Dow Lenovo Rhys Edward Fewer vehicles in manufacturing process wwwwwwwwwwwwwwwww ASTON MARTIN LAGONDA#17Creating a world-class ultra-luxury automaker 17 Customer focused product renewal • Two new products delivered, three more in H2 • Aston Martin Valkyrie production on track • Valhalla hybrid supercar revealed Operational excellence Excellent progress with Project Horizon transformation plan Manufacturing efficiencies improving performance at both plants Benefits to build through the year and into 2022 ● ● Path to positive free cash flow in 2023 • Revenue trebled and double-digit EBITDA margin Tight management of investment to align with cashflow Free cash outflow improvement of £326m year-on-year ● ● F AM 6200 20 Cognbant#18Appendix ASTON MARTIN#19Income Statement, Cash Flow and Net Debt £m Revenue Cost of sales Gross profit/(loss) (¹) Gross margin Operating expenses (¹) of which depreciation & amortisation Adj. operating loss Adj. operating loss margin Adjusting operating items Operating loss Net financing expense of which adjusting financing items Loss before tax Taxation Reported net income Adj. EBITDA Adj. EBITDA margin Adj. loss before tax Diluted EPS (pence)² Adjusted diluted EPS (pence)² 19 H1 2021 498.8 (355.5) 143.3 28.7% (179.3) 84.8 (36.0) n.m. (2.0) (38.0) (52.7) 14.0 (90.7) 19.6 (71.1) 48.8 9.8% (102.7) (63.3) (85.3) H1 2020 146.0 (148.8) (2.8) n.m. (142.7) 56.5 (145.5) n.m. (13.8) (159.3) (68.1) (227.4) 27.6 (199.8) (89.0) n.m. (213.6) (333.0) (316.0) £m Cash generated / (used) from operating activities Capital expenditure Net cash interest paid Free cash outflow Cash inflow from financing activities (excl. interest) Increase in net cash Effect of exchange rates on cash and cash equivalents Cash balance Loan notes Inventory financing Bank loans and overdrafts Lease liabilities Gross debt Cash balance Cash not available for ST use³ Net debt Note: See Appendix for more detail on APMs; (1) Excludes adjusting items; (2) H1 2021 EPS reflects 20:1 share consolidation completed in December 2020; (3) Cash not available for use, but included in leverage calculation H1 2021 103.8 (91.0) (57.1) (44.3) 62.4 18.1 (1.9) 505.6 (1,041.6) (39.8) (118.0) (99.2) (1,298.6) 505.6 1.5 (791.5) H1 2020 (179.4) (161.5) (29.7) (370.6) 628.6 258.0 (6.5) 359.4 (877.0) (19.5) (114.6) (110.0) (1,121.1) 359.4 10.7 (751.0) wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww ASTON MARTIN LAGONDA#20APM reconciliation and Adjusting items Income Statement reconciliation £m (Loss) for the year before tax Adjusting operating expenses Adjusting finance expenses Adjusted EBT Adjusted finance (income) Adjusted finance expense Adjusted EBIT Reported depreciation Reported amortisation Adjusted EBITDA 20 Note: See Appendix for more detail on APMs; H1 2021 (90.7) 2.0 (14.0) (102.7) (10.7) 77.4 (36.0) 28.8 56.0 48.8 H1 2020 (227.4) 13.8 (213.6) (1.6) 69.7 (145.5) 22.7 33.8 (89.0) H1 2021 Adjusting items £m Restructuring costs Site consolidation ERP implementation Adjusting operating items Gain on financial instruments recognised at FV through Income Statement Adjusted financing expenses Tax on adjusting items Total adjusting items Income Statement 0.5 (0.6) (1.9) (2.0) 14.0 14.0 13.3 25.3 wwwwwwwwwww. ASTON MARTIN LAGONDA#21EPS reconciliation Adjusted Earnings Per Ordinary Share (Loss) available for equity holders (£m) 21 Adjusting Items Adjusting items before tax (£m) Tax on adjusting items (£m) Adjusted Earnings (£m) Basic weighted average number of ordinary share (millions) Adjusted earning per ordinary shares (pence) Adjusted Diluted Earnings Per Ordinary Share Adjusted Earnings (£m) Diluted weighted average number of ordinary shares (million) Adjusted diluted earnings per ordinary share (pence) Note: See Appendix for more detail on APMs; (1) Excludes adjusting items; (2) Cash not available for use, but included in leverage calculation H1 2021 (72.7) (12.0) (13.3) (98.0) 114.9 (85.3p) (98.0) 114.9 (85.3) H1 2020 (200.3) 13.8 (3.6) (190.1) 60.2 (316.0p) (190.1) 60.2 (316.0p) wwwwwwwwwwwwwwwwwwwwwwwwwwwww. ASTON MARTIN LAGONDA#22H1 Results £m Total wholesale volumes (#)(¹) Revenue Adj. EBITDA Adj. operating loss Operating loss Loss before tax 22 Q1-21 1,353 224.4 20.7 (15.3) (15.3) (42.2) Note: See Appendix for more detail on APMs; (1) Includes Specials (2) 2019 has been restated Q1-20 578 88.8 (38.1) (67.0) (67.9) (110.1)| Q2-21 1,548 274.4 28.1 (20.7) (22.7) (48.5) Q2-20 317 57.2 (50.9) (78.5) (91.4) (117.3) H1-21 2,901 498.8 48.8 (36.0) (38.0) (90.7) H1-20 895 146.0 (89.0) (145.5) (159.3) (227.4) wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww ASTON MARTIN LAGONDA#23Alternative Performance Measures In the reporting of financial information, the Directors have adopted various Alternative Performance Measures ("APMs"). APMs should be considered in addition to IFRS measurements. The Directors believe that these APMs assist in providing useful information on the underlying performance of the Group, enhance the comparability of information between reporting periods, and are used internally by the Directors to measure the Group's performance. Adjusted PBT is the loss before tax and adjusting items as shown in the Consolidated Income Statement Adjusted operating loss is loss from operating activities before adjusting items Adjusted EBITDA removes depreciation, loss/(profit) on sale of fixed assets and amortisation from adjusted operating loss Adjusted operating margin is adjusted operating (loss)/profit divided by revenue Adjusted EBITDA margin is adjusted EBITDA (as defined above) divided by revenue Adjusted Earnings Per Share is loss after income tax before adjusting items, divided by the weighted average number of ordinary shares in issue during the reporting period Net Debt is current and non-current borrowings in addition to inventory financing arrangements, lease liabilities recognised following the adoption of IFRS 16, less cash and cash equivalents, cash held not available for short-term use Free cashflow is represented by cash (outflow)/inflow from operating activities plus the cash used in investing activities (excluding interest received) plus interest paid in the year less interest received. 23 wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww. ASTON MARTIN LAGONDA#24Disclaimer This presentation has been prepared by Aston Martin Lagonda Global Holdings plc ("AML") solely for use at the H1 results analyst and investor meetings being held on Wednesday, 28 July 2021 in connection with a discussion of its H1 2021 results. For purposes of this notice, this “presentation” shall include these slides and any question-and-answer session that follows oral briefings by AML's executives. This presentation is for informational purposes only does not constitute an offer to sell or the solicitation of an offer to buy AML securities. Furthermore, this presentation does not constitute a recommendation to sell or buy AML securities. No representations or warranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in this presentation. This presentation contains certain forward-looking statements, which are based on current assumptions and estimates by the management of AML. Past performance cannot be relied upon as a guide to future performance and should not be taken as a representation that trends or activities underlying past performance will continue in the future. Such statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from any expected future results in forward-looking statements. These risks may include, for example, changes in the global economic situation, and changes affecting individual markets and exchange rates. AML provides no guarantee that future development and future results actually achieved will correspond to the forward-looking statements included here, and accepts no liability if they should fail to do so. We undertake no obligation to update these forward-looking statements, which speak only as at the date of this presentation, and will not publicly release any revisions that may be made to these forward-looking statements, which may result from events or circumstances arising after the date of this presentation. This presentation is confidential and is being delivered to selected recipients only. It may not be reproduced (in whole or in part), distributed or transmitted to any other person. By attending the meeting at which this presentation is being given, you will be deemed to have represented, warranted and undertaken that you have read and agree to comply with the contents of this notice. 24 wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww. ASTON MARTIN LAGONDA#25Aston Martin Lagonda Investor Relations Team [email protected] www.astonmartinlagonda.com S Charlotte Cowley - Director of Investor Relations charlotte.cowley@aston martin.com Tel: +44 (0)19 2650 1065 ani Brandon Henderson - Senior Manager, Investor Relations [email protected] Tel: +44 (0)19 2650 1110 AMV E ASTON MARTIN LAGONDA wite owne. P