Deep Dive into Strategy and Figures - Expect Better

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Q2 2023

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#1SIXT SIXT SE INVESTOR PRESENTATION Q2 2023#2LEGAL 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 SIXT INVESTOR PRESENTATION | Q2 2023 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. 2#3SIXT INVESTOR PRESENTATION | Q2 2023 Q2 2023 HIGHLIGHTS Orlva O 0 SIXT SEGA 3#4DEVELOPMENT OF KEY DRIVERS IN H1/Q2 SIXT INVESTOR PRESENTATION | Q2 2023 EXPENSES Inflation and continued investment DEMAND Continuing normalisation and positive start to summer PRICING Still signifcant above 2019 level 4#5Q2 2023 DRIVEN BY CONTINUED GOOD DEMAND AND STABLE PERFORMANCE SIXT INVESTOR PRESENTATION | Q2 2023 REVENUE [EUR m] EBT EBT [EUR m] S NET INCOME [EUR m] +24% 743.8 925.1 +2% 129.8 131.9 +3% 93.8 96.6 +39% RENTAL ASSETS 3.3 4.6 Sú [EUR bn] -8.8pp. الله EQUITY RATIO [%] 36.4% 27.6% EMPLOYEES [average] +20% 7,305 8,762 Q2 2022 Q2 2023 LO 5#6OTHER HIGHLIGHTS FROM THE FIRST HALF OF 2023 8 BRAND REFRESH SIXT High approval for modernised look NEW FLAGSHIP BRANCH IN HEATHROW TERMINAL 2 >30,000 fewer bus shuttle trips ✓ INTEGRATION OF MILES IN SIXT SHARE 14,000 additional vehicles bookable ธ SUCCESSFUL BOND PLACEMENT Volume of EUR 300m SIXT INVESTOR PRESENTATION | Q2 2023 6#7DEEP DIVE INTO STRATEGY AND FIGURES EXPECT BETTER SIXT INVESTOR PRESENTATION | Q2 2023 7#8RELEVANT SUCCESS DRIVERS AND TOPICS WE ARE DEALING WITH + L RESILIENT BUSINESS MODEL 090 STRONG BALANCE SHEET SIXT INVESTOR PRESENTATION | Q2 2023 ך USA EXPANSION S REFINANCING PREMIUM STRATEGY WITH PREMIUM FLEET * RESIDUAL VALUE RISK INFLATION 8#9SIXT HAS GOT A DIVERSIFIED AND FLEXIBLE BUSINESS MODEL SEGMENT NORTH AMERICA 27% SEGMENT GERMANY 30% SEGMENT NORTH AMERICA 31% Q2 2023 FIX 26% As of 30 June 2023 REVENUE SPLIT 43% SEGMENT EUROPE COST SPLIT SIXT INVESTOR PRESENTATION | Q2 2023 VAR 74% Q2 2023 HT 2023 kml CORP. EBITDA SPLIT EV/HYBRID 17% ENGINE MIX Source: Half-yearly report 2023; SIXT data SEGMENT GERMANY CORPORATE 28% RETAIL 70% 14% OTHER CUSTOMER MIX 2% 55% SEGMENT EUROPE HT 2023 ICE 83% CORPORATE 51% Annual Report 2022 FLEET SIZE SPLIT FRANCHISE 49% 9#10SIXT IN NORTH AMERICA: EVER-EXPANDING NETWORK YVR ALREADY >100 STATIONS IN NORTH AMERICA (~40% AIRPORTS, ~60% DOWNTOWN) Already 7 more stations opening in the first half of 2023, including 4 new stations at top airports SEA PDX BOS MSP YYZ JFK, EWR, LGA PHL OR PIT BWI DEN SFO D IND EGE IAD DCA SJC ☐ ASE CVG ☐ CLT LAS BNA LAX AB SAN PHX Q ATL JAX DFW MCO SAT PBI TPAL FLL LIHO OGG IAH RSW ΜΙΑ HN SIXT INVESTOR PRESENTATION | Q2 2023 10 10#11CLEAR PREMIUM POSITIONING TO CREATE EXPERIENCES THAT CUSTOMERS LOVE HOW DO WE DEFINE PREMIUM? PREMIUM FLEET Young fleet and high share of premium vehicles¹ PREMIUM BRANCH Continuous investments into new branch concept and digital checkout experience. PREMIUM SERVICE High service levels in every single step of the customer journey and easy to use self-service options. PREMIUM DIGITAL Ease of use and digitalisation is the "new" premium! SIXT strives to make the access to services and the whole customer journey as easy and digital as possible. .LEADING TO THE PREMIUM BRAND SIXT SIXT INVESTOR PRESENTATION | Q2 2023 *Based on value share of BMW (incl. MINI), Audi, Mercedes-Benz infleets 11#12OUR FLEET: AT RECORD LEVELS WITH A CONTINUED HIGH PROPORTION OF PREMIUM SHARE 50% 155 129 AVERAGE FLEET SIZE IN SIXT CORPORATE COUNTRIES FY 2019 Premium share1 176 2019 0: ~151 [THOUSAND] 57% FY 2022 Premium share¹ 59% HY12023 Premium share1 166 149 149 143 144 133 125 20220: ~138 HY12023 : 158 Q1/19 Q2/19 Q3/19 Q4/19 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 SIXT INVESTOR PRESENTATION | Q2 2023 Based on value share of BMW (incl. MINI), Audi, Mercedes-Benz infleets 12#13ELECTRIFYING OUR FLEET: ALSO ON TRACK 13.2% 10.4% 3.0% 1.6% Q2/19 SIXT INVESTOR PRESENTATION | Q2 2023 Q2/20 Q2/21 EV share incl. PHEV and MHEV for Europe 22.6% Q2/22 Q2/23 2030 90% 70% 13#14Brand Value of USD 1.3 bn¹ not recognised on balance sheet STRONG BALANCE SHEET QUALITY WITH 86% EARNINGS ASSETS SIXT BALANCE SHEET as of 30 Jun 2023 [EUR m] 6,529 6,529 Goodwill & Intangibles 74 Other Non-Current Assets 829 1,805 Equity 27.6% Rental Vehicles 2,226 Non-Current Financial Liabilities 4,616 Other non- current assets mainly real estate property & equipment of EUR 797 m Very clean balance sheet as 86% of assets are cash or investments in vehicles and working capital 86% Working Capital / Other Assets SIXT INVESTOR PRESENTATION | Q2 2023 993 Cash & Bank Balances 17 Assets 95 Other Non-Current Liabilities & Provisions 1,129 Current Financial Liabilities Trade Payable & 1,274 Other Current Liabilities / Provisions Equity and Liabilities Source: H1 financial report 2023; Brand Finance, January 2022 High equity ratio of 27.6% -far above competition Financial liabilities include IFRS 16 lease liabilities in the amount of EUR 472 m (non- current) and EUR 168 m (current) (mostly rental stations lease and airport licenses) 14#15688 810 100 70 550 120 FOCUS TOPIC 2024: REFINANCING MATURITY PROFILE as of 30 June 20231 [EUR m] 351 350 MATURITIES IN 2024: 250 332 300 228 29 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 241 Bonds 398 158 300 350 Syndicated multi currency RCF 257 238 100 Commercial Paper 155 Borrower's note loans 100 51 0 Utilisation of bilateral credit lines 3 2023 2024 2025 2026 2027 2028 2029 2030 SIXT INVESTOR PRESENTATION | Q2 2023 Sources: Annual Report 2022; H1 financial report 2023; Sixt data 1Financial liabilities as of 30 June 2023; Repayment amounts excluding accrued and in future payable interest; Lease liabilities resulting from leases recognised in accordance with IFRS 16 are not included 15 15#16Q2/H12023 RESULTS IN DETAIL SIXT INVESTOR PRESENTATION | Q2 2023 16#17Q2 SHOWED STRONG YOY GROWTH IN ALL SEGMENTS - GERMANY WITH CATCH-UP EFFECTS GERMANY +31% vs. 2022 +16% vs. 2019 SIXT INVESTOR PRESENTATION | Q2 2023 EUROPE +23% vs. 2022 +49% vs. 2019 +21% NORTH AMERICA vs. 2022 +103% vs. 2019 17#18H1 DELIVERED STRONG REVENUE GROWTH IN ALL SEGMENTS - GERMANY ABOVE 2019 LEVEL GERMANY +27% vs. 2022 +8% vs. 2019 SIXT INVESTOR PRESENTATION | Q2 2023 EUROPE +20% vs. 2022 +47% vs. 2019 NORTH AMERICA +21% vs. 2022 +103% vs. 2019 18#19Q2 2023 SEGMENT UPDATE: EARNINGS AND REVENUES IN LINE WITH EXPECTATIONS 209 158 +31% REVENUE [EUR m] 274 324 185 +23% 397 209 155 +21% 252 Q2 2023 Q2 2022 Segment North America Q2 2021 Q2 2022 Q2 2023 Segment Germany Q2 2021 Q2 2022 Segment Europe Q2 2023 Q2 2021 -1% 26 25 22 32 Q2 2021 Q2 2022 Q2 2023 SIXT INVESTOR PRESENTATION | Q2 2023 CORPORATE EBITDA¹ [EUR m] +6% 91 96 52 47 Q2 2021 Q2 2022 Q2 2023 +15% 54 Q2 2021 Q2 2022 Q2 2023 ¹Since the end of 2022 depreciation of rental vehicles contains the depreciation of right of use assets for rental vehicles financed by lease contracts, that was reported under depreciation of property and equipment previously. The prior year comparative figures have been adjusted accordingly. 19#20H1 2023 SEGMENT UPDATE: STRONG INCREASE OF REVENUES IN ALL THREE SEGMENTS 388 293 +27% REVENUE [EUR m] 492 536 295 +20% 645 +21% 478 395 238 H1 2023 H1 2022 Segment North America H1 2021 H1 2022 H1 2023 H1 2021 Segment Germany H1 2022 Segment Europe H1 2023 H12021 17 60 -42% 35 38 H12021 H1 2022 H1 2023 SIXT INVESTOR PRESENTATION | Q2 2023 CORPORATE EBITDA¹ [EUR m] -14% 132 +1% 99 100 114 69 H1 2021 H1 2022 H1 2023 H1 2021 H1 2022 H1 2023 ¹Since the end of 2022 depreciation of rental vehicles contains the depreciation of right of use assets for rental vehicles financed by lease contracts, that was reported under depreciation of property and equipment previously. The prior year comparative figures have been adjusted accordingly. 20 20#21COMFORTABLE EQUITY RATIO AND LOW NET FINANCIAL DEBT SECURE COMPETITIVE FINANCING EQUITY RATIO [%] 36.4 27.6 Q2 2022 Q2 2023 INTEREST COVERAGE¹ [X] NET FINANCIAL DEBT/ RENTAL VEHICLE [%] 37.4 13.4 57 72 Q2 2022 Q2 2023 Q2 2022 Q2 2023 SIXT INVESTOR PRESENTATION | Q2 2023 1EBITDA divided by net interest result 21 21#22SIXT INVESTOR PRESENTATION | Q2 2023 OUTLOOK 2023 0 22 22#23100 90 00 80 JAN/2023 ECONOMIC FORECASTS DO NOT PROMISE A TAILWIND BUSINESS CLIMATE INDEX GERMANY [BASIS 2015=100] SIXT INVESTOR PRESENTATION | Q2 2023 Sources: IFO, IMF 87.3 points GDP GROWTH RATE [PERCENTAGE CHANGE FROM PREVIOUS YEAR] 2021 2022 2023 forecast 1.8 1.5 1.3 0.9 1.0 2024 forecast 3.03.0 -0.3 JUL/2023 Germany Euro Area USA Global 23#24FORECAST FOR FULL YEAR 2023 CONFIRMED FORECAST FOR FULL YEAR 2023 CONFIRMED 7 Large increase in revenue 71 EBT of EUR 430 to 550 m 7 Based on positive indications for summer season, pricing environment significantly above 2019 and improved fleet availability Thus according to forecast min. ~ EUR 120m above 2019 level 12.3% 10% target EUR 308 m SIXT INVESTOR PRESENTATION | Q2 2023 EUR 430 m EUR 550 m EUR 550 m 17.9% 10% target EBT 2019 EBT RANGE 2023 EBT 2022 24 24#25SIXT CONTACT Sixt SE Investor Relations Zugspitzstrasse 1 82049 Pullach +49 (0)89 74444-5104 [email protected] PROF. DR. KAI ANDREJEWSKI CHRISTIAN WEISS Chief Financial Officer Executive Investor Relations

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