#1Investor Presentation November 2018 ON THE MOVE GRAMMER#2GRAMMER GROUP - INVESTOR PRESENTATION Content GRAMMER Group Investment Highlights 2 GRAMMER Group Corporate Overview 3 GRAMMER Product Segment Overview GRAMMER Group Highlights 2018 LO 5 GRAMMER Strategy for Profitable Growth 6 GRAMMER Strategy for Leadership in Innovations 7 GRAMMER Group Outlook 2018 A Appendix © 2018 GRAMMER AG - Investor Presentation November 2018 GRAMMER Page 2#3GRAMMER Group Investment Highlights ON THE MOVE GRAMMER#41 GRAMMER GROUP - INVESTMENT HIGHLIGHTS Well positioned for profitable growth & value generation + Leading global player in the automotive and commercial vehicles industry + As an interior trendsetter, GRAMMER is ideally positioned to benefit from industry megatrends + + + Excellent global presence in all regions with leading market positions in core markets Strong growth history with further substantial growth potential in all key markets Higher earnings potential through organic profitability improvement and M&A activities High financial flexibility to fund organic growth and M&A combined with attractive dividend policy GRAMMER Ningbo Jifeng provides stability within shareholder structure & offers additional growth potential in China © 2018 GRAMMER AG - Investor Presentation November 2018 Page 4#5GRAMMER Group Corporate Overview ON THE MOVE GRAMMER#62 GRAMMER GROUP – KEY FACTS Leading global player in the automotive and commercial vehicles industry Group revenues by region and division (FY 2017) by region Key OEM customers Automotive EMEA 68% GRAMMER by division Automotive 70% APAC 16% Audi Mercedes-Benz Volkswagen Commercial Vehicles JOHN DEERE CNH AGCO FENDT CLAAS ARGOTRACTORS WACKER NEUSON DEUTZ CATERPILLAR KOMATSU GM LAND- ROVER AUTO CHRYSLER DOOSAN Bobcat JCB Kubota LIEBHERR DUNGHEINRICH TOYOTA KION CROWN Americas 16% Commercial Vehicles 30% FIAT Ford BYD ▲ HYUNDAI TORO HUSTLER MANITOU HEAVY INDUSTRIES CO JAGUAR TOYOTA DAF Peterbilt MAN KENWORTH Mercedes Benz B NISSAN SHACMAN SAIC RENAULT TRUCKS SCANIA TRUCKS SEAT BENTLEY PORSCHE DB SIEMENS ALSTOM STADLER BOMBARDIER Total: € 1.8 billion Total: € 1.8 billion Revenues by product segment (FY 2017) Consoles 42% Automotive Key product segments Commercial Vehicles Automotive Commercial Vehicles Headrests 36% Offroad 59% Truck 27% Interior Others 11% Components 11% Total: € 1.3 billion Headrests Offroad Seats Consoles & Armrests Truck Seats Others 7% Railway 7% Interior Components Railway Seats Total: € 0.5 billion © 2018 GRAMMER AG - Investor Presentation November 2018 Page 6#72 GRAMMER GROUP - GLOBAL FOOTPRINT Global production and R&D network on 4 continents Revenues [FY 2017, € m.] Employees [10/01/2018]* incl. TMD GRAMMER Global Locations Americas: USA Mexico Brazil Argentina EMEA: Germany Belgium Italy Spain UK Czech Republic Poland Serbia Bulgaria Slovenia Turkey South Africa AMERICAS EMEA APAC World APAC: 300 1,200 300 1,800 China Japan 4,000 9,000 1,500 14,500 © 2018 GRAMMER AG - Investor Presentation November 2018 Page 7#82 GRAMMER GROUP - LONG-TERM GROWTH Strong track record of global revenue growth Group revenues in € billion +150% since 2009 CAGR: 11% GRAMMER +45% since 2013 CAGR: 8% 1.79 ~ 1.85 1.69 1.43 1.37 1.27 1.13 1.09 0.93 0.72 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018e Acquisition EiA Electronics Acquisition Nectec Sales of ~30 € m. Sales of ~40 € m. ©2018 GRAMMER AG - Investor Presentation November 2018 Acquisition Reum Group Sales of ~150 € m. Page 8#9ON THE MOVE GRAMMER Group Product Segment Overview GRAMMER#103 GRAMMER PRODUCT SEGMENT OVERVIEW Automotive Division Headrests Consoles & Armrests GRAMMER Interior Components Product Revenues (in % of total Division) Product Revenues (in % of total Division) Product Revenues (in % of total Division) 40% 47% 13% Main Customers Audi, BMW, Chrysler, Daimler, Land Rover, Skoda, Fiat, Toyota, VW Main Competitors Adient, Faurecia, ProSeat, Lear Adient, Windsor Machine, Daimay Adient, Lear, Ningbo Jifeng Market Position Main Customers Audi, Bentley, BMW, Chrysler, Daimler, Ford, GM, Seat, VW Main Competitors Yangfeng, Dräxlmaier, Fehrer, AIS Adient, Faurecia, Magna, Yangfeng Visteon, Adient, Huanxiang Market Position Main Customers Audi, BMW, Daimler, Porsche, Volvo, VW Main Competitors Grills Metal: Oakwood, RMIG Vents: Dr. Schneider, Yangfeng, Fischer #1 #2 #3 © 2018 GRAMMER AG - Investor Presentation November 2018 #2 #5 #5 Market Position Grills: #1 Vents: #3 market entry in 2017 market entry in 2018 Page 10#113 GRAMMER PRODUCT SEGMENT OVERVIEW Premium interior components for maximum in safety, comfort & functionality Headrests Consoles & Armrests GRAMMER Interior Components Busmesin © 2018 GRAMMER AG - Investor Presentation November 2018 Page 11#123 GRAMMER PRODUCT SEGMENT OVERVIEW Commercial Vehicles Division GRAMMER Agricultural & Construction Material Handling & Turf Truck & Caravan Railway & Bus 8-0 Product Revenues Product Revenues (in % of total Division) (in % of total Division) Product Revenues (in % of total Division) 40% 22% 30% Product Revenues (in % of total Division) 8% Main Customers AGCO, Caterpillar, CLAAS, CNH, John Deere, Kubota, Liebherr Main Competitors Pilot, Cobo, KAB Sears, KAB KAB, Tiancheng Market Position Main Customers Crown, Hyundai, Jungheinrich, KION (Still, Linde), Manitou, Toyota Main Competitors Sears, KAB Milsco, Seats Inc, Seat King Boshoku, Tiancheng Main Customers Daimler, Ford Truck, MAN, PACCAR, SAIC, Shaanxi Main Competitors Isringhausen, Adient National Seat., Isringhausen GHRC, Tiancheng, ISRI Main Customers Alstom, Bombardier, Daewoo, Deutsche Bahn, Siemens, Stadler Main Competitors Compin, ClerPrem, Kiel, Isri Market Position #1 #2 #3 Market Position #1 #4 #3 © 2018 GRAMMER AG - Investor Presentation November 2018 Market Position # # # #2 #3 #5 #4 market entry in 2018 in preparation Page 12#133 GRAMMER PRODUCT SEGMENT OVERVIEW Suspended seating systems for commercial vehicles, trucks, buses and trains Agricultural & Construction Material Handling & Turf Truck & Caravan 8-0 GRAMMER Railway & Bus © 2018 GRAMMER AG - Investor Presentation November 2018 Page 13#14GRAMMER Group Highlights 2018 ON THE MOVE GRAMMER#154 GRAMMER GROUP HIGHLIGHTS 1-9 2018 - FINANCIAL KEY FIGURES Further topline growth, but automotive market and one-time expenses burden results GRAMMER Highlights 1-9 2018 ■ At 1.359 € million, Group revenues 1-9 2018 exceed high 2017 levels despite negative FX impact in 2018 GRAMMER Group [in € m.] Revenues +2% Operational EBIT ■ FX adjusted revenue in 1-9 2018 came to 1.388 € million or+4% vs. previous year 1,338.9 1,359.2 58.6 56.6 ■ IFRS EBIT and net result below previous year due to one- time expenses and market driven weaker performance of Automotive division Operative EBIT at 57 € million in line with previous year Dynamic development of Commercial Vehicles Division compensated weaker performance of Automotive Division Automotive Division [in € m.] Revenues -3% 4.4% 4.2% 1-9 2017 1-9 2018 1-9 2017 1-9 2018 Commercial Vehicles Division [in € m.] Operational EBIT Revenues Operational EBIT +15% 973.9 942.7 456.0 397.8 43.5 33.1 34.3 24.6 9.5% 3.4% 2.6% 8.6% 1-9 2017 1-9 2018 1-9 2017 1-9 2018 1-9 2017 1-9 2018 1-9 2017 1-9 2018 © 2018 GRAMMER AG - Investor Presentation November 2018 Page 15#164 GRAMMER GROUP HIGHLIGHTS 1-9 2018 - ACQUISITION OF TMD GROUP Transaction highlights & benefits GRAMMER ■ On May 22, 2018, GRAMMER has signed a SPA to acquire 100% of US-based Toledo Molding & Die Inc. ("TMD”) ■ TMD is a specialist in developing and manufacturing highly engineered thermoplastic automotive components ■ TMD is operating in the NAFTA region with 11 locations, generating annual revenues of more than 300 million USD ■ Purchase Price (Enterprise Value): approx. 271 million USD ■ The transaction will be fully debt financed, attractive financing conditions have been secured ■ Transaction has been closed on October 01, 2018. Initial consolidation into GRAMMER Group in Q4 2018 Benefits & Upsides GRAMMER will be able to expand process know-how and technology in thermoplastic solutions and materials The acquisition of TMD Group will significantly strengthen the North American footprint TMD's product range will expand the existing portfolio and offers further upside for the Commercial Vehicle business ✓ TMD Group will support GRAMMER Group's mid-term growth and profitability targets Acquisition of TMD marks the anticipated milestone in the strategic transformation of GRAMMER Group ©2018 GRAMMER AG - Investor Presentation November 2018 Page 16#174 GRAMMER GROUP HIGHLIGHTS 1-9 2018 - ACQUISITION OF TMD GROUP Transaction highlights & benefits TMD Core Group* revenues (in USD million) CAGR 14% ~450 ~400 ~350 ~300 GRAMMER TMD & GRAMMER combined North American footprint 15+ facilities 3,500+ employees in US Midwest, Southwest and Central Mexico region 2017pre 2018e 2019e 2020e GRAMMER Locations TMD Locations *) excluding Jeep Wrangler cockpit assembly business GRAMMER & TMD* combined NAFTA revenues (illustration based on FY 2017, in USD million) ~550 GRAMMER'S & TMD's state-of-the-art facilities allow to serve the entire NAFTA region in close proximity to all key OEMs GRAMMER Group global revenues breakdown (illustration based on FY 2017) GRAMMER Group Stand-alone GRAMMER Group incl. TMD* ~300 EMEA 68% ~300 250 250 GRAMMER TMD Combined GRAMMER+TMD *) excluding Jeep Wrangler cockpit assembly business © 2018 GRAMMER AG - Investor Presentation November 2018 EMEA 59% APAC 16% Americas 16% *) excluding Jeep Wrangler cockpit assembly business APAC 13% Americas 28% Page 17#184 GRAMMER GROUP HIGHLIGHTS 1-9 2018 - BCA & PUBLIC TENDER OFFER BCA & tender offer provide opportunities and mutual benefits for both companies GRAMMER May 29, 2018: GRAMMER & Ningbo Jifeng* have signed a comprehensive business combination agreement Jun 25, 2018: Ningbo Jifeng has published a voluntary takeover, offering all shareholders a consideration of 60 €/share Aug 23, 2018: Tender offer accepted by GRAMMER shareholders - Ningbo Jifeng new majority shareholder with 84.23% Strengthened Partnership between GRAMMER & Ningbo Jifeng** Wide range of cooperation areas identified Business Combination Agreement secures GRAMMER's Independence Broad set of commitments lasting up to 7.5 years Further Stabilization of Shareholder Structure Ningbo Jifeng as strong anchor shareholder Attractive and Immediate Value to GRAMMER Shareholders Premium to previous close of 18.4% *) Contracting parties are Ningbo Jihong Investment Co., Ltd and Jiye Auto Parts GmbH, both affiliated companies of Ningbo Jifeng Auto Parts Co., Ltd. ("Ningbo Jifeng") **) An affiliate of Ningbo Jifeng currently holds a 25.56% stake in GRAMMER AG and plans to inject these and any tendered shares into Ningbo Jifeng ©2018 GRAMMER AG - Investor Presentation November 2018 Page 18#194 GRAMMER GROUP HIGHLIGHTS 1-9 2018 - BCA & PUBLIC TENDER OFFER BCA secures GRAMMER's independence and future development GRAMMER A B Continued Independence of GRAMMER Commitment to Workforce, Footprint & Employees C Support for GRAMMER'S Corporate Governance Support of GRAMMER'S D Brand and Global Strategy E Protection of Know-How and Intellectual Property " Unless recommended by Executive or Supervisory Board with a simple majority *) **) For commitments mentioned on this page, 5 years for non-German locations No changes to the company's legal form as a stock exchange listed corporation No change of name or seat & headquarters of GRAMMER AG Integrity of GRAMMER to be preserved, no sale or break-up of the business No intention to conclude domination agreement*, no squeeze-out or other similar structural measures Continuation of existing financing and dividend policy Jifeng acknowledges the importance of GRAMMER's excellent workforce & manufacturing processes Collective bargaining agreements or other incentive schemes & similar arrangements will be honored Recognition of co-determination ("Mitbestimmung") and rights of employees, work councils and unions Employment levels and manufacturing footprint to be maintained Commitment for 7.5 years from today** Composition of GRAMMER AG's Executive Board to remain unchanged*** GRAMMER AG Executive Board will continue to independently run the business GRAMMER AG Supervisory Board will retain its current size and structure No changes to existing equal co-determination in the Supervisory Board of GRAMMER AG Jifeng envisages to nominate 2 members to the Supervisory Board over time (elected by the AGM) Ningbo Jifeng will support the organic and external growth strategy Ningbo Jifeng will support GRAMMER's global footprint and manufacturing sites Ningbo Jifeng will support necessary investments to maintain the group's sites Consistent approach of GRAMMER and Ningbo Jifeng towards customer and suppliers No changes to GRAMMER brand Jifeng recognizes the importance of GRAMMER's focus on innovations, products & processes Ningbo Jifeng supporting necessary R&D spending All intellectual property of GRAMMER will remain within the company Furthermore, Ningbo Jifeng commits not to transfer any know-how****, technologies or key staff which may adversely affect GRAMMER ***) Unless GRAMMER's business ceases to be stable and healthy (material abnormity) and management fails to undertake appropriate measures in a timely manner ****) Unless made at arm's length © 2018 GRAMMER AG - Investor Presentation November 2018 Page 19#204 GRAMMER GROUP HIGHLIGHTS 1-9 2018 - BCA & PUBLIC TENDER OFFER GRAMMER AG - New shareholder structure after closing of tender offer GRAMMER GRAMMER AG Shareholder structure before public tender offer Cascade** 12.0% Halog** 25.6% 9.2% Ningbo Jifeng* 42.1% Free Float 4.6% DFA 3.9% Union Inv. 2.6% own shares *) Associated company of GRAMMER's strategic partner Ningbo Jifeng **) Companies owned by Hastor family GRAMMER AG Shareholder structure after closing of tender offer 84.2% Ningbo Jifeng 13.2% Free Float 2.6% own shares Clear shareholder structure and intensified strategic partnership with new majority shareholder Ningbo Jifeng → Our customers also view the new principal shareholder very positively → With the intensified partnership we can expect a positive contribution to GRAMMER's future development © 2018 GRAMMER AG - Investor Presentation November 2018 Page 20#214 GRAMMER GROUP HIGHLIGHTS 1-9 2018 - ORDER INTAKE Order intake situation significantly improved Order intake for new projects [life-time sales, in € million] Budgeted order intake 2018 Automotive [in %] 1,050 770 GRAMMER Breakdown by customer group 1,150 German Premium OEMs 45% 2018e Other OEMs 55% Breakdown by region German Premium OEMs German German Premium Premium OEMs Europe 45% 60% OEMs 60% 45% 1-12 2017 1-9 2017 1-9 2018p *) Life-time: projected series production sales over entire duration of the project (6-7 years) © 2018 GRAMMER AG - Investor Presentation November 2018 Americas 30% 2018e APAC 25% Page 21#22GRAMMER Strategy for Profitable Growth ON THE MOVE GRAMMER#235 GRAMMER STRATEGY - PROFITABLE GROWTH Expansion of global positioning results in additional gains in market share abroad GRAMMER Sales Projection and IHS Market Forecast [in %, 2017=100%] GRAMMER Development of sales, breakdown by region 2017 - 2022e [in %] Automotive Sales GRAMMER Group 130% GRAMMER Product sales EMEA Car production (IHS) + 20% 115% 68% +10% 100% 85% 2017 Commercial Vehicles 2022e 160% GRAMMER Product sales EMEA 140% CV production (IHS) +45% 55% 120% 100% +-0% 80% 2017 2022e © 2018 GRAMMER AG - Investor Presentation November 2018 Americas 16% 2017 APAC 16% Americas 25% 2022e APAC 20% Page 23#245 GRAMMER STRATEGY - PROFITABLE GROWTH Higher earnings potential through organic profitability improvement and M&A activities GRAMMER EBIT margin, in % breakdown by segment 2% -4% 5% -7% 8% - 10% EBIT drivers GRAMMER today: Operating EBIT ~5% Sales revenue € 500 M Commercial Vehicles Sales revenue € 1,300 M Automotive GRAMMER future potential: Operating EBIT ~7% Sales revenue € 700 M Sales revenue € 1,200 M Sales revenues € 300 M M&A + Portfolio Management Commercial Vehicles Automotive TMD Commercial Vehicles: Recovery in key market segments. Value increase through functional integration, fixed cost optimization Automotive: Higher R&D efficiency, value added through functional integration, ongoing cost optimization and M&A © 2018 GRAMMER AG - Investor Presentation November 2018 Page 24#255 GRAMMER STRATEGY - PROFITABLE GROWTH Higher earnings potential through organic profitability improvement and M&A activities GRAMMER GRAMMER's M&A and JV activities North America 2017 Strategic partnership with Ningbo Jifeng Europe China 2016 Joint Venture with truck manufacturer Shaanxi 2013 Joint Venture with seat manufacturer Yuhua 2015 Acquisition of Reum Group (Germany & Poland) 2013 Acquisition of Nectec (Czech Republic) 2011 Acquisition of EIA Electronics (Belgium) 2018 Acquisition of TMD Group (USA) 1 Increase in technology know-how GRAMMER's key criteria for mergers & acquisitions 2 Expansion of presence in regional markets © 2018 GRAMMER AG - Investor Presentation November 2018 3 Increase in profitability Page 25#26ON THE MOVE GRAMMER Strategy for Leadership in Innovation GRAMMER#2700 6 GRAMMER GROUP - INNOVATIONS Megatrends offering high potentials for interior specialists 1 Autonomous driving Vehicle interiors will Electric & hybrid 2 drives New become a new, additional living space for people Interior defines wellbeing & comfort level of driver and passengers 3 mobility concepts 1 Safety GRAMMER 2 Ergonomics Massive upgrade Electrification and expansion in the functionality and integration of the 3 Comfort 4 interior Digitalization © 2018 GRAMMER AG - Investor Presentation November 2018 Page 27#2860 GRAMMER GROUP - INNOVATIONS New potential interior concepts & technologies for future vehicle generations GRAMMER Surfaces & materials High-quality haptics, touch & feel Hygienic & "green" materials Lightweight & composite materials Functional, 3D surfaces Ambient lighting Comfort E-seat, rotatable, active seat Latest seat suspension systems Individual climate zones Noise suppression, sound zones Fold-away tables, stowage systems cooling compartments © 2018 GRAMMER AG - Investor Presentation November 2018 Electronics E/E system integration Mobile device integration E-drives & intelligent kinematics Monitors, cameras, sensors Intuitive HMIs Safety New seat belt & restrain. systems New headrest systems Neck & torso support system Driver monitoring Active control of body posture Page 28#2900 6 GRAMMER GROUP - INNOVATIONS Numerous innovative trends for all product segments and applications Headrests Active & passive safety Intuitive or automatic adjustment Increased comfort through multi-zone foam Slim design Individual sound and active noise suppression Air conditioning close to the body Centre Consoles & Armrests Intuitive HMI Functional surfaces with haptic feedback Modular structure Mobile device integration Ambient lighting Ergonomic design Lightweight construction Interior Components Functional surfaces with capacitive control New surface materials such as glass, foil, coatings Diffuse ventilation design for greater comfort Automatically adjustable fans for individual air conditioning Commercial Vehicles Complete integration of multifunctional armrests Innovative, active seat suspension Lightweight construction Intelligent seat covers with sensors for health monitoring Air conditioning close to the body Driver monitoring system © 2018 GRAMMER AG - Investor Presentation November 2018 GRAMMER Page 29#30GRAMMER Group Outlook 2018 ON THE MOVE GRAMMER#317 MARKET EXPECTATIONS 2018 Most regional car & commercial vehicle markets expected to grow ODI GRAMMER Europe USA Brazil China World Worldwide car production Source VDA September 2018 +0% -2% +10% +2% +1% Worldwide truck registrations Source VDA September 2018 +1% +15% +35% -10% +2% Source John Deere August 2018 +5-10% +10% 0% to +5% +/-0% Agricultural machinery Source AGCO October 2018 +/-0% 0% to +5% +/-0% Construction machinery Source Caterpillar July 2018 Strong demand Strong demand Slow to recover Strong demand Forklifts Source Jungheinrich Nov. 2018 > 10%-growth © 2018 GRAMMER AG - Investor Presentation November 2018 Page 31#327 GRAMMER GROUP - OUTLOOK 2018 Outlook for FY 2018 revised GRAMMER Actual 2017 Outlook 2018 NEW Outlook 2018 OLD Group revenue € 1.79 billion approx. € 1.85 bn approx. € 1.85 bn GRAMMER Outlook Operating EBIT-margin 4.5% slightly below prev. year around 5% Important notes: ROCE 11.5% below prev. year > prev. year The outlook for the full year 2018 is based on the current forecasts for the global economy as well as our main markets and customers. The EU-wide introduction of the worldwide harmonized light vehicles (WLTP) test procedure for passenger cars and light commercial vehicles could also have an ongoing negative impact on the sales of our customers in the Automotive Division in Q4 2018. The revised outlook includes the effects of the initial consolidation of TMD on October 01, 2018. © 2018 GRAMMER AG - Investor Presentation November 2018 Page 32#33Appendix ON THE MOVE GRAMMER#34A GRAMMER GROUP Key Figures 1-9 2018 [IFRS, in € million] GRAMMER Q3 2018 Q3 2017 Chg. 01-09 2018 01-09 2017 Chg. Group Revenues EBITDA EBITDA-Margin EBIT 431.6 430.9 +0.2% 1,359.2 1,338.9 +1.5% -1.8 23.2 -107.8% 63.6 82.7 -23.1% -0.4% 5.4% -5.8%-P 4.7% 6.2% -1.5%-P -14.0 10.7 -230.9% 27.9 45.8 -39.1% EBIT-Margin -3.2% 2.5% -5.7%-P 2.1% 3.4% -1.3%-P Operating EBIT 13.3 14.6 -8.9% 56.6 58.6 -3.4% Operating EBIT-Margin 3.1% 3.4% -0.3%-P 4.2% 4.4% -0.2%-P Profit after taxes -10.3 5.7 -280.7% 14.9 25.7 -42.0% EPS in € -0.83 0.47 -276.6% 1.22 2.13 -42.7% Total Assets 1,052.1 1,092.3 -3.7% 1,052.1 1,092.3 -3.7% Equity 305.4 336.7 -9.3% 305.4 336.7 -9.3% Equity-Ratio 29% 31% -2%-P 29% 31% -2%-P Net Financial Debt 163.3 156.5 +4.3% 163.3 156.5 -4.3% Gearing Ratio 53% 46% +7%-P 53% 46% +7%-P Capex (w/o M&A) 26.4 11.7 125.6% 49.4 40.2 +22.9% Depreciation 12.2 12.5 -2.4% 35.7 36.9 -3.2% Employees (month-end) 12,830 12,759 0.6% 12,830 12,759 +0.6% © 2018 GRAMMER AG - Investor Presentation November 2018 Page 34#35A GRAMMER GROUP Financial key figures 5-year overview GRAMMER [IFRS, in € million] 2017 2016 2015 2014 2013 Group Revenue 1,786.5 1,695.5 1,425.7 1,365.9 1,265.7 EBITDA 116.0 120.2 83.2 93.7 92.3 EBITDA-Margin 6.5% 7.1% 5.8% 6.9% 7.3% EBIT 66.5 73.0 42.7 57.0 58.0 EBIT-Margin 3.7% 4.3% 3.0% 4.2% 4.6% Profit after taxes 32.4 45.2 23.8 33.6 29.6 EPS in € 2.67 4.01 2.10 3.09 2.67 Dividend / Share in € 1.25 1.30 0.75 0.75 0.65 Total Assets 1,107.0 1,050.6 992.1 836.5 766.0 Equity 337.7 271.2 253.4 231.8 224.7 Equity-Ratio 31% 26% 26% 28% 29% Net Financial Debt 92.2 139.1 155.5 86.7 93.2 Gearing Ratio 27% 51% 61% 37% 41% Capex (w/o M&A) 59.1 56.2 47.9 51.5 46.8 Depreciation 49.5 47.2 40.5 36.7 34.3 Employees (Dec. 31) 12,947 12,250 11,397 10,700 10,082 © 2018 GRAMMER AG - Investor Presentation November 2018 Page 35#36A GRAMMER AG Share price development GRAMMER share price in €, December 31, 2015 until September 30, 2018 70 60 66 40 50 40 30 50 20 31-Dec-2015 30-Jun-2016 31-Dec-2016 30-Jun-2017 31-Dec-2017 GRAMMER 30-Jun-2018 Selected Broker Recommendations Top Shareholders Basic Share Data Broker Date Current Recomm. Current TP (€) Investor in %* ISIN DE000589540 Baader Helvea 15-Oct-18 Hold 60.0 Jiye Auto Parts ** 84.23% WKN / Code 589540/GMM DZ Bank 24-Sept-18 Hold 56.0 Own treasury shares Free Float (<3%) 2.62% 13.15% Number of shares Bankhaus Lampe 29-Aug-18 Hold 60.0 Market cap [September 30, 2018] MM Warburg 25-Sept-18 Hold 60.0 12,607,121 616 € million Ave. trading vol. (Xetra) 10,000 shares/day Quirin 25-Sept-18 Sell 43.0 Ave. trading vol. (all exch.) 20,000 shares/day *) Oddo BHF 15-Oct-18 Buy 46.0 Percentage based on 12,607,121 voting rights **) Associated company of GRAMMER's strategic partner Ningbo Jifeng Median 54.0 © 2018 GRAMMER AG - Investor Presentation November 2018 Page 36#37A GRAMMER GROUP IR Contact GRAMMER Investor Relations Contact Ralf Hoppe VP Investor Relations, Communications, Marketing & Strategic Product Planning Phone: Fax: Email: Internet: +49 (0)9621 66 2200 +49 (0)9621 66 32200 [email protected] www.grammer.com/investor-relations © 2018 GRAMMER AG - Investor Presentation November 2018 Page 37#38GRAMMER AG Legal disclaimer GRAMMER By attending the presentation to which this document relates or by accepting this document and not immediately returning it, you agree to be bound to the following limitations: This presentation and the topics addressed therein have been compiled for discussion purposes only and are not intended to be a comprehensive summary of all business, financial, legal, practical and other aspects or to cover all issues relating to an investment in Grammer AG. A binding commitment will only result from a definitive and binding agreement. This presentation does not constitute or form part of, and should not be construed as, an offer to sell or a solicitation of an offer to buy or subscribe for any securities and neither this presentation nor anything contained herein shall act as an inducement to enter into or form the basis of, or be relied on in connection with, any offer or contract or commitment whatsoever. This presentation does not constitute an offer for sale of any securities in the United States. Neither this presentation nor any copy of it may be taken or transmitted in or into the United States of America, its territories or possessions or distributed, directly and indirectly, in the United States of America, its territories and possessions or to U.S. Persons (as such term is defined in Regulation S under the Securities Act). Any failure to comply with this restriction may constitute a violation of U.S. securities laws. Neither this presentation nor any copy of it may be taken or transmitted in or into Australia, Canada or Japan or distributed, directly and indirectly, in Australia, Canada or Japan. The distribution of this presentation in other jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions. This presentation contains estimates, forecasts and expectations. Such estimates, forecasts and expectations are subject to risks and elements of uncertainty that could result in deviation of actual developments from expected developments. The estimates, forecasts and expectations are only valid at the time of publication and there can be no assurance that future results or events will be consistent with any such estimates, forecasts or expectations. Grammer AG does not intend to update any such estimates, forecasts or expectations and assumes no obligation to do so. Grammer AG does not assume any liability for the statements made. Neither Grammer AG nor any of its respective directors, officers, or employees nor any other person accept - to the extent legally possible - any liability for any loss howsoever arising from any use of this presentation or its contents or otherwise in connection therewith. Please take appropriate advice before applying anything contained in these materials to specific issues or transactions. This presentation is confidential and is being supplied to you solely for your information and may not be reproduced, redistributed or passed on to any other person or published, in whole or in part, for any purpose. This presentation or any copy of it may not be distributed to any third party, including the media or the press. © 2018 GRAMMER AG - Investor Presentation November 2018 Page 38