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Investor Presentaiton

5 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

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