Investor Presentaiton

Adjusted EBITDA Overproportional growth in adjusted EBITDA Adj. EBITDA in mEUR and in % of Net Sales +50% 39,1 26.1 22,9 19.4 16,7 16% 10% 11% 12% 12% 2013 2014 2015 2016 2017 ✔ VARTA Highlights Economies of scale business let adjusted EBITDA grow by more than 50% Adjusted EBITDA margin with 16% just under a third higher than in 2016 Reflects strategy of continous concentration on high margin growth " VARTA Microbattery VARTA Storage Our Brands M VARTA power one 7

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