Investor Presentaiton

Mercedes-Benz Divisional Guidance 2023 ASSUMPTION The global economic conditions continue to be characterized by an exceptional degree of uncertainty. In addition to unexpected macroeconomic developments, uncertainties for the global economy and the business development of the Mercedes-Benz Group may arise in particular from geopolitical events and trade policy. Besides Russia's war in Ukraine, examples of this include a further exacerbation of tensions between the United States and China and a further deterioration of political relations between the European Union and China. In addition, as in the previous year, the further course of the Covid-19 pandemic, particularly in China, may lead to disruptions in global supply chains. Other availability bottlenecks, in particular those affecting semiconductors, remain a large source of uncertainty. Volatile energy and commodity prices, persistently high or repeatedly rising inflation rates, sharply rising interest rates and an even more pronounced slowdown in economic growth may also have an impact on the risks and opportunities described in the individual categories. Unit Sales Mercedes-Benz Cars Mercedes-Benz Vans Mercedes-Benz Cars Return on Sales (adjusted*) Mercedes-Benz Vans Mercedes-Benz Mobility (ROE) At prior-year level At prior-year level 12 to 14% 9 to 11 % 12 to 14% Mercedes-Benz Cars Cash Conversion Rate** (adjusted) Mercedes-Benz Vans Mercedes-Benz Cars Investment in pp&e Mercedes-Benz Vans Mercedes-Benz Cars R&D expenditure Mercedes-Benz Vans 0.8 to 1.0 0.5 to 0.7 Significantly above Significantly above Slightly above Significantly above LB EQ542E The adjustments include material adjustments if they lead to significant effects in a reporting period. These material adjustments relate in particular to legal proceedings and related measures, restructuring measures and M&A transactions. Adjusted Cash Flow before Interest and Taxes (CFBIT) divided by adjusted EBIT. 25 25

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