Slides
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) Short titles that cover only one or up to two lines should be used. The title should be aligned left and never centered. Any picture can be used as a background. If there is no picture available, the title with pattern has to be used. Changing picture: MasterLayout tab > Background image > Insert... >> select picture The flag is placed at the edge of the slide and is fixed in its size. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog MAHLE Investor Call Half-Year Results H1 2026 September 9, 2026
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. Changing document data: MasterLayout tab > Data dialog 2 Disclaimer I/II IMPORTANT: You must read the following before continuing. In accessing this presentation (the “Presentation”), the recipient agrees that it will not disclose any information contained in this presentation to any other party. This presentation was prepared by MAHLE GmbH (the “Company”, and together with its consolidated subsidiaries, the “Group”) and provided exclusively for the benefit and internal use of the recipient. This presentation is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by the Company. The presentation is proprietary to the Company and may not be disclosed to any third party or used for any other purpose without the prior written consent of the Company. The recipient shall treat any information contained in this presentation as highly confidential and undertakes to maintain and comply with the highest professional standards, including all necessary organizational measures, to ensure that any such information will remain confidential. The information in this presentation reflects prevailing conditions and the Company’s views as of this date, which are accordingly subject to change without notice. In preparing this presentation, the Company has relied upon and assumed, without independent verification, the accuracy and completeness of all the information from public sources or information which was provided to or available to us. Information contained in this presentation has not been subject to any independent audit or review. A significant portion of the information contained in this presentation, including all market data and trend information, is based on estimates or expectations of the Group, and there can be no assurance that these estimates or expectations are or will prove to be accurate. The Group’s competitors may define its and their markets differently than the Group does. In addition, past performance of the Group is not indicative of future performance. The future performance of the Group will depend on numerous factors which are subject to uncertainty. No responsibility or liability whatsoever is accepted by any person for any errors, misstatements, or omissions in this presentation or any other such document or information. Neither this presentation nor any of the information contained herein constitute or form part of, and should not be construed as, an offer to sell or issue, or the solicitation of an offer to purchase, subscribe to or acquire the Company’s (or its subsidiaries’) securities, or an inducement to enter into investment activity in any jurisdiction in which such offer, solicitation, inducement or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This presentation is not for publication, release or distribution in any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction nor should it be taken or transmitted into such jurisdiction. This presentation includes forward-looking statements within the meaning of the securities laws of certain applicable jurisdictions. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this presentation, including, without limitation, those regarding the Group’s or any of its affiliate’s future financial position and results of operations, their strategy, plans, objectives, goals and targets, future developments in the markets in which they participate or are seeking to participate or anticipated regulatory changes in the markets in which they operate or intend to operate.
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. Changing document data: MasterLayout tab > Data dialog 3 Disclaimer II/II In some cases, these forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “intend,” “may,” “plan,” “potential,” “predict,” “projected,” “should,” or “will” or the negative of such terms or other comparable terminology. By their nature, forward-looking statements involve known and unknown risks, uncertainties, and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and are based on numerous assumptions and that the Group’s or any of its affiliate’s actual results of operations, financial condition and liquidity, and the development of the industries in which they operate, may differ materially from (and be more negative than) those made in, or suggested by, the forward-looking statements contained in this presentation. In addition, even if the Company or any of its affiliate’s results of operations, financial condition and liquidity, and the development of the industries in which they operate, are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods. This Presentation includes financial information of the Group and, in addition, includes certain financial measures that are not recognized by IFRS or any other generally accepted accounting principles, including the German Commercial Code (Handelsgesetzbuch) (“HGB”), and that may not be permitted to appear on the face of the financial statements or footnotes thereto (“Alternative Performance Measures”). Alternative Performance Measures should not be considered as substitutes to the historical financial results or other performance measures derived in accordance with IFRS, HGB or any other generally accepted accounting principles, may not be comparable to other similarly-titled measures of other companies and have limitations as analytical tools. This Presentation may further include certain other unaudited financial information prepared by the Group. The Company’s independent auditors have not audited, verified, reviewed, compiled or performed any procedures with respect to such unaudited financial information for the purpose of its inclusion herein and accordingly, they have not expressed an opinion or provided any form of assurance with respect thereto. Furthermore, such unaudited financial information does not take into account any circumstances or events occurring after the period it refers to. Actual results may vary from the information contained herein and such variations could be material. In addition, certain non-financial operating data, included in this Presentation may have been extracted from the Group’s management accounts and are therefore unaudited. The unaudited financial information and the Alternative Performance Measures contained in this Presentation are based on a number of assumptions that are subject to inherent uncertainties and are subject to change. As such, you should not place undue reliance on the inclusion of such financial information in this Presentation and such inclusion should not be regarded as an indication that it will be an accurate prediction of future events or as a representation or warranty as to the accuracy or completeness of such financial information’s portrayal of the Group’s financial conditions or results of operations. Except as required by law, the Company and its respective directors, officers, employees, agents and consultants make no representation or warranty as to the accuracy or completeness of the information contained in this Presentation, and take no responsibility under any circumstances for any loss or damage suffered as a result of any omission, inadequacy, or inaccuracy in this Presentation.
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Any picture can be used as a background. If there is no picture available, the title with pattern has to be used. Changing picture: MasterLayout tab > Background image > Insert... >> select picture ▪01 | ▪02 | ▪03 | MAHLE at a Glance I Markus Kapaun Market and Business Highlights I Markus Kapaun Financials I Jan-Frederek Thiele 05 | Outlook I Markus Kapaun 04 | Financing and ESG I Ralph Josephs AGENDA
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Any picture can be used as a background. If there is no picture available, the title with pattern has to be used. Changing picture: MasterLayout tab > Background image > Insert... >> select picture 01 | MAHLE at a Glance
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) Die Inhaltsbox wird bündig unterhalb des Untertitels ausgerichtet. Die Überschrift wird bündig an der Navigationsbox ausgerichtet. Dokumentdaten ändern: MasterLayoutReiter > Datendialog Global Uncertainty at a Record High – Instability as the New Normal 6 MAHLE at a Glance Global Uncertainty at a Record High – Instability as the New Normal External volatility no longer episodic – performance under permanent uncertainty Source: Economic Policy Uncertainty, 2026 2000 2005 2010 2015 2020 2025 Global economic policy uncertainty index: Level of uncertainty around economic policy tracked by intensity of policy-related uncertainty reflected in newspaper coverage Global economic policy uncertainty index 9/11 War on Iraq Financial crisis Crimea annexation COVID 19 War on Ukraine War on Iran Eurozone crisis Trump election, Brexit Trump election
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog MAHLE at a Glance 7 MAHLE Group – Facts and Figures H1 2026 Solid operational performance achieved Sales EUR 5.5B Decrease in sales (-2.3% vs. H1 2025) primarily due to negative effects from FX translation, despite an organic growth of 0.9%. . Adjusted EBITDA margin 7.2% Adjusted EBITDA margin increased (+0.7pp vs. H1 2025) driven by productivity gains and sales price adjustments, which more than compensated for higher material costs, and adverse FX effects. Net debt1/EBITDA² 1.3x Stable, conservative leverage ratio. Free Cash Flow EUR 134M Higher Free Cash Flow (EUR +316M vs. H1 2025) mainly driven by improved operational performance and a lower increase in net working capital, supported by the absence of a prior-year one-off cash outflow. Rating MAHLE is rated Ba2 (stable) by Moody’s and BB- (positive) by Standard & Poor’s. 1 Net debt = liabilities to banks + bonds – cash in hand, bank balances and checks ² EBITDA calculated on the basis of trailing 12 months EBITDA
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Any picture can be used as a background. If there is no picture available, the title with pattern has to be used. Changing picture: MasterLayout tab > Background image > Insert... >> select picture 02 | Market and Business Highlights
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog Global Market Development1 China LV market remains below prior-year levels, while India continues to deliver solid growth Market and Business Highlights 9 Yearly production of passenger cars and light commercial vehicles (<6t) [in M pcs.] Yearly production of medium- and heavy-duty vehicles and buses (>6t) [in K pcs.] Actual H1 2024 Forecast FY 2025 Actual H1 2025 Actual H1 2024 Forecast FY 2025 Actual H1 2025 14.9 3.0 8.0 1.5 7.7 8.8 45.2 14.1 3.4 8.2 1.5 7.7 8.9 44.9 31.4 6.7 16.0 3.2 15.1 17.0 91.3 China India East Asia South America North America Europe World 683 268 142 88 271 273 1,758 823 301 143 79 257 271 1,775 1,441 543 298 155 560 560 3,619 China India East Asia South America North America Europe World Forecast 2026 Actual H1 2026 Actual H1 2025 Forecast 2026 Actual H1 2026 Actual H1 2025 1 Source: Data provided by Mobility Global LV 08/2026 & MHD Forecast 08/2026; Regions will not sum up as Middle East/Africa is not shown separately.
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog MAHLE LV Powertrain Scenario BEVs expected to gain further market shares, but momentum slows due to policy shifts and customer demand 10 Market and Business Highlights - 10 20 30 40 50 60 70 80 90 100 110 2020 2025 2030 2035 BEV/FCEV ~35% PHEV/REEV/ FHEV ~35% ICE (incl. Gasoline, Diesel, E85/100, MHEV) ~30% EU CO2 2025 target eased by averaging 2025-2027. 2030/35 revised in Q4 2025: 2030-32 target shall be averaged,100% CO2 reduction in 2035 lowered to 90%.1 China shows continued NEV penetration, both BEVs & PHEVs/REEVs are major pillar of future automotive policies. Policy rollbacks under the US administration (CO2 targets, IRA subsidies & CARB waiver) led to a significant slowdown in BEV development and adoption. Source: MAHLE PWT Scenarios Q3 2026 NEV = New Energy Vehicle; REEV = Range Extended Electric Vehicle 1 Based on proposal of EU-Commission, published December 16, 2025. Global Production Volume [M units] Still high uncertainty for the market outlook due to ongoing economical uncertainties and unclear outlook for war in Iran.
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog MAHLE MHD Powertrain Scenario High uncertainty of global ramp-up of BEV and FCEV trucks 11 EU: Slower electrification ramp-up in conflict with stringent CO2 targets, uncertain legislative outlook regarding target revision 2027. NA: Electrification slow down expected in long term with repeal of Greenhouse Gas policy and cutting of subsidies. CN: Already high share of BEV buses, electrification of trucks ramping-up significantly due to TCO benefit in specific use cases. Global production volume [K units] - 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 2020 2025 2030 2035 Source: MAHLE PWT Scenarios Q3 2026 BEV / FCEV ~ 25% Hybrids ~ 2% ICE (incl. Gasoline, Diesel, CNG / LNG, H2-ICE) ~ 73% Market and Business Highlights
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) Pictures, infographics or graphs may be placed into this box. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog 12 5.2 100% 1 Excluding Aftermarket Sales, Sales from Engineering Services / Powertrain, Shared Services & Industrial and Special Solutions. OE/OES acquired average annual sales1 (in EUR M) MAHLE Group Acquisitions – H1 2026 Significantly improved rate of acquisitions compared to prior year Market and Business Highlights 886 665 949 H1 2024 H1 2025 H1 2026 OE/OES lifetime sales of selected projects (in EUR M) HVAC Front with HV E-Heater Lifetime sales: ~ 680 E-Compressor Lifetime sales: ~ 440 Cooling Module Lifetime sales: ~ 270 Air Intake Module Lifetime sales: ~ 230 Visco Coolant Pump Lifetime sales: ~ 175
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog 13 MAHLE Industrial and Special Solutions Strategic target picture Market and Business Highlights Product offer ICE Best utilization of MAHLE abilities for non-road and stationary powertrains Thermal Fully exploit system know- how to expand into new application fields Electrification Scaling power & automotive expertise for best customer offer Vision | Leading solution provider for thermal, fluid, powertrain and charging technologies Mission | Profitable & global growth leveraged by cross-selling potentials + stringent usage of MAHLE infrastructure & expertise Core Business Infrastructure Light Industry Heavy Industry 1 26 3 4 5 7 RCI (Residential, Commercial, Industrial) AC systems, heat pumps, cooling applications Energy Solutions High power charging, battery storage, H2 re-fueling stations Leisure Motorcycle, ATV, 2-/3-wheeler/scooter, golf carts, small marine applications, gardening Logistics & Hydraulics Forklift, hydraulics, AGV Defense & Aviation Land, sea and air systems Rail Highspeed & city trains Industrial Engines Large marine applications, power generation, mining ATV = All-Terrain Vehicle; AGV = Automated Guided Vehicle
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Any picture can be used as a background. If there is no picture available, the title with pattern has to be used. Changing picture: MasterLayout tab > Background image > Insert... >> select picture 03 | Financials
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog 5,660 5,528-182 -4 53 15 MAHLE Group Sales – H1 2026 Sales development marked by negative FX effects Financials Sales (in EUR M) -0.1% Changes consol. Group 0.9% Organic change -3.2% FX-effects1 6,011 5,660 5,528 H1 2024 H1 2025 H1 2026 H1 2025 H1 2026 1 Exchange rate effects due to translation into the Group currency -132 -2.3% Sales in H1 2026 were 2.3% below H1 2025 due to negative FX translation. Adjusted for these effects an organic growth of 0.9% was achieved. From a regional perspective, the organic growth of 0.9% was mainly driven by North America and India.
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) Pictures, infographics or graphs may be placed into this box. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog 16 Powertrain and Charging1,863 34% Thermal and Fluid Systems 3,007 54% Lifecycle and Mobility 2 639 12% 1 Not including Engineering Services / Powertrain and Shared Services (in total EUR 18M) 2 Lifecycle and Mobility incl. OES Business: EUR 983M (18%) Sales by Business Unit 1 (in EUR M / in % of total sales) MAHLE Group Sales by Business Unit – H1 2026 Stable split compared to H1 2025 Financials
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) Die Inhaltsbox wird bündig unterhalb des Untertitels ausgerichtet. Die Überschrift wird bündig an der Navigationsbox ausgerichtet. Dokumentdaten ändern: MasterLayoutReiter > Datendialog 10% 7% 7% 6% 4% 4% 3% 3%2%2% 53% LV OEMs² 52% MHD OEMs² 13% Aftermarket³ 18% Others² 17% 17 Every section represents a whole customer group incl. all sub-brands MAHLE Group Sales Splits – H1 2026 Unique combination of scale and diversification Other customers Financials Sales by distribution channel (in % of total sales) Sales by customer (in % of total sales) Sales by region 1 (in % of total sales) 1 Based on sales by country of production ² Related to all Business Units except Lifecycle and Mobility ³ OES sales included in Aftermarket with 6.2% OES sales = Aftermarket sales directly with OEMs; Percentages in charts might not sum up to 100% due to rounding Europe (incl. Africa) 46% North America 27% South America 8% China 8% East Asia 7% India 4% EUR 5,528M EUR 5,528M EUR 5,528M
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog 18 Regional MAHLE Group Sales – H1 2026 Organic growth in North America, India, East Asia and South America Year-over-year MAHLE organic change 27% North America 46% Europe (incl. Africa) 8% 4% 7% East Asia India China YTD sales by region (in % of total sales)1 1 Based on sales by country of production ² Source: Data provided by Mobility Global LV 08/2026 Financials 8% South AmericaX% X% Year-over-year light vehicle production² +7.8% -13.4% -5% 0% -3.0% +1% +1.6% +6% +25.4% +14% +3.8% +3%
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog 6,011 5,660 5,528 H1 2024 H1 2025 H1 2026 Financials 19 +0.1pp Sales and gross margin (in EUR M & in %) 16.4% 17.0% 17.4% 17.5% 16.7% 17.6% Despite higher material prices, the gross profit margin increased adjusted for restructuring costs, due to plant and purchasing productivity improvements and sales price adjustments. MAHLE Group Gross Margin vs. Sales – H1 2026 Gross margin adjusted by restructuring costs is slightly improving -2.3% Gross margin reported Gross margin excl. restructuring costs Sales
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog 8.1% 6.4% 6.4%6.3% 6.5% 7.2% H1 2024 H1 2025 H1 2026 20 MAHLE Group EBITDA Margin Adjusted – H1 2026 Profitability momentum continues Financials EBITDA margin adjusted (in %) EBITDA margin reported EBITDA margin adjusted Adjusted EBITDA margin increased by 0.7 percentage points versus H1 2025, as plant and purchasing productivity improvements and sales price adjustments more than offset higher material costs, and adverse FX effects. Reported EBITDA margin remained stable at the prior- year level despite higher additions to restructuring provisions in H1 2026. +0.7pp
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. Changing document data: MasterLayout tab > Data dialog +0.5pp +0.8pp 0.0pp 0.0pp 21 MAHLE Group EBIT Margin – H1 2026 EBIT margin adjusted mainly impacted by restructuring costs, purchase price allocations (PPA) and goodwill Financials The adjustments to EBIT mainly relate to net restructuring costs as well as purchase price allocations and goodwill amortization. EBIT margin adjusted (in %) 2.3% M&A EBIT margin H1 2026 EBIT margin adjusted H1 2026 3.5% Impacts from PPA, goodwill amortization Net restructuring Others +1.2pp
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog 189 -182 134 H1 2024 H1 2025 H1 2026 MAHLE Free Cash Flow1 – H1 2026 Significant improvement in Free Cash Flow performance Financials 22 Reported Free Cash Flow (in EUR M) 1 Free Cash Flow (FCF) = Cashflow from operating activities and cashflow from investing activities Free Cash Flow in H1 2026 was EUR 316M higher than in the same period of 2025. The increase was mainly driven by improved operational performance, a lower increase in net working capital, lower net tax payments, lower CapEx, and the absence of the prior-year one-off cash outflow of EUR 68M relating to the acquisition of the remaining shares in MAHLE Behr. +316
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog MAHLE Net Debt & Leverage Ratio – H1 2026 Improved cash generation drives lower net debt Financials 23 Net debt1 and leverage ratio2 (in EUR M) 1 Net debt = liabilities to banks + bonds – cash in hand, bank balances and checks ² EBITDA calculated on the basis of trailing 12 months EBITDA 1,278 1,161 1,301 1,025 967 1.3 1.2 1.6 1.3 1.3 0 200 400 600 800 1,000 1,200 1,400 - 5.0 H1 2024 YE 2024 H1 2025 YE 2025 H1 2026 Net debt Leverage ratio -58 Net debt decreased by EUR 58M compared to year-end 2025 supported by strong cash generation. Stable, conservative leverage ratio.
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Any picture can be used as a background. If there is no picture available, the title with pattern has to be used. Changing picture: MasterLayout tab > Background image > Insert... >> select picture 04 | Financing and ESG
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog 255 323 1,361 325 3 255 323 1,361 476 1,200 25 MAHLE Group Funding Status Broad variety of drawn debt and funding sources1 Financing and ESG Funding status as of June 30, 2026 (in EUR M) Split of funding sources (EUR 3,615M) Headroom under committed credit lines: EUR 1.3B Cash: EUR 0.9BAvailable liquidity: EUR 2.3B Capital markets (Bonds, SSDs) RCF Asset-based funding2 Project-based funding Other credit lines & loans 1 Besides the visualized sources MAHLE further uses from time to time, project-based funding with (mostly) supranational institutions ² This includes ABS based on the receivables value (after deduction of discounts) & factoring programs engaged by MAHLE 3 RCF utilization not including ~EUR 31M for guarantees 4 Other credit lines & loans not including ~EUR 3M for guarantees Capital markets (Bonds, SSDs) RCF3 Asset-based funding 2 Project-based funding Other credit lines & loans4 Split of drawn debt (EUR 2,266M)
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog 107 25 30 18 37 37 37 37 36 36 8 89 103 55 34 20 5 19 200 500 500 2026 2027 2028 2029 2030 2031 2032 2033 SSD (EUR 162M) Project-based funding (EUR 255M) Other bank liabilities (EUR 325M) Bonds (EUR 1,200M) RCF (EUR 3M) Syndicated RCF (EUR 1.2B) 3 12 26 Maturity Profile – H1 2026 Well diversified profile proactively flattened and extended Financing and ESG 26 SSD = Schuldscheindarlehen RCF = Revolving Credit Facility Project-based funding = EIB, FINEP, Spanish entity government loan Maturities until 2033 (in EUR M) Average maturity of financial liabilities: 3.8 years Bond tender EUR -249.5M Bond tap EUR +200M 1 RCF utilization not including ~ EUR 31M for guarantees ² Other bank liabilities not including ~ EUR 3M guarantees
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog MAHLE Group’s ESG Highlights Sustainability is one of our strategic goals 27 Scope 1 direct emissions Scope 2 indirect emissions MAHLE Germany 100% renewable electricity since 20211 49% reduction by 20302 Goal: CO2 neutral by 2040 Scope 3 indirect emissions 28% reduction by 20302 for emissions in the supply chain and from the product use Financing and ESG | MAHLE GROUP | H1 2026 | September 2026 The MAHLE near-term climate targets have been successfully validated by the Science-Based Targets initiative (SBTi). CDP rated MAHLE with an “A“ which is the highest climate change rating. EcoVadis Rating: ‘Outstanding’ in Environment and Labor & Human Rights. MAHLE ranks in the top 2% of all companies assessed globally. Audited 2025 Sustainability Report as part of MAHLE Annual Report MAHLE ESG Facts & Figures 1 based on guarantees of origin for electricity generated from renewable energy sources ² in relation to 2019
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Any picture can be used as a background. If there is no picture available, the title with pattern has to be used. Changing picture: MasterLayout tab > Background image > Insert... >> select picture 05 | Outlook INVESTORS
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog Financial Outlook 20261 Further improvement of profitability and cash generation as key priorities 29 ~ 1.2x Net debt2/ EBITDA ~ EUR 11.0B Sales 1 Assuming no further material changes in the macro-economic environment or severe supply chain bottlenecks 2 Net debt = liabilities to banks + bonds – cash in hand, bank balances and checks Outlook ~ 7.5% EBITDA margin ~ EUR 250M Free Cash Flow €€ €
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog Financial Calendar & Upcoming Events Outlook 30 Upcoming investor relations events 2026 December 1, 2026 Investor Update Call – Quarterly Results Q3 2026, via MEETYOO
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. Changing document data: MasterLayout tab > Data dialog Contact Information 31 Ralph Josephs Vice President Corporate Finance Florian Ulrich Head of Group Financing & Investor Relations investor.relations@mahle.com
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) The content text box is aligned with the baseline of the subtitle. The headline text box is aligned with the letters of the navigation. A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Changing document data: MasterLayout tab > Data dialog 32 Q & A
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| MAHLE GROUP | H1 2026 | September, 2026 MAHLE internal (CL2) A protective space must be kept around the logo. This space must correspond at least to half of the height of the logo. Any picture can be used as a background. If there is no picture available, the title with pattern has to be used. Changing picture: MasterLayout tab > Background image > Insert... >> select picture Thanks for Your Attention!