Slides
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Autoneum to Acquire Trèves Group Conference Call to Financial Analysts & Journalists Nov. 2, 2026
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Presenters & Agenda Nov. 2, 2026 Autoneum to Acquire Trèves Group I Conference Call 2 Key Transaction Highlights Financial Rationale Trèves Group Synergies Q&A Session Eelco Spoelder, CEO Bernhard Wiehl, CFO
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Key Transaction Highlights Nov. 2, 2026 Autoneum to Acquire Trèves Group I Conference Call 3 Acquisition is a value-generating move for Autoneum’s future Pro-forma revenue of the combined organization expected to exceed CHF 2.9 billion in 2026 Delivers >CHF 50 million annual run-rate synergies Target with attractive EV/EBITDA multiple at 3.1x post-synergies EPS accretive from 2028 with deleveraging to <1.5x net debt/EBITDA in the medium term
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Trèves Group Overview Nov. 2, 2026 Autoneum to Acquire Trèves Group I Conference Call 4 Company Description Privately owned Group founded in 1836 Headquartered in Paris, France Majority shareholders: Trèves family and Fonds Avenir Automobile No. 4 player globally in the automotive acoustics and thermal management market Main markets: Europe & North America Approx. 4’600 employees globally, across 26 sites in 15 countries Key customers: global, well balanced customer base; such as Source: Company information Financials 530 425 500 570 670 720 720 2019 2020 2021 2022 2023 2024 2025 Revenue in EUR million Global Footprint Production sites in Austria, Brazil, China, Czech Republic, France, Italy, Mexico, Morocco, Portugal, Romania, Slovakia, United States, United Kingdom, Spain, Türkiye
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Trèves Product & Technologies Overview Nov. 2, 2026 Autoneum to Acquire Trèves Group I Conference Call 5 MAIN TECHNOLOGIES engine and e- motor insulators, beauty covers underbody shields, heatshields, wheelhouse outer liners, engine bay insulators floor carpet and insulators, Inner dashes trunk trim, trunk carpets, parcel shelves, trunk covers, load floors • textile • felt • foam • heavy layer • injected plastic
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Consideration Structure Nov. 2, 2026 Autoneum to Acquire Trèves Group I Conference Call 6 EUR355m EUR64m Upfront consideration ~EUR 40m* Potential earn-out up to ~EUR 24m* Post-synergy EV/EBITDA multiple of ~3.1x =+ Maximum consideration EUR 64m* *The final value of upfront consideration and earn-out paid is calculated based on the share price at transfer date, which may differ from the 90-day average share price used to calculate the number of shares.
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Financing Structure & Deleveraging Nov. 2, 2026 Autoneum to Acquire Trèves Group I Conference Call 7 ~2.0x 1.5x At closing Mid-term 2.0x <1.5x Cash portion financed from existing funds >80% of upfront consideration in newly issued shares Trèves financing covered by underwritten senior unsecured term loan FINANCING STRUCTURE MID-TERM TARGET RANGE <1.5x HY1 2026 Net debt/EBITDA
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Synergies: Four Strong Levers Nov. 2, 2026 Autoneum to Acquire Trèves Group I Conference Call 8 Total synergies >CHF 50m Improved cost base and competitiveness PURCHASING INSOURCING SG&A Leverage on larger purchasing volumes Increase internal sourcing opportunities across the combined Group Overhead consolidation FOOTPRINT Consolidation and better utilization
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Synergies: Footprint Optimization Creates Growth Opportunities Nov. 2, 2026 Autoneum to Acquire Trèves Group I Conference Call 9 FOOTPRINT OPTIMIZATION Optimize manufacturing footprint in countries with overlapping operations Higher capacity utilization Improved operational efficiency Reduced structural costs STRATEGIC FOOTPRINT EXPANSION Trèves enhances Autoneum’s presence in key automotive markets Romania, Morocco, Brazil Closer proximity to customers Platform for further growth
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Timeline Nov. 2, 2026 Autoneum to Acquire Trèves Group I Conference Call 10 SIGNING Definitive agreement signed APPROVALS Nov. - Dec. 2026 Consultation of relevant employee bodies of the Trèves Group and regulatory & antitrust approvals pending CLOSING & INTEGRATION Early Q1 2027 Expected closing and integration initiated TARGETS March 2027 Updated mid-term targets announced
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Summary Nov. 2, 2026 Autoneum to Acquire Trèves Group I Conference Call 11 1. Acquisition is value-generating for Autoneum: EPS accretive from 2028. 2. Combined organization expected to exceed revenue of CHF 2.9 billion in 2026. 3. Annual run-rate of all synergies of more than CHF 50 million to be generated from the third year after closing. 4. Upfront consideration of approximately EUR 40 million, plus a potential earn-out of up to EUR 24 million.* 5. More than 80% of the upfront consideration to be settled through newly issued shares from the existing capital band of Autoneum Holding Ltd and the remainder in cash. 6. Closing expected in early Q1 2027, subject to consultation of relevant employee bodies and customary regulatory approvals. *The final value of upfront consideration and earn-out paid is calculated based on the share price at transfer date, which may differ from the 90-day average share price used to calculate the number of shares.
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12 3 4 Click on „Join Audio Q&A“ Click on „Audio Q&A“ Q&A – Via Text or Audio 5 And then raise your hand to ask a question 6 When you get admitted, allow your browser to use your microphone Note: Your camera feed will not be used or displayed during the Q&A session. 1 Click on „Text Q&A“ 2 Enter your question and hit the “ASK Question” button Autoneum to Acquire Trèves Group I Conference Call
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Disclaimer Nov. 2, 2026 Autoneum to Acquire Trèves Group I Conference Call 13 This document contains forward-looking statements that are not historical facts. By their nature, forward looking statements and the assumptions underlying them involve potentially inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, outlooks, projections and other outcomes described, assumed or implied therein will not occur. Important factors that could cause such differences include, but are not limited to, the future geopolitical environment, economic conditions, market conditions, currency exchange rates, legislative, tax and regulatory developments, the successful integration of the automotive business of Trèves Group, activities of competitors and other factors within or outside Autoneum’s control. Although Autoneum believes that its expectations reflected in such forward-looking statements are based on reasonable assumptions, due to the uncertainties and risks mentioned above, no assurance can be given that these expectations will be realized. Autoneum also assumes no obligation to update forward-looking statements or to adapt them to future events or developments. © 2026 Autoneum Holding Ltd, all rights reserved.
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