Slides
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0 4 N O V E M B E R 2 0 2 6 Q3 2026 Trading Update
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The information and opinions contained in this Presentation are provided as at the date of this Presentation, are subject to change without notice and do not purport to contain all information that may be required to evaluate AUTO1 Group SE. AUTO1 Group SE undertakes no obligation to update or revise this Presentation. No reliance may or should be placed for any purpose whatsoever on the information contained in this Presentation, or any other information discussed verbally, or on its completeness, accuracy or fairness. The information in this Presentation is of preliminary and abbreviated nature and may be subject to updating, revision and amendment, and such information may change materially. Neither AUTO1 Group SE nor any of its directors, officers, employees, agents or affiliates undertakes or is under any duty to update this Presentation or to correct any inaccuracies in any such information which may become apparent or to provide any additional information. The Presentation and discussion contain forward looking statements, other estimates, opinions and projections with respect to anticipated future performance of AUTO1 Group SE (“forward-looking statements”). By their nature, forward-looking statements involve significant risks and uncertainties, because they relate to events and depend on circumstances that may or may not occur in the future. forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Similarly, past performance should not be taken as an indication of future results, and nor representation or warranty, express or implied, is made regarding future performance. The development of AUTO1 Group SE’s prospects, growth, strategies, the industry in which it operates, and the effect of acquisitions on AUTO1 Group SE may differ materially from those made in or suggested by the forward-looking statements contained in this Presentation or past performance. In addition, even if the development of AUTO1 Group SEs prospects, growth, strategies and the industry in which it operates are consistent with the forward-looking statements contained in this Presentation or past performance, those developments may not be indicative of AUTO1 Group SE results, liquidity or financial position or of results or developments in subsequent periods not covered by this Presentation. Any forward-looking statements only speak as at the date of this Presentation is provided to the recipient and it is up to the recipient to make its own assessment of the validity of any forward-looking statements and assumptions. No liability whatsoever is accepted by AUTO1 Group SE in respect of the achievement of such forward-looking statements and assumptions. Disclaimer For the purposes of this notice, “Presentation” means this document, its contents or any part of it. This Presentation does not, and is not intended to, constitute or form part of, and should not be construed as, an offer to sell, or a solicitation of an offer to purchase, subscribe for or otherwise acquire, any part of it form the basis of or be relied upon in connection with or act as any inducement to enter into any contract or commitment or investment decision whatsoever. This Presentation is neither an advertisement nor a prospectus and should not be relied upon in making any investment decision to purchase, subscribe for or otherwise acquire any securities. IMPORTANT NOTICE 2
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3 Highlights
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4 We Delivered Best Ever Group Profitability and Record Adj. EBITDA Margin in Q3 Highlights Q3 25 Group Adj. EBITDA EUR Million Group Adj. EBITDA Margin % Q3 26 Group Gross Profit EUR MillionGroup Units Sold K Units Group GPU* EUR Q3 25 Q3 26 50 100 150 200 250 219 Q3 25 243 Q3 26 60 120 180 240 300 258 298 1,176 1,234 75 15 30 45 60 52 2.4% 76 3.2% * GPU is not equal to gross profit/number of cars sold because of the effects of inventory changes due to the capitalisation of internal refurbishment costs which are not part of cost of materials +11% YoY +16% YoY +46% YoY
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Merchant Update
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6 Merchant Update 6 Merchant Gross Profit EUR Million Merchant GPU EUR Merchant Adj. EBITDA EUR Million Merchant Adj. EBITDA Margin % 62 Q3 25 3.7% 80 Q3 26 4.5% 30 45 60 75 15 +30% YoY 150 170 190 210 185 Q3 25 212 Q3 26 +15% YoY Merchant Units Sold K Units 150 170 190 210 192 Q3 25 211 Q3 26 +10% YoY 966 1,005 6 Merchant Delivers Record GPU and Adj. EBITDA Driven by Strong Operating Leverage
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7 Our Merchant Network Continues to Grow Strongly Merchant Update Average Basket # Purchased Cars Per Quarter Buying Merchants on AUTO1.com # Unique Buyers, K Q3 25 30.9 Q3 26 36.5 5.8 Q3 26 6.2 Q3 25 6.0 3.0 1.5 4.5 40 20 10 30 +18% YoY
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88 Merchant Update We Plan to Introduce a New Version of Financing with Buy Now, Pay Later Current Offer: AUTO1 Financing Portfolio Balance €330m +16% YoY ● 1-click-financing solution ● Flexible Terms: Interest charged per day ● Simple Payment: Interest paid monthly ● Proven at scale: Established in 8 markets New Version: Buy Now, Pay Later ● 1-click-financing solution ● Flexible Terms: Pay for 60, 90 or 120 days ● Simple Pricing: Fee added to car price and paid with the car ● Launch Plan: 5+ new markets over the coming quarters
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9 Merchant Segment Delivered Substantial Operating Leverage in Q3 Merchant Update EUR Units 216,293 Marketing per Unit (144) GPU 957 Q1 2026 SG&A per Unit (654) Adjusted EBITDA Merchant per Unit 303 191,632 (137) 966 Q3 2025 190,364 (147) 986 Q4 2025 (645) (666) 321 320 Adjusted EBITDA Margin, % Merchant 3.5%3.7% 3.7% 206,883 (147) 959 (633) 326 10.3% 13.3% 4.0% (2.8%) 17.6% 3.7% 0.8 pp Differences may exist due to rounding Unit Growth, YoY, % 18.8%21.6% 17.1% 17.1% 1,200k 1,025+ FY Milestone 400+ (140) - (110) 1,080 - 1,200 LT Target (600) - (480) 480 - 720 10–15% 10–15% Q2 2026 Q3 YoY 9 211,461 (155) 1,005 (627) 378 4.5% 10.3% Q3 2026
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Retail Update
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11 Retail Update Autohero Delivered Record GPU and Best Ever Adj. EBITDA Margin * GPU is not equal to gross profit/number of cars sold because of the effects of inventory changes due to the capitalisation of internal refurbishment costs which are not part of cost of materials* GPU is not equal to gross profit/number of cars sold because of the effects of inventory changes due to the capitalisation of internal refurbishment costs which are not part of cost of materials 0 Retail Adj. EBITDA EUR Million Retail Adj. EBITDA Margin % -2 -9.6 -4.3 -4 -6 -8 -10 20 40 60 80 73 86 10 15 20 25 30 Retail Gross Profit EUR Million Retail GPU* EUR 2,664 2,777 Retail Units Sold K Units +16% YoY +18% YoY Q3 25 Q3 26Q3 25 Q3 26 27.0 31.4 Q3 25 Q3 26 -2.1% -0.8% +56% YoY
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12 Retail Update Rising Brand Recognition and Fastest Ever Delivery Make Autohero Unique Source: Nielsen Brand Tracker. Aided brand awareness Weighted by population aged 18-64. Average for 9 Autohero markets * Average delivery time refers to the duration between order verification and the handover to the customer. Time averages both time for home deliveries and deliveries to a pick-up location 8.9 Average Delivery Time* Total, End of Q3 2026 Days 12 25% 30% 35% 40% Autohero Brand Awareness % Q3 25 32 Q3 26 39 +7pp YoY 13% Faster QoQ
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13 Cross-Border Listings Pilot Brings More Selection To Our Customers Across Europe ● Currently testing in Poland and Italy ● Asset-Light: Cars only move once sold ● Margin-Neutral: Taxes and transport priced in ● Experimenting with selection and pricing German Autohero Inventory Cross-Border Listings in Poland and Italy Retail Update
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14 Retail Unit Economics Substantially Improved Over the Course of Q3 Driven By Strong GPU and SG&A Performance Retail Update * GPU is not equal to gross profit/number of cars sold because of the effects of inventory changes due to the capitalisation of internal refurbishment costs which are not part of cost of materials. Capitalisation of internal refurbishment costs is added to SG&A. ** Marketing expenses include both Purchasing Marketing and Retail Marketing. Differences may exist due to rounding. Q1 2026Q3 2025 Q4 2025 32,486 (788) 2,555 (2,732) (177) 26,985 (965) 2,664 28,746 (1,007) 2,632 (3,022) (3,179) (357) (546) (1.0%)(2.1%) (3.2%) Q2 2026 Q3 YoY 33,415 (884) 2,503 (2,768) (266) 16.2% (3.1%) 4.2% (3.6%) +220 (1.5%) +1.3 pp EUR Units Marketing ** per Unit GPU * SG&A per Unit * Adjusted EBITDA Retail per Unit Adjusted EBITDA Margin, % Retail Unit Growth, YoY, % 47.8%41.7% 39.9% 40.3% 300k 3,300+ FY Milestone 800+ (710) - (540) 3,880 - 4,470 LT Target (2,430) - (2,060) 1,450 - 2,410 20–40% 20–40% 14 Q3 2026 31,356 (935) 2,777 (2,913) (137) (0.8%) 16.2%
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15 Q3 2026 Financial Figures
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16 Opex excl. SDI (€m) Adjusted EBITDA Margin Adjusted EBITDA (€m) Units Sold Revenue (€m) Gross Profit (€m) GPU* (€) o/w Employee Costs excl. SDI (€m) o/w Internal Logistics (€m) o/w Marketing Expenses (€m) AUTO1 Group Financial Figures (572.9) 2.5% 152.3 623,161 6,038.3 725.2 1,162 (260.6) (78.4) (139.0) 8.1% 0.8pp 45.7% 11.1% 10.4% 15.7% 4.9% 7.2% 1.3% 18.8% *GPU is not equal to gross profit/number of cars sold because of the effects of inventory changes due to the capitalisation of internal refurbishment costs which are not part of cost of materials. Differences may exist due to rounding Q3 YoY 9M 2025 Financials (674.1) 2.7% 194.0 731,894 7,214.8 868.1 1,191 (302.7) (89.3) (178.9) 9M 2026 17.7% 0.2 pp 27.4% 17.4% 19.5% 19.7% 2.5% 16.2% 13.9% 28.7% 9M YoY (205.8) 2.4% 51.9 218,617 2,124.8 257.7 1,176 (90.9) (27.6) (52.3) Q3 2025 (220.2) 2.1% 45.2 219,110 2,134.3 265.4 1,202 (99.4) (29.7) (56.9) Q4 2025 (229.5) 2.5% 59.8 248,779 2,437.1 289.4 1,166 (102.5) (32.1) (56.7) Q1 2026 (222.1) 2.4% 58.6 240,298 2,432.1 280.7 1,174 (102.8) (29.2) (60.0) Q2 2026 (222.5) 3.2% 75.6 242,817 2,345.6 298.0 1,234 (97.5) (28.0) (62.2) Q3 2026
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17 Solid Balance Sheet Structure Supports Our Assets Growth Without Consuming Own Capital Financials Inventory EUR Million 695692 Consumer Finance EUR Million Merchant Finance EUR MillionABS Funded AUTO1 Funded 803 Q3 26Q2 26 140 70 350 210 280 259 Q3 26Q2 26 ABS Funded* AUTO1 Funded ABS Funded AUTO1 Funded 878 360 180 900 540 720 260 111 7058 330 317183 10 0124 576 320 160 800 480 640 783 700 Q3 26Q2 26 683 * Includes €11m of repo liabilities for the FinanceHero3 risk retention tranche, with recourse to AUTO1 Group only to the extent the ABS structure does not repay the respective notes.
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18 We Continue to Convert Profit Into Cash Financials 650 600 700 Q2 26 Q3 26 676 707 Total Cash EUR Million Q3 26 Cash Flow EUR Million Differences may exist due to rounding ** Change in cash and cash equivalents * Aggregate other operating, financing and investing cash flows comprise all other cash flows other than Adj. EBITDA, Inventory and Captive Finance receivables Cash inflow / outflow for net changes in inventory and captive finance assets may vary from q-on-q change in net funded amount as allowance and ECL movements impacting asset values are reflected in Adj. EBITDA Adj. EBITDA Aggregate other operating, financing and investing cash flows* Consumer:Net Captive finance AUTO1 Cash Flow** Net Inventory increase Merchant:Net Captive finance 76 +24 -73 +20 -14 32 0 €32m Cash increase
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19 FY 2026 Guidance
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20 We See Bigger Gaps Between Buyer and Seller Price Expectations While the Demand Side Continues to be Very Strong FY 2026 Guidance *Data points represent the monthly average number of cars available for sale on AUTO1.com during the respective months. +20% +10% Unique Viewing Dealers YoY Fuel Price and Cars available for Sale on AUTO1.com +0,60 +0,40 +0,20 0,00 52k 50k 48k 46k Jun Jul Aug Sep +29.1% +25.8% +27.3% +24.0% 47.1k 47.0k 46.0k 44.2k +0.14 € (+8%) +0.33 € (+20%) +0.40 € (+23%) +0.53 € (+30%) Jun Jul Aug Sep Fuel Price ∆ €/liter, volume and country weighted compared to Feb 26 Cars available for sale Merchant*
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21 We Confirm Our Guidance Despite Current Macro Headwinds Unit Guidance Units Group Units Merchant Units Autohero Financial Guidance Gross Profit EUR 1.1 - 1.2bn Adj. EBITDA EUR 250 - 275m FY 2026 Guidance 940 - 1,000k 815 - 865k 125 - 135k
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22 Our Vertically Integrated Business Model Maximizes Value For Our Customers en Route to 10% Market Share 219 +11% YoY 243 200 20 40 60 80 100 120 140 160 180 220 240 Group Units Sold K Units 22 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Q3 262024 Q3 25
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23 Appendix
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24 240 220 40 60 80 100 120 140 160 180 200 260 200 20 40 60 80 100 120 140 160 180 220 Outstanding Growth Trajectory Since Foundation Long Term Growth Dynamics 258219 299 243 240 280 Gross Profit EUR MillionGroup Units Sold K Units 2014 2015 2016 2017 2018 2019 2020 2021 2022 Q3 252023 Q3 2620242014 2015 2016 2017 2018 2019 2020 2021 2022 Q3 252023 Q3 262024 +16% YoY +11% YoY
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25 AUTO1 Sourcing Advantages Brand Awareness Trustpilot Score DE 63% 4.2 FR 59% 4.3 IT 72% 4.7 ES 64% 4.2 NL 52% 3.9 SE 59% 4.2 BE 55% 4.4 AT 59% 4.2 Brand Recognition by country Our C2B Products Generate Superior Value For Our Selling Customers Data source: ● Nielsen Brand Tracker, Q3 2026 (DE/ES/FR/IT: Sample size 3,000 per market, NatRep 18-64 age. NL/SE/BE/AT: Sample size 1,000 per market, NatRep 18-64 age. Data for the Portugal market is not available). ● Trustpilot, Autohero, 03.11.2026 ● Hassle-free and fast online car appraisal ● Optimal prices based on Pan-European demand aggregation ● Convenient drop-off locations ● Immediate payment to our customers ● Seamless deregistration Our Brand Promises 90% Of All Cars AI-Priced
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26 Logistic truck pic ● Access to unique Pan-European inventory with 50,000+ cars on the platform ● Pan-European supply generates highly attractive prices Convenient Financing Largest Selection & Great Prices ● AI recommendations for excellent matchmaking ●Bidding in digital auctions, payment and logistic services fully integrated on AUTO1.com ●Cross-border paperwork and administration handled Fast and Digital ● 1-click-financing solution integrated in the purchasing process ● Instant delivery or pick-up of the car ● 100% Loan-to-Value Our Merchant Business for Dealers The Best B2B Buying Experience
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27 ● 17,000+ cars across Europe on Autohero ● Every car quality-checked and fully refurbished to the same high standards Maximum Convenience Superb Selection ●Lower cost at scale: The bigger we get, the better the deal for every customer Great Prices ● Fast delivery or pick-up ● Seamless and quick car buying and financing experience ● 21-day money back guarantee ● Fully embedded financing. Competitive financing rates Our Retail Business for Private Customers The Best Car Buying Experience
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28 Units 585,545 Marketing (140) GPU 714 615,335 (151) 914 FY 2022 FY 2024 1,200k 1,025+ Milestone 523,019 (168) 801 FY 2023 740,732 (141) 976 FY 2025 555,351 (172) 749 FY 2021 SG&A, of which: (655) (658)(720) (653)(636) Adjusted EBITDA Merchant 58 257 400+ 82 323113 Merchant per Unit, EUR Adjusted EBITDA Retail Units GPU* Marketing SG&A, of which: 300k 3,300+ Milestone 63,066 1,724 (782) FY 2023 FY 2022 64,164 1,094 (1,734) FY 2021 41,380 362 (2,615) 74,438 2,178 (648) FY 2024 FY 2025 101,539 2,638 (904) Retail per Unit, EUR 800+ (1,376) (3,100) (3,113) (4,208) (4,100) (4,462) (655) (2,833) (410) (3,048) (140) - (110) 1,080 - 1,200 LT target (600) - (480) 480 - 720 3,880 - 4,470 LT target (710) - (540) 1,450 - 2,410 (2,430) - (2,060) Units Growth, yy, % 5% 18% 10–15% -11% 20% 10 - 15% Units Growth, yy, % 20–40% -2%55% 18% 36% 20 - 40% Differences may exist due to rounding. Milestone targets are annual targets. * GPU equals gross profit divided by number of units sold and differs to the reported GPU on other slides, which is adjusted for effects from capitalisation of internal refurbishment costs. Progress Towards 10% Market Share and Highly Attractive Unit Economics Continues Our Long Term Goals 28
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29 (144) (31.1) Differences may exist due to rounding Units Sold 10.3% Average Revenue per Unit (€) (2.4%) Revenue (€m) 7.7% GPU (€) 4.0% Gross Profit (€m) 14.8% 191,632 8,645 1,656.6 966 185.1 Segment: Merchant (AUTO1.com) Merchant: Financials 190,364 8,622 1,641.2 986 187.7 216,293 8,695 1,880.6 957 207.0 206,883 8,864 1,833.7 959 198.5 Marketing / per unit (€) (147) SG&A (€m) (141.4) (131.1) Adjusted EBITDA Merchant / unit (€) 303 326 13.3% 7.3% 17.6% (137) (147) (123.6) (126.7) 321 320 Adjusted EBITDA margin Merchant % 3.5% 3.7% 0.8 pp3.7% 3.7% SG&A / per unit (€) (654) (633) (2.8%)(645) (666) Marketing (€m) Adjusted EBITDA Merchant (€m) 65.6 67.5 29.8%61.5 60.9 (30.5) 25.0%(26.3) (27.9) Q1 2026 Q3 YoYQ2 2026Q3 2025 Q4 2025 211,461 8,439 1,784.6 1,005 212.5 (155) (132.6) 378 4.5% (627) 79.9 (32.8) Q3 2026
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30 (266) *GPU is not equal to gross profit/number of cars sold because of the effects of inventory changes due to the capitalisation of internal refurbishment costs which are not part of cost of materials. Capitalisation of internal refurbishment costs is added to SG&A / unit (€). Marketing expenses include Purchase Marketing and Retail Marketing. Differences may exist due to rounding. Units Sold Average Revenue per Unit (€) Revenue (€m) GPU* (€) Gross Profit (€m) Marketing / per unit (€) SG&A (€m) Adjusted EBITDA Retail / unit (€) Adjusted EBITDA margin, Retail % SG&A / unit* (€) Marketing (€m) Adjusted EBITDA Retail (€m) Q1 2026 Q3 YoYQ2 2026Q3 2025 Q4 2025 26,985 17,351 468.2 2,664 72.5 (965) (82.2) (9.6) (2.1%) (3,022) (26.0) (357) 28,746 17,153 493.1 2,632 77.8 (1,007) (93.5) (15.7) (3.2%) (3,179) (28.9) (546) 32,486 17,131 556.5 2,555 82.4 (788) (88.1) (5.8) (1.0%) (2,732) (25.6) (177) 17,906 598.3 2,503 82.2 33,415 (884) (91.1) (8.9) (1.5%) (2,768) (29.5) 16.2% 3.1% 19.8% 4.2% 18.0% (3.1%) 9.3% (55.5%) 1.3 pp (3.6%) 12.6% (61.7%) Segment: Retail (Autohero) Retail: Financials Q3 2026 17,892 561.0 2,777 85.5 31,356 (935) (89.8) (4.3) (0.8%) (2,913) (29.3) (137)
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31 Captive Finance Non-Recourse Funding: Step 1, Funding Assets Senior + Mezzanine NotesJunior Notes Sell Captive Finance Receivables Payment for Receivables with proceeds from Notes External Lenders ● Banks ● Asset Management ● Funds Financing SPVs ● Autohero Funding ● AUTO1 Car Funding ● Merchant Finance ● Finance Hero ● Assets: Captive Finance Receivables ● Liabilities: ● Senior notes ● Mezzanine Notes ● Junior notes Captive Finance Financing SPV’s purchase captive finance receivables from AUTO1 Group Financing SPVs fund themselves with mix of external debt and funding from AUTO1 Group to fund purchase of receivables ● External funding often structured as multiple tranches with different levels of seniority ● Under EU (and US) securitisation regulations, AUTO1 Group as originator needs to provide at least 5% of funding as risk retention Lenders have only claim against the assets held by SPV and related interest cash flows ● Financing SPVs are legally NOT part of AUTO1 Group and their debt is not guaranteed or otherwise supported by AUTO1 Group (“non-recourse”) AUTO1 Group
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32 Merchants Captive Finance Non-Recourse Funding: Step 2, Debtors Pay Senior + Mezzanine Notes Fixed Interest + Repayment Servicing Fees + Excess Interests + Final Collections Junior Notes / Risk Retention Interest + Principal External Lenders ● Banks ● Asset Management ● Funds Financing SPVs ● Assets: Captive Finance Receivables ● Liabilities: ● Senior notes ● Mezzanine Notes ● Junior notes AUTO1 Group Interest + Principal Captive Finance ● Debtor payments split between interest and principal waterfall ● Interest waterfall distributed monthly in order of priority ● Servicing fee to AUTO1 ● Credit losses credited to principal waterfall to ensure full repayment ● Senior interest payments ● Mezzanine interest payments ● Remaining amounts to AUTO1 Group as Excess Interest / economic claim ● Principal repayments and credit loss compensation: ● In revolving period (ie “warehouse”) used to purchase incremental new receivables ● During amortisation (ie FinanceHero) used to repay debt in order of seniority with junior notes repaid last ● Junior Notes repaid from collections once external debt repaid Consumers
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33 Captive Finance Non-Recourse Funding: What is AUTO1 Group Exposure? Captive Finance ● AUTO1 provides funds upfront to allow SPV to purchase receivables but has no subsequent obligation to commit further cash ● Base case is that AUTO1 Group makes a good return on captive finance structures: ● AUTO1 entitled to excess of interest paid by debtors over refinancing cost and credit losses ● Upfront risk retention provided by AUTO1 will be repaid as receivables paid off in amortisation case ● If credit performance is so bad that cost of credit exceeds the net interest margin, then most junior tranche (ie risk retention) will be impaired ● Worst case is that AUTO1 will not receive excess interest and initial investment in risk retention will not be repaid. AUTO1 is not obliged to commit any more cash. ● While AUTO1 Group is not owner of Financing SPV and does not guarantee any SPV liabilities, AUTO1 is exposed to the positive (or negative) development of the Financing SPV. We therefore fully consolidate the assets and liabilities.
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34 AUTO1 Balance Sheet: Our ABS Financial Debt is Non-Recourse Captive Finance EUR Million selected balance sheet lines Rationale to exclude from Corporate Net Debt Assets Liabilities ABS Facility Draw Level, % Q3 2026 Q3 2026 Cash 707 Inventory 878 Inventory ABS Liabilities FloorPlan financing is generally considered short term payables rather than debt by Ratings Agencies 695 79% Merchant Finance Receivables 330 Merchant Finance ABS Liabilities Under Ratings Agencies Captive Finance Rules, Non-recourse re-financing does not count towards net debt 260 79% Consumer Finance Receivables 783 Consumer Finance ABS Liabilities* Under Ratings Agencies Captive Finance Rules, Non-recourse re-financing does not count towards net debt 683 87% * Includes €11m of repo liabilities for the FinanceHero3 risk retention tranche, with recourse to AUTO1 Group only to the extent the ABS structure does not repay the respective notes.
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35 Investor Relations Contacts Contacts Philip Reicherstorfer Group Treasurer Address Bergmannstr. 72 10961 Berlin Tel. +49 170 556 9259 E-Mail ir@auto1-group.com 35 Maria Shevtsova Head of Investor Relations