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— MERCEDES - BENZ — GOVERNANCE PRESENTATION MERCEDES -BENZ GROUP AG ANNUAL GENERAL MEETING 2025 APRIL 2025
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— MERCEDES - BENZ — — MERCEDES - BENZ — AGENDA —GOVERNANCE PRESENTATION AGM 2025 — I. Corporate Profile II. Review FY 2024 III. Strategy IV. Annual General Meeting 2025 V. Supervisory Board
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— MERCEDES - BENZ — WE ARE ONE OF THE LEADING GLOBAL SUPPLIERS OF HIGH - END CARS AND PREMIUM VANS —GOVERNANCE PRESENTATION AGM 2025 — CORPORATE PROFILE 33 Mercedes-Benz Group AG1 Revenue: €145.6 billion2 Employees: 175,2643 1 Figures FY 2024 2 Incl. Reconciliation €-6.6 billion; the reconciliation includes eliminations of intra-Group revenue between the segments 3 Active workforce including holiday workers excluding thesis writers, interns, working students, PhD students, senior experts and trainees as of 31 December 2024; Mercedes-Benz Group incl. central functions & service employees Mercedes-Benz Mobility Revenue: €25.1 billion Employees: 9,269 Mercedes-Benz Vans Revenue: €19.3 billion Employees: 18,871 Mercedes-Benz Cars Revenue: €107.8 billion Employees: 139,196
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— MERCEDES - BENZ — — MERCEDES - BENZ — AGENDA —GOVERNANCE PRESENTATION AGM 2025 — I. Corporate Profile II. Review FY 2024 III. Strategy IV. Annual General Meeting 2025 V. Supervisory Board
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— MERCEDES - BENZ — MERCEDES -BENZ GROUP: KEY FIGURES —GOVERNANCE PRESENTATION AGM 2025 — REVIEW FY 2024 5 Revenue1 in billion euros EBIT in billion euros Earnings per share in euros Free Cash Flow (IB) in billion euros 2023 2024 19.7 13.6 -31% 13.46 10.19 2023 2024 -24% 2023 2024 11.3 9.2 -19% 2023 2024 152.4 145.6 -4% 2023 2024 31.1 31.4 +1% 1 2023 revenue has been corrected in accordance with IAS 8 2 Group Return on Sales considering the Industrial Business 3 Accrued interests are now shown under financing liabilities leading to a change of Net Industrial Liquidity RoS: 14.5%2 RoS: 10.3%2 Share buyback: EUR ~7 bn completed. Dividend: EUR 5.5 bn paid out. Net Industrial Liquidity3 in billion euros
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— MERCEDES - BENZ — DIVISIONAL REVIEW FY 2024 KEY MESSAGES —GOVERNANCE PRESENTATION AGM 2025 — REVIEW FY 2024 MERCEDES - BENZ CARS MERCEDES - BENZ VANS MERCEDES - BENZ MOBILITY Performance: Top line development impacted by market dynamics, intensified cost efficiencies at work, RoS adj. at 8.1%. Transformation: PHEV sales growth in subdued EV environment, opening of new competence center for battery development. Products: Launch of new G-Class (ICE & BEV), updated EQS, SL Maybach, several premieres at AMG. Technology: Elevating digital in-car user experience, advancing ADAS technology in all regions. Performance: Strong profitable growth by focusing on premium segments and portfolio adjustment. Digital services to enhance productivity of commercial customers. Transformation: Development and industrialization of one VAN architecture with both BEV and ICE. Product: Complete product portfolio renewed in 2024. First VAN.EA test vehicles on the road. Footprint: Continuous rightsizing of industrial base. Sale of business operations in Argentina. Costs: On track in all areas. 2024 fixed cost reduction of 3% vs. 2023. Portfolio slightly up, new business impacted by high competition in China. Acquisition margin stabilized in line with target return. Portfolio margin at subdued level. Cost of credit risk on elevated level. Efficiency measures led to significant cost improvements. Charging Solutions continued to expand. 6
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— MERCEDES - BENZ — — MERCEDES - BENZ — AGENDA —GOVERNANCE PRESENTATION AGM 2025 — I. Corporate Profile II. Review FY 2024 III. Strategy IV. Annual General Meeting 2025 V. Supervisory Board
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— MERCEDES - BENZ — DELIVERING ON THE MERCEDES -BENZ PROMISE —GOVERNANCE PRESENTATION AGM 2025 — 8 STRATEGY Next Level Performance. We increase the resilience of our business. “Because it’s a Mercedes-Benz.” We leverage the most valuable luxury car brand. Biggest-ever product & tech launch program. We up the ante in every segment we serve. What’s in it for investors? We generate attractive shareholder returns.
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— MERCEDES - BENZ — WHAT MAKES A CAR A MERCEDES- BENZ? THE PERFECT COMBINATION OF EXTRAORDINARY DETAILS —GOVERNANCE PRESENTATION AGM 2025 — 9 STRATEGY Safety Trustworthy responsibility Quality Engineering excellence Comfort Effortless comfort Design Sensual purity Intelligence Hyper-personalized user experience
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— MERCEDES - BENZ — OUR GOAL: WE BUILD THE WORLD’S MOST DESIRABLE CARS —GOVERNANCE PRESENTATION AGM 2025 — 10 STRATEGY
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— MERCEDES - BENZ — OUR GOAL: WE WILL BUILD THE WORLD’S MOST DESIRABLE CARS —GOVERNANCE PRESENTATION AGM 2025 — 11 STRATEGY
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— MERCEDES - BENZ — WE ARE DEBUTING THE “ONE -LITRE CAR” FOR THE ELECTRIC AGE STRATEGY —GOVERNANCE PRESENTATION AGM 2025 — 12 792 km range (WLTP) Up to 325 km charge in 10 min Energy consumption of 12.2 kWh / 100 km Technical requirements for bidirectional charging 150 kW to >400 kW output Premiere of MB.OS, full ADAS capability built-in
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— MERCEDES - BENZ — WE ARE COMMITTED TO OUR AMBITION 2039 STRATEGY Closing the loop Aiming to raise share of recycled materials for new vehicle content Accelerating the energy transition Aiming to further increase share of renewable energy sources at MBC production plants Reducing CO2 emissions Aiming for a net-carbon neutral* MB new vehicle fleet along entire value chain & over entire life cycle by 2039 *Carbon emissions that are not avoided or reduced at Mercedes-Benz are compensated for by certified offsetting projects. 13 —GOVERNANCE PRESENTATION AGM 2025 —
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— MERCEDES - BENZ — WE PLAN TO BE IN A POSITION TO CATER TO DIFFERENT CUSTOMER NEEDS UNTIL WELL INTO THE 2030s STRATEGY 1 Schematic graph, in k units 2 2025-2027 as % of total sales according to plan CLA as frontrunner of our new BEV line-up. xEV share >30% in 2027 boosted by GLC and C-Class hitting the market. MB Cars xEV 1 xEV Share2 2024 2027 368 2025 2026 BEV & PHEV 18.5% > 30% 14 —GOVERNANCE PRESENTATION AGM 2025 — ICE: High-tech electrified combustion engines are setting new performance & efficiency standards BEV: Visionary EQXX technology in series production 20-22%
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— MERCEDES - BENZ — WE INCREASE THE RESILIENCE OF OUR BUSINESS —GOVERNANCE PRESENTATION AGM 2025 — STRATEGY Direct sales Leveraging data insights from sales and customers to use as a strategic asset for even more sales control Optimized contribution margin Utilizing micro-segment analysis, data-driven pricing and trade cycle management to tap growth potential and drive customer retention Customer experience Ensuring outstanding customer experience across all core processes & markets, one way of working for sales & financial services Building on strong TEV position Defend market share & favorable pricing Taking on challenge in Core segment China-fit products for highly competitive environment Delivering competitive technology Boost local capabilities & enhance local tech cooperations with a focus on ADAS & infotainment Improving our cost position Build strong local sourcing capabilities, structural optimization, benchmark manufacturing costs Industrial footprint Rightsizing to market demand, substantially optimizing production costs Material costs Focusing on technical & commercial improvements jointly with suppliers Investments Reducing investments & allocating capital to most promising segments Fixed costs Continuing track record of fundamental cost savings 15 WE AIM TO SUSTAINABLY IMPROVE OUR REVENUE QUALITY WE ARE STRENGTHENING OUR COMMITMENT TO CHINA WE ARE INTENSIFYING OUR EFFORTS TO REDUCE COSTS AND PRIORITIZE FUNDING Mercedes-Maybach SL 680 Monogram Series (provisional figures, combined energy consumption: 13.7 l/100 km | combined CO₂ emissions: 312 g/km | CO₂ class: G)
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— MERCEDES - BENZ — WE HAVE A ROAD MAP BACK TO DOUBLE -DIGIT ROS —GOVERNANCE PRESENTATION AGM 2025 — 16 STRATEGY MASTERING TRANSFORMATION Prudent macro and market perspective. Product momentum materializing in sales, revenues and margin. Absorbing higher BEV share. Next Level Performance yielding benefits over time in variable and fixed costs. Investment decline post 2025. Roadmap to double digit. Ambition 2027 and beyondGuidance 2025 Transition phase 2025 – 2026 ≥ 10% CCR2 6-8% ~ 1.0 10 5 0 Final tariff impact including latest tariff announcements currently under evaluation. MB CARS MARGIN CORRIDOR 1RoS in % 1 Schematic graph 2 Cash Conversion Rate
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— MERCEDES - BENZ — WE HAVE A SOLID TRACK RECORD IN GENERATING CASH —GOVERNANCE PRESENTATION AGM 2025 — 17 STRATEGY 2019 – 2024 ~€30 bn Dividend2 2021 + Share buyback 65% Daimler Truck Spin-off €7 bn €23 bn 2024 >€30 bn + 1 Schematic graph 2 Dividend for the years 2019-2024 paid out in the following year 3 Daimler Truck share price development from 10 Dec 2021 to 31 Dec 2024 4 Net liquidity of the industrial business as of 31 Dec 2024 5 For an investment in the former Daimler AG shares considering all returns (incl. spin-off shares and dividend payouts from MB Group and Daimler Truck) >€45 bn >30% Share price3 + Dividends + CASH GENERATED SINCE 2019 1 2019 – 2024 2019 2020 2021 2022 2023 2024 CASH RETURN TO SHAREHOLDERS 1 TOTAL SHAREHOLDER RETURN 2019 – 2024 >100% 5 INTERNAL RATE OF RETURN 2019 – 2024 ~13% 5 NET LIQUIDITY 4
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— MERCEDES - BENZ — — MERCEDES - BENZ — AGENDA —GOVERNANCE PRESENTATION AGM 2025 — I. Corporate Profile II. Review FY 2024 III. Strategy IV. Annual General Meeting 2025 V. Supervisory Board
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— MERCEDES - BENZ — — MERCEDES - BENZ — AGENDA —GOVERNANCE PRESENTATION AGM 2025 — Creation of Conditional Capital 2025 Approval of the remuneration report for financial year 2024 Appropriation of distributable profit Authorization to use derivative financial instruments for acquisition of treasury shares Appointment of the auditors Annual Report for financial year 2024 – without voting Approval of the remuneration system for the Board of Management members New authorization to acquire and use treasury shares Ratification of Supervisory Board members’ actions in financial year 2024 Remuneration for Supervisory Board members Elections to the Supervisory Board Ratification of Board of Management members’ actions in financial year 2024 Articles of Incorporation: Authorization to hold virtual shareholders’ meeting Articles of Incorporation: Venue of the Shareholders’ Meeting 01 02 03 04 05 06 07 08 09 10 11 12 13 14 19 ANNUAL GENERAL MEETING 2025 Mercedes-Benz Group AG - AGM 2025 Convocation
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— MERCEDES - BENZ — BENCHMARK CAPITAL ALLOCATION FRAMEWORK IN PLACE —GOVERNANCE PRESENTATION AGM 2025 — ANNUAL GENERAL MEETING 2025 20 Capital allocation framework in place. Dividend of €4.302 equivalent to 41% payout ratio. Intended renewal of the 10% authorization for share buybacks at the AGM 2025 as a precondition for new share buybacks. New share buyback3 of up to €5 bn in up to 24 months supported by continued cash generation and potential monetization of a share of our stake in Daimler Truck. € 5 bn SHARE BUYBACK 2025 2027 €4.302 Dividend per share 2026 + CAPITAL ALLOCATION 1 1 Schematic graph 2 Proposed to AGM 2025 3 Subject to new AGM authorisation Appropriation of distributable profit02
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— MERCEDES - BENZ — DIESEL EMISSIONS ISSUES —GOVERNANCE PRESENTATION AGM 2025 — ANNUAL GENERAL MEETING 2025 21 • During the last business year, as in previous years, the Supervisory Board paid close attention to the diesel emissions issue. • The Supervisory Board's analysis of the potential liability of current and former Members of the Board of Management , which has been ongoing for several years, has been completed. • The Supervisory Board, together with its legal experts, has examined what led to the diesel emissions issue and whether appropriate measures were omitted at Management Board level. The analysis included, among other things, the actions of all Members of the Board of Management from 2005 onwards with regard to the emission control technologies and software functionalities used in diesel engines, as well as all related circumstances. It covered, among other regions, Germany, the EU, as well as the U.S. The analysis concluded that there are no claims against Members of the Board of Management. This conclusion is consistent with the findings of the authorities and courts . • The Supervisory Board assesses the still ongoing civil and administrative proceedings . These are pursued in the company’s best interests, consistent with the strategy jointly approved with the Supervisory Board. • For details, please refer to the statement of Professor Dr Roland Steinmeyer ( Statement on the duties of the Supervisory Board in connection with the Diesel Emissions Matter). Ratification of Supervisory Board members’ actions04 Chairman's Letter AGM 2025
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— MERCEDES - BENZ — ANTITRUST MATTERS —GOVERNANCE PRESENTATION AGM 2025 — ANNUAL GENERAL MEETING 2025 22 • Furthermore, antitrust matters continue to be an important issue for the Supervisory Board . • In the concluded proceedings of the European Commission and the South Korean antitrust authority relating to anticompetitive conduct with regard to exhaust aftertreatment systems for cars with diesel engines (SCR – Selective Catalytic Reduction) the company did not have to pay a fine due to its cooperation with the authorities ; no further fines are expected in this antitrust matter. This also applies to the investigations by the European Commission and the British Competition and Markets Authority (CMA) in the field of end-of-life vehicles disposal. The company has been cooperating extensively with the authorities from an early stage. • With regard to all mentioned proceedings, the Supervisory Board is still reviewing potential compensation claims against current or former members of the Board of Management. The same holds true for potential claims with regard to the trucks proceedings already concluded by the European Commission; those potential claims have remained with the company irrespective of the spinoff of the truck and bus business. • The Supervisory Board has fully performed its supervision tasks under stock corporation law . This was confirmed again in February 2025 in an amended expert opinion by Professor Dr Mathias Habersack ( Statement on the duties of the Supervisory Board in connection with cartel matters). Ratification of Supervisory Board members’ actions04 Chairman's Letter AGM 2025
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— MERCEDES - BENZ — METHODOLOGICAL IMPACT & STAGGERED SALARY INCREASE EFFECT —GOVERNANCE PRESENTATION AGM 2025 — ANNUAL GENERAL MEETING 2025 23Remuneration Report | 2024 Annual Bonus - Deferral 2022* Annual Bonus / Base Salary* A key change in the remuneration system for the Board of Management members, approved by the 2023 Annual General Meeting, was the removal of the so-called deferral, whereby half of the annual bonus payout was delayed by a year. 2024 is the final year with an overlap of the old and current system; the 2022 bonus deferral was paid out in March 2024, as well as the full annual bonus for the 2023 financial year. The Board of Management last received a salary increase in 2023, with the first part of the increase taking effect in mid-2023 and the second part in the first half of 2024. The Supervisory Board decided that a further increase to the Board of Management's salaries in 2024 was not appropriate. 2021 2024 Paid out after the end of the financial year 2023 + 2022 + 50% 50% 50% 100% 100% Paid out after the end of a further year (deferral) Deferral removed 50% 1H/2023 2H/2024 Annual bonus / Base salary 1H/2024 + 2H/2023 + 50% of 2023 increase 50% of 2023 increase No increase in 2024 *Schematic graph Remuneration report for financial year 202406
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— MERCEDES - BENZ — IN 2025, FIVE MEMBERS HAVE A REGULAR END OF TERM —GOVERNANCE PRESENTATION AGM 2025 — ANNUAL GENERAL MEETING 2025 Dr Martin Brudermüller1 (Chairman) Timotheus Höttges SHAREHOLDER REPRESENTATIVE Ben van Beurden Liz Centoni Professor Dr Helene Svahn2 Olaf Koch2 Dame Polly Courtice Marco Gobbetti 2014 2015 2016 2017 2021202020192018 20242022 2025EGM1 2026 Year of election Year of end of term in office 2027 Stefan Pierer 2028 Dr Doris Höpke 1 Re-elected at AGM 2024 with effect from AGM 2025 2 Extraordinary General Meeting 2021 (Oct) 2023 Elections to the Supervisory Board07 24
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— MERCEDES - BENZ — ALL MEMBERS UP FOR RE -ELECTION ARE COMMITTED TO CONTINUING THEIR APPOINTMENT —GOVERNANCE PRESENTATION AGM 2025 — ANNUAL GENERAL MEETING 2025 Chairman Dr Martin Brudermüller Ben van Beurden Liz Centoni Dame Polly Courtice Marco Gobbetti Joined board in Elected until Dr Doris Höpke Timotheus Höttges Olaf Koch Stefan Pierer Professor Dr Helene Svahn Joined board in Elected until 2021 2021 2021 2022 2022 2024 2020 2021 2023 2021 2028 2025 2025 2027 2025 2028 2025 2025 2026 2026 SHAREHOLDER REPRESENTATIVE 07 Elections to the Supervisory Board 25
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— MERCEDES - BENZ — RECTIFYING COMMITTEE REMUNERATION ENTITLEMENTS —GOVERNANCE PRESENTATION AGM 2025 — ANNUAL GENERAL MEETING 2025 Art. 10 (§ 10) Remuneration of the Supervisory Board, Liability Insurance: “ (3) …Committee activities are only taken into account if the committee in question has met at least twice in the financial year in the performance of its duties.” “ (5) …Proportionate remuneration for functions on committees requires that the relevant committee has held at least two meetings in discharge of its duties during the respective part of the financial year.” Components with changes and retroactive effect as of 1 January 2024 (proposal) + In the event of a change of committee of a member during the year, the current requirement means that the relevant entitlements to committee remuneration lapse despite continuous committee membership, albeit on different committees. This loophole with respect to the function-related remuneration of Supervisory Board members identified in 2024 is to be rectified by means of the proposed adjustment with retroactive effect as of 1 January 2024. Remuneration for Supervisory Board members11 26 Remuneration system Supervisory Board Synopsis - Articles of Incorporation
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— MERCEDES - BENZ — ALIGNED WITH BUSINESS STRATEGY, SUSTAINABLE AND LONG -TERM GROWTH —GOVERNANCE PRESENTATION AGM 2025 — ANNUAL GENERAL MEETING 2025 ~ 30% ~ 70% Target remuneration Short-term variable remuneration Long-term variable remuneration Reduction or complete abolishment/reclaim of the variable remuneration is possible The number of the shares to be held up to two years after the end of service relationship is set between 20,000 and 75,000 shares. Up to 25% of the gross remuneration out of each PPSP is generally to be used to acquire shares. Base salary Fringe benefits Pension commitment Annual bonus Performance Phantom Share Plan (PPSP) ~ 30% ~ 40% + Remuneration system for the Board of Management12 Components with changes for 2026 onwards (proposal) Components of the remuneration system Fixed remuneration Variable remuneration Malus / Clawback Stock ownership guidelines+ 27 Remuneration system Board of Management 2023
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— MERCEDES - BENZ — VARIABLE REMUNERATION CURRENT SYSTEM —GOVERNANCE PRESENTATION AGM 2025 — ANNUAL GENERAL MEETING 2025 0% - 200% Target/actual comparison: EBIT (weighting 50%) FCF of IB1 (weighting 50%) -10% - 10% Employee, Customer (quality, satisfaction), Integrity -25% - 25% Environment, Social, Governance max. 200% (cap) 100% of target achievement paid out after one year Performance criteriaTarget / cap Performance criteriaTarget / cap Relative return on sales Relative share performance 0% - 200% 0% – 200% 0% - 200% max. 250% (cap) After the three-year performance period and an obligatory one-year retention period ESG (weighting 20%) Payout Transformation targets Non-financial targets Financial targets Payout + = + Financial targets (weighting 80%) = + 1 IB = Industrial Business 2 The Supervisory Board generally chooses between one and up to four ESG targets for the plan term that it derives from the corporate strategy of the Mercedes-Benz Group and which are relevant for supporting and implementing of this. Remuneration system for the Board of Management12 Components with changes for 2026 onwards (proposal) Variable remuneration (short-term & long-term) 28 Annual bonus Performance Phantom Share Plan Criteria catalogue for the selection of ESG targets (e.g. xEV)2
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— MERCEDES - BENZ — SHORT -TERM VARIABLE REMUNERATION PROPOSED AMENDMENTS —GOVERNANCE PRESENTATION AGM 2025 — ANNUAL GENERAL MEETING 2025 Annual bonus since FY 2023 Performance criteriaTarget / cap Annual bonus FY 2026* * Amendment to be submitted to AGM for approval; witheffect from 1 January 2026 Remuneration system for the Board of Management12 Components with changes for 2026 onwards (proposal) Short-term variable remuneration 0% - 200% Target/actual comparison: EBIT (weighting 50%) FCF of IB (weighting 50%) -10% - 10% Employee, Customer (quality, satisfaction), Integrity -25% - 25% Environment, Social, Governance max. 200% (cap) 100% of target achievement paid out after one year Performance criteriaTarget / cap Transformation targets Non-financial targets Financial targets Payout Return on sales (RoS) target/actual comparison (weighting 50%) Integrity & Employee, Customer, Quality, Occupational safety, xEV FCF of IB target/actual comparison (weighting 50%) 0% - 200% 0% – 200% 0% - 200% max. 200% (cap) 100% of target achievement paid out after one year Non-financial targets (weighting 30%) Payout Financial targets (weighting 70%) + = + = + 29 Remuneration System Board of Management 2026
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— MERCEDES - BENZ — AMENDMENTS REMAIN ALIGNED WITH SUSTAINABLE BUSINESS STRATEGY AND LONG -TERM GROWTH 1 —GOVERNANCE PRESENTATION AGM 2025 — ANNUAL GENERAL MEETING 2025 1 Amendment to be submitted to AGM for approval; witheffect from 1 January 2026 2 The Supervisory Board generally chooses between one and up to four ESG targets for the plan term that it derives from the corporate strategy of the Mercedes-Benz Group and which are relevant for supporting and implementing of this. Remuneration system for the Board of Management12 Variable remuneration (short-term & long-term) 30 Performance criteriaTarget / cap Annual bonus FY 20261 Return on sales (RoS) target/actual comparison (weighting 50%) Integrity & Employee, Customer, Quality, Occupational safety, xEV FCF of IB target/actual comparison (weighting 50%) 0% - 200% 0% – 200% 0% - 200% max. 200% (cap) 100% of target achievement paid out after one year Non-financial targets (weighting 30%) Payout Financial targets (weighting 70%) = + Performance criteriaTarget / cap Relative return on sales Criteria catalogue for the selection of ESG targets (e.g. CO2 fleet emissions)2 Relative share performance 0% - 200% 0% – 200% 0% - 200% max. 250% (cap) After the three-year performance period and an obligatory one-year retention period ESG (weighting 20%) Payout Financial targets (weighting 80%) = + PPSP FY 20261 Remuneration System Board of Management 2026
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— MERCEDES - BENZ — ANNUAL GENERAL MEETING 2025 31 Authorization to hold virtual shareholders’ meeting 14 2025 Annual General Meeting Investor feedback, preservation of shareholder rights, cost, sustainability and the agenda considered in decision for virtual format Positive experience Virtual AGM’s 2023 and 2024 held in full compliance with shareholder rights and with a pleasantly high attendance New authorisation Proposal to AGM 2025 based on positive experience and company's own aspiration to assume a significant position in the field of digitalisation; Chairman of the Supervisory Board as the statutory chairman of the meeting to be included in Board of Management decision in the future Authorisation period New authorization limited to two years for reassessment by shareholders PRESERVING SHAREHOLDER RIGHTS AND NEW AUTHORIZATION ON SIGHT
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— MERCEDES - BENZ — — MERCEDES - BENZ — AGENDA —GOVERNANCE PRESENTATION AGM 2025 — I. Corporate Profile II. Review FY 2024 III. Strategy IV. Annual General Meeting 2025 V. Supervisory Board
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— MERCEDES - BENZ — ADJUSTED COMPETENCE PROFILE WITH REGIONAL EXPERTISE AS NEW REQUIREMENT —GOVERNANCE PRESENTATION AGM 2025 — SUPERVISORY BOARD 33 Gender 90% COMPETENCIES / EXPERIENCE share of 10 shareholder representatives (with effect from 1 January 2025) 1 e.g. Production, Procurement, Software, Processes, Data protection 2 Especially: Environment: Green Production & Logistics, Climate & Decarbonisation Strategy; Social: People Plan, Sustainable Supply Chains; Governance: Sustainable Corporate Governance, Sustainable Finance 40% women ∅ 3.2 years 60% non-German 100% independent Tenure 2 Internationality 1 Independence 3 SELECTED KEY FIGURES 10 shareholder representatives 100% 80% 100% 100% 100% 100% 70% 80% Transformation (e.g. product, working models) HR (e.g. personnel management, employee issues, working environment) Sustainability/ESG2 Finance (e.g. accounting, controlling, risk management, audit, M&A) Strategy Innovation, Research & Development, Technology Sales / Brand Capital Market Industrie & Digitalisation/IT1 1 Internationality: In addition to nationality, the international experience is a further criterion 2 as of March 2025 3 Within the meaning of the German Corporate Governance Code Supervisory Board Annual Report 2024 80% 100% 90% 80% Germany Europe America Asia-Pacific (especially China) Regional Competencies / Experience
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— MERCEDES - BENZ — —GOVERNANCE PRESENTATION AGM 2025 — 34 SUPERVISORY BOARD Chairman Gender Year of birth Nationality International experience Educational / professional background Joined board in Term limit not breached Independence1 Age limit not breached 1 Within the meaning of the German Corporate Governance Code Dr Martin Brudermüller Ben van Beurden 2021 2021 2021 2022 2022 Male Male Female Female Male 1961 1958 1964 1952 1958 German Dutch US-American British / South Africa Italian Chemistry Chemical engineering Chemistry/MBA/software engineering History/marketing/ sustainability International management/sales Formal Suitability Diversity Tenure Liz Centoni Dame Polly Courtice Marco Gobbetti QUALIFICATION MATRIX SHAREHOLDER REPRESENTATIVES (W ITH EFFECT FROM 1 JANUARY 2025)
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— MERCEDES - BENZ — QUALIFICATION MATRIX SHAREHOLDER REPRESENTATIVES (W ITH EFFECT FROM 1 JANUARY 2025) —GOVERNANCE PRESENTATION AGM 2025 — SUPERVISORY BOARD Chairman Transformation (e.g. product, working models) HR (e.g. personnel management, employee issues, working environment) Sustainability/ESG2 Innovation, research and development, technology Sales / Brand Finance (e.g. accounting, controlling, risk management, audit, M&A) Strategy Capital market 1 e.g. Production, Procurement, Software, Processes, Data protection 2 Especially: environmental – green production and logistics, climate and decarbonization strategy; social – people plan, sustainable supply chains; governance – sustainable corporate governance, sustainable finance. Dr Martin Brudermüller Ben van Beurden Liz Centoni Dame Polly Courtice Marco Gobbetti Industrie & Digitalisation/IT1 Germany Europe America Asia-Pacific (especially China) Competencies / Experiences Regional Competencies / Experiences
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— MERCEDES - BENZ — QUALIFICATION MATRIX SHAREHOLDER REPRESENTATIVES (W ITH EFFECT FROM 1 JANUARY 2025) —GOVERNANCE PRESENTATION AGM 2025 — 36 SUPERVISORY BOARD Gender Year of birth Nationality International experience Educational / professional background Joined board in Term limit not breached Independence1 Age limit not breached 1 Within the meaning of the German Corporate Governance Code Dr Doris Höpke Olaf Koch Stefan Pierer Professor Dr Helene Svahn 2024 2021 2023 2021 Female Male Male Female 1966 1970 1956 1974 German German Austrian Swedish Law/mediation Business administration Integrated master’s degree in engineering -business and energy management Biotechnology/electrical engineering Timotheus Höttges 2020 Male 1962 German Business administration/MBA Formal Suitability Diversity Tenure
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— MERCEDES - BENZ — QUALIFICATION MATRIX SHAREHOLDER REPRESENTATIVES (W ITH EFFECT FROM 1 JANUARY 2025) —GOVERNANCE PRESENTATION AGM 2025 — SUPERVISORY BOARD Dr Doris Höpke Olaf Koch Stefan Pierer Professor Dr Helene Svahn Timotheus Höttges Transformation (e.g. product, working models) HR (e.g. personnel management, employee issues, working environment) Sustainability/ESG2 Innovation, research and development, technology Sales / Brand Finance (e.g. accounting, controlling, risk management, audit, M&A) Strategy Capital market 1 e.g. Production, Procurement, Software, Processes, Data protection 2 Especially: environmental – green production and logistics, climate and decarbonization strategy; social – people plan, sustainable supply chains; governance – sustainable corporate governance, sustainable finance. 3 Financial expert in accordance with Section 107(4) in conjunction with Section 100(5) of the German Stock Corporation Act (AktG), Recommendation D.3 DCGK (German Corporate Governance Code). Industrie & Digitalisation/IT1 3 3 Germany Europe America Asia-Pacific (especially China) Competencies / Experiences Regional Competencies / Experiences
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— MERCEDES - BENZ — COMMITTEES SUPPORTING THE WORK OF THE SUPERVISORY BOARD —GOVERNANCE PRESENTATION AGM 2025 — SUPERVISORY BOARD Presidential Committee Audit Committee Legal Affairs Committee Nomination Committee Mediation Committee Dame Polly Courtice Chairman Olaf Koch Dr Doris Höpke Ben van Beurden Chairman Dr Martin Brudermüller Timotheus Höttges* Chairman Olaf Koch* Ben van Beurden Chairman Dr Martin Brudermüller Ben van Beurden Chairman Dr Martin Brudermüller Liz Centoni • makes recommendations to the Supervisory Board on the appointment or reappointment of members of the Board of Management • advises and decides on issues relating to corporate governance and issues recommendations on such issues to the extent Supervisory Board approval is required • assists and counsels the Chairman and Vice Chairman of the Supervisory Board * Financial expert in accordance with Section 107(4) in conjunction with Section 100(5) of the German Stock Corporation Act (AktG), Recommendation D.3 DCGK (German Corporate Governance Code). • responsible for examining the interim accounts as well as the preliminary examination of the annual financial statements and the consolidated financial statements of Mercedes-Benz Group AG • prepares the decisions of the Supervisory Board concerning the approval of the annual financial statements and the endorsement of the consolidated financial statement • authorized to engage the annual auditor appointed by the Annual Meeting of Shareholders on behalf of the Supervisory Board and to determine the audit emphasis • gives recommendations to the Supervisory Board on the appropriation of net income, financial measures and the like • coordinates the exercise of the rights and duties of the Supervisory Board with regard to the emissions- and antitrust- related proceedings • prepares resolutions of the Supervisory Board in this context and makes appropriate recommendations for resolutions • propose candidates representing the shareholders for the Supervisory Board’s election proposals the General Meeting • established by the Supervisory Board pursuant to its obligations under § 27 (3) Co-Determination Act 1 Except for the Nomination Committee, which will be comprised only of shareholder representatives, there shall be equal representation (parity) of shareholder and employee representatives among the members of the Committees. Committees of the Supervisory Board and their shareholder representative members 1 Supervisory Board committees Rules of Procedure of the Supervisory Board and its Committees
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— MERCEDES - BENZ — —GOVERNANCE PRESENTATION AGM 2025 — 39 Because it’s Mercedes -Benz The Perfect Blend of Luxury and Tech
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— MERCEDES - BENZ — CONTACTS – INVESTOR RELATIONS Christian Keller Analysts, Defense and Equity Relations Email: christian.ck.keller@mercedes-benz.com Alexander Jasperneite Analysts, Creditor and Equity Relations Email: alexander.jasperneite@mercedes-benz.com Stephanie Dumke Capital Market Communication ESG Email: stephanie.dumke@mercedes-benz.com Erwin Bacher Annual General Meeting & Share Register Email: erwin.bacher@mercedes-benz.com Visit our Investor Relations Website: —GOVERNANCE PRESENTATION AGM 2025 — Andreas Kusche Capital Market Communication ESG Email: andreas.kusche@mercedes-benz.com
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— MERCEDES - BENZ — DISCLAIMER This document contains forward-looking statements that reflect our current views about future events. The words “anticipate”, “assume”, “believe”, “estimate”, “expect”, “intend”, “may”, “can”, “could”, “plan”, “project”, “should” and similar expressions are used to identify forward- looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a negative change in market conditions in our most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates, customs and foreign trade provisions; changes in laws, regulations and government policies (or changes in their interpretation), particularly those relating to vehicle emissions, fuel economy and safety or to the communication regarding sustainability topics (environmental, social or governance topics); price increases for fuel, raw materials or energy; disruption of production due to shortages of materials or energy, labour strikes or supplier insolvencies; a shift in consumer preferences towards smaller, lower-margin vehicles; a limited demand for all-electric vehicles; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilize our production capacities; a decline in resale prices of used vehicles; the effective implementation of cost- reduction and efficiency-optimization measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; the resolution of pending governmental investigations or of investigations requested by governments and the outcome of pending or threatened future legal proceedings; and other risks and uncertainties, some of which are described under the heading “Risk and Opportunity Report” in the current Annual Report. If any of these risks and uncertainties materializes or if the assumptions underlying any of our forward-looking statements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication. —GOVERNANCE PRESENTATION AGM 2025 —