Page 1

QUARTERLY REPORT AS OF SEPTEMBER 30 , 2021 SUCCESSFUL SPIN - OFF IN SEPTEMBER > From now on , Vitesco Technologies is operating as an independent player in the dynamically growing electric vehicle market > Consolidated revenue in Q3 2021 down slightly year - over - year due to semiconductor shortage Q3 2021 adjusted operating income of € 22.8 million with an adjusted EBIT margin of 1.2 % Free cash flow negative in Q3 2021 due to significant increase in inventories and higher capex requirements Outlook for fiscal year 2021 : Vitesco Technologies forecasts revenue between € 8,200 million and € 8,400 million , an adjusted EBIT margin of 1.5 % to 1.7 % , and a free cash flow of € 70 million to € 120 million owing to the generally challenging market environment and progress in transforming the Group > > vitesco TECHNOLOGIES > Listing of Vitesco Technologies Group Aktiengesellschaft The third quarter of 2021 will go down as a milestone in the history of Vitesco Technologies . With the successful listing after spinning off from Continental AG , September 16 , 2021 , marks the start of a new era as an independent company . It also represents one of Germany's larger stock market listings in recent years , with a transaction volume of nearly € 2.4 billion . The first price at which shares in Vitesco Technologies Group Aktiengesellschaft were traded was € 59.80 . The shares closed their first day of trading at € 58.90 . The closing price on September 30 , 2021 , was € 51.00 , making for a market capitalization of slightly above € 2 billion as of the reporting date . The change in the share price and its relatively high volatility are attributable in particular to the initial change in the shareholder structure . Several institutional investors , especially passive index funds , were forced to sell their stakes in Vitesco Technologies due to investment restrictions . 1