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EARNINGS RELEASE September 2026
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2 DISCLAIMER • This document has been prepared by CIE Automotive, S.A. ("CIE Automotive"), and is for information purposes only. No reliance may or should be placed for any purposes whatsoever on the information contained in this document or on its completeness, accuracy or fairness. This document and the information contained herein are strictly confidential and are being shown to you solely for your information. The information may not be copied, distributed, reproduced or passed on, directly or indirectly, in whole or in part, or disclosed by any recipient, to any other person (whether within or outside such person's organization or firm) or published in whole or in part, for any purpose or under any circumstances. • This document is an advertisement and not a prospectus for the purposes of applicable measures implementing EU Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive") and as such does not constitute or form part of any offer to sell or issue or invitation to purchase or subscribe for, or any solicitation of any offer to purchase or subscribe for, any securities of CIE Automotive or any of its affiliates or subsidiaries, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. Investors should not subscribe for or purchase any securities referred to in this advertisement except on the basis of the information contained in any prospectus eventually published in accordance with the Prospectus Directive. The information and opinions contained in this document are provided as at the date of the document and are subject to change. • This document is not an offer of securities for sale in the United States, Australia, Canada or Japan. The information contained herein does not constitute an offer of securities for sale in the United States, Australia, Canada or Japan. Securities may not be offered or sold in the United States unless they are registered or are exempt from registration. No money, securities or other consideration is being solicited and, if sent in response to the information contained herein, will not be accepted. Copies of this document are not being, and should not be, distributed or sent into the United States. This document does not constitute an offer of securities to the public in the United Kingdom or in any other jurisdiction. The distribution of this document in other jurisdictions may also be restricted by law and persons into whose possession this document comes should inform themselves about and observe any such restrictions. • Certain financial and statistical information contained in this document is subject to rounding adjustments. Accordingly, any discrepancies between the totals and the sums of the amounts listed are due to rounding. Certain management financial measures included in this document have not been subject to a financial audit. • The information and opinions contained in this document are provided as at the date of the document and are subject to verification, completion and change without notice. Neither CIE Automotive nor any of its parent or subsidiary undertakings, or the subsidiary undertakings of any such parent undertakings, or any of such person's respective directors, officers, employees, agents, affiliates or advisers, undertakes any obligation to amend, correct or update this document or to provide the recipient with access to any additional information that may arise in connection with it. • CIE’s management uses recurrently and in a consistent way during business management certain Alternative Performance Measures, APM which include terms about results, balance sheet and cash flow. CIE understands that those APMs are helpful to explain its activity evolution, so they are presented, defined and reconciled with financial statements in this presentation’s Appendix.
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INTRODUCTION
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4 Dear all, As we enter the final stretch of 2026, nine months of results once again demonstrate CIE Automotive’s ability to deliver growth while maintaining industry-leading profitability levels. In an environment that continues to be shaped by volatility, currency movements and very different dynamics across markets, our adaptability, operational discipline and the diversification of our model continue to set us apart. This combination enables us to maintain consistent execution and continue creating value beyond market performance. We approach the year-end with confidence and with our priorities unchanged. Our 2026–2027 guidance continues to define our roadmap: outperforming the market, maintaining operational excellence, financial discipline and integrating new businesses, always with the objective of delivering sustainable value creation. We continue moving forward with ambition and rigour, confident that the strength of our model and the capabilities of our team enable us to address both today’s challenges and the opportunities arising from the transformation of our industry. CEO’S STATEMENT Jesús María Herrera CEO
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5 Industry-leading growth, significantly outperforming a flat global market Financial rigour and discipline to differentiate ourselves and consolidate our position in an uncertain global context Global and local profitability at excellent levels, reflecting the strength of our operating model Exceptional cash generation to grow, invest, and reward shareholders while maintaining a robust balance sheet SEPTEMBER 2026 HIGHLIGHTS OUTPERFORMANCE +8.7 p.p. vs. market* NET INCOME 274.8 €m +3.2% vs. 2025 PROFITABILITY 19.0% EBITDA MARGIN 14.2% EBIT MARGIN OPERATING CASH FLOW GENERATION 408.5 €m 71.1% of EBITDA • Light vehicle production data weighted by CIE ’s geographic mix contributions – Source: IHS Vehicle Production – Global light vehicle market SEPTEMBER 2025: 19.0% and 14.1% SEPTEMBER 2025: 383.8 €m; 70.7% 2026 HIGHLIGHTS A unique model in the industry
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6 MARKET DATA Global production remains relatively stable, with significantly different trends across regions Europe and North America show moderate performance, while the dynamism of India and Brazil contrasts with the contraction of the Chinese market Stable global market, regional divergences In an industry with structurally flat global volumes, value creation depends primarily on operational execution, gains in positioning in key markets, and geographic diversification Value creation vs. volume GLOBAL PRODUCTION 9 MONTHS MILLION UNITS GLOBAL ANNUAL PRODUCTION MILLION UNITS Source: IHS Vehicle Production – Global light vehicle market – 2026: IHS forecast data estimates for 2026 67.868.0 69.9 70.3 66.1 51.0 56.0 60.4 66.3 65.2 68.3 2020 2021 2022 2023 2024 2025 20262016 2017 2018 2019 91.693.1 95.1 94.2 89.0 74.6 77.2 82.3 90.5 89.6 93.1 2020 2021 2022 2023 2024 2025 2026E2016 2017 2018 2019
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7 INDUSTRY OVERVIEW In a challenging environment… … companies with the ability to adapt, operational efficiency, and financial strength are best positioned to sustain margins, generate cash, and continue investing in the future Global production is stabilizing, with limited growth and divergent regional dynamics Limited global growth Rising costs, price competition, and the technological transition are reinforcing the need for efficiency and disciplined investment Pressure on efficiency and profitability The adoption of technological changes (electrification and digitalization) is progressing more gradually, with increasing pressure on investment returns Technological transformation Trade tensions, competitive intensity, uncertainty in supply chains, and ongoing conflicts in various regions continue to create a volatile operating environment Volatile environment
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SEPTEMBER RESULTS 2026
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9 SALES PERFORMANCE 2026 vs 2025 - September At constant exchange rates +8.7 p.p.Market -0.7% CIE +8.0% -1.8% 9.7% 0.3% 15.6% -5.5%-5.2% 17.4% 13.3% 23.0% -10.9% Market CIE NORTH AMERICA BRAZIL EUROPE INDIA CHINA -3.4 p.p. +13.0 p.p. +7.7 p.p. +7.4 p.p. Source: IHS Vehicle Production October 2026 (9 months 2026 – % unit growth) – Global light vehicle market 2026 sales include a 4.4% inorganic growth contribution -5.4 p.p.
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10 Q3 RESULTS 2026 Strong quarterly execution in a challenging environment, delivering profitable growth and operational excellence while achieving industry-leading profitability levels Q3 RESULTS (€m) 2025 2026 Sales 973.9 1,037.2 EBITDA 184.4 195.5 % EBITDA / sales 18.9% 18.8% EBIT 133.2 144.2 % EBIT / sales 13.7% 13.9% EBT 118.6 125.8 Net income 80.4 83.5
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11 SEPTEMBER RESULTS 2026 The cumulative results at the end of the third quarter confirm CIE’s ability to combine growth and profitability, maintaining margins at exceptional levels and well above the sector’s usual standards, even in an unfavorable foreign exchange environment SEPTEMBER RESULTS (€m) 2025 2026 Sales 2,974.0 3,140.9 EBITDA 563.6 596.5 % EBITDA / sales 19.0% 19.0% EBIT 419.1 444.6 % EBIT / sales 14.1% 14.2% EBT 377.2 394.2 Net income 266.2 274.8
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12 SALES GEOGRAPHICAL BALANCE 3,140.9 €m 596.5 €m EBITDA 26.3% North America 12.6% Brazil 5.6% China 17.3% India 38.2% Europe 26.8% North America 14.2% Brazil 5.6% China 16.1% India 37.3% Europe
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13 GEOGRAPHICAL PROFITABILITY Consistent profitability and balanced geographic footprint across all geographies demonstrate a robust and globally scalable model NORTH AMERICA EBITDA 19.4% EBIT 13.9% EBITDA 18.5% EBIT 13.1% EBITDA 17.7% EBIT 14.3% EBITDA 18.9% EBIT 13.0% EBITDA 21.5% EBIT 18.1% BRAZIL EUROPE CHINA INDIA 19.0% EBITDA EBIT 14.2% CIE AUTOMOTIVE Global strength based on local excellence
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14 BUSINESS PERFORMANCE EBITDA (€m) CAGR 2016-2026: 9% EBIT (€m) CAGR 2016-2026: 10% NET INCOME (€m) CAGR 2016-2026: 11% Data for the first 9 months of each year in €m, corresponding to the Automotive segment COVID-19 COVID-19 COVID-19 COVID-19 3,140.9 -400,0 100,0 600,0 1.100,0 1.600,0 2.100,0 2.600,0 3.100,0 3.600,0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 596.516.3% 16.9% 17.6% 18.4% 15.2% 18.4% 17.1% 18.0% 18.6% 19.0% 19.0% 0,0% 5,0% 10,0% 15,0% -80,0 120,0 320,0 520,0 720,0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 444.6 11.3% 12.2% 13.4% 13.6% 9.9% 13.4% 12.2% 13.3% 13.9% 14.1% 14.2% 5,0% 6,0% 7,0% 8,0% 9,0% 10,0% 11,0% 12,0% 13,0% 14,0% 0,0 100,0 200,0 300,0 400,0 500,0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 274.8 0,0 50,0 100,0 150,0 200,0 250,0 300,0 350,0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 SALES (€m) CAGR 2016-2026: 6% COVID-19 COVID-19 COVID-19 COVID-19
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BALANCE SHEET SEPTEMBER 2026
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16 BALANCE SHEET SEPTEMBER 2026 COMPARATIVE BALANCE SHEET (€m) DEC 2025 SEP 2026 Fixed assets 3,564.3 3,901.9 Net Working Capital (490.2) (399.6) TOTAL NET ASSETS 3,074.1 3,502.3 Equity 1,847.7 2,186.7 Net Financial Debt 912.8 956.9 Others (net) 313.6 358.7 TOTAL NET LIABILITIES 3,074.1 3,502.3 Non-recourse factoring 314.7 313.6 Balance sheet growth driven by investment and expansion, while maintaining a solid financial structure through disciplined capital management
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17 FINANCIAL POSITION 2026 Exceptional operating cash flow generation. enabling the financing of growth, investment, and shareholder returns, while maintaining a stable and well-controlled level of leverage CASH FLOW SEPTEMBER 2026 (€m) Comparative ratios (1) Lease payments accounted for in EBITDA in accordance with IFRS 16 accounting standards (2) Operating Cash Flow on EBITDA adjusted for the IFRS 16 impact (3) Cash Flow on EBITDA adjusted for the IFRS 16 impact (4) Cash flow related to inorganic growth (*) NFD and EBITDA figures adjusted to consider 50% of the Chinese JV SAMAP (**) Gross financial debt (GFD) at fixed interest rate EBITDA 596.5 Financial expenses (41.9) Maintenance Capex (46.5) Tax Payments (77.4) IFRS16(1) Leases (22.2) OPERATING CASH FLOW 408.5 % EBITDA(2) 71.1% Growth Capex (132.7) Net Working Capital Variation (7.5) Other movements 4.9 Cash flow 273.2 % EBITDA(3) 47.6% Business combinations and deferred acquisitions payments(4) (191.8) Dividend payments and treasury share transactions (125.5) NFD variation (44.1) DEC 2025 SEP 2026 NFD 912.8 956.9 Adjusted NFD* 899.2 940.5 NFD/EBITDA* 1.18X 1.18X OPERATING CASH FLOW 506.5 408.5 % EBITDA(2) 70.6% 71.1% CASH FLOW 307.2 273.2 % EBITDA(3) 42.8% 47.6% Liquidity 1.851.8 1,547.8 % fixed-rate GFD 50% 50%
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GUIDANCE 2026-2027
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19 3 ESG Code of Conduct training provided at 100% of our factories Focus on attracting and retaining talent GUIDANCE 2026-2027 ORGANIC OPERATIONAL COMMITMENTS 2026-2027 Low-mid single-digit outperformance in constant currencies 1 SALES Defence of the excellent profit margins recorded in 2025 2 MARGINS SBTi-validated targets for the short/medium term and Net Zero by 2050 Cumulative FFO of >€1bn in 2026 - 2027 4 CASH GENERATION EBITDA-to-FFO conversion ratio of 65% 5 NEW DIVIDEND POLICY Payout of 42% in 2026 Payout of 50% in 2027 M&A ACTIVITY Focused on the integration of the newly acquired companies LEVERAGE Ongoing payout of 33% NFD/EBITDA would be <0.7X by year-end 2027
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CIE IN STOCK EXCHANGE
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21 SHARE PRICE PERFORMANCE IBEX 35CIE Automotive STOXX Europe 600 Automobiles & Parts (1) (1) STOXX Europe 600 Automobiles & Parts includes: OEMS: BMW ST, Mercedes Benz Group, Ferrari NV, Stellantis, Porsche, Renault & Volkswagen. SUPPLIERS: Forvia, Michelin, Continental, Nokian, OPmobility, Rheinmetall, Valeo. -60% -40% -20% 0% 20% 40% 60% 80% 100% 120% In a macroeconomic, geopolitical, and industry context that remains complex, CIE Automotive continues to deliver excellent results quarter after quarter, demonstrating the resilience of its business model and reinforcing its position as one of the most profitable companies in the industry. At the end of the third quarter of 2026, CIE Automotive’s share price stood at €25.75, compared with €26.65 at the end of the first half of the year, representing a 3% decline for the quarter. Share price performance remains influenced by a highly volatile geopolitical environment, compounded by uncertainty affecting the automotive industry, which faces moderate growth prospects. Meanwhile, CIE Automotive’s strong operating and financial performance stands in sharp contrast to its share price evolution. Analysts are bullish on the company’s future, with an average price target of €36.1, well above the current share price, and several analysts setting their targets close to €40.
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CLOSING REMARKS
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23 SEPTEMBER 2026 CLOSING REMARKS Excellent operational execution in a challenging environment Balanced and sustained profitability at both global and local levels Strong operating cash flow generation supporting growth Strengthening of the balance sheet with a well-balanced financial structure Strong commitment to shareholders Nine months of consistent execution confirm the strength of CIE’s model and its ability to combine growth, profitability and cash generation while maintaining a solid financial position Building on this strong foundation, we approach the end of 2026 with confidence, fully focused on the execution of our 2026–2027 Guidance and on delivering sustainable value creation
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APPENDIX
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25 APMs – ALTERNATIVE PERFORMANCE MEASURES PERFORMANCE MEASURE DEFINITION EBITDA Net Operating Income + Depreciation Adjusted EBITDA Annualized EBITDA of last 12 months including 50% of the EBITDA of Chinese JV SAMAP which. based on the current agreements with the partner, is consolidated by the equity method EBIT Net Operating Income EBT Earnings before taxes Net Income Recurrent profit attributable to the company’s shareholders Net Financial Debt (NFD) Debt with banks and other financial institutions – Cash and equivalents – Other Financial Assets Adjusted Financial Debt Net Financial Debt including 50% of Chinese JV SAMAP net financial debt, consolidated by the equity method as per the current partner agreements reached Gross Financial Debt (GFD) Debt with banks and other financial institutions Operating Cash Flow EBITDA – IFRS16 Leases - Maintenance Capex – Financial expenses paid - Tax payments Cash Flow Operating Cash Flow – Growth Capex - Net Working Capital Variation - Other movements (including the forex effect in NFD) Cash Cash and equivalents including Other Financial Assets Liquidity Cash and undrawn credit lines and loans
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