Page 1

Press Release ■ ■ H1 2021 HIGHLIGHTS ■ Europcar Mobility Group ■ € 1 FIRST HALF 2021 RESULTS REVENUE GROWTH IN H1 2021 , DRIVEN BY DOMESTIC AND V & T ACTIVITIES BACK TO POSITIVE CORPORATE EBITDA & CORPORATE OPERATING FREE CASH FLOW IN Q2 2021 CONTINUED TIGHT COST CONTROL CONFIRMING LOWERED BREAKEVEN & LIMITED CASH CONSUMPTION IN Q2 2021 CONNECT PLAN ROLLOUT WELL ON TRACK Revenue growth in H1 2021 : up + 3.6 % ¹ to € 842m , with a rebound of + 88 % ¹ in Q2 2021. Strong performance of domestic markets in Q2 2021 , both in the US and Europe Positive Corporate EBITDA to + € 20m in Q2 2021 thanks to strict control of fixed and semi - fixed costs , confirming lowered breakeven OUTLOOK FOR 2021 Limited increase in Corporate net debt as at 30 June 2021 vs March 2021 : + € 67m to € 266m , with positive Corporate Operating FCF of + € 16m in Q2 2021 Robust Corporate liquidity position : € 447m as at 30 June 2021 SARF refinancing for € 1.7bn , with a maturity extended from July 2021 to July 2024 Paris - July 28th , 2021 Reasonably optimistic for Q3 2021 , with a contrasted picture : positive pricing impact likely to continue ; rebound in the Travel & Leisure segment in the US well oriented while the gradual European recovery remains more volatile and exposed to travel restrictions , due to fast - spreading " Delta variant " . Overall , limited long - haul traffic expected in H2 2021. Possible impact of the shortage of semiconductor components on vehicles deliveries As a consequence , the Group is not yet in a position to provide full guidance for the FY 2021. However , assuming no further deterioration on travel restrictions and extended shortage of semiconductors : The Group is confident that 2021 revenues will increase significantly compared to 2020 Corporate net debt expected in the range of € 300-350m for the FY 2021 On track to deliver the first steps of strategic " Connect " roadmap Caroline Parot , CEO of Europcar Mobility Group , declared : " Over the first 2021 semester , the Travel & Leisure environment slightly improved in Europe and continued to show healthy recovery in the US . In this context , Europcar Mobility Group recorded a rebound in revenue vs H1 2020 , at + 3.6 % , with Q2 2021 revenue almost doubled vs LY . In line with its cost adaptation plan to mitigate the impact of the sanitary crisis , the Group continued to manage daily operations with strict discipline , allowing for further reduction of its breakeven point and cash optimization . Proforma basis : at constant exchange rate and perimeter 1