Asbury Automotive : Investor Presentation Q4 2022

4TH QUARTER & FULL YEAR 2022

INVESTOR

RELATIONS PRESENTATION

ABG | Asbury Automotive

Forward

Looking

Statements

This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-lookingstatements are statements other than historical fact, and may include statements relating to goals, plans, objectives, projections regarding Asbury's financial position, liquidity, results of operations, cash flows, leverage, market position and dealership portfolio, revenue enhancement strategies, operational improvements, projections regarding the expected benefits of Clicklane, management's plans, projections and objectives for future operations, scale and performance, integration plans and expected synergies from acquisitions, capital allocation strategy, business strategy and expectations of our management with respect to, among other things: changes in general economic and business conditions, including inflation, increases in interest rates and rising fuel prices, any impact of COVID-19on the automotive industry in general, the automotive retail industry in particular and our customers, suppliers, vendors and business partners; our relationships with vehicle manufacturers; our ability to maintain our margins; operating cash flows and availability of capital; capital expenditures; the amount of our indebtedness; the completion of any future acquisitions and divestitures; future return targets; future annual savings; general economic trends, including consumer confidence levels, interest rates, and fuel prices; and automotive retail industry trends.

These statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, our inability to realize the benefits expected from recently completed transactions; our inability to promptly and effectively integrate completed transactions and the diversion of management's attention from ongoing business and regular business responsibilities; our inability to complete future acquisitions or divestitures and the risks resulting therefrom; any impact from the COVID-19pandemic on our industry and business, market factors, Asbury's relationships with, and the financial and operational stability of, vehicle manufacturers and other suppliers, acts of God, acts of war or other incidents and the shortage of semiconductor chips and other components, which may adversely impact supply from vehicle manufacturers and/or present retail sales challenges; risks associated with Asbury's indebtedness and our ability to comply with applicable covenants in our various financing agreements, or to obtain waivers of these covenants as necessary; risks related to competition in the automotive retail and service industries, general economic conditions both nationally and locally, governmental regulations, legislation, including changes in automotive state franchise laws, adverse results in litigation and other proceedings, and Asbury's ability to execute its strategic and operational strategies and initiatives, including its five-yearstrategic plan, Asbury's ability to leverage gains from its dealership portfolio, Asbury's ability to capitalize on opportunities to repurchase its debt and equity securities or purchase properties that it currently leases, and Asbury's ability to stay within its targeted range for capital expenditures. There can be no guarantees that Asbury's plans for future operations will be successfully implemented or that they will prove to be commercially successful.

These and other risk factors that could cause actual results to differ materially from those expressed or implied in our forward- looking statements are and will be discussed inAsbury's filings with the U.S. Securities and Exchange Commission from time to time, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.These forward- looking statements and such risks, uncertainties and other factors speak only as of the date of this presentation. We undertake no obligation to publicly update any forward-lookingstatement, whether as a result of new information, future events or otherwise.

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Our Agenda

February 2, 2023

01

03

Company Highlights

Growth Strategy

02

04

Fourth Quarter and Full Year 2022 Review

Appendix

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COMPANY HIGHLIGHTS

ABG | Asbury Automotive

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HIGHLIGHTS 4Q & FY22 GROWTH APPENDIX

Company Highlights

$37.66

$27.29 $15.43B

													$12.90
										$9.46
																$9.84B
						$8.41
		$6.43
									$7.21B
										$7.13B
					$6.87B
		$6.46B

Since 2017, Asbury has(1)

139% increase in revenue (19% CAGR)

486% increase in Adj EPS (42% CAGR) 74% increase in new car dealerships

							155	139
80	83	88	91
2017	2018	2019	2020	2021	2022
		New Car Dealerships			Revenue ($B)	Adj EPS
			As of each period end

	(1) Comparison versus 2022; CAGR based on 5 years
NYSE: ABG	See Non-GAAP Reconciliations

2022

2021

2020

2019

2018

2017

CAGR(1)

Adj EBITDA

($MM)

$1,336

$828

$427

$333

$315

$303

+35%

Adj Op. Cash Flow

($MM)

$987

$632

$443

$282

$151

$166

+43%

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