Q3 2021 EARNINGS CALL

NOVEMBER 10, 2021

Executive Summary

Michael Bücker

CEO

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My first 100 days

STRONG FOUNDATION AND GROWTH POTENTIAL

Status Quo

Robust business model with great potential

Strong team, able to utilize opportunities arising from good customer and reseller portfolio

Implementation of "Taking Action" measures on track, will be largely completed by late 2021

Next Steps

Aligning GRENKE with future opportunities

Refine business model

Define growth areas

Further improve organisational structure and increase digitalisation

Further details at Capital Markets Day in H1 2022

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Financials

Dr. Sebastian Hirsch

CFO

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Q3 2021: Highlights

NET PROFIT GUIDANCE FOR 2021 RAISED TO EUR 90 - 100M (PREVIOUSLY EUR 60 - 80M)

ALSO REFLECTS EXTRAORDINARY INCOME FROM VIAFINTECH SALE

Group new business of EUR 552m (-21.7% vs EUR 704m in Q3 20201)

Q3 net profit at EUR 20.1m (-24.0% vs EUR 26.5m in Q3 20201)

Leasing CM2 margin slightly declined to 17.1% (-1.3pp vs 18.4 % in Q3 20201) due to increased refinancing costs

Stable equity ratio of 18.1% as of September 30, 2021

1) Figures have been adjusted in accordance with IAS 8.42 (including the consolidation of the franchise companies).

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Grenke AG published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 11:56:08 UTC.