JOST Werke : Presentation Results Q2 2021

J O S T W E R K E A G - A U G U S T 1 2 , 2 0 2 1

RESULTS Q2 2021

JOACHIM DÜRR (CEO) & CHRISTIAN TERLINDE (CFO)

Disclaimer

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This presentation (the "Presentation") was specifically prepared by JOST Werke AG (the "Company") for informational purposes only. It is intended to provide a general overview of the Company's business and does not purport to include all aspects and details regarding the Company. This Presentation must not be reproduced in any form, passed on or otherwise made available, directly or indirectly, to any other person, or published or otherwise disclosed, in whole or in part, for any purpose, without prior written consent by the Company. Neither the Company nor any of its directors, officers, employees or advisors, nor any other person makes any representation or warranty, express or implied, as to, and accordingly no reliance should be placed on, the fairness, accuracy or completeness of the information contained in the Presentation or of the views given or implied. Neither the Company nor any of its respective directors, officers, employees or advisors nor any other person shall have any liability whatsoever for any errors or omissions or any loss howsoever arising, directly or indirectly, from any use of this information or its contents or otherwise arising in connection therewith.

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This Presentation contains forward-looking statements relating to matters that are not historical facts. These statements reflect the Company's current knowledge, intentions and beliefs as well as its current expectations and projections about future events, including the Company's prospects, growth, strategies, the industry in which it operates and potential or ongoing acquisitions. Forward-looking statements can be identified by the context of such statements or words such as "anticipate," "believe", "estimate", "expect", "forecast", "intend", "plan", "project", "target", "may", "will", "would", "could" or "should" or similar terminology. By their nature, forward-looking statements are subject to a number of risks, uncertainties and assumptions, many of which are beyond the Company's control, that could cause the Company's actual results and performance to differ materially from and adversely affect any expected future results or performance expressed or implied by any forward-looking statements as a result of various factors (including global economic conditions, changed market conditions, competition, costs of compliance, changing political, legal, economic and other conditions). Forward-looking statements should not therefore

be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Similarly, past performance should not be taken as an indication of future results, and no representation or warranty, express or implied, is made regarding future performance. In addition, even if the development of the Company's prospects, growth, strategies and the industry in which it operates are consistent with the forward-looking statements contained in this Presentation or past performance, those developments may not be indicative of the Company's results, liquidity or financial position or of results or developments in subsequent periods not covered by this Presentation. The Company undertakes no obligation to release the results of any revisions to any forward-looking statements in this Presentation that may occur due to any change in its expectations or to reflect events or circumstances after the date of this Presentation.

To the extent available, the industry and market data contained in this Presentation is derived from third-party sources. Third-party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. In addition, certain information in this Presentation is selective and may not necessarily be representative for the Company. Further, some of the industry and market data contained in this Presentation is derived from the Company's own internal research and estimates based on the knowledge and experience of the Company's management in the market in which the Company operates. While the Company believes that such research and estimates are reasonable and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change without notice. Accordingly, no reliance should be placed on the industry or market data contained in this Presentation.

Subject to limited exceptions described below, the information contained in this Presentation is not to be released, published, transmitted or distributed within or into the United States of America ("United States"), Australia, Canada or Japan and does not constitute an offer of securities for sale in any of these jurisdictions. Any securities offered by the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state or other jurisdiction of the United States and such securities may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws. This Presentation does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person or in any jurisdiction to whom or in which such offer or solicitation is unlawful. Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

2	JOST Werke AG - ANALYSTS' AND INVESTORS' CONFERENCE CALL Q2 2021 RESULTS

Highlights Q2 2021

JOST increased sales by 56%, achieving new sales record of €273m

Adj. EBIT grew by 170% to €30m and adj. EBIT margin rose to 11.0%

High operational flexibility and better capacity utilization limited impact from logistic chain constraints and rising material prices

Strong fundamentals for growth in the transport and agricultural markets continue despite ongoing pandemic

Outlook for 2021 confirmed

3	JOST Werke AG - ANALYSTS' AND INVESTORS' CONFERENCE CALL Q2 2021 RESULTS

Market Development Q2 2021 vs. Q2 2020

EUROPE

TRUCK +75% MARKET

TRAILER +55% MARKET

TRACTOR +27% MARKET

Truck production grows sharply vs. pandemic impacted Q2 2021

Trailer production rises due to high demand for transport services

Robust demand boosted by favorable economics for dairy and livestock farmers

NORTH AMERICA

Class 8 truck production

+148% soars as order intake grows

Trailer production jumps

+57% significantly close to pre- pandemic high levels

Strong demand for tractors

+22% favored by rising crop prices

APA

Truck production in APA falls -11% due to new emissions

regulations in Chinese market

Trailer production in APA

+15% supported by good demand in China and other markets in the region

+52% reported

+78% reported

Note: Market estimates based on LMC, Clear Consulting, FTR as well as truck and tractor OEMs announcements (August 2021)

+46% reported

4	JOST Werke AG - ANALYSTS' AND INVESTORS' CONFERENCE CALL Q2 2021 RESULTS

KEY FINANCIALS Q2 2021

5	JOST Werke AG - ANALYSTS' AND INVESTORS' CONFERENCE CALL Q2 2021 RESULTS