Knorr Bremse : Factbook

FACT BOOK

Agenda

• Introduction
• Key Company Highlights
• Rail Vehicle Systems (RVS)
• Commercial Vehicle Systems (CVS)
• R&D Focus
• Financials
• Sustainability
• Capital Markets Summary
• Appendix

Fact Book

2

The Knorr-Bremse leadership team

Frank Weber

CFO & Executive Board Spokesman

• 2020-present:Knorr-Bremse | CFO
• 2016-2020:Daimler AG | Head of Corporate Development
• 2019-2020:Mercedes-Benz AG | Head of Transformation
• 2013-2016:Daimler Trucks Asia | CFO
• 2011-2013Mitsubishi Fuso Trucks & Bus Corporation | CFO
• Diploma in Bus. Administration

Professional Experience	25
Years with Knorr-Bremse	2

Dr. Claudia Mayfeld

Member of the Board, Integrity & Legal

• 2021-present:Knorr-Bremse | Head of Integrity & Legal
• 2013-2019:RWE Pensionsfond | Member of the Executive Board
• 2016-2020:Innogy SE | Senior Vice President Group Legal & Compliance, General Counsel
• 2013-2016:RWE AG | Senior Vice President Group Legal & Compliance, General Counsel
• PhD in Accounting Principles

Professional Experience	28
Years with Knorr-Bremse	1

Bernd Spies

Member of the Board, CVS

• 2022-present:Knorr-Bremse | Head of
  CVS
• 2014-2022:Knorr-Bremse | Member
  (2013-2015) and Chairman (since
  2014) of the Management Board, CVS
• 2008-2013:Hella KGaA Hueck & Co | Member of the Management Board, Global Sales
• 2006-2008:Robert Bosch GmbH | Head of Commercial Vehicles product division, Starters and Alternators
• Diploma in Electrical Engineering

Professional Experience	28
Years with Knorr-Bremse	8

Dr. Jürgen Wilder

Member of the Board, RVS

• 2018-present:Knorr-Bremse | Head of RVS
• 2015-2017:DB Cargo AG | CEO
• 2013-2015:Siemens AG | CEO Mainline Transportation Global Business Unit
• 2011-2013:Siemens AG | Head of Strategy Infrastructure and Cities Sector
• PhD in Physics

Professional Experience	21
Years with Knorr-Bremse	4

Notes: RVS - Rail Vehicle Systems; CVS - Commercial Vehicle Systems

Fact Book

3

Knorr-Bremse - One of Germany's most successful industrial companies

115

#1

YEARS

Family-Ownership,

Global market leader

Shared pneumatics experience

Technology

heritage and unique DNA

for braking systems

between RVS and CVS

leadership

2021 Key financials

Sales

op. EBITDA

op. EBIT

R&D

Aftermarket

€ 6.7bn

€ 1.2bn

€ 0.9bn

€ 431m

~36% of sales

(>9% CAGR1) since 1989)

(margin 17.9%)

(margin 13.5%)

(~6.4% of sales)

BALANCED PORTFOLIO2) …

… AND DIVERSIFIED GLOBAL FOOTPRINT WITH HIGH LOCAL CONTENT

CVS

Asia/Australia

Europe/Africa

CVS

RVS

31%

RVS

Sales

EBITDA

41%

Sales

46%

51%

59%

49%

(15% Margin)

Americas

30+

100+

c. 30k

(22% Margin)

23%

countries

sites

employees3)

Notes: Sales, EBITDA, EBITA, and EBIT for 2020 based on annual report prepared in accordance with IFRS, other financial figures for 2020 prepared in accordance with German GAAP (HGB); Aftermarket share based on German GAAP (HGB) where BilRUG sales allocated proportionally between OE and

aftermarket; RVS - Rail Vehicle Systems; CVS - Commercial Vehicle Systems; 1) CAGR 1989-2019 based on German GAAP (HGB), 1989 - first year when consolidated accounts are available; 2) Excluding consolidation/other; 3) Including human resources leased staff; Source: Knorr-Bremse information

Fact Book

4

Over 30 years of consistent strong growth

1985

Management buyout by Mr. Thiele

1985-1990

Successful strategy: Globalisation, focus on RVS and CVS, growth in connected systems

2000	2015/18	2010-2018	2020	2022
Bendix integrates	Joint Venture with	€1bn+ capex invested	Acquisition of RH.	Investment in Nexxiot
Westinghouse Air	JV DongFeng Motor goes	to future-proof	Sheppard Co., Inc. in
Brake company	into operation &	manufacturing and	the U.S
	expansion 2018	production facilities

2002	2015/16	2017/18	2021	2022
100% acquisition of	TRS 7 acquisitions		Acquisition of Vossloh	Acquisition of EVAC	Investment in Cojali
Bendix in the US	Japan		Kiepe, Federal Mogul Ind.
			Property Rights and
			Hitachi Automotive Syst.

1991

Dawn of the ICE era with high-speedbraking

systems

1995-1996

Rise of ADB technology

1999

Joint Venture with Bosch

JV in Electronics

2006

4 Joint Ventures in Rail formed in China

2016

New state-of-the-art innovation and testing centre in Munich

2019

Strategic investment in RailVision & RailNova as well as acquisition of Snyder & Sentient,

2021

Investment in

Autobrains

>9% sales CAGR

19851)-2021

€ 6.7bn

1985

1989

1990

1995

2000

2002

2003

2005

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

Sales (€bn) Important corporate events Product innovation M&A / Strategic partnerships

Notes: 1986-2016 based on financial statements prepared in accordance with German GAAP (HGB) and 2017-2019 based on financial statements prepared in accordance with IFRS. 1) 1989

• first year when consolidated accounts are available

Fact Book

5