Vitesco Technologies : Conference Call Presentation Q2 2022

VITESCO TECHNOLOGIES

Q2 2022

Regensburg, August 10, 2022

Public

DISCLAIMER

This presentation may contain forward-looking statements, estimates, opinions and projections with respect to anticipated future performance of Vitesco Technologies Group AG. These forward-looking statements can be recognized by terms such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", "will" or words with similar meaning. Vitesco Technologies Group AG has made such forward-looking statements on the basis of the information available to it and assumptions it believes to be reasonable. The forward-looking statements and information may involve risks and uncertainties, and actual results may differ materially from those forecasts. Forward-looking statements should not 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. Any forward-looking statements included herein only speak as at the date of this presentation. Vitesco Technologies Group AG does not assume any obligation to update such forward-looking statements and to adapt them to future events or developments.

This presentation includes certain financial measures such as EBIT, adjusted EBIT, adjusted EBITDA, order intake or net debt, which are not defined by International Financial Reporting Standards (IFRS). These alternative performance measures should be considered in addition, but not as a substitute for the information prepared in accordance with IFRS. Alternative performance measures are not subject to IFRS or other generally accepted accounting principles. Other companies that report similarly titled alternative performance measures may calculate them differently. An explanation of the alternative performance measures can be found in the annual report of Vitesco Technologies Group AG.

Rounding differences may occur.

This presentation is for information purposes only. It is not intended to constitute investment advice or an offer to sell, or a solicitation to buy, any securities.

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AGENDA OF THE CONFERENCE CALL

ON THE Q2 2022 RESULTS

1. HIGHLIGHTS FOR Q2 2022
2. KEY FIGURES
3. MARKET DEVELOPMENT
4. SALES AND ADJUSTED EBIT DEVELOPMENT
5. CASH FLOW PROFILE
6. LIQUIDITY PROFILE
7. BALANCE SHEET STRUCTURE
8. OUTLOOK FOR FY 2022

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1

WE CONCLUDED ANOTHER SOLID QUARTER ON THE BACK OF

STRONG SENSING & ACTUATION PROFITABILITY

2,165

• million sales in Q2 2022 - despite regional lockdowns in China and ongoing semiconductor shortage

235

• million total electrification sales during Q2 2022

Our strategic partnership with Renault will further strengthen our growth in the area of electrification

Delivery of high-voltage box2 starting in 2025

Joint development for

Renault's "One Box3"

33€ million

1.5%

adjusted EBIT - still highly influenced by increased input costs

2€ million

free cash flow -

with increased Capex1 of 5.2%

3.0

• billion electrification order intake during Q2 2022;
  total order intake at 3.7 € billion

Adj. EBIT before amortization of intangibles from PPA, consolidation and special effects. Order intake defined as sum of acquired lifetime sales within the respective fiscal year. 1 Capex excluding right of use assets (IFRS 16). 2 Combining DC/DC converter and on-board charger. 3 Combining DC/DC converter, on-board charger and inverter.

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2

WE INCREASED OUR REVENUE DESPITE LOCKDOWNS IN CHINA

AND CONTINUOUS HEADWINDS FROM MATERIAL SHORTAGES

VITESCO TECHNOLOGIES GROUP (€ MN)		HIGHLIGHTS AND RECENT
				DEVELOPMENTS
	Q2 2021	Q2 2022	Delta
	Sales
				Impact from FX: +5.4%
Sales	2,094.9	2,165.0	70.1	€235 mn electrification sales
% growth	-	+3.3%		Adjusted EBIT
				Drop in profitability due to burden
Adj. EBIT	64.7	32.9	-31.8
from semiconductor shortage,
% margin	3.1%	1.5%	-1.6pp
mainly in Electronic Controls BU
EBIT	25.6	28.7	3.1	Capex
% margin	1.2%	1.3%	0.1pp
Capex gained momentum as
Capex1	101.7	112.5	10.8	expected after slower start into
% of sales	4.9%	5.2%	0.3pp	Q1 2022
				Free Cash Flow
Free Cash Flow	65.7	1.6	-64.1
Q2 2022 free cash flow benefitted
% margin	3.1%	0.0%	-3.1pp
from one-off effects, especially in
Equity Ratio	32.0%	40.4%	8.4pp
working capital

Adj. EBIT before amortization of intangibles from PPA, consolidation and special effects. 1 Capex excluding right of use assets (IFRS 16).

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