Porsche SE

Driving sustainable value

London Roadshow, March 22nd, 2024

Dr. Johannes Lattwein, Member of the board of management Finance and IT

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Disclaimer

This presentation is for information purposes only, and does not constitute an offer, or a solicitation of an offer to purchase, sell or subscribe to securities or other financial instruments. It is not intended to provide the basis for any evaluation of securities or other financial instruments and is not, and should not be considered as, investment advice or a recommendation that any person should purchase, sell or subscribe to securities or other financial instruments.

This presentation may contain certain forward-looking statements relating to the business and financial performance including the result of Porsche Automobil Holding SE ("Company") and its shareholdings and/or the industry in which the Company and/or its shareholdings operate.

The forward-looking statements, including assumptions and views of the Company or from third party sources (together the "Expectations"), are subject to risks including, but not limited to those described in financial publications and other publications of the Company. Actual events may differ significantly from any Expectations due to a number of factors. There is no guarantee that the Expectations are current, correct and complete nor that the forward-looking statements will prove accurate in the future. There is no obligation to update the forward-looking statements. It is noted that no reliance shall be placed on these forward-looking statements.

Neither the delivery of this presentation nor any further discussions of representatives of the Company with any of the recipients hereof shall, under any circumstances, create any implication that there has been no change in the affairs of the Company and/or its shareholdings.

This presentation may include supplemental financial measures which are or may be non-GAAP financial or operative measures. These measures should not be viewed in isolation as alternatives to financial measures presented in accordance with IFRS. Other companies that disclose similarly titled measures may calculate them differently. Not all measures included in this presentation have been audited and certain measures may also deviate substantially from information in the financial publications of the Company and, thus, may not be fully comparable to such publications.

No representation or warranty is given as to the currency, correctness or completeness of the information contained in this presentation and no liability, other than liability for gross negligence and intent or for damages resulting from injury to life, limb or health, which are caused by negligence, is assumed, either expressly or impliedly.

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Two core investments complemented by attractive portfolio companies

Core investments

Portfolio investments

Dividend- /Yield-Investments

Private Equity / Growth

Venture Capital

Ordinary capital

Ordinary capital

53.3 %

25 % plus one ordinary share

31.9 % of total capital

12.5 % of total capital

Investments

Direct

E-mobility

Investments

Strategic Fund

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Solid FY 2023 key figures underline strong fundamentals

€ 5.1 bn

GROUP RESULT AFTER TAX

(2022: € 5.5 bn*)

€ 5.7 bn

NET DEBT

(2022: € 6.7 bn)

€ 23.2 bn

39%

NET ASSET VALUE

HOLDING DISCOUNT

(2022: € 28.7 bn)

(2022: 45%)

€ 2.56

19.7%

DIVIDEND PER PREFERENCE SHARE

LOAN TO VALUE RATIO**

(subject to AGM approval;

(2022: 18.9%)

2022: € 2.56)

All figures are respective year end figures

*) Earnings after tax 2022 include a non-cash accounting gain of € 0.6 billion in connection with the acquisition of preference shares in Volkswagen AG. Without this special accounting effect, the result for the 2023 financial year would be

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higher than the previous year's result **) Loan-to-value is defined as the ratio of net debt to the market valuation of all of Porsche SE's investments as of the reporting date.

Performance of Volkswagen Group 2023

Revenue (EUR bn)

+ 15.5%

279.1

322.3

2022

2023

Operating result before

special items

(EUR bn)

+0.3%

22.5

22.6

2022

2023

Result after tax

(EUR bn)

+ 13.1%

15.9

17.9

2022

2023

Source: Volkswagen Group

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Performance of Porsche AG 2023

Revenue (EUR bn)

+ 7.7%

37.6

40.5

2022

2023

Operating result before

tax

(EUR bn)

+ 7.6%

6.8

7.3

2022

2023

Result after tax

(EUR bn)

+ 3.8%

5.0

5.2

2022

2023

Source: Porsche AG

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Experienced Management Team decidated to create long-term value

Management Board

CEO

Legal Affairs &

Compliance

Hans Dieter

Dr. Manfred

Pötsch

Döss

Supervisory Board

Chairman

Dr. Wolfgang Porsche

Deputy Chairman

Dr. Hans Michel Piëch

Finance & IT

Investment

Management

Dr. Johannes

Lutz

Lattwein

Meschke

Mag. Josef Michael Ahorner

Mag. Marianne Heiß

Dr. Günther Horvath

Prof. Dr. Ulrich Lehner

Sophie Piëch

Dr. Ferdinand Oliver Porsche

Peter Daniell Porsche

Prof. KR Ing. Siegfried Wolf

In-depth expertise and long-term experience in the mobility & industrial technology sectors

Strong track-record and exhaustive portfolio management expertise

Dedicated to create long-term value

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Clear strategic framework to achieve Porsche SE's vision

Porsche SE as a renowned global investment platform

Vision

Consistent long-term value creation with a balanced risk-profilefor our shareholders

Sustainable corporate governance and implementation of ESG-criteriaacross operations and in investment decisions

Strategic Goals

Establish Porsche SE as the partner of choice for investments and top employer

Capital Allocation

Strategy

Portfolio Company Strategy

Capital Allocation Strategy balancing out Porsche SE's key value drivers Active portfolio development and diversification

Disciplined financial management Reliable dividend policy

Porsche SE as active shareholder of its investments pursuing long-term value creation

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Capital Allocation Strategy

Active Portfolio

Development

Disciplined

Reliable

Financial

Dividend

Management

Policy

Active Portfolio Development

Further enhancement of Porsche SE's portfolio and strengthening of the overall resilience by diversification

Active management of existing portfolio companies

Partnerships with globally renowned PE and VC companies support Porsche SE in delivering on strategy

Disciplined Financial Management

Porsche SE commits to an investment grade profile

Long-term ambition of a loan-to-value in the low double-digit range

Reliable Dividend Policy

Attractive risk adjusted dividend payments

Dividend is dependent on dividend inflows from our core investments Volkswagen AG and Porsche AG

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Cornerstones of our Investment Strategy

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Diversification of our portfolio

Reduction of portfolio concentration with focus on achieving sustainable returns

Value-creation based on our core competencies

Unique network with deep roots in the fields of mobility and industrial technology

Priviliged access to attractive investment opportunities Focus on investments that are not accessible to other investors

Strong added-value

Asset-specific target returns and clear exit strategy

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Porsche Automobil Holding SE published this content on 03 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2024 10:38:01 UTC.