Slide 1: FY 2023 Results presentation
fy 2023 Results presentation February 27th, 2024
Slide 2: Disclaimer
DISCLAIMER Gestamp This presentation has been prepared solely for use at this presentation of our results as of and for the quarter ended December 3ist, 2023. By attending the conference call meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the
Slide 3: Index: Key highlights for FY 2023
Gestamp INDEX KEY HIGHLIGHTS FOR FY 2023
Slide 4: Key highlights of FY 2023
Key highlights of FY 2023 2023
Slide 5: 2023: A record year for Gestamp
2023: A record year for Gestamp
Slide 6: Unexpected outstanding market growth in 2023
UNEXPECTED outstanding market GROWTH in 2023
Slide 7: Year over year consolidating our financial profile
Year over year Consolidating our financial profile Sustained growth + Improved profitability + Preserving cash generation + Disciplined balance Sheet ∑
Slide 8: 2023 Fulfillments providing good visibility for the long run
2023 Fulfillments PROVIDING GOOD VISIBILITY FOR THE LONG RUN
Slide 9: Market Outperformance in FY 2023
Market Outperformance in FY 2023 22.3% 11.3% 13.8% 14.1% 10.2% 9.6% 8.3% 5.5% 24.3% 10.3% 21.7% 16.6% 3.6% 10.2%
Slide 10: Solid organic growth during the FY 2023 period
Solid organic growth during the FY 2023 period
Slide 11: Higher EV sales as key lever of our growth strategy
Higher ev sales as key lever of our growth strategy gaining content per Vehicle as we succeed in our technology and innovation strategy to Be differential
Slide 12: 2023 auto business performance dragged down by NAFTA
2023 auto business performance dragged down by nafta
Slide 13: Continuous net income improvement
Continuous net income improvement ✓ ✓ ✓ ✓
Slide 14: Index: Financial overview
Gestamp INDEX FINANCIAL OVERVIEW
Slide 15: Financial Performance in FY 2023
Financial Performance in fy 2023
Slide 16: Geographic diversification supporting a solid performance
Geographic diversification supporting a solid performance FY 2022 FY 2023 Var. (%) FY 2022 FY 2023 Var. (%) FY 2022 FY 2023 4,278 4,671 +9.2% 458 540 +18.0% 10.7% 11.6% underperformance: -4.6 p.p. 1,597 1,713 +7.2% 232 248 +6.9% 14.5% 14.5% Outperformance: +10.9 p.p. 2,326 2,472 +6.3% underperforman
Slide 17: Strong free cash flow generation in FY 2023
Strong free cash flow generation in FY 2023 ✓ ✓ ✓ ✓ ✓
Slide 18: Disciplined Balance Sheet profile to preserve growth
Disciplined Balance Sheet PROFILE TO PRESERVE GROWTH
Slide 19: ROCE: Focus on our core business KPI
ROCE: Focus on our core business kpi
Slide 20: Index presentation
INDEX PRESENTATION
Slide 21: 2024: limited market growth after an extraordinary 2023
2024: limited MARKET growth after an extraordinary 2023
Slide 22: EV as the main growth driver up to 2027
EV as the main growth driver up to 2027
Slide 23: Gestamp is well positioned to capture growth
GESTAMP IS WELL POSTIONED TO CAPTURE GROWTH Strong commercial effort with more than 100 new projects added and a record order intake increase achieved in 2023 leading to a strong backlog thanks to our differentiated and value-added positioning as the Partner Supplier which gives us good visibility t
Slide 24: Gestamp: our focus for 2024
Mitigating potential —» vn%Z Efficiency and productivit > Gi EV volatility aul improvernents, ’ #* Enhancing flexibility at 5 “y Technology & Innovation ? our operations to be at the vanguard ie Focus on successful ? D launches Disciplined CAPEX ois to capture future growth — ne? NAFTA Phoenix Plan
Slide 25: Guidance for 2024
GUIDANCE FOR 2024 Gestamp 4 Auto Auto Positive FCF Preserving @ business business @ generation leverage Market Flat-to-a-slight 10-1.5x Outperformance"”) increase reported In the range of N et debt to in the low-single EBITDA margin the €200m EBITDA digit range Yoy Gescrap Gescrap Similar revenues S
Slide 26: Index presentation
INDEX PRESENTATION
Slide 27: Phoenix NAFTA a 360º plan
Phoenix NAFTA a 360º PLAN
Slide 28: A longstanding presence in NAFTA to be a global leader
A longstanding presence in nafta to be a global leader
Slide 29: Only region across the group below 2019 profitability levels
Only region across the group below 2019 profitability levels
Slide 30: NAFTA performance well below Gestamp's average
Nafta performance well below Gestamp’s average
Slide 31: Some identified KPIs show clear room for margin improvement
SOME IDENTIFIED kpis show clear room for margin improvement
Slide 32: Phoenix Plan
Making sure we do things correctly in nafta Phoenix Plan
Slide 33: Restructuring plan: Phoenix solving focused problems
Restructuring plan: PHOENIX SOLVING FOCUSED PROBLEMS Restructuring Plan
Slide 34: Operational: a two-level of intervention restructuring plan
operational: A Two-level of intervention restructuring plan Restructuring Plan P O
Slide 35: Operational in-depth restructuring plan: rebalancing our footprint
OPERATIONAL in-depth restructuring plan: Rebalancing OUR FOOTPRINT to MEET OUR OBJECTIVES Delocalizing to mexico Reshaping our footprint
Slide 36: Governance: support from all areas is key for the project
Governance: SUPPORT FROM ALL AREAS IS KEY FOR THE PROJECT +
Slide 37: Extraordinary Phoenix costs to support improvements
EXTRAORDINARY PHOENIX COSTS to support improvements
Slide 38: Our target: double-digit EBITDA margin by 2026
OUR TARGET: DOUBLE-DIGIT EBITDA MARGIN BY 2026
Slide 39: NAFTA: A priority for Gestamp
NAFTA: A priority for gestamp ACHIEVING WE HAVE A …With an identified AS our 2º largest OUR TARGETS IS KEY region, DELIVERING IN NAFTA is key FOR our strategy + CLEAR Strategic plan TO upgrade NAFTA TO GESTAMP’S STANDARDS... + number of facilities and two different degrees of intervention + FOR THE
Slide 40: Index presentation
INDEX PRESENTATION
Slide 41: 2023: A critical year in our ESG plan
2023: A critical year in our ESG plan +
Slide 42: Clear roadmap for the long run
clear ROADMAP FOR THE long run… 02 03 01 Gestamp 04 the Partner supplier 07 05 06
Slide 43: Closing remarks
CLOSING REMARKS , * ry | oJx Record results + + achieving 2023 aoe y transition year guidance o ©Gestamp 2024 43 + *.
Slide 44: The Partner supplier
Gestamp the Partner supplier
Slide 45: Financial Performance in Q4 2023
Financial Performance in q4 2023
Slide 46: Appendix – alternative performance measures
Appendix – alternative performance measures ´ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢