FInancial Report(Q1 2026 Presentation)

PORSCHE

Analyst & Investor Call Q1 2026

S T U T T G A R T , A P R I L 2 9

FINANCIAL PERFORMANCE OVERVIEW Q1 2026

PORSCHE

Analyst & Investor Call Q1 2026

GROUP SALES REVENUE

(-5.2 % compared to previous year)

AUTOMOTIVE EBITDA MARGIN

(€1.3 bn Automotive EBITDA)

1 Not among most important performance indicators

GROUP RETURN ON SALES

(-150 bps compared to previous year)

AUTOMOTIVE

NET CASH FLOW MARGIN

(€0.5 bn Automotive Net Cash Flow)

GROUP OPERATING PROFIT 1

(-21.9 % compared to previous year)

BEV SHARE

(-610 bps compared to previous year)

3

FINANCIAL PERFORMANCE OVERVIEW Q1 2026

AUTOMOTIVE

OPERATING PROFIT

(Automotive RoS 7.0 %)

AUTOMOTIVE RESEARCH AND DEVELOPMENT COSTS

(8.1 % of Automotive Sales Revenue)

AUTOMOTIVE NET LIQUIDIT Y

(+7.2 % compared to 31.12.2025)

AUTOMOTIVE

CAPITAL EXPENDITURE

(8.6 % of Automotive Sales Revenue)

PORSCHE

Analyst & Investor

Call Q1 2026 4

GROUP - Q1 2025 VS. Q1 2026

GROUP

SALES REVENUE

I N € B N

GROUP

OPERATING PROFIT

I N € B N

− Business performance was shaped by a challenging macroeconomic and geopolitical environment, including

U.S. import tariffs and a slower-than-expected BEV ramp-up in the exclusive

8.9

-5.2 %

8.4

0.8

-21.9 %

segment

0.6

− In response, the company continued the strategic realignment including organizational and portfolio measures focused on aligning products more closely with customer demand and strengthening the global footprint to enhance profitability and resilience

Q1 2025

Q1 2026

Q1 2025

Q1 2026

− Group operating profit declined year-

on-year primarily due to U.S. import tariffs and lower than anticipated volumes

− Cost headwinds and charges were

PORSCHE

Analyst & Investor Call Q1 2026

8.6 % 7.1 %

RETURN ON SALES

counterbalanced by pricing discipline, a strong mix and Push-to-Pass initiatives

5

GROUP - Q1 2025 VS. Q1 2026

CONTRIBUTORS TO OPERATING PROFIT DEVELOPMENT

I N € B N

-21.9 % ∑ app.

− Group sales revenue declined

year-on-year due to lower unit sales driven by a temporary product gap

− Supportive pricing discipline, mix

effects and continued focus on value over volume

0. 76 -0. 23

-0. 01 0. 06 0. 02 0. 60

-0.1

-0.2

-0. 3

Strategic realignment & battery activities

US tariffs

− Higher cost pressure and extraordinary expenses, driven by U.S. import tariffs, inflationary material and supplier costs, BEV supplier compensation, and approximately

€0.1 bn related to strategic realignment and battery-related activities

− Expensed R&D increased, reflecting

higher depreciation and amortization

PORSCHE

Analyst & Investor Call Q1 2026

EBIT Q1 25

Gross margin without R&D

R&D SG&A Other EBIT

Q1 26

Strategic realignment, battery activities & tariffs

on capitalized development costs, ongoing investment in product quality, and the planned expansion and adjustment of the product portfolio

6

AUTOMOTIVE - Q1 2025 VS. Q1 2026

AUTOMOTIVE

SALES REVENUE

I N € B N

DELIVERIES 1

I N K U N I TS

− Group sales revenue declined

year-on-year due to lower unit sales, while the decrease was less pronounced than the volume development, supported by pricing

7.8

Q1 2025

-5.6 %

7.4

Q1 2026

-14.7 %

61.0

71.5

Q1 2025

Q1 2026

discipline and mix effects

− North America remained Porsche's largest single region, showing resilience despite a challenging tariff environment, price increases and and the phase-out of EV incentives in the US

− The economic environment in China

remained tense, particularly in the luxury segment, with a continued focus on value-oriented sales

− Model availability in Europe was

constrained by ongoing

PORSCHE

Analyst & Investor

25.9 % 19.8 %

BEV SHARE

cybersecurity and regulatory

requirements

Call Q1 2026

1 The performance indicator "deliveries" reflects the number of vehicles handed over to end customers. This may take place vi a group companies or independent importers and dealers. 7

AUTOMOTIVE - Q1 2025 VS. Q1 2026

MODEL DISTRIBUTION

I N U N I TS

− 60,991 vehicles delivered in Q1 2026, partially impacted by a temporary product gap

− Across all model lines, the derivative mix was well balanced, with a strong

YTD Q1-26

YTD Q1-25

YTD Q1-26 YTD Q1-25

[8,079] [10,130]

[14,185]

19,183

20,055

23,555

18,209

[9,370]

share of GTS, Turbo or GT models underscoring sustained demand for high-margin, performance-oriented vehicles

− Cayenne was the bestselling model

YTD Q1-26 YTD Q1-25

YTD Q1-26 YTD Q1-25

YTD Q1-26 YTD Q1-25

YTD Q1-26

4,498

3,420

4,203

7,769

13,889

11,390

− Macan volumes declined, reflecting prior-year ramp-up effects and the phase-out of EV incentives in the US

− 911 deliveries confirmed the sustained

demand for Porsche's core sports car

− Panamera deliveries declined due to a temporary supply gap ahead of the launch of China-specific "Pure Editions"

PORSCHE

Analyst & Investor

YTD Q1-25

4,498

from April onwards

− 718 deliveries decreased following the

Call Q1 2026

Macan Electric Macan (Combustion Engine)

end of production in October 2025

8

AUTOMOTIVE - Q1 2025 VS. Q1 2026

REGIONAL DISTRIBUTION

% O F V E H I C L E D E L I V E R I E S

− Sales structure across regions remained well balanced despite economic and geopolitical challenges

− North America remained the largest

YTD Q1 2025

YTD Q1 2026

sales region, with deliveries below the strong prior-year, impacted by

discontinuation of US tax incentives

Overseas and Emerging Markets

22 %

11 %

Germany

Overseas and Emerging Markets

21 %

13 %

Germany

for electric and hybrid vehicles and 718 run-out

− Overseas and Emerging Markets were impacted by product run-offs and

China2

13 %

29 %

25 %

Europe3

China2

12 %

30 %

24 %

Europe3

prior-year ramp-up effects

− China continued to face challenging market conditions, particularly in the luxury segment; Porsche remains

PORSCHE

Analyst & Investor Call Q1 2026

North America1

71,470

DELIVERIES

1 excl. Mexico | 2 incl. Hong Kong | 3 excl. Germany

North America1

60,991

DELIVERIES

focused on value-oriented sales

− Decline in Europe was mainly driven by the strong ramp-up effect of the

all-electric Macan in the prior-year period

9

AUTOMOTIVE - Q1 2025 VS. Q1 2026

REGIONAL DISTRIBUTION

% O F V E H I C L E SA L E S

-9.5 %

58,553

64,693

VEHICLE SALES

21 %

21 %

Q1 2025 Q1 2026

− China continued to reflect challenging market conditions, particularly in the luxury segment, with a clear focus on value-oriented sales

− North America remained Porsche's

largest single region, demonstrating resilience despite a challenging tariff environment and discontinuation of US tax incentives for electric and hybrid vehicles and 718 run-out

− Declines in Germany , Europe as well

as Overseas and Emerging Markets were influenced by limited model availability, including the phase-out of the 718 model range and prior-year ramp-up effects of the Macan Electric

− ASP development continued to

underline Porsche's consistent value-

PORSCHE

Analyst & Investor

Automotive Sales Revenue

per Vehicle sold ("ASP"), in € k1

121 126

over-volume strategy¹

Call Q1 2026

1 Vehicle sales, in the Porsche AG Group are designated as those sales of new and group used vehicles of the Porsche brand, w hich have left the automotive segment for the first time,

provided there is no legal repurchase obligation by a company in the automotive segment. | 2 Excl. Mexico | 3 Incl. Hong Kong 10

AUTOMOTIVE - Q1 2025 VS. Q1 2026

-23.8 %

0.5

0.7

Q1 2025

Q1 2026

− Automotive Sales Revenue was impacted by lower volumes, driven by limited product availability and a continued value-over-volume approach in China

− Pricing effects remained positive and

partly offset the impact from lower unit sales

− Higher cost pressure and extraordinary

expenses, driven by U.S. import tariffs, inflationary material and supplier costs, BEV supplier compensation, and approximately €0.1 bn related to strategic realignment and

battery-related activities

− Expensed R&D increased, reflecting higher depreciation and amortization

PORSCHE

Analyst & Investor Call Q1 2026

8.7 %

18.0 %

AUTOMOTIVE ROS

AUTOMOTIVE EBITDA MARGIN

7.0 %

17.2 %

on capitalized development costs, ongoing investment in product quality, and the planned expansion and adjustment of the product portfolio

11

FINANCIAL SERVICES - Q1 2025 VS. Q1 2026 , IN € BN

− New car penetration decrease driven by tough competition, lower BEV sales and partially declining

24.6 %

0.08

government incentives

0.07

− The risk profile remained unchanged, supported by continuous and prudent monitoring of the dynamic global market environment

PORSCHE

Analyst & Investor Call Q1 2026

39.8 %

Q1 2025

PENE TRATION R ATE

Q1 2026

36.9 %

− Portfolio growth and higher

margins, combined with good credit risk performance and more favorable valuation of interest rate hedges and derivatives, compensate for normalizing residual value trends

12

AUTOMOTIVE - Q1 2025 VS. Q1 2026

NET CASH FLOW

I N € B N

NET LIQUIDIT Y

I N € B N

− Cash flow from operating activities increased year-on-year, driven by higher cash inflows from operating activities and lower working capital

160 %

0.2

0.5

Q1 Q1

∑ app.

-0.6

-0.4

-0.2

Strategic

Strategic realignment & battery activities

US tariffs

7.2 %

7.3

31.12.

7.9

31.03.

outflows

− Disciplined investment and spending continued to support strong cash generation

− Value-oriented production and

inventory management remained a key focus

− Automotive net cash flow improved

despite cash outs of around €0.4 bn primarily related to the first tranche of the Audi license payment and strategic

2025

2026

realignment, battery activities & tariffs

2025

2026

realignment measures

− Tariff payments amounted to around

€0.2 bn

PORSCHE

Analyst & Investor Call Q1 2026

2.5 % 7.0 %

O F AU TO M OTI VE SA L E S R E V E N U E

− Automotive net liquidity increased compared to year-end 2025, reflecting the strong net cash flow performance

13

MOST IMPORTANT PERFORMANCE INDICATORS

2025 OUTLOOK 2026

GROUP Sales Revenue

€36.3 bn

€35 - 36 bn

Return on Sales (RoS) 1.1 % 5.5 - 7.5 %

EBITDA Margin

13.3 %

15 - 17 %

AUTOMOTIVE

Net Cash Flow Margin 4.7 %

3 - 5 %

BEV Share

22.2 %

24 - 26 %

PORSCHE

Analyst & Investor Call Q1 2026

The Porsche AG Group bases its forecast for the fiscal year 2026 on the framework conditions with global conflicts and tensio ns as seen at the end of the reporting year 2025. In addition to the general conditions described above, the Porsche AG Group's forecast assumes that market conditions will remain extremely challenging, particularly in the luxury segment, and that competition will be fierce, especially for all-electric models in China. It is also expected that geopolitical uncertainties, also related to the political position of the USA, will continue to persist. In its forecast for 2026, the Porsche AG Group has taken into account the current framework conditions in place as of the time of reporting with import restrictions, tariffs and taxes. It is also assumed that the development of exchange rates and the regulatory requirements regarding the limits for CO₂ fleet emissions will continue to impact the Porsche AG Group's forec ast in 2026. In addition to the external factors described above, the Porsche AG Group continues to anticipate challenges for sales development due to the delayed transition to electromobility. In addition, a limited product range in certain model series and regions due to life cycle factors is having a negative impact on sales development. As a result of these factors, the Porsche AG Group expects the deve lopment of vehicle sales in the group to be below the level of the reporting year. The strategic realignment initiated in the reporting year against the backdrop of the changed and challenging market environm ent to strengthen earnings power in the short and medium term will continue in the fiscal year 2026 and is reflected accordingly in the forecast. As a result, the Porsche AG Group's forecast as of the tim e of reporting also assumes further, albeit lower compared to the reporting year, expenses and cash outflows in relation to further developments to the future product range, focus on the core business, ensur ing quality-oriented product launches, changes in the corporate organization

and battery activities. 14

DISCIPLINED, ASSET-LIGHT STRATEGY

PORSCHE

DIVIDEND

20251: €1.00 / €1.01 per

ordinary / preferred share

CAPEX AND R&D

Investments peak in 2026, with a structural decline thereafter driven by Strategy 2035

PENSION

Commitment to partially fund the pension deficit in foreseeable time frame

DIVIDEND POLICY

50 % pay-out ratio2

TECHNOLOGY AND

VENTURE

Focus on partnerships and licensing over ownership and vertical integration

LIQUIDITY

Automotive net liquidity position of 15-20 %3 ensuring balance sheet strength

Analyst & Investor Call Q1 2026

Macan GTS (WLTP): Electrical consumption combined:

20.6 - 18.5 kWh/100 km; CO₂ emissions combined: 0 g/km; CO₂ class: A; Status 03/2026

1. Dividend payment to be proposed to the annual general meeting in June 2026

2. Refers to pay-out of previous year's net income based on the Porsche AG Group IFRS profit after taxes

3. of Automotive Sales Revenue 15

Porsche remains one of the world's strongest luxury brands with a loyal customer base and iconic products, but heightened competition, geopolitical uncertainty and shifting market dynamics require decisive structural action.

Strategy 2035 cost optimization and operational excellence with targeted investments in the product portfolio, the customer experience, and the brand -aiming to strengthen Porsche sustainably, both financially and strategically.

Porsche continues to benefit from robust demand for its core products and an attractive product and derivative mix. At the same time operating performance reflects elevated costs, portfolio gaps and external headwinds - and the continuous comprehensive strategic and operational realignment.

The transformation requires time and discipline, but Porsche has all prerequisites in place - a powerful brand, iconic products and strong financial foundations - to sustainably restore profitability and long-term value creation.

PORSCHE

Analyst & Investor Call Q1 2026

A healthy balance sheet, solid liquidity and disciplined capital allocation provide Porsche with the financial strength needed to navigate the transformation and restore compelling margins and cash flows.

16

Sportwagenschmiede 2035

PORSCHE

Analyst & Investor

17

Call Q1 2026 17

PORSCHE VISION

for sports cars

PORSCHE

Analyst & Investor

18

Call Q1 2026 18

PORSCHE MISSION

so I decided to build it myself."

FERRY PORSCHE

PORSCHE

Analyst & Investor

19

Call Q1 2026 19

STRUCTURE

PORSCHE

Analyst & Investor

Call Q1 2026 20

BR AND &

CUSTOMER

We double down on our unique positioning, building

on both sport luxury & sport premium elements

POSITIONING

Automotive revenue

per car [€ k]

Illustrative

300

100

50

PORSCHE

Analyst & Investor Call Q1 2026

10 30

Competitors

1,000+

Deliveries [k cars]

21

21

PRODUCTS & TECH

PORTFOLIO

We strengthen our driver-focused offering in the higher segments, and bring the sportiest car to all Porsche-relevant segments

SEGMENT

SEGMENT

B+

SEGMENT

SPORTS CARS

SPORTS

LIMOUSINES

SPORTS

UTILITY VEHICLES

PORSCHE

Analyst & Investor

22

Call Q1 2026 22

PRODUCTS & TECH

We streamline our future portfolio and reduce complexity while

further scaling our most personal car and Exclusive Manufaktur offering

COMPLE XIT Y

MAXIMIZE

INDIVIDUALIZATION

REDUCE TECHNICAL VARIANCE IN EACH MODEL LINE

PORSCHE

Analyst & Investor Call Q1 2026

… through design and color & trim … through defined technology skateboards

23

23

PRODUCTS & TECH

We have been a BEV pioneer, but continue to recalibrate our BEV ramp-up & ICE-offering in line with slower BEV-transition and customer preferences

E V TR ANSITION

BEV-share of client deliveries

Past Planning

BEV Slowdown

and Recalibration

Current Planning

PORSCHE

Analyst & Investor Call Q1 2026

2025

Illustrative

2030 2035

24

24

PRODUCTS & TECH

We bring even more of our sports car DNA into our future designs of all Porsche cars - amplifying design as a clear differentiator

DESIGN

PORSCHE

Analyst & Investor

25

Call Q1 2026 25

ENTERPRISE

& OPERATIONS

We fundamentally rethink the way we develop cars to bring

new products and innovations to market even faster and at lower cost

R& D

PORSCHE

Analyst & Investor Call Q1 2026

TIME-TO-MARKET COST FLEXIBILITY TECHNOLOGY

26

26

ENTERPRISE

& OPERATIONS

MARKE TS

We will strengthen the role of the U.S. as our most important single market by leveraging our updated powertrain strategy and derivates portfolio

BEV

ICE

BEV

ICE

PORSCHE

Analyst & Investor Call Q1 2026

2025 2030 2035

PAST OUTLOOK

Illustrative

2025 2030 2035

UPDATED OUTLOOK

27

27

ENABLER We set the product quality benchmark (Top 1) for appeal, functionality, and reliability

QUALIT Y

PORSCHE

Analyst & Investor Call Q1 2026

APPEAL FUNCTIONALITY RELIABILITY

28

28

ENABLER

We launched a comprehensive program to set ourselves up for

a much lower break-even point with a highly competitive cost structure

CURRENT TARGET

COSTS

Break-even

PORSCHE

Analyst & Investor Call Q1 2026

Illustrative

Volume

29

29

STR ATEGY We focus on the core of what defines us -

driven by the love for sports cars

SUMMARY

Sportwagenschmiede 2035

PORSCHE

Analyst & Investor

30

Call Q1 2026 30

PORSCHE

Analyst & Investor Call Q1 2026

Those who are fortunate enough to build a business from a dream owe it to the world to be the guardians of those dreams."

FERRY PORSCHE

31

31

2026

23TH JUNE

ANNUAL GENER AL MEE TING

29TH JULY

HALF-YEARLY

F INANCIAL REPORT

AUTUMN

CAPITAL MARKE TS DAY ( E X ACT DATE TBD)

27TH OCTOBER

QUARTERLY REPORT JAN - SEP

PORSCHE

Analyst & Investor

32

Call Q1 2026 32

GROUP - CONDENSED CONSOLIDATED STATEMENT

PORSCHE

Analyst & Investor Call Q1 2026

AUTOMOTIVE

PORSCHE

Analyst & Investor Call Q1 2026

GROUP - CONDENSED CONSOLIDATED STATEMENT

PORSCHE

Analyst & Investor Call Q1 2026

GROUP - CONDENSED CONSOLIDATED STATEMENT

PORSCHE

Analyst & Investor Call Q1 2026