September 2020 Virtual Investor Day Forward Looking Statements and - PowerPoint PPT Presentation

September 2020 Virtual Investor Day

Forward Looking Statements and Non-GAAP Financial Measures Statements and information in this presentation that are not historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made pursuant to the “safe harbor” provisions of such Act. Forward-looking statements include, but are not limited to, statements regarding our outlook, guidance, expectations, beliefs, hopes, intentions and strategies. These statements are subject to a number of risks, uncertainties, assumptions and other factors including those identified below. All forward-looking statements are based on information available to us at the time the statements are made. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. You should not place undue reliance on our forward-looking statements. Actual events or results may differ materially from those expressed or implied in the forward-looking statements. The risks, uncertainties, assumptions and other factors that could cause actual results to differ from the results predicted or implied by our forward-looking statements include the factors disclosed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2019 and in our subsequent Quarterly Reports on Form 10-Q. The reports are available on our investor relations website at lkqcorp.com and on the SEC website at sec.gov. This presentation contains non-GAAP financial measures. Included with this presentation is a reconciliation of each non- GAAP financial measure with the most directly comparable financial measure calculated in accordance with GAAP. 2

Agenda 8:30AM-8:35AM Welcome - Joe Boutross 8:35AM-8:50AM LKQ Corporations Overall Strategy and Mission - Nick Zarcone 8:50AM-9:05AM Strategy & Innovation - Bob Reppa 9:05AM-9:35AM North America Operations - Justin Jude 9:35AM-9:45AM Break 9:45AM-10:15AM Europe Operations - Arnd Franz 10:15AM-10:45AM Specialty Operations - Bill Rogers 10:45AM-11:05AM Financial - Varun Laroyia 11:05AM-11:45AM Closing Remarks and Open Q&A 3

Nick Zarcone President & Chief Executive Officer

Our Mission Statement “ To be the leading global value-added distributor of vehicle parts and accessories by offering our customers the most comprehensive, available and cost effective selection of part solutions while building strong partnerships with our employees and the communities in which we operate. 5

Over 16 Years of Diversified Growth Keystone/ Wholesale Remanufactured Self Serve Europe-Sator Europe-Rhiag Services Salvage Paint US 1998 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Aftermarket Refurbished Keystone/ Europe – Heavy Duty Europe-ECP Collision Wheels Specialty Stahlgruber 2020 1 2003 2007 2011 Total Revenue Total Revenue Total Revenue Total Revenue $328 million $1.11 billion $3.27 billion $11.8 billion 54% North 5% America 13% 12% 21% 3% 46% Recycled Products Aftermarket Self Service Parts European Specialty Other North America North America North America Operations LKQ has grown from a North American collision operation to a globally diversified aftermarket distributor 1) TTM reflects period through 6/30/2020. 6

Key Strategic Pillars Grow Expand Adapt Rationalize Diversified Global To Evolving Asset Base Offerings Footprint Technology GEAR Forward! 7

Recent Business Divestitures PGW Glass Manufacturing Non Core Stahlgruber Andrew Page Auto Parts Depots March 2017 Telecommunications (11 Branches) Non Core, Low Margin Competition Authority Requirement May 2020 August 2018 Rationalize Stahlgruber Czech Auto Parts Recycled Aviation Parts Asset Base Competition Authority Requirement Non Core, Low Margin February 2020 August 2019 Stahlgruber Rubber Materials LKQ Bulgaria Non Core, Low Margin Low Margin September 2019 January 2020 Since 2017, LKQ has divested seven businesses with a combined trailing twelve months revenue of 8 ~$860mm

Key Priorities Profitable Growth Cash Flow Generation European Integration Talent Acquisition 9

Overview of Recent Talent Additions North America Europe Specialty Corporate • CEO Euro Car Parts • Vice President Self Service • Controller Specialty • CEO Stahlgruber • CHRO LKQ Europe Internal • Controller LKQ Hires Europe • CFO North America • CEO LKQ Europe • Global CIO • Global IT Infrastructure • CFO LKQ Europe • SVP Government • Global Cyber Security External • CEO Fource Affairs Hires • Chief Privacy Officer • CEO Rhiag Italy • CIO North America • CEO LKQ CEE Over the last two years, LKQ has significantly strengthened its talent base through 6 internal and 12 external additions at various levels across the enterprise 10

LKQ’s Directors are Well Equipped to Drive Shareholder Value Creation Years on Photo Name Age Relevant Experience Key Skills Independent Board  Unparalleled knowledge of LKQ business and Joseph Holsten 17 68 Former CEO of LKQ industry President and CEO  Extensive finance experience Dominick Zarcone 3 62  Variety of leadership positions in European Patrick Berard  <1 67 CEO and Director of Rexel Group (Effective October 2, ‘19) distribution businesses  Expertise in automotive technology  Meg Divitto 2 49 General Motors/Motorola/IBM  Extensive European automotive aftermarket  Robert Bosch GmbH Robert Hanser 4 67 experience   CPA with experience in European operations Blythe McGarvie 8 63 Bic CFO/Harvard Business School professor American Honda Motor Company Automotive  Knowledge of automotive industry  John Mendel 2 66 Division/Mazda/Ford  Diverse technology, automotive, and Board  Jody Miller 2 62 Board member TRW/CEO of Business Talent Group experience  CEO of Allmerica Financial  Board experience, insurance and financial expertise John O'Brien 17 77 Professor at both Harvard Business School and  Knowledge of corporate governance and Board of  Guhan Subramanian 7 49 Harvard Law School Directors legal processes  Significant global supply chain and logistics Xavier Urbain  <1 63 Previous Group CEO at CEVA Logistics (Effective December 9, ‘19) experience  Investment management and public market Jacob H. Welch  <1 36 Partner of ValueAct Capital experience (Effective August 12, ‘20) Ongoing refreshment program that has resulted in six new directors added over the last two years 11 Indicates Directors Who Have Joined the LKQ Board Since 2018

Sustainable Business Practices Environmental Governance Social 2019 Results (1) • • • Our North American recycling We have shared with our employees Experienced and diverse Board of 887,000 operations harvest vehicle some of the benefits we received as Directors Number of vehicles procured components for reuse in the part of the Tax Reform Act of 2017, • repair of vehicles such as reducing medical care We have added six new Directors 1.5 million premiums, increasing paid time off, since 2018 including two women Catalytic converters • Remaining materials are increasing the Company’s matching • repurposed for use in the contribution under our retirement Over 80% of Directors are 2.6 million manufacturing of new materials plan, creating a tuition Independent Tires such as steel, aluminum, plastic reimbursement program, and • and rubber enhancing a scholarship program for Ongoing Board refreshment 630,000 the children of our employees Batteries • • Our recycling efforts preserve Our Board of Directors recently • natural resources, reduce the We have established a fund to help adopted a revised Code of Ethics 4.2 million demand for scarce landfill space, employees that experience to help ensure that everyone at and help decrease air and water catastrophic losses LKQ is clear on our mission, Fuel (in gallons) pollution values and guiding ethical • 2.6 million We strive to improve the principles • Extract fluids that we recycle or communities in which we operate. Waste oil (in gallons) utilize in our own operations, The employees at our facilities are • Majority voting for director such as gas to run our own truck encouraged to volunteer in local 1.2 million elections fleet community activities, and we have Tons of Crush Auto/Scrap established a charitable foundation • We have implemented proxy to distribute funds to local causes 15.2 million access Total number of individual parts sold Creating shareholder value and growing earnings while enhancing the lives of our employees and the communities in which we operate 1) Represents the North American recycling operation’s efforts in 2019 to minimize the environmental impact of total loss and end-of-life vehicles with effective and proper vehicle disposition, and 12 lists the approximate number or amount of parts or other materials removed from such vehicles and sold or used by us in our operations.