Strictly private and confidential 0 Highly experienced management - PowerPoint PPT Presentation

A global leader in modular machines for e-mobility December 2016 Strictly private and confidential 0

Highly experienced management team with decades of industry experience Rolf Beckhoff Ludger Martinschledde Sebastian Roll Constantin Mang Chief Executive Officer Chief Executive Officer Executive Vice President Executive Vice President Sales and Administration Operations and R&D Finance Strategy and Business Development 13 years at Aumann 24 years at Aumann 17 years at Aumann 2 years at Aumann Engineering and Engineering degree Business administration Business and law degree management degree degree 1 Source: Company information

An e-mobility revolution is underway Global production of electric vehicles 1) Aumann’s mission statement in million vehicles 31 “To be the global leader in production machines for e-mobility providers, growing extraordinarily in the light of this revolution in the automotive industry.” 13 3 2016 2020 2025 Source: Company information based on IHS data 2 1) defined as Hybrid Vehicles (HEVs) and fully Electric Vehicles (EVs)

Aumann‘s focus is at the heart of e-mobility E-motor Energy storage Rotor Rotor/ Stator winding Stator Automation for mass production E-drivetrain 3 Source: Pictures Tesla, Continental

Aumann at a glance Right business Right capabilities Strong growth Fully automated e-drivetrain Revenue 3) 80 years of winding experience production lines … in million € 30 years partner of automotive OEMs +60 % >150 41 patents 1) proving R&D excellence ~ 25% 94 569 2) highly skilled professionals in 5 locations in Germany, China and USA …based on modular machines and unique motor winding technology ~ 30,000 sqm of shop floor 2015A 2016E E-mobility Classic Select customers Order intake YTD in million € ..leveraging know-how from special machinery for Aumann’s classic segment 180 E-mobility Classic 21 Nov 2016 Source: Company information based on IHS data, 4 1) patent number also includes registrations 2) headcount as of Oct. 2016 3) including an acquisition with first consolidation in Nov. 2015

Well positioned to become e-mobility champion 2006 Acquisition of ATS Berlin 1936 Foundation 2009 First e-drivetrain project ▸ E-mobility focus 2015 ▸ E-mobility references Becomes part of 2016 ▸ Winding technology MBB group Aumann AG 2012 First cooperation 2013 Set up of presence in China ▸ Automation know-how and 2012 production scalability Becomes part ▸ E-mobility experience and of MBB group process excellence 1968 ▸ OEM relationships 2011 Foundation First e-drivetrain project 5 Source: Company information

Key highlights Strongly growing with e-mobility revolution 1 benefitting very early on Unique winding technology leading to highly efficient e-motors 2 enabling OEMs to scale up to automated mass production Longstanding relationship with automotive OEMs and track record 3 of jointly developing landmark e-drivetrain platforms Growth model with high visibility supported by 4 expanding margins and strong cash flow generation Expansion strategy driven by highly experienced 5 and successful management 6

1 MARKET E-mobility revolution is on its way Technology Push ▸ EV range increase ▸ Cost decrease ▸ Charging infrastructure densification Daimler will spend 10bn € on EV development Consumer Pull ▸ Environmental sustainability ▸ „Cool“ factor Tesla received around 400k paid reservations for model 3 Regulation Push ▸ Emission reduction ▸ Tax benefits and incentives German Bundesrat wants to abolish ICE production by 2030 Sources: Company information; http://www.reuters.com/article/us-daimler-usa-diesel-idUSKBN13K1MG; Protocol of the 948 th Plenary Session of the German Bundesrat at 23 September 2016; 7 http://fortune.com/2016/04/21/tesla-elon-musk-model-3-orders/

1 1 MARKET Aumann’s machines will be needed by all contestants of the e-mobility revolution OEMs and Tier 1 EV Specialists Digital Challengers “No matter who will prevail in the mobility revolution, they will want Aumann’s machines for e-drivetrain manufacturing” 8 Source: Company information

1 1 MARKET OEMs expand CAPEX into EV component production to meet multiplied e-motor demand Drivetrain plants and capex in Europe Traction e-motors per produced vehicle in million Automotive x4 motors 126 automation € 21bn and machinery capex 95 88 94 x3 motors 26 40 +14 63 x2 motors 62 55 52 39 31 Electric 2015 2022 26 vehicles 13 Electric Diesel/Gasoline 3 2016 2020 2025 9 Source: Alix Partners, company information based on IHS data, 2016: one e-motor per vehicle assumed

2 TECHNOLOGY Aumann R&D centre ensures early customer lock-in Joint optimization with customers on end-product and automated production set-up OEM start of Joint Order 1-2 Years OEM start of ~ 1 Year development optimization intake serial production Machine modules available in R&D centre Linear Flyer Concentrated Distributed Continuous winding winding needle winding needle winding Hairpin 10 Source: Company information

2 TECHNOLOGY Aumann direct winding technology improves e-motor efficiency Less material / lower weight* - 50 % Less copper wire - 30 % Less electrical sheet metal Direct winding technology Less space* - 20 % Reduction of winding head Higher energy conversion Conventional Increased battery reach Indirect winding technology More efficient heat dissipation “Our technology increases the performance per kilo of motor weight” * Material, weight and space savings specific to the pump motor shown on the left Source: Company information 11

2 TECHNOLOGY Direct winding technology is critical to enable fully automated mass production Degree of Process Wire Scrap automation flexibility stress rate Direct winding technology Conventional Indirect winding technology Comparison of processes relates to comparable motors. Source: Company information, Youtube video “Volkswagen e - Up Electric Motor Production”; https://www.youtube.com/watch?v=QgqtT85tMBA; Min 02.53 12

2 TECHNOLOGY Aumann enabling transformation to industrial scale production Units Production estimates for 2020 Production estimates for 2025 p.a. (example of VW-Group) VW-Group DQe platform – 0.3m EV/HEV 5.2m EV/HEV 2.1m VW/Audi DLe platform – 0.2m Direct winding technology for mass production Total EV and HEV – 0.9m EV/HEV 2.6m EV/HEV 1.9m Examples of EV or Plug-In HEV production in 2016 S - 56k Indirect winding Leaf - 48k technology for small scale Qin – 40k Volt – 34k production I3 - 26k Outlander – 20k E-Up – 5k Time 13 Source: Company information based on IHS data

2 TECHNOLOGY Unique combination of winding and automation capabilities with e-drivetrain experience Competitive landscape (schematic) Not ordered within cluster Wind. 1 Wind. 5 Direct Wind. 4 Aumann Wind. 2 Wind. 7 Winding focus Wind. 8 Wind. 3 Indirect Wind. 6 Auto. D Auto. B Auto. C none Auto. A Auto. E low high Automation experience Competitors Known e-drivetrain experience Source: Company information 14 Select competitors, size of the bubble represents most recently available revenues data. Size is not representative of sales that are above EUR1bn

3 CUSTOMERS Close partnership with blue chip customers enabling Aumann’s e-mobility growth Participation in landmark e-mobility projects Select longstanding relationships > € 100 million cumulative revenue each OEMs Case study C Relationship since 1985 Hybrid power trains Driving module and laboratory machines E-motors Relationship since 1986 Pilot series of e-motors in try-out centre Tier-1 Suppliers Relationship since 1990 Case study E-motor B E-bike motor manufacturing Case study A Other Relationship since 1999 Battery module manufacturing 15 Source: Company information

3 A CUSTOMERS Case Study: How to become a market leader in built camshafts 2015 First automation 2013 for cylinder Rotor shaft 20xx deactivation production Introduction of 2011 systems (e-mobility 2005 active cylinder Joint development application) Machine deactivation 2001 and first order of improvement for assembly line for Start of 1999 variable valve camshaft modules production on Joint development control first Aumann and first order for components lines camshaft machine schematic market share of time Aumann as provider of innovative technology … with joint development towards new applications … leveraging ICE technology for e-mobility application 16 Source: Company information

3 B CUSTOMERS Case Study: How to become a market leader in e-bike motors Aumann supplies Bosch as number one e-bike motor producer ▸ Longstanding Aumann customer for winding machinery ▸ Motor manufacturing solely conducted on Aumann winding machines ▸ Due to machine complexity, service agreements signed with Aumann ▸ Even as late comer, Bosch has become the market leader in the e-bike premium segment Aumann technology as enabler for market leadership 17 Sources: Company information, http://www.bosch-presse.de/pressportal/de/de/rueckenwind-fuer-den-ebike-markt-79296.html