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B3: LEVE3 | Segment: Novo Mercado Investor Relations | August 7th, 2025 Q2 2025 Financial Results Video Conference Call MAHLE Metal Leve S.A.
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AGENDA 1. 2. 3. 4. 5. 6. 7. Q2 2025 Videoconference Highlights Market Overview Net Revenues Performance by Market Summary P&L Financial Management Questions & Answers
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SPEAKERS Q2 2025 Videoconference CLAUDIO BRAGA Chief Financial Officer and Investor Relations Officer DANIEL BRASIL ALVES Marketing and Corporate Communications 3 | IR | Investor Relations | August 07th, 2025
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~2.6bi (1H25) NET OPERATING REVENUE HIGHLIGHTS Q2 2025 Videoconference: Highlights 9 BUSINESS FACILITIES IN South & Central America 1 Mogi Guaçu, São Paulo (SP) 2 manufacturing plants 2 São Bernardo do Campo (SP) 1 manufacturing plant 3 Jaguariúna (SP) 1 manufacturing plant 4 Itajubá (MG) 1 manufacturing plant 5 Rafaela, Argentina 1 manufacturing plant 6 Jundiaí (SP) 1 Technology Center 7 Limeira (SP) 1 Distribution Center 8 Buenos Aires, Argentina 1 Distribution Center 9 Cidade do Panamá 1 Sales Office 27.5% (1H25) GROSS MARGIN 16.4% (1H25) EBIT MARGIN 4 | IR | Investor Relations | August 07th, 2025 18.9% (1H25) EBITDA MARGIN 9 7 1 6 2 3 4 5 8
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HIGHLIGHTS Q2 2025 Videoconference 5 | RI | Relações com Investidores | 07.08.2025 ▪ Brazilian government approved the increase of Ethanol blend in the Gasoline from 27% to 30% and biodiesel from 14% to 15%. ▪ Sustainable Car Program with tax reduction for vehicles produced in Brazil with Flex fuel 1,0L engine. ▪ “Green Tax” rules were also announced reducing tax (IPI) for efficient and sustainable cars. ▪ Import tax on electrified vehicles increased from July on. BEV from 18% to 25%. ▪ The US government has imposed 50% tariffs on auto parts starting August 6. New businesses aligned with our strategy: ▪ CarbonCanister, Dust Filter, OilFilter and Ducts. ▪ DieselEngine Valves for Light Vehicle application. ▪ TurboEngine Components (Piston, Pin, Rings, Bearings and Thrust Washers) Light Vehicle application (Asian Line).
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MARKET OVERVIEW Sales and Production: Brazil and Argentina Production: North America and Europe ¹ Source: Anfavea, Fenabrave, Adefa, IHS, Acara & Indec. ² Source: IHS H1 2025 x H1 2024 Vehicles (thousands) Brazil Argentina Total Light 1,132.7 5.0% 299.0 84.6% 1,431.7 15.4% Heavy-duty 66.4 1.2% 11.3 99.1% 77.7 9.0% Light 1,144.6 8.1% 250.5 15.6% 1,395.0 9.4% Heavy-duty 82.1 3.9% 4.8 37.8% 86.9 5.3% Sales1 Production1 Production2 H1 2025 X H1 2024 Vehicles (thousands) Europe North America Total Light 8,740.3 -4.4% 7,692.3 -4.6% 16,432.6 -4.5% Heavy-duty 277.5 -12.3% 247.9 -26.6% 525.4 -19.1% 6 | IR | Investor Relations | August 07th, 2025
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NET REVENUES PERFORMANCE BY MARKET Net sales by market Net sales by market (in BRL million, except percentages) Q2 2025 (a) Q2 2024 (b) (a/b) H1 2025 (a) H1 2024 (b) (a/b) Original Equipment – Domestic 531.7 296.6 79.3% 1,043.0 573.2 82.0% Original Equipment – Export 320.3 312.9 2.4% 602.1 615.8 -2.2% Subtotal 851.9 609.5 39.8% 1,645.1 1,189.0 38.4% Aftermarket – Domestic 431.7 387.6 11.4% 830.6 750.1 10.7% Aftermarket – Export 85.5 71.8 19.1% 160.1 150.5 6.4% Subtotal 517.2 459.4 12.6% 990.7 900.6 10.0% Total 1,369.2 1,068.9 28.1% 2,635.8 2,089.6 26.1% 7 | IR | Investor Relations | August 07th, 2025
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SUMMARY P&L Summary of income statement Just for comparison’s purpose SUMMARY OF RESULTS (Millions BRL) Q2 2025 IAS-29 Hyperinflation Argentina Q2 2025 without IAS-29 Q2 2024 without IAS-29 IAS-29 Hyperinflation Argentina Q2 2024 Net operating revenue 1,369.2 (13.9) 1,355.3 1,068.9 (41.5) 1,027.4 Gross profit 372.1 16.5 388.6 326.4 5.1 331.5 Selling, general and administrative expenses and other operating income (expenses) (163.9) 1.7 (162.2) (133.7) (1.2) (134.9) Gain on net monetary position of foreign subsidiary (operating profit) 22.4 (22.4) - - (5.8) - Profit before finance income and costs and taxes (EBIT) 230.6 (4.2) 226.4 198.5 (1.9) 196.6 Net finance income (41.7) (0.5) (42.2) (50.4) (8.0) (58.4) Income tax and social contribution (62.2) - (62.2) (59.6) - (59.6) Profit for the period 126.7 (4.7) 122.0 88.5 (9.9) 78.6 EBITDA 261.0 (4.3) 256.7 224.0 (1.9) 222.1 Gross margin 27.2% 28.7% 30.5% 32.3% EBITDA margin 19.1% 18.9% 21.0% 21.6% FOR COMPARISON PURPOSES, THE TABLE SHOWS THE EFFECTS OF IAS-29 (CPC 42) ON ACCOUNTING 8 | IR | Investor Relations | August 07th, 2025
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SUMMARY OF RESULTS Summary of results Just for comparison’s purpose SUMMARY OF RESULTS (Millions BRL) H1 2025 IAS-29 Hyperinflation Argentina 1S25 without IAS-29 1S24 without IAS-29 IAS-29 Hyperinflation Argentina H1 2024 Net operating revenue 2,635.8 (16.6) 2,619.2 2,089.6 (61.5) 2,028.1 Gross profit 724.8 24.0 748.8 644.1 41.2 685.3 Selling, general and administrative expenses and other operatingincome (expenses) (324.4) 2.0 (322.4) (254.5) (3.5) (258.0) Gain on net monetary position of foreign subsidiary (operating profit) 32.3 (32.3) - 71.7 (71.7) - Profit before finance income and costs and taxes (EBIT) 432.7 (6.3) 426.4 461.3 (34.0) 427.3 Net finance income (29.6) (0.9) (30.5) (38.6) (7.3) (45.9) Income tax and social contribution (117.6) - (117.6) (134.0) - (134.0) Profit for the period 285.5 (7.2) 278.3 288.7 (41.3) 247.4 EBITDA 498.2 (6.3) 491.9 512.1 (34.1) 478.0 Gross margin 27.5% 28.6% 30.8% 33.8% EBITDA margin 18.9% 18.8% 24.5% 23.6% FOR COMPARISON PURPOSES, THE TABLE SHOWS THE EFFECTS OF IAS-29 (CPC 42) ON ACCOUNTING 8 | IR | Investor Relations | August 07th, 2025
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Acquisitions in 2024 Comparison of 1H 2025 (real) versus Valuation (weighted average) NET OPERATING REVENUE EBIT ROIC VALUATION VALUATION VALUATION 1H25 Revenue above Valuation 9 | IR | Investor Relations | August 07th, 2025 1H25 EBIT above Valuation 1H25 ROIC above Valuation MAHLE Compressores do Brasil Ltda. + MAHLE Aftermarket Thermal SUMMARY OF RESULTS
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NET FINANCIAL RESULT 11 | IR | Investor Relations | August 07th, 2025 Finance income and costs (in BRL million) Q2 2025 (a) Q2 2024 (b) Var. (a-b) H1 2025 (c) H1 2024 (d) Var. (c-d) Net interest income (expense) (28.5) 3.2 (31.7) (50.2) 3.0 (53.2) Net foreign Exchange gains (losses) and gain (loss) on derivates (13.1) (77.1) 64.0 28.1 (57.4) 85.5 Net monetary variation + Others (0.1) 23.5 (23.6) (7.5) 15.78 (23.3) Net finance income (costs) (41.7) (50.4) 8.7 (29.6) (38.6) 9.0 Leverage (x) 1.17 0.66 Cash and equivalent¹ 208.9 382.2 Short term¹ -382.5 -87.4 Long term¹ -968.3 -947.7 NET financial position¹ -1,141.9 -652.9 June 30th, 2025 December 31st, 2025¹ in BRL million
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CASH FLOW Cash and equivalents (Millions BRL) 10 | IR | Investor Relations | August 07th, 2025 382.2 349.4 (10.6) (13.2) 178.9 10.4 (277.8) (95.7) (64.0) (237.5) (14.8) (10.9) 196.4 Cash and equivalent: Dec, 2024 Working Capital Amortization (Principal) Interests paid Cash Generation Interests Received Dividends & IoC Taxes CAPEX Acquisitions FX-Var. (Cash & Bonds) Leasing Cash and equivalent: Jun, 2025
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Q&A SESSION 12 | IR | Investor Relations | August 07th, 2025 SMLL B3 IDIV B3 IGC-NM B3 IGC B3 IGCT B3 ICON B3 INDX B3 ITAG B3 IBRA B3 Brands sold by MAHLE Metal Leve