PIERER MOBILIT Y AG REPORT H1 2 0 2 1

REPORT H1 2021 3 NON-FINANCIAL KEY PERFORMANCE INDICATORS: Employees 12) Unit sales total 13) Unit sales motorcycles 14) Unit sales e-bikes OTHER NON-FINANCIAL FIGURES: Production motorcycles worldwide 15) Production motorcycles in Mattighofen 16) Employees in R&D as % of total employees R&D expenses from revenue Proportion of female employees H1 2020 H1 2021 CHANGE IN % Headcount Number of units Number of units Number of units 4,329 124,682 90,331 34,351 4,888 215,646 176,045 39,601 12.9% 73.0% 94.9% 15.3% H1 2020 H1 2021 CHANGE IN % Number of units Number of units in per cent in per cent in per cent 86,665 40,827 20.0% 9.7% 23.0% 171,338 85,315 19.0% 7.0% 24.0% 97.7% >100% Previous year adjusted, see notes „principles for financial reporting“ Working capital employed = inventories + trade receivables - trade payables Net debt = financial liabilities (current, non-current) - cash Gearing = net debt / equity Free cash flow = cash flow from operating activities + cash flow from investing activities Additions to property, plant and equipment and intangible assets according to the schedule of investments, excluding lease additions (IFRS 16) ROCE = EBIT / average capital employed; Capital employed = Property, plant and equipment + goodwill + intangible assets + working capital employed ROE = earnings after taxes / average equity ROIC = NOPAT / average capital employed; NOPAT = EBIT - taxes 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) Since November 14th, 2016 listing on SIX Swiss Exchange 11) Equity / number of shares 12) Number of employees on the reporting day (including temporary staff) 13) Including motorcycles sold by partner Bajaj; excluding non-e-bikes 14) Including motorcycles sold by partner Bajaj 15) Including small-engine KTM and Husqvarna models produced by partner Bajaj in India; incl. production in Spain 16) Annual production units at the headquarter in Austria

REPORT H1 2021 5 HUSQVARNA Svartpilen 401 MY20 GASGAS EC 350F MY20 TABLE OF CONTENT R RAYMON TOURRAY E 5.0 MY21 GROUP STRUCTURE ............................................................................... 4 INTERIM CONSOLIDATED MANAGEMENT REPORT ................................. 7 INTERIM CONSOLIDATED FINANCIAL STATEMENTS ............................. 18 CONDENSED NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS ..................................................................... 26 DECLARATION OF THE EXECUTIVE BOARD ........................................... 36 FINANCIAL CALENDAR ........................................................................ 37 KTM 1290 SUPER ADVENTURE S MY21 KTM 1290 SUPER DUKE R MY21 HUSQVARNA MOUNTAIN CROSS 5, MY21

REPORT H1 2021 7 I N T E RI M C O N S O L I DAT E D M A N A G E M E N T RE P O R T PERFORMANCE OF THE PIERER MOBILITY GROUP ............................................... 8 ECONOMY AND MARKET DEVELOPMENT ............................................................ 11 BUSINESS DEVELOPMENT AND ANALYSIS OF THE EARNINGS RATIOS ............................................................................................. 12 STATEMENT OF FINANCIAL POSITION ANALYSIS ................................................ 14 LIQUIDITY ANALYSIS .......................................................................................... 14 INVESTMENTS .................................................................................................... 15 EMPLOYEES ....................................................................................................... 15 RISK REPORT ..................................................................................................... 15 RELATED PARTY DISCLOSURES ......................................................................... 16 EVENTS AFTER THE REPORTING DATE ............................................................... 16 OUTLOOK ........................................................................................................... 16

REPORT H1 2021 9 tively to ever-changing customer needs. Part of this strategy includes an open approach to different battery solutions in order to exploit the advantag- es of both integrated and removable batteries. The first vehicles resulting from this collaboration will be launched in early 2022. PIERER Mobility AG and VARTA AG, the leading European manufacturer of Li-ion cells and a global innovation and technology leader, agreed in March 2021 on a strategic cooperation for the development of highly efficient battery systems in the electric two-wheeler sector. VARTA and KTM want to use highly efficient battery systems to send a strong signal in and from Europe. The intention is in particular to cooperate in the areas of research, development, production, marketing and sales as well as in the area of return, recycling and the 2nd life of batteries. The cooperation partners see great potential for the development of a platform battery for light electric vehicles in the field of 48-volt technology with peak outputs of up to approx. 20 kW. PIERER Mobility AG and MAXCOM Ltd. decided in July 2021 to establish a joint venture for e-bike manufacturing in Plovdiv, Bulgaria to expand the bicycle and e-bike production capacity, in which each has a 50% share. The total level of investment is EUR 40 million. A state-of-the-art e-bike production facility will be built over an area of 130,000 m². International suppliers will also be given the opportunity to set up production facilities at the site. Commissioning is scheduled for the second half of 2023. The annual production capacity is around 350,000 units. PIERER Mobility AG brings its entire vehicle development and production expertise to the joint venture. MAXCOM Ltd. is one of the largest bicycle manufacturers in Eastern Europe and a member of the MAXEUROPE Group in Bulgaria. Its bicycles were officially launched in the EU in 2001 and, since then, more than 95% of its OEM products have been sold to European customers. Maxcom already manufactures mainly bikes of the R RAYMON brand, but increasingly also the Husqvarna E-Bicycles brand for PIERER E-Bikes GmbH. NEW MODELS The KTM 1290 SUPER ADVENTURE S heralded the third generation of KTM ADVENTURE models with over 1,000 cc displacement in the first quarter of 2021 and is KTM's sportiest and most technologically advanced adventure bike. KTM utilized the feedback from developers to usher in a new era of rider-focused design and groundbreaking technology with the KTM 1290 SUPER ADVENTURE S, which will be in dealerships from March 2021. The KTM 1290 SUPER ADVENTURE R also presented a motorcycle which was designed from scratch with an extensive list of innovative upgrades. The first quarter of 2021 also saw the launch of new, Euro-5-compliant naked bikes in the KTM DUKE family, the KTM 125 DUKE and the KTM 390 DUKE. After the release of the KTM 890 DUKE R in early 2020, KTM will be releasing the new KTM 890 DUKE, which will deliver 10 more horsepower and 5 newton meters more torque than the KTM 790 DUKE. The 2022 KTM EXC RANGE has also been available since the first half of 2021. The new 2022 KTM Motocross range was also launched in the second quarter of 2021. The complete 2022 KTM SX RANGE has been developed based on the extensive experience gained from the racing paddock and therefore perfectly meets KTM's high performance standards. Husqvarna Motorcycles expanded its street offering in the first quarter with the new Svartpilen 125, a single-cylinder machine that expands the Svartpilen line and combines intelligent design with high-end components, agile handling and rugged aesthetics. In addition, Husqvarna Motorcycles launched the Euro-5-compliant 701 Enduro and 701 Supermoto in the first quarter of 2021. Each model benefits from common and specific upgrades that boost overall performance, ensuring the two high-displacement machines continue to deliver unrivaled riding experiences both on and off-road. Following the recently announced entry into e-mobility and the electric E-Pilen Concept motorcycle, Husqvarna Motorcycles introduced the Vektorr Concept, its first electric scooter, which is aimed directly at urban commuters. Together with the E-Pilen Concept, the Vektorr Concept offers an enticing vision of what Husqvarna Motorcycles' involvement in electric urban mobility will look like. Furthermore, Husqvarna Motorcycles presented its competitive 2022 2-stroke and 4-stroke Motocross range of nine motorcycles. GASGAS Motorcycles, known for their light weight, ease of use and high performance, confirmed the global availability of the latest MY 2022 TXT RACING and TXT GP Trial models. In addition, GASGAS Motorcycles expanded its range of dirt bikes with the MC 85 with 17/14-inch wheels, the MC 250 2-stroke and the MC 350F 4-stroke. The new motorcycles will be available from October 2021. In the e-bike segment, Husqvarna E-Bicycles introduced a new generation of mid-mounted motors with the Shimano EP 8. These will be used in all top models in the off-road segment. With the E-Tube Project app, Husqvarna E-Bicycles is addressing another mega trend which can be used to adapt the system settings to the conditions of a cycling trip and save them on an individual basis. In addition, the newly streamlined Husqvarna MY22 fleet features a series of technological leaps from lighter frame platforms to revised kinematics and geometry. Further, the Husqvarna E-Bikes Passive Efficiency Setup has also been introduced and aims to reduce energy loss and maximize performance with a combination of smart features and im- provements. To commemorate the last generation of the Mountain Cross and Hard Cross lines in 2021, eMTBs will also be launched as special limited editions under the name “The Legacy Capsule”.

REPORT H1 2021 11 EC O N O M Y A N D M A R K E T D E V E L O P M E N T With COVID-19 continuing to spread around the world for more than a year, the global economic outlook is fraught with uncertainty, especially regarding the course of the global pandemic. According to the April 2021 International Monetary Fund (IMF) report, global growth is forecast to be 6.0% in 2021, 0.8 percentage points higher than was predicted in the October 2020 World Economic Outlook (WEO), and global growth is forecast to be 4.4% in 2022, which is 0.2 percentage points higher than the October WEO. This improved forecast reflects the additional fiscal support that has been provided in a number of economies and the expected recovery thanks to the rollout of vaccines in the second half of the year. In the medium term, global growth is estimated to be moderate at 3.3%. According to the IMF, the unprecedented political response means that the COVID-19 pandemic will probably have less of an impact than the global financial crisis in 2008. However, as emerging markets and low-income developing countries are more heavily affected, it is expected that these countries will suffer greater losses in the medium term. Forecast growth for this year is 5.1%, and 3.6% for next year in industrialized nations. Expansion of +4.4% is forecast for the euro zone for 2021. The IMF expects growth of 3.8% for the euro area in 2022. For emerging markets and developing countries, the IMF forecasts economic growth of 6.7% for 2021 and 5.0% for 2022. In China growth of 8.4% for 2021 and 5.6% for 2022 is forecast. India’s economic output is forecast to increase by 12.5% in the current year and increase by 6.9% next year. With 426,800 registered vehicles in the first half of 2021, the European motorcycle market 1 expanded by 25.1% compared to the previous year. This increase was mainly due to the development in European markets such as France (+28.0%), Italy (+53.1%), the United Kingdom (+29.9%) and Spain (+40.7%). Positive developments were also recorded in Germany (+5.2%), the home market of Austria (+22.1%), as well as Belgium and the Neth- erlands. The market share of KTM, HUSQVARNA Motorcycles and GASGAS for motorcycles registered for road use in the 1st half of the year in Europe was 11.3% (previous year: 11.8%). The number of registrations in the U.S. motorcycle market 2 increased during the first half of 2021 with almost 250,000 registered vehicles (+15.7% compared to the previous year). KTM, HUSQVARNA and GASGAS increased their market share in the USA from 10.5% to 10.8% compared to the previous year. In addition, registrations in the Australian / New Zealand motorcycle market rose to around 36,750 in the first half of 2021 (+9.7% compared to the previous year), with the PIERER Mobility Group increasing its market share from 17.7% to 18.9%. Strong gains in the motorcycle market were also recorded in the three largest South American countries. Argentina (+31.3%), Brazil (+43.3%) and Colombia (+61.7%) recorded significant increases with an equal rise in demand for premium motorcycles, resulting in an increase in registrations for the PIERER Mobility Group of 106.6% in Argentina and 152.6% in Colombia. In the e-bike segment, European market data is currently available for 2020 3. In the past calendar year, approximately 4.537 million e-bikes (Electric Pedal Assist Cycle, max. 25km/h assistance) were sold in Europe (EU27+UK), an increase of 33.5% compared to 2019. The largest sales markets for e-bikes are Germany, followed by the Netherlands, France and Italy. These countries account for almost three-quarters of the European e-bike market. 1 Motorcycles >= 120 cm3 without Motocross, Scooters, and ATVs, incl. electric motorcycles in the markets DE, FR, IT, UK, ES, SE, BE, NL, AT, CH, FI, DN, NO, GR, CEE, BALTIC 2 Motorcycles >= 120 cm³ excluding Scooters, and ATVs, including electric motorcycles 3 CONEBI – Confederation of the European Bicycle Industry: 2021 European Bicycle Industry and Market Profile (2020 Statistics)

REPORT H1 2021 13 UNIT SALES BY REGIONS H1 2021 41% Europe 17% North America (incl. Mexico) 17% India / Indonesia (by Bajaj) 25% remaining global regions E-BIKES REVENUES BY REGIONS H1 2021 59% Europe 21% North America (incl. Mexico) 20% remaining global regions In the first half of 2021, revenue of EUR 83.6 million was generated in the e-bike segment (previous year: EUR 68.3 million). This represented an in- crease in revenue of around 22% compared to the same period of the previous year. The EBITDA in the first half of 2021 was EUR 7.3 million (previous year: EUR 5.6 million) and the EBIT was EUR 5.2 million (previous year: EUR 3.5 million). PIERER E-Bikes GmbH experienced an unprecedented surge in demand. Although this is a positive sign overall, the situation is impacting our interna- tional supply chains, leading to some delays in production and delivery. This is due in isolated cases to longer delivery times from suppliers, shortages of materials and higher costs for international deliveries. PIERER E-Bikes has been actively managing these challenges for over a year and expects the situation to continue into 2022. The joint venture with the Bulgarian bicycle manufacturer MAXCOM, which was agreed in July 2021, should shorten delivery routes. The aim in future, also with a view to embracing a sustainable procurement strategy, is to engage in more local sourcing in Europe or in the vicinity of production sites. A total of 39,601 HUSQVARNA, R RAYMON and GASGAS e-bikes were sold in the first half of the year (previous year: 34,351). Sales of non-e-bikes are distributed exclusively under the R RAYMON brand and amounted to 13,777 units in the first half of the year (previous year: 8,492 units). Sales in the first half of the year were almost exclusively in Europe, with Germany (62.2%) and Austria (10.1%) currently the two largest markets. GASGAS Bicycles was officially launched and is now available in nine countries exclusively through motorcycle dealers, in line with the brand strategy of targeting GASGAS Motorcycle enthusiasts. Over 2,000 GASGAS branded e-bikes were already sold in the first half of the year. UNIT SALES BY REGIONS H1 2021 75% DACH region 24% remaining Europe 1% remaining global regions REVENUES BY REGIONS H1 2021 72% DACH region 27% remaining Europe 1% remaining global regions

REPORT H1 2021 15 I N V E S T M E N T S In the first half of 2021, investments 4 of EUR 76.0 million were made in the PIERER Mobility Group (previous year: EUR 66.8 million). The investments break down into development projects (including tools), property, plant and equipment and intangible assets as shown below (in EUR millions): 66.8 in EUR million 76.0 in EUR million 9.0 intangible assets 6.1 property, plant and equipment 51.7 R & D (incl. tools) 5.0 intangible assets 13.1 property, plant and equipment 57.9 R & D (incl. tools) H1 2020 H1 2021 The proportion of investments in development projects (including tools) in relation to total investments of 76% remained roughly at the previous year’s level (previous year: 77%). The consistently high investments in series product development represent one of the key success factors of the PIERER Mobility Group. At 18%, investments in infrastructure (property, plant and equipment) were above the previous year’s exceptionally low level of 9%. In the second quarter of the previous year, there were temporary delays in investment projects, which were made up for in the second half of the previous year. Another 7% (previous year: 13%) is attributable to intangible assets (IT and licenses). The decline is due in particular to the acquisition of the GASGAS brand rights. E M P L OY E E S As of June 30, 2021, the PIERER Mobility Group employed 4,888 people, 4,075 of them in Austria (83%). Around 900 of the group’s employees work in research and development. Since the beginning of the year, the number of employees has increased by 302 and, compared to June 30, 2020, the PIERER Mobility Group has actually increased its headcount by 559 and continues to seek new employees in various areas. As part of an apprentice drive, 80 more apprentices will begin their training this year. In total, the group is currently training around 200 apprentices. RI S K RE P O R T With regard to the risk report, please refer to the consolidated financial statements as of December 31, 2020. Due to the current developments in the COVID-19 pandemic, the economic developments are being continually reassessed. In particular, market risks, industry-specific risks, and financial risks, such as liquidity, default, and interest rate risks, are being reevaluated. 4 Excluding lease additions (IFRS 16) of EUR 6.8 million (previous year: EUR 6.1 million).

REPORT H1 2021 17

EURk Equity and liabilities: Equity: Share capital Capital reserves Other reserves including retained earnings Equity of the owners of the parent company Non-controlling interests Non-current liabilities: Financial liabilities Liabilities for employee benefits Deferred tax liabilities Other non-current liabilities Current liabilities: Financial liabilities Trade payables Provisions Tax liabilities Other current liabilities REPORT H1 2021 19 06/30/2021 12/31/2020 22,539 9,949 372,878 405,366 320,142 725,508 467,795 27,911 87,652 11,343 594,701 70,296 378,868 22,876 26,614 118,457 617,111 22,539 9,949 327,767 360,255 293,864 654,119 456,089 28,665 86,940 9,735 581,429 74,594 262,099 17,979 9,198 86,616 450,486 1,937,320 1,686,034

C O N S O L I D AT E D S TAT E M E N T O F C O M P RE H E N S I V E I N C O M E F O R T H E F I R S T H A L F -Y E A R F R O M 1 / 1 / 2 0 21 T H R O U G H 6 / 3 0 / 2 0 21 REPORT H1 2021 21 EURk Profit or loss for the period Items reclassified to profit or loss or which can be subsequently reclassified Foreign currency translation Valuation of cash flow hedges Deferred tax on valuation of cash flow hedges Items not reclassified to profit or loss Revaluation of net debt from defined benefit plans Tax effect Other net result after tax Total comprehensive income thereof owners of the parent company thereof non-controlling shareholders H1 2021 H1 2020 78,310 -9,552 2,195 1,904 -476 3,623 1,003 -251 752 4,375 82,685 42,931 39,754 -1,272 745 -186 -713 -4 1 -3 -716 -10,268 -5,409 -4,859

REPORT H1 2021 23 EURk H1 2021 H1 2020 Financing activity - Dividend payments to third parties - Acquisition of own shares + Sale of own shares + (-) Disposal/acquisition of non-controlling interests + Taking out non-current interest-bearing liabilities - Repayment of lease liability - Repayment of non-current interest-bearing liabilities + (-) Change in other current financial liabilities + (-) Change frome other financing liabilities Cash flow from financing activities Total cash flow + Opening balance of liquid funds within the Group + Effect of foreign currency fluctuations Closing balance of liquid funds within the Group -24,465 0 13,595 -703 29,528 -9,006 -27,359 9,957 26 -8,427 58,163 218,270 5,884 282,317 -26,251 -4,569 0 -796 0 -9,202 -5,217 54,090 -1,366 6,689 -19,951 160,864 -904 140,009

REPORT H1 2021 25 Equity of the owners of the parent company Reserve in accordance with IFRS 9 Adjustment items currency translation Reserves for own shares Total Shares of non- controlling shareholders Total consolidated equity -1,318 0 1,233 1,233 0 0 0 0 -2,016 0 1,147 1,147 0 0 0 0 -8,447 360,255 293,864 654,119 0 0 0 0 0 8,447 0 0 40,162 2,769 42,931 -11,173 -519 13,595 277 38,148 1,606 39,754 -13,292 -184 0 0 405,366 320,142 78,310 4,375 82,685 -24,465 -703 13,595 277 725,508 Share capital Capital reserves 22,539 9,949 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Reserves including total earnings 339,548 40,162 389 40,551 -11,173 -519 5,148 277 22,539 9,949 373,832 -85 -869 Equity of the owners of the parent company Share capital Capital reserves 22,539 0 22,539 9,949 0 9,949 0 0 0 0 0 0 0 0 0 0 0 0 Reserves including total earnings 310,986 -5,908 305,078 -4,797 -2 -4,799 0 -132 0 22,539 9,949 300,147 Reserve in accordance with IFRS 9 Adjustment items currency translation Reserves for own shares Total Shares of non- controlling shareholders Total consolidated equity -140 0 -140 0 47 47 0 0 0 -93 203 0 203 0 -657 -657 0 0 0 -454 -5,220 0 -5,220 0 0 0 0 0 -4,569 -9,789 338,317 -5,908 332,409 -4,797 -612 -5,409 0 -132 -4,569 322,299 280,316 -5,516 274,800 -4,755 -104 -4,859 -13,246 -664 0 256,031 618,633 -11,424 607,209 -9,552 -716 -10,268 -13,246 -796 -4,569 578,330

REPORT H1 2021 2727 N E W LY A P P L I E D S TA N D A RD S A N D I N T E R P RE TAT I O N S The table below shows the standards and interpretations mandatorily applied for the first time that had also already been endorsed by the European Commission as of January 1, 2021: First-time application January 1st 2021 New or amended standards and interpretations Published by the IASB Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 – Interest rate benchmark reform phase 2 Amendments to IFRS 4 – Extension of the temporary exemption from IFRS 9 August 27th 2020 June 25th 2020 The PIERER Mobility Group assumes that there will be no material effects on the consolidated financial statements due to the standards to be newly applied in the 2021 financial year. ES T I M AT ES A N D U N CERTA I N T IES I N JUDG M E N T S A N D A S S U M P T I O N S To a certain degree some estimates and assumptions must be made in the consolidated financial statements. These influence the recognized assets and liabilities, the disclosure of contingent liabilities as at the reporting date and the presentation of income and expenses for the respective financial year. Estimates are basically based on the past experience of the Executive Board and the circumstances as of the balance sheet date. The amounts actually arising may differ from the estimates if assumed parameters develop contrary to expectations. If new conditions become known, they are duly taken into account and previous assumptions are revised. Estimates and uncertainties in judgments and assumptions are explained in the consolidated financial statements of PIERER Mobility AG as of December 31, 2020 under Point 5 of “Estimates and uncertainties in judgments and assumptions”. S E A S O N A L I T Y Seasonal effects occur due to the different seasonality of offroad and street motorcycles. In the street segment, there are higher revenues in the first half of the year, whereas in the offroad segment, the main focus is on the second half of the year. Due to the increasing importance of the street segment in total revenues, seasonal effects are to a large extent smoothed out over the year.

REPORT H1 2021 2929 S EG M E N T RE P O R T I N G The business activities of PIERER Mobility AG are managed on the basis of the two corporate segments of “Motorcycles” and “E-Bikes” (previously: “E-Bicycles”). The individual segments are managed separately and report to the Executive Board of PIERER Mobility AG in accordance with IFRS accounting regulations. The main decision-maker for the segment report is the Executive Board of PIERER Mobility AG. The segment reporting is made with the segments Motorcycles, E-Bikes and others, according to the internal reporting. MOTORCYCLES: The KTM subgroup forms the “Motorcycles” segment. KTM AG is the parent company of the KTM Group which promotes the development, production, and distribution of motorized vehicles for recreational purposes (power sports), in particular under the KTM, Husqvarna Motorcycles, GASGAS, and WP brands. As of June 30, 2021, the KTM Group includes in its consolidated financial statements 51 subsidiaries located in Austria, the USA, Japan, South Africa, Mexico, India, Australia, and New Zealand, as well as in various other countries in Europe and Asia. In addition, the KTM Group has equity holdings in assembly companies in the Philippines and China. E-BIKES: The PIERER E-Bikes subgroup forms the “E-Bikes” segment. The company PIERER E-Bikes GmbH, which was newly founded in 2020, is the parent company of the PIERER E-Bikes Group. The focus of the brands Husqvarna E-Bicycles, R RAYMON, and GASGAS E-Bicycles is on developing, manufac- turing and trading e-bikes and bicycles. In total, the segment comprises 9 fully consolidated companies with sales subsidiaries in Italy, France, Spain, Sweden, Switzerland, the USA, and the UK. OTHERS: The “Others” segment summarizes PIERER Mobility AG, KTM E-Technologies GmbH, KTM Innovation GmbH, Avocodo GmbH, HDC GmbH, and Platin 1483 GmbH. Segment information for the first half-year 2021 and first half-year 2020 is as follows: : H1 2021 EUR million MOTORCYCLES E-BIKES Others Consolidation TOTAL Revenues (including revenues within the segments) External revenues Result from operating activities Investments 1) Depreciation and amortization Share in the result of companies accounted for using the equity method 992.4 992.4 100.1 74.3 65.5 -1.3 83.6 83.6 5.2 0.9 2.2 0.0 21.6 2.0 -3.3 0.8 0.9 0.0 1,078.0 1,078.0 102.6 76.0 68.6 -0.7 -19.6 0.0 0.7 0.0 0.0 0.6 Balance sheet total Equity 1,804.1 689.5 106.6 37.6 326.2 259.1 -299.7 -260.7 1,937.3 725.5

REPORT H1 2021 3131 N O T E S T O T H E C O N S O L I D AT E D S TAT E M E N T O F F I N A N C I A L P O S I T I O N A N D C O N S O L I D AT E D S TAT E M E N T O F C H A N G E S I N EQ U I T Y Non-current assets increased in the first half of the year by 1.2%. The increase is mainly due to the intangible assets, where especially in the area of development projects the level of investment is higher than the level of depreciation. Current assets are 32.2% above the value as of December 31, 2020 due to the growth-related increase in trade receivables and the strengthening of liquidity. On the liabilities side, current liabilities increased by 37.0% in the first half of the year, mainly due to the increase in trade payables. The 2.3% increase in non-current liabilities is specifically due to the increase in non-current financial liabilities. In May 2021, KTM AG issued registered bonds with a term of 12 years amounting to EUR 29.5 million with a nominal value of EUR 30 million. The consolidated equity increased during the first six months by EUR 71.4 million to EUR 725.5 million. On the one hand, equity was boosted by the net result for the period of EUR 78.3 million and the sale of treasury shares with proceeds of EUR 13.6 million, while on the other hand dividend payments of EUR 24.5 million led to a reduction in equity. The other effects essentially concern the change in holdings in subsidiaries, the recognition of foreign currency differences with no effect on profit or loss, the measurement of financial instruments and the revaluation of net debt from defined benefit plans. As of the reporting date, the equity ratio was 37.4% (December 31, 2020: 38.8%). At the end of the reporting period on December 31, 2020, property, plant, and equipment amounting to EUR 76.2 million was secured by pledge agree- ments recorded in the land register and deposited pledge certificates, primarily for liabilities owed to credit institutions. As of June 30, 2021, there were no changes. N O T E S T O T H E S TAT E M E N T O F C A S H F L O W S In the first half of 2021, the liquid funds of the group increased by EUR 64.0 million to EUR 282.3 million. The increase consists of the cash flow from operating activities of EUR 150.7 million, the cash flow from investing activities of EUR -84.1 million and the cash flow from financing activities of EUR -8.4 million. Foreign exchange effects of EUR 5.9 million also arose. The free cash flow in the first half of 2021 improved by EUR 93.2 million compared with the same period of the previous year, specifically due to the positive earnings development, and amounted to EUR 66.6 million as of June 30, 2021. The dividend payments reported in the cash flow from financing activity of EUR -24.5 million (previous year: EUR -26.3 million) relate to dividends paid by the operating KTM AG to its minority shareholders of EUR 13.3 million (previous year: EUR 13.2 million), dividends paid by PIERER Mobility AG to its shareholders of EUR 11.2 million (previous year: no dividend), and the previous year’s recapitalization of KTM MOTOHALL GmbH as part of the initial consolidation of the company at the level of KTM AG of EUR 13.0 million. D I S C L O S U RE S RE L AT I N G T O F I N A N C I A L I N S T RU M E N T S The measurement categories of IFRS 9 were used to classify and measure the assets side. The fair value of a financial instrument is determined by means of quoted market prices for identical instruments in active markets (Level 1). If no quoted market prices in active markets are available for the instrument, the fair value is determined by means of measurement techniques for which the material inputs are based exclusively on observable mar- ket data (Level 2). In all other cases, the fair value is determined on the basis of measurement techniques for which at least one input is not based on observable market data (Level 3).

REPORT H1 2021 3333 Fair value Carrying amount 06/30/2021 Level 1 Level 2 Level 3 Total AC Amortised Cost FVOCI Fair Value through OCI FVOCI Fair Value through OCI (without recycling) FVPL Fair Value through P&L Fair Value - hedging instruments - 897 - 1,194 - - - - - - - - - 24,318 216 897 24,318 1,410 - - - - - - - - - 282,317 267,550 40,427 - - - - - - - - 216 - 24,318 1,194 - - - - - - 897 - - - - - Fair value Carrying amount 12/31/2020 Level 1 Level 2 Level 3 Total AC Amortised Cost FVOCI Fair Value through OCI - - - 1,194 - - - 1,663 532 - - - - - - 1,663 - 17,051 216 532 17,051 1,410 - - - - - - - - - - 218,270 127,836 37,718 - - - - - - - FVOCI Fair Value through OCI (without recycling) - - - 216 - - - FVPL Fair Value through P&L Fair Value - hedging instruments - - 17,051 1,194 - - - 1,663 532 - - - - -

REPORT H1 2021 3535 Fair value Carrying amount 06/30/2021 Level 1 Level 2 Level 3 Total AC Amortised Cost FVOCI Fair Value through OCI FVOCI Fair Value through OCI (without recycling) FVPL Fair Value through P&L Fair Value - hedging instruments - - - - - - 413 759 - - - - - - 413 759 - - 504,261 - 504,261 - - - - - 479,858 58,233 378,868 63,392 - - - - - - - - - - - - - - - - - - 413 759 - - - - Fair value Carrying amount 12/31/2020 Level 1 Level 2 Level 3 Total AC Amortised Cost FVOCI Fair Value through OCI FVOCI Fair Value through OCI (without recycling) FVPL Fair Value through P&L Fair Value - hedging instruments - - - - - - - 245 748 2,085 - - - - - - - 245 748 2,085 - - 495,649 - 495,649 - - - - - 468,956 61,727 262,099 54,975 - - - - - - - - - - - - 245 - - - - - - - 748 2,085 - - - -

REPORT H1 2021 3737 F I N A N C I A L C A L E N D A R February 1, 2022 March 29, 2022 April 18, 2022 April 28, 2022 May 4, 2022 May 5, 2022 May 9, 2022 Announcement of preliminary annual results 2021 Publication of annual financial statements 2021 Record date annual general meeting 25th annual general meeting Ex-dividend date Record date „dividends“ Dividend payment date August 30, 2022 Report on the 1st half-year 2022 IMPRINT CONTACT Owner and publisher PIERER Mobility AG Edisonstrasse 1 4600 Wels, Austria FN 78112 x / Wels Provincial and Commercial Court Michaela Friepess Investor Relations, Sustainability Telefon: +43 7242 69 402 E-Mail: ir@pierermobility.com Website: www.pierermobility.com Concept and design: Grafik-Buero Elena Gratzer, 4600 Wels, www.grafik-buero.at Photos: KTM archive, Husqvarna Motorcycles archive, WP archive, Husqvarna E-Bicycles archive, GASGAS archive, Kiska. The present half-year report has been prepared with the utmost care and the correctness of the data was checked. Nevertheless, slight differences in the calculations may arise as result of the summation of rounded amounts and percentages, and typographical and printing errors cannot be ruled out. References to persons such as “employees” or “staff members” are intended to be gender-neutral and insofar as the contrary appears this is solely for purposes of legibility. This half-year report and the forward-looking statements it contains were prepared on the basis of all the data and information available at the time of going to press. However, we are must point out that various factors may cause the actual results to deviate from the forward-looking statements given in the report. This half-year report is published in German and English. In case of doubt, the German version shall prevail.