H1 2022_PIERER Mobility AG H1 2022_PIERER Mobility AG R e p o r t _ H 1 2 0 2 2 T a b l e o f C o n t e n t s

Report_H1 2022 Group figures KE Y FINANCIAL PERFORMANCE INDICATORS: E A RNIN G S R AT I O S Revenue EBITDA EBIT EBITDA margin EBIT margin OTHER FINANCIAL FIGURES: E A RNIN G S R AT I O S Earnings after taxes Earnings after minorities B A L A N CE S HEE T R AT I O S Balance sheet total Equity Equity ratio Working capital employed 1) Net debt 2) Gearing 3) CA S H - FLO W A ND CA PE X Cash flow from operating activities Cash flow from investing activities Free cash flow 4) Cash flow from financing activities Capital expenditure 5) VA LUE CRE AT I O N ROCE (Return on capital employed) 6) ROE (Return on equity) 7) ROIC (Return on invested capital) 8) S TO CK E XCH A N GE R AT I O S 9) Share price as of June 30; SIX Swiss Exchange Number of shares Market capitalization Earnings per share Book value per share 10) in m€ in m€ in m€ in percent in percent in m€ in m€ in m€ in m€ in percent in m€ in m€ in percent in m€ in m€ in m€ in m€ in m€ in percent in percent in percent in CHF in m shares. in m CHF in € in € Group figures DOWNLOAD Change 7.1% -5.2% -9.6% Change -12.9% 68.3% Change 11.0% 5.8% 56.6% > 100 % Change < 100 % -45.0% < 100 % < 100 % H1 2021 1,078.0 171.2 102.6 15.9% 9.5% H1 2022 1,154.1 162.3 92.8 14.1% 8.0% H1 2021 H1 2022 78.3 40.2 68.2 67.6 12/31/2021 06/30/2022 2,033.7 765.6 37.6% 160.5 189.9 24.8% 2,256.8 809.7 35.9% 251.3 383.2 47.3% H1 2021 H1 2022 -24.2 -122.0 -146.2 -38.5 150.7 -84.1 66.6 -8.4 76.0 102.5 34.9% 12/31/2021 06/30/2022 17.4% 20.1% 13.0% 15.3% 17.3% 11.5% 06/30/2021 06/30/2022 80.6 22.5 1,816.7 1.8 32.2 64.0 33.8 2,163.0 2.0 24.0 Change -20.6% 19.1% 11.5% -25.6%

Report_H1 2022 Group structure SIMPLIFIED PRESENTATION, JUNE 2022 100% 100% 100%1) 100%1) 50% 50% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Motorcycles Motorcycles New mobility New mobility New mobility New mobility Design, concept development Design, concept development & digitalization & digitalization Other shareholdings: ACstyria Mobilitätscluster GmbH 12.3%; Platin 1483. GmbH 100%; Pierer E-Commerce GmbH 100% 1) PIERER E-Bikes GmbH was incorporated within the Group by PIERER Mobility AG into KTM AG with entry in commercial register in July 2022.

Report_H1 2022 HUSQVARNA FC 450, MY23 HUSQVARNA FC 450, MY23 © Rudi Schedl © Rudi Schedl

Report_H1 2022 Interim consolidated management report FOR THE FIRST HALF -YE AR 2022 OF PIERER MOBILIT Y AG , WEL S PERFOMANCE OF THE PIERER-MOBILIT Y GROUP PIERER Mobility AG is the holding company of Europe’s leading manufacturer of powered two-wheelers, producing a full range of premium brands including KTM, GASGAS and Husqvarna Motorcycles. With key strengths in innovation, the group is a pioneering technology leader in two-wheeled e-mobility through its motorcycle brands. Its Husqvarna E-Bicycles, GASGAS Bicycles, FELT Bicycles and R Raymon complement the two-wheeler segment. Rounding out the premium brand offering are high-performance components produced under the WP brand and KTM X-BOW high-end sports cars. Its strategic partnership with Bajaj in India has enabled the company to diversify its production capabilities in recent years and increase its competitiveness in the global marketplace. The cooperation with CFMOTO in China and a joint venture with Maxcom in Bulgaria strengthen its production of bicycles and motorcycles for the long term. With leading technology in the low-voltage e-mobility sector, PIERER Mobility aims to become the global leader in electric two-wheelers in the 250W to 15kW range. SALES AND DE VELOPMENT OF RE VENUE IN THE FIRST HALF OF 2022 Despite the difficult economic market environment with intensified supply chain problems and supply bottlenecks, the continuing risks from the COVID-19 pandemic and the sanctions imposed by the West against Russia in the first half of the year as a result of the military attack on Ukraine, the PIERER Mobility Group increased group revenue by 7.1% to € 1,154.1 million in the first half of 2022 (previous year: € 1,078.0 million). On the sales side, demand could not be fully met in the first half of the year. Due to the backlogs of parts, especially in the electronics area, neither motorcycles nor e-bicycles could be fully assembled. These vehicles will therefore only went on sale with a delay at the beginning of the second half of the year. In the first half of 2022, the Motorcycle Division of the PIERER Mobility Group thus sold a total of 163,334 KTM, Husqvarna Motorcycles and GASGAS motorcycles1 worldwide (previous year: 176,045), which means that sales volumes were 7.2% lower in total compared to the first half of 2021 due to the aforementioned delay. The Bicycle Division sold a total of 51,417 units (-3.7%). Of these, 34,829 were e-bicycles and 16,588 were conventional bicycles under the Husqvarna, GASGAS, FELT and R Raymon brands. Despite the sustainable challenges in the supply chains, a total of 198,163 Powered Two-Wheelers (PTWs – motorcycles and e-bicycles) were sold worldwide (-8.1% compared to the prior year). Growth was particularly strong in North America, where 44,689 motorcycles were sold, an increase of 47% compared to the first half 1 incl. electric motorcycles and e-balanced bikes of 2021. In Europe, the supply chain issue was particularly noticeable for PIERER Mobility AG; 61,435 motorcycles were sold in the first half of the year (-15% compared to the previous year). In Australia/New Zealand, 6,707 motorcycles were sold. In India, too, the unavailability of parts led to a decline in motorcycle sales to 18,251 units (previous year: 30,561). Although the entire motorcycle market was affected by supply chain issues and experienced slightly declining growth rates in the first half of 2022, the PIERER Mobility Group was able to largely stabilise its market shares in the global markets. ACTIVITIES In order to lay the organizational foundations for the ongoing global expansion in the bicycles division, operational activities were bundled together at PIERER E-Bikes GmbH, Munderfing. As part of the strategic expansion plans, the construction of a logistics center for bicycles in Munderfing was completed in the first half of 2022. This center will be responsible for the logistical organization and global distribution of bicycles. In addition, the acquisition of FELT Bicycles at the end of last year clearly reflects the philosophy of taking country-specific features into account during expansion. Independent, differentiated sales channels as well as their expansion through specialist motorcycle dealers are the pillars of the PIERER Mobility Group's successful sales strategy in the bicycle sector. KTM Technologies GmbH and its partners also won the JEC Composites Innovation Award 2022 in the Sport category. The award was for a brake disc guard manufactured using Conexus technology which combines biocomposites with biobased thermoplastics. The component serves as a demonstration of what sustainable products could look like in the near future and how sustainable materials can be used sensibly in series production. NE W MODEL S In the first quarter of 2022, KTM presented the revised KTM 890 DUKE R in the mid-range segment as well as a new naked bike in the KTM DUKE family: the KTM 890 DUKE GP. KTM also presented a limited special edition, the BRABUS 1300 R. This comes with a full-fledged partnership between KTM and BRABUS enabling BRABUS to enter the world of motorcycling. The latest iteration of the KTM EXC and EXC-F models in 2023 reinforces KTM's claim to class leadership in the enduro off-road segment for all riders and terrains, starting with the entry-level 2-stroke KTM 150 EXC and 4-stroke KTM 500 EXC-F.

Report_H1 2022 history again by winning the Grand Prix in Mugello (Italy). At 18 years outstanding performance to win the KTM home cup at the 2022 old, he is the youngest Moto2 champion ever. FIM Hard Enduro World Championship in Eisenerz, Styria at the Red Bull Erzbergrodeo. After 13 of 19 races total in the 2022 MXGP Also in the Moto3 category, the PIERER Mobility Group is showing Championship Series, GASGAS Factory Racing's Jorge Prado is its dominance with nine out of eleven wins this season. Sergio holding on to his second place overall after delivering what were Garcia and Izan Guevara of GASGAS Aspar Team are leading the clearly top performances in recent races. riders' championship at the halfway point. GASGAS is leading in the Manufacturers Championship, and the Aspar Team occupies first place in the team standings. With the brands KTM, Husqvarna IMPACT OF THE RUS SIA N - UK R A INIA N WA R Motorcycles and GASGAS, 9 teams are fighting for the world PIERER Mobility Group's business has not been directly or championship. significantly affected by the military conflict in Ukraine. PIERER Mobility does not have any investments, other assets or other Rockstar Energy Husqvarna Factory Racing's Billy Bolt also put in a material business relationships in Ukraine, Russia or Belarus, nor sensational season performance to take the 2022 FIM SuperEnduro does it have any material business relationships with suppliers or World Championship title for the second time, some 80 points ahead dealers in these countries. of the runner-up. The other front ranks are dominated by Husqvarna and GASGAS, with Rockstar Energy Husqvarna Factory Racing's Strategic corporate decisions, objectives and actions have not Colton Hakker in third place and GASGAS Factory Racing's Diogo been affected by the war and are not expected to be. Overall, this Vieira in fourth. will not have a material financial impact on the financial statements for the first half of 2022. The PIERER Mobility Group therefore does With 17 rounds of AMA Supercross Championship racing completed not expect the war to have any material impact on its expected in the 450SX class, KTM, Husqvarna and GASGAS have put on a future cash flows, net assets, financial and earnings position, or stellar performance. Rockstar Energy Husqvarna Factory Racing's on developments foreseeable from today's perspective. Indirectly, Malcolm Stewart finished third and kept the top spot within reach, however, as in the industry as a whole, the business risk for the while Red Bull KTM Factory Racing's Marvin Musquin and GASGAS PIERER Mobility Group is increasing, in particular due to further Factory Racing's Justin Barcia finished fourth and fifth, respectively. increases in energy and raw material costs as well as negative Red Bull KTM Factory Racing rider Manuel Lettenbichler put in an effects on the global economy. ECONOMY AND MARKE T DE VELOPMENT In recent months, the aftermath of the COVID 19 pandemic as well organizations in the field of global growth forecasting, such as the as the global economic consequences of the Russian invasion of International Monetary Fund (IMF), the Organisation for Economic Ukraine, which has triggered a tragic humanitarian crisis, have Cooperation and Development (OECD), the World Bank, and the increasingly affected economic development and its prospects. The United Nations (UN), significantly adjusting their forecasts for global crisis now emerging shows the many aspects of supply shortages, growth. All of their forecasts show a reduction in growth rates of not only for the global economy but also for people throughout the around 1.5 percentage points on average and global growth rates world. Key examples are inflation rates, which seem to be settling at of around 3% for the current year 2022. According to the July 2022 high levels in the short term, and China's strict zero-COVID-policy, report of the International Monetary Fund (IMF), global growth is which is further exacerbating shortages of the world's limited forecast at 3.2% in 2022, 0.4 percentage points lower than previously resources and goods due to congestion in the transportation of in the April 2022 World Economic Outlook (WEO). Global growth of goods. Commodity prices have risen significantly. This reflects in 2.9 percent is forecast for 2023, 0.7 percentage points lower than no small part the importance of well-functioning, highly efficient, coordinated supply chains, it increases inflationary pressures and affects real incomes and spending. The concerning situation described above is resulting in leading in the April WEO, assuming the military conflict remains confined to Ukraine and there is no complete cessation of Russian gas exports to European economies. The IMF expects the growth rate to be this moderate because global financial conditions are tightening, major central banks expect to raise interest rates more sharply to ease

Report_H1 2022 BUSINESS DE VELOPMENT AND ANALYSIS OF THE E ARNING R ATIOS In the first half of 2022, the PIERER Mobility Group generated a record revenue of € 1,154.1 million, up from € 1,078.0 million in the previous year, representing an increase in revenue of around 7%. Approximately 95 % of revenues were earned outside Austria. From a regional point of view, some 53% of the revenue was attributable to Europe (-9 percentage points compared to the previous year), 30% to North America including Mexico (+10 percentage points compared to the previous year) and 17% to the rest of the world (-1 percentage point compared to the previous year). The operating result (EBIT) of € 92.8 million in the first half of 2022 is below the previous year's figure of € 102.6 million. The operating result before depreciation and amortization (EBITDA) of € 162.3 million is also below the previous year's figure of € 171.2 million. The previous year's figures were positively impacted mainly due to the exceptionally high demand for PTWs and increases in sales volumes, especially in the motorcycle segment. Despite the challenging market environment, the EBIT margin for the first half of 2022 was a pleasing 8.0%, while the EBITDA margin was 14.1%. The net result after tax in the first half of the year was € 68.2 million (previous year: € 78.3 million). The overall sales figures of the PIERER Mobility Group as well as the sales of PTWs (motorcycles and e-bicycles) in the first half of the year are as follows: Units sales total (Number of units) continued high demand for PTWs, with the record sales volume from the first half of 2021 still within reach. With 114,159 KTM motorcycles, 34,737 Husqvarna motorcycles and 14,438 GASGAS motorcycles sold in the first half of 2022, a total of 163,334 motorcycles (previous year: 176,045 units) were sold (taking into account motorcycles sold in India and Indonesia by partner Bajaj). 133,858 114,159 33,681 34,737 8,506 14,438 Unit sales H1 2021 Motorcycles (Number of units) 176,045 Unit sales H1 2022 Motorcycles (Number of units) 163,334 H1 2022 H1 2021 PTWs Bicycles 198,163 214,751 215,646 229,423 KTM Husqvarna Motorcycles GASGAS The two segments “Motorcycles” and “Bicycles” represent the main operational areas of the PIERER Mobility Group, the development of which is discussed below. Around 38% of motorcycles were sold in Europe (-3 percentage points year-on-year), 27% in North America including Mexico (+10 percentage points year-on-year) and 11% in India and Indonesia via partner Bajaj (-6 percentage points year-on-year). A further 24% in the rest of the world (-1 percentage point year-on-year). MOTORCYCLES Motorcycles Unit Sales by reions H1 2022 In the first half of 2022, the Motorcycle Division achieved a revenue of € 1,072.8 million (previous year: € 992.4 million). Driven by the sustained high global demand for powered two-wheelers, an increase of 8.1% was recorded compared with the same period of the previous year. EBITDA of € 167.1 million (previous year: € 165.6 million) and EBIT of € 100.6 million (previous year: € 100.1 million) were slightly above the previous year in the first half of the year. This corresponds to an EBITDA margin of 15.6% (previous year: 16.7%) and an EBIT margin of 9.4% (previous year: 10.1%). remaining global region 24% India/ Indonesia (by Baja) 11% Despite global supply chain issues, the Motorcycle Division again achieved respectable sales volumes in the first half of 2022 due to the Europe 38% North America (incl. Mexico) 27%

Report_H1 2022 Bicycles Revenue by regions H1 2022 remaining global region 1% North America 9% remaining Europe 18% DACH region 72% STATEMENT OF FINANCIAL POSITION ANALYSIS The balance sheet structure of the PIERER Mobility Group is as follows: Non-current assets Current assets Assets Equity Non-current liabilities Current liabilities Equity and liabilities 12/31/2021 06/30/2022 Mio. € in % Mio. € in % 992.8 1,040.9 2,033.7 765.6 649.5 618.7 2,033.7 48.8% 51.2% 100.0% 37.6% 31.9% 30.4% 100.0% 1,036.9 1,220.0 2,256.8 809.7 613.0 834.2 2,256.8 45.9% 54.1% 100.0% 35.9% 27.1% 37.0% 100.0% The balance sheet total of the PIERER Mobility Group increased by 11.0% from € 2,033.7 million to € 2,256.8 million compared to the consolidated financial statements as of December 31, 2021. Similar to previous years, the increase in non-current assets from € 992.8 million to € 1,036.9 million was in particular in the area of development projects, which was above the level of amortization and resulted in an increase in intangible assets in the first half of the year. Within current assets, stock in particular increased by € 158.4 million. This was due in particular to the build-up of stock of unfinished products, raw materials and supplies. The other changes relate to the increase in trade accounts receivable and other assets on the one hand and the reduction in cash and cash equivalents on the other. Overall, this resulted in an increase in current assets of 17.2% to € 1,220 million. Current liabilities increased by € 215.5 million (+34.8%) compared to December 31, 2021. The increase is largely attributable to the rise in trade payables. Non-current liabilities decreased slightly by 5.6% to € 613.0 million. Equity increased by € 44.1 million from € 765.6 million to € 809.7 million in the first six months. On the one hand, equity was strengthened by a net result after tax of € 68.2 million. On the other hand, dividend payments of € 34.3 million and the purchase of shares in KTM AG (increase in shares from 99.75% to 100%) worth € 5.1 million led to a reduction in equity. The other effects of € 15.3 million essentially concern 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. At 35.9%, the equity ratio is below the value as of December 31, 2021 of 37.6% due to the balance sheet increase described above.

Report_H1 2022 investments also include the procurement of tools, the acquisition of additional land, and investments in digital sales platforms for dealers and end customers. EMPLOYEES As of June 30, 2022, the PIERER Mobility Group employed 5,656 people, 4,674 of them in Austria (83%). Around 1,200 of the group’s employees work in research and development. Since the beginning of the year, the number of employees has increased by 407 and, compared to June 30, 2021, the PIERER RISK REPORT Mobility Group has actually increased its headcount by 768 and continues to seek new employees in various areas. As part of an apprentice drive, 70 more apprentices will begin their training this year. In total, the group is currently training around 200 apprentices. For details relating to the risk report please refer to the consolidated financial statements as of December 31, 2021. The following comments update the risks already described there, which arise in particular from the aftereffects of supply chain bottlenecks and rising inflation rates, as well as from new developments in regulatory initiatives within the European Union. procurement prices for raw materials, supplies and components – already driven by the global shortage – as well as in the increased production overheads, especially in energy prices, and the sharp rise in transport costs. Rising personnel costs are not currently a risk driver, although salary and wage increases are expected as a result of adjustments to inflation rates and union demands. SUPPLY CHAIN BOT TLENECKS AND INCRE ASED INFL ATION R ATES In the current situation, the procurement risk faced by the PIERER Mobility Group consists largely of failing to receive ordered components or receiving them at points in time other than those originally agreed. The first half of 2022 confirmed the forecasts made at the end of 2021 and led to disruptions in the procurement of essential electrical components. Thanks to close cooperation along the entire supply chain, the resulting backlogs were controlled and cleared towards the end of the first half of the year. Although there may be delays in the second half of the year due to global supply chain bottlenecks in the procurement of certain components, the foreseeable situation has now been largely stabilized through targeted inventory build-up in order to cover the requirements of the respective production sites in the longer term. The main task in the second half of the year will be to secure capacities with our supply partners in line with the continuing high demand for PTWs. As explained in the presentation of the overall economic situation, leading economic institutes assume that the current high inflation rates will not persist in the medium term, i.e. that this is a temporary phenomenon. Nevertheless, the current situation gives rise to a cyclical global procurement and sales risk that also affects the PIERER Mobility Group. Essentially, this risk lies in the increased On the procurement side, the Group is countering the risk from rising procurement prices through several measures, such as the use of alternative supply chains and corresponding activities to reduce costs incurred, the implementation of efficiency measures at supplier partners through support cost engineering, and the agreement on temporary price increases based on indices. In addition, the Group has already implemented other significant measures to build up inventories and safeguard production, as mentioned above. Due to the flexibility in the implemented production layout, the Group is also able to adjust production schedules as needed in the event of global developments leading to increasingly tight supply chains. Finally, PIERER Mobility is committed to adjusting its logistical procurement structure to minimize transportation distances and associated costs. However, the global impact of high inflation rates could ultimately be reflected in changes in customers' overall reduced consumption behavior. PIERER Mobility continuously monitors such effects on customers' consumption behavior and notes that demand for PIERER Mobility Group products as a quality provider of PTWs remains at a high level. Further increases in interest rates in the course of fighting inflation could potentially increase pressure on dealers and pose a sales risk for the Group. The Group is therefore in close coordination with its network of dealers, supporting it with targeted programs. The further development of the COVID-19 crisis, the developments

Report_H1 2022 motorcycle segments. In the second half of financial year 2022, challenges in the international supply chains are expected to continue, as capacity and delivery bottlenecks at individual suppliers and in international transport logistics may still lead to delivery delays. The PIERER Mobility Group will and has already taken various measures to identify and minimize negative impacts in the area of supply chain management. The intention is to mitigate the expected challenges and their consequences by means of the supplier risk assessment which was revised last year and also the implemented program to provide advance warning of global events that directly or indirectly affect the supply chain. In terms of sales figures, PIERER Mobility Group expects the motorcycle market to remain generally positive for the quality premium products it sells and to benefit from further catch-up effects once global supply chain issues become less relevant. In line with the strategic goal of contributing to emission reduction and neutrality, the focus of development work in the range up to 400 cc in the coming years will increasingly be on alternative, and in particular electrified drives. In the range above 400 cc, the technological development of conventional forms of drive will be continued. To this end, research into the use of synthetic fuels is being conducted, which, like electrification, are expected to play an important role in achieving climate targets in the future. At its Electromobility Center in Anif near Salzburg, the PIERER Mobility Group has up to 150 employees working on research and development of electromobility solutions for the two-wheelers of the future. In the Bicycle Division, too, the revenue targets set will essentially be achieved despite the uncertainties in the global supply chains, in particular the delays in the procurement of components. In addition to various measures already taken in response to the global supply chain problems, a subsidiary in Taiwan, PIERER E-Bikes Asia Ltd., was established in June 2022. PIERER E-Bikes Asia Ltd. will provide significant support to PIERER Mobility Group in its supply chain management and thus reduce procurement risk through direct access to the Asian market. By entering new markets, especially the North American market, and focusing on product development, steady growth is expected in the bicycle segment. While the focus in 2021 was primarily on the broader establishment of the Husqvarna E-Bicycles and R Raymon brands in the European markets and the expansion of the network of dealers in the core markets of Germany, Austria and Switzerland (DACH), the acquisition of the FELT brand opens up a new range of product, sales and development opportunities. The addition of the FELT brand to the product range will make the offering even more attractive to customers and further accelerate global expansion. In addition to steady growth, the focus is also on increasing efficiency and productivity and optimizing supply chains. The aim is to increase EBIT margin and free cash flow potential. To secure the necessary production capacity, a joint venture was established with MAXCOM Ltd., one of the largest bicycle manufacturers in Eastern Europe and an existing supplier to the PIERER Mobility Group. A state-of-the-art production facility will be built on an area of 130,000 square meters, which will also offer international suppliers the opportunity to set up shop at the site. The planned production capacity is around 350,000 units per year. Wels, August 30, 2022 The Executive Board of PIERER Mobility AG Stefan Pierer Friedrich Roithner Hubert Trunkenpolz Viktor Sigl

Report_H1 2022 GASGAS SM 700, MY22 GASGAS SM 700, MY22 © KISKA © KISKA

Report_H1 2022 Interim consolidated financial statements FOR THE FIRST HALF -YE AR 2022 OF PIERER MOBILIT Y AG , WEL S CONSOLIDATED STATEMENT OF FINANCIAL POSITION as at June 30, 2022 EURk Assets: Non-current assets: Goodwill Intangible assets Property, plant, and equipment Investments accounted for using the equity method Deferred tax assets Other non-current assets Current assets: Inventories Trade receivables Receivables and other assets Tax refund claims Cash and cash equivalents 06/30/2022 12/31/2021 131,189 511,341 365,839 14,766 6,976 6,754 1,036,866 563,611 270,206 191,158 3,648 191,350 1,219,973 2,256,838 130,711 473,561 361,330 13,562 9,617 4,033 992,814 405,174 150,861 110,801 560 373,509 1,040,905 2,033,719

Report_H1 2022 CONSOLIDATED INCOME STATEMENT for the first half-year from 1/1/2022 through 06/30/2022 EURk H1 2022 H1 2021 1) Revenue Production costs of the services provided to generate the revenue Gross profit from sales Selling and racing expenses Research and development expenses Administration expenses Other operating expenses and income Earnings from at-equity holdings Result from operating activities Interest income Interest expenses Other financial and investment income (expenses) Result before taxes Income taxes Profit or loss for the period thereof owners of the parent company thereof non-controlling shareholders Undiluted (=diluted) earnings per share (EUR) 1) Previous year adjusted, see notes "Accounting principles" 1,154,053 -841,731 312,322 -124,361 -22,319 -73,809 22 969 92,824 1,238 -7,132 2,657 89,587 -21,404 68,183 67,576 607 2.00 1,078,027 -795,219 282,808 -102,198 -15,163 -61,657 -482 -665 102,643 776 -6,136 5,356 102,639 -24,329 78,310 40,162 38,148 1.79

Report_H1 2022 CONSOLIDATED STATEMENT OF CASH FLOWS for the first half-year 1/1/2022 through 06/30/2022 EURk Operations Profit or loss for the period + (-) Interest expenses / interest income + Tax expenses + Depreciation/amortization of property, plant and equipment and intangible assets + (-) Other non-cash expenses (income) + Interest received - Interest payments - Tax payments + Dividends received Gross cash flow - (+) Increase (decrease) in the net current assets Cash flow from operations Investing activity - Payments for the acquisition of intangible assets and property, plant and equipment - Payments for the acquisition of investments accounted for using the equity method and other financial assets + Receipts from the sale of intangible assets and property, plant and equipment + (-) Changes to the scope of consolidation + (-) Payments/receipts from other assets Cash flow from investing activity H1 2022 H1 2021 68,183 5,894 21,404 69,438 -3,569 1,219 -7,955 -20,915 0 78,310 5,360 24,329 68,584 -4,535 752 -6,485 -5,747 810 133,699 161,378 -157,937 -24,238 -10,723 150,655 -108,686 0 85 0 -13,350 -121,951 -85,635 -250 852 968 0 -84,065 Free Cash-Flow -146,189 66,590

Report_H1 2022 CONSOLIDATED STATEMENT OF CHANGES IN EQUIT Y for the first half-year 1/1/2022 through 06/30/2022 EURk Balance as of January 1, 2022 Profit or loss for the period Other comprehensive income Total comprehensive income Transactions with shareholders Dividends to third parties Acquisition/disposal of shares to subsidiaries Disposal of own shares Miscellaneous Balance as of June 30, 2022 EURk Balance as of January 1, 2021 Profit or loss for the period Other comprehensive income Total comprehensive income Transactions with shareholders Dividends to third parties Acquisition/disposal of shares to subsidiaries Disposal of own shares Miscellaneous Balance as of June 30, 2021

Report_H1 2022 Bericht_H1 2022 WP Suspension APEX PRO 7548 Fork © WP Suspension

Report_H1 2022 Condensed notes to the consolidated financial statements FOR THE FIRST HALF -YE AR 2022 COMPANY INFORMATION PIERER Mobility AG is the holding company of Europe’s leading manufacturer of powered two-wheelers, producing a full range of premium brands including KTM, GASGAS and Husqvarna Motorcycles. With key strengths in innovation, the group is a pioneering technology leader in two-wheeled e-mobility through its motorcycle brands. Its Husqvarna E-Bicycles, GASGAS Bicycles, FELT Bicycles and R Raymon complement the two-wheeler segment. Rounding out the premium brand offering are high-performance components produced under the WP brand and KTM X-BOW high-end sports cars. Its strategic partnership with Bajaj in India has enabled the company to diversify its production capabilities in recent years and increase its competitiveness in the global marketplace. The cooperation with CFMOTO in China and a joint venture with Maxcom in Bulgaria strengthen its production of bicycles and motorcycles for the long term. With leading technology in the low-voltage e-mobility sector, PIERER Mobility aims to become the global leader in electric two- wheelers in the 250W to 15kW range. PRINCIPLES OF FINANCIAL REPORTING PIERER Mobility AG has its registered office at 4600 Wels, Edisonstraße 1, and is registered in the commercial register of the Provincial Court as Commercial Court of Wels under the number FN 78112 x. The shares of PIERER Mobility AG have had a primary listing in the “Swiss Performance Index (SPI)” of the SIX Swiss Exchange in Zurich and, as of March 1, 2022, trading was additionally admitted to the Prime Market of the Vienna Stock Exchange, which means that the shares of PIERER Mobility AG are listed in the top segment of the Vienna Stock Exchange. At the request of PIERER Mobility AG, the management of the Frankfurt Stock Exchange has approved the admission of the company's shares (ISIN: AT0000KTMI02) for trading on the regulated market of the Frankfurt Stock Exchange with effect from the end of October 18, 2022. The condensed interim consolidated financial statements for the reporting period from January 1 to June 30, 2022 of PIERER Mobility AG were prepared in accordance with the International Financial Reporting Standards (IFRS), as applied in the EU, applying IAS 34 (Interim Financial Reporting). These condensed interim consolidated financial statements for the first half-year of 2022 have not been audited or reviewed by an auditor. The condensed interim consolidated financial statements do not include all of the notes and disclosures required for year-end consolidated financial statements and should therefore be read in conjunction with the consolidated financial statements as of December 31, 2021. The interim consolidated financial statements are prepared in euros, which is the functional currency of the parent company. Unless specifically indicated, all amounts are rounded to the nearest 1,000 euros (EURk), which may give rise to rounding differences. The use of automated calculating tools may result in rounding differences with accumulation of rounded figures and with percentages. The accounting policies applied as of December 31, 2021, with the exception of IFRS, which are mandatory as of January 1, 2022, are applied generally unchanged. The financial reporting of the companies included in the condensed interim consolidated financial statements is subject to uniform accounting principles. These rules were applied by all consolidated entities. As part of the ongoing optimization of cost monitoring and reporting, the reporting of various logistics, transport and administrative expenses as well as the valuation of PG&A (Parts, Garments and Accessories) in the consolidated income statement was adjusted as of the beginning of the financial year. In order to improve comparability, the cost of sales was increased by € 8.4 million and administrative expenses by € 4.1 million in the prior-year consolidated income statement on the one hand, while selling and racing expenses were reduced by € 12.5 million on the other. The adjustments had no impact on the result. Pursuant to IAS 34, income tax expenses for the interim consolidated financial statements have been calculated using the average annual tax rate expected for the financial year as a whole. On January 20, 2022, a reduction in the corporate income tax rate to 24% from 2023 and to 23% from 2024 was approved in the third reading in the National Council in Austria. As a result, deferred tax liabilities were reduced by € 9.4 million as of June 30, 2022. The transfer price concept is reviewed on an ongoing basis, with appropriate adjustments being made in

Report_H1 2022 IMPACT OF THE RUSSIAN-UKR AINIAN WAR AND THE COVID -19 PANDEMIC ON THE HALF-YE AR RESULTS In the first half of 2022, the aftermath of the COVID-19 pandemic, including China's zero COVID policy, as well as the global economic consequences of Russia's invasion of Ukraine, severely impacted economic development and growth forecasts. The impact can be seen in supply shortages, rising inflation rates, and the bottlenecks in the world's limited resources and goods due to congestion in the transportation of goods, among others. material business relationships in Ukraine, Russia or Belarus, nor does the Group have any material business relationships with suppliers or dealers in these countries; therefore, there was no material impact on the half-year financial statements. The PIERER Mobility Group is not directly affected by the natural gas supply crisis, as natural gas is not a significant energy source for the Group and substitutes can easily be found given the amount used. Thanks to close cooperation along the entire supply chain, the PIERER Mobility Group was able to largely limit the aforementioned effects. For example, it was possible to clear short-term supply bottlenecks towards the end of the first half of the year. Although there may be delays in the second half of the year due to global supply chain bottlenecks in the procurement of certain components, the foreseeable situation has now been largely stabilized through targeted inventory build-up in order to cover the requirements of the respective production sites in the longer term. The Group does not have any investments, other assets or other The developments described above were taken into account in the preparation of the interim consolidated financial statements. Among other things, we evaluated whether there are any indications of impairment loss of non-financial assets or significant changes in estimates for financial assets and liabilities. For the interim consolidated financial statements of PIERER Mobility AG, there were no changes in significant estimates and expectations compared to December 31, 2021, due to the measures taken and the general structuring of the group. This is confirmed in particular by the half- year figures and the forecast for the full year 2022, which remains unchanged. SE ASONALIT 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. SCOPE OF CONSOLIDATION All subsidiaries that are either legally or de facto under the control of PIERER Mobility AG are included in the present interim consolidated financial statements as of June 30, 2022. The number of companies included in the scope of consolidation changed in the first half-year 2022 as shown below: Balance as of 12/31/2021 Additions of the scope consolidation Eliminations from the scope of consolidation Balance as of 06/30/2022 thereof foreign companies PIERER Mobility AG – as the parent company of the PIERER Mobility Group – was not included in this list. Fully consolidated companies At-equity companies 67 2 0 69 48 3 0 0 3 2

Report_H1 2022 H1 2021 Mio. Euro MOTORCYCLES BICYCLES OTHER 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 Balance sheet total Equity 992.4 992.4 100.1 74.3 65.5 -1.3 1,804.1 689.5 83.6 83.6 5.2 0.9 2.2 0.0 106.6 37.6 21.6 2.0 -3.3 0.8 0.9 0.0 -19.6 1,078.0 0.0 0.7 0.0 0.0 0.6 1,078.0 102.6 76.0 68.6 -0.7 326.2 259.1 -299.7 -260.7 1,937.3 725.5 1 ) Excluding lease additions according to IFRS 16 in the amount of € 10.2 million (previous year: € 6.8 million). NOTES TO THE CONSOLIDATED INCOME STATEMENT The PIERER Mobility Group generated sales revenues of € 1,154.1 million in the first half of 2022, up 7.1% on the previous year's figure of € 1,078.0 million due to the continued high demand for PTWs. Despite the current challenging market environment (COVID-19, Ukraine- Russia conflict, supply bottlenecks), the Group was able to exceed its record sales of the previous year. Approximately 95% of revenues were earned outside Austria. The breakdown of external revenue by geographical region is based on the location of the customers. The revenue by geographical region is composed of the following: EURk Europe North America and Mexico Other H1 2022 H1 2021 613.6 342.6 197.8 670.6 213.1 194.3 1,154.1 1,078.0 EBIT of € 92.8 million in the first half of 2022 is below the previous year's figure of € 102.6 million, resulting in an EBIT margin of 8.0% (previous year: 9.5 %). At € 162.3 million, EBITDA is 5.2% below the previous year’s level. The result for the period was € 68.2 million (previous year: € 78.3 million). Earnings per share amounted to € 2.00 in the first half of 2022 and are above the previous year's value of € 1.79 due to the complete takeover of the shares in KTM AG. NOTES TO THE CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME In the reporting period, the cash flow hedge reserve increased the equity by € 6.9 million (previous year: € 1.4 million). Furthermore, changes to the foreign currency translation reserve resulting from currency translation of € 6.4 million (previous year: € 2.2 million) were also recorded. Actuarial gains amounting to € 2.2 million were accounted for as a result of the increase in the interest rate applicable for the measurement of the obligations for employee benefits. All values are inclusive of non-controlling interests.

Report_H1 2022 The table below shows the carrying amounts and fair values of financial assets (financial instruments shown on the assets side) by class and IFRS 9 measurement category. However, it does not provide information on financial assets not measured at fair value where the carrying amount is a reasonable approximation of fair value. EURk Financial assets measured at fair value Other current assets – derivatives with positive market value (cash flow hedge) Trade receivables Other financial assets Total Financial assets not measured at fair value Cash and cash equivalents Other financial assets Total Trade receivables Total EURk Financial assets measured at fair value Other current assets – derivatives with positive market value (cash flow hedge) Trade receivables Other financial assets Total Financial assets not measured at fair value Cash and cash equivalents Other financial assets Total Trade receivables Total Carrying amount 06/30/2022 14,396 34,561 1,410 50,367 191,350 235,645 87,623 514,618 564,985 Classification under IFRS 9 Fair value 06/30/2022 FVOCI FVOCI / FVPL FVOCI / FVPL AC AC AC 14,396 34,561 1,410 - - - Carrying amount 12/31/2021 Classification under IFRS 9 Fair value 12/31/2021 3,411 4,615 1,410 9,436 373,509 146,247 51,020 570,776 580,212 FVOCI FVPL FVOCI / FVPL 3,411 4,615 1,410 AC AC AC - - -

Report_H1 2022 The following table shows the carrying amounts and fair values of the financial liabilities (financial instruments shown on the liabilities side), broken down by class or measurement category according to IFRS 9. But it does not provide information on financial liabilities not measured at fair value where the carrying amount is a reasonable approximation of fair value. EURk Financial liabilities measured at fair value negative market value that have already been assigned to receivables Fair value – hedging instruments Other financial liabilities – derivatives with Other financial liabilities – derivatives with Total negative market value (cash flow hedge) Financial liabilities not measured at fair value Interest-bearing liabilities Lease liabilities Trade payables At amortized cost Other financial liabilities (current and non-current) Total Total EURk Carrying amount 06/30/2022 Classification under IFRS 9 Fai value 06/30/2022 3,653 FVPL 3,653 2,720 FVOCI 2,720 6,373 509,665 64,841 582,495 48,853 1,205,854 1,212,227 AC AC AC AC 502,828 - - - Carrying amount 12/31/2021 Classification under IFRS 9 Fair-Value 12/31/2021 Financial liabilities measured at fair value negative market value that have already been assigned to receivables Fair value – hedging instruments Other financial liabilities – derivatives with Other financial liabilities – derivatives with Total negative market value (cash flow hedge) Financial liabilities not measured at fair value At amortized cost Other financial liabilities (current and non-current) Interest-bearing liabilities Lease liabilities Trade payables Total Total 479 FVPL 479 1,509 FVOCI 1,509 1,988 497,944 65,442 395,581 79,175 1,038,142 1,040,130 AC AC AC AC 519,425 - - - Fair value determination: In relation to the valuation technique, please refer to Note 43 (Classification and Fair Value) of the consolidated financial statements of PIERER Mobility as of December 31, 2021.

Report_H1 2022 E XPL ANATIONS REGARDING REL ATED COMPANIES AND INDIVIDUALS All business transactions with related companies and individuals, as stated in the consolidated financial statements as of December 31, 2021, were carried out at arm’s length. As of June 30, 2022, there were no material changes in related parties or in the nature of transactions with them. E VENTS AF TER THE BAL ANCE SHEET DATE JUNE 30, 2022 With effect from July 1, 2022, KTM North America, Inc. with registered office in Ohio, USA, acquired 100% of the shares in PIERER Immoreal North America, Inc. held by PIERER IMMOREAL GmbH, Wels. PIERER Immoreal North America, Inc. is currently building the new headquarters of KTM North America, Inc. in Murrieta, California. No further reportable events occurred after June 30, 2022. DECL AR ATION OF THE E XECUTIVE BOARD PURSUANT TO SECTION 87 PAR A 1 NO. 3 OF THE AUSTRIAN STOCK E XCHANGE ACT (§ 87 ABS 1 Z 3 BÖRSEGESET Z) We confirm that, to the best of our knowledge, the condensed interim consolidated financial statements, which have been prepared in accordance with the applicable accounting standards, give a true and fair view of the assets, liabilities, financial position, and profit or loss of the PIERER Mobility Group. Furthermore, that the interim group management report gives a true and fair view of the assets, liabilities, financial position and earnings position of the group in relation to the important events that occurred during the first six months of the financial year and their impact on the condensed interim consolidated financial statements in relation to the principal risks and uncertainties for the remaining six months of the financial year and in relation to material transactions with related parties requiring disclosure. Wels, August 30, 2022 The Executive Board of PIERER Mobility AG Stefan Pierer Friedrich Roithner Hubert Trunkenpolz Viktor Sigl

Report_H1 2022 IMPRINT Owner and publisher PIERER Mobility AG Edisonstrasse 1 4600 Wels, Austria FN 78112 x / Wels Provincial and Commercial Court CONTACT Melinda Busáné Bellér Investor Relations, Sustainability Telefon: +43 1 533 1 433 - 70 E-Mail: ir@pierermobility.com Website: www.pierermobility.com CI-Conzept: LX media GmbH, 4600 Wels, www.lx-media.at‚ 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, R Raymon-archive, FELT-archive, KISKA-archive, The present 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 report is published in German and English. In case of doubt, the German version shall prevail.