Report | H1 2023 1

3 Contents Group figures Group structure Interim consolidated management report Interim consolidated financial statements Condensed notes to the consolidated financial statements Financial calendar Imprint 4 6 9 23 33 47 47 3 2 0 2 1 H _ t r o p e R

5 NON-FINANCIAL KE Y PERFORMANCE INDICATORS: Employees 11) Unit sales motorcycles 12) Unit sales e-bicycles 13) Unit sales Powered Two-Wheelers (PTWs) Unit sales bicycles (without electric drive) Unit sales total: motorcycles and (e)-bicycles OTHER NON-FINANCIAL FIGURES: Production motorcycles worldwide 14) Production motorcycles in Mattighofen 15) Employees in R&D as % of total employees R&D expenses from revenue Female share H1 2022 H1 2023 Change Headcount Number of units Number of units Number of units Number of units Number of units Number of units Number of units in percent in percent in percent 5,656 163,334 34,829 198,163 16,588 214,751 H1 2022 169,991 91,019 21.0% 8.4% 25.0% 6,314 190,293 40,401 230,694 31,000 261,694 H1 2023 205,796 111,940 21.4% 8.5% 26.1% 11.6% 16.5% 16.0% 16.4% 86.9% 21.9% Change 21.1% 23.0% 1) Working capital employed = inventories + trade receivables - trade payables 2) Net debt = financial liabilities (current, non-current) - cash 3) Gearing = net debt / equity 4) Free cash flow = cash flow from operating activities + cash flow from investing activities 5) Additions to property, plant and equipment and intangible assets according to the schedule of investments, excluding lease additions (IFRS 16) 6) ROCE = EBIT / average capital employed Capital employed = Property, plant and equipment + goodwill + intangible assets + working capital employed 7) ROE = earnings after taxes / average equity 8) ROIC = NOPAT / average capital employed; NOPAT = EBIT - taxes 9) Since November 14th, 2016 listing on SIX Swiss Exchange 10) Equity / number of shares 11) Number of employees on the reporting day (including temporary staff) 12) Including motorcycles sold by partner Bajaj 13) Excluding bicycles without electric drive 14) Includes all produced motorcycles in Austria, India, China and Spain 15) Half-year production units at the headquarter in Austria

7 FELT IA 2.0, Daniela Ryf, wind tunnel 2023 © Luke Talbot

9 Interim consolidated management report for the first half of 2023 for PIERER Mobility AG, Wels Development of the PIERER Mobility Group Economic environment and market development Business development and analysis of earnings ratios Statement of financial position analysis Liquidity analysis Investments Employees Risk report Related party disclosures Events after the reporting date Outlook 10 13 15 17 18 18 19 19 20 20 20 3 2 0 2 1 H _ t r o p e r t n e m e g a n a m d e t a d i l o s n o C

11 addition to the regular Grand Prix race on the Sunday, a SPRINT race over a shorter distance is also staged on the Saturday for the MotoGP™ class. The Red Bull KTM Factory Racing team started the season with Brad Binder and Jack Miller. Following a number of victories and podium finishes, KTM was second in the MotoGP™ manufacturers’ standings (correct as of 07/2023). GASGAS Factory Racing Tech3 competed with Pol Espargaro and the reigning Moto2™ world champion Augusto Fernandez. In the Moto2™ world championship, Red Bull KTM Ajo rider Pedro Acosta ranked second overall. The Spaniard has been one of the best performers in his class for years and has already claimed six podium finishes, including four race victories, in the eight races of the season so far. For the GASGAS Aspar team, Jake Dixon topped the podium for the GASGAS brand in Moto2™. The 2023 season is also the first time Husqvarna Motorcycles has been represented in the Moto2™ class. Darryn Binder and Lukas Tulovic are riding for the LIQUI MOLY Husqvarna Intact GP team. The 2023 Moto3™ season started with a victory for Daniel Holgado (Red Bull KTM Tech3) in the opening race in Portugal. After two more wins in France and Italy, he now tops the Moto3™ world champi- onship. Ayumu Sasaki (LIQUI MOLY Husqvarna Intact GP) is in third place behind him in the overall standings. For GASGAS Aspar, David Alonso made it on to the podium in his rookie season, finishing second in Spain. In the world championship, 18 of the 28 Moto3™ riders currently rely on RC4 technology from the KTM, Husqvarna Motorcycles, GASGAS and CFMOTO brands. Just like in the last two years, Billy Bolt from Husqvarna Factory Racing performed sensationally over the season and won the title in the 2023 FIM SuperEnduro World Championship for the third time in a row. Six of the top ten places in the overall standings were dominated by KTM and GASGAS, with Taddy Blazusiak from GASGAS Factory Racing in third place. In addition, GASGAS won the FIM SuperEnduro manufacturers’ world championship title in 2023. In the 2023 FIM Hard Enduro World Championship, Manuel Letten- bichler of Red Bull KTM Factory Racing secured two victories, including winning the legendary Red Bull Erzbergrodeo in Styria. Jaime Busto has already had some success in TrialGP and is fighting to win the world championship title for GASGAS. KTM again claimed victory in the 45th Dakar Rally in 2023: Kevin Benavides won the rally – a rally very much steeped in tradition – ahead of his KTM team-mate Toby Price for the second time in his career. The KTM Group thus continued its winning streak with a total of 20 overall titles over 22 years. Skyler Howes (Husqvarna Factory Racing) finished third on the podium. Josep Garcia from Red Bull KTM Factory Racing is currently in fourth place in the 2023 FIM EnduroGP World Championship, while Andrea Verona from GASGAS Factory Racing is third in the EnduroGP overall standings. Jorge Prado from Red Bull GASGAS Factory Racing is currently in first place in the 2023 FIM MXGP. Jeffrey Herling of Red Bull KTM Factory Racing is placed seventh and has had to miss a few races due to injury. CYCLING In 2023, the GASGAS Bicycles brand entered the E-Enduro Pro World Cup of the UCI Mountain Bike World Series for the first time. Johannes Fischbach and Alex Marin competed for GASGAS SRAM Racing, and Simon Carlsson and Alexandre Fayolle competed for GASGAS MOTOREX Racing. Alex Marin achieved second place in the overall standings and secured his first podium finish in the World Cup for GASGAS SRAM Racing. He is ranked third in the current ranking. The FELT brand wants to build on winning the 2022 Women’s Ironman World Championship and achieve further racing successes, particularly in the triathlon discipline and especially in the Ironman World Championship in fall 2023. In June 2023, Daniela Ryf set a new world record over the women's Ironman distance (Challenge Roth in a record time of 8:08:21 hours). NE W MODELS Following its success in 2021, the KTM 1290 SUPER DUKE RR returned as a limited-edition special model in the first quarter of 2023. In 2022, the partnership between KTM and BRABUS was sealed with the presentation of the BRABUS 1300 R to enable BRABUS to compete in the world of motorcycle racing. This cooperation continued with the introduction of the BRABUS 1300 R Edition 2023. The KTM Enduro range for the 2024 model year bears testament to many years at the pinnacle of Enduro motorsport and is a dynamic blend of racing performance, ergonomics and the leading technology in the industry. The KTM Motorcross series for 2024 features a brand-new look for riders of all ages and skill levels, and also includes revised suspension settings for a better cornering experience and greater comfort. KTM celebrated the rebirth of an icon with the 890 SMT 2023. The

13 ECONOMIC ENVIRONMENT AND MARKE T DE VELOPMENT In the last financial year 2022, the pace of growth in the global economy slowed down significantly as a result of the Russian- Ukrainian war, leading to a significant downturn in the economic outlook. In the first half of the 2023 financial year, the initially gloomy economic situation and the outlook improved somewhat. Economic and consumer sentiment is beginning to improve, commodity prices in general and for specific goods are falling, and in particular the full reopening of China following its zero-COVID-19 policy is leading to a strong economic recovery. At the same time, disruptions to supply chains seen over the last financial year are largely abating. While both overall inflation and core inflation, which excludes the volatile energy and food components, are declining, both are likely to remain high at least in the short and medium term, with core inflation likely to decline more gradually than overall inflation. Given that economic risks have generally become slightly more balanced but are still displaying a downward trend, the main concerns are the level of uncertainty, particularly regarding the course of the war in Ukraine, its wider consequences and the recent turbulence seen in the financial sector from March 2023 onwards, and this shows the vulnerability of the global economy. Against this background, the global economy remains in a precarious position due to the lingering effects of the overlapping negative shocks from the past and their consequences, as well as current political measures. Ultimately, the situation described above means that the forecasts of the leading organizations in this field, such as the International Monetary Fund (IMF), the Organisation for Economic Cooperation and Development (OECD) and the World Bank, for global growth are even more uncertain than usual and are constantly being updated. The IMF's latest estimates suggest that the projections of global economic growth, of 3.0 % in 2023 and 3.0 % in 2024, have been raised slightly compared to the previous estimates made in April 2023. On the one hand, this reflects the inherent dynamics and volatility of economic development; on the other hand, this slight increase in growth forecasts indicates a stabilization of global economic risks and inflation rates, a monetary and fiscal policy that is working, and confirms good economic prospects amid all the problems outlined above. The estimates published are based on numerous assumptions about a wide range of macroeconomic factors, in particular the trend in the prices of fossil fuels and other resources and the general level of interest rates. The IMF forecasts a global overall inflation rate of 6.8 % in 2023 and 5.2 % in 2024, which means that the IMF estimates of future inflation rates are about 0.9 percentage points above the recent expectations of the OECD and the World Bank. The IMF notes that the risks for the global economic outlook remain higher than usual, though these risks have declined since the last economic outlook in April 2023. The future development of the global economy will depend in particular on the successful calibration of monetary policy, taking into account the cumulative effects of previous interest rate hikes, which could otherwise have serious detrimental effects for the financial sector. Moreover, the course of the war in Ukraine and, not least, the economic recovery in and demand from China are key factors that will impact the future development of the global economy. This assessment is largely shared by the OECD and the World Bank. In summary, the projections of the major organizations suggest low to moderate global economic growth amid the challenges that were highlighted in the introduction. With the IMF’s projection for global growth being broadly unchanged, no major global economic downturn is expected, even though all projections for global economic development are still subject to significant uncertainty. The first half of 2023 indicates a very positive outlook for the global motorcycle market and business in 2023 as a whole. In Europe, the motorcycle market recorded a significant increase in volume of 11.1 % compared to the first half of 2022, reaching a volume of around 470,000 newly registered motorcycles. The markets of Germany (+15 %), Italy (+14 %), Spain (+15 %) and KTM's home country of Austria (+14 %) can be regarded as the main drivers of this trend. In addition, the PIERER Mobility Group, with its KTM, Husqvarna and GASGAS motorcycle brands, was able to exceed this trend with a 20 % increase in registrations and achieved a market share of 10.2 % (half-year 2022: 9.9 %). In North America, one of the most important sales markets for the PIERER Mobility Group, the overall high market volume from the first half of 2022 was maintained with around 290,000 newly registered motorcycles in the first half of 2023. At the same time, the KTM Group was able to expand its market position with a share of 12.3 % in the USA and 16.9 % in the Canadian market (both markets together: 12.9 %; half-year 2022 combined: 10.6 %). For the advanced economies, the IMF expects growth of 1.5 % in 2023 and 1.4 % in 2024. For the euro zone, growth of 0.9 % is forecast for 2023. For 2024, the IMF expects growth of 1.5 % for the euro zone, with negative and below-average growth of -0.3 % in 2023 and positive growth of 1.3 % in 2024, for Germany in particular. The Australian and New Zealand motorcycle markets recorded a slight decline in the overall market of 4 % for the first half of 2023 compared to the same period last year. Nevertheless, the market shares of the KTM, Husqvarna and GASGAS brands displayed a positive trend and are now at 19.7 % (half-year 2022: 19.0 %). The IMF forecasts economic growth of 4.0 % in 2023 and 4.1 % in 2024 for emerging and developing countries. China is forecast to grow by 5.2 % in 2023 and 4.5 % in 2024. India's economic output is forecast to increase by 6.6 % in 2023 and by 5.8 % in 2024. Both the overall market (+9 %) and the Indian motorcycle market which is relevant to KTM (S2/S3 segment, +32 %) are clearly on the rise compared to the first half of 2022. In the first half of 2023, the S2/S3 market accounted for almost 600,000 units. In this context,

15 BUSINESS DE VELOPMENT AND ANALYSIS OF E ARNINGS R ATIOS In the first half of 2023, the PIERER Mobility Group generated record revenue of € 1,387.6 million, up from € 1,154.1 million in the previous year, representing an increase in revenue of around 20.2 %. Approxi- mately 94 % of revenue was earned outside Austria. From a regional point of view, some 59 % of the revenue was attributable to Europe (+6 percentage points compared to the previous year), 28 % to North America including Mexico (-2 percentage points compared to the previous year) and 13 % to the rest of the world (-4 percentage points compared to the previous year). Despite ongoing challenges in the supply chains, the operating result (EBIT) for the first half of 2023 was € 96.9 million and this was higher than the previous year's figure of € 92.8 million. The earnings before interest, taxes, depreciation, and amortization (EBITDA) of € 178.9 million also exceeded the previous year's figure of € 162.3 million. The EBIT margin for the first half of 2023 was 7.0 %, and the EBITDA margin was 12.9 %. The net result after tax in the first half of the year was € 53.0 million (previous year: € 68.2 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: Unit sales total (Number of units) the first half of 2023, a total of 190,293 motorcycles (previous year: 163,334) were sold (taking into account the motorcycles sold in India and Indonesia by partner Bajaj). In spite of the macroeconomic climate, which presents challenges for the motorcycle market, the market development in the first half of 2023 provides hope that the rest of the 2023 financial year will be positive. The KTM Group was able to either maintain or expand its market shares in the global markets. Unit sales H1 2023 Motorcycles (Number of units)* 190,293 H1 2023 * includes 3,135 units electric balance bikes Unit sales H1 2022 Motorcycles (Number of units)* 163,334 146,526 32,540 9,594 1,099 534 114,159 34,737 14,438 H1 2023 H1 2022 230,694 261,694 198,163 214,751 H1 2022 PTWs Bicycles The two segments “Motorcycles” and “Bicycles” represent the main operating areas of the PIERER Mobility Group, the development of which is discussed below. * includes 8,112 units electric balance bikes KTM CFMOTO Husqvarna Mororcyles MV Agusta GASGAS Around 40 % of motorcycles were sold in Europe (+2 percentage points on the previous year), 27 % in North America including Mexico (the same as the previous year) and 17 % in India and Indonesia via partner Bajaj (+6 percentage points on the previous year). Another 16 % were sold in the rest of the world (-8 percentage points on the previous year). MOTORCYCLES In the first half of 2023, the Motorcycle Division achieved a revenue of € 1,276.8 million (previous year: € 1,072.8 million). Driven by the sustained high global demand for powered two-wheelers, an increase of 19.0 % was recorded compared to the same period last year. The EBITDA of € 196.2 million (previous year: € 167.1 million) and EBIT of € 117.3 million (previous year: € 100.6 million) were slightly above the previous year’s figures in the first half of the year. This equates to an EBITDA margin of 15.4 % (previous year: 15.6 %) and an EBIT margin of 9.2 % (previous year: 9.4 %). Despite ongoing challenges in the supply chain, unit sales generated from motorcycles in the first half of 2023 rose by +16.5 % compared to the same period last year. With 146,526 KTM motorcycles sold, 32,540 Husqvarna motorcycles, 9,594 GASGAS motorcycles sold, 1,099 CFMOTO motorcycles and 534 MV Agusta motorcycles sold in

17 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 12/31/2022 06/30/2023 EUR million in % EUR million in % 1,195.8 1,354.8 2,550.6 914.4 625.6 1,010.6 2,550.6 46.9% 53.1% 100.0% 35.8% 24.5% 39.6% 100.0% 1,266.0 1,409.4 2,675.5 889.9 803.8 981.7 47.3% 52.7% 100.0% 33.3% 30.0% 36.7% 2,675.5 100.0% value as of December 31, 2022 of 35.8 % due to the balance sheet increase described above. The statement of financial position total of the PIERER Mobility Group increased by 4.9 % from € 2,550.6 million to € 2,675.5 million compared to the consolidated financial statements as of December 31, 2022. Similar to previous years, the increase in non-current assets from € 1,195.8 million to € 1,266.0 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 2023. In addition, property, plant and equipment also increased, mainly as a result of investments in the PIERER MAXCOM Mobility OOD production site in Bulgaria. Within current assets, inventories in particular increased by € 112.2 million. The other changes involved firstly the reduction in trade receivables as well as cash totaling € 76.5 million and secondly the increase in other assets of € 19.0 million. Overall, this resulted in an increase in current assets of 4.0 % to € 1,409.4 million. Current liabilities fell slightly by 2.9 % to € 981.7 million. Non-current liabilities increased by € 178.2 million (+28.5 %) compared to December 31, 2022. The increase is largely attributable to the financial liabilities. Equity decreased by € 24.5 million from € 914.4 million to € 889.9 million in the first six months of the year. On the one hand, equity was boosted by a net result after tax of € 53.0 million. On the other hand, dividend payments of € 68.0 million led to a reduction in equity. The other effects of € -9.4 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 33.3 %, the equity ratio is below the

19 EMPLOYEES As of June 30, 2023, the PIERER Mobility Group employed 6,314 people, 5,146 of them in Austria (81.5 %). Around 1,400 of the Group’s employees work in research and development. Since the start of the year, the number of employees has increased by 226 and, compared to June 30, 2022, the PIERER Mobility Group has actually increased its headcount by 658 and continues to seek new employees in various areas, especially in metalworking professions. As part of an apprentice drive, around 80 more apprentices will begin their training this year. In total, the Group is currently training around 200 apprentices. RISK REPORT For information on the risk report, please refer to the consolidated financial statements as of December 31, 2022. The following statements update the risks that are already described therein and result in particular from the repercussions of supply chain bottlenecks and rising rates of inflation. PRO CUREMENT RISKS AND OTHER RISKS The current economic situation gives rise to an ongoing procurement risk and sales risk for the global economy, and this also affects the PIERER Mobility Group. The main issues are the rising costs of raw materials and supplies, which are being driven by the global shortage of goods and resources as a result of the COVID-19 pandemic, and the increased production overheads, in particular and in general when it comes to energy prices, transport and personnel costs. This is having a particular impact on companies that are engaged in the energy-intensive production of raw materials such as aluminum and steel. In many respects, the first half of the 2023 financial year saw an easing of the procurement situation that was still under great strain in the previous year. The Group's procurement risk has therefore reduced further alongside the measures that were taken in previous years, in particular because of the improvement in the overall availa- bility of required semiconductors and related components, as well as the prices of raw materials and energy starting to come down. This means that the Group’s level of exposure to price rises in procurement caused by energy prices is more predictable. The measures that were taken in previous years are now having an impact because regular and index-based price adjustments that reflect the price reductions in the procurement market were agreed. Looking at the Group, the company's own production and assembly processes are not very energy-intensive, which means the Group is able to absorb even rising energy costs. The situation described above for the 2023 financial year was in line with the basic forecasts made at the end of 2022. This was anticipated because prices and product availability have eased as expected. The situation is expected to continue to improve in the second half of 2023. The area of "New Mobility" is also expected to see a marked and sustained recovery in delivery times, which have been sluggish on occasions, in the second half of the 2023 financial year. For example, the current delivery times are expected to come down from almost 24 months at present to a normal level of around 8-12 months. However, the significant backlog in processing orders for certain components from third parties, such as frames and brake systems, will also lead to procurement delays in the second half of the 2023 financial year. The PIERER Mobility Group has largely stabilized and made allowance for the supply chain bottlenecks in the case of the afore- mentioned electronic components and other specific components – which previously resulted in delays in procurement – by regularly coordinating with the suppliers and approving all procurement and production measures at an early stage. This will allow the Group to cover the demand for resources at the individual production sites over the longer term. The strong cooperation that has been established is stabilizing the Group's supply chain and also providing additional opportunities. The Group's procurement strategy is regularly updated and adapted to reflect the current challenges it faces. The crises of the last few years in particular have shown that, in addition to the effective measures that have already been taken, such as cost engineering and the market intelligence system implemented for electronic components, developing different sources of supply (multiple sourcing) can also offer significant business opportunities. Focusing on those procurement markets that have proven to be the most reliable really helps to reduce the procurement risks. Ultimately, the defined procurement strategy also reflects the Group's aspiration to adapt its logistical procurement structure in order to shorten transport routes and minimize the associated costs. Just like the economy as a whole, the PIERER Mobility Group is also affected by the impact of the current trend in interest rates. The interest rate risk in the Group is regularly assessed by calculating interest rate sensitivities and interest rate scenarios based on the current interest rate forecasts. The Group maintains close contact

21 FELT brands, PIERER New Mobility is confident and very keen to expand its market share even more. The goal of the brand strategy being followed and the focus on new product developments is to further boost revenue. Similar to the situation with motorcycles, the Group expects the market to grow in the medium to long term, but here too demand is expected to become weaker in the short term as a result of current developments. The bicycle market is experiencing great changes and challenges. The consolidation that has already begun will have a profound impact on the whole of the bicycle industry. As part of this trend, the Executive Board expects revenue in the New Mobility segment to increase to around EUR 500 million in the 2027 financial year. Australian and South African markets in the second half of 2023. Independent and differentiated sales channels are the mainstays of the Group's successful New Mobility strategy. The cooperation with MAXCOM Ltd. was stepped up further in the 2023 financial year with PIERER New Mobility Bulgaria OOD taking over the supply chain, warehousing and logistics tasks from the second half of 2023. The current liquidity reserves combined with a balanced mix of different financial instruments will enable the Group to continue to operate flexibly and decisively in a volatile market environment throughout the rest of 2023. In this regard, the available liquidity reserves were increased significantly for the short and long term. The PIERER New Mobility product range has been further expanded and improved by integrating Johansson e-cargo New Mobility products. By making this expansion to its product range, PIERER New Mobility is continuing to pursue its philosophy of offering sustainable mobility solutions for the future. The next steps in the international expansion of PIERER New Mobility GmbH are to get into the The PIERER Mobility Group is also affected by the consequences of the current trend in interest rates. The interest rate risk is evaluated regularly, and close contact is maintained with our core banks. Measures were also taken to manage the interest rate risk. The Group expects to see interest rates fall from their currently high level in the medium term. Wels, August 29, 2023 The Executive Board of PIERER Mobility AG Stefan Pierer (CEO) Viktor Sigl, MBA (CFO) Florian Burguet Florian Kecht Alex Pierer Hubert Trunkenpolz Rudolf Wiesbeck

23 Interim consolidated financial statements Consolidated statement of financial position Consolidated income statement Consolidated statement of comprehensive income Consolidated statement of cash flows Consolidated statement of changes in equity 24 26 27 28 30 Consolidated financial statement Download 3 2 0 2 1 H _ s t n e m e t a t s l a i c n a n fi d e t a d i l o s n o C

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 25 06/30/2023 12/31/2022 33,797 9,949 839,454 883,200 6,746 889,946 625,555 27,325 133,126 17,813 803,819 62,647 730,769 34,062 9,151 145,090 981,720 2,675,485 33,797 9,949 863,989 907,735 6,661 914,396 458,620 26,154 124,428 16,407 625,609 76,635 737,602 44,037 5,203 147,152 1,010,630 2,550,635

27 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME for the half financial year from 1/1/2023 through 06/30/2023 EURk H1 2023 H1 2022 Profit or loss for the period 53,038 68,183 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 -4,220 -6,080 1,459 -8,841 -476 114 -362 -9,203 43,835 45,807 -1,972 6,370 9,203 -2,301 13,272 2,915 -729 2,186 15,458 83,641 83,034 607

29 EURk Investing activity H1 2023 H1 2022 Payments for the acquisition of intangible assets and property, plant and equipment -151,090 -108,686 46 932 1,712 -148,400 85 0 -13,350 -121,951 - + + Receipts from the sale of intangible assets and property, plant and equipment Receipts from the disposal of investments accounted for using the equity method and other financial assets + (-) Payments from other assets Cash flow from investing activity Free cash flow -96,002 -146,189 Financing activity - Dividend payments to third parties + (-) 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 from other financing activities Cash flow from financing activity Total cash flow + Opening balance of liquid funds within the Group + Effect of foreign currency fluctuations Closing balance of liquid funds within the Group -67,843 -206 162,457 -12,784 -25,210 9,134 2,556 68,104 -27,898 278,738 -5,497 245,343 -34,297 -5,055 0 -11,185 -9,970 22,015 0 -38,492 -184,681 373,509 2,521 191,350

Equity of the owners of the parent company Share capital Capital reserves Reserves including total earnings Reserve in accordance with IFRS 9 Adjustment items currency translation Reserves for own shares Total Shares of non- controlling shareholders 33,797 9,949 845,432 16,255 0 0 0 0 0 0 0 0 0 0 0 0 0 0 55,010 -362 54,648 -67,593 -206 -2,185 -49 33,797 9,949 830,047 0 -4,621 -4,621 0 0 0 -309 11,325 2,302 0 -4,220 -4,220 0 0 0 0 -1,918 0 0 0 0 0 0 0 0 0 907,735 55,010 -9,203 45,807 -67,593 -206 -2,185 -358 6,661 -1,972 0 -1,972 -500 0 2,556 1 31 Total consoli- dated equity 914,396 53,038 -9,203 43,835 -68,093 -206 371 -357 883,200 6,746 889,946 Equity of the owners of the parent company Share capital Capital reserves Reserves including total earnings Reserve in accordance with IFRS 9 Adjustment items currency translation Reserves for own shares Total Shares of non- controlling shareholders Total consoli- dated equity 33,797 9,949 714,154 0 0 0 0 0 0 0 0 0 0 0 0 67,576 2,186 69,762 -33,797 -3,298 -164 1,369 0 6,902 6,902 0 0 0 873 0 6,370 6,370 0 0 0 33,797 9,949 746,657 8,271 7,243 0 0 0 0 0 0 0 0 760,142 67,576 15,458 83,034 -33,797 -3,298 -164 5,409 765,551 607 0 607 -500 -1,757 0 68,183 15,458 83,641 -34,297 -5,055 -164 805,917 3,759 809,676

33 Condensed notes to the consolidated financial statements FOR THE FIRST HALF OF 2023 34 34 35 35 36 36 36 37 38 Company information Principles of financial reporting Newly applied standards and interpretations Estimate uncertainties and judgments Impact of the Russian-Ukrainian war Seasonality Scope of consolidation Segment reporting Notes to the consolidated income statement Notes to the consolidated statement of comprehensive income Notes to the consolidated statement of financial position and consolidated statement of changes in equity 39 40 Notes to the statement of cash flows Disclosures relating to financial instruments 40 Explanations regarding related companies and individuals Events after the reporting date June 30, 2023 Declaration of the Executive Board pursuant to section 87 para. 1 no. 3 of the Austrian Stock Exchange Act (§ 87 ABS 1 z 3 Börsegesetz) 39 46 46 46 3 2 0 2 1 H _ s t n e m e t a t s l a i c n a n fi d e t a d i l o s n o c e h t o t s e t o N

35 NE WLY APPLIED STANDARDS AND INTERPRE TATIONS The table below shows the standards and interpretations mandatorily applied for the first time that had also already been endorsed by the European Commission: First-time application January 1, 2023 January 1, 2024 New or amended standards and interpretations Published by the IASB Amendments to IAS 1 and IFRS Practice Statement 2 – Disclosure of Accounting Policies Amendments to IAS 8 Accounting Policies, Changes in Estimates and Errors – Definition of Accounting Estimates Amendments to IAS 12 Income Taxes – Deferred Taxes related to Assets and Liabilities arising from a Single Transaction IFRS 17 Insurance Contracts Amendments to IFRS 17 – Initial Application of IFRS 17 and IFRS 9 – Comparative Information Amendments to IAS 12 Income Taxes: International Tax Reform – Pillar Two Model Rules Amendments to IFRS 16 Leases – Lease Liability in a Sale and Leaseback Transaction Amendments to IAS 1 Presentation of Financial Statements – Classification of Liabilities as Current or Non-current (Including Deferral of the Effective Date and Non-current Liabilities with Covenants) February 12, 2021 February 12, 2021 May 7, 2021 May 18, 2017 December 9, 2021 May 23, 2023 September 22, 2022 October 31, 2022 Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instru- ments: Disclosures: Finance Arrangements with Suppliers May 25, 2023 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 future. ESTIMATE UNCERTAINTIES AND JUDGMENTS To a certain extent, estimates and judgments 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 generally based on the experience of the Executive Board and are based on the circum- stances at the reporting date. The amounts actually arising may differ from the estimates if assumed parameters develop contrary to expec- tations. If new conditions become known, they are duly taken into account and previous assumptions are revised. Estimates and judgments are explained in the consolidated financial statements of PIERER Mobility AG as of December 31, 2022 under Note 5. “Estimates and judgments”.

37 SEGMENT REPORTING The business activities of PIERER Mobility AG are managed on the basis of the two “Motorcycles” and “Bicycles” divisions. The individual company divisions 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 overall Executive Board of PIERER Mobility AG. The segment reporting is done in line with the internal reports with the Motorcycles, Bicycles and Others segments. MOTORCYCLES: The “Motorcycles” segment comprises the development, production and distribution of motorcycles under the KTM, Husqvarna Motorcycles and GASGAS brands as well as components of the WP brand. As of June 30, 2023, the Motorcycles segment included 58 subsidiaries, located in Austria, the United States, Japan, South Africa, Mexico, India, Australia and New Zealand and in various other European and Asian countries, which are included within the consoli- dated financial statements. In addition, the”Motorcycles” segment holds interests in assembly companies in the Philippines and China and, since the 2022 financial year, in MV Agusta Motor S.p.A in Italy. BICYCLES: PIERER New Mobility GmbH together with its subsidiaries forms the “Bicycles” segment of the PIERER Mobility Group. With the Husqvarna E-Bicycles, GASGAS Bicycles, FELT Bicycles and R Raymon brands, the focus is on developing, manufacturing and trading e-bicycles and bicycles. In total, the segment comprises 14 fully consolidated companies. OTHERS: The “Others” segment encompasses PIERER Mobility AG, PIERER E-Commerce GmbH, PIERER E-Commerce North America Inc., PIERER Innovation GmbH, Avocodo GmbH, DealerCenter Digital GmbH and Platin 1483. GmbH. Segment information for the first half of 2023 and 2022 is as follows: H1 2023 EUR million Motorcycles Bicycles Others Consolida- tion Total Revenues (including revenues within the segments) External revenues Result from operating activities Investments 1) Depreciation and amortization 1,276.8 1,276.8 117.3 119.1 78.9 107.5 107.5 -16.4 13.8 2.2 Share in the result of companies accounted for using the equity method 3.6 0.0 31.3 3.4 -4.3 0.3 1.7 0.0 -27.9 0.0 0.2 0.0 -0.8 0.2 1,387.6 1,387.6 96.9 133.1 82.0 3.8 Balance sheet total Equity 2,487.8 878.3 249.9 26.0 210.1 246.9 -272.3 -261.2 2,675.5 889.9

39 NOTES TO THE CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME In the reporting period, the cash flow hedge reserve reduced the equity by € 4.6 million (previous year: increased by € 6.9 million). Furthermore, changes to the foreign currency translation reserve resulting from currency translation of € -4.2 million (previous year: € 6.4 million) were also recorded. Actuarial losses of € -0.4 million were recognized as a result of the reduction in the interest rate applicable for the measurement of the obligations for employee benefits (previous year: gains of € 2.2 million). All values are inclusive of non-controlling interests. NOTES TO THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED STATEMENT OF CHANGES IN EQUIT Y Non-current assets increased in the first half of the year by 5.9 %. 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 amortization. In addition, property, plant and equipment also increased, mainly as a result of investments in the PIERER MAXCOM Mobility OOD production site in Bulgaria as well as ongoing investments in tools. Overall, current assets were 4.0 % higher than on December 31, 2022. On the one hand inventories rose by 17.2 %, and on the other trade receivables decreased by 15.9 %. On the liabilities side, current liabilities decreased by 2.9 % in the first half of the year, mainly due to the repayment of bank liabilities and the decrease in provisions. The 28.5 % increase in non-current liabilities was specifically due to taking out non-current financial liabilities. This mainly involved taking out investment loans of € +68.8 million. In addition, the research loans increased by € +92.9 million, mainly as a result of a loan that was taken out with the European Investment Bank. In the first six months of the year, consolidated equity decreased by € 24.5 million to € 889.9 million. On the one hand, equity was strengthened by net income for the period of € 53.0 million, and on the other hand dividend payments of € 68.1 million led to a reduction in equity. The other effects 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. As of the reporting date, the equity ratio was 33.3 % (December 31, 2022: 35.8 %). For the “PIERER New Mobility” cash-generating unit (CGU), an indication of an impairment loss was identified due to deviations from the planned budget in the first half of 2023. The recoverable amount was determined on the basis of the value in use. The methodology is the same as that used on December 31, 2022. The forecast for cash flows is based on the forecasts most recently approved by management, taking account of the medium-term strategy objectives. The discount rate used was a weighted average cost of capital (WACC) before taxes of 10.9 % (December 31, 2022: 11.3 %). All other conditions being equal, for the “PIERER New Mobility” cash-generating unit any increase in input tax for WACC to 20.8 % (December 31, 2022: 34.3 %) or decline in budgeted future EBITs by 57.2 % (December 31, 2022: 68.4 %) would result in the carrying amount of the CGU corresponding to the recoverable amount. On the reporting date of June 30, 2023, property, plant and equipment amounting to € 103.5 million (December 31, 2022: € 42.0 million) was secured by registered and deposited pledge agreements, primarily for liabilities owed to credit institutions.

41 KTM 890 SMT MY23 © Rudi Schedl

43 Fair value Carrying amount 06/30/2023 Level 1 Level 2 Level 3 Total AC Amortised Cost FVOCI Fair Value through OCI FVOCI Fair Value through OCI (excluding recycling) FVPL Fair Value through P&L Fair Value - Hedging Instruments - 15,013 - 15,013 - - - - 15,013 - - - 13,990 - 13,990 - - 17,447 17,447 216 216 - - - - - - 13,990 - - 17,447 - - 216 - - - - - - - - - - - - - - 245,343 - - - - 209,879 - - - - 41,467 - - - - Fair value Carrying amount 12/31/2022 Level 1 Level 2 Level 3 Total AC Amortised Cost FVOCI Fair Value through OCI FVOCI Fair Value through OCI (excluding recycling) FVPL Fair Value through P&L Fair Value - Hedging Instruments - 17,281 - 17,281 - - - - 17,281 - - - 18,519 - - - 18,519 6,765 216 6,765 216 - - - - - - 18,519 - - 6,765 - - 216 - - - - - - - - - - - - - - 278,738 - - - - 263,657 - - - - 34,349 - - - -

45 Fair value Carrying amount 06/30/2023 Level 1 Level 2 Level 3 Total AC Amortised Cost FVOCI Fair Value through OCI FVOCI Fair Value through OCI (excluding recycling) FVPL Fair Value through P&L Fair Value - Hedging Instruments - 295 - 295 - 2,533 - 2,533 - - - - - - - - 598,904 598,904 614,956 - - - - 730,769 71,003 - - - - - - - - - - - 295 - 2,533 - - - - - - Fair value Carrying amount 12/31/2022 Level 1 Level 2 Level 3 Total AC Amortised Cost FVOCI Fair Value through OCI FVOCI Fair Value through OCI (excluding recycling) FVPL Fair Value through P&L Fair Value - Hedging Instruments - - - - - 394 254 - - 394 254 - - - - - 449,181 449,181 - - - - 467,365 737,602 87,294 - - - - - - - - - - - - - - - 394 254 - - -

47 Financial calendar January 30, 2024 March 27, 2024 April 9, 2024 April 19, 2024 April 24, 2024 April 25, 2024 April 29, 2024 August 27, 2024 Announcement of preliminary annual results 2023 Publication of annual financial statements 2023 Record date annual general meeting 27th annual general meeting Ex-dividend date Record date „dividends“ Dividend payment date Report on the 1st half-year 2024 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, GASGAS archive, FELT archive, CFMOTO 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.