Financial information at June 30, 2023

Sales up 5.9% to €14.1 billion, lifted by dynamic pricing and fast-growing non-tire sales:

• Tire markets flat in PC and declining in Truck, supported by OE but dampened by sustained destocking by distribution and B2B fleets.

• Tire sales volumes down 3.7%, reflecting market trends and the Group’s priority on value-accretive segments

• Price-mix effect reached 9.4%, attesting to the value of our offering and the net positive mix despite adverse OE/RT sales development.

• Non-tire sales grew by 17% at constant exchange rates, sustainably fueling the Group’s growth

• Currency effect turned negative at -1.0%, due to the depreciation of most currencies against the euro.

Segment operating income up 11.4% to €1.7 billion, as value management offset cost inflation and the decline in sales volumes:

• Auto and Specialties delivered higher performance.

• Road transportation encountered a negative OE/RT mix and low volumes, which heavily impacted capacity utilization and fixed costs absorption.

• Strong price-mix effect, led by sustained product mix enhancement, pricing policies and the lagging impact of indexation clauses.

• Specialties operating margin rose to 18.3%, supported by dynamic Mining, Aircraft and High-tech materials businesses.

Free cash flow before acquisitions of €922 million, driven by tight business steering:

• EBITDA reaching €2.6 billion or 18.8% of sales.

• Working capital benefitted from tight inventory management and cash recovery from Q4 2022.

• Positive cash generation from TBC amounting to €256 million, partly due to the proceeds from the sale of its company-owned retail network.