UMT United Mobility Technology AG: UMT AG publishes Annual Report 2022 at individual financial statement level: Equity base remains strong –

strategic realignment towards scalable and digital core business

Munich (pta024/11.10.2023/14:45 UTC+2)

UMT AG publishes Annual Report 2022 at individual financial statement level: Equity base remains strong – strategic realignment towards scalable and digital core business

• Impairment of UMS GmbH significantly lower than announced in July due to external valuation report
• Continued strong equity base of EUR 38.7 million (equity ratio: 94.2 percent) for strategic realignment into digital and scalable core busines
• Examination of exit scenarios for Buchberger

UMT United Mobility Technology AG ("UMT AG", Securities identification number WKN: A2YN70, ISIN: DE000A2YN702) today published its Annual Report 2022.

In view of the ongoing legal dispute regarding the Buchberger investment, it was not possible to prepare voluntary consolidated financial statements as of December 31, 2022. As in previous years, the Company will therefore only be able to publish the separate financial statements of UMT AG in the 2022 annual report.

UMT AG continues to have a strong equity base. As a result, equity amounted to EUR 38.7 million as of December 31, 2022 (previous year: EUR 49.1 million), while the equity ratio was 94.2 percent compared with 97.9 percent in the previous year.

The valuation of the investment in UMS United Mobile Services GmbH ("UMS GmbH") was only slightly adjusted to the overall economic situation in the separate financial statements. The impairment loss on UMS GmbH announced in July by the then Management Board is almost completely reversed. Instead, on the basis of a current external valuation report, the new Management Board is only making a minor write-down of TEUR 913 from TEUR 9,399 to TEUR 8,486 for the investment in UMS GmbH.

For the investment in Buchberger Baugeräte Handel GmbH and Buchberger Baumaschinen Service + Vermietung GmbH, the Management Board sees a need for impairment. Against the backdrop of legal uncertainty due to the ongoing lawsuit, the significantly gloomier economic outlook for the construction industry following the onset of the Ukraine crisis, and as a result of the change in the interest rate landscape, the Management Board considers a write-down of TEUR 8,200 from TEUR 23,500 to TEUR 15,300 to be appropriate. Due to the first-instance ruling in the ongoing Buchberger litigation, the auditor's opinion regarding the valuation of the Buchberger investment was restricted, making consolidation impossible. The announcement of the consolidation of Buchberger as part of the 2022 consolidated financial statements was made before the legal dispute arose and was premature from today's perspective.

UMT AG's total operating performance fell by -90 percent to TEUR 31 in the past financial year (previous year: TEUR 304). The main reason for this is the decrease in revenue from TEUR 299 in the previous year to TEUR 20, which is mainly due to the fact that consulting and development revenue had to be booked out in connection with Buchberger.

As a result, gross profit decreased by -92 percent to TEUR 24 (previous year: TEUR 304) in the year under review. While earnings before interest, taxes, depreciation and amortization (EBITDA) of TEUR
-1,337 (previous year: TEUR -411) deteriorated by 225 percent, mainly due to the TEUR 279 decrease in sales and the TEUR 546 increase in legal and consulting fees, earnings before interest and taxes (EBIT) fell to TEUR -10,450 (previous year: TEUR -411) as a result of the write-downs totaling TEUR 9,113 on the shares in the two Buchberger companies (TEUR 8,200) and in UMS GmbH (TEUR 913).

As a result, earnings before taxes (EBT) also deteriorated to TEUR -10,373 (previous year: TEUR -333). UMT AG's net loss for the year was TEUR -10,379 (previous year: TEUR -352).

As part of the ongoing development of UMT AG's strategic direction, the Management Board has decided that the future of UMT AG will lie in scalable and high-growth key technologies such as artificial intelligence (AI), document management, smart rental, machine-to-machine communication and the Internet of Things (IoT). These areas not only represent progress in the technology world and the digital brand core of UMT AG, but also offer immense opportunities to optimize business processes and tap into new market segments. Supported by the strong equity base, strategic acquisitions will be examined here in order to put UMT AG back on a strong growth path.

"As the Buchberger investment does not correspond to this digital brand core of UMT AG, the Management Board has decided to examine exit scenarios for the investment in the two Buchberger companies and the associated legal dispute. We intend to channel all resources and expertise into the identified strategic segments in a targeted manner in the future. The integration of AI and IoT, for example, can add value in data analysis and automation, while document management helps companies operate more efficiently and agilely in an increasingly digital world," says Erik Nagel, CEO of UMT AG, and adds: "UMT AG is ideally positioned to be at the forefront of this revolution and to support its partner companies with innovative solutions that drive change in the industry. The company will also be tackling strategic acquisitions in the foreseeable future. As a service provider, UMS GmbH is focusing on IIoT (Industrial Internet of Things) and the use of the multichannel payment and communications hub created as part of PAYBACK PAY and Smart Rental.

As reported in January, there is a cooperation between UMT AG, the Rheinisch-Westfälische Technische Hochschule (RWTH) in Aachen, the Federal Ministry of Research and Development and key companies in the mechanical engineering sector to implement subscription models in mechanical engineering. State-of-the-art business models and use cases are being developed. UMT AG as a partner and thus UMS GmbH as the executing unit in the Group have an unassailable competitive edge in this market and the trust of the companies involved as a result of intensive cooperation over the last four years.

Strategically, the Management Board will expand these competencies through growth. UMT AG will thus be ideally positioned in the key growth markets of the future – the digitization and efficiency enhancement of business processes and models.

The annual report is available on the Company's website at https://umt.ag/en/financial-reports.

About UMT AG:

UMT United Mobility Technology AG stands as a "TechnologyHouse" for the development and implementation of customized solutions for the digitalization of business processes. With Mobile Payment, Smart Rental and MEXS, UMT has technological platforms for payment, digital rental and now also for communication. The software-oriented technology portfolio now extends far beyond payment and also includes commerce, IoT and communication, and forms the basis for forward-looking, integrated products. UMT is now much more than a FinTech company and serves the retail and rental sectors as well as industry.

The IT and consulting expertise built up over a decade in the field of e-commerce and payment is the basis for value-creating investments in companies that contribute to the digital transformation of the co-testing environment and thus provides the answers to the most pressing questions of companies. The focus of the investment activities is on medium-sized companies with future-oriented and stable business models. The aim is to participate in the digital transformation with a forward-looking buy-and-build strategy and thus to achieve significant revenue and earnings growth in the UMT Group with sustainable profitability and steady cash flow.

The UMT United Mobility Technology AG share (Securities identification number WKN: A2YN70, ISIN: DE000A2YN702) is traded on the Frankfurt Stock Exchange and is listed on the Basic Board of Deutsche Börse AG.

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Emitter:	UMT United Mobility Technology AG Brienner Straße 7 80333 München Germany
Contact Person:	Investor Relations
Phone:	+49 89 20 500 680
E-Mail:	investor.relations@umt.ag
Website:	www.umt.ag
ISIN(s):	DE000A2YN702 (Share)
Stock Exchange(s):	Free Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate