A REMINDER OF OUR STRATEGIC PILLARS PRINCIPAL RISKS SEE MORE ON PAGES 32-33 SEE MORE ON PAGES 65-68 1 Macroeconomic and political instability   2 Brand/reputational damage our relentless   3 Technological advancement   S our iconic pursuit of 4 Climate change S TR 1. brand 2.innovation 5   TR A Liquidity A   TE 6 Impairment of capitalised development costs TE   G 7 G I Compliance with laws and regulations I C   C R 8 Talent acquisition and retention R   E 9 Programme delivery E   P P O 10 Achieving financial and cost-reduction targets O   R Our promise, our world class R T 11 Cyber security and IT resilience T 3.Racing. Green. 4.talent   12 Supply chain disruption   G G O O VE VE R R NAN NAN Geopolitical and Macroeconomic Environment C C E Continued global political and economic uncertainty in a post- HOW WE’RE RESPONDING E COVID-19 era of inflationary pressures and higher interest rates LINK TO STRATEGY: F F I WHAT THIS MEANS FOR OUR BUSINESS I NAN – Maintaining our production and business operations through 2 3 4 NAN C diligent workplace health and safety practices C IAL – Deleveraging our balance sheet to accelerate net leverage IAL S reduction and support longer-term growth LINK TO RISKS: S T 1 2 5 6 7 8 9 10 11 12 T A – Working in close partnership with suppliers to identify supply A T T E chain improvements and recovery tactics E M M E – Supporting our colleagues with the higher cost of living through E N N T pay rises and industry-leading employee wellbeing initiatives T S S F F U Vehicle Electrification U R R T T H Transition away from the internal combustion engine (ICE) to a H E HOW WE’RE RESPONDING E R R INF range of technologies that use electricity to propel vehicles INF LINK TO STRATEGY: OR WHAT THIS MEANS FOR OUR BUSINESS 1 2 3 4 OR M – Signed our strategic supplier agreement with Lucid Group Inc M A A T (Lucid) for access to industry-leading technologies in a long-term T I I ON relationship whereby Lucid will supply select powertrain components ON for initial and future battery electric vehicles (BEV) models LINK TO RISKS: – Investing in new electrification skills across our business 2 3 4 5 7 8 9 12 – Project ELEVATION, a six-partner collaborative research and development project led by Aston Martin awarded £9 million – Preparing for our first plug-in hybrid elecric vehicle (PHEV), Valhalla, which is on course to enter production in 2024 Sustainability The need for businesses to act responsibly in order to protect the HOW WE’RE RESPONDING planet, their people and local communities WHAT THIS MEANS FOR OUR BUSINESS LINK TO STRATEGY: 2 3 4 – Continuing our Racing. Green. sustainability strategy with ambitious commitments to become a world-leading sustainable luxury automotive business LINK TO RISKS: – Investing in key initiatives and setting ambitious targets to achieve 2 3 4 7 8 12 improved biodiversity and net-zero manufacturing facilities – Enhancing our gender diversity aspiration, targeting women in 25% of leadership positions by 2025 and in 30% of leadership positions by 2030 ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 23