Sonic Automotive Investor Presentation — February 2021

Document content

Investor Presentation

Updated February 17, 20212Forward-Looking Statements

This presentation contains “forward -looking statements” within themeaning ofthePrivate Securities Litigation Reform Actof1995. These

statements relate tofuture events, arenothistorical facts andarebased onourcurrent expectations andassumptions regarding our

business, theeconomy andother future conditions .These statements cangenerally beidentified bylead- inwords such as“may,” “will,”

“should,” “could,” “believe,” “expect,” “estimate,” “anticipate,” “intend,” “plan,” “foresee” andother similar words orphrases .Statements

that describe ourCompany’s objectives, plans orgoals arealso forward- looking statements .Examples ofsuch forward- looking

information wemay bediscussing inthispresentation include, without limitation, theeffects ofCOVID -19onoperations, anticipated future

new vehicle unitsales volume, anticipated future used vehicle unitsales volume, anticipated future parts, service andcollision repair

(“Fixed Operations”) gross profit, anticipated expense reductions, long- term annual revenue targets, anticipated future growth and

profitability inourEchoPark Segment, anticipated openings ofnew EchoPark stores, anticipated future performance andgrowth ofour

Franchised Dealerships Segment, anticipated liquidity positions, anticipated industry new vehicle sales volume, theimplementation of

growth andoperating strategies, including acquisitions ofdealerships andproperties, thereturn ofcapital tostockholders, anticipated

future success andimpacts from theimplementation ofourstrategic initiatives, andearnings pershare expectations .

You arecautioned thatthese forward- looking statements arenotguarantees offuture performance, involve risks anduncertainties and

actual results may differ materially from those projected intheforward- looking statements asaresult ofvarious factors .These risks and

uncertainties include, without limitation, economic conditions inthemarkets inwhich weoperate, new andused vehicle industry sales

volume, thesuccess ofouroperational strategies, therateandtiming ofoverall economic expansion orcontraction, andtheriskfactors

described intheCompany’s Annual Report onForm 10-Kfortheyear ended December 31,2019, theCompany’s Quarterly Report on

Form 10-Qforthequarter ended September 30,2020, theCompany’s Current Report onForm 8-KFiled onFebruary 12,2021 andother

reports andinformation filed withtheSecurities andExchange Commission (the“SEC”) .

These forward- looking statements, risks, uncertainties andadditional factors speak only asofthedate ofthispresentation. Weundertake