SC Germany Auto Monthly Investor Report

Transcription

1 SC Germany Auto Monthly Investor Report

2 Cover Sheet Monthly Investor Report Monthly Period Sep 2018 Index Page 1. Portfolio Information 1 2. Reserve Accounts 2 3. Delinquency Data 3 4. Default Data Default Data per Quarter 5 5. Outstanding Notes 6 6. Original Principal Balance Original PB (Graph) 8 7. Current Principal Balance Current PB (Graph) Borrower Concentration Geographical Distribution Geographical (Graph) Object/Vehicle Type Insurances Contract Type Payment Methods Downpayment Effective Interest Rate Effective Interest Rate (Graph) Seasoning Seasoning (Graph) Remaining Term Remaining Term (Graph) Original Term Original Term (Graph) Manufacturer Brands Priority of Payments + Transaction Costs Swap Counterparty 1 Data Swap Counterparty 2 Data Retention Counterparties Issuer Information Santander Consumer Bank Glossary 35

3 1. Portfolio Information Monthly Period Sep 2018 current period previous period Outstanding Receivables No. of Contracts Aggregate Outstanding Principal Amount Aggregate Outstanding Principal Amount Beginning of Period , ,31 Scheduled Principal Payments ,19 Prepayment Principal ,98 Others ,39 Total Principal Collections , ,45 Total Interest Collections , ,39 Defaults , ,60 End of Period , ,26 Current Prepayment Rate (annualised) 19,1%

4 2. Reserve Accounts Monthly Period Sep 2018 Note Balance Beginning of Period ,10 End of Period ,30 Reserve Accounts Reserve Account in % Trigger Event y/n Beginning of Period 2,10% ,16 Cash Outflow ,48 Cash Inflow - End of Period 2,11% ,68 Required Reserve Fund 2,11% ,68 (thereof) Liquidity Reserve Account in % Beginning of Period 2,10% ,16 Cash Outflow ,48 Cash Inflow - End of Period 2,11% ,68 Required Liquidity Reserve Fund ,68 Commingling Reserve in % Beginning of Period 9,71% ,96 yes Cash Outflow ,30 Cash Inflow - End of Period 10,15% ,66 Required Commingling Reserve Fund ,66 Set-Off Reserve (X) in % Beginning of Period 3,43% ,97 Cash Outflow ,74 Cash Inflow - End of Period 3,41% ,23 Required Set-Off Reserve (X) Fund ,23 Set-Off Reserve (Y) in % Beginning of Period 0,22% ,94 yes Cash Outflow ,18 Cash Inflow - End of Period 0,22% ,76 Required Set-Off Reserve (Y) Fund ,76 Current Set-Off (Y) Amount ,76 Set-Off Amount (per Loan) 15,27 Set-Off Amount (in % of Outstanding Balance) 0,22%

5 3. Delinquency Data Monthly Period Sep 2018 Note Balance Beginning of Period ,10 End of Period ,30 Delinquency Data and Ratios 3-MRA* / current ratio Amount at risk Overdue amount Number of 3-MRA* 1-30 days past due 0,21% 1-30 days past due period before previous period , , days past due previous period , , days past due current period 0,21% , , MRA* days past due 0,20% days past due period before previous period , , days past due previous period , , days past due current period 0,18% , , MRA* days past due 0,08% days past due period before previous period , , days past due previous period , , days past due current period 0,06% , , MRA* days past due 0,04% days past due period before previous period , , days past due previous period , , days past due current period 0,07% , , MRA* days past due 0,02% days past due period before previous period , , days past due previous period , , days past due current period 0,01% , , MRA* days past due 0,03% days past due period before previous period , , days past due previous period , , days past due current period 0,03% , ,69 9 * 3-MRA stands for three months rolling average

6 4. Default Data Monthly Period Sep 2018 Note Balance Beginning of Period ,10 End of Period ,30 Default Data and Ratios Amount Number of Current Default Current Period Gross Default ,99 Current Period Recoveries 9.343,38 Current Period Net Default ,61 New Number of Defaulted Contracts 10 Cumulative Default Cumulative Gross Default ,18 Cumulative Recoveries ,18 Cumulative Net Default ,00 Total Number of Defaulted Contracts MRA* / current ratio Ratio 3-MRA* Annualised Net Default Ratio (New Default) 0,15% Annualised Loss Ratio period before previous period 0,03% Annualised Loss Ratio previous period 0,12% Annualised Loss Ratio current period 0,32% 0,32% Principal Deficiency Trigger Event y/n Principal Deficiency period before previous period - no Principal Deficiency previous period - Principal Deficiency current period - PDL Trigger ,00 Repurchased Assets Current Repurchased Asset Amount through breach of warranty or voluntary buyback - Cumulative Repurchased Asset Amount through breach of warranty or voluntary buyback - * 3-MRA stands for three months rolling average

7 4.1 Default Data per Quarter Monthly Period Sep 2018 Recoveries in Quarter Quarter of Default Periods New Defaults Recoveries Q Q Q Q Q Q Q Q Q Q Q ,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 Q , ,61 0,00 270,00 739,00 680,00 595, ,98 420,00 710, ,00 741,63 Q , ,41 0,00 0,00 150,00 712,22 936, ,25 560,00 683,28 615,00 300,00 Q , ,21 0,00 0,00 0, , , , , , , ,90 Q , ,62 0,00 0,00 0,00 0,00 110,00 735, , , , ,46 Q , ,67 0,00 0,00 0,00 0,00 0, , , , ,33 634,76 Q , ,69 0,00 0,00 0,00 0,00 0,00 0, , , , ,34 Q , ,97 0,00 0,00 0,00 0,00 0,00 0,00 0, , , ,90 Q , ,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 300, ,00 Q ,59 250,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 250,00 Total , ,18 0,00 270,00 889, , , , , , , ,99

8 5. Outstanding Notes Monthly Period Sep Note Balance All notes Class A Class B General Note Information ISIN Code XS XS Currency EUR EUR Initial Tranching in % 92,75% 7,25% Legal Maturity Dec 2025 Dec 2025 Expected Maturity Jun 2020 Jun 2020 Original Rating (Fitch / Moody's / S&P) AAAsf/Aaa(sf)/AAA (sf) NR/NR/NR Current Rating (Fitch / Moody's / S&P)* AAAsf/Aaa(sf)/AAA (sf) NR/NR/NR Initial Notes Aggregate Principal Outstanding Balance , , ,00 Initial Nominal per Note , ,00 Initial Number of Notes per Class Current Note Information Class Principal Outstanding Balance Beginning of Period , , ,00 Available Distribution Amount ,53 Amortisation ,80 Redemption per Class , ,80 0,00 Redemption per Note 2.058,72 0,00 Class Principal Outstanding Balance End of Period , , ,00 Current Tranching 78,7% 21,3% Current Pool Factor 0,29 1,00 2. Payments to Investors per Note All notes Class A Class B Interest Rate Basis: 1-M Euribor / Spread / Fixed Rate -0,369% +32 bps 0,88% DayCount Convention act/360 act/360 Interest Days 31 Principal Outstanding per Note Beginning of Period , ,00 > Principal Repayment per Note 2.058,72 0,00 Principal Outstanding per Note End of Period , ,00 > Interest accrued for the period 0, ,30 Interest Payment 0, ,30 Interest Payment per Note 0,00 75,78 3. Credit Enhancements Class A Class B Initial total CE (Subordination, Reserve) 8,25% 1,00% Current CE (incl. Excess Spread) 27,15% 5,88% Current CE (excl. Excess Spread) 23,38% 2,11% 4. Placement Disclosure Class A Class B Pre-placed privately with investors which are not in the OG - - At Closing Retained by a member of the OG At Closing Publicly offered to investors which are not in the OG At Closing Privately-placed with investors which are not in the OG - - Current Period Retained by a member of the OG Current Period Publicly-placed with investors which are not in the OG Current Period Initially retained by a member of the OG, but subsequently placed with investors - - Current Period OG stands for Originator Group * Last rating action as of

9 6. Original Principal Balance Monthly Period Sep 2018 Original Principal Balance (Ranges in EUR) Original Principal Balance in EUR Percentage of Total Balance Number of 1000: ,62 0,01% 16 0,05% 2000: ,36 0,11% 169 0,57% 3000: ,23 0,46% 519 1,75% 4000: ,24 1,06% 952 3,21% 5000: ,71 1,81% ,51% 6000: ,62 2,66% ,58% 7000: ,55 3,29% ,01% 8000: ,19 3,77% ,06% 9000: ,42 4,48% ,44% 10000: ,73 5,42% ,07% 11000: ,96 5,26% ,26% 12000: ,55 5,34% ,85% 13000: ,52 5,46% ,53% 14000: ,49 5,57% ,25% 15000: ,43 5,66% ,00% 16000: ,82 5,04% ,18% 17000: ,92 4,76% ,73% 18000: ,25 4,43% 971 3,28% 19000: ,25 3,94% 820 2,77% 20000: ,50 4,05% 803 2,71% 21000: ,97 3,70% 698 2,36% 22000: ,09 3,10% 559 1,89% 23000: ,40 2,80% 483 1,63% 24000: ,88 2,81% 465 1,57% 25000: ,50 2,28% 363 1,23% 26000: ,44 1,87% 286 0,97% 27000: ,20 1,61% 237 0,80% 28000: ,42 1,38% 196 0,66% 29000: ,45 1,14% 157 0,53% 30000: ,60 0,91% 121 0,41% 31000: ,42 0,80% 103 0,35% 32000: ,11 0,78% 97 0,33% 33000: ,59 0,65% 79 0,27% 34000: ,13 0,34% 40 0,14% 35000: ,00 0,05% 6 0,02% 35001: ,66 3,19% 311 1,05% Total ,22 100,00% ,00% Statistics in EUR Average Amount ,50

10 Original Principal Balance SC Germany Auto Reporting Date Original PB (Graph) Monthly Period Sep

11 7. Current Principal Balance Monthly Period Sep 2018 Current Principal Balance Current Principal (Ranges in EUR) Balance in EUR Balance Number of 0: ,61 0,59% ,47% 1000: ,47 1,90% ,68% 2000: ,53 3,22% ,89% 3000: ,13 4,37% ,64% 4000: ,76 5,39% ,26% 5000: ,78 6,20% ,78% 6000: ,74 6,84% ,28% 7000: ,73 7,36% ,78% 8000: ,77 7,59% ,17% 9000: ,90 7,14% ,20% 10000: ,75 6,69% ,40% 11000: ,57 6,64% ,99% 12000: ,55 5,70% 934 3,15% 13000: ,87 4,82% 732 2,47% 14000: ,94 4,57% 645 2,18% 15000: ,68 3,88% 513 1,73% 16000: ,25 3,37% 418 1,41% 17000: ,70 2,59% 303 1,02% 18000: ,48 2,25% 249 0,84% 19000: ,47 1,76% 185 0,62% 20000: ,28 1,30% 130 0,44% 21000: ,20 0,97% 93 0,31% 22000: ,02 0,91% 83 0,28% 23000: ,56 0,73% 64 0,22% 24000: ,28 0,73% 61 0,21% 25000: ,45 0,39% 31 0,10% 26000: ,31 0,35% 27 0,09% 27000: ,58 0,20% 15 0,05% 28000: ,05 0,39% 28 0,09% 29000: ,68 0,11% 8 0,03% 30000: ,87 0,22% 15 0,05% 31000: ,78 0,11% 7 0,02% 32000: ,64 0,11% 7 0,02% 33000: ,40 0,13% 8 0,03% 34000: ,42 0,08% 5 0,02% 35001: ,51 0,38% 18 0,06% Total ,71 100,00% ,00% Statistics in EUR Average Amount 6.905,31

12 Current Principal Balance SC Germany Auto Reporting Date Current PB (Graph) Monthly Period Sep

13 8. Borrower Concentration Monthly Period Sep 2018 No Current Principal Balance in EUR Percentage of Balance Number of ,33 0,0389% ,66 0,0335% ,81 0,0266% ,35 0,0230% ,48 0,0214% ,39 0,0208% ,96 0,0201% ,03 0,0200% ,48 0,0197% ,53 0,0184% ,66 0,0182% ,08 0,0179% ,80 0,0178% ,63 0,0175% ,29 0,0175% ,62 0,0175% ,54 0,0175% ,87 0,0172% ,72 0,0171% ,89 0,0170% ,09 0,0170% ,69 0,0169% ,03 0,0167% ,46 0,0166% ,01 0,0165% ,40 0,5014% 25

14 9. Geographical Distribution Monthly Period Sep 2018 State Current Principal Balance in EUR Balance Number of Baden-Wuerttemberg ,44 9,97% ,25% Bavaria ,40 10,84% ,95% Berlin ,39 1,77% 549 1,85% Brandenburg ,10 5,34% ,81% Bremen ,22 0,57% 174 0,59% Hamburg ,14 1,03% 304 1,03% Hesse ,51 6,79% ,41% Lower Saxony ,23 9,96% ,23% Mecklenburg-Western P ,61 4,38% ,93% North Rhine-Westphalia ,45 18,64% ,70% Rhineland-Palatinate ,88 4,76% ,48% Saarland ,83 1,45% 393 1,33% Saxonia ,90 7,65% ,93% Saxony-Anhalt ,31 6,99% ,57% Schleswig-Holstein ,56 3,48% ,82% Thuringia ,74 6,38% ,12% Total ,71 100,00% ,00%

15 Current Principal Balance SC Germany Auto Reporting Date Geographical Distribution (Graph) Monthly Period Sep

16 10. Object/Vehicle Type Monthly Period Sep 2018 Vehicle Type Current Principal Balance in EUR Balance Number of New Vehicle ,06 45,09% ,19% Used Vehicle ,65 54,91% ,81% Total ,71 100,00% ,00% Object Type Current Principal Balance in EUR Balance Number of Car ,77 98,57% ,22% Motorbike ,59 0,91% 655 2,21% Leisure ,35 0,52% 168 0,57% Total ,71 100,00% ,00%

17 11. Insurances Monthly Period Sep 2018 Payment Protection Insurance Current Principal Balance in EUR Balance Number of No ,72 31,94% ,11% Yes ,99 68,06% ,89% Total ,71 100,00% ,00% Gap Insurance (Santander Safe) Current Principal Balance in EUR Balance Number of No ,33 70,22% ,78% Yes ,38 29,78% ,22% Total ,71 100,00% ,00% Repair Cost Insurance (Santander AutoCare) Current Principal Balance in EUR Balance Number of No ,66 91,40% ,80% Yes ,05 8,60% ,20% Total ,71 100,00% ,00%

18 12. Type of Contract Monthly Period Sep 2018 Contracts w/balloon Payments Current Principal Balance in EUR Balance Number of No ,32 45,83% ,90% Yes ,39 54,17% ,10% - of which balloon rates ,74 38,21% - of which regular installments ,65 15,96% Total ,71 100,00% ,00% Balloon - Original Term in months Balloon Rates in EUR Balloon Rates in % of Total Balloon Rates Number of Balloon Balloon 26: ,74 4,84% 499 4,80% 39: ,65 33,89% ,35% 52: ,35 61,27% ,83% 65: ,00 0,00% 2 0,02% Total ,74 100,00% ,00% Balloon - Remaining Term in months Balloon Rates in EUR Balloon Rates in % of Total Balloon Rates Number of Balloon Balloon 0: ,26 30,57% ,26% 13: ,64 50,45% ,81% 26: ,84 18,98% ,93% Total ,74 100,00% ,00%

19 13. Payment Methods Monthly Period Sep 2018 Payment Method Current Principal Balance in EUR Balance Number of Direct Debit ,96 98,77% ,78% Other ,75 1,23% 362 1,22% Total ,71 100,00% ,00% Cycle of Payment Current Principal Balance in EUR Balance Number of 15th of month ,15 46,48% ,29% 1st of month ,56 53,52% ,71% Total ,71 100,00% ,00%

20 14. Downpayment Monthly Period Sep 2018 Downpayment (Ranges in EUR) Original Principal Balance in EUR Percentage of Total Balance Number of Downpayment / Purchase Price in % No Downpayment ,22 31,29% ,23% 0,00% 0: ,48 3,68% ,75% 5,06% 1000: ,01 8,31% ,83% 10,63% 2000: ,51 10,01% ,56% 15,77% 3000: ,57 8,63% ,82% 20,60% 4000: ,54 6,72% ,72% 24,90% 5000: ,64 7,87% ,54% 27,89% 6000: ,06 4,88% ,61% 31,31% 7000: ,37 3,74% ,56% 34,73% 8000: ,67 3,12% 905 3,06% 37,76% 9000: ,77 1,72% 495 1,67% 41,27% 10000: ,12 3,64% 990 3,34% 41,20% 11000: ,96 1,10% 318 1,07% 44,62% 12000: ,45 1,38% 394 1,33% 46,11% 13000: ,21 0,73% 214 0,72% 49,09% 14000: ,62 0,55% 174 0,59% 51,73% 15000: ,46 0,60% 181 0,61% 51,62% 15001: ,05 2,03% 586 1,98% 57,79% Total ,71 100,00% ,00% 21,89% Downpayment and Purchase Price All Contracts Contracts with Downpayment Average downpayment 3.587, ,20 Average Purchase Price , ,73 Mimimum Downpayment 100,00 Maximum Downpayment ,00 Downpayment in % 21,89% 28,73%

21 15. Effective Interest Rate Monthly Period Sep 2018 Yield Range * Current Principal Balance in EUR Balance Number of 0: ,66 0,07% 14 0,05% 1: ,35 10,70% ,88% 2: ,45 19,54% ,31% 3: ,39 41,10% ,16% 4: ,51 19,34% ,97% 5: ,39 5,87% ,28% 6: ,21 2,28% ,02% 7: ,78 0,63% 411 1,39% 8: ,24 0,31% 178 0,60% 9: ,12 0,14% 93 0,31% 10: ,61 0,02% 10 0,03% Total ,71 100,00% ,00% Statistics in % WA Interest 3,81% * runs from.00 to.99

22 Current Principal Balance SC Germany Auto Reporting Date Effective Interest Rate (Graph) Monthly Period Sep : 0 1: 1 2: 2 3: 3 4: 4 5: 5 6: 6 7: 7 8: 8 9: 9 10:10 Yield Range * * runs from.00 to.99

23 16. Seasoning Monthly Period Sep 2018 Seasoning in Months Current Principal Balance in EUR Balance Number of 30: ,62 15,98% ,33% 33: ,50 25,15% ,87% 36: ,02 23,29% ,11% 39: ,84 14,35% ,87% 42: ,83 9,56% ,88% 45: ,83 5,68% ,16% 48: ,12 3,90% ,13% 51: ,24 0,99% 408 1,38% 54: ,51 0,46% 198 0,67% 57: ,41 0,28% 144 0,49% 60: ,45 0,15% 101 0,34% 63: ,95 0,10% 88 0,30% 66: ,41 0,04% 44 0,15% 69: ,39 0,03% 29 0,10% 72: ,68 0,03% 41 0,14% 75: ,28 0,01% 12 0,04% 78: ,71 0,01% 8 0,03% 81: 3.945,92 0,00% 7 0,02% Total ,71 100,00% ,00% Statistics WA Seasoning 37,70

24 Current Principal Balance SC Germany Auto Reporting Date Seasoning (Graph) Monthly Period Sep :32 33:35 36:38 39:41 42:44 45:47 48:50 51:53 54:56 57:59 60:62 63:65 66:68 69:71 72:74 75:77 78:80 81: Seasoning in Months

25 17. Remaining Term Monthly Period Sep 2018 Remaining Term in Months Current Principal Balance in EUR Balance Number of 0: ,25 6,78% ,77% 7: ,03 13,15% ,27% 14: ,43 17,45% ,78% 21: ,58 27,88% ,96% 28: ,48 13,71% ,31% 35: ,11 9,18% ,07% 42: ,44 5,12% ,68% 49: ,26 6,61% ,11% 56: ,77 0,11% 12 0,04% 63: ,36 0,01% 1 0,00% Total ,71 100,00% ,00% Statistics WA Remaining Term 24,72

26 Current Principal Balance SC Germany Auto Reporting Date Remaining Term (Graph) Monthly Period Sep : 6 7:13 14:20 21:27 28:34 35:41 42:48 49:55 56:62 63:69 Remaining Term in Months

27 18. Original Term Monthly Period Sep 2018 Original Term in Months Current Principal Balance in EUR Balance Number of 13:25 435,05 0,00% 1 0,00% 26: ,69 2,43% ,00% 39: ,52 20,22% ,50% 52: ,11 48,72% ,25% 65: ,35 14,63% ,08% 78: ,99 14,00% ,17% Total ,71 100,00% ,00% Statistics WA Original Term 62,42

28 Current Principal Balance SC Germany Auto Reporting Date Original Term (Graph) Monthly Period Sep :25 26:38 39:51 52:64 65:77 78: Original Term in Months

29 19. Manufacturer Brands Monthly Period Sep 2018 Manufacturer brands Current Principal Balance in EUR Balance Number of ,56 12,30% ,39% ,28 12,09% ,67% ,04 9,27% ,66% ,48 8,48% ,08% ,02 8,38% ,98% ,49 8,26% ,74% ,49 4,37% ,56% ,41 3,96% ,34% ,60 3,73% 948 3,20% ,87 3,52% ,59% ,75 3,14% 963 3,25% ,63 2,75% 804 2,71% ,76 2,66% 940 3,17% ,52 2,28% 792 2,67% ,63 2,23% 472 1,59% ,53 87,40% ,60% TOP 15 manufacturer brands in alphabetical order: Audi, BMW, Citroen, Ford, Hyundai, Kia, Mazda, Mercedes, Nissan, Opel, SEAT (E), Skoda, Suzuki, Volvo, VW

30 20. Priority of Payments + Transaction Costs Monthly Period Sep 2018 Priority of Payments Available Distribution Amount ,53 Senior Expenses - 297,50 Net Swap Payments - - Interest Notes Class A - - Interest Notes Class B ,30 Payments to Liquidity Reserve Fund ,68 Principal Payments Class A ,80 Principal Payments Class B - - Payment due to rounding differences - 32,59 Payments to Reserve Fund - - Payments to Commingling Reserve Ledger - adjustments necessary Payments to Set-Off Reserve Ledger - adjustments necessary Swap Termination Payments - n/a Interest Subordinated Loan ,35 Principal Payments Subordinated Loan ,48 Payments to Seller = ,83 Transaction Costs All notes Class A Class B Senior Expenses - 297,50 Interest accrued for the Period , ,30 Cumulative Interest accrued , ,70 Interest Payments , ,30 Cumulative Interest Payments , ,70 Interest accrued on Subordinated Loan for the P ,35 Cumulative Interest accrued on Subordinated L ,65 Interest Payments on Subordinated Loan ,35 Cumulative Interest Payments on Subordinated ,65 Unpaid Interest for the Period - Cumulative Unpaid Interest -

31 21.1 Swap Counterparty 1 Monthly Period Sep 2018 Swap Counterparty Swap Counterparty Swap Rating Trigger Breach Banco Santander S.A., London Branch yes Rating Trigger & Current Ratings Consequenses Long Term (CRA) Moody's Fitch S & P Short Term Long Short Long Short Outlook Outlook (CRA) Term Term Term Term Outlook Trigger breach 1st Rating Trigger Collateral, Guarantee or Replacement A3(cr) - A F1 A A-1 no 2nd Rating Trigger Guarantee or Replacement Baa1(cr) - BBB- F3 BBB+ A-1 no Current Counterparty Ratings A3(cr) P-2(cr) STABLE A F1 STABLE A A-1 STABLE Current Swap Data Swap Counterparty Details Counterparty Replacement Swap Type Fixed Floating Interest Rate Swap Banco Santander S.A., London Branch Old Counterparty Abbey National Treasury Services plc Notional Amount ,05 FI Structuring Current Counterparty Banco Santander S.A., London Branch Fixed Rate -0,4000% 2 Triton Square Floating Rate (Euribor) -0,3690% Regent's Place Net Swap Payments 2.302,39 London, NW1 3AN Notional Amount next period ,65 United Kingdom Phone Swap Collateral robustiano.tubio@santandergcb.com Begining of Period - Cash Outflow - Cash Inflow - End of Period - Ratings as of , data source: Bloomberg

32 21.2 Swap Counterparty 2 Monthly Period Sep 2018 Swap Counterparty Swap Counterparty Swap Rating Trigger Breach DZ Bank AG no Rating Trigger & Current Ratings Consequenses Long Term (CRA) Moody's Fitch S & P Short Term Long Short Long Short Outlook Outlook (CRA) Term Term Term Term Outlook Trigger breach 1st Rating Trigger Collateral, Guarantee or Replacement A3(cr) - A F1 A A-1 no 2nd Rating Trigger Guarantee or Replacement Baa1(cr) - BBB- F3 BBB+ A-1 no Current Counterparty Ratings Aa1(cr) P-1(cr) STABLE AA- F1+ STABLE AA- A-1+ STABLE Current Swap Data Swap Counterparty Details Counterparty Replacement Swap Type Fixed Floating Interest Rate Swap DZ Bank AG Old Counterparty DZ Bank AG Notional Amount ,05 Kapitalmärkte Handel / ABS-Emissionen Current Counterparty DZ Bank AG Fixed Rate -0,4000% Platz der Republik Floating Rate (Euribor) -0,3690% Frankfurt am Main Net Swap Payments 2.302,39 Germany Notional Amount next period ,65 Phone Tom.Oelrich@dzbank.de Swap Collateral Begining of Period - Cash Outflow - Cash Inflow - End of Period - Ratings as of , data source: Bloomberg

33 22. Retention Monthly Period confirms its compliance to have continuously retained a net economic interest in the SC Germany Auto securitisation transaction of at least 5% of the securitised Purchased Receivables pursuant to Art. 405 of the CRR (Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013) by retaining the regulatory first loss tranche which is represented by the Subordinated Loan of at least 1% and by retaining the regulatory second loss tranche which is represented by the Class B Notes of at least 4%. Outstanding Principal Balance of Purchased Receivables as of the Offer Date: Outstanding Principal Balance of Purchased Receivables as of the beginning of the Monthly Period: Outstanding Principal Balance of Purchased Receivables as of the end of the Monthly Period: Outstanding Principal Balance of the Subordinated Loan as of the Offer Date: Outstanding Principal Balance of the Subordinated Loan as of the beginning of the Monthly Period: Outstanding Principal Balance of the Subordinated Loan as of the end of the Monthly Period: Outstanding Balance of the Class B Notes as of the Offer Date: Outstanding Balance of the Class B Notes as of the beginning of the Monthly Period: Outstanding Balance of the Class B Notes of the end of the Monthly Period: Net Economic Interest Ratio as of Offer Date: Net Economic Interest Ratio as of the beginning of the Monthly Period: Net Economic Interest Ratio as of the end of the Monthly Period: , , , , , , , , ,00 8,25% 22,24% 23,38%

34 Monthly Investor Report Payment Date Period No 23. Counterparties Monthly Period Sep 2018 Interest Period Collection Period 28 from to = 31 days from to Moody's Fitch S & P Long Term (CRA) Short Term (CRA) Outlook Long Term Short Term Outlook Long Term Short Term Outlook Counterparty status Join Lead Managers: Banco Santander S.A. A3(cr) P-2(cr) STABLE A F1 STABLE A A-1 STABLE performing Santander Global Banking and Markets 2 Triton Square Regent's Place shaun.baddeley@santandergcb.com London NW1 3AN Phone: United Kingdom anne-clairelerin@hsbc.com Phone: rainer.bohn@lbbw.de Phone: HSBC Aa2(cr) P-1(cr) STABLE AA- F1+ STABLE AA- A-1+ STABLE performing 8 Canada Square London E14 5HQ United Kingdom LBBW Aa3(cr) P-1(cr) STABLE A- F1 STABLE performing Am Hauptbahnhof Stuttgart Germany Paying Agent: Elavon Financial Services Limited - P-1 STABLE AA- F1+ STABLE AA- A-1+ STABLE performing 5th Floor, 125 Old Broad Street mbs.erg.london@usbank.com London EC2N 1Ar Phone: +44(20) United Kingdom Transaction Account: Elavon Financial Services Limited - P-1 STABLE AA- F1+ STABLE AA- A-1+ STABLE performing 5th Floor, 125 Old Broad Street mbs.erg.london@usbank.com London EC2N 1Ar Phone: +44(20) United Kingdom Transaction Security Trustee: Intertrust Trustees Limited performing 35 Great St. Helen's directors-uk@intertrustgroup.com London EC3A 6AP Phone: United Kingdom Data Trustee: Intertrust (Deutschland) GmbH performing Grüneburgweg frankfurt@intertrustgroup.com Frankfurt am Main Phone: Germany Rating Agencies: Moody's Deutschland GmbH Fitch Ratings Limited Standard & Poor's Ratings Services Strutured Finance Monitoring Strutured Finance Monitoring Structured Finance An der Welle 5 30 North Colonnade, Canary Wharf 20 Canada Square Frankfurt am Main London E14 5GN E14 5LH London Germany United Kingdom United Kingdom Ratings as of , data source: Bloomberg

35 24. Issuer Information Monthly Period Sep 2018 Deal Name: SC Germany Auto Issuer: Seller of the Receivables: Servicer Name: Reporting Entity: SPV-Administrator: SC Germany Auto UG (haftungsbeschränkt) The Managing Directors Steinweg Frankfurt am Main Germany fax +49 (0) Capital Markets Germany fax +49 (0) Wilmington Trust SP Services (Frankfurt) GmbH Steinweg Frankfurt am Main Germany fax +49 (0)

36 Period No 25. Santander Consumer Bank Monthly Period Sep 2018 Interest Period Collection Period 28 from to = 31 days from to Contact Details Capital Markets Peter René Müller peterrene.mueller@santander.de Ralf Schüring ralf.schuering@santander.de Bastian Menges bastian.menges@santander.de Stefan Zilligen stefan.zilligen@santander.de Tobias Daners tobias.daners@santander.de Ronja Dahmen ronja.dahmen@santander.de Team ABS abs_ger@santander.de Ratings Santander Moody's Fitch S & P Long Term (CRA) Short Term (CRA) Outlook Long Term Short Term Outlook Long Term Short Term Outlook Banco Santander S.A. Santander Consumer Finance S.A. A3(cr) P-2(cr) STABLE A F1 STABLE A A-1 STABLE A3(cr) P-2(cr) STABLE A- F2 STABLE A- A-2 STABLE A- F2 STABLE A- A-2 STABLE Ratings as of , data source: Bloomberg

37 SC Germany Auto Reporting Date Monthly Investor Report Payment Date Period No Glossary Monthly Period Sep 2018 Aggregate Outstanding Principal Amount: Balloon Loan: Balloon Payment: Defaulted Contracts/Defaults: Delinquent Receivable: Downpayment: Excess Spread: Gap Insurance: Legal Maturity: Expected Maturity: Leisure: Payment Protection Insurance: Recoveries: Repair Cost Insurance: Set-Off Reserves (X/Y): Shall mean in respect of all Purchased Receivables at any time, the aggregate of the Outstanding Principal Amounts of all Purchased Receivables which, as of such time, are not defaulted receivables. A loan where the final payment due is higher than any of the previous loan instalments payable by the relevant debtor. The final payment of a balloon loan. Shall mean as of any date, any purchased receivable which has been declared due and payable in full in accordance to the Credit and Collection Policy which in principal is between 120 and 180 calendar days after the due date. Shall mean as of any date, any purchased receivable which is more than 30 days overdue and not a defaulted contract. The initial upfront portion of the total net amount due at the time of finalizing the contract. Excess Spread equals WA Portfolio Yield minus Fixed Swap Rate minus WA Notes Margin Insurance which covers the risk that loss is incurred if the relevant Financed Vehicle has to be completely written off (total damage) due to fire, accident (irrespective of whether such accident was caused by the Debtor or a third party), flooding or theft Final Payment date on which each Class A Note will be redeemed in full. Maturity date of the notes under the assumption of (a) a 14% constant prepayment rate, (b) an exercised Clean-Up Call at 10% and (c) a 2,7% Gross Loss Assumption. Is composed of motorised and not motorised caravans and campers. Insurance, composed of life insurance and/or accident insurance and/or temporary disability insurance and/or unemployment insurance, which covers the risk that a Debtor in its capacity as insured person is unable to pay the Loan Instalments owed by such Debtor life insurance Any amount received on defaulted contracts Insurance which covers repair costs for the repair of certain important components of the Financed Vehicle Protection against set-off risks due to (X) capitalized service fees (e.g. Payment Protection Insurance, Gap Insurance, Repair Cost Insurance) and (Y) deposits Used Vehicle Shall mean any Financed Vehicle the date of purchase of which by the relevant debtor was later than 12 months after the date of first registration of such Financed Vehicle