Aumovio Se · XETR:AMV0
Aumovio — Q1 2026 Earnings Presentation
39 slides from Aumovio's earnings presentation, May 7, 2026
Slide 1: Q1 2026 Results
Q1 2026 Results Dr. Jutta A. Dönges – CFO Lutz Ackermann – Head of IR Ticker: AMV0 ISIN: DE000AUM0V10 Website: http://www.ir.aumovio.com IR Contact: ir@aumovio.com May 07, 2026 Investor Relations
Slide 2: Agenda
Agenda 1 Financial Performance Q1 2 Appendix Investor Relations @AUMOVIO SE
Slide 3: Q1 on track to deliver our outlook in a challenging environment
Q1 on track to deliver our outlook in a challenging environment Adj. EBIT and Free Cash Flow with substantial improvement €4.4 bn €106 mn (2.4%) €147 mn / €-3 mn Adj. Sales Adj. EBIT (Adj. EBIT margin) Normalized FCF / adj. FCF Q1 adj. Sales down 7.8% YoY Q1 adj. EBIT up 14.3% YoY Q1 Normalized FCF
Slide 4: Q1 Earnings and Cash Flow improvement despite sales pressure
Q1 Earnings and Cash Flow improvement despite sales pressure Increase in Free Cash Flow shows cash-generation potential Adj. Sales (€ mn) Adj. EBIT (€ mn) Normalized FCF (€ mn) -7.8% 1.9% 2.4% +35.2% +14.3% 109 147 4,780 4,404 93 106 142 150 -33 -3 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Adj
Slide 5: Building a streamlined and highly competitive global footprint
Building a streamlined and highly competitive global footprint Ramp down aligned with ambition of <45 production locations 2025 2026 2027 2028 CLOSURE: CLOSURE: CLOSURE: CLOSURE: − Karben − Changsha − Gifhorn − Lianyungang (Production loc. closed Q4 2025) (Operational Exit1 Q1 2026) (Operational Exi
Slide 6: Sales development reflecting challenging market environment
Sales development reflecting challenging market environment Active portfolio management to enhance profitability (€ mn) Divestments Active Portfolio Management / Footprint Reduction Regional -25 Sales exposure -80 -296 -24 100% -1 -41 -39 16% -146 12% -150 21% 4,805 4,780 4,700 4,404 51% Sales Cairo
Slide 7: Q1 Adj. EBIT YoY growth despite topline decline
Q1 Adj. EBIT YoY growth despite topline decline Adj. EBIT Walk 2025 to 2026 excluding special items (€ mn) +0.9%p +0.2%p 1 19.0% 19.9% 12.2% 2 12.4% Q1 2025 Q1 2026 Q1 2025 Q1 2026 2.4% 1.9% 4 -18 26 -31 36 106 89 93 Adj. EBIT Deconsolidation Adj. EBIT Adj. Gross Profit Adj. net R&D Adj. S&D / FG&A
Slide 8: ANS and UX driving improvement in Q1 adj. EBIT result
ANS and UX driving improvement in Q1 adj. EBIT result Adj. EBIT development by Business Area (€ mn) ACM Adj. EBIT Q1 2025 93 − Adj. Sales -13.1%, mainly due to FX effects Q1 2025 Q1 2026 as well as lower volumes − Adj. EBIT decline primarily driven by lower 0.1% -2.6% volumes and unfavorable product
Slide 9: Strong cash conversion in Q1 proving cash-generation potential
Strong cash conversion in Q1 proving cash-generation potential Resilient adj. FCF despite restructuring & separation cash effects (€ mn) 330 Cash-effective costs include: − €138 mn restructuring -72 53 − €12 mn spin-off & separation -87 223 -77 311 147 -150 106 -3 Adj. EBIT / Adj. D&A Net Employee B
Slide 10: Strong net-cash position in Q1 underpinning financial strength
Strong net-cash position in Q1 underpinning financial strength Lower net pension liabilities improve financial position (€ mn) Net Pension Liabilities (€ mn) 1 23 12 5 1,430 4.3%2 4.5%2 1,389 1,065 998 Net Cash FCF1 Other changes in Gross Financial Changes Derivative Net Cash As at Dec 31, 2025 As a
Slide 11: Operating in a changing and challenging market environment
Operating in a changing and challenging market environment Confirming 2026 outlook based on operating performance 2025 Actuals 2026 Outlook Confirmation (March 18th, 2026) (May 7th, 2026) Adj. Sales (€ bn) 18.5 17.0-18.5 - Active portfolio management; delayed project ramp-ups; FX as of Dec 31, 2025
Slide 12: Q&A Thank you!
Q&A Thank you!
Slide 13: Agenda
Agenda 1 Financial Performance Q1 2 Appendix Investor Relations @AUMOVIO SE
Slide 14: Appendix
Appendix
Slide 15: Business Areas ACM and ANS
Business Areas ACM and ANS Development adj. Sales and adj. EBIT Autonomous and Commercial Mobility (ACM) Architecture and Network Solutions (ANS) Adj. Sales (€ mn) Adj. EBIT (€ mn) Adj. EBIT margin (%) Adj. Sales (€ mn) Adj. EBIT (€ mn) Adj. EBIT margin (%) +61.2% -191 0.1% -13.1% -4.9% -2.6% 62 1 -
Slide 16: Business Areas SAM and UX
Business Areas SAM and UX Development adj. Sales and adj. EBIT Safety and Motion (SAM) User Experience (UX) Adj. Sales (€ mn) Adj. EBIT (€ mn) Adj. EBIT margin (%) Adj. Sales (€ mn) Adj. EBIT (€ mn) Adj. EBIT margin (%) -22.2% +38 1 0.8% -7.2% 6 79 61 -4.1% -32 -4.2% 4.2% 3.6% 1,859 1,725 752 721 Q1
Slide 17: Confirming 2026 outlook for Business Areas
Operating in a changing and challenging market environment Confirming 2026 outlook for Business Areas Business Area Adj. Sales (€)1 Outlook Adj. EBIT margin (%)1 Confirmation (May 7th, 2026) − Moderate lower adj. Sales due to FX and lower volumes in Autonomous and ADAS and weaker US commercial vehic
Slide 18: Key figures by Business Area (1/2)
Key figures by Business Area (1/2) Sales (€ mn) and EBIT (€ mn and as % of Sales) AUMOVIO Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Q1 26 Sales 4,805 4,740 4,509 4,496 18,550 4,404 Sales growth (YoY) -1.8% -5.4% -6.8% -8.4% -5.6% -8.3% EBIT -147 4 11 63 -70 -79 EBIT margin -3.1% 0.1% 0.2% 1.4% -0.4% -1.8% ACM Q
Slide 19: Key figures by Business Area (2/2)
Key figures by Business Area (2/2) Adj. Sales (€ mn) and adj. EBIT (€ mn and as % of adj. Sales) AUMOVIO Q1 251 Q2 251 Q3 251 Q4 251 FY 251 Q1 262 Adj. Sales 4,780 4,714 4,492 4,496 18,480 4,404 Adj. Sales growth (YoY) -7.9% Adj. EBIT 93 167 153 308 721 106 Adj. EBIT margin 1.9% 3.5% 3.4% 6.9% 3.9%
Slide 20: Softer environment reflected by YoY order intake decline
Softer environment reflected by YoY order intake decline Delayed sourcing decisions lowered order bookings Q1 2026 Order Intake (€ mn) Highlights Order Intake Q1 2026 Regional split (%) − While several OEMs postponed sourcing 5,7691 activities into Q2 2026, SAM and UX showed strong momentum, support
Slide 21: Focused project selection affecting regional growth outcomes
Focused project selection affecting regional growth outcomes Adj. Sales exposure and performance per region in Q1 2026 Adj. Sales exposure AUMOVIO adj. Sales growth vs. vehicle production (YoY in %) Worldwide1 Europe -1.2 16% -3.4 -4.7 -8.9 12% 51% North America China -1.2 -2.0 21% -9.8 -14.0 Europe
Slide 22: Financial development
Financial development Adj. Sales and adj. EBIT margin 2025 2026 Guidance of: − €18.5 bn adj. Sales − €17.0-18.5 bn adj. Sales − 3.9% adj. EBIT margin − 3.5-5.0% adj. EBIT margin 4.8 4.7 4.5 4.5 4.4 6.9% 3.5% 3.4% 1.9% 2.4% Q1 Q2 Q3 Q4 Q1 Adj. Sales (€ bn) Adj. EBIT margin (%) Investor Relations @AUM
Slide 23: Continuous focus on right-sizing and R&D efficiency
Continuous focus on right-sizing and R&D efficiency Headcount reduction on track Headcount development1 (in k) ~103 SG&A program ~93 − Project successfully completed ~82 ~80 R&D efficiency − Adj. net R&D in Q1 2026 improved by €36 mn YoY − Adj. net R&D-to-sales ratio2 at 12.4% in Q1 2026 Portfolio m
Slide 24: Transformation and one-off items impact EBIT and net income
Transformation and one-off items impact EBIT and net income Bridge from adj. EBIT to net income IFRS PnL item (€ mn) Q1 2025 Q1 2026 Key comments (Q1 26 YoY) Adj. EBIT 93 106 Adj. EBIT increased significantly by €13 mn YoY Key items − €156 mn restructuring and termination (PY €199 mn) Adjustments (i
Slide 25: Q1 2026 Reconciliation adj. EBIT and Normalized FCF
Q1 2026 Reconciliation adj. EBIT and Normalized FCF Figures in € mn EBIT reported -79 Reported Free Cash Flow 5 Amortisation of intangible PPA 9 Interest bearing investments 4 Cash in- and outflows for acquisition and selling of business Impairments 5 operations 4 Restructuring 156 Adjusted Free Cas
Slide 26: Disciplined Capex approach and efficient WC management
Disciplined Capex approach and efficient WC management Improving capital efficiency Capex (€ mn and as % of sales) Working Capital (€ mn) 2,588 2,462 2,440 2,138 2,223 278 Inventories 2,648 2,435 2,413 192 2,309 2,322 154 145 Trade accounts 97 receivable 3,713 3,493 3,443 3,153 3,315 3.2% 4.0% 3.2%
Slide 27: Net periodic costs slightly higher than net periodic payments
Net periodic costs slightly higher than net periodic payments FY 2025 pension reconciliation (€ mn) Non-cash employees earning future pension Cash to pensioners payments -106 46 -29 0 3.5%1 68 -77 -20 29 Net periodic pension costs: 114 Net periodic payments: -97 -307 4.3% 1,355 1,065 31.12.2024 Serv
Slide 28: Germany accounts for majority of pension plans
Germany accounts for majority of pension plans FY 2025 Funded Status of Defined Benefit Obligation Reconciliation of Accrued Pension Liabilities per Region (€ mn) (€ mn) Germany Outside Germany 1,665 -1,224 2,730 2,286 34 1,031 1,065 1,062 444 -442 1 3 Partly Unfunded Accrued Pension Plan Assets inc
Slide 29: Driving sustainability towards our long-term targets
Driving sustainability towards our long-term targets Sustainability targets cover environmental & social dimensions Sustainability Targets Timeline Focus Area 2025 2030 2035 2040 Driving climate action − Reducing scope 1 & 2 GHG -86.7% 90.0% 92.5% -95.0% emissions1 Enabling − Increasing recycled & r
Slide 30: Interim 2026 IFRS Profit and Loss Statement
Interim 2026 IFRS Consolidated Financial Statement Profit and Loss Statement € millions Q1 2026 Q1 2025 Sales 4,404 4,805 Cost of sales -3,563 -3,958 Gross profit on sales 842 853 Research and development expenses -832 -928 Selling and logistics expenses -154 -160 Administrative expenses -107 -113 O
Slide 31: Balance Sheet - Assets
Interim 2026 IFRS Consolidated Financial Statements Balance Sheet - Assets € millions 31.03.2026 31.12.2025 Goodwill 2,091 2,089 Other intangible assets 302 323 Property, plant, and equipment 4,666 4,788 Investment property 2 2 Investments in equity-accounted investees 187 197 Other investments 93 8
Slide 32: Balance Sheet – Equity and Liabilities
Interim 2026 IFRS Consolidated Financial Statements Balance Sheet – Equity and Liabilities € millions 31.03.2026 31.12.2025 Subscribed capital 250 250 Capital reserves 9,678 9,677 Retained earnings -198 90 Other comprehensive income -649 –938 Equity attributable to the shareholders of the parent 9,0
Slide 33: Cash Flow (1/2)
Interim 2026 IFRS Consolidated Financial Statements Cash Flow (1/2) € millions Q1 2026 Q1 2025 Net income –162 –208 Income tax expense 19 74 Financial result 63 -13 EBIT –79 -147 Interest paid –15 -45 Interest received 10 19 Income tax paid –71 –74 Dividends received 0 0 Depreciation, amortization,
Slide 34: Cash Flow (2/2)
Interim 2026 IFRS Consolidated Financial Statements Cash Flow (2/2) € millions Q1 2026 Q1 2025 Disposal of property, plant and equipment, and intangible assets 3 8 Capital expenditure on property, plant and equipment, and software -87 -140 Capital expenditure on intangible assets from development pr
Slide 35: Financial calendar
Financial calendar 2026 May August November − Quarterly statement − Half-year financial − Quarterly statement (May 7) report (August 6) (November 5) − Annual shareholders meeting (May 13) Investor Relations @AUMOVIO SE Q1 2026 Results May 07, 2026 35
Slide 36: Investor Relations contacts
Lutz Ackermann Helena Elisabeth Held Head of Investor Relations Senior Manager Investor Relations +49 69 7603-1890 +49 69 7603-1891 lutz.ackermann@aumovio.com helena.elisabeth.held@aumovio.com Niclas Neff Senior Manager Investor Relations +49 69 7603-8574 niclas.neff@aumovio.com Guerickestraße 7 | 6
Slide 37: Glossary
Glossary 1 | Adj. Sales is calculated as sales adjusted for changes in the scope of consolidation. 2 | Adj. net R&D-to-sales-ratio calculated as adj. net R&D as percentage of adj. Sales. 3 I Adj. EBIT is defined as EBIT before amortization of intangible assets from purchase price allocation (PPA), c
Slide 38: Disclaimer
Disclaimer This presentation has been prepared by AUMOVIO SE (together with its consolidated subsidiaries, “AUMOVIO”) solely for information purposes. It has not been independently verified and will not be updated. It does not constitute an offer, invitation or recommendation to purchase or subscrib
Slide 39: 4. AUMOVIO
4. AUMOVIO