Schaeffler Ag · XETR:SHA0
Schaeffler — Bank of America C-Suite SMID Cap Conference 2023
78 slides from Schaeffler's conference presentation, Jan 12, 2023
Slide 1: Schaeffler AG – CEO and CFO update, January 2023
Schaeffler AG – CEO and CFO update, January 2023 Bank of America C-Suite SMID Cap Conference January 12, 2023 Virtual PUBLIC
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements. The words “anticipate”, “assume”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “project”, “should” and similar expressions are used to identify forward-looking statements. Forward-looking statements are statements that ar
Slide 3: Agenda
Agenda 1 Current Trading 2 Q3 2022 Key messages and Financials 3 Overview Group and Divisions 4 Backup Jan 12, 2023 Schaeffler AG - Bank of America C-Suite SMID Cap Conference 2023 3 PUBLIC
Slide 4: Current trading – Business update
1 Current trading Business Update – Current trading, latest news-flow and outlook 1 Sales – Q4 2022 in line with expectations, despite market impacts from China Covid developments in December Guidance – FY 2022 guidance confirmed for all Group metrics; we expect to end the year on the upper end of t
Slide 5: Sustainability Update – Important milestones achieved in December 2022 and January 2023
1 Current trading Sustainability Update – Important milestones achieved in December 2022 and January 2023 Climate Targets validated CDP “A” Score for Partnership with Hydrogen Acquisition of Solar Farm by SBTi Climate and Water Producer Lhyfe • Science Based Targets initiative • Improved CDP score f
Slide 6: Agenda
Agenda 1 Current Trading 2 Q3 2022 Key messages and Financials 3 Overview Group and Divisions 4 Backup Jan 12, 2023 Schaeffler AG - Bank of America C-Suite SMID Cap Conference 2023 6 PUBLIC
Slide 7: Schaeffler Group with strong revenue growth and robust performance in Q3 2022
2 Q3 2022 Key messages and Financials Schaeffler Group with strong revenue growth and robust performance in Q3 2022 Key messages Q3 2022 at Group level Sales growth1 Q3 Gross Margin Q3 Q3 Sales1 +20.2% – Strong revenues across all divisions and regions; 1 9M Sales growth1 +8.7% +20.2% 23.2% Q3 Gross
Slide 8: Schaeffler Group Q3 2022 – Highlights and lowlights
2 Q3 2022 Key messages and Financials Schaeffler Group Q3 2022 – Highlights and lowlights Automotive Technologies – Double-digit growth across all Gross margin – Different dynamics among divisions; High regions and business divisions; Strong Order Intake in gross margin protection in Auto Aftermarke
Slide 9: Capital allocation – Capex prioritizing investments in growth business and regions
2 Q3 2022 Key messages and Financials Capital allocation – Capex prioritizing investments in growth business and regions, Capex ratio2 of 5.2% in Q3 Investment1 allocation | in EUR mn Key aspects Q3 2022 • Reinvestment Rate Target: Continued prioritization of Industrial division FY 20 FY 21 Q3 21 Q3
Slide 10: Structural measures – We drive our transformation in Automotive Technologies
2 Q3 2022 Key messages and Financials Structural measures – We drive our transformation in particular in Automotive Technologies Footprint & Headcount Executing our Strategy Indicative Financial Impact Mature Business New Business HCO Reduction: ~1,300 HCO globally, thereof Morbach ~1,000 HCO in Ger
Slide 11: Sales – Strong growth in Q3 driven by all regions and divisions
2 Q3 2022 Key messages and Financials Sales – Strong growth in Q3 driven by all regions and divisions, all divisions achieving all-time high quarterly sales Sales | in EUR mn Key aspects +27.3%1 • Auto Technologies: Double-digit growth2 in all regions and business +20.2%2 divisions on low comps • Au
Slide 12: Gross Profit – Positive pricing and volumes compensating higher production costs
2 Q3 2022 Key messages and Financials Gross Profit – Positive pricing and volumes compensating higher production costs Gross Profit Q3 2021 vs. Q3 2022 | in EUR mn Key aspects • Pricing: Sequentially improved in all divisions, price increases including retroactive lump sum payments in Auto Technolog
Slide 13: Overhead costs – Cost ratio below previous year
2 Q3 2022 Key messages and Financials Overhead costs – Cost ratio below previous year, continued high costs for freight and logistics Overhead costs | in EUR mn Key aspects • R&D: In line with previous year +13.2% • Selling expenses: Increase yoy due to higher freight/logistics and warehousing costs
Slide 14: EBIT margin – Strong margin in Industrial and Aftermarket
2 Q3 2022 Key messages and Financials EBIT margin1 – Strong margin in Industrial and Aftermarket, Automotive Technologies margin improved EBIT1 | in EUR mn Key aspects • Robust Q3 EBIT margin1 of 8.4% +0.6pp • Auto Technologies margin: Higher yoy and sequentially driven by positive volume and price
Slide 15: Automotive Technologies – Double-digit sales growth, slight progress in EBIT margin
2 Q3 2022 Key messages and Financials Automotive Technologies – Double-digit sales growth, slight progress in EBIT2 margin yoy Sales Strong double-digit growth across all regions and business divisions driven by in EUR mn +7.0%1 volume growth and price increases which came through in lump-sum mode;
Slide 16: Automotive Technologies – Continued strong growth in New Business
2 Q3 2022 Key messages and Financials Automotive Technologies – Continued strong growth1 in New Business, EBIT margin2 improved sequentially and yoy Sales by business division | yoy growth EBIT2 Q3 2021 vs. Q3 2022 | in EUR mn Q3 2021 Q3 2022 ∆1 E-Mobility 226 391 +62.6% Engine & Transmission 1,073
Slide 17: Automotive Technologies – High Order Intake in E-Mobility continued in Q3
2 Q3 2022 Key messages and Financials Automotive Technologies – High Order Intake in E-Mobility continued in Q3 Order Intake1 Business Highlights E-Mobility in bn EUR Market success for E-Axle 15.0 transmissions with several new project nominations in 7.3 10.2 10.2 China and Asia-Pacific H2 9.7 4.8
Slide 18: Automotive Aftermarket – Continued growth across all regions
2 Q3 2022 Key messages and Financials Automotive Aftermarket – Continued growth1 across all regions, EBIT margin2 slightly lower Sales Sales growth showing successful harnessing of ongoing robust market demand – in EUR mn +4.0%1 All regions grew in Q3, mainly driven by the Independent Aftermarket bu
Slide 19: Automotive Aftermarket – Moderate growth driven by Europe and Greater China
2 Q3 2022 Key messages and Financials Automotive Aftermarket – Moderate growth1 driven by Europe and Greater China, EBIT margin5 slightly lower in Q3 due to higher selling expenses Sales by region | yoy growth EBIT5 Q3 2021 vs. Q3 2022 | in EUR mn Q3 2021 Q3 2022 ∆1 Europe 341 358 +5.4% Americas 102
Slide 20: Automotive Aftermarket – First E-Axle repair solution launched at Automechanika
2 Q3 2022 Key messages and Financials Automotive Aftermarket – First E-Axle repair solution launched at Automechanika Key aspects • Repair system for gearbox application of E- Axle (BEV/HEV) • Pilot application for Volkswagen e-Golf VII VW e-Golf VII • Unique solution in the Aftermarket – First repa
Slide 21: Industrial – Double-digit sales growth, strong Gross and EBIT margin
2 Q3 2022 Key messages and Financials Industrial – Double-digit sales growth, strong Gross and EBIT margin2 Sales +15.0%1 Double-digit growth1 with contribution from all regions, again driven especially by in EUR mn strong demand in Industrial Automation and Industrial Distribution +17.8%1 3,205 2,6
Slide 22: Industrial – Strong growth continued, EBIT margin increase
2 Q3 2022 Key messages and Financials Industrial – Strong growth1 continued, EBIT margin2 increase driven by both price and volume effects Sales by region | yoy growth EBIT2 Q3 2021 vs. Q3 2022 | in EUR mn Q3 2021 Q3 2022 ∆1 Europe 372 438 +19.1% Americas 151 194 +10.9% -4 -21 +8 +11 Greater China 2
Slide 23: Industrial – Orderbook for Q3 still indicating growth
2 Q3 2022 Key messages and Financials Industrial – Orderbook for Q3 still indicating growth; Strong growth in future-oriented business fields Orderbook 3-month Business Highlights Orderbook 3M 2 Lifetime Solutions YOY growth % 1 Sales Roadshow presenting the 40 entire portfolio of 35 Schaeffler’s di
Slide 24: Net Income – EPS at EUR 0.25, ROCE reached 12.4%
2 Q3 2022 Key messages and Financials Net Income1 – EPS2 at EUR 0.25, ROCE3 reached 12.4% Net income1 | in EUR mn Key aspects • Q3 2022 Net income1 follows higher EBIT +20 mn • 9M ROCE3 improved vs. H1 2022 by 0.8pp • SVA4 approaching 2019 pre-Covid levels 235 227 149 145 136 113 169 Q1 21 Q2 21 Q3
Slide 25: Free Cash Flow – Strongly positive in Q3
2 Q3 2022 Key messages and Financials Free Cash Flow – Strongly positive in Q3, increased EBITDA compensated outflows for Working Capital and Capex Free Cash Flow before M&A1 | in EUR mn Reconciliation Q3 2022 | in EUR mn +15 mn -150 -78 +127 55 -1 130 113 225 14 240 560 -219 240 -219 EBITDA ∆ Net C
Slide 26: Net debt of EUR 2.3 bn – Leverage ratio at 1.1x and solid liquidity
2 Q3 2022 Key messages and Financials Net debt of EUR 2.3 bn – Leverage ratio1 at 1.1x and solid liquidity position Net financial debt and Leverage ratio1 | in EUR mn Key aspects Leverage ratio1 • Increased Revolving Credit Facility from EUR 1.8 bn to EUR 2.0 bn with maturity earliest in November 20
Slide 27: Market assumptions – What changed in our market assumptions since August
2 Q3 2022 Key messages and Financials Market assumptions – What changed in our market assumptions since August Automotive Technologies – Global LVP1 2022 Automotive Aftermarket – Global LV Parc3 Industrial – Industrial Production4 81.8 3% 77.2 8% World Schaeffler 6% 2% assumes now up to 1.5 mn 4% di
Slide 28: FY 2022 Guidance – Outlook for all metrics confirmed
2 Q3 2022 Key messages and Financials FY 2022 Guidance – Outlook for all metrics confirmed, confident in reaching the upper end of Group ranges Group Guidance Divisional Guidance Automotive Automotive Industrial Technologies Aftermarket Actuals Guidance Actuals Guidance Actuals Guidance Actuals Guid
Slide 29: Conclusion & Outlook
2 Q3 2022 Key messages and Financials Conclusion & Outlook Strong Q3 performance across all key metrics – Strongest quality of earnings in Industrial, 1 followed by Automotive Aftermarket and Automotive Technologies While managing the current headwinds, we actively manage our portfolio – Growing the
Slide 30: Financial calendar and selected IR events
2 Q3 2022 Key messages and Financials Financial calendar and selected IR events Roadshows & Conferences – With Top Management participation Financial calendar 2023 Jan 12 Conference – London, C-Suite SMD, BofA Mar 7 FY 2022 Earnings Release Jan 17 Conference – Frankfurt, Kepler German Corporates Apr
Slide 31: Agenda
Agenda 1 Current Trading 2 Q3 2022 Key messages and Financials 3 Overview Group and Divisions 4 Backup Jan 12, 2023 Schaeffler AG - Bank of America C-Suite SMID Cap Conference 2023 31 PUBLIC
Slide 32: Schaeffler Group – A strong starting point
3 Overview Group and Divisions Schaeffler Group – A strong starting point Strong customer base with Approximately Approximately approx. 11,800 EUR 13.9 bn 1,800 customers Sales in 20211 patents filed in 2021 Approximately 75 plants 1.1 mn tons of processed steel p.a. 20 R&D centers Around 200 locati
Slide 33: Schaeffler Group at a glance – Automotive and Industrial supplier
3 Overview Group and Divisions Schaeffler Group at a glance – We are an Automotive and Industrial supplier 3 Divisions Schaeffler Group 4 Regions In % of FY 2021 In % of FY 2021 Asia Pacific • Leading positions in 14% Industrial 26% technology and innovation • 10 customer sectors Europe 42% EUR 13.9
Slide 34: Our company strategy Roadmap 2025 – We pioneer motion
3 Overview Group and Divisions Our company strategy Roadmap 2025 – We pioneer motion Tomorrow Our Roadmap 2025 Transform Focus Execute Today Where we play How we win How we create value Jan 12, 2023 Schaeffler AG - Bank of America C-Suite SMID Cap Conference 2023 34 PUBLIC
Slide 35: Roadmap 2025 – Building on our strong foundations
3 Overview Group and Divisions Roadmap 2025 – Building on our strong foundations and innovating as a diversified Automotive and Industrial Group Automotive Technologies Automotive Aftermarket Industrial Driving innovation with systems and services Mature New Platform ▪ One-stop-shop Robotics Wireles
Slide 36: Capital Allocation Framework
3 Overview Group and Divisions Capital Allocation Framework – Driving an efficient and impactful use of resources Portfolio Management Capital Allocation Key aspects Build • Reinvestment Rate1 at Group level is the Growth Grow dominant logic Harvest • Reinvestment Rate for “Build” and “Grow” signifi
Slide 37: We focus on compelling M&A
3 Overview Group and Divisions We focus on compelling M&A – Further complementing and strengthening our business portfolio M&A radar Key aspects • Clearly defined M&A Strategy with 7 search fields, focus on small and mid-sized bolt-on acquisitions Hydrogen Power electronics & Electronics Lifetime So
Slide 38: We focus on our core competencies
3 Overview Group and Divisions We focus on our core competencies – Further leveraging our best-in-class manufacturing technologies Our manufacturing technologies Our key strengths Superior Innovation Quality Large forging Cold forming Heat treatment Combining + 4 USPs to a unique strength Machining
Slide 39: We leverage our synergistic potential
3 Overview Group and Divisions We leverage our synergistic potential – Benefitting from scope and scale Scope of interdependencies Technology transfer Economies of scale • Same production technologies • Dedicated Innovation Clusters • Joint procurement and supply chain management • Equal materials a
Slide 40: We see hydrogen as a unique growth chance
3 Overview Group and Divisions We see hydrogen as a unique growth chance – Schaeffler manufacturing and industrialization excellence is key Fuel cell – Usage of hydrogen Electrolysis – Production of hydrogen + Siemens AG Bipolar plate Fuel cell systems Bipolar plate + Electrolyzers Gas diffusion lay
Slide 41: Sustainability – Eight non-financial targets
3 Overview Group and Divisions Sustainability – Eight non-financial targets underline clear commitment to sustainability Climate Neutral Supply Chain Climate Neutral Supply Chain until 2040 Climate Neutral Production Sustainable Suppliers at all Schaeffler production 90% of the purchasing volume of
Slide 42: Path to Climate Neutrality
3 Overview Group and Divisions Path to Climate Neutrality – Ambitious Scope targets defined Long-Term Sustainability Targets Key aspects • Decarbonization as top priority • Emissions occurring in the supply 2019 2025 2030 2035 2040 chain (Scope 3 upstream): − Climate neutral from 2040 − Emission red
Slide 43: Road to 2025 – Mid-term Targets
3 Overview Group and Divisions Road to 2025 – Mid-term Targets are reflected in Schaeffler’s comprehensive Financial Framework Mid-term Targets Key aspects Automotive Technologies Automotive Aftermarket Industrial • Consistent with incentive system Outperformance1 FX-adj. sales growth FX-adj. sales
Slide 44: Automotive Technologies – Driving the transition to innovative propulsion
3 Overview Group and Divisions Automotive Technologies – Driving the transition to innovative propulsion and chassis technologies Revenue2 Engine & E-Mobility Europe Greater China 8.4 7.8 Transmission 56%1 of sales in 2021 12%1 of sales in 2021 37% of sales in 2021 26% of sales in 2021 2020 2021 EBI
Slide 45: Automotive Technologies – Operating Model sharpened in 2021
3 Overview Group and Divisions Portfolio Management Automotive Technologies – Operating Model sharpened in 2021 Mature Business New Business • E-Motors • Cam phaser Engine & E-Mobility • Gearboxes / Torque Transfer • Variable Valve train Transmission Solutions Powertrain- • Dual mass fly wheel • E-a
Slide 46: Automotive Technologies – Electrification is further accelerating
3 Overview Group and Divisions Portfolio Management Automotive Technologies – Electrification is further accelerating Vision Powertrain – OLD Vision Powertrain – NEW Global Light Vehicle Production Global Light Vehicle Production Climate targets towards zero 15% emission in major markets 20% 15% 30%
Slide 47: We actively manage our Product Portfolio
3 Overview Group and Divisions We actively manage our Product Portfolio – Harvesting the Mature, Growing the New Business Vision Powertrain – NEW Mature Business New Business Global Light Vehicle Production Products for Powertrain agnostic1 Powertrain agnostic1 Products for ICE and HEV products prod
Slide 48: Eco-system – Optimizing our leading technological platform
3 Overview Group and Divisions Eco-system – Optimizing our leading technological platform, leveraging our strong industrialization capabilities Mature Business New Business How we harvest Mature Business • We right-size investments and resource allocation in our Mature We business by consequently re
Slide 49: Eco-system – Creating a leading technological platform
3 Overview Group and Divisions Eco-system – Creating a leading technological platform with strong industrialization capabilities Mature Business New Business Growing our New Business • We continuously leverage our Automotive + Industrial supplier eco- We system – Our New Business thrives on the stro
Slide 50: Innoplate JV – Schaeffler and Symbio fuel cell components
3 Overview Group and Divisions Innoplate JV - Schaeffler and Symbio1 join forces for the production of strategic fuel cell components Innoplate Joint Venture Scale production capacity Innoplate is a 50/50 JV between Target: Around 50 mn fuel cell Schaeffler AG and Symbio S.A.S.1 for bipolar plates b
Slide 51: Automotive Technologies – Unlimited innovation potential with E-Mobility USP
3 Overview Group and Divisions Automotive Technologies – Unlimited innovation potential with our E-Mobility USP 3in1 E-Motors Transmission Xin1 2in1 e-Axle 4in1 Systems Thermal Management PEU Thermal 3in1 E-Motor Transmission Power Electronics management 2in1 3in1 4in1 Jan 12, 2023 Schaeffler AG - B
Slide 52: How we fund our own growth and create value
3 Overview Group and Divisions How we fund our own growth and create value Mature Business Order Intake2 FY 2019 - 2021 New Business Products for Powertrain Powertrain Products for ICE and HEV agnostic1 agnostic1 Electrified products products Powertrains 36% Priority Margin HEV Priority Growth xEV O
Slide 53: Automotive Aftermarket – Leading supplier of Aftermarket components and systems
3 Overview Group and Divisions Automotive Aftermarket – Leading supplier of Aftermarket components and systems Revenue2 Original Equipment Services (OES) Others Europe Greater China 1.8 7% of sales 1.6 15% of sales 69% of sales in 2021 5% of sales in 2021 2020 2021 Independent Aftermarket (IAM) EBIT
Slide 54: Automotive Aftermarket – Capturing new growth opportunities
3 Overview Group and Divisions Automotive Aftermarket – Capturing new growth opportunities Growth drivers Growth enablers We realize untapped Share of Wallet potential at current customer base We offer advanced Digital digital services to Competence Solutions & We upgrade components to solutions and
Slide 55: Automotive Aftermarket – REPXPERT Remote Support
3 Overview Group and Divisions Automotive Aftermarket – REPXPERT Remote Support is the next level digital service for garages Conventional technical support methods reach their limitations when it comes to complex, demanding vehicle repairs • Service technicians increasingly report difficulties in r
Slide 56: Automotive Aftermarket – Aftermarket CRM
3 Overview Group and Divisions Automotive Aftermarket – Aftermarket CRM: Cloud-based, integrated customer relationship management now live Sales • 360° customer view • Business potential identification • Sales planning Marketing • One source for all customer • Reduced complexity information • Proces
Slide 57: Industrial – Leading global component and system supplier
3 Overview Group and Divisions Industrial – Leading global component and system supplier Revenue2 Europe Greater China 3.6 3.1 41% of sales in 2021 28% of sales in 2021 Linear Bearings Technology 2020 2021 Broad range of products EBIT margin bsi Mechanical Mechatronic Systems 11.8% Americas Asia / P
Slide 58: Industrial – Diversified portfolio with significant growth potential
3 Overview Group and Divisions Industrial – Diversified portfolio with significant growth potential Market clusters Sector clusters Industrial Industrial sales development [EUR mn] Distribution share Renewables of total sales: ~28% 3,383 3,535 3,568 3,1323 19% EUR 680 mn1 (+8.2%2) Wind Hydrogen as n
Slide 59: Market Cluster Renewables
3 Overview Group and Divisions 1 Market Cluster Renewables – Strong fundamentals of the market, confirming growth potential Market Drivers Wind energy Renewables • Schaeffler bearings in every ~2nd wind turbine globally − Growing demand for electricity • Core business portfolio complemented by and l
Slide 60: Market Cluster Transportation & Mobility
3 Overview Group and Divisions 2 Market Cluster Transportation & Mobility – Well positioned with diversified products and services Market Drivers Comprehensive portfolio Transportation & Mobility • Strong growth with standardized bearings, specialized bearings and sensorized modules − Increasing pas
Slide 61: Market Cluster Machinery & Materials
3 Overview Group and Divisions 3 Market Cluster Machinery & Materials – Growing demand for sustainable, resource-saving solutions Market Drivers Serving multiple industries Machinery & Materials • Engagement in diverse sectors with leading market positions − Growing demand for aggregates • Bearing s
Slide 62: Market Cluster Industrial Automation
3 Overview Group and Divisions 4 Market Cluster Industrial Automation – Harnessing the rapidly increasing digitization and automatization Market Drivers Innovative products Industrial Automation • Expansion of mechatronic solutions such as highly efficient rotary drives − Increasing digitization and
Slide 63: Schaeffler Group to acquire Ewellix
3 Overview Group and Divisions Schaeffler Group to acquire Ewellix – Industrial Division becoming one of the market leaders in electromechanical automation Ewellix Transaction details Global manufacturer of actuation and Purchase price EUR 582 mn linear motion solutions (excluding approx. EUR 120 mn
Slide 64: Schaeffler Group signed the acquisition of Melior Motion
3 Overview Group and Divisions Schaeffler Group signed the acquisition of Melior Motion1 – Further reinforcing our robotics business Melior Motion1 ~ EUR 23 mn revenues Manufacturer of high precision FY 2021 gearboxes for industrial robotics and other applications More than 100 employees FY 2021 Tra
Slide 65: Schaeffler Group to acquire CERASPIN
3 Overview Group and Divisions Schaeffler Group to acquire CERASPIN – Extending our technology portfolio for production of ceramic rolling elements CERASPIN Transaction details Manufacturer of ceramic blanks for rolling Acquisition of 100% of shares in elements in high-precision bearings CERASPIN S.
Slide 66: Agenda
Agenda 1 Current Trading 2 Q3 2022 Key messages and Financials 3 Overview Group and Divisions 4 Backup Jan 12, 2023 Schaeffler AG - Bank of America C-Suite SMID Cap Conference 2023 66 PUBLIC
Slide 67: Q3 2022 Sales development – All regions and divisions contributed
Backup Q3 2022 Sales1 development – All regions and divisions contributed to the strong growth in Q3 2022 Automotive Automotive Industrial Technologies Aftermarket % of Group sales Q3 2022 60% 13% 27% Europe 40% +22.8% +34% +5% +19% Americas 22% +16.3% +22% +1% +11% Greater China 25% +24.8% +25% +24
Slide 68: Gross Profit – 9M 2022
Backup Gross Profit – Positive pricing and increased volumes partially compensating higher production costs Gross Profit 9M 2021 vs. 9M 2022 | in EUR mn Key aspects • Pricing: Sequentially further improved in all divisions during 2022 • Volumes: Strong increase in Q3 in Auto Technologies and Industr
Slide 69: Automotive Technologies – Continued growth in New Business
Backup Automotive Technologies – Continued growth1 in New Business, EBIT margin2 down yoy due to higher input costs Sales by business division | yoy growth EBIT2 9M 2021 vs. 9M 2022 | in EUR mn 9M 2021 9M 2022 ∆1 E-Mobility 732 991 +28.4% Engine & Transmission 3,499 3,849 +4.0% Bearings 1,845 1,955
Slide 70: Automotive Aftermarket – Moderate growth, EBIT margin down yoy
Backup Automotive Aftermarket – Moderate growth1, EBIT margin5 down yoy due to higher selling costs Sales by region | yoy growth EBIT5 9M 2021 vs. 9M 2022 | in EUR mn 9M 2021 9M 2022 ∆1 Europe 985 1,000 +1.6% -2 Americas 271 327 +7.6% +14 -28 +2 +4 Greater China 78 92 +8.1% Asia/Pacific 78 97 +17.8%
Slide 71: Industrial – Double-digit top line growth
Backup Industrial – Double-digit1 top line growth, EBIT margin2 increased despite input cost headwinds Sales by region | yoy growth EBIT2 9M 2021 vs. 9M 2022 | in EUR mn 9M 2021 9M 2022 ∆1 Europe 1,071 1,315 +23.4% Americas 436 541 +10.3% -10 Greater China 757 879 +5.3% -49 +7 +15 Asia/Pacific 385 4
Slide 72: Net Income – EBIT reconciliation and special items
Backup Net Income1 – EBIT reconciliation and special items Reconciliation 9M 2022 | in EUR mn Key aspects • Special items amounted to EUR 63 mn in 9M 2022, mainly related to the consolidation of the Footprint in Europe within “Roadmap 2025” • Financial Result has increased by 19 mn to -104 mn yoy ma
Slide 73: Free Cash Flow details 9M 2022
Backup Free Cash Flow1 details 9M 2022 – FCF at EUR 35 mn FCF1 9M 2021 vs. 9M 2022 | in EUR mn Key aspects • EBITDA lower yoy, negatively impacted by weaker first and second ∆ Net Working Capital EUR -222 mn quarters of 2022 • Net Working Capital negative mainly due to increased receivables as a res
Slide 74: Working Capital ratio 22.0% – Capex ratio 5.2% in Q3
Backup Working Capital1 ratio 22.0% – Capex ratio2 5.2% in Q3 Working capital1 | in EUR mn Capex2 | in EUR mn +616 mn +4 mn 2,543 2,726 2,752 2,700 2,803 3,184 3,368 132 136 215 188 156 175 219 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 in % of sales (LTM) in
Slide 75: Automotive Technologies outperformance by quarters
Backup Automotive Technologies (AT) outperformance by quarters YTD Q1 22 Q2 22 Q3 22 Outperformance: -0.5pp Outper- Outper- Outper- S&P1 AT2 formance S&P1 AT2 formance S&P1 AT2 formance World -3.3% -3.2% +0.1pp +1.7% +1.3% -0.4pp +27.5% +25.2% -2.3pp Europe -14.8% -1.9% +12.9pp -1.8% +2.4% +4.2pp +2
Slide 76: Key figures by Group and division
Backup Key figures by Group and division Adjusted comparative figures 2021 Group | in EUR mn Automotive Aftermarket | in EUR mn Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Sales 3,560 3,454 3,332 3,506 3,758 3,790 4.242 Sales 444 467 500 437 463 506 547 Sales
Slide 77: Overview Corporate and Financing Structure
Backup Overview Corporate and Financing Structure Corporate structure (simplified) | as of September 30, 2022 Financing structure | as of September 30, 2022 A IHO Verwaltungs GmbH INA-Holding Schaeffler Debt instrument Nominal Nominal Interest Maturity Rating GmbH & Co. KG (USD m) (EUR1 m) (Fitch/Mo
Slide 78: IR Contact
IR Contact Investor Relations Phone: + 49 9132 82-4440 Email: ir@schaeffler.com Web: www.schaeffler.com/ir PUBLIC
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