Schaeffler Ag · XETR:SHA0
Schaeffler — Non-Deal Roadshow (September 2022)
29 slides from Schaeffler's roadshow presentation, Sep 8, 2022
Slide 1: Schaeffler Industrial Roadshow: Harnessing growth, driving profitability
Schaeffler Industrial Roadshow Harnessing growth, driving profitability Dr. Stefan Spindler, CEO Industrial Division September 8th, 2022 PUBLIC
Slide 2: Agenda
Agenda 1 Overview 2 Where we play & How we win 3 How we create value Sep 8th, 2022 Schaeffler Industrial Roadshow 2 PUBLIC
Slide 3: Overview
1 Overview Sep 8th, 2022 Schaeffler Industrial Roadshow 3 PUBLIC
Slide 4: Industrial – Strong growth momentum continued, solid EBIT margin despite cost headwinds
1 Overview Industrial – Strong growth1 momentum continued, solid EBIT margin2 despite increased cost headwinds Sales +13.6%1 Strong growth1 across all regions except Greater China – Industrial delivering more in EUR mn than EUR 1 bn sales level in Q2 again, despite macro headwinds +11.7%1 2,065 1,73
Slide 5: Industrial – Strong growth in most regions and market clusters continued
1 Overview Industrial – Strong growth1 in most regions and market clusters continued Sales by region | yoy growth Sales by Industrial market cluster | yoy growth Industrial Distribution is 30.3% of H1 sales +13.6%1 H1 2021 H1 2022 ∆1 EUR 2,065 mn yoy growth1 Europe 699 877 +25.7% EUR 1,738 mn 350 Re
Slide 6: Industrial Orderbook and current trading – Solid development in July and August
1 Overview Industrial Orderbook and current trading – Solid development in July and August xxx Orderbook 3-month XXX Aspects Key Orderbook 3M 2 • High contributions to Orderbook in Q2 from yoy growth % Sales 1 Industrial Automation, Machinery & 40 Materials as well as Transportation & Mobility 30 •
Slide 7: Where we play & How we win
2 Where we play & How we win Sep 8th, 2022 Schaeffler Industrial Roadshow 7 PUBLIC
Slide 8: Performance H1 2022 by market cluster – Strong regional business ownership
2 Where we play & How we win Performance H1 2022 by market cluster – Strong regional business ownership H1 2022 Market clusters Sector clusters Industrial Industrial sales development3 [EUR mn] Distribution share Renewables of total sales: ~30% 3,383 3,535 3,568 H1 2022: 3,132 17% EUR 350 mn1 2,065
Slide 9: Our strategic set-up for Industrial – A solid foundation for further growth
2 Where we play & How we win Our strategic set-up for Industrial – A solid foundation for further growth and increasing profitability Renewables Services Transportation & Mobility Promising Machinery & Materials market Industrial Automation exposure Systems + A Organic Portfolio expansion, Dedicated
Slide 10: Organic growth – Strengthening business partnerships and expanding our portfolio
2 Where we play & How we win A Organic growth – Strengthening business partnerships and expanding our existing portfolio STRENGTHENED CUSTOMER NEW BEARING SOLUTIONS EXPANDED PORTFOLIO FOR RELATIONSHIPS Expanded product range for NEW BUSINESS FIELDS Entering 12-year partnership with Rolls Royce food
Slide 11: Inorganic growth – Growing Industrial Automation, Service Solutions and Hydrogen
2 Where we play & How we win B Inorganic growth – Growing our Industrial Automation, Service Solutions and Hydrogen business SERVICE SOLUTIONS HYDROGEN INDUSTRIAL AUTOMATION Maintenance tools become a Building the base for scaling Extending scope of our robotics business fundamental building block o
Slide 12: Ewellix deep dive – Industrial Division becoming a market leader in electromechanical automation
2 Where we play & How we win Ewellix deep dive – 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 Ewellix Net Debt -
Slide 13: Ewellix deep dive – Leading player in electromechanical automation in secular growth sectors
2 Where we play & How we win Ewellix deep dive – One of the leading players in electromechanical automation active in secular growth sectors Global presence with superior growth potential and strong exposure to 1 strategic sectors like robotics, mobile machines and medical Leveraging the trend towar
Slide 14: Ewellix deep dive – Complementing our product & solution offer
2 Where we play & How we win Ewellix deep dive – Complementing our product & solution offer Schaeffler Industrial Division Market Clusters Applications with complementing electromechanical solutions Aerial work platform Forklifts scissors lifts Renewables Transportation & Mobility EUR 680 mn1 30% EU
Slide 15: Ewellix deep dive – Extended solutions for medical applications
2 Where we play & How we win Ewellix deep dive – Extended solutions for medical applications Example Medical – Attractive portfolio match from components to system solutions Medical Imaging + Operating room equipment Additional possibilities Lab automation / IVD diagnostics C-Arm Bow Monorail Direct
Slide 16: Ewellix deep dive – Compelling acquisition with significant growth and synergy potential
2 Where we play & How we win Ewellix deep dive – Compelling acquisition with significant growth and synergy potential Strong market attractiveness – With the acquisition of Ewellix, Schaeffler Industrial Division 1 increases its business in sizeable and attractive sectors like robotics, medical, and
Slide 17: How we create value
3 How we create value Sep 8th, 2022 Schaeffler Industrial Roadshow 17 PUBLIC
Slide 18: FY 2022 Guidance – Outlook for all metrics confirmed
3 How we create value FY 2022 Guidance – Outlook for all metrics confirmed Group Guidance Divisional Guidance Automotive Automotive Industrial Technologies Aftermarket Actuals Guidance Actuals Guidance Actuals Guidance Actuals Guidance FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022
Slide 19: Strategy paying off also in a challenging market environment
3 How we create value Summary – Focus on further enhancing our portfolio in both core and new business fields, while continuing our profitability track record In Q2, strong growth momentum continued – Sales exceeding EUR 1 bn again; Solid EBIT 1 margin despite increased cost headwinds All regions gr
Slide 20: Sep 8th, 2022 Schaeffler Industrial Roadshow
Sep 8th, 2022 Schaeffler Industrial Roadshow 20 PUBLIC
Slide 21: IR Contact
IR Contact Investor Relations Phone: + 49 9132 82-4440 Email: ir@schaeffler.com Web: www.schaeffler.com/ir PUBLIC
Slide 22: Equity Story – Positioning Schaeffler for long-term value creation
Backup Equity Story – Positioning Schaeffler for long-term value creation 1 Roadmap 2025 in execution – Focus on capital allocation, portfolio management and FCF generation Automotive Technologies – Conquer leadership positions in New Business for electrified 2 Powertrains and Chassis applications 3
Slide 23: Schaeffler Group at a glance – Automotive and Industrial supplier
Backup 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% • Market leading offering from G
Slide 24: Despite complex macroeconomic environment, Schaeffler delivered a solid Q2
Backup Despite unprecedented complex macroeconomic environment, Schaeffler delivered a solid Q2 Key messages Q2 2022 Sales growth1 Q2 Order Intake2 H1 Q2 Sales1 +4.4% – Sales contracted in China in Q2 (-12.5%) due to Auto Technologies 1 Covid lockdowns, good growth in other regions +4.4% EUR 3,790 m
Slide 25: Schaeffler Group Q2 2022 – Highlights and lowlights
Backup Schaeffler Group Q2 2022 – Highlights and lowlights Automotive Technologies – Outperformance of 130 bps Global macroeconomic & geopolitical situation – Highly in Q2, strong growth in Americas, Europe growing despite complex and unprecedented combination in H1 2022 challenges; Strong Order Int
Slide 26: 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 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Sales 3,560 3,454 3,332 3,506 3,758 3,790 Sales 444 467 500 437 463 506 Sales Growth1 +12.3% +52.8%
Slide 27: Industrial division – EBIT margin at prior-year level
Backup Industrial division – EBIT margin1 at prior-year level supported by positive price and volume effects EBIT1 H1 2021 vs. H1 2022 | in EUR mn -6 -28 -1 +4 +66 206 241 EBIT Gross R&D SG&A Others FX2 EBIT H1 2021 Profit expenses expenses H1 2022 excl. FX EBIT margin development1,3 11.8% +2.2pp -0
Slide 28: Performance FY 2021 by market cluster – Strong regional business ownership
Backup Performance FY 2021 by market cluster – Strong regional business ownership Market clusters Sector clusters Industrial Industrial sales development [EUR mn] Distribution share Renewables of total sales: ~28% 3,383 3,535 3,568 FY 2021: 3,1323 19% EUR 680 mn1 (+8.2%2) Wind Hydrogen as new sector
Slide 29: Sustainability – Eight non-financial targets
Backup 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 production locations unt