Continental Ag · XETR:CON
Continental — FY2025 Earnings Presentation
30 slides from Continental's earnings presentation, Mar 4, 2026
Slide 1: FY 2025 Results
FY 2025 Results Hanover – March 4, 2026 PRELIMINARY Ticker: CON ADR-Ticker: CTTAY Christian Kötz – CEO http://www.continental-ir.com Roland Welzbacher – CFO Public
Slide 2: Agenda
Preliminary Agenda 1 Group Highlights 3 2 Tires 7 3 ContiTech 12 4 Cash Flow and Balance Sheet 13 5 Outlook 2026 15 6 Back-up and Fact Sheets 2024 — 2025 19 2 Public
Slide 3: CEO Change Reflects Continuous Transformation Progress Towards Tires Pure-play
Preliminary 01 | Group Highlights CEO Change Reflects Continuous Transformation Progress Towards Tires Pure-play BUSINESS HIGHLIGHTS New CEO Appointed Tires Pure-play Transformation › Christian Kötz appointed as new CEO. He will complete the › Continental has completed the sale of its ContiTech busi
Slide 4: Continental Achieved its Group Targets; Adj. Free Cash Flow at Upper End of Guidance
Preliminary 01 | Group Highlights Continental Achieved its Group Targets; IFRS 5 – NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED Adj. Free Cash Flow at the Upper End of Guidance OPERATIONS APPLIED EXECUTIVE SUMMARY FY 2024 FY 20258 Before IFRS 5 › Organic growth of +0.8%; impact from FX of -2.8%
Slide 5: Proposed Dividend of €2.70 Reflects Healthy Underlying Cash Generation
Preliminary 01 | Group Highlights Proposed Dividend of €2.70 Reflects Healthy Underlying Cash Generation DIVIDEND Dividend per share1 (€) 2.70 2.50 3 2.20 2 2 1 1 Targeted payout ratio 0 ~40% to ~60% 3 FY 2023 FY 2024 FY 2025 Earnings per share (€) 5.78 5.84 -0.83 | 5.386 Payout ratio2 38.1% 39.4%5
Slide 6: Group Quarterly Performance Around PY Level Thanks to Another Strong Tires Quarter
Preliminary 01 | Group Highlights Group Quarterly Performance Around PY IFRS 5 – NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED Level Thanks to Another Strong Tires Quarter OPERATIONS APPLIED GROUP SECTOR SALES AND ADJUSTED EBIT1 – Q4 2025 Sales (€ mn) Adjusted EBIT1 (€ mn) Group Tires ContiTech
Slide 7: Lower LVP Growth in China After EV Tax-incentive Cuts; Normalized PLT RE Imports to Europe
Preliminary 02 | Tires Lower LVP Growth in China After EV Tax-incentive Cuts; Normalized PLT RE Imports to Europe Year-on-year PLT MARKET DEVELOPMENT YEAR-ON-YEAR Light Vehicle Production PLT Replacement Market 1 2 Europe North America China Worldwide Europe North America China 17% 15% 15% 12% 11% 8
Slide 8: European CV Production Improved Sequentially; TT RE Demand Stabilized in Europe and NA
Preliminary 02 | Tires European CV Production Improved Sequentially; TT RE Demand Stabilized in Europe and NA TT MARKET DEVELOPMENT YEAR-ON-YEAR Commercial Vehicle Production TT Replacement Market 1 Europe North America Europe North America 17% 15% 14% 13% 10% 5% 5% 2% 0% -1% -1% -1% -4% -8% -19% -1
Slide 9: Sustained Positive Price/Mix Ensured Strong Performance Despite Negative FX and Volume
Preliminary 02 | Tires Sustained Positive Price/Mix Ensured Strong Performance Despite Negative FX and Volume Developments TIRES SALES AND ADJUSTED EBIT1 – Q4 2025 Sales (€ mn) Adjusted EBIT1 (€ mn) Sales › Impact from FX: -3.8% +0.8% 3,677 › Volumes: -2.6%; in PLT, all regions below PY, but 3,558 s
Slide 10: Mixed Volume Trends Drive Regional Dynamics, Supported by Solid Price/Mix
Preliminary 02 | Tires Mixed Volume Trends Drive Regional Dynamics, Supported by Solid Price/Mix TIRES SALES (€ MN) BY REGION – Q4 2025 AMERICAS EMEA APAC +1.1% 2,034 2,036 -2.3% 1,150 1,046 +6.4% 493 476 Q4 2024 Q4 2025 Q4 2024 Q4 2025 Q4 2024 Q4 2025 › Impact from FX: -6.8% › Impact from FX: -0.6%
Slide 11: Continuously Improving Mix Quality in FY 2025 as UHP Share Continues to Increase
Preliminary 02 | Tires Continuously Improving Mix Quality in FY 2025 as UHP Share Continues to Increase TIRES SALES BREAKDOWN – FY 2025 Channel Mix Regional Mix Product Segment Mix PLT Brand Mix APAC ST OE 5% 14% TT 18% Other 23% 24% Americas 33% 53% EMEA PLT 76% 77% 77% Replacement Continental Regi
Slide 12: ContiTech Performance Impacted By a Delayed Market Recovery
Preliminary 03 | ContiTech ContiTech Performance Impacted By a Delayed IFRS 5 – NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED Market Recovery OPERATIONS APPLIED CONTITECH SALES AND ADJUSTED EBIT1 – Q4 2025 Sales (€ mn) Adjusted EBIT1, 3 (€ mn) Sales › Impact from FX: -3.2% -5.2% › Weak OE volume
Slide 13: Strong Free Cash Flow in Q4 2025 Driven by Lower Capex and Focus on Fixed Costs
Preliminary 04 | Cash Flow and Balance Sheet Strong Free Cash Flow in Q4 2025 Driven by Lower Capex and Focus on Fixed Costs ADJUSTED FREE CASH FLOW1 BRIDGE – Q4 2025 Operating Cash Flow 102 6 1,051 › EBITDA substantially impacted by challenging 210 business environment as well as provisions for 882
Slide 14: Pro-forma Leverage Ratio Improved to 2.0 Due to Strong Free Cash Flow in Q4
Preliminary 04 | Cash Flow and Balance Sheet Pro-forma Leverage Ratio Improved to 2.0 Due IFRS 5 – NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED to Strong Free Cash Flow in Q4 2025 OPERATIONS APPLIED BALANCE SHEET DEVELOPMENT Working Capital and Working Capital as % of Sales Net Indebtedness and
Slide 15: Volume Growth Expected to Remain Muted in Still Challenging Market Conditions
Preliminary 05 | Outlook 2026 Volume Growth Expected to Remain Muted in Still Challenging Market Conditions Passenger Cars Commercial Industrial & Light Trucks Vehicles Production Light Vehicle Commercial Vehicle in units (vs. prior year) PLT RE TT RE2 Production Production 2025 2026E 2025 2026E 202
Slide 16: Profitability Expected to Improve Despite Muted Volume Assumptions
Preliminary 05 | Outlook 2026 Profitability Expected to Improve Despite Muted GUIDANCE BASED ON FX AT CURRENT LEVEL. CURRENTLY EFFECTIVE Volume Assumptions TARIFFS CONSIDERED IN GUIDANCE. GUIDANCE – FY 2026 Military conflict in Middle East may result in higher costs and operational disruptions, with
Slide 17: Q&A
Preliminary Q&A 17 Public
Slide 18: Disclaimer
Preliminary Disclaimer › This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the Analyst and Investor Call on March 4, 2026, and the subsequent analyst and investor meetings. It has not been independently verified. It does not constitute an offer, invitati
Slide 19: Back-Up
Preliminary Back-Up 19 Public
Slide 20: Price/Mix Expected to Be The Main Driver to Compensate For FX Headwinds, Tariffs and Inflation
Preliminary 06 | Back-up and Fact Sheets 2024 - FY 2025 Price/Mix Expected to Be The Main Driver to Compensate For FX Headwinds, Tariffs and Inflation TIRES ADJ. EBIT1 BRIDGE2 – OUTLOOK FY 2026 Main Drivers › Headwinds beyond Q1 if the USD continues to weaken ~13.0% - 13.6% 14.5% › Volume expected t
Slide 21: Potential Improvements in Operating Cash Flow Driven by Gradual Gains in Profitability and Working Capital
Preliminary 06 | Back-up and Fact Sheets 2024 - FY 2025 Potential Improvements in Operating Cash Flow Driven by Gradual Gains in Profitability and Working Capital ADJUSTED FREE CASH FLOW1 BRIDGE2 – OUTLOOK FY 2026 Operating Cash Flow Around › Slight improvements in profitability and working capital
Slide 22: Back-Up: Capex, Depreciation and Earnings Per Share
Preliminary 06 | Back-up and Fact Sheets 2024 - FY 2025 Back-Up CAPEX, DEPRECIATION AND EARNINGS PER SHARE – FY 2025 Capex, Depreciation3 and PPA1, 3 (€ mn) EPS excl. PPA1, 2, 3 (€) EPS reported PPA1, 3 per share after tax2 EPS excl. PPA1, 2, 3 1,541 1,316 1,251 1,058 -0.66 -0.83 6.2% 54 6.7% 45 0.1
Slide 23: Back-Up: Relevant Bonds
Preliminary 06 | Back-up and Fact Sheets 2024 - FY 2025 Back-Up RELEVANT BONDS Issuer Continental AG Continental AG Continental AG Continental AG Continental AG Continental AG Continental AG Current rating (issuer) BBB (S&P1), BBB (Fitch2), Baa2 (Moody’s3) Issue Senior Notes Principal amount €750 mn
Slide 24: Fact Sheets 2024 – 2025
Preliminary Fact Sheets 2024 – 2025 24 Public
Slide 25: Fact Sheets: Sales and Adjusted EBIT by Quarter
Preliminary 06 | Back-up and Fact Sheets 2024 - FY 2025 Fact Sheets IFRS 5 – NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS APPLIED SALES AND ADJUSTED EBIT1,2 BY QUARTER 2024 2025 2024 2025 Sales in € millions adj. EBIT¹ in € millions Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year
Slide 26: Fact Sheets: EBITDA and EBIT by Quarter
Preliminary 06 | Back-up and Fact Sheets 2024 - FY 2025 Fact Sheets IFRS 5 – NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS APPLIED EBITDA AND EBIT1 BY QUARTER 2024 2025 2024 2025 EBITDA in € millions EBIT in € millions Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Yea
Slide 27: Fact Sheets: Reported and Adjusted FY 2025 Results
Preliminary 06 | Back-up and Fact Sheets 2024 - FY 2025 Fact Sheets IFRS 5 – NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS APPLIED REPORTED AND ADJUSTED FY 2025 RESULTS € millions Tires ContiTech Other/ Hold./ Cons. Group FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025
Slide 28: Calendar
Preliminary 06 | Back-up and Fact Sheets 2024 - FY 2025 Calendar FINANCIAL CALENDAR AND UPCOMING INVESTOR MEETINGS 2026 › Roadshow FY 2025 (CFO) March 5/6, London Full-Year Results March 4, 2026 › Best of Barclays Corporate Days Annual Shareholders’ Meeting April 30, 2026 March 18, Zurich › Best of
Slide 29: Contact
Preliminary 06 | Back-up and Fact Sheets 2024 - FY 2025 Contact INVESTOR RELATIONS Continental-Plaza 1 Max Westmeyer Jana Maddison 30175 Hanover | Germany Head of Investor Relations Assistant to the Head of IR, e-mail: ir@conti.de phone: +49 511 938 13650 Roadshow and Conference fax: +49 511 938 108
Slide 30: References
Preliminary 06 | Back-up and Fact Sheets 2024 - FY 2025 References USEFUL LINKS TO CONTINENTAL WEBSITES Investor Relations Investor Relations Capital Market Day Capital Market Day 2025 Latest Presentations Presentations Events Events Finance Calendar Finance Calendar Sustainability Sustainability In