Schaeffler Ag · XETR:SHA0
Schaeffler — J.P. Morgan European Automotive Conference 2024
21 slides from Schaeffler's conference presentation, Jun 4, 2024
Slide 1: Schaeffler AG – Division Automotive Technologies
E-Mobility Chassis Systems Schaeffler AG – Division Engine & Automotive Technologies Transmission Matthias Zink CEO Automotive Technologies Division J.P. Morgan European Automotive Conference June 4, 2024 Copyright Schaeffler AG, 2024 – All rights reserved. |
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: Where we stand, Where we play, How we win, How we create value
1 Where we stand 2 Where we play 3 How we win 4 How we create value June 4, 2024 Schaeffler | J.P. Morgan European Automotive Conference
Slide 4: Automotive Bearings became part of division Bearings & Industrial Solutions from 2024 onwards
1 WHERE WE STAND Automotive Bearings became part of division Bearings & Industrial Solutions from 2024 onwards Division Automotive Technologies 2024 Division Bearings & Where we stand in 2024 Industrial Solutions • Division Automotive Technologies: Focusing on 3 Business Divisions in 2024 Powertrain
Slide 5: Q1 2024 Automotive Technologies – Slight sales growth, EBIT margin improving
1 WHERE WE STAND Q1 2024 Automotive Technologies1 – Slight sales growth, EBIT margin4 improving Key Aspects Sales EBIT4 in EUR mn in EUR mn E-Mobility continues growth path in Europe and Americas, +6 mn double-digit growth2 in Chassis +0.8%2 Systems 93 93 1,778 1,770 87 Strong Q1 EBIT margin of 5.3%
Slide 6: Q1 2024 Automotive Technologies – Slight sales growth, driven by New Business
1 WHERE WE STAND Q1 2024 Automotive Technologies1 – Slight sales growth, driven by New Business We delivered what we promised and heading We adopted our business stringently to consolidated towards break-even Powertrain-specific volumes from customer side and realized synergies E-Mobility Engine & T
Slide 7: Q1 2024 Automotive Technologies – Strong Q1 order intake of EUR 1.5 bn in E-Mobility
1 WHERE WE STAND Q1 2024 Automotive Technologies – Strong Q1 order intake of EUR 1.5 bn in E-Mobility Order Intake1,2 Key aspects in EUR bn Thereof 3.2 5.0 5.1 1.5 E-Mobility New OEM nominations for E-Motor and Inverter in our 10.5 strongly growing global 9.5 E-Mobility Heavy Duty Business 8.2 H2 4.
Slide 8: Where we play
1 Where we stand 2 Where we play 3 How we win 4 How we create value June 4, 2024 Schaeffler | J.P. Morgan European Automotive Conference
Slide 9: Market & Customers – Open technology approach remains key on the road to electrification
2 WHERE WE PLAY Market & Customers – Open technology approach remains key on the road to electrification Vision Powertrain ICE HEV xEV Global Light Vehicle Production Despite declining ICE, majority 20% 10% of the global car park still based on ICE Technology 50% 30% 40% Hybrid technology supposed t
Slide 10: Our customer landscape covers established Vehicle Manufacturers as well as New Players
2 WHERE WE PLAY Our customer landscape covers established Vehicle Manufacturers as well as New Players Europe New Players Vehicle Manufacturers 1 4 1 2 Americas Greater 3 4 China Recognized non- 2 1 1 New Entrants automotive Traditional, EV only, 3 e. g. with new 2 brands well with both ICE and EV w
Slide 11: How we win
1 Where we stand 2 Where we play 3 How we win 4 How we create value June 4, 2024 Schaeffler | J.P. Morgan European Automotive Conference
Slide 12: Our product portfolio covers high quality components for all customer needs and the Aftermarket Business
3 HOW WE WIN Our product portfolio covers high quality components for all customer needs and the Aftermarket Business Customers consolidate volumes for high quality components Dedicated hybrid engines still require technology updates In 2030 approximately over 85% of global car park still have an IC
Slide 13: We convince our customers with innovation power – Engine & Transmission Systems
3 HOW WE WIN We convince our customers with innovation power and competencies from component up to vehicle level 1 Leading supplier of Traditional OEMs valve train components with a comprehensive product portfolio 1 Profitable business due to low validation effort and high vertical integration Power
Slide 14: We convince our customers with innovation power – E-Mobility
3 HOW WE WIN We convince our customers with innovation power and competencies from component up to vehicle level 1 Modular and Traditional OEMs scalable Heavy Duty e-Motor & Inverter technology ensure long-term profitability 1 1 First standalone nomination for inverter Powertrain-specific High power
Slide 15: We convince our customers with innovation power – Chassis Systems
3 HOW WE WIN We convince our customers with innovation power and competencies from component up to vehicle level 1 2 3 Traditional OEMs & EV only and well Ball Screw Drives Rear-wheel steering financed New Players with high for best First rear-wheel performance density maneuverability, steering syst
Slide 16: How we create value
1 Where we stand 2 Where we play 3 How we win 4 How we create value June 4, 2024 Schaeffler | J.P. Morgan European Automotive Conference
Slide 17: Automotive Technologies transformation – How we fund our own growth and create value
4 HOW WE CREATE VALUE Automotive Technologies transformation – How we fund our own growth and create value Mature Business Order Intake2 FY 2021 - 2023 New Business Products for Products for Powertrain Powertrain Electrified ICE and HEV agnostic1 products agnostic1 products Powertrains 40% EV HEV Pr
Slide 18: Conclusion – We conquer leadership positions for Powertrains and Chassis applications
4 HOW WE CREATE VALUE Conclusion – We conquer leadership positions for Powertrains and Chassis applications 1 Where we stand – Strong EBIT margin in mature and strong Order Intake in new business as proof point for our successful strategy 2 Where we play – Supporting our customers with our open tech
Slide 19: Backup
June 4, 2024 Schaeffler | J.P. Morgan European Automotive Conference Copyright Schaeffler AG, 2024 – All rights reserved. |
Slide 20: FY 2024 Guidance – Confirmed for all metrics
BACKUP FY 2024 Guidance – Confirmed for all metrics FY 2024 Guidance1 KEY ASPECTS • In transition year 2024 we will only guide Schaeffler Group on Group level • FY 2024 Group Guidance is based on: FY 2023 Q1 2024 FY 2024 − Vitesco accounted for „at equity“ from Actuals Actuals Guidance1 acquisition
Slide 21: Transition year 2024 – Schaeffler transitory operating model and reporting
BACKUP Transition year 2024 – Schaeffler transitory operating model and reporting Adjusted comparative figures 2023 Key Aspects • Automotive Aftermarket and Automotive Technologies in EUR mn Bearings & Industrial Solutions in EUR mn Industrial divisions are renamed Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 2
Schaeffler — J.P. Morgan European Automotive Conference 2024 on 6ix