Schaeffler Ag · XETR:SHA0

Schaeffler — Schaeffler Ag Ord — FY 2025 Earnings Presentation

41 slides from Schaeffler's earnings presentation, Mar 3, 2026

  1. Slide 1: FY 2025 Schaeffler AG earnings

    FY 2025 Schaeffler AG earnings March 3, 2026 Herzogenaurach Copyright Schaeffler AG, 2026 – Alle Rechte vorbehalten. |

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements. The words “anticipate”, This presentation is intended to provide a general overview of Schaeffler Group’s “assume”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “project”, “should” business and does not purport to deal wi

  3. Slide 3: Overview, Business Performance, Financial Performance, Outlook

    1 1 Overview Overview 2 2 Business Performance Business Performance 3 3 Financial Performance Financial Performance 4 4 Outlook Outlook

  4. Slide 4: Summary FY 2025 – Resilient performance in an increasingly volatile and challenging environment

    1 OVERVIEW Summary FY 2025 – Resilient performance in an increasingly volatile and challenging environment 1 2 3 4 5 Sales growth1 FY Gross margin FY EBIT margin3 FY Free Cash Flow4 FY Dividend proposal6 -0.6% 19.9% 2 4.0% EUR 266 mn EUR 0.30 FY 2025: EUR 23,492 mn FY 2024: 19.1% FY 2024: 3.5% FY 20

  5. Slide 5: Schaeffler Group FY 2025 – Highlights and lowlights

    1 OVERVIEW Schaeffler Group FY 2025 – Highlights and lowlights Resilience of Core Business Geopolitical risks Three hedges logic paying off – Diversification in Ongoing geopolitical tensions are continuously powertrain technologies, strong VLS business and leading to a highly complex environment for

  6. Slide 6: FY 2025 Guidance – Achieved on all metrics, overachieved for Free Cash Flow

    1 OVERVIEW FY 2025 Guidance – Achieved on all metrics, overachieved for Free Cash Flow1 Powertrain Vehicle Lifetime Bearings & Schaeffler Group E-Mobility & Chassis Solutions Industrial Solutions Sales 23.0 to 25.0 5.0 to 5.5 9.0 to 9.5 3.0 to 3.25 6.0 to 6.75 in EUR bn 2025: 23.5 2025: 5.0 2025: 8.

  7. Slide 7: Business Performance

    1 1 Overview Overview 2 2 Business Performance Business Performance 3 3 Financial Performance Financial Performance 4 4 Outlook Outlook

  8. Slide 8: FY Sales growth – Stable development, strong regional setup paying off

    2 BUSINESS PERFORMANCE FY Sales growth1 – Stable development, strong regional setup paying off Hedge 1: ICE vs. BEV Powertrain & Vehicle Bearings & E-Mobility Chassis Lifetime Industrial Solutions Solutions FY 2025 1 % of Group Region sales2 21% 38% 13% 27% growth Europe 46% +8.6% -11.4% +4.2% +0.8%

  9. Slide 9: OEM Auto Powertrain – Outperformance in BEV, strong order intake in BEV and HEV

    2 BUSINESS PERFORMANCE OEM Auto Powertrain1 – Outperformance in BEV, strong order intake in BEV and HEV Outperformance by Powertrain Type2 Order Intake4/ Book-to-Bill5 by Powertrain Type FY 2025 vs FY 2024 FY 2025 Sales growth3 Market growth Outperformance Sales Order Intake Book-to-Bill BEV 42.0% 2

  10. Slide 10: E-Mobility – Good sales growth and strong order intake, further gross margin improvement

    2 BUSINESS PERFORMANCE E-Mobility – Good sales growth1 and strong order intake, further gross margin improvement Highlight Q4 Sales growth1 FY Order Intake2 FY • 48V electric drive for European Premium OEM, enabled by strong combined +7.0% EUR 9.3 bn competencies in mechanics & electronics • Power e

  11. Slide 11: Powertrain & Chassis – Positive gross margin development, despite lower sales

    2 BUSINESS PERFORMANCE Powertrain & Chassis – Positive gross margin development, despite lower sales1 and portfolio decisions Highlight Q4 Sales growth1 FY Order Intake2 FY • Hydraulic Cam Phasing System order for a leading OEM in South-East Asia, -5.2% EUR 8.6 bn former competitors´ business • Scha

  12. Slide 12: Vehicle Lifetime Solutions – Continued growth, strong gross margin

    2 BUSINESS PERFORMANCE Vehicle Lifetime Solutions – Continued growth1, strong gross margin Highlight Q4 Sales growth1 FY Outperformance2 FY • Global launch of seven new product categories – Diesel and gasoline injectors, high-pressure +5.0% +2.6pp pumps, several actuators and sensors • Additional pr

  13. Slide 13: Bearings & Industrial Solutions – Positive sales growth, further room for improvement

    2 BUSINESS PERFORMANCE Bearings & Industrial Solutions – Positive sales growth1, further room for improvement Highlight Q4 Sales growth1 FY Outperformance2 FY • Global Aerospace customer generating significant order intake for ball bearings +0.7% -0.5pp • Complementary maintenance, repair and overha

  14. Slide 14: New Growth – Expansion into new areas such as Humanoids, Defense and Space

    2 BUSINESS PERFORMANCE New Growth – Expansion into new areas such as Humanoids, Defense and Space Humanoids Defense Space • Schaeffler supplies key components for • Schaeffler as an integrated systems partner • Space sector with increasing strategic humanoid robots, e.g. innovative actuators for lan

  15. Slide 15: Performance Improvement Program – Implementation faster than expected

    2 BUSINESS PERFORMANCE Performance Improvement Program – Implementation faster than expected ∆ EBIT1,2 in EUR mn 815 Key Aspects • EBIT impact of EUR 815 mn p.a. from merger synergies1 285 and additional structural measures2 committed 31 • One-time cost impact3 of EUR 1,080 mn until 2028, thereof EU

  16. Slide 16: Capital allocation – Strict capital allocation and further reduction of Capital Employed

    2 BUSINESS PERFORMANCE Capital allocation – Strict capital allocation and further reduction of Capital Employed Capex FY 2025 Reinvestment in EUR mn Rate1 FY 2025 Capex FY Reinvestment Rate1 FY E-Mob 428 1.0x EUR 974 mn 0.6x PTC 263 0.4x VLS 43 0.5x FY 2024: EUR 1,460 mn FY 2024: 1.1x B&IS 227 0.5x

  17. Slide 17: Financial Performance

    1 1 Overview Overview 2 2 Business Performance Business Performance 3 3 Financial Performance Financial Performance 4 4 Outlook Outlook

  18. Slide 18: Sales and Gross Profit – Stable sales development, strong operational performance

    3 FINANCIAL PERFORMANCE Sales and Gross Profit – Stable sales development, strong operational performance Sales Gross Profit Bridge and margin FY 2024 vs. FY 2025 in EUR mn in EUR mn +281 -0.6%1 24,313 +72 -153 23,492 +33 0 4,673 4,643 -35 -168 Gross Price Volume Mix Production Other costs FX effect

  19. Slide 19: EBIT margin – Structural YoY improvement driven by E-Mobility and B&IS

    3 FINANCIAL PERFORMANCE EBIT margin1 – Structural YoY improvement driven by E-Mobility and B&IS EBIT1 EBIT1 Bridge and margin FY 2024 vs. FY 2025 in EUR mn in EUR mn +198 +0.5pp +101 936 -62 936 842 -49 842 -94 EBIT FY 24 Gross Profit R&D expenses SG&A Others, incl. FX3 EBIT FY 25 excl. FX2 expenses

  20. Slide 20: E-Mobility – Scale up despite challenging environment, EBIT margin improvement on track

    3 FINANCIAL PERFORMANCE E-Mobility – Scale up despite challenging environment, EBIT margin2 improvement on track Sales EBIT2 Sales by business division FY in EUR mn in EUR mn yoy growth1 Electric Drives +7.0%1 +6.1pp Mechatronics & Modules +13.3% 5,015 -5.2% 15% 4,816 -22.1% -16.0% 31% Controls 54%

  21. Slide 21: Powertrain & Chassis – Sales decline mainly driven by Europe, double-digit EBIT margin confirmed

    3 FINANCIAL PERFORMANCE Powertrain & Chassis – Sales1 decline mainly driven by Europe, double-digit EBIT margin2 confirmed Sales EBIT2 Sales by business division FY in EUR mn in EUR mn yoy growth1 Chassis Systems -5.2%1 -0.9pp 4% -9.6% 9,656 1,101 8,900 933 42% Powertrain Solutions -9.2% 54% Engine

  22. Slide 22: Vehicle Lifetime Solutions – Sales growth in all business divisions

    3 FINANCIAL PERFORMANCE Vehicle Lifetime Solutions – Sales growth1 in all business divisions allows for a continued robust EBIT margin2 Sales EBIT2 Sales by business division FY3 in EUR mn in EUR mn yoy growth1 +5.0%1 +0.0pp Specialty Business 2,961 3,038 440 450 +2.9% 26% Platform Business Repair &

  23. Slide 23: Bearings & Industrial Solutions – Strong growth in Aerospace Bearings

    3 FINANCIAL PERFORMANCE Bearings & Industrial Solutions – Strong growth1 in Aerospace Bearings, EBIT margin2 structurally improved Sales EBIT2 Sales by business division FY in EUR mn in EUR mn yoy growth1 +0.8pp Linear Motion Aerospace Bearings +0.7%1 6,525 475 +0.4% 6% 6% +23.5% 6,368 435 40% Autom

  24. Slide 24: Net Income – Negatively impacted by special items

    3 FINANCIAL PERFORMANCE Net Income1 – Negatively impacted by special items Reported Net Income and EPS1 Net Income1 Bridge FY 2025 in EUR mn in EUR mn 295 +208 mn -315 -372 -32 -424 EBIT Reported FY 25 Financial result Income taxes Non-controlling Net Income FY 25 interests -0.45 -424 Key Aspects •

  25. Slide 25: Free Cash Flow – FCF improves by almost EUR 1 bn

    3 FINANCIAL PERFORMANCE Free Cash Flow1 – FCF improves by almost EUR 1 bn through improved performance and capital allocation Free Cash Flow before M&A1 FCF Bridge FY 2025 in EUR mn in EUR mn 2,071 +960 -246 266 -974 -246 +111 266 -450 EBITDA FY 25 ∆ Net Working Capex Net Interest Taxes Others FCF F

  26. Slide 26: Debt Profile – Strong liquidity, leverage ratio improves to 2.1x

    3 FINANCIAL PERFORMANCE Debt Profile – Continued strong available liquidity position, Leverage ratio1 improves to 2.1x Reported net financial debt and Leverage ratio1 Maturity Profile Schaeffler Group as of December 31st in EUR mn in EUR mn 5,255 1,452 1,572 5,013 5,108 76 1,357 4,920 4,812 4,834 4,

  27. Slide 27: Dividend – Increase to EUR 30 cent per share proposed

    3 FINANCIAL PERFORMANCE Dividend – Increase to EUR 30 cent per share proposed1 Dividend payment absolute and per share Dividend payout in EUR mn and EUR in EUR mn 1,437 mn +47 283 328 295 295 283 236 236 2021 2022 2023 2024 20251 0.25 0.30 Key Aspects • Strong underlying Free Cash Flow of EUR 503 mn

  28. Slide 28: Outlook

    1 1 Overview Overview 2 2 Business Performance Business Performance 3 3 Financial Performance Financial Performance 4 4 Outlook Outlook

  29. Slide 29: FY 2026 Guidance – On our way to achieving Mid-Term Targets 2028

    4 OUTLOOK FY 2026 Guidance – On our way to achieving Mid-Term Targets 2028 Powertrain Vehicle Lifetime Bearings & Schaeffler Group E-Mobility & Chassis Solutions Industrial Solutions Sales 22.5 to 24.5 5.2 to 5.8 8.0 to 8.6 3.1 to 3.3 6.2 to 6.7 in EUR bn 2025: 23.5 2025: 5.0 2025: 8.9 2025: 3.0 202

  30. Slide 30: Top CEO Priorities 2026 – Improve performance and capture new growth opportunities

    4 OUTLOOK Top CEO Priorities 2026 – Improve performance and capture new growth opportunities Becoming the leading 1 Motion Technology Further closing the gap to EBIT breakeven in Company E-Mobility, while delivering the orderbook 2 Securing business performance by continuous self-help measures and p

  31. Slide 31: Outlook – Financial calendar

    4 OUTLOOK Outlook – Financial calendar Financial calendar and selected IR events 2026 Mar 3 FY 2025 Earnings Release Mar 4 Analyst Breakfast and Citi Roadshow – London Mar 10 Evercore ISI´s Annual Industrial Conference – New York Mar 24 J.P. Morgan Auto Field Trip – Virtual Mar 26 Jefferies Pan-Euro

  32. Slide 32: Backup

  33. Slide 33: Ancillary comments 2026 – Additional KPIs and parameter

    BACKUP Ancillary comments 2026 – Additional KPIs and parameter Additional KPIs FY 2026 Comments Reinvestment Rate Slightly below 1.0 Focus on investments in new business and innovation & technology Restructuring cash-out incl. Around EUR 350 mn Significant portion due to structural measures integrat

  34. Slide 34: Market assumptions 2026

    BACKUP Market assumptions 2026 Global LVP1 Global and regional LV Parc2 Global and regional Industrial Production3 4.1% 4.6% 24.7 92.9 92.6 World World 23.1 2.4% 2.6% 22.9 1.6% 1.8% 1.3% 22.3 0.9% Q1 Q2 Q3 Q4 2025 2026e S&P Europe Americas Greater China Asia/Pacific Europe Americas Greater China Asi

  35. Slide 35: OEM Auto Powertrain – Outperformance and strong order intake in HEV

    BACKUP OEM Auto Powertrain1 – Outperformance and strong order intake in HEV Outperformance by Powertrain Type2 Order Intake4/ Book-to-Bill5 by Powertrain Type Q4 2025 vs Q4 2024 Q4 2025 Sales growth3 Market growth Outperformance Sales Order Intake Book-to-Bill BEV 30.4% 19.6% +10.8pp BEV 449 mn 402

  36. Slide 36: E-Mobility – Scale up despite challenging environment, EBIT margin improvement on track

    BACKUP E-Mobility – Scale up despite challenging environment, EBIT margin2 improvement on track Sales EBIT2 Sales by business division Q4 in EUR mn in EUR mn yoy growth1 +4.7%1 +9.1pp 1,283 1,310 -20.9% -11.8% Electric Drives Mechatronics & Modules +3.1% +4.0% 15% 33% -22.9% -155 Controls 52% +5.9%

  37. Slide 37: Powertrain & Chassis – Sales decline mainly driven by Europe, EBIT margin lower yoy

    BACKUP Powertrain & Chassis – Sales1 decline mainly driven by Europe, EBIT margin2 lower yoy Sales EBIT2 Sales by business division Q4 in EUR mn in EUR mn yoy growth1 -1.3%1 -1.5pp 2,278 228 2,159 183 Chassis Systems 5% -5.3% 40% Powertrain Solutions -3.8% 55% Engine & Transmission Systems +1.0% 10.

  38. Slide 38: Vehicle Lifetime Solutions – Good sales growth allows for robust EBIT margin

    BACKUP Vehicle Lifetime Solutions – Good sales growth1 allows for a continued robust EBIT margin2 Sales EBIT2 Sales by business division Q43 in EUR mn in EUR mn yoy growth1 +5.1%1 +0.8pp 735 101 715 93 Specialty Business +2.5% 25% Platform Business 6% Repair & Maintenance Solutions +19.2% 69% +5.0%

  39. Slide 39: Bearings & Industrial Solutions – Strong growth in Aerospace Bearings

    BACKUP Bearings & Industrial Solutions – Strong growth1 in Aerospace Bearings, EBIT margin2 structurally improved Sales EBIT2 Sales by business division Q4 in EUR mn in EUR mn yoy growth1 +3.3%1 +1.7pp 1,585 1,557 93 Linear Motion Aerospace Bearings 68 +1.7% 6% 6% +14.5% 40% Automotive Bearings 48%

  40. Slide 40: Key figures 2025 by division

    BACKUP Key figures 2025 by division Group Q1 25 Q2 25 Q3 25 Q4 25 FY 25 VLS Q1 25 Q2 25 Q3 25 Q4 25 FY 25 in EUR mn in EUR mn Sales 5,924 5,922 5,826 5,820 23,492 Sales 783 780 740 735 3,038 Sales growth1 -2.9% -2.2% +1.3% +1.6% -0.6% Sales growth1 +10.7% +2.3% +2.3% +5.1% +5.0% EBIT2 276 205 264 19

  41. Slide 41: Overview corporate and financing structure

    BACKUP Overview corporate and financing structure Financing structure as of December 31, 2025 IHO Verwaltungs GmbH Corporate structure (simplified) as of December 31, 2025 A Debt instrument Nominal Nominal Interest Maturity Rating USD mn EUR1 mn Fitch/Moody’s/S&P Loans RCF (EUR 1,000 mn) - 100 E+3.7

Schaeffler Ag Ord — FY 2025 Earnings Presentation on 6ix