Elringklinger Ag · XETR:ZIL2
Elringklinger — Investor Presentation (December 2025)
52 slides from Elringklinger's investor presentation, December 2025
Slide 1: ElringKlinger – A Successful Transformation Story
ELRINGKLINGER – A SUCCESSFUL TRANSFORMATION STORY DECEMBER 2025
Slide 2: ElringKlinger at a Glance
01 ELRINGKLINGER AT A GLANCE 1 December 2025
Slide 3: Group Structural Overview
GROUP STRUCTURAL OVERVIEW ORIGINAL EQUIPMENT AFTERMARKET 74% of Group sales Sales: Employees: 1,335 mEUR around 7,750 19% of Group sales Sales: 336 mEUR Employees: around 350 LIGHTWEIGHTING/ METAL SEALING SYSTEMS & METAL FORMING & ELASTOMER TECHNOLOGY DRIVETRAIN COMPONENTS ASSEMBLY TECHNOLOGY ENGINE
Slide 4: Group Highlights
GROUP HIGHLIGHTS 1.8 bEUR sales with rising E-Mobility share in future 40+ locations worldwide form a strong network 522 mEUR operating free cash flow generated over the past 6 years 0t Net financial debt considerably reduced by >400 mEUR over the past 5 years – thus, net debt to EBITDA** at low
Slide 5: Group Strategy
02 GROUP STRATEGY 4 December 2025
Slide 6: Purpose Vision Mission
PURPOSE VISION MISSION PIONEERING THE PREFERRED SHAPING THE FUTURE OF ELRINGKLINGER ON INNOVATIVE PARTNER IN THE BASIS OF TECHNOLOGIES DRIVING #1 PRODUCT TRANSFORMATION FOR A SUSTAINABLE INNOVATIVE #2 SUSTAINABILITY FUTURE. TECHNOLOGIES. #3 PROCESS AND PERFORMANCE EXCELLENCE #4 DIGITAL TRANSFORMATIO
Slide 7: Product Transformation, Sustainability and other strategic fields
#1 PRODUCT #2 SUSTAINABILITY #3 PERFORMANCE & #4 DIGITAL #5 CORPORATE TRANSFORMATION PROCESS EXCELLENCE TRANSFORMATION CULTURE 6 Besuch Manuel Hagel (CDU-Fraktionsvorsitzender) 04.12.2025
Slide 8: Main Regions Expected to Develop Differently
CHALLENGING ENVIRONMENT MAIN REGIONS EXPECTED TO DEVELOP DIFFERENTLY… Global LV production by main region – in million units or % +6.4% 32.0 32.4 30.1 15% 24.8 -1.8% -2.0% 29% 17.2 16.9 17.4 16.5 15.9 15.4 15.1 23% 13.0 79% 44% 73% 37% 85% 56% 38% 21% 40% 9% 11% 19% 12% 4% 6% 2021 2024 2025e 2030e 2
Slide 9: Trend Towards E-Mobility Is Unabated
CHALLENGING ENVIRONMENT …BUT THE TREND TOWARDS E-MOBILITY IS UNABATED Global LV production – in million units or % CAGR +1.2% -0.4% 95.4 96.4 97.6 98.9 89.6 91.4 91.0 92.7 93.4 31% ICE 63% Hybrid 35% All- & Fuel-Cell Electric 22% 34% 15% 2024 2025e 2026e 2027e 2028e 2029e 2030e 2031e 2032e ~70% of l
Slide 10: Strong Portfolio for Future Technologies
PRODUCTS STRONG PORTFOLIO FOR FUTURE TECHNOLOGIES Lightweighting Fuel cell Battery ICE components Drive technology components technology technology Higher temperature and/ Less weight Higher range Alternative technology Alternative technology Alternative technology or higher pressure (ICE) (ICE) (HE
Slide 11: Innovative Products Based on Core Competencies
PRODUCTS INNOVATIVE PRODUCTS BASED ON CORE COMPETENCIES Coating, stamping, embossing Material Prozess Injection knowledge + know-how + molding Metal forming 10 December 2025
Slide 12: SHAPE30 – Geared to Deliver Mid-Term Targets
GROUP STRATEGY SHAPE30 – GEARED TO DELIVER MID-TERM TARGETS SHAPE30 SHAPING THE PROFILE PREPARING FOR GROWTH TERMINATING DIVESTING CONSOLIDATING NON-PERFORMING CAPEX-INTENSIVE GLOBAL FOOTPRINT RAMPING-UP DISCIPLINED CAPEX PRODUCT GROUPS BUSINESS SEVERAL LARGE-SCALE SPENDING FOR RAMP-UP OF E-MOBILITY
Slide 13: Delivering Mid-Term on Profitability Target in OE Segment
GROUP DELIVERING MID-TERM ON PROFITABILITY TARGET IN OE SEGMENT ORIGINAL EQUIPMENT Cost savings of 50 mEUR in total will enhance profitability level of LIGHTWEIGHTING/ METAL SEALING SYSTEMS & METAL FORMING & OE segment ELASTOMER TECHNOLOGY DRIVETRAIN COMPONENTS ASSEMBLY TECHNOLOGY Strict cost and ca
Slide 14: Preparing for Growth Cycle
GROUP STRATEGY PREPARING FOR GROWTH CYCLE E-MOBILITY SALES DISCIPLINED CAPEX ESTABLISHING COMPETENCE ALREADY INCREASING SPENDING FOR RAMP-UP OF CENTERS FOR FUTURE LARGE-SCALE ORDERS TECHNOLOGIES E-Mobility sales – in mEUR Capex – in mEUR 108 102 69 71 48 5.7 6.0 NEUFFEN (D) 42 3.9 3.9 2.4 2.6 2022 2
Slide 15: Improving Financial Figures in the Medium Term
GROUP STRATEGY IMPROVING FINANCIAL FIGURES IN THE MEDIUM TERM DELIVERED ON PROFITABILITY AND SOLID CASH GUIDANCE IN 2024 FINANCIAL SITUATION Guidance Actual New syndicated loan covering a period of 5 years ~ 5% 4.9 % ✓ EBIT margin at standard market terms (adjusted) in March 2025 Operating free cash
Slide 16: Financial Figures
03 FINANCIAL FIGURES 15 December 2025
Slide 17: E-Mobility Sales Doubled, Sales Growth in Europe
GROUP FINANCIALS FY 2024 E-MOBILITY SALES DOUBLED, SALES GROWTH IN EUROPE Sales by business unit – in % of Group sales Sales by region – in % of Group sales 1,803 1,847 <1% 1,847 Others 1,803 <1% 7% 7% Engineered Plastics 5% South America & 6% Rest of World 16% 17% 15% Asia-Pacific 19% Aftermarket 3
Slide 18: Broadly Diversified Customer Base
GROUP FINANCIALS FY 2024 BROADLY DIVERSIFIED CUSTOMER BASE Sales by customer – in % of Group sales American OEMs 7% 16% (19%) 5% 4% Other 31% (29%) 7% 1,803 6% German OEMs mEUR 17% (18%) 4% Aftermarket 4% 19% (16%) Tier 1 2% European OEMs 12% (12%) 6% (6%) 17 December 2025
Slide 19: Robust Earnings on Operating Level
GROUP FINANCIALS FY 2024 ROBUST EARNINGS ON OPERATING LEVEL (Adjusted) EBITDA – in mEUR EBIT adjusted – in mEUR Earnings per share – in EUR (Adjusted) EBITDA margin – in % of Group sales Adjusted EBIT-margin – in % of Group sales Dividend per share – in EUR -28% -13% +13% 200.3 197.1 100.1 0.70 0.62
Slide 20: Higher Capex for Ramp-Up of E-Mobility Orders
GROUP FINANCIALS FY 2024 HIGHER CAPEX FOR RAMP-UP OF E-MOBILITY ORDERS R&D expenses – in mEUR Net working capital – in mEUR Capex – in mEUR R&D ratio – in % of Group sales Net working capital ratio – in % of Group sales Capex ratio – in % of Group sales -0.8% +52% -26% 96.0 95.3 454.7 466.3 108.3 91
Slide 21: Net Debt on 13-Years-Low
GROUP FINANCIALS FY 2024 NET DEBT ON 13-YEARS-LOW Operating free cash flow – in mEUR Net financial debt – in mEUR Equity – in mEUR Net financial debt to EBITDA (adjusted) Equity ratio – in % of total assets +59% -25% 58.4 364.2 -24% 910.7 896.8 323.2 685.3 245.9 45.3 36.7 43.8 39.0 14.8 3.2 2.1 1.6
Slide 22: Successful Growth Strategy in Aftermarket Continues
GROUP FINANCIALS FY 2024 SUCCESSFUL GROWTH STRATEGY IN AFTERMARKET CONTINUES Segmental sales – in mEUR Adjusted EBIT margin - in % of segmental sales -5.4% +12% 1,411 1,412 1,335 336.3 300.1 250.9 Original 24.0 22.9 20.1 Aftermarket 0.0 Equipment (OE) 0.7 -0.1 2022 2023 2024 2022 2023 2024 -2% 132.6
Slide 23: Solid Order Book Despite Tough Environment
QUARTERLY FINANCIALS Q3 2025 SOLID ORDER BOOK DESPITE TOUGH ENVIRONMENT Order intake – in mEUR Order backlog – in mEUR -14% -3% 136 1,159 1,188 467 1,112 21 1,040 37 417 296 460 1,154 421 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 2024 2025 2024 2025 Divested entities 22 December 2025
Slide 24: Organic Sales Growing Year-to-Date
QUARTERLY FINANCIALS Q3 2025 ORGANIC SALES GROWING YEAR-TO-DATE Sales – in mEUR Sales – in mEUR LV production – in million units +4.4% Organic: -0.6 % 440.8 -10% 22.6 21.6 -8.5 34.1 36.0 -34.1 +1.2% -2.8 395.5 3.7 3.8 406.7 416.0 423.1 408.3 395.5 -3.6% (-0.6%) 1.0 1.0 Q3 FX M&A organic Q3 Q3 Q4 Q1
Slide 25: Adjusted EBIT Margin Tracking Well
QUARTERLY FINANCIALS Q3 2025 ADJUSTED EBIT MARGIN TRACKING WELL Adjusted EBITDA – in mEUR Adjusted EBIT – in mEUR Adjusted EBIT bridge – in mEUR Adjusted EBITDA margin – in % of sales Adjusted EBIT margin – in % of sales -20% -8% 51.4 50.2 24.2 23.0 -1.1 45.6 21.2 41.9 20.5 41.1 4.0 -2.0 18.0 23.0 1
Slide 26: Net Working Capital Improved Again
QUARTERLY FINANCIALS Q3 2025 NET WORKING CAPITAL IMPROVED AGAIN R&D expenses (incl. capitalized R&D) – in mEUR Net working capital – in mEUR Capex – in mEUR R&D ratio – in % of sales Net working capital ratio – in % of sales Capex ratio – in % of sales -2% -23% +49% 24.9 503 50.1 24.0 23.5 22.0 454
Slide 27: Double-Digit Operating Free Cash Flow Generated
QUARTERLY FINANCIALS Q3 2025 DOUBLE-DIGIT OPERATING FREE CASH FLOW GENERATED Operating free cash flow – in mEUR Net financial debt – in mEUR Equity – in mEUR Net financial debt to EBITDA (adjusted) Equity ratio – in % of total assets +11% -24% 82,9 389 856 370 375 350 685 688 659 653 246 18,3 23,8 1
Slide 28: Engineered Plastics Increased Profitability
QUARTERLY FINANCIALS Q3 2025 ENGINEERED PLASTICS INCREASED PROFITABILITY Sales – in mEUR Adjusted EBIT margin* - in % of segmental sales -19% +13% 323 345 36 282 102.0 95.4 96.1 34 277 262 84.9 76.2 1.0 Original 289 309 Aftermarket -0.8 Equipment (OE) 22.5 23.7 -3.0 19.1 18.0 -0.1 0.7 18.7 Q3 Q4 Q1
Slide 29: Markets & Outlook
04 MARKETS & OUTLOOK 28 December 2025
Slide 30: Our Agenda for Q4 2025 and Upcoming Quarters
OUTLOOK OUR AGENDA FOR Q4 2025 AND UPCOMING QUARTERS Entering sales cycle Ensuring future-oriented product Continuing raised level of E-Mobility portfolio sales Weak Q4 on global markets to be expected, Ramping-up further contracts FY2026 more or less globally sideways Net Debt to EBITDA rat
Slide 31: Global Markets for FY2025 Mainly Driven by China
MARKETS GLOBAL MARKETS FOR FY2025 MAINLY BE DRIVEN BY CHINA Expected LV production* – in million units North America Europe Greater China +6.5% -2.0% -1.8% -4.8% 32.0 31.7 -1.9% 30.1 -4.0% 15.4 17.2 16.9 16.8 15.1 14.7 9.5 9.1 4.3 4.3 3.6 3.5 Q4 Q4 2024 2025e 2026e Q4 Q4 2024 2025e 2026e Q4 Q4 2024
Slide 32: Outlook Confirmed
GROUP STRATEGY OUTLOOK CONFIRMED FY 2025 MID-TERM ACTUAL 2024 On prior-year level Sales Moderate organic growth 1.644 bEUR* in organic terms* Adjusted EBIT margin Approx. 5% of sales Approx. 7 to 8% of sales 4.9% Operating free cash flow Approx. 1 to 3% of sales Approx. 2 to 4% of sales 3.2% ROCE ad
Slide 33: The ElringKlinger Difference
THE ELRINGKLINGER DIFFERENCE With our strong technological orientation, we pioneer innovative solutions. We will leverage our strong ICE market position and capture the growth potential of attractive future markets. Our evolved product portfolio will be further developed and brought into market. We
Slide 34: Appendix
05 APPENDIX 33 December 2025
Slide 35: Represented in All Relevant Automotive Regions
APPENDIX: GROUP REPRESENTED IN ALL RELEVANT AUTOMOTIVE REGIONS Production locations of global top 15 OEMs ( ) ElringKlinger production sites ( ) Germany UK China Europe/ France Turkey Spain Korea Italy Japan USA/Canada India South-East Asia Mexico South America South Africa 34 December 2025
Slide 36: Senior Management
APPENDIX: GROUP SENIOR MANAGEMENT Thomas Jessulat, CEO Reiner Drews, COO Isabelle Damen, CFO Dirk Willers, CSO 35 December 2025
Slide 37: Product Portfolio
APPENDIX: GROUP PRODUCT PORTFOLIO Metal Sealing Systems & E-Mobility modules Drivetrain Components • Batterie modules • PEM fuel cell stack Metal Forming & Lightweighting/ Assembly Technology Elastomer Technology • Underbody protection • Cross-car beam • Plastic modules (cam cover) 36 December 2025
Slide 38: Key Product Area: Battery Technology
APPENDIX: GROUP KEY PRODUCT AREA: BATTERY TECHNOLOGY CELL-CONTACTING SYSTEM • Extensive technological expertise based on more than a decade of serial production experience • Specific customer solutions for different kind of cell types – cylindrical, pouch, and prismatic cells • Manufactured in fully
Slide 39: Key Product Area: Battery Technology
APPENDIX: GROUP KEY PRODUCT AREA: BATTERY TECHNOLOGY BATTERY MODULE • Due to the immersion cooling concept, the module achieves a high electrical performance under constant temperature without derating. • This power module can be connected in series up to an integrated system voltage of up to 1000 V
Slide 40: Key Product Area: Lightweighting
APPENDIX: GROUP KEY PRODUCT AREA: LIGHTWEIGHTING CROSS-CAR BEAM • Outstanding product characteristics • High level of functional integration • High rigidity with low weight • Fulfilling required crash performance • Unique technology that brings together high-pressure metal forming and plastics injec
Slide 41: Key Product Area: Lightweighting
APPENDIX: GROUP KEY PRODUCT AREA: LIGHTWEIGHTING UNDERBODY PROTECTION • Offering excellent impact behavior as well as high level of thermal insulation for battery systems of electric vehicles • Higher durability resulting in reduced cost for repair and maintenance • Further functional integration ea
Slide 42: Key Product Area: Fuel Cell Technology (EKPO)
APPENDIX: GROUP KEY PRODUCT AREA: FUEL CELL TECHNOLOGY (EKPO) BIPOLAR PLATE • Functional high-precision design tailored to customer needs • Already in production in fully automated process FUEL CELL STACK • Compact design and low weight thanks to uniquely high power density • Automated manufacturing
Slide 43: More Than 140 Years of Experience
APPENDIX: GROUP MORE THAN 140 YEARS OF EXPERIENCE History of ElringKlinger in very brief Shareholder structure as at December 31, 2024 1879 Paul Lechler establishes a merchandising business in Stuttgart efor technical products and gaskets. 1885 Richard Klinger establishes an 1924 The first Lechler c
Slide 44: Financial Calendar
GROUP FINANCIAL CALENDAR Q2 2026 August 2026 4 3 AGM 2026 Q1 2026 May 2026 2 May 2026 Full figures FY 2025 March 2026 1 43 December 2025
Slide 45: Statement of Financial Position
GROUP FINANCIALS STATEMENT OF FINANCIAL POSITION ASSETS Dec. 31, 2024 Dec. 31, 2023 LIABILITIES AND EQUITY Dec. 31, 2024 Dec. 31, 2023 Intangible assets 122,552 168,151 Share capital 63,360 63,360 Property, plant, and equipment 715,129 857,981 Capital reserves 118,238 118,238 Financial assets 11,774
Slide 46: Statement of Cash Flows
GROUP FINANCIALS STATEMENT OF CASH FLOWS 2024 2023 2024 2023 Earnings before taxes -149,989 53,175 Proceeds from non-controlling interests 28,000 26,000 Depreciation/amortization (less write-ups) of non-current 299,406 121,288 Payments to non-controlling interests for the purchase of 0 -400 assets s
Slide 47: Key Group Figures – Last 5 Years
KEY GROUP FIGURES – LAST 5 YEARS 2024 2023 2022 2021 2020 Order intake 1,793 1,691 1,874 1,978 1,483 Order backlog 1,159 1,305 1,462 1,386 1,033 Sales 1,803 1,847 1,798 1,624 1,480 EBITDA 144 200 174 216 182 EBIT adjusted1 88 100 68 102 28 EBIT margin adjusted1 in % 4.9 5.4 3.8 6.3 1.9 EBIT -150 53
Slide 48: Key Segmental Figures – Last 5 Years
KEY SEGMENTAL FIGURES – LAST 5 YEARS 2024 2023 2022 2021 2020 Group Sales 1,803 1,847 1,798 1,624 1,480 Adjusted EBIT 87.6 100.1 68.4 102.0 28 Adjusted EBIT margin in % 4.9 5.4 3.8 6.3 1.9 Original Equipment Sales 1,335 1,412 1,411 1,280 1,186 Adjusted EBIT -1.4 9.9 -1 37 -24 Adjusted EBIT margin in
Slide 49: Key Group Figures – Last 5 Quarters
KEY GROUP FIGURES – LAST 5 QUARTERS Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Order intake 467 296 417 458 481 Order backlog 1,112 1,040 1,152 1,159 1,290 Sales 395 408 423 452 441 EBITDA 25.1 35.8 41.9 -7.7 51.2 EBIT 4.5 6.3 20.0 -161.1 -35.2 EBIT margin in % 1.1 1.6 4.7 -35.6 -8.0 EBIT adjusted 21.2
Slide 50: Key Segmental Figures – Last 5 Quarters
KEY SEGMENTAL FIGURES – LAST 5 QUARTERS Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Group Sales 395 408 423 452 441 Adjusted EBIT 21.2 24.2 20.5 18.0 23.0 Adjusted EBIT margin in % 5.4 5.9 4.9 4.0 5.2 Original Equipment Sales 262 277 282 345 323 Adjusted EBIT -2.1 2.7 -8.6 2.6 -0.3 Adjusted EBIT margin
Slide 51: Investor Relations Contact
APPENDIX: GROUP INVESTOR RELATIONS CONTACT Dr. Jens Winter Heiderose Mall Patrick Perez Vice President Strategic Communications Strategic Communications Strategic Communications Phone: +49 7123 724-88335 Phone : +49 7123 724-463 Phone : +49 7123 724-9594 Mail: jens.winter@elringklinger.com Mail: hei
Slide 52: Disclaimer
DISCLAIMER Forward-looking statements and predictions This presentation contains statements about the future. These statements are based on current expectations, market evaluations and predictions by the Management Board, and on information that is currently available to them. The statements about t
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