Schaeffler Ag · XETR:SHA0
Schaeffler — Conference call on pro forma 2024 figures
19 slides from Schaeffler's conference presentation, Apr 3, 2025
Slide 1: Pro forma 2024
Pro forma 2024 Schaeffler AG April 3, 2025 Herzogenaurach Copyright Schaeffler AG, 2025 – Alle Rechte vorbehalten. |
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: Overview
1 1 Overview Overview 2 Pro forma 2024 3 Refinancing 4 Outlook
Slide 4: Schaeffler Group – Pro forma 2024
1 OVERVIEW Schaeffler Group – Pro forma 2024 Key messages Sales pro forma 2024 1 Procedure – Unaudited pro forma figures to display the new Schaeffler reporting structure for the last fiscal year 2024, incl. full consolidation of Vitesco EUR 24,313 mn 2 Sales – Pro forma sales indicating an overall
Slide 5: Schaeffler reporting structure going forward – divisions plus Others from Jan 1, 2025
1 OVERVIEW Schaeffler reporting structure going forward – 4 divisions plus Others from Jan 1, 2025 Vitesco activities allocated to new segments 1 2 3 4 Divisions Powertrain & Vehicle Lifetime Bearings & E-Mobility Others Chassis Solutions Industrial Solutions Business Engine & Repair & Selected Star
Slide 6: Sales and EBIT bsi – Quarters
2 PRO FORMA 2024 Sales and EBIT bsi1 – Quarters Additional divisional details see Backup 1 Group Q1 24 Q2 24 Q3 24 Q4 24 FY 24 VLS Q1 24 Q2 24 Q3 24 Q4 24 FY 24 in EUR mn in EUR mn Sales 6,141 6,280 5,947 5,944 24,313 Sales 717 788 741 715 2,961 EBIT bsi1 287 244 206 105 842 EBIT bsi1 114 129 104 93
Slide 7: Free Cash Flow – Quarterly breakdown
2 PRO FORMA 2024 Free Cash Flow – Quarterly breakdown Pro forma Free Cash Flow before M&A Key Aspects in EUR mn One-off Vitesco payments in 2024 include the following items 266 266 • Q1: Payments related to Contract Manufacturing business (EUR 90 mn) 12 • Q2: Payments related to Contract Manufacturi
Slide 8: Pro forma 2024 and Guidance 2025 – Margin improvement potential in E-Mobility division
2 PRO FORMA 2024 Pro forma 2024 and Guidance 2025 – Margin improvement potential in E-Mobility division Group E-Mob PTC VLS B&IS Pro forma Guidance Pro forma Guidance Pro forma Guidance Pro forma Guidance Pro forma Guidance 2024 FY 2025 2024 FY 2025 2024 FY 2025 2024 FY 2025 2024 FY 2025 23,000 5,00
Slide 9: Refinancing 2025 completed – Balanced maturity profile, strong liquidity
3 REFINANCING Refinancing 2025 completed – Balanced maturity profile, strong liquidity Additional refinancing details see Backup 2 Pro-forma maturity profile Schaeffler AG1 Key Aspects as of April 1, 2025 in EUR mn Bonds Schuldschein Loans EUR 1.15 bn dual-tranche EUR corporate bonds successfully Te
Slide 10: Our next chapter – Creating the leading Motion Technology Company
4 OUTLOOK Our next chapter – Creating the leading Motion Technology Company Financial calendar and selected IR events 2025 Apr 10 Q1 2025 pre-close call Apr 24 AGM May 7 Q1 2025 earnings release May 19/20 BNP EV and Mobility Conference – Hongkong May 28 DB European Champions Conference – Frankfurt J
Slide 11: Thank you
Thank you Investor Relations Contact Phone +49 9132 82-4440 Email ir@schaeffler.com Web www.schaeffler.com/ir Copyright Schaeffler AG, 2025 – Alle Rechte vorbehalten. |
Slide 12: Copyright Schaeffler AG, 2025 – Alle Rechte vorbehalten. |
Copyright Schaeffler AG, 2025 – Alle Rechte vorbehalten. |
Slide 13: Pro forma details – Group
BACKUP 1 Pro forma details – Group Q1 24 Q2 24 Q3 24 Q4 24 FY 24 in EUR mn Sales 6,141 6,280 5,947 5,944 24,313 Cost of sales -4,845 -5,080 -4,811 -4,935 -19,670 Gross profit 1,297 1,200 1,136 1,010 4,643 Gross profit margin 21.1% 19.1% 19.1% 17.0% 19.1% R&D expenses -372 -399 -383 -375 -1,529 R&D r
Slide 14: Pro forma details – E-Mobility
BACKUP 1 Pro forma details – E-Mobility Q1 24 Q2 24 Q3 24 Q4 24 FY 24 in EUR mn Sales 1,089 1,179 1,266 1,283 4,816 Cost of sales -1,135 -1,138 -1,221 -1,257 -4,752 Gross profit -46 41 45 25 65 Gross profit margin -4.2% 3.4% 3.5% 2.0% 1.3% R&D expenses -182 -209 -188 -188 -767 R&D ratio -16.7% -17.7
Slide 15: Pro forma details – Powertrain & Chassis
BACKUP 1 Pro forma details – Powertrain & Chassis Q1 24 Q2 24 Q3 24 Q4 24 FY 24 in EUR mn Sales 2,588 2,515 2,275 2,278 9,656 Cost of sales -1,993 -1,940 -1,768 -1,802 -7,502 Gross profit 595 576 507 476 2,154 Gross profit margin 23.0% 22.9% 22.3% 20.9% 22.3% R&D expenses -122 -121 -127 -119 -489 R&
Slide 16: Pro forma details – Vehicle Lifetime Solutions
BACKUP 1 Pro forma details – Vehicle Lifetime Solutions Q1 24 Q2 24 Q3 24 Q4 24 FY 24 in EUR mn Sales 717 788 741 715 2,961 Cost of sales -478 -537 -511 -504 -2,030 Gross profit 238 251 230 211 930 Gross profit margin 33.3% 31.9% 31.1% 29.5% 31.4% R&D expenses -7 -8 -9 -8 -33 R&D ratio -1.0% -1.1% -
Slide 17: Pro forma details – Bearings & Industrial Solutions
BACKUP 1 Pro forma details – Bearings & Industrial Solutions Q1 24 Q2 24 Q3 24 Q4 24 FY 24 in EUR mn Sales 1,662 1,679 1,599 1,585 6,525 Cost of sales -1,142 -1,340 -1,242 -1,285 -5,009 Gross profit 521 339 356 300 1,516 Gross profit margin 31.3% 20.2% 22.3% 18.9% 23.2% R&D expenses -53 -54 -52 -52
Slide 18: Pro forma details – Others
BACKUP 1 Pro forma details – Others Q1 24 Q2 24 Q3 24 Q4 24 FY 24 in EUR mn Sales 86 118 67 84 355 Cost of sales -97 -125 -69 -86 -377 Gross profit -12 -6 -2 -3 -22 Gross profit margin -13.5% -5.2% -2.7% -3.1% -6.3% R&D expenses -7 -7 -8 -8 -29 R&D ratio -7.9% -6.2% -11.2% -9.4% -8.3% Selling expens
Slide 19: Refinancing 2025 completed – Balanced maturity profile, strong liquidity
BACKUP 2 Refinancing 2025 completed – Balanced maturity profile, strong liquidity Pro-forma financing structure of Schaeffler AG as of April 1, 2025 Schaeffler AG Debt instrument1 Nominal Interest Maturity Rating EUR mn Fitch/Moody’s/S&P Loans RCF (EUR 3,000 mn) - E+0.750% Oct-29 Not rated Term Loan
Schaeffler — Conference call on pro forma 2024 figures on 6ix