Elringklinger Ag · XETR:ZIL2
Elringklinger — Q2 2025 Earnings Presentation
20 slides from Elringklinger's earnings presentation, Aug 6, 2025
Slide 1: Group Figures on Q2 2025
GROUP FIGURES ON Q2 2025 Thomas Jessulat, CEO Isabelle Damen, CFO August 6, 2025
Slide 2: New CFO Isabelle Damen strengthens leadership team
NEW CFO ISABELLE DAMEN STRENGTHENS LEADERSHIP TEAM PROVEN LEADERSHIP IN CORPORATE POSITIONS • CFO Teijin Aramid • CFO Global Powertrain Sensata Technologies BV EDUCATION • MBA - ESADE Business and Law School Barcelona • Auditing – Amsterdam Business School 1 Conference Call on Q2 2025 Figures August
Slide 3: Q2 2025 Highlights
Q2 2025 HIGHLIGHTS SHAPE30 – THE TRANS- PROGRAM “STREAMLINE” FOR Q2: ADJUSTED EBIT FORMATION STRATEGY OF REDUCING PERSONNEL COSTS MARGIN ON TRACK ELRINGKLINGER GROUP WITH GOOD ACCEPTANCE WITH 5.9% RAMP-UP OF SERIES PRODUCTION ELRINGKLINGER ANNUAL GENERAL IN BATTERY TECHNOLOGY WITH MEETING ELECTS DR.
Slide 4: Group Financials
GROUP FINANCIALS 3 Conference Call on Q2 2025 Figures August 6, 2025
Slide 5: Order book affected by FX and challenging markets
ORDERS ORDER BOOK AFFECTED BY FX AND CHALLENGING MARKETS Order intake – in mEUR Order backlog – in mEUR -17% -19% 136 1,159 1,188 148 21 1,040 37 417 26 296 460 1,101 1,154 421 339 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 2024 2025 2024 2025 Divested entities 4 Conference Call on Q2 2025 Figures August 6, 2025
Slide 6: Organic sales growth stronger than markets
GROUP FINANCIALS Q2 2025 ORGANIC SALES GROWTH STRONGER THAN MARKETS Sales – in mEUR Sales – in mEUR LV production – in million units +2.6% Organic: +4.8 % -8.2% 445 445 22.1 22.7 36 423 408 -14.1 44 34 408 -1.7% -44.1 +21.5 (+4.8%) 4.5 4.4 401 407 416 Q2 FX M&A organic Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q2 Q2 Q2
Slide 7: E-Mobility showing strong growth
GROUP FINANCIALS Q2 2025 E-MOBILITY SHOWING STRONG GROWTH Sales by business unit – in % of sales Sales by region – in % of sales LV production by region* – in million units resp. in % +2.6% 445 445 <1% 7% 408 6% 408 <1% Others 6% 22.1 22.7 9% South America & 19% Engineered Plastics 15% Rest of World
Slide 8: Adjusted EBIT margin on track
GROUP FINANCIALS Q2 2025 ADJUSTED EBIT MARGIN ON TRACK 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 49.8 51.4 50.2 24.2 22.5 23.0 -0.5 45.6 45.0 20.5 18.0 12.3 4.0 -3.0 24.2 1.2 11.2 11.7
Slide 9: High investments for ramp-ups and new US hub
GROUP FINANCIALS Q2 2025 HIGH INVESTMENTS FOR RAMP-UPS AND NEW US HUB 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 +16% -21% -13% 27.7 503 50.1 482 24.9 454
Slide 10: Preparing for growth cycle
CAPEX PREPARING FOR GROWTH CYCLE GOOD PROGRESS IN SETTING UP EXPANSION OF PRODUCTION AREA NEW BATTERY HUB IN EASLEY (USA) IN NEUFFEN (D) NEAR COMPLETION Starting operations Starting production in Q3 2025 in Q3 2025 >50% non-ICE sales by 2030 9 Conference Call on Q2 2025 Figures August 6, 2025
Slide 11: Strong capex reflected in cashflow and net debt
GROUP FINANCIALS Q2 2025 STRONG CAPEX REFLECTED IN CASHFLOW AND NET DEBT 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 +>100% +7% -27% 82,9 370 375 906 350 350 856 685 688 659 246 18,3 23,8
Slide 12: Aftermarket continues to grow
GROUP FINANCIALS Q2 2025 AFTERMARKET CONTINUES TO GROW Sales – in mEUR Adjusted EBIT margin* - in % of segmental sales -16% 345 +13% 328 323 282 102.0 95.4 44 277 84.8 84.9 76.2 1.0 Original 284 0.7 Aftermarket Equipment (OE) 24.2 22.5 23.7 -3.0 19.1 18.7 -0.4 -0.1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 2024
Slide 13: Markets and Outlook
MARKETS AND OUTLOOK 12 Conference Call on Q2 2025 Figures August 6, 2025
Slide 14: Our agenda for H2 2025
OUTLOOK OUR AGENDA FOR H2 2025 Ramp-up of further large-scale orders Analyzing market development Normalizing capex after investment- and assessing product groups intensive period in previous quarters Compared to H1, weaker H2 to be Continuing raised level of expected E-Mobility sales Focusi
Slide 15: Growth in China, decline in Europe & North America
MARKET GROWTH IN CHINA, DECLINE IN EUROPE & NORTH AMERICA Expected LV production* – in million units North America Europe Greater China +3.8% -2.5% -3.9% +10.8% 30.1 31.2 -7.9% -9.7% 17.2 16.7 15.4 14.9 14.8 16.4 8.8 7.9 7.7 7.1 H1 H2e 2024 2025e H1 H2e 2024 2025e H1 H2e 2024 2025e 2025 2025 2025 20
Slide 16: Outlook confirmed
GROUP OUTLOOK CONFIRMED FY 2025 Mid-term Actual FY2024 Revenue Organically on prior-year level* Moderate organic growth 1.644 bEUR Adjusted EBIT Margin Approx. 5% of revenue Approx. 7 to 8% of revenue 4.9 % Operating Free Cash Flow Approx. 1 to 3% of revenue Approx. 2 to 4% of revenue 3.2% ROCE adju
Slide 17: Financial calendar
GROUP FINANCIAL CALENDAR Q1 2026 May 2026 4 3 Full figures FY 2025 Capital Markets Day November 2025 2 March 2026 Q3 2025 November 12, 2025 1 16 Conference Call on Q2 2025 Figures August 6, 2025
Slide 18: Appendix
APPENDIX 17 Conference Call on Q2 2025 Figures August 6, 2025
Slide 19: Contact
ELRINGKLINGER 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: h
Slide 20: 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