Slide 1: Q1 2024 Results
Q1 2024 Results Hanover – May 8, 2024 Ticker: CON ADR-Ticker: CTTAY http://www.continental-ir.com Katja Garcia Vila – CFO
Slide 2: Agenda
Agenda 1 Group Highlights 2 Automotive 3 Tires 4 ContiTech 5 Cash Flow 6 2024 Outlook Back-up and Fact Sheets 2023 – Q1 2024 Q1 2024 Results © Continental AG Public May 8, 2024 2 Internal
Slide 3: Group Highlights: Most Important KPIs for Q1 2024
1 | Group Highlights Most Important KPIs for Q1 2024 Q1 2023 Q1 2024 Executive Summary Sales €10.3 bn €9.8 bn › Negative organic growth -3.3% due to weak markets at the beginning of the Adjusted EBIT1 €574 mn €196 mn year Adjusted EBIT1 margin 5.6% 2.0% PPA2 -€31 mn -€28 mn › FX remain a burden in a
Slide 4: Group Highlights Q1 2024 – Sales and Adjusted EBIT
1 | Group Highlights Q1 2024 – Sales and Adjusted EBIT Sales (€ mn) Adjusted EBIT1 (€ mn) Automotive Tires ContiTech Contract Automotive Tires ContiTech Contract Manufacturing Manufacturing -2.4% 5,015 4,813 -1.9% 13.4% 3,463 11.7% 3,290 -5.4% 461 386 6.5% 0.8% 5.4% 6.2% 1,731 1,647 -4.3% 0.9% -48.2
Slide 5: Automotive Q1 2024 – Sales and Adjusted EBIT
2 | Automotive Q1 2024 – Sales and Adjusted EBIT Sales1, 2 (€ mn) Adjusted EBIT3 (€ mn) Sales 5,015 -2.4% › Sales impact from FX: -1.6% 4,813 AM 829 +4.3% › Negative volume development mainly driven by 847 weak European market, delayed ramp-ups and unfavorable product mix AN 1,106 +3.9% › Significan
Slide 6: Automotive: Regional Production vs. Sales Growth in Q1 24
2 | Automotive Regional Production vs. Sales Growth in Q1 2024 Europe1 North America1 China1 Worldwide1 ∆ Y-o-Y in % ∆ Y-o-Y in % ∆ Y-o-Y in % ∆ Y-o-Y in % 4% ~ -1%pt 1% 0% -1% -2% -2% -2% -3% Europe: share of sales1 North America: share of sales1 China: share of sales1 PC< production weighted Q1
Slide 7: Automotive Q1 2024 – Order Intake of €4.6 bn Lifetime Sales
2 | Automotive Q1 2024 – Order Intake of €4.6 bn Lifetime Sales Order Intake Q1 20241 (€ bn) Highlights Autonomous Mobility: €1.9 bn › Next generation of surround radars for a North American customer 0.8 Architecture and Networking: €1.6 bn 1.9 › Continental smart device-based access and start solut
Slide 8: Tires Q1 2024 – Sales and Adjusted EBIT
3 | Tires Q1 2024 – Sales and Adjusted EBIT Sales (€ mn) Adjusted EBIT1 (€ mn) Sales › Impact from FX: -2.5% 3,463 -1.9% 13.4% › Volumes: -1.6%, mainly due to weak OE and 3,290 continuing muted truck markets, particularly in 461 11.7% Europe 386 › Price/mix: -0.3%, negative effect from cost indexati
Slide 9: ContiTech Q1 2024 – Sales and Adjusted EBIT
4 | ContiTech Q1 2024 – Sales and Adjusted EBIT Sales (€ mn) Adjusted EBIT1 (€ mn) Sales › Impact from FX: -1.0% 1,731 -5.4% 6.5% › Demand significantly down in both industrial 1,647 113 and automotive businesses, especially in 5.4% Europe 88 Adjusted EBIT1 › Negative volumes, particularly in indust
Slide 10: Cash Flow: Adjusted Free Cash Flow Operationally Improved
5 | Cash Flow Adjusted Free Cash Flow Operationally Improved Cash Flow Q1 2024 (€ mn) Operating Investing1 Adjusted Free Cash Flow1 Operating Cash Flow › Weaker operational result › Improvements in working capital › Extraordinary burden of around €500 mn from reacquisition of ContiTech AG shares -35
Slide 11: 2024 Outlook – Main Markets
6 | 2024 Outlook – Main Markets Vehicle Production Replacement Tires1 Industrial Production Passenger Cars & Light Trucks Q1 2024 2024E Q1 2024 2024E Q1 2024 2024E Europe -3% -3% to -1% +1% 0% to +3% Eurozone -3.1% -2% to 0% North America +1% 0% to +2% +7% 0% to +3% USA -0.3% -1% to +1% China +4% +1
Slide 12: 2024 Outlook Confirmed
6 | 2024 Outlook Confirmed 2024E Continental Group consolidated sales Around €41.0 bn – €44.0 bn Adj. EBIT1 margin Around 6.0% – 7.0% Automotive sales Around €20.0 bn – €22.0 bn Adj. EBIT1 margin Around 3.0% – 4.0% Tires sales Around €14.0 bn – €15.0 bn Adj. EBIT1 margin Around 13.0% – 14.0% ContiTe
Slide 13: Thank you!
hemlet a a eed Thank you! aon a
Slide 14: Disclaimer
Disclaimer › This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the Analyst and Investor Call on May 8, 2024, and the subsequent analyst and investor meetings. It has not been independently verified. It does not constitute an offer, invitation or recommen
Slide 15: Back-up
Back-up Q1 2024 Results © Continental AG Public May 8, 2024 15 Internal
Slide 16: Capex, Depreciation and Earnings per Share – Q1 2024
Back-up Capex, Depreciation and Earnings per Share – Q1 2024 Capex, Depreciation and PPA1 (€ mn) EPS excl. PPA1, 2 (€) 509 515 429 432 -0.16 -0.27 4.2% 4.4% 0.11 31 28 EPS reported PPA 1 per share after tax 2 EPS excl. PPA1, 2 Q1 2023 Q1 2024 ■ Capex (PPE & software), percentage of sales | ■ Depreci
Slide 17: Relevant Bonds
Back-up Relevant Bonds Conti-Gummi Finance Issuer Continental AG Continental AG Continental AG Continental AG Continental AG B.V., Netherlands1 Issue Senior Notes Principal €625 mn €600 mn €750 mn €500 mn €625 mn €750 mn amount Offering price 99.589% 99.802% 98.791% 99.658% 100.000% 99.445% Baa2 (Mo
Slide 18: Fact Sheets 2023 – Q1 2024
Fact Sheets 2023 – Q1 2024 Q1 2024 Results © Continental AG Public May 8, 2024 18 Internal
Slide 19: Sales and Adjusted EBIT by Quarter
Fact Sheets Sales and Adjusted EBIT1 by Quarter 1 Before amortization of intangibles from PPA, changes in the scope of consolidation and special effects. Q1 2024 Results © Continental AG Public May 8, 2024 19 Internal
Slide 20: EBITDA and EBIT by Quarter
Fact Sheets EBITDA and EBIT by Quarter Q1 2024 Results © Continental AG Public May 8, 2024 20 Internal
Slide 21: Reported and Adjusted Q1 2024 Results
Fact Sheets Reported and Adjusted Q1 2024 Results 1 Before amortization of intangibles from PPA, changes in the scope of consolidation and special effects. Q1 2024 Results © Continental AG Public May 8, 2024 21 Internal
Slide 22: Financial Calendar and Upcoming Investor Meetings
Continental Financial Calendar and Upcoming Investor Meetings 2024 Upcoming Roadshows and Conferences Full-Year Results March 7, 2024 › Q1 2024 Roadshow (CFO) Annual Shareholders’ Meeting April 26, 2024 › May 9-10, London › Citi Auto Field Trip (CFO) Q1 Quarterly Statement May 8, 2024 › May 15, virt
Slide 23: References
References Useful Links to Continental Websites Investor Relations Investor Relations Capital Market Day 2023 Capital Market Day 2023 Latest Presentations Presentations Events Events Sustainability Sustainability 2023 Integrated Sustainability Report Integrated Sustainability Report 2023 Corporate G
Slide 24: Contact
Contact Investor Relations Continental-Plaza 1 e-mail: ir@conti.de 30175 Hanover fax: +49 511 938 1080 Rachel Arellano phone: +49 511 938 10478 Germany www.continental-ir.com Analysts and Institutional Investors e-mail: rachel.arellano@continental.com Andrea Kraft phone: +49 511 938 1880 Analysts an