Cie Automotive, S.a. · BME:CIE
Cie Automotive — Cie Automotive Sa Ord — FY2025 Earnings Presentation
33 slides from Cie Automotive's earnings presentation, Feb 26, 2026
Slide 1: Earnings Release December 2025
EARNINGS RELEASE December 2025 1
Slide 2: Disclaimer
DISCLAIMER • This document has been prepared by CIE Automotive, S.A. ("CIE Automotive"), and is for information purposes only. No reliance may or should be placed for any purposes whatsoever on the information contained in this document or on its completeness, accuracy or fairness. This document and
Slide 3: CEO's Statement
> \ . CIE Automot G utomotive CEO'S STATEMENT
Slide 4: CEO's Statement
CEO’S STATEMENT Dear all, Financial year closing once again highlights CIE Automotive’s strength in operating with solidity and consistency in an increasingly demanding and rapidly changing global environment. We ended the year with the best results in our history, achieving operating margins that a
Slide 5: December 2025 Results
~~ . CIE Automotive G 11IDECEMBER 2025 RESULTS
Slide 6: Highlights December 2025
1 December 2025 RESULTS HIGHLIGHTS DECEMBER 2025 We close 2025 with the best results in our history, achieved in highly demanding environment PROFITABILITY OPERATING CASH ➢ Management that makes a difference: GENERATION operational efficiency and financial discipline under a constant focus on value
Slide 7: Market Data
1 DECEMBER 2025 RESULTS MARKET DATA Millions of vehicles produced ANNUAL PRODUCTION 88.8 93.1 95.1 94.2 89.0 90.5 89.6 93.0 82.3 74.6 77.2 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: Vehicle Production IHS - Global Light Vehicle Market > Global vehicle production slightly grew in
Slide 8: Market Context
1 DECEMBER 2025 RESULTS MARKET CONTEXT The global automotive market is in a phase of DEEP STRUCTURAL TRANSITION, marked by multiple change drivers that influence both production and demand Although the industry has managed to recover some of the ground lost after the 2020 disruption, it has not yet
Slide 9: Global Performance and in Key Geographies
1 DECEMBER 2025 RESULTS GLOBAL PERFORMANCE AND IN KEY GEOGRAPHIES Sales evolution 2025 vs 2024 N.AMERICA EUROPE BRAZIL INDIA CHINA 16.7% +12.0 p.p. +2.5 p.p. 10.8% -11.8 p.p. 10.0% 8.3% +1.5 p.p. 4.7% +1.6 p.p. -0.7% 1.0% -0.9% -0.5% -1.8% Mercado CIE MARKET* +2.1% +1.7 p.p. Constant Exchange rate S
Slide 10: 2025 Q4 Results
1 DECEMBER 2025 RESULTS 2025 Q4 RESULTS Q4 Q4 €m 2024 2025 Turnover 948.0 984.3 EBITDA 168.7 182.6 % EBITDA / turnover 17.8% 18.6% EBIT 119.1 123.7 % EBIT / turnover 12.6% 12.6% EBT 101.0 113.0 Net income 66.9 69.5 > The results of the final quarter consolidate the solid margin performance, despite
Slide 11: 2025 December Results
1 DECEMBER 2025 RESULTS 2025 DECEMBER RESULTS DECEMBER DECEMBER €m 2024 2025 Turnover 3,960.6 3,958.3 EBITDA 727.9 746.2 % EBITDA / turnover 18.4% 18.9% EBIT 538.4 542.9 % EBIT / turnover 13.6% 13.7% EBT 462.6 490.2 Net income 325.7 335.8 > Record results, driven by exceptional operating margins, we
Slide 12: Geographical Balance
1 DECEMBER 2025 RESULTS GEOGRAPHICAL BALANCE TURNOVER BY GEOGRAPHY EBITDA BY GEOGRAPHY 3,958.3 €m 746.2 €m CHINA CHINA 267.3 53.0 BRAZIL BRAZIL 6.7% 7.1% 433.2 85.9 EUROPE EUROPE 10.9% 11.5% 1,415.2 257.3 35.8% 34.5% INDIA INDIA 668.1 121.5 16.9% 16.3% N.AMERICA N.AMERICA 1,174.5 228.5 29.7% 30.6% D
Slide 13: Geographic Profitability
1 DECEMBER 2025 RESULTS GEOGRAPHIC PROFITABILITY Profitability does not depend on where, but on how... N.America Europe Brazil India China EBITDA 19.5% EBITDA 18.2% EBITDA 19.8% EBITDA 18.2% EBITDA 19.8% EBIT 13.7% EBIT 12.4% EBIT 16.5% EBIT 14.5% EBIT 14.3% CIE AUTOMOTIVE - EBITDA 18.9% - EBIT 13.7
Slide 14: Evolution Making History
1 DECEMBER 2025 RESULTS EVOLUTION MAKING HISTORY CAGR: 6.5% 4.500,0 TURNOVER EBITDA CAGR: 8.7% 3,958.3 4.000,0 17.5% 18.0% 18.3% 18.0% 18.4% 18.9% 20% 3.500,0 800,00 16.6% 16.5% 15.4% 15.9% 15.9% 746.2 3.000,0 700,00 15% 2.500,0 2,106.5 2.000,0 600,00 10% 1.500,0 500,00 1.000,0 05% 400,00 500,0 323.
Slide 15: December 2025 Balance Sheet
2 DECEMBER 2025 BALANCE SHEET 15
Slide 16: December 2025 Balance Sheet
2 DECEMBER 2025 BALANCE SHEET DECEMBER DECEMBER €m 2024 2025 Fixed assets 3,683.9 3,564.3 Net Working Capital (473.8) (490.2) TOTAL NET ASSETS 3,210.1 3,074.1 Equity 1,913.9 1,847.7 Net Financial Debt 1,005.1 912.8 Others (net) 291.1 313.6 TOTAL NET LIABILITIES 3,210.1 3,074.1 Non-recourse factoring
Slide 17: December 2025 Cash Flow
2 DECEMBER 2025 BALANCE SHEET DECEMBER 2025 CASH FLOW €m €m 31/12/2024 31/12/2025 EBITDA 746.2 NFD 1,005.1 912.8 Financial expenses (40.6) Adjusted NFD(*) 987.5 899.2 Maintenance Capex (67.0) Tax Payments (103.2) 1.34X 1.18X DFN/EBITDA(*) IFRS16 Leases(1) (28.9) OPERATING CASH FLOW 506.5 >> Financia
Slide 18: Strong Focus on Cash Generation
2 DECEMBER 2025 BALANCE SHEET STRONG FOCUS ON CASH GENERATION Operating cash generated (€m) 600,0 70.6% 66.7% 66.1% 66.1% 70,0% 65.0% 506.5 500,0 59.0% 463.3 60,0% 447.4 402.8 400,0 367.0 50,0% 300,0 40,0% 239.0 200,0 30,0% 100,0 20,0% 0,0 10,0% 2020 2021 2022 2023 2024 2025 Total generation Strateg
Slide 19: Strengthening Our Financial Position
2 DECEMBER 2025 BALANCE SHEET STRENGTHENING OUR FINANCIAL POSITION Liquidity (€m) 1,497 1,528 1,554 1,733 1,791 1,852 NFD/EBITDA(*) 3.59X 2.37X NFD/Equity 1.60 1.98X 1.02 1.56X 0.86 1.34X 0.68 1.18X 0.53 0.49 -682.1 €m NFD (€m) -43% 1,594.9 -200.0 1,394.9 1,289.8 -105.1 1,134.7 1,005.1 912.8 -155.1
Slide 20: Commitment to Shareholders
2 DECEMBER 2025 BALANCE SHEET COMMITMENT TO SHAREHOLDERS >> Shareholder Remuneration (€m) >> Voluntary Partial Public Tender Offer 2025 * General context • Announcement date: March 20, 2025 107.8 109.6 99.2 • Consideration: in cash 87.2 • Maximum amount: 278.2 €m • Price per share: €24.00 61.3 •Fina
Slide 21: 2025 Goals
~~ . CIE Automotive G 3|2025 GOALS
Slide 22: ESG Commitments Compliance
3 2025 GOALS ESG COMMITMENTS COMPLIANCE Emissions Energy Waste Supply chain Health & Sustainable T CO2e/k€ consumption management % local Safety borrowings kWh/k€ % waste for purchases ISO 45001 recycling Target: -3% annual Target: -2% annual Target 2025: 87.5% Target 2025: >70% Target 2025: 100% Ta
Slide 23: Operational Commitments Compliance
3 2025 GOALS OPERATIONAL COMMITMENTS COMPLIANCE 1 2 3 4 5 Revenue growth An EBITDA over CAPEX Annual income tax Sustained GUIDANCE ≈20 percentage turnover margin ≈ €1 billion payment generation of cash points exceeding over the five-year ≈2% of revenue from operations 2025 above market 19% in 2025 p
Slide 24: Fulfillment of Commitments 2021-2025
3 2025 GOALS FULFILLMENT OF COMMITMENTS 2021-2025 The solid and consistent execution of the Plan since 2021, validated quarter after quarter by our results, allows us to close 2025 having fulfilled all of our established commitments and to conclude the 2021-2025 Plan in a fully satisfactory manner.
Slide 25: Guidance 2026-2027
GUIDANCE 2026-2027 PERIMETER DECEMBER 31, 2025 1 2 3 4 5 TURNOVER MARGINS ESG CASH GENERATION ENDEUDAMIENTO 100% of plants trained in Code of Conduct Focus on attracting and 65% EBITDA Low-mid single-digit Maintain the excellence of retaining talent conversion in F.C.O. Continuing with a outperforma
Slide 26: Guidance 2026-2027
GUIDANCE 2026-2027 PERIMETER DECEMBER 31, 2025 1 2 3 4 5 TURNOVER MARGINS CASH GENERATION DEBT GOVERNANCE 65% EBITDA conversion Low-mid single-digit Maintain the excellence of in F.C.O. NFD/EBITDA <0.7x Training for 100% of our outperformance at operating margins At the end of 2027 plants in our Pro
Slide 27: CIE in Stock Exchange
~~ . CIE Automotive G 4 CIE IN STOCK EXCHANGE
Slide 28: Share Price Performance CIE Automotive
4 CIE IN STOCK EXCHANGE SHARE PRICE PERFORMANCE CIE AUTOMOTIVE ➢ In a complex macroeconomic, geopolitical and sector environment, CIE Automotive continues to deliver excellent results, confirming its resilience and consolidating its position as one of the most profitable companies in the (1) industr
Slide 29: Closing Remarks
~~ . CIE Automotive G 5! CLOSING REMARKS
Slide 30: Closing Remarks
5 CLOSING REMARKS DECEMBER 2025 CLOSING REMARKS >> Exceptional results in a challenging environment >> Balanced profitability at a global level >> Operating cash driving value creation >> Robust balance sheet with continuous improvement >> Strong commitment to shareholders Following the full impleme
Slide 31: Appendix
~~ . CIE Automotive G APPENDIX a1
Slide 32: APMs – Alternative Performance Measurement
APPENDIX APMs – ALTERNATIVE PERFORMANCE MEASUREMENT PERFORMANCE MEASURE DEFINITION EBITDA Net Operating Income + Depreciation Annualized EBITDA of 12 last months including 50% of the EBITDA of Chinese JV SAMAP which, based on the current Adjusted EBITDA agreements with the partner, is consolidated b
Slide 33: CIE Automotive
CIE Automotive