Slide 1: Continental Prepares Spin-off of Automotive Group Sector
Continental Prepares Spin-off of Automotive Group Sector August 5, 2024 www.continental-ir.com
Slide 2: Separation and 100% spin-off of Automotive Group Sector
Separation and 100% spin-off of Automotive Group Sector Creation of two fully independent and listed companies Crystallizing value Continental Investor Relations © Continental AG Public August 5, 2024 2 Internal
Slide 3: What is Our Objective?
What is Our Objective? Give Automotive Group full entrepreneurial freedom… … allowing to best respond to increasingly dynamic industry transformation Combining a strong foundation with strategic flexibility… … to execute on its vision, accelerate transformation and crystallize value Strong and viabl
Slide 4: Transaction Overview
Transaction Overview 100% Spin-off of Automotive Group 100% spin-off of Automotive Group Sector into independent, publicly traded company Listing of Automotive Group targeted by the end of 2025 on the Frankfurt Stock Exchange Automotive Group expected to qualify for MDAX No investment needed from sh
Slide 5: Creating Two Fully Independent Listed Companies
Creating Two Fully Independent Listed Companies Today After Automotive Group Separation1 Continental Shareholders Continental Shareholders 100% 100% 100% Automotive Group Tires Automotive Tires Automotive incl. Contract Contract ContiTech ContiTech Manufacturing Manufacturing €41.4bn ~200k Frankfurt
Slide 6: Separation as Logical Response to Crystallize Value
Separation as Logical Response to Crystallize Value Challenges in the Automotive Sector Changing market with low predictability… Automotive Group needs more agility… …regulatory changes, demand fluctuation P …with clear accountability and partnership opportunities Industry undergoing transformation…
Slide 7: Automotive Group: Spin-off as Catalyst
Automotive Group: Spin-off as Catalyst Strong Foundation Clear Vision for Future Growth Sales1 ’23A Attractive growth Lead: Perfectly positioned to lead the transition €20.3bn opportunities towards software-defined vehicles Adj. EBIT1, 2 ’23A Strong improve- 1.9% ments targeted Focus: Strict portfol
Slide 8: Automotive Spin-off as Additional Catalyst
Automotive Spin-off as Additional Catalyst Significant Strong Progress Focus on Next Steps Restructuring ~ ¾ of pricing negotiations successfully finalized Improve material costs via design-to-cost measures Operating leverage Focus on COEMs: increased resilience in China ✓ Increase share of business
Slide 9: New Continental's Setup – Two Leading Businesses
New Continental’s Setup – Two Leading Businesses Tires: ContiTech: Resilient Leader Material Solution Powerhouse Tires ContiTech Well established leader in premium, high- Focus on industrial businesses with large performance and specialty tires addressable markets and high growth Best-in-class value
Slide 10: Timeline and Next Steps
Timeline and Next Steps Board decision on Announcement new Continental Shareholder approval Capital markets day Listing on Frankfurt to start spin-off structure and to be obtained at AGM for spin-off Stock Exchange preparation spin-off after April 25, 2025 planned post AGM 2025 targeted by end of 20
Slide 11: Further Updates will Follow Soon
Further Updates will Follow Soon We are just starting this journey... … with more details to be clarified and to come We are convinced this is the logical next step… …which will unlock Continental’s full potential Continental Investor Relations © Continental AG Public August 5, 2024 11 Internal
Slide 12: Summary
Creation of two strong, independent, and listed players – robust and agile Summary Full focus on execution and performance Target to unlock the embedded potential of Continental AG Continental Investor Relations © Continental AG Public August 5, 2024 12 Internal
Slide 13: Internal
Internal
Slide 14: Disclaimer
Disclaimer This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the investor call on August 5, 2024, and the subsequent analyst and investor meetings. It has not been independently verified. This presentation as well as remarks/comments and explanations in
Slide 15: Contact
Contact Investor Relations Continental-Plaza 1 e-mail: ir@conti.de 30175 Hanover fax: +49 511 938 1080 Germany www.continental-ir.com Rachel Arellano phone: +49 511 938 10478 Analysts and Institutional Investors e-mail: rachel.arellano@continental.com Max Westmeyer phone: +49 511 938 13650 Andrea Kr