Cie Automotive, S.a. · BME:CIE
Cie Automotive — Investor Presentation (September 2026)
45 slides from Cie Automotive's investor presentation, September 2026
Slide 1: Company Presentation
COMPANY PRESENTATION Managing high value-added processes September 2026
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: Index
INDEX WHAT IS 01 03 UPDATE CIE AUTOMOTIVE? • CIE Automotive at a glance ON RESULTS • History • June Results 2026 • Globalization • Balance sheet June 2026 • Business performance • Guidance 2026-2027 • Shareholder’s remuneration OUR BUSINESS MODEL CIE AUTOMOTIVE IN 02 04 • Geographical balance • Comm
Slide 4: 1. What is CIE Automotive?
1. WHAT IS CIE AUTOMOTIVE? • CIE Automotive at a glance • History • Globalization • Business performance • Shareholder’s remuneration
Slide 5: CIE Automotive at a Glance
CIE AUTOMOTIVE AT A GLANCE Highlights CIE AUTOMOTIVE TODAY: MARKET CAP EMPLOYEES ≈3,100 €m ≈28,000 2025 HIGHLIGHTS TURNOVER EBITDA EBIT NET RESULT NFD OPERATING CASH FLOW 3,958 €m 746 €m 543 €m 336 €m 899 €m 71% OVER EBITDA 18.9% OVER SALES 13.7% OVER SALES 8.5% OVER SALES 1.18x EBITDA 1S2026 HIGHLI
Slide 6: History
HISTORY Successfully integrating companies Merger CORP. INDUSTRIAL EGAÑA +AFORASA = CIE Automotive CIE Pemsa Celaya GREENFIELD CIE Legazpi CIE Forjas Minas Creation CIE Unitools CIE Celaya CIE Durametal ACQUISITION CIE Inyectametal CIE Norma CIE Plasfil CIE Matricon INSSEC CIE Udalbide CIE Autometal
Slide 7: Globalization
GLOBALIZATION Expanding our geographical footprint FRANCE R&D 120 MANUFACTURING FACILITIES Machining (Including 3 multi-technology factories) USA GERMANY Roof Systems R&D SPAIN R&D 12 RESEARCH & DEVELOPMENT Machining Headquarters CZECH REPUBLIC CENTRES Plastic R&D Cold Forging Branding Aluminium Die
Slide 8: Business Performance
600 400 500 0 300 200 10 0 70 0 3% 2002 16 2002 481 2003 34 2003 570 6% 6% 2004 EBIT (€m) 42 2004 670 2005 59 2005 782 Note: Automotive business. 8% 8% 2006 73 2006 893 TURNOVER (€m) 9% 2007 90 2007 1,057 CAGR 2002-2025: 17% 2008 10% CAGR 2002-2025: 15% 117 2008 1,158 2009 59 6% 2009 969 8% 2010 112
Slide 9: Shareholder's Remuneration
SHAREHOLDER’S RETRIBUTION Shareholder’s remuneration 4.0 EARNINGS PER SHARE (€) & EPS YIELD (%) 14.0% DIVIDEND PER SHARE (€) & DIVIDEND YIELD (%) CAGR 2016-2025: 9% CAGR 2016-2025: 9% 11.8% 12.0% 3.5 10.6% 10.3% 10.4% 9.4% 2,8 3.0 2.72 9.1% 10.0% 8.8% 2.67 4.5% 2.5 1.5 2.5 4.0% 2.2 2.2 4.0% 6.7% 8.0
Slide 10: Our Business Model
OUR BUSINESS MODEL • Geographical balance • Commercial diversification • Multi-technology • Investment discipline • Decentralized management • ESG integration
Slide 11: The Six Cornerstones of Our Business Model
OUR BUSINESS MODEL THE SIX 1. Geographical balance CORNERSTONES OF OUR BUSINESS 2. Commercial diversification MODEL 3. Multi-technology 4. Investment discipline 5. Decentralized management 6. ESG integration 11
Slide 12: Geographical Balance
GEOGRAPHICAL BALANCE TURNOVER BY EBITDA BY GEOGRAPHY 2025 GEOGRAPHY 2025 TOTAL TOTAL 3,958 €m 746 €m NORTH NORTH CHINA BRAZIL INDIA AMERICA EUROPE EUROPE AMERICA INDIA BRAZIL CHINA 267€m 433€m 668€m 1,175€m 1,415€m 257€m 229€m 121€m 86€m 53€m 6% 11% 17% 30% 36% 35% 31% 16% 11% 7% • Healthy geographi
Slide 13: Commercial Diversification
COMMERCIAL DIVERSIFICATION • Direct sales both to OEMs and Tier 1s (c. 75% - 25%). • Limited dependence on single customer, platform or car model, enabling price defense. • Solvent quotation requests, which allows us investment choice by profitability return criteria. 13
Slide 14: Multi-Technology
MULTI-TECHNOLOGY TURNOVER BY TECHNOLOGY 2025 TOTAL 3,958 €m GEOGRAPHY 2025 TECHNOLOGY BY Metal Stamp. & Tube Forming Roof Systems Die Casting Aluminium Machining Branding Castings Forging Plastic TOTAL Europe(1) 47 16 5 3 7 4 - 6 6 METAL North America 20 6 5 2 2 1 - 2 2 ALUMINIUM STAMPING Brazil 16
Slide 15: Multi-Technology: Turnover by Vehicle Area
MULTI-TECHNOLOGY TURNOVER* BY VEHICLE AREA 2025 (Including 2.5% for EV) (Including 2.5% for EV) STRUCTURAL, INTERIOR & CHASSIS & ENGINE & ICE-SPECIFIC NON-ICE-SPECIFIC EXTERIOR TRIM SUSPENSION GEARBOX DRIVETRAIN COMPONENTS COMPONENTS 35% 24% 22% 19% 19% 81% * Proforma 2025 including CIE Aludec (Bran
Slide 16: Multi-Technology: xEV Share
MULTI-TECHNOLOGY • The electrification pace is completely different by geographies, which allows SHARE 2025 MARKET * CIE Automotive +4p.p. a more gradual evolution of the BEV 10% ≈14% product portfolio to global players like CIE Automotive. • Penetration of xEV in CIE Automotive’s portfolio and sale
Slide 17: Multi-Technology: ICE Powertrain and Vehicle Electrification
MULTI-TECHNOLOGY ICE Powertrain & Gearbox Vehicle Electrification BATTERY CHARGER BRACKET PISTONS CAMSHAFT TUBE GASOLINE BATTERY BATTERY HOUSING BATTERY BATTERY COVER SUPPORT ALUMINIUM ALUMINIUM BEARINGS ASSEMBLIES COMMON RAIL SUPPORT ALUMINIUM HOUSING STAMPING / STAMPING, MACHINING MACHINING HOUSIN
Slide 18: Multi-Technology: Transmission, Brakes, Chassis, Steering
MULTI-TECHNOLOGY Transmission & Brakes Chassis & Steering & Structural Parts (powertrain agnostic components) (powertrain agnostic components) PINS FOR PLANETARY CARRIER CLUTCH & DIFFERENTIAL STRUCTURAL PARTS BIW EPS MAIN HOUSING STEERING AXLE ARM DIFFERENTIAL CASE MACHINING TRANSMISSION COMPONENTS
Slide 19: Multi-Technology: Interior and Exterior Trim, Branding
MULTI-TECHNOLOGY Interior & Exterior Trim Interior & Exterior Trim - Branding (powertrain agnostic components) (powertrain agnostic components) LETTERINGS EMBLEMS EMBLEMS WITH CAMERA RADAR EMBLEMS STORAGE CENTRAL CONSOLE ASHTRAY TRIM PARTS INJECTION MOULDING/ INJECTION MOULDING/ INJECTION MOULDING/
Slide 20: Multi-Technology: Commercial Vehicles, Roof Systems
MULTI-TECHNOLOGY Commercial Vehicles Roof Systems (powertrain agnostic components) LAY SHAFT INPUT SHAFT AXLE BEAM MANUAL TOP LOADED MANUAL TOP LOADED LATERAL & REAR FORGING FORGING FORGING BRAKE CAMSHAFTS FLUSH WINDOW OUTER SLIDING ROOF SUNSHADE FIXED MODULE SUNSHADES MACHINING MACHINING MACHINING
Slide 21: Investment Discipline
INVESTMENT DISCIPLINE CAPEX • Standard, flexible machinery, valid to produce for different customers and platforms, enabling high saturation of productive capacity. • C.2% over sales recurrent capex that includes maintenance and capacity renovation. STRICT INVESTMENT DISCIPLINE • Investments ≥20% RO
Slide 22: Decentralized Management
DECENTRALIZED MANAGEMENT Focused on value generation Cash Decentralized Decentralized Focus Management Structure management structure focused Local Universal on value generation Orders Entrepreneurs Team Network Services Commitment Support Lean Indirect People Headquarters Productivity Fast Variable
Slide 23: Decentralized Management: Organizational Chart
DECENTRALIZED MANAGEMENT Organizational chart CEO Jesús Mª Herrera Corporate Development Controlling & Taxes Lorea Aristizabal María Miñambres ESG & Compliance Finance & Treasury Susana Molinuevo Irache Pardo Sales Mikel Orbegozo UNITED STATES MEXICO BRAZIL EUROPE INDIA CHINA General Manager General
Slide 24: ESG Integration: Environmental
ESG INTEGRATION Environmental • Inexcusable commitment against the climate emergency. • Aligned with the 2030 agenda and the European Green Deal. • Committed to science-based 1.5ºc and net zero targets. 2033 CIE GHG EMISSIONS REDUCTION TARGETS • CIE Automotive commits to reduce absolute scope 1 and
Slide 25: ESG Integration: Social
ESG INTEGRATION Social E DIVERSE • Gender: 21% female employees, 29% female new hires, 40% female in Steering Committee, 36% female in board of directors. • Age: as a key diversity issue to ensure a healthy composition of our headcount and a proper succession plan. • Diversity committee created in 2
Slide 26: ESG Integration: Governance
ESG INTEGRATION Governance E • Based on principles of transparency and legality. GOVERNANCE POLICIES ESG POLICIES Internal Control over Financial and Non-Financial Reporting ESG • Integrating Governance, Risk management and Control and risk management Sustainable Purchasing Compliance. Corporate gov
Slide 27: ESG Integration: Other Stakeholders
ESG INTEGRATION Other stakeholders E • Maximising ESG-linked financial operations. FINANCIERS • ≈70% of our gross financial debt is linked to ESG criteria. • ESG performance monitored by a third party. • Feedback to key ESG agencies. INVESTORS • ESG-focused meetings with investors. • Annual Report r
Slide 28: ESG Integration: ESG Agencies
ESG INTEGRATION ESG Agencies LATEST RATING PERCENTILE AVAILABLE 68 Solicited, clients’ request. 95 Solicited, clients’ request. 86 Solicited, clients’ request. ESG ADVISORS 47 UNSOLICITED & AGENCIES 94 UNSOLICITED 97 UNSOLICITED 85 UNSOLICITED 65 UNSOLICITED DATA PROVIDERS 69.97/100 70 UNSOLICITED I
Slide 29: Update on Results
UPDATE ON RESULTS • June Results 2026 • Balance Sheet June 2026 • Guidance 2026-2027
Slide 30: Sales Performance 2026 vs 2025 - June
SALES PERFORMANCE 2026 vs 2025 - June +12.8 p.p. +8.5 p.p. 22.9% 22.1% +15.3 p.p. 14.1% 13.6% 10.1% -6.4 p.p. -3.0 p.p. CHINA -0.7% -1.2% -3.4% BRAZIL INDIA -5.3% NORTH EUROPE AMERICA -11.7% Market CIE Market -1.0% +10.3 p.p. At constant exchange rates Source: IHS Vehicle Production June 2026 (6 mon
Slide 31: Q2 Results 2026
Q2 RESULTS 2026 Q2 RESULTS (€m) 2025 2026 Sales 987.2 1,051.5 EBITDA 187.1 200.6 % EBITDA / sales 19.0% 19.1% EBIT 139.6 148.4 % EBIT / sales 14.1% 14.1% EBT 127.9 134.1 Net income 91.8 95.0 Strong execution with profitable growth in a challenging environment, adversely impacted by unfavourable curr
Slide 32: June Results 2026
JUNE RESULTS 2026 JUNE RESULTS (€m) 2025 2026 Sales 2,000.1 2,103.8 EBITDA 379.1 401.1 % EBITDA / sales 19.0% 19.1% EBIT 286.0 300.5 % EBIT / sales 14.3% 14.3% EBT 258.6 268.3 Net income 185.9 191.3 The first half confirms CIE's ability to combine growth and profitability while maintaining exception
Slide 33: Geographical Balance
GEOGRAPHICAL BALANCE SALES EBITDA 2,103.8 €m 401.1 €m 39.9% 39.0% Europe Europe 25.7% 26.4% North America North America 16.8% 15.9% India India 5.6% 5.7% China 12.0% China 13.0% Brazil Brazil 33
Slide 34: Geographical Profitability
GEOGRAPHICAL PROFITABILITY EUROPE EBITDA 18.6% EBIT 13.3% NORTH AMERICA CIE AUTOMOTIVE EBITDA 19.6% EBIT 14.1% CHINA 19.1% 14.3% EBITDA 19.5% EBIT 14.0% EBITDA EBIT BRAZIL INDIA EBITDA 20.6% EBIT 17.4% EBITDA 18.0% EBIT 14.7% Global strength based on local excellence Consistent profitability and bal
Slide 35: Business Performance
BUSINESS PERFORMANCE SALES 2,500.0 (€m) EBITDA (€m) CAGR 2016-2026: 8% 2,103.8 2016-2026: 6% CAGR 2,000.0 18.7% 19.0% 19.1% 520.0 17.9% 19.1% 18.1% 18.5% 20% 17.1% 16.5% 17.1% 401.1 420.0 13.8% 1,500.0 15% 320.0 1,000.0 220.0 10% 500.0 120.0 05% COVID-19 COVID-19 0.0 20.0 2016 2017 2018 2019 2020 20
Slide 36: Balance Sheet June 2026
BALANCE SHEET JUNE 2026 COMPARATIVE BALANCE SHEET (€m) 2025 2026 Fixed assets 3,564.3 3,878.3 Net Working Capital (490.2) (471.7) TOTAL NET ASSETS 3,074.1 3,406.6 Equity 1,847.7 2,082.6 Net Financial Debt 912.8 962.4 Others (net) 313.6 361.6 TOTAL NET LIABILITIES 3,074.1 3,406.6 Non-recourse factori
Slide 37: Financial Position 2026
FINANCIAL POSITION 2026 CASH FLOW JUNE 2026 (€m) Comparative ratios EBITDA 401.1 2025 JUNE 2026 Financial expenses (26.0) NFD 912.8 962.4 Maintenance Capex (31.5) Tax Payments (53.7) Adjusted NFD* 899.2 945.2 IFRS16(1) Leases (14.8) NFD/EBITDA* 1.18X 1.19X OPERATING CASH FLOW 506.5 275.1 % EBITDA(2)
Slide 38: Guidance 2026-2027
GUIDANCE 2026-2027 ORGANIC OPERATIONAL COMMITMENTS 2026-2027 1 2 3 4 5 SALES MARGINS ESG CASH GENERATION Low-mid single-digit Defence of the Code of Conduct training outperformance in excellent profit margins provided at 100% of our EBITDA-to-FFO constant currencies recorded in 2025 factories conver
Slide 39: June 2026 Closing Remarks
JUNE 2026 CLOSING REMARKS Excellent operational execution in a challenging environment Balanced and sustained profitability at both global and local levels Strong operating cash flow generation supporting growth Strengthening of the balance sheet with a well-balanced financial structure Strong commi
Slide 40: CIE Automotive in Stock Exchange
CIE AUTOMOTIVE IN STOCK EXCHANGE • Share price performance • Analysts’ recommendations
Slide 41: Share Price Performance
SHARE PRICE PERFORMANCE The share price closed the first half of the year at €26.7, compared with €29.8 at year-end 2025. After recovering part of the lost ground during April and May, the correction recorded in June brought the share price back to levels (1) similar to those observed at the end of
Slide 42: Analysts' Recommendations
ANALYSTS' RECOMMENDATIONS COMPANY ANALYST RECOMMENDATION PRICE UPDATE Alantra Equities Carlos Torres Hold €33.17 05/2026 Bankinter Esther Gutiérrez Buy €36.60 08/2026 Bestinver Securities Enrique Yáguez Buy €35.65 04/2026 Caixabank BPI Bruno Filipe Bessa Buy €39.50 06/2026 Gaesco Valores Iñigo Recio
Slide 43: Appendix
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Slide 44: APMs – Alternative Performance Measures
APMs – ALTERNATIVE PERFORMANCE MEASURES 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 by the equity
Slide 45: Thank You
CIE Automotive
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