Slide 1: Conference Call on Today's Release
CONFERENCE CALL ON TODAY’S RELEASE THOMAS JESSULAT, CEO OCTOBER 7, 2024 Presentation | September 2024
Slide 2: Summary
SUMMARY AD-HOC ANNOUNCEMENT • Agreement on divestment of two subsidiaries in Buford, GA, (USA) and Sevelen (CH) signed today with Certina Group • Closing expected for Q4 2024 • Impairments in the mid to high double-digit million euro range relating to reclassification according to IFRS 5 • Revised F
Slide 3: Strategic Rationale Behind Transaction
STRATEGIC RATIONALE BEHIND TRANSACTION Expected global LV production in million units 97.9 90.5 88.7 77.2 15% 6% 42% 13% 22% • Due to prevailing electrification, significant 31% investments required to remain competitive, 81% 63% All- & Fuel-Cell Electric particularly on European and North American
Slide 4: Product Transformation Sustainability
#1 PRODUCT #2 SUSTAINABILITY #3 PERFORMANCE & #4 DIGITAL #5 CORPORATE TRANSFORMATION PROCESS EXCELLENCE TRANSFORMATION CULTURE 4 Presentation | September 2024
Slide 5: Transforming the OE Segment
#1 TRANSFORMING THE OE SEGMENT Free Cashflow Years Classical business New business Generating Inducing earnings and cash start-up losses Portfolio Limitations regarding profitability and cash generation Non-core revenues Previously discontinued: production location in Germany, ICE Engineering
Slide 6: Financial Implications of Transaction
FINANCIAL IMPLICATIONS OF TRANSACTION GROUP SALES ADJUSTED EBIT MARGIN IN FY 2023, THE DIVESTED BUSINESS OVERALL, TRANSACTION IS EXPECTED TO GENERATED SALES OF AROUND EUR 175M BE MARGIN ACCRETIVE IN THE MID-TERM IMPAIRMENT IN FY 2024 STAFF NON-CASH IMPAIRMENT IN THE MID TO BY DEC 31, 2023, AROUND 65
Slide 7: Adjustment of FY Guidance
ADJUSTMENT OF FY GUIDANCE FY 2023 FY 2024e actual previous updated Slight In organic terms slightly Revenue 1.85 bEUR organic growth below previous year’s level Adjusted EBIT Margin 5.4% Approx. 5% of revenue Operating Free Cash Flow 2.0% Approx. 2% of revenue Slightly positive Significantly below R
Slide 8: Let's Shape the Future.
LET‘S SHAPE THE FUTURE. Presentation | September 2024
Slide 9: 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