Elringklinger Ag · XETR:ZIL2
Elringklinger — Investor Presentation (September 2025)
46 slides from Elringklinger's investor presentation, September 2025
Slide 1: ElringKlinger – A Successful Transformation Story
ELRINGKLINGER – A SUCCESSFUL TRANSFORMATION STORY SEPTEMBER 2025
Slide 2: ElringKlinger at a Glance
01 ELRINGKLINGER AT A GLANCE 1 September 2025
Slide 3: Group Structural Overview
GROUP STRUCTURAL OVERVIEW Original Equipment Aftermarket 74% Sales: 1,335 mEUR 19% Sales: of Group sales Employees: 336 mEUR around 350 of Group sales Employees: around 7,750 Lightweighting/ Metal Sealing Systems & Metal Forming & Elastomer Technology Drivetrain Components Assembly Technology Engine
Slide 4: Group Highlights
GROUP HIGHLIGHTS 1.8 bEUR sales with rising E-Mobility share in future 40+ locations worldwide form a strong network 522 mEUR operating free cash flow generated over the past 6 years 0t Net financial debt considerably reduced by >400 mEUR over the past 5 years – thus, net debt to EBITDA** at low
Slide 5: Group Strategy
02 GROUP STRATEGY 4 September 2025
Slide 6: Purpose, Vision, Mission
PURPOSE VISION MISSION PIONEERING THE PREFERRED SHAPING THE FUTURE OF ELRINGKLINGER ON INNOVATIVE PARTNER IN THE BASIS OF TECHNOLOGIES DRIVING #1 PRODUCT TRANSFORMATION FOR A SUSTAINABLE INNOVATIVE #2 SUSTAINABILITY FUTURE. TECHNOLOGIES. #3 PROCESS AND PERFORMANCE EXCELLENCE #4 DIGITAL TRANSFORMATIO
Slide 7: Product Transformation, Sustainability, Performance, Digital, Culture
#1 PRODUCT #2 SUSTAINABILITY #3 PERFORMANCE & #4 DIGITAL #5 CORPORATE TRANSFORMATION PROCESS EXCELLENCE TRANSFORMATION CULTURE 6 Besuch Manuel Hagel (CDU-Fraktionsvorsitzender) 29.09.2025
Slide 8: Focus on Growth Markets: E-Mobility
MARKETS FOCUS ON GROWTH MARKETS: E-MOBILITY Expected LV production – in million units NORTH AMERICA EUROPE GREATER CHINA +3.8% -2.5% 31.2 32.1 -3.9% 30.1 17.2 16.7 17.8 24.8 15.4 14.9 15.9 15.9 36% 13.0 6% 14% 12% 54% 8% 21% 21% 40% 9% 11% 4% 19% 38% 23% 36% 37% 79% 30% 85% 73% 73% 43% 48% 41% 23% 1
Slide 9: Focus on Growth Markets: E-Mobility
MARKETS FOCUS ON GROWTH MARKETS: E-MOBILITY CAGR Expected E-mobility LV production – in million units +10% CAGR CAGR +11% +16% +19% +17% 27.1 +9% 13.7 18.4 9.1 9.6 8.8 6.6 11.8 5.7 7.1 7.1 3.6 4.0 6.4 17.4 2.8 3.3 7.1 11.2 1.2 2.4 2023 2025e 2030e 2023 2025e 2030e 2023 2025e 2030e North America Euro
Slide 10: Strong Portfolio for Future Technologies
PRODUCTS STRONG PORTFOLIO FOR FUTURE TECHNOLOGIES Lightweighting Fuel cell Battery ICE components Drive technology components technology technology Higher temperature and/ Less weight Higher range Alternative technology Alternative technology Alternative technology or higher pressure (ICE) (ICE) (HE
Slide 11: Innovative Products Based on Core Competencies
PRODUCTS INNOVATIVE PRODUCTS BASED ON CORE COMPETENCIES Coating, stamping, embossing Material Prozess Injection knowledge + know-how + molding Metal forming 10 September 2025
Slide 12: Strategic Reorientation – Focus on Core Business
GROUP STRATEGY STRATEGIC REORIENTATION – FOCUS ON CORE BUSINESS NAVIGATING THE SHAPING THE PREPARING FOR IMPROVING KEY CHALLENGING BUSINESS MODEL GROWTH CYCLE FINANCIAL FIGURES SITUATION OF IN THE MEDIUM TERM AUTOMOTIVE INDUSTRY Profound Terminating Disciplined capex Basis: Delivered transformation
Slide 13: Shaping the Business Model
GROUP STRATEGY SHAPING THE BUSINESS MODEL TERMINATING DIVESTING CONSOLIDATING NON-PERFORMING CAPEX-INTENSIVE BUSINESS GLOBAL FOOTPRINT PRODUCT GROUPS Discontinuing systems business Disposal of entities Discontinuing operations for electric drive units in Sevelen (CH) at plants in Thale (D), + and Bu
Slide 14: Preparing for Growth Cycle
GROUP STRATEGY PREPARING FOR GROWTH CYCLE E-MOBILITY SALES DISCIPLINED CAPEX ESTABLISHING COMPETENCE ALREADY INCREASING SPENDING FOR RAMP-UP OF CENTERS FOR FUTURE LARGE-SCALE ORDERS TECHNOLOGIES E-Mobility sales – in mEUR Capex – in mEUR 108 102 69 71 48 5.7 6.0 NEUFFEN (D) 42 3.9 3.9 2.4 2.6 2022 2
Slide 15: Improving Financial Figures in the Medium Term
GROUP STRATEGY IMPROVING FINANCIAL FIGURES IN THE MEDIUM TERM DELIVERED ON PROFITABILITY AND SOLID CASH GUIDANCE IN 2024 FINANCIAL SITUATION Guidance Actual New syndicated loan covering a period of 5 years ~ 5% 4.9 % ✓ EBIT margin at standard market terms (adjusted) in March 2025 Operating free cash
Slide 16: Financial Figures
03 FINANCIAL FIGURES 15 September 2025
Slide 17: E-Mobility Sales Doubled, Sales Growth in Europe
GROUP FINANCIALS FY 2024 E-MOBILITY SALES DOUBLED, SALES GROWTH IN EUROPE Sales by business unit – in % of Group sales Sales by region – in % of Group sales 1,803 1,847 <1% 1,847 Others 1,803 <1% 7% 7% Engineered Plastics 5% South America & 6% Rest of World 16% 17% 15% Asia-Pacific 19% Aftermarket 3
Slide 18: Broadly Diversified Customer Base
GROUP FINANCIALS FY 2024 BROADLY DIVERSIFIED CUSTOMER BASE Sales by customer – in % of Group sales American OEMs 7% 16% (19%) 5% 4% Other 31% (29%) 7% 1,803 6% German OEMs mEUR 17% (18%) 4% Aftermarket 4% 19% (16%) Tier 1 2% European OEMs 12% (12%) 6% (6%) 17 September 2025
Slide 19: Robust Earnings on Operating Level
GROUP FINANCIALS FY 2024 ROBUST EARNINGS ON OPERATING LEVEL (Adjusted) EBITDA – in mEUR EBIT adjusted – in mEUR Earnings per share – in EUR (Adjusted) EBITDA margin – in % of Group sales Adjusted EBIT-margin – in % of Group sales Dividend per share – in EUR -28% -13% +13% 200.3 197.1 100.1 0.70 0.62
Slide 20: Higher Capex for Ramp-up of E-Mobility Orders
GROUP FINANCIALS FY 2024 HIGHER CAPEX FOR RAMP-UP OF E-MOBILITY ORDERS R&D expenses – in mEUR Net working capital – in mEUR Capex – in mEUR R&D ratio – in % of Group sales Net working capital ratio – in % of Group sales Capex ratio – in % of Group sales -0.8% +52% -26% 96.0 95.3 454.7 466.3 108.3 91
Slide 21: Net Debt on 13-Years-Low
GROUP FINANCIALS FY 2024 NET DEBT ON 13-YEARS-LOW Operating free cash flow – in mEUR Net financial debt – in mEUR Equity – in mEUR Net financial debt to EBITDA (adjusted) Equity ratio – in % of total assets +59% -25% 58.4 364.2 -24% 910.7 896.8 323.2 685.3 245.9 45.3 36.7 43.8 39.0 14.8 3.2 2.1 1.6
Slide 22: Successful Growth Strategy in Aftermarket Continues
GROUP FINANCIALS FY 2024 SUCCESSFUL GROWTH STRATEGY IN AFTERMARKET CONTINUES Segmental sales – in mEUR Adjusted EBIT margin - in % of segmental sales -5.4% +12% 1,411 1,412 1,335 336.3 300.1 250.9 Original 24.0 22.9 20.1 Aftermarket 0.0 Equipment (OE) 0.7 -0.1 2022 2023 2024 2022 2023 2024 -2% 132.6
Slide 23: Order Book Affected by FX and Challenging Markets
QUARTERLY FINANCIALS Q2 2025 ORDER BOOK AFFECTED BY FX AND CHALLENGING MARKETS Order intake – in mEUR Order backlog – in mEUR -17% -19% 136 1,159 1,188 148 21 1,040 37 417 26 296 460 1,101 1,154 421 339 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 2024 2025 2024 2025 Divested entities 22 September 2025
Slide 24: Organic Sales Outperform Markets
QUARTERLY FINANCIALS Q2 2025 ORGANIC SALES OUTPERFORM MARKETS Sales – in mEUR Sales – in mEUR LV production – in million units +2.6% In organic terms: +4.8 % -8.2% 445 445 22.1 22.7 36 423 408 -14.1 44 34 408 -1.7% -44.1 +21.5 (+4.8%) 4.5 4.4 401 407 416 Q2 FX M&A organic Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q2 Q2
Slide 25: Adjusted EBIT Margin on Track
QUARTERLY FINANCIALS Q2 2025 ADJUSTED EBIT MARGIN ON TRACK EBITDA adjusted – in mEUR EBIT adjusted – in mEUR Bridge on EBIT adjusted – in mEUR Adjusted EBITDA margin – in % of Group sales Adjusted EBIT margin – in % of Group sales 49.8 51.4 50.2 24.2 22.5 23.0 -0.5 45.6 45.0 20.5 18.0 12.3 4.0 -3.0
Slide 26: High Investments for Ramp-ups and New US Hub
QUARTERLY FINANCIALS Q2 2025 HIGH INVESTMENTS FOR RAMP-UPS AND NEW US HUB R&D expenses (incl. capitalized R&D) – in mEUR Net working capital – in mEUR Capex – in mEUR R&D ratio – in % of Group sales Net working capital ratio – in % of Group sales Capex ratio – in % of Group sales +16% -21% -13% 27.7
Slide 27: Strong Capex Reflected in Cash Flow and Net Debt
QUARTERLY FINANCIALS Q2 2025 STRONG CAPEX REFLECTED IN CASH FLOW AND NET DEBT Operating free cash flow – in mEUR Net financial debt – in mEUR Equity – in mEUR Free cash flow ratio – in % of Group sales Net financial debt to EBITDA (adjusted) Equity ratio– in % of total assets +>100% +7% -27% 82.9 37
Slide 28: Aftermarket Continues to Grow
QUARTERLY FINANCIALS Q2 2025 AFTERMARKET CONTINUES TO GROW Segmental sales – in mEUR Adjusted EBIT margin - in % of segmental sales -16% 345 +13% 328 323 282 102.0 95.4 44 277 84.8 84.9 76.2 1.0 Original 284 0.7 Aftermarket Equipment (OE) 24.2 22.5 23.7 -3.0 19.1 18.7 -0.4 -0.1 Q2 Q3 Q4 Q1 Q2 Q2 Q3
Slide 29: Markets & Outlook
04 MARKETS & OUTLOOK 28 September 2025
Slide 30: Our Agenda for H2 2025
OUTLOOK OUR AGENDA FOR H2 2025 Ramp-up of further large-scale orders Analyzing market development Normalizing capex after investment- and assessing product groups intensive period in previous quarters Compared to H1, weaker H2 to be Continuing raised level of expected E-Mobility sales Focus
Slide 31: Growth in China, Europe & North America Down
MARKETS GROWTH IN CHINA, EUROPE & NORTH AMERICA DOWN Expected LV production – in million units North America Europe Greater China +3.8% -2.5% -3.9% +10.8% 30.1 31.2 -7.9% -9.7% 17.2 16.7 15.4 14.9 14.8 16.4 8.8 7.9 7.7 7.1 H1 H2e 2024 2025e H1 H2e 2024 2025e H1 H2e 2024 2025e 2025 2025 2025 2025 202
Slide 32: Outlook Confirmed
GROUP OUTLOOK CONFIRMED FY 2025 Mid-term Actual FY 2024 Sales Organically on prior-year level* Moderate organic growth 1.644 bEUR Adjusted EBIT margin Approx. 5% of sales Approx. 7 to 8% of sales 4.9 % Operating Free Cash Flow Approx. 1 to 3% of sales Approx. 2 to 4% of sales 3.2% ROCE adjusted Arou
Slide 33: The ElringKlinger Difference
THE ELRINGKLINGER DIFFERENCE THE ELRINGKLINGER DIFFERENCE With our strong technological Driving profitable growth orientation, we pioneer through change and innovation. innovative solutions. We will leverage our strong ICE We are committed to enhancing market position to shape the our financial perf
Slide 34: Appendix
05 APPENDIX 33 September 2025
Slide 35: Represented in All Relevant Automotive Regions
APPENDIX: GROUP REPRESENTED IN ALL RELEVANT AUTOMOTIVE REGIONS Production locations of global top 15 OEMs ( ) ElringKlinger production sites ( ) Germany UK China Europe/ France Turkey Spain Korea Italy Japan USA/Canada India South-East Asia Mexico South America South Africa 34 September 2025
Slide 36: Senior Management
APPENDIX: GROUP SENIOR MANAGEMENT Thomas Jessulat, CEO Reiner Drews, COO Isabelle Damen, CFO Dirk Willers, CSO 35 September 2025
Slide 37: Product Portfolio
APPENDIX: GROUP PRODUCT PORTFOLIO Metal Sealing Systems & E-Mobility modules Drivetrain Components • Batterie modules • PEM fuel cell stack Metal Forming & Lightweighting/ Assembly Technology Elastomer Technology • Underbody protection • Cross-car beam • Plastic modules (cam cover) 36 September 2025
Slide 38: Key Product Area: Battery Technology
APPENDIX: GROUP KEY PRODUCT AREA: BATTERY TECHNOLOGY CELL-CONTACTING SYSTEM • Extensive technological expertise based on more than a decade of serial production experience • Specific customer solutions for different kind of cell types – cylindrical, pouch, and prismatic cells • Manufactured in fully
Slide 39: Key Product Area: Battery Technology
APPENDIX: GROUP KEY PRODUCT AREA: BATTERY TECHNOLOGY BATTERY MODULE • Due to the immersion cooling concept, the module achieves a high electrical performance under constant temperature without derating. • This power module can be connected in series up to an integrated system voltage of up to 1000 V
Slide 40: Key Product Area: Lightweighting
APPENDIX: GROUP KEY PRODUCT AREA: LIGHTWEIGHTING CROSS-CAR BEAM • Outstanding product characteristics • High level of functional integration • High rigidity with low weight • Fulfilling required crash performance • Unique technology that brings together high-pressure metal forming and plastics injec
Slide 41: Key Product Area: Lightweighting
APPENDIX: GROUP KEY PRODUCT AREA: LIGHTWEIGHTING UNDERBODY PROTECTION • Offering excellent impact behavior as well as high level of thermal insulation for battery systems of electric vehicles • Higher durability resulting in reduced cost for repair and maintenance • Further functional integration ea
Slide 42: Key Product Area: Fuel Cell Technology (EKPO)
APPENDIX: GROUP KEY PRODUCT AREA: FUEL CELL TECHNOLOGY (EKPO) BIPOLAR PLATE • Functional high-precision design tailored to customer needs • Already in production in fully automated process FUEL CELL STACK • Compact design and low weight thanks to uniquely high power density • Automated manufacturing
Slide 43: More Than 140 Years of Experience
APPENDIX: GROUP MORE THAN 140 YEARS OF EXPERIENCE History of ElringKlinger in very brief Shareholder structure as at December 31, 2024 1879 Paul Lechler establishes a merchandising business in Stuttgart efor technical products and gaskets. 1885 Richard Klinger establishes an 1924 The first Lechler c
Slide 44: Financial Calendar
APPENDIX: GROUP FINANCIAL CALENDAR Q1 2026 May 2026 4 3 Full figures FY 2025 Capital Markets Day November 2025 2 March 2026 Q3 2025 November 12, 2025 1 43 September 2025
Slide 45: Investor Relations Contact
APPENDIX: GROUP INVESTOR RELATIONS CONTACT Dr. Jens Winter Heiderose Mall Patrick Perez Vice President Strategic Communications Strategic Communications Strategic Communications Phone: +49 7123 724-88335 Phone : +49 7123 724-463 Phone : +49 7123 724-9594 Mail: jens.winter@elringklinger.com Mail: hei
Slide 46: 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
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