Elringklinger Ag · XETR:ZIL2
Elringklinger — Q1 2025 Earnings Presentation
20 slides from Elringklinger's earnings presentation, May 8, 2025
Slide 1: Group Figures on Q1 2025
GROUP FIGURES ON Q1 2025 Thomas Jessulat, CEO May 8, 2025
Slide 2: Q1 2025 Highlights
Q1 2025 HIGHLIGHTS SHAPE30 – THE ANNIVERSARY YEAR IN Q1: ADJUSTED EBIT TRANSFORMATION STRATEGY HONOR OF COMPANY MARGIN WITH 4.9% OF ELRINGKLINGER GROUP FOUNDER PAUL LECHLER ON TRACK RAMP-UP OF SERIES PRODUCTION IN ELRINGKLINGER EXPANDS GROUP BATTERY TECHNOLOGY WITH VISIBLE MANAGEMENT BOARD WITH ISAB
Slide 3: Group Strategy: Further Shaping the Group
GROUP STRATEGY FURTHER SHAPING THE GROUP TERMINATING DIVESTING CONSOLIDATING NON-PERFORMING CAPEX-INTENSIVE GLOBAL FOOTPRINT PRODUCT GROUPS BUSINESS Discontinuing systems business Disposal of entities Discontinuing operations for electric drive units + in Sevelen (CH) at plants in Thale (D) examinin
Slide 4: Group Financials
GROUP FINANCIALS 3 Conference Call on Q1 2025 Figures May 8, 2025
Slide 5: Organic Sales Growth Outperforming Markets
GROUP FINANCIALS Q1 2025 ORGANIC SALES GROWTH OUTPERFORMING MARKETS Sales – in mEUR Sales – in mEUR LV production* – in million units Organic: +2.2% +1.3% -9.1% 465 552 21.4 21.7 -7.9 465 445 441 423 -44.7 -6.7% 423 +10.4 4.6 4.3 (+2.2%) Q1 FX M&A organic Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q1 Q1 Q1 2024 2025 2024
Slide 6: Continued Growth in E-Mobility
GROUP FINANCIALS Q1 2025 CONTINUED GROWTH IN E-MOBILITY Sales by business unit – in % of sales Sales by region – in % of sales LV production by region* – in million units resp. in % +1.3% 465 465 <1% 7% 423 6% 423 <1% Others 21.4 21.7 South America & 9% Engineered Plastics 15% 6% Rest of World 6% 5%
Slide 7: Adjusted EBIT Margin on Track
GROUP FINANCIALS Q1 2025 ADJUSTED EBIT MARGIN ON TRACK Adjusted EBITDA – in mEUR Adjusted EBIT – in mEUR Adjusted EBIT bridge – in mEUR Adjusted EBITDA margin – in % of sales Adjusted EBIT margin – in % of sales -11.8% -14.6% 51.0 49.8 51.4 24.0 22.5 23.0 45.6 45.0 20.5 -3 +4 18.0 24.0 -3 11.0 11.2
Slide 8: High Investments for Ramp-ups and New US Hub
GROUP FINANCIALS Q1 2025 HIGH INVESTMENTS FOR RAMP-UPS AND NEW US HUB R&D expenses – in mEUR Net working capital – in mEUR Capex – in mEUR R&D ratio – in % of sales Net working capital ratio – in % of sales Capex ratio – in % of sales -7.1% -6.7% +166% 27.7 489.3 482.4 503.2 50.1 26.7 24.9 454.4 45.
Slide 9: Preparing for Growth Cycle
CAPEX PREPARING FOR GROWTH CYCLE GOOD PROGRESS IN SETTING UP THE EXPANSION OF PRODUCTION AREA IN NEW BATTERY HUB IN EASLEY, SC (USA) NEUFFEN (D) NEARING COMPLETION Using new area from Q3 2025 onwards Starting operations >50% in Q3 2025 non-ICE sales by 2030 8 Conference Call on Q1 2025 Figures May 8
Slide 10: Strong Capex Reflected in Cashflow and Net Debt
GROUP FINANCIALS Q1 2025 STRONG CAPEX REFLECTED IN CASHFLOW AND NET DEBT 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 ->100% +12.5% -25.0% 82.9 370.4 917 906 350.4 349.6 856 329.1 685 688
Slide 11: Continuing Growth in Aftermarket
GROUP FINANCIALS Q1 2025 CONTINUING GROWTH IN AFTERMARKET Sales – in mEUR Adjusted EBIT margin* - in % of segmental sales -17.0% +12.8% 339.5 328.3 322.9 344.6 281.8 102.0 90.4 84.8 84.9 76.2 Original 0.7 Aftermarket -0.7 Equipment (OE) 25.1 24.2 22.5 23.7 -3.0 19.1 -0.4 -0.1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3
Slide 12: Markets and Outlook
MARKETS AND OUTLOOK 11 Conference Call on Q1 2025 Figures May 8, 2025
Slide 13: Revisiting Our Agenda for 2025
OUTLOOK REVISITING OUR AGENDA FOR 2025 Ramp-up of further large-scale orders Reviewing product portfolio High capex, particularly in H1 Analyzing market development Rising E-Mobility sales Assessing different product groups Low cash flow particularly in H1 for future viability Will compe
Slide 14: Latest: Weaker in North America, Decline Globally
MARKET LATEST: WEAKER IN NORTH AMERICA, DECLINE GLOBALLY Expected LV production* – in million units North America Europe Greater China +1.4% -9.3% -3.1% 30.1 30.5 30.6 15.5 14.0 14.5 17.2 16.6 16.7 2024 2025 2026 2024 2025 2026 2024 2025 2026 Global -1.7% 89.5 87.9 88.8 2024 2025 2026 13 Conference
Slide 15: Outlook Confirmed
GROUP OUTLOOK CONFIRMED FY 2025 Mid-term Actual FY2024 Revenue On previous year’s level* Moderate organic growth 1.644 bEUR Adjusted EBIT Margin Approx. 5% of revenue Approx. 7 to 8% of revenue 4.9 % Operating Free Cash Flow Approx. 1 to 3% of revenue Approx. 2 to 4% of revenue 3.2% ROCE adjusted Ar
Slide 16: Appendix
APPENDIX 15 Conference Call on Q1 2025 Figures May 8, 2025
Slide 17: Management Board Focusing on Transformation
SENIOR MANAGEMENT MANAGEMENT BOARD FOCUSING ON TRANSFORMATION Thomas Jessulat, CEO (Board member since 2016, CEO since 2023) Corporate units Corporate Sustainability Finance Global Strategy & Digital Transformation HR IT Legal & Compliance M&A and Innovations Strategic Communications Business units
Slide 18: Contact
ELRINGKLINGER 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: h
Slide 19: Financial Calendar
GROUP FINANCIAL CALENDAR Annual General Meeting May 16, 2025 CMD Q3 Q2 Q1 AGM Capital Markets Day November 2025 Q3 2025 November 12, 2025 Q2 2025 Q1 2025 August 6, 2025 May 8, 2025 18 Conference Call on Q1 2025 Figures May 8, 2025
Slide 20: 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