Aumovio Se · XETR:AMV0
Aumovio — FY2025 Earnings Presentation
45 slides from Aumovio's earnings presentation, Mar 18, 2026
Slide 1: FY 2025 Results
FY 2025 Results Philipp von Hirschheydt – CEO Dr. Jutta A. Dönges – CFO Lutz Ackermann – Head of IR Ticker: AMV0 ISIN: DE000AUM0V10 Website: http://www.ir.aumovio.com IR Contact: ir@aumovio.com March 18, 2026 Investor Relations
Slide 2: Agenda
Agenda 1 Full Year 2025 Review 2 Financial Performance and Outlook 3 Appendix Investor Relations @AUMOVIO SE
Slide 3: Successful completion of first year for AUMOVIO
Successful completion of first year for AUMOVIO Strong delivery on our 2025 targets, fully in line with guidance €18.5 bn − FY adj. Sales down 5% YoY, following a Adj. Sales1 challenging market environment and a focused Guidance of €18.0-19.0 bn adj. Sales1 achieved project selection − FY adj. EBIT
Slide 4: Continuous transformation is AUMOVIO's DNA
Continuous transformation is AUMOVIO’s DNA Transformation progress driven by self-help measures Focus Area Progress Ambition Active Portfolio Management Strong focus on margin-accretive business Not started Completed Targeting 45 production locations in the Footprint Reduction Not started Completed
Slide 5: Building a streamlined and highly competitive global footprint
Building a streamlined and highly competitive global footprint Consolidation across production and R&D locations Production Research & Development 84 locations1 2025 in 24 countries 55 locations 2025 47 locations 2025 of which in 20 countries in 20 countries Europe 43 China 15 24 12 Ambition to reac
Slide 6: Continuous focus on rightsizing and R&D efficiency
Continuous focus on rightsizing and R&D efficiency Headcount reduction on track Sales-to-variable-headcount Headcount development2 (in k) Sales-to-variable-headcount ratio ratio1 and sales (€ bn) − Consistent uplift in the sales-to- variable-headcount ratio ~103 − Underscoring improved productivity
Slide 7: Progress towards <10% net R&D-to-sales ratio by 2027
Progress towards <10% net R&D-to-sales ratio by 2027 Strengthening the competitiveness of R&D February 2024 February 2025 January 2026 Enhanced infrastructure use via R&D workforce optimization Focused tech portfolio, Goal pooled development units and primarily through natural market-aligned activit
Slide 8: Disciplined Order Intake results in +1bn YoY increase
Disciplined Order Intake results in +1bn YoY increase Order Intake highlights FY 2025 Order Intake (€ mn) Regional split (%) Highlights Order Intake FY 2025 20,3721 19,2621 − Disciplined and value-accretive Order 15% Intake strategy, while multiple OEMs have 3,125 6,287 postponed sourcing activities
Slide 9: Developing next-generation solutions for the future of mobility
Developing next-generation solutions for the future of mobility Robust innovation pipeline in each Business Area Autonomous Mobility Architecture and Network Safety and Motion User Experience Solutions Night-Capable Camera Vehicle Control High- Brake System Roadmap Surface Projection System Performa
Slide 10: 2026 CEO Priorities: Driving sustainable value creation
2026 CEO Priorities: Driving sustainable value creation Lead. Transform. Deliver. Continuing the Robust and Strengthen Self-Help Efficient Resilience Value-Creation Innovation through Strategy Pipeline Localization Production High Footprint and China Growth Performance Operational Organization Excel
Slide 11: Agenda
Agenda 1 Full Year 2025 Review 2 Financial Performance and Outlook 3 Appendix Investor Relations @AUMOVIO SE
Slide 12: Self-help measures drive significant earnings growth in FY 2025
Self-help measures drive significant earnings growth in FY 2025 Positive adj. Free Cash Flow despite significant one-offs Adj. Sales (€ mn) Adj. EBIT (€ mn) Normalized FCF (€ mn) -5.0% 2.5% 3.9% +27.2% +45.4% 650 511 19,532 18,550 259 491 717 493 252 159 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 20
Slide 13: Q4 results impacted by lower volumes in a challenging market
Q4 results impacted by lower volumes in a challenging market Stable adj. EBIT despite lower topline Adj. Sales (€ mn) Adj. EBIT (€ mn) Normalized FCF (€ mn) -7.6% -48.1% 6.7% 6.8% 862 63 -5.8% 4,867 448 4,496 799 139 327 308 309 Q4 2024 Q4 2025 Q4 2024 Q4 2025 Q4 2024 Q4 2025 Adj. FCF Adjustments 1
Slide 14: Transformation and one-off items impact EBIT and net income
Transformation and one-off items impact EBIT and net income Bridge from adj. EBIT to net income IFRS PnL item (€ mn) FY 2024 FY 2025 Key comments (FY25 YoY) Adj. EBIT 493 717 Adj. EBIT increased significantly by €224 mn YoY Key items − €388 mn restructuring and termination Adjustments (incl. special
Slide 15: Sales development driven by active portfolio management
Sales development driven by active portfolio management Largely flat core business sales development year-over-year (€ mn) Divestments Active Portfolio Management / FX Effects Footprint Reduction Regional adj. Sales exposure -116 -489 -87 -24 -5 100% -289 -60 -100 16% -40 -493 14% 21% 19,648 19,532
Slide 16: Rigorous cost management driving adj. EBIT growth
Rigorous cost management driving adj. EBIT growth Adj. EBIT Walk 2024 to 2025 excluding special items (€ mn) 18.1%1 19.9% 11.5%2 11.1% +9.9% -14.1% 2023 2024 2025 2023 2024 2025 56 -198 154 3.9% 212 2.5% 717 493 Adj. EBIT Adj. Gross Profit Adj. net R&D Adj. S&D / FG&A Others 3 Adj. EBIT FY 2024 FY 2
Slide 17: Improvements in SAM and UX driving 2025 adj. EBIT
Improvements in SAM and UX driving 2025 adj. EBIT Adj. EBIT development by Business Area (€ mn) Adj. EBIT 2024 493 AM FY 2024 FY 2025 − Adj. Sales -5.5% from lower US volumes, FX headwinds, and market weakness in CSV in Q4 -1.4% -1.3% − Adj. EBIT +10.5% from cost reductions and AM 5 efficiency gains
Slide 18: Strong cash conversion in underlying core business
Strong cash conversion in underlying core business Positive adj. FCF even with high restructuring and spin-off costs (€ mn) 274 -227 1,671 Cash-effective costs include: €367 mn restructuring €132 mn listing & separation -674 954 1,718 -394 -491 717 650 159 Adj. EBIT / Adj. D&A NWC Employee Benefits,
Slide 19: Strong liquidity position provides stability and financial flexibility
Strong liquidity position provides stability and financial flexibility Improvement on the basis of strong cash flow generation in Q4 Net Cash (€ mn) Net Pension Liabilities (€ mn) Credit 2,500 facilities 2,500 Cash and cash equivalents -341 11 1,719 3.5%1 4.3% 1,389 1,355 1,065 Total Liquidity Gross
Slide 20: Looking ahead: Continued industry headwinds weigh on outlook
Looking ahead: Continued industry headwinds weigh on outlook 2025-2027 passenger cars and light trucks1 production Worldwide Europe North America China (YoY in %) (YoY in %) (YoY in %) (YoY in %) -0.4% +1.6% -0.7% +2.0% -2.2% +3.3% -1.4% +0.3% 92.9 92.6 94.1 16.4 16.3 16.6 15.3 15.0 15.5 32.9 32.5 3
Slide 21: Operating in a changing and challenging market environment
Operating in a changing and challenging market environment Outlook 2026: A transition year with potential earnings upside 2025 Act. 2026 Guidance Adj. Sales (€ bn) 18.5 17.0-18.5 Active portfolio management; delayed project ramp-ups; FX as of - Dec 31, 2025 Adj. EBIT margin (%) 3.9% 3.5-5.0% + More
Slide 22: Resilient adj. EBIT across all BAs despite topline pressure
Resilient adj. EBIT across all BAs despite topline pressure Strategic measures secure profitability Business Area Adj. Sales (€)1 Outlook Adj. EBIT margin (%)1 − Moderate lower adj. Sales due to FX and lower volumes in ADAS and weaker US commercial vehicle market Autonomous and − Lower R&D expenses
Slide 23: 2026 CFO Priorities: A clear path ahead
2026 CFO Priorities: A clear path ahead Robust financial architecture driving our performance and value Disciplined Cost Capital Management & Cash Flow Allocation Efficiency Performance Strategy Programs CFO Strengthened Financial Risks Organization as Financial Management Value Driving Steering Mod
Slide 24: Q&A Thank you!
Q&A Thank you!
Slide 25: Agenda
Agenda 1 Full Year 2025 Review 2 Financial Performance and Outlook 3 Appendix Investor Relations @AUMOVIO SE
Slide 26: Appendix
Appendix
Slide 27: Our approach to sustainability
Our approach to sustainability AUMOVIO outlines sustainability targets Our targets are designed to drive measurable progress toward our strategic sustainability focus areas while safeguarding our short-term financial commitments. They cover key environmental and social topics across our own operatio
Slide 28: Operational discipline continues to build sustainable profit
Operational discipline continues to build sustainable profit Autonomous Mobility and Architecture and Network Solutions Autonomous Mobility (AM) Architecture and Network Solutions (ANS) Adj. Sales (€ mn) Adj. EBIT (€ mn) Adj. EBIT margin (%) Adj. Sales (€ mn) Adj. EBIT (€ mn) Adj. EBIT margin (%) -9
Slide 29: Continued profitability and successful turnaround
Continued profitability and successful turnaround Safety and Motion and User Experience Safety and Motion (SAM) User Experience (UX) Adj. Sales (€ mn) Adj. EBIT (€ mn) Adj. EBIT margin (%) Adj. Sales (€ mn) Adj. EBIT (€ mn) Adj. EBIT margin (%) -1.8% +42.2% 0.4% -2.5% +107.5% -107.5% -4.8% 372 11 7,
Slide 30: Key figures by Business Area
Key figures by Business Area Adj. Sales (€ mn) and adj. EBIT (€ mn and as % of adj. Sales) AUMOVIO Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Adj. Sales 4,867 4,983 4,816 4,867 4,805 4,740 4,509 4,496 18,550 Adj. Sales growth (YoY) -1.3% -4.9% -6.4% -7.6% -5.0% Adj. EBIT -202 153 215 327
Slide 31: Financial development
Financial development Adj. Sales and adj. EBIT margin 2024 2025 − €19.5 bn adj. Sales − €18.5 bn adj. Sales − 2.5% adj. EBIT margin − 3.9% adj. EBIT margin 4.9 5.0 4.8 4.9 4.8 4.7 4.5 4.5 6.7% 6.8% 4.5% 3.1% 3.6% 3.3% 1.9% -4.1% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Adj. Sales (€ bn) Adj. EBIT margin (%) Investor
Slide 32: Improvement underscores strong business fundamentals
Improvement underscores strong business fundamentals Multi-year gross profit and net R&D development 18.1% 19.9% 11.5% 11.1% +9.9% -14.1% Adj. Gross Adj. net Profit R&D (% of sales) (€ mn) 2,391 2,054 2023 2024 2025 2023 2024 2025 − Value-based pricing with customers − R&D excellence programs are st
Slide 33: Disciplined Capex approach and efficient WC management
Disciplined Capex approach and efficient WC management Improving capital efficiency Capex1 (€ mn and as % of sales) Working Capital2 (€ mn and as % of sales) 2,859 2,549 1,231 14% 2,137 13% 2,866 12% 953 Inventories 2,583 769 2,309 Trade accounts 4,150 5.9% 3,642 3,153 receivable 4.9% 4.1% -4,157 -3
Slide 34: Net periodic costs slightly higher than net periodic payments
Net periodic costs slightly higher than net periodic payments FY 2025 pension reconciliation (€ mn) Non-cash employees earning future pension Cash to pensioners payments -106 46 -29 0 3.5%1 68 -77 -20 29 Net periodic pension costs: 114 Net periodic payments: -97 -307 4.3% 1,355 1,065 31.12.2024 Serv
Slide 35: Germany accounts for majority of pension plans
Germany accounts for majority of pension plans FY 2025 Funded Status of Defined Benefit Obligation Reconciliation of Accrued Pension Liabilities per Region (€ mn) (€ mn) Germany Outside Germany 1,665 -1,224 2,730 2,286 34 1,031 1,065 1,062 444 -442 1 3 Partly Unfunded Accrued Pension Plan Assets inc
Slide 36: FY 2025 Reconciliation adj. EBIT and Normalized FCF
FY 2025 Reconciliation adj. EBIT and Normalized FCF Figures in € mn EBIT reported -70 Reported Free Cash Flow 1,957 Amortisation of intangible PPA 37 Interest bearing investments 1,821 Cash in- and outflows for acquisition and selling of business Impairments 78 operations -23 Restructuring 388 Adjus
Slide 37: FY 2025 IFRS Consolidated Financial Statement: Profit and Loss
FY 2025 IFRS Consolidated Financial Statement Profit and Loss Statement € millions 2025 2024 Sales 18,550 19,648 Cost of sales –15,121 –16,166 Gross margin on sales 3,429 3,482 Research and development expenses –3,238 –3,548 Selling and logistics expenses –583 –655 Administrative expenses –591 –328
Slide 38: Balance Sheet - Assets
FY 2025 IFRS Consolidated Financial Statements Balance Sheet - Assets € millions 31.12.2025 31.12.2024 Goodwill 2,089 2,129 Other intangible assets 323 413 Property, plant, and equipment 4,788 5,282 Investment property 2 2 Investments in equity-accounted investees 197 223 Other investments 80 84 Def
Slide 39: Balance Sheet – Equity and Liabilities
FY 2025 IFRS Consolidated Financial Statements Balance Sheet – Equity and Liabilities € millions 31.12.2025 31.12.2024 Subscribed capital 250 1 Capital reserves 9,677 7,598 Retained earnings 90 1,888 Other comprehensive income –938 –770 Equity attributable to the shareholders of the parent 9,079 8,7
Slide 40: Cash Flow (1/2)
FY 2025 IFRS Consolidated Financial Statements Cash Flow (1/2) € millions 2025 2024 Net income –630 –272 Income tax expense 463 279 Financial result 97 284 EBIT –70 290 Interest paid –112 –411 Interest received 54 233 Income tax paid –337 –264 Dividends received 58 34 Depreciation, amortization, imp
Slide 41: Cash Flow (2/2)
FY 2025 IFRS Consolidated Financial Statements Cash Flow (2/2) € millions 2025 2024 Disposal of property, plant and equipment, and intangible assets 48 47 Capital expenditure on property, plant and equipment, and software –672 –882 Capital expenditure on intangible assets from development projects a
Slide 42: Financial calendar
Financial calendar 2026 March May August November − Financial results − Quarterly statement − Half-year financial − Quarterly statement publication FY 2025 (May 8) report (August 6) (November 5) (March 18) − Annual shareholders meeting (May 13) Investor Relations @AUMOVIO SE FY 2025 Results March 18
Slide 43: Lutz Ackermann, Helena Elisabeth Held
Lutz Ackermann Helena Elisabeth Held Head of Investor Relations Senior Manager Investor Relations +49 69 7603-1890 +49 69 7603-1891 lutz.ackermann@aumovio.com helena.elisabeth.held@aumovio.com Guerickestraße 7 | 60488 Frankfurt am Main | Germany
Slide 44: Disclaimer
Disclaimer This presentation has been prepared by AUMOVIO SE (together with its consolidated subsidiaries, “AUMOVIO”) solely for information purposes. It has not been independently verified and will not be updated. It does not constitute an offer, invitation or recommendation to purchase or subscrib
Slide 45: AUMOVIO
4. AUMOVIO