Schaeffler Ag · XETR:SHA0
Schaeffler — J.P. Morgan European Automotive Conference 2022
28 slides from Schaeffler's conference presentation, Jun 8, 2022
Slide 1: Harvesting the Mature, Growing the New Business & our Ecosystem
Option 1 Schaeffler Automotive Technologies Harvesting the Mature, Growing the New Business & our Ecosystem Matthias Zink CEO Automotive Technologies Division J.P. Morgan European Automotive Conference June 8th, 2022 PUBLIC
Slide 2: Agenda
Agenda 1 Where we stand 2 Where we play – plus, the Innoplate JV 3 How we win 4 How we create value June 8th, 2022 Schaeffler Automotive Technologies | J.P. Morgan European Automotive Conference 2 PUBLIC
Slide 3: Where we stand
1 Where we stand June 8th, 2022 Schaeffler Automotive Technologies | J.P. Morgan European Automotive Conference 3 PUBLIC
Slide 4: Q1 2022 Automotive Technologies – Sales slightly decreased on high comps; margin burdened
1 Where we stand Q1 2022 Automotive Technologies – Sales slightly decreased on high comps; margin2 burdened by higher input costs Sales -3.2%1 Sales1 outperformed global LVP by 130 bps in an increasingly volatile and tougher in EUR mn market environment – Heterogeneous development across regions 2,2
Slide 5: FY 2022 Guidance – Stagnation of global LVP expected
1 Where we stand FY 2022 Guidance – Stagnation of global LVP5 expected Group Guidance Divisional Guidance Automotive Automotive Industrial Technologies Aftermarket Actuals Guidance FY 2021 FY 20221 Actuals Guidance Actuals Guidance Actuals FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 Guidance Outperf. Ou
Slide 6: Current Trading – Volumes remained hampered at start of Q2
1 Where we stand Current Trading – Volumes remained hampered at start of Q2 as expected, FY guidance provided in May unchanged Automotive Market dynamics Around -3.5 mn • IHS steadily reduced its estimates for the Global LVP1 in the course of Global LVP1 2022 discount vs. IHS1 the year, now expectin
Slide 7: Where we play – plus, the Innoplate JV
2 Where we play – plus, the Innoplate JV June 8th, 2022 Schaeffler Automotive Technologies | J.P. Morgan European Automotive Conference 7 PUBLIC
Slide 8: Portfolio Management Automotive Technologies – Electrification is further accelerating
2 Where we play Portfolio Management Automotive Technologies – Electrification is further accelerating Vision Powertrain – OLD Vision Powertrain – NEW Global Light Vehicle Production Global Light Vehicle Production Climate targets towards zero 15% emission in major markets 20% 15% 30% 56% 50% 35% 35
Slide 9: Portfolio Management Automotive Technologies – Operating Model sharpened in 2021
2 Where we play Portfolio Management Automotive Technologies – Operating Model sharpened in 2021 Mature Business New Business • E-Motors • Cam phaser Engine & E-Mobility • Gearboxes / Torque Transfer • Variable Valve train Transmission Solutions Powertrain- • Dual mass fly wheel • E-axles / Inverter
Slide 10: Grow our New Business, foster our Ecosystem with the Innoplate JV
2 Where we play Portfolio Management Automotive Technologies – Grow our New Business, foster our Ecosystem with the Innoplate JV Hydrogen fuel cell bipolar plates are part of our New Business The Ecosystem of Schaeffler Automotive Technologies is being further enriched with the Innoplate Joint Ventu
Slide 11: Innoplate JV - Schaeffler and Symbio join forces for fuel cell components
2 Where we play Innoplate JV - Schaeffler and Symbio1 join forces for the production of strategic fuel cell components Innoplate Joint Venture Scale production capacity Innoplate is a 50/50 JV between Target: Around 50 mn fuel cell Schaeffler AG and Symbio S.A.S.1 for bipolar plates by 2030 the indu
Slide 12: Innoplate JV – Combining industrialization, forming and coating expertise
2 Where we play Innoplate JV – Combining Schaeffler’s industrialization, forming and coating expertise for metallic bipolar plate manufacturing Strong expertise and proven excellence in the area of precise forming and 1 stamping technologies Highly sophisticated bipolar plate coating system tailor m
Slide 13: Innoplate JV – A compelling Franco-German cooperation
2 Where we play Innoplate JV – A compelling Franco-German cooperation, fostering the hydrogen economy growth Joint acceleration – The Innoplate JV will advance the mass-production of the next 1 generation of bipolar plates, with enhanced performance and cost competitiveness for the entire proton exc
Slide 14: How we win
3 How we win June 8th, 2022 Schaeffler Automotive Technologies | J.P. Morgan European Automotive Conference 14 PUBLIC
Slide 15: High Order Intake delivered in Q1 – E-Mobility EUR 2 bn
3 How we win High Order Intake1 delivered in Q1 – E-Mobility EUR 2 bn driven by BEV system business Order Intake1 Business Highlights E-Mobility in EUR bn Successful 15.0 nominations for high volume system 7.3 10.2 10.2 business in US, H2 China and Europe 5.5 4.8 H1 7.7 3.6 4.6 5.4 3.6 High customer
Slide 16: Our E-Mobility USP – Unlimited innovation potential
3 How we win Our E-Mobility USP – Unlimited innovation potential 3in1 E-Motors Transmission Xin1 2in1 e-Axle 4in1 Systems Thermal Management PEU Thermal 3in1 E-Motor Transmission Power Electronics management 2in1 3in1 4in1 June 8th, 2022 Schaeffler Automotive Technologies | J.P. Morgan European Auto
Slide 17: Schaeffler e-Axle – Performant, efficient and innovative
3 How we win Schaeffler e-Axle – Performant, efficient and innovative 800-volt electrical system 3in1 Passenger Cars Commercial Vehicles 180 kW Range of performance 500 kW 350 A Phase current (Effective value) 700 A Thermal E-Motor Transmission Power Electronics management 2in1 1200 V SiC semiconduc
Slide 18: How we create value
4 How we create value June 8th, 2022 Schaeffler Automotive Technologies | J.P. Morgan European Automotive Conference 18 PUBLIC
Slide 19: How we fund our own growth and create value
4 How we create value How we fund our own growth and create value Mature Business Order Intake2 FY 2019 - 2021 New Business Products for Powertrain Powertrain Products for ICE and HEV agnostic1 agnostic1 Electrified products products Powertrains 36% Priority Margin HEV Priority Growth xEV Order 35.4
Slide 20: Conclusion – We drive the transition to innovative propulsion and chassis technologies
4 How we create value Conclusion – We drive the transition to innovative propulsion and chassis technologies, to conquer leadership positions in New Business We plan conservatively with a disciplined view on costs in a highly uncertain market 1 environment We aim to outperform the market thanks to o
Slide 21: June 8th, 2022 Schaeffler Automotive Technologies | J.P. Morgan European Automotive Conference
June 8th, 2022 Schaeffler Automotive Technologies | J.P. Morgan European Automotive Conference 21 PUBLIC
Slide 22: Backup
SCHAEFFLER We pioneer motion PUBLIC
Slide 23: Schaeffler Group at a glance – Automotive and Industrial supplier
Backup Schaeffler Group at a glance – We are an Automotive and Industrial supplier 3 Divisions Schaeffler Group 4 Regions In % of FY 2021 In % of FY 2021 Asia Pacific • Leading positions in 14% Industrial technology and innovation 26% • 10 customer sectors Europe 42% • Market leading offering from G
Slide 24: Actively manage the transition: profitability in Mature Business, growth in New Business
Backup We actively manage the transition by ensuring profitability in Mature Business and a strong growth in New Business Mature Business Automotive Technologies – New Business Driving the transition to innovative propulsion and chassis technologies We We HARVEST Build BUILD Growth with our Competen
Slide 25: E-Mobility – Promised and delivered: Order Intake and Footprint
Backup E-Mobility – Promised and delivered: Order Intake and Footprint New E-Mobility plant in Szombathely, Hungary 14.5 bn EUR Total Order Intake for E-Mobility 2018 – Q1/2022 New E-Mobility Competence Center in Bühl, Germany 2.0 bn EUR Order Intake for E-Mobility achieved in Q1 2022 June 8th, 2022
Slide 26: E-Mobility Propulsion portfolio today – Components and Systems
Backup E-Mobility Propulsion portfolio today – Components and Systems Powertrain Systems DHT, Hybrid Modules, E-Axles etc. Thermal Management Fuel Cell Mechatronic and Electrical Systems Power Electronic, Actuator Systems, etc. Mechanical Systems E-Motors, Gearboxes, Wet Clutches etc. Components Rot
Slide 27: Automotive Technologies (AT) outperformance by quarters
Backup Automotive Technologies (AT) outperformance by quarters YTD Q1 22 Outperformance: +1.3pp Outper- IHS1 AT2 formance World -4.5% -3.2% +1.3pp Europe -15.4% -1.9% +13.5pp Americas -3.6% 0.3% +3.9pp Greater China 6.4% -5.3% -11.7pp Asia/Pacific -6.5% -8.3% -1.8pp FY 21 Q1 21 Q2 21 Q3 21 Q4 21 Out
Slide 28: Sustainability – Eight non-financial targets
Backup Sustainability – Eight non-financial targets underline clear commitment to sustainability Climate Neutral Supply Chain Climate Neutral Supply Chain until 2040 Climate Neutral Production Sustainable Suppliers at all Schaeffler production 90% of the purchasing volume of production locations unt
Schaeffler — J.P. Morgan European Automotive Conference 2022 on 6ix