Schaeffler Ag · XETR:SHA0
Schaeffler — Deutsche Bank dbAccess IAA Cars Conference 2023
33 slides from Schaeffler's conference presentation, Sep 5, 2023
Slide 1: Growing the New Business
Chassis Schaeffler E-Mobility Systems Automotive Technologies Division Growing the New Engine & Transmission Bearings Business Matthias Zink CEO Automotive Technologies Division dbAccess IAA Cars Conference September 5, 2023 PUBLIC
Slide 2: Where we stand, Where we play, How we win, How we create value
1 Where we stand 2 Where we play 3 How we win 4 How we create value September 5, 2023 Schaeffler Automotive Technologies | dbAccess IAA Cars 2 Conference PUBLIC
Slide 3: Where we stand
1 Where we stand September 5, 2023 Schaeffler Automotive Technologies | dbAccess IAA Cars 3 Conference PUBLIC
Slide 4: Q2 2023 Automotive Technologies – Double-digit sales growth, solid EBIT margin
1 W H ERE W E S TAND Q2 2023 Automotive Technologies – Double-digit sales growth1, solid EBIT margin2 driven by scale effects and structural improvements Sales EBIT2 KEY ASPECTS in EUR mn in EUR mn Sales growth1 of +10.7% driven by all business divisions and regions; +10.7%1 +8.3%1 by price and volu
Slide 5: Q2 2023 Automotive Technologies – Double-digit sales growth, EBIT margin significantly up
1 W H ERE W E S TAND Q2 2023 Automotive Technologies – Double-digit sales growth1, EBIT margin2 significantly up Sales by business division yoy growth Order Intake4 in EUR bn Q2 2022 Q2 2023 ∆1 Thereof E-Mobility 293 296 +3.6% 2.7 3.2 5.0 1.0 E-Mobility Engine & Transmission 1,212 1,318 +11.2% Beari
Slide 6: Automotive Technologies – Current trading update
1 W H ERE W E S TAND Automotive Technologies – Current trading update Automotive Technologies – Global LVP1 2023 Automotive market dynamics • Schaeffler market assumptions increased to 2-4% LVP growth in 2023 (up to 85.6 mn vehicles) vs. Up to 0-2% expected in May (up to 83.9 mn vehicles), but still
Slide 7: FY 2023 Guidance confirmed
1 W H ERE W E S TAND FY 2023 Guidance confirmed FY 2023 Guidance Schaeffler Group Automotive Technologies Automotive Aftermarket Industrial Guidance Guidance Guidance Guidance FY 20231 FY 2023 FY 2023 FY 2023 Outperformance Sales 5 – 8% 10 – 12% 6 – 8% 0 – 300 bps5 growth2 (unchanged) (prior: 5 – 7%
Slide 8: Where we play
2 Where we play September 5, 2023 Schaeffler Automotive Technologies | dbAccess IAA Cars 8 Conference PUBLIC
Slide 9: Market & Customers – Electrification is further accelerating, year 2035 adjusted
2 W H ERE W E PLAY Market & Customers – Electrification is further accelerating, year 2035 adjusted Vision Powertrain – NEW ICE HEV xEV Global Light Vehicle Production 10% Climate targets towards zero 20% emission in major markets 50% 30% 40% 88% HEV as transition technology will reach tipping point
Slide 10: Portfolio Management – Operating model proving its steering effectiveness
2 W H ERE W E PLAY Portfolio Management – Operating model proving its steering effectiveness with clear results Mature Business New Business 28% Engine & Bearings E-Mobility Chassis Transmission Systems 14% EUR 5,152 mn EUR 2,624 mn Sales FY 2022 EUR 1,349 mn EUR 375 mn +4.5% +4.6% 4% +24.2% +28.4%
Slide 11: Product Portfolio expanded – components & systems for powertrain & chassis
2 W H ERE W E PLAY Product Portfolio expanded – We deliver both innovative components & systems for powertrain & chassis Product details to be find in Backup Mature Business New Business Engine & Bearings E-Mobility Chassis Systems Transmission Powertrain-specific Powertrain-agnostic Powertrain-spec
Slide 12: Market & Customers – Competitive landscape increasingly dynamic
2 W H ERE W E PLAY Market & Customers – Competitive landscape increasingly dynamic and offering great opportunities Europe 1 4 36% of Sales in 2022 Greater China 1 2 4 25% 25% 2 3 4 of Sales in 2022 of Sales in 2022 Americas 1 Asia Pacific 1 4 14% of Sales in 2022 Market Financial Automotive penetra
Slide 13: How we win
3 How we win September 5, 2023 Schaeffler Automotive Technologies | dbAccess IAA Cars 13 Conference PUBLIC
Slide 14: How we win in a diversified customer base
3 H OW W E W IN How we win in a diversified customer base – With both components and systems Mature Business New Business 1 Mechatr. Systems Established OEMs 2 Sub- & Mechanical Systems Mechanical Components with 3 System Know-How New Players 4 Mechanical Components September 5, 2023 Schaeffler Auto
Slide 15: New Order Intake in New Business by Established OEM
3 H OW W E W IN New Order Intake in New Business by Established OEM OI Mature Business New Business approx. USD 0.5 bn 1 Mechatr. Systems Established OEMs 2 Sub- & GROW Mechanical Systems Mechanical Components with 3 System Know-How New Players 4 Mechanical Components Schaeffler extends its business
Slide 16: New Order Intake in Mature Business for HEV applications
3 H OW W E W IN New Order Intake in Mature Business for HEV applications by Established OEM OI Mature Business New Business approx. USD 0.3 bn 1 Mechatr. Systems Established OEMs 2 Sub- & Mechanical Systems Mechanical Components with 3 System Know-How New Players 4 Mechanical Components Know-how fro
Slide 17: How we win in Greater China
3 H OW W E W IN How we win in Greater China – Harnessing growth in a diversified customer base with components and systems with our excellent local team Mature Business New Business 1 Mechatr. Systems Established OEMs 2 Sub- & Mechanical Systems Mechanical Components with 3 System Know-How New Playe
Slide 18: Schaeffler and VDL Groep to team up on self-driving shuttles
3 H OW W E W IN Schaeffler and VDL Groep to team up on self-driving shuttles Public Transport Authority (PTA) Public Transport Operator (PTO) The Ecosystem of Schaeffler Automotive Technologies Vehicle OEM Acquisitions, JVs and Collaborations Self Driving System Provider Mature Business New Business
Slide 19: Visit us – Hall B3 / Booth B40
3 H OW W E W IN Visit us and experience our solutions for Future Mobility – Hall B3 / Booth B40 Hybrid Powertrain Visit us in • MultiMode Hybrid Transmission • Electric Cam Phasing System Hall B3 / Booth B40 Chassis and New Mobility • FlyNow Aviation Personal Air Vehicle • Rear Wheel Steering • Free
Slide 20: How we create value
4 How we create value September 5, 2023 Schaeffler Automotive Technologies | dbAccess IAA Cars 20 Conference PUBLIC
Slide 21: How we fund our own growth and create value
4 H OW W E CREATE VALUE How we fund our own growth and create value Mature Business Order Intake2 FY 2019 - 2022 New Business Products for Products for Powertrain Powertrain Electrified ICE and HEV agnostic1 products agnostic1 products Powertrains 35% EV HEV Priority Margin 25% Priority Growth 47.7
Slide 22: Road to 2025 – We stay committed to our mid-term targets
4 H OW W E CREATE VALUE Road to 2025 – We stay committed to our mid-term targets Mid-term targets 2025 Automotive Technologies Automotive Aftermarket Industrial Outperformance1 Constant-currency revenue growth Constant-currency revenue growth 200 to 500 bps > GDP growth > Ind. Prod. growth on averag
Slide 23: Conclusion
4 H OW W E CREATE VALUE Conclusion A Short-term drivers ▪ Good H1 2023 for Automotive Technologies, driven by realized price increases and scale effects ▪ Performance strength of Mature Business continues to fuel our transformation journey We drive the transition to ▪ Q3 sales developing as expected
Slide 24: September 5, 2023 Schaeffler Automotive Technologies | dbAccess IAA Cars Conference
September 5, 2023 Schaeffler Automotive Technologies | dbAccess IAA Cars 24 Conference PUBLIC
Slide 25: High capability in embedded software meets precision components and mechatronic systems
Presented at J.P Morgan Auto BACKUP Conference in June High capability in embedded software (customer) meets high capability in precision components and mechatronic systems (Schaeffler) Mature Business New Business 1 Mechatr. Systems Established OEMs 2 Sub- & GROW Mechanical Systems Mechanical Compo
Slide 26: High capability in embedded software meets precision components and mechatronic systems
Presented at J.P Morgan Auto BACKUP Conference in June High capability in embedded software (customer) meets high capability in precision components and mechatronic systems (Schaeffler) OI Mature Business New Business approx. EUR 0.5 bn 1 Mechatr. Systems Established OEMs + 2 Sub- & GROW Mechanical
Slide 27: Order Intake for e-Axle systems from established and new OEMs
Presented at J.P Morgan Auto BACKUP Conference in June Order Intake for e-Axle systems received from established and new OEMs OI Mature Business New Business approx. EUR 2.4 bn 2022 & 2023 Q1 1 Mechatr. Systems Established OEMs 2 Sub- & GROW Mechanical Systems Mechanical Components with 3 System Kno
Slide 28: First Order Intake for battery cooling and expansion into refrigerant market
Presented at J.P Morgan Auto BACKUP Conference in June First Order Intake for battery cooling and expansion into the refrigerant market OI Mature Business New Business approx. EUR 0.6 bn 2022 & 2023 Q1 1 Mechatr. Systems Established OEMs 2 Sub- & GROW Mechanical Systems Mechanical Components with 3
Slide 29: Product Portfolio expanded – components & systems for powertrain & chassis
BACKUP Product Portfolio expanded – We deliver both innovative components & systems for powertrain & chassis Mature Business New Business Engine & Bearings E-Mobility Chassis Systems Transmission Powertrain-specific Powertrain-agnostic Powertrain-specific Powertrain-agnostic Combined UniAir eRocker
Slide 30: Automotive Technologies outperformance by quarters
BACKUP Automotive Technologies (AT) outperformance by quarters Adjusted comparative figures 2022 YTD Outperformance: -2.9pp Q1 23 Q2 23 Outper- Outper- S&P1 AT2 formance S&P1 AT2 formance World +7.1% +6.0% -1.1pp +15.5% +10.7% -4.8pp Europe +14.2% +15.1% +0.9pp +12.6% +14.5% +1.9pp Americas +9.9% +0
Slide 31: Key figures by Group and Division
BACKUP Key figures by Group and Division Adjusted comparative figures 2022 Group in EUR mn Automotive Aftermarket in EUR mn Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Sales 3,758 3,790 4,242 4,019 4,152 4,056 Sales 464 506 548 523 582 549 Sales Growth1 +1.9% +4.4% +20.2%
Slide 32: Sustainability – Eight non-financial targets
BACKUP Sustainability – Eight non-financial targets underline clear commitment to sustainability Climate Neutral Production Renewable Energy at all Schaeffler production 100% purchased power from locations until 2030 renewable sources until 2024 Sustainable Suppliers Fresh water Supply 90% of the pu
Slide 33: September 5, 2023 Schaeffler Automotive Technologies | dbAccess IAA Cars Conference
September 5, 2023 Schaeffler Automotive Technologies | dbAccess IAA Cars 33 Conference PUBLIC
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