Forvia Se · EURONEXT:FRVIA
Forvia — H1 2026 Earnings Presentation
26 slides from Forvia's earnings presentation, Jul 31, 2026
Slide 1: 2026 Half-year Results
2026 Half -year Results July 31 st , 2026
Slide 2: Preliminary statement on Interiors
Preliminary › Divestiture of the Interiors Business announced on 24 February 2026 statement › Classified as a discontinued operations under IFRS 5 from December 2025 on Interiors › Agreement signed with Apollo on 26 April 2026, subject to customary approvals Divestiture › Related assets and liabilit
Slide 3: Agenda
01 H1 2026 - Highlights Agenda 02 03 H1 2026 - Financial Results 2026 Outlook 04 Q&A
Slide 4: Highlights H1 2026
01 Highlights H1 2026
Slide 5: Strategic priorities: Our IGNITE plan in full motion
3 Strategic priorities Our IGNITE plan in full motion BEST -IN -CLASS BUSINESS INVIGORATING Performance Transformation Culture Accelerated Order intake Sale of Interiors Leadership principles cascaded Margin improvement Regionalized Innovation Processes & organization streamlined Stronger, high -qua
Slide 6: H1 performance firmly on track for FY guidance
H1 performance f irmly on track for FY guidance Sales Operating Net Cash Net Debt/ margin Flow Adj. EBITDA* € 10.8 bn 6.0 % 4.1% 1.6X at constant FX vs 5.7% in H1 2025 vs 3.3 % in H1 2025 vs 1.7x at end - 2025 FY 2026 guidance € 20 bn -€ 21bn 6.0 % - 6.5 % ≥ 3.0% 1.5x at constant FX of sales of sale
Slide 7: Performance supported by Industrial Excellence and recognized by Customers
Performance supported by Industrial Excellence and recognized by Customers FURTHER PROGRESS IN INDUSTRIAL EXCELLENCE KEY CUSTOMER AWARDS GM Supplier of the year FORVIA Excellence Focus plants Systems - 18% * Creativity Team of Electric Power Management Ford Supplier of the year Strong improvement in
Slide 8: Accelerating Lighting transformation: profitability first, revenue growth next
Accelerating Lighting transformation: profitability first, revenue growth next Drive profitability improvement Build sales momentum Return to 2025 c.3% operating margin in 2028 Leverage volumes from 2028 Enhance competitiveness Strengthen financial discipline Broaden customer base KEY PRIORITIES Rig
Slide 9: Accelerating Order Intake
Accelerating Order Intake GROWTH CLUSTER Accelerated momentum SEATING › 50% conquest awards across all regions › 27% with Chinese OEMs 60 % € 13.4 bn * of H1 order intake ELECTRONICS Wins in fast -growing technologies › ~€1bn in energy management, SDV and in cabin experience Book to bill 1.5x › Majo
Slide 10: Innovation highlights: advancing automotive transformation
Innovation highlights: advancing automotive transformation ELECTRIFICATION IN -CABIN EXPERIENCE SAFETY & COMFORT 12v Lithium -ion battery pack for electric & hybrid AI agent directing AI -powered SSL | HD the in -cabin Transformer digital lighting experience S eat system fully (Appning ) localized i
Slide 11: New growth opportunities in defense activities
New growth opportunities in defense activities OUR STRENGTHS… Industrial know -how Technology & available capacities + › Design - › Purchasing › Prod uction › Actuators › Radars, cameras, › Battery & energy to-cost power at scale lighting management systems …THAT WE CAN LEVERAGE ON COMPONENTS EXISTI
Slide 12: Culture: powering IGNITE execution
Culture: powering IGNITE execution Building momentum Empowerment yielding Turning our culture and ownership internally tangible results into action >6 ,000 -37% +560 Managers engaged Accident rate * L ocal solidarity actions +16,000 employees worldwide at 0.89 through regional IGNITE Together confer
Slide 13: Focus & Strengthen
H1 performance: continued execution of our strategic plan 2025 - 2028 Focus & Strengthen 2026 Half -Year Results - July 31 st 2026 | 13
Slide 14: Financial Results H1 2026
02 Financial Results H1 2026 New portfolio GROWTH CLUSTER VALUE CLUSTER structure under Technology leadership and growth Performance & cash generation
Slide 15: Profitability up amid soft sales
Profitability up amid soft sales Sales (in €m) 10,986 - 1.9% Sales slightly below auto production: - 2.4 % 10,509 - 20 9 › Organic sales: - 1.9% - 268 › Auto production: - 1.0% Currency impact levelling off › Q1: - €235m H1 2025 Organic change Currencies H1 2026 › Q2: - €33m Operating income (in €m)
Slide 16: Good performance in Americas and Europe, efficient cost flexibilization in China
Good performance in Americas and Europe, efficient cost flexibilization in China SALES PERFORMANCE MARGIN PERFORMANCE ASIA AMERICAS EMEA ASIA › North America increase mainly driven by Clean Mobility € 2.6 bn € 5.3 bn € 2.6 bn € 2.6 bn › China solid margin maintained despite sales drop › Further impr
Slide 17: Growth cluster: improved profitability despite softer sales
Growth cluster: improved profitability despite softer sales Sales 8.0 Operating income (in €bn) Operating margin (in % of sales) Organic Growth Book - to -bill 5.9 1.5x 350 334 - 4.8 % 5.5 5.9% 6.1% + 20 BPS H1 2026 ORDER INTAKE ELECTRONICS 1.6 + 7.3 % 1.7 7.5% 7.3% SEATING 4.3 - 9.3 % 3.8 5.3% 5.5%
Slide 18: Value cluster: overall robust performance
Value cluster: overall robust performance Sales Operating margin (in €bn) Operating margin (in % of sales) Organic Growth 5.1 273 298 + 1.5% 5.0 5.4% 6.0% + 60 BPS CLARION 0.7 + 22.8 % 0.8 2.2% 5.3% 0.3% 4.4% LIGHTING 1.8 - 4.7 % 1.7 12.9% 9.1% LIFECYCLE SOLUTIONS 0.5 0.5 + 4.6 % 9.7% 2.0 7.9% CLEAN
Slide 19: Net income at breakeven
Net income at breakeven Restructuring › Peaked in P&L in €m H1 2025 H1 2026 costs in 2025 Operating income 623 632 REDUCTIONS PPA amortization (92) (88) Restructuring costs (202) (156) Net Finance › Gross finance costs reduced by Other non - recurring result (8) (9) costs € 24 m to € 245 m Net finan
Slide 20: Stronger Net Cash Flow with high quality
Stronger Net Cash Flow with high quality Investments in €M H1 2025 H1 2026 Change FY 2026 projection Operating income 623 632 9 5.3% 4.8% Depreciation and amortization 841 806 (35) 6.0 % -6.5 % 3.3% Cap R&D Adj. EBITDA 1,464 1,438 (26) 2.9% incl. one - off impact of lease option exercise % of sales
Slide 21: Unprecedented organic net debt reduction of €0.5bn
Unprecedented organic net debt reduction of €0.5bn * Net debt * Net debt / Adj. EBITDA (in €m) before IFRS 5 6,010 579 Down 10bps → 1.6x 432 › IFRS 5 impacts leverage as Interiors divestiture 5,507 (36) (40) proceeds are not reflected in net debt 147 1.7x* 1.6x* Interiors transaction expected to clo
Slide 22: Enhanced financial flexibility
Enhanced financial flexibility c. €850m › Including €428m Sound debt profile Schuldschein reimbursed maturities * repaid in July Debt maturity profile as of June 30, 2026 (July 31 pro forma) before Interiors proceeds year -to -date › Active cash management In €m 2026 Repayments Limited refinancing ›
Slide 23: Outlook
03 > 2026 | S Outlook ao FORVIA
Slide 24: Clear focus on disciplined execution in a challenging market
Clear focus on disciplined execution in a challenging market Maintain strict cost discipline H2 2026 -3.2 % Auto production compared to H2 2025 Recover cost inflation -2.0 % -2.3 % -4.1% Manage by cash NORTH AMERICA EUROPE CHINA Close Interiors transaction -0.8 % -2.2 % SOUTH AMERICA ASIA W/O CHINA
Slide 25: FY 2026 Guidance fully confirmed
FY 2026 Guidance fully confirmed Sales Operating Net Cash Net Debt/ margin Flow Adj. EBITDA € 20 bn -€ 21bn 6.0 % -6.5 % ≥3.0 % 1.5X at constant FX ** of sales of sales vs €21.3bn vs 6.0% vs 3.9%*** vs. 1.7x Guidance S&P’s July estimates of The assumption that no material changes occur in tariffs or
Slide 26: FORVIA Inspiring mobility
-ORVIA Inspiring mobility