Schaeffler Ag · XETR:SHA0

Schaeffler — Schaeffler Ag Ord — Q1 2026 Earnings Presentation

28 slides from Schaeffler's earnings presentation, May 5, 2026

  1. Slide 1: Q1 2026 Schaeffler AG earnings

    Q1 2026 Schaeffler AG earnings May 5, 2026 Herzogenaurach Copyright Schaeffler AG, 2026 – All rights reserved. |

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements. The words “anticipate”, This presentation is intended to provide a general overview of Schaeffler Group’s “assume”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “project”, “should” business and does not purport to deal wi

  3. Slide 3: Summary Q1 2026 – Good start into the year, while geopolitical tensions increasing

    1 OVERVIEW Summary Q1 2026 – Good start into the year, while geopolitical tensions increasing 1 2 3 4 5 Sales growth1 Q1 Gross margin2 Q1 EBIT margin2 Q1 Free Cash Flow3 Q1 EPS4 Q1 +1.0% 21.6% 5.0% EUR -209 mn EUR 0.06 Q1 2026: EUR 5,764 mn Q1 2025: 21.7% Q1 2025: 4.7% Q1 2025: EUR -155 mn Q1 2025:

  4. Slide 4: Q1 Sales growth – Heterogeneous development across regions and divisions

    2 BUSINESS PERFORMANCE Q1 Sales growth1 – Heterogenous development across regions and divisions, growth at group level Hedge 1: ICE vs. BEV Powertrain & Vehicle Bearings & E-Mobility Chassis Lifetime Industrial Solutions Solutions Q1 2026 1 % of Group Region sales2 21% 37% 14% 27% growth Europe 48%

  5. Slide 5: OEM Auto Powertrain – Outperformance in all powertrain types

    2 BUSINESS PERFORMANCE OEM Auto Powertrain1 – Outperformance in all powertrain types Outperformance by Powertrain Type2 Order Intake3/ Book-to-Bill4 by Powertrain Type Q1 2026 vs Q1 2025 Q1 2026 Sales growth Market growth Outperformance Sales Order Intake Book-to-Bill BEV 16.4% 12.4% +4.0pp BEV 351

  6. Slide 6: E-Mobility – Good sales growth driven by Europe and Asia/Pacific

    2 BUSINESS PERFORMANCE E-Mobility – Good sales growth1 driven by Europe and Asia/Pacific, continues gross margin improvement Highlight • Gearbox for Chinese volume OEM for Sales growth1 Q1 Order Intake2 Q1 electrified vehicles awarded +6.0% EUR 1.2 bn • First order intake for software-defined vehicl

  7. Slide 7: Powertrain & Chassis – Sales growth slightly negative, gross margin high

    2 BUSINESS PERFORMANCE Powertrain & Chassis – Sales growth¹ was slightly negative, while gross margin remained at a high level Highlight NOx sensor originally used in automotive Sales growth1 Q1 Order Intake2 Q1 applications -1.8% EUR 1.4 bn • Now deployed also in off-highway applications Q1 2026: E

  8. Slide 8: Vehicle Lifetime Solutions – Sales growth fueled by Greater China and Asia/Pacific

    2 BUSINESS PERFORMANCE Vehicle Lifetime Solutions – Sales growth1 fueled by Greater China and Asia/Pacific, strong gross margin Highlight • Platform Business growth1 driven by Sales growth1 Q1 Outperformance2 Q1 B2B e-commerce platforms ETC in China. +0.9% -1.2pp Now serving >6,800 retail partners i

  9. Slide 9: Bearings & Industrial Solutions – Resilient sales growth and solid gross margin

    2 BUSINESS PERFORMANCE Bearings & Industrial Solutions – Resilient sales growth¹ and a solid gross margin Highlight Space activities evolving: Our high-precision Sales growth1 Q1 Outperformance2 Q1 bearings at work in two critical places at +1.6% +2.3pp Artemis II • Inside the engine turbopumps spin

  10. Slide 10: New Growth – Actuator platform strengthens position in humanoid ecosystem

    2 BUSINESS PERFORMANCE New Growth – Actuator platform further strengthens our position in the humanoid ecosystem 1 Customer • Engaged with all strategically relevant humanoid players, already ~30 prototype orders and 5 contracts secured, ongoing contract negotiations to further build the orderbook •

  11. Slide 11: Capital allocation – Disciplined capital allocation with reduction of Capital Employed

    2 BUSINESS PERFORMANCE Capital allocation – Disciplined capital allocation with further reduction of Capital Employed Capex Q1 2026 Reinvestment in EUR mn Rate1 Q1 2026 Capex Q1 Reinvestment Rate1 Q1 E-Mob 106 1.0x EUR 237 mn 0.5x PTC 64 0.3x VLS 6 0.4x Q1 2025: EUR 250 mn Q1 2025: 0.6x B&IS 53 0.4x

  12. Slide 12: Sales and Gross Profit – Stable Gross profit, unfavorable FX

    3 FINANCIAL PERFORMANCE Sales and Gross Profit – Sales and operational performance, stable Gross profit, unfavorable FX Sales Gross Profit2 Bridge and margin Q1 2025 vs. Q1 2026 in EUR mn in EUR mn +67 +1.0%1 +27 5,924 1,283 5,764 -14 -59 -3 0 1,243 -57 Gross Price Volume Mix Production Other costs

  13. Slide 13: EBIT margin – YoY improvement driven by E-Mobility

    3 FINANCIAL PERFORMANCE EBIT margin1 – YoY improvement driven by E-Mobility and solid results across PTC, VLS and B&IS EBIT1 EBIT1 Bridge and margin Q1 2025 vs. Q1 2026 in EUR mn in EUR mn +21 +0.3pp 285 +17 276 +25 285 276 -32 -21 EBIT Q1 25 Gross Profit R&D SG&A Others FX2 EBIT Q1 26 excl. FX expe

  14. Slide 14: E-Mobility – Successful product ramp-ups driving sales growth and EBIT margin

    3 FINANCIAL PERFORMANCE E-Mobility – Successful product ramp-ups driving sales growth1 and EBIT2 margin improvement Sales EBIT2 Sales by business division Q1 in EUR mn in EUR mn yoy growth1 Electric Drives +6.0%1 +5.3pp Mechatronics & Modules 14% -1.1% 1,210 -4.8% 1,167 -23.1% -17.8% 28% Controls 59

  15. Slide 15: Powertrain & Chassis – Sales decline, double-digit EBIT margin confirmed

    3 FINANCIAL PERFORMANCE Powertrain & Chassis – Sales1 decline mainly in Europe and Greater China, double-digit EBIT margin2 confirmed Sales EBIT2 Sales by business division Q1 in EUR mn in EUR mn yoy growth1 Chassis Systems -1.8%1 -1.2pp 6% -6.3% 2,278 290 2,141 246 38% Powertrain Solutions -5.5% En

  16. Slide 16: Vehicle Lifetime Solutions – Sales growth allows robust EBIT margin

    3 FINANCIAL PERFORMANCE Vehicle Lifetime Solutions – Overall sales growth1 allows for continued robust EBIT margin2 Sales EBIT2 Sales by business division Q13 in EUR mn in EUR mn yoy growth1 +0.9%1 +0.4pp Specialty Business 813 801 126 128 -2.5% 27% Platform Business Repair & Maintenance 6% Solution

  17. Slide 17: Bearings & Industrial Solutions – Continued growth in Greater China

    3 FINANCIAL PERFORMANCE Bearings & Industrial Solutions – Continued growth¹ in Greater China, with a solid EBIT margin² Sales EBIT2 Sales by business division Q1 in EUR mn in EUR mn yoy growth1 Linear Motion Aerospace Bearings +1.6%1 -1.0pp 1,625 162 -8.8% 6% 6% +13.4% 1,573 142 38% Automotive Beari

  18. Slide 18: Free Cash Flow – Seasonal negative from restructuring cash-outs

    3 FINANCIAL PERFORMANCE Free Cash Flow1 – Seasonal negative influenced restructuring cash-outs and advance customer payments Free Cash Flow before M&A1 FCF Bridge Q1 2026 in EUR mn in EUR mn 593 -54 -169 -237 -70 -209 -97 -230 EBITDA Q1 26 ∆ Net Working Capex Net Interest Taxes Others FCF Q1 261 Cap

  19. Slide 19: Debt Profile – Well-balanced maturity profile and strong liquidity

    3 FINANCIAL PERFORMANCE Debt Profile – Well-balanced maturity profile and strong liquidity position Reported net financial debt and Leverage ratio1 Maturity Profile Schaeffler Group as of March 31 in EUR mn in EUR mn 5,255 1,455 1,576 5,013 5,108 5,143 76 1,357 4,915 76 200 729 507 785 789 642 750 5

  20. Slide 20: FY 2026 Guidance – On track to achieve our targets

    4 OUTLOOK FY 2026 Guidance – On track to achieve our targets Powertrain Vehicle Lifetime Bearings & Schaeffler Group E-Mobility & Chassis Solutions Industrial Solutions Sales 22.5 to 24.5 5.2 to 5.8 8.0 to 8.6 3.1 to 3.3 6.2 to 6.7 in EUR bn Q1 2026: 5.8 Q1 2026: 1.2 Q1 2026: 2.1 Q1 2026: 0.8 Q1 202

  21. Slide 21: Outlook – Financial calendar

    4 OUTLOOK Outlook – Financial calendar Financial calendar and selected IR events 2026 May 5 Q1 2026 Earnings Release May 6 JPM Q1 Roadshow – Virtual May 13 UBS Best of Europe Conference – Virtual May 18 - 19 BNP EV and Mobility Conference – Hong Kong May 19 - 20 DB Autos, Mobility & Robotics Confere

  22. Slide 22: Backup

  23. Slide 23: Ancillary comments 2026 – Additional KPIs and parameter

    BACKUP Ancillary comments 2026 – Additional KPIs and parameter Additional KPIs FY 2026 Comments Reinvestment Rate Slightly below 1.0 Focus on investments in new business and innovation & technology Restructuring cash-out incl. Around EUR 350 mn Significant portion due to structural measures integrat

  24. Slide 24: Market assumptions 2026

    BACKUP Market assumptions 2026 Global LVP1 Global and regional LV Parc2 Global and regional Industrial Production3 FY2026e 4.0% FY2026e 4.5% 24.8 93.1 91.4 23.1 World 2.6% 3.0% World 22.9 1.6% 1.6% 22.3 21.5 1.0% 1.1% Q1 Q2 Q3 Q4 2025 Q1 2026e S&P Europe Americas Greater China Asia/Pacific Europe Am

  25. Slide 25: Key figures 2026 by division

    BACKUP Key figures 2026 by division Group Q1 26 Q2 26 Q3 26 Q4 26 FY 26 VLS Q1 26 Q2 26 Q3 26 Q4 26 FY 26 in EUR mn in EUR mn Sales 5,764 Sales 801 Sales growth1 +1.0% Sales growth1 +0.9% Gross Profit2 1,243 Gross Profit2 260 Gross Profit margin2 21.6% Gross Profit margin2 32.4% EBIT2 285 EBIT2 128

  26. Slide 26: Key figures 2025 by division

    BACKUP Key figures 2025 by division Adjusted comparative figures 2025 Group Q1 25 Q2 25 Q3 25 Q4 25 FY 25 VLS Q1 25 Q2 25 Q3 25 Q4 25 FY 25 in EUR mn in EUR mn Sales 5,924 5,922 5,826 5,820 23,492 Sales 813 808 769 765 3,156 Sales growth1 -2.9% -2.2% +1.3% +1.6% -0.6% Sales growth1 +10.7% +2.3% +2.3

  27. Slide 27: Overview corporate and financing structure

    BACKUP Overview corporate and financing structure Financing structure as of March 31, 2026 IHO Verwaltungs GmbH Corporate structure (simplified) as of March 31, 2026 A Debt instrument Nominal Nominal Interest Maturity Rating USD mn EUR1 mn Fitch/Moody’s/S&P Loans RCF (EUR 1,000 mn) - 100 E+3.75% Feb

  28. Slide 28: SCHAEFFLER

    SCHAEFFLER

Schaeffler Ag Ord — Q1 2026 Earnings Presentation on 6ix