Schaeffler Ag · XETR:SHA0

Schaeffler — Schaeffler Ag Ord — Q2 2026 Earnings Presentation

36 slides from Schaeffler's earnings presentation, Aug 5, 2026

  1. Slide 1: Q2 2026 Schaeffler AG earnings

    Q2 2026 Schaeffler AG earnings August 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: Executive Summary – The Motion Technology Company further building up

    1 EXECUTIVE SUMMARY Executive Summary – The Motion Technology Company further building up Key messages 1 Mid-term targets 2028 – Market-driven target adjustment on group sales, EBIT margin1 and FCF2 target remains unchanged; hedging logic paying off 2 Good results Q2 2026 – EBIT margin1 improved; VL

  4. Slide 4: Mid-Term Targets 2028 – As communicated during our Capital Market Day 2025

    2 MID-TERM TARGETS Mid-Term Targets 2028 – As communicated during our Capital Market Day 2025 Group E-Mobility Powertrain Vehicle Lifetime Bearings & Industrial & Chassis Solutions Solutions Sales Sales Sales Sales Sales EUR 27 to 29 bn EUR 8.25 to 9 bn EUR 8 to 8.75 bn EUR 3.75 to 4.25 bn EUR 6.75

  5. Slide 5: Mid-Term Targets 2028 updated – Sales adjusted, EBIT margin and FCF confirmed

    2 MID-TERM TARGETS Mid-Term Targets 2028 updated – Sales adjusted, EBIT margin and FCF confirmed Group E-Mobility Powertrain Vehicle Lifetime Bearings & Industrial & Chassis Solutions Solutions Sales Sales Sales Sales Sales EUR 24 to 26 bn EUR 6.25 to 7.25 bn EUR 6.5 to 7.0 bn EUR 8 to 8.75 bn EUR 3

  6. Slide 6: Summary Q2 2026 – Gross margin improvement, visibility for H2 remains limited

    3 OVERVIEW Summary Q2 2026 – Gross margin improvement, visibility for H2 remains limited 1 2 3 4 5 Sales growth1 Q2 Gross margin2 Q2 EBIT margin2 Q2 Free Cash Flow3 Q2 EPS4 H1 -0.3% 20.6% 4.5% EUR -91 mn EUR 0.10 Q2 2026: EUR 5,903 mn Q2 2025: 19.6% Q2 2025: 3.5% Q2 2025: EUR 27 mn H1 2025: EUR 0.05

  7. Slide 7: Q2 Sales growth – Heterogenous development across regions and divisions

    4 BUSINESS PERFORMANCE Q2 Sales growth1 – Heterogenous development across regions and divisions Hedge 1: ICE vs. BEV Powertrain & Vehicle Bearings & E-Mobility Chassis Lifetime Industrial Solutions Solutions Q2 2026 1 % of Group Region sales2 23% 36% 14% 27% growth Europe 47% +13.4% -6.7% -5.5% -3.4

  8. Slide 8: OEM Auto Powertrain – Outperformance in BEV in challenging market environment

    4 BUSINESS PERFORMANCE OEM Auto Powertrain1 – Outperformance in BEV in challenging market environment Outperformance by Powertrain Type2 Order Intake3/ Book-to-Bill4 by Powertrain Type H1 2026 vs H1 2025 H1 2026 Sales growth Market growth Outperformance Sales Order Intake Book-to-Bill BEV 20.7% 11.3

  9. Slide 9: E-Mobility – Strong sales growth mainly driven by Europe, continuous gross margin improvement

    4 BUSINESS PERFORMANCE E-Mobility – Strong sales growth1 mainly driven by Europe, continuous gross margin improvement Highlight • Hybrid module for Chinese OEM Sales growth1 Q2 Order Intake2 Q2 • Multiple awards for power electronics +9.4% EUR 1.3 bn components (400V/800V) for international volume O

  10. Slide 10: Powertrain & Chassis – Sales decline driven by phase-out and China market

    4 BUSINESS PERFORMANCE Powertrain & Chassis – Sales decline1 driven by phase-out and China market, gross margin remains resilient Highlight Nomination received for a hydraulic cam Sales growth1 Q2 Order Intake2 Q2 phaser for medium heavy-duty application -5.1% EUR 1.7 bn • Originally developed for a

  11. Slide 11: Vehicle Lifetime Solutions – Slight sales decline driven by Europe, gross margin further increased

    4 BUSINESS PERFORMANCE Vehicle Lifetime Solutions – Slight sales decline1 driven by Europe, gross margin further increased Highlight Expanding micro and mild hybrid product Sales growth1 Q2 Outperformance2 Q2 48V portfolio and drive synergies through new DC/DC converter -1.2% -3.4pp launches into In

  12. Slide 12: Bearings & Industrial Solutions – Slight sales growth, strong gross margin

    4 BUSINESS PERFORMANCE Bearings & Industrial Solutions – Slight sales growth1, strong gross margin Highlight Sales growth1 Q2 Outperformance2 Q2 • Footprint activities progressing well including consolidation of sites in Schweinfurt and +0.4% -0.9pp Homburg, Berndorf and Taoyuan • Net headcount redu

  13. Slide 13: Full Focus on Execution

    4 BUSINESS PERFORMANCE Proven track record on strategic promises – Top CEO Priorities as presented at the Capital Market Day 1 Further closing the gap to EBIT break-even in E-Mobility, while delivering the orderbook 2 Securing business performance by continuous self-help measures and portfolio optim

  14. Slide 14: E-Mobility Break-even – Softer global EV market, efficiency levers fully on track

    4 BUSINESS PERFORMANCE 1 E-Mobility Break-even – Softer global EV market, efficiency levers fully on track Key aspects Business growth Operational excellence R&D efficiency Overhead cost • Softer global EV market especially in CMD 2025 • Profitable growth in • Platform approach and • R&D right-sizin

  15. Slide 15: Execution of structural measures fully on track – Extension of early retirement option announced

    4 BUSINESS PERFORMANCE 2 Execution of structural measures fully on track – Extension of early retirement option announced Structural measures announced in November 2024 Extension of the existing early retirement option1 HCO Reduction • Given high level of interest in German locations the Executive B

  16. Slide 16: New Growth Humanoid – Business gaining traction

    4 BUSINESS PERFORMANCE 3 New Growth Humanoid – Business gaining traction 1 Customer • Actively working with ~45 humanoid OEMs globally as key players in the emerging humanoid market, US footprint provides competitive advantage with new FCC1 bans • Further increasing strategic investments into the hu

  17. Slide 17: New Growth Defense & New Space – Management team completed

    4 BUSINESS PERFORMANCE 3 New Growth Defense & New Space – Management team completed Key Aspects • STech Defense GmbH established, first class management team with proven track record Position has already been successfully filled, • Strategic partnership to support industrial the candidates name ramp

  18. Slide 18: Capital allocation – Disciplined capital allocation, stable Capital Employed

    4 BUSINESS PERFORMANCE Capital allocation – Disciplined capital allocation, stable Capital Employed Capex Q2 2026 Reinvestment in EUR mn Rate1 Q2 2026 Capex Q2 Reinvestment Rate1 Q2 E-Mob 95 1.0x EUR 196 mn 0.7x PTC 39 0.4x VLS 13 0.7x Q2 2025: EUR 205 mn Q2 2025: 0.6x B&IS 36 0.4x Others 12 Others

  19. Slide 19: Sales and Gross Profit – Flattish Sales with increased Gross profit

    5 FINANCIAL PERFORMANCE Sales and Gross Profit – Flattish Sales with increased Gross profit Sales Gross Profit2 Bridge and margin Q2 2025 vs. Q2 2026 in EUR mn in EUR mn +70 +7 1,218 +25 -0.3%1 5,922 5,903 +37 1,160 -61 -19 Gross Profit Price Volume Mix Production Other costs FX effect Gross Profit

  20. Slide 20: EBIT margin – YoY improvement driven by E-Mobility and B&IS

    5 FINANCIAL PERFORMANCE EBIT margin1 – YoY improvement driven by E-Mobility and B&IS thanks to operational performance EBIT1 EBIT1 Bridge and margin Q2 2025 vs. Q2 2026 in EUR mn in EUR mn +1.0pp +23 264 +51 264 +25 205 -29 205 -12 EBIT Q2 25 Gross Profit R&D SG&A Others FX2 EBIT Q2 26 excl. FX expe

  21. Slide 21: E-Mobility – Ramp-ups in Europe and one-off driving sales growth, EBIT margin improved

    5 FINANCIAL PERFORMANCE E-Mobility – Ramp-ups in Europe and one-off driving sales growth1, EBIT2 margin improved Sales EBIT2 Sales by business division Q2 in EUR mn in EUR mn yoy growth1 +9.4%1 +2.0pp Mechatronics & Modules Electric Drives -6.1% 12% +24.3% 1,368 -15.6% -13.6% 1,238 35% 53% Controls

  22. Slide 22: Powertrain & Chassis – Sales decline in Europe and Greater China, robust EBIT margin

    5 FINANCIAL PERFORMANCE Powertrain & Chassis – Sales1 decline in Europe and Greater China, robust EBIT margin2 Sales EBIT2 Sales by business division Q2 in EUR mn in EUR mn yoy growth1 Chassis Systems -5.1%1 +0.5pp 6% -3.4% 2,223 230 227 2,106 39% Powertrain Solutions -10.9% Engine & Transmission 55

  23. Slide 23: Vehicle Lifetime Solutions – Sales decline driven by Europe, strong EBIT margin

    5 FINANCIAL PERFORMANCE Vehicle Lifetime Solutions – Sales1 decline driven by Europe, strong EBIT margin2 Sales EBIT2 Sales by business division Q23 in EUR mn in EUR mn yoy growth1 -1.2%1 +1.0pp Specialty Business 808 799 120 113 -9.2% 26% Platform Business Repair & Maintenance 6% Solutions +7.8% 68

  24. Slide 24: Bearings & Industrial Solutions – Sales growth in Americas and strong EBIT margin

    5 FINANCIAL PERFORMANCE Bearings & Industrial Solutions – Sales growth¹ in Americas and strong EBIT margin² Sales EBIT2 Sales by business division Q2 in EUR mn in EUR mn yoy growth1 +0.4%1 +3.5pp Linear Motion Aerospace Bearings 1,612 144 +2.5% 6% 6% +6.3% 1,608 39% Automotive Bearings 49% Industria

  25. Slide 25: Free Cash Flow – Negative in Q2, impacted by restructuring and integration cash outs

    5 FINANCIAL PERFORMANCE Free Cash Flow1 – Negative in Q2, impacted by restructuring and integration cash outs Free Cash Flow before M&A1 FCF Bridge Q2 2026 in EUR mn in EUR mn 541 -118 -10 27 -196 -74 -53 -299 -91 EBITDA Q2 26 ∆ Net Working Capex Net Interest Taxes Others FCF Q2 261 Capital Key Aspe

  26. Slide 26: Debt Profile – Well-balanced maturity profile and successful bond placement in Q2

    5 FINANCIAL PERFORMANCE Debt Profile – Well-balanced maturity profile and successful bond placement in Q2 Reported net financial debt and Leverage ratio1 Maturity Profile Schaeffler Group as of June 30 in EUR mn in EUR mn 5,545 1,525 5,255 5,108 5,143 1,207 76 1,421 1,357 5,013 149 57 4,915 264 76 5

  27. Slide 27: FY 2026 Guidance – On track to achieve our 2026 targets

    6 OUTLOOK FY 2026 Guidance – On track to achieve our 2026 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 H1 2026: 11.7 H1 2026: 2.6 H1 2026: 4.2 H1 2026: 1.6

  28. Slide 28: Outlook – Financial calendar

    6 OUTLOOK Outlook – Financial calendar Financial calendar and selected IR events 2026 Aug 5 Q2 2026 Earnings Release Aug 6 Citi Q2 Roadshow – Virtual Aug 27 Montega Investor Days – Hamburg Sep 1 Goldman Sachs Asian Leader Conference – Hong Kong Sep 3 BofA Virtual “Back to School” Autos Field Trip –

  29. Slide 29: Backup

  30. Slide 30: 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

  31. Slide 31: Market assumptions 2026

    BACKUP Market assumptions 2026 Global LVP1 Global and regional LV Parc2 Global and regional Industrial Production3 93.1 FY2026e 3.6% FY2026e 91.1 3.1% 2.7% World 1.9% 45.2 47.9 44.8 46.4 1.9% World 1.3% 0.5% H1 H2 2025 H1 H2 2026e Europe Americas Greater China Asia/Pacific -0.2% yoy vs. 2025 -2.1% E

  32. Slide 32: OEM Auto Powertrain – Outperformance in BEV

    BACKUP OEM Auto Powertrain1 – Outperformance in BEV Outperformance by Powertrain Type2 Order Intake3/ Book-to-Bill4 by Powertrain Type Q2 2026 vs Q2 2025 Q2 2026 Sales growth Market growth Outperformance Sales Order Intake Book-to-Bill BEV 21.6% 16.6% +5.0pp BEV 452 mn 640 mn 1.4x HEV 8.2% 13.0% -4.

  33. Slide 33: Key figures 2026 by division

    BACKUP Key figures 2026 by division Group Q1 26 Q2 26 Q3 26 Q4 26 H1 26 VLS Q1 26 Q2 26 Q3 26 Q4 26 H1 26 in EUR mn in EUR mn Sales 5,764 5,903 11,667 Sales 801 799 1,601 Sales growth1 +1.0% -0.3% +0.4% Sales growth1 +0.9% -1.2% -0.1% Gross Profit2 1,243 1,218 2,461 Gross Profit2 260 258 517 Gross P

  34. Slide 34: 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

  35. Slide 35: Overview corporate and financing structure

    BACKUP Overview corporate and financing structure Financing structure as of June 30, 2026 IHO Verwaltungs GmbH A Corporate structure (simplified) as of June 30, 2026 Debt instrument Nominal USD mn Nominal EUR1 mn Interest Maturity Rating Fitch/Moody’s/S&P Loans RCF (EUR 1,000 mn) - - E+3.75% Feb-29

  36. Slide 36: SCHAEFFLER

    SCHAEFFLER

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