Elringklinger Ag · XETR:ZIL2
Elringklinger — Investor Day (November 2022)
128 slides from Elringklinger's investor day presentation, Nov 18, 2022
Slide 1: Capital Markets Day
Capital Markets Day November 18, 2022 Welcome Dr. Stefan Wolf | CEO
Slide 2: Next Generation Products
Next Generation Products @
Slide 3: Drivetrain Technology
Drivetrain Technology 3
Slide 4: Battery Technology
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Slide 5: Fuel Cell Technology
Fuel Cell Technology 5
Slide 6: Lightweighting/Elastomer Technology
Lightweighting/ Elastomer Technology 6
Slide 7: Agenda
Capital Markets Day 2022 Agenda 09:00 Welcome Dr. Stefan Wolf 09:15 The ElringKlinger Story Dr. Stefan Wolf 10:00 ElringKlinger: Established Supplier for E-Mobility Products Jürgen Weingärtner 10:40 Coffee Break 10:50 EKPO: Driving Hydrogen Solutions for a Sustainable Future Dr. Gernot Stellberger 1
Slide 8: The ElringKlinger Story
Capital Markets Day November 18, 2022 The ElringKlinger Story Dr. Stefan Wolf | CEO
Slide 9: Megatrends trigger technological transformation process
ElringKlinger Megatrends trigger technological transformation process Urbanization Safety systems Scarcity of resources Autonomous driving Global megatrends Globalization transform the Efficient propulsion automotive industry Technological progress Connectivity Climate change Shared mobility Capital
Slide 10: Three major fields of activity
Group strategy Three major fields of activity Product portfolio 1 • Acting in a growing and transforming market • Strong backbone in classical business while positioned for future through transformed portfolio Digitization and process optimization 2 • Implementing a comprehensive approach in adminis
Slide 11: Automotive remains a growing market
Group strategy: Product portfolio Automotive remains a growing market Global light vehicle production – in million units CAGR +1% +6.0% +4.2% +3.5% 93.0 95.0 96.4 89.0 90.4 91.8 85.3 88.1 81.8 74.6 77.2 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Source: IHS (10/2022) Capital Markets Da
Slide 12: Strong growth in new technologies, slow decrease in ICE
Group strategy: Product portfolio Strong growth in new technologies, slow decrease in ICE Global light vehicle production by powertrain – in million units New technologies ICE 68.6 CAGR +25% CAGR 87.0 -4% 45.5 39.2 5.5 72.2 72.2 73.1 69.3 7.5 10.0 13.1 57.2 21.1 24.4 21.9 81.5 29.4 7.4 10.0 15.0 8
Slide 13: Electrification in major auto regions throughout the decade
Group strategy: Product portfolio Electrification in major auto regions throughout the decade Light vehicle production by region and propulsion system – in million units +17% 17.0 11.7 60% 41% 5.6 +16% 26.9 26% +21% 10.3 59% 40% 18.9 74% 66% 6.4 55% 2022 2025 2029 58% 9.3 2.7 43% Europe 45% 60% 34
Slide 14: Strategic approach corresponds to market demand
Group strategy: Product portfolio Strategic approach corresponds to market demand Classic market Classic business units (BUs) Managing the demand • High dependency on ICE technology Capitalizing in the classical business • Established customers strong market position Developing new products • Esta
Slide 15: Capitalizing strong market position in ICE business
Group strategy: Product portfolio Capitalizing strong market position in ICE business Cylinder-head Gaskets Special Gaskets Heat Shielding Systems Lightweighting • Strong market position of already proven products • High expertise as a result of long-term experience in R&D and production over past
Slide 16: Transformation through products for mobility of future
Group strategy: Product portfolio Transformation through products for mobility of future Gaskets Shielding Technology Elastomer Technology Lightweighting • Cover with integrated • R&D activities for inno- • Sealing of battery • New products around gasket applied for high vative battery cover housi
Slide 17: Key areas for future mobility in innovative technologies
Group strategy: Product portfolio Key areas for future mobility in innovative technologies Structural Lightweighting Fuel Cell Technology Battery Technology Drivetrain • Strong development • Joint company with • New center of • Addressing particularly over past years Plastic Omnium competence in N
Slide 18: Two growth tracks for new mobility: systems and components
Group strategy: Product portfolio Two growth tracks for new mobility: systems and components • Developed over the past decades Stacks and systems • Mass market production in fuel cell business, niche markets for battery systems and electric drive units • Mainly in ramp-up phase • Recognized in sal
Slide 19: Fuel cell technology is essential for mobility of the future
Group strategy: Product portfolio Fuel cell technology is essential for mobility of the future Total Cost of Ownership for Long Haul Truck in 2030 – in EUR/km Comparison of incremental recharging vs. refuelling investment (Illustrative scenario) (Capex to serve 1,000 passenger vehicles, USD millio
Slide 20: Transformation and innovations push content per car
Group strategy: Product portfolio Transformation and innovations push content per car Selective indicative examples for ElringKlinger’s rising content per vehicle – in EUR ICE NON-ICE Cylinder-head gasket 3-9 Cell contacting system 100 - 300 Cylinder-head gasket 3-9 Bipolar plates* 350 - 600 Exhau
Slide 21: Changing the mindset by internal transformation
Group strategy: Digitization and process optimization Changing the mindset by internal transformation • Optimization of processes with main directions: − Robustness of production − Global harmonization and standardization − Automation • Defining roles, responsibilities and workflows • Method: Defi
Slide 22: Internal transformation driven by digitization
Group strategy: Digitization and process optimization Internal transformation driven by digitization • Cross-sectional digitization approach for developing a holistic implementation strategy • Three main tasks: − Being more efficient in existing scope of activities − Improving value of products −
Slide 23: Sustainability is a key priority for ElringKlinger
Group strategy: Sustainability Sustainability is a key priority for ElringKlinger Total CO2 emissions – in million metric ton* 1990 +58% 2020 • Limitation of global heating is key for protecting the environment 35,963 Transport sector • European Green Deal with clear target to make accounts for Eu
Slide 24: Broad product portfolio enabling green mobility
Group strategy: Sustainability Broad product portfolio enabling green mobility ICE Parts Lightweighting (e.g. Gaskets & Shields) Components Fuel Cell Technology Battery Technology Drivetrain Technology Higher temperature and/or Less weight Higher range Alternative technology Alternative technology
Slide 25: On track to be CO2-neutral by 2030
Group strategy: Sustainability On track to be CO2-neutral by 2030 Scope-1 and Scope-2 emissions – in metric tons -19% Reduction of CO2 and energy efficiency -2.5 % CO2 emissions p.a. at every production site (base: 2019) 110.8 110.3 • Increase energy efficiency of buildings and machines • Optimize
Slide 26: Three major segments, one of them leading in size
ElringKlinger Three major segments, one of them leading in size Original Equipment Aftermarket 79% Sales: EUR 1,280 million 13% Sales: EUR 215 million Employees: 8,204 of Group sales Employees: 286 of Group sales Lightweighting/ Metal Sealing Systems & Shielding Technology Elastomer Technology Drive
Slide 27: Aftermarket: successful segment independent of cycles
ElringKlinger Aftermarket: successful segment independent of cycles Original Equipment Aftermarket 79% Sales: EUR 1,280 million 13% Sales: EUR 215 million Employees: 8,204 of Group sales Employees: 286 of Group sales Lightweighting/ Metal Sealing Systems & Shielding Technology Elastomer Technology D
Slide 28: Leveraging the growth potential
Aftermarket segment Leveraging the growth potential Tapping the growth potential in • North America, esp. USA • South America, esp. Brazil • Northern Africa • Asia, esp. India Selective expansion of strong market position in • Western Europe incl. Germany • Eastern Europe • Middle East Strong growth
Slide 29: Cost discipline and optimization are key success factors
Aftermarket segment Cost discipline and optimization are key success factors Optimizing existing product portfolio Broadening product range for new technologies in line with market expansion Enhancing supply chain through regional warehouse locations and optimization of stocks Continuing cost discip
Slide 30: Engineered Plastics: Innovations in high-performance plastics
ElringKlinger Engineered Plastics: Innovations in high-performance plastics Original Equipment Aftermarket 79% Sales: EUR 1,280 million 13% Sales: EUR 215 million Employees: 8,204 of Group sales Employees: 286 of Group sales Lightweighting/ Metal Sealing Systems & Shielding Technology Elastomer Tech
Slide 31: Strong sales and earnings contribution across cycles
Engineered Plastics segment Strong sales and earnings contribution across cycles Different characteristics: short-term orders, small lot sizes, broad range of market segments Securing future growth by − Expanding into new market segments, e.g. hydrogen sector − Further developing new markets, e.g. C
Slide 32: Leveraging the transformed product portfolio
Summarizing Leveraging the transformed product portfolio • Significant increase in demand for alternative drive technologies • ElringKlinger with great potential thanks to already transformed product portfolio, particularly in the strategic future fields of − Fuel cell − Battery − Electric drive uni
Slide 33: Upcoming sessions: Strategic future areas for the Group
ElringKlinger Upcoming sessions: Strategic future areas for the Group Original Equipment Aftermarket 79% Sales: EUR 1,280 million 13% Sales: EUR 215 million Employees: 8,204 of Group sales Employees: 286 of Group sales Lightweighting/ Metal Sealing Systems & Shielding Technology Elastomer Technology
Slide 34: Agenda
Capital Markets Day 2022 Agenda 09:00 Welcome Dr. Stefan Wolf 09:15 The ElringKlinger Story Dr. Stefan Wolf 10:00 ElringKlinger: Established Supplier for E-Mobility Products Jürgen Weingärtner 10:40 Coffee Break 10:50 EKPO: Driving Hydrogen Solutions for a Sustainable Future Dr. Gernot Stellberger 1
Slide 35: Established supplier in Battery Technology
Capital Markets Day November 18, 2022 Established supplier in Battery Technology Jürgen Weingärtner Vice President Electric Drive & Battery Technology
Slide 36: Product portfolio scaled up from component to systems
Battery Technology Product portfolio scaled up from component to systems Cell connector Cell housing & cap Battery management Battery Module Battery pack (Start of serial components system (BMS) (Cylindric cells) (Cylindric cells) production in (Development 2011) program (IPCEI)) Simulation, testing
Slide 37: A cycle of continuous improvement
Battery Technology A cycle of continuous improvement Pressure Equalizing Systems improve Units components Battery Lid Cell Contacting System PHEV Modul Components improve systems 21,700 Modul Capital Markets Day | November 18, 2022 37
Slide 38: Full vertical integration of R&D department
Battery Technology Full vertical integration of R&D department • Complete advanced research and development team • Complete product development team • Full testing capabilities (advance and product testing) on all levels from cell to pack • Full prototype capabilities Capital Markets Day | November
Slide 39: Opportunities to deepen value chain in modules
Battery Technology Opportunities to deepen value chain in modules Prismatic cell format Cylindric cell format Components to be covered by other business units (Lightweighting/Elastomer Technology and Shielding Technology) Plastic cover Cell contacting system Internal production Cell Purchased Plasti
Slide 40: Opportunities to deepen value chain in systems
Battery Technology Opportunities to deepen value chain in systems Components to be covered by other business units (Lightweighting/Elastomer Technology and Shielding Technology) Stainless steel cover Copper busbars Modules Internal production Cooling (Aluminum/stainless steel) Aluminum/stainless ste
Slide 41: Modules & systems in pouch, prismatic, and cylindric format
Battery Technology Modules & systems in pouch, prismatic, and cylindric format • Production in new Center of Excellence in Neuffen, close to Dettingen/Erms, opened in January 2021 • Targeting niche markets • New contract for prototypes of battery systems received in 2021 • Including development, sup
Slide 42: ElringKlinger awarded large-scale battery parts order
Battery Technology ElringKlinger awarded large-scale battery parts order • Initially based on core competencies gained in ICE technologies, e.g. plastic injection molding, metal treatment • First serial production of E-Mobility components started in 2012 • Targeting mass market • New large scale con
Slide 43: Innovative cell housing design as part of European IPCEI
Battery Technology Innovative cell housing design as part of European IPCEI • IPCEI funding* for innovative battery cell house design • Total funding volume of EUR 33.8m by end of 2026 • Some key technological facts: • Innovative sealing with potting material, in addition simpler geometries of singl
Slide 44: Location structure with Central European focus
Battery Technology Location structure with Central European focus Thale • Battery Technology established in 2018 • Production area of 5,000 m² • 60 employees Neuffen • Battery Technology established in 2021 • Production area of 14,000 m² • Testing area of 2,000 m² • Approx. 150 employees Dettingen/E
Slide 45: Inside Thale
Battery Technology Inside Thale Capital Markets Day | November 18, 2022 45
Slide 46: High-performance Drivetrain Technology
Capital Markets Day November 18, 2022 High-performance Drivetrain Technology Jürgen Weingärtner Vice President Electric Drive & Battery Technology
Slide 47: Using the joint power of two strong partners
Drivetrain Technology Using the joint power of two strong partners 24.7% 53% 47% • Expertise in industrialization • High quality engineering • Worldwide production capacity • Various testing capacities • Design to cost and manufacturing • Expertise in system engineering • High flexibility with small
Slide 48: Clearly defined product portfolio
Drivetrain Technology Clearly defined product portfolio 2x High-Performance 2x High-Compact Coaxial Offset Torque Vectoring EDU Torque Vectoring EDU Images PE PE Schematics PE PE PE PE TM EM EM TM EM EM TM TM EM TM TM EM • Modular devices • Modular devices • Modular devices • Modular devices Advanta
Slide 49: Drivetrain business unit in production ramp-up phase
Drivetrain Technology Drivetrain business unit in production ramp-up phase • Based on strategic cooperation with hofer powertrain since 2017 • Minority stake in parent company hofer powertrain • Majority stake in producing entities („hofer powertrain products“) • Targeting high-end sports and luxury
Slide 50: Value chain approach: Drivetrain System
Drivetrain Technology Value chain approach: Drivetrain System Electric Motor Power Electronic End of Assembly Assembly Assembly Assembly Line Housing Shafts and Gears Capital Markets Day | November 18, 2022 50
Slide 51: Opportunity to deepen value chain within the Group
Drivetrain Technology Opportunity to deepen value chain within the Group Rotor/stator Component to be covered by Business Unit Metal Sealing Systems & Drivetrain Components Capital Markets Day | November 18, 2022 51
Slide 52: Location structure with European focus
Drivetrain Technology Location structure with European focus Solihull • Production area of 1,200 m² • 38 employees Neuffen • Production area of 14,000 m² • Testing area of 2,000 m² • Office area with 400 employees • Approx. 150 employees Capital Markets Day | November 18, 2022 52
Slide 53: Inside Neuffen
Drivetrain Technology Inside Neuffen Capital Markets Day | November 18, 2022 53
Slide 54: In the middle of ramp-up phase
E-Mobility: Battery & Drivetrain Technology In the middle of ramp-up phase Today Tomorrow • Business unit with innovative • Established player for new drive products for e-mobility in technologies with strong sales start-up situation and earnings contribution • Focus on Europe • Global positioning •
Slide 55: Agenda
Capital Markets Day 2022 Agenda 09:00 Welcome Dr. Stefan Wolf 09:15 The ElringKlinger Story Dr. Stefan Wolf 10:00 ElringKlinger: Established Supplier for E-Mobility Products Jürgen Weingärtner 10:40 Coffee Break 10:50 EKPO: Driving Hydrogen Solutions for a Sustainable Future Dr. Gernot Stellberger 1
Slide 56: EKPO: Driving hydrogen solutions for a sustainable future
Capital Markets Day November 18, 2022 EKPO: Driving hydrogen solutions for a sustainable future Dr. Gernot Stellberger Managing Director EKPO Fuel Cell Technologies
Slide 57: At a glance
EKPO Fuel Cell Technologies At a glance Headquartered close to Stuttgart in Dettingen/Erms More than 190 employees Focus on global fuel cell business Production capacity of up to 10,000 units p.a. available More than 160 patents Capital Markets Day | November 18th, 2022 57
Slide 58: A leading position in fuel cell technology
EKPO Fuel Cell Technologies A leading position in fuel cell technology 60% 40% A German-French joint venture of strong partners, headquartered in the center of Europe Technology leadership Sales >1.6 bn EUR* for fuel cell stacks and components Sales >8 bn EUR* 45 factories 131 factories Assembly ~10
Slide 59: Early move based on core competencies
Strategy Early move based on core competencies Start of fuel cell stack development Component | Product (graphitic bipolar plate) Customized Start of stack Start of stack SOP NM5evo SOP NM12 single SOP NM12 twin development of development development (76 kW) (123 kW) (205 kW) metallic bipolar plate
Slide 60: Resulting in a technically leading product portfolio
Strategy Resulting in a technically leading product portfolio Media modules NM5-EVO NM12 NM12-TWIN Bipolar plates EKPO offers innovative, production-ready fuel cell solutions and meets the requirements of a wide range of markets in both mobile and stationary sector. Capital Markets Day | November 18
Slide 61: Emission-free mobility for every industry
Markets Emission-free mobility for every industry Passenger Cars Off-highway • Small installation spaces • Difficult operating conditions • Need for high volumes • Continuous or multiple shift operation necessary • Everyday usability of the vehicles Light Commercial Vehicles Trains • Long-distance c
Slide 62: Rising number of fuel cell vehicles expected
Markets Rising number of fuel cell vehicles expected Market potential of fuel cells in light vehicle segment – in units p.a. CAGR +29% 16,931 7,704 2020 2021 2022e 2023e 2025e 2029e Source: BMW Source: IHS (10/2022) Capital Markets Day | November 18, 2022 62
Slide 63: Truck sector turns its attention to fuel cell drives
Markets Truck sector turns its attention to fuel cell drives Publicly announced medium & heavy-duty fuel cell truck projects +186% 60 21 December 2019 November 2022 Source: DAF Source: ElringKlinger Research Team Capital Markets Day | November 18, 2022 63
Slide 64: Growth of fuel cell light vehicles from mid of decade onward
Markets Growth of fuel cell light vehicles from mid of decade onward Market potential of light vehicle segment – in thousand units p.a. 7 PWC (2017) Hydrogen Council Frost & Sullivan (2018) • Scenario analysis shows potential for more than 5 million 6 Hydrogen Council (2017, derived figures) fuel ce
Slide 65: Strong increase of fuel cell trucks in second half of decade
Markets Strong increase of fuel cell trucks in second half of decade Market potential of medium and heady-duty truck segment – in thousand units p.a. 400 350 • Analysis based on a BCG study results in market size of about 300,000 fuel cell trucks by 2030 in China, Europe 300 and USA 250 200 • Additi
Slide 66: EKPO technology already proven in passenger cars
Applications EKPO technology already proven in passenger cars Capital Markets Day | November 18, 2022 66
Slide 67: Enabling emission-free driving over long distances
Applications Enabling emission-free driving over long distances Source: H2Haul Capital Markets Day | November 18, 2022 67
Slide 68: Especially suitable for buses with high frequency of use
Applications Especially suitable for buses with high frequency of use Source: Safra Capital Markets Day | November 18, 2022 68
Slide 69: Clean technology for flexible use in commercial vehicles
Applications Clean technology for flexible use in commercial vehicles Capital Markets Day | November 18, 2022 69
Slide 70: High emission-free performance in motor racing
Applications High emission-free performance in motor racing Source: GCK Capital Markets Day | November 18, 2022 70
Slide 71: Off-road in continuous operation, e.g. in logistics at ports
Applications Off-road in continuous operation, e.g. in logistics at ports Source: Terberg Capital Markets Day | November 18, 2022 71
Slide 72: High power density as differentiating factor
Applications High power density as differentiating factor Source: Airbus Capital Markets Day | November 18, 2022 72
Slide 73: Marine solutions for boats and ships
Applications Marine solutions for boats and ships Capital Markets Day | November 18, 2022 73
Slide 74: Deep value creation along the value chain
Production Deep value creation along the value chain Completion of stack module Manufacturing SoGDL Automated stacking Coated coil Manufacturing Assembly of MEA Bipolar plate CCM Pre- Pre- Stack Stack Final End of PEM Stack Process Assembly Assembly Compression Assembly Line Shipment GDL Injection m
Slide 75: A difference: capacities for serial production already installed
Production A difference: capacities for serial production already installed Expertise in industrial-scale production • Highly efficient, automated manufacturing processes • Reproduceable quality through 100% inline quality control and 100% traceability • Industrialized design of stack module and com
Slide 76: Moving from prototype to serial production
Production Moving from prototype to serial production Capital Markets Day | November 18, 2022 76
Slide 77: Global industrialization for tapping the growth potential
Strategy Global industrialization for tapping the growth potential Headquarters in Dettingen, DE center of expertise Capital Markets Day | November 18, 2022 77
Slide 78: First step: successful establishment of EKPOCI
Strategy First step: successful establishment of EKPOCI On May 24th, 2022 – Signing Ceremony EKPO China On July 28th, 2022 – Signing of Investment Agreement Capital Markets Day | November 18, 2022 78
Slide 79: Further growth expected, especially in truck & bus segment
Key figures Further growth expected, especially in truck & bus segment Projection of sales – in EUR million Sales split by market segment – in % of sales Marine Marine c. EUR 700m <5% Other <5% Other to EUR 1 bn ~5% Stationary <5% Stationary 5-10% <5% Truck/Bus 5-10% 2022e 2026e Aerospace ~25% Truck
Slide 80: Leading in technology
EKPO Fuel Cell Technologies Leading in technology Today Tomorrow • Best-in-class fuel cell stacks with high • Established provider for fuel cell power density and sophisticated solutions in mobile and stationary bipolar plate design hydrogen applications • Industrialized production capacity of • Gen
Slide 81: Slide 81
Slide 82: Agenda
Capital Markets Day 2022 Agenda 09:00 Welcome Dr. Stefan Wolf 09:15 The ElringKlinger Story Dr. Stefan Wolf 10:00 ElringKlinger: Established Supplier for E-Mobility Products Jürgen Weingärtner 10:40 Coffee Break 10:50 EKPO: Driving Hydrogen Solutions for a Sustainable Future Dr. Gernot Stellberger 1
Slide 83: Lightweighting: Leading in Design, Weight and Production
Capital Markets Day November 18, 2022 Lightweighting: Leading in Design, Weight and Production Klaus Bendl Vice President Lightweighting/Elastomer Technology
Slide 84: Representing largest share of sales within the Group
Lightweighting/Elastomer Technology Representing largest share of sales within the Group Sales split by business unit FY 2021– in % of total sales Global locations of the Lightweighting/Elastomer Technology business unit Leamington, CA Dettingen, DE Kecskemét, HU Engineered Plastics Other Fremont, U
Slide 85: Comprehensive approach in development
Lightweighting/Elastomer Technology Comprehensive approach in development ▪ Plastic injection molding ▪ Multi material components (e.g. technology (JoinMelt, MuCell) plastic, aluminum, organo sheet Product Process ▪ Hybrid technology material) Development Development ▪ Pressing and forming technolog
Slide 86: Product portfolio ready for next generation of mobility
Lightweighting/Elastomer Technology Product portfolio ready for next generation of mobility Metal forming hybrids Composite hybrids Structural plastics parts Structural underbody parts Lightweighting Solutions Structural brackets Intake manifolds/resonators Oil pans & housings Cam cover & oil sepa
Slide 87: Broad offer for reducing weight and emissions
Lightweighting Solutions Broad offer for reducing weight and emissions Composite sandwich Hydro-forming-hybrid/ Thermoplastic composite Structural plastic parts components structural components hybrid (incl. ElroSafe) Lightweighting Solutions incl. design, FEA/simulation, tooling, prototyping, tes
Slide 88: Weight matters
Lightweighting Solutions Weight matters Simulation results WLTC based on target vehicle (1,980 kg vs. 1,680 kg) – energy consumption in kWh/100km 1,980kg 1,680kg -11% Energy consumption Rolling resistance 8.0 Recuperation Air resistance 6.8 Natural recuperation Acceleration resistance 5.0 5.0 16.9
Slide 89: Production philosophy: one single step
Lightweighting Solutions Production philosophy: “one single step” Single step tool approach – example Advantages Minimum post processing Improved processing quality Better technical performance Less machine equipment (Capex) Better cost efficiency 89
Slide 90: Shaping further development of cross-car beam technology
Lightweighting Solutions Shaping further development of cross-car beam technology 1st gen 2nd gen 3rd gen Magnesium/Steel/ Hydro-formed-hybrid cross car beam C-Profile hybrid cross car beam Aluminum cross car beam Hybrid cross car beam technology evolution ✓ The latest evolution of metal hybrid cr
Slide 91: Global sales increase with focus on North America
Lightweighting Solutions Global sales increase with focus on North America Projection of Lightweighting product sales footprint 2027 Projection of Lightweighting sales in North America CAGR +11% Proportion of sales: Low High 2023e 2024e 2025e 2026e 2027e There are business opportunities for Lightw
Slide 92: New ElringKlinger plant in San Antonio opened in 2021
Lightweighting Solutions New ElringKlinger plant in San Antonio opened in 2021 ElringKlinger locations in the United States Exemplary Lightweighting components manufactured in North America for local customers Focus on large-scale structural lightweighting components for the local market 92
Slide 93: Broad offer for reducing weight and emissions
Lightweighting Solutions Broad offer for reducing weight and emissions Example ElroSafeTM on next slides Hydro-Forming-Hybrid/ Composite sandwich Thermoplastic Composite Structural Hybrid Structural plastic parts components Hybrid Components (incl. ElroSafeTM) Lightweighting solutions incl. design
Slide 94: Reliable ElroSafe parts replace heavy parts and structures
Lightweighting Solutions Reliable ElroSafeTM parts replace heavy parts and structures Application Replacement of aluminum and steel deep drawn parts, aluminum die casting structures and thermoset parts by composite sandwiches → battery bases and covers → underbody floor protection especially for P
Slide 95: Proven underride protection by ElroSafe
Lightweighting Solutions Proven underride protection by ElroSafeTM Samples from ElroSafeTM and Developments with 7 OEM´s part Bollard test device aluminum after bollard test1 dimensions Underride protection Standardized and controllable ElroSafeTM samples achieve Part dimensions up to 2.4 x 1.6m l
Slide 96: Strong sales growth following high demand
Lightweighting Solutions Strong sales growth following high demand Projection of sales for Lightweighting solutions – share of ICE / non-ICE revenue Selective orders for non-ICE business in Lightweighting Solutions Annual sales on high Cross-car beam level in low to mid triple- Global OEM Growth f
Slide 97: Innovative award-winning Lightweighting solutions
Lightweighting Solutions Innovative award-winning Lightweighting solutions Society of Plastic “The Coolest German Thing Engineers (SPE) Award Made in the USA“ d (SPE Central Europe 2021) (German American Chamber of Commerce 2021) “ 1st Place “ – Front end module carrier Cockpit cross-car beam (CCB
Slide 98: Plastic injection with broad range of use cases / products
Plastic Injection Molding Plastic injection with broad range of use cases / products Plastic injection Plastic injection Plastic injection Plastic injection Plastic injection engine mounts + cam cover + oil pressure equalizing intake manifolds oil pans and oil tanks brackets separator unit Plastic
Slide 99: Transition in the field of injection molding components
Plastic Injection Molding Transition in the field of injection molding components Basis for transition: many years of experience in Development of new applications for lightweight injection molding up to big scale products components Battery module housings Oil supply modules Solutions for cell in
Slide 100: Product example: Pressure equalizing unit
Plastic Injection Molding Product example: Pressure equalizing unit ElringKlinger’s latest development for pressure equalizing systems offers a double functional product: – It ensures a smooth breathing of the battery housings. – It has a fail-safe venting function in case of a failure of the batt
Slide 101: Early mover in dealing with sustainability issues
Excursus: Recycling of Thermoplastic Parts Early mover in dealing with sustainability issues Rear seat structure Land Rover Discovery >2017s Organo sheet / PP-GF70 Blank / Insert Chopped scrap & field return parts Advantage: Scrap-free process Scrap is used in the same part Production waste (25%) Ne
Slide 102: Sealing solutions used in electric vehicles
Gasket Technology Sealing solutions used in electric vehicles Special solutions for Elastomer gaskets Metal-elastomer gaskets Bonded pistons battery housings Sealing Solutions incl. design, FEA/simulation, tooling, prototyping, testing and series production 102
Slide 103: Business opportunities for gaskets in electric vehicles
Gasket Technology Business opportunities for gaskets in electric vehicles Decomposition of electric drive unit (EDU) with selective ElringKlinger components Exemplary battery electric vehicle platform Elastomer gasket Metal elastomer gasket Plastic modules 103
Slide 104: Growing sales due to numerous applications in EV segment
Gasket Technology Growing sales due to numerous applications in EV segment Projection of sales in non-ICE business – in EUR million Selective orders for non-ICE business in Gasket Technology Metal elastomer gaskets Annual sales to grow into high double-digit Global OEM million-euro area Volume: lo
Slide 105: Sales will increase particularly in the non-ICE business
Lightweighting/Elastomer Technology Sales will increase particularly in the non-ICE business Projection of sales in non-ICE business – in EUR million Projection of sales split by product group expected for 2027e (booked business) – in % Annual sales to grow Lightweighting into mid triple-digit solut
Slide 106: Transformation of a classical into a new business unit
Lightweighting/Elastomer Technology Transformation of a classical into a new business unit Today Tomorrow • Strong ICE footprint and already • Transformed business unit with considerable sales in new drive major part of sales in non-ICE technologies or in technologies business independent of the dri
Slide 107: Agenda
Capital Markets Day 2022 Agenda 09:00 Welcome Dr. Stefan Wolf 09:15 The ElringKlinger Story Dr. Stefan Wolf 10:00 ElringKlinger: Established Supplier for E-Mobility Products Jürgen Weingärtner 10:40 Coffee Break 10:50 EKPO: Driving Hydrogen Solutions for a Sustainable Future Dr. Gernot Stellberger 1
Slide 108: Strategy Implications for Key Performance Indicators
Capital Markets Day November 18, 2022 Strategy Implications for Key Performance Indicators Thomas Jessulat CFO
Slide 109: Global Efficiency Program successfully completed
Short review Global Efficiency Program successfully completed Profitability strengthened Capex spent in a disciplined way Net working capital optimized (despite challenges like COVID, raw mats and semiconductors) EBIT margin – in % of total sales Capex ratio – in % of total sales Net working capital
Slide 110: High volatility in market forecasts
Markets High volatility in market forecasts IHS 02/2020 IHS 07/2021 IHS 02/2022 108.3 98.0 103.4 102.8 16% 94.1 95.8 87.2 10% 3% 12% 30% 15% 10% 74.6 74.6 37% 30% 43% 10% 3% 25% 10% 3% 25% 35% 34% 86% 60% 87% 63% 87% 60% 41% 35% 30% 2020 … 2024 … 2030 2020 … 2024 … 2030 2020 … 2024 … 2030 Battery/Fu
Slide 111: Substantial growth by products for new drive technologies
Summarizing prior presentations Substantial growth by products for new drive technologies Stacks and systems Strong sales growth for the Group expected by both systems and components Components Capital Markets Day | November 18, 2022 111
Slide 112: Successful realization of ramp-up phase
Summarizing prior presentations Successful realization of ramp-up phase Projection of sales in non-ICE stacks/systems business – in EUR million Stacks and systems for Non-ICE business Drivetrain Technology Battery Technology EKPO 2023e 2027e 2030e Data after 2027 based on growth assumptions. Capital
Slide 113: Expansion of existing serial production volumes
Summarizing prior presentations Expansion of existing serial production volumes Projection of sales in non-ICE components business – in EUR million Components for Non-ICE business Engineered Plastics Shielding Technology Metal Sealing Systems & Drivetrain Components Lightweighting/ Elastomer Technol
Slide 114: Growth in new technologies across the Group
Ambition ElringKlinger 2030 Growth in new technologies across the Group Actual FY 2021 Ambition ElringKlinger 2030 Engineered Plastics Other 5-15% Fuel Cell Other Aftermarket <1% E-Mobility Technology (EKPO) Engineered Plastics 5-15% 20-25% 8% 4% Aftermarket 1% Shielding 13% Lightweighting/ Technolo
Slide 115: Key success factors to be considered
Financials Key success factors to be considered Actual FY 2021 Ambition EK 2030 1.6 EUR bn >3 EUR bn There is strong growth in strategic future areas: fuel cell, battery, drivetrain, and structural lightweighting as well. By ramping up business, they will also generate good earnings contribution.
Slide 116: Earnings situation expected to steadily improve
Outlook Earnings situation expected to steadily improve Sales – in EUR million EBIT margin (adjusted) – in % of total sales EBIT • Strong growth in strategic future areas • Ramp-up of new technologies covers fixed costs 1,408 1,423 1,280 • Optimization of Shielding Technology OE 1,186 50.7 4.4 -23.7
Slide 117: Compensation counteracts increase of raw material prices
Financials Compensation counteracts increase of raw material prices Raw material impact (net) – in EUR million • Main raw materials for ElringKlinger: aluminum, plastic Raw material granules (PA6.6), steel, nickel (coating), elastomer price pressure • Raw material prices for several quarters on high
Slide 118: Implication for sales and earnings outlook
Key performance indicators Implication for sales and earnings outlook Sales EBIT margin Global LV production – in million units Group sales – in EUR billion EBIT margin – in % of total sales CAGR CAGR +3% >+7% +6.0% Sustained 96.4 Organically >3 improvement 77.2 81.8 outperforming market 6.3 1.6 ~2-
Slide 119: R&D and capex on quite stable level
Key performance indicators R&D and capex on quite stable level R&D costs – in EUR million Capex – in EUR million R&D ratio – in % of total sales Capex ratio – in % of total sales +8% 87 164 81 82 76 Approx. 92 +22% on 9.6 70 previous ~5-6 % 57 year‘s 5.1 4.7 5.1 5.1 ~5-6 % 4.3 level ~5-7 % 3.9 5.3 2
Slide 120: Temporary inventory increase results in higher NWC ratio
Key performance indicators Temporary inventory increase results in higher NWC ratio Inventory – in EUR million Net working capital – in EUR million Net working capital ratio – in % of total sales +18% 572 401 356 354 433 402 Slightly 403 301 Inventory 401 above 33.7 previous 354 year‘s 24.8 level ~2
Slide 121: Debt reduction creates head room for transformation
Key performance indicators Debt reduction creates head room for transformation Operating free cash flow – in EUR million Net financial debt – in EUR million Net financial debt/EBITDA -56% 723 -18.5% 176 595 165 Current 297 469 financial liabilites 383 Between 3.7 136 2.0 72 and Non-current Slightly
Slide 122: Solid maturity structure and stable equity ratio
Financials Solid maturity structure and stable equity ratio Loans and credit lines by year of maturity – in EUR million Equity – in EUR million Equity ratio – in % of total assets 465 15 +21% 982 890 891 813 450 42.8 47.0 ~40-50% 41.5 41.4 ~40-50 % 99 47 49 0 0 0 25 22 2022 2023 2024 2025 2026 2027
Slide 123: Sales split and order intake indicate further transformation
Transformation Sales split and order intake indicate further transformation Current sales split Group transformation pathway FY 2021 100% Non-ICE Non-ICE 20% ICE 80% 0% ICE 2020 2025e 2030e New orders Sales projection 2020 – Feb 2022 Structural Lightweighting (by annual turnover) EDU Fuel cell Batte
Slide 124: Wrap-up
Capital Markets Day November 18, 2022 Wrap-up Dr. Stefan Wolf CEO
Slide 125: ElringKlinger will transform and is ready for the future
Group ElringKlinger will transform and is ready for the future Today Tomorrow • Established supplier with strong • Established supplier being part in footprint in ICE business and a shaping new drive technologies portfolio ready for transformation • Digitized Group with optimized • Sustainability as
Slide 126: The ElringKlinger Difference
The ElringKlinger Difference 1 With our strong technological orientation, we provide solutions for mobility demand. We will grow profitably by systems as well as components business. 4 2 We will utilize our strong market position in ICE business, but focus on new technologies. We will further shape
Slide 127: Next Generation Products
Next Generation Products @
Slide 128: Disclaimer
Disclaimer Forward-looking statements and predictions This presentation contains statements about the future. These statements are based on current expectations, market evaluations and predictions by the Management Board, and on information that is currently available to them. The statements about t