Slide 1: Group Figures on Q3 2024
GROUP FIGURES ON Q3 2024 THOMAS JESSULAT, CEO NOVEMBER 12, 2024
Slide 2: First Nine Months of 2024 – Key Facts
FIRST NINE MONTHS OF 2024 – KEY FACTS FUEL CELL TECHNOLOGY: EKPO UNVEILING THE NM20 SHAPE30 – THE STACK, ITS MOST POWERFUL STACK MODULE YET, AND TRANSFORMATION STRATEGY WINNING FURTHER PROJECTS INCLUDING STACKS FOR OF ELRINGKLINGER GROUP STATIONARY POWER IN EUROPE’S SPACEPORT 9M 2024: ADJUSTED STRON
Slide 3: Transformation at ElringKlinger in Full Swing
#1 PRODUCT #2 SUSTAINABILITY #3 PERFORMANCE & #4 DIGITAL #5 CORPORATE TRANSFORMATION PROCESS EXCELLENCE TRANSFORMATION CULTURE TRANSFORMATION AT ELRINGKLINGER IN FULL SWING 3
Slide 4: Transforming the OE Segment
#1 TRANSFORMING THE OE SEGMENT Free Cashflow Years Classical business New business Generating Inducing earnings and cash start-up losses ICE NON-CORE Portfolio E-MOBILITY Limitations regarding profitability and cash generation Non-core revenues Previously discontinued: production location in G
Slide 5: Divestment of Two Group Entities
DIVESTMENT OF TWO GROUP ENTITIES AGREEMENT ON DIVESTMENT IN FY 2023, THE DIVESTED ENTITIES SIGNED ON OCTOBER 7, 2024, REPRESENTED SALES OF AROUND EUR 175M, CLOSING EXPECTED TO TAKE PLACE AROUND 10% OF GROUP’S BALANCE SHEET BEFORE THE END OF 2024 ASSETS, AND AROUND 650 EMPLOYEES NON-CASH IMPAIRMENTS
Slide 6: Financials
FINANCIALS
Slide 7: Strong Order Intake, Organic Sales Slightly Up
STRONG ORDER INTAKE, ORGANIC SALES SLIGHTLY UP Order intake in mEUR Order backlog in mEUR FX-adjusted: +37% +0.8% +28% 1,279 1,305 1,329 1,290 489 481 1,249 465 377 365 Q3 2023 Q4 Q1 Q2 Q3 2024 Q3 2023 Q4 Q1 Q2 Q3 2024 Sales revenue in mEUR Sales revenue in mEUR Organic: +0.1% -2.4% -2.4% 452 465 4
Slide 8: Growth in Europe and E-Mobility in Soft Market
GROWTH IN EUROPE AND E-MOBILITY IN SOFT MARKET Revenue by business unit in % of total revenue Revenue by region in % of total revenue South America Other Lightweighting/ & Rest of World Engineered Plastics Elastomer Technology 7% <1% 6% Asia-Pacific Rest of 26% 15% Europe Aftermarket 32% 19% Other O
Slide 9: Margins Robust Over Nine Months
MARGINS ROBUST OVER NINE MONTHS EBITDA in mEUR Adjusted EBIT in mEUR EBITDA margin in % of total revenue Adjusted EBIT margin in % of total revenue +7.3% +1.3% 52.3 50.8 49.7 51.2 26.3 47.7 22.7 24.0 22.5 23.0 10.6 11.9 10.9 11.2 11.6 5.0 6.0 5.2 5.0 5.2 Q3 2023 Q4 Q1 Q2 Q3 2024 Q3 2023 Q4 Q1 Q2 Q3
Slide 10: Net Financial Debt on Continuously Low Level
NET FINANCIAL DEBT ON CONTINUOUSLY LOW LEVEL Capex in mEUR Net working capital in mEUR Capex ratio in % of total revenue Net working capital ratio in % of total revenue -1.2% +11% 24.9 510 466 489 482 503 22.7 18.6 16.7 16.9 440 460 Inventories 27.1 25.2 26.8 26.8 28.1 270 263 Trade receivables 5.7
Slide 11: Aftermarket with Successful Growth Strategy
AFTERMARKET WITH SUCCESSFUL GROWTH STRATEGY Sales and adjusted EBIT margin by segments ORIGINAL EQUIPMENT AFTERMARKET -5.8% +14% 343 340 340 328 323 90.4 84.8 84.9 74.4 68.4 21.7 24.6 25.1 24.2 22.5 0.6 1.0 -0.7 -0.4 -0.1 Q3 2023 Q4 Q1 Q2 Q3 2024 Q3 2023 Q4 Q1 Q2 Q3 2024 ENGINEERED PLASTICS OTHERS -
Slide 12: Markets & Outlook
MARKETS & OUTLOOK 12
Slide 13: Near-Term Production Forecast Softer
NEAR-TERM PRODUCTION FORECAST SOFTER Expected LV production in million units Change vs. prior year’s quarter in % NORTH AMERICA EUROPE GREATER CHINA +2.3% -5.0% -0.4% +1.0% -1.4% -1.1% 18.0 29.0 29.3 30.0 15.7 15.5 15.3 17.1 17.0 4.6 4.5 8.7 4.0 4.1 3.8 3.6 3.7 4.2 7.0 7.4 6.3 1.8 -0.7 0.5 -4.2 3.8
Slide 14: Current FY 2024 Guidance
CURRENT FY 2024 GUIDANCE FY 2023 FY 2024e actual previous updated (Oct 7) Slight In organic terms slightly Revenue 1.85 bEUR organic growth below previous year’s level Adjusted EBIT Margin 5.4% Approx. 5% of revenue Operating Free Cash Flow 2.0% Approx. 2% of revenue Slightly positive Significantly
Slide 15: Let's Shape the Future
elringklingér ) CL LET'S SHAPE THE FUTURE. BSHAPE*°
Slide 16: 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
Slide 17: Appendix
APPENDIX
Slide 18: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Q3 2024 Q3 2023 Sales revenue 441 452 Cost of sales -334 -355 Gross profit 107 96 Gross margin in % 24.3 21.3 Selling expenses -38 -38 General and administrative expenses -27 -22 Research and development costs -19 -16 Other operating income 3 3 Other operating expenses
Slide 19: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION As of Sep As of Dec As of Sep As of Dec Assets Liabilities and equity 30, 2024 31, 2023 30, 2024 31, 2023 Intangible assets 178 168 Share capital 63 63 Property, plant, and equipment 752 858 Capital reserves 118 118 Financial assets 12 12 Revenue reserve
Slide 20: Consolidated Statement of Cash Flows
CONSOLIDATED STATEMENT OF CASH FLOWS Q3 2024 Q3 2023 [Continued] Q3 2024 Q3 2023 Earnings before taxes (EBT) -45 17 Proceeds from disposals of PPE and intangible assets 0 0 Depreciation/amortization (less write-ups) of non-current Proceeds from disposals of financial assets 7 5 assets 86 26 Payment
Slide 21: Key Group Figures – Last 5 Years
KEY GROUP FIGURES – LAST 5 YEARS 2023 2022 2021 2020 2019 Order intake 1,691 1,874 1,978 1,483 1,737 Order backlog 1,305 1,462 1,386 1,033 1,030 Sales 1,847 1,798 1,624 1,480 1,727 EBITDA 200 174 216 182 181 Adjusted EBIT1 100 68 102 28 61 Adjusted EBIT margin1 in% 5.4 3.8 6.3 1.9 3.5 EBT 53 -56 101
Slide 22: Key Segmental Figures – Last 5 Years
KEY SEGMENTAL FIGURES – LAST 5 YEARS 2023 2022 2021 2020 2019 Group Sales 1,847 1,798 1,624 1,480 1,727 Adjusted EBIT1 100.1 68.4 102.0 28 61 Adjusted EBIT margin1 in % 5.4 3.8 6.3 1.9 3.5 Original Equipment Sales 1,412 1,411 1,280 1,186 1,423 Adjusted EBIT1 9.9 -1 37 -24 5 Adjusted EBIT margin1 in
Slide 23: Key Group Figures – Last 5 Quarters
KEY GROUP FIGURES – LAST 5 QUARTERS Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Order intake 481 365 489 465 377 Order backlog 1,290 1,249 1,329 1,305 1,279 Sales 441 445 465 439 452 EBITDA 51.2 49.7 50.8 52.3 47.7 EBIT -35.2 22.4 23.8 18.8 21.4 EBIT margin in % -8.0 5.0 5.1 4.3 4.7 EBIT adjusted 23.0 2
Slide 24: Key Segmental Figures – Last 5 Quarters
KEY SEGMENTAL FIGURES – LAST 5 QUARTERS Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Group Sales 441 445 465 439 452 Adjusted EBIT 23.0 22.5 24.0 26.3 22.7 Adjusted EBIT margin in % 5.2 5.0 5.2 6.0 5.0 Original Equipment Sales 323 328 339 340 343 Adjusted EBIT -0.3 -1.3 -2.4 3.3 2.1 Adjusted EBIT margin
Slide 25: Financial Calendar
FINANCIAL CALENDAR Full figures FY 2024 March 27, 2025 Preliminary figures FY 2023 Annual General Meeting March 13, 2024 May 16, 2024 Full figures FY 2023 FY March 27, 2024 2024 Q2 Q3 Q1 AGM FY Prelim. 2023 FY 2023 Q1 2024 Q2 2024 Q3 2024 May 7, 2024 August 7, 2024 November 12, 2024 25