Slide 1: Q3 2025 Schaeffler AG earnings
Q3 2025 Schaeffler AG earnings November 4, 2025 Herzogenaurach Copyright Schaeffler AG, 2025 – All rights reserved. |
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
Slide 3: Overview
1 1 Overview Overview 2 2 Business Performance Business Performance 3 3 Financial Performance Financial Performance 4 4 Outlook Outlook
Slide 4: Summary Q3 2025 – Good performance in a soft market environment
1 OVERVIEW Summary Q3 2025 – Good performance in a soft market environment, Upgraded Free Cash Flow4 Guidance 1 2 3 4 5 Sales growth1 Q3 Gross margin Q3 EBIT margin3 Q3 Free Cash Flow4 Q3 EPS6 YTD +1.3% 20.3% 2 4.5% EUR 175 mn EUR -0.26 Q3 2025: EUR 5,826 mn Q3 2024: 19.1% Q3 2024: 3.5% Q3 2024: EUR
Slide 5: Business Performance
1 1 Overview Overview 2 2 Business Performance Business Performance 3 3 Financial Performance Financial Performance 4 4 Outlook Outlook
Slide 6: Q3 Sales growth – Growth driven by all divisions and regions, except Europe and PTC
2 BUSINESS PERFORMANCE Q3 Sales growth1 – Growth driven by all divisions and regions, except Europe and Powertrain & Chassis Hedge 1: ICE vs. BEV Powertrain & Vehicle Bearings & E-Mobility Chassis Lifetime Industrial Solutions Solutions Q3 2025 1 % of Group Region sales2 22% 38% 13% 27% growth Europ
Slide 7: OEM Auto Powertrain – Outperformance in BEV, strong order intake in BEV and HEV
2 BUSINESS PERFORMANCE OEM Auto Powertrain1 – Outperformance in BEV, strong order intake in BEV and HEV Outperformance by Powertrain Type2 Order Intake4/ Book-to-Bill5 by Powertrain Type YTD 9M 2025 vs YTD 9M 2024 YTD 9M 2025 Sales growth3 Market growth Outperformance Sales3 Order Intake Book-to-Bil
Slide 8: E-Mobility – Sales growth driven by Americas and Asia/Pacific
2 BUSINESS PERFORMANCE E-Mobility – Sales growth1 driven by Americas and Asia/Pacific, further gross margin improvement Highlight Sales growth1 Q3 Order Intake2 Q3 • Power electronics business for European Premium OEM DC/DC converter +4.7% EUR 1.2 bn • Successful acquisition of new business with Chi
Slide 9: Powertrain & Chassis – Slight sales decline, strong gross margin
2 BUSINESS PERFORMANCE Powertrain & Chassis – Slight sales decline1, strong gross margin Highlight Sales growth1 Q3 Order Intake2 Q3 • Substantial order secured for our 48V P2 module -0.4% EUR 1.6 bn • Acknowledging our system and component expertise, particularly in powertrain simulation Q3 2025: E
Slide 10: Vehicle Lifetime Solutions – Slight sales growth, gross margin maintained
2 BUSINESS PERFORMANCE Vehicle Lifetime Solutions – Slight sales growth1, gross margin maintained on high level Highlight Sales growth1 Q3 Outperformance2 Q3 • Significant portfolio extension following the merger by adding NOx sensors +2.3% +0.1pp • > 90% coverage of Truck & Bus parc confirming VLS
Slide 11: Bearings & Industrial Solutions – Slight sales growth, stable gross margin
2 BUSINESS PERFORMANCE Bearings & Industrial Solutions – Slight sales growth1, stable gross margin Highlight Sales growth1 Q3 Outperformance2 Q3 • Multi-year contract with major OEM for Agriculture applications covering different +2.2% -1.3pp types of bearings • Expected total sales volume in mid do
Slide 12: Capital allocation – Strict capital allocation and further reduction of Capital Employed
2 BUSINESS PERFORMANCE Capital allocation – Strict capital allocation and further reduction of Capital Employed Capex Q3 2025 Reinvestment in EUR mn Rate1 Q3 2025 Capex Q3 Reinvestment Rate1 Q3 E-Mob 110 0.9x EUR 244 mn 0.5x PTC 69 0.3x VLS 7 0.2x Q3 2024: EUR 423 mn Q3 2024: 1.6x B&IS 54 0.4x Other
Slide 13: Top CEO Priorities – Full Focus on Execution
2 BUSINESS PERFORMANCE Top CEO Priorities – Full Focus on Execution 1 Deliver our Order Book in E-Mobility and Powertrain and Chassis 2 Realize Synergies and Implement Structural Measures 3 Optimize Business Portfolio and Capital Allocation • SOP of electric drives products for Chinese • Production
Slide 14: Financial Performance
1 1 Overview Overview 2 2 Business Performance Business Performance 3 3 Financial Performance Financial Performance 4 4 Outlook Outlook
Slide 15: Sales and Gross Profit – Americas and Asia/Pacific with good sales growth
3 FINANCIAL PERFORMANCE Sales and Gross Profit – Americas and Asia/Pacific with good sales growth1 Sales Gross Profit Bridge and margin Q3 2024 vs. Q3 2025 in EUR mn in EUR mn +111 +1.3%1 +119 5,947 5,826 -8 -109 1,180 1,136 -45 -4 -20 Gross Price Volume Mix Production Other costs FX effect Others G
Slide 16: EBIT margin – All divisions contributed to improvement
3 FINANCIAL PERFORMANCE EBIT margin1 – All divisions contributed to improvement EBIT1 EBIT1 Bridge and margin Q3 2024 vs. Q3 2025 in EUR mn in EUR mn +90 +3 +16 +1.0pp 264 264 -27 -23 206 206 EBIT Q3 24 Gross Profit R&D expenses SG&A Others FX2 EBIT Q3 25 excl. FX expenses 3.5% 4.5% Key Aspects • EB
Slide 17: E-Mobility – Sales growth in all business divisions, EBIT margin improvement on track
3 FINANCIAL PERFORMANCE E-Mobility – Sales growth1 in all business divisions, EBIT margin2 improvement on track Sales EBIT2 Sales by business division Q3 in EUR mn in EUR mn yoy growth1 Electric Drives +4.7%1 +2.2pp Mechatronics & Modules +2.1% 1,286 +2.7% 15% 1,266 -16.9% -14.7% 30% Controls 55% +6
Slide 18: Powertrain & Chassis – Slight sales decline, EBIT margin improved
3 FINANCIAL PERFORMANCE Powertrain & Chassis – Slight sales decline mainly driven by Europe, however EBIT margin2 improved Sales EBIT2 Sales by business division Q3 in EUR mn in EUR mn yoy growth1 +1.1pp Chassis Systems -0.4%1 4% -8.3% 2,275 242 2,194 225 41% Powertrain Solutions -4.1% 55% Engine &
Slide 19: Vehicle Lifetime Solutions – Sales growth in all business divisions
3 FINANCIAL PERFORMANCE Vehicle Lifetime Solutions – Sales growth1 in all business divisions, EBIT margin2 improved Sales EBIT2 Sales by business division Q33 in EUR mn in EUR mn yoy growth1 +2.3%1 +1.3pp Specialty Business 741 740 113 104 +4.6% 28% Platform Business Repair & Maintenance 5% Solution
Slide 20: Bearings & Industrial Solutions – Sales growth in all business divisions
3 FINANCIAL PERFORMANCE Bearings & Industrial Solutions – Sales growth1 in all business divisions, EBIT margin2 improved Sales EBIT2 Sales by business division Q3 in EUR mn in EUR mn yoy growth1 +2.2%1 +1.4pp Linear Motion Aerospace Bearings 1,599 125 +0.9% 6% 6% +20.1% 1,570 104 40% Automotive Bear
Slide 21: Free Cash Flow – Strong FCF due to stringent capital allocation
3 FINANCIAL PERFORMANCE Free Cash Flow – Strong FCF due to stringent capital allocation and Working Capital discipline Free Cash Flow before M&A1 FCF Bridge Q3 2025 in EUR mn in EUR mn 511 +539 -31 175 +91 175 -244 -66 -86 EBITDA Q3 25 ∆ Net Working Capex Net Interest Taxes Others FCF Q3 251 Capital
Slide 22: Debt Profile – Continued strong available liquidity position
3 FINANCIAL PERFORMANCE Debt Profile – Continued strong available liquidity position Reported net financial debt and Leverage ratio Maturity Profile Schaeffler AG as of September 30th in EUR mn in EUR mn 5,255 1,393 1,463 5,013 5,108 1,357 4,920 4,812 4,834 76 76 87 4,613 507 750 667 789 642 542 57
Slide 23: Outlook
1 1 Overview Overview 2 2 Business Performance Business Performance 3 3 Financial Performance Financial Performance 4 4 Outlook Outlook
Slide 24: FY 2025 Guidance updated – FCF and B&IS EBIT margin raised
4 OUTLOOK FY 2025 Guidance updated – FCF1 and Bearings & Industrial Solutions EBIT margin2 raised Powertrain Vehicle Lifetime Bearings & Schaeffler Group E-Mobility & Chassis Solutions Industrial Solutions Sales 23.0 to 25.0 5.0 to 5.5 9.0 to 9.5 3.0 to 3.25 6.0 to 6.75 in EUR bn 6% to 8% 3% to 5% -
Slide 25: Humanoid activities gaining traction – Two new partnerships announced
4 OUTLOOK Humanoid activities gaining traction – Two new partnerships announced Announced as of Oct 29th Announced as of Nov 4th • “Humanoid” is a UK-based robotics innovation company dedicated to • “NEURA Robotics” is a leading German high-tech company active in the developing advanced humanoid rob
Slide 26: Outlook – Financial calendar
4 OUTLOOK Outlook – Financial calendar Financial calendar and selected IR events 2025/2026 Nov 4 Q3 2025 Earnings Release Nov 12 -14 Citi Roadshow – USA & Canada Nov 18 DZ Equity Conference - Frankfurt Dec 3 GS Industrial & Autos Week – London Dec 4 Berenberg European Conference – Pennyhill Jan 12/1
Slide 27: Backup
Slide 28: Ancillary comments 2025 – Additional KPIs and parameter
BACKUP Ancillary comments 2025 – Additional KPIs and parameter Additional KPIs FY 2025 Comments Reinvestment Rate Around 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 integration cost
Slide 29: Market assumptions
BACKUP Market assumptions Global LVP1 Global and regional LV Parc2 Global and regional Industrial Production3 91.4 4.6% 3.9% 89.6 3.4% World World 2.2% 2.0% 1.7% 22.2 22.9 22.6 23.7 1.0% 0.2% 2024 Q1 Q2 Q3 Q4e 2025e S&P Europe Americas Greater China Asia/Pacific Europe Americas Greater China Asia/Pa
Slide 30: OEM Auto Powertrain – Outperformance and strong order intake in BEV
BACKUP OEM Auto Powertrain1 – Outperformance and strong order intake in BEV Outperformance by Powertrain Type2 Order Intake4/ Book-to-Bill5 by Powertrain Type Q3 2025 vs Q3 2024 Q3 2025 Sales growth3 Market growth Outperformance Sales Order Intake Book-to-Bill BEV 33.0% 22.8% +10.2pp BEV 396 mn 516
Slide 31: Key figures by division 2025
BACKUP Key figures by division 2025 Group Q1 25 Q2 25 Q3 25 9M 25 VLS Q1 25 Q2 25 Q3 25 9M 25 in EUR mn in EUR mn Sales 5,924 5,922 5,826 17,672 Sales 783 780 740 2,303 Sales Sales growth1 -2.9% -2.2% +1.3% -1.3% growth1 +10.7% +2.3% +2.3% +5.0% EBIT2 276 205 264 746 EBIT2 123 112 113 348 EBIT EBIT
Slide 32: Pro forma 2024 by division and quarters
BACKUP Pro forma 2024 by division and quarters Group Q1 24 Q2 24 Q3 24 Q4 24 FY 24 VLS Q1 24 Q2 24 Q3 24 Q4 24 FY 24 in EUR mn in EUR mn Sales 6,141 6,280 5,947 5,944 24,313 Sales 717 788 741 715 2,961 EBIT1 287 244 206 105 842 EBIT1 114 129 104 93 440 EBIT margin1 4.7% 3.9% 3.5% 1.8% 3.5% EBIT marg
Slide 33: Overview corporate and financing structure
BACKUP Overview corporate and financing structure Financing structure as of September 30, 2025 IHO Verwaltungs GmbH Corporate structure (simplified) as of September 30, 2025 A Debt instrument Nominal Nominal Interest Maturity Rating USD mn EUR1 mn Fitch/Moody’s/S&P Loans RCF (EUR 1,000 mn) - 0 E+4.2