Hella Gmbh & Co. Kgaa · XETR:HLE
Hella Gmbh & Co. Kgaa — H1 2025 Earnings Presentation
24 slides from Hella Gmbh & Co. Kgaa's earnings presentation, Jul 25, 2025
Slide 1: HELLA H1 2025 Results
HELLA H1 2025 RESULTS January 1, 2025 – June 30, 2025 July 25, 2025
Slide 2: Agenda
01 Achievements 02 Financial Results AGENDA 03 Outlook 04 Key Takeaway P.2 | HELLA H1 FY 2025 Results | Conference Call, July 25, 2025
Slide 3: Achievements
01 ACHIEVEMENTS HELLA H1 FY 2025 Results P.3 | HELLA H1 FY 2025 Results | Conference Call, July 25, 2025
Slide 4: Solid H1 development in line with expectations
SOLID H1 DEVELOPMENT IN LINE WITH EXPECTATIONS SALES OPERATING INCOME MARGIN NET CASH FLOW › Organic sales of €4,015m largely at › Development of operating income › Net Cash Flow increased 33.6% to PY level (-0.4% YoY) margin largely stable (-20bps to €114m › Group reported sales -1.3% to €3,979m 6.
Slide 5: Global order intake driven by technology and innovation
GLOBAL ORDER INTAKE DRIVEN BY TECHNOLOGY AND INNOVATION – FURTHER MAJOR AWARDS IN ELECTRONICS ▪ Headlamp and CBL packages for European premium OEM for (electric) car models, SOP 2028 LIGHTING WITH NOMINATIONS FOR CORE PRODUCTS FROM ▪ LED headlamp packages for different models of US OEM, SOP 2028 GLO
Slide 6: Competitiveness Program in Europe and Project Simplify
IN ADDITION TO THE COMPETITIVENESS PROGRAM IN EUROPE, HELLA STARTS PROJECT “SIMPLIFY” – AROUND €80M FURTHER GROSS SAVINGS UNTIL 2028 COMPETITIVENESS PROGRAM SIMPLIFY EUROPE ❯ Improve competitiveness and adopt ❯ Make administration/functions processes capacities: leaner and more efficient TARGET ▪ Ca
Slide 7: Financial Results
02 FINANCIAL RESULTS HELLA H1 FY 2025 Results P.7 | HELLA H1 FY 2025 Results | Conference Call, July 25, 2025
Slide 8: Sales almost at PY level – outperformance in Europe and NSA
HELLA SALES ALMOST AT PY LEVEL– OUTPERFORMANCE IN EUROPE AND NSA › Organic sales H1 FY 2025 largely at PY level, small decline by 0.4% mainly due to Lighting • Growth in Americas with ramp-up of programs in Lighting and Electronics • Growth in Europe driven mainly by radar business • Sales in Asia n
Slide 9: Lighting with declining sales – profitability supported by fixed cost reduction
LIGHTING WITH DECLINING SALES – PROFITABILITY SUPPORTED BY FIXED COST REDUCTION LIGHTING Sales development harmed by the end of series projects In €m H1 FY 2024 H1 FY 2025 External Sales 1,984 1,838 › Ramp-up of existing series production for headlamps and rear vs. LVP combination lamps in Europa co
Slide 10: Electronics with strong sales momentum – profitability impacted by GPM
ELECTRONICS WITH STRONG SALES MOMENTUM – PROFITABILITY IMPACTED BY GPM DEVELOPMENT ELECTRONICS Positive sales growth with start- and ramp-ups of several series projects In €m H1 FY 2024 H1 FY 2025 External Sales 1,511 1,610 › Successful business with radar and EPS drives growth in vs. LVP Americas ›
Slide 11: Lifecycle Solutions affected by weakness of commercial vehicle business
LS AFFECTED BY WEAKNESS OF COMMERCIAL VEHICLE BUSINESS – NEGATIVE IMPACT DECREASED IN Q2 LIFECYCLE SOLUTIONS Negative sales development with decline in commercial vehicle business In €m H1 FY 2024 H1 FY 2025 External Sales 531 496 › Low demand of customers in the commercial vehicle business esp. Agr
Slide 12: Outperformance in Europe and Americas – sales in APAC down
OUTPERFORMANCE IN EUROPE AND AMERICAS – SALES IN APAC DOWN WITH EXPIRING PROJECTS EUROPE AMERICAS ASIA/ PACIFIC › Global LVP up 3.1%, growth driven by China (+11.9%) INCL. ROW › HELLA Group organic sales growth at -0.4%, underperforming by approx. 345bps 59 % of group sales 21 % of group sales 20 %
Slide 13: Sales and profitability largely at prior year levels
SALES AND PROFITABILITY LARGELY AT PRIOR YEAR LEVELS – COST SAVING MEASURES TAKEN EFFECT In €m1 H1 FY 2024 H1 FY 2025 YoY Change Gross Profit Margin down by ~100bps Sales 4,030 3,972 - 1.4% › Lower GPM in Electronics weighs on group margin, COGS (3,057) (3,053) - 0.1% Lighting and Lifecycle Solution
Slide 14: Net cash flow increased due to operational improvements
NET CASH FLOW INCREASED DUE TO OPERATIONAL IMPROVEMENTS NET CASH FLOW Net Cash Flow up, increase of €29m (+33.6%) to in €m and % of sales €114m 114 › Higher Operating Cash Flow 86 +29 • Higher funds from operations • Positive Working Capital contribution; increase in payables with more favorable pay
Slide 15: Outlook
03 OUTLOOK HELLA H1 FY 2025 Results P.15 | HELLA H1 FY 2025 Results | Conference Call, July 25, 2025
Slide 16: Global market overall stable 2025 but Americas and Europe expected to decline
GLOBAL MARKET OVERALL STABLE 2025 BUT AMERICAS AND EUROPE EXPECTED TO DECLINE FURTHER Expected global light vehicle production Expected light vehicle production per region, in million units, S&P Global Mobility per July 2025 S&P Global Mobility per July 2025 +0.4% 89.6 89.9 2024 2025 Source: S&P Glo
Slide 17: HELLA FY 2025 outlook confirmed
HELLA FY 2025 OUTLOOK CONFIRMED Company Outlook Jan 1, 2025, to Dec 31, 2025 Taking into consideration the latest S&P forecast of around 89.9 million light vehicles to be produced in 2025 Sales Between around €7.6 to 8.0 billion Currency and portfolio adjusted Operating Income Between around 5.3% to
Slide 18: Key Takeaways
04 KEY TAKEAWAYS HELLA H1 FY 2025 Results P.18 | HELLA H1 FY 2025 Results | Conference Call, July 25, 2025
Slide 19: Key Takeaways
KEY TAKEAWAYS Solid performance during Acceleration of measures, H1 FY 2025 Outlook FY 2025 confirmed further global project initiated › H1/2025 in line with expectations › HELLA outlook FY 2025 › Competitiveness Program in › Solid performance in a demanding confirmed Europe accelerated market envir
Slide 20: Appendices
APPENDICES P.20 | HELLA H1 FY 2025 Results | Conference Call, July 25, 2025
Slide 21: LVP production and group sales per region
LVP PRODUCTION AND GROUP SALES PER REGION H1 FY 2024 H1 FY 2025 HELLA Group sales Worldwide 4,030 3,979 in €m 2,344 2,344 Europe +0.0% 806 822 Americas +1.9% 879 813 Asia/Pacific & Rest of World -7.6% Light vehicle production Worldwide 43,541 44,874 in 1.000 units 9,100 8,799 Europe -3.3% 9,380 9,15
Slide 22: Upcoming events
UPCOMING EVENTS October 17, 2025 • Prelim Q3 FY 2025 November 6, 2025 • Q3 FY 2025 • Deutsches Eigenkapitalforum - Analysts’ November 24-26, 2025 Meeting P.22 | HELLA H1 FY 2025 Results | Conference Call, July 25, 2025
Slide 23: Disclaimer
DISCLAIMER ◦ This document was prepared with reasonable care. Certain numerical data, financial information and market data in this presentation have been rounded in accordance with commercial rounding. However, no responsibility can be assumed for the correctness of the provided information. In add
Slide 24: -ORVIA
-ORVIA (HELLA = —
HELLA GmbH & Co. KGaA — H1 2025 Earnings Presentation on 6ix