Forvia Se · EURONEXT:FRVIA
Forvia — Investor Day (February 2026)
70 slides from Forvia's investor day presentation, Feb 24, 2026
Slide 1: Capital Markets Day
Capital Markets Day February 24th 2026 1 Capital Markets Day - February 24th 2026
Slide 2: Capital Markets Day
V02 2 Capital Markets Day Day--February 24thth2026 February24 2026
Slide 3: Focus & Strengthen, Lead & Grow
2025-2028 After 2028 Focus Lead & Strengthen & Grow 3 Capital Markets Day - February 24th 2026
Slide 4: Executing on our strategic priorities
Executing on our strategic priorities Best-in-class Business Invigorating Performance Transformation Culture 4 Capital Markets Day - February 24th 2026
Slide 5: 2025-2028 Focus & Strengthen, Lead & Grow targets
2025-2028 After 2028 Focus & Strengthen Lead & Grow Sales in 2028 Sales €21-22bn Accelerated Growth at constant FX Solid financial structure Operating margin enabling sustainable growth ≥7.0% Net cash flow ~3.5% Leverage ratio 1.2x 5 Capital Markets Day - February 24th 2026
Slide 6: Agenda
10:20 IGNITE Transformation 11:25 Break 11:40 IGNITE Performance Agenda 10:20 – 13:00 11:55 IGNITE Culture 12:00 2028 Financial Trajectory 12:20 Conclusion 12:25 Q&A 6 Capital Markets Day - February 24th 2026
Slide 7: IGNITE Transformation
IGNITE Transformation Strategic vision & portfolio reshaping Martin FISCHER - CEO 7 Capital Markets Day - February 24th 2026
Slide 8: A product portfolio tailored to the future of automotive
A product portfolio tailored to the future of automotive MARKET TRENDS Clean Connectivity Software Mobility & Digital Defined Safety Comfort Experience Vehicles Automated & Autonomous Driving P O R T F O L I O ELECTRONICS CLEAN MOBILITY SEATING* LIGHTING* CLARION LIFECYCLE SOLUTIONS 8 Capital Market
Slide 9: Leveraging strong market presence to seize future opportunities
Leveraging strong market presence to seize future opportunities Market FORVIA dynamics drivers of structural growth Strong momentum in Asia and with Chinese OEMs Diversified Localized Strong global reach footprint intimacy Trade tensions with growing supported by with legacy share in Asia competitiv
Slide 10: A dual portfolio structure focused on driving leadership and performance
A dual portfolio structure focused on driving leadership and performance Growth cluster Value cluster ELECTRONICS SEATING CLEAN MOBILITY CLARION LIFECYCLE SOLUTIONS LIGHTING Accelerating Driving profitable long-term growth performance and providing strategic flexibility 10 Capital Markets Day - Febr
Slide 11: Electronics & Seating: two growth platforms
Leveraging two growth platforms positioned to win Electronics Fast developing & Seating mega trends Strong technology leadership Complementary financial profile 11 Capital Markets Day - February 24th 2026
Slide 12: Electronics: doubling down on high-growth technologies
Electronics: doubling down on high-growth technologies Top 3 positions in body, energy Organic Sales CAGR management, components and radar Strong innovation-driven 2025-2028 ~10% ≥12% growth through key products enabled by global technological platforms After 2028 > Zonal Modules > Battery & Power E
Slide 13: Seating: asserting leadership while capturing new growth
Seating: asserting leadership while capturing new growth Steady growth in Passenger Vehicles Organic Sales CAGR and additional potential in new segments 2025-2028 ≥ 2% ≥ 4% > Content value growth > Expand customer base in Asia After 2028 > Develop in Commercial Vehicles > Leverage partnerships 13 Ca
Slide 14: Lighting & Clarion: unlocking operational upside
Lighting & Clarion: unlocking operational upside Lighting Strong Maintaining technology margin upside leadership and new focus Managing on volume segments investment needs Clarion Rationalizing R&D spend Scaling profitable leadership and reliable partner to OEMs Reinforcing partnership ecosystem 14
Slide 15: Clean Mobility & Lifecycle Solutions: Focusing on cash generation
Clean Mobility & Lifecyle Solutions: Focusing on cash generation Clean Mobility Global leader expanding share through technology Sustainable and competitiveness double-digit margin Lifecycle Solutions Strong Leveraging after market cash flow generation and HELLA brand 15 Capital Markets Day - Februa
Slide 16: Expand geographic and customer mix
Expand geographic and customer mix Martin FISCHER - CEO
Slide 17: China: unique innovation and customer intimacy driving growth with COEMs
China: unique innovation and customer intimacy driving growth with COEMs Further diversify Support international domestic portfolio expansion Strong domestic Utilize available innovation capabilities capacities in Europe and c.80% of 2025 South America order intake with COEMs Recent awards Recent aw
Slide 18: Pursuing targeted growth opportunities
Pursuing targeted growth opportunities Japanese & Korean India Commercial & OEMs Industrial vehicles Product Footprint Technology innovations extension scaling Global Competitive Dedicated footprint R&D base organization Partnerships Partnerships Specific product lines 18 Capital Markets Day - Febru
Slide 19: Capital Markets Day
V02 19 Capital Markets Day Day--February 24thth2026 February24 2026
Slide 20: Deep Dive Electronics
Deep Dive Electronics Dr Peter LAIER – CEO FORVIA HELLA
Slide 21: Electronics portfolio aligned with key technology trends
Electronics portfolio aligned with key technology trends Software-Defined Vehicle Electrification In-cabin user (SDV) experience Shift to centralizing Continuous xEV Shift in user expectations hardware architectures ramp-up despite and automated driving and software regional slowdowns increases valu
Slide 22: We address a ~€30bn Electronics market with strong growth opportunities
We address a ~€30bn Electronics market with strong growth opportunities FORVIA addressed Electronics 2025 Annual market growth per market 2025 Sales product segment by 2030 total market sales split ~€30bn € 3.1bn 10% In-cabin Electronics1 <€0.1bn 24% Battery & Power Electronics €0.6bn 13% Body Elect
Slide 23: Sharp strategizing, broad skills and global reach set us apart
Sharp strategizing, broad skills and global reach set us apart Market Technology OEM leadership leadership intimacy Top 3 ~80% 50+ in Battery & Power of order intake linked OEM technology Electronics, Components to fast-growing and development and in-vehicle App innovation segments partnerships mark
Slide 24: Focus on high-growth segments to drive leadership positions
Focus on high-growth segments to drive leadership positions Software-defined vehicle Electrification In-cabin user (SDV) experience In-cabin Body Electronics Battery & Power Electronics Electronics Zonal Modules X-in-1 systems Interior Monitoring In-vehicle App market 24 Capital Markets Day - Februa
Slide 25: SDV: chip, hardware, and software as a one-stop-shop for zonal solutions
SDV: We offer chip, hardware, and software as a one-stop-shop for zonal solutions Centralizing EE Architectures Integrated product offering as SDV enabler Zonal module Centralized Distributed Chip Hardware Software Proprietary e-Fuse Chip Scalable and Software stack and iConF cost-efficient integrat
Slide 26: Electrification: Unique capability to lead Battery & Power Electronics
Electrification: Unique capability to lead Battery & Power Electronics Electrification accelerates Modular Battery & Power integration through multiple technologies Key hardware Software-enabled EnergyCore Hybrids functions compactness X-in-1 system M-HEV/ HEV PHEV/ REEV BEV Onboard DC/ DC -35 % + +
Slide 27: In-cabin user experience: new software-enabled features
In-cabin user experience: new software-enabled features In-cabin sensor and connected In-cabin features vehicle technology trend Safety Digital continuity Scalable Software Cross-domain hardware (radars, fusion, connectivity, Sensor fusion, Personalization, cameras) & system advanced AI & digital ex
Slide 28: Strong foundations laid in 2025–2028 with growth accelerating from 2028
Strong foundations laid in 2025–2028 with growth accelerating from 2028 Sales in €bn 3.8-4.2 Above market growth enabled by focused 3.1 ≥12% portfolio Organic sales CAGR after 2028 2025 2028 at constant FX Operating margin Attractive financial returns enabled by differentiating assets ~7.5% >8% 2025
Slide 29: Deep Dive Seating
Deep Dive Seating Sébastien Limousin - EVP Seating
Slide 30: Mastering multiple embedded technologies
Mastering multiple embedded technologies 80 components per seat 20 specific skill sets to develop a seat 50 seat variants per vehicle Compliance with regional safety regulation 30 Capital Markets Day - February 24th 2026
Slide 31: Building on strong leadership positions
Building on strong leadership positions Mechanisms Complete Balanced & Structure seat geographic mix Asia Scaled engineered Just-in-time 31% EMEA products assembly 49% €8.2bn 1 3 2025 Sales # # Americas worldwide worldwide 20% ~30% ~70% of total sales of total sales 40k people 16 R&D centers 81 indu
Slide 32: On the way to set the benchmark in manufacturing performance
On the way to set the benchmark in manufacturing performance FORVIA Yancheng "Lighthouse factory for outstanding performance in productivity“ (WEF, 2026)* Scaling Automation Vertical & AI integration 32 Capital Markets Day - February 24th 2026
Slide 33: Ideally positioned to tap new growth opportunities
Ideally positioned to tap new growth opportunities Market Key opportunities growth for FORVIA Comfort & wellness solutions High growth pockets in an overall 65bn flat market ~€ 2025 Seating Indian market market size1 Japanese & Korean OEMs Untapped markets for FORVIA ~7m 2025 CV volumes Commercial &
Slide 34: Faster innovation to capture higher content
Faster innovation to capture higher content Market > Comfort & user experience trends > Sustainability SEATING AMBITION €500m Safe 45 3D Zen seat massage Safe 60 seat of additional sales Comfort & wellness solutions Seat modules Sustainable materials 34 Capital Markets Day - February 24th 2026
Slide 35: Leveraging China as an innovation lab to reduce time to market
Leveraging China as an innovation lab to reduce time to market Strong innovation Driving competitive from an experienced team advantage & reducing time to market 1,000 engineers 3 R&D centers 3D Zen massage Less than Key customers 1 year from innovation to market BYD IM Motors Chery Luxeed Li Auto L
Slide 36: Intelligent seat: taking comfort & wellness to the next level
Intelligent seat: taking comfort & wellness to the next level through swift implementation An enhanced cockpit Our innovation experience solutions through software & AI > Postural & road condition monitoring > Pneumatics, massages & lumbar adjustment > Software and AI solutions Intelligent seat: usi
Slide 37: Technical expertise and competitiveness to drive growth in India
Technical expertise and competitiveness to drive growth in India Business opportunity SEATING AMBITION 4bn ~+7% India ~€ market by 2030 CAGR 2025-2030 Increase business scope Capitalizing on from Mechanism & Structure only existing customers to Complete Seat Mahindra Tata Maruti Suzuki Volkswagen ~
Slide 38: Unlocking strong potential, on & off highway
Unlocking strong potential, on & off highway Business opportunity On highway Off highway SEATING AMBITION 2.3m 4.6m 10% trucks 2025 machines 2025 c. of Seating sales Construction Agriculture Handling Commercial vehicles machines 38 Capital Markets Day - February 24th 2026
Slide 39: Strengthening market leadership for improved performance
Strengthening market leadership for improved performance Sales in €bn New products 8.2 8.7-9.1 ≥4 % Sales CAGR New geographies after 2028 New markets 2025 2028 at constant FX Operating margin Standardization Footprint rationalization 5.5% ≥6.5% Vertical integration 2025 2028 39 Capital Markets Day -
Slide 40: Conclusion
Conclusion Martin FISCHER - CEO
Slide 41: Focus & Strengthen, Lead & Grow
2025-2028 After 2028 Focus Lead & Strengthen & Grow 41 Capital Markets Day - February 24th 2026
Slide 42: IGNITE Performance
IGNITE Performance Olivier LEFEBVRE - COO 42 Capital Markets Day - February 24th 2026
Slide 43: Operating Excellence today to leading performance tomorrow
Operating Leading Excellence to scaling today performance tomorrow 43 Capital Markets Day - February 24th 2026
Slide 44: FORVIA Excellence System, our industry-recognized asset to power performance
FORVIA Excellence System, our industry-recognized asset to power performance Safety Customer- Sustainability centricity Accident rate* - 60% -34% Customer claims -91% CO Scope 1&2 2 in 2025 versus 2023 in 2025 vs 2023 in 2025 vs 2019 Best-in-class Customer-driven mid-term ambition: ~160 Quality awar
Slide 45: FORVIA Excellence System lifts profitability
FORVIA Excellence System lifts profitability Mandatory application Stability and anticipation FES applied Improve financial Partially applied performance Dedicated Minimally Taskforce applied Financial performance *Frequency rate of accidents with or without days of incapacity 45 Capital Markets Day
Slide 46: New industry challenges calling for deep transformation
New industry challenges calling for deep transformation Strengthen Optimize our operating investment 4 resilience structure priority Speed levers Scale Agility Reduce our competitive cost base advantage with digital & AI 46 Capital Markets Day - February 24th 2026
Slide 47: Strengthen operating resilience
Strengthen operating resilience Robust and competitive value chain > Tier-N transparency > Strong flexibility & alternative sources > AI supported purchasing & supply chain Elevated cybersecurity framework >87% > Partnership with best-in-class business partners > AI powered detection & response of a
Slide 48: Optimize our investment structure
Optimize our investment structure Faster and more efficient Engineering & Programs > Balance standardization and customization > Enhance product development through AI > -30% development hours/program by 2028 vs 2023 CAPEX & Capitalized R&D <7% CAPEX optimization > Lean design and standardization >
Slide 49: Reduce our cost base
Reduce our cost base Deploy smart automation Structural everywhere ENGINEERING simplification FASTER PROCESSUS, SHORTER PROGRAM LEAD > 2,100 AGVs in operations today TIME > Leaner structure & organization > Enhance product development > ~7,000 robots in operations in 2025 > Process automation & AI >
Slide 50: Scale competitive advantage with digital & AI
Scale competitive advantage with digital & AI Connect Integrate Scale from hindsight Seamless product Faster & smarter to foresight lifecycle management with AI everywhere From 5,800 100% >30 production lines core systems interfaced applications with AI agents connected with each other within 3 year
Slide 51: Takeaways
Takeaways FORVIA Excellence System application to deliver today’s performance Transforming to scale performance tomorrow ≥7.0% 6.0% Committed Increased operating margin to best-in-class as a % of sales 2025 2028 performance pro forma* 51 Capital Markets Day - February 24th 2026
Slide 52: IGNITE Culture
IGNITE Culture Martin FISCHER - CEO 52 Capital Markets Day - February 24th 2026
Slide 53: Evolving our operating model for empowered, accountable teams
Evolving our operating model for empowered, accountable teams Mechanisms Complete & Structure seat New Faster decision-making organization Increased flexibility New and agility leadership principles Strong accountability A more agile organization to navigate complexity, go fast and unlock what matte
Slide 54: Deploying a new division-centric operating model
Deploying a new division-centric operating model Strong P&L accountability Significant Customer empowerment proximity on acquisitions and Capex Empowering divisions Speed of Adaptability to specific decision making regional market needs Matrix Division reduction Regional unit of a global business gr
Slide 55: Leadership: the driving force behind our transformation
Leadership: the driving force behind our transformation Guide team decision making Team feedback Empower people to act 25% of overall performance Recognize assessment team contribution 55 Capital Markets Day - February 24th 2026
Slide 56: 2028 Financial Trajectory
2028 Financial Trajectory Olivier DURAND - CFO 56 Capital Markets Day - February 24th 2026
Slide 57: Drive what matters…
Drive what matters… H1 2022 – 2026 Balanced debt maturity profile Restored at the end of 2025 Net debt financial structure (in €bn) 8.4 €2bn €1bn 6.6 6 2026 2027 2028 2029 2030 2031 2032 2033+ Leverage 3.1x ~5.5 Average debt matutity: 3.4 years ~4.5 2.0x 1.7x 1.5x H1 2022 2024 2025 2026 2026 organic
Slide 58: Drive what matters… to unlock what's next
Drive what matters… to unlock what’s next H1 2022 – 2026 2026 – 2028 Restored Restored Net debt financial structure financial flexibility (in €bn) 8.4 Recurring free cash flow 6.6 Additional 6 divestitures Leverage 3.1x ~5.5 ~4.5 2.0x Solid financial 1.7x 1.5x structure enabling sustainable growth 1
Slide 59: 2025, a strong foundation for future performance
2025, a strong foundation for future performance Increased Improved Reduce operating margin net cash flow* quality debt & leverage % of sales in €m, Net debt % of sales (in €bn) 5.6% 962 6.6 5.2% 6.0 655 o/w 3.7% €777m Leverage 2.0x recurring 1.7x 2.4% NCF (80%) 2024 2025 2024 2025 2024 2025 Booster
Slide 60: Planned Interiors divestiture, a pivotal milestone
Planned Interiors divestiture, a pivotal milestone A focused Increased Net debt portfolio operating margin reduction >€1bn Sales (in €bn) As a % of sales 26.2 6.0% 21.3 5.6% Growth cluster Gross debt reduction >1.3 Value >1.0 2025 2025 cluster 2025 2025 >€1.4bn pro forma* pro forma* IFRS 5 applicati
Slide 61: Focused portfolio, differentiated financial strategy
Focused portfolio, differentiated financial strategy Growth cluster > Sales expansion driven by innovation Value cluster > Including potential divestitures > Solid operating income and scale thanks to cost efficiency programs > Prioritized capital and product mix allocation > CAPEX-optimized strateg
Slide 62: Managing Electronics and Seating for growth
Managing Electronics and Seating for growth Sales in €bn High Operating margin Continued growth progress 12.6 – 13.2 11.3 ≥7.0% Electronics ≥12% ~10% 3.8-4.2 Sales CAGR 6.1% >8.0% Seating 3.1 Sales CAGR ~7.5% ≥2 % ≥4 % 8.2 8.7-9.1 Sales CAGR ≥6.5% Sales CAGR 5.5% 2025 pro forma* 2028 at constant FX
Slide 63: Managing our Value cluster for cash
Managing our Value cluster for cash Sales in €bn Operating margin Recurring performance Low organic growth & 10.0 Divestitures ≥7.0% Clarion 1.4 8.4-8.8 5.9% Lifecycle Solutions 1.0 4.3% Lighting 9.7% 3.6 Clean Mobility 2.9% 4.0 8.9% 2025 pro forma* 2028 at constant FX 2025 pro forma* 2028 > Clean M
Slide 64: Mix and further cost reduction driving profitability up
Mix and further cost reduction driving profitability up Sales (in €bn) Operating Margin (as a % of sales) ≥ 2% organic CAGR Growth 26.2 Value ≥7.0% 21-22 Divestitures 21.3 Organic at constant FX & contingency Divestitures growth 8.4 Cost Growth Value - 8.8 6.0% measures 10 cluster cluster Value Valu
Slide 65: Sustained, high-quality net cash flow
Sustained, high-quality net cash flow NCF Recurring NCF* Recurring Strengthening structural Net Cash Flow Free Cash Flow generation Operating margin improvement Investments below 7% of sales 3.9% *** ~ ~3.5% Restructuring costs normalizing in 2028 ** 2025 proforma Financial costs below €400m in 2028
Slide 66: A clear capital allocation policy
A clear capital allocation policy Recurring Shareholder Net Cash return Flow FORVIA remains committed to long term capital return to shareholders The dividend and share buybacks* Financial will take into account: structure > Group financial results > Group financial position, FORVIA aims for a solid
Slide 67: A stronger FORVIA: 2028 ambition
A stronger FORVIA 2028 AMBITION Sales Operating Net Cash Net Debt/ margin Flow Adj. EBITDA €21-22bn ≥7% ~3.5% 1.2X at constant FX of sales of sales vs. €21.3bn in 2025 pro forma* vs. 6.0% in 2025 pro forma* vs. 3.9%** in 2025 pro forma* vs. 1.7x in 2025 Strong momentum Margin of both Higher quality
Slide 68: Conclusion
Conclusion Martin FISCHER - CEO 68 Capital Markets Day - February 24th 2026
Slide 69: Performance, Transformation, Culture
Best-in-class A disciplined and Performance refocused FORVIA Profitable growth from a position of strength Business Transformation Unlocking value creation with technology & leadership Invigorating People and performance Culture at the heart of the transformation 69 Capital Markets Day - February 24
Slide 70: Capital Markets Day - February 24th 2026
70 Capital Markets Day - February 24th 2026