Schaeffler Ag · XETR:SHA0

Schaeffler — Schaeffler Ag Ord — Q1 2025 Earnings Presentation

31 slides from Schaeffler's earnings presentation, May 7, 2025

  1. Slide 1: Q1 2025 Schaeffler AG earnings

    Q1 2025 Schaeffler AG earnings May 7, 2025 Herzogenaurach Copyright Schaeffler AG, 2025 – All rights reserved. |

  2. 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

  3. Slide 3: Overview

    1 1 Overview Overview 2 2 Business Performance Business Performance 3 3 Financial Performance Financial Performance 4 4 Outlook Outlook

  4. Slide 4: Q1 summary – Good start into the year

    1 OVERVIEW Q1 summary – Good start into the year 1 2 3 4 5 Sales growth1 Q1 Gross margin Q1 EBIT margin3 Q1 Free Cash Flow4 Q1 EPS5 Q1 -2.9% 21.5% 4.7% EUR -155 mn EUR 0.09 Q1 2025: EUR 5,924 mn Q1 2024: 19.2%2 Q1 2024: 4.7% Q1 2024: EUR -272 mn Q1 2024: N/A Key messages • Sales growth Q1 – Strong g

  5. Slide 5: Business Performance

    1 1 Overview Overview 2 2 Business Performance Business Performance 3 3 Financial Performance Financial Performance 4 4 Outlook Outlook

  6. Slide 6: Q1 Sales Performance – Heterogenous development across regions and divisions

    2 BUSINESS PERFORMANCE Q1 Sales1 Performance – Heterogenous development across regions and divisions Hedge 1: ICE vs. BEV Powertrain & Vehicle Bearings & E-Mobility2 Chassis2 Lifetime Industrial Solutions2 Solutions2 Q1 2025 1 % of Group Region sales 20% 39% 13% 28% growth Europe 46% +21.9% -19.2% +

  7. Slide 7: OEM Automotive Powertrain Sales – Outperformance in BEV, strong order intake in HEV

    2 BUSINESS PERFORMANCE OEM Automotive Powertrain Sales1 – Outperformance in BEV, strong order intake in HEV Outperformance by Powertrain Type2 Order Intake3 / Book-to-Bill4 by Powertrain Type Q1 2025 vs Q1 2024 Q1 2025 Sales growth Market growth2 Outperformance2 Order Intake Book-to-Bill3 Q1 2025 Q1

  8. Slide 8: E-Mobility – Strong growth and order intake, profitability improving yoy

    2 BUSINESS PERFORMANCE E-Mobility – Strong growth and order intake, profitability improving yoy Highlight Sales growth1 Q1 Order Intake2 Q1 • Successful ramp-up of 4th generation e-axle for Hyundai Motor Group +9.6% EUR 3.0 bn • Major acquisitions include a dual Inverter in BD Controls and latest ge

  9. Slide 9: Powertrain & Chassis – Negative growth due to ongoing market transformation, strong gross margin

    2 BUSINESS PERFORMANCE Powertrain & Chassis – Negative growth due to ongoing market transformation, strong gross margin Highlight Sales growth1 Q1 Order Intake2 Q1 • Significant order intake in the US market for our advanced P2 hybrid module with -10.7% EUR 2.8 bn integrated damper • New order intak

  10. Slide 10: Vehicle Lifetime Solutions – Double-digit growth, further gross profit margin improvement

    2 BUSINESS PERFORMANCE Vehicle Lifetime Solutions – Double-digit growth, further gross profit margin improvement Highlight Sales growth1 Q1 Outperformance2 Q1 • Expansion of powertrain agnostic Steering and Suspension product portfolio with 47 +10.7% +8.4pp new repair solutions • 3,800 repair soluti

  11. Slide 11: Bearings & Industrial Solutions – Slightly lower sales and gross margin

    2 BUSINESS PERFORMANCE Bearings & Industrial Solutions – Slightly lower sales and gross margin Highlight Sales growth1 Q1 Outperformance2 Q1 • New innovative needle roller bearing XZU specifically designed for wave -2.1% -2.5pp gears in industrial automation, robotics and other future growth fields

  12. Slide 12: Capital allocation – Disciplined capital allocation, Capital Employed stable

    2 BUSINESS PERFORMANCE Capital allocation – Disciplined capital allocation, Capital Employed stable Capex Q1 2025 Reinvestment in EUR mn Rate2 Q1 2025 Capex Q1 Reinvestment Rate1 Q1 E-Mob 96 1.0x EUR 250 mn 0.6x PTC 80 0.5x VLS 12 0.8x Q1 2024: EUR 317 mn Q1 2024: 0.8x B&IS 63 0.5x Others -1 Capital

  13. Slide 13: Tariff situation – Local-for-local approach mitigates direct tariff impact

    2 BUSINESS PERFORMANCE Tariff situation – Local-for-local approach mitigates direct tariff impact Trade Flows and Tariff Implication Key Aspects Tariffs have resulted in one of the most significant single-month adjustments to S&P Global Light Vehicle Production Forecasts EUR ~3 bn in trade flows aff

  14. Slide 14: Financial Performance

    1 1 Overview Overview 2 2 Business Performance Business Performance 3 3 Financial Performance Financial Performance 4 4 Outlook Outlook

  15. Slide 15: Sales and Gross Profit – Higher gross margin despite lower sales

    3 FINANCIAL PERFORMANCE Sales and Gross Profit – Higher gross margin despite lower sales Sales Gross Profit Bridge and margin Q1 2024 vs. Q1 2025 in EUR mn in EUR mn -2.9%1 +9 1,272 +54 +6 +7 0 1,180 +16 6,141 5,924 Gross Profit Price Volume Mix Production FX effect Others Gross Profit Q1 24 costs Q

  16. Slide 16: EBIT margin – Stable margin yoy, SG&A costs lower

    3 FINANCIAL PERFORMANCE EBIT margin1 – Stable margin yoy, SG&A costs lower EBIT1 EBIT1 Bridge and margin Q1 2024 vs. Q1 2025 in EUR mn in EUR mn +84 +41 +0.0pp 287 276 -65 -54 -17 EBIT Gross R&D SG&A Others FX2 EBIT 287 Q1 24 Profit expenses expenses Q1 25 276 excl. FX 4.7% 4.7% Key Aspects • Gross

  17. Slide 17: E-Mobility – Strong growth in BD Electric Drives, EBIT margin improved on higher volumes

    3 FINANCIAL PERFORMANCE E-Mobility – Strong growth1 in BD Electric Drives, EBIT margin2 improved on higher volumes Sales EBIT2 Sales by business division Q1 in EUR mn in EUR mn yoy growth1 Electric Drives +9.6%1 Mechatronics & Modules 15% +35.7% -11.5% 30% 1,174 +6.9pp Controls 1,089 +5.6% 55% -29.8

  18. Slide 18: Powertrain & Chassis – Sales decline mainly related to Europe, strong EBIT margin

    3 FINANCIAL PERFORMANCE Powertrain & Chassis – Sales decline mainly related to Europe, strong EBIT margin2 Sales EBIT2 Sales by business division Q1 in EUR mn in EUR mn yoy growth1 Chassis Systems 4% -16.1% -10.7%1 42% 2,588 -0.3pp Powertrain Solutions -17.2% 54% Engine & Transmission 328 Systems 2,

  19. Slide 19: Vehicle Lifetime Solutions – Strong growth and EBIT margin

    3 FINANCIAL PERFORMANCE Vehicle Lifetime Solutions – Strong growth1 and EBIT margin2 Sales EBIT2 Sales by business division Q13 in EUR mn in EUR mn yoy growth1 +10.7%1 Specialty Business +7.4% 26% 783 Platform Business 5% Repair & Maintenance -0.1pp 717 Solutions +61.3% 69% 123 +9.4% 114 Key Aspects

  20. Slide 20: Bearings & Industrial Solutions – Slight sales decline, double-digit EBIT margin

    3 FINANCIAL PERFORMANCE Bearings & Industrial Solutions – Slight sales decline, double-digit EBIT margin2 Sales EBIT2 Sales by business division Q13 in EUR mn in EUR mn yoy growth1 Linear Motion Industrial Bearings -2.1% +5.8% 7% -0.2% 1,663 -1.3pp 1,627 40% 53% Automotive Bearings -5.5% 190 164 XXX

  21. Slide 21: Free Cash Flow – Seasonal negative FCF, Capex discipline

    3 FINANCIAL PERFORMANCE Free Cash Flow – Seasonal negative FCF, Capex discipline Free Cash Flow before M&A1 FCF Bridge Q1 2025 in EUR mn in EUR mn 614 +117mn -417 +60 -250 -75 -87 -155 EBITDA ∆ Net Working Capex Net Interest Taxes Others FCF Q1 25 Capital Q1 251 -155 -272 Q1 24 Q1 25 Key Aspects • S

  22. Slide 22: Debt Profile – Pro Forma Leverage ratio at 2.2x

    3 FINANCIAL PERFORMANCE Debt Profile – Pro Forma Leverage ratio1 at 2.2x Reported net financial debt and Leverage ratio1 Maturity Profile Schaeffler AG3 in EUR mn in EUR mn 76 76 167 4,920 5,013 650 57 4,812 4,834 850 1,300 4,613 750 600 600 500 667 462 42 87 132 2.4x 2.5x 2.5x 42 2.1x 2.2x 2025 202

  23. Slide 23: Outlook

    1 1 Overview Overview 2 2 Business Performance Business Performance 3 3 Financial Performance Financial Performance 4 4 Outlook Outlook

  24. Slide 24: FY 2025 Guidance – Confirmed for all metrics, while dealing with tariffs and trade conflicts

    4 OUTLOOK FY 2025 Guidance – Confirmed for all metrics, while dealing with tariffs and trade conflicts 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 3% to 5% -17%

  25. Slide 25: Outlook – Capital Markets Day September 16, 2025

    4 OUTLOOK Outlook – Capital Markets Day September 16, 2025 Financial calendar and selected IR events 2025 May 7 Q1 2025 Earnings Release May 19/20 BNP EV and Mobility Conference – Hongkong May 21/22 JPM Global China Summit – Shanghai May 28 DB European Champions Conference – Frankfurt June 3 JPM Eur

  26. Slide 26: Backup

  27. Slide 27: 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

  28. Slide 28: Market assumptions

    BACKUP Market assumptions Global LVP1 Global and regional LV Parc2 Global and regional Industrial Production3 89.5 87.9 4.8% 4.1% World 2.6% World 1.7% 1.1% 1.2% 2.2% 21.4 22.1 21.5 24.4 21.7 -0.1% Q1 Q2 Q3 Q4 2024 Q1 2025e Europe Americas Greater China Asia/Pacific Europe Americas Greater China Asi

  29. Slide 29: Key figures by division 2025

    BACKUP Key figures by division 2025 Group Q1 25 Q2 25 Q3 25 Q4 25 FY 25 VLS Q1 25 Q2 25 Q3 25 Q4 25 FY 25 in EUR mn in EUR mn Sales 5,924 Sales 783 Sales growth1 -2.9% Sales growth1 +10.7% EBIT2 276 EBIT2 123 EBIT margin2 4.7% EBIT margin2 15.7% E-Mob Q1 25 Q2 25 Q3 25 Q4 25 FY 25 B&IS Q1 25 Q2 25 Q

  30. Slide 30: 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

  31. Slide 31: Overview corporate and financing structure

    BACKUP Overview corporate and financing structure Financing structure as of March 31, 2025 IHO Verwaltungs GmbH Corporate structure (simplified) as of March 31, 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+4.25% Feb-2

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