Slide 1: ElringKlinger – A Transformation Story
ELRINGKLINGER – A TRANSFORMATION STORY Thomas Jessulat, CEO March 27, 2025
Slide 2: Highlights 2024 and Strategic Background
HIGHLIGHTS 2024 AND STRATEGIC BACKGROUND 1 Analysts‘ Conference on FY 2024 Figures 27.03.2025
Slide 3: Strategic Reorientation – Focus on Core Business
HIGHLIGHTS 2024 STRATEGIC REORIENTATION – FOCUS ON CORE BUSINESS NAVIGATING THE SHAPING THE PREPARING FOR IMPROVING KEY CHALLENGING BUSINESS MODEL GROWTH CYCLE FINANCIAL FIGURES SITUATION OF IN THE MEDIUM TERM AUTOMOTIVE INDUSTRY Profound Terminating Disciplined capex Delivering on transformation no
Slide 4: Impairments & Restructuring for Shaping Business Model
HIGHLIGHTS 2024 IMPAIRMENTS & RESTRUCTURING FOR SHAPING BUSINESS MODEL TERMINATING DIVESTING CONSOLIDATING NON-PERFORMING CAPEX-INTENSIVE GLOBAL FOOTPRINT PRODUCT GROUPS BUSINESS Discontinuing systems business Disposal of entities Discontinuing operations for electric drive units + in Sevelen (CH) a
Slide 5: Preparing for Growth Cycle
HIGHLIGHTS 2024 PREPARING FOR GROWTH CYCLE E-MOBILITY SALES DISCIPLINED CAPEX ESTABLISHING NEW ALREADY INCREASING SPENDING FOR RAMP-UP BATTERY HUB AMERICAS OF LARGE-SCALE ORDERS IN EASLEY, SC (USA) E-Mobility sales – in mEUR Capex – in mEUR 108 102 69 71 48 5.7 6.0 42 3.9 3.9 2.4 2.6 2022 2023 2024
Slide 6: Improving Financial Figures in the Medium Term
HIGHLIGHTS 2024 IMPROVING FINANCIAL FIGURES IN THE MEDIUM TERM DELIVERING ON PROFITABILITY AND SOLID CASH GUIDANCE IN 2024 FINANCIAL SITUATION Guidance Actual New syndicated loan covering a period of 5 years ~ 5% 4.9 % ✓ EBIT margin at standard market terms (adjusted) in March 2025 Operating free ca
Slide 7: Group Financials
GROUP FINANCIALS 6 Analysts‘ Conference on FY 2024 Figures 27.03.2025
Slide 8: Organic Sales Development in Line with Market
GROUP FINANCIALS FY 2024 ORGANIC SALES DEVELOPMENT IN LINE WITH MARKET Sales – in mEUR Sales – in mEUR Global LV production* – in million units Organic: -0.9% -2.4% -1.1% 1,847 1,798 1,847 1,803 90.5 89.5 82.3 -28.1 (-1.5%) 0.0 -15.9 (-0.9%) 1,803 2023 FX M&A organic 2024 2022 2023 2024 2022 2023 20
Slide 9: E-Mobility Sales Doubled, Sales Growth in Europe
GROUP FINANCIALS FY 2024 E-MOBILITY SALES DOUBLED, SALES GROWTH IN EUROPE Sales by business unit – in % of sales Sales by region – in % of sales LV production by region* – in million units resp. in % 1,803 -1.1% 1,847 <1% 1,847 Others 1,803 <1% 7% 7% Engineered Plastics 5% South America & 6% Rest of
Slide 10: Broadly Diversified Customer Base
GROUP FINANCIALS FY 2024 BROADLY DIVERSIFIED CUSTOMER BASE Sales by customer – in % of Group sales American OEMs 7% 16% (19%) Other 5% 31% (29%) 4% 7% 1,803 6% German OEMs mEUR 17% (18%) 4% 4% 2% European OEMs 6% (6%) Aftermarket 19% (16%) Tier 1 12% (12%) 9 Analysts‘ Conference on FY 2024 Figures 3
Slide 11: Dividend Proposal Based on Operating Earnings
GROUP FINANCIALS FY 2024 DIVIDEND PROPOSAL BASED ON OPERATING EARNINGS (Adjusted) EBITDA – in mEUR EBIT adjusted* – in mEUR Earnings per share – in EUR (Adjusted) EBITDA margin – in % of sales Adjusted EBIT margin* – in % of sales Dividend per share – in EUR -28% -13% +13% 200.3 197.1 100.1 0.70 0.6
Slide 12: Higher Capex for Ramp-up of E-Mobility Orders
GROUP FINANCIALS FY 2024 HIGHER CAPEX FOR RAMP-UP OF E-MOBILITY ORDERS R&D expenses – in mEUR Net working capital – in mEUR Capex – in mEUR R&D ratio – in % of sales Net working capital ratio – in % of sales Capex ratio – in % of sales -0.8% +52% -26% 96.0 95.3 454.7 466.3 108.3 91.8 346.9 69.3 71.2
Slide 13: Net Debt on 13-Years-Low
GROUP FINANCIALS FY 2024 NET DEBT ON 13-YEARS-LOW Operating free cash flow – in mEUR Net financial debt – in mEUR Equity – in mEUR Net financial debt to EBITDA (adjusted) Equity ratio – in % of total assets +59% -25% 58.4 364.2 -24% 910.7 896.8 323.2 685.3 245.9 45.3 36.7 43.8 39.0 14.8 3.2 2.1 1.6
Slide 14: Successful Growth Strategy in Aftermarket Continues
SEGMENTAL FINANCIALS FY 2024 SUCCESSFUL GROWTH STRATEGY IN AFTERMARKET CONTINUES Sales – in mEUR Adjusted EBIT margin* - in % of segmental sales -5.4% +12% 1,411.4 1,411.9 1,335.2 336.3 300.1 250.9 Original 24.0 22.9 20.1 Aftermarket Equipment (OE) 0.7 0.0 -0.1 2022 2023 2024 2022 2023 2024 -2% 132.
Slide 15: Markets and Outlook
MARKETS AND OUTLOOK 14 Analysts‘ Conference on FY 2024 Figures 27.03.2025
Slide 16: Our Agenda for 2025
OUTLOOK OUR AGENDA FOR 2025 Ramp-up of further large-scale orders Reviewing product portfolio High capex, particularly in H1 Analyzing market development Rising E-Mobility sales Assessing different product groups Low cash flow particularly in H1 for future viability Will compensate sales
Slide 17: China Up, Europe and North America Sluggish
MARKET CHINA UP, EUROPE AND NORTH AMERICA SLUGGISH Expected LV production* – in million units North America Europe Greater China +1.8% -2.1% -3.5% 29.0 30.1 30.6 15.7 15.4 15.1 18.0 17.2 16.6 2023 2024 2025 2023 2024 2025 2023 2024 2025 Global 0.0% 90.5 89.5 89.5 2023 2024 2025 16 Analysts‘ Conferen
Slide 18: Outlook FY 2025 and Mid-term
GROUP OUTLOOK FY 2025 Mid-term Actual 2024 Revenue On previous year’s level* Moderate organic growth 1.644 bEUR* Adjusted EBIT Margin Approx. 5% of revenue Approx. 7 to 8% of revenue 4.9 % Operating Free Cash Flow Approx. 1 to 3% of revenue Approx. 2 to 4% of revenue 3.2% ROCE adjusted Around 6% At
Slide 19: Financial Calendar
GROUP FINANCIAL CALENDAR Preliminary figures FY 2024 100th anniversary of Annual General February 27, 2025 Paul Lechler’s death Meeting April 24, 2025 May 16, 2025 CMD Q3 Full figures FY 2024 Q2 March 27, 2025 AGM Q1 Capital Markets Day November 2025 FY 2024 Q3 2025 Prelim. November 12, 2025 FY 2024
Slide 20: Appendix
APPENDIX 19 Analysts‘ Conference on FY 2024 Figures 27.03.2025
Slide 21: Management Board Focusing on Transformation
SENIOR MANAGEMENT MANAGEMENT BOARD FOCUSING ON TRANSFORMATION Thomas Jessulat, CEO (Board member since 2016, CEO since 2023) Corporate units Corporate Sustainability Finance Global Strategy & Digital Transformation HR IT Legal & Compliance M&A and Innovations Strategic Communications Business units
Slide 22: Another Step Forward: Two Locations Divested
STRATEGIC GROUP ALIGNMENT ALONG SHAPE30 ANOTHER STEP FORWARD: TWO LOCATIONS DIVESTED Free Cashflow Years Classical business New business Generating Inducing earnings and cash start-up losses Portfolio Limitations regarding profitability and cash generation Non-core business to be divested or d
Slide 23: ElringKlinger Represented in Relevant Auto Regions
GROUP ELRINGKLINGER REPRESENTED IN RELEVANT AUTO REGIONS Production locations of global top 15 OEM ( ) ElringKlinger production sites ( ) Germany UK China Eastern France Europe/ Spain Turkey Korea Italy Japan USA/Canada India Southeast Asia Mexico South South Africa America 22 Analysts‘ Conference o
Slide 24: More Than 140 Years of Experience
MORE THAN 140 YEARS OF EXPERIENCE History of ElringKlinger in very brief Shareholder structure as at December 31, 2024 1879 Paul Lechler establishes a merchandising business in Stuttgart for technical products and gaskets. 1885 Richard Klinger establishes an 1924 The first Lechler cylinder-head engi
Slide 25: Contact
ELRINGKLINGER GROUP INVESTOR RELATIONS CONTACT Dr. Jens Winter Heiderose Mall Patrick Perez Vice President Strategic Communications Strategic Communications Strategic Communications Phone: +49 7123 724-88335 Phone: +49 7123 724-463 Phone: +49 7123 724-9594 Mail: jens.winter@elringklinger.com Mail: h
Slide 26: 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