Forvia Se · EURONEXT:FRVIA
Forvia — Investor Day (November 2022)
130 slides from Forvia's investor day presentation, Nov 3, 2022
Slide 1: Capital Markets Day
~ FORVIA POWER2S CAPITAL MARKETS DAY November 3, 2022 =ORVIA Inspiring mobility
Slide 2: Agenda
AGENDA RSRRAaSS FORVIA IN 2025 HELLA PATH TO 2025 STRATEGIC PRIORITIES BY BUSINESS GROUP 2025 FINANCIAL ROADMAP KEY TAKEAWAYS Q&A FORVIA Inspiring mobility
Slide 3: FORVIA in 2025
FORVIA IN 2025 Patrick Koller, CEO Faurecia FORVIA Inspiring mobility
Slide 4: Sustainable Mobility Tech Leader
FORVIA SUSTAINABLE MOBILITY TECH LEADER
Slide 5: We are FORVIA
WE ARE FORVIA =ORVIA Inspiring mobility
Slide 6: From Faurecia to FORVIA: a transformed group
FROM FAURECIA TO F A TRANSFORMED GROUP ~ = Bigger free float (+85%) = New growth opportunities = Entry into the CAC NEXT stock market index in March 2021 Re = Critical edge to benefit from strategic growth drivers = +35% sales = 7th global supplier — = Advanced technologies perfectly aligned with au
Slide 7: FORVIA: a new global leader in automotive technologies
- FORVIA: A NEW GLOBAL LEADER IN AUTOMOTIVE TECHNOLOGIES 7th TiN 2 vebicies 6 Global automotive worldwide equipped Business Groups supplier with FORVIA products 77 >8% of sales R&D centers Gross R&D BF { ] 300 42 | 150,000 sites countries employees /
Slide 8: =ORVIA
=ORVIA Inspiring mobility
Slide 9: That matters
THAT MATT
Slide 10: A diversified and balanced portfolio
A DIVERSIFIED & BALANCED PORTFOLIO ALIGNED WITH AUTOMOTIVE MEGATRENDS GROWTH & VALUE & CASH NEW GROWTH PROFITABILITY DRIVERS Electronics Clean Mobility Sustainable Materials Ultra-Low Emission Cash generation Hydrogen Solutions Interiors Lifecycle Solutions incl. Symbio High potential . 4 in the mid
Slide 11: Strong EV growth across segments
D ) GROWTH ACROSS STRON -EMBEGN ===| 36% OfFORVIAorders f . "| on EV platforms in 2022 |~ S| {sO | : —— Lees | BEV market hes Automated Driving Cockpit Electronics ee mark owth __growth (volume) market growth Ins reg ea
Slide 12: Growth across key segments
2S rACROMS K Y SEGMENTS — Asia Premium SUVs & Light Trucks Balanced a “| ~30% of FORVIA ~40% of FORVIA— ~20% of FORVIA ‘portfolio — ~~ | orders in 2022 orders in 2022 orders i in 2022 = - = —4— —-— a —h 2 == Asia's vehicle Premium vehicle ' hn & Light Truck FORVIA global sales selena production mark
Slide 13: FORVIA POWER25
FORVIA POWER25 Inspiring mobili
Slide 14: Short-term headwinds
SHORT-TERM HEADWINDS = Inflation = Energy crisis = Supply chain disruptions = Cost & availability of money —_- IMPACT ON _ & DEMAND — Scoregs -TERM HEADWINDS POWER25 PLAN = Sales growth driven by innovation id sustainability reakeven lowered to 61m vehicles roduced globally in 2025 ng cash conversio
Slide 15: POWER25 is based on conservative assumptions
POWER25 IS BASED ON CONSERVATIVE ASSUMPTIONS WORLDWIDE AUTOMOTIVE PRODUCTION REGIONAL AUTOMOTIVE PRODUCTION (in million units, incl. vehicles between 3.5t and 6t in Asia) (in million units , incl. vehicles between 3.5t and 6t in Asia) 95 94 i H Europe : North America | Asia 89 60 (excl. Russia) i i
Slide 16: POWER25 to lower breakeven and increase cash generation
POWER25TO LOWER & INCREASE CASH GENERATION BREAKEVEN POINT 2025 2025 BREAKEVEN POINT P&L Reduced to 63m LVs €150m fixed costs reduction 61m LVs Leading to €300m of fixed costs reduction vs 2022 NET CASH FLOW >1.5% of sales EBITDA a fy rate 4% of sales EBITDA conversion rate Dp =ORVIA Inspiring mobil
Slide 17: Transversal digitalization as an enabler
TRANSVERSAL DIGITALIZATION AS AN ENABLER Leverage insights from data end-to-end to take better decisions Digital value chain Differentiate FORVIA by being close tothe most —— ’ promising start-ups My i ; Enhance customer & employee f experiences ‘ i Digital Prepare FORVIA to prevent and ‘ co- mitiga
Slide 18: FORVIA's POWER25 priorities
FORVIA'S POWER25 PRIORITIES 2021 e22bn Revenues DRIVE SALES GROWTH THROUGH INNOVATION & SUSTAINABILITY 2025 ~€30bn Revenues Based on production of 88 million vehicles in 2025 After €lbn planned disposals ENHANCE PROFITABILITY & LOWER BREAKEVEN 2021 2025 5.6% >7% Op. Margin Op. Margin 2025 Breakeven
Slide 19: Clear targets for each POWER25 pillar
FOR EACH POWER25 P CLEAR TARGETS LLAR 2021-2025 SALES FROM €22bn To ~€30bn +8% p.a. CAGR 21-25 (>+9% p.a. before disposals) = +80% of 2025 sales already secured = 36% of orders on EV platforms 30% of sales in Asia A 2021-2025 OPERATING MARGIN FROM 5.6% To >7% = Volume mix = Inflation pass-through =
Slide 20: Deleveraging post-HELLA acquisition
DELEVERAGING POST-HELLA ACQUISITION fd), EBITOA 3.1X Net debt €8.4bn €1.0bn by end-2023 y c.€0.8bn —_ — Ye —_ Cumulated NCF Disposal Dividend. ‘id IFRS 16 June 30,2022 149. 2022- FY2025 —program poeta & Other Preah ‘incl. dividends to minorities =ORVIA Inspiring mobility
Slide 21: ESG as a business driver
ESG AS A BUSINESS DRIVER =ORVIA Inspiring mobility
Slide 22: First automotive company with SBTi-approved net zero target
FIRST AUTOMOTIVE COMPANY WITH SBTi-APPROVED NET ZERO TARGET SBTi-NET ZERO CURVE [SCOPES 1, 2, 3] vco, CO, neutral OUR 45000000 Scopes 1& 2 OBJECTIVES 40000000 as = By 2025: CO, neutral 30000000 on scopes 1&2 = By 2030: reduce GHG 20000000 emissions by 45% across scope 3 Net Zero All scopes 2045 . le
Slide 23: Energy savings and hedging to control P&L impact
ENERGY SAVINGS & HEDGING TO CONTROL P&L IMPACT Energy policy P&L impact (€m) 1 8 xX FORVIA _—_—_ 8 s__ Energy bill ie 24 2021-23, 7 41 8 vs. 9X 2021-23 theoretical increase based 2021 2023 2023 wll 2023 2023 on FORVIA activity and market energy bill activity energy energy@__ price activity ate estim
Slide 24: =ORVIA
=ORVIA Inspiring mobility
Slide 25: =ORVIA
=ORVIA Inspiring mobility
Slide 26: Materi'act: an innovative new player in sustainable materials
MATERIACT: AN INNOVATIVE NEW PLAYER IN SUSTAINABLE MATERIALS Materials with up to 85% improved CO, vs. state-of-the-art Feedstocks secured with key partnerships (e.g. Veolia for recycled plastics) Over €2bn sales in 2030 Mastering highly variable inputs (low or negative CO, footprint) Mastering inpu
Slide 27: We speed up our actions
WE SPEED UP OUR ACTIONS i ies : rE a3 a . Renewable 4 * Creation of CO, criteria in short term automotive company energy s ATERIACT 4 j compensation for with net-zero target On-site & Off-site PPAs a new company for 4,800 approved by the Science signed in 2022 4 Sustainable Materials managers* Based
Slide 28: One FORVIA, two listed companies
ONE FORVIA, Governance Integration Supervisory Board TWO LISTED COMPANIES 16 members = 8employee representatives = 3independent members = 5 members nominated by Faurecia Shareholder Board of Committee Directors 8 members 14 members, of = 3independent which members = 2employee = 5members representati
Slide 29: HELLA path to 2025
HELLA PATH TO 2025 Michel Favre, Member of HELLA Management Board, CEO HELLA Bernard Schaferbarthold, Member of HELLA Management Board, CFO HELLA FORVIA Inspiring mobility
Slide 30: HELLA's strategic pillars
HELLA'S STRATEGIC PILLARS STRENGTHENED BY WORKING TOGETHER 8 a MARKET & TECHNOLOGY GLOBAL PRESENCE & OPERATIONAL LEADERSHIP BROAD CUSTOMER PORTFOLIO EXCELLENCE
Slide 31: Consistent strategy since acquisition
CONSISTENT STRATEGY SINCE MARKET & TEC = Market position in High Voltage & Automated Driving strengthened, e.g. awards for = Record order intake of ~€10bn in FY21/22 achieved X High Voltage with >€1bn total = Breakthrough in EV sales, e.g. turnover Lighting order book wit 4 share \ = Leading lightin
Slide 32: Significant cost and revenue synergies with Faurecia
SIGNIFICANT COST & REVENUE SYNERGIES WITH FAURECIA REALIZATION LEVELS FORVIA TARGETS Cost synergies FTale | optimization >€250m 2025 EBIT impact Revenue synergies €300-400m annual sales increase by 2025 >200 >40% >300m_ Individual synergy measures, validated by joint Faurecia & HELLA teams and broke
Slide 33: Change already underway with significant results
CHANGE ALREADY UNDERWAY WITH SIGNIFICANT RESULTS Joint Purchasing commodity strategies defined and in execution Standard supplier panels being rolled out; purchasing teams working as one Combining of real estate management and optimizing real estate footprint (e.g. consolidation of HQs in the USA) C
Slide 34: HELLA's POWER25 strategic priorities
STRATEGIC PRIORIT HELLA’S POWER25 IES DRIVE SALES GROWTH THROUGH INNOVATION & SUSTAINABILITY Leverage strong technology position in Electronics & Lighting Intensify local for local Grow business with Chinese OEMs (incl. new players) and expand in Americas Capture additional growth opportunities in L
Slide 35: HELLA's POWER25 strategic priorities targets
HELLA’S POWER25 STRATEGIC PRIORITIES DRIVE SALES GROWTH THROUGH INNOVATION & SUSTAINABILITY ENHANCE PROFITABILITY & LOWER BREAKEVEN GENERATE STRONG CASH CONVERSION AND ACTIVELY MANAGE PORTFOLIO 2021) 2025 2021' 2025 2021' 2025 6x >8. = ~ hy, 6.3 pn >9.4on Adj. EBIT/ Adj. EBIT/ 1x ears ae NCF/sales¢
Slide 36: Profitable growth backed by megatrends
PROFITABLE GROWTH BACKED BY MEGATRENDS & ATTRACTIVE POSITION IN CORE MARKETS Sales’ >€9.4bn €6.3bn 2021 2025e pro-forma ®@ Electronics ll Lifecycle Solutions MM Lighting +10% p.a. cacr * Before disposals » Market trends such as Electrification and ADAS will drive growth in Electronics and Lighting (
Slide 37: Operational efficiency: key driver for profitability improvement
OPERATIONAL EFFICIENCY: KEY DRIVER FOR PROFITABILITY IMPROVEMENT Adj. EBIT/ OPERATING MARGIN* as Gotedion * Scale advantage through volume growth and higher selectivity in customer projects = Successful management of Lighting turnaround >8% » Atleast 80% pass-through of cost inflation 6% « Further r
Slide 38: Improvement of cash generation top priority
IMPROVEMENT OF CASH GENERATION TOP PRIORITY WITH A FOCUS ON WCR & CAPEX NCF as % of sales” ~h% -1% 2021 2025e pro-forma = Continued portfolio management — Profitability increase Decrease of Working Capital-to-sales ratio by ~1OObps per year between 2022 to 2025 with inventory reduction as key driver
Slide 39: Robust financial structure secures future business success
ROBUST FINANCIAL STRUCTURE SECURES FUTURE BUSINESS SUCCESS Gross Debt HELLA maturity profile (Aug 2022) €500m » Strong financing backbone with long-term maturity profile = Strong balance sheet with cash and cash ‘es0om eazzn equivalents of €1bn = Renewed (undrawn) syndicated credit line €175m facili
Slide 40: Robust HELLA targets for each POWER25 pillar
ROBUST HELLA TARGETS FOR EACH POWER25 P LLAR 2021-2025 SALES FROM €6.3bn To >€9.4bn = +10% p.a. CAGR 21-25 = Market outperformance by all Business Groups = 80% of 2025 sales already secured = 50% of sales outside of Europe et eT 2021-2025 OPERATING MARGIN FROM 6% To >8% = Volume and content growth =
Slide 41: Strategic priorities by business group
STRATEGIC PRIORITI as) BY BUSINESS GROUP FORVIA Inspiring mobility
Slide 42: Electronics
ELECTRONICS Bjorn Twiehaus, Member of HELLA Management Board HELLA Electronics Francois Tardif, Executive Vice-President Faurecia Electronics FORVIA Inspiring mobility
Slide 43: Strong complementary portfolios supporting profitable growth
STRONG COMPLEMENTARY PORTFOLIOS SUPPORTING PROFITABLE GROWTH ELECTRIFICATION SAFE & AUTOMATED DIGITAL & SUSTAINABLE & ENERGY MANAGEMENT DRIVING COCKPIT EXPERIENCES = Battery and Power Electronics = Radars and Sensors = Cockpit technologies and for 12V and 48V = X-by-Wire applications (e.g. “by softw
Slide 44: Top in attractive market segments
TH TOP 3 IN ATTRACTIVE MARKET SEGMENTS ROUGH EFFICIENT PORTFOLIO MANAGEMENT ELECTRIFICATION & ENERGY MANAGEMENT = Based on recent awards, leverage leadership in Low Voltage to gain on sustainable positions in “Lh 5 eri High Voltage = Seize growth potential in fast-growing market with Coolant Control
Slide 45: Software capabilities as foundation for increased profitability
SOFTWARE CAPABILITIES AS FOUNDATION FOR INCREASED PROFITABILITY Strong joint software capabilities... ..ensure competitiveness through efficiency increase in software development = Software development strategy - platforms and re-use = Digital Engineering - simulation, methods & tools, safety 3,000
Slide 46: Global presence with strong regional and customer footprint
ELECTRONICS POWER25 GLOBAL PRESENCE WITH STRONG REGIONAL & CUSTOMER FOOTPRINT Sales by customer region 2021 - HELLA ELECTRONICS 2021 - FAURECIA ELECTRONICS 2025 - FORVIA ELECTRONICS Japan& China Rest of Asia Europe Americas Asia 5 Japan& (ctrl Rest of Asia Europe Americas Asia . Japan& China Rest of
Slide 47: Global R&D network with increasing best-cost country set-up
ELECTRONICS POWER25 GLOBAL R&D NETWORK WITH INCREASING BEST-COST COUNTRY SET-UP R&D Headcount Increase R&D efficiency 2021 — HELLA ELECTRONICS 2021 -— FAURECIA ELECTRONICS 2025 - FORVIA ELECTRONICS best-cost countries a. = —*” = Increased workforce capabilities through skill-set development = Increa
Slide 48: 1.8x sales growth by 2025 with an optimized footprint
ELECTRONICS POWER25 1.8x SALES GROWTH BY 2025 WITH AN OPTIMIZED FOOTPRINT Manufacturing footprint Increased manufacturing efficiency Europe Footprint adaptations = Japan rightsizing = China consolidation = Mexico modernization aes = Hungary and Thailand expansion 5 5 \ 4 : — EE \ J U " Optimized pla
Slide 49: HELLA Electronics sales growth
ELECTRONICS POWER25 HELLA Electronics sales = Reinforced leadership in electrification components and automated driving based on €4.5bn mature and sustainable portfolio = Strengthened regional growth with emphasis on local-for-local approaches in China and North €2.7bn and South America " >80% of 20
Slide 50: HELLA Electronics: improved profitability
ELECTRONICS POWER25 HELLA ELECTRONICS: IMPROVED PROFITABILITY HELLA Electronics Operating Margin as % of sales R&D efficiency & effectiveness increase supported by HELLA Global Software House Selective optimization of global footprint 7.2% Optimum utilization of plants HELLA Electronics & FAURECIA E
Slide 51: Faurecia Electronics: mix rebalanced for profitability
ELECTRONICS POWER25 FAURECIA ELECTRONICS: MIX REBALANCED FOR PROFITABILITY Faurecia Electronics sales = Selectivity for profitability & strengthened position on Automated Driving, Display Technologies and Cockpit Electronics = Rebalanced regional mix and increased global customer presence in Europe
Slide 52: Faurecia Electronics: accelerating turnaround
ELECTRONICS POWER25 FAURECIA ELECTRONICS: ACCELERATING TURNAROUND Faurecia Electronics Operating Margin as % of sales 2021 Volume & mix Inflation Inflation Operational R&D efficiency Contingencies 2025e compensation performance & Synergies Product mix Japan R&D offshoring rightsizing in India & Chin
Slide 53: Electronics key takeaways
ELECTRONICS POWER25 KEY TAKEAWAYS DRIVE SALES GROWTH THROUGH INNOVATION & SUSTAINABILITY From €3.5Bn to >€6.3Bn 2021-2025 = Strong order intake with booked business for 2025 = Sales synergies based on complementary OEM access = Growth driven by innovation & software ENHANCE PROFITABILITY & LOWER BRE
Slide 54: Interiors
INTERIORS Jean-Paul Michel, Executive Vice-President Interiors FORVIA Inspiring mobility Teen...
Slide 55: Well positioned to combine user experience and sustainability
WELL POSITIONED TO COMBINE USER EXPERIENCE & SUSTAINABILITY INSTRUMENT DOOR CENTER SAS INTERIOR PANELS PANELS CONSOLES MODULES Inspiring mobili
Slide 56: Consolidating market with focus on sustainability
Emissions vehicles Changes in vehicle architecture and use cases - driven by electrification and autonomous driving Increased technology content and value Focus on fast-growing sustainability and Zero ONSOLIDATI NG #1 #1 WORLDWIDE 21-25 Interiors market CAGR >6% pa. driven by BEV, China and addition
Slide 57: Our ambition: market leader in sustainable cockpit experience
INTERIORS POWER25 OUR AMBITION: MARKET LEADER IN SUSTAINABLE COCKPIT EXPERIENCE INTERIORS 4.0 Be the global industry reference in terms of process automation & digitalization to boost our competitiveness Interiors 4.0 SURFACE ACTIVATION Integrate additional functionalities enabling a significant inc
Slide 58: Interiors 4.0 to boost competitiveness
INTERIORS POWER25 INTERIORS 4.0 TO BOOST COMPETITIVENESS Operating Margin as % of sales 7% 4.1% 2021 2025e Operating margin improvement = Digital transformation & automation in manufacturing: €100+m yearly savings by 2025 = 30% reduction in non-quality costs and customer incidents Reduction in capit
Slide 59: Surface activation to increase premium content
INTERIORS POWER25 SURFACE ACTIVATION TO INCREASE PREMIUM CONTENT Interiors sales all >€6.3bn €4.6bn eo iss Creating value through surface activation = New functions for individualized experiences: up to €250 per car = Additional content and financially accretive growth = Strong synergies with Lighti
Slide 60: Materi'act to drive sustainability and profitability
INTERIORS POWER25 MATERI'ACT TO DRIVE SUSTAINABILITY MATERI'ACT sales >€2bn €0.1bn aGril 2030e & PROFITABILITY We ACT for Sustainability Development of ultra-low CO, cutting-edge materials = Upto 85% CO, reduction versus current materials in the fields of Compounds, Foils, Carbon Fibers and Steel =
Slide 61: Interiors key takeaways
INTERIORS POWER25 KEY TAKEAWAYS DRIVE SALES GROWTH ENHANCE PROFITABILITY GENERATE STRONG CASH THROUGH INNOVATION & & LOWER BREAKEVEN CONVERSION AND ACTIVELY SUSTAINABILITY MANAGE PORTFOLIO From €4.6bn to >€6.3bn sales From 4.1% to 7% OM Manage by cash —— 2021-2025 2021-2025 = Strong growth with BEVs
Slide 62: Seating
SEATING Frank Huber, Executive Vice-President Seating FORVIA [a Inspiring mobility
Slide 63: Global innovation and sustainability leader
GLOBAL INNOVATION & SUSTAINABILITY LEADER SEAT STRUCTURE 3 SYSTEMS COMPLETE SEATS =ORVIA Inspiring mobili ity
Slide 64: Seat structure systems
SEAT STRUCTURE SYSTEMS IDEALLY POSITIONED TO STRENGTHEN GLOBAL LEADERSHIP @ Global platform generalization Global footprint of massified plants @9 Regional value pools major OEM platforms #1 worldwide 16% market share 2021 ke} New use cases & needs for EV, automated driving Green Steel ee Sustainabi
Slide 65: Comfortable and compact seat structure
COMFORTABLE & COMPACT SEAT STRUCTURE THE MOST COMPACT FRONT SEAT PLATFORM ON THE MARKET ry \ ___ Advanced comfort and fast transition for AD use cases 40 kM additional EV range High compacity for more battery space Engineered for Global vehicle platforms with standard components 1a) '____ Silent pow
Slide 66: Complete seat
COMPLETE SEAT READY TO DRIVE BUSINESS MODEL TRANSFORMATION seating experiences yw) Sustainability & circular economy s_ Vehicle-based activity with = " increased diversity lat 4 ne “il Inflation and volume volatility Advanced and customized Michigan project operational recovery on track Growing netw
Slide 67: Driving a sustainable seat future
DRIVING A SUSTAINABLE SEAT FUTURE WITH REGULAR AND MODULAR ARCHITECTURES ECTURE MODULAR _ SEAT FOR THE PLANET Sustainability & circularity SEAT FOR ME Individualization & upgradability DESIGN FREEDOM
Slide 68: Sustainable modular seat
SUSTAINABLE MODULAR SEAT A KEY ENABLER TO BECOME #1 IN SUSTAINABLE COMPLETE SEAT Regular A Modular Dedicated multilayering \ Platform architecture for each vehicle development across vehicles & brands for shorter and more cost-efficient developments 120 components 10 techno modules Seq uenced delive
Slide 69: Sustainable modular seat: strong market engagement
SUSTAINABLE MODULAR SEAT STRONG MARKET ENGAGEMENT “It is a major enabler for sustainability” Sustainable purchasing VP at “Interesting for platform upfront German premium OEM “Key differentiator with visible savings and circular business sustainability branding, model” high CO2 reduction and i ” Pur
Slide 70: Optimize mix for profitable growth
SEATING POWER25 OPTIMIZE MIX FOR PROFITABLE GROWTH Strengthening the product mix Regional rebalancing (2025) >€8bn €6.1bn Complete Seat - Seat Structures = 35% 43% 2021 2025e > +7% Pp.a. cacr CAGRoon2s +1% p.a. +3.6% p.a. +18.1% p.a. =ORVIA Inspiring mobility
Slide 71: Restore benchmark profitability
SEATING POWER25 RESTORE BENCHMARK PROFITABILITY Operating Margin as % of sales 7% 2021 Growth Growth Inflation Commercial FORVIA 2025e Seat Structures Complete Seat & operational Synergies and China incl. NA turnaround performance =ORVIA Inspiring mobility
Slide 72: Michigan project back on track
SEATING POWER25 MICHIGAN PROJECT BACK ON TRACK = Seat Structures transfer to massified plant in Mexico effective Jan. 2023 = Sustainable JIT set-up effective early 2023 =ORVIA Inspiring mobility
Slide 73: Seating key takeaways
SEATING POWER25 1IN SUSTAINABLE COMPLETE SEATS & SEAT STRUCTURE SYSTEMS Driving operational excellence toward strong cash conversion DRIVE SALES GROWTH THROUGH INNOVATION & SUSTAINABILITY From €6.lbn to > €8bn 2021-2025 Strong profitable growth in Seat Structure Systems & China Gain Complete Seat ma
Slide 74: Lighting
MAA AV, i\4 I\ J AV avavavav AV AV AW V AVA AV AV AVA I\/\/\/\/\ 4 LIGHTING Yves Andres, Member of HELLA Management Board Lighting FORVIA Inspiring mobility
Slide 75: Lighting at the core of vehicle signature and safety
LIGHTING AT THE CORE OF VEH FRONT LIGHTING CLE SIGNATURE & SAFETY REAR LIGHTING y Ee INTERIOR LIGHTING —\. @ = "SS — } Inspiring mobili
Slide 76: HELLA Lighting: technology leader
HELLA LIGHTING: TECHNOLOGY LEADER First-to-market micro- LED headlamp allowing to add new functions on demand Integration of functions, reduction of diversification, enabling further customization Digitalization of efficient FlatLight technology by integration of Smartglass display Seamless integrat
Slide 77: Well positioned in challenging market environment
WELL POSITIONED IN CHALLENGING MARKET ENVIRONMENT #1 player in electronic and software- based high-end LED solutions Among top 3 worldwide Top 5 market players representing 65% of total Lighting market 21-25 Lighting Technology leader market CAGR with high customer intimacy +6.8% p.a. and preferred
Slide 78: Rebalancing mix for profitable growth
LIGHTING POWER25 REBALANCING MIX FOR PROFITABLE GROWTH Enhancing customer portfolio Global scaling of innovations, with a strong momentum on EV (40% of order book) in China and North America > €4.3bn €3.0bn = a German OEMs. 2021 2025e pro-forma +10% p.a. cacr Asia {| 18% in 2025 2021-2025 cacR 909+1
Slide 79: We are transforming our business model
LIGHTING POWER25 WE ARE TRANSFORMING OUR BUSINESS MODEL STANDARDIZATION DRIVING MANUFACTURING NEW ECONOMICS COMPETITIVENESS Accommodate growth Less diversity = World headlamp concept enabling - 50% CAPEX & tooling cost and -10% production cost = Headlamps modules standardization A reducing variances
Slide 80: First steps to benchmark profitability
LIGHTING POWER25 FIRST STEPS TO BENCHMARK PROFITABILITY Operating Margin as % of sales >5% me 1.8% a ae 2021 Inflation dilutive Volume and Manufacturing R&D Efficiency Integration 2025e pro-forma impact product mix competitiveness synergies =ORVIA Inspiring mobility
Slide 81: Lighting Power25 key takeaways
Slide 82: Clean Mobility
Slide 83: Electrification acceleration
Slide 84: Hydrogen available at low price
Slide 85: FORVIA hydrogen solutions address mobility and distribution
Slide 86: Hydrogen solutions leader in a promising market
Slide 87: €3.5bn revenues in 2030
Slide 88: Clean Mobility ultra-low emissions
Slide 89: Mature and profitable business
Slide 90: ULE long-term leader
Slide 91: Reaching 30% market share in 2030
Slide 92: Strong focus on profitability
Slide 93: Clean Mobility key takeaways
Slide 94: Lifecycle Solutions
Slide 95: Lifecycle Solutions
Slide 96: Aftermarket - leading player in Europe with global reach
Slide 97: Special original equipment among top 3 in Europe
Slide 98: Growth driven by electrification and electronics
Slide 99: Resilient profitability
Slide 100: Diagnostics solutions: driving market transformation
Slide 101: HELLA Gutmann solutions
Slide 102: HELLA Gutmann diagnostics solutions for more efficiency
Slide 103: Lifecycle Solutions key takeaways
Slide 104: 2025 Financial Roadmap
Slide 105: Our three financial priorities
Slide 106: Key assumptions
Slide 107: Deleveraging is key
Slide 108: Selective sales growth
Slide 109: Automotive production assumptions
Slide 110: 2025 sales ambition by business group
Slide 111: 2025 sales ambition by region
Slide 112: Lower breakeven to enhance profitability
Slide 113: Variable margin protection: managing 2023 energy bill
Slide 114: Variable margin protection: managing 2023 inflation
Slide 115: Active cost-cutting to lower breakeven
Slide 116: Profitability drivers to reach >7% operating margin in 2025
Slide 117: Strong cash conversion and portfolio management
Slide 118: Accelerating net cash flow generation
Slide 119: Cash drivers to generate 4% NCF margin in 2025
Slide 120: €1bn disposal program on track
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