Hella Gmbh & Co. Kgaa · XETR:HLE
Hella Gmbh & Co. Kgaa — Q1 FY2025 Earnings Presentation
25 slides from Hella Gmbh & Co. Kgaa's earnings presentation, May 8, 2025
Slide 1: HELLA Q1 2025 Results
HELLA Q1 2025 RESULTS January 1, 2025 – March 31, 2025 May 8, 2025
Slide 2: Agenda
01 Achievements 02 Financial Results AGENDA 03 Outlook 04 Key Takeaways P.2 | HELLA Q1 FY 2025 | Conference Call, May 08, 2025
Slide 3: Achievements
01 ACHIEVEMENTS HELLA Q1 FY 2025 Results P.3 | HELLA Q1 FY 2025 | Conference Call, May 08, 2025
Slide 4: HELLA sales and profitability largely at PY level – cost saving measures supported margin
HELLA SALES AND PROFITABILITY LARGELY AT PY LEVEL – COST SAVING MEASURES SUPPORTED MARGIN ORGANIC SALES SLIGHTLY DOWN BY 0.8%, OPERATING INCOME MARGIN WITH 5.5% GROWTH IN ELECTRONICS AROUND PY LEVEL › Group reported sales -0.3% to €1,997m › Lower Gross Profit margin due to Electronics, Lighting and
Slide 5: Strong order intake especially in Electronics – continuous demand for core technologies
STRONG ORDER INTAKE ESPECIALLY IN ELECTRONICS – CONTINUOUS DEMAND FOR CORE TECHNOLOGIES Lighting with further nominations from Chinese manufacturers ▪ CBL package for Chinese OEM for premium car models, SOP 2026 HIGHLIGHTS ▪ Different headlamp packages for premium Chinese OEM for several car models,
Slide 6: Announcements of structural measures in the first months of FY 2025
ANNOUNCEMENTS OF STRUCTURAL MEASURES IN THE FIRST MONTHS OF FY 2025 CLOSURE IN THE GERMAN STRUCTURAL START OF VOLUNTARY R&D NETWORK OF ADJUSTMENTS IN SEVERANCE PROGRAM IN ELECTRONICS LIFECYCLE SOLUTIONS LIPPSTADT ❯ Announcement on January 16th, ❯ Announcement on April 10th, to ❯ Announcement on Febr
Slide 7: Reinforced cost saving measures and tariff mitigation actions to improve performance and reduce risks
REINFORCED COST SAVING MEASURES AND TARIFF MITIGATION ACTIONS TO IMPROVE PERFORMANCE AND REDUCE RISKS ACCELERATION OF MEASURES TARIFF MITITGATION ACTIONS ❯ Competitiveness program in Europe ❯ Establishment of cross-functional task accelerated forces directly after US elections ❯ Structural and perfo
Slide 8: Financial Results
02 FINANCIAL RESULTS HELLA Q1 FY 2025 P.8 | HELLA Q1 FY 2025 | Conference Call, May 08, 2025
Slide 9: HELLA sales broadly stable – high growth in the Electronics business
HELLA SALES BROADLY STABLE – HIGH GROWTH IN THE ELECTRONICS BUSINESS › Organic sales Q1 FY 2025 down 0.8%*, FX positive at 0.6% (€12m) in the first 3 months › Reported sales Q1 FY 2025 -0.3%YoY • Global LVP up by 1.3% driven by very strong Chinese market (+11.5%) • Successful business development in
Slide 10: Lighting with declining sales – profitability supported by fixed cost reduction
LIGHTING WITH DECLINING SALES – PROFITABILITY SUPPORTED BY FIXED COST REDUCTION LIGHTING Growth impaired by the end of series production In €m Q1 FY 2024 Q1 FY 2025 External Sales (€m) 988 932 › Series start-ups and ramp-up of existing series production for vs. LVP headlamps and rear combination lam
Slide 11: Electronics with strong sales development – profitability impacted by negative GPM development
ELECTRONICS WITH STRONG SALES DEVELOPMENT – PROFITABILITY IMPACTED BY NEGATIVE GPM DEVELOPMENT ELECTRONICS Positive sales growth with start- and ramp-ups of several series projects In €m Q1 FY 2024 Q1 FY 2025 External Sales 738 804 › Successful radar business drives growth in Americas, growth also v
Slide 12: Lifecycle Solutions impacted by decline in commercial vehicle business
LIFECYCLE SOLUTIONS IMPACTED BY DECLINE IN COMMERCIAL VEHICLE BUSINESS LIFECYCLE SOLUTIONS Negative sales development with decline in commercial vehicle business In €m Q1 FY 2024 Q1 FY 2025 External Sales 275 251 › Very low demand of customers in the commercial vehicle business esp. Agriculture, Tra
Slide 13: Significant market outperformance in Europe and Americas – sales in APAC down with expiring projects
SIGNIFICANT MARKET OUTPERFORMANCE IN EUROPE AND AMERICAS – SALES IN APAC DOWN WITH EXPIRING PROJECTS EUROPE AMERICAS ASIA/ PACIFIC › Global LVP up 1.3%, growth driven by China (+11.5%) INCL. ROW › HELLA Group organic sales growth at -0.8%, underperforming by approx. 160bps 59 % of group sales 21 % o
Slide 14: Sales and profitability at prior year levels – accelerated cost saving measures on track
SALES AND PROFITABILITY AT PRIOR YEAR LEVELS – ACCELERATED COST SAVING MEASURES ON TRACK In €m Q1 FY 2024 Q1 FY 2025 YoY Change Gross Profit Margin down by 45bps Sales 2,002 1,997 - 0.3% › Lower GPM in Electronics weighs on group margin, COGS (1,527) (1532) + 0.3% Lighting and Lifecyle Solutions sho
Slide 15: Improvement of net cash flow excluding factoring YoY
EXCLUDING FACTORING, IMPROVEMENT OF NET CASH FLOW YOY NET CASH FLOW NCF decreased by €10m to €-61m, YoY in €m and % of sales improvement when factoring is excluded › Smaller contribution from factoring increase (€14m in Q1 FY 2025 vs. €48m in Q1 FY 2024) › Higher Operating Cash Flow -51 -10 -61 › Sm
Slide 16: Outlook
03 OUTLOOK HELLA Q1 FY 2025 P.16 | HELLA Q1 FY 2025 | Conference Call, May 08, 2025
Slide 17: Market expected to decline by 1.7% after sharp cut of S&P estimates
MARKET EXPECTED TO DECLINE BY 1.7% AFTER SHARP CUT OF S&P ESTIMATES, AMERICAS & EUROPE UNDER PRESSURE Expected global light vehicle production Expected light vehicle production per region, in million units, S&P Global Mobility per April 2025 S&P Global Mobility per April 2025 -1.7% 89.5 87.9 2024 20
Slide 18: HELLA confirms FY 2025 outlook
HELLA CONFIRMS FY 2025 OUTLOOK Company Outlook Jan 1, 2025, to Dec 31, 2025 The Company outlook takes into account the market volume of 87.9 million units currently expected by S&P Global Sales Between around €7.6 to 8.0 billion Currency and portfolio adjusted Operating Income Between around 5.3% to
Slide 19: Key Takeaways
04 KEY TAKEAWAYS HELLA Q1 FY 2025 P.19 | HELLA Q1 FY 2025 | Conference Call, May 08, 2025
Slide 20: Key Takeaways
KEY TAKEAWAYS Overall solid start Measures to safeguard Tariff mitigation Outlook FY 2025 into FY 2025 profitability reinforced initiatives initiated confirmed › Sales and profitability › Tight established cost › Establishment of cross- › HELLA outlook FY largely at PY level management reinforced fu
Slide 21: Appendices
APPENDICES P.21 | HELLA Q1 FY 2025 | Conference Call, May 08, 2025
Slide 22: LVP production and group sales per region
LVP PRODUCTION AND GROUP SALES PER REGION Q1 FY 2024 Q1 FY 2025 HELLA Group sales Worldwide 2,002 1,997 in €m 1,157 1,177 Europe +1.7% 388 420 Americas +8.1% 457 401 Asia/Pacific & Rest of World -12.3% Light vehicle production Worldwide 21,433 21,721 in 1.000 units 4,610 4,302 Europe -6.7% 4,592 4,4
Slide 23: Upcoming events
UPCOMING EVENTS May 16, 2025 • AGM July 25, 2025 • H1 FY 2025 November 11, 2025 • Q3 FY 2025 P.23 | HELLA Q1 FY 2025 | Conference Call, May 08, 2025
Slide 24: 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 25: -ORVIA
-ORVIA (HELLA = —
HELLA GmbH & Co. KGaA — Q1 FY2025 Earnings Presentation on 6ix