Schaeffler Automotive Technologies - Harvesting the Mature, Growing the New Business

J.P. Morgan European Automotive Conference

Matthias Zink

CEO Automotive Technologies

June 22, 2021

Agenda

1 Where we stand

2 Where we play

3 How we win

4 How we create value

June 22, 2021 Schaeffler Automotive Technologies | J.P. Morgan European Automotive Conference

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1 Where we stand

June 22, 2021 Schaeffler Automotive Technologies | J.P. Morgan European Automotive Conference

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1 Where we stand

Automotive Technologies - Driving the transition to innovative Propulsion and Chassis Technologies

Adjusted

Comparative

Figures 2020

Electric and Hybrid

Engine Components

Propulsion

and Systems

13% of sales2 in 2020

26% of sales in 2020

Transmission

Chassis Applications

Components and

Systems

45% of sales in 2020

16% of sales in 2020

Europe

Greater China

37% of sales in 2020

26% of sales in 2020

Americas

Asia / Pacific

22% of sales in 2020

15% of sales in 2020

Revenue

in EUR mn

9,044

7,816

2019

2020

EBIT1

in EUR mn

496

263

2019

2020

EBIT

5.5%

3.4%

margin1

1

Before special items

June 22, 2021 Schaeffler Automotive Technologies | J.P. Morgan European Automotive Conference

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Including Chassis Mechatronics Systems, Fuel Cell & Thermal Management Systems 4

1 Where we stand

Automotive Technologies - Q1 2021 Exceptional growth in China, strong mature business delivering double-digit EBIT margin2

Sales by business division | yoy growth

Q1 2020

Q1 2021

1

E-Mobility

243

305

+26.5%

Engine Systems

529

593

+14.5%

Transmission Systems

902

1,034

+18.5%

Chassis Systems

333

349

+7.0%

Total

2,008

2,281

+15.8%

Key aspects

  • Strong sales performance driven by market recovery in China; Outperformance of 180 bps impacted by base effect in China; continued above-market growth in Americas
  • BD E-Mobility with highest growth rate (+26.5%1), but also Mature Business a strong growth driver in Q1
  • Strong result driven by market recovery, scale effects and structural cost savings while commodity price increases did not yet materially impact Q1

Outperformance: Sales1 vs. market development in Q1

+1.8pp

+4.5pp

+8.8pp

-2.2pp

+10.5pp

76.5% 74.3%

14.0% 15.8%

3.4%

6.0%

3.1% 13.6%

-1.1%

-2.8%

World

Europe

Americas

Greater China

Asia/Pacific

EBIT2

in EUR mn

+8.5pp

246

47

Q1 2020

Q1 2021

FY 20

+4.5pp

+0.9pp

+8.0pp

+10.3pp

+6.5pp

Production of light vehicles Q1 2021 vs. Q1 2020 (IHS Markit, April 2021) Sales growth Schaeffler Automotive Technologies Q1 2021 vs. Q1 2020

EBIT margin2

2.3%

10.8%

1 FX-adjusted | 2 Before special items

June 22, 2021 Schaeffler Automotive Technologies | J.P. Morgan European Automotive Conference

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Schaeffler AG published this content on 22 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2021 07:56:03 UTC.