Schaeffler : 2021-06-22 Schaeffler Automotive Technologies – Harvesting the Mature, Growing the New Business
June 22, 2021 at 03:57 am EDT
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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.
Schaeffler AG is a Germany-based company primarily engaged in the manufacture of automotive parts. Its activities are divided into two business segments: Automotive and Industrial. The Automotive segment comprises four subdivisions: Engine Systems, such as rolling bearing solutions, products for belt and chain drives, as well as valve train components; Transmission Systems, torsion and vibration dampers, clutches and double clutch systems, torque converters, bearing solutions and gearshift components; Chassis Systems, such as wheel bearings, steering components and power-assisted steering systems; and Automotive Aftermarket, offering repair service, among others. The Industrial segment is managed based on regions: Europe, Americas, Greater China and Asia/Pacific. The Company is also active in the field of digitalization of production.