Exane BNP Paribas 17 th European CEO Conference Paris June 10, 2015

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1 17 th European CEO Conference Paris June 10, 2015 Ticker: ce CON ADR-Ticker: CTTAY Nikolai Setzer Member of the Executive Board Head of Tire Division

2 AGENDA 1 Growth Opportunities in the Automotive Group 3 2 Value Creation in the Rubber Group 15 3 Outlook 20 4 Long Term Target 22 5 Back-up: Q Results 29 EDMR Equity and Debt Markets Relations 2

3 1) Growth Opportunities in the Automotive Group Tomorrow s Car Requires High Software Content Car Driving Sub-System 1 Boeing Mars Probe "Curiosity" Comparison of lines of code (USD bn) Market for Automotive Software will increase by >60% 80 Drone 4 5 Space Shuttle Lines of code (mn) Automotive Software 6 Avionics Software 7 1 Own estimates 2 Boeing 3 and NASA 4 and Northrop 5 p _ FSWC _ Final _ Report.pdf p and NASA Source: Strategic Analytics, McKinsey, A.T. Kearny and own estimates 6 Software for electronic control units (Automated driving is not included) 7 Software for flight management systems (Inflight entertainment, seat control etc. not included) EDMR Equity and Debt Markets Relations 3

4 1) Growth Opportunities in the Automotive Group Increasing Complexity of Today s Cars In total: more than Sensors up to more than ECUs Actuators Sensor Data Link Chassis & Safety Interior Powertrain Logic/ ECU SW 1 -Modul 0101 Actuator 3 rd Party SW Software Growing complexity in all domains and additionally: ECUs interact via bus systems Functions are distributed over several ECUs Different (black-box) SW 1 -Moduls, also from 3 rd parties Vehicle system is connected to the outside world EDMR Equity and Debt Markets Relations 4

5 1) Growth Opportunities in the Automotive Group Future Trend Automated Driving EDMR Equity and Debt Markets Relations 5

6 1) Growth Opportunities in the Automotive Group Chassis & Safety ADAS (Advanced Driver Assistance Systems) E 1% 7% 26% 99% PC&LT 71 mn production worldwide 93% PC&LT 87mn production worldwide 74% PC&LT 102 mn production worldwide Installation rate ADAS Marketpotential ADAS Installation rates 82% 90% 99% 94% 99% 18% 10% 1% 6% 1% Europe NAFTA South America Asia Other Markets Installation rate in Europe expected to go up to 75% by 2019 NAFTA follows at slower pace, hitting 25% by 2019 Installation rates in Asia are estimated to growth to 14% by 2019, mainly driven by Japan Source: IHS, Strategy Analytics and own estimates; ADAS w/o parking assist functions based on ultrasonic sensors and sensing rear view cameras. EDMR Equity and Debt Markets Relations 6

7 1) Growth Opportunities in the Automotive Group Interior Driver HMI Displays (Human Machine Interface) E 74% PC&LT 71 mn production worldwide 26% 29% 71% PC&LT 87 mn production worldwide 61% PC&LT 102 mn production worldwide 39% Installation Rate Displays Market Potential Displays 1 1 Installation rate 52% 56% 91% 81% 80% 48% 44% 9% 19% 20% Europe NAFTA South America Asia Other Markets Legislation will boost sales further Head-Up Displays with smallest overall share, but 3Dnavigation will boost installation rates Clear trend towards larger and increasing number of displays per vehicle 2 Source: IHS and own estimates. 1 Driver HMI Displays include Head Up Displays, Secondary Displays and Integrated EDMR Equity and Debt Markets Relations 7 Center Stacks, excludes Multimedia Displays. 2 Market potential understated as up to five displays are feasible per vehicle.

8 1) Growth Opportunities in the Automotive Group Agreement to Acquire ElektrobitAutomotive GmbH Continental reached an agreement with Elektrobit Oyj to acquire its Automotive business, Elektrobit Automotive GmbH, including 51% stake in e.solutions (JV with Audi), for a total consideration of 600 mn With the transaction Continental significantly strengthens its electronic components, software and system competence in one of the fastest growing areas of the Auto industry Even more decisively Conti gains speed in software engineering processes as Elektrobit Automotive GmbH will add about 1,900 employees (incl. e.solutions) to the existing 11,000 Continental experts Acquisition will create significant top line synergies by 2020 thanks to software integration and additional component business Transaction will be financed from existing cash balance and credit lines Closing of the transaction subject to approval of Elektrobit s ESM in June 2015 and anti-trust trust approval; closing expected in Q Shareholders representing c. 46% of voting rights have already committed to vote for the transaction on an irrevocable basis; simple majority at Elektrobit s ESM needed in order to approve the transaction EDMR Equity and Debt Markets Relations 8

9 1) Growth Opportunities in the Automotive Group World Market Forecast 1 for Driver Assistance Systems Covered by Conti C&S and Interio or Division Portfolio Further Strengthened by Elektrobit Automotive GmbH Acquisition Selected System Blindspot (BS) Distance Warning (DW) Lane Departure Warnings (LDWS) Parking / Reversing Drowsiness Monitor E-Call Telematics Head-Up Display (HuD) System Definition 2 Covers the blindspot between coverage offered by the central rear view mirror and the door-mounted mirrors Covers all distance warning systems that form the basis of either intelligent cruise control or collision avoidance systems Warns the driver if (s)he may be unintentionally driving out of the desired lane Uses Ultrasonic and Radar Sensors as well as camera based parking aids Warns the driver that (s)he has either fallen asleep, or is in danger of doing so Automatically transmits an emergency call in case of an accident Displays most important driver information in the windshield of the vehicle EBA 3 World Market for Driver Assistance Systems (USD bn) CAGR 17% Market Acc. Strategy Analytics Products of Continental s Chassis & Safety Division Products of Continental s Interior Division 1 Source: Strategy Analytics, November System as defined by Strategy Analytics 3 Elektrobit Automotive GmbH EDMR Equity and Debt Markets Relations 9

10 1) Growth Opportunities in the Automotive Group Significant Sales Enhancement through Synergies by 2020 Software integration capabilities will be key in the coming years and will offer new sources for additional revenue: Revenues from software driven component business Integration capabilities for Multimedia and Infotainment solutions Revenues from software integration Software as a stand alone product Efficiency gains by expanding software capabilities by more than 15% Software & hardware integration e.g. camera e.g. radar e.g. laser sensoren Software driven component business Elektrobit Automotive sales Integration of MM and Infotainment solutions 1 Software integration Software as product Total 1 MM = Multimedia EDMR Equity and Debt Markets Relations 10

11 1) Growth Opportunities in the Automotive Group Powertrain Today s Vehicle Emissions vs. Regulatory Target Emissions by Vehicle Weight Emissions [g CO2/km] % in 5-6 years (127g 95g) 2015 EU Target 2020/21 EU Target , , , , , , , , , , ,000 Weight [kg] GASOLINE HYBRID DIESEL Source: as at July 09, EDMR Equity and Debt Markets Relations 11

12 1) Growth Opportunities in the Automotive Group Powertrain GDI (Gasoline Direct Injection) 97% E Gasoline engine 53 mn production ww 3% Installation rate GDI Market potential GDI 76% Gasoline engine 69 mn production ww Installation rates 24% 43% 69% 100% 85% 100% 57% 31% 0% 15% 0% 52% Gasoline engine 80 mn production ww 48% Stricter CO 2 emission targets in Europe, USA, Japan and China cause huge demand increase for gasoline direct injection GDI volume expected to grow by 130% until 2019 Europe NAFTA South America Asia Other Markets Source: IHS and own estimates. EDMR Equity and Debt Markets Relations 12

13 1) Growth Opportunities in the Automotive Group Powertrain Gasoline TC (Turbocharger) 97% 2007 Gasoline engine 53 mn production ww 3% Installation rate TC Market potential TC 83% E Gasoline engine 69 mn production ww Installation rates 17% 45% 93% 100% 89% 100% 65% Gasoline engine 80 mn production ww 35% Market for Gasoline Turbo Chargers will grow from 2 mn in 2007 to more than 27 mn in % 7% 0% 11% 0% Europe Source: IHS and own estimates. NAFTA South America Asia Other Markets World's first Turbo Charger with Aluminum Turbine Housing in Cars (water-cooled) Significant weight reduction by nearly 30% while simultaneously providing cost and system benefits EDMR Equity and Debt Markets Relations 13

14 1) Growth Opportunities in the Automotive Group Powertrain 48V Technology E 2025E 100 % EV/HEV engine 3 mn production ww 0% 72% EV/HEV engine 9 mn production ww 28% 52% EV/HEV engine 26 mn production ww 48% Installation rate 48V Market potential 48V 48-Volt Eco Drive CO 2 reduction CO2 emissio on Start-Stop and voltage regulation + Enhanced Start-Stop function + Recuperation Lower CO 2 emissions and less 1 fuel consumption up to 13% 2 with NEDC and 20% under real 5.4% driving condition 0.6% 7.0% Total CO 2 reduction: 13.0% 2 Due to advanced Start-Stop, recuperation and coasting/sailing functions First start of production (SOP) 2016/ Continental estimates. 2 Measurement with New European Driving Cycle (NEDC) compared to a VW Golf VI BlueMotion with 4 zyl. 1.2l TSI, 77 kw gasoline engine incl. Stop/Start. EDMR Equity and Debt Markets Relations 14

15 2) Value Creation in the Rubber Group Tires: A Strong Basis for Sustained Value Creation Success Factors of a Proven Business Model % 70% 70% 72% 77% 39% 44% 46% 34% 34% 38% 38% 37% 22% 2.2% 20% 2.0% 20% 2.0% 21% 2.1% 22% 2.2% Centralized R&D with multiple benefits for the worldwide tire organization Average size of PLT tire production plant in Europe >11 mn tires despite higher size mix and Kaluga 1 opening Best cost country share (worldwide) improved over the last 5 years Continuous mix improvement driven by UHP and winter tires = ROCE sustained > 35% despite capacity expansion into BRIC 1 Kaluga was opened in Nov 2013 EDMR Equity and Debt Markets Relations 15

16 2) Value Creation in the Rubber Group Winner in Summer and Winter Tire Press Tests 1 Top Position in Summer Tires Top Position in Winter Tires 100% 100% 80% 80% 60% 60% 40% 40% 20% 20% 0% % Competitor 1 Competitor 2 Competitor 3 Competitor 4 Competitor 5 Competitor 6 Competitor 7 (19/24) 2 (31/34) 2 (12/18) 2 Competitor 1 (21/26) 2 (8/13) 2 Competitor 2 (12/24) 2 (11/20) 2 Competitor 3 (15/31) 2 (11/21) 2 Competitor 4 (12/27) 2 (9/20) 2 Competitor 5 (10/32) 2 (8/18) 2 Competitor 6 (6/22) 2 (4/11) 2 Competitor 7 (0/20) 2 1 Status April Publications of UK, I, F, CZ, SWE, US 2 Percentage of highest Recommendations in Magazine Tests (absolute # highest recommendation/ # test participation ) EDMR Equity and Debt Markets Relations 16

17 2) Value Creation in the Rubber Group ContiTech and Veyance Technologies Forming a Global Player in Rubber and Plastics Technologies % 46% Non-Automotive Automotive OE Business OE Business 42,000 Increase of sales in other sectors and with end customers Better regional balance of sales About 8,500 new employees, in total more than 42,000 employees Combined sales of around 5.4 bn 1 1 Pro forma and before any disposals EDMR Equity and Debt Markets Relations 17

18 2) Value Creation in the Rubber Group ContiTech and Veyance at a Glance 2014 Pro Forma Sales ( mn) and Pro Forma Sales by EBITDA margin (%) Business Unit (in %) 5,397 4,072 CAGR 4% 1,466 Fluid Technology 36% Conveyor Belt Group 22% 1,203 3,931 Veyance 2,869 13,5% 14,1% ContiTech EBITDA margin Elastomer Coatings 2% Air Spring Systems 8% Compounding Technology 5% Vibration Control 6% Benecke- Kaliko Group 9% Power Transmission Group 12% Status: December 31, 2014 before any disposals 1 Average EUR/USD exchange rate 2014: EDMR Equity and Debt Markets Relations 18

19 2) Value Creation in the Rubber Group A Truly Global Player in Rubber and Plastics Technologies Top 10 Non-Tire Rubber Companies 2014 Sales (mn ) 6,000 5,000 4,000 Non-Tire Rubber Sales Veyance Technologies 3,000 2,000 1,000 0 ContiTech & Veyance Bridgestone Diversified Products Freudenberg (Seals and Vibration Control Tech.) Hutchinson Sumitomo Riko Trelleborg AB (excl. wheel business) Cooper Standard Pinafore (Tomkins) NOK (Seal Business) Parker-Hanifin Filtration and Engineered Systems Source: Annual Reports EDMR Equity and Debt Markets Relations 19

20 3) Outlook Market Outlook for Major Regions 2015 PC & LT 1 Production (mn units) E Commercial Vehicle 2 Prod. (k units) E ,890 1, % Europe NAFTA South America Source: IHS and own estimates Asia Europe NAFTA South America Source: IHS and own estimates Asia PC & LT Repl. 3 Tire Market (mn units) E CV Repl. 4 Tire Market (mn units) E Europe NAFTA South America Source: LMC and own estimates % 0% Asia Europe NAFTA South America Source: LMC and own estimates Asia 1 Passenger car and light truck <6t 2 Heavy vehicles >6t 3 Passenger car & light truck replacement 4 Commercial vehicle replacement (radial and biased) EDMR Equity and Debt Markets Relations 20

21 3) Outlook Continental Corporation E Consolidated sales & adj. EBIT 1 margin Automotive Group adj. EBIT 1 Rubber Group adj. EBIT 1 Raw material cost impact Special effects Net interest expense Tax rate Capex PPA Free cash flow before acquisitions 34.5 bn 11.3% 20.9 bn 1.68 bn 13.6 bn 2.31 bn Relief of about 190 mn mn 265 mn 20% 2.0 bn 194 mn 2.1 bn To increase to > 39 bn Comfortably achieve adj. EBIT 1 margin >10.5% ~ 23.5 bn Adj. EBIT 1 margin >8.5% > 15.5 bn Adj. EBIT 1 margin >15% 150 mn tailwind expected in 2015 About mn Net interest result ~ 300 mn ~30% Capex at around 6% of sales PPA ~ 125 mn At least 1.5 bn 1 Before amortization of intangibles from PPA, consolidation (2014 in comparison to 2013) and special effects EDMR Equity and Debt Markets Relations 21

22 4) Long Term Target More than 50 bn in Sales and >20% ROCE by 2020 >50,000 34,506 24,239 11, > Sales (mn ) ROCE (in %) EDMR Equity and Debt Markets Relations 22

23 Thank you! Official Sponsor of the UEFA European Football Championship p EDMR Equity and Debt Markets Relations 23

24 Disclaimer This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the presentation on the 17 th European CEO Conference on June 10, 2015, in Paris. It has not been independently verified. It does not constitute an offer, invitation or recommendation to purchase or subscribe for any shares or other securities issued by Continental AG or any subsidiary and neither shall any part of it form the basis of, or be relied upon in connection with, any contract or commitment concerning the purchase or sale of such shares or other securities whatsoever. Neither Continental Aktiengesellschaft nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss that may arise from any use of this presentation or its contents or otherwise arising in connection with this presentation. This presentation includes assumptions, estimates, forecasts and other forward-looking statements, including statements about our beliefs and expectations regarding future developments as well as their effect on the results of Continental. These statements are based on plans, estimates and projections as they are currently available to the management of Continental. Therefore, these statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Furthermore, although the management is of the opinion that these statements, and their underlying beliefs and expectations, are realistic or of the date they are made, no guarantee can be given that the expected developments and effects will actually occur. Many factors may cause the actual development to be materially different from the expectations expressed here. Such factors include, for example and without limitation, changes in general economic and business conditions, fluctuations ti in currency exchange rates or interest trates, the introduction ti of competing products, the lack of acceptance for new products or services and changes in business strategy. All statements with regard to markets or market position(s) of Continental or any of its competitors are estimates of Continental based on data available to Continental. Such data are neither comprehensive nor independently verified. Consequently, the data used are not adequate for and the statements based on such data are not meant to be, an accurate or proper definition of regional and/or product markets or market shares of Continental and any of the participants in any market. Unless otherwise stated, all amounts are shown in millions of euro. Please note that differences may arise as a result of the use of rounded amounts and percentages. EDMR Equity and Debt Markets Relations 24

25 Contact Equity and Debt Markets Relations Vahrenwalder Str. 9 Klaus Paesler Hanover Phone: Germany Rolf Woller Sabine Reese Phone: Phone: Ingrid Kampf Michael Saemann Phone: Phone: Fax: t i Henry Schniewind i Phone: EDMR Equity and Debt Markets Relations 25

26 Continental Financial Calendar 2015 Annual Financial Press Conference March 5, 2015 Annual Shareholders Meeting (incl. key data for Q1 2015) April 30, 2015 Q1 Financial Report May 7, 2015 Half Year Financial i Report August 4, 2015 Nine Month Financial Report November 9, Preliminary figures for the fiscal year 2015 January 2016 Annual Financial Press Conference March 2016 Annual Shareholders Meeting (incl. key data for Q1 2016) April 29, 2016 Q1 Financial Report May 2016 Half Year Financial Report August 2016 Nine Month Financial Report November 2016 EDMR Equity and Debt Markets Relations 26

27 Continental Share Data / ADR Data Share Data Type of share Bloomberg Ticker Reuters Ticker No-par value share CON CONG German Security Identification Number (WKN) ISIN Number DE Shares outstanding as at March 31, ,005,983 ADR Data Ratio (ordinary share: ADR) 1:5 Bloomberg Ticker Reuters Ticker ISIN Number CTTAY CTTAY.PK ADR Level Level 1 Exchange Sponsor US OTC Deutsche Bank Trust Company Americas EDMR Equity and Debt Markets Relations 27

28 Continental Bond Data Issuer Conti-Gummi Finance B.V., Netherlands 1 Continental AG Continental Rubber of America, Corp., USA 1 Continental AG Issue Senior Notes Senior Notes Senior Notes Senior Notes Principal amount 750 mn 750 mn $950 mn 750 mn Offering price % % % % Rating at issuance date Ba1 (Moody s 4 ) Ba2 (Moody s 4 ) Ba3 (Moody s 4 ) Ba1 (Moody s 4 ) BB (S&P) BB (S&P) BB- (S&P) BB (S&P) BBB (Fitch 2 ) BB (Fitch 2 ) BB (Fitch 2 ) BBB (Fitch 2 ) Current corporation and bond rating 3 BBB (Fitch), BBB (S&P), Baa3 (Moody s 4 ) Coupon 2.5% p.a. 3.0% p.a. 4.5% p.a % p.a. Issue date Sept. 19, 2013 Jul. 16, 2013 Sept. 24, 2012 Sept. 9, 2013 Maturity Mar. 20, 2017 Jul. 16, 2018 Sept. 15, 2019 Sept. 9, 2020 Start of period for early redemption (60-90 days prior notice) Sept. 15, Interest payment Annual Mar. 20 Semi annual Jan. 16/Jul. 16 Semi annual Mar. 15/Sept. 15 Annual Sept. 9 WKN A1VC6B A1X24V A1G9JJ A1X3B7 ISIN XS XS DE000A1G9JJ0 XS Denomination 1,000 with min. tradable 1,000 with min. tradable $1,000 with min. tradable 1,000 with min. tradable amount 1,000 amount 1,000 amount $150,000 amount 1, Guaranteed by Continental AG only since April 24, 2014 Non-contracted rating at date of issuance Fitch since Jul. 15, 2013; S&P since Dec. 6, 2013; Moodyʼs since Sept. 19, 2013 Non-contracted rating since Feb. 1, 2014 EDMR Equity and Debt Markets Relations 28

29 Back-up EDMR Equity and Debt Markets Relations 29

30 Q Results Hanover May 7, 2015 Ticker: ce CON ADR-Ticker: CTTAY

31 AGENDA 1 Corporation Highlights 32 2 Automotive Group 39 3 Rubber Group 41 4 Indebtedness and Cash Flow 46 5 Outlook Back-up Q & Fact Sheets EDMR Equity and Debt Markets Relations 31

32 1) Corporation Highlights Most Important KPIs Q Sales up by 14% to 9.6 bn; organic sales growth in Q at 3% Adj. EBIT 1 up by 10% to 1.05 bn; adj. EBIT 1 margin at 11.4% (PPA and special effects - 32 mn) NIAT 2 up by 12% to 657 mn Free cash flow amounted to mn including 589mn cash out for acquisitions (mainly Veyance); free cash flow before acquisitions amounted to 318 mn Net indebtedness up to 4.1 bn; gearing ratio at 34%; equity ratio at 36% Value creation: trailing ROCE 3 down by 50 bps to 19.5% mainly due to first time consolidation of Veyance Technologies Other topics: Successful extension of revolving credit facility until April 2020 Adj. EBIT 1 margin in Powertrain at 8.1% before losses in HEV unit Veyance Technologies contributed t 224 mn to sales and - 62 mn to EBIT in Q Before amortization of intangibles from PPA, consolidation and special effects 2 Attributable to the shareholders of the parent 3 Trailing ROCE is calculated as reported EBIT for the last twelve months (LTM) divided by average operating assets (AOA) for the LTM EDMR Equity and Debt Markets Relations 32

33 1) Corporation Highlights Divisional Highlights Q Autom motive Gro oup Rub bber Gro oup Chassis & Safety: 10.1% adj. EBIT 1 margin (PY: 9.5%); organic sales up by 5%; product sales in ADAS increased by 46%; operating leverage 2 at 14% in Q Powertrain: 5.8% adj. EBIT 1 margin (PY: 5.3%); organic sales increased by 4%; adj. EBIT 1 margin before HEV was at 8.1% in Q Interior: 9.7% adj. EBIT 1 margin (PY 9.6%); organic sales increased by 8%; adj. EBIT 1 margin increased despite an increase in R&D expenses of 24% in Q Automotive Group: Organic sales increased by 6%, outgrowing worldwide car production by 5%-points; adj. EBIT 1 margin increased by 40 bps to 8.7%; operating leverage 2 at 11%; R&D expenses increased by 19% in Q Tires: Adj. EBIT 1 margin sustained at high level of 19.2% (PY 19.1%), benefitting from lower raw material costs (Q1 2015: ~ 70 mn), strict cost management and solid price mix (-2% in Q1 2015); volumes in line with market development (down by 1%) in Q1 2015; FX did impact sales in Q with +6% Tire markets: PC & LT tire replacement demand still soft in Europe (-1% in Q1 2015) and impacted by the introduction of import duties in NAFTA where unit sales decreased by 6% in Q ContiTech: Adj. EBIT 1 margin down by 30 bps to 11.6%; organic sales up by 2%; Veyance Technologies contributed 224 mn to sales and - 62 mn to EBIT in Q Rubber Group: Organic sales down by 1%; adj. EBIT 1 margin stayed at 17.0% (PY: 17.0%) 1 Before amortization of intangibles from PPA, consolidation and special effects 2 Operating leverage is defined as delta adj. EBIT 1 divided by delta sales EDMR Equity and Debt Markets Relations 33

34 1) Corporation Highlights Sales and Adjusted EBIT 1 by Quarter FY Sales 33,331 mn FY Sales 34,506 mn Q1 Sales 9,569 mn Adj. EBIT 1 1,054 mn 9,569 8,033 8,541 8,350 8,407 8, ,918 8,528 8,670 1,054 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 1 Before amortization of intangibles from PPA, consolidation and special effects Sales (mn ) Adj. EBIT (mn ) 1 EDMR Equity and Debt Markets Relations 34

35 1) Corporation Highlights Automotive Group and Rubber Group by Quarter Automotive Group Rubber Group Sales (mn ) Adj. EBIT (mn ) 1 1 Sales (mn ) Adj. EBIT (mn ) 4,911 5,160 4,945 5,000 5,129 5,176 5,162 5,442 5,912 3,132 3,392 3,415 3,417 3,271 3,362 3,518 3,487 3, Q1/13 Q2/13 Q3/133 Q4/13 Q1/14 Q2/14 Q3/14 Q4/144 Q1/15 Q2/15 Q3/15 Q4/15 Q1/1 Q2/1 Q3/1 Q4/1 Q1/1 Q2/1 Q3/1 Q4/1 Q1/1 Q2/1 Q3/1 Q4/ Before amortization of intangibles from PPA, consolidation and special effects EDMR Equity and Debt Markets Relations 35

36 1) Corporation Highlights Growth Profile of the Corporation Q Conti Automotive Group organic sales growth PC & LT prod. growth ww 1% 6% Con nti M ContiTech organic sales growth PC & LT prod. growth Europe 2% 1% Co nti M PC & LT prod. growth EU/NAFTA 1% arket GDP growth 1 Eurozone % arket 1 According to IMF (WEO Update April 2015) Passenger & Light Truck Tires volume growth Replacement tire volume growth Europe Replacement tire volume growth NAFTA -6% -1% -1% Con ti Ma arket Commercial Vehicle Tires volume growth Replacement tire volume growth Europe Replacement tire volume growth NAFTA -7% -3% 3% Con ti Ma arket EDMR Equity and Debt Markets Relations 36

37 1) Corporation Highlights Sustainable Value Creation 18.5% 18.6% 19.4% 19.4% 20.6% 20.8% 19.3% 20.0% 19.5% 17 7, , , , , , , , ,510 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q trailing OA (mn ) trailing ROCE (%) 1 Trailing operating assets are calculated as assets for the last twelve months (LTM) Trailing ROCE is calculated as reported EBIT for the last twelve months (LTM) divided by trailing operating assets EDMR Equity and Debt Markets Relations 37

38 1) Corporation Highlights Maturities for Syndicated Loan and Bonds 1 (mn ) As at March 31, 2015 (mn ) FY 14 Q1 15 Gross indebtedness 6,432 6,926 Syndicated Loan Bonds Cash 3,244 2,372 Net indebtedness 2,824 4,099 Available credit lines 4,032 4,289 Total liquidity idit 7,276 6, , All amounts shown are nominal values Any utilization under the Revolving Credit Facility (RCF) has to be shown as short term debt according to IFRS although the RCF matures in 2019 and has a total volume of 3,000 mn; extension of revolving credit facility until April 2020 was negotiated in April 2015 Nominal amount US-$950 mn (exchange rate as at March 31, 2015: ) not reflecting the possibility of an early redemption EDMR Equity and Debt Markets Relations 38

39 2) Automotive Group Adj. EBIT 1 Margin up by 40 bps Automotive Group Sales (mn ) Q Automotive Group Adj. EBIT 1 (mn ) Q ,136 1, % 1, % , % % % 8.7% 54% 5.4% Organic sales growth (%) 10.1% 1 Adj. EBIT margin (%) Chassis Powertrain Interior cons. Automotive & Safety Group Reported change in sales Chassis & Safety: 13.7% Powertrain: 15.7% Interior: 16.2% Automotive Group: 15.3% Chassis & Safety Powertrain Interior cons. Automotive Group Reported EBITDA: 727 mn (12.3% of sales) Reported EBIT: 503 mn (8.5% of sales) R&D: 557 mn (9.4% of sales) Capex: 205 mn (3.5% of sales) 1 Before amortization of intangibles from PPA, consolidation and special effects EDMR Equity and Debt Markets Relations 39

40 2) Automotive Group Q1 2015: Benefitting from Solid Organic Growth Automotive Group Sales (mn ) 5,129 5,176 5,162 5,442 5,912 Adj. EBIT 1 (mn ) and Adj. EBIT 1 Margin % 8.7% Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Sales increased by 783 mn in Q1 2015; organic sales growth in Q at 5.7% Adj. EBIT 1 increased by 83 mn Adj. EBIT 1 margin at 8.7% (PY: 8.3%) Operating leverage 2 was impacted by FX and came in at 11% 1 Before amortization of intangibles from PPA, consolidation and special effects 2 Operating leverage is defined as delta adj. EBIT 1 divided by delta sales EDMR Equity and Debt Markets Relations 40

41 3) Rubber Group Profitability Sustained at Elevated Level Rubber Group Sales (mn ) Q Rubber Group Adj. EBIT 1 (mn ) Q , , % -1.2% % 17.0% 1, % 120 Organic sales growth (%) 11.6% 1 Adj. EBIT margin (%) ContiTech Tires cons. Rubber Group Reported change in sales ContiTech: 30.3% Tires: 4.4% Rubber Group: 12.2% ContiTech Tires cons. Rubber Group Reported EBITDA: 709 mn (19.3% of sales) Reported EBIT: 509 mn (13.9% of sales) R&D: 86 mn (2.3% of sales) Capex: 152 mn (4.1% of sales) 1 Before amortization of intangibles from PPA, consolidation and special effects EDMR Equity and Debt Markets Relations 41

42 3) Rubber Group Adjusted EBIT 1 Margin Impacted by Consolidation of Veyance Rubber Group Sales (mn ) 3,271 3,362 3,518 3,487 3,669 Adj. EBIT 1 (mn ) and Adj. EBIT 1 Margin % 17.0% Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Sales increased by 398 mn in Q primarily as a result of consolidation effects (Veyance Technologies contributed 224 mn to sales) Tire volumes decreased by 1% during the quarter mainly due to weak replacement markets in Europe; FX had a positive effect of more than 5% on tire sales in Q while P/M was slightly negative Sales at ContiTech without Veyance amounted to 1,044 mn and EBIT to 117 mn Adj. EBIT 1 up by 22 mn in Q Before amortization of intangibles from PPA, consolidation and special effects EDMR Equity and Debt Markets Relations 42

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