Preliminary Consolidated Financial Statements 2015 >

Transcription

1 Preliminary Consolidated Financial Statements 2015 > The following results and amounts are preliminary statements that have not yet been approved or adopted by the Supervisory Board.

2 Preliminary Consolidated Financial Statements Continental Corporation Continental Corporation in millions Sales 39, ,505.7 EBITDA 6, ,133.8 in % of sales EBIT 4, ,344.8 in % of sales Basic earnings 2, ,375.3 Earnings per share in Research and development expenses 2, ,137.7 in % of sales Depreciation and amortization 1 1, ,789.0 thereof impairment Operating assets as at December 31 19, ,596.1 Operating assets (average) 19, ,726.5 ROCE Capital expenditure 3 2, ,045.4 in % of sales Number of employees as at December , ,168 EBIT before amortization of intangible assets from purchase price allocation (PPA) and special effects 4, ,862.1 in % of sales Adjusted sales 5 37, ,495.8 Adjusted operating result (adjusted EBIT) 6 4, ,865.9 in % of adjusted sales Excluding impairment on financial investments. 2 Impairment also includes necessary reversal of impairment losses. 3 Capital expenditure on property, plant and equipment, and software. 4 Excluding trainees. 5 Before changes in the scope of consolidation. 6 Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects.

3 Preliminary Consolidated Financial Statements Development of Core Business Areas: Automotive Group Automotive Group in millions Sales 23, ,909.2 EBITDA 2, ,407.7 in % of sales EBIT 2, ,189.3 in % of sales Research and development expenses 2, ,835.5 in % of sales Depreciation and amortization ,218.4 thereof impairment Operating assets as at December 31 11, ,410.3 Operating assets (average) 11, ,504.0 ROCE Capital expenditure 3 1, ,125.7 in % of sales Number of employees as at December , ,711 Adjusted sales 5 23, ,909.2 Adjusted operating result (adjusted EBIT) 6 2, ,679.3 in % of adjusted sales Excluding impairment on financial investments. 2 Impairment also includes necessary reversal of impairment losses. 3 Capital expenditure on property, plant and equipment, and software. 4 Excluding trainees. 5 Before changes in the scope of consolidation. 6 Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects.

4 Preliminary Consolidated Financial Statements Development of Core Business Areas: Rubber Group Rubber Group in millions Sales 15, ,637.6 EBITDA 3, ,832.6 in % of sales EBIT 2, ,262.7 in % of sales Research and development expenses in % of sales Depreciation and amortization thereof impairment Operating assets as at December 31 8, ,288.8 Operating assets (average) 8, ,339.2 ROCE Capital expenditure in % of sales Number of employees as at December ,603 80,113 EBIT before amortization of intangible assets from purchase price allocation (PPA) and special effects 2, ,297.7 in % of sales Adjusted sales 5 14, ,627.7 Adjusted operating result (adjusted EBIT) 6 2, ,293.8 in % of adjusted sales Excluding impairment on financial investments. 2 Impairment also includes necessary reversal of impairment losses. 3 Capital expenditure on property, plant and equipment, and software. 4 Excluding trainees. 5 Before changes in the scope of consolidation. 6 Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects.

5 Preliminary Consolidated Financial Statements EBITDA EBITDA in millions in % of sales Chassis & Safety 1, , Powertrain Interior 1, Tires 2, , ContiTech Other/consolidation Continental Corporation 6, , EBIT EBIT in millions in % of sales Chassis & Safety Powertrain Interior Tires 2, , ContiTech Other/consolidation Continental Corporation 4, , Adjusted Operating Result (Adjusted EBIT) 1 Adjusted operating result (adjusted EBIT) 1 in millions in % of adjusted sales Chassis & Safety Powertrain Interior Tires 2, , ContiTech Other/consolidation Continental Corporation 4, , Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects. 2 Before changes in the scope of consolidation.

6 Preliminary Consolidated Financial Statements Key Figures per Share 1 in Basic earnings Diluted earnings Free cash flow Dividend Dividend payout ratio (%) Dividend yield (%) Total equity (book value) as at December Yearly average price-earnings ratio (P/E ratio) Share price at year-end Average share price Share price at year high Share price at year low Average XETRA trading volume per trading day (in units) 525, ,311 Number of outstanding shares, average (in millions) Number of outstanding shares as at December 31 (in millions) All market prices are quotations of the Continental share in the XETRA system of Deutsche Börse AG. 2 Subject to the approval of the Annual Shareholders Meeting on April 29, Net income attributable to the shareholders of the parent per share at the annual average share price. Consolidated Statement of Income in millions Sales 39, ,505.7 Cost of sales -29, ,839.6 Gross margin on sales 10, ,666.1 Research and development expenses -2, ,137.7 Selling and logistics expenses -2, ,840.6 Administrative expenses Other expenses and income Income from at-equity accounted investees Other income from investments Earnings before interest and taxes 4, ,344.8 Interest income Interest expense Net interest result Earnings before taxes 3, ,079.5 Income tax expense -1, Net income 2, ,457.5 Non-controlling interests Net income attributable to the shareholders of the parent 2, ,375.3 Basic earnings per share in Diluted earnings per share in

7 Preliminary Consolidated Financial Statements Consolidated Statement of Financial Position Assets in millions Dec. 31, 2015 Dec. 31, 2014 Goodwill 6, ,769.1 Other intangible assets 1, Property, plant and equipment 9, ,446.4 Investment property Investments in at-equity accounted investees Other investments Deferred tax assets 1, ,573.4 Defined benefit assets Long-term derivative instruments and interest-bearing investments Long-term other financial assets Long-term other assets Non-current assets 19, ,923.3 Inventories 3, ,987.6 Trade accounts receivable 6, ,846.2 Short-term other financial assets Short-term other assets Income tax receivables Short-term derivative instruments and interest-bearing investments Cash and cash equivalents 1, ,243.8 Assets held for sale Current assets 13, ,317.8 Total assets 32, ,241.1 Equity and liabilities in millions Dec. 31, 2015 Dec. 31, 2014 Subscribed capital Capital reserves 4, ,155.6 Retained earnings 9, ,404.3 Other comprehensive income -1, ,399.8 Equity attributable to the shareholders of the parent 12, ,672.1 Non-controlling interests Total equity 13, ,024.6 Provisions for pension liabilities and similar obligations 3, ,483.7 Deferred tax liabilities Long-term provisions for other risks and obligations Long-term indebtedness 3, ,077.4 Long-term other financial liabilities Long-term other liabilities Non-current liabilities 7, ,141.0 Trade accounts payable 5, ,861.6 Income tax payables Short-term provisions for other risks and obligations Short-term indebtedness 2, ,354.2 Short-term other financial liabilities 1, ,649.2 Short-term other liabilities 1, Liabilities held for sale Current liabilities 12, ,075.5 Total equity and liabilities 32, ,241.1

8 Preliminary Consolidated Financial Statements Consolidated Statement of Cash Flows in millions Net income 2, ,457.5 Income tax expense 1, Net interest result EBIT 4, ,344.8 Interest paid Interest received Income tax paid -1, Dividends received Depreciation, amortization, impairment and reversal of impairment losses 1, ,789.0 Income from at-equity accounted and other investments, incl. impairment and reversal of impairment losses Gains from the disposal of assets, companies and business operations Changes in inventories trade accounts receivable trade accounts payable pension and similar obligations other assets and liabilities Cash flow arising from operating activities 4, ,168.3 Cash flow from the disposal of property, plant and equipment, and intangible assets Capital expenditure on property, plant and equipment, and software -2, ,045.4 Capital expenditure on intangible assets from development projects and miscellaneous Cash flow from the disposal of companies and business operations Acquisition of companies and business operations -1, Cash flow arising from investing activities -3, ,153.4 Cash flow before financing activities (free cash flow) 1, ,014.9 Changes in short-term debt Proceeds from the issuance of long-term debt ,565.0 Principal repayments on long-term debt -2, ,604.6 Successive purchases Dividends paid Dividends paid to and cash changes from equity transactions with non-controlling interests Cash and cash equivalents arising from first consolidation of subsidiaries Cash flow arising from financing activities -3, Change in cash and cash equivalents -1, ,107.0 Cash and cash equivalents as at January 1 3, ,044.8 Effect of exchange rate changes on cash and cash equivalents Cash and cash equivalents as at December 31 1, ,243.8

9 Preliminary Consolidated Financial Statements Segment Reporting Segment report by division for 2015 in millions Chassis & Safety Powertrain Interior Tires ContiTech Other/ Consolidation Continental Corporation External sales 8, , , , , ,232.0 Intercompany sales Sales (total) 8, , , , , ,232.0 EBIT (segment result) , ,115.6 in % of sales thereof income from at-equity accounted investees Capital expenditure ,178.8 in % of sales Depreciation and amortization ,885.8 thereof impairment Internally generated intangible assets Significant non-cash expenses/income Segment assets 6, , , , , ,759.3 thereof investments in at-equity accounted investees Segment liabilities 2, , , , , ,080.8 Operating assets as at December 31 4, , , , , ,678.5 Operating assets (average) 4, , , , , ,680.7 ROCE Number of employees as at December ,062 35,364 40,462 48,955 42, ,899 Adjusted sales 5 8, , , , , ,774.7 Adjusted operating result (adjusted EBIT) , ,455.5 in % of adjusted sales Capital expenditure on property, plant and equipment, and software. 2 Excluding impairment on financial investments. 3 Impairment also includes necessary reversal of impairment losses. 4 Excluding trainees. 5 Before changes in the scope of consolidation. 6 Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects.

10 Preliminary Consolidated Financial Statements Segment report by division for 2014 in millions Chassis & Safety Powertrain Interior Tires ContiTech Other/ Consolidation Continental Corporation External sales 7, , , , , ,505.7 Intercompany sales Sales (total) 7, , , , , ,505.7 EBIT (segment result) , ,344.8 in % of sales thereof income from at-equity accounted investees Capital expenditure ,045.4 in % of sales Depreciation and amortization ,789.0 thereof impairment Internally generated intangible assets Significant non-cash expenses/income Segment assets 5, , , , , ,480.5 thereof investments in at-equity accounted investees Segment liabilities 1, , , , ,884.4 Operating assets as at December 31 4, , , , , ,596.1 Operating assets (average) 3, , , , , ,726.5 ROCE Number of employees as at December ,127 34,529 36,055 47,338 32, ,168 Adjusted sales 5 7, , , , , ,495.8 Adjusted operating result (adjusted EBIT) , ,865.9 in % of adjusted sales Capital expenditure on property, plant and equipment, and software. 2 Excluding impairment on financial investments. 3 Impairment also includes necessary reversal of impairment losses. 4 Excluding trainees. 5 Before changes in the scope of consolidation. 6 Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects.

11 Preliminary Consolidated Financial Statements Reconciliation of EBIT to Net Income in millions Chassis & Safety Powertrain Interior Tires 2, ,829.4 ContiTech Other/consolidation EBIT 4, ,344.8 Net interest expense Earnings before taxes 3, ,079.5 Income tax expense -1, Net income 2, ,457.5 Non-controlling interests Basic earnings 2, ,375.3 Basic earnings per share in Continental AG in millions Net income for the year Accumulated profits brought forward from the previous year Retained earnings 1, A dividend payment of 3.75 per share shall be proposed to the Annual Shareholders Meeting on April 29, 2016.

12 Continental Aktiengesellschaft P.O. Box 1 69, Hanover, Germany Vahrenwalder Strasse 9, Hanover, Germany Phone: , Fax: mailservice@conti.de