Continental : Annual Report -

Creating Value.

For a Better Tomorrow.

2022 Annual Report

Continental Group 2022

• Sales at €39.4 billion
• Adjusted EBIT margin at 5.0%
• Equity ratio at 36.2%

Continental successfully completed the spin-off of Vitesco Technologies on September 15, 2021, which resulted in the application of IFRS 5, Non-currentAssets Held for Sale and Discontinued Operations, in the comparative period. Vitesco Technologies is reported as discontinued operations in the comparative period.

Key Figures

The following table generally shows the figures for continuing operations in the reporting and comparative periods, with free cash flow (continuing and discontinued operations), net income attributable to the shareholders of the parent and earnings per share referring to continuing and discontinued operations in the comparative period.

€ millions	2022	2021	∆ in %
Sales	39,408.9	33,765.2	16.7
EBITDA	3,966.0	4,104.2	-3.4
in % of sales	10.1	12.2
EBIT	754.8	1,845.8	-59.1
in % of sales	1.9	5.5
Net income attributable to the shareholders of the parent1	66.6	1,435.2	-95.4
Basic earnings per share in €1	0.33	7.18	-95.4
Diluted earnings per share in €1	0.33	7.18	-95.4
Adjusted sales2	39,265.6	33,606.3	16.8
Adjusted operating result (adjusted EBIT)3	1,950.7	1,854.7	5.2
in % of adjusted sales	5.0	5.5
Free cash flow (continuing operations)	90.6	1,070.3	-91.5
Free cash flow (continuing and discontinued operations)	90.6	1,372.4	-93.4
Net indebtedness	4,499.4	3,765.5	19.5
Gearing ratio in %1	32.8	29.7
Total equity1	13,735.0	12,668.5	8.4
Equity ratio in %1	36.2	35.5
Number of employees as at December 314	199,038	190,875	4.3
Dividend per share in €	1.505	2.20
Share price at year end6 in €	55.98	93.11	-39.9
Share price at year high6 in €	99.80	118.53
Share price at year low6 in €	44.31	87.53

1 In the year under review, the Continental Group changed the methodology used for the recognition of uncertain tax positions. The comparative period has been adjusted accordingly. For more information, see Note 2 (General Information and Accounting Principles) of the notes to the consolidated financial statements.

2 Before changes in the scope of consolidation.

3 Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects.

4 Excluding trainees.

5 Subject to the approval of the Annual Shareholders' Meeting on April 27, 2023.

6 All market prices are quotations of the Continental share in the Xetra system of Deutsche Börse AG. In order to improve comparability, figures prior to September 16, 2021, have been adjusted to account for the effect from the spin-off of Vitesco Technologies. Data source: Bloomberg.

Overview of the Continental Group

and 2022 Key Figures

Structure of the Continental Group in 2022

Continental Group

Sales: €39.4 billion; Employees: 199,038

Automotive	Tires	ContiTech	Contract Manufacturing
Sales: €18.3 billion	Sales: €14.0 billion	Sales: €6.6 billion	Sales: €0.7 billion
Employees : 97,575	Employees : 56,987	Employees : 41,798	Employees : 2,192

As part of the new organizational structure in place since January 1, 2022, the Continental Group is divided into the group sectors Auto- motive, Tires, ContiTech and Contract Manufacturing. All key figures for the group sectors reflect this over the entire reporting period and are adjusted accordingly for the comparative period.

Key figures for the group sectors

		Automotive			Tires			ContiTech		Contract Manufacturing
€ millions	2022	2021	∆ in %	2022	2021	∆ in %	2022	2021	∆ in %	2022	2021	∆ in %
Sales	18,321.6	15,357.4	19.3	14,005.2	11,807.6	18.6	6,594.3	5,912.6	11.5	665.6	889.6	-25.2
EBITDA	962.5	666.8	44.3	2,644.7	2,525.9	4.7	486.4	833.7	-41.7	44.7	194.2	-77.0
in % of sales	5.3	4.3		18.9	21.4		7.4	14.1		6.7	21.8
EBIT	-970.1	-374.6	-159.0	1,723.6	1,700.6	1.4	166.5	514.7	-67.7	9.5	130.4	-92.7
in % of sales	-5.3	-2.4		12.3	14.4		2.5	8.7		1.4	14.7
Adjusted sales1	18,219.6	15,357.4	18.6	14,005.2	11,807.6	18.6	6,553.0	5,753.7	13.9	665.6	889.6	-25.2
Adjusted operating
result (adjusted EBIT)2	-30.1	-215.2	86.0	1,841.6	1,729.2	6.5	308.1	429.3	-28.2	2.9	104.0	-97.2
in % of adjusted
sales	-0.2	-1.4		13.1	14.6		4.7	7.5		0.4	11.7

1 Before changes in the scope of consolidation.

2 Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects.

"Continental is strong. Even in challenging times, we strive with our products and ­solutions to make the world a little better - shaping tomorrow's mobility today."

Nikolai Setzer

Chairman of the Executive Board

Find out more in our online magazine:

mag.continental.com

Contents

C2	23
To Our Shareholders	Management Report

Key Figures for the Continental Group	C2
Overview of the Continental Group
and Key Figures	C3
Chairman's Letter	4
Members of the Executive Board	6
Continental Shares and Bonds	7
Corporate Governance	10
Report of the Supervisory Board	10
Corporate Governance Statement Pursuant
to Sections 289f and 315d of the German
Commercial Code (Handelsgesetzbuch - HGB)	15

Glossary of Financial Terms	24
Corporate Profile	26
Structure of the Continental Group	26
Strategy of the Continental Group	29
Corporate Management	32
Research and Development	35
Sustainability and Combined
Non-Financial Statement	37
Information on Reporting	37
Sustainability Management in the
Continental Group	37
Development of Material Topic Areas	39
Information in Accordance with the
EU Taxonomy Regulation	46
Information on the Development of Other
Sustainability Topic Areas	53

Economic Report	54
General Conditions	54
Macroeconomic Development	54
Development of Key Customer Sectors
and Sales Regions	54
Development of Raw Materials Markets	55
Earnings, Financial and Net Assets Position	57
Earnings Position	58
Financial Position	66
Net Assets Position	68
Development of the Group Sectors	72
Automotive	72
Tires	75
ContiTech	77
Contract Manufacturing	79
Overall Statement on the
Business Performance and Position
of the Continental Group	81