Continental : Q1 Presentation May 2022

Agenda

• 1Current Situation

• 2Business Highlights

• 3Group Highlights

• 4Automotive

• 5Tires

• 6ContiTech

• 7Cash Flow

• 82022 Outlook

• Back-up and Fact Sheets 2021 - Q1 2022

1 | Current Situation

Focus Remains on Performance Improvement Despite Additional Challenges

Review Q1 2022

Group › (+) Uncertainties in demand due to the war in Eastern Europe persist, however sales mostly unchanged › (-) COVID-19 related lockdowns in China added challenges to the overall supply and logistics situation

Automotive

• › (-) Inflation headwinds had material influence on margins

• › (+) Customer negotiations to cover cost inflation in progress; first agreements achieved

• › (+) Actively securing semiconductor supplies for 2023 and beyond

• › (+) Order intake of more than €5.8 bn

Tires › (+) Strong margin, supported also by inventory valuation › (-) Further cost increases for raw materials, energy and logistics ContiTech › (+) Positive EBIT-contributions from pricing activities for non-OE business › (-) Further cost increases for raw materials, energy and logistics

Priorities FY 2022

Operational topics

• › Increase performance with efficiency programs and strengthen focus on cost reduction measures

• › Actively manage portfolio in line with our growth and value strategy

• › Control order intake strictly for profitability optimization

• › Implement sustainable pricing to mitigate broad inflationary headwinds

• › Manage sourcing and logistics challenges to cope with the war in Eastern Europe and COVID-19 lockdowns in China

• › Strategically manage semiconductor-related constraints

Our employees › Top priority remains the health and safety of our people › Attract and maintain talents within the organization

2 | Business Highlights

Sustainability at Tires

ContiRe.Tex Technology successfully launched

Tires is leading in water and energy efficiency

Top ratings for energy efficiency and wet grip performance

Expansion of circular economy activities

• › Jointly developed technology

• › Production readiness in record time

  › Energy consumption 17% lower and water usage 20% lower compared to all competitors

  • › Original equipment tire with a significantly improved rolling resistance

    • › Recycling of end-of-life tires through pyrolysis further optimized and expanded

• › First tire manufacturer to launch volume production of tires containing recycled polyester yarn obtained from PET plastic bottles

  • › Energy efficiency classification exceeds EU tire label rating A by ~ 17%

    • › Development agreement with Pyrum Innovations

  • › EU tire label "A" rating for wet braking performance.

    • › Medium-term aim: obtain particularly high-quality recovered carbon black

• › 40 recycled PET bottles in a set of standard passenger car tires

• › Remarkable since reduction of rolling resistance and exceptionally high braking performance are conflicting physical targets

• › Long-term goal: closed-loop recycling concept for end-of-life tires

3 | Group Highlights

Most Important KPIs for Q1 2022

Q1 2021

Q1 2022

Change

Comments

Sales

€8.6 bn

€9.3 bn

+8.2%

Organic growth +5.3%; FX €266 mn

Adjusted EBIT1 Adjusted EBIT1 margin PPA2

Special effects

Carve-out effects Restructuring Impairments Other effects

€728 mn

8.5%

-€40 mn

-€35 mn

-€10 mn

-€2 mn

€0 mn

-€23 mn

€439 mn

4.7%

-€39 mn

-€17 mn -

€8 mn

-€1 mn

-€24 mn

-€290 mn -380 bps

NIAT3

€448 mn4

€245 mn

Adjusted free cash flow5

€646 mn4

-€174 mn

Gearing ratio

Equity ratio

n.a. 30.1%

n.a. 36.7%

Trailing ROCE6

Net indebtedness

-1.4% €3,707 mn

8.3% €4,117 mn

• 1 Before amortization of intangibles from PPA, changes in the scope of consolidation and special effects.

• 2 Amortization of intangibles from PPA.

• 3 Net income attributable to the shareholders of the parent.

• 4 The figures shown comprise continuing and discontinued operations.

• 5 Free cash flow before acquisitions and divestments.

• 6 Calculated as reported EBIT for the last twelve months (LTM) divided by average operating assets for the LTM.