IHS sharply reduced its estimates for the Global LVP1 in September, now expecting only 1.6 % Global LVP1 growthvs. 11.4% back in June
IHS estimates on volume losses in 2021 due to global chip shortage2:
Q1: 1.4 mn
Q2: 2.6 mn
- Q3: 3.4 to 3.8 mn
FY: 9.5 to 11 mn
- Q4: 2.0 to 3.2 mn
Schaeffler Group and Automotive Technologies Division implications
Automotive market external headwinds - stronger than the ones we already expected - may weigh on sales volumes for the AT division
Although the estimated LVP1 was materially reduced by IHS, we aim to outperform the market as per our FY Auto Technologies guidance
Countermeasures were initiated - Reduction of flextime accounts, selected closing days in plants; short-time work is investigated for Q4
Despite pressure on volumes, profit and FCF protection actions support our FY divisional and group guidance
Cautiousness expressed in our Q2 Earnings season proved to be right - Headwinds are persisting
Sep 2021
Schaeffler Automotive Technologies | Bank of America European Autos Conference
4
1 Where we stand
Automotive Technologies - Driving the transition to innovative Propulsion and Chassis Technologies
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
4,365
3,264
H1 2020
H1 2021
EBIT1
in EUR mn
379
-192
H1 2020
H1 2021
EBIT
-5.9%
8.7%
margin1
1
Before special items
Sep 2021
Schaeffler Automotive Technologies | Bank of America European Autos Conference
2
Including Chassis Mechatronics Systems, Fuel Cell & Thermal Management Systems 5
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Schaeffler AG published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 04:21:02 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.
SCHAEFFLER AG 
