Schaeffler : 2022-01-19 Kepler Cheuvreux – German Corporate Conference, K. Rosenfeld, virtual

Schaeffler Group - CEO and CFO update, January 2022

Kepler Cheuvreux German Corporate Conference

January 19th, 2022

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Disclaimer

This presentation contains forward-looking statements. The words "anticipate", "assume", "believe", "estimate", "expect", "intend", "may", "plan", "project", "should" and similar expressions are used to identify forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about Schaeffler Group's beliefs and expectations and the assumptions underlying them. These statements are based on plans,

estimates and projections as they are currently available to the management of Schaeffler AG. Forward-looking statements therefore speak only as of the date they are made, and Schaeffler Group undertakes no obligation to update any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. These statements are based on Schaeffler AG management's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Actual results may differ from those set forth in the forward-looking statements as a result of various factors (including, but not limited to, future global economic conditions, changed market conditions affecting the automotive industry, intense competition in the markets in which we operate and costs of compliance with applicable laws, regulations and standards, diverse political, legal, economic and other conditions affecting our markets, and other factors beyond our control).

This presentation is intended to provide a general overview of Schaeffler Group's business and does not purport to deal with all aspects and details regarding Schaeffler Group. Accordingly, neither Schaeffler Group nor any of its directors, officers, employees or advisers nor any other person makes

any representation or warranty, express or implied, as to, and accordingly no reliance should be placed on, the accuracy or completeness of the information contained in the presentation or of the views given or implied. Neither Schaeffler Group nor any of its directors, officers, employees or advisors nor

any other person shall have any liability whatsoever for any errors or omissions or any loss howsoever arising, directly or indirectly, from any use of this information or its contents or otherwise arising in connection therewith.

The material contained in this presentation reflects current legislation and the business and financial affairs of Schaeffler Group which are subject to change.

Schaeffler AG - Kepler Cheuvreux German Corporate Conference

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Agenda

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Where we stand - Current trading and Key Q3 2021 messages

Divisional Business Highlights

Targets

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Agenda

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Where we stand - Current trading and Key Q3 2021 messages

Divisional Business Highlights

Targets

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1 Where we stand - Current trading and Key Q3 2021 messages

Solid Q3 2021 - Automotive Technologies sales hampered by market, EBIT margin2 and FCF3 successfully protected

Key messages

Q3 Group sales1 -3.0% - Automotive Technologies sales realization

1. hampered by market disruptions, strong growth in Automotive Aftermarket and double-digit in Industrial
   Q3 EBIT margin2 8.2% - Effective margin protection in Automotive
2. Technologies despite lower volumes, strong margin in Automotive Aftermarket and Industrial
3. Q3 FCF3 EUR 225 mn - Supported by higher EBITDA; counter- balanced by increased Capex and tactically higher inventories
   9M ROCE4 peaked at a strong 18.0% (9M 20: 8.0%) - Supported by
4. above average LTM earnings and proactive capital management Automotive Technologies Operating Model sharpened to boost
5. execution of our "Mature and New" approach - Further differentiating powertrain-specific and powertrain-agnostic businesses
   FY 2021 Guidance confirmed for Group and divisional margins and
6. FCF - Auto Technologies Outperformance guidance unchanged,

Industrial top line raised

1 FX-adjusted | 2 Before special items | 3 Before cash in- and outflows for M&A activities | 4 Before special items, LTM

Schaeffler AG - Kepler Cheuvreux German Corporate Conference

Sales growth1 Q3 Gross margin Q3

-3.0%	23.8%
EUR 3,332 mn	Q3 2020: 23.5%

EBIT margin2 Q3 Free Cash Flow3 Q3

8.2%	EUR 225 mn
EUR 272 mn	Q3 2020: EUR 333 mn

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