Schaeffler AG Investor Presentation
Klaus Rosenfeld, CEO Schaeffler Group Marc McGrath, CEO Americas
May 17 & 20, 2021
Agenda
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2
Schaeffler Group Q1/2021 Financials
Schaeffler Group Q1/2021 Business Highlights & Deep Dive Americas Region
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1 Schaeffler Group Q1/2021 Financials
Schaeffler Group at a glance - We are an Automotive and Industrial supplier
3 Divisions
In % of Sales 2020
Industrial 25%
EUR 12.6 bn
Automotive
Aftermarket
13%
Automotive
Technologies 62%
Schaeffler Group
- Leading position in technology and innovation
- Diversified customer base serving 10 customer sectors
- Market leading product offering from components, systems to services
- Global footprint with 75 plants and 20 R&D centers
- ~84,000 employees in more than 50 countries
- Highly experienced leadership team with focus on execution
4 Regions
In % of Sales 2020
Asia/Pacific
13%
Greater | EUR 12.6 bn |
China | |
23% |
Americas 21%
Europe 43%
Well-diversified Automotive and Industrial supplier with global reach and synergistic businesses
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1 Schaeffler Group Q1/2021 Financials
Roadmap 2025 - Building on our strong foundations and innovating as diversified Automotive and Industrial Group
Automotive Technologies
Mature | New | ||||||
We | We | ||||||
HARVEST | BUILD | ||||||
with our | Competencies in | ||||||
enabler- | Power Electronics & | ||||||
Technologies | Hydrogen | ||||||
We | We | ||||||
EXIT/DIVEST | |||||||
GROW | |||||||
expiring businesses | |||||||
in Electrified | |||||||
& consolidate our | |||||||
Powertrains | |||||||
footprint | |||||||
We drive the transition to innovative propulsion and chassis technologies, to conquer leadership positions in New Business
Automotive Aftermarket
Platform | ▪ One-stop-shop |
business | ▪ Consolidated distribution |
Advanced | |
repair | ▪ Plug & Play solutions |
solutions | ▪ Also available for hybrids |
& services |
Wheel
bearings for ▪ Independent of drive train passenger ▪ High-performance parts cars
We capture growth opportunities in new markets
and maintain a high margin level
Industrial
Driving innovation with systems and services
Robotics | Wireless condition | Hydrogen |
solutions | monitoring | solutions |
Pushing growth in our core business
Large-size wind | Rail bearings | Agricultural |
bearings | technologies |
We further build on our profitability track record, while entering in promising new technologies
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1 Schaeffler Group Q1/2021 Financials
Strong Q1 2021 - Sales growth driven by China, double-digit margins in all divisions
Key messages
Q1 sales +11.2%1, with recovery in Greater China in Automotive
-
Technologies as main driver (+74%1)
Q1 Gross margin with positive yoy development driven by - Automotive Technologies; double-digit EBIT margin2 in all divisions, supported by continuous overhead cost control
FCF3 positive with EUR 130 mn, supported by higher EBITDA and - lower Capex; below PY due to restructuring cash-outs and Net Working Capital outflows
ROCE4 sequentially clearly up at 12.5% (Q1 20: 12.8%), supported by - strict capital discipline leading to a substantial decrease of Capital Employed
Restructuring program initiated in September 2020 progressing well - - Overall Net HCO reduction agreed as planned, financial impact unchanged
Guidance for 2021 upgraded - Higher sales growth1 and EBIT margin2, - FCF3 more than EUR 300 mn
1 FX-adjusted | 2 Before special items | 3 Before cash in- and outflows for M&A activities | 4 Before special items, LTM
Sales growth1Gross margin
+11.2% | 26.9% |
EUR 3,560 mn | Q1 2020: 24.0% |
11.3% | EUR 130 mn |
Q1 2020: 6.5% | Q1 2020: EUR 137 mn |
May 12, 2021 Q1 2021 Schaeffler AG earnings | 5 |
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Disclaimer
Schaeffler AG published this content on 17 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2021 07:35:00 UTC.