FY and Q4 2020 Schaeffler AG earnings

Earnings Call

March 4, 2021 Herzogenaurach

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Agenda

1 2 3 4

Overview

Business Highlights FY and Q4 2020

Financial Results FY and Q4 2020

Outlook

1 Overview

Solid FY 2020 execution - Thanks to the resilience of our organization

Key messages 2020

FY 2020 sales -10.4%1; supported by +4.6%1 Q4 recovery - All regions growing, Greater China +10.3%1 in Q4

FY Gross margin at 23.1% and EBIT margin2 at 6.4%; sequential development in Q4 with 26.5% gross margin and 11.5% EBIT margin - Automotive Technologies the key driver

Order Intake3 EUR 10.2 bn in Automotive Technologies - Strong E-Mobility Order intake of EUR 2.7 bn, exceeding EUR 1.5 - 2 bn targetCost discipline continued - Functional costs -12% yoy, Headcount 5.1% reduction to 83,300 vs. 87,750 at year end 2019

Disciplined Capex allocation with overall <1 reinvestment rate - FCF4 FY 2020 at EUR 539 mn, Dividend proposal EUR 25 cents5

Sustainability - "A-" CDP rating goal reached one year in advance

Company Strategy - Roadmap 2025 initiated, now in execution

1 FX-adjusted | 2 Before special items | 3 Nominations to customer projects | 4 Before cash in- and outflows for M&A activities | 5 Proposed dividend per common non-voting share | 6 in % of Net income attributable to shareholders before special items

Sales growth1

EBIT margin2

FY

-10.4%

FY

6.4%

Q4

+4.6%

Q4

11.5%

Free Cash Flow4

FY EUR 539 mn Q4 EUR 355 mn

Dividend5

EUR 25 cents

Payout Ratio 50%6

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Schaeffler AG published this content on 04 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2021 07:02:01 UTC.