© mahle 1 press conference on the business development of the mahle group for the business year...
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1© MAHLE
Press conference on the business development of the MAHLE Group for the business year 2011
April 20, 2012
MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
© MAHLE
Agenda
Business environment/economic situation in the automotive industry
Business development of the MAHLE Group in 2011
Development of the MAHLE Group
Outlook for the 2012 business year
MAHLE at a glance – business year 2011
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MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
2010 2011Difference2010/2011
in %2010 2011
Difference2010/2011
in %
Pass. cars &light comm.
vehicles
Pass. cars &light comm.
vehicles
Pass. cars &light comm.
vehicles
Commercialvehicles
(incl. buses)
Commercialvehicles
(incl. buses)
Commercialvehicles
(incl. buses)
America 16,110 17,451 8.3 570 770 35.1
- NAFTA 11,941 13,135 10.0 319 488 53.0- South America 4,169 4,316 3.5 251 282 12.4
Asia/Pacific 37,052 36,875 -0.5 2,208 2,110 -4.4
- Japan 9,103 7,876 -13.5 269 262 -2.6- China 17,120 17,542 2.5 1,442 1,301 -9.7
Europe 19,094 20,282 6.2 501 649 29.5
- Germany 5,466 5,824 6.5 123 157 27.6
Other countries 2,179 2,252 3.4 1 1 0.0
Total 74,435 76,860 3.3 3,280 3,530 7.6
Business environment/economic situation in the automotive industry
© MAHLE
Worldwide automobile production 2010/2011[in 1.000]
Source : IHS Automotive, March 2012
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MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
5,06
0
5,01
4
3,86
4
5,26
1 6,00
2
,000
1,000
2,000
3,000
4,000
5,000
6,000
7,000
2007 2008 2009 2010 2011
Business development of the MAHLE Group in 2011
Sales development[in million EUR]
© MAHLE
–1 %
+14 %
–23 % +36 %
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MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
Business development of the MAHLE Group in 2011
© MAHLE
Sales by regions
2008 2011 5.01 billion EUR 6.00 billion EUR
North America17%
Europe54%
Asia/Pacific16%
South America13% North America
17%
Europe50%
Asia/Pacific20%
South America13%
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MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
Business development of the MAHLE Group in 2011
© MAHLE
Financial statementsIncome statement
6
2010 2011Difference2010/2011
million EUR million EUR million EUR
Sales 5,260.6 6,002.2 741.6
Cost of sales -4,087.1 -4,714.0 -626.9
Gross profit on sales 1,173.5 1,288.2 114.7
Selling, general administrative and R&D expenses -883.0 -946.7 -63.7
Other operating income 199.6 287.2 87.6
Other operating expenses -183.8 -203.9 -20.1
Financial result -54.8 -73.3 -18.5
Income from ordinary business activities 251.5 351.5 100.0
Extraordinary result -34.5 0.0 34.5
Taxes -40.4 -120.4 -80.0
Net income/loss 176.6 231.1 54.5
MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
2010 2011 2010 2011
million EUR % million EUR % million EUR % million EUR %
Assets Equity and liabilities
Intangible assets 235.4 5.6 177.6 3.8 Equity 1,464.1 35.0 1,695.7 36.7
Property, plant, and equipment
1,521.8 36.3 1,561.6 33.8 Pension accruals 402.4 9.6 411.9 8.9
Financial assets 107.9 2.6 233.3 5.0 Other accruals 774.7 18.5 718.2 15.5
Inventories 749.7 17.9 785.4 17.0 Liabilities to banks 905.1 21.6 1,066.1 23.1
Accounts receivable and other assets
979.4 23.4 1,152.1 24.9 Trade payables 470.6 11.2 527.1 11.4
Securities and cash on hand and at banks
357.8 8.6 508.0 11.0 Other liabilities 169.7 4.1 204.4 4.4
Prepaid expenses 11.1 0.3 12.3 0.3
Deferred tax assets 223.5 5.3 193.1 4.2
Balance sheet total 4,186.6 100.0 4,623.4 100.0 Balance sheet total 4,186.6 100.0 4,623.4 100.0
Business development of the MAHLE Group in 2011
Financial statementsBalance sheet
© MAHLE7
MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
30
9
41
5
17
2 19
9
31
9
24
0 26
0
27
5
28
2
26
5
0
50
100
150
200
250
300
350
400
450
2007 2008 2009 2010 2011
Business development of the MAHLE Group in 2011
© MAHLE
Development of capital expenditure on fixed assets – investments/depreciations
Inve
stm
ents
Inve
stm
ents
Inve
stm
ents
Inve
stm
ents
Inve
stm
ents
Dep
reci
atio
ns
Dep
reci
atio
ns
Dep
reci
atio
ns
Dep
reci
atio
ns
Dep
reci
atio
ns
8
million EUR
MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
Business development of the MAHLE Group in 2011
© MAHLE
Cash flow development
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MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
48
,81
8
47
,45
7
43
,48
9
49
,26
2
47
,87
7
,000
10,000
20,000
30,000
40,000
50,000
2007 2008 2009 2010 2011
Business development of the MAHLE Group in 2011
© MAHLE
Development of headcounts [as at Dec. 31]
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MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
2010 2011Difference2010/2011
in %
Europe 20,189 20,730 2.7
Thereof Germany 9,168 9,185 0.2
North America 6,940 7,408 6.7
South America 11,510 11,426 -0.7
Asia/Pacific 8,818 9,254 4.9
Total 47,457 48,818 2.9
Business development of the MAHLE Group in 2011
© MAHLE
Development of headcounts by regions [as at Dec. 31]
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MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
Business development of the MAHLE Group in 2011
© MAHLE
Long-term trends
Sales in billion Euro
Income from ordinary business activities in million EUR (profit before taxes)
Employees in thousand
5.33.9
5.05.14.34.13.83.23.12.8
6.0
2.4
0
2
4
6
8
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
26 28 29 3036 37 39
48 4943 47 49
0102030405060
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
187 155 175 181237 275 295 308
85
351
-165
252
-200
-100
0
100
200
300
400
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
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MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
Development of the MAHLE Group
© MAHLE
MAHLE/BehrComplementary product program
Exhaust gas recirculation modulesAir intake modules with
integrated indirect charge air coolers
HVAC modules with specially designed cabin air filters
13
MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
Development of the MAHLE Group
© MAHLE
MAHLE MopisanLocation
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MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
Development of the MAHLE Group
© MAHLE
MAHLE InnoWaProducts
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InnoWaWaters WA-1500 InnoWaFRESH!Home Maxi Hollow fiber membranes
MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
2011 2012Difference2011/2012
in %2011 2012
Difference2011/2012
in %
Pass. cars &light comm.
vehicles
Pass. cars &light comm.
vehicles
Pass. cars &light comm.
vehicles
Commercialvehicles
(incl. buses)
Commercialvehicles
(incl. buses)
Commercialvehicles
(incl. buses)
America 17,451 19,041 9.1 770 787 2.2
- NAFTA 13,135 14,391 9.6 488 529 8.4- South America 4,316 4,650 7.7 282 258 -8.5
Asia/Pacific 36,875 40,558 10.0 2,110 2,327 10.3
- Japan 7,876 9,275 17.8 262 321 22.5- China 17,542 18,850 7.5 1,301 1,380 6.1
Europe 20,282 18,732 -7.6 649 677 4.3
- Germany 5,824 5,417 -7.0 157 156 -0.6
Other countries 2,252 2,345 4.1 1 1 0.0
Total 76,860 80,676 5.0 3,530 3,792 7.4
Business environment/economic situation in the automotive industry
© MAHLE
Worldwide automobile production 2011/2012[in 1.000]
Source: IHS Automotive, March 2012
16
MAHLE GmbH, Press conference on the business year 2011, April 20, 2012
MAHLE business year 2011 – at a glance
© MAHLE17
2010million EUR
2011million EUR
Differencein %
Sales 5,261 6,002 14.1- Europe 2,509 2,980 18.8- North and South America 1,671 1,852 10.8- Asia/Pacific 1,081 1,170 8.2- Business Unit Engine Systems and Components 2,378 2,699 13.5- Business Unit Filtration and Engine Peripherals 1,522 1,700 11.7- Business Unit Aftermarket 729 767 5.2- Business Unit Industry 334 463 38.6- Profit Centers and Others 298 372 24.8Income from ordinary business activities 252 351 39.3in % of sales 4.8% 5.9% Extraordinary expenses and income -35 0 -in % of sales -0.6 - -Net income 177 231 30.5in % of sales 3.4% 3.9% EBITDA* 641 759 EBIT* 287 425 ROCE 15.6% 18.4% Capital expenditure for tangible fixed assets 199 319 60.3Expenditure for R&D 310 323 4.2Headcount 47,457 48,818 2.9- Germany 9,168 9,185 0.2- Europe (incl. Germany) 20,189 20,730 2.7- North and South America 18,450 18,834 2.1- Asia/Pacific 8,818 9,254 4.9Balance sheet total 4,187 4,623 10.4Equity capital 1,464 1,696 15.8Equity ratio 35.0% 36.7% * The investment result is shown below the EBIT/EBITDA from 2011 on