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Mobilität erfahren – Zukunft entwickeln.Experience mobility – Drive the future.

ElringKlinger Group

Analysts Conference

on the 2009 Financial Year

March 30, 2010

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Business Year 2009: Key developments

Most severe crisis of the automotive industry in the last 30 years:

OE car production falling by more than 40 % at times

Cost cutting measures, introduction of short-time work at German plants

and compelling working capital management

Gradual recovery of passenger production as of HY 2

Strong investments in property plant and equipment (EUR 89.7 mn)

despite the crisis improves competetive edge

Further build-up of R&D capacities at New Business Areas division

Engineered Plastics: New plant opening at Bietigheim-Bissingen

(Nov. 2009)

10 % stake increase in Changchun ElringKlinger Ltd. to 88 % (June 2009)

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Business Year 2009: Car Production versus Car Sales

(% change y-o-y)

17.2

44.4

-10.9

8.8

-49.4

23.2

-21.2

-1.6

-6.5

12.8

43.8

-30.8

3.5

-34.1

-62.3

-16.9

-10.3

-13.8

-80 -60 -40 -20 0 20 40 60 80

World

Europe

Russia

USA

Brazil

Japan

China

India

Germany

Car SalesCar Production

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Business Year 2009: Business trends

Truck segment still very weak with share in Group sales down

from 11% to 6% of Group sales in 2009

Engineered Plastics (PTFE) business strongly affected by extremely weak

demand from customers in machine and plant engineering

Gradually improved gross margin

Lower Material prices failed to contribute significantly due to reduced

purchasing volumes

Decreasing settlement payments for hedging of alloy surcharges (Nickel)

Positive earnings effect of EUR 3.6 mn from reversal of material-related

provisions exceeding settlements payments (previous year burdened by

EUR 15.9 mn recognition of provisions)

Second scenario to achieve 540-580 mn in sales and 8-10% EBIT margin

met

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Sales: Long-term growth above market

579608

528

475459417

393367

312

658

0

100

200

300

400

500

600

700

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

€ mn

6

133.8*

173.8*

162.8

187.4*

160.1*

151.3*

138.2*

129.7*

100

120

140

160

180

200

Q1 Q2 Q3 Q4

2008 2009

€ mn

Sales recovering quarter by quarter

* incl. acquisitions

4

7

20.420.3

6.8

15.8

20.23

18.72

10.010.7

0

10

20

30

Q1 Q2 Q3 Q4

€ mn

Focusing on profitability: EBIT by quarter

EBIT EBIT adjusted1 excl. EUR 3.1 mn from currency effects 2 incl. EUR 2.0 mn in R&D grants 3 incl. EUR 1.6 mn in R&D grants

7.61

8

Sales in the OEM business down 12.2%

476.5

418.2

200

300

400

500

600

2008 2009

€ mn

EBT22.6 (24.5)

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9

Sales in the Aftermarket down 4.9%

98.193.3

40

60

80

100

120

140

2008 2009

€ mnEBT

18.4 (18.2)

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Sales in Engineered Plastics down 18.4%

69.1

56.4

20

40

60

80

100

120

2008 2009

€ mnEBT

5.0 (12.7)

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Group Sales by Market Segments 2009 (py)

Engineered Plastics 9.7% (10.5%)

OEM 72.2% (72.4%)

Services 0.6% (0.9%)

Aftermarket16.1% (14.9%)

Real Estate Business1.4% (1.3%)

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Group sales by products and services 2009 (py)

Cylinder-Head Gaskets12.7% (16.9%)

Specialty Gaskets 13.7% (15.1%)

Cam Cover Modules/ Elastomer Gaskets

17.0% (18.3%)

Heat Shields28.8% (22.1%)

Aftermarket 16.1% (14.9%)

Real Estate Business1.4% (1.3%)

Services0.6% (0.9%)Engineered Plastics

9.7% (10.5%)

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Group Sales by region 2009 (py)Share of Asia and South America trending up

Germany 33.1% (35.9%)

NAFTA14.6% (15.3%)

South America &Others

6.4% (5.2%)

Rest of Europe 32.1% (32.4%)

Asia and Australia 13.8% (11.2%)

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Employees ElringKlinger Group worldwide

AG

1,636 (1,737)

Domestic

subsidiaries589 (630)

International

subsidiaries1,946 (1,808)

as of December 31, 2009

(py) Group4,171 (4,175)

headcount exl. aquisition 4,124

Germany2,225 (2,367)

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Investments vs. depreciation and amortization – well set up for post-crisis years

95.0

49.6

137.9

95.0

71.2

45.7

61.7

48.0

0

20

40

60

80

100

120

140

160

180

200

2006 2007 2008 2009

Investments in plant, property and equipment, invest. prop. and intangible assets

Depreciation and amortization

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FY 2009: Sales and EBIT

in € mnFY

2009

Sales 579.3 657.8

Cost of sales 426.3 464.22

EBIT1 63.3 71.53

EBITDA 134.5 133.23

FY2008

- 11.9

- 8.2

- 11.5

+ 1.0

Changein %

1 Incl. currency effects2 Figure adjusted, cf. notes p.126 3 Incl. EUR 5.8 mn badwill MARUSAN, EUR 0.7 gain from

insurance proceeds, EUR 1.1 mn collective wage payment, EUR 3.6 mn ppa (n.a. at EBITDA level),

EUR 15.9 mn prov. for commodity-price hedging

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FY 2009: Financial Result and Net Income

in € mn

Net finance costs - 13.9 -15.8 - 12.0

EBT 49.4 60.0 - 17.7

Taxes 16.8 - 13.1

Net income 43.2 - 19.4

14.6

34.8

Minority interests 1.6 3.3

Profit attributable to

shareholders of EK 33.2 39.8 - 16.6

FY2009

FY2008

Changein %

Net finance costs

EBT

Taxes

Net income

Net finance costs

EBT

Taxes

- 51.5

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Business Year 2009: Dividend increase

EPS came in at EUR 0.58 per share as compared to EUR 0.69 per share

in the previous year

Proposed dividend to AGM for FY 2009:

EUR 0.20 up 33% on last year‘s EUR 0.15 EUR

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FY 2009: Net cash from operating activities and op. FCF

148.8

98.2

-37.6

58.2

-50

0

50

100

150

200

€ mn

2008 2009

Op. FCFNet cash from op. activities

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Balance Sheet Structure ElringKlinger Group:

Equity ratio 41.3% - up after prior financing of acquisitions

Dec. 31, 2008 Dec. 31, 2009

26.7

35.6

37.7

Liabilities and

shareholders‘ equityin %

31.9

Shareholders‘ equity

Non-current liabilities

Current liabilities

Dec. 31, 2008 Dec. 31, 2009

68.1

Assetsin %

Non-current assets

Current assets

34.8

65.2

19.9

38.8

41.3

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Enabling CO2 reduction and alternative drivetrains: The key drivers in post-crisis auto markets

Substituting

Metal by Plastic

Alternative Drivetrain

Fuel-cell and Battery

Technology

Reducing CO2 and

NOx

Enabling

Downsizing

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Reducing CO2: Substituting metal by plastic

Weight reduction =

lower consumption

ElringKlinger designs cam covers,

gearbox casings and oil pan modules

with many integrated features

More than 20 potential applications in

the engine and the transmission

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Going small: Downsizing the engine

Same output from lower displacement

Direct injection, higher pressure

Gasketing more demanding

Turbo-charging

Rising temperatures

More heat shields

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Reducing NOx

Tightened environmental regulations

Euro 5 and 6 require significant NOx

reduction

SCR (Selective Catalytic Reduction)

adapter module enabling high

temperature sealing and thermal/

mechanical shielding for SCR injection

systems

Truck and passenger car modules

Newly developed modules for diesel

cars and the new generation of gasoline

engines

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DPF: Pioneering nano coating material for soot reduction

ElringKlinger is already supplying

specialty gaskets, joints and heat

shields for DPFs

Euro-5-legislation requires DPFs for

most diesel powertrains

New precious-metal free coating

material for reduction of particulate

matter

Specimens endurance and field tests

currently under way

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Fuel-cell technology: Mobile and stationary

Fuel-cell components for PEM, SOFC

and DMFC applications

Auxiliary power units (SOFC-system)

for trucks HVAC

New development project win:

Cogeneration units (SOFC-system) for

households and homes

PEM bipolar plates for full drive-train

application

Strong patent base established

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Battery Technology: Market entry with lithium-ion batterycomponents

Separators and bipolar plates for

bipolar lead/acid batteries

Entry in lithium-ion battery market

> cell and module connectors

> plastic housing module frames

For use in hybrids and pure electric

cars

First contract to SOP in late 2010/2011

with European OE

Development projects in Shielding

Technology division

> electromagnetic/acoustic shielding

> temperature management

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Outlook 2010: Company/Markets

Global vehicle production returns to growth: ElringKlinger assumes 3% to

4% increase in vehicle production in 2010

Car sales Germany could fall up to 30 %, but strong pick-up in exports

European car market overall stable or slightly negative productionwise

US light vehicle production expected to grow in the upper single-digits

Chinese car production posting further single-digit growth

Raw material prices still at manageable levels when seen over the mid-

term, but rising since mid 2009.

Moderate increase in personnel cost based on collective wage agreements

already concluded

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World Car Production recovering driven by Asia

63e

73

66

57

0

20

40

60

80

100

2007 2008 2009 2010

in mn

units

Source: PWC, January 2010

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Outlook 2010: Corporate

Engineered Plastics (PTFE): Signs of order intake recovery

Second production system for Moldflon installed focusing on medtech

industry

Truck area: No signs of a major recovery before HY 2 2010 in Europe

Promising prospects with Chinese truck & engine manufacturers

Capex in plant, property and equipment incl. tooling will come in lower at

EUR 65.0 to 75.0 mn

Two new plants in China, incl. equipment (EUR 10-15 mn)

New logistics center (for OE and AM) at Dettingen improves cost structure

and product turnover (EUR 14 mn)

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Outlook 2010: Corporate

Further build-up of New Business Areas division: Fuel-cell and battery

technology, DPF-coating

Sustained cost-cutting measures supported by investments in

rationalization undertaken

Raw material prices still at managable levels when seen over the mid-term

but rising since mid 2009

Moderate increase in personnel cost based on collective wage agreements

concluded

Short-time work at German plants ended

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Outlook 2010: Financials

Order intake in Q4 2009 was strongest ever posted in a final quarter at

EUR 173,8 mn (EUR 106,1 mn)

Order backlog up 16 %

Return to pre-crisis sales and profitability levels until 2012 the latest,

that is much faster than car markets

Further decline of net debt level

Assuming a continuing moderate recovery of world car markets ElringKlinger

anticipates an organic increase in sales of between 7% and 10%

EBIT is expected to grow disproportionately at a rate of 12% to 15%

Good technological starting position for long term-growth

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Thank you for your attention.

ElringKlinger Group

Mobilität erfahren – Zukunft entwickeln.

Experience mobility – Drive the future.

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Disclaimer – Forward-looking Statements and Predictions

This presentation contains statements about the future. These statements are based

on current expectations, market evaluations and predictions by the Management Board,

and on information that is currently available to them. The statements about the future

should not be interpreted as guarantees of the future developments and results that they

refer to. Whilst the Management Board are convinced that the statements that have

been made, and the convictions and expectations on which they are based, are realistic,

they rely on suppositions that may conceivably prove to be incorrect; future results and

developments are dependant on a multitude of factors, they involve various risks and

imponderabilities that can affect whether the ongoing development deviates from the

expectations that have been expressed. These factors include, for example, changes to

the general economic and business situation, variations of exchange rates and interest

rates, poor acceptance of new products and services, and changes to business strategy.