schaeffler group · germany, western, southern and eastern europe, middle east, africa, russia and...

Schaeffler Group

Barclays European High Yield and Leveraged Finance Conference 2014

London – October 30, 2014

Schaeffler · Barclays European High Yield and Leveraged Finance Conference 2014 · October 30, 2014

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-lookingstatements are statements that are not historical facts; they include statements about Schaeffler Group's beliefs and expectationsand the assumptions underlying them. These statements are based on plans, estimates and projections as they are currentlyavailable to the management of Schaeffler AG. Forward-looking statements therefore speak only as of the date they are made, andSchaeffler 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 AGmanagement's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differmaterially 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 marketconditions affecting the automotive industry, intense competition in the markets in which we operate and costs of compliance withapplicable laws, regulations and standards, diverse political, legal, economic and other conditions affecting our markets, and otherfactors beyond our control).

This presentation is intended to provide a general overview of Schaeffler Group’s business and does not purport to deal with allaspects and details regarding Schaeffler Group. Accordingly, neither Schaeffler Group nor any of its directors, officers, employees oradvisers nor any other person makes any representation or warranty, express or implied, as to, and accordingly no reliance shouldbe placed on, the accuracy or completeness of the information contained in the presentation or of the views given or implied. NeitherSchaeffler Group nor any of its directors, officers, employees or advisors nor any other person shall have any liability whatsoever forany errors or omissions or any loss howsoever arising, directly or indirectly, from any use of this information or its contents orotherwise arising in connection therewith.

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


in EUR mn

Number of patent registrations in Germany1)

1 Schaeffler at a glanceSchaeffler – A leading technology provider

1) Incl. Germany, Western, Southern and Eastern Europe, Middle East, Africa, Russia and India

Schaeffler Group at a glance

Sales by segment Sales by region

73% Automotive

27%Industrial

58% Europe¹)11%Greater China

Asia/Pacific10%

21%Americas

Number of patent registrations in Germany1)

2010

CAGR +11%

9.5

2011

7.3

2009

11.110.7

2013

11.2

2012

Strong sales growth from 2009 - 2013in EUR bn

4 Leading manufacturer of high-precision componentsand systems for automotive and industrialapplications

4 Global footprint with over 80,000 employees in morethan 50 countries

4 Above industry average profitability andrevenue growth

4 Strategic participation in Continental AG


in EUR bn

EBIT and EBITDA 2004 - 20131)

1 Schaeffler at a glanceA strong history of above average growth

1) 2004-2005 according to German GAAP, 2006-2013 according to IFRS

11.2

2012

11.1

2011

10.7

2010

9.5

2009

7.3

2008

8.9

2007

9.0

2006

8.3

2005

7.9

2004

7.3

CAGR +5%

2013

0.81.0 1.1 1.1 1.0

0.7

1.51.7

1.4 1.4

2.1

1.7

2007 2010

2.2

20132)2012

2.0

2011

2.1

2009

1.1

1.7

20082006

1.7

2005

1.5

2004

1.4

Development of sales 2004 - 20131)

in EUR bn

8.4% -1.2% -17.6% 29.4% 12.6%7.2% 8.7% 4.7%

Sales growth

4.0% 0.9%

EBITDA margin

19.4% 19.4% 15.0% 22.1% 21.0%19.0% 19.5% 19.9%EBIT margin

12.6% 11.7% 6.1% 15.9% 15.8%10.8% 12.2% 12.9%

18.8%

12.7%

EBIT EBITDA

18.4%

12.6%

2) Adjusted EBIT and EBITDA


Transmission Systems

Chassis Systems

Engine Systems

Aftermarket

Production Machinery

Energy and Raw Material

Aerospace

Mobility

Aftermarket

1 Schaeffler at a glanceTwo divisions with top three positions in core market sectors

Automotive Industrial


1 Schaeffler at a glanceOur key success factors – Quality, Innovation and Technology

826

1,832

20122010

1,854

2,100

2011 2013

1,146

2008 2009

1,641

#5 #5 #4 #4 #4 #2

1) Source: Deutsches Patent- und Markenamt (DPMA)

Rank in Germany

Number of patent registrations in Germany1) Core technologies

… basic materials (steel) … inhouse tool design

… precisionmanufacturing… surface treatment


Urban mobility2Environmentally friendly drives 1

Interurban mobility 3 Energy chain4

"Mobility for

tomorrow"

2 Mobility for tomorrowStrategy refocused – "Mobility for tomorrow"


2 Mobility for tomorrowEnvironmentally friendly drives

Reduced losses

Increased variability

Electrification

Efficiency forenvironmentalfriendly drives

1


2 Mobility for tomorrowCombustion engine remains dominant but will be further electrified

● Trends

Powertrain concepts CO2 legislation worldwide

98%

80%

56%

2%

19%

35%

1%9%

Hybrids Electric

2013 2020 2030

Light vehicle production

Source: University of Duisburg-Essen, 2012

Combustion engine 80

100

120

140

160

180

200

220

240

260

2000 2005 2010 2015 2020 2025

China: 117 gin 2020

EU: 95 gin 2020

Japan: 105 gin 2020

USA: 109 gin 2025

Source: icct, 2013

Light vehiclesin g CO2

Proposed targetEnacted target

USA: incl. light duty vehicles

1


2 Mobility for tomorrowPossible approaches to reduce the fleet-CO2-emissions

Three approaches

2. Downsizing /Downspeeding

3. Hybridization/Electrification

Example:New Mercedes-Benz S-classwith 4 cylinders

Example:Toyota Prius – most successfulhybrid on the market

1. Optimizationconventionalpowertrain

+ +Threefold approach

1


Schaeffler EfficientFuture Mobility India

Schaeffler EfficientFuture Mobility NorthAmerica

SchaefflerHybrid Schaeffler CO2ncept-10%

SchaefflerACTIVeDRIVE

Fiesta eWheelDrive

ChinaConcept Car

1. GasolineTechnology Car

2. Diesel Eco Drive3. 48V Democar

Schaeffler EfficientFuture Mobility India

Schaeffler EfficientFuture Mobility NorthAmerica

SchaefflerHybrid Schaeffler CO2ncept-10%

SchaefflerACTIVeDRIVE

Fiesta eWheelDrive

ChinaConcept Car

Diesel EcoDrive

System 48V

Gasoline Technology Car

2 Mobility for tomorrowMarket specific concepts to fulfill regional requirements1


2 Mobility for tomorrowMeeting stringent US emission targets of 2020 already today

Fuel reduction in %

Technology City HighwayBelt Drive FrictionOptimization 1.0 1.0

Valve Train FrictionOptimization 0.5 0.5

Balance ShaftBearings 0.6 1.0

ThermalManagementModule

1.0 1.0

Adaptive GrillShutters 0.2 0.8

Engine Start-Stop 6.0 2.0AWD Disconnect 2.0 6.0

Wheel BearingsOptimization 0.5 1.0

TC with CentrifugalPendulum-typeAbsorber

3.0 1.0

Total: ~15 ~14

§ Developed in North America for market-specificdemands and customer requirements

§ Schaeffler shows solutions for optimizing NorthAmerican combustion engines and drive trains

§ Additional fuel savings potential up to 15%

Efficient Future Mobility –Schaeffler North America Demonstration Vehicle

1


§ Ford Focus, 1.0l 3-cylinder, turbo charger, 92 kW, 114 g/kmCO2, Start/Stop, EU5

§ Mild Hybridization 48V BSA, thermal management module,coated tappets, decoupling belt tensioner, optimized turbocharger, engine control unit, injection system, heatedcatalyst, low-pressure EGR, hydr. clutch actuator, DMF withcentrifugal pendulum absorber

§ Fuel savings potential ~15% (aim ~17%: 95 g/km) andemission reduction EU6c

Gasoline Technology Car Fuel reduction in % (simulation according to NEDC)

Measure ReductionStart/stop 20 km/h 1.1Recuperation 2.6

Torque repartition 0.8

Dedicated braking pedal 0.5Free gear selection 5.4

External exhaust gas recirculation (EGR) 2.0

Electric heatable catalyst 2.0Thermal management module (real simulation) 1.0

Total ~15Total incl. synergies between measures ~17

Emission reduction

In addition to fuel savings, emission reduction(NMHC, NOx, CO, PM) was achieved to comply withthe guideline EU6c.

2 Mobility for tomorrowLatest concept car shows further fuel saving potential1


2 Mobility for tomorrowUrban Mobility

2025:8.0 bn people60% in metropolitan regions

Today:7.1 bn people50% in metropolitan regions

2


LEVs volume per application worldwide Forecast sales E-Bikes

2 Mobility for tomorrowStrong market development LEVs and e-bikes

0

10

20

30

40

50

2012 2013 2014 2015 2016 2017 2018

Restl. Welt

Westeuropa

China

0.E+00

1.E+07

2.E+07

3.E+07

4.E+07

5.E+07

6.E+07

7.E+07

8.E+07

9.E+07Golf cars

Micro EV quadricycle

LEvs for disabled

E-Scooter /e-MC

E-bike /Pedelec

Source: Light Electric Vehicles, Mobility Vehicles, E-Motorcycles and Micro-Evs(Quadricycles) 2013-2023, IDTechEx 2013

Source: Pike Research 2012

Units in mn. Units in mn.

§ By 2018, the E-bike market is growing globally at anannual rate of 7.4%.

§ 2018, the annual sales will be at 47 mn., with almost 95%of the market in China.

§ Majority of E-bikes in China without pedals, in WesternEurope almost exclusively Pedelecs.

Rest of world

Western Europe90

80

70

60

50

40

30

20

10

0

2


Schaeffler employees in Chinausing e-bikes and e-scooters

§ NEVs are defined as fully electric or hybridvehicles on four wheels

§ Subsidies for Battery Electric Vehicles (150 kmrange) and Hybrid Electric Vehicles (50 km range)

§ Minimum speed requirement: 100 km/h

§ Openness towards newtechnologies

§ Increasing income§ Pursuit of individual mobility§ Around 20-30 million

e-bikes and e-scooters aresold each year in China

E-bikes and e-scooters

New Energy Vehicles (NEVs)

Schaeffler innovationElectric motor, power electronics, brake, and coolingsystem are installed inside the wheel rim

Driving systems especially forurban use§ Space-saving vehicle concept§ Increased maneuverability

and safety

Concept vehicle Ford Fiesta eWheelDrive

Strong focus on electric mobility in China E-wheel drive

2 Mobility for tomorrowOffering solutions for urban mobility requirements2


2 Mobility for tomorrowInterurban Mobility

0%

20%

40%

60%

80%

100%

CO2 emissions of road freight transport

1991 2004 2025

per tone-kilometer(1991 = 100 %)

Source: UBA, IFEU

3


2 Mobility for tomorrowKey technology partner for high speed trains

Schaeffler test rig

Schaeffler test rig for railway axlebox bearings, Schweinfurt, DE and Anting, CN

Mechatronic systems for freight traffic

§ FAG axlebox bearing forhigh-speed trains

§ Key influencing factorscan be tested in advance.

§ Different route profilescan be simulated underfield conditions.

Rollingbearing unit

Generator

Electronicsmodule

§ Mechatronic functions in axlebox bearings

§ The integrated wheelset generator allows energy forfreight transport to be supplied and includes a monitoringsystem for freight trains

3


2 Mobility for tomorrowHigh precision components for the aerospace industry

Schaeffler aerospace solutions Technology development

Main shaft andgearbox bearings,

e.g. for Airbus A380

Materials

Surface

Bearing AnalysisMicro Structure

§ Materials and heat treatment technologies

§ Surface Engineering

§ Non-destructive test methods for new materials

§ Development of coatings

§ Design Integration

§ Advanced Cooling Concepts

§ Dynamic analysis & Simulation

§ Bearing rig testing

§ Condition Monitoring (“Intelligent Bearing”)

3


2 Mobility for tomorrowEnergy chain

Solar- und WindenergieGlobal investments in new power plants andinfrastructure 2011-2020

Power grids 44%(Infrastructure)

Coal12%Gas 6%

Oil 1%

Nuclear 6%

Wind 12%

Water 8%

Solar PV 7%Other Regenerative 4%

Source: International Energy Agency (2011): World Energy Outlook

4


For ocean currentpower plants,Schaeffler developsbearing supports thatcan be directlyinstalled in water. Thewater is the mediumthat provides thelubrication.

Schaeffler uses aspecial steel that isresistant to corrosionfor the rolling bearingrings.

Large-size bearing test rig in Schweinfurt, Germany

Schaeffler's spherical roller bearing "X-life" is the classicbearing variant for the rotor main shaft in wind turbines.

Wave power Wind power

2 Mobility for tomorrowInnovative solutions for regenerative energies4


H1 14 H1 13 H1 14 adj.vs. H1 13 Q2 141) Q2 13 Q2 14 adj.

vs. Q2 13

Sales 5,990 5,614 +6.7% 3,014 2,858 +5.5%

EBITDA/Adj. EBITDA1)

1,0991,101 1,042 +5.7% 530

541 530 +2.1%

EBITDA margin/Adj. EBITDA margin1)

18.3%18.4% 18.6% -0.2%-pts. 17.6%

17.9% 18.5% -0.6%-pts

EBIT/Adj. EBIT1)

787789 724 +9.0% 373

384 369 +4.1%

EBIT margin/Adj. EBIT margin1)

13.1%13.2% 12.9% +0.3%-pts. 12.4%

12.7% 12.9% -0.2%-pts

Net income 574 561 +13 mn 192 328 -136 mn

Working capital2) 2,786 2,343 -443 mn 2,786 2,343 -443 mn

Capex 298 229 +69 mn 143 108 +35 mn

Free cash flow -179 386 -565 mn -160 334 -494 mn

Net debt2) 6,362 5,890 +472 mn 6,362 5,890 -472 mn

Leverage ratio2) 3) 2.7 2.6 +0.1 2.7 2.6 +0.1

3 Results H1 2014Overview results H1 2014

1) Excluding one-off efects 2) Prior year figure as per December 31, 2013 3) Net financial debt excl. shareholder loans to adjusted EBITDA ratio

in EUR mn


3 Results H1 2014Record sales of around EUR 6 bn in H1 2014

10.0%

11.5%

19.9% 58.6%Americas1,194 / +1.2%

Greater China689 / +25.0%

Europe3,510 / +5.2%

Asia/Pacific597 / +9.1%

1) Market view (= location of customers)

Q1 Q2

+6.7%vs. H1 2013

3,014

Q1

2,976

Q4

2,780

Q3

2,811

Q2

2,756 2,858

5,614

2013 2014

Gross profit margin in %

28.7 28.8 27.2 28.7

28.7

28.1

Salesin EUR mn

H1 2014 sales by region1)

in EUR mn / Y-o-y growth

H1 14 H1 13 D D excl.FX effects

Automotive 4,437 4,075 +8.9% +11.7%

Industrial 1,553 1,539 +0.9% +4.3%

Total 5,990 5,614 +6.7% +9.6%

Sales by divisionin EUR mn

5,990

29.1

28.0 28.6

5,591


Europe

+8%

Asia/Pacific

+15%

+1%

Greater China+33%

+10%

Production of light vehiclesH1 2014 vs H1 2013(IHS Automotive)

Operational sales growthSchaeffler Automotive (OEM)H1 2014 vs H1 2013(by location of customer)

+17%

+0%

Americas2)

+3%

3 Results H1 2014Sales Automotive – Continued growth above market

World production: +4%Schaeffler Automotive OEM: +14%

(operational sales growth)

1) Schaeffler Automotive sales growth by region is not necessarily an indication of actual end-customer demand by region (e.g. European sales include components and systems sold to customers inEurope who ultimately export the final product to customer locations in North and South America as well as in Asia/Pacific).

2) Operational sales growth Schaeffler Automotive (OEM) in North America +24% (light vehicles production +4%) and in South America -18% (light vehicle production -16%)

Sales development Automotive1) Regional distribution

Key aspects

§ Schaeffler Automotive again strongly outgrew globalautomotive production in H1 2014

§ All business divisions and all regions contributed tooverall growth

§ Strong sales growth in China results from highlocalization rate and new production start-ups

58%20%

12%

10%

Americas

Greater China

Europe

Asia/Pacific


3 Results H1 2014Sales Industrial – Improving trend

Sales trend

Key aspects

§ Sales Industrial with improving trend; FX-adjustedgrowth rate +4.3% (as reported 0.9%)

§ Positive order intake, orders on hand slightly aboveprior-year level

§ Slight increase in sales in Europe

§ Strong sales increase in Greater China across allsectors except Aerospace and Aftermarket

60%19%

11%

10%

Americas

Greater China

Europe

Asia/Pacific

Regional distribution

in EUR mn H1 2014 H1 2013 D

Industrial Applications 976 971 +0.5%

Industrial Aftermarket 577 568 +1.6%

Total 1,553 1,539 +0.9%

Sales H1 2014 vs. H1 2013

908870

839

789769 770 757 745

2012 2013 2014

764789


Free cash flowin EUR mn

3 Results H1 2014Free cash flow H1 2014 of minus EUR 179 mn due to one-off effects

Free cash flow H1 2014in EUR mn

+162 -153 386

H1 2013

-229-157 --287 +8

-160

-19

40

203

334

52

Q2Q1Q4Q3Q2Q1

383

298168 159

-179

Freecashflow

Other

65

Taxes

142

371

1581)

Interestpayments

CapexΔ Networkingcapital

EBITDA

1,099

2013 2014

386

-179

243

One-offeffects

Refinancing

Anti-trustfine

Divi-dendfromConti-nental

1,042 -

529

1) Prepayment fee EUR 114 mn + accrued interest EUR 29 mn + transaction cost EUR 15 mn


3 Results H1 2014Leverage ratio at 2.7x

Net financial debtin EUR mn 12/31/13 06/30/14

Gross debt 6,190 6,833

- Cash 300 471

= Net financial debt 5,890 6,362

- Shareholder loans 443 607

= Net financial debt(w/o shareholder loans) 5,447 5,755

÷ LTM EBITDA adjusted 2,062 2,121

= Leverage ratio 2.6 2.7

607645443

Q2

6,362

Q1

6,172

Q4

5,890

Q3

5,729

284

Q2

6,475

343

Q1

6,834

301

2.72.62.62.73.13.3

Shareholder Loans

Leverage ratio (Net financial debt w/o shareholder loans / LTM Adjusted EBITDA)

Development leverage ratioin EUR mn

2013 2014Gross debt

7,292 7,037 6,089 6,190 6,8336,395

Cash position

458 562 360 300 471223500

1,1351,000600

20212020

1,7662)

201920182017

1,2391)

2016 202220152014

Maturity profilein EUR mn

1) Assuming EUR/USD=1.3658 as of June 30, 20142) Assuming EUR/USD=1.28 as of October 16, 2014

Existing bonds New loans


3 OutlookGuidance 2014 unchanged

ProfitabilityGrowth

Quality Innovation

Sales growth

Capex

Quality policy

Employees

EBIT margin

Free cash flow

R&D expenses

Innovation

>7%1)

6-8% of sales

12-13%

Positive

Further improve

~ 3,000 new jobs

5% of sales

Maintain leadingposition in patentapplications

1) FX adjusted


4 Financing and capital structureFinancing structure continuously improved

Continuous capitalstructure

optimization

Financingstructure

OpCo/HoldCo

Corporatestructure

Schaeffler Group

June / July2012 Bank consortium further enhanced, issuance of €326 mn retail bond

September2012

Reduction of liabilities at Schaeffler Holding by €1.6 bn, shareholderstructure simplified

December2012

Refinancing of €5.6 bn OpCo facilities enhancing covenant, repayment andstructural flexibility

February2013

Repricing transaction of €1.6 bn equivalent OpCo facilities withinstitutional lenders

April2013

Restructuring of OpCo facilities and additional issuance of €1.25 bnhigh-yield bonds

July2013

Comprehensive refinancing of HoldCo indebtedness of €3.75 bn including issuanceof PIK Toggle Notes

September2013

Reduction of liabilities at Schaeffler Group and Schaeffler Holding byapprox. €1.3 bn

May2014

Refinancing of €3.5 bn OpCo debt by placing €2.0 bn of new secured and unsecuredbonds and €1.5 bn of new institutional term loans

January2012

Comprehensive refinancing of OpCo indebtedness of €8.0 bn includingfirst-time issuance of high-yield bonds

October2014

€1.8 bn equivalent OpCo loan refinancing and OpCo/HoldCo bond consent processcompleted to align terms and conditions; €1.0 bn OpCo RCF committed

Refinancing of €1.9 bn of HoldCo debt with €700 mn HoldCo bank loansand €1.2 bn HoldCo bonds

October2014

Key development steps


4 Financing and capital structureOverview of new corporate and financing structure

Debt instrument Nominal inEUR mn Interest Maturity Rating

Scha

effle

rH

oldi

ng

HoldCo Term Loan 500 E+4.50% Oct-19 Not ratedHoldCo RCF (EUR 200 mn) - E+4.50% Oct-19 Not ratedTotal Loan Facilities 5006.875% SSNs 2018 (EUR)2) 800 6.875% Aug-18 B1 / B6.875% SSNs 2018 (USD)2) 3) 781 6.875% Aug-18 B1 / B5.75% SSNs 2021 (EUR)2) 350 5.75% Nov-21 B1 / B6.25% SSNs 2019 (USD)2) 3) 371 6.25% Nov-19 B1 / B6.75% SSNs 2022 (USD)2) 3) 527 6.75% Nov-22 B1 / BTotal Bond Debt 2,829Schaeffler Holding Debt 3,329

Scha

effle

rG

roup

Senior Term Loan B (EUR) 750 E4)+3.50% May-20 Ba2 /BB-Senior Term Loan B (USD)3) 1,016 L4)+3.50% May-20 Ba2 /BB-Senior RCF (EUR 1,000 mn) - E+2.875% Oct-19 Not ratedTotal Loan Facilities 1,7667.75% SSNs 2017 (EUR) 800 7.75% Feb-17 Ba2 / BB-7.75% SSNs 2017 (USD)3) 469 7.75% Feb-17 Ba2 / BB-4.25% SSNs 2018 (EUR) 600 4.25% May-18 Ba2 / BB-2.75% SSNs 2019 (EUR) 500 2.75% May-19 Ba2 / BB-3.25% Unsec.Ns 2019 (EUR) 500 3.25% May-19 B1 / B4.75% SSNs 2021 (USD) 3) 664 4.75% May-21 Ba2 / BB-4.25% SSNs 2021 (USD) 3) 547 4.25% May-21 Ba2 / BB-3.50% SSNs 2022 (EUR) 500 3.50% May-22 Ba2 / BB-

Total Outstanding Bonds 4,580Schaeffler Group Debt 6,346

Total Total Debt 9,675

Future corporate structure Financing structure (Pro Forma as of October 31, 2014)

SchaefflerHolding

Finance B.V.

SchaefflerBeteiligungs-

holding

100%

SVZ (formerlySchaeffler AG)

SchaefflerVerwaltungs

GmbH

100%

Continental AGSchaeffler AG

(formerly IBH)

OpCo

Loans

100%

SchaefflerFinance B.V.

OpCo

Bonds

54.0%

Freefloat

11.8%

100%

TopCo

HoldCo

OpCo

HoldCo

Bonds

HoldCo

Loans

Guarantee1)

34.2%

SchaefflerTechnologies

GmbH

100%

100%

INA-Holding SchaefflerGmbH & Co. KG

Schaeffler HoldingGmbH & Co. KG

1) Schaeffler Beteiligungsholding guarantee and SVZ (formerly Schaeffler AG) guarantee willremain in place until fall-away conditions have been met (SVZ guarantee for benefit of OpCo debtto fall-away upon consent by or refinancing of 2017 OpCo Notes)

2) Senior Secured PIK Toggle Notes 3) Assuming EUR/USD = 1.28 4) Floor of 0.75 %


Leading positions in growing markets1

Technology, quality and innovation leadership2

Shaping "Mobility for tomorrow" by focusing on four key areas3

Strong profitable growth and sustainable cash flow generation4

Continuous optimization of balance sheet5

4 Financing and capital structureKey investment highlights


Schaeffler IR contact

Financial calendar 2014

phone: + 49 9132 82 4440fax: + 49 9132 82 [email protected]/ir

Results Q3 2014: November 20, 2014Results FY 2014 March 26, 2015

Investor Relations

schaeffler group · germany, western, southern and eastern europe, middle east, africa, russia and...

Documents