unicredit automotive credit conference - continental ag · pdf file1) highlights 2016...
TRANSCRIPT
http://www.continental-ir.com
UniCreditAutomotive Credit ConferenceLondon – May 17-18, 2017
Ticker: CONADR-Ticker: CTTAYTwitter: @Continental_IR
Wolfgang Schaefer – CFO
AGENDA
Highlights 20161 3
Indebtedness and Cash Flow 8
Results Q1 20172 5
3
Opportunities and Challenges – Medium Term4 11
Outlook 20175 19
Back-up: Q1 2017 Results Presentation6 23
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 2
Back-up: Q1 2017 Results Presentation6 23
1) Highlights 2016Continental Corporation – Sales, EBIT & Net Income1 (in € mn)
24,239
20,096
26,047
30,505
32,736 33,331 34,506
39,232 40,549
3,345
4,116 4,096
� US GAAP � IFRS
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 3
1 Net income attributable to the shareholders of the parent, from 1998 until 2003 US GAAP / from 2004 onwards IFRS.2 Siemens VDO incorporated starting December 1, 2007.IAS 19 (rev. 2011) applied starting 2013. The 2012 figures have been restated accordingly.
11,233 11,408 11,534 12,597
13,837 14,887
16,619
33
694 8551,157
1,507 1,602 1,676
-296
-1,040
1,9352,597
3,186 3,2643,345
-258
226 314716
930 9821,021
-1,124 -1,649
576
1,242
1,905 1,9232,375
2,7272,802
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Sales
EBIT
NIAT1
2
1) Highlights 2016 Very Sound Balance Sheet
› Continental’s current credit rating is:
› Fitch since October 24, 2016 : BBB+, outlook stable
4.55
0.38
H1/09 FY 2016
186%
19%
H1/09 FY 2016
22%
41%
H1/09 FY 2016
Leverage ratio1
Gearing ratio2 Equity ratio2
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 4
› Fitch since October 24, 2016 : BBB+, outlook stable
› S&P since May 11, 2016: BBB+, outlook stable
› Moody’s since June 30, 2015: Baa1, outlook stable
› Continental’s targets:
› Rating: BBB / BBB+
› Gearing ratio: <20%
› Equity ratio: above 35%
› Leverage ratio1: well below 1.00x 1 Leverage covenant ratio as defined in syndicated loan agreement; IAS 19 (rev. 2011) applied for 20162 IAS 19 (rev. 2011) applied for 2016
9,56910,030
9,61810,016 9,851
10,191 9,98410,524
11,000
1,166
2) Results Q1 2017Sales and Adjusted EBIT1 by Quarter
FY Sales €39,232 mnQ1 Sales €11,000 mnAdj. EBIT1 €1,166 mn
FY Sales €40,549 mn
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
1,0901,166
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17
Sales (mn €) Adj. EBIT (mn €)
5
1 Before amortization of intangibles from PPA, consolidation and special effects
1
3,66
9
4,04
5
3,96
8
4,02
2
3,85
2
4,04
5
4,03
8
4,16
4
4,26
0
Sales (mn €) Adj. EBIT (mn €)
5,91
2
5,99
6
5,66
1
6,00
5
6,01
1
6,15
8
5,95
8
6,37
0
6,75
4
Sales (mn €) Adj. EBIT (mn €)
2) Results Q1 2017Automotive Group and Rubber Group by Quarter
1 1
Automotive Group Rubber Group
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
663 628
Q1
/15
Q2
/15
Q3
/15
Q4
/15
Q1
/16
Q2
/16
Q3
/16
Q4
/16
Q1
/17
Q2
/17
Q3
/17
Q4
/17
455
567
Q1
/15
Q2
/15
Q3
/15
Q4
/15
Q1
/16
Q2
/16
Q3
/16
Q4
/16
Q1
/17
Q2
/17
Q3
/17
Q4
/17
6
1 Before amortization of intangibles from PPA, consolidation and special effects
19.5%20.3%
21.6%20.9% 21.1% 21.2%
18.9%20.0% 20.0%
2) Results Q1 2017Sustainable Value Creation
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
17,5
10
18,1
98
18,9
10
19,6
81
19,7
67
19,9
83
20,1
06
20,4
53
20,9
78
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2015 2016 2017
Trailing OA (mn €) Trailing ROCE
7
1 Trailing operating assets are calculated as assets for the last twelve months (LTM)2 Trailing ROCE is calculated as reported EBIT for the last twelve months (LTM) divided by trailing operating assets
1 2
3) Indebtedness and Cash Flow Cash Flow Overview
971
489
56786
4
133 36
4
2016 2016 before acquisitions 2017 2017 before acquisitions
Cash Flow Q1 2016 and Q1 2017 (mn €)
-96
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 8
-482
-404
-731 -5
01
Cash flow fromoperating activities
Cash flow used for investing activities
Free cashflow
-106 -203
3) Indebtedness and Cash Flow Net Indebtedness and Gearing Ratio
34% 34% 34%27%
23%26% 24%
19% 18%
Net indebtedness (mn €)
Gearing ratio
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 9
4,09
9
4,23
6
4,29
6
3,54
2
3,08
3
3,44
6
3,29
8
2,79
8
2,76
8
Q1 H1 9M YE Q1 H1 9M YE Q1 H1 9M YE
2015 2016 2017
3) Indebtedness and Cash FlowMaturities for Bonds1 (mn €)As at March 31, 2017
(mn €) FY 16 Q1 17
Gross indebtedness 4,952 4,723
Cash 2,107 1,896
Net indebtedness 2,798 2,768
Available credit lines 3,888 3,862
Total liquidity 5,995 5,758
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
750500
1,350
2017 2018 2019 2020 2021
10
1 All amounts shown are nominal values
Bonds
6.4% 6.0% 5.8% 6.2% 6.1%6.9% 6.8%
20
30
40
4) Opportunities and Challenges – Medium TermStrong Order Intake Causes Rise in R&D Expenses
Automotive Group: Rise in R&D Caused by Strong Order Intake (bn €)
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
0
10
2010 2011 2012 2013 2014 2015 2016
Order intake (LTS) R&D as percentage of OI
11
1 LTS = Life time sales
1
175%
225% Automotive Group: Rise in R&D not Harmful to Gross Earnings
4) Opportunities and Challenges – Medium TermSuccessful Transformation to Electronics and Software
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
75%
125%
2010 2011 2012 2013 2014 2015 2016
R&D Expenses Gross Earnings
100%
12
Components Sensors
Market for Automated Driving >€20 bn1 by 2020
4) Opportunities and Challenges – Medium Term Approaching Automated Driving: Three-Layer Model
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 13
SystemElectronics Software Integration
Environmental ModelSoftwareElectronics
1 Source: Continental estimates
4) Opportunities and Challenges – Medium Term Component Layer: ADAS Sales Split by Region
27%30%
1% 2%
27%23%
2% 2%
Europe
North America
China
2020E2016
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 14
36%
4%34%
12%
China
Japan
South Korea
ROW1
1 Rest Of World
Sales 2016: >€1.2 bn
Sales 2020: >€2 bn
› Versus previous expectation:
› More variants of hybridization due to decline in Diesel
› Stronger increase in pure Electric Vehicles
› 2030: close to 60% of the market will be electrified
4) Opportunities and Challenges – Medium TermAES: Engine Roadmap 2016-2030 – Electrification View
[mn units]
15
21
8
12
5
13
11 22
60
80
100
120110
93
2%
102
114
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
market will be electrified
15
0
20
40
2025E2020E2016Pure ICE
MHEV
FHEV
PHEV
EV2030E
Source: Continental estimates
EV: Electric Vehicle PHEV: Plug-in Hybrid Electric VehicleFHEV: Full Hybrid Electric VehicleMHEV: 48V Mild Hybrid Electric VehiclePure ICE: Pure ICE (no electrification)
HEV-related business including extended offering
Gasoline-related business
4) Opportunities and Challenges – Medium Term AES - Relative Value of Continental’s Content in Powertrains1
Diesel-related business
› Engine management systems for diesel piezo
› Engine management systems for solenoid
› Engine management systems (gasoline/diesel)
BEV-related business including extended offering
› High voltage axle drive
100%1 160% 160-360% 400%
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
systems for diesel piezocommon rail injection (injector, ECUs, pressure pumps)
› Exhaust after-treatment
› Sensors and actuators
systems for solenoid direct injection (injector, ECU, pressure pumps)
› Exhaust after-treatment
› Sensors and actuators
› Turbochargers
systems (gasoline/diesel)
› Exhaust after-treatment
› Sensors and actuators
› Turbochargersand
› 48V solutions (12kW/ 15kW/ 25kW)
or› Plug-in hybrid solutions
(incl. thermal components & charging systems)
Well positioned in all key technologies!
› Power electronics
› Onboard charging systems
› Battery management systems
› DC/DC converter
› Thermal management components
1 Value of displayed gasoline content per car is indexed at 100%; all other values read relative to the gasoline content
16
4) Opportunities and Challenges – Medium Term Adapted Electrification Strategy – Summary
2016 – 2020
› HEV-related business will grow to up to €1bn by 2020/21 as currently confirmed in order backlog
2020 – 2025
› By spending €300mn cumulative (until 2021) in plant and R&D we are positioning ourselves for up to €2bn additional business opportunity in HEV
Sales development of Powertrain business (incl. HEV)
[€bn]
~1
>2
7.5
10.0
12.5
15.0 ~14
7.3
~11
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 17
opportunity in HEV
› Due to higher share of commercial vehicle diesel business, diesel sales remains stable despite lower passenger car engine penetration
2025 – 2030
› HEV-related business will allow to compensate the business at risk from the ICE-related area
~1 1 1
~6.2
~9~11
0.1
0.0
2.5
5.0
7.5
2025
7.3
20202016GasolineDiesel HEV
E E
< <
26,047
40,550
>50,000
19%
12%
20% >20%
4) Opportunities and Challenges – Medium Term More than €50 bn in Sales and >20% in ROCE
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
13,837 12%
2005 2010 2016 2020E
Sales (mn €) ROCE
18
1Passenger car and light truck
2005-2010: CAGR 3%
2010-2015: CAGR 4%
2015-2020E: CAGR 1-2%
Global PC & LT 1
Production
21.417.8
2.8
49.9
21.717.4
2.9
51.0
Europe North America
South America
Asia
2016E 2017E
625 505
80
1,789
613 480
81
1,861
Europe North America
South America
Asia
2016E 2017E
5) Outlook 2017Market Outlook for Major Regions
Commercial Vehicle2 Prod. (k units)
IHS and own estimatesIHS and own estimates
PC & LT1 Production (mn units)
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
23.7 23.213.6
86.9
24.1 23.414.1
90.0
Europe North America
South America
Asia
2016E 2017E
332283
63
431
337287
65
450
Europe North America
South America
Asia
2016E 2017E
America America America America
19
CV Repl.4 Tire Market (mn units)
IHS and own estimates
LMC and own estimates
IHS and own estimates
LMC and own estimates
PC & LT Repl.3 Tire Market (mn units)
1 Passenger car and light truck <6t2 Heavy vehicles >6t3 Passenger car & light truck replacement 4 Commercial vehicle replacement (radial and biased)
5) Outlook 2017Continental Corporation
Consolidated sales adj. EBIT1 margin
€40.5 bn€4.3 bn
Automotive Groupadj. EBIT1
€24.5 bn€1.6 bn
Rubber Groupadj. EBIT1
€16.1 bn€2.8 bn
Raw material cost impact
Relief of about €150 mn
2016
To increase to >€43.5 bn at constant FX rates>10.5% adj. EBIT1 margin
To increase to >€26 bn at constant FX rates~8.5% adj. EBIT1 margin
To increase to >€17 bn at constant FX rates >15% adj. EBIT1 margin
Raw materials to burden Rubber Group with about €500 mn
2017E
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
1 Before amortization of intangibles from PPA, consolidation (2016 in comparison to 2015) and special effects
impact €150 mn
Special effects -€70 mn
Net interest resultTax rate
-€117 mn28%
CapexPPA
€2.6 bn€144 mn
Free cash flow before acquisitions
€2.3 bn
with about €500 mn
About -€100 mn
~-€200 mn at constant FX rates<30%
Capex at around 6.5% of sales PPA amortization: ~€200 mn
~€2 bn
20
Thank you!
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 21
Disclaimer
› This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the AutomotiveCredit Conference in London, organised by UniCredit on May 17-18, 2017. It has not been independently verified. Itdoes not constitute an offer, invitation or recommendation to purchase or subscribe for any shares or other securitiesissued by Continental AG or any subsidiary and neither shall any part of it form the basis of, or be relied upon inconnection with, any contract or commitment concerning the purchase or sale of such shares or other securitieswhatsoever.
› Neither Continental Aktiengesellschaft nor any of its affiliates, advisors or representatives shall have any liabilitywhatsoever (in negligence or otherwise) for any loss that may arise from any use of this presentation or its contentsor otherwise arising in connection with this presentation.
› This presentation includes assumptions, estimates, forecasts and other forward-looking statements, includingstatements about our beliefs and expectations regarding future developments as well as their effect on the results ofContinental. These statements are based on plans, estimates and projections as they are currently available to themanagement of Continental. Therefore, these statements speak only as of the date they are made, and weundertake no obligation to update publicly any of them in light of new information or future events. Furthermore,
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 22
undertake no obligation to update publicly any of them in light of new information or future events. Furthermore,although the management is of the opinion that these statements, and their underlying beliefs and expectations, arerealistic as of the date they are made, no guarantee can be given that the expected developments and effects willactually occur. Many factors may cause the actual development to be materially different from the expectationsexpressed here. Such factors include, for example and without limitation, changes in general economic and businessconditions, fluctuations in currency exchange rates or interest rates, the introduction of competing products, the lackof acceptance for new products or services and changes in business strategy.
› All statements with regard to markets or market position(s) of Continental or any of its competitors are estimates ofContinental based on data available to Continental. Such data are neither comprehensive nor independently verified.Consequently, the data used are not adequate for and the statements based on such data are not meant to be anaccurate or proper definition of regional and/or product markets or market shares of Continental and any of theparticipants in any market.
› Unless otherwise stated, all amounts are shown in millions of euro. Please note that differences may arise as a resultof the use of rounded amounts and percentages.
Back-up
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
Back-upQ1 2017 Results as of May 9, 2017
23
1) Corporation Highlights Most Important KPIs for Q1 2017
› Sales up by 12% to €11 bn ; organic sales growth at 10%; FX positive at €96 mn
› Adj. EBIT 1 up by 7% to €1.2 bn ; adj. EBIT1 margin at 10.7%(PPA2 -€41 mn and special effects +€12 mn)
› NIAT3 amounted to €750 mn, up by 2% as net interest result was mainly negatively impactedby FX as forecast
› Free cash flow amounted to €133 mn including €231 mn cash outflow for acquisitions (mainly for Hornschuch); free cash flow before acquisitions amounted to €364 mn
› Gearing ratio at 18%; equity ratio improved to 42%
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 24
1 Before amortization of intangibles from PPA, consolidation and special effects2 Amortization of intangibles from PPA3 Attributable to the shareholders of the parent4 Trailing ROCE is calculated as reported EBIT for the last twelve months (LTM) divided by average operating assets for the LTM
› Value creation: trailing ROCE 4 sustained at 20%
› Other topics:
› €750 mn bond with a coupon of 2.5% p.a. redeemed at maturity on March 20, 2017
› Order intake in the Automotive Group increased to more than €9.5 bn in Q1 2017
1) Corporation Highlights Divisional Highlights for Q1 2017
Aut
omot
ive
Gro
up› Chassis & Safety: 9.6% adj. EBIT1 margin (PY: 9.7%); organic sales up by 12.5%;
ADAS unit sales up by 40%; more than 34 mn camera, lidar and radar sensors sold since 2014
› Powertrain: 6.3% adj. EBIT1 margin (PY: 4.0%); organic sales up by 9.5% driven by strong growth in engine ECUs and injector business; operating leverage2 at 29%, displaying solid capacity utilization
› Interior: 8.9% adj. EBIT1 margin (PY: 8.4%); organic sales increased by 11.9% on strong growth in business units Body & Security and Instrumentation & Driver HMI
› Automotive Group: Organic sales increased by 11.3%, exceeding worldwide car production by >6%-points; second quarter sales continue to trend strong; adj. EBIT1 margin increased by 80 bps to 8.4% in a usually slow quarter; order intake in the Automotive Group increased to more than €9.5 bn
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 25
Rub
ber
Gro
up
› Tires: adj. EBIT1 down by 9% as guided; volume growth amounted to 5%; FX contributed 1.5%; price/mixwas +1%; organic sales up by 6.3%Tire markets: PC & LT tire replacement demand in Europe and North America up by 6% and 2%respectively
› ContiTech: adj. EBIT1 margin stayed at 9.6%; organic sales up by 7.6%; ContiTech suffered about €9 mn from first time consolidation of Hornschuch (PPA3 and step-up effects) of which only PPA3 amounting to €1.7 mn is adjusted for in Q1 2017
› Rubber Group: Organic sales up by 6.9% and adj. EBIT1 margin down to 15.1% (PY: 17.2%); raw materials had a negative impact of €100 mn in Q1
1 Before amortization of intangibles from PPA, consolidation and special effects2 Operating leverage is defined as delta adj. EBIT1 divided by delta adjusted sales3 Amortization of intangibles from PPA
1) Corporation Highlights Selected Press Clippings Released Until Recently
ContiTech Presents Digital Solutions for the Conveyor Industry
Growing Faster with New Mobility Services
Go to press release
Continental to equip Cat Off-Highway-Trucks Continental and Caterpillar Inc. have signed an agreement to equip Cat Off-Highway-Trucks (model series 770 to 775) with Continental RDT-Master tires in sizes 18.00R33, 21.00R33 and 24.00R35.
Wet and icy road conditions are frequent causes of
Continental Uses Road Condition Detection for Active Driving Safety
Continental und China Unicom Smart Connection Technology sign a strategic joint venture contract. The New Joint Venture will establish and operate a world class Intelligent Transportation Systems (ITS) solution provider to satisfy the increasing market demands of China.
Go to press release
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 26
International technology company ContiTech is expanding its portfolio of industrial applications for the conveyor belt industry. Alongside conveyor belts, the company is working hard on smart systems and expanding its range of services.
Wet and icy road conditions are frequent causes of accidents. Even experienced drivers can misjudge how well the tires are gripping the road. The international technology company Continental is developing a new solution called Road Condition Observer in response to this threat.
To improve non-verbal communication between drivers and their vehicles, the international technology company Continental has devised a range of user-friendly touch gestures for the cockpit. Drivers can draw specific, defined symbols on the input display to instantly trigger a diverse array of functions and features for rapid access.
Continental Gestures to a Safer FutureNew Continental Control Unit is Control Center in All Mercedes E-Class
Go to press release
Whether it's a gasoline vehicle, diesel vehicle, or a plug-in hybrid: in all models of the new Mercedes E-Class, the central powertrain controller (CPC) from Continental acts as a gateway in taking on the role of the drive's electronic control center.
Go to press release
Go to press release
Go to press release
9,56910,030
9,61810,016 9,851
10,191 9,98410,524
11,000
1,166
1) Corporation Highlights Sales and Adjusted EBIT1 by Quarter
FY Sales €39,232 mnQ1 Sales €11,000 mnAdj. EBIT1 €1,166 mn
FY Sales €40,549 mn
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
1,0901,166
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17
Sales (mn €) Adj. EBIT (mn €)
27
1 Before amortization of intangibles from PPA, consolidation and special effects
1
3,66
9
4,04
5
3,96
8
4,02
2
3,85
2
4,04
5
4,03
8
4,16
4
4,26
0
Sales (mn €) Adj. EBIT (mn €)
5,91
2
5,99
6
5,66
1
6,00
5
6,01
1
6,15
8
5,95
8
6,37
0
6,75
4
Sales (mn €) Adj. EBIT (mn €)
1) Corporation Highlights Automotive Group and Rubber Group by Quarter
1 1
Automotive Group Rubber Group
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
663 628
Q1
/15
Q2
/15
Q3
/15
Q4
/15
Q1
/16
Q2
/16
Q3
/16
Q4
/16
Q1
/17
Q2
/17
Q3
/17
Q4
/17
455
567
Q1
/15
Q2
/15
Q3
/15
Q4
/15
Q1
/16
Q2
/16
Q3
/16
Q4
/16
Q1
/17
Q2
/17
Q3
/17
Q4
/17
28
1 Before amortization of intangibles from PPA, consolidation and special effects
2.0%
5%
8%
GDP growthadvanced
economies 2017
PC & LT prod.growth Europe
ContiTechorganic sales
growth
4%
5%
11%
PC & LT prod.growth Europe
and North America
PC & LT prod. growth ww
AutomotiveGroup organic sales growth
1) Corporation Highlights Growth Profile of the Corporation Q1 2017
Conti
Market
1
Conti
Market
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
12%
11%
15%
Replacement tire volume growth
North America
Replacement tire volume
growth Europe
CommercialVehicle Tires
volume growth
2%
6%
5%
Replacement tire volume growth
North America
Replacement tire volume growth
Europe
Passenger & Light Truck Tires volume growth
29
1 According to IMF definition (WEO Update April 2017)
Conti
Market
Conti
Market
19.5%20.3%
21.6%20.9% 21.1% 21.2%
18.9%20.0% 20.0%
1) Corporation Highlights Sustainable Value Creation
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
17,5
10
18,1
98
18,9
10
19,6
81
19,7
67
19,9
83
20,1
06
20,4
53
20,9
78
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2015 2016 2017
Trailing OA (mn €) Trailing ROCE
30
1 Trailing operating assets are calculated as assets for the last twelve months (LTM)2 Trailing ROCE is calculated as reported EBIT for the last twelve months (LTM) divided by trailing operating assets
1 2
1) Corporation Highlights Maturities for Bonds1 (mn €)As at March 31, 2017
(mn €) FY 16 Q1 17
Gross indebtedness 4,952 4,723
Cash 2,107 1,896
Net indebtedness 2,798 2,768
Available credit lines 3,888 3,862
Total liquidity 5,995 5,758
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
750500
1,350
2017 2018 2019 2020 2021
31
1 All amounts shown are nominal values
Bonds
239
125
203
0
567
9.6%
6.3%
8.9% 8.4%
2,497
2,003
2,294
40
6,754
9.5%
11.9% 11.3%
12.5%
2) Automotive GroupSales and Adj. EBIT1 by Division
Automotive Group Sales (mn €) Q1 2017 Automotive Group Adj. EBIT1 (mn €) Q1 2017
-
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
Chassis & Safety
Powertrain Interior cons. AutomotiveGroup
9.6%
Adj. EBIT margin (%)
Chassis & Safety
Powertrain Interior cons. AutomotiveGroup
12.5%
Organic sales growth (%)
Reported change in sales
› Chassis & Safety: 13.4%
› Powertrain: 10.5%
› Interior: 13.4%
› Automotive Group: 12.4%
32
1
1 Before amortization of intangibles from PPA, consolidation and special effects
› Reported EBITDA: €824 mn (12.2% of sales)
› Reported EBIT: €542 mn (8.0% of sales)
› R&D: €676 mn (10.0% of sales)
› Capex: €287 mn (4.3% of sales)
6,011 6,158 5,958 6,3706,754
455567
7.6%8.4%
2) Automotive GroupQ1 2017: Strong Start to the Year
Automotive Group Sales (mn €) Adj. EBIT1 (mn €) and Adj. EBIT1 Margin
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17
› Sales increased by €743 mn; organic sales growth in Q1 2017 at 11.3%
› Adj. EBIT1 increased by €112 mn; operating leverage2 at 16%
› Adj. EBIT1 margin at 8.4% (PY: 7.6%)
33
+743 +112
1 Before amortization of intangibles from PPA, consolidation and special effects2 Operating leverage is defined as delta adj. EBIT1 divided by delta adjusted sales
1,521
2,756
17
4,260
7.6%
6.3%6.9%
142
4860
628
17.9% 15.1%
3) Rubber Group Profitability Temporarily Impacted by Rising Raw Materials
Rubber Group Sales (mn €) Q1 2017 Rubber Group Adj. EBIT1 (mn €) Q1 2017
-
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
ContiTech Tires cons. Rubber Group
7.6%
Organic sales growth (%)
142
ContiTech Tires cons. Rubber Group
9.6%Adj. EBIT margin (%)
Reported change in sales
› ContiTech: 11.9%
› Tires: 9.7%
› Rubber Group: 10.6%
34
1 Before amortization of intangibles from PPA, consolidation and special effects
1
› Reported EBITDA: €843 mn (19.8% of sales)
› Reported EBIT: €622 mn (14.6% of sales)
› R&D: €105 mn (2.5% of sales)
› Capex: €215 mn (5.0% of sales)
3,852 4,045 4,038 4,164 4,260
663 62817.2%
15.1%
3) Rubber GroupQ1 2017: Challenging Start to the Year
Rubber Group Sales (mn €) Adj. EBIT1 (mn €) and Adj. EBIT1 Margin
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17
› Healthy sales growth on abating pressure from rising raw materials prices; sales increased by €409 mn; organic sales growth at 7%
› Adj. EBIT1 decreased by €35 mn as raw material cost negatively impacted the quarter with about €100 mn; adj. EBIT1 margin at 15.1% (PY: 17.2%)
› First time consolidation of Hornschuch negatively impacted ContiTech EBIT with about €9 mn
35
+409 -35
1 Before amortization of intangibles from PPA, consolidation and special effects
212
227
230
230
266
240
240
235
200
300
400
› Natural rubber price (TSR 20) expected to average U.S. $2.25 in 2017 (PY: U.S. $1.38)
› Synthetic rubber price (butadiene feedstock) forecasted to average U.S. $2.45 in 2017 (PY: U.S. $1.13)
› U.S. $50 mn gross burden expected for every U.S. $10 rise in oil price
3) Rubber GroupExpected Raw Material Price Development in 2017
Raw Material Price Development1
2012 - 2017E (U.S. cents/kg)
1 1 1 1Average (Y)TSR 20: 316
Butadiene: 244
Average (Y)TSR 20: 251
Butadiene: 148
Average (Y)TSR 20: 172
Butadiene: 132
Average (Y)TSR 20: 137
Butadiene: 90
Average (Y)TSR 20: 138
Butadiene: 113
Average (Y)TSR 20: 225
Butadiene: 245
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
212
0
100
Q1/
12Q
2/12
Q3/
12Q
4/12
Q1/
13Q
2/13
Q3/
13Q
4/13
Q1/
14Q
2/14
Q3/
14Q
4/14
Q1/
15Q
2/15
Q3/
15Q
4/15
Q1/
16Q
2/16
Q3/
16Q
4/16
Q1/
17Q
2/17
EQ
3/17
EQ
4/17
E
TSR 20 (U.S. cents/kg) Butadiene (U.S. cents/kg)
for every U.S. $10 rise in oil price (average was U.S. $44 in 2016)
› Headwind from rising rawmaterials cost to amount to about €500 mn in 2017
› Biggest negative impact expected for Q2 2017; PM will start to offset raw material headwinds in course of H2 2017
36
1 Source: Bloomberg and Continental estimates for 2017
2,798
533231
880249
448503
970 2,768
4) Indebtedness and Cash Flow Net Indebtedness Bridge (mn €)
€680 mn outflow from change in working capital
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
Net
in
debt
edne
ss(F
Y 2
016)
Cap
ex
Acq
uisi
tions
Cha
nge
in
rece
ivab
les
Cha
nge
in
inve
ntor
ies
Cha
nge
inpa
yabl
es
Dep
r. an
dam
ortiz
atio
n
Oth
er C
F
Net
in
debt
edne
ss(Q
1 20
17)
37
1 According to cash flow statement incl. intangible assets
change in working capital
1
Gearingratio 19%
18%
4) Indebtedness and Cash Flow Cash Flow Overview
971
489
56786
4
133 36
4
2016 2016 before acquisitions 2017 2017 before acquisitions
Cash Flow Q1 2016 and Q1 2017 (mn €)
-96
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 38
-482
-404
-731 -5
01
Cash flow fromoperating activities
Cash flow used for investing activities
Free cashflow
-106 -203
4) Indebtedness and Cash Flow Net Indebtedness and Gearing Ratio
34% 34% 34%27%
23%26% 24%
19% 18%
Net indebtedness (mn €)
Gearing ratio
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 39
4,09
9
4,23
6
4,29
6
3,54
2
3,08
3
3,44
6
3,29
8
2,79
8
2,76
8
Q1 H1 9M YE Q1 H1 9M YE Q1 H1 9M YE
2015 2016 2017
5.97
15.
708
4.83
07.
170
6.47
16.
101
6.26
78.
187
6.89
66.
200
6.47
38.
240
30%
4.60
15.38
25.
408
4.77
55.
172
5.50
15.
876
4.72
05.
260
5.78
65.
602
4.85
05.
460
5) Outlook 2017PC & LT Production by Quarter in Major Regions1
2015: 20.7
2016E: 21.4
2017E: 21.7
Europe (mn units)
2015: 17.5
2016E: 17.8
2017E: 17.4
North America (mn units)
2015: 23.7
2016E: 27.0
2017E: 27.8
China (mn units)
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
5.70
84.
830
7%
2%
-7%
15%
8% 7%
14%
7%
2%3%
1%
Q1/
15Q
2/15
Q3/
15Q
4/15
Q1/
16Q
2/16
Q3/
16Q
4/16
Q1/
17E
Q2/
17E
Q3/
17E
Q4/
17E
China chg YOY
4.26
74.
521
4.35
04.
363
4.45
64.
601
4.40
94.
360
4.55
04.
400
4.21
04.
220
1% 2%4% 3% 4%
2% 1% 0%2%
-4%-5%-3%
Q1/
15Q
2/15
Q3/
15Q
4/15
Q1/
16Q
2/16
Q3/
16Q
4/16
Q1/
17E
Q2/
17E
Q3/
17E
Q4/
17E
North America chg YOY
5.38
25.
408
4.77
55.
172
5.50
1
4.72
05.
260
5.60
24.
850
5.46
0
4% 3%6% 5%
2%
9%
-1%2%
5%
-5%
3% 4%
Q1/
15Q
2/15
Q3/
15Q
4/15
Q1/
16Q
2/16
Q3/
16Q
4/16
Q1/
17E
Q2/
17E
Q3/
17E
Q4/
17E
Europe chg YOY
40
1Source: IHS and own estimates, Europe excluding Kazakhstan and Uzbekistan
21.417.8
2.8
49.9
21.717.4
2.9
51.0
Europe North America
South America
Asia
2016E 2017E
625 505
80
1,789
613 480
81
1,861
Europe North America
South America
Asia
2016E 2017E
5) Outlook 2017Market Outlook for Major Regions
Commercial Vehicle2 Prod. (k units)
IHS and own estimatesIHS and own estimates
PC & LT1 Production (mn units)
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
23.7 23.213.6
86.9
24.1 23.414.1
90.0
Europe North America
South America
Asia
2016E 2017E
332283
63
431
337287
65
450
Europe North America
South America
Asia
2016E 2017E
America America America America
41
CV Repl.4 Tire Market (mn units)
IHS and own estimates
LMC and own estimates
IHS and own estimates
LMC and own estimates
PC & LT Repl.3 Tire Market (mn units)
1 Passenger car and light truck <6t2 Heavy vehicles >6t3 Passenger car & light truck replacement 4 Commercial vehicle replacement (radial and biased)
5) Outlook 2017Continental Corporation
Consolidated sales adj. EBIT1 margin
€40.5 bn€4.3 bn
Automotive Groupadj. EBIT1
€24.5 bn€1.6 bn
Rubber Groupadj. EBIT1
€16.1 bn€2.8 bn
Raw material cost impact
Relief of about €150 mn
2016
To increase to >€43.5 bn at constant FX rates>10.5% adj. EBIT1 margin
To increase to >€26 bn at constant FX rates~8.5% adj. EBIT1 margin
To increase to >€17 bn at constant FX rates >15% adj. EBIT1 margin
Raw materials to burden Rubber Group with about €500 mn
2017E
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
1 Before amortization of intangibles from PPA, consolidation (2016 in comparison to 2015) and special effects
impact €150 mn
Special effects -€70 mn
Net interest resultTax rate
-€117 mn28%
CapexPPA
€2.6 bn€144 mn
Free cash flow before acquisitions
€2.3 bn
with about €500 mn
About -€100 mn
~-€200 mn at constant FX rates<30%
Capex at around 6.5% of sales PPA amortization: ~€200 mn
~€2 bn
42
Appendix
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
Appendix
43
6) Back-upCorporation Highlights Q1 2017
› Sales
› EBITDA
› EBIT
› NIAT3
› EPS3
› Capex
Increase of 11.7% to €10,999.9 mn (PY: €9,850.7 mn); organic sales up 9.5%
Increase of 8.8% to €1,638.5 mn (PY: €1,505.5 mn)
Increase of 9.1% to €1,135.1 mn (PY: €1,040.7 mn);Adj. EBIT1 increase to €1,165.5 mn (10.7% adj. EBIT1 margin);PPA2 effect -€41.2 mn; total special effects +€12.4 mn
Increase of 2.1% to €749.6 mn (PY: €733.9 mn)
EPS of €3.75 (PY: €3.67)EPS before PPA2 €3.90 (PY: €3.79 before PPA2)
Capex increased to €502.7 mn (PY: €397.8 mn); capex ratio 4.6% of sales; capex
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 44
› Capex
› R&D
› Cash flow
› Net debt
› PaSO
Capex increased to €502.7 mn (PY: €397.8 mn); capex ratio 4.6% of sales; capexto depreciation coverage 1.0x (1.1x ex PPA2)
Expenses for research and development increased by 9.0% to €780.7 mn (PY: €716.1 mn); R&D ratio 7.1% of sales (PY: 7.3%)
Operating cash flow down by €106.5 mn to €864.3 mn; free cash flow at €133.0 mn
Net indebtedness down by €30.2 mn to €2,767.6 mn vs. FY 2016;Liquidity and undrawn credit lines amounted to €5,758.1 mn
Pensions and similar obligations amounted to €4,092.8 mn 1 Before amortization of intangibles from PPA, consolidation and special effects2 Amortization of intangibles from PPA, tax rate of 28% applied for EPS calculation3 Attributable to the shareholders of the parent
6) Back-upOverview of Volume Development
Units (YOY change) Q1/15 H1/15 9M/15 FY 15 Q1/16 H1/16 9M/16 FY 16 Q1/17
Market data for PC and LT productionEurope 4% 3% 4% 4% 2% 5% 3% 3% 5%North America 1% 2% 3% 3% 4% 3% 2% 2% 2%Europe and North America combined 3% 3% 4% 4% 3% 4% 3% 2% 4%Worldwide 2% 1% 2% 2% 2% 3% 3% 4% 5%Continental Electronic Brake Systems (EBS) 8% 6% 5% 5% 0% 4% 6% 6% 13%Boosters -1% -4% -8% -7% -3% -3% -1% 1% 3%EPB-Systems 59% 53% 47% 48% 38% 58% 51% 48% 47%Advanced driver assistance systems (ADAS) 46% 53% 59% 58% 51% 45% 38% 36% 40%Engine electronic control units (ECUs) -1% -3% -5% -5% -2% 3% 6% 8% 12%Injectors -8% -8% -11% -11% -5% -5% 2% 7% 19%Transmissions 6% 2% 0% -1% -1% -1% 1% 1% -2%Turbochargers 59% 45% 50% 43% 23% 24% 18% 17% 45%
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 45
Note: Following products have been replaced in the statistics in order to better reflect current market trends. The ABS (anti-locking brake systems) and ESC (electronic stability control) are included in an electronic brake system (EBS). The sequential decline in unit sales in early 2016 is largely attributable to the change over from MK60 to MK100 brake system. Calipers have been replaced by electronic parking brake systems (EPB Systems) as the former cable puller handbrake is being replaced ever more often by an EPB. The EPB Systems integrate the caliper into the electronic parking brake. This causes a decline in classical caliper sales which is more than compensated by the increase in EPB systems. We sold more than 14 mn EPB systems in 2016.
Market data tiresPC and LT replacement tires Europe -1% 2% 0% 0% 2% 2% 2% 2% 6%PC and LT replacement tires North America -6% 0% 1% 1% 5% 2% 2% 2% 2%
Commercial vehicle tires OE Europe 0% 4% 5% 5% 6% 5% 3% 3% 9%Commercial vehicle tires OE North America 21% 17% 12% 7% -12% -9% -16% -13% -8%Commercial vehicle replacement tires Europe -4% 2% -1% 0% 2% 3% 3% 3% 11%Commercial vehicle replacement tires North America 3% 5% 3% 3% 4% 3% 3% 2% 12%ContinentalPC and LT tires -1% 3% 2% 5% 9% 8% 6% 6% 5%
Commercial vehicle tires -3% 0% 3% 5% 7% 8% 4% 4% 15%ContiTech organic sales growth 2% 4% 4% 4% 3% 2% 2% 2% 8%
6) Back-upKey Historical Credit Metrics
(mn €)1 2013 2014 2015 2016 LTM 2017Statement of Cash FlowsAdjusted EBITDA 2 5,094 5,318 6,094 6,125 6,237Reported EBITDA 5,095 5,134 6,001 6,057 6,190Net cash interest paid -534 -158 -174 -112 -112Tax paid -805 -775 -1,015 -1,047 -1,090
Change in net working capital3 -4 -207 -107 -210 -396
Other4 -30 175 210 250 239Cash flow arising from operating activities 3,722 4,1 68 4,916 4,938 4,832Cash flow arising from investing activities -1,904 -2 ,153 -3,472 -3,167 -3,416 - thereof capex in PPE and intangibles -2,024 -2,110 -2,265 -2,708 -2,833Cash flow before financing activities 1,818 2,015 1,444 1,771 1,415
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 46
1 Amounts shown may contain rounding differences2 Adjusted EBITDA as defined in syndicated loan 3 Includes changes in inventories, trade accounts receivable, trade accounts payable and discounted notes4 Includes dividends received, income from at-equity accounted and other investments, including impairment and reversal of impairment losses, gains / losses from the disposal of assets, companies and business operations, other non-cash items as well as changes in employee benefits and other provisions and in other assets and liabilities
5 Adjusted EBITDA to net cash interest paid
Cash flow before financing activities 1,818 2,015 1,444 1,771 1,415Statement of Financial PositionCash and cash equivalents 2,045 3,244 1,622 2,107 1,896Derivative instruments and interest-bearing investments 303 364 81 48 59Total indebtedness 6,638 6,432 5,245 4,952 4,723Net indebtedness 4,289 2,824 3,542 2,798 2,768Credit RatiosNet indebtedness / adjusted EBITDA 2 0.8x 0.5x 0.6x 0.5x 0.4xNet cash interest paid coverage (Ratio) 5 9.5x 33.7x 35.1x 54.8x 55.8x
357398
503
393431
462
3.7%4.0%
4.6%3.75
0.15 3.90
6) Back-upCapex, Depreciation and EPS Breakdown Q1 2017
Capex, Depreciation and PPA1 (mn €) EPS ex PPA1,2 (€)
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
32 34 41
2015 2016 2017
Capex (PPE), percentage of sales
Depreciation, w/o PPA
PPAEPS reported PPA after tax
per shareEPS excl.
PPA
47
1 Amortization of intangibles from PPA2 Assuming corporate tax rate of 28%
1
1
1
1,2
2
2,136.0 2,201.8
2,497.4
13.9% 13.8% 13.5%
9.7% 9.6%
Sales (mn €) EBITDA margin Adj. EBIT margin› Sales increased by 12.5% before
consolidation and FX effects
› EBITDA increased by €34.1 mn to €336.9 mn (+11.3%)
› Adj. EBIT1 increased by €25.6 mn to €238.9 mn (adj. EBIT1 margin 9.6%)
› EBIT increased by €25.7 mn to
6) Back-upAutomotive Group Financials – Chassis & Safety
Chassis & Safety Q1 20171
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
9.7% 9.6%
2015 2016 2017
› EBIT increased by €25.7 mn to €238.9 mn (EBIT margin 9.6%)
› No PPA effect in Q1 2017
› No special effects in Q1 2017
48
1 Before amortization of intangibles from PPA, consolidation and special effects. Refer to Fact Sheets for further details
1,826.5 1,813.5
2,003.1
9.7% 10.7%
Sales (mn €) EBITDA margin Adj. EBIT margin
6) Back-upAutomotive Group Financials – Powertrain
Powertrain Q1 20171› Sales increased by 9.5% before
consolidation and FX effects
› EBITDA increased by €55.1 mn to €213.9 mn (+34.7%)
› Adj. EBIT1 increased by €52.6 mn to €124.7 mn (adj. EBIT1 margin 6.3%)
› EBIT increased by €50.6 mn to
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
9.7% 8.8%10.7%
4.0%6.3%
2015 2016 2017
49
› EBIT increased by €50.6 mn to €117.1 mn (EBIT margin 5.8%)
› PPA effect in Q1 2017: -€3.0 mn
› Special effects in Q1 2017: -€1.0 mn
1 Before amortization of intangibles from PPA, consolidation and special effects. Refer to Fact Sheets for further details
1,975.2 2,023.0
2,293.9
12.8% 11.7% 11.9%
Sales (mn €) EBITDA margin Adj. EBIT margin› Sales increased by 11.9% before
consolidation and FX effects
› EBITDA increased by €36.2 mn to €273.6 mn (+15.2%)
› Adj. EBIT1 increased by 33.8 mn to €202.9 mn (adj. EBIT1 margin 8.9%)
› EBIT increased by €25.6 mn to
6) Back-upAutomotive Group Financials – Interior
Interior Q1 20171
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
8.4% 8.9%
2015 2016 2017
› EBIT increased by €25.6 mn to €185.7 mn (EBIT margin 8.1%)
› PPA effect in Q1 2017: -€11.6 mn
› No Special effects in Q1 2017
50
1 Before amortization of intangibles from PPA, consolidation and special effects. Refer to Fact Sheets for further details
2,419.8 2,512.7
2,756.3
24.0%26.2%
23.6%
Sales (mn €) EBITDA margin Adj. EBIT margin› Sales increased by 6.3% before
consolidation and FX effects
› EBITDA decreased by €6.8 mn to €651.3 mn (-1.0%)
› Adj. EBIT1 decreased by €45.7 mn to €486.2 mn (adj. EBIT1 margin 17.9%)
› EBIT decreased by €24.9 mn to
6) Back-upRubber Group Financials – Tires
Tires Q1 20171
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
21.2%
17.9%
2015 2016 2017
› EBIT decreased by €24.9 mn to €505.1 mn (EBIT margin 18.3%)
› PPA effect in Q1 2017: -€4.8 mn
› Special effects in Q1 2017: +€13.5 mn
51
1 Before amortization of intangibles from PPA, consolidation and special effects. Refer to Fact Sheets for further details
0%
5%
10%
15%
20%
0%
5%
10%
15%
20%
6) Back-upTires – Passenger and Light Truck Tire Demand
Replacement Tire Demand Development for PC & LT Europe
Replacement Tire Demand Development for PC & LT North America
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
-25%
-20%
-15%
-10%
-5%
Jan-
11
May
-11
Sep
-11
Jan-
12
May
-12
Sep
-12
Jan-
13
May
-13
Sep
-13
Jan-
14
May
-14
Sep
-14
Jan-
15
May
-15
Sep
-15
Jan-
16
May
-16
Sep
-16
Jan-
17
May
-17
PC & LT Tire Replacement (YOY chg. monthly)
Vehicle miles YOY chg. monthly (DOT)
-25%
-20%
-15%
-10%
-5%
Jan-
11
May
-11
Sep
-11
Jan-
12
May
-12
Sep
-12
Jan-
13
May
-13
Sep
-13
Jan-
14
May
-14
Sep
-14
Jan-
15
May
-15
Sep
-15
Jan-
16
May
-16
Sep
-16
Jan-
17
May
-17
PC & LT Tire Replacement (YOY chg. monthly)
52
1 U.S. Department of Transportation
1
0%
10%
20%
30%
0%
10%
20%
30%
6) Back-upTires – Commercial Vehicle Tire Demand
Replacement Tire Demand Development for Truck Tires Europe
Replacement Tire Demand Development for Truck Tires North America
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
-30%
-20%
-10%
Jan-
11
May
-11
Sep
-11
Jan-
12
May
-12
Sep
-12
Jan-
13
May
-13
Sep
-13
Jan-
14
May
-14
Sep
-14
Jan-
15
May
-15
Sep
-15
Jan-
16
May
-16
Sep
-16
Jan-
17
May
-17
Truck tire replacement (YOY chg. monthly)
ATA monthly (adj.) YOY
-30%
-20%
-10%
Jan-
11
May
-11
Sep
-11
Jan-
12
May
-12
Sep
-12
Jan-
13
May
-13
Sep
-13
Jan-
14
May
-14
Sep
-14
Jan-
15
May
-15
Sep
-15
Jan-
16
May
-16
Sep
-16
Jan-
17
May
-17
Truck tire replacement (YOY chg. monthly)
km BAG monthly (adj.)
53
1 BAG = Bundesamt für Güterverkehr2 ATA = American Trucking Association (miles traveled)
21
1,521.4
Sales (mn €) EBITDA margin Adj. EBIT margin› Sales increased by 7.6% before
consolidation and FX effects
› EBITDA increased by €15.2 mn to €191.3 mn (+8.6%)
› Adj. EBIT1 increased by €10.6 mn to 141.6 mn (adj. EBIT1 margin 9.6%)
› EBIT increased by €18.4 mn to €117.1 mn (EBIT margin 7.7%)
6) Back-upRubber Group Financials – ContiTech
ContiTech Q1 20171
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations
1,268.31,359.1
10.2%13.0% 12.6%
9.6% 9.6%
2015 2016 2017
€117.1 mn (EBIT margin 7.7%)
› PPA effect in Q1 2017: -€21.8 mn
› Special effects in Q1 2017: -€0.1 mn
54
1 Before amortization of intangibles from PPA, consolidation and special effects. Refer to Fact Sheets for further details
Fact Sheets 2015 – Q1 2017
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 55
Fact Sheets 2015 – Q1 2017
6) Fact SheetsSales by Quarter
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year
Chassis & Safety 2,136.0 2,142.1 1,999.0 2,172.6 8,449.7 2,201.8 2,246.2 2,176.8 2,352.8 8,977.6 2,497.4
Powertrain 1,826.5 1,819.8 1,657.4 1,764.8 7,068.5 1,813.5 1,841.5 1,775.4 1,889.1 7,319.5 2,003.1
Interior 1,975.2 2,057.0 2,028.2 2,094.4 8,154.8 2,023.0 2,099.8 2,041.2 2,160.7 8,324.7 2,293.9
Tires 2,419.8 2,644.4 2,654.4 2,690.2 10,408.8 2,512.7 2,692.7 2,708.7 2,803.3 10,717.4 2,756.3
ContiTech 1,268.3 1,418.8 1,330.8 1,349.9 5,367.8 1,359.1 1,376.6 1,350.5 1,376.3 5,462.5 1,521.4
Other / Consolidation -56.9 -52.4 -52.2 -56.1 -217.6 -59.4 -65.8 -68.8 -58.2 -252.2 -72.2
Continental Corporation 9,568.9 10,029.7 9,617.6 10,015 .8 39,232.0 9,850.7 10,191.0 9,983.8 10,524.0 40,549.5 10,999.9
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year
Chassis & Safety 3.1 4.9 8.9 8.3 6.2 13.4
Sales (mn €)2015 2016 2017
Changes Y-o-Y in %2016 2017
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 56
Chassis & Safety 3.1 4.9 8.9 8.3 6.2 13.4
Powertrain -0.7 1.2 7.1 7.0 3.6 10.5
Interior 2.4 2.1 0.6 3.2 2.1 13.4
Tires 3.8 1.8 2.0 4.2 3.0 9.7
ContiTech 7.2 -3.0 1.5 2.0 1.8 11.9
Continental Corporation 2.9 1.6 3.8 5.1 3.4 11.7
6) Fact SheetsEBITDA by Quarter
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 YearChassis & Safety 297.3 293.4 268.3 301.3 1,160.3 302.8 312.0 -14.4 354.2 954.6 336.9Powertrain 177.2 183.5 167.3 202.7 730.7 158.8 201.8 175.5 220.1 756.2 213.9Interior 252.9 299.8 252.4 277.1 1,082.2 237.4 252.2 132.5 282.1 904.2 273.6Tires 579.7 734.6 667.7 622.3 2,604.3 658.1 773.4 658.0 739.2 2,828.7 651.3ContiTech 129.2 169.1 159.7 119.2 577.2 176.1 197.2 163.5 194.1 730.9 191.3Other / Consolidation -33.1 -47.1 -23.7 -49.4 -153.3 -27.7 -23.5 -37.7 -28.3 -117.2 -28.5Continental Corporation 1,403.2 1,633.3 1,491.7 1,473.2 6,001.4 1,505.5 1,713.1 1,077.4 1,761.4 6,057.4 1,638.5
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 YearChassis & Safety 13.9 13.7 13.4 13.9 13.7 13.8 13.9 -0.7 15.1 10.6 13.5
EBITDA (mn €)2015 2016 2017
EBITDA margin in %2015 2016 2017
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 57
Chassis & Safety 13.9 13.7 13.4 13.9 13.7 13.8 13.9 -0.7 15.1 10.6 13.5Powertrain 9.7 10.1 10.1 11.5 10.3 8.8 11.0 9.9 11.7 10.3 10.7Interior 12.8 14.6 12.4 13.2 13.3 11.7 12.0 6.5 13.1 10.9 11.9Tires 24.0 27.8 25.2 23.1 25.0 26.2 28.7 24.3 26.4 26.4 23.6ContiTech 10.2 11.9 12.0 8.8 10.8 13.0 14.3 12.1 14.1 13.4 12.6Continental Corporation 14.7 16.3 15.5 14.7 15.3 15.3 16.8 10.8 16.7 14.9 14.9
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 YearChassis & Safety 1.8 6.3 -105.4 17.6 -17.7 11.3Powertrain -10.4 10.0 4.9 8.6 3.5 34.7Interior -6.1 -15.9 -47.5 1.8 -16.4 15.2Tires 13.5 5.3 -1.5 18.8 8.6 -1.0ContiTech 36.3 16.6 2.4 62.8 26.6 8.6Continental Corporation 7.3 4.9 -27.8 19.6 0.9 8.8
Changes Y-o-Y in %2016 2017
6) Fact SheetsEBIT by Quarter
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 YearChassis & Safety 214.9 209.3 181.5 208.6 814.3 213.2 220.3 -107.4 254.7 580.8 238.9Powertrain 96.7 101.0 81.3 116.6 395.6 66.5 108.8 80.3 122.4 378.0 117.1Interior 190.9 234.1 178.7 200.8 804.5 160.1 172.9 51.3 183.5 567.8 185.7Tires 454.0 604.1 536.5 490.6 2,085.2 530.0 645.4 522.3 591.7 2,289.4 505.1ContiTech 54.9 82.3 80.6 -47.2 170.6 98.7 126.7 88.0 85.8 399.2 117.1Other / Consolidation -33.5 -47.5 -24.0 -49.6 -154.6 -27.8 -24.5 -38.2 -28.9 -119.4 -28.8
Continental Corporation 977.9 1,183.3 1,034.6 919.8 4,11 5.6 1,040.7 1,249.6 596.3 1,209.2 4,095.8 1,135.1
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 YearChassis & Safety 10.1 9.8 9.1 9.6 9.6 9.7 9.8 -4.9 10.8 6.5 9.6
EBIT margin in %2015 2016 2017
EBIT (mn €)2015 2016 2017
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 58
Chassis & Safety 10.1 9.8 9.1 9.6 9.6 9.7 9.8 -4.9 10.8 6.5 9.6Powertrain 5.3 5.6 4.9 6.6 5.6 3.7 5.9 4.5 6.5 5.2 5.8Interior 9.7 11.4 8.8 9.6 9.9 7.9 8.2 2.5 8.5 6.8 8.1Tires 18.8 22.8 20.2 18.2 20.0 21.1 24.0 19.3 21.1 21.4 18.3ContiTech 4.3 5.8 6.1 -3.5 3.2 7.3 9.2 6.5 6.2 7.3 7.7
Continental Corporation 10.2 11.8 10.8 9.2 10.5 10.6 12.3 6 .0 11.5 10.1 10.3
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 YearChassis & Safety -0.8 5.3 -159.2 22.1 -28.7 12.1Powertrain -31.2 7.7 -1.2 5.0 -4.4 76.1Interior -16.1 -26.1 -71.3 -8.6 -29.4 16.0Tires 16.7 6.8 -2.6 20.6 9.8 -4.7ContiTech 79.8 53.9 9.2 281.8 134.0 18.6
Continental Corporation 6.4 5.6 -42.4 31.5 -0.5 9.1
Changes Y-o-Y in %2016 2017
6) Fact SheetsAdjusted EBIT1 by Quarter
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 YearChassis & Safety 213.3 238.9Powertrain 72.1 124.7Interior 169.1 202.9Tires 531.9 486.2ContiTech 131.0 141.6Other / Consolidation -27.8 -28.8
Continental Corporation 1,089.6 1,165.5
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 YearChassis & Safety 9.7 9.6
Adj. EBIT ¹ (mn €)2016 2017
Adj. EBIT ¹ margin in %2016 2017
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 59
1 Before amortization of intangibles from PPA, consolidation and special effects
Chassis & Safety 9.7 9.6Powertrain 4.0 6.3Interior 8.4 8.9Tires 21.2 17.9ContiTech 9.6 9.6
Continental Corporation 11.1 10.7
Q1 Q2 Q3 Q4 YearChassis & Safety 12.0Powertrain 73.0Interior 20.0
Tires -8.6ContiTech 8.1
Continental Corporation 7.0
Changes Y-o-Y in %2017
6) Fact SheetsConsolidated Statement of Income
2017 2016 2015
Q1 Q1 Q1
Sales 10,999.9 9,850.7 9,568.9
Cost of sales -8,135.2 -7,249.6 -7,146.1
Gross margin on sales 2,864.7 2,601.1 2,422.8
Research and development expenses -780.7 -716.1 -643.0
Selling and logistics expenses -600.5 -548.0 -520.9
Administrative expenses -297.8 -243.7 -214.5
Other expenses and income -64.4 -69.0 -77.7
Income from at-equity accounted investees 13.8 16.4 11.2
Other income from investments - - 0.0
(mn €)
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 60
Other income from investments - - 0.0
Earnings before interest and tax 1,135.1 1,040.7 977.9
Interest income 23.4 24.8 27.8
Interest expense -107.0 -58.6 -83.5
Net interest result -83.6 -33.8 -55.7
Earnings before tax 1,051.5 1,006.9 922.2
Income tax expense -287.0 -255.8 -244.4
Net income 764.5 751.1 677.8
Non-controlling interests -14.9 -17.2 -21.1
Net income attributable to the shareholders of the parent 749.6 733.9 656.7
Basic earnings per share (in €) 3.75 3.67 3.28
Diluted earnings per share (in €) 3.75 3.67 3.28
6) Fact SheetsConsolidated Statement of Financial Position – Assets
Assets in € millions March 31, 2017 Dec. 31, 2016 March 31, 2016
Goodwill 6,977.1 6,857.3 6,600.9
Other intangible assets 1,620.5 1,514.1 1,298.7
Property, plant and equipment 10,766.8 10,538.1 9,434.9
Investment property 10.3 10.3 15.8
Investments in equity-accounted investees 382.8 384.8 354.6
Other investments 44.0 43.1 39.7
Deferred tax assets 1,819.5 1,836.1 1,815.0
Defined benefit assets 36.8 24.3 16.7
Long-term derivative instruments and interest-bearing investments 17.3 19.7 31.5
Long-term other financial assets 68.0 66.4 49.4
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 61
Long-term other financial assets 68.0 66.4 49.4
Long-term other assets 27.1 26.8 22.8
Non-current assets 21,770.2 21,321.0 19,680.0
Inventories 4,116.5 3,753.2 3,523.0
Trade accounts receivable 8,351.9 7,392.7 7,185.1
Short-term other financial assets 484.6 455.5 465.0
Short-term other assets 1,103.1 989.0 837.5
Income tax receivables 145.8 124.7 141.8
Short-term derivative instruments and interest-bearing investments 42.0 27.8 69.4
Cash and cash equivalents 1,895.7 2,107.0 1,693.8
Assets held for sale 2.0 4.0 10.3
Current assets 16,141.6 14,853.9 13,925.9
Total assets 37,911.8 36,174.9 33,605.9
6) Fact SheetsConsolidated Statement of Financial Position – Total Equity and Liabilities
Equity and Liabilities in € millions March 31, 2017 Dec. 31, 2016 March 31, 2016
Subscribed capital 512.0 512.0 512.0
Capital reserves 4,155.6 4,155.6 4,155.6
Retained earnings 12,284.3 11,534.7 10,215.8
Other comprehensive income -1,700.6 -1,932.3 -1,940.2
Equity attributable to the shareholders of the pare nt 15,251.3 14,270.0 12,943.2
Non-controlling interests 471.1 464.8 418.7
Total equity 15,722.4 14,734.8 13,361.9
Long-term employee benefits 4,356.1 4,392.3 4,306.4
Deferred tax liabilities 444.7 371.5 367.6
Long-term provisions for other risks and obligations 205.5 204.2 179.0
Long-term indebtedness 2,783.2 2,803.7 2,418.8
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 62
Long-term indebtedness 2,783.2 2,803.7 2,418.8
Long-term other financial liabilities 106.2 97.1 45.7
Long-term other liabilities 16.0 17.1 20.7
Non-current liabilities 7,911.7 7,885.9 7,338.2
Short-term employee benefits 1,596.1 1,314.1 1,484.2
Trade accounts payable 6,760.1 6,248.0 5,707.3
Income tax payables 829.0 783.6 736.9
Short-term provisions for other risks and obligations 1,198.2 1,146.4 793.4
Short-term indebtedness 1,939.4 2,148.6 2,459.2
Short-term other financial liabilities 1,111.0 1,187.3 1,017.5
Short-term other liabilities 843.9 726.2 706.8
Liabilities held for sale — — 0.5
Current liabilities 14,277.7 13,554.2 12,905.8
Total equity and liabilities 37,911.8 36,174.9 33,605.9
6) Fact SheetsConsolidated Statement of Cash Flows
1
In € millions 2017 2016Net income 764.5 751.1Income tax expense 287.0 255.8Net interest result 83.6 33.8EBIT 1,135.1 1,040.7Interest paid -47.6 -46.4Interest received 6.8 5.4Income tax paid -260.3 -217.4Dividends received 10.2 15.0Depreciation, amortization, impairment and reversal of impairment losses 503.4 464.8Income from equity-accounted investees and other investments, incl. impairment and reversal of impairment losses -13.8 -16.4Gains/losses from the disposal of assets, companies and business operations -18.1 -1.3Changes in
inventories -248.6 -199.5trade accounts receivable -879.5 -575.3trade accounts payable 448.4 281.3employee benefits and other provisions 338.5 241.2
January 1 to March 31
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 63
employee benefits and other provisions 338.5 241.2other assets and liabilities -110.2 -21.3
Cash flow arising from operating activities 864.3 970.8
Cash flow from the disposal of property, plant and equipment, and intangible assets 13.4 4.2Capital expenditure on property, plant and equipment, and software -502.7 -397.8Capital expenditure on intangible assets from development projects and miscellaneous -30.3 -10.5Cash flow from the disposal of companies and business operations 19.1 —Acquisition of companies and business operations -230.8 -77.7Cash flow arising from investing activities -731.3 -481.8
Cash flow before financing activities (free cash fl ow) 133.0 489.0Change in indebtedness -361.7 -380.0Successive purchases -0.6 -2.2Dividends paid to and cash changes from equity transactions with non-controlling interests -0.4 -0.7Cash and cash equivalents arising from first-time consolidation of subsidiaries 0.6 0.6Cash flow arising from financing activities -362.1 -382.3
Change in cash and cash equivalents -229.1 106.7Cash and cash equivalents at the beginning of the reporting period 2,107.0 1,621.5Effect of exchange-rate changes on cash and cash equivalents 17.8 -34.4Cash and cash equivalents at the end of the reporti ng period 1,895.7 1,693.8
6) Fact SheetsQ1 2017 Results Reported and Adjusted (mn €) – by Division
2016 2017 2016 2017 2016 2017 2016 2017 2016 2017 2016 2017 2016 2017
Sales 2,201.8 2,497.4 1,813.5 2,003.1 2,023.0 2,293.9 2,512.7 2,756.3 1,359.1 1,521.4 -59.4 -72.2 9,850.7 10,999.9
EBIT 213.2 238.9 66.5 117.1 160.1 185.7 530.0 505.1 98.7 117.1 -27.8 -28.8 1,040.7 1,135.1in % of sales 9.7% 9.6% 3.7% 5.8% 7.9% 8.1% 21.1% 18.3% 7.3% 7.7% 10.6% 10.3%
Amortization of intangible assets from PPA 0.1 0.0 2.1 3.0 9.0 11.6 1.9 4.8 20.9 21.8 0.0 0.0 34.0 41.2
Total special effects 0.0 0.0 3.5 1.0 0.0 0.0 0.0 -13.5 11.4 0.1 0.0 0.0 14.9 -12.4
Total consolidation effects 0.0 0.0 0.0 3.6 0.0 5.6 0.0 -1 0.2 0.0 2.6 0.0 0.0 0.0 1.6
Total consolidation & special effects 0.0 0.0 3.5 4.6 0. 0 5.6 0.0 -23.7 11.4 2.7 0.0 0.0 14.9 -10.8
Interior CorporationChassis & Safety Powertrain Tires ContiTech Cons./Corr.
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 64
1 Before amortization of intangibles from PPA, consolidation and special effects
Adjusted operating result (adj. EBIT) 1 213.3 238.9 72.1 124.7 169.1 202.9 531.9 486.2 131.0 141.6 -27.8 -28.8 1,089.6 1,165.5in % of adjusted sales 9.7% 9.6% 4.0% 6.3% 8.4% 8.9% 21.2% 17.9% 9.6% 9.6% 11.1% 10.7%
6) Fact SheetsQ1 2017 Results Reported and Adjusted (mn €) – by Group
2016 2017 2016 2017 2016 2017 2016 2017
Sales 6,011.0 6,754.0 3,851.7 4,260.4 -12.0 -14.5 9,850.7 10,999.9
EBIT 439.8 541.7 628.7 622.2 -27.8 -28.8 1,040.7 1,135.1in % of sales 7.3% 8.0% 16.3% 14.6% 10.6% 10.3%
Amortization of intangible assets from PPA 11.2 14.6 2 2.8 26.6 0.0 0.0 34.0 41.2
Total special effects 3.5 1.0 11.4 -13.4 0.0 0.0 14.9 -12.4
Total consolidation effects 0.0 9.2 0.0 -7.6 0.0 0.0 0.0 1.6
Automotive Rubber Cons./Corr. Corporation
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 65
1 Before amortization of intangibles from PPA, consolidation and special effects
Total consolidation effects 0.0 9.2 0.0 -7.6 0.0 0.0 0.0 1.6
Total consolidation & special effects 3.5 10.2 11.4 -21 .0 0.0 0.0 14.9 -10.8
Adjusted operating result (adj. EBIT) 1 454.5 566.5 662.9 627.8 -27.8 -28.8 1,089.6 1,165.5in % of adjusted sales 7.6% 8.4% 17.2% 15.1% 11.1% 10.7%
ContinentalShare Data/ADR DataShare Data
Type of share No-par value share
Bloomberg Ticker CON
Reuters Ticker CONG
German Security Identification Number (WKN) 543 900
ISIN DE0005439004
Shares outstanding as at March 31, 2017 200,005,983
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 66
ADR Data
Ratio (ordinary share: ADR) 1:5
Bloomberg Ticker CTTAY
Reuters Ticker CTTAY.PK
ISIN US2107712000
ADR Level Level 1
Exchange OTC
Sponsor Deutsche Bank Trust Company Americas
ContinentalBond Data
Issuer Continental AGContinental Rubber of America, Corp.1
Continental AG Continental AG
Issue Senior Notes Senior Notes Senior Notes Senior Notes
Principal amount €750 mn €500 mn €600 mn €750 mn
Offering price 98.950% 99.739% 99.410% 99.228%
Rating at issuancedate
Ba2 (Moody’s4)BB (S&P)BB (Fitch2)
BBB (S&P)BBB (Fitch)
BBB+ (S&P)BBB+ (Fitch)
Ba1 (Moody’s4)BB (S&P)BBB (Fitch2)
Current corporation and bond ratings 3
BBB+ (Fitch), BBB+ (S&P), Baa1 (Moody’s 4)
Coupon 3.0% p.a. 0.5% p.a. 0.0% p.a 3.125% p.a.
Issue date July 16, 2013 November 19, 2015 December 5, 2016 September 9, 2013
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 67
1 Guaranteed by Continental AG2 Non-contracted rating at date of issuance3 Fitch since October 24, 2016; S&P since May 11, 2016; Moodyʼs since June 30, 20154 Non-contracted rating since February 1, 2014
Issue date July 16, 2013 November 19, 2015 December 5, 2016 September 9, 2013
Maturity July 16, 2018 February 19, 2019 February 5, 2020 September 9, 2020
Interest paymentSemi annualJanuary 16/July 16
AnnualFebruary 19,commencing on February 20, 2017
Not applicable AnnualSeptember 9
WKN A1X24V A1Z7C3 A2DARM A1X3B7
ISIN XS0953199634 DE000A1Z7C39 XS1529561182 XS0969344083
Denomination€1,000 with min. tradable amount €1,000
€1,000 with min. tradable amount €1,000
€1,000 with min. tradable amount €1,000
€1,000 with min. tradable amount €1,000
6) Fact SheetsContinental’s Credit Rating
BBB+ / Baa1
BBB / Baa2
BBB- / Baa3
BB+ / Ba1
S&P, Fitch / Moody’sStandard & Poor’s1 Moody’s2 Fitch3
Inve
stm
ent
Gra
de
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 68
1 Contracted rating since May 19, 20002 Non-contracted rating since February 1, 20143 Contracted rating since November 7, 2013
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
BB+ / Ba1
BB / Ba2
BB- / Ba3
B+ / B1
B / B2
Before Siemens
VDO
Non
-Inv
estm
ent
Gra
de
ReferencesUseful Links
Continental Investor Relations website http://www.continental-ir.com
Annual and interim reports http://www.continental-corporation.com/www/portal_com_en/themes/ir/financial_reports/
2016 Fact Book http://www.continental-corporation.com/www/portal_com_en/themes/ir/financial_reports/
Investor Relationsevents and presentations
http://www.continental-corporation.com/www/portal_com_en/themes/ir/events/
Sustainability at Continental (presentation and fact sheet for
http://www.continental-ir.com
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 69
(presentation and fact sheet for investors)
Corporate Social Responsibility http://www.continental-sustainability.com
Corporate Governance Principles http://www.continental-corporation.com/www/portal_com_en/themes/ir/corporate_governance/
Continental shares http://www.continental-corporation.com/www/portal_com_en/themes/ir/share/
Continental bonds and rating http://www.continental-corporation.com/www/portal_com_en/themes/ir/bonds/
Continental IR mobile website http://continental.ir-portal.de
ContinentalFinancial Calendar
2017
Preliminary figures for fiscal 2016 January 9, 2017
Annual Financial Press Conference March 2, 2017
Annual Shareholders’ Meeting (incl. key data for Q1 2017) April 28, 2017
Q1 Financial Report May 9, 2017
Half-Year Financial Report August 3, 2017
Nine-Month Financial Report November 9, 2017
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 70
2018
Preliminary figures for fiscal 2017 January 2018
Annual Financial Press Conference March 2018
Annual Shareholders’ Meeting (incl. key data for Q1 2018) April 27, 2018
Q1 Financial Report May 2018
Half-Year Financial Report August 2018
Nine-Month Financial Report November 2018
ContactEquity and Debt Markets Relations
Vahrenwalder Str. 930165 HanoverGermanyE-mail: [email protected]: +49 511 938 1080 www.continental-ir.com
Rolf WollerHead of IRPhone: +49 511 938 1068E-mail: [email protected]
Jana Cross
Michael SaemannAnalysts, Institutional Investors and Sustainability InvestorsPhone: +49 511 938 1307E-mail: [email protected]
Klaus PaeslerAnalysts, Institutional Investors, ADR and Private Investors Phone: +49 511 938 1316 E-mail: [email protected]
Sabine ReeseSustainability, ASM, CMD Organization, IR Website, Capital Market Disclosure Requirements
UniCredit – Automotive Credit ConferenceLondon – May 17-18, 2017EDMR – Equity and Debt Markets Relations 71
Jana CrossAssistant to the Head of IRRoadshow and Conference OrganizationPhone: +49 511 938 1163E-mail: [email protected]
Capital Market Disclosure RequirementsPhone: +49 511 938 1027 E-mail: [email protected]
Marvin KalberlahSocial MediaPhone: +49 511 938 14034E-mail: [email protected]