Fact Book Fiscal Year 2009
I. Continental at a Glance
Equity and Debt Markets Relations Fact Book FY 2009 2 / © Continental AG
Continental at a Glance Continental AG, based in Hanover, Germany. The company was founded in 1871. It operates worldwide as an automotive supplier with sales of € 20,095.7 mn in 2009. Continental employees numbered 134,434 at the end of 2009. Acquisitions in the fields of brakes and chassis (Teves 1998) as well as electronic technologies (Temic 2001) have transformed Continental from a pure rubber based manufacturer into a leading automotive technology supplier. With the acquisition of Phoenix in 2004, Continental became one of the world’s largest non-tire rubber product manufacturers. Acquisition of Motorola’s automotive electronic business in 2006 took active/passive safety competence of our Automotive Systems division to the next level and improved market position in North America. With the acquisition of Siemens VDO Automotive AG in 2007, Continental is now an integrated automotive supplier of system solutions for powertrain and safety technologies as well as information management and has improved its market position in Europe, North America and Asia. Equity and Debt Markets Relations Fact Book FY 2009 3 / © Continental AG
Continental at a Glance Executive Board – 160 Years of Experience Supervisory Board headed by Prof. Dr. Wolfgang Reitzle Dr. Elmar Degenhart
Chief Financial Officer
Quality & Environment, Corp. Com.
Finance, Controlling, Law, IT
17 years of industry experience
23 years of industry experience
Heinz-Gerhard Wente
Dr. Ralf Cramer
RUBBER GROUP
Director of HR and Labor relations 30 years of industry experience Nikolai Setzer Passenger and Light Truck Tires Division 13 years of industry experience Dr. Hans-Joachim Nikolin
Commercial Vehicle Tires Division, Purchasing 20 years of industry experience
Equity and Debt Markets Relations Fact Book FY 2009
AUTOMOTIVE GROUP
Chairman of the Executive Board
ContiTech Division
4 / © Continental AG
Wolfgang Schäfer
Chassis & Safety Division 14 years of industry experience José Avila Powertrain Division 20 years of industry experience Helmut Matschi Interior Division 23 years of industry experience
Continental at a Glance Leading Global Position in Key Automotive Electronics Applications Chassis & Safety
Powertrain
Interior
Actuation
Diesel Injection Systems
Body & Security Products
Advanced Driver Assistant Systems
Gasoline Injection Systems
CV Interiors
Airbag Electronics
Transmission Control Units
Device Connectivity Units
Electronic Brake Systems (“EBS”) Foundation Brake Systems
Double Clutch Transmission control units
Embedded Telematics Instrumentation and Displays Multimedia Systems
Sales 2009 % of total
€ 4,373.6 mn 22%
ESC* installation rate by region (%)
89%
Sales 2009 % of total
€ 3,399.2 mn 17%
Gasoline Direct Injection Systems installation rate by region (%)
€ 4,362.7 mn 21%
CCE** Electronics market ($bn) .3% CAGR = 7
35%
99% 26%
75%
63%
Sales 2009 % of total
25.6 18.0
11% 4%
EU
NAFTA
2009
Equity and Debt Markets Relations Fact Book FY 2009 5 / © Continental AG
EU
NAFTA
2014E
EU
NAFTA
2009
EU
NAFTA
2014E
2009E
2014E
Source: Global Insight, The Freedonia Group * Electronic Stability Control (“ESC”) is a type of Electronic Brake Systems ** Comfort, convenience and entertainment
Continental at a Glance Leading Global Position in Tire and Non-Tire Rubber Passenger and Light Truck Tires Europe overall
Commercial Vehicle Tires Europe overall
ContiTech Automotive hoses & hose lines
Europe OE
Europe OE
Automotive interior trim
Europe Winter Tires
Europe Industrial Tires
Conveyor belts
North America among Top 5
North America among Top 5
Marine & oil hoses & hose lines Multiple V-ribbed belts & timing belts Railway air springs Truck & bus air springs
Sales 2009 % of total
€ 4,696.4 mn 23%
Sales breakdown
Sales 2009 % of total
€ 1,065.6 mn 5%
Sales breakdown
OE 23%
Sales 2009 % of total
Sales breakdown
OE 15%
Non-OE 50%
Non-OE 77%
Equity and Debt Markets Relations Fact Book FY 2009 6 / © Continental AG
€ 2,406.1 mn 12%
Non-OE 85%
OE 50%
Continental at a Glance Continental Corporation – Sales / Net income* (€ million) ¼HGB
¼IFRS
¼US GAAP
24,239 20,096 16,619
9,132
Sales EBIT NIAT**
5,719
6,743
322
398
165
1997
138
1998
607 235
1999
10,115
533 205
2000
11,233
694
7 / © Continental AG
11,534
855
12,597
1,157
33 226 -258
2001
* From 1998 until 2003 US GAAP / from 2004 onwards IFRS ** Net income attributable to the shareholders of the parent under IFRS since 2004 *** Since December 1, 2007 including Siemens VDO Equity and Debt Markets Relations Fact Book FY 2009
11,408
2002
314
2003
716
2004
13,837
14,887
1,507
1,602
1,676
930
982
1,021
2005
2006
-296 -1,040 -1,124
-1,649
2007 *** 2008
2009
Continental at a Glance Continental Corporation Worldwide Nearly 190 sites for production and R&D in 39 countries. Headquarters in Hanover, Germany.
Status: December 2009 Equity and Debt Markets Relations Fact Book FY 2009 8 / © Continental AG
Continental at a Glance Development of Consolidated Sales by Region 24.2
(€ billion)
20.1
4% 10% 5%
16.6
14%
Other Countries
14.9
13.8
18%
3% 8%
3% 3%
19%
7% 20%
7%
21%
Asia
36%
21% 34%
36%
37%
37%
Rest of Europe Germany
31% 34%
2005 Equity and Debt Markets Relations Fact Book FY 2009 9 / © Continental AG
32%
2006
NAFTA Region
29%
31%
2007*
2008
2009
* Since December 2007 incl. Siemens VDO
Continental at a Glance Development of Consolidated Sales by Division 24.2
(€ billion)
12%
20.1
6%
16.6 21%
14.9 13.8
12% 5%
18% 23% 19%
20%
9%
21%
32%
29% 31%
Passenger and Light Truck Tires
22%
Chassis & Safety
17%
Powertrain
16% 28%
38%
Commercial Vehicle Tires
Automotive Systems**
10% 10%
ContiTech
40% 7%
24%
21%
Interior
9%
2005 Equity and Debt Markets Relations Fact Book FY 2009 10 / © Continental AG
2006
2007*
2008
2009
* Since December 2007 incl. Siemens VDO ** Until 2006
Continental at a Glance Number of Employees by Region 151,654 139,155
5% 12%
5%
6% 13%
17% 16%
85,224
79,849
134,434
14% 14%
Asia
5%
5% 10% 15% 31%
Other Countries
11%
32%
17%
33%
33%
NAFTA Region Rest of Europe
32%
Germany 34% 39%
2005
33%
33%
35%
2006
2007*
2008
2009 * Since December 2007 incl. Siemens VDO
Equity and Debt Markets Relations Fact Book FY 2009 11 / © Continental AG
Continental at a Glance Number of Employees by Division 151,654 139,155
134,434
16% 6%
ContiTech 16% 6%
17%
79,849
85,224
26%
19%
19%
2005 Equity and Debt Markets Relations Fact Book FY 2009 12 / © Continental AG
35%
2006
Passenger and Light Truck Tires
20%
Chassis & Safety 21%
18%
31%
31%
20%
Commercial Vehicle Tires
Automotive Systems**
10% 29%
6%
18%
28% 10%
16%
22%
2007*
22%
2008
18%
20%
2009
Powertrain Interior
* Since December 2007 incl. Siemens VDO ** Until 2006
II. Continental Strategy
Equity and Debt Markets Relations Fact Book FY 2009 13 / © Continental AG
Continental Strategy Systematic Entrepreneurial Approach Safety
Environment
Increasing supplier share of value chain
Leading market position Growth in electronics – 85% through suppliers
Sales non-OE > 40%
Growth in difficult markets
Partnership with customers
Information Equity and Debt Markets Relations Fact Book FY 2009 14 / © Continental AG
Cost consciousness
Value creation
Globalization
Affordable Cars
Continental Strategy Megatrend Environment: Key Drivers for Zero Emissions
Equity and Debt Markets Relations Fact Book FY 2009 15 / © Continental AG
Continental Strategy Reduction of CO2 Emissions*: Solutions by Continental 20-24%
Clean Diesel (SCR**) Diesel direct injection
18-22% 5-20%
Hybrid electric vehicle Gasoline direct injection
5-15%
Telematics, ACC, ADAS
5%
Energy management (AES***)
5%
Tires (rolling resistance, TPMS) Powertrain (DCT)
2-5% 4%
Transmission (POD****)
3%
Energy management (POD****)
1-2%
Brake Systems
1-2%
* ** *** ****
Saving potential compared with gasoline port fuel injection Euro 4 Selective Catalytic Reduction Advanced Energy Supply Power-on-demand
Equity and Debt Markets Relations Fact Book FY 2009 16 / © Continental AG
Continental offers a broad range of technologies to reduce CO2 emissions Continental products currently in series production are capable to reduce CO2 emissions already by about 26 g/km Europe and US: Huge potential with fuel direct injection systems Future potential from turbocharger and Telematics technology Continental is among top 3 suppliers in the world for CO2 reducing technologies
Continental Strategy EU, NHTSA and ECCJ Initiatives – Towards Cleaner Mobility EU*
EU sets average CO2 emissions from 2012 at 130 g/km (currently 160 g/km) by means of improvement in vehicle technology From 2020 onwards the target is 95 g of CO2/km for new car fleet From 2012 onwards excess emissions fine for not meeting targets
USA**
NHTSA and EPA to establish a National Fuel Efficiency Policy (NFEP):
Japan***
ECCJ targets to improve fuel efficiency standards by 23.5% in 2015 vs. 2004:
Increase CAFE from 25 mpg to 35.5 mpg by 2016 for passenger cars and light trucks combined
Increase average level of fuel efficiency from 13.6 km/l to 16.8 km/l for passenger cars
Target is equivalent to reduce CO2 from 210 g/km to 180 g/km
Target is equivalent to reduce CO2 from 170 g/km to 140 g/km
From 2020 onwards the CAFE target is equivalent to 130g/km
Emerging markets likely to follow Europe/USA/Japan on fuel consumption standards * ** ***
Regulation (EC) No 443/2009 Refer to the joint proposal of NHTSA and EPA May 2009 and President Obama´s NFPE; The White House, May 19, 2009 Refer to “Law on Rationalization of Energy Use” of the Ministry of Economics, Trade and Industry
Equity and Debt Markets Relations Fact Book FY 2009 17 / © Continental AG
Continental Strategy Megatrend Safety: Development of Road Safety in Europe EU road fatalities
75.346 70.674 65.441
63.903
63.155 59.401
60.267
58.982
57.728 56.459 54.314 53.331 54.314
EU fatalities 1991
1992
1993
1994
18 / © Continental AG
48.279
47.266
45.262
45.312
42.960 42.492 39.093
42.244
39.227
36.209
33.192
30.174
27.157
EU target to halve the number of fatalities by 2010 1995
Source: CARE (EU road accident database) Equity and Debt Markets Relations Fact Book FY 2009
51.297
50.355
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Continental Strategy EU and NHTSA Initiatives – Towards Safer Mobility EU
Mandatory equipment of: ESC by November 2014 for all new small passenger cars and light vehicles & some new heavy duty vehicles*
USA***
NHTSA: ESC mandatory for all cars sold in the US / installation rate
Advanced emergency brake system, lane departure warning for all new large passenger and heavy duty vehicles by November 2015* Tire Pressure Monitoring System (TPMS) by November 2014 for all passenger cars and light duty vehicles* Requirements on frontal protection systems for small passenger cars and light-duty vehicles starting November
2009: 55% 2010: 75% 2011: 95%
2009** Emergency brake assist for all new small passenger cars and certain light duty vehicles by November 2011**
Emerging markets likely to follow Europe/USA on ESC regulation * Regulation (EC) No 661/2009; starting 2011; ** Regulation (EC) No 78/2009; starting 2009; small passenger cars for maximum 8 passengers *** Refer to Federal Motor Vehicle Safety Standard No. 126 of the National Highway Traffic Safety Administration 04/2007 Equity and Debt Markets Relations Fact Book FY 2009 19 / © Continental AG
Continental Strategy ContiGuard®: Safety Solutions by Continental
Equity and Debt Markets Relations Fact Book FY 2009 20 / © Continental AG
Continental Strategy EU Directive on Labeling of Tires* Directive comes into force starting November 2012 Passenger car and van tires shall be equipped with a sticker on the tire tread displaying external rolling noise measured value, fuel efficiency and, for passenger tires, on top the wet grip class EU member states can provide incentives for tires which are, with respect to wet grip and fuel efficiency class “C” or better EU member states are responsible for the market surveillance and specification of penalties for noncompliance EU commission has to review this regulation within five years
Tire complies with 2012 noise limit
*
Regulation (EC) No 661/2009
Equity and Debt Markets Relations Fact Book FY 2009 21 / © Continental AG
Continental Strategy Truck Tire Technology for Lowest Overall Driving Costs Continental has started a worldwide initiative to launch new products Latest tire generation reduced rolling resistance coefficient a further 8% Continental’s focus is on overall driving costs ,
*
* Net price of diesel Equity and Debt Markets Relations Fact Book FY 2009 22 / © Continental AG
ContiCostCalculator (CCC) is a tool certified by DEKRA (a worldwide certification authority) to calculate the overall operational costs for fleet customers By comparing mileage, retreads, fuel consumption and payload, the CCC tool shows that Continental’s new products lead to the lowest overall driving costs
Continental Strategy Megatrend Information: Solutions by Continental Information management in the vehicle for driver and passengers
Driver & passengers 1
With our intuitive and ergonomic HMI, we capture commands, prioritize and present information. 3
We manage and optimize the information flow by systems integration of components.
Vehicle 2
We add new functions by providing a connection to the outside world as well as value-added services.
Devices Equity and Debt Markets Relations Fact Book FY 2009 23 / © Continental AG
Infrastructure Services
Other cars
Continental Strategy Definition of “Low Cost/Affordable Car“
Germany: VW Fox
Eastern Europe: Dacia Logan
China: Chery QQ
€10,000 Low Cost Car Mature Market
India: Maruti 800
€5,000 Low Cost Car Emerging Market India: Tata Nano
€1,700 Western Europe Equity and Debt Markets Relations Fact Book FY 2009 24 / © Continental AG
Japan
Eastern Europe
China
India
Continental Strategy Affordable Cars* – Mobility for Everyone Europe
Dacia – Sandero 09E-14E (k units)
Source: Global Insight Q3 2009
Emerging Asian Countries
* Trend to affordable cars would be qualified as market trend Equity and Debt Markets Relations Fact Book FY 2009 25 / © Continental AG
Continental Strategy “Sales Non-OE > 40%” Non-OE
OE 33% of sales outside OE in 2009
Non-OE 33%
OE 67%
ContiTech (12% of total sales)
Commercial Vehicle Tires (5% of total sales)
Passenger and Light Truck Tires (23% of total sales)
Chassis & Safety 33%
ContiTech 9%
Commercial Vehicle Tires 1%
Equity and Debt Markets Relations Fact Book FY 2009 26 / © Continental AG
Powertrain 25% Interior 24%
Passenger and Light Truck Tires 8%
Interior (21% of total sales)
50%
50%
15%
85%
23%
77%
75%
Powertrain (17% of total sales)
100%
Chassis & Safety (22% of total sales)
100%
25%
Continental Strategy “Cost Consciousness” – Production in Best-Cost Countries Europe
85%
68% 56%
30% 27% 27%
68% 69%
60%
27% 20% 15% 15% 13%
26% 21% 23%
Rest of World
15%
81%
Chassis & Safety*
Powertrain*
Interior* 2007
PLT** 2008
CVT** 2009
72%
ContiTech*
65%
62% 55%
68%
62% 65%
57%
51% 45%
42%
45%
31% 23% 23%
19% 11%
Chassis & Safety*
* Based on sales Equity and Debt Markets Relations Fact Book FY 2009 27 / © Continental AG
** Based on units
Powertrain*
Interior* 2007
PLT** 2008
CVT** 2009
ContiTech*
III. Continental Corporation
Equity and Debt Markets Relations Fact Book FY 2009 28 / © Continental AG
Continental Corporation Consolidated Key Figures (€ million)
2007*
2008
2009
16.619,4 2.490,6 1.675,8
24.238,7 2.771,4 -296,2 1.747,0
20.095,7 1.591,2 -1.040,4 1.165,8
7,3
5,8
-154,2 -471,7 -29,3 1.020,6 6,79
-706,7 -75,0 -45,6 -1.123,5 -6,84
-720,8 154,3 -42,3 -1.649,2 -9,76
R&D expense
834,8
1.498,2
1.356,3
in % of sales
5,0
6,2
6,7
896,9
1.595,2
860,1
5,4
6,6
4,3
814,8
3.067,6
2.631,6
4,9 27,1
12,7 1.341,4
13,1 993,0
-10.625,6
628,5
1.640,3
15,9
-1,5
-6,5
Sales EBITDA EBIT EBIT adjusted 1) in % of sales 1)
Net interest expense Income tax expense Minority interests NIAT** Earnings per share (in €)
Capex
2)
in % of sales
Depreciation & amortization in % of sales thereof impairment4)
Free Cash Flow ROCE (avg.) in %
3)
* Since December 2007 incl. Siemens VDO ** Net income atrributable to the shareholders of the parent 1) EBIT w/o amortization of intangibles from PPA, consolidation and special effects; sales before changes in the scope of consolidation 2) Capex including software 3) Excluding write-downs of investments 4) 2008: including goodwill impairment of € 1,230.0 mn 2009: including goodwill impairment of € 875.8 mn Equity and Debt Markets Relations Fact Book FY 2009 29 / © Continental AG
Continental Corporation Sales, EBITDA & EBITDA margin 24,238.7
(€ million)
-17.1%
16,619.4
Adj. EBITDA FY 2008 € 3,001.3 mn
Sales
-42.6%
2,771.4 EBITDA
20,095.7
Adj. EBITDA FY 2009 € 2,353.6 mn
2,490.6 1,591.2
EBITDA margin
15.0%
FY 07 adj. EBIT adj. EBIT margin
11.4%
FY 08 1,747.0 * 7.3%
* EBIT w/o amortization of intangibles from PPA, consolidation (€ -20.0 mn) and special effects (€ -1,517.0 mn) ** EBIT w/o amortization of intangibles from PPA, consolidation (€ -3.1 mn) and special effects (€ -1,747.9 mn) Equity and Debt Markets Relations Fact Book FY 2009 30 / © Continental AG
7.9% FY 09 1,165.8 ** 5.8%
Continental Corporation Adj. EBIT Walk-Down (€ million)
872.1
1,165.8 5.8%
875.8
447.4
Powertrain
367.0
Chassis & Safety
-5.2%
*
Amortization of intangibles from PPA incl. impairments on intangible assets from PPA
Equity and Debt Markets Relations Fact Book FY 2009 31 / © Continental AG
Consolidation effect
Goodwill impairment
PPA*
Reported EBIT 2009
-1,040.4
Of which a.o.: Clairoix & Traiskirchen € 220 mn Huntsville € 83 mn Stöcken € 46 mn CT Fluid € 33 mn Karben € 32 mn Babenhausen € 31 mn Autonet € 74 mn Termination payments € 117 mn
Adjusted EBIT 2009
455.2
Interior
Additional special effects
61.4
3.1
Continental Corporation Equity Bridge 2008 to 2009 Net loss € -1,649.2 mn
Completed Jan. 28, 2010
1,050.0 318.2
5,111.7
5,529.9
(€ million)
22.4% Equity ratio
875.8
42.6 0
138.4
4,061.7
455.2
22.2%
*
Amortization of intangibles from PPA
Equity and Debt Markets Relations Fact Book FY 2009 32 / © Continental AG
Pro forma YE 2009
Capital Increase
Equity YE 2009
Others
F/X
Dividend
Goodwill impairment
PPA after tax*
Net income before PPA* and Goodwill impairment
Equity YE 2008
17.6%
Continental Corporation Net Indebtedness Walk-Down (FY 2008 to FY 2009) € 475.6 mn purchase of 24.9% of shares of ContiTech AG by CTA
273.9 859.4
97.8
€ 112.1 refund of CTA € 95.1 mn qualified as non-plan assets
549.8 319.1
chg. in working capital € 595.0
714.8 143.8 52.3
7,845.5
0.0
8,895.5
10,483.5
(€ million)
1,143.9 189.6%
1,050.0
*
Of subsidiaries and management units
Equity and Debt Markets Relations Fact Book FY 2009 33 / © Continental AG
Pro forma after Capital Increase
Capital Increase
Net debt (FY 2009)
F/X and other
Other FCF
Disposals
Chg. in pension liab.
Chg. in payables
Chg. in inventories
Chg. in receivables
Acquisitions
Capex
Dividend 2008
Net debt (FY 2008)
153.5%
Continental Corporation Net Indebtedness & Gearing Ratio
Interest result YE 2009 € -720.8 mn: Interest income: € 30.3 mn Interest expenses: € -768.6 mn Positive F/X effects: € 17.5 mn (mainly not cash effective) 225.9% 219.0% 210.0%
(€ million) IFRS
189.6%
153.5%
30.0% 13.0%
1,168.6
25.1%
8,895.5
1,899.0
9,464.8
58.9%
9,746.6
2,601.1
11,041.5
110.7%
10,483.5
158.3%
10,856.4
Equivalent to 168.2% 189.0% under IFRS accounting
186.1%
1,181.0
7,845.5
US-GAAP
881.1 493.2 517.7
525.0
32.8
29.5
28.2
20.4
6.9
0.4
0.1
0.1
13.7
YE
YE
YE
YE
YE
YE
YE
YE
Q1
H1
9M
YE
2001
2002
2003
2004
2005
2006
2007
2008
Off balance sheet debt * Including net proceeds from capital increase in Jan 2010 in the amount of € 1.05 bn Equity and Debt Markets Relations Fact Book FY 2009 34 / © Continental AG
Net indebtedness
2009 Gearing Ratio
13.7
Pro Forma
617.5
*
Continental Corporation Financial Indebtedness - Maturity Scheme YE 2009
(€ million)
5,575
Cash
4,745
8,025
1,713
Total maturities 2010 € 1,245 mn thereof Tranche D € 684 mn due in 08/2012
Cash
1,713 Fully available credit lines
2,196
298 2010 2011
29
19
48
2012 2013 2014 Later
Cash and undrawn (fully committed) credit lines amounted to € 3.9 bn at YE 2009 Tranche D amounted to € 684 mn at YE 2009 and is now accounted as maturity in 2010 but will not become due before Aug 2012 * FSF will pay down outstanding amounts under Tranche B in August 2010 Equity and Debt Markets Relations Fact Book FY 2009 35 / © Continental AG
Pro-forma for capital increase and Forward Start Facility
2,450
Fully available credit lines
FSF € 2,450 mn; Net proceeds from capital increase of appr. € 1,050 mn
2,196
5,575
1,245 684 561
298
2010
2011
2012
29
19
48
2013
2014
Later
2012 maturities from VDO facility as of today: Tranche C € 5.0 bn Tranche D at drawn amount FSF* € 2.45 bn
Continental Corporation Purchasing / Production Materials 2009 Total production material purchased in 2009 € 8.2 bn (70% of total purchased volume)
Purchasing Contracts: ► We are aiming for long-term contracts
Components (e.g. electronic and sensor modules, electro mechanical and mechanical components)
Oil Based Chemical Products (e.g. synthetic rubber, carbon black)
► Oil derivatives for chemical products cause a time difference until realization in purchase price of 2-6 months from spot price.
48%
► Main sources for natural rubber are
14%
Thailand, Malaysia and Indonesia.
5% 14%
Natural Rubber Others (textiles, plastics, brake pads)
Equity and Debt Markets Relations Fact Book FY 2009 36 / © Continental AG
with our strategic suppliers.
19%
► Continental has a wide range of Metal Parts (e.g. drawn and turned parts)
worldwide sources for production materials.
IV. Market Data
Equity and Debt Markets Relations Fact Book FY 2009 37 / © Continental AG
Market Data Increasing Installation Rates of Electronic Brake Systems Installation Rates for Passenger Cars & Light Trucks North America
Europe 100%
100% EBS
80%
80% ESC
60%
EBS
ESC
60% 40%
40% 20%
20%
ABS/TCS
ABS/TCS
0%
0% 2007
2008
2009
2010
2011
2012
2013
Japan
100%
2007
2014
2009
EBS
2011
60%
40%
40%
0%
2013
2014
ABS/TCS
20%
ABS/TCS
2012
EBS
80%
60% ESC
2010
China*
100%
80%
20%
2008
ESC
0% 2007
2008
2009
Source: Continental Estimates Equity and Debt Markets Relations Fact Book FY 2009 38 / © Continental AG
2010
2011
2012
2013
2014
2007
2008
2009
2010
2011
2012
2013
2014
*Excl. local trucks
Market Data Installation Rates of Fuel Injection Systems* Installation Rates Passenger Cars & Light Trucks Europe
100% 80%
80% Diesel injection
60% 40%
Gasoline port fuel injection
20% 0%
Gasoline port fuel injection
60% Gasoline direct injection
40% 20%
Gasoline direct injection
North America
100%
Diesel injection
0%
2007 2008 2009 2010 2011 2012 2013 2014
Japan
100% 80%
Gasoline port fuel injection
2007 2008 2009 2010 2011 2012 2013 2014
80%
60%
60%
40%
40%
20%
Diesel injection
Gasoline direct injection
China
100%
20%
Gasoline port fuel injection
Diesel injection
Gasoline direct injection
0%
0% 2007 2008 2009 2010 2011 2012 2013 2014 Source: Continental Estimates Equity and Debt Markets Relations Fact Book FY 2009 39 / © Continental AG
2007 2008 2009 2010
2011 2012 2013 2014
*Based on production of diesel and gasoline engines
Market Data Increasing Installation Rates of Double Clutch Transmission* Installation Rates Passenger Cars & Light Trucks Europe
100%
MT= Manauel Transmission
80%
80% DCT= Double Clutch Transmission
60% 40%
CVaT=Continous Variable Transmission
20%
AT= Automatic Transmission
DCT
40%
CVaT MT
20%
0%
AMT
0%
2007
2008
2009
100%
2010
2011
2012
2013
2014
2007
2008
2009
100%
Japan
80%
40%
AT
60%
AMT= Automated Manuel Transmission
60%
North America
100%
2010
2011
2012
2013
2014
China
80%
AT
MT
60%
MT
20% AMT
CVaT
40%
CVaT
AT
20%
DCT
0%
AMT
DCT
0%
2007
2008
2009
Source: Continental Estimates Equity and Debt Markets Relations Fact Book FY 2009 40 / © Continental AG
2010
2011
2012
2013
2014
2007
2008
2009
2010
2011
2012
2013
2014
*Based on production of gearboxes
Market Data Increasing Installation Rates of Embedded Telematics*
40%
30% North America 20%
Japan 10%
Europe China
0% 2008 Source: Continental Estimates Equity and Debt Markets Relations Fact Book FY 2009 41 / © Continental AG
2009
2010
2011
2012
2013
2014 *Based on sales (units)
Market Data Increasing Installation Rates of Keyless Entry Systems* Europe
100% 80% 60%
100% 80%
Active keyless entry systems
40%
20%
20% Passive keyless entry systems
Japan Active keyless entry systems
60%
Passive keyless entry systems
0%
2007 2008 2009 2010 2011 2012 2013 2014
80%
Active keyless entry systems
60%
40%
0%
North America
2007 2008 2009 2010 2011 2012 2013 2014
80%
China
60% Active keyless entry systems
40%
40%
20% Passive keyless entry systems 0%
20% Passive keyless entry systems 0%
2007 2008 2009 2010 2011 2012 2013 2014 Source: Strategy Analytics Equity and Debt Markets Relations Fact Book FY 2009 42 / © Continental AG
2007 2008 2009 2010 2011 2012 2013 2014 *Based on sales (units)
Market Data Increasing Installation Rates of Multimedia Systems* Europe
100%
100%
80%
80% Radio
60%
Radio
60%
40%
40%
20%
20% Multimedia systems
0%
Japan
Multimedia systems
0% 2007 2008 2009 2010 2011 2012 2013 2014
2007 2008 2009 2010 2011 2012 2013 2014 100%
North America
100%
China
80%
80% 60%
Radio
60%
Radio
40%
40% Multimedia systems
20% 0%
20%
Multimedia systems
0% 2007 2008 2009 2010 2011 2012 2013 2014
Source: Continental Estimates Equity and Debt Markets Relations Fact Book FY 2009 43 / © Continental AG
2007 2008 2009 2010 2011 2012 2013 2014 * Navigation stand-alone system and navigation systems with enriched multimedia functions
Market Data Production of Light Vehicles* 2008 – 2011 (in million units)
2008
2009
2010
2011
Western Europe Eastern Europe NAFTA South America Asia Africa & Middle East
14.6 6.6 12.6 3.8 28.7 1.9
11.9 4.9 8.5 3.6 28.2 1.8
11.8 4.8 10.2 3.8 30.6 1.8
12.7 5.5 11.8 4.0 33.3 2.0
Total
68.2
58.8
63.0
69.3
Source: Global Insight and Continental estimates Equity and Debt Markets Relations Fact Book FY 2009 44 / © Continental AG
* Estimates for 2009-2011 for passenger cars and light trucks < 6 tons (including vans)
Market Data Production of Heavy Vehicles* 2008 – 2011 (in thousand units)
2008
2009
2010
2011
Western Europe Eastern Europe NAFTA South America Asia
548 197 353 193 1,415
196 71 210 129 1,241
269 94 250 141 1,356
429 147 356 167 1,529
Total
2,706
1,846
2,110
2,628
Source: Global Insight and Continental estimates Equity and Debt Markets Relations Fact Book FY 2009 45 / © Continental AG
* Estimates for 2009-2011 for trucks > 6 tons
Market Data World Light Vehicle Tire Sales* 2008 - 2012 (in million units)
Americas NAFTA South America
Europe Western Europe Central Europe Eastern Europe
Asia Oceania Africa Middle East & Turkey Total
2008
2009
2010
2011
2012
392
358
375
401
422
322 70
292 66
305 70
328 73
344 78
375
342
347
367
396
274 36 65
263 34 45
260 35 52
271 38 58
283 40 73
352 21 32 63
338 19 31 64
361 20 33 68
395 21 35 74
433 23 37 82
1,234
1,151
1,203
1,294
1,392
Source: LMC World Tyre Forecast Service, September 2009 and Continental estimates Equity and Debt Markets Relations Fact Book FY 2009 46 / © Continental AG
* Estimates for 2009-2012 for OE and Replacement
Market Data Medium and Heavy Truck Tire Sales* 2008 - 2012 (in million units)
2008
2009
2010
2011
2012
Americas
37
31
34
38
41
NAFTA South America
23 14
19 12
21 13
24 14
26 15
Europe
28
20
21
25
28
Western Europe Central Europe Eastern Europe
14 2 11
10 2 8
10 2 9
12 2 10
14 3 12
Asia Oceania Africa Middle East & Turkey
74 2 6 10
71 2 6 10
74 2 6 10
82 2 6 11
89 2 7 12
156
139
147
163
179
T otal Source: LMC World Tyre Forecast Service, September 2009 Equity and Debt Markets Relations Fact Book FY 2009 47 / © Continental AG
* Estimates for 2009-2012 for OE and Replacement
Market Data Replacement Tire Market – Sales Outlook (in million units) Replacement of passenger, light truck and 4x4 tires 256.7
252.9
Replacement of truck tires
269.6
66.3
247.1 224.6
59.9 59.2
206.4
17.8 16.4 212.5 205.3
203.2
64.2
57.6
12.5 69.3
48.9
51.0
53.7
2009*
2010*
2011*
North America Asia Western Europe Eastern/Central Europe South America Source: LMC World Tyre Forecast Service, September 2009 and Continental estimates Equity and Debt Markets Relations Fact Book FY 2009 48 / © Continental AG
15.2
10.5 8.7 6.9 2009*
11.3 9.4
7.3 2010*
10.7
7.9 2011*
Asia North America South America Eastern/Central Europe Western Europe * Estimates
V. Automotive Group
Equity and Debt Markets Relations Fact Book FY 2009 49 / © Continental AG
Automotive Group Key Figures 2007*
2008
2009
7,295.9 903.7
14,900.0 1,428.8
12,042.4 608.9
12.4
9.6
5.1
504.3
-1,205.8
-1,561.6
6.9
-8.1
-13.0
824.6
192.0
5.7
1.6
6,364.6
14,734.3
12,015.9
7.9
-8.2
-13.0
R&D expense
623.9
1,276.2
1,144.3
in % of sales
8.6
8.6
9.5
474.9
1,095.6
538.1
6.5
7.4
4.5
399.4
2,634.6
2,170.5
5.5 6.8
17.7 1,327.5
18.0 949.0
(€ million) Sales EBITDA in % of sales
EBIT in % of sales
EBIT adjusted
1)
in % of sales
1)
Operating Assets (avg.) ROCE (avg.) in %
Capex
2)
in % of sales
Depreciation & amortization in % of sales 4) thereof impairment
3)
* Since December 2007 incl. Siemens VDO 1) EBIT w/o amortization of intangibles from PPA, consolidation and special effects; sales before changes in the scope of consolidation 2) Capex including software 3) Excluding write-downs of investments 4) 2008: including goodwill impairment of € 1,230.0 mn 2009: including goodwill impairment of € 875.8 mn Equity and Debt Markets Relations Fact Book FY 2009 50 / © Continental AG
Automotive Group Financials (€ million) Automotive Group: Sales by division and organic growth
4,362.7 -23.1%
Adj. EBIT* and adj. EBIT* margin by division
12,042.4
- 93.1
-17.2%
3,399.2
353.4 8.1%
-10.8%
Organic sales growth
56.4
4,373.6
-6.5%
-15.4%
-218.0
C&S
PT
I
cons.
W/o amortization of intangibles from PPA, consolidation and special effects
Equity and Debt Markets Relations Fact Book FY 2009 51 / © Continental AG
1.3%
192.0 1.6%
total
C&S *
0.2
PT
I
cons.
total
Automotive Group Sales Structure by Region Sales in 2009: € 12.0 bn
Asia 18%
Others 5%
Germany 31%
NAFTA 18% Rest of Europe 28%
Equity and Debt Markets Relations Fact Book FY 2009 52 / © Continental AG
V.1. Chassis & Safety
Equity and Debt Markets Relations Fact Book FY 2009 53 / © Continental AG
Chassis & Safety Business Structure Chassis & Safety Electronic Brake Systems ● Hydraulic-electronic control units (HECU) - ABS - ESC - MAB/MIB ● Software functions - Regenerative brake system - Hill start assist - Hill descent control - Deflation detection system - Hydraulic brake assist - Trailer stability program
Equity and Debt Markets Relations Fact Book FY 2009 54 / © Continental AG
Hydraulic Brake Systems ● ● ● ● ● ● ● ●
Calipers & discs Drum brakes Brake hoses Boosters Tandem master cylinders Electric parking brakes Pedal modules Brake pressure regulators
Sensorics
● ● ● ● ● ● ● ● ● ●
Wheel speed sensors Transmission speed sensors Engine speed sensors Sensor clusters Inertial measuring units Torque sensors Steering angle sensors Buckle switch sensors Chassis sensors Seat position sensors
Passive Safety & ADAS ● Airbag control units with & w/o roll over sensors ● Hybrid gateways ● Pre-crash sensors ● Force sensor interfaces ● Occupant classification systems ● Advanced driver assistance systems: - Adaptive cruise control - Collision mitigation system - Lane keeping assistance - Lane change assistance using: - RADAR - LIDAR - CAMERA - Sensor fusion ECU
Chassis Components
● Electronic control units (ECU) for: - ABS & ESC (tier 1 customer) - Chassis control management - Damping control - Dynamic roll stabilization - Electric parking brake ● Accelerator force feedback pedal ● Active rear axle kinematics ● Steering electronic control unit ● Steering power pack ● Suspension systems & components (e. g. air spring module, air supply unit, suspension ECU, sensors) ● Washer systems and components (e.g. hose, nozzle, pump, reservoir) for HLC & windshield washer
Chassis & Safety Key Figures 2007*
2008
2009
4,648.6 796.4
5,134.0 789.9
4,373.6 601.6
17.1
15.4
13.8
567.0
303.1
-102.5
12.2
5.9
-2.3
512.0
353.4
10.0
8.1
2,876.6
4,494.4
4,034.0
19.7
6.7
-2.5
R&D expense
347.5
423.6
380.8
in % of sales
7.5
8.3
8.7
279.8
336.0
159.5
6.0
6.5
3.6
229.4
486.8
704.1
4.9 5.1
9.5 150.6
16.1 370.4
(€ million) Sales EBITDA in % of sales
EBIT in % of sales
EBIT adjusted
1)
in % of sales
1)
Operating Assets (avg.) ROCE (avg.) in %
Capex
2)
in % of sales
Depreciation & amortization in % of sales 4) thereof impairment
3)
* Since December 2007 incl. Siemens VDO 1) EBIT w/o amortization of intangibles from PPA, consolidation and special effects; sales before changes in the scope of consolidation 2) Capex including software 3) Excluding write-downs of investments 4) 2008: including goodwill impairment of € 145.2 mn 2009: including goodwill impairment of € 367.0 mn Equity and Debt Markets Relations Fact Book FY 2009 55 / © Continental AG
Chassis & Safety Financials (€ million) Sales
5,134.0 4,648.6
4,373.6 -14.8%
EBITDA
796.4
789.9 601.6
EBITDA margin
17.1%
FY 07
15.4%
13.8%
FY 08
FY 09
adj. EBIT
512.0 *
353.4 **
adj. EBIT margin
10.0%
8.1%
*
EBIT w/o amortization of intangibles PPA, consolidation (€ 5.4 mn) and special effects (€ -156.4 mn)
**
EBIT w/o amortization of intangibles PPA, consolidation (€ 0.0 mn) and special effects (€ -402.9 mn)
Equity and Debt Markets Relations Fact Book FY 2009 56 / © Continental AG
-23.8%
Chassis & Safety Sales Structure by Region Sales in 2009: € 4.4 bn
Asia 20%
Others 3%
NAFTA 16%
Rest of Europe 26% Equity and Debt Markets Relations Fact Book FY 2009 57 / © Continental AG
Germany 35%
Chassis & Safety Market Position for Electronic Brake Systems 2009 North America
Europe TRW 10%
Bosch 42%
Others 4%
Continental 44%
Bosch 37%
TRW 9%
Continental 28%
Continental 32% Bosch 34%
Asia/Pacific Mando 8%
Others 13% Continental 23%
Others 11%
Others 5%
South America
Bosch 47%
TRW 16%
World Nissin Kogyo Mobis 3% Mando 4% 4% Advics 9%
TRW 17%
Advics 8%
TRW 3%
Advics 20% Bosch 22%
Nissin Kogyo 7%
Mobis 5%
Continental 22% Others 13%
Source: Continental Estimates Equity and Debt Markets Relations Fact Book FY 2009 58 / © Continental AG
Chassis & Safety Market Position for Foundation Brake Systems 2009 North America
Europe Mando Others 2% 11% TRW 40%
Advics 13%
Continental 33%
Bosch 14%
Mando Akebono 6% 7%
Continental 50%
Source: Continental Estimates Equity and Debt Markets Relations Fact Book FY 2009 59 / © Continental AG
Continental 9%
World
Bosch 22%
TRW 17%
Others 24%
Continental 17%
TRW 24%
South America TRW 35%
Others 21%
Akebono 13%
Advics 10%
Bosch 13%
Mando 5%
Asia/ Pacific
Bosch 12%
Continental * 3% Bosch 6%
Others 39%
Others 2% Mando 10%
* Continental market share would be 8% including SAIC JV
Akebono 12%
Advics 20%
TRW 10%
Chassis & Safety Market Position for Actuation 2009 North America
Europe Others 14%
Advics 12%
TRW 21%
Bosch 24%
Continental 41%
KDAC Mando Nissin Kogyo 5% Others 8% 5% 7% Continental 25%
Bosch 25%
TRW 13%
World Advics 9%
KDAC 4%
TRW 13%
South America Bosch 23%
TRW 23%
Others 2% Continental 52%
Mando Nissin Kogyo 4% 6% Others 18% Bosch 23%
Continental 23%
SABS Nissin Kogyo 6% 9%
Equity and Debt Markets Relations Fact Book FY 2009 60 / © Continental AG
Others 20% Bosch 21%
Mando 13% KDAC 6%
Source: Continental Estimates
Asia/Pacific
Advics 16%
TRW 4%
Continental 5%
Chassis & Safety Market Position for Airbag Electronics 2009 Europe
North America TRW 16%
Autoliv 19% Bosch 24%
Denso 6%
Others 2%
Delphi 10%
Others 8%
TRW 22%
Continental 39%
Continental 19%
World TRW 16%
South America
Bosch 6%
Autoliv 6%
TRW 17%
Denso 12%
Asia/Pacific Bosch 18%
Keihin 10%
Equity and Debt Markets Relations Fact Book FY 2009 61 / © Continental AG
Others 9%
Denso 29%
Continental 61%
Source: Continental Estimates
Bosch 11%
Autoliv 24%
Continental 26%
Autoliv 16%
Others 10%
Keihin Others 4% 8%
TRW 13%
Continental 16%
Autoliv 10%
Bosch 13%
Chassis & Safety Growing Sales Volume for Electronic Brake Systems (million units worldwide)
Model Selection
18
Europe
16 14 12
ESC
BMW 1 Series / 3 Series Landrover Freelander Mercedes C Class / S Class Ford Focus / Fiesta Opel Astra VW Golf Peugeot 207 Seat Altea Volvo S80 / V70
10 NAFTA Dodge Caravan / Voyager Ford Explorer / Escape Jeep Wrangler GM Cruze / Equinox Nissan Frontier Toyota Tundra VW Jetta
8 6 4
ABS/TCS
2
19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12
0
Source: Continental Estimates Equity and Debt Markets Relations Fact Book FY 2009 62 / © Continental AG
Asia Daewoo Windstorm Honda Accord Mazda Axela Suzuki Wagon R Mitsubishi Lancer Subaru Legacy
Chassis & Safety Manufacturing Sites: Germany & Rest of Europe Germany
Rest of Europe
Bebra
Washer systems
Adrspach, Czech Rep.
Washer systems
Frankfurt
Electronic brake systems (e.g. ESC, ABS)
Boussens, France
Speed sensors
Dortmund
Speed sensors, buckle switch sensors
Budapest, Hungary
EBS control units, sensor clusters
Gifhorn
Tandem master cylinders, calipers, brake hose assemblies, brake valves, valve blocks, suspension modules & systems
Cairo Montenotte, Italy
Drum brakes
Ebbw Vale, UK
Calipers, drum-in-hat brakes
Hanover
Suspension systems components (bellows)
Frenstat, Czech Rep.
Speed sensors
Ingolstadt
Airbag control units, camera, airbag sensors
Jičín, Czech Republic
Brake boosters, tandem master cylinders
Karben
Sensor clusters, ABS control units, electric parking brake (EPB) control units, chassis electronics
Mechelen, Belgium
Electronic brake systems, wheel speed sensors
Korbach
Brake hoses
Palmela, Portugal
Calipers
Nuremberg
EPB control units, radar, chassis electronics
Sibiu, Romania
Electric parking brake control unit, airbag control units
Regensburg
Airbag control units, pressure satellites, acceleration satellites, crash impact sound sensing, occupant classification systems, camera, radar, steering ECU, chassis electronics
Toulouse, France
ABS control units, chassis electronics
Timişoara, Romania
Airbag control units, EPB control units
Veszprém, Hungary
Speed sensors, sensor clusters, chassis sensors, torque sensors, steering angle sensors
Zvolen, Slovakia
Calipers
Rheinböllen
Calipers
Equity and Debt Markets Relations Fact Book FY 2009 63 / © Continental AG
Chassis & Safety Manufacturing Sites: America & Asia America
Asia
Ciudad Juarez, Mexico
Speed sensors, washer systems
Cuautla, Mexico
EBS control units, airbag control units
Guadalajara, Mexico
Airbag control units, occupant classification systems, ABS control units
Culpeper, VA, USA
Speed sensors, airbag control units, ABS control units
Changshu, China
Calipers, brake valves, tandem master, wheel cylinders, brake boosters, drum brakes
Calamba, Philippines
Chassis sensors, sensor clusters, airbag sensors, chassis electronics, speed sensor elements
Cheongwon, S. Korea
Speed sensors, buckle switch sensors, ABS control units
Gurgaon, India
Calipers, brake boosters, reservoirs, drum brakes
Hamakita, Japan
Electronic brake systems
Hiroshima, Japan
Calipers, brake valves, tandem master and wheel cylinders, brake boosters
Ichon, S. Korea
Airbag control units , ABS control units
Lian Yun Gang, China
Speed sensors
Manesar, India
Speed sensors
Manila, Philippines
EBS control units
Penang, Malaysia
EPB control units
Shanghai, China
EBS control units
Tandem master cylinders, valve blocks
Henderson, NC, USA
Calipers, drum-in-hat-brakes, brake corners
Las Colinas, Mexico
Brake boosters, tandem master cylinders
Morganton, NC, USA
Electronic brake systems, suspension modules & systems
Salto, Brasil
Speed sensors
Seguin, TX, USA
Chassis electronics
Silao, Mexico
Speed sensors
Varzea Paulista, Brazil
Brake boosters, calipers, brake valves, drum-in-hat brakes, drum brakes, tandem master cylinders, cylinders, brake hose assemblies
Equity and Debt Markets Relations Fact Book FY 2009 64 / © Continental AG
Changchun, China
Chassis & Safety Selected Cooperations & Joint Ventures Asia
Europe Fit Automoción S.A. Bergara, Spain
Calipers
Alphapeak Ltd. Lichfield, UK
Engineering services & prototypes
South Africa Alfred Teves Brake Systems (PTY) Ltd.* Boksburg, South Africa
* Licensee Equity and Debt Markets Relations Fact Book FY 2009 65 / © Continental AG
Calipers, brake boosters, cylinders, drum brakes
Shanghai Automotive Brake Systems Co. Ltd. (SABS), Shanghai, China
Electronic brake systems, brake boosters, tandem master cylinders, calipers, brake hose assemblies
Continental Teves Taiwan Co. Ltd.
Tandem master cylinders, wheel cylinders, clutch cylinders, calipers, electronic brake systems
Jilin Automotive Brake Factory (JABF)* Changchun, China
Brake boosters, master cylinders
Aisin Seiki Co, Ltd.* Karia City, Japan
Block steel valve, ABS, TCS
Omron Co.* Kamaki City, Japan
Acceleration sensors (LIDAR)
San Yes Automotive Industry Co. Ltd.* Tainan, Taiwan
Tandem master cylinders, wheel cylinders, clutch cylinders
Mando India (MBSI)* Chennai, India
Calipers, brake boosters, tandem master cylinders, brake reservoirs
Toklan Toos Ind. Mfg. Co.* Mashad, Iran
ABS, brake boosters, tandem master cylinders, brake reservoirs
Hema Indüstri A.S.* Istanbul, Turkey
Brake boosters, tandem master cylinders, wheel cylinders, calipers, drum brakes, brake valves
V.2. Powertrain
Equity and Debt Markets Relations Fact Book FY 2009 66 / © Continental AG
Powertrain Business Structure Powertrain
Engine Systems
Engine management systems and fuel components for ● Diesel piezo common rail injection systems ● Gasoline piezo direct injection ● Gasoline solenoid direct injection ● Gasoline port fuel injection ● Liquefied petroleum gas (LPG) and compressed natural gas (CNG) Engine management systems and aftertreatment controller for commercial vehicles applications Turbocharger
Equity and Debt Markets Relations Fact Book FY 2009 67 / © Continental AG
Transmissions
Control Units for ● Automatic transmission ● Double clutch transmission ● Automated manual transmission ● Continuously variable transmission
Hybrid & Electric Vehicle System and components for HEV applications ● Power electronic ● Electric motor ● Energy management and Battery systems Power net systems
Control Units for four- and all wheel drive applications ● Transfer cases ● Differentials ● Limited slip coupling
Sensors & Actuators
Actuators ● Electronic throttle control ● Air control valve ● General purpose actuator ● Electric Pumps ● Digital linear actuator ● Emission management ● Exhaust actuators
Sensor for powertrain applications ● NOx, MAF, transmission sensor modules, position ● Pressure, temperature, knock, cylinder pressure ● Flex fuel, oil level, oil quality Door handle sensors
Fuel Supply
Components and modules for fuel supply management ● Fuel pumps ● Level sensors ● In-tank venting systems ● Electronics for demand regulation ● Fuel supply modules
Powertrain Key Figures 2007*
2008
2009
1,177.0 5.9
4,040.0 81.6
3,399.2 -13.3
0.5
2.0
-0.4
-73.5
-1,046.2
-943.2
-6.2
-25.9
-27.7
-188.9
-218.0
-5.0
-6.5
1,592.9
4,610.8
3,401.8
-4.6
-22.7
-27.7
R&D expense
144.9
420.1
328.8
in % of sales
12.3
10.4
9.7
129.6
494.4
247.2
11.0
12.2
7.3
79.4
1,127.8
929.9
6.7 1.4
27.9 653.3
27.4 488.0
(€ million) Sales EBITDA in % of sales
EBIT in % of sales
EBIT adjusted
1)
in % of sales
1)
Operating Assets (avg.) ROCE (avg.) in %
Capex
2)
in % of sales
Depreciation & amortization in % of sales 4) thereof impairment
3)
* Since December 2007 incl. Siemens VDO 1) EBIT w/o amortization of intangibles from PPA, consolidation and special effects; sales before changes in the scope of consolidation 2) Capex including software 3) Excluding write-downs of investments 4) 2008: including goodwill impairment of € 609.6 mn 2009: including goodwill impairment of € 447.4 mn Equity and Debt Markets Relations Fact Book FY 2009 68 / © Continental AG
Powertrain Financials (€ million)
4,040.0
Sales
3,399.2 -15.9%
81.6
EBITDA
-116.3%
1,177.0 5.9 EBITDA margin
0.5%
2.0%
FY 08
-0.4% FY 09
adj. EBIT
-188.9 *
-218.0 **
adj. EBIT margin
-5.0%
-6.5%
FY 07
*
EBIT w/o amortization of intangibles PPA, consolidation (€ -2.2 mn) and special effects (€ -659.2 mn)
**
EBIT w/o amortization of intangibles PPA, consolidation (€ -1.8 mn) and special effects (€ -548.1 mn)
Equity and Debt Markets Relations Fact Book FY 2009 69 / © Continental AG
-13.3
Powertrain Sales Structure by Region Sales in 2009: € 3.4 bn
Asia 21%
Others 1%
Germany 28%
NAFTA 20%
Rest of Europe 30% Equity and Debt Markets Relations Fact Book FY 2009 70 / © Continental AG
Powertrain Market Position for Diesel Injection Systems 2009* World Delphi 11% Denso 12%
Others 4%
Continental 17% Bosch 56%
Asia**
Europe Delphi 11% Bosch 60%
Source: Continental Estimates Equity and Debt Markets Relations Fact Book FY 2009 71 / © Continental AG
Denso 7%
Delphi 16%
Others 5% Continental 17%
* For passenger cars & light trucks
Denso 35%
Others 2% Continental 2%
Bosch 45%
** Japan, South Korea, China, India, Thailand
Powertrain Market Position for Gasoline Injection Systems 2009* North America
Europe
Bosch 44%
Others Hitachi 7% 6% Magneti Marelli 5% Denso Continental 4% 34%
Hitachi 7%
Denso 16%
Bosch 13%
Delphi 10%
Keihin 12%
Magneti Marelli Others 3% 9%
Bosch 28%
Denso 17%
Continental 21%
South America Delphi 25%
Magneti Marelli 32%
Source: Continental Estimates Equity and Debt Markets Relations Fact Book FY 2009 72 / © Continental AG
Asia** Others 17%
Bosch 20%
Others 6%
Continental 22%
World Keihin 6%
Hitachi 8%
Delphi 22%
Hitachi 8%
Keihin 7%
Delphi 8%
Denso 28%
Continental 6%
* For passenger cars & light trucks
Others 12%
Continental 12%
Bosch 25%
** Japan, South Korea, China, India, Thailand
Powertrain Market Position for Transmission Control Units 2009* North America
Europe Bosch 22%
Denso Visteon 7% 3%
Others 8%
Aisin 15%
Hitachi 10%
Bosch 19%
Asia** Bosch 10%
Others 12%
Equity and Debt Markets Relations Fact Book FY 2009 73 / © Continental AG
Keihin 13%
Hitachi 22%
Continental 33%
Denso 9% Source: Continental Estimates
Continental 24%
Bosch 29%
World Delphi 6%
Others 14%
Delphi 21%
Continental 70%
Denso 5%
Hitachi 2%
* For passenger cars & light trucks
Others 6% Continental 15%
Aisin 25% ** Japan, South Korea, China, India
Powertrain Manufacturing Sites: Germany & Rest of Europe Germany
Rest of Europe
Bebra
Actuators, automatic transmission, fuel pumps
Dortmund
Fuel supply modules, fuel supply systems
Gifhorn
Electric machines
Karben
Electronic control units, actuators, power modules, resistor cards
Limbach-Oberfrohna
Piezo diesel injection
Nuremberg
Electronic control units, battery systems, power electronics (1st gen), automatic transmission, double clutch transmission, continuously variable transmission
Regensburg
Roding
Equity and Debt Markets Relations Fact Book FY 2009 74 / © Continental AG
Adrspach, Czech Rep.
End-shields, plastic parts
Boussens, France
Sensors
Brandys, Czech Rep.
Fuel supply modules, fuel supply systems, level sensors
Budapest, Hungary
Sensors, power electronics (2nd gen, stop start systems)
Foix, France
Electronic control units, automatic transmission, automated manual transmission
Frenstat, Czech Rep.
Electronic control units, sensors, actuators, four & all wheel drive transmission, electronics for demand regulation
Kaluga, Russia Electronic control units, sensors, actuators, automatic transmission, double clutch transmission, continuously variable transmission, four & all wheel drive transmission
Electronic control units, gasoline port fuel injection
Pisa, Italy
Gasoline injection
Sibiu, Rumania
Gasoline & diesel pumps
Toulouse, France
Electronic control units, double clutch transmission Engine management system modules & components for marine, recreation and utility vehicle markets
Trutnov, Czech Rep.
Gasoline & diesel pumps, actuators
Powertrain Manufacturing Sites: America America Cuautla, Mexico
Electronic control units, automatic transmission, four & all wheel drive transmission
Delavan, WI, USA
Engine management system modules & components for marine, recreation, and utility vehicle markets
Guadalajara, Mexico
Electronic control units, actuators, double clutch transmission
Guarulhos,/Salto, Brazil
Electronic control units, sensor, actuators, fuel pumps
Huntsville, AL, USA
Electronic control units, four & all wheel drive transmission
Juarez, Mexico
Sensors, actuators, fuel supply modules, fuel supply systems, level sensors
Newport News, VA, USA
Gasoline and diesel injection, engine management system modules & components for marine, recreation, and utility vehicle markets
Equity and Debt Markets Relations Fact Book FY 2009 75 / © Continental AG
Seguin, TX, USA
Electronic control units, battery management controllers, automatic transmission, four & all wheel drive transmission
Powertrain Manufacturing Sites: Asia Asia Amata City, Thailand
Diesel pumps, diesel injection
Bangalore, India
Electronic control units
Pune, India
Fuel supply systems
Manesar, India
Sensors
Calamba, Philippines
Sensors, automatic transmission
Changchun, China
Electronic control units, gasoline port fuel injection, sensors, automatic transmission, Engine management system modules & components for marine, recreation, and utility vehicle markets
Cheongwon, S. Korea
Sensors
Icheon, S. Korea
Electronic control units, actuators, automatic transmission, continuously variable transmission
Melbourne, Australia
Actuators
Penang, Malaysia
Electronic control units, sensors, actuators, fuel supply systems, level sensors
Equity and Debt Markets Relations Fact Book FY 2009 76 / © Continental AG
Shanghai, China
Ingnition systems, double clutch transmission
Tianjin, China
Electronic control units, electric machines, battery management controllers, automatic transmission
Wuhu, China
Fuel supply systems, level sensors, fuel pumps, actuators
Powertrain Selected Cooperations & Joint Ventures Asia
Europe Emitec GmbH Lohmar, Germany
IAV GmbH Berlin, Germany Cooperation: ZF Friedrichshafen, Germany DUAP AG Herzogenbuchsee, Switzerland
Equity and Debt Markets Relations Fact Book FY 2009 77 / © Continental AG
METALIT® metal substrate for three-way catalysts, catalysts with turbulent structures, lambda sensor catalysts, diesel oxidation catalysts, PM-METALIT® (catalyst and particulate filter), PTTM-METALIT ® (pre-turbo catalysts), selective catalytic reduction (SCR) catalysts with structured foils, electrical heated catalysts EMICAT ®, CompactCat ®, TwinCat ®, hybrid catalysts Vehicle development, vehicle electronics, powertrain development, powertrain mechatronics
Development and commercialization of hybrid technology for passenger cars as well for trucks and busses Diesel fuel injection systems for marine, traction, stationary and automotive applications
KEMSCO (Korea EMS Co. Ltd.) Icheon, S. Korea
Injectors (only merchandise sales) Kemsco to be closed soon
CASCO (Continental Automotive Systems Corporation) Icheon, S. Korea
Electronic fuel injection systems actuators
V.3. Interior
Equity and Debt Markets Relations Fact Book FY 2009 78 / © Continental AG
Interior Business Structure Interior
Body & Security
● ● ● ● ●
Body control units LED light control Power closing Seat comfort systems Battery & energy management ● Access control systems ● Tire information systems ● Antenna modules
Equity and Debt Markets Relations Fact Book FY 2009 79 / © Continental AG
Commercial Vehicles & Aftermarket ● Tachographs & services ● Vehicle control units for drive & onboard electronics ● Instrumentation & HMI ● Onboard toll units & telematics ● Wear parts, spare parts & services for the independent aftermarket ● Original equipment services
Instrumentation & Driver HMI ● ● ● ● ● ● ● ● ● ●
Instrument clusters Secondary displays Head-up displays Climate controls Haptic controls Faceplates Central input devices Roof controls Integrated center stacks Cockpit modules
Infotainment & Connectivity ● ● ● ● ● ●
Radios Connected radio & navigation Multimedia systems Embedded telematics Device connectivity Software & special solutions
Interior Key Figures 2007*
2008
2009
1,531.6 101.3
5,856.7 557.3
4,362.7 20.4
6.6
9.5
0.5
10.8
-462.6
-516.0
0.7
-7.9
-11.8
501.6
56.4
8.8
1.3
1,895.1
5,629.1
4,580.1
0.6
-8.2
-11.3
R&D expense
131.5
432.5
434.7
in % of sales
8.6
7.4
10.0
65.5
265.2
131.3
4.3
4.5
3.0
90.5
1,019.9
536.4
5.9 0.3
17.4 523.6
12.3 90.6
(€ million) Sales EBITDA in % of sales
EBIT in % of sales
EBIT adjusted
1)
in % of sales
1)
Operating Assets (avg.) ROCE (avg.) in %
Capex
2)
in % of sales
Depreciation & amortization in % of sales 4) thereof impairment
3)
* Since December 2007 incl. Siemens VDO 1) EBIT w/o amortization of intangibles from PPA, consolidation and special effects; sales before changes in the scope of consolidation 2) Capex including software 3) Excluding write-downs of investments 4) 2008: including goodwill impairment of € 475.2 mn 2009: including goodwill impairment of € 61.4 mn Equity and Debt Markets Relations Fact Book FY 2009 80 / © Continental AG
Interior Financials (€ million)
5,856.7
Sales
-25.5%
4,362.7
557.3 EBITDA -96.3%
1,531.6 EBITDA margin
101.3
20.4 9.5% 0.5%
6.6% FY 07
FY 09
adj. EBIT
501.6 *
56.4 **
adj. EBIT margin
8.8%
1.3%
*
EBIT w/o amortization of intangibles PPA, consolidation (€ -29.2 mn) and special effects (€ -683.8 mn)
**
EBIT w/o amortization of intangibles PPA, consolidation (€ -6.3 mn) and special effects (€ -353.8 mn)
Equity and Debt Markets Relations Fact Book FY 2009 81 / © Continental AG
FY 08
Interior Sales Structure by Region Sales in 2009: € 4.4 bn
Asia 14%
Others 7%
Germany 31%
NAFTA 20%
Rest of Europe 28% Equity and Debt Markets Relations Fact Book FY 2009 82 / © Continental AG
Interior Market Position for Body & Security 2009 North America
Europe Kostal 5% Valeo 6%
Others 31%
Continental 24%
Bosch 7% Lear 7%
Others 41% Visteon 4% Bosch 5%
Delphi 9%
Hella 11%
Continental 18%
Valeo 4% Bosch 5%
Hella 6%
Lear 6%
Source: Continental estimates Equity and Debt Markets Relations Fact Book FY 2009 83 / © Continental AG
Delphi 8%
Delphi 8%
Denso 9%
Asia
World Others 43%
Lear 6% Schrader 7%
Continental 20%
Denso 10%
Others 41% Denso 19%
Delphi 5% HACO 5% Sumitomo Calsonic Kansei 6% 7%
Continental 10%
Omron 7%
Interior Market Position for Instrumentation and Displays 2009 North America
Europe Nippon Seiki Visteon 5% 5% Bosch 5%
Yazaki 3%
JCI 15%
Magneti Marelli 12%
Others 19% Continental 36%
Visteon 10%
Yazaki 8%
Calsonic 5%
Denso 17%
Nippon Seiki 13%
Others 14% Continental 19%
Delphi 14%
Visteon Magneti Marelli 5% 7% Yazaki 7%
Others 24% Denso 15%
JCI 8% Nippon Seiki 8% Source: Continental estimates Equity and Debt Markets Relations Fact Book FY 2009 84 / © Continental AG
World
Continental 26%
Calsonic Kansei 6% Yazaki 10% Nippon Seiki 10%
Asia Others 26% Denso 31%
Continental 17%
Interior Market Position for Radio and Multimedia Systems 2009 Europe
North America Harman 25%
Magneti Marelli 4%
Others 16%
Visteon 4%
Continental 17%
Delphi 14%
Alpine 14%
Panasonic 4% Melco 7%
Alpine 8%
Denso 9%
Panasonic 11%
Others 40%
Equity and Debt Markets Relations Fact Book FY 2009 85 / © Continental AG
Continental 7%
Others 22%
Pioneer 7%
Harman 10%
Asia Denso 7%
Alpine 7%
Denso 10%
Continental 7% Clarion 6% Aisin Blaupunkt 6% 6%
Source: Continental estimates
Clarion 8%
Blaupunkt 15%
World Panasonic 11%
Harman 8%
Aisin 11%
Panasonic 16%
Clarion 9%
HACO 7%
Pioneer Xanavi 7% 5% Continental 1% Others 34%
Interior Market Position for Embedded Telematics and Device Connectivity Units 2009 North America
Europe Harman Becker 16%
Magneti Marelli 8%
Paragon 7%
7% Novero 8%
LG 16%
Others 7%
LG 30%
Continental 36%
Novero 20%
Harman Peiker 3% Flextronics 6%
Peiker 6%
World Others 22% Continental 38%
Delphi Denso 4% 3% Peiker 2% Others Flextronics 3% 14% Continental 44%
Asia Clarion 17%
Pioneer 11% Aisin 11%
Denso 12% Others 29%
Alpine 10% Source: Continental estimates Equity and Debt Markets Relations Fact Book FY 2009 86 / © Continental AG
Continental 10%
Interior Market Position for Commercial Vehicle* 2009 Wabco 12%
Actia 8%
Thales 3%
Europe Others 21%
Visteon 11% Continental 36%
Ametek 5%
North America Others 26% Continental 26%
Qualcomm 15%
World
Stoneridge 20%
Stoneridge 17%
Others 39%
Yazaki 5%
Continental 25%
Delco 5%
South America
Stoneridge 7%
Visteon 8%
Bosch 12%
Magneti Marelli Others 4% 9% Continental 60%
Source: Continental estimates Equity and Debt Markets Relations Fact Book FY 2009 87 / © Continental AG
Pricol 6%
Actia Wabco 4% 5%
Stoneridge 11%
Asia Actia 2%
Continental 9%
Pricol 15%
Delco 14%
Yazaki 12%
Others 48%
* Commercial vehicles business as described in BU structure excluding aftermarket business
Interior Manufacturing Sites: Germany & Rest of Europe Germany
Rest of Europe
Babenhausen
Displays, instrument clusters
Birmingham, UK
HVAC control units, after market products
Dortmund
Aftermarket products (sensorics)
Brandys, Czech Rep.
Ingolstadt
Keyless entry systems, comfort control units, heading control
Radio, multimedia, navigation, HVAC control units, instrument clusters
Karben
Cluster PCB, HVAC control units, gateways
Budapest, Hungary
Door control devices
Nuremberg
Seat control devices, transmission control units
Frenstat, Czech Rep.
Body/ door control units, keyless entry systems
Regensburg
Displays, multimedia products, body/ door control units, passive start & entry systems, remote keyless entry, immobilizer
Hambach, France
Cockpit modules
Rambouillet, France
Radio, navigation
Rubi, Spain
Instrument clusters
Ruethi, Switzerland
After market products, gauges, marina & other instruments
Sibiu, Romania
Door control devices, body control devices
Timisoara, Romania
Instrument clusters, displays
Toulouse, France
Tire guard, body control unit, keyless entry system, connectivity box
Chistopol, Russia
Instrument clusters for passenger cars and commercial vehicles
Villingen
Commercial vehicles control units, toll systems, commercial vehicles instrument clusters, tachographs
Equity and Debt Markets Relations Fact Book FY 2009 88 / © Continental AG
Interior Manufacturing Sites: America & Asia America
Asia
Gravatai, Brazil
Cockpit modules
Bangalore, India
Instruments, instrument clusters
Guadalajara, Mexico
Radio, body controller modules, integrated power module, gateway, tire guard, commercial vehicles control units and instrument clusters
Campbell Field, Australia
Instrumentation & displays
Changchun, China
Keyless entry system, immobilizer, window lifter control units
Cheongwon, S. Korea
Instrument clusters, HVAC control units, parking aid, PWM (fan) control units
Icheon, S. Korea
Body controller, keyless entry systems
Manesar, India
Instrumentation & displays
Manila, Philippines
Door control devices, anti theft protection control devices, central control units, body control devices
Melbourne, Australia
Instrumentation & displays
Penang, Malaysia
Instrument clusters, body controller, gateways, immobilizer for passenger cars and commercial vehicles
Pune, India
Instrumentation & displays
Shanghai, China
Door control devices
Tianjin, China
Telematics, embedded hands-free bluetooth systems
Wuhu, China
Instrument clusters
Malaysia Prai, Penang
Infotainment, HVAC, automotive spare parts
Guarulhos, Brazil
Instrument clusters, tachographs, body controller, HVAC control units
Huntsville, AL, USA
Radio, navigation, multimedia, body controller module, integrated power module, gateways, instrument clusters
Manaus, Brazil
Radio
Nogales, Mexico
Interior electronics and telematic products
Resende, Brazil
Bus and cabin assembly for commercial vehicles
Sao Bernando de Campo
Instrumentation & displays
Seguin, TX, USA
Telematics, marine and agricultural products
Equity and Debt Markets Relations Fact Book FY 2009 89 / © Continental AG
Interior Selected Cooperations & Joint Ventures Europe
Asia
SAS Autosystemtechnik GmbH & Co. KG Karlsruhe, Germany
Cockpit module assembly and logistics
S-Y Systems Technologies Europe GmbH, Regensburg, Germany
Electric and electronic cabling & distribution systems (EEDS)
vogtronics GmbH Obernzell, Germany
Inductive products (antennas, immobilizers)
TecCom GmbH Ismaning, Germany
B2B platform for automotive aftermarket
TecDoc Informations System GmbH Köln, Germany
B2B platform for automotive aftermarket regarding product specs data
Kienzle Rheinapp. Rhein. Apparate GmbH Mülheim, Germany
Automotive aftermarket sales and service (electronics, navigation systems, telematics)
Kienzle Argo GmbH Berlin, Germany
Automotive aftermarket sales and service (tachographs, telematics)
OOO Continental Automotive RUS Moscow, Russia
Instrument cluster (passenger cars) tachographs, speedometer driver workplaces
Equity and Debt Markets Relations Fact Book FY 2009 90 / © Continental AG
Car Electronic Architecture System Company Ltd. Anyang, S. Korea
Electronic system architecture Network (body controller, SW development)
Automotive Infotronics Private Ltd. India
Engineering & development of Chennai, electric and electronic components and software
PT Indo VDO Instruments Co. Ltd. Bekase, Indonesia
Instrument clusters for the domestic market
VI. Rubber Group
Equity and Debt Markets Relations Fact Book FY 2009 91 / © Continental AG
Rubber Group Key Figures (€ million)
2007
2008
2009
9,337.0 1,638.4
9,353.9 1,415.9
8,068.3 1,114.5
17.5
15.1
13.8
1,225.6
984.9
655.7
13.1
10.5
8.1
997.7
1,035.5
10.7
12.9
4,149.1
4,369.5
3,989.8
29.5
22.5
16.4
R&D expense
210.9
222.0
212.0
in % of sales
2.3
2.4
2.6
404.8
499.1
321.7
4.3
5.3
4.0
412.8
431.0
458.8
4.4 20.3
4.6 13.9
5.7 44.0
Sales EBITDA in % of sales
EBIT in % of sales
EBIT adjusted 1) in % of sales
1)
Operating Assets (avg.) ROCE (avg.) in %
Capex
2)
in % of sales
Depreciation & amortization in % of sales thereof impairment
3)
1) EBIT w/o amortization of intangibles from PPA, consolidation and special effects; sales before changes in the scope of consolidation 2) Capex including software 3) Excluding write-downs of investments Equity and Debt Markets Relations Fact Book FY 2009 92 / © Continental AG
Rubber Group Financials (€ million) Rubber Group: Sales by division
1,065.6 4,696.4
-23.4%
Adjusted EBIT* and adjusted EBIT* margin by division
8,068.3 -99.8
772.7
-7.2%
-12.5%
20.5 1.9%
0.0
1,035.5 12.9%
16.6%
2,406.1 Organic sales growth
10.1%
CT
*
242.3
-17.8%
PLT
CVT
cons.
total
W/o amortization of intangibles from PPA, consolidation and special effects
Equity and Debt Markets Relations Fact Book FY 2009 93 / © Continental AG
CT
PLT
CVT
cons.
total
Rubber Group Sales Structure by Region Sales in 2009: € 8.1 bn
Asia 8%
Others 5%
Germany 26%
NAFTA 17%
Rest of Europe 44%
Equity and Debt Markets Relations Fact Book FY 2009 94 / © Continental AG
VI.1. Passenger and Light Truck Tires
Equity and Debt Markets Relations Fact Book FY 2009 95 / © Continental AG
Passenger and Light Truck Tires Business Structure Passenger and Light Truck Tires Original Equipment ● Tires for compact, medium-size and fullsize cars ● Tires for 4x4 and SUVs ● Tires for vans, light trucks and RVs ● Extended mobility Systems: - SSR - CSR - ContiComfortKit - ContiMobiltyKit - ContiSeal ● NVH engineering services
Global brand: - Continental Regional brand: - General Tire
Replacement Europe ● High-performance and ultra-high-performance tires ● Tires for compact, medium-size and full-size cars ● Tires for 4x4 and SUVs ● Tires for vans, light trucks and RVs
Replacement The Americas ● High-performance and ultra-high-performance tires ● Tires for compact, medium-size and full-size cars ● Tires for 4x4 and SUVs ● Tires for vans, light trucks and RVs
Replacement Asia-Pacific ● High-performance and ultra-high-performance tires ● Tires for compact, medium-size and full-size cars ● Tires for 4x4 and SUVs ● Tires for vans, light trucks and RVs
Global brands: - Continental - Barum
Global brands: - Continental - Barum
Global brands: - Continental - Barum
Regional brands: - Uniroyal * - Semperit - General Tire - Gislaved - Viking - Mabor - Matador
Regional brands: - General Tire - Euzkadi - Semperit - Viking - Gislaved
Regional brands: - Dunlop** - Sime Tyres
Two-Wheel Tires ● Bicycle tires ● High-performance racing tires ● Motorcycle and scooter tires ● High-performance motorbike tires
Global brand: - Continental
* Except NAFTA region, Colombia and Peru ** Trademark rights for Malaysia, Singapore and Brunei
Equity and Debt Markets Relations Fact Book FY 2009 96 / © Continental AG
Passenger and Light Truck Tires Key Figures (€ million) Sales EBITDA in % of sales
EBIT in % of sales
EBIT adjusted
2008
2009
4,975.6 969.6
5,100.3 873.5
4,696.4 793.1
19.5
17.1
16.9
738.7
626.4
536.4
14.8
12.3
11.4
644.1
772.7
12.6
16.6
2,488.1
2,348.4
1)
in % of sales
1)
Operating Assets (avg.)
2,324.6
ROCE (avg.) in %
R&D expense in % of sales
Capex
2007
2)
in % of sales
Depreciation & amortization in % of sales thereof impairment
3)
31.8
25.2
22.8
110.5
119.5
113.5
2.2
2.3
2.4
222.0
292.7
198.3
4.5
5.7
4.2
230.9
247.1
256.7
4.6 19.7
4.8 13.1
5.5 24.6
1) EBIT w/o amortization of intangibles from PPA, consolidation and special effects; sales before changes in the scope of consolidation 2) Capex including software 3) Excluding write-downs of investments Equity and Debt Markets Relations Fact Book FY 2009 97 / © Continental AG
Passenger and Light Truck Tires Financials 4,975.6
(€ million)
5,100.3 4,696.4
Sales
-7.9%
969.6 EBITDA
873.5 -9.2%
EBITDA margin
19.5%
17.1%
16.9%
FY 08
FY 09
adj. EBIT
644.1 *
772.7 **
adj. EBIT margin
12.6%
16.6%
FY 07
* **
EBIT w/o amortization of intangibles PPA, consolidation (€ -3.0 mn) and special effects (€ -11.7 mn) EBIT w/o amortization of intangibles PPA, consolidation (€ 1.9 mn) and special effects (€ -235.0 mn)
Equity and Debt Markets Relations Fact Book FY 2009 98 / © Continental AG
793.1
Passenger and Light Truck Tires Sales Structure by Region Sales in 2009: € 4.7 bn
Asia 5%
Others 4%
Germany 21%
NAFTA 18%
Rest of Europe 52% Equity and Debt Markets Relations Fact Book FY 2009 99 / © Continental AG
Passenger and Light Truck Tires Market Share for Passenger and Light Truck Tires* 2009 Europe Michelin 20%
Continental 21%
Others 22% Pirelli 8%
Bridgestone/Firestone 11%
Goodyear/Sumitomo 18%
North America Michelin 19%
Others 26% Source: Continental estimates Equity and Debt Markets Relations Fact Book FY 2009 100 / © Continental AG
Goodyear/Sumitomo 21% Continental 6%
Cooper 10%
Bridgestone/Firestone 18% * OE & Replacement
Passenger and Light Truck Tires Continental Worldwide Passenger and Light Truck Tire Production 2009 (million units)
6.4 Mount Vernon 3.7 San Luis Potosí
0.5
Cuenca **
2.9* 4.2 Alor Star / Petaling Jaya Camaçari 2.4 Port Elizabeth
* Until 2004 consolidated in CVT Division ** Since July 2009 Equity and Debt Markets Relations Fact Book FY 2009 101 / © Continental AG
Passenger and Light Truck Tires Continental European Passenger and Light Truck Tire Production 2009 (million units)
8.0
18.5
7.1 1.0 8.1
Korbach Aachen
Clairoix Sarreguemines 13.4
5.4 Otrokovice Puchov
13.1
Timişoara Lousado
Equity and Debt Markets Relations Fact Book FY 2009 102 / © Continental AG
Passenger and Light Truck Tires Cost of Labor at Continental Manufacturing Sites* 120%
100%
D
F
80%
USA 60%
40%
P
MEX
CZ SK
20%
0% * Based on average FX rates 2009 Equity and Debt Markets Relations Fact Book FY 2009 103 / © Continental AG
ZA EC
BR
RO
MY
Passenger and Light Truck Tires Unit Sales 2005 – 2009 (in million units)
120 100 80.2
82.7
84.2
83.8 74.8
80 60 40
Europe (incl. ROW)* The Americas (incl. van tires)**
25.9
24.0
24.3
20
23.0
20.4
4.0
3.9
2008
2009
Asia
0 2005
2006
2007
* From 2005 - 2007 Asia included in Europe ** North America; since 2007 incl. Latin America Equity and Debt Markets Relations Fact Book FY 2009 104 / © Continental AG
Passenger and Light Truck Tires Product Mix Improvement Winter Tires* ww
High Performance Summer Tires Europe*
(in million units)
(in million units)
- 4.7
8.2%
17.7
2005
19.1
2006
4.1%
18.2
2007
* OE & Replacement (excl. All-Season Tires) Equity and Debt Markets Relations Fact Book FY 2009 105 / © Continental AG
1.2%
3.5%
19.0
19.2
2008
2009
31.0
2005
6.2
5.6%
32.1
2006
33.9
2007
-11.4%
36.0 31.9
2008
2009
Passenger and Light Truck Tires Selected Cooperations & Joint Ventures Europe Matador Omskshina a.s.z.t, Omsk, Russia
Asia Joint Venture with Sibur Production, sales and marketing of passenger and light truck tires
America HighwayTwo, IL, USA
Joint Venture with Selle Royal S.p.a., Italy; distribution of bicycle products
Andujar S.A., Cuenca, Ecuador
Minority shareholding (various dealer networks, rubber plantation and rubber plant)
Equity and Debt Markets Relations Fact Book FY 2009 106 / © Continental AG
General Tyre & Rubber Company of Pakistan Ltd., Karachi, Pakistan
Minority shareholding and technology transfer
J.K. Industries Ltd., New Delhi, India
Technology transfer
Barez Industrial Group Teheran, Iran
Technology transfer
The Yokohama Rubber Co., Ltd., Tokyo, Japan
Distribution of Continental passenger car tires in Japanese replacement market
Yokohama Continental Tire Co. Ltd., Tokyo, Japan
Acquisition of OEM tire business for Japanese car manufacturers and their transplants and Korean car manufacturers on behalf of Yokohama and Continental
VI.2. Commercial Vehicle Tires
Equity and Debt Markets Relations Fact Book FY 2009 107 / © Continental AG
Commercial Vehicle Tires Business Structure Commercial Vehicle Tires Truck Tires Europe
● ● ● ● ● ●
Long-distance Regional traffic Winter Urban traffic Construction Off-the-road
Truck Tires The Americas
● ● ● ● ● ●
Long-distance Regional traffic Winter Urban traffic Construction Off-the-road
Truck Tires Asia-Pacific
● ● ● ● ●
Long distance Regional traffic Urban traffic Construction Off-the-road
Industrial Tires
● Transportation ● Stack / lift ● Multi purpose
OTR Tires
● ● ● ● ● ●
Earthmoving Construction Mining Forestry Container handling Agricultural
Global brands: - Continental - ContiTread - ContiRE
Global brands: - Continental - ContiTread
Global brand: - Continental
Global brand: - Continental
Global brand: - Simex
Regional brands: - Uniroyal - Semperit - Barum - Matador
Regional brands: - General Tire - Ameri*Steel - Euzkadi - Barum
Regional brands: - SIME Tyres - TERCO
Regional brands: - Simex - Barum
Regional brands: - Simex - General Tire
Equity and Debt Markets Relations Fact Book FY 2009 108 / © Continental AG
Commercial Vehicle Tires Key Figures 2007
2008
2009
1,452.4 202.4
1,404.2 112.4
1,065.6 47.5
13.9
8.0
4.5
124.1
29.5
-50.1
8.5
2.1
-4.7
27.3
20.5
2.0
1.9
697.8
776.2
634.7
17.8
3.8
-7.9
R&D expense
43.6
43.4
40.5
in % of sales
3.0
3.1
3.8
83.0
95.6
40.5
5.7
6.8
3.8
78.3
82.9
97.6
5.4 0.3
5.9 0.4
9.2 15.7
(€ million) Sales EBITDA in % of sales
EBIT in % of sales
EBIT adjusted
1)
in % of sales
1)
Operating Assets (avg.) ROCE (avg.) in %
Capex
2)
in % of sales
Depreciation & amortization in % of sales thereof impairment
3)
1) EBIT w/o amortization of intangibles from PPA, consolidation and special effects; sales before changes in the scope of consolidation 2) Capex including software 3) Excluding write-downs of investments Equity and Debt Markets Relations Fact Book FY 2009 109 / © Continental AG
Commercial Vehicle Tires Financials 1,452.4
(€ million) Sales
1,404.2
-24.1%
EBITDA
EBITDA margin
1,065.6
202.4
13.9%
112.4 -57.7%
47.5 8.0% 4.5%
FY 07
FY 09
adj. EBIT
27.3 *
20.5 **
adj. EBIT margin
2.0%
1.9%
*
EBIT w/o amortization of intangibles PPA, consolidation (€ 3.9 mn) and special effects (€ -0.9 mn)
**
EBIT w/o amortization of intangibles PPA, consolidation (€ 1.5 mn) and special effects (€ -69.5 mn)
Equity and Debt Markets Relations Fact Book FY 2009 110 / © Continental AG
FY 08
Commercial Vehicle Tires Sales Structure by Region Sales in 2009: € 1.1 bn
Asia 7%
Others 10%
Germany 15%
NAFTA 31% Rest of Europe 37%
Equity and Debt Markets Relations Fact Book FY 2009 111 / © Continental AG
Commercial Vehicle Tires Market Share for Truck Tires* 2009 Europe Michelin 34%
Continental 17%
Others 2% Hankook Pirelli 3% 5% Bridgestone/Firestone 19%
Goodyear/Sumitomo 20%
North America Goodyear 28% Continental 9%
Michelin 21%
Others 13% Source: Continental estimates Equity and Debt Markets Relations Fact Book FY 2009 112 / © Continental AG
Yokohama 4%
Bridgestone/Firestone 25% * OE & Replacement
Commercial Vehicle Tires Continental Product Segments 2009 Europe Construction 10%
Winter 3%
Regional Traffic 70%
Urban Traffic 3% Off-Road 2% Long Distance 12%
Americas Long Distance 42%
Off-Road 3% Urban Traffic 12%
Regional Traffic 36%
Construction 6% Winter 1%
Equity and Debt Markets Relations Fact Book FY 2009 113 / © Continental AG
Commercial Vehicle Tires Continental Worldwide Radial Truck Tire Production 2009 (million units)
2.3
1.4
0.3 Hanover
0.4
Otrokovice
Puchov
Mount Vernon* 0.01 Cuenca**
0.2 0.2
Petaling Jaya
Camaçari 0.1 Port Elizabeth
* Incl. shipments to JV partners ** Since July 2009 Equity and Debt Markets Relations Fact Book FY 2009 114 / © Continental AG
Commercial Vehicle Tires Cost of Labor at Continental Manufacturing Sites* 120%
100%
D
80%
60%
USA
40%
CZ 20%
SK ZA
EC
BR MY
0% * Based on average FX rates 2009 Equity and Debt Markets Relations Fact Book FY 2009 115 / © Continental AG
Commercial Vehicle Tires Unit Sales 2005 – 2009 (in million units)
5.0 4.5 4.0 3.5 3.0
4.0
4.3 3.7
3.7 2.9
3.0
2.9
2.8
2.5
2.6 2.3
2.0
Europe (incl. ROW)* The Americas** Asia
1.5 1.0 0.5
0.2
0.2
2008
2009
0.0 2005
2006
2007
* From 2005 - 2007 Asia included in Europe ** North America; since 2007 incl. Latin America Equity and Debt Markets Relations Fact Book FY 2009 116 / © Continental AG
Commercial Vehicle Tires Selected Cooperations & Joint Ventures Europe
Asia
Mitas a.s., Prague, Czech Republic
Off-take production of industrial tires
Nizhnekamsk All Steel Tire Plant (NASTP), Russia
Technology transfer (CVT)
America Andujar, Ecuador
Minority shareholding (various dealer networks, rubber plantation and rubber plant)
GTY Tire Company (partnership), Mount Vernon, IL, USA
Joint venture with Toyo and Yokohama for the production of commercial vehicle tires
Equity and Debt Markets Relations Fact Book FY 2009 117 / © Continental AG
General Tyre & Rubber Company of Pakistan Ltd., Karachi, Pakistan
Minority shareholding and technology transfer
J.K. Industries Ltd., New Delhi, India
Technology transfer
Barez Industrial Group, Teheran, Iran
Technology transfer
Eu-Retec (Pvt) Ltd., Nagoda, Kalutara, Sri Lanka
Production of industrial tires
Modi Tyres Company Private Ltd., New Delhi, India
Technology transfer and trademark license agreement for bias tires
VI.3. ContiTech
Equity and Debt Markets Relations Fact Book FY 2009 118 / © Continental AG
ContiTech Business Structure ContiTech BeneckeKaliko Group ● ● ● ● ●
Compact sheeting Coated film TEPEO® film Slush skins Cut-to-size foam
Elastomer Coatings
Conveyor Belt Group ● Steel cord belts ● ● Fabric conveyor belts for mining and other ● industries ● ● Lifting belts ● Skid carrying belts ● Service material ●
● ● ● ● ● ●
Equity and Debt Markets Relations Fact Book FY 2009 119 / © Continental AG
Compressible printing blankets for offset printing Coated fabrics Flat and shaped diaphragms for fuel management and industrial applications Diaphragm materials and diaphragms for gas, water and airconditioning systems Composite materials for textile buildings Collapsible tanks for transport and storage Concertina walls as connecting element in buses and trains Gas holder diaphragms Material for chemical resistant suits Rubber sheets for flexo printings
Fluid Technology
Power Transmission Group
Air Spring Systems
● Hoses, hose lines ● Air springs and air spring systems for and quick -commercial connectors for cars, vehicles trucks and buses -buses in: -trailers -power steering -rolling stock -air-conditioning -heating and cooling ● Air spring damper modules for trucks circuits and buses -fuel systems ● Sleeve air springs -turbocharger for drivers’ seats systems and cab -oil and hydraulic suspension systems ● Air springs and air actuators for ● Hoses and hose industrial lines for industrial applications applications ● Compensators ● Tubing, couplings and plug-in systems ● Floating hoses ● Dredge hoses ● Oil & marine hoses
● ● ● ● ● ●
V-belts V-ribbed belts Timing belts Belt drive kit-sets Flat belts PU timing belts as components in complex belt drive systems in automotive and industrial applications
Vibration Control ● Conventional and hydraulic rubbermetal elements for the auto industry: -spring strut bearings -engine mounts -transmission suspension -hydro mounts -cab mounts ● Active and passive absorbers ● Sealing systems for axle, brake and steering ● SCHWINGMETALL® products for mounting machines and marine engines ● Friction rings and wheels
ContiTech Key Figures 2007
2008
2009
3,063.9 466.4
3,007.0 430.1
2,406.1 274.0
15.2
14.3
11.4
362.8
329.1
169.4
11.8
10.9
7.0
326.4
242.3
11.0
10.1
1,126.6
1,105.2
1,006.7
32.2
29.8
16.8
R&D expense
56.8
59.1
58.0
in % of sales
1.9
2.0
2.4
99.8
110.8
82.8
3.3
3.7
3.4
103.6
101.0
104.6
3.4 0.3
3.4 0.4
4.3 3.7
(€ million) Sales EBITDA in % of sales
EBIT in % of sales
EBIT adjusted
1)
in % of sales
1)
Operating Assets (avg.) ROCE (avg.) in %
Capex
2)
in % of sales
Depreciation & amortization in % of sales thereof impairment
3)
1) EBIT w/o amortization of intangibles from PPA, consolidation and special effects; sales before changes in the scope of consolidation 2) Capex including software 3) Excluding write-downs of investments Equity and Debt Markets Relations Fact Book FY 2009 120 / © Continental AG
ContiTech Financials (€ million)
3,063.9
3,007.0
Sales
EBITDA
EBITDA margin
466.4
15.2%
-20.0%
2,406.1
-36.3%
274.0
430.1 14.3%
11.4%
FY 07
*
FY 08
FY 09
adj. EBIT
326.4 *
242.3 **
adj. EBIT margin
11.0%
10.1%
EBIT w/o amortization of intangibles PPA, consolidation (€ 5.1 mn) and special effects (€ 0.4 mn)
** EBIT w/o amortization of intangibles PPA, consolidation (€ 1.6 mn) and special effects (€ -70.8 mn) Equity and Debt Markets Relations Fact Book FY 2009 121 / © Continental AG
ContiTech Sales Structure by Region Sales in 2009: € 2.4 bn
Others 6%
Asia 13% NAFTA 7%
Rest of Europe 33%
Equity and Debt Markets Relations Fact Book FY 2009 122 / © Continental AG
Germany 41%
ContiTech Market Leader in its Business Units Business Unit
Segments
Fluid Technology
Europe
World
Automotive hoses & hose lines Oil & Marine
No. 1 No. 1
No. 1 No. 1
Benecke-Kaliko Group
Automotive interior trim
No. 1
No. 1
Power Transm. Group
Multiple V-ribbed belts & timing belts
No. 1
No. 2
Conveyor Belt Group
Conveyor belts
No. 1
No. 1
Elastomer Coatings
Printing blankets
No. 2
No. 3
Vibration Control
Chassis sealing system Engine mounts for trucks
No. 2 No. 1
No. 3
Air Spring Systems
Truck & bus air springs Railway systems
No. 1 No. 1
No. 1 No. 1
Equity and Debt Markets Relations Fact Book FY 2009 123 / © Continental AG
ContiTech Sales and Employees 2009 Business Unit
Sales in € millions
Employees
Fluid Technology
860
10,314
Conveyor Belt Group
427
3,101
Power Transmission Group
310
2,280
Benecke-Kaliko Group
246
1,544
Air Spring Systems
175
1,179
Vibration Control
187
1,892
Elastomer Coatings
78
583
2,406*
22,079**
ContiTech Equity and Debt Markets Relations Fact Book FY 2009 124 / © Continental AG
*
Incl. other operations
**
Incl. service functions
ContiTech Manufacturing Sites in Germany & Europe Germany Benecke-Kaliko Eislingen Hanover Löhne Peine Conveyor Belt Group Bad Blankenburg Northeim Elastomer Coatings Northeim Waltershausen Fluid Technology Berlin Friedberg Hann. Münden Hamburg Hedemünden Karben Korbach Northeim Oedelsheim Oppenweiler Salzgitter Wackersdorf Waltershausen
Equity and Debt Markets Relations Fact Book FY 2009 125 / © Continental AG
Europe Air Spring Systems Hamburg Hanover Power Transmission Group Dannenberg Hanover Vibration Control Dannenberg Hamburg Hanover Hedemünden Northeim
Fluid Technology Ashington, UK Grimsby, UK Crawley, UK Lyon, France Carei, Romania Nadab, Romania Mako, Hungary Motala, Sweden Szeged, Hungary Timişoara, Romania Vác, Hungary Madrid, Spain Barcelona, Spain Power Transmission Group Timişoara, Romania Wigan, UK
Conveyor Belt Group Szeged, Hungary Vólos, Greece Puchov, Slovakia Veliki Crljeni, Serbia Vibration Control Dolné Vestenice, Slovakia Partizanske, Slovakia Elastomer Coatings Moscow, Russia Air Spring Systems Nyiregyhaza, Hungary Bursa, Turkey
ContiTech Manufacturing Sites in America & Asia America Fluid Technology Mexico City, Mexico Ponta Grossa, Brazil Houston, TX, USA Somersworth, NH, USA
Asia Conveyor Belt Group San Luis Potosí, Mexico Santiago de Chile, Chile Ponta Grossa, Brazil
Power Transmission Group Ponta Grossa, Brazil San Luis Potosí, Mexico
Vibration Control Ponta Grossa, Brazil San Luis Potosi, Mexico Varzea Paulista, Brazil
Benecke Kaliko San Luis Potosí, Mexico
Air Springs Systems San Luis Potosí, Mexico
Fluid Technology Changchun, China Jeonju, S. Korea
Air Spring Systems Ninghai, China Cheonan, Korea
Power Transmission Group Ningbo, China Shanghai, China Delhi, India Busan, S. Korea
Conveyor Belt Group Calcutta, India Changzhi, China
Vibration Control Ningbo, China Changshu, China Benecke-Kaliko Zhangjiagang, China
Equity and Debt Markets Relations Fact Book FY 2009 126 / © Continental AG
Elastomer Coatings Shanghai, China
ContiTech Selected Cooperations & Joint Ventures Germany
Europe
ContiTech INA GmbH, Herzogenaurach
Development of power transmission systems
BPW, Wiehl
Strategic cooperation for air springs for trailers and axles
Development partnership for Gigabox (suspension systems for rail vehicles)
Asia
America Cooper Standard NVH, Auburn, IN, USA
Development and production of engine mounts and chassis mount systems for the global automotive industry
Sansuy Benecke Ltda., São Paulo, Brazil
Sales and marketing of laminates for car interiors
Equity and Debt Markets Relations Fact Book FY 2009 127 / © Continental AG
SKF, Stockholm, Sweden
ContiTech Fluid Shanghai Co. Ltd., Shanghai, China
Production of power steering lines for Volkswagen, General Motors and others
Kurashiki Kako Corp., Kurashiki, Japan
Development and production of platform components (aggregate and chassis mounts) for the automotive industry with European/American/Japanese affiliations, e.g. Ford and Mazda
Seonghwan, S. Korea
JV for production of Air-Springs and Air Spring Systems
VII. Share Information
Equity and Debt Markets Relations Fact Book FY 2009 128 / © Continental AG
Share Information Share Data / ADR Data Share Data ● Type of share ● Bloomberg Ticker ● Reuters Ticker ● German Security Identification Number (WKN) ● ISIN Number ● Shares outstanding as of December 31, 2009 ● Shares outstanding as of January 14, 2010
No-par value share CON CONG 543 900 DE0005439004 169,005,983 200,005,983
ADR Data ● Ratio (ordinary share: ADR) ● Bloomberg Ticker ● Reuters Ticker ● ISIN Number ● ADR Level ● Exchange ● Sponsor
Equity and Debt Markets Relations Fact Book FY 2009 129 / © Continental AG
1:1 CTTAY CTTAY.PK US2107712000 Level 1 OTC Deutsche Bank Trust Company Americas
Share Information Issued Capital
600
512
500 400
373
375
414
433
433
169.0
169.0
2008
2009
300 200
135.4
146.5
161.7
2005
2006
2007
200.0
100 0
* After issuance of 31 mn new shares in January 2010 Equity and Debt Markets Relations Fact Book FY 2009 130 / © Continental AG
2010 *
Issued capital (in € millions)
Number of shares (in millions)
VIII. Glossary
Equity and Debt Markets Relations Fact Book FY 2009 131 / © Continental AG
Financial Glossary (1) ADR |
American Depositary Receipt
Capex I
Capital expenditure on property, plant, equipment and software
EBIT |
Earnings Before Interest and Taxes
EBITDA |
EBIT Before Depreciation and Amortization
EBIT margin |
EBIT as a percentage of sales
EBITDA margin |
EBITDA as a percentage of sales
FCF I
Free Cash Flow
FSF I
Forward Start Facility
Gearing Ratio |
Represents the net indebtedness divided by total equity, expressed as a percentage
ISIN |
International Security Identification Number
Net Indebtedness |The net amount of interest-bearing liabilities and cash and cash equivalents as recognized in the balance sheet as well as the market values of the derivative instruments NIAT |
Equity and Debt Markets Relations Fact Book FY 2009 132 / © Continental AG
Net Income attributable to the shareholders of the parent
Financial Glossary (2) Operating Assets | Operating assets are the assets less liabilities as reported in the balance sheet, without recognizing the net indebtedness, discounted trade bills, deferred tax assets and income tax receivable and payable as well as other financial assets and debt PPA I
Purchase Price Allocation
R&D I
Research and Development Expenses
ROCE (avg.)|
Return On Capital Employed. We define ROCE (avg.) as the ratio of EBIT to average of quarterly operating assets
Equity and Debt Markets Relations Fact Book FY 2009 133 / © Continental AG
Product Glossary (1) ABS |
Anti-Lock Brake System
DCT |
Double Clutch Transmission
ACC I
Adaptive Cruise Control
EBS |
Electronic Brake System
ADAS I
Advanced Driver Assistant System
ESC |
Electronic Stability Control
AMT |
Automated Manual Transmission
HEV |
Hybrid Electric Vehicle
AT |
Automatic Transmission
HMI I
Human Maschine Interface
C&S I
Division Chassis & Safety
HVAC |
Heating, Ventilation and Air Conditioning
CSR |
Conti Support Ring
II
Division Interior
CT I
Division ContiTech
MAB/MIB I
Motorcycle Anti-lock Braking System / Motorcycle Integrated Brake System
CV |
Commercial Vehicle MAF I
Mass Airflow Sensor
MT |
Manual Transmission
CVT I
Division Commercial Vehicle Tires
CVaT |
Continuous Variable Transmission
ECU |
Electronic Control Unit
Equity and Debt Markets Relations Fact Book FY 2009 134 / © Continental AG
Product Glossary (2) NVH |
Noise Vibration Harshness
OTR I
Off The Road Tires
PCB I
Printed Curcuit Board
PLT I
Division Passenger & Light Truck Tires
PT I
Division Powertrain
PWM I
Pulse Width Modulation
RV |
Recreational Vehicle
SSR |
Self Supporting Runflat Tires
SUV |
Sport Utility Vehicle
TCS |
Traction Control System
TPMS I
Tire Pressure Monitoring System
Equity and Debt Markets Relations Fact Book FY 2009 135 / © Continental AG
Contact
Equity and Debt Markets Relations Vahrenwalder Str.9 30165 Hannover Germany Telephone: +49 511 938 1163 Fax: +49 511 938 1080 e-mail:
[email protected] www.continental-ir.com
Equity and Debt Markets Relations Fact Book FY 2009 136 / © Continental AG
Rolf Woller Telephone: +49 511 938 1068 e-mail:
[email protected] Gabriele Collatz Telephone: +49 511 938 1915 e-mail:
[email protected]
Continental Financial Calendar 2010 Annual Shareholder’s Meeting
April 28, 2010
Q1, Interim Report
May 4, 2010
HY, Interim Report
July 29, 2010
9M, Interim Report
November 3, 2010
2011 Annual Financial Press Conference
Equity and Debt Markets Relations Fact Book FY 2009 137 / © Continental AG
February 2011
Disclaimer This presentation has been prepared by Continental Aktiengesellschaft. It has not been independently verified. It does not constitute an offer, invitation or recommendation to purchase or subscribe for any shares or other securities issued by Continental AG and neither shall any part of it form the basis of, or be relied upon in connection with, any contract or commitment concerning the purchase or sale of such shares or other securities whatsoever. Neither Continental Aktiengesellschaft nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss that may arise from any use of this presentation or its contents or otherwise arising in connection with this presentation This presentation includes assumptions, estimates, forecasts and other forward-looking statements, including statements about our beliefs and expectations regarding future developments as well as their effect on the results of Continental. These statements are based on plans, estimates and projections as they are currently available to the management of Continental. Therefore, these statements speak only as of the date they are made, and we 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, are realistic or of the date they are made, no guarantee can be given that the expected developments and effects will actually occur. Many factors may cause the actual development to be materially different from the expectations expressed here. Such factors include, for example and without limitation, changes in general economic and business conditions, fluctuations in currency exchange rates or interest rates, the introduction of competing products, the lack of acceptance for new products or services and changes in business strategy. Equity and Debt Markets Relations Fact Book FY 2009 138 / © Continental AG
