Vitesco Technologies Group AG

Investor Presentation • Mar 23, 2023

VITESCO TECHNOLOGIES

FACTBOOK FY 2022

Regensburg, 23.03.2023

Public

DISCLAIMER

This presentation may contain forward-looking statements, estimates, opinions and projections with respect to anticipated future performance of Vitesco Technologies Group AG. These forward-looking statements can be recognized by terms such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", "will" or words with similar meaning. Vitesco Technologies Group AG has made such forward-looking statements on the basis of the information available to it and assumptions it believes to be reasonable. The forward-looking statements and information may involve risks and uncertainties, and actual results may differ materially from those forecasts. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this presentation. Vitesco Technologies Group AG does not assume any obligation to update such forward-looking statements and to adapt them to future events or developments.

This presentation includes certain financial measures such as EBIT, adjusted EBIT, adjusted EBITDA, order intake or net debt, which are not defined by International Financial Reporting Standards (IFRS). These alternative performance measures should be considered in addition, but not as a substitute for the information prepared in accordance with IFRS. Alternative performance measures are not subject to IFRS or other generally accepted accounting principles. Other companies that report similarly titled alternative performance measures may calculate them differently. An explanation of the alternative performance measures can be found in the annual report of Vitesco Technologies Group AG. Rounding differences may occur.

This presentation is for information purposes only. It is not intended to constitute investment advice or an offer to sell, or a solicitation to buy, any securities.

BUILDING AN ELECTRIFICATION POWERHOUSE

• | OVERVIEW VITESCO TECHNOLOGIES
• | MARKET OUTLOOK
• | STRATEGIC SETUP
• | FINANCIAL TARGETS
• | ESG
• | FY 2022 FIGURES

OVERVIEW VITESCO TECHNOLOGIES

AN OVERVIEW OF VITESCO TECHNOLOGIES

EXECUTIVE BOARD OF VITESCO TECHNOLOGIES

DIVISIONAL SETUP TO REFLECT THE TRANSFORMATION AND FOSTER CUSTOMER PROXIMITY AND TRANSPARENCY

DETAILS ABOUT THE VITESCO TECHNOLOGIES SHARE

RELATIVE SHARE PRICE DEVELOPMENT IN FISCAL YEAR 2022

LEGISLATION WILL CONTINUOUSLY FOCUS ON ELIMINATING CO2 EMISSIONS AND SHAPING FUTURE VEHICLE MARKETS

Passenger car fleet CO² emission regulation

Sources: EU: EU monitoring data, CO² emission performance standards Regulation EU 2019/63,1; EU "Fit for 55" Package. USA: US EPA 2021 Automotive Trend Report, EPA Final GHG emission rule 2021. China: Internal information. Note: Data is not directly comparable as different test procedures apply.

THE TREND TOWARD ELECTRIFICATION HAS ACCELERATED EVEN FURTHER

Electrification share in global light vehicle production

Source: Current assumption based on S&P Global Mobility, Light Vehicle Powertrain Forecast (08/2022). Previous assumption based on Roland Berger, "Powertrain Market" Study, 12/2020. BEV: Battery Electric Vehicle. PHEV: Plug-in Hybrid Electric Vehicle. FHEV: Full Hybrid Electric Vehicle. ICE: Internal Combustion Engine. 1 Increase in BEV penetration refers to current assumption compared to assumption from previous CMD for the same period.

ELECTRIC COMPONENTS WILL LARGELY REMAIN OUTSOURCED TO SUPPLIERS BY 2025 AND BEYOND

Source: Company estimates. 2030 is based on the assumption of a consistent sourcing strategy from OEMs compared to 2025e. Notes: ¹ Suppliers may still deliver components (e.g., power module or stator or rotor) since OEMs production are typically not fully vertically integrated.

VITESCO TECHNOLOGIES PORTFOLIO OFFERS SUPERIOR CONTENT PER VEHICLE OPPORTUNITIES

Notes: ICE: Internal Combustion Engine. CPV: Content Per Vehicle.

Source: ¹ Company estimate based on expert studies prepared in cooperation with Vitesco Technologies. Reflects the CPV opportunity for the portfolio offering in 2018. 2 Roland Berger, "Powertrain Market" Study, 12/2020. Reflects the CPV opportunity for the current portfolio offering.

POWERTRAIN SOLUTIONS DELIVERS CASH AND VALUE FOR THE TRANSFORMATION

Cash generation and high profitability for our self-funded transformation

Leveraging our products with leading market position

Re-deploying existing technologies into new product applications

Growing our aftermarket and 2-wheeler business

Phasing out non-core technologies and Contract Manufacturing

Hydraulics & Turbocharger¹ Aftermarket & Non-Automotive

PHASE-OUT OF NON-CORE TECHNOLOGIES AND CONTRACT MANUFACTURING IS WELL ON TRACK

Sales distribution of Powertrain Solutions division

POWERTRAIN PORTFOLIO CONTRIBUTES STRONGLY TO A CLEAN AND EFFICIENT MOBILITY

Leading market position products contributing to clean and efficient mobility

Leveraging products with leading market position

>60 mn

New vehicles with combustion engine even in 2030e¹

Profitability of Powertrain Solutions Division

Vitesco business is resilient and ensures a sustainable cash generation

>15% CAGR

Strong aftermarket sales growth²driven by ICE vehicles in operation

>10% Double-digit adj. EBIT2 margin in 2026e

>65% Cash conversion rate in 2022e3

Commercial vehicles sales⁴

ICE: Internal Combustion Engine. ¹ Source: S&P Global Mobility, Light Vehicle Powertrain Forecast (08/2022). S&P Global Mobility, Medium/Heavy CV Engine Production Forecast (07/2022). Company estimates. ² From FY 2021 to FY 2026e. ³Defined as (Adj. EBITDA – Capex) / Adj. EBITDA. Already considering closing of Catalysts & Filters product line divestment. ⁴ In FY 2021

DIVISIONAL SETUP WILL ENSURE THE FUTURE SUCCESS OF VITESCO TECHNOLOGIES

ELECTRIFICATION SOLUTIONS MAKES MOBILITY CLEAN, SAFE AND AFFORDABLE

FULL SYSTEM SUPPLIER WITH MORE THAN 15 YEARS OF EXPERIENCE IN ELECTRIFIED PROPULSION

Systems and components for the powertrain of battery electric vehicles

Solutions for 400V and 800V architectures

Propulsion scenario agnostic product design covers also mild, full and plug-in hybrids

Modular solutions with tailormade interfaces to meet our customers' demand

Extensive expertise in system and software development across all products

OUR DNA: WE USE OUR ELECTRONICS EXPERTISE TO DRIVE MODULAR AND SCALABLE SYSTEMS AND COMPONENTS

Modular & scalable platforms: our 4th generation inverter

• Stand-alone and axle drive integrated
• Capability to power magnet and magnet-free motors
• Power modules with Si and SiC
• 400V / 800V readiness, in same package

More than 30 years of expertise in electronics, software and systems

• 9 out of 10 top OEMs rely on our control units1

• 400 mn electronic units shipped to the market

Re-deployment in manufacturing and HW & SW modules

System

Transmission Controller re-deploy

Engine Controller

Battery Mgmt.

Master/Zone Controller

Flexible business models: from components to systems

For any customer sourcing strategy: Attractive solutions covering components and complete systems

HW: Hardware. SW: Software.

¹ Top 10 OEM per volume in 2021 worldwide. ²For Master Controller and Battery Management System. ³According to ISO26262 and ISO21434.

OUR PLAN: WE AIM FOR SUCCESSFUL EXECUTION EXCELLENCE FROM EVERY ANGLE

We produce in the market, for the market

Local for local production >80%

29

New electrification production lines installed in 2021 and 2022¹

Our transformation benefits from wellestablished global supply chains

Electrification supplier need covered by existing supplier

Vehicles equipped with our electrification solutions²

base

90%

>4.5 mn

Electronics, electromechanics & metal parts share of total purchasing volume³

Electronics

30+ years production experience

Mechanics

We continuously improve project execution along the product life cycle

R&D efficiency Implementation of agile methodology to system and software scope

Aquisition Development

Project safeguarding

Quote maturity assessment for all main platforms resulting in significantly improved project-first-time-right rate

Project excellence Leadership team members support as champion for key projects

Note: Flags represent the number of Electrification Solutions division' production locations in the respective regions. ¹ Production of certain products requires more than one production line. ²As of 06/2022. ³ Mechanics related to electrification products.

STRATEGIC PARTNERSHIPS WILL ENSURE LEADING TECHNOLOGY AND EFFICIENT E-MOBILITY SOLUTIONS

Supplier partnerships¹ Customer partnerships¹

Semiconductor & raw material

• Cooperation with key semiconductor suppliers

• Securing technologies access and supply for silicon carbide (SiC) and gallium nitride (GaN)

• Working on additional partnerships in the areas of eSteel, magnets, aluminum die cast, among others

Integrated power electronics

• Strategic partnership with an electrification pioneer and one of the largest BEV manufacturers

• Development and production of highly integrated & compact power electronics (45% volume reduction)

¹Selected partnerships.

THE ELECTRIFIED BUSINESS CAGR OF ~ 40% WILL CONTINUE TO DRIVE OUR OVERALL MID-TERM GROWTH

Figures for 2026e and 2030e represent targeted organic sales development of Vitesco Technologies in the respective year. CAGR: Compound annual growth rate.

OUR ELECTRIFIED BUSINESS WILL BE THE KEY GROWTH DRIVER IN THE UPCOMING YEARS AND BREAK EVEN BY 2024

Electrified business (sales in € mn)

ET BU: Electrification Technology Business Unit. Source: Company information. Notes: ¹Order backlog defined as sum of cumulative order intake not yet booked as sales. As per end of 06/2022. ² Before consolidation, amortization of intangibles from PPA and special effects. ³Break-even is subject to Vitesco Technologies' ability to pass-on inflationary effects, especially regarding input material.

SCALE EFFECTS AND OPERATIONAL IMPROVEMENTS WILL RESULT IN 7 TO 9 PERCENT ADJUSTED EBIT MARGIN IN 2026

Figures for 2026e and 2030e represent targeted adjusted EBIT development of Vitesco Technologies in the respective year. Adjusted EBIT before consolidation, amortization of intangibles from PPA and special effects.

ELECTRIFICATION ORDERS CONTINUED TO INCREASE SIGNIFICANTLY THROUGHOUT FY 2022

Order Backlog of 58.51 (€ bn)

Order intake defined as sum of acquired lifetime sales within the respective fiscal year. Order backlog defined as sum of cumulative order intake not yet booked as sales. ¹Status FY2022. ² Underlying business excluding electrified part of underlying business.

WELL-POSITIONED TO BE A WINNER IN ELECTRIFICATION HAVING THE FINANCIAL BASE TO FUND THE TRANSFORMATION

Summary of our 2026e mid-term targets

Group sales CAGR1		Capex3 % of sales	~6.0%
Powertrain Solutions	Electrification Solutions
CAGR1 to decrease in mid-single digits due to phase-out	CAGR1 of above 20% targeted, with €5 bn electrification sales		Free cash flow4	>€400 mn
Group adj. EBIT2 margin 7.0 – 9.0%		Group	Net debt /	<1.0x
Powertrain Solutions	Electrification Solutions		adj.EBITDA5
Double-digit adj. EBIT2 margin in 2026e	7.0 to 9.0% adj. EBIT2 margin to be achieved by 2026e		Dividend payout6	15–30%

Source: Company information. Notes: Phase-out timeline may vary depending on strategic decisions and customer demand. ¹ Mid-term growth target as a CAGR based on FY 2021. ² Before consolidation, amortization of intangibles from PPA and special effects. ³ Capex excluding right of use assets (IFRS 16). ⁴ Free cash flow calculated as operating cash flow and investing cash flow. ⁵ Before consolidation and special effects. ⁶Dividend payout defined as dividend payment divided by net income attributable to shareholder.

WE DELIVER ON OUR ESG TARGETS AND DEMONSTRATE A POSITIVE DEVELOPMENT IN OUR KPIS

1 Definition according to GHG Protocol Corporate Standard. Includes the relevant production and research and development sites. Calculated using the market-based calculation method of the GHG Protocol Scope 2 Guidance. Where no contract-specific emission factors were available, the standard emission factors from Defra, IEA and GHG Protocol were used. Includes the purchase of biomethane. | 2 Defined as the proportion of waste (excl. construction waste) that has been recycled or sent for material recycling, waste-to-energy technologies or other use. | 3 Basis: Strategic Supplier List (SSL); suppliers must meet various requirements to be listed as a strategic supplier.

ESG: COMMITTING TOWARD CLIMATE NEUTRALITY ALONG THE ENTIRE VALUE CHAIN BY 2040 AT THE LATEST

¹According to Greenhouse Gas (GHG) Protocol. ² According to Greenhouse Gas (GHG) Protocol, Science-Based Targets initiative (SBTi), Global Reporting Initiative (GRI), Task Force on Climate-Related Financial Disclosure (TCFD), Carbon Disclosure Project (CDP). ³Referring to scope 1, 2 and 3 CO2 emissions as defined by the Greenhouse Gas Protocol, World Resources Institute (WRI), World Business Council for Sustainable Development.

ESG: HUMAN RIGHTS DUE DILIGENCE AND SUPPLY CHAIN DUE DILIGENCE PROCESSES ARE WELL-ESTABLISHED BY 2023

Currently ongoing

Integrating Human Rights management system into existing management systems

Conducting Human Rights trainings both for employees and

suppliers

Preparing legal readiness check by independent external agency in November 2022

Published Human Rights Policy and Code of Conduct for employees and business associates

Joined the Responsible Business Alliance¹

Risk assessment of own operations finalized, assessment of supply chain ongoing

Fully compliant with the German Supply Chain Act by 2023

ESG: SOLID GOVERNANCE AND COMPLIANCE STRUCTURE IS THE BACKBONE OF BUSINESS ACTIVITIES

Accountability

• Experienced and diverse supervisory board with proven industry and financial experts

• Implementation of additional risk mitigating structures such as compliance management system

Transparency

• Prime standard listing, the highest level of transparency in European stock markets

• Publication of additional information such as our sustainability report or comprehensive data on governance

Fairness

• Consideration and management of different stakeholder expectations

• Human Rights Policy and Code of Conduct as basis for economic decision making

Responsibility

• Organizational structures and responsibilities are clearly defined in our Rules of Cooperation

• Ensuring sustainable development by committing to climate protection goals and stakeholder demands

German Corporate Governance Codex provides the foundation of our governance structures

WE CONCLUDED A SUCCESSFUL FY 2022 DESPITE CHALLENGING CONDITIONS

9,070

€ million sales in FY 2022 – continued market outperformance in a challenging environment.

46%

electrification share of the total order backlog of 58.5 € billion at year-end 2022.

223€ million

adjusted EBIT – Large part of gross price increases passed on to customers. 2.5%

increase in adj. EBIT margin in Electrification Technology BU.

9pp 10.4

€ billion electrification order intake during FY 2022; total order intake at 14.0 € billion.

1,082

€ million total electrification sales during FY 2022.

PROFITABILITY AND CASH FLOW AT THE UPPER END OF OUR UPDATED GUIDANCE

Vitesco Technologies Group (€ mn)
	2022E	2022A
Sales	9,000 to 9,200	9,070
Adj. EBIT Margin	2.3% to 2.5%	2.5%
Special Effects	50 to 100	79
Capex1 Ratio	~5%	4.9%
Free Cash Flow	>75	123

Market Development
	2022E	2022A
China	5% to 7%	6.2%
Europe	-3% to -1%	-1.3%
NA	10% to 12%	9.3%
RoW	7% to 9%	9.5%
World	5% to 7%	6.2%

Light Vehicle Production Forecast for changes of FY 2022 production compared to FY 2021. Based on IHS Markit, Light Vehicle Production Forecast as of 01/2023. Adj. EBIT before amortization of intangibles from PPA, consolidation and special effects. Free cash flow defined as operating cash flow plus investing cash flow. | 1 Capex excluding right of use assets (IFRS 16).

OUR TRANSFORMATION RESULTED IN IMPROVED KEY FIGURES IN ALL MAJOR AREAS

	FY 2021	FY 2022	Delta
Sales	8,348.5	9,070.0	721.5
% growth	4.0%	8.6%	4.6pp
Adj. EBIT	148.5	222.9	74.4
% Margin	1.8%	2.5%	0.7pp
EBIT	39.5	143.3	103.8
% Margin	0.5%	1.6%	1.1pp
Capex1	441.4	446.6	5.2
% of sales	5.3%	4.9%	-0.4pp
Free Cash Flow	113.3	123.2	9.9
% Margin	1.4%	1.4%	0.0pp
Equity Ratio	36.3%	40.3%	4.0pp

Vitesco Technologies Group (€ mn) Highlights and Recent Developments

Sales

• Impact from FX: 5.2%
• €1,082 mn electrification sales

Adjusted EBIT

Significant increase in profitability despite higher input costs and continued supply chain shortages

Free Cash Flow

Cash generation benefits from increased profitability, VAT reimbursements and reporting date related effects

Equity Ratio

Equity ratio above 40% due to positive full year result and higher Other Comprehensive Income from pension revaluation

CORE BUSINESS CONTINUES TO OUTPERFORM THE MARKET IN CHALLENGING CONDITIONS

Light vehicle production Year-on-year growth rates (in %) ¹ (mn units)

	22 Production	22 ∆ YoY
Europe	15.3	-1.3%
North America	14.4	+9.3%
China	26.4	+6.2%
Rest of World	25.9	+9.5%
Worldwide	82.0	+6.2%

• European market development burdened by the war in the Ukraine – Chinese market recovery suffers from pandemic related shutdowns especially in H1 2022
• OEM production focus was on electric vehicles and premium platforms

Highlights and Comments Highlights and Comments

• Top-line development underlines transformation progress: Core outperforms the market while Non-Core sales decrease according to plan
• Germany and North America contribute with more than 20% growth year-on-year

WE MANAGED TO SIGNIFICANTLY IMPROVE OUR PROFITABILITY DESPITE MAJOR HEADWINDS IN THE INDUSTRY

ELECTRIFICATION TECHNOLOGY ACHIEVES AGAIN MOST DYNAMIC TOP LINE DEVELOPMENT ACROSS ALL BUSINESSES

ELECTRONIC CONTROLS RECOVERY TOWARDS THE END OF THE YEAR DRIVEN BY CORE TECHNOLOGIES PERFORMANCE

DOUBLE-DIGIT MARGINS IN SENSING & ACTUATION CORE TECHNOLOGIES DESPITE CHALLENGING MARKET CONDITIONS

CONTRACT MANUFACTURING IN LINE WITH PHASE-OUT PLAN

Organic Growth: Sales without effects from consolidation and FX. Adj. EBIT before amortization of intangibles from PPA, consolidation and special effects.

CASH FLOW IMPROVEMENTS DUE TO STRONG OPERATIONAL PERFORMANCE AND EARLY PAYMENTS MADE BY CUSTOMERS

EQUITY RATIO AND NET DEBT DEMONSTRATE OUR STRONG AND SOLID BALANCE SHEET

• Increase in net working capital driven by higher inventory and A/R levels
• Mid-term working capital intensity anticipated to range between 5% to 6%
• Net debt/LTM adj. EBITDA ratio remains at solid level and demonstrates comfortable liquidity situation
• Increase in equity to more than €3 bn due to positive full year result and higher Other Comprehensive Income from pension revaluation

QUARTER FOUR SHOWS STRONGEST FINANCIAL PERFORMANCE IN FISCAL YEAR 2022

• Semi shortages, China lockdowns and war in Ukraine led to a difficult start into fiscal year 2022

• Profitability, especially in H1, suffered from higher gross input costs from material, energy and freight

• Compensation payments from customers resulted in a strong Q4

• Special effects in FY2022 led to distortion of seasonal pattern

FURTHER TOP- AND BOTTOM-LINE IMPROVEMENTS EXPECTED DESPITE SIGNIFICANT HEADWINDS

Vitesco Technologies Group (€ mn)
	2022	2023E
Sales	9,070	9,200 to 9,700
Adj. EBIT Margin	2.5%	2.9% to 3.4%
Capex1 Ratio	4.9%	5% to 6%
Free Cash Flow	123	~50

China ~1% to 3% Europe ~5% to 7% NA ~5% to 7% RoW ~3% to 5%		Market Outlook
	World		~3% to 5%

Light Vehicle Production Forecast for changes of FY 2023 production compared to FY 2022 based on IHS Markit, 01/2023.

Adj. EBIT before amortization of intangibles from PPA, consolidation and special effects. Free cash flow defined as operating cash flow plus investing cash flow. | 1 Capex excluding right of use assets (IFRS 16).

ANALYST SHEET QUARTERLY FIGURES – FY 2022

in € mn	Q1 2021*	Q2 2021*	Q3 2021*	Q4 2021*	FY 2021	Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022
Sales VT Group	2,302.0	2,094.9	1,913.8	2,037.8	8,348.5	2,258.6	2,165.0	2,300.1	2,346.3	9,070.0
(% y/y) growth	8.9%	61.8%	-13.0%	-15.8%	4.0%	-1.9%	3.3%	20.2%	15.1%	8.6%
Production1 Global (mn units) For comparison: Light Vehicle	20.66	18.75	16.61	21.18	77.20	19.95	19.03	21.52	21.87	82.4
(% y/y) growth	15.8%	48.3%	-19.1%	-10.2%	3.5%	-3.4%	1.5%	29.6%	3.3%	6.7%
Sales Electrification Technology	165.2	147.2	128.9	145.8	587.1	161.7	147.0	147.2	236.0	691.9
(% y/y) growth	86.2%	188.1%	-2.6%	9.0%	44.6%	-2.1%	-0.1%	14.2%	61.9%	17.9%
Sales Electronic Controls	984.4	888.9	806.8	855.8	3,535.9	946.3	922.2	1,032.3	1,029.9	3,930.7
(% growth y/y)	3.7%	53.5%	-19.1%	-23.0%	-2.8%	-3.9%	3.7%	27.9%	20.3%	11.2%
Thereof Core Technologies	602.2	547.7	503.0	553.5	2,206.4	604.8	621.5	704.0	734.1	2,664.4
(% growth y/y)	1.0%	42.1%	-22.5%	-19.7%	-4.9%	0.4%	13.5%	40.0%	32.6%	20.8%
Sales Sensing & Actuation	876.5	807.9	746.7	786.1	3,217.2	885.9	844.4	879.9	863.9	3,474.1
(% growth y/y)	11.5%	67.0%	-3.7%	-9.8%	10.3%	1.1%	4.5%	17.8%	9.9%	8.0%
Thereof Core Technologies	674.0	625.1	603.3	632.3	2,534.7	713.1	673.3	683.3	672.8	2,742.5
(% growth y/y)	12.4%	61.8%	2.9%	-4.9%	13.3%	5.8%	7.7%	13.3%	6.4%	8.2%
Sales Contract Manufacturing	285.7	260.4	241.0	262.9	1,050.0	278.9	270.0	262.3	242.2	1,053.4
(% y/y) growth	-3.4%	40.2%	-20.8%	-16.2%	-4.5%	-2.4%	3.7%	8.8%	-7.9%	0.3%
Adjusted EBIT VT Group	17.1	Updaten 64.7	24.5	42.2	148.5	45.2	32.9	47.9	96.9	222.9
(% margin)	0.7%	3.1%	1.3%	2.1%	1.8%	2.0%	1.5%	2.1%	4.1%	2.5%
Adjusted EBIT Electrification Technology	-73.3	-66.1	-69.2	-64.4	-273.0	-68.1	-69.7	-71.0	-48.9	-257.7
(% margin)	-44.4%	-44.9%	-53.7%	-44.2%	-46.5%	-42.1%	-47.4%	-48.2%	-20.7%	-37.2%
Adjusted EBIT Electronic Controls	1.8	50.7	30.1	36.5	119.1	22.0	19.7	44.5	80.0	166.2
(% margin)	0.2%	5.8%	3.8%	4.3%	3.4%	2.3%	2.1%	4.3%	7.8%	4.2%
Thereof Core Technologies	-2.2	41.3	21.3	62.7	123.1	12.4	7.2	57.1	87.9	164.6
(% margin)	-0.4%	7.7%	4.3%	11.5%	5.5%	2.1%	1.2%	8.1%	12.0%	6.2%
Adjusted EBIT Sensing & Actuation	67.1	71.2	53.5	75.4	267.2	84.3	84.1	78.0	81.6	328.0
(% margin)	7.7%	8.9%	7.2%	9.6%	8.4%	9.5%	10.0%	8.9%	9.4%	9.4%
Thereof Core Technologies	62.5	84.9	58.3	60.1	265.8	93.4	89.9	87.5	70.3	341.1
(% margin)	9.3%	13.6%	9.7%	9.5%	10.5%	13.1%	13.4%	12.8%	10.4%	12.4%
Adjusted EBIT Contract Manufacturing	20.8	12.1	10.4	-0.6	42.7	9.2	8.2	1.9	-5.5	13.8
(% margin)	7.3%	4.6%	4.3%	-0.2%	4.1%	3.3%	3.0%	0.7%	-2.3%	1.3%

Restatement of 2021 figures due to consolidation changes. Rounding differences may occur.

¹Based on IHS Markit, Light Vehicle Production Forecast as of 02/2023

Capex excluding right of use assets (IFRS 16)

Until Q2 2021, de facto cash position including payables and receivables from financing with Continental AG

Net financial debt prior to spin-off can not be reconciled between cash and short- and long-term financial debt due to intercompany financing with Continental AG

*

ANALYST SHEET QUARTERLY FIGURES – FY 2022

in € mn	Q1 2021*	Q2 2021*	Q3 2021*	Q4 2021*	FY 2021	Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022
Research & Development Expenses (net)	197.4	187.4	170.0	137.9	692.7	179.4	188.5	171.7	-120.8	660.4
(% of sales)	8.6%	8.9%	8.9%	6.8%	8.3%	7.9%	8.7%	7.5%	-5.1%	7.3%
Depreciation & Amortization	156.8	147.4	155.9	24.3	484.4	134.9	141.5	143.0	140.6	560.0
(% of sales)	6.8%	7.0%	8.1%	1.2%	5.8%	6.0%	6.5%	6.2%	6.0%	6.2%
EBT	9.8	39.4	-56.0	40.4	33.6	21.8	24.9	1.3	50.0	98.0
(% margin)	0.4%	1.9%	-2.9%	2.0%	0.4%	1.0%	1.2%	0.1%	2.1%	1.1%
Effective Tax Rate	424.0%	99.5%	-63.4%	97.5%	463.1%	151.8%	-47.4%	1169.2%	75.8%	75.9%
Net Result	-31.7	0.2	-91.5	1.0	-122.0	-11.3	36.7	-13.8	12.0	23.6
(% margin)	-1.4%	0.0%	-4.8%	0.0%	-1.5%	-0.5%	1.7%	-0.6%	0.5%	0.3%
Operating Cash Flow VT Group	240.8	105.0	-134.6	207.7	418.9	108.2	105.2	80.5	298.2	592.1
(% sales) of	10.5%	5.0%	-7.0%	10.2%	5.0%	4.8%	4.9%	3.5%	12.7%	6.5%
Capex VT Group	44.3	101.7	118.2	177.1	441.3	52.1	112.5	88.9	193.1	446.6
(% of sales)	1.9%	4.9%	6.2%	8.7%	5.3%	2.3%	5.2%	3.9%	8.2%	4.9%
Free Cash Flow VT Group	239.1	65.7	-213.2	21.7	113.3	48.2	1.6	-16.3	89.7	123.2
(% of sales)	10.4%	3.1%	-11.1%	1.1%	1.4%	2.1%	0.1%	-0.7%	3.8%	1.4%
Balance Sheet Total	8,248.4	8,289.6	7,123.2	7,408.1	7,408.1	7,901.0	7,802.6	7,895.5	7,603.7	7,603.7
Equity Ratio	33.8%	32.0%	37.1%	36.3%	36.3%	35.9%	40.4%	40.7%	40.3%	40.3%
Working Capital	423.7	309.1	495.2	366.4	366.4	437.0	415.4	592.8	455.2	455.2
Working Capital/LTM Sales	5.2%	3.4%	5.7%	4.4%	4.4%	5.3%	5.0%	6.8%	5.0%	5.0%
Short- and Long-Term Financial Debt	738.6	1,156.1	193.4	268.9	268.9	483.3	469.8	480.4	447.7	447.7
Cash & Cash Equivalents (as stated)	273.6	971.8	583.9	614.0	614.0	857.4	810.1	782.7	781.1	781.1
Cash & Cash Equivalents (de facto cash until Q2/21)	881.5	817.4	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.
Net Financial Debt	-642.1	-580.4	-390.5	-345.1	-345.1	-374.1	-340.3	-302.3	-333.4	-333.4
Net Financial Debt/LTM adj. EBITDA	-1.3	-0.8	-0.6	-0.5	-0.5	-0.5	-0.5	-0.4	-0.4	-0.4

Restatement of 2021 figures due to consolidation changes. Rounding differences may occur.

¹Based on IHS Markit, Light Vehicle Production Forecast as of 02/2023

Capex excluding right of use assets (IFRS 16)

Until Q2 2021, de facto cash position including payables and receivables from financing with Continental AG

Net financial debt prior to spin-off can not be reconciled between cash and short- and long-term financial debt due to intercompany financing with Continental AG

*

Thank you

CONTACT OUR INVESTOR RELATIONS TEAM

Heiko Eber

Head of Investor Relations Phone: +49 941 2031-72348 Email: heiko.eber@vitesco.com

Jens von Seckendorff

Senior Investor Relations Manager

Phone: +49 941 2031-6381 Email: jens.von.seckendorff@vitesco.com

Gagan Sehgal

Investor Relations Manager

Phone: +49 941 2031-3099 Email: garish.gagan.sehgal@vitesco.com