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Continental AG

Annual Report • May 6, 2014

83_ip_2014-05-06_ff85e3b7-a523-4055-a2d2-7c253253e513.pdf

Annual Report

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Q1 2014 Results Hanover – M 6 2014 May 6,

http://www.continental-ir.com

AGENDA

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1) Corporation Highlights Most Important KPIs Q1 2014

  • ›Sales up by 4% to €8.4 bn; organic sales growth in Q1 2014 at 8%
  • › Adj EBIT Adj. EBIT1 up by 20% to €953 mn; adj EBIT1 margin at 11 4% up 140 bps 1 adj. 11.4% (PPA and special effects -€49 mn)
  • › NIAT2up by 33% to €588 mn
  • › Free cash flow amounted to €64 mn mainly due to higher EBIT and lower cash interest
  • ›Net indebtedness down to €4.2 bn; gearing ratio at 43%; equity ratio at 35%
  • › Accelerated value creation: value trailing ROCE 3 up by 120 bps to 20.6 %

Other topics:

  • › S di t d l f ll d Syndica ed loan success ully renewe d; conditi d d t ti fl t ditions an documentation reflectinvestment grade rating assigned by S&P, Fitch and Moody's in 2013
  • › Emitec acquisition: Continental and Emitec to form a s ystem provider for emission q y p technologies
  • 1Before amortization of intangibles from PPA, consolidation and special effects
  • 2Attributable to the shareholders of the parent

3Trailing ROCE is calculated as reported EBIT for the last twelve months (LTM) divided by average operating assets (OA) for the LTM

1) Corporation Highlights Divisional Highlights Q1 2014 Q1

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1Before amortization of intangibles from PPA, consolidation and special effects

2 Operatin g leverage is defined as delta adj. EBIT1 divided by delta sales Ope at g e e age s de ed de ta adj d ded de ta sa es

1) Corporation Highlights

Sales and Adjusted EBIT1 EBIT by Quarter

1Before amortization of intangibles from PPA, consolidation and special effects

1) Corporation Highlights Sales and Adjusted EBIT1 EBIT by Group

1Before amortization of intangibles from PPA, consolidation and special effects

1) Corporation Highlights

Growth Profile of the Corporation Q1 2014 (in %) 2014

1) Corporation Highlights Sustainable Value Creation

2Trailing ROCE is calculated as reported EBIT for the last twelve months (LTM) divided by average operating assets (OA) for the LTM

Q1 2014 Results – May 6, 2014 EDMR – Equity and Debt Markets Relations 8

1) Corporation Highlights New Facility Comparison of Key Terms

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1) Corporation Highlights

Pro Forma Maturities1 for Syndicated Loan and Bonds 2 Maturities (mn €) 1

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1Pro forma for new syndicated loan maturities – Term loan April 2016 and Revolving Credit Facility (RCF) April 2019 2

All amounts shown are nominal values

3Any utilization under the RCF has to be shown as short term debt according to IFRS although the RCF matures in 04/19 and has a total volume of €3,000 mn

4 Nominal amount US \$950 mn (exchange rate as at March 31, 2014: 1.3798)

Q1 2014 Results – May 6, 2014 EDMR – Equity and Debt Markets Relations 10

Syndicated Loan

Bonds

2) Automotive Group Benefitting from Stabilization in European Production

›Sales increased by €218 mn in Q1/14; organic sales growth in Q1/14 at 8.9%

  • ›Adjusted EBIT1 increased by €72 mn, operating leverage2 at 33% in Q1/14
  • ›Adjusted EBIT1 margin at 8.2% (PY: 7.2%)
  • ›R&D expenses increased by 10% to €469 mn

1Before amortization of intangibles from PPA, consolidation and special effects

2Operating leverage is defined as delta adj. EBIT1 divided by delta sales

2) Automotive Group Adj EBIT1 Margin up by 100 bps Adj. Margin bpsAutomotive Group Sales (mn €) Q1/14 Automotive Group Adj. EBIT1 (mn €) Q1/14

1 6991,579 1,699285,129 11.5% 8.9% -1,878 6.4%8.7%Chassis & Safety Powertrain Interior cons. AutomotiveGroup Organic growth (%) 1

Reported sales change

  • ›Chassis & Safety: 4.8%
  • ›Powertrain: 3.5%
  • ›Interior: 4.9%
  • ›Automotive Group: 4.4%

1Before amortization of intangibles from PPA, consolidation and special effects

%

  • ›Reported EBITDA: €634 mn (12.4% of sales)
  • ›Reported EBIT: €375 mn (7.3% of sales)
  • & € ( % f ) › R&D: €469 mn (9.1% of sales)›
  • Capex: €159 mn (3.1% of sales)

2) Automotive Group

Powertrain+ EMITEC = System Provider of Emission Technologies System

3) Rubber Group Adjusted EBIT EBIT1 Margin Profiting from Raw Material Prices Prices

  • ›Sales increased by €139 mn in Q1/14
  • › Tire volumes grew by 9% during the quarter; F/X had a negative effect on tire revenues of about 5% while P/M was neutral in Q1/14
  • › Sales at ContiTech increased by 4.7% organically during the quarter on strong OE automotive and aftermarket business
  • ›Adjusted EBIT1 up by €82 mn mainly due to lower raw material cost

1Before amortization of intangibles from PPA, consolidation and special effects

3) Rubber Group

Profitability Remains at Elevated Level at

Reported sales change

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1Before amortization of intangibles from PPA, consolidation and special effects

Rubber Group Sales (mn €) Q1/14 Rubber Group Adj. EBIT1 (mn €) Q1/14

›Reported EBITDA: €689 mn (21.1% of sales)

  • ›Reported EBIT: €556 mn (17.0% of sales)
  • ›R&D: €76 mn (2.3% of sales)
  • ›Capex: €182 mn (5.6% of sales)

3) Rubber Group Stabilization in Demand Continues

PC & LT Tire Replacement (YOY chg. monthly) 1

Replacement Tire Demand for PC & LT NAFTA

Vehicle miles YOY chg. (DOT)

1U.S. Department of Transportation Q1 2014 Results – May 6, 2014 EDMR – Equity and Debt Markets Relations 16

3) Rubber Group

Expected Raw Material Price Development in 2014 Update 2014 -

  • › Natural rubber price (TSR 20) expected to average US \$2 30 \$2.30in 2014 (before: US \$2.50)
  • › Synthetic rubber price (butadiene f d t k) f t d t feedstock) forecasted to average US \$1.50 in 2014
  • › €80 mn tailwind from natural and th ti bb t t dsynthetic rubber cost expected for 2014 (before: no impact)
  • › Oil based chemicals, textile and carbon black to increase YOY
  • › However, we expect rubber prices to increase in the course stabilizes

1Source: Bloomberg and Continental estimates for 2014

4) Indebtedness and Cash Flow Net Indebtedness Bridge

4) Indebtedness and Cash Flow

Development of Net Indebtedness and Gearing Ratio Indebtedness

4) Indebtedness and Cash Flow Cash Flow Overview

5) Outlook Passenger Car & Light Truck Production by Quarter

Europe (mn units)

NAFTA (mn units)

Source: IHS and own estimates

5) Outlook Market Outlook for Major Regions 2014

1 Passenger car & light truck <6t 2

Heavy vehicles >6t 3

Passenger car & light truck replacement

4Commercial vehicle replacement (radial & biased) Q1 2014 Results – May 6, 2014 EDMR – Equity and Debt Markets Relations 22

5) Outlook Continental 2014 1

2
0
1
3		 2
0
1
4
E
C
l
i
d
d
l
&
t
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n
s
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B
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n		 €
3
3
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1
1.
3
%		 T
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3
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(
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0
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5
7
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1.
6
b
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1
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m
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R
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4
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n		 €
8
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e		 €
8
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n
1
8
%		 €
4
0
0
<
m
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3
0
%
<
C
a
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x
P
P
A
i
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t
t
a
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a
o
n		 €
2
0
b
n
€
3
7
1
m
n		 C
d
6
%
f
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t
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€
1
9
0
t
t
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a
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n
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m
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~
F
h
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c
a
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o
w		 €
1.
8
b
n		 M
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€
1.
2
b
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f
i
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i
t
t
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e
a
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o
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e
a
c
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u
s
o
n
s

1Potential effects from first time consolidation of Veyance Technology Inc. are not included

2 Before amortization of intangibles from PPA, consolidation (2013 in comparison to 2012) and special effects e o e a o t at o o ta g b es o , co so dat o ( 0 3 co pa so to 0 ) a d spec a e ects

Thank you for your attention!

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Disclaimer

  • › This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the release of the Q1 2014 results on May 6, 2014, in Hanover. 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 or any subsidiary 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 otherwisearising in connection with this presentation 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 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 include, for example and without limitation 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.
  • › All statements with regard to markets or market position(s) of Continental or any of its competitors are estimates of Continental based on data available to Continental Continental. Such data are neither comprehensive nor independently verified verified. Consequently, the data used are not adequate for and the statements based on such data are not meant to be, an accurate or proper definition of regional and/or product markets or market shares of Continental and any of the participants in any market.

Contact Equity and Debt Markets Relations Relations

Vahrenwalder Str. 9 Klaus Paesler30165

Rolf Woller Sabine ReesePh 49 511 938 1068Phone: +49 Ph 49 511 938 1027 Phone: +49

Ingrid Kampf Michael Saemann Phone: +49 511 938 1163 Phone: +49 511 938 1307e-mail: [email protected] www.conti t l nena -ir.com

Hanover Phone: +49 511 938 1316 49 Germany e-mail: [email protected]

e-mail: [email protected] e-mail: [email protected]

Fax: +49 511 938 1080 e-mail: [email protected]

H Shi id Henry Schniewind Phone: +49 511 938 1062e-mail: [email protected]

Continental Financial Calendar

2014

A
l
F
i
i
l
P
C
f
n
n
a
n
a
n
c
a
r
e
s
s
o
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e
r
e
n
c
e
u		 M
h
6
2
0
1
4
a
r
c
,
S
'
A
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h
h
l
d
M
t
i
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a
a
r
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o
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e
n
g		 2
2
0
1
A
i
l
5,
4
p
r
Q
1
F
i
i
l
R
t
n
a
n
c
a
e
p
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r		 M
6
2
0
1
4
a
y
,
f
f
H
H
l
l
Y
Y
F
F
i
i
i
i
l
l
R
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t
t
a
e
a
r
n
a
n
c
a
e
p
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r		 J
l
3
3
1
1,
2
0
1
4
u
y
N
i
M
h
F
i
i
l
R
t
t
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o
n
n
a
n
c
a
e
p
o
r		 N
b
4
2
0
1
4
o
v
e
m
e
r
,

2015

A
l
F
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l
P
C
f
n
n
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a
n
a
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c
a
r
e
s
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2
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a
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'
A
A
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3
3
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0
2
0
1
5
p
r
Q
1
F
i
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R
t
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c
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2
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1
5
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r		 2
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1
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b
5
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v
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m
e
r

Continental Share Data / ADR DataADR

Share Data

T
f
h
y
p
e
o
s
a
r
e		 N
l
h
o-
p
a
r
v
a
u
e
s
a
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e
B
l
b
T
i
k
o
o
m
e
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r		 C
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t
T
i
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N
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f
(
(
)
)
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t
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N
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W
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N
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r
m
a
n
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c
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r
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m
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r		 3
9
0
0
5
4
I
S
I
N
N
b
u
m
e
r		 D
E
0
0
0
4
3
9
0
0
4
5
S
h
d
i
M
h
3
1,
2
0
1
4
t
t
t
a
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s
a
n
n
g
a
s
a
a
r
c		 2
0
0,
0
0
9
8
3
5,

ADR Data

R
i
(
d
i
h
A
D
R
)
t
a
o
o
r
n
a
r
y
s
a
r
e
:		 1
5
:
B
l
b
T
i
k
o
o
m
e
r
g
c
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r		 C
T
T
A
Y
R
t
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r
s
c
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r
u		 C
T
T
A
Y
P
K
I
S
I
N
N
b
m
e
r
u		 U
S
2
1
0
7
7
1
2
0
0
0
A
A
D
D
R
R
L
l
e
v
e		 L
1
l
e
v
e
E
h
x
c
a
n
g
e		 O
T
C
S
p
o
n
s
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r		 D
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B
k
T
C
A
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t
t
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s
c
e
a
n
r
u
s
o
m
p
a
n
y
m
e
r
c
a
s

Continental Bond Data

Iss
ue
r		 Co
i-
Gu
i
F
ina
B.
V.
t
n
mm
nc
e
,
1
Ne
he
lan
ds
t
r		 Co
t
ine
ta
l
A
G
n
n		 Co
ine
l
Ru
b
be
f
t
ta
n
n
r o
1
Am
ica
Co
U
S
A
er
rp.
,
,		 Co
t
ine
ta
l
A
G
n
n
Iss
ue		 Se
ior
No
tes
n		 Se
ior
No
tes
n		 Se
ior
No
tes
n		 Se
ior
No
tes
n
Pr
inc
ip
l a
t
a
mo
un		 €
7
5
0 m
n		 €
7
5
0 m
n		 \$
9
5
0 m
n		 €
7
5
0 m
n
O
f
fe
ing
ice
r
p
r		 9
9.
9
%
5
5		 9
8.
9
0
%
5		 1
0
0.
0
0
0
%		 9
9.
2
2
8
%
Ra
ing
iss
da
t
t
te
a
ua
nc
e		 Ba
1
(
Mo
dy
's
)
o
B
B
(
S
&
P
)
2)
B
B
B
(
F
i
tc
h		 Ba
2
(
Mo
dy
's
)
o
B
B
(
S
&
P
)
2)
B
B
(
F
i
tc
h		 Ba
3
(
Mo
dy
's
)
o
B
B-
(
S
&
P
)
2)
B
B
(
F
i
tc
h		 Ba
1
(
Mo
dy
's
)
o
B
B
(
S
&
P
)
2)
B
B
B
(
F
i
tc
h
Cu
&
t c
rre
n
or
p.
3
bo
d
in
t
n
ra
g		 Ba
(
Mo
dy
's
),
B
B
3
a
o		 B
(
S
&
P
),
B
B
B
(
F
i
h
)
tc
Co
up
on		 2.
5
%
p.
a.		 3.
0
%
p.
a.		 4.
5
%
p.
a.		 3.
1
2
5
%
p.
a.
Iss
da
te
ue		 Se
t.
1
9,
2
0
1
3
p		 Ju
l.
1
6,
2
0
1
3		 Se
t.
2
4,
2
0
1
2
p		 Se
t.
9,
2
0
1
3
p
Ma
i
tu
ty
r		 Ma
2
0,
2
0
1
7
r.		 Ju
l.
1
6,
2
0
1
8		 Se
5,
t.
1
2
0
1
9
p		 Se
t.
9,
2
0
2
0
p
S
f p
io
d
fo
ly
ta
t o
r
er
r e
ar
de
ion
(
6
0-
9
0
da
'
t
re
mp
y
s
ior
ice
)
t
p
r
no		 --- --- Se
t.
1
5,
2
0
1
5
p		 ---
In
te
t p
t
t
res
p
a
ay
me
me
n
n		 An
l
nu
a
Ma
2
0
r.		 Se
i a
l
m
nn
ua
Ja
1
6
/
Ju
l.
1
6
n.		 Se
i a
l
m
nn
ua
Ma
1
5
/
Se
1
5
t.
r.
p		 An
l
nu
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Se
9
t.
p
W
K
N		 C
A
1
V
6
B		 A
1
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2
4
V		 G
A
1
9
J
J		 A
1
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3
B
7
I
S
I
N		 X
S
0
9
7
2
7
1
9
4
1
2		 X
S
0
9
5
3
1
9
9
6
3
4		 D
E
0
0
0
A
1
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9
J
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0		 X
S
0
9
6
9
3
4
4
0
8
3
De
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t
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m		 €
1,
0
0
0 w
i
h m
in.
da
b
le
t
tra
€
1,
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0
0
t
am
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n		 €
1,
0
0
0 w
i
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in.
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b
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t
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1,
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0
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1,
0
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b
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t
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1
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0
0
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am
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1,
0
0
0 w
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in.
da
b
le
t
tra
€
1,
0
0
0
t
am
ou
n

1Guaranteed by Continental AG only since April 24, 2014

2Unsolicited rating at date of issuance

3Fitch since Jul. 15, 2013; Moody's since Sept. 19, 2013; S&P since Dec. 6, 2013

Back-up

Q1 2014 Results – May 6, 2014 EDMR – Equity and Debt Markets Relations 30

6) Back-up Overview of Volume Development

Un
its
(
Y
O
Y c
ha
)
ng
e		 Q
/
1
12		 H1
/
12		 M
/
9
12		 F
Y 1
2		 Q
/
1
13		 H1
/
13		 M
/
9
13		 F
Y 1
3		 Q
/
1
14
Ma
ke
da
for
P
C
&
L
T p
du
ion
t
ta
ct
r
ro
E
U		 3
%
-		 4
%
-		 -5
%		 -5
%		 -8
%		 3
%
-		 1
%
-		 0
%		 5
%
N
A
F
T
A		 1
8
%		 2
2
%		 1
9
%		 17
%		 1
%		 4
%		 5
%		 5
%		 4
%
E
U a
d
N
A
F
T
A c
b
ine
d
n
om		 5
%		 6
%		 4
%		 4
%		 -4
%		 0
%		 2
%		 2
%		 5
%
W
l
dw
i
de
or		 9
%		 8
%		 6
%		 6
%		 0
%		 2
%		 3
%		 3
%		 4
%
Co
ine
l
nt
nta
E
lec
tro
ic s
ta
b
i
l
ity
ntr
l
(
E
S
C
)
n
co
o		 1
1
%		 1
2
%		 1
1
%		 1
1
%		 1
3
%		 1
4
%		 15
%		 15
%		 1
4
%
An
t
i
loc
k
ing
bra
ke
(
(
A
B
S
)
)		 9
%		 7
%		 0
%		 -4
%		 -2
4
%		 2
4
%
-		 2
1
%
-		 -1
9
%		 -1
3
%
Bo
ter
os
s		 %
1
6		 %
8		 %
4		 %
4		 %
-4		 %
2
-		 %
0		 %
0		 %
8
Ca
l
ip
ers		 15
%		 8
%		 6
%		 6
%		 2
%		 %
7		 %
7		 6
%		 %
7
A
dva
d
dr
ive
iste
(
A
D
A
S
)
nt
ste
nc
e
r a
ss
sy
ms		 2
%
5		 4
1
%		 2
%
5		 %
5
7		 1
%
5		 %
5
7		 %
5
7		 8
%
5		 3
%
5
En
ine
lec
ic c
l un
its
(
E
C
Us
)
tro
tro
g
e
n
on		 2
%		 4
%
-		 9
%
-		 -1
0
%		 -1
1
%		 8
%
-		 4
%
-		 -1
%		 %
7
In
j
tor
ec
s		 4
%		 4
%
-		 -7
%		 -7
%		 -1
0
%		 -7
%		 3
%
-		 -1
%		 -3
%
Tra
iss
ion
ns
m
s		 2
9
%		 25
%		 1
9
%		 1
6
%		 4
%		 7
%		 1
0
%		 1
2
%		 8
%
Tu
bo
ha
r
c
rg
ers		 2
9
6
%		 2
0
7
%		 17
9
%		 1
0
8
%		 6
4
%
Ma
ke
da
ire
t
ta
t
r
s
C
&
P
L
T r
lac
t t
ire
Eu
ep
em
en
s
rop
e		 %
1
0
-		 %
1
1
-		 %
1
0
-		 %
-8		 %
-1
0		 %
4
-		 %
1
-		 %
-1		 %
6
C
&
P
L
T r
lac
t t
ire
N
A
F
T
A
ep
em
en
s		 %
-5		 3
%
-		 3
%
-		 -2
%		 -2
%		 0
%		 %
4		 %
4		 %
7
Co
ia
l ve
h
ic
le t
ire
O
E
Eu
mm
erc
s
rop
e		 3
%		 -5
%		 -7
%		 -4
%		 -3
%		 0
%		 0
%		 0
%		 1
%
Co
ia
l ve
h
ic
le t
ire
O
E
N
A
F
T
A
mm
erc
s		 -
3
1
%		 25
%		 1
4
%		 2
%		 -1
2
%		 1
3
%		 9
%		 -2
%		 6
%
Co
ia
l ve
h
ic
le r
lac
t t
ire
Eu
mm
erc
ep
em
en
s
rop
e		 27
%
-		 2
6
%
-		 1
9
%
-		 -1
4
%		 5
%		 -
8
%		 -
9
%		 9
%		 15
%
Co
ia
l ve
h
ic
le r
lac
t t
ire
N
A
F
T
A
mm
erc
ep
em
en
s		 1
0
%
-		 9
%
-		 6
%
-		 -2
%		 -1
%		 2
%
-		 2
%
-		 -2
%		 9
%
Co
ine
l
nt
nta
Pa
d
d
l
ig
ht
tru
k t
ire
ss
e
ng
g
e
er
a
an
g
uc
c
es
s		 3
%		 0
%		 0
%		 0
%		 -6
%		 -1
%		 1
%		 2
%		 9
%
Co
ia
l ve
h
ic
le t
ire
mm
erc
s		 0
%		 2
%		 2
%		 2
%		 -4
%		 2
%		 %
5		 6
%		 1
3
%
Co
i
Te
h o
ic s
les
h
nt
t
c
rg
an
a
g
row		 4
%		 3
%		 2
%		 2
%		 -2
%		 0
%		 0
%		 2
%		 5
%

6) Back-up Corporation Highlights Q1 2014

S
l
›
a
e
s		 I
f
4
4
%
€
8,
3
9
0
1
(
P
Y
€
8,
0
3
3
3
)
i
l
8
3
%
t
n
c
r
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a
s
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o
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m
n
:
m
n
;
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B
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1
0
8
%
€
1,
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8
(
P
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€
1,
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6
9
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)
t
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m
n
:
m
n
E
B
I
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›		 €
(
€
)
I
t
9
0
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2
P
Y
7
4
7.
4
n
c
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m
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:
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(
%
)
A
d
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d
j
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€
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€
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5
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+
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c
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c
s
m
n
3
N
I
A
T
›		 €
(
€
)
I
t
5
8
8
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P
Y
4
4
1.
2
n
c
r
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m
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m
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S
E
P
›		 E
P
S
f
€
2
9
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(
P
Y
€
2
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)
o
:
2
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P
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b
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C
›
a
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x		 C
d
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€
3
4
0
9
(
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€
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1.
4
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i
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1
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f
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a
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a
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:
m
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;
c
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2
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i
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0
9
(
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t
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a
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p
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c
a
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c
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x
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x
R
&
D
›		 f
%
%
€
€
E
h
d
d
d
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t
i
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b
8
8
9
9
t
5
5
4
4
4
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1
1
x
p
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s
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s
o
r
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n
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c
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a
s
e
y
o
m
n
(
P
Y
€
4
9
9
8
)
R
&
D
i
6
%
f
l
(
P
Y
6
2
%
)
t
5
:
m
n
;
r
a
o
o
s
a
e
s
:
C
h
f
l
›
a
s
o
w		 O
f
€
€
f
f
€
t
i
h
l
b
4
6
0
2
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4
1
8
8
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l
6
3
5
p
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r
a
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c
a
s
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m
n
w
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;
w
N
t
d
b
t
›
e
e		 N
N
i
i
d
d
b
b
d
d
d
d
b
b
€
4
7
1
€
4
4
2
2
4
4
2
2
2
2
(
(
Y
E
2
0
1
3
)
t
t
t
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t .
e
n
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s
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5,
9
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c
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s
a
m
o
u
n
e
o
m
n

1Before amortization of intangibles from PPA, consolidation and special effects

2Amortization of intangibles from PPA, tax rate of 28% applied for EPS calculation

3Attributable to the shareholders of the parent

Key Historical Credit Metrics – IAS 19 (rev 2011) applied 6 (rev. applied6

1
(
)
€
m
n		 2
0
0
9		 2
0
1
0		 2
0
1
1		 2
0
1
2		 2
0
1
3		 Q
L
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1
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4
C
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F
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S
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T
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s
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e		 2,
3
5
4		 3,
6
6
2		 4,
2
4
7		 4,
8
2
2		 5,
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9
4		 5,
2
7
2
R
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I
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9
1		 3,
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8		 4,
2
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8		 4,
9
6
7		 5,
0
9
5		 5,
2
2
1
N
t
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t
t
i
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e
c
a
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n
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r
e
s
p
a		 2
7
7
-		 0
3
7
-		 6
6
2
-		 5
7
5
-		 3
5
4
-		 1
3
4
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T
i
d
a
p
a
x		 2
0
5
-		 4
9
3
-		 4
6
6
-		 6
8
4
-		 8
0
5
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8
0
-
3
C
h
i
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i
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r
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g
c
a
p
a		 9
5
5		 4
9
7
-		 6
5
5
-		 6
4
5		 4
-		 2
3
4
O
t
h
e
r		 1,
1
7
3		 4
6
-		 2
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6
-		 4
8
8
-		 3
0
-		 1
3
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C
h
f
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i
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w
v		 2,
4
2
7		 1,
8
4
9		 2,
2
8
9		 3,
8
5
7		 3,
2
2
7		 4,
1
8
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C
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8
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7
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1
3
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9
0
4
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9
8
9
-
h
f
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P
E
d
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-		 9
1
1
-		 1,
3
2
4
-		 1,
8
1
3
-		 2,
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8
1
-		 2,
0
2
4
-		 1,
9
4
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C
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f
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a
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a
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v		 1
0 ,
6
4		 5
6
7		 4
9
1		 1
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6
5		 1
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8
1		 2
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1
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B
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C
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s		 1,
7
1
3		 1,
4
7
1		 1,
5
4
1		 2,
3
9
7		 2,
0
4
5		 2,
0
0
8
D
i
i
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d
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s
m
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s		 1
0
4		 2
0
2		 2
4
9		 3
6
5		 3
0
3		 3
0
5
T
t
l
i
d
b
t
d
o
a
n
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s
s		 1
0,
7
1
3		 8,
9
9
1		 8,
5
6
2		 8,
2
5
3		 6,
6
3
8		 6,
5
5
5
N
I
d
b
d
t
t
e
n
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s
s		 8
6 ,
8
9		 7,
3
1
7		 6
2 ,
7
7		 5,
3
2
0		 4
9 ,
2
8		 4
2 ,
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C
d
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i
d
b
d
d
j.
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B
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T
D
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t
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n
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s
s
a		 3.
8
x		 2.
0
x		 1.
6
x		 1.
1
x		 0.
8
x		 0.
8
x
5
N
h
i
i
d
(
R
i
)
t
t
t
t
e
c
a
s
n
e
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e
s
p
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v
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a
g
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a
o		 3.
2
x		 5.
2
x		 6.
4
x		 8.
4
x		 5
9.
x		 1
2.
8
x

Amounts shown may contain rounding differences

2Adjusted EBITDA from 2009 on as defined in syndicated loan but IAS 19 (rev. 2011) not applied in 2012

3Includes changes in inventories, trade accounts receivable, trade accounts payable and discounted notes

4 Includes dividends received, income from at-equity accounted and other investments incl. impairments, gains and losses from disposals, other non-cash items as well as changes in pension and similar obligations (including effects from transactions regarding contractual trust arrangements [CTA] in 2009) and in other assets and liabilities

5 Adj. EBITDA to net cash interest paid 6

Since 2012

6) Back-up Maturities1 for Gross Indebtedness (mn €)

1 Maturities later than 2018 are bond maturities only; all bond and syndicated loan amounts shown are nominal values; maturities do not add up to gross indebtedness amounting to €6,554.9 mn as at Mar. 31, 2014; CP = Commercial Paper; SoR = Sales of receivables (€940.8 mn total amount as at Mar. 31, 2014)

2 Any utilization under the Revolving Credit Facility (RCF) has to be shown as short term debt according to IFRS although the RCF matures in 2018 and has a total volume of €3,000 mn 3Nominal amount US \$950 mn (exchange rate as at March 31, 2014: 1.3798)

Q1 2014 Results – May 6, 2014 EDMR – Equity and Debt Markets Relations 34

Capex and Depreciation & EPS Breakdown Q1 2014 & EPS 2014

Amortization of intangibles from PPA 2

Assuming corporate tax rate of 28%

Automotive Group Financials – Chassis & Safety

  • › Sales increased by 8.7% before consolidation and FX effects
  • › EBITDA increased by €12.2 mn to €254.0 mn (+5.0%)
  • › Adj. EBIT1 increased by €10.7 mn to €179.2 mn (adj. EBIT1 margin 9.5%)
  • › EBIT1 increased by €17 0 mn to EBIT€17.0 to€172.3 mn (EBIT margin 9.2%)
  • ›PPA effect in Q1 2014: -€6.8 mn
  • ›No special effects in Q1 2014

Chassis & Safety Q1 2014

Sales (mn €) EBITDA margin Adj. EBIT margin 1

Automotive Group Financials – Powertrain

  • › Sales increased by 6.4% before consolidation and FX effects
  • › EBITDA decreased by €1.9 mn to €157.0 mn (-1.2%)
  • › Adj. EBIT1 increased by €21.4 mn to €81.0 mn (adj. EBIT1 margin 5.1%)
  • › EBIT €12.4 €64.5 mn (EBIT margin 4.1%)
  • ›PPA effect in Q1 2014: -€16.5 mn
  • No special effects in Q1 2014

Powertrain Q1 2014

Sales (mn €) EBITDA margin Adj EBIT margin 1Adj.

6) Back-up Automotive Group Financials – Interior

  • › Sales increased by 11.5% before consolidation and FX effects
  • › EBITDA increased by €21.1 mn to €223.2 mn (+10.4%)
  • Adj. EBIT1 increased by €39.8 mn to €162.7 mn (adj. EBIT1 margin 9.6%)
  • › EBIT increased by €42 1 mn to €42.1 €137.8 mn (EBIT margin 8.1%)
  • ›PPA effect in Q1 2014: -€24.9 mn
  • ›No special effects in Q1 2014

6) Back-up Rubber Group Financials – Tires

  • › Sales increased by 7.8% before consolidation and FX effects
  • › EBITDA increased by €86.2 mn to €545.4 mn (+18.8%)
  • › Adj. EBIT1 increased by €76.2 mn to €442.5 mn (adj. EBIT1 margin 19.3%)
  • › EBIT increased by €75 5 mn to €75.5 €440.7 mn (EBIT margin 19.0%)
  • ›Special effects in Q1 2014: +€0.2 mn

6) Back-up Tires – Commercial Vehicle Tire Demand

1BAG = Bundesamt für Güterverkehr

2ATA = American Trucking Association

6) Back-up Rubber Group Financials – ContiTech FinancialsContiTech Q1 2014

  • › Sales increased by 4.7% before consolidation and FX effects
  • › EBITDA increased by €7.8 mn to €143.7 mn (+5.7%)
  • › Adj. EBIT1 increased by €5.4 mn to €115.3 mn (adj. EBIT1 margin 12.0%)
  • › EBIT increased by €7 8 mn to €7.8€115.5 mn (EBIT margin 11.9%)
  • ›Special effects in Q1 2014: +€1.2 mn

Fact Sheets 2012 –2014

6) Fact Sheets Quarterly Sales Analysis

Sa
les
(
€
)
mn		 20
12		 20
13		 20
14
Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY
C
&
S		 1,
8
12
.4		 1,
78
0.
9		 1,
72
0
5.		 1,
73
4.2		 05
2.5
7,		 1,
79
2.9		 1,
8
6
0.
8		 1,
8
0
0.
1		 1,
8
15
.4		 26
9.
2
7,		 1,
87
8.
2
P
Po
rtra
t
in
i
we		 1 6
1,
6
26
26
.2
2		 1 5
1,
57
72
2.5
5		 1 4
1,
48
84
4.8
8		 1 4
1,
45
5
1 3
1.3		 6
6,
134
134
.8
8		 1 5
1,
5
26
26
.1
1		 1 6
1,
6
0
0
6 5
6.5		 1 5
1,
5
6
6
1 3
1.3		 1 5
1,
5
6
6
6 4
6.4		 6
6,
26
26
0
0.
3
3		 1 5
1,
57
79
9.
1
1
Inte
rio
r		 1,
6
6
0.
9		 1,
6
14
.4		 1,
5
8
2.3		 1,
57
6.
6		 6,
43
4.2		 1,
6
20
.1		 1,
72
3.
3		 1,
6
12
.5		 1,
64
9.
8		 6,
6
05
.7		 1,
6
9
9.
1
Tir
es		 2,
3
6
6.
8		 2,
35
1.7		 2,
48
4.9		 2,
46
1.6		 9,
6
65
.0		 2,
22
2.2		 2,
41
9.
0		 2,
47
8.
2		 2,
46
3.
8		 9,
5
8
3.
2		 2,
3
18
.3
Co
nti
Te
ch		 9
23
.0		 9
3
1.6		 9
24
.0		 9
3
3.
2		 3,
71
1.8		 94
1.6		 9
9
8.7		 9
6
1.9		 97
6.
1		 3,
87
8.
3		 97
3.4
Ot
he
r /
Co
olid
ati
ns
on		 -6
9.
8		 -64
.4		 -6
6.7		 -6
1.2		 -26
2.1		 -6
9.
6		 -67
.3		 -64
.4		 -64
.4		 -26
5.7		 -5
8.
0
Co
nti
nta
l C
tio
ne
orp
ora
n		 8,
3
19
.5		 8,
18
6.7		 8,
134
.3		 8,
0
95
.7		 3
2,
73
6.
2		 8,
0
3
3.
3		 8,
54
1.0		 8,
34
9.
6		 8,
40
7.1		 3
3,
3
3
1.0		 8,
3
9
0.
1
C
ha		 Y- Y i n %
ng es o-
Y i
n %
o-		 20
13		 20
14
Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY
-1.
1		 4.5 4.4 4.7 3.
1		 4.8
-6.
2		 2.2 5.
2		 7.9 2.0 3.5
-2.
5		 6.7 1.9 4.6 2.7 4.9
-6
6.
1
1		 2 9
2.9		 -0
0.
3
3		 0
0.
1
1		 -0
0.
8
8		 4 3
4.3
2.0 7.2 4.1 4.6 4.5 3.4
-3.
4		 4.3 2.6 3.
8		 1.8 4.4

6) Fact Sheets Quarterly EBITDA Analysis EBITDAAnalysis

A (
€)
EB
ITD
mn		 20
12		 20
13		 20
14
Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY
C&
S		 24
9.8		 25
7.3		 23
7.3		 26
3.5		 1,
00
7.9		 24
1.8		 25
0.3		 24
5.8		 25
2.3		 99
0.2		 25
4.0
Po
rtra
in
we		 164
164
.2
2		 153
153
.0
0		 125
125
.0
0		 166
166
.8
8		 60
60
9 0
9.0		 158
158
.9
9		 168
168
.5
5		 160
160
.7
7		 162
162
.1
1		 65
65
0 2
0.2		 157
157
.0
0
Inte
rio
r		 19
9.4		 21
2.2		 19
4.0		 24
7.7		 85
3.3		 20
2.1		 22
0.1		 21
4.5		 21
3.5		 85
0.2		 22
3.2
Tir
es		 46
8.5		 53
0.7		 52
2.4		 48
3.5		 2,
00
5.1		 45
9.2		 53
3.2		 59
0.9		 4.4
55		 2,
137
.7		 54
5.4
Co
ntiT
h
ec		 14
0.3		 14
8.0		 14
4.2		 12
6.4		 55
8.9		 13
5.9		 15
7.5		 13
9.7		 14
3.2		 57
6.3		 14
3.7
Ot
he
r /
Co
lida
tio
nso
n		 -18
.3		 -12
.5		 -24
.6		 -11
.4		 -66
.8		 -28
.5		 -19
.7		 -29
.1		 -32
.3		 -10
9.6		 -27
.5
Co
nti
nta
l C
tio
ne
orp
ora
n		 1,
20
3.9		 1,
28
8.7		 1,
198
.3		 1,
27
6.5		 4,
96
7.4		 1,
169
.4		 1,
30
9.9		 1,
32
2.5		 1,
29
3.2		 5,
09
5.0		 1,
29
5.8
EB
ITD
A m
in
in
%
arg		 20
12		 20
13		 20
14
Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY
C&
S		 13
.8		 14
.4		 13
.8		 15
.2		 14
.3		 13
.5		 13
.5		 13
.7		 13
.9		 13
.6		 13
.5
Po
rtra
in
we		 10
.1		 9.7 8.4 11
.5		 9.9 10
.4		 10
.5		 10
.3		 10
.3		 10
.4		 9.9
Inte
rio
r		 12
.0		 13
.1		 12
.3		 15
.7		 13
.3		 12
.5		 12
.8		 13
.3		 12
.9		 12
.9		 13
.1
Tir
es		 19
.8		 22
.6		 21
.0		 19
.6		 20
.7		 20
.7		 22
.0		 23
.8		 22
.5		 22
.3		 23
.5
C
Co
ntiT
tiT
h
h
ec		 15
15
.2
2		 15
15
.9
9		 15
15
.6
6		 13
13
.5
5		 15
15
.1
1		 14
14
.4
4		 15
15
.8
8		 14
14
.5
5		 14
14
.7
7		 14
14
.9
9		 14
14
.8
8
Co
nti
l C
tio
nta
ne
orp
ora
n		 14
.5		 15
.7		 14
.7		 15
.8		 15
.2		 14
.6		 15
.3		 15
.8		 15
.4		 15
.3		 15
.4
Ch
Y-o
-Y
in
%
an
g
es
C&
S
Po
rtra
in
we
Inte
rio
r
Tir
es
Co
ntiT
h
ec
20
13		 20
14
Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4
-3.
2		 -2.
7		 3.6 -4.
3		 -1.
8		 5.0
-3.
2		 10
.1		 28
.6		 -2.
8		 6.8 -1.
2
1.4 3.7 10
.6		 -13
.8		 -0.
4		 10
.4
-2.
0		 0.5 13
.1		 14
.7		 6.6 18
.8
-3.
1		 6.4 -3.
1		 13
.3		 3.1 5.7
-2.
9		 1.6 10
.4		 1.3 2.6 10
.8

6) Fact Sheets Quarterly Analysis of Adjusted EBIT 1

1
1
(
)
Ad
j
te
d
EB
IT
€
us
mn		 20
13		 20
14
Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY
C
&
S		 16
8.5		 17
9.
2
Po
rtra
in
we		 5
9.
6		 8
1.0
Inte
rio
r		 12
2.9		 16
2.7
Tir
es		 3
6
6.
3		 44
2.5
Co
nti
Te
h
c		 10
9.
9		 11
5.
3
Ot
/
Co
he
lida
tio
r
ns
o
n		 -3
1.0		 -27
.6
Co
Co
nti
nta
l
tio
ne
rp
ora
n		 79
6.
2		 95
3.
1
1 m
Ad
j
te
d
EB
IT
in
in
%
us
arg		 20
13		 20
14
1 Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY
C
&
S		 9.
4		 9.5
Po
rtra
in
we		 3.
9		 5.
1
Inte
rio
r		 7.8 9.
6
Tir
es		 16
16
.5
5		 19
19
.3
3
Co
nti
Te
h
c		 11
.7		 12
.0
Co
Co
nti
nta
l
tio
ne
rp
ora
n		 10
.0		 11
.4
in
%

1Before amortization of intangibles from PPA, changes in the scope of consolidation and special effects

6) Fact Sheets Quarterly EBIT Analysis

(
)
EB
IT
€
mn		 20
12		 20
13		 20
14
Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY
C
&
S		 16
6.
8		 17
3.
0		 15
3.
3		 17
9.
6		 67
2.7		 15
5.
3		 16
2.7		 15
5.
1		 12
5.
8		 5
9
8.
9		 17
2.3
P
Po
rtra
t
in
i
we		 45
45
.8
8		 37
37
.0
0		 5 5
5.5		 -40
40
.0
0		 48
48
.3
3		 5
5
2 1
2.1		 5
5
8
8.
3
3		 49
49
.5
5		 19
19
.6
6		 179
179
.5
5		 6
6
4 5
4.5
Inte
rio
r		 9
2.8		 10
2.5		 8
1.1		 13
7.1		 41
3.5		 95
.7		 11
2.5		 10
4.4		 6
8.
0		 3
8
0.
6		 13
7.8
Tir
es		 3
8
4.3		 44
2.9		 43
2.6		 40
6.7		 1,
6
6
6.5		 3
65
.2		 44
0.
3		 49
4.6		 45
2.6		 1,
75
2.7		 44
0.7
Co
nti
Te
h
c		 11
8
5.		 12
3.
6		 11
8.
9		 95
.3		 3.
6
45		 10
7.7		 12
9.
2		 11
1.8		 11
3.
4		 46
2.1		 11
5.5
Ot
he
/
Co
lida
tio
r
ns
o
n		 -18
.3		 -12
.8		 -24
.6		 -12
.7		 -6
8.
4		 -28
.6		 -19
.8		 -29
.1		 -3
2.6		 -11
0.
1		 -27
.6
Co
nti
l
Co
tio
nta
ne
rp
ora
n		 78
7.2		 8
6
6.
2		 76
6.
8		 76
6.
0		 3,
18
6.
2		 74
7.4		 8
8
3.
2		 8
8
6.
3		 74
6.
8		 3,
26
3.7		 9
0
3.
2
EB
IT
in
in
%
ma
rg		 20
12		 20
13		 20
14
Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY
C
&
S		 9.
2		 9.7 8.
9		 10
.4		 9.5 8.7 8.7 8.
6		 6.
9		 8.
2		 9.
2
Po
in
rtra
we		 2.8 2.4 0.
4		 -2.
8		 0.
8		 3.
4		 3.
6		 3.
2		 1.3 2.9 4.1
Inte
rio
r		 5.
6		 6.
3		 5.
1		 8.7 6.
4		 5.
9		 6.5 6.5 4.1 5.
8		 8.
1
Tir
es		 16
.2		 18
.8		 17
.4		 16
.5		 17
.2		 16
.4		 18
.2		 20
.0		 18
.4		 18
.3		 19
.0
Co
nti
Te
h
c		 12
.5		 13
.3		 12
.9		 10
.2		 12
.2		 11
.4		 12
.9		 11
.6		 11
.6		 11
.9		 11
.9
Co
nti
nta
l
Co
tio
ne
rp
ora
n		 9.5 10
.6		 9.
4		 9.5 9.7 9.
3		 10
.3		 10
.6		 8.
9		 9.
8		 10
.8
C
ha
Y-
Y i
n %
ng
es
o-		 20
13		 20
14
Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY
C
&
S		 -6.
9		 -6.
0		 1.2 -3
0.
0		 -11
.0		 10
.9
Po
in
rtra
we		 13
.8		 57
.6		 8
0
0.
0		 14
9.
0		 27
1.6		 23
.8
Inte
rio
r		 3.
1		 9.
8		 28
.7		 -5
0.
4		 -8.
0		 44
.0
Tir
es		 -5.
0		 -0.
6		 14
.3		 11
.3		 5.
2		 20
.7
Co
nti
Te
h
c		 -7.
0		 4.5 -6.
0		 19
.0		 1.9 7.2
Co
nti
nta
l
Co
tio
ne
rp
ora
n		 -5.
1		 2.0 15
.6		 -2.
5		 2.4 20
.8

6) Fact Sheets Consolidated Statement of Income

(
€
)
mn		 Q
1
2
0
1
2		 Q
1
2
0
1
3		 Q
1
2
0
1
4
Sa
les		 8,
3
1
9.
5		 8,
0
3
3.
3		 8,
3
9
0.
1
Co
f s
les
t o
s
a		 -6,
5
4
2.
5
,		 6,
2
4
4.
3
-
,		 6,
2
9
4.
4
-
,
Gr
in
les
os
s m
ar
g
on
sa		 1,
77
7.
0		 1,
7
8
9.
0		 2,
0
9
5.
7
Re
h a
d
de
lop
t e
se
arc
n
ve
me
n
xp
en
se
s		 -4
4
5.
8		 4
9
9.
8
-		 5
4
4.
1
-
Se
l
l
ing
d
log
is
t
ics
an
ex
p
en
se
s		 -3
7
9.
0		 4
0
6.
5
-		 4
3
0.
9
-
A
dm
in
is
tra
t
ive
ex
p
en
se
s		 -1
5
9.
2		 1
7
1.
8
-		 1
7
8.
9
-
O
t
he
inc
d e
r
om
e a
n
xp
en
se
s		 -2
0.
1		 3
3.
8		 4
7.
0
-
Inc
fro
t-e
i
ty
te
d
inv
tee
om
e
m
a
q
ac
co
un
es
s
u		 1
2.
6		 7.
2		 8.
4
O
t
he
inc
fro
inv
tm
ts
r
om
e
m
es
en		 1.
7		 4.
5
-		 0.
0
for
Ea
ing
be
int
t a
d t
rn
s
e
er
es
n
ax
es		 7
8
7.
2		 7
47
4		 9
0
3.
2
1
Inte
t in
res
co
me		 2
5.
1		 2
1.
7		 2
6.
6
1,2
Inte
t e
res
xpe
ns
e		 -9
0.
0		 1
8
4
4.
-		 1
0
6.
6
-
Ne
int
t
t e
er
es
xp
en
se		 -6
4.
9		 1
2
3.
1
-		 8
0.
0
-
Ea
ing
be
for
e t
rn
s
ax
es		 7
2
2.
3		 6
2
4.
3		 8
2
3.
2
Inc
tax
om
e
ex
p
en
se		 -2
2
1.
8		 1
6
1.
0
-		 2
1
5.
6
-
Ne
inc
t
om
e		 5
5
0
0.		 4
6
3.
3		 6
0
7.
6
No
tro
l
l
ing
in
ter
ts
n-c
on
es		 -1
6
7.		 2
2.
1
-		 1
9.
3
-
Ne
t
inc
ttr
i
bu
ta
b
le
to
t
he
ha
ho
l
de
f t
he
t
om
e a
s
re
rs
o
p
ar
en		 4
8
2.
9		 4
4
1.
2		 5
8
8.
3
ic
ing
in
Ba
ha
E
U
R
s
ea
rn
s p
er
s
re		 2.
4
1		 2.
2
1		 2.
9
4
D
i
lut
d e
ing
ha
in
E
U
R
e
ar
n
s p
er
s
re		 2.
4
1		 2.
2
1		 2.
9
4

1 Including interest effects from pension obligations, from other long-term employee benefits, and from pension funds. In the prior years, the resulting income was reported under interest expense; the comparative figures for the prior years have been adjusted accordingly

2 Including gains and losses from foreign currency translation, from changes in the fair value of derivative instruments as well as from available-for-sale financial assets losses currency available for sale

6) Fact Sheets Consolidated Statement of Financial Position – Assets

As
in
€ m
i
l
l
ion
ts
se
s		 Ma
h
3
1,
2
0
1
4
rc		 De
3
1,
2
0
1
3
c.		 Ma
h
3
1,
2
0
1
3
rc
Go
dw
i
l
l
o		 5,
5
2
7.
7		 2
0.
9
5,
5		 5,
6
3
9.
6
O
t
he
in
tan
i
b
le
ts
r
g
as
se		 5
0
1.
6		 5
5
7.
7		 8
4
3.
2
Pr
lan
d e
ip
ty,
t a
t
op
er
p
n
q
u
me
n		 7,
7
2
8.
3		 7,
7
2
8.
0		 7,
6
0
3.
5
Inv
tm
t p
ty
es
en
rop
er		 2
0.
1		 2
0.
4		 1
9.
7
Inv
tm
ts
in
t-e
i
ty
te
d
inv
tee
es
en
a
q
u
ac
co
un
es
s		 4
2
8.
3		 4
5
0.
0		 4
4
8.
8
O
t
he
inv
tm
ts
r
es
en		 7.
7		 7.
9		 6.
9
De
fer
d
tax
ts
re
as
se		 9
6.
3
5		 9
2
8.
4		 8
6.
1
7
f
f
De
ine
d
be
i
t a
ts
ne
ss
e		 6.
1		 6.
0		 2.
0
Lo
-te
de
iva
t
ive
ins
tru
ts
d
in
ter
t-
be
ing
inv
tm
ts
ng
rm
r
me
n
an
es
ar
es
en		 2
6
9.
6		 2
8
5.
1		 4
5
9.
5
O
he
lon
f
ina
ia
l a
t
ter
ts
r
g-
m
nc
ss
e		 1
9.
9		 4
5.
0		 2
1.
2
O
t
he
lon
ter
ts
r
g-
m
as
se		 2
0.
2		 2
0.
1		 1
4.
1
No
t a
ts
n-
cu
rre
n
ss
e		 1
5,
4
8
5.
8		 1
5,
5
6
9.
5		 1
5,
9
3
4.
6
Inv
tor
ies
en		 3,
1
0
2.
0		 2,
8
3
0.
9		 3,
2
3
1.
2
Tra
de
iva
b
le
ts
ac
co
un
rec
e		 6,
0
8
5
5.		 3
1
8
5,
5.		 8
8
6.
5,
5
O
t
he
ho
t-
ter
f
ina
ia
l a
ts
r s
r
m
nc
ss
e		 3
6
2.
3		 3
3
6.
2		 3
1
8.
5
O
t
he
ho
t-
ter
ts
r s
r
m
as
se		 6
4
8.
0		 6
0
1.
2		 7
1
8.
3
Inc
iva
b
les
tax
om
e
re
ce		 6
4.
3		 6
9.
3		 8
3.
9
S
ho
t-
ter
de
iva
t
ive
ins
tru
ts
d
in
ter
t-
be
ing
inv
tm
ts
r
m
r
me
n
an
es
ar
es
en		 3
5.
1		 1
8.
3		 7
7.
6
Ca
h a
d c
h e
iva
len
ts
s
n
as
q
u		 2,
0
0
8.
0		 2,
0
4
4.
8		 1,
9
6
2.
7
As
he
l
d
for
le
ts
se
sa		 3
3.
4		 3
4.
8		 4
2.
8
Cu
t a
ts
rre
n
ss
e		 1
2,
3
0
8.
9		 1
1,
2
5
1.
3		 1
2,
3
2
1.
5
To
ta
l a
ts
ss
e		 2
7,
7
9
4.
7		 2
6,
8
2
0.
8		 2
8,
2
5
6.
1

6) Fact Sheets

Consolidated Statement of Financial Position– Total Equity and Liabilities and

To
ta
l e
i
ty
d
l
ia
b
i
l
i
t
ies
in
€ m
i
l
l
ion
q
u
an
s		 Ma
h
3
1,
2
0
1
4
rc		 De
3
1,
2
0
1
3
c.		 Ma
h
3
1,
2
0
1
3
rc
Su
bs
i
be
d c
i
ta
l
cr
ap		 5
1
2.
0		 5
1
2.
0		 5
1
2.
0
Ca
i
ta
l re
p
s
se
rve		 4
4,
1
1
5
5
5
5.
6
6		 4,
1
5
5.
6		 4
4,
1
1
5
5
5
5.
6
6
Re
ine
d e
ing
ta
ar
n
s		 6,
1
2
3.
6		 5,
5
3
5.
3		 4,
0
3.
4
5
O
t
he
he
ive
inc
r c
om
p
re
ns
om
e		 1,
2
8
4.
3
-		 -1,
1
9
1.
7		 -8
0
8.
1
Eq
i
i
bu
b
le
he
ha
ho
l
de
f
he
ty
t
tr
ta
to
t
t
t
u
a
s
re
rs
o
p
ar
en		 9,
5
0
6.
9		 9,
0
1
1.
2		 8,
3
6
2.
9
No
l
l
ing
in
t o
tro
te
ter
ts
ts
n-c
co
on
g
es
es		 3
1
4.
7		 3
1
1.
0		 3
7
5
3
To
l e
i
ta
ty
q
u		 9,
8
2
1.
6		 9,
3
2
2.
2		 8,
7
3
8.
2
for
Pr
is
ion
ion
l
ia
b
i
l
i
t
ies
d s
im
i
lar
b
l
ig
t
ion
ov
s
p
en
s
an
o
a
s		 2,
5
0
4.
3		 2,
3
9
1.
1		 2,
5
3
8.
5
De
fer
d
tax
l
ia
b
i
l
i
t
ies
re		 1
3
3.
7		 1
1
3.
2		 2
9
7.
2
Lo
is
ion
for
he
is
ks
d o
b
l
ig
ion
-te
t
t
ng
rm
p
p
rov
s
o
r r
an
g
a
s		 2
6
3.
7		 2
6
6.
9		 3
0
2.
0
f
Lo
-te
t
ion
in
de
b
te
dn
ng
rm
p
or
o
es
s		 3,
5
7
4.
8		 5,
0
4
1.
2		 5,
6
3
9.
0
O
t
he
lon
ter
f
ina
ia
l
l
ia
b
i
l
i
t
ies
r
g-
m
nc		 3
2.
2		 1
6.
2		 1
3.
0
O
he
lon
l
ia
b
i
l
i
ies
t
ter
t
r
g-
m		 4
2.
5		 4
2.
2		 6.
1
5
No
l
ia
b
i
l
i
ies
t
t
n-
cu
rre
n		 6,
5
5
1.
2		 7,
8
7
0.
8		 8,
8
4
5.
8
Tra
de
ts
b
le
ac
co
un
p
ay
a		 4,
7
5
6.
8		 4,
5
9
6.
3		 4,
5
0
4.
9
Inc
b
les
tax
om
e
p
ay
a		 5
9
7.
1		 5
8
8.
2		 6
7
7.
2
S
for
ho
t-
ter
is
ion
t
he
is
ks
d o
b
l
ig
t
ion
r
m
p
rov
s
o
r r
an
a
s		 6
0
3
7.		 6
3
1.
1		 9
3
5
7.
In
de
b
te
dn
es
s		 2,
9
8
0.
1		 1,
5
9
6.
3		 2,
4
7
3.
9
O
he
ho
f
ina
ia
l
l
ia
b
i
l
i
ies
t
t-
ter
t
r s
r
m
nc		 1,
5
6
4.
8		 1,
4
4
8.
0		 1,
5
0
2.
0
O
t
he
ho
t-
ter
l
ia
b
i
l
i
t
ies
r s
r
m		 9
1
8
5.		 6
9
7
7.		 9
1
6.
8
Cu
l
ia
b
i
l
i
ies
t
t
rre
n		 1
1,
4
2
1.
9		 9,
6
2
7.
8		 1
0,
6
7
2.
1
To
l e
i
d
l
ia
b
i
l
i
ies
ta
ty
t
q
u
an		 2
7,
7
9
4.
7		 2
6,
8
2
0.
8		 2
8,
2
5
6.
1

6) Fact Sheets Consolidated Statement of Cash Flows

Jan
1 t
o M
uary		 arch
31
in €
mi
llio
ns		 201
4		 201
3
Net
inc
om
e		 607
.6		 463
.3
Inco
tax
me
exp
ens
e		 215
.6		 161
.0
Net
int
t ex
eres
pen
se		 80.0 123
.1
EBI
T		 903
903
.2
2		 747
747
.4
4
Inte
rest
id
pa		 -60
.8		 -18
2.1
Inte
eive
d
rest
rec		 7.0 7.2
Inco
tax
paid
me		 -178
.3		 -20
4.2
Divi
den
ds r
ived
ece		 15.6 15.
6
Dep
reci
atio
tiza
tion
, im
pair
d re
al o
f im
pair
t los
t an
n, a
mor
men
vers
men
ses		 392
.6		 422
.0
Inco
from
at-
ity a
unte
d an
d ot
her
inve
stm
ents
, inc
l. im
pair
t an
d re
al o
f im
pair
t los
me
equ
cco
men
vers
men
ses		 -8.4 -2.7
Gai
ns f
the
dis
al o
f as
sets
nies
d bu
sine
tion
rom
pos
, co
mpa
an
ss o
pera
s		 -7.0 -82
.3
Oth
ash
ite
er n
on-c
ms
Cha
s in
nge		 — -2.4
inve
ntor
ies		 -268
.1		 -19
5.3
trad
nts
ivab
le
e ac
cou
rece		 -759
.8		 -79
9.0
trad
nts
able
e ac
cou
pay		 177
.2		 116
.3
sion
d si
mila
r ob
liga
tion
pen
an
s		 0.5 -2.5
othe
sets
d lia
bilit
ies
r as
an		 205
.1		 120
.6
Cas
h fl
ari
sing
fro
atin
ctiv
itie
ow
m o
per
g a
s		 418
.8		 -41
.4
Pro
ds o
n th
e di
sal
of p
plan
d eq
uipm
d in
ible
rty,
t an
ent
tang
ets
cee
spo
rope
, an
ass		 17.
8		 4.8
Cap
ital
end
iture
erty
, pla
nt a
nd e
quip
t, a
nd s
oftw
exp
on
prop
men
are		 -34
0.9		 -43
1.3
Cap
ital
end
iture
inta
ngib
le a
ts f
dev
elop
t pr
ojec
ts a
nd m
isce
llan
exp
on
sse
rom
men
eou
s		 -14
.7		 -7.3
Pro
ds o
n th
e di
sal
of c
anie
nd b
usin
ratio
cee
spo
omp
s a
ess
ope
ns		 0.2 250
.3
Acq
uisi
tion
of
ies
and
bus
ines
tion
com
p
pan
s o
p
pera
s		 -17
.7		 -86
.2
Cas
h fl
ari
sing
fro
m i
stin
ctiv
itie
ow
nve
g a
s		 -355
.3		 -26
9.7
Cas
h fl
be
fore
fin
ing
tivi
ties
(fre
ash
flo
w)
ow
anc
ac
e c		 63.
5		 -31
1.1
Cha
in
inde
bted
nge
nes
s		 -83
.5		 -15
7.6
Suc
sive
rcha
ces
pu
ses		 — -4.6
Divi
den
ds p
aid
and
ent
of c
apit
al to
ntro
lling
int
ts
rep
aym
no
n-co
eres		 -0.9 -1.0
Cas
h an
d ca
sh e
quiv
alen
ts a
risin
g fro
m fi
rst
soli
dati
f su
bsid
iarie
con
on o
s		 0 2. 0 4.
Cas
h fl
ari
sing
fro
m f
ina
nci
act
ivit
ies
ow
ng		 -84
.2		 -16
2.8
Cha
in
h a
nd
h e
qui
val
ent
nge
cas
cas
s		 -20
.7		 -47
3.9
Cas
of th
h an
d ca
sh e
quiv
alen
ts a
t th
e be
ginn
ing
port
ing
peri
od
e re		 2,0
44.8		 2,3
97.2
Effe
ct o
f ex
cha
rat
e ch
sh a
nd c
ash
uiva
lent
nge
ang
es o
n ca
eq
s		 -16
.1		 39.
4
Cas
h a
nd
h e
qui
val
the
d o
f th
ting
riod
ent
s at
cas
en
e re
por
pe		 2,0
08.0		 1,9
62.7

6) Fact Sheets

Q1 2014 Results Reported & Adjusted (mn €) by Division –

Ch
sis
&
Sa
fet
as
y		 Po
in
rtra
we		 Int
eri
or		 Tir
es		 Co
nti
Te
ch		 Co
./
Co
ns
rr.		 Co
tio
rp
ora
n
20
13		 20
14		 20
13		 20
14		 20
13		 20
14		 20
13		 20
14		 20
13		 20
14		 20
13		 20
14		 20
13		 20
14
Sa
les		 1,
79
2.9		 1,
87
8.2		 1,
52
6.1		 1,
57
9.1		 1,
62
0.1		 1,
69
9.1		 2,
22
2.2		 2,
31
8.3		 94
1.6		 97
3.4		 -69
69
.6
.6		 -58
58
.0
.0		 8,
03
3.3		 8,
39
0.1
EB
IT
in %
of
sal
es		 15
5.3
8.7
%		 17
2.3
9.2
%		 52
.1
3.4
%		 64
.5
4.1
%		 95
.7
5.9
%		 13
7.8
8.1
%		 36
5.2
16.
4%		 44
0.7
19.
0%		 10
7.7
11.
4%		 11
5.5
11.
9%		 -28
.6		 -27
.6		 74
7.4
9.3
%		 90
3.2
10.
8%
Am
ort
iza
tio
f in
tan
ibl
ets
fro
PP
A
n o
g
e a
ss
m		 13
.1		 6.8 33
.2		 16
.5		 47
.9		 24
.9		 1.1 1.0 1.5 1.5 0.0 0.0 96
.8		 50
.7
To
tal
ial
eff
ts
sp
ec
ec		 0 0. 0 0. -25
8.		 0 0. -19
6.		 0 0. 0 0. -0
2.		 0 7. -1
2.		 -2
4.		 0 0. -47
1.		 -1
4.
To
tal
oli
da
tio
ffe
cts
co
ns
n e		 0.1 0.1 0.1 0.0 -1.
1		 0.0 0.0 1.0 0.0 -0.
5		 0.0 0.0 -0.
9		 0.6
To
tal
oli
da
tio
n &
ial
eff
ts
co
ns
sp
ec
ec		 0.1 0.1 -25
.7		 0.0 -20
.7		 0.0 0.0 0.8 0.7 -1.
7		 -2.
4		 0.0 -48
.0		 -0.
8
1
Ad
Ad
ju
j
t d
d o
ti
tin
ult
lt (
(
ad
dj
j.
EB
IT)
ste
p
era
g
res
in %
of
adj
ust
ed
sal
es		 16
16
8 5
8.5
9.4
%		 17
17
9 2
9.2
9.5
%		 59
59
.6
6
3.9
%		 81
81
.0
0
5.1
%		 12
12
2 9
2.9
7.8
%		 16
16
2 7
2.7
9.6
%		 36
36
6 3
6.3
16.
5%		 44
44
2 5
2.5
19.
3%		 10
10
9 9
9.9
11.
7%		 11
11
5 3
5.3
12.
0%		 -31
31
.0
0		 -27
27
.6
6		 79
79
6 2
6.2
10.
0%		 95
95
3 1
3.1
11.
4%

Before amortization of intangibles from PPA, changes in the scope of consolidation and special effects

6) Fact Sheets Q1 2014 Results Reported & Adjusted ( (mn €) – by Group

Au
ive
to
t
mo		 Ru
b		 be
r		 Co
/
ns		 Co
rr.		 Co
ion
t
rp
or
a
2
0
1
3		 2
0
1
4		 2
0
1
3		 2
0
1
4		 2
0
1
3		 2
0
1
4		 2
0
1
3		 2
0
1
4
Sa
les		 4
4,
9
9
1
1
1
1.
2
2		 5
5,
1
1
2
2
8
8.
8
8		 3
3,
1
1
3
3
2
2.
0
0		 3
3,
2
2
7
7
1
1.
3
3		 -9
9
9
9		 -1
1
0
0.
0
0		 8
8,
0
0
3
3
3
3.
3
3		 8
8,
3
3
9
9
0
0.
1
1
Au
to
mo		 ive
t		 Ru
b		 be
r		 Co
/
Co
ns
rr.		 Co
ion
t
rp
or
a
2
0
1
3		 2
0
1
4		 2
0
1
3		 2
0
1
4		 2
0
1
3		 2
0
1
4		 2
0
1
3		 2
0
1
4
E
B
I
T		 3
0
3.
1		 3
4.
6
7		 4
2.
9
7		 5
5
6.
2		 -2
2
8.
8.
6
6		 -2
2
6
6
7.
7.		 4
4
7
7.		 9
0
3.
2
in %
of
sal
es		 6.2
%		 7.3
%		 15
.1%		 17
.0%		 9.3
%		 10
.8%
Am
iza
ion
f
in
i
b
le
fro
P
P
A
t
t
ta
ts
or
o
ng
as
se
m		 9
4.
2		 4
8.
2		 2.
6		 2.
5		 0.
0		 0.
0		 9
6.
8		 5
0.
7
To
l s
ia
l e
f
fec
ta
ts
p
ec		 4
5.
4
-		 0.
0		 0.
7		 1.
4
-		 2.
4
-		 0.
0		 4
7.
1
-		 1.
4
-
f
fec
To
ta
l c
l
i
da
t
ion
ts
on
so
e		 -0
9		 0.
1		 0.
0		 0.
5		 0.
0		 0.
0		 0.
9
-		 0.
6
To
l c
l
i
da
ion
&
ia
l e
f
fec
ta
t
ts
on
so
sp
ec		 4
6.
3
-		 0.
1		 0.
7		 0.
9
-		 2.
4
-		 0.
0		 4
8.
0
-		 0.
8
-
1
A
d
j
d o
ing
l
(
d
j.
E
B
I
T
)
te
t
t
us
p
er
a
re
su
a		 3
5
1.
0		 4
2
2.
9		 4
7
6.
2		 5
5
7.
8		 3
1.
0
-		 2
7.
6
-		 7
9
6.
2		 9
5
3.
1
i %
in %
of
f
adj
dj
ust
t d
ed
sal
l
es		 7 2
7.2
%
%		 8 2
8.2
%
%		 15
15.
2%
2%		 17
17.
2%
2%		 10
10.
0%
0%		 11
11.
4%
4%

1Before amortization of intangibles from PPA, changes in the scope of consolidation and special effects

6) Fact Sheets Shareholder StructureStructure

Source: Based on publicly available data

6) Fact Sheets Development of Continental s' Credit Rating

1 Solicited rating until January 2014 2 Solicited rating since November 2013

Q1 2014 Results – May 6, 2014 EDMR – Equity and Debt Markets Relations 54

ReferencesUseful Links and References

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