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Continental AG Earnings Release 2013

Mar 6, 2014

83_ip_2014-03-06_d2188742-d0bb-485f-b2ef-1652178fefc3.pdf

Earnings Release

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Preliminary FY 2013 Results

F kf t rankfur– M h 6 2014 Marc 6,

http://www.continental-ir.com

AGENDA

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1) Corporation Highlights Most Important KPIs FY 2013 2013

  • ›Sales up by 2% to €33.3 bn; organic sales growth in Q4 2013 at 8%
  • › Adj. EBIT1 up b y 4% to €3.7 bn; adj. EBIT1 mar gin at 11.3% up 30 bps (PPA and special effects -€475 mn)
  • › NIAT2up by 1% to €1.9 bn
  • › Free cash flow amounted to€1 8 bn.
  • › Net indebtedness at €4.3 bn; Gearing ratio at 46% 3; Equity ratio at 35% 3
  • › Sustained value creation: trailing ROCE 4up by 60 bps to 19.4%
  • › Other topics:
  • ›Investment grade rating at S&P, Moody s' and Fitch
  • › Dividend proposal: €2.50 5per share, payout ratio at 26%
  • › Agreement to acquire Veyance Technologies Inc. for €1.4 bn announced on F b 10 2014eb. 10,

5 Topic for approval of the ASM on Apr. 25, 2014 p pp p ,

1Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011)

2Attributable to the shareholders of the parent; IAS 19 (rev. 2011) applied

3 Gearing ratio and equity ratio calculated by applying IAS 19 (rev. 2011) 4

Reported EBIT (LTM) – applying IAS 19 (rev. 2011) – divided by average operating assets (LTM)

1) Corporation Highlights Divisional Highlights FY 2013 2013

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1Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013

1) Corporation Highlights Automotive Group and Rubber Group by Quarter and

1Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013

1) Corporation Highlights Growth Profile of the Corporation FY 2013 (in %) FY

1) Corporation Highlights Emerging from the Crisis in Stronger Position in

1IAS 19 (rev. 2011) applied for 2013

Cost of sales declined

›

›

›

about

(2013)

60 bps

1) Corporation Highlights Adjusted EBIT1 Bridge EBIT

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

2 Amortization of intangibles from PPA

1) Corporation Highlights Sustainable Value Creation

1Trailing operating assets are calculated as assets for the last twelve months (LTM)

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

3 Q4/12 Q1/13 Q2/13 Q3/13 and Q4/13 applying IAS 19 (rev 2011) Q4/12, Q1/13, Q2/13, applying (rev.

1) Corporation Highlights Maturities for Syndicated Loan and Bonds1 Bonds (mn €)

All amounts shown are nominal values

2Any 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 or €3,000 mn

3Nominal amount \$950 mn (exchange rate as at Dec. 31, 2013: 1.3764)

Preliminary FY 2013 Results – March 6, 2014

EDMR – Equity and Debt Markets Relations 11

1) Corporation Highlights Investment Grade

Since mid-2009 Continental's credit rating has considerably improved:

›Continental's current credit rating is:

  • › Fitch since Jul 15 2013: BBB outlook stableFitchJul. 15, BBB,
  • ›Moody's since Sept. 19, 2013: Baa3, outlook stable
  • ›S&P since Dec. 6, 2013: BBB, outlook stable
  • › Continental s' mid term targets:
  • ›Rating: BBB to BBB+
  • ›Gearing ratio: well below 60%
  • ›Equity ratio: well above 30%
  • ›Leverage ratio: well below 1.25x
  • 1Leverage covenant ratio as defined in syndicated loan agreement; IAS 19 (rev. 2011) applied for 2013

2IAS 19 (rev. 2011) applied for 2013

3Funds from operations to debt according to S&P's Research Update from Dec. 6, 2013

2) Automotive Group Benefitting from Stabilization in European Production

  • ›Sales increased by €267 mn in Q4/13; organic sales growth in Q4/13 at 10.2%
  • › Adj. EBIT1 decreased by €20 mn negatively impacted by a provision amounting to €39 mn; soft operating leverage2 mainly due to high basis in Q4/12
  • 1 ›Adjusted EBIT margin at 8.2% (PY: 9.2%)
  • ›Expect sales and adj. EBIT1 in Q1/14 to improve YOY

1Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011)

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

2) Automotive Group

Adj EBIT Adj. EBIT1 Margin Negatively Impacted by €39 mn 1

Reported sales change

  • ›Chassis & Safety: 3.1%
  • ›Powertrain: 2.0%
  • 2 › Interior: 2.7%

  • ›Automotive Group: 2.6%

  • ›Reported EBITDA2: €2,491 mn (12.4% of sales)

  • ›Reported EBIT2: €1,159 mn (5.8% of sales)
  • & € ( % f ) › R&D2: €1,589 mn (7.9% of sales)›
  • Capex: €1,016 mn (5.1% of sales)

1Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011)

%

2 IAS 19 (rev 2011) applied IAS(rev.

2) Automotive Group Sales Growth Profile 2013 Automotive Group (in %) ales

1 Production growth weighted by Continental Automotive Group's sales distribution Note: PC & LV = Passenger car & light vehicle <6t g g

2) Automotive Group Order Intake (LTS1 (LTS ) in the Automotive Group €25 bn in 2013 1)

Chassis & Safety Powertrain Interior › Order intake totaled almost €8 bn due to reorganization of the division› Book-to-bill 1.1x› Order intake increased for the 5th year in a row to €9.4 bn in 2013› Book-to-bill stayed 1.5x › Order intake up to €8.3 bn › Book-to-bill remained at 1.3x› ADAS with best book-to-bill ratioy Order intake Chassis & Safety Order intake Powertrain Order intake Interior 7.48.2 8.3 8.19.1 9.4 7.48.2 7.91.2 1.3 1.3 1.4 1.5 1.5 1.1 1.2 1.12011 2012 2013LTS (bn €) Book-to-bill 2011 2012 2013LTS (bn €) Book-to-bill 2011 2012 2013LTS (bn €) Book-to-bill 1

Life-time sales

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

  • ›Sales increased by €45 mn in Q4/13 mainly on consolidation effects (Conti Trade, Legg and Metso)
  • › Tire volumes grew by 7% during the quarter; F/X had a negative effect on tire revenues of more than 6% while P/M was neutral in Q4/13
  • › Sales at ContiTech increased by 6% organically during the quarter on strong OE-Automotive and aftermarket business
  • ›Adj. EBIT1 up by €74 mn mainly due to raw material tailwinds but also because of strict fix cost management

1Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011)

3) Rubber Group Profitability Remains at Elevated Level at

Reported sales change

› ContiTech: 4.5%› Tires: -0.8% ›Rubber Group: 0.7%

  • ›Reported EBITDA2: €2,714 mn (20.3% of sales)
  • ›Reported EBIT2: €2,215 mn (16.6% of sales)
  • ›R&D2: €289 mn (2.2% of sales)
  • ›Capex: €965 mn (7.2% of sales)

1Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011)

2 IAS 19 (rev. 2011) applied S 9 ( e 0 ) app ed

3) Rubber Group

Very Solid Development despite Volatile Cost Development

  • steadily during the last three years
  • › Demonstrated ability to pass on t il i i iraw material price increases in 2010 and 2011; price decline in 2013 in line with raw material cost relief

Volume recovery throughout

2013 in PLT and CVT

1IAS 19 (rev. 2011) applied for 2012 & 2013

›

3) Rubber Group PLT – Continuously Improving Mix Continuously Mix›

  • 125 mn units sold in 2013
  • › ASP1 down by 3% to €61 in 2013 due 57 to FX headwinds
  • › Share of HP2 and winter tires in total it l i d t 45% f 36%unit sales improved to from in 2009
  • › 22 mn winter tires sold on ww basis fin 2013
  • › Healthy winter tire inventory (Continental) levels at the end of February 2014

1 Average Selling Price (ASP) derived by dividing total PLT sales by total units 2 High Performance is all ≥17" excluding winter tires 3Standard tire

Cost Burden and ASP1 2009 - 2013

HP2 & Winter Tires vs. SD3 tires

3) Rubber Group Further Stabilization in Demand

PC & LT Tire Replacement (YOY chg. monthly)

Replacement Tire Demand

1U.S. Department of Transportation

3) Rubber Group Expected Raw Material Price Development in 2014

  • › Natural rubber price (TSR 20) expected to average US \$2 50 \$2.50in 2014
  • › Synthetic rubber price (butadiene f d t k) f t d t feedstock) forecasted to average US \$1.50 in 2014
  • › No impact from natural and th ti bb tsynthetic rubber costdevelopment expected for 2014
  • › 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

Raw Material Price Development1 2009 - 2014E

3) Rubber Group

ContiTech Again with very Solid Sales and EBIT Development with

  • › Very stable sales development throughout the year despite slow down the in industry business
  • › Sales and EBIT1 in Q4/13 came in better than suggested by normal seasonal pattern
  • › Mix OE/non-OE Automotive in 2013: 56/44
  • › Agreement to acquire Veyance Technologies Inc. from The Carlyle G l d d F b 10 2014

1IAS 19 (rev. 2011) applied for 2012 & 2013

3) Rubber Group

Forming a Global Player in Rubber and Plastics Technology Technology

  • › Veyance (Sales 2013E: ~€1.5 bn1; EBITDA 2013E: ~€204 mn1) and ContiTech (Sales 2013: €3.9 bn; EBITDA 2013: €576 mn) will form a global player for Advanced Rubber and Plastic Technology and Technology
  • › Highly complementary acquisition expands Continentals non-OE Automotive business and balances regional sales:
  • ›C tiT h' ContiTech's non-OE A t ti h t i t 56% (b f 44%) OE Automotive share to improve to (before
  • › ContiTech sales split improves to 46% EU (66%) / 21% NA (8%) / 11% LATAM (9%) / 10% Asia (8%)2
  • › Deal will be immediately accretive to earnings3
  • ›Enterprise Value amounts to ~€1.4 bn4 (US \$1.9 bn)
  • ›Transaction multiple at 7.3x EBITDA and 0.96x sales
  • ›Transaction can be financed from existing cash and credit lines
  • ›Net debt / EBITDA will stay below 1.0x by the end of 2014
  • ›Closing is subject to the regulatory approval
  • 1Average EUR/USD exchange rate 2013: 1.3283
  • 2Based on 2012
  • 3Pro forma 2014, adj. for PPA assuming 28% tax rate
  • 4 EUR/USD exchange rate: 1.3635 g

4) Indebtedness and Cash Flow Net Indebtedness Bridge

Development of Net Indebtedness and Gearing Ratio Net indebtedness (mn €) Gearin g ratio (%) Gearin g ratio (%) applyin g IAS 19 (rev. 2011) Indebtedness117%104% 103% 91% 88% 87%( )g ()g ( ) pp y g ( )90% 85% 83% 78%65% 64% 69% 62%05 497 72 41 76 02 20 13 12 90 89 58% 46% 7,60 7,11 7,29 6,77 6,84 6,87 6,80 5,32 5,61 6,01 5,59 4,28 Q1 H1 9M YE Q1 H1 9M YE Q1 H1 9M YE 2011 2012 2013

4) Indebtedness and Cash Flow

4) Indebtedness and Cash Flow Cash Flow Overview

1Percentages are calculated as share in gross indebtedness; bond values and the values for the syndicated loan are nominal values, all others book values

2Term loan and revolving credit facility repayment in Jan. 2016 / Jan. 2018; revolving credit facility unutilized at YE 2013

3Nominal amount \$950 mn (exchange rate at Dec. 31, 2013: 1.3764)

Preliminary FY 2013 Results – March 6, 2014

EDMR – Equity and Debt Markets Relations 29

4) Indebtedness and Cash Flow Interest Result 2013

Net Interest Expense 2013:

  • › Cost for the syndicated loan y down €164 mn to €77 mn due to lower utilization and lower market interest rates and margin levels
  • R i it t f th› Running interest expenses for the bonds amounted to €223 mn
  • › Non recurring expenses from early redemption and call options and of bonds amounted to €340 mn and consisted of €228 mn negative impact from valuation of call options1,2 (as derivative options , instruments) and of €112 mn negative impact from call premiums

Includes €9.8 mn cost for valuation of remaining redemption option (US \$ bond)

Call option and early redemption option is used synonymously

Interest Result 2013 (mn €)

securities available for sale

1

2

3

5) Outlook PC & LT Production by Quarter

Europe (mn units)

NAFTA (mn units)

3.374

3.169 3.185

33

3.436

3.964 3.987 3.667 3.822 4.015 4.2 5

QQQQQQQQQQQQ4

NAFTA

Source: IHS and own estimates

/14E

3.883 4.022 4.20 0 4.3 5 4.14 0

2/14E 3/14E 4/14E

Q1 Q2 Q3 Q4

4.040

5) Outlook Market Outlook for Major Regions 2014

Commercial Vehicle2 Prod. (k units) 1 Production (mn units)

Source: IHS and own estimates

Source: IHS and own estimates

Source: LMC and own estimates

1 Passenger car & light truck <6t 2

Heavy vehicles >6t 3

Passenger car & light truck replacement

4Commercial vehicle replacement (radial & biased) Preliminary FY 2013 Results – March 6, 2014

EDMR – Equity and Debt Markets Relations 32

5) Outlook Continental 2014 1

2
0
1
3		 E
2
0
1
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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 Annual Press Conference and Analyst Meeting on March 6, 2014 in Frankfurt. 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

C
f
A
l
F
i
i
l
P
n
n
a
n
a
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c
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s
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,

2015

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Continental Share Data / ADR DataADR

Share Data

T
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Continental Bond Data

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1Guaranteed by Continental AG and certain subsidiaries of Continental AG

2Security package released in connection with the refinancing of the Syndicated Facility, upstream guarantees package still in place

3Unsolicited rating at date of issuance

4Fitch since Jul 15, 2013; Moody's since Sept 19, 2013; S&P since Dec 6, 2013

Preliminary FY 2013 Results – March 6, 2014

EDMR – Equity and Debt Markets Relations 39

Back-up

6) Back-up Sales Growth Profile 2013 and 2014 Automotive Group (in %) ales Automotive

Passenger Car & Light Vehicle Production by Market 2013 & 2014E Memo: By Automotive Division

6) Back-up Overview of Volume Development

Un
its
(
Y
O
Y c
ha
)
ng
e		 Q
1
/
1
2		 H
1
/
1
2		 9
M
/
1
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1
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1
/
1
3		 H
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1
3		 F
Y
1
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c		 3
%
-		 4
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%		 -8
%		 3
%
-		 1
%
-		 0
%
N
A
F
T
A p
du
t
ion
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c		 1
8
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%		 1
7
%		 1
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%		 5
%		 5
%
P
C
&
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T p
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U +
N
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T
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c		 %
5		 6
%		 4
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%		 0
%		 2
%		 2
%
W
l
dw
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de
du
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9		 %
8		 %
6		 %
6		 %
0		 %
2		 %
3		 %
3
Co
ine
l
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S
C		 1
1
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1
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1
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4
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5
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%
A
B
S		 9
%		 7
%		 0
%		 -4
%		 -2
4
%		 2
4
%
-		 2
1
%
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9
%
Bo
ter
os
s		 1
6
%		 8
%		 4
%		 4
%		 -4
%		 2
%
-		 0
%		 0
%
Ca
l
ip
ers		 %
1
5		 %
8		 %
6		 %
6		 %
2		 %
7		 %
7		 %
6
A
D
A
S		 5
2
%		 4
1
%		 5
2
%		 5
7
%		 5
1
%		 5
7
%		 5
7
%		 5
8
%
En
ine
E
C
Us
g		 2
%		 4
%
-		 9
%
-		 -1
0
%		 -1
1
%		 8
%
-		 4
%
-		 -1
%
In
j
tor
ec
s		 4
%		 4
%
-		 7
%
-		 -7
%		 -1
0
%		 7
%
-		 3
%
-		 -1
%
Tra
iss
ion
ns
m
s		 2
9
%		 2
%
5		 1
9
%		 1
6
%		 %
4		 %
7		 1
0
%		 1
2
%
Tu
bo
ha
r
c
rg
er		 2
9
6
%		 2
0
7
%		 1
7
9
%		 1
0
8
%
Ma
ke
t
da
ta
t
ire
r
s
P
L
T
R
T
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rop
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0
%
-		 1
1
%
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0
%
-		 -8
%		 -1
0
%		 4
%
-		 1
%
-		 -1
%
P
L
T
R
T
N
A
F
T
A		 %
5
-		 %
3
-		 %
3
-		 %
-2		 %
-2		 %
0		 %
4		 %
4
C
V
T
O
E
Eu
rop
e		 3
%
-		 5
%
-		 7
%
-		 -4
%		 -3
%		 0
%		 0
%		 0
%
C
V
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O
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F
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A		 3
1
%		 2
5
%		 1
4
%		 2
%		 -1
2
%		 1
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%
-		 9
%
-		 -2
%
C
V
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Eu
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e		 2
%
7
-		 2
6
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-		 1
9
%
-		 -1
%
4		 %
5		 8
%		 9
%		 9
%
C
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%		 -9
%		 -6
%		 -2
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%
Co
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l
nt
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L
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t
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%		 0
%		 0
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%		 -6
%		 1
%
-		 1
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C
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%		 2
%		 2
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%		 %
5		 6
%
C
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t
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an
sa
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row		 %
4		 %
3		 %
2		 %
2		 %
-2		 %
0		 %
0		 %
2

6) Back-up Corporation Highlights 2013

S
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IAS 19 (rev. 2011) applied

2Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011)

3Amortization of intangibles from PPA, tax rate of 28% applied for EPS calculation

4 Attributable to the shareholders of the parent, IAS 19 (rev. 2011) applied

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

1
(
€
)
m
n		 2
0
0
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9
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6
2		 8,
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5
3		 6,
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8
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In
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b
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4		 8,
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6		 7,
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7
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2		 5,
3
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2
8
9
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d
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Ra
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b
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/ a
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s		 3.
5x		 3.
8x		 2.
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6x		 1.
1x		 0.
8x
5
Ne
h
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d
(
Ra
io
)
t c
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e		 5.
8x		 3.
2x		 5.
2x		 6.
4x		 8.
4x		 9.
5x

1Amounts 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 For 2012 & 2013 only

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 €6,637.5 mn as at Dec. 31, 2013; CP = Commercial Paper; SoR = Sales of receivables (€916.2 mn total amount as at Dec. 31, 2013)

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 or €3,000 mn 3Nominal amount \$950 mn (exchange rate as at Dec. 31, 2013: 1.3764)

Preliminary FY 2013 Results – March 6, 2014

EDMR – Equity and Debt Markets Relations 48

6) Back-up Debt Capital Markets Summary of Transactions July to Nov 2013 –Nov. 0 200 400 600 800 1,000

6) Back-up Capex and Depreciation & EPS Breakdown &

1 Amortization of intangibles from PPA 2Assuming corporate tax rate of 28%

6) Back-up Adjusted EBITDA1 EBITDA and Leverage Ratio

2Leverage covenant ratio as defined in syndicated loan agreement

Preliminary FY 2013 Results – March 6, 2014

EDMR – Equity and Debt Markets Relations 51

6) Back-up Capex 2011 2011-2013

Note: Rounding differences may occur

6) Back-up Automotive Group Financials – Chassis & Safety

  • › Sales increased by 6.7% before consolidation and FX effects
  • › EBITDA1 decreased by €17.7 mn to €990.2 mn (-1.8%)
  • › Adj. EBIT2 decreased by €31.2 mn to €689.8 mn (adj. EBIT2 margin 9.5%)
  • › EBIT1 decreased by €73 8 mn to 15.1%EBIT €73.8 €598.9 mn (EBIT1 margin 8.2%)
  • ›PPA effect in 2013: -€50.9 mn
  • › Special effects in 2013: -€41.1 mn mainly from asset impairments (-€41.4 mn)

Chassis & Safety FY 2013

1IAS 19 (rev. 2011) applied for 2012 & 2013

2Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013. Refer to Fact Sheets for further details

6) Back-up Automotive Group Financials – Powertrain

  • › Sales increased by 3.4% before consolidation and FX effects
  • › EBITDA1 increased by €41.2 mn to €650.2 mn (+6.8%)
  • › Adj. EBIT2 increased by €20.5 mn to €317.9 mn (adj. EBIT2 margin 5.1%)
  • › EBIT1 increased by €131 2 mn to EBIT €131.2 €179.5 mn (EBIT1 margin 2.9%)
  • ›PPA effect in 2013: -€126.9 mn
  • › Special effects in 2013: -€14.4 mn mainly resulting from goodwill impairment (-€27.6 mn) and from SKI transaction (+€23.6 mn)

Powertrain FY 2013

Sales (mn €) EBITDA margin Adj. EBIT margin 12

1

2Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013. Refer to Fact Sheets for further details

6) Back-up Automotive Group Financials – Interior

  • › Sales increased by 6.0% before consolidation and FX effects
  • › EBITDA1 decreased by €3.1 mn to €850.2 mn (-0.4%)
  • › Adj. EBIT2 increased by €2.2 mn to €585.3 mn (adj. EBIT2 margin 8.9%)
  • › EBIT1 decreased by €32 9 mn to EBIT €32.9 €380.6 mn (EBIT1 margin 5.8%)
  • ›PPA effect in 2013: -€182.7 mn
  • › Special effects in 2013: -€19.8 mn mainly resulting from goodwill impairment (-€40.0 mn) and from the S-Y transaction (+€45 6 mn) 45.6

Interior FY 2013

Sales (mn €) EBITDA margin Adj EBIT margin 1 2Adj.

1IAS 19 (rev. 2011) applied for 2012 & 2013

2Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013. Refer to Fact Sheets for further details

6) Back-up Rubber Group Financials – Tires

  • › Sales increased by 1.7% before consolidation and FX effects
  • › EBITDA1 increased by €132.6 mn to €2,137.7 mn (+6.6%)
  • › Adj. EBIT2 increased by €150.4 mn to €1,790.7 mn (adj. EBIT2 margin 18.7%)
  • › EBIT1 increasedEBIT €86.2 to €1,752.7 mn (EBIT1 margin 18.3%)
  • › Special effects in 2013: -€31.3 mn mainly related to a provision of of -€40 5 mn for 40.5 Claroix

1IAS 19 (rev. 2011) applied for 2012 & 2013

2Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013. Refer to Fact Sheets for further details

6) Back-up Tires – Commercial Vehicle Tire Demand

Replacement Tire Demand Development

Replacement Tire Demand Development for Truck Tires NAFTA

BAG = Bundesamt für Güterverkehr

2ATA = American Trucking Association

Preliminary FY 2013 Results – March 6, 2014

EDMR – Equity and Debt Markets Relations 57

6) Back-up Rubber Group Financials – ContiTech

  • › Sales increased by 2.0% before consolidation and FX effects
  • › EBITDA1 increased by €17.4 mn to €576.3 mn (+3.1%)
  • › Adj. EBIT2 increased by €14.0 mn to €465.3 mn (adj. EBIT2 margin 12.4%)
  • › EBIT1 increased by €8 5 mn to EBIT €8.5 €462.1 mn (EBIT1 margin 11.9%)
  • ›Special effects in 2013: -€0.3 mn

1

2Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013. Refer to Fact Sheets for further details

Fact Sheets 2011 –2013

6) Fact Sheets Quarterly Sales Analysis

Sa
les		 201
1		 20
12		 201
3
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
C&
S		 1,
618
.7		 1,
601
.8		 1,
595
.4		 1,
694
.9		 6,
510
.8		 1,
812
.4		 1,
780
.9		 1,
725
.0		 1,
734
.2		 7,
052
.5		 1,
792
.9		 1,
860
.8		 1,
800
.1		 1,
815
.4		 7,
269
.2
Po
in
rtra
we		 1 3
1,
396
96
.8
8		 1 4
1,
463
63
.3
3		 1 5
1,
517
17
.4
4		 1 4
1,
464
64
.5
5		 5 8
5,
842
42
.0
0		 1 6
1,
626
26
.2
2		 1 5
1,
572
72
.5
5		 1 4
1,
484
84
.8
8		 1 4
1,
45
51
1.3
3		 6 1
6,
134
34
.8
8		 1 5
1,
526
26
.1
1		 1 6
1,
606
06
.5
5		 1 5
1,
561
61
.3
3		 1 5
1,
566
66
.4
4		 6 2
6,
260
60
.3
3
Int
eri
or		 1,
530
.0		 1,
513
.8		 1,
523
.7		 1,
543
.2		 6,
110
.7		 1,
660
.9		 1,
614
.4		 1,
582
.3		 1,
576
.6		 6,
434
.2		 1,
620
.1		 1,
723
.3		 1,
612
.5		 1,
649
.8		 6,
605
.7
Tir
es		 1,
981
.3		 2,
102
.1		 2,
245
.0		 2,
389
.3		 8,
717
.7		 2,
366
.8		 2,
351
.7		 2,
484
.9		 2,
46
1.6		 9,
665
.0		 2,
222
.2		 2,
419
.0		 2,
478
.2		 2,
463
.8		 9,
583
.2
Co
nti
Te
ch		 886
.0		 916
.1		 90
1.0		 880
.0		 3,
583
.1		 923
.0		 93
1.6		 924
.0		 933
.2		 3,
711
.8		 94
1.6		 998
.7		 96
1.9		 976
.1		 3,
878
.3
Oth
/ C
sol
ida
tio
er
on
n		 -67
.2		 -64
.5		 -68
.1		 -59
.6		 -25
9.4		 -69
.8		 -64
.4		 -66
.7		 -61
.2		 -26
2.1		 -69
.6		 -67
.3		 -64
.4		 -64
.4		 -26
5.7
Co
nti
l C
tio
nta
ne
orp
ora
n		 7,
345
.6		 7,
532
.6		 7,
714
.4		 7,
912
.3		 30
504
.9
,		 8,
319
.5		 8,
186
.7		 8,
134
.3		 8,
095
.7		 32
736
.2
,		 8,
033
.3		 8,
541
.0		 8,
349
.6		 8,
407
.1		 33
331
.0
,
Ch
%
s Y
Y-o
o Y
-Y
in
an
ge		 201
1		 201
2		 201
3
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
C&
S		 19.
5		 8.7 11
.2		 12
.0		 12
.7		 12
.0		 11
.2		 8.1 2.3 8.3 -1.
1		 4.5 4.4 4.7 3.1
Po
in
rtra
we		 26.
4		 21
.5		 30
.0		 16
.9		 23
.5		 16
.4		 7.5 -2.
1		 -0.
9		 5.0 -6.
2		 2.2 5.2 7.9 2.0
eri
Int
or		 14.
2		 5.4 13
.1		 10
.7		 10
.7		 8.6 6.6 3.8 2.2 5.3 -2.
5		 6.7 1.9 4.6 2.7
Tir
es		 27.
9		 15
.0		 23
.2		 21
.6		 21
.7		 19
.5		 11
.9		 10
.7		 3.0 10
.9		 -6.
1		 2.9 -0.
3		 0.1 -0.
8
Co
nti
Te
ch		 26.
2		 18
.1		 15
.0		 5.5 15
.8		 4.2 1.7 2.6 6.0 3.6 2.0 7.2 4.1 4.6 4.5
Co
l C
nti
nta
tio
ne
orp
ora
n		 22.
5		 13.
1		 18.
9		 14.
6		 17.
1		 13.
3		 8.7 5.4 2.3 7.3 -3.4
3.4		 4.3 2.6 3.8 1.8

Quarterly EBITDA Analysis EBITDAAnalysis– IAS 19 (rev 2011) applied for 2012 & 2013 IAS (rev.

EB
ITD
A		 201
1		 201
2		 201
3
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
C&
S		 251
.3		 246
.7		 243
.3		 24
1.0		 982
.3		 249
.8		 257
.3		 237
.3		 263
.5		 1,
007
.9		 24
1.8		 250
.3		 245
.8		 252
.3		 990
.2
Po
rtra
in
we		 120
.6		 93.
7		 140
.1		 130
.3		 484
.7		 164
.2		 153
.0		 125
.0		 166
.8		 609
.0		 158
.9		 168
.5		 160
.7		 162
.1		 650
.2
Inte
rio
r		 174
.3		 196
.3		 189
.2		 199
.0		 758
.8		 199
.4		 212
.2		 194
.0		 247
.7		 853
.3		 202
.1		 220
.1		 214
.5		 213
.5		 850
.2
Tir
es		 356
.5		 372
.2		 369
.6		 428
.2		 1,5
26.
5		 468
.5		 530
.7		 522
.4		 483
.5		 2,
005
.1		 459
.2		 533
.2		 590
.9		 554
.4		 2,
137
.7
Co
ntiT
ech		 140
.9		 138
.1		 113
.5		 122
.5		 515
.0		 140
.3		 148
.0		 144
.2		 126
.4		 558
.9		 135
.9		 157
.5		 139
.7		 143
.2		 576
.3
Oth
/ C
sol
ida
tio
er
on
n		 -15
.1		 -2.
8		 -18
.6		 -2.
8		 -39
.3		 -18
.3		 -12
.5		 -24
.6		 -11
.4		 -66
.8		 -28
.5		 -19
.7		 -29
.1		 -32
.3		 -10
9.6
Co
l C
nti
nta
tio
ne
orp
ora
n		 1,
028
.5		 1,
044
.2		 1,
037
.1		 1,
118
.2		 4,
228
.0		 1,
203
.9		 1,
288
.7		 1,
198
.3		 1,
276
.5		 4,
967
.4		 1,
169
.4		 1,
309
.9		 1,
322
.5		 1,
293
.2		 5,
095
.0
EB
ITD
A m
in
in %
arg		 201
1		 201
2		 201
3
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
C&
S		 15.
5		 15.
4		 15.
3		 14.
2		 15.
1		 13.
8		 14.
4		 13.
8		 15.
2		 14.
3		 13.
5		 13.
5		 13.
7		 13.
9		 13.
6
in
Po
rtra
we		 8.6 6.4 9.2 8.9 8.3 10.
1		 9.7 8.4 11.
5		 9.9 10.
4		 10.
5		 10.
3		 10.
3		 10.
4
Inte
rio
r		 11.
4		 13.
0		 12.
4		 12.
9		 12.
4		 12.
0		 13.
1		 12.
3		 15.
7		 13.
3		 12.
5		 12.
8		 13.
3		 12.
9		 12.
9
Tir
es		 18.
0		 17.
7		 16.
5		 17.
9		 17.
5		 19.
8		 22.
6		 21.
0		 19.
6		 20.
7		 20.
7		 22.
0		 23.
8		 22.
5		 22.
3
Co
ntiT
ech		 15.
9		 15.
1		 12.
6		 13.
9		 14.
4		 15.
2		 15.
9		 15.
6		 13.
5		 15.
1		 14.
4		 15.
8		 14.
5		 14.
7		 14.
9
Co
l C
nti
nta
tio
ne
orp
ora
n		 14.
0		 13.
9		 13.
4		 14.
1		 13.
9		 14.
5		 15.
7		 14.
7		 15.
8		 15.
2		 14.
6		 15.
3		 15.
8		 15.
4		 15.
3
Ch
s Y
Y i
n %
an
ge
-o-		 201
1		 201
2		 201
3
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
C&
S		 9.5 2.9 18.
6		 10.
9		 10.
2		 -0.
6		 4.3 -2.
5		 9.3 2.6 -3.
2		 -2.
7		 3.6 -4.
3		 -1.
8
in
Po
rtra
we		 44.
6		 1.0 49
1.1		 90.
8		 80.
7		 36.
2		 63.
3		 -10
.8		 28.
0		 25.
6		 -3.
2		 10.
1		 28.
6		 -2.
8		 6.8
Inte
rio
r		 9.3 35.
1		 63.
1		 0.4 22.
6		 14.
4		 8.1 2.5 24.
5		 12.
5		 1.4 3.7 10.
6		 -13
.8		 -0.4
Tir
es		 18.
8		 1.0 15.
1		 8.8 10.
4		 31.
4		 42.
6		 41.
3		 12.
9		 31.
4		 -2.
0		 0.5 13.
1		 14.
7		 6.6
Co
ntiT
ech		 21.
7		 7.4 -6.
6		 19.
7		 10.
0		 -0.4 7.2 27.
0		 3.2 8.5 -3.
1		 6.4 -3.
1		 13.
3		 3.1
Co
l C
nti
nta
tio
ne
orp
ora
n		 15.
8		 11.
6		 31.
8		 14.
5		 17.
9		 17.
1		 23.
4		 15.
5		 14.
2		 17.
5		 -2.
9		 1.6 10.
4		 1.3 2.6

Quarterly Analysis of Adjusted EBIT1 Analysis EBIT IAS 19 (rev 2011) applied 1– (rev.

1
A
d
j
d
E
B
I
T
te
us		 2
0
1
2		 2
0
1
3
Q
1		 Q
2		 Q
3		 Q
4		 F
Y		 Q
1		 Q
2		 Q
3		 Q
4		 F
Y
C
S
&		 1
8
0.
1		 1
8
6.
3		 1
6
4.
1		 1
9
0.
5		 7
2
1.
0		 1
6
8.
0		 1
7
5.
5		 1
6
8.
0		 1
7
8.
3		 6
8
9.
8
Po
in
rtr
we
a		 8
9.
7		 8
0.
5		 5
0.
0		 7
7.
2		 2
9
7.
4		 5
8.
6		 9
2.
5		 8
3.
4		 8
3.
4		 3
1
7.
9
Int
ior
er		 1
4
2.
7		 1
4
8.
1		 1
2
8.
8		 1
6
3.
5		 5
8
3.
1		 1
2
4.
4		 1
6
2.
4		 1
4
9.
0		 1
4
9.
5		 5
8
5.
3
T
ire
s		 3
9.
3
7		 4
4
1.
6		 4
3
3.
2		 3
8
6.
2		 1,
6
4
0.
3		 3
6
6.
8		 4
4
0.
0		 3
3
5
5.		 4
4
8.
6		 1,
9
0.
7
7
Co
i
Te
h
nt
c		 1
1
6.
8		 1
2
4.
6		 1
0
6.
6		 1
0
3.
3		 4
5
1.
3		 1
0
9.
4		 1
3
0.
0		 1
1
0.
9		 1
1
5.
0		 4
6
5.
3
/
Co
Ot
he
l
i
da
t
ion
r
ns
o		 -1
9.
9		 1
4.
7
-		 2
8.
5
-		 1
8.
5
-		 8
1.
6
-		 3
1.
0
-		 1
9.
7
-		 2
9.
2
-		 3
2.
6
-		 1
1
2.
5
-
Co
ine
l
Co
ion
nt
nta
at
rp
or		 8
8
8.
7		 9
6
6.
4		 8
5
4.
2		 9
0
2.
2		 3,
6
1
1.
5		 7
9
6.
2		 9
8
0.
7		 1,
0
1
7.
4		 9
4
2.
2		 3,
7
3
6.
5
A
d
j
d
E
B
I
T
* m
in
in
%
te
us
ar
g		 2
0
1
2		 2
0
1
3
1 Q
1		 Q
2		 Q
3		 Q
4		 F
Y		 Q
1		 Q
2		 Q
3		 Q
4		 F
Y
C
S
&		 9.
9		 1
0.
5		 9.
5		 1
1.
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0.
2		 9.
4		 9.
4		 9.
3		 9.
8		 9.
5
in
Po
rtr
we
a		 5.
5		 5.
1		 3.
4		 5.
3		 4.
8		 3.
8		 5.
8		 5.
3		 5.
3		 5.
1
Int
ior
er		 8.
6		 9.
2		 8.
3		 1
0.
5		 9.
1		 7.
7		 9.
4		 9.
2		 9.
1		 8.
9
T
ire
s		 1
6.
0		 1
8.
8		 1
7.
4		 1
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7.		 1
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2		 2
1.
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4		 1
8.
7
Co
i
Te
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nt
c		 1
2.
7		 1
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4		 1
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5		 1
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1		 1
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2		 1
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6		 1
2.
1		 1
1.
9		 1
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4
Co
Co
ine
l
ion
nt
nta
at
rp
or		 1
0.
7		 1
1.
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5		 1
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2		 1
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0		 1
1.
5		 1
2.
2		 1
1.
3		 1
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3
C
ha
Y-o
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in
%		 2
0
1
3
ng
es		 Q
1		 Q
2		 Q
3		 Q
4		 F
Y
C
&
S		 -6.
7		 8
5.
-		 2.
4		 6.
4
-		 3
4.
-
Po
in
rtr
we
a		 -3
4.
7		 1
4.
9		 6
6.
8		 8.
0		 6.
9
Int
ior
er		 -1
2.
8		 9.
7		 1
5.
7		 8.
6
-		 0.
4
T
ire
s		 -3.
3		 0.
4
-		 2
3.
6		 1
6.
2		 9.
2
Co
i
Te
h
nt
c		 -6.
3		 4.
3		 4.
0		 1
1.
3		 3.
1

Continental Corporation -10.4 1.5 19.1 4.4 3.5

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

6) Fact Sheets Quarterly EBIT Analysis – IAS 19 (rev 2011) applied for 2012 & 2013 (rev.

EB
IT		 201
1		 201
2		 201
3
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
C&
S		 172
.0		 167
.8		 163
.9		 158
.2		 66
1.9		 166
.8		 173
.0		 153
.3		 179
.6		 672
.7		 155
.3		 162
.7		 155
.1		 125
.8		 598
.9
Po
in
rtra
we		 13.
0		 -15
15.
.9
9		 29.
5		 4.7 31.
3		 45.
8		 37.
0		 5.5 -40
40.
.0
0		 48.
3		 52.
1		 58.
3		 49.
5		 19.
6		 179
.5
Inte
rio
r		 71.
8		 94.
3		 84.
7		 80.
4		 33
1.2		 92.
8		 102
.5		 81.
1		 137
.1		 413
.5		 95.
7		 112
.5		 104
.4		 68.
0		 380
.6
Tir
es		 275
.7		 290
.0		 287
.1		 342
.9		 1,
195
.7		 384
.3		 442
.9		 432
.6		 406
.7		 1,
666
.5		 365
.2		 440
.3		 494
.6		 452
.6		 1,7
52.
7
Co
ntiT
ech		 116
.9		 114
.1		 89.
3		 96.
8		 417
.1		 115
.8		 123
.6		 118
.9		 95.
3		 453
.6		 107
.7		 129
.2		 11
1.8		 113
.4		 462
.1
Oth
/ C
sol
ida
tio
er
on
n		 -15
.5		 -3.
2		 -18
.8		 -2.
8		 -40
.3		 -18
.3		 -12
.8		 -24
.6		 -12
.7		 -68
.4		 -28
.6		 -19
.8		 -29
.1		 -32
.6		 -11
0.1
Co
nti
l C
tio
nta
ne
orp
ora
n		 633
.9		 647
.1		 635
.7		 680
.2		 2,5
96.
9		 787
.2		 866
.2		 766
.8		 766
.0		 3,
186
.2		 747
.4		 883
.2		 886
.3		 746
.8		 3,
263
.7
EB
IT
in
in %
ma
rg		 201
1		 201
2		 201
3
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
C&
S		 10.
6		 10.
5		 10.
3		 9.3 10.
2		 9.2 9.7 8.9 10.
4		 9.5 8.7 8.7 8.6 6.9 8.2
Po
rtra
in
we		 0.9 -1.
1		 1.9 0.3 0.5 2.8 2.4 0.4 -2.
8		 0.8 3.4 3.6 3.2 1.3 2.9
Inte
rio
r		 4.7 6.2 5.6 5.2 5.4 5.6 6.3 5.1 8.7 6.4 5.9 6.5 6.5 4.1 5.8
Tir
es		 13.
9		 13.
8		 12.
8		 14.
4		 13.
7		 16.
2		 18.
8		 17.
4		 16.
5		 17.
2		 16.
4		 18.
2		 20.
0		 18.
4		 18.
3
Co
ntiT
ech		 13.
2		 12.
5		 9.9 11.
0		 11.
6		 12.
5		 13.
3		 12.
9		 10.
2		 12.
2		 11.
4		 12.
9		 11.
6		 11.
6		 11.
9
Co
nti
l C
tio
nta
ne
orp
ora
n		 8.6 8.6 8.2 8.6 8.5 9.5 10.
6		 9.4 9.5 9.7 9.3 10.
3		 10.
6		 8.9 9.8
Ch
s Y
Y i
n %
an
ge
-o-		 201
1		 201
2		 201
3
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
C&
S		 15.
4		 4.7 33.
9		 15.
1		 16.
3		 -3.
0		 3.1 -6.
5		 13.
5		 1.6 -6.
9		 -6.
0		 1.2 -30
.0		 -11
.0
Po
rtra
in
we		 160
.2		 28.
1		 129
.0		 108
.9		 115
.8		 252
.3		 332
.7		 -81
.4		 -95
1.1		 54.
3		 13.
8		 6
57.		 800
.0		 149
.0		 27
1.6
Inte
rio
r		 30.
8		 134
.0		 605
.8		 -10
.5		 68.
1		 29.
2		 8.7 -4.
3		 70.
5		 24.
8		 3.1 9.8 28.
7		 -50
.4		 -8.
0
Tir
es		 25.
0		 6.1 20.
2		 10.
3		 14.
6		 39.
4		 52.
7		 50.
7		 18.
6		 39.
4		 -5.
0		 -0.
6		 14.
3		 11.
3		 5.2
Co
ntiT
ech		 26.
8		 9.0 -5.
8		 24.
3		 12.
9		 -0.
9		 8.3 33.
1		 -1.
5		 8.8 -7.
0		 4.5 -6.
0		 19.
0		 1.9
Co
nti
l C
tio
nta
ne
orp
ora
n		 28.
2		 25.
2		 74.
1		 21.
7		 34.
2		 24.
2		 33.
9		 20.
6		 12.
6		 22.
7		 -5.
1		 2.0 15.
6		 -2.
5		 2.4

Consolidated Statement of Income– IAS 19 (rev 2011) applied for 2012 & 2013 (rev.

(
€
)
mn		 Y
E
2
0
1
1		 Y
E
2
0
1
2		 Y
E
2
0
1
3		 Q
4
2
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1
1		 Q
4
2
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4
2
0
1
3
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les		 3
0,
5
0
4.
9		 3
2,
7
3
6.
2		 3
3,
3
3
1.
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9
1
2.
3		 8,
0
9
5.
7		 8,
4
0
7.
1
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les
t o
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a		 -2
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1
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4
-		 6,
2
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8
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4
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-
Gr
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Re
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9
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1
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7.
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dm
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s		 -6
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s		 -1
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Inc
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8
O
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6
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8
0.
2		 7
6
6.
0		 7
4
6.
8
Inte
t in
res
co
me		 2
9.
2		 2
7.
8		 2
9.
1		 8.
6		 9.
0		 9.
8
1
Inte
t e
res
xpe
ns
e		 6
-7
4.
7		 2
6.
6
5
-		 8
3
3.
4
-		 1
8
3.
1
-		 1
2
9
5.
-		 1
8
3.
6
-
Ne
int
t
t e
er
es
xp
en
se		 3
5.
5
-7		 4
9
8.
8
-		 8
0
4.
3
-		 17
4.
5
-		 1
1
6.
9
-		 17
3.
8
-
E
Ea
i
ing
be
b
for
f
e t
t
rn
s
ax
es		 1,
8
6
1.
4		 2,
6
8
7.
4		 2,
4
5
9.
4		 5
0
5.
7		 6
4
9.
2		 5
7
3.
0
Inc
tax
om
e
ex
p
en
se		 -5
3
6.
2		 6
9
7.
8
-		 4
4
9.
6
-		 1
2
6.
7
-		 1
6
1.
8
-		 2
1
1.
8
-
Ne
inc
t
om
e		 5.
1,
3
2
2		 1,
9
8
9.
6		 2,
0
0
9.
8		 3
7
9.
0		 4
8
7.
4		 3
6
1.
2
No
tro
l
l
ing
in
ter
ts
n-c
on
es		 -8
3.
0		 8
4.
4
-		 8
6.
7
-		 3
0.
5
-		 3
4.
6
-		 1
4.
1
-
N
Ne
i
inc
i
i
b
bu
b
b
le
l
he
h
ha
h
ho
h
l
l
de
d
f
f t
he
h
t
t
tt
ttr
t
ta
t
to
t
t
t
t
t
om
e a
s
re
rs
o
p
ar
en		 1,
2
4
2.
2		 1,
9
0
5.
2		 1,
9
2
3.
1		 3
4
8.
5		 4
5
2.
8		 3
47
1
ic
ing
in
Ba
ha
E
U
R
s
ea
rn
s p
er
s
re		 6.
2
1		 9.
5
3		 9.
6
2		 1.7
4		 2.
2
6		 1.7
4
D
i
lut
d e
ing
ha
in
E
U
R
e
ar
n
s p
er
s
re		 6.
2
1		 9.
5
3		 9.
6
2		 1.7
4		 2.
2
6		 1.7
4

1 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. Interest effects from pension obligations and from other long-term employee benefits as well as pension funds are also included. assets te est e ects o pe s o ob gat o s a d o ot e o g te e p oyee be e ts as e pe s o u ds a e a so c uded

Consolidated Statement of Financial Position– Assets

(
)
€
mn		 De
3
1,
2
0
1
3
c.		 De
3
1,
2
0
1
2
c.		 1
Ja
1,
2
0
1
2
n.
Go
dw
i
l
l
o		 5,
5
2
0.
9		 5,
6
2
2.
2		 5,
6
9
2.
4
O
he
in
i
b
le a
t
tan
ts
r
g
ss
e		 5
5
7.
7		 9
4
1
5.		 1,
3
6
9
5.
Pro
ty,
lan
t a
d e
ip
t
p
er
p
n
q
me
n
u		 7,
7
2
8.
0		 7,
3
9
1.
0		 6,
6
0
8.
5
Inv
tm
t p
ty
es
en
rop
er		 2
0.
4		 1
9.
8		 1
9.
0
Inv
tm
ts
in
t-e
i
ty
te
d
inv
tee
es
en
a
q
ac
co
un
es
s
u		 4
5
0.
0		 3
7
6.
5		 4
8
0.
2
O
he
inv
t
tm
ts
r
es
en		 9
7.		 6.
9		 6.
9
D
De
f
fer
d
d
t
tax
ts
t
re
as
se		 9
2
8
4.		 8
5
0
4.		 6
0
0
4.
De
f
ine
d
be
f
i
t a
ts
ne
ss
e		 6.
0		 2.
0		 1
0.
1
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
8
5.
1		 4
3
3.
9		 1
9
3.
2
O
f
t
he
lon
ter
ina
ia
l as
ts
r
g-
m
nc
se		 0
4
5.		 2
3.
8		 2
6.
7
O
t
he
lon
ter
ts
g
r
m -
as
se		 2
0
1.		 1
4
1.		 1
4
1.
No
t a
ts
n-c
ur
ren
ss
e		 1
5,
5
6
9.
5		 1
5,
6
8
5.
7		 1
5,
0
1
7.
4
Inv
tor
ies
en		 2,
8
3
0.
9		 2,
9
9
8.
7		 2,
9
8
9.
7
Tra
de
ts
iva
b
le
ac
co
un
rec
e		 3
1
8
5,
5.		 9
9
3.
3
4,		 3
1.
5,
4
5
O
t
he
ho
t-
ter
f
ina
ia
l as
ts
r s
r
m
nc
se		 3
3
6.
2		 3
2
1.
8		 2
6
3.
5
O
t
he
ho
t-
ter
ts
r s
r
m
as
se		 6
0
1.
2		 6
6
1.
4		 6
2
4.
0
Inc
tax
iva
b
les
om
e
re
ce		 6
9.
3		 7
7.
9		 1
0
1.
7
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		 1
8.
3		 1
0
2.
3		 5
5.
9
Ca
h a
d c
h e
iva
len
ts
s
n
as
q
u		 2,
0
4
4.
8		 2,
3
9
7.
2		 1,
5
4
1.
2
for
As
ts
he
l
d
le
se
sa		 3
4.
8		 2
1
1.
8		 4
5.
4
Cu
nt
ts
rre
as
se		 5
1
1,
2
1.
3		 1
1,
7
6
4.
4		 1
0,
9
6
2.
9
To
l a
ta
ts
ss
e		 2
6,
8
2
0.
8		 2
7,
4
5
0.
1		 2
5,
9
8
0.
3

1 A third statement of financial position is prepared as at the start of the preceding period as the restatements due to the first-time adoption of IAS 19 (revised 2011), Employee Benefits, have a material effect on the information in the statement of financial position. e e ts, a e a ate a e ect o t e o at o t e state e t o a c a pos t o

Consolidated Statement of Financial Position– Total Equity and Liabilities and

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

1 A third statement of financial position is prepared as at the start of the preceding period as the restatements due to the first-time adoption of IAS 19 (revised 2011), Employee Benefits, have a material effect on the information in the statement of financial position. e e ts, a e a ate a e ect o t e o at o t e state e t o a c a pos t o

6) Fact Sheets Consolidated Statement of Cash Flows

(m
n €
)		 201
3		 201
2
Ne
t in
com
e		 2,
009
.8		 1,
989
.6
Inc
e ta
om
x e
xpe
nse		 449
.6		 697
.8
Net
int
st e
ere
xpe
nse		 804
.3		 498
.8
EB
IT		 3,
263
.7		 3,
186
.2
Inte
id
t pa
res		 -56
5.1		 -60
2.3
Inte
t re
cei
ved
res		 30.
8		 27.
8
Inc
aid
e ta
om
x p		 -80
5.4		 -68
3.5
Div
ide
nds
cei
ved
re		 37.
9		 57.
6
of
De
cia
tion
orti
zat
ion
imp
airm
ent
d re
sal
imp
airm
ent
los
pre
, am
an
ver
ses
,		 1,
831
.3		 1,7
81.
2
Inc
e fr
at-
ity
ted
d o
the
r in
tme
nts
inc
l. Im
irm
ent
nd
als
of
imp
airm
ent
los
om
om
equ
acc
oun
an
ves
pa
s a
rev
ers
ses
,		 -46
.3		 -71
.1
Ga
ins
fro
m t
he
dis
al o
f as
set
ies
d b
usi
atio
pos
s, c
om
pan
an
nes
s o
per
ns		 -86
.9		 -10
.8
Oth
ash
h it
er n
no
on
n-c
cas
em
s		 -2 4. -13
3.
Ch
in
ang
es
inve
nto
ries		 67.
9		 1.0
trad
unt
cei
vab
le
e a
cco
s re		 -45
1.6		 359
.7
trad
unt
ble
e a
cco
s p
aya		 379
.8		 203
.2
sio
nd
sim
ilar
ob
liga
tion
pen
n a
s		 -8.2 -65
.5
oth
ts a
nd
liab
iliti
er a
sse
es		 76.
3		 -38
5.7
Ca
sh
flo
risi
fro
tin
ctiv
itie
w a
ng
m
op
era
g a
s		 3,
721
.8		 3,
784
.5
Pro
ds
dis
al o
f pr
rty,
lan
t a
nd
ipm
ent
d in
tan
ible
set
cee
on
pos
ope
p
equ
, an
g
as
s		 27.
2		 34.
2
Ca
oftw
ital
ditu
erty
lan
t a
nd
ipm
ent
d s
p
ex
pen
re o
n p
rop
, p
equ
, an
are		 -1,
980
.7		 -2,
017
.6
Ca
ital
ditu
n in
tan
ible
set
s fr
de
velo
ent
jec
ts a
nd
mis
cel
lan
p
ex
pen
re o
g
as
om
pm
pro
eou
s		 -42
.9		 -63
.1
Pro
ds
the
dis
al o
f co
ani
and
bu
sin
tion
cee
on
pos
mp
es
ess
op
era
s		 246
.9		 7.1
Ac
isit
ion
of
ies
d b
usi
atio
qu
com
pan
an
nes
s o
per
ns		 -15
4.0		 -92
.6
Ca
sh
flo
risi
fro
inv
ing
tiv
itie
est
w a
ng
m
ac
s		 -1,
903
.5		 -2,
132
.0
Ca
sh
flo
bef
fin
cin
ctiv
itie
s (
fre
ash
flo
w)
ore
an
g a
e c
w		 1,
818
.3		 1,
652
.5
Ch
in s
hor
deb
t-te
t
ang
es
rm		 -33
9.1		 -33
6.8
Pro
ds
from
the
iss
of l
-ter
m d
ebt
cee
uan
ce
ong		 4,
082
.3		 1,
102
.0
Pri
nci
l re
lon
m d
ebt
nts
ter
pa
pay
me
on
g-		 276
.6
-5,		 -1,
192
.9
Ste
isit
ion
p a
cqu
s		 -48
.5		 -18
.1
Div
ide
nds
id
pa		 -45
0.0		 -30
0.0
Div
ide
nds
id a
nd
ent
of
ital
to
ntro
llin
inte
ts
pa
rep
aym
cap
non
-co
g
res		 -62
.7		 -49
.5
C
Ca
sh
h
and
d
sh
h
i
ival
l
ent
risi
i i
f
from
firs
fi
t co
lid
lida
tion
i
of
f
sub
b i
sid
di
iari
i
ca
equ
s a
ng
nso
es		 1 7. 4 8.
Ca
sh
flo
risi
fro
m f
ina
nci
act
ivit
ies
w a
ng
ng		 -2,
092
.9		 -79
0.5
Ch
in
h a
nd
h e
iva
len
ts
an
ge
cas
cas
qu		 -27
4.6		 862
.0
Ca
sh
and
sh
ival
ent
t Ja
1
ca
equ
s a
s a
nua
ry		 2,
397
.2		 1,5
41.
2
Effe
ct o
f ex
cha
rat
han
sh
and
sh
ival
ent
nge
e c
ges
on
ca
ca
equ
s		 -77
.8		 -6.
0
Ca
sh
d c
ash
uiv
ale
nts
at
De
be
r 3
1
an
eq
as
cem		 2,
044
.8		 2,
397
.2

6) Fact Sheets Q4 2013 Results Reported & Adjusted ( (mn €) – by Division

Ch
sis
&
Sa
fet
as
y		 Po
we		 in
rtra		 eri
or		 Tir es Co
nti
Te
ch		 Co
./
Co
ns
rr.		 Co
tio
rp
ora
n
20
12		 20
13		 20
12		 20
13		 20
12		 20
13		 20
12		 20
13		 20
12		 20
13		 20
12		 20
13		 20
12		 20
13
Sa
les		 1 7
1,
73
34
4.2
2		 1 8
1,
81
15
5.4
4		 1 4
1,
45
51
1.3
3		 1 5
1,
56
66
6.4
4		 1 5
1,
57
76
6.6
6		 1 6
1,
64
49
9.8
8		 2 4
2,
46
61
1.6
6		 2 4
2,
46
63
3.8
8		 93
93
3 2
3.2		 97
97
6 1
6.1		 -61
-61
.2
2		 -64
-64
.4
4		 8 0
8,
09
95
5.7
7		 8 4
8,
40
07
7.1
1
EB
IT
in %
of
sal
es		 17
9.6
4%
10.		 12
5.8
%
6.9		 -40
.0
%
-2.8		 19
.6
%
1.3		 13
7.1
%
8.7		 68
.0
%
4.1		 40
6.7
5%
16.		 45
2.6
4%
18.		 95
.3
2%
10.		 11
3.4
6%
11.		 -12
.7		 -32
.6		 76
6.0
%
9.5		 74
6.8
%
8.9
Am
iza
tio
f in
ibl
fro
PP
A
ort
tan
ets
n o
g
e a
ss
m		 13
.2		 11
.4		 43
.0		 28
.4		 50
.8		 40
.1		 1.1 1.1 3.2 1.6 0.1 0.0 11
1.4		 82
.6
To
tal
ial
eff
ts
sp
ec
ec		 -2
3.		 41
4.		 74
2.		 35
7.		 -21
1.		 41
4.		 -21
6.		 -6
0.		 4 8. 0 0. -5
9.		 0 0. 28
1.		 11
2 5.
To
tal
oli
da
tio
ffe
cts
co
ns
n e		 0.0 -0.
3		 0.0 -0.
3		 -3.
3		 0.0 0.0 0.9 0.0 0.0 0.0 0.0 -3.
3		 0.3
To
tal
oli
da
tio
n &
ial
eff
ts
co
ns
sp
ec
ec		 -2.
3		 41
.1		 74
.2		 35
.4		 -24
.4		 41
.4		 -21
.6		 -5.
1		 4.8 0.0 -5.
9		 0.0 24
.8		 11
2.8
1
j
tin
(
j.
IT)
Ad
ted
ult
ad
EB
us
op
era
g
res
in %
of
adj
ust
ed
sal
es		 19
0.5
11.
0%		 17
8.3
9.8
%		 77
.2
5.3
%		 83
.4
5.3
%		 16
3.5
10.
5%		 14
9.5
9.1
%		 38
6.2
15.
7%		 44
8.6
18.
4%		 10
3.3
11.
1%		 11
5.0
11.
9%		 -18
.5		 -32
.6		 90
2.2
11.
2%		 94
2.2
11.
3%

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

Note: IAS 19 (rev. 2011) applied for 2012 & 2013

6) Fact Sheets FY 2013 Results Reported & Adjusted ( (mn €) – by Division

Ch
sis
as		 Sa
&
fet
y		 Po
rtra
in
we		 eri
or		 Tir es Co
nti
Te
ch		 Co
./
Co
ns
rr.		 Co
tio
rp
ora
n
20
12		 20
13		 20
12		 20
13		 20
12		 20
13		 20
12		 20
13		 20
12		 20
13		 20
12		 20
13		 20
12		 20
13
Sa
les		 7 0
7,
05
52
2.5
5		 7 2
7,
26
69
9.2
2		 6 1
6,
13
34
4.8
8		 6 2
6,
26
60
0.3
3		 6 4
6,
43
34
4.2
2		 6 6
6,
60
05
5.7
7		 9 6
9,
66
65
5.0
0		 9 5
9,
58
83
3.2
2		 3 7
3,
71
11
1.8
8		 3 8
3,
87
78
8.3
3		 -26
-26
2 1
2.1		 -26
-26
5 7
5.7		 32
32
73
73
6 2
6.2
,		 33
33
33
33
1 0
1.0
,
EB
IT
in %
of
sal
es		 67
2.7
9.5
%		 59
8.9
8.2
%		 48
.3
0.8
%		 17
9.5
2.9
%		 41
3.5
6.4
%		 38
0.6
5.8
%		 1,
66
6.5
17.
2%		 1,
75
2.7
18.
3%		 45
3.6
12.
2%		 46
2.1
11.
9%		 -68
.4		 -11
0.1		 3,
18
6.2
9.7
%		 3,
26
3.7
9.8
%
Am
ort
iza
tio
f in
tan
ibl
ets
fro
PP
A
n o
g
e a
ss
m		 53
.1		 50
.9		 17
5.9		 12
6.9		 20
6.1		 18
2.7		 5.2 4.3 5.1 5.9 0.1 0.0 44
5.5		 37
0.7
To
tal
ial
eff
ts
sp
ec
ec		 -4
8.		 41
1.		 73
2.		 14
4.		 -27
9.		 19
8.		 -31
4.		 31
3.		 -7
4.		 0 3. -13
3.		 -2
4.		 -11
6.		 10
4 5.
To
tal
oli
da
tio
ffe
cts
co
ns
n e		 0.0 -1.
1		 0.0 -2.
9		 -8.
6		 2.2 0.0 2.4 0.0 -3.
0		 0.0 0.0 -8.
6		 -2.
4
To
tal
oli
da
tio
n &
ial
eff
ts
co
ns
sp
ec
ec		 -4.
8		 40
.0		 73
.2		 11
.5		 -36
.5		 22
.0		 -31
.4		 33
.7		 -7.
4		 -2.
7		 -13
.3		 -2.
4		 -20
.2		 10
2.1
1
Ad
j
ted
tin
ult
(
ad
j.
EB
IT)
us
op
era
g
res
in %
of
adj
ust
ed
sal
es		 72
1.0
10.
2%		 68
9.8
9.5
%		 29
7.4
4.8
%		 31
7.9
5.1
%		 58
3.1
9.1
%		 58
5.3
8.9
%		 1,
64
0.3
17.
0%		 1,
79
0.7
18.
7%		 45
1.3
12.
2%		 46
5.3
12.
4%		 -81
.6		 -11
2.5		 3,
61
1.5
11.
0%		 3,
73
6.5
11.
3%

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

Note: IAS 19 (rev. 2011) applied for 2012 & 2013

6) Fact Sheets Q4 & FY 2013 Results Reported & Adjusted ( (mn €) – by Group

Q4
201		 2/2
013		 YT
D J
- D
mb
er 2
012
/20
13
anu
ary
ece
Au
otiv
tom
e
201
2
201
3		 Ru
bbe
r
201
2
201
3		 Co
/Co
ns.
rr.
201
2
201
3		 Co
rati
rpo
on
201
2
201
3		 Au
otiv
tom
e
201
2
201
3		 Ru
bbe
r
201
2
201
3		 Co
/Co
ns.
rr.
201
2
201
3		 Co
rpo
201
2		 rati
on
201
3
Sa
les		 4,7
33.
3		 5,0
00.
4		 3,3
71.
8		 3,4
16.
5		 -9.4 -9.8 8,0
95.
7		 8,4
07.
1		 19,
505
.1		 20,
016
.1		 13,
261
.7		 13,
355
.5		 -30
.6		 -40
.6		 32,
736
.2		 33,
331
.0
EB
IT
in %
of s
ales		 276
.7
5.8%		 213
.3
4.3%		 502
.0
14.9
%		 566
.0
16.6
%		 -12
.7		 -32
.5		 766
.0
9.5%		 746
.8
8.9%		 1,1
34.
5
5.8%		 1,1
58.
9
5.8%		 2,1
20.
1
16.0
%		 2,2
14.
8
16.6
%		 -68
.4		 -11
0.0		 3,1
86.
2
9.7%		 3,2
63.
7
9.8%
Am
iza
tion
of
inta
ible
s fr
PP
A
ort
set
ng
as
om		 107
.0		 79.
9		 4.3 2.7 0.1 0.0 111
.4		 82.
6		 435
.1		 360
.5		 10.
3		 10.
2		 0.1 0.0 445
.5		 370
.7
Tot
al s
ial e
ffec
ts
pec		 50.
8		 118
.5		 -16
.8		 -6.0 -5.9 0.0 28.
1		 112
.5		 40.
5		 75.
3		 -38
.8		 31.
6		 -13
.3		 -2.4 -11
.6		 104
.5
Tot
al c
olid
atio
ffec
ts
ons
n e		 -3.3 -0.6 0.0 0.9 0.0 0.0 -3.3 0.3 -8.6 -1.8 0.0 -0.6 0.0 0.0 -8.6 -2.4
Tot
al c
olid
atio
n &
eci
al e
ffec
ts
ons
sp		 47.
5		 117
.9		 -16
.8		 -5.1 -5.9 0.0 24.
8		 112
.8		 31.
9		 73.
5		 -38
.8		 31.
0		 -13
.3		 -2.4 -20
.2		 102
.1
1
Ad
jus
ted
ting
ult
(a
dj.
EB
IT)
op
era
res
in %
of a
djus
ted
sale
s		 431
.2
9.2%		 411
.1
8.2%		 489
.5
14.5
%		 563
.6
16.7
%		 -18
.5		 -32
.5		 902
.2
11.2
%		 942
.2
11.3
%		 1,6
01.
5
8.2%		 1,5
92.
9
8.0%		 2,0
91.
6
15.8
%		 2,2
56.
0
17.1
%		 -81
.6		 -11
2.4		 3,6
11.
5
11.0
%		 3,7
36.
5
11.3
%

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

Note: IAS 19 (rev. 2011) applied for 2012 & 2013

6) Fact Sheets Shareholder Structure since Sept 17 2013 Structure Sept. 17,

Source: Based on publicly available data

6) Fact Sheets Development of Continental s' Credit Rating

1 Solicited Rating till January 2014. 2 Solicited Rating since November 2013.

ReferencesUseful Links and References

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Preliminary FY 2013 Results – March 6, 2014

EDMR – Equity and Debt Markets Relations 73

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