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Continental AG Earnings Release 2017

Aug 3, 2017

83_ip_2017-08-03_f1f19d42-69e8-4956-b9e5-210c7e77ec27.pdf

Earnings Release

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H1 2017 Results

Hanover – August 3, 2017

http://www.continental-ir.comTicker: CONADR-Ticker: CTTAYTwitter: @Continental_IR

Wolfgang Schaefer – CFO

AGENDA

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1) Corporation Highlights Most Important KPIs for H1 2017

  • ›Sales up by 10% to €22 bn; organic sales growth at 8%; FX positive at €181 mn
  • › Adj. EBIT1 down by 2% to €2.3 bn due to €300 mn burden from higher raw material cost in the Rubber Group; adj. EBIT1 margin at 10.7%; (PPA2-€86 mn and special effects +€22 mn)
  • › NIAT3 amounted to €1.5 bn, down by 9% as net interest result was mainly negatively impactedby FX (about €70 mn) as forecast
  • › Free cash flow amounted to €292 mn including €121 mn cash outflow for warranty settlements provisioned in Q3/2016; free cash flow before acquisitions amounted to €531 mn
  • ›Gearing ratio at 23%; equity ratio at 41%
  • › Value creation: trailing ROCE4at 19%

Other topics:

  • Order intake in the Automotive Group increased to more than €19.5 bn
  • Hornschuch contributed in H1 2017 €163 mn to CT sales and -€10 mn to EBIT including PPA of €7mn, step-up effects of €22 mn; step-up cost will significantly decline in H2 2017

4Trailing ROCE is calculated as reported EBIT for the last twelve months (LTM) divided by average operating assets for the LTM

Before amortization of intangibles from PPA, consolidation and special effects

2Amortization of intangibles from PPA

3Attributable to the shareholders of the parent

1) Corporation Highlights Divisional Highlights for H1 2017

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Before amortization of intangibles from PPA, consolidation and special effects2Amortization of intangibles from PPA

1) Corporation Highlights Selected Press Clippings Released Until Recently

Continental and NIO Sign Strategic Cooperation Agreement in the Field of Electric Vehicles

Continental has signed a strategic cooperation framework agreement with NIO, a global electric vehicle startup. The two companies will collaborate closely in the field of fully electric vehicles and other relevant fields.Go to press release

Continental Strategically Cooperates with Baidu

Continental has signed a strategic cooperation agreement with Baidu, with the goal of establishing a comprehensive strategic cooperation in the areas of automated driving, connected vehicles and intelligent mobility services.

Continental Acquires Mobility IntelligenceProvider Quantum Inventions

Go to press release

Continental announced the closing of its acquisition of Singapore based mobility intelligence provider Quantum Inventions. Quantum Inventions will add to Continental's growing intelligent transportation systems portfolio.

Continental Joins Autonomous Driving Platform from BMW Group, Intel and Mobileye as System Integrator

Continental becomes a development partner and system integrator of the collaboration between BMW Group, Intel and Mobileye for automated driving.

Go to press release

AllCharge Technology from Continental Makes EVs Fit for Any Type of Charging Station

Continental presents an innovative charging technology that turns the electric powertrain into a universal charger catering to all types of cablebased charging stations.

Go to press release

Continental Is Investing in EasyMile

Continental has agreed to acquire a minority share in the company EasyMile SAS, a French autonomous driving company, which is developing driverless electric shuttles in particular.

Go to press release

1) Corporation Highlights

Sales and Adjusted EBIT1 by Quarter

Before amortization of intangibles from PPA, consolidation and special effects

1) Corporation Highlights

Automotive Group and Rubber Group by Quarter

Before amortization of intangibles from PPA, consolidation and special effects

7

1) Corporation Highlights

Growth Profile of the Corporation H1 2017

8

1) Corporation Highlights Sustainable Value Creation

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

1) Corporation Highlights Maturities for Bonds and Syndicated Loan1(mn €)

All amounts shown are nominal values

2Any utilization under the Revolving Credit Facility (RCF) has to be shown as short term debt acc. to IFRS although the RCF matures in 2021. It has a total volume of €3,000 mn

2) Automotive GroupSales and Adj. EBIT1 by Division

Reported change in sales

› C
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Before amortization of intangibles from PPA, consolidation and special effects

  • ›Reported EBITDA: €1,654 mn (12.3% of sales)
  • ›Reported EBIT: €1,080 mn (8.0% of sales)
  • ›R&D: €1,370 mn (10.2% of sales)
  • ›Capex: €674 mn (5.0% of sales)

2) Automotive Group

Q2 2017: Continuation of growth above underlying markets

  • ›Sales increased by €504 mn; organic sales growth in Q2 2017 at 7.1%
  • ›Adj. EBIT1 increased by €39 mn; operating leverage2 at 8%
  • ›Adj. EBIT1 margin at 8.4% (PY: 8.4%)
  • Before amortization of intangibles from PPA, consolidation and special effects

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

2) Automotive Group

Organic Growth vs. Global Car Production Growth

3) Rubber Group Sales and Adj. EBIT1 by Division

2621,00001,26218.3% 15.1% Rubber Group Adj. EBIT1 (mn €) H1 2017 8.9% Adj. EBIT margin (%)1

Reported change in sales

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Before amortization of intangibles from PPA, consolidation and special effects

›Reported EBITDA: €1,693 mn (19.6% of sales)

ContiTech Tires cons. Rubber Group

  • ›Reported EBIT: €1,245 mn (14.4% of sales)
  • ›R&D: €210 mn (2.4% of sales)
  • ›Capex: €483 mn (5.6% of sales)

3) Rubber GroupQ2 2017: Main impact from raw materials headwinds

  • › Sales growth mainly driven by price increases implemented in Q2 2017 and by first time consolidation of Hornschuch (€121 mn); sales increased by €337 mn; organic sales growth at 3.0%
  • › Adj. EBIT1 decreased by €166 mn as cost of raw materials had a negative impact of €200 mn in the quarter; adj. EBIT1 margin at 15.1% (PY: 19.8%)
  • ›Adj. EBIT1 H2 2017 is expected to be higher than in H1 2017

Before amortization of intangibles from PPA, consolidation and special effects

3) Rubber GroupExpected Raw Materials Price Development in 2017

  • › Natural rubber price (TSR 20) expected to average U.S. \$1.90 in 2017 (down from prior forecast of U.S. \$2.25)
  • › Synthetic rubber price (butadiene feedstock) forecast to average U.S. \$1.60 in 2017 (down from prior forecast of U.S. \$2.45)
  • › Costs from carbon black are expected to increase in 2017
  • › U.S. \$50 mn gross burden expected for every U.S. \$10 rise in oil price (average was U.S. \$44 in 2016)
  • › Headwind from rising cost of rawmaterials to amount to about €450 mn in 2017
  • › PM will start to offset raw material headwinds in course of H2 2017

Source: Bloomberg and Continental estimates for 2017

4) Indebtedness and Cash Flow

Net Indebtedness Bridge (mn €)

According to cash flow statement incl. intangible assets

4) Indebtedness and Cash Flow

Net Indebtedness and Gearing Ratio

5) Outlook 2017PC & LT Production by Quarter in Major Regions1

5) Outlook 2017Market Outlook for Major Regions

Commercial Vehicle2 Prod. (k units)CV Repl.4 Tire Market (mn units)LMC and own estimates

Passenger car and light truck <6t

2Heavy vehicles >6t

3Passenger car & light truck replacement

4Commercial vehicle replacement (radial and biased)

5) Outlook 2017Continental Corporation

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Before amortization of intangibles from PPA, consolidation and special effects

Thank you!

Disclaimer

  • › This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the release of theH1 2017 results on August 3, 2017, in Hanover and the subsequent road shows in Europe, North America and Asia. It has not been independently verified. It does not constitute an offer, invitation or recommendation to purchase orsubscribe 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 saleof such shares or other securities whatsoever.
  • › Neither Continental Aktiengesellschaft nor any of its affiliates, advisors or representatives shall have any liabilitywhatsoever (in negligence or otherwise) for any loss that may arise from any use of this presentation or its contentsor otherwise arising in connection with this presentation.
  • › This presentation includes assumptions, estimates, forecasts and other forward-looking statements, includingstatements about our beliefs and expectations regarding future developments as well as their effect on the results of Continental. These statements are based on plans, estimates and projections as they are currently available to the management of Continental. Therefore, these statements speak only as of the date they are made, and weundertake no obligation to update publicly any of them in light of new information or future events. Furthermore, although the management is of the opinion that these statements, and their underlying beliefs and expectations, arerealistic 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 expectationsexpressed here. Such factors include, for example and without limitation, changes in general economic and businessconditions, fluctuations in currency exchange rates or interest rates, the introduction of competing products, the lackof acceptance for new products or services and changes in business strategy.
  • › All statements with regard to markets or market position(s) of Continental or any of its competitors are estimates of Continental based on data available to Continental. Such data are neither comprehensive nor independently verified. Consequently, the data used are not adequate for and the statements based on such data are not meant to be anaccurate or proper definition of regional and/or product markets or market shares of Continental and any of theparticipants in any market.
  • › Unless otherwise stated, all amounts are shown in millions of euro. Please note that differences may arise as a result of the use of rounded amounts and percentages.

ContactEquity and Debt Markets Relations

Vahrenwalder Str. 930165 HanoverGermanyE-mail: [email protected]: +49 511 938 1080 www.continental-ir.com

Rolf Woller

Head of IRPhone: +49 511 938 1068E-mail: [email protected]

Jana Cross

Assistant to the Head of IRRoadshow and Conference OrganizationPhone: +49 511 938 1163E-mail: [email protected]

Michael Saemann

Analysts, Institutional Investors and Sustainability InvestorsPhone: +49 511 938 1307E-mail: [email protected]

Klaus Paesler

Analysts, Institutional Investors, ADR and Private Investors Phone: +49 511 938 1316 E-mail: [email protected]

Sabine Reese

Sustainability, ASM, CMD Organization, IR Website, Capital Market Disclosure RequirementsPhone: +49 511 938 1027 E-mail: [email protected]

Marvin KalberlahSocial MediaPhone: +49 511 938 14034E-mail: [email protected]

ContinentalFinancial Calendar

2017

P
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2
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1
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,

2018

ContinentalShare Data/ADR Data

Share Data

f
T
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Guaranteed by Continental AG

2Non-contracted rating at date of issuance

3Fitch since October 24, 2016; S&P since May 11, 2016; Moody&# € | | | 20
x27;s | | | 20
since June 30, 2015

4Non-contracted rating since February 1, 2014

Back-up

6) Back-upCorporation Highlights H1 2017

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Before 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

6) Back-upOverview of Volume Development

Un
its
(
Y
O
Y
ha
)
c
ng
e		 Q
/
5
1
1		 H
/
5
1
1		 M
/
5
9
1		 F
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5
1		 Q
/
1
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17
C a
Ma
ke
da
for
P
d
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T p
du
ion
t
ta
ct
r
n
ro
Eu
rop
e		 4
%		 3
%		 4
%		 4
%		 3
%		 6
%		 4
%		 3
%		 6
%		 1
%
No
h
Am
ica
rt
er		 1
%		 2
%		 3
%		 3
%		 4
%		 3
%		 2
%		 2
%		 2
%		 1
%
-
Eu
d
No
h
Am
ica
b
ine
d
rt
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e a
n
er
co
m		 3
%		 3
%		 4
%		 4
%		 3
%		 5
%		 3
%		 3
%		 4
%		 0
%
Wo
l
dw
i
de
r		 2
%		 1
%		 2
%		 2
%		 2
%		 3
%		 3
%		 4
%		 6
%		 3
%
Co
ine
nt
nta
l
E
lec
ic
Bra
ke
Sy
(
E
B
S
)
tro
ste
n
ms		 8
%		 6
%		 5
%		 5
%		 0
%		 4
%		 6
%		 6
%		 1
3
%		 1
0
%
Bo
ter
os
s		 -1
%		 4
%
-		 8
%
-		 -7
%		 -3
%		 3
%
-		 1
%
-		 1
%		 3
%		 3
%
Sy
E
P
B-
ste
ms		 5
9
%		 5
3
%		 47
%		 4
8
%		 3
8
%		 4
8
%		 5
1
%		 4
8
%		 47
%		 3
9
%
A
dv
d
dr
ive
ista
(
A
D
A
S
)
ste
an
ce
r a
ss
nc
e s
y
ms		 4
6
%		 5
3
%		 5
9
%		 5
8
%		 5
1
%		 45
%		 3
8
%		 3
6
%		 4
0
%		 4
0
%
En
ine
lec
ic c
l u
its
(
E
C
Us
)
tro
tro
g
e
n
on
n		 1
%
-		 3
%
-		 %
5
-		 %
-5		 -2
%		 3
%		 6
%		 8
%		 1
2
%		 9
%
In
j
tor
ec
s		 -8
%		 8
%
-		 1
1
%
-		 -1
1
%		 -5
%		 5
%
-		 2
%		 7
%		 1
9
%		 17
%
(
C
)
Tr
iss
ion
ntr
l u
its
T
Us
an
sm
co
o
n		 6
%		 2
%		 0
%		 -1
%		 -1
%		 1
%
-		 1
%		 1
%		 -2
%		 3
%
-
Tu
bo
ha
r
c
rg
ers		 5
9
%		 45
%		 5
0
%		 4
3
%		 2
3
%		 2
4
%		 1
8
%		 17
%		 45
%		 4
4
%
Ma
ke
da
ire
t
ta
t
r
s
P
C
d
L
T
lac
ire
Eu
t t
an
rep
em
en
s
rop
e		 1
%
-		 2
%		 0
%		 0
%		 2
%		 2
%		 2
%		 2
%		 6
%		 2
%
P
C
d
L
T
lac
ire
No
h
Am
ica
t t
rt
an
rep
em
en
s
er		 6
%
-		 0
%		 1
%		 1
%		 %
5		 2
%		 2
%		 2
%		 2
%		 1
%
Co
O
ia
l ve
h
ic
le
t
ire
E
Eu		 0
%		 4
%		 5
%		 5
%		 6
%		 5
%		 3
%		 3
%		 9
%		 6
%
mm
erc
s
rop
e
Co
ia
l ve
h
ic
le
ire
O
E
No
h
Am
ica
t
rt		 2
1
%		 17
%		 1
2
%		 7
%		 -1
2
%		 9
%		 1
6
%		 -1
3
%		 -8
%		 1
%
mm
erc
s
er
Co
ia
l ve
h
ic
le
lac
ire
Eu
t t		 4
%		 2
%		 1
%		 0
%		 2
%		 -
3
%		 -
3
%		 3
%		 1
1
%		 -
6
%
mm
erc
rep
em
en
s
rop
e
Co
ia
l ve
h
ic
le
lac
ire
No
h
Am
ica
t t
rt		 -
3
%		 %
5		 -
3
%		 3
%		 4
%		 3
%		 3
%		 2
%		 1
2
%		 1
%
mm
erc
rep
em
en
s
er
Co
l		 -
ine
nt
nta
P
C
d
L
T t
ire		 -1
%		 3
%		 2
%		 5
%		 9
%		 8
%		 6
%		 6
%		 5
%		 2
%
an
s
Co
ia
l ve
h
ic
le
t
ire
mm
erc
s		 -3
%		 0
%		 3
%		 5
%		 7
%		 8
%		 4
%		 4
%		 15
%		 1
0
%
Co
i
Te
h o
ic s
les
h
nt
t
c
rg
an
a
g
row		 2
%		 4
%		 4
%		 4
%		 3
%		 2
%		 2
%		 2
%		 8
%		 7
%

Note: Following products have been replaced in the statistics in order to better reflect current market trends. The ABS (anti-locking brake systems) and ESC (electronic stability control) are included in an electronic brake system (EBS). The sequential decline in unit sales in early 2016 is largely attributable to the change over from MK60 to MK100 brake system. Calipers have been replaced by electronic parking brake systems (EPB Systems) as the former cable puller handbrake is being replaced ever more often by an EPB. The EPB Systems integrate the caliper into the electronic parking brake. This causes a decline in classical caliper sales which is more than compensated by the increase in EPB systems. We sold more than 14 mn EPB systems in 2016.

6) Back-upKey Historical Credit Metrics

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

Amounts shown may contain rounding differences

2Adjusted EBITDA as defined in syndicated loan

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

4 Includes dividends received, income from equity accounted and other investments, including impairment and reversal of impairment losses, gains / losses from the disposal of assets, companies and business operations, other non-cash items as well as changes in employee benefits and other provisions and in other assets and liabilities 5Adjusted EBITDA to net cash interest paid

6) Back-upCapex, Depreciation and EPS Breakdown H1 2017

6) Back-up

Automotive Group Financials – Chassis & Safety

  • › Sales increased by 10.3% before consolidation and FX effects
  • › EBITDA increased by €49.0 mn to €663.8 mn (+8.0%)
  • › Adj. EBIT1oy
    increased by €32.6 mn to €466.3 mn (adj. EBIT1 | 1,
    margin 9.4%)
  • › EBIT increased by €32.8 mn to €466.3 mn (EBIT margin 9.4%)
  • ›No PPA effect in H1 2017
  • ›No special effects in H1 2017

6) Back-up

Automotive Group Financials – Powertrain

  • › Sales increased by 7.3% before consolidation and FX effects
  • › EBITDA increased by €67.7 mn to €428.3 mn (+18.8%)
  • › Adj. EBIT1ts**Consolidated Statement of Cash Flows

| Co
increased by €56.4 mn to €243.2 mn (adj. EBIT1ted
margin 6.2%)
- › EBIT increased by €55.9 mn to €231.2 mn (EBIT margin 5.9%)
- ›PPA effect in H1 2017: -€6.0 mn
- ›Special effects in H1 2017: -€2.4 mn

6) Back-upAutomotive Group Financials – Interior

  • › Sales increased by 10.1% before consolidation and FX effects
  • › EBITDA increased by €72.1 mn to €561.7 mn (+14.7%)
  • › Adj. EBIT1a
    increased by €62.1 mn to €413.2 mn (adj. EBIT1 | -61
    margin 9.0%)
  • › EBIT increased by €49.0 mn to €382.0 mn (EBIT margin 8.3%)
  • ›PPA effect in H1 2017: -€23.0 mn
  • ›No special effects in H1 2017

6) Back-upRubber Group Financials – Tires

  • › Sales increased by 3.9% before consolidation and FX effects
  • › EBITDA decreased by €105.4 mn to €1,326.1 mn (-7.4%)
  • › Adj. EBIT1
    decreased by €179.2 mn to €1,000.0 mn (adj. EBIT1 | -70
    margin 18.3%)
  • › EBIT decreased by €143.4 mn to €1,032.0 mn (EBIT margin 18.5%)
  • ›PPA effect in H1 2017: -€9.6 mn
  • ›Special effects in H1 2017: +€24.5 mn

6) Back-upTires – Demand for Passenger and Light Truck Tires

Replacement Tire Demand Development for PC & LT Europe

Replacement Tire Demand Development for PC & LT North America

U.S. Department of Transportation

6) Back-upTires – Demand for Commercial Vehicle Tires

Replacement Tire Demand

BAG = Bundesamt für Güterverkehr2ATA = American Trucking Association (miles traveled)

6) Back-upRubber Group Financials – ContiTech

  • › Sales increased by 6.6% before consolidation and FX effects
  • › EBITDA decreased by €6.4 mn to €366.9 mn (-1.7%)
  • › Adj. EBIT1ts**H1 2017 Results Reported and Adjusted (mn €) – by Division

| | Ch
decreased by €21.4 mn to 261.9 mn (adj. EBIT1ision

| | Ch
margin 8.9%)
- › EBIT decreased by €12.9 mn to €212.5 mn (EBIT margin 6.8%)
- ›PPA effect in H1 2017: -€46.9 mn
- › Special effects in H1 2017: -€0.1 mn restructuring and +€0.1 mn desinvestments

ContiTech H1

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

Before amortization of intangibles from PPA, consolidation and special effects. Refer to Fact Sheets for further details

Fact Sheets 2015 H1 2017

6) Fact SheetsSales by Quarter

Sa
les
n €		 20
15		 20
16		 20
17
(m
)		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar
Ch
Sa
is &
fety
ass		 2,
136
.0		 2,
142
.1		 1,
99
9.0		 2,
172
.6		 8,
44
9.7		 2,
20
1.8		 2,
24
6.2		 2,
176
.8		 2,
35
2.8		 8,
97
7.6		 2,
49
7.4		 2,
43
7.8
Po
in
rtra
we		 1,
82
6.5		 1,
81
9.8		 1,
65
7.4		 1,
76
4.8		 06
8.5
7,		 1,
81
3.5		 1,
84
1.5		 1,
5.4
77		 1,
88
9.1		 31
9.5
7,		 2,
00
3.1		 1,
94
7.2
Inte
rio
r		 1,
97
5.2		 2,
05
7.0		 2,
02
8.2		 2,
09
4.4		 8,
154
.8		 2,
02
3.0		 2,
09
9.8		 2,
04
1.2		 2,
160
.7		 8,
32
4.7		 2,
29
3.9		 2,
31
8.4
Tir
es		 2,
41
9.8		 2,
64
4.4		 2,
65
4.4		 2,
69
0.2		 10
40
8.8
,		 2,
51
2.7		 2,
69
2.7		 2,
70
8.7		 2,
80
3.3		 10
71
7.4
,		 2,
6.3
75		 2,
81
5.7
Co
ntiT
ech		 1,
26
8.3		 1,
41
8.8		 1,
33
0.8		 1,
34
9.9		 5,
36
7.8		 1,
35
9.1		 1,
37
6.6		 1,
35
0.5		 1,
37
6.3		 5,
46
2.5		 1,
52
1.4		 1,
58
7.5
Oth
er /
Co
lida
tio
nso
n		 56
.9
-		 52
.4
-		 52
.2
-		 56
.1
-		 21
7.6
-		 59
.4
-		 65
.8
-		 68
.8
-		 58
.2
-		 25
2.2
-		 72
.2
-		 73
.6
-
Co
nti
l C
tio
nta
ne
orp
ora
n		 9,
56
8.9		 10
02
9.7
,		 9,
61
7.6		 10
01
5.8
,		 39
23
2.0
,		 9,
85
0.7		 10
19
1.0
,		 9,
98
3.8		 10
52
4.0
,		 40
54
9.5
,		 10
99
9.9
,		 11
03
3.0
,
s Y
Y i		 20
16		 20
17
n %
-o-		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3
3.1 4.9 8.9 8.3 6.2 13
.4		 8.5
-0.
7		 1.2 7.1 7.0 3.6 10
.5		 5.7
2.4 2.1 0.6 3.2 2.1 13
.4		 10.
4
3.8 1.8 2.0 4.2 3.0 9.7 4.6
7.2 3.0
-		 1.5 2.0 1.8 11
.9		 15.
3
2.9 1.6 3.8 5.1 3.4 11
.7		 8.3

6) Fact SheetsEBITDA by Quarter

EB
ITD		 20
15		 20
16		 20
17
A (
€)
mn		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar
Ch
is &
Sa
fety
ass		 29
7.3		 29
3.4		 26
8.3		 30
1.3		 1,
160
.3		 30
2.8		 31
2.0		 14
.4
-		 35
4.2		 95
4.6		 33
6.9		 32
6.9
Po
in
rtra
we		 177
.2		 183
.5		 167
.3		 20
2.7		 73
0.7		 158
.8		 20
1.8		 175
.5		 22
0.1		 75
6.2		 21
3.9		 21
4.4
Inte
rio
r		 25
2.9		 29
9.8		 25
2.4		 27
7.1		 1,
08
2.2		 23
7.4		 25
2.2		 132
.5		 28
2.1		 90
4.2		 27
3.6		 28
8.1
Tir
es		 57
9.7		 73
4.6		 66
7.7		 62
2.3		 2,
60
4.3		 65
8.1		 77
3.4		 65
8.0		 73
9.2		 2,
82
8.7		 65
1.3		 67
4.8
Co
ntiT
ech		 129
.2		 169
.1		 159
.7		 119
.2		 57
7.2		 176
.1		 197
.2		 163
.5		 194
.1		 73
0.9		 19
1.3		 175
.6
Oth
er /
Co
lida
tio
nso
n		 33
.1
-		 47
.1
-		 23
.7
-		 49
.4
-		 153
.3
-		 27
.7
-		 23
.5
-		 37
.7
-		 28
.3
-		 117
.2
-		 28
.5
-		 27
.4
-
Co
l C
nti
nta
tio
ne
orp
ora
n		 1,
40
3.2		 1,
63
3.3		 1,
49
1.7		 1,
47
3.2		 6,
00
1.4		 1,
50
5.5		 1,
71
3.1		 1,
07
7.4		 1,
76
1.4		 6,
05
7.4		 1,
63
8.5		 1,
65
2.4
EB
ITD
A m
in
in %
arg		 20
15		 20
16		 20
17
Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar
Ch
is &
Sa
fety
ass		 13
.9		 13
.7		 13
.4		 13
.9		 13
.7		 13
.8		 13
.9		 -0.
7		 15
.1		 10
.6		 13
.5		 13
.4
Po
in
rtra
we		 9.7 10
.1		 10
.1		 11
.5		 10
.3		 8.8 11
.0		 9.9 11
.7		 10
.3		 10
.7		 11
.0
Inte
rio
r		 12
.8		 14
.6		 12
.4		 13
.2		 13
.3		 11
.7		 12
.0		 6.5 13
.1		 10
.9		 11
.9		 12
.4
Tir
es		 24
.0		 27
.8		 25
.2		 23
.1		 25
.0		 26
.2		 28
.7		 24
.3		 26
.4		 26
.4		 23
.6		 24
.0
Co
ntiT
ech		 10
.2		 11
.9		 12
.0		 8.8 10
.8		 13
.0		 14
.3		 12
.1		 14
.1		 13
.4		 12
.6		 11
.1
Co
nti
l C
tio
nta
ne
orp
ora
n		 14
.7		 16
.3		 15
.5		 14
.7		 15
.3		 15
.3		 16
.8		 10
.8		 16
.7		 14
.9		 14
.9		 15
.0
Ch
s Y
Y i
n %
an		 20
16		 20
17
ge
-o-		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3
Sa
is &
fety		 1.8 6.3 105
.4
-		 17
.6		 17
.7
-		 11
.3		 4.8
rtra
in
we		 -10
.4		 10
.0		 4.9 8.6 3.5 34
.7		 6.2
rio
r		 -6.
1		 15
.9
-		 47
.5
-		 1.8 16
.4
-		 15
.2		 14
.2
es 13
.5		 5.3 1.5
-		 18
.8		 8.6 1.0
-		 12
.7
-
ntiT
ech		 36
.3		 16
.6		 2.4 62
.8		 26
.6		 8.6 11
.0
-
Co
nti
l C
tio
nta
ne
orp
ora
n		 7.3 4.9 27
.8
-		 19
.6		 0.9 8.8 3.5
-

6) Fact SheetsEBIT by Quarter

EB 20
15		 20
16		 20
17
IT (
€)
mn		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar
Ch
is &
Sa
fety
ass		 21
4.9		 20
9.3		 18
1.5		 20
8.6		 81
4.3		 21
3.2		 22
0.3		 -10
7.4		 25
4.7		 58
0.8		 23
8.9		 22
7.4
Po
in
rtra
we		 96
.7		 10
1.0		 81
.3		 116
.6		 39
5.6		 66
.5		 108
.8		 80
.3		 122
.4		 37
8.0		 117
.1		 114
.1
Inte
rio
r		 190
.9		 23
4.1		 178
.7		 20
0.8		 80
4.5		 160
.1		 172
.9		 51
.3		 183
.5		 56
7.8		 185
.7		 196
.3
Tir
es		 45
4.0		 60
4.1		 53
6.5		 49
0.6		 2,
08
5.2		 53
0.0		 64
5.4		 52
2.3		 59
1.7		 2,
28
9.4		 50
5.1		 52
6.9
Co
ntiT
ech		 54
.9		 82
.3		 80
.6		 47
.2
-		 170
.6		 98
.7		 126
.7		 88
.0		 85
.8		 39
9.2		 117
.1		 95
.4
Oth
er /
Co
lida
tio
nso
n		 33
.5
-		 47
.5
-		 24
.0
-		 49
.6
-		 154
.6
-		 27
.8
-		 24
.5
-		 38
.2
-		 28
.9
-		 119
.4
-		 28
.8
-		 27
.8
-
Co
nti
l C
tio
nta
ne
orp
ora
n		 97
7.9		 1,
183
.3		 1,
03
4.6		 91
9.8		 4,
115
.6		 1,
04
0.7		 1,
24
9.6		 59
6.3		 1,
20
9.2		 4,
09
5.8		 1,
135
.1		 1,
132
.3
EB
IT
in
in %		 20
15		 20
16		 20
17
ma
rg		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar
Ch
Sa
is &
fety
ass		 10.
1		 9.8 9.1 9.6 9.6 9.7 9.8 4.9
-		 10.
8		 6.5 9.6 9.3
Po
in
rtra
we		 5.3 5.6 4.9 6.6 5.6 3.7 5.9 4.5 6.5 5.2 5.8 5.9
Inte
rio
r		 9.7 11.
4		 8.8 9.6 9.9 7.9 8.2 2.5 8.5 6.8 8.1 8.5
Tir
es		 18.
8		 22
.8		 20
.2		 18
.2		 20
.0		 21
.1		 24
.0		 19
.3		 21
.1		 21
.4		 18
.3		 18.
7
Co
ntiT
ech		 4.3 5.8 6.1 3.5
-		 3.2 7.3 9.2 6.5 6.2 7.3 7.7 6.0
Co
l C
nti
nta
tio
ne
orp
ora
n		 10
.2		 11
.8		 10
.8		 9.2 10
.5		 10
.6		 12
.3		 6.0 11
.5		 10
.1		 10
.3		 10
.3
Ch
s Y
Y i
n %		 20
16		 20
17
an
ge
-o-		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3
Ch
Sa
fety
is &
ass		 -0.
8		 5.3 159
.2
-		 22
.1		 28
.7
-		 12
.1		 3.2
Po
in
rtra
we		 -31
.2		 7.7 1.2
-		 5.0 4.4
-		 76
.1		 4.9
Inte
rio
r		 -16
.1		 26
.1
-		 71
.3
-		 8.6
-		 29
.4
-		 16
.0		 13.
5
Tir
es		 16.
7		 6.8 2.6
-		 20
.6		 9.8 4.7
-		 18.
4
-
Co
ntiT
ech		 79
.8		 53
.9		 9.2 28
1.8		 134
.0		 18
.6		 24
.7
-
Co
l C
nti
nta
tio
ne
orp
ora
n		 6.4 5.6 42
.4
-		 31
.5		 0.5
-		 9.1 9.4
-

6) Fact SheetsAdjusted EBIT1 by Quarter

EB
IT ¹
n €		 20
16		 20
17
j.
(m
)
Ad		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar
Ch
is &
Sa
fety
ass		 213
.3		 220
.4		 238
.9		 227
.4
Po
in
rtra
we		 72
.1		 114
.7		 124
.7		 118
.5
Inte
rior		 169
.1		 182
.0		 202
.9		 210
.3
Tir
es		 53
1.9		 647
.3		 486
.2		 513
.8
Co
ntiT
ech		 131
.0		 152
.3		 141
.6		 120
.3
Oth
er /
Co
lida
tion
nso		 27
.8
-		 24
.5
-		 -28
.8		 27
.8
-
Co
nti
l C
tio
nta
ne
orp
ora
n		 1,
089
.6		 1,
292
.2		 1,
165
.5		 1,
162
.5
Ad
EB
IT ¹
in i
n %		 20
16		 20
17
j.
m
arg		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar
Ch
is &
Sa
fety
ass		 9.7 9.8 9.6 9.3
Po
rtra
in
we		 4.0 6.2 6.3 6.1
Inte
rior		 8.4 8.7 8.9 9.2
Tir
es		 21
.2		 24
.0		 17.
9		 18.
6
Co
ntiT
ech		 9.6 11.
1		 9.6 8.2
Co
nti
l C
tio
nta
ne
orp
ora
n		 11.
1		 12.
7		 10.
7		 10.
7

Before amortization of intangibles from PPA, consolidation and special effects

6) Fact SheetsConsolidated Statement of Income

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

6) Fact SheetsConsolidated Statement of Financial Position – Assets

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

6) Fact Sheets

Consolidated Statement of Financial Position – Total Equity and Liabilities

Eq
ity
d
l
ia
b
i
l
it
ies
in
€
i
l
l
ion
u
an
m
s		 Ju
3
0,
2
0
1
7
ne		 De
3
1,
2
0
1
6
c.		 Ju
3
0,
2
0
1
6
ne
Su
bs
i
be
d c
ita
l
cr
ap		 5
1
2.
0		 5
1
2.
0		 5
1
2.
0
Ca
ita
l re
p
se
rve
s		 4,
1
6
5
5.		 4,
1
5
5.
6		 4,
1
6
5
5.
Re
ine
d e
ing
ta
arn
s		 1
2,
1
7
9.
7		 1
1,
3
4.
5
7		 1
0,
3
7
0.
6
O
he
he
ive
inc
t
r c
om
p
re
ns
om
e		 -2,
1
1
0.
4		 -1,
9
3
2.
3		 -2,
1
0
9.
8
Eq
ity
i
bu
b
le
he
ha
ho
l
de
f t
he
ttr
ta
to
t
nt
u
a
s
re
rs
o
p
are		 1
4,
7
3
6.
9		 1
4,
2
0.
0
7		 1
2,
9
2
8.
4
No
l
l
ing
inte
tro
ts
n-c
on
res		 4
4
7.
8		 4
6
4.
8		 4
3
0.
1
ity
To
ta
l e
q
u		 1
5,
1
8
4.
7		 1
4,
3
4.
8
7		 1
3,
3
5
8.
5
f
Lo
-te
loy
be
its
ng
rm
em
p
ee
ne		 4,
3
2
7.
4		 4,
3
9
2.
3		 4,
6
4
4.
6
De
fer
d t
l
ia
b
i
l
it
ies
re
ax		 4
3
0.
9		 3
7
1.
5		 3
6.
9
5
for
Lo
-te
is
ion
ot
he
is
ks
d o
b
l
ig
at
ion
ng
rm
p
rov
s
r r
an
s		 1
8
9.
3		 2
0
4.
2		 1
8
4.
7
Lo
in
de
bte
dn
-te
ng
rm
es
s		 2,
7
6
2.
4		 2,
8
0
3.
7		 2,
4
0
2.
6
Lo
he
f
ina
ia
l
l
ia
b
i
l
it
ies
-te
ot
ng
rm
r
nc		 4
0.
5		 9
7.
1		 4
0.
3
Lo
he
l
ia
b
i
l
it
ies
-te
ot
ng
rm
r		 1
5.
0		 1
7.
1		 2
0.
4
No
t
l
ia
b
i
l
it
ies
n-c
ur
ren		 7,
7
6
5.
5		 7,
8
8
5.
9		 7,
6
4
9.
5
S
f
ho
loy
be
its
rt-t
erm
em
p
ee
ne		 1,
2
9
2.
1		 1,
3
1
4.
1		 1,
1
8
6.
6
Tra
de
b
le
unt
ac
co
s p
ay
a		 6,
6
0
8.
6		 6,
2
4
8.
0		 6,
0
4
3.
1
Inc
b
les
e t
om
ax
p
ay
a		 8
3
5.
7		 7
8
3.
6		 7
7
4.
5
S
ho
is
ion
for
he
is
ks
d o
b
l
ig
ion
rt-t
ot
at
erm
p
rov
s
r r
an
s		 9
6.
7
7		 1,
1
4
6.
4		 3.
7
5
5
S
ho
in
de
bte
dn
rt-t
erm
es
s		 2,
5
9
5.
6		 2,
1
4
8.
6		 2,
8
2
7.
6
S
ho
he
f
ina
ia
l
l
ia
b
i
l
it
ies
rt-t
ot
erm
r
nc		 1,
2
0
8.
3		 1,
1
8
7.
3		 1,
0
6
8
5.
S
ho
rt-t
ot
he
l
ia
b
i
l
it
ies
erm
r		 8
0
9.
2		 7
2
6.
2		 7
6
6.
5
L
ia
b
i
l
it
ies
he
l
d
for
le
sa		 — — 4.
3
Cu
l
ia
b
i
l
it
ies
nt
rre		 1
4,
3
2
6.
2		 1
3,
5
5
4.
2		 1
3,
4
2
1.
9
To
l e
ity
d
l
ia
b
i
l
it
ies
ta
q
an
u		 3
2
6.
4
7,
7		 3
6,
1
7
4.
9		 3
4,
4
2
9.
9

6) Fact SheetsConsolidated Statement of Cash Flows

Co
lida
ted
St
ate
nt
of
Ca
sh
Fl
s in
€
mil
lion		 1
Jan
1 to
uar
y		 Ju
30
ne		 Se
d Q
con		 ter
uar
nso
me
ow
s		 20
17		 20
16		 20
17		 20
16
Ne
t in
co
me		 1,
525
.9		 1,
674
.6		 76
1.4		 923
.5
Inco
tax
me
ex
pen
se		 577
.7		 567
.1		 290
.7		 31
1.3
Ne
t in
lt
tere
st r
esu		 163
.8		 48
.6		 80
.2		 14.
8
EB
IT		 2,
267
.4		 2,
290
.3		 1,
132
.3		 1,
249
.6
Inte
id
t pa
res		 -61
.3		 63
.1
-		 13.
7
-		 16.
7
-
Inte
cei
ved
t re
res		 13.
5		 12.
1		 6.7 6.7
Inco
id
tax
me
pa		 -59
7.9		 544
.0
-		 337
.6
-		 326
.6
-
Div
ide
nds
cei
ved
re		 21
.0		 18.
6		 10.
8		 3.6
De
cia
tion
orti
ion
imp
air
nd
al o
f im
irm
los
zat
nt a
ent
pre
, am
me
rev
ers
pa
ses
,		 1,
023
.5		 928
.3		 520
.1		 463
.5
Inco
fro
ity-
ted
inv
est
d o
the
r in
tme
nts
inc
l. im
irm
ent
d re
sal
of
imp
air
nt l
me
m e
qu
acc
oun
ees
an
ves
pa
an
ver
me
oss
es
,		 36
.3
-		 36
.9
-		 22
.5
-		 20
.5
-
Ga
ins
/los
fro
he
dis
al o
f as
ies
d b
usi
atio
m t
set
ses
pos
s, c
om
pan
an
nes
s o
per
ns		 -23
.5		 3.4
-		 5.4
-		 2.1
-
Ch
in
ang
es
inv
orie
ent
s		 -50
5.1		 457
.5
-		 256
.5
-		 258
.0
-
tra
de
ts r
iva
ble
acc
oun
ece		 -70
3.1		 62
1.6
-		 176
.4		 46
.3
-
de
ble
tra
ts p
acc
oun
aya		 439
.6		 61
1.3		 8.8
-		 330
.0
loy
ben
efit
nd
oth
isio
em
p
ee
s a
er p
rov
ns		 -93
.6		 84
.3
-		 432
.1
-		 325
.5
-
oth
nd
liab
iliti
ts a
er a
sse
es		 -39
.4		 -67
.9		 70
.8		 -46
.6
Ca
sh
flo
ris
ing
fro
ing
tiv
itie
rat
w a
m o
pe
ac
s		 1,
704
.8		 1,
98
1.9		 840
.5		 1,
01
1.1
Ca
sh
flow
fro
he
dis
al o
f pr
lan
d e
ipm
d in
ible
m t
rty,
t an
ent
tan
set
pos
ope
p
qu
, an
g
as
s		 23
.7		 13.
6		 10.
3		 9.4
Ca
ital
ditu
lan
d e
ipm
d s
oftw
erty
t an
ent
p
ex
pen
re o
n p
rop
, p
qu
, an
are		 -1,
158
.1		 919
.9
-		 655
.4
-		 522
.1
-
Ca
ital
ditu
n in
tan
ible
set
s fr
de
vel
ent
oje
cts
d m
isc
ella
p
ex
pen
re o
g
as
om
opm
pr
an
neo
us		 -59
.9		 39
.9
-		 29
.6
-		 29
.4
-
Ca
sh
flow
fro
he
dis
al o
f co
ani
and
bu
sin
tion
m t
pos
mp
es
ess
op
era
s		 20
.2		 5.1 1.1 5.1
Ac
isit
ion
of
ies
d b
usi
atio
qu
com
pan
an
nes
s o
per
ns		 -23
8.9		 81
.8
-		 8.1
-		 4.1
-
Ca
sh
flo
ris
ing
fro
m i
sti
tiv
itie
w a
nve
ng
ac
s		 -1,
413
.0		 1,
022
.9
-		 68
1.7
-		 54
1.1
-
Ca
sh
flo
w b
efo
re f
ina
ing
tiv
itie
s (
fre
h f
low
)
nc
ac
e c
as		 29
1.8		 959
.0		 158
.8		 470
.0
Ch
e in
ind
ebt
ed
ang
nes
s		 345
.6		 22
.9
-		 707
.3		 357
.1
Su
ssi
cha
cce
ve
pur
ses		 -0.8 22
.4
-		 0.2
-		 20
.2
-
Div
ide
nds
id
pa		 -85
0.0		 750
.0
-		 850
.0
-		 750
.0
-
Div
ide
nds
id t
nd
h c
han
fro
ity
ctio
wit
h n
lling
int
tra
tro
sts
pa
o a
cas
ges
m e
qu
nsa
ns
on-
con
ere		 -26
.9		 26
.7
-		 26
.5
-		 26
.0
-
Ca
sh
and
sh
uiva
len
ts a
risi
fro
m f
irst
-tim
olid
atio
f su
bsi
dia
ries
ca
eq
ng
e c
ons
n o		 0.6 0.6 — —
Ca
sh
flo
ris
ing
fro
m f
ina
ing
tiv
itie
w a
nc
ac
s		 -53
1.5		 82
1.4
-		 169
.4
-		 439
.1
-
Ch
in c
h a
nd
sh
uiv
ale
nts
an
ge
as
ca
eq		 -23
9.7		 137
.6		 10.
6
-		 30
.9
Ca
sh
and
sh
uiva
len
t th
e b
inn
ing
of
the
ting
riod
ts a
ca
eq
eg
re
por
pe		 2,
107
.0		 1,
62
1.5		 1,
895
.7		 1,
693
.8
Eff
of
han
ch
h a
nd
h e
iva
len
ect
rate
ts
exc
ge-
ang
es
on
cas
cas
qu		 -60
.9		 39
.0
-		 78
.7
-		 4.6
-
Ca
sh
d c
h e
iva
len
t th
nd
of
th
ing
rio
d
ts a
ort
an
as
qu
e e
e r
ep
pe		 1,
806
.4		 1,
720
.1		 1,
806
.4		 1,
720
.1

6) Fact SheetsH1 2017 Results Reported and Adjusted (mn €) – by Division

Ch
sis
&
Sa
fet
as
y		 Po
in
rtra
we		 Int
eri
or		 Tir
es		 Co
nti
Te
ch		 Co
. / C
ns
orr		 Co
ion
rat
rpo
20
16		 20
17		 20
16		 20
17		 20
16		 20
17		 20
16		 20
17		 20
16		 20
17		 20
16		 20
17		 20
16		 20
17
Sa
les		 4,
44
8.0		 4,
93
5.2		 3,
65
5.0		 3,
95
0.3		 4,
122
.8		 4,
61
2.3		 5,
20
5.4		 5,
57
2.0		 2,
73
5.7		 3,
108
.9		 12
5.2
-		 145
.8
-		 20
04
1.7
,		 22
03
2.9
,
EB
IT		 43
3.5		 46
6.3		 175
.3		 23
1.2		 33
3.0		 38
2.0		 1,
175
.4		 1,
03
2.0		 22
5.4		 21
2.5		 52
.3
-		 56
.6
-		 2,
29
0.3		 2,
26
7.4
in %
of
les
sa		 9.7
%		 9.4
%		 4.8
%		 5.9
%		 8.1
%		 8.3
%		 22.
6%		 18.5
%		 8.2
%		 6.8
%		 11.4
%		 10.3
%
Am
iza
tio
f in
ible
fro
PP
A
ort
tan
ts
n o
g
as
se
m		 0.2 0.0 5.5 6.0 18
.0		 23
.0		 3.8 9.6 41
.4		 46
.9		 0.0 0.0 68
.9		 85
.5
To
tal
ial
eff
ts
sp
ec
ec		 0.0 0.0 6.0 2.4 0.1 0.0 0.0 24
.5
-		 16
.5		 0.0 0.0 0.0 22
.6		 22
.1
-
To
tal
oli
da
tio
ffe
cts
co
ns
n e		 0.0 0.0 0.0 3.6 0.0 8.2 0.0 17
.1
-		 0.0 2.5 0.0 0.0 0.0 2.8
-
To
tal
oli
da
tio
n &
ial
eff
ts
co
ns
sp
ec
ec		 0.0 0.0 6.0 6.0 0.1 8.2 0.0 41
.6
-		 16
.5		 2.5 0.0 0.0 22
.6		 24
.9
-
1
Ad
jus
ted
tin
ult
(a
dj.
EB
IT)
op
era
g r
es		 43
3.7
9.8
%		 46
6.3
9.4
%		 186
.8
5.1
%		 24
3.2
6.2
%		 35
1.1
8.5
%		 41
3.2
9.0
%		 1,
179
.2
22.
7%		 1,
00
0.0
18.3
%		 28
3.3
10.4
%		 26
1.9
8.9
%		 -52
.3		 -56
.6		 2,
38
1.8
11.9
%		 2,
32
8.0
10.7
%
in %
of
adj
ed
les
ust
sa

Before amortization of intangibles from PPA, consolidation and special effects

6) Fact SheetsH1 2017 Results Reported and Adjusted (mn €) – by Group

Q2
16/
20
201
7		 16/
YT
D J
- J
20
201
7
anu
ary
une
Au
otiv
tom
e		 Ru
bbe
r		 Co
/ C
ns.
orr		 Co
ion
rat
rpo		 Au
otiv
tom
e		 Ru
bbe
r		 Co
/ C
ns.
orr		 Co
ion
rat
rpo
201
6		 201
7		 201
6		 201
7		 201
6		 201
7		 201
6		 201
7		 201
6		 201
7		 201
6		 201
7		 201
6		 201
7		 201
6		 201
7
Sa
les		 6,
157
.5		 6,
661
.4		 4,
044
.6		 4,
381
.8		 11.
1
-		 10.
-		 2
10,
191
.0		 11,
033
.0		 12,
168
.5		 13,
415
.4		 7,
896
.3		 8,
642
.2		 23.
1
-		 24.
-		 7
20,
041
.7		 22,
032
.9
EB
IT		 502
.0		 537
.8		 772
.1		 622
.3		 24.
5
-		 27.
8
-		 1,
249
.6		 1,
132
.3		 941
.8		 1,
079
.5		 1,
400
.8		 1,
244
.5		 52.
3
-		 56.
6
-		 2,
290
.3		 2,
267
.4
in %
of s
ales		 8.2% 8.1
%		 19.
1%		 14.
2%		 12.
3%		 10.
3%		 %
7.7		 8.0
%		 17.
7%		 14.
4%		 11.
4%		 10.3
%
Am
iza
tio
f in
ible
s fr
PP
A
ort
tan
set
n o
g
as
om		 12.
5		 14.
4		 22.
4		 29.
9		 0.0 0.0 34.
9		 44.
3		 23.
7		 29.
0		 45.
2		 56.
5		 0.0 0.0 68.
9		 85.
5
To
tal
cia
l ef
fec
ts
spe		 2.6 1.4 5.1 11.
1
-		 0.0 0.0 7.7 9.7
-		 6.1 2.4 16.
5		 24.
5
-		 0.0 0.0 22.
6		 22.
1
-
To
tal
lida
tion
eff
ect
con
so
s		 0.0 2.6 0.0 7.0
-		 0.0 0.0 0.0 4.4
-		 0.0 11.
8		 0.0 14.
6
-		 0.0 0.0 0.0 2.8
-
lida
tion
cia
l ef
fec
To
tal
&
ts
con
so
spe		 2.6 4.0 5.1 18.
1
-		 0.0 0.0 7.7 14.
1
-		 6.1 14.
2		 16.
5		 39.
1
-		 0.0 0.0 22.
6		 24.
9
-
1
Ad
jus
ted
ting
ult
(a
dj.
EB
IT)
op
era
res		 517
.1		 556
.2		 799
.6		 634
.1		 -24
.5		 -27
.8		 1,
292
.2		 1,
162
.5		 971
.6		 1,
122
.7		 1,
462
.5		 1,
261
.9		 -52
.3		 -56
.6		 2,
381
.8		 2,
328
.0
in %
of a
djus
ted
sale
s		 8.4% 8.4
%		 19.
8%		 15.
1%		 12.
7%		 10.
7%		 8.0
%		 8.4
%		 18.
5%		 15.
1%		 11.
9%		 10.7
%

Before amortization of intangibles from PPA, consolidation and special effects

6) Fact SheetsContinental's Credit Rating

2 Non-contracted rating since February 1, 20143Contracted rating since November 7, 2013

ReferencesUseful Links

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