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Continental AG

Earnings Release • May 8, 2018

83_ip_2018-05-08_0b96a153-956d-401c-9fcd-5c1ef8e4bc41.pdf

Earnings Release

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Q1 2018 ResultsHanover – May 8, 2018

Ticker: CONADR-Ticker: CTTAYTwitter: @Continental_IRhttp://www.continental-ir.com

Wolfgang Schaefer – CFO

Agenda

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1) Corporation HighlightsMost Important KPIs for Q1 2018

  • ›Sales slightly up to €11.0 bn; organic sales growth at 4.3%; FX negative at €546 mn
  • › Adj. EBIT1 down by 9% to €1.1 bn; adj. EBIT1 margin at 9.7% (PPA2 -€42 mn and special effects -€6 mn)
  • NIAT3 amounted to €738 mn, down by 2%
  • Free cash flow amounted to €41 mn Free cash flow before acquisitions amounted to €186 mn
  • ›Gearing ratio improved to 12% and equity ratio to 44%
  • Value creation: trailing ROCE4 down to 19.8%
  • Other topics:
  • Order intake in the Automotive Group increased to €11 bn in Q1 2018
  • Change in outlook announced on April 18, 2018

3Attributable to the shareholders of the parent

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

1) Corporation Highlights Divisional Highlights for Q1 2018

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Before amortization of intangibles from PPA, consolidation and special effects

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

1) Corporation Highlights Selected Recent Press Clippings

Continental and NVIDIA Partner to Enable Worldwide Production of Artificial Intelligence Self-Driving CarsContinental and NVIDIA announced that they are partnering to create Artificial Intelligence (AI) self-driving vehicle systems based on the NVIDIA DRIVE™ platform, with a planned market

introduction in 2021 for level 3 automated driving features.

Go to press release

Continental and GIZ Committed to Sustainability in the Natural Rubber Supply Chain

Continental and Deutsche Gesellschaft für InternationaleZusammenarbeit (GIZ) GmbH are joining forces in a development partnership to improve the sustainability of the natural rubber supply chain in Indonesia.

Production of 48-Volt Battery SystemsContinental and Chinese automotive supplier and battery

Continental and CITC Establish Joint Venture for

manufacturer CITC (Sichuan Chengfei Integration Technology Co., Ltd.) will, through their respective subsidiaries, establish a joint venture for the development and production of 48-volt battery systemsfor the automotive industry.

Go to press release

Continental won a 2018 Automotive News PACE (Premier Innovation Partnership Awards

Automotive Suppliers' Contribution to Excellence) Award for its Digital Micromirror Head-Up Display technology. Audi and Continental were also presented with an Innovation Partnership Award for the Safety Domain Control Unit (SDCU).

Continental Wins 2018 Automotive News PACE and

Continental Supplies System Solutions for Smooth Goods Turnover

Continental products are an indispensable part of its logistics centers. They range from conveyor belts and timing belts for automated storage and retrieval systems through to lines, power transmission technology and vibration dampers in forklift trucks.

Continental Scores Highest Rating Awarded in ADAC All-Season Tire Test

AllSeasonContact tire from Continental "good in the wet and on snow; top marks for fuel economy". ADAC: "Summer and winter tires are as important as ever in terms of safe driving"

Go to press release

1) Corporation Highlights

Sales and Adjusted EBIT1 by Quarter

1) Corporation Highlights

Automotive Group and Rubber Group by Quarter

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

1) Corporation Highlights

Growth Profile of the Corporation Q1 2018

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

1) Corporation Highlights Sustainable Value Creation

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

1) Corporation Highlights Maturities for Bonds1 (€ mn)

As at March 31, 2018

2) Automotive Group

Sales and Adjusted EBIT1 by Division

Q1 2018 Results – May 8, 2018

11EDMR - Equity and Debt Market Relations

2) Automotive Group

Q1 2018: Sales and Profits Up

›Adj. EBIT1 increased by €5 mn; operating leverage2 amounted to 9%

›Adj. EBIT1 margin at 8.3% (PY: 8.3%)

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

7%-Points Growth above Market in Q1 2018

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

Sales and Adjusted EBIT1 by Division

Q1 2018 Impacted by FX and Inventory Revaluation

›Sales decreased by €48 mn mainly due to unfavorable FX development; organic sales growth in Q1 2018 at 2.3%

  • ›Adj. EBIT1 decreased by €104 mn mainly due to negative FX effects and some inventory revaluation
  • ›Adj. EBIT1 margin at 12.9% (PY: 14.9%)

Before amortization of intangibles from PPA, consolidation and special effects

Tires Sales Bridge (€ mn) Q1 2018

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

Tires: Q1 2018 Solid Price/Mix Development Continued in 2018

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

3) Rubber GroupExpected Raw Material Price Development in 2018

  • › Natural rubber price (TSR 20) is expected to decline by 4%
  • › Synthetic rubber price (butadiene feedstock) is forecast to stay stable
  • › Prices for carbon black and chemicals are forecast to rise by at least 10%
  • › Based on these assumptions, costs of raw materials are expected to have limited impact in 2018

Raw material price development1 2013 - 2018E (U.S. cents/kg)

Source: Bloomberg and Continental estimates for 2018

4) Indebtedness and Cash Flow

Net Indebtedness Bridge (€ mn)

4) Indebtedness and Cash Flow

Free Cash Flow Before Acquisitions (€ mn) in Q1 2018

20172017 before acquisitions 2018 2018 before acquisitions

4) Indebtedness and Cash Flow

Net Indebtedness and Gearing Ratio

5) Outlook 2018PC & LT Production by Quarter1

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

5) Outlook 2018Market Outlook

PC & LT1Production (mn units)

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1 Passenger cars and light trucks <6t2 Medium and heavy vehicles >6t3 Radial and bias

Commercial Vehicle2Production (k units)

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5) Outlook 2018

Continental Corporation

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Before amortization of intangibles from PPA, consolidation and special effects

Before effects of currency translation and effects from changes in the fair value of derivative instruments, and other valuation effects

Disclaimer

  • This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the Analyst and Investor Call on May 8, 2018, 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 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 otherwise arising in connection with this presentation.
  • This presentation includes assumptions, estimates, forecasts and other forward-looking statements, including statements about our beliefs and expectations regarding future developments as well as their effect on the results of Continental. These statements are based on plans, estimates and projections as they are currently available to the management of Continental. Therefore, these statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Furthermore, although the management is of the opinion that these statements, and their underlying beliefs and expectations, are realistic as of the date they are made, no guarantee can be given that the expected developments and effects will actually occur. Many factors may cause the actual development to be materially different from the expectations expressed here. Such factors include, for example and without limitation, changes in general economic and business conditions, fluctuations in currency exchange rates or interest rates, the introduction of competing products, the lack of acceptance for new products or services and changes in business strategy.
  • 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 an accurate or proper definition of regional and/or product markets or market shares of Continental and any of the participants 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.
  • Note: Due to the application of the modified retrospective approach during first time adoption of IFRS 9, Financial Instruments, and IFRS 15, Revenues from Contracts with Customers, as at January 1, 2018, all the figures from comparative periods are shown unadjusted.

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

ContactEquity and Debt Markets Relations

Vahrenwalder Str. 930165 HanoverGermany

e-mail: [email protected]: +49 511 938 1080 www.continental-ir.com

Rolf WollerHead of IR

Phone: +49 511 938 1068e-mail: [email protected]

Jana Cross

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

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ContinentalFinancial Calendar

2018

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Guaranteed by Continental AG

2Non-contracted rating at date of issuance

Fitch since October 24, 2016; S&P since May 11, 2016; Moody&#| 1,7
x27;s | 1,0
since June 30, 2015Non-contracted rating since February 1, 2014

Q1 2018 Results – May 8, 2018

EDMR - Equity and Debt Market Relations

Back-up

6) Back-upCorporation Highlights Q1 2018

Sa
les
›		 Inc
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Before amortization of intangibles from PPA, consolidation and special effects2 Amortization of intangibles from PPA, tax rate of 28% applied for EPS calculation3Attributable to the shareholders of the parent

Overview of Volume Development

Uni
ts (
YO
Y c
han
ge)		 Q1/
16		 H1/
16		 9M/
16		 FY
16		 Q1/
17		 H1/
17		 9M/
17		 FY
17		 Q1/
18
Mar
ket
dat
a fo
r PC
d L
T p
rod
uct
ion
an
Eur
ope		 2% 6% 3% 3% 6% 1% 2% 3% 0%
Nor
th A
rica
me		 4% 3% 2% 2% 2% 1%
-		 4%
-		 -4% -3%
Eur
and
No
rth A
rica
mbi
ned
ope
me
co		 3% 4% 3% 3% 4% 0% 1%
-		 0% -1%
Wo
rldw
ide		 2% 3% 3% 4% 6% 3% 3% 2% -1%
Co
ntin
ent
al
Org
anic
les
wth
Au
otiv
e G
tom
sa
gro
roup		 5% 11% 9% 9% 9% 6%
Ele
nic
Bra
ke S
(EB
S)
ctro
yste
ms		 0% 4% 6% 6% 13% 10% 9% 9% 3%
Boo
ster
s		 -3% 3%
-		 4% 1% 3% 3% 4% 6% 6%
EPB
-Sy
stem
s		 38% 48% 51% 48% 47% 39% 35% 33% 25%
Adv
ed d
rive
sist
s (A
DA
S)
stem
anc
r as
anc
e sy		 51% 45% 38% 36% 40% 40% 41% 41% 37%
Eng
ine
elec
ic c
ol u
nits
(EC
Us)
tron
ontr		 2%
-		 3% 6% 8% 12% 9% 7% 7% 2%
Inje
ctor
s		 -5% 5%
-		 2% 7% 19% 17% 15% 11% 8%
(TC
Tra
issi
ontr
ol u
nits
Us)
nsm
on c		 1%
-		 1%
-		 1% 1% -2% 3%
-		 5%
-		 -4% -2%
Tur
boc
harg
ers		 23% 24% 18% 17% 45% 44% 50% 56% 50%
a ti
Mar
ket
dat
res
PC
and
LT
lace
nt ti
Eur
rep
me
res
ope		 2% 2% 2% 2% 6% 2% 2% 3% -1%
PC
and
LT
lace
nt ti
Nor
th A
rica
rep
me
res
me		 5% 2% 2% 2% 2% 1% 1%
-		 0% -2%
Com
es O
rcia
l ve
hicl
e tir
E E
me
uro
pe		 6% 5% 3% 9% 6%
Com
es O
rcia
l ve
hicl
e tir
E N
orth
Am
eric
me
a		 12%
-		 9%
-		 16%
-		 3%
-13		 -8% 1%
-		 7% 10% 6%
Com
rcia
l ve
hicl
plac
ent
tire
s E
me
e re
em
uro
pe		 2% 3% 3% % 11% 6% 10% 8% 20%
Com
rcia
l ve
hicl
plac
tire
s N
orth
Am
eric
ent
me
e re
em
a		 4% 3% 3% 3%
2%		 12% 1%
-		 6%
4%		 4%
4%		 0%
4%
Co
ntin
al
ent
Org
anic
les
wth
Ru
bbe
r Gr
sa
gro
oup		 4% 7% 5% 6% 6% 2%
PC
and
LT
tire
s		 9% 8% 6% 6% 5% 2% 2% 3% -3%
Com
rcia
l ve
hicl
e tir
me
es		 7% 8% 4% 4% 15% 10% 8% 5% -5%
Con
tiTe
ch o
nic
sale
th
rga
s g
row		 3% 2% 2% 2% 8% 7% 8% 8% 5%

Key Historical Credit Metrics

1
(
€
)
mn		 2
0
1
4		 2
0
1
5		 2
0
1
6		 2
0
1
7		 L
T
M
St
f
Ca
h
F
low
ate
nt
me
o
s
s
2
A
d
j
d
E
B
I
T
D
A
te
us		 5,
3
1
8		 6,
0
9
4		 6,
1
2
5		 6,
0
1
7		 6,
6
3
1
Re
d
E
B
I
T
D
A
te
p
or		 5,
1
3
4		 6,
0
0
1		 6,
0
5
7		 6,
6
9
7		 6,
5
9
5
Ne
h
inte
i
d
t c
t p
as
res
a		 -15
8		 17
4
-		 1
1
2
-		 1
0
5
-		 8
5
-
Ta
i
d
x p
a		 -77
5		 1,
0
15
-		 1,
0
47
-		 1,
1
2
2
-		 1,
0
2
5
-
3
C
ha
in
k
ing
ita
l
t w
ng
e
ne
or
ca
p		 -2
0
7		 1
0
7
-		 2
1
0
-		 4
8
4
-		 6
2
8
-
4
Ot
he
r		 17
5		 2
1
0		 25
0		 25
3		 1
6
1
Ca
h
f
low
is
ing
fro
ing
iv
it
ies
at
t
s
ar
m
op
er
ac		 4,
1
6
8		 4,
9
1
6		 4,
9
3
8		 5,
2
2
1		 4,
9
9
0
Ca
h
f
low
is
ing
fro
inv
ing
iv
it
ies
t
t
s
ar
m
es
ac		 2,
1
5
3
-		 3,
4
2
7
-		 3,
1
6
7
-		 3,
4
6
8
-		 3,
3
3
0
-
he
f a
is
it
ion
t
reo
cq
u
s
-		 -1
2
9		 1,
25
7
-		 1
6
5
-		 9
6
5
-		 1
1
5
-
he
f c
in
P
P
E a
d
inta
i
b
les
t
reo
ap
ex
n
ng
-		 2,
1
1
0
-		 2,
2
6
5
-		 2,
7
0
8
-		 2,
9
5
1
-		 2,
8
9
1
-
Ca
f
fo
f
ina
ing
iv
it
ies
h
low
be
t
s
re
nc
ac		 2,
0
1
5		 1,
4
4
4		 1,
7
7
1		 1,
7
5
3		 1,
6
6
1
Ca
f
fo
is
it
ion
h
low
be
s
re
ac
q
u
s		 2,
1
4
4		 2,
7
0
1		 2,
2
8
8		 2,
3
4
9		 2,
1
7
1
St
f
ate
nt
F
ina
ia
l
Po
it
ion
me
o
nc
s
Ca
h a
d c
h e
iva
len
ts
s
n
as
q
u		 3,
2
4
4		 1,
6
2
2		 2,
1
0
7		 1,
8
8
2		 2,
2
8
9
De
iva
ive
ins
d
inte
be
ing
inv
t
tru
nts
t-
tm
ts
r
me
an
res
ar
es
en		 3
6
4		 8
1		 4
8		 1
6
1		 1
8
4
To
ta
l
in
de
bte
dn
es
s		 6,
4
3
2		 5,
2
45		 4,
9
5
2		 4,
0
9
0		 4,
45
6
Ne
in
de
bte
dn
t
es
s		 2,
8
2
4		 3,
5
4
2		 2,
7
9
8		 2,
0
4
8		 1,
9
8
4
Cr
d
it
Ra
ios
t
e
2
Ne
in
de
bte
dn
/ a
d
j
d
E
B
I
T
D
A
t
te
es
s
us		 0.
5x		 0.
6x		 0.
5x		 0.
3x		 0.
3x
5
Ne
h
int
i
d c
(
io
)
t c
t p
rat
as
er
es
a
ov
er
ag
e		 3
3.
7x		 3
5.
1x		 5
4.
8x		 6
3.
6x		 7
7.
8x

1 Amounts shown may contain rounding differences

2Adjusted EBITDA as defined in syndicated loan

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

4
Includes dividends received, income from equity-accounted and other investments, incl. impairment and reversal of items as well as changes in employee benefits and other provisions and in other assets and liabilities

Adjusted EBITDA to net cash interest paid

Q1 2018 Results – May 8, 2018

EDMR - Equity and Debt Market Relations

Capex, Depreciation and Earnings per Share Breakdown for Q1 2018

Automotive Group Financials – Chassis & Safety

2,2022,497 2,511 13.8% 13.5% 14.2% 9.6% 10.1% 2016 2017 2018Sales (mn €) EBITDA margin Adj. EBIT margin Chassis & Safety Q1 2018 Before amortization of intangibles from PPA, consolidation and special effects. › Sales increased by 6.0% before consolidation and FX effects › EBITDA increased by €19.9 mn to €356.8 mn (+5.9%) › Adj. EBIT17 | 10,
increased by €14.0 mn to €252.9 mn (adj. EBIT1f sa
margin 10.1%)› EBIT increased by €14.0 mn to €252.9 mn(EBIT margin 10.1%)› PPA effect in Q1 2018: €0.0 mn› No special effects in Q1 20181

Refer to Fact Sheets for further details

Automotive Group Financials – Powertrain

  • › EBITDA decreased by €6.6 mn to€207.3 mn (-3.1%)
  • › Adj. EBIT1> decreased by €13.4 mn to €107.7 mn (adj. EBIT1 | 134
    margin 5.5%)
  • › EBIT decreased by €17.7 mn to €99.4 mn (EBIT margin 5.1%)
  • ›PPA effect in Q1 2018: -€2.9 mn
  • ›Special effects in Q1 2018: -€5.4 mn

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

Automotive Group Financials – Interior

  • › EBITDA increased by €9.8 mn to €283.4 mn (+3.6%)
  • › Adj. EBIT1
    increased by €4.8 mn to €202.1 mn(adj. EBIT1 | -13
    margin 8.4%)
  • › EBIT decreased by €1.2 mn to €184.5 mn(EBIT margin 7.7%)
  • ›PPA effect in Q1 2018: -€12.6 mn
  • ›Special effects in Q1 2018: -€0.2 mn

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

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

Rubber Group Financials – Tires

  • › EBITDA decreased by €105.5 mn to €545.8 mn (-16.2%)
  • › Adj. EBIT1--------------------------------------------------------------------------------------------------------------------------|-------------------------------|---------------------------|------------------------------|
    | Go
    decreased by €96.2 mn to €400.2 mn(adj. EBIT1-----------------------------------------------------------------|-------------------------------|---------------------------|------------------------------|
    | Go
    margin 15.2%)
  • › EBIT decreased by €109.6 mn to €395.5 mn(EBIT margin 15.0%)
  • ›PPA effect in Q1 2018: -€4.5 mn
  • ›Special effects in Q1 2018: €0.0 mn

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

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

Tires – Demand for Passenger Car and Light Truck Tires

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

Tires – Demand for Commercial Vehicle Tires

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

Replacement Tire Demand for

Rubber Group Financials – ContiTech

  • › Sales increased by 5.1% before consolidation and FX effects
  • › EBITDA increased by €4.6 mn to €195.9 mn (+2.4%)
  • › Adj. EBIT1br> decreased by €8.0 mn to €131.0 mn(adj. EBIT1 | 16,
    margin 8.6%)
  • › EBIT increased by €4.8 mn to €121.9 mn(EBIT margin 7.6%)
  • ›PPA effect in Q1 2018: -€22.2 mn
  • ›No special effects in Q1 2018

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

ContiTech Q1 2018

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

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

2016 – Q1 2018 Fact Sheets

Sales by Quarter

Sa
les
(
€ m
n)		 201
6		 201
7		 201
8
Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r
Ch
Sa
is &
fety
ass		 2,2
01.
8		 2,2
46.
2		 2,1
76.
8		 2,3
52.
8		 8,9
77.
6		 2,4
97.
4		 2,4
37.
8		 2,3
07.
8		 2,5
24.
8		 9,7
67.
8		 2,5
11.
2
Pow
ain
ertr		 1,8
13.
5		 1,8
41.
5		 1,7
4
75.		 1,8
89.
1		 7,3
19.
5		 2,0
03.
1		 1,9
47.
2		 1,8
10.
5		 1,9
00.
1		 7,6
60.
9		 1,9
45.
6
Inte
rior		 2,0
23.
0		 2,0
99.
8		 2,0
41.
2		 2,1
60.
7		 8,3
24.
7		 2,2
93.
9		 2,3
18.
4		 2,2
69.
0		 2,4
23.
9		 9,3
05.
2		 2,4
01.
7
Tire
s		 2,5
12.
7		 2,6
92.
7		 2,7
08.
7		 2,8
03.
3		 10,
717
.4		 2,7
56.
3		 2,8
15.
7		 2,8
15.
4		 2,9
38.
4		 11,
325
.8		 2,6
35.
5
Co
ntiT
ech		 1,3
59.
1		 1,3
76.
6		 1,3
50.
5		 1,3
76.
3		 5,4
62.
5		 1,5
21.
4		 1,5
87.
5		 1,5
68.
3		 1,5
69.
2		 6,2
46.
4		 1,6
01.
7
Oth
er /
Co
lida
tion
nso		 59.
4
-		 65.
8
-		 68.
8
-		 58.
2
-		 252
.2
-		 72.
2
-		 73.
6
-		 78.
3
-		 72.
5
-		 296
.6
-		 83.
0
-
Co
ntin
ent
al C
tio
orp
ora
n		 9,
850
.7		 10,
191
.0		 9,
983
.8		 10,
524
.0		 40,
549
.5		 10,
999
.9		 11,
033
.0		 10,
692
.7		 11,
283
.9		 44,
009
.5		 11,
012
.7
Ch
Y-o
-Y
in %
ang
es
Ch
Sa
fety
is &
ass
Pow
ain
ertr
Inte
rior
Tire
s
Co
ntiT
ech
Co
ntin
al C
tio
ent
orp
ora
n

6) Fact SheetsEBITDA by Quarter

EB
ITD
€ m		 201
6		 201
7		 201
8
A (
n)		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r
Cha
ssis
& S
afe
ty		 302
.8		 312
.0		 14.
4
-		 354
.2		 954
.6		 336
.9		 326
.9		 300
.3		 337
.5		 1,3
01.
6		 356
.8
Pow
ain
ertr		 158
.8		 201
.8		 175
.5		 220
.1		 756
.2		 213
.9		 214
.4		 187
.4		 239
.1		 854
.8		 207
.3
Inte
rior		 237
.4		 252
.2		 132
.5		 282
.1		 904
.2		 273
.6		 288
.1		 287
.0		 291
.3		 1,1
40.
0		 283
.4
Tire
s		 658
.1		 773
.4		 658
.0		 739
.2		 2,8
28.
7		 651
.3		 674
.8		 661
.7		 760
.9		 2,7
48.
7		 545
.8
Co
ntiT
ech		 176
.1		 197
.2		 163
.5		 194
.1		 730
.9		 191
.3		 175
.6		 184
.0		 200
.0		 750
.9		 195
.9
Oth
er /
Co
lida
tion
nso		 27.
7
-		 23.
5
-		 37.
7
-		 28.
3
-		 117
.2
-		 28.
5
-		 -27
.4		 38.
2
-		 23.
0
-		 117
.1
-		 34.
2
-
Co
ntin
al C
tion
ent
orp
ora		 1,
505
.5		 1,7
13.
1		 1,0
77.
4		 1,7
61.
4		 6,0
57.
4		 1,6
38.
5		 1,6
52.
4		 1,
582
.2		 1,8
05.
8		 6,6
78.
9		 1,
555
.0
EB
ITD
A m
in i
n %		 201
6		 201
7		 201
8
arg Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r
Cha
& S
afe
ssis
ty		 13.
8		 13.
9		 0.7
-		 15.
1		 10.
6		 13.
5		 13.
4		 13.
0		 13.
4		 13.
3		 14.
2
Pow
ain
ertr		 8.8 11.
0		 9.9 11.
7		 10.
3		 10.
7		 11.
0		 10.
4		 12.
6		 11.
2		 10.
7
Inte
rior		 11.
7		 12.
0		 6.5 13.
1		 10.
9		 11.
9		 12.
4		 12.
6		 12.
0		 12.
3		 11.
8
Tire
s		 26.
2		 28.
7		 24.
3		 26.
4		 26.
4		 23.
6		 24.
0		 23.
5		 25.
9		 24.
3		 20.
7
Co
ntiT
ech		 13.
0		 14.
3		 12.
1		 14.
1		 13.
4		 12.
6		 11.
1		 11.
7		 12.
7		 12.
0		 12.
2
Co
al C
ntin
ent
tion
orp
ora		 15.
3		 16.
8		 10.
8		 16.
7		 14.
9		 14.
9		 15.
0		 14.
8		 16.
0		 15.
2		 14.
1
Ch
Y-o
-Y i
n %
ang		 201
7		 201
8
es Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4
& S
afe
ty		 11.
3		 4.8 2,1
85.
4		 4.7
-		 36.
4		 5.9
ain 34.
7		 6.2 6.8 8.6 13.
0		 3.1
-
15.
2		 14.
2		 116
.6		 3.3 26.
1		 3.6
-1.0 12.
7
-		 0.6 2.9 2.8
-		 16.
2
-
ntiT
ech		 8.6 11.
0
-		 12.
5		 3.0 2.7 2.4
ntin
al C
tion
ent
orp
ora		 8.8 3.5
-		 46.
9		 2.5 10.
3		 5.1
-

Q1 2018 Results – May 8, 2018

EDMR - Equity and Debt Market Relations

6) Fact SheetsEBIT by Quarter

EB
€ m		 201
6		 201
7		 201
8
IT (
n)		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r
Ch
is &
Sa
fety
ass		 213
.2		 220
.3		 107
.4
-		 254
.7		 580
.8		 238
.9		 227
.4		 200
.0		 231
.4		 897
.7		 252
.9
Pow
ertr
ain		 66.
5		 108
.8		 80.
3		 122
.4		 378
.0		 117
.1		 114
.1		 83.
1		 125
.6		 439
.9		 99.
4
Inte
rior		 160
.1		 172
.9		 51.
3		 183
.5		 567
.8		 185
.7		 196
.3		 168
.5		 198
.7		 749
.2		 184
.5
Tire
s		 530
.0		 645
.4		 522
.3		 591
.7		 2,2
89.
4		 505
.1		 526
.9		 515
.0		 604
.3		 2,1
51.
3		 395
.5
Co
ntiT
ech		 98.
7		 126
.7		 88.
0		 85.
8		 399
.2		 117
.1		 95.
4		 109
.5		 120
.2		 442
.2		 121
.9
Oth
er /
Co
lida
tion
nso		 27.
8
-		 24.
5
-		 38.
2
-		 28.
9
-		 119
.4
-		 28.
8
-		 27.
8
-		 38.
6
-		 23.
6
-		 118
.8
-		 35.
0
-
Co
ntin
al C
tion
ent
orp
ora		 1,
040
.7		 1,
249
.6		 596
.3		 1,
209
.2		 4,
095
.8		 1,
135
.1		 1,
132
.3		 1,
037
.5		 1,
256
.6		 4,
561
.5		 1,
019
.2
EB
IT m
in i
n %		 201
6		 201
7		 201
8
arg Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r
Ch
Sa
fety
is &
ass		 9.7 9.8 4.9
-		 10.
8		 6.5 9.6 9.3 8.7 9.2 9.2 10.
1
Pow
ertr
ain		 3.7 5.9 4.5 6.5 5.2 5.8 5.9 4.6 6.6 5.7 5.1
Inte
rior		 7.9 8.2 2.5 8.5 6.8 8.1 8.5 7.4 8.2 8.1 7.7
Tire
s		 21.
1		 24.
0		 19.
3		 21.
1		 21.
4		 18.
3		 18.
7		 18.
3		 20.
6		 19.
0		 15.
0
Co
ntiT
ech		 7.3 9.2 6.5 6.2 7.3 7.7 6.0 7.0 7.7 7.1 7.6
Co
ntin
al C
tion
ent
orp
ora		 10.
6		 12.
3		 6.0 11.
5		 10.
1		 10.
3		 10.
3		 9.7 11.
1		 10.
4		 9.3
Ch
Y-o
-Y i
n %
ang
es		 201
7		 201
8
Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4
Ch
is &
Sa
fety
ass		 12.
1		 3.2 286
.2		 9.1
-		 54.
6		 5.9
Pow
ain
ertr		 76.
1		 4.9 3.5 2.6 16.
4		 15.
1
-
Inte
rior		 16.
0		 13.
5		 228
.5		 8.3 31.
9		 0.6
-
Tire
s		 -4.7 18.
4
-		 1.4
-		 2.1 6.0
-		 21.
7
-
Co
ntiT
ech		 18.
6		 24.
7
-		 24.
4		 40.
1		 10.
8		 4.1
Co
ntin
al C
tion
ent
orp
ora		 9.1 9.4
-		 74.
0		 3.9 11.
4		 10.
2
-

Q1 2018 Results – May 8, 2018

EDMR - Equity and Debt Market Relations

6) Fact SheetsAdjusted EBIT1 by Quarter

Ad
EB
IT ¹
€ m		 201
7		 201
8
j.
(
n)		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4
Ch
is &
Sa
fety
ass		 238
.9		 252
.9
Pow
ertr
ain		 121
.1		 107
.7
Inte
rior		 197
.3		 202
.1
Tire
s		 496
.4		 400
.2
Co
ntiT
ech		 139
.0		 131
.0
Oth
er /
Co
lida
tion
nso		 -28
.8		 -35
.0
Co
ntin
ent
al C
tion
orp
ora		 1,
163
.9		 1,
058
.9
201
7		 201
8
Ad
j.
EB
IT ¹
in i
n %
ma
rg		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4
Ch
is &
Sa
fety
ass		 9.6 10.
1
Pow
ain
ertr		 6.0 5.5
Inte
rior		 8.6 8.4
Tire
s		 18.
0		 15.
2
Co
ntiT
ech		 9.2 8.6
Co
ntin
al C
tion
ent
orp
ora		 10.
6		 9.7
201
8
Ch
Y-o
-Y i
n %
ang
es		 Q1 Q2 Q3 Q4
Ch
is &
Sa
fety
ass		 5.9
Pow
ain
ertr		 -11
.1
Inte
rior		 2.4
Tire
s		 -19
.4
Co
ntiT
ech		 -5.8
-9.0

Before amortization of intangibles from PPA, consolidation and special effects

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

Consolidated Statement of Income

€ m 201
8		 201
7		 201
6
(
n)		 Q1 Q1 Q1
Sa
les		 11,
012
.7		 10,
999
.9		 850
9,
.7
Co
f sa
les
st o		 -8,
22
1.8		 8,
135
.2
-		 7,
249
.6
-
Gro
in o
ale
ss
ma
rg
n s
s		 2,
790
.9		 2,
864
.7		 2,
601
.1
1
Re
rch
d d
lop
nt e
sea
an
eve
me
xpe
nse
s		 -1,
026
.5		 780
.7
-		 716
.1
-
Se
lling
d lo
isti
an
g
cs
exp
ens
es		 -60
8.2		 600
.5
-		 548
.0
-
Ad
min
istr
ativ
e e
xpe
nse
s		 -28
7.1		 297
.8
-		 243
.7
-
1
Oth
nd
inc
er e
xpe
nse
s a
om
e		 134
.9		 64.
4
-		 69.
0
-
Inco
fro
ity-
ted
inv
est
me
m e
qu
acc
oun
ees		 15.
1		 13.
8		 16.
4
Oth
er i
fro
m i
stm
ent
nco
me
nve
s		 0.1
rni
efo
inte
Ea
s b
t a
nd
tax
ng
re
res		 1,
019
.2		 1,
135
.1		 1,
040
.7
Inte
t in
res
com
e		 22
.0		 23
.4		 24
.8
Inte
t ex
res
pen
se		 -70
.3		 107
.0
-		 58
.6
-
Fin
cia
l re
lt
an
su		 -48
.3		 83.
6
-		 33.
8
-
Ea
rni
s b
efo
re t
ng
ax		 970
.9		 1,
051
.5		 1,
006
.9
Inco
tax
me
ex
pen
se		 -21
9.4		 287
.0
-		 255
.8
-
Ne
t in
co
me		 751
.5		 764
.5		 751
.1
No
roll
ing
int
ont
sts
n-c
ere		 -13
.9		 14.
9
-		 17.
2
-
Ne
t in
att
rib
uta
ble
to
the
sh
ho
lde
f th
nt
co
me
are
rs o
e p
are		 737
.6		 749
.6		 733
.9
Ba
sic
rnin
sh
(
in
€)
ea
gs
per
are		 3.6
9		 3.7
5		 3.6
7
Dil
d e
ing
har
e (
in
€)
ute
arn
s p
er s		 3.6
9		 3.7
5		 3.6
7

Due to the application of the modified retrospective approach during first time adoption of IFRS 9, Financial Instruments, and IFRS 15, Revenues from Contracts with Customers, as at January 1, 2018, all the figures from comparative periods are shown unadjusted.

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

Consolidated Statement of Financial Position – Assets

As
set
s in
€
mil
lion
s		 Ma
rch
31
, 20
18		 De
c. 3
1, 2
017		 Ma
rch
31,
20
17
Go
odw
ill		 6,9
67.
8		 7,0
10.
1		 6,9
77.
1
Oth
er i
ible
nta
set
ng
as
s		 1,5
22.
8		 1,60
7.3		 1,6
20.
5
Pro
lant
d e
ipm
ty, p
ent
per
an
qu		 11,
152
.1		 11,2
02.
1		 10,
766
.8
Inve
stm
ent
ty
pro
per		 10.
5		 10.5 10.
3
Inve
stm
ent
s in
uity
nte
d in
tee
eq
-ac
cou
ves
s		 428
.9		 414
.8		 382
.8
Oth
er i
stm
ent
nve
s		 179
.4		 51.
0		 44.
0
Def
d ta
set
erre
x as
s		 1,5
29.
2		 1,5
17.2		 1,8
19.
5
Def
ine
d b
fit a
ts
ene
sse		 14.
7		 16.
0		 36.
8
Lon
g-te
trac
t as
set
rm
con
s		 — n. a n. a
Lon
der
ivat
ive
inst
nd
inte
t-be
arin
inve
g-te
ent
stm
ent
rm
rum
s a
res
g
s		 40.
6		 113
.3		 17.
3
Lon
oth
er f
ina
ncia
l as
g-te
set
rm
s		 69.
4		 68.
8		 68.
0
Lon
oth
g-te
ts
rm
er a
sse		 26.
9		 27.
3		 27.
1
No
ent
set
n-c
urr
as
s		 21,
942
.3		 22,
038
.4		 21,
770
.2
Inve
ries
nto		 4,3
67.
0		 4,1
28.
2		 4,1
16.
5
Tra
de
ivab
le
ts r
acc
oun
ece		 8,2
94.
8		 7,6
69.
3		 8,3
51.
9
Sho
rt-te
trac
t as
set
rm
con
s		 35.
3		 n. a n. a
1
Sho
er f
rt-te
oth
ina
ncia
l as
set
rm
s		 324
.3		 297
.0		 254
.4
1
Sho
rt-te
oth
ts
rm
er a
sse		 1,2
69.
2		 1,18
6.8		 1,3
33.
3
Inco
eiva
ble
tax
me
rec
s		 177
.3		 178
.2		 145
.8
Sho
der
ivat
ive
inst
nd
inte
t-be
arin
inve
rt-te
ent
stm
ent
rm
rum
s a
res
g
s		 143
.4		 47.
6		 42.
0
Ca
sh a
nd
h e
ival
ent
cas
qu
s		 2,2
88.
6		 1,88
1.5		 1,8
95.
7
Ass
held
for
le
ets
sa		 2.0 13.5 2.0
Cu
nt a
ts
rre
sse		 16,
901
.9		 15,4
02.
1		 16,
141
.6
Tot
al a
ts
sse		 38,
844
.2		 37,
440
.5		 37,
911
.8

From the 2018 reporting year, the presentation of financial assets is made more transparent by reclassifying deferred costs from the sale of customer tooling from short-term other financial assets to short-term other assets among these items of the statement of financial position. The figures from the comparative periods have been adjusted accordingly.

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

Consolidated Statement of Financial Position – Total Equity and Liabilities

Equ
ity a
nd
liab
ilitie
s in
€ m
illio
ns		 Ma
rch
31
, 20
18		 Dec
. 31
, 20
17		 Ma
rch
31,
20
17
Sub
ibe
d ca
pita
l
scr		 512
.0		 512
.0		 512
.0
Cap
ital
res
erve
s		 4,1
55.
6		 4,1
6
55.		 4,1
55.
6
Ret
ain
ed
ning
ear
s		 14,4
37.
7		 13,6
69.
3		 12,2
84.
3
Oth
hen
sive
inc
er c
om
pre
om
e		 -2,5
52.
0		 -2,5
08.
5		 -1,7
00.
6
Equ
ity
ibu
tab
le t
o th
har
eho
lde
f th
attr
nt
e s
rs o
e p
are		 16,
553
.3		 15,8
28.
4		 15,2
51.
3
Non
lling
inte
ntro
rest
-co
s		 458
.1		 461
.9		 471
.1
Tot
al e
qui
ty		 17,
011
.4		 16,2
90.
3		 15,7
22.
4
fits
Lon
g-te
loye
e b
rm e
mp
ene		 4,4
10.4		 4,3
94.
1		 4,3
56.
1
Def
d ta
x lia
bilit
ies
erre		 352
.3		 348
.5		 444
.7
Lon
g-te
visi
for
oth
isks
d o
blig
atio
rm
pro
ons
er r
an
ns		 133
.5		 139
.6		 205
.5
Lon
inde
bte
dne
g-te
rm
ss		 1,45
9.7		 2,0
17.8		 2,7
83.
2
Lon
the
r fin
ial l
iab
ilitie
g-te
rm o
anc
s		 35.
5		 36.
1		 106
.2
Lon
liab
ilitie
g-te
ont
ract
rm c
s		 11.3 n. a n. a
Lon
g-te
the
r lia
bilit
ies
rm o		 16.6 25.
4		 16.0
No
nt l
iab
ilitie
n-c
urre
s		 6,4
19.3		 6,9
61.
5		 7,9
11.7
Sho
ploy
ben
efits
rt-te
rm
em
ee		 1,74
5.0		 1,49
0.6		 1,59
6.1
Tra
de
ble
ts p
acc
oun
aya		 6,7
57.
0		 6,7
98.
5		 6,7
60.
1
Sho
t lia
bilit
ies
rt-te
trac
rm
con		 1,00
2.1		 n. a n. a
Inco
able
tax
me
pay
s		 934
.7		 889
.7		 829
.0
Sho
visi
for
oth
isks
d o
blig
atio
rt-te
rm
pro
ons
er r
an
ns		 919
.4		 943
.0		 1,19
8.2
Sho
inde
bte
dne
rt-te
rm
ss		 2,9
96.
7		 2,0
72.2		 1,93
9.4
Sho
othe
r fin
ial l
iab
ilitie
rt-te
rm
anc
s		 345
.9		 1,27
6.8		 1,1
11.0
Sho
othe
r lia
bilit
ies
rt-te
rm		 712
.7		 717
.9		 843
.9
Cu
t lia
bilit
ies
rren		 15,
413
.5		 14,
188
.7		 14,2
77.
7
Tot
al e
qui
nd
liab
ilitie
ty a
s		 38,
844
.2		 37,
440
.5		 37,
911
.8

Consolidated Statement of Cash Flows

Jan
1 to
uary		 Ma
rch 3
1
In €
mil
lion
s		 201
8		 201
7
Net
inco
me		 751
.5		 764
.5
Inco
me t
ax e
xpe
nse		 219
.4		 287
.0
Fina
ncia
l res
ult		 48.3 83.6
EBI
T		 1,01
9.2		 1,1
35.1
Inter
paid
est		 -28.
2		 -47
.6
Inter
est
ived
rece		 7.6 6.8
Inco
aid
me t
ax p		 -190
.3		 -26
0.3
Divi
den
ds r
ived
ece		 15.2 10.
2
al of
Dep
reci
atio
ortiz
atio
n, im
pair
t an
d re
imp
airm
ent
loss
n, am
men
vers
es		 535
.8		 503
.4
Inco
me f
ity-a
d inv
nd o
ther
inve
incl.
imp
airm
nd r
rsal
of im
pair
t los
unte
este
stme
nts,
ent a
rom
equ
cco
es a
eve
men
ses		 -15.
2		 -13.
8
Gain
s/los
from
l of a
the
disp
sset
nies
and
bus
ines
erat
ions
ses
osa
s, co
mpa
s op		 -6.7 -18
.1
Cha
s in
nge
inve
ntor
ies		 -254
.3		 -24
8.6
trad
ceiv
able
ts re
e ac
coun		 -540
.5		 -87
9.5
trad
yab
le
ts pa
e ac
coun		 -29.
5		 448
.4
loye
e be
nefit
d ot
her
ision
emp
s an
prov
s		 272
.1		 338
.5
othe
nd li
abil
ities
ets a
r ass		 -151
.1		 -110
.2
Cas
h flo
risin
g fro
ting
ivitie
act
w a
m o
pera
s		 634
.1		 864
.3
Cas
h flo
w fro
f pro
m th
e di
sal o
pert
y, pl
ant a
nd e
quip
t, an
d int
ible
ts
spo
men
ang
asse		 24.9 13.
4
Cap
soft
ital e
nditu
rty, p
lant
and
ipm
ent,
and
xpe
re o
n pr
ope
equ
war
e		 -459
.4		 -50
2.7
Cap
ital e
nditu
n int
ible
ts fr
dev
elop
jects
and
mis
cella
t pro
xpe
re o
ang
asse
om
men
neo
us		 -13.
7		 -30
.3
Cas
h flo
w fro
m th
e di
sal o
f co
nies
and
bus
ines
erat
ions
spo
mpa
s op		 0.0 19.
1
Acq
uisit
ion o
f co
nies
and
bus
ines
erat
ions
mpa
s op
1		 -145
.0		 -23
0.8
Cas
h flo
risin
g fro
m in
ting
ivitie
act
w a
ves
s
1		 -593
.2		 -73
1.3
Cas
h flo
w b
efor
e fin
ing
acti
vitie
s (fr
ash
flow
)
anc
ee c		 40.9 133
.0
Cha
in in
deb
tedn
nge
ess		 387
.7		 -361
.7
Suc
ive p
urch
cess
ase
s		 -2.6 -0.6
Divi
den
ds p
aid
to a
nd c
ash
chan
from
ity tr
ction
s wi
th no
ntro
lling
inte
rests
ges
equ
ansa
n-co		 -6.4 -0.4
Cas
h an
d ca
sh e
quiv
alen
risin
g fro
m fir
st-ti
olida
tion
of s
ubsi
diar
ies
ts a
me
cons		 — 0.6
Cas
h flo
risin
g fro
m fi
cing
ivitie
act
w a
nan
s		 378
.7		 -36
2.1
Cha
in c
uiva
ash
and
h eq
lent
nge
cas
s		 419
.6		 -22
9.1
Cas
h an
d ca
sh e
quiv
alen
ts at
the
beg
innin
g of
the
rting
iod
repo
per		 1,88
1.5		 2,1
07.0
Effe
ct of
hang
hang
sh a
nd c
ash
ivale
te c
nts
exc
e-ra
es o
n ca
equ		 -12.
5		 17.
8
Cas
h an
d ca
sh e
quiv
alen
t the
end
of t
he r
rting
iod
ts a
epo
per		 2,28
8.6		 95.7
1,8

Q1 2018 Results Reported and Adjusted (€ mn) – by Division

Ch
is &
ass
201
7		 Sa
fety
201
8		 Po
we
201
7		 in
rtra
201
8		 Inte
201
7		 rior
201
8		 Tir
201
7		 es
201
8		 Co
ntiT
201
7		 ech
201
8		 Co
ns.
201
7		 /Co
rr.
201
8		 Co
rpo
201
7		 ion
rat
201
8
Sa
les		 2,4
97.
4		 2,
511
.2		 2,0
03.
1		 1,9
45.
6		 2,2
93.
9		 2,4
01.
7		 2,7
56.
3		 2,6
35.
5		 1,
521
.4		 1,6
01.
7		 72.
2
-		 83.
0
-		 10,
999
.9		 11,
012
.7
EB
IT
in %
of s
ales		 238
.9
9.6%		 252
.9
10.
1%		 117
.1
5.8
%		 99.
4
5.1
%		 185
.7
8.1
%		 184
.5
7.7
%		 505
.1
18.
3%		 395
.5
15.
0%		 117
.1
7.7
%		 121
.9
7.6
%		 28.
8
-		 35.
0
-		 1,1
35.
1
10.3
%		 1,0
19.
2
9.3
%
Am
iza
tion
of
inta
ible
s fr
PP
A
ort
set
ng
as
om		 0.0 0.0 3.0 2.9 11.
6		 12.
6		 4.8 4.5 21.
8		 22.
2		 0.0 0.0 41.
2		 42.
2
To
tal
cia
l ef
fec
ts
spe		 0.0 0.0 1.0 5.4 0.0 0.2 13.
5
-		 0.0 0.1 0.0 0.0 0.0 12.
4
-		 5.6
To
tal
sol
ida
tion
eff
ect
con
s		 0.0 0.0 0.0 0.0 0.0 4.8 0.0 0.2 0.0 13.
1
-		 0.0 0.0 0.0 8.1
-
To
tal
sol
ida
tion
d s
ial
effe
cts
con
an
pec		 0.0 0.0 1.0 5.4 0.0 5.0 5
13.
-		 0.2 0.1 13.
1
-		 0.0 0.0 12.
4
-		 2.5
-
1
Ad
jus
ted
ting
ult
(a
dj.
EB
IT)
op
era
res
in %
of a
djus
ted
sale
s		 238
.9
9.6%		 252
.9
10.
1%		 121
.1
6.0
%		 107
.7
%
5.5		 197
.3
8.6
%		 202
.1
8.4
%		 496
.4
18.
0%		 400
.2
15.
2%		 139
.0
9.2
%		 131
.0
8.6
%		 28.
8
-		 35.
0
-		 1,1
63.
9
10.6
%		 1,0
58.
9
9.7
%

Before amortization of intangibles from PPA, consolidation and special effects

Q1 2018 Results Reported and Adjusted (€ mn) – by Group

Au
oti
tom
ve		 Ru
bb		 er Co
./C
ns		 orr Co
ion
rat
rpo
20
17		 20
18		 20
17		 20
18		 20
17		 20
18		 20
17		 20
18
Sa
les		 6,
754
.0		 6,
813
.9		 4,
260
.4		 4,
212
.2		 14.
5
-		 13.
4
-		 10,
999
.9		 11,
012
.7
EB
IT
in %
of
sale
s		 54
1.7
8.0%		 536
.8
7.9
%		 622
.2
14.
6%		 517
.4
12.
3%		 28
.8
-		 35
.0
-		 1,
135
.1
10.3
%		 1,
019
.2
9.3
%
Am
iza
tio
f in
ible
s f
PP
A
ort
tan
set
n o
g
as
rom		 14.
6		 15.
5		 26
.6		 26
.7		 0.0 0.0 41
.2		 42
.2
To
tal
ial
eff
ect
sp
ec
s		 1.0 5.6 13.
4
-		 0.0 0.0 0.0 12.
4
-		 5.6
To
tal
olid
atio
ffe
cts
co
ns
n e		 0.0 4.8 0.0 12.
9
-		 0.0 0.0 0.0 -8.
1
To
tal
olid
atio
nd
ial
eff
ect
co
ns
n a
sp
ec
s		 1.0 10.
4		 13.
4
-		 -12
.9		 0.0 0.0 12.
4
-		 2.5
-
1
Ad
jus
ted
tin
ult
(a
dj.
EB
IT)
op
era
g r
es
in %
of
adju
sted
les
sa		 557
.3
8.3%		 562
.7
8.3
%		 635
.4
14.
9%		 53
1.2
12.
9%		 28
.8
-		 35
.0
-		 1,
163
.9
10.6
%		 1,
058
.9
9.7
%

Before amortization of intangibles from PPA, consolidation and special effects

Continental's Credit Rating

Contracted rating since May 19, 2000.2 Non-contracted rating since February 1, 2014.Contracted rating since November 7, 2013.

Q1 2018 Results – May 8, 2018EDMR - Equity and Debt Market Relations

ReferencesUseful Links

Co
ine
l
Inv
Re
la
ion
bs
i
t
ta
to
t
te
n
n
es
r
s w
e		 ine
l-
ir.c
t
ta
ww
w.
co
n
n
om
An
l a
d
in
im
te
ts
nu
a
n
r
re
p
or		 ine
l-c
ion
/e
/
inv
/re
t
ta
t
to
ts
ww
w.
co
n
n
or
p
or
a
.co
m
n
es
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