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Continental AG — Earnings Release 2017
Mar 8, 2018
83_ip_2018-03-08_3eb039bd-b398-4327-9e3a-ad013e01eb8d.pdf
Earnings Release
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Preliminary Results for FY 2017Hanover – March 8, 2018
Ticker: CONADR-Ticker: CTTAYTwitter: @Continental_IRhttp://www.continental-ir.com
Wolfgang Schaefer – CFO
Agenda
| 1 | C i H i h l i h t t o r p o r a o n g g s |
3 |
|---|---|---|
| 2 | A i G t t u o m o v e r o u p |
1 2 |
| 3 | G R b b u e r r o u p |
1 7 |
| 4 | I d b d d C h F l t n e e n e s s a n a s o w |
2 2 |
| 5 | O l k 2 0 1 8 t o o u |
2 6 |
| 6 | M d i T O l k t e u m e r m u o o - |
2 9 |
| 7 | S B k- d 2 0 1 2 0 1 F h 5- 7 t t a c p a n a c e e s u |
3 7 |
Preliminary FY 2017 Results - March 8, 2018
1) Corporation HighlightsMost Important KPIs for FY 2017
- ›Sales up by 8.5% to €44.0 bn; organic sales growth at 8.1%; FX negative at €435 mn
- ›Adj. EBIT1 up by 10.1% to €4.7 bn; adj. EBIT1 margin at 10.9% (PPA2 -€171 mn and special effects -€14 mn)
- ›NIAT3 amounted to €3.0 bn, up by 6.5%
- Free cash flow amounted to €1.8 bnincluding €596 mn cash outflow for acquisitions (mainly Hornschuch and Argus); free cash flow before acquisitions amounted to €2.3 bn
- ›Gearing ratio down to 13%; equity ratio up to 44%
- ›Value creation: trailing ROCE4 up slightly to 20.6%
- Other topics:
- Order intake: lifetime sales in the Automotive Group increased to almost €40 bn
- Dividend to increase by €0.25 to €4.505 for FY 2017
5Subject to approval of the Annual Shareholders' Meeting (ASM) on April 27, 2018
Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations3
Before amortization of intangibles from PPA, consolidation and special effects
2Amortization of intangibles from PPA
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
1) Corporation Highlights Divisional Highlights for FY 2017
Automotive Group
- Automotive Group: Organic sales increased by 9.3%, exceeding worldwide car production by 7%-points; adj. EBIT1margin increased by 180 bps to 8.4% (PY: 6.6%);
- › Order intake in the Automotive Group increased to almost €40 bn
- › Chassis & Safety: 9.2% adj. EBIT1 margin (PY: 6.5%); organic sales up by 10.4%; ADAS unit sales up by 41%
- › Powertrain: 6.2% adj. EBIT1 margin (PY: 5.4%); organic sales up by 5.6%; adj. EBIT1 margin before HEV at >9%
- › Interior: 9.2% adj. EBIT1 margin (PY: 7.6%); organic sales increased by 11.6% driven by strong demand for displays as well as body and security electronics
Before amortization of intangibles from PPA, consolidation and special effects
Rubber Group
- Rubber Group: Organic sales up by 6.3% and adj. EBIT1 margin down to 15.6% (PY: 17.5%), negatively impacted by more than €450 mn from rise in raw material costs
- › Tires: Adj. EBIT1 margin down to 19.0% (PY: 21.4%), mainly impacted by higher raw material costs; solid price mix 2%; volumes were up by 3%; FX impacted tire sales negatively by 1%; organic sales up by 5.3%Tire markets: PC & LT tire replacement demand in Europe and North America combined was up by 2%
- › ContiTech: Adj. EBIT1 margin decreased by 70 bps to 8.8% (PY: 9.5%), negatively impacted by rising rawmaterial costs; organic sales up by 8.1%
Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
Before amortization of intangibles from PPA, consolidation and special effects
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
Before amortization of intangibles from PPA, consolidation and special effects
6
EDMR - Equity and Debt Market Relations
Including asset impairment and necessary reversal of impairment losses amounting to €5.0 mn
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
EDMR - Equity and Debt Market Relations
Dividend for FY 2017 subject to approval of the Annual Shareholders' Meeting (ASM) on April 27, 20182Dividend paid for the respective fiscal year, payout in the subsequent year
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
2) Automotive Group
Sales and Adjusted EBIT1 by Division
Preliminary FY 2017 Results - March 8, 2018
›Sales increased by €436 mn; organic sales growth in Q4 2017 at 10.1%
›Adj. EBIT1 increased by €4 mn; operating leverage2 amounted to 1%
Before amortization of intangibles from PPA, consolidation and special effects2 Operating leverage is defined as delta adj. EBIT1 divided by delta adjusted sales›Adj. EBIT1 margin at 8.9% (PY: 9.5%) mainly due to higher R&D (net) costs which increased by 22% in Q4 2017
Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
EDMR - Equity and Debt Market Relations
LTS = Life Time Sales
2Includes ADAS related CVAM business order intake
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
16Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
Before amortization of intangibles from PPA, consolidation and special effects
Preliminary FY 2017 Results - March 8, 2018
›Sales increased by €328 mn; organic sales growth in Q4 2017 at 8.8%
›Adj. EBIT1 increased by €35 mn
›Adj. EBIT1 margin at 17.0% (PY: 17.1%)
Before amortization of intangibles from PPA, consolidation and special effects
18Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
3) Rubber GroupExpected Raw Material Price Development in 2018
- › Natural rubber price (TSR 20) expected to rise by 10%
- › Synthetic rubber price (butadiene feedstock) forecast to rise by 6%
- › 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 burden the Rubber Group with about €50 mn in 2018
- › However, H1 2018 will be supported by lower raw materials costs and positive effects from price increases in Q2 2017
Source: Bloomberg and Continental estimates for 2018
Raw material price development1 2013 - 2018E (U.S. cents/kg)
Preliminary FY 2017 Results - March 8, 2018
4) Indebtedness and Cash Flow
Free Cash Flow Before Acquisitions (€ mn) Increased Despite High Capex
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
5) Outlook 2018PC & LT Production by Quarter1
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
5) Outlook 2018Market Outlook
PC & LT1Production (mn units)
| W l d i d d i t o r w e p r o u c o n |
2 0 1 E 7 |
2 0 1 8 E |
C hg |
|
|---|---|---|---|---|
| i t o n c r e a s e m o r e |
Eu ro p e |
2 2. 1 |
2 2. 5 |
2 % + |
| h 1 % t a n |
No h Am ica t r er |
1 1 7. |
1 6. 8 |
-2 % |
| So h Am ica t u er |
3. 3 |
3. 6 |
8 % + |
|
| IHS d an sti tes ow n e ma |
As ia |
1. 5 5 |
5 2. 5 |
2 % + |
PC & LT1Replacement Tire Market (mn units)
| W l d i d l o r w e r e p a c e |
2 0 1 7 E |
2 0 1 8 E |
C hg |
|
|---|---|---|---|---|
| i k t t t t m e n r e m a r e o |
Eu ro p e |
3 5 1 |
3 5 8 |
2 % + |
| i b 3 % n c r e a s e y |
No h Am ica t r er |
2 8 5 |
2 9 0 |
2 % + |
| So h Am ica t u er |
7 3 |
7 6 |
4 % + |
|
| C a LM nd sti tes ow n e ma |
As ia |
4 5 3 |
4 7 5 |
5 % + |
1 Passenger car and light truck <6t2 Medium and heavy vehicles >6t3 Radial and bias
Commercial Vehicle2Production (k units)
| W l d i d d i t o r e p r o c o n w u |
2 0 1 E 7 |
2 0 1 8 E |
C hg |
|
|---|---|---|---|---|
| d b 1 % t o e c r e a s e y |
Eu ro p e |
6 6 0 |
6 3 7 |
2 % + |
| No h Am ica t r er |
5 1 3 |
5 5 9 |
9 % + |
|
| So h Am ica t u er |
1 0 2 |
1 1 2 |
1 0 % + |
|
| IHS d an sti tes ow n e ma |
As ia |
2, 1 4 0 |
2, 0 3 3 |
-5 % |
Commercial Vehicle Replacement3 Tire Market (mn units)
| W l d i d l o r e r e a c e w |
E 2 0 1 7 |
2 0 1 8 E |
C hg |
|
|---|---|---|---|---|
| k t t m e n m a r e |
Eu ro p e |
2 5. 3 |
2 5. 8 |
2 % + |
| i b 2 % n c r e a s e y |
No h Am ica t r er |
2 4. 5 |
2 5. 3 |
3 % + |
| So h Am ica t er u |
1 5. 7 |
1 6. 4 |
5 % + |
|
| p t o LM C a nd sti tes ow n e ma |
As ia |
8 9. 2 |
9 1. 0 |
2 % + |
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
5) Outlook 2018
Continental Corporation
| 2 0 1 7 |
2 0 1 8 E |
|
|---|---|---|
| Co l i da d s les te ns o a 1 d j. E B I T in a ma rg |
€ 4 4. 0 bn 1 0. 9 % |
To inc ~€ 4 7 bn F X to t c ta t te re as e a on s n ra s 1 d j. E B I T in ~1 0. 5 % a ma rg |
| Au ive Gr to t mo ou p 1 d j. E B I T a |
€ 2 6. 6 bn € 2. 2 bn |
To inc ~€ 2 8. bn F X to 5 t c ta t te re as e a on s n ra s 1 ~8 5 % d j. E B I T in a ma rg |
| Ru b be Gr r ou p 1 d j. E B I T a |
€ 1 bn 7. 5 € 2. 6 bn |
To inc ~€ 1 8. bn F X to 5 t c ta t te re as e a on s n ra s 1 ~1 5 % d j. E B I T in a ma rg |
| Ra ia ls im te t t ma r co s p ac w |
Mo ha € 4 5 0 t re n m n fo he Ru b be Gr t r r ou p |
Ra ia ls bu de Ru b be Gr te to ma r r n r ou p w i h a bo € 0 ba d o im t t 5 t e t te w u m n, se n c ur re n s a s |
| Sp ia l e f fe ts ec c |
-€ 1 4 m n |
-€ 1 0 0 m n |
| F ina ia l re l t nc su Ta te x r a |
2 -€ F X 1 8 7 t c ta t m n a on s n 2 9 % |
€ F X 1 8 0 t c ta t te m n a on s n ra s <- 3 0 % < |
| Ca p ex P P A iza ion t t am or |
€ 2. 9 bn € 1 7 1 m n |
Ca f s d 7 % les t a p ex a ro un o a ~€ 1 8 0 m n |
| Fr h f low be fo is i ion t ee ca s re ac q u s |
€ 2. 3 bn |
~€ 2 bn |
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
Preliminary FY 2017 Results - March 8, 2018
1ACES: Automated Driving, Connectivity, Electrification and Smart Mobility2Passenger car and light truck
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
Disclaimer
- This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the Annual Press Conference and the Analyst and Investor Call on March 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.
Preliminary FY 2017 Results - March 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]
| M ic ha l Sa e em an n An ly Ins i ion l Inv d ts, t tu t tor a s a es s a n Su ina b i l i Inv ta ty tor s es s |
P ho 4 9 1 1 9 3 8 1 3 0 5 7 ne : + @c i l: m ic ha l.s i. de t e-m a e ae ma nn on |
|---|---|
| K lau Pa ler s es An ly ts, Ins t i tu t ion l Inv tor A D R a s a es s, d Pr iva Inv te tor an es s |
P ho 4 9 5 1 1 9 3 8 1 3 1 6 ne : + @c i l: k lau ler t i. de e-m a s.p ae s on |
| C hr is he Ma ke to p r c An ly Ins i ion l Inv ts, t tu t tor a s a es s |
P ho 4 9 1 1 9 3 8 1 0 6 2 5 ne : + @c i l: c hr is he ke i. de top t e-m a r.m ac on |
| Sa b ine Re es e Su S C ta ina b i l i ty, A M, M D s Or Ca iza t ion I R We bs i te, i ta l g an p , Ma ke D isc los Re ire t ts r ure q u me n |
P ho 4 9 5 1 1 9 3 8 1 0 2 7 ne : + @c i l: s b ine t i. de e-m a a .re es e on |
| Ma in Ka l be la h rv r An ly Ins i ion l Inv ts, t tu t tor a s a es s So ia l Me d ia c |
P ho 4 9 1 1 9 3 8 1 4 0 3 4 5 ne : + @c i l: m in. ka l be la h i. de t e-m a arv r on |
ContinentalFinancial Calendar
2018
| Pr l im ina f ig for f isc l 2 0 1 7 e ry ure s a |
Ja 9, 2 0 1 8 nu ary |
|---|---|
| An l F ina ia l Pr Co fer nu a nc es s n en ce |
Ma h 8, 2 0 1 8 rc |
| S ( for Q ) An l ha ho l de ' Me ing inc l. ke da 1 2 0 1 8 t ta nu a re rs e y |
Ap i l 2 7, 2 0 1 8 r |
| Q 1 F ina ia l Re t nc p or |
Ma 8, 2 0 1 8 y |
| Ha l f- Ye F ina ia l Re t ar nc p or |
Au t 2, 2 0 1 8 g us |
| N ine -M h F ina ia l Re t t on nc p or |
No be 8, 2 0 1 8 ve m r |
| 2 0 1 9 |
|
| Pr l im ina f ig for f isc l 2 0 1 8 e ry ure s a |
Ja 2 0 1 9 nu ary |
| Co fer An l F ina ia l Pr nu a nc es s n en ce |
Ma h 2 0 1 9 rc |
| An l S ha ho l de ' Me ing ( inc l. ke da for Q 1 2 0 1 9 ) t ta nu a re rs e y |
Ap i l 2 6, 2 0 1 9 r |
| Q F ina ia l Re 1 t nc p or |
Ma 2 0 1 9 y |
| Ha l f- Ye F ina ia l Re t ar nc p or |
Au 2 0 1 9 t g us |
| N ine -M h F ina ia l Re t t on nc p or |
No be 2 0 1 9 ve m r |
Preliminary FY 2017 Results - March 8, 2018
ContinentalShare Data/ADR Data
| S ha Da ta re |
|
|---|---|
| Ty f s ha p e o re |
No lue ha -p ar va s re |
| B loo be T ic ke m rg r |
C O N |
| Re T ic ke te u rs r |
C O N G |
| Ge Se i I de i f ica ion Nu be ( W K N ) ty t t rm an cu r n m r |
5 4 3 9 0 0 |
| I S I N |
D E 0 0 0 5 4 3 9 0 0 4 |
| S ha d ing De be ts ta t 3 1, 2 0 1 7 re s o u n a s a ce m r |
2 0 0, 0 0 5, 9 8 3 |
| A D R |
Da ta |
|---|---|
| ------------- | ---------- |
| Ra io t |
1: ( d ina ha A D Rs ) 5 or ry s re : |
|---|---|
| B loo be T ic ke m rg r |
C T T A Y |
| Re T ic ke te u rs r |
C T T A Y. P K |
| I S I N |
U S 2 1 0 1 2 0 0 0 7 7 |
| A D R Le l ve |
Le l 1 ve |
| Ex ha c ng e |
O T C |
| Sp on so r |
De he Ba k Tr Co Am ica tsc t u n us m p an y er s |
34Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
ContinentalBond Data
| Iss ue r |
Co G ine l A t ta n n |
Co ine l t ta n n 1 Ru b be f Am ica Co r o er rp. , |
Co G ine l A t ta n n |
Co G ine l A t ta n n |
|---|---|---|---|---|
| Iss ue |
Se ior No tes n |
Se ior No tes n |
Se ior No tes n |
Se ior No tes n |
| Pr inc ip l a t a mo un |
€ 7 5 0 m n |
€ 5 0 0 m n |
€ 6 0 0 m n |
€ 7 5 0 m n |
| O f fe ing ice r p r |
9 8. 9 0 % 5 |
9 9. 3 9 % 7 |
9 9. 4 1 0 % |
9 9. 2 2 8 % |
| Ra ing iss da t t te a ua nc e |
4) Ba ( Mo dy 's 2 o B B ( S & P ) 2) B B ( F i h tc |
B B B ( S & P ) B B B ( F i h ) tc |
B B B+ ( S & P ) B B B+ ( F i h ) tc |
4) Ba ( Mo dy 's 1 o B B ( S & P ) 2) B B B ( F i h tc |
| Cu ion t c t d rre n or p or a an 3 ing bo d r t n a s |
B B B+ ( F i h ), B B B+ ( S & P tc |
4) ), Ba 1 ( Mo dy 's a o |
||
| Co up on |
3. 0 % p. a. |
0. 5 % p. a. |
0. 0 % p. a. |
3. 1 2 5 % p. a. |
| Iss da te ue |
Ju ly 1 6, 2 0 1 3 |
No be 1 9, 2 0 1 5 ve m r |
De be 5, 2 0 1 6 ce m r |
Se be 9, 2 0 1 3 tem p r |
| Ma i tu ty r |
Ju ly 1 6, 2 0 1 8 |
Fe br 1 9, 2 0 1 9 ua ry |
Fe br 5, 2 0 2 0 ua ry |
Se be 9, 2 0 2 0 te p m r |
| In te t p t res ay me n |
Se i a l m nn ua / Ja 1 6 Ju ly 1 6 nu ary |
An l Fe nu a bru 1 9, ary Co d Fe bru 2 0, 2 0 1 7 mm en ce ary |
No l ica b le t ap p |
An l Se nu a be 9 tem p r |
| W K N |
A 1 X 2 4 V |
A 1 Z C 3 7 |
A 2 D A R M |
A 1 X 3 B 7 |
| I S I N |
X S 0 9 5 3 1 9 9 6 3 4 |
D E A Z C 0 0 0 1 7 3 9 |
X S 1 5 2 9 5 6 1 1 8 2 |
X S 0 9 6 9 3 4 4 0 8 3 |
| ina ion De t no m |
€ 1, 0 0 0 w i h m in im da t tra um |
b le € 1, 0 0 0 t am ou n |
Guaranteed by Continental AG
2Non-contracted rating at date of issuance
Fitch since October 24, 2016; S&P since May 11, 2016; Moody*&#and Debt Market Relations
Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
ATA = American Trucking Association (miles traveled)
54Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
7) Back-upRubber Group Financials – ContiTech
- › Sales increased by 8.1% before consolidation and FX effects
- › EBITDA increased by €20.0 mn to €750.9 mn (+2.7%)
- › Adj. EBITx27;*selations
Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
ATA = American Trucking Association (miles traveled)
54Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
7) Back-upRubber Group Financials – ContiTech
- › Sales increased by 8.1% before consolidation and FX effects
- › EBITDA increased by €20.0 mn to €750.9 mn (+2.7%)
- › Adj. EBIT since June 30, 2015Non-contracted rating since February 1, 2014
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
Back-up
36Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
7) Back-upCorporation Highlights FY 2017
| Sa les › |
Inc f 8. 5 % € 4 4, 0 0 9. 5 ( P Y: € 4 0, 5 4 9. 5 ) ic les 8. 1 % to re as e o m n m n ; org an sa u p |
|---|---|
| E B I T D A › |
Inc f € ( P Y: € ) 1 0. 3 % 6, 6 7 8. 9 m 6, 0 5 7. 4 to re as e o n m n |
| E B I T › |
Inc f 1 1. 4 % € 4, 6 1. ( P Y: € 4, 0 9 8 ) to 5 5 5. re as e o m n m n ; 1 1 ( ) A d j. E B I T inc € 4, 7 4 6. 9 m 1 0. 9 % d j. E B I T in to re as e n a ma rg ; 2 P P A f fe € l i da ion f fe -€ l s ia l e f fe -€ t - 1 7 0. 7 t ts 0. 7 to ta ts 1 4. 0 e c m n; co ns o e c m n; p ec c m n |
| 3 N I A T › |
Inc f 6. % € 2, 9 8 4. 6 ( P Y: € 2, 8 0 2. ) 5 to 5 re as e o m n m n |
| S 3 E P › |
S E P f € 1 4. 9 2 ( P Y: € 1 4. 0 1 ) o 2 2) E P S be fo P P A € ( P Y: € be fo P P A 1 5. 5 3 1 4. 5 3 re re |
| Ca › p ex |
Ca inc d € 2, 8 4. 4 ( P Y: € 2, 9 3. 0 ) io 6. % f s les to 5 5 t 5 p ex re as e m n m n ; ca p ex ra o a ; 2) ( de ia ion 1. 3x 1. 5x P P A to t ca p ex p re c co ve ra g e ex |
| R & D ( ) › t ne |
Ex inc d by € ( P Y: € ) 1 0. 4 % to 3, 1 0 3. 7 2, 8 1 1. 5 p en se s re as e m n m n ; R & D io 1 % f s les ( P Y: 6. 9 % ) t 7. ra o a |
| Ca f h low › s |
Op f fre f ing h low by € 2 8 2. 4 € 5, 2 2 0. 5 h low € 1, 7 5 2. 8 t to er a ca s p m n m n; e c as mn u |
| Ne in de b dn › t te es s |
Ne in de b dn do by € € De 7 5 0. 2 2, 0 4 7. 6 3 1, t te to t es s wn m n m n a s a c ea r-o n-y ea r y L iq i d i d dr d i l ine d € 6 8. 3 ty t te to 5, 5 u an un aw n c re s a mo un m n |
| Pe ion d s im i lar b l ig ion › t ns a n o a |
( ) Lo is ion fo ion d s im i lar b l ig ion d € 4, 1 0 3. 0 P Y: € 4, 1 4 9. 9 m -te t te to ng rm p rov s r p en s a n o a s a mo un m n n |
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
37Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
7) Back-upOverview of Volume Development
| Uni ts ( YOY ch e) ang |
Q1/ 15 |
H1 /15 |
9M /15 |
FY 15 |
Q1/ 16 |
H1 /16 |
9M /16 |
FY 16 |
Q1/ 17 |
H1 /17 |
9M /17 |
FY 17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar ket dat a fo r PC d L T p rod ion uct an |
||||||||||||
| Eur ope |
4% | 3% | 4% | 4% | 2% | 6% | 3% | 3% | 6% | 1% | 2% | 3% |
| Nor th A ica mer |
1% | 2% | 3% | 3% | 4% | 3% | 2% | 2% | 2% | -1% | -4% | -4% |
| Eur and No rth A ica bine d ope mer com |
3% | 3% | 4% | 4% | 3% | 4% | 3% | 3% | 4% | 0% | -1% | 0% |
| Wo rldw ide |
2% | 1% | 2% | 2% | 2% | 3% | 3% | 4% | 6% | 3% | 3% | 2% |
| Con tine nta l |
||||||||||||
| Elec ic B rake Sys s (E BS) tron tem |
8% | 6% | 5% | 5% | 0% | 4% | 6% | 6% | 13% | 10% | 9% | 9% |
| Boo ster s |
-1% | -4% | -8% | -7% | -3% | -3% | 4% | 1% | 3% | 3% | 4% | 6% |
| EPB -Sy stem s |
59% | 53% | 47% | 48% | 38% | 48% | 51% | 48% | 47% | 39% | 35% | 33% |
| Adv ed d rive sist s (A DAS ) stem anc r as anc e sy |
46% | 53% | 59% | 58% | 51% | 45% | 38% | 36% | 40% | 40% | 41% | 41% |
| Eng ine elec tron ic c ontr ol u nits (EC Us) |
-1% | -3% | -5% | -5% | -2% | 3% | 6% | 8% | 12% | 9% | 7% | 7% |
| Injec tors |
-8% | -8% | -11 % |
-11 % |
-5% | -5% | 2% | 7% | 19% | 17% | 15% | 11% |
| (TC Us) Tra issi ontr ol u nits nsm on c |
6% | 2% | 0% | -1% | -1% | -1% | 1% | 1% | -2% | -3% | -5% | -4% |
| Tur boc harg ers |
59% | 45% | 50% | 43% | 23% | 24% | 18% | 17% | 45% | 44% | 50% | 56% |
| Mar ket dat a tir es |
||||||||||||
| PC and LT lace t tire s E rep men urop e |
-1% | 2% | 0% | 0% | 2% | 2% | 2% | 2% | 6% | 2% | 2% | 3% |
| PC and LT lace t tire s N orth Am eric rep men a |
-6% | 0% | 1% | 1% | 5% | 2% | 2% | 2% | 2% | 1% | -1% | 0% |
| Com s O cial veh icle tire E E mer urop e |
0% | 4% | 5% | 6% | 5% | 9% | 6% | |||||
| Com cial veh icle tire s O E N orth Am eric mer a |
21% | 17% | 12% | 5% | -12 % |
-9% | 3% -16 |
3% -13 |
-8% | -1% | 7% | 10% |
| Com cial veh icle lace t tire s E mer rep men urop e |
-4% | 2% | -1% | 7% | 2% | 3% | % | % | 11% | 6% | 10% | 8% |
| Com cial veh icle lace t tire s N orth Am eric mer rep men a |
3% | 5% | 3% | 0% | 4% | 3% | 3% | 3% | 12% | -1% | 6% | 4% |
| Con tine nta l |
3% | 3% | 2% | 4% | 4% | |||||||
| PC and LT tires |
-1% | 3% | 2% | 5% | 9% | 8% | 6% | 6% | 5% | 2% | 2% | 3% |
| Com cial veh icle tire mer s |
-3% | 0% | 3% | 7% | 8% | 15% | 10% | |||||
| Con tiTe ch o nic sale h owt rga s gr |
2% | 4% | 4% | 5% 4% |
3% | 2% | 4% 2% |
4% 2% |
8% | 7% | 8% 8% |
5% 8% |
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
EDMR - Equity and Debt Market Relations
EDMR - Equity and Debt Market Relations
EDMR - Equity and Debt Market Relations
EDMR - Equity and Debt Market Relations
7) Back-up Focus on Costs
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
EDMR - Equity and Debt Market Relations
EDMR - Equity and Debt Market Relations
2Amounts shown are nominal values
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
7) Back-up
Key Historical Credit Metrics
| 1 ( ) € mn |
2 0 1 3 |
2 0 1 4 |
2 0 1 5 |
2 0 1 6 |
2 0 1 7 |
|---|---|---|---|---|---|
| S Ca f h F low ta tem t o en s s |
|||||
| 2 A d j d E B I T D A te us |
5, 0 9 4 |
5, 3 1 8 |
6, 0 9 4 |
6, 1 2 5 |
6, 7 0 1 |
| Re d E B I T D A te p or |
5, 0 9 5 |
5, 1 3 4 |
6, 0 0 1 |
6, 0 5 7 |
6, 6 9 7 |
| Ne h inte i d t c t p as res a |
3 4 -5 |
15 8 - |
17 4 - |
1 1 2 - |
1 0 5 - |
| Ta i d x p a |
-8 0 5 |
77 5 - |
1, 0 15 - |
1, 0 47 - |
1, 1 2 2 - |
| 3 C ha in k ing ita l t w ng e ne or ca p |
-4 | 2 0 7 - |
1 0 7 - |
2 1 0 - |
4 8 4 - |
| 4 Ot he r |
-3 0 |
17 5 |
2 1 0 |
25 0 |
25 3 |
| Ca h f low is ing fro ing iv it ies t t s ar m op er a ac |
3, 7 2 2 |
4, 1 6 8 |
4, 9 1 6 |
4, 9 3 8 |
5, 2 2 1 |
| Ca h f low is ing fro inv ing iv it ies t t s ar m es ac |
1, 9 0 4 - |
2, 1 5 3 - |
3, 4 7 2 - |
3, 1 6 7 - |
3, 4 6 8 - |
| f a t he is it ion reo cq u s - |
-15 4 |
1 2 9 - |
1, 25 7 - |
5 1 6 - |
5 9 6 - |
| he f c in P P E a d inta i b les t reo ap ex n ng - |
2, 0 2 4 - |
2, 1 1 0 - |
2, 2 6 5 - |
2, 7 0 8 - |
2, 9 5 1 - |
| Ca f fo f h low be ina ing t iv it ies s re nc ac |
1, 8 1 8 |
2, 0 1 5 |
1, 4 4 4 |
1, 7 7 1 |
1, 7 5 3 |
| Ca h f low be fo is it ion s re ac q u s |
1, 9 7 2 |
2, 1 4 4 |
2, 7 0 1 |
2, 2 8 8 |
2, 3 4 9 |
| S f F ina ia l Po it ion ta tem t o en nc s |
|||||
| Ca h a d c h e iva len ts s n as q u |
2, 0 45 |
3, 2 4 4 |
1, 6 2 2 |
2, 1 0 7 |
1, 8 8 2 |
| De iva ive ins d inte be ing inv t tru nts t- tm ts r me an res ar es en |
3 0 3 |
3 6 4 |
8 1 |
4 8 |
1 6 1 |
| To l in de bte dn ta es s |
6, 6 3 8 |
6, 4 3 2 |
5, 2 45 |
4, 9 5 2 |
4, 0 9 0 |
| Ne in de b dn t te es s |
4, 2 8 9 |
2, 8 2 4 |
5 3, 4 2 |
2, 7 9 8 |
2, 0 4 8 |
| Cr d it Ra ios t e |
|||||
| 2 Ne in de b dn / a d j d E B I T D A t te te es s us |
0. 8x |
0. 5x |
0. 6x |
0. 5x |
0. 3x |
| 5 Ne h int i d c ( Ra io ) t c t p t as er es a ov er ag e |
9. 5x |
3 3. 7x |
3 5. 1x |
5 4. 8x |
6 3. 6x |
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
4iminary FY 2017 Results - March 8, 2018**
EDMR - Equity and Debt Market Relations
7) Fact SheetsAdjusted EBIT1 by Quarter
| IT ¹
Includes dividends received, income from equity accounted and other investments, incl. impairment and reversal of impairment losses, gains / losses from the disposal of assets, companies and business operations, other non-cash items as well as
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
changes in employee benefits and other provisions and in other assets and liabilities
Adjusted EBITDA to net cash interest paid
7) Back-up
Automotive Group Financials – Chassis & Safety
- › Sales increased by 10.4% before consolidation and FX effects
- › EBITDA increased by €347.0 mn to €1,301.6 mn (+36.4%)
- › Adj. EBIT1 | | | 201
increased by €315.5 mn to €898.1 mn(adj. EBIT1 | | | | | 201
margin 9.2%) - › EBIT increased by €316.9 mn to €897.7 mn(EBIT margin 9.2%)
- ›PPA effect in 2017: €0.0 mn
- ›Special effects in 2017: -€0.4 mn
Before amortization of intangibles from PPA, consolidation and special effects. Refer to Fact Sheets for further details
Chassis & Safety FY 2017
Sales (mn €) EBITDA margin Adj. EBIT margin 1
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
7) Back-up
Automotive Group Financials – Powertrain
- › Sales increased by 5.6% before consolidation and FX effects
- › EBITDA increased by €98.6 mn to€854.8 mn (+13.0%)
- › Adj. EBIT1ebt Market Relations
Consolidated Statement of Income
| (
increased by €75.4 mn to €473.5 mn(adj. EBIT1 (
margin 6.2%)
- › EBIT increased by €61.9 mn to €439.9 mn(EBIT margin 5.7%)
- ›PPA effect in 2017: -€11.9 mn
- ›Special effects in 2017: -€18.1 mn
Before amortization of intangibles from PPA, consolidation and special effects. Refer to Fact Sheets for further details
Powertrain FY 2017
Sales (mn €) EBITDA margin Adj. EBIT margin 1
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
7) Back-upAutomotive Group Financials – Interior
- › Sales increased by 11.6% before consolidation and FX effects
- › EBITDA increased by €235.8 mn to €1,140.0 mn (+26.1%)
- › Adj. EBIT1e
increased by €217.8 mn to €850.5 mn(adj. EBIT1 | -28
margin 9.2%) - › EBIT increased by €181.4 mn to €749.2 mn(EBIT margin 8.1%)
- ›PPA effect in 2017: -€46.1 mn
- ›Special effects in 2017: -€15.7 mn
Before amortization of intangibles from PPA, consolidation and special effects. Refer to Fact Sheets for further details
Interior FY 2017
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
7) Back-upRubber Group Financials – Tires
- › Sales increased by 5.3% before consolidation and FX effects
- › EBITDA decreased by -€80.0 mn to €2,748.7 mn (-2.8%)
- › Adj. EBIT1 | 7,
decreased by -€168.4 mn to €2,128.2 mn(adj. EBIT1 | 7,
margin 19.0%) - › EBIT decreased by -€138.1 mn to €2,151.3 mn(EBIT margin 19.0%)
- ›PPA effect in 2017: -€19.5 mn
- ›Special effects in 2017: +€24.0 mn
Before amortization of intangibles from PPA, consolidation and special effects. Refer to Fact Sheets for further details
2015 2016 2017
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
ATA = American Trucking Association (miles traveled)
54Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
7) Back-upRubber Group Financials – ContiTech
- › Sales increased by 8.1% before consolidation and FX effects
- › EBITDA increased by €20.0 mn to €750.9 mn (+2.7%)
- › Adj. EBIT117 Results - March 8, 2018**
EDMR - Equity and Debt Market Relations
Consolidated Statement of Financial Position – Total Equity and Liabilities
| Eq
decreased by -€3.8 mn to €515.4 mn(adj. EBIT1et Relations
Consolidated Statement of Financial Position – Total Equity and Liabilities
| Eq
margin 8.8%)
- › EBIT increased by €43.0 mn to €442.2 mn(EBIT margin 7.1%)
- ›PPA effect in 2017: -€93.2 mn
- ›Special effects in 2017: -€3.8 mn
Before amortization of intangibles from PPA, consolidation and special effects. Refer to Fact Sheets for further details
ContiTech FY 2017
Sales (mn €) EBITDA margin Adj. EBIT margin 1
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
Fact Sheets 2015 – 2017
56Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
7) Fact SheetsSales by Quarter
| Sa les n € |
5 201 |
201 6 |
201 7 |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (m ) |
Q1 | Q2 | Q3 | Q4 | Ye ar |
Q1 | Q2 | Q3 | Q4 | Ye ar |
Q1 | Q2 | Q3 | Q4 | Ye ar |
| Ch is & Sa fet ass y |
2, 136 .0 |
2, 142 .1 |
1, 999 .0 |
2, 172 .6 |
8, 449 .7 |
2, 20 1.8 |
2, 246 .2 |
2, 176 .8 |
2, 352 .8 |
8, 977 .6 |
2, 497 .4 |
2, 437 .8 |
2, 307 .8 |
2, 524 .8 |
9, 767 .8 |
| Pow rain ert |
1, 826 .5 |
1, 819 .8 |
1, 657 .4 |
1, 764 .8 |
7, 068 .5 |
1, 813 .5 |
1, 84 1.5 |
1, 775 .4 |
1, 889 .1 |
7, 319 .5 |
2, 003 .1 |
1, 947 .2 |
1, 810 .5 |
1, 900 .1 |
7, 660 .9 |
| Inte rior |
1, 975 .2 |
2, 057 .0 |
2, 028 .2 |
2, 094 .4 |
8, 154 .8 |
2, 023 .0 |
2, 099 .8 |
2, 04 1.2 |
2, 160 .7 |
8, 324 .7 |
2, 293 .9 |
2, 318 .4 |
2, 269 .0 |
2, 423 .9 |
9, 305 .2 |
| Tir es |
2, 419 .8 |
2, 644 .4 |
2, 654 .4 |
2, 690 .2 |
10, 408 .8 |
2, 512 .7 |
2, 692 .7 |
2, 708 .7 |
2, 803 .3 |
10, 717 .4 |
2, 756 .3 |
2, 815 .7 |
2, 815 .4 |
2, 938 .4 |
11, 325 .8 |
| Co ntiT ech |
1, 268 .3 |
1, 418 .8 |
1, 330 .8 |
1, 349 .9 |
367 .8 5, |
1, 359 .1 |
1, 376 .6 |
1, 350 .5 |
1, 376 .3 |
462 5, .5 |
1, 52 1.4 |
1, 587 .5 |
1, 568 .3 |
1, 569 .2 |
6, 246 .4 |
| Oth / C olid atio er ons n |
56 .9 - |
52 .4 - |
52 .2 - |
56 .1 - |
217 .6 - |
59 .4 - |
65. 8 - |
68. 8 - |
58 .2 - |
252 .2 - |
72. 2 - |
73. 6 - |
78. 3 - |
72. 5 - |
296 .6 - |
| Co nti l C tio nta ne orp ora n |
9, 568 .9 |
10, 029 .7 |
9, 617 .6 |
10, 015 .8 |
39, 232 .0 |
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 , |
| 201 6 |
201 7 |
||||||||||||||
| Ch Y- o-Y in % an ges |
Q1 | Q2 | Q3 | Q4 | Ye ar |
Q1 | Q2 | Q3 | Q4 | Ye ar |
|||||
| Ch Sa fet is & ass y |
3.1 | 4.9 | 8.9 | 8.3 | 6.2 | 13. 4 |
8.5 | 6.0 | 7.3 | 8.8 | |||||
| Pow rain ert |
-0. 7 |
1.2 | 7.1 | 7.0 | 3.6 | 10. 5 |
5.7 | 2.0 | 0.6 | 4.7 | |||||
| Inte rior |
2.4 | 2.1 | 0.6 | 3.2 | 2.1 | 13. 4 |
10. 4 |
11. 2 |
12. 2 |
11. 8 |
|||||
| Tir es |
3.8 | 1.8 | 2.0 | 4.2 | 3.0 | 9.7 | 4.6 | 3.9 | 4.8 | 5.7 | |||||
| Co ntiT ech |
7.2 | 3.0 - |
1.5 | 2.0 | 1.8 | 11. 9 |
15. 3 |
16. 1 |
14. 0 |
14. 4 |
|||||
| Co nti l C tio nta ne orp ora n |
2.9 | 1.6 | 3.8 | 5.1 | 3.4 | 11. 7 |
8.3 | 7.1 | 7.2 | 8.5 |
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
7) Fact SheetsEBITDA by Quarter
| 201 5 |
201 6 |
201 7 |
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EB ITD A ( €) mn |
Q1 | Q2 | Q3 | Q4 | Ye ar |
Q1 | Q2 | Q3 | Q4 | Ye ar |
Q1 | Q2 | Q3 | Q4 | Ye ar |
|||
| Ch is & Sa fet ass y |
297 .3 |
293 .4 |
268 .3 |
30 1.3 |
1, 160 .3 |
302 .8 |
312 .0 |
14. 4 - |
354 .2 |
954 .6 |
336 .9 |
326 .9 |
300 .3 |
337 .5 |
1, 30 1.6 |
|||
| Pow rain ert |
177 .2 |
183 .5 |
167 .3 |
202 .7 |
730 .7 |
158 .8 |
20 1.8 |
175 .5 |
220 .1 |
756 .2 |
213 .9 |
214 .4 |
187 .4 |
239 .1 |
854 .8 |
|||
| Inte rior |
252 .9 |
299 .8 |
252 .4 |
277 .1 |
1, 082 .2 |
237 .4 |
252 .2 |
132 .5 |
282 .1 |
904 .2 |
273 .6 |
288 .1 |
287 .0 |
29 1.3 |
1, 140 .0 |
|||
| Tir es |
579 .7 |
734 .6 |
667 .7 |
622 .3 |
2, 604 .3 |
658 .1 |
773 .4 |
658 .0 |
739 .2 |
2, 828 .7 |
65 1.3 |
674 .8 |
66 1.7 |
760 .9 |
2, 748 .7 |
|||
| Co ntiT ech |
129 .2 |
169 .1 |
159 .7 |
119 .2 |
.2 577 |
176 .1 |
197 .2 |
163 .5 |
194 .1 |
730 .9 |
191 .3 |
175 .6 |
184 .0 |
200 .0 |
750 .9 |
|||
| Oth / C olid atio er ons 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 - |
38 .2 - |
23 .0 - |
117 .1 - |
|||
| Co l C nti nta tio ne orp ora n |
1, 403 .2 |
1, 633 .3 |
1, 491 .7 |
1, 473 .2 |
6, 00 1.4 |
1, 505 .5 |
1, 713 .1 |
1, 077 .4 |
1, 761 .4 |
6, 057 .4 |
1, 638 .5 |
1, 652 .4 |
1, 582 .2 |
1, 805 .8 |
6, 678 .9 |
|||
| 201 5 |
201 6 |
201 7 |
||||||||||||||||
| EB ITD A m in i n % arg |
Q1 | Q2 | Q3 | Q4 | Ye ar |
Q1 | Q2 | Q3 | Q4 | Ye ar |
Q1 | Q2 | Q3 | Q4 | Ye ar |
|||
| Ch is & Sa fet ass y |
13. 9 |
13. 7 |
13. 4 |
13. 9 |
13. 7 |
13. 8 |
13. 9 |
0.7 - |
15. 1 |
10. 6 |
13. 5 |
13. 4 |
13. 0 |
13. 4 |
13. 3 |
|||
| Pow rain ert |
9.7 | 10. 1 |
10. 1 |
11. 5 |
10. 3 |
8.8 | 11. 0 |
9.9 | 11. 7 |
10. 3 |
10. 7 |
11. 0 |
10. 4 |
12. 6 |
11. 2 |
|||
| Inte rior |
12. 8 |
14. 6 |
12. 4 |
13. 2 |
13. 3 |
11. 7 |
12. 0 |
6.5 | 13. 1 |
10. 9 |
11. 9 |
12. 4 |
12. 6 |
12. 0 |
12. 3 |
|||
| 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 |
23 .5 |
25 .9 |
24 .3 |
|||
| 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 |
11. 7 |
12. 7 |
12. 0 |
|||
| 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 |
14. 8 |
16. 0 |
15. 2 |
|||
| 201 6 |
201 7 |
|||||||||||||||||
| Ch Y- o-Y in % an ges |
Q1 | Q2 | Q3 | Q4 | Ye ar |
Q1 | Q2 | Q3 | Q4 | Ye ar |
||||||||
| Ch is & Sa fet ass y |
1.8 | 6.3 | 105 .4 - |
17. 6 |
17. 7 - |
11. 3 |
4.8 | 2, 185 .4 |
4.7 - |
36 .4 |
||||||||
| Pow rain ert |
-10 .4 |
10. 0 |
4.9 | 8.6 | 3.5 | 34 .7 |
6.2 | 6.8 | 8.6 | 13. 0 |
||||||||
| Inte rior |
-6. 1 |
15. 9 - |
47 .5 - |
1.8 | 16. 4 - |
15. 2 |
14. 2 |
116 .6 |
3.3 | 26 .1 |
||||||||
| Tir es |
13. 5 |
5.3 | 1.5 - |
18. 8 |
8.6 | 1.0 - |
12. 7 - |
0.6 | 2.9 | 2.8 - |
||||||||
| Co ntiT ech |
36 .3 |
16. 6 |
2.4 | 62 .8 |
26 .6 |
8.6 | 11. 0 - |
12. 5 |
3.0 | 2.7 | ||||||||
| Co nti l C tio nta ne orp ora n |
7.3 | 4.9 | 27. 8 - |
19. 6 |
0.9 | 8.8 | 3.5 - |
46. 9 |
2.5 | 10. 3 |
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
7) Fact SheetsEBIT by Quarter
| 5 201 |
201 6 |
201 7 |
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (m ) EB IT n € |
Q1 | Q2 | Q3 | Q4 | Ye ar |
Q1 | Q2 | Q3 | Q4 | Ye ar |
Q1 | Q2 | Q3 | Q4 | Ye ar |
||
| Ch is & Sa fet ass y |
214 .9 |
209 .3 |
181 .5 |
208 .6 |
814 .3 |
213 .2 |
220 .3 |
-10 7.4 |
254 .7 |
580 .8 |
238 .9 |
227 .4 |
200 .0 |
23 1.4 |
897 .7 |
||
| Pow rain ert |
96 .7 |
101 .0 |
81 .3 |
116 .6 |
395 .6 |
66. 5 |
108 .8 |
80 .3 |
122 .4 |
378 .0 |
117 .1 |
114 .1 |
83. 1 |
125 .6 |
439 .9 |
||
| Inte rior |
190 .9 |
234 .1 |
178 .7 |
200 .8 |
804 .5 |
160 .1 |
172 .9 |
51 .3 |
183 .5 |
567 .8 |
185 .7 |
196 .3 |
168 .5 |
198 .7 |
749 .2 |
||
| Tir es |
454 .0 |
604 .1 |
536 .5 |
490 .6 |
2, 085 .2 |
530 .0 |
645 .4 |
522 .3 |
59 1.7 |
2, 289 .4 |
505 .1 |
526 .9 |
515 .0 |
604 .3 |
2, 151 .3 |
||
| Co ntiT ech |
54 .9 |
82 .3 |
80 .6 |
47 .2 - |
170 .6 |
98. 7 |
126 .7 |
88 .0 |
85 .8 |
399 .2 |
117 .1 |
95. 4 |
109 .5 |
120 .2 |
442 .2 |
||
| Oth / C olid atio er ons 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 - |
38 .6 - |
23 .6 - |
118 .8 - |
||
| Co nti l C tio nta ne orp ora n |
977 .9 |
1, 183 .3 |
1, 034 .6 |
919 .8 |
4, 115 .6 |
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 |
||
| 201 5 |
201 6 |
201 7 |
|||||||||||||||
| EB IT in i n % ma rg |
Q1 | Q2 | Q3 | Q4 | Ye ar |
Q1 | Q2 | Q3 | Q4 | Ye ar |
Q1 | Q2 | Q3 | Q4 | Ye ar |
||
| Ch Sa is & fet ass y |
10. 1 |
9.8 | 9.1 | 9.6 | 9.6 | 9.7 | 9.8 | 4.9 - |
10. 8 |
6.5 | 9.6 | 9.3 | 8.7 | 9.2 | 9.2 | ||
| Pow rain ert |
5.3 | 5.6 | 4.9 | 6.6 | 5.6 | 3.7 | 5.9 | 4.5 | 6.5 | 5.2 | 5.8 | 5.9 | 4.6 | 6.6 | 5.7 | ||
| Inte rior |
9.7 | 11. 4 |
8.8 | 9.6 | 9.9 | 7.9 | 8.2 | 2.5 | 8.5 | 6.8 | 8.1 | 8.5 | 7.4 | 8.2 | 8.1 | ||
| 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 |
18. 3 |
20 .6 |
19. 0 |
||
| 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 | 7.0 | 7.7 | 7.1 | ||
| Co nti l C tio nta 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 |
9.7 | 11. 1 |
10. 4 |
||
| 201 6 |
201 7 |
||||||||||||||||
| Ch in Y- o-Y % an ges |
Q1 | Q2 | Q3 | Q4 | Ye ar |
Q1 | Q2 | Q3 | Q4 | Ye ar |
|||||||
| Ch Sa fet is & ass y |
-0. 8 |
5.3 | 159 .2 - |
22 .1 |
28 .7 - |
12. 1 |
3.2 | 286 .2 |
9.1 - |
54 .6 |
|||||||
| Pow rain ert |
-31 .2 |
7.7 | 1.2 - |
5.0 | 4.4 - |
76. 1 |
4.9 | 3.5 | 2.6 | 16. 4 |
|||||||
| Inte rior |
-16 .1 |
26 .1 - |
71. 3 - |
8.6 - |
29 .4 - |
16. 0 |
13. 5 |
228 .5 |
8.3 | 31 .9 |
|||||||
| Tir es |
16. 7 |
6.8 | 2.6 - |
20 .6 |
9.8 | 4.7 - |
18. 4 - |
1.4 - |
2.1 | 6.0 - |
|||||||
| Co ntiT ech |
79. 8 |
53 .9 |
9.2 | 28 1.8 |
134 .0 |
18. 6 |
24 .7 - |
24 .4 |
40 .1 |
10. 8 |
|||||||
| Co nti l C tio nta ne orp ora n |
6.4 | 5.6 | 42. 4 - |
31 .5 |
0.5 - |
9.1 | 9.4 - |
74. 0 |
3.9 | 11. 4 |
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
7) Fact SheetsAdjusted EBIT1 by Quarter
| IT ¹ EB n € |
201 6 |
201 7 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (m ) |
Q1 | Q2 | Q3 | Q4 | Yea r |
Q1 | Q2 | Q3 | Q4 | |
| fety | 213 .3 |
220 .4 |
107 .3 - |
256 .2 |
582 .6 |
238 .9 |
227 .4 |
199 .8 |
232 .0 |
|
| 72. 1 |
114 .7 |
85. 1 |
126 .2 |
398 .1 |
124 .7 |
118 .5 |
91. 3 |
139 .0 |
||
| 169 .1 |
182 .0 |
60. 3 |
221 .3 |
632 .7 |
202 .9 |
210 .3 |
200 .2 |
237 .1 |
||
| 531 .9 |
647 .3 |
520 .6 |
596 .8 |
2,2 96. 6 |
486 .2 |
513 .8 |
517 .7 |
610 .5 |
||
| 131 .0 |
152 .3 |
123 .0 |
112 .9 |
519 .2 |
141 .6 |
120 .3 |
119 .3 |
134 .2 |
||
| -27 .8 |
24. 5 - |
38. 2 - |
28. 9 - |
119 .4 - |
28. 8 - |
27. 8 - |
38. 6 - |
23. 6 - |
||
| 1, 089 .6 |
1, 292 .2 |
643 .5 |
1, 284 .5 |
4, 309 .8 |
1, 165 |
.5 | 1, 162 .5 |
1, 089 .7 |
1, 329 .2 |
|
| 201 6 |
201 7 |
|||||||||
| Q1 | Q2 | Q3 | Q4 | Yea r |
Q1 | Q2 | Q3 | Q4 | ||
| 9.7 | 9.8 | 4.9 - |
10. 9 |
6.5 | 9.6 | 9.3 | 8.7 | 9.2 | ||
| 4.0 | 6.2 | 4.8 | 6.7 | 5.4 | 6.3 | 6.1 | 5.0 | 7.3 | ||
| 8.4 | 8.7 | 3.0 | 10. 2 |
7.6 | 8.9 | 9.2 | 8.9 | 9.8 | ||
| 21. 2 |
24. 0 |
19. 2 |
21. 3 |
21. 4 |
17. 9 |
18. 6 |
18. 6 |
20. 8 |
||
| 9.6 | 11. 1 |
9.1 | 8.2 | 9.5 | 9.6 | 8.2 | 8.2 | 9.2 | ||
| 11. 1 |
12. 7 |
6.4 | 12. 2 |
10. 6 |
10. 7 |
10. | 7 | 10. 4 |
11. 9 |
|
| 201 7 |
||||||||||
| Q1 | Q2 | Q3 | Q4 | |||||||
| 12. 0 |
3.2 | 286 .2 |
9.4 - |
|||||||
| 73. 0 |
3.3 | 7.3 | 10. 1 |
|||||||
| 20. 0 |
15. | 5 | 232 .0 |
7.1 | ||||||
| -8.6 | 20. - |
6 | 0.6 - |
2.3 | ||||||
| 8.1 | 21. - |
0 | 3.0 - |
18. 9 |
||||||
| 7.0 | 10. 0 69. 3 3.5 |
Before amortization of intangibles from PPA, consolidation and special effects
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
Consolidated Statement of Income
| ( n) € m |
20 17 |
20 16 |
20 15 |
20 17 |
20 16 |
20 15 |
|---|---|---|---|---|---|---|
| Q4 | Q4 | Q4 | ||||
| Sa les |
44 00 9.5 , |
40 54 9.5 , |
39 23 2.0 , |
11 28 3.9 , |
10 52 4.0 , |
10 01 5.8 , |
| Co f sa st o les |
-32 63 5.0 , |
29 78 3.0 - , |
29 05 6.8 - , |
8, 34 8.4 - |
7, 76 4.7 - |
7, 44 8.6 - |
| Gr in les os s m arg on sa |
11 37 4.5 , |
10 76 6.5 , |
10 17 5.2 , |
2, 93 5.5 |
2, 75 9.3 |
2, 56 7.2 |
| Re h a nd de vel nt e se arc op me xp en se s |
-3, 10 3.7 |
2, 81 1.5 - |
2, 44 9.6 - |
74 6.8 - |
64 0.5 - |
1.9 55 - |
| Se llin and log isti g cs exp en ses |
-2, 43 0.2 |
2, 25 1.0 - |
2, 17 9.0 - |
63 3.0 - |
58 7.8 - |
56 6.7 - |
| Ad mi nis tive tra ex p en se s |
-1, 144 .3 |
1, 01 2.6 - |
92 5.5 - |
27 8.2 - |
24 9.4 - |
23 0.1 - |
| Oth nd inc er exp en se s a om e |
-21 2.1 |
66 5.8 - |
56 7.7 - |
47 .6 - |
92 .5 - |
32 0.0 - |
| e f Inc at uity unt ed inv est om rom -eq ac co ee s |
76 .8 |
69 .7 |
61 .4 |
26 .6 |
20 .0 |
20 .9 |
| Oth inc e f inv est nts er om rom me |
0.5 | 0.5 | 0.8 | 0.1 | 0.1 | 0.4 |
| rni efo int Ea s b st d t ng re ere an ax |
4, 56 1.5 |
4, 09 5.8 |
4, 11 5.6 |
1, 25 6.6 |
1, 20 9.2 |
91 9.8 |
| Inte t in res co me |
94 .4 |
10 1.4 |
95 .4 |
26 .4 |
27 .1 |
26 .1 |
| Inte t e res xp en se |
-38 0.1 |
21 8.4 - |
34 1.0 - |
92 .5 - |
70 .5 - |
54 .3 - |
| Fin cia l re lt an su |
-28 5.7 |
11 7.0 - |
24 5.6 - |
66 .1 - |
43 .4 - |
28 .2 - |
| Ea rni s b efo tax ng re |
4, 27 5.8 |
3, 97 8.8 |
3, 87 0.0 |
1, 19 0.5 |
1, 16 5.8 |
89 1.6 |
| Inc e t om ax exp en se |
-1, 22 7.5 |
1, 09 6.8 - |
1, 09 0.4 - |
40 9.8 - |
35 4.4 - |
25 0.5 - |
| Ne t in co me |
3, 04 8.3 |
2, 88 2.0 |
2, 77 9.6 |
78 0.7 |
81 1.4 |
64 1.1 |
| No ont rol ling int sts n-c ere |
-63 .7 |
79 .5 - |
52 .2 - |
20 .2 - |
26 .2 - |
2.0 |
| t in trib of Ne at uta ble to th ha reh old th nt co me e s ers e p are |
2, 98 4.6 |
2, 80 2.5 |
2, 72 7.4 |
76 0.5 |
78 5.2 |
64 3.1 |
| Ba sic rni sha ( in €) ea ng s p er re |
14 .92 |
14 .01 |
13 .64 |
3.8 0 |
3.9 2 |
3.2 2 |
| Dil d e ing sha ( in €) ute arn s p er re |
14 .92 |
14 .01 |
13 .64 |
3.8 0 |
3.9 2 |
3.2 2 |
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
Consolidated Statement of Financial Position – Assets
| As s in € mi llio set ns |
De c. 3 1, 20 17 |
De c. 3 1, 20 16 |
|---|---|---|
| Go odw ill |
7, 01 0.1 |
6, 857 .3 |
| Oth inta ible set er ng as s |
1, 60 7.3 |
1, 514 .1 |
| Pro lan d e ipm rty, t an ent pe p qu |
11, 20 2.1 |
10, 53 8.1 |
| Inve stm ent erty pr op |
10. 5 |
10. 3 |
| Inve s in uity d in stm ent nte tee eq -ac cou ves s |
41 4.8 |
384 .8 |
| Oth inv est nts er me |
51 .0 |
43 .1 |
| De fer red tax set as s |
1, 51 7.2 |
1, 836 .1 |
| De fine d b fit a ts ene sse |
16. 0 |
24 .3 |
| Lon m d eriv ativ e in d in -be ari inv ter stru nts ter est est nts g- me an ng me |
113 .3 |
19. 7 |
| Lon the r fin ial ter ets g- m o anc ass |
68 .8 |
66 .4 |
| Lon ter the set g- m o r as s |
27 .3 |
26 .8 |
| No t a ts n-c urr en sse |
22 03 8.4 , |
21 32 1.0 , |
| Inve ries nto |
4, 128 .2 |
3, 753 .2 |
| Tra de iva ble ts r acc oun ece |
7, 66 9.3 |
7, 392 .7 |
| Sh oth er f ina nci al a ort -te ts rm sse |
52 9.5 |
45 5.5 |
| Sh oth ort -te ets rm er ass |
954 .3 |
989 .0 |
| Inc cei vab les e ta om x re |
178 .2 |
124 .7 |
| Sh de riva tive ins nd inte t-b ring inv ort -te trum ent est nts rm s a res ea me |
47 .6 |
27 .8 |
| Ca sh and sh uiv ale nts ca eq |
1, 88 1.5 |
2, 107 .0 |
| As s h eld fo le set r sa |
13. 5 |
4.0 |
| Cu nt set rre as s |
15 40 2.1 , |
14, 853 .9 |
| To tal set as s |
37 44 0.5 , |
36 174 .9 , |
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
Consolidated Statement of Financial Position – Total Equity and Liabilities
| Eq uity d L iab iliti in € illio an es m ns |
De c. 3 1, 201 7 |
De c. 3 1, 20 16 |
|---|---|---|
| Su bsc ribe d c ital ap |
512 .0 |
512 .0 |
| Ca ital p res erv es |
4, 155 .6 |
4, 155 .6 |
| Re tain ed rnin ea gs |
13, 669 .3 |
11, 534 .7 |
| Oth hen siv e in er c om pre com e |
-2, 508 .5 |
1, 932 .3 - |
| Eq uity att rib uta ble to th ha reh old of th nt e s ers e p are |
15, 828 .4 |
14, 270 .0 |
| No roll ing int ont sts n-c ere |
46 1.9 |
464 .8 |
| To tal uity eq |
16, 290 .3 |
14, 734 .8 |
| Lon loye e b fits ter g- m e mp ene |
4, 394 .1 |
4, 392 .3 |
| De fer red lia bili ties tax |
348 .5 |
37 1.5 |
| Lon isio for oth risk nd obl iga tion ter g- m p rov ns er s a s |
139 .6 |
204 .2 |
| Lon ter m i nde bte dne g- ss |
2, 017 .8 |
2, 803 .7 |
| Lon ter the r fin ial liab ilitie g- m o anc s |
36 .1 |
97. 1 |
| Lon ter the r lia bili ties g- m o |
25 .4 |
17. 1 |
| No t lia bili ties n-c urr en |
6, 961 .5 |
7, 885 .9 |
| Sho loye e b fits rt-te rm em p ene |
1, 490 .6 |
1, 314 .1 |
| Tra de ble ts p acc oun aya |
6, 798 .5 |
6, 248 .0 |
| Inco ble tax me pa ya s |
889 .7 |
783 .6 |
| Sho vis ion s fo her ris ks and ob liga tion rt-te r ot rm pro s |
943 .0 |
1, 146 .4 |
| Sho ind ebt edn rt-te rm ess |
2, 072 .2 |
2, 148 .6 |
| Sho oth er f ina nci al l iab ilitie rt-te rm s |
1, 276 .8 |
1, 187 .3 |
| Sho oth er l iab ilitie rt-te rm s |
717 .9 |
726 .2 |
| Cu liab iliti nt rre es |
14, 188 .7 |
554 13, .2 |
| To tal uity d li ab iliti eq an es |
37 440 .5 , |
36 174 .9 , |
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
Consolidated Statement of Cash Flows
| Con soli date d St of C ash Flo in € mil lion atem ent ws s |
201 7 |
201 6 |
|---|---|---|
| Net inco me |
3,04 8.3 |
2,88 2.0 |
| Inco me t ax e xpe nse |
1,22 7.5 |
1,0 96.8 |
| Fina ncia l res ult |
285 .7 |
117 .0 |
| EBI T |
4,56 1.5 |
4,09 5.8 |
| Inter aid est p |
-131 .5 |
-13 6.1 |
| Inter est r ived ece |
26.1 | 24.2 |
| Inco aid me t ax p |
-1,1 22.1 |
-1,0 47.3 |
| Divi den ds r ived ece |
40.7 | 45. 1 |
| Dep recia tion ortiz atio n, im pair t and l of i irme nt lo , am men rev ersa mpa sses |
2,11 7.4 |
1,96 1.6 |
| Inco me f ity-a nted inve d ot her inve incl. imp airm nd re al of imp airm ent l stee stme nts, ent a rom equ ccou s an vers osse s |
-77 .3 |
-70 .2 |
| Gain s/los from the disp l of a nies and bus ines ions sset erat ses osa s, co mpa s op |
-34. 6 |
-15 .3 |
| Cha in nges |
||
| inve ies ntor |
-484 .3 |
-32 6.5 |
| trad ceiv able ts re e ac coun |
-737 .1 |
-63 1.7 |
| trad ts pa yab le e ac coun |
737 .6 |
748 .1 |
| nefit loye e be d ot her ision emp s an prov s |
94.4 | 384 .8 |
| othe nd li abil ities ets a r ass |
229 .7 |
-94 .4 |
| Cas h flo risin g fro ting ivitie act w a m o pera s |
5,22 0.5 |
4,93 8.1 |
| Cas h flo w fro m th e dis l of p lant and ipme nd in ible rty, p nt, a tang ts posa rope equ asse |
59.3 | 53.0 |
| Cap ital e nditu y, pl nd e quip d so ftwa pert ant a t, an xpe re o n pro men re |
-2,8 49.7 |
-2,5 92.5 |
| Cap ital e nditu n int ible ts fro m de velo nt pr ojec ts a nd m isce llane xpe re o ang asse pme ous |
-10 1.4 |
-11 5.7 |
| Cas h flo w fro l of c m th e dis anie d bu sine tions posa omp s an ss o pera |
20.4 | 4.6 |
| Acq uisit ion o f co nies and bus ines ions erat mpa s op |
-596 .3 |
-51 6.2 |
| Cas h flo risin g fro m in ting act ivitie w a ves s |
-3,4 67.7 |
-3,1 66.8 |
| Cas h flo w b efor e fin ing acti vitie s (fr ash flow ) anc ee c |
1,75 2.8 |
1,77 1.3 |
| 1 Net cash cha in sh inde bted ort-t nge erm ness |
-879 .0 |
-1,0 06.8 |
| 1 Cas h ch e in long -term inde bted ang ness |
-117 .8 |
659 .7 |
| es1 Othe h ch r cas ang |
14.1 | 7.1 |
| Suc ive p urch cess ase s |
-0.7 | -10 9.7 |
| Divi den ds p aid |
-850 .0 |
-75 0.0 |
| Divi den ds p aid t d ca sh c hang es fr ity tr ction s wi th no lling inte ntro rests o an om equ ansa n-co |
-46 .5 |
.6 -55 |
| Cas h an d ca sh e quiv alen risin g fro m th e fir st-ti lidat ion o f sub sidia ries ts a me c onso |
0.7 | 0.6 |
| Cas h flo risin g fro m fi cing act ivitie w a nan s |
-1,8 79.2 |
-1,2 54.7 |
| Cha in c ash and h eq uiva lent nge cas s |
-126 .4 |
516 .6 |
| Cas h an d ca sh e quiv alen at J ry 1 ts as anua |
2,10 7.0 |
1,62 1.5 |
| Effe ct of hang te c hang sh a nd c ash ivale nts exc e-ra es o n ca equ |
-99. 1 |
-31 .1 |
| Cas quiv h an d ca sh e alen ts a s at Dec emb er 3 1 |
1,88 1.5 |
2,10 7.0 |
The statement was adjusted in line with the requirements of the changes to IAS 7, Statement of Cash Flows (Disclosure Initiative). The figures from comparative periods have been adjusted accordingly.
Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
7) Fact SheetsFY 2017 Results Reported and Adjusted (€ mn) – by Division
| Ch is & ass |
Sa fety |
Pow ertr |
ain | Inte | rior | Tire | s | Co ntiT |
ech | Co ns. |
/Co rr. |
Co rpo |
rati on |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
|
| Sal es |
8,9 77. 6 |
9,7 67. 8 |
7,3 19. 5 |
7,6 60. 9 |
8,3 24. 7 |
9,3 05. 2 |
10,7 17. 4 |
11, 325 .8 |
5,4 62. 5 |
6,2 46. 4 |
252 .2 - |
296 .6 - |
40, 549 .5 |
44, 009 .5 |
| EB IT in % of s ales |
580 .8 6.5% |
897 .7 9.2% |
378 .0 5.2% |
439 .9 5.7% |
567 .8 6.8% |
749 .2 8.1% |
2,2 89. 4 21.4 % |
2,1 51. 3 19.0 % |
399 .2 7.3% |
442 .2 7.1% |
119 .4 - |
118 .8 - |
4,0 95. 8 10.1 % |
4,5 61. 5 10.4 % |
| Am ort izat ion of inta ible set s fr PP A ng as om |
0.3 | 0.0 | 11. 5 |
11. 9 |
38. 4 |
46. 1 |
10. 7 |
19.5 | 82. 7 |
93. 2 |
0.0 | 0.0 | 143 .6 |
170 .7 |
| Tot al s ial e ffec ts pec |
1.5 | 0.4 | 8.6 | 18. 1 |
26. 5 |
15. 7 |
3.7 - |
24. 0 - |
37. 4 |
3.8 | 0.0 | 0.0 | 70. 3 |
14. 0 |
| Tot al c olid atio ffec ts ons n e |
0.0 | 0.0 | 0.0 | 3.6 | 0.0 | 39. 5 |
0.2 | 18.6 - |
0.1 - |
23. 8 - |
0.0 | 0.0 | 0.1 | 0.7 |
| Tot al c olid atio n & eci al e ffec ts ons sp |
1.5 | 0.4 | 8.6 | 21. 7 |
26. 5 |
55. 2 |
3.5 - |
42. 6 - |
37. 3 |
20. 0 - |
0.0 | 0.0 | 70. 4 |
14. 7 |
| 1 Adj ed rati ult (ad j. E BIT ) ust ope ng res in % of a djus ted sale s |
582 .6 6.5% |
898 .1 9.2% |
398 .1 5.4% |
473 .5 6.2% |
632 .7 7.6% |
850 .5 9.2% |
2,2 96. 6 21.4 % |
2,1 28. 2 19.0 % |
519 .2 9.5% |
515 .4 8.8% |
119 .4 - |
118 .8 - |
4,3 09. 8 10.6 % |
4,7 46. 9 10.9 % |
Before amortization of intangibles from PPA, consolidation and special effects
Preliminary FY 2017 Results - March 8, 2018
EDMR - Equity and Debt Market Relations
7) Fact SheetsFY 2017 Results Reported and Adjusted (€ mn) – by Group
| Q4 20 |
16/ 201 7 |
FY 6/2 201 017 |
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Au tom 201 6 |
otiv e 201 7 |
Ru 201 6 |
bbe r 201 7 |
Co ns. 201 6 |
/Co rr. 201 7 |
Co rpo 201 6 |
ion rat 201 7 |
Au tom 201 6 |
otiv e 201 7 |
Ru 201 6 |
bbe r 201 7 |
Co ns. 201 6 |
/Co rr. 201 7 |
Co rpo 201 6 |
ion rat 201 7 |
|
| Sa les |
6, 370 .1 |
6, 805 .7 |
4, 163 .7 |
4, 491 .4 |
9.8 - |
13. 2 - |
10, 524 .0 |
11, 283 .9 |
24, 496 .4 |
26, 565 .4 |
16, 097 .6 |
17, 494 .7 |
44. 5 - |
50. 6 - |
40, 549 .5 |
44, 009 .5 |
| EB IT in % of s ales |
560 .6 8.8% |
555 .7 8.2 % |
677 .5 16. 3% |
724 .5 16. 1% |
28. 9 - |
23. 6 - |
1, 209 .2 11. 5% |
1, 256 .6 11. 1% |
1, 526 .6 6.2 % |
2, 086 .8 7.9 % |
2, 688 .6 16. 7% |
2, 593 .5 14. 8% |
119 .4 - |
118 .8 - |
4, 095 .8 10. 1% |
4, 561 .5 10.4 % |
| Am iza tion of inta ible s fr PP A ort set ng as om |
14. 4 |
14. 4 |
24. 8 |
28. 3 |
0.0 | 0.0 | 39. 2 |
42. 7 |
50. 2 |
58. 0 |
93. 4 |
112 .7 |
0.0 | 0.0 | 143 .6 |
170 .7 |
| To tal cia l ef fec ts spe |
28. 7 |
6.0 | 7.2 | 4.8 | 0.0 | 0.0 | 35. 9 |
10. 8 |
36. 6 |
34. 2 |
33. 7 |
20. 2 - |
0.0 | 0.0 | 70. 3 |
14. 0 |
| To tal sol ida tio ffec ts con n e |
0.0 | 32. 0 |
0.0 | 12. 9 - |
0.0 | 0.0 | 0.0 | 19. 1 |
0.0 | 43. 1 |
0.1 | 42. 4 - |
0.0 | 0.0 | 0.1 | 0.7 |
| To tal lida tion & cia l ef fec ts con so spe |
28. 7 |
38. 0 |
7.2 | 8.1 - |
0.0 | 0.0 | 35. 9 |
29. 9 |
36. 6 |
77. 3 |
33. 8 |
62. 6 - |
0.0 | 0.0 | 70. 4 |
14. 7 |
| 1 Ad jus ted ting ult (a dj. EB IT) op era res of a in % djus ted sale s |
603 .7 9.5% |
608 .1 8.9 % |
.5 709 17. 1% |
744 .7 17. 0% |
28. 9 - |
23. 6 - |
1, 284 .3 12. 2% |
1, 329 .2 11. 9% |
1, 613 .4 6.6 % |
2, 222 .1 8.4 % |
815 2, .8 17. 5% |
2, 643 .6 15. 6% |
119 .4 - |
118 .8 - |
4, 309 .8 10. 6% |
4,7 46. 9 10.9 % |
Before amortization of intangibles from PPA, consolidation and special effects
66Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
Contracted rating since May 19, 2000. Non-contracted rating since February 1, 2014.Contracted rating since November 7, 2013.
2
Preliminary FY 2017 Results - March 8, 2018EDMR - Equity and Debt Market Relations
ReferencesUseful Links
68
| 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 rs p or |
| ( ) 2 0 1 7 Fa Bo k Inv ion t to ta t c o es r p re se n |
/e / /re ine l-c ion inv t ta t to ts co n n or p or a .co m n es rs p or ww w. |
| Inv Re la ion to t es r s d p ion ts ta t ev en an re se n s |
ine l-c ion /e / inv /e /p ion t ta t to ts ta t ww w. co n n or p or a .co m n es rs ve n re se n s |
| Su Co ina b i l i ine l ta ty t t ta s a n n ( ion d fa he fo inv ) ta t t s t to p re se n a n c e r es rs |
/e / /a /p ine l-c ion inv bo ion ina b i l i ine l- 2 3 1 1 8 t ta t to t-u ta t ta ty- t-c t ta ww w. co n n or p or a .co m n es rs u s re se n -s us a on n |
| Co So ia l Re i b i l i te ty rp or a c sp on s |
ine l-s ina b i l i t ta ta ty. ww w. co n n us co m |
| Co Go Pr inc ip les te rp or a ve rn an ce |
/e /co /co /p ine l-c ion inc ip les d- de lar ion t ta t te t co n n or p or a .co m n m p an rp or a -g ov er na nc e r -a n c a s ww w. y |
| Co ine l s ha t ta n n re s |
ine l-c ion /e / inv /s ha t ta t to ww w. co n n or p or a .co m n es rs re |
| Co ine l bo ds d ing t ta t n n n a n ra |
ine l-c ion /e / inv / de b d- ing t ta t to t-a t ww w. co n n or p or a .co m n es rs n ra |
| Co ine l I R Tw i t ta t te n n on r |
/ Co i ine l_ I R tw t te t ta r.c om n n |
Preliminary FY 2017 Results - March 8, 2018