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Continental AG Investor Presentation 2012

Aug 2, 2012

83_ip_2012-08-02_5d67decc-1eb3-49df-a96d-ff6c914d25ed.pdf

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Financial Results H1 2012

Hanover – August 2, 2012

AGENDA

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EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Corporation HighlightsMost Important KPIs H1 2012 1)

  • Sales up by 11% to €16.5 bn; organic sales growth 8%
  • Adj. EBIT* margin at 11.1% - adj. EBIT* at €1,823 mn up by 23% (PPA and special effects: -€204 mn)
  • NIAT** up by 47% to €1 bnmainly due to higher EBIT and reduced interest expenses
  • Free cash flow of +€126 mnbetter than normal seasonal pattern
  • Net indebtedness up slightly to €6.9 bn due to €300 mn dividend payment Gearing ratio down to 83% and leverage ratio*** down to 1.35x
  • Accelerated value creation: trailing ROCE improved to 17.6%

* Before amortization of intangibles from PPA, consolidation and special effects ** Attributable to the shareholders of the parent

*** Leverage covenant ratio as defined in syndicated loan facilities

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Corporation Highlights

Divisional Highlights H1 20121)

Chassis & Safety at 9.8% adj. EBIT* margin mainly due to negative impact from raw material prices and mix effects; sales up by 12%

  • Powertrain at 5.2% adj. EBIT* margin; sales growth slowed to 12% due to lower diesel engine production – reported EBIT at €79 mn
  • Interiorat 8.8% adj. EBIT* margin; sales up by 8%
  • Automotive Group adj. EBIT* margin at 8.1%; organic sales growth at 8% YOY 6%-points above PC & LT** production in EU & NAFTA combined; 2/3 of ww global production growth stem from recovery in Japan
  • Tires adj. EBIT* margin at 17.7% up 390 bps YOY; PLT volumes flat in H1 2012 despite weak replacement markets (PC & LT** replacement EU -11% / NAFTA -3% & CV*** replacement EU -26% / NAFTA -9%)
  • CVTat 10.6% EBIT margin, volumes up by 2% in H1 2012
  • ContiTech adj. EBIT* margin slightly down YOY to 12.9% mainly due to higher raw material costs stemming from synthetic rubber prices; organic sales growth at 3%
  • Rubber Group achieved 9% organic sales growth and 16.5% adj. EBIT* margin; tire volume outlook at 3% confirmed despite weak replacement markets in H1 2012

*Before amortization of intangibles from PPA, consolidation and special effects ** Passenger Cars & Light truck *** Commercial Vehicles

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

4 | © Continental AG

Rubber Group

Automotive Group

Corporation HighlightsSales and Adj. EBIT* by Quarter1)

Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12

Sales (mn €)Adj. EBIT* (mn €)

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

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Corporation Highlights

Automotive and Rubber Group by Quarter 1)

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

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Corporation HighlightsGrowth Profile H1 2012 (in %)1)

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Corporation HighlightsAccelerated Value Creation 1)

Note: Trailing ROCE is calculated as reported EBIT for the last twelve months (LTM) divided by average operating assets (OA) incl. goodwill amounting to €5.7 bn at June 30, 2012

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Corporation Highlights Stand-Alone Credit Profile Back in Investment Grade!

Since mid 2009 Continental's credit rating continuously improved due to the strong recovery of business operations:

Continental's current credit rating is:

  • Moody's since April 5, 2011: Ba3 outlook stable
  • S&P since May 16, 2012: BB- outlook positive
  • Fitch since May 15, 2012: BB outlook stable
  • In addition S&P as well as Fitch see Continental's credit rating on a stand-alone basis back in investment grade
  • S&P (May 16, 2012): "We assess Continental's Stand-Alone Credit Profile (SACP) as BBB-. The SACP is not a rating but a component of the rating."
  • Fitch (May 15, 2012): "On a stand-alone basis, Fitch assesses Continental's rating to be consistent with a low 'BBB' rating."

* Leverage covenant ratio as defined in syndicated loan

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

9 | © Continental AG

1)

Automotive Group2)

Adj. EBIT* Margin Stable Despite Rare Earth Impact

  • Sales increased by €384 mn in Q2 2012 on the back of increasing installation rates for safety, CO2and information technologies
  • Adj. EBIT* margin slightly up mainly due to lower rare earths prices; Powertrain and Interior with operating leverage** >14% in Q2 2012

*Before amortization of intangibles from PPA, consolidation and special effects ** Operating leverage = delta adj. EBIT* divided by delta sales

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Automotive Group

Solid Growth and Solid Margin Levels2)

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Automotive Group adj. EBIT* (mn €)

Rubber GroupPrice/Mix and Volume Contributed to Sales and Adj. EBIT* 3)

  • Sales increased by €270 mn in Q2 2012; tire volumes YOY flat; price effects from last year as well as mix (about +12%) contributed considerably to top line growth
  • Adj. EBIT* up by €161 mn; current margin level not sustainable as price/mix improvements will moderate in H2 2012

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

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Rubber GroupBack to 2010 Adj. EBIT* Margin Levels3)

OCT: 2.9%
O Tires: 15.6%
O Rubber Group: 11.9%

239816 0 1,054 17.7% 16.5% Rubber Group adj. EBIT* (mn €)

Rubber GroupExpected Cost Burden 2012 3)

  • Natural rubber prices (TSR20) to stay at US \$3.70 on average in 2012
  • Synthetic rubber prices (feedstock butadiene) at US \$2.70 on average in 2012
  • Oil based chemicals, textile and carbon black to increase slightly YOY; carbon black on high level end of H1 2012
  • Price/mix will decline to mid single digit in Q3 but will stay positive in Q4

Source: Bloomberg, prices as of July 23, 2012; * Conti estimate

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Indebtedness and Cash FlowNet Indebtedness Walk-down 4)

(mn €)

*According to CF statement incl. intangible assets

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Indebtedness and Cash Flow

Development of Net Indebtedness and Gearing Ratio 4)

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Indebtedness and Cash Flow

Cash Flow Overview4)

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Indebtedness and Cash FlowAdjusted EBITDA* and Leverage Ratio4)

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Indebtedness and Cash Flow

Maturities until 2014 and Bond Maturities**4)

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Indebtedness and Cash FlowInterest Result H1 20124)

  • Interest expense amounted to €293 mn in H1 2012 and decreased by €53 mn YOY
  • Interest income up slightly to €13 mn
  • Others: mainly impacted from gains from changes in the fair value of the call options for the bonds which amounted to €93 mn

Interest Result H1 2012 (mn €)

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Outlook 2012Market Outlook for Major Regions5)

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Represents a change to last outlook issued on May 3, 2012

Outlook 2012Continental 5)

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*Before amortization of intangibles from PPA, consolidation (2011 in comparison to 2010) and special effects ** TSR 20 (natural rubber) *** Butadiene (feedstock for synthetic rubber)

EDMR – Equity and Debt Markets Relations

H1 2012 Financial Results - August 2, 2012

Thank you for your attention!

Official Partner of the UEFA EURO 2012and Sponsor of the FIFA WORLD CUP 2014

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Disclaimer

  • This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the release of the H1 2012 results on August 2, 2012 in Hanover. It has not been independently verified. It does not constitute an offer, invitation or recommendation to purchase or subscribe for any shares or other securities issued by Continental AG or any subsidiary and neither shall any part of it form the basis of, or be relied upon in connection with, any contract or commitment concerning the purchase or sale of such shares or other securities whatsoever.
  • Neither Continental Aktiengesellschaft nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss that may arise from any use of this presentation or its contents or 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 tothe 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 or of the date they are made, no guarantee can be given that the expected developments and effects will actually occur. Many factors may cause the actual development to be materially different from the expectations expressed here. Such factors include, 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.

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

ContactEquity and Debt Markets Relations

Vahrenwalder Str. 9 Rolf WollerGermany

Ingrid Kampf Gabriele CollatzTelephone: +49 511 938 1163 Telephone: +49 511 938 1915e-mail: [email protected]

30165 Hannover Telephone: +49 511 938 1068e-mail: [email protected]

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

Sabine Reese Telephone: +49 511 938 1027e-mail: [email protected]

Kajsa HebelerTelephone: +49 511 938 1062e-mail: [email protected]

Michael SaemannTelephone +49 511 938 1307e-mail: [email protected]

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

ContinentalFinancial Calendar

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EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

ContinentalShare Data / ADR Data

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EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

ContinentalBond Data

B
d
D
t
o
n
a
a
Is
su
e
r		 C
G
i-
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Pr
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6
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* Guaranteed by Continental AG and certain subsidiaries of Continental AG

EDMR – Equity and Debt Markets Relations

H1 2012 Financial Results - August 2, 2012

Back-up

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Back-upOverview of Volume Development 6)

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(
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Un
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%

EDMR – Equity and Debt Markets Relations

H1 2012 Financial Results - August 2, 2012

Back-upCorporation Highlights H1 20126)

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* Before amortization of intangibles from PPA, consolidation and special effects; ** Amortization of intangibles from PPA; *** Attributable to the shareholders of the parent

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Back-upKey Historical Credit Metrics6)

1
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8x		 2.
0x		 1.
6x		 1,
5x
in
i
(
io
)
5
Ne
h
d
t c
te
t p
t
a
s
re
s
a
c
ov
e
ra
g
e
ra		 5.
8x		 3.
2x		 5.
2x		 6.
4x		 8,
2x

1) Amounts shown may contain rounding differences

2) Adjusted EBITDA from 2009 on as defined in syndicated loan

3) Includes changes in inventories, trade receivables, trade payables and discounted notes

4) Includes dividends received, at-equity share in earnings of ass. and income from other investments incl. impairments, gains and losses from disposals, other non-cash items as well as changes in pension and post-employment provisions (including effects from transactions regarding contractual trust arrangements CTA" in 2009) and in other assets and liabilities5) Adj. EBITDA to net cash interest paid

EDMR – Equity and Debt Markets Relations

H1 2012 Financial Results - August 2, 2012

Back-upRating Development 6)

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Back-up

6)

Capex and Depreciation, EPS Bridge H1 2012

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Back-up 6)

Automotive Group Financials – Chassis & Safety

  • Sales increased by +8.5% before consolidation and FX effects
  • EBITDA decreased by €4.9 mn to €493.1 mn (-1.0%)
  • Adj. EBIT* decreased by €10.7 mn to €352.4 mn (adj. EBIT* margin 9.8%)
  • EBIT decreased by €14.0 mn to €325.8 mn (EBIT margin 9.1%)
  • PPA effect in H1 2012: -€26.6 mn
  • No special effects in H1 2012

2,827.43,220.53,593.316.6% 15.5%Sales (mn €) EBITDA margin Adj. EBIT* margin Chassis & Safety H1 201213.7%11.2%9.8%2010 2011 2012

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

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Back-up6)

Automotive Group Financials – Powertrain

  • Sales increased by +9.2% before consolidation and FX effects
  • EBITDA increased by €98.7 mn to €313.0 mn (+46.1%)
  • Adj. EBIT* increased by €48.3 mn to €166.0 mn (adj. EBIT* margin 5.2%)
  • EBIT increased by €81.5 mn to €78.6 mn (EBIT margin 2.5%)
  • PPA effect in H1 2012: -€88.2 mn
  • Special effects in H1 2012: +€0.8 mn

2,310.32,860.13,198.77.6% 7.5%9.8%Sales (mn €) EBITDA margin Adj. EBIT* margin 4.1%5.2%

2011 2012

2010

Powertrain H1 2012

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

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Back-up

6)

Automotive Group Financials – Interior

  • Sales increased by +6.0% before Interior H1 2012consolidation and FX effects
  • EBITDA increased by €36.4 mn to €407.0 mn (+9.8%)
  • Adj. EBIT* increased by €40.0 mn to €288.6 mn (adj. EBIT* margin 8.8%)
  • EBIT increased by €24.6 mn to €190.7 mn (EBIT margin 5.8%)
  • PPA effect in H1 2012: -€102.8 mn
  • Special effects in H1 2012: +€4.9 mn

*refer to Fact Sheets for further details

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Back-upRubber Group Financials – Tires6)

  • Sales increased by +11.4% before consolidation and FX effects
  • EBITDA increased by €256.8 mn to €985.5 mn (+35.2%)
  • Adj. EBIT* increased by €252.9 mn to €815.7 mn (adj. EBIT* margin 17.7%)
  • EBIT increased by €247.8 mn to €813.5 mn (EBIT margin 17.2%)
  • Special effects in H1 2012: +€9.0 mn

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

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Back-upTires - Commercial Vehicle Tires 6)

  • Sales increased by +12.0%
  • EBIT increased by €68.6 mn to €102.4 mn (EBIT margin 10.6%)

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Back-upRubber Group Financials – ContiTech 6)

  • consolidation and FX effects
  • EBITDA increased by €4.4 mn to €283.4 mn (1.6%)
  • Adj. EBIT* increased by €5.1 mn to €238.7 mn (adj. EBIT* margin 12.9%)
  • EBIT increased by €3.5 mn to €234.5 mn (EBIT margin 12.6%)
  • Special effects in H1 2012: -€0.7 mn

refer to Fact Sheets for further details

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Fact Sheets 2010-H1 2012

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Fact SheetsQuarterly Sales Analysis (mn €)6)

2
0
1
0		 2
0
1		 2
0
1
2
Q
1		 Q Q Q F
Y		 Q Q Q Q F Q Q
2
1,
3
5
4.4		 1,
47
3.
0		 1,
43
4.5		 1,
5
13
.5		 5,
77
5.
4		 1,
6
18
.7		 1,
6
0
1.8		 1,
5
9
5.
4		 1,
6
9
4.9		 6,
5
10
.8		 1,
8
12
.4		 1,
78
0.
9
1,
10
5.
5		 1,
20
4.8		 1,
16
7.5		 1,
25
3.
0		 4,
73
0.
8		 1,
3
9
6.
8		 1,
46
3.
3		 1,
5
17
.4		 1,
46
4.5		 5,
8
42
.0		 1,
6
26
.2		 1,
5
72
.5
1,
3
40
.3		 1,
43
6.
5		 1,
3
47
.3		 1,
3
9
4.0		 18
.1
5,
5		 1,
3
0.
0
5		 1,
13
.8
5		 1,
23
5
.7		 1,
43
.2
5		 6,
11
0.
7		 1,
6
6
0.
9		 1,
6
14
.4
1,
49
.1
5		 1,
8
28
.2		 1,
8
22
.7		 1,
9
6
4
5.		 16
4
7,
5.		 1,
9
8
1.3		 2,
10
2.
1		 2,
24
0
5.		 2,
3
8
9.
3		 8,
71
7.7		 2,
3
6
6.
8		 2,
3
1.7
5
70
2.3		 77
5.
4		 78
3.
7		 8
3
3.
9		 3,
0
9
5.
3		 8
8
6.
0		 9
16
.1		 9
0
1.0		 8
8
0.
0		 3,
5
8
3.
1		 9
23
.0		 9
3
1.6
-5
4.9		 6
0.
2
-		 6
5.
9
-		 5
7.
1
-		 23
8.
1
-		 6
7.2
-		 6
4.5
-		 6
8.
1
-		 5
9.
6
-		 25
9.
4
-		 6
9.
8
-		 6
4.4
-
9
9
6.
5,
7		 6,
6
5
7.7		 6,
48
9.
8		 6,
9
0
2.7		 26
0
46
.9
,		 3
45
.6
7,		 3
2.6
7,
5		 71
4.4
7,		 9
12
.3
7,		 3
0,
0
4.9
5		 8,
3
19
.5		 8,
18
6.
7
2 3 4 1 2 1
3		 4 Y 1

YOY change in %

Q
1		 Q
2		 Q
3		 Q
4		 F
Y		 Q
1		 Q
2
C
ha
is
&
Sa
fe
ty
ss		 19
.5		 8.
7		 11
.2		 12
.0		 12
.7		 12
.0		 11
.2
in
Po
rtr
we
a		 26
.4		 21
.5		 3
0.
0		 16
.9		 23
.5		 16
.4		 7.5
Int
ior
er		 14
.2		 5.
4		 13
.1		 10
.7		 10
.7		 8.
6		 6.
6
T
ire
s		 27
.9		 15
.0		 23
.2		 21
.6		 21
.7		 19
.5		 11
.9
Co
i
nt
Te
h
c		 26
.2		 18
.1		 15
.0		 5.
5		 15
.8		 4.2 1.7
Co
ine
Co
io
nt
nta
l
at
rp
or
n		 22
.5		 13
.1		 18
.9		 14
.6		 17
.1		 13
.3		 8.
7

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Fact SheetsQuarterly EBITDA Analysis (mn €)6)

E
B
I
T
D
A		 2
0
1
0		 2
0
1
2
Q
1		 Q
2		 Q
3		 Q
4		 F
Y		 Q
1		 Q
2		 1
Q
3		 Q
4		 F
Y		 Q
1		 Q
2
C
ha
is
&
Sa
fe
ty
ss		 22
9.
6		 23
9.7		 20
5.
1		 21
7.3		 8
9
1.7		 25
1.3		 24
6.7		 24
3.
3		 24
1.0		 9
8
2.3		 24
2.8		 25
0.
3
Po
in
rtr
we
a		 8
3.
4		 9
2.8		 23
.7		 6
8.
3		 26
8.
2		 12
0.
6		 9
3.7		 14
0.
1		 13
0.
3		 48
4.7		 16
2.2		 15
0.
8
Int
io
er
r		 15
9.5		 14
5.
3		 11
6.
0		 19
8.
3		 6
19
.1		 17
4.3		 19
6.
3		 18
9.
2		 19
9.
0		 75
8.
8		 19
7.2		 20
9.
8
T
ire
s		 3
0
0.
1		 3
6
8.
4		 3
21
.1		 3
9
3.7		 1,
3
8
3.
3		 35
6.5		 37
2.2		 3
6
9.
6		 42
8.
2		 1,
5
26
.5		 46
2.2		 5
23
.3
Co
i
Te
h
nt
c		 11
5.
8		 12
8.
6		 12
1.5		 10
2.3		 46
8.
2		 14
0.
9		 13
8.
1		 11
3.5		 12
2.5		 5
15
.0		 13
7.8		 14
5.
6
Ot
he
/
Co
l
i
da
io
t
r
ns
o
n		 -0.
1		 3
8.
8
-		 0.5
-		 3.5
-		 42
.9
-		 15
.1
-		 2.8
-		 18
.6
-		 2.8
-		 3
9.
3
-		 19
.9
-		 14
.5
-
Co
ine
l
Co
ion
nt
nta
at
rp
or		 8
8
8.
3		 9
3
6.
0		 78
6.
9		 97
6.
4		 3,
5
87
.6		 1,
0
28
.5		 1,
0
44
.2		 1,
0
37
.1		 1,
11
8.
2		 4,
22
8.
0		 1,
18
2.3		 1,
26
5.
3
in
in
E
B
I
T
D
A
%
ma
rg
Q
1		 Q
2		 Q
3		 Q
4		 F
Y		 Q
1		 Q
2		 Q
3		 Q
4		 F
Y		 Q
1		 Q
2
C
Sa
fe
ha
is
&
ty
ss		 17
.0		 16
.3		 14
.3		 14
.4		 15
.4		 15
.5		 15
.4		 15
.3		 14
.2		 15
.1		 13
.4		 14
.1
Po
rtr
in
we
a		 7.5 7.7 2.0 5.5 5.7 8.
6		 6.
4		 9.
2		 8.
9		 8.
3		 10
.0		 9.
6
Int
io
er
r		 11
.9		 10
.1		 8.
6		 14
.2		 11
.2		 11
.4		 13
.0		 12
.4		 12
.9		 12
.4		 11
.9		 13
.0
T
ire
s		 19
.4		 20
.2		 17
.6		 20
.0		 19
.3		 18
.0		 17
.7		 16
.5		 17
.9		 17
.5		 19
.5		 22
.3
Co
i
Te
h
nt
c		 16
.5		 16
.6		 15
.5		 12
.3		 15
.1		 15
.9		 15
.1		 12
.6		 13
.9		 14
.4		 14
.9		 15
.6
Co
ine
l
Co
ion
nt
nta
at
rp
or		 14
.8		 14
.1		 12
.1		 14
.1		 13
.8		 14
.0		 13
.9		 13
.4		 14
.1		 13
.9		 14
.2		 15
.5
Y
O
Y
ha
in
%
c
ng
e
Q
1		 Q
2		 Q
3		 Q
4		 F
Y		 Q
1		 Q
2
C
ha
is
&
Sa
fe
ty
ss		 9.5 2.9 18
.6		 10
.9		 10
.2		 3.
4
-		 1.5
in
Po
rtr
we
a		 44
.6		 1.0 49
1.1		 9
0.
8		 8
0.7		 3
4.5		 6
0.
9
io
Int
er
r		 9.
3		 35
.1		 6
3.
1		 0.
4		 22
.6		 13
.1		 6.
9
T
ire
s		 18
.8		 1.0 15
.1		 8.
8		 10
.4		 29
.6		 40
.6
Co
i
Te
h
nt
c		 21
.7		 7.4 6.
6
-		 19
.7		 10
.0		 2.2
-		 4
5.
Co
Co
ine
l
ion
nt
nta
at
rp
or		 15
.8		 11
.6		 3
1.8		 14
.5		 17
.9		 15
.0		 21
.2

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Fact SheetsQuarterly EBIT Analysis (mn €) 6)

EB
IT		 20
10		 20
12
Q1 Q2 Q3 Q4 FY Q1 Q2 11
Q3		 Q4 FY Q1 Q2
Ch
sis
&
Sa
fet
as
y		 149
.0		 160
.2		 122
.4		 137
.4		 56
9.0		 172
.0		 167
.8		 163
.9		 158
.2		 66
1.9		 159
.8		 166
.0
Po
rtra
in
we		 -21
.6		 22
.1
-		 10
1.7
-		 52
.7
-		 198
.1
-		 13
.0		 15.
9
-		 29
.5		 4.7 31
.3		 43
.8		 34
.8
Int
eri
or		 54
.9		 40
.3		 12.
0		 89
.8		 197
.0		 71
.8		 94
.3		 84
.7		 80
.4		 33
1.2		 90
.6		 100
.1
Tir
es		 22
0.6		 27
3.2		 23
8.8		 31
0.9		 1,
043
.5		 27
5.7		 29
0.0		 28
7.1		 34
2.9		 1,
195
.7		 37
8.0		 43
5.5
Co
nti
Te
ch		 92
.2		 104
.7		 94
.8		 77
.9		 36
9.6		 116
.9		 114
.1		 89
.3		 96
.8		 41
7.1		 113
.3		 12
1.2
Ot
he
r /
Co
lid
ati
nso
on		 -0.
7		 39
.6
-		 1.2
-		 4.3
-		 45
.8
-		 15
.5
-		 3.2
-		 18
.8
-		 2.8
-		 40
.3
-		 19
.9
-		 14
.8
-
Co
nti
l C
tio
nta
ne
orp
ora
n		 49
4.4		 51
6.7		 36
5.1		 55
9.0		 1,
935
.2		 63
3.9		 64
7.1		 63
5.7		 68
0.2		 2,
59
6.9		 76
5.6		 84
2.8
EB
IT
in
in
%
ma
rg
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2
Ch
Sa
sis
&
fet
as
y		 11
.0		 10
.9		 8.5 9.1 9.9 10
.6		 10
.5		 10
.3		 9.3 10
.2		 8.8 9.3
in
Po
rtra
we		 -2.
0		 1.8
-		 8.7
-		 4.2
-		 4.2
-		 0.9 1.1
-		 1.9 0.3 0.5 2.7 2.2
Int
eri
or		 4.1 2.8 0.9 6.4 3.6 4.7 6.2 5.6 5.2 5.4 5.5 6.2
Tir
es		 14
.2		 14
.9		 13.
1		 15
.8		 14
.6		 13
.9		 13
.8		 12
.8		 14.
4		 13
.7		 16
.0		 18
.5
Co
nti
Te
ch		 13
.1		 13
.5		 12.
1		 9.3 11
.9		 13
.2		 12
.5		 9.9 11.
0		 11
.6		 12
.3		 13
.0
Co
l C
nti
nta
tio
ne
orp
ora
n		 8.2 7.8 5.6 8.1 7.4 8.6 8.6 8.2 8.6 8.5 9.2 10
.3
YO
Y c
ha
e i
n %
ng
Q1 Q2 Q3 Q4 FY Q1 Q2
Ch
sis
&
Sa
fet
as
y		 15
.4		 4.7 33
.9		 15.
1		 16
.3		 7.1
-		 1.1
-
Po
rtra
in
we		 160
.2		 28
.1		 129
.0		 108
.9		 115
.8		 23
6.9		 31
8.9
Int
eri
or		 30
.8		 134
.0		 60
5.8		 10
.5
-		 68
.1		 26
.2		 6.2
Tir
es		 25
.0		 6.1 20
.2		 10.
3		 14
.6		 37
.1		 50
.2
Co
nti
Te
ch		 26
.8		 9.0 5.8
-		 24
.3		 12
.9		 3.1
-		 6.2
Co
nti
l C
tio
nta
ne
orp
ora
n		 28
.2		 25
.2		 74
.1		 21
.7		 34
.2		 20
.8		 30
.2

Fact Sheets

Quarterly Analysis of Adjusted EBIT* (mn €)6)

A
d
j
d
E
B
I
T
*
te
us		 2
0
1
1		 2
0
1
2
Q
1		 Q
2		 Q
3		 Q
4		 F
Y		 Q
1		 Q
2
C
ha
is
&
Sa
fe
ty
ss		 1
8
4.
8		 1
7
8.
3		 1
7
3.
1		 1
7
9.
3
Po
in
tra
w
er		 5
5.
4		 6
2.
3		 8
7.
7		 7
8.
3
In
io
te
r
r		 1
1
9.
0		 1
2
9.
6		 1
4
1.
8		 1
4
6.
8
ire
T
s		 2
8.
9
7		 2
8
3.
9		 3
8.
4
7		 4
3
3
7.
Co
i
Te
h
t
n
c		 1
1
8.
2		 1
1
5.
4		 1
1
5.
4		 1
2
3.
3
O
he
/
Co
l
i
da
io
t
t
r
ns
o
n		 -2
2.
4		 1
9.
0
-		 -2
1.
5		 1
6.
7
-
Co
in
l
Co
io
t
ta
t
n
en
rp
or
a
n		 7
3
3.
9		 7
5
0.
5		 8
7
4.
9		 9
4
8.
3
A
d
j
d
E
B
I
T
* m
in
in
te
us
ar
g		 %
Q
1		 Q
2		 Q
3		 Q
4		 F
Y		 Q
1		 Q
2
C
ha
is
&
Sa
fe
ty
ss		 1
1.
4		 1
1.
1		 9.
6		 1
0.
1
Po
in
tra
w
er		 4.
0		 4.
3		 5.
4		 5.
0
In
io
te
r
r		 7.
8		 8.
6		 8.
5		 9.
1
T
ire
s		 1
4.
1		 1
3.
5		 1
6.
3		 1
9.
0
Co
i
Te
h
t
n
c		 1
3.
3		 1
2.
6		 1
2.
5		 1
3.
3
Co
in
l
Co
io
t
ta
t
n
en
rp
or
a
n		 1
0.
0		 1
0.
0		 1
0.
6		 1
1.
7
Y
O
Y
ha
in
%
c
ng
e
Q
1		 Q
2
C
ha
is
&
Sa
fe
ty
ss		 -6
3		 0.
6
Po
in
tra
w
er		 5
8.
3		 2
5.
7
In
io
te
r
r		 1
9.
2		 1
3.
3
ire
T
s		 3
5.
7		 4.
0
5
Co
i
Te
h
t
n
c		 -2
4		 6.
8
Co
Co
in
l
io
t
ta
t
n
en
rp
or
a
n		 1
9.
2		 2
6.
4

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

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

6)

Fact Sheets

Consolidated Statement of Income (mn €)

H1
20
10		 H1
20
11		 H1
20
12		 Q
2 2
0
10		 Q
2 2
0
11		 Q
2 2
0
12
Sa
les		 12
6
5
4.4
,		 14
87
8.
2
,		 16
5
0
6.
2
,		 6,
6
57
.7		 7,
5
3
2.6		 8,
18
6.7
Co
f s
les
st
o
a		 -9,
78
1
5.		 11
72
3.
6
-
,		 12
95
3
5.
-
,		 16
9.
6
5,
-		 97
6.5
5,
-		 6,
40
1.4
-
Gr
in
les
os
s m
ar
g
on
sa		 2,
8
6
9.
3		 15
3,
4.6		 5
5
3,
0.
9		 1,
48
8.
1		 5
5
1,
6.
1		 5.
1,
78
3
Re
h a
nd
de
lop
nt
se
arc
ve
me
ex
p
en
se
s		 -75
4.4		 8
23
.9
-		 9
07
.5
-		 37
9.
4
-		 41
8.5
-		 45
8.
3
-
Se
llin
d
log
ist
ics
g
an
ex
p
en
se
s		 -6
40
.6		 6
9
4.5
-		 77
1.6
-		 3
3
2.2
-		 35
3.
0
-		 3
9
1.1
-
Ad
mi
nis
ive
tra
t
ex
p
en
se
s		 -3
0
6.
6		 3
18
.3
-		 3
3
2.9
-		 15
9.
2
-		 16
2.1
-		 16
8.
4
-
Ot
he
r in
d e
co
me
an
xp
en
se
s		 -19
7.0		 78
.1
-		 3
2.1		 12
4.5
-		 3.
3
-		 5
2.2
At
ity
ha
in
rni
f a
iat
-eq
u
s
re
ea
ng
s o
ss
oc
es		 3
6.5		 42
.6		 29
.9		 22
.7		 26
.8		 17
.3
Ot
he
r in
fro
inv
tm
ts
co
me
m
es
en		 3.
9		 1.4
-		 7.5 1.2 1.1 5.
8
Ea
ing
be
fo
int
nd
t a
ta
rn
s
re
er
es
xe
s		 1,
0
11
.1		 1,
28
1.0		 1,
6
0
8.
4		 5
16
.7		 6
47
.1		 8
42
.8
Int
inc
st
ere
om
e		 11
.9		 12
.9		 13
.4		 6.
1		 6.5 9
5.
1
Int
st
ere
ex
pe
ns
e		 -3
3
3.
8		 3
3
1.7
-		 18
9.
6
-		 17
4.3
-		 15
6.7
-		 13
8.7
-
Ne
int
t
t e
er
es
xp
en
se		 -3
21
.9		 3
18
.8
-		 17
6.
2
-		 16
8.
2
-		 15
0.
2
-		 13
2.8
-
Ea
ing
be
fo
ta
rn
s
re
xe
s		 6
8
9.
2		 9
6
2.2		 1,
43
2.2		 3
48
.5		 49
6.
9		 71
0.
0
Inc
e t
om
ax
ex
p
en
se		 -3
0
3.
2		 24
4.4
-		 3
9
6.7
-		 20
6.
8
-		 16
4.2
-		 17
5.
0
-
Ne
inc
t
om
e		 3
8
6.
0		 71
7.8		 1,
0
3
5.
5		 14
1.7		 3
3
2.7		 5
3
5.
0
No
llin
int
tro
sts
n-c
on
g
ere		 -37
.1		 3
4.8
-		 3
2.3
-		 20
.5
-		 17
.9
-		 14
.7
-
Ne
inc
ibu
b
le
he
ha
ho
lde
f t
he
t
att
ta
to
t
t
om
e
r
s
re
rs
o
p
ar
en		 3
48
.9		 6
8
3.
0		 1,
0
0
3.
2		 12
1.2		 3
14
.8		 5
20
.3
Un
d
ilu
te
d e
ing
ha
in
EU
R
ar
n
s p
er
s
re		 1.7
4		 3.
42		 5.
0
2		 0.
6
1		 1.5
7		 2.6
0
D
ilu
d e
ing
ha
in
EU
R
te
ar
n
s p
er
s
re		 1.7
4		 3.
42		 5.
0
2		 0.
6
1		 1.5
7		 2.6
0

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

EDMR – Equity and Debt Markets Relations

H1 2012 Financial Results - August 2, 2012

Fact Sheets6)

Consolidated Statement of Financial Position – Assets (mn €)

A
t
s
s
e
s		 J
3
0,
2
0
1
2
u
n
e		 D
3
1,
2
0
1
1
e
c.		 J
3
0,
2
0
1
1
u
n
e
G
d
i
l
l
o
o
w		 5,
7
2
7.
7		 5,
6
9
2.
4		 5,
6
4
0.
2
O
h
i
i
b
l
t
t
t
e
r
n
a
n
g
e
a
s
s
e
s		 1,
1
6
9.
6		 1,
3
6
5.
9		 1,
5
1
2.
7
P
l
d
i
t
t
t
r
o
p
e
r
y,
p
a
n
a
n
e
q
u
p
m
e
n		 6,
8
6
6.
8		 6,
6
0
8.
5		 6,
0
7
1.
1
I
i
t
t
t
n
v
e
s
m
e
n
p
r
o
p
e
r
e
s		 1
9.
7		 1
9.
0		 1
9.
7
I
i
i
d
i
t
t
t-
t
t
t
n
v
e
s
m
e
n
s
n
a
e
q
u
y
a
c
c
o
u
n
e
n
v
e
s
e
e
s		 4
8
4.
6		 4
8
0.
2		 4
5
7.
6
O
h
i
t
t
t
e
r
n
v
e
s
m
e
n
s		 6.
6		 6.
9		 7.
0
D
f
d
t
t
e
e
r
r
e
a
x
a
s
s
e
s		 6
0
0.
5		 5
6
5.
8		 6
1
4.
6
D
f
i
d
b
f
i
t
t
e
n
e
e
n
e
a
s
s
e
s		 1
0
7.
5		 1
0
2.
9		 6
9.
7
L
d
i
i
i
d
i
-t
t
t
t
t
t
o
n
g
e
r
m
e
r
v
a
v
e
n
s
r
u
m
e
n
s
a
n
n
e
r
e
s
b
i
i
t
t
e
a
r
n
g
n
v
e
s
m
e
n
s		 3
9
4.
3		 1
9
3.
2		 1
6
4.
8
O
h
l
f
i
i
l
t
-t
t
e
r
o
n
g
e
r
m
n
a
n
c
a
a
s
s
e
s		 2
9.
2		 2
6.
7		 2
9.
1
O
h
l
t
-t
t
e
r
o
n
g
e
r
m
a
s
s
e
s		 1
2.
5		 1
4.
0		 1
3.
6
N
t
t
o
n-
c
r
r
e
n
a
s
s
e
s
u		 1
5,
4
1
9.
0		 1
5,
0
7
5.
5		 1
4,
6
0
0.
1
I
i
t
n
e
n
o
r
e
s
v		 3,
2
9
1
5.		 2,
9
8
9.
7		 3,
0
4
1.
8
T
d
i
b
l
t
r
a
e
a
c
c
o
n
s
r
e
c
e
a
e
u
v		 8
1
6
5,
5.		 5,
3
4
1.
5		 4,
9
9
6.
2
O
h
h
f
i
i
l
t
t-
t
t
e
r
s
o
r
e
r
m
n
a
n
c
a
a
s
s
e
s		 3
1
6
5.		 2
6
3.
5		 2
6
8.
9
O
h
h
t
t-
t
t
e
r
s
o
r
e
r
m
a
s
s
e
s		 2
0.
3
7		 6
2
4.
0		 6
2
3.
8
I
i
b
l
t
n
c
o
m
e
a
r
e
c
e
a
e
x
v		 1
8
3.
5		 1
0
1.
7		 1
2
6
5.
S
h
d
i
i
i
d
i
t-
t
t
t
t
t
t
o
r
e
r
m
e
r
a
e
n
s
r
m
e
n
s
a
n
n
e
r
e
s
v
v
u
b
i
i
t
t
e
a
r
n
g
n
e
s
m
e
n
s
v		 8
4.
0		 9
5
5.		 6
6.
4
C
h
d
h
i
l
t
a
s
a
n
c
a
s
e
q
a
e
n
s
u
v		 1,
4
0
1.
7		 1,
4
1.
2
5		 1,
6
6.
0
5
A
h
l
d
f
l
t
s
s
e
s
e
o
r
s
a
e		 4
2
5.		 4
4
5.		 4.
4
C
t
t
r
r
e
n
a
s
s
e
s
u		 1
1,
8
6
1.
0		 1
0,
9
6
2.
9		 1
0,
6
9
3.
1
T
l
t
t
o
a
a
s
s
e
s		 2
7,
2
8
0.
0		 2
6,
0
3
8.
4		 2
5,
2
9
3.
2

EDMR – Equity and Debt Markets Relations

H1 2012 Financial Results - August 2, 2012

Fact Sheets6)

Consolidated Statement of Financial Position – Equity and Liabilities (mn €)

T
l
i
d
l
i
b
i
l
i
i
t
t
t
o
a
e
q
u
y
a
n
a
e
s		 J
3
0,
2
0
1
2
u
n
e		 D
3
1,
2
0
1
1
e
c.		 J
3
0,
2
0
1
1
u
n
e
S
b
i
b
d
i
l
t
u
s
c
r
e
c
a
p
a		 5
1
2.
0		 5
1
2.
0		 5
1
2.
0
C
i
l
t
a
p
a
r
e
s
e
r
v
e
s		 4,
1
5
5.
6		 4,
1
5
5.
6		 4,
1
5
5.
6
R
i
d
i
t
e
a
n
e
e
a
r
n
n
g
s		 3,
1
5
7.
8		 2,
4
5
4.
6		 1,
8
9
5.
4
O
h
h
i
i
t
e
r
c
o
m
p
r
e
e
n
s
v
e
n
c
o
m
e		 1
3
7.
2		 2
3.
9		 -8
8.
4
E
i
i
b
b
l
h
h
h
l
d
f
h
t
t
t
t
t
t
t
t
q
a
r
a
e
o
e
s
a
r
e
o
e
r
s
o
e
p
a
r
e
n
u
y
u		 7,
9
6
2.
6		 7,
1
4
6.
1		 6,
4
7
4.
6
N
l
l
i
i
t
t
t
o
n-
c
o
n
r
o
n
g
n
e
r
e
s
s		 3
9
5
5.		 3
9
7.
2		 3
4
6.
5
i
T
l
t
t
o
a
e
q
u
y		 8,
3
1
8.
5		 4
3.
3
7,
5		 6,
8
2
1.
1
P
i
i
f
i
l
i
b
i
l
i
i
d
i
i
l
b
l
i
i
t
t
r
o
v
s
o
n
s
o
r
p
e
n
s
o
n
a
e
s
a
n
s
m
a
r
o
g
a
o
n
s		 1,
4
5
3.
3		 1,
4
3
2.
2		 1,
4
0
9.
6
D
f
d
l
i
b
i
l
i
i
t
t
e
e
r
r
e
a
x
a
e
s		 3
2
9.
4		 2
6
9.
3		 2
4
8.
0
L
i
i
f
h
i
k
d
b
l
i
i
-t
t
t
o
n
g
e
r
m
p
r
o
v
s
o
n
s
o
r
o
e
r
r
s
s
a
n
o
g
a
o
n
s		 3
6
3.
1		 3
2
1.
8		 3
4
4.
6
L
i
f
i
d
b
d
-t
t
t
o
n
g
e
r
m
p
o
r
o
n
o
n
e
e
n
e
s
s		 6,
0
9
5.
6		 6,
0
4
8.
0		 7,
0
7
1.
3
O
h
l
f
i
i
l
l
i
b
i
l
i
i
t
-t
t
e
r
o
n
g
e
r
m
n
a
n
c
a
a
e
s		 7.
8		 8.
0		 0.
8
O
h
l
l
i
b
i
l
i
i
t
-t
t
e
r
o
n
g
e
r
m
a
e
s		 5
2.
9		 5
7.
1		 3
5.
6
N
l
i
b
i
l
i
i
t
t
o
n-
c
r
r
e
n
a
e
s
u		 8,
3
0
2.
1		 8,
1
3
6.
4		 9,
1
0
9.
9
T
d
b
l
t
r
a
e
a
c
c
o
n
s
p
a
a
e
u
y		 4,
2
2
3
7.		 4,
1
1
1.
4		 3,
8
3
0.
5
I
b
l
t
n
c
o
m
e
a
p
a
a
e
x
y		 7
6
4.
7		 6
4
8.
2		 6
5
2.
5
S
f
h
i
i
h
i
k
d
b
l
i
i
t-
t
t
t
o
r
e
r
m
p
r
o
s
o
n
s
o
r
o
e
r
r
s
s
a
n
o
g
a
o
n
s
v		 7
5
6.
7		 9
0
5.
1		 1,
0
5
2.
4
I
d
b
d
t
n
e
e
n
e
s
s		 2,
6
6
0.
3		 2,
5
1
4.
4		 1,
8
3
9.
9
O
f
h
h
i
i
l
l
i
b
i
l
i
i
t
t-
t
t
e
r
s
o
r
e
r
m
n
a
n
c
a
a
e
s		 1,
3
6
7.
8		 1,
4
1
5.
2		 1,
1
6
3.
6
O
h
h
l
i
b
i
l
i
i
t
t-
t
t
e
r
s
o
r
e
r
m
a
e
s		 8
8
2.
6		 7
6
4.
4		 8
2
3.
3
C
l
i
b
i
l
i
i
t
t
u
r
r
e
n
a
e
s		 5
1
0,
6
9.
4		 1
0,
3
8.
5
7		 9,
3
6
2.
2
T
l
i
d
l
i
b
i
l
i
i
t
t
t
o
a
e
q
u
y
a
n
a
e
s		 2
7,
2
8
0.
0		 2
6,
0
3
8.
4		 5,
2
2
9
3.
2

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Fact Sheets

6)

Consolidated Statement of Cash Flows (mn €)

Ja
1 t
nu
ary		 o J
e 3
0
un		 Se
nd
co		 Qu
art
er
20
12		 20
11		 20
12		 20
11
Ne
t in
co
me		 1,
035
.5		 71
7.8		 53
5.0		 33
2.7
Inc
e ta
om
x e
xpe
nse		 39
6.7		 24
4.4		 175
.0		 164
.2
Ne
t in
ter
est
ex
pe
nse		 176
.2		 31
8.8		 132
.8		 150
.2
EB
IT		 1,
60
8.4		 1,
28
1.0		 84
2.8		 64
7.1
Inte
id
t pa
res		 -28
9.6		 38
8.8
-		 85
.3
-		 169
.9
-
Inte
cei
ved
t re
res		 13
.2		 12.
7		 5.7 5.9
Inc
aid
e ta
om
x p		 -34
0.7		 194
.1
-		 20
5.7
-		 107
.7
-
Div
ide
nds
cei
ved
re		 33
.7		 19.
4		 6.2 1.9
De
cia
tio
rtiz
atio
nd
imp
air
nts
pre
n, a
mo
n a
me		 83
9.2		 79
1.7		 42
2.5		 39
7.1
At-
uity
sh
in
rnin
of a
cia
d a
ued
div
ide
nd
inc
e fr
her
inv
tes
ot
est
eq
are
ea
gs
sso
an
ccr
om
om		 -37
inc
.4
l. im
nts
me
,		 irm
41
.2
ent
pa
s
-		 23
.1
-		 27
.9
-
Ga
ins
fro
he
dis
al o
f as
ubs
idia
ries
d b
usi
ion
m t
set
rat
pos
s, s
an
nes
s o
pe
s		 2.2
-		 12.
1
-		 1.4
-		 7.6
-
Oth
sh
item
er
non
-ca
s		 -3.5 22
.8
-		 1.8
-		 15
.8
-
Ch
in
ang
es
inv
ori
ent
es		 -27
0.3		 44
8.3
-		 115
.6
-		 134
.7
-
de
iva
ble
tra
ts r
acc
oun
ece		 -40
6.7		 63
3.1
-		 31
1.0		 23
7.6
sol
d
not
es		 — 0.4
-		 — 6.0
de
ble
tra
ts p
acc
oun
aya		 64
.2		 35
9.4		 40
.2
-		 14
1.8
nsi
and
loy
isio
st-e
nt p
pe
on
po
mp
me
rov
ns		 12
.9		 22
.2		 6.8 8.6
oth
d li
ab
iliti
ets
er
ass
an
es		 -23
3.1		 42
.7
-		 38
9.9
-		 186
.2
-
Ca
sh
flo
ris
ing
fro
ing
tiv
itie
rat
w a
m o
pe
ac
s		 98
8.1		 70
2.9		 73
2.0		 79
6.2
Pro
ds
dis
al o
f p
lan
nd
uip
and
int
ible
erty
t a
nt,
set
cee
on
pos
rop
, p
eq
me
ang
as
s		 13
.1		 32
.3		 4.0 21
.2
Ca
ftw
ital
ndi
ture
erty
lan
t a
nd
uip
nt,
and
p
ex
pe
on
pr
op
, p
eq
me
so
are		 828
.0
-		 62
5.2
-		 44
0.1
-		 37
0.5
-
Ca
ital
ndi
int
ible
s fr
de
vel
roje
d m
isc
ella
ture
set
nt p
cts
p
ex
pe
on
ang
as
om
op
me
an
neo
us		 36
.8
-		 47
.6
-		 17.
3
-		 23
.3
-
Pro
ds
dis
al o
f co
ani
and
bu
sin
tio
cee
on
pos
mp
es
ess
op
era
ns		 0.0 0.0 — 0.0
Ac
isit
ion
of
nie
nd
bus
ine
tio
qu
com
pa
s a
ss
op
era
ns		 -10
.0		 25
.5
-		 4.5
-		 23
.8
-
Ca
sh
flo
ris
ing
fro
inv
tin
ctiv
itie
w a
m
es
g a
s		 -86
1.7		 66
6.0
-		 45
7.9
-		 39
6.4
-
Ca
sh
flo
be
for
e f
ina
ing
tiv
itie
s (
fre
h f
low
)
w
nc
ac
e c
as		 126
.4		 36
.9		 27
4.1		 39
9.8
Ch
e in
ind
ebt
ed
ang
nes
s		 57
.3		 119
.2		 120
.5		 28
6.0
-
Su
ssi
cha
cce
ve
pur
ses		 -18
.1		 0.4
-		 7.7
-		 0.4
-
Div
ide
nds
id
pa		 -30
0.0		 — 30
0.0
-		 —
Div
ide
nds
id a
nd
of
ital
lling
int
ent
to
ntro
sts
pa
rep
aym
cap
non
-co
ere		 31
.6
-		 20
.3
-		 9.7
-		 7.1
-
Ca
sh
and
sh
uiv
ale
isin
fro
m f
irst
lida
tio
f su
bsi
dia
ries
nts
ca
eq
ar
g
co
nso
n o		 4.8 — — —
Ca
sh
flo
ris
ing
fro
m f
ina
ing
tiv
itie
w a
nc
ac
s		 -28
7.6		 98
.5		 196
.9
-		 29
3.5
-
Ch
in
sh
d c
h e
iva
len
ts
an
ge
ca
an
as
qu		 -16
1.2		 135
.4		 77
.2		 106
.3
Ca
sh
and
sh
uiv
ale
the
be
inn
ing
of
the
rtin
erio
d
nts
at
ca
eq
g
re
po
g p		 1,5
41
.2		 1,4
71
.3		 1,2
97
.9		 1,4
67
.5
Eff
of
han
ch
h
ect
rate
exc
ge
ang
es
on
cas
and
sh
uiv
ale
nts
ca
eq		 21
.7		 40
.7
-		 26
.6		 7.8
-
Ca
sh
d c
h e
iva
len
he
d
ts
at t
an
as
qu
en
of
the
rtin
eri
od
re
po
g p		 1,
40
1.7		 56
1,
6.0		 1,
40
1.7		 56
1,
6.0

EDMR – Equity and Debt Markets Relations

H1 2012 Financial Results - August 2, 2012

Fact Sheets

Q2 2012 Results Reported & Adjusted (mn €) – by Division6)

Ch
sis
&
as
20
11		 Sa
fet
y
20
12		 Po
we
20
11		 in
rtra
20
12		 Int
eri
20
11		 or
20
12		 Tir
20
11		 es
20
12		 Co
nti
20
11		 Te
ch
20
12		 Co
./C
ns
20
11		 orr
20
12		 Co
rpo
20
11		 ion
rat
20
12
EB
IT
in %
of
sal
es		 16
7.8
10.
5%		 16
6.0
9.3
%		 15
.9
-
-1.
1%		 34
.8
2.2
%		 94
.3
6.2
%		 10
0.1
6.2
%		 29
0.0
13
.8%		 43
5.5
18
.5%		 11
4.1
12
.5%		 12
1.2
13
.0%		 3.2
-		 14
.8
-		 64
7.1
8.6
%		 84
2.8
10
.3%
Am
iza
tio
f in
ibl
fro
PP
A
ort
tan
ets
n o
g
e a
ss
m		 13
.2		 13
.3		 43
.4		 44
.3		 49
.9		 51
.6		 0.9 1.4 0.7 0.7 0.0 0.1
-		 10
8.1		 11
1.2
To
tal
ial
eff
ts
sp
ec
ec		 -3.
0		 0.0 34
.8		 0.8
-		 14
.3
-		 4.9
-		 7.0
-		 2.7
-		 0.6 0.3 15
.8
-		 1.8
-		 4.7
-		 -9.
9
ffe
To
tal
oli
da
tio
cts
*
co
ns
n e		 0.3 0.0 0.0 0.0 0.3
-		 0.0 0.0 3.1 0.0 1.1 0.0 0.0 0.0 4.2
To
tal
oli
da
tio
n &
ial
eff
ts
co
ns
sp
ec
ec		 2.7
-		 0.0 34
.8		 0.8
-		 -14
.6		 4.9
-		 7.0
-		 0.4 0.6 1.4 15
.8
-		 1.8
-		 4.7
-		 5.7
-
Ad
jus
ted
tin
ult
(a
dj.
EB
IT)
**
op
era
g r
es
in %
of
adj
ust
ed
sal
es		 17
8.3
11.
1%		 17
9.3
10
.1%		 62
.3
4.3
%		 78
.3
5.0
%		 12
9.6
8.6
%		 14
6.8
9.1
%		 28
3.9
13
.5%		 43
7.3
19
.0%		 11
5.4
12
.6%		 12
3.3
13
.3%		 19
.0
-		 16
.7
-		 75
0.5
10
.0%		 94
8.3
11.
7%

* Structural change between Interior and Chassis & Safety; Modi since 08/2011, Conti Trade Expansion; Tianjin since 06/2011, MIRS since 07/2011

** Before amortization of intangible assets from PPA, changes in the scope of consolidation and special effects

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Fact SheetsH1 2012 Results Reported & Adjusted (mn €) – by Division6)

Ch
sis
&
as		 Sa
fet
y		 Po
we		 in
rtra		 Int
eri		 or Tir es Co
nti		 Te
ch		 Co
./C
ns
orr		 Co
ion
rat
rpo
20
11		 20
12		 20
11		 20
12		 20
11		 20
12		 20
11		 20
12		 20
11		 20
12		 20
11		 20
12		 20
11		 20
12
EB
IT
in %
of
sal
es		 33
9.8
10.6
%		 32
5.8
9.1
%		 2.9
-
-0.
1%		 78
.6
2.5
%		 16
6.1
5.5
%		 19
0.7
5.8
%		 56
5.7
13
.9%		 81
3.5
17
.2%		 23
1.0
12
.8%		 23
4.5
12
.6%		 18
.7
-		 34
.7
-		 1,
28
1.0
8.6
%		 1,
60
8.4
9.7
%
Am
ort
iza
tio
f in
tan
ibl
ets
fro
PP
A
n o
g
e a
ss
m		 26
.5		 26
.6		 87
.6		 88
.2		 10
0.7		 10
2.8		 1.6 2.7 1.4 1.3 0.1 0.0 21
7.9		 22
1.6
To
tal
ial
eff
ts
sp
ec
ec		 -4.
3		 0.0 33
.0		 0.8
-		 17
.1
-		 4.9
-		 4.5
-		 9.0
-		 1.2 0.7 22
.8
-		 3.5
-		 14
.5
-		 17
.5
-
To
tal
oli
da
tio
ffe
*
cts
co
ns
n e		 1.1 0.0 0.0 0.0 1.1
-		 0.0 0.0 8.5 0.0 2.2 0.0 0.0 0.0 10
.7
To
tal
oli
da
tio
n &
ial
eff
ts
co
ns
sp
ec
ec		 3.2
-		 0.0 33
.0		 0.8
-		 18
.2
-		 4.9
-		 4.5
-		 0.5
-		 1.2 2.9 22
.8
-		 3.5
-		 14
.5
-		 6.8
-
Ad
jus
ted
tin
ult
(a
dj.
EB
IT)
**
op
era
g r
es
in %
of
adj
ed
sale
ust
s		 36
3.1
11.2
%		 35
2.4
9.8
%		 11
7.7
4.1
%		 16
6.0
5.2
%		 24
8.6
8.2
%		 28
8.6
8.8
%		 56
2.8
13
.8%		 5.7
81
17
.7%		 23
3.6
13
.0%		 23
8.7
12
.9%		 41
.4
-		 38
.2
-		 1,
48
4.4
10
.0%		 1,
82
3.2
11
.1%

* Structural change between Interior and Chassis & Safety; Modi since 08/2011, Conti Trade Expansion; Tianjin since 06/2011, MIRS since 07/2011

** Before amortization of intangible assets from PPA, changes in the scope of consolidation and special effects

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

Fact Sheets

Q2 & H1 2012 Results Reported & Adjusted (mn €) – by SBF6)

Q2 H1
Au
tom
201
1		 otiv
Ru
bb
e
er
201
2
201
1		 201
2		 Co
/Co
ns.
rr.
201
1
201
2		 Co
ion
rat
rpo
201
1
201
2		 Au
otiv
tom
e
201
1
201
2		 Ru
bb
er
201
1
201
2		 Co
/Co
ns.
rr.
201
1
201
2		 Co
ion
rat
rpo
201
1
201
2
EB
IT
in %
of s
ales		 246
.1
5.4%		 300
.8
6.1
%		 404
.1
13.
5%		 556
.6
17.
1%		 3.1
-		 14.
6
-		 647
.1
8.6
%		 842
.8
10.
3%		 503
.0
5.5
%		 595
.0
5.9
%		 796
.7
13.
7%		 1,0
48.
0
16.
1%		 18.
7
-		 34.
6
-		 1,2
81.
0
8.6%		 1,6
08.
4
9.7
Am
iza
tio
f in
ible
s fr
PP
A
ort
tan
set
n o
g
as
om		 106
.4		 109
.2		 1.6 2.0 0.1 0.0 108
.1		 111
.2		 214
.8		 217
.6		 3.0 4.0 0.1 0.0 217
.9		 %
221
.6
To
tal
cia
l ef
fec
ts
spe		 5
17.		 5.7
-		 6.4
-		 2.4
-		 15.
8
-		 1.8
-		 4.7
-		 9.9
-		 11.
6		 5.7
-		 3.3
-		 8.3
-		 22.
8
-		 3.5
-		 5
14.
-		 5
17.
-
To
tal
lida
tio
ffe
cts
*
co
nso
n e		 0.0 0.0 0.0 4.2 0.0 0.0 0.0 4.2 0.0 0.0 0.0 10.
7		 0.0 0.0 0.0 10.
7
To
tal
lida
tio
n &
eci
al e
ffe
cts
co
nso
sp		 17.
5		 5.7
-		 6.4
-		 1.8 15.
8
-		 1.8
-		 4.7
-		 5.7
-		 11.
6		 5.7
-		 3.3
-		 2.4 22.
8
-		 3.5
-		 14.
5
-		 6.8
-
Ad
jus
ted
tin
lt (a
dj.
EB
IT )
**
op
era
g r
esu
in %
of a
djus
ted
sale
s		 370
.0
8.1%		 404
.3
8.2
%		 399
.3
13.
4%		 560
.4
17.
5%		 18.
8
-		 16.
4
-		 750
.5
10.
0%		 948
.3
11.
7%		 729
.4
8.0
%		 806
.9
8.1
%		 796
.4
13.
7%		 1,0
54.
4
16.
5%		 41.
4
-		 38.
1
-		 1,4
84.
4
10.0
%		 1,8
23.
2
11.
1%

* Structural change between Interior and Chassis & Safety; Modi since 08/2011, Conti Trade Expansion; Tianjin since 06/2011, MIRS since 07/2011

** Before amortization of intangible assets from PPA, changes in the scope of consolidation and special effects

EDMR – Equity and Debt Markets RelationsH1 2012 Financial Results - August 2, 2012

ReferencesUseful Links and References

C
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EDMR – Equity and Debt Markets Relations

H1 2012 Financial Results - August 2, 2012

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