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Continental AG

Investor Presentation • Mar 3, 2016

83_ip_2016-03-03_2bc72280-8595-4600-847d-463cb07e9490.pdf

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Preliminary FY 2015 Results

Hanover – March 3, 2016

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

Wolfgang Schaefer – CFO

AGENDA

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1) Corporation Highlights Most Important KPIs FY 2015

  • › Adj. EBIT1 up by 15% to €4.5 bn; adj. EBIT1 margin at 11.8%(PPA -€138 mn and special effects -€116 mn)
  • NIAT2up by 15% to €2.7 bn
  • › Free cash flow amounted to €1.4 bn including more than €1.2 bn cash outflow for acquisitions (mainly Veyance Technologies and Elektrobit Automotive); free cash flow before acquisitions amounted to €2.7 bn
  • ›Gearing ratio slightly up to 27%; equity ratio improved to 40%
  • Value creation: trailing ROCE3 up by 90 bps to 20.9% despite the first-time consolidation of Veyance Technologies and Elektrobit Automotive
  • Other topics:
  • ›Order intake: life-time sales in Automotive exceeded €30 bn
  • ›Acquisition of Advanced Lidar Solutions to strengthen ADAS portfolio
  • Special effects in ContiTech amounted to -€114 mn; additional measures planned for H1/16
  • › Dividend to increase by 15% to €3.754for FY 2015

4Subject to approval of the Annual Shareholders' Meeting (ASM) on April 29, 2016

Before amortization of intangibles from PPA, consolidation and special effects

2Attributable to the shareholders of the parent

3Trailing 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 FY 2015

Automotive Group

Rubber Group

Rubber Group: Organic sales up by 2% and adj. EBIT1 margin up to 17.6% (PY: 16.8%)

›

1) Corporation Highlights

Sales and Adjusted EBIT1 by Quarter

Before amortization of intangibles from PPA, consolidation and special effects

1) Corporation Highlights Automotive Group and Rubber Group by Quarter

Before amortization of intangibles from PPA, consolidation and special effects

1) Corporation Highlights Growth Profile of the Corporation FY 2015

1) Corporation Highlights Adjusted EBIT1 Bridge (mn €)

3Including asset impairments amounting to €13.7 mn

8

1) Corporation Highlights

Maturities for Syndicated Loan and Bonds1(mn €)

As at December 31, 2015

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2Any utilization under the Revolving Credit Facility (RCF) has to be shown as short term debt acc. to IFRS although the RCF matures in 2020. It has a total volume of €3,000 mn

2) Automotive GroupAdj. EBIT1 Margin Improved by 80 bps

Reported change in sales

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Before amortization of intangibles from PPA, consolidation and special effects

Automotive Group Adj. EBIT1 (mn €) FY 2015

  • ›Reported EBITDA: €2,973 mn (12.6% of sales)
  • ›Reported EBIT: €2,014 mn (8.5% of sales)
  • ›R&D: €2,097 mn (8.9% of sales)
  • › Capex: €1,275 mn (5.4% of sales)
  • Preliminary FY 2015 Results – March 3, 2016EDMR – Equity and Debt Markets Relations11

2) Automotive Group

Q4 2015: Rebound in Sales and Profits As Forecasted

  • ›Sales increased by €563 mn; organic sales growth in Q4 2015 at 4.2%
  • ›Adj. EBIT1 increased by €92 mn; operating leverage2 at 18%
  • ›Adj. EBIT1 margin at 9.1% (PY: 8.3%)

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

Before amortization of intangibles from PPA, consolidation and special effects

2) Automotive GroupSales Growth Profile 2015 Automotive Group

Organic Sales Growth vs. PC & LT1Production Growth

Organic Sales Growthby Division

2) Automotive Group

Sales Growth Tops Car Production in Every Major Market

2008 2015

2008 2015

Content is calculated as sales divided by total car production

6.1

6.1

  • › Annualized sales growth in Europe amounted to 2%
  • Annualized productiongrowth was 0%
  • ›Content1 grew to €529
  • Annualized sales growth in NAFTA amounted to 10%
  • › Annualized production growth was 5%
  • Content1 grew to €347
  • › Annualized sales growth in Asia amounted to 18%
  • Annualized production growth was 7%
  • ›Content1 grew to €132

PC & LT production by region (mn units)

Preliminary FY 2015 Results – March 3, 2016EDMR – Equity and Debt Markets Relations14

1.9

3.1

Asia

2) Automotive GroupHigh Earnings Quality in Automotive

2) Automotive Group

Order Intake (LTS1) in the Automotive Group €30 bn in 2015

Chassis & Safety order intake (bn €)

  • ADAS book-to-bill ratio at 2.4x
  • VED book-to-bill at 1.4x on new MC100 and MC 1
  • More than 40% of the order intake was acquired outside of Europe and NAFTA

Powertrainorder intake (bn €)

  • Business unit HEV acquired >€1 bn in life-time sales
  • Engine Systems (ES) order intake impacted in H2 2015 by market environment
  • More than 45% of order intake was acquired outside of Europe and NAFTA

Interior order intake (bn €)

  • Solid order backlog with bookto-bill running at 1.3x in Body & Security (BS) and Instrumentation and Driver HMI (ID)
  • First order acquired in ITS

  • 25% of order intake was acquired in Asia

Life-time sales

2) Automotive GroupReality Check – How Reliable is the Order Intake?

›

›

Order backlog acquired in 2011 amounted to €23 bn

  • › Usually the order backlog translates into sales with a time lag of 4-5 years
  • Sales achieved in 2015 amounted to €23.6 bn
  • More limited revenue growth in Powertrain was more than compensated by Chassis & Safety and Interior business, mirroring OEM content preference over the last years

2015 order book totaled more than €30 bn life-time sales and provides confidence that €30 bn will be achieved in Automotive Group sales by 2019

Order Intake 2015 and Resultant Sales (bn €)

35

OI = Order Intake

3) Rubber Group

Profitability Sustained at Elevated Level

›Capex: €903 mn (5.8% of sales)

Before amortization of intangibles from PPA, consolidation and special effects

3) Rubber GroupQ4 2015: Tires Offset ContiTech Results

  • › Sales increased by €535 mn as a result of a further recovery in Continental tire volumes and solid organic growth in ContiTech
  • › Veyance Technologies contributed €286 mn to sales; operating profit margin remained at depressed levels as mining and fluid business suffered from the difficult market environment during H2 2015
  • › Tire volumes increased by 12% during the quarter; FX had a positive effect of ~2% on tire sales in Q4 2015 while price mix remained constant at -3%

Before amortization of intangibles from PPA, consolidation and special effects

3) Rubber GroupTires – Continuously Improving Mix

  • ›142 mn units sold in 2015
  • › ASP1 in PLT unchanged at €61 in 2015 despite negative pricing on solid mix development and positive FX effects
  • › HP2 tire sales grew by 14% in 2015 to 42 mn units
  • › Share of HP2 and winter tires in total unit sales improved to 47% from 41% in 2011
  • › 21 mn winter tires sold worldwide despite very mild winter in Europe
  • › Continental's winter tire inventories at the end of February 2016 are at very healthy level

Average Selling Price (ASP) derived by dividing total PLT sales by total units2High Performance is all ≥17" excluding winter tires

3Standard tire

HP2Tires Sales and ASP1 2011 - 2015

45% 47%

2011 2013 2015

41%

20

3) Rubber Group

Strong Volume Recovery in Tires throughout 2015

Truck Tire Market ww vs. Conti Volumes

3) Rubber GroupExpected Raw Material Price Development in 2016

  • › Natural rubber price (TSR 20) expected to average U.S. \$1.50 in 2016 (PY: U.S. \$1.44)
  • › Synthetic rubber price (butadiene feedstock) forecasted to average U.S. \$0.90 in 2016 (PY: U.S. \$0.90)
  • › U.S. \$50 mn gross benefit expected for every U.S. \$10 decline in oil price (average was U.S. \$52 in 2015)
  • › Tailwind from lower raw material cost to amount to about €100 mn in 2016

Raw Material Price Development1 2011 - 2016E (U.S. cents/kg)

Source: Bloomberg and Continental estimates for 2016

3) Rubber GroupContiTech Adjusted EBIT1 Bridge (mn €)

2Amortization of intangibles from PPA

3Including asset impairments amounting to €14.2 mn

3) Rubber Group

ContiTech: Determining the Right Reference Point for 2016

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2Amortization of intangibles from PPA

3) Rubber GroupContiTech Exposure to Oil and Mining Business

  • › Oil and mining related exposure at ContiTech amounts to 18% in 2015
  • › Measures implemented to align costs in Industrial Fluid Systems
  • › Restructuring initiated in Conveyor Belt Group to align capacity
  • › 7 out of 25 locations are affected: Australia, Canada, Chile, China, Greece, Turkey and the UK
  • › Further restructuring to be started in H1 2016
  • › Vast majority of the business doing well

Target to grow sales and adj. EBIT1 in 2016

Before amortization of intangibles from PPA, consolidation and special effects

Oil and Mining related business

Source: Company filings and consensus data (Feb 2016) for BHP, Rio, Vale, Grupo Mexico, FCX, ABX, GG, NEM, NCM, TCK/B, ANTO, NUE, AA, KGC, AEM, EGO

4) Indebtedness and Cash Flow

Net Indebtedness Bridge (mn €)

According to cash flow statement incl. intangible assets

2 Veyance Technologies (01/15), Elektrobit Automotive (07/15), A-Z Formen- und Maschinenbau Group (01/15), Continental Advanced Lidar Solutions (10/15) and others3Due to the fact that part of the Continental Pension Trust e.V. could regain the status of qualifying plan assets in FY 2015

4) Indebtedness and Cash Flow

Net Indebtedness and Gearing Ratio

Free cash flow before acquisitions divided by net income attributable to the shareholders of the parent; IAS 19 (rev.2011) applied since 2012

5) Outlook 2016PC & LT Production by Quarter

Source: IHS and own estimates, Europe excluding Kazakhstan and Uzbekistan

5) Outlook 2016Market Outlook for Major Regions 2016

Commercial Vehicle2Prod. (k units)

1Passenger car and light truck <6t

2 Heavy vehicles >6t3

Passenger car & light truck replacement

4Commercial vehicle replacement (radial and biased) Preliminary FY 2015 Results – March 3, 2016

EDMR – Equity and Debt Markets Relations30

5) Outlook 2016Continental Corporation

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6) Medium Term Outlook

More than €50 bn in Sales and >20% ROCE by 2020

1Passenger car and light truck

Thank you!

Official Sponsor of the UEFA European Football Championship™

Disclaimer

  • › This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the Annual PressConference and the Analyst and Investor Call on March 3, 2016, and the subsequent road shows in Europe andNorth America. It has not been independently verified. It does not constitute an offer, invitation or recommendation topurchase 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 thepurchase or sale of such shares or other securities whatsoever.
  • › Neither Continental Aktiengesellschaft nor any of its affiliates, advisors or representatives shall have any liabilitywhatsoever (in negligence or otherwise) for any loss that may arise from any use of this presentation or its contentsor otherwise arising in connection with this presentation.
  • › This presentation includes assumptions, estimates, forecasts and other forward-looking statements, includingstatements about our beliefs and expectations regarding future developments as well as their effect on the results of Continental. These statements are based on plans, estimates and projections as they are currently available to the management of Continental. Therefore, these statements speak only as of the date they are made, and weundertake no obligation to update publicly any of them in light of new information or future events. Furthermore, although the management is of the opinion that these statements, and their underlying beliefs and expectations, arerealistic or of the date they are made, no guarantee can be given that the expected developments and effects will actually occur. Many factors may cause the actual development to be materially different from the expectationsexpressed here. Such factors include, for example and without limitation, changes in general economic and businessconditions, fluctuations in currency exchange rates or interest rates, the introduction of competing products, the lackof acceptance for new products or services and changes in business strategy.
  • › All statements with regard to markets or market position(s) of Continental or any of its competitors are estimates of Continental based on data available to Continental. Such data are neither comprehensive nor independently verified. Consequently, the data used are not adequate for and the statements based on such data are not meant to be anaccurate or proper definition of regional and/or product markets or market shares of Continental and any of theparticipants in any market.
  • › Unless otherwise stated, all amounts are shown in millions of euro. Please note that differences may arise as a result of the use of rounded amounts and percentages.

ContactEquity and Debt Markets Relations

Vahrenwalder Str. 930165 HanoverGermanye-mail: [email protected]

Rolf Woller

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

Ingrid Kampf

Assistant to the Head of IRRoadshow and Conference OrganizationPhone: +49 511 938 1163Fax: +49 511 938 1080e-mail: [email protected]

Michael Saemann

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

Klaus Paesler

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

Sabine Reese

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

Henry SchniewindAnalysts, Institutional InvestorsPhone: +49 511 938 1062e-mail: [email protected]

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

ContinentalFinancial Calendar

2016

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a
o
r
u
y		 A
i
l
2
8
2
0
1
7
p
r
,
Q
1
F
i
i
l
R
t
n
a
n
c
a
e
p
o
r		 M
2
0
1
7
a
y
f
H
l
Y
F
i
i
l
R
t
a
e
a
r
n
a
n
c
a
e
p
o
r		 A
2
0
1
t
7
u
g
u
s
N
i
M
h
F
i
i
l
R
t
t
n
e
o
n
n
a
n
c
a
e
p
o
r		 N
b
2
0
1
7
o
v
e
m
e
r

ContinentalShare Data / ADR Data

Share Data

f
T
h
p
e
o
s
a
r
e
y		 N
l
h
o
-p
a
r
a
e
s
a
r
e
v
u
B
l
b
T
i
k
o
o
m
e
r
g
c
e
r		 C
O
N
R
T
i
k
t
e
u
e
r
s
c
e
r		 C
O
N
G
G
S
i
I
d
i
f
i
i
N
b
(
W
K
N
)
t
t
t
e
r
m
a
n
e
c
u
r
y
e
n
c
a
o
n
u
m
e
r		 5
4
3
9
0
0
I
S
I
N
N
b
u
m
e
r		 D
E
0
0
0
5
4
3
9
0
0
4
S
h
d
i
D
b
3
1,
2
0
1
5
t
t
t
a
r
e
s
o
u
s
a
n
n
g
a
s
a
e
c
e
m
e
r		 2
0
0
0
0
5
9
8
3
,
,

ADR Data

R
i
(
d
i
h
A
D
R
)
t
a
o
o
r
n
a
r
y
s
a
r
e
:		 1
5
:
B
l
b
T
i
k
o
o
m
e
r
g
c
e
r		 C
T
T
A
Y
R
T
i
k
t
e
u
e
r
s
c
e
r		 C
T
T
A
Y
P
K
S
I
I
N
N
b
m
e
r
u		 S
U
2
1
0
1
2
0
0
0
7
7
A
D
R
L
l
e
e
v		 L
l
1
e
e
v
E
h
x
c
a
n
g
e		 O
T
C
S
p
o
n
s
o
r		 D
h
B
k
T
C
A
i
t
t
e
u
s
c
e
a
n
r
u
s
o
m
p
a
n
y
m
e
r
c
a
s

ContinentalBond Data

Iss
ue
r		 Co
Gu
nt
i-
i
F
ina
B.
V.
mm
nc
e
,
1
Ne
he
lan
ds
t
r		 Co
ine
l
A
G
nt
nta		 Co
ine
l
A
G
nt
nta		 Co
f
nt
ine
nta
l
Ru
b
be
r o
1
Co
Am
ica
er
rp
,
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		 €
7
5
0 m
n		 €
7
5
0 m
n		 €
5
0
0 m
n
O
f
fe
ing
ice
r
p
r		 9
9.
5
9
5
%		 9
8.
9
5
0
%		 9
9.
2
2
8
%		 9
9.
7
3
9
%
Ra
ing
iss
da
t
t
te
a
ua
nc
e		 4)
Ba
1
(
Mo
dy
's
o
B
B
(
S
&
P
)
2)
B
B
B
(
F
itc
h		 4)
Ba
2
(
Mo
dy
's
o
B
B
(
S
&
P
)
2)
B
B
(
F
itc
h		 4)
Ba
1
(
Mo
dy
's
o
B
B
(
S
&
P
)
2)
B
B
B
(
F
itc
h		 B
B
B
(
S
&
P
)
B
B
B
(
F
itc
h
)
Cu
io
t c
t
rre
n
or
p
or
a
n
3
d
bo
d
in
t
an
n
ra
g
s		 B
B
B
(
F		 i
h
),
B
B
B
(
S
&
P
),
Ba
1
(
M
tc
a
oo		 4)
dy
's
Co
up
on		 2.
%
5
p.
a.		 3.
0
%
p.
a.		 3.
1
2
%
5
p.
a.		 0.
%
5
p.
a.
Iss
da
te
ue		 Se
be
1
9,
2
0
1
3
te
p
m
r		 Ju
ly
1
6,
2
0
1
3		 Se
be
9,
2
0
1
3
te
p
m
r		 No
be
1
9,
2
0
1
5
ve
m
r
Ma
ity
tu
r		 Ma
h
2
0,
2
0
1
7
rc		 Ju
ly
1
6,
2
0
1
8		 Se
be
9,
2
0
2
0
te
p
m
r		 Fe
br
1
9,
2
0
1
9
ua
ry
Int
t p
nt
er
es
ay
me		 An
l Ma
nu
a
h
2
0
rc		 Se
i a
l
m
nn
ua
Ja
1
6
/
Ju
ly
1
6
nu
ary		 An
l Se
nu
a
be
9
te
p
m
r		 An
l Fe
nu
a
br
ing
1
9,
ua
ry
co
mm
en
c
Fe
br
2
0,
2
0
1
7
on
ua
ry
W
K
N		 A
1
V
C
6
B		 A
1
X
2
4
V		 A
1
X
3
B
7		 A
1
Z
7
C
3
I
S
I
N		 X
S
0
9
7
2
7
1
9
4
1
2		 X
S
0
9
5
3
1
9
9
6
3
4		 X
S
0
9
6
9
3
4
4
0
8
3		 D
E
A
Z
C
0
0
0
1
7
3
9
De
ina
io
t
no
m
n		 €
1,
0
0
0 w
it
h m
in.
da
b
le
tr
a
€
1,
0
0
0
nt
am
ou		 €
1,
0
0
0 w
it
h m
in.
da
b
le
tr
a
€
1,
0
0
0
nt
am
ou		 €
1,
0
0
0 w
it
h m
in.
da
b
le
tr
a
€
1,
0
0
0
nt
am
ou		 €
1,
0
0
0 w
it
h m
in.
da
b
le
tr
a
€
1,
0
0
0
nt
am
ou

Guaranteed by Continental AG

2Non-contracted rating at date of issuance

3Fitch since July 15, 2013; S&P since December 6, 2013; Moody&#r>x27;se
since June 30, 2015

4Non-contracted rating since February 1, 2014

Back-up

7) Back-upCorporation Highlights FY 2015

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

Before amortization of intangibles from PPA, consolidation and special effects

2Amortization of intangibles from PPA, tax rate of 28% applied for EPS calculation

3Attributable to the shareholders of the parent

7) Back-upOverview of Volume Development

Un
its
(
Y
O
Y
ha
)
c
ng
e		 Q
1
/
1
4		 H
1
/
1
4		 9
M
/
1
4		 F
Y
1
4		 Q
1
/
1
5		 H
1
/
1
5		 9
M
/
1
5		 F
Y
1
5
fo
C
ion
Ma
ke
t
da
ta
P
&
L
T
du
ct
r
r
p
ro
E
U		 9
%		 6
%		 4% 3
%		 4% 3
%		 4% 4%
N
A
F
T
A		 %
5		 4% %
5		 %
5		 1% 2% 3
%		 3
%
E
U a
d
N
A
F
T
A c
b
ine
d
n
om		 7% 5
%		 5
%		 4% 3
%		 3
%		 3
%		 3
%
W
l
dw
i
de
or		 %
5		 4% 4% 3
%		 2% 1% 1% 1%
Co
ine
l
nt
nta
(
S
C
)
E
lec
ic
b
i
l
ity
l
E
tro
sta
ntr
n
co
o		 14
%		 12
%		 11
%		 12
%		 16
%		 14
%		 11
%		 11
%
S
An
i-
loc
k
bra
ke
(
A
B
)
t
ste
sy
m		 -13
%		 11
%
-		 16
%
-		 -19
%		 -3
4%		 3
1%
-		 3
0
%
-		 -24
%
Bo
ter
os
s		 8
%		 10
%		 6
%		 5
%		 -1% 4%
-		 8
%
-		 -7%
Ca
l
ip
ers		 7% 2% 1% 0
%		 -1% 0
%		 3
%
-		 -2%
(
S
)
A
dv
d
dr
ive
ist
A
D
A
ste
an
ce
r a
ss
an
ce
sy
ms		 5
3
%		 5
0
%		 47
%		 47
%		 46
%		 5
3
%		 5
9
%		 5
8
%
(
C
)
En
ine
lec
tro
ic
ntr
l u
its
E
Us
g
e
n
co
o
n		 7% 6
%		 6
%		 4% -1% 3
%
-		 5
%
-		 -5
%
In
j
tor
ec
s		 -3
%		 3
%
-		 5
%
-		 -5
%		 -8
%		 8
%
-		 11
%
-		 -1
1%
Tr
iss
ion
an
sm
s		 8
%		 8
%		 6
%		 6
%		 6
%		 2% 0
%		 -1%
Tu
bo
ha
r
c
rg
ers		 6
4%		 6
8
%		 71
%		 78
%		 5
9
%		 45
%		 5
0
%		 43
%
Ma
ke
da
ire
t
ta
t
r
s
C
P
&
L
T
lac
t t
ire
Eu
rep
em
en
s
rop
e		 6
%		 5
%		 4% 2% -1% 2% 0
%		 0
%
P
C
&
L
T
lac
ire
N
A
F
T
A
t t
rep
em
en
s		 7% 6
%		 5
%		 6
%		 -6
%		 0
%		 1% 1%
Co
ia
l v
h
ic
le
ire
O
E
Eu
t
mm
erc
e
s
rop
e		 1% 7%
-		 4%
-		 -7% 0
%		 4% 5
%		 5
%
Co
O
ia
l v
h
ic
le
t
ire
E
N
A
F
T
A
mm
erc
e
s		 6
%		 10
%		 12
%		 12
%		 21
%		 17
%		 12
%		 7%
Co
ia
l v
h
ic
le
lac
ire
Eu
t t
mm
erc
e
rep
em
en
s
rop
e		 15
%		 6
%		 3
%		 1% -4% 2% 1%
-		 0
%
Co
ia
l v
h
ic
le
lac
ire
N
A
F
T
A
t t
mm
erc
e
rep
em
en
s		 9
%		 9
%		 9
%		 8
%		 3
%		 5
%		 3
%		 3
%
Co
ine
l
nt
nta
P
C
&
L
T t
ire
s		 9
%		 6
%		 %
5		 3
%		 -1% 3
%		 2% %
5
Co
ia
l v
h
ic
le
ire
t
mm
erc
e
s		 13
%		 8
%		 %
5		 3
%		 -3
%		 0
%		 3
%		 %
5
Co
i
Te
h o
ic
les
h
nt
t
c
rg
an
sa
g
row		 %
5		 2% 2% 1% 2% 4% 4% 4%

7) Back-upWorldwide Supplier Ranking

Source: Company filings. Calendarized to December year-end. Based on average currency exchange rates 2015

Preliminary FY 2015 Results – March 3, 2016EDMR – Equity and Debt Markets Relations

43

7) Back-upCapex 2013 – 2015

7) Back-upCapex, Depreciation and EPS Breakdown FY 2015

Capex, Depreciation and PPA1-------------------------|----------|----------|----------|----------|----------|----------|----------|---------------|----------|----------|----------|----------|----------|----------|----------|--|
| | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |
| C&
(mn €)

EPS ex PPA1,2 (€)

Assuming corporate tax rate of 28%

7) Back-up Major Focus on Costs

Cost comparison 2008 to 2015

  • Cost of sales declined by 630 bps
  • R&D expenses as % of sales maintained on high level and increased in absolute terms to €2.4 bn
  • Selling and logistics costs up by70 bps mainly due to expansion of tire distribution channels
  • Administrative costs down by 80 bps

Cost as percentage of consolidated sales

1IAS 19 (rev. 2011) applied

7) Back-up Investment Grade Rating Confirmed Despite Acquisitions

›Continental's current credit rating is:

  • Fitch since September 5, 2014: BBB, outlook positive
  • ›S&P since May 20, 2015: BBB, outlook positive
  • ›Moody's since June 30, 2015: Baa1, outlook stable
  • Continental's mid term targets:
  • ›Rating: BBB / BBB+
  • Gearing ratio: <20%
  • ›Equity ratio: well above 35%
  • ›Leverage ratio1--------|---------|-------------------|-------------------------|-------------------|--------------|
    | | Q
    : well below 1.00x

Leverage covenant ratio as defined in syndicated loan agreement; IAS 19 (rev. 2011) applied for 2015

2IAS 19 (rev. 2011) applied for 2015

7) Back-up Cash Flow Overview

Cash Flow 2014 – 2015 (mn €)

7) Back-up Gross Indebtedness by Source at YE 2015 (mn €)

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

7) Back-up

Key Historical Credit Metrics – IAS 19 (rev. 2011) applied6 | -2

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

1 Amounts shown may contain rounding differences

2Adjusted EBITDA starting 2010 as defined in syndicated loan but IAS 19 (rev. 2011) not applied in 2012

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

4Includes dividends received, income from at-equity accounted and other investments incl. impairments, gains and losses from disposals, other

non-cash items as well as changes in pension and similar obligations and in other assets and liabilities

5Adj. EBITDA to net cash interest paid

6Since 2012

7) Back-upAutomotive Group Financials – Chassis & Safety

  • › Sales increased by 5.1% before consolidation and FX effects
  • › EBITDA increased by €142.2 mn to €1,160.3 mn (+14.0%)
  • › Adj. EBIT1f
    increased by €106.8 mn to €817.2 mn (adj. EBIT1br> margin 9.7%)
  • › EBIT increased by €134.1 mn to €814.3 mn (EBIT margin 9.6%)
  • ›PPA effect in 2015: -€0.8 mn
  • ›Special effects in 2015: +€0.1 mn

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

7) Back-upAutomotive Group Financials – Powertrain

  • › Sales increased by 0.3% before consolidation and FX effects
  • › EBITDA increased by €287.4 mn to €730.7 mn (+64.8%)
  • › Adj. EBIT1tatement of Financial Position – Total Equity and Liabilities

| in
increased by €164.1 mn to €424.6 mn (adj. EBIT1es

| in
margin 6.1%)
- › EBIT increased by €492.4 mn to €395.6 mn (EBIT margin 5.6%)
- ›PPA effect in 2015: -€8.2 mn
- ›Special effects in 2015: -€0.9 mn

Powertrain FY 2015

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

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

7) Back-upAutomotive Group Financials – Interior

  • › Sales increased by 8.3% before consolidation and FX effects
  • › EBITDA increased by €135.9 mn to €1,082.2 mn (+14.4%)
  • › Adj. EBIT1> increased by €115.9 mn to €824.3 mn (adj. EBIT1br> margin 10.2%)
  • › EBIT increased by €198.6 mn to €804.5 mn (EBIT margin 9.9%)
  • ›PPA effect in 2015: -€17.4 mn
  • ›Special effects in 2015 : +€3.2 mn

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

7) Back-upRubber Group Financials – Tires

  • › Sales increased by 1.0% before consolidation and FX effects
  • › EBITDA increased by €323.5 mn to €2,604.3 mn (+14.2%)
  • › Adj. EBIT1br> increased by €252.4 mn to €2,109.0 mn (adj. EBIT1r> margin 20.4%)
  • › EBIT increased by €255.8 mn to €2,085.2 mn (EBIT margin 20.0%)
  • ›PPA effect in 2015: -€7.8 mn
  • ›Special effects in 2015: -€4.2 mn

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

7) Back-upTires – Passenger and Light Truck Tire Demand

Replacement Tire Demand Development for PC & LT Europe

Replacement Tire Demand Development for PC & LT NAFTA

U.S. Department of Transportation

7) Back-upTires – Commercial Vehicle Tire Demand

Replacement Tire Demand for Truck Tires Europe

Replacement Tire Demand for Truck Tires NAFTA

7) Back-upRubber Group Financials – ContiTech

  • › Sales increased by 3.9% before consolidation and FX effects
  • › EBITDA increased by €25.4 mn to €577.2 mn (+4.6%)
  • › Adj. EBIT1 fr
    decreased by €2.2 mn to €435.0 mn (adj. EBIT1in
    margin 10.4%)
  • › EBIT decreased by €262.7 mn to €170.6 mn (EBIT margin 3.2%)
  • ›PPA effect in 2015: -€103.7 mn
  • › Special effects in 2015: -€113.7 mn
  • ›Restructuring Salzgitter -€15.7 mn
  • ›Closure Bowmanville -€19.9 mn
  • ›Restructuring Tianjin -€8.2 mn
  • › Asset impairments Conveyor Belt Group -€71.9 mn

ContiTech FY 2015

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

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

Fact Sheets 2013 2015sh e

)
7		 S
F
h
t
t
a
c
e
e
s
Q
S
l
l
A
l
i
t
a
r
e
r
a
e
s
n
a
s
s
u
y
y

Changes Y-o-Y in %

C&SPowertrainInteriorTiresContiTechContinental Corporation

s Y
Y i
n %
ge
-o-		 20
14		 20
15
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
4.8 0.4 1.3 7.1 3.4 13
.7		 14
.6		 9.6 11
.7		 12
.4
3.5 0.5
-		 5.0 7.1 3.7 15
.7		 13
.9		 1.1 5.2 8.8
4.9 0.6 7.0 11
.8		 6.0 16
.2		 18
.6		 17
.5		 13
.6		 16
.5
4.3 -0.
5		 3.2 1.6 2.1 4.4 9.9 3.8 7.5 6.4
3.4 2.0
-		 1.8 2.4 1.4 30
.3		 45
.0		 35
.9		 35
.0		 36
.5
l C
ion
nta
rat
ne
or
po		 4.4 0.2
-		 3.8 6.1 3.5 14
.0		 17
.6		 10
.9		 12
.3		 13
.7

7) Fact SheetsQuarterly EBITDA Analysis

EB
ITD
A
(m
n €
)		 20
13		 20
14		 20
15
Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY
C&
S		 24
1.8		 25
0.3		 24
5.8		 25
2.3		 99
0.2		 25
4.0		 24
2.0		 26
2.0		 26
0.1		 1,
01
8.1		 29
7.3		 29
3.4		 26
8.3		 30
1.3		 1,
16
0.3
Po
ain
rtr
we		 15
8.9		 16
8.5		 16
0.7		 16
2.1		 65
0.2		 15
7.0		 12
5.3		 11
.9
-		 17
2.9		 44
3.3		 17
7.2		 18
3.5		 16
7.3		 20
2.7		 73
0.7
ior
Int
er		 20
2.1		 22
0.1		 21
4.5		 21
3.5		 85
0.2		 22
3.2		 24
4.5		 22
9.7		 24
8.9		 94
6.3		 25
2.9		 29
9.8		 25
2.4		 27
7.1		 1,
08
2.2
Tir
es		 45
9.2		 53
3.2		 59
0.9		 55
4.4		 2,
13
7.7		 54
5.4		 59
1.9		 60
3.5		 54
0.0		 2,
28
0.8		 57
9.7		 73
4.6		 66
7.7		 62
2.3		 2,
60
4.3
Co
nti
Te
ch		 13
5.9		 15
7.5		 13
9.7		 14
3.2		 57
6.3		 14
3.7		 13
2.9		 14
4.7		 13
0.5		 55
1.8		 12
9.2		 16
9.1		 15
9.7		 11
9.2		 57
7.2
Ot
he
r /
Co
oli
da
tio
ns
n		 -28
.5		 19
.7
-		 29
.1
-		 32
.3
-		 10
9.6
-		 27
.5
-		 26
.6
-		 24
.7
-		 27
.7
-		 10
6.5
-		 33
.1
-		 47
.1
-		 23
.7
-		 49
.4
-		 15
3.3
-
Co
nti
l C
ion
nta
rat
ne
or
po		 1,
16
9.4		 1,
30
9.9		 1,
32
2.5		 1,
29
3.2		 5,
09
5.0		 1,
29
5.8		 1,
31
0.0		 1,
20
3.3		 1,
32
4.7		 5,
13
3.8		 1,
40
3.2		 1,
63
3.3		 1,
49
1.7		 1,
47
3.2		 6,
00
1.4
in
in
EB
ITD
A
%
ma
rg		 20
13		 20
14		 20
15
Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY
C&
S		 13
.5		 13
.5		 13
.7		 13
.9		 13
.6		 13
.5		 13
.0		 14
.4		 13
.4		 13
.5		 13
.9		 13
.7		 13
.4		 13
.9		 13
.7
Po
ain
rtr
we		 10
.4		 10
.5		 10
.3		 10
.3		 10
.4		 9.9 7.8 0.7
-		 10
.3		 6.8 9.7 10
.1		 10
.1		 11
.5		 10
.3
Int
ior
er		 12
.5		 12
.8		 13
.3		 12
.9		 12
.9		 13
.1		 14
.1		 13
.3		 13
.5		 13
.5		 12
.8		 14
.6		 12
.4		 13
.2		 13
.3
Tir
es		 20
.7		 22
.0		 23
.8		 22
.5		 22
.3		 23
.5		 24
.6		 23
.6		 21
.6		 23
.3		 24
.0		 27
.8		 25
.2		 23
.1		 25
.0
Co
nti
Te
ch		 14
.4		 15
.8		 14
.5		 14
.7		 14
.9		 14
.8		 13
.6		 14
.8		 13
.1		 14
.0		 10
.2		 11
.9		 12
.0		 8.8 10
.8
Co
nti
l C
ion
nta
rat
ne
or
po		 14
.6		 15
.3		 15
.8		 15
.4		 15
.3		 15
.4		 15
.4		 13
.9		 14
.9		 14
.9		 14
.7		 16
.3		 15
.5		 14
.7		 15
.3
Ch
Y-
o-Y
in
%
an
g
es		 20
14		 20
15
Q
1		 Q
2		 Q
3		 Q
4		 FY Q
1		 Q
2		 Q
3		 Q
4		 FY
C&
S		 5.0 3.3
-		 6.6 3.1 2.8 17
.0		 21
.2		 2.4 15
.8		 14
.0
ain
Po
rtr
we		 -1.
2		 25
.6
-		 10
7.4
-		 6.7 31
.8
-		 12
.9		 46
.4		 1,
50
5.9		 17
.2		 64
.8
Int
ior
er		 10
.4		 11
.1		 7.1 16
.6		 11
.3		 13
.3		 22
.6		 9.9 11
.3		 14
.4
Tir
es		 18
.8		 11
.0		 2.1 2.6
-		 6.7 6.3 24
.1		 10
.6		 15
.2		 14
.2
Co
nti
Te
ch		 5.7 15
.6
-		 3.6 8.9
-		 4.3
-		 10
.1
-		 27
.2		 10
.4		 8.7
-		 4.6
Co
nti
l C
ion
nta
rat
ne
or
po		 10
.8		 0.0 9.0
-		 2.4 0.8 8.3 24
.7		 24
.0		 11
.2		 16
.9

7) Fact SheetsQuarterly EBIT Analysis

EB
IT
(m
n €
)		 20
13		 20
14		 20
15
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
C&
S		 15
5.3		 16
2.7		 15
5.1		 12
5.8		 59
8.9		 17
2.3		 15
9.3		 17
9.5		 16
9.1		 68
0.2		 21
4.9		 20
9.3		 18
1.5		 20
8.6		 81
4.3
Po
rtr
ain
we		 52
.1		 58
.3		 49
.5		 19
.6		 17
9.5		 64
.5		 32
.9		 26
3.3
-		 69
.1		 96
.8
-		 96
.7		 10
1.0		 81
.3		 11
6.6		 39
5.6
Int
ior
er		 95
.7		 11
2.5		 104
.4		 68
.0		 38
0.6		 13
7.8		 154
.7		 144
.8		 16
8.6		 60
5.9		 19
0.9		 23
4.1		 17
8.7		 20
0.8		 80
4.5
Tir
es		 36
5.2		 44
0.3		 49
4.6		 45
2.6		 1,
75
2.7		 44
0.7		 48
2.4		 48
6.8		 41
9.5		 1,
82
9.4		 45
4.0		 60
4.1		 53
6.5		 49
0.6		 2,
08
5.2
Co
nti
Te
ch		 10
7.7		 12
9.2		 11
1.8		 11
3.4		 46
2.1		 11
5.5		 104
.3		 11
5.1		 98
.4		 43
3.3		 54
.9		 82
.3		 80
.6		 47
.2
-		 17
0.6
Ot
he
r /
Co
oli
da
tio
ns
n		 -28
.6		 19
.8
-		 29
.1
-		 32
.6
-		 11
0.1
-		 27
.6
-		 26
.7
-		 25
.1
-		 27
.8
-		 10
7.2
-		 33
.5
-		 47
.5
-		 24
.0
-		 49
.6
-		 154
.6
-
Co
nti
l C
ion
nta
rat
ne
or
po		 74
7.4		 88
3.2		 88
6.3		 74
6.8		 3,
26
3.7		 90
3.2		 90
6.9		 63
7.8		 89
6.9		 3,
34
4.8		 97
7.9		 1,
18
3.3		 1,
03
4.6		 91
9.8		 4,
11
5.6
in
in
EB
IT
%
ma
rg		 20
13		 20
14		 20
15
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
C&
S		 8.7 8.7 8.6 6.9 8.2 9.2 8.5 9.8 8.7 9.1 10
.1		 9.8 9.1 9.6 9.6
Po
ain
rtr
we		 3.4 3.6 3.2 1.3 2.9 4.1 2.1 16
.1
-		 4.1 1.5
-		 5.3 5.6 4.9 6.6 5.6
Int
ior
er		 5.9 6.5 6.5 4.1 5.8 8.1 8.9 8.4 9.1 8.7 9.7 11
.4		 8.8 9.6 9.9
Tir
es		 16
.4		 18
.2		 20
.0		 18
.4		 18
.3		 19
.0		 20
.1		 19
.0		 16
.8		 18
.7		 18
.8		 22
.8		 20
.2		 18
.2		 20
.0
Co
nti
Te
ch		 11
.4		 12
.9		 11
.6		 11
.6		 11
.9		 11
.9		 10
.7		 11
.7		 9.8 11
.0		 4.3 5.8 6.1 3.5
-		 3.2
Co
l C
nti
nta
rat
ion
ne
or
po		 9.3 10
.3		 10
.6		 8.9 9.8 10
.8		 10
.6		 7.4 10
.1		 9.7 10
.2		 11
.8		 10
.8		 9.2 10
.5
Ch
s Y
Y i
n %
an
ge
-o-		 20
14		 20
15
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
C&
S		 10
.9		 2.1
-		 15
.7		 34
.4		 13
.6		 24
.7		 31
.4		 1.1 23
.4		 19
.7
Po
ain
rtr
we		 23
.8		 43
.6
-		 63
1.9
-		 25
2.6		 15
3.9
-		 49
.9		 20
7.0		 13
0.9		 68
.7		 50
8.7
Int
ior
er		 44
.0		 37
.5		 38
.7		 14
7.9		 59
.2		 38
.5		 51
.3		 23
.4		 19
.1		 32
.8
Tir
es		 20
.7		 9.6 1.6
-		 7.3
-		 4.4 3.0 25
.2		 10
.2		 16
.9		 14
.0
Co
nti
Te
ch		 7.2 19
.3
-		 3.0 13
.2
-		 6.2
-		 52
.5
-		 21
.1
-		 30
.0
-		 14
8.0
-		 60
.6
-
Co
nti
l C
ion
nta
rat
ne
or
po		 20
.8		 2.7 28
.0
-		 20
.1		 2.5 8.3 30
.5		 62
.2		 2.6 23
.0
1 m
A
d
j
d
E
B
I
T
in
in
%
te
us
ar
g		 2
0
1
4		 2
0
1
5
Q
1		 Q
2		 Q
3		 Q
4		 F
Y		 Q
1		 Q
2		 Q
3		 Q
4		 F
Y
C
S
&		 9.
5		 8.
9		 1
0.
2		 9.
2		 9.
5		 1
0.
1		 9.
8		 9.
1		 9.
7		 9.
7
Po
in
tra
we
r		 5.
3		 5.
3		 0.
4		 5.
0		 4.
0		 5.
8		 6.
8		 5.
2		 6.
5		 6.
1
In
io
te
r
r		 9.
6		 1
1.
0		 9.
7		 1
0.
1		 1
0.
1		 9.
7		 1
1.
4		 9.
2		 1
0.
6		 1
0.
2
T
ire
s		 1
9.
1		 2
0.
1		 2
0.
0		 1
6.
8		 1
9.
0		 1
9.
2		 2
3.
4		 2
0.
4		 1
8.
5		 2
0.
4
Co
i
Te
h
t
n
c		 1
1.
9		 1
0.
7		 1
2.
0		 1
0.
0		 1
1.
1		 1
1.
6		 1
1.
3		 1
0.
3		 8.
4		 1
0.
4
Co
Co
in
l
io
t
ta
t
n
en
rp
or
a
n		 1
1.
4		 1
1.
8		 1
1.
1		 1
0.
6		 1
1.
2		 1
1.
4		 1
3.
0		 1
1.
6		 1
1.
1		 1
1.
8
Y-
Y
in
%
es
o-		 2
0
1
5
Q
1		 Q
2		 Q
3		 Q
4		 F
Y
2
0.		 2
2
5.
7		 2.
4
-		 1
8.
1		 1
5.
0
2
2.		 1
4
0.
7		 1,
1
0
4.
2		 3
2
7.		 6
3.
0
1
7.		 6
2
2.
8		 9.
3		 1
5.
0		 1
6.
4
4. 1
2
6.
8		 5.
8		 1
7.
8		 1
3.
6
3. 2
1
5.
7		 9.
8
-		 1
0.
9
-		 0.
5
-
1
0.		 4
2
4.
5		 1
1.
4		 1
4.
2		 1
5.
3

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

7) Fact SheetsConsolidated Statement of Income

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

1

Including interest effects of pension obligations, of other long-term employee benefits, and of pension funds. In 2013, the resulting income was reported under interest expense; the comparative figures for 2013 have been adjusted accordingly

7) Fact SheetsConsolidated Statement of Financial Position – Assets

in
€
i
l
l
ion
m
s		 De
3
1,
2
0
1
5
c.		 De
3
1,
2
0
1
4
c.
Go
dw
i
l
l
o		 6,
6
4
0.
6		 6
9.
1
5,
7
Ot
he
int
i
b
le
ts
r
an
g
as
se		 1,
3
3
6.
4		 4
4
3.
3
Pr
lan
d e
ip
ert
t a
nt
op
y,
p
n
q
u
me		 9,
5
3
8.
9		 8,
4
4
6.
4
Inv
tm
t p
ert
es
en
rop
y		 1
6.
0		 17
.5
Inv
in
ity
d
inv
tm
ts
at-
te
tee
es
en
eq
u
ac
co
un
es
s		 3
45
8		 2
9
8.
5
Ot
he
inv
tm
ts
r
es
en		 1
4.
1		 1
0.
7
De
fer
d t
ts
re
ax
as
se		 1,
6
6
9.
7		 1,
5
7
3.
4
De
f
ine
d
be
f
it a
ets
ne
ss		 1
8.
9		 1.
6
Lo
-te
de
iva
t
ive
ins
tru
nts
d
int
st-
be
ing
inv
tm
ts
ng
rm
r
me
an
ere
ar
es
en		 17
1		 3
0
1.
2
f
Lo
-te
ot
he
ina
ia
l a
ets
ng
rm
r
nc
ss		 47
6		 4
1.
9
Lo
he
-te
ot
ets
ng
rm
r a
ss		 2
1.5		 1
9.
7
No
nt
ts
n-
cu
rre
as
se		 1
9,
6
6
6.
6		 1
6,
9
2
3.
3
Inv
ies
tor
en		 3,
3
6
0.
1		 2,
9
8
7.
6
Tr
de
iva
b
le
ts
a
ac
co
un
rec
e		 6,
7
2
2.
9		 5,
8
4
6.
2
S
ho
he
f
ina
ia
l a
rt-t
ot
ets
er
m
r
nc
ss		 4
3
4.7		 3
8
2.5
S
ho
he
rt-t
ot
ets
er
m
r a
ss		 8
0
3.
9		 3
1.
3
7
Inc
iva
b
les
e t
om
ax
re
ce		 1
4
9.
7		 6
0.
3
S
ho
de
iva
ive
ins
d
int
be
ing
inv
rt-t
t
tru
nts
st-
tm
ts
er
m
r
me
an
ere
ar
es
en		 6
4.
3		 6
3.
1
Ca
h a
d c
h e
iva
len
ts
s
n
as
q
u		 1,
6
2
1.5		 3,
2
4
3.
8
As
he
l
d
for
le
ts
se
sa		 1
2.
0		 3.
0
Cu
nt
ts
rre
as
se		 1
3,
1
6
9.
1		 1
3,
3
1
7.
8
To
ta
l a
ets
ss		 3
2,
8
3
5.
7		 3
0,
2
4
1.
1

7) Fact Sheets

Consolidated Statement of Financial Position – Total Equity and Liabilities

in
€
i
l
l
ion
m
s		 De
3
1,
2
0
1
5
c.		 De
3
1,
2
0
1
4
c.
Su
bs
i
be
d c
ita
l
cr
ap		 1
2.
0
5		 1
2.
0
5
Ca
ita
l re
p
se
rve
s		 4,
1
5
5.
6		 4,
1
5
5.
6
Re
ine
d e
ing
ta
ar
n
s		 9,
4
8
1.
8		 7,
4
0
4.
3
O
he
he
ive
inc
t
r c
om
p
re
ns
om
e		 -1
3
6
3.
1
,		 1,
3
9
9.
8
-
Eq
ity
i
bu
b
le
he
ha
ho
l
de
f t
he
t
tr
ta
to
t
t
u
a
s
re
rs
o
p
ar
en		 1
2,
8
6.
3
7		 1
0,
6
2.
1
7
No
tro
l
l
ing
int
ts
n-c
on
er
es		 4
2
7.
6		 3
5
2.
5
To
l e
ity
ta
q
u		 1
3,
2
1
3.
9		 1
1,
0
2
4.
6
Pr
is
ion
for
ion
l
ia
b
i
l
it
ies
d s
im
i
lar
b
l
ig
ion
t
ov
s
p
en
s
an
o
a
s		 3,
5
3
2.
7		 3,
4
8
3.
7
De
fer
d
l
ia
b
i
l
it
ies
tax
re		 3
6
1.
2		 1
7
8.
5
Lo
is
ion
for
he
is
ks
d o
b
l
ig
ion
-te
t
t
ng
rm
p
rov
s
o
r r
an
a
s		 3
0
1.
5		 3
0
6.
3
Lo
in
de
b
dn
-te
te
ng
rm
es
s		 3,
1
0
7
5.		 0
4
5,
7
7.
f
Lo
-te
t
he
ina
ia
l
l
ia
b
i
l
it
ies
ng
rm
o
r
nc		 9
4.
9		 4
8.
7
Lo
he
l
ia
b
i
l
it
ies
-te
t
ng
rm
o
r		 5
5.
7		 4
6.
4
ia
i
it
ies
No
nt
l
b
l
n-
cu
rre		 7,
5
2
1.
0		 9,
1
4
1.
0
Tr
de
b
le
ts
a
ac
co
un
p
ay
a		 5,
4
9
3.
8		 4,
8
6
1.
6
Inc
b
les
tax
om
e
p
ay
a		 7
1
9.
8		 5
7
7.
3
S
ho
is
ion
for
he
is
ks
d o
b
l
ig
ion
rt-t
t
t
er
m
p
rov
s
o
r r
an
a
s		 8
4
5.
5		 3
2.
7
7
S
ho
in
de
b
dn
rt-t
te
er
m
es
s		 2,
0
6
9.
8		 1,
3
5
4.
2
S
ho
he
f
ina
ia
l
l
ia
b
i
l
it
ies
rt-t
t
er
m
o
r
nc		 1,
9
6
8.
7		 1,
6
4
9.
2
S
ho
he
l
ia
b
i
l
it
ies
rt-t
t
er
m
o
r		 1,
0
0
1.
2		 9
0
0.
2
L
ia
b
i
l
it
ies
he
l
d
for
le
sa		 2.
0		 0.
3
Cu
l
ia
b
i
l
it
ies
nt
rre		 1
2,
1
0
0.
8		 1
0,
0
7
5.
5
To
l e
ity
d
l
ia
b
i
l
it
ies
ta
q
u
an		 3
2,
8
3
5.
7		 3
0,
2
4
1.
1

7) Fact SheetsConsolidated Statement of Cash Flows

in €
mi
llio
ns		 5
201		 201
4
Net
inc
ome		 2,77
9.6		 2,4
57.5
Inco
tax
me
exp
ens
e		 1,09
0.4		 622
.0
Net
inte
ult
rest
res		 245
.6		 265
.3
EBI
T		 4,11
5.6		 3,3
44.8
Inte
rest
pai
d		 -204
.6		 -18
5.9
Inte
eive
d
rest
rec		 31.1 28.
2
Inco
tax
paid
me		 -1,0
15.3		 -77
5.0
Divid
end
ceiv
ed
s re		 48.0 33.
7
Dep
reci
atio
tiza
tion
, im
pair
d re
al o
f im
pair
t los
t an
n, a
mor
men
vers
men
ses		 1,88
5.8		 1,7
89.0
Inco
from
quit
nted
and
oth
er in
ts, i
ncl.
imp
airm
and
l of
imp
airm
loss
at-e
vest
ent
ent
me
y ac
cou
men
rev
ersa
es		 -62.
2		 71.
3
Gai
ns f
the
dis
al o
f as
sets
nies
and
bus
ines
erat
ions
rom
pos
, co
mpa
s op		 -16.
9		 -13
.6
Cha
s in
nge
inve
ntor
ies		 -59.
5		 -20
.1
trad
nts
ivab
le
e ac
cou
rece		 -447
.2		 -24
6.6
trad
able
nts
e ac
cou
pay		 400
.0		 59.
3
Pen
sion
and
sim
ilar
obli
gati
ons		 57.2 -20
.5
othe
and
liab
ilitie
sets
r as
s		 183
.6		 103
.7
Cas
h flo
risin
g fr
rati
ctiv
ities
w a
om
ope
ng a		 4,91
5.6		 4,1
68.3
Cas
h flo
w fr
the
disp
l of
, pla
nd e
quip
d in
ible
erty
nt a
t, an
tang
ets
om
osa
prop
men
ass		 35.7 86.
4
Cap
ital
end
iture
, pla
nd e
quip
d so
ftwa
erty
nt a
t, an
exp
on
prop
men
re		 -2,1
78.8		 -2,0
45.4
Cap
ital
end
iture
inta
ngib
le a
ts fr
deve
lopm
ent
proj
ects
and
mis
cella
exp
on
sse
om
neo
us		 -85.
8		 -64
.9
Cas
h flo
w fr
the
disp
l of
ies
and
bus
ines
ions
erat
om
osa
com
pan
s op		 13.8 -0.5
Acq
uisit
ion
of c
anie
d bu
sine
tion
omp
s an
ss o
pera
s		 -1,2
56.9		 -12
9.0
Cas
h flo
risin
g fr
inve
stin
tivit
ies
w a
om
g ac		 -3,4
72.0		 -2,1
53.4
Ca
sh
flow
be
for
e fi
cin
ctiv
itie
s (f
sh
flow
)
nan
g a
ree
ca		 1,44
3.6		 2,0
14.9
Cha
s in
sho
rt-te
rm d
ebt
nge		 -774
.1		 -32
3.2
Proc
eed
s fro
m th
e is
of l
deb
-term
t
sua
nce
ong		 549
.2		 1,5
65.0
Prin
cipa
l rep
long
deb
ents
-term
t
aym
on		 -2,1
33.4		 -1,6
04.6
Suc
sive
cha
ces
pur
ses		 -27.
3		 0.0
Divid
end
id
s pa		 -650
.0		 -50
0.0
Divid
end
id to
and
h ch
es f
ity t
acti
wit
h no
lling
inte
ntro
rest
s pa
cas
ang
rom
equ
rans
ons
n-co
s		 -62.
5		 -45
.5
Cas
h an
d ca
sh e
quiv
alen
ts a
risin
g fro
m fi
rst c
olid
atio
n of
sub
sidi
arie
ons
s		 0.5 0.4
Cas
h flo
risin
g fr
fina
ncin
tivit
ies
w a
om
g ac		 -3,0
97.6		 -90
7.9
Cha
in
h an
d ca
sh e
quiv
ale
nts
nge
cas		 -1,6
54.0		 1,1
07.0
Cas
h an
d ca
sh e
quiv
alen
Jan
1
ts a
s at
uary		 3,24
3.8		 2,0
44.8
Effe
f ex
ct o
cha
rate
cha
h an
d ca
sh e
quiv
alen
ts
nge
nge
s on
cas		 31.7 92.
0
Cas
h a
nd c
ash
uiva
lent
Dec
ber
31
at
eq
s as
em		 1,62
1.5		 3,2
43.8

7) Fact SheetsFY 2015 Results Reported and Adjusted (mn €) – by Division

Ch
Sa
sis
&
fet
as
y
20
14
20
15		 Po
rtra
in
we
20
14
20
15		 Int
eri
or
20
14
20
15		 Tir
20
14		 es
20
15		 Co
nti
20
14		 Te
ch
20
15		 Co
./C
ns
20
14		 orr
20
15		 Co
rpo
20
14		 rat
ion
20
15
Sa
les		 7,
51
4.9		 8,
44
9.7		 6,
49
4.3		 7,
06
8.5		 7,
00
2.5		 8,
154
.8		 9,
78
4.4		 10
40
8.8
,		 3,
93
1.2		 5,
36
7.8		 22
1.6
-		 21
7.6
-		 34
50
5.7
,		 39
23
2.0
,
EB
IT
in %
of
sale
s		 68
0.2
9.1
%		 81
4.3
9.6
%		 96
.8
-
-1.
5%		 39
5.6
5.6
%		 60
5.9
8.7
%		 80
4.5
9.9
%		 1,
82
9.4
18.
7%		 2,
08
5.2
20
.0%		 43
3.3
11
.0%		 170
.6
3.2
%		 107
.2
-		 154
.6
-		 3,
34
4.8
9.7
%		 4,
115
.6
10
.5%
Am
iza
tio
f in
ible
fro
PP
A
ort
tan
ts
n o
g
as
se
m		 25
.5		 0.8 64
.5		 8.2 92
.3		 17
.4		 5.5 7.8 6.2 103
.7		 0.0 0.0 194
.0		 13
7.9
ial
eff
To
tal
ts
sp
ec
ec		 4.7 0.1
-		 28
5.1		 0.9 10
.2		 3.2
-		 25
.6		 4.2 -2.
3		 113
.7		 0.0 0.0 32
3.3		 11
5.5
To
tal
oli
da
tio
ffe
cts
co
ns
n e		 0.0 2.2 7.7 19
.9		 0.0 5.6 3.9
-		 11
.8		 0.0 47
.0		 0.0 0.0 3.8 86
.5
To
tal
oli
da
tio
n &
ial
eff
ts
co
ns
sp
ec
ec		 4.7 2.1 29
2.8		 20
.8		 10
.2		 2.4 21
.7		 16
.0		 2.3
-		 160
.7		 0.0 0.0 32
7.1		 20
2.0
1
Ad
jus
ted
tin
ult
(a
dj.
EB
IT)
op
era
g r
es
in %
of
adju
d s
ales
ste		 71
0.4
9.5
%		 81
7.2
9.7
%		 26
0.5
4.0
%		 42
4.6
6.1
%		 70
8.4
10
.1%		 82
4.3
10
.2%		 1,
85
6.6
19.
0%		 2,
109
.0
20
.4%		 43
7.2
11
.1%		 43
5.0
10
.4%		 -10
7.2		 -15
4.6		 3,
86
5.9
11
.2%		 4,
45
5.5
11.8
%

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

7) Fact SheetsFY 2015 Results Reported and Adjusted (mn €) – by Group

Au
ive
to
t
mo		 Ru
b
be
r		 Co
/
Co
ns
rr.		 Co
ion
at
rp
or
20
14		 20
1
5		 20
14		 20
1
5		 20
14		 20
1
5		 20
14		 20
1
5
Sa
les		 20
9
0
9.
2
,		 5
5
23
74
,		 13
6
3
7.6
,		 5,
1
70
4.6		 41
.1
-		 47
.1
-		 5
5.
3
4,
0
7		 3
9,
23
2.0
E
B
I
T
in %
of
sal
es		 1,
18
9.
3
5.7
%		 2,
0
14
.4
8.5
%		 2,
26
2.7
16.
6%		 2,
2
5
5.
8
14.
4%		 10
7.2
-		 1
5
4.6
-		 3,
3
44
.8
9.7
%		 4,
11
5.
6
10.
5%
Am
t
iza
t
ion
f
int
i
b
le
ts
fro
P
P
A
or
o
an
g
as
se
m		 18
2.3		 26
.4		 11
.7		 11
1.
5		 0.
0		 0.
0		 19
4.0		 13
7.9
To
l s
ia
l e
f
fec
ta
ts
p
ec		 3
0
0.
0		 2.4
-		 23
.3		 11
7.9		 0.
0		 0.
0		 3
23
.3		 11
5.
5
f
fec
To
ta
l c
l
i
da
t
ion
ts
on
so
e		 7.7 27
.7		 3.
9
-		 5
8.
8		 0.
0		 0.
0		 3.
8		 8
6.
5
To
l c
l
i
da
ion
&
ia
l e
f
fec
ta
t
ts
on
so
sp
ec		 3
0
7.7		 2
5.
3		 19
.4		 17
6.
7		 0.
0		 0.
0		 3
27
.1		 20
2.0
1
j
ing
(
j.
)
A
d
te
d o
at
lt
d
E
B
I
T
us
p
er
re
su
a
of
in %
adj
ust
ed
sal
es		 1,
6
79
.3
8.0
%		 2,
0
6
6.
1
8.8
%		 2,
29
3.
8
16.
8%		 2,
5
44
.0
17.
6%		 10
7.2
-		 1
5
4.6
-		 3,
8
6
5.
9
11.
2%		 4,
4
5
5.
5
11.
8%

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

7) Fact SheetsShareholder Structure

Source: Based on publicly available data

7) Fact SheetsContinental's Credit Rating

2

3

Non-contracted rating since February 1, 2014

Contracted rating since November 7, 2013

EDMR – Equity and Debt Markets Relations71

ReferencesUseful Links

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