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Continental AG

Investor Presentation • Aug 2, 2018

83_ip_2018-08-02_87230fc3-d0ca-4baa-b9b8-84829028f6da.pdf

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H1 2018 ResultsHanover – August 2, 2018

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

Wolfgang Schaefer – CFO

Agenda

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8

At the Forefront to Capitalize on Rapidly Changing Market Environment

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

At the Forefront to Capitalize on Rapidly Changing Market Environment

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Transformation of Existing Organization – Holding Concept

Continental RubberPowertraincompanyTireTechnologies ContiTech Continental Group

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Transformation of Existing Organization – Powertrain IPO

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1) Realignment of Continental Powertrain

  • › Transformation of the Powertrain division into an independent group of legal entities with new management by the start of 2019
  • ›Andreas Wolf is to assume responsibility as CEO starting 2019
  • › New Powertrain will contain whole range of combustion engine business, all hybrid and electric drive systems as well as all current battery activities
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LTM = Last twelve months2 Passenger car and light truck production3LTS = Life time sales

H1 2018 Results – August 2, 2018

EDMR - Equity and Debt Market Relations

1) Realignment of Continental Continental Automotive

  • › Reorganize into business areas Autonomous Driving Technologies and Vehicle Networking Technologies
  • › Create strong central Automotive R&D function with up to 15,000 engineers
  • › Leverage R&D know-how for all advanced development and application engineering and ensure the sharing of knowledge and best practices
  • › Increase adoption of best practice standards
  • › In total, ADT and VNT can rely on more than 30,000 engineers to drive the change in autonomous driving and holistic connectivity

Driving

TAM: Total addressable market for Automated Driving and Holistic Connectivity

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Target Timeline

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

2) Corporation HighlightsMost Important KPIs for H1 2018

  • ›Sales up to €22.4 bn; organic sales growth at 5.4%; FX negative at €932 mn
  • › Adj. EBIT1 down by 5% to €2.2 bn; adj. EBIT1 margin at 10.0% (PPA2 -€85 mn and special effects -€1 mn)
  • NIAT3 amounted to €1.56 bn, up by 4%
  • Free cash flow amounted to €122 mn Free cash flow before acquisitions amounted to €296 mn
  • ›Gearing ratio at 17% and equity ratio at 43%

3

4

  • Value creation: trailing ROCE4 down slightly to 19.4%
  • Other topics:
  • Order intake in the Automotive Group increased to more than €20 bn in H1 2018
  • €750 mn bond with a coupon of 3.0% p.a. was meanwhile redeemed at maturity on July 16, 2018
  • About €165 mn cash out net of taxes for funding most US pension plans
  • Special effect 2018: About €160 mn positive in Interior, attributable to newly founded OSRAM Continental GmbH

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

2Amortization of intangibles from PPA. Attributable to the shareholders of the parent. Trailing ROCE is calculated as reported EBIT for the last twelve months (LTM) divided by average operating assets for the LTM.H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations10

Divisional Highlights for H1 2018

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

2) Corporation Highlights Selected Recent Press Clippings

Tech & Automotive Leaders Join Forces on Next-Generation In-Vehicle Networking Technologies for Autonomous and Connected Vehicles

Autonomous driving is creating a need for a new breed of invehicle networking solutions that can transmit data between the increasing number of high-resolution sensors, cameras and processing engines at blazing-fast speeds. Aquantia, Bosch, Continental, NVIDIA, and Volkswagen Group of America announced the formation of the Networking for Autonomous Vehicles (NAV) Alliance, to drive the ecosystem development required for the next generation of Multi-Gig Ethernet networking in vehicles.Go to press release

Continental Constructs New Greenfield Facility in Wuhu China to Further Expand Powertrain Product Portfolio in the Market

Continental celebrates groundbreaking of its greenfield facility in Wuhu, China, dedicated to powertrain components. The new production facility is located in the Wuhu Economy and Technology Development Zone, and covers an area of 80,000 square meters. With an initial investment of close to 28 million Euro for land and building, project phase I will cover a total land of around 20,000 square meters. Construction will start in the second quarter of 2018 with production scheduled for the third quarter of 2019.Go to press release

Successful on Eight Fronts: Continental Wins at theGerman Innovation Award 2018

Continental was honored with a total of eight prizes for its innovative products at the German Innovation Award. Vehicle interior solutions were the recipients of three awards (3D Touch Surface Display and the two-finger touch gestures, Intelligent Glass Control, which darkens the vehicle glazing). Four awards went to pioneering surface materials (breathable upholstery material laif VyP, skai digital printing collection for individual designs, skai TransPOrter collection used on vehicle floors and environmentally friendly Flightfloor Eco). The Trackman XP rubber crawler track impressed the panel with its innovative properties and user benefits, and received an award. Go to press release

Continental Tires for the Tour de France – High-TechEquipment for the World's Top Cyclists

The qualities that the Tour teams want most are the lowest possible rolling resistance, good puncture resistance and good grip for high-speed cornering. The Continental Competition is a tubular tire that is suitable for all weather conditions.Go to press release

12

Sales and Adjusted EBIT1 by Quarter

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Automotive Group and Rubber Group by Quarter

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Growth Profile of the Corporation H1 2018

Sustainable Value Creation

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

2) Corporation Highlights Maturities for Bonds1 (€ mn)

As at June 30, 2018

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

3) Automotive Group

Sales and Adjusted EBIT1 by Division

H1 2018 Results – August 2, 2018

18EDMR - Equity and Debt Market Relations

3) Automotive Group

Q2 2018: Sales Up and EBIT Stable Despite Rising R&D Costs

›Sales increased by €317 mn; organic sales growth in Q2 2018 at 7.7%

›Adj. EBIT1 increased by €7 mn; operating leverage2 amounted to 2% as R&D increased by 8% inQ2

›Adj. EBIT1 margin at 8.0% (PY: 8.3%)

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

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

3) Automotive Group

5%-Points Growth above Market in Q2 2018

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Sales and Adjusted EBIT1 by Division

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Q2 2018 Impacted by FX

›Sales increased by €28 mn only mainly due to unfavorable FX development; organic sales growth in Q2 2018 at 4.9%

  • ›Adj. EBIT1 decreased by €10 mn mainly due to negative FX effects amounting to more than €50 mn
  • ›Adj. EBIT1 margin at 14.3% (PY: 14.6%)

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

Tires Sales Bridge (€ mn) H1 2018

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Tires: Price/Mix Still Solid

4) Rubber GroupExpected Raw Material Price Development in 2018

  • › Natural rubber price (TSR 20) is expected to decline by 13% (before: decline by 4%)
  • › Synthetic rubber price (butadiene feedstock) is forecast to rise by 6% (before: stable)
  • › Prices for carbon black and chemicals are forecast to rise by more than 10%(before: at least 10%)
  • › Based on these assumptions, costs of raw materials are expected to have a negative effect of more than €50 mn in 2018

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

Source: Bloomberg and Continental estimates for 2018.

5) Indebtedness and Cash Flow

Net Indebtedness Bridge (€ mn)

5) Indebtedness and Cash Flow

Free Cash Flow Before Acquisitions (€ mn) in H1 2017 and H1 2018

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

5) Indebtedness and Cash Flow

Net Indebtedness and Gearing Ratio

6) Outlook 2018PC & LT Production by Quarter1

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

6) Outlook 2018Market Outlook

PC & LT1Production (mn units)

W
l
d
i
d
d
i
t
o
r
e
p
r
o
c
o
n
w
u		 2
0
1
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.
4		 2
%
+
h
1
%
t
a
n		 No
h
Am
ica
t
r
er		 1
7.
1		 1
6.
8		 -2
%
So
h
Am
ica
t
er
u		 3.
3		 3.
6		 1
0
%
+
IHS
d
an
sti
tes
ow
n e
ma		 As
ia		 5
1.
5		 5
5
2.		 2
%
+

PC & LT1Replacement Tire Market (mn units)

W
l
d
i
d
l
o
r
e
r
e
p
a
c
e
w		 2
0
1
7		 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
2
%
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
er
u		 7
3		 7
6		 4
%
+
LM
C a
nd
sti
tes
ow
n e
ma		 As
ia		 4
5
3		 4
6
7		 3
%
+

1 Passenger cars and light trucks <6t.2 Medium and heavy vehicles >6t.3 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
7		 2
0
1
8
E		 C
hg
f
l
t
t
t
o
s
a
y
a		 Eu
ro
p
e		 6
6
0		 6
7
3		 2
%
+
No
h
Am
ica
t
r
er		 1
3
5		 5
5
9		 9
%
+
So
h
Am
ica
t
u
er		 1
0
2		 1
1
7		 1
5
%
+
IHS
d
an
sti
tes
ow
n e
ma		 As
ia		 2,
1
4
0		 2,
0
5
7		 -3
%

Commercial Vehicle Replacement3 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		 C
hg
k
t
t
t
m
e
n
m
a
r
e
o		 Eu
ro
p
e		 2
5.
3		 5.
2
8		 2
%
+
i
b
2
%
n
c
r
e
a
s
e
y
LM
C a
nd
sti
tes
ow
n e
ma		 No
h
Am
ica
t
r
er		 2
4.
5		 5.
5
2		 4
%
+
So
h
Am
ica
t
er
u		 1
5.
7		 1
6.
3		 4
%
+
As
ia		 8
9.
2		 9
0.
1		 1
%
+

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

6) 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
%
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		 €
bn
1
7.
5
€
2.
6
bn		 To
inc
~€
bn
F
X
to
1
8.
5
t c
ta
t
te
re
as
e
a
on
s
n
ra
s
1
1
4
%
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		 f m
Ra
ia
ls
ha
ive
im
ha
te
to
t
t o
t
ma
r
ve
a
ne
g
a
p
ac
or
e
n
w
€
0
Ru
b
be
Gr
ba
d o
im
5
t e
t
te
m
n
on
r
ou
p
se
n c
ur
re
n
s
a
s
Sp
ia
l e
f
fe
ts
ec
c		 -€
1
4
m
n		 -€
0
5
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
<-
~2
%
5
Ca
p
ex
P
P
A
iza
ion
t
t
am
or		 €
2.
9
bn
€
1
7
1 m
n		 Ca
d
7
%
f s
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
lu
d
ing
f
fe
f
U
S
ion
fu
d
ing
t e
t o
ex
c
ne
c
p
en
s
n

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

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

Disclaimer

  • This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the Analyst and Investor Call on August 2, 2018, and the subsequent roadshows in Europe and North America. It has not been independently verified. It does not constitute an offer, invitation or recommendation to purchase or subscribe for any shares or other securities issued by Continental AG or any subsidiary and neither shall any part of it form the basis of, or be relied upon in connection with, any contract or commitment concerning the purchase or sale of such shares or other securities whatsoever.
  • Neither Continental Aktiengesellschaft nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss that may arise from any use of this presentation or its contents or otherwise arising in connection with this presentation.
  • This presentation includes assumptions, estimates, forecasts and other forward-looking statements, including statements about our beliefs and expectations regarding future developments as well as their effect on the results of Continental. These statements are based on plans, estimates and projections as they are currently available to the management of Continental. Therefore, these statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Furthermore, although the management is of the opinion that these statements, and their underlying beliefs and expectations, are realistic as of the date they are made, no guarantee can be given that the expected developments and effects will actually occur. Many factors may cause the actual development to be materially different from the expectations expressed here. Such factors include, for example and without limitation, changes in general economic and business conditions, fluctuations in currency exchange rates or interest rates, the introduction of competing products, the lack of acceptance for new products or services and changes in business strategy.
  • All statements with regard to markets or market position(s) of Continental or any of its competitors are estimates of Continental based on data available to Continental. Such data are neither comprehensive nor independently verified. Consequently, the data used are not adequate for and the statements based on such data are not meant to be an accurate or proper definition of regional and/or product markets or market shares of Continental and any of the participants in any market.
  • Unless otherwise stated, all amounts are shown in millions of euro. Please note that differences may arise as a result of the use of rounded amounts and percentages.
  • Note: Due to the application of the modified retrospective approach during first time adoption of IFRS 9, Financial Instruments, and IFRS 15, Revenues from Contracts with Customers, as at January 1, 2018, all the figures from comparative periods are shown unadjusted.

H1 2018 Results – August 2, 2018 EDMR - 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
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An
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Ins
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4
9
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1
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3
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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
Co
fer
An
l
F
ina
ia
l
Pr
nu
a
nc
es
s
n
en
ce		 Ma
h
8,
2
0
1
8
rc
An
l
S
ha
ho
l
de
'
Me
ing
(
inc
l.
ke
da
for
Q
1
2
0
1
8
)
t
ta
nu
a
re
rs
e
y		 Ap
i
l
2
2
0
1
8
7,
r
Q
F
ina
ia
l
Re
1
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
2,
2
0
1
8
t
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
f
for
f
Pr
l
im
ina
ig
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l
2
0
1
8
e
ry
ure
s
a		 Ja
2
0
1
9
nu
ary
An
l
F
ina
ia
l
Pr
Co
fer
nu
a
nc
es
s
n
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ce		 Ma
h
2
0
1
9
rc
An
l
S
ha
ho
l
de
'
Me
ing
(
inc
l.
ke
da
for
Q
)
t
ta
1
2
0
1
9
nu
a
re
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e
y		 Ap
i
l
2
6,
2
0
1
9
r
Q
1
F
ina
ia
l
Re
t
nc
p
or		 Ma
2
0
1
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y
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l
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Ye
F
ina
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t
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nc
p
or		 Au
2
0
1
9
t
g
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N
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-M
h
F
ina
ia
l
Re
t
t
on
nc
p
or		 No
be
2
0
1
9
ve
m
r

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
Ju
ts
ta
t
3
0,
2
0
1
8
re
s o
u
n
a
s a
ne		 2
0
0,
0
0
5,
9
8
3
Ra
io
t		 (
)
1:
5
d
ina
ha
A
D
Rs
or
ry
s
re
:
B
loo
be
T
ic
ke
m
rg
r		 C
T
T
A
Y
Re
T
ic
ke
te
rs
r
u		 C
T
T
A
Y.
P
K
I
S
I
N		 U
S
2
1
0
7
7
1
2
0
0
0
A
D
R
Le
l
ve		 Le
l
1
ve
Ex
ha
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ng
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T
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so
r		 De
he
Ba
k
Tr
Co
Am
ica
tsc
t
u
n
us
m
p
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y
er
s

ContinentalBond Data

Iss
ue
r		 Co
ine
l
t
ta
n
n
f
Co
1
Ru
b
be
Am
ica
r o
er
rp.
,		 Co
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l
A
G
t
ta
n
n		 Co
ine
l
A
G
t
ta
n
n
Iss
ue		 Se
ior
No
tes
n		 Se
ior
No
tes
n		 Se
ior
No
tes
n
Pr
inc
ip
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t
a
mo
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5
0
0 m
n		 €
6
0
0 m
n		 €
7
5
0 m
n
f
fe
O
ing
ice
r
p
r		 9
9.
7
3
9
%		 9
9.
4
1
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%		 9
9.
2
2
8
%
Ra
ing
iss
da
t
t
te
a
ua
nc
e		 (
S
)
B
B
B
&
P
B
B
B
(
F
i
h
)
tc		 (
S
)
B
B
B+
&
P
B
B
B+
(
F
i
h
)
tc		 (
4)
Ba
1
Mo
dy
's
o
(
S
)
B
B
&
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2)
B
B
B
(
F
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h
tc
Cu
ion
d
t c
t
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n
or
p
or
a
an
3
bo
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ing
t
n
a
s		 (
i
B
B
B+
F		 4)
),
(
S
),
(
tc
h
B
B
B+
&
P
Ba
1
Mo
dy
's
a
o
Co
up
on		 0.
%
5
p.
a.		 0.
0
%
p.
a.		 3.
1
2
%
5
p.
a.
Iss
da
te
ue		 No
be
1
9,
2
0
1
5
ve
m
r		 De
be
2
0
1
6
5,
ce
m
r		 Se
be
9,
2
0
1
3
tem
p
r
Ma
i
tu
ty
r		 Fe
br
1
9,
2
0
1
9
ua
ry		 Fe
br
5,
2
0
2
0
ua
ry		 Se
be
te
9,
2
0
2
0
p
m
r
In
te
t p
t
res
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me
n		 An
l
nu
a
Fe
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1
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ary
Co
d
Fe
bru
2
0,
2
0
1
7
mm
en
ce
ary		 No
t
l
ica
b
le
ap
p		 An
l Se
nu
a
be
9
tem
p
r
W
K
N		 C
A
1
Z
7
3		 A
2
D
A
R
M		 A
1
X
3
B
7
S
I
I
N		 C
D
E
0
0
0
A
1
Z
7
3
9		 S
X
1
5
2
9
5
6
1
1
8
2		 S
X
0
9
6
9
3
4
4
0
8
3
De
ina
ion
t
no
m		 €
1,
0
0
0 w
i		 h m
in
im
da
b
le
€
1,
t
tra
t
um
am
ou
n		 0
0
0

Guaranteed by Continental AG.

2Non-contracted rating at date of issuance.

Fitch since October 24, 2016; S&P since May 11, 2016; Moody&# | 175
x27;s | 175
since June 30, 2015. Non-contracted rating since February 1, 2014.

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Back-up

7) Back-upCorporation Highlights H1 2018

Sa
les
›		 Inc
f
1.
6
%
€
2
2,
3
8
6.
5
(
P
Y:
€
2
2,
0
3
2.
9
)
ic
les
5.
4
%
to
re
as
e o
m
n
m
n
;
org
an
sa
u
p
E
B
I
T
D
A
›		 De
f
€
(
P
Y:
€
)
2.
4
%
3,
2
1
2.
4
3,
2
9
0.
9 m
to
cre
as
e o
m
n
n
E
B
I
T
›		 De
f
%
€
2,
1
3
8.
2
(
P
Y:
€
2,
2
6
4
)
5.
7
to
7.
cre
as
e o
m
n
m
n
;
1
1
(
)
A
d
j.
E
B
I
T
de
€
2,
2
2
0.
2
1
0.
0
%
d
j.
E
B
I
T
in
to
cre
as
e
m
n
a
ma
rg
;
2
P
P
A
f
fe
€
l
i
da
ion
f
fe
€
l s
ia
l e
f
fe
-€
t -
8
4.
9 m
t
ts
3.
9
to
ta
ts
1.
0
e
c
n;
co
ns
o
e
c
m
n;
p
ec
c
m
n
3
N
I
A
T
›		 Inc
f
4.
3
%
€
1,
9.
(
P
Y:
€
1,
4
9
0
)
to
5
5
7
5.
re
as
e o
m
n
m
n
S
3
E
P
›		 S
E
P
f
€
7.
8
0
(
P
Y:
€
7.
4
8
)
o
;
2
2)
E
P
S
be
fo
P
P
A
€
(
P
Y:
€
be
fo
P
P
A
8.
1
2
7.
7
9
re
re
Ca
›
p
ex		 Ca
inc
d
€
1,
1
4.
4
(
P
Y:
€
1,
1
8.
1 m
)
io
2
%
f s
les
to
7
5
t
5.
p
ex
re
as
e
m
n
n
;
ca
p
ex
ra
o
a
;
2)
(
de
ia
ion
1.
1x
1.
2x
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:
€
)
8.
5
%
to
1,
7
1
2.
9 m
1,
5
7
9.
4
p
en
se
s
re
as
e
n
m
n
;
R
&
D
io
%
f s
les
(
P
Y:
2
%
)
t
7.
7
7.
ra
o
a
Ca
f
h
low
›
s		 Op
f
fre
f
ing
h
low
do
by
€
2
3
7.
3
€
1,
4
6
7.
5 m
h
low
€
1
2
2.
4
t
to
er
a
ca
s
wn
m
n
n;
e c
as
m
n
Ne
in
de
b
dn
›
t
te
es
s		 Ne
in
de
b
dn
by
€
€
F
Y
8
1
0.
5
2,
8
5
8.
1 m
2
0
1
7;
t
te
to
es
s u
p
m
n
n v
s.
L
iq
i
d
i
d
dr
d
i
l
ine
d
€
9
9.
8
ty
t
te
to
5,
7
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
6
2.
1 m
P
Y:
€
4,
0
5
1.
3
-te
t
te
to
ng
rm
p
rov
s
r p
en
s
a
n
o
a
s a
mo
un
n
m
n

Before amortization of intangibles from PPA, consolidation and special effects.2 Amortization of intangibles from PPA, tax rate of 25% applied for EPS calculation for 2018, 28% for 2017.3Attributable to the shareholders of the parent.

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

7) Back-upOverview of Volume Development

Un
its
(YO
Y c
han
)
ge		 Q1/
16		 H1/
16		 9M/
16		 FY
16		 Q1/
17		 H1/
17		 9M/
17		 FY
17		 Q1/
18		 H1/
18
C a
Ma
rke
t da
ta f
or P
nd
LT
duc
tion
pro
Eur
ope		 2% 6% 3% 3% 6% 1% 2% 3% 0% 1%
Nor
th A
rica
me		 4% 3% 2% 2% 2% 1%
-		 4%
-		 -4% -4% 4%
-
Eur
d N
orth
Am
eric
mb
ined
ope
an
a co		 3% 4% 3% 3% 4% 0% 1%
-		 0% -2% 1%
-
Wo
rldw
ide		 2% 3% 3% 4% 6% 3% 3% 2% 0% 2%
Co
ntin
ent
al
Org
anic
les
wth
Au
otiv
e G
tom
sa
gro
rou
p		 5% 11% 9% 9% 9% 6% 7%
Ele
nic
bra
ke s
(EB
S)
ctro
yste
ms		 0% 4% 6% 6% 13% 10% 9% 9% 3% 4%
Boo
ste
rs		 -3% 3%
-		 4% 1% 3% 3% 4% 6% 6% 5%
B-S
EP
yste
ms		 38% 48% 51% 48% 47% 39% 35% 33% 25% 23%
Adv
ed
driv
ssis
(AD
AS
)
tan
yste
anc
er a
ce s
ms		 51% 45% 38% 36% 40% 40% 41% 41% 37% 36%
Eng
ine
elec
tron
ic c
ont
rol u
nits
(E
CU
s)		 2%
-		 3% 6% 8% 12% 9% 7% 7% 2% 4%
Inje
cto
rs		 -5% 5%
-		 2% 7% 19% 17% 15% 11% 8% 5%
Tra
issi
rol u
nits
(T
CU
s)
ont
nsm
on c		 1%
-		 1%
-		 1% 1% -2% 3%
-		 5%
-		 -4% -2% 1%
Tur
boc
har
ger
s		 23% 24% 18% 17% 45% 44% 50% 56% 50% 47%
Ma
rke
t da
ires
ta t
PC
d L
T re
plac
tire
s E
ent
an
em
uro
pe		 2% 2% 2% 2% 6% 2% 2% 3% -1% 3%
PC
d L
T re
plac
tire
s N
orth
Am
eric
ent
an
em
a		 5% 2% 2% 2% 2% 1% 1%
-		 0% -2% 1%
Com
rcia
l ve
hicl
e ti
OE
Eu
me
res
e		 6% 5% 3% 9% 6% 6%
rop
Com
rcia
l ve
hicl
e ti
OE
No
rth A
rica
me
res
me		 12% 9% 16% 3%
-13
%		 -8% 1% 7% 10% 20% 4%
Com
rcia
l ve
hicl
plac
tire
s E
ent
me
e re
em
uro		 -
2%		 -
3%		 -
3%		 11% -
6%		 10% 8% 0% 16%
pe
Com
rcia
l ve
hicl
plac
tire
s N
orth
Am
eric
ent
me
e re
em
a		 4% 3% 3% 3% 12% 1% 6% 4% 4% 2%
Co
ntin
al
ent		 2% - 4% 4% 5%
Org
anic
les
wth
Ru
bbe
r Gr
sa
gro
oup		 4% 7% 5% 6% 6% 2% 4%
PC
d L
T ti
an
res		 9% 8% 6% 6% 5% 2% 2% 3% -3% 1%
-
Com
rcia
l ve
hicl
e ti
me
res		 7% 8% 4% 4% 15% 10% 8% 5% -5% 2%
-
Con
tiTe
ch o
nic
sale
th
rga
s g
row		 3% 2% 2% 2% 8% 7% 8% 8% 5% 6%

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Key Historical Credit Metrics

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

1 Amounts shown may contain rounding differences.

2Adjusted EBITDA as defined in syndicated loan.

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

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

Adjusted EBITDA to net cash interest paid.

H1 2018 Results – August 2, 2018

EDMR - Equity and Debt Market Relations

Capex, Depreciation and Earnings per Share Breakdown for H1 2018

Automotive Group Financials – Chassis & Safety

  • › Sales increased by 5.0% before consolidation and FX effects
  • › EBITDA increased by €17.6 mn to €681.4 mn (+2.7%)
  • › Adj. EBIT1--------------------------------------------------------------------------------------------------------------|-------------------------|-------------------|------------------------|------------------------|-------------------------|---------------|------------------------------|------------------------------|----------------------------------------------------------------|-----------------------------|------------------------------|------------------------------|-------------------------|---------------|------------------------------|------------------------------|
    | | Au
    increased by €4.8 mn to €471.1 mn (adj. EBIT1-----------------------------------------------------|-------------------------|-------------------|------------------------|------------------------|-------------------------|---------------|------------------------------|------------------------------|----------------------------------------------------------------|-----------------------------|------------------------------|------------------------------|-------------------------|---------------|------------------------------|------------------------------|
    | | Au
    margin 9.5%)
  • › EBIT increased by €4.8 mn to €471.1 mn(EBIT margin 9.5%)
  • ›PPA effect in H1 2018: €0.0 mn
  • ›Special effects in H1 2018: no special effects

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

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Automotive Group Financials – Powertrain

  • › EBITDA decreased by €1.8 mn to€426.5 mn (-0.4%)
  • › Adj. EBIT1n of intangibles from PPA, consolidation and special effects.Note: IFRS 9 and IFRS 15 applied starting 2018.

Continental's Credit Rating

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

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

ReferencesUseful Links

| Co
decreased by €17.2 mn to €222.4 mn (adj. EBIT1ts.Note: IFRS 9 and IFRS 15 applied starting 2018.

Continental's Credit Rating

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

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

ReferencesUseful Links

| Co
margin 5.6%)
- › EBIT decreased by €21.1 mn to €210.1 mn (EBIT margin 5.3%)
- ›PPA effect in H1 2018: -€5.9 mn
- ›Special effects in H1 2018: -€6.4 mn

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

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Automotive Group Financials – Interior

  • › EBITDA increased by €33.8 mn to €595.5 mn (+6.0%)
  • › Adj. EBIT1> increased by €25.1 mn to €430.1 mn(adj. EBIT1or | /e
    margin 8.7%)
  • › EBIT increased by €18.1 mn to €400.1 mn(EBIT margin 8.1%)
  • ›PPA effect in H1 2018: -€25.4 mn
  • ›Special effects in H1 2018: €5.6 mn

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

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

7) Back-upRubber Group Financials – Tires

  • › Sales increased by 2.5% before consolidation and FX effects
  • › EBITDA decreased by €135.3 mn to €1,190.8 mn (-10.2%)
  • › Adj. EBIT1 decreased by €119.6 mn to €897.5 mn(adj. EBIT1 margin 16.5%)
  • › EBIT decreased by €142.9 mn to €889.1 mn(EBIT margin 16.4%)
  • ›PPA effect in H1 2018: -€8.8 mn
  • ›Special effects in H1 2018: no special effects

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

Tires H1 2018

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

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Tires – Demand for Passenger Car and Light Truck Tires

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Tires – Demand for Commercial Vehicle Tires

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

7) Back-upRubber Group Financials – ContiTech

  • › Sales increased by 5.9% before consolidation and FX effects
  • › EBITDA increased by €15.5 mn to €382.4 mn (+4.2%)
  • › Adj. EBIT1 increased by €5.4 mn to €264.7 mn(adj. EBIT1 margin 8.4%)
  • › EBIT increased by €20.9 mn to €233.4 mn(EBIT margin 7.2%)
  • ›PPA effect in H1 2018: -€44.8 mn
  • ›Special effects in H1 2018: -€0.2 mn

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

ContiTech H1 2018

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

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

2016 – H1 2018 Fact Sheets

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

7) Fact SheetsSales by Quarter

201
6		 201
7		 201
8
Sa
les
(
€ m
n)		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar		 Q1 Q2 Q3 Q4 Ye
ar
Ch
is &
Sa
fety
ass		 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		 2,
51
1.2		 2,
455
.2
Po
in
rtra
we		 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		 1,
945
.6		 2,
025
.2
Inte
rior		 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		 2,
40
1.7		 2,
539
.3
Tire
s		 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		 2,
635
.5		 2,
80
1.6
Co
ntiT
ech		 1,
359
.1		 1,
376
.6		 1,
350
.5		 1,
376
.3		 5,
462
.5		 1,
52
1.4		 1,
587
.5		 1,
568
.3		 1,
569
.2		 6,
246
.4		 1,
60
1.7		 1,
629
.9
Oth
er /
Co
lida
tion
nso		 59
.4
-		 65
.8
-		 68
.8
-		 58
.2
-		 252
.2
-		 72.
2
-		 73.
6
-		 78
.3
-		 72
.5
-		 296
.6
-		 83.
0
-		 4
77.
-
Co
nti
l C
tio
nta
ne
orp
ora
n		 9,
850
.7		 10,
191
.0		 9,
983
.8		 10,
524
.0		 40
549
.5
,		 10,
999
.9		 11,
033
.0		 10,
692
.7		 11,
283
.9		 44
009
.5
,		 11,
012
.7		 11,
373
.8
Ch
s Y
Y in
%
an
ge
-o-
Ch
is &
Sa
fety
ass
in
rtra
we
rior
ntiT
ech
Co
l C
nti
nta
tio
ne
orp
ora
n

Note: IFRS 9 and IFRS 15 applied starting 2018.

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

7) Fact SheetsEBITDA by Quarter

EB
ITD
A (
€ m
n)		 201
6		 201
7		 201
8
Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r
Cha
ssis
& S
afe
ty		 302
.8		 312
.0		 14.
4
-		 354
.2		 954
.6		 336
.9		 326
.9		 300
.3		 337
.5		 1,3
01.
6		 356
.8		 324
.6
Pow
ain
ertr		 158
.8		 201
.8		 175
.5		 220
.1		 756
.2		 213
.9		 214
.4		 187
.4		 239
.1		 854
.8		 207
.3		 219
.2
Inte
rior		 237
.4		 252
.2		 132
.5		 282
.1		 904
.2		 273
.6		 288
.1		 287
.0		 291
.3		 1,1
40.
0		 283
.4		 312
.1
Tire
s		 658
.1		 773
.4		 658
.0		 739
.2		 2,8
28.
7		 651
.3		 674
.8		 661
.7		 760
.9		 2,7
48.
7		 545
.8		 645
.0
Co
ntiT
ech		 176
.1		 197
.2		 163
.5		 194
.1		 730
.9		 191
.3		 175
.6		 184
.0		 200
.0		 750
.9		 195
.9		 186
.5
Oth
er /
Co
lida
tion
nso		 27.
7
-		 23.
5
-		 37.
7
-		 28.
3
-		 117
.2
-		 28.
5
-		 27.
4
-		 38.
2
-		 23.
0
-		 117
.1
-		 34.
2
-		 30.
0
-
Co
ntin
al C
tion
ent
orp
ora		 1,5
05.
5		 1,7
13.
1		 1,0
77.
4		 1,7
61.
4		 6,0
57.
4		 1,6
38.
5		 1,6
52.
4		 1,5
82.
2		 1,8
05.
8		 6,6
78.
9		 1,5
55.
0		 1,6
57.
4
201
6		 201
7		 201
8
EB
ITD
A m
in i
n %
arg		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r
Cha
& S
afe
ssis
ty		 13.
8		 13.
9		 0.7
-		 15.
1		 10.
6		 13.
5		 13.
4		 13.
0		 13.
4		 13.
3		 14.
2		 13.
2
Pow
ain
ertr		 8.8 11.
0		 9.9 11.
7		 10.
3		 10.
7		 11.
0		 10.
4		 12.
6		 11.
2		 10.
7		 10.
8
Inte
rior		 11.
7		 12.
0		 6.5 13.
1		 10.
9		 11.
9		 12.
4		 12.
6		 12.
0		 12.
3		 11.
8		 12.
3
Tire
s		 26.
2		 28.
7		 24.
3		 26.
4		 26.
4		 23.
6		 24.
0		 23.
5		 25.
9		 24.
3		 20.
7		 23.
0
Co
ntiT
ech		 13.
0		 14.
3		 12.
1		 14.
1		 13.
4		 12.
6		 11.
1		 11.
7		 12.
7		 12.
0		 12.
2		 11.
4
Co
ntin
al C
tion
ent
orp
ora		 15.
3		 16.
8		 10.
8		 16.
7		 14.
9		 14.
9		 15.
0		 14.
8		 16.
0		 15.
2		 14.
1		 14.
6
Ch
Y-o
-Y i
n %		 201
7		 201
8
ang
es		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r
Cha
ssis
& S
afe
ty		 11.
3		 4.8 2,1
85.
4		 4.7
-		 36.
4		 5.9 0.7
-
Pow
ain
ertr		 34.
7		 6.2 6.8 8.6 13.
0		 3.1
-		 2.2
Inte
rior		 15.
2		 14.
2		 116
.6		 3.3 26.
1		 3.6 8.3
Tire
s		 -1.0 12.
7
-		 0.6 2.9 2.8
-		 16.
2
-		 4.4
-
Co
ntiT
ech		 8.6 11.
0
-		 12.
5		 3.0 2.7 2.4 6.2
Co
ntin
al C
tion
ent
orp
ora		 8.8 3.5
-		 46.
9		 2.5 10.
3		 5.1
-		 0.3
Not
e: IF
RS
9 an
d IF
RS
15 a
ppli
ed		 star
ting
20
18.

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

7) Fact SheetsEBIT by Quarter

EB
€ m		 201
6		 201
8
IT (
n)		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 7
Q3		 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r
Cha
ssis
& S
afe
ty		 213
.2		 220
.3		 107
.4
-		 254
.7		 580
.8		 238
.9		 227
.4		 200
.0		 231
.4		 897
.7		 252
.9		 218
.2
Pow
ain
ertr		 66.
5		 108
.8		 80.
3		 122
.4		 378
.0		 117
.1		 114
.1		 83.
1		 125
.6		 439
.9		 99.
4		 110
.7
Inte
rior		 160
.1		 172
.9		 51.
3		 183
.5		 567
.8		 185
.7		 196
.3		 168
.5		 198
.7		 749
.2		 184
.5		 215
.6
Tire
s		 530
.0		 645
.4		 522
.3		 591
.7		 2,2
89.
4		 505
.1		 526
.9		 515
.0		 604
.3		 2,1
51.
3		 395
.5		 493
.6
Co
ntiT
ech		 98.
7		 126
.7		 88.
0		 85.
8		 399
.2		 117
.1		 95.
4		 109
.5		 120
.2		 442
.2		 121
.9		 111
.5
Oth
er /
Co
lida
tion
nso		 27.
8
-		 24.
5
-		 38.
2
-		 28.
9
-		 119
.4
-		 28.
8
-		 27.
8
-		 38.
6
-		 23.
6
-		 118
.8
-		 35.
0
-		 30.
6
-
Co
ntin
al C
tion
ent
orp
ora		 1,0
40.
7		 1,2
49.
6		 596
.3		 1,2
09.
2		 4,0
95.
8		 1,1
35.
1		 1,1
32.
3		 1,0
37.
5		 1,2
56.
6		 4,5
61.
5		 1,0
19.
2		 1,1
19.
0
201
6		 201
7		 201
8
EB
IT m
in i
n %
arg		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r
Cha
ssis
& S
afe
ty		 9.7 9.8 4.9
-		 10.
8		 6.5 9.6 9.3 8.7 9.2 9.2 10.
1		 8.9
Pow
ain
ertr		 3.7 5.9 4.5 6.5 5.2 5.8 5.9 4.6 6.6 5.7 5.1 5.5
Inte
rior		 7.9 8.2 2.5 8.5 6.8 8.1 8.5 7.4 8.2 8.1 7.7 8.5
Tire
s		 21.
1		 24.
0		 19.
3		 21.
1		 21.
4		 18.
3		 18.
7		 18.
3		 20.
6		 19.
0		 15.
0		 17.
6
Co
ntiT
ech		 7.3 9.2 6.5 6.2 7.3 7.7 6.0 7.0 7.7 7.1 7.6 6.8
Co
ntin
al C
tion
ent
orp
ora		 10.
6		 12.
3		 6.0 11.
5		 10.
1		 10.
3		 10.
3		 9.7 11.
1		 10.
4		 9.3 9.8
201
7		 201
8
Ch
Y-o
-Y i
n %
ang
es		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
r
Cha
ssis
& S
afe
ty		 12.
1		 3.2 286
.2		 9.1
-		 54.
6		 5.9 4.0
-
Pow
ain
ertr		 76.
1		 4.9 3.5 2.6 16.
4		 15.
1
-		 3.0
-
Inte
rior		 16.
0		 13.
5		 228
.5		 8.3 31.
9		 0.6
-		 9.8
Tire
s		 -4.7 18.
4
-		 1.4
-		 2.1 6.0
-		 21.
7
-		 6.3
-
Co
ntiT
ech		 18.
6		 24.
7
-		 24.
4		 40.
1		 10.
8		 4.1 16.
9
Co
ntin
al C
tion
ent
orp
ora		 9.1 9.4
-		 74.
0		 3.9 11.
4		 10.
2
-		 1.2
-
Not
e: IF
RS
d IF
RS
ppli
ed
9 an
15 a		 ting
star
20
18.

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

7) Fact SheetsAdjusted EBIT1 by Quarter

1 (€ 201
7		 201
8
)
Adj
. EB
IT
mn		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
Cha
& S
afe
ssis
ty		 238
.9		 227
.4		 252
.9		 218
.2
Pow
ain
ertr		 121
.1		 118
.5		 107
.7		 114
.7
Inte
rior		 197
.3		 207
.7		 202
.1		 228
.0
Tire
s		 496
.4		 520
.7		 400
.2		 497
.3
Co
ntiT
ech		 139
.0		 120
.3		 131
.0		 133
.7
Oth
er /
Co
lida
tion
nso		 -28
.8		 27.
8
-		 -35
.0		 30.
6
-
Co
ntin
ent
al C
tion
orp
ora		 1,1
63.
9		 1,1
66.
8		 1,0
58.
9		 1,1
61.
3
201
7		 201
8
1 m
Adj
in i
. EB
IT
n %
arg		 Q1 Q2 Q3 Q4 Yea
r		 Q1 Q2 Q3 Q4 Yea
Cha
& S
ssis
afe
ty		 9.6 9.3 10.
1		 8.9
Pow
ain
ertr		 6.0 6.1 5.5 5.7
Inte
rior		 8.6 9.0 8.4 9.0
Tire
s		 18.
0		 18.
5		 15.2 17.
8
Co
ntiT
ech		 9.2 7.6 8.6 8.2
Co
ntin
al C
tion
ent
orp
ora		 10.
6		 10.
6		 9.7 10.
2
Ch
Y-o
-Y i
n %		 201
8
ang
es		 Q1 Q2 Q3 Q4 Yea
Cha
ssis
& S
afe
ty		 5.9 4.0
-
Pow
ertr
ain		 -11
.1		 3.2
-
Inte
rior		 2.4 9.8
Tire
s		 -19
.4		 4.5
-
Co
ntiT
ech		 -5.8 11.
1
Co
al C
ntin
ent
tion
orp
ora		 -9.0 0.5
-

Before amortization of intangibles from PPA, consolidation and special effects.Note: IFRS 9 and IFRS 15 applied starting 2018.

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Consolidated Statement of Income

201
8		 201
7		 201
6		 201
8		 201
7		 201
6
(
€ m
n)		 1 -
6		 1 -
6		 1 -
6		 Q2 Q2 Q2
Sa
les		 22,
386
.5		 22,
032
.9		 20,
041
.7		 11,
373
.8		 11,
033
.0		 10,
191
.0
Co
f sa
st o
les		 -16
656
.8
,		 16,
338
.3
-		 14,
609
.2
-		 8,
435
.0
-		 8,
203
.1
-		 7,
359
.6
-
Gro
in o
ale
ss
ma
rg
n s
s		 5,
729
.7		 5,
694
.6		 5,
432
.5		 2,
938
.8		 2,
829
.9		 2,
831
.4
1
Re
rch
d d
lop
nt e
sea
an
eve
me
xpe
nse
s		 -2,
103
.9		 1,5
79.
4
-		 1,
442
.9
-		 1,
077
.4
-		 798
.7
-		 726
.8
-
Se
lling
d lo
isti
an
g
cs
exp
ens
es		 -1,
235
.2		 1,
208
.9
-		 1,
109
.2
-		 627
.0
-		 608
.4
-		 56
1.2
-
Ad
min
istr
ativ
e e
xpe
nse
s		 -57
4.1		 596
.4
-		 498
.1
-		 287
.0
-		 298
.6
-		 254
.4
-
1
Oth
nd
inc
er e
xpe
nse
s a
om
e		 280
.6		 78.
8
-		 128
.9
-		 145
.7		 14.
4
-		 59
.9
-
Inco
fro
uity
d in
t-eq
nte
tee
me
m a
ac
cou
ves
s		 40.
6		 36.
1		 36.
6		 25
.5		 22
.3		 20.
2
Oth
er i
fro
m i
stm
ent
nco
me
nve
s		 0.5 0.2 0.3 0.4 0.2 0.3
Ea
rni
s b
efo
inte
t a
nd
tax
ng
re
res		 2,
138
.2		 2,
267
.4		 2,
290
.3		 1,
119
.0		 1,
132
.3		 1,
249
.6
Inte
t in
res
com
e		 44.
6		 46.
6		 49
.6		 22
.6		 23
.2		 24.
8
Inte
t ex
res
pen
se		 -15
5.7		 210
.4
-		 98.
2
-		 85.
4
-		 103
.4
-		 39.
6
-
Fin
cia
l re
lt
an
su		 -11
1.1		 163
.8
-		 48.
6
-		 62.
8
-		 80.
2
-		 14.
8
-
Ea
rni
s b
efo
re t
ng
ax		 2,
027
.1		 2,
103
.6		 2,
241
.7		 1,
056
.2		 1,
052
.1		 1,
234
.8
Inco
tax
me
ex
pen
se		 -43
9.8		 577
.7
-		 567
.1
-		 220
.4
-		 290
.7
-		 31
1.3
-
Ne
t in
co
me		 1,
587
.3		 1,
525
.9		 1,
674
.6		 835
.8		 761
.4		 923
.5
No
roll
ing
int
ont
sts
n-c
ere		 -27
.6		 30.
9
-		 35.
8
-		 13.
7
-		 16.
0
-		 18.
6
-
Ne
t in
rib
ble
the
sh
ho
lde
f th
att
uta
to
nt
co
me
are
rs o
e p
are		 1,
559
.7		 1,
495
.0		 1,
638
.8		 822
.1		 745
.4		 904
.9
Ba
sic
rnin
sh
(
in
€)
ea
gs
per
are		 7.8
0		 7.4
8		 8.1
9		 4.1
1		 3.7
3		 4.5
2
(
€)
Dilu
ted
rnin
sh
in
ea
gs
per
are		 7.8
0		 7.4
8		 8.1
9		 4.1
1		 3.7
3		 4.5
2

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

Consolidated Statement of Financial Position – Assets

s in
mil
lion
As
set
€
s		 Ju
30
20
18
ne
,		 De
c. 3
1,
20
17		 Jun
e 3
0,
20
17
Go
odw
ill		 019
.2
7,		 010
.1
7,		 6,
865
.9
Oth
er i
ible
nta
set
ng
as
s		 1,
510
.3		 1,
60
7.3		 1,
550
.4
Pro
lan
d e
ipm
ty,
t an
ent
per
p
qu		 11,
423
.9		 11,
202
.1		 10,
674
.2
Inve
stm
ent
ty
pro
per		 10.
4		 10.
5		 10.
8
Inve
stm
ent
s in
uity
nte
d in
tee
eq
-ac
cou
ves
s		 46
1.0		 414
.8		 392
.9
Oth
er i
stm
ent
nve
s		 197
.2		 51.
0		 44
.9
De
fer
red
tax
set
as
s		 1,
53
1.2		 1,
51
7.2		 1,
762
.1
De
fine
d b
fit a
ts
ene
sse		 27
.0		 16.
0		 36
.0
Lon
term
ntra
ct a
ts
g-
co
sse		 0.0 n.
a.		 n.
a.
Lon
de
riva
tive
ins
nd
inte
t-be
arin
inve
term
trum
ent
stm
ent
g-
s a
res
g
s		 21
.5		 113
.3		 42
.8
Lon
oth
er f
ina
nci
al a
term
ts
g-
sse		 85
.5		 68.
8		 65
.0
Lon
term
oth
ts
g-
er a
sse		 25
.3		 27
.3		 25
.3
No
t as
set
n-c
urr
en
s		 22
312
.5
,		 22,
038
.4		 21,
470
.3
Inve
ries
nto		 4,
547
.2		 4,
128
.2		 4,
238
.6
Tra
de
iva
ble
ts r
acc
oun
ece		 8,
359
.4		 669
.3
7,		 926
.4
7,
Sh
ort-
ter
ont
t as
set
m c
rac
s		 72
.1		 n.
a.		 n.
a.
1
Sh
the
r fin
ial
ort-
ter
ets
m o
anc
ass		 348
.1		 29
7.0		 295
.1
1
Sh
ort-
ter
the
set
m o
r as
s		 1,
288
.4		 1,
186
.8		 1,
300
.9
Inco
cei
vab
les
tax
me
re		 175
.5		 178
.2		 195
.5
Sh
m d
eriv
ativ
e in
d in
st-b
ing
inv
ort-
ter
stru
nts
tere
est
nts
me
an
ear
me		 142
.6		 47.
6		 40
.2
Ca
sh
and
sh
iva
len
ts
ca
equ		 2,
131
.5		 1,
88
1.5		 1,
806
.4
As
s h
eld
for
le
set
sa		 2.0 13.
5		 3.0
Cu
nt a
ts
rre
sse		 17,
066
.8		 15,
402
.1		 15,
806
.1
To
tal
ets
ass		 39
379
.3
,		 37,
440
.5		 37,
276
.4

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

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Consolidated Statement of Financial Position – Total Equity and Liabilities

Eq
uity
d li
ab
iliti
in €
illio
an
es
m
ns		 Ju
30
201
8
ne
,		 De
c. 3
1,
20
17		 Jun
e 3
0,
20
17
Su
bsc
ribe
d c
ital
ap		 512
.0		 512
.0		 512
.0
Ca
ital
p
res
erv
es		 4,
155
.6		 4,
155
.6		 4,
155
.6
Re
tain
ed
nin
ear
gs		 14,
359
.7		 13,
669
.3		 12,
179
.7
Oth
hen
siv
e in
er c
om
pre
com
e		 -2,
455
.7		 -2,
508
.5		 -2,
110
.4
Eq
uity
att
rib
uta
ble
to
th
ha
reh
old
of
th
nt
e s
ers
e p
are		 16,
571
.6		 15,
828
.4		 14,
736
.9
No
roll
ing
int
ont
sts
n-c
ere		 466
.0		 46
1.9		 447
.8
To
tal
uity
eq		 17,
037
.6		 16,
29
0.3		 15,
184
.7
Lon
loye
e b
fits
term
g-
em
p
ene		 4,
45
1.2		 4,
394
.1		 4,
327
.4
De
fer
red
lia
bili
ties
tax		 354
.0		 348
.5		 430
.9
Lon
vis
ion
s fo
her
ris
ks
and
ob
liga
tion
term
r ot
g-
pro
s		 163
.9		 139
.6		 189
.3
Lon
ind
ebt
edn
term
g-
ess		 1,
460
.8		 2,
017
.8		 2,
762
.4
Lon
oth
er f
ina
nci
al l
iab
ilitie
term
g-
s		 35.
3		 36.
1		 40
.5
Lon
ct l
iab
ilitie
term
ntra
g-
co
s		 15.
0		 n.
a.		 n.
a.
Lon
oth
er l
iab
ilitie
term
g-
s		 15.
1		 25
.4		 15.
0
No
t lia
bili
ties
n-c
urr
en		 6,
495
.3		 6,
96
1.5		 765
.5
7,
Sho
fits
rt-te
loye
e b
rm
em
p
ene		 1,
364
.9		 1,
490
.6		 1,
292
.1
Tra
de
ts p
ble
acc
oun
aya		 6,
889
.4		 6,
798
.5		 6,
608
.6
Sho
rt-te
trac
t lia
bili
ties
rm
con		 1,
08
1.5		 n.
a.		 n.
a.
Inco
tax
ble
me
pa
ya
s		 899
.9		 889
.7		 835
.7
Sho
vis
ion
s fo
her
ris
ks
and
ob
liga
tion
rt-te
r ot
rm
pro
s		 866
.3		 943
.0		 976
.7
Sho
ind
ebt
edn
rt-te
rm
ess		 3,
692
.9		 2,
072
.2		 2,
595
.6
Sho
oth
er f
ina
nci
al l
iab
ilitie
rt-te
rm
s		 335
.7		 1,
27
6.8		 1,
208
.3
Sho
rt-te
oth
er l
iab
ilitie
rm
s		 715
.8		 717
.9		 809
.2
Cu
liab
iliti
nt
rre
es		 15,
846
.4		 14,
188
.7		 14,
326
.2
To
tal
uity
d li
ab
iliti
eq
an
es		 39,
379
.3		 37,
440
.5		 37,
276
.4

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

Consolidated Statement of Cash Flows

Con
sol
idat
ed
Sta
of
Cas
h F
low
s in
€ m
illio
tem
ent
ns		 Jan
1 to
uary		 Jun
e 30		 Sec
Qu
ond
arte
r
201
8		 201
7		 201
8		 201
7
Net
inc
om
e		 1,58
7.3		 1,52
5.9		 835
.8		 761
.4
Inco
tax
me
exp
ens
e		 439
.8		 577
.7		 220
.4		 290
.7
Fina
ncia
l res
ult		 111
.1		 163
.8		 62.8 80.2
EB
IT		 2,13
8.2		 2,26
7.4		 1,11
9.0		 1,13
2.3
Inte
rest
id
pa		 -41
.0		 -61
.3		 -12
.8		 -13
.7
Inte
rest
eive
d
rec		 15.9 13.5 8.3 6.7
Inco
tax
paid
me		 -45
0.1		 -59
7.9		 -25
9.8		 -33
7.6
Div
iden
ds r
ived
ece		 15.6 21.0 0.4 10.8
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		 1,07
4.2		 1,02
3.5		 538
.4		 520
.1
Inco
from
uity
ted
inve
d ot
her
inve
, inc
l. im
pair
d re
al o
f im
pair
t los
stee
stm
ents
t an
me
eq
-acc
oun
s an
men
vers
men
ses		 -41
.1		 -36
.3		 -25
.9		 -22
.5
Gai
ns/l
es f
f as
the
dis
al o
sets
nies
and
bus
ines
tion
oss
rom
pos
, co
mpa
s op
era
s		 -8.9 -23
.5		 -2.2 -5.4
Cha
s in
nge
inve
ntor
ies		 -402
.5		 -50
5.1		 -14
8.2		 -25
6.5
trad
nts
ivab
le
e ac
cou
rece		 -51
8.4		 -70
3.1		 22.
1		 176
.4
trad
able
nts
e ac
cou
pay		 85.2 439
.6		 114
.7		 -8.8
loye
e be
nefi
nd o
ther
visi
ts a
emp
pro
ons		 -154
.8		 -93
.6		 -42
6.9		 -432
.1
othe
and
liab
ilitie
sets
r as
s		 -244
.8		 -39
.4		 -93
.7		 70.8
Cas
h flo
risi
from
ting
act
iviti
w a
ng
op
era
es		 1,46
7.5		 1,70
4.8		 833
.4		 840
.5
Cas
h flo
w fr
the
disp
l of
lant
and
uipm
and
inta
ngib
le a
pert
ent,
ts
om
osa
pro
y, p
eq
sse		 35.8
Cap
sof
ital
end
iture
pert
lant
and
uipm
ent,
and
twa
on
re		 -1,1 23.7
-1,1
58.		 10.9
-71		 10.3
-65
exp
pro
y, p
eq
Cap
ital
end
iture
inta
ngib
le a
ts fr
dev
elop
ject
d m
isce
llan
on
sse
om
men
s an
eou
s		 74.4
-32
.5		 1
-59		 5.0
-18		 5.4
-29
t pro
exp
Cas
h flo
w fr
the
disp
l of
ies
and
bus
ines
erat
ions
om
osa
com		 -0.2 .9 .8 .6
pan
s op
Acq
uisi
tion
of c
anie
d bu
sine
atio
omp
s an
ss o
per
ns		 -17
3.8		 20.2
-23		 -0.2
-28		 1.1
Cas
h flo
risi
from
inv
ing
iviti
est
act
w a
ng
es
1		 -1,3
45.
1		 8.9
-1,4
13.0		 .8
-75
1.9		 -8.1
-68
1.7
1
Cas
h flo
w b
efo
re f
ina
nci
iviti
es (
free
h fl
)
act
ng
cas
ow		 122
.4		 291
.8		 81.5 158
.8
Cha
in i
nde
bted
nge
nes
s		 1,06
4.2		 345 676 707
Suc
sive
cha
ces
pur
ses		 -2.6 .6 .5 .3
Div
iden
ds p
aid		 -90 -0.8
-85		 0.0
-90		 -0.2
-85
Div
iden
ds p
aid
nd c
ash
cha
s fro
quit
ctio
ith n
ollin
g in
to a
y tra
ontr
tere
sts
nge
m e
nsa
ns w
on-c		 0.0
-27
.5		 0.0
-26		 0.0
-21		 0.0
-26
Cas
h an
d ca
sh e
quiv
alen
risin
g fro
m fi
ime
soli
dati
f su
bsid
iarie
ts a
rst-t
con
on o
s		 0.5 .9 .1 .5
—
Cas
h flo
risi
from
fin
ing
act
iviti
w a
ng
anc
es		 134
.6		 0.6
-53
1.5		 0.5
-24
4.1		 -16
9.4
Cha
in c
ash
d c
ash
uiva
lent
nge
an
eq
s		 257 -23 -16 -10
Cas
h an
d ca
sh e
quiv
alen
t the
be
ginn
ing
of th
ing
iod
ts a
port
e re
per		 .0
1,88		 9.7
2,10		 2.6
2,28		 .6
1,89
Effe
f ex
cha
e ch
sh a
nd c
ash
uiva
lent
ct o
-rat
nge
ang
es o
n ca
eq
s		 1.5
-7.0		 7.0
-60		 8.6 5.7
-78
Cas
h a
nd
h eq
uiva
lent
s at
the
d o
f th
ting
riod
cas
en
e re
por
pe		 2,13 .9
1,80		 5.5
2,13		 .7
1,80
1.5 6.4 1.5 6.4

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

H1 2018 Results Reported and Adjusted (€ mn) – by Division

Ch
is &
ass
20
17		 Sa
fet
y
201
8		 Po
we
201
7		 rtra
in
201
8		 Inte
20
17		 rio
r
201
8		 Tir
201
7		 es
20
18		 Co
ntiT
201
7		 h
ec
201
8		 Co
ns
20
17		 ./C
orr
201
8		 Co
rpo
20
17		 rat
ion
201
8
Sa
les		 4,
935
.2		 4,
966
.4		 3,
950
.3		 3,
970
.8		 4,
612
.3		 4,
94
1.0		 5,
572
.0		 5,
437
.1		 3,
108
.9		 3,
231
.6		 145
.8
-		 160
.4
-		 22
032
.9
,		 22,
386
.5
EB
IT
in %
of s
ales		 466
.3
9.4%		 471
.1
9.5
%		 23
1.2
5.9
%		 210
.1
5.3
%		 382
.0
8.3
%		 400
.1
8.1
%		 1,
032
.0
18.
5%		 889
.1
16.
4%		 212
.5
6.8
%		 233
.4
7.2
%		 56
.6
-		 65.
6
-		 2,
267
.4
10.
3%		 2,
138
.2
9.6
%
Am
iza
tio
f in
ible
s fr
PP
A
ort
tan
set
n o
g
as
om		 0.0 0.0 6.0 5.9 23
.0		 25
.4		 9.6 8.8 46
.9		 44.
8		 0.0 0.0 85.
5		 84.
9
To
tal
ial
eff
ect
sp
ec
s		 0.0 0.0 2.4 6.4 0.0 5.6
-		 5
24.
-		 0.0 0.0 0.2 0.0 0.0 22
.1
-		 1.0
lida
tio
ffe
To
tal
cts
co
nso
n e		 0.0 0.0 0.0 0.0 0.0 10.
2		 0.0 0.4
-		 0.1
-		 13.
7
-		 0.0 0.0 0.1
-		 3.9
-
To
tal
lida
tio
n &
eci
al e
ffe
cts
co
nso
sp		 0.0 0.0 2.4 6.4 0.0 4.6 24.
5
-		 0.4
-		 0.1
-		 13.
5
-		 0.0 0.0 22
.2
-		 2.9
-
1
(a
IT)
Ad
jus
ted
tin
ult
dj.
EB
op
era
g r
es
in %
of a
djus
ted
sale
s		 466
.3
9.4%		 471
.1
9.5
%		 239
.6
6.1
%		 222
.4
5.6
%		 405
.0
8.8
%		 430
.1
8.7
%		 1,
017
.1
18.
3%		 897
.5
16.
5%		 259
.3
8.4
%		 264
.7
8.4
%		 56
.6
-		 65.
6
-		 2,
330
.7
10.
6%		 2,
220
.2
10.
0%

Before amortization of intangibles from PPA, consolidation and special effects.Note: IFRS 9 and IFRS 15 applied starting 2018.

H1 2018 Results Reported and Adjusted (€ mn) – by Group

Q2
201
7/2
018		 YT
D J
- J
20
17/
201
8
anu
ary
une
Au
tom
otiv
e		 Ru
bbe
r		 Co
/Co
ns.
rr.		 Co
rati
rpo
on		 Au
tom
otiv
e		 Ru
bbe
r		 Co
/Co
ns.
rr.		 Co
rati
rpo
on
201
7		 201
8		 201
7		 201
8		 201
7		 201
8		 201
7		 201
8		 201
7		 201
8		 201
7		 201
8		 201
7		 201
8		 201
7		 201
8
Sal
es		 6,6
61.
4		 6,9
78.
3		 4,3
81.
8		 4,4
09.
6		 10.
2
-		 14.
1
-		 11,
033		 .0
11,
373
.8		 13,
415
.4		 13,
792
.2		 8,6
42.
2		 8,6
21.
8		 24.
7
-		 27.
5
-		 22,
032
.9		 22,
386
.5
EB
IT		 537
.8		 544
.5		 622
.3		 605
.1		 27.
8
-		 30.
6
-		 1,1
32.
3		 1,1
19.
0		 5
1,0
79.		 1,0
81.
3		 5
1,2
44.		 5
1,1
22.		 56.
6
-		 65.
6
-		 2,2
67.
4		 2,1
38.
2
in %
of s
ales		 8.1% 7.8% 14.2
%		 13.
7%		 10.3
%		 9.8
%		 8.0
%		 7.8
%		 14.
4%		 13.0
%		 10.3
%		 9.6%
of
s fr
Am
ort
iza
tion
inta
ible
set
PP
A
ng
as
om		 14.
4		 15.
8		 29.
9		 26.
9		 0.0 0.0 44.
3		 42.
7		 29.
0		 31.
3		 56.
5		 53.
6		 0.0 0.0 85.
5		 84.
9
ial e
ffec
Tot
al s
ts
pec		 1.4 4.8
-		 11.
1
-		 0.2 0.0 0.0 9.7
-		 4.6
-		 2.4 0.8 24.
5
-		 0.2 0.0 0.0 22.
1
-		 1.0
Tot
al c
olid
atio
ffec
ts
ons
n e		 0.0 5.4 0.1
-		 1.2
-		 0.0 0.0 0.1
-		 4.2 0.0 10.
2		 0.1
-		 14.
1
-		 0.0 0.0 0.1
-		 3.9
-
Tot
al c
olid
atio
n &
eci
al e
ffec
ts
ons
sp		 1.4 0.6 11.
2
-		 1.0
-		 0.0 0.0 9.8
-		 0.4
-		 2.4 11.
0		 24.
6
-		 13.
9
-		 0.0 0.0 22.
2
-		 2.9
-
1
Adj
ed
rati
ult
(a
dj.
EB
IT)
ust
ope
ng
res
of a
in %
djus
ted
sale
s		 553
.6
8.3%		 560
.9
8.0%		 641
.0
14.6
%		 631
.0
14.
3%		 27.
8
-		 30.
6
-		 1,1
66.
8
10.6
%		 1,1
61.
3
10.
2%		 1,1
10.
9
8.3
%		 1,1
23.
6
8.1
%		 1,2
76.
4
14.
8%		 1,1
62.
2
13.6
%		 56.
6
-		 65.
6
-		 2,3
30.
7
10.6
%		 2,2
20.
2
10.
0%

Before amortization of intangibles from PPA, consolidation and special effects.Note: IFRS 9 and IFRS 15 applied starting 2018.

Continental's Credit Rating

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

H1 2018 Results – August 2, 2018 EDMR - Equity and Debt Market Relations

ReferencesUseful Links

Co
ine
l
Inv
Re
la
ion
bs
i
t
ta
to
t
te
n
n
es
r
s w
e		 ine
l-
ir.c
t
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ww
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co
n
n
om
An
l a
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in
im
te
ts
nu
a
n
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p
or		 /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.
Fa
Bo
k
(
Inv
ion
)
2
0
1
7
t
to
ta
t
c
o
es
r p
re
se
n		 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
Inv
Re
la
ion
to
t
es
r
s
d p
ion
ts
ta
t
ev
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an
re
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n
s		 /e
/
/e
/p
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l-c
ion
inv
ion
t
ta
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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
ina
b
i
l
i
Co
ine
l
ta
ty
t
t
ta
s
a
n
n
(
ion
fo
inv
)
ta
t
to
p
re
se
n
s
r
es
rs		 ine
l-c
ion
/e
/s
ina
b
i
l
i
/
do
loa
ds
t
ta
t
ta
ty
co
n
n
or
p
or
a
.co
m
n
us
wn
ww
w.
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.
co
n
n
us
co
m
ww
w.
Co
Go
Pr
inc
ip
les
te
rp
or
a
ve
rn
an
ce		 ine
l-c
ion
/e
/co
/co
/p
inc
ip
les
d-
de
lar
ion
t
ta
t
te
t
ww
w.
co
n
n
or
p
or
a
.co
m
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p
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rp
or
a
-g
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na
nc
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Co
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l s
ha
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ta
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s		 ine
l-c
ion
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/
inv
/s
ha
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ta
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to
ww
w.
co
n
n
or
p
or
a
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Co
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bo
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d
ing
t
ta
t
n
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a
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ra		 /e
/
/
ine
l-c
ion
inv
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b
d-
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t
ta
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to
t-a
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ww
w.
co
n
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or
p
or
a
.co
m
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es
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Co
ine
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I
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Tw
i
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on
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Co
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