Vitesco Technologies Group AG — Financial Supplement Data 2022

Nov 14, 2022

vtesco

TECHNOLOGIES

in € mn	Q1 2021*	Q2 2021*	Q3 2021*	Q4 2021	FY 2021	Q1 2022	Q2 2022	Q3 2022	Q4 2022	FY 2022
Sales VT Group(%) growth y/y)	2,302.08.9%	2,094.961.8%	1,913.8-13.0%	2,037.8-15.8%	6,348.54.0%	2,258.6-1.9%	2,165.03.3%	2,300.120.2%
For comparison: Global Light Vehicle Production¹ (mn units)(%) growth y/y)	20.6615.8%	18.7548.3%	16.61-19.1%	21.18-10.2%	77.203.5%	19.97-3.3%	19.061.7%	21.1827.5%
Sales Electrification Technology(%) growth y/y)	165.286.2%	147.2188.1%	128.9-2.6%	145.89.0%	587.144.6%	161.7-2.1%	147.0-0.1%	147.214.2%
Sales Electronic Controls(%) growth y/y)	984.43.7%	888.953.5%	806.8-19.1%	855.8-23.0%	3,535.9-2.8%	946.3-3.9%	922.23.7%	1,032.327.9%
Thereof Core Technologies(%) growth y/y)	602.21.0%	547.742.1%	503.0-22.5%	553.5-19.7%	2,206.4-4.9%	604.80.4%	621.513.5%	704.040.0%
Sales Sensing & Actuation(%) growth y/y)	876.511.5%	807.967.0%	746.7-3.7%	786.1-9.8%	3,217.210.3%	885.91.1%	844.44.5%	879.917.8%
Thereof Core Technologies(%) growth y/y)	674.012.4%	625.161.8%	603.32.9%	632.3-4.9%	2,534.713.3%	713.15.8%	673.37.7%	683.313.3%
Sales Contract Manufacturing(%) growth y/y)	285.7-3.4%	260.440.2%	241.0-20.8%	262.9-16.2%	1,050.0-4.5%	278.9-2.4%	270.03.7%	262.38.8%
Adjusted EBIT VT Group(%) margin)	17.10.7%	64.73.1%	24.51.3%	41.62.0%	148.61.8%	45.22.0%	32.91.5%	47.92.1%
Adjusted EBIT Electrification Technology(%) margin)	-73.3-44.4%	-66.1-44.9%	-69.2-53.7%	-64.4-44.2%	-273.0-46.5%	-68.1-42.1%	-69.7-47.4%	-71.0-48.2%
Adjusted EBIT Electronic Controls(%) margin)	1.80.2%	50.75.8%	30.13.8%	35.94.2%	117.23.3%	22.02.3%	19.72.1%	44.54.3%
Thereof Core Technologies(%) margin)	-2.2-0.4%	41.37.7%	21.34.3%	62.111.2%	121.25.5%	12.42.1%	7.21.2%	57.18.1%
Adjusted EBIT Sensing & Actuation(%) margin)	67.17.7%	71.28.9%	53.57.2%	75.49.6%	269.28.4%	84.39.5%	84.110.0%	78.08.9%
Thereof Core Technologies(%) margin)	62.59.3%	84.913.6%	58.39.7%	60.09.5%	265.710.5%	93.413.1%	89.913.4%	87.512.8%
Adjusted EBIT Contract Manufacturing(%) margin)	20.87.3%	12.14.6%	10.44.3%	-0.6-0.2%	42.74.1%	9.23.3%	8.23.0%	1.90.7%
Research & Development Expenses (net)(%) margin)	197.48.6%	187.48.9%	170.08.9%	137.96.8%	692.78.3%	179.47.9%	188.58.7%	171.77.5%
Depreciation & Amortization(%) margin)	156.86.8%	147.47.0%	155.98.1%	24.31.2%	484.45.8%	134.96.0%	141.56.5%	143.06.2%
EBT(%) margin)	9.80.4%	39.41.9%	-56.0-2.9%	40.32.0%	33.60.4%	21.81.0%	24.91.2%	1.30.1%
Effective Tax Rate	424.0%	99.5%	-63.4%	87.5%	463.1%	151.8%	-47.4%	1169.2%
Net Result(%) margin)	-31.7-1.4%	0.20.0%	-91.5-4.8%	1.00.0%	-122.0-1.5%	-11.3-0.5%	36.71.7%	-13.8-0.6%
Operating Cash Flow VT Group(%) of sales)	240.810.5%	105.05.0%	-134.6-7.0%	207.710.2%	418.95.0%	108.24.8%	105.24.9%	80.53.5%
Capex VT Group(%) of sales)	44.31.9%	101.74.9%	118.26.2%	177.18.7%	441.35.3%	52.12.3%	112.55.2%	88.93.9%
Free Cash Flow VT Group(%) of sales)	239.110.4%	65.73.1%	-213.2-11.1%	21.71.1%	113.31.4%	48.22.1%	1.60.1%	-16.3-0.7%
Balance Sheet Total	8,248.4	8,289.6	7,123.2	7,408.1	7,408.1	7,901.0	7,802.8	7,895.5
Equity Ratio	33.8%	32.0%	37.1%	36.3%	36.3%	35.9%	40.4%	40.7%
Working Capital	423.7	309.1	495.2	366.4	366.4	437.0	415.4	592.8
Working Capital/LTM Sales	5.2%	3.4%	5.7%	4.4%	4.4%	5.3%	5.0%	6.8%
Short- and Long-Term Financial Debt	239.3	1,156.1	193.4	268.9	268.9	483.3	469.8	480.4
Cash & Cash Equivalents (as stated)	273.6	971.8	583.9	614.0	614.0	857.4	810.1	782.7
Cash & Cash Equivalents (de facto cash until Q2/21)	881.5	817.4	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.
Net Financial Debt	-642.1	-580.4	-390.5	-345.1	-345.1	-374.1	-340.3	-302.3
Net Financial Debt/LTM adj. EBITDA	-1.3	-0.8	-0.6	-0.5	-0.5	-0.5	-0.5	-0.4

1. Restatement of 2021 figures due to consolidation changes
   Based on IHS Markit, Light Vehicle Production Forecast as of 10/2022
   Capex excluding right of use assets (IFRS 16)
   Until Q2 2021, de facto cash position including payables and receivables from financing with Continental AG
   Net financial debt prior to spin-off can not be reconciled between cash and short- and long-term financial debt due to intercompany financing with Continental AG