Vitesco Technologies Group AG — Financial Supplement Data 2022

Mar 25, 2022

vtiesco

TECHNOLOGIES

in € mn	Q1 2020	Q2 2020	Q3 2020	Q4 2020	FY 2020	Q1 2021	Q2 2021	Q3 2021	Q4 2021	FY 2021
Sales VT Group(%) growth y/y	2,113.9	1,294.8	2,200.2	2,418.8	8,027.7	2,302.0	2,094.9	1,913.8	2,037.8	8,348.5
For comparison: Global Light Vehicle Production¹ (mn units)(%) growth y/y	17.8	12.6	20.5	23.6	74.6	20.6	18.7	16.6	21.1	77.1
Sales Electronic Controls(%) growth y/y	949.7	579.2	996.9	1,111.0	3,636.8	984.4	888.9	806.8	855.8	3,535.9
Thereof Core Technologies(%) growth y/y	596.5	385.5	649.3	689.4	2,320.7	602.2	547.7	503.0	553.5	2,206.4
Sales Sensing & Actuation(%) growth y/y	786.2	483.9	775.7	871.4	2,917.2	876.5	807.9	746.7	786.1	3,217.2
Thereof Core Technologies(%) growth y/y	599.4	386.3	586.3	665.1	2,237.1	674.0	625.2	603.2	632.3	2,534.7
Sales Electrification Technology(%) growth y/y	88.7	51.1	132.3	133.8	405.9	165.2	147.2	128.9	145.8	587.1
Sales Contract Manufacturing(%) growth y/y	295.7	185.7	304.3	313.6	1,099.3	285.7	260.4	241.0	262.9	1,050.0
Adjusted EBIT VT Group(%) margin)	-54.7	-163.4	102.2	21.4	-94.5	18.6	65.6	22.8	41.6	148.6
Adjusted EBIT EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI E	-2.6%	-12.6%	-4.7%	0.9%	-1.2%	0.8%	3.1%	1.2%	2.0%	1.8%
Therof Core Technologies(%) margin)	12.9	-9.6	70.5	72.9	146.7	-2.2	40.7	20.6	62.1	121.2
Adjusted EBIT Sensing & Actuation(%) margin)	40.4	-23.6	71.9	19.0	107.7	68.6	72.7	52.5	75.4	269.2
Adjusted EBIT Electrification Technology(%) margin)	5.1%	-4.9%	9.3%	2.2%	3.7%	7.8%	9.0%	7.0%	9.6%	8.4%
Therof Core Technologies(%) margin)	59.0	7.6	80.3	34.3	181.2	62.5	84.9	58.3	60.0	265.7
Adjusted EBIT EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI EBI E	120.5	-82.2	-61.8	-101.2	-345.7	-73.3	-66.1	-69.2	-64.4	-273.0
Adjusted EBIT Contract Manufacturing(%) margin)	12.3	7.6	21.5	12.1	53.5	20.8	12.1	10.4	-0.6	42.7
EBT(%) margin)	-271.5	-369.9	428.6	207.0	-5.9	240.8	105.1	-134.7	207.7	418.9
Therof Core Technologies(%) margin)	-137.8	-205.9	-8.4	0.8	-351.3	9.8	39.5	-56.0	40.3	33.6
TOTAL	-36.2%	-441.4	340.4	8.1	-455.7	239.1	65.7	-213.2	21.7	113.3
Effective Tax Rate	1,42%	5,4%	3,8%	5,4%	3,3%	1,9%	4,9%	6,2%	8,7%	5,3%
Net Result(%) margin)	-362.9	-441.4	340.4	8.1	-455.7	239.1	65.7	-213.2	21.7	113.3
Free Cash Flow VT Group(%) of sales)	-17.2%	-34.1%	15.5%	0.3%	-3.7%	10.4%	3.1%	-11.1%	1.1%	1.4%
Balance Sheet Total	8,679.2	7,277.0	7,543.6	8,061.7	8,061.7	8,248.4	8,289.6	7,123.2	7,408.1	7,408.1
Equity Ratio	34.9%	36.7%	33.9%	32.9%	32.9%	33.8%	32.0%	37.1%	36.3%	36.3%
Working Capital	443.8	594.3	324.8	329.9	329.9	423.7	309.1	495.2	366.4	366.4
Working Capital/LTM Sales	-	-	-	4.1%	4.1%	5.2%	3.4%	5.7%	4.4%	4.4%
Short- and Long-Term Financial Debt	1,405.0	857.3	604.1	870.2	870.2	738.6	1,156.1	193.4	-268.9	-268.9
Cash & Cash Equivalents (as stated)	197.5	337.2	402.4	255.0	255.0	273.6	971.8	583.9	614.0	614.0
Cash & Cash Equivalents (de facto cash until Q2/21)	764.2	275.4	558.5	662.9	662.9	881.5	817.4	n.a.	n.a.	n.a.
Net Financial Debt	-512.5	-26.6	-310.6	-405.7	-405.7	-642.1	-580.4	-390.5	-345.1	-345.1
Net Financial Debt/LTM adj. EBITDA	-	-	-	-1.0	-1.0	-1.3	-0.8	-0.6	-0.5	-0.5

Based on IHS Markit, Light Vehicle Production Forecast as of 11/2021
FY 2020 figures re-stated
Capes 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