The LEONI Group 1 st Quarter 2015 The Quality Connection
Contents 1. LEONI Group 2. LEONI Divisions 3. Report 1 st Quarter 2015 4. Outlook 5. Appendix LEONI AG 2
LEONI Group Divisions 2014 Divisions Sales breakdown and operating margin Sales breakdown per region Wiring Systems Wiring systems and electrical components Total sales: 2.40 billion EBIT: 105 million % margin: 4.4 % Employees: 59,056 EMEA 71% thereof Germany 30% points Asia/Pacific 17% Americas 12% Sales 2014: 4.10 billion EBIT 2014: 183 million Wire & Cable Solutions % margin: 4.4 % Employees: 67,988 Wires, cables and cable systems for non automotive applications Total sales: 1.70 billion EBIT: 78 million % margin: 4.6 % Employees: 8,679 EMEA 59% thereof Germany 23% points Asia/Pacific 21% Americas 20% million LEONI AG 3
LEONI Group Sales long-term overview 5500 5000 5,000 4500 4000 CAGR 15% 3,701 3,809 3,918 4,103 4,300 3500 3000 2500 2000 1500 1000 500 307 618 1,114 CAGR 15% 2,367 2,108 1,548 2,912 2,160 2,956 0 1996 1999 2002 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 in million estimated estimated major acquisitions Lucas Rists sales about 100 million Kerpen sales about 116 m Studer Draht- und Kabelwerk AG sales about 84 m Valeo Wiring Systems sales about 574 m LEONI Wiring Systems Korea sales about 121 m LEONI AG 4
LEONI Group External sales 2014 Americas 620 Asia / Pacific 777 EMEA 2,704 thereof Germany 1,108 thereof Europe excl. Germany 874 thereof Eastern Europe 677 thereof Africa 33 Rest of EMEA 12 by regions in million Total 4.1 billion LEONI AG 5
LEONI Group EBIT long-term overview 400 350 350 300 250 200 150 100 50 13 41 72 103 131 138 CAGR 18% CAGR 16% 56 131 237 238 1 163 183 > 200 0-50 -100-150 (116) 1996 1999 2002 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2 in million estimated estimated 1 Including the exceptional income from the sale of Studer Hard AG of 28 million 2 Adjustment of various pre-year amounts due to amendment of IAS 19 LEONI AG 6
LEONI Group Key ratios Net income 200 ROCE 40 156 157 150 30 106 115 24.0 20.9 100 20 67 13.9 13.4 13.7 50 10 0 2010 2011 2012 2013 2014 0 2010 2011 2012 2013 2014 in million in % LEONI AG 7
LEONI Group Net debt / Cash flow Net debt / EBITDA Operating cash flow Free cash flow * 5.0 4.0 300 250 200 246 212 187 181 3.0 150 142 121 2.0 1.8 100 50 51 64 37 1.0 0.7 0.7 0.9 1.0 0-50 (38) 0.0 2010 2011 2012 2013 2014-100 2010 2011 2012 2013 2014 in million * before dividends, acquisitions and purchase or sale of own shares LEONI AG 8
LEONI Group Gearing Equity and net financial debt Equity Net financial debt 1000 917.8 800 737.5 784 827.6 600 481.2 444.6 400 200 233.9 249.2 257 316.2 0 2010 2011 2012 2013 2014 Gearing 92 % 32 % 32 % 31 % 34 % in million LEONI AG 9
Wiring Systems LEONI AG 10
Wiring Systems Technical data of a wiring system Length of cable: more than 3,000 meters Number of single cables: up to 1,500 Number of contacts: up to 3,000 Weight: up to 50 kg LEONI AG 11
Wiring Systems Full service provider The division s products and services range from basic cable harnesses to cables for wired sensors to complete ready-to-install wiring systems for cars and commercial vehicles. The product range also comprises high voltage cable harnesses for vehicles with alternative drive technology. Design Electronical Integrated system components wiring systems LEONI AG 12
Wiring Systems Sales long-term overview in million 3000 2500 2000 1500 CAGR 18% 1,511 1,225 1,634 2,024 2,206 2,321 2,400 2,450 1000 879 954 986 588 500 131 347 0 1996 1999 2002 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 estimated major acquisitions Lucas Rists sales about 100 million Valeo Wiring Systems sales about 574 million LEONI Wiring Systems Korea sales about 121 million LEONI AG 13
Wiring Systems Start-ups 30 number 25 start up costs 20 15 10 5 0 2012 2013 2014 2015 2016 Number of major project starts basis for future growth LEONI AG 14
Wiring Systems Customers (examples) Passenger cars [ 75 % ] Commercial vehicles [ 15 % ] Suppliers [ 10 % ] LEONI AG 15
Wiring Systems Customer segments 2014 Asian Customers 1.5% Systems & Components 8.6% European Customers 24.6% excl. German Customers German Customers 35.6% US Customers & CV 29.7% LEONI AG 16
Wiring Systems Sales per region Sales breakdown per region Final customer market 2015e Americas 11.8 % Americas 20 % Asia / Pacific 17.3 % EMEA 70.9 % thereof Germany 29.6 % points Asia / Pacific 23 % EMEA 57 % LEONI AG 17
Wiring Systems Light vehicles production 150 2014 100 CAGR +4% 87.4 +3% 92.2 98.2 2016 2018 50 +2% +2% 44.5 48.1 51.4 22.1 22.4 24.1 20.9 21.7 22.7 0 EMEA Americas Asia / Pacific Total in million pieces estimated Copyright 2015 IHS, Inc. LEONI AG 18
Wiring Systems Global facilities number of employees 7,456 2,415 23,795 23,827 3,512 3,011 leased personell USA France Romania Egypt China Mexico Germany Russia Morocco India Brazil UK Serbia Tunisia South Korea Portugal Slovakia Ukraine number of employees in total: 61,005 + 3,815 leased personell = 64,820 Main production sites Competence centre as of March 2015 LEONI AG 19
Wiring Systems Electromobility Start of production (Europe) Electric drive Hybrid drive 2013 2014 2015 2016 2017 Sales performance in million 50 40 30 20 10 0 12.6 10.0 0.4 4.1 2011 2012 2013 2014 2015 2016 2017 LEONI AG 20
Wiring Systems Profile No. 1 in Europe No. 4 worldwide Full service provider of wiring systems Cost leadership due to production in low-cost regions in Eastern Europe, North Africa, Asia and Mexico New and follow-on orders from the automotive industry retain growth over many years LEONI AG 21
Wire & Cable Solutions LEONI AG 22
Wire & Cable Solutions Products and markets Automotive Industry & Healthcare Communication & Infrastructure Electrical Appliances Conductors & Copper Solutions LEONI s products and services portfolio Services Cable System Solutions Cable Assemblies Cable Hybrid Cable Fiber Optics Wire & Strands Optical Fibers R&D / Engineering LEONI AG 23
Key markets Automotive Wire and cables for - wiring systems in cars and commercial vehicles - telematics and multimedia - antenna based communication - propulsion and engines - alternative powertrains - safety applications - ergonomics and lighting - driver assistance and active safety systems in the axle wiring - seat heatings Charging cables for electric vehicles Cables with alternative conductor materials Sales: 800 633 672 735 600 400 200 0 in million 2012 2013 2014 LEONI AG 24
Key markets Industry & Healthcare Cable and cable systems, fiber optics, fiber optical cables, optical and mechanical system components for - plant and mechanical engineering - automation and drives - measurement and control technology - robotics - special vehicles - aerospace - telecommunication - medical devices, medical laser applications - patient monitoring - science Sales: 800 600 400 200 0 316 312 347 2012 2013 2014 in million LEONI AG 25
Key markets Communication & Infrastructure Cables and cable systems for - structural and civil engineering as well as traffic infrastructure (e.g. installation cables) - large plant and refineries (project-specific instrumentation and power cables) - power generation and distribution (solar-, wind-, hydro- und nuclear power) - traffic on board (rolling stock, marine technology) - LAN cable system office (copper and fiber optic cables, systems and accessories) - telecommunication networks Sales: 800 600 400 200 0 377 353 367 2012 2013 2014 in million LEONI AG 26
Key markets Electrical Appliances Cables and cable systems for - small appliances - irons - vacuum cleaners - consumer electronics - washing machines Sales: 800 - refrigerators 600 - tools 400 - lighting industry 124 121 120 200 0 2012 2013 2014 in million LEONI AG 27
Key markets Conductors & Copper Solutions Wires and strands for - special cable industry - heating system manufacturers Round, stranded copper flexibles and braided copper tapes for - carbon brushes - welding equipment - mechanical engineering Sales: 800 600 400 153 140 135 200 0 2012 2013 2014 in million LEONI AG 28
Wire & Cable Solutions Sales long-term overview in million 2000 CAGR 13% 1,678 1,603 1,597 1,704 1,850 1500 1,381 1,402 1,322 1,154 1000 936 669 500 177 271 515 0 1996 1999 2002 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 estimated major acquisitions Kerpen Sales about Euro 116 m Studer Draht- und Kabelwerk AG Sales about Euro 84 m LEONI AG 29
Wire & Cable Solutions Customers (examples) Automotive Industry & Healthcare Communications & Infrastructure Electrical Appliances in total about 6.000 customers LEONI AG 30
Wire & Cable Solutions Profile Third largest group in the European cable industry Complete range of technologies and products Leading position in the most important target markets Development of the division into a system supplier LEONI AG 31
1 st Quarter 2015 Highlights Consolidated sales up by about 9 percent to a new high: quarterly sales of more than 1.1 billion for the first time EBIT of 35.2 million (previous year: 50.6 million) due to major pre-production spending on new projects First order for wiring systems from the Korean carmaker Hyundai Motor Company Forecast for the year as a whole reaffirmed LEONI AG 32
1 st Quarter 2015 Group sales 1200 1000 959.0 1,020.2 1,108.8 1,011.0 1,019.4 957.9 1,013.8 990.0 1,050.0 in million 800 600 400 200 0 2013 2014 2015 2013 2014 2015 2013 2014 2015 2013 2014 2015 0.0 Q1 Q2 Q3 Q4 in million Consolidated sales increased by nearly 9 percent (thereof + 6 % currency translation, + 4 % organically, 1 % copper price). LEONI AG 33
1 st Quarter 2015 Group EBIT 80 60 50.6 47.3 48.8 49.8 40 38.5 35.2 39.3 36.5 34.8 20 0 2013 2014 2015 2013 2014 2015 2013 2014 2015 2013 2014 2015 Q1 Q2 Q3 Q4 in million EBIT down to 35.2 million due to pre-production spending. LEONI AG 34
1 st Quarter 2015 Group net income 50 40 41.8 37.5 30 20 22.6 31.6 16.8 23.5 29.9 18.0 16.1 10 0 2013 2014 2015 2013 2014 2015 2013 2014 2015 2013 2014 2015 Q1 Q2 Q3 Q4 in million LEONI AG 35
1 st Quarter 2015 Free cash flow* 200 150 100 98 86 50 23 0-50 -100 (82) (65) (86) (2) (30) (29) -150 2013 2014 2015 2013 2014 2015 2013 2014 2015 2013 2014 2015 Q1 Q2 Q3 Q4 in million The lower earnings figure and the somewhat larger amount of funds tied up in working capital led to the higher negative free cash flow in the 1st quarter. * Before dividends, acquisitions and purchase or sale of own shares LEONI AG 36
1 st Quarter 2015 Key figures in million 01/01 31/03 2013 01/01 31/03 2014 01/01 31/03 2015 Consolidated sales 959.0 1,020.2 1,108.8 EBITDA 68.2 80.7 68.7 EBIT 38.5 50.6 35.2 adjusted EBIT 1 43.0 52.8 37.9 EBT 30,0 43.7 27.8 Net income 22.6 31.6 16.8 Equity ratio in % 33.9 % 34.2 % 33.3 % Net debt 331.4 322.7 397.0 Capital expenditure (incl. acquisitions) 25.5 35.1 38.1 Employees (as at 31/03) 59,884 64,071 70,065 1 Earnings adjusted for the impact of revaluation as part of allocating the prices of major acquisitions, restructuring, impairment of non-current assets, gains on business acquisitions and derivatives relating to business combinations. LEONI AG 37
1 st Quarter 2015 Segment reporting Wire & Cable Solutions Wiring Systems LEONI Group in million 2013 2014 2015 2013 2014 2015 2013 2014 2015 External sales 391.3 422.6 454.9 567.8 597.7 653.9 959.0 1,020.2 1,108.8 EBIT 14.1 18.8 17.0 24.4 31.8 17.9 38.5 50.6 35.2 EBIT / external sales 3.6% 4.4% 3.7% 4.3% 5.3% 2.7% 4.0% 5.0% 3.2% LEONI AG 38
Outlook Forecast 2015 Again an above-average number of start-ups in the Wiring Systems Division Further increase in capital expenditure of approx. 240 million Sales growth to approx 4.3 billion Increase in EBIT to more than Euro 200 million Equity ratio of more than 35 percent Return on capital employed (ROCE) of approx.14 percent è Preparation for the big boost in sales and earnings in 2016 Forecast 2016 Strong contributions from wiring systems projects started in 2014 and 2015 Significant increase in sales to Euro 5 billion Reduction of start-up costs to normal level Full effect of new efficiency programmes Strong increase in earnings to a 7 percent EBIT margin è Confirmation of the forecast already defined in 2011 LEONI AG 39
LEONI Group Consolidated sales by region 100% 90% 80% 8 10 19 20 30 70% 15 16 Asia/Pacific 60% 50% 25 Americas 40% 81 30% 20% 66 63 45 EMEA 10% 0% 2008 2014 2016e 2025e in % LEONI AG 40
Financial calendar 2015 Annual General Meeting 7 May 2015 Interim Report 1 st Quarter 2015 12 May 2015 Interim Report 2 nd Quarter and 1 st Half 2015 11 August 2015 Interim Report 1 st 3 rd Quarter 2015 10 November 2015 Preliminary Figures 2015 February 2016 LEONI AG 41
Contact Investor relations Frank Steinhart Phone +49 (0)911-2023-203 Fax +49 (0)911-2023-10203 E-Mail invest@leoni.com Susanne Kertz Phone +49 (0)911-2023-274 Fax +49 (0)911-2023-10274 E-Mail invest@leoni.com Denise Pfefferler Phone +49 (0)911-2023-489 Fax +49 (0)911-2023-10489 E-Mail invest@leoni.com www.leoni.com LEONI AG 42
Appendix LEONI AG 43
UN Global Compact Declaration of support As a company operating globally, LEONI has made it its mission to ensure observance of human rights and recognised labour standards at our facilities. This form of responsibility was already taken on in 2003 with publication of the LEONI Social Charta, continued in 2007 with the LEONI Code of Ethics and taken further forward in 2011 by joining the UN Global Compact. Further informationen about the Global Compact Communication on Progress can be found on our website www.leoni.com / downloads / corporate responsibility LEONI AG 44
LEONI Group Finance structure Long-term finance (> 1 year) Amount Placed Term (in million ) (year) (to year) Borrower s note loan 63.0 2012 matures 2017 Other bank loans 45.0 2013/14/15 matures up to 2017 EIB loan 100.0 2013 matures 2018 Borrower s note loan 25.0 2012 matures 2018 Borrower s note loan 48.5 2012 matures 2019 Borrower s note loan 25.0 2013 matures 2020 Borrower s note loan 170.5 2015 matures 2020 Borrower s note loan 9.0 2012 matures 2022 Borrower s note loan 40.0 2015 matures 2022 Borrower s note loan 12.0 2015 matures 2025 Total 538.0 Credit lines: short- / medium- / long-term credit lines about: 576,5 million As a matter of principal: no covenants / mortgages LEONI AG 45
Significant key figures in million in million 2010 2011 2012 1 2013 2014 Sales Growth (index 2010 = 100 %) 2,956 100 % 3,701 125 % 3,809 129 % 3,918 133 % 4,103 139 % EBITDA 241 344 354 284 306 EBIT 131 237 238 163 183 EBT 90 196 199 131 151 PAT Growth (index 2009 = 100 %) 67 100 % 156 233 % 157 234 % 106 158 % 115 172 % Depreciation and amortisation 110 107 116 121 123 Cash flow from current business operations 142 246 212 187 181 Investment (cash effective) - Investment in intangible assets and property, plant and equipment - Investment in financial assets and acquisitions Total net debt 445 234 249 257 316 Equity 481 737 784 828 918 Gearing 2 0.9 0.3 0.3 0.3 0.3 Employees (end of period) 55,156 60,745 59,393 61,591 67,988 102 4 127 3 161 25 154 0 220 0 1 Adjustment of various pre-year amounts due to amendment of IAS 19 2 Total net debts / equity LEONI AG 46
Significant key figures in % in % 2010 2011 2012 1 2013 2014 EBITDA (in % of sales) 8.2 9.3 9.3 7.3 7.5 EBIT (in % of sales) 4.4 6.4 6.2 4.2 4.4 EBT (in % of sales) 3.0 5.3 5.2 3.3 3.7 PAT (in % of sales) 2.3 4.2 4.1 2.7 2.8 Equity (in % of balance sheet total) 23.8 31.8 32.9 34.5 34.4 Investment 2 (in % of depreciation / amortisation) 93 128 133 139 175 ROCE 1 3 (in % ) 13.9 24.0 20.9 13.2 13.7 ROCE 2 4 (in % ) 11.7 19.9 17.2 11.2 11.4 ROE 5 (in % ) 14.0 21.1 20.0 12.8 12.5 1 Adjustment of various pre-year amounts due to amendment of IAS 19 2 Investment in intangible assets and property, plant and equipment 3 EBIT / capital employed 4 PAT BI / capital employed 5 PAT / equity LEONI AG 47
Significant key figures per share 2010 2011 2012 3 2013 2014 Shares 1 (million shares) 29.7 32.7 32.7 32.7 32.7 Consolidated net income ( per share) 2.26 4.99 4.80 3.23 3.51 P/E (factor) 14.6 5.2 5.9 16.8 14.1 Dividend (million ) 20.8 49.0 49.0 32.7 39.2 Dividend per share ( ) 0.7 1.50 1.50 1.00 1.20 Dividend yield 2 (in %) 2.1 5.8 5.3 1.8 2.4 BVPS ( ) 16.20 22.57 24.00 25.3 28.09 Market capitalisation 2 (million ) 979 841 933 1,775 1,614 Share price closed ( per share) 32.95 25.75 28.55 54.33 49.40 Share price high for the year ( per share) 34.81 42.31 40.21 55.08 60.66 Share price low for the year ( per share) 13.43 21.69 23.42 28.97 39.02 1 As per yearend 2 Relating to price at yearend 3 Adjustment of various pre-year amounts due to amendment of IAS 19 4 Subject to approval by shareholders at the Annual General Meeting LEONI AG 48
Consolidated income statement Sales Cost of sales 1 2 2014 2013 Change million % million % million % 4,103.4 (3,401.1) 100.0 (82.9) 3,917.9 (3,240.1) 100.0 (82.7) 185.5 (161.0) Gross profit on sales 3 702.3 17.1 677.8 17.3 24.5 3.6 Selling expenses 4 (213.8) (5.2) (196.4) (5.0) (17.4) (8.9) General and administrative expenses 5 (197.4) (4.8) (191.0) (4.9) (6.5) (3.4) Research and development expenses 6 (109.3) (2.7) (106.1) (2.7) (3.2) (3.0) Other operating income 7 12.6 0.3 10.5 0.3 2.1 (20.8) Other operating expenses 8 (11.9) (0.3) (31.3) (0.8) 19.3 61.7 Result from associated companies and joint ventures 9 0.2 0 (0.3) 0 0.5 > 100 EBIT 10 182.5 4.4 163.1 4.2 19.4 11.9 Finance revenue 11 0.7 0.0 0.5 0.0 0.1 22.5 Finance costs 12 (32.6) (0.7) (32.7) (0.9) 0.1 (0.4) Other income from share investments 13 0.1 0.0 0.3 0.0 (0.2) (44.8) Income before taxes 14 150.7 3.7 131.2 3.3 19.5 14.9 Income taxes 15 (35.7) (0.9) (25.3) (0.6) (10.3) (40.8) Net income 16 115.1 2.8 105.9 2.7 9.2 8.7 4.7 (5.0) Addition of the individual amounts in million in the above table may deviate from the reported totals due to rounding LEONI AG 49
Consolidated statement of financial position Assets 31/12/2014 31/12/2013 of funds Disposition Source of funds million % million % million million Cash and cash equivalents 232.0 8.7 198.0 8.3 34.0 Trade receivables and other financial assets 562.4 21.1 522.2 21.8 40.2 Other assets 92.6 3.4 82.2 3.4 10.4 Receivables from income tax 10.9 0.4 12.3 0.5 1.4 Inventories 564.2 21.2 509.7 21.2 54.5 Assets held for sales 9.6 0.4 8.0 0.3 1.6 Total current assets 1,471.7 55.3 1,332.4 55.5 Property, plant and equipment 810.1 30.4 709.8 29.6 100.3 Intangible assets 82.7 3.1 82.3 3.4 0.4 Goodwill 147.7 5.5 148.4 6.2 0.7 Shares in associated companies and joint ventures 0.7 0.0 0.5 0 0.2 Trade receivables from long-term development contracts 55.1 2.0 46.9 2.0 8.2 Other financial assets 7.5 0.3 4.9 0.2 2.7 Deferred taxes 72.0 2.7 57.0 2.4 15.0 Other assets 19.8 0.7 17.7 0.7 2.1 Total non-current assets 1,195.5 44.7 1,067.4 44.5 Total assets 2,667.2 100.0 2,399.7 100.0 269.6 2.1 Addition of the individual amounts in million in the above table may deviate from the reported totals due to rounding LEONI AG 50
Consolidated statement of financial position Equity and liabilities 31/12/2014 31/12/2013 of funds Disposition million % Source of funds million % million million Current financial liabilities and proportion of long-term financial liabilities 99.8 3.7 41.3 1.7 58.5 Trade accounts payable and other financial liabilities 744.2 27.9 698.7 29.1 45.5 Income taxes payable 42.5 1.6 39.5 1.6 2.9 Other current liabilities 150.9 5.7 147.0 6.1 4.0 Provisions 28.3 1.1 37.1 1.6 8.8 Total current liabilities 1,065.8 40.0 963.6 40.1 Long-term loans 448.4 16.8 413.7 17.2 34.7 Long-term financial liabilities 7.5 0.3 6.8 0.3 0.7 Other non-current liabilities 9.1 0.3 9.3 0.4 0.3 Pension provisions 157.2 5.9 113.3 4.7 43.9 Other provisions 23.9 0.9 22.6 1.0 1.4 Deferred taxes 37.5 1.4 42.8 1.8 5.3 Total non-current liabilities 683.7 25.6 608.5 25.4 Equity 917.5 34.4 827.6 34.5 90.2 Total equity and liabilities 2,667.2 100.0 2,399.7 100.0 14.3 281.8 283.9 283.9 Addition of the individual amounts in million in the above table may deviate from the reported totals due to rounding LEONI AG 51
Consolidated cash flow statement page 1 in million 2014 2013 Consolidated net income 115.1 105.9 Adjustments to reconcile cash provided by activities Income taxes 35.7 25.3 Net interest 30.4 30.5 Dividend income (0.1) (0.3) Depreciation and amortisation 123.4 121.0 Other non-cash expenses and income (0.2) 0.3 Result of asset disposals and measurement of assets held for sale 1.3 1.3 Change in operating assets and liabilities, adjusted for the impact of changes in the scope of consolidation Change in receivables and other financial assets (48.3) (49.1) Change in inventories (54.5) (21.2) Change in other assets (12.5) (8.7) Change in provisions (7.9) (3.9) Change in liabilities 54.9 40.6 Income taxes paid (32.7) (23.9) Interest paid (24.2) (31.0) Interest received 0.4 0.4 Dividends received 0.1 0.3 Cash provided by operating activities 180.9 187.4 Addition of the individual amounts in million in the above table may deviate from the reported totals due to rounding LEONI AG 52
Consolidated cash flow statement page 2 in million 2014 2013 Capital expenditures for intangible assets and property, plant and equipment (219.7) (153.6) Capital expenditures for other financial assets 0.0 0.0 Cash receipts from disposal of assets and disposal of assets held for sales (incl. liabilities) 0.9 2.9 Income from disposal of a business operation/ subsidiaries less cash and cash equivalents paid thereof: Disposal proceeds: 0 k (previous year: 120 k) Cash and cash equivalents paid: 0 k (previous year: 0 k) 0 0.1 Cash used for capital spending activities (218.7) (150.7) Cash receipts from acceptance of financial debts 135.3 165.6 Cash repayments of financial debts (37.6) (251.7) Dividends paid by LEONI AG (32.7) (49.0) Dividends paid to the non-controlling interest shareholders (0.2) (0.6) Cash provided by/ used for financing activities 64.8 (135.7) Change of cash and cash equivalents (26.9) (98.9) Currency adjustment 7.1 (1.4) Cash and cash equivalents at beginning of period 198.0 298.3 Cash and cash equivalents at end of period 232.0 198.0 Addition of the individual amounts in million in the above table may deviate from the reported totals due to rounding LEONI AG 53
Disclaimer This presentation includes forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realised from the proposals described herein. This presentation contains a number of forward-looking statements including, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. LEONI has based these forward-looking statements on its views with respect to future events and financial performance. Actual financial performance of the entities described herein could differ materially from that projected in the forwardlooking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, readers should not put undue reliance on any forward-looking statements. Forward-looking statements represent estimates and assumptions only as of the date that they were made. The information contained in this presentation is subject to change without notice and LEONI does not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations. LEONI AG 54