Press conference on the business development of the MAHLE Group for the business year 2013 April 17, 2014 1
Agenda Business environment/economic situation in the automotive industry Business development of the MAHLE Group in 2013 Development of the MAHLE Group Outlook for the 2014 business year MAHLE 2013 business year at a glance 2
Business environment/economic situation in the automotive industry Worldwide automobile production 2012/2013 [in 1.000] 2012 2013 Difference 2012/2013 in % 2012 2013 Difference 2012/2013 in % Pass. cars & light comm. vehicles Pass. cars & light comm. vehicles Pass. cars & light comm. vehicles Commercial vehicles (incl. buses) Commercial vehicles (incl. buses) Commercial vehicles (incl. buses) America 19,725 20,718 5.0 680 742 9.1 - North America 15,434 16,178 4.8 487 477-2.1 - South America 4,291 4,540 5.8 193 265 37.3 Asia/Pacific 40,774 43,029 5.5 1,991 2,070 4.0 - Japan 9,434 9,066-3.9 365 369 1.1 - China 18,568 21,261 14.5 1,055 1,215 15.2 Europe 19,298 19,508 1.1 595 575-3.4 - Germany 5,549 5,631 1.5 144 131-9.0 Other countries 1,714 1,532-10.6 3 4 33.3 Total 81,511 84,787 4.0 3,269 3,391 3.7 Source: IHS Automotive, figures for passenger cars and light commercial vehicles (last updated: March 2014); figures for commercial vehicles (last updated: February 2014) 3
Business development of the MAHLE Group in 2013 Sales development [in million EUR] 8,000 7,000 6,000 5,000 4,000 +36% 5,261 +14% 6,002 +3% 6,159 +13% 6,941 3,000 3,864 2,000 1,000,000 2009 2010 2011 2012 2013 4
Business development of the MAHLE Group in 2013 Group organization Business units and profit centers BUSINESS UNITS Engine Systems and Components Filtration and Engine Peripherals Thermal Management Industry Aftermarket Sales and Application Engineering Advanced Engineering PROFIT CENTERS Motorsports and Special Engines Engineering Services Small Engine Components Mechatronics Thermostats and Valves Control Units Front-end Modules 5
Business development of the MAHLE Group in 2013 Sales: Impact on currency exchange translation effect in euro and first consolidation 7,000 6,000 5,000 4,000 3,000 2,000 6,159.5-311.7 Currency exchange rate effect Major exchange Currency rates exchange rate effects JPY -110.4 +976.1 +117.5 6,941.3 First consolidation effect without currency exchange rate effect 2012 BRL -90.1 2013 USD -43.6 ARS -17.8 INR -15.8 Organic growth 6
Business development of the MAHLE Group in 2013 Financial statements Income statement 2012 2013 Difference 2012/2013 million EUR million EUR million EUR Sales 6,159.5 6,941.3 781.8 Cost of sales 4,849.6-5,530.7-681.1 Gross profit on sales 1,309.9 1,410.6 100.7 Selling, general administrative and R&D expenses -931.9-1,034.2-102.3 Other operating income 199.9 248.3 48.4 Other operating expenses -174.0-202.0-28.0 Financial result -136.8-116.2 20.6 Result from ordinary activities 267.1 306.5 39.4 Taxes -118.5-70.9 47.6 Net income 148.6 235.6 87.0 7
Business development of the MAHLE Group in 2013 Financial statements Balance sheet Assets 2012 2013 2012 2013 million EUR % million EUR % million EUR % million EUR % Equity and liabilities Intangible assets 126.6 3.0 599.6 9.8 Equity 1,775.2 41.8 2,207.5 36.0 Property, plant, and equipment 1,560.6 36.7 2,167.3 35.4 Pension accruals 397.4 9.4 466.3 7.6 Financial assets 233.5 5.5 169.3 2.8 Other accruals 674.9 15.9 1,125.6 18.4 Inventories 738.4 17.4 945.8 15.4 Liabilities to banks 702.6 16.5 1,046.8 17.1 Receivables and other assets Securities and liquid funds 1,064.6 25.1 1,613.9 26.3 Trade payables 482.4 11.4 797.9 13.0 335.9 7.9 465.5 7.6 Other liabilities 215.9 5.0 481.7 7.9 Other assets 188.8 4.4 164.4 2.7 Balance sheet total 4,248.4 100.0 6,125.8 100.0 Balance sheet total 4,248.4 100.0 6,125.8 100.0 8
Business development of the MAHLE Group in 2013 Development of capital expenditure on fixed assets investments/depreciations million EUR 450 400 172 275 199 282 319 265 324 269 284 397 9 350 Investments Depreciations Investments Depreciations Investments Depreciations Investments Depreciations Investments Depreciations 300 250 200 150 100 50 0 2009 2010 2011 2012 2013
Business development of the MAHLE Group in 2013 Construction of the logistics and Aftermarket location at Limeira in São Paulo/Brazil 10
Business development of the MAHLE Group in 2013 Newly built logistics center in Obninsk/Russia 11
Business development of the MAHLE Group in 2013 Development of headcounts [as at Dec. 31] 70,000 60,000 50,000 64,345 40,000 30,000 43,489 47,457 48,818 47,662 20,000 10,000 0,000 2009 2010 2011 2012 2013 12
Business development of the MAHLE Group in 2013 Development of headcounts by regions [as at Dec. 31] 2012 2013 Difference 2012/2013 in % Europe 20,084 29,750 48.1 Thereof Germany 8,988 14,545 61.8 North America 7,508 10,357 37.9 South America 10,565 10,893 3.1 Asia/Pacific 9,505 12,436 30.8 Africa 0 909 Total 47,662 64,345 35.0 13
Business development of the MAHLE Group as of 2003 Long-term trends Sales in billion Euro 8 6 4 3.2 3.8 4.1 4.3 5.1 5.0 3.9 5.3 6.0 6.2 6.9 2 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Income from ordinary activities in million EUR (profit before taxes) 400 300 200 100 0-100 -200 351 267 275 295 308 237 252 181 307 85-165 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Employees in thousand 80 60 40 30 36 37 39 48 49 43 47 49 48 64 20 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 14
Development of the MAHLE Group Bosch Mahle Turbo Systems starts subsidiary in China 15
Development of the MAHLE Group Acquisition of the majority share in the Behr Group, today MAHLE Behr Group 16
Development of the MAHLE Group MAHLE acquires share of Kokusan Denki Co., Ltd. Production plant in Gotemba/Japan Headquarter of Kokusan Denki 17
Development of the MAHLE Group Increased participation in MAHLE India Pistons Ltd. 18
Outlook for the 2014 business year Worldwide automobile production 2013/2014 [in 1.000] 2013 2014 Difference 2013/2014 in % 2013 2014 Difference 2013/2014 in % Pass. cars & light comm. vehicles Pass. cars & light comm. vehicles Pass. cars & light comm. vehicles Commercial vehicles (incl. buses) Commercial vehicles (incl. buses) Commercial vehicles (incl. buses) America 20,718 21,293 2.8 742 820 10.5 - North America 16,178 16,761 3.6 477 537 12.6 - South America 4,540 4,532-0.2 265 283 6.8 Asia/Pacific 43,029 44,449 3.3 2,070 2,107 1.8 - Japan 9,066 8,425-7.1 369 394 6.8 - China 21,261 23,116 8.7 1,215 1,168-3.9 Europe 19,508 19,723 1.1 575 632 9.9 - Germany 5,631 5,604-0.5 131 141 7.6 Other countries 1,532 1,804 17.8 4 3-25.0 Total 84,787 87,269 2.9 3,391 3,562 5.0 Source: IHS Automotive, figures for passenger cars and light commercial vehicles (last updated: March 2014); figures for commercial vehicles (last updated: February 2014) 19
Outlook for the 2014 business year Image of new plant in Wuhan/China (Installation under construction) 20
Outlook for the 2014 business year Image of new plant in Shenyang/China (Installation under construction) 21
Outlook for the 2014 business year Image of MAHLE Technologies Holding (China) in Shanghai, 3rd phase of expansion (New installation under construction) 22
Outlook for the 2014 business year Image of new plant in Jakarta/Indonesia (Installation under construction) 23
MAHLE 2013 business year at a glance 2012 million EUR 2013 million EUR Difference in % Sales 6,159 6,941 +12.7 - Europe 2,867 3,432 +19.7 - North and South America 1,989 2,171 +9.1 - Asia/Pacific 1,303 1,325 +1.7 - Africa 0 13 Income from ordinary activities 267 307 +15.0 in % of sales 4.3% 4.4% Net income 149 236 +58.4 in % of sales 2.4% 3.4% Capital expenditure on tangible fixed assets 324 397 +22.5 Expenditure for R&D 289 336 +16.3 Balance sheet total 4,248 6,126 +44.2 Equity 1,775 2,207 +24.3 Equity ratio 41.8% 36.0% Headcount 47,662 64,345 +35.0 - Germany 8,988 14,545 61.8 - Europe (incl. Germany) 20,084 29,750 48.1 - North and South America 18,073 21,250 17.6 - Asia/Pacific 9,505 12,436 30.8 - Africa 0 909 24