half-year press conference on the business development in ......2012/2013/2014 [in million pcs.]...

© MAHLE

Half-year press conference on the business

development in the 1st half of 2014 and

outlook for the MAHLE Group

September 8, 2014

MAHLE GmbH, Half-year press conference, business development in the 1st half of 2014 and outlook MAHLE Group, 08/09/2014

© MAHLE

Agenda

Business environment/economic situation in the automotive industry

Business development in 2014 and outlook

Development of the MAHLE Group/major events

2


Business environment/economic situation automotive industry

© MAHLE

Production of passenger cars and light comm. vehicles

2012/2013/2014 [in million pcs.]

19.3 19.5 20.0

0

10

20

30

40

50

Actual 2012 Actual 2013 Forecast 2014

40.8 43.0 45.0

0

10

20

30

40

50


15.4 16.2 17.0

0

10

20

30

40

50


1.7 1.5 1.8

0

1

2

3

4

5

6


Europe North America Asia/Pacific

ROW World market

81.5 84.7 87.8

0

20

40

60

80

100

120


South America

4.3 4.5 4.0

0

1

2

3

4

5

6


Source: IHS AutoInsight August 2014

+1.0%1 +2.5%2 +4.8% +5.2% +5.4% +4.6%

+5.7% –10.8% –11.7% +17.6% +3.9% +3.6%

1 Comparison Actual 2013 with Actual 2012

2 Comparison Forecast 2014 with Actual 2013

3


3,213 3,346 3,407

0

1000

2000

3000

4000

5000

Actual 2012 Actual 2013 Prognose 2014

1,938 2,035 2,061

0

500

1000

1500

2000

2500


Business environment/economic situation automotive industry

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Production of heavy commercial vehicles and buses (>6 t)

2012/2013/2014 [in thousand pcs.]

596 589 580

0

200

400

600

800

1000


192 254 235

0

100

200

300

400

500


484 465 528

0

200

400

600

800

1000


Europe Asia/Pacific

World market (incl. ROW) South America

–1.6%2 –1.0%1 +13.6% –4.1%

–7.7% +32.2% +1.8% +4.1%

+1.3% +5.0%

1 Comparison Actual 2013 with Actual 2012

2 Comparison Forecast 2014 with Actual 2013

Source: IHS AutoInsight August 2014

North America

4


3,033.4 175.4

1,954.7 101.9 4,914.6

2,000

2,500

3,000

3,500

4,000

4,500

5,000

Exchange rate

effects

Business development in 2014 – MAHLE Group

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Sales in comparison with previous year – 1st half-year [million EUR]

Jan. – June 2013* Jan. – June 2014

Organic growth

≈ Changes to the

consolidation group

with FX effects

* MAHLE without MAHLE Behr

5



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Sales contribution by region

1st half-year 2013 – 1st half-year 2014

Total: EUR 3,033.4 million* EUR 4,914.6 million

Asia/Pacific

20%

South America

12%

North America

21%

Europe

47%

Jan. – June 2013 Jan. – June 2014

Asia/Pacific

17%

South America

7%

Europe

53%

North America

23%

South Africa

0.5%


6


Business development in 2014 and outlook – MAHLE Group

© MAHLE

Sales development [million EUR]

5,261

6,002 6,159

6,941

,000

2,000

4,000

6,000

8,000

10,000

2010 2011 2012 2013* 2014 (Forecast)

+13%

+14% +3%

+ ≈ 40%

* Including 3 months MAHLE Behr (October to December 2013)

Approx. 9,700 – 9,800

7



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Headcount development

47,457 48,818 47,662 47,955

63,519

,000

10,000

20,000

30,000

40,000

50,000

60,000

70,000

2010 2011 2012 2013 (30/06) 2014 (30/06)


8



© MAHLE

KPIs

9

1st half-year

2014

1st half-year

2013

Difference in

%

Sales* 4,914.6 3,033.4 62.0

Income from ordinary activities* 217.1 115.3 88.3

Net income for the half-year* 146.1 60.4 141.9

Capital expenditure on tangible fixed

assets (without first consolidation)* 178.4 132.6 34.5

Headcount (as at June 30) 63,519 47,955 32.5

Number of production locations 140 100 40.0

Number of R&D centers 10 7 42.9

* in million EUR



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New sales and logistics center

MAHLE Aftermarket in South America

10



© MAHLE

Acquisition of majority shareholding in Letrika

Product overview

Alternator BLDC motor Controller

DC motors EGT pump motor EPS motor

Starter Traction motor Water pump motor

13

half-year press conference on the business development in ......2012/2013/2014 [in million pcs.]...

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