Annual Press Conference - Continental Tyre Group AG
Annual Press Conference - Continental Tyre Group AG
Annual Press Conference - Continental Tyre Group AG
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<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
1<br />
03. März 2011 © <strong>Continental</strong> <strong>AG</strong><br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary<br />
Results<br />
Preliminary Results 2011
2011: Records in Anniversary Year<br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
2<br />
Grew nearly twice as strong as the markets in almost all business areas.<br />
Sales increase of 17% to €30.5 billion.<br />
EBIT of €2.6 billion, margin of 8.5%.<br />
Adjusted* EBIT of a good €3 billion, adjusted margin of 10.1%.<br />
March 1, 2012 © <strong>Continental</strong> <strong>AG</strong><br />
* Before amortization of intangible assets from PPA, changes in the scope of consolidation and special effects<br />
Preliminary<br />
Results
2011: Records in Anniversary Year<br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
3<br />
Reduction of net indebtedness to less than €6.8 billion.<br />
Net income attributable to the shareholders of the parent doubled to<br />
a good of €1.2 billion.<br />
Creation of almost 30,000 jobs worldwide within two years.<br />
March 1, 2012 © <strong>Continental</strong> <strong>AG</strong><br />
Preliminary<br />
Results
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
4<br />
March 1, 2012 © <strong>Continental</strong> <strong>AG</strong><br />
We have continued on our path to<br />
success with drive and energy.<br />
Preliminary<br />
Results
2012: Expectations<br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
5<br />
We look to the new fiscal year with cautious optimism.<br />
Consolidated sales will be slightly higher in the first quarter of 2012 than the very<br />
strong level of the fourth quarter of 2011.<br />
Sales increase of more than 5% to over €32 billion expected.<br />
Our aim is to match the high margin level of the adjusted EBIT from 2011.<br />
March 1, 2012 © <strong>Continental</strong> <strong>AG</strong><br />
Preliminary<br />
Results
2012: Expectations<br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
6<br />
A level of net indebtedness below €6.5 billion to be achieved.<br />
Free cash flow of more than €600 million planned.<br />
Capital expenditures of approximately €2 billion intended.<br />
March 1, 2012<br />
© <strong>Continental</strong> <strong>AG</strong><br />
Preliminary<br />
Results
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
7<br />
March 1, 2012<br />
© <strong>Continental</strong> <strong>AG</strong><br />
<strong>Continental</strong> will continue its<br />
above-average profitable growth on the<br />
basis of a record year.<br />
Preliminary<br />
Results
Strong EBIT Despite Enormous Additional Costs<br />
in € millions<br />
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Preliminary Results 2011<br />
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1,935<br />
483<br />
EBIT 2010<br />
March 1, 2012 © <strong>Continental</strong> <strong>AG</strong><br />
Rubber <strong>Group</strong>: 1,612<br />
1,080<br />
PLT<br />
115<br />
CVT<br />
417<br />
ContiTech<br />
Automotive <strong>Group</strong>: 1,024<br />
662<br />
Chassis &<br />
Safety<br />
331<br />
Interior<br />
31<br />
Powertrain<br />
Holding<br />
-40<br />
2,597<br />
1,029<br />
EBIT 2011<br />
Preliminary<br />
Results<br />
EBIT<br />
Raw material<br />
costs (rubber and<br />
rare earths)
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
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March 1, 2012<br />
© <strong>Continental</strong> <strong>AG</strong><br />
Dividend proposal of<br />
€1.50 per share for fiscal 2011.<br />
Preliminary<br />
Results
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
10<br />
03. März 2011 © <strong>Continental</strong> <strong>AG</strong><br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary<br />
Results<br />
Preliminary Results 2011
Net Indebtedness Reduced Significantly<br />
in € millions<br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
11<br />
March 1, 2012<br />
10,856<br />
158 %<br />
year-end 2007<br />
© <strong>Continental</strong> <strong>AG</strong><br />
190 %<br />
10,484<br />
219 %<br />
8,896<br />
118 %<br />
7,317<br />
year-end 2008 year-end 2009 year-end 2010<br />
6,772<br />
90 %<br />
year-end 2011<br />
Medium-term goal:<br />
less than 60%<br />
Preliminary<br />
Results<br />
Reduction of more than<br />
€4 billion within 4 years<br />
Net indebtedness<br />
Gearing Ratio
Balanced Maturity Profile<br />
in € millions*<br />
Revolving<br />
credit facility**<br />
(maturing 4/2014)<br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
12<br />
Short-term<br />
debt***<br />
EIB loan<br />
March 1, 2012 © <strong>Continental</strong> <strong>AG</strong><br />
At December 31, 2011<br />
1,026<br />
1,188<br />
Next major<br />
maturity<br />
2,910<br />
300 61<br />
750<br />
625<br />
2012 2013 2014 2015 2016<br />
* Maturities do not add up to gross indebtedness amounting to €8,562 million at December 31, 2011.<br />
** Maturity of the nominal amount of €1,026.4 million currently drawn down under the revolving<br />
line of credit for €2.5 billion of the syndicated loan in 2014.<br />
*** Primarily short-term maturities usually continued on to the next year.<br />
Bond Maturities<br />
1,000<br />
625<br />
2017 2018<br />
Preliminary<br />
Results
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03. März 2011 © <strong>Continental</strong> <strong>AG</strong><br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
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E-Mobility<br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
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03. März 2011 © <strong>Continental</strong> <strong>AG</strong><br />
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<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
15<br />
March 1, 2012<br />
Safeguarding growth: Spending €1.6 billion<br />
© <strong>Continental</strong> <strong>AG</strong><br />
on research and development.<br />
Preliminary<br />
Results
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
16<br />
March 1, 2012<br />
In 2012, we intend to invest with a focus<br />
on the growing markets of the tire business.<br />
© <strong>Continental</strong> <strong>AG</strong><br />
Preliminary<br />
Results
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Preliminary Results 2011<br />
17<br />
03. März 2011 © <strong>Continental</strong> <strong>AG</strong><br />
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Preliminary Results 2011
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01. März 2012 © <strong>Continental</strong> <strong>AG</strong><br />
Preliminary<br />
Results
Diversity<br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
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03. März 2011 © <strong>Continental</strong> <strong>AG</strong><br />
Preliminary<br />
Results
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
20<br />
03. März 2011 © <strong>Continental</strong> <strong>AG</strong><br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary<br />
Results<br />
Preliminary Results 2011
Outlook: Expected Economic Parameters<br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
21<br />
in million units<br />
2011 2012E<br />
20.1 19.0<br />
13.2 13.7<br />
-5% 4%<br />
PC & LT Production<br />
© <strong>Continental</strong> <strong>AG</strong><br />
4.1 4.1<br />
-2%<br />
37.2 38.9<br />
5%<br />
Europe NAFTA LAAM Asia<br />
Source: IHS and own estimates<br />
March 1, 2012<br />
in thousand units<br />
547 520<br />
Commercial Vehicle Production<br />
2011 2012E<br />
-5%<br />
408 440<br />
253 239<br />
8% -6%<br />
Europe NAFTA LAAM Asia<br />
Preliminary<br />
Results<br />
2,228 2,472<br />
11%
Outlook: Expected Economic Parameters<br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
22<br />
in million units in thousand units<br />
PC & LT Replacement Tire Market<br />
2011 2012E<br />
297 297<br />
253 261<br />
© <strong>Continental</strong> <strong>AG</strong><br />
57 59<br />
268 287<br />
0% 3% 7%<br />
4%<br />
Europe NAFTA LAAM Asia<br />
Source: LMC and own estimates<br />
March 1, 2012<br />
18.6 19.2<br />
CV Replacement Tire Market<br />
2011 2012E<br />
20.5 20.9<br />
3% 2%<br />
14.0 14.6<br />
4%<br />
Preliminary<br />
Results<br />
66.5 70.5<br />
6%<br />
Europe NAFTA LAAM Asia
Outlook 2012<br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
23<br />
Sales increase exceeding 5% to over €32 billion.<br />
High level of adjusted EBIT margin from 2011 to be matched in 2012.<br />
Goal of net indebtedness below €6.5 billion.<br />
Medium-term goal: Reduce gearing ratio to under 60%.<br />
March 1, 2012<br />
© <strong>Continental</strong> <strong>AG</strong><br />
Preliminary<br />
Results
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
Preliminary Results 2011<br />
24<br />
Your mobility. Your freedom. Our signature.<br />
03. März 2011 © <strong>Continental</strong> <strong>AG</strong><br />
Preliminary<br />
Results
Contacts with Corporate Communications<br />
<strong>Continental</strong> <strong>AG</strong> Dr. Felix Gress<br />
Vahrenwalder Straße 9 Senior VP Corporate Communications<br />
30165 Hanover Phone: +49 511 938-1485<br />
Germany Email: felix.gress@conti.de<br />
Phone: +49 511 938-1794 Antje Lewe<br />
Fax: +49 511 938-1016 Spokeswoman<br />
Business and Finance<br />
corporate-media-relations@conti.de Phone: +49 511 938-1364<br />
www.continental-media.com Email: antje.lewe@conti.de<br />
<strong>Annual</strong> <strong>Press</strong> <strong>Conference</strong><br />
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March 1, 2012<br />
© <strong>Continental</strong> <strong>AG</strong><br />
Vincent Charles<br />
Spokesman<br />
Innovation and Technology<br />
Phone: +49 511 938-1622<br />
Email: vincent.charles@conti.de<br />
Hannes Boekhoff<br />
VP Media Relations<br />
Phone: +49 511 938-1278<br />
Email: hannes.boekhoff@conti.de<br />
Preliminary<br />
Results<br />
Denise Maria Samardžić<br />
Spokeswoman<br />
HR and Career<br />
Phone: +49 511 938-1640<br />
Email: denise-maria.samardzic@conti.de<br />
Kristin Bartels<br />
Team Assistant<br />
Phone: +49 511 938-1794<br />
Email: kristin.bartels@conti.de
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