Fact Book 2011 |
© Continental AG
1
1
Fact Book – 2011 Fiscal Year
2
Disclaimer
This presentation has been prepared by Continental Aktiengesellschaft and includes information available to us until March 23, 2012.
It has not been independently verified. It does not constitute an offer, invitation or recommendation to purchase or subscribe for any
shares or other securities issued by Continental AG or any of its affiliates and neither shall any part of it form the basis of, or be
relied upon in connection with, any contract or commitment concerning the purchase or sale of such shares or other securities or any
other financial investment or exposure whatsoever.
Neither Continental Aktiengesellschaft nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in
negligence or otherwise) for any loss that may arise from any use of this presentation or its contents or otherwise arising in
connection with this presentation.
This presentation includes assumptions, estimates, forecasts and other forward-looking statements, including statements about our
beliefs and expectations regarding future developments as well as their effect on the results of Continental. These statements are
based on plans, estimates and projections as they are currently available to the management of Continental. Therefore, these
statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new
information or future events. Furthermore, although the management is of the opinion that these statements, and their underlying
beliefs and expectations, are realistic as of the date they are made, no guarantee can be given that the expected developments and
effects will actually occur. Many factors may cause the actual development to be materially different from the expectations expressed
here. Such factors include, for example and without limitation, changes in general economic and business conditions, fluctuations in
currency exchange rates or interest rates, the introduction of competing products, the lack of acceptance for new products or
services and changes in business strategy.
All statements with regard to markets or market position(s) of Continental or any of its competitors are estimates of Continental
based on data available to Continental. Such data are neither comprehensive nor independently verified. Consequently, the data
used are not adequate for and the statements based on such data are not meant to be, an accurate or proper definition of regional
and/or product markets or market shares of Continental and any of the participants in any market.
Fact Book 2011 |
© Continental AG
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3
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group V.
Rubber Group VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
4
Continental at a Glance
140 Years of Progress and Achievement
Merger with major companies of
the German rubber industry to
form Continental Gummi-Werke
AG.
Acquisition of a US company’s
Automotive Brake & Chassis
unit, the core of which is Alfred
Teves GmbH in Frankfurt.
Continental-Caoutchouc- und
Gutta-Percha Compagnie is
founded in Hanover, Germany.
Continental strengthens its
position in the ASEAN region
and Australia by establishing
its Continental Sime Tyre joint
venture.
Takeover of the European tire operations of Uniroyal,
the tire operations of the Austrian company Semperit,
the North American tire manufacturer General Tire.
Continental reinforces its activities by
acquiring Temic, the international
electronics specialist.
Continental acquires Siemens VDO
Automotive AG and advances to
among the top five suppliers in the
automotive industry worldwide, at the
same time boosting its market position
in Europe, North America and Asia.
Continental expands its activities in
telematics, among other fields, with
the acquisition of the automotive
electronics business from Motorola.
Through the acquisition of Phoenix,
ContiTech becomes one of the world’s
leading specialist for rubber and
plastics technology outside the tire
industry.
1871
1929
1979
1985
1987 1998
2001
2003 2004
2006
2007
Continental acquires a majority interest in
the Slovak company Continental Matador
Rubber s.r.o. and expands its position for
the Tire and ContiTech divisions in Central
and Eastern Europe.
2011
Continental strengthens its
position in the tire business
in Asia by acquiring the
Indian tire manufacturer
Modi Tyres Company
Limited.
Fact Book 2011 |
© Continental AG
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5
6,743
9,132
10,115
11,233 11,408 11,534
12,597
13,837
14,887
16,619
24,239
20,096
26,047
30,505
398 607 533
33
694 855 1,157
1,507 1,602 1,676
-296
-1,040
1,935
2,597
138 235 205 -258
226 314 716
930 982 1,021
-1,124 -1,649
576
1,242
0
5,000
10,000
15,000
20,000
25,000
30,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007³ 2008 2009 2010 2011
Sales
EBIT
NIAT2)
US GAAP IFRS
Continental at a Glance
Continental Corporation – Sales, EBIT & Net Income1)
1) From 1998 until 2003 US GAAP / from 2004 onwards IFRS
2) Net income attributable to the shareholders of the parent under IFRS since 2004
3) Since December 1, 2007, including Siemens VDO
(in € millions)
6
Continental at a Glance
Executive Board
José A. Avila
Powertrain
Division
Helmut Matschi
Interior
Division
Dr. Ralf Cramer
Chassis & Safety
Division
Nikolai Setzer
Tire
Division
Heinz-Gerhard Wente
ContiTech
Division
Corporate Function:
Purchasing
Dr. Elmar Degenhart Chairman of the Executive Board
Corporate Functions:
Corporate Quality and Environment, Corporate Communications,
Continental Business System, Automotive Central Functions
Elke Strathmann
Corporate Functions:
Human Resources,
Director of Labor Relations
Wolfgang Schäfer
Corporate Functions:
Finance, Controlling,
Compliance, Law, IT
Fact Book 2011 |
© Continental AG
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7
Road traffic accidents
CO2 targets EU, US & China (g/km)
Source: ICCT Int. Council of Clean Transportation, Global Passenger
Vehicle FE/GHG regulations (1/2011)
Safety – For safe mobility
Environment – For clean power Information – For intelligent driving
Affordable Cars – For global mobility
Infotainment
12.0
16.9
2011 2016E
A&B segment in BRIC (million units)
Multimedia
GPS / Galileo
Other Cars
* Data based on framework used to predict road traffic mortality
constructed by World Health Organization WHO
Source: Global Status Report on road safety, WHO 2009 Source: IHS February 2012
219
181
144
185 167
117
142 130
95 131 125 105
2010 2015E 2020E
USA China EU Japan
Continental Strategy
Megatrends in the Automotive Industry
142,252 234,768 175,668
117,997
285,020
278,321
Region of the
Americas
African Region
Eastern
Mediterranean
Region
South-East
Asia
Region
Western
Pacific
Region
European
Region
Number of road traffic deaths*
Infrastructure
8
6.8
12.9
2008 2015E
Continental at a Glance Among the Leading Global Suppliers in Key Automotive Electronics Applications
Source: Global Insight, The Freedonia Group
1) ESC: Electronic Stability Control is a type of electronic brake system
2) Source: Frost & Sullivan, December 2009
Actuation
Advanced driver assistance
systems
Airbag electronics
Electronic brake systems (EBS)
Foundation brake systems
Diesel injection systems
Gasoline injection systems
Transmission control units
Double clutch transmission
control units
Body & security products
CV interiors
Device connectivity & telematics
units
Instrumentation and displays &
human machine interfaces
Sales 2011 €6,511 mn
% of total 21%
Sales 2011 €5,842 mn
% of total 19%
Sales 2011 €6,111 mn
% of total 20%
ESC1 installation rate by region (%)
Gasoline direct injection systems
installation rate by region (%) Telematics market2 (in $ billion)
Chassis & Safety Powertrain Interior
15%
34%
17%
45%
2011 2016E EU NAFTA
69%
86% 92%
99%
2011 2016E EU NAFTA
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9
OE 53%
Non-OE
47% OE
22%
Non-OE
78%
Sales 2011 €6,958 mn
% of total 22%
OE 27%
Non-OE
73%
Sales 2011 €3,583 mn
% of total 12%
Continental at a Glance
Among the Leading Global Suppliers in Tire and Non-Tire Rubber
Sales breakdown (%)
Europe overall
Europe OE
Europe winter tires
North America among top 5
Europe overall among top 4
Europe OE
Europe industrial tires
North America among top 4
Automotive hoses & hose lines
Automotive interior trim
Conveyor belts
Marine & oil hoses & hose lines
Multiple V-ribbed belts & timing belts
Railway air springs
Truck & bus air springs
Sales 2011 €1,854 mn
% of total 6%
Passenger & Light Truck Tires Commercial Vehicle Tires ContiTech
Sales breakdown (%) Sales breakdown (%)
Tires
10
Continental at a Glance
Continental Corporation Worldwide
More than 265 sites for production, R&D and sales in 46 countries. Headquarters in Hanover, Germany.
Status: January 2012
Europe
South America
Argentina
Brazil
Chile
Ecuador
Asia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Sri Lanka
Taiwan
Thailand
Tunisia
South Africa
Africa Australia
Austria
Belgium
Czech Republic
Denmark
Finland
France
Germany
Greece
Hungary
Serbia
Slovakia
Spain
Sweden
Switzerland
Turkey
UK
North America
Canada
Mexico
USA
Ireland
Italy
Kazakhstan
Netherlands
Norway
Poland
Portugal
Romania
Russia
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© Continental AG
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11
Continental at a Glance
Development of Consolidated Sales by Region
* Since December 2007 including Siemens VDO
31% 31%
29% 27% 26%
37%
36%
34%
33%
33% 21%
19%
18%
19%
19%
8%
10%
14%
16%
17%
3%
4%
5%
5%
5%
16.6
24.2
20.1
26.0
30.5
2007* 2008 2009 2010 2011
(in € billions)
Germany Rest of Europe NAFTA Asia Other countries
12
Continental at a Glance
Development of Consolidated Sales by Division
* Since December 2007 including Siemens VDO
9%
24% 21%
21% 20% 7%
16%
17%
18% 19%
28%
21%
22%
22%
21%
29%
21%
23%
22%
22%
9%
6%
5%
5%
6%
18%
12%
12%
12%
12%
16.6
24.2
20.1
26.0
30.5
2007* 2008 2009 2010 2011
(in € billions)
Interior Powertrain Chassis & Safety Passenger and Light Truck Tires Commercial Vehicle Tires ContiTech
Fact Book 2011 |
© Continental AG
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Continental at a Glance
Number of Employees by Region
* Since December 2007 including Siemens VDO
34% 33% 33% 31% 30%
32%
33% 33%
32% 31%
17%
16% 14%
14%
15%
12%
13% 14%
16%
18%
5%
5% 6%
7%
6% 151,654
139,155 134,434
148,228
163,788
2007* 2008 2009 2010 2011
Germany Rest of Europe NAFTA Asia Other Countries
14
Continental at a Glance
Number of Employees by Division
* Since December 2007 including Siemens VDO
22% 22% 20% 20% 19%
21% 18%
18% 18%
19%
18%
19% 20%
21%
20%
17%
19% 20%
19%
19%
6%
6% 6%
5%
6%
16%
16% 16%
17%
17% 139,155 134,434
148,228
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
2007* 2008 2009 2010 2011
Interior Powertrain Chassis & Safety Passenger and Light Truck Tires Commercial Vehicle Tires ContiTech
151,654
163,788
Fact Book 2011 |
© Continental AG
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Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group V.
Rubber Group VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
16
Continental Strategy
We Shape the Megatrends in the Automotive Industry
Information – For intelligent driving
Affordable Cars – For global mobility
Environment – For clean power
Safety – For safe mobility
Fact Book 2011 |
© Continental AG
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Affordable Cars – For global mobility Safety – For safe mobility
Continental Strategy
Systematic Entrepreneurial Approach
Information – For intelligent driving Environment – For clean power
Target to grow
5%-points faster
than
underlying markets
Cost
Conscious-
ness
Value
Creation –
20% ROCE
Target 2015
“In the
Market
for the
Market”
Aim for
Leading
Market
Position
Sales
Non-OE
> 40%
Solid
Financing
Profile (< 60% gearing)
18
Continental Strategy – Megatrend Environment
Initiatives in EU, USA and Japan – Towards Cleaner Mobility
EU aims to reduce CO2 emissions by
improvement in vehicle technology:
For passenger cars, EU targets average
CO2 emissions at:
• 130 g/km* from 20155
• 95 g/km from 2020
For passenger cars, excess emissions
premiums will be implemented in steps
from 2012 onwards (100% penalty only in
2015) if not meeting targets
For light commercial vehicles, EU
targets average CO2 emissions at:
• 175 g/km from 2017
• 147g/km from 2020
EU1
1) Regulations (EC) No. 443/2009 and (EU) No. 510/2011
2) Refers to the joint proposal of NHTSA and EPA, May 2009, and President Obama’s NFPE; The White House, May 19, 2009
3) Refers to the joint proposal of NHTSA and EPA, November 2011
4) Refers to “Act on the Rational Use of Energy” of the Ministry of Economics, Trade and Industry (METI) and Ministry of Land, Infrastructure, Transport and Tourism (MLIT)
5) Corresponds to the EU6 emission standard
6) NHTSA: National Highway Traffic Safety Administration
7) EPA: Environmental Protection Agency
8) CAFE: Corporate Average Fuel Economy
9) 35.5 mpg CAFE = 250g/mile CAFE = 171 g/km NEDC ; 54.5 mpg CAFE =162g/mile CAFE = 110 g/km NEDC
10) ECCJ: Energy Conservation Center Japan
11) 16.8 km/l JC08 = 140 g/km JC08= 125 g/km NEDC
Emerging markets likely to follow Europe/USA/Japan on fuel efficiency standards
NHTSA6 and EPA7 to establish a National
Fuel Efficiency Policy (NFEP):
For passenger cars and light trucks
combined, CAFE8 set to increase to:
• 35.5 mpg* by 20169
• 54.5 mpg by 20259
USA2,3
ECCJ10 aims to improve fuel efficiency
standards by 23.5% by 2015 vs. 2004:
For passenger cars and light duty trucks
(<3.5 tonnes), the aim is to increase
average level of fuel efficiency to:
• 16.8 km/l* by 201511
Japan4
Test Cycle: CAFE (Corporate Average Fuel Economy)
* Miles per gallon
Test Cycle: JC08 (Japanese Cycle)
* Kilometers per liter
Test Cycle: NEDC (New European Driving Cycle)
* Gram per kilometer
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© Continental AG
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Continental Strategy – Megatrend Environment
Initiatives Towards Cleaner Mobility in Different Regions
US 2025:110
EU 2020: 95
Japan 2020: 105 China 2020: 117
90
110
130
150
170
190
210
230
250
270
2000 2005 2010 2015 2020 2025
US-LDV EU Japan China S. Korea
Solid dots and lines: historical performance
Solid dots and dashed lines: enacted targets
Solid dots and dotted lines: proposed targets
Hollow dots and dotted lines: unannounced proposal
1) US and Canada light-duty vehicles include light commercial vehicles.
2) China's target reflects gasoline fleet scenario. If including other fuel types, the target will be lower.
3) New European Driving Cycle
Source: International Council on Clean Transportation
1 2
Gram CO2 per kilometer, normalized to NEDC3
20
Continental Strategy – Megatrend Environment Reduction of CO2 Emissions1: Solutions by Continental
1) Saving potential compared with gasoline port fuel injection Euro 4
2) Selective Catalytic Reduction
3) DEKA injector for diesel dosing into exaust gas
4) Advanced Energy Supply
5) Power-on-demand
Hybrid electric vehicle
Piezo common rail injection
Gasoline direct injection
Engine downsizing and turbocharger
Telematics, ACC, ADAS
SCR² systems/DDS³
Energy management (AES⁴)
Tires (rolling resistance, TPMS)
Double clutch transmission
Transmission (POD⁵)
Energy management (POD⁵)
Brake systems Min Max
~25%
~25%
15-20%
~15%
5-12%
5%
2-5%
3%
3%
1-2%
1-2%
5%
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© Continental AG
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21
Continental Strategy – Megatrend Environment
Engine Development Roadmap
Source: IHS and own estimates as of May 2011
* Percentage of worldwide light vehicle production volume
0
20,000
40,000
60,000
80,000
100,000
120,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Diesel Gasoline Port Fuel Gasoline Direct Injection Hybrid EV EV
Light vehicle production by drive type (thousand units)
70%*
52%* 41%*
22%* 7%* 28%*
21%* 21%* 20%*
12%*
22
Continental Strategy – Megatrend Environment
Development of Worldwide Turbo Charger Volumes
Source: IHS and Continental estimates as of May 2011
0
20,000
40,000
60,000
80,000
2010 2015 2020
Diesel cars Turbo installation rate
Diesel turbo charger (thousand units) Gasoline turbo charger (thousand units)
2010 2015 2020
Gasoline cars Turbo installation rate
9%
19%
24% 97%
97% 98%
CAGR = 2.7% CAGR = 3.2%
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© Continental AG
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Continental Strategy – Megatrend Environment
Development of Worldwide Gasoline Turbo Charger Volumes
Source: IHS and Continental estimates as of May 2011
Gasoline turbo charger by cubic capacity (thousand units)
0
10,000
20,000
30,000
40,000
2010 2015 2020 2010 2015 2020 2010 2015 2020 2010 2015 2020
Up to 1.5 liter 1.6 - 2.5 liter 2.6 – 3.5 liter More than 3.6 liter
9%
21%
24%
CAGR=4.8%
10%
21% 26%
CAGR=3.1%
9% 16% 20%
CAGR=1.5%
5% 7% 7%
CAGR=3.0%
Gasoline cars Turbo installation rate
24
Continental Strategy – Megatrend Environment
ContiTech – Engineering Green Value
Carbon-neutral printing blankets
Health-friendly interiors
Lightweight engineering*
Perfect mount for wind power
Eco-friendly drive belts*
Climate-friendly conveyor belts
Emissions-reducing hoses*
Energy efficiency in our production
Secure wave power
Modules for efficient solar energy
* Technologies supplied to the automotive industry
Engineering Green Value: Maxim for our strategic orientation
Technological expertise for customer-specific solutions made from rubber and plastic
Sustainable management with long-sighted economic, ecological and social solutions
Creating added value for our customers, human beings and the environment
Fact Book 2011 |
© Continental AG
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Continental Strategy – Megatrend Safety
Regional Initiatives – Towards Safer Mobility
Electronic stability control (ESC) • mandatory since November 2011 for all
new types of vehicles • mandatory by November 2014 for all new
vehicles1
Tire pressure monitoring system (TPMS) • mandatory by November 2012 for all new
types of passenger cars • mandatory by November 2014 for all new
passenger cars2
Advanced emergency braking system
and lane departure warning • mandatory by November 2013 for all new
types of heavy commercial vehicles and
buses • mandatory by November 2015 for all new
heavy commercial vehicles and buses2
Brake assist system • mandatory since November 2009 for all
new types of passenger cars • mandatory since November 2011 for all
new passenger cars3
EU Electronic stability control (ESC) mandatory since 2011 for all new light
vehicles4
Tire pressure monitoring system (TPMS)
mandatory since September 2007 for all
new light vehicles5
USA Electronic stability control (ESC) • mandatory by October 2012 for all new
types of passenger cars • mandatory by October 2014 for all new
passenger cars7
Advanced emergency braking system
and lane departure warning
expected to be mandatory for all new heavy
commercial vehicles and buses following
the EU decision 8
Japan
1) Regulation (EC) No. 661/2009; refers to all vehicles of category M and N
2) Regulation (EC) No. 661/2009
3) Regulation (EC) No. 78/2009; refers to passenger cars for maximum 8 passengers plus driver
4) Federal Motor Vehicle Safety Standard (FMVSS) No. 126 of the National Highway Traffic Safety Administration (NHTSA); refers to vehicles with a gross vehicle weight of ≤4.536 t
5) Federal Motor Vehicle Safety Standard (FMVSS) No. 138 of the National Highway Traffic Safety Administration (NHTSA); refers to vehicles with a gross vehicle weight of ≤4.536 t
6) CONTRAN 312/2009
7) Source: Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in Japan
8) Japan expected to adopt EU regulation. Final decision on timing pending
9) G/TBT/N/KOR/286 and MLTM Notification 2010-631 (Ministry of Land, Transport and Maritime Affairs)
Electronic stability control (ESC)
mandatory since January 2012 for all new
light vehicles9
Tire pressure monitoring system (TPMS)
mandatory by January 2013 for all new
passenger cars9
Brazil
Anti-lock brake system (ABS)
mandatory by January 2014 for all new
passenger cars, after phase-in which began
in 20106
South Korea
Other emerging markets likely to follow EU/USA on ESC regulation
26
* Data based on framework used to predict road traffic mortality constructed by World Health Organization (WHO)
Source: Global Status Report on road safety, World Health Organization (WHO) 2009
Number of road traffic deaths*
Continental Strategy – Megatrend Safety
Road Traffic Deaths
142,252 234,768 175,668
117,997
285,020
278,321
Region of
the Americas
African
Region
Eastern
Mediterranean
Region
South-East
Asia Region
Western
Pacific Region
European
Region
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27
Source: ADAC May 2011
Deve
lop
me
nt
of
Ac
tive
Sa
fety
Milestones of Active Safety
1960 1970 1980 1990 2000 2010 …….
ABS
Traction Control
ESP
Tire Pressure Monitoring
Lane Departure Warning
Brake Assist
System
Emergency Brake Assist System
Secondary Collision Mitigation
Lane Change Assist System
Night Vision Assist System
Tiredness Warning System
Cross-Way Assist System
Evasion Assist System
Car2X
Communication
Continental Strategy – Megatrend Safety
ADAC – Milestones of Active Safety
28
Continental Strategy – Megatrend Safety
ContiGuard®: Comprehensive Vehicle Safety
Active safety Safety telematics
Passive safety
Sensor fusion (beam/camera)
Short range lidar
Mid range radar 24 GHz
Long range radar 77 GHz
Camera
Telematics control unit
E-Horizon
Car-to-X Communication
Electric power steering
Active rear axle kinematics
Chassis & safety controller
Electronic air suspension
Electronic stability control
Sensors
AFFP®
Accelarator
Force
Feedback
Pedal
Airbag control unit
Crash impact sound sensing
Pressure and acceleration satellites
Occupant classification systems
Vehicle surrounding sensors
HMI
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© Continental AG
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Continental Strategy – Megatrend Safety
Winter Tire Regulation1
Austria
Estonia
Finland
Germany
Europe: Winter tires mandatory
Latvia
Lithuania
Romania
Sweden
Slovakia
Slovenia
November 1 to April 15 when winter weather conditions prevail
December 1 to end of February
December 1 to end of February
December 1 to end of February
November 1 to April 1
December 1 to March 31
Mandatory when winter weather conditions prevail
November 1 to March 31
November 15 to March 15 when winter weather conditions
prevail (winter tires or radial tires with min. tread depth of 3 mm)
The snowflake symbol: This symbol can be displayed on a tire if it tests 7% better than a reference standard
tire with M+S² marking when ABS-braking on snow.
November 15 to March 31 when roads are snowy/icy
Norway
Mandatory when winter weather conditions prevail
Europe: Winter tires partly mandatory
Czech Republic
November 1 to March 31 on certain motorways
France
Mandatory on certain roads – marked with signs
Italy
Mandatory on certain roads – marked with signs
Switzerland
Driver may be held liable if they cause an accident with
summer tires mounted when winter weather conditions prevail
Canada: Winter tires partly mandatory
1) Source: Continental AG and websites of country ministries and automobile associations 2) Mud + snow
Mandatory in Québec December 15 to March 15;
mandatory on certain roads in the mountains of Canada when winter weather conditions prevail Canada
30
Japan⁴
South Korea5
Continental Strategy – Megatrends Safety & Environment
Initiatives in EU, USA, Jap and SK on Labeling of Tires1
EU² Fuel
efficiency
Wet
grip
1) Similar initiatives present in China, Brazil
2) Regulation (EC) No. 1222/2009 of the European Parliament and of the Council
and Commission Regulations (EU) No. 228/2011 and (EU) No. 1235/2011
Mandatory from November 2012
Passenger and van tires (produced after
June 30, 2012) must be classified and
labeled for fuel efficiency (= rolling
resistance), wet grip and noise
performance (external rolling noise)
EU member states are responsible for the
market surveillance and specification of
penalties for non-compliance and can
provide incentives for tires of class C or
better (wet grip and fuel efficiency)
Final decision pending
The NHTSA Tire Fuel Efficiency Consumer
Information Program proposes to inform
consumers about the effect of tires on fuel
efficiency, safety, and durability
The program aims to implement a national
tire fuel efficiency rating system for
replacement tires, with the information
provided to consumers at the point of sale
and online
Rolling
resistance
Wet grip
Label proposed by NHTSA3
3) Source: National Highway Traffic Safety Administration (NHTSA)
4) Source: Japan Automobile Tyre Manufacturers Association (JATMA)
5) Source: South Korean Ministry of Knowledge Economy (MKE)
USA³
Voluntary since 2010
Introduced by JATMA4
Applies to replacement summer
tires for passenger cars; includes
information on rolling resistance
and wet grip performance
Tires with a grading of A and
above for rolling resistance
performance are defined as “fuel
efficient tires” and are marked with
an additional symbol (left)
Noise
performance
Mandatory from November 2012
Introduced by MKE5
Applies to all tires sold in South Korea (OE
and replacement) for passenger cars and
light trucks; includes information on rolling
resistance and wet grip performance
The label has to be attached to the tread of
each tire; for OE tires the information has
to be provided in the car manual
Certification carried out by three authorities Wet grip
Rolling
resistance
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Continental Strategy – Megatrends Safety & Environment
Truck Tire Technology for Lowest Overall Driving Costs
* Compared to previous truck tire generation of the Continental brand
Savings thanks to low rolling resistance
Kilometers driven per year: 120,000
Diesel price (net):
€1.30 per liter Fuel savings* in total:
€2,921.1
In 2007 Continental started an initiative to launch new products
Latest truck tire generation of the Continental brand reduces rolling resistance significantly
Continental’s focus is on overall driving costs
ContiCostCalculator (CCC) is a tool certified by DEKRA (a worldwide certification authority) to calculate the
overall operational costs for fleet customers
By taking into account mileage, retreads, fuel consumption and payload, the CCC tool shows that
Continental’s new products lead to the lowest overall driving costs compared to competitors
32
Regional initiatives on
Tire pressure monitoring system (TPMS)2,3,4,5
Electric Vehicle
Market Push6,7
Regional initiatives on
eCall6,8
Hands-free telephony9
Stolen Vehicle Tracking10
Rear detection system11
1) Non-exhaustive enumeration
2) Regulation (EC) No. 661/2009
3) Federal Motor Vehicle Safety Standard No. 138 of NHTSA
4) Source: Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in Japan
5) Korean Motor Vehicle Safety Standard (KMVSS) - MLTM Notification 2010-631
6) Directive 2010/40/EU of the European Parliament and of the Council of July 2010
7) COM(2011) 144 final
Regional initiatives on
Digital Tachograph (DTCO)12
Electronic OnBoard Recorder (EOBR)13
Intelligent Transport Systems (ITS)6,7
8) Recommendation adopted by the European Commission September 2011
9) Several National Laws and Regulations in Asia/ Europe/ NAFTA/ Africa
10) CONTRAN 245/2007 – no final rule in place
11) For single-unit trucks. FMVSS 111 – no final rule in place
12) Regulation (EC) No. 561/2006
13) FMCSA Proposed rule 395 January 2011 / US Senate passed bill S1813 March 2012
ELVIRE ID4EV
Test field “HeERO“
ERTICO Sim-TD
Environment Safety Information
Doing more.
For intelligent driving. Doing more.
For safe mobility. Doing more.
For clean power.
Continental Strategy – Megatrend Information
Interior – Regional Initiatives and Projects1
TACOT
European Projects:
ELVIRE = Electric vehicle communication to infrastructure, road services and energy supply
ID4EV = Intelligent dynamics for fully electric vehicles
HeERO = Harmonized eCall European pilot
TACOT = Trusted multi application receiver for trucks
ERTICO = European road transport telematics implementation coordination organisation
Sim-TD = Safe and intelligent mobility – field test Germany
Fact Book 2011 |
© Continental AG
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33
Multimedia devices
GPS / Galileo
Infrastructure
Other cars
Infotainment
Continental Strategy – Megatrend Information
The Car Will Be Connected to Its Environment
34
Continental Strategy – Megatrend Information
Interior – Product Highlights for Intelligent Mobility
Existing Solutions
Freely programmable
cluster
Low-cost telematics
Gesture control
Head-up displays
Multimedia platforms
eCall Tire information systems
Intelligent antenna module
Digital key
Intelligent fleet
management
Innovations
Fact Book 2011 |
© Continental AG
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35
Continental Strategy – Market Trend Affordable Cars
Definition of “Affordable Cars”
36
Continental Strategy
Sales OE/Non-OE
Non-OE 28%
Chassis & Safety 21%
Powertrain 19%
Interior 18%
PLT1 7%
CVT² 1%
ContiTech 6%
28% of sales outside OE in 2011
1) PLT = Passenger and Light Truck Tires
2) CVT = Commercial Vehicle Tires
OE Non-OE
100
100
88
27
22
53
12
73
78
47
Chassis & Safety (21% of total sales)
Powertrain (19% of total sales)
Interior (20% of total sales)
Passenger & Light Truck Tires (22% of total sales)
Commercial Vehicle Tires (6% of total sales)
ContiTech (12% of total sales)
Fact Book 2011 |
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37
Mount Vernon
(US)
Sumter**
(US)
+4
+4*
+4
Camaçari
(BR)
* Will be reached by 2016
** Greenfield
+4*
+4
Kaluga**
(RUS)
Hefei**
(China) +0.4
Modipuram
(India)
+1.3
+0.3
(million units)
Passenger tires
Truck tires
Continental Strategy
Additional Tire Production Capacity of 22 Million Units by 2015/16
38
* Based on sales
** Based on units
Continental Strategy
Cost Consciousness – Production in Best-Cost Countries
30%
13%
27%
68%
85%
26% 32%
19%
32%
67%
100%
29% 34%
22%
35%
68%
100%
31%
Chassis & Safety * Powertrain * Interior * PLT ** CVT ** ContiTech *
Europe
62%
45%
72% 68%
19%
51%
61%
45%
81%
65%
23%
57% 63%
47%
80%
70%
29%
59%
Chassis & Safety * Powertrain * Interior * PLT ** CVT ** ContiTech *
Rest of World
2009 2010 2011
Fact Book 2011 |
© Continental AG
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39
Source: Frost & Sullivan, December 2009, based on 2008 data
* No complete system but electronics or components
** Washer systems
Continental Strategy 50% of Automotive Products Are Amongst 25 Fastest Growing Technologies
CAGR Product portfolio of
Low-cost OEM embedded navigation 68% Interior
Selective catalytic reduction 65% Powertrain/ContiTech*
Battery propulsion systems 44% Powertrain
Synchronous motors 31% Powertrain
Start-stop systems 31% Powertrain*
Mobile phone navigation 29% Interior
Variable valve train 23% Powertrain*
eCall 16% Interior
Gasoline direct injection 16% Powertrain
Turbocharger 15% Powertrain
Blind spot detection 15% Chassis & Safety
Adaptive cruise control 14% Chassis & Safety
Lane departure warning 14% Chassis & Safety
Curtain airbag 14% Chassis & Safety*
Stolen vehicle tracking 14% Interior
Ambient lighting 11% Interior*
Electric power steering 10% Chassis & Safety
Multifunctional switches 10% Interior*
Xenon headlamps 10% Chassis & Safety**
Park assist systems 8% Chassis & Safety
Electric stability control 7% Chassis & Safety
TPMS 6% Interior
OEM embedded navigation 5% Interior
Semi-active damping 5% Chassis & Safety
Anti-lock braking systems 4% Chassis & Safety
A High growth
CAGR 16% -70%
C Low growth
CAGR 3% -10%
CA
GR
Expected worldwide revenue development in %
(CAGR 2008-2015)
B Medium growth
CAGR 10% -15%
40
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group V.
Rubber Group VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
Fact Book 2011 |
© Continental AG
21
41
Continental Corporation
Consolidated Key Figures
(€ million) 2009 2010 2011
Sales 20,095.7 26,046.9 30,504.9
EBITDA 1,591.2 3,587.6 4,228.0
EBIT -1,040.4 1,935.2 2,596.9
EBIT adjusted 1) 2,521.1 3,043.0
in % of sales 1) 9.7 10.1
Net interest expense -720.8 -697.2 -735.5
Income tax expense 154.3 -592.1 -536.2
Non-controlling interests -42.3 -69.9 -83.0
NIAT* -1.649.2 576.0 1,242.2
Earnings per share (in €) -9.76 2.88 6.21
R, D & E expense 1,356.3 1,450.4 1,608.7
in % of sales 6.7 5.6 5.3
Capex 2) 860.1 1,296.4 1,711.3
in % of sales 4.3 5.0 5.6
Depreciation & amortization 3) 2,631.6 1,652.4 1,631.1
in % of sales 13.1 6.3 5.3
thereof impairment4) 993.0 57.7 20.4
Free cash flow 1,640.3 566.9 490.5
ROCE (avg.) in % -6.5 12.4 16.2
1) EBIT w/o amortization of intangible assets from PPA, consolidation and special effects; sales before changes in the scope of consolidation
2) Capex including software
3) Excluding write-downs of investments
4) 2009: incl. Goodwill impairment of € 875.8 mn
* Net income attributable to the shareholders of the parent
42
4,302 4,761
5,337 5,696
5,997 6,658 6,490
6,903 7,346 7,533 7,714 7,912
607 702
485
727 734 750 744 816
Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/11 Q2/11 Q3/11 Q4/11
Sales (in € millions) Adj. EBIT* (in € millions)
* Before amortization of intangibles from PPA, consolidation and special effects
Continental Corporation
Sales and Adjusted EBIT* by Quarter
Sales €20,096 mn
Sales €26,047 mn
Adj. EBIT* €2,521 mn
Sales €30,505 mn
Adj. EBIT* €3,043 mn
Fact Book 2011 |
© Continental AG
22
43
18,5
86
17,7
80
16,7
00
16,0
24
15,5
08
15,3
53
15,4
05
15,5
80
15,6
59
15,6
55
15,7
90
16,0
19
-4.9% -7.5%
-14.4%
-6.5%
-2.5%
0.6%
8.9% 12.4% 13.2% 14.1%
15.7% 16.2%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2009 2010 2011
Trailing OA (in € millions) Trailing ROCE (in %)
Note: Trailing ROCE is calculated as reported EBIT for the last twelve month s (LTM) divided by average operating assets (OA)
Continental Corporation
Back to Value Creation
44
(in € millions)1 2007 2008 2009 2010 2011 Cash flow Ssatement
Adjusted EBITDA2 2,568 3,001 2,354 3,662 4,247
Reported EBITDA 2,491 2,771 1,591 3,588 4,228
Net cash interest paid -88 -519 -727 -703 -662
Tax paid -484 -282 -205 -493 -466
Change in net working capital3 -83 275 595 -497 -556
Other 4 78 -360 1,173 -46 -256
Cash flow provided by operating activities 1,914 1,885 2,427 1,849 2,289
Cash flow used for investing activities -12,539 -1,256 -787 -1,282 -1,798
- thereof capex for PPE and intangibles -904 -1,621 -911 -1,324 -1,813
Cash flow before financing activities -10,626 629 1,640 567 491
Balance sheet
Cash and cash equivalents 2,199 1,569 1,713 1,471 1,541
Derivative instruments and interest-bearing investments 71 64 104 202 249
Total indebtedness 13,127 12,117 10,713 8,991 8,562
Net indebtedness 10,856 10,484 8,896 7,317 6,772
Credit ratios
Net indebtedness / adj. EBITDA2 4.2x 3.5x 3.8x 2.0x 1.6x
Net cash interest paid coverage (ratio)5 29.2x 5.8x 3.2x 5.2x 6.4x
1) Amounts shown may contain rounding differences
2) Adjusted EBITDA from 2009 on as defined in syndicated loan
3) Includes change in inventory, trade receivables, trade payables and discounted notes
4) Includes dividends received, at-equity share in earnings of associates and income from other investments incl. impairments, gains and losses from disposals, other non-cash items as
well as changes in pension and post-employment provisions (including effects from transactions regarding contractual trust arrangements “CTA” in 2009) and changes in other assets
and liabilities
5) Adjusted EBITDA to net cash interest paid
Continental Corporation
Key Historical Financials and Credit Metrics
Fact Book 2011 |
© Continental AG
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45
Continental Corporation
Development of Net Indebtedness and Gearing Ratio 10,8
56 10,4
84
11,0
42
9,7
47
9,4
65
8,8
96
8,2
32
8,0
17
8,0
92
7,3
17
7,6
05
7,1
14
7,2
97
6,7
72
158%
190%
210%
186%
226% 219%
145% 133% 138%
118% 117%
104% 103% 90%
YE YE Q1 H1 9M YE Q1 H1 9M YE Q1 H1 9M YE
2007 2008 2009 2010 2011
Net indebtedness (in € millions )
Gearing ratio (in %)
46
Continental Corporation
Net Indebtedness Walk-down
219%
118%
(in € millions)
7,317
1,813
811 335
597
1,631
1,276 6,772
Net in
debte
dness
(FY
2010)
Capex*
Chg. in
re
ceiv
able
s
Chg. in
in
vento
ries
Chg. in
paya
ble
s
Depre
cia
tion
& a
mort
ization
Oth
er
CF
Net in
debte
dness
(YE
2011)
€549 mn burden from change in
working capital**; higher than
expected because of strong sales
growth in Q4 2011
90%
118%
* According to cash flow statement incl. intangible assets ** Includes changes in inventories, trade receivables and trade payables excluding discounted notes
Fact Book 2011 |
© Continental AG
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47
Syndicated
loan(Tranche C)
Apr 2014, 2,875
Syndicated
loanTranche D,
(Revolver)Apr 2014,
1,026
Bond
Jul 2015 (8.5%), 750
Bond
Jan 2016 (6.5%), 625
Bond
Sept 2017 (7.5%), 1,000
Bond
Oct 2018 (7.125%), 625
Various other
bank lines, 591
Other
indebtedness, 1,070
Gross indebtedness
at Dec. 31, 2011
of €8,562 mn
(PY: €8,991 mn)
Cash of €1,541 mn
(PY: €1,471 mn)
Net indebtedness
at Dec. 31, 2011
of €6,772 mn
(PY: €7,317 mn)
Available and fully
committed credit lines
of €2,190 mn
(PY: €2,774 mn)
(in € millions) Syndicated loan 45%*
Bonds 35%*
Various other
bank lines 7%*
Other
indebtedness 13%*
Note: Bond values and the values for the syndicated loan are nominal values, all others book values * Percentages are calculated as share in the total gross indebtedness
Continental Corporation
Gross Indebtedness by Sources
48
Continental Corporation
Maturities until 2014 and Bond Maturities***
(in € millions)
422 61
2,910
750 625
1,000
625 300
550
217
1,026
2012 2013 2014 2015 2016 2017 2018
2,514
**
*
RCF
EIB
Others
CP
SoR
Note: CP = Commercial paper, EIB = European Investment Bank, SoR = Sale of receivables
* Amount drawn under the revolving credit facility (RCF) totaling €2,500 mn at December 31, 2011
** Revolving credit facility (RCF) shown as short term debt according to IFRS maturing in April 2014 at drawn amount
*** Please note that all values shown are nominal values with the exception of maturities until 2014; maturities do not add up to gross indebtedness amounting to
€8,562 mn at December 31, 2011
Fact Book 2011 |
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49
Continental Corporation
Purchasing – Production Materials 2011
Oil based chemicals1
15%
Electronics 20%
Electro-mechanical
components2 16%
Mechanical components3
26%
Others4 15%
Natural rubber
8%
Total production material purchased in 2011: €15.5 bn
Purchasing Contracts
We aim for long-term contracts with our
strategic suppliers.
The purchase of oil derivatives for
chemical products cause a time
difference until realization in P&L of 2-6
months from spot price.
Main sources for natural rubber are
Thailand, Malaysia and Indonesia.
Continental has a wide range of sources
for production materials worldwide.
1) E.g. synthetic rubber, carbon black
2) E.g. printed circuit boards, connectors, motors
3) E.g. stamped parts, turn parts, castings
4) E.g. textiles, plastics
50
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group V.
Rubber Group VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
Fact Book 2011 |
© Continental AG
26
51
Market Data
Increasing Installation Rates of Electronic Brake Systems
Source: Continental estimates
ABS/TCS ESC Total EBS
0%
20%
40%
60%
80%
100%
Europe
North America
0%
20%
40%
60%
80%
100%
2008 2009 2010 2011 2012 2013 2014 2015 2016
Japan
2008 2009 2010 2011 2012 2013 2014 2015 2016
China
52
Market Data
Installation Rates of Fuel Injection Systems*
Source: Continental estimates
* Based on production of diesel and gasoline engines for passenger cars & light vehicles
Gasoline direct injection Gasoline port fuel injection Diesel injection
0%
20%
40%
60%
80%
100% Europe North America
0%
20%
40%
60%
80%
100%
2008 2009 2010 2011 2012 2013 2014 2015 2016
Japan
2008 2009 2010 2011 2012 2013 2014 2015 2016
China
Fact Book 2011 |
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53
2008 2009 2010 2011 2012 2013 2014 2015 2016
0%
20%
40%
60%
80%
100%
2008 2009 2010 2011 2012 2013 2014 2015 2016
Market Data Increasing Installation Rates of Double Clutch Transmission*
Source: Continental estimates
China
Double clutch Ttansmission
Automated manual transmission
Continous variable transmission
Automatic transmission
Manual transmission
* Based on production of gearboxes for passenger cars and light vehicles
0%
20%
40%
60%
80%
100% Europe North America
Japan
54
Market Data
Increasing Installation Rates of Embedded Telematics*
Source: Continental estimates
* Based on unit sales
Japan Europe North America China
0%
10%
20%
30%
40%
50%
2008 2009 2010 2011 2012 2013 2014 2015 2016
Fact Book 2011 |
© Continental AG
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55
0%
20%
40%
60%
80%
100%
Market Data
Increasing Installation Rates of Keyless Entry Systems*
Source: Strategy Analytics
* Based on unit sales
Active keyless entry systems Passive keyless entry systems
Europe North America
0%
20%
40%
60%
80%
100%
2008 2009 2010 2011 2012 2013 2014 2015 2016 2008 2009 2010 2011 2012 2013 2014 2015 2016
Japan China
56
Market Data
Increasing Installation Rates of Multimedia Systems*
Source: Continental estimates
* Navigation stand-alone system and navigation systems with enriched multimedia functions
Radio Multimedia
0%
20%
40%
60%
80%
100% Europe North America
0%
20%
40%
60%
80%
100%
2008 2009 2010 2011 2012 2013 2014 2015 2016
Japan
2008 2009 2010 2011 2012 2013 2014 2015 2016
China
Fact Book 2011 |
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57
Source: Continental estimates
* Adaptive cruise control, collision mitigation, lane departure warning, blind spot detection, intelligent lighting, night vision, traffic sign recognition
Market Data Increasing Installation Rates of Advanced Driver Assistance Systems*
0%
5%
10%
15%
20%
25%
2008 2009 2010 2011 2012 2013 2014 2015 2016
Europe NAFTA Japan
58
Market Data Production of Light Vehicles 2010 - 2013
Source: IHS and Continental estimates
* Estimates for passenger cars and light trucks < 6 tons (including vans)
2010 2011* 2012* 2013*
Americas 15.8 17.3 17.8 18.6
NAFTA 11.9 13.2 13.7 14.3
South America 3.9 4.1 4.1 4.3
Europe 18.9 20.1 19.0 19.8
Western Europe 14.3 14.9 12.8 13.4
Eastern Europe 4.6 5.2 6.2 6.4
Asia 37.1 37.2 38.9 40.3
Africa & Middle East 0.6 0.9 0.9 1.0
Total 72.4 75.5 76.6 79.7
(in million units)
Fact Book 2011 |
© Continental AG
30
59
Source: IHS and Continental estimates
* Estimates for trucks > 6 tons
Market Data
Production of Heavy Vehicles 2010 - 2013
2010 2011* 2012* 2013*
Americas 516 661 679 727
NAFTA 265 408 440 472
South America 251 253 239 255
Europe 438 547 520 575
Western Europe 353 435 385 420
Eastern Europe 85 112 135 155
Asia 2,323 2,228 2,472 2,620
Total 3,277 3,436 3,671 3,922
(in thousand units)
60
Source: LMC World Tyre Forecast Service and Continental estimates
* Estimates
Market Data
Replacement Passenger, Light Truck and 4x4 Tires 2010 - 2013
2010 2011* 2012* 2013*
Americas 310.4 309.9 319.8 329.0
NAFTA 257.5 253.0 260.6 268.0
South America 52.9 56.9 59.2 61.0
Western & Central Europe 285.5 297.0 297.0 303.0
Asia 244.4 268.0 286.8 310.0
Other Markets 107 111.0 116.0 122.0
Total 947.3 985.9 1,019.6 1,064.0
(in million units)
Fact Book 2011 |
© Continental AG
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61
Market Data
Replacement Truck Tires 2010 - 2013
Source: LMC World Tyre Forecast Service and Continental estimates
* Estimates
2010 2011* 2012* 2013*
Americas 32.2 34.5 35.5 36.0
NAFTA 19.6 20.5 20.9 21.0
South America 12.6 14.0 14.6 15.0
Western & Central Europe 18.8 18.6 19.2 19.6
Asia 62.2 66.5 70.5 76.0
Other Markets 18.1 18.4 18.0 18.0
Total 131.3 138.0 143.2 149.6
(in million units)
62
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group V.
Rubber Group VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
Fact Book 2011 |
© Continental AG
32
63
Automotive Group
Key Figures
(€ million) 2009 2010 2011
Sales 12,042.4 15,917.0 18,354.2
EBITDA 608.9 1,779.1 2,225.8
in % of sales 5.1 11.2 12.1
EBIT -1,561.6 567.9 1,024.5
in % of sales -13.0 3.6 5.6
EBIT adjusted 1) 1,070.3 1,470.1
in % of sales 1) 6.7 8.1
Operating Assets (avg.) 12,015.9 11,512.0 11,427.2
ROCE (avg.) in % -13.0 4.9 9.0
R, D & E expense 1,144.3 1,227.1 1,367.5
in % of sales 9.5 7.7 7.5
Capex 2) 538.1 739.8 968.5
in % of sales 4.5 4.6 5.3
Depreciation & amortization 3) 2,170.5 1,211.2 1,201.3
in % of sales 18.0 7.6 6.5
thereof impairment4) 949.0 35.6 22.8
1) EBIT w/o amortization of intangible assets from PPA, consolidation and special effects; sales before changes in the scope of consolidation
2) Capex including software
3) Excluding write-downs of investments
4) 2009: Incl. goodwill impairment of €875.8 mn
64
Automotive Group
Sales and Adjusted EBIT* by Division
Automotive Group Sales (in € millions) Automotive Group adj. EBIT* (in € millions)
6,511
5,842
6,111
109
18,354
C&S PT I cons. Automotive Group
organic growth (%)
9.7%
24.1%
11.5% 14.7%
_
717
241
513 1,470
C&S PT I cons. Automotive Group
adj. EBIT* margin (%)
11.3%
4.1%
8.4% 8.1%
* W/o amortization of intangibles from PPA, consolidation and special effects
0
Fact Book 2011 |
© Continental AG
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65
Automotive Group
Sales by Region
Germany 28%
Europe (excluding Germany)
26%
Asia 22%
NAFTA 20%
Other countries
4%
Sales in 2011: €18.4 bn
(2010: 4%) (2010: 20%)
(2010: 26%)
(2010: 29%)
(2010: 21%)
66
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group – 1. Chassis & Safety Division V.
Rubber Group VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
Fact Book 2011 |
© Continental AG
34
67
Chassis & Safety
Business Unit Structure
Hydraulic electronic
control units (HECU)
ABS
ESC
Future brake system
Software functions
Adaptive cruise control
Regenerative brake
system
Active front steering
Hill start assist,
hill descent control
Deflation detection
system
Hydraulic brake assist
Trailer stability assist
Calipers and discs
Drum brakes
Brake hoses
Boosters
Tandem master cylinders
Electric parking brakes
Pedal modules
Brake pressure regulators
Electric vacuum pump
Washer systems
Steering angle and
torque sensors
Wheel speed sensors
Engine/transmission
speed and position
sensors
Chassis sensors
Acceleration sensor
Height sensor
Pedal angle sensor
Pedal travel sensor
Sensor clusters
Inertial measurement
unit (IMU)
Airbag control units
Crash sensors
Occupant classification
systems (OCS)
Driver assistance
systems
Radar
Lidar
Camera
Chassis electronics
Electronic components
Steering systems
Suspension systems
Electronic Brake
Systems Hydraulic Brake
Systems Sensorics
Passive Safety &
ADAS
Chassis
Components
68
India ▐ Bangalore ▐ Gurgaon
(New Delhi) ▐ Manesar
Brazil ▐ Salto ▐ Varzea Paulista
China ▐ Changchun ▐ Changshu ▐ Heihe ▐ Lian Yun Gang ▐ Shanghai
Chassis & Safety
Locations Worldwide
Mexico ▐ Ayala Morelos (Cuautla) ▐ Guadalajara ▐ Las Colinas ▐ Silao
USA ▐ Auburn Hills ▐ Brimley ▐ Culpeper ▐ Henderson ▐ Morganton
Malaysia ▐ Penang
Japan ▐ Asahi ▐ Hamakita ▐ Monbetsu ▐ Yokohama
South Korea ▐ Cheongwon ▐ Icheon
Philippines ▐ Calamba ▐ Manila
▐ Korbach
▐ Lindau
▐ Nuremberg
▐ Regensburg
▐ Rheinböllen
▐ Schwalbach
Europe France ▐ Boussens
▐ Toulouse
Hungary ▐ Budapest
▐ Veszprém
Italy ▐ Cairo Montenotte
Belgium ▐ Mechelen
Czech Republic ▐ Adrspach
▐ Frenstat
▐ Jicin
Portugal ▐ Palmela
Romania ▐ Iasi
▐ Sibiu
▐ Timişoara
Slovakia ▐ Zvolen
Spain ▐ Bergara
Sweden ▐ Arvidsjaur
UK ▐ Ebbw Vale
▐ Production
Germany ▐ Alzenau
▐ Bebra
▐ Frankfurt
▐ Gifhorn
▐ Hanover
▐ Ingolstadt
▐ Karben
▐ Joint Ventures < 50%
57 sites for production and R&D in 21 countries. Divisional headquarters in Frankfurt/Main, Germany.
Fact Book 2011 |
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69
Chassis & Safety
Key Figures
(€ millions) 2009 2010 2011
Sales 4,373.6 5,775.4 6,510.8
EBITDA 601.6 891.7 982.3
in % of sales 13.8 15.4 15.1
EBIT -102.5 569.0 661.9
in % of sales -2.3 9.9 10.2
EBIT adjusted 1) 630.2 716.7
in % of sales 1) 10.9 11.3
Operating Assets (avg.) 4,034.0 3,997.0 4,024.7
ROCE (avg.) in % -2.5 14.2 16.4
R, D & E expense 380.8 422.3 463.1
in % of sales 8.7 7.3 7.1
Capex 2) 159.5 247.1 327.1
in % of sales 3.6 4.3 5.0
Depreciation & amortization 3) 704.1 322.7 320.4
in % of sales 16.1 5.6 4.9
thereof impairment4) 370.4 3.8 1.6
1) EBIT w/o amortization of intangible assets from PPA, consolidation and special effects; sales before changes in the scope of consolidation
2) Capex including software
3) Excluding write-downs of investments
4) 2009: Incl. goodwill impairment of €367.0 mn
70
Chassis & Safety
Sales by Region
Germany 29%
Europe (excluding Germany)
23%
NAFTA 19%
Asia 25%
Other countries
4% (2010: 23%)
(2010: 19%)
(2010: 24%)
Sales in 2011: €6.5 bn
(2010: 4%)
(2010: 30%)
Fact Book 2011 |
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71
Chassis & Safety
Market Position for Electronic Brake Systems 2011
Source: Continental estimates
Europe
North America
South America
Asia/Pacific
World
Continental
Bosch
TRW
Continental
Bosch
TRW
Continental
Bosch
TRW
Continental
Advics
Bosch
Continental
Advics
Bosch
72
Chassis & Safety
Market Position for Foundation Brake Systems 2011
Source: Continental estimates
Europe
North America
South America
Asia/Pacific
World
Continental
Bosch
TRW
Continental
Akebono
TRW
Continental
Bosch
TRW
Advics
Mando
TRW
Continental
Continental
Akebono
TRW
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73
Chassis & Safety
Market Position for Actuation 2011
Source: Continental estimates
Europe
North America
South America
Asia/Pacific
World
Continental
Bosch
TRW
Continental
Bosch
TRW
Continental
Bosch
TRW
Continental
Advics
Bosch
Continental
Bosch
TRW
74
Chassis & Safety
Market Position for Airbag Electronics 2011
Source: Continental estimates
Europe
North America
South America
Asia/Pacific
World
Continental
Autoliv
Bosch
Continental
Autoliv
TRW
Continental
Autoliv
TRW
Continental
Bosch
Denso
Continental
Autoliv
Bosch
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75
Chassis & Safety
Market Position for Advanced Driver Assistance Systems 2011
Source: Continental estimates
Europe
North America
Asia/Pacific
World
Continental
Bosch
Delphi
Autoliv
Delphi
Valeo
Continental
Denso
Hella
Honda Elesys
Continental
Continental
Delphi
Denso
76 Source: Continental estimates
Chassis & Safety Growing Sales Volume for Electronic Brake Systems
Model Selection
ABS/TCS
ESC
0
5
10
15
20
25 (in million units) Europe
BMW 1 Series / 3 Series
Mercedes C Class
Ford Focus / Fiesta
Opel Astra
VW Golf
Peugeot 208
Skoda Octavia
Toyota Yaris
Volvo S80/V70/XC60/XC90
NAFTA
Chrysler Caliber Succ
Dodge Ram
Ford Explorer / Escape / Fusion
Honda Oddysey / Pilot Succ.
Jeep Wrangler
Nissan Frontier
Toyota Tundra
VW Jetta/New Beetle/New Passat
BMW X3
Asia
Daewoo Lacetti / Matiz Succ.
Ford Focus Succ.
Honda Fit / Insight
Mazda Axela / Demio
Suzuki Wagon R / Palette
Mitsubishi Lancer / Outlander
Saipa Pride
Subaru Legacy
VW Lavida / New Bora
Fact Book 2011 |
© Continental AG
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77
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group – 2. Powertrain Division V.
Rubber Group VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
78
Powertrain
Business Unit Structure
Engine management
systems and fuel
components for
Diesel piezo common
rail injection systems
Gasoline piezo direct
injection
Gasoline solenoid
direct injection
Gasoline port injection
Liquefied petroleum
gas (LPG) and
compressed natural
gas (CNG)
Aftertreatment
Engine management
systems /aftertreatment
products for commercial
vehicle applications
Turbocharger
Engine Systems Transmission Hybrid Electric
Vehicle
Sensors &
Actuators Fuel Supply
Control units for
Automatic
transmission
Double clutch
transmission
Automated manual
transmission
Continuously variable
transmission
Control units for all
wheel drive applications
Transfer cases
Differentials
Limited slip coupling
Clutch systems
Systems/ components
for hybrid and electric
vehicle applications
Power electronics
Electric motors
Battery systems
Energy management
Power net systems
Fuel supply units
Fuel level sensors
Fuel pumps
Control electronics for
fuel pumps
Functional components
Actuators for powertrain
applications:
electronic throttle control,
air control valve, general
purpose actuator,
variable valve timing,
electric pumps, exhaust
gas recirculation, digital
linear actuators
Exhaust and emission
sensors: temperature,
exhaust gas, fluid,
evaporation control
Engine and transmission
sensors:
pressure, combustion,
mass air flow, position
Door handle sensors
Fact Book 2011 |
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79
India ▐ Bangalore ▐ Pune ▐ Manesar
Brazil ▐ Guarulhos ▐ Salto
China ▐ Changchun ▐ Shanghai ▐ Tianjin ▐ Wuhu
Powertrain
Locations Worldwide
Mexico ▐ Ayala Morelos (Cuautla) ▐ Guadalajara ▐ Juarez
USA ▐ Auburn Hills ▐ Dearborn ▐ Deer Park ▐ Newport News ▐ Seguin
Malaysia ▐ Penang
Japan ▐ Yokohama
South Korea ▐ Cheongwon ▐ Icheon
Australia ▐ Bundoora
▐ Limbach-Oberfrohna/Stollberg
▐ Lohmar
▐ Nuremberg
▐ Regensburg
▐ Roding
▐ Schwalbach
Europe France ▐ Boussens
▐ Foix
▐ Toulouse
Hungary ▐ Budapest
Italy ▐ Pisa
Czech Republic ▐ Adrspach
▐ Brandys
▐ Frenstat
▐ Trutnov
Romania ▐ Brasov
▐ Iasi
▐ Sibiu
▐ Timişoara
Great Britain
▐ Birmingham
▐ Production, R&D
Germany ▐ Bebra
▐ Berlin
▐ Dortmund
▐ Gifhorn
▐ Grünstadt
▐ Karben
▐ Joint Ventures < 50%
Philippines ▐ Calamba
Canada ▐ Chatham
Thailand ▐ Amata City
Russia ▐ Kaluga
52 sites for production and R&D in 20 countries. Divisional headquarters in Regensburg, Germany.
80
Powertrain
Key Figures
(in € millions) 2009 2010 2011
Sales 3,399.2 4,730.8 5,842.0
EBITDA -13.3 268.2 484.7
in % of sales -0.4 5.7 8.3
EBIT -943.2 -198.1 31.3
in % of sales -27.7 -4.2 0.5
EBIT adjusted 1) 31.8 240.8
in % of sales 1) 0.7 4.1
Operating Assets (avg.) 3,401.8 3,112.2 3,027.4
ROCE (avg.) in % -27.7 -6.4 1.0
R, D & E expense 328.8 396.9 454.9
in % of sales 9.7 8.4 7.8
Capex 2) 247.2 301.5 393.7
in % of sales 7.3 6.4 6.7
Depreciation & amortization 3) 929.9 466.3 453.4
in % of sales 27.4 9.9 7.8
thereof impairment4) 488.0 36.6 8.5
1) EBIT w/o amortization of intangible assets from PPA, consolidation and special effects; sales before changes in the scope of consolidation
2) Capex including software
3) Excluding write-downs of investments
4) 2009: Incl. goodwill impairment of €447.4 mn
Fact Book 2011 |
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81
Germany 24%
Europe (excluding Germany)
33%
NAFTA 21%
Asia 21%
Other countries
1%
(2010: 31%)
Powertrain
Sales by Region
Sales in 2011: €5.8 bn
(2010: 1%)
(2010: 26%)
(2010: 20%)
(2010: 22%)
82 Source: Continental estimates
Powertrain
Market Position for Diesel Injection Systems* 2011
* For passenger cars & light trucks ** Japan, South Korea, China, India, Thailand
Europe
Asia/Pacific**
World
Continental
Bosch
Delphi
Bosch
Delphi
Denso
Continental
Continental
Bosch
Delphi
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83
Powertrain
Market Position for Gasoline Injection Systems* 2011
Source: Continental estimates * For passenger cars & light trucks ** Japan, South Korea, China, India, Thailand
Europe
North America
South America
Asia/Pacific**
World
Continental
Bosch
Hitachi
Continental
Bosch
Denso
Bosch
Delphi
Magneti Marelli
Continental
Continental
Bosch
Denso
Continental
Bosch
Denso
84
Powertrain
Market Position for Transmission Control Units* 2011
Source: Continental estimates * For passenger cars & light trucks ** Japan, South Korea, China, India
Europe
North America
Asia/Pacific**
World
Continental
Bosch
Continental
Aisin
Bosch
Continental
Aisin
Hitachi
Continental
Aisin
Bosch
Fact Book 2011 |
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85
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group – 3. Interior Division V.
Rubber Group VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
86
Instrument clusters
Secondary displays
Head-up displays
Climate controls
Haptic controls
Faceplates
Central input devices
Roof controls
Integrated centerstacks
Cockpit modules
Interior
Business Unit Structure
Body control modules
Gateways
Door systems
Exterior light control units
Power closures
Seat comfort systems
Battery and energy
management
Access control systems
Tire information systems
Intelligent antenna modules
Tachographs, telematics and
services
Visual and haptical HMI
Powertrain control
Chassis-, body- and
transmission electronics
Wear parts, spare parts and
services for the independent
aftermarket
Original equipment services
Radios
Connected radio and entry
navigation
Multimedia systems
Embedded telematics
Device connectivity
Software and special
solutions
Instrumentation & Driver
HMI Infotainment &
Connectivity Body & Security
Commercial Vehicles &
Aftermarket
Fact Book 2011 |
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87
Interior
Locations Worldwide
India ▐ Bangalore ▐ Haryana ▐ Pune
Brazil ▐ Barueri ▐ Gravatai ▐ Guarulhos
China ▐ Changchun ▐ Hong Kong ▐ Jinan ▐ Shanghai ▐ Tianjin ▐ Wuhu
Mexico ▐ Cuautla ▐ Guadalajara ▐ Nogales
USA ▐ Auburn Hills ▐ Deer Park ▐ Seguin ▐ Troy
Malaysia ▐ Penang
Japan ▐ Yokohama
South Korea ▐ Cheongwon-gun ▐ Gyeonggi-do ▐ Seoul
Philippines ▐ Manila
▐ Markdorf
▐ Nuremberg
▐ Regensburg
▐ Schwalbach am Taunus
▐ Villingen-Schwenningen
▐ Wetzlar
Europe France ▐ Foix
▐ Hambach
▐ Rambouillet
▐ Toulouse
Hungary ▐ Budapest
Austria ▐ Vienna
Czech Rep. ▐ Brandys
▐ Frenstat
Romania ▐ Iasi
▐ Sibiu
▐ Timişoara
Spain ▐ Rubi
Switzerland ▐ Rüthi
UK ▐ Birmingham
Germany ▐ Babenhausen
▐ Dortmund
▐ Ingolstadt
▐ Karben
▐ Manaus ▐ Resende ▐ Sao Bernardo
do Compo
Tunesia ▐ Menzel
Jemil
Singapore
▐ Singapore
Australia ▐ Bundoora ▐ Campbellfield
Thailand ▐ Bangkok
Russia ▐ Chistopol ▐ Kaluga ▐ Moscow
62 sites for production and R&D in 23 countries. Divisional headquarters in Regensburg, Germany.
88
Interior
Key Figures
(in € millions) 2009 2010 2011
Sales 4,362.7 5,518.1 6,110.7
EBITDA 20.4 619.1 758.8
in % of sales 0.5 11.2 12.4
EBIT -516.0 197.0 331.2
in % of sales -11.8 3.6 5.4
EBIT adjusted 1) 408.3 512.5
in % of sales 1) 7.4 8.4
Operating Assets (avg.) 4,580.1 4,402.8 4,375.1
ROCE (avg.) in % -11.3 4.5 7.6
R, D & E expense 434.7 407.9 449.6
in % of sales 10.0 7.4 7.4
Capex 2) 131.3 191.3 247.7
in % of sales 3.0 3.5 4.1
Depreciation & amortization 3) 536.4 422.1 427.6
in % of sales 12.3 7.6 7.0
thereof impairment4) 90.6 -4.8 12.7
1) EBIT w/o amortization of intangible assets from PPA, consolidation and special effects; sales before changes in the scope of consolidation
2) Capex including software
3) Excluding write-downs of investments
4) 2009: Incl. goodwill impairment of € 61.4 mn
Fact Book 2011 |
© Continental AG
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89
Interior
Sales by Region
Sales in 2011: €6.1 bn
Germany 31%
Europe (excluding Germany)
24%
NAFTA 19%
Asia 19%
Other countries
7%
(2010: 31%)
(2010: 8%) (2010: 18%)
(2010: 24%)
(2010: 19%)
90
Interior
Market Position for Body & Security 2011
Source: Continental estimates
Europe
North America
South America
Asia/Pacific
World
Continental
Delphi
Hella
Continental
Delphi
Denso
Continental
Delphi
Hella
Continental
Denso
Omron
Continental
Delphi
Denso
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91
Interior
Market Position for Instrumentation & Driver HMI* 2011
Source: Continental estimates * Excluding cockpit modules
Europe
North America
South America
Asia/Pacific
World
Continental
JCI
Magneti Marelli
Continental
Denso
Nippon Seiki
Continental
Denso
Magneti Marelli
Continental
Denso
Nippon Seiki
Continental
Denso
JCI
92
Interior
Market Position for Infotainment & Connectivity 2011
Source: Continental estimates
Europe
North America
South America
Asia/Pacific
World
Continental
Bosch
Harman
Alpin
Denso
Panasonic
Continental
Continental
Bosch
Delphi
Aisin
Clarion
Panasonic
Continental
Continental
Harman
Panasonic
Fact Book 2011 |
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93 Source: Continental estimates
Interior
Market Position for Commercial Vehicle* 2011
* Market shares for commercial vehicle business as described in BU structure excluding automotive aftermarket
Europe
North America
South America
Asia/Pacific
World
Continental
Bosch
Stoneridge
Continental
Hella
Stoneridge
Continental
Stoneridge
PST
Continental
DETC
Yazaki
Continental
Stoneridge
Yazaki
94
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group V.
Rubber Group VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
Fact Book 2011 |
© Continental AG
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95
Rubber Group
Key Figures
(in € millions) 2009 2010 2011
Sales 8,068.3 10,152.5 12,176.6
EBITDA 1,114.5 1,851.5 2,041.5
in % of sales 13.8 18.2 16.8
EBIT 655.7 1,413.1 1,612.8
in % of sales 8.1 13.9 13.2
EBIT adjusted 1) 1,516.0 1,642.5
in % of sales 1) 14.9 13.6
Operating Assets (avg.) 3,989.8 4,112.1 4,640.3
ROCE (avg.) in % 16.4 34.4 34.8
R, D & E expense 212.0 223.3 241.2
in % of sales 2.6 2.2 2.0
Capex 2) 321.7 555.8 747.7
in % of sales 4.0 5.5 6.1
Depreciation & amortization 3) 458.8 438.4 428.7
in % of sales 5.7 4.3 3.5
thereof impairment 44.0 22.1 -2.4
1) EBIT w/o amortization of intangible assets from PPA, consolidation and special effects; sales before changes in the scope of consolidation
2) Capex including software
3) Excluding write-downs of investments
96
Rubber Group
Sales and Adjusted EBIT* by Division
Rubber Group Sales (in € millions) Rubber Group adj. EBIT* (in € millions)
3,583
6,958
1,854
218
12,177
CT PLT CVT cons. Rubber Group
Organic growth (%)
16.0%
19.2%
29.7% 19.8%
-
446
1,083
113
0
1,643
CT PLT CVT cons. Rubber Group
Adj. EBIT* margin (%)
12.5%
15.7% 6.2% 13.6%
* W/o amortization of intangibles from PPA, consolidation and special effects
Fact Book 2011 |
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97
Rubber Group Sales by Region
Germany 24%
Europe (excluding Germany)
43%
NAFTA 18%
Asia 9%
Other countries
6%
Sales in 2011: €12.2 bn
(2010: 25%)
(2010: 7%)
(2010: 8%)
(2010: 17%)
(2010: 43%)
98
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group V.
Rubber Group – 1. Passenger and Light Truck Tires Division VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
Fact Book 2011 |
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99
* Except NAFTA , Colombia, Peru
** Trademark rights for Malaysia, Singapore and Brunei
Passenger and Light Truck Tires Business Unit Structure
Tires for :
Compact, medium-size &
full-size cars
4x4 and SUVs
Vans, light trucks & RVs
Extended mobility systems:
SSR
Minispares
ContiComfortKit
ContiMobilityKit
ContiSeal
NVH engineering services
Brands:
Tires for:
Compact, medium-size
and full-size cars
4x4 and SUVs
Vans, light trucks & RVs
Brands:
Tires for:
Compact, medium-size
and full-size cars
4x4 and SUVs
Vans, light trucks & RVs
Brands:
Tires for:
Compact, medium-size
and full-size cars
4x4 and SUVs
Vans, light trucks & RVs
Brands:
Bicycle tires
High-performance
bicycle racing tires
Motorcycle and scooter
tires
High-performance
motorbike tires
Brands:
Original Equipment Replacement Business
EMEA
Replacement Business
The Americas
Replacement Business
Asia-Pacific Two-Wheel Tires
*
**
**
100
Passenger and Light Truck Tires
Key Figures
(in € millions) 2009 2010 2011
Sales 4,696.4 5,820.8 6,957.5
EBITDA 793.1 1,241.0 1,335.5
in % of sales 16.9 21.3 19.2
EBIT 536.4 993.3 1,080.3
in % of sales 11.4 17.1 15.5
EBIT adjusted 1) 1,034.0 1,083.3
in % of sales 1) 17.8 15.7
Operating Assets (avg.) 2,348.4 2,422.9 2,804.2
RoCE (avg.) in % 22.8 41.0 38.5
R, D & E expense 113.5 120.8 129.9
in % of sales 2.4 2.1 1.9
Capex 2) 198.3 404.3 527.2
in % of sales 4.2 6.9 7.6
Depreciation & amortization 3) 256.7 247.7 255.2
in % of sales 5.5 4.3 3.7
thereof impairment 24.6 7.2 -1.1
1) EBIT w/o amortization of intangible assets from PPA, consolidation and special effects; sales before changes in the scope of consolidation
2) Capex including software
3) Excluding write-downs of investments
Fact Book 2011 |
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101
Passenger and Light Truck Tires Sales by Region
Germany 19%
Europe (excluding Germany)
49%
NAFTA 20%
Asia 6%
Other countries
6%
Sales in 2011: €7.0 bn
(2010: 21%)
(2010: 49%)
(2010: 5%)
(2010: 6%) (2010: 19%)
102
Source: Continental estimates
* OE & replacement
Passenger and Light Truck Tires Market Share for Passenger and Light Truck Tires* 2011
Europe
North America
Continental
Goodyear/Sumitomo
Michelin
Bridgestone/Firestone
Goodyear/Sumitomo
Michelin
Continental
Fact Book 2011 |
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52
103 * Until 2004 consolidated in CVT Division
(in million units)
Passenger and Light Truck Tires
Worldwide Passenger and Light Truck Tire Production 2011
Mount Vernon
San Luis Potosí
Cuenca
Camaçari
Port Elizabeth
Alor Star /
Petaling Jaya*
9
7
2 5
4
3
(US)
(MX)
(EC)
(BR)
(ZA)
(MY)
Hefei
(China)
1
104
Lousado
16
Sarreguemines
10
Aachen
9
Korbach
11
Passenger and Light Truck Tires
European Passenger & Light Truck Tire Production 2011
Otrokovice
21
Puchov
10
Timişoara
15
(in million units)
(PT)
(DE)
(FR)
(RO)
(CZ)
(SK)
Fact Book 2011 |
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53
105
12%
12%
22%
23%
33%
34%
34%
42%
46%
62%
88%
95%
100%
0% 20% 40% 60% 80% 100% 120%
China
Malaysia
Ecuador
Romania
Brazil
South Africa
Slovakia
Czech Republic
Mexico
Portugal
USA
France
Germany
Passenger and Light Truck Tires
Cost of Labor at Continental Manufacturing Sites*
* Based on average FX rates 2011
106
Passenger and Light Truck Tires
Unit Sales 2006 - 2011
* From 2006 - 2007 Asia included in Europe
** North America; since 2007 including Latin America
83 84 84 75
86 89
24 24 23
20
25 29
4
4
4
5
2006 2007 2008 2009 2010 2011
(in million units)
Europe (incl. ROW)* The Americas** Asia/Pacific
123
107 108 111
99
114
Fact Book 2011 |
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107
Passenger and Light Truck Tires Product Mix Improvement
Winter tires worldwide1) High performance summer tires worldwide2)
1) OE & replacement (excl. All-Season Tires)
2) All summer tires and all-season tires with rim sizes of at least 17 inches
19 19
17
24
29
9.1%
-2.6%
-10.2%
40.5%
21.6%
2007 2008 2009 2010 2011
(in million units)
18 19 19
21 21
-4.7%
4.1%
1.2%
6.8%
3.8%
2007 2008 2009 2010 2011
(in million units)
108
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group V.
Rubber Group – 2. Commercial Vehicle Tires Division VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
Fact Book 2011 |
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109
Commercial Vehicle Tires Business Unit Structure
Tires and services for customer
segments:
Goods
People
Construction
Brands:
Truck Tires EMEA Truck Tires The
Americas Truck Tires Asia-Pacific Industrial Tires
Tires and services for customer
segments:
Goods
People
Construction
Brands:
Tires and services for the
applications:
Material handling
Multi-purpose
Earthmover
Brands:
Tires and services for customer
segments:
Goods
People
Construction
Brands:
110
Commercial Vehicle Tires Key Figures
(in € millions) 2009 2010 2011
Sales 1,065.6 1,427.8 1,854.0
EBITDA 47.5 142.2 191.0
in % of sales 4.5 10.0 10.3
EBIT -50.1 50.1 115.4
in % of sales -4.7 3.5 6.2
EBIT adjusted 1) 83.7 113.0
in % of sales 1) 5.9 6.2
Operating Assets (avg.) 634.7 628.4 757.3
ROCE (avg.) in % -7.9 8.0 15.2
R, D & E expense 40.5 41.8 46.2
in % of sales 3.8 2.9 2.5
Capex 2) 40.5 51.2 109.9
in % of sales 3.8 3.6 5.9
Depreciation & amortization 3) 97.6 92.1 75.6
in % of sales 9.2 6.5 4.1
thereof impairment 15.7 12.8 -2.1
1) EBIT w/o amortization of intangible assets from PPA, consolidation and special effects; sales before changes in the scope of consolidation
2) Capex including software
3) Excluding write-downs of investments
Fact Book 2011 |
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111
Commercial Vehicle Tires Sales by Region
Sales in 2011: €1.9 bn
Germany 16%
Europe (excluding Germany)
34%
NAFTA 30%
Asia 8%
Other countries
12%
(2010: 15%)
(2010: 14%)
(2010: 7%)
(2010: 30%)
(2010: 34%)
112
Source: Continental estimates
* OE & replacement
Commercial Vehicle Tires Market Share for Truck Tires* 2011
Europe
North America
Bridgestone/Firestone
Goodyear/Sumitomo
Michelin
Continental
Bridgestone/Firestone
Goodyear/Sumitomo
Michelin
Continental
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113
Commercial Vehicle Tires
Continental Product Segments 2011
4%
10%
2%
3%
10%
71%
0%
7%
3%
0%
29%
61%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Winter
Construction
Urban Traffic
Off-Road
Long Distance
Regional Traffic
Americas Europe
Europe
Regional Traffic
70%
Winter
3%
Long Distance
12%
Off-Road
2%
Urban Traffic
3%
Construction
10%
Europe
Regional Traffic
70%
Winter
3%
Long Distance
12%
Off-Road
2%
Urban Traffic
3%
Construction
10%
Europe
Regional Traffic
70%
Winter
3%
Long Distance
12%
Off-Road
2%
Urban Traffic
3%
Construction
10%
Europe
Regional Traffic
70%
Winter
3%
Long Distance
12%
Off-Road
2%
Urban Traffic
3%
Construction
10%
Europe
Regional Traffic
70%
Winter
3%
Long Distance
12%
Off-Road
2%
Urban Traffic
3%
Construction
10%
Europe
Regional Traffic
70%
Winter
3%
Long Distance
12%
Off-Road
2%
Urban Traffic
3%
Construction
10%
114
* Production of bias and radial tires
** Including deliveries to JV partners
(in million units)
Commercial Vehicle Tires
Worldwide Truck Tire Production* 2011
Mount Vernon**
Cuenca Camaçari
Port Elizabeth
Petaling Jaya 0.2
0.3
Otrokovice Puchov
(US)
(EC) (BR)
(ZA)
(CZ) (SK)
(MY)
0.4
2.8 0.7
2.4
0.1
0.2
Modipuram
(India)
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4%
16%
22%
33%
34%
39%
42%
88%
100%
0% 20% 40% 60% 80% 100% 120%
India
Malaysia
Ecuador
Brazil
South Africa
Slovakia
Czech Republic
USA
Germany
Commercial Vehicle Tires
Cost of Labor at Continental Manufacturing Sites*
* Based on average FX rates 2011
116
* From 2005 - 2007 Asia included in Europe
** North America; since 2007 including Latin America
Commercial Vehicle Tires Unit Sales 2006 - 2011
7.0 7.2
6.7
5.1
6.2
6.6
4.0 4.3
3.7
2.3 2.8
3.1
3.0 2.9
2.8
2.6
3.2
3.5
0.2
0.2
0.2
0.4
2006 2007 2008 2009 2010 2011
Europe (incl. ROW)* The Americas** Asia
(in million units) 7.2
7.0 6.7
5.1
6.2
7.0
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117
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group V.
Rubber Group – 3. ContiTech Division VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
118
ContiTech
Business Unit Structure
Air Spring Systems Benecke-Kaliko Group Conveyor Belt Group
Power Transmission Group Vibration Control Fluid Technology
Elastomer Coatings
Compounding
V-belts
Multiple V-ribbed belts
Timing belts
Flat belts
Belt drive systems
Rubber-to-metal bonded
products
Hydromounts
Precision molded parts
Blow molded parts
Plastic parts
Hoses / hose lines for:
Exhaust systems
Powertrain
Air conditioning
Fuel systems
Heating / cooling systems
Steering / chassis
Turbocharger
Industrial
applications
Compounding
Air suspension systems
for buses, trucks and rail
vehicle technology
Air actuators for
pneumatics and air
springs for vibration
isolation
Compensators
Foils and synthetic leather
products for automotive
interior trim
Steel cord / fabric belts
Special-purpose belts
Conveyor belts
components
Service material
Coated fabrics
Printing blankets / plates
Diaphragms /
diaphragm materials
Gasholder diaphragms
Collapsible
tanks
Fuel tanks
Concertina
walls
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China ▐ Changchun ▐ Changshu ▐ Changzhi ▐ Ninghai ▐ Shanghai ▐ Tianjin ▐ Zhangjiagang
ContiTech
Locations Worldwide
India ▐ Calcutta ▐ New Delhi Brazil
▐ Ponta Grossa ▐ Varzea Paulista
Mexico ▐ San Luis Potosí ▐ Tlalnepantla
USA ▐ Auburn Hills ▐ Houston ▐ Somersworth
Japan ▐ Kurashiki
South Korea ▐ Busan ▐ Jeonju ▐ Seonghwan-Eup
Europe Hungary ▐ Makó
▐ Nyiregyhaza
▐ Szeged
▐ Vác
Romania ▐ Carei
▐ Nadab
▐ Timişoara
France ▐ Gennevilliers
▐ Le Chambon
▐ Lyon
Greece ▐ Vólos
▐ Production, R&D
Germany ▐ Aachen
▐ Bad Blankenburg
▐ Dannenberg
▐ Eislingen
▐ Hamburg
▐ Hanover
▐ Hann. Münden
▐ Hedemünden
▐ Herzogenaurach
▐ Cooperation, Joint Ventures < 50%
Chile ▐ Santiago de Chile
▐ Hoppegarten
▐ Karben
▐ Korbach
▐ Moers
▐ Northeim
▐ Oedelsheim
▐ Oppenweiler
▐ Salzgitter
▐ Waltershausen
Russia ▐ Moscow
Serbia ▐ Veliki Crljeni
Slovakia ▐ Dolné Vestenice
▐ Partizanske
▐ Puchov
Spain ▐ Madrid
Turkey ▐ Bursa
UK ▐ Ashington
▐ Grimsby
▐ Wigan
60 sites for production and R&D in 19 countries. Divisional headquarters in Hanover, Germany.
120
ContiTech Key Figures
(in € millions) 2009 2010 2011
Sales 2,406.1 3,095.3 3,583.1
EBITDA 274.0 468.2 515.0
in % of sales 11.4 15.1 14.4
EBIT 169.4 369.6 417.1
in % of sales 7.0 11.9 11.6
EBIT adjusted 1) 398.2 446.2
in % of sales 1) 12.9 12.5
Operating Assets (avg.) 1,006.7 1,060.7 1,078.8
ROCE (avg.) in % 16.8 34.8 38.7
R, D & E expense 58.0 60.7 65.0
in % of sales 2.4 2.0 1.8
Capex 2) 82.8 100.3 110.6
in % of sales 3.4 3.2 3.1
Depreciation & amortization 3) 104.6 98.6 97.9
in % of sales 4.3 3.2 2.7
thereof impairment 3.7 2.1 0.8
1) EBIT w/o amortization of intangible assets from PPA, consolidation and special effects; sales before changes in the scope of consolidation
2) Capex including software
3) Excluding write-downs of investments
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ContiTech Sales by Region
Germany 38%
Europe (excluding Germany)
35%
NAFTA 8%
Asia 13%
Other countries
6%
Sales in 2011: €3.6 bn
(2010: 38%)
(2010: 34%)
(2010: 7%)
(2010: 7%) (2010: 14%)
122
ContiTech Among the Leading Global Suppliers in its Business Units
Product line
Fluid Technology Automotive hoses & hose lines
Oil & marine
Conveyor Belt Group Conveyor belts
Power Transmission Group Multiple V-ribbed belts & timing belts
Benecke-Kaliko Group Foils for automotive interiors
Air Spring Systems Truck & bus air springs
Railway systems
Vibration Control Chassis sealing system
Engine mounts for trucks
Elastomer Coatings Printing blankets
Life raft / protective gear materials
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ContiTech
Sales and Employees 2011
* Including other operations ** Including service functions
Sales in € millions Employees
Fluid Technology 1,301 13,697
Conveyor Belt Group 584 3,711
Power Transmission Group 393 2,640
Benecke-Kaliko Group 319 1,643
Air Spring Systems 266 1,490
Vibration Control 301 2,078
Elastomer Coatings 111 639
Compounding 325 784
ContiTech 3,583* 27,249**
124
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group V.
Rubber Group VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
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125
ESH* Policy – implements
worldwide the responsibility
for protecting the environment
Code of Conduct – personal
ethics, conflicts of interest
The BASICS – the guidelines,
codex and basic principles of
our business activities
THE BASICS Our corporate guidelines
Corporate Governance Policy
– to further a responsible
management of the company
focused on value creation
Risk Report – overview of our
risk management
CSR Guideline Our basic values and principles
Environmental Responsibility Social Responsibility Corporate Governance
* Environment”, “Security, Safety” and “Health”
Sustainability at Continental
General View
126
11.50
14.88 15.66
5.14 5.29 4.93 4.36
2009 2010 2011** 2015***
Water Consumption*
mn m3 per ton of product (m3)
Sustainability at Continental
Corporate Environmental Key Figures and Goals
0.40 0.48 0.45
2.00
2.21 2.14
1.07 0.96
0.81 0.72
2009 2010 2011** 2015***
CO2 Emissions*
direct (mn tons) indirect (mn tons) per ton of product (ton)
19.42
22.19 23.95
8.68 7.89 7.54 6.98
2009 2010 2011** 2015***
Energy Consumption*
mn GJ (gigajoule) per ton of product (GJ)
185.3
215.1 231.6
82.8 76.5 72.9 64.5
66.3 65.0 65.1 59.4
2009 2010 2011** 2015***
Waste Production*
thousand tons per ton of product (kg)
recycling per ton of product (kg)
* Changes to previous figures are based on changes in the scope of the survey. ** preliminary figures *** Continental environmental goals
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127
Sustainability at Continental
Equal Opportunity
Diversity Project to support women
A talent pool which incorporates all corporate divisions
The formation of career support networks
Promoting female talents to participate in the mentoring
program (number of females 50% in 2010)
Female ambassadors
Working time models such as part-time, home office,
job sharing
Support with combining job and family
The specification of target corridors for the proportion
of women in management functions in the future
Demographics Program
A holistic concept designed to address the far-reaching
changes as a result of the expected demographic trend
focuses on four topics:
Workplace design
Maintaining employee health for a longer working life
Targeted qualification measures
Motivation for a longer professional life
Award of the Apriori-business solution AG for
the Continental “Demography-Management”
128
The Charter of Diversity recognizes diversity as an
opportunity. The signatory companies commit to diversity,
fairness and mutual respect. The aim is to create a working
environment that is free of prejudice and discrimination.
The Luxembourg Declaration on Workplace Health Promotion
(WHP) promotes health and occupational safety in the
companies of the member states of ENWHP*. The declaration
encourages members to attach greater importance to WHP.
The World Business Council for Sustainable Development
(WBCSD), founded in 1995, is a frontrunner and catalyst on
the path to sustainable development.
Sustainability at Continental
Corporate Memberships (1)
* European Network for Workplace Health Promotion
Source: www.vielfalt-als-chance.de (German Federal Government Commissioner for Migration,
Refugees and Integration); luxemburger-deklaration.de
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129
ECPI is a leading rating and index company dedicated
to ESG Research since 1997. For the year ending
December 31, 2011, Continental was a constituent of
the ECPI Ethical EMU Equity*.
The Carbon Disclosure Project (CDP) is a non-profit
organization that aims to create more transparency
regarding environmentally damaging emissions.
Continental has been answering CDP’s extensive
questionnaire since 2009.
Sustainability at Continental
Corporate Memberships (2)
The European Road Safety Charter is an appeal and
impetus for all groups in society to make a concrete
contribution to improving traffic safety in Europe. The
goal is to reduce the number of fatalities on the roads of
the European Union (EU) by 2020.
* 150 top capitalized companies in the Economic and Monetary Union market which are eligible investments
130
Sustainability at Continental
Corporate Bodies*
20 members (in accordance with the
Mitbestimmungsgesetz (German Co-determination
Act)):
10 elected by ASM
10 elected by employees of Continental AG and its
subsidiaries employed in Germany
Shareholders exercise their voting rights (1 share = 1 vote)
Chairman’s Committee
& Mediation Committee
8 members
Audit Committee
Nomination Committee
Annual Shareholders’ Meeting (ASM)
Chairman of the
Executive Board
Solely responsible for the management
of the company
appoints, supervises, advises
Chairman of the
Supervisory Board
Approval of certain management decisions
of material importance to the company
Reporting Election / ratification
reporting
Corporate Governance is the responsibility of the company’s corporate bodies. Continental AG’s Corporate Governance
Principles are closely modeled on the recommendations and suggestions of the German Corporate Governance Code.
Ratification Taking into account resolutions of ASM
Executive Board
Supervisory Board
* As of June 2011
Source: Based on information in Annual Report Continental AG 2011 (pp 38-41)
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131
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group V.
Rubber Group VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
132
Share & Bond Information
Share Data / ADR Data
Share Data
Type of share No-par value share
Bloomberg ticker symbol CON
Reuters ticker symbol CONG
German securities code number (WKN) 543 900
ISIN number DE0005439004
Shares outstanding at December 31, 2011 200,005,983
ADR Data
Ratio (ordinary share: ADR) 1:1
Bloomberg ticker symbol CTTAY
Reuters ticker symbol CTTAY.PK
ISIN number US2107712000
ADR level Level 1
Trading OTC
Sponsor Deutsche Bank Trust Company Americas
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Share & Bond Information
Share Price Development vs. Major Stock Indexes
Source: Bloomberg, January 2012
0%
100%
200%
300%
400%
500%
600%
700%
800%
Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11
Conti DAX MDAX DJ Euro Stoxx Automobiles & Parts
134
375
414 433 433
512 512
146.5 161.7 169.0 169.0
200.0 200.0
0
100
200
300
400
500
600
2006 2007 2008 2009 2010 2011
Common stock (in € millions) Number of shares (in millions)
Share & Bond Information
Common Stock
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Share & Bond Information
Shareholder Structure
Shareholder structure
at December 31, 2011
Shareholder structure free float
(83% identified)
at December 31, 2011
B. Metzler seel. Sohn Co. Holding
AG 5.19%
Schaeffler Group
49.90%
M.M. Warburg & CO KGaA
5.19%
Free Float 39.72%
UK & Ireland 28%
Germany 26%
US & Canada 18%
Asia 10%
Austria & Switzerland
5%
France 4%
Scandinavia 5%
Other regions 4%
136
Share & Bond Information
Bond Details
Bond Data
Issuer Conti-Gummi Finance
B.V., Netherlands*
Conti-Gummi Finance
B.V., Netherlands*
Conti-Gummi Finance
B.V., Netherlands*
Conti-Gummi Finance
B.V., Netherlands*
Issue Senior Secured Notes Senior Secured Notes Senior Secured Notes Senior Secured Notes
Principal Amount €750 mn €1,000 mn €625 mn €625 mn
Offering Price 99.0047% 99.3304% 98.8610% 99.2460%
Rating B1 (Moody’s)
B (Standard & Poor’s)
B1 (Moody’s)
B (Standard & Poor’s)
B1 (Moody’s)
B (Standard & Poor’s)
B1 (Moody’s)
B (Standard & Poor’s)
Coupon 8.5% p.a. 7.5% p.a. 6.5% p.a. 7.125% p.a.
Issue Date July 16, 2010 September 13, 2010 October 5, 2010 October 5, 2010
Maturity July 15, 2015 September 15, 2017 January 15, 2016 October 15, 2018
Interest Payment Semi-annual January 15
and July 15
Semi-annual March 15
and September 15
Semi-annual January 15
and July 15
Semi-annual April 15 and
October 15
WKN A1AY2A A1A0U3 A1A1P0 A1A1P2
ISIN DE000A1AY2A0 DE000A1A0U37 DE000A1A1P09 DE000A1A1P25
Denomination €1,000 with min. tradable
amount €50,000
€1,000 with min. tradable
amount €50,000
€1,000 with min. tradable
amount €50,000
€1,000 with min. tradable
amount €50,000
* Guaranteed by Continental AG and certain subsidiaries of Continental AG
Fact Book 2011 |
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80
85
90
95
100
105
110
115
Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11
8.5% (July 2015) 6.5% (January 2016) 7.5% (September 2017) 7.125% (October 2018)
Share & Bond Information
Development of the Euro Bonds
Source: Bloomberg, January 2012
(in €)
138
Share & Bond Information
Development of Continental’s Credit Rating YE 2011
BBB
Investment Grade
Rati
ng
Development of Continental’s Credit Rating (S&P)
BBB+ BBB
BBB+
05/19/2000
10/31/2001
08/06/2004
Non-Investment Grade
2000 2001 2002 2003 2004 2005 2006 2007
BBB-
BB
B+
11/16/2007
09/26/2008 01/27/2009
08/13/2009
B
05/18/2010
2008 2009 2010 2011
B+
07/20/2011
Baa1 Baa2
Investment Grade
Rati
ng
Development of Continental’s Credit Rating (Moody’s)
Baa1 Baa2
Non-Investment Grade
05/19/2000 11/05/2001 04/01/2005
2001 2002 2003 2004 2005 2006 2007
B1
Ba2
Baa3
Ba1
02/26/2008 08/14/2009
11/07/2008 06/02/2009
02/23/2009
2008 2010 2000 2009
Ba3
2011
04/05/2011
Ba3
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Share & Bond Information
10 Year Financial Overview
2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Balance sheets
Non-current asets in € millions 15,075.5 14,887.9 14,724.6 16,348.4 17,383.9 5,877.9 5,193.8 4,953.9 4,835.0 5,102.2
Current assets in € millions 10,962.9 9,502.6 8,324.6 8,339.5 10,353.7 4,975.1 5,353.9 4,742.0 3,463.5 3,094.9
Total assets in € millions 26,038.4 24,390.5 23,049.2 24,687.9 27,737.6 10,853.0 10,547.7 9,695.9 8,298.5 8,197.1
Shareholders’ equity (excl. non-controlling
interests) in € millions 7,146.1 5,859.6 3,772.6 5,265.4 6,583.2 4,470.8 3,574.2 2,706.2 1,983.2 1,715.2
Non-controlling interests in € millions 397.2 343.3 289.1 264.5 272.9 239.1 220.8 231.0 151.4 92.2
Total equity, (incl.
non-controlling interests) in € millions 7,543.3 6,202.9 4,061.7 5,529.9 6,856.1 4,709.9 3,795.0 2,937.2 2,134.6 1,807.4
Equity ratio in % 29.0 25.4 17.6 22.4 24.7 43.4 36.0 30.3 23.9 20.9
Capital expenditure in € millions 1,711.3 1,296.4 860.1 1,595.2 896.9 805.0 871.8 703.0 625.8 620.0
Net indebtedness in € millions 6,772.1 7,317.0 8,895.5 10,483.5 10,856.4 1,181.0 493.2 881.1 1,168.6 1,899.0
Gearing ratio in % 89.8 118.0 219.0 189.6 158.3 25.1 13.0 30.0 58.9 110.7
Income statements
Sales in € millions 30,504.9 26,046.9 20,095.7 24,238.7 16,619.4 14,887.0 13,837.2 12,597.4 11,534.4 11,408.3
Share of foreign sales in % 73.7 72.8 71.0 68.5 69.2 67.6 65.8 66.8 67.0 68.4
Cost of sales in % of sales in % 79.0 77.8 80.0 80.4 75.8 75.3 74.6 75.0 76.5 78.2
Research and development expenses in % of
sales in % 5.3 5.6 6.7 6.2 5.0 4.5 4.3 4.2 4.3 4.3
Selling expenses in % of sales in % 4.7 5.0 5.6 4.9 5.5 5.7 6.1 6.2 6.2 6.4
Administrative expenses in % of sales in % 2.1 2.5 3.0 3.2 2.7 3.0 3.1 3.1 3.3 3.4
EBITA in € millions 2,596.9 1,935.2 -1,040.4 -296.2 1,675.8 1,601.9 1,507.1 1,157.4 855.2 694.3
EBITA in % of sales in % 8.5 7.4 -5.2 -1.2 10.1 10.8 10.9 9.2 7.4 6.1
Personnel expenses in € millions 6,358.2 5,891.7 5,199.8 5,746.3 3,652.7 3,175.2 3,054.3 3,011.7 2,681.8 2,650.2
Depreciation and amortization in € millions 1,631.1 1,652.4 2,631.6 3,067.6 814.8 699.6 741.8 667.2 603.1 670.3
Net income attributable to the shareholders of the
parent in € millions 1,242.2 576.0 -1,649.2 -1,123.5 1,020.6 981.9 929.6 716.2 314.0 226.0
Dividend and earnings per share
Dividend for the fiscal year in € millions 300.0* — — — 323.4 293.1 145.9 116.3 70.4 58.6
Number of shares at December 31 in millions 200.0 200.0 169.0 169.0 161.7 146.5 145.9 145.4 135.4 130.2
Earnings per share € 6.21 2.88 -9.76 -6.84 6.79 6.72 6.38 5.19 2.37 1.75
Employees
Annual average in thousands 159.7 142.7 133.4 148.4 93.9 81.6 81.1 73.7 66.5 65.1
* Based upon the Executive Board’s proposal for the appropriation of profits
140
Topics
A. Continental at a Glance I.
B. Continental Strategy II.
C. Continental Corporation III.
D. Market Data IV.
Automotive Group V.
Rubber Group VI.
Sustainability at Continental VII.
Share & Bond Information VIII.
Glossary IX.
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Financial Glossary
ADR American Depositary Receipt
Capex Capital expenditure on property, plant, equipment and software
EBIT Earnings Before Interest and Taxes
EBITDA EBIT Before Depreciation and Amortization
EBIT margin EBIT as a percentage of sales
EBITDA margin EBITDA as a percentage of sales
FCF Free Cash Flow. We define FCF as cash provided by operating activities minus cash used for investing
activities
Gearing ratio Represents the net indebtedness divided by total equity, expressed as a percentage
ISIN International Securities Identification Number
Net indebtedness The net amount of interest-bearing liabilities, investments and cash and cash equivalents as recognized in the
balance sheet as well as the market values of the derivative instruments
NIAT Net Income Attributable to the shareholders of the parent
Operating assets Operating assets are the assets less liabilities as reported in the balance sheet, without recognizing the net
indebtedness, discounted trade bills, deferred tax assets and income tax receivable and payable as well as
other financial assets and debt
PPA Purchase Price Allocation
R, D & E Expenses Research, Development and Engineering Expenses
ROCE (avg.) Return On Capital Employed. We define ROCE as the ratio of EBIT to average operating assets for the fiscal
year
142
Product Glossary
ABS Anti-Lock Brake System
ACC Adaptive Cruise Control
ADAS Advanced Driver Assistant System
AMT Automated Manual Transmission
AT Automatic Transmission
C&S Chassis & Safety Division
CT ContiTech Division
CV Commercial Vehicle
CVT Commercial Vehicle Tires Division
CVaT Continuous Variable Transmission
ECU Electronic Control Unit
DCT Double Clutch Transmission
EBS Electronic Brake System
ESC Electronic Stability Control
HEV Hybrid Electric Vehicle
HMI Human Machine Interface
HVAC Heating, Ventilation and Air Conditioning
I Interior Division
MAB/MIB Motorcycle Anti-lock Braking System /
Motorcycle Integrated Brake System
MT Manual Transmission
NVH Noise Vibration Harshness
OTR Off The Road Tires
PCB Printed Curcuit Board
PLT Passenger & Light Truck Tires Division
PT Powertrain Division
PWM Pulse Width Modulation
RV Recreational Vehicle
SSR Self Supporting Runflat Tires
SUV Sport Utility Vehicle
TCS Traction Control System
TPMS Tire Pressure Monitoring System
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Contact Data
Vahrenwalder Str.9 Rolf Woller
30165 Hannover Telephone: +49 511 938 1068
Germany e-mail: [email protected]
Ingrid Kampf Gabriele Collatz
Telephone: +49 511 938 1163 Telephone: +49 511 938 1915
Fax: +49 511 938 1080 e-mail: [email protected]
e-mail: [email protected]
www.continental-corporation.com Sabine Reese
Telephone: +49 511 938 1027
e-mail: [email protected]
Kajsa Hebeler
Telephone: +49 511 938 1062
e-mail: [email protected]
Michael Saemann
Telephone +49 511 938 1307
e-mail: [email protected]
144
Financial Calendar
2012
Annual Financial Press Conference March 1, 2012
Annual Shareholders’ Meeting April 27, 2012
Q1 Financial Report May 3, 2012
Half Year Report August 2, 2012
Nine Months Report October 31, 2012
2013
Annual Financial Press Conference March 2013
Annual Shareholders’ Meeting May 15, 2013
Q1 Financial Report May 2013
Half Year Report August 2013
Nine Months Report November 2013
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140 Years Continental
1871 – 2011
Official Partner of the UEFA EURO 2012
and Sponsor of the FIFA WORLD CUP 2014
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