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Citigroup Roadshow Frankfurt & London May 10/11, 2010 Wolfgang Schäfer, CFO.

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Presentation on theme: "Citigroup Roadshow Frankfurt & London May 10/11, 2010 Wolfgang Schäfer, CFO."— Presentation transcript:

1 Citigroup Roadshow Frankfurt & London May 10/11, 2010 Wolfgang Schäfer, CFO

2 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 Highlights Group Financials Financials Automotive Group Update Powertrain Financials Rubber Group Financial Indebtedness Outlook 2010 Back-up 2 / © Continental AG Agenda

3 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 3 / © Continental AG Highlights Group – Summary of Financial Highlights Q1 sales up by 39% YOY and by 5% QOQ; Q1 adj. EBIT* up by 641 mn YOY Adj. EBIT* improved to 605 mn – adj. EBIT* margin 10.2% in Q1/10; adj. EBIT* Q1/10 is above Q1/08 although sales still down by almost 10% Automotive Group: adj. EBIT* margin at 8% in Q1 2010; again strong results in C&S; further recovery in Interior and continuous improvement in Powertrain Rubber Group: adj. EBIT* margin at 14.5% in Q1 2010; all divisions contributed to sustained adj. EBIT* level compared to Q4 2009; no material impact yet from escalated raw material prices (esp. natural rubber) Overall almost no special items booked in Q1 2010 Cash consumption (FCF) limited to 363 mn in Q1 2010 despite a strong increase in all business activities No major cash out in Q1 2010 for restructuring undertaken in 2009 Capex at 178 mn in Q1 2010 but will increase in the coming quarters Net debt down to 8.2 bn at the end of Q1; net debt/adj. EBITDA @ 2.7x** in Q1 2010 *w/o amortization of intangibles from PPA, consolidation and special effects; ** calculated according to syndicated loan facilities Q1 2010 P&L Q1 2010 Balance Sheet

4 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 4 / © Continental AG Highlights Earnings Increase Thanks to Business Recovery and Cost Control 10.2%** Continental Corporation Consolidated Sales 24.239 bn adj. EBIT* 1.747 bn Consolidated Sales 20.096 bn adj. EBIT* 1.166 bn *w/o amortization of intangibles from PPA, consolidation and special effects **adj. EBIT as a percentage of sales before changes in scope of consolidation *

5 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 5 / © Continental AG Sales ( millions)Adjusted EBIT* ( millions)Sales ( millions)Adjusted EBIT* ( millions) Automotive GroupRubber Group Highlights Earnings Increase Thanks to Business Recovery and Cost Control *w/o amortization of intangibles from PPA, consolidation and special effects 1Q2Q3Q4Q 2008 2Q4Q1Q3Q 2009 2Q4Q1Q3Q 2010 1Q2Q3Q4Q 2008 2Q4Q1Q3Q 2009 2Q4Q1Q3Q 2010 1Q2Q3Q4Q 2008 2Q4Q1Q3Q 2009 2Q4Q1Q3Q 2010 1Q2Q3Q4Q 2008 2Q4Q1Q3Q 2009 2Q4Q1Q3Q 2010

6 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 6 / © Continental AG Highlights Net Indebtedness Walk-Down (FY 2009 to Q1 2010) ( million) *of subsidiaries and management units Gearing ratio Change in working capital -857.3 mn * *

7 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 7 Highlights Adj. LTM EBITDA at 3.0 bn Adj. LTM EBITDA 2,977.1 bn *Leverage covenant ratio defined as net debt to EBITDA (LTM) as defined in syndicated loan facilities and FSF

8 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 8 Highlights Current Credit Ratings Due to the acquisition of Siemens VDO and the beginning of the financial crisis Continentals corporate credit rating was downgraded several times Continentals current credit rating is: Moodys since Aug 14, 2009: B1 negative outlook S&P since Aug 13, 2009: B+ CreditWatch neg. Rating was confirmed on Jan 21, 2010 We expect S&P to resolve its CreditWatch within the next weeks Main concerns from S&P acc. to its Feb 2010 report are: … we consider that headroom under the new covenant structure could prove tight in 2010 and beyond. … and the relationship between Continental and Schaeffler remains the key risk for the rating.

9 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 Highlights Group Financials Financials Automotive Group Update Powertrain Financials Rubber Group Financial Indebtedness Outlook 2010 Back-up 9 / © Continental AG Agenda

10 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 10 / © Continental AG Group Financials Corporation *** *EBIT w/o amortization of intangibles from PPA, consolidation ( +1.8 mn) and special effects ( -15.8 mn) **EBIT w/o amortization of intangibles from PPA, consolidation ( +2.7 mn) and special effects ( -0.4 mn) ( millions) Adj. LTM EBITDA 2,977.1 mn

11 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 Highlights Group Financials Financials Automotive Group Update Powertrain Financials Rubber Group Financial Indebtedness Outlook 2010 Back-up 11 / © Continental AG Agenda

12 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 12 / © Continental AG Financials Automotive Group - Highlights Total production volume in Q1/10 increased by 2.4 mn units YOY and by 0.2 mn units QOQ Sales increased by 50% YOY (Q1/10 vs. Q1/09) and by 9% QOQ (Q1/10 vs. Q4/09) Organic sales growth again some 4 percentage points above market growth in main markets Adj. EBIT* margin level almost restored to Q1/08 level after 2 years despite a decrease of 1.7 mn units Working Capital (WC) under control in Q1/10 although sales increased by 1.2 bn compared to Q1/09 *w/o amortization of intangibles from PPA, consolidation and special effects Market Conti

13 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 13 / © Continental AG Financials Automotive Group: Continuation of Recovery Sales increased by 1,249 mn in Q1/10 compared to Q1/09 and by 9% QOQ Adj. EBIT* increased by 446 mn driven by volume recovery and strict cost control Adj. EBIT* margin up to 8.0% Sales ( million) Adj. EBIT* ( million) and adj. EBIT* margin Chg. YOY +1,249 *w/o amortization of intangibles from PPA, consolidation and special effects -5.9% 8.0% +446

14 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 14 / © Continental AG Reported sales increased by 49.5% Chassis & Safety 56.3% Powertrain 60.1% Interior 35.3% Financials Automotive Group: Overview Q1 2010 Automotive Group: Sales by division and organic growth ( million) Adj. EBIT* and adj. EBIT* margin by division ( million) EBITDA increased by 426.3 mn to 472.4 mn (PY 46.1 mn) Capex spending declined by 43.8 mn to 106.1 mn (2.8% of sales) R&D expenses declined by 3.4% to 318.4 mn (8.4% of sales) Organic sales growth *w/o amortization of intangibles from PPA, consolidation and special effects -

15 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 15 / © Continental AG Restructuring at Powertrain Powertrain: Continuous Improvement Since Q4/08 ( million) * *w/o amortization of intangibles from PPA, consolidation and special effects Committed to reach sustainable break-even on adj. EBIT level in 2011 Mid-term margin target at least 8% on reported level

16 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 Highlights Group Financials Financials Automotive Group Update Powertrain Financials Rubber Group Financial Indebtedness Outlook 2010 Back-up 16 / © Continental AG Agenda

17 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 17 / © Continental AG Financials Rubber Group – Highlights RT market Europe + 11% / NAFTA +10% Strong volume recovery – gained MS in RT Europe and Americas in Q1 2010 Volumes almost restored to Q1 2008 levels Increased tire prices in Europe by 3% to 5% starting May 2010 and by 6% in the US starting June 2010 Profitability restored on much lower volumes Decision on plant closure in Stoecken Strong recovery in OE business Industry business at previous year level Mix OE / non-OE improved to 55/45 in Q1 Raw material price increases will impact Rubber Group in the coming quarters PLT CVT ContiTech

18 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 18 / © Continental AG Financials Rubber Group: Raw Material Prices Start to Affect Earnings in Q2 Sales ( million) +448 +199 Sales increased by 448 mn and are at nearly the same level as in Q4 2009 due primarily to strong replacement tire shipments in Q1 2010 Adj. EBIT* up by 199 mn and almost unaffected from increasing raw material prices Raw material cost will be a burden in 2010 – target to compensate gross impact by price increases, mix improvements and efficiency gains Chg. YOY *w/o amortization of intangibles from PPA, consolidation and special effects 6.8% Adj. EBIT* ( million) and adj. EBIT* margin 14.5%

19 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 19 / © Continental AG Reported sales increased by 25.1% ContiTech 23.5% Passenger and Light Truck Tires 28.7% Commercial Vehicle Tires 18.0% Financials Rubber Group: Overview Q1 2010 EBITDA increased by 200.8 mn to 415.9 mn (PY: 215.1 mn) Capex spending decreased by 20.3% to 72.3 mn (3.2% of sales) R&D expenses slightly down by 0.2 mn at 56.6 mn (2.5% of sales) Adjusted EBIT* and adjusted EBIT* margin by divisionRubber Group: Sales by division ( million) *w/o amortization of intangibles from PPA, consolidation and special effects Organic sales growth ( million)

20 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 Highlights Group Financials Financials Automotive Group Update Powertrain Financials Rubber Group Financial Indebtedness Outlook 2010 Back-up 20 / © Continental AG Agenda

21 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 21 / © Continental AG Financial indebtedness Net Indebtedness & Gearing Ratio ( million) Equivalent to 189.0% under IFRS accounting Interest result Q1 2010 -153.7 mn: Interest income: 5.8 mn Interest expenses: -178.8 mn Positive F/X effects*: 19.3 mn (mainly not cash effective) *Including effects from changes in fair value of derivative instruments

22 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 22 / © Continental AG Financial Indebtedness Next Step: Balance Out Maturity Profile Cash and undrawn (fully committed) credit lines amounted to 3.56 bn at March 31, 2010 Tranche D amounted to 771 mn at end of Q1 2010 and is now accounted as maturity in 2010 but Tranche D will not become due before Aug 2012 Total other maturities (excl. Tranche B) in 2010 and 2011 amount to 777 mn 2012 maturities from VDO financing: Tranche C 5.0 bn Tranche D at drawn amount FSF* 2.45 bn Possible next step: balance out 2012 maturities by issuance of high yield bond in the course of H1/10 Q1 2010 Fully available credit lines Cash 1,410 2,151 Q1 2010 Pro-forma for Forward Start Facility Forward Start Facility *FSF will pay down outstanding amounts under Tranche B at August 2010 Total maturities 2010 1,242 thereof Tranche D 771 mn; Tranche D due in 08/2012 Fully available credit lines Cash 1,410 2,151

23 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 Highlights Group Financials Financials Automotive Group Update Powertrain Financials Rubber Group Financial Indebtedness Outlook 2010 Back-up 23 / © Continental AG Agenda

24 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 24 / © Continental AG Outlook 2010 Continental – Market Outlook 1/2 PLT RT markets (mn tires) Truck production (k units)PC & LT production (mn vehicles) TT RT markets (mn tires) +2% +26% +9% +4% +9% +5% +9% +19% +9% +7% +8% +1% +5% E E E E Source: Global Insight, LMC and own estimates Old: -1% Old: +20% Old: +2% Old: +3%

25 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 25 / © Continental AG Sales Adj. EBIT* Rubber Interest result Total special items Raw materials tires Dividend Capex Free cash flow Adj. EBIT* Automotive 20,095.7 mn 1,035.5 mn -720.8 mn 1,755.4 mn relief of approx. 250 mn none 860.1 mn 1,640.3 mn 192.0 mn at least +5% and up to +10% Sustain good 2009 results despite raw material price burden Depending on possible issuance of HYB up to minus 750-800 mn At around 100 mn At current natural rubber (>3 US $/kg) burden > 250 mn No dividend planned Expected increase of up to 400 mn Ability to generate free cash flow limited: a)Rising capex b)Restructuring from 2009 becomes cash effective c)Higher working capital Possibly triple adj. EBIT* compared to 2009 2009 2010E Outlook 2010 Continental – Company Outlook 2/2 *w/o amortization of intangibles from PPA, consolidation and special effects

26 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 26 / © Continental AG Thank you for your attention

27 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 27 / © Continental AG Disclaimer This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the Citigroup Roadshow, Frankfurt & London, May 10/11, 2010. 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 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 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 or 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.

28 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 28 / © Continental AG Contact Equity and Debt Markets Relations Vahrenwalder Str.9Rolf Woller 30165 Hannover Telephone: +49 511 938 1068 Germany e-mail: rolf.woller@conti.de Telephone: +49 511 938 1163 Fax: +49 511 938 1080 Gabriele Collatz e-mail: ir@conti.de Telephone: +49 511 938 1915 www.continental-ir.com e-mail: gabriele.collatz@conti.de

29 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 29 / © Continental AG Continental Financial Calendar 2010 Annual Financial Press ConferenceFebruary 23, 2010 Annual Shareholders MeetingApril 28, 2010 Q1 Financial ReportMay 4, 2010 HY Financial ReportJuly 29, 2010 9M Financial ReportNovember 3, 2010 2011 Annual Financial Press Conference February 2011

30 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 30 / © Continental AG Continental Share Data / ADR Data Share Data Bloomberg ticker CON GY Reuters ticker CONG.DE ISIN number DE0005439004 Shares outstanding as of March 31, 2010 200,005,983 ADR Data Ratio (Ordinary share ADR)1:1 Bloomberg ticker CTTAY Reuters ticker CTTAY.PK ISIN number US2107712000 Type Level 1 TradingOTC Sponsor Deutsche Bank Trust Company Americas

31 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 31 / © Continental AG Back-up

32 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 32 Supervisory Board headed by Prof. Dr. Wolfgang Reitzle Chairman of the Executive Board Quality & Environment; Corp. Comm. 17 years of industry experience Dr. Elmar Degenhart (CEO) Completion of the Executive Board – 160 Years of Experience PLT Tires Division 13 years of industry experience Nikolai Setzer ContiTech Division Director of HR and Labor relations 30 years of industry experience Heinz-Gerhard Wente Chassis & Safety Division 14 years of industry experience Dr. Ralf Cramer Powertrain Division 20 years of industry experience José Avila Interior Division 23 years of industry experience Helmut Matschi RUBBER GROUP AUTOMOTIVE GROUP Chief Financial Officer Finance; Controlling; Law; IT 23 years of industry experience Wolfgang Schäfer CV Tires Division Purchasing 20 years of industry experience Dr. Hans-Joachim Nikolin

33 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 33 / © Continental AG Highlights Cash Flow (Q1 2008 to Q1 2010) ( millions)

34 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 34 / © Continental AG Highlights Operations Q1 2010: Volumes Overview * All market data are based on prel. findings * *

35 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 35 / © Continental AG Highlights Financial Highlights Q1 2010 vs. Q1 2009 Sales Increase of 39.4% to 5,996.7 mn; Organic sales +38.5% EBITDA Increased by 638.8 mn to 888.3 mn (PY 249.5 mn) EBITIncrease to 494.4 mn (PY -165.0 mn) Adj. EBIT* increased to 604.7 mn (10.2% margin); PPA** effect -112.6 mn; total special effects -0.4 mn NIAT*** Increased by 495.0 mn to 227.7 mn (PY -267.3 mn) EPS/DivEPS of 1.14 (PY: -1.58) EPS w/o PPA** 1.54 (PY: -0.91) CapexCapex decreased by 61.7 mn to 178.1 mn; Capex ratio at 3.0% of sales Capex to depreciation coverage 0.45x R&D Expenses for research and development down by 11.5 mn to 375.0 mn; R&D ratio at 6.3% (PY 9.0%) Cash flow Operating cash flow improved by 99.3 mn to -196.0 mn Net Debt Net indebtedness down by 663.6 mn from YE 2009 to 8,231.9 mn; Gearing at 144.9%; liquidity and undrawn credit lines at Q1 10 at 3.56 bn * w/o amortization of intangibles from PPA, consolidation and special effects; ** amortization of intangibles from PPA; *** attributable to the shareholders of the parent,

36 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 36 / © Continental AG Financials Automotive Group Chassis & Safety * ** Sales increase of 56.0% before consolidation and FX effects EBITDA increased by 160.9 mn (PY 68.7 mn) EBIT increased by 163.6 mn to 149.0 mn Adj. EBIT increased by 162.7 mn to 163.1 mn PPA effect in Q1: -13.3 mn Special effects -0.8 mn * EBIT w/o amortization of intangibles PPA, consolidation ( +0.2 mn) and special effects ( -1.7 mn) ** EBIT w/o amortization of intangibles PPA, consolidation ( 0.0 mn) and special effects ( -0.8 mn) ( millions)

37 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 37 / © Continental AG Financials Automotive Group Powertrain * ** Sales increase of 61.5% before consolidation and FX effects EBITDA increased by 120.7 mn to 83.4 mn EBIT increased by 128.7 mn to -21.6 mn Adj. EBIT increased by 124.0 mn to 22.0 mn PPA effect in Q1: -44.0 mn Special effects -1.3 mn * EBIT w/o amortization of intangibles PPA, consolidation ( -1.2 mn) and special effects ( -2.7 mn) ** EBIT w/o amortization of intangibles PPA, consolidation ( +1.7 mn) and special effects ( -1.3 mn) ( millions)

38 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 38 / © Continental AG Financials Automotive Group Interior ( millions) Sales increase of 35.9% before consolidation and FX effects EBITDA increased by 144.8 mn to 159.5 mn EBIT increased by 156.3 mn to 54.9 mn Adj. EBIT increased by 159.1 mn to 114.8 mn PPA effect in Q1: -53.8 mn Special effects -6.1 mn * ** * EBIT w/o amortization of intangibles PPA, consolidation ( +2.4 mn) and special effects ( -4.8 mn) ** EBIT w/o amortization of intangibles PPA, consolidation ( 0.0 mn) and special effects ( -6.1 mn)

39 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 39 / © Continental AG Financials Rubber Group Passenger and Light Truck Tires ( millions) Sales increase of 24.8% before consolidation and FX effects EBITDA increased by 124.2 mn to 274.2 mn EBIT increased by 122.7 mn to 214.7 mn Adj. EBIT increased by 122.7 mn to 219.6 mn Volumes (worldwide) up by 28% due to strong OE business (OE up by 48%) and strong RT volumes in RT Americas (up by 39%) and Europe (up by 15%) Raw material prices almost neutral in Q1 2010 Total special effects -5.8 mn * EBIT w/o amortization of intangibles PPA, consolidation ( +0.1 mn) and special effects ( -4.1 mn) ** EBIT w/o amortization of intangibles PPA, consolidation ( +1.9 mn) and special effects ( -5.8 mn) * **

40 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 40 / © Continental AG Financials Rubber Group Commercial Vehicle Tires ( millions) * ** Sales increase of 14.4 % before consolidation and FX effects EBITDA increased by 19.0 mn to 25.9 mn EBIT increased by 19.6 mn to 5.9 mn Adj. EBIT increased by 20.4 mn to 7.2 mn Volumes ww up by 18%; RT Europe up by 35%; RT Americas up by 41%; OE Europe again down by 7% Raw material prices already impacted Q1 2010 slightly Total special effects -0.4 mn * EBIT w/o amortization of intangibles PPA, consolidation ( -0.1 mn) and special effects ( -0.3 mn) ** EBIT w/o amortization of intangibles PPA, consolidation ( -0.9 mn) and special effects ( -0.4 mn)

41 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 41 / © Continental AG Financials Rubber Group ContiTech ( millions) Sales increase of 22.9% before consolidation and FX effects EBITDA increased by 57.6 mn to 115.8 mn EBIT increased by 57.6 mn to 92.2 mn Adj. EBIT increased by 56.2 mn to 93.2 mn OE sales up by 50% vs. Q1 09; Aftermarket sales up 24% and industrial sector sales on par with previous years Mix OE / non-OE: 55/45 Total special effects -0.4 mn * ** *EBIT w/o amortization of intangibles PPA, consolidation ( +0.4 mn) and special effects ( -2.2 mn) **EBIT w/o amortization of intangibles PPA, consolidation ( 0.0 mn) and special effects ( -0.4 mn)

42 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 42 / © Continental AG Quarterly Sales Analysis ( millions)

43 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 43 / © Continental AG Quarterly EBITDA Analysis ( millions)

44 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 44 / © Continental AG Quarterly Analysis of adjusted EBIT* * EBIT w/o amortization of intangibles from PPA, consolidation and special effects ( millions)

45 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 45 / © Continental AG Quarterly EBIT Analysis ( millions)

46 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 46 / © Continental AG Consolidated Income Statements ( millions)

47 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 47 / © Continental AG Consolidated Balance Sheets Assets

48 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 48 / © Continental AG Consolidated Balance Sheets Shareholders Equity and Liabilities

49 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 49 / © Continental AG Consolidated Cash Flow Statements

50 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 50 / © Continental AG First Quarter Results 2010 Reported and Adjusted By Division ( millions)

51 Equity and Debt Markets Relations (EDMR) Citigroup Roadshow Frankfurt & London – May 10/11, 2010 51 / © Continental AG First Quarter Results 2010 Reported and Adjusted Automotive and Rubber Group ( millions)


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