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1 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Baader Bank Roadshow Munich, September 27,

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Presentation on theme: "1 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Baader Bank Roadshow Munich, September 27,"— Presentation transcript:

1 1 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Baader Bank Roadshow Munich, September 27, 2013 Rolf Woller Head of Investor Relations

2 2 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 AGENDA Corporation Highlights Automotive Group Rubber Group Indebtedness and Cash Flow Outlook Back-up & Fact Sheets 2011 – H1 2013 4) 1) 5) 2) 3) 6)

3 3 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Corporation Highlights Most Important KPIs H1 2013 Sales up by 0.4% to €16.6 bn; organic sales in Q2/13 increased by 4.8% Adj. EBIT 1) margin at 10.8% - adj. EBIT 1) at €1,776.9 mn (PPA and special effects -€146.3 mn) NIAT 2) up to €1,142 mn due to recognition of €256 mn deferred tax assets in the U.S. Free cash flow of -€88 mn in H1/13 due to reversed NWC effects; positively impacted by €158 mn net cash from acquisitions & disposals 3) ; FCF in Q2/13 amounted to €223 mn Net indebtedness at €6.0 bn as at June 30, mainly due to €450 mn dividend payment; Gearing ratio at 69% 4) Sustained value creation: trailing ROCE 5) up by 10 bps to 18.6% Financing activities during July 2013: Early repayment of 8.5% bond (07/15), call of 7.5% bond due on Sept. 16, 2013, Issuance of new bond under the Debt Issuance Programme with a coupon of 3% maturing 2018 Rating upgrade by Fitch: back to investment grade at BBB outlook stable Sales up by 0.4% to €16.6 bn; organic sales in Q2/13 increased by 4.8% Adj. EBIT 1) margin at 10.8% - adj. EBIT 1) at €1,776.9 mn (PPA and special effects -€146.3 mn) NIAT 2) up to €1,142 mn due to recognition of €256 mn deferred tax assets in the U.S. Free cash flow of -€88 mn in H1/13 due to reversed NWC effects; positively impacted by €158 mn net cash from acquisitions & disposals 3) ; FCF in Q2/13 amounted to €223 mn Net indebtedness at €6.0 bn as at June 30, mainly due to €450 mn dividend payment; Gearing ratio at 69% 4) Sustained value creation: trailing ROCE 5) up by 10 bps to 18.6% Financing activities during July 2013: Early repayment of 8.5% bond (07/15), call of 7.5% bond due on Sept. 16, 2013, Issuance of new bond under the Debt Issuance Programme with a coupon of 3% maturing 2018 Rating upgrade by Fitch: back to investment grade at BBB outlook stable 1)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) 2)Attributable to the shareholders of the parent 3)Acquisition and disposals of companies and business operations 4)Gearing ratio calculated by applying IAS 19 (rev. 2011); Gearing ratio at YE 2012 was 58% before applying IAS 19 (rev. 2011) and 65% thereafter 5)Reported EBIT (LTM) – applying IAS 19 (rev. 2011) – divided by average operating assets (LTM) 1)

4 4 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Automotive Group Rubber Group Tires adj. EBIT 1) margin maintained a high level at 17.4% (PY 17.4%) benefiting from lower raw material cost (H1/13: ~ €170 mn) and solid price mix; PLT volumes up by 5% and CV volumes up by 7% in Q2/13. PC & LT tire replacement demand recovering slowly in Europe (H1/13: -4%) and NAFTA (H1/13: 0%) CVT EBIT margin up 30 bps at 11.4% in H1/13 mainly due to lower raw material cost ContiTech adj. EBIT 1) margin only down by 10 bps to 12.9%; organic sales up by 0.1% Rubber Group organic sales decreased by 0.2%; adj. EBIT 1) margin maintained at high level of 16.3% (PY: 16.3%) Tires adj. EBIT 1) margin maintained a high level at 17.4% (PY 17.4%) benefiting from lower raw material cost (H1/13: ~ €170 mn) and solid price mix; PLT volumes up by 5% and CV volumes up by 7% in Q2/13. PC & LT tire replacement demand recovering slowly in Europe (H1/13: -4%) and NAFTA (H1/13: 0%) CVT EBIT margin up 30 bps at 11.4% in H1/13 mainly due to lower raw material cost ContiTech adj. EBIT 1) margin only down by 10 bps to 12.9%; organic sales up by 0.1% Rubber Group organic sales decreased by 0.2%; adj. EBIT 1) margin maintained at high level of 16.3% (PY: 16.3%) Corporation Highlights Divisional Highlights H1 2013 1)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) 2)Operating leverage = delta adj. EBIT 1) divided by delta sales Chassis & Safety at 9.4% adj. EBIT 1) margin (PY: 10.2%); organic sales up by 4% (Q2/13 +7%) mainly due to strong growth in ADAS (+57% unit sales) and market share gains in HBS Powertrain at 4.8% adj. EBIT 1) margin (PY: 5.3%); organic sales decrease by 2% (Q2/13 +2%); adj. EBIT 1) margin advanced 200 bps QOQ to 5.8% in Q2/13 thanks to higher sales and better R&D utilization Interior at 8.6% adj. EBIT 1) margin (PY 8.9%); organic sales accelerated to 8% in Q2/13 with an operating leverage 2) of 13% Automotive Group organic sales increased by 2% in H1/13 and by 6% in Q2/13; adj. EBIT 1) margin improved by 110 bps QOQ mainly thanks to higher sales and better leverage of R&D cost Chassis & Safety at 9.4% adj. EBIT 1) margin (PY: 10.2%); organic sales up by 4% (Q2/13 +7%) mainly due to strong growth in ADAS (+57% unit sales) and market share gains in HBS Powertrain at 4.8% adj. EBIT 1) margin (PY: 5.3%); organic sales decrease by 2% (Q2/13 +2%); adj. EBIT 1) margin advanced 200 bps QOQ to 5.8% in Q2/13 thanks to higher sales and better R&D utilization Interior at 8.6% adj. EBIT 1) margin (PY 8.9%); organic sales accelerated to 8% in Q2/13 with an operating leverage 2) of 13% Automotive Group organic sales increased by 2% in H1/13 and by 6% in Q2/13; adj. EBIT 1) margin improved by 110 bps QOQ mainly thanks to higher sales and better leverage of R&D cost 1)

5 5 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 FY Sales €30,505 mn Corporation Highlights Sales and Adjusted EBIT 1) by Quarter 1)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013 H1 Sales €16,574 mn adj. EBIT 1) €1,777 mn H1 Sales €16,574 mn adj. EBIT 1) €1,777 mn Q2/13 organic sales growth at 5% and adj. EBIT 1) margin at 11.5% 1) FY Sales €32,736 mn

6 6 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Corporation Highlights Automotive and Rubber Group by Quarter Automotive Group Rubber Group 1)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013 1) Q2/13 organic sales growth in Automotive at 6% and Rubber at 4%

7 7 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Conti Market Corporation Highlights Growth Profile H1 2013 in % Conti Market Conti Market 1)According to IMF (WEO Update July 2013) 1) Conti Market

8 8 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Goodwill amounts to €5.6 bn; target is to achieve 20% ROCE by 2015 Corporation Highlights Sustained Value Creation 1)Trailing operating assets are calculated as assets for the last twelve months (LTM) 2)Trailing ROCE is calculated as reported EBIT for the last twelve months (LTM) divided by average operating assets (OA) for the LTM 3)Q4/12, Q1/13 and Q2/13 applying IAS 19 (rev. 2011) 1) 2) 18.8% 18.5% 3) 18.6% 3)

9 9 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 1) Early redemption of 07/15 maturity; principal amount €750 mn with a coupon 8.5% Call of 09/17 maturity; principal amount of €1,000 mn with a coupon of 7.5% and partial refinancing via new issuance in July, bond will be redeemed at Sept. 16 Call of 10/18 maturity; principal amount of €625 mn with a coupon 7.125% and full refinancing via new issuance in September, bond will be redeemed at Nov. 8 Call of 01/16 maturity; principal amount of €625 mn with a coupon 6.5% and full refinancing via new issuance in September, bond will be redeemed at Nov. 18 Continental successfully placed three bonds under the Debt Issuance Programme Issuances will reduce interest expenses and improve Continental’s maturity profile Issuer: €750 mn Issuance 07/18 Continental AG €750 mn Issuance 09/20 Continental AG €750 mn Issuance 03/17 Continental AG Issue:Senior Notes Principal amount: €750 mn Rating:S&P: BB / Moody’s: Ba2S&P: BB / Moody’s: Ba1/ Fitch 1) BBB Coupon:3.0%3.125%2.5% Issuance:July 16, 2013Sept. 9, 2013Sept. 19, 2013 Maturity:July 16, 2018Sept. 9, 2020March 20, 2017 Offering Price:98.95%98.228%99.595% Corporation Highlights Debt Capital Markets – Summary of Transactions in July – Sept 2013 1)Unsolicited rating

10 10 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 1)Assumptions: Redemption of called bonds and issuance of new 2018 maturity; original maturities are displayed 2)All amounts shown are nominal values 3)Amount drawn under the revolving credit facility (RCF) at June 30, 2013 which amounts to a total volume of €3,000 mn RCF has to be shown as short term debt according to IFRS and matures in 2018 at drawn amount 4)Nominal amount $950 mn (exchange rate at June 30, 2013: 1.3067) 5)Gross and net indebtedness, total liquidity and cash position would have to change in order to reflect redemption of called bonds including last interest payment Corporation Highlights Pro forma 1) Maturities 2) for Syndicated Loan and Bonds Syndicated Loan Bonds (mn €)FY 12H1 2013 Gross indebtedness8,2538,076 5) Cash2,3971,579 5) Net indebtedness5,3206,012 5) Available credit lines2,8012,970 Total liquidity5,1994,549 5) 3) 4) 1) Redeemed July 15, 2013 Will be redeemed at Sep.16, 2013 Issued on Sept. 9, 2013 Will be redeemed at Nov. 8, 2013 Will be redeemed at Nov.18, 2013 Issued on Sept.19, 2013 Issued on July 16, 2013 3) 4) Pro forma as at June 30, 2013 Pro forma as at Sept, 2013

11 11 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Since mid 2009 Continental’s credit rating has continuously improved due to the strong recovery of business operations: Continental’s current credit rating is: Fitch since July 15, 2013: BBB outlook stable S&P since May 24, 2013: BB outlook stable Moody’s since August 12, 2013: Ba1 outlook stable S&P as well as Moody’s are still applying the parent-subsidiary criterion on Continental’s credit rating but see Conti on a stand-alone basis back in investment grade S&P (May 24, 2013): "We have raised our assessment of Continental's stand-alone credit profile (SACP) to 'BBB' to reflect the improved financial risk profile. On a stand-alone basis, we view Continental's financial risk profile as intermediate 4)." Moody’s (Aug 12, 2013): “Continental's current leverage, with debt/EBITDA of 2.2x, and profitability, with EBIT margins of 10% for the last 12 months ended 30 June 2013, would indicate a higher rating, in the low to mid-Baa category, than the currently assigned Ba1 rating.” Corporation Highlights Upgrade to Investment Grade 1)Leverage covenant ratio as defined in syndicated loan agreement 2)IAS 19 (rev. 2011) applied for H1/13 3)According to broker estimates 4)S&P: “The SACP is not a rating but a rating component that reflects our opinion of a company's creditworthiness absent any extraordinary intervention from its parent.“ 1) Mid single digit >30%

12 12 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Automotive Group Benefitting from Stabilization in European Production Sales increased by €223 mn YOY in Q2/13 and were up 5.1% QOQ; organic sales growth in Q2/13 at +5.6% Adj. EBIT 1) increased by €15 mn – low operating leverage mainly due to Chassis & Safety which still suffers from high R&D cost on new volumes in ADAS Adjusted EBIT 1) margin at 8.3% (PY: 8.4%) Expect sales and adj. EBIT 1) in Q3/13 to decline in line with normal seasonal pattern Automotive Group Sales (mn €) Adj. EBIT 1) (mn €) and Adj. EBIT 1) Margin +223+15 1)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) 2)

13 13 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Reported sales change Chassis & Safety: 1.7% Powertrain:-2.1% Interior: 2.1% Automotive Group: 0.6% Automotive Group Adj. EBIT 1) Down Mainly on Sustained High R&D in H1 2013 Automotive Group Sales (mn €) Automotive Group Adj. EBIT 1) (mn €) Reported EBITDA 2) : €1,242 mn (12.3% of sales) Reported EBIT 2) : €637 mn (6.3% of sales) R&D 2) : €842 mn (8.4% of sales) Capex: €384 mn (3.8% of sales) 1)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) 2)IAS 19 (rev. 2011) applied - 2) 1)

14 14 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Rubber Group Adjusted EBIT 1) Margin Kept at High Level Sales increased by €136 mn in Q2 2013 mainly thanks to higher volumes compared to Q2 2012 in the tire business. Sales at ContiTech increased by €67 mn (vs. Q2/12) mainly due to consolidation effects from Freudenberg and Parker Hanifin Adj. EBIT 1) up by €4 mn on a nearly balanced price/mix; raw material tailwinds amounting to approx. €80 mn in Q2/13 Rubber Group Sales (mn €) +136 +4 3) Adj. EBIT 1) (mn €) and Adj. EBIT 1) Margin 1)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011)

15 15 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Rubber Group Solid Profitability Maintained in H1 2013 Reported sales change ContiTech: 4.6% Tires: -1.6% Rubber Group: 0.2% Reported EBITDA 2) : €1,286 mn (19.7% of sales) Reported EBIT 2) : €1,042 mn (16.0% of sales) R&D 2) : €145 mn (2.2% of sales) Capex: €482 mn (7.4% of sales) Rubber Group Sales (mn €) Rubber Group Adj. EBIT 1) (mn €) - 1) 3) 1)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) 2)IAS 19 (rev. 2011) applied 0

16 16 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Rubber Group Stabilization in Demand During Q2 2013 3) Replacement Tire Development for PC & LT Europe Replacement Tire Development for PC & LT NAFTA 1)U.S. Department of Transportation 1)

17 17 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Raw Material Price Development 1) 2010-2013E Rubber Group Expected Raw Material Price Development in 2013 - Updated Natural rubber price (TSR20) forecast lowered from US $3.25 to US $3.00 on average in 2013 Synthetic rubber price (butadiene feedstock) forecast lowered from US $2.15 to US $2.00 average in 2013 Oil-based chemicals, textile and carbon black to increase YOY About €300 mn tailwind expected from current raw material price development for FY 2013 1) Source: Bloomberg, prices as at July 10, 2013 and Continental estimates 1) 3)

18 18 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Indebtedness and Cash Flow Net Indebtedness Bridge €1,062 mn burden from change in working capital; reversal of favorable effects from Q4 2012 65% 69% (mn €) 1)According to cash flow statement incl. intangible assets 2)Gearing ratio calculated applying IAS 19 (rev. 2011) 3)Acquisition and disposals of companies and business operations 1) 4) Gearing Ratio 2) About € 158 mn positive cash effect from acquisitions & disposals 3)

19 19 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Indebtedness and Cash Flow Development of Net Indebtedness and Gearing Ratio 4)

20 20 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Indebtedness and Cash Flow Cash Flow Overview 4) Cash flow (mn €) H1 2012 & H1 2013 1) Acquisition and disposals of companies and business operations Operating FCF in H1/13 impacted by reversal of WC effects from Q4/12 and pick up in sales in Q2/13, while CF from investments benefited from acquisitions & disposals 1) FCF in Q2/13 amounted to € 223 mn

21 21 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Indebtedness and Cash Flow Adjusted EBITDA 1) and Leverage Ratio 1)Adjusted EBITDA as defined in syndicated loan agreement; IAS 19 (rev. 2011) applied to 2013 only 2)Leverage covenant ratio as defined in syndicated loan agreement Leverage Ratio 2) by Quarter Sales and Adj. EBITDA 1) (mn €) in H1 4) 1)

22 22 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Interest Result H1/13 (mn €) Indebtedness and Cash Flow Interest Result H1 2013 4) 1)Assuming 28% corporate tax rate; refer to EPS breakdown in back-up for further details 2)Including €23.4 mn negative FX effects and €2.2 mn from securities available for sale Net Interest Expense H1/13: Cost for the syndicated loan lowered by €89 mn to €48 mn firstly due to lower utilization and secondly to lower market interest rates and margin levels Cost for bonds increased by €109 mn mainly due to the carrying amount adjustment (€89 mn) and the US $ bond issued in Sept. 2012 Effects from valuation of derivative instruments swung from +€102 mn to -€3 mn in H1/13, therefore impacting net income negatively with about €75 1) mn Interest expenses amounting to €130 mn from the associated reversal of call options for the two bonds called in May (07/15) and July (09/17) will be incurred in Q3/13 2) 89.1

23 23 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Outlook PC & LT Production by Quarter 5) 2011: 20.0 mn 2012: 19.2 mn 2013E: 18.5 mn 2011: 13.2 mn 2012: 15.4 mn 2013E: 15.8 mn Slightly more positive on Europe after better-than-expected H1 development; Increasing NAFTA estimates from 15.5 mn to 15.8 mn units Source: IHS and own estimates k units

24 24 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Outlook Market Outlook for Major Regions 2013 Commercial Vehicle 2) Prod. (k units) CV Repl. 4) Tire Market (mn units) -3% 5% 11% 8% Some recovery from 2012 levels expected Slow recovery in core markets from 2012 levels 8% 2% 4% Source: IHS and own estimates Source: LMC and own estimates 6% 5) 1)Passenger car & light truck <6t 2)Heavy vehicles >6t 3)Passenger car & light truck replacement 4)Commercial vehicle replacement (radial & biased) Changes in comparison to the Q1/13 presentation marked in red. -4% 3% 1% 6% Source: IHS and own estimates PC & LT 1) Production (mn units) Worldwide to increase from 81 mn to ~83 mn units 1% 2% 7% 6% Source: LMC and own estimates PC & LT Repl. 3) Tire Market (mn units) World replacement tire market to increase by 2%

25 25 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Outlook Continental 2013 5) Consolidated sales & adj. EBIT 1) margin €32,736 mn 11.1% Automotive Group adj. EBIT 1) Automotive Group adj. EBIT 1) €19,505 mn €1,602 mn €19,505 mn €1,602 mn Rubber Group adj. EBIT 1) €13,262 mn €2,092 mn €13,262 mn €2,092 mn Raw material cost impact Slight positive effect in the Rubber Group 2012 2) Special effects +€12 mn Net interest expense Tax rate Net interest expense Tax rate €499 mn 26% €499 mn 26% Capex €2,019 mn 6.2% of sales €2,019 mn 6.2% of sales Free cash flow €1,653 mn To increase to around €34 bn Adj. EBIT 1) margin expected at >10% To increase to around €34 bn Adj. EBIT 1) margin expected at >10% To increase to above €20 bn sales Adj. EBIT 1) margin >8% To increase to ~€14 bn sales Adj. EBIT 1) margin >15% To increase to ~€14 bn sales Adj. EBIT 1) margin >15% Relief of ~€300 mn from raw material cost for the Rubber Group expected 2013E About -€50 mn Net interest result to amount to ~€800 mn mainly due to reversal of value for the call options for the bonds and the early redemption price of the bonds; Tax rate <30% before the recognition of DTA 3) Capex in line with 2012; PPA amortization will amount to ~€370 mn Gearing ratio expected to stay below 60% FCF >€700 mn 1)Before amortization of intangibles from PPA, consolidation (2012 in comparison to 2011) and special effects; applying IAS 19 (rev. 2011) 2)IAS 19 (rev. 2011) applied 3)Deferred tax asset sin the U.S.A. amounting to €256 mn

26 26 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Thank you for your attention! Official Sponsor of the 2014 FIFA World Cup TM

27 27 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Disclaimer This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the Baader Bank roadshow in Munich on September 27, 2013. 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 subsidiary 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. 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. This presentation has been prepared by Continental Aktiengesellschaft solely in connection with the Baader Bank roadshow in Munich on September 27, 2013. 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 subsidiary 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. 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.

28 28 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Contact Equity and Debt Markets Relations Vahrenwalder Str. 9Klaus Paesler 30165 Hanover Telephone: +49 511 938 1316 Germanye-mail: klaus.paesler@conti.deklaus.paesler@conti.de Rolf WollerSabine Reese Telephone: +49 511 938 1068Telephone: +49 511 938 1027 e-mail: rolf.woller@conti.dee-mail: sabine.reese@conti.derolf.woller@conti.desabine.reese@conti.de Ingrid KampfMichael Saemann Telephone: +49 511 938 1163Telephone: +49 511 938 1307 Fax: +49 511 938 1080 e-mail: michael.saemann@conti.demichael.saemann@conti.de e-mail: ir@conti.deir@conti.de www.continental-ir.comwww.continental-ir.com Henry Schniewind Telephone: +49 511 938 1062 e-mail: henry.schniewind@conti.de.schniewind@conti.de Vahrenwalder Str. 9Klaus Paesler 30165 Hanover Telephone: +49 511 938 1316 Germanye-mail: klaus.paesler@conti.deklaus.paesler@conti.de Rolf WollerSabine Reese Telephone: +49 511 938 1068Telephone: +49 511 938 1027 e-mail: rolf.woller@conti.dee-mail: sabine.reese@conti.derolf.woller@conti.desabine.reese@conti.de Ingrid KampfMichael Saemann Telephone: +49 511 938 1163Telephone: +49 511 938 1307 Fax: +49 511 938 1080 e-mail: michael.saemann@conti.demichael.saemann@conti.de e-mail: ir@conti.deir@conti.de www.continental-ir.comwww.continental-ir.com Henry Schniewind Telephone: +49 511 938 1062 e-mail: henry.schniewind@conti.de.schniewind@conti.de

29 29 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Continental Financial Calendar 2013 Annual Financial Press ConferenceMarch 7, 2013 Q1 Financial ReportMay 3, 2013 Annual Shareholders’ MeetingMay 15, 2013 Half Year Financial ReportAugust 1, 2013 Nine Month Financial ReportNovember 7, 2013 2014 Annual Financial Press ConferenceMarch 2014 Q1 Financial ReportMay 2014 Annual Shareholders’ MeetingApril 25, 2014 Half Year Financial ReportAugust 2014 Nine Month Financial ReportNovember 2014

30 30 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Continental Share Data / ADR Data Share Data Type of shareNo-par value share Bloomberg TickerCON Reuters TickerCONG German Security Identification Number (WKN)543 900 ISIN NumberDE0005439004 Shares outstanding as at June 30, 2013200,005,983 ADR Data Ratio (ordinary share: ADR)1:1 Bloomberg TickerCTTAY Reuters TickerCTTAY.PK ISIN NumberUS2107712000 ADR LevelLevel 1 ExchangeOTC SponsorDeutsche Bank Trust Company Americas

31 31 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Continental Bond Data 1)Guaranteed by Continental AG and certain subsidiaries of Continental AG 2)Security package released in connection with the refinancing of the Syndicated Facility, upstream guarantees package still in place 3)Unsolicited rating Issuer Conti-Gummi Finance B.V., Netherlands 1) Continental AG 1) Conti-Gummi Finance B.V., Netherlands 1) Continental Rubber of America, Corp., USA 1) Continental AG 1) IssueSenior Notes 2) Senior Notes Senior Notes 2) Senior Notes Principal Amount€625 mn€1,000 mn€750 mn €625 mn$950 mn€750 mn Offering Price98.861%99.3304%99.595%98.95%99.2460%100%99.228% Rating at Issuance Date B1 (Moody’s) B (S&P) B1 (Moody’s) B (S&P) Ba1 (Moody’s) BB (S&P) BBB (Fitch 3) ) Ba2 (Moody’s) BB (S&P) B1 (Moody’s) B (S&P) Ba3 (Moody’s) BB- (S&P) Ba1 (Moody’s) BB (S&P) BBB (Fitch 3) ) Current Corp. Rating Ba1 (Moody’s), BB (S&P), BBB (Fitch 3) ) Coupon6.5% p.a.7.5% p.a.2.5% p.a.3.0% p.a.7.125% p.a.4.5% p.a.3.125% p.a. Issue DateOctober 5, 2010Sept. 13, 2010Sept. 19, 2013July 16, 2013October 5, 2010Sept. 24, 2012Sept. 9, 2013 MaturityJan. 15, 2016Sept. 15, 2017March 20, 2017July 16, 2018Oct. 15, 2018Sept. 15, 2019Sept. 9, 2020 Start of Period for Redemption (60-90 days’ prior notice) October 5, 2013Sept. 13, 2013--- October 5, 2013Sept. 24, 2015--- Interest Payment Semi annual Jan. 15/Jul. 15 Semi annual Mar. 15/Sept. 15 Annual March. 20 Semi annual Jan. 16/Jan. 16 Semi annual Apr. 15/Oct. 15 Semi annual Mar. 15/Sept. 15 Annual Sept. 9 WKNA1A1P0A1A0U3TbaA1X24VA1A1P2A1G9JJA1X3B7 ISINDE000A1A1P09DE000A1A0U37TbaXS 0953199634DE000A1A1P25DE000A1G9JJ0XS 0969344083 Denomination €1,000 with min. tradable amount €50,000 €1,000 with min. tradable amount €1,000 €1,000 with min. tradable amount €50,000 $1,000 with min. tradable amount $150,000 €1,000 with min. tradable amount €1,000 Early Redemption per Sept.16, 2013 New Bond issued on July 16, 2013 New Bond issued on Sept 9, 2013 Early Redemption per Nov. 8, 2013 New Bond issued on Sept 19, 2013 Early Redemption per Nov. 18, 2013

32 32 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up

33 33 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Rating of S&P and Moody’s Since 2000 1) S&P: “The SACP is not a rating but a rating component that reflects our opinion of a company’s creditworthiness absent any extraordinary intervention from its parent“. 6) Ba2 09/28/12 Rating BBB+ BBB BBB+ BB B+ 05/19/0010/31/0108/06/0411/16/0709/26/0801/27/0908/13/09 Non-Investment Grade Investment Grade Credit Rating Standard & Poor’s: Rating Baa1 Baa2 Baa1 Baa2 Baa3 Ba1 Ba3 05/19/0011/15/0101/04/0502/26/0811/07/0812/18/0806/02/09 Non-Investment Grade Investment Grade Credit Rating Moody’s: 08/14/09 B1 Ba2 02/23/09 05/18/10 04/05/11 Ba3 07/20/1105/16/12 BB- B+ BBB S&P on May 24, 2013: "We have raised our assessment of Continental’s stand-alone credit profile (SACP) to ‘BBB’ to reflect the improved financial risk profile. On a stand-alone basis, we view Continental’s financial risk profile as intermediate 1)." Before Siemens VDO SACP 1) : BB BBB B 05/24/13 BBB- On Aug 12, 2013: “Continental's current leverage and profitability for the last 12 months ended 30 June 2013, would indicate a higher rating, in the low to mid-Baa category, than the currently assigned Ba1 rating.” Ba1 08/12/13

34 34 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Accounting Changes and Other Effects Implementation of IAS 19 rev. 2011, employee benefits (first time adoption as of Jan 1, 2013) Positive EBIT effect of about €114 mn in 2012 of which approx. €92 mn are shown in the net interest expense Positive ROCE effect Positive EBIT effect of about €114 mn in 2012 of which approx. €92 mn are shown in the net interest expense Positive ROCE effect IAS 39: Early redemption options for bonds IAS 39: Early redemption options for bonds 2012: Positive effect of €113 mn 2013: Negative effect 1) can amount to €250 mn 2012: Positive effect of €113 mn 2013: Negative effect 1) can amount to €250 mn P&L effect Corporate tax rate Expected to stay below 30% 2) Purchase price allocation Amortization will decrease to about €370 mn from €446 mn in 2012 Market value of derivative instruments will change accordingly Effect on statement of financial position (Balance sheet) No impact Intangible assets to decrease accordingly No impact Cash flow effect No impact Provision for pension obligations rise by about €1,2 bn Deferred tax asset up by about €0.2 bn Equity decline by about €1 bn Gearing ratio will remain below 60% in 2013 Higher volatility of equity and gearing ratio in the future Provision for pension obligations rise by about €1,2 bn Deferred tax asset up by about €0.2 bn Equity decline by about €1 bn Gearing ratio will remain below 60% in 2013 Higher volatility of equity and gearing ratio in the future 1)Assuming worst case scenario 2) before the recognition of the DTA amounting to €256 mn 6)

35 35 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Overview of Volume Development 6)

36 36 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Corporation Highlights H1 2013 Sales EBITDA 4) EBIT 4) NIAT 3) EPS Capex R&D 4) Cash flow Net debt Sales EBITDA 4) EBIT 4) NIAT 3) EPS Capex R&D 4) Cash flow Net debt Increase of 0.4% to €16,574.3 mn (PY: €16,506.2 mn); organic sales increased 0.9% Decrease of 0.5% to €2,479.3 mn (PY: €2,492.6 mn) Decrease to €1,630.6 mn (PY: €1,653.4 mn) Adj. EBIT 1) decrease to €1,776.9 mn (10.8% adj. EBIT 1) margin) PPA 2) effect -€193.8 mn; total special effects +€47.5 mn Increase to €1,141.9 mn (PY: €1,003.2 mn) EPS of €5.71 (PY: €5.02) EPS before PPA 2) €6.41 (PY: €5.81 before PPA 2) ) Capex increased to €867.0 mn (PY: €828.8 mn); capex ratio 5.2% of sales; Capex to depreciation coverage 1.0x (1.3x ex PPA 2) ) Expenses for research and development increased by 9.6% to €987.0 mn (PY: €900.5 mn); R&D ratio 6.0% of sales (PY: 5.5%) Operating cash flow down by €363.7 mn to €624.4 mn; free cash flow -€88.2 mn Net indebtedness up by 13.0% to €6,011.9 mn vs. YE 2012 due to higher dividend; Liquidity and undrawn credit lines amounted to €4,548.6 mn Increase of 0.4% to €16,574.3 mn (PY: €16,506.2 mn); organic sales increased 0.9% Decrease of 0.5% to €2,479.3 mn (PY: €2,492.6 mn) Decrease to €1,630.6 mn (PY: €1,653.4 mn) Adj. EBIT 1) decrease to €1,776.9 mn (10.8% adj. EBIT 1) margin) PPA 2) effect -€193.8 mn; total special effects +€47.5 mn Increase to €1,141.9 mn (PY: €1,003.2 mn) EPS of €5.71 (PY: €5.02) EPS before PPA 2) €6.41 (PY: €5.81 before PPA 2) ) Capex increased to €867.0 mn (PY: €828.8 mn); capex ratio 5.2% of sales; Capex to depreciation coverage 1.0x (1.3x ex PPA 2) ) Expenses for research and development increased by 9.6% to €987.0 mn (PY: €900.5 mn); R&D ratio 6.0% of sales (PY: 5.5%) Operating cash flow down by €363.7 mn to €624.4 mn; free cash flow -€88.2 mn Net indebtedness up by 13.0% to €6,011.9 mn vs. YE 2012 due to higher dividend; Liquidity and undrawn credit lines amounted to €4,548.6 mn 1)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) 2)Amortization of intangibles from PPA 3)Attributable to the shareholders of the parent 4)IAS 19 (rev. 2011) applied 6)

37 37 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Key Historical Credit Metrics – IAS 19 (rev. 2011) applied 6) 6) 1)Amounts shown may contain rounding differences 2)Adjusted EBITDA from 2009 on as defined in syndicated loan but IAS 19 (rev. 2011) not applied in 2012 3)Includes changes in inventories, trade accounts receivable, trade accounts payable and discounted notes 4)Iincludes dividends received, income from at-equity accounted and other investments incl. impairments, gains and losses from disposals, other non-cash items as well as changes in pension and similar obligations (including effects from transactions regarding contractual trust arrangements [CTA] in 2009) and in other assets and liabilities 5)Adj. EBITDA to net cash interest paid 6)For 2012 & 2013 only

38 38 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Capex and Depreciation H1 2013 & EPS Breakdown Capex, Depreciation & PPA 1) (mn €) EPS ex PPA 1) incl. Der. Instr. 2) H1/12 vs. H1/13 1)Amortization of intangibles from PPA 2)Der. Instr. = Derivative instruments 3)Assuming corporate tax rate of 28% 6) 2) 1) 3) 1) 2) 5.81 6.41 EPS of €5.72 negatively impacted with €0.01 from Der. Instr. 2)

39 39 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Automotive Group Financials – Chassis & Safety Sales increased by 3.7% before consolidation and FX effects EBITDA 1) decreased by €15.0 mn to €492.1 mn (-3.0%) Adj. EBIT 2) decreased by €22.9 mn to €343.5 mn (adj. EBIT 2) margin 9.4%) EBIT 1) decreased by €21.8 mn to €318.0 mn (EBIT 1) margin 8.7%) PPA effect in H1 2013: -€26.4 mn Special effects in H1 2013: €0.3 mn Chassis & Safety H1 2013 +1.7% 6) 2) 1)IAS 19 (rev. 2011) applied for 2012 & 2013 2)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013. Refer to Fact Sheets for further details 1)

40 40 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Sales decreased by 2.0% before consolidation and FX effects EBITDA 1) increased by €10.2 mn to €327.4 mn (+3.2%) Adj. EBIT 2) decreased by €19.1 mn to €151.1 mn (adj. EBIT 2) margin 4.8%) EBIT 1) increased by €27.6 mn to €110.4 mn (EBIT 1) margin 3.5%) PPA effect in H1 2013: -€66.5 mn Special effects in H1 2013: €24.4 mn Back-up Automotive Group Financials – Powertrain Powertrain H1 2013 -2.1% 6) 1) 1)IAS 19 (rev. 2011) applied for 2012 & 2013 2)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013. Refer to Fact Sheets for further details 2)

41 41 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Automotive Group Financials – Interior Interior H1 2013 +2.1% Sales increased by 3.0% before consolidation and FX effects EBITDA 1) increased by €10.6 mn to €422.2 mn (+2.6%) Adj. EBIT 2) decreased by €4.0 mn to €286.8 mn (adj. EBIT 2) margin 8.6%) EBIT 1) increased by €12.9 mn to €208.2 mn (EBIT 1) margin 6.2%) PPA effect in H1 2013: -€96.0 mn Special effects in H1 2013: €19.6 mn 6) 2) 1)IAS 19 (rev. 2011) applied for 2012 & 2013 2)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013. Refer to Fact Sheets for further details 1)

42 42 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Rubber Group Financials – Tires Sales decreased by 0.4% before consolidation and FX effects EBITDA 1) decreased by €6.8 mn to €992.4 mn (-0.7%) Adj. EBIT 2) decreased by €14.1 mn to €806.8 mn (adj. EBIT 2) margin 17.4%) EBIT 1) decreased by €21.7 mn to €805.5 mn (EBIT 1) margin 17.4%) Special effects in H1 2013: €1.6 mn Tires H1 2013 -1.6% 6) 2) 1)IAS 19 (rev. 2011) applied for 2012 & 2013 2)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013. Refer to Fact Sheets for further details 1)

43 43 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Tires – Commercial Vehicle Tires Commercial Vehicle Tires H1 2013 -0.4% 6) Sales decreased by 0.4% EBIT 1) increased by €2.1 mn to €109.0 mn (EBIT 1) margin 11.4%) 1)IAS 19 (rev. 2011) applied for 2012 & 2013 1)

44 44 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Tires – Commercial Vehicle Tire Demand sees some Recovery 6) 1)BAG = Bundesamt für Güterverkehr 2)ATA = American Trucking Association Replacement Tire Development for Truck Tires Europe Replacement Tire Development for Truck Tires NAFTA 2) 1)

45 45 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Rubber Group Financials – ContiTech ContiTech H1 2013 +4.6% Sales increased by 0.1% before consolidation and FX effects EBITDA 1) increased by €5.1 mn to €293.4 mn (+1.8%) Adj. EBIT 2) decreased by €2.0 mn to €239.4 mn (adj. EBIT 2) margin 12.9%) EBIT 1) decreased by €2.5 mn to €236.9 mn (EBIT 1) margin 12.2%) Special effects in H1 2013: -€0.8 mn 6) 2) 1)IAS 19 (rev. 2011) applied for 2012 & 2013 2)Before amortization of intangibles from PPA, consolidation and special effects; applying IAS 19 (rev. 2011) for 2012 & 2013. Refer to Fact Sheets for further details 1)

46 46 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Fact Sheets 2011 – H1 2013

47 47 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Fact Sheets Quarterly Sales Analysis 6)

48 48 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Fact Sheets Quarterly EBITDA Analysis – IAS 19 (rev. 2011) applied for 2012 & 2013 6)

49 49 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Fact Sheets Quarterly Analysis of Adjusted EBIT 1) – IAS 19 (rev. 2011) applied 1) Before amortization of intangibles from PPA, changes in the scope of consolidation and special effects 6) 1)

50 50 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Fact Sheets Quarterly EBIT Analysis – IAS 19 (rev. 2011) applied for 2012 & 2013 6)

51 51 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Fact Sheets Consolidated Statement of Income – IAS 19 (rev. 2011) applied for 2012 & 2013 6) ) )

52 52 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Fact Sheets Consolidated Statement of Financial Position – Assets 6) Note: IAS 19 (rev. 2011) applied for 2012 & 2013

53 53 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Fact Sheets Consolidated Statement of Financial Position – Total Equity and Liabilities 6) Note: IAS 19 (rev. 2011) applied for 2012 & 2013

54 54 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Fact Sheets Consolidated Statement of Cash Flows 6) Note: IAS 19 (rev. 2011) applied for 2012 & 2013

55 55 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Fact Sheets Q2 2013 Results Reported & Adjusted (mn €) – by Division 6)

56 56 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Fact Sheets H1 2013 Results Reported & Adjusted (mn €) – by Division 6)

57 57 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Fact Sheets Q2 & H1 2013 Results Reported & Adjusted (mn €) – by Group 6)

58 58 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Shareholder Structure Since September 25, 2012 Shareholder Structure as at Dec. 31, 2010 Shareholder Structure as at Dec. 31, 2011 Shareholder Structure since Sept. 25, 2012 6)

59 59 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 Back-up Rating of S&P and Moody’s Since 2000 1) S&P: “The SACP is not a rating but a rating component that reflects our opinion of a company’s creditworthiness absent any extraordinary intervention from its parent“. 6) Ba2 09/28/12 Rating BBB+ BBB BBB+ BB B+ 05/19/0010/31/0108/06/0411/16/0709/26/0801/27/0908/13/09 Non-Investment Grade Investment Grade Credit Rating Standard & Poor’s: Rating Baa1 Baa2 Baa1 Baa2 Baa3 Ba1 Ba3 05/19/0011/15/0101/04/0502/26/0811/07/0812/18/0806/02/09 Non-Investment Grade Investment Grade Credit Rating Moody’s: 08/14/09 B1 Ba2 02/23/09 05/18/10 04/05/11 Ba3 07/20/1105/16/12 BB- B+ BBB S&P on May 24, 2013: "We have raised our assessment of Continental’s stand-alone credit profile (SACP) to ‘BBB’ to reflect the improved financial risk profile. On a stand-alone basis, we view Continental’s financial risk profile as intermediate 1)." Before Siemens VDO SACP 1) : BB BBB B 05/24/13 BBB- On May 31, 2013: Moody’s acknowledges that Conti’s so called “Grid- Indicated Rating” is currently ‘Baa2’ and reflects the ‘A’ rated competitive position and its ‘A’ rated ability to generate FCF through the business cycle

60 60 | © Continental AG EDMR – Equity and Debt Markets Relations Baader Bank Roadshow Munich, September 27, 2013 References Useful Links and References Continental Investor Relations Website http://www.continental-ir.com Annual and Interim Reports http://www.continental- corporation.com/www/portal_com_en/themes/ir/financial_reports/ Fact Book Fiscal Year 2012 http://www.continental- corporation.com/www/portal_com_en/themes/ir/financial_reports/ Investor Relations Events and Presentations http://www.continental-corporation.com/www/portal_com_en/themes/ir/events// Sustainability at Continental (Presentation and Fact Sheet for Investors) http://www.continental-ir.com Corporate Social Responsibility Report http://www.continental-sustainability.com Corporate Governance Principles http://www.continental- corporation.com/www/portal_com_en/themes/ir/corporate_governance/ Continental Share http://www.continental-corporation.com/www/portal_com_en/themes/ir/share/ Continental Bonds and Rating http://www.continental-corporation.com/www/portal_com_en/themes/ir/bonds/


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