Results 9M 2012
Schaeffler Group
Herzogenaurach, November 20, 2012
Disclaimer
This presentation contains forward-looking statements. The words "anticipate", "assume", "believe", "estimate", "expect", "intend",
"may", "plan", "project", "should" and similar expressions are used to identify forward-looking statements. Forward-looking
statements are statements that are not historical facts; they include statements about Schaeffler Group's beliefs and expectations
and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently
available to the management of Schaeffler AG. Forward-looking statements therefore speak only as of the date they are made, and
Schaeffler Group undertakes no obligation to update any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. These statements are based on Schaeffler AG
management's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements. Actual results may differ from those set forth in the forwardlooking statements as a result of various factors (including, but not limited to, future global economic conditions, changed market
conditions affecting the automotive industry, intense competition in the markets in which we operate and costs of compliance with
applicable laws, regulations and standards, diverse political, legal, economic and other conditions affecting our markets, and other
factors beyond our control).
This presentation is intended to provide a general overview of Schaeffler Group’s business and does not purport to deal with all
aspects and details regarding Schaeffler Group. Accordingly, neither Schaeffler Group nor any of its directors, officers, employees or
advisers nor any other person makes any representation or warranty, express or implied, as to, and accordingly no reliance should
be placed on, the accuracy or completeness of the information contained in the presentation or of the views given or implied. Neither
Schaeffler Group nor any of its directors, officers, employees or advisors nor any other person shall have any liability whatsoever for
any errors or omissions or any loss howsoever arising, directly or indirectly, from any use of this information or its contents or
otherwise arising in connection therewith.
The material contained in this presentation reflects current legislation and the business and financial affairs of Schaeffler Group
which are subject to change and audit.
Page 2
Schaeffler
Results 9M 2012
November 20, 2012
Agenda
Overview
Results 9M 2012
Outlook
Page 3
Schaeffler
Results 9M 2012
November 20, 2012
1 Overview
9M 2012 – Solid results in a challenging environment
Mixed market conditions:
Increasingly challenging market conditions in automotive
(Europe) and most industrial sectors (Europe and Asia);
ongoing growth in North America
Plant in Taicang, China
Robust sales growth (+4.2%) but further weakening
momentum
Solid EBIT margin of 13.6%
Free Cash Flow in Q3 at 92 million Euro
Plant in Hoechstadt, Germany
Page 4
Rating upgrades from S&P and Moody's
Schaeffler
Results 9M 2012
November 20, 2012
2 Results 9M 2012
Results overview
9M 2012
9M 2011
Q3 2012
Q3 2011
in EUR mn
in EUR mn
in EUR mn / %
in EUR mn
in EUR mn
in EUR mn / %
Sales
8,422
8,082
+4.2%
2,770
2,703
+2.5%
EBITDA
1,599
1,770
-9.7%
520
605
-14.0%
19.0
21.9
-2.9% pts
18.8
22.4
-3.6% pts
1,144
1,349
-15.2%
364
466
-21.9%
EBIT margin
13.6
16.7
-3.1% pts
13.1
17.2
-4.1% pts
Net income
731
743
-1.6%
226
102
> 100%
Free cash flow
122
229
-107 mn
92
152
-60 mn
Leverage ratio¹
3.2x
2.9x
+0.3x
3.2x
2.9x
+0.3x
EBITDA margin
EBIT
1) Excl. shareholder loans
Page 5
Schaeffler
Results 9M 2012
November 20, 2012
2 Results 9M 2012
Sales growth continued but momentum further weakening
Sales
Sales by region1)
in EUR mn
in % and y-o-y growth
+4.2%
vs. 9M 2011
Germany
Asia/Pacific
Q3: +2% (9M: +4%)
Q3: +5% (9M: +10%)
2,697 2,682 2,703
2,612
2,402
2,858
22%
2,794 2,770
27%
2,452 2,481
South America
2,160
5%
Q3: -13% (9M: -12%)
15%
31%
North America
Q3: +20% (9M:+20%)
Europe (w/o Germany)
Q3: -3% (9M: -3%)
9,495
10,694
8,422
Sales by division
in EUR mn
Q1
Q2
Q3
Q4
2010
Q1
Q2
Q3
Q4
2011
Q1
Q2
2012
Gross profit margin:
31% 32% 33%
30%
32% 30% 31% 28%
9M 2012
9M 2011
Automotive
5,761
5,403
+6.6%
Industrial
2,613
2,609
+0.2%
Other
48
70
-22 mn
Total
8,422
8,082
+4.2%
Q3
31% 30% 31%
1) Market view (= location of customers)
Page 6
Schaeffler
Results 9M 2012
November 20, 2012
2 Results 9M 2012
Automotive – Non-European business driving sales growth
Sales Automotive
Highlights Automotive
in EUR mn
Q3 2012
+6.6%
vs. 9M 2011
1,938 1,904 1,919
1,821
1,768 1,814 1,754
1,608 1,598 1,628
Automotive sales growth driven by
strong development in North America and
Asia/Pacific
1,491
Overproportional growth rates in dry double
clutches, continuously variable transmissions (CVT) and camshaft phasers
6,325
Q1
Q2
Q3
Q4
2010
Q1
Q2
Q3
Strong growth rates with innovative products
such as ball screw drives and UniAir
5,761
7,157
Q4
Q1
2011
Q2
Q3
2012
Gross
profit 29% 29% 31% 27%
margin
29% 27% 28% 25%
28%
28%
29%
EBIT
margin 16% 17% 16% 14%
17% 15% 16% 12%
13%
14%
14%
Page 7
Schaeffler
Results 9M 2012
Sales decline in South America mainly due
to weakness in truck markets
November 20, 2012
2 Results 9M 2012
Automotive – Outgrowing production growth
Production of light
vehicles in 9M 2012
vs. 9M 2011
(IHS Global Insight)
excluding Japan
Europe
(w/o Germany)
Germany
World
+8%
+7%
+7%
-3%
+4%
-7%
-2%
Asia/Pacific
(w/o Japan)
North America
+19%
Production of light
vehicles in 9M 2012
vs. 9M 2011
(IHS Global Insight)
including Japan
Sales growth
Schaeffler Automotive1)
9M 2012 vs. 9M 2011
(by location of
customer)
South America
+22%
+21%
-3%
+12%
+7%
-7.0%
-15%
1) Schaeffler Automotive sales growth by region is not necessarily an indication of actual end-customer demand by region (e.g. German sales includes
components and systems sold to customers in Germany who eventually export the final product to customer locations in North and South America as well as Asia/Pacific)
Page 8
Schaeffler
Results 9M 2012
November 20, 2012
2 Results 9M 2012
Industrial – Accelerating downward trend in key markets
Sales Industrial
Highlights Industrial
in EUR mn
Q3 2012
Increasingly weakening momentum in
key industrial sectors
+0.2%
vs. 9M 2011
905
748
810
803
856
877
876 854
868
840
641
3,002
Q1
Q2
Q3
3,463
Q4
2010
Q1
Q2
Q3
Sales growth in Eastern Europe and
North America; in particular driven by
Heavy Industries, Aerospace and
Aftermarket business
2,613
Q4
Q1
2011
Q2
Q3
2012
Gross
profit 37% 39% 39% 37%
margin
39% 36% 38% 34%
39%
36%
36%
EBIT
margin 15% 18% 18% 18%
20% 17% 20% 14%
17%
14%
12%
Page 9
Schaeffler
Quarterly sales decrease in all sectors apart
from Heavy Industries and Aerospace;
Aftermarket business stable
Results 9M 2012
Sales decrease in Western Europe (incl.
Germany) and Asia/Pacific (mainly China);
main sectors were Wind Energy, Railway
and Power Transmission
November 20, 2012
2 Results 9M 2012
Profitability impacted by weakness in industrial businesses
EBIT
EBIT
in EUR mn
in EUR mn
+340
-15.2%
1,349
-270
vs. 9M 2011
472
404 398
1,144
-37
-54
-102
466
411
401
372
379
364
340
335
EBIT
Sales
9M 2011
EBIT
margin
1,509
-82
1,689
COGS
R&D
Selling
Admin
Other
16.7%
EBIT
9M 2012
13.6%
1,144
EBIT by division
Q1
Q2
Q3
Q4
2010
EBIT
margin 15.5% 16.8% 16.2% 15.0%
15.9%
Q1
Q2
Q3
Q4
2011
17.5% 15.3% 17.2% 13.0%
15.8%
Q1
Q3
Q2
in EUR mn
9M '12
EBIT
9M '11
EBIT
in %
9M '12
margin
9M' 11
margin
Automotive
764
857
-10.9
13.3%
15.9%
Industrial
380
492
-22.8
14.5%
18.9%
1,144
1,349
-15.2
13.6%
16.7%
2012
14.0% 13.6% 13.1%
13.6%
Total
Page 10
Schaeffler
Results 9M 2012
November 20, 2012
2 Results 9M 2012
9M net income at EUR 731mn
Net income¹) 9M 2012
Net income¹)
in EUR mn
in EUR mn
438²)
8,422
147
236
203
176
146
39
731
889
63
1,144
-7,278
410
One-off
dilution loss of
EUR -396 mn
731
-264
-357
-559
1
Costs
EBIT
Interest
result
2
Q1
Taxes/
Investment
minorities
result
1) Net income attributable to the shareholders of the parent company
Page 11
226
102
97
Sales
269
Schaeffler
Q2
Q3
2010
Net
income
Q4
Q1
Q2
Q3
2011
Q4
Q1
Q2
2012
2) Q1 2011 result includes mark-to-market gains from interest rate derivatives
of EUR 155 mn
Results 9M 2012
November 20, 2012
Q3
2 Results 9M 2012
9M cash interest at EUR 412 mn
1
Interest result¹
Composition of interest result 9M 2012
in EUR mn
in EUR mn
559
39
Interest expenses financial debt
412
73
393
24
310
30
287
240
231
214
309
210
174
175
141
119
73
810
Q1
Q2
Q3
2010
733
1
Q4
Q1
Q2
Q3
2011
559
Q4
Q1
Q2
11
Q3
2012
Non-Cash
Interest
result
(P&L)
3Q12
175
1) For presentation purposes negative results are shown as positive figures
Page 12
Schaeffler
Results 9M 2012
Cash
Cash Hedging Transaction
Other Amortization Accrued Cash
Mark-toaccrued transaction interest interest Interest
&
costs
market
(mainly
costs
result expenses others
interest interest,
bonds)
financial
mainly
rate
debt
derivatives pension
(loans)
expense
15
November 20, 2012
22
-13
-50
201
165
28
8
2 Results 9M 2012
2
At equity result further improved
Net income Continental
At equity result Schaeffler
in EUR mn
in EUR mn
483
2011
520
449
368
348
Q1
Q2
Q3
Q4
Q1
Q2
Q3
368
315
211
348 1,242 483
520
449
(per 30/09/12:
36.14%)
155
120
76
126
477
175
189
162
PPA effects
-49
-44
-42
-31
-166
-39
-40
-38
0
13
0
0
13
0
0
0
106
89
34
95
324
136
149
124
Net Income
Continental
315
2012
FY
Conti shares
228
213
211
121
14
1,242
576
1,452
Other
At Equity
Result
Sales 5,997 6,658 6,490 6,903
EBIT
494
Page 13
517
365
559
7,346 7,533 7,714 7,912
634
647
636
680
8,320 8,187 8,134
766
843
Schaeffler
745
Results 9M 2012
November 20, 2012
2 Results 9M 2012
9M free cash flow at EUR 122 mn
EBITDA
Free cash flow 9M 2012
in EUR mn
in EUR mn
152
137
92
90
66
80
11
613
553
545
484
605
549
552
515
-107
1,599
530 520
Q1
Q2
473
Q3
2011
Q4
Q1
Q3
Q2
2012
-244
-672
+81
2,097
Q1
Q2
Q3
Q4
Q1
2010
EBITDA
margin 22.4
in %
23.0
1,599
2,243
22.2
Q2
Q3
-186
Q4
Q1
2011
20.8
LTM
EBITDA 1,381 1,701 1,899 2,097
22.7
20.6
22.4
122
-456
Q2
Q3
EBITDA
Net
working
capital
Capex
520
19
-200
Interest Dividends
payments
Taxes1)/
Free
other cash flow
2012
18.1
2,226 2,225 2,285 2,243
19.2
19.0
Q3
2012
18.8
-201
1
-47
2,179 2,157 2,072
1) 'Income taxes paid' as cash out of EUR -205 mn (2011: EUR -169 mn)
Page 14
Schaeffler
Results 9M 2012
November 20, 2012
92
2 Results 9M 2012
Working capital stable – Capex decelerating
Working Capital
Capex spent2)
in EUR mn
in EUR mn
2,547 2,562
2,642
2,667
2,723 2,677
2,411
259
2,424 2,405 2,325
250
2,268
222 200
206
188
162
120
72
76
51
Inventories
361
Q1
Q2
Q3
Q4
2010
in %
29.2 28.8 26.8 24.5
of
sales1)
Q1
Q2
Q3
Q4
Q1
2011
25.4 24.8 25.2 22.5
Q2
Q3
Q1
2012
24.3
24.8
Q2
Q3
24.3
in %
2.4
of
sales
1) Calculation based on LTM sales
3.0
3.1
2) Cash view
Schaeffler
Q4
Q1
2010
3.8%
Page 15
773
Results 9M 2012
November 20, 2012
Q2
672
Q3
Q4
Q1
2011
6.5
4.4
7.0
7.6
7.2%
Q2
Q3
2012
9.9
8.7
7.9
8.0%
7.2
2 Results 9M 2012
Net debt down – Leverage ratio unchanged
Net financial debt / Leverage ratio¹)
Available funds
in EUR mn
in EUR mn
7,145 7,088
7,164 7,094
6,940
6,020
6,124 6,069
1,481 1,475
5,930
1,325
5,763 5,744
1,244
1,243
1,190
1,049
1,140
1,093
1,141 1,165
4.4x
3.5x
3.0x
3.2x
3.2x 3.2x
600
420
280
266
Q3
Q4
3.0x
2.7x
Q1
Q2
Q3
Q4
2.7x 2.7x
Q1
2010
584
740
Q1
2011
Gross 6,468 6,514 6,503 6,477
debt
Cash
448
position
Q2
2.9x
733
353
500
Leverage ratio (Net financial debt / LTM EBITDA)
Q3
2012
6,482 6,422 7,645 7,485
358
Q2
242
397
7,455 7,412
291
318
Q1
Q2
Q3
Q1
Q2
2010
2011
Q4
Q1
Q2
2012
298
Revolving Facility and Ancilliary Lines
Shareholder loans
Schaeffler
Q3
7,238
1) Excluding shareholder loans
Page 16
Q4
Results 9M 2012
November 20, 2012
Cash and cash equivalents
Q3
3 Outlook
Sales guidance reduced due to adverse market developments;
Profitability targets unchanged
Growth
Profitability
Target 2012
Sales growth
Capex
Target 2012
4%
(previously >5 %)
EBIT margin
> 13 %
6-8 % of sales
Free cash flow
Sustainably positive
Quality
Innovation
Target 2012
Target 2012
Quality policy
Employees
Page 17
Further improve
> 2,500 new jobs
Schaeffler
Results 9M 2012
R&D expenses
~ 5 % of sales
Innovation
Maintain leading
position in patent
applications
November 20, 2012
Schaeffler IR contact
Investor Relations
Financial Calendar 2012
phone: + 49 9132 82 4440
fax:
+ 49 9132 82 4444
ir@schaeffler.com
www.schaeffler-group.com/ir
Q3 2012 results: November 20, 2012
FY 2012 results: March 21, 2013
Backup
Bond data
Issuer
Schaeffler Finance
B.V.
Schaeffler Finance
B.V.
Schaeffler Finance
B.V.
Schaeffler Finance
B.V.
Schaeffler Finance
B.V.
Issue
Senior Secured Notes
Senior Secured Notes
Senior Secured Notes
Senior Secured Notes
Senior Secured Notes
Principal Amount
€800 mn
$600 mn
€400 mn
$500 mn
€326 mn
Offering Price
98.981%
98.981%
100.000%
100.000%
98.981%
Rating
B1 (Moody's)
B+ (S&P)
B1 (Moody's)
B+ (S&P)
B1 (Moody's)
B+ (S&P)
B1 (Moody's)
B+ (S&P)
B1 (Moody's)
B+ (S&P)
Coupon
7.75%
7.75%
8.75%
8.50%
6.75%
Issue Date
February 9, 2012
February 9, 2012
February 9, 2012
February 9, 2012
June 29, 2012
Maturity
February 15, 2017
February 15, 2017
February 15, 2019
February 15, 2019
July 1, 2017
Interest Payment
Feb. 15 / Aug. 15
Feb. 15 / Aug. 15
Feb. 15 / Aug. 15
Feb. 15 / Aug. 15
May 15 / Nov. 15
ISIN
XS0741938624
US806261AC75
XS0741939788
US806261AA10
XS0801261156
Denomination
€1,000 with minimum
tradable amount
€100,000
$2,000 with minimum
tradable amount
$200,000
€1,000 with minimum
tradable amount
€100,000
$2,000 with minimum
tradable amount
$200,000
€1,000 with minimum
tradable amount
€1,000
Page 19
Schaeffler
Results 9M 2012
November 20, 2012
Backup
Summary – Quarterly development
2011
st
In € millions
1 quarter
2
nd
rd
th
2012
st
quarter
3 quarter
4 quarter
1 quarter
2
nd
rd
quarter
3 quarter
Income statement
Revenue
2,697
2,682
2,703
2,612
2,858
2,794
2,770
EBITDA
613
552
605
473
549
530
520
- in % of revenue
EBIT
22.7
20.6
22.4
18.1
19.2
19.0
18.8
472
411
466
340
401
379
364
- in % of revenue
Net income 1)
17.5
15.3
17.2
13.0
14.0
13.6
13.1
438
203
102
146
236
269
226
Statement of financial position
Total assets
13,372
12,738
13,001
12,989
13,449
13,806
13,936
2)
3,288
2,719
1,498
1,714
1,617
1,865
2,060
- in % of total assets
24.6
21.3
11.5
13.2
12.0
13.5
14.8
6,108
6,063
6,529
6,668
6,884
6,828
6,698
2.7
2.7
2.9
3.0
3.2
3.2
3.2
122
190
212
322
235
224
199
11
66
152
90
-107
137
92
69,517
71,084
72,951
74,031
74,948
75,868
76,656
Shareholders' equity
3)
Net financial debt
- Financial debt to EBITDA ratio 4)
Capital expenditures
5)
Statement of cash flows
Free cash flow 6)
Employees
Headcount (at end of reporting period)
Page 20
1)
Attributable to shareholders of the parent company.
3)
Excluding shareholder loans.
5)
Capital expenditures for the quarter.
2)
Including non-controlling interests.
4)
EBITDA based on the last 12 months.
6)
Free cash flow for the quarter.
Schaeffler
Results 9M 2012
November 20, 2012
Backup
Consolidated statement of income
1st nine months
In € millions
2012
Revenue
Cost of sales
Gross profit
Research and development expenses
Selling expenses
Administrative expenses
Other income
Other expenses
Earnings before financial result and income
taxes (EBIT)
Share of net income of equity-accounted
investees
Interest income
Interest expense
Financial result
Earnings before income taxes
Income taxes
Net income
Attributable to shareholders of the parent
company
Attributable to non-controlling interests
Page 21
Schaeffler
3 rd quarter
2011 Change in %
2012
2011 Change in %
8,422
-5,856
2,566
8,082
-5,586
2,496
4.2
4.8
2.8
2,770
-1,923
847
2,703
-1,866
837
2.5
3.1
1.2
-444
-574
-353
154
-205
-362
-537
-299
265
-214
22.7
6.9
18.1
-41.9
-4.2
-150
-192
-112
55
-84
-118
-183
-95
131
-106
27.1
4.9
17.9
-58.0
-20.8
1,144
1,349
-15.2
364
466
-21.9
410
229
79.0
124
34
> 100
51
-610
-149
995
34
-536
-273
1,076
50.0
13.8
-45.4
-7.5
18
-193
-51
313
12
-299
-253
213
50.0
-35.5
-79.8
46.9
-254
741
-323
753
-21.4
-1.6
-84
229
-108
105
-22.2
> 100
731
743
-1.6
226
102
> 100
10
10
0.0
3
3
0.0
Results 9M 2012
November 20, 2012
Backup
Consolidated balance sheet – Assets
Change in %
In € millions
9/30/2012
12/31/2011
9/30/2011
1)
557
3,532
5,193
14
97
15
392
9,800
553
3,328
4,772
14
95
22
350
9,134
557
3,096
4,674
7
99
12
330
8,775
0.7
6.1
8.8
0.0
2.1
-31.8
12.0
7.3
1,665
1,819
228
126
298
4,136
13,936
1,562
1,607
200
89
397
3,855
12,989
1,612
1,762
263
89
500
4,226
13,001
6.6
13.2
14.0
41.6
-24.9
7.3
7.3
ASSETS
Intangible assets
Property, plant and equipment
Investments in equity-accounted investees
Other investments
Other assets
Income tax receivables
Deferred tax assets
Total non-current assets
Inventories
Trade receivables
Other assets
Income tax receivables
Cash and cash equivalents
Total current assets
Total assets
Page 22
Schaeffler
Results 9M 2012
November 20, 2012
Backup
Consolidated balance sheet – Equity and liabilities
SHAREHOLDERS' EQUITY AND LIABILITIES
Share capital
Reserves
Accumulated other comprehensive income
(loss)
Equity attributable to shareholders of the
parent company
Non-controlling interests
Total shareholders' equity
500
1,770
500
1,324
500
1,183
0.0
33.7
-272
-163
-237
66.9
1,998
1,661
1,446
20.3
62
2,060
53
1,714
52
1,498
17.0
20.2
Provisions for pensions and similar obligations
1,488
1,217
1,178
22.3
Provisions
Financial debt
Income tax payables
Other liabilities
Deferred tax liabilities
Total non-current liabilities
71
7,113
218
295
109
9,294
79
7,168
172
261
124
9,021
123
7,307
136
338
147
9,229
-10.1
-0.8
26.7
13.0
-12.1
3.0
208
125
919
218
1,112
2,582
13,936
208
317
873
184
672
2,254
12,989
387
338
831
205
513
2,274
13,001
0.0
-60.6
5.3
18.5
65.5
14.6
7.3
Provisions
Financial debt
Trade payables
Income tax payables
Other liabilities
Total current liabilities
Total shareholders' equity and liabilities
1)
Page 23
September 30, 2012 compared to December 31, 2011.
Schaeffler
Results 9M 2012
November 20, 2012
Backup
Consolidated statement of cash flow
st
rd
1 nine months
In € millions
Operating activities
EBIT
Interest paid
Interest received
Income taxes paid
Dividends received
Depreciation, amortization and impairments
Gains/losses on disposal of assets
Other non-cash items
Changes in:
Inventories
Trade receivables
Trade payables
Provisions for pensions and similar obligations
Other assets, liabilities and provisions
Cash flows from operating activities
Investing activities
Proceeds from disposals of intangible assets and property, plant and
equipment
Capital expenditures on intangible assets
Capital expenditures on property, plant and equipment
Investments in other investments
Inflows from other investing activities
Cash used in investing activities
3 quarter
2012
2011
Change in %
2012
2011
Change in %
1,144
-461
5
-205
81
455
1
-23
1,349
-467
9
-169
0
421
0
-9
-15.2
-1.3
-44.4
21.3
8.1
> 100
364
-202
1
-73
1
156
1
7
466
-152
3
-77
0
139
1
13
-21.9
32.9
-66.7
-5.2
12.2
0.0
-46.2
-99
-201
56
-46
76
783
-164
-341
104
-63
54
724
-39.6
-41.1
-46.2
-27.0
40.7
8.1
-21
51
-11
-13
27
288
-26
-51
-23
-38
98
353
-19.2
< -100
-52.2
-65.8
-72.4
-18.4
13
14
-7.1
5
5
0.0
-28
-644
-3
1
-661
-11
-503
-2
7
-495
> 100
28.0
50.0
-85.7
33.5
-8
-192
-2
1
-196
-4
-202
-1
1
-201
100
-5.0
100
0.0
-2.5
-1
407
-434
-13
0
-183
-224
-102
-1
18
-31
0
-400
-33
-447
-218
0.0
> 100
> 100
-100
> 100
-49.9
-53.2
0
237
-332
0
0
-17
-112
-20
0
14
-10
0
0
-7
-3
149
> 100
> 100
> 100
> 100
< -100
3
-15
< -100
0
-2
-100
397
298
733
500
-45.8
-40.4
318
298
353
500
-9.9
-40.4
Financing activities
Dividends paid to non-controlling interests
Receipts from loans
Repayments of loans
Acquisitions in stages
Dividends paid to Schaeffler Verwaltungs GmbH
Payments made for other financing activities
Cash used in financing activities
Net increase (decrease) in cash and cash equivalents
Effects of foreign exchange rate changes on cash and cash equivalents
Cash and cash equivalents as of beginning of period
Cash and cash equivalents as of end of period
Page 24
Schaeffler
Results 9M 2012
November 20, 2012
Backup
Consolidated segment information (9M 2012)
Automotive
st
In € millions
Revenue
Cost of sales
Gross profit
EBIT
- in % of revenue
Depreciation, amortization and
impairments
Inventories 2)
Trade receivables 2)
Property, plant and equipment 2)
Capital expenditures
Page 25
Industrial
st
1 nine months
1 nine months
2012
2012
2011
2011
Other
Total
st
st
1 nine months
2012
1 nine months
2011
1)
1)
2012
2011
8,422
-5,856
2,566
1,144
13.6
8,082
-5,586
2,496
1,349
16.7
5,761
-4,157
1,604
764
13.3
5,403
-3,893
1,510
857
15.9
2,613
-1,651
962
380
14.5
2,609
-1,623
986
492
18.9
48
-48
0
0
-
-317
-301
-138
-120
0
0
-455
-421
936
1,272
2,421
481
890
1,214
2,081
395
729
547
1,111
177
722
548
1,015
129
0
0
0
0
0
0
0
0
1,665
1,819
3,532
658
1,612
1,762
3,096
524
Schaeffler
Results 9M 2012
November 20, 2012
70
-70
0
0
-
Backup
Consolidated segment information (Q3 2012)
Automotive
Industrial
rd
3 quarter
In € millions
Revenue
Cost of sales
Gross profit
EBIT
- in % of revenue
Depreciation, amortization and
impairments
Inventories 2)
Trade receivables 2)
Property, plant and equipment 2)
Capital expenditures
2012
2011
2012
2011
Total
rd
3 quarter
rd
3 quarter
2012
3 quarter
2011
1)
2012
2011
2,770
-1,923
847
364
13.1
2,703
-1,866
837
466
17.2
1,814
-1,309
505
294
16.2
840
-540
300
104
12.4
876
-544
332
172
19.6
11
-11
0
0
-
-110
936
-99
890
-46
729
-40
722
0
0
0
0
-156
1,665
-139
1,612
1,272
2,421
143
1,214
2,081
159
547
1,111
56
548
1,015
53
0
0
0
0
0
0
1,819
3,532
199
1,762
3,096
212
1)
The amount consists mainly of materials provided to subcontractors.
2)
Amounts as at September 30.
Schaeffler
Results 9M 2012
November 20, 2012
13
-13
0
0
-
1)
1,919
-1,372
547
260
13.5
Prior year information presented based on 2012 segment structure.
Page 26
Other
rd
Backup
Useful links and references
Schaeffler Investor
Relations website
http://www.schaeffler-group.com/content.schaefflergroup.de/en/investorrelations/IR.jsp
Annual and
interim reports
http://www.schaefflergroup.com/content.schaefflergroup.de/en/investorrelations/newsir/reports/reports.jsp
Investor Relations news
and publications
http://www.schaefflergroup.com/content.schaefflergroup.de/en/investorrelations/newsir/irreleases/News.jsp
Schaeffler press releases
http://www.schaeffler-group.com/content.schaefflergroup.de/en/press/press-releases/press-releases.jsp
Sustainability
at Schaeffler
http://www.schaeffler-group.com/content.schaefflergroup.de/en/mediathek/library/library-detaillanguage.jsp?id=3448715
http://www.schaeffler-group.com/content.schaefflergroup.de/en/investorrelations/faq/faq.jsp
Schaeffler FAQ
Page 27
Schaeffler
Results 9M 2012
November 20, 2012