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Autoneum. Mastering sound and heat. 2024 Annual Results Conference March 12, 2025 Autoneum. Mastering sound and heat.
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Agenda 1. Business year 2024 Eelco Spoelder, CEO 2. Financial results 2024 Bernhard Wiehl, CFO 3. Outlook 2025 Eelco Spoelder, CEO 4. Q&A 22024 Annual Results . March 12, 2025
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32024 Annual Results . March 12, 2025 2024 Highlights Guidance from March 2024 clearly achieved Solid financial performance further improved New guiding principles and strategy Revenue growth in slightly shrinking market Important steps in focus area Asia, mainly China Technology and sustainability leadership • Revenue in local currencies increased by 4.2% • Revenue of CHF 2 338.7 million • Record order intake • EBIT margin of 5.3% • Free cash flow of CHF 109.7 million • Dividend of CHF 2.80 per share proposed (2023: CHF 2.50) • Global roll-out of new mission, vision, purpose and values • Launch of new Level Up corporate strategy • Acquisition of majority shareholding in Jiangsu Huanyu Group • Opening of new plants in Pune, India, and Changchun, China • Expansion of sustainable product portfolio for light vehicles and trucks • Establishment of specialized New Mobility Team • Opening of new R&T Center in Shanghai, China
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4 Order intake (3 years rolling lifetime revenue) New business awards received in 2024 of CHF 3.2 billion (lifetime revenue) 2024 Annual Results . March 12, 2025 Accelerate global growth Significant increase in order book due to record order intake 6.4 7.8* CHF billion 2022-2024 actual/booked 2021-2023 actual/booked * Lifetime revenue based on S&P Global Mobility Light Vehicle Production Market Forecast of January 2025.
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Corporate Responsibility Important steps toward a sustainable future Water withdrawal down by 17.3% on the previous year 2024 Annual Results . March 12, 2025 Implementation of 262 eco-efficiency projects for energy, waste and water 262 Gold medal in the 2024 EcoVadis sustainability rating Fourth employee engagement survey with improved results More than 30000 tons of recycled PET used in Autoneum products Collaboration partner for Renault Emblème 55 Selected a new supply chain sustainability platform 2024 Annual Results . March 12, 2025
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Agenda 1. Business year 2024 Eelco Spoelder, CEO 2. Financial results 2024 Bernhard Wiehl, CFO 3. Outlook 2025 Eelco Spoelder, CEO 4. Q&A 62024 Annual Results . March 12, 2025
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7 Revenue development Positive trend supported by inorganic growth Revenue 2023 BG Europe Corporate and elimination BG Asia Revenue 2024 in local currencies BG North America +15.7 −40.4 − BG SAMEA +6.7 −6.5 2 398.5 Currency translation/ hyperinflation effect Revenue 2024 +3.3 −59.8 2 338.7 Organic revenue change: −2.9% Inorganic revenue change: +7.1%2 302.3 +26.9 −14.9 −34.3 +139.7 2024 Annual Results . March 12, 2025 CHF million
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EBIT increase supported by operational improvements CHF million 82024 Annual Results . March 12, 2025 BG Europe BG North America BG Asia BG SAMEA Corporate and elimination 99.2 EBIT excl. one-time effects 2023 +11.8 +20.2 −9.5 EBIT 2024 +0.4 +2.9 125.0 Margin 4.3% Margin 5.0% Margin 3.6% Margin 8.6% Margin 14.2% Margin 5.3% • Global operational improvements, particularly in North America • Positive impact from footprint adjustments and successful price management in Europe • Successful cost management considering the revenue decline in Asia • Strong operational performance and consistent price management in SAMEA Operating result (EBIT) development
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Considerable increase in profitability CHF million 2023 2024 Change Revenue 2 302.3 2 338.7 36.4 EBITDA 226.3* 246.7 20.4 in % of revenue 9.8% 10.5% EBIT 99.2* 125.0 25.7 in % of revenue 4.3% 5.3% Financial result −37.9 −30.1 7.8 Earnings before taxes 69.0 94.9 25.9 Income taxes −7.9 −24.9 −17.0 Net result 61.1 70.0 8.9 attributable to Autoneum shareholders 48.3 52.1 3.9 attributable to non-controlling interests 12.8 17.8 5.0 Basic earnings per share (EPS) in CHF 9.42 8.98 −0.45 • Above-average conversion of the revenue growth into EBITDA and EBIT • Interest expenses by CHF 7.6 million lower due to lower debt levels and lower interest rates • Net foreign currency impact of minus CHF 15.1 million (2023: CHF 15.6 million) • With 26.3%, the effective income tax rate returned to a normal level • Slight dilution of EPS due to increased average number of shares outstanding compared to prior year 2024 Annual Results . March 12, 2025 9 * 2023 EBITDA and EBIT excl. one-time effects. Income statement
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Solid free cash flow • Operating cash flow on a similarly high level with last year, despite the absence of the prior year’s one-off reductions in NWC as well as payouts for footprint adjustments • Prior year’s investing and free cash flow include CHF 96 million net purchase consideration for Borgers Automotive • Investments in tangible assets by CHF 21.8 million higher • Financing cash flow considers a net repayment of borrowings of CHF 123.4 million (including lease liabilities) CHF million 2023 2024 Change Cash flows from operating activities 190.3 189.8 −0.6 Cash flows used in investing activities −143.1 −80.0 63.1 Free cash flow 47.2 109.7 62.5 Free cash flow excl. M&A effects 143.3 109.7 −33.5 Cash flows used in financing activities −2.1 −153.6 −151.5 Change in cash and cash equivalents 25.7 −41.2 −66.9 Cash and cash equivalents at the end of the period 149.4 108.2 −41.2 2024 Annual Results . March 12, 2025 10 Cash flow statement
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Further strengthening of the balance sheet • Total assets reduced compared to prior- year end despite positive FX translation effects of CHF 33.2 million • Moderate net working capital increase driven by utilization of provisions for footprint adjustments and FX translation • Further reduction of net debt driven by generated free cash flow and despite dividend payments of CHF 28.2 million • Equity growth due to the net profit, supported by positive valuation effects of CHF 24.7 million (mainly FX) CHF million 31.12.2023 31.12.2024 Change Total assets 1 671.2 1 632.3 −38.9 Non-current assets (excl. leased assets) 734.4 760.5 26.2 Leased assets 238.3 238.3 − Net working capital 98.9 111.5 12.6 Cash and cash equivalents 149.4 108.2 −41.2 Borrowings (excl. lease liabilities) 327.1 235.6 −91.5 Lease liabilities 266.9 277.8 11.0 Net debt (incl. lease liabilities) 444.6 399.2 −45.4 Shareholders’ equity 537.0 604.0 67.0 in % of total assets (change in pp) 32.1% 37.0% 4.9 2024 Annual Results . March 12, 2025 11 Balance sheet
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12 Net-debt-to-EBITDA ratio (incl. lease labilities) Leverage already close to medium-term target Key levers • Targeted profitability improvement • Targeted solid free cash flow Improved ability • to cover net debt • to take on the additional debt required to grow the business 3.3x 2.0x 1.6x <1.5x 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 2022* 2023* 2024 Medium-term target x x x x x x x x 2024 Annual Results . March 12, 2025 * Based on EBITDA excl. one-time effects.
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13 Amendment to the Articles of Association Key terms of proposed capital band 2024 Annual Results . March 12, 2025 Size a maximum of up to 2920226 fully paid-up registered shares with a nominal value of CHF 0.05 each in one or several tranches Availability 5 years until April 1, 2030 Purpose for acquisitions of companies or parts of companies, participations, financings and other strategic transactions Subscription rights for all existing shareholders, but the Board of Directors is authorized to exclude or restrict shareholders’ subscription rights in certain cases
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14 Medium-term targets Financial and ESG targets well on track EBIT margin 6% to 8% over the cycle Free cash flow >5% of revenue Net debt to EBITDA (incl. IFRS 16) <1.5x CO2 emissions Scope 1 and 2 Reduce by 20%** Non-hazardous waste Reduce by 40%** Financial targets ESG targets Pro memoria: Unchanged policy of dividend payout of at least 30% of net profit attributable to shareholders of Autoneum Holding Ltd Revenue CHF 3 billion* * At 2024 foreign currency exchange rates. ** Baseline 2019, to be reached by 2027. 2024 Annual Results . March 12, 2025 2024 CHF 2.3 billion 2024 5.3% 2024 4.7% Dec. 31, 2024 1.6x 2024 22.8% 2024 38.5%
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Agenda 1. Business year 2024 Eelco Spoelder, CEO 2. Financial results 2024 Bernhard Wiehl, CFO 3. Outlook 2025 Eelco Spoelder, CEO 4. Q&A 152024 Annual Results . March 12, 2025
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Corporate strategy Level Up Our strategic pillars at a glance 16 Shape a future-fit product portfolio Accelerate global growth Foster a people centric culture Be the sustainability benchmark Boost cost- competitiveness Innovate to create customer value 2024 Annual Results . March 12, 2025
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17 Specific action plans for three pillars Corporate strategy Level Up • Keep adapting our product and technology portfolio to a sustainable, affordable and electrified mobility • New products for BEV • Be the sustainability benchmark • Innovation for truck • Technical and cost leadership • Comfort system supplier 2024 Annual Results . March 12, 2025 • Expand in growing markets and accelerate the roll-out of all products to our broad customer base • Grow in Asia • Push commercial vehicle business • Cross selling • Acquisition process and value enhancement • Strive for constant cost optimization through standardization, efficiency gain and global purchasing • Best-in-class processes • Optimized global footprint • Margin driven management system • Excel in program management Shape a future-fit product portfolio Accelerate global growth Boost cost- competitiveness
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SAMEA • Gain market share with carpets, trunks and trucks • Manage challenges in high- inflation countries • Pursue vertical integration Europe • Continued focus on profitable growth • Balance production footprint • Improve ESG KPIs North America • Next step towards normalized EBIT margin of 5% plus • Improve footprint of key products • Drive revenue growth with full product portfolio Asia • Customized integration of Jiangsu Huanyu Group in China • Develop new materials and products in R&T Center in Shanghai • Further strengthen market position Action plan 2025 per Business Group Focus on profitable and sustainable growth Profitable growth Advance innovation Foster people-centric culture Corporate 182024 Annual Results . March 12, 2025
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19 Light vehicle production forecast Flat market trend expected in 2025 *Source: S&P Global Mobility Light Vehicle Production Market Forecast of February 18, 2025. Yearly global automobile production million units HY1 2025 HY2 2025 43.7 45.8 +5.0% 2019 2025 89.0 89.5 89.5 2026 91.1 Rest of world +0.4 China +0.6 North America –0.3 Europe –0.6 2024 0.0% 2024 Annual Results . March 12, 2025 • Decrease in production expected in the first half-year 2025 with recovery in the second half-year to a globally flat full-year development • Western production areas facing challenges from volumes with possible growth in Asia and rest of the world • Slightly more positive global outlook for 2026 2026
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20 Guidance 2025 2024 Annual Results . March 12, 2025 Revenue According to the latest market forecast*, automobile production will show no growth in 2025. Consequently, Autoneum expects revenue of CHF 2.3 to 2.5 billion for the 2025 financial year, which includes the acquisition of Jiangsu Huanyu Group, effective February 28, 2025. Profitability and free cash flow Based on the expected revenue, for the 2025 financial year Autoneum anticipates an EBIT margin of 5% to 6% and a free cash flow of around CHF 100 million (excluding the one-off net cash outflow for M&A transactions). *Source: S&P Global Mobility Light Vehicle Production Market Forecast of February 18, 2025.
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Contacts and Event Calendar Investors and Financial Analysts and Media Contact Address Bernhard Weber Head Financial Services & IR / Head Corporate Communications a.i. T +41 52 244 82 07 investor@autoneum.com media.inquiry@autoneum.com Autoneum Holding Ltd Schlosstalstrasse 43 / P.O. Box CH - 8406 Winterthur www.autoneum.com Important Dates 2025 Annual General Meeting 2025 April 2, 2025 Semi-Annual Report 2025 July 30, 2025 Autoneum listed on SIX Swiss Exchange Ticker Symbol AUTN Valor Number 12748036 ISIN CH0127480363 2024 Annual Results . March 12, 2025 21
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Autoneum is making great efforts to include accurate and up-to-date information in this document, however, we make no representations or warranties, expressed or implied, as to the accuracy or completeness of the information provided in this document and we disclaim any liability whatsoever for the use of it. Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided. All ratios and variances are calculated using the underlying amount rather than the presented rounded amount. The information provided in this document is neither intended nor may be construed as an offer or solicitation for the purchase or disposal, trading or any transaction in any Autoneum securities. Investors must not rely on this information for investment decisions. All statements in this report which do not reflect historical facts are statements related to the future which offer no guarantee with regard to future performance; they are subject to risks and uncertainties including, but not limited to future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors outside Autoneum's control. Autoneum assumes no obligation to update any forward-looking statements or to conform them to future events or developments. The vehicle production figures for 2025 and forward looking are based on the latest estimates of S&P Global Mobility Light Vehicle Production Market Forecast. Disclaimer © 2025 Autoneum Holding Ltd, all rights reserved. 2024 Annual Results . March 12, 2025 22
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Autoneum. Mastering sound and heat.