Slides
Page 1
January 1, 2025 – September 30, 2025 HELLA 9M 2025 RESULTS November 07, 2025
Page 2
| 01 Achievements HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.2 AGENDA Financial Results Key Takeaway 02 03 04 Outlook
Page 3
| 01 ACHIEVEMENTS HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.3 HELLA 9M FY 2025 Results
Page 4
| › Organic sales of €5,961m largely at PY level (+0.4% YoY) • Electronics with continued strong growth momentum in all regions driven by radar; sales1 up by 8.3% to €2,403m • Lighting sales harmed by the end of series projects; sales1 down by 8.4% to €2,699m • Lifecycle Solutions impacted by weak commercial vehicle business; sales1 down by 4.1% to €732m › Group sales -1.1% to €5,868m with strong FX headwind starting in Q2 HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.4 9M FY 2025 RESULTS FULLY IN LINE WITH EXPECTATIONS – ELECTRONICS WITH ACCELERATED MOMENTUM 1) External Sales SALES OPERATING INCOME MARGIN NET CASH FLOW › Operating income margin largely stable at 5.8% of sales › Lower Gross Profit with missing volumes in Lighting and LS as well as negative mix effects › Overall strong cost discipline › Sustained progress of measures with a reduction of fixed cost base and greater R&D efficiency • Competitiveness program in Europe gradually taking effect • Global rollout of SIMPLIFY program › Net Cash Flow increased by €77m to €68m › NCF to sales at 1.2% (PY -0.1% of sales) › Higher funds from operations › CAPEX reduction vs. prior year due to efficient capital allocation and strong discipline › Factoring increase of €23m 9M FY 2025 vs. €53m 9M FY 2024
Page 5
| ELECTRONICS WITH FURTHER AWARDS FOR KEY TECHNOLOGIES AND REGIONS THIRD QUARTER ORDER INTAKE UNDERLINES ADVANCED TECHNOLOGY SUCCESS AND GLOBAL CUSTOMER ACCESS HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.5 ▪ Three-digit million order extension for LV Energy management for European OEM, SOP 2025 ▪ 77Ghz radar-roll-out business (three-digit million) for European OEM, SOP 2030 ▪ Sensor business for US and Chinese OEMs, SOP 2026 and 2027 ▪ Fully customized LED headlamp for Dutch bus manufacturer, SOP 2025 ▪ Rear Combination lamps for US manufacturer of agricultural machinery, SOP 2026 ▪ Different LED Front Lighting systems for European OEM for Indian market, SOP 2026 ▪ LED worklamp for European heavy equipment manufacturer, SOP 2025 ▪ Headlamp packages including adaptive lighting technology for three different seriesfrom US OEM, SOP 2028 ▪ Headlamps for different models for a European premium OEM for the US market, SOP 2029 ▪ RCL for a Chinese premium OEM, SOP 2026 ▪ CBL and HL business for different mass market models for European OEM, SOP 2028 LIGHTING REACHED IMPORTANT MILESTONE WITH ADB TECHNOLOGY– FURTHER MASS MARKET PENETRATION LIFECYCLE SOLUTIONS WITH IMPORTANT ORDERS FOR CUSTOMIZED TECHNOLOGIES ADB = Adaptive Driving Beam
Page 6
| FURTHER HIGHLIGHTS IN Q3 FY 2025 Continued costs reduction and increase of competitiveness › Swift execution of European competitiveness program – production relocation from Recklinghausen to Eastern Europe announced › Global rollout of SIMPLIFY program started › Integrated transformation program for Lighting initiated – optimize customer proximity, operations & R&D HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.6 World’s first automotive eFuse into series production › HELLA launched its intelligent Power Distribution Module (iPDM) into series production for a premium manufacturer › The iPDM is the first in the automotive sector to use electronic fuses (‘eFuses’) › Essential component of modern E/E architectures Cutting-Edge Lighting Expertise presented at the ALTC 2025 › HELLA presented a range of innovative lighting technologies tailored to the Chinese market at the Automotive Lighting Technology Conference › Engaging with over 100 OEMs, suppliers, and industry experts
Page 7
| NEXPERIA – INTENSIFIED STRAINS ACROSS AUTOMOTIVE GLOBAL SUPPLY HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.7 POTENTIAL IMPACT ON THE SUPPLY CHAINS ❯ Currently impossible to predict whether and to what extent global vehicle production will be impacted ❯ Potential disruptions likely have broad implications across the whole automotive sector ❯ Shortages directly affect HELLA Lighting and Electronics, the commercial vehicle business within Lifecycle Solutions affected to a lesser extent ❯ Shortages among other suppliers, indirectly would affect HELLA in case fewer vehicles will be produced, leading to order changes by the OEMs ❯ Albeit Nexperia chips are quite standard, meaning they could be more easily substituted, OEMs have complex sourcing testing requirements ❯ Established cross-functional task forces, involving all business groups and various functions ❯ Implemented short-term risk mitigation measures, including: • Application of export licenses • Production and export of semi-finished or finished products in China • Ordering at Nexperia China to support local-for-local supply chain • Use of alternative components where possible ❯ Prepared plants to cushion potential significant fluctuations in call-offs ❯ Extending single source part numbers with comparable sources HELLA MEASURES HELLA INITIATED SEVERAL MEASURES TO MAINTAIN SUPPLY CHAIN STABILITY AND TO CUSHION ADDITIONAL COSTS
Page 8
| 02 FINANCIAL RESULTS HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.8 HELLA 9M FY 2025 Results
Page 9
| › Electronics with continued strong growth momentum across all major regions, sales notably driven by radar, BMS and car access business › Lighting affected by the phase-out of high-volume programs, ramp-up of programs esp. in North America and Asia › Lifecycle Solutions with stable development of the spare parts business, returned to growth in Q3 driven by commercial vehicle business › Strong FX headwind starting in Q2, overall FX impact at -€86m 9M FY 2024 vs 9M Group Sales in €m ORGANIC SALES GROWTH OF 0.4% DRIVEN BY ELECTRONICS HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.9 26 9M FY 2024 Organic -86 Currency 9M FY 2025Adjustment -75,935 5,868 -1.1% +0.4% -1.5%LVP +3.8% BMS = Battery Management System Electronics with global growth momentum in all regions -0.1%
Page 10
| HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.10 9M FY 2024 -15 Growth 1,340 9M FY 2025 1,355 1,340 -1.1% LVP growth of -0.5% 23 % of group sales 21 % of group sales ASIA/ PACIFIC INCL. ROW 3,252 3,285 9M FY 2024 33 Growth 9M FY 2025 +1.0% LVP growth of -1.7% 9M FY 2024 -86 Growth 9M FY 2025 1,328 1,242 -6.4% LVP growth of +7.2% Sales in €m 56 % of group sales EUROPE Sales in €m Sales in €m AMERICAS OUTPERFORMANCE IN EUROPE – NEGATIVE MIX EFFECTS ESPECIALLY IN CHINA › Global LVP up 3.8%, growth driven by China (+11.9%) › Group organic sales growth at +0.4%, underperforming by ~340bps › Performance in Americas & Asia negatively impacted by FX headwinds › Europe outperformance of ~280bps • New series launches and ramp-ups of existing series production in Electronics mainly radar and EPS • Lighting affected by the discontinuation of series projects and weak European OEMs, partially counterbalanced by ramp-ups and higher volumes for single HL and RCL projects › Americas minor underperformance of ~60bps • Electronics growing with ramp-ups of radar and EPS businesses • Lighting ramp-ups of HL and RCL projects for local OEMs could only partially compensate end of series projects › Asia/Pacific underperformance of ~1370bps • Lighting suffers from the end of series productions, partially compensated by new launches with local OEMs • Electronics growing with ramps-ups of LV BMS business, radar, and car access systems EPS = Electronic Power Steering, HL= HeadLamp; RCL: Rear Combination Lamp Solid sales development, market growth out of AsiaGroup sales per region
Page 11
| LIGHTING WITH DECLINING SALES – COST REDUCTIONS ONLY PARTIALLY COMPENSATE NEGATIVE TOPLINE EFFECTS HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.11 › Ramp-up of existing series production for headlamps and rear combination lamps in Europe could only partly compensate overall market weakness › Continuous negative impact from the discontinuation of various large-volume series projects; particularly in the Chinese and American markets › Ramp-up of series production for HL and RCL and higher content per vehicle only partially compensate EOPs in Americas In €m 9M FY 2024 9M FY 2025 External Sales 2,946 2,699 YoY organic -7.3% YoY FX* -1.1% Intersegment Sales 41 35 Total Sales 2,987 2,734 Operating Income 105 73 % of Total Sales 3.5% 2.7% vs. LVP growth of +3.8% LIGHTING *approximation based on internal analyses › GP margin decline with negative volume and mix effects, partially compensated by a reduction of material costs › Lower R&D expenses due to less external spendings and structural adjustments in the R&D network › SG&A with savings in administration and distribution expenses Sales harmed by the end of series projects Operating Income at €73m; OI Margin -80bps to 2.7%
Page 12
| HELLA 9M FY 2025 Results | Conference Call, November 07, 2025 ELECTRONICS WITH CONTINUED SALES MOMENTUM – PROFITABILITY INCREASE WITH STRONG GROSS PROFIT IN Q3 P.12 › Successful business with radar and EPS drives growth in Americas, positive momentum with US OEMs › Growth in Europe with radar and EPS as key drivers, car access systems also with positive momentum. Ramp-ups over- compensated negative impact of slower electrification › Growth in APAC with ramp-up of radar, LV-BMS business as well as car access systems In €m 9M FY 2024 9M FY 2025 External Sales 2,220 2,403 YoY organic +9.5% YoY FX* -1.3% Intersegment Sales 221 174 Total Sales 2,441 2,577 Operating Income 165 196 % of Total Sales 6.8% 7.6% EPS= Electronic Power Steering; LV BMS = Low Voltage Battery Management Systems › Gross Profit catch-up with sales increase and positive mix effects › Broadly stable R&D ratio with continued reduction of external services despite higher spending needs › Under proportional increase in SG&A expenses with continued cost measures Strong organic sales growth, radar business with global momentum Operating Income at €196m; OI margin +80bps to 7.6% ELECTRONICS vs. LVP growth of +3.8% *approximation based on internal analyses
Page 13
| LIFECYCLE SOLUTIONS WITH DECLINING SALES – BACK TO GROWTH IN Q3 HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.13 › Stable development of the spare parts business with an expanded product range in Asian. FX impact again led to negative sales development in the actual quarter › Low demand of customers in the commercial vehicle business esp. Agriculture, Trailer & Construction due to a low investment activity › Lower willingness to invest in workshop products › Continued improvements in workshop and commercial vehicle business leading to slight sales growth in Q3 In €m 9M FY 2024 9M FY 2025 External Sales 763 732 YoY organic -1.5% YoY FX* -2.6% Intersegment Sales 8 7 Total Sales 771 739 Operating Income 78 74 % of Total Sales 10.2% 10.0% › Lower Gross Profit Margin with negative volume and product mix effects despite cost savings › Decrease of R&D expenses with optimization of business processes › Savings in SG&A expenses with cost measures, increased ratio due to missing volume LIFECYCLE SOLUTIONS YtD sales development continuously negative – growth trend reversal in Q3 Operating Income at €74m; OI almost stable at 10.0% *approximation based on internal analyses
Page 14
| HELLA 9M FY 2025 Results | Conference Call, November 07, 2025 SALES AND PROFITABILITY LARGELY AT PRIOR YEAR LEVELS – COST SAVING MEASURES TAKING EFFECT P.14 In €m1 9M FY 2024 9M FY 2025 YoY Change Sales 5,935 5,868 - 1.1% COGS (4,560) (4,527) +0.7% % of sales -76.8% -77.2% +33bps Gross Profit 1,375 1,340 - 2.5% % of Sales 23.2% 22.8% - 33bps R&D (581) (553) - 4.8% % of sales -9.8% -9.4% +36bps SG&A (450) (449) - 0.2% % of sales -7.6% -7.7% - 7bps (thereof distribution) (240) (240) - 0.0% % of sales -4.0% -4.1% - 5bps (thereof admin) (223) (219) - 1.9% % of sales -3.8% -3.7% - 3bps Operating Income 343.6 337.6 -1.7% % of sales 5.8% 5.8% - 4bps JV & other investment income (1.0) (-0.1) -90.3% % of sales 0.0% 0.0% +2bps Non-recurring OI& OE 66.5 (-129.4) nm EBIT 409.1 208.1 -49.1% % of sales 6.9% 3.5% -335bps Gross Profit Margin down by ~30bps › Electronics margin improvement in Q3, lower volumes and mix effects weight down Gross Profit margins in Lighting and Lifecycle Solutions R&D ratio down by ~40bps › Savings with structural adjustments in the European development network and less use of external services SG&A expenses nearly stable, ratio to sales at 7.7% › Acceleration of cost reduction measures taking effect in admin costs Non-recurring operating income and expenses at -€129.42 › Mainly restructuring costs for the competitiveness program in Europe › PY included gains from the sale of BHTC share 2) Please refer to Note 5 in the financial statement for further details Cons. Net Income 310.6 108.1 -65.2% % of sales 5.2% 1.8% -339bps 1) All items up to and including operating income are presented in an adjusted form. For the reported P&L and the reconciliation statement please refer to the financial statement.
Page 15
| NET CASH FLOW INCREASED DUE TO OPERATIONAL IMPROVEMENTS AND INVESTMENT DISCIPLINE HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.15 349 269 9M FY 2024 9M FY 2025 -22.9% -8 68 9M FY 2024 9M FY 2025 +77 5.9% 4.6% -0.1% 1.2% › Stringent CAPEX governance › Strict budgeting and approval processes › Increased CAPEX efficiency › Higher Operating Cash Flow • Higher funds from operations • Positive Working Capital contribution; increase in payables with more favorable payment terms • Lower factoring contribution (€23m vs. €53m in 9M FY 2024) TANGIBLE CAPEX in €m and % of sales NET CASH FLOW in €m and % of sales Net Cash Flow up, increase of €77m to €68m Tangible CAPEX down by 23% to €269m
Page 16
| 03 OUTLOOK HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.16 HELLA 9M FY 2025 Results
Page 17
| GLOBAL MARKET GROWTH 2025 DRIVEN SOLELY BY CHINA - AMERICAS AND EUROPE EXPECTED TO DECLINE FURTHER HELLA 9M FY 2025 Results | Conference Call, November 07, 2025 89.6 2024 91.4 2025 +2.0% Source: S&P Global Mobility (formerly IHS Markit | Automotive) P.17 Expected 2025 global light vehicle production in million units, S&P Global Mobility per October 2025 Expected light vehicle production 2025 per region, S&P Global Mobility per October 2025 The development of the LVP is associated with sizable uncertainties within the global supply and logistics chains, which are not yet fully considered in the current industry outlook o/w Q4 -2.8%
Page 18
| HELLA FY 2025 OUTLOOK CONFIRMED HELLA 9M FY 2025 Results | Conference Call, November 07, 2025 Sales Currency and portfolio adjusted Between around €7.6 to 8.0 billion Operating Income Margin Between around 5.3% to 6.0% of sales Net Cash Flow At least €200m Company Outlook Jan 1, 2025, to Dec 31, 2025 Taking into consideration the latest S&P forecast of around 91.4 million light vehicles to be produced in 2025 P.18 2025 Outlook confirmed assuming a sufficiently secure supply situation for semiconductors and considering measures to maintain supply chain stability
Page 19
| 04 KEY TAKEAWAYS HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.19 HELLA 9M FY 2025 Results
Page 20
| Solid performance during 9M FY 2025 HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.20 KEY TAKEAWAYS › 9M FY 2025 fully in line with expectations • Robust sales development – Electronics with accelerated momentum • Stable Operating Income and visible improvement of NCF › Development in line with outlook › Structural and performance related measures gradually taking effect › Order intake based on technology expertise, demonstrating improved global customer access Sales, OI margin and NCF targets 2025 reiterated Operational excellence remains as a key priority › HELLA outlook FY 2025 confirmed • Sales between around €7.6bn and €8.0bn • Operating Income margin of between around 5.3% and 6.0% • NCF at least €200m › Outlook assumes a sufficiently secure supply situation for semis and considers measures to maintain supply chain stability › Based on S&P’s estimate of 91.4m LVs for 2025 › Various strategic and structural initiatives paying of • Continued optimization of cost base • Stringent execution of European competitiveness program to adapt capacities and increase efficiency • Global rollout of SIMPLIFY program to improve processes and organizational structures • Integrated transformation program for Lighting initiated › Focus on further strengthening HELLA’s positioning in the long term
Page 21
| APPENDIXCES HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.21
Page 22
| LVP PRODUCTION AND GROUP SALES PER REGION HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.22 Note: Light Vehicle Production (LVP) based on S&P Global Mobility per October 15, 2025 9M FY 2024 9M FY 2025 HELLA Group sales in €m Worldwide 5,935 5,868 Europe 3,252 3,286 +1.0% Americas 1,355 1,340 -1.1% Asia/Pacific & Rest of World 1,328 1,242 -6.4% Light vehicle production in 1.000 units Worldwide 65,159 67,640 Europe 12,830 12,606 -1.7% Americas 14,006 13,936 -0.5% Asia/Pacific & Rest of World 38,323 41,097 +7.2%
Page 23
| DISCLAIMER ◦ This document was prepared with reasonable care. Certain numerical data, financial information and market data in this presentation have been rounded in accordance with commercial rounding. However, no responsibility can be assumed for the correctness of the provided information. In addition, this document contains summary information only and does not purport to be comprehensive and is not intended to be (and should not be construed as) a basis of any analysis or other evaluation. Any information relating to past performance contained herein is not a guarantee of future performance. Nothing herein should be construed as an investment recommendation or as legal, tax, investment, or accounting advice. No representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, targets, estimates and opinions contained herein. ◦ This document may contain forward-looking statements and information on the markets in which the HELLA Group is active as well as on the business development of the HELLA Group. In some cases, you can identify these forward-looking statements by forward-looking words, such as "estimate," "expect," "anticipate," "project," "plan," "intend," "objective", "believe," "forecast," "foresee," "likely," "may," "should," "goal," "target," "might," "would,", “will”, "could,", "predict," "continue," "convinced," and "confident," the negative or plural of these words and other comparable terminology. These statements are based on various assumptions relating, for example, to the development of the economies of individual countries, including but not limited to the ongoing global impact of the global Russia/Ukraine conflict, and in particular of the automotive industry. Various known and unknown risks, uncertainties and other factors (including those discussed in HELLA’s public reports) could lead to material differences between the actual future results, financial situation, development or performance of the HELLA Group and/or relevant markets and the statements and estimates given here. We do not update forward-looking statements and estimates retrospectively. Such statements and estimates are valid on the date of publication and can be superseded. ◦ This document contains an English translation of the accounts of the Company and its subsidiaries. In the event of a discrepancy between the English translation herein and the official German version of such accounts, the official German version is the legal valid and binding version of the accounts and shall prevail. HELLA 9M FY 2025 Results | Conference Call, November 07, 2025P.23