Slides
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January 1, 2026 – June 30, 2026 HELLA H1 2026 RESULTS July 30, 2026
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| 01 Achievements HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.2 AGENDA Financial Results02 03 Lighting Transformation Accelerated Key Takeaways05 Outlook FY 202604
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| 01 ACHIEVEMENTS HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.3 HELLA H1 FY 2026 Results
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| › At constant FX, sales YoY +1.6% to €4,040m • Electronics sales1 YoY up 6.6% to €1,685m driven by radar and energy management • Lighting sales1 YoY down 3.6% to €1,746m affected by phase- out of programs & lower call-offs • Lifecycle Solutions sales1 up YoY 5.3% to €516m driven by strong Special OE business › Reported sales YoY broadly flat at €3,972m HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.4 HELLA ORGANIC SALES GROWTH ABOVE MARKET – COST MEASURES ONGOING 1) External sales, growth rate at constant FX ORGANIC SALES GROWTH › OI Margin at 5.4% › Savings in R&D expenses – ratio down by around 68bps to 8.9% › Increasing cost pressure along the value chain – focus on cost measures to counter impact › Negative volume & mix effects weight down on margin OI MARGIN AT 5.4% › Net Cash Flow at €66m vs. €114m H1 FY 2025 › NCF/sales ratio at 1.7% (PY 2.9%) › Continued CAPEX governance › Net Cash Flow impacted by increased restructuring cash-out › Positive development last months, Q2 Net Cash Flow at €115m vs. -€49m in Q1 NET CASH FLOW AT €66M
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| AMBITIOUS ORDER INTAKE TARGETS 2026 MET – REGIONAL AND CUSTOMER DIVERSIFICATION CONTINUED HELLA H1 FY 2026 Results | Conference Call, July 30, 2026 H1 FY 2026 order highlights P.5 STRONG ORDER INTAKE IN CORE GROWTH PRODUCTS › Large scale HV-BMS, smart car access and radar sensors for US OEMs, SOP 2027 and 2028 › LV DC/DC converter order and roll-out business for an European OEM for different models, SOP 2028 and 2029 › LV DC/DC converter and LV-BMS for a Chinese Tier-1 supplier, SOP 2028 ELECTRONICS LIGHTING LIFECYCLE SOLUTIONS CUSTOMER AND REGIONAL DIVERSIFICATION CONTINUED › Intelligent battery sensors for different platforms for US and European customers, SOP 2026, 2027 › Customized LED HL and rear lamps for an international manufacturers of agricultural machinery and buses for the Indian and European market, SOP 2027, 2028 › APS for international truck joint venture for the Asian market, SOP 2029 FOCUS ON INTERNATIONAL ORDER INTAKE ADDRESSING PREMIUM & VOLUME MODELS › Headlamp packages and rear combinations lamps for premium and mid-size models of an US OEM, SOP 2028 and 2029 › Headlamp, CBL packages for European customers for the US and Asian market, SOP 2026 and 2028 › Headlamp projects and car body lights for Chinese OEMs for different car models, SOP 2026 and 2027
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| 02 FINANCIAL RESULTS HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.6 HELLA H1 FY 2026 Results
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| › Electronics with strong growth momentum, sales notably driven by radar, energy management like LV-DC/DC and IBS &smart car access › Lighting affected by the phase-out of programs and lower call-offs; partially compensated by global ramp-up of programs › Lifecycle Solutions with positive sales development due to a strong Special OE business and growing Aftermarket GROUP SALES IN €M GROUP ORGANIC GROWTH – ELECTRONICS AND LIFECYCLE BUSINESS DRIVING GROUP PERFOMANCE HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.7 +1.6% LVP -1.0% Global outperformance and further success in Electronics -1.7% LVP data from S&P global July 2026 62 H1 FY 2025 Organic -68 Currency H1 FY 2026 3,979 3,972 -0.2% FX headwind, overall negative impact at -€68m, Q2 effect lower at -€6m IBS = Intelligent Battery Sensor , LV DC/DC Low Voltage Dual Current
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| HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.8 22 % of group sales 21 % of group sales ASIA/ PACIFIC, ROW 57 % of group sales EUROPE AMERICAS GLOBAL MARKET OUTPERFORMANCE DRIVEN BY APAC AND EUROPE › Successful business development with radar, smart car access segment, SOPs in Lighting, growing SOE and Aftermarket business in Europe › EOPs in Lighting and weak business with US manufacturers in Americas › Performance in Asia Pacific driven by new launches in Lighting in China and Electronics growing with strong energy management business in Asia Electronics strong in Europe, Lighting growth in China HELLA GROUP PERFORMANCE AT CONSTANT FX +4.6% +4.3% HELLA -0.3% market -5.2% -4.9% HELLA +3.6% +2.0% HELLA +0.3% market -1.6% market +1.6% HELLA -1.0% marketGlobal outperformance +2.5% FX effects calculated approximately based on internal analyses EOP = End Of Production; SOP = Start of Production
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| HELLA H1 FY 2026 Results | Conference Call, July 30, 2026 ELECTRONICS WITH CONTINUED SALES MOMENTUM – PROFITABILITY INCREASE SUPPORTED BY COST REDUCTIONS P.9 › Europe: new launches and ramp-ups of 77Ghz radar, growing energy management and smart car access business › NSA: growth with international OEMs and increase in reimbursements compensate weak demand from US customers with phase-out of products, FX less negative › APAC/RoW: strong energy mgmt. (LV BMS and DC/DC) nearly compensate weak market environment in China In €m H1 FY 2025 H1 FY 2026 External Sales 1,610 1,685 YoY organic +6.6% YoY FX* -2.0% Intersegment Sales 120 114 Total Sales 1,731 1,799 YoY +4.0% OI 121 144 % of Total Sales 7.0% 8.0% › OI +18.2% to €144m; OI Margin +96bps to 8.0% › Lower R&D expenses with continued reduction of external services and structural adjustments › Savings in administration & distribution expenses › Gross Profit impacted by material costs increase and mix effects – decline overcompensated by R&D and SG&A savings Strong organic sales growth, radar business with global momentum OI Margin increase with ongoing savings vs. LVP growth of -1.0% *approximation based on internal analyses
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| LIGHTING H1 2026 PERFORMANCE LOWER THAN PRIOR YEAR – FOCUS ON BOTTOM-LINE IMPROVEMENT IN H2 FY 2026 HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.10 › Europe: phase-out of series projects and low volumes of e- mobility projects, partly compensated by individual ramp-ups › NSA: EOPs of high-volume programs and lower call offs with unfavorable customer mix › APAC/RoW: sales growth in China – new launches overcompensated effects from EOPs In €m H1 FY 2025 H1 FY 2026 External Sales 1,838 1,746 YoY organic -3.6% YoY FX1 -1.4% Intersegment Sales 26 19 Total Sales 1,864 1,765 YoY -5.3% OI 63 7 % of Total Sales 3.4% 0.4% › OI at €7m; OI Margin -300bps YoY to 0.4% › Topline decline and one-time effects vs. PY › Declining Gross Profit with unfavorable volume and mix effects › Savings in R&D with less external spendings and lower headcount Sales influenced by the end of series projects – growth in China OI Margin decline with missing volumes and one-time effects PY vs. LVP growth of -1.0% 1) Approximation based on internal analyses; 2) EOP = End Of Production Lighting Transformation Program accelerated with impact starting H2 FY 2026
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| LIFECYCLE SOLUTIONS CONTINUES ITS GROWTH PATH – MARGIN IMPROVEMENT WITH TOP LINE INCREASE & SAVINGS HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.11 › Special OE: sales increase with market recovery especially in customer segments agriculture, construction machinery, and truck & bus › Aftermarket: sales growth with strong Q2 due to increased demand and an extended product range (e.g. re-entry into thermal business) › Ongoing stabilization of workshop business through demand for entry-level diagnostic solutions and new calibration tools, sales flat YoY In €m H1 FY 2025 H1 FY 2026 External Sales 496 516 YoY organic 5.3% YoY FX* -1.2% Intersegment Sales 5 5 Total Sales 501 521 YoY 4.0% OI 53 65 % of Total Sales 10.6% 12.4% › OI +22.1% to €65m; OI Margin +184bps to 12.4% › Higher Gross Profit with positive volume and product mix effects supported by cost savings › Savings in R&D and SG&A expenses with cost measures Top line growing mainly due to Special OE business, Aftermarket back to growth OI increase with positive leverage and savings *approximation based on internal analyses
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| HELLA H1 FY 2026 Results | Conference Call, July 30, 2026 INCREASE OF EBIT AND NET INCOME P.12 In €m1 H1 FY 2025 H1 FY 2026 YoY Change Sales 3,978 3,972 -0.2% COGS (3,053) (3,111) +1.9% % of sales -76.9% -78.3% +145bps Gross Profit 919 861 - 6.3% % of Sales 23.3% 21.6% - 145bps R&D (381) (354) -7.1% % of sales -9.6% -8.9% -68bps SG&A (300) (292) - 2.6% % of sales -7.6% -7.4% - 20bps (thereof distribution) (165) (161) - 2.7% % of sales -4.2% -4.0% - 11bps (thereof admin) (146) (142) - 2.7% % of sales -3.7% -3.6% - 10bps OI 237.0 214.3 - 9.6% % of sales 6.0% 5.4% - 57bps JV & other investment income -3.4 -11.7 -243.8% % of sales -0.1% -0.3% -21bps Non-recurring OI& OE (95.7) (33.9) -64.6% EBIT 137.9 168.7 +22.3% % of sales 3.5% 4.2% +78bps Double-digit percentage increase of EBIT and Net Income › EBIT up by 22.3% to €169m › Restructuring costs at around €34m (PY around €96m) › Net Income up by 41.4% to €99m Efficiency gains and cost savings continued › R&D ratio down by around 68bps with structural adjustments in the European development network and efficiency increases › SG&A expenses down by 2.6%, ratio to sales down by 20bps to 7.4% with ongoing cost reduction measures and efficiency increases Cons. Net Income 69.9 98.9 +41.4% % of sales 1.8% 2.5% +73bps 1) All items up to and including OI are presented in an adjusted form.
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| NET CASH FLOW DOWN WITH PLANNED RESTRUCTURING EXPENSES HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.13 203 164 H1 FY 2025 H1 FY 2026 -19.2% 114 66 H1 FY 2025 H1 FY 2026 -49 5.1% 4.1%2.9% 1.7% › Stringent CAPEX governance › Increased CAPEX efficiency › Increase in planned restructuring expenses › Higher EBIT › Lower CAPEX TANGIBLE CAPEX in €m and % of sales NET CASH FLOW in €m and % of sales DOWN BY €49M TO €66M DOWN BY 19% TO €164M
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| 03 LIGHTING TRANSFORMATION ACCELERATED HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.14 HELLA H1 FY 2026 Results
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| P.15 TO REACT TO ADDITIONAL MARKET HEADWINDS LIGHTING TRANSFORMATION ACCELERATED WITH FOCUS ON BOTTOM LINE BOTTOM LINE › European demand remains weak › Adverse customer and product mix › EV momentum weaker than expected › Technology differentiation narrowing › Focus on affordable innovation › Cost pressures further intensified in H1 › Structural cost burden elevated › Capacity utilization below target › Supplier price pressure increased › Inflation compensation elevated Tightened market headwinds in H1 Reshape Lighting Transformation Program (LTP) LTP 2.0 SAFEGARD 2026 & 2027 AND RETURN TO 2025 c.3% OPERATING MARGIN IN 2028 LTP 1.0 HELLA H1 FY 2026 Results | Conference Call, July 30, 2026TOP LINE Core focus: IMPROVE TOP LINE AND OPERATIONS PERFORMANCE Core focus: IMPROVE BOTTOM LINE AND STRENGHTEN TOP LINE Bottom line improvement results not sufficient + structural improvements
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|P.16 LTP 2.0 EXPANDS THE TRANSFORMATION TO ACCELERATE PROFITABILITY IMPROVEMENT AND COMPETITIVENESS Core elements of LTP 1.0 and LTP 2.0 LTP 2.0LTP 1.0 + 1) FORVIA Excellence System; 2) Tooling & Equipment Cash control Focus on growth and customer Optimization of operations › Net Order Intake in H1 FY 2026 >two times vs. H1 PY › Net Order Intake >75% outside Europe in H1 FY 2026 › FES1 deployment increased by 9 pp from FY 2025 to H1 2026 › Direct / indirect HC reduction of 7% / 6% vs. H1 PY Cash and capital discipline › CAPEX reduced by 20% vs H1 PY esp. in building and projects › NCF decline compared to H1 PY Bottom-line › OI decline by 89% vs. H1 PY Results Delivery Office (RDO) Bottom line performance improvement Operational excellence Commercial excellence Material costs Net project costs SG&A optimization Growth Sales transformation Program execution Footprint US footprint India Enablers R&D competitiveness Project and Product management Target operating model Strategic topics Turnaround IL COEM growth T&E2 strategy HELLA H1 FY 2026 Results | Conference Call, July 30, 2026 Bottom-line focus modules
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|P.17 ONE DRUMBEAT, SIX MODULES, FULL TRANSPARENCY – LTP 2.0 EXECUTION ANCHORED BY VALIDATED P&L IMPACT LTP 2.0 bottom-line actions Strengthened program governance & execution › Structured steering drumbeat established › Rightsizing via AI deployment and BCC shift – First effects in 2026 › BOM6 target reduction defined with structural impact for 2027 › SKU7 rationalization target defined – Complexity reduction impact in 2027 › Platform governance established – Gatekeeper active for all new RfQs › Material cost reduction target defined for 2026 › VA/VE4 measures and BCC5 sourcing increase with impact in 2027 › Claim targets defined – Recoveries with 2026 P&L impact › Consequent ECR3 and loss- making project management, targets set for 2026 › Workforce & overhead targets defined with clear impact in 2026/27 › Plant turnaround targets (OEE1, NQC2, scrap) defined with immediate 2026 impact › CapEx targets defined with immediate 2026 cash impact › Strict Working Capital management established with impact in H2 2026 › Close financial impact tracking with quantified P&L effect › Board-backed escalation to resolve roadblocks HELLA H1 FY 2026 Results | Conference Call, July 30, 2026 1) Overall Equipment Effectiveness; 2) Non-Quality Costs; 3) Engineering Change Request; 4) Value Analysis/Value Engineering; 5) Best Cost Country; 6) Bill of Materials; 7) Stock Keeping Unit; 8) Net Project Costs › NPC8 reduction target defined – Savings on new acquisitions confirmed with 2026 P&L impact › Design-to-cost discipline enforced with structural impact in 2026/27 › Lighting bus. focused SG&A benchmarking initiated – Right- sizing and span- of-control measures with 2027 impact › AI deployment with 2027 efficiency impact Operational excellence Commercial excellence Material costs R&D competitiveness Project and Product mgmt. Cash control Net project costs SG&A optimization
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| 04 OUTLOOK FY 2026 HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.18 HELLA H1 FY 2026 Results
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| DECLINING MARKET IN 2026 – HEADWINDS EXPECTED TO INCREASE IN H2 DRIVEN BY CHINA HELLA H1 FY 2026 Results | Conference Call, July 30, 2026 93.1 2025 91.1 2026 -2.1% Source: S&P Global Mobility P.19 H1/2026 at 44.8m -1.0% YoY H2/2026 at 46.4m -3.2% YoY Expected global light vehicle production in million units, S&P Global Mobility per July 2026 Expected light vehicle production per region in million units, S&P Global Mobility per July 2026
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| HELLA FY 2026 OUTLOOK CONFIRMED HELLA H1 FY 2026 Results | Conference Call, July 30, 2026 Sales Currency and portfolio adjusted Between around €7.4 to €7.9 billion OI Margin Between around 5.4% to 6.0% of sales Net Cash Flow At least 1.8% of sales COMPANY OUTLOOK JAN 1, 2026, TO DEC 31, 2026, taking into consideration the S&P forecast of around 91.1 million light vehicles to be produced in 2026 P.20 Outlook does not take any significant deviations as a result of political, economic or social crises into account. For Lighting, a decline in sales is expected. For Electronics and Lifecycle Solutions moderate sales growth is expected. The OI Margin in Lighting is expected to be below PY level. The OI Margins in Electronics and Lifecycle solutions are expected at around the PY’s level.
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| 05 KEY TAKEAWAYS HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.21 HELLA H1 FY 2026 Results
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| › Transformation of Lighting accelerated: LTP 2.0 with strong focus on bottom line › Performance improvement through eight buckets based on validated impacts on P&L and Cash Flow › Regionally diversified acquisitions in volume and premium segment with platform approach and affordable innovations › Sales between around €7.4bn and €7.9bn › OI margin between around 5.4% and 6.0% › NCF/sales at least 1.8% › Outlook is based on around 91.1m LV produced › Increasing market headwind in H2, especially in China with LVP down by 4.1% › Raw materials headwinds consequently addressed › Sales at constant FX growing 1.6% to ~€4bn, outperforming global LVP by 250bps › Growth driven by Electronics and Lifecycle Solutions › Profitability suffered from volume and mix effects › Acceleration of cost reduction to counter inflationary pressure › Continued CAPEX governance – NCF impacted by restructuring cash out HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.22 KEY TAKEAWAYS OUTLOOK FY 2026 CONFIRMED LIGHTING TRANSFORMATION 2.0 H1 2026 DEVELOPMENT AS EXPECTED
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| APPENDICES HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.23
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| UPCOMING EVENTS CY 2026 • Preliminary Q3 FY 2026October 30, 2026 (after market close) • Q3 FY 2026November 12, 2026 (after market close) P.24 HELLA H1 FY 2026 Results | Conference Call, July 30, 2026 • Analysts Meeting @Deutsche Eigenkapitalforum, FrankfurtNovember 25*, 2026 *to be confirmed
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| LVP PRODUCTION AND GROUP SALES PER REGION HELLA H1 FY 2026 Results | Conference Call, July 30, 2026P.25 Note: Light Vehicle Production (LVP) based on S&P Global Mobility per July 16, 2026 H1 FY 2025 H1 FY 2026 HELLA Group sales in €m Worldwide 3,979 3,972 Europe 2,187 2,278 +4.2% Americas 979 882 -9.9% Asia/Pacific & Rest of World 813 812 -0.1% Light vehicle production in 1.000 units Worldwide 45,183 44,751 Europe 8,838 8,809 -0.3% Americas 9,182 9,213 +0.3% Asia/Pacific & Rest of World 27,163 27,728 -1.6%
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| 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 H1 FY 2026 Results | Conference Call, July 30, 2026P.26