Slides
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January 1, 2026 – September 30, 2026 FORVIA HELLA 9M 2026 RESULTS
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| AGENDA HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.2 1 Achievements 2 Financial Results 3 Outlook 4 Key Takeaways
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| 01 Achievements HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.3 HELLA 9M FY 2026 Results
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| HELLA ORGANIC SALES GROWTH ABOVE MARKET – INCREASING COST PRESSURE ADDRESSED HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.4 › OI Margin at 5.0% › Adverse volume & mix effects › Cost inflation continue to weigh on margins, increasing PCB and semiconductor costs intensify pressure across the value chain › Lighting affected by the launch of complex products › Focus on reimbursements and cost measures to counter impact › Savings in R&D expenses – ratio down by around 46bps to 9.0% OI MARGIN AT 5.0% › Net Cash Flow at -€99m vs. €68m 9M FY 2025 › NCF/sales ratio at -1.7% (PY 1.2%) › Continued CAPEX governance › Net Cash Flow impacted by increased restructuring cash-out and high level of inventories › Net Cash Flow development follows typical seasonality › At constant FX, sales YoY +1.0% to €5,925m › Electronics sales1 YoY up 6.8% to €2,543m driven by radar and energy management › Lighting sales1 YoY down 5.7% to €2,535 affected by phase-out of programs & lower call-offs › Lifecycle Solutions sales1 up YoY 4.8% to €763m driven by strong Special OE business › Reported sales YoY broadly flat at €5,883m ORGANIC SALES GROWTH NET CASH FLOW AT -€99M
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| AUTOMOTIVE ORDER INTAKE 9M FY 2026; % of Automotive order intake HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.5 9M FY 2026 ORDER HIGHLIGHTS APAC & NSA ELECTRONICS C & JIKA OEMS 66% 58% 24% › Diversified regional mix › Significant increase compared to 2025 › Biggest share of order intake for Electronics › Strong order intake in growth products › Growth with C - and JIKA OEMs › Share has increased compared to 2025 STRONG ORDER INTAKE CONFIRMS CONSISTENT EXECUTION OF IGNITE STRATEGY › Mid-three-digit million-euro series orders for highly integrated EnergyCore solutions from two international OEMs in the Americas and Europe, SOP 2027 and 2028 › Major series orders from two leading Chinese OEMs for the latest gen. 77GHz radar, SOP 2027 › Headlamps for premium OEM for the US and Chinese market, SOP 2028 › Headlamp, CBL and rear lamp order for several mid-size car models for volume OEMs for the European and US market, SOP 2028 and 2029 › Commercial Vehicle Electronics for two European truck manufacturers, one for the Indian market, SOP 2026 and 2028 › Commercial Vehicle Lighting solution for a crossover SUV from a US OEM for the Indian market, SOP 2026 Electronics Lighting Lifecycle solutions
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| 02 Financial Results HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.6 HELLA 9M FY 2026 Results
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| GROUP SALES IN €M GROUP ORGANIC GROWTH – ELECTRONICS AND LIFECYCLE BUSINESS DRIVING GROUP PERFORMANCE HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.7 GLOBAL OUTPERFORMANCE AND FURTHER SUCCESS IN ELECTRONICS › Electronics with strong growth momentum, sales notably driven by radar, energy management like LV-DC/DC and IBS and body electronics › 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 FX headwind, overall negative impact at -€42m, Q3 positive effect at +€26m 57 9M FY 2025 Organic -42 Currency 9M FY 2026 5,868 5,883 57 +0.3% +1.0% -0.7%LVP -0.7%
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| HELLA OUTPERFORMANCE DRIVEN BY ELECTRONICS HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.8 Hella group performance at constant FX HELLA GROUP PERFORMANCE AT CONSTANT FX Global outperformance +1.7% +1.0% HELLA -0.7% MARKET EUROPE AMERICAS ASIA / PACIFIC / ROW 57% Of group sales 22% Of group sales 21% Of group sales +0.2% +2.6% +1.6% +1.3% HELLA MARKET -0.3% +2.1% -0.5% HELLA MARKET -1.8% -1.4% HELLA MARKET Electronics with global strength, North America leading outperformance › Electronics business development strong mainly driven by radar, growing SOE and Aftermarket business in Europe › Growth in Americas with Electronics › Performance in Asia Pacific aligned with market. Strong energy management business in Asia Pacific but weak Chinese market with selective launches in Lighting HELLA vs. MARKET HELLA vs. MARKET HELLA vs. MARKET
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| ONGOING GROWTH IN ELECTRONICS– CONTINUOUS COST AND MATERIAL INFLATION MEASURES HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.9 External Sales 2,403 2,543 YoY organic +6.8% YoY FX1 -1.0% Intersegment Sales 174 169 Total Sales 2,577 2,712 YoY +5.2% OI 196 205 % of Total Sales 7.6% 7.6% 9M FY 2025 9M FY 2026In €m VS. LVP growth of -0.7% STRONG ORGANIC SALES GROWTH, RADAR BUSINESS WITH FURTHER MOMENTUM › Europe: radar business with strong momentum due to ramp -ups and new launches. Growth further driven by Energy management and Body electronics with ramp -ups in Q3 › NSA: growth with international OEMs › APAC/RoW: strong energy mgmt.(LV BMS and DC/DC) over - compensate weak market environment in China OI MARGIN CONSTANT– COST COMPENSATION MEASURES ONGOING › OI +5.0% to €205m; OI Margin constant at 7.6% › Profitability influenced by product mix effects and material cost increases › Reduction of development expenses with less external services and structural adjustments › Cost measures continue with savings in administration
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| LIGHTING TO IMPROVE SUPPORTED BY THE TRANSFORMATION PLAN HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.10 External Sales 2,699 2,535 YoY organic -5.7% YoY FX1 -0.4% Intersegment Sales 35 28 Total Sales 2,734 2,563 YoY -6.3% OI 73 -2 % of Total Sales 2.7% -0.1% 9M FY 2025 9M FY 2026In €m VS. LVP growth of -0.7% SALES INFLUENCED BY THE END OF SERIES PROJECTS AND LOW CALL -OFFS › 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: New launces in China could not compensate e ffects from EOPs and low call -offs from international OEMs esp. Q3 OI MARGIN EXPECTED TO RECOVER › OI at €-2m; OI Margin -274bps YoY to -0.1% › Impact from negative sales trajectory continues – seasonality in regional production volumes › Increasing cost inflation and additional costs for complex launches › Savings in development expenses with less external spendings and lower headcount › LTP accelerated with visible impact on OI margin end of FY 2026 › Return to 2025 c.3% OI Margin in 2028 confirmed
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| LIFECYCLE SOLUTIONS CONTINUES ITS GROWTH PATH – MARGIN IMPROVEMENT WITH TOP LINE INCREASE & SAVINGS HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.11 External Sales 732 763 YoY organic +4.8% YoY FX1 -0.6% Intersegment Sales 7 7 Total Sales 739 770 YoY +4.2% OI 74 88 % of Total Sales 10.0% 11.5% 9M FY 2025 9M FY 2026In €m TOP LINE GROWING MAINLY DUE TO SPECIAL OE BUSINESS, AFTERMARKET BACK TO GROWTH › Special OE: sales increase with market recovery especially in customer segments agriculture, construction machinery, and truck & bus › Aftermarket: sales growth further accelerated in Q3 due to increased demand and an extended product range (e.g. re -entry into thermal business) › Further stabilization of workshop business through demand for entry -level diagnostic solutions and new calibration tools, stable sales YoY OI INCREASE WITH POSITIVE LEVERAGE AND SAVINGS › OI +19.3% to €88; OI Margin +144bps to 11.5% › Profitability improved through positive volume and product mix effects › Profitability supported by savings: development, selling and administrative expenses reduced through cost measures
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| INCREASE OF EBIT AND NET INCOME HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.12 Sales 5,868 5,883 +0.3% COGS (4,527) (4,615) +1.9% % of sales -77.2% -78.4% +129bps Gross Profit 1,340 1,268 -5.4% % of Sales 22.8% 21.6% -129bps R&D (553) (528) -4.6% % of sales -9.4% -9.0% -46bps SG&A (449) (446) -0.7% % of sales -7.7% -7.6% -7bps (thereof distribution) (240) (251) +4.4% % of sales -4.1% -4.3% +17bps (thereof admin) (219) (209) -4.4% % of sales -3.7% -3.6% -17bps OI 337.6 294.0 -12.9% % of sales 5.8% 5.0% -76bps JV & other investment income 0.0 -9.7 n.m. % of sales n.a. -0.2% -16bps Non-recurring OI& OE (129.4) (48.2) -62.8% EBIT 208.1 236.1 +13.4% % of sales 3.5% 4.0% +47bps Cons. Net Income 108.1 132.7 +22.8% % of sales 1.8% 2.3% +41bps 9M FY 2025 9M FY 2026 YOY CHANGEIn €m DOUBLE-DIGIT PERCENTAGE INCREASE OF EBIT AND NET INCOME › EBIT up by 13.4% to €236m › Restructuring costs at around €35m (PY around €118m) › Net Income up by 22.8% to €133m EFFICIENCY GAINS AND COST SAVINGS CONTINUED › R&D ratio down by around 46bps with structural adjustments in the European development network and efficiency increases › SG&A expenses down by 0.7%, ratio to sales down by 7bps to 7.6% with savings in admin and efficiency increases
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| NET CASH FLOW DOWN ON RESTRUCTURING AND WC – Q4 RECOVERY IN LINE WITH TYPICAL SEASONALITY HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.13 NET CASH FLOW IN €M AND % OF SALES TANGIBLE CAPEX IN €M AND % OF SALES › Lower funds from operation › Higher inventory levels with safety stock building and safeguarding of launches › Stronger increase in receivables including lower impact from factoring › Increase in planned restructuring expenses DOWN BY €49M TO -€99M €167M 1.2% -1.7% › Stringent CAPEX governance › Increased CAPEX efficiency 4.6% 4.0% DOWN BY 19% TO €236M 12.1% 269 236 9M FY 2025 9M FY 2026 -12.1% 269 236269 236 68 -99 9M FY 2025 9M FY 2026 -167 68 -99 68 -99
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| 03 Outlook HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.14 HELLA 9M FY 2026 Results
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| EXPECTED GLOBAL LIGHT VEHICLE PRODUCTION In million units, S&P Global Mobility per October 2026 DECLINING MARKET IN 2026 – Q4 HIT BY CHINA HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.15 EXPECTED LIGHT VEHICLE PRODUCTION PER REGION In million units, S&P Global Mobility per October 2026 2025 2026 93.1 91.6 -1.7% 9M/2026 at 67.8m -1% YoY Q4/2026 at 23.8m YoY (- 8.4% in (China) -0.7% -4.2% AMERICAS EUROPE ASIA/PACIFIC/ROW 18.2 Million units -0.8% 17.2 Million units +0.7% 56.2 Million units -2.6%
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| ›OUTLOOK CONFIRMED DESPITE MARKET HEADWINDS – SPECIFICATION WITHIN RANGES HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.16 COMPANY OUTLOOK JAN 1, 2026, TO DEC 31, 2026 Taking into consideration the S&P forecast of around 91.6 million light vehicles to be produced in 2026 Between around €7.4 TO €7.9 BILLION SALES Currency adjusted OI MARGIN Between around 5.4% TO 6.0% NET CASH FLOW At least 1.8% › Outlook specified within the expected ranges with the OI Margin at the lower end of range ▪ Increasing impact of material cost inflation ▪ Uneven volume development with negative customer mix ▪ Additional costs for complex launches in Lighting › Key deliverables for the coming months ▪ Recovery of material cost inflation ▪ Rigorous cash & working capital management ▪ Execution of Lighting Transformation Program including launch management of sales of sales AT THE LOWER END OF THE RANGE IN THE UPPER HALF OF THE RANGE
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| IGNITE STRATEGY EXECUTED WITH DISCIPLINE IN A CHALLENGING MARKET ENVIRONMENT HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.17 HELLA CONTINUES TO DELIVER ON THREE STRATEGIC PRIORITIES Best-in-class PERFORMANCE Business TRANSFORMATION Invigorating CULTURE Ensure and enhance competitiveness, deliver on financial targets, focus on recovery of cost inflation, turnaround Lighting business Diversify customer base and intensify business outside Europe Speed up decision making and development processes by expanding regional business units’ autonomy Align portfolio with major mobility trends automated driving, electromobility and software -defined vehicle architectures
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| 04 Key Takeaways HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.18 HELLA 9M FY 2026 Results
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| KEY TAKEAWAYS HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.19 › Outlook confirmed despite market headwinds – further specification › Sales between around €7.4bn and €7.9bn – expected at the upper half of the range › OI margin between around 5.4% and 6.0% – expected at the lower end of the range › NCF/sales at least 1.8% › Key deliverables for the coming months ▪ Recovery of cost inflation ▪ Rigorous cash & WC management ▪ Execute LTP; manage launches OUTLOOK FY 2026 CONFIRMED DESPITE MARKET HEADWINDS › Well-positioned to for the future to benefit from major trends and capture growth opportunities › Amplify IGNITE strategy execution to adapt to intensified competition › Ensure & enhance competitiveness through improved global cost structures and uplift of functional excellence › Turnaround Lighting business › Transform business and diversify customer base with a portfolio aligned to major mobility trends › Simplify structures & processes and speed up decision making › Sales growth in a declining market – strategic orientation confirmed with Electronics as key growth area › Successful order intake with consistent execution of IGNITE strategy › OI Margin suffered from volume & mix effects as well as from inflationary cost pressure › Intensified cost reduction measures and negotiations of pass-throughs › Cash generation with typical seasonality › Improvement of performance expected in Q4 9M 2026 DEVELOPMENT WITH CONTINOUS OUTPERFORMANCE EXECUTION OF IGNITE STRATEGY FOR LONG-TERM SUCCESS
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| Appendices HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.20 HELLA 9M FY 2026 Results
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| ›UPCOMING EVENTS HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.21 NOVEMBER 25, 2026 February 25, 2026* After market close April 22, 2026* After market close Analysts Meeting @Deutsche Eigenkapitalforum, Frankfurt Results FY 2026 incl. outlook Sales Update Q1 FY 2027 *to be confirmed
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| ›LVP PRODUCTION AND GROUP SALES PER REGION HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.22 9M FY 2025 9M FY 2026 HELLA GROUP SALES IN €M Worldwide 5,868 5,883 Europe 3,285 3,332 +1.4% Americas 1,340 1,330 -0.7% Asia/Pacific & Rest of World 1,242 1,221 -1.7% LIGHT VEHICLE PRODUCTION IN 1.000 UNITS Worldwide 68,281 67,783 Europe 12,710 12,879 +1.3% Americas 13,996 13,923 -0.5% Asia/Pacific & Rest of World 41,574 40,982 -1.4%
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| ›DISCLAIMER HELLA 9M FY 2026 Results | Conference Call, October 30, 2026P.23 › 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.