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Copyright Schaeffler AG, 2026 – All rights reserved. | Q3 2026 Schaeffler AG earnings November 3, 2026 Herzogenaurach Q3 2026 Schaeffler AG earnings 1 November 3, 2026
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Copyright Schaeffler AG, 2026 – All rights reserved. | 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 forward-looking 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. It is not intended to constitute investment advice or an offer to sell, or a solicitation to buy, any securities. The permission to use S&P Global Market Intelligence and Mobility Global copyrighted reports, data and information does not constitute an endorsement or approval by S&P Global Market Intelligence or Mobility Global of the manner, format, context, content, conclusion, opinion or viewpoint in which S&P Global Market Intelligence or Mobility Global reports, data and information or its derivations are used or referenced herein. 2Q3 2026 Schaeffler AG earningsNovember 3, 2026
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Copyright Schaeffler AG, 2026 – All rights reserved. | 1 FX-adjusted, yoy | 2 Before special items, Gross margin Q3 2026 reported of 16.5% primarily includes one-off charges of EUR 220 mn in E-Mobility as communicated on Oct 13 | 3 Before cash in- and outflows for M&A activities | 4 Earnings per share Summary Q3 2026 – Solid performance despite weak Auto OE market in China, strong FCF 3 Q3 2026 Schaeffler AG earnings 3 1 O V E R V I E W Sales growth1 Q3 -2.0% Q3 2026: EUR 5,814 mn Key messages Q3 • Sales growth1 – E-Mobility and PTC both affected by market decline in Greater China and Europe; VLS and B&IS growing • Gross margin2 – Stable yoy with further improvement in E-Mobility; PTC and VLS with lower gross margin • EBIT margin2 – E-Mobility further improved, PTC impacted by volume decline in Greater China & Europe, VLS and B&IS with strong earnings quality • Free Cash Flow3 – Strong FCF in Q3, supported by lower Capex yoy • EPS4 – Slightly positive after 9M, impacted by one-off charges in E-Mobility Gross margin2 Q3 20.7 % Q3 2025: 21.0% EPS4 9M EUR 0.01 9M 2025: EUR -0.26 EBIT margin2 Q3 4.2 % Q3 2025: 4.5% Free Cash Flow3 Q3 EUR 260 mn Q3 2025: EUR 175 mn 1 2 3 4 5 November 3, 2026 Pre-Release on Oct 13
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Copyright Schaeffler AG, 2026 – All rights reserved. | Three key priorities – Next performance improvement program announced 4 2 P E R F O R M A N C E I M P R O V E M E N T P R O G R A M Delivering E-Mob recovery and achieving E-Mob break-even1 Continuously implementing self-help measures and portfolio optimization2 Advancing new growth in Humanoids and other new business opportunities3 Full Focus on Execution Key priorities as presented on CMD 2025 Q3 2026 Schaeffler AG earningsNovember 3, 2026
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Copyright Schaeffler AG, 2026 – All rights reserved. | Performance improvement program – Automotive crisis in Europe requires further self-help measures 5 2 P E R F O R M A N C E I M P R O V E M E N T P R O G R A M Continued decline in demand for vehicles with combustion engines in a reducing market – Resulting in around 30% overcapacity in Europe Adjustment of R&D-capacities 1) Consolidation of R&D locations 2) Adjustment of development capacity to actual demand 3) Delivering services in regions with market demand (local for local) Reduction of overcapacities 1) Consolidation of production capacity 2) Adjustment of capacity to lower market demand 3) Consolidation of capacity in Special Machinery and Tool Technologies Reduction of personnel costs 1) Adjustment of compensation and related benefits 2) Solidarity contribution from the Executive Board down to employees 3) Initially limited to 2027 and 2028 SolutionsProblem Personnel costs in Germany are too high – Making the country not competitive by international standards 3 Slower than expected ramp-up of E-mobility – Significantly reduced need for development capacity in Europe 2 1 Streamlining of the organization 1) Reduction of sales and administrative functions 2) Termination of management layers by up to 30% 3) Improved spans of control Current organization is too complex – Too many management layers and too narrow spans of control 4 November 3, 2026 Q3 2026 Schaeffler AG earnings
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Copyright Schaeffler AG, 2026 – All rights reserved. | Performance improvement program – Net reduction of ~3,460 employees and 16 locations affected 6 2 P E R F O R M A N C E I M P R O V E M E N T P R O G R A M Net reduction of ~3,460 positions, including ~ 2,660 in Germany, ~800 in Rest of Europe Production (~50%), R&D (~30%), and other functions (~20%) are affected 16 sites across Europe impacted, including closure of 4 sites in Germany (Dortmund, Morbach, Berlin, Schwalbach) Implementation is intended to take place mainly by 2028 and to be designed in a socially responsible manner Sustainable earnings improvement of EUR ~300 mn per year from 2030 onwards, one-off restructuring costs of EUR ~480 mn November 3, 2026 Q3 2026 Schaeffler AG earnings
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Copyright Schaeffler AG, 2026 – All rights reserved. | Net reduction of ~2,660 employees in Germany – Successful implementation of self-help measures continuous Net reduction in Germany HCO1 November 3, 2026 Q3 2026 Schaeffler AG earnings 7 2 P E R F O R M A N C E I M P R O V E M E N T P R O G R A M Key Aspects • Structural measures announced in 2024 implemented faster and more rigorously than expected • Additionally, 1,860 ATZ2 contracts successfully concluded in October 2026 • Further ~9% HCO reduction with new performance improvement program targeted, leading to 25% HCO reduction in Germany by 2028 Successful implementation of self-help measures leading to continuous HCO reduction in Germany 35,051 33,705 31,957 28,980 2,977 Workforce 31.12.24 Workforce 31.12.25 Workforce 30.9.26 Structural Measures 2024 plus ATZ2 2026 Pro-forma Baseline Planned net reduction3 Target 2028 ~2,660 ~26,320 -2,660 (-9%) 1 HCOs differ from the figures reported in the sustainability section of the Annual Report because a different employee group is being considered| 2 ATZ (Altersteilzeit) = Early retirement | 3 Including terminating 40h-contracts Indicative -8,731 (-25%)
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Copyright Schaeffler AG, 2026 – All rights reserved. | Financial impact – Expected EBIT improvement of EUR ~300 mn per year from 2030 onwards 8 Key Aspects • Recurring EBIT impact of EUR ~300 mn per year from 2030 onwards • Total restructuring costs1 currently estimated at EUR ~480 mn; provisions will already be taken in FY 2026 • Positive EBIT effect anticipated from 2027 onwards • Implementation primarily in 2027–2028; ~3,460 HCO are planned over the entire program period Implementation of measures to maintain long-term value creation 2 P E R F O R M A N C E I M P R O V E M E N T P R O G R A M ∑ ~3,460 Plan FY 26 Plan FY 27 Plan FY 28 Plan FY 29 Plan FY 30 Plan FY 26 Plan FY 27 Plan FY 28 Plan FY 29 Plan FY 30 ~480 ~300 1 Restructuring costs will be treated as special item Indicative November 3, 2026 Q3 2026 Schaeffler AG earnings HCO-Reduction ∆ EBIT (in mn EUR)
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Copyright Schaeffler AG, 2026 – All rights reserved. | Q3 Sales growth1 – Impacted by weak auto market development in Greater China November 3, 2026 Q3 2026 Schaeffler AG earnings 9 3 B U S I N E S S P E R F O R M A N C E 1 FX-adjusted, vs. Q3 2025 | 2 Division “Others” not shown E-Mobility Powertrain & Chassis Vehicle Lifetime Solutions Bearings & Industrial Solutions Q3 2026 1 % of Group sales2 22% 35% 14% 28% Region growth Europe 46% +7.5% -9.1% +3.5% +0.5% -0.3% Americas 24% -23.3% +3.0% +6.1% +4.5% -0.4% Greater China 16% -28.5% -24.3% +13.9% -3.8% -16.2% Asia/ Pacific 14% +16.7% +1.6% +17.6% +6.5% +7.6% x Division growth -1.4% -6.9% +5.8% +1.2% -2.0% Q3 sales growth1 Hedge 1: ICE vs. BEV Hedge 2: Build vs. Repair Hedge 3: Auto vs. Non-Auto
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Copyright Schaeffler AG, 2026 – All rights reserved. | Outperformance by Powertrain Type2 9M 2026 vs 9M 2025 OEM Auto Powertrain1 – BEV outperformance offset by underperformance in HEV and ICE 3 B U S I N E S S P E R F O R M A N C E 1 OEM Automotive Powertrain Sales = Sales E-Mobility and Powertrain & Chassis, that are powertrain-related for Passenger Cars (i.e. excl. Chassis, Commercial Vehicle business, selected unattributable cases ) | 2 Includes content supplied by Mobility Global © [IHS Markit Light Vehicle Production Powertrain Forecast, October 2026] | 3 Lifetime Sales | 4 Order Intake L9M Gross / Sales L9M November 3, 2026 10Q3 2026 Schaeffler AG earnings Key Aspects • Ongoing positive outperformance in BEV, due to resilient result in region Europe and outperformance in Americas compared to market • Overall sales performance in Europe, Americas and Asia/Pacific in line with market, China underperforming due to exposure to Western OEMs • Strong order intake in BEV, due to E-Axle and Inverter products – HEV development expected to be improved in Q4 2026 Sales growth Market growth Outperformance BEV 27.2% 17.8% +9.4pp HEV 6.1% 9.8% -3.7pp ICE -12.3% -9.8% -2.5pp Total -2.6% -1.0% -1.6pp Order Intake3/ Book-to-Bill4 by Powertrain Type 9M 2026 Sales Order Intake Book-to-Bill BEV 1,339 mn 1,538 mn 1.1x HEV 2,604 mn 1,724 mn 0.7x ICE 4,774 mn 3,762 mn 0.8x Total 8,718 mn 7,024 mn 0.8x
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Copyright Schaeffler AG, 2026 – All rights reserved. | Highlight • Electric drive components for Chinese OEMs Total Order Intake of EUR 160 mn • Power electronics for Chinese OEM, Order Intake EUR 170 mn • SOP for e-axle of North American autonomous mobility company E-Mobility – Sales development negatively affected by Greater China, still gross margin improved 3 B U S I N E S S P E R F O R M A N C E 1 FX-adjusted, yoy | 2 Lifetime sales | 3 Order intake L3M Gross / Sales L3M | 4 Before special items, Δ adj. Gross margin Q3 2026 vs. Q3 2025 | 5 Gross margin Q3 2026 reported of -8.3% primarily includes one-off charges of EUR 220 mn as communicated on Oct 13 11Q3 2026 Schaeffler AG earningsNovember 3, 2026 -1.4% Q3 2026: EUR 1,293 mn Sales growth1 Q3 EUR 0.5 bn Q3 2025: EUR 1.2 bn Order Intake2 Q3 0.4x Q3 2025: 0.9x Book-to-Bill3 Q3 +2.0pp 5 Gross margin4 Q3 2026: 8.6% Δ Gross margin4 Q3 Key Aspects Slight sales decline driven by market-related volume declines in selected projects in Greater China and Americas, which could not be fully compensated by growth in Europe and Asia/Pacific Order intake below the prior-year level due to continued market uncertainty, positive momentum with Chinese OEMs continues Gross margin above PY on improved operating performance
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Copyright Schaeffler AG, 2026 – All rights reserved. | Powertrain & Chassis – Sales decline1 driven by China market and phase-out, gross margin declined November 3, 2026 Q3 2026 Schaeffler AG earnings 12 3 B U S I N E S S P E R F O R M A N C E 1 FX-adjusted, yoy | 2 Lifetime sales | 3 Order intake L3M Gross / Sales L3M | 4 Before special items, Δ adj. Gross margin Q3 2026 vs. Q3 2025 Key Aspects Sales impacted by challenging market conditions in Europe & Greater China and planned phase-outs (2.8pp decline related to phase-outs) Order intake level signalling commercial successes in a challenging environment, Americas main contributor -6.9% Q3 2026: EUR 2,055 mn Sales growth1 Q3 EUR 2.7 bn Q3 2025: EUR 1.6 bn Order Intake2 Q3 1.3x Q3 2025: 0.7x Book-to-Bill3 Q3 -1.2pp Gross margin4 Q3 2026: 22.8% Δ Gross margin4 Q3 Gross margin impacted by volume decline, which could not be fully compensated by short-term operational measures Highlight • Extending and strengthening existing torque converter business, OI of EUR 590 mn ‒ Proving competitiveness and reliable quality in the crucial pick-up-market in the US ‒ Ensuring long term stability in ICE business, product design features usage also for hybrid cars
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Copyright Schaeffler AG, 2026 – All rights reserved. | Vehicle Lifetime Solutions – Strong sales growth1 driven by all regions, gross margin lower yoy 3 B U S I N E S S P E R F O R M A N C E 1 FX-adjusted, yoy | 2 Sales growth vs. Car Parc growth | 3 Growth passenger cars and light commercial vehicles 2026 vs. 2025 according to S&P Global, August 2026 | 4 Average Car Parc age 2025 and estimated 2026 according to S&P Global, August 2026 | 5 Before special items, Δ adj. Gross margin Q3 2026 vs. Q3 2025 13Q3 2026 Schaeffler AG earningsNovember 3, 2026 +5.8% Q3 2026: EUR 823 mn Sales growth1 Q3 +3.6pp Car Parc growth3: 2.2% Outperformance2 Q3 11.7 years Car parc age 2025: 11.5 years Car parc age4 2026e -1.3pp Gross margin5 Q3 2026: 31.0% Δ Gross margin5 Q3 Highlight • Expanding VLS electrification portfolio with Belt Starter Generators ‒ >3 million OE units produced, underscoring proven technology and market acceptance ‒ Strong growth potential driven by the increasing global MHEV vehicle parc Key Aspects Positive sales development in all regions, output constraints to fulfil strong customer demand successfully reduced Gross margin impacted by higher product and logistics costs related to ramp-up of new logistic platforms in Europe
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Copyright Schaeffler AG, 2026 – All rights reserved. | Highlight • Order intake of ~ EUR 400 mn covering multiple bearing types for new energy vehicles of volume OEM in region Europe • Supplier Award for “Innovation” from Nordex Group recognizing Schaeffler’s technology and engineering expertise in wind energy Bearings & Industrial Solutions – Slight sales1 growth, strong gross margin level maintained November 3, 2026 Q3 2026 Schaeffler AG earnings 14 3 B U S I N E S S P E R F O R M A N C E 1 FX-adjusted, yoy | 2 Sales growth vs. blended market growth | 3 Blended market growth based on weighted average of Light Vehicle Production and Industrial Production (Sectors considered: Mechanical Engineering (ISIC 28), Transport Equipment (ISIC 30), Electrical Equipment (ISIC 271)) | 4 Order Intake L3M Gross / Sales L3M | 5 Automotive Order Intake based on nominations to customer projects; Industrial Order Intake based on new orders plus order book adjustments| 6 Before special items, Δ adj. Gross margin Q3 2026 vs. Q3 2025 +1.2% Q3 2026: EUR 1,614 mn Sales growth1 Q3 +0.3pp Blended market growth3: 0.9% Outperformance2 Q3 1.2x Order Intake Q3 2026: EUR 1.9 bn5 Book-to-Bill4 Q3 +0.3pp Gross margin6 Q3 2026: 24.8% Δ Gross margin6 Q3 Key Aspects Good growth in Industrial bearings, continued strong in Aerospace bearings, soft market demand in Automotive bearings Gross margin increased thanks to operational performance and positive impact from self-help measures Order intake shows continued positive business development
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Copyright Schaeffler AG, 2026 – All rights reserved. | Humanoid – Accelerating positive business development, further strengthening our position in the ecosystem November 3, 2026 Q3 2026 Schaeffler AG earnings 15 3 B U S I N E S S P E R F O R M A N C E 1 Customer Product2 Delivery3 • 83 sample order intakes YTD translates into +300% vs. FY2025 • Expanding the NVIDIA partnership to build a digital twin platform to accelerate sim-to-real development at scale, reinforcing Schaeffler's unique position in humanoid robotics • Schaeffler Humanoid Lighthouse opened in Taicang, China, integrating manufacturing, humanoid training, data collection, digital twin simulation to accelerate customer development • Order book1 continues to grow to EUR 400 mn, with three new production orders placed in Q3 • Customer engagement is deepening, with growing interest from new customers and discussions expanding to multiple products, subassemblies and support for industrial-scale production 1 Order Book does not reflect any launches with announced partnerships
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Copyright Schaeffler AG, 2026 – All rights reserved. | Capital allocation – Continued capital investment discipline 3 B U S I N E S S P E R F O R M A N C E 1 Investments / D&A (excl. Depreciation for Leasing); impacted by one-off impairments | 2 End of period | 3 End of period, Q3 2026 vs. Q2 2026 November 3, 2026 16Q3 2026 Schaeffler AG earnings Capex Q3 2026 in EUR mn Capital Employed2 Q3 EUR 11. 9 bn Q2 2026: EUR 12.1 bn Capex Q3 EUR 193 mn Q3 2025: EUR 244 mn Δ Capital Employed3 Q3 EUR -201 mn Reinvestment Rate1 Q3 0.5x 70 65 12 59 E-Mob PTC VLS B&IS 0.4x 0.5x 1.2x 0.8x Reinvestment Rate1 Q3 2026 Capital Employed3 Q3 2026 in EUR bn | Delta Q3 2025: 0.5x 2.8 3.3 1.2 4.4 ∆ EUR +13 mn B&IS ∆ EUR +16 mn VLS ∆ EUR -177 mn E-Mob ∆ EUR -38 mn PTC 11.9
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Copyright Schaeffler AG, 2026 – All rights reserved. | Sales in EUR mn Sales and Gross Profit – Slight sales1 decline, gross margin impacted by lower volumes 4 F I N A N C I A L P E R F O R M A N C E 1 FX-adjusted, sales growth reported -0.2% | 2 Before special items, Gross margin Q3 2026 reported of 16.5% primarily includes one-off charges of EUR 220 mn in E-Mobility as communicated on Oct 13 Key Aspects • Volume: PTC negative due to China market and phase-outs • Production costs: Improved production performance and positive impact from self-help measures • Other cost of goods sold: Positive effects from prototypes and tooling as well as lower customer complaint costs November 3, 2026 17Q3 2026 Schaeffler AG earnings 5,826 5,814 Q3 25 Q3 26 -2.0%1 Gross Profit2 bridge and margin Q3 2025 vs. Q3 2026 in EUR mn 21.0%2 20.7%2 0 Gross Profit Q3 25 Price Volume Mix Production costs Other costs of goods Sold FX effect Gross Profit Q3 26 1,226 -70 -5 +12 +35 +8 1,205
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Copyright Schaeffler AG, 2026 – All rights reserved. | Key Aspects • R&D: Positive operational cost development offset by lower capitalization of R&D development project costs and activities in new growth fields • SG&A: Successful FTE reduction as well as leaner organization and processes EBIT1 in EUR mn EBIT margin1 – Slight decrease driven by lower Gross Profit 4 F I N A N C I A L P E R F O R M A N C E 1 Before special items | 2 Before special items, Gross Profit Q3 2026 reported primarily includes one-off charges of EUR 220 mn in E-Mobility as communicated on Oct 13 | 3 Total FX effect including FX impact in Gross Profit, overhead and operative FX gains and losses 4.7% November 3, 2026 18Q3 2026 Schaeffler AG earnings 4.7% 264 245 Q3 25 Q3 26 -0.3pp 4.5% 4.2% EBIT1 bridge and margin Q3 2025 vs. Q3 2026 in EUR mn 4.5% 4.2% EBIT Q3 25 Gross Profit excl. FX2 R&D expenses SG&A expenses Others FX3 EBIT Q3 26 264 -28 -24 +32 +4 -3 245
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Copyright Schaeffler AG, 2026 – All rights reserved. | Sales by business division Q3 yoy growth1 E-Mobility – Sales impacted by weak markets in China and Americas, EBIT margin2 further improved 4 F I N A N C I A L P E R F O R M A N C E November 3, 2026 19 -21.7% Mechatronics & Modules +14.5% Electric Drives -4.6% Controls -22.9% Q3 2026 Schaeffler AG earnings 1,277 1,293 Q3 25 Q3 26 -1.4%1 -191 -169 Q3 25 Q3 26 +1.9pp -15.0% -13.1% 35% 53% 12% Key Aspects • Electric Drives posted strong sales growth1, driven by successful product ramp-ups in Europe, Greater China and Asia/Pacific • Mechatronics & Modules impacted by market-driven volume decline in Greater China and Americas • EBIT margin2 improvement driven by operational plant performance 1 FX-adjusted | 2 Before special items Sales in EUR mn EBIT2 in EUR mn
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Copyright Schaeffler AG, 2026 – All rights reserved. | Powertrain & Chassis – Sales1 decline in Greater China and Europe, lower EBIT margin2 4 F I N A N C I A L P E R F O R M A N C E 1 FX-adjusted | 2 Before special items 12.4% Sales by business division Q3 yoy growth1 Sales in EUR mn EBIT2 in EUR mn November 3, 2026 20 +13.9% Chassis Systems -10.1% Powertrain Solutions -6.8% Engine & Transmission Systems Q3 2026 Schaeffler AG earnings Key Aspects • Sales decrease due to soft ICE markets in Greater China & Europe as well as phase-outs in Powertrain Solutions • Chassis Systems with strong growth in Greater China driven by ramp- ups with Chinese OEMs • EBIT margin2 lower due to market-driven volume decline 2,172 2,055 Q3 25 Q3 26 -6.9%1 247 209 Q3 25 Q3 26 -1.2pp 10.2%11.4% 7% 55% 38%
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Copyright Schaeffler AG, 2026 – All rights reserved. | Sales by business division Q33 yoy growth1 Vehicle Lifetime Solutions – Sales growth1 in all regions, solid EBIT margin2 4 F I N A N C I A L P E R F O R M A N C E 1 FX-adjusted | 2 Before special items | 3 Emerging Business not reported due to non-existing sales 15.7% -7.1% Specialty Business +16.5% Platform Business +11.0% Repair & Maintenance Solutions Sales in EUR mn EBIT2 in EUR mn November 3, 2026 21Q3 2026 Schaeffler AG earnings Key Aspects • Sales growth in Repair & Maintenance Solutions mainly driven by Europe and above-average growth in Greater China and Asia/Pacific • Specialty Business with decline1 primarily due to lower demand in Europe, e.g. for NOx sensors • EBIT margin2 lower due to higher product and logistic ramp-up costs 769 823 Q3 25 Q3 26 +5.8%1 115 118 Q3 25 Q3 26 -0.5pp 14.4%14.9% 68% 26% 6%
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Copyright Schaeffler AG, 2026 – All rights reserved. | Sales by business division Q3 yoy growth1 Bearings & Industrial Solutions – Sales growth1 in Americas and Asia/Pacific, strong EBIT margin2 4 F I N A N C I A L P E R F O R M A N C E 1 FX-adjusted | 2 Before special items 10.1% +4.6% Linear Motion -4.8% Automotive Bearings +4.2% Industrial Bearings Sales in EUR mn EBIT2 in EUR mn November 3, 2026 22Q3 2026 Schaeffler AG earnings Key Aspects • Automotive Bearings facing soft markets in Europe and Greater China • Industrial Bearings sales growth1 driven by cyclical recovery in sectors Industrial Machinery and Construction & Agriculture; Aerospace Bearings maintained strong momentum • EBIT2 increase driven by stringent execution of self-help measures 1,569 1,614 Q3 25 Q3 26 +1.2%1 122 139 Q3 25 Q3 26 +0.8pp 8.6%7.8% 50% 38% 6% 6% +15.3% Aerospace Bearings
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Copyright Schaeffler AG, 2026 – All rights reserved. | FCF Bridge Q3 2026 in EUR mn Key Aspects • Slightly negative Δ Net Working Capital due to increased inventory buffer following volatile environment, e.g. bottlenecks for circuit boards • Focused Capex steering continued in Q3 2026, with focus remaining on future growth • Others includes US tariff refunds and non-cash relevant accruals Free Cash Flow before M&A1 in EUR mn Free Cash Flow1 – Strong seasonal FCF driven by lower Capex yoy 4 F I N A N C I A L P E R F O R M A N C E 1 Before cash in- and outflows for M&A activities November 3, 2026 23Q3 2026 Schaeffler AG earnings 175 260 Q3 25 Q3 26 +85 +102 EBITDA Q3 26 ∆ Net Working Capital Capex Net Interest Taxes Others FCF Q3 261 520 -55 -193 -57 -57 260
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Copyright Schaeffler AG, 2026 – All rights reserved. | Reported Net Financial Debt and Leverage ratio1 in EUR mn Debt Profile – Bond repaid as planned, Revolving Credit Facility extended to 2031 4 F I N A N C I A L P E R F O R M A N C E 1 Net Financial Debt to EBITDA LTM ratio before special items | 2 Net Financial Debt to EBITDA LTM ratio before special items, Pro Forma November 3, 2026 24Q3 2026 Schaeffler AG earnings Maturity Profile Schaeffler Group as of September 30 in EUR mn Key Aspects • Bond repayment completed – EUR 500 mn bond with a 4.5% coupon repaid in July • Revolving Credit Facility extension option exercised – The term of the EUR 3 bn RCF was extended until October 2031, with the consent of all participating banks As of September 30, 2026 Total gross debt (excl. RCF): EUR 7,573 mn Total cash: EUR 2,377 mn Total liquidity: EUR 4,956 mn 5,013 5,255 5,108 4,915 5,143 5,545 5,296 2.2 2.4 2.3 2.1 2.2 2.4 2.3 Q1 252 Q2 252 Q3 252 Q4 25 Q1 26 Q2 26 Q3 26 218 650 850 600 750 500 480 266 507 76 57 2026 76 2027 1,300 149 2028 1,100 2029 2030 42 2031 2032 2033 1,206 1,525 1,423 1,357 642 Bonds Term Loans Schuldschein Loans
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Copyright Schaeffler AG, 2026 – All rights reserved. | FY Guidance 2026 – On track to achieve our 2026 targets 5 O U T L O O K 1 Before special items | 2 Before cash in- and outflows for M&A activities | 3 Includes content supplied by Mobility Global © [Mobility Global Light Vehicle Production Forecast (Base), October 2026]. All rights reserved. | 4 Includes content supplied by Mobility Global © [Mobility Global Vehicles in Operation (VIO) Forecast, Aug 2026]. All rights reserved.| 5 Includes content supplied by S&P Global Market Intelligence © [Comparative Industry Service Forecast, October 2026]. All rights reserved. Sectors considered: Mechanical Engineering (ISIC 28), Transport Equipment (ISIC 30), Electrical Equipment (ISIC 271) 25Q3 2026 Schaeffler AG earnings Market assumptions • LVP: Schaeffler expects global LVP to decrease by -1.7% in 2026, based on the forecast by Mobility Global3 • Car Parc: Growth rate of Global LV Parc4 between 2.0% and 2.5% for 2026 compared to 2.3% in 2025. The average age is expected to increase further in 2026 (2025: 11.5 years) • Industrial Production: According to forecasts by S&P Global Market Intelligence, growth in global Industrial Production5 between 2.5% and 3.0% in 2026 (2025: 1.9%) November 3, 2026 Schaeffler Group E-Mobility Powertrain & Chassis Vehicle Lifetime Solutions Bearings & Industrial Solutions Sales in EUR bn 22.5 to 24.5 9M 2026: 17.5 5.2 to 5.8 9M 2026: 3.9 8.0 to 8.6 9M 2026: 6.3 3.1 to 3.3 9M 2026: 2.4 6.2 to 6.7 9M 2026: 4.8 EBIT margin1 3.5% to 5.5% 9M 2026: 4.5% -15.0% to -13.0% 9M 2026: -14.8% 10.0% to 12.0% 9M 2026: 10.8% 13.5% to 15.5% 9M 2026: 15.1% 7.0% to 9.0% 9M 2026: 8.9% Free Cash Flow2 in EUR mn 100 to 300 9M 2026: -40
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Copyright Schaeffler AG, 2026 – All rights reserved. | Outlook – Financial calendar 5 O U T L O O K Financial calendar and selected IR events 2026/2027 26 Q3 2026 Schaeffler AG earnings UBS Roadshow – Zurich, Geneva Nov 25/26 Goldman Sachs Industrial & Autos Week – LondonDec 2 Deutsche Bank Q3 Roadshow – VirtualNov 4 Q3 2026 Earnings ReleaseNov 3 Kepler German Corporate Conference – Frankfurt Jan 19 FY 2026 Earnings ReleaseMar 3 Coba/Oddo German Investment Seminar – New YorkJan 11-12 November 3, 2026 Berenberg European Conference – LondonDec 3 Consumer Electronics Show – Las VegasJan 6-9
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BACKUPBACKUPBACKUP Q3 2026 Schaeffler AG earnings 27November 3, 2026
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Copyright Schaeffler AG, 2026 – All rights reserved. | Ancillary comments 2026 – Additional KPIs and parameter B A C K U P 1 In % of Net Income before special items, attributable to Shareholders of the parent company | 2 Net financial debt to EBITDA ratio before special items 28Q3 2026 Schaeffler AG earnings Additional KPIs FY 2026 Comments Reinvestment Rate Slightly below 1.0 Focus on investments in new business and innovation & technology Restructuring cash-out incl. integration costs Around EUR 350 mn Significant portion due to structural measures Dividend Payout Policy 40% – 60%1 Dividend payout 2025 EUR 30 cents Leverage ratio2 Around 2.0x Target corridor 1.5x to 2.0x Tax rate >100% Target corridor 28% to 32% November 3, 2026
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Copyright Schaeffler AG, 2026 – All rights reserved. | Market assumptions 2026 B A C K U P November 3, 2026 Q3 2026 Schaeffler AG earnings 29 1 Includes content supplied by Mobility Global © [Mobility Global Light Vehicle Production Forecast (Base), October 2026]. All rights reserved. | 2 Includes content supplied by Mobility Global © [Mobility Global Vehicles in Operation (VIO) Forecast, Aug 2026]. All rights reserved.| 3 Includes content supplied by S&P Global Market Intelligence © [Comparative Industry Service Forecast, October 2026]. All rights reserved. Sectors considered: Mechanical Engineering (ISIC 28), Transport Equipment (ISIC 30), Electrical Equipment (ISIC 271) Global and regional LV Parc2 • Growth rate of Global LV Parc2 of 2.2% expected for 2026 compared to 2.3% in 2025. The average age is expected to increase in 2026 to 11.7 years (2025: 11.5 years) due to lower sales of new cars, in conjunction with lower replacement rate of vehicles in operation • Like in previous years, the highest growth rate is expected for region Greater China (4.0%) Europe Americas Greater China Asia/Pacific 1.7% 1.4% 4.0% 2.6% World FY2026e Global LVP1 • Schaeffler expects global LVP to decline by 1.7% to 91.6 million units in 2026, based on the forecast by Mobility Global • Each region except Asia/Pacific is expected to register a decline in 2026, especially Greater China yoy vs. 2025 -1.7% 45.2 47.9 93.1 45.1 46.5 91.6 H1 H2 2025 H1 H2 2026e Global and regional Industrial Production3 World FY2026e • Global Industrial Production3 is expected to grow by 2.8% in 2026 (2025: 1.9%), based on the S&P Global Market Intelligence forecast • Europe, Greater China and especially Americas recently with upward revision, while projection for Asia/Pacific adjusted slightly downward Europe Americas Greater China Asia/Pacific 1.6% 5.1% 2.3% 2.7%
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Copyright Schaeffler AG, 2026 – All rights reserved. | Weakness of European OEMs in China – One-off charges in E-Mob of ~EUR 240 mn in 2026 to mitigate risks Q3 2026 Schaeffler AG earnings 30 B A C K U P Key Aspects • Challenging market development in China, weakness of European OEMs in Chinese NEV market • Proactive measures taken for risk mitigation by adjusting capacity and streamlining portfolio leading to one-off charges of ~EUR 240 mn in 2026 • Dedicated China strategy further drives diversification of customer base by winning with Chinese OEMs 1 Before special items Achieving E-Mobility Break- even remains key priority November 3, 2026 1 Right-sizing capacities Due to continued volume reductions, SOP shifts and project cancellations mainly for European OEMs in China 2 Portfolio streamlining Exit from Thermal Management systems business following a comprehensive portfolio review • One-off charges of ~EUR 240 mn in 2026 (adjusted as special items) to proactively mitigate risks • Positive double-digit EBIT1 effect in subsequent years Proactive measures Volatile China market development H1 2024 H1 2025 H1 2026 BEV HEV ICE -12% -23% -27% <10% Market share of German OEMs in China EV market European OEMs lack competitiveness Financial implication -30% YoY Production volume reduction for selected EU-OEMs in China Volume development in units
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Copyright Schaeffler AG, 2026 – All rights reserved. | # Contracts announced on Aug 5 # Contracts concluded per Oct 5 1,300 Structural measures announced in November 2024 implemented faster – Additional ATZ1 contracts concluded 31 B A C K U P Key Aspects • Structural measures announced in November 2024 with ~4,700 HCO reductions and EUR 290 mn recurring EBIT3 improvement from 2029 onwards • All negotiations completed; implementation faster and more rigorously than expected with less accruals (EBIT3 effect in 2029 expected to be overachieved by more than 20%, HCO 4,677 in 2028 one year earlier) • Continuous reduction of 6,143 HCO at Group level since December 2024: Strong track record of executing structural measures ATZ Measures1 Number of agreements 1,768 Structural measures Realized reductions + 4.7% 4.7% 5.0 % 334 2,206 2024 2025 2026 2027 2028 2029 3,926 4,487 4,677 4,804 Signed Exited (as of Sep 26: 3,715) November 3, 2026 1 ATZ (Altersteilzeit) = Early retirement option based on same conditions as existing early retirement option | 2 Announced in 2024 | 3 Before Special Items | 4 Mainly driven by favorable mix of personnel measures | 5 Contract holders will transfer into passive phase the latest after 31 Dec 2029 | 6 Covering one-time payments, excluding ATZ surcharge during active phase • HCO reduction target2 of 4,700 in 2029 overachieved and delivered one year earlier • Positive EBIT3 effect of EUR 290 mn to be over- achieved with lower provisions (EUR -84 mn)4 • As of Oct 5, 1,768 ATZ contracts concluded, leading to a HCO reduction of 1,569 by end of 2029 • Positive EBIT3 effect of EUR 55 mn in 2029 expected, positive cash effect of ~ EUR 50 mn in 2027 Announced provision of EUR 504 mn reduced by EUR -84 mn4 Plan 165 2,079 3,861 4,402 4,677 4,706 31 Dec 24 115,055 30 Jun 25 112,858 31 Dec 25 110,753 30 Jun 26 108,912 199 1,569 Q3 2026 Schaeffler AG earnings Provisions of EUR ~70 mn for one-time payments to be built over time until 20306 ATZ Contracts ≤ 3+35 ATZ Contracts of 4+4 +169 Delta +127 +65 -6,143
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Copyright Schaeffler AG, 2026 – All rights reserved. | Outperformance by Powertrain Type2 Q3 2026 vs Q3 2025 OEM Auto Powertrain1 – Challenging quarter for all powertrain types B A C K U P 1OEM Automotive Powertrain Sales = Sales E-Mobility and Powertrain & Chassis, that are powertrain-related for Passenger Cars (i.e. excl. Chassis, Commercial Vehicle business, selected unattributable cases ) | 2 Includes content supplied by Mobility Global © [IHS Markit Light Vehicle Production Powertrain Forecast, October 2026] | 3 Lifetime Sales | 4 Order Intake L3M Gross / Sales L3M November 3, 2026 32Q3 2026 Schaeffler AG earnings Key Aspects • Close to market performance in BEV, due to ramp up of Charging and Battery projects • Solid performance in Asia Pacific, leading to an overall positive regional outperformance • Strong order intake in ICE, HEV and BEV development expected to be improved in Q4 2026 Sales growth Market growth Outperformance BEV 26.4% 27.5% -1.1pp HEV 6.7% 8.9% -2.2pp ICE -18.0% -14.8% -3.2pp Total -5.7% -2.3% -3.4pp Order Intake3/ Book-to-Bill4 by Powertrain Type Q3 2026 Sales Order Intake Book-to-Bill BEV 480 mn 264 mn 0.6x HEV 874 mn 303 mn 0.3x ICE 1,479 mn 1,587 mn 1.1x Total 2,834 mn 2,154 mn 0.8x
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Copyright Schaeffler AG, 2026 – All rights reserved. | Key figures 2026 by division B A C K U P E-Mob in EUR mn Q1 26 Q2 26 Q3 26 Q4 26 9M 26 Sales 1,210 1,368 1,293 3,871 Sales growth1 +6.0% +9.4% -1.4% +4.6% Gross Profit2 47 94 111 252 Gross Profit margin2 3.9% 6.9% 8.6% 6.5% EBIT2 -215 -187 -169 -571 EBIT margin2 -17.8% -13.6% -13.1% -14.8% VLS in EUR mn Q1 26 Q2 26 Q3 26 Q4 26 9M 26 Sales 801 799 823 2,424 Sales growth1 +0.9% -1.2% +5.8% +1.8% Gross Profit2 260 258 256 773 Gross Profit margin2 32.4% 32.2% 31.0% 31.9% EBIT2 128 120 118 366 EBIT margin2 15.9% 15.0% 14.4% 15.1% PTC in EUR mn Q1 26 Q2 26 Q3 26 Q4 26 9M 26 Sales 2,141 2,106 2,055 6,302 Sales growth1 -1.8% -5.1% -6.9% -4.6% Gross Profit2 524 472 469 1,465 Gross Profit margin2 24.5% 22.4% 22.8% 23.3% EBIT2 246 227 209 682 EBIT margin2 11.5% 10.8% 10.2% 10.8% B&IS In EUR mn Q1 26 Q2 26 Q3 26 Q4 26 9M 26 Sales 1,573 1,608 1,614 4,795 Sales growth1 +1.6% +0.4% +1.2% +1.1% Gross Profit2 408 408 400 1,216 Gross Profit margin2 26.0% 25.4% 24.8% 25.4% EBIT2 142 144 139 426 EBIT margin2 9.0% 9.0% 8.6% 8.9% Group in EUR mn Q1 26 Q2 26 Q3 26 Q4 26 9M 26 Sales 5,764 5,903 5,814 17,481 Sales growth1 +1.0% -0.3% -2.0% -0.4% Gross Profit2 1,243 1,218 1,205 3,666 Gross Profit margin2 21.6% 20.6% 20.7% 21.0% EBIT2 285 264 245 794 EBIT margin2 5.0% 4.5% 4.2% 4.5% Others in EUR mn Q1 26 Q2 26 Q3 26 Q4 26 9M 26 Sales 39 21 29 89 Sales growth1 -2.5% -46.3% -27.9% -25.4% Gross Profit2 5 -14 -31 -41 Gross Profit margin2 11.6% -66.2% -105.9% -45.3% EBIT2 -15 -40 -52 -108 EBIT margin2 -39.8% -188.0% -180.1% -121.0% 1 FX-adjusted | 2 Before special items November 3, 2026 33Q3 2026 Schaeffler AG earnings
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Copyright Schaeffler AG, 2026 – All rights reserved. | Key figures 2025 by division B A C K U P E-Mob in EUR mn Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Sales 1,167 1,238 1,277 1,301 4,983 Sales growth1 +9.6% +9.7% +4.7% +4.7% +7.0% Gross Profit2 25 56 85 109 274 Gross Profit margin2 2.2% 4.5% 6.6% 8.4% 5.5% EBIT2 -269 -194 -191 -156 -810 EBIT margin2 -23.1% -15.6% -15.0% -12.0% -16.3% VLS in EUR mn Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Sales 813 808 769 765 3,156 Sales growth1 +10.7% +2.3% +2.3% +5.1% +5.0% Gross Profit2 261 247 248 246 1,002 Gross Profit margin2 32.1% 30.6% 32.3% 32.2% 31.8% EBIT2 126 113 115 104 457 EBIT margin2 15.5% 14.0% 14.9% 13.6% 14.5% PTC in EUR mn Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Sales 2,278 2,223 2,172 2,136 8,808 Sales growth1 -10.7% -7.3% -0.4% -1.3% -5.2% Gross Profit2 588 518 520 451 2,077 Gross Profit margin2 25.8% 23.3% 24.0% 21.1% 23.6% EBIT2 290 230 247 187 953 EBIT margin2 12.7% 10.3% 11.4% 8.7% 10.8% B&IS In EUR mn Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Sales 1,625 1,612 1,569 1,555 6,360 Sales growth1 -2.1% -0.5% +2.2% +3.3% +0.7% Gross Profit2 425 355 384 354 1,517 Gross Profit margin2 26.1% 22.0% 24.5% 22.7% 23.9% EBIT2 162 89 122 90 463 EBIT margin2 10.0% 5.5% 7.8% 5.8% 7.3% Group in EUR mn Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Sales 5,924 5,922 5,826 5,820 23,492 Sales growth1 -2.9% -2.2% +1.3% +1.6% -0.6% Gross Profit2 1,287 1,160 1,226 1,143 4,815 Gross Profit margin2 21.7% 19.6% 21.0% 19.6% 20.5% EBIT2 276 205 264 190 936 EBIT margin2 4.7% 3.5% 4.5% 3.3% 4.0% Others in EUR mn Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Sales 41 40 40 64 185 Sales growth1 -55.3% -67.7% -43.4% -27.6% -50.7% Gross Profit2 -12 -15 -11 -17 -55 Gross Profit margin2 -28.8% -37.9% -28.0% -26.4% -29.8% EBIT2 -32 -33 -28 -35 -128 EBIT margin2 -78.9% -82.5% -70.0% -54.7% -69.4% 1 FX-adjusted | 2 Before special items November 3, 2026 34Q3 2026 Schaeffler AG earnings Adjusted comparative figures 2025
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Copyright Schaeffler AG, 2026 – All rights reserved. | Mid-Term Targets 2028 confirmed – Full focus on execution November 3, 2026 Q3 2026 Schaeffler AG earnings 35 B A C K U P 1 Before special items | 2 Before cash in- and outflows for M&A activities | 3 Investments/D&A (excl. depreciation for leasing) | 4 Net financial debt to EBITDA LTM ratio before special items | 5 In % of Net Income before special items, attributable to shareholders of the parent company Group E-Mobility Powertrain & Chassis Vehicle Lifetime Solutions Bearings & Industrial Solutions Sales EUR 24 to 26 bn 2025: EUR 23.5 bn Sales EUR 6.25 to 7.25 bn 2025: EUR 5.0 bn Sales EUR 8 to 8.75 bn 2025: EUR 8.9 bn Sales EUR 3.75 to 4.25 bn 2025: EUR 3.2 bn Sales EUR 6.5 to 7.0 bn 2025: EUR 6.4 bn EBIT1 margin 6% to 8% 2025: 4.0% EBIT1 margin -4% to 0% 2025: -16.3% EBIT1 margin 10.5% to 12.5% 2025: 10.8% EBIT1 margin 14% to 16% 2025: 14.5% EBIT1 margin 9% to 11% 2025: 7.3% Free Cash Flow2 EUR 400 to 600 mn 2025: EUR 266 mn Group Target Group Additional Parameters Divisional Target Leverage Ratio4 1.5x to 2.0x 2025: 2.1x Dividend Payout5 40% to 60% Reinvestment Rate3 ~1.0x 2025: 0.6x
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Copyright Schaeffler AG, 2026 – All rights reserved. | Overview corporate and financing structure November 3, 2026 Q3 2026 Schaeffler AG earnings 36 B A C K U P 1 EUR/USD = 1.1355 | 2 After cross currency swaps | 3 Incl. commitment and utilization fees | 4 Table displays Schaeffler AG related instruments only. For the overall indebtedness of the Schaeffler Group, reference is made to the respective financial statements of the Schaeffler Group |5 Including interest rate hedges for former Vitesco SSDs IHO Verwaltungs GmbH Debt instrument Nominal USD mn Nominal EUR1 mn Interest Maturity Rating Fitch/Moody’s/S&P Loans RCF (EUR 1,000 mn) - - E+3.75% Feb-29 Not rated Bonds 6.375% SSNs 2029 (USD) 400 352 6.375% May-29 BB/Ba2/BB- 6.75% SSNs 2029 (EUR) - 800 6.750% Nov-29 BB/Ba2/BB- 7.75% SSNs 2030 (USD) 500 440 7.750% Nov-30 BB/Ba2/BB- 5.625% SSNs 2031 (EUR) - 600 5.625% May-31 BB/Ba2/BB- 7.00% SSNs 2031 (EUR) - 520 7.000% Nov-31 BB/Ba2/BB- 8.00% SSNs 2032 (USD) 450 396 8.000% Nov-32 BB/Ba2/BB- 7.375% SSNs 2033 (USD) 500 440 7.375% May-33 BB/Ba2/BB- Total IHO Verwaltungs GmbH 3,549 Ø 6.84%2,3 Schaeffler AG Debt instrument4 Nominal EUR mn Interest Maturity Rating Fitch/Moody’s/S&P Loans RCF (EUR 3,000 mn) - E+0.900% Oct-30 Not rated Loans (Term Loan, EIB & KfW) (EUR) 1,225 Ø 4.195% Aug/ Nov-27 Oct-28 Apr/ Dec 29 Apr 30 / Oct 31 Not rated SSD (EUR) 208 Ø 3.228%5 Mar-27/ May-28 Mar-29 Not rated CP Commercial Paper (EUR) - - - Not rated Bonds 2.875% SNs 2027 (EUR) 650 2.875% Mar-27 BB+/Ba1/BB+ 4.250% SNs 2028 (EUR) 550 4.250% Apr-28 BB+/Ba1/BB+ 3.375% SNs 2028 (EUR) 750 3.375% Oct-28 BB+/Ba1/BB+ 4.125% SNs 2029 (EUR) 500 4.125% May-29 BB+/Ba1/BB+ 4.750% SNs 2029 (EUR) 600 4.750% Aug-29 BB+/Ba1/BB+ 4.500% SNs 2030 (EUR) 850 4.500% Mar-30 BB+/Ba1/BB+ 5.375% SNs 2031 (EUR) 600 5.375% Apr-31 BB+/Ba1/BB+ 4.500% SNs 2032 (EUR) 750 4.500% May-32 BB+/Ba1/BB+ 5.000% SNs 2033 (EUR) 500 5.000% May-33 BB+/Ba1/BB+ Total Schaeffler AG 7,183 Ø 4.36%3 Corporate structure (simplified) as of September 30, 2026 Continental AGSchaeffler AG INA-Holding Schaeffler GmbH & Co. KG IHO Verwaltungs GmbH B A 100% 10.0% Free float 54.0%36.0% 100% 10.0%Free float 54.0% IHO Beteiligungs GmbH Financing structure as of September 30, 2026 B A Aumovio SE 69.2% 10.0% 36.0% Free float 20.8%
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Q3 2026 Schaeffler AG earnings 37November 3, 2026