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1 December 2025 EARNINGS RELEASE
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2 • This document has been prepared by CIE Automotive, S.A. ("CIE Automotive"), and is for information purposes only. No reliance may or should be placed for any purposes whatsoever on the information contained in this document or on its completeness, accuracy or fairness. This document and the information contained herein are strictly confidential and are being shown to you solely for your information. The information may not be copied, distributed, reproduced or passed on, directly or indirectly, in whole or in part, or disclosed by any recipient, to any other person (whether within or outside such person's organization or firm) or published in whole or in part, for any purpose or under any circumstances. • This document is an advertisement and not a prospectus for the purposes of applicable measures implementing EU Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive") and as such does not constitute or form part of any offer to sell or issue or invitation to purchase or subscribe for, or any solicitation of any offer to purchase or subscribe for, any securities of CIE Automotive or any of its affiliates or subsidiaries, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. Investors should not subscribe for or purchase any securities referred to in this advertisement except on the basis of the information contained in any prospectus eventually published in accordance with the Prospectus Directive. The information and opinions contained in this document are provided as at the date of the document and are subject to change. • This document is not an offer of securities for sale in the United States, Australia, Canada or Japan. The information contained herein does not constitute an offer of securities for sale in the United States, Australia, Canada or Japan. Securities may not be offered or sold in the United States unless they are registered or are exempt from registration. No money, securities or other consideration is being solicited and, if sent in response to the information contained herein, will not be accepted. Copies of this document are not being, and should not be, distributed or sent into the United States. This document does not constitute an offer of securities to the public in the United Kingdom or in any other jurisdiction. The distribution of this document in other jurisdictions may also be restricted by law and persons into whose possession this document comes should inform themselves about and observe any such restrictions. • Certain financial and statistical information contained in this document is subject to rounding adjustments. Accordingly, any discrepancies between the totals and the sums of the amounts listed are due to rounding. Certain management financial measures included in this document have not been subject to a financial audit. • The information and opinions contained in this document are provided as at the date of the document and are subject to verification, completion and change without notice. Neither CIE Automotive nor any of its parent or subsidiary undertakings, or the subsidiary undertakings of any such parent undertakings, or any of such person's respective directors, officers, employees, agents, affiliates or advisers, undertakes any obligation to amend, correct or update this document or to provide the recipient with access to any additional information that may arise in connection with it. • CIE’s management uses recurrently and in a consistent way during business management certain Alternative Performance Measures, APM which include terms about results, balance sheet and cash flow. CIE understands that those APMs are helpful to explain its activity evolution, so they are presented, defined and reconciled with financial statements in this presentation’s Appendix. DISCLAIMER
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3 CEO’S STATEMENT
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4 Dear all, Financial year closing once again highlights CIE Automotive’s strength in operating with solidity and consistency in an increasingly demanding and rapidly changing global environment. We ended the year with the best results in our history, achieving operating margins that are sector-leading and widely recognised as a benchmark, consistently maintained at peak levels quarter after quarter. All of this was accomplished in a particularly complex context, marked by significant currency pressure, to which we responded by increasing our net profit through discipline, rigor, and operational excellence. We have fully met all the objectives and commitments set out in our 2021– 2025 Strategic Plan, once again validating the power of our industrial model and our strong execution capabilities. Supported by robust operating cash flow, an exceptionally solid financial position, and historically low levels of debt, we face the future from a position of strength, setting ourselves new challenges with ambition and confidence. Maintaining our focus on operational excellence and sustained value creation, we continue to progress guided by our core values of discipline, ambition, and commitment, prepared to continue growing and generating value in the long term. CEO’S STATEMENT
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5 1 DECEMBER 2025 RESULTS
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6 RONA 20.6% RETURN ON NET ASSETS DECEMBER 2024: 19.2% 1 December 2025 RESULTS HIGHLIGHTS DECEMBER 2025 >> NFD* 899.2 €m 88 €m improvement in last 12 months DECEMBER 2024: 987.5 €m PROFITABILITY 18.9% EBITDA MARGIN 13.7% EBIT MARGIN DECEMBER 2024: 18.4% and 13.6% OPERATING CASH GENERATION 506.5 €m 70.6% over EBITDA DECEMBER 2024: 463.3 €m We close 2025 with the best results in our history, achieved in highly demanding environment ➢ Management that makes a difference: operational efficiency and financial discipline under a constant focus on value creation ➢ RONA above 20%, following the demanding integration cycle of recent years, consolidating a sustained and differentiated level of profitability versus the sector ➢ We generate cash, grow rigorously and strengthen the balance sheet quarter after quarter ➢ Debt at historic lows and solid financial profile to face any scenario * Adjusted NFD data considering 50% of the Chinese JV SAMAP
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7 MARKET DATA ANNUAL PRODUCTION 1 DECEMBER 2025 RESULTS Millions of vehicles produced > Global vehicle production slightly grew in 2025, pointing to a year of stable volumes at the global market level but with uneven performance across regions: while Europe and North America decline, China, India and Brazil act as growth drivers. > In a sector with virtually flat volumes over the past decade, real growth doesn't come from the cycle, but from gaining market share. This is how CIE Automotive manages to double its revenues. Source: Vehicle Production IHS - Global Light Vehicle Market 88.8 93.1 95.1 94.2 89.0 74.6 77.2 82.3 90.5 89.6 93.0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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8 1 DECEMBER 2025 RESULTS MARKET CONTEXT The global automotive market is in a phase of DEEP STRUCTURAL TRANSITION, marked by multiple change drivers that influence both production and demand Although the industry has managed to recover some of the ground lost after the 2020 disruption, it has not yet reached the highest level on record from 2017 >> ACCELERATED ELECTRIFICATION Electrification on the rise, but with challenges in infrastructure, cost, and regulatory framework >> PRESSURE ON MARGINS Rising costs of raw materials, energy, and logistics, along with increased regulatory and technological requirements, are forcing manufacturers and suppliers to gain efficiency and invest in innovation >> GEOPOLITICAL VOLATILITY AND SUPPLY CHAIN FRAGILITY Trade tensions, supply chain uncertainty, and ongoing conflicts in various regions continue to create a volatile operating environment In such increasingly challenging environment, companies with adaptability, operational efficiency, and financial strength are the best positioned to maintain margins, generate cash, and continue investing in the future
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9 MARKET* +2.1% CIE 3.8% +1.7 p.p. Constant Exchange rate Source: Vehicle Production IHS February 2026 (12 months 2025) (% growth in units). Global Light Vehicle Market. Sales in 2025 include 0.8% inorganic growth. * Light vehicle production data weighted by geographical contributions of the CIE MIX Sales evolution 2025 vs 2024 1 DECEMBER 2025 RESULTS GLOBAL PERFORMANCE AND IN KEY GEOGRAPHIES -0.9% -0.5% 4.7% 8.3% 10.0% -0.7% 1.0% 16.7% 10.8% -1.8% Mercado CIE N.AMERICA EUROPE BRAZIL INDIA CHINA +1.6 p.p. +12.0 p.p. +1.5 p.p. +2.5 p.p. -11.8 p.p.
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10 2025 Q4 RESULTS €m Q4 2024 Q4 2025 Turnover 948.0 984.3 EBITDA 168.7 182.6 % EBITDA / turnover 17.8% 18.6% EBIT 119.1 123.7 % EBIT / turnover 12.6% 12.6% EBT 101.0 113.0 Net income 66.9 69.5 > The results of the final quarter consolidate the solid margin performance, despite an adverse foreign exchange environment that has temporarily affected reported figures. This ability to adapt operationally, together with excellence in execution, reaffirms the strength of our operations and our rigorous management control across all geographies. 1 DECEMBER 2025 RESULTS
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11 2025 DECEMBER RESULTS > Record results, driven by exceptional operating margins, well above industry standards, and the result of a sustained focus on efficiency and cost control. All this despite a negative currency impact of over 27 €m on EBITDA, further reinforcing the solidity of the business model. 1 DECEMBER 2025 RESULTS €m DECEMBER 2024 DECEMBER 2025 Turnover 3,960.6 3,958.3 EBITDA 727.9 746.2 % EBITDA / turnover 18.4% 18.9% EBIT 538.4 542.9 % EBIT / turnover 13.6% 13.7% EBT 462.6 490.2 Net income 325.7 335.8
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12 3,958.3 €m 746.2 €m TURNOVER BY GEOGRAPHY EBITDA BY GEOGRAPHY Geographical diversification: homogeneous and solid contribution Data in €m GEOGRAPHICAL BALANCE 1 DECEMBER 2025 RESULTS CHINA 267.3 6.7% BRAZIL 433.2 10.9% INDIA 668.1 16.9% N.AMERICA 1,174.5 29.7% EUROPE 1,415.2 35.8% CHINA 53.0 7.1% BRAZIL 85.9 11.5% INDIA 121.5 16.3% N.AMERICA 228.5 30.6% EUROPE 257.3 34.5%
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13 N.America EBITDA 19.5% EBIT 13.7% Europe EBITDA 18.2% EBIT 12.4% Brazil EBITDA 19.8% EBIT 16.5% India EBITDA 18.2% EBIT 14.5% China EBITDA 19.8% EBIT 14.3% CIE AUTOMOTIVE - EBITDA 18.9% - EBIT 13.7% Profitability does not depend on where, but on how... GEOGRAPHIC PROFITABILITY 1 DECEMBER 2025 RESULTS > All our geographic regions operate with similar profitability levels, demonstrating that CIE Automotive’s model works with the same strength anywhere in the world.
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14 EBITDA CAGR: 6.5% CAGR: 8.7% CAGR: 9.7% CAGR: 11.0%EBIT TURNOVER NET INCOME A solid track record that we continue to build, quarter by quarter 1 DECEMBER 2025 RESULTS EVOLUTION MAKING HISTORY Data in €m. Automotive business. 118.2 335.8 0,0 100,0 200,0 300,0 400,0 500,0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 x3 2,106.5 3,958.3 0,0 500,0 1.000,0 1.500,0 2.000,0 2.500,0 3.000,0 3.500,0 4.000,0 4.500,0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 323.9 746.215.4% 15.9% 16.6% 17.5% 18.0% 15.9% 18.3% 16.5% 18.0% 18.4% 18.9% 00% 05% 10% 15% 20% 300,00 400,00 500,00 600,00 700,00 800,00 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 %EBITDA/Turnover 215.1 542.910.2% 10.9% 11.9% 13.2% 13.1% 10.7% 13.0% 11.6% 13.3% 13.6% 13.7% 0,0% 2,0% 4,0% 6,0% 8,0% 10,0% 12,0% 14,0% 180,0 280,0 380,0 480,0 580,0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 %EBIT/Turnover
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15 2 DECEMBER 2025 BALANCE SHEET
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16 €m DECEMBER 2024 DECEMBER 2025 Fixed assets 3,683.9 3,564.3 Net Working Capital (473.8) (490.2) TOTAL NET ASSETS 3,210.1 3,074.1 Equity 1,913.9 1,847.7 Net Financial Debt 1,005.1 912.8 Others (net) 291.1 313.6 TOTAL NET LIABILITIES 3,210.1 3,074.1 Non-recourse factoring 330.9 314.7 2 DECEMBER 2025 BALANCE SHEET > We continue to strengthen our balance sheet with stable progress and a disciplined approach to capital management.
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17 €m EBITDA 746.2 Financial expenses (40.6) Maintenance Capex (67.0) Tax Payments (103.2) IFRS16 Leases(1) (28.9) OPERATING CASH FLOW 506.5 % EBITDA(2) Growing Capex (135.2) Net Working Capital Variation 19.3 Other movements (78.4) CASH FLOW 312.2 Business combinations and previous acquisitions payments (3) (67.9) Payment of dividends and treasury shares transactions (152.0) NFD VARIATION 92.3 70.6% >> Financial Debt €m 31/12/2024 31/12/2025 NFD 1,005.1 912.8 Adjusted NFD(*) 987.5 899.2 DFN/EBITDA(*) 1.34X 1.18X (1) Payment of rental fees registered in EBITDA according to the application of IFRS 16 standard (2) Operating Cash Flow on the value of EBITDA corrected with the effect of IFRS 16 standard (3) Cash flow related to inorganic growth (*) Adjusted NFD and EBITDA data considering 50% of the Chinese JV SAMAP > Net financial debt has fallen to its lowest level in the past six years, dropping below 900 €m after the 2019 acquisition cycle. DECEMBER 2025 CASH FLOW 2 DECEMBER 2025 BALANCE SHEET 1,211.5 1,102.4 1,005.1 912.8 d e c- 24 d e c- 25 2,216.6 Net financial debt Cash Gross financial debt 2,015.2 -92.3 €m
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18 Operating cash generated (€m) 2 DECEMBER 2025 BALANCE SHEET > 2,200 €m in operating cash generated over the 5-year period, strengthening our capacity for investment, deleveraging, and value creation. Total generation Strategic Plan 2021-2025: ≈2,200 €m % Operating cash/EBITDA 2021-2025: >65% STRONG FOCUS ON CASH GENERATION 239.0 367.0 402.8 447.4 463.3 506.5 59.0% 66.7% 66.1% 65.0% 66.1% 70.6% 10,0% 20,0% 30,0% 40,0% 50,0% 60,0% 70,0% 0,0 100,0 200,0 300,0 400,0 500,0 600,0 2020 2021 2022 2023 2024 2025
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19 1,594.9 1,394.9 1,289.8 1,134.7 1,005.1 912.8 2020 2021 2022 2023 2024 2025 1.18X 3.59X 1.60 0.49 50% -200.0 -105.1 -155.1 1.98X 0.86 2.37X 1.02 -129.6 1.56X 0.68 1.34X 0.53 1,497 1,528 1,554 1,733 1,791 1,852 -92.3 -682.1 €m -43% 35% 51% 55% 49%50% % GFD at fixed interest rate(**) NFD (€m) NFD/Equity NFD/EBITDA(*) Liquidity (€m) (*) Adjusted NFD and EBITDA data considering 50% of the Chinese JV SAMAP (**) Gross financial debt (GFD) at fixed interest rate STRENGTHENING OUR FINANCIAL POSITION 2 DECEMBER 2025 BALANCE SHEET
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20 >> Shareholder Remuneration (€m) Total Remuneration Strategic Plan 2021-2025: ≈ 550 €m * Includes 57.1 €m of share buyback in 2022 and 27.4 €m in 2025 2 DECEMBER 2025 BALANCE SHEET COMMITMENT TO SHAREHOLDERS >> Voluntary Partial Public Tender Offer 2025 * General context • Announcement date: March 20, 2025 • Consideration: in cash • Maximum amount: 278.2 €m • Price per share: €24.00 •Final acceptance: 9.82% > Constant commitment to value creation for shareholders, even in complex environments. Transparent and fair liquidity opportunity Promotion of stock market stability and continuity Strengthening confidence in the company's value >> >> >> The low level of tender offer acceptance supports shareholders confidence in CIE Automotive’s growth potential *Approved by the General Shareholders' Meeting on May 7, 2025, and authorized by the National Securities Market Commission on June 13, 2025. 61.3 87.2 99.2 107.8 109.6 2021 2022 2023 2024 2025 Dividends paid
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21 3 2025 GOALS
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22 3 2025 GOALS Following the monitoring of the 79 KPIs during the ESG 2025 Plan, we validate the implemented system and reaffirm our commitments to sustainability Desp4 Target: -2% annual Actual 2021-2025: -18.710% Target 2025: 87.5% Actual 2025: 81.9% Target 2025: >50% GFD & >70% NFD Actual 2025: 68% GFD and 100% NFD Target: -3% annual Actual 2021-2025: -41.98% Target 2025: 100% certified factories Actual 2025: 100% Desp4 Target 2025: >70% Actual 2025: 77% Emissions T CO2e/k€ Energy consumption kWh/k€ Waste management % waste for recycling Health & Safety ISO 45001 Supply chain % local purchases Sustainable borrowings ESG COMMITMENTS COMPLIANCE * Includes all group plants except those acquired or developed after 2020, the publication date of our ASG 2025 Strategic Plan
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23 1 2 3 4 5 ✓Goal achieved, despite the impact of inflation on our cost base ✓Goal achieved, having invested an average of ≈5% of sales in these 5 years ✓Goal achieved, having paid corporate income tax ≈2% of sales in these period ✓Goal achieved, having generated >500€m of operating cash in 2025 ✓Goal achieved, thanks to strong organic growth in all geographies GUIDANCE 2025 Revenue growth ≈20 percentage points above market growth over the five-year period An EBITDA over turnover margin exceeding 19% in 2025 CAPEX ≈ €1 billion over the five-year period, ≈5% of revenue Annual income tax payment ≈2% of revenue Sustained generation of cash from operations equivalent to ≈65% of EBITDA, implying ≈500 €m starting in 2025 COMPLIANCE 2021-2025 25 p.p. Out performance 18.9% EBITDA 1,058 €m 2.2%(*) 2021-2025 average 66.9% 2021-2025 average 3 2025 GOALS OPERATIONAL COMMITMENTS COMPLIANCE (*) 2.1% average after removing the WHT corresponding to the extraordinary dividends distributed from China in 2024-25
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24 3 2025 GOALS The solid and consistent execution of the Plan since 2021, validated quarter after quarter by our results, allows us to close 2025 having fulfilled all of our established commitments and to conclude the 2021-2025 Plan in a fully satisfactory manner. This achievement puts us in a strong position to face the next stage, with the confidence and visibility necessary to define new Guidance for the 2026-2027 period, aligned with our capabilities, the environment, and the creation of sustainable value. FULFILLMENT OF COMMITMENTS 2021-2025
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25 1 TURNOVER Low-mid single-digit outperformance at constant currency NEW REMUNERATION POLICY 42% pay-out in 2026 50% pay-out in 2027 2 MARGINS Maintain the excellence of operating margins achieved in 2025 3 ESG 4 CASH GENERATION 65% EBITDA conversion in F.C.O. 5 ENDEUDAMIENTO Continuing with a payout of 33%, DFN/EBITDA would be <0.7x at the end of 2027. INORGANIC GROWTH Focused on the integration of new companies 100% of plants trained in Code of Conduct Focus on attracting and retaining talent Short-to-medium-term targets validated by SBTi and net-zero by 2050 >1,000 €m F.C.O cumulative 2026-2027 GUIDANCE 2026-2027 PERIMETER DECEMBER 31, 2025
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26 GUIDANCE 2026-2027 PERIMETER DECEMBER 31, 2025 1 TURNOVER Low-mid single-digit outperformance at constant currency 2 MARGINS Maintain the excellence of operating margins achieved in 2025 3 CASH GENERATION 5 GOVERNANCE NFD/EBITDA <0.7x At the end of 2027 >1,000 €m F.C.O cumulative 2026-2027. 4 DEBT Training for 100% of our plants in our Professional Code of Conduct 42% Pay-out in 2026 50% Pay-out in 2027 NEW REMUNERATION POLICY WE FOCUS ON INORGANIC GROWTH 65% EBITDA conversion in F.C.O.
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27 4 CIE IN STOCK EXCHANGE
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28 SHARE PRICE PERFORMANCE CIE AUTOMOTIVE 4 CIE IN STOCK EXCHANGE IBEX 35CIE Automotive STOXX Europe 600 Automobiles & Parts (1) ➢ In a complex macroeconomic, geopolitical and sector environment, CIE Automotive continues to deliver excellent results, confirming its resilience and consolidating its position as one of the most profitable companies in the industry. ➢ In this last quarter of 2025, CIE Automotive has maintained these excellent results, in line with previous quarters and has brought the 2021-2025 Strategic Plan to an end, having meeting each and every one of the objectives set. ➢ At the end of 2025, the share price has reflected our strong performance and stood at €29.8 compared to €25.4 at the end of 2024, representing a +17% revaluation during the year, significantly better than the sector (-5% for the STOXX Europe 600 Automobiles & Parts index). ➢ Nevertheless, the decoupling between the share price performance and the company’s solid fundamentals remains evident. Analysts support this view, with an average target price above €33, well above the current share price. -60% -40% -20% 0% 20% 40% 60% 80% (1) STOXX Europe 600 Automobiles & Parts includes: OEMS: BMW ST, Mercedes Benz Group, Ferrari NV, Stellantis, Porsche, Renault & Volkswagen. SUPPLIERS: Forvia, Michelin, Continental, Nokian, OPmobility, Rheinmetall, Valeo
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29 5 CLOSING REMARKS
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30 Exceptional results in a challenging environment Balanced profitability at a global level Operating cash driving value creation Robust balance sheet with continuous improvement >> >> >> >> Strong commitment to shareholders>> DECEMBER 2025 CLOSING REMARKS 5 CLOSING REMARKS Following the full implementation of the 2021-2025 Plan, the Company is embarking on a new phase from a position of strength and visibility. 2026-2027 Guidance reflects a realistic roadmap aligned with the long-term strategy for creating sustainable value.
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31 APPENDIX
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32 PERFORMANCE MEASURE DEFINITION EBITDA Net Operating Income + Depreciation Adjusted EBITDA Annualized EBITDA of 12 last months including 50% of the EBITDA of Chinese JV SAMAP which, based on the current agreements with the partner, is consolidated by the equity method EBIT Net Operating Income EBT Earnings before taxes Net Income Recurrent profit attributable to the company’s shareholders Net Financial Debt (NFD) Debt with banks and other financial institutions – Cash and equivalents – Other Financial Assets Adjusted Net Financial Debt Net Financial Debt including 50% of Chinese JV SAMAP net financial debt, consolidated by the equity method as per the current partner agreements reached Gross Financial Debt (GFD) Debt with banks and other financial institutions Operating Cash Flow EBITDA – IFRS16 Leases - Maintenance Capex – Financial expenses paid - Tax payments Cash Flow Operating Cash Flow – Growing Capex - Net Working Capital Variation - Other movements (including the forex effect in NFD) Cash Cash and equivalents including Other Financial Assets Liquidity Cash and undrawn credit lines and loans RONA “Return on Net Assets” EBIT Last annualized 12 Months/ Net Assets (Fixed Assets + Net Working Capital – Goodwill not associated to cash outs) APPENDIX APMs – ALTERNATIVE PERFORMANCE MEASUREMENT
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