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Continental AG: Strategy & Future Trends Manfred Wennemer, Chairman of the Executive Board ANE Congress Prague June 27, 2007 Continental Corporation 2006 Sales € 14.9 billion EBIT* € 1,601.9 million Net income attributable to the € 981.9 million shareholders of the parent Employees 85,224 *Earnings before interest and taxes Executive Board 2 / Manfred Wennemer / 2007-07-02 © Continental AG Continental Corporation 2006 Approx. €800 million spent on acquisitions €630 million transferred to contractual trust arrangement Approx. €800 million invested Innovative strength further reinforced with some €680 million for research and development Executive Board 3 / Manfred Wennemer / 2007-07-02 © Continental AG Continental Maintains Successful Long-Term Strategy Sales in € millions EBITA in € millions 1600 16000 1400 14000 1,601.9 1,507.1 12000 14,887.0 1200 x 2,60 13,837.2 x 4,98 10000 1000 8000 800 6000 600 4000 5,719.4 400 5,333.1 2000 200 321.7 269.3 0 0 1996* 1997* 2005** 2006** 1996* 1997* 2005** 2006** * HGB (German Commercial Code) **IFRS Executive Board 4 / Manfred Wennemer / 2007-07-02 © Continental AG Continental Strategy – Unique Constellation of Continental Focus Products Role Automotive Systems One of the two leaders ESC / ACC worldwide Interface TPMS / DDS+ Transponder Leading into „Fahrverhalten“„Fahrverhalten“ Active Vibration Control new markets Air Springs Hybrid Telematics Tires ContiTech Leader High Performance Tires 5 of 7 business units are „where it counts“ Winter Tires the leaders in Europe Leadership in ‘Fahrverhalten’ Executive Board 5 / Manfred Wennemer / 2007-07-02 © Continental AG Our Vision We make individual mobility safer and more comfortable Performance is our passion Creating value is our driving force Executive Board 6 / Manfred Wennemer / 2007-07-02 © Continental AG Traffic Fatalities & Number of Passenger Vehicles in Germany 25 50 20 40 15 30 talities in Thousands Safety belt 10 20 ABS Airbag ESC 5 10 Number of Traffic Fa Number of Passenger Vehicles in Millions in Number of Passenger Vehicles 0 0 1995 1970 1980 1985 1975 1990* 2000 2005 1955 1960 1965 1953 * from 1990 incl. new countries; Source: Destatis, KBA Executive Board 7 / Manfred Wennemer / 2007-07-02 © Continental AG Electronic Stability Control (ESC) Installation Rates 100% North ESC installation rate America 90% of pass. light vehicles being produced in the region 80% 70% 60% Europe 50% Japan 40% 30% 20% NHTSA rule making 10% 0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Executive Board 8 / Manfred Wennemer / 2007-07-02 © Continental AG APIA – Active Passive Integration Approach Car-to-Car/ = Automotive Systems current safety competence Car-to-Infrastructure = Motorola’s Automotive Electronics Business current Communication telematics competence Enhanced Collision = New Automotive Systems additional safety competence Avoidance Remote Door Unlock Car-to-car Stolen Vehicle Track Compatibility Traffic Information Adjustments Navigation Car-to-Car Communication Hands-Free Phoning Man-Machine- Mobile Device Interface Crash Type Data Enhanced Accommodation Adaptation (Rollover) Emergency Rescue Remote Maintenance Comfort Electronics Brake Assistance Electronic Control E-Call Electronic Brake System Crash Preparation Units and Sensors Emergency Rescue Global Chassis Control for Airbags Roadside Assistance Active Safety Crash Passive Safety Normal Driving Pre-Crash In-Crash Post-Crash Executive Board 9 / Manfred Wennemer / 2007-07-02 © Continental AG Telematics Consumer Infotainment Outside World Portable Devices GPS Location Info Networking OTA programming Nav map, Info, Traffic 2 way Communications Cell, DSRC, Mesh Continental Innovation Passive Safety Components Active Safety Components eCall Radar Airbag Camera Sensor Assy. Seatbelt Pre-tensioning Stability Control Cluster, F/R Lane Change Warning Force Feedback Blind Spot Detection Pedal Executive Board 10 / Manfred Wennemer / 2007-07-02 © Continental AG APIA Telematics - Car2X Communication Continental is working with the Car 2 Car Communication Consortium for standardization www.car-to-car.org Executive Board 11 / Manfred Wennemer / 2007-07-02 © Continental AG Continental Contributions Reduction of CO2 emission Saving Resources Driving pleasure by improved dynamics Executive Board 12 / Manfred Wennemer / 2007-07-02 © Continental AG Process Improvements (Per Ton Finished Goods) 100% 100% 100% 100% 100% 80% 72,2% 71,8% 69,4% 60% 60,7% 40% 20% 0% Energy Consumption Water Consumption Waste Production CO2 Emissions 2001 2005 Executive Board 13 / Manfred Wennemer / 2007-07-02 © Continental AG EU CO2 Emission Target for 2012 163 g/km* Motor Technologies: Powertrain - 33 g/km Hybrid Drives Chassis Low Drag 130 g/km - 10 g/km Others: Telematics Tire Pressure Monitoring Tire Roll Resistance Bio Fuel blending 120 g/km** * average for new cars sold today, according to NEDC ** EU commission target proposal EurActiv Feb. 2nd, 2007 Executive Board 14 / Manfred Wennemer / 2007-07-02 © Continental AG Continental Innovations Reduce CO2 Emissions by 4-5% + Hybrid Powertrain CO2 Reduction by Hybrid drive incl. respective components Exhaust gas after treatment (hoses) Timing belt in oil for chain substitution (Conti Oil Runner) Brake System CO2 Reduction by Reduced weight of brake calipers, brake discs, brake actuations, ESC units Regenerative brake system (part of hybrid) Reduction / elimination of residual brake torque Tires CO2 Reduction by Reduction of weight and rolling resistance Tire pressure monitoring systems (TPMS, DDS etc.) Miscellaneous CO2 Reduction by Optimized traffic flow through telematics, ACC etc. Power-on-demand units (e.g. electric vacuum pump) Permeation-free hoses for passenger car A/C systems Executive Board 15 / Manfred Wennemer / 2007-07-02 © Continental AG Hybrid Components & Parallel Hybrid Systems - System Approach Hybrid Hybrid Hybrid Hybrid Components Module Transmission System Electric motor Power electronics functions Regenerative Clutches, Torsion dampers functions brake functions Transmission functions Energy storage system functions Engine control unit Executive Board 16 / Manfred Wennemer / 2007-07-02 © Continental AG Production of all Automobile Manufacturers in mill. units 30 Focus: Growing Region Asia ASIA 25 20 Western Europe 15 Nafta 10 Germany Focus: 5 Growing Region Eastern Europe Eastern Europe 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Global Insight Executive Board 17 / Manfred Wennemer / 2007-07-02 © Continental AG in Mill. 30 Focus: Growing Region Asia ASIA 25 20 ConclusionConclusion:: Western Europe 15 Nafta 10 ConsistentConsistent DevelopmentDevelopment Germany Focus: 5 inin AsiaAsia andand EasternEastern EuropeEuropeGrowing Region Eastern Europe Eastern Europe 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Global Insight Executive Board 18 / Manfred Wennemer / 2007-07-02 © Continental AG Definition of ‚Low Cost Car‘ Germany: VW Fox Eastern Europe: China: Cherry QQ Dacia Logan €10,000 Low Cost Car Mature Market India: Maruti 800 €5,000 Low Cost Car Emerging Market €3000 India: Tata (SOP 2008) Western Japan Eastern China India Europe Europe Executive Board 19 / Manfred Wennemer / 2007-07-02 © Continental AG Global Light Vehicle Production Light Vehicle Production (in mill. units) 40 2007 2017 35 Low Cost Cars < 10.000 € 30 25 20 15 10 5 Asia Eastern Western North South Asia Eastern Western North South Europe Europe America America Europe Europe America America Source: Global Insight 03/2007 Executive Board 20 / Manfred Wennemer / 2007-07-02 © Continental AG Objective 2007 5%5% GrowthGrowth withoutwithout acquisitions acquisitions Executive Board 21 / Manfred Wennemer / 2007-07-02 © Continental AG Production in Eastern Europe Czech Republic: Otrokovice, Partizanske, Jicin (6,267 employees) Slovakia: Puchov, Zvolen (1,802 employees) Romania: Timisoara (50th million tires), Sibiu (5th million control units), Carei (2,754 employees) Hungary: Budapest, Veszprem, Vac, Mako, Nyiregyhaza, Szeged (4,343 employees) Executive Board 22 / Manfred Wennemer / 2007-07-02 © Continental AG Production in Asia China: Lianyungang, Shanghai, Chanchun, Changzhi, Ningbo, Ninghai, Tianjin, Zhangiiagang (3,051 employees) Japan: Yokohama, Monbetsu, Asahi, Hamakita, Hiroshima (866 employees) Malaysia: Petaling, Alor Setar, Kulim (3,034 employees) India: Calcutta, Delhi, Bangalore (928 employees) Korea: Seoul, Busan (267 employees) Philippines: Manila, Calamba (1,488 employees) Taiwan: Tainan (15 employees) Executive Board 23 / Manfred Wennemer / 2007-07-02 © Continental AG Acquisitions in the Past Months Acquisition Focus 51% of Matador Rubber Group Eastern Europe Automotive electronics business from Motorola North America Roulunds Rubber Group Asia VTI Technologies Asia, North America Executive Board 24 / Manfred Wennemer / 2007-07-02 © Continental AG ‘Cost Consciousness’ – Production in Low-Cost Countries Europe Rest of World 66% 65% 55% 61% 52%52% 54% 56% 52% 45% 44% 41% 39% 36% 29% 26% 22%23% 18% 17% 17%18% 15% 11% Automotive PLT** CVT** ContiTech* Automotive PLT** CVT** ContiTech* Systems* Systems* 2004 2005 2006 PLT = Passenger and Light Truck Tires * Based on sales CVT= Commercial Vehicle Tires ** Based on units Executive Board 25 / Manfred Wennemer / 2007-07-02 © Continental AG Outlook 2007 We expect 2007 to see an increase in consolidated sales of at least 5%. a further improvement in the operating result. a positive free cash flow – before potential acquisitions. In 2007 we intend to spend approximately 4.6% of sales on research and development. to invest approximately 6% of sales. to achieve a better balance sheet structure (acquisitions, organic growth, higher dividend). Executive Board 26 / Manfred Wennemer / 2007-07-02 © Continental AG Executive Board 27 / Manfred Wennemer / 2007-07-02 © Continental AG.