Annual Report 2009 Ideas Unite. Continental Aktiengesellschaft, P.O. Box 169, 30001 Hanover, Germany Vahrenwalder Straße 9, 30165 Hanover, Germany Phone +49 511 938 - 01, Fax +49 511 938 - 8 17 70, [email protected], www.continental-corporation.com Continental AG is an Official Sponsor of the 2010 FIFA World Cup South Africa™. Continental AG Annual Report 2009 conti_gb09_E_umschlag fBl.indd 1 12.03.10 10:28 The whole is greater than the sum of its parts. This principle has existed since ancient times and still applies today. We follow this principle, linking our success elements in a wide variety of ways. Take our divisions, for example. Each and every one of them is a strong, inno­vative and extremely productive unit on its own. But only when they are put together as a high-performance team do they make up Continental, and thus one of the world’s leading partners to the automotive and other key industries. This is made possible by cross-divisional exchange of knowledge, networked cooperation, and a focus on our shared vision of making individual mobility safer, more comfortable and more forward- looking in the interest of sustainability. Continental Corporation Continental’s Core Business Areas in € millions 2009 2008 Δ in % Automotive Group Sales 20,095.7 24,238.7 -17.1 EBITDA 1,591.2 2,771.4 -42.6 in € millions 2009 2008 Δ in % in % of sales 7.9 11.4 Sales 12,042.4 14,900.0 -19.2 EBIT -1,040.4 -296.2 -251.2 EBITDA 608.9 1,428.8 -57.4 in % of sales -5.2 -1.2 in % of sales 5.1 9.6 Net income attributable to the shareholders of the parent -1,649.2 -1,123.5 -46.8 EBIT -1,561.6 -1,205.8 -29.5 Earnings per share (in €) -9.76 -6.84 -42.7 in % of sales -13.0 -8.1 Adjusted sales1 19,986.8 23,784.7 -16.0 Adjusted sales1 11,996.5 14,480.2 -17.2 2 2 Adjusted operating result (adjusted EBIT) 1,165.8 1,747.0 -33.3 Adjusted operating result (adjusted EBIT) 192.0 824.6 -76.7 in % of adjusted sales 5.8 7.3 in % of adjusted sales 1.6 5.7 1 Before changes in the scope of consolidation. Free cash flow 1,640.3 628.5 161.0 2 Before amortization of intangible assets from PPA, changes in the scope of consolidation, and special effects. Net indebtedness 8,895.5 10,483.5 -15.1 Gearing ratio in % 219.0 189.6 Rubber Group Total equity 4,061.7 5,529.9 -26.6 in € millions 2009 2008 Δ in % Equity ratio in % 17.6 22.4 Sales 8,068.3 9,353.9 -13.7 EBITDA 1,114.5 1,415.9 -21.3 Number of employees at the end of the year3 134,434 139,155 -3.4 in % of sales 13.8 15.1 EBIT 655.7 984.9 -33.4 Dividend in € — — in % of sales 8.1 10.5 Share price (high) in € 42.82 86.62 Share price (low) in € 11.35 27.00 1 Adjusted sales 8,005.3 9,319.7 -14.1 1 Before changes in the scope of consolidation. Adjusted operating result (adjusted EBIT)2 1,035.5 997.7 3.8 2 Before amortization of intangible assets from purchase price allocation (PPA), in % of adjusted sales 12.9 10.7 changes in the scope of consolidation, and special effects. 1 Before changes in the scope of consolidation. 3 Excluding trainees. 2 Before amortization of intangible assets from PPA, changes in the scope of consolidation, and special effects. Contact Data Acknowledgements This Annual Report is also published in German. The Published by: financial statements of Continental Aktiengesellschaft are Continental Aktiengesellschaft, Hanover, Germany also available in English and German. Corporate Communications If you wish to receive copies of any of these reports, Concept and Design: please contact: brunsmiteisenberg werbeagentur, Hanover, Germany Continental AG, Corporate Communications Printing and Processing: P.O. Box 169, 30001 Hanover, Germany BWH GmbH, Hanover, Germany Phone: +49 511 938-1146, Fax: +49 511 938-1055 E-mail: [email protected] printed climate- neutrally The Annual Report and the interim reports are available Logo Climate Partner on the Internet at: www.continental-corporation.com conti_gb09_E_umschlag fBl.indd 2 12.03.10 10:28 247 Continental Corporation Continental’s Core Business Areas in € millions 2009 2008 Δ in % Automotive Group Sales 20,095.7 24,238.7 -17.1 EBITDA 1,591.2 2,771.4 -42.6 in € millions 2009 2008 Δ in % in % of sales 7.9 11.4 Sales 12,042.4 14,900.0 -19.2 EBIT -1,040.4 -296.2 -251.2 EBITDA 608.9 1,428.8 -57.4 in % of sales -5.2 -1.2 in % of sales 5.1 9.6 Net income attributable to the shareholders of the parent -1,649.2 -1,123.5 -46.8 EBIT -1,561.6 -1,205.8 -29.5 Earnings per share (in €) -9.76 -6.84 -42.7 in % of sales -13.0 -8.1 Adjusted sales1 19,986.8 23,784.7 -16.0 Adjusted sales1 11,996.5 14,480.2 -17.2 2 2 Adjusted operating result (adjusted EBIT) 1,165.8 1,747.0 -33.3 Adjusted operating result (adjusted EBIT) 192.0 824.6 -76.7 in % of adjusted sales 5.8 7.3 in % of adjusted sales 1.6 5.7 1 Before changes in the scope of consolidation. Free cash flow 1,640.3 628.5 161.0 2 Before amortization of intangible assets from PPA, changes in the scope of consolidation, and special effects. Net indebtedness 8,895.5 10,483.5 -15.1 Gearing ratio in % 219.0 189.6 Rubber Group Total equity 4,061.7 5,529.9 -26.6 in € millions 2009 2008 Δ in % Equity ratio in % 17.6 22.4 Sales 8,068.3 9,353.9 -13.7 EBITDA 1,114.5 1,415.9 -21.3 Number of employees at the end of the year3 134,434 139,155 -3.4 in % of sales 13.8 15.1 EBIT 655.7 984.9 -33.4 Dividend in € — — in % of sales 8.1 10.5 Share price (high) in € 42.82 86.62 Share price (low) in € 11.35 27.00 1 Adjusted sales 8,005.3 9,319.7 -14.1 1 Before changes in the scope of consolidation. Adjusted operating result (adjusted EBIT)2 1,035.5 997.7 3.8 2 Before amortization of intangible assets from purchase price allocation (PPA), in % of adjusted sales 12.9 10.7 changes in the scope of consolidation, and special effects. 1 Before changes in the scope of consolidation. 3 Excluding trainees. 2 Before amortization of intangible assets from PPA, changes in the scope of consolidation, and special effects. Contact Data Acknowledgements This Annual Report is also published in German. The Published by: financial statements of Continental Aktiengesellschaft are Continental Aktiengesellschaft, Hanover, Germany also available in English and German. Corporate Communications If you wish to receive copies of any of these reports, Concept and Design: please contact: brunsmiteisenberg werbeagentur, Hanover, Germany Continental AG, Corporate Communications Printing and Processing: P.O. Box 169, 30001 Hanover, Germany BWH GmbH, Hanover, Germany Phone: +49 511 938-1146, Fax: +49 511 938-1055 E-mail: [email protected] printed climate- neutrally The Annual Report and the interim reports are available Logo Climate Partner on the Internet at: www.continental-corporation.com conti_gb09_E_umschlag fBl.indd 2 12.03.10 10:28 247 FinancialFinancial Calendar Calendar Ideas Unite. 2010 2010 Annual Report 2009 Annual FinancialAnnual Financial Press Conference Press Conference FebruaryFebruary 23 23 Analyst ConferenceAnalyst Conference FebruaryFebruary 23 23 Annual Shareholders’Annual Shareholders’ Meeting Meeting April 28 April 28 Interim ReportInterim as Report of March as of 31, March 2010 31, 2010 May 4 May 4 Half-YearHalf-Year Financial Finan Reportcial as Report of June as 30,of June 2010 30, 2010 July 29 July 29 Interim ReportInterim as Report of September as of September 30, 2010 30, 2010 NovemberNovember 3 3 2011 2011 Annual FinancialAnnual Financial Press Conference Press Conference FebruaryFebruary Analyst ConferenceAnalyst Conference FebruaryFebruary Annual Shareholders’Annual Shareholders’ Meeting Meeting April April Interim ReportInterim as Report of March as of 31, March 2011 31, 2011 April April Half-YearHalf-Year Financial Finan Reportcial as Report of June as 30,of June 2011 30, 2011 July July Interim ReportInterim as Report of September as of September 30, 2011 30, 2011 October October 246 246 conti_gb09_E_umleger fBl.indd 1 12.03.10 13:43 Dr. Elmar Degenhart, Executive Board chairman, responsible for Corporate Quality, Environment and Communications, at the Senior Executives Convention in Prague, Czech Republic. In 2009, new members joined the Executive Board, making the team complete. All together, they stand for 160 years of industrial experience and fresh ideas. The goal of the entire Continental team is to maximize the success of the company for all of its stakeholders. With that in mind, we want to substantiate and foster the faith our stakeholders have shown in us, particularly in the case of our customers. The key to our success is our high quality. To assure that quality and enhance it further, we initiated special programs in 2010. Because high quality is the basis for the growth we strive to achieve, quickly and above all profitably, and in line with the principles of sustainability. Our success is evident in the market – and that is why we give customers and quality top priority.