Commented slides Q3 and 9M 2021 Schaeffler AG earnings

COMMENTED SLIDES / CONFERENCE CALL Q3 AND 9M 2021 EARNINGS

1

PUBLIC

Company Representatives

Klaus Rosenfeld, CEO

Claus Bauer, CFO

Renata Casaro, Head of Investor Relations

Conference Call (Active) Participants

Gabriel Adler, Citi

Christoph Laskawi, Deutsche Bank

Antoine Brégeaut, Exane BNP Paribas

Akshat Kacker, JP Morgan Chase

Horst Schneider, BofA Merrill Lynch

Stephanie Vincent, JP Morgan Chase

2

PUBLIC

Renata Casaro

Thank you very much, operator. Dear investors, dear analysts, good morning from Berlin. Today, for the Q3 release of Schaeffler Group here in Berlin are present Mr Klaus Rosenfeld, the CEO of Schaeffler Group and Mr Claus Bauer, CFO of Schaeffler Group, together with the IR-Team. But, without further ado, let's start the Call. Klaus, the floor is yours.

Klaus Rosenfeld

Thank you, Renata. Ladies and Gentlemen, welcome to our Q3 conference call that I will do for the first time together with our new CFO, Claus Bauer. As you just heard, there are many Klaus'. The CEO and CFO is pretty close, as it should be. The real distinction is my name starts with a K and his name starts with a C. So, Claus with a C, would you like to quickly introduce to this round?

3

PUBLIC

Claus Bauer

Thank you, Klaus. Also, welcome from my side. You already stole my entrance here. The most important message on the first slide is that I'm written with a C. I guess in the 60s there were a lot of Klauses in Germany but, again, my distinction is with a C. I'm very happy to be sitting here with you, Klaus, for my first call.

Let me introduce myself a little bit. I think you all read it in press releases before or on this slide, but I started my professional life in tax consulting and public accounting before I came to Schaeffler in 1998. I started there to create a new tax department and tax function and afterwards headed the Corporate Accounting function, which was also implemented newly at that time, especially to implement the first international accounting for the consolidated group financials. At that time IFRS was not as developed, so at that time it was the US GAAP.

Since 2002, then, I took over as a regional CFO, first for North America and then later for North and South America when the two regions were merged. After 19 years of doing that I now finally returned home. As you hear with my accent, I am born and raised in Bavaria, where our headquarters is. So, there is still after 19 years, I was told, some Franconian accent but I hope you still understand my English. As I said, I'm very happy to be sitting here and I'm excited to participate in this first call.

4

PUBLIC

5

PUBLIC