CIE Automotive (CIE) Company Presentation summary

Company overview and business model

• Operates 109 manufacturing facilities and 10 R&D centers across 17 countries on 4 continents, with a workforce of 25,000 and a turnover of €3,961m in 2024.

• Maintains a balanced geographical presence: Europe (35% turnover), North America (31%), India (17%), Brazil (10%), and China (7%).

• Business model centers on geographical balance, commercial diversification, multi-technology, investment discipline, decentralized management, and ESG integration.

• Offers a wide range of technologies including metal stamping, forging, machining, plastics, aluminum die casting, and roof systems, serving both OEMs and Tier 1 suppliers.

• 80% of sales are not ICE-specific, with 27% of 2024 sales related to electrified vehicles (XEV), outpacing market electrification rates.

Financial performance and shareholder returns

• Achieved record Q1 2025 net income of €94.1m (+1.2% YoY), with EBITDA margin at 19.0% and EBIT margin at 14.4%.

• Operating cash flow in Q1 2025 reached €126.1m, representing 68.3% of EBITDA.

• Net financial debt reduced to €988.7m, the lowest in six years, with NFD/EBITDA at 1.33x.

• Shareholder remuneration for 2021–2025 estimated at over €520m, including dividends and share buybacks.

• Maintains a pay-out policy of 33% and has implemented capital reductions and dividend in kind in recent years.

Strategic progress and operational discipline

• Outperformed the global automotive market by +0.4 percentage points in Q1 2025, despite a challenging sector environment.

• Sustained growth with a CAGR (2002–2024) of 10% in turnover, 13% in EBITDA, and 17% in EBIT.

• Investment discipline ensures capex between 2–3% of sales, with investments requiring ≥20% ROI.

• Decentralized management structure enables fast decision-making and local empowerment.

• Strategic 2025 goals include internationalization, electrification, operational excellence, and ESG leadership.