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SMART STEEL
Investor Presentation
March 2018
1
Agenda
Company set-up and business model
Market trends
Financials
Company outlook
Takeover V.Orlandi S.p.A.
Appendix
2
Company set-up and business model 3
SAF-HOLLAND: Europe’s largest listed commercial vehicle supplier
Facts & Figures Key components and systems
• One of the leading global producers of key
Kingpins
chassis systems and components for mostly the
trailer but also the truck, bus and vocational Fifth wheels Trailer OE
~62 % of sales
vehicle industry
• 27 subsidiaries featuring 17 manufacturing sites
on six continents
• 3,500 employees
• Network of approx. 10,000 aftermarket spare
parts and service stations around the world
Truck OE
~13 % of sales
Key financials FY 2017
Suspensions
• Sales: € 1,138.9 mn for specialty
• Adjusted EBIT: € 91.2 mn trucks Landing gear
• Adjusted EBIT-margin: 8.0 % Axle and suspension systems
• EPS (undiluted): € 0.95
• Free cash flow: € 29.7 mn (67.7)
Aftermarket
• Equity ratio: 30.2 % Spare parts
~25 % of sales
4
SAF-HOLLAND: Core products
Trailer axles and Truck and bus Fifth wheels, kingpins & landing gear
suspension systems suspensions
SAF-HOLLAND offers a comprehensive product portfolio for one-stop shopping also covering the
aftermarket.
5
Key OE customers producing trucks, trailers & buses
Almost every major truck, trailer & bus OEM is a SAF-HOLLAND customer.
6
End customers using trucks & trailers
SAF-HOLLAND focuses on fleet operators (infrastructure, logistics, specialty, heavy duty, port, etc.).
7
Unique business model featuring clear growth path and strong
competitive position
1. Balanced structural and regional set-up with differing regional market trends and
replacement cycles in trucks versus trailers versus buses
2. Strong position in oligopolistic market driven by product innovation and application
engineering excellence
3. Unique selling model featuring direct access to broad end customer base
4. High share of high-margin Aftermarket business counterbalancing cycles in the
truck & trailer OEM industry
5. Structural technological growth drivers supplement market trends
6. Solid financial profile and cash generation as a foundation for financing further
growth and dividend payouts
8
1 A multinational company expanding globally
Sales regions: 90% of sales in Europe and North America
17 production sites
Turkey
Germany Düzce-Istanbul
Canada Bessenbach/Keilberg
Woodstock Bessenbach/Frauengrund
Singen United Arab Emirates
Dubai
China
Xiamen
Bautou
Australia
USA Melton
Cincinnati
Dumas
Warrenton South
Warrenton North
Wylie
Brazil India
Alvorada
South Africa Sriperambadur Taluk
Johannesburg
9
2 Strong market position in oligopolistic markets in Europe and NA
Trailer axles and Truck and bus Fifth wheels, kingpins & Aftermarket service
suspension systems suspensions landing gear points
Among Top 2 Among Top 2 Among Top 2 No. 1
Among market leaders in every product area supplemented by the largest aftermarket network
worldwide.
10 Source: L.E.K. Consulting, April 20153 Unique selling model based upon direct access to broad
end customer base
Customer feedback with regard to technical
and market requirements
Brand stands for Push Pull
superior product
performance and OEM End Customer
aftermarket
excellence
Sales Sales
Sales focusing on fleet managers
> 80% of purchasing decisions taken by the fleets
114 The most comprehensive aftermarket spare parts and service network
worldwide
Approx. 10,000 spare parts dealers and service stations • # 1 Network in Europe and North America: Key asset
in more than 80 countries guarantee spare parts for fleet customers and huge barriers to market entry
availability
• Narrows down volatility from OEM industry cycles and
generates growth based on increasing product
population in the field (“razor and blade” business
model)
• Growth potential from expanding PDC network as well
as GoldLine/Sauer Quality Parts secondary brands
Axle population in EMEAI has more than tripled
4,000,000
3,000,000
2,000,000
North America Europe RoW 1,000,000
60% 36% 4%
0
2003 2005 2007 2009 2011 2013 2015
125a Structural growth drivers in North American markets
From basic axle to fully dressed Trend towards disc brake technology
15 years of experience in disc brake
More and more customers order fully technology integration in Europe
dressed axle and suspension systems Safe, efficient and durable technology
Content per trailer increases significanly
Higher value sold-in & AM potential
135b China legislation opens new doors
GB 1589 “overload ban“ legislation New car carrier law
强制性国家标准《汽车、挂车及汽车列车外廓尺寸、
轴荷及质量限值》(GB 1589－2016) 正式发布实施
As of Jan 2017 From overload to at least 20% undercapacity
No vehicles heavier than 49 tons allowed Regulates overall truck-trailer dimensions in
Light weight products become a noticeable China and eliminates car transporters with
selling proposition double rows until June 2018
Premium segment expanding significantly Maximum length limit for truck and trailer
combinations in phase 2
145b China legislation opens new doors
GB 7258 legislation Hazardous goods transporters
Disc brake technology mandatory for all Many OEM start manufacture of vehicles
wheels of trailers and trucks complying with new standards before formal
as of January 1, 2019 implementation
Air suspension mandatory for trailers and 10 to 15% of trailer market affected
truck rear axles
as of January 1, 2020 Opportunities also in truck and bus air
suspensions
Legislation extends to sidewall and fence
trailers
156 Strong FCF generation allows for consistent dividend payments
Free cash flow pre-dividend and pre-M&A Dividend payments
in € mn in € per share
80 0.60
70 67.7
0.44 0.45*
60
0.40
0.40
50
0.32
40 35.0 0.27
30.8 29.7
30
0.20
20
11.3
10
0 0.00
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
* To be proposed at Annual General Meeting 2018
Sustained strong cash returns (cash conversion at 81%) providing for 2.5 to 3.2 % dividend yields in recent
years; SAF-HOLLAND dividend policy in general is to distribute 40 to 50 % of available net earnings.
16 Market trends 17
Market trend 2017 and forecast 2018
Global trailer forecast in thousand Change Change Change Share in group
2014 2015 2016 in % yoy 2017 in % yoy 2018 in % yoy sales FY17*
ACT Trailer Shipm.1) 296 334 313 -6.4 316 +1.0 332 +5.1
North America approx. 20 %
FTR Trailer Build2) 292 331 309 -6.6 314 +2.0 319 +1.6
Change Change Change Share in group
2014 2015 2016 in % yoy 2017 in % yoy 2018 in % yoy sales FY17**
Western & 286 -5.0
Trailer Production4) 261 279 301 +7.8 301 0.0 approx. 40 %
Eastern Europe
Global truck forecast in thousand Change Change Change Share in group
2014 2015 2016 in % yoy 2017 in % yoy 2018 in % yoy sales FY17*
North America ACT Truck Build1) 297 323 228 -29.4 256 +12.0 324 +26.6
approx. 11 %
Class 8 FTR Truck Shipment2) 295 320 227 -29.1 250 +9.5 315 +26.0
Change Change Change Share in group
2014 2015 2016 in % yoy 2017 in % yoy 2018 in % yoy sales FY17**
Western, Central
LMC3) 403 427 445 +4.3 470 +5.5 490 +4.3 approx. 4 %
& East. Europe
End of 2016 NA class-8 truck production was projected to decrease by around 8% and trailer to fall by 14%;
Instead both segments successively picked up in 2017. For 2018 NA class-8 truck and trailer production are
projected up, European trailer market to consolidate at a high level
18 Sources: 1) ACT N.A. Commercial Vehicle Outlook, Feb. 2018, published monthly by Americas Commercial Transportation Research Co., LLC, Columbus, Indiana.
2) North American Commercial Truck & Trailer Outlook, Feb. 2018, published monthly by FTR Associates, Nashville, Indiana.
3) LMC/Global Commercial Vehicle Forecast Q3 2017
4) CLEAR Nov. 2017, Western Europe, Eastern Europe (incl. RU, TR)
* Figure relates to OE business of the Americas region; not only North America
** Figure relates to OE business of the EMEA/I region; not only Western & Eastern EuropePersistent increase in global trailer axle market until 2025
Global trailer axle market volume
in thousands
5,000
4,549
4,349 40
4,153 40
4,000 3,782 3,964 39
3,610 38
3,449 37
3,302 36 2,063
3,167 35
34 1,946
1,833
3,000 33 1,725
1,623
1,528
1,361 1,440
1,292
2,000 1,083
1,028 1,056
974 1,001
922 948
875 898
254 272 291
1,000 206 221 237
169 180 193
859 892 927 963 999 1,035 1,072
798 827
0
2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f 2025f
North America Latin America Europe APAC MEA
Source: Persistence Market Research, Global Trailer Axle Market, December 2017
19 Financials 20
Key financial figures: Group sales, adj. EBIT and -margin (2010 to 2017)
Sales in € mn Adj. EBIT in € mn and adj. EBIT-margin in %
1250 120
1,138.9 14%
1,060.71,042.0
959.7 100 94.0 91.2
1000 90.4 12%
831.3 859.6 857.0
80 8.9 % 8.7 % 10%
70.7
750 8.0%
631.0 58.0 58.2 59.3 8%
60
7.4 %
500 7.0 % 6.8 % 6.9 % 6%
40 37.1
5.9 % 4%
250
20
2%
0 0 0%
2010 2011 2012 2013 2014 2015 2016 2017 2010 2011 2012 2013 2014 2015 2016 2017
Solid sales and adj. EBIT increase in the past 7 years; CAGR sales +9 % and adj. EBIT +14%;
adj. EBIT-margin improvement from 5.9% in 2010 to 8.0% in 2017.
21Group sales and adjusted EBIT by quarter
Sales in € mn Adj. EBIT in € mn
400 35
14%
350 30
26.9 26.3 26.7 12%
300.3
300 287.7 287.3 25.1
271.0 273.7 277.1 274.2 25 24.1
258.8 259.9 255.8 252.6 22.6 22.7
21.6 10%
243.2 20.4 20.9
250 19.8
20 9.4 % 9.3 % 9.6 % 18.5
8.7 % 8.9 % 8%
200 8.3 % 8.4 % 8.7 %
8.4 % 7.8 %
7.5 %
15
6.7% 6%
150
10 4%
100
50 5 2%
0 0 0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2015 2016 2017 2015 2016 2017
In the fourth quarter of 2017, organic sales momentum versus the previous quarter (Q3 2017: 9.6%)
accelerated again with reported sales increasing 8.6% to EUR 274.2 million (py: EUR 252.6 million). Adj. EBIT
margin in Q4 2017 was 6.7% (py: 7.8%).
22US plant consolidation from 7 to 5 sites – where do we stand?
Maine
Washington
North Vermont
Montana Dakota
New
Hampshire
New
Oregon Minnesota Wisconsin York Massachusetts
Michigan
South ConnecticutRhode
Dakota
Idaho
Muskegon Island
Wyoming
Holland Pennsylvania New
Jersey
Iowa
Nebraska
Illinois Cincinnati Maryland Delaware
Nevada Ohio West
Indiana
Missouri Virginia
Utah Virginia
California
Colorado Warrenton North Kentucky
Warrenton
Kansas
South North
Carolina
Tennessee
Arkansas South
Oklahoma Carolina
New
Arizona Mexico
Georgia
Alabama
Wylie Dumas Mississippi
Texas
Louisiana
Florida
SAF-HOLLAND production locations
Transition of production to plant
FY 2017 € 10.9 mn restructuring charges (adjusted for) plus additional € 10.3 mn in operating cost caused by
significantly higher personnel and employee involvement cost, expedited freight and production inefficiencies;
Expected annual savings after completion approx. USD 5.0 mn.
23Share of group sales by channel and region in 2017
8.6 %
(py: 6.8%)
24.4 %
53.7%
(py: 25.9 %)
(py: 54.6%)
37.7%
(py: 38.6%)
75.6 %
(py: 74.1 %)
OE business Aftermarket business EMEA/I Americas APAC/China
Share of OEM business increases due to well-above trend line sales growth; Well-balanced geographic
exposure in the EMEA/I and Americas regions with clear growth strategy until 2020 in APAC/China and
EMEA. In 2017 highest growth rate percentage-wise in APAC/China.
24Key financial figures: Net income and EPS undiluted (2010 to 2017)
Net income in € mn EPS in €
60 1.40
51.7
1.20 1.14
50 43.5 0.98
41.0 0.95
1.00
40
32.7 0.80 0.73 0.72
28.4* 0.68*
30 26.6
24.4 0.60 0.54
20 0.40
10 0.20
0.18
7.4 0.00
0
0 2010 2011 2012 2013 2014 2015 2016 2017
2010 2011 2012 2013 2014 2015 2016 2017 -0.20
-10
-0.40
-8.3 -0.40
-20 -0.60
-0.60
Solid net income development from 2010 to 2017; EPS influenced by higher number of shares.
25 * adjusted for one-time effects from the early redemption of bank loans of € 9.3 mn and swaps of € 3.1 mn as well as unrealized foreign exchange
losses on foreign currency loans in an amount of € 1.2 mn.Inventories and Net Working Capital
Inventories in € mn and days of inventories
180 75
160 145.7 138.9 139.3 Disproportionately low increase in inventories of € 4.3
133.7 65
140 127.2 123.7 124.6 129.4 mn yoy versus sales growth
120
55 The Group was able to reduce inventories by € 5.6 mn
100 57
80
55 54 54 53 in the fourth quarter of 2017 in comparison to levels as
51 51 45
60 of Sept. 30, 2017 (€ 139.3 mn)
40 42 35 Days of inventories at 53 (py: 57) days at the end of
20 Q4 2017
0 25
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2016 2017
Net working capital in € mn and as % of sales
180 20%
160 144.8 142.8 142.7
140 133.3
118.4
125.2
110.3
120.6 15% Net working capital due to strong organic sales
120
100
growth increased by € 10.3 mn to € 120.6 mn yoy
12.2 % 12.2 % 12.6 % 11.9 % 12.9 % 10%
80 11.4 % 10.9 % 11.0% The Group was able to reduce net working capital in
60 the Q4 2017 alone by € 22.1 mn.
40 5%
20
0 0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2016 2017
26Free cash flow by quarter
in € mn
40
29.3
30 26.8
19.4
20
10.9
10 13.0 7.5
6.1
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
-10
2016 -15.6 2017
-20
Free cash flow (net cash flow from operating activities less investments in PPE and intangible assets, pre-
dividend) sequentially improved in Q4 2017 to € 26.8 mn from € 10.9 mn in Q3 2017.
27Net debt reduced to € 105.5 mn - Equity ratio reflecting strong cash
position
Net debt Equity ratio
in € mn
Σ 97.1* Σ 105.5*
500
400
300 30.1 % 30.2 %
200 441.7 442.6
100
0
-100
-200 -344.6 -337.1
-300
-400
Dec 31, 2016 Dec 31, 2017 Dec 31, 2016 Dec31, 2017
Cash Debt
* Net debt incl. cash and cash equivalents and other short-term investments sequentially reduced to € 105.5
mn (Q3 2017: € 128.2 mn); The equity ratio as of Dec. 31, 2017 was 30.2% reflecting M&A related high cash
and cash equivalents (€ 337.1 mn); Figures were impacted by € 20.0 mn dividend payment and neg.
currency effects.
28 Company outlook 29
Outlook: Financial targets 2018 and mid-term planning 2020
FY 2018* Strategy 2020
Organic increase of 4 to 5% Organic: € 1,250 mn
+ potential M&A
Sales
+ M&A: Coops, JVs, acquisitions
Assuming stable FX rates and
unchanged scope of consolidation
Total: € 1,500 mn
Adj. EBIT margin 8 to 8.5% ≥ 8%
NWC ratio 12% 12%
€ 38 to 40 mn
€ 26 mn to € 28 mn p.a.
CAPEX incl. high single-digit Euro mn
amount related to new China plant
30 * Projections assume that there is no significant deterioration of the political, economic or industry-specific environment; organic projections do not
include potential sales and earnings contributions from acquisitions or JVsSMART STEEL provides for add-on business
opportunities in a digitized transport world
1 2 3 4 5
Upgrade to Digitize New business
Integrate &
Mechanics Electro- Information & models & Digital
Connect
mechanics Data solutions
Predictive Maintenance
RECOLUBE SAFH Connect App Big Data Analytics
SAF-HOLLAND combines mechanics with sensors and electronics.
The Company‘s integration and data interpretation know-how enables smart/autonomous drive systems.
31Green SAF-HOLLAND – We acknowledge sustainability!
SAF-HOLLAND acting as a sustainability Our own sustainable business model in
enabler transport and logistics
SAF-HOLLAND’s innovative sustainable Think Ahead program: Environmentally
solutions enable customers to reach their proactive strategies and community support
sustainability targets
SAF-HOLLAND engineering is a trendsetter in Appropriate handling of resources
light-weight products
Group-wide CSR reporting process being
established, complying with GRI Standards
Legislation and tightened safety, weight and
emissions resductions standards are driving
Winner of the 2017 European Transport Award
for Sustainability, category “ Best Overall Entre-
China: “Overload ban” preneurial Concept"
Hazardous good transporters: Disc brake and
air suspension required by new legislation
32 Takeover V.Orlandi S.p.A. 33
Takeover of V.Orlandi S.p.A.: The specialty fifth wheel and coupling
specialist
Headquarter in Flero (Brescia), Italy
Supplier of couplings for trucks and
specialty fifth wheels
Specialty business with couplings and
drawbar eyes for trailers and specialized
commercial vehicles systems
Serves the industrial, agricultural, forestry
and mining segments
Two production sites in Northern Italy,
currently employing around 60 people
Well-established international sales
network for OEM and Aftermarket
SAF-HOLLAND is strengthening its position as the number 2 in fifth-wheels and couplings in the European
market by taking over the number 3 player.
34V.Orlandi S.p.A.: Fully complementary product range
AGRICULTURAL AUTOMOTIVE
DUAL INDUSTRY USE MINING
SAF-HOLLAND is complementing and strengthening its position in coupling systems and specialty fifth
wheels for trucks, trailers, semi-trailers and agricultural vehicles. Significant cross-selling potential of
Orlandi products to be realized within the worldwide set-up of the SAF-HOLLAND Group network.
35V. Orlandi S.p.A.: Sales turnover by region and business unit in 2017
19%
28%
41%
81%
31%
Overseas Europe Italy Automotive Agricultural
Almost two thirds from overseas sales originate from the APAC region besides Russia, South America, the
Middle East and Africa.
36Impressions: A very specialized product range 37
Terms and key financials
SAF-HOLLAND acquires 70% stake in V.Orlandi S.p.A.
Call option for SAF-HOLLAND for the remainder
Expected full year sales: approx. € 22 million
Expected annual growth rate: 3 to 5%
Margin accretive: Adj. EBIT margin in the mid teens
Pro rata tempore inclusion in the SAF-HOLLAND Group scope of consolidation
Closing of transaction expected no later than in Q2 2018
After the takeover, V.Orlandi S.p.A. will continue to operate under its strong, well-established brand. As part
of the SAF-HOLLAND Group, V.Orlandi S.p.A. will benefit from additional growth prospects and attractive
cross-selling opportunities worldwide.
38 Takeover York Transport Equipment
(Asia) Pte. Ltd.
39York Transport Equipment: Company Overview and Highlights
York is engaged in manufacturing and
distribution of trailer axles, trailer
suspensions and trailer components
York employs 220 staff and 90 contract
workers
Manufacturing facilities in India and China;
assembly lines in Singapore and Australia
Market leader in Asia, Africa and Australia
Strong service and spare parts network in
India
Research and development centers in
India, Australia and Singapore
SAF-HOLLAND will become one of the market leaders in trailer axle and suspension systems in India, one of
the fastest growing transportation markets in the world with an excellent set-up in the APAC/China region.
40York Transport Equipment: Core products and market shares
Axles Mechanical Air Fifth Landing
suspensions suspensions wheels gears
Acquisition of York rapidly expands SAF-HOLLAND’s position in the fast-growing Indian and APAC/China
transportation markets.
41York Transport Equipment: Geographic footprint
Next to India, York also has
significant operations in
other fast-growing
Southeast Asian markets,
such as Thailand, Indonesia
and Vietnam besides
Australia.
Turkey
York Group has a strong
China service and spare parts
network in India with more
Thailand than two hundred service
Middle India
East Singapore points.
This network will effectively
strengthen the aftermarket
Manufacturing Indonesia
business of the SAF-
HOLLAND Group in the
Warehousing region.
Sales Representative
South Africa
Australia
York has a wide regional sales and a strong service and spare parts network which perfectly fits into SAF-
HOLLAND’s network. York will also strengthen the position of SAF-HOLLAND in the Middle East and Africa.
42Estimated significant growth in APAC fits with Strategy 2020
Global Trailer Market Attractiveness Strategy 2020
The world‘s growing population and increase
in purchasing power are the key drivers for the
expected increase in consumption.
Market growth is mainly seen in the emerging
economies, particularly in the Asia Pacific,
Middle Eastern and Africa markets.
The objective of the Strategy 2020 is to
expand SAF-HOLLAND‘s presence in the
emerging markets by entering new regional
markets outside of the core markets.
A further objective is the expansion of the
aftermarket business.
43 Appendix 44
Strong financial profile supporting further growth & dividend payments
Strong financial profile*
Corporate Bond Revolving Credit Convertible Bond Promissory note Non-current loan
€ 75 mn lines € 100.2 mn (SSD) € 50 mn
due 04/2018 € 155.5 mn due 09/2020 € 200 mn due 06/2026
due 10/2021 with € 140 mn due in 11/2020
option € 17 mn due in 11/2022
of renewal until € 43 mn due in 11/2025
10/2022
Optimized and diversified financing structure
Access to institutional and private investors with
reduced dependency from banks
More flexibility with increased financial headroom and
optimized financing costs
Financing of “Strategy 2020” targets secured
Dividend policy
Dividend payment of € 0.44 per share (py: € 0.40) for FY Distribution of generally 40 to 50 % of available net
2016; € 20.0 mn (py: € 18.1 mn) distribution in total earnings on a sustainable base if reported equity ratio
representing a 46 % (py: 39 %) share of FY 2016 available reaches around 40 %
net earnings
45 * as of September 30, 2017Among TOP 3 market position in every product area
2014
SAF-HOLLAND Market shares
Market Position Europe North America
Europe North America SAF-HOLLAND Σ Top 3 SAF-HOLLAND Σ Top 3
Axles #1 #3 39 % 89 % 8% 90 %
Trailer Systems
Suspensions #1 #2 36 % 90 % 15 % 84 %
Kingpins #2 #1 12 % 89 %1) 77 % 95 %1)
Landing gears #3 #1 6% 89 % 39 % 78 %1)
Powered Vehicle
Fifth wheel #2 #1 23 %2) 96 % 51 % 100 %
Systems
Truck suspensions n/a #2 0% 90 %3) 6 %4) 38 %
market
After-
Service points #1 #1 Approx. 9,000 Aftermarket spare parts and service stations
1) Top 2 players 2) Based on top 7 European truck OEMs (Mercedes Benz, VOLVO, MAN, DAF, SCANIA, Renault, IVECO) 3) Predominantly captive market 4) Commercial market share excluding sales to U.S. Defence Dept.
We are among the TOP 2 players in almost every product area we are in; significant expansion
potential in the Americas with trailer axles and suspensions as well as vocational truck suspensions.
46 Source: L.E.K. Consulting, April 2015Disclaimer
Not for general release, publication or distribution in the United States, Australia, Canada or Japan.
By attending this presentation you agree to be bound by the following limitations:
This presentation has been prepared by SAF-HOLLAND S.A. (“SAF-HOLLAND”) and comprises written materials concerning SAF-HOLLAND. It is furnished to you solely
for your information and may not be reproduced or redistributed, in whole or in part, to any other person. It contains summary information only and does not purport to be
comprehensive and is not intended to be (and should not be used as) the sole basis of any analysis or other evaluation. No representation or warranty, express or implied,
is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of any information, including projections, estimates, targets and
opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and, accordingly, neither SAF-HOLLAND
nor any of its directors, officers, employees or advisors nor any other person shall have any responsibility or liability whatsoever (for negligence or otherwise) arising,
directly or indirectly, from the use of this presentation, or its contents or otherwise in connection with this presentation.
This presentation contains certain statements related to our future business and financial performance and future events or developments involving SAF-HOLLAND and/or
the industry in which SAF-HOLLAND operates that may constitute forward-looking statements. These statements may be identified by words such as “believes,” “expects,”
“predicts,” “intends,” “projects,” “plans,” “estimates,” “aims,” “foresees,” “anticipates,” “targets,” and similar expressions. Forward-looking statements are not historical facts,
but solely opinions, views and forecasts which are based on current expectations and certain assumptions of SAF-HOLLAND’s management or cited from third party
sources which are uncertain and subject to risks. Actual events may differ significantly from the anticipated developments due to a number of factors, including without
limitation, changes in general economic conditions, changes affecting the fair values of the assets held by SAF-HOLLAND and its subsidiaries, changes affecting interest
rate levels, changes in competition levels, changes in laws and regulations, environmental damages, the potential impact of legal proceedings and actions and the Group’s
ability to achieve operational synergies from past or future acquisitions. Should any of these risks or uncertainties materialize, or should underlying expectations not occur
or assumptions prove to be incorrect, actual results, performance or achievements of SAF-HOLLAND may (negatively or positively) vary materially from those described,
explicitly or implicitly, in the relevant forward-looking statement.
The information contained in this presentation, including any forward-looking statements expressed herein, speaks only as of the date hereof and reflects current legislation
and the business and financial affairs of the SAF-HOLLAND which are subject to change and audit. Neither the delivery of this presentation nor any further discussions of
SAF-HOLLAND with any of the recipients thereof shall, under any circumstances, create any implication that there has been no change in the affairs of SAF-HOLLAND
since such date. Consequently, SAF-HOLLAND neither accepts any responsibility for the future accuracy of the information contained in this presentation, including any
forward-looking statements expressed herein, nor assumes any obligation, to update or revise this information to reflect subsequent events or developments which differ
from those anticipated.
This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any state, country or other
jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such
jurisdiction. This presentation is for information purposes only and does neither constitute an offer to sell securities, nor any recommendation of, or solicitation of an offer to
buy, any securities of SAF-HOLLAND in the United States, Germany or any other jurisdiction. In the United States, any securities may not be offered or sold absent
registration or an exemption from registration under the U.S. Securities Act of 1933.
47Investor Relations
SAF-HOLLAND GmbH
Stephan Haas
Hauptstraße 26
63856 Bessenbach
Phone +49 6095 301-617
Telefax +49 6095 301-102
Mobile +49 170 306 64 97
Stephan.Haas@safholland.de
www.safholland.com
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