Annual general meeting of Schaeffler AG 2019

  • Dividend payout of 55 cents per common non-voting share
  • High level of interest among 730 participants
  • Board of Managing Directors explains transformation of the Schaeffler
    Group
  • Scheduled election of shareholder representative in the Supervisory
    Board
CEO Klaus Rosenfeld and Supervisory Board Chairman Georg F. W. Schaeffler at the annual general meeting of Schaeffler AG (l-r).

The annual general meeting of Schaeffler AG generated a high level of interest. Around 730 shareholders traveled to Nuremberg to attend the meeting in the Frankenhalle. They voted for a dividend of 55 cents per common non-voting share (unchanged from the previous year). In the fourth year following the listing of the company, the dividend payout ratio is around 40% and therefore at the upper end of the target range of 30 to 40 percent of net
income attributable to shareholders before special items.

The 2019 annual general meeting of Schaeffler AG in Nuremberg’s Frankenhalle

A positive signal to the capital market

The unchanged dividend payout is a clear and positive signal to the capital market,
particularly given the fact that the company – like most of its competitors in the
automotive business – had to deal with severe stock market losses, particularly
during the second half of 2018. The good cash flow generation and the further
improvement in the key financial performance indicators confirm that the company
is on a solid financial footing and allow a dividend payment at the prior year’s level.

CEO Klaus Rosenfeld during his report at the annual general meeting of Schaeffler AG in Nuremberg’s Frankenhalle

“The past financial year was a year of light and shade. However much things may
change, we will stay on course and continue to shape the future of the Schaeffler
Group – actively and decisively. We will maintain our strategy and our position as
an automotive and industrial supplier. In doing so, Schaeffler will remain in motion
and consistently drive forward its transformation”, explained Klaus Rosenfeld, CEO
of Schaeffler AG.

With regard to the business development in the first months of 2019, Klaus
Rosenfeld said that Schaeffler had started the financial year as planned and that
conditions on the market remained challenging. He added that the growth
dynamics should not be expected to speed up again until the second half of the
year. The company will publish the interim report for the first quarter of 2019 on
May 8.

CEO Klaus Rosenfeld during his report at the annual general meeting of Schaeffler AG in Nuremberg’s Frankenhalle.

New appointments to Schaeffler AG’s Supervisory Board

At today’s annual general meeting, the ten shareholder representatives of
Schaeffler AG’s Supervisory Board were elected as scheduled.

With the election, eight members of the Supervisory Board were confirmed in their
posts. The following members were re-elected: Maria-Elisabeth Schaeffler-
Thumann, Georg F. W. Schaeffler, Prof. Dr.-Ing. Hans-Jörg Bullinger, Dr. Holger
Engelmann, Prof. Dr. Bernd Gottschalk, Robin Stalker, Prof. KR Ing. Siegfried Wolf,
and Prof. Dr.-Ing. Tong Zhang. Sabine Bendiek and Sabrina Soussan were newly
elected to the Supervisory Board.

Ms. Bendiek is the Chairperson of the Management Board of Microsoft
Deutschland GmbH. She has many years of experience in digitalization, IT, and
artificial intelligence.

Supervisory Board Chairman Georg F. W. Schaeffler at the 2019 annual general meeting of Schaeffler AG.

Ms. Soussan is the CEO of Siemens Mobility GmbH and also manages the Siemens
Rolling Stock business unit. Siemens Mobility offers innovative solutions for rail and
road transport and for interconnected mobility worldwide.

“We are delighted to welcome two top managers with an impressive technological
background, Ms. Bendiek and Ms. Soussan, to the Supervisory Board of Schaeffler
AG. Their knowledge and experience will significantly strengthen the board,
especially with regard to digitalization and technology,” said Georg F. W. Schaeffler,
Chairman of the Supervisory Board.

The voting results and a recording of the report by the CEO at today’s annual
general meeting are available at www.schaeffler.com/agm.

The online annual report can be found at: www.schaeffler-annual-report.com