Obbligazione Continenta 2.5% ( XS0972719412 ) in EUR

Continenta

100 EUR ▼

Germania

XS0972719412 ( in EUR )

2.5% per anno ( pagato 1 volta l'anno)

20/03/2017 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Continental XS0972719412 in EUR 2.5%, scaduta

1 000 EUR

750 000 000 EUR

Continental è un'azienda multinazionale tedesca leader nella produzione di pneumatici, componenti automobilistici e soluzioni per la mobilità intelligente.

The Obbligazione issued by Continenta ( Germany ) , in EUR, with the ISIN code XS0972719412, pays a coupon of 2.5% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 20/03/2017

Base Prospectus
May 2, 2013

This document constitutes three base prospectuses: (i) the base prospectus of Continental Aktiengesellschaft in
respect of non-equity securities within the meaning of Art. 22 No. 6 (4) of the Commission Regulation (EC) No.
809/2004 of April 29, 2004, as amended ("Non-Equity Securities"), (ii) the base prospectus of Conti-Gummi
Finance B.V. in respect of Non-Equity Securities and (iii) the base prospectus of Continental Rubber of America,
Corp. in respect of Non-Equity Securities (together, the "Debt Issuance Programme Prospectus" or the
"Prospectus").

Continental Aktiengesellschaft
(Hanover, Federal Republic of Germany)
as Issuer and, in respect of Notes issued by
Conti-Gummi Finance B.V. and Continental Rubber of America, Corp., as Parent Guarantor

Conti-Gummi Finance B.V.
(Maastricht, The Netherlands)
as Issuer

Continental Rubber of America, Corp.
(Wilmington, Delaware, Unites States of America)
as Issuer

5,000,000,000
Debt Issuance Programme
(the "Programme")
Application has been made to the Luxembourg Commission de Surveillance du Secteur Financier (the "CSSF"),
which is the Luxembourg competent authority for the purposes of the Luxembourg act relating to prospectuses for
securities dated July 10, 2005, as amended (Loi relative aux prospectus pour valeurs mobilières) (the "Prospectus
Act") which implements Directive 2003/71/EC, as amended from time to time (the "Prospectus Directive") into
Luxembourg law, for its approval of this Prospectus.
Application has been made to list notes issued under the Programme (the "Notes") on the official list of the
Luxembourg Stock Exchange and to admit Notes to trading on the regulated market of the Luxembourg Stock
Exchange (as defined below). However, Notes may also be issued under the Programme which are listed on a stock
exchange other than the Luxembourg Stock Exchange or which are not listed on any stock exchange.
Each Issuer has requested the CSSF in its capacity as competent authority under the Prospectus Act to provide the
competent authorities in the Federal Republic of Germany and The Netherlands with a certificate of approval
attesting that the Prospectus has been drawn up in accordance with the Prospectus Act ("Notification"). Each Issuer
may request the CSSF to provide competent authorities in additional Member States within the European Economic
Area with a Notification.
Arranger
Deutsche Bank
Dealers
BNP PARIBAS
BofA Merrill Lynch
Citi
Commerzbank
Crédit Agricole CIB
Deutsche Bank
DZ BANK AG
HSBC
ING
J.P. Morgan
Landesbank Baden-Württemberg
Mediobanca Banca di Credito Finanziario S.p.A.
SEB
The Royal Bank of Scotland
UniCredit Bank
This Prospectus will be published in electronic form on the website of the Luxembourg Stock Exchange
(www.bourse.lu) as well as on the website of Continental (www.conti-online.com). This Prospectus is valid for a
period of twelve months from its date of approval.

RESPONSIBILITY STATEMENT
Continental Aktiengesellschaft ("Continental AG" or the "Parent Guarantor", together with its consolidated group
companies, "Continental", "Continental Group" or the "Group") with its registered office in Hanover, Federal
Republic of Germany, Conti-Gummi Finance B.V. ("Conti-Gummi Finance" or "CGF") with its registered office in
Maastricht, The Netherlands and Continental Rubber of America, Corp. with its registered office in Wilmington,
Delaware, USA ("Continental Rubber of America" or "CRoA") (each an "Issuer" and together the "Issuers")
accept responsibility for the information given in this Prospectus.
Each Issuer hereby declares that, having taken all reasonable care to ensure that such is the case, the information
contained in this Prospectus for which it is responsible is, to the best of its knowledge, in accordance with the facts
and contains no omission likely to affect its import.
The CSSF assumes no responsibility as to the economic and financial soundness of the transactions under the
Programme and the quality or solvency of the Issuers in line with the provisions of article 7(7) of the Prospectus Act.
This Prospectus should be read and understood in conjunction with any supplement hereto and with any other
documents incorporated herein by reference and, in relation to any tranche of Notes (each a "Tranche"), together
with the relevant final terms (the "Final Terms"). Full information on the Issuers and any Tranche is only available
on the basis of the combination of the Prospectus and the relevant Final Terms.
CONSENT TO USE THE PROSPECTUS
Each Dealer and/or each further financial intermediary subsequently reselling or finally placing the Notes is entitled
to use the Prospectus for the subsequent resale or final placement of the Notes during the offer period for the
subsequent resale or final placement of the Notes, provided however, that the Prospectus is still valid in accordance
with Article 11 of the Prospectus Act, as set out in Section F of the Final Terms of the relevant Tranche of Notes.
Such consent for the subsequent resale or final placement of Notes by the financial intermediaries may be restricted
to certain jurisdictions and subject to conditions as stated in the applicable Final Terms.
The Prospectus may only be delivered to potential investors together with all supplements published before such
delivery. Any supplement to the Prospectus is available for viewing in electronic form on the website of the
Luxembourg Stock Exchange (www.bourse.lu).
When using the Prospectus, each Dealer and/or relevant further financial intermediary must make certain that it
complies with all applicable laws and regulations in force in the respective jurisdictions.
In the event of an offer being made by a Dealer and/or a further financial intermediary, the Dealer and/or the
further financial intermediary shall provide information to investors on the terms and conditions of the offer
at the time the offer is made.
Any Dealer and/or further financial intermediary using the Prospectus has to state on its website that it uses
the Prospectus in accordance with this consent and the conditions attached thereto.
NOTICE
Each Issuer has confirmed to the Dealers (as defined herein) that this Prospectus contains all information with regard
to the Issuers, the Gurarantors and the Notes which is material in the context of the Programme and the issue and
offering of Notes thereunder; that the information contained herein with respect to the Issuers, the Guarantors and the
Notes is accurate and complete in all material respects and is not misleading; that any opinions and intentions
expressed herein are honestly held and based on reasonable assumptions; that there are no other facts with respect to
the Issuers, the Guarantors or the Notes, the omission of which would make this Prospectus as a whole or any of such
information or the expression of any such opinions or intentions misleading; that the Issuers and the Guarantors have
made all reasonable enquiries to ascertain all facts material for the purposes aforesaid.

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This Prospectus is valid for 12 months following its date of approval and this Prospectus and any supplement hereto
as well as any Final Terms reflect the status as of their respective dates of issue. The delivery of this Prospectus, any
supplement thereto, or any Final Terms and the offering, sale or delivery of any Notes may not be taken as an
implication that the information contained in such documents is accurate and complete subsequent to their respective
dates of issue or that there has been no adverse change in the financial situation of the Issuers or the Guarantors since
such date or that any other information supplied in connection with the Programme is accurate at any time
subsequent to the date on which it is supplied or, if different, the date indicated in the document containing the same.
Each Issuer and the Parent Guarantor has undertaken with the Dealers to supplement this Prospectus or publish a
new Prospectus in the event of any significant new factor, material mistake or inaccuracy relating to the information
included in this Prospectus in respect of Notes issued on the basis of this Prospectus which is capable of affecting the
assessment of the Notes and which arises or is noted between the time when this Prospectus has been approved and
the closing of any tranche of Notes offered to the public or, as the case may be, when trading of any tranche of Notes
on a regulated market begins in respect of Notes issued on the basis of this Prospectus.
No person has been authorised to give any information which is not contained in or not consistent with this
Prospectus or any other document entered into in relation to the Programme or any information supplied by any
Issuer or any other information in the public domain and, if given or made, such information must not be relied upon
as having been authorised by the Issuers, the Dealers or any of them.
Neither the Arranger nor any Dealer nor any other person mentioned in this Prospectus, excluding the Issuers and the
Parent Guarantor, is responsible for the information contained in this Prospectus or any supplement hereto, or any
Final Terms or any document incorporated herein by reference, and accordingly, and to the extent permitted by the
laws of any relevant jurisdiction, none of these persons accepts any responsibility for the accuracy and completeness
of the information contained in any of these documents.
The distribution of this Prospectus and any Final Terms and the offering, sale and delivery of Notes in certain
jurisdictions may be restricted by law. Persons into whose possession this Prospectus or any Final Terms come are
required to inform themselves about and observe any such restrictions. For a description of the restrictions applicable
in the USA, the European Economic Area in general, the United Kingdom, The Netherlands, Luxembourg and Japan
see "Selling Restrictions". In particular, the Notes have not been and will not be registered under the US Securities
Act of 1933, as amended (the "Securities Act"), and include notes in bearer form that are subject to tax law
requirements of the USA; subject to certain exceptions, Notes may not be offered, sold or delivered within the USA
or to US persons.
The language of the Prospectus is English. Any part of this Prospectus in the German language constitutes a
translation. In respect of the issue of any Tranche of Notes under the Programme, the German text of the Terms and
Conditions may be controlling and binding if so specified in the relevant Final Terms. In respect of the German law
governed Guarantees (including the negative pledge contained therein) the German language version is always
controlling and binding.
This Prospectus may only be used for the purpose for which it has been published.
This Prospectus and any Final Terms may not be used for the purpose of an offer or solicitation by anyone in
any jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to
make such an offer or solicitation.
This Prospectus, any supplement thereto and any Final Terms do not constitute an offer or an invitation to
subscribe for or purchase any Notes.
IN CONNECTION WITH THE ISSUE OF ANY TRANCHE OF NOTES UNDER THE PROGRAMME,
THE DEALER OR DEALERS (IF ANY) NAMED AS STABILISING MANAGER(S) IN THE
APPLICABLE FINAL TERMS (OR PERSONS ACTING ON BEHALF OF A STABILISING MANAGER)
MAY OVER-ALLOT NOTES OR EFFECT TRANSACTIONS WITH A VIEW TO SUPPORTING THE
PRICE OF THE NOTES AT A LEVEL HIGHER THAN THAT WHICH MIGHT OTHERWISE PREVAIL.
HOWEVER, THERE IS NO ASSURANCE THAT SUCH STABILISING MANAGER(S) (OR PERSONS
ACTING ON BEHALF OF A STABILISING MANAGER) WILL UNDERTAKE STABILISATION
ACTION. ANY STABILISATION ACTION MAY BEGIN AT ANY TIME AFTER THE ADEQUATE
PUBLIC DISCLOSURE OF THE TERMS OF THE OFFER OF THE RELEVANT TRANCHE OF THE
NOTES AND, IF BEGUN, MAY BE ENDED AT ANY TIME, BUT IT MUST END NO LATER THAN THE
EARLIER OF 30 DAYS AFTER THE ISSUE DATE OF THE RELEVANT TRANCHE OF NOTES AND 60

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DAYS AFTER THE DATE OF THE ALLOTMENT OF THE RELEVANT TRANCHE OF NOTES. ANY
STABILISATION ACTION OR OVER-ALLOTMENT MUST BE CONDUCTED BY THE RELEVANT
STABILISING MANAGER(S) (OR PERSON(S) ACTING ON BEHALF OF ANY STABILISING
MANAGER(S)) IN ACCORDANCE WITH ALL APPLICABLE LAWS AND RULES.
ANY UNITED STATES PERSON WHO HOLDS AN OBLIGATION UNDER THIS PROGRAMME WILL
BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING
THE LIMITATIONS PROVIDED IN CLAUSES 165(j) AND 1287(a) OF THE INTERNAL REVENUE
CODE.
In this Prospectus, all references to "", "EUR" or "Euro" are to the currency introduced at the start of the third stage
of the European economic and monetary union, and defined in Article 2 of Council Regulation (EC) No 974/98 of
May 3, 1998, on the introduction of the Euro, as amended.
Tranches of Notes may be rated or unrated. Where a Tranche of Notes is rated, such rating and the respective rating
agency will be specified in the relevant Final Terms. A rating is not a recommendation to buy, sell or hold Notes and
may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency.
To the extent not otherwise indicated, the information contained in this Prospectus on the market environment,
market developments, growth rates, market trends and competition in the markets in which the Issuers operate is
taken from publicly available sources, including, but not limited to, third-party studies or own estimates that are also
primarily based on data or figures from publicly available sources. The information from third-party sources that is
cited here has been reproduced accurately. As far as the Issuers are aware and are able to ascertain from information
published by such third-party, no facts have been omitted which would render the reproduced information published
inaccurate or misleading.
This Prospectus also contains estimates of market data and information derived from these estimates that would not
be available from publications issued by market research firms or from any other independent sources. This
information is based on our internal estimates and, as such, may differ from the estimates made by our competitors or
from data collected in the future by market research firms or other independent sources. To the extent the Issuers
derived or summarized the market information contained in this Prospectus from a number of different studies, an
individual study is not cited unless the respective information can be taken from it directly.
The Issuers have not independently verified the market data and other information on which third parties have based
their studies or the external sources on which our own estimates are based. Therefore, the Issuers assume no
responsibility for the accuracy of the information on the market environment, market developments, growth rates,
market trends and competitive situation presented in this Prospectus from third-party studies or the accuracy of the
information on which its own estimates are based. Any statements regarding the market environment, market
developments, growth rates, market trends and competitive situation presented in this Prospectus regarding
Continental Group and its operating divisions contained in this Prospectus are based on own estimates and/or
analysis unless other sources are specified.
FORWARD-LOOKING STATEMENTS
This Prospectus contains certain forward-looking statements. A forward-looking statement is a statement that does
not relate to historical facts and events. They are based on analyses or forecasts of future results and estimates of
amounts not yet determinable or foreseeable. These forward-looking statements are identified by the use of terms and
phrases such as "anticipate", "believe, "could", "estimate", "expect", "intend", "may", "plan", "predict", "project",
"will" and similar terms and phrases, including references and assumptions. This applies, in particular, to statements
in this Prospectus containing information on future earning capacity, plans and expectations regarding Continental
Group's business and management, its growth and profitability, and general economic and regulatory conditions and
other factors that affect it.
Forward-looking statements in this Prospectus are based on current estimates and assumptions that the Issuers make
to the best of their present knowledge. These forward-looking statements are subject to risks, uncertainties and other
factors which could cause actual results, including Continental Group's financial condition and results of operations,
to differ materially from and be worse than results that have expressly or implicitly been assumed or described in
these forward-looking statements. Continental Group's business is also subject to a number of risks and uncertainties

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that could cause a forward-looking statement, estimate or prediction in this Prospectus to become inaccurate.
Accordingly, investors are strongly advised to read the following sections of this Prospectus: "Summary", "Risk
Factors", "Continental AG", "Conti-Gummi Finance", "Continental Rubber of America" and "Business of the
Continental Group". These sections include more detailed descriptions of factors that might have an impact on
Continental Group's business and the markets in which it operates.
In light of these risks, uncertainties and assumptions, future events described in this Prospectus may not occur. In
addition, neither the Issuers nor the Dealers assume any obligation, except as required by law, to update any forward-
looking statement or to conform these forward-looking statements to actual events or developments.

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TABLE OF CONTENTS
Summary .......................................................................................................................................... 7
German Translation of the Summary ............................................................................................. 55
Risk Factors .................................................................................................................................. 108
General Information on the Issuers .............................................................................................. 134
Subsidiary Guarantors .................................................................................................................. 159
Business of the Continental Group ............................................................................................... 183
Description of Other Indebtedness ............................................................................................... 213
Regulatory Framework for Continental's Operations................................................................... 219
General Description of the Programme ........................................................................................ 225
Terms and Conditions of the Notes .............................................................................................. 227
Form of Final Terms .................................................................................................................... 450
Description of the Guarantees ...................................................................................................... 466
Form of Parent Guarantee (English language version) ................................................................ 476
Form of Parent Guarantee (German language version)................................................................ 504
Form of Subsidiary Guarantees (English language version) ........................................................ 537
Form of Subsidiary Guarantees (German language version) ....................................................... 548
Use of Proceeds ............................................................................................................................ 561
Taxation ........................................................................................................................................ 562
Subscription and Sale ................................................................................................................... 572
General Information ..................................................................................................................... 577
Documents Incorporated by Reference ........................................................................................ 579
Names and Addresses ................................................................................................................... 581

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SUMMARY
Summaries are made up of disclosure requirements known as 'Elements'. These elements are numbered in Sections
A E (A.1 E.7).
This Summary contains all the Elements required to be included in a summary for this type of securities and Issuer.
Because some Elements are not required to be addressed, there may be gaps in the numbering sequence of the
Elements.
Even though an Element may be required to be inserted in the summary because of the type of securities and Issuer,
it is possible that no relevant information can be given regarding the Element. In this case a short description of the
Element is included in the summary with the mention of 'not applicable'.
SECTION A INTRODUCTION AND WARNINGS
Element

A.1
Warning that:
this Summary should be read as an introduction to the Prospectus;
any decision to invest in the Notes should be based on consideration of the Prospectus
as a whole by the investor;
where a claim relating to the information contained in the Prospectus is brought before
a court, the plaintiff investor might, under the national legislation of the Member
States, have to bear the costs of translating the Prospectus, before the legal proceedings
are initiated; and
civil liability attaches only to the Issuers which have tabled the Summary including any
translation thereof, but only if the Summary is misleading, inaccurate or inconsistent
when read together with the other parts of the Prospectus or it does not provide, when
read together with the other parts of the Prospectus, key information in order to aid
investors when considering whether to invest in such the Notes.
A.2
[Each Dealer and/or each further financial intermediary][·] subsequently reselling or finally
placing Notes if and to the extent so expressed in [the][these] Final Terms [relating to a
particular issue of Notes] - is entitled to use the Prospectus for the subsequent resale or final
placement of the Notes during the period from [·] to [·], provided however, that the Prospectus
is still valid in accordance with Article 11 of the Luxembourg act relating to prospectuses for
securities (Loi relative aux prospectus pour valeurs mobilières) which implements Directive
2003/71/EC of the European Parliament and of the Council of 4 November, 2003 (as amended
by Directive 2010/73/EU of the European Parliament and of the Council of 24 November 2010).
The Prospectus may only be delivered to potential investors together with all supplements
published before such delivery. Any supplement to the Prospectus is available for viewing in
electronic form on the website of the Luxembourg Stock Exchange (www.bourse.lu).
When using the Prospectus, [each Dealer and/or relevant further financial intermediary][·] must
make certain that it complies with all applicable laws and regulations in force in the respective
jurisdictions.
In the event of an offer being made by [a Dealer and/or a further financial
intermediary][·], the [Dealer and/or the further financial intermediary][·] shall provide
information to investors on the terms and conditions of the Notes at the time of that offer.

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SECTION B [ISSUER] [GUARANTOR]
Element

B.1
Legal and commercial name
Continental Aktiengesellschaft ("Continental AG")
B.2
Domicile / Legal form /
Continental AG is a stock corporation (Aktiengesellschaft)
Legislation / Country of
incorporated under the laws of Germany and domiciled in
incorporation
Germany.
B.4b
Known trends affecting the
Continental is a worldwide automotive supplier of a broad range
[Issuer][Guarantor] and the
of electronic systems and components, tires and non-tire rubber
industries in which it operates products. Therefore, Continental develops, produces and markets
products that address the key growth trends of the automotive
industry such as enhanced driving safety, comfort and
convenience, increased fuel efficiency and climate protection.
The key trends in automotive industry and individual mobility
can be categorized as follows:

Safety: The demand for active and passive vehicle safety
components in cars is increasing significantly, due to stricter legal
requirements in a number of jurisdictions including the EU, USA,
Japan, Brazil and South Korea, the preference of customers for
safer automobiles and increasing volumes of traffic all over the
world resulting in higher safety expectations from regulators. In
addition, further countries in the emerging markets are likely to
follow the EU/USA regulation on safer mobility.

Information solutions within cars: Due to new technologies, there
is a steady rise in data volumes and information exchanges
between vehicles, drivers, and the external environment. This
requires efficient and transparent information management in
order to unburden the driver as much as possible and guide
him/her quickly and safely through increasing volumes of traffic.
The result is a new and steadily developing market involving
networked systems and products in the areas of infotainment and
telematics.

Environmentally-friendly technology: The need to develop
environmentally-friendly technologies, aimed at lower fuel
consumption and consequently a reduction of CO2-emissions, is
growing due to increasingly stringent consumption and emission
standards throughout the industrial world, including the EU, the
USA and Japan. In addition, the emerging markets are likely to
follow the industrial world on fuel efficiency standards. Due to
increasing oil prices and the resulting significant increase in fuel
costs over the past years, the demand for environmentally-
friendly technologies has further soared and will continue to
constitute a key growing area in the automotive sector.

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Market trend affordable cars: Over the past years, the market
segment of "affordable" or "low-cost cars" (referring to cars
costing less than USD 10,000 / EUR 7,000) has been increasing
steadily, in particular in the high-growth emerging markets of
Asia, but also in Brazil and Eastern Europe. Market observers
anticipate that in 2016 those favorably priced vehicles will
represent around 30% of total light vehicle production in Asia.
They include models such as the BYD F0 in China and the Tata
Nano in India. Continental is focusing on affordable cars,
investing in projects that involve most of the key platforms.
Continental is designing localized solutions for each market to
ensure that market requirements are met.

The industrial trends are closely interlinked. They derive from the
major social developments. These include challenges such as the
accelerating growth in the world's population combined with
demographic change, the globalization of social, economic and
political ties, the pursuit of a higher standard of living and rising
urbanization.

With respect to the development of the automotive industry in
general, according to Continental's estimates, global light vehicle
production (passenger cars, station wagons and light commercial
vehicles) is expected to increase to approximately 82.5 million in
2013. Continental also expects demand on Continental's key
replacement tire markets to grow by around 2%. The global
production of heavy vehicles should, according to Continental's
estimates, recover in 2013 following the drop in 2012. The global
demand for replacement passenger and light truck tires should,
according to Continental's estimates increase again in 2013.
Further, the global demand for replacement commercial vehicle
and trailer tires is expected to recover in 2013.
B.5
Description of the Group and
Continental AG is the management and holding company for the
the [Issuer's][Guarantor's]
Continental Group. The Continental Group consists of 443
position within the Group
subsidiaries and affiliated companies (including minority
holdings) worldwide (as at December 31, 2012).
B.9
Profit forecast or estimate
Not applicable. No profit forecast or estimate has been made in
the Prospectus.
B.10
Nature of any qualifications in Not applicable. The audit opinions with respect to the
the audit report on historical
consolidated financial statements of Continental AG for the
financial information
financial years ended December 31, 2012 and 2011 do not
include any qualifications.

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B.12
Selected historical key financial information
(audited consolidated financial statements 2012 of Continental AG)

2012
2011

(in millions) (unless otherwise stated)
Sales ...........................................................................................
32,736.2
30,504.9
EBITDA(1) ..................................................................................
4,854.6
4,228.0
in % of sales................................................................................
14.8

13.9
Depreciation and amortization(2) .................................................
1,781.2
1,631.1
Thereof impairment(13) ................................................................
49.9

20.4
EBIT(3) .......................................................................................
3,073.4
2,596.9
in % of sales................................................................................
9.4

8.5
Amortization of intangible assets from PPA(4) ...........................
445.5
435.5
Goodwill impairment ..................................................................
75.6

--
Special effects (excluding impairment)(5) ...................................
-61.5

-11.9
Impairment(2)(12)(13) ......................................................................
-25.7

20.4
Adjusted EBIT(6) (unaudited) ..................................................
3,507.3
3,040.9
in % of sales................................................................................
10.7

10.0
Adjusted EBITDA(7) (unaudited) ............................................
4,793.1
4,216.1
Net income attributable to the shareholders of the parent ..........
1,883.5
1,242.2
Free cash flow.............................................................................
1,652.5
490.5
Net indebtedness(8) .......................................................................
5,319.9

6,772.1
Gearing ratio in %(9) ......................................................................
58.2

89.8
Ratio of net indebtedness to Adjusted EBITDA(7)(8) ......................
1.1x

1.6x
Net cash interest paid(10) ................................................................
-574.5
-662.0
Ratio of Adjusted EBITDA to net cash interest paid(7)(10) .............
8.3x

6.4x
Total equity ....................................................................................
9,144.8
7,543.3
Equity ratio in %(11) .......................................................................
33.5

29.0
Number of employees as at December 31 (excluding
trainees) ....................................................................................... 169,639

163,788

(1)
Continental AG defines EBITDA (Earnings before interest, taxes, depreciation and
amortization) as the aggregate of (i) EBIT and (ii) depreciation and amortization (excluding
write-downs on financial investments). Continental AG reports its EBITDA because it believes
it is a helpful figure for evaluating the Continental Group's and its divisions' operating
performance. EBITDA is not a performance indicator recognized under IFRS. The EBITDA
reported is not necessarily comparable to the performance figures published by other companies
as EBITDA or the like.
(2)
Excluding write-downs on financial investments.
(3)
Continental AG defines EBIT as earnings before interest and taxes. Continental AG reports its
EBIT because it believes it is a helpful figure for evaluating the Continental Group's and its
divisions' operating performance. EBIT is not a performance indicator recognized under IFRS.
The EBIT reported is not necessarily comparable to the performance figures published by other
companies as EBIT or the like.
(4)
PPA means purchase price allocation.
(5)
"Special effects (excluding impairment)" for the relevant time period mainly comprise
(i) restructuring expenses, (ii) disposals of at equity investments and (iii) non-cash adjustments
according to IAS 39. The manner in which Continental AG defines special effects (excluding
impairment) may not be comparable to the manner in which special effects or other measures
with similar names are defined by other companies. Special effects (excluding impairment) are
not a performance indicator recognized under IFRS.

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