HELLA GmbH & Co KGaA Investor Update Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Akshat Kacker - JPMorgan Chase & Co, Research Division - Analyst : Akshat at JPMorgan. Two from my side, please. The first one is on growth and strategic direction for HELLA. Thanks for the presentation this morning. I think you covered a lot of the topics. I just want to come back on that in terms of what are the biggest opportunities for HELLA coming out of this transaction? Operational synergies when it comes to ADAS are very understandable. I just want to understand how you're thinking about energy management and electrification? Does this combination allow you to accelerate into a high-voltage product portfolio? The second question is on the cost synergies. Obviously, both companies are very high quality in terms of how they've been run over the last few years. What is the low-hanging fruit in terms of cost efficiencies and synergies? Is procurement a big part of that synergy target? Those are the first 2 questions, please? Rolf Breidenbach - HELLA GmbH & Co. KGaA - Chairman of Management Board, President & CEO of Hella GeschSftsfnhrungsgesellschaft mbH I think starting with the second one, of course, the Integration Committee has to work this out. And from our side, we will not now comment on synergies. But of course, we see very attractive synergies, especially in the area of purchasing from our perspective. But we have to discuss this with the Faurecia colleagues; therefore, we today will not be too specific on this topic. The Integration Committee will prepare this. I already mentioned these work-streams, and I can imagine that purchasing will be a very important one. With regard to our growth perspective, ADAS, you mentioned. With regard to electrification, I think, the access to Japanese customers could here create additional momentum from our side, and it could also be that when we have to offer portfolio of different technologies, electrification, combined with fuel cell, to our customers, this could also be additional add-on Faurecia can bring to the HELLA growth rate. The same is true for components you are using for both, [batts] and fuel cell cars or vehicles. Here, I also see, let's say, an additional possible way to accelerate our growth. And of course, from my perspective, not most attractive, but very attractive growth area is a whole area of interior. Here, I expect a boost for our interior lighting, and the same should be true for parts and components for Faurecia. When we are offering the right integrated subsystems and parts and components, we already started this with our open cooperation. But of course, here, when we really combine the forces, much more is possible. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 16, 2021 / 7:30AM, HLE.DE - HELLA GmbH & Co KGaA Investor Update Call