4 Segment information

Segment information is based on Autoneum Group’s internal organization and management structure as well as on the internal financial reporting to the Group Executive Board and the Board of Directors. The chief operating decision maker is the CEO.

Autoneum is the leading global automobile supplier in acoustic and thermal management for vehicles. Autoneum develops and produces multifunctional and lightweight components and systems for noise and heat protection and thereby enhances vehicle comfort.

The reporting is based on the following four reportable segments (Business Groups/BG): BG Europe, BG North America, BG Asia and BG SAMEA (South America, Middle East and Africa). “Corporate and elimination” include Autoneum Holding Ltd and the corporate center with its respective legal entities, an operation that produces parts for Autoneum’s manufacturing lines, investments in associates and inter-segment elimination. Transactions between the Business Groups are made on the same basis as with independent third parties.

Segment information 2022

CHF million

BG Europe

BG North America

BG Asia

BG SAMEA

Total segments

Corporate and elimination

Total Group

Third-party revenue

615.4

794.9

271.0

118.7

1 799.9

4.6

1 804.5

Inter-segment revenue

1.3

0.2

2.3

1.8

5.6

–5.6

Revenue

616.6

795.1

273.2

120.5

1 805.5

–1.0

1 804.5

EBITDA

43.9

9.6

54.8

25.1

133.3

18.7

152.1

in % of revenue

7.1%

1.2%

20.0%

20.9%

7.4%

n/a

8.4%

Depreciation, amortization and impairment

–38.1

–45.0

–23.2

–5.1

–111.5

–5.3

–116.7

EBIT

5.8

–35.5

31.5

20.0

21.9

13.5

35.4

in % of revenue

0.9%

–4.5%

11.5%

16.6%

1.2%

n/a

2.0%

Assets at December 311

450.5

617.8

242.4

67.1

1 377.7

94.2

1 471.9

Liabilities at December 31

337.5

430.1

133.6

44.3

945.6

94.3

1 039.9

Addition in tangible and intangible assets

29.4

10.7

9.0

3.2

52.4

0.9

53.3

Employees at December 312

4 023

4 288

2 029

920

11 260

362

11 622

  1. 1 Assets in “Corporate and elimination” include investments in associated companies in the amount of CHF 21.6 million, refer to note 15.
  2. 2 Full-time equivalents including temporary employees.

Segment information 2021

CHF million

BG Europe

BG North America

BG Asia

BG SAMEA

Total segments

Corporate and elimination

Total Group

Third-party revenue

635.7

686.9

278.2

93.7

1 694.5

5.9

1 700.4

Inter-segment revenue

1.2

0.1

2.8

1.0

5.2

–5.2

Revenue

636.9

687.0

281.0

94.7

1 699.6

0.8

1 700.4

EBITDA

73.6

10.2

62.1

20.5

166.4

13.4

179.8

in % of revenue

11.6%

1.5%

22.1%

21.7%

9.8%

n/a

10.6%

Depreciation, amortization and impairment

–41.4

–47.7

–22.7

–4.8

–116.6

–5.6

–122.3

EBIT

32.2

–37.5

39.3

15.7

49.7

7.8

57.5

in % of revenue

5.1%

–5.5%

14.0%

16.6%

2.9%

n/a

3.4%

Assets at December 311

446.6

628.9

279.4

56.5

1 411.4

90.6

1 502.0

Liabilities at December 31

332.2

463.0

156.3

42.3

993.7

57.0

1 050.8

Addition in tangible and intangible assets

24.5

11.3

13.1

4.6

53.4

1.0

54.4

Employees at December 312

4 100

4 300

2 136

926

11 462

378

11 840

  1. 1 Assets in “Corporate and elimination” include investments in associated companies in the amount of CHF 22.4 million, refer to note 15.
  2. 2 Full-time equivalents including temporary employees.

Revenue and non-current assets by country

CHF million

Revenue1 2022

Revenue1 2021

Non-current assets2 31.12.2022

Non-current assets2 31.12.2021

USA

583.8

508.0

247.6

272.1

China

249.2

252.7

90.2

111.0

Germany

160.1

148.0

15.6

18.3

Mexico

139.7

106.1

75.1

77.2

France

101.9

109.8

22.6

23.9

Spain

81.0

77.7

23.4

26.4

Great Britain

79.3

102.1

18.0

23.0

Canada

71.7

74.4

7.1

8.7

Switzerland3

2.4

2.3

72.0

77.8

Remaining countries

335.6

319.3

135.1

141.1

Total

1 804.5

1 700.4

706.9

779.6

  1. 1 Revenue is disclosed by location of customers.
  2. 2 Non-current assets consist of tangible assets, intangible assets and investments in associated companies.
  3. 3 Domicile of Autoneum Holding Ltd.

The following customers accounted for more than 10% of annual revenue in 2022 or 2021:

Revenue with major customers

CHF million

2022

2021

BMW

282.4

263.7

Toyota

205.9

194.8

Ford

196.6

165.1

Information on revenue by product group is not available. The major customers generate revenue in all geographic segments.

When Autoneum is nominated by an OEM the contract includes that Autoneum will manufacture a tool which is sold to the OEM before the start of production and that Autoneum will produce and deliver serial parts to the OEM over the production period, which is usually between five and eight years. As the OEM’s production volumes are continuously adapted to the market demand, the number of serial parts that Autoneum will deliver to the OEM can only be estimated. Autoneum expects that the contracts for which Autoneum was nominated as of December 31, 2022 will generate revenue of CHF 10.8 billion (December 31, 2021: CHF 10.2 billion) in future years.