WE'RE PREPARED FOR THE WORLD AHEAD.
Our focus is delivering value to our customers with unmatched scale, distribution and product innovation. We create essential products, build lasting relationships with industry partners, and by working together, unleash the possibilities of an electrified world.
Clarios is leading the way in the energy transition.
Our unique total systems approach has helped make us a global leader in providing low-voltage, sustainable solutions for vehicles of today and tomorrow.
THIRD QUARTER FISCAL 2024 FINANCIAL RESULTS
On August 6, 2024, Clarios reported a strong third quarter for fiscal 2024, with single-digit revenue and double-digit EBITDA* growth vs the prior year quarter. We continue to generate strong free cash flow and deliver on our strategy to support the growing demand for more advanced batteries. Advanced battery units grew 8% year-over-year and represented 30% of our units sold during the quarter.With our powertrain and chemistry agnostic approach and commitment to circularity, the team continues to win in low-voltage today and for the future of next generation vehicles. All while we drive margin enhancement through commercial excellence, operational efficiency and R&D effectiveness.
*Non-GAAP financial measure; see definition and reconciliation here
Clarios at a Glance
1 IN 3
Vehicles Powered by a Clarios Battery Worldwide
150MM+
Batteries Sold in FY23
100+
Countries Supplied by Our Volume Globally
UP TO 99%
of the Materials in Our Batteries can be Recovered, Recycled and Reused
Delivering superior and sustained performance.
~$10BN
FY23 REPORTED REVENUE
~$1.8BN
FY23 ADJUSTED EBITDA1
10%+
REVENUE AND EBITDA CAGR2
~$1.3BN
FY23 FREE CASH FLOW3
~70%
FREE CASH FLOW CONVERSION4
1- Adjusted EBITDA is a non-GAAP measure. For a reconciliation, refer to most recently filed S-1, filed on December 18, 2023.
2 - 2002-2023
3 - Net cash provided by operating activities – capex + cash interest
4 - (Net cash provided by operating activities – capex + cash interest)/Adjusted EBITDA
"Vehicles will change more in the next 10 years than they have in the last 100 years and Clarios is building the low-voltage systems, solutions and services that will help lead the energy transition underway."
Mark Wallace
CEO, Clarios
"With the growing industry demand, we expect our advanced battery technologies to grow by at least 50% over the next 5 years. With this positive market tailwind along with our commercial and operational excellence, Clarios is well-positioned for long-term sustainable growth."
Helmut Zodl
CFO, Clarios
Why invest in Clarios?
Driving value with sustainability.
Our company has a strategic value-driven approach to environmental stewardship and sustainability.
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Leading mobility and electrification forward.
We’re enabling the future of mobility with key technologies for electric vehicles and ADAS (Advanced Driver-Assistance Systems) and autonomous systems.
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Positioned for the future.
The vast majority of our business is driven by the high-margin and durable transportation aftermarket segment, where the transition from mix-shift to higher-priced advanced batteries (AGM/EFB) is rapidly advancing.
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The undisputed leader.
We hold a global market share with unmatched geographic reach, and with a strong and expanding position in China, we are strategically positioned for growth in the highly profitable AGM product.
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