FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS

On February 15, 2024, Clarios reported a strong first quarter for fiscal 2024, with double-digit revenue and 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 16% 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

 

Q1 earnings

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

  • "We expect our advanced battery technologies to grow by at least 50% over the next 5 years."
    Mark Wallace CEO, Clarios

Why invest in Clarios?

  • Single Car Driving into the Distance at Sunset

    Driving value with sustainability.

    Our company has a strategic value-driven approach to environmental stewardship and sustainability.
  • Interior View of Electric Vehicle

    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.
  • Clarios Family of Batteries on Podiums

    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.
  • Outer Space View of Earth

    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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