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Equity Roadshow Presentation FY 2020

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Equity Roadshow Presentation FY 2020 OK Roadshow Presentation FY 2020 Daimler AG Daimler AG Roadshow Presentation | FY 2020 1 OK AGENDA I. RESULTS FY 2020 II. OUTLOOK FY 2021 III. STRATEGY 1. DAIMLER GROUP 2. MERCEDES-BENZ CARS & VANS 3. DAIMLER TRUCKS & BUSES 4. DAIMLER MOBILITY Daimler AG Roadshow Presentation | FY 2020 2 Daimler: Key messages Financial targets achieved Restructuring measures increased Strategy in all divisions refocused Future corporate structure planned Significant earnings progress expected in 2021 Daimler AG Roadshow Presentation | FY 2020 3 Daimler: Key figures Free Cash Net Industrial Sales Revenue EBIT EBIT adj. in million units in billion euros in billion euros in billion euros Flow (IB) Liquidity in billion euros in billion euros 3.35 10.3 172.7 8.3 154.3 17.9 2.84 8.6 6.6 11.0 4.3 -15% -11% 53% -16% 504% 62% 1.4 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 For more details on financials please see Daimler Capital Market Presentation FY 2020 Daimler AG Roadshow Presentation | FY 2020 4 Daimler 2020 Dividend: Proposal based on our dividend policy Earnings Net profit Dividend in billion euros per share proposed in euros in euros 4.0 1.35 2.7 3.39 0.9 2.22 48% 53% 50% 2019 2020 2019 2020 2019 2020 Daimler AG Roadshow Presentation | FY 2020 5 Mercedes-Benz Cars: Highlights Mercedes-Benz: The world’s leading luxury car brand; new sales record in China Tripled worldwide xEV sales; met European CO2 targets for passenger cars in 2020; next steps towards “Ambition 2039” New Mercedes-Benz strategy targeting a leading position in electric drive and car software New S-Class introduced; Factory 56 accelerating to full capacity Successful implementation of cost efficiency measures, rightsizing of industrial footprint Daimler AG Roadshow Presentation | FY 2020 6 Mercedes-Benz Cars: Business recovery faster than expected in H2-2020 Group sales of Mercedes-Benz passenger cars per month in thousand units 2019 China Europe United States 80 90 40 70 80 35 60 70 30 60 50 25 50 40 20 40 30 15 30 20 20 10 10 10 5 0 0 0 Jan 20 Dec 20 Jan 20 Dec 20 Jan 20 Dec 20 Daimler AG Roadshow Presentation | FY 2020 7 Mercedes-Benz Cars: CO2 compliance Europe Target: 137g NEDC WLTP2) Target: 125g3) WLTP Target: 107g NEDC1) 1) Incl. UK and Phase-In, Super Credits & Eco Innovation Credits 2) Excl. UK and Phase-In, Super Credits & Exo Innovation Credits 2019 2020 20212) 3) Target depends on fleet emission value 2020 (NEDC/WLTP) & Prognosis Prognosis fleet mix 2021 Daimler AG Roadshow Presentation | FY 2020 8 Mercedes-Benz Cars: Covid-19 related sales losses but strong model mix in thousand units BY REGIONS BY SEGMENT 2,385 2,385 107 2,087 2,087 28 386 35 smart 296 Rest of world 18 Sports Cars 790 657 Europe 501 excl. Germany 75 888 SUVs 335 283 Germany 418 56 S-Class 313 249 United States 332 E-Class 440 309 C-Class 694 758 China 527 449 A-/B-Class 694 2019 2020 2019 2020 Combined electric consumption: 15.7 kWh/100 km; combined CO₂ emissions: 0 g/km Daimler AG Roadshow Presentation | FY 2020 9 Mercedes-Benz Cars & Vans: Indicators of change Headcount Fixed Costs R&D Investment in pp&e in thousand employees in billion euros in billion euros in billion euros 177.2 Further improve profitability until 2025** 8.1 170.5 7.2 5.9 Fixed Cost reduction > 20% 4.9 -4% -14% -11% -17% CapEx and R&D reduction > 20% Variable costs reduction 1% p.a. 2019* 2020 2019 2020 2019 2020 2019 2020 * adjusted figure: includes 3.8k from internal shifting from headquarter to Mercedes-Benz Cars & Vans ** compared vs. 2019 actuals Daimler AG Roadshow Presentation | FY 2020 10 Mercedes-Benz Cars & Vans financials: CFBIT more than tripled, demonstrating focus on cash flow Sales Revenue EBIT adj. CFBIT adj. in million units in billion euros in billion euros in billion euros 2.82 106.9 7.9 98.6 6.8 2.46 6.2 -13% -8% 11% 308% 1.9 2019 2020 2019 2020 2019 2020 2019 2020 For more details on financials please see Daimler Capital Market Presentation FY 2020 Daimler AG Roadshow Presentation | FY 2020 11 Mercedes-Benz Cars & Vans EBIT FY & RoS: Lower unit sales, model mix and pricing continued to develop favorably Lower unit sales Favorable Net pricing in million euros Efficiency measures overcompensate expenses for enhanced vehicle equipment Gross profit -1.700 and higher level of depreciation Significant fixed cost reduction in all areas +381 +219 6,802 -1,630 +6,260 6,151 -1,796 +1,611 +140 5,172 +316 RoS: -220 6.9% • Restructuring -1,476 RoS: • Legal proceedings +5,432 • Legal 5.2% RoS: Proceedings -154 • Restructuring +828 RoS: 5.8% -0.1% -109 EBIT Adjustments EBIT Volume/ Foreign Industrial Selling General Research & non- Others EBIT Adjustments EBIT 2019 adjusted Structure/ exchange performance expenses administrative capitalized adjusted 2020 2019 Net pricing rates expenses developm. costs 2020 Daimler AG Roadshow Presentation | FY 2020 12 MD Daimler Trucks & Buses: Highlights Challenging first half of the year with significant sales decrease due to Covid-19; strong comeback in second half Incoming orders recovering fast; order backlog significantly above 2019 level Focus on cash preservation measures incl. strict inventory management Tight cost control and progressive execution of restructuring activities with resulting fixed cost reduction Acceleration of electrification and autonomous driving by extending technology partnerships Daimler AG Roadshow Presentation | FY 2020 13 Daimler Trucks: Pronounced sales decline but strong order intake in North America in thousand units UNIT SALES INCOMING ORDERS** 489 30 413 399 Rest of world 135 358 26 32 Rest of world 27 Asia 94 Asia 43 139 98 Latin America 34 Latin America 33 42 201 187 NAFTA region 139 NAFTA region 122 80 61 EU30* 70 66 EU30* 2019 2020 2019 2020 * European Union, Switzerland and Norway ** Net order intake, adjusted for cancellations Daimler AG Roadshow Presentation | FY 2020 14 Daimler Trucks & Buses Financials: strong sales decline from high levels in 2019 Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in million euros in billion euros 521 44.4 34.7 379 2,672 2.7 2.5 -27% -22% -75% -5% 678 2019 2020 2019 2020 2019 2020 2019 2020 For more details on financials please see Daimler Capital Market Presentation FY 2020 Daimler AG Roadshow Presentation | FY 2020 15 Daimler Trucks & Buses EBIT & RoS: Market decrease in our core regions, pricing at the level of the previous year Significantly lower unit sales in all regions due to market downturns in million euros Gross profit -2,875 Significantly lower contribution from aftermarket due to lower demand Negative industrial performance mainly due to adjustment of warranty provisions 2,672 -2,775 Significant fixed cost reduction achieved by strict cost control and progressive execution of restructuring activities RoS: 6.0 % +74 678 -153 +255 525 +143 RoS: +409 RoS: 2.0 % • Restructuring -5 -95 measures -153 1.5% EBIT Volume/ Foreign Industrial Selling General Research & non- Others EBIT Adjustments EBIT 2019 Structure/ exchange perform- expenses administrative capitalized adjusted 2020 Net pricing rates ance expenses developm. costs 2020 Daimler AG Roadshow Presentation | FY 2020 16 Daimler Mobility: Highlights Continuous high customer support during pandemic driving loyalty & retention Positive effects from cost saving measures Ongoing conservative risk management with strong focus on credit quality Flattening of credit risk reserves in second half of year Mobility services continuing progress toward profitability due to quick response to pandemic Daimler AG Roadshow Presentation | FY 2020 17 Daimler Mobility Financials: Decrease in new business in a challenging market environment New Contract EBIT adj. business volume in billion euros in billion euros in billion euros 162.8 74.4 150.6 67.8 1.8 1.6 -9% -8% -13% 2019 2020 2019 2020 2019 2020 For more details on financials please see Daimler Capital Market Presentation FY 2020 Daimler AG Roadshow Presentation | FY 2020 18 Daimler Mobility: Net credit losses* 0.89% 0.83% 0.68% 0.61% 0.50% 0.51% 0.36% 0.43% 0.37% 0.34% 0.33% 0.31% 0.31% 0.24% 0.26% 0.26% 0.21% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 * as a percentage of portfolio, subject to credit risk Daimler AG Roadshow Presentation | FY 2020 19 Daimler Mobility EBIT & RoE: Main impact from higher cost of credit risk Increase of cost of credit risk due to Covid-19 in million euros Impairment of software in context of streamlining IT-architecture Fixed cost reductions in all areas Gross profit* -490 2,140 -313 1,827 -54 --398 +61 1,595 -159 RoE: +184 1,436 15.3% RoE: -92 +67 13.1% • Your Now +405 RoE: • Restructuring RoE: • KITT -718 10.9% Measures -67 • Your Now -92 9.8% EBIT Adjustments EBIT Foreign Cost * Volume/* Selling General Others* EBIT Adjustments EBIT 2019 adjusted exchange of Risk Margin expenses administrative adjusted 2020 2019 rates expenses 2020 * excluding FX effects Daimler AG Roadshow Presentation | FY 2020 20 OK AGENDA I. RESULTS FY 2020 II. OUTLOOK FY 2021 III. STRATEGY 1. DAIMLER GROUP 2. MERCEDES-BENZ CARS & VANS 3. DAIMLER TRUCKS & BUSES 4. DAIMLER MOBILITY Roadshow Presentation | FY 2020 21 Performance: Market Guidance 2021 ASSUMPTION Daimler assumes that the economic conditions in our most important markets continue to normalize and in particular that no further setbacks occur as a result of the Covid-19 pandemic. Although bottlenecks in the semiconductor industry will impact sales mainly in the first quarter it is currently anticipated that lost production volume can be compensated for by the end of the year.
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