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Capital Market Presentation Q2 2021 Daimler AG

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Capital Market Presentation Q2 2021 Daimler AG Daimler Internal Capital Market Presentation Q2 2021 Daimler AG Daimler AG 1 Daimler Internal Daimler: Key messages ▸ Good earnings momentum in all businesses. Strong results show improved resilience ▸ Comfortable level of Net Industrial Liquidity and Free Cash Flow supporting financial flexibility ▸ Continued strategy execution, ramp-up of EV portfolio in all divisions ▸ Project Focus: continued preparation of new corporate structure Daimler AG 2 Daimler Internal Review Q2/21 Daimler AG 3 Daimler Internal Mercedes-Benz Cars: Highlights ▸ Mercedes-Benz: 511,000 cars sold (wholesale), new sales record in China, order intake on high level driven by new S-Class ▸ Sales significantly influenced by ongoing semiconductor shortages ▸ Global xEV sales at Mercedes-Benz Cars more than quadrupled in H1 2021, EV share over 10% ▸ Strong financial performance driven by compelling products, favourable mix, pricing and ongoing cost discipline ▸ Continued EV product offensive with launch of EQS and EQB ▸ EQS offers luxury, safety and comfort features at the highest level. Consequently, pricing will be comparable to S-Class Daimler AG 4 Daimler Internal Mercedes-Benz Vans: Highlights ▸ Group sales up 37% driven by almost all regions, encouraging growth in China ▸ Group sales of electric vans increased more than eightfold ▸ Ongoing strong profitability supported by mix, pricing and cost focus ▸ World premiere of the Concept EQT ▸ Merger of Mercedes-Benz Vans Sales Germany and Europe in July in order to streamline sales processes and capture synergies Daimler AG 5 Daimler Internal Mercedes-Benz Cars & Vans: Financials Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in billion euros in billion euros 28.2 620 3.6 18.9 481 2.8 +29% +49% +3.9 +437% 0.5 -0.3 Q2 2020 Q2 2021 Q2 2020 Q2 2021 Q2 2020 Q2 2021 Q2 2020 Q2 2021 Daimler AG 6 Daimler Internal Mercedes-Benz Cars & Vans: EBIT & RoS Higher unit sales Favourable product mix in million euros Gross profit +4,461 Improved net pricing Higher expenses mainly due to positive short-time work effect in 2020 Higher investment in future technologies and vehicles +4,583 -140 +18 -333 -75 -271 +107 3,604 -166 3,438 • Legal proceedings +53 • Restructuring measures +788 • Legal RoS: Proceedings -107 RoS: -1,125 +841 -284 12.8% • Restructuring -59 12.2% RoS: RoS: -5.9% -1.5% EBIT Adjustments EBIT Volume/ Foreign Industrial Selling General Research & non- Others EBIT Adjustments EBIT Q2 2020 adjusted Structure/ exchange performance expenses administrative capitalized adjusted Q2 2021 Q2 2020 Net pricing rates expenses developm. costs Q2 2021 Daimler AG 7 Daimler Internal Mercedes-Benz Cars & Vans: Reconciliation from EBIT to CFBIT in million euros 3,438 -179 -9 -1,588In gespannt+1,546 :-D -706 +303 2,805 2,502 t/o • Legal Proceedings +207 • Result at-equity BBAC -391 • Restructuring +96 EBIT Change in Net financial Net investments Depreciation and Other CFBIT Adjustments CFBIT Q2 2021 working capital investments in pp&e and amortization/ Q2 2021 adjusted intangible assets impairments Q2 2021 Daimler AG 8 Daimler Internal Daimler Trucks & Buses: Highlights ▸ Increase of truck and bus sales in almost all regions due to improved market conditions ▸ Incoming truck and bus orders in all regions significantly above prior year’s quarter, but limited by available production capacity in 2021 ▸ Limited impact from semiconductor in Q2, but uncertainty remains for the second half of the year ▸ Daimler Truck Group with first strategy day for investors and analysts ▸ Daimler Truck, the Traton Group and Volvo Group announce plan to pioneer a European high-performance charging network for heavy-duty trucks ▸ World premiere of the new eActros: The eActros sets benchmarks in CO2-neutral goods transport Daimler AG 9 Daimler Internal Daimler Trucks & Buses: Financials Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in million euros in million euros 116.8 10.0 831 6.2 693 61.0 +91% +61% +1,578 +814 -747 -121 Q2 2020 Q2 2021 Q2 2020 Q2 2021 Q2 2020 Q2 2021 Q2 2020 Q2 2021 Daimler AG 10 Daimler Internal Daimler Trucks & Buses: EBIT & RoS Increase of truck and bus sales in almost all regions due to improved market conditions Lower expenses for customer service Significantly higher contribution from aftermarket due to higher demand in million euros Gross profit +1,488 Net pricing IPO Proterra and sale of plant Campinas Higher costs, mainly related to raw material +126 831 -12 819 +1,430 -39 +97 -7 -39 +9 RoS: RoS: 8.3 % 8.2% • Restructuring -756 -747 measures -12 • Restructuring measures +9 RoS: RoS: -12.2% -12.0% +9 EBIT Adjustments EBIT Volume/ Foreign Industrial Selling General Research & non- Others EBIT Adjustments EBIT Q2 2020 Q2 2020 Structure/ exchange performance expenses administrative capitalized adjusted Q2 2021 adjusted Net pricing rates expenses developm. costs Q2 2021 Daimler AG 11 Daimler Internal Daimler Trucks & Buses: Reconciliation from EBIT to CFBIT in million euros 819 -121 +274 -195 -2 -108 667 +26 693 • Restructuring measures +26 EBIT Change in Net financial Net investments Depreciation and Other CFBIT Adjustments CFBIT Q2 2021 working capital investments in pp&e and amortization/ Q2 2021 Q2 2021 intangible assets impairments adjusted Daimler AG 12 Daimler Internal Daimler Mobility: Highlights ▸ Higher new business driven by strong customer loyalty, especially in Europe, and Covid-impact in previous year ▸ Strong growth of acquisitions for electric vehicles supporting EV sales ▸ Lower credit risk reserves and still low net credit losses reflecting high portfolio quality ▸ Interest result benefitting from lower refinancing cost ▸ Improved operative business performance at mobility services and fleet management ▸ Project Focus: building two separate financial services power houses for cars and trucks Daimler AG 13 Daimler Internal Daimler Mobility: Financials New Contract EBIT adj. business volume in million euros in billion euros in billion euros 930 17.2 150.6 150.6 14.0 +23% 0% 313 +197% Q2 2020 Q2 2021 12/31/2020 6/30/2021 Q2 2020 Q2 2021 Daimler AG 14 Daimler Internal Lower credit risk reserve due to quick response to Covid-19 pandemic in 2020 Daimler Mobility: EBIT & RoE Margin benefiting from lower refinancing costs Improved operative business performance at Mobility Services and Fleet Management Mainly higher expenses due to positive effect from short-time work in 2020 in million euros Gross profit* 649 +212 -17 -39 +54 930 -6 924 +437 +108 313 -30 205 RoE: RoE: RoE: RoE: 5.6% 8.6% 24.0% • MOVE -6 23.9% EBIT Adjustments EBIT Foreign Cost of riskVolume/* Selling* General* Others* EBIT Adjustments EBIT Q2 2020 adjusted exchange Margin expenses administrative adjusted Q2 2021 Q2 2020 rates expenses Q2 2021 * excluding FX effects Daimler AG 15 Daimler Internal Daimler: Key figures Free Cash Net Industrial Sales Revenue EBIT EBIT adj. in thousand units in billion euros in billion euros in billion euros Flow (IB) Liquidity in billion euros in billion euros 5.4 2.6 736 43.5 5.2 20.9 17.9 542 30.2 +36% +44% +6.9 +6.1 +278% 17% 0.7 -1.7 -0.7 Q2 2020 Q2 2021 Q2 2020 Q2 2021 Q2 2020 Q2 2021 Q2 2020 Q2 2021 Q2 2020 Q2 2021 12/31/2020 6/30/2021 Daimler AG 16 Daimler Internal Daimler Q2 2021: Group EBIT in million euros +617 +45 5,420 -235 5,185 +1,578 +3,888 Mercedes-Benz Cars & Vans: • Legal proceedings -107 • Restructuring measures -59 Daimler Trucks & Buses: • Restructuring measures -12 • Legal Daimler Mobility: proceedings +53 • Restructuring measures -6 • Restructuring Reconciliation: measures + 921 -1,682 -708 • M&A Transactions -51 +974 EBIT EBIT EBIT Adjustments EBIT Mercedes-Benz Daimler Daimler Reconciliation Adjustments adjusted Q2 2021 Q2 2020 adjusted Cars & Vans Trucks & Buses Mobility Q2 2021 Q2 2020 Daimler AG 17 Daimler Internal Daimler Q2 2021: Reconciliation from CFBIT to Free Cash Flow +667 -724 in million euros +364 2,950 2,502 +38 +91 +12 2,586 • Legal proceedings +207 • Restructuring measures +129 • M&A transactions +27 CFBIT CFBIT Income Interest Effects from Other Free cash flow Adjustments Free cash flow Mercedes-Benz Daimler taxes paid Pensions reconciling (industrial business) (industrial business) Cars & Vans Trucks & Buses paid* items adjusted * includes internal tax prepayments from Daimler Mobility to the industrial business Daimler AG 18 Daimler Internal Daimler: Net Industrial Liquidity in billion euros +1.8 -1.7 +2.8 -0.3 0.0 -1.8 20.9 20.1 Free cash flow industrial business Q2 2021: € 2,586 million Net industrial Earnings and Working Depreciation and Additions to Investments in Other Net industrial liquidity other cash capital impact amortization/ property, plant, and disposals of (incl. dividend liquidity 3/31/2021 flow impact impairments equipment and shareholdings payment DAI AG) 6/30/2021 intangible assets Daimler AG 19 Daimler Internal Outlook 2021 Daimler AG 20 Daimler Internal Market Guidance 2021 ASSUMPTION Our expectations for the development of business in 2021 are based on the assumption of a gradual normalization of economic conditions in the markets that are important to us. In particular, we assume that the world economy will be able to recover from the pandemic-related weakness of the year 2020, aided by, among other things, the increasing availability of effective vaccines. Furthermore, we assume that the worldwide shortage of supply of semiconductor components will affect our business also in the second half of the year. We also recognize that the visibility how the supply situation will actually develop further is currently low. Global significant increase Europe significant increase Car Markets USA significant increase China significant increase EU30 significant increase Van Markets USA significant increase North America significant increase EU30 significant increase Heavy-Duty Truck Markets Japan at prior-year level Brazil significant increase Daimler AG 21 Daimler Internal Daimler Group Guidance 2021 ASSUMPTION Our expectations for the development of business in 2021 are based on the assumption of a gradual normalization of economic conditions in the markets that are important to us.
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