Daimler Corporate Presentation June 2019

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Daimler Corporate Presentation June 2019 Folie in Ursprungsform Wechsel des Folienlayouts im Menü über: Start // Absatz // Listenebene June 2019 Corporate Presentation Contents Group Financials Divisional Information Outlook Daimler Group Strategy Funding Appendix Daimler AG Daimler Corporate Presentation / June 2019 / Page 2 Key figures Unit sales Revenue in thousands of units in billions of euros World premiere of the new CLA Coupe and CLA Shooting Brake 807 774 39.8 39.7 Presentation of the upgraded GLC and GLC Coupe -4% -0% World premiere of the Vision URBANETIC and the Concept EQV as Q1 2018 Q1 2019 Q1 2018 Q1 2019 response to mobility questions of the future EBIT Net profit in billions of euros in billions of euros Daimler and Geely Holding form global joint venture to develop smart 2.4 3.3 2.1 2.8 Daimler Trucks and Torc Robotics create technology powerhouse -16% -9% for automated trucks Daimler AG and BMW Group are pooling their mobility services to Q1 2018 Q1 2019 Q1 2018 Q1 2019 create a new global player in the field of urban mobility Daimler AG Daimler Corporate Presentation / June 2019 / Page 3 High level of net liquidity Free cash flow industrial business 16.3 -3.2 Q1 2019: minus €2.0 billion 13.1 +0.4 -2.4 -0.0 +0.2 11.3 Net industrial Effects from Net industrial Earnings and Working capital M&A effects Other Net industrial liquidity initial application liquidity other cash flow impact liquidity 12/31/2018 of IFRS 16 1/1/2019 impact 3/31/2019 Daimler AG Daimler Corporate Presentation / June 2019 / Page 4 Net liquidity impacted by initial application of IFRS 16 and higher working capital Impact of €3.2 billion due to initial application of IFRS 16 for lessee accounting: Recognition of right-of-use assets and lease liabilities leads to a one-time increase of financing liabilities stated in the balance sheet Working capital increase of €2.4 billion impacted free cash flow of the industrial business Higher working capital is mainly caused by increases in the level of finished and unfinished goods at all automotive divisions, resulting primarily from model changeovers, production ramp-up and delivery delays as well as market developments Daimler AG Daimler Corporate Presentation / June 2019 / Page 5 Contents Group Financials Divisional Information Outlook Daimler Group Strategy Funding Appendix Daimler AG Daimler Corporate Presentation / June 2019 / Page 6 Mercedes-Benz Cars Unit sales Revenue EBIT in thousands of units in billions of euros in millions of euros 594 23.0 2,060 555 21.2 1,298 -7% -8% -37% Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Daimler AG Daimler Corporate Presentation / June 2019 / Page 7 Mercedes-Benz Cars: sales decrease due to life cycle effects and model changes in thousands of units 594 30 555 5 30 smart 6 Sports Cars 212 179 SUVs 23 17 S-Class 105 104 E-Class 120 111 C-Class 98 109 A-/B-Class Q1 2018 Q1 2019 Daimler AG Daimler Corporate Presentation / June 2019 / Page 8 Mercedes-Benz Cars: EBIT in million euros - 762 9.0%* 2,060 Lower unit sales and less favorable model mix Net pricing 6.1%* Foreign exchange rates 1,298 Higher expenses for new technologies and future products EBIT EBIT Q1 2018 Q1 2019 * Return on sales Daimler AG Daimler Corporate Presentation / June 2019 / Page 9 Mercedes-Benz Vans Unit sales Revenue EBIT in thousands of units in billions of euros in millions of euros 97.0 3.4 172 93.0 3.1 +4% +9% -98 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Daimler AG Daimler Corporate Presentation / June 2019 / Page 10 Mercedes-Benz Vans: sales increase by 4% mainly due to higher demand for the Sprinter in thousands of units 97.0 93.0 41.3 49.4 Sprinter 27.0 24.8 Vito 15.7 13.6 V-Class 3.2 3.7 X-Class 5.9 5.5 Citan Q1 2018 Q1 2019 Daimler AG Daimler Corporate Presentation / June 2019 / Page 11 Mercedes-Benz Vans: EBIT in millions of euros - 270 Higher unit sales 5.6%* Expenses related to the adjustment of production capacities in Argentina and Russia 172 Higher expenses for new technologies and future products Warranty and goodwill costs Foreign exchange rates Governmental proceedings and measures relating to diesel vehicles -98 -2.9%* EBIT EBIT Q1 2018 Q1 2019 * Return on sales Daimler AG Daimler Corporate Presentation / June 2019 / Page 12 Daimler Trucks Unit sales Revenue EBIT in thousands of units in billions of euros in millions of euros 114 116 9.5 647 8.6 582 +2% +11% -10% Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Daimler AG Daimler Corporate Presentation / June 2019 / Page 13 Daimler Trucks: sales increase by 2% mainly driven by NAFTA region in thousands of units 114 116 9 6 Rest of world 34 Asia 38 9 Latin America 9 48 NAFTA region 41 17 19 EU30* Q1 2018 Q1 2019 * European Union, Switzerland and Norway Daimler AG Daimler Corporate Presentation / June 2019 / Page 14 Daimler Trucks: significant decrease in incoming orders mainly driven by NAFTA region in thousands of units 184 12 51 8 101 6 Rest of world 39 Asia 89 9 Latin America 27 NAFTA region 24 20 EU30* Q1 2018 Q1 2019 * European Union, Switzerland and Norway Daimler AG Daimler Corporate Presentation / June 2019 / Page 15 Daimler Trucks: EBIT in millions of euros - 65 7.5%* Higher unit sales especially in the NAFTA region 6.1%* 647 Foreign exchange rates 582 Higher expenses for new technologies and future products Higher costs, mainly related to raw material and supply chain constraints Valuation of provisions EBIT EBIT Q1 2018 Q1 2019 * Return on sales Daimler AG Daimler Corporate Presentation / June 2019 / Page 16 Daimler Buses Unit sales Revenue EBIT in thousands of units in billions of euros in millions of euros 37 5.7 5.5 0.9 0.8 -4% -8% -21 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Daimler AG Daimler Corporate Presentation / June 2019 / Page 17 Daimler Buses: sales decrease by 4% despite higher demand in Brazil and India in thousands of units 5.7 5.5 0.7 1.1 Rest of world 1.2 0.9 Latin America (excl. Brazil and Mexico) 1.9 2.2 Brazil 0.5 0.4 Mexico 1.4 0.9 EU30* Q1 2018 Q1 2019 * European Union, Switzerland and Norway Daimler AG Daimler Corporate Presentation / June 2019 / Page 18 Daimler Buses: EBIT in millions of euros - 58 4.4%* 37 Delivery delays caused by a changed internal certification process for coaches and intercity buses -21 -2.7%* EBIT EBIT Q1 2018 Q1 2019 * Return on sales Daimler AG Daimler Corporate Presentation / June 2019 / Page 19 Daimler Financial Services New business Contract volume EBIT in billions of euros in billions of euros in millions of euros 17.9 17.3 154.1 157.4 1,209 -3% +2% 548 +121% Q1 2018 Q1 2019 12/31/2018 3/31/2019 Q1 2018 Q1 2019 Daimler AG Daimler Corporate Presentation / June 2019 / Page 20 Daimler Financial Services: slight increase in contract volume in billions of euros 154.1 157.4 33.7 35.0 Africa & Asia-Pacific 56.1 57.1 Americas 38.0 38.8 Europe (excl. Germany) 26.2 26.4 Germany 12/31/2018 3/31/2019 Daimler AG Daimler Corporate Presentation / June 2019 / Page 21 Daimler Financial Services: EBIT in millions of euros + 661 35.7%* Merger of mobility services of Daimler and BMW 1,209 Higher contract volume 17.9%* Higher interest-rate level 548 Cost of risk in some markets EBIT EBIT Q1 2018 Q1 2019 * Return on equity Daimler AG Daimler Corporate Presentation / June 2019 / Page 22 Contents Group Financials Divisional Information Outlook Daimler Group Strategy Funding Appendix Daimler AG Daimler Corporate Presentation / June 2019 / Page 23 Assumptions for automotive markets in 2019 Global around the prior-year level Europe around the prior-year level Car markets USA slight decrease China slight decrease NAFTA region around the prior-year level Medium- and EU30 around the prior-year level heavy-duty truck Japan* around the prior-year level markets Brazil significant growth Indonesia* stable development EU30 slight growth in the midsize and large segment Van markets USA around the prior-year level EU30 slight growth Bus markets Brazil slight growth * including light-duty trucks Daimler AG Daimler Corporate Presentation / June 2019 / Page 24 2019 sales outlook Slightly higher unit sales FurtherSuccess growth based onparticularly attractive inand China innovative model portfolio Mercedes-Benz Cars Strong momentum from athe dozen wide new range and of upgradedattractive vehiclesand innovative vehicles SignificantlySlightly higher higher unit salesunit sales SignificantSlight growth growth in NAFTA in NAFTA and EU30region, region, Brazil, increases Indonesia in and Brazil India; and slight India growth in Japan Daimler Trucks SUnitlight sales decrease around in theEU30 priorregion-year level in Japan, decreases in Turkey and Indonesia SignificantlySlightly higher higher unit salesunit sales SignificantGrowth in the growth United in EU30States region, and in ChinaEU30 andregion the United States Mercedes-Benz Vans Additional momentum from newthe new X-Class Sprinter and new Sprinter Significantly higher unit sales Slight growth in EU30 region, significant growth in India Daimler Buses Unit sales around the prior-year level in Latin America Daimler AG Daimler Corporate Presentation / June 2019 / Page 25 2019 outlook for Group EBIT and divisional RoS/RoE We expect Group EBIT for FY 2019 to be in the magnitude of the previous year. Return on sales in the range of 6 to 8% Mercedes-Benz Cars Return on sales in the range of 7 to 9% Daimler Trucks Return on sales in the range of -2 to -4% Mercedes-Benz Vans Return on sales in the range of 5 to 7% Daimler Buses Return on equity in the range of 17 to 19%* Daimler Financial Services * Including significant one-time valuation and earnings effects from the combination of the mobility services business with BMW Group.
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