Corporate Presentation June 2016

Transcription

Corporate Presentation June 2016
Contents
Results for Q1 2016
Outlook for 2016
Daimler Group Strategy
Divisional information
China
Appendix
Daimler AG
Daimler Corporate Presentation / June 2016 / Page 2
Highlights of Q1 2016
Strong growth in Group unit sales
683,900
+7%
Highest Q1 unit sales so far at Mercedes-Benz Cars
496,800
+8%
€ 2.7bn
-9%
EBIT from ongoing business
World premiere of the new Mercedes-Benz E-Class
Presentation of the new Mercedes-Benz GLC Coupé and C-Class Cabriolet
Debut of the new four-cylinder diesel engine OM 654
World premiere of a group of connected and autonomous trucks (Platoon) driving on a public highway
Announcement of €500 million investment in a second battery factory in Germany
Daimler Financial Services AG awarded Germany’s best employer in its category
Daimler AG
Key financials
Q1 2015
Revenue
Q1 2016
34.2
35.0
as reported
2.9
2.1
from ongoing business
2.9
2.7
Net profit
2.1
1.4
Earnings per share (in euros)
1.83
1.26
EBIT
Net liquidity industrial business (2015: year-end)
Free cash flow of the industrial business
18.6
18.5
2.3
0.3
in billions of euros
Daimler AG
Key balance sheet and financial figures
Daimler Group
Dec. 31, 2015
March 31, 2016
Equity ratio
23.7%
22.9%
Gross liquidity
18.2
23.1
Equity ratio
44.5%
40.8%
Net liquidity
18.6
18.5
Industrial business
Daimler AG
Net industrial liquidity: development in Q1 2016
- in billions of euros -
Free cash flow industrial business
Q1 2016: €0.3bn
+0.5
-0.2
18.6
Net industrial
liquidity
12/31/2015
Earnings and
other cash flow
impact
Working capital
impact
-0.4
Other
(mainly FX effects)
18.5
Net industrial
liquidity
3/31/2016*
* dividend not paid out until April
Daimler AG
Unit sales
Q1 2015
Q1 2016
641.6
683.9
+7
Mercedes-Benz Cars
459.7
496.8
+8
Daimler Trucks
112.4
105.7
-6
63.8
76.6
+20
5.7
4.8
-15
Daimler Group
% change
of which
Mercedes-Benz Vans
Daimler Buses
in thousands of units
Daimler AG
Revenue by division
Q1 2015
Daimler Group
Q1 2016
% change
34.2
35.0
+2
19.5
20.0
+2
Daimler Trucks
8.4
8.2
-2
Mercedes-Benz Vans
2.4
2.8
+17
Daimler Buses
0.9
0.8
-5
Daimler Financial Services
4.5
4.9
+7
116.7
115.7
-1
of which
Mercedes-Benz Cars
Contract volume of Daimler Financial Services*
* figures as of December 31, 2015 and March 31, 2016
Daimler AG
Q1 2015
Q1 2016
EBIT
RoS*
EBIT
2,930
8.5
2,680
7.4
1,794
9.2
1,425
7.1
Daimler Trucks
536
6.4
517
6.3
Mercedes-Benz Vans
221
9.2
336
11.9
35
4.0
39
4.7
409
–
432
–
Reconciliation
-65
–
-69
–
- EBIT in millions of euros; RoS in % -
Daimler Group
RoS*
of which
Mercedes-Benz Cars
Daimler Buses
* Return on sales; Daimler Group excluding Daimler Financial Services
Daimler AG
Contents
Results for Q1 2016
Outlook for 2016
China
Appendix
Daimler AG
Assumptions for automotive markets in 2016
Car markets
Global
around +3%
Western Europe
slight growth
USA
China
Medium- and
heavy-duty truck
markets
Van markets
Bus markets
around the prior-year level
significant growth
NAFTA region
around -15%
Europe
around +10%
Japan*
around the prior-year level
Brazil
around -20%
Indonesia*
around -15%
Europe
slight growth for small, mid-size and large vans
USA
slight growth
Western Europe
slight growth
Brazil
significant decrease
* including light-duty trucks
Daimler AG
2016 sales outlook
Mercedes-Benz Cars
Significantly higher unit sales
Strong momentum from renewed SUV portfolio and further plug-in hybrid models
Launch of all-new E-Class, C-Class Coupé, S-Class Cabriolet and smart fortwo cabrio
Daimler Trucks
Unit sales significantly below the prior-year level
Sustained market leadership in weakening NAFTA market, strong product portfolio
across all regions, expansion of global market presence with regional centers
Mercedes-Benz Vans
Significantly higher unit sales
Significant growth in core market Western Europe
Continued momentum from “Mercedes-Benz Vans goes global” strategy
Daimler Buses
Unit sales at the prior-year level
Maintain market leadership in core markets
Significant growth in Western Europe, significantly lower demand in Brazil
Daimler AG
2016 outlook for EBIT from ongoing business
We expect Group EBIT for FY 2016 to increase slightly
based on the following expectations for divisional EBIT:
Mercedes-Benz Cars
Daimler Trucks
Slightly above the prior-year level
Significantly below the prior-year level
Significantly above the prior-year level
Mercedes-Benz Vans
Daimler Buses
Daimler AG
Contents
Results for Q1 2016
Outlook for 2016
China
Appendix
Daimler AG
Clear aspiration for all our divisions
Mercedes-Benz
Cars
Daimler Trucks
“Most successful
premium
manufacturer”
“No 1 in
the global truck
business”
Mercedes-Benz
Vans
“Most successful
player in
worldwide van
business”
Daimler Buses
Daimler Financial
Services
“No 1 in the
global bus
business”
“Best financial
and mobility
services provider”
15
Daimler AG
The four strategic focus areas of Daimler
Daimler AG
Digitalization puts the focus on the customer
Digital target picture Daimler
Vision
„Shaping the future of safe and sustainable mobility“
We are among the leaders in our industry regarding digital work
environment and culture. Our customers perceive us as the most innovative
digital automotive manufacturer.
Mission statement
DigitalLife@Daimler
Indirect
customer perception
Direct
customer perception
Key digital
levers
Products & Services
Success factors
Processes and Structures
Digitalization of the value chain1)
Digital skills & Corporate culture
Management system
1) Industry 4.0
Daimler AG
Profit targets
Profit targets [Return on Sales / Return on Equity1) in %]
10 8
Mercedes-Benz
Cars
Daimler
Trucks
9
Mercedes-Benz
Vans
6 17
Daimler
Buses
Daimler
Financial Services
Return on sales-target for the automotive business : 9 percent
1) Daimler Financial Services
Daimler AG
Contents
Results for Q1 2016
Outlook for 2016
China
Appendix
Daimler AG
Mercedes-Benz Cars
Daimler AG
Mercedes-Benz Cars: our product offensive continues
Jan.
GLS facelift
E-ClassSedan
sedan
E-Class
smart cabrio
SL facelift
Feb.
March
April
CLA facelift
May
June
July
E-Class
(long wheelbase)
August
Sept.
2016
Nov.
Dec.
2017
S-Class Cabriolet
SLC facelift
Daimler AG
Oct.
smart EV
C-Class Cabriolet
E-Class
station wagon
GLC Coupé
smart: Summer in the city
Daimler AG
CO2-emissions (g/km)
We are on our way to emission-free driving
Example: MBC fleet consumption in Europe
230
220
210
200
190
180
170
160
150
140
130
120
110
100
0
Daimler AG
230
-44%
183
173
160
158
-6g
150
140
134
129
123
125
EU Legislation
95
9.2 l
7.3 l
6.9 l
6.4 l
6.3 l
6.0 l
5.6 l
5.4 l
5.2 l
5.0 l
1995
2007
2008
2009
2010
2011
2012
2013
2014
Actual
2015
<4.0 l
Target
2016
until 2020
Our roadmap for sustainable mobility
High-tech
combustion engines
Mercedes-AMG Plug-in
GT S: Fuel consumption urban/extra-urban/combined:
12,5-12,2/7,9-7,8/9,6-9,4 l/100 km,
Electric vehicles
CO2 emissions combined: 224-219 g/km.
hybrids
with battery or fuel-cell
24
Daimler AG
The new diesel engine OM654 …
… the first member of a complete new engine family
17% weight reduction
13% CO₂ reduction
24% friction reduction
18 kW more power
-80% NOx emissions
11% faster acceleration
Daimler AG
Our Plug-In Hybrid Rollout is at full speed
C-Class
Daimler AG
Product offensive to fuel our sales offensive
Mercedes-Benz
sales development
Current
Product
offensive
First
product
offensive
Schematic
representation
1.63 m
530 k
1992
Daimler AG
2015
2025
Efficiency increase for profitable growth
Our growth plan
Schematic
representation
Revenue growth
Asset and fixed cost development
Today
Daimler AG
2020
Autonomous driving goes far beyond technology
Daimler AG
The new E-Class takes autonomous and accident-free driving
to the next level
Car-to-X-Communication
PRE-SAFE® PLUS
Beltbag
Active Lane Keeping Assist
Remote
Park-Pilot
PRE-SAFE®
Impulse Side
DRIVE PILOT
with Distance Pilot DISTRONIC, Steering
Pilot, Active Lane Change Assist,
Active Emergency Stop Assist,
Speed Limit Pilot
PRE-SAFE®
Active Blind Spot Assist
Active Braking Assist
with Pedestrian Detection, Cross-Traffic
Function and Congestion Emergency Braking
Function
MULTIBEAM LED Headlights
Evasive Steering Assist
with Adaptive High Beam Assist
Daimler AG
Connectivity as ‘enabling technology’ is the core of…
Infotainment
Examples
Safety
EVs
Examples
Examples
Autonomous
Driving
Examples
Navigation
Remote Services
Live Traffic Information
Car-2-Car Communication
Radio/ Media
Range on Map
Car-2-X Warnings
Smart Routing
Internet/ Apps
Charging Station Search
Emergency Call
Intelligent Parking Assist
Daimler AG
Our target: No.1 premium car manufacturer
Sales target
Profitability target
In thousand units
Return on Sales in %
significantly
higher
than 2015
No. 1
2,001
on a sustainable basis
2015
Daimler AG
2016
2020
Daimler Trucks
Daimler AG
Broadest and strongest truck portfolio in our history
Daimler AG
Our strategy pays off – and we continue executing it
Daimler AG
Technology Leadership
Global Market Presence
Intelligent Platforms
in efficiency, safety and
connectivity
in traditional and
emerging markets
for tailored products and
decisive economies of scale
Efficiency: the most efficient trucks are Daimler Trucks
~13%
less fuel than previous model
Mercedes-Benz Actros
Daimler AG
~7%
Freightliner Cascadia Evolution
~5%
Fuso Super Great V
Efficiency: we are pioneering alternative drivetrains
Atego
Hybrid
Technology
Center
with hybrid
drivetrain
1970
2000
Daimler AG
Unimog Introduction
E-Drive Canter Eco
Hybrid
2002
2006
FUSO Canter
E-Cell@IAA
2010
2nd Generation
Canter E-Cell
2014
Fleet test
Portugal
2015
Stuttgart
2016
Efficient trucks and integrated powertrain components
will strengthen undisputed market leadership in NAFTA
Integrated Powertrain
Penetration rate components, as of April 2016 Built
Heavy Duty Engines - HDEP
95%
Automated Manual Transmission – DT12
67%
Front Axle
76%
Rear Axle
53%
Daimler AG
Heavy investment in captive powertrain components
Capacity Investments
HD Engine
HDEP 2020
MDES NAFTA
• Daimler Trucks HD engines are
• Currently no captive NAFTA MD engine
HD Transmission
• Strong NAFTA demand challenges
current Heavy-duty (HD) powertrain
leading in Total Cost of Ownership
capacities
in NAFTA & Europe
• Invest to provide additional capacities
for HD engine and transmission
• To maintain this position,
investments for further technology
• Target: Repeat HD Powertrain success
story in terms of Fuel Efficiency/TCO
• Invest in roll-out of MD engine platform in
NAFTA
improvements of HD engine are
being made
Daimler AG
Safety: many firsts on our record
1981
Anti-lock Braking System
(ABS)
2001
Electronic Stability Program (ESP)
2006
Daimler AG
Active Break Assist (ABA)
Safety: new Blind Spot Monitor improves active safety further
Daimler AG
We are pioneering autonomous driving
Future Truck
Inspiration Truck
Highway Pilot
Highway Pilot Connect
world premiere
premiere on US highway
test licence for German autobahn
world premiere of platooning
2014
Daimler AG
2015
2016
We will lead in connectivity like we do in autonomous driving
•
•
•
Daimler AG
Less fuel: ~7% savings/entire platoon
More safety: shorter reaction time
(< 0,1 sec. vs. 1.4 sec. driver)
Less space: 3 trucks span 80m vs. 150m
Connectivity: the truck becomes the mobile data center of
the logistics network
AUTHORITY
FINANCE
PARTNER
LOGISTICS
PROVIDER
CUSTOMER
TRUCK
OTHER
VEHICLES
CARGO
TERMINAL
INFRASTRUCTURE
Daimler AG
MANUFACTURER
REST AREA
WORKSHOP
INSURANCE
Connectivity: with its real-time information, the connected
truck solves major logistics inefficiencies
NO MORE WAITING TIME
All information
transmitted digitally
in advance (e.g. toll)
NO MORE OVERBOOKED
REST AREAS
Connected truck makes
reservation in time
NO MORE
EMPTY RUNS
Ride sharing
platforms for cargo
Daimler AG
NO MORE
TRAFFIC JAMS
Real-time data from
infrastructure & vehicles
With our new Regional Centers, we push sales and after
sales in emerging markets
Southern
Asia
Middle East/
Northern Africa
Central
Africa
Latin
America
Daimler AG
Southeast
Asia
Southern
Africa
Roll-out of intelligent platforms continues:
most integrated set-up of all Truck manufacturer in the world
EU
LA
China
Heavy-duty
engines
Medium-duty
engines
Transmissions
Chassis
Electric/
Electronic
Cab
architecture
Triad
Daimler AG
Emerging markets
In discussion
Sticking to our target: undisputed leader in the truck industry
Sales target
Profitability target
In thousand units
Return on Sales in %
~700
496
>500
over the cycle
2014
Daimler AG
2015
2020
Daimler AG
Services become an ever-more important part of our
business model
Daimler AG
Financing
Banking
Leasing
Carsharing
Insurance
Taxi
Fleet Management
Moovel
Supporting all Daimler brands
Daimler AG
We finance every second vehicle sold by Daimler
Daimler AG
Strong business growth
2015
117
2014
99
2012
Contract volume (€ billion)
2007
59
2008
63
2011
2010
2009
58
64
72
80
2013
84
58
2015
48
New acquisitions (€ billion)
41
28
2007
Daimler AG
30
2008
34
25
29
38
2014
2013
2012
2011
2010
2009
We are about to re-invent personal mobility
Selfdriving
Daimler AG
Mobility Marketplace
Ride4Hire
car2go is the world‘s largest carsharing company
car2go
1.2 million customers
Daimler AG
14,400 vehicles
31 cities
>10% electric vehicles
New rental every
1.4 seconds
339 million km driven
moovel – find, book and pay
moovel
Public transport
Carsharing
Taxi
Bikesharing
Railway
Daimler AG
mytaxi – the world‘s first taxi app
mytaxi
3-4 minutes until arrival
Number of tours tripled
40 cities
> 10 million downloads
45,000 registered drivers
Daimler AG
Contents
Results for Q1 2016
Outlook for 2016
China
Appendix
Daimler AG
Daimler presence in Mainland China
Daimler Northeast Asia Parts Trading & Services Co.,
Ltd.
Daimler Greater China Ltd.
Mercedes-Benz (China) Ltd.
Equity: DAI 100%
Business: Spare Parts trading & services
Equity: DAI 100%
Business: Investment Holding
Equity: DAI 75% / LSH 25%
Business: MB PV wholesale
Mercedes-Benz Parts Manufacturing & Services Ltd.
Beijing Mercedes-Benz Sales Service Co., Ltd.
Equity: DAI 100%
Business: Parts Re-manufacture
Equity: DAI 51% / BAIC 49%
Business: MB PV sales management
Daimler Trucks and Buses (China) Ltd.
Mercedes-Benz Auto Finance Ltd.
Equity: DAI 100%
Business: Daimler Trucks & Buses wholesale
Equity: DAI 100%
Business: Financial Services
Beijing Benz Automotive Co., Ltd.
Beijing
Product: MB C-Class, E-Class, GLC SUV, GLA SUV
Mercedes-Benz Leasing Co., Ltd.
Business: Finance Lease, Operating Lease
Beijing Foton Daimler Automotive Co., Ltd.
Fuzhou
car2go China Co., Ltd.
Equity: DAI 50% / Foton 50%
Product: MHDT Auman Truck, OM457 Engine
Shenzhen
Equity: DAI 100%
Business: car2go business operation
Fujian Benz Automotive Co., Ltd.
Equity: FJMG 50% / DAI 34% / CMC 16%
Product: MB Vito/Viano, Sprinter
Shenzhen BYD Daimler New Technology Co., Ltd.
Equity: DAI 50% / BYD 50%
Product: DENZA
Daimler AG
Daimler in China
Mercedes-Benz Cars
Production
Distribution
R&D
Auto Finance
Daimler Trucks
Production and
Distribution
Beijing
Fuzhou
Shenzhen
Daimler AG
Mercedes-Benz Vans
Production and
Distribution
NEV Development,
Production and
Distribution
We do our homework and we’re determined to pick up the
pace in China
Integrated Sales Organization
Expansion Dealer Network
Extension Product Portfolio
Extension Local Production
Extension Local R&D
Leverage Financial Services
Daimler AG
Mercedes-Benz Cars Sales Development in China
Retail Sales (incl. Hong Kong)
in thousands of units
387
299
236
204
212
152
111
2010
Daimler AG
2011
2012
2013
2014
2015
Q1 2016
Local production in China is ramping up resulting in
increasing retail sales and at-equity result at BBAC
- in units -
- in millions of euros -
240.000
BBAC at-equity result
237.894
BBAC retail sales
1,0
220.000
0,9
200.000
0,8
180.000
160.000
0,7
147.633
0,6
140.000
120.000
108.540
100.000
0,5
0,4
79.171
80.000
60.000
114.320
71.723
45.396
0,2
40.000
20.000
86
142
101
84
133
441
114
0
0,1
0,0
2010
Daimler AG
0,3
2011
2012
2013
2014
2015
Q1 2016
Mercedes-Benz Network Development in China
Number of Outlets
+55
502
+106
447
+79
341
+55
262
+41
207
166
2010
Daimler AG
2011
2012
2013
2014
2015
Key Product Launches in 2015 and 2016
15
Mercedes-Maybach (January 2015)
GLA SUV (April 2015)
C-Class W205 (June 2015)
GLE Sport SUV (September 2015)
GLE SUV (October 2015)
GLC SUV (November 2015)
new/facelifted cars
launched in 2015
2016
continue product
offensive in China
Daimler AG
new
E-Class
GLS SUV
C-Class Coupe
facelifted
new
more to come
……
Contents
Results for Q1 2016
Outlook for 2016
China
Appendix
Daimler AG
EBIT by division
Q1 2015
Q1 2016
- EBIT in millions of euros; RoS in % -
EBIT
RoS*
EBIT
RoS*
Daimler Group
2,906
8.4
2,148
5.7
1,841
9.4
1,395
7.0
Daimler Trucks
472
5.6
516
6.3
Mercedes-Benz Vans
215
8.9
301
10.7
34
3.9
39
4.7
409
–
432
–
Reconciliation
-65
–
-535
–
of which
Mercedes-Benz Cars
Daimler Buses
* Return on sales; Daimler Group excluding Daimler Financial Services
Daimler AG
Group EBIT in Q1 2016
+243
-212
-300
2,906
• Cars
• Trucks
• Vans
• Buses
+234
-108
+97
+20
• Cars
• Trucks
• Vans
• Buses
-187
-3
-32
+10
+23
• Cars
• Trucks
• Vans
• Buses
-4
-508
-417
+94
+50
-27
2,148
of which:
• Impairment
BAIC Motor
-244
• Currency
transactions
-222
• Workforce adjustments MB Vans -30
• Recall due to
Takata airbags
-24
• Own dealer
network
+17
• Sale of real
estate in USA*
-87
Actual
Q1 2015
Volume/
Structure/
Net pricing
Foreign
exchange
rates
Other cost
changes
Financial
Services
Reconciliation
Special items
affecting
EBIT
Actual
Q1 2016
* in Q1 2015
Daimler AG
Special items affecting EBIT
Mercedes-Benz Cars
Restructuring of own dealer network
Q1 2015
Q1 2016
-20
-10
Relocation of headquarters of MBUSA
-20
–
Sale of real estate in the United States
+87
–
–
-20
-5
–
-4
-1
-55
–
-4
-1
-2
–
Recall in connection with Takata airbags
–
-4
Workforce adjustments in Germany
–
-30
-1
–
–
-244
–
-222
Recall in connection with Takata airbags
Daimler Trucks
Workforce adjustments
Sale of Atlantis Foundries
Mercedes-Benz Vans
Relocation of headquarters of MBUSA
Daimler Buses
Reconciliation
Impairment of investment in BAIC Motor
Losses from currency transactions (not allocated to business operations)
in millions of euros
Daimler AG
Mercedes-Benz Cars: decrease in EBIT due to life-cycle
effects
Unit sales
Revenue
– in thousands of units –
– in billions of euros –
– in millions of euros –
460
497
+8%
19.5
+2%
20.0
1,794
-21%
1,425
Q1 2015
Daimler AG
Q1 2016
Q1 2015
Q1 2016
Q1 2015
Q1 2016
Mercedes-Benz Cars: EBIT from ongoing business
- 369
9.2%*
1,794
Higher unit sales
Net pricing
7.1%*
Model mix and regional structure
1,425
Foreign exchange rates
Higher expenses for new technologies and
future products
EBIT
Q1 2015
EBIT
Q1 2016
* Return on sales
Daimler AG
Mercedes-Benz Cars: sales volume above prior-year level
- in thousands of units -
497
460
35
smart
Sports Cars
116
158
SUVs*
29
71
21
61
S-Class
E-Class
109
108
C-Class
98
107
A-/B-Class
Q1 2015
Q1 2016
30
7
7
* incl. GLA
Daimler AG
Mercedes-Benz Cars: balanced sales structure
- unit sales in thousands -
497
460
111
Rest of world
131
Western Europe
excl. Germany
70
Germany
77
United States
87
108
China
Q1 2015
Q1 2016
109
111
65
88
Daimler AG
Daimler Trucks: key figures driven by heterogeneous market
development
Unit sales
Revenue
112
Q1 2015
Daimler AG
-6%
106
8.4
Q1 2016
Q1 2015
-2%
8.2
536
Q1 2016
Q1 2015
-4%
517
Q1 2016
Daimler Trucks: EBIT from ongoing business
- 19
6.4%*
536
6.3%*
Higher unit sales in Europe (EU 30)
517
Efficiency enhancements
Lower unit sales in Latin America, Indonesia
and Turkey
EBIT
Q1 2015
EBIT
Q1 2016
* Return on sales
Daimler AG
Daimler Trucks: decrease in unit sales driven by Latin
America, Indonesia and Turkey
112
13
106
10
Rest of world
37
35
Asia
7
6
Latin America
41
40
NAFTA region
14
15
EU 30*
Q1 2015
Q1 2016
* European Union, Switzerland and Norway
Daimler AG
Daimler Trucks: incoming orders significantly below prioryear level
134
18
37
99
10
Rest of world
33
Asia
6
Latin America
29
NAFTA region
20
21
EU 30*
Q1 2015
Q1 2016
7
52
* European Union, Switzerland and Norway
Daimler AG
Mercedes-Benz Vans: success in volatile markets
Unit sales
Revenue
76.6
63.8
2.8
2.4
+20%
+17%
+52%
336
221
Q1 2015
Daimler AG
Q1 2016
Q1 2015
Q1 2016
Q1 2015
Q1 2016
Mercedes-Benz Vans: EBIT from ongoing business
+ 115
11.9%*
Higher unit sales
9.2%*
Efficiency enhancements
221
EBIT
Q1 2015
336
EBIT
Q1 2016
* Return on sales
Daimler AG
Mercedes-Benz Vans: market success of mid-size vans
76.6
63.8
41.0
Sprinter
21.3
Vito
9.3
V-Class*
Citan
40.9
13.2
5.9
3.8
Q1 2015
5.0
Q1 2016
* incl. Viano
Daimler AG
Daimler Buses: strong EBIT despite significant market
contraction in Latin America
Unit sales
Revenue
5.7
Q1 2015
Daimler AG
-15%
4.8
Q1 2016
0.9
Q1 2015
-5%
0.8
Q1 2016
+11%
35
Q1 2015
39
Q1 2016
Daimler Buses: EBIT from ongoing business
+4
4.0%*
35
4.7%*
Higher unit sales and better model mix
in Europe
39
Negative impact due to economic situation
in Brazil
EBIT
Q1 2015
EBIT
Q1 2016
* Return on sales
Daimler AG
Daimler Buses: lower demand for bus chassis in Brazil
- unit sales in thousands -
5.7
0.5
0.7
4.8
0.4
0.7
Rest of world
Latin America
(excl. Brazil and Mexico)
1.5
Brazil
0.6
0.5
Mexico
1.7
1.7
Europe
Q1 2015
Q1 2016
2.2
Daimler AG
Daimler Financial Services: further business growth
New business
Contract volume
13.2
Q1 2015
Daimler AG
+4%
13.7
116.7
Q1 2016
12/31/2015
-1%
115.7
409
3/31/2016
Q1 2015
+6%
432
Q1 2016
Daimler Financial Services: EBIT from ongoing business
+ 23
17.4%*
20.4%*
409
EBIT
Q1 2015
Higher contract volume
432
EBIT
Q1 2016
* Return on equity
Daimler AG
Daimler Financial Services: exchange-rate adjusted growth in
all regions
- contract volume in billions of euros -
116.7
115.7
20.2
20.8
Africa & Asia-Pacific
50.8
49.2
Americas
25.8
25.6
Europe (excl. Germany)
19.8
20.1
Germany
12/31/2015
3/31/2016
Daimler AG
Daimler Financial Services: net credit losses* at low level
0.89%
0.69%
0.83%
0.68%
0.61%
0.50%
0.51%
0.43%
0.36%
2003
2004
2005
2006
2007
0.34%
2008
2009
2010
2011
2012
0.37%
2013
0.31%
2014
0.24%
0.25%
2015
Q1 2016
* as a percentage of portfolio, subject to credit risk
Daimler AG
Development of dividend per share
- in euros -
+76%
3.25
2.45
2.20
2.20
2.25
2011
2012
2013
1.85
2010
Daimler AG
2014
2015
Increased investment as a basis for profitable growth
14.2
11.6
9.8
10.5
10.5
10.5
8.5
4.8
5.7
Actual
2010
Daimler AG
Actual
2011
Actual
2012
Actual
2013
Actual
2014
7.0
Investment in
property, plant
and equipment
6.6
7.2
Research and
development
expenditure
Actual
2015
Plan
2016/17
(average p.a.)
5.1
Capital expenditure / Research and development
Investment in property, plant
and equipment
Research and development
expenditure
7.0
Daimler AG
4.8
5.1
Actual
2014
Actual
2015
6.6
7.2
5.7
Plan
2016/2017
(average p.a.)
Actual
2014
Actual
2015
Plan
2016/2017
(average p.a.)
Capital expenditure / Research and development
Investment in property, plant
and equipment
Actual
2014
Actual
2015
4.8
5.1
Mercedes-Benz Cars
3.6
Daimler Trucks
Research and development
expenditure
Actual
2014
Actual
2015
7.0
5.7
6.6
7.2
3.6
5.0
4.0
4.7
5.4
0.8
1.1
1.4
1.2
1.3
1.3
Mercedes-Benz Vans
0.3
0.2
0.6
0.3
0.4
0.4
Daimler Buses
0.1
0.1
0.1
0.2
0.2
0.2
0.02
0.03
0.02
–
–
–
Daimler Group
Plan*
2016-2017
Plan*
2016-2017
of which
* average p.a.
Daimler AG
MBC retail sales by model YTD March 2016
- in units -
Retail sales
YTD March 2016
Mercedes-Benz
of which*:
YTD March 2015
Change in %
483,487
429,532
+13%
A-/B-Class
107,927
93,902
+15%
C-Class
108,283
114,317
-5%
E-Class
66,196
72,014
-8%
S-Class
22,559
28,200
-20%
SUVs**
162,237
107,323
+51%
Sports Cars
6,884
7,126
-3%
V-Class
9,401
6,650
+41%
35,453
28,744
+23%
518,940
458,276
+13%
smart
Mercedes-Benz Cars
* incl. Derivatives
** incl. GLA
Daimler AG
MBC retail sales by model FY 2015
- in units -
Retail sales
FY 2015
Mercedes-Benz
of which*:
FY 2014
Change in %
1,871,599
1,650,007
+13%
A-/B-Class
414,365
389,577
+6%
C-Class
460,497
343,195
+34%
E-Class
301,566
338,205
-11%
S-Class
107,335
107,277
0%
SUVs**
525,894
415,363
+27%
Sports Cars
30,441
31,440
-3%
V-Class
31,501
24,950
+26%
119,382
89,844
+33%
1,990,981
1,739,923
+14%
smart
Mercedes-Benz Cars
* incl. Derivatives
** incl. GLA
Daimler AG
MBC retail sales major markets YTD March 2016
- in units -
Retail sales
China*
thereof PbP
USA
Germany
UK
BRIKT**
Italy
Japan
France
South Korea
Spain
Russia
Canada
Turkey
Rest of World
Mercedes-Benz Cars
YTD March
2016
110,870
YTD March
2015
82,618
71,723
46,576
+54%
77,045
72,806
49,837
35,211
24,131
18,950
14,127
13,944
12,837
9,823
9,687
5,288
99,595
518,940
79,706
68,408
41,474
32,520
19,361
18,848
13,028
10,389
10,142
11,503
8,280
4,025
90,494
458,276
-3%
+6%
+20%
+8%
+25%
+1%
+8%
+34%
+27%
-15%
+17%
+31%
+10%
+13%
Change in %
+34%
*Incl. Hong Kong **BRIKT: Brazil, Russia, India, South Korea and Turkey
Daimler AG
MBC retail sales major markets FY 2015
- in units -
Retail sales
China*
thereof PbP
USA
Germany
UK
BRIKT**
Italy
Japan
France
South Korea
Spain
Russia
Canada
Turkey
Rest of World
Mercedes-Benz Cars
FY 2015
FY 2014
Change in %
386,635
299,416
+29%
237,894
147,633
+61%
350,548
309,989
152,929
149,357
76,064
65,983
62,971
45,638
45,132
42,179
39,696
30,433
351,677
1,990,981
340,623
282,347
127,823
131,364
61,596
61,768
55,436
35,985
34,001
50,131
36,474
23,263
309,003
1,739,923
+3%
+10%
+20%
+14%
+24%
+7%
+14%
+27%
+33%
-16%
+9%
+31%
+14%
+14%
*Incl. Hong Kong **BRIKT: Brazil, Russia, India, South Korea and Turkey
Daimler AG
MBC regional retail sales mix YTD March 2016
Rest of World
China*
19,2%
21,4%
Canada 1,9%
Spain 2,5%
France 2,7%
Japan 3,7%
Italy
14,8%
USA
4,7%
6,8%
BRIKT**
*Incl. Hong Kong
9,6%
UK
14,0%
Germany
**BRIKT: Brazil, Russia, India, South Korea and Turkey
Daimler AG
MBC regional retail sales mix FY 2015
Rest of World
China*
17,7%
19,4%
Canada 2,0%
Spain 2,3%
France 3,2%
Japan 3,3%
Italy
17,6%
3,8%
USA
7,5%
BRIKT**
7,7%
*Incl. Hong Kong
UK
15,6%
Germany
**BRIKT: Brazil, Russia, India, South Korea and Turkey
Daimler AG
Daimler follows a conservative Financial Policy
Clear commitment to a single A rating
Balanced approach between shareholder interest and credit providers
Dividend policy on a sustainable basis (40% target pay-out ratio)
No share buybacks planned, further pension contributions will be evaluated
Daimler AG
Bond Maturities
Bonds total outstanding as of Q1 2016: 54.2
Bonds
short term
Bonds
long term
Daimler AG
Q2 2016
Q3 2016
Q4 2016
Q1 2017
Next 12
months
-1.2
-4.2
-2.1
-4.6
-12.1
0-1 Y
1-2 Y
2-3 Y
3-4 Y
4-5 Y
5-6 Y
>6 Y
-12.1
-11.6
-8.8
-7.8
-4.9
-2.4
-6.6
Bonds and ABS Development 2013 - 2015
Bond development
-9,4
16,9
Maturities
-10,2
10,8
New deals
38,7
42,9
2013 Actual
2014 Actual
50,8
2015 Actual
ABS development
-5,8
-4,4
6,2
3,5
6,1
6,0
2013 Actual
2014 Actual
7,4
2015 Actual
Note: Figures may not be additive due to rounding.
Daimler AG
Financial Flexibility is Key Liquidity Management Tool
~ 100%
General approach:
Maturities of next 12 months
need to be covered by financial
flexibility*
* Financial flexibility
= Cash
+ Committed Credit Facilities
+ Receivables available for sale (RAFS)
Other
CP
ABS
Potential
ABS
Bank
Loans
Credit
Facility
Liqui FS
Bonds
Liqui IB
Acc. Dep.
available Maturity
Liquidity
Ensures repayment of maturing debt in case of stress scenarios
Daimler AG
Our funding strategy is built on prudent principles
Targeting
Financial
Independence
Maximizing
Financial
Flexibility
No dependence from single markets, instruments, banks or investors
Diversification of funding sources and instruments:
Bank Loans, Bonds, ABS, CP, Deposits
No Covenants, no MAC, no asset pledges, no CSAs
Keeping prudent amount of Cash and Committed Credit Facility
New markets funded via global and local banks first
Early capital market funding to save credit capacity in growth regions
Liquidity matched funding
Stringent Global
Funding Policy
Interest rate matched funding
Currency matched funding
Country matched funding
Daimler AG
Disclaimer
This document contains forward-looking statements that reflect our current views about future events. The words “anticipate,” “assume,” “believe,”
“estimate,” “expect,” “intend,” “may,” ”can,” “could,” “plan,” “project,” “should” and similar expressions are used to identify forward-looking statements.
These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of
demand in our most important markets; a worsening of the sovereign-debt crisis in the euro zone; an increase in political tension in Eastern Europe; a
deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, acts of terrorism,
political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in
currency exchange rates; a shift in consumer preferences towards smaller, lower-margin vehicles; a possible lack of acceptance of our products or
services which limits our ability to achieve prices and adequately utilize our production capacities; price increases for fuel or raw materials; disruption of
production due to shortages of materials, labor strikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation
of cost-reduction and efficiency-optimization measures; the business outlook for companies in which we hold a significant equity interest; the successful
implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle
emissions, fuel economy and safety; the resolution of pending government investigations and the conclusion of pending or threatened future legal
proceedings; and other risks and uncertainties, some of which we describe under the heading “Risk and Opportunity Report” in the current Annual
Report. If any of these risks and uncertainties materializes or if the assumptions underlying any of our forward-looking statements prove to be incorrect,
the actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update
these forward-looking statements since they are based solely on the circumstances at the date of publication.
Daimler AG

Corporate Presentation June 2016

Transcription

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