Daimler Corporate Presentation Spring 2015

Transcription

Corporate Presentation
Spring 2015
1
Contents
HIGHLIGHTS AND RESULTS FOR Q1 2015
DAIMLER GROUP STRATEGY
DIVISIONAL INFORMATION
OUTLOOK FOR 2015
APPENDIX
2
Mercedes-Benz Cars: product highlights
New Mercedes-Benz GLE Coupé
New Mercedes-Benz CLA Shooting Brake
New Mercedes-Maybach S 600 Pullman
Research vehicle F 015 Luxury in Motion
3
Daimler Trucks: product highlights
Mercedes-Benz Actros wins the “Fuel Duel”
Mercedes-Benz Econic NGT with natural-gas engine
Western Star 5700XE
BharatBenz tractor trailers
4
Mercedes-Benz Vans: product highlights
Mercedes-Benz Vito Tourer
Mercedes-Benz Marco Polo compact camper van of the year
Mercedes-Benz Vito 4x4 Panel Van
Mercedes-Benz Metris for the North American market
5
Daimler Buses: product highlights
Mercedes-Benz CapaCity L
Mercedes-Benz and Setra buses in annual winter tests
Setra ComfortClass 500 and TopClass 500
Setra TopClass 400 double-decker bus
6
Highlights of Q1 2015
Group unit sales
641,600
+13%
Highest unit sales ever at Mercedes-Benz Cars
459,700
+18%
€2.9bn
+41%
Increase in EBIT from ongoing business
Premiere of the new Mercedes-Benz GLE Coupé
Start of production of the new Mercedes-Benz CLA Shooting Brake
World debut of the new Mercedes-Maybach S 600 Pullman
World premiere of the new research vehicle F 015 Luxury in Motion
Premiere of the new Mercedes-Benz Metris mid-size van for North America
7
Key financials
– in billions of euros –
Q1 2014
Q1 2015
29.5
34.2
as reported
1.8
2.9
from ongoing business
2.1
2.9
Net profit
1.1
2.1
Earnings per share (in euros)
0.96
1.83
Revenue
EBIT
Net liquidity industrial business (2014: year-end)
Free cash flow industrial business
8
17.0
20.5
0.7
2.3
Key balance sheet figures
Daimler Group
Dec. 31, 2014
March 31, 2015
Equity ratio
22.1%
21.0%
Gross liquidity
16.3
19.0
Equity ratio
40.8%
37.7%
Net liquidity
17.0
20.5
Industrial business
9
Net industrial liquidity: development in Q1 2015
Free cash flow industrial business
Q1 2015: €2.3bn
+2.8
-0.4
-0.1
Earnings and
other cash flow
impact
Working capital
impact
Pension/
healthcare
+1.2
20.5
Other
Net industrial
liquidity
3/31/2015*
17.0
Net industrial
liquidity
12/31/2014*
* Dividend not paid out until April
10
(mainly FX effect)
Unit sales
– in thousands of units –
Q1 2014
Daimler Group
Q1 2015
% change
565.8
641.6
+13
Mercedes-Benz Cars
389.5
459.7
+18
Daimler Trucks
108.5
112.4
+4
Mercedes-Benz Vans
61.1
63.8
+4
Daimler Buses
6.7
5.7
-15
of which
11
Revenue by division
Q1 2014
Daimler Group
Q1 2015
% change
29.5
34.2
+16
17.0
19.5
+15
Daimler Trucks
7.1
8.4
+18
Mercedes-Benz Vans
2.2
2.4
+9
Daimler Buses
0.9
0.9
+2
Daimler Financial Services
3.8
4.5
+19
99.0
108.7
+10
of which
Mercedes-Benz Cars
Contract volume of
Daimler Financial Services*
* Figures as of December 31, 2014 and March 31, 2015.
12
EBIT by division
– EBIT in millions of euros; RoS in % –
Q1 2014
EBIT
Daimler Group
Q1 2015
RoS*
EBIT
RoS*
1,787
5.4
2,906
8.4
1,183
7.0
1,841
9.4
Daimler Trucks
341
4.8
472
5.6
Mercedes-Benz Vans
123
5.6
215
8.9
53
6.2
34
3.9
397
–
409
–
Reconciliation
-310
–
-65
–
of which
Mercedes-Benz Cars
Daimler Buses
* Return on sales; Daimler Group excluding Daimler Financial Services
13
Contents
OUTLOOK FOR 2015
APPENDIX
14
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
“No 1 in the
global bus
business”
Daimler Financial
Services
“Best financial
and mobility
services
provider”
15
15
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
16
The four strategic growth areas of Daimler
Core business
New growth markets
Clean, safe, connected
Mobility concepts &
DigitalLife
17
Contents
OUTLOOK FOR 2015
APPENDIX
18
Mercedes-Benz Cars
19
Mercedes-Benz GLE Coupe
4
new high-margin
Mercedes-Benz
SUVs in 2015
20
Mercedes-Benz CLA Shooting Brake
1,354 L
21
maximum load capacity
Mercedes-AMG GT
3.8 s
from zero to 100 km/h
Mercedes-AMG GT S: Fuel consumption urban/extra-urban/combined: 12,5-12,2/7,9-7,8/9,6-9,4 l/100 km,
CO2 emissions combined: 224-219 g/km.
22
By significantly expanding our portfolio we create the
basis for further profitable growth
…
+
23
Plug-In vehicles:
CO2-emissions (g/km)
- Huge lever to improve MBC fleet consumption 230
220
210
200
190
180
170
160
150
140
130
120
110
100
0
24
24
230
-40%
183
173
160
158
-7%
150
140
134
129
125
EU Legislation
95
9.2 l
7.3 l
6.9 l
6.4 l
1995
2007
2008
2009
6.3 l
6.0 l
5.6 l
5.4 l 5.2 l
5.0 lCO2 emissions combined: 224-219 g/km.
<4.0 l
2010
2011
2012
2013
2014 … 2016 …
until 2020
Our strategy towards electric mobility
10
new plug-in hybrid models
by 2017
25
25
C-Class 350 e
2.1 l
31 km
fuel per 100 kilometres
range in all-electric mode
26
26
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
27
2014
2025
Efficiency increase for profitable growth
Our growth plan
Schematic
representation
Revenue growth
Asset and fixed cost development
Today
28
2020
China: key market for our growth plans
≫300,000
2015 units sales target
for Mercedes-Benz in China
29
Autonomous driving goes far beyond technology
15
years from now
this car could be reality
30
Daimler Trucks
31
Broadest and strongest truck portfolio in history
32
We’re focusing our energy on the right issues
Technology leadership Global Market Presence Intelligent Platforms
in efficiency, safety and
connectivity
33
in traditional and
emerging markets
for tailored products and
decisive economies of scale
Efficiency: the most efficient trucks are Daimler Trucks
~11%
less fuel than “fuel duel” competitors*
Mercedes-Benz Actros
~7%
less fuel than previous model
Freightliner Cascadia Evolution
*Average saving versus competitor vehicles in over 600 so-called “fuel duels” in European fleets in 2014.
34
~5%
below Fuel Efficiency Standard in Japan
Fuso Super Great V
Safety: step by step towards autonomous driving with
the Future Truck 2025
35
Connectivity: the truck becomes part of an interacting
environment
Driver
Service
36
Headquarters
Technician
+6%
-20%
uptime
repair costs
Grow our strong position in core markets,
develop our position in emerging markets
Russia
Europe
Japan
NAFTA
Middle
East
Brazil
Latin America
37
Africa
China
India
Southeast
Asia
Asia Business Model
India, Africa: product offensive continues
New BharatBenz trucks for India
38
New FUSO trucks from India for
Africa, Asia, and Latin America
Even closer to our customers with new sales structure
39
NAFTA: integrated powertrain components are real
game-changers
Status: Year end 2014
Heavy Duty Engines - DD15 & DD13
89% Penetration
Automated Manual Transmission – DT12
23% Penetration
Front Axle
70% Penetration
Rear Axle
50% Penetration
40
We implement our platform strategy in all key regions
EU
LA
Heavy-duty
engines
Medium-duty
engines
Transmissions
Cab
architecture
Electrics/
electronics
Chassis
Existing platform components
41
Further platforms in discussion
Our target: undisputed leader in the truck industry
Sales target
Profitability target
In thousand units
Return on Sales in %
700
496
2014
42
>500
over the cycle
2015
2020
43
43
Strong business growth
– Contract volume [€ billion]–
99
44
56
59
2006
2007
63
2008
58
2009
64
2010
72
2011
80
2012
84
2013
2014
Services become an ever-more important part of our
business model
Financing
Insurance
Leasing
Mobility Services
Fleet Management
Banking Services
Mercedes-Benz Rent
* Global average penetration rate with regard to passenger cars and commercial vehicles
45
Nearly every second vehicle
delivered to customers worldwide
is being financed or leased*
Mobility services on growth path
>1,000,000
46
people use our mobility services
Contents
OUTLOOK FOR 2015
APPENDIX
47
Our product offensive continues
2015
• 2015
Mercedes-Benz
Cars
MercedesMaybach
MercedesAMG GT
CLA Shooting
Brake
GLE Coupé
GLE
Mercedes-Benz
Vans
Vito panel van / Vito Tourer
(Europe)
Metris
(Vito NAFTA)
Vito
(Latin America)
Daimler
Trucks
Western Star 5700XE
MB Unimog off-road
Econic NGT
BharatBenz 3413
Arocs HAD
Daimler
Buses
Mercedes-Benz
CapaCity
48
MB Citaro NGT
Setra MultiClass Low Entry 3-Axle
BharatBenz Buses
Assumptions for automotive markets in 2015
Car markets
Global
around +3%
Western Europe
slight growth
USA
slight growth
China
Medium- and
heavy-duty truck
markets
Van markets
Bus markets
* including light-duty trucks
49
significant growth
NAFTA region
+10 to 15%
Europe
+5 to 10%
Japan*
around the prior year level
Brazil
around -30%
Indonesia*
around -20%
Europe
slight growth
Europe
slight growth
Brazil
at least -20%
2015 sales outlook
• Significantly higher unit sales based on young and attractive product portfolio
• Strong momentum from full availability of new C-Class and smart models
• Launch of all-new Mercedes-Maybach, Mercedes-AMG GT, CLA Shooting Brake and GLE Coupé
• Significantly higher unit sales due to strong product portfolio
• Strong order backlog, especially in NAFTA region
• Growth potential due to new Asia Business Model
• Significantly higher unit sales
• Strong momentum from full availability of new Vito and V-Class
• Product expansion to North and South America
• Significant decrease in unit sales
• Maintain market leadership in Western Europe and Brazil
• Stable sales development in Europe, significant sales decrease in Latin America
50
2015 outlook for EBIT from ongoing business
We expect Group EBIT for FY 2015 to increase significantly
based on the following expectations for divisional EBIT:
Significantly above the prior-year level
Significantly below the prior-year level
Slightly above the prior-year level
This guidance is based on current outlined market expectations and current exchange-rate expectations.
51
Contents
OUTLOOK FOR 2015
APPENDIX
52
EBIT from ongoing business
– EBIT in millions of euros; RoS in % –
Q1 2014
EBIT
Daimler Group
Q1 2015
RoS*
EBIT
RoS*
2,072
6.5
2,930
8.5
1,183
7.0
1,794
9.2
Daimler Trucks
346
4.9
536
6.4
Mercedes-Benz Vans
123
5.6
221
9.2
54
6.3
35
4.0
397
–
409
–
Reconciliation
-31
–
-65
–
of which
Mercedes-Benz Cars
Daimler Buses
* Return on sales; Daimler Group excluding Daimler Financial Services
53
Group EBIT in Q1 2015
– in millions of euros –
+261
•
•
•
•
Cars
Trucks
Vans
Buses
-43
+130
-37
+26
+12
+34
+76
+770
•
•
•
•
Cars
Trucks
Vans
Buses
-34
of which:
• Sale of property
in USA
+87
• Sale of Atlantis
Foundries
-55
• Hedge of Tesla
share price* +161
• Put option for
RRPSH*
+118
+90
-67
+38
-27
1,787
•
•
•
•
Actual
Q1 2014
* in Q1 2014
54
Cars
Trucks
Vans
Buses
+563
+127
+97
-17
Volume/
Structure/
Net pricing
Foreign
exchange
rates
Other cost
changes
2,906
Financial
Services
Reconciliation
Special items
affecting
EBIT
Actual
Q1 2015
Special items affecting EBIT
1st quarter
Mercedes-Benz Cars
Restructuring of sales organization in Germany*
2014
–
-20
Relocation of MBUSA headquarters
–
-20
Sale of property in USA
–
+87
Daimler Trucks
Workforce adjustments**
-5
-5
–
-4
Sale of Atlantis Foundries
–
-55
–
-4
–
-2
-1
–
–
-1
-118
–
-161
–
Mercedes-Benz Vans
Relocation of MBUSA headquarters
Daimler Buses
Business repositioning
Reconciliation
Measurement of put option for Rolls-Royce Power Systems Holding
Hedge of Tesla share price
* We expect expenses for the restructuring of the sales organization in Germany in a total of up to €500 million in 2015 and 2016.
** Daimler Trucks expects expenses of up to €50 million in 2015.
55
2015
Mercedes-Benz Cars: further growth through success
of attractive models
Unit sales
Revenue
460
389
17.0
19.5
1,794
1,183
Q1 2014
56
Q1 2015
Q1 2014
Q1 2015
Q1 2014
Q1 2015
Mercedes-Benz Cars: EBIT from ongoing business
+ 611
Higher unit sales
9.2%*
Net pricing
1,794
7.0%*
Efficiency enhancements
1,183
Regional structure
Higher expenses for new technologies, future products
and additional capacity
Foreign exchange rates
EBIT
Q1 2014
* Return on sales
57
EBIT
Q1 2015
Mercedes-Benz Cars: sales volume at new record level
389
23
460
30
smart
86
SUV segment
129
Compact cars
75
113
C-Class
81
71
E-Class
29
32
S-Class
Q1 2014
Q1 2015
81
100
58
Mercedes-Benz Cars: balanced sales structure
– Unit sales in thousands –
460
389
109
Rest of world
111
Western Europe
excl. Germany
65
Germany
88
United States
70
87
China
Q1 2014
Q1 2015
90
93
59
77
59
Daimler Trucks: successful development in
heterogeneous market environment
Unit sales
Revenue
109
112
8.4
536
7.1
346
Q1 2014
60
Q1 2015
Q1 2014
Q1 2015
Q1 2014
Q1 2015
Daimler Trucks: EBIT from ongoing business
+ 190
6.4%*
Higher unit sales in NAFTA region
4.9%*
346
Efficiency enhancements
536
Lower unit sales in Latin America and Indonesia
Higher warranty costs and expenses for additional capacity
EBIT
Q1 2014
* Return on sales
61
EBIT
Q1 2015
Daimler Trucks: higher unit sales in NAFTA region
109
112
11
16
Rest of world
41
37
Asia
7
Latin America
41
NAFTA region
12
11
Western Europe
Q1 2014
Q1 2015
10
35
62
Daimler Trucks: incoming orders at a high level
134
130
15
44
10
63
21
Rest of world
37
Asia
Latin America
3
52
52
NAFTA region
13
17
Western Europe
Q1 2014
Q1 2015
Mercedes-Benz Vans: success in volatile markets
Unit sales
Revenue
61.1
63.8
2.2
2.4
221
123
Q1 2014
64
Q1 2015
Q1 2014
Q1 2015
Q1 2014
Q1 2015
Mercedes-Benz Vans: EBIT from ongoing business
+ 98
9.2%*
221
5.6%*
123
EBIT
Q1 2014
* Return on sales
65
Higher unit sales in Europe and NAFTA region
Model mix
EBIT
Q1 2015
Mercedes-Benz Vans: higher unit sales
61.1
Vario
0.2
37.3
40.9
Sprinter
13.5
13.2
Vito
5.5
4.7
5.9
3.8
Q1 2015
Q1 2014
66
63.8
V-Class
Citan
Daimler Buses: EBIT at a high level despite significant
market contraction in Latin America
Unit sales
Revenue
6.7
0.9
0.9
54
5.7
35
Q1 2014
67
Q1 2015
Q1 2014
Q1 2015
Q1 2014
Q1 2015
Daimler Buses: EBIT from ongoing business
- 19
6.3%*
54
Higher unit sales and model mix in Western Europe
Significantly lower unit sales in Latin America
EBIT
Q1 2014
* Return on sales
68
4.0%*
35
EBIT
Q1 2015
Daimler Buses: lower demand for bus chassis
6.7
0.5
0.5
5.7
0.5
0.7
Rest of world
Latin America
(excl. Brazil and Mexico)
2.2
Brazil
0.7
0.6
Mexico
1.5
1.7
Europe
Q1 2014
Q1 2015
3.5
69
Daimler Financial Services: further business growth
New business
Contract volume
13.2
99.0
108.7
9.8
Q1 2014
70
Q1 2015
12/31/2014
3/31/2015
397
409
Q1 2014
Q1 2015
Daimler Financial Services: EBIT from ongoing business
+ 12
20.4%*
23.7%*
397
Higher contract volume
409
Higher expenses due to business growth
EBIT
Q1 2014
* Return on equity
71
EBIT
Q1 2015
Daimler Financial Services: higher contract volume
108.7
99.0
18.4
Africa & Asia/Pacific
48.4
Americas
21.7
23.0
Europe (excl. Germany)
18.7
18.8
Germany
12/31/2014
3/31/2015
15.4
43.1
72
Daimler Financial Services: net credit losses* at low
level
0,89%
0,69%
0,68%
0,50%
0,83%
0,61%
0,51%
0,36%
0,43%
0,34% 0,37%
0,31%
0.20%
2003
2004
2005
2006
* as a percentage of portfolio, subject to credit risk
73
2007
2008
2009
2010
2011
2012
2013
2014
2015
YTD
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, epidemics, acts of terrorism, political unrest, 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 official 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.
74

Daimler Corporate Presentation Spring 2015

Transcription

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