Mercedes-Benz Group AG · XETR:MBG
Mercedes-Benz — Daimler — Q2 2018 Earnings Presentation
28 slides from Mercedes-Benz's earnings presentation, Jul 26, 2018
Slide 1: Fact Sheet for Q2 and H1 2018
Fact Sheet for Q2 and H1 2018 July 26, 2018
Slide 2: Contents
Contents Daimler Group Stock Market Information 3 Earnings and Financial Situation 4 - 12 Information for Divisions Mercedes-Benz Cars 13 - 16 Daimler Trucks 17 - 21 Mercedes-Benz Vans 22 - 24 Daimler Buses 25 - 26 Daimler Financial Services 27 Daimler Mobility Services 28 2
Slide 3: Stock Market Information
Stock Market Information 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Earnings per share* (in EUR) basic 2.01 2.43 2.93 2.01 2.12 2.39 1.61 2.28 -29% 3.74 4.67 -20% diluted 2.01 2.43 2.93 2.01 2.12 2.39 1.61 2.28 -29%
Slide 4: Key Figures and Ratios
Key Figures and Ratios 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in millions of EUR) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Unit Sales (in units) 824,130 754,130 873,040 799,031 806,905 754,259 833,005 822,504 +1% 1,639,910 1,576,763 +4% Revenue* 40,745
Slide 5: Free Cash Flow and Net Liquidity of the Industrial Business
Free Cash Flow and Net Liquidity of the Industrial Business 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in millions of EUR) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change 1) Net liquidity at the beginning of the period 18,382 17,448 20,832 17,906 16,597 19,737 18
Slide 6: Liquidity
Liquidity 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter End of (in millions of EUR) 2017 2016 2017 2016 2018 2017 2018 2017 Change Q2 2018 2017 Change Group liquidity Cash and cash equivalents 17,401 14,189 12,072 10,981 14,058 12,966 14,334 12,995 +10% 14,334 12,072 +19% Marketable securities and
Slide 7: Pension and Health-Care Benefits
Pension and Health-Care Benefits 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter End of (in billions of EUR) 2017 2016 2017 2016 2018 2017 2018 2017 Change Q2 2018 2017 Change Pension benefits Benefit obligations -31.7 -33.6 -31.7 -31.2 -31.5 -31.2 -31.7 -31.7 . -31.7 -31.7 . Plan assets 23.7 22.7 2
Slide 8: Unit Sales
Unit Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Mercedes-Benz Cars 597,253 565,564 613,026 589,119 594,299 568,070 590,690 595,178 -1% 1,184,989 1,163,248 +2% Daimler Trucks 126,558 97,143 133,711 10
Slide 9: Production Volume
Production Volume 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Mercedes-Benz Cars 639,058 596,443 587,020 545,839 608,071 584,942 601,343 600,358 +0% 1,209,414 1,185,300 +2% Daimler Trucks 129,845 98,741 122
Slide 10: Revenue
Revenue* 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in millions of EUR) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Mercedes-Benz Cars 23,355 23,251 24,905 23,931 22,998 22,521 22,575 23,570 -4% 45,573 46,091 -1% Daimler Trucks 9,210 7,851 9,564 8,466 8,619 7
Slide 11: Earnings Before Interest and Taxes (EBIT) and Return on Sales (RoS)
Earnings Before Interest and Taxes (EBIT) and Return on Sales (RoS)* 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (EBIT in millions of EUR, RoS in %) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Mercedes-Benz Cars EBIT 2,105 2,746 2,375 2,561 2,060 1,998 1,901 2,
Slide 12: Disclosed Items Affecting EBIT
Disclosed Items Affecting EBIT 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in millions of EUR) 2017 2016 2017 2016 2018 2017 2018 2017 2018 2017 Restructuring of own dealer network - 41 - -53 - - - - - - Mercedes-Benz Expenses in connection with Takata airbags - - - -20 - - - - -
Slide 13: Mercedes-Benz Cars Overview
Mercedes-Benz Cars Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Unit sales (units) 597,253 565,564 613,026 589,119 594,299 568,070 590,690 595,178 -1% 1,184,989 1,163,248 +2% Retail sales (units) 603,766 563,4
Slide 14: Mercedes-Benz Cars Unit Sales
Mercedes-Benz Cars Unit Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Mercedes-Benz Cars 597,253 565,564 613,026 589,119 594,299 568,070 590,690 595,178 -1% 1,184,989 1,163,248 +2% Europe 252,839 244,55
Slide 15: Mercedes-Benz Cars Retail Sales
Mercedes-Benz Cars Retail Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Mercedes-Benz Cars 603,766 563,487 606,503 584,798 625,030 594,781 629,462 619,367 +2% 1,254,492 1,214,148 +3% Europe 261,192 247,
Slide 16: Mercedes-Benz Cars Market Shares
Mercedes-Benz Cars Market Shares* 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in %) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change in % pts. in % pts. European Union 6.7 6.6 6.3 6.5 5.9 5.9 5.8 6.3 -0.5 5.9 6.1 -0.2 of which Germany 11.3 10.5 10.3 11.3 10.0 10.1
Slide 17: Daimler Trucks Overview
Daimler Trucks Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Incoming orders (units) 116,691 83,944 145,811 109,951 183,761 123,728 143,963 114,360 +26% 327,724 238,088 +38% Unit sales (units) 126,558 97,143 13
Slide 18: Daimler Trucks Unit Sales
Daimler Trucks Unit Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Daimler Trucks 126,558 97,143 133,711 104,019 113,846 94,007 123,910 116,429 +6% 237,756 210,436 +13% EU30* 20,874 21,307 23,611 22,616
Slide 19: Daimler Trucks Retail Sales
Daimler Trucks Retail Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Daimler Trucks 116,280 102,999 138,499 114,881 112,222 98,058 123,260 112,481 +10% 235,482 210,539 +12% EU30* 19,307 19,348 24,000 24,
Slide 20: Daimler Trucks Incoming Orders
Daimler Trucks Incoming Orders 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Daimler Trucks 116,691 83,944 145,811 109,951 183,761 123,728 143,963 114,360 +26% 327,724 238,088 +38% EU30* 18,968 17,067 22,887
Slide 21: Daimler Trucks Market Shares
Daimler Trucks Market Shares* 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in %) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change in % pts. in % pts. Trucks Europe / Latin America (Mercedes-Benz) EU30** HDT/MDT 22.1 21.2 21.2 21.3 18.3 18.8 19.8 20.9 -1.1 19.3 20.2
Slide 22: Mercedes-Benz Vans Overview
Mercedes-Benz Vans Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Unit sales (units) 93,106 85,238 117,748 97,628 93,016 86,778 110,883 103,393 +7% 203,899 190,171 +7% Retail sales (units) 82,322 74,625 96,756 8
Slide 23: Mercedes-Benz Vans Unit Sales
Mercedes-Benz Vans Unit Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Wholesales (in units) 93,106 85,238 117,748 97,628 93,016 86,778 110,883 103,393 +7% 203,899 190,171 +7% EU30* 58,966 57,761 83,435 68,625 60,4
Slide 24: Mercedes-Benz Vans Retail Sales and Market Shares
Mercedes-Benz Vans Retail Sales and Market Shares 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Retail sales (in units) 82,322 74,625 96,756 85,654 74,194 72,144 84,606 87,447 -3% 158,800 159,591 -0% EU30* 53,821 50,642
Slide 25: Daimler Buses Overview
Daimler Buses Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Unit sales* (units) 7,213 6,185 8,555 8,265 5,744 5,404 7,522 7,504 +0% 13,266 12,908 +3% Production (units) 7,089 6,952 6,873 7,052 6,924 6,583 8,620
Slide 26: Daimler Buses Unit Sales and Market Shares
Daimler Buses Unit Sales and Market Shares 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Wholesales* (in units) 7,213 6,185 8,555 8,265 5,744 5,404 7,522 7,504 +0% 13,266 12,908 +3% EU30** 1,864 1,842 3,229 3,185 1,367
Slide 27: Daimler Financial Services Overview
Daimler Financial Services Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in millions of EUR) 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change New business 17,437 15,658 18,547 17,030 17,861 16,812 18,341 17,925 +2% 36,202 34,737 +4% Contract volume (end of p
Slide 28: Daimler Mobility Services Overview
Daimler Mobility Services Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2017 2016 2017 2016 2018 2017 2018 2017 Change 2018 2017 Change Interactions (in millions) 31.7 11.9 36.5 16.8 37.5 21.3 42.4 26.4 +61% 79.9 47.7 +68% car2go 6.0 5.5 6.4 6.2 6.3 6.2 6.1 6.3 -3% 12.4 12.