Mercedes-Benz Group AG · XETR:MBG
Mercedes-Benz — Daimler — FY2014 Earnings Presentation
28 slides from Mercedes-Benz's earnings presentation, Feb 5, 2015
Slide 1: Fact Sheet for Q4 and Full Year 2014
Fact Sheet for Q4 and Full Year 2014 February 5, 2015
Slide 2: Contents
Contents Daimler Group l Stock Market Information 3 l Earnings and Financial Situation 4 - 13 Information for Divisions l Mercedes-Benz Cars 14 - 17 l Daimler Trucks 18 - 22 l Mercedes-Benz Vans 23 - 25 l Daimler Buses 26 - 27 l Daimler Financial Services 28 2
Slide 3: Stock Market Information
Stock Market Information 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Earnings per share (in EUR) basic 0.96 0.50 1.97 2.65 2.56 1.72 1.02 1.53 -33% 6.51 6.40 +2% diluted 0.96 0.50 1.97 2.65 2.56 1.72 1.02 1.53 -33% 6.
Slide 4: Key Figures and Ratios
Key Figures and Ratios 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in millions of EUR) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Unit Sales (in units) 565,799 501,600 628,857 605,823 637,423 594,874 713,906 651,326 +10% 2,545,985 2,353,623 +8% Revenue 29,457
Slide 5: Free Cash Flow and Net Liquidity of the Industrial Business
Free Cash Flow and Net Liquidity of the Industrial Business 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in millions of EUR) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change 1) Net liquidity at the beginning of the period 13,834 11,508 14,474 10,019 12,696 11,326 17
Slide 6: Liquidity
Liquidity 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter End of (in millions of EUR) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Group liquidity Cash and cash equivalents 11,819 11,355 10,794 11,607 12,610 10,615 9,667 11,053 -13% 9,667 11,053 -13% Marketable securities and term
Slide 7: Pension and Health-Care Benefits
Pension and Health-Care Benefits 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter End of (in billions of EUR) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Pension benefits Benefit obligations -24.7 -24.0 -25.8 -23.5 -27.5 -23.6 -30.1 -23.2 . -30.1 -23.2 . Plan assets 14.8 14.3 15.2
Slide 8: Unit Sales
Unit Sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in units) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars 389,476 341,511 418,685 404,711 431,041 395,446 483,359 423,895 +14% 1,722,561 1,565,563 +10% Daimler Trucks 108,529 101,433 126,066
Slide 9: Production Volume
Production Volume 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in units) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars 407,458 374,041 406,639 412,009 459,259 391,934 480,759 410,674 +17% 1,754,115 1,588,658 +10% Daimler Trucks 122,094 111,150
Slide 10: Revenue
Revenue 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in millions of EUR) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars 17,004 14,110 17,771 16,324 18,677 16,521 20,132 17,352 +16% 73,584 64,307 +14% Daimler Trucks 7,121 7,024 7,966 7,965 8,463
Slide 11: Earnings Before Interest and Taxes (EBIT) and Return on Sales (RoS)
Earnings Before Interest and Taxes (EBIT) and Return on Sales (RoS) 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (EBIT in millions of EUR, RoS in %) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars EBIT 1,183 460 1,409 1,041 1,584 1,200 1,677 1,305
Slide 12: EBIT and RoS from Ongoing Business
EBIT and RoS from Ongoing Business 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (EBIT in millions of EUR, RoS in %) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars EBIT 1,183 460 1,409 1,084 1,614 1,251 1,758 1,385 +27% 5,964 4,180 +43% RoS 7.0% 3
Slide 13: Reconciliation: Special Items affecting EBIT
Special Items affecting EBIT 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in millions of EUR) 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 Mercedes- Benz Cars Impairment of investments in the area of alternative drive systems - - - -43 -30 -51 - -80 -30 -174 Restructuring of
Slide 14: Mercedes-Benz Cars Overview
Mercedes-Benz Cars Overview 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Unit sales (units) 389,476 341,511 418,685 404,711 431,041 395,446 483,359 423,895 +14% 1,722,561 1,565,563 +10% Retail sales* (units) 397,708 35
Slide 15: Mercedes-Benz Cars Unit Sales
Mercedes-Benz Cars Unit Sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in units) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars 389,476 341,511 418,685 404,711 431,041 395,446 483,359 423,895 +14% 1,722,561 1,565,563 +10% Western Europe 152,
Slide 16: Mercedes-Benz Cars Retail Sales
Mercedes-Benz Cars Retail Sales* 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in units) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars 397,708 350,530 432,628 395,774 431,690 390,116 477,825 426,088 +12% 1,739,851 1,562,508 +11% Western Europe 1
Slide 17: Mercedes-Benz Cars Market Shares
Mercedes-Benz Cars Market Shares* 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in %) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change in % pts. in % pts. Western Europe 5.3 5.4 5.4 5.6 5.5 5.7 5.7 5.6 +0.1 5.5 5.6 -0.1 of which Germany 9.8 10.4 9.6 10.5 9.5 10.5 9.9
Slide 18: Daimler Trucks Overview
Daimler Trucks Overview 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Incoming orders (units) 134,014 126,877 124,694 125,791 118,966 125,901 172,863 119,564 +45% 550,537 498,133 +11% Unit sales (units) 108,529 101,433
Slide 19: Daimler Trucks Unit Sales
Daimler Trucks Unit Sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in units) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Daimler Trucks 108,529 101,433 126,066 123,763 125,556 124,465 135,517 134,550 +1% 495,668 484,211 +2% Western Europe 11,632 11,968 13,2
Slide 20: Daimler Trucks Retail Sales
Daimler Trucks Retail Sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in units) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Daimler Trucks 102,098 100,748 123,795 124,065 119,409 118,448 146,002 141,996 +3% 491,304 485,257 +1% Western Europe 12,131 12,020 13
Slide 21: Daimler Trucks Incoming Orders
Daimler Trucks Incoming Orders 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in units) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Daimler Trucks 134,014 126,877 124,694 125,791 118,966 125,901 172,863 119,564 +45% 550,537 498,133 +11% Western Europe 12,627 15,2
Slide 22: Daimler Trucks Market Shares
Daimler Trucks Market Shares* 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in %) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change in % pts. in % pts. Trucks Europe / Latin America (Mercedes-Benz) Western Europe MDT/HDT 22.0 22.5 26.2 24.0 24.7 24.3 23.9 24.6 -0.7 24
Slide 23: Mercedes-Benz Vans Overview
Mercedes-Benz Vans Overview 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Unit sales (units) 61,119 52,623 76,009 69,436 72,207 65,314 85,259 82,771 +3% 294,594 270,144 +9% Retail sales* (units) 53,906 52,752 68,502 68,
Slide 24: Mercedes-Benz Vans Unit Sales
Mercedes-Benz Vans Unit Sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Wholesales (in units) 61,119 52,623 76,009 69,436 72,207 65,314 85,259 82,771 +3% 294,594 270,144 +9% Western Europe 39,057 32,646 49,579 42,48
Slide 25: Mercedes-Benz Vans Retail Sales and Market Shares
Mercedes-Benz Vans Retail Sales and Market Shares 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Retail sales* (in units) 53,906 52,752 68,502 68,631 66,485 66,984 77,424 80,163 -3% 266,317 268,530 -1% Western Europe 34,
Slide 26: Daimler Buses Overview
Daimler Buses Overview 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Unit sales* (units) 6,675 6,033 8,097 7,913 8,619 9,649 9,771 10,110 -3% 33,162 33,705 -2% Production (units) 7,736 7,358 8,855 9,269 8,034 9,488 6,86
Slide 27: Daimler Buses Unit Sales and Market Shares
Daimler Buses Unit Sales and Market Shares 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Wholesales* (in units) 6,675 6,033 8,097 7,913 8,619 9,649 9,771 10,110 -3% 33,162 33,705 -2% Western Europe 1,086 538 1,706 1,488
Slide 28: Daimler Financial Services Overview
Daimler Financial Services Overview 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Financial Year (in millions of EUR) 2014 2013 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change New business 9,838 8,619 11,515 10,292 12,406 10,379 14,153 11,243 +26% 47,912 40,533 +18% Contract volume (end of p