Mercedes-Benz Group AG · XETR:MBG
Mercedes-Benz — Daimler — Q3 2015 Earnings Presentation
28 slides from Mercedes-Benz's earnings presentation, Oct 22, 2015
Slide 1: Fact Sheet for Q3 and January-September 2015
Fact Sheet for Q3 and January-September 2015 October 22, 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 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Earnings per share (in EUR) basic 1.02 1.53 1.83 0.96 2.12 1.97 2.23 2.56 -13% 6.19 5.48 +13% diluted 1.02 1.53 1.83 0.96 2.12 1.97 2.23 2.56 -
Slide 4: Key Figures and Ratios
Key Figures and Ratios 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Unit Sales (in units) 713,906 651,326 641,614 565,799 714,759 628,857 720,016 637,423 +13% 2,076,389 1,832,079 +13% Revenue
Slide 5: Free Cash Flow and Net Liquidity of the Industrial Business
Free Cash Flow and Net Liquidity of the Industrial Business 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change 1) Net liquidity at the beginning of the period 17,875 12,577 16,953 13,834 20,522 14,4
Slide 6: Liquidity
Liquidity 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter End of (in millions of EUR) 2014 2013 2015 2014 2015 2014 2015 2014 Change Q3 2015 2014 Change Group liquidity Cash and cash equivalents 9,667 11,053 12,219 11,819 9,843 10,794 12,057 12,610 -4% 12,057 9,667 +25% Marketable securities and ter
Slide 7: Pension and Health-Care Benefits
Pension and Health-Care Benefits 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter End of (in billions of EUR) 2014 2013 2015 2014 2015 2014 2015 2014 Change Q3 2015 2014 Change Pension benefits Benefit obligations -30.1 -23.2 -33.0 -24.7 -28.2 -25.8 -28.9 -27.5 . -28.9 -30.1 . Plan assets 18.6 14.6 1
Slide 8: Unit Sales
Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Mercedes-Benz Cars 483,359 423,895 459,708 389,476 500,694 418,685 508,350 431,041 +18% 1,468,752 1,239,202 +19% Daimler Trucks 135,517 134,550 11
Slide 9: Production Volume
Production Volume 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Mercedes-Benz Cars 480,759 410,674 494,970 407,458 503,950 406,639 540,200 459,259 +18% 1,539,120 1,273,356 +21% Daimler Trucks 123,599 123
Slide 10: Revenue
Revenue 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Mercedes-Benz Cars 20,132 17,352 19,509 17,004 21,136 17,771 20,707 18,677 +11% 61,352 53,452 +15% Daimler Trucks 8,839 8,502 8,414 7,121 9
Slide 11: Earnings Before Interest and Taxes (EBIT) and Return on Sales (RoS)
Earnings Before Interest and Taxes (EBIT) and Return on Sales (RoS) 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (EBIT in millions of EUR, RoS in %) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Mercedes-Benz Cars EBIT 1,677 1,305 1,841 1,183 2,227 1,409 2,18
Slide 12: EBIT and RoS from Ongoing Business
EBIT and RoS from Ongoing Business 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (EBIT in millions of EUR, RoS in %) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Mercedes-Benz Cars EBIT 1,758 1,385 1,794 1,183 2,234 1,409 2,161 1,614 +34% 6,189 4,206 +47% RoS
Slide 13: Reconciliation: Special Items affecting EBIT
Special Items affecting EBIT 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2014 2013 2015 2014 2015 2014 2015 2014 2015 2014 Impairment of investments in the area of alternative drive systems - -80 - - - - - -30 - -30 Mercedes- Benz Cars Restructuring of ow
Slide 14: Mercedes-Benz Cars Overview
Mercedes-Benz Cars Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Unit sales (units) 483,359 423,895 459,708 389,476 500,694 418,685 508,350 431,041 +18% 1,468,752 1,239,202 +19% Retail sales* (units) 477,8
Slide 15: Mercedes-Benz Cars Unit Sales
Mercedes-Benz Cars Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Mercedes-Benz Cars 483,359 423,895 459,708 389,476 500,694 418,685 508,350 431,041 +18% 1,468,752 1,239,202 +19% Western Europe
Slide 16: Mercedes-Benz Cars Retail Sales
Mercedes-Benz Cars Retail Sales* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Mercedes-Benz Cars 477,825 426,088 458,346 397,708 502,243 432,628 503,853 431,690 +17% 1,464,442 1,262,026 +16% Western Eur
Slide 17: Mercedes-Benz Cars Market Shares
Mercedes-Benz Cars Market Shares* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in %) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change in % pts. in % pts. Western Europe 5.7 5.6 5.8 5.3 5.8 5.4 6.0 5.5 +0.5 5.9 5.4 +0.5 of which Germany 9.9 9.7 9.9 9.8 10.1 9.6
Slide 18: Daimler Trucks Overview
Daimler Trucks Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Incoming orders (units) 172,863 119,564 134,148 134,014 123,539 124,694 106,378 118,966 -11% 364,065 377,674 -4% Unit sales (units) 135,517 134,
Slide 19: Daimler Trucks Unit Sales
Daimler Trucks Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Daimler Trucks 135,517 134,550 112,424 108,529 125,113 126,066 128,496 125,556 +2% 366,033 360,151 +2% Western Europe 17,718 22,968
Slide 20: Daimler Trucks Retail Sales
Daimler Trucks Retail Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Daimler Trucks 146,002 141,996 104,783 102,098 121,927 123,795 123,651 119,409 +4% 350,361 345,302 +1% Western Europe 17,712 24,7
Slide 21: Daimler Trucks Incoming Orders
Daimler Trucks Incoming Orders 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Daimler Trucks 172,863 119,564 134,148 134,014 123,539 124,694 106,378 118,966 -11% 364,065 377,674 -4% Western Europe 14,585
Slide 22: Daimler Trucks Market Shares
Daimler Trucks Market Shares* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in %) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change in % pts. in % pts. Trucks Europe / Latin America (Mercedes-Benz) Western Europe MDT/HDT 23.9 24.6 21.1 22.0 20.0 26.2 22.8 24.7 -1
Slide 23: Mercedes-Benz Vans Overview
Mercedes-Benz Vans Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Unit sales (units) 85,259 82,771 63,805 61,119 81,611 76,009 75,732 72,207 +5% 221,148 209,335 +6% Retail sales* (units) 77,424 80,163 57,58
Slide 24: Mercedes-Benz Vans Unit Sales
Mercedes-Benz Vans Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Wholesales (in units) 85,259 82,771 63,805 61,119 81,611 76,009 75,732 72,207 +5% 221,148 209,335 +6% Western Europe 54,267 54,521 41,720
Slide 25: Mercedes-Benz Vans Retail Sales and Market Shares
Mercedes-Benz Vans Retail Sales and Market Shares 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Retail sales* (in units) 77,424 80,163 57,582 53,906 73,652 68,502 69,691 66,485 +5% 200,925 188,893 +6% Western Europ
Slide 26: Daimler Buses Overview
Daimler Buses Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Unit sales* (units) 9,771 10,110 5,677 6,675 7,341 8,097 7,438 8,619 -14% 20,456 23,391 -13% Production (units) 6,860 8,352 7,758 7,736 7,972 8,8
Slide 27: Daimler Buses Unit Sales and Market Shares
Daimler Buses Unit Sales and Market Shares 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change Wholesales* (in units) 9,771 10,110 5,677 6,675 7,341 8,097 7,438 8,619 -14% 20,456 23,391 -13% Western Europe 2,908 2,992 1,
Slide 28: Daimler Financial Services Overview
Daimler Financial Services Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2014 2013 2015 2014 2015 2014 2015 2014 Change 2015 2014 Change New business 14,153 11,243 13,227 9,838 14,765 11,515 14,589 12,406 +18% 42,581 33,759 +26% Contract volume (en