Mercedes-Benz Group AG · XETR:MBG
Mercedes-Benz — Daimler — Q1 2014 Earnings Presentation
28 slides from Mercedes-Benz's earnings presentation, Apr 30, 2014
Slide 1: Fact Sheet for Q1 2014
Fact Sheet for Q1 2014 April 30, 2014
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 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2013 2012 2013 2012 2013 2012 2014 2013 Change Earnings per share (in EUR)* basic 2.65 1.39 1.72 1.06 1.53 2.31 0.96 0.50 +92% diluted 2.65 1.39 1.72 1.06 1.53 2.31 0.96 0.50 +92% Average number of shares outstanding (in millio
Slide 4: Key Figures and Ratios
Key Figures and Ratios 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in millions of EUR) 2013 2012 2013 2012 2013 2012 2014 2013 Change Unit Sales (in units) 605,823 570,343 594,874 528,559 651,326 597,041 565,799 501,600 +13% Revenue 29,692 28,884 30,099 28,572 32,089 29,830 29,457 26,102 +13% E
Slide 5: Free Cash Flow and Net Liquidity of the Industrial Business
Free Cash Flow and Net Liquidity of the Industrial Business 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in millions of EUR) 2013 2012 2013 2012 2013 2012 2014 2013 Change 1) Net liquidity at the beginning of the period 10,019 10,093 11,326 8,438 12,577 8,207 13,834 11,508 +20% Free cash flow 3,
Slide 6: Liquidity
Liquidity 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in millions of EUR) 2013 2012 2013 2012 2013 2012 2014 2013 Change Group liquidity Cash and cash equivalents 11,607 12,094 10,615 12,279 11,053 10,996 11,819 11,355 +4% Marketable securities and term deposits 7,263 2,504 7,219 4,023 7,066 5,
Slide 7: Pension and Health-Care Benefits
Pension and Health-Care Benefits* 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in billions of EUR) 2013 2012 2013 2012 2013 2012 2014 2013 Change Pension benefits Benefit obligations -23.5 -20.2 -23.6 -22.2 -23.2 -23.9 -24.7 -24.0 . Plan assets 13.9 12.9 14.1 13.3 14.6 14.2 14.8 14.3 +3% Funded
Slide 8: Unit Sales
Unit Sales 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2013 2012 2013 2012 2013 2012 2014 2013 Change Mercedes-Benz Cars 404,711 370,384 395,446 345,418 423,895 397,464 389,476 341,511 +14% Daimler Trucks 123,763 122,217 124,465 119,142 134,550 112,931 108,529 101,433 +7% Mercedes-Ben
Slide 9: Production Volume
Production Volume 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2013 2012 2013 2012 2013 2012 2014 2013 Change Mercedes-Benz Cars 412,009 355,578 391,934 367,199 410,674 368,864 407,458 374,041 +9% Daimler Trucks 127,401 120,914 128,289 118,892 123,440 96,253 122,094 111,150 +10% Merced
Slide 10: Revenue
Revenue 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in millions of EUR) 2013 2012 2013 2012 2013 2012 2014 2013 Change Mercedes-Benz Cars 16,324 15,364 16,521 15,238 17,352 16,121 17,004 14,110 +21% Daimler Trucks 7,965 8,129 7,982 8,095 8,502 7,782 7,121 7,024 +1% Mercedes-Benz Vans 2,434 2,42
Slide 11: Earnings Before Interest and Taxes (EBIT) and Return on Sales (RoS)
Earnings Before Interest and Taxes (EBIT) and Return on Sales (RoS)* 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (EBIT in millions of EUR, RoS in %) 2013 2012 2013 2012 2013 2012 2014 2013 Change Mercedes-Benz Cars EBIT 1,041 1,337 1,200 973 1,305 851 1,183 460 +157% RoS 6.4% 8.7% 7.3% 6.4% 7.5%
Slide 12: EBIT and RoS from Ongoing Business
EBIT and RoS from Ongoing Business* 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (EBIT in millions of EUR, RoS in %) 2013 2012 2013 2012 2013 2012 2014 2013 Change Mercedes-Benz Cars EBIT 1,084 1,337 1,251 999 1,385 851 1,183 460 +157% RoS 6.6% 8.7% 7.6% 6.6% 8.0% 5.3% 7.0% 3.3% . Daimler Trucks
Slide 13: Reconciliation: Special Items affecting EBIT
Special Items affecting EBIT 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in millions of EUR) 2013 2012 2013 2012 2013 2012 2014 2013 Mercedes- Benz Cars Impairment of investments in the area of alternative drive systems -43 - -51 -26 -80 - - - Daimler Trucks Workforce adjustments* -82 - -8 - -1
Slide 14: Mercedes-Benz Cars Overview
Mercedes-Benz Cars Overview 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2013 2012 2013 2012 2013 2012 2014 2013 Change Unit sales (units) 404,711 370,384 395,446 345,418 423,895 397,464 389,476 341,511 +14% Retail sales* (units) 395,774 367,640 390,116 335,393 426,088 379,899 397,708 350,530 +13
Slide 15: Mercedes-Benz Cars Unit Sales
Mercedes-Benz Cars Unit Sales 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2013 2012 2013 2012 2013 2012 2014 2013 Change Mercedes-Benz Cars 404,711 370,384 395,446 345,418 423,895 397,464 389,476 341,511 +14% Western Europe 178,247 169,347 151,438 143,183 160,786 162,619 152,329 149,6
Slide 16: Mercedes-Benz Cars Retail Sales
Mercedes-Benz Cars Retail Sales* 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2013 2012 2013 2012 2013 2012 2014 2013 Change Mercedes-Benz Cars 395,774 367,640 390,116 335,393 426,088 379,899 397,708 350,530 +13% Western Europe 173,633 169,412 158,372 145,099 158,154 156,818 158,488 15
Slide 17: Mercedes-Benz Cars Market Shares
Mercedes-Benz Cars Market Shares* 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in %) 2013 2012 2013 2012 2013 2012 2014 2013 Change in % pts. Western Europe 5.6 5.3 5.7 5.5 5.6 5.5 5.3 5.4 -0.1 of which Germany 10.5 10.4 10.5 10.0 9.7 10.5 9.8 10.4 -0.6 USA 1.8 1.8 1.9 1.8 2.6 2.4 2.0 1.9 +0.1 C
Slide 18: Daimler Trucks Overview
Daimler Trucks Overview 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2013 2012 2013 2012 2013 2012 2014 2013 Change Incoming orders (units) 125,791 106,054 125,901 95,432 119,564 108,964 134,014 126,877 +6% Unit sales (units) 123,763 122,217 124,465 119,142 134,550 112,931 108,529 101,433 +7% Ret
Slide 19: Daimler Trucks Unit Sales
Daimler Trucks Unit Sales 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2013 2012 2013 2012 2013 2012 2014 2013 Change Daimler Trucks 123,763 122,217 124,465 119,142 134,550 112,931 108,529 101,433 +7% Western Europe 14,270 15,041 16,662 14,193 22,968 15,722 11,632 11,968 -3% of which G
Slide 20: Daimler Trucks Retail Sales
Daimler Trucks Retail Sales 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2013 2012 2013 2012 2013 2012 2014 2013 Change Daimler Trucks 124,065 116,976 118,448 116,689 141,996 116,903 102,098 100,748 +1% Western Europe 14,286 15,630 14,760 14,373 24,770 16,088 12,131 12,020 +1% of which
Slide 21: Daimler Trucks Incoming Orders
Daimler Trucks Incoming Orders 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2013 2012 2013 2012 2013 2012 2014 2013 Change Daimler Trucks 125,791 106,054 125,901 95,432 119,564 108,964 134,014 126,877 +6% Western Europe 17,263 13,760 22,348 11,984 9,863 13,950 12,627 15,256 -17% of whi
Slide 22: Daimler Trucks Market Shares
Daimler Trucks Market Shares* 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in %) 2013 2012 2013 2012 2013 2012 2014 2013 Change in % pts. Trucks Europe / Latin America (Mercedes-Benz) Western Europe MDT/HDT 24.0 23.3 24.3 24.0 24.6 22.0 22.0 22.5 -0.5 Germany MDT/HDT 39.5 38.0 40.3 39.9 39.0 39.
Slide 23: Mercedes-Benz Vans Overview
Mercedes-Benz Vans Overview 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2013 2012 2013 2012 2013 2012 2014 2013 Change Unit sales (units) 69,436 69,324 65,314 55,742 82,771 76,129 61,119 52,623 +16% Retail sales* (units) 68,631 68,184 66,984 58,874 80,163 71,089 53,906 52,752 +2% Production (uni
Slide 24: Mercedes-Benz Vans Unit Sales
Mercedes-Benz Vans Unit Sales 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2013 2012 2013 2012 2013 2012 2014 2013 Change Wholesales (in units) 69,436 69,324 65,314 55,742 82,771 76,129 61,119 52,623 +16% Western Europe 42,480 46,519 39,528 33,085 54,521 50,909 39,057 32,646 +20% of which Germany
Slide 25: Mercedes-Benz Vans Retail Sales and Market Shares
Mercedes-Benz Vans Retail Sales and Market Shares 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2013 2012 2013 2012 2013 2012 2014 2013 Change Retail sales* (in units) 68,631 68,184 66,984 58,874 80,163 71,089 53,906 52,752 +2% Western Europe 43,391 46,056 40,879 35,891 52,335 46,468 34,503 33,100
Slide 26: Daimler Buses Overview
Daimler Buses Overview 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2013 2012 2013 2012 2013 2012 2014 2013 Change Unit sales* (units) 7,913 8,418 9,649 8,257 10,110 10,517 6,675 6,033 +11% Production (units) 9,269 7,872 9,488 9,207 8,352 7,935 7,736 7,358 +5% Revenue (millions of EUR) 934 1,016
Slide 27: Daimler Buses Unit Sales and Market Shares
Daimler Buses Unit Sales and Market Shares 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2013 2012 2013 2012 2013 2012 2014 2013 Change Wholesales* (in units) 7,913 8,418 9,649 8,257 10,110 10,517 6,675 6,033 +11% Western Europe 1,488 1,377 1,696 1,625 2,992 2,217 1,086 538 +102% of which Germany
Slide 28: Daimler Financial Services Overview
Daimler Financial Services Overview 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in millions of EUR) 2013 2012 2013 2012 2013 2012 2014 2013 Change New business 10,292 9,380 10,379 9,968 11,243 10,471 9,838 8,619 +14% Contract volume (end of period) 81,404 76,096 81,962 77,464 83,539 79,986 84,3