Mercedes-Benz Group AG · XETR:MBG
Mercedes-Benz — Daimler — Q2 2017 Earnings Presentation
27 slides from Mercedes-Benz's earnings presentation, Jul 26, 2017
Slide 1: Fact Sheet for Q2 2017 and H1 2017
Fact Sheet for Q2 2017 and H1 2017 July 26, 2017
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 2
Slide 3: Stock Market Information
Stock Market Information 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Earnings per share (in EUR) basic 2.43 2.23 2.01 1.69 2.53 1.26 2.28 2.27 +0% 4.81 3.54 +36% diluted 2.43 2.23 2.01 1.69 2.53 1.26 2.28 2.27 +0% 4.8
Slide 4: Key Figures and Ratios
Key Figures and Ratios 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in millions of EUR) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Unit Sales (in units) 754,130 720,016 799,031 776,625 754,259 683,885 822,504 761,340 +8% 1,576,763 1,445,225 +9% Revenue 38,597
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) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change 1) Net liquidity at the beginning of the period 17,448 18,435 17,906 19,527 19,737 18,580 21
Slide 6: Liquidity
Liquidity 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter End of (in millions of EUR) 2016 2015 2016 2015 2017 2016 2017 2016 Change Q2 2017 2016 Change Group liquidity Cash and cash equivalents 14,189 12,057 10,981 9,936 12,966 12,723 12,995 13,988 -7% 12,995 10,981 +18% Marketable securities and t
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) 2016 2015 2016 2015 2017 2016 2017 2016 Change Q2 2017 2016 Change Pension benefits Benefit obligations -33.6 -28.9 -31.2 -27.6 -31.2 -30.2 -31.7 -32.3 . -31.7 -31.2 . Plan assets 22.7 18.1 2
Slide 8: Unit Sales
Unit Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Mercedes-Benz Cars 565,564 508,350 589,119 532,686 568,070 496,756 595,178 546,517 +9% 1,163,248 1,043,273 +11% Daimler Trucks 97,143 128,496 104,019 1
Slide 9: Production Volume
Production Volume 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Mercedes-Benz Cars 596,443 540,200 545,839 520,703 584,942 523,029 600,358 570,041 +5% 1,185,300 1,093,070 +8% Daimler Trucks 98,741 129,890 90,
Slide 10: Revenue
Revenue 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in millions of EUR) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Mercedes-Benz Cars 23,251 20,707 23,931 22,457 22,723 19,980 23,571 22,122 +7% 46,294 42,102 +10% Daimler Trucks 7,851 9,650 8,466 10,073 7,940
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 %) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Mercedes-Benz Cars EBIT 2,746 2,183 2,561 1,675 2,234 1,395 2,404 1,4
Slide 12: Reconciliation: Disclosed Items Affecting EBIT
Disclosed Items Affecting EBIT 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in millions of EUR) 2016 2015 2016 2015 2017 2016 2017 2016 2017 2016 Restructuring of own dealer network 41 21 -53 -49 - -10 - -11 - -21 Relocation of headquarters of MBUSA - 1 - -9 - - - - - - Mercedes-
Slide 13: Mercedes-Benz Cars Overview
Mercedes-Benz Cars Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Unit sales (units) 565,564 508,350 589,119 532,686 568,070 496,756 595,178 546,517 +9% 1,163,248 1,043,273 +11% Retail sales (units) 563,487 503,
Slide 14: Mercedes-Benz Cars Unit Sales
Mercedes-Benz Cars Unit Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Mercedes-Benz Cars 565,564 508,350 589,119 532,686 568,070 496,756 595,178 546,517 +9% 1,163,248 1,043,273 +11% Europe 244,553 218,6
Slide 15: Mercedes-Benz Cars Retail Sales
Mercedes-Benz Cars Retail Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Mercedes-Benz Cars 563,487 503,853 584,798 526,611 594,781 518,940 619,367 561,189 +10% 1,214,148 1,080,129 +12% Europe 247,262 22
Slide 16: Mercedes-Benz Cars Market Shares
Mercedes-Benz Cars Market Shares* 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in %) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change in % pts. in % pts. European Union 6.6 6.1 6.5 6.0 5.9 5.8 6.3 6.0 +0.3 6.1 5.9 +0.2 of which Germany 10.5 10.1 11.3 10.4 10.1 9.8 1
Slide 17: Daimler Trucks Overview
Daimler Trucks Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Incoming orders (units) 83,944 106,378 109,951 118,255 123,728 98,583 114,360 93,880 +22% 238,088 192,463 +24% Unit sales (units) 97,143 128,496 104,
Slide 18: Daimler Trucks Unit Sales
Daimler Trucks Unit Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Daimler Trucks 97,143 128,496 104,019 136,445 94,007 105,664 116,429 108,282 +8% 210,436 213,946 -2% EU30* 21,307 19,938 22,616 24,793 1
Slide 19: Daimler Trucks Retail Sales
Daimler Trucks Retail Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Daimler Trucks 102,999 123,651 114,881 137,901 98,058 105,152 112,481 112,684 -0% 210,539 217,836 -3% EU30* 19,348 19,478 24,292 24,44
Slide 20: Daimler Trucks Incoming Orders
Daimler Trucks Incoming Orders 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Daimler Trucks 83,944 106,378 109,951 118,255 123,728 98,583 114,360 93,880 +22% 238,088 192,463 +24% EU30* 17,067 17,098 21,988 19
Slide 21: Daimler Trucks Market Shares
Daimler Trucks Market Shares* 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in %) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change in % pts. in % pts. Trucks Europe / Latin America (Mercedes-Benz) EU30** HDT/MDT 22.3 23.6 21.7 23.5 19.6 20.1 21.8 21.5 +0.3 21.0 21.0
Slide 22: Mercedes-Benz Vans Overview
Mercedes-Benz Vans Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Unit sales (units) 85,238 75,732 97,628 99,869 86,778 76,647 103,393 99,583 +4% 190,171 176,230 +8% Retail sales (units) 74,625 69,691 85,654 86,
Slide 23: Mercedes-Benz Vans Unit Sales
Mercedes-Benz Vans Unit Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Wholesales (in units) 85,238 75,732 97,628 99,869 86,778 76,647 103,393 99,583 +4% 190,171 176,230 +8% EU30* 57,761 51,228 68,625 68,365 60,539
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 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Retail sales (in units) 74,625 69,691 85,654 86,814 72,144 66,387 87,447 82,572 +6% 159,591 148,959 +7% EU30* 50,642 46,199
Slide 25: Daimler Buses Overview
Daimler Buses Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Unit sales* (units) 6,185 7,438 8,265 7,625 5,404 4,818 7,504 6,958 +8% 12,908 11,776 +10% Production (units) 6,952 7,070 7,052 6,292 6,583 5,576 7,97
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 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change Wholesales* (in units) 6,185 7,438 8,265 7,625 5,404 4,818 7,504 6,958 +8% 12,908 11,776 +10% EU30** 1,842 1,935 3,185 3,257 1,392
Slide 27: Daimler Financial Services Overview
Daimler Financial Services Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in millions of EUR) 2016 2015 2016 2015 2017 2016 2017 2016 Change 2017 2016 Change New business 15,658 14,589 17,030 15,310 16,812 13,707 17,925 15,415 +16% 34,737 29,122 +19% Contract volume (end of