Mercedes-Benz Group AG · XETR:MBG
Mercedes-Benz — Daimler — Q1 2013 Earnings Presentation
28 slides from Mercedes-Benz's earnings presentation, Apr 24, 2013
Slide 1: Fact Sheet for Q1 2013
Fact Sheet for Q1 2013 April 24, 2013
Slide 2: Contents
Contents Daimler Group Stock Market Information 3 Earnings and Financial Situation 4 - 13 Information for Divisions Mercedes-Benz Cars 14 - 17 Daimler Trucks 18 - 22 Mercedes-Benz Vans 23 - 25 Daimler Buses 26 - 27 Daimler Financial Services 28 2
Slide 3: Stock Market Information
Stock Market Information 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2012 2011 2012 2011 2012 2011 2013 2012 Change Earnings per share (in EUR)* basic 1.39 1.51 1.06 1.21 2.11 1.61 0.50 1.26 -60% diluted 1.39 1.51 1.06 1.21 2.11 1.61 0.50 1.26 -60% 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) 2012 2011 2012 2011 2012 2011 2013 2012 Change Unit Sales (in units) 570,343 527,644 528,559 525,517 597,041 596,203 501,600 502,086 -0% Revenue 28,884 26,338 28,572 26,407 29,830 29,066 26,102 27,011 -3% EBI
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) 2012 2011 2012 2011 2012 2011 2013 2012 Change Net liquidity at the beginning of the period 10,093 12,415 8,438 11,489 8,207 10,442 11,508 11,981 -4% Free cash flow 1,005
Slide 6: Liquidity
Liquidity 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in millions of EUR) 2012 2011 2012 2011 2012 2011 2013 2012 Change Group liquidity Cash and cash equivalents 12,094 9,841 12,279 9,827 10,996 9,576 11,355 11,837 -4% Marketable securities and term deposits 2,504 1,614 4,023 1,901 5,598 2,281
Slide 7: Pension and Health-Care Benefits
Pension and Health-Care Benefits* 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in billions of EUR) 2012 2011 2012 2011 2012 2011 2013 2012 Change Pension benefits Benefit obligations -20.2 -17.8 -22.2 -18.0 -23.9 -19.1 -24.0 -19.8 . Plan assets 12.9 11.5 13.3 12.4 14.2 12.6 14.3 12.9 +11% Funded
Slide 8: Unit Sales
Unit Sales 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2012 2011 2012 2011 2012 2011 2013 2012 Change Mercedes-Benz Cars 370,384 357,636 345,418 337,163 397,464 375,900 341,511 338,303 +1% Daimler Trucks 122,217 91,458 119,142 115,634 112,931 129,404 101,433 107,664 -6% Mercedes-Benz
Slide 9: Production Volume
Production Volume 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2012 2011 2012 2011 2012 2011 2013 2012 Change Mercedes-Benz Cars 355,578 349,242 367,199 334,084 368,864 367,049 374,041 364,009 +3% Daimler Trucks 120,914 92,297 118,892 128,347 96,253 121,547 111,150 114,563 -3% Mercedes
Slide 10: Revenue
Revenue 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in millions of EUR) 2012 2011 2012 2011 2012 2011 2013 2012 Change Mercedes-Benz Cars 15,364 14,647 15,238 13,826 16,121 15,077 14,110 14,937 -6% Daimler Trucks 8,129 6,648 8,095 7,619 7,782 8,242 7,024 7,383 -5% Mercedes-Benz Vans 2,420 2,243
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 %) 2012 2011 2012 2011 2012 2011 2013 2012 Change Mercedes-Benz Cars EBIT 1,337 1,566 973 1,108 851 1,230 460 1,230 -63% RoS 8.7% 10.7% 6.4% 8.0% 5.3%
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 %) 2012 2011 2012 2011 2012 2011 2013 2012 Change Mercedes-Benz Cars EBIT 1,337 1,566 973 1,108 851 1,230 460 1,230 -63% RoS 8.7% 10.7% 6.4% 8.0% 5.3% 8.2% 3.3% 8.2% . Daimler Trucks
Slide 13: Special Items affecting EBIT
Special Items affecting EBIT 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in millions of EUR) 2012 2011 2012 2011 2012 2011 2013 2012 Natural disaster in Japan (Q2 2011: primarily insurance compensation) - 11 - -9 - -23 - - Daimler Trucks Impairment of investment in Kamaz - - - -23 - -9 - - Work
Slide 14: Mercedes-Benz Cars Overview
Mercedes-Benz Cars Overview 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2012 2011 2012 2011 2012 2011 2013 2012 Change Unit sales (units) 370,384 357,636 345,418 337,163 397,464 375,900 341,511 338,303 +1% Retail sales (units) 367,640 359,799 335,393 331,523 379,899 366,079 350,530 340,877 +3% P
Slide 15: Mercedes-Benz Cars Unit Sales
Mercedes-Benz Cars Unit Sales 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2012 2011 2012 2011 2012 2011 2013 2012 Change Mercedes-Benz Cars 370,384 357,636 345,418 337,163 397,464 375,900 341,511 338,303 +1% Western Europe 169,347 176,235 143,183 149,683 162,619 159,336 149,691 156,27
Slide 16: Mercedes-Benz Cars Retail Sales
Mercedes-Benz Cars Retail Sales 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2012 2011 2012 2011 2012 2011 2013 2012 Change Mercedes-Benz Cars 367,640 359,799 335,393 331,523 379,899 366,079 350,530 340,877 +3% Western Europe 169,412 177,576 145,099 152,820 156,818 157,148 151,833 153,
Slide 17: Mercedes-Benz Cars Market Shares
Mercedes-Benz Cars Market Shares* 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in %) 2012 2011 2012 2011 2012 2011 2013 2012 Change in % pts. Western Europe 5.3 4.9 5.5 5.2 5.5 5.0 5.6 4.9 +0.7 of which Germany 10.4 9.9 10.0 10.2 10.5 10.2 10.4 9.4 +1.0 USA 1.8 1.8 1.8 1.9 2.4 2.4 1.9 1.8 +0.1 C
Slide 18: Daimler Trucks Overview
Daimler Trucks Overview 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2012 2011 2012 2011 2012 2011 2013 2012 Change Incoming orders (units) 106,054 121,295 95,432 107,221 108,964 118,134 126,877 106,610 +19% Unit sales (units) 122,217 91,458 119,142 115,634 112,931 129,404 101,433 107,664 -6% Ret
Slide 19: Daimler Trucks Unit Sales
Daimler Trucks Unit Sales 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2012 2011 2012 2011 2012 2011 2013 2012 Change Daimler Trucks 122,217 91,458 119,142 115,634 112,931 129,404 101,433 107,664 -6% Western Europe 15,041 15,705 14,193 15,967 15,722 18,223 11,968 13,066 -8% of which Ge
Slide 20: Daimler Trucks Retail Sales
Daimler Trucks Retail Sales 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2012 2011 2012 2011 2012 2011 2013 2012 Change Daimler Trucks 116,976 87,314 116,689 107,980 116,903 127,630 100,748 104,765 -4% Western Europe 15,630 15,649 14,373 15,379 16,088 17,966 12,020 12,878 -7% of which
Slide 21: Daimler Trucks Incoming Orders
Daimler Trucks Incoming Orders 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in units) 2012 2011 2012 2011 2012 2011 2013 2012 Change Daimler Trucks 106,054 121,295 95,432 107,221 108,964 118,134 126,877 106,610 +19% Western Europe 13,760 14,634 11,984 15,204 13,950 14,752 15,256 14,897 +2% of wh
Slide 22: Daimler Trucks Market Shares
Daimler Trucks Market Shares* 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in %) 2012 2011 2012 2011 2012 2011 2013 2012 Change in % pts. Trucks Europe / Latin America (Mercedes-Benz) Western Europe MDT/HDT 23.3 20.8 24.0 23.1 22.0 23.7 22.5 22.5 +0.0 Germany MDT/HDT 38.0 34.2 39.9 39.4 39.6 40.
Slide 23: Mercedes-Benz Vans Overview
Mercedes-Benz Vans Overview 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2012 2011 2012 2011 2012 2011 2013 2012 Change Unit sales (units) 69,324 67,989 55,742 63,518 76,129 78,668 52,623 51,223 +3% Retail sales (units) 68,184 66,778 58,874 64,011 71,089 74,922 52,752 52,131 +1% Production (units
Slide 24: Mercedes-Benz Vans Unit Sales
Mercedes-Benz Vans Unit Sales 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2012 2011 2012 2011 2012 2011 2013 2012 Change Wholesales (in units) 69,324 67,989 55,742 63,518 76,129 78,668 52,623 51,223 +3% Western Europe 46,519 45,791 33,085 40,136 50,909 54,876 32,646 34,394 -5% of which Germany 2
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 2012 2011 2012 2011 2012 2011 2013 2012 Change Retail sales (in units) 68,184 66,778 58,874 64,011 71,089 74,922 52,752 52,131 +1% Western Europe 46,056 45,442 35,891 41,730 46,468 52,144 33,100 35,174
Slide 26: Daimler Buses Overview
Daimler Buses Overview 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2012 2011 2012 2011 2012 2011 2013 2012 Change Unit sales* (units) 8,418 10,561 8,257 9,202 10,517 12,231 6,033 4,896 +23% Production (units) 7,872 10,631 9,207 10,805 7,935 10,810 7,358 6,370 +16% Revenue (millions of EUR) 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 2012 2011 2012 2011 2012 2011 2013 2012 Change Wholesales* (in units) 8,418 10,561 8,257 9,202 10,517 12,231 6,033 4,896 +23% Western Europe 1,377 1,348 1,625 1,531 2,217 2,445 538 632 -15% of which Germany 46
Slide 28: Daimler Financial Services Overview
Daimler Financial Services Overview 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in millions of EUR) 2012 2011 2012 2011 2012 2011 2013 2012 Change New business 9,380 8,387 9,968 8,601 10,471 9,627 8,619 8,257 +4% Contract volume (end of period) 76,096 63,120 77,464 65,767 79,986 71,730 81,656 7