Bayerische Motoren Werke AG · XETR:BMW
Bayerische Motoren Werke — BMW Group — Investor Day (October 2012)
24 slides from Bayerische Motoren Werke's investor day presentation, Oct 19, 2012
Slide 1: Capital Markets Day China 2012
Beijing October 19, 2012 CAPITAL MARKETS DAY CHINA 2012 DR. FRIEDRICH EICHINER MEMBER OF THE BOARD OF MANAGEMENT OF BMW AG, FINANCE
Slide 2: China is a success story for the BMW Group
CHINA IS A SUCCESS STORY FOR THE BMW GROUP DOUBLE-DIGIT GROWTH BY YEAR-END 2012. Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 2
Slide 3: China's economic development: 12th Five-Year Plan
CHINA’S ECONOMIC DEVELOPMENT. THE 12TH FIVE-YEAR PLAN (2011–2015) AIMS AT A MORE MODERATE GROWTH PATH. (Ø GDP growth = 10.4%) (Ø GDP growth (Target) = 7%) 1990 2000 2010 2015 Economic growth Income Urbanization and Energy saving and from export/ redistribution and regional environmental investment d
Slide 4: Content
CONTENT. 1 Status BMW Group 2 Status BMW Group in China 3 Outlook 4 Summary Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 4
Slide 5: Content
CONTENT. 1 Status BMW Group 2 Status BMW Group in China 3 Outlook 4 Summary Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 5
Slide 6: On track to meet our guidance: sales volume above previous year
ON TRACK TO MEET OUR GUIDANCE: SALES VOLUME ABOVE PREVIOUS YEAR. BMW Group Sales development (units) September 2012 1.335 million + 8.3 % Sales America Europe Asia by continent +6.3% YTD +0.8% YTD +27.2% YTD Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 6
Slide 7: Market conditions will be more difficult in 2013
MARKET CONDITIONS WILL BE MORE DIFFICULT IN 2013. European markets will worsen in 2013 Additional costs for future investments Staying the strategic course Start of electromobility with the BMW i3 Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 7
Slide 8: Content
CONTENT. 1 Status BMW Group 2 Status BMW Group in China 3 Outlook 4 Summary Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 8
Slide 9: Growing significance of China
GROWING SIGNIFICANCE OF CHINA. China has great potential for the future as well. China‘s significance for the BMW Group continues to grow. Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 9
Slide 10: Chinese premium segment shows solid growth
GLOBAL INSIGHT DATA: CHINESE PREMIUM SEGMENT SHOWS SOLID GROWTH, IN MEDIUM-TERM AT A LOWER PACE. OUR OWN GROWTH EXPECTATIONS ARE LOWER. Premium Segment Development China in units of a thousand 3,000 CAGR: ca. +6% 2,603 2,500 2,000 CAGR: 1,981 ca. +19% 1,500 CAGR: 933 1,000 +43% 500 111 0 2005 2011 2
Slide 11: China has become a major engine for growth of global premium segment
CHINA HAS BECOME A MAJOR ENGINE FOR THE GROWTH OF GLOBAL PREMIUM SEGMENT. China’s share of global premium segment 4% 8% >15% 18% FC 2007 2009 2011 2012 China Rest of World Source: Global Insight Data Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 11
Slide 12: Income distribution: further growth of premium-relevant classes
INCOME DISTRIBUTION: FURTHER GROWTH OF PREMIUM-RELEVANT UPPER AND UPPER MIDDLE CLASS. Income class definition by annual household income (inflation and purchasing power parity adjusted, base year 2005) 600 Around 46mn. premium- relevant households 15 mn. premium-relevant households CAGR: 31 500 +8.2
Slide 13: Growing HNWI number in mainland China
GROWING HNWI NUMBER IN MAINLAND CHINA – CUSTOMERS HAVE A CLEAR PREFERENCE FOR LUXURY GOODS. Total Number of High Net Worth Individuals (HNWI) with net worth of US$ 1 Million or more in 2011 (unit: Thousands) 3,068 1,822 951 562 1. 2. 3. 4. Source: 2012 Global Wealth Report, by Capgemini and RBC Weal
Slide 14: Mainland China: urbanization in fast motion
MAINLAND CHINA: URBANIZATION IN FAST MOTION. Level of urbanization already at 50%. Urbanization is driven by medium sized cities. Urban agglomerations by size Population (m) Level of urbanization (%) Urban population (m) 1600 80 1000 70 900 800 1200 60 700 50 > 10 m 600 800 Rural population 40 5 - 1
Slide 15: BMW Brilliance Automotive – a joint success story
BMW BRILLIANCE AUTOMOTIVE – A JOINT SUCCESS STORY. Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 15
Slide 16: China's dealer network
CHINA‘S DEALER NETWORK – BY END OF SEPTEMBER 332 BMW OUTLETS AND 76 MINI OUTLETS. ROLLS- ROYCE HAS 13 DEALERS IN EAST AND CENTRAL CHINA. Daqing Jiamusi Harbin Mudanjiang Kelamayi Changchun Songyuan Urumqi Shenyang Jilin Hohhot Jinzhou Baotou Beijing Panjin Anshan Erdos Yingkou DatongLangfang Qinhuan
Slide 17: BMW X1, 3 Series LWB and 7 Series support growth
BMW X1 AND 3 SERIES LONG WHEEL BASE FROM LOCAL PRODUCTION, AS WELL AS BMW 7 SERIES SUPPORT GROWTH. BMW 5 SERIES LWB CONTINUES SUCCESS. Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 17
Slide 18: Further expansion of production capacity
FURTHER EXPANSION OF PRODUCTION CAPACITY. LOCAL PRODUCTION OF ABOUT 150,000 UNITS BY END OF 2012. Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 18
Slide 19: BMW Financial Services China – profitable growth with partners
BMW FINANCIAL SERVICES CHINA – PROFITABLE GROWTH WITH PARTNERS. Business volume of 10 billion RMB (~1.2 billion Euros) Penetration rate in August 2012 was ~12% Contracts are partly concluded with cooperation partners Growth by expansion of portfolio Capital Markets Day China 2012, Dr. Friedrich Eich
Slide 20: Content
CONTENT. 1 Status BMW Group 2 Status BMW Group in China 3 Outlook 4 Summary Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 20
Slide 21: The BMW Group is on growth track in China
THE BMW GROUP IS ON GROWTH TRACK IN CHINA. Double-digit Sales Growth in the coming years Growing local production Further growth in our market presence, across all tier cities Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 21
Slide 22: Content
CONTENT. 1 Status BMW Group 2 Status BMW Group in China 3 Outlook 4 Summary Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 22
Slide 23: China will remain our growth driver in Asia
CHINA WILL REMAIN OUR GROWTH DRIVER IN ASIA. OUR TARGET IS A BALANCED GLOBAL MARKET APPROACH. Capital Markets Day China 2012, Dr. Friedrich Eichiner Page 23
Slide 24: Capital Markets Day China 2012
Beijing, October 19, 2012 CAPITAL MARKETS DAY CHINA 2012 DR. FRIEDRICH EICHINER MEMBER OF THE BOARD OF MANAGEMENT OF BMW AG, FINANCE