Mercedes-Benz Group AG · XETR:MBG
Mercedes-Benz — Daimler — Q2 2013 Earnings Presentation
28 slides from Mercedes-Benz's earnings presentation, Jul 24, 2013
Slide 1: Fact Sheet for Q2 2013 and H1 2013
Fact Sheet for Q2 2013 and H1 2013 July 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 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Earnings per share (in EUR)* basic 1.06 1.21 2.31 1.61 0.50 1.26 2.65 1.39 +91% 3.16 2.65 +19% diluted 1.06 1.21 2.31 1.61 0.50 1.26 2.65 1.39 +91%
Slide 4: Key Figures and Ratios
Key Figures and Ratios 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in millions of EUR) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Unit Sales (in units) 528,559 525,517 597,041 596,203 501,600 502,086 605,823 570,343 +6% 1,107,423 1,072,429 +3% Revenue 28,572
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) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Net liquidity at the beginning of the period 8,438 11,489 8,207 10,442 11,508 11,981 10,019
Slide 6: Liquidity
Liquidity 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter End of (in millions of EUR) 2012 2011 2012 2011 2013 2012 2013 2012 Change Q2 2013 2012 Change Group liquidity Cash and cash equivalents 12,279 9,827 10,996 9,576 11,355 11,837 11,607 12,094 -4% 11,607 10,996 +6% Marketable securities and ter
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) 2012 2011 2012 2011 2013 2012 2013 2012 Change Q2 2013 2012 Change Pension benefits Benefit obligations -22.2 -18.0 -23.9 -19.1 -24.0 -19.8 -23.5 -20.2 . -23.5 -23.9 . Plan assets 13.3 12.4
Slide 8: Unit Sales
Unit Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Mercedes-Benz Cars 345,418 337,163 397,464 375,900 341,511 338,303 404,711 370,384 +9% 746,222 708,687 +5% Daimler Trucks 119,142 115,634 112,931 129,4
Slide 9: Production Volume
Production Volume 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Mercedes-Benz Cars 367,199 334,084 368,864 367,049 374,041 364,009 412,009 355,578 +16% 786,050 719,587 +9% Daimler Trucks 118,892 128,347 96,25
Slide 10: Revenue
Revenue 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in millions of EUR) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Mercedes-Benz Cars 15,238 13,826 16,121 15,077 14,110 14,937 16,324 15,364 +6% 30,434 30,301 +0% Daimler Trucks 8,095 7,619 7,782 8,242 7,024 7,
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 %) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Mercedes-Benz Cars EBIT 973 1,108 851 1,230 460 1,230 1,041 1,337 -2
Slide 12: EBIT and RoS from Ongoing Business
EBIT and RoS from Ongoing Business* 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (EBIT in millions of EUR, RoS in %) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Mercedes-Benz Cars EBIT 973 1,108 851 1,230 460 1,230 1,041 1,337 -22% 1,501 2,567 -42% RoS 6.4% 8.0%
Slide 13: Special Items affecting EBIT
Special Items affecting EBIT 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in millions of EUR) 2012 2011 2012 2011 2013 2012 2013 2012 2013 2012 Natural disaster in Japan (Q2 2011: primarily insurance compensation) - -9 - -23 - - - - - - Daimler Trucks Impairment of investment in K
Slide 14: Mercedes-Benz Cars Overview
Mercedes-Benz Cars Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Unit sales (units) 345,418 337,163 397,464 375,900 341,511 338,303 404,711 370,384 +9% 746,222 708,687 +5% Retail sales (units) 335,393 331,523 3
Slide 15: Mercedes-Benz Cars Unit Sales
Mercedes-Benz Cars Unit Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Mercedes-Benz Cars 345,418 337,163 397,464 375,900 341,511 338,303 404,711 370,384 +9% 746,222 708,687 +5% Western Europe 143,183 14
Slide 16: Mercedes-Benz Cars Retail Sales
Mercedes-Benz Cars Retail Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Mercedes-Benz Cars 335,393 331,523 379,899 366,079 350,530 340,877 395,774 367,640 +8% 746,304 708,517 +5% Western Europe 145,099
Slide 17: Mercedes-Benz Cars Market Shares
Mercedes-Benz Cars Market Shares* 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in %) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change in % pts. in % pts. Western Europe 5.5 5.2 5.5 5.0 5.4 4.9 5.6 5.3 +0.3 5.5 5.2 +0.3 of which Germany 10.0 10.2 10.5 10.2 10.4 9.4 1
Slide 18: Daimler Trucks Overview
Daimler Trucks Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Incoming orders (units) 95,432 107,221 108,964 118,134 126,877 106,610 125,791 106,054 +19% 252,668 212,664 +19% Unit sales (units) 119,142 115,634 1
Slide 19: Daimler Trucks Unit Sales
Daimler Trucks Unit Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Daimler Trucks 119,142 115,634 112,931 129,404 101,433 107,664 123,763 122,217 +1% 225,196 229,881 -2% Western Europe 14,193 15,967 15,7
Slide 20: Daimler Trucks Retail Sales
Daimler Trucks Retail Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Daimler Trucks 116,689 107,980 116,903 127,630 100,748 104,765 124,065 116,976 +6% 224,813 221,741 +1% Western Europe 14,373 15,379 16
Slide 21: Daimler Trucks Incoming Orders
Daimler Trucks Incoming Orders 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in units) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Daimler Trucks 95,432 107,221 108,964 118,134 126,877 106,610 125,791 106,054 +19% 252,668 212,664 +19% Western Europe 11,984 15,20
Slide 22: Daimler Trucks Market Shares
Daimler Trucks Market Shares* 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in %) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change in % pts. in % pts. Trucks Europe / Latin America (Mercedes-Benz) Western Europe MDT/HDT 24.0 23.1 22.0 23.7 22.5 22.5 24.0 23.3 +0.8 23
Slide 23: Mercedes-Benz Vans Overview
Mercedes-Benz Vans Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Unit sales (units) 55,742 63,518 76,129 78,668 52,623 51,223 69,436 69,324 +0% 122,059 120,547 +1% Retail sales (units) 58,874 64,011 71,089 74,9
Slide 24: Mercedes-Benz Vans Unit Sales
Mercedes-Benz Vans Unit Sales 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Wholesales (in units) 55,742 63,518 76,129 78,668 52,623 51,223 69,436 69,324 +0% 122,059 120,547 +1% Western Europe 33,085 40,136 50,909 54,87
Slide 25: 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 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Retail sales (in units) 58,874 64,011 71,089 74,922 52,752 52,131 68,631 68,184 +1% 121,383 120,315 +1% Western Europe 35,8
Slide 26: Daimler Buses Overview
Daimler Buses Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Unit sales* (units) 8,257 9,202 10,517 12,231 6,033 4,896 7,913 8,418 -6% 13,946 13,314 +5% Production (units) 9,207 10,805 7,935 10,810 7,358 6,370 9
Slide 27: Daimler Buses Unit Sales and Market Shares
Daimler Buses Unit Sales and Market Shares 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change Wholesales* (in units) 8,257 9,202 10,517 12,231 6,033 4,896 7,913 8,418 -6% 13,946 13,314 +5% Western Europe 1,625 1,531 2,217 2,
Slide 28: Daimler Financial Services Overview
Daimler Financial Services Overview 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter January - June (in millions of EUR) 2012 2011 2012 2011 2013 2012 2013 2012 Change 2013 2012 Change New business 9,968 8,601 10,471 9,627 8,619 8,257 10,292 9,380 +10% 18,911 17,637 +7% Contract volume (end of period