Mercedes-Benz Group AG · XETR:MBG
Mercedes-Benz — Daimler — Q3 2016 Earnings Presentation
28 slides from Mercedes-Benz's earnings presentation, Oct 21, 2016
Slide 1: Fact Sheet for Q3 and January-September 2016
Fact Sheet for Q3 and January-September 2016 October 21, 2016
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 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Earnings per share (in EUR) basic 1.69 1.02 1.26 1.83 2.27 2.12 2.43 2.23 +9% 5.96 6.19 -4% diluted 1.69 1.02 1.26 1.83 2.27 2.12 2.43 2.23 +9%
Slide 4: Key Figures and Ratios
Key Figures and Ratios 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Unit Sales (in units) 776,625 713,906 683,885 641,614 761,340 714,759 754,130 720,016 +5% 2,199,355 2,076,389 +6% Revenue 40
Slide 5: Free Cash Flow and Net Liquidity of the Industrial Business
Free Cash Flow and Net Liquidity of the Industrial Business 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change 1) Net liquidity at the beginning of the period 19,527 17,875 18,580 16,953 18,465 20,5
Slide 6: Liquidity
Liquidity 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter End of (in millions of EUR) 2015 2014 2016 2015 2016 2015 2016 2015 Change Q3 2016 2015 Change Group liquidity Cash and cash equivalents 9,936 9,667 12,723 12,219 13,988 9,843 14,189 12,057 +18% 14,189 9,936 +43% Marketable securities and ter
Slide 7: Pension and Health-Care Benefits
Pension and Health-Care Benefits 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter End of (in billions of EUR) 2015 2014 2016 2015 2016 2015 2016 2015 Change Q3 2016 2015 Change Pension benefits Benefit obligations -27.6 -30.1 -30.2 -33.0 -32.3 -28.2 -33.6 -28.9 . -33.6 -27.6 . Plan assets 20.2 18.6 2
Slide 8: Unit Sales
Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Mercedes-Benz Cars 532,686 483,359 496,756 459,708 546,517 500,694 565,564 508,350 +11% 1,608,837 1,468,752 +10% Daimler Trucks 136,445 135,517 10
Slide 9: Production Volume
Production Volume 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Mercedes-Benz Cars 520,703 480,759 523,029 494,970 570,041 503,950 596,433 540,200 +10% 1,689,503 1,539,120 +10% Daimler Trucks 127,565 123
Slide 10: Revenue
Revenue 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Mercedes-Benz Cars 22,457 20,132 19,980 19,509 22,122 21,136 23,251 20,707 +12% 65,353 61,352 +7% Daimler Trucks 10,073 8,839 8,204 8,414 8
Slide 11: Earnings Before Interest and Taxes (EBIT) and Return on Sales (RoS)
Earnings Before Interest and Taxes (EBIT) and Return on Sales (RoS) 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (EBIT in millions of EUR, RoS in %) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Mercedes-Benz Cars EBIT 1,675 1,677 1,395 1,841 1,410 2,227 2,74
Slide 12: EBIT and RoS adjusted for special items
EBIT and RoS adjusted for special items 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (EBIT in millions of EUR, RoS in %) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Mercedes-Benz Cars EBIT 2,154 1,758 1,425 1,794 2,209 2,234 2,659 2,161 +23% 6,293 6,189 +2%
Slide 13: Reconciliation: Special Items affecting EBIT
Special Items affecting EBIT 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2015 2014 2016 2015 2016 2015 2016 2015 2016 2015 Restructuring of own dealer network -49 -81 -10 -20 -11 -16 41 21 20 -15 Relocation of headquarters of MBUSA -9 - - -20 - 9 - 1 - -1
Slide 14: Mercedes-Benz Cars Overview
Mercedes-Benz Cars Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Unit sales (units) 532,686 483,359 496,756 459,708 546,517 500,694 565,564 508,350 +11% 1,608,837 1,468,752 +10% Retail sales (units) 526,61
Slide 15: Mercedes-Benz Cars Unit Sales
Mercedes-Benz Cars Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Mercedes-Benz Cars 532,686 483,359 496,756 459,708 546,517 500,694 565,564 508,350 +11% 1,608,837 1,468,752 +10% Western Europe
Slide 16: Mercedes-Benz Cars Retail Sales
Mercedes-Benz Cars Retail Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Mercedes-Benz Cars 526,611 477,897 518,940 458,276 561,189 502,241 563,487 503,853 +12% 1,643,616 1,464,370 +12% Europe 229,9
Slide 17: Mercedes-Benz Cars Market Shares
Mercedes-Benz Cars Market Shares* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in %) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change in % pts. in % pts. Western Europe 6.5 5.7 6.1 5.8 6.3 5.8 6.3 6.0 +0.3 6.3 5.9 +0.4 of which Germany 10.4 9.9 9.8 9.9 10.4 10.
Slide 18: Daimler Trucks Overview
Daimler Trucks Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Incoming orders (units) 118,255 172,863 98,583 134,148 93,880 123,539 83,944 106,378 -21% 276,407 364,065 -24% Unit sales (units) 136,445 135,51
Slide 19: Daimler Trucks Unit Sales
Daimler Trucks Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Daimler Trucks 136,445 135,517 105,664 112,424 108,282 125,113 97,143 128,496 -24% 311,089 366,033 -15% EU30* 24,793 20,583 15,469
Slide 20: Daimler Trucks Retail Sales
Daimler Trucks Retail Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Daimler Trucks 137,901 146,002 105,152 104,783 112,684 121,927 102,999 123,651 -17% 320,835 350,361 -8% EU30* 24,443 20,609 14,93
Slide 21: Daimler Trucks Incoming Orders
Daimler Trucks Incoming Orders 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Daimler Trucks 118,255 172,863 98,583 134,148 93,880 123,539 83,944 106,378 -21% 276,407 364,065 -24% EU30* 19,517 17,242 20,7
Slide 22: Daimler Trucks Market Shares
Daimler Trucks Market Shares* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in %) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change in % pts. in % pts. Trucks Europe / Latin America (Mercedes-Benz) EU30** MDT/HDT 23.5 23.8 20.1 20.9 21.5 20.4 22.3 23.6 -1.3 21.5
Slide 23: Mercedes-Benz Vans Overview
Mercedes-Benz Vans Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Unit sales (units) 99,869 85,259 76,647 63,805 99,583 81,611 85,238 75,732 +13% 261,468 221,148 +18% Retail sales (units) 86,814 77,424 66,3
Slide 24: Mercedes-Benz Vans Unit Sales
Mercedes-Benz Vans Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Wholesales (in units) 99,869 85,259 76,647 63,805 99,583 81,611 85,238 75,732 +13% 261,468 221,148 +18% Western Europe 64,371 54,267 50,28
Slide 25: Mercedes-Benz Vans Retail Sales and Market Shares
Mercedes-Benz Vans Retail Sales and Market Shares 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Retail sales (in units) 86,814 77,424 66,387 57,582 82,572 73,652 74,625 69,691 +7% 223,584 200,925 +11% Western Europ
Slide 26: Daimler Buses Overview
Daimler Buses Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Unit sales* (units) 7,625 9,771 4,818 5,677 6,958 7,341 6,185 7,438 -17% 17,961 20,456 -12% Production (units) 6,292 6,860 5,576 7,758 6,600 7,97
Slide 27: Daimler Buses Unit Sales and Market Shares
Daimler Buses Unit Sales and Market Shares 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change Wholesales* (in units) 7,625 9,771 4,818 5,677 6,958 7,341 6,185 7,438 -17% 17,961 20,456 -12% Western Europe 2,904 2,908 1,3
Slide 28: Daimler Financial Services Overview
Daimler Financial Services Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2015 2014 2016 2015 2016 2015 2016 2015 Change 2016 2015 Change New business 15,310 14,153 13,707 13,227 15,415 14,765 15,658 14,589 +7% 44,780 42,581 +5% Contract volume (end