Bayerische Motoren Werke Ag · XETR:BMW
Bayerische Motoren Werke — Bayerische Motoren Werke Aktiengesellschaft — Q2 2024 Earnings Presentation
69 slides from Bayerische Motoren Werke's earnings presentation, Aug 1, 2024
Slide 1: Half-Year Report 30 June 2024
30 JUNE 2024 HALF-YEAR REPORT
Slide 2: Contents
2 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information CONTENTS 3 BMW Group at a Glance 7 Interim Group Management Report 25 Interim Group Financial Statements 66 Other Information
Slide 3: BMW Group at a Glance
3 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information BMW GROUP AT A GLANCE 4 BMW Group in Figures
Slide 4: BMW Group in Figures: Key Performance Indicators
4 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information BMW Group in Figures BMW GROUP IN FIGURES KEY PERFORMANCE INDICATORS 1 January to 1 January to 2nd quarter 2024 2nd quarter 2023 Change in % 30 June 2024 30 Ju
Slide 5: Further Performance Figures: Group
5 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information BMW Group in Figures FURTHER PERFORMANCE FIGURES 1 January to 1 January to 2nd quarter 2024 2nd quarter 2023 Change in % 30 June 2024 30 June 2023 Change in %
Slide 6: Further Performance Figures: Automotive and Financial Services
6 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information BMW Group in Figures FURTHER PERFORMANCE FIGURES 1 January to 1 January to 2nd quarter 2024 2nd quarter 2023 Change in % 30 June 2024 30 June 2023 Change in %
Slide 7: Interim Group Management Report
7 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information INTERIM GROUP MANAGEMENT REPORT 8 Financial Performance 8 General Economic Environment 9 Group Overview 12 Automotive Segment 18 Financial Services Segment 20
Slide 8: Financial Performance
8 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance 8 9 General Economic Environment Group Overview FINANCIAL PERFORMANCE 12 Automotive Segment 18 Financial Services Segment 20 Other Entiti
Slide 9: Group Overview
9 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance International automobile markets – an overview All-electric vehicles had a positive impact on sales growth in the first half of 8 General
Slide 10: Group Costs and Earnings
10 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance NEUE KLASSE models. In the Financial Services segment, a rise in interest organisation and higher manufacturing and R&D expenses. Cost o
Slide 11: Research and Development Expenses and Share Buyback
11 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance BMW Group research and development expenses 8 General Economic Environment 9 Group Overview 1 January to 1 January to 12 Automotive Segm
Slide 12: Automotive Segment
12 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance 8 General Economic Environment AUTOMOTIVE SEGMENT 9 Group Overview 12 Automotive Segment 18 Financial Services Segment 1 January to 1 Ja
Slide 13: Deliveries of Electrified Models
13 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance BMW Group – deliveries of electrified models Once again, the most successful all-electric model was the BMW i4* Sports 8 xx General Gene
Slide 14: New MINI Family and Rolls-Royce Spectre
14 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance Ready for the New MINI Family Rolls-Royce: Spectre exceeds one thousand deliveries 8 General Economic Environment As expected, the MINI
Slide 15: Automotive Segment EBIT Margin and Revenues
15 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance Second quarter EBIT margin of 8.4% in Automotive segment Solid six-month period for Automotive segment 8 General Economic Environment Se
Slide 16: Automotive Free Cash Flow and Net Financial Assets
16 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance Automotive segment – free cash flow of € 2.3 billion generated for Net financial assets – Automotive1 8 xx General Economic Environment
Slide 17: Automotive Segment Net Financial Assets
17 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance Automotive segment net financial assets comprise the following: 8 General Economic Environment 9 Group Overview Change to 12 Automotive
Slide 18: Financial Services Segment
18 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance 8 General Economic Environment FINANCIAL SERVICES SEGMENT 9 Group Overview 12 Automotive Segment 1 January to 1 January to 18 Financial
Slide 19: Financial Services New Business and Fleet
19 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance Significant increase in new business in first half of year Fleet business up slightly year on year 8 General Economic Environment The nu
Slide 20: Other Entities Segment and Eliminations
20 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance 8 General Economic Environment OTHER ENTITIES SEGMENT AND 9 Group Overview 12 Automotive Segment ELIMINATIONS 18 Financial Services Segm
Slide 21: Outlook, Risk and Opportunity Management
21 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Outlook, Risk and Opportunity Management 8 9 General Economic Environment Group Overview OUTLOOK, RISK AND OPPORTUNITY MANAGEMENT 12 Automotive Segment 18 Fin
Slide 22: Outlook: Ukraine War and Motorcycles
22 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Outlook, Risk and Opportunity Management The war in Ukraine and its potential implications for the BMW Group’s The stable demand situation can also be seen in
Slide 23: BMW Group Key Performance Indicators Outlook
23 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Outlook, Risk and Opportunity Management BMW Group – key performance indicators 8 General Economic Environment The key performance indicators of the BMW Group
Slide 24: Risk and Opportunity Management
24 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Outlook, Risk and Opportunity Management 8 General Economic Environment RISK AND OPPORTUNITY 9 Group Overview 12 Automotive Segment MANAGEMENT 18 Financial Se
Slide 25: Interim Group Financial Statements
25 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information INTERIM GROUP FINANCIAL STATEMENTS 26 Income Statement for Group and Segments for the period from 1 January to 30 June 28 Condensed Statement of Comprehensive
Slide 26: Income Statement for Group and Segments Q2
26 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Income Statement for Group and Segments INCOME STATEMENT FOR GROUP AND SEGMENTS FOR THE PERIOD FROM 1 APRIL TO 30 JUNE 1 Group Automotive Motorcycles in € mil
Slide 27: Income Statement Q2: Financial Services, Other Entities
27 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Income Statement for Group and Segments INCOME STATEMENT FOR GROUP AND SEGMENTS FOR THE PERIOD FROM 1 APRIL TO 30 JUNE * Financial Services Other Entities Eli
Slide 28: Condensed Statement of Comprehensive Income Q2
28 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Condensed Statement of Comprehensive Income for Group CONDENSED STATEMENT OF COMPREHENSIVE INCOME FOR GROUP FOR THE PERIOD FROM 1 APRIL TO 30 JUNE * in € mili
Slide 29: Income Statement for Group and Segments H1
29 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Income Statement for Group and Segments INCOME STATEMENT FOR GROUP AND SEGMENTS FOR THE PERIOD FROM 1 JANUARY TO 30 JUNE Group Automotive1 Motorcycles1 in € m
Slide 30: Income Statement H1: Financial Services, Other Entities
30 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Income Statement for Group and Segments INCOME STATEMENT FOR GROUP AND SEGMENTS FOR THE PERIOD FROM 1 JANUARY TO 30 JUNE Financial Services* Other Entities* E
Slide 31: Condensed Statement of Comprehensive Income H1
31 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Condensed Statement of Comprehensive Income for Group CONDENSED STATEMENT OF COMPREHENSIVE INCOME FOR GROUP FOR THE PERIOD FROM 1 JANUARY TO 30 JUNE in € mili
Slide 32: Balance Sheet: Assets, Group, Automotive, Motorcycles
32 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Balance Sheet for Group and Segments BALANCE SHEET FOR GROUP AND SEGMENTS AT 30 JUNE 2024 Group Automotive* Motorcycles* in € million Note 30.6.2024 31.12.202
Slide 33: Balance Sheet: Assets, Financial Services, Eliminations
33 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Balance Sheet for Group and Segments BALANCE SHEET FOR GROUP AND SEGMENTS AT 30 JUNE 2024 Financial Services* Other Entities* Eliminations* in € million Note
Slide 34: Balance Sheet: Equity and Liabilities, Group
34 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Balance Sheet for Group and Segments BALANCE SHEET FOR GROUP AND SEGMENTS AT 30 JUNE 2024 Group Automotive* Motorcycles* in € million Note 30.6.2024 31.12.202
Slide 35: Balance Sheet: Equity and Liabilities, Financial Services
35 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Balance Sheet for Group and Segments BALANCE SHEET FOR GROUP AND SEGMENTS AT 30 JUNE 2024 Financial Services* Other Entities* Eliminations* in € million Note
Slide 36: Condensed Cash Flow Statement
36 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Statement of Changes in Group Equity CONDENSED CASH FLOW STATEMENT FOR GROUP AND SEGMENTS FOR THE PERIOD FROM 1 JANUARY TO 30 JUNE Group Automotive* Financial
Slide 37: Statement of Changes in Group Equity
37 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Statement of Changes in Group Equity STATEMENT OF CHANGES IN GROUP EQUITY FOR THE PERIOD FROM 1 JANUARY TO 30 JUNE Accumulated other equity Derivative Subscri
Slide 38: Statement of Changes in Group Equity (Total)
38 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Statement of Changes in Group Equity STATEMENT OF CHANGES IN GROUP EQUITY FOR THE PERIOD FROM 1 JANUARY TO 30 JUNE Equity attributable to shareholders in € mi
Slide 39: Notes to the Group Financial Statements
39 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements xx Accounting Principles and Policies 39 Xx Notes to the Income Statement 42 NOTES TO THE GROUP FINANCIAL STATEMENTS X
Slide 40: Group Reporting Entity and Financial Reporting Rules
40 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements 02 Group reporting entity 03 Financial reporting rules 39 Accounting Principles and Policies The BMW Group Financial S
Slide 41: Other Significant Events
41 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements 04 Other significant events Russia-Ukraine war 39 Accounting Principles and Policies Impairment tests Major uncertaint
Slide 42: Notes to the Income Statement: Revenues
42 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements 39 Accounting Principles and Policies NOTES TO THE INCOME 42 Notes to the Income Statement 45 Notes to the Balance She
Slide 43: Net Interest Result
43 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements 07 Net interest result 39 Accounting Principles and Policies The net interest result comprises: 42 Notes to the Income
Slide 44: Other Financial Result and Income Taxes
44 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements 08 Other financial result 39 Accounting Principles and Policies Other financial result developed as follows: 42 Notes
Slide 45: Notes to the Balance Sheet
45 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements 11 Property, plant and equipment 39 Accounting Principles and Policies NOTES TO THE BALANCE SHEET (including right-of-
Slide 46: Income Tax Assets and Equity
46 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements 13 Income tax assets programme, BMW AG will acquire shares of common and preferred stock xx Accounting Principles and
Slide 47: Financial Liabilities
47 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements 16 Financial Liabilities 39 Accounting Principles and Policies Financial liabilities of the BMW Group comprise the fol
Slide 48: Other Disclosures: R&D and Contingent Liabilities
48 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements 39 Accounting Principles and Policies OTHER DISCLOSURES 42 Notes to the Income Statement 45 Notes to the Balance Sheet
Slide 49: Contingent Liabilities: Legal Proceedings
49 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements In May 2023, the National Highway Traffic Safety Administration (NHTSA), Following a request for legal assistance from
Slide 50: Contingent Liabilities: Emissions Proceedings
50 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements In addition, the Kraftfahrt-Bundesamt (KBA) determined in February 2024 Furthermore, several BMW Group entities have b
Slide 51: Financial Instruments
51 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements 20 Financial instruments xx Accounting Principles and Policies 39 Information regarding the recognition and measuremen
Slide 52: Financial Instruments at Fair Value
52 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements Disclosures relating to financial instruments measured at fair value 39 Accounting Principles and Policies The carryin
Slide 53: Level 3 Financial Instruments
53 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements Financial instruments classified to Level 3 and measured at fair value com- Since the pricing from the financing round
Slide 54: Development of Level 3 Financial Instruments
54 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements The balance sheet carrying amount of Level 3 financial instruments 39 Accounting Principles and Policies developed as
Slide 55: Related Party Relationships
55 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements 21 Related party relationships Stefan Quandt is also the indirect majority shareholder of SOLARWATT 39 Accounting Prin
Slide 56: Related Party Transactions
56 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements Seen from the perspective of BMW Group entities, the volume of significant 39 Accounting Principles and Policies trans
Slide 57: Transactions with Joint Ventures and Associates
57 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements In total, the following amounts of goods and services were supplied to or xx Accounting Principles and Policies 39 rec
Slide 58: Segment Information
58 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements 39 Accounting Principles and Policies SEGMENT INFORMATION 42 Notes to the Income Statement 45 Notes to the Balance She
Slide 59: Segment Information: First Six Months
59 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements Segment information by operating segment for the first six months is as 39 Accounting Principles and Policies follows:
Slide 60: Segment Information: Second Quarter
60 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements Segment information by operating segment for the second quarter is as 39 Accounting Principles and Policies follows*:
Slide 61: Segment Assets
61 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements 39 Accounting Principles and Policies Automotive Motorcycles Financial Services 42 Notes to the Income Statement in €
Slide 62: Reconciliation of Segment Figures to Group Figures
62 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements The total of the segment figures can be reconciled to the corresponding 39 Accounting Principles and Policies Group fi
Slide 63: Reconciliation of Segment Assets
63 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Notes to the Group Financial Statements The total of the segment figures can be reconciled to the corresponding Munich, 30 July 2024 39 Accounting Principles
Slide 64: Responsibility Statement by the Company's Legal Representatives
64 BMW Group Quarterly Statement 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Responsibility Statement by the Company’s Legal Representatives RESPONSIBILITY STATEMENT BY THE COMPANY’S LEGAL REPRESENTATIVES “To the best of our knowled
Slide 65: Review Report
65 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Review Report REVIEW REPORT To Bayerische Motoren Werke Aktiengesellschaft, München financial statement audit. Since, in accordance with our engagement, we We
Slide 66: Other Information
66 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information OTHER INFORMATION 67 Consumption and Carbon Disclosures 69 Contacts
Slide 67: Consumption and Carbon Disclosures
67 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Consumption and Carbon Disclosures CONSUMPTION AND CARBON DISCLOSURES As of July 2024 Figures based on WLTP Fuel consumption Energy consumption combined or we
Slide 68: Consumption and Carbon Disclosures (continued)
68 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Consumption and Carbon Disclosures As of July 2024 Figures based on WLTP Fuel consumption Energy consumption combined or weighted combined CO₂ emissions combi
Slide 69: Contacts
69 BMW Group Half-Year Report 2024 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Contacts CONTACTS BUSINESS AND FINANCE PRESS THE BMW GROUP ON THE INTERNET PUBLISHED BY Telephone + 49 89 382-2 45 44 Further information about the BMW Group
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