Bayerische Motoren Werke Ag · XETR:BMW
Bayerische Motoren Werke — BMW Group — Q3 2022 Earnings Presentation
14 slides from Bayerische Motoren Werke's earnings presentation, Nov 3, 2022
Slide 1: BMW Group Quarterly Statement to 30 September 2022
BMW GROUP BMW GROUP QUARTERLY STATEMENT TO 30 SEPTE 3 NOVEMBER 2022. _ : —
Slide 2: Dr. Nicolas Peter, Member of the Board of Management, Finance
BMW GROUP QUARTERLY STATEMENT TO 30 SEPTEMBER 2022. 7 DR. NICOLAS PETER. } MEMBER OF THE BOARD OF MANAGEMENT OF BMW AG. FINANCE. BMW Group Quarterly,Statement to 30 September 2022 -2-
Slide 3: Overview Q3 2022
OVERVIEW Q3 2022. BMW Group Quarterly Statement to 30 September 2022 a y BMW Group delivered a solid performance in a challenging macro environment. Q3 sales on par with previous year, despite ongoing impacts from supply chain and logistics disruptions. BEV sales growth accelerated to +121.6%. Ongoi
Slide 4: Group EBT in Q3 significantly above previous year
GROUP EBT IN Q3 SIGNIFICANTLYABOVE PREVIOUS YEAR. CONTINUED STRONG OPERATING PERFORMANCE AND BBA FULL CONSOLIDATION. g320z1 SHANE teens, 593,177 -0.9 Group Tem] 2a 4353 Profit before tax 3,417 a Group [EBT, in m€] BMW Group Quarterly Statement to 30 September 2022
Slide 5: Group EBT with significant increase YTD September
GROUP EBT WITH SIGNIFICANT INCREASE YTD SEPTEMBER. CONTINUED STRONG OPERATING PERFORMANCE AND BBA FULL CONSOLIDATION. Jan-Sep CHANGE 2021 [%] Deliveries [in units] en * Revenues Group [in m€] ao me Profit before tax 13,153 454.0 Group [EBT, in m€] BMW Group Quarterly Statement to 30 September 2022
Slide 6: R&D and Capex with focus on emission-free mobility, impacted by BBA consolidation
R&D AND CAPEX WITH FOCUS ON EMISSION-FREE MOBILITY, IMPACTED BY BBA CONSOLIDATION. 4 y RED ratio Capex ratio [HGB, in %] [in %] 53 3.2 Jan-Sep Jan-Sep 2021 2021 Target for 2022: 5-5.5% Target for 2022: ~ 5.5% BMW Group Quarterly Statement to 30 September 2022
Slide 7: Overview Automotive Q3 2022
OVERVIEW AUTOMOTIV Q3 2022 Q32021 CHANGE [%] eo 587,744 593,177 0.9 aor 32,290 22,628 $42.7 are financial result 2,873 1,756 +63.6 in * mes 8.9* 78 +1.1pts — i a ae tax 2,963 2,130 $39.1 *10.1% excluding BBA consolidation effects
Slide 8: Overview Automotive YTD September
OVERVIEW AUTOMOTIV! D SEPTEMBER. LOWER SALES VOLUME OVERCOMPENSATED BY STRONG PRICI Jan-Sep Jan-Sep CHANGE 2022 2021 [%] eo 1,747,838 1,932,224 95 aor 89,031 70,373 426.5 are financial result 7,703 7,945 3.0 Pa 8.7* 113 -2.6 pts ae Cs 15,909 9,656 +648 *11.7% excluding BBA consolidation effects
Slide 9: Consolidation effects from BBA on Automotive EBIT
CONSOLIDATION EFFECTS FROM BBA ALL CONSOLIDATION ON AUTOMOTIVE EBIT. EBIT Automotive Segment (Q3 2022) [in mE] ~400 3,273 2373 8.9% 10.1% EBIT Depreciation EBIT excl. of PPA- consolidation Assets effects EBIT Automotive Segment (full year 2022) [in mE] ~1,700 ~ 1,300 a EBIT Intercompany Depreciation
Slide 10: Free cash flow development in Q3 bolstered by high operating result
FREE CASH FLOW DEVELOPMEN IN O3 BOLSTERED BY HIGH OPERATING RESULT. Free Cash Flow Automotive Segment {in m€) © Strong operating result © Toxpayments Target for 2022: at least 10 billion euros BMW Group Quarterly Statement to 30 September 2022
Slide 11: Financial Services segment in Q3 and YTD September
FINANCIAL SERVICES SEGMENTINO3 AND YTD SEPTEMBER. FOCUS ON MARGIN AND RISK COVERAGE IN CHALLENGING E CHANGE Q3 2022 Q3 2021 1%] New contracts with retail customers 362,838 479,850 -24.4 Profit before tax [EBT, in me] 691 988 -30.1 Jan-Sep Jan-Sep CHANGE 2022 2021 [%] New contracts with retail custom
Slide 12: Motorcycles segment in Q3
MOTORCYCLES SEGMENT IN Q3. 10.6% EBIT MARGIN. 932021 i Deliveries [in units] 48,999 45.7 Revenues in m€] 641 +28.2 Profit before financial result 39 [EBIT; in mE] EBIT margin [in %] 6.1 +4.5pts Profit before tax 40 [EBT; in mE] BMW Group Quarterly Statement to 30 September 2022
Slide 13: Outlook 2022
OUTLOOK 2022. BEV IGHER REDUCTION TARG EMISSIONS IN EU NEW VEHICLE FLEET. 2021 2021 2022 Outlook 2022 Outlook reported adjusted originally reported updated GROUP Profit before tax 16,060 Significant increase Workforce at year-end 118,909 Significant increase Share of women in management positions in
Slide 14: BMW Group on track to meet 2022 financial targets
BMW GROUP ON TRACK TO MEE 2022 FINANCIAL TARGETS DESPITE NUMEROUS CHALLENGES IN BUSINESS ENVIRONMENT. A BMW Group Quarterly Statement to 30 September 2022 Significant sales growth expected for Q4. Strong customer demand for our fresh BEV models. Continued strong transaction pricing, attractive produ