Mercedes-benz Group Ag · XETR:MBG
Mercedes-benz — FY2024 Earnings Presentation
29 slides from Mercedes-benz's earnings presentation, Feb 20, 2025
Slide 1: Annual Results Conference
— ANNUAL RESULTS CONFERENCE — — MERCEDES-BENZ — Mercedes-Benz Group AG, Sindelfingen, February 20, 2025 —1—
Slide 2: Review 2024
— — FMEEBRR CU EADR EY S2-0B2E5N— Z — —2— Review 2024 — ANNUAL RESULTS CONFERENCE —
Slide 3: Mercedes-Benz Group: Key figures
Mercedes-Benz Group: Key figures Share buyback: EUR ~7 bn. completed. Dividend: EUR 5.5 bn. paid out. ——A N Revenue* EBIT Earnings per share Free Cash Flow (IB) Net Industrial Liquidity*** ANN in billion euros in billion euros in euros in billion euros in billion euros UU — MERCEDES-BENZ — A LA LR E
Slide 4: Cars: Key messages 2024
Mercedes-Benz Cars: Key messages 2024 Performance: Top line development impacted by market — ANNUAL RESULTS CONFERENCE — dynamics, intensified cost efficiencies at work, RoS adj. at 8.1%. — MERCEDES-BENZ — Transformation: PHEV sales growth in subdued EV environment, opening of new competence center
Slide 5: Cars: Top-End and electric vehicle unit sales
Mercedes-Benz Cars: Top-End and electric vehicle unit sales In thousand units -3% 2,044 1,983 — ANNUAL RESULTS CONFERENCE — Top-End 328 -14% -9% 281 328* 402 — MERCEDES-BENZ — 43 368 281* 28 42 G 21 Maybach 241 Core 1,097 1,167 185 BEV** 143 140 AMG 171 S, EQS, 161 183 PHEV Entry ** 619 535 127 GLS,
Slide 6: Vans Strategy pays off
Mercedes-Benz Vans Strategy pays off Strategy: Consistent and successful implementation of Mercedes-Benz Vans strategy with industry leading profitability. — ANNUAL RESULTS CONFERENCE — Performance: Strong profitable growth by focusing on premium — MERCEDES-BENZ — segments and portfolio adjustment.
Slide 7: Vans: Electric vehicle unit sales
Mercedes-Benz Vans: Electric vehicle unit sales In thousand units -9% 448 -14% — ANNUAL RESULTS CONFERENCE — 406 23 — MERCEDES-BENZ — 20 BEV thereof 2023 2024 2023 2024 Total MB Vans Electric vehicles Share in % of volume 5% 5% —7—
Slide 8: Mobility: Key messages 2024
Mercedes-Benz Mobility: Key messages 2024 Portfolio slightly up, new business impacted by high competition in China. — ANNUAL RESULTS CONFERENCE — — MERCEDES-BENZ — Acquisition margin stabilized in line with target return. Portfolio margin at subdued level. Cost of credit risk on elevated level. Eff
Slide 9: Cars: Financials
Mercedes-Benz Cars: Financials Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in billion euros in billion euros — ANNUAL RESULTS CONFERENCE — -3% -4% -39% — MERCEDES-BENZ — 2,044 112.8 14.3 1,983 107.8 -27% 12.5 9.1 8.7 2023 2024 2023 2024 2023 2024 2023 2024 —9—
Slide 10: Cars: EBIT & RoS
Mercedes-Benz Cars: EBIT & RoS In million euros Gross Profit -5,151 28 14,252 ——A N 14,224 ANN UU — MERCEDES-BENZ — A LA LR ER SE U SU 495 L TL ST SC O 958 41 99 8,677 8,460 CO -1,059 NN -5,676 -217 F EF RE ER N RoS: RoS: -433 12.6% 12.6% Operational efficiencies outweighing one-time supplier paymen
Slide 11: Cars: EBIT to CFBIT
Mercedes-Benz Cars: EBIT to CFBIT In million euros ——A N ANN 2,337 8,963 132 9,095 UU — MERCEDES-BENZ — 8,460 A LA LR ER SE U 134 -470 SUL TL ST SC O 6,138 CONN F EF RE ER N CCR: CCR: EN 1.0 C EC E—— 1.1 t/o • Inventories +792 t/o • Trade receivables +139 • Result at-Equity BBAC -1,073 • Trade payab
Slide 12: Cars: Indicators of Change
Mercedes-Benz Cars: Indicators of Change Average Sales Price* Active Workforce Fixed Costs R&D Investment in PP&E in thousand euros in thousand FTE in billion euros in billion euros in billion euros ——A N ANN Net of inflation UU — MERCEDES-BENZ — A LA LR ER SE U +16% +39% -11% -40% SUL TL ST SC O 13
Slide 13: Vans: Financials
Mercedes-Benz Vans: Financials Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in billion euros in billion euros — ANNUAL RESULTS CONFERENCE — -9% -5% -8% -6% 448 20.3 3.1 3.0 19.3 — MERCEDES-BENZ — 2.8 2.8 406 2023 2024 2023 2024 2023 2024 2023 2024 — 13 —
Slide 14: Vans: EBIT & RoS
Mercedes-Benz Vans: EBIT & RoS In million euros Gross Profit -233 ——A N 3,138 ANN 3,063 60 49 91 107 2,932 UU — MERCEDES-BENZ — -75 2,825 A LA LR ER SE U -184 -109 -13 -132 SUL TL ST SC O CONN F EF RE ER N RoS: RoS: RoS: RoS: 15.5% 15.1% EN 15.2% C EC E—— 14.6% Healthy mix supported by improved pr
Slide 15: Vans: EBIT to CFBIT
Mercedes-Benz Vans: EBIT to CFBIT In million euros ——A N 2,932 61 ANN 133 2,838 UU — MERCEDES-BENZ — -43 408 2,705 A LA LR ER SE U 520 SUL TL ST SC O CONN -1,173 F EF RE ER N CCR: CCR: 0.9 1.0 ENC EC E—— t/o • Inventories +28 • Trade payable -128 • Trade receivables +57 • Legal proceedings +133 Net
Slide 16: Vans: Indicators of Change
Mercedes-Benz Vans: Indicators of Change Average Sales Price* Active Workforce Fixed Costs R&D Investment in PP&E in thousand euros in thousand FTE in billion euros in million euros in million euros ——A N ANN Net of inflation UU — MERCEDES-BENZ — A LA LR ER SE U +41% -10% SUL TL ST SC O 49.7 20.6 -1
Slide 17: Mobility: Financials
Mercedes-Benz Mobility: Financials New Business Contract Volume EBIT adj. in billion euros in billion euros in billion euros — ANNUAL RESULTS CONFERENCE — +2% -4% -33% — MERCEDES-BENZ — 62.0 135.0 138.1 1.7 59.5 1.1 2023 2024 2023 2024 2023 2024 — 17 —
Slide 18: Mobility: EBIT & RoE
Mercedes-Benz Mobility: EBIT & RoE In million euros 393 1,695 -26 ——A N -116 ANN 1,302 UU — MERCEDES-BENZ — A LA LR ER SE U 90 1,134 0 1,134 68 36 SUL TL ST SC O RoE: -613 CONN 12.3% F EF RE ER N RoE: RoE: RoE: EN 9.5% C EC E—— 8.7% 8.7% Efficiency measures leading to cost improvements Interest marg
Slide 19: Group: EBIT
Mercedes-Benz Group: EBIT In million euros ——A N 19,660 344 20,004 ANN UU — MERCEDES-BENZ — A LA LR ER SE U SUL TL ST SC O 83 13,713 13,599 -5,575 -238 -561 -114 CONN F EF RE ER N ENC EC E—— EPS: EPS: 13.46 10.19 • Legal proceedings +22 • M&A transactions +117 • Legal proceedings +236 • Russia +205
Slide 20: Group: Reconciliation from CFBIT to Free Cash Flow
Mercedes-Benz Group: Reconciliation from CFBIT to Free Cash Flow In million euros ——A N 2,705 ANN UU — MERCEDES-BENZ — A LA LR ER SE U 572 9,152 269 9,421 8,963 177 SU 629 L TL ST SC O CO -3,894 NN F EF RE ER N ENC EC E—— • Legal proceedings +269 Other Free cash flow Free cash flow Mercedes-Benz Mer
Slide 21: Group: Net Industrial Liquidity
Mercedes-Benz Group: Net Industrial Liquidity* In billion euros ——A N ANN 6.7 UU — MERCEDES-BENZ — A LA LR ER SE U 10.9 0.6 -0.5 SU -8.5 L TL ST SC O 31.1 -5.5 1.4 31.4 Free cash flow industrial business CONN FY 2024: € 9.2 billion -4.8 F EF RE ER N ENC EC E—— Additions to Net Industrial Earnings an
Slide 22: Outlook 2025
— — FMEEBRR CU EADR EY S2-0B2E5N— Z — — 22 — Outlook 2025 — ANNUAL RESULTS CONFERENCE —
Slide 23: Divisional Guidance 2025
Mercedes-Benz Divisional Guidance 2025 ASSUMPTION The premises regarding the overall economic conditions and the development of the automotive markets continue to be characterized by exceptional uncertainty. In addition to unexpected macroeconomic developments, geopolitical and trade policy events i
Slide 24: Group Guidance 2025
Mercedes-Benz Group Guidance 2025 ASSUMPTION The premises regarding the overall economic conditions and the development of the automotive markets continue to be characterized by exceptional uncertainty. In addition to unexpected macroeconomic developments, geopolitical and trade policy events in par
Slide 25: Appendix
— ANNUAL RESULTS CONFERENCE — Appendix — 25 — — MERCEDES-BENZ —
Slide 26: Mobility: Net credit losses
Mercedes-Benz Mobility: Net credit losses* 0.89% ——A N 0.83% ANN UU — MERCEDES-BENZ — A LA LR ER SE U SUL TL ST SC O CONN F EF RE ER N 0.43% ENC EC E—— 0.37% 0.34% 0.33% 0.41% 0.31% 0.31% 0.26% 0.26% 0.24% 0.21% 0.21% 0.29% 0.20% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 27: Group/Divisional Guidance Ranges
Mercedes-Benz Group/ Divisional Guidance Ranges* Specification/ Significantly Slightly below At prior-year Slightly above Significantly KPI below level above — ANNUAL RESULTS CONFERENCE — Revenue/ X < -7.5% -7.5% ≤ X < -2% -2% ≤ X ≤ +2% +2% < X ≤ +7.5% X > +7.5% Unit Sales — MERCEDES-BENZ — EBIT (Gr
Slide 28: Contacts – Investor Relations
Contacts – Investor Relations Visit our Investor Relations Website: Christian Keller Analysts, Defense and Equity Relations Email: christian.ck.keller@mercedes-benz.com — ANNUAL RESULTS CONFERENCE — Alexander Jasperneite — MERCEDES-BENZ — Analysts, Creditor and Equity Relations Email: alexander.jasp
Slide 29: Disclaimer
Disclaimer This document contains forward-looking statements that reflect our current views about future events. The words “anticipate”, “assume”, “believe”, “estimate”, “expect”, “intend”, “may”, “can”, “could”, “plan”, “project”, “should” and similar expressions are used to identify forward- looki