Slide 1: Capital Market Presentation Q1 2021
Daimler Internal Capital Market Presentation Q1 2021 Daimler AG Daimler AG 1
Slide 2: Daimler: Key messages
Daimler Internal Daimler: Key messages ▸ Q1 margin at Mercedes-Benz Cars & Vans demonstrates strength of portfolio and ability to lower break-even point ▸ Excellent Net Industrial Liquidity & effective Working Capital management ▸ Project Focus: spin-off and listing of Daimler Truck in preparation ▸
Slide 3: Daimler: Key figures
Daimler Internal Daimler: Key figures Free Cash Net Industrial Sales Revenue EBIT EBIT adj. in thousand units in billion euros in billion euros in billion euros Flow (IB) Liquidity in billion euros in billion euros 729 41.0 20.1 644 5.7 37.2 1.8 5.0 +13% +10% +832% +591% +4.1 9.3 117% 0.6 0.7 -2.3 Q
Slide 4: Review Q1 2021
Daimler Internal Review Q1 2021 Daimler AG 4
Slide 5: Mercedes-Benz Cars: Highlights
Daimler Internal Mercedes-Benz Cars: Highlights ▸ Positive trend from H2 2020 continued ▸ Favourable sales momentum with record sales in China ▸ Fascinating products and favourable mix drive pricing ▸ Global EV share of Mercedes-Benz Cars at about 10%, in Europe above 25% ▸ Improved industrial perfo
Slide 6: EQA, EQB, EQS: new electric vehicles
Daimler Internal EQA: Already more than 20,000 orders for our compact EV with progressive design, extensive range and intuitive operation based on MBUX. EQB: Seven seater with a unique position among electric cars - compact on the outside, spacious on the inside, all-electric through and through. EQ
Slide 7: Mercedes-Benz Cars: Business development
Daimler Internal Mercedes-Benz Cars: Business development Group sales of Mercedes-Benz passenger cars per month in thousand units China Europe United States 80 90 40 70 80 35 60 70 30 60 50 25 50 40 20 40 30 15 30 20 20 10 10 10 5 0 0 0 Jan 20 Mar 21 Jan 20 Mar 21 Jan 20 Mar 21 Daimler AG 7
Slide 8: Mercedes-Benz Vans: Highlights
Daimler Internal Mercedes-Benz Vans: Highlights ▸ Volume growth with strong profitability underpinned by low cost base ▸ Strong sales performance with best first quarter in the US and in China ▸ Group Sales of electric vans quadrupled compared to Q1 2020 ▸ Next generation eSprinter will be produced
Slide 9: Mercedes-Benz Cars & Vans: Financials
Daimler Internal Mercedes-Benz Cars & Vans: Financials Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in billion euros in billion euros 26.9 627 3.8 23.2 547 3.1 +15% +16% +537% +4.4 0.6 -1.3 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Daimler AG 9
Slide 10: Mercedes-Benz Cars & Vans: EBIT & RoS
Daimler Internal Mercedes-Benz Cars & Vans: EBIT & RoS Higher unit sales (mainly in China), favourable mix favourable net pricing in million euros Improved industrial performance; significant fixed cost reduction Higher at-equity contribution from Beijing Benz Automotive Co., Ltd. (BBAC) Gross profi
Slide 11: Mercedes-Benz Cars & Vans: Reconciliation from EBIT to CFBIT
Daimler Internal Mercedes-Benz Cars & Vans: Reconciliation from EBIT to CFBIT in million euros +844 +186 -1,586 +1,498 -3,052 4,078 +1,161 3,129 1,968 t/o • US penalty payments -912 • Legal Proceedings +1,062 • Cellcentric -604 • Restructuring +409 • Result at-equity BBAC -483 • M&A transaction -310
Slide 12: Trucks & Buses: Highlights
Daimler Internal Daimler Trucks & Buses: Highlights ▸ Increase in truck sales, mainly in Europe and North America due to improved market conditions and SoM gains ▸ Incoming truck orders in all regions significantly above prior-year’s quarter ▸ Further reduction of used vehicles stocks and favourable
Slide 13: Trucks: Strategic Partnerships
Daimler Internal Daimler Trucks: Strategic Partnerships Daimler Truck AG and the Volvo Cummins Inc. to establish an engine plant Group complete creation of within the Mercedes-Benz Mannheim fuel-cell joint venture: cellcentric campus to localize medium-duty engines ▸ Volvo Group has acquired 50 perc
Slide 14: Trucks & Buses: Business development
Daimler Internal Daimler Trucks & Buses: Business development Group sales of Daimler Trucks per month in thousand units Incoming Orders per quarter 30 EU30 60 North America Asia 25 25 50 20 40 20 15 30 15 10 20 10 5 10 5 0 0 0 Jan 20 Mar 21 Jan 20 Mar 21 Jan 20 Mar 21 Daimler AG 14
Slide 15: Trucks & Buses: Financials
Daimler Internal Daimler Trucks & Buses: Financials Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in million euros in million euros 101 8.7 8.7 98 518 435 +4% -1% 247 +110% +520 -85 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Daimler AG 15
Slide 16: Trucks & Buses: EBIT & RoS
Daimler Internal Daimler Trucks & Buses: EBIT & RoS Higher truck unit sales mainly in EU30 and North America Positive contribution from used vehicle business and favourable development of net pricing Higher costs, mainly related to raw material, supply chain constraints and in million euros preventi
Slide 17: Trucks & Buses: Reconciliation from EBIT to CFBIT
Daimler Internal Daimler Trucks & Buses: Reconciliation from EBIT to CFBIT in million euros +287 -664 1,041 +314 -198 -159 621 -186 435 t/o • Restructuring • cellcentric -622 measures +95 • Fuel Cell JV -281 EBIT Change in Net financial Net investments Depreciation and Other CFBIT Adjustments CFBIT
Slide 18: Mobility: Highlights
Daimler Internal Daimler Mobility: Highlights ▸ Strong loyalty and retention driving new business above Q1 2020, especially in China ▸ Stable credit reserve level with continuously low net credit losses ▸ Further improvements at mobility services: ▸ Ongoing optimization of its holdings ▸ PARK NOW -
Slide 19: Mobility: Financials
Daimler Internal Daimler Mobility: Financials New Contract EBIT adj. business volume in million euros in billion euros in billion euros 16.2 16.8 150.6 152.7 691 +4% +1% +633 58 Q1 2020 Q1 2021 12/31/2020 3/31/2021 Q1 2020 Q1 2021 Daimler AG 19
Slide 20: Mobility: EBIT & RoE
Daimler Internal Daimler Mobility: EBIT & RoE Lower addition to credit risk reserve Favourable margin development in million euros OPEX improvement Gross profit* 638 +53 744 +102 +3 +25 0 691 +536 RoE: RoE: RoE: • Restructuring RoE: 1.6% 1.6% 18.7% measures -36 20.2% • VIA -33 +89 58 0 58 EBIT Adjus
Slide 21: Q1 2021: Group EBIT
Daimler Internal Daimler Q1 2021: Group EBIT in million euros +778 5,748 +633 +109 4,970 +271 +3,238 Mercedes-Benz Cars & Vans: • Legal proceedings -75 • Restructuring measures -292 • M&A transactions +604 Daimler Trucks & Buses: • Restructuring measures -88 • M&A transactions +611 Daimler Mobility:
Slide 22: Q1 2021: Reconciliation from CFBIT to Free Cash Flow
Daimler Internal Daimler Q1 2021: Reconciliation from CFBIT to Free Cash Flow in million euros +1,022 2,832 +621 -355 -100 -126 1,968 -198 1,810 • Legal proceedings +1,063 • Restructuring measures +550 • M&A transactions -591 CFBIT CFBIT Income Interest Effects from Other Free cash flow Adjustments
Slide 23: Daimler: Net Industrial Liquidity
Daimler Internal Daimler: Net Industrial Liquidity in billion euros +1.8 -1.9 20.1 +0.6 +0.5 +0.4 17.9 +0.8 Free cash flow industrial business Q1 2021: € 1,810 million Net industrial Earnings and Working Depreciation and Additions to Investments in Other Net industrial liquidity other cash capital i
Slide 24: Outlook 2021
Daimler Internal Outlook 2021 Daimler AG 24
Slide 25: Performance: Market Guidance 2021
Daimler Internal Performance: Market Guidance 2021 ASSUMPTION Our expectations for the development of business in 2021 are based on the assumption of a gradual normalization of economic conditions in the markets that are important to us. In particular, we assume that the world economy will be able t
Slide 26: Performance: Daimler Group Guidance 2021
Daimler Internal Performance: Daimler Group Guidance 2021 ASSUMPTION Our expectations for the development of business in 2021 are based on the assumption of a gradual normalization of economic conditions in the markets that are important to us. In particular, we assume that the world economy will be
Slide 27: Performance: Divisional Guidance 2021
Daimler Internal Performance: Divisional Guidance 2021 ASSUMPTION Our expectations for the development of business in 2021 are based on the assumption of a gradual normalization of economic conditions in the markets that are important to us. In particular, we assume that the world economy will be ab
Slide 28: Strategic priorities in 2021
Daimler Internal Strategic priorites in 2021 Raising Accelerating Preparing Performance Technology Project Focus MBC&V RoS Q1 14.3% FYe 10-12% World Premiers of Capital Market Update Daimler DT&B RoS Q1 6.0% FYe 6-7% EQS, EQB, EQA Truck on May 20 DMO RoE Q1 18.7% FYe 14-15% Daimler AG 28
Slide 29: Appendix
Daimler Internal Appendix Daimler AG 29
Slide 30: Q1 2021 Unit sales by division
Daimler Q1 2021 Unit sales by division in thousand units Q1 2020 Q1 2021 % change Daimler Group 644 729 +13 of which Mercedes-Benz Cars & Vans 547 627 +15 Daimler Trucks & Buses 98 101 +4 Daimler AG Capital Market Presentation Q1 2021 / April 23, 2021 / Page 30
Slide 31: Q1 2021 Revenue by divisions
Daimler Q1 2021 Revenue by divisions in billion euros Q1 2020 Q1 2021 % change Daimler Group 37.2 41.0 +10 of which Mercedes-Benz Cars & Vans 23.2 26.9 +16 Daimler Trucks & Buses 8.7 8.7 -1 Daimler Mobility 7.1 7.0 -2 Daimler AG Capital Market Presentation Q1 2021 / April 23, 2021 / Page 31
Slide 32: Q1 2021 Revenue by region
Daimler Q1 2021 Revenue by region in billion euros Q1 2020 Q1 2021 % change Daimler Group 37.2 41.0 +10 of which Europe 15.3 16.5 +8 of which Germany 5.9 5.9 -0 North America 11.1 11.4 +2 of which United States 9.9 10.1 +2 Asia 8.6 11.0 +27 of which China* 3.8 6.0 +56 Other markets 2.1 2.1 -0 * excl
Slide 33: Q1 2021 EBIT by division
Daimler Q1 2021 EBIT by division EBIT in million euros; RoS/RoE in % Q1 2020 Q1 2021 EBIT RoS/RoE* EBIT RoS/RoE* Daimler Group 617 1.9 5,748 14.7 of which Mercedes-Benz Cars & Vans 510 2.2 4,078 15.2 Daimler Trucks & Buses 247 2.8 1,041 12.0 Daimler Mobility 58 1.6 744 20.2 Reconciliation -198 – -11
Slide 34: Reconciliation of EBIT reported to EBIT adjusted
Daimler Q1 2021 Reconciliation of EBIT reported to EBIT adjusted in million euros Mercedes-Benz Daimler Trucks & Daimler Mobility Reconciliation Daimler Group Cars & Vans Buses EBIT as reported Q1 2021 4,078 1,041 744 -115 5,748 Legal proceedings and related 75 - - - 75 measures Restructuring measur
Slide 35: Q1 2021 EBIT adjusted by division
Daimler Q1 2021 EBIT adjusted by division EBIT in million euros; RoS/RoE in % Q1 2020 Q1 2021 EBIT RoS/RoE* EBIT RoS/RoE* Daimler Group 719 2.2 4,970 12.6 of which Mercedes-Benz Cars & Vans 603 2.6 3,841 14.3 Daimler Trucks & Buses 247 2.8 518 6.0 Daimler Mobility 58 1.6 691 18.7 Reconciliation -189
Slide 36: Key balance sheet and financial figures
Daimler Q1 2021 Key balance sheet and financial figures in billion euros Daimler Group Dec. 31, 2020 March 31, 2021 Equity ratio 21.3% 22.5% Gross liquidity 29.4 32.0 Funded status of pension obligations -11.0 -8.3 Funding ratio 72% 77%* Industrial business Equity ratio 37.3% 39.1% Net liquidity 17.
Slide 37: Financial flexibility over a 12-month period
Daimler Q1 2021 Financial flexibility over a 12-month period in billion euros 65.5 Other incl. ABS potential 52.0 Fin. Lease Net industrial liquidity at €20.1 billion improved significantly Commercial paper Gross industrial liquidity at €27.9 billion Bank loans Credit facility Financial flexibility
Slide 38: Mercedes-Benz Cars: unit sales by segments
Mercedes-Benz Cars: unit sales by segments in thousand units 539 10 smart 471 3 Sports Cars 6 6 257 SUVs 182 12 16 S-Class 77 88 E-Class 72 73 C-Class 115 92 A-/B-Class Q1 2020 Q1 2021 Daimler AG / 38
Slide 39: Mercedes-Benz Cars: unit sales by regions
Mercedes-Benz Cars: unit sales by regions in thousand units 539 471 76 Rest of world 81 Europe 126 excl. Germany 128 56 Germany 61 73 United States 69 208 China 132 Q1 2020 Q1 2021 Daimler AG / 39
Slide 40: Mercedes-Benz Cars: Unit sales in China
Mercedes-Benz Cars: Unit sales in China 758 in thousand units 678 694 imported 619 147 127 locally produced 193 488 196 400 171 293 150 611 567 485 208 147 423 317 41 250 167 146 2014 2015 2016 2017 2018 2019 2020 2021 YTD Daimler AG / 40
Slide 41: Mercedes-Benz Vans: Unit sales by regions
Mercedes-Benz Vans: Unit sales by regions in thousand units 88.4 76.2 10.1 Asia 6.8 4.0 Latin America 2.7 11.1 North America 7.3 53.1 57.5 EU30 6.8 5.7 Rest of world Q1 2020 Q1 2021 / Page Daimler AG 41 41
Slide 42: Mercedes-Benz Vans: Unit sales by segments
Mercedes-Benz Vans: Unit sales by segments in thousand units 88.4 76.2 42.0 Sprinter 39.2 28.5 Vito 19.9 11.9 14.6 V-Class 2.2 2.9 0.1 3.2 X-Class Citan 20.7 xx Q1 2020 Q1 2021 Daimler AG / 42
Slide 43: Trucks: Unit sales by regions
Daimler Trucks: Unit sales by regions in thousand units 98 92 5 9 Rest of world 31 26 Asia 7 11 Latin America 36 37 North America 13 15 EU30* Q1 2020 Q1 2021 * European Union, UK, Switzerland and Norway Daimler AG / 43
Slide 44: Trucks: Incoming Orders
Daimler Trucks: Incoming Orders* in thousand units 146 14 Rest of world 36 Asia 86 Latin America 11 7 24 6 54 North America 33 31 16 EU30** Q1 2020 Q1 2021 * Net order intake, adjusted for cancellations ** European Union, UK, Switzerland and Norway Daimler AG / 44
Slide 45: Buses: Unit sales by regions
Daimler Buses: Unit sales by regions in thousand units 5.1 1.0 3.7 0.5 0.4 Rest of world 0.6 Latin America 1.9 (excl. Brazil and Mexico) 1.6 Brazil 0.4 0.4 Mexico 1.3 0.7 EU30* Q1 2020 Q1 2021 * European Union, UK, Switzerland and Norway Daimler AG / 45
Slide 46: Mobility: Contract volume
Daimler Mobility: Contract volume in billion euros 150.6 XX.X 152.7 26.0 17.7 18.9 China 16.8 16.5 Africa & Asia-Pacific 59.6 XX.X 51.2 53.0 Americas 38.9 41.3 XX.X 38.8 Europe (excl. Germany) 25.9 25.9 25.5 XX.X Germany 12/31/2020 03/31/2021 Daimler AG / 46
Slide 47: Mobility Net credit losses
Daimler Mobility Net credit losses* 0,89% 0,83% 0,68% 0,61% 0,50% 0,51% 0,36% 0,43% 0,37% 0,34% 0,31% 0,33% 0,31% 0,24% 0,26% 0,26% 0,21% 0,22% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD 03 * as a percentage of portfolio, subject to credit risk Daim
Slide 48: YOUR NOW Joint Ventures Q1 2021
YOUR NOW Joint Ventures Q1 2021 1. FREE NOW & REACH NOW 2. SHARE NOW 3. PARK NOW & CHARGE NOW 03/2021 YTD Interactions in millions 74.8 28.6 0.2 3.4 42.3 0.3 Customers* in millions 99.3 47.5 1.9 3.1 46.7 0.1 Cities* >1,300 153 6 14 >1.150 n/a * Partially, data summation w/o consideration of possible
Slide 49: Disclaimer
Daimler Q1 2021 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 identif