Traton Se · XETR:8TRA
Traton — 9M 2021 Earnings Presentation
68 slides from Traton's earnings presentation, Oct 28, 2021
Slide 1: 9M 2021 Interim Statement
9M 2021 Interim Statement Christian Levin, CEO | Annette Danielski, CFO Munich, 10-28-2021 .
Slide 2: Disclaimer
Disclaimer This presentation has been prepared for information purposes only. It does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Volkswagen AG, TRATON SE, or any company of the TRATON GROUP
Slide 3: TRATON GROUP Executive Board Members
TRATON GROUP Executive Board Members Christian Levin1 Annette Danielski1 Bernd Osterloh CEO TRATON SE and Scania CFO TRATON SE CHRO TRATON SE and MAN Truck & Bus Dr. Ing. h.c. Andreas Tostmann Antonio Roberto Cortes Mathias Carlbaum1 CEO MAN Truck & Bus CEO Volkswagen Caminhões e Ônibus CEO Navistar
Slide 4: Definitions
Definitions TRATON Classic TRATON prior to the acquisition of Navistar TRATON TRATON including Navistar since Q3 2021 . 10-28-2021 9M 2021 Interim Statement | Investor Relations 4
Slide 5: Agenda
Agenda 1. 9M 2021 A. TRATON Classic B. Navistar Manufacturing Operations Q3 2021 C. TRATON 2. Navistar update 3. Outlook 4. Back up . 10-28-2021 9M 2021 Interim Statement | Investor Relations 5
Slide 6: 1A. 9M 2021 TRATON Classic
1A. 9M 2021 TRATON Classic . 10-28-2021 9M 2021 Interim Statement | Investor Relations 6
Slide 7: TRATON Classic: Key facts and highlights 9M 2021
TRATON Classic TRATON Classic: Key facts and highlights 9M 2021 Incoming orders Unit sales Sales revenue Business recovery continues, but environment still challenging and up 27% to up 68% to up 42% to impacted by supply chain constraints 244,679 units 181,348 units €19,958 mn Adjusted operating res
Slide 8: Q3 2021: Key figures
TRATON Classic Q3 2021: Key figures Incoming Unit sales Sales Operating Adj. operating Net cash orders (units) revenue result result flow (units) (€ mn) (€ mn) (€ mn) Industrial Business RoS Adj. RoS (€ mn) (%) (%) +26% +10% +12% 73,733 55,755 54,898 6,286 6,337 €+120 mn €+80 mn €-698 mn 49,922 5,66
Slide 9: Business recovery still underway, but impacted by supply constraints
TRATON Classic Business recovery still underway, but impacted by supply constraints Incoming orders & Unit sales Incoming orders & Unit sales 100 k units YoY change, % 90 50 80 40 30 70 20 60 10 50 0 40 -10 30 -20 20 -30 10 -40 0 -50 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 10: Sales revenue remain on pre-Covid-19 level despite supply constraints, earnings however impacted
TRATON Classic Sales revenue remain on pre-Covid-19 level despite supply constraints, earnings however impacted Sales revenue Adjusted operating result 9M 19 9M 20 9M 21 9M 19 9M 20 9M 21 €19.8 bn €15.7 bn €20.0 bn €1,470 mn €-9 mn €1,419 mn € bn € mn Adjusted RoS (%) 6.3 6.3 5.7 407 291 6.5 211 4.6
Slide 11: 1B. Navistar Manufacturing Operations Q3 2021
1B. Navistar Manufacturing Operations Q3 2021 . 10-28-2021 9M 2021 Interim Statement | Investor Relations 11
Slide 12: Navistar Manufacturing Operations: Key figures Q3 2021
Navistar Manufacturing Operations Key figures Q3 2021 Incoming orders (units) 23,638 Trucks1 19,961 Buses 3,677 Unit sales (units) 14,074 Trucks1 11,261 Buses 2,813 Book-to-bill (units) 1.7 Sales revenue (€ mn) 1,681 Operating result (€ mn) Impacted by €40 42 mn one- Return on sales (%) time costs 2
Slide 13: Effects from first-time consolidation of Navistar
Effects from first-time consolidation of Navistar …on the income statement …on the balance sheet Research & development costs Goodwill ►With the IFRS conversion, certain R&D are ►Preliminary purchase price allocation performed capitalized; more than €400 mn on opening balance sheet ►Preliminary good
Slide 14: 1C. 9M 2021 TRATON
1C. 9M 2021 TRATON . 10-28-2021 9M 2021 Interim Statement | Investor Relations 14
Slide 15: TRATON: Key facts and highlights 9M 2021
TRATON TRATON: Key facts and highlights 9M 2021 Incoming orders Unit sales Sales revenue Business recovery continues, but environment still challenging and impacted by supply chain constraints 268,317 units 195,422 units € 21,670 mn Operating result Adjusted operating Net cash flow (Return on sales)
Slide 16: Reconciliation from TRATON Classic to TRATON
TRATON Reconciliation from TRATON Classic to TRATON Sales revenue 9M 2021 Adjusted operating result 9M 2021 € bn € mn 1,712 21,670 19,958 1,419 53 -149 1,322 Impacted by €40 mn one- time costs TRATON Navistar TRATON TRATON Navistar Navistar PPA TRATON Classic Q3 2021 9M 2021 Classic (excl. PPA) Q3 2
Slide 17: Overview sales revenue and profit contribution by reporting segment
TRATON Overview sales revenue and profit contribution by reporting segment Sales revenue 9M 2021 Adjusted operating result 9M 2021 Growth rate (%) Contribution (€ mn) Adjusted return on sales (%) 10.7% 3.1% 2.5% 8.1% 5.4% 24.9% 6.1% 132 -361 € mn € mn 1,623 -268 21,305 683 -318 21,670 245 42 170 -5
Slide 18: Very strong incoming orders momentum continued: unit sales impacted by supply constraints
TRATON Very strong incoming orders momentum continued: unit sales impacted by supply constraints Trucks and buses (units) Q3 2021 Q3 2020 +/- Q3 2021 Q3 2020 +/- Q3 2021 Q3 2020 +/- Q3 2021 Q3 2020 +/- Incoming orders 25,023 25,934 -4% 33,216 21,553 54% 23,638 n/a n/a 15,502 11,112 40% of which truc
Slide 19: Net cash flow impacted by acquisition of Navistar and supply shortages
TRATON Net cash flow impacted by acquisition of Navistar and supply shortages Net cash flow Industrial Business 9M 19 9M 20 9M 21 Working Capital tied up (mainly €345 mn €-148 mn €-2,842 mn3 inventories and receivabels) € mn increased due to growth in 824 operating actvities and delivery 539 problem
Slide 20: Net liquidity impacted by Navistar acquisition as expected
TRATON Net liquidity impacted by Navistar acquisition as expected Total financial debt bridge Industrial Business, 9M 2021 € mn 27 -127 -587 -320 -3,118 -2,745 65 -6,806 -1,478 -1,078 -9,362 Net Dividend MAN MAN T&B Purchase Net debt Other Net debt Pensions Pensions Total debt liquidity TRATON Merge
Slide 21: Electrification has already started
TRATON Electrification has already started Incoming orders and unit sales of fully electric TRATON GROUP BEV product range vehicles, 9M 2021 units Incoming orders Unit sales TRATON GROUP 1,151 666 Trucks (incl. MAN TGE) 830 606 Trucks Scania 117 21 Trucks MAN 2 3 Scania electric truck MAN electric b
Slide 22: Achieving sustainable profitability of MAN is top priority
TRATON Achieving sustainable profitability of MAN is top priority Objectives and achievements Reduction of about 3,500 jobs in Germany ► Clear focus on sustainable profitability of MAN Truck & Bus ► Profitability as basis for investments in future technologies Restructuring of the production and dev
Slide 23: Responsible behavior as top priority
TRATON Responsible behavior as top priority Responsible behavior Scania joins The Climate Pledge MAN joins the Science Based Targets Initiative Scania is joining Amazon and Global Optimism in The Climate Sustainability is a key component of the "NewMAN" Pledge, and is now one of the companies commit
Slide 24: 2. Navistar update
2. Navistar update . 10-28-2021 9M 2021 Interim Statement | Investor Relations 24
Slide 25: Multiple opportunities for value creation
Multiple opportunities for value creation Leverage common Revenue growth through emerging technologies 1 components and technologies Use of powerful component and technology set-up within the TRATON GROUP Leverage powertrain components, i.e. the Common Base Engine Continued strong positon in bus, me
Slide 26: Leverage common components and technologies
Leverage common components and technologies Powertrain package, the Planned market introduction Common Base Engine (CBE), introduced across brands Scania: Introduction of the new 13- liter range in November; start of production scheduled during the second quarter of 2022 MAN: Construction has starte
Slide 27: Strengthen Navistar to regain market share
Strengthen Navistar to regain market share Navistar HDT market share development over time (combined Class 8) Historical market shares Potential Financial MaxxForce engine issues crisis 26% 13% 2009 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2025 . 10-28-2021 9M 2021 Interim Statement | Investor R
Slide 28: Leverage dealer & service network
Leverage dealer & service network ► Navistar with access to the largest International and IC: +700 Locations USA/Canada combined distribution and service network in North America Service partnerships: +300 Locations USA/Canada combined ► Largest dealer network in North America ► Service partnership
Slide 29: Financial Services
Financial Services ► Navistar provides and manages retail, wholesale, and lease financing of products sold by the Truck and Parts segments, as well as their dealers, within the U.S., Canada and Mexico ► Further capitalize Navistar’s financial services businesses ► Expand the financial services produ
Slide 30: 3. Outlook
3. Outlook . 10-28-2021 9M 2021 Interim Statement | Investor Relations 30
Slide 31: Positive truck market outlook, but risks increasing
TRATON Positive truck market outlook, but risks increasing 376 400 k units > 6t 341 300 300 Market expectations2 EU27+31 200 273 2021e 100 0 +10% – +25% 2009 2011 2013 2015 2017 2019 2021e 300 k units > 6t 144 Market expectations2 South 200 180 100 161 2021e America 129 +25% – +40% 0 2009 2011 2013
Slide 32: TRATON Outlook 2021 – Recovery after strong decline, but short term challenges arising
TRATON TRATON Classic TRATON Outlook 2021 – Recovery after strong decline, but short term challenges arising TRATON Classic TRATON Classic TRATON FY 2021 Outlook FY 2021 Outlook FY 2020 07-28-211 10-28-212 190.2 k sharp very sharp Unit sales -21% increase increase €22.6 bn substantial very sharp Sal
Slide 33: New reporting structure from Q4 2021
TRATON New reporting structure from Q4 2021 Part of the TRATON outlook and report on expected developments TRATON GROUP TRATON Corporate Segment TRATON Operations Financial Items1 reporting Services Scania Navistar Volkswagen MAN Key figures Vehicle & Manufacturing Caminhões e Truck & Bus overview S
Slide 34: TRATON – Key takeaways
TRATON TRATON – Key takeaways Global economy clearly recovering, but still challenging year due Business climate to uncertainties and severe impacts from truck markets in core regions recovering, but COVID-19 pandemic not yet reaching pre-pandemic level in Europe and North America; supply chain cons
Slide 35: Capital Markets Day
Capital Markets Day TRATON Capital Markets Day ► Expected date April/May 2022 ► Expected highlights/themes - New strategy - MAN Truck & Bus restructuring update - Navistar update - And some more . 10-28-2021 9M 2021 Interim Statement | Investor Relations 35
Slide 36: 4. Back-up TRATON GROUP
4. Back-up TRATON GROUP . 10-28-2021 9M 2021 Interim Statement | Investor Relations 36
Slide 37: GROUP – Segment highlights TRATON
TRATON GROUP – Segment highlights TRATON Industrial Business (IB) Q3 2021 YoY 9M 2021 YoY Financial Services (FS) Q3 2021 YoY 9M 2021 YoY 1 Incoming orders (units) 97,371 +66% 268,317 +84% Sales revenue (€ mn) 264 +32% 683 +12% Unit sales (units) 1 68,972 +38% 195,422 +53% Operating result (€ mn) 70
Slide 38: GROUP – Sales revenue
TRATON GROUP – Sales revenue Sales Revenue Growth YoY (%) +15% +35% +38% +42% € mn € mn 8,049 21,670 6,839 6,544 7,076 5,679 5,667 4,394 13,621 6,544 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 H1 9M FY 20 20 20 20 21 21 21 21 21 21 21 21 . 10-28-2021 9M 2021 Interim Statement | Investor Relations 38
Slide 39: GROUP – Adjusted operating result and adjusted return on sales
TRATON GROUP – Adjusted operating result and adjusted return on sales Adjusted operating result Growth YoY (€ mn) Adjusted return on sales (%) +355 +1,348 +1,331 €-17 mn € mn € mn 612 516 161 211 8.6 195 144 7.9 1,322 3.7 2.4 1,128 2.8 2.1 -8.7 516 -382 7.9 8.3 6.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 H1 9M F
Slide 40: 4. Back-up Segment Industrial Business
4. Back-up Segment Industrial Business . 10-28-2021 9M 2021 Interim Statement | Investor Relations 40
Slide 41: Industrial Business – Incoming orders
TRATON Industrial Business – Incoming orders Growth YoY (%) Incoming orders Book-to-bill (ratio in units) +51% +96% +84% 1.18 1.05 1.17 1.12 1.36 1.35 1.41 +66% 89,204 97,371 units units 81,742 268,317 70,318 54,161 58,502 170,946 Buses Buses 33,270 81,742 Trucks1 Trucks1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 42: Industrial Business – Unit sales
TRATON Industrial Business – Unit sales Growth YoY (%) Unit sales +31% +63% +53% +38% units units 66,135 68,972 62,520 60,315 49,922 45,990 195,422 31,748 Buses Buses 126,450 60,315 Trucks1 Trucks1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 21 H1 21 9M 21 FY 21 20 20 20 20 21 21 21 21 ► Market recovery in the truck
Slide 43: Industrial Business – Unit sales
TRATON Industrial Business – Unit sales Truck unit sales in core markets1; 2021 (units) Growth 9M 2021 (%) Market growth3 (%) Q1 24,169 H1 48,993 +32% EU27+32 +25% 9M 66,805 FY Q1 6,587 H1 12,582 Germany 9M 17,592 +10% +20% FY Q1 16,956 South H1 36,827 9M 56,651 +93% ~+55% America FY Q1 14,489 H1 31
Slide 44: Industrial Business – Sales revenue and adjusted return on sales
TRATON Industrial Business – Sales revenue and adjusted return on sales Sales revenue Growth YoY (%) Adjusted return on sales (%) +16% +36% +38% €+42% 7,901 € mn € mn 6,736 6,438 6,966 5,564 5,565 21,305 4,290 7.2 8.1 13,404 2.4 3.1 1.8 1.6 6,438 -9.3 7.2 7.7 5.4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 H1 9M FY
Slide 45: Industrial Business – Leverage ratios
TRATON Industrial Business – Leverage ratios Net liquidity in Q3/9M 21 impacted by the acquisition of Navistar Gearing ratio1 Net debt/adjusted EBITDA2 Equity ratio: solidly at 27% x % 11 Net Liquidity Net Liquidity 0.5 5 3 0.2 0.2 0 0.0 Net Debt Net Debt -1 -0.1 -3 -0.2 -6 -0.5 -56 -2.1 FY Q1 H1 9M
Slide 46: Industrial Business – Net liquidity
TRATON Industrial Business – Net liquidity Net liquidity/financial net debt bridge, 9M 2021 € mn -1,272 2,211 27 -3,780 -587 -3,279 -125 -6,806 Net liquidity Gross Change in Investing MAN Merger- Net debt Other 2 Net debt FY 20 cash flow working activities Squeeze Out Navistar Man. 9M 21 capital att
Slide 47: Scania Vehicles & Services – Key figures
Scania Vehicles & Services – Key figures Incoming orders (k units) Unit sales (k units) Book-to-bill (ratio in units) -4% -11 bp +4% 1.60 1.47 36.9 38.5 1.50 1.34 1.39 32.7 1.14 1.11 20.7 25.9 25.0 24.4 23.0 26.2 18.2 17.3 18.0 13.6 12.3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 48: MAN Truck & Bus – Key figures
MAN Truck & Bus – Key figures Incoming orders (k units) Unit sales (k units) Book-to-bill (ratio in units) +54% +57 bp -3% 1.56 32.1 35.3 33.2 1.33 1.37 1.48 28.1 1.04 0.99 24.1 21.6 25.2 18.2 21.9 23.4 24.0 21.3 0.89 14.1 13.5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 49: Navistar Manufacturing Operations – Key figures
Navistar Manufacturing Operations – Key figures Incoming orders1 (k units) Unit sales1 (k units) Book-to-bill (ratio in units) 1.68 23.6 14.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 20 20 20 20 21 21 21 21 20 20 20 20 21 21 21 21 20 20 20 20 21 21 21 21 Sales revenue
Slide 50: Volkswagen Caminhões e Ônibus – Key figures
Volkswagen Caminhões e Ônibus – Key figures Incoming orders (k units) Unit sales (k units) Book-to-bill (ratio in units) -3 bp +40% +43% 1.23 0.97 0.94 1.02 0.91 0.96 0.99 11.1 12.5 12.8 15.4 15.5 10.9 10.2 14.0 16.0 15.6 9.5 9.9 5.7 6.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 51: 4. Back-up Segment Financial Services
4. Back-up Segment Financial Services . 10-28-2021 9M 2021 Interim Statement | Investor Relations 51
Slide 52: Financial Services – Sales revenue and return on sales
TRATON Financial Services – Sales revenue and return on sales Sales revenue Growth YoY (%) Return on sales (%) -5% +1% +12% +32% € mn € mn 264 216 208 205 214 197 200 683 24.6 23.1 26.6 419 18.7 12.0 12.2 9.5 205 24.6 23.8 24.9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 H1 9M FY 20 20 20 20 21 21 21 21 21 21 21 21
Slide 53: Financial Services – Operating result
TRATON Financial Services – Operating result Growth YoY (€ mn) Operating result +25 +55 +88 €+33 mn 70 € mn € mn 51 49 170 37 100 26 25 19 51 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 H1 9M FY 20 20 20 20 21 21 21 21 21 21 21 21 ► Excluding Navistar, operating result for 9M 2021 would have been €163 mn ► Strong in
Slide 54: 4. Back-up Appendix
4. Back-up Appendix . 10-28-2021 9M 2021 Interim Statement | Investor Relations 54
Slide 55: Incoming orders and unit sales
TRATON Incoming orders and unit sales Incoming orders (units) Q1 18 Q2 18 Q3 18 Q4 18 FY 18 Q1 19 Q2 19 Q3 19 Q4 19 FY 19 Q1 20 Q2 20 Q3 20 Q4 20 FY 20 Q1 21 Q2 21 Q3 21 Industrial Business 67,359 60,184 52,925 63,246 243,714 64,357 56,134 49,217 57,532 227,240 54,161 33,270 58,502 70,318 216,251 81
Slide 56: Sales revenue
TRATON Sales revenue Sales revenue (€ mn) Q1 18 Q2 18 Q3 18 Q4 18 FY 18 Q1 19 Q2 19 Q3 19 Q4 19 FY 19 Q1 20 Q2 20 Q3 20 Q4 20 FY 20 Q1 21 Q2 21 Q3 21 Group 6,051 6,558 6,014 7,303 25,927 6,413 7,128 6,286 7,075 26,901 5,679 4,394 5,667 6,839 22,580 6,544 7,076 8,049 Industrial Business 5,765 6,303 5
Slide 57: Operating result and return on sales
TRATON Operating result and return on sales Operating result (€ mn) Q1 18 Q2 18 Q3 18 Q4 18 FY 18 Q1 19 Q2 19 Q3 19 Q4 19 FY 19 Q1 20 Q2 20 Q3 20 Q4 20 FY 20 Q1 21 Q2 21 Q3 21 Group 386 477 245 405 1,513 490 585 407 401 1,884 161 -382 162 139 81 155 301 186 Industrial Business 352 435 193 366 1,346
Slide 58: Adjusted operating result and adjusted return on sales
TRATON Adjusted operating result and adjusted return on sales Adj. oper. result (€ mn) Q1 18 Q2 18 Q3 18 Q4 18 FY 18 Q1 19 Q2 19 Q3 19 Q4 19 FY 19 Q1 20 Q2 20 Q3 20 Q4 20 FY 20 Q1 21 Q2 21 Q3 21 Group 386 477 360 427 1,650 490 573 407 401 1,871 161 -382 211 144 135 516 612 195 Industrial Business 35
Slide 59: Adjustments
TRATON Adjustments Adjustments (€ mn) FY 16 FY 17 Q1 18 Q2 18 Q3 18 Q4 18 FY 18 Q1 19 Q2 19 Q3 19 Q4 19 FY 19 Q1 20 Q2 20 Q3 20 Q4 20 FY 20 Q1 21 Q2 21 Q3 21 Operating result 727 1,512 386 477 245 405 1,513 490 585 407 401 1,884 161 -382 162 139 81 155 301 186 Scania: Expense for antitrust 403 proce
Slide 60: Balance sheet assets
TRATON Balance sheet assets Balance sheet - Assets (€ mn) 12/31/18 3/31/19 6/30/19 9/30/19 12/31/19 3/31/20 6/30/20 9/30/20 12/31/20 3/31/21 6/30/21 9/30/21 Total assets 46,384 43,283 44,026 44,799 45,183 42,148 42,798 41,211 42,767 45,379 47,328 54,615 Noncurrent assets 25,851 27,278 27,546 27,574
Slide 61: Balance sheet equity & liabilities
TRATON Balance sheet equity & liabilities Balance sheet - Equity & liabilities (€ mn) 12/31/18 3/31/19 6/30/19 9/30/19 12/31/19 3/31/20 6/30/20 9/30/20 12/31/20 3/31/21 6/30/21 9/30/21 Total equity and liabilities 46,384 43,279 44,026 44,799 45,183 42,148 42,798 41,211 42,767 45,379 47,328 54,615 Eq
Slide 62: Income statement
TRATON Income statement Income statement (€ mn) FY 18 Q1 19 Q2 19 Q3 19 Q4 19 FY 19 Q1 20 Q2 20 Q3 20 Q4 20 FY 20 Q1 21 Q2 21 Q3 21 Sales revenue 25,927 6,413 7,128 6,286 7,075 26,901 5,679 4,394 5,667 6,839 22,580 6,544 7,076 8,049 Cost of sales -20,946 -5,109 -5,653 -5,063 -5,792 -21,618 -4,659 -3
Slide 63: Regional truck unit sales
TRATON Regional truck unit sales1 EU27+32 Germany Brazil North America3 units units units units -10% 28,380 24,169 24,824 +80% 20,783 19,722 17,434 17,812 16,838 -22% 14,489 12,834 10,481 11,460 8,818 9,649 9,337 6,117 6,390 6,587 5,995 6,271 3,500 5,010 320 214 325 251 297 447 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 64: Net cash flow & net liquidity Industrial Business
TRATON Net cash flow & net liquidity Industrial Business Net cash flow (€ mn), IB FY 18 Q1 19 Q2 19 Q3 19 Q4 19 FY 19 Q1 20 Q2 20 Q3 20 Q4 20 FY 20 Q1 21 Q2 21 Q3 21 Reported 221 1,602 182 539 389 2,711 -167 -179 199 824 676 397 130 -3,368 NET LIQUIDITY (€ mn), IB FY 19 Q1 20 Q2 20 Q3 20 FY 20 Q1 21
Slide 65: Bonds outstanding (benchmark size only)
TRATON Bonds outstanding (benchmark size only)1 1 Excluding €300 mn 2y FRN bond issued on August 27, 2021. . 10-28-2021 9M 2021 Interim Statement | Investor Relations 65
Slide 66: TRATON GROUP debt maturity profile
TRATON TRATON GROUP debt maturity profile Maturity profile (€ bn)1 9M 2021 developments Debt overview (€ bn) ► €700 mn Schuldschein issued (tranches of 3, 5 and 7 years) TRATON financial debt 17.8 thereof IB 8.0 8.0 ► Total of €3.8 bn Bonds issued 6.78 (tranches of 2, 3, 4, 8 and 12 years) thereof F
Slide 67: Contacts Investor Relations
Contacts Investor Relations Rolf Woller Philipp Lotz Head of Treasury & Investor Relations Analysts and Investors, Rating, Debt Capital Markets +49 89 360 98 335 +49 89 360 98 283 rolf.woller@traton.com philipp.lotz@traton.com Margit Hartmann Thomas Paschen Annual General Meeting, Events Analysts an
Slide 68: Contact TRATON SE
Contact TRATON SE Dachauer Str. 641 80995 Munich www.traton.com http://ir.traton.com