Slide 1: Capital Market Presentation Q2 2020
DAIMLER AG DISCLOSURE Q2 2020 CAPITAL MARKET PRESENTATION July 23, 2020
Slide 2: Key Topics
DAIMLER Q2 2020 KEY TOPICS Effective cash measures Initiated large number of measures to protect cash position; net liquidity at a robust level. Positive market signals First signs of sales recovery: Mercedes-Benz passenger cars with best ever Q2 in China and Vans with best ever quarter in China; or
Slide 3: Key Figures
DAIMLER Q2 2020 KEY FIGURES Unit sales Revenue EBIT EBIT adjusted in thousands of units in billions of euros in billions of euros in billions of euros 2.4 822 42.7 542 30.2 -34% -29% -1.6 -1.7 -0.7 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Net loss Earnings per share Free cash
Slide 4: Net Industrial Liquidity
DAIMLER Q2 2020 NET INDUSTRIAL LIQUIDITY in billions of euros Free cash flow industrial business Q2 2020: €0.7 billion +2.4 -2.4 +1.9 +0.1 -0.5 9.3 -1.3 9.5 Net industrial Earnings and Working Depreciation and Additions to Investments in Other Net industrial liquidity other cash capital impact amort
Slide 5: Mercedes-Benz Cars & Vans Key Topics Q2 2020
MERCEDES-BENZ CARS & VANS KEY TOPICS Q2 2020 Nearly all worldwide dealerships reopened. Strong finish to global retail car deliveries for Q2 in June. Favorable development in model mix and pricing. Progressing on xEV share towards 2020 target. Streamlining of global production network. Strategic gro
Slide 6: Mercedes-Benz Passenger Cars Business Recovery in H1
MERCEDES-BENZ PASSENGER CARS BUSINESS RECOVERY IN H1 Group sales in thousands of units 80 China 60 40 20 0 80 60 Europe 40 20 0 40 30 United 20 States 10 0 Jun 19 Jun 20 Daimler AG Capital Market Presentation Q2 2020 / July 23, 2020 / Page 6
Slide 7: Mercedes-Benz Cars & Vans Key Figures
MERCEDES-BENZ CARS & VANS KEY FIGURES Unit sales Revenue EBIT adjusted CFBIT in thousands of units in billions of euros in millions of euros in millions of euros 1,148 430 687 25.4 481 18.9 -30% -25% -284 -2,141 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Daimler AG Capital Marke
Slide 8: Mercedes-Benz Cars & Vans EBIT and RoS
MERCEDES-BENZ CARS & VANS EBIT AND ROS Favorable model mix and pricing Cost and capacity adjustments in millions of euros Fixed cost reduction in all functional areas Lower unit sales Residual values Gross profit -2,146 Discounting of non-current provisions +3,932 1,148 -2,252 RoS: 4.5% +116 +1 +5 -
Slide 9: Mercedes-Benz Cars & Vans Reconciliation from EBIT to CFBIT Q2 2020
MERCEDES-BENZ CARS & VANS RECONCILIATION FROM EBIT TO CFBIT Q2 2020 in millions of euros +170 +2,090 +92 522 +1,548 -62 430 • Legal proceedings +92 -1,125 -2,191 EBIT Change in Net financial Net investments Depreciation and Other CFBIT Adjustments CFBIT Q2 2020 working capital investments in pp&e an
Slide 10: Daimler Trucks & Buses Key Topics Q2 2020
DAIMLER TRUCKS & BUSES KEY TOPICS Q2 2020 Significant sales decreases accelerated by COVID-19; most severe impact in Europe and North America Incoming orders in Europe and North America show first positive signs Ongoing strong focus on cash preservation measures Progressive execution of restructurin
Slide 11: Daimler Trucks & Buses Business Recovery in H1
DAIMLER TRUCKS & BUSES BUSINESS RECOVERY IN H1 Group sales of Daimler Trucks in thousands of units 8 6 EU30 4 2 0 20 15 North 10 America 5 0 12 9 6 Asia 3 0 Jun 19 Jun 20 Daimler AG Capital Market Presentation Q2 2020 / July 23, 2020 / Page 11
Slide 12: Daimler Trucks & Buses Key Figures
DAIMLER TRUCKS & BUSES KEY FIGURES Incoming orders* Unit sales Revenue EBIT adjusted CFBIT in thousands of units in thousands of units in billions of euros in millions of euros in millions of euros 834 1,027 105 135 11.6 60 -43% -55% 61 -46% 6.2 -747 -121 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2
Slide 13: Daimler Trucks & Buses EBIT and RoS
DAIMLER TRUCKS & BUSES EBIT AND ROS Cost and capacity adjustments in response to COVID-19 pandemic Significant fixed cost reduction in millions of euros Significantly lower unit sales in all regions due to market downturns Customer service measures at Mercedes-Benz Trucks Gross profit -1,801 Stock v
Slide 14: Trucks & Buses Reconciliation from EBIT to CFBIT Q2 2020
DAIMLER TRUCKS & BUSES RECONCILIATION FROM EBIT TO CFBIT Q2 2020 in millions of euros +218 -121 +339 +306 -27 -201 -756 EBIT Change in Net financial Net investments Depreciation and Provisions, other CFBIT Q2 2020 working capital investments in pp&e and amortization/ Q2 2020 intangible assets impair
Slide 15: Daimler Mobility Key Topics Q2 2020
DAIMLER MOBILITY KEY TOPICS Q2 2020 Significant decrease in new business due to COVID-19 pandemic Support for our dealer network and high-quality customers ongoing to facilitate recovery phase Moderate adjustment of credit risk provisions in Q2 Further adjustment on investment in YOUR NOW group Posi
Slide 16: Daimler Mobility Key Figures
DAIMLER MOBILITY KEY FIGURES New business Contract volume EBIT adjusted in billions of euros in billions of euros in millions of euros 18.4 162.8 153.7 483 14.0 313 -24% -6% -35% Q2 2019 Q2 2020 12/31/2019 6/30/2020 Q2 2019 Q2 2020 Daimler AG Capital Market Presentation Q2 2020 / July 23, 2020 / Pag
Slide 17: Daimler Mobility EBIT and RoE
DAIMLER MOBILITY EBIT AND ROE Implemented cost-saving measures Higher cost of credit risk due to COVID-19 pandemic Higher funding costs in millions of euros Gross profit* -234 +19 -152 +52 483 431 RoE: • Legal 14.0% RoE: proceedings +23 12.5% • Restructuring -82 +31 -23 measures +29 +37 313 -108 RoE
Slide 18: Group EBIT
DAIMLER Q2 2020 GROUP EBIT Mercedes-Benz Cars & Vans: in millions of euros • Legal proceedings -53 • Restructuring measures -788 Daimler Trucks & Buses: • Restructuring measures -9 +4,005 2,447 -1,432 Daimler Mobility: • Restructuring measures: -108 mainly adjustment on YOUR NOW group Reconciliation
Slide 19: Reconciliation from CFBIT to Free Cash Flow
DAIMLER Q2 2020 RECONCILIATION FROM CFBIT TO FREE CASH FLOW in millions of euros +93 778 +70 685 +35 • Legal +271 proceedings +93 430 -121 CFBIT CFBIT Income Interest Other Free cash flow Adjustments Free cash flow Mercedes-Benz Daimler taxes* received reconciling (industrial business) (industrial b
Slide 20: 2020 Outlook Guidance
2020 OUTLOOK GUIDANCE FY: Significant decrease of all major automotive markets ASSUMPTIONS H2: Significant recovery of economy and unit sales Cost and cash measures to be continued GROUP SALES Daimler Group Below the prior-year level REVENUE Daimler Group Below the prior-year level EBIT Daimler Grou
Slide 21: Looking Forward
DAIMLER Q2 2020 LOOKING FORWARD Cost and cash preservation measures to continue in H2 Flexibility in production and market reaction remains a top priority Capacity adjustments and efficiency measures to be intensified New S-Class to be presented in fall setting the standard in digitization Strong co
Slide 22: Additional Financial Details
ADDITIONAL FINANCIAL DETAILS Daimler AG Capital Market Presentation Q2 2020 / July 23, 2020 / Page 22
Slide 23: H1 2020 Key Figures
DAIMLER H1 2020 KEY FIGURES Unit sales Revenue EBIT EBIT adjusted in thousands of units in billions of euros in billions of euros in billions of euros 1.2 1,595 82.3 4.8 1,186 67.4 -26% -18% -100% -1.1 0.01 H1 2019 H1 2020 H1 2019 H1 2020 H1 2019 H1 2020 H1 2019 H1 2020 Net profit/loss Earnings per
Slide 24: H1 2020 Group EBIT
DAIMLER H1 2020 GROUP EBIT in millions of euros +3,517 4,757 -2,201 -1,887 1,240 • M&A -603 • Legal proceedings -155 transactions -718 • Restructuring • Legal proceedings +3,640 -55 11 measures -921 • Restructuring measures +595 -1,076 -1,065 EBIT Adjustments EBIT Mercedes-Benz Daimler Daimler Recon
Slide 25: Q2 2020 Revenue by Divisions
DAIMLER Q2 2020 REVENUE BY DIVISIONS in billions of euros Q2 2019 Q2 2020 % change Daimler Group 42.7 30.2 -29 of which Mercedes-Benz Cars & Vans 25.4 18.9 -25 Daimler Trucks & Buses 11.6 6.2 -46 Daimler Mobility 7.1 6.5 -10 Daimler AG Capital Market Presentation Q2 2020 / July 23, 2020 / Page 25
Slide 26: Q2 2020 Revenue by Regions
DAIMLER Q2 2020 REVENUE BY REGIONS in billions of euros Q2 2019 Q2 2020 % change Daimler Group 42.7 30.2 -29 of which Europe 17.2 11.5 -34 of which Germany 6.7 4.8 -29 North America 13.2 8.2 -38 of which United States 11.4 7.3 -36 Asia 9.7 9.2 -5 of which China* 4.7 5.3 +15 Other markets 2.5 1.3 -46
Slide 27: Q2 2020 EBIT by Divisions
DAIMLER Q2 2020 EBIT BY DIVISIONS EBIT in millions of euros; RoS/RoE in % Q2 2019 Q2 2020 EBIT RoS/RoE* EBIT RoS/RoE* Daimler Group -1,558 -5.6 -1,682 -8.0 of which Mercedes-Benz Cars & Vans -2,784 -11.0 -1,125 -5.9 Daimler Trucks & Buses 834 7.2 -756 -12.2 Daimler Mobility 431 12.5 205 5.6 Reconcil
Slide 28: Adjustments Affecting EBIT
DAIMLER Q2 2020 ADJUSTMENTS AFFECTING EBIT in millions of euros Mercedes-Benz Cars & Vans Q2 2019 Q2 2020 Legal proceedings and related measures 3,473 53 Restructuring measures 459 788 Daimler Trucks & Buses Restructuring measures – 9 Daimler Mobility Legal proceedings and related measures 23 – Rest
Slide 29: Q2 2020 EBIT Adjusted by Divisions
DAIMLER Q2 2020 EBIT ADJUSTED BY DIVISIONS EBIT adjusted in millions of euros; RoS/RoE adjusted in % Q2 2019 Q2 2020 EBIT RoS/RoE EBIT RoS/RoE adjusted adjusted* adjusted adjusted* Daimler Group 2,447 5.5 -708 -4.3 of which Mercedes-Benz Cars & Vans 1,148 4.5 -284 -1.5 Daimler Trucks & Buses 834 7.2
Slide 30: Q2 2020 Consolidated Statement of Income (Condensed)
DAIMLER Q2 2020 CONSOLIDATED STATEMENT OF INCOME (CONDENSED) in millions of euros Daimler Group Industrial Business Daimler Mobility Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Revenue 42,650 30,184 35,505 23,734 7,145 6,450 Cost of sales -37,104 -27,489 -30,878 -21,742 -6,226 -5,747 Gross profi
Slide 31: H1 2020 Consolidated Statement of Income (Condensed)
DAIMLER H1 2020 CONSOLIDATED STATEMENT OF INCOME (CONDENSED) in millions of euros Daimler Group Industrial Business Daimler Mobility H1 2019 H1 2020 H1 2019 H1 2020 H1 2019 H1 2020 Revenue 82,348 67,407 68,322 53,856 14,026 13,551 Cost of sales -69,231 -59,001 -57,028 -46,611 -12,203 -12,390 Gross p
Slide 32: Q2 2020 EBIT of the Industrial Business
DAIMLER Q2 2020 EBIT OF THE INDUSTRIAL BUSINESS in millions of euros Mercedes-Benz Daimler Reconciliation Cars & Vans Trucks & Buses Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Revenue 25,418 18,949 11,581 6,200 -1,494 -1,415 Cost of sales -22,755 -17,341 -9,381 -5,805 1,258 1,404 Gross profit 2
Slide 33: H1 2020 EBIT of the Industrial Business
DAIMLER H1 2020 EBIT OF THE INDUSTRIAL BUSINESS in millions of euros Mercedes-Benz Daimler Reconciliation Cars & Vans Trucks & Buses H1 2019 H1 2020 H1 2019 H1 2020 H1 2019 H1 2020 Revenue 49,481 42,145 21,755 14,944 -2,914 -3,233 Cost of sales -41,969 -36,617 -17,649 -13,130 2,590 3,136 Gross profi
Slide 34: H1 2020 Statement of Cash Flows (Condensed)
DAIMLER H1 2020 STATEMENT OF CASH FLOWS (CONDENSED) in millions of euros Daimler Group Industrial Business H1 2019 H1 2020 H1 2019 H1 2020 Cash provided by operating activities 2,198 8,985 2,356 3,180 of which: Profit/loss before income taxes 951 -1,202 -685 -1,459 Depreciation and amortization/impa
Slide 35: Q2 2020 Reconciliation to CFBIT Adjusted
DAIMLER Q2 2020 RECONCILIATION TO CFBIT ADJUSTED in millions of euros Mercedes-Benz Cars & Vans Daimler Trucks & Buses Q2 2019 Q2 2020 Q2 2019 Q2 2020 CFBIT -2,141 430 1,027 -121 Legal proceedings and related measures 94 92 – – Restructuring measures – – – – M&A transactions – – – – CFBIT adjusted -
Slide 36: H1 2020 Reconciliation from CFBIT to Free Cash Flow
DAIMLER H1 2020 RECONCILIATION FROM CFBIT TO FREE CASH FLOW in millions of euros +547 -1,084 -1,299 +51 -206 • Legal -160 -17 -1,631 proceedings +246 • Restructuring measures +301 CFBIT CFBIT Income Interest Other Free cash flow Adjustments Free cash flow Mercedes-Benz Daimler taxes* received reconc
Slide 37: Key Balance Sheet and Financial Figures
DAIMLER Q2 2020 KEY BALANCE SHEET AND FINANCIAL FIGURES Daimler Group Dec. 31, 2019 June 30, 2020 Equity ratio 20.5% 19.6% Gross liquidity 27.5 29.3 Funded status of pension obligations -8.4 -10.3 Funding ratio 77% 72% Industrial business Equity ratio 36.7% 33.7% Net liquidity 11.0 9.5 Free cash flo
Slide 38: Statement of Financial Position (Condensed)
DAIMLER Q2 2020 STATEMENT OF FINANCIAL POSITION (CONDENSED) in millions of euros Daimler Group Industrial Business Dec. 31, 2019 June 30, 2020 Dec. 31, 2019 June 30, 2020 Intangible assets 15,978 16,587 15,077 15,697 Property, plant and equipment 37,143 36,483 36,782 36,162 Receivables from financia
Slide 39: H1 2020 Net Industrial Liquidity
DAIMLER H1 2020 NET INDUSTRIAL LIQUIDITY in billions of euros Free cash flow industrial business Q1 2020: minus €2.3 billion, Q2 2020: plus €0.7 billion +4.4 -4.7 11.0 -3.1 +1.8 -0.0 +0.1 9.5 Net industrial Earnings and Working Depreciation and Additions to Investments in Other Net industrial liquid
Slide 40: H1 2020 Development of Gross Industrial Liquidity
DAIMLER H1 2020 DEVELOPMENT OF GROSS INDUSTRIAL LIQUIDITY in billions of euros Financial Services Industrial Business +6.7 -13.2 +5.8 -0.5 -4.0 +8.4 +0.6 29.3 27.5 -0.2 -1.6 4.9 3.9 23.7 24.4 Gross Dividend Free cash flow Free cash flow Other debt ABS New ABS Bond New bonds FX and Gross liquidity pa
Slide 41: Financial Flexibility over a 12-Month Period
DAIMLER Q2 2020 FINANCIAL FLEXIBILITY OVER A 12-MONTH PERIOD in billions of euros 69.6 Bridge loan facility 51.9 Other, incl. Net industrial liquidity at €9.5 billion continues to be at a solid level ABS finance lease potential Commercial Gross industrial liquidity at €24.4 billion paper Credit Bank
Slide 42: Additional Divisional Details
ADDITIONAL DIVISIONAL DETAILS Daimler AG Capital Market Presentation Q2 2020 / July 23, 2020 / Page 42
Slide 43: Mercedes-Benz Cars & Vans Net Assets
MERCEDES-BENZ CARS & VANS NET ASSETS in millions of euros Dec. 31, 2019 June 30, 2020 Intangible assets 13,234 13,888 Property, plant and equipment 27,933 27,586 Inventories 20,959 21,132 Trade receivables 7,556 6,291 Other segment assets 24,808 24,189 Segment assets 94,490 93,086 Trade payables 9,0
Slide 44: Daimler Trucks & Buses Net Assets
DAIMLER TRUCKS & BUSES NET ASSETS in millions of euros Dec. 31, 2019 June 30, 2020 Intangible assets 1,828 1,794 Property, plant and equipment 8,569 8,264 Inventories 7,615 7,839 Trade receivables 3,469 2,595 Other segment assets 6,497 5,976 Segment assets 27,978 26,468 Trade payables 2,847 2,851 Ot
Slide 45: Q2 2020 Unit Sales
DAIMLER Q2 2020 UNIT SALES in thousands of units Q2 2019 Q2 2020 % change Daimler Group 821.7 541.8 -34 of which Mercedes-Benz Cars 575.6 408.9 -29 Mercedes-Benz Vans 111.1 71.9 -35 Daimler Trucks 126.5 57.9 -54 Daimler Buses 8.4 3.1 -63 Daimler AG Capital Market Presentation Q2 2020 / July 23, 2020
Slide 46: Mercedes-Benz Cars Unit Sales by Segments
MERCEDES-BENZ CARS UNIT SALES BY SEGMENTS in thousands of units 576 32 7 181 409 45 smart Sports Cars 18 159 SUVs 102 15 S-Class 113 73 E-Class 73 C-Class 124 81 A-/B-Class Q2 2019 Q2 2020 Daimler AG Capital Market Presentation Q2 2020 / July 23, 2020 / Page 46
Slide 47: Mercedes-Benz Cars Unit Sales by Regions
MERCEDES-BENZ CARS UNIT SALES BY REGIONS in thousands of units 576 88 409 162 57 Rest of world 74 Europe 83 (excl. Germany) 40 Germany 75 42 United States 168 196 China Q2 2019 Q2 2020 Daimler AG Capital Market Presentation Q2 2020 / July 23, 2020 / Page 47
Slide 48: Mercedes-Benz Cars Unit Sales in China
MERCEDES-BENZ CARS UNIT SALES IN CHINA in thousands of units imported locally produced 678 694 619 127 193 488 196 400 171 328 150 567 58 485 423 317 250 270 2015 2016 2017 2018 2019 2020 YTD 06 Daimler AG Capital Market Presentation Q2 2020 / July 23, 2020 / Page 48
Slide 49: Mercedes-Benz Vans Unit Sales by Segments
MERCEDES-BENZ VANS UNIT SALES BY SEGMENTS in thousands of units 111.1 59.1 71.9 35.8 Sprinter 27.0 19.9 Vito 15.4 12.1 V-Class 3.1 X-Class 6.4 1.9 2.2 Citan Q2 2019 Q2 2020 Daimler AG Capital Market Presentation Q2 2020 / July 23, 2020 / Page 49
Slide 50: Daimler Trucks Incoming Orders
DAIMLER TRUCKS INCOMING ORDERS* in thousands of units 96 7 33 57 10 5 Rest of world 19 Asia 28 6 Latin America (excl. Mexico) 17 North America 18 10 EU30** Q2 2019 Q2 2020 * Net order intake, adjusted for cancellations ** European Union, United Kingdom, Switzerland and Norway Daimler AG Capital Mark
Slide 51: Daimler Trucks Unit Sales by Regions
DAIMLER TRUCKS UNIT SALES BY REGIONS in thousands of units 126 7 34 10 58 4 Rest of world 55 18 Asia 6 Latin America (excl. Mexico) 20 North America 20 10 EU30* Q2 2019 Q2 2020 * European Union, United Kingdom, Switzerland and Norway Daimler AG Capital Market Presentation Q2 2020 / July 23, 2020 / P
Slide 52: Daimler Buses Unit Sales by Regions
DAIMLER BUSES UNIT SALES BY REGIONS in thousands of units 8.4 1.2 1.0 2.7 3.1 0.7 0.4 Rest of world 0.3 Latin America (excl. Brazil and Mexico) 0.9 Brazil 2.8 0.2 Mexico 1.2 EU30* Q2 2019 Q2 2020 * European Union, United Kingdom, Switzerland and Norway Daimler AG Capital Market Presentation Q2 2020
Slide 53: Daimler Mobility Contract Volume
DAIMLER MOBILITY CONTRACT VOLUME in billions of euros 162.8 153.7 36.0 33.8 Africa & Asia-Pacific 59.6 56.2 Americas 41.3 38.6 Europe (excl. Germany) 25.9 25.0 Germany 12/31/2019 6/30/2020 Daimler AG Capital Market Presentation Q2 2020 / July 23, 2020 / Page 53
Slide 54: Daimler 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% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 YTD * as a percentage of portfolio, subject to credit risk Daimler AG Capital
Slide 55: Daimler Mobility YOUR NOW Joint Ventures
DAIMLER MOBILITY YOUR NOW JOINT VENTURES 1. FREE NOW & REACH NOW 2. SHARE NOW 3. PARK NOW & CHARGE NOW 06/2020 YTD Interactions in millions 191 92.8 7.6 8.5 82.1 0.27 Customers* in millions 92.0 46.4 2.1 2.7 40.7 0.06 Cities* >1,000 151 5 16 >1,000 n/a GMV RR in bn € n/a** * Partially, data summatio
Slide 56: Disclaimer
DAIMLER Q2 2020 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