Mercedes-benz Group Ag · XETR:MBG
Mercedes-benz — Debt Investor Presentation (2025)
120 slides from Mercedes-benz's debt investor presentation, 2025
Slide 1: Fixed Income Presentation Q1 2025
FIXED INCOME PRESENTATION MERCEDES-BENZ GROUP AG — MERCEDES-BENZ — Q1 2025
Slide 2: Agenda
AGENDA I. Mercedes-Benz Group Review Q1 2025 — FIXED INCOME PRESENTATION Q1 2025 — II. Divisional Review Q1 2025 — MERCEDES-BENZ — III. Outlook FY 2025 IV. Funding V. Sustainability VI. Products & Brand VII. Luxury & Top-End Vehicles VIII.Technology IX. Next Level Performance 2
Slide 3: Mercedes-Benz Group: Key Figures
MERCEDES-BENZ GROUP REVIEW Q1 2025 MERCEDES-BENZ GROUP: KEY FIGURES — FIXED INCOME PRESENTATION Q1 2025 — Revenue EBIT Earnings per share Free Cash Flow (IB) Net Industrial Liquidity in billion euros in billion euros in euros in billion euros in billion euros — MERCEDES-BENZ — +6% +6% -7% -41% -39%
Slide 4: Mercedes-Benz Group: EBIT
MERCEDES-BENZ GROUP REVIEW Q1 2025 MERCEDES-BENZ GROUP: EBIT In million euros — FIXED INCOME PRESENTATION Q1 2025 — 3,863 3,598 — MERCEDES-BENZ — -265 -555 8 2,546 -325 2,289 -180 -257 • M&A transactions -245 • Legal proceedings -265 • Legal proceedings -12 EBIT EBIT EBIT Mercedes-Benz Mercedes-Benz
Slide 5: Reconciliation from CFBIT to Free Cash Flow
MERCEDES-BENZ GROUP REVIEW Q1 2025 M E R C E D E S - B ENZ G R O U P : RECONCILIATION FROM CFBIT TO FREE CASH FLOW In million euros — FIXED INCOME PRESENTATION Q1 2025 — 588 — MERCEDES-BENZ — 2,789 10 -650 2,357 48 2,405 -229 -151 • Legal proceedings +48 Other Free cash flow Free cash flow Mercedes-
Slide 6: Net Industrial Liquidity
MERCEDES-BENZ GROUP REVIEW Q1 2025 M E R C E D E S - B ENZ G R O U P : NET INDUSTRIAL LIQUIDITY In billion euros — FIXED INCOME PRESENTATION Q1 2025 — 1.8 1.3 0.0 33.3 0.7 — MERCEDES-BENZ — 31.4 -1.4 -0.5 Free cash flow industrial business Q1 2025: € 2.4 billion Additions to Net Industrial Earnings
Slide 7: Mercedes-Benz Group: Gross Liquidity
MERCEDES-BENZ GROUP REVIEW Q1 2025 MERCEDES-BENZ GROUP: GROSS LIQUIDITY MBM In billion euros Industrial Business — FIXED INCOME PRESENTATION Q1 2025 — 2.2 -2.5 2.4 -1.7 1.8 -3.3 22.8 0.0 0.0 0.7 -0.1 22.3 — MERCEDES-BENZ — 3.8 2.6 19.1 19.8 Liquidity Dividend Share IB MBM Other ABS New Bond New FX +
Slide 8: Financial Flexibility Over a 12-Month Period – Q1 2025
MERCEDES-BENZ GROUP REVIEW Q1 2025 M E R C E D E S - B ENZ G R O U P : F I N A N C I A L F L E X I B I L I T Y OVER A 12-MONTH PERIOD – Q1 2025 in billions of EUR 49 — FIXED INCOME PRESENTATION Q1 2025 — ABS potential — MERCEDES-BENZ — Daimler Truck stake Other incl. Fin. Lease Gross industrial liqu
Slide 9: Agenda
AGENDA I. Mercedes-Benz Group Review Q1 2025 — FIXED INCOME PRESENTATION Q1 2025 — II. Divisional Review Q1 2025 — MERCEDES-BENZ — III. Outlook FY 2025 IV. Funding V. Sustainability VI. Products & Brand VII. Luxury & Top-End Vehicles VIII.Technology IX. Next Level Performance 9
Slide 10: Mercedes-Benz Cars: Key Messages Q1 2025
DIVISIONAL REVIEW Q1 2025 MERCEDES-BENZ CARS: KEY MESSAGES Q1 2025 — FIXED INCOME PRESENTATION Q1 2025 — Performance: Solid financial results supported by TEV share, strict cost discipline and operational efficiencies. — MERCEDES-BENZ — Products: CLA world premiere China & RoW. Electric GLC complete
Slide 11: Mercedes-Benz Cars: Top-End and Electric Vehicle Unit Sales
DIVISIONAL REVIEW Q1 2025 MERCEDES-BENZ CARS: TOP-END AND ELECTRIC VEHICLE UNIT SALES In thousand units -4% 463 446 Top-End 67 -2% -4% 65 — MERCEDES-BENZ — 67* 65* 90 87 9 11 G 5 5 Maybach 48 41 BEV** Core 268 263 29 34 AMG 35 43 46 PHEV S, EQS, Entry ** 129 118 27 GLS, EQS SUV Q1 2024 Q1 2025 Q1 20
Slide 12: Mercedes-Benz Cars: Financials
DIVISIONAL REVIEW Q1 2025 MERCEDES-BENZ CARS: FINANCIALS Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in billion euros in billion euros — FIXED INCOME PRESENTATION Q1 2025 — +20% -4% -6% 463 25.7 2.8 — MERCEDES-BENZ — 446 24.2 -24% 2.3 2.3 1.8 74.6* -3% 72.3* Q1 2024 Q1 2025
Slide 13: Mercedes-Benz Cars: EBIT & RoS
DIVISIONAL REVIEW Q1 2025 MERCEDES-BENZ CARS: EBIT & ROS In million euros Gross Profit -434 — FIXED INCOME PRESENTATION Q1 2025 — 2,456 2,323 -133 — MERCEDES-BENZ — 732 26 41 1,768 1,758 -25 -163 -10 RoS: RoS: -1,026 9.6% 9.0% -140 RoS: RoS: 7.3% 7.3% Operational efficiencies in purchasing and man
Slide 14: Mercedes-Benz Cars: EBIT to CFBIT
DIVISIONAL REVIEW Q1 2025 MERCEDES-BENZ CARS: EBIT TO CFBIT In million euros — FIXED INCOME PRESENTATION Q1 2025 — 1,536 — MERCEDES-BENZ — 1,232 29 2,789 23 2,812 -561 1,758 -1,205 CCR: CCR: 1.6 1.6 t/o • Inventories -774 • Trade receivables +140 • Trade payables +1,866 t/o • Result at-Equity BBAC -
Slide 15: Mercedes-Benz Vans: Key Messages Q1 2025
DIVISIONAL REVIEW Q1 2025 MERCEDES-BENZ VANS: KEY MESSAGES Q1 2025 — FIXED INCOME PRESENTATION Q1 2025 — Performance: Good financial results supported by a healthy mix, strict cost discipline and operational efficiencies. — MERCEDES-BENZ — Products: World Premiere of Vision V at Auto Shanghai highli
Slide 16: Mercedes-Benz Vans: Electric Vehicle Unit Sales
DIVISIONAL REVIEW Q1 2025 MERCEDES-BENZ VANS: ELECTRIC VEHICLE UNIT SALES In thousand units -21% +59% 105 5 — MERCEDES-BENZ — 83 3 BEV thereof Q1 2024 Q1 2025 Q1 2024 Q1 2025 Total MB Vans Electric vehicles Share in % of volume 3% 6% 16
Slide 17: Mercedes-Benz Vans: Financials
DIVISIONAL REVIEW Q1 2025 MERCEDES-BENZ VANS: FINANCIALS Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in billion euros in billion euros — FIXED INCOME PRESENTATION Q1 2025 — -21% -17% -41% -11% 105 4.9 0.8 0.7 — MERCEDES-BENZ — 0.6 4.1 83 0.5 Q1 2024 Q1 2025 Q1 2024 Q1 2025
Slide 18: Mercedes-Benz Vans: EBIT & RoS
DIVISIONAL REVIEW Q1 2025 MERCEDES-BENZ VANS: EBIT & ROS In In million million euros euros Gross Profit -305 — FIXED INCOME PRESENTATION Q1 2025 — 933 — MERCEDES-BENZ — 800 -133 95 0 4 9 RoS: 475 19.1% RoS: 7 -33 16.3% -407 Healthy mix supported by improved product substance RoS: 229 Positive ma
Slide 19: Mercedes-Benz Vans: EBIT to CFBIT
DIVISIONAL REVIEW Q1 2025 MERCEDES-BENZ VANS: EBIT TO CFBIT In million euros — FIXED INCOME PRESENTATION Q1 2025 — 24 612 190 588 — MERCEDES-BENZ — 289 26 79 CCR: CCR: 2.6 1.3 229 t/o • Inventories -200 • Trade receivables +179 • Trade payables +100 -225 • Legal proceedings +24 Net investments Depre
Slide 20: Mercedes-Benz Mobility: Key Messages Q1 2025
DIVISIONAL REVIEW Q1 2025 MERCEDES-BENZ MOBILITY: KEY MESSAGES Q1 2025 — FIXED INCOME PRESENTATION Q1 2025 — New business volumes impacted by competitive situation in — MERCEDES-BENZ — China. Acquisition margin continues to be in line with target return. Portfolio margin on a positive trend since mi
Slide 21: Mercedes-Benz Mobility: Financials
DIVISIONAL REVIEW Q1 2025 MERCEDES-BENZ MOBILITY: FINANCIALS New Business Contract Volume EBIT adj. in billion euros in billion euros in billion euros — FIXED INCOME PRESENTATION Q1 2025 — +3% -8% -3% 14.8 138.1 0.3 — MERCEDES-BENZ — 133.7 0.3 13.6 Q1 2024 Q1 2025 12/31/2024 3/31/2025 Q1 2024 Q1 202
Slide 22: Mercedes-Benz Mobility: EBIT & RoE
DIVISIONAL REVIEW Q1 2025 MERCEDES-BENZ MOBILITY: EBIT & ROE In million euros 71 — FIXED INCOME PRESENTATION Q1 2025 — 28 3 287 0 287 279 0 279 31 -16 — MERCEDES-BENZ — -109 RoE: RoE: RoE: RoE: 8.5% 8.5% 8.6% 8.6% Cost of credit risk improved Efficiency measures leading to cost improvements – Ne
Slide 23: Mercedes-Benz Mobility: Net Credit Losses
DIVISIONAL REVIEW Q1 2025 M E R C E D E S - B ENZ M O B I L I T Y : NET CREDIT LOSSES* — FIXED INCOME PRESENTATION Q1 2025 — 0.89% 0.83% — MERCEDES-BENZ — 0.43% 0.34% 0.37% 0.43% 0.31% 0.33% 0.31% 0.40% 0.24% 0.26% 0.26% 0.21% 0.21% 0.29% 0.20% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Slide 24: Agenda
AGENDA I. Mercedes-Benz Group Review Q1 2025 — FIXED INCOME PRESENTATION Q1 2025 — II. Divisional Review Q1 2025 — MERCEDES-BENZ — III. Outlook FY 2025 IV. Funding V. Sustainability VI. Products & Brand VII. Luxury & Top-End Vehicles VIII.Technology IX. Next Level Performance 24
Slide 25: Mercedes-Benz Divisional Guidance 2025
OUTLOOK FY 2025 MERCEDES-BENZ DIVISIONAL GUIDANCE 2025 ASSUMPTION The assumptions regarding the overall economic conditions and the development of the automotive markets continue to be characterized by exceptionally high levels of uncertainty. In addition to unexpected macroeconomic and geopolitical
Slide 26: Mercedes-Benz Divisional Guidance 2025
OUTLOOK FY 2025 MERCEDES-BENZ DIVISIONAL GUIDANCE 2025 ASSUMPTION The assumptions regarding the overall economic conditions and the development of the automotive markets continue to be characterized by exceptionally high levels of uncertainty. In addition to unexpected macroeconomic and geopolitical
Slide 27: Mercedes-Benz Group Guidance 2025
OUTLOOK FY 2025 MERCEDES-BENZ GROUP GUIDANCE 2025 ASSUMPTION The assumptions regarding the overall economic conditions and the development of the automotive markets continue to be characterized by exceptionally high levels of uncertainty. In addition to unexpected — FIXED INCOME PRESENTATION Q1 2025
Slide 28: Mastering a Dynamic Environment
OUTLOOK FY 2025 M E R C E D E S - B ENZ G R O U P : MASTERING A DYNAMIC ENVIRONMENT — FIXED INCOME PRESENTATION Q1 2025 — Tariffs: Stay vigilant on tariff dynamics. — MERCEDES-BENZ — Localization strategy: Further leverage localization potential in China and US. Product & technology: Continue to del
Slide 29: Agenda
AGENDA I. Mercedes-Benz Group Review Q1 2025 — FIXED INCOME PRESENTATION Q1 2025 — II. Divisional Review Q1 2025 — MERCEDES-BENZ — III. Outlook FY 2025 IV. Funding V. Sustainability VI. Products & Brand VII. Luxury & Top-End Vehicles VIII.Technology IX. Next Level Performance 29
Slide 30: Our Funding Strategy Is Built on Strict Principles
FUNDING OUR FUNDING STRATEGY IS BUILT ON STRICT PRINCIPLES Targeting Financial Maximizing Financial Stringent Global — FIXED INCOME PRESENTATION Q1 2025 — Independence Flexibility Funding Policy — MERCEDES-BENZ — No dependence from single Keeping prudent amount of Liquidity matched funding markets,
Slide 31: Portfolio at Mercedes-Benz Mobility Decreased Slightly
FUNDING P O R T F O L I O A T M E R C E D ES - B E NZ M O B I L I T Y D E C R E A S E D S L I G H T L Y C O M P A R E D T O 2024 M A I N L Y D U E T O F X E F F E C T S Wholesale — FIXED INCOME PRESENTATION Q1 2025 — 163 154 151 Loan — MERCEDES-BENZ — 140 138 133 134 132 135 134 117 Lease Portfolio
Slide 32: Mobility Business with Stringent Credit Management and Solid Refinancing
FUNDING M E R C E D E S - B EN Z M O B I L I T Y B U S I N E S S W I T H S T R I N G E N T C R E D I T MANAGEMENT AND SOLID REFINANCING — FIXED INCOME PRESENTATION Q1 2025 — Net credit losses as a percentage of portfolio, subject to credit risk Net credit losses remain on an elevated level. 0.41 0.4
Slide 33: Well Balanced Bond Maturity Profile
FUNDING WELL BALANCED BOND MATURITY PROFILE in billions of EUR as of March 31st,2025 — FIXED INCOME PRESENTATION Q1 2025 — Issued in 2025 14.6 Maturities 12.8 — MERCEDES-BENZ — 11.7 0.1 11.6 4.9 4.6 0.0 4.6 4.3 0.6 4.9 1.7 1.6 4.0 1.3 0.9 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2037 33
Slide 34: Financing Liabilities Show a Diversified Funding Mix
FUNDING FINANCING LIABILITIES SHOW A DIVERSIFIED FUNDING MIX in billions of EUR Lease Liabilities Acc. Deposits — FIXED INCOME PRESENTATION Q1 2025 — Other (ex Lease Liab.) Bank Loans Com. Paper Bonds 126 ABS 2% 112 113 2% — MERCEDES-BENZ — 1% 2% 15% 109 2% 1% 106 2% 0% 1% 1% 1% 1% 2% 15% 3% 16% 0%
Slide 35: Balanced Mix of Funding Instruments
FUNDING TO ENSURE SUSTAINABLE PORTFOLIO GROWTH WE MITIGATE RISK AND VOLATILITY THROUGH A BALANCED MIX OF FUNDING INSTRUMENTS — FIXED INCOME PRESENTATION Q1 2025 — Other Lease Liabilities — MERCEDES-BENZ — 1% 2% Bank loans Strengthen our global footprint and use 21% 22% 22% Bonds & CPs market opportu
Slide 36: Diversified Global Funding Base
FUNDING DIVERSIFIED GLOBAL FUNDING BASE: CONTINUOUSLY MATCHED WITH MBM REQUIREMENTS Canada EMTN Domestic Bonds — FIXED INCOME PRESENTATION Q1 2025 — CP Prog. Europe ABS EMTN Program Japan Domestic CP Prog. EUR CP Program USA Italy & Hungary: China EMTN ABS 144a / RegS PP - Domestic Bonds Turkey Dome
Slide 37: Financial KPIs Set to Support a Strong Rating
FUNDING M E R C E D E S - B EN Z G R O U P ’ S F I N A N C I A L K P I S S E T T O S U P P O R T A STRONG RATING — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — Agency Long-term Outlook Short-term S&P: A stable A-1 Current Moody's: A2 stable P-1 Credit Ratings DBRS: A stable R-1 (low) 37
Slide 38: Funded Ratio of Pension Obligations at Approx. 107%
FUNDING FUNDED RATIO OF PENSION OBLIGATIONS AT APPROX. 107% Daimler Group Mercedes-Benz Group (excl. Truck) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Q1-2025 — FIXED INCOME PRESENTATION Q1 2025 — 3.7 1.9 2.4 0.5 0.5 0.6 0.5 1.5 0.9 1.4 Solid capital 0.1 0.1 0.1 0.1 0.0 structure: on a net —
Slide 39: Agenda
AGENDA I. Mercedes-Benz Group Review Q1 2025 — FIXED INCOME PRESENTATION Q1 2025 — II. Divisional Review Q1 2025 — MERCEDES-BENZ — III. Outlook FY 2025 IV. Funding V. Sustainability VI. Products & Brand VII. Luxury & Top-End Vehicles VIII.Technology IX. Next Level Performance 39
Slide 40: Our Sustainable Business Strategy
SUSTAINABILITY OUR SUSTAINABLE BUSINESS STRATEGY — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — Mercedes-Benz Sustainable Business Strategy 40
Slide 41: We Are Committed to Our Ambition 2039
SUSTAINABILITY WE ARE COMMITTED TO OUR AMBITION 2039 — FIXED INCOME PRESENTATION Q1 2025 — Reducing CO2 emissions Aiming for a net-carbon neutral* MB new vehicle — MERCEDES-BENZ — fleet along entire value chain & over entire life cycle by 2039 Accelerating the energy transition Aiming to further inc
Slide 42: We Aim to Comply with European Union CO2 Regulations
SUSTAINABILITY WE AIM TO COMPLY WITH EUROPEAN UNION CO 2 REGULATIONS — FIXED INCOME PRESENTATION Q1 2025 — 2024 EU CO2 compliance achieved, — MERCEDES-BENZ — significantly below target 2025 Next stage of regulation coming into force, aiming to meet EU CO2 targets with favorable pooling agreements ma
Slide 43: Electrification Has Four Dimensions
SUSTAINABILITY ELECTRIFICATION HAS FOUR DIMENSIONS — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — EV EFFICIENCY EV OFF-ROAD EV PERFORMANCE EV NEXT LEVEL 43
Slide 44: Debuting the One-Litre Car for the Electric Age
SUSTAINABILITY ENGINEERING EXCELLENCE: WE ARE DEBUTING THE “ONE-LITRE CAR” FOR THE ELECTRIC AGE — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — 44
Slide 45: As a Tech Frontrunner, the CLA Will Elevate the Game
SUSTAINABILITY AS A TE CH FRO NTRUNNE R, THE CLA W I LL E LE VATE THE GAM E — FIXED INCOME PRESENTATION Q1 2025 — 792 km electric range (WLTP), 866 km electric range (CLTC) — MERCEDES-BENZ — Energy consumption of 14.1-12.2 kWh/100 kilometres (WLTP) 150 kW to >400 kW output Up to 325 km charge within
Slide 46: Next Milestone in Solid-State Technology
SUSTAINABILITY NEXT MILESTONE IN SOLID -STATE TECHNOLOGY: EQS DEMONSTRATOR WITH FACTORIAL CELLS — FIXED INCOME PRESENTATION Q1 2025 — Increase cell energy density — MERCEDES-BENZ — up to 450 Wh/kg Enables up to 25% more range at same weight and size Improved cell safety Further weight and energy eff
Slide 47: Fast, Convenient, Reliable Charging Solutions
SUSTAINABILITY WE WANT TO EASE THE LIFE OF OUR CUSTOMERS WITH FAST, CONVENIENT, AND RELIABLE CHARGING SOLUTIONS — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — Global Joint Ventures MB branded HPC network Adding more options EU: >3,300 HPC plugs built >10,000* HPC plugs across Access to supe
Slide 48: On the Road to Zero Carbon Emissions
SUSTAINABILITY ON THE ROAD TO ZERO CARBON EMISSIONS — FIXED INCOME PRESENTATION Q1 2025 — CO 2 EMISSIONS Merced es - B en z Cars O peration s — MERCEDES-BENZ — scope 1 an d scope 2 compar e d to 2018 DECARBONISATION OF HEAT PUMPS ELECTRIFICATION DISTRICT HEATING OF PAINT SHOPS 48
Slide 49: Renewable Energy Expansion
SUSTAINABILITY RENEWABLE ENERGY EXPANSION — FIXED INCOME PRESENTATION Q1 2025 — MERCEDES-BENZ CARS O peration s — MERCEDES-BENZ — SOLAR WINDPARK ENERGY PAPENBURG IN APPROVAL PROCESS WINDPARK WINDANKER INSTALLATIONS IN PROGRESS APPROVAL RECEIVED 49
Slide 50: Energy Efficiency
SUSTAINABILITY ENERGY EFFICIENCY REDUCTION UNTIL 2030 CONSUMPTION 2030 — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — compared to 2024 HEAT RECOVERY DIGITALISATION TECHNOLOGY 50
Slide 51: Decarbonisation in Logistics
SUSTAINABILITY DECARBONISATION IN LOGISTICS TARGET | CO2 EMISSION REDUCTIONS — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — compared to 2021 AVOIDANCE REDUCTION BY LOCALISATION, OPTIMISATION & EFFICIENCY BY TECHNOLOGY = E-TRUCKS, BIO-FUEL, SAF 51
Slide 52: Batteries in a Closed Loop
SUSTAINABILITY BATTERIES IN A CLOSED LOOP BATTERY PRODUCTION — FIXED INCOME PRESENTATION Q1 2025 — CELL PRODUCTION EV PRODUCTION — MERCEDES-BENZ — CATHODE PRODUCTION LIFESPAN OF EV SECONDARY MATERIALS REUSE IN THE VEHICLE PRIMARY MATERIALS RECYCLING + REUSE IN SECOND LIFE 52
Slide 53: Closing the Loop with Our Net Carbon-Neutral Battery
SUSTAINABILITY CLOSING THE LOOP WITH OUR NET CARBON -NEUTRAL* BATTERY R E C Y C L I N G F A C T O R Y I N K U P P E N H EI M Goal: More than — FIXED INCOME PRESENTATION Q1 2025 — 96% recovery rate — MERCEDES-BENZ — Integrated mechanical- hydrometallurgical process Annual Recycling Recovered material
Slide 54: Water Management
SUSTAINABILITY WATER MANAGEMENT TARGET 2030 | AMBITION 2039 MULTI-REUSE WATER — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — Water reduction Drinking water in in production production processes processes compared to 2023 54
Slide 55: Cost Efficiency
SUSTAINABILITY COST EFFICIENCY CUTTING — FIXED INCOME PRESENTATION Q1 2025 — ENERGY, WATER, WASTE — MERCEDES-BENZ — IN PRO DUCTION CO S TS 55
Slide 56: We Finance Our Transformation in a Sustainable Manner
SUSTAINABILITY WE FINANCE OUR TRANSFORMATION IN A SUSTAINABLE MANNER GREEN FINANCE FRAMEWORK GREEN PANDA BOND — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — In line with Ambition 2039 First automaker to issue a Green Panda Bond “DARK GREEN” by CICERO Green Finance regional footprint expande
Slide 57: Mercedes-Benz Group ESG Ratings Performance
SUSTAINABILITY MERCEDES-BENZ GROUP ESG RATINGS PERFORMANCE — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — Improvements at MSCI and MSCI Sustainalytics since 2019 SUSTAINALYTICS Medium risk rating at Sustainalytics ISS ESG Maintained high level at CDP ISS ESG and CDP Climate Change Climate C
Slide 58: Agenda
AGENDA I. Mercedes-Benz Group Review Q1 2025 — FIXED INCOME PRESENTATION Q1 2025 — II. Divisional Review Q1 2025 — MERCEDES-BENZ — III. Outlook FY 2025 IV. Funding V. Sustainability VI. Products & Brand VII. Luxury & Top-End Vehicles VIII.Technology IX. Next Level Performance 58
Slide 59: Because it's a Mercedes-Benz
— FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — “Because it’s a Mercedes-Benz.” We leverage the most valuable luxury car brand. 59
Slide 60: The Original and Most Valuable Luxury Car Brand
PRODUCTS & BRAND M E R C E D E S - B EN Z – T H E O R I G I N A L A N D M O S T V A L U A B L E L U X U R Y CAR BRAND Heritage: Formula 1: — FIXED INCOME PRESENTATION Q1 2025 — Mercedes-Benz is built on constant reinvention The power of F1 for our brand 97 mn — MERCEDES-BENZ — 1.6 bn cumulative TV v
Slide 61: Our New Design Language
PRODUCTS & BRAND OUR NEW DESIGN LANGUAGE WILL GIVE OUR BRAND EVEN MORE ICONIC STATUS. ICE & BEV DESIGN WILL CONVERGE — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — 61
Slide 62: The New CLA Kicks Off the Biggest Product Launch Program
PRODUCTS & BRAND THE NEW CLA WILL KICK OFF THE BIGGEST PRODUCT LAUNCH PROGRAM IN THE HISTORY OF MERCEDES -BENZ 2025 2026 2027 — FIXED INCOME PRESENTATION Q1 2025 — ICE Top-End BEV — MERCEDES-BENZ — ICE Core BEV ICE Entry BEV 62
Slide 63: What Makes a Car a Mercedes-Benz?
PRODUCTS & BRAND WHAT MAKES A CAR A MERCEDES-BENZ? THE PERFECT COMBINATION OF EXTRAORDINARY DETAILS — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — Safety Quality Comfort Intelligence Design Trustworthy Engineering Effortless Hyper-personalized Sensual responsibility excellence comfort user
Slide 64: Exclusivity: Even More Individualization
PRODUCTS & BRAND EXCLUSIVITY: WE OFFER EVEN MORE INDIVIDUALIZATION F O R O U R M O S T D E M A N DI N G C U S T O M E R S — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — 64
Slide 65: We Put Our Customer at the Center of Our Business
PRODUCTS & BRAND WE PUT OUR CUSTOMER AT THE CENTER OF OUR BUSINESS — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — Physical brand experience Seamless digital customer journey Exclusive customer care Retail locations with new look & feel True Mercedes experience Launch of SILVER ARROWS progra
Slide 66: Agenda
AGENDA I. Mercedes-Benz Group Review Q1 2025 — FIXED INCOME PRESENTATION Q1 2025 — II. Divisional Review Q1 2025 — MERCEDES-BENZ — III. Outlook FY 2025 IV. Funding V. Sustainability VI. Products & Brand VII. Luxury & Top-End Vehicles VIII.Technology IX. Next Level Performance 66
Slide 67: New Opportunities for Profitable Growth at the Top-End
LUXURY & TOP-END VEHICLES WE ARE CREATING NEW OPPORTUNITIES FOR PROFITABLE GROWTH AT THE TOP-END OF OUR PRODUCT AND BRAND PORTFOLIO — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — S-Class: strengthening G-Class: evolving the Maybach: redefining AMG: pushing forward position as undisputed adv
Slide 68: Three Strong Brands Under the Three-Pointed Star
LUXURY & TOP-END VEHICLES THREE STRONG BRANDS UNDER THE THREE -POINTED STAR — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — PERFORMANCE LUXURY S O P H I S T I C AT E D L U X U R Y ADVENTUROUS LUXURY 68
Slide 69: Benefiting from One Strong Foundation
LUXURY & TOP-END VEHICLES BENEFITING FROM ONE STRONG FOUNDATION Elevating the brand experience: Customer-centric approach: Market expertise: Distinctive positioning: Refining the customer experience even Focused on exceeding customer Deep understanding of customer needs Elevating brand attributes to
Slide 70: Performance Luxury: AMG
— FIXED INCOME PRESENTATION Q1 2025 — PERFORMANCE LUXURY AMG 70 — MERCEDES-BENZ —
Slide 71: Mercedes-AMG: Born on the Race Track
AMG M E R C E D E S - A MG . B O R N O N T H E R A C E T R A C K . — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — FROM THE KING OF SPA… … TO THE KING OF THE NORDSCHLEIFE Breakthrough victory: Class win at the 1971 24-hour race at Spa Record-breaking performance: Nürburgring Nordschleife lap
Slide 72: Unique Brand Experience at Every Touchpoint
AMG OFFERING A UNIQUE BRAND EXPERIENCE AT EVERY TOUCHPOINT — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — ~600 Performance Centers globally account for just over 50% of AMG sales. +25% AMG sales push from Performance Center effect. 72
Slide 73: AMG Sales: Strong Growth Driven by Desirable Portfolio
AMG AMG SALES: STRONG GROWTH DRIVEN BY A HIGHLY DESIRABLE PORTFOLIO CAGR 2014-2024: 11.3% — FIXED INCOME PRESENTATION Q1 2025 — Unit sales 150,000 Strategically optimized portfolio: — MERCEDES-BENZ — 100,000 Capitalised on untapped market potential by closing key gaps in the lineup with targeted new
Slide 74: Our Ambition: Most Successful Performance Brand
AMG OUR AMBITION : MAKING AMG THE MOST SUCCESSFUL PERFORMANCE BRAND — FIXED INCOME PRESENTATION Q — MERCEDES-BENZ — F Y1 2 0 2 45 — 74
Slide 75: Maybach: Sophisticated Luxury
MAYBACH — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — S O P H I S T I C AT E D L U X U R Y 75
Slide 76: Maybach Brand DNA
MAYBACH BRAND DNA — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — HERITAGE REINVENTION EXCELLENCE “Create the very best from the very best". For decades, Maybach has been regarded as a Maybach represents the pinnacle of perfection excellence pioneer in defining luxury, style and status in th
Slide 77: Maybach Product Lineup
MAYBACH PRODUCT LINEUP VIVID LUXURY BRAND ▪ — FIXED INCOME PRESENTATION Q1 2025 — Since 2014, the product portfolio has been extended from sedans into a full luxury ▪ portfolio. Alongside this growth, a series of — MERCEDES-BENZ — exclusive variants and special editions have further elevated the lin
Slide 78: Craftmanship & Individualisation
MAYBACH CRAFTMANSHIP & INDIVIDUALISATION — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — Mercedes-Maybach customers are driven achievers who seek something beyond the ordinary. Their vehicles reflect their lifestyle and personality, with a growing number of customers choosing MANUFAKTUR indi
Slide 79: Growing the Brand
MAYBACH GROWING THE BRAND SALES 2015 – 2024 FAST GROWTH TO STRONG POSITION — FIXED INCOME PRESENTATION Q1 2025 — MAYBACH & LUXURY COMPETITORS Maybach has experienced strong growth (Source: company resources) in recent years, outpacing its competitors. Even in a recently more challenging business env
Slide 80: Adventurous Luxury
— FIXED INCOME PRESENTATION Q1 2025 — ADVENTUROUS LUXURY 80 — MERCEDES-BENZ —
Slide 81: G-Class DNA: Stronger Than Time
THE CREATION OF A TRUE ICON – G-CLASS DNA: STRONGER THAN TIME — FIXED INCOME PRESENTATION Q1 2025 — ADVENTUROUS LUXURY — MERCEDES-BENZ — MADE TO LAST– FOR UNLIMITED FREEDOM SCARCITY MODERATE LOW TO NO VOLUME GROWTH DISCOUNTS HIGH AND STABLE RESIDUAL VALUES OFFROAD UNLIMITED HERITAGE Extreme offroad
Slide 82: Product Lineup: The Icon in All Its Variety
PRODUCT LINEUP: THE ICON IN ALL ITS VARIETY — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — Editions 82 82
Slide 83: A Unique Success Story Driven by Special Models
A UNIQUE SUCCESS STORY DRIVEN BY SPECIAL MODELS AND EDITIONS — FIXED INCOME PRESENTATION Q1 2025 — 42.3k CAGR 2014–2024: +11.2% — MERCEDES-BENZ — Growth fueled by strong, sustained demand and the success of special models and limited editions, while 14.7k carefully managed to preserve the exceptiona
Slide 84: Agenda
AGENDA I. Mercedes-Benz Group Review Q1 2025 — FIXED INCOME PRESENTATION Q1 2025 — II. Divisional Review Q1 2025 — MERCEDES-BENZ — III. Outlook FY 2025 IV. Funding V. Sustainability VI. Products & Brand VII. Luxury & Top-End Vehicles VIII.Technology IX. Next Level Performance 84
Slide 85: Catering to Different Customer Needs Into the 2030s
TECHNOLOGY WE WILL BE ABLE TO CATER TO DIFFERENT CUSTOMER NEEDS UNTIL WELL INTO THE 2030 s — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — ICE: High-tech electrified combustion engines are BEV: Visionary EQXX technology setting new performance & efficiency standards in series production 85
Slide 86: Coherent Model Portfolio and Zero-Compromise Cars
TECHNOLOGY WE ARE STRIVING FOR A COHERENT MODEL PORTFOLIO AND ZERO -COMPROMISE CARS — FIXED INCOME PRESENTATION Q1 2025 — Next up Entry: Drivetrain flexibility — MERCEDES-BENZ — on one modular architecture Followed by Core: Tailor-made BEV/ICE concepts, smart engineering with intelligent modularizat
Slide 87: Desirable HEV and BEV in an Uncompromising Line-Up
TECHNOLOGY WE OFFER BOTH DESIRABLE HEV AND BEV IN AN UNCOMPROMISING LINE-UP FROM ENTRY TO TOP -END — FIXED INCOME PRESENTATION Q1 2025 — BATTERY ELECTRIC … ELECTRIFIED DRIVETRAIN & … COMBUSTION ENGINE — MERCEDES-BENZ — TOP-END TOP-END & CORE Uncompromising through dedication to battery- & hybrid-ele
Slide 88: MMA – Drivetrain Flexibility in the Entry Segment
TECHNOLOGY MMA – UNCOMPROMISING DRIVETRAIN FLEXIBILITY IN THE ENTRY SEGMENT — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — Drivetrain-flexible with no compromise High-tech electrified M252 Interior space matches four-cylinder petrol engine with Electric Drive Unit 2.0 with all-electric comp
Slide 89: CLA's Flexible Architecture Sets Benchmark
TECHNOLOGY CLA’ S FLE XI BLE ARCHI TE CTURE S E TS BE NCHMARK I N I TS CLASS RANGE RECHARGED RANGE — FIXED INCOME PRESENTATION Q1 2025 — km WLTP km in 10 min WLTP — MERCEDES-BENZ — 792 best 325 best CONSUMPTION CHARGING POWER kWh/100 km WLTP peak power in kW best ~12 320 best 89
Slide 90: The Perfect Combination of Intelligence and Emotion
TECHNOLOGY THE P E RF E CT COMBI NATI ON O F I NTE LLI GE NCE AND E M O TI O N — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — INTELLIGENCE 90
Slide 91: Transformation Through AI
TECHNOLOGY TRANSFORMATION THROUGH AI. INTELLIGENT MB PRODUCTS AND COST -EFFICIENT BUSINESS — FIXED INCOME PRESENTATION Q1 2025 — CONVERSATIONAL AI BEHAVIOURAL AI AGENTIC AI INTELLIGENCE — MERCEDES-BENZ — New natural conversations Proactive UI experience Hyper-personalised user experience Faster busi
Slide 92: Software-Defined Vehicles and MB.OS
TECHNOLOGY OUR SOFTWARE -DEFINED VEHICLES WILL OFFER AN EXCEPTIONAL DIGITAL EXPERIENCE — FIXED INCOME PRESENTATION Q1 2025 — Architects of MB.OS Scalable to fit every segment Combining in-house expertise with a selection — MERCEDES-BENZ — of world-class technology partners Full control over all data
Slide 93: Advancing Automated Driving Technology
TECHNOLOGY WE ADVANCE AUTOMATED DRIVING TECHNOLOGY TO EXPAND OUR LEADING ROLE LEVEL 2+ UP TO LEVEL 2++ LEVEL 3 LEVEL 4 — FIXED INCOME PRESENTATION Q1 2025 — PARTIAL AUTOMATION PARTIAL AUTOMATION CONDITIONAL AUTOMATION HIGH-LEVEL AUTOMATION INTELLIGENT POINT-TO-POINT DRIVE PILOT ON TEST IN BEIJING —
Slide 94: AI-Powered Intelligent Cabin with Stunning Displays
TECHNOLOGY AI -POWE RE D I NTE LLI GE NT CABI N WI TH STUNNI NG DI SPLAYS RE ADY FO R SAE LE VE L 3 AUTO M ATE D DRI VI NG AND BE YO ND — FIXED INCOME PRESENTATION Q1 2025 — MBUX Superscreen Unique user experience with — MERCEDES-BENZ — real-time 3D graphics Immersive & hyper-personalised experience
Slide 95: Tailormade and Locally Developed for China
TECHNOLOGY TAILORMADE AND LOCALLY DEVELOPED FOR CUSTOMERS IN CHINA — FIXED — PRODUCT & CONTENT INCO Specific apps & software — MERCEDES-BENZ — A PMIET APLR EMSAERNKTEATT D in infotainment & automated driving Dedication to the rear I OANY Q—1 2 0 2 5 — unique rear cabin Long-wheelbase versions for Ch
Slide 96: Agenda
AGENDA I. Mercedes-Benz Group Review Q1 2025 — FIXED INCOME PRESENTATION Q1 2025 — II. Divisional Review Q1 2025 — MERCEDES-BENZ — III. Outlook FY 2025 IV. Funding V. Sustainability VI. Products & Brand VII. Luxury & Top-End Vehicles VIII.Technology IX. Next Level Performance 96
Slide 97: Macro and Market Environment Challenging in Medium-Term
NEXT LEVEL PERFORMANCE MACRO AND MARKET ENVIRONMENT TO REMAIN CHALLENGING IN THE MEDIUM -TERM* PREMIUM AND MB SALES — FIXED INCOME PRESENTATION Q1 2025 — MACRO* LUXURY AUTO INFLATION* TARIFFS* EXPECTATIONS MARKET* — MERCEDES-BENZ — EUROPE Stable development USA Solid momentum CHINA Cautious view *Me
Slide 98: Sustainably Improve Our Revenue Quality
NEXT LEVEL PERFORMANCE WE AIM TO SUSTAINABLY IMPROVE OUR REVENUE QUALITY — FIXED INCOME PRESENTATION Q1 2025 — Direct sales Leveraging data insights from sales and customers to use as a strategic asset for even more sales control — MERCEDES-BENZ — Optimized contribution margin Utilizing micro-segmen
Slide 99: Mastering Transition Years and Product Launches
NEXT LEVEL PERFORMANCE MASTERING TRANSITION YEARS AND PREPARING FOR UNPRECEDENTED PRODUCT LAUNCHES GLOBAL SALES* — FIXED INCOME PRESENTATION Q1 2025 — 1,983 1,299 — MERCEDES-BENZ — Volume 684 China Cautious outlook on China. 2024 2025 2026 2027 Preparing product offensive to gain momentum in 2027. T
Slide 100: Solid Revenue Momentum 2024–2027
NEXT LEVEL PERFORMANCE SOLID REVENUE MOMENTUM 2024 – 2027 REVENUE* — FIXED INCOME PRESENTATION Q1 2025 — 108 — MERCEDES-BENZ — ASP/Pricing Staying disciplined while staying competitive. Revenue Delivered CAGR of more than 2.5% between 2019 and 2024. 2024 2025 2026 2027 Gaining traction in 2027 drive
Slide 101: Iconic Brands and Products as Resilient Backbone
NEXT LEVEL PERFORMANCE ICONIC BRANDS AND PRODUCTS AS OUR RESILIENT BACKBONE TO MASTER THE TRANSFORMATION — FIXED INCOME PRESENTATION Q1 2025 — STRONG PRODUCT PORTFOLIO* Top-End Segment Iconic products delivering outstanding margins. — MERCEDES-BENZ — Core Segment Healthy contribution in competitive
Slide 102: Industrial Base Tailored to Market Demand
NEXT LEVEL PERFORMANCE INDUSTRIAL BASE TAILORED TO MARKET DEMAND GLOBAL PRODUCTION CAPACITY 2024* RIGHTSIZING PRODUCTION FOOTPRINT* — FIXED INCOME PRESENTATION Q1 2025 — EUROPE/ AMERICA ASIA Sale of Hambach Rightsizing Germany REST OF WORLD and small volume plants in Optionality at partner plants &
Slide 103: Substantially Optimizing Production Costs
NEXT LEVEL PERFORMANCE SUBSTANTIALLY OPTIMIZING PRODUCTION COSTS — FIXED INCOME PRESENTATION Q1 2025 — DOUBLING THE LOW-COST PRODUCTION COSTS COUNTRY SHARE IN EU 15% to 30% -10% > -10% — MERCEDES-BENZ — from Act 2024 vs. 2027 Act 2024 vs. Act 2022 2027 vs. Act 2024 Factor costs EUR/vehicle* Labor co
Slide 104: Geopolitical Hedge: Local-for-Local Production
NEXT LEVEL PERFORMANCE GEOPOLITICAL HEDGE: INCREASING SHARE OF LOCAL - FOR-LOCAL PRODUCTION FROM 60% (TODAY) TO 70% BY 2027 — FIXED INCOME PRESENTATION Q1 2025 — USA our “Home of SUVs” GLOBAL PRODUCTION NETWORK 2027** Localization of GLC production in Tuscaloosa. Imported and exported vehicles in ba
Slide 105: We Tackle Our Material Costs
NEXT LEVEL PERFORMANCE WE TACKLE OUR MATERIAL COSTS — FIXED INCOME PRESENTATION Q1 2025 — Beat 2026: design-to-cost, strict standardization of MATERIAL COST REDUCTION — MERCEDES-BENZ — components and modules, low-cost country sourcing. > -8% Battery costs: -30% €/kWh reduced for MMA vs. predecessor
Slide 106: Allocating Capital to the Most Promising Segments
NEXT LEVEL PERFORMANCE WE CONTINUE TO ALLOCATE OUR CAPITAL TO THE MOST PROMISING SEGMENTS — FIXED INCOME PRESENTATION Q1 2025 — 2019 – 2024 CAPEX AND R&D INVESTMENTS* Capex share of investments significantly down. Investment peak in 2025 > -10% — MERCEDES-BENZ — driven by unprecedented product offen
Slide 107: Continued Fundamental Fixed Cost Savings
NEXT LEVEL PERFORMANCE CONTINUED FUNDAMENTAL FIXED COST SAVINGS ADDITIONAL >10% UNTIL 2027 FIXED COST REDUCTION — FIXED INCOME PRESENTATION Q1 2025 — (NET OF INFLATION)* — MERCEDES-BENZ — Headcount reduction using all levers -19% such as attrition, no replacements, voluntary redundancy programs, out
Slide 108: China – Dominating the TEV Market in the Future
NEXT LEVEL PERFORMANCE CHINA – OUR HOME AWAY FROM HOME: DOMINATING THE TEV MARKET IN THE FUTURE — FIXED INCOME PRESENTATION Q1 2025 — Dominate Top-End MB No. 1 AMG No. 1 Highest average MSRP & TAP MB No. 1 Market Share >50% (>1.5mn RMB) in TOP25 Market in Performance Market among Premium OEMs in CAA
Slide 109: China – Securing Profitability of Our China Business
NEXT LEVEL PERFORMANCE CHINA – OUR HOME AWAY FROM HOME: SECURING PROFITABILITY OF OUR CHINA BUSINESS — FIXED INCOME PRESENTATION Q1 2025 — BBAC (PbP*) Leveraging open sourcing opportunities — MERCEDES-BENZ — from Chinese supply chain. RoS 2024: ~ 15% Further localization of products. Scaling the Joi
Slide 110: Margins Back to Double-Digit
NEXT LEVEL PERFORMANCE M ARGI NS BACK TO DOUBLE -DI GI T BE CAUSE I T‘S M E RCE DE S -BE NZ — FIXED INCOME PRESENTATION Q1 2025 — RoS in % MB CARS MARGIN CORRIDOR** Pre-Tariff ≥ 10% — MERCEDES-BENZ — 10 MASTERING TRANSFORMATION Prudent macro and market perspective. 6-8% Product momentum materializin
Slide 111: Generated >100% Total Shareholder Return 2019–2024
NEXT LEVEL PERFORMANCE MB GROUP GE NE RATE D >100% TOTAL SHARE HOLDE R RE TURN BE TW E E N 2019 AND 2024 — FIXED INCOME PRESENTATION Q1 2025 — CASH GENERATED CASH RETURN TO NET SINCE 2019* SHAREHOLDERS* LIQUIDITY3 TOTAL SHAREHOLDER RETURN — MERCEDES-BENZ — >€45 bn 2019 – 2024 >30% Share price2 2024
Slide 112: Benchmark Capital Allocation Framework in Place
NEXT LEVEL PERFORMANCE BE NCHMARK CAP I TAL ALLO CATI ON FRAME WORK I N PLACE — FIXED INCOME PRESENTATION Q1 2025 — CAPITAL ALLOCATION* Capital allocation framework in place. — MERCEDES-BENZ — €5 bn SHARE BUYBACK Dividend of €4.30 + equivalent to 41% payout ratio. €4.30 New share buyback of up to €5
Slide 113: The Perfect Blend of Luxury and Tech
NEXT LEVEL PERFORMANCE MERCEDES-BENZ THE PERFECT BLEND OF LUXURY AND TECH — FIXED INCOME PRESENTATION Q1 2025 — Iconic brand and desirable products. — MERCEDES-BENZ — Tech leadership, today and tomorrow. Global presence, regionally embedded. Roadmap to double-digit RoS. Exceptional cash generation,
Slide 114: Reinventing the Mercedes Way of Doing Things
NEXT LEVEL PERFORMANCE WE ARE REINVENTING THE MERCEDES WAY OF DOING THINGS PERFORMANCE CULTURE ENTREPRENEURIAL SPIRIT WINNING ATTITUDE — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — 114
Slide 115: The Mercedes-Benz Team Is Determined to Deliver
NEXT LEVEL PERFORMANCE THE MERCEDES -BENZ TEAM IS DETERMINED TO DELIVER BRAND EXPERIENCE — FIXED INCOME PRESENTATION Q1 2025 — — MERCEDES-BENZ — PRODUCTS & TECHNOLOGY FINANCIAL RESILIENCE SHAREHOLDER RETURNS 115
Slide 116: — MERCEDES-BENZ —
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Slide 117: BBAC (Beijing Benz Automotive Cooperation) Joint Venture
BBAC (BEIJING BENZ AUTOMOTIVE COOPERATION) JOINT VENTURE — FIXED INCOME PRESENTATION Q1 2025 — Key Facts − BBAC is based on a trustful partnership with our long-term partner BAIC. — MERCEDES-BENZ — − BBAC is the largest Mercedes-Benz production facility in the world, featuring local R&D BBAC figures
Slide 118: Divisional Guidance Ranges
M E R C E D E S - B ENZ G R O U P / DIVISIONAL GUIDANCE RANGES* Specification/ Significantly Slightly below At prior-year Slightly above Significantly KPI below level above — MERCEDES-BENZ — Revenue/ X < -7.5% -7.5% ≤ X < -2% -2% ≤ X ≤ +2% +2% < X ≤ +7.5% X > +7.5% Unit Sales EBIT (Group) X < -15% -
Slide 119: Contacts – Investor Relations
CONTACTS – INVESTOR RELATIONS — FIXED INCOME PRESENTATION Q1 2025 — Visit our Investor Relations Website: Christian Keller Analysts, Defense and Equity Relations Email: christian.ck.keller@mercedes-benz.com Click here — MERCEDES-BENZ — Alexander Jasperneite Analysts, Creditor and Equity Relations Em
Slide 120: 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
Mercedes-Benz Group — Debt Investor Presentation (2025) on 6ix