Volvo Ab Class A · OMXSTO:VOLV_A
Volvo Ab Class A — AB Volvo — Investor Day (June 2003)
12 slides from Volvo Ab Class A's investor day presentation, Jun 4, 2003
Slide 1: Stefan Johnsson, Senior Vice President and CFO
Stefan Johnsson Senior Vice President and CFO
Slide 2: Financial Targets: Net Sales, Operating Margin, Return on Equity
Capital Market Days June 4-5, 2003 Volvo Group Financial Targets Net Sales * Operating Return on shareholders Margin*, % equity, % SEK 177 M 7 5 15 12 0 0 0 98 99 00 01 02 98 99 00 01 02 98 99 00 01 02 23% 8% 3% 50% (2)% 7.9 6.4 5.5 (0.4) 1.6 13.0 34.9 5.0 (1.7) 1.7 * Excluding divested operations A
Slide 3: Financial Targets: Net Financial Position and Equity Ratio
Capital Market Days June 4-5, 2003 Volvo Group Financial Targets Net financial position as Equity Ratio, % percentage of shareholders equity, % +15 0 40 (30) 98 99 00 01 02 98 99 00 01 02 17.4 29.3 10.6 (8.2) (7.7) 51 67 61 42 42 AB Volvo 2003-06-03, Slide 2
Slide 4: Financial Assets / Debt - Currency distribution
Capital Market Days June 4-5, 2003 Industrial & Commercial Financial Assets / Debt - Currency distribution Financial Assets Financial Debt PLN USD Other CAD GBP EUR KRW EUR Other SEK SEK USD SEK 34 800 M SEK 43 900 M AB Volvo 2003-06-03, Slide 3
Slide 5: Six Months Interest Rates
Capital Market Days June 4-5, 2003 Six Months Interest Rates 10 9 8 7 Percent 6 5 UK 4 Sweden 3 2 EMU US 1 0 Apr Jul Oct 02 Apr Jul Oct 03 Apr Jul SE Stibor: Avg 1/1-03 - 30/4-03 = 3.69% EMU: Avg 1/1-03 - 30/4-03 = 2.57% US: Avg 1/1-03 - 30/4-03 = 1.32% UK: Avg 1/1-03 - 30/4-03 = 3.72% AB Volvo 2003
Slide 6: Development of Interest Net
Capital Market Days June 4-5, 2003 Development of Interest Net 02Q1 02Q2 02Q3 02Q4 03Q1 0,0 -100,0 -200,0 -300,0 11% %change changeininSEK SEKinterest interestrate rateimpacts impactsinterest interestnet netwith with~~SEK SEK200 200MM 11% %change changeininUSD USDinterest interestrate rateimpacts im
Slide 7: Impact of Moving Exchange Rates
Capital Market Days June 4-5, 2003 Impact of Moving Exchange Rates Impact on Operating Income in Q1 - 2003 Quarter 1 2003 2002 Change Average USD/SEK 8.56 10.49 -18% Spot rates -800 Currency related items in - Other operating income and expenses 184 -402 667 Impact on operating income -133 AB Volvo
Slide 8: Capital Market Days June 4-5, 2003
Capital Market Days June 4-5, 2003 AB Volvo 2003-06-03, Slide 7
Slide 9: Operating Cash Flow
Capital Market Days June 4-5, 2003 Operating Cash Flow SEK bn 6,0 4,0 2,0 0,0 -2,0 1999 2000 2001 2002 AB Volvo 2003-06-03, Slide 8
Slide 10: Focus on Working Capital
Capital Market Days June 4-5, 2003 Focus on Working Capital SEK bn Days 40 90 80 80 35 80 70 67 70 30 73 55 60 25 57 50 20 53 51 40 15 30 10 20 5 10 0 0 01Q1 01Q2 01Q3 01Q4 02Q1 02Q2 02Q3 02Q4 03Q1 Capital CCC days AB Volvo 2003-06-03, Slide 9
Slide 11: Focused Cash2Grow Activities
Capital Market Days June 4-5, 2003 Focused Cash2Grow Activities AB Volvo 2003-06-03, Slide 10
Slide 12: Capital Market Days June 4-5, 2003
Capital Market Days June 4-5, 2003 AB Volvo 2003-06-03, Slide 11