Mercedes-benz Group Ag · XETR:MBG
Mercedes-benz — Debt Investor Presentation (2025)
126 slides from Mercedes-benz's debt investor presentation, 2025
Slide 1: Fixed Income Presentation Mercedes-Benz Group AG Full Year 2024
FIXED INCOME PRESENTATION MERCEDES-BENZ GROUP AG — MERCEDES-BENZ — FULL YE AR 2024
Slide 2: Agenda
AGENDA I. Mercedes-Benz Group Review FY 2024 — FIXED INCOME PRESENTATION FY 2024 — II. Divisional Review FY 2024 — 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 FY 2024 MERCEDES-BENZ GROUP: KEY FIGURES Share buyback: EUR ~7 bn. completed. Dividend: EUR 5.5 bn. paid out. — FIXED INCOME PRESENTATION FY 2024 — Revenue* EBIT Earnings per share Free Cash Flow (IB) Net Industrial Liquidity*** in billion euros in billion euros in euros i
Slide 4: Mercedes-Benz Group: EBIT
MERCEDES-BENZ GROUP REVIEW FY 2024 MERCEDES-BENZ GROUP: EBIT In million euros — FIXED INCOME PRESENTATION FY 2024 — 19,660 344 20,004 — MERCEDES-BENZ — 83 13,713 13,599 -5,575 -238 -561 -114 EPS: EPS: 13.46 10.19 • Legal proceedings +22 • M&A transactions +117 • Legal proceedings +236 • Russia +205
Slide 5: Reconciliation from CFBIT to Free Cash Flow
MERCEDES-BENZ GROUP REVIEW FY 2024 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 FY 2024 — 2,705 — MERCEDES-BENZ — 572 9,152 269 9,421 8,963 629 177 -3,894 • Legal proceedings +269 Other Free cash flow Free cash flow Merc
Slide 6: Net Industrial Liquidity
MERCEDES-BENZ GROUP REVIEW FY 2024 M E R C E D E S - B ENZ G R O U P : NET INDUSTRIAL LIQUIDITY* In billion euros — FIXED INCOME PRESENTATION FY 2024 — 6.7 — MERCEDES-BENZ — 10.9 0.6 -0.5 -8.5 31.1 Free cash flow industrial business -5.5 1.4 31.4 FY 2024: € 9.2 billion -4.8 Additions to Net Industri
Slide 7: Gross Liquidity
MERCEDES-BENZ GROUP REVIEW FY 2024 M E R C E D E S - B EN Z G R O U P : GROSS LIQUIDITY In billion euros MBM Industrial Business — FIXED INCOME PRESENTATION FY 2024 — 22.8 -5.7 17.0 0.0 22.2 9.2 0.3 -5.8 3.8 — MERCEDES-BENZ — 3.8 -4.8 9.2 -12.4 -7.6 19.1 18.4 Liquidity Dividend Share IB MBM Other AB
Slide 8: Financial Flexibility over a 12-Month Period – Q4 2024
MERCEDES-BENZ GROUP REVIEW FY 2024 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 O V E R A 12 - M O N T H P E R I O D – Q 4 2 0 2 4 in billions of EUR 50 — FIXED INCOME PRESENTATION FY 2024 — ABS potential — MERCEDES-BENZ — Daimler Truck Other incl. stake Fin. Lease Gro
Slide 9: Agenda
AGENDA I. Mercedes-Benz Group Review FY 2024 — FIXED INCOME PRESENTATION FY 2024 — II. Divisional Review FY 2024 — 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 2024
DIVISIONAL REVIEW FY 2024 MERCEDES-BENZ CARS: KEY MESSAGES 2024 — FIXED INCOME PRESENTATION FY 2024 — Performance: Top line development impacted by market dynamics, — MERCEDES-BENZ — intensified cost efficiencies at work, RoS adj. at 8.1%. Transformation: PHEV sales growth in subdued EV environment,
Slide 11: Mercedes-Benz Cars: Top-End and Electric Vehicle Unit Sales
DIVISIONAL REVIEW FY 2024 MERCEDES-BENZ CARS: TOP-END AND ELECTRIC VEHICLE UNIT SALES In thousand units -3% 2,044 1,983 Top-End 328 -14% -9% 281 328* 402 — MERCEDES-BENZ — 43 368 281* 28 42 G 21 Maybach 241 Core 1,097 1,167 185 BEV** 143 140 AMG 171 S, EQS, 161 183 PHEV Entry ** 619 535 127 GLS, EQS
Slide 12: Mercedes-Benz Cars: Financials
DIVISIONAL REVIEW FY 2024 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 FY 2024 — -3% -4% -39% 2,044 112.8 14.3 — MERCEDES-BENZ — 1,983 107.8 -27% 12.5 9.1 8.7 2023 2024 2023 2024 202
Slide 13: Mercedes-Benz Cars: EBIT & RoS
DIVISIONAL REVIEW FY 2024 MERCEDES-BENZ CARS: EBIT & ROS In million euros Gross Profit -5,151 — FIXED INCOME PRESENTATION FY 2024 — 14,224 28 14,252 — MERCEDES-BENZ — 495 958 41 99 8,677 8,460 -5,676 -1,059 -217 RoS: RoS: -433 12.6% 12.6% Operational efficiencies outweighing one-time supplier paym
Slide 14: Mercedes-Benz Cars: EBIT to CFBIT
DIVISIONAL REVIEW FY 2024 MERCEDES-BENZ CARS: EBIT TO CFBIT In million euros — FIXED INCOME PRESENTATION FY 2024 — 2,337 8,963 132 9,095 — MERCEDES-BENZ — 8,460 134 -470 6,138 CCR: CCR: 1.1 1.0 t/o • Inventories +792 t/o • Trade receivables +139 • Result at-Equity BBAC -1,073 • Trade payables -1,401
Slide 15: Mercedes-Benz Cars: Indicators of Change
DIVISIONAL REVIEW FY 2024 M E R C E D E S - B ENZ C A R S : INDICATORS OF CHANGE — FIXED INCOME PRESENTATION FY 2024 — Average Sales Price* Active Workforce Fixed Costs R&D Investment in PP&E in thousand euros in thousand FTE in billion euros in billion euros in billion euros Net of inflation — MERC
Slide 16: Mercedes-Benz Vans Strategy Pays Off
DIVISIONAL REVIEW FY 2024 MERCEDES-BENZ VANS STRATEGY PAYS OFF Strategy: Consistent and successful implementation of — FIXED INCOME PRESENTATION FY 2024 — Mercedes-Benz Vans strategy with industry leading profitability. Performance: Strong profitable growth by focusing on premium — MERCEDES-BENZ — s
Slide 17: Mercedes-Benz Vans: Electric Vehicle Unit Sales
DIVISIONAL REVIEW FY 2024 MERCEDES-BENZ VANS: ELECTRIC VEHICLE UNIT SALES In thousand units -9% 448 -14% 406 23 20 — MERCEDES-BENZ — BEV thereof 2023 2024 2023 2024 Total MB Vans Electric vehicles Share in % of volume 5% 5% 17
Slide 18: Mercedes-Benz Vans: Financials
DIVISIONAL REVIEW FY 2024 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 FY 2024 — -9% -5% -8% -6% 448 20.3 3.1 3.0 19.3 2.8 — MERCEDES-BENZ — 406 2.8 2023 2024 2023 2024 2023 2024 202
Slide 19: Mercedes-Benz Vans: EBIT & RoS
DIVISIONAL REVIEW FY 2024 M E R C E D E S - B ENZ V A N S : E B I T & R O S In In million million euros euros Gross Profit -233 — FIXED INCOME PRESENTATION FY 2024 — 3,138 3,063 60 49 91 107 2,932 2,825 — MERCEDES-BENZ — -75 -184 -109 -13 -132 RoS: RoS: RoS: RoS: 15.5% 15.1% 14.6% 15.2% Healthy mi
Slide 20: Mercedes-Benz Vans: EBIT to CFBIT
DIVISIONAL REVIEW FY 2024 MERCEDES-BENZ VANS: EBIT TO CFBIT In million euros — FIXED INCOME PRESENTATION FY 2024 — 2,932 61 133 2,838 408 2,705 — MERCEDES-BENZ — -43 520 -1,173 CCR: CCR: 0.9 1.0 t/o • Inventories +28 • Trade payable -128 • Trade receivables +57 • Legal proceedings +133 Net investmen
Slide 21: Mercedes-Benz Vans: Indicators of Change
DIVISIONAL REVIEW FY 2024 M E R C E D E S - B ENZ V A N S : INDICATORS OF CHANGE Fixed Costs Investment in PP&E — FIXED INCOME PRESENTATION FY 2024 — Average Sales Price* Active Workforce R&D in thousand euros in thousand FTE in billion euros in million euros in million euros Net of inflation — MERC
Slide 22: Mercedes-Benz Mobility: Key Messages 2024
DIVISIONAL REVIEW FY 2024 MERCEDES-BENZ MOBILITY: KEY MESSAGES 2024 — FIXED INCOME PRESENTATION FY 2024 — Portfolio slightly up, new business impacted by high competition in China. — MERCEDES-BENZ — Acquisition margin stabilized in line with target return. Portfolio margin at subdued level. Cost of
Slide 23: Mercedes-Benz Mobility: Financials
DIVISIONAL REVIEW FY 2024 MERCEDES-BENZ MOBILITY: FINANCIALS New Business Contract Volume EBIT adj. in billion euros in billion euros in billion euros — FIXED INCOME PRESENTATION FY 2024 — +2% -4% -33% 62.0 138.1 1.7 — MERCEDES-BENZ — 59.5 135.0 1.1 2023 2024 2023 2024 2023 2024 23
Slide 24: Mercedes-Benz Mobility: EBIT & RoE
DIVISIONAL REVIEW FY 2024 MERCEDES-BENZ MOBILITY: EBIT & ROE In million euros 393 1,695 — FIXED INCOME PRESENTATION FY 2024 — -26 -116 1,302 — MERCEDES-BENZ — 90 1,134 0 1,134 68 36 RoE: -613 12.3% RoE: 9.5% RoE: RoE: 8.7% 8.7% Efficiency measures leading to cost improvements Interest margin impacte
Slide 25: Mercedes-Benz Mobility: Net Credit Losses
DIVISIONAL REVIEW FY 2024 MERCEDES -BENZ MOBILITY: NET CREDIT LOSSES* — FIXED INCOME PRESENTATION FY 2024 — 0.89% 0.83% — MERCEDES-BENZ — 0.43% 0.37% 0.34% 0.33% 0.41% 0.31% 0.31% 0.26% 0.26% 0.24% 0.21% 0.21% 0.29% 0.20% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 202
Slide 26: Agenda
AGENDA I. Mercedes-Benz Group Review FY 2024 — FIXED INCOME PRESENTATION FY 2024 — II. Divisional Review FY 2024 — MERCEDES-BENZ — III. Outlook FY 2025 IV. Funding V. Sustainability VI. Products & Brand VII. Luxury & Top-End Vehicles VIII.Technology IX. Next Level Performance 26
Slide 27: Mercedes-Benz Divisional Guidance 2025
OUTLOOK FY 2025 MERCEDES-BENZ DIVISIONAL GUIDANCE 2025 ASSUMPTION The premises regarding the overall economic conditions and the development of the automotive markets continue to be characterized by exceptional uncertainty. In addition to unexpected macroeconomic developments, geopolitical and trade
Slide 28: Mercedes-Benz Group Guidance 2025
OUTLOOK FY 2025 MERCEDES-BENZ GROUP GUIDANCE 2025 ASSUMPTION The premises regarding the overall economic conditions and the development of the automotive markets continue to be characterized by exceptional uncertainty. In addition to unexpected macroeconomic developments, geopolitical and trade poli
Slide 29: Agenda
AGENDA I. Mercedes-Benz Group Review FY 2024 — FIXED INCOME PRESENTATION FY 2024 — II. Divisional Review FY 2024 — 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 FY 2024 — 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 Increased Slightly Compared to 2023
FUNDING P O R T F O L I O A T M E R C E D ES - B E N Z M O B I L I T Y I N 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 2023 M A I N L Y D U E T O F X E F F E C T S Wholesale — FIXED INCOME PRESENTATION FY 2024 — 163 154 151 Loan — MERCEDES-BENZ — 140 138 133 134 132 135 117 Lease 99 Portfolio
Slide 32: Mercedes-Benz Mobility: 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 FY 2024 — Net credit losses as a percentage of portfolio, subject to credit risk Net credit losses on an elevated level, mainly driven 0
Slide 33: Well Balanced Bond Maturity Profile
FUNDING WELL BALANCED BOND MATURITY PROFILE in billions of EUR as of December 31st,2024 — FIXED INCOME PRESENTATION FY 2024 — Issued in 2024 14.9 Maturities — MERCEDES-BENZ — 12.6 0.1 4.5 11.8 6.9 12.5 5.0 10.4 4.1 4.3 4.7 0.1 2.2 1.2 4.9 1.7 1.7 4.0 1.3 2.8 3.1 0.9 1.1 0.9 0.6 2025 2026 2027 2028 2
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 FY 2024 — Other (ex Lease Liab.) Bank Loans Com. Paper Bonds 146 ABS 3% — MERCEDES-BENZ — 1% 11% 126 2% 0% 1% 10% 0% 112 2% 113 2% 15% 109 2% 1% 1% 1% 1% 2% 16%
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 FY 2024 — Other Lease Liabilities — MERCEDES-BENZ — 1% 2% Bonds & CPs Strengthen our global footprint and use Bank loans market opportunities 21% 2
Slide 36: Diversified Global Funding Base
FUNDING DIVERSIFIED GLOBAL FUNDING BASE: CONTINUOUSLY MATCHED WITH MBM REQUIREMENTS Canada EMTN Domestic Bonds — FIXED INCOME PRESENTATION FY 2024 — 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 FY 2024 — — 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. 104%
FUNDING FUNDED RATIO OF PENSION OBLIGATIONS AT APPROX. 104% Daimler Group Mercedes-Benz Group (excl. Truck) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Q4-2024 — FIXED INCOME PRESENTATION FY 2024 — 3.1 3.7 1.9 2.4 1.5 0.9 0.1 0.5 0.5 0.6 0.5 0.1 0.1 0.1 Solid capital structure: on a net — MERC
Slide 39: Agenda
AGENDA I. Mercedes-Benz Group Review FY 2024 — FIXED INCOME PRESENTATION FY 2024 — II. Divisional Review FY 2024 — 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: We Are Committed to Our Ambition 2039
SUSTAINABILITY WE ARE COMMITTED TO OUR AMBITION 2039 — FIXED INCOME PRESENTATION FY 2024 — 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 41: We Aim to Comply with European Union CO2 Regulations
SUSTAINABILITY WE AIM TO COMPLY WITH EUROPEAN UNION CO 2 REGULATIONS — FIXED INCOME PRESENTATION FY 2024 — 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 42: Electrification Has Four Dimensions
SUSTAINABILITY ELECTRIFICATION HAS FOUR DIMENSIONS — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — EV EFFICIENCY EV OFF-ROAD EV PERFORMANCE EV NEXT LEVEL 42
Slide 43: 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 FY 2024 — — MERCEDES-BENZ — 43
Slide 44: 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 FY 2024 — >750 km range (WLTP) — MERCEDES-BENZ — Energy consumption of ~12 kWh / 100 km 150 kW to >400 kW output Up to 300 km charge in 10 min Technical requirements for bidirectional charging Pre
Slide 45: Next Milestone in Solid-State Technology
SUSTAINABILITY NEXT MILESTONE IN SOLID -STATE TECHNOLOGY: EQS DEMONSTRATOR WITH FACTORIAL CELLS — FIXED INCOME PRESENTATION FY 2024 — 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 46: Fast, Convenient, and Reliable Charging Solutions
SUSTAINABILITY WE WANT TO EASE THE LIFE OF OUR CUSTOMERS WITH FAST, CONVENIENT, AND RELIABLE CHARGING SOLUTIONS — FIXED INCOME PRESENTATION FY 2024 — — 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 47: Carbon Reduction & Renewable Energy Expansion at Mercedes-Benz Cars
SUSTAINABILITY CARBON REDUCTION & RENEWABLE ENERGY EXPANSION AT M E R C E D E S - B EN Z C A R S ; N E T C A R B O N - N E U T R A L P R O D U C T I O N S I N C E 2022 1 , 2 — FIXED INCOME PRESENTATION FY 2024 — -72 % -80 % ZERO — MERCEDES-BENZ — CO2 emissions3 Renewable energy 47 % 70 % 100 % 2023
Slide 48: Covering More Than 50% of German Electricity Demand from New Solar and Wind
SUSTAINABILITY M E R C E D E S - B ENZ G R O U P I N T E N D S T O C O V E R M O R E T H A N 50% O F ITS TOTAL ELECTRICITY DEMAND IN GERMANY FROM NEW SOLAR AND WIND POWER PLANTS — FIXED INCOME PRESENTATION FY 2024 — PHOTOVOLTAIC — MERCEDES-BENZ — 20 wind turbines Power Purchase with a capacity of Ag
Slide 49: Establishing a Net Carbon-Neutral Supply Chain
SUSTAINABILITY W E A R E E S T A B L I S H I N G A N E T C A R B O N - N E UT R A L * S U P P L Y C H A I N STEEL ALUMINIUM 1/3 of primary aluminium — FIXED INCOME PRESENTATION FY 2024 — for next BEV models in EU using electricity from renewable sources CARBON FOOTPRINT for electrolysis – goal is to
Slide 50: Net Carbon-Neutral Battery Recycling Factory in Kuppenheim
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 FY 2024 — 96% recovery rate — MERCEDES-BENZ — Integrated mechanical- hydrometallurgical process Annual Recycling Recovered material
Slide 51: 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 FY 2024 — — 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 52: Mercedes-Benz Group ESG Ratings Performance
SUSTAINABILITY MERCEDES-BENZ GROUP ESG RATINGS PERFORMANCE — FIXED INCOME PRESENTATION FY 2024 — Improvements at MSCI and — MERCEDES-BENZ — Sustainalytics since 2019 MSCI Upgrade at Sustainalytics to SUSTAINALYTICS low risk in October 2023 ISS ESG Maintained high level at ISS ESG and CDP Climate Cha
Slide 53: Agenda
AGENDA I. Mercedes-Benz Group Review FY 2024 — FIXED INCOME PRESENTATION FY 2024 — II. Divisional Review FY 2024 — MERCEDES-BENZ — III. Outlook FY 2025 IV. Funding V. Sustainability VI. Products & Brand VII. Luxury & Top-End Vehicles VIII.Technology IX. Next Level Performance 53
Slide 54: Because it's a Mercedes-Benz
— FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — “Because it’s a Mercedes-Benz.” We leverage the most valuable luxury car brand. 54
Slide 55: 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 FY 2024 — 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 56: 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 FY 2024 — — MERCEDES-BENZ — Safety Quality Comfort Intelligence Design Trustworthy Engineering Effortless Hyper-personalized Sensual responsibility excellence comfort user
Slide 57: Trustworthy Responsibility: E-Class Safest Car Tested by Euro NCAP
PRODUCTS & BRAND TRUSTWORTHY RESPONSIBILITY: THE E-CLASS IS THE SAFEST CAR TESTED BY EURO NCAP* — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — *European New Car Assessment Programme (NCAP) in 2024. 57
Slide 58: Effortless Comfort: Executive Seating in the EQS
PRODUCTS & BRAND EFFORTLESS COMFORT: MERCEDES-BENZ OFFERS EXECUTIVE SEATING IN THE EQS — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — 58
Slide 59: Intelligence: Software-Defined Vehicle
PRODUCTS & BRAND INTELLIGENCE: THIS YEAR, WE ARE BRINGING THE SOFTWARE-DEFINED VEHICLE TO THE ROAD — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — 59
Slide 60: Sensual Purity
PRODUCTS & BRAND SENSUAL PURITY: MERCEDES -BENZ GETS YOU FROM A TO B – IN STYLE — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — Mercedes-Maybach SL 680 Monogram Series (provisional figures, combined energy consumption: 13.7 l/100 km | combined CO₂ emissions: 312 g/km | CO₂ class: G) 60
Slide 61: Exclusivity: 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 FY 2024 — — MERCEDES-BENZ — 61
Slide 62: 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 FY 2024 — — 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 63: We Build the World's Most Desirable Cars
PRODUCTS & BRAND OUR GOAL: WE BUILD THE WORLD’S MOST DESIRABLE CARS — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — 63
Slide 64: We Will Build the World's Most Desirable Cars
PRODUCTS & BRAND OUR GOAL: WE WILL BUILD THE WORLD’S MOST DESIRABLE CARS — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — 64
Slide 65: 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 FY 2024 — — MERCEDES-BENZ — 65
Slide 66: Agenda
AGENDA I. Mercedes-Benz Group Review FY 2024 — FIXED INCOME PRESENTATION FY 2024 — II. Divisional Review FY 2024 — 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 FY 2024 — — MERCEDES-BENZ — Mercedes-Maybach EQS 680 SUV (combined energy consumption: 24.1-22.0 kWh/100 km | CO2 emissions combined: 0 g/km
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 FY 2024 — — 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 FY 2024 — 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 FY 2024 — — 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: AMG Legends
AMG AMG LEGENDS — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — DRIVING PERFORMANCE AMG 300 SEL 6.8 AMG 300 CE 6.0 Mercedes-Benz Mercedes-Benz Mercedes-Benz Mercedes-AMG GT R Mercedes-AMG The next chapter… CLK-GTR SL 65 AMG SLS AMG ONE* “The Hammer” “Beast of the Black Series Black Series Gr
Slide 73: Unique Brand Experience at Every Touchpoint
AMG OFFERING A UNIQUE BRAND EXPERIENCE AT EVERY TOUCHPOINT — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — ~600 Performance Centers globally account for just over 50% of AMG sales. +25% AMG sales push from Performance Center effect. 73
Slide 74: AMG Moments: Expanding Engagement Beyond the Point of Sale
AMG AMG MOMENTS: EXPANDING E N G A G E M E NT B E Y O N D T H E P O I N T O F S A L E — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — AMG EXPERIENCES & CUSTOMER CONVERSION PREMIUM ACCESS & GROWING ENGAGEMENT Strong momentum in participation: 11,000 participants Premium hospitality & exclusiv
Slide 75: AMG Sales: Strong Growth Driven by a Highly Desirable Portfolio
AMG AMG SALES: STRONG GROWTH DRIVEN BY A HIGHLY DESIRABLE PORTFOLIO CAGR 2014-2024: 11.3% — FIXED INCOME PRESENTATION FY 2024 — 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 76: Mercedes-AMG: Performance for Enthusiasts
AMG MERCEDES -AMG: PERFORMANCE FOR ENTHUSIASTS — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — Bolder design language Clearer positioning of individual models More distinct differentiation of entry and performance models More focused drivetrain portfolio WE REMAIN COMMITTED TO DELIVERING …WH
Slide 77: Our Ambition: Most Successful Performance Brand
AMG OUR AMBITION : MAKING AMG THE MOST SUCCESSFUL PERFORMANCE BRAND — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — 77
Slide 78: Maybach: Sophisticated Luxury
MAYBACH — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — S O P H I S T I C AT E D L U X U R Y 78
Slide 79: Maybach: Growing the Brand
MAYBACH GROWING THE BRAND SALES 2015 – 2024 FAST GROWTH TO STRONG POSITION — FIXED INCOME PRESENTATION FY 2024 — 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: Maybach Brand DNA
MAYBACH BRAND DNA — FIXED INCOME PRESENTATION FY 2024 — — 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 81: Maybach Product Lineup
MAYBACH PRODUCT LINEUP VIVID LUXURY BRAND ▪ — FIXED INCOME PRESENTATION FY 2024 — 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 82: Craftmanship & Individualisation
MAYBACH CRAFTMANSHIP & INDIVIDUALISATION — FIXED INCOME PRESENTATION FY 2024 — — 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 83: Adventurous Luxury
— FIXED INCOME PRESENTATION FY 2024 — ADVENTUROUS LUXURY 83 — MERCEDES-BENZ —
Slide 84: A Unique Success Story Driven by Special Models and Editions
A UNIQUE SUCCESS STORY DRIVEN BY SPECIAL MODELS AND EDITIONS — FIXED INCOME PRESENTATION FY 2024 — 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 85: The Creation of a True Icon – G-Class DNA
THE CREATION OF A TRUE ICON – G-CLASS DNA: STRONGER THAN TIME — FIXED INCOME PRESENTATION FY 2024 — 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 86: Product Lineup: The Icon in All Its Variety
PRODUCT LINEUP: THE ICON IN ALL ITS VARIETY — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — Editions 86
Slide 87: Agenda
AGENDA I. Mercedes-Benz Group Review FY 2024 — FIXED INCOME PRESENTATION FY 2024 — II. Divisional Review FY 2024 — MERCEDES-BENZ — III. Outlook FY 2025 IV. Funding V. Sustainability VI. Products & Brand VII. Luxury & Top-End Vehicles VIII.Technology IX. Next Level Performance 87
Slide 88: Catering to Different Customer Needs Until Well Into the 2030s
TECHNOLOGY WE WILL BE ABLE TO CATER TO DIFFERENT CUSTOMER NEEDS UNTIL WELL INTO THE 2030 s — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — ICE: High-tech electrified combustion engines are BEV: Visionary EQXX technology setting new performance & efficiency standards in series production 88
Slide 89: Coherent Model Portfolio and Zero-Compromise Cars
TECHNOLOGY WE ARE STRIVING FOR A COHERENT MODEL PORTFOLIO AND ZERO -COMPROMISE CARS — FIXED INCOME PRESENTATION FY 2024 — 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 90: Desirable HEV and BEV Line-Up from Entry to Top-End
TECHNOLOGY WE OFFER BOTH DESIRABLE HEV AND BEV IN AN UNCOMPROMISING LINE-UP FROM ENTRY TO TOP -END — FIXED INCOME PRESENTATION FY 2024 — BATTERY ELECTRIC … ELECTRIFIED DRIVETRAIN & … COMBUSTION ENGINE — MERCEDES-BENZ — TOP-END TOP-END & CORE Uncompromising through dedication to battery- & hybrid-ele
Slide 91: MMA – Uncompromising Drivetrain Flexibility in the Entry Segment
TECHNOLOGY MMA – UNCOMPROMISING DRIVETRAIN FLEXIBILITY IN THE ENTRY SEGMENT — FIXED INCOME PRESENTATION FY 2024 — — 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 92: From Vision EQXX to CLA
TECHNOLOGY F RO M VI S I O N E QXX TO CLA FLE XI BLE ARCHI TE CTURE SE TS BE NCHM ARK I N I TS CLASS — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — VISION EQXX TECH TRANSFER RANGE RECHARGED RANGE km WLTP km in 10 min WLTP >750 best 300 best CONSUMPTION CHARGING POWER kWh/100 km WLTP peak po
Slide 93: Core & Top-End: Uncompromised Layout and Roomier Interior
TECHNOLOGY CO RE & TO P -E ND: UNCO M PRO M I SE D LAYO UT AND RO O M I E R I NTE RI O R — FIXED INCOME PRESENTATION FY 2024 — MERCEDES-BENZ: UNCOMPROMISING TOP-END Uncompromising Core & Top-End BEV & HEV — MERCEDES-BENZ — + more interior space and layout without restrictions from two drivetrain con
Slide 94: Intelligent Modularisation
TECHNOLOGY WI TH I NTE LLI GE NT M O DULARI S ATI ON, WE E NSURE E FFI CI E NT USE O F HI GH -E ND TE CHNO LO GI E S ACRO SS O UR PO RTFO LI O — FIXED INCOME PRESENTATION FY 2024 — MB.OS DRIVETRAIN HARD- & SOFTWARE — MERCEDES-BENZ — TOP-END Infotainment Automated Batteries, High-tech Driving engines
Slide 95: 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 FY 2024 — — MERCEDES-BENZ — INTELLIGENCE 95
Slide 96: Transformation Through AI
TECHNOLOGY TRANSFORMATION THROUGH AI. INTELLIGENT MB PRODUCTS AND COST -EFFICIENT BUSINESS — FIXED INCOME PRESENTATION FY 2024 — CONVERSATIONAL AI BEHAVIOURAL AI AGENTIC AI INTELLIGENCE — MERCEDES-BENZ — New natural conversations Proactive UI experience Hyper-personalised user experience Faster busi
Slide 97: Software-Defined Vehicles and MB.OS
TECHNOLOGY OUR SOFTWARE -DEFINED VEHICLES WILL OFFER AN EXCEPTIONAL DIGITAL EXPERIENCE — FIXED INCOME PRESENTATION FY 2024 — Architects of MB.OS Combining in-house expertise with a selection — MERCEDES-BENZ — of world-class technology partners Proprietary system Chip-to-Cloud architecture allows us
Slide 98: MB.OS Enables a Superior Product Experience
TECHNOLOGY MB.OS ENABLES A SUPERIOR PRODUCT EXPERIENCE. SOFTWARE DELIVERY UP AND RUNNING — FIXED INCOME PRESENTATION FY 2024 — Purpose-built OS owned by MB, — MERCEDES-BENZ — with partners of choice and 3rd-party content Privacy and safety by design Scalable to fit every segment Full control over al
Slide 99: 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 FY 2024 — PARTIAL AUTOMATION PARTIAL AUTOMATION CONDITIONAL AUTOMATION HIGH-LEVEL AUTOMATION INTELLIGENT POINT-TO-POINT DRIVE PILOT ON TEST IN BEIJING —
Slide 100: 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 FY 2024 — MBUX Superscreen Unique user experience with — MERCEDES-BENZ — real-time 3D graphics Immersive & hyper-personalised experience
Slide 101: Every Mercedes Uncompromisingly Attractive and Profitable
TECHNOLOGY OUR AMBITION IS THAT EVERY MERCEDES WILL BE UNCOMPROMISINGLY ATTRACTIVE AND PROFITABLE — FIXED INCOME PRESENTATION FY 2024 — THE MERCEDES WAY CHINA TAILORED — MERCEDES-BENZ — 101
Slide 102: Tailormade and Locally Developed for Customers in China
TECHNOLOGY TAILORMADE AND LOCALLY DEVELOPED FOR CUSTOMERS IN CHINA — FIXED — PRODUCT & CONTENT I NC A Specific apps & software — MERCEDES-BENZ — O PMI ET APLR EMSAERNKTEATT D in infotainment & automated driving Dedication to the rear I OANY F—Y 2 0 2 4 — unique rear cabin Long-wheelbase versions for
Slide 103: Agenda
AGENDA I. Mercedes-Benz Group Review FY 2024 — FIXED INCOME PRESENTATION FY 2024 — II. Divisional Review FY 2024 — MERCEDES-BENZ — III. Outlook FY 2025 IV. Funding V. Sustainability VI. Products & Brand VII. Luxury & Top-End Vehicles VIII.Technology IX. Next Level Performance 103
Slide 104: Macro and Market Environment to Remain Challenging
NEXT LEVEL PERFORMANCE MACRO AND MARKET ENVIRONMENT TO REMAIN CHALLENGING IN THE MEDIUM -TERM* PREMIUM AND MB SALES — FIXED INCOME PRESENTATION FY 2024 — MACRO* LUXURY AUTO INFLATION* TARIFFS* EXPECTATIONS MARKET* — MERCEDES-BENZ — EUROPE Stable development USA Solid momentum CHINA Cautious view *Me
Slide 105: Sustainably Improve Our Revenue Quality
NEXT LEVEL PERFORMANCE WE AIM TO SUSTAINABLY IMPROVE OUR REVENUE QUALITY — FIXED INCOME PRESENTATION FY 2024 — 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 106: Mastering Transition Years and Preparing for Product Launches
NEXT LEVEL PERFORMANCE MASTERING TRANSITION YEARS AND PREPARING FOR UNPRECEDENTED PRODUCT LAUNCHES GLOBAL SALES* — FIXED INCOME PRESENTATION FY 2024 — 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 107: Solid Revenue Momentum 2024–2027
NEXT LEVEL PERFORMANCE SOLID REVENUE MOMENTUM 2024 – 2027 REVENUE* — FIXED INCOME PRESENTATION FY 2024 — 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 108: Iconic Brands and Products as Resilient Backbone
NEXT LEVEL PERFORMANCE ICONIC BRANDS AND PRODUCTS AS OUR RESILIENT BACKBONE TO MASTER THE TRANSFORMATION STRONG PRODUCT PORTFOLIO* — FIXED INCOME PRESENTATION FY 2024 — Top-End Segment Iconic products delivering outstanding margins. — MERCEDES-BENZ — Core Segment Healthy contribution in competitive
Slide 109: 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 FY 2024 — EUROPE/ AMERICA ASIA Sale of Hambach Rightsizing Germany REST OF WORLD and small volume plants in Optionality at partner plants &
Slide 110: Substantially Optimizing Production Costs
NEXT LEVEL PERFORMANCE SUBSTANTIALLY OPTIMIZING PRODUCTION COSTS DOUBLING THE LOW-COST PRODUCTION COSTS — FIXED INCOME PRESENTATION FY 2024 — 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 111: Geopolitical Hedge: Increasing 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 FY 2024 — USA our “Home of SUVs” GLOBAL PRODUCTION NETWORK 2027** Optional localization of additional product in Core segment. Imported and exported
Slide 112: We Tackle Our Material Costs
NEXT LEVEL PERFORMANCE WE TACKLE OUR MATERIAL COSTS — FIXED INCOME PRESENTATION FY 2024 — 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 113: Allocating Capital to the Most Promising Segments
NEXT LEVEL PERFORMANCE WE CONTINUE TO ALLOCATE OUR CAPITAL TO THE MOST PROMISING SEGMENTS — FIXED INCOME PRESENTATION FY 2024 — 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 114: Additional >10% Fixed Cost Savings Until 2027
NEXT LEVEL PERFORMANCE CONTINUED FUNDAMENTAL FIXED COST SAVINGS ADDITIONAL >10% UNTIL 2027 FIXED COST REDUCTION — FIXED INCOME PRESENTATION FY 2024 — (NET OF INFLATION)* — MERCEDES-BENZ — Headcount reduction using all levers -19% such as attrition, no replacements, voluntary redundancy programs, out
Slide 115: 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 FY 2024 — 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 116: 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 FY 2024 — BBAC (PbP*) Leveraging open sourcing opportunities — MERCEDES-BENZ — from Chinese supply chain. RoS 2024: ~ 15% Further localization of products. Scaling the Joi
Slide 117: 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 FY 2024 — RoS in % MB CARS MARGIN CORRIDOR** MASTERING TRANSFORMATION ≥ 10% Prudent macro and — MERCEDES-BENZ — market perspective. 10 Product momentum materializing in sales, reve
Slide 118: MB Group 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 FY 2024 — CASH GENERATED CASH RETURN TO NET SINCE 2019* SHAREHOLDERS* LIQUIDITY3 TOTAL SHAREHOLDER RETURN — MERCEDES-BENZ — >€45 bn 2019 – 2024 >30% Share price2 2024
Slide 119: 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 FY 2024 — 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 120: The Perfect Blend of Luxury and Tech
NEXT LEVEL PERFORMANCE MERCEDES-BENZ THE PERFECT BLEND OF LUXURY AND TECH — FIXED INCOME PRESENTATION FY 2024 — 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 121: 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 FY 2024 — — MERCEDES-BENZ — 121
Slide 122: The Mercedes-Benz Team Is Determined to Deliver
NEXT LEVEL PERFORMANCE THE MERCEDES -BENZ TEAM IS DETERMINED TO DELIVER BRAND EXPERIENCE — FIXED INCOME PRESENTATION FY 2024 — — MERCEDES-BENZ — PRODUCTS & TECHNOLOGY FINANCIAL RESILIENCE SHAREHOLDER RETURNS 122
Slide 123: Appendix
— FIXED INCOME PRESENTATION FY 2024 — APPENDIX 123 — MERCEDES-BENZ —
Slide 124: Mercedes-Benz Group/Divisional Guidance Ranges
MERCEDES -BENZ GROUP/ DIVISIONAL GUIDANCE RANGES* Specification/ Significantly Slightly below At prior-year Slightly above Significantly KPI below level above Revenue/ X < -7.5% -7.5% ≤ X < -2% -2% ≤ X ≤ +2% +2% < X ≤ +7.5% X > +7.5% Unit Sales — MERCEDES-BENZ — EBIT (Group) X < -15% -15% ≤ X <-5% -
Slide 125: Contacts – Investor Relations
CONTACTS – INVESTOR RELATIONS Visit our Investor Relations Website: Christian Keller Analysts, Defense and Equity Relations — FIXED INCOME PRESENTATION FY 2024 — Email: christian.ck.keller@mercedes-benz.com Alexander Jasperneite — MERCEDES-BENZ — Analysts, Creditor and Equity Relations Email: alexan
Slide 126: 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