Mercedes-benz Group Ag · XETR:MBG
Mercedes-benz — Q1 2024 Earnings Presentation
60 slides from Mercedes-benz's earnings presentation, Apr 30, 2024
Slide 1: Interim Report Q1 2024
Interim Report Q1 2024 OS Mercedes-Benz Group <>
Slide 2: Contents
Interim Report Q1 2024 | Mercedes-Benz Group 2 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Contents 3 KEY FIGURES 29 CONDENSED INTERIM CONSOLIDATED FINANCIAL 6 REPORTING PRINCIPLES STATEMENTS 30 Consolidated
Slide 3: Key Figures
Interim Report Q1 2024 | Mercedes-Benz Group 3 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Key Figures Financial key figures of the Mercedes-Benz Group in the first quarter Q1 2024 Q1 2023 Change In millions
Slide 4: Financial key figures of the segments in the first quarter
Interim Report Q1 2024 | Mercedes-Benz Group 4 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial key figures of the segments in the first quarter Mercedes-Benz Cars Mercedes-Benz Vans Q1 2024 Q1 2023 Chan
Slide 5: Non-financial key figures in the first quarter
Interim Report Q1 2024 | Mercedes-Benz Group 5 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Non-financial key figures in the first quarter Mercedes-Benz Cars Mercedes-Benz Vans Q1 2024 Q1 2023 Change Q1 2024 Q
Slide 6: Reporting principles
Interim Report Q1 2024 | Mercedes-Benz Group 6 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Reporting principles Forward-looking statements The Interim Report of Mercedes-Benz Group AG as of The Interim Report
Slide 7: Important events
Interim Report Q1 2024 | Mercedes-Benz Group 7 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Important events Interim Group Management Report Important events In this context, Mercedes-Benz Group AG has also re
Slide 8: Business development
Interim Report Q1 2024 | Mercedes-Benz Group 8 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development Business development purchases. Recently, the development of the premium Unit sales and luxury s
Slide 9: Business development: Cars and Vans unit sales
Interim Report Q1 2024 | Mercedes-Benz Group 9 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development The Core category accounted for 58% of the overall mental bonus for electric vehicles in Germany
Slide 10: Investment and research activities
Interim Report Q1 2024 | Mercedes-Benz Group 10 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development Mercedes-Benz Mobility Investment and research activities Research and development expenditure
Slide 11: Profitability
Interim Report Q1 2024 | Mercedes-Benz Group 11 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability Profitability, cash flows and Profitability Research and non-capitalized development costs were signif
Slide 12: Profitability: interest, taxes and net profit
Interim Report Q1 2024 | Mercedes-Benz Group 12 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability Net interest income/expense improved in the first Further information on the items in the Consolidated
Slide 13: Condensed Consolidated Statement of Income/Loss
Interim Report Q1 2024 | Mercedes-Benz Group 13 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability Condensed Consolidated Statement of Income/Loss for the three-month period ended 31 March Mercedes-Ben
Slide 14: EBIT of the segments for the three-month period
Interim Report Q1 2024 | Mercedes-Benz Group 14 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability EBIT of the segments for the three-month period The Mercedes-Benz Vans segment was able to In the firs
Slide 15: EBIT for the three-month period ended 31 March
Interim Report Q1 2024 | Mercedes-Benz Group 15 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability EBIT for the three-month period ended 31 March Mercedes-Benz Group Mercedes-Benz Cars Mercedes-Benz Va
Slide 16: Cash flows
Interim Report Q1 2024 | Mercedes-Benz Group 16 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows Cash flows Condensed Consolidated Statement of Cash flows Mercedes-Benz Group Industrial Business Mercede
Slide 17: Cash flows: investing and financing
Interim Report Q1 2024 | Mercedes-Benz Group 17 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows Mercedes-Benz Group Industrial Business Mercedes-Benz Mobility Q1 2024 Q1 2023 Q1 2024 Q1 2023 Q1 2024 Q1
Slide 18: Free cash flow of the industrial business
Interim Report Q1 2024 | Mercedes-Benz Group 18 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows Free cash flow of the industrial business Free cash flow of the industrial business • Positive developmen
Slide 19: Free cash flow of the Mercedes-Benz Group
Interim Report Q1 2024 | Mercedes-Benz Group 19 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows As well as being calculated on the basis of the dis- Free cash flow of the Mercedes-Benz Group closed cas
Slide 20: CFBIT and cash conversion rate of the automotive segments
Interim Report Q1 2024 | Mercedes-Benz Group 20 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows CFBIT and cash conversion rate of the automotive Reconciliation to adjusted CFBIT for the three-month per
Slide 21: Net liquidity and net debt
Interim Report Q1 2024 | Mercedes-Benz Group 21 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows Net liquidity and net debt As can be seen in the following table, after taking Refinancing exchange-rate
Slide 22: Financial position
Interim Report Q1 2024 | Mercedes-Benz Group 22 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial position Financial position As of 31 March 2024, the balance sheet total of the Group was slightly above t
Slide 23: Equity and liabilities
Interim Report Q1 2024 | Mercedes-Benz Group 23 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial position Mercedes-Benz Group Industrial Business Mercedes-Benz Mobility 31 March 31 December 31 March 31 D
Slide 24: Assets, liabilities and equity
Interim Report Q1 2024 | Mercedes-Benz Group 24 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial position Assets Liabilities and equity Inventories increased compared to 31 December 2023 The Group’s equi
Slide 25: Derivation of net assets of the automotive segments
Interim Report Q1 2024 | Mercedes-Benz Group 25 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial position The following table shows the derivation of net assets of the automotive segments. They relate to
Slide 26: Outlook
Interim Report Q1 2024 | Mercedes-Benz Group 26 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Outlook Outlook Under these conditions, demand from customers on Overview of forecast key figures the global automot
Slide 27: Forward-looking statements for the year 2024
Interim Report Q1 2024 | Mercedes-Benz Group 27 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Outlook Forward-looking statements for the year 2024 Annual Report 31 December 2023 Interim Report 31 March 2024 Mer
Slide 28: Risk and Opportunity Report
Interim Report Q1 2024 | Mercedes-Benz Group 28 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Risk and Opportunity Report Risk and Opportunity Report Business risks, company-specific risks and As also previousl
Slide 29: Condensed Interim Consolidated Financial Statements
Interim Report Q1 2024 | Mercedes-Benz Group 29 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Condensed Interim Consolidated Financial Statements
Slide 30: Consolidated Statement of Income/Loss
Interim Report Q1 2024 | Mercedes-Benz Group 30 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Income/Loss Consolidated Statement of Income/Loss Note Q1 2024 Q1 2023¹ In millions of eur
Slide 31: Consolidated Statement of Comprehensive Income/Loss
Interim Report Q1 2024 | Mercedes-Benz Group 31 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Comprehensive Income/Loss Consolidated Statement of Comprehensive Income/Loss Q1 2024 Q1 2
Slide 32: Consolidated Statement of Financial Position
Interim Report Q1 2024 | Mercedes-Benz Group 32 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Financial Position Consolidated Statement of Financial Position 31 March 31 December Note
Slide 33: Consolidated Statement of Financial Position: equity and liabilities
Interim Report Q1 2024 | Mercedes-Benz Group 33 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Financial Position 31 March 31 December Note 2024 2023 Equity and liabilities Share capita
Slide 34: Consolidated Statement of Cash Flows
Interim Report Q1 2024 | Mercedes-Benz Group 34 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Cash Flows Consolidated Statement of Cash Flows Q1 2024 Q1 2023 In millions of euros Profi
Slide 35: Consolidated Statement of Cash Flows (continued)
Interim Report Q1 2024 | Mercedes-Benz Group 35 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Cash Flows Q1 2024 Q1 2023 In millions of euros Change in short-term financing liabilities
Slide 36: Consolidated Statement of Changes in Equity
Interim Report Q1 2024 | Mercedes-Benz Group 36 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Changes in Equity Consolidated Statement of Changes in Equity Other reserves Equity attrib
Slide 37: Consolidated Statement of Changes in Equity (2024)
Interim Report Q1 2024 | Mercedes-Benz Group 37 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Changes in Equity Other reserves Equity attributable to Difference of Derivative sharehold
Slide 38: Notes: 1. Basis of preparation
Interim Report Q1 2024 | Mercedes-Benz Group 38 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements Notes to the Interim Consolidated The Board of Management aut
Slide 39: 2. Significant acquisitions and disposals of investments
Interim Report Q1 2024 | Mercedes-Benz Group 39 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 2. Significant acquisitions and financial institutions, which
Slide 40: Sale of Indonesian sales and production entities
Interim Report Q1 2024 | Mercedes-Benz Group 40 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements Sale of Indonesian sales and production entities The Mercedes
Slide 41: 3. Revenue
Interim Report Q1 2024 | Mercedes-Benz Group 41 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 3. Revenue Other revenue primarily comprises revenue from the
Slide 42: 4. Functional costs 5. Other operating income and expense
Interim Report Q1 2024 | Mercedes-Benz Group 42 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 4. Functional costs 5. Other operating income 6. Other financ
Slide 43: 7. Interest income and interest expense 8. Income taxes
Interim Report Q1 2024 | Mercedes-Benz Group 43 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 7. Interest income and interest 8. Income taxes expense The f
Slide 44: 9. Intangible assets 10. Property, plant and equipment 11. Equipment on operating leases
Interim Report Q1 2024 | Mercedes-Benz Group 44 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 9. Intangible assets 10. Property, plant and equipment 11. Eq
Slide 45: 12. Equity-method investments
Interim Report Q1 2024 | Mercedes-Benz Group 45 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 12. Equity-method investments The acquisition of the treasury
Slide 46: 13. Receivables from financial services
Interim Report Q1 2024 | Mercedes-Benz Group 46 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 13. Receivables from financial services Receivables from fina
Slide 47: 14. Inventories 15. Equity
Interim Report Q1 2024 | Mercedes-Benz Group 47 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 14. Inventories 15. Equity of Mercedes-Benz Group AG below 10
Slide 48: Share buyback programme and dividend
Interim Report Q1 2024 | Mercedes-Benz Group 48 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements The additional share buyback programme is now Dividend For th
Slide 49: 16. Pensions and similar obligations
Interim Report Q1 2024 | Mercedes-Benz Group 49 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 16. Pensions and similar Development of funded status 31 Mar.
Slide 50: 17. Provisions for other risks
Interim Report Q1 2024 | Mercedes-Benz Group 50 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 17. Provisions for other risks Provisions for other risks are
Slide 51: 18. Financing liabilities
Interim Report Q1 2024 | Mercedes-Benz Group 51 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 18. Financing liabilities Financing liabilities are comprised
Slide 52: 19. Legal proceedings
Interim Report Q1 2024 | Mercedes-Benz Group 52 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 19. Legal proceedings decision to the Federal Court of Justic
Slide 53: 20. Financial instruments
Interim Report Q1 2024 | Mercedes-Benz Group 53 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 20. Financial instruments quoted market prices are not availa
Slide 54: Carrying amounts and fair values of financial instruments
Interim Report Q1 2024 | Mercedes-Benz Group 54 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements Carrying amounts and fair values of financial instruments 31
Slide 55: Measurement hierarchy of financial assets and liabilities
Interim Report Q1 2024 | Mercedes-Benz Group 55 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements The following table provides an overview of the At the end of
Slide 56: 21. Segment reporting
Interim Report Q1 2024 | Mercedes-Benz Group 56 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 21. Segment reporting Segment reporting is presented in accor
Slide 57: 22. Related party disclosures
Interim Report Q1 2024 | Mercedes-Benz Group 57 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 22. Related party disclosures To this end, Mercedes-Benz Mobi
Slide 58: Auditor's Review Report
Interim Report Q1 2024 | Mercedes-Benz Group 58 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Audior’s Review Report Further Information Review Report interim financial statements and on the interim group our e
Slide 59: Information on the Internet
Interim Report Q1 2024 | Mercedes-Benz Group 59 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Information on the Internet Information on the Internet Further information about the Mercedes-Benz Group share can
Slide 60: Mercedes-Benz Group AG, Mercedesstraße 120, Stuttgart
Mercedes-Benz Group AG, Mercedesstraße 120, 70372 Stuttgart, Germany