Mercedes-benz Group Ag · XETR:MBG
Mercedes-benz — Q3 2024 Earnings Presentation
70 slides from Mercedes-benz's earnings presentation, Oct 25, 2024
Slide 1: Interim Report 1 January to 30 September 2024
Interim Report 1 January to 30 September 2024 Mercedes-Benz Group
Slide 2: Contents
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 2 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Contents 3 KEY FIGURES 36 CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 7 REPORTING PRINCIPLES 37 Consolidat
Slide 3: Key Figures
Interim Report Q1-Q3 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 third quarter and in the first nine months Q3
Slide 4: Financial key figures of the segments in the third quarter
Interim Report Q1-Q3 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 third quarter Mercedes-Benz Cars Mercedes-Benz Vans Q3 2024 Q3 2023 C
Slide 5: Financial key figures of the segments in the first nine months
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 5 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial key figures of the segments in the first nine months Mercedes-Benz Cars Mercedes-Benz Vans Q1-Q3 2024 Q1
Slide 6: Non-financial key figures in the third quarter and first nine months
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 6 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Non-financial key figures in the third quarter and in the first nine months Mercedes-Benz Cars Mercedes-Benz Vans
Slide 7: Reporting principles
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 7 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Reporting principles The Interim Report of Mercedes-Benz Group AG as of The Group includes the segments Mercedes-B
Slide 8: Important events
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 8 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Important events Interim Group Management Report Important events Share buyback policy and further share buyback T
Slide 9: Important events: CO2 reduction and circular economy
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 9 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Important events An 80% reduction in CO₂ emissions is planned in A further step towards establishing a circular te
Slide 10: Business development
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 10 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development Business development In the automotive markets, demand from customers Unit sales remained we
Slide 11: Business development: Mercedes-Benz Cars unit sales
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 11 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development The Core category accounted for 60% of the overall Overall, the share of electrified vehicle
Slide 12: Mercedes-Benz Cars unit sales
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 12 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development Mercedes-Benz Cars unit sales Q3 2024 Q3 2023 Change Q1-Q3 2024 Q1-Q3 2023 Change In units i
Slide 13: Mercedes-Benz Vans and Mobility
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 13 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development Mercedes-Benz Vans In the first nine months of 2024, Mercedes-Benz Vans 2024 was significant
Slide 14: Investment and research activities
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 14 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development Investment and research activities Investments in property, plant and equipment The investme
Slide 15: Research and development expenditure
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 15 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development Research and development expenditure While expenses fell significantly in the first half of
Slide 16: Profitability
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 16 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability Profitability, cash flows and Profitability As a result, gross profit in relation to revenue in the
Slide 17: Profitability: other operating income and interest
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 17 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability The other operating income/expense in the first nine In the first nine months of 2024, net interest
Slide 18: Condensed Statement of Income/Loss, three months
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 18 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 30 September Merce
Slide 19: Condensed Statement of Income/Loss, nine months
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 19 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability Condensed Consolidated Statement of Income/Loss for the nine-month period ended 30 September Merced
Slide 20: EBIT of the segments
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 20 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability EBIT of the segments diesel vehicles were adjusted in EBIT. In addition, in In the third quarter of
Slide 21: EBIT for the three-month period
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 21 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability EBIT for the three-month period ended 30 September Mercedes-Benz Group Mercedes-Benz Cars Mercedes-
Slide 22: EBIT for the nine-month period
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 22 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability EBIT for the nine-month period ended 30 September Mercedes-Benz Group Mercedes-Benz Cars Mercedes-B
Slide 23: Cash flows
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 23 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 Merc
Slide 24: Condensed Consolidated Statement of Cash flows
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 24 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows Condensed Consolidated Statement of Cash flows Mercedes-Benz Group Industrial Business Mercedes-Benz M
Slide 25: Free cash flow of the industrial business
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 25 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 In the interest of
Slide 26: Reconciliation from CFBIT to free cash flow
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 26 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 disclos- Reconciliation from CFBIT to the free cash fl
Slide 27: CFBIT and cash conversion rate of the automotive segments
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 27 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows CFBIT and cash conversion rate of Reconciliation from EBIT to adjusted CFBIT the automotive segments M
Slide 28: Net liquidity and net debt
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 28 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-ra
Slide 29: Financial position
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 29 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial position Financial position As of 30 September 2024, the balance sheet total of the Group was at the le
Slide 30: Equity and liabilities by business
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 30 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 30 September 31 December 30 Sep
Slide 31: Assets, liabilities and equity
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 31 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial position Assets Liabilities and equity Further information on the assets presented in the Statement of
Slide 32: Derivation of net assets of the automotive segments
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 32 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
Slide 33: Outlook
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 33 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Outlook Outlook Customer demand on the global automotive markets Overview of forecast key figures is expected to
Slide 34: Forward-looking statements for the year 2024
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 34 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 Adjustments in the Adjustments in the Adjustme
Slide 35: Risk and Opportunity Report
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 35 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 Furthermore, a
Slide 36: Condensed Interim Consolidated Financial Statements
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 36 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Condensed Interim Consolidated Financial Statements
Slide 37: Consolidated Statement of Income/Loss
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 37 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 Q3 2024 Q3 20231,2 Q1-Q3 2024 Q1
Slide 38: Consolidated Statement of Comprehensive Income/Loss
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 38 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 Q3 2024 Q
Slide 39: Consolidated Statement of Financial Position
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 39 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 Note 30 September 2024
Slide 40: Consolidated Statement of Financial Position: equity and liabilities
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 40 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Financial Position Note 30 September 2024 31 December 2023 In millions of euros Equity
Slide 41: Consolidated Statement of Cash Flows
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 41 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-Q3 2024 Q1-Q3 2023 In millions of eu
Slide 42: Consolidated Statement of Cash Flows (continued)
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 42 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Cash Flows Q1-Q3 2024 Q1-Q3 2023 In millions of euros Change in short-term financing li
Slide 43: Consolidated Statement of Changes in Equity
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 43 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 Equ
Slide 44: Notes: 1. Basis of preparation
Interim Report Q1-Q3 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 Notes to the Interim Consolidated The Board of Management
Slide 45: 2. Significant disposals of investments
Interim Report Q1-Q3 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 2. Significant disposals of The sale of the Russian subsid
Slide 46: 3. Revenue
Interim Report Q1-Q3 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 Sale of Indonesian sales and production entities 3. Revenu
Slide 47: Revenue for the three-month period ended 30 September
Interim Report Q1-Q3 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 Revenue for the three-month period ended 30 September Merc
Slide 48: 4. Functional costs 5. Other operating income and expense
Interim Report Q1-Q3 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 4. Functional costs Research and non-capitalized developme
Slide 49: 6. Other financial income/expense
Interim Report Q1-Q3 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 6. Other financial income/expense The composition of other
Slide 50: 7. Interest income and interest expense
Interim Report Q1-Q3 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 7. Interest income and interest expense The composition of
Slide 51: 8. Income taxes
Interim Report Q1-Q3 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 8. Income taxes The following table shows profit before in
Slide 52: 9. Intangible assets 10. PP&E 11. Operating leases
Interim Report Q1-Q3 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 9. Intangible assets 10. Property, plant and equipment 11.
Slide 53: 12. Equity-method investments
Interim Report Q1-Q3 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 12. Equity-method investments In May 2024, the Annual Gene
Slide 54: 13. Receivables from financial services
Interim Report Q1-Q3 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 13. Receivables from financial services Receivables from f
Slide 55: 14. Inventories 15. Equity
Interim Report Q1-Q3 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 14. Inventories 15. Equity by divesting their shares on a
Slide 56: Share buyback programme and dividend
Interim Report Q1-Q3 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 The additional share buyback programme commenced Employee
Slide 57: 16. Pensions and similar obligations
Interim Report Q1-Q3 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 16. Pensions and Development of funded status 30 Sept. 31
Slide 58: 17. Provisions for other risks
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 58 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
Slide 59: 18. Financing liabilities
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 59 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 In the first nine months of 2024
Slide 60: 19. Legal proceedings
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 60 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 Diesel emission behaviour: consumer
Slide 61: 20. Financial instruments
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 61 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 Marketable debt securities and e
Slide 62: Carrying amounts and fair values of financial instruments
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 62 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
Slide 63: Measurement hierarchy of financial assets and liabilities
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 63 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 classi- Fo
Slide 64: 21. Segment reporting
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 64 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 ac
Slide 65: Reconciliation of EBIT to Group figures
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 65 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements The reconciliation includes functions and services provide
Slide 66: 22. Related party disclosures
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 66 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 The receivables and right-of
Slide 67: Transactions with related parties
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 67 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements Transactions with related parties Income from sales of goo
Slide 68: Auditor's Review Report
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 68 Contents Key Figures Reporting principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Auditor’s Review Report Further Information Review Report report on the condensed consolidated interim financial
Slide 69: Information on the Internet
Interim Report Q1-Q3 2024 | Mercedes-Benz Group 69 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 c
Slide 70: Mercedes-Benz Group AG, Stuttgart, Germany
Mercedes-Benz Group AG, Mercedesstraße 120, 70372 Stuttgart, Germany