Mercedes-Benz Group AG · XETR:MBG
Mercedes-Benz — Daimler — Q3 2014 Earnings Presentation
28 slides from Mercedes-Benz's earnings presentation, Oct 23, 2014
Slide 1: Fact Sheet for Q3 and January-September 2014
Fact Sheet for Q3 and January-September 2014 October 23, 2014
Slide 2: Contents
Contents Daimler Group l Stock Market Information 3 l Earnings and Financial Situation 4 - 13 Information for Divisions l Mercedes-Benz Cars 14 - 17 l Daimler Trucks 18 - 22 l Mercedes-Benz Vans 23 - 25 l Daimler Buses 26 - 27 l Daimler Financial Services 28 2
Slide 3: Stock Market Information
Stock Market Information 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Earnings per share (in EUR)* basic 1.53 2.31 0.96 0.50 1.97 2.65 2.56 1.72 +49% 5.48 4.87 +13% diluted 1.53 2.31 0.96 0.50 1.97 2.65 2.56 1.72
Slide 4: Key Figures and Ratios
Key Figures and Ratios 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Unit Sales (in units) 651,326 597,041 565,799 501,600 628,857 605,823 637,423 594,874 +7% 1,832,079 1,702,297 +8% Revenue 32
Slide 5: Free Cash Flow and Net Liquidity of the Industrial Business
Free Cash Flow and Net Liquidity of the Industrial Business 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change 1) Net liquidity at the beginning of the period 12,577 8,207 13,834 11,508 14,474 10,01
Slide 6: Liquidity
Liquidity 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter End of (in millions of EUR) 2013 2012 2014 2013 2014 2013 2014 2013 Change Q3 2014 2013 Change Group liquidity Cash and cash equivalents 11,053 10,996 11,819 11,355 10,794 11,607 12,610 10,615 +19% 12,610 11,053 +14% Marketable securities and
Slide 7: Pension and Health-Care Benefits
Pension and Health-Care Benefits* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter End of (in billions of EUR) 2013 2012 2014 2013 2014 2013 2014 2013 Change Q3 2014 2013 Change Pension benefits Benefit obligations -23.2 -23.9 -24.7 -24.0 -25.8 -23.5 -27.5 -23.6 . -27.5 -23.2 . Plan assets 14.6 14.2
Slide 8: Unit Sales
Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars 423,895 397,464 389,476 341,511 418,685 404,711 431,041 395,446 +9% 1,239,202 1,141,668 +9% Daimler Trucks 134,550 112,931 108,
Slide 9: Production Volume
Production Volume 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars 410,674 368,864 407,458 374,041 406,639 412,009 459,259 391,934 +17% 1,273,356 1,177,984 +8% Daimler Trucks 123,440 96,2
Slide 10: Revenue
Revenue 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars 17,352 16,121 17,004 14,110 17,771 16,324 18,677 16,521 +13% 53,452 46,955 +14% Daimler Trucks 8,502 7,782 7,121 7,024 7
Slide 11: Earnings Before Interest and Taxes (EBIT) and Return on Sales (RoS)
Earnings Before Interest and Taxes (EBIT) and Return on Sales (RoS)* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (EBIT in millions of EUR, RoS in %) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars EBIT 1,305 851 1,183 460 1,409 1,041 1,584 1
Slide 12: EBIT and RoS from Ongoing Business
EBIT and RoS from Ongoing Business* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (EBIT in millions of EUR, RoS in %) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars EBIT 1,385 851 1,183 460 1,409 1,084 1,614 1,251 +29% 4,206 2,795 +50% RoS 8.
Slide 13: Mercedes-Benz Reconciliation: Special Items affecting EBIT
Special Items affecting EBIT 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2013 2012 2014 2013 2014 2013 2014 2013 2014 2013 Mercedes- Benz Cars Impairment of investments in the area of alternative drive systems -80 - - - - -43 -30 -51 -30 -94 Daimler Truck
Slide 14: Mercedes-Benz Cars Overview
Mercedes-Benz Cars Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Unit sales (units) 423,895 397,464 389,476 341,511 418,685 404,711 431,041 395,446 +9% 1,239,202 1,141,668 +9% Retail sales* (units) 426,088
Slide 15: Mercedes-Benz Cars Unit Sales
Mercedes-Benz Cars Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars 423,895 397,464 389,476 341,511 418,685 404,711 431,041 395,446 +9% 1,239,202 1,141,668 +9% Western Europe 1
Slide 16: Mercedes-Benz Cars Retail Sales
Mercedes-Benz Cars Retail Sales* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Mercedes-Benz Cars 426,088 379,899 397,708 350,530 432,628 395,774 431,690 390,116 +11% 1,262,026 1,136,420 +11% Western Eur
Slide 17: Mercedes-Benz Cars Market Shares
Mercedes-Benz Cars Market Shares* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in %) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change in % pts. in % pts. Western Europe 5.6 5.5 5.3 5.4 5.4 5.6 5.5 5.7 -0.2 5.4 5.6 -0.2 of which Germany 9.7 10.5 9.8 10.4 9.6 10.
Slide 18: Daimler Trucks Overview
Daimler Trucks Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Incoming orders (units) 119,564 108,964 134,014 126,877 124,694 125,791 118,966 125,901 -6% 377,674 378,569 -0% Unit sales (units) 134,550 112,9
Slide 19: Daimler Trucks Unit Sales
Daimler Trucks Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Daimler Trucks 134,550 112,931 108,529 101,433 126,066 123,763 125,556 124,465 +1% 360,151 349,661 +3% Western Europe 22,968 15,722
Slide 20: Daimler Trucks Retail Sales
Daimler Trucks Retail Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Daimler Trucks 141,996 116,903 102,098 100,748 123,795 124,065 119,409 118,448 +1% 345,302 343,261 +1% Western Europe 24,770 16,0
Slide 21: Daimler Trucks Incoming Orders
Daimler Trucks Incoming Orders 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Daimler Trucks 119,564 108,964 134,014 126,877 124,694 125,791 118,966 125,901 -6% 377,674 378,569 -0% Western Europe 9,863 13
Slide 22: Daimler Trucks Market Shares
Daimler Trucks Market Shares* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in %) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change in % pts. in % pts. Trucks Europe / Latin America (Mercedes-Benz) Western Europe MDT/HDT 24.6 22.0 22.0 22.5 26.2 24.0 24.7 24.3 +0
Slide 23: Mercedes-Benz Vans Overview
Mercedes-Benz Vans Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Unit sales (units) 82,771 76,129 61,119 52,623 76,009 69,436 72,207 65,314 +11% 209,335 187,373 +12% Retail sales* (units) 80,163 71,089 53,
Slide 24: Mercedes-Benz Vans Unit Sales
Mercedes-Benz Vans Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Wholesales (in units) 82,771 76,129 61,119 52,623 76,009 69,436 72,207 65,314 +11% 209,335 187,373 +12% Western Europe 54,521 50,909 39,05
Slide 25: Mercedes-Benz Vans Retail Sales and Market Shares
Mercedes-Benz Vans Retail Sales and Market Shares 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Retail sales* (in units) 80,163 71,089 53,906 52,752 68,502 68,631 66,485 66,984 -1% 188,893 188,367 +0% Western Europ
Slide 26: Daimler Buses Overview
Daimler Buses Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Unit sales* (units) 10,110 10,517 6,675 6,033 8,097 7,913 8,619 9,649 -11% 23,391 23,595 -1% Production (units) 8,352 7,935 7,736 7,358 8,855 9,2
Slide 27: Daimler Buses Unit Sales and Market Shares
Daimler Buses Unit Sales and Market Shares 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change Wholesales* (in units) 10,110 10,517 6,675 6,033 8,097 7,913 8,619 9,649 -11% 23,391 23,595 -1% Western Europe 2,992 2,217 1,
Slide 28: Daimler Financial Services Overview
Daimler Financial Services Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2013 2012 2014 2013 2014 2013 2014 2013 Change 2014 2013 Change New business 11,243 10,471 9,838 8,619 11,515 10,292 12,406 10,379 +20% 33,759 29,290 +15% Contract volume (end