Traton Se · XETR:8TRA
Traton — H1 2021 Earnings Presentation
39 slides from Traton's earnings presentation, Jul 28, 2021
Slide 1: Press Call Half-Year Financial Report 2021
Press Call Half-Year Financial Report 2021 Matthias Gründler, CEO | Christian Schulz, CFO Munich, 7-28-2021
Slide 2: Disclaimer
Disclaimer This presentation has been prepared for information purposes only. It does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Volkswagen AG, TRATON SE, or any company of the TRATON GROUP
Slide 3: Your Presenters today
Press Call Half-Year Financial Report 2021 – Your Presenters today Matthias Gründler Christian Schulz Julia Kroeber-Riel Chief Executive Officer Chief Financial Officer Head of Group Communications, Governmental Relations & Sustainability 7-28-2021 Press Call Half-Year Financial Report
Slide 4: Agenda
Agenda 1. Environment 2. Core KPIs H1 2021 3. Our new strategy 4. Q&A 7-28-2021 Press Call Half-Year Financial Report
Slide 5: TRATON GROUP posts records in H1 2021
TRATON GROUP posts records in H1 2021 H1 2021 Business recovery continued, despite a Incoming Orders Unit Sales up two still challenging double to 170,946 thirds to 126,450 environment New strategy with Planned EV charging Successful Closing of focus on sustainability, JV with Daimler Truck Navistar
Slide 6: COVID-19 pandemic still with relevant impact
COVID-19 pandemic still with relevant impact GLOBAL ECONOMY Recovering from the severe impact POLITICAL ENVIRONMENT of COVID-19 pandemic Commercial vehicle industry committed to European Green Deal and decarbonization PEOPLE PLANET PERFORMANCE BUSINESS CLIMATE European truck market continues to COMP
Slide 7: Global economy is recovering from the pandemic setback
Deep dive global economy Global economy is recovering from the pandemic setback Growth expected for 2021, but environment still fragile 6.0% 6.4% 5.4% 6.0% 4.4% 4.5% 3.3% 3.3% 3.4% 1.4% 2.0% 1.7% 1.3% -3.5% -4.9% -6.6% -8.0% -10.2% 2020 2021 2020 2021 2020 2021 World Euro Area US GDP forecasts for 2
Slide 8: Business climate is brightening, market very strong since March
Deep dive business climate Business climate is brightening, market very strong since march Truck registrations (> 16t) in Europe improving1 2017 2018 2019 2020 2021 100 80 60 40 20 0 -20 -40 -60 Monthly European truck registrations (k units) YoY change (in %) 1 ACEA new heavy commercial vehicles (HC
Slide 9: Global CV industry is transforming
Deep dive political environment Global CV industry is transforming SOLVING THE CHICKEN EGG ISSUE Private and public investments in Pan-European high-performance charging infrastructure for battery-electric long- FIT FOR 55-PACKAGE haulage heavy-duty commercial vehicles Bundle of European initiatives
Slide 10: The positive trend continued in 2021
Deep dive company environment The positive trend continued in 2021 INCOMING ORDERS & UNIT SALES (k units) 90 K 90 80 70 66 K 60 50 40 30 20 10 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 18 18 18 18 19 19 19 19 20 20 20 20 21 21 7-28-2021 Press Call Half-Year Financial Report
Slide 11: Agenda
Agenda 1. Environment 2. Core KPIs H1 2021 3. Our new strategy 4. Q&A 7-28-2021 Press Call Half-Year Financial Report
Slide 12: Snapshot TRATON GROUP Core KPIs H1 2021
Deep dive company environment Snapshot TRATON GROUP Core KPIS H1 2021 Trucks and buses (units) H1 2021 H1 2020 Change H1 2021 H1 2020 Change 170,946 87,431 96% 126,450 77,738 63% INCOMING ORDERS UNIT SALES H1 2021 H1 2020 Change H1 2021 H1 2020 Change H1 2021 H1 2020 Change 119,947 6,503 7,249 -10%
Slide 13: Deep Dive Group Core KPIs
Deep dive company environment Deep Dive Group Core KPIS Financial key performance indicators (€ million) H1 2021 H1 2020 Change H1 2021 H1 2020 Change 13,621 10,073 35% 1,128 -220 1,348 SALES REVENUE ADJ. OPERATING RESULT1 H1 2021 H1 2020 Change 8.3 -2.2 10.5 pp ADJ. OPERATING ROS (in %)2 1 H1 2021:
Slide 14: Deep Dive Group Core KPIs: Industrial Business
Deep dive company environment Deep Dive Group Core KPIS Industrial Business (€ million) H1 2021 H1 2020 Change H1 2021 H1 2020 Change 13,404 9,854 36% 1,028 -265 1,293 SALES REVENUE ADJ. OPERATING RESULT1 H1 2021 H1 2020 Change 7.7 -2.7 10.4 pp ADJ. OPERATING ROS (in %)2 1 H1 2021: Operating Result
Slide 15: Deep Dive Group Core KPIs: Industrial Business
Deep dive company environment Deep Dive Group Core KPIS Industrial Business (€ million) H1 2021 H1 2020 Change H1 2021 H1 2020 Change 345 438 -21% 619 558 11% CAPEX1 PRIMARY R&D COSTS H1 2021 H1 2020 Change H1 2021 H1 2020 Change 527 -347 874 578 27 551 NET CASH FLOW NET LIQUIDITY2 1 Capital expendi
Slide 16: Deep Dive Group Core KPIs: Financial Services
Deep dive company environment Deep Dive Group Core KPIS Financial Services (€ million) H1 2021 H1 2020 Change H1 2021 H1 2020 Change 419 413 1% 100 44 55 SALES REVENUE OPERATING RESULT 7-28-2021 Press Call Half-Year Financial Report
Slide 17: Scania Vehicles & Services – Core KPIs
Deep dive company environment Scania Vehicles & Services – Core KPIS Trucks and buses (units) H1 2021 H1 2020 Change H1 2021 H1 2020 Change 75,437 34,273 120% 49,229 30,437 62% INCOMING ORDERS UNIT SALES H1 2021 H1 2020 Change H1 2021 H1 2020 Change 47,272 27,655 71% 1,957 2,782 -30% OF WHICH TRUCKS
Slide 18: Scania Vehicles & Services – Core KPIs
Deep dive company environment Scania Vehicles & Services – Core KPIS Financial key perfomance indicators (€ million) H1 2021 H1 2020 Change H1 2021 H1 2020 Change 7,155 5,269 36% 860 221 639 SALES REVENUE OPERATING RESULT H1 2021 H1 2020 Change 12.0 4.2 7.8 pp OPERATING ROS (in %) 7-28-2021 Press Ca
Slide 19: MAN Truck & Bus – Core KPIs
Deep dive company environment MAN Truck & Bus – Core KPIS Trucks and buses (units) H1 2021 H1 2020 Change H1 2021 H1 2020 Change 67,414 38,192 77% 47,317 31,662 49% INCOMING ORDERS UNIT SALES H1 2021 H1 2020 Change H1 2021 H1 2020 Change 45,503 29,531 54% 1,814 2,131 -15% OF WHICH TRUCKS1 OF WHICH B
Slide 20: MAN Truck & Bus – Core KPIs
Deep dive company environment MAN Truck & Bus – Core KPIS Financial key perfomance indicators (€ million) H1 2021 H1 2020 Change H1 2021 H1 2020 Change 5,408 4,079 33% 179 -387 567 SALES REVENUE ADJ. OPERATING RESULT H1 2021 H1 2020 Change 3.3 -9.5 12.8 pp ADJ. OPERATING ROS (in %) 1 H1 2021: Operat
Slide 21: Volkswagen Caminhões e Ônibus – Core KPIs
Deep dive company environment Volkswagen Caminhões e Ônibus – Core KPIS Trucks and buses (units) H1 2021 H1 2020 Change H1 2021 H1 2020 Change 28,129 15,175 85% 30,011 15,887 89% INCOMING ORDERS UNIT SALES H1 2021 H1 2020 Change H1 2021 H1 2020 Change 27,278 13,540 101% 2,733 2,347 16% OF WHICH TRUC
Slide 22: Volkswagen Caminhões e Ônibus – Core KPIs
Deep dive company environment Volkswagen Caminhões e Ônibus – Core KPIS Financial key perfomance indicators (€ million) H1 2021 H1 2020 Change H1 2021 H1 2020 Change 1,021 612 67% 77 -10 88 SALES REVENUE OPERATING RESULT H1 2021 H1 2020 Change 7.6 -1.7 9.3 pp OPERATING ROS (in %) 7-28-2021 Press Cal
Slide 23: Positive truck market outlook, depending on COVID-19 development
Deep dive company environment Positive truck market outlook, depending on COVID-19 development Truck market (˃ 6t, k units) 376 Market expectations2 273 341 EU27+31 300 2021e +10% to +25% 2009 2011 2013 2015 2017 2019 2021e Market expectations2 144 180 129 AMERICA 141 SOUTH 2021e +10% to +40% 2009 2
Slide 24: Outlook 2021: Recovery after strong decline
Deep dive company environment Outlook 2021: Recovery after strong decline TRATON GROUP Core KPIs FY 2019 FY 2020 2021 Outlook1 FY 2019 FY 2020 2021 Outlook1 242.2 k 190.2 k €26.9 bn €22.6 bn Sharp Substantial increase increase + 4% -21% + 4% -16% UNIT SALES SALES REVENUE FY 2019 FY 2020 2021 Outlook
Slide 25: Agenda
Agenda 1. Environment 2. Core KPIs H1 2021 3. Our new strategy 4. Q&A 7-28-2021 Press Call Half-Year Financial Report
Slide 26: Our new strategy guides our path towards the future
Our new strategy guides our path towards the future . Responsible TRATON Company Accelerated! Value Creation 7-28-2021 Press Call Half-Year Financial Report
Slide 27: We set clear priorities with our new strategy
We set clear priorities with our new strategy Responsible Company Value Creation TRATON Accelerated! Make responsible behavior a top Focus on sustainable value creation Shape our role in the future priority in everything we do for our stakeholders logistics ecosystem Decarbonization & Performance-dr
Slide 28: What being a responsible company means for TRATON
Responsible company What being a responsible company means for TRATON E S G DECARBONIZATION & PEOPLE & GOVERNANCE & CIRCULARITY PLURALISM ETHICS Creating solutions which optimize carbon Capturing the pluralism of skills, Enabling transparent, risk-oriented dioxide emissions and resource knowhow, and
Slide 29: Decarbonization already on the way
Responsible company Decarbonization already on the way Scania electric truck (25 P BEV) MAN electric bus (Lion´s City E) VWCO electric truck (eDelivery) IC Bus (CE Series) Scania publishes life cycle MAN eMobility Center Launch VWCO e-Delivery IC Bus commitment to assessment of BEV opened electrific
Slide 30: Electrification has already started
Responsible company Electrification has already started Order intake and unit sales of fully electric vehicles, H1 2021 Units Order Intake Unit Sales TRATON GROUP 628 497 Trucks (incl. MAN TGE) 529 463 Trucks Scania 75 11 1,600 pre-orders Ambev1 Scania electric truck MAN electric bus VWCO electric t
Slide 31: Navistar at a glance
Value creation Navistar at a glance Source: Company information, figures for FY 2020 as of October 31, 2020 / for FY 2019 as of October 31, 2019. 1 Adjusted EBIT: Calculated as adjusted EBITDA – depreciation and amortization. 2 Includes Love’s Travel Stop and Speedco service partner locations in Nor
Slide 32: Our ambition: Strengthen Navistar to regain market share
Value creation Our ambition: Strengthen Navistar to regain market share HDT market share development over time (combined class 8) Historical market shares Potential Financial MaxxForce engine issues crisis 26% 13% 2009 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2025 7-28-2021 Press Call Half-Year
Slide 33: Business opportunities and challenges
Value creation Multiple opportunities for value creation Navistar is set for growth and expansion after a journey of recovery and learnings Expand beyond the core Grow the Core • Restructure for success • Increase dealer sales Business opportunities and challenges • Reposition brand through uptime a
Slide 34: China is one of the most important profit pools
TRATON Accelerated! China is one of the most important profit pools 1.6mn trucks sold in 2020 World’s largest single market for CV Generates about 40% of global sales Scania will be first Western truck manufacturer with fully independent production in China 7-28-2021 Press Call Half-Year Financial R
Slide 35: LOOM acquisition to accelerate TRATON's digital business
TRATON Accelerated! LOOM acquisition to accelerate TRATON’s digital business 1 Close RIO’s portfolio gap regarding carrier TMS & OMS1 2 Boost understanding for freight forwarder operations 3 Increase of RIO’s delivery engine (“acqui-hire”) 1 TMS (Transport Management System), OMS (Order Management S
Slide 36: High performance charging network for Europe
TRATON Accelerated! High performance charging network for Europe >1,700 Public charging stations Memorandum of Understanding signed 500 Mio EUR Pioneer high-performance public charging network for battery electric heavy-duty long-haul trucks and Invest coaches across Europe planned Accelerate the bu
Slide 37: Agenda
Agenda 1. Environment 2. Core KPIs H1 2021 3. Our new strategy 4. Q&A 7-28-2021 Press Call Half-Year Financial Report
Slide 38: Contacts Corporate Communications
Contacts Corporate Communications Julia Kroeber-Riel Sacha Klingner Matthias Karpstein Head of Group Communications, Head of Corporate Business Media Relations Governmental Relations & Communications Sustainability julia.kroeber-riel@traton.com sacha.klingner@traton.com matthias.karpstein@traton.com
Slide 39: Press Call Half-Year Financial Report 2021
Press Call Half-Year Financial Report 2021 Matthias Gründler, CEO | Christian Schulz, CFO Munich, 7-28-2021