Mercedes-Benz Group AG · XETR:MBG
Mercedes-Benz — Daimler — Q3 2019 Earnings Presentation
28 slides from Mercedes-Benz's earnings presentation, Oct 24, 2019
Slide 1: Fact Sheet for Q3 and January-September 2019
Fact Sheet for Q3 and January-September 2019 October 24, 2019
Slide 2: Contents
Contents Daimler Group Stock Market Information 3 Earnings and Financial Situation 4 - 12 Information for Divisions Mercedes-Benz Cars 13 - 16 Daimler Trucks 17 - 21 Mercedes-Benz Vans 22 - 24 Daimler Buses 25 - 26 Daimler Mobility 27 YOUR NOW Joint Ventures 28 2
Slide 3: Stock Market Information
Stock Market Information 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Earnings per share* (in EUR) basic 1.46 2.93 1.96 2.12 -1.24 1.61 1.61 1.58 +2% 2.32 5.32 -56% diluted 1.46 2.93 1.96 2.12 -1.24 1.61 1.61 1.58
Slide 4: Key Figures and Ratios
Key Figures and Ratios 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Unit Sales (in units) 917,756 873,040 773,796 806,905 821,666 833,005 839,326 794,749 +6% 2,434,788 2,434,659 +0% Revenue* 4
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) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change 1) Net liquidity at the beginning of the period 13,499 20,832 13,054* 16,597 11,346 18,
Slide 6: Liquidity
Liquidity 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter End of (in millions of EUR) 2018 2017 2019 2018 2019 2018 2019 2018 Change Q3 2019 2018 Change Group liquidity Cash and cash equivalents 15,853 12,072 16,598 14,058 12,519 14,334 16,989 15,014 +13% 16,989 15,853 +7% 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) 2018 2017 2019 2018 2019 2018 2019 2018 Change Q3 2019 2018 Change Pension benefits Benefit obligations -31.7 -31.7 -33.5 -31.5 -35.6 -31.7 -37.9 -31.4 . -37.9 -31.7 . Plan assets 25.5 27.2 2
Slide 8: Unit Sales
Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Mercedes-Benz Cars 638,263 613,026 555,312 594,299 575,639 590,690 604,655 559,539 +8% 1,735,606 1,744,528 -1% Daimler Trucks 143,524 133,711 115,
Slide 9: Production Volume
Production Volume 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Mercedes-Benz Cars 556,415 587,020 614,094 608,071 588,250 601,343 655,411 632,441 +4% 1,857,755 1,841,855 +1% Daimler Trucks 133,912 122,1
Slide 10: Revenue
Revenue* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Mercedes-Benz Cars 25,858 24,905 21,200 22,998 22,293 22,575 23,525 21,672 +9% 67,018 67,245 -0% Daimler Trucks 10,424 9,564 9,546 8,619 1
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 %) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Mercedes-Benz Cars EBIT 1,883 2,375 1,298 2,060 -672 1,901 1,42
Slide 12: Disclosed Items Affecting EBIT
Disclosed Items Affecting EBIT 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2018 2017 2019 2018 2019 2018 2019 2018 2019 2018 Expenses for voluntary service activities and a specific vehicle recall - 28 - - - - - - - - Remeasurement of investment in Aston
Slide 13: Mercedes-Benz Cars Overview
Mercedes-Benz Cars Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Unit sales (units) 638,263 613,026 555,312 594,299 575,639 590,690 604,655 559,539 +8% 1,735,606 1,744,528 -1% Retail sales (units) 627,601
Slide 14: Mercedes-Benz Cars Unit Sales
Mercedes-Benz Cars Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Mercedes-Benz Cars 638,263 613,026 555,312 594,299 575,639 590,690 604,655 559,539 +8% 1,735,606 1,744,528 -1% Europe 264,755 2
Slide 15: Mercedes-Benz Cars Retail Sales
Mercedes-Benz Cars Retail Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Mercedes-Benz Cars 627,601 606,503 587,921 625,030 607,126 629,462 617,972 556,979 +11% 1,813,019 1,811,471 +0% Europe 270,02
Slide 16: Mercedes-Benz Cars Market Shares
Mercedes-Benz Cars Market Shares* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in %) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change in % pts. in % pts. European Union 7.5 6.3 6.2 5.9 6.4 5.8 7.0 5.6 +1.4 6.5 5.8 +0.7 of which Germany 12.5 10.3 10.1 10.0 9.9 9
Slide 17: Daimler Trucks Overview
Daimler Trucks Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Incoming orders (units) 132,346 145,811 101,376 183,761 96,190 143,963 91,974 129,330 -29% 289,540 457,054 -37% Unit sales (units) 143,524 133,7
Slide 18: Daimler Trucks Unit Sales
Daimler Trucks Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Daimler Trucks 143,524 133,711 115,920 113,846 126,474 123,910 125,382 136,055 -8% 367,776 373,811 -2% EU30* 25,206 23,611 18,967 1
Slide 19: Daimler Trucks Retail Sales
Daimler Trucks Retail Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Daimler Trucks 147,616 138,499 115,024 112,222 121,748 123,260 123,334 124,927 -1% 360,106 360,409 -0% EU30* 25,104 24,000 18,679
Slide 20: Daimler Trucks Incoming Orders
Daimler Trucks Incoming Orders 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in units) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Daimler Trucks 132,346 145,811 101,376 183,761 96,190 143,963 91,974 129,330 -29% 289,540 457,054 -37% EU30* 29,039 22,887 20,
Slide 21: Daimler Trucks Market Shares
Daimler Trucks Market Shares* 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in %) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change in % pts. in % pts. Trucks Europe / Latin America (Mercedes-Benz) EU30** HDT/MDT 21.6 21.2 19.6 18.3 19.2 19.8 20.1 21.4 -1.3 19.6
Slide 22: Mercedes-Benz Vans Overview
Mercedes-Benz Vans Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Unit sales (units) 126,088 117,748 97,038 93,016 111,118 110,883 100,332 91,414 +10% 308,488 295,313 +4% Retail sales (units) 103,142 96,756
Slide 23: Mercedes-Benz Vans Unit Sales
Mercedes-Benz Vans Unit Sales 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Wholesales (in units) 126,088 117,748 97,038 93,016 111,118 110,883 100,332 91,414 +10% 308,488 295,313 +4% EU30* 89,514 83,435 66,557 60,
Slide 24: 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 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Retail sales (in units) 103,142 96,756 75,871 74,194 93,407 84,606 86,261 72,130 +20% 255,539 230,930 +11% EU30* 74,11
Slide 25: Daimler Buses Overview
Daimler Buses Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Unit sales* (units) 9,881 8,555 5,526 5,744 8,435 7,522 8,957 7,741 +16% 22,918 21,007 +9% Production (units) 7,182 6,873 6,972 6,924 8,670 8,620
Slide 26: Daimler Buses Unit Sales and Market Shares
Daimler Buses Unit Sales and Market Shares 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Wholesales* (in units) 9,881 8,555 5,526 5,744 8,435 7,522 8,957 7,741 +16% 22,918 21,007 +9% EU30** 3,588 3,229 919 1,367 2,
Slide 27: Daimler Mobility Overview
Daimler Mobility Overview 4th Quarter 1st Quarter 2nd Quarter 3rd Quarter January - September (in millions of EUR) 2018 2017 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change New business 19,112 18,547 17,324 17,861 18,363 18,341 18,279 16,613 +10% 53,966 52,815 +2% Contract volume (end of perio
Slide 28: YOUR NOW Joint Ventures - The Mobility Powerhouse
YOUR NOW Joint Ventures - The Mobility Powerhouse Overview 1st Quarter 2nd Quarter 3rd Quarter January - September 2019 2018 2019 2018 2019 2018 Change 2019 2018 Change Interactions total (in millions) 124.7 n/a 143.7 n/a 152.6 n/a . 420.9 n/a . FREE NOW 53.2 n/a 68.8 n/a 76.5 n/a . 198.5 n/a . SHAR