Mercedes-benz Group Ag · XETR:MBG
Mercedes-benz — Debt Investor Presentation (2024)
80 slides from Mercedes-benz's debt investor presentation, 2024
Slide 1: Fixed Income Presentation Q3 2024 Mercedes-Benz Group AG
Fixed Income Presentation Q3 2024 Mercedes-Benz Group AG
Slide 2: Agenda
AGENDA I. Mercedes-Benz Group Review Q3 2024 II. Divisional Review Q3 2024 III. Outlook FY 2024 IV. Funding V. Sustainability VI. Luxury VII. Automated Driving & Operating System Fixed Income Presentation Q3 2024 2
Slide 3: Mercedes-Benz Group: Key messages
Mercedes-Benz Group: Key messages Sales: Solid sales for Cars and Vans. Cars mix soft amidst subdued environment, particularly in China. Products: World premieres of the Mercedes-Maybach SL Monogram series and AMG GT special editions. VAN.EA prototypes on the roads. Profitability: Cars weak. Vans ve
Slide 4: Mercedes-Benz Group: Key figures
Mercedes-Benz Group: Key figures Revenue* EBIT Earnings per share Free Cash Flow (IB) Net Industrial Liquidity in billion euros in billion euros in euros in billion euros in billion euros +2% -7% -48% -48% -9% 37.0 4.8 3.44 2.3 2.4 31.7 34.5 28.7 2.5 1.81 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2
Slide 5: Mercedes-Benz Group: EBIT
Mercedes-Benz Group: EBIT In million euros 4,842 73 4,915 2,537 2,517 -2,150 -115 -78 -35 -20 • Legal proceedings -20 • Legal proceedings +73 EBIT EBIT EBIT Mercedes-Benz Mercedes-Benz Mercedes-Benz EBIT Adjustments adjusted Reconciliation adjusted Adjustments Q3 2023 Cars Vans Mobility Q3 2024 Q3 2
Slide 6: Reconciliation from CFBIT to Free Cash Flow
Mercedes-Benz Group: Reconciliation from CFBIT to Free Cash Flow In million euros 893 2,412 65 2,394 56 2,450 46 -971 -51 • Legal proceedings +56 Free cash flow Other Free cash flow Mercedes-Benz Mercedes-Benz Income taxes Interest Effects from (industrial reconciling (industrial Adjustments Cars Va
Slide 7: Mercedes-Benz Group: Net Industrial Liquidity
Mercedes-Benz Group: Net Industrial Liquidity In billion euros 1.6 1.0 0.1 1.9 28.0 28.7 -2.2 -1.2 -0.5 Free cash flow industrial business Q3 2024: € 2.4 billion Additions to Net Industrial Earnings and Depreciation and Investments in Net Industrial Working capital property, plant, Liquidity other c
Slide 8: Mercedes-Benz Group: Gross Liquidity
Mercedes-Benz Group: Gross Liquidity inbillion In billions euros of EUR MBM Industrial Business 22.8 -5.7 14.5 -0.1 21.0 3.8 0.8 -4.2 6.3 2.9 -4.3 7.1 -10.3 -6.0 19.1 18.1 Liquidity Dividend Share IB MBM Other ABS New Bond New FX + Other Liquidity Dec 2023 Payment Buyback FCF FCF Debt Maturities ABS
Slide 9: Financial flexibility over a 12-month period Q3 2024
Mercedes-Benz Group: Financial flexibility over a 12-month period Q3 2024 in billions of EUR 49 ABS potential Daimler Truck Other incl. stake 31 Gross industrial liquidity at €18.1 billion Fin. Lease Commercial Credit facility paper Financial flexibility supported by €11 billion revolving credit fac
Slide 10: Agenda
AGENDA I. Mercedes-Benz Group Review Q3 2024 II. Divisional Review Q3 2024 III. Outlook FY 2024 IV. Funding V. Sustainability VI. Luxury VII. Automated Driving & Operating System Fixed Income Presentation Q3 2024 10
Slide 11: Mercedes-Benz Cars: Top-End and electric vehicle unit sales
Mercedes-Benz Cars: Top-End and electric vehicle unit sales In thousand units -1% 511 504 Top-End 70 62 -12% -15% 70* 102 10 62* 87 7 9 G 5 Maybach Core 290 301 62 30 43 BEV** 32 AMG thereof S 36 EQS 41 45 PHEV Entry ** 151 141 26 GLS EQS SUV Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Total MB
Slide 12: Mercedes-Benz Cars: Financials
Mercedes-Benz Cars: Financials Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in billion euros in billion euros -1% -6% -64% 510.6 503.6 27.1 3.4 25.6 +11% 2.4 2.2 1.2 74.6* -10% 66.8* Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 * ASP in thousand euros excl
Slide 13: Mercedes-Benz Cars: EBIT & RoS
Mercedes-Benz Cars: EBIT & RoS In million euros Gross Profit -1,583 3,312 45 3,357 106 13 RoS: RoS: -29 -1,561 -35 12.2% 12.4% -159 Operational efficiencies in procurement and production 1,207 1,198 Unfavorable product- and market-mix -485 -9 Negative net pricing effect incl. support measures BEV st
Slide 14: Mercedes-Benz Cars: EBIT to CFBIT
Mercedes-Benz Cars: EBIT to CFBIT In million euros 1,047 2,412 25 2,437 117 436 1,488 1,198 CCR: CCR: 2.0 2.0 t/o • Inventories -283 t/o • Trade Payable +331 • Result at-Equity BBAC -313 • Legal proceedings 25 • Trade receivables +388 -1,874 Net investments Depreciation and CFBIT EBIT Change in work
Slide 15: Mercedes-Benz Vans: Electric vehicle unit sales
Mercedes-Benz Vans: Electric vehicle unit sales In thousand units -13% 105 -31% 6.3 91 4.4 thereof BEV thereof Q3 2023 Q3 2024 Q3 2023 Q3 2024 Total MB Vans Electric vehicles Share in % of volume 6% 5% Fixed Income Presentation Q3 2024 15
Slide 16: Mercedes-Benz Vans: Financials
Mercedes-Benz Vans: Financials Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in million euros in million euros -13% -6% -15% -11% 105.1 4.9 743 1,035 4.7 91.1 923 628 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Fixed Income Presentation Q3 2024 16
Slide 17: Mercedes-Benz Vans: EBIT & RoS
Mercedes-Benz Vans: EBIT & RoS In million euros Gross Profit -93 28 743 715 18 25 4 32 628 618 -90 -35 -69 -10 RoS: RoS: 14.5% 15.0% RoS: RoS: Healthy mix supported by improved product substance 13.5% 13.3% Reduced expenses for product related measures Lower unit sales • Legal proceedings +28 Unfavo
Slide 18: Mercedes-Benz Vans: EBIT to CFBIT
Mercedes-Benz Vans: EBIT to CFBIT In million euros 505 31 131 893 30 923 -10 -382 618 CCR: CCR: 1.4 1.5 t/o • New vehicle stock +211 • Legal proceedings +30 • Trade payable +184 • Trade receivables +113 Net investments Depreciation and CFBIT EBIT Change in working Net financial CFBIT in pp&e and amo
Slide 19: Mercedes-Benz Mobility: Financials
Mercedes-Benz Mobility: Financials New Business Contract Volume EBIT adj. in billion euros in billion euros in million euros -6% -1% -21% 15.2 135.7 134.3 363 14.2 285 Q3 2023 Q3 2024 06/30/2024 09/30/2024 Q3 2023 Q3 2024 Fixed Income Presentation Q3 2024 19
Slide 20: Mercedes-Benz Mobility: EBIT & RoE
Mercedes-Benz Mobility: EBIT & RoE In million euros 15 363 0 363 -4 29 285 0 285 9 25 -152 RoE: RoE: 10.4% 10.4% RoE: RoE: 8.9% 8.9% COCR and others driven by positive one-time effects Efficiency measures leading to cost improvements Interest margin impacted by interest rate development in competiti
Slide 21: Mercedes-Benz Mobility: Net credit losses
Mercedes-Benz Mobility: Net credit losses* 0.89% 0.83% 0.43% 0.37% 0.34% 0.33% 0.40% 0.31% 0.31% 0.26% 0.26% 0.24% 0.21% 0.21% 0.29% 0.20% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 YTD 2024 * As percentage of portfolio, subject to credit risk. Fixed Income Presentati
Slide 22: Agenda
AGENDA I. Mercedes-Benz Group Review Q3 2024 II. Divisional Review Q3 2024 III. Outlook FY 2024 IV. Funding V. Sustainability VI. Luxury VII. Automated Driving & Operating System Fixed Income Presentation Q3 2024 22
Slide 23: Mercedes-Benz Divisional Guidance 2024
Mercedes-Benz Divisional Guidance 2024 ASSUMPTION The assumptions regarding the economic situation and the development of automotive markets continue to be characterized by a degree of uncertainty. In addition to unexpected macroeconomic developments, uncertainties for the global economy and the bus
Slide 24: Mercedes-Benz Group Guidance 2024
Mercedes-Benz Group Guidance 2024 ASSUMPTION The assumptions regarding the economic situation and the development of automotive markets continue to be characterized by a degree of uncertainty. In addition to unexpected macroeconomic developments, uncertainties for the global economy and the business
Slide 25: Group/Divisional Guidance Ranges
Mercedes-Benz Group/Divisional Guidance Ranges* Specification/ Significantly Slightly below At prior-year Slightly above Significantly KPI below level above Revenue/ X < -7.5% -7.5% ≤ X < -2% -2% ≤ X ≤ +2% +2% < X ≤ +7.5% X > +7.5% Unit Sales EBIT (Group) X < -15% -15% ≤ X <-5% -5% ≤ X ≤ +5% +5% < X
Slide 26: Agenda
AGENDA I. Mercedes-Benz Group Review Q3 2024 II. Divisional Review Q3 2024 III. Outlook FY 2024 IV. Funding V. Sustainability VI. Luxury VII. Automated Driving & Operating System Fixed Income Presentation Q3 2024 26
Slide 27: Our funding strategy is built on strict principles
Our funding strategy is built on strict principles Targeting Financial Maximizing Financial Stringent Global Independence Flexibility Funding Policy No dependence from single Keeping prudent amount of Liquidity matched funding markets, instruments, banks or Cash and Committed Credit investors Facili
Slide 28: Portfolio at Mercedes-Benz Mobility remained stable compared to 2023
Portfolio at Mercedes-Benz Mobility remained stable compared to 2023 Wholesale 163 154 151 Loan 140 133 134 132 135 134 117 Lease 99 Portfolio (in bn €) Others 72 74 71 68 62 64 62 MB Vans 58 58 48 43 Acquisitions (in bn €) MB Cars 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 YTD Sep 2024 Fixed
Slide 29: Mobility business with stringent credit management and solid refinancing
Mercedes-Benz Mobility business with stringent credit management and solid refinancing Net credit losses as a percentage of portfolio, subject to credit risk Net credit losses are impacted by the ongoing tense 0.40 risk situation in the consumer segment in the US 0.31 0.31 0.33 0.29 0.26 market. 0.2
Slide 30: Well balanced bond maturity profile
Well balanced bond maturity profile in billions of EUR as of September 30 th,2024 Issued in 2024 13.9 Maturities 11.4 3.9 0.0 10.3 5.7 11.4 9.9 4.3 4.2 4.5 3.9 0.1 1.2 1.7 1.9 4.6 1.7 1.6 3.8 1.3 2.6 3.1 0.9 1.1 0.9 0.5 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2037 Fixed Income Present
Slide 31: Financing liabilities show a diversified funding mix
Financing liabilities show a diversified funding mix in billions of EUR Lease Liabilities Acc. Deposits Other (ex Lease Liab.) Bank Loans Com. Paper Bonds ABS 146 3% 11% 1% 126 2% 0% 1% 10% 0% 112 2% 109 2% 110 2% 15% 1% 1% 0% 11% 15% 2% 3% 4% 22% 14% 15% 9% 5% 1% 19% 23% 22% 22% 53% 53% 54% 48% 51%
Slide 32: Balanced mix of funding instruments to ensure sustainable portfolio growth
To ensure sustainable portfolio growth, we mitigate risk and volatility through a balanced mix of funding instruments Capital Markets Strengthen our global footprint and use market opportunities Deepen our excellent Other Lease Liabilities Bank Loans bank relationships 0% Bank loans Globally expand
Slide 33: Diversified global funding base matched with MBM requirements
Diversified global funding base: continuously matched with MBM requirements Canada EMTN Domestic Bonds CP Prog. Europe ABS EMTN Program Japan EUR CP Program Domestic CP Prog. USA Italy & Hungary: China EMTN 144a / RegS PP - Domestic Bonds Turkey ABS Domestic Bond Prog. EMTN ABS Domestic Bond Prog. A
Slide 34: Group's financial KPIs set to support a strong rating
Mercedes-Benz Group’s financial KPIs set to support a strong rating Agency Long-term Outlook Short-term S&P: A stable A-1 Moody’s: A2 stable P-1 Current Credit Ratings DBRS: A stable R-1 (low) Scope: A+ stable S-1+ Fixed Income Presentation Q3 2024 34
Slide 35: Funded Ratio of pension obligations at approximately 104%
Funded Ratio of pension obligations at approximately 104% Daimler Group Mercedes-Benz Group (excl. Truck) 14 11.5 12 10 7.8 8.1 Solid capital 7.4 structure: on a net in EUR bn 8 5.9 6 4.5 4.3 4.3 4 3.1 1.9 2.4 3.7 basis, no more 1.5 2 0.5 0.5 0.6 0.5 0.1 0.0 pension provisions 0 -2 -0.1 -0.1 -0.9 si
Slide 36: Agenda
AGENDA I. Mercedes-Benz Group Review Q3 2024 II. Divisional Review Q3 2024 III. Outlook FY 2024 IV. Funding V. Sustainability VI. Luxury VII. Automated Driving & Operating System Fixed Income Presentation Q3 2024 36
Slide 37: Electrification has four dimensions
Electrification has four dimensions EV EFFICIENCY EV OFF-ROAD EV PERFORMANCE EV NEXT LEVEL Fixed Income Presentation Q3 2024 37
Slide 38: The pace of the transformation is set by customers and market conditions
The pace of the transformation is set by customers and market conditions We will be able to cater to different customer needs until well into the 2030s as high as 50 % expected xEV* share of new vehicles at Mercedes- Benz Cars in 2nd half of this decade -20 % Investments targeted vs. 2019 in 2nd hal
Slide 39: Our sustainable business strategy Ambition 2039
Our sustainable business strategy “Ambition 2039” goes far beyond our products Production: The ambition for all Mercedes-Benz production plants Sourcing: ~60% of critical raw Retail: aim for net-carbon Closing the loop: opening worldwide is to run 100 percent material assessment process neutrality*
Slide 40: Ambition 2039 - Our commitment to net carbon-neutrality
Ambition 2039 - Our commitment to net carbon-neutrality1 Supply chain Production & logistics Well-to-tank Tank-to-wheel End-of-life SBTi2 SBTi2 SBTi2 2020: 49.7 t CO2 emissions per vehicle, Mercedes-Benz Cars3 2023: 46.3 t CO2 emissions per vehicle, Mercedes-Benz Cars3 2039: Net carbon-neutral fleet
Slide 41: MMA FAMILY integrates technology from VISION EQXX
MMA FAMILY integrates technology from VISION EQXX — the most efficient Mercedes we have ever built Mercedes-Benz Electric Drive Unit (MB.EDU) with up to 93 % efficiency Consumption of ~12 kWh/100 km 15 min charging delivers Range of more than 800 V system enables up to 750 km* 300 kW up to 400 km ra
Slide 42: Fast, convenient, and reliable charging solutions
We want to ease the life of our customers with fast, convenient, and reliable charging solutions Global Joint Ventures MB branded HPC network Adding more options EU: >3,300 HPC plugs built >10,000* HPC plugs across Access to superchargers in North China: >7,000* HPC plugs by 2026 our key markets by
Slide 43: Mitigating transformation risks - optimising our footprint
Mitigating transformation risks - optimising our footprint CAPACITY TRANSFORMATION FLEXIBILITY Structural adjustment and realignment Rightsizing industrial footprint, e.g. Jawor: Maximum flexibility with xEVs* and combustion of production capacity and volume, transformation from powertrain into van
Slide 44: Mitigating transformation risks - optimising our cost base
Mitigating transformation risks - optimising our cost base SCALE BATTERIES PROCUREMENT Future all-electric architectures designed in > 30 % reduction in €/kWh battery cost Targeting the reduction of material a way to use common components and possible in the coming years, while improving costs in th
Slide 45: EU Taxonomy-aligned shares
EU Taxonomy-aligned shares1 - Taxonomy reporting demonstrates progress towards carbon neutrality REVENUES CAPITAL EXPENDITURES 2 OPERATING EXPENSES + 29% € 5.2BN + 40% € 4.0BN € 2.3BN € 2.3BN € 21BN € 15BN 35% 32% 14% 10% 24% 7% >40% capitalised R&D CapEx intang. Assets4 54% | € 1.9bn + 47% € 2.8bn
Slide 46: Expanding activities in battery cells and systems with partners
Together with our partners, we will expand our activities in battery cells and systems Local-for-local strategy with partners and new cell factories around the world Envision AESC CATL ACC Fixed Income Presentation Q3 2024 46
Slide 47: Mercedes-Benz tests Factorial solid-state battery cells
Mercedes-Benz tests Factorial solid-state battery cells: Breakthrough in battery technology innovation to advance EV safety and performance Developed in partnership: all-solid-state battery Solstice High energy density Significant increase in EV range More sustainable, energy-efficient, and cost-eff
Slide 48: We are addressing the battery cost challenge
We are addressing the battery cost challenge >30% possible €/kWh battery cost reduction in coming years – while improving efficiency & charging time ▸ Optimised cell and module design ▸ Improved vehicle integration ▸ Further development of NMC and next gen LFP ▸ Cell updates during lifecycle ▸ Conti
Slide 49: Carbon reduction & renewable energy expansion at Mercedes-Benz Cars
Carbon reduction & renewable energy expansion at Mercedes-Benz Cars; net carbon-neutral production since 20221,2 CO2 emissions3 -7 2 % -80 % ZERO Renewable energy 47 % 70 % 100 % 2023 2030 2039 1 All production plants operated by the Mercedes-Benz Group have been net carbon-neutral in terms of Scope
Slide 50: Renewable power for Germany electricity demand
Mercedes-Benz Group intends to cover more than 50% of its total electricity demand in Germany from new solar and wind power plants PHOTOVOLTAIC W I N D PA R K PA P E N B U R G W I N D PA R K W I N D A N K E R 20 wind turbines Power Purchase with a capacity of Agreement (PPA) up to around securing 14
Slide 51: Establishing a net carbon-neutral supply chain
We are establishing a net carbon-neutral* supply chain STEEL ALUMINIUM 1/3 of primary aluminium for next BEV models in EU using electricity from renewable sources CARBON FOOTPRINT for electrolysis – goal is to extend to all aluminium sourced for our R E D U C T I ON B Y 4 0 % foundry in Mettingen (G
Slide 52: Battery recycling factory in Kuppenheim
Closing the loop with our net carbon-neutral* battery recycling factory in Kuppenheim Goal: More than 96% recovery rate Integrated mechanical- hydrometallurgical process Annual Recycling Recovered materials feed into capacity of more than the production of more than Recycling of lithium-ion batterie
Slide 53: Sustainable people plan focuses on a just transition
Our sustainable people plan focuses on a just transition for our employees Re-shape Target pictures of locations and entities Becoming a lean, resilient, agile and innovative Hiring for our future Streamlining our organisation company in a responsible way >2 bn 2.3 mn ~ 142.000 Re-skill Cultivating
Slide 54: We finance our transformation in a sustainable manner
We finance our transformation in a sustainable manner G R E E N F I N A N C E F R A M E W O RK GREEN PANDA BOND In line with Ambition 2039 First automaker to issue a Green Panda Bond “DARK GREEN” by CICERO Green Finance regional footprint expanded Green Mercedes-Benz Mobility assets and Green ABS Ne
Slide 55: Group ESG ratings performance
Mercedes-Benz Group ESG ratings performance 2019 2020 2021 2022 2023 Improvements at MSCI and Sustainalytics since 2019 MSCI BBB BBB A A A Upgrade at Sustainalytics to SUSTAINALYTICS medium risk low risk low risk in October 2023 27.1 25.6 22.1 20.9 19.6 ISS ESG C+ C+ C+ C+ C+ Maintained high level a
Slide 56: Agenda
AGENDA I. Mercedes-Benz Group Review Q3 2024 II. Divisional Review Q3 2024 III. Outlook FY 2024 IV. Funding V. Sustainability VI. Luxury VII. Automated Driving & Operating System Fixed Income Presentation Q3 2024 56
Slide 57: The original and most valuable luxury car brand
Mercedes-Benz – The original and most valuable luxury car brand Heritage: Formula 1: Mercedes-Benz is built on constant reinvention The power of F1 for our brand 1.5 bn 70.5 mn cumulative TV viewers 2 social media followers 2 $59 bn Mercedes-Benz brand value 2024 1 1 Interbrand: Best Global Brands 2
Slide 58: We elevate our physical brand experience with unique Mercedes moments
We elevate our physical brand experience with unique “Mercedes moments” “The Mercedes-Benz Way” New retail brand concept Brand center network Customer Experience Training Customer experience with new Global expansion to ensure highly completed by end of 2024 in 33 markets. look and feel already visi
Slide 59: The new Mercedes-Maybach SL Monogram Series
The new Mercedes-Maybach SL Monogram Series, for the ultimate open-air experience The Mercedes-Maybach SL 680 Monogram Series* is the sportiest model in the Maybach brand’s history Two curated design concepts “Red Ambience” and “White Ambience” at market launch Chrome fin and upright star on the bon
Slide 60: Mercedes-AMG GT 63 PRO 4MATIC+ Motorsport Collectors Edition
Limited and highly exclusive: Mercedes-AMG GT 63 PRO 4MATIC+ “Motorsport Collectors Edition” Aimed at car enthusiasts and collectors who are looking for a particularly sporty driving experience and are Formula 1 fans Special model limited to 200 units Exclusive paintwork with star pattern and PETRON
Slide 61: Reshaped model portfolio will drive profitable sales growth
Reshaped model portfolio will drive profitable sales growth Change of Mercedes-Benz segment share in 2.3 m cars 2.0 m cars Car Sales 2026 vs. 2019 Around Top-End 328k units +60% Average ASP >100k € Core 0% Entry -25% 2019 2023 2026 Fixed Income Presentation Q3 2024 61
Slide 62: New opportunities for profitable growth at the top-end
We are creating new opportunities for profitable growth at the top-end of our product and brand portfolio Mercedes-Maybach EQS 680 SUV (combined energy consumption: 24.1-22.0 kWh/100 km | CO2 emissions combined: 0 g/km | CO2 class: A) S-Class: strengthening G-Class: evolving the Maybach: redefining
Slide 63: More individualisation and exclusive editions
For our most demanding customers, we will offer even more individualisation and exclusive editions Extension of Exclusive limited AMG PureSpeed: Collaborations to shape individualisation program: editions: Maybach by First Mythos car the brand: Moncler MANUFAKTUR Virgil Abloh next year Fixed Income
Slide 64: Optimizing our footprint and our cost base
We are continuously optimizing our footprint and our cost base Retail: evaluating potential sale Production: rightsizing industrial Procurement: target of own retail business footprint to reduce material costs in Germany in the next years Fixed Income Presentation Q3 2024 64
Slide 65: Bottom line
Bottom line We cannot control macro- or world events. But we are redesigning & repositioning Mercedes-Benz to ensure a structurally more profitable company. Fixed Income Presentation Q3 2024 65
Slide 66: The essence of our brand and our way forward
The essence of our brand and our way forward ICONIC LEADING LUXURY TECHNOLOGY Fixed Income Presentation Q3 2024 66
Slide 67: Agenda
AGENDA I. Mercedes-Benz Group Review Q3 2024 II. Divisional Review Q3 2024 III. Outlook FY 2024 IV. Funding V. Sustainability VI. Luxury VII. Automated Driving & Operating System Fixed Income Presentation Q3 2024 67
Slide 68: Mercedes-Benz continues to pioneer advancements in automated driving
Mercedes-Benz continues to pioneer advancements in automated driving Launching Automatic Lane Change Advancing DRIVE PILOT (L3) Cooperating with NVIDIA Function introduced in North Aim to extend speed up to 95 Joint development of future America and China, km/h in Germany by end of 2024, automated d
Slide 69: Future of ADAS: competitive and profitable system, pioneering L4
Future of ADAS: Competitive & profitable system available for privately owned vehicles, pioneering L4 Assisted Driving Automated Driving up to Level 2++ Level 3 Level 4 … Partial Automation Conditional Automation High Automation Ramp-to-Ramp & Point-to-Point DRIVE PILOT Level 4-Testing in Beijing As
Slide 70: DRIVE PILOT gives back time to customers
Conditionally automated driving SAE-Level 3: DRIVE PILOT gives back time to customers Mercedes-Benz is the first car company in the world to meet the UN-R157 regulation for conditionally automated driving Orders for DRIVE PILOT for the S-Class and EQS started on May 17, 2022, in Germany The producti
Slide 71: Continuous updates for DRIVE PILOT
Continuous updates for DRIVE PILOT: Advanced speed and take-over time enables unseen in-cabin use cases only L3 vehicles can offer 2021 2023 2024 95 End of decade 60 130 Germany with Nevada and California Germany with up to Stepwise extension take-over- 60 km/h with 40 mph 95 km/h time, markets and
Slide 72: The evolution of DRIVE PILOT
The evolution of DRIVE PILOT In congested traffic In flowing traffic Available on all lanes Available on right lane only Up to 60 km/h Up to 95 km/h Fixed Income Presentation Q3 2024 72
Slide 73: Driving Assistance Package with DRIVE PILOT
Driving Assistance Package with DRIVE PILOT Parking Package with 360°-Camera Rear Multi-Purpose Camera Antenna Module Opening angle 50° Stereo Multi-Purpose Camera Opening angle 70° Front Long-Range Radar Opening angle 90° / 9° Ultrasonic Sensors 12x Opening angle 120° 360°-Camera 4 Single Cameras L
Slide 74: On-road validation of automated driving systems
On-road validation of automated driving systems at Mercedes-Benz We do extensive field validation to get real-life information about Level 2 and Level 3 system performance Every single measurement is one dot on the map Our data can simulate the road network of Europe DRIVE PILOT extensively tested a
Slide 75: Accelerating next-gen Level 2+ and Level 3 automated driving
Accelerating next-gen Level 2+ and Level 3 automated driving with 2x computing power - Giving customers back even more time Up to 130 km/h in its final stage Automatic Lane Change (ALC) and highway-to-highway transfer Worldwide rollout to additional markets Fixed Income Presentation Q3 2024 75
Slide 76: We are creating an exceptional digital experience
We are creating an exceptional digital experience Own operating system MB.OS Launch in 2025 with MMA Chip-to-cloud architecture High-end computers give full access to hard- & software Next level infotainment Human-like interaction with generative AI, expansion of digital offering, advanced graphics
Slide 77: MB.OS: the operating system of our entire business
MB.OS: It’s about the operating system of our entire business We’re connecting the elements to build an integrated network Fixed Income Presentation Q3 2024 77
Slide 78: MB.OS infotainment features
MB.OS infotainment - upcoming exciting entertainment and navigation features Navigation based on MBUX Virtual Assistant MBUX Surround Navigation Google Maps starting with CLA New Third-Party Apps RIDEVU Video Streaming The Car as a and Content Providers (Sony Pictures Entertainment) New Gaming Hub (
Slide 79: We are the architects
We are the architects Our promise: The world‘s most desirable cars Our opportunity: Outstanding products & improved enterprise productivity Our conviction: Software a core competence Our realism: Technology partnerships essential Our vision: Future proofing our valuable real estate Our focus: Delive
Slide 80: Disclaimer
Disclaimer This document contains forward-looking statements that reflect our current views about future events. The words “anticipate”, “assume”, “believe”, “estimate”, “expect”, “intend”, “may”, “can”, “could”, “plan”, “project”, “should” and similar expressions are used to identify forward-lookin
Mercedes-Benz Group — Debt Investor Presentation (2024) on 6ix