Slide 1: Daimler AG Fixed Income Presentation Q2 2020
DAIMLER AG FIXED INCOME PRESENTATION Q2 2020
Slide 2: Agenda
AGENDA I. DAIMLER AG Q2-2020 II. DIVISIONAL REVIEW Q2-2020 III. SUSTAINABILITY / GREEN FINANCE FRAMEWORK IV. FUNDING V. ADDITIONAL FINANCIAL SLIDES
Slide 3: Daimler Q2 2020 Key Topics
DAIMLER Q2 2020 KEY TOPICS Effective cash measures Initiated large number of measures to protect cash position; net liquidity at a robust level. Positive market signals First signs of sales recovery: Mercedes-Benz passenger cars with best ever Q2 in China and Vans with best ever quarter in China; or
Slide 4: Daimler Q2 2020 Key Figures
DAIMLER Q2 2020 KEY FIGURES Unit sales Revenue EBIT EBIT adjusted in thousands of units in billions of euros in billions of euros in billions of euros 2.4 822 42.7 542 30.2 -34% -29% -1.6 -1.7 -0.7 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Net loss Earnings per share Free cash
Slide 5: Daimler Q2 2020 Group EBIT
DAIMLER Q2 2020 GROUP EBIT Mercedes-Benz Cars & Vans: in millions of euros • Legal proceedings -53 • Restructuring measures -788 Daimler Trucks & Buses: • Restructuring measures -9 +4,005 2,447 -1,432 Daimler Mobility: • Restructuring measures: -108 mainly adjustment on YOUR NOW group Reconciliation
Slide 6: Reconciliation from CFBIT to Free Cash Flow
DAIMLER Q2 2020 RECONCILIATION FROM CFBIT TO FREE CASH FLOW in millions of euros +93 778 +70 685 +35 • Legal +271 proceedings +93 430 -121 CFBIT CFBIT Income Interest Other Free cash flow Adjustments Free cash flow Mercedes-Benz Daimler taxes* received reconciling (industrial business) (industrial b
Slide 7: Daimler Financial Framework
DAIMLER FINANCIAL FRAMEWORK Equity & debt markets DAIMLER Dividend Funding MERCEDES-BENZ DAIMLER TRUCK DAIMLER MOBILITY (Subgroup) (Subgroup) (Subgroup) ▸ CAPITAL MARKET ACCESS ▸ GROUP FUNDING AND LIQUIDITY MANAGEMENT ▸ CAPITAL STRUCTURE ▸ CAPITAL ALLOCATION ▸ SET AND MONITOR PERFORMANCE TARGETS ▸ D
Slide 8: Net Industrial Liquidity
DAIMLER Q2 2020 NET INDUSTRIAL LIQUIDITY in billions of euros Free cash flow industrial business Q2 2020: €0.7 billion +2.4 -2.4 +1.9 +0.1 -0.5 9.3 -1.3 9.5 Net industrial Earnings and Working Depreciation and Additions to Investments in Other Net industrial liquidity other cash capital impact amort
Slide 9: Development of Gross Industrial Liquidity
DAIMLER H1 2020 DEVELOPMENT OF GROSS INDUSTRIAL LIQUIDITY in billions of euros Financial Services Industrial Business +6.7 -13.2 +5.8 -0.5 -4.0 +8.4 +0.6 29.3 27.5 -0.2 -1.6 4.9 3.9 23.7 24.4 Gross Dividend Free cash flow Free cash flow Other debt ABS New ABS Bond New bonds FX and Gross liquidity pa
Slide 10: Financial Flexibility Over a 12-Month Period
DAIMLER Q2 2020 FINANCIAL FLEXIBILITY OVER A 12-MONTH PERIOD in billions of euros 69.6 Bridge loan facility 51.9 Other, incl. Net industrial liquidity at €9.5 billion continues to be at a solid level ABS finance lease potential Commercial Gross industrial liquidity at €24.4 billion paper Credit Bank
Slide 11: 2020 Outlook Guidance
2020 OUTLOOK GUIDANCE FY: Significant decrease of all major automotive markets ASSUMPTIONS H2: Significant recovery of economy and unit sales Cost and cash measures to be continued GROUP SALES Daimler Group Below the prior-year level REVENUE Daimler Group Below the prior-year level EBIT Daimler Grou
Slide 12: Looking Forward
DAIMLER Q2 2020 LOOKING FORWARD Cost and cash preservation measures to continue in H2 Flexibility in production and market reaction remains a top priority Capacity adjustments and efficiency measures to be intensified New S-Class to be presented in fall setting the standard in digitization Strong co
Slide 13: Agenda
AGENDA I. DAIMLER AG Q2-2020 II. DIVISIONAL REVIEW Q2-2020 III. SUSTAINABILITY / GREEN FINANCE FRAMEWORK IV. FUNDING V. ADDITIONAL FINANCIAL SLIDES
Slide 14: Mercedes-Benz Cars & Vans Key Topics Q2 2020
MERCEDES-BENZ CARS & VANS KEY TOPICS Q2 2020 Nearly all worldwide dealerships reopened. Strong finish to global retail car deliveries for Q2 in June. Favorable development in model mix and pricing. Progressing on xEV share towards 2020 target. Streamlining of global production network. Strategic gro
Slide 15: Mercedes-Benz Passenger Cars Business Recovery in H1
MERCEDES-BENZ PASSENGER CARS BUSINESS RECOVERY IN H1 Group sales in thousands of units 80 China 60 40 20 0 80 60 Europe 40 20 0 40 30 United 20 States 10 0 Jun 19 Jun 20 Daimler AG Fixed Income Presentation Q2 2020 / Page 15
Slide 16: Mercedes-Benz Cars & Vans Key Figures
MERCEDES-BENZ CARS & VANS KEY FIGURES Unit sales Revenue EBIT adjusted CFBIT in thousands of units in billions of euros in millions of euros in millions of euros 1,148 430 687 25.4 481 18.9 -30% -25% -284 -2,141 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Daimler AG Fixed Income
Slide 17: Mercedes-Benz Cars & Vans EBIT and RoS
MERCEDES-BENZ CARS & VANS EBIT AND ROS Favorable model mix and pricing Cost and capacity adjustments in millions of euros Fixed cost reduction in all functional areas Lower unit sales Residual values Gross profit -2,146 Discounting of non-current provisions +3,932 1,148 -2,252 RoS: 4.5% +116 +1 +5 -
Slide 18: Trucks & Buses Key Topics Q2 2020
DAIMLER TRUCKS & BUSES KEY TOPICS Q2 2020 Significant sales decreases accelerated by COVID-19; most severe impact in Europe and North America Incoming orders in Europe and North America show first positive signs Ongoing strong focus on cash preservation measures Progressive execution of restructurin
Slide 19: Trucks & Buses Business Recovery in H1
DAIMLER TRUCKS & BUSES BUSINESS RECOVERY IN H1 Group sales of Daimler Trucks in thousands of units 8 6 EU30 4 2 0 20 15 North 10 America 5 0 12 9 6 Asia 3 0 Jun 19 Jun 20 Daimler AG Fixed Income Presentation Q2 2020 / Page 19
Slide 20: Trucks & Buses Key Figures
DAIMLER TRUCKS & BUSES KEY FIGURES Incoming orders* Unit sales Revenue EBIT adjusted CFBIT in thousands of units in thousands of units in billions of euros in millions of euros in millions of euros 834 1,027 105 135 11.6 60 -43% -55% 61 -46% 6.2 -747 -121 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2
Slide 21: Trucks & Buses EBIT and RoS
DAIMLER TRUCKS & BUSES EBIT AND ROS Cost and capacity adjustments in response to COVID-19 pandemic Significant fixed cost reduction in millions of euros Significantly lower unit sales in all regions due to market downturns Customer service measures at Mercedes-Benz Trucks Gross profit -1,801 Stock v
Slide 22: Mobility Key Topics Q2 2020
DAIMLER MOBILITY KEY TOPICS Q2 2020 Significant decrease in new business due to COVID-19 pandemic Support for our dealer network and high-quality customers ongoing to facilitate recovery phase Moderate adjustment of credit risk provisions in Q2 Further adjustment on investment in YOUR NOW group Posi
Slide 23: Mobility Key Figures
DAIMLER MOBILITY KEY FIGURES New business Contract volume EBIT adjusted in billions of euros in billions of euros in millions of euros 18.4 162.8 153.7 483 14.0 313 -24% -6% -35% Q2 2019 Q2 2020 12/31/2019 6/30/2020 Q2 2019 Q2 2020 Daimler AG Fixed Income Presentation Q2 2020 / Page 23
Slide 24: Mobility EBIT and RoE
DAIMLER MOBILITY EBIT AND ROE Implemented cost-saving measures Higher cost of credit risk due to COVID-19 pandemic Higher funding costs in millions of euros Gross profit* -234 +19 -152 +52 483 431 RoE: • Legal 14.0% RoE: proceedings +23 12.5% • Restructuring -82 +31 -23 measures +29 +37 313 -108 RoE
Slide 25: Agenda
AGENDA I. DAIMLER AG Q2-2020 II. DIVISIONAL REVIEW Q2-2020 III. SUSTAINABILITY / GREEN FINANCE FRAMEWORK IV. FUNDING V. ADDITIONAL FINANCIAL SLIDES
Slide 26: SpurWechsel: We are changing lanes
SpurWechsel We are changing lanes Moving people and goods all over the world - safely, efficiently, comfortably and with innovative technologies that’s our purpose, the basis of our strategy. MOVE – reinvent the invention, PERFORM – create sustainable value, TRANSFORM – reinvent ourselves that’s our
Slide 27: Our group strategy: Sustainability as an integral part
Our group strategy Sustainability as an integral part… Sustainability & Culture & Climate Integrity Protection Market & Growth Cooperations MOVE Efficiency Automated & Autonomous PERFORM Driving TRANSFORM Customer and Brand Digital Services & Digital Platforms Platforms and Electrification of Drivet
Slide 28: Six themes and three enablers
… with a focus on six themes and three enablers Climate Protection Human & Air Quality Rights Resource 6 ACTION FIELDS Preservation Data 3 ENABLER Responsibility Livable Cities Traffic Safety + Integrity // People // Partnerships Daimler AG Fixed Income Presentation Q2 2020 / Page 28
Slide 29: CO2 neutrality at Mercedes-Benz Cars Ambition2039
CO2 neutrality at Mercedes-Benz Cars Ambition2039 2039 2030 We aim to achieve CO2 neutrality for our new 2025 Our goal is to have plug-in hybrids or all-electric passenger car fleet by 2039. 2022 Depending on how conditions develop, we plan to have vehicles account for more than 50 percent of our ca
Slide 30: Daimler Trucks & Buses: Making CO2-neutral transport a reality
Daimler Trucks & Buses Making CO2-neutral transport a reality 2039 CO2-neutral driving operation (tank-to-wheel) by 2039 for new trucks and buses in the markets late 2020s of Europe, Japan, and Hydrogen-based series- North America. production vehicles in the second half of the decade. 2022 Battery-e
Slide 31: Continuous electrification of our product portfolio
Driven by a continuous electrification of our product portfolio… 2019 2020 2021 2022 Stay tuned for more EQC Compacts e.g. EQA EV Purpose Limousines EV Purpose Frontrunner. e.g. EQS SUVs eSprinter EQV eActros Next generation smart from China Start of series production. World‘s first fully-electric S
Slide 32: Aim to achieve CO2-neutral production
… and our aim to achieve CO2-neutral production By 2022: CO -neutral production at our Mercedes-Benz Car and Van plants worldwide* 2 By 2022: CO -neutral production at our European plants of Daimler Trucks & Buses* 2 By 2030: Fifty percent CO emissions reductions from production operations 2 SBTI By
Slide 33: Committed investments as part of electrification strategy
Committed investments as part of our electrification strategy €10 bn About €10 billion to expand our fleet of electric vehicles. €1 bn More than €1 billion to expand our battery production. €20 bn Buying battery cells for more than €20 billion in order to systematically promote our Group’s entry int
Slide 34: Electric first: Modular BEV-architecture
Electric first: Modular BEV-architecture for zero emission vehicles Description Development of a flexibly scalable electrical architecture for Mercedes-Benz compact cars up to luxury cars. Suitable for a wide range of vehicle concepts thanks to the modular system design and variable wheelbase, wheel
Slide 35: Factory 56: One of the world's most modern car productions
Factory 56: One of the world’s most modern car productions Description Factory 56, one of the world’s most modern car productions, built at Daimler’s Sindelfingen plant. The factory will be supplied with CO2-neutral energy when it goes into operation, is equipped with a photovoltaic system installed
Slide 36: Battery production network: Nine factories at seven locations
Battery production network: Nine factories at seven locations on three continents Description Daimler is investing more than one billion euros in a global battery production network within the global production network of Mercedes-Benz Cars. In total, the battery production network consists of nine
Slide 37: Daimler's green finance framework
Daimler’s green finance framework is part of our SpurWechsel – We are changing lanes Project Management of Use of proceeds evaluation and Reporting External review proceeds selection Daimler’s green finance framework is developed to be in line with both the ICMA Green Bond Principles, as well as LMA
Slide 38: Proceeds allocated to clean transportation (1/2)
More than 50% of proceeds will be allocated to clean transportation (1/2) GBP & GLP Eligible assets Targeted SDGs Targeted EU Investment Examples Categories Environmental Objectives • Development and Climate change mitigation • Modular BEV-architecture production of zero • Volvo Group & Daimler Truc
Slide 39: Proceeds allocated to clean transportation (2/2)
More than 50% of proceeds will be allocated to clean transportation (2/2) GBP & GLP Eligible assets Targeted SDGs Targeted EU Investment Examples Categories Environmental Objectives • Waste management Pollution prevention and • Factory 56 (waste management) • Emission reduction control • CO2 neutral
Slide 40: Second Opinion on green bonds
Second Opinion by leading provider of independent reviews of green bonds SHADES OF GREEN Daimler’s green finance framework was rated by CICERO CICERO Green provides second as Dark Green. Dark Green is allocated to projects and opinions on institutions’ solutions that correspond to the long-term vi
Slide 41: Strategy guided by international framework agreements
Our strategy is guided by international framework agreements,… The ten principles of the UN Global Compact provide a fundamental guide for our business operations. Our internal principles and policies are founded on this international frame of reference and other international principles. Our goal i
Slide 42: Corporate principles and integrity
… our corporate principles and integrity Doing the right thing by living our values We adhere to internal and external rules, we act according to our corporate principles and we listen to our inner compass. We have incorporated integrity-related issues in our culture and our compliance management sy
Slide 43: Integrity Code
Integrity Code Our overall legal and ethical framework Concretize UNDERSTANDING of Integrity@Daimler Legal and ethical FRAMEWORK for all entities at Daimler Coverage of FUTURE STRATEGIC TOPICS In addition to the Integrity Strengthen AWARENESS and underline IMPORTANCE for Code, the Technical Integrit
Slide 44: Agenda
AGENDA I. DAIMLER AG Q2-2020 II. DIVISIONAL REVIEW Q2-2020 III. SUSTAINABILITY / GREEN FINANCE FRAMEWORK IV. FUNDING V. ADDITIONAL FINANCIAL SLIDES
Slide 45: One Face to the Market
ONE FACE TO THE MARKET Daimler’s business model is based on a central liquidity and risk management Guarantor for all debt Funding Support by Daimler AG Credit Support via DPLTA* from Mercedes-Benz AG and Daimler Truck AG Daimler Mobility AG Daimler Iambition Mercedes Daimler Truck (Subgroup) Benz A
Slide 46: Daimler Follows a Prudent Financial Policy
DAIMLER FOLLOWS A PRUDENT FINANCIAL POLICY Financial Stability Dividend Balanced policy Pensions: approach keeping Focus on • 40% pay-out between No share funded ratio at strict liquidity ratio* shareholder buybacks • Dividend should high level management interest and planned be covered by (currentl
Slide 47: Our Funding Strategy Is Built on Strict Principles
OUR FUNDING STRATEGY IS BUILT ON STRICT PRINCIPLES No dependence from single markets, instruments, banks or investors Targeting Diversification of funding sources and instruments: Financial Bank Loans, Bonds, ABS, CP, Deposits Independence No Covenants, no MAC, no asset pledges, no CSAs Maximizing K
Slide 48: Portfolio of Daimler Mobility
PORTFOLIO OF DAIMLER MOBILITY Wholesale 163 154 154 140 Loan 133 117 Lease 99 Others 84 80 72 74 Trucks 72 71 Portfolio 62 Buses (in bn €) 58 48 Vans 38 41 30 Acquisitions 34 (in bn €) Passengers Cars 2011 2012 2013 2014 2015 2016 2017 2018 2019 H1 2020 Daimler AG Fixed Income Presentation Q2 2020 /
Slide 49: Mobility Business Model: Credit Management and Refinancing
DAIMLER MOBILITY BUSINESS MODEL BASED ON STRINGENT CREDIT MANAGEMENT AND SOLID REFINANCING Net credit losses as a percentage of portfolio, subject to credit risk Net credit losses still on a very favorable level, not yet showing any severe CoViD-19 impact Based on the potential macroeconomic cool-do
Slide 50: Maturity Profile Further Lengthened
MATURITY PROFILE FURTHER LENGTHENED in billions of EUR as of 30 June 2020 Issued in 2020 Maturities 18.4 0.1 14.3 0.8 11.2 2.9 18.3 7.3 13.5 0.1 5.7 4.6 0.1 2.0 4.3 3.5 8.4 3.1 7.2 1.3 0.1 2.4 2.1 2.1 4.5 3.7 1.3 3.0 3.4 1.2 0.5 0.9 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2034 20
Slide 51: EUR 12bn Bridge Facility Signed
EUR 12BN BRIDGE FACILITY SIGNED EUR 12bn bridge facility signed in April to cover mainly volatility and uncertainty in capital markets EUR 9.9 bn still available on 30 June 2020 Tenor one year, two extension options of six months each Quick reaction on current crisis secured additional liquidity buf
Slide 52: Financing Liabilities Show a Diversified Funding Mix
FINANCING LIABILITIES SHOW A DIVERSIFIED FUNDING MIX in billions of EUR Fin. Lease (IFRS 16) Acc. Deposits Other (ex Fin. Lease) Bank Loans Com. Paper Bonds ABS 161.8 157.6 4.2 4.1 145.0 0.0 2.0 13.9 1.8 1.6 17.1 127.4 0.0 12.5 2.8 3.3 2.3 13.1 117.6 0.0 2.0 13.7 11.0 11.8 1.0 1.0 10.6 1.7 11.5 39.8
Slide 53: Balanced Mix of Funding Instruments
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 Other Fin. Lease (IFRS 16) 1% 3% Deepen our excellent Bank Loans bank relationships Bank loans 20% Bank l
Slide 54: Development to Global Capital Market Funding
CONSEQUENT DEVELOPMENT TO GLOBAL CAPITAL MARKET FUNDING - DIVERSIFICATION WILL CONTINUE Canada EMTN Domestic Bonds Euro Market ABS EMTN Program Korea CP Italian domestic Domestic Bond Prog. Hungarian domestic EUR CP Program ABS China USA Japan Turkey Domestic Bonds 144a / RegS PP Domestic CP ABS CP
Slide 55: Funding Base Further Diversified to a Global Set-up
FUNDING BASE FURTHER DIVERSIFIED TO A TRUE GLOBAL SET-UP in billions of EUR 157,6 3% 1% 11% 1% Currency Volume % 9% EUR 38,8 49% USD 25,0 31% CNY 4,6 6% GBP 3,3 4% 24% CAD 2,0 3% Currency Volume % ZAR 1,3 2% EUR 19,5 66% KRW 0,7 1% USD 7,8 27% MXN 0,6 1% Fin. Lease (IFRS 16) 0% ZAR 0,8 3% NOK 0,6 1%
Slide 56: Financial KPIs Set to Support a Strong Rating
DAIMLER‘S FINANCIAL KPIS SET TO SUPPORT A STRONG RATING Agency Long-term Outlook Short-term Standard & Poor's: BBB+ Negative A-2 Moody’s: A3 Negative P-2 Current Ratings: Fitch: BBB+ Stable F1 DBRS: BBB (high) Stable R-2 (high) Scope: A Stable S-1 Daimler AG Fixed Income Presentation Q2 2020 / Page
Slide 57: Pension Contributions Stabilized Funded Ratio
IN LOW INTEREST RATE ENVIRONMENT HIGH CONTRIBUTIONS STABILIZED FUNDED RATIO 14 11.5 12 10.4 9.8 10 8.6 8.4 7.4 7.8 in EUR bn 8 6.2 6 3.4 4.5 3.7 Significant contributions of EUR 4 3.1 2 2.2 2.0 1.1 1.9 2.4 16.6bn since 2010 support the 0.3 0.5 0.7 0.7 0 0.1 solid capital structure 2010 2011 2012 201
Slide 58: Agenda
AGENDA I. DAIMLER AG Q2-2020 II. DIVISIONAL REVIEW Q2-2020 III. SUSTAINABILITY / GREEN FINANCE FRAMEWORK IV. FUNDING V. ADDITIONAL FINANCIAL SLIDES
Slide 59: Daimler H1 2020 Key Figures
DAIMLER H1 2020 KEY FIGURES Unit sales Revenue EBIT EBIT adjusted in thousands of units in billions of euros in billions of euros in billions of euros 1.2 1,595 82.3 4.8 1,186 67.4 -26% -18% -100% -1.1 0.01 H1 2019 H1 2020 H1 2019 H1 2020 H1 2019 H1 2020 H1 2019 H1 2020 Net profit/loss Earnings per
Slide 60: Daimler H1 2020 Group EBIT
DAIMLER H1 2020 GROUP EBIT in millions of euros +3,517 4,757 -2,201 -1,887 1,240 • M&A -603 • Legal proceedings -155 transactions -718 • Restructuring • Legal proceedings +3,640 -55 11 measures -921 • Restructuring measures +595 -1,076 -1,065 EBIT Adjustments EBIT Mercedes-Benz Daimler Daimler Recon
Slide 61: Q2 2020 Revenue by Divisions
DAIMLER Q2 2020 REVENUE BY DIVISIONS in billions of euros Q2 2019 Q2 2020 % change Daimler Group 42.7 30.2 -29 of which Mercedes-Benz Cars & Vans 25.4 18.9 -25 Daimler Trucks & Buses 11.6 6.2 -46 Daimler Mobility 7.1 6.5 -10 Daimler AG Fixed Income Presentation Q2 2020 / Page 61
Slide 62: Q2 2020 Revenue by Regions
DAIMLER Q2 2020 REVENUE BY REGIONS in billions of euros Q2 2019 Q2 2020 % change Daimler Group 42.7 30.2 -29 of which Europe 17.2 11.5 -34 of which Germany 6.7 4.8 -29 North America 13.2 8.2 -38 of which United States 11.4 7.3 -36 Asia 9.7 9.2 -5 of which China* 4.7 5.3 +15 Other markets 2.5 1.3 -46
Slide 63: Q2 2020 EBIT by Divisions
DAIMLER Q2 2020 EBIT BY DIVISIONS EBIT in millions of euros; RoS/RoE in % Q2 2019 Q2 2020 EBIT RoS/RoE* EBIT RoS/RoE* Daimler Group -1,558 -5.6 -1,682 -8.0 of which Mercedes-Benz Cars & Vans -2,784 -11.0 -1,125 -5.9 Daimler Trucks & Buses 834 7.2 -756 -12.2 Daimler Mobility 431 12.5 205 5.6 Reconcil
Slide 64: Q2 2020 Adjustments Affecting EBIT
DAIMLER Q2 2020 ADJUSTMENTS AFFECTING EBIT in millions of euros Mercedes-Benz Cars & Vans Q2 2019 Q2 2020 Legal proceedings and related measures 3,473 53 Restructuring measures 459 788 Daimler Trucks & Buses Restructuring measures – 9 Daimler Mobility Legal proceedings and related measures 23 – Rest
Slide 65: Q2 2020 EBIT Adjusted by Divisions
DAIMLER Q2 2020 EBIT ADJUSTED BY DIVISIONS EBIT adjusted in millions of euros; RoS/RoE adjusted in % Q2 2019 Q2 2020 EBIT RoS/RoE EBIT RoS/RoE adjusted adjusted* adjusted adjusted* Daimler Group 2,447 5.5 -708 -4.3 of which Mercedes-Benz Cars & Vans 1,148 4.5 -284 -1.5 Daimler Trucks & Buses 834 7.2
Slide 66: Q2 2020 Consolidated Statement of Income (Condensed)
DAIMLER Q2 2020 CONSOLIDATED STATEMENT OF INCOME (CONDENSED) in millions of euros Daimler Group Industrial Business Daimler Mobility Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Revenue 42,650 30,184 35,505 23,734 7,145 6,450 Cost of sales -37,104 -27,489 -30,878 -21,742 -6,226 -5,747 Gross profi
Slide 67: H1 2020 Consolidated Statement of Income (Condensed)
DAIMLER H1 2020 CONSOLIDATED STATEMENT OF INCOME (CONDENSED) in millions of euros Daimler Group Industrial Business Daimler Mobility H1 2019 H1 2020 H1 2019 H1 2020 H1 2019 H1 2020 Revenue 82,348 67,407 68,322 53,856 14,026 13,551 Cost of sales -69,231 -59,001 -57,028 -46,611 -12,203 -12,390 Gross p
Slide 68: Q2 2020 EBIT of the Industrial Business
DAIMLER Q2 2020 EBIT OF THE INDUSTRIAL BUSINESS in millions of euros Mercedes-Benz Daimler Reconciliation Cars & Vans Trucks & Buses Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Revenue 25,418 18,949 11,581 6,200 -1,494 -1,415 Cost of sales -22,755 -17,341 -9,381 -5,805 1,258 1,404 Gross profit 2
Slide 69: H1 2020 EBIT of the Industrial Business
DAIMLER H1 2020 EBIT OF THE INDUSTRIAL BUSINESS in millions of euros Mercedes-Benz Daimler Reconciliation Cars & Vans Trucks & Buses H1 2019 H1 2020 H1 2019 H1 2020 H1 2019 H1 2020 Revenue 49,481 42,145 21,755 14,944 -2,914 -3,233 Cost of sales -41,969 -36,617 -17,649 -13,130 2,590 3,136 Gross profi
Slide 70: H1 2020 Statement of Cash Flows (Condensed)
DAIMLER H1 2020 STATEMENT OF CASH FLOWS (CONDENSED) in millions of euros Daimler Group Industrial Business H1 2019 H1 2020 H1 2019 H1 2020 Cash provided by operating activities 2,198 8,985 2,356 3,180 of which: Profit/loss before income taxes 951 -1,202 -685 -1,459 Depreciation and amortization/impa
Slide 71: Mercedes-Benz Cars & Vans Reconciliation from EBIT to CFBIT
MERCEDES-BENZ CARS & VANS RECONCILIATION FROM EBIT TO CFBIT Q2 2020 in millions of euros +170 +2,090 -62 +92 522 +1,548 430 • Legal proceedings +92 -1,125 -2,191 EBIT Change in Net financial Net investments Depreciation and Other CFBIT Adjustments CFBIT Q2 2020 working capital investments in pp&e an
Slide 72: Trucks & Buses Reconciliation from EBIT to CFBIT
DAIMLER TRUCKS & BUSES RECONCILIATION FROM EBIT TO CFBIT Q2 2020 in millions of euros +218 -121 +339 +306 -27 -201 -756 EBIT Change in Net financial Net investments Depreciation and Provisions, other CFBIT Q2 2020 working capital investments in pp&e and amortization/ Q2 2020 intangible assets impair
Slide 73: Q2 2020 Reconciliation to CFBIT Adjusted
DAIMLER Q2 2020 RECONCILIATION TO CFBIT ADJUSTED in millions of euros Mercedes-Benz Cars & Vans Daimler Trucks & Buses Q2 2019 Q2 2020 Q2 2019 Q2 2020 CFBIT -2,141 430 1,027 -121 Legal proceedings and related measures 94 92 – – Restructuring measures – – – – M&A transactions – – – – CFBIT adjusted -
Slide 74: H1 2020 Reconciliation from CFBIT to Free Cash Flow
DAIMLER H1 2020 RECONCILIATION FROM CFBIT TO FREE CASH FLOW in millions of euros +547 -1,084 -1,299 +51 -206 • Legal -160 -17 -1,631 proceedings +246 • Restructuring measures +301 CFBIT CFBIT Income Interest Other Free cash flow Adjustments Free cash flow Mercedes-Benz Daimler taxes* received reconc
Slide 75: Q2 2020 Key Balance Sheet and Financial Figures
DAIMLER Q2 2020 KEY BALANCE SHEET AND FINANCIAL FIGURES Daimler Group Dec. 31, 2019 June 30, 2020 Equity ratio 20.5% 19.6% Gross liquidity 27.5 29.3 Funded status of pension obligations -8.4 -10.3 Funding ratio 77% 72% Industrial business Equity ratio 36.7% 33.7% Net liquidity 11.0 9.5 Free cash flo
Slide 76: Q2 2020 Statement of Financial Position (Condensed)
DAIMLER Q2 2020 STATEMENT OF FINANCIAL POSITION (CONDENSED) in millions of euros Daimler Group Industrial Business Dec. 31, 2019 June 30, 2020 Dec. 31, 2019 June 30, 2020 Intangible assets 15,978 16,587 15,077 15,697 Property, plant and equipment 37,143 36,483 36,782 36,162 Receivables from financia
Slide 77: H1 2020 Net Industrial Liquidity
DAIMLER H1 2020 NET INDUSTRIAL LIQUIDITY in billions of euros Free cash flow industrial business Q1 2020: minus €2.3 billion, Q2 2020: plus €0.7 billion +4.4 -4.7 11.0 -3.1 +1.8 -0.0 +0.1 9.5 Net industrial Earnings and Working Depreciation and Additions to Investments in Other Net industrial liquid
Slide 78: Q2 2020 Disclaimer
DAIMLER Q2 2020 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 identif