Traton Se · XETR:8TRA
Traton — Q1 2022 Earnings Presentation
27 slides from Traton's earnings presentation, May 4, 2022
Slide 1: 3M 2022 Interim Statement
3M 2022 INTERIM STATEMENT Christian Levin, CEO | Annette Danielski, CFO Munich, 05-04-2022
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 conference call 3M 2022 interim statement – Your presenters today YOUR PRESENTERS TODAY Christian Levin Annette Danielski Pietro Zollino Chief Executive Officer Chief Financial Officer Head of Group Communications 05-04-2022 Press Conference Call 3M 2022 Interim Statement 3
Slide 4: Agenda
Agenda 1. Core KPIs 3M 2022 2. Going forward 3. Q&A 05-04-2022 Press Conference Call 3M 2022 Interim Statement 4
Slide 5: TRATON GROUP with solid development despite the challenging environment
TRATON GROUP with solid development despite the challenging environment KEY FACTS 3M 2022 AND GOING FORWARD Incoming orders Adjusted operating result Unit sales €402 mn up 17% to up more than 12% to 95,594 67,767 Combined investment €500 mn TRATON boosts e-mobility investment to Planned electric veh
Slide 6: Developments in the Ukraine with strong impact on our business
Developments in the Ukraine with strong impact on our business STATUS Supply gaps for trucks wiring harnesses have been causing standstill at MAN Truck & Bus truck production SUPPLY plants from March 14, 2022. Truck production restarted end of April, gradually ramping up. Impairments directly relate
Slide 7: Unit sales still held back by supply constraints
Unit sales still held back by supply constraints Unit sales (k units) Navistar contribution Lost unit sales (semiconductor & truck wiring harnesses) 67.8 60.3 57.2 46.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 19 19 19 19 20 20 20 20 21 21 21 21 22 05-04-2022 Press Conference Call 3M 2022 Interim Stat
Slide 8: Service business gaining further traction & importance
Service business gaining further traction & importance Service business sales revenue (€ bn)1 In % of TRATON Operations Navistar contribution Sales revenue in Vehicles Services 23% 24% Business up by 57% in Q1 2022 20% 20% Increasing importance of service business also thanks to the inclusion of Nav
Slide 9: TRATON GROUP Core KPIs
TRATON GROUP Core KPIS Units 3M 2022 3M 2021 Change Trucks and buses Incoming orders 95,594 81,742 17% Unit sales 67,767 60,315 12% of which trucks 57,575 51,318 12% of which buses 5,929 3,093 92% of which MAN TGE vans 4,263 5,904 -28% Financial KPIs (€ million) Sales revenue 8,525 6,544 30% Adj. op
Slide 10: Deep Dive Group Core KPIs
Deep Dive Group Core KPIS Units 3M 2022 3M 2021 Change TRATON Operations (€ million) Sales revenue 8,363 6,437 30% Adj. operating result 441 512 -71 Adj. operating ROS 5.3 8.0 -2.7 pp Capex 229 160 43% Primary R&D costs 421 291 44% Net cash flow 139 753 -613 Net liquidity1 –1,513 -1,694 181 Financia
Slide 11: Scania Vehicles & Services – Core KPIs
Scania Vehicles & Services – Core KPIS Units 3M 2022 3M 2021 Change Trucks and buses Incoming orders 20,988 36,944 -43% Unit sales 16,645 23,033 -28% Financial KPIs (€ million) Sales revenue 3,180 3,420 -7% Adj. operating result 243 409 -167 Adj. operating ROS 7.6 12.0 -4.3 pp 05-04-2022 Press Confe
Slide 12: MAN Truck & Bus – Core KPIs
MAN Truck & Bus – Core KPIS Units 3M 2022 3M 2021 Change Trucks and buses Incoming orders 31,676 32,070 -1% Unit sales 19,325 23,363 -17% Financial KPIs (€ million) Sales revenue 2,548 2,645 -4% Adj. operating result 57 71 -14 Adj. operating ROS 2.2 2.7 -0.5 pp 05-04-2022 Press Conference Call 3M 20
Slide 13: Volkswagen Caminhões e Ônibus – Core KPIs
Volkswagen Caminhões e Ônibus – Core KPIS Units 3M 2022 3M 2021 Change Trucks and buses Incoming orders 13,067 12,750 2% Unit sales 14,732 13,989 5% Financial KPIs (€ million) Sales revenue 690 466 48% Operating result 65 33 33 Operating ROS 9.5 7.0 2.5 pp 05-04-2022 Press Conference Call 3M 2022 In
Slide 14: Navistar Sales & Services – Core KPIs
Navistar Sales & Services – Core KPIS Units 3M 2022 Trucks and buses Incoming orders 29,863 Unit sales 17,070 Financial KPIs (€ million) Sales revenue 2,068 Operating result 76 Operating ROS 3.7 Navistar included from July 1, 2021 05-04-2022 Press Conference Call 3M 2022 Interim Statement 14
Slide 15: Truck market outlook – Uncertainties due to high geopolitical and economic risks
Truck market outlook – Uncertainties due to high geopolitical and economic risks 400 320 k units, > 6t 352 300 320 Market expectations2 EU27+31 200 2022e 100 0 +0% – +10% 2010 2012 2014 2016 2018 2020 2022 300 k units, > 6t 184 202 Market expectations2 South 200 175 100 2022e America -5% – +10% 0 20
Slide 16: Robust TRATON outlook 2022, while geopolitical and economic risks remain high
Robust TRATON outlook 2022, while geopolitical and economic risks remain high FY 2021 FY 2022 FY 2022 Outlook Outlook Annual Report 20211 3M 2022 Interim Statement2 271.6 k very sharp sharp Unit sales +43% increase increase €30.6 bn sharp very sharp Sales revenue +36% increase increase Operating RoS
Slide 17: Agenda
Agenda 1. Core KPIs 3M 2022 2. Going forward 3. Q&A 05-04-2022 Press Conference Call 3M 2022 Interim Statement 17
Slide 18: Strategy TRATON Way Forward
Strategy TRATON Way Forward Make responsible behavior a top priority in everything we do Decarbonization & Circularity Responsible People & Pluralism Company Governance & Ethics Execution Focus on sustainable Shape our role in value creation the future logistics for our stakeholders Value TRATON eco
Slide 19: TRATON's electric vehicles business evolving
Responsible company TRATON’s electric vehicles business evolving Incoming orders and unit sales of fully electric The TRATON GROUP offers broad BEV product range vehicles (units) 566 554 523 410 417 Scania electric truck MAN electric truck (25 P BEV) (eTGM) 169 Orders Sales Orders Sales Orders Sales
Slide 20: Joint journey towards e-mobility
Responsible company Joint journey towards e-mobility E-MOBILITY 100 e-trucks to Copenhagen Heavy duty electric trucks Successful on the last mile New EV-related next municipal waste company scheduled for early 2024 with e-Delivery experience trailer 05-04-2022 Press Conference Call 3M 2022 Interim S
Slide 21: Modularization is key on our way to stronger profitability
Value creation Modularization is key on our way to stronger profitability Build up a TRATON Modular System We create standardized Group interfaces Within the Group: same need – identical solution Differentiate via balanced performance steps Enable profitable mass customization of broad variant offer
Slide 22: Ramp up of the TRATON GROUP engine in full swing
Value creation Ramp up of the TRATON GROUP engine in full swing 8% No.1 One of the world’s most sustainable powertrains Long-haulage with a 13L common base engine (CBE) fuel savings1 ~60% of the entire truck costs are attributable to the drivetrain ~80% common components for the complete powertrain
Slide 23: Clear priorities to focus on
Clear priorities to focus on Maintain supply chain Integrate Navistar Restructure MAN Execute strategy 05-04-2022 Press Conference Call 3M 2022 Interim Statement 23 .
Slide 24: What's next?
What’s next? TRATON Capital Markets Day ► Wednesday, May 18, 2022 ► Södertälje, Sweden, at the Scania plant ► Press conference call and webcast: • Strategy update • Q&A session 05-04-2022 Press Conference Call 3M 2022 Interim Statement 24 .
Slide 25: Agenda
Agenda 1. Core KPIs 3M 2022 2. Going forward 3. Q&A 05-04-2022 Press Conference Call 3M 2022 Interim Statement 25
Slide 26: Contacts Corporate Communications
Contacts Corporate Communications CORPORATE COMMUNICATIONS Pietro Zollino Sacha Klingner Matthias Karpstein Head of Group Communications Head of Corporate Communications Business Media Relations TRATON SE Dachauer Str. 641 | 80995 Munich www.traton.com 05-04-2022 Press Conference Call 3M 2022 Interi
Slide 27: 3M 2022 Interim Statement
3M 2022 INTERIM STATEMENT Christian Levin, CEO | Annette Danielski, CFO Munich, 05-04-2022