Slide 1: Q3/9M 2024 Results Analyst / Investor Presentation
Q3/9M 2024 RESULTS ANALYST / INVESTOR PRESENTATION Christian Levin, CEO Dr. Michael Jackstein, CFO & CHRO Munich, 10/28/2024
Slide 2: Agenda
Q3/9M 2024 Results 2 Investor Relations 10/28/2024 AGENDA 1. Key results & highlights 2. Financial performance & outlook 3. Backup
Slide 3: Disclaimer
Q3/9M 2024 Results 3 Investor Relations 10/28/2024 DISCLAIMER This presentation has been prepared for information purposes only. The presentation 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 securitie
Slide 4: Key Results & Highlights
Q3/9M 2024 Results 4 Investor Relations 10/28/2024 KEY RESULTS & HIGHLIGHTS
Slide 5: Strong quarterly performance, supported by International's catch-up
Q3/9M 2024 Results 5 Investor Relations 10/28/2024 STRONG QUARTERLY PERFORMANCE, SUPPORTED BY INTERNATIONAL’S CATCH-UP WHILE CUSTOMERS REMAIN CAUTIOUS Q3 2024 Unit Sales Adjusted Net cash flow Earnings per share Incoming sales revenue return on sales TRATON orders Operations 85,274 €11.9bn 9.6% €1,2
Slide 6: Brands preparing for the future with enhanced products and solutions offering
Q3/9M 2024 Results 6 Investor Relations 10/28/2024 BRANDS ARE PREPARING FOR THE FUTURE WITH ENHANCED PRODUCTS AND SOLUTIONS OFFERING Q3 2024 Highlights Scania showcased at the IAA its MAN presented at the IAA the new Navistar announced rebranding to VWTB introduced new passenger versatile range of e
Slide 7: BEV orders on the rise
Q3/9M 2024 Results 7 10/28/2024 BEV ORDERS ON THE RISE Incoming orders of fully electric vehicles (units) 9M 24 9M 23 2,389 1,703 Unit sales of fully electric vehicles (units) 9M 24 9M 23 1,131 1,190
Slide 8: Growing unit sales and stable incoming orders in Q3
Q3/9M 2024 Results 8 Investor Relations 10/28/2024 GROWING UNIT SALES AND STABLE INCOMING ORDERS IN Q3 Europe: Incoming orders & Unit sales (k units) ― Weaker truck demand and unit sales, particularly in Germany Incoming orders Unit sales 110 ― Positive “IAA effect” on orders in September 100 Q3 23
Slide 9: Clearer picture on 2024 truck market development
Q3/9M 2024 Results 9 Investor Relations 10/28/2024 CLEARER PICTURE ON 2024 TRUCK MARKET DEVELOPMENT EU27+31 (k units, >6t) North America (k units, class 6-82) South America (k units, >6t) 2024e: -10% – -5% (narrowed from: -15% – -5%) 2024e: -10% – -5% (narrowed from: -15% – -5%) 2024e: +5% – +10% (n
Slide 10: Financial Performance & Outlook
Q3/9M 2024 Results 10 Investor Relations 10/28/2024 FINANCIAL PERFORMANCE & OUTLOOK
Slide 11: Sales revenue benefiting from mix effects and International's catch-up
Q3/9M 2024 Results 11 Investor Relations 10/28/2024 SALES REVENUE BENEFITING FROM MIX EFFECTS AND INTERNATIONAL’S CATCH-UP ― Strong unit sales, influenced by: Unit sales (k units) Sales revenue (€ bn) ― Strong South American market, benefiting Scania and VWTB 9M 24 9M 24 Vehicle Services business 24
Slide 12: 2024 margin peak reached in Q3
Q3/9M 2024 Results 12 Investor Relations 10/28/2024 2024 MARGIN PEAK REACHED IN Q3 ― Increased sales revenue per truck unit Adjusted operating result (€ m) Adjusted return on sales (%) ― International with significant adj. RoS improvement vs. Q2 24 (Q3 24: 10.7%) post 9M 24 9M 24 mirror supply issue
Slide 13: Different growth dynamics across brands
Q3/9M 2024 Results 13 Investor Relations 10/28/2024 DIFFERENT GROWTH DYNAMICS ACROSS BRANDS TRATON Operations1 Q3 Sales revenue 11,507 4,213 3,064 3,582 769 488 24 (in € m, YoY) (+4%) (+5%) (-15%) (+29%) (+14%) (+16%) Adjusted RoS 10.7% 14.0% 5.6% 10.7% 12.2% 10.9% (Return on Equity2) (YoY) (+1.5pp)
Slide 14: Steering towards net debt reduction at the end of 2024
Q3/9M 2024 Results 14 Investor Relations 10/28/2024 STEERING TOWARDS NET DEBT REDUCTION AT THE END OF 2024 ― Net debt picture significantly improved Net liquidity/net debt bridge, 9M 24 (€ m) Net liquidity/net debt Corporate Items (CI) vs. H1 24. Net liquidity/net debt TRATON Operations (TO) ― Net d
Slide 15: 2024 outlook for TRATON Group confirmed
Q3/9M 2024 Results 15 Investor Relations 10/28/2024 2024 OUTLOOK FOR TRATON GROUP CONFIRMED FY 2023 FY 2024 Outlook TRATON GROUP Unit sales (units) 338,183 -5 ‒ +10% Sales revenue (€ million) 46,872 -5 ‒ +10% Operating return on sales (adjusted) (in %) 8.61 8.0 ‒ 9.01 TRATON Operations Sales revenue
Slide 16: Backup
Q3/9M 2024 Results 16 Investor Relations 10/28/2024 BACKUP
Slide 17: TRATON Operations – Incoming Orders
Q3/9M 2024 Results 17 Investor Relations 10/28/2024 TRATON OPERATIONS – INCOMING ORDERS
Slide 18: TRATON Operations – Unit Sales
Q3/9M 2024 Results 18 Investor Relations 10/28/2024 TRATON OPERATIONS – UNIT SALES
Slide 19: TRATON Group – Sales Revenue
Q3/9M 2024 Results 19 Investor Relations 10/28/2024 TRATON GROUP – SALES REVENUE 1 Including genuine parts and workshop services
Slide 20: TRATON Group – Operating Result & Return on Sales
Q3/9M 2024 Results 20 Investor Relations 10/28/2024 TRATON GROUP – OPERATING RESULT & RETURN ON SALES
Slide 21: TRATON Group – Adjusted Operating Result & Adjusted Return on Sales
Q3/9M 2024 Results 21 Investor Relations 10/28/2024 TRATON GROUP – ADJUSTED OPERATING RESULT & ADJUSTED RETURN ON SALES
Slide 22: TRATON Group – Adjustments
Q3/9M 2024 Results 22 Investor Relations 10/28/2024 TRATON GROUP – ADJUSTMENTS
Slide 23: TRATON Operations – Cash and Liquidity
Q3/9M 2024 Results 23 Investor Relations 10/28/2024 TRATON OPERATIONS – CASH AND LIQUIDITY TRATON Operations (€ m) Q1 21 Q2 21 Q3 21 Q4 21 FY 21 Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Gross cash flow 863 901 974 370 3,107 1,067 862 1,036 1,207 4,171 1,300 1,570
Slide 24: TRATON Group – Debt Maturity Profile
Q3/9M 2024 Results 24 Investor Relations 10/28/2024 TRATON GROUP – DEBT MATURITY PROFILE Major financings Maturity profile (€ bn)1 ― €350m Schuldschein outstanding (tranches of 5y and 7y) ― Total of €11.3bn (equivalent) TFL Bonds 8.0 outstanding (tranches of 1.75y to 12y) ― €4.5bn syndicated RCF und
Slide 25: IR Contact and Upcoming Events
Q3/9M 2024 Results 25 Investor Relations 10/28/2024 IR CONTACT AND UPCOMING EVENTS Contacts Events Ursula Querette Marie Fischhaber 10/29-30/2024 Roadshow Deutsche Bank | London + virtual Head of Investor Relations Investor Relations +49 152 021 52 400 +49 152 256 00 705 11/12-13/2024 Roadshow Citi