Bayerische Motoren Werke Ag · XETR:BMW
Bayerische Motoren Werke — BMW Group — FY2023 Earnings Presentation
17 slides from Bayerische Motoren Werke's earnings presentation, March 2024
Slide 1: Rolls-Royce
Son ROLLS-ROYCE
Slide 2: BMW Group Statement on Full Year 2023 Results
BMW GROUP STATEMENT ON FULL YEAR 2023 RESULTS. WALTER MERTL Member of the Board of Management of BMW AG, Finance BMW Group Annual Conference March 2024
Slide 3: BMW Group with strong performance and solid sales increase
BMW GROUP WITH STRONG PERFORMANCE AND SOLID SALES INCREASE. Sales worldwide: 2.55 million vehicles BEV sales: more than 375,000 units (approx. 15.0% of total sales) Auto EBIT Margin of 9.8% Auto EBIT Margin of 10.8% (without effects from BBA full consolidation) Group EBT margin of 11.0% CO, fleet em
Slide 4: Group 2023 key figures
2023 155,498 17,096 17,096 11.0% 17.67
Slide 5: Automotive retail units, BEV units, auto revenue and auto EBIT
AUTOMOTIVE RETAIL UNITS, BEV UNITS, AUTO REVENUE AND AUTO EBIT. Sequential development 2022 and 2023. Retail Revenues Units [in k Auto [in bn€] nits [in k] uto [in bni 373 31.6 32.1 Q1-22 Q2-22 03-22 Q4-22.- 1-23 Q2-23.--Q3-23 04-23 Q1-22 Q2-22 3-22 Q4-22 «Q1-23---Q2-23.-Q3-23_-— 4-23 BEV Retail EBI
Slide 6: Automotive Segment EBIT
AUTOMOTIVE SEGMENT EBIT. Positive year-on-year development. [in bn€] 42.4 ps 10.6 | aus — a 0.4 +2.0 13.0 0.2 EBIT EBIT margin margin 8.6% 9.8% FY EBIT Volume, Net Effect R&D Selling & Depreciation Other Cost FY EBIT 2022 Mix , Price FX/ Com Expenses Admin. (exc. R&D) Changes, 2023 Expenses incl, on
Slide 7: R&D ratio and R&D expenditure
R&D ratio 5.0% 7,755 R&D expenditure 2023
Slide 8: Automotive Segment Free Cash Flow
AUTOMOTIVE SEGMENT FREE CASH FLOW. Reconciliation EBT - FCF at FY23. {in bn€] 12.6 -2.7 EBT Change in Invest / Change in Other FY 2023 Working Depreciation Provisions Copital BMW Group Annual Conference March 2024
Slide 9: Free Cashflow
FREE CASHFLOW. Increase in operational Free Cashflow year-on-year. [in bn€] 11.1 BBA Full Consolidation +13% mnt dae: ISEEB 2022 2023
Slide 10: Capex Ratio and Capital Expenditure
Capex Ratio 5.7% Capital Expenditure 8,836 2023
Slide 11: New Contract Development
New Contract Development 2023 2022 1,542,514 38.2% 57,333 2,962 17.2%
Slide 12: Motorcycles Segment
MOTORCYCLES SEGMENT. Record sales result in the centennial year. Deliveries [in units} Revenues [in me] EBIT Margin Earnings before interest and tax [EBIT; in me] BMW Group Annual Conference March 2024 202,895 +3,0% Vick
Slide 13: Group Earnings before Tax
2023 12,642 258 2,962 1,234 Group 17,096
Slide 14: Group Earnings before Tax and Proposed Dividend
Group Earnings Proposed Dividend Payout before Tax per common share Ratio 33.7 17.1 6.00 2023 2023 2023
Slide 15: Capex ratio, R&D ratio, Auto Free Cashflow
Capex ratio R&D ratio Auto Free Cashflow
Slide 16: Outlook 2024
OUTLOOK 2024. Our strong performance today is paving our road to tomorrow's continued success. adios % r aed 2 _ ss . — —— ™. LB BMW GROUP AUTOMOTIVE MOTORCYCLES FINANCIAL SERVICES Group earnings before tax Deliveries Deliveries Return on Equity Slight decrease Slight increase Slight increase 14-17%
Slide 17: Consumption and Emission Data
CONSUMPTION AND EMISSION DATA. BMW i5 M60 xDrive. Power consumption in kWh/100km WLTP (combined): 20.6 - 18.2; CO, emissions in g/km: 0. BMW i5 eDrive40. Power consumption in kWh/100km WLTP (combined): 18.9 - 15.9; CO, emissions in g/km: 0. BMW i7 M70 xDrive. Power consumption in kWh/100km WLTP (com