Bayerische Motoren Werke Ag · XETR:BMW
Bayerische Motoren Werke — BMW Group — Investor Day (March 2015)
20 slides from Bayerische Motoren Werke's investor day presentation, Mar 26, 2015
Slide 1: Capital Markets Day
March 26, 2015 CAPITAL MARKETS DAY DR FRIEDRICH EICHINER MEMBER OF THE BOARD OF MANAGEMENT OF BMW AG, FINANCE.
Slide 2: Agenda
AGENDA. 1 Financial Status of 2014 2 Chances and Challenges in 2015 3 Towards a strong future Capital Markets Day – Dr Friedrich Eichiner Page 2
Slide 3: BMW Group – 2014 Financial Year: Figures for Previous Year Exceeded
BMW GROUP – 2014 FINANCIAL YEAR: FIGURES FOR PREVIOUS YEAR EXCEEDED. In € million 2014 2013* Change in % Sales (units) 2,117,965 1,963,798 + 7.9 Revenues 80,401 76,059 + 5.7 Earnings before taxes (EBT) 8,707 7,893 + 10.3 EBT margin (in %) 10.8 10.4 - Net profit 5,817 5,329 + 9.2 * Previous year figu
Slide 4: Retail Sales in 2014 Globally Balanced Between Americas, Europe and Asia
RETAIL SALES IN 2014 GLOBALLY BALANCED BETWEEN AMERICAS, EUROPE AND ASIA. Total Sales share: Americas Europe Asia Rest of World +6.4% Sales Rest of growth YOY: World 23% Americas +13.8% 3% +4.0% 31% 43% Asia Europe +1.6% 482,257 units 914,587 units 658,384 units 62,737 units Capital Markets Day – Dr
Slide 5: Capex Ratio 2014 Closer to Target
CAPEX RATIO 2014 CLOSER TO TARGET. PRODUCTION EXPANSION IN AMERICAS, ASIA, EUROPE. Capex ratio BMW Group [%] 10.0% 9.0% 8.8% 7.9% 7.6% 8.0% 7.6% 7.0% Target: < 7.0% 6.8% 6.8% 6.0% 5.0% 5.4% 5.4% 4.0% 2007 2008 2009 2010 2011 2012 2013 2014
Slide 6: R&D Expenditure of €4.57 Billion. R&D Ratio Just Outside Target Range
R&D EXPENDITURE OF € 4.57 BILLION. R&D RATIO JUST OUTSIDE TARGET RANGE. R&D Ratio (HGB) BMW Group 7.0% 6.5% 6.3% 6.0% 5.7% 5.6% 5.5% 5.4% Target range: 5 – 5.5% 5.0% 5.1% 4.8% 4.9% 4.5% 4.6% 4.0% 2007 2008 2009 2010 2011 2012 2013 2014
Slide 7: Automotive Segment – 2014 Financial Year: Segment Profitability Higher
AUTOMOTIVE SEGMENT – 2014 FINANCIAL YEAR: SEGMENT PROFITABILITY HIGHER. In € million 2014 2013* Change in % Sales (units) 2,117,965 1,963,798 + 7.9 Revenues 75,173 70,630 + 6.4 Earnings before interest and tax 7,244 6,649 + 8.9 (EBIT) EBIT margin (in %) 9.6 9.4 - Earnings before tax (EBT) 6,886 6,56
Slide 8: Automotive Segment Free Cash Flow: Target of > €3 Billion Exceeded
AUTOMOTIVE SEGMENT FREE CASH FLOW: TARGET OF > € 3 BILLION EXCEEDED. In € million 5,000 4,000 3,481 3,003 3,000 Target: > 3 bn. € 2,000 1,000 0 2013* 2014 * Previous year figures adjusted
Slide 9: Dividend Increase of €0.30 Proposed. Pay-out Ratio of 33%
DIVIDEND INCREASE OF € 0.30 PROPOSED. PAY-OUT RATIO OF 33%. Dividend per common share (in €) Dividend payment (in € million) 3.00 2.90 2,100 2.60 1,904 2.50 1,800 1,707 1,500 2.00 1,200 1.50 900 1.00 600 0.50 300 0.00 0 2013 2014 2013 2014
Slide 10: Outlook for 2015 – Positive Business Development Despite Challenges
OUTLOOK FOR 2015 – POSITIVE BUSINESS DEVELOPMENT DESPITE CHALLENGES. BMW Group Solid increase of BMW Group EBT compared to previous year. Automotive Segment Solid rise in vehicle deliveries and revenues compared to previous year. EBIT marge in target range of 8-10%. Segment Financial Services Return
Slide 11: Agenda
AGENDA. 1 Financial Status of 2014 2 Chances and Challenges in 2015 3 Towards a strong future Capital Markets Day – Dr Friedrich Eichiner Page 11
Slide 12: Currency Fluctuation Is Managed Actively at Strategic and Operational Level
CURRENCY FLUCTUATION IS MANAGED ACTIVELY AT BOTH STRATEGIC AND OPERATIONAL LEVEL. Euro – US Dollar Euro – Rouble Plant Kaliningrad* Plant Spartanburg Euro – Real Natural and financial hedging for core FX: Planning reliability, reduce earning risks Plant Araquari Tailwind of mid triple-digit million
Slide 13: New Models 2015 – Sheer Driving Pleasure from Small to Luxury Segment
NEW MODELS 2015 – SHEER DRIVING PLEASURE FROM SMALL TO LUXURY SEGMENT. BMW 1 Series BMW 2 Series Convertible BMW 2 Series Gran Tourer BMW 6 Series Coupé BMW 6 Series Convertible BMW 6 Series Gran Coupé BMW M6 Coupé BMW X5 M BMW X6 M Capital Markets Day – Dr Friedrich Eichiner Page 13
Slide 14: China: Signs of Ongoing Normalization of the Car Market Continue
CHINA: SIGNS OF AN ONGOING NORMALIZATION OF THE CAR MARKET CONTINUE – HOWEVER PROMISING MIDDLE- AND LONG-TERM PROSPECTS. High brand affinity Economy GDP growth of 7% forecast for 2015 Growth of premium relevant upper Political Anti-Corruption Campaign and upper middle class Traffic control & environ
Slide 15: Agenda
AGENDA. 1 Financial Status of 2014 2 Chances and Challenges in 2015 3 Towards a strong future Capital Markets Day – Dr Friedrich Eichiner Page 15
Slide 16: Technology Will Drive a Fundamental Change of the Automotive Industry
TECHNOLOGY WILL DRIVE A FUNDAMENTAL CHANGE OF THE AUTOMOTIVE INDUSTRY IN THE NEXT YEARS. ELECTRIC MOBILITY DATA AND CONNECTIVITY Capital Markets Day – Dr Friedrich Eichiner Page 16
Slide 17: BMW i Technology to Be Transferred to Core Series Vehicles
BMW i TECHNOLOGY TO BE TRANSFERRED TO CORE SERIES VEHICLES. BMW X5 xDrive40e BMW 3 Series eDrive BMW Concept Active Tourer eDrive ~3.3 ltr/100km // 62 MPGe* ~2.2 ltr/100km// 112 MPGe* 77 g/km CO2 ~ 50 g/km CO2 Market launch: Market launch: Market launch from Autumn 2015 on 2016 (only Europe/ China):
Slide 18: Connected Drive Store: More Connectivity for Our Customers
CONNECTED DRIVE STORE: MORE CONNECTIVITY FOR OUR CUSTOMERS.
Slide 19: From Driving Assistance Features to Highly Automated Driving
FROM DRIVING ASSISTANCE FEATURES TO HIGHLY AUTOMATED DRIVING. BMW GROUP HAS SET A MILESTONE IN LAS VEGAS IN JANUARY 2015. Fully automated remote valet parking 360° collision avoidance Capital Markets Day – Dr Friedrich Eichiner Page 19
Slide 20: Capital Markets Day
March 26, 2015 CAPITAL MARKETS DAY DR FRIEDRICH EICHINER MEMBER OF THE BOARD OF MANAGEMENT OF BMW AG, FINANCE.