Slide 1: Full-Year 2015 Presentation
Full-Year 2015 Presentation
Slide 2: Full-Year 2015 Presentation
Full-Year 2015 Presentation Dr. Dieter Zetsche Bodo Uebber February 18, 2016 The figures in this document have been adjusted subsequent to the disclosure on February 4, 2016 in order to reflect expenses from the recall in connection with Takata airbags. Full-Year 2015 Presentation / February 18, 201
Slide 3: Winning a championship is hard. Defending one is even harder
Winning a championship is hard. Defending one is even harder Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 3
Slide 4: Contents
Contents Highlights 2015 Key figures Divisional information Group financials Outlook Guidance Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 4
Slide 5: Mercedes-Benz Cars: All-time sales record. Again
Mercedes-Benz Cars: All-time sales record. Again 2 mn 2011 2012 2013 2014 2015 Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 5
Slide 6: Mercedes-Benz in China: Sales and local production up
China Mercedes-Benz in China: Sales and local production up 387,400 Imported Locally produced 2008 2015 Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 6
Slide 7: Daimler Trucks: Sales top 500,000
Daimler Trucks: Sales top 500,000 502,500 Rest of Rest of world world Asia Asia LatAm LatAm NAFTA NAFTA Western Western Europe Europe 2014 2015 Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 7
Slide 8: Daimler Buses: Leader in our core markets
Daimler Buses: Leader in our core markets Market shares (in percent)* 30.9 Western Europe 49.3 Germany 52.5 Brazil *Based on estimates in certain markets Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 8
Slide 9: Mercedes-Benz Vans: Sprinter – 20 years and counting
Mercedes-Benz Vans: Sprinter – 20 years and counting 321,000 Citan Citan V-Class V-Class Vito Vito Sprinter Sprinter 2014 2015 Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 9
Slide 10: Daimler Financial Services: Engaging customers for life
Daimler Financial Services: Engaging customers for life Number of DFS customers 3.72 mn 2009 2010 2011 2012 2013 2014 2015 Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 10
Slide 11: Contents
Contents Highlights 2015 Key figures Divisional information Group financials Outlook Guidance Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 11
Slide 12: Daimler 2015: Translating sales into profit
Daimler 2015: Translating sales into profit Revenue EBIT from ongoing business Dividend proposed Profit-sharing payout - in bn. euros - - in bn. euros - - in euros - - in euros - 13.8 3.25 5,650 +15% 149.5 +36% +33% +30% 129.9 10.1 2.45 4,350 2014 2015 2014 2015 2014 2015 2014 2015 Daimler AG Full-Y
Slide 13: Key figures
Key figures 2014 2015 Unit sales (in thousands of units) 2,546.0 2,853.0 Revenue 129.9 149.5 EBIT as reported 10.8 13.2 from ongoing business 10.1 13.8 Net profit 7.3 8.7 Free cash flow of the industrial business 5.5 4.0 Earnings per share (in euros) 6.51 7.87 Dividend per share (in euros) 2.45 3.25
Slide 14: Net industrial liquidity: development in 2015
Net industrial liquidity: development in 2015 - in billions of euros - Free cash flow industrial business FY 2015: €4.0bn +8.6 -2.7 -1.9 -2.6 +0.2 18.6 17.0 Net industrial Earnings and Working capital Pension/ Dividend payment Other Net industrial (mainly FX effects, capital liquidity other cash flo
Slide 15: Contents
Contents Highlights 2015 Key figures Divisional information Group financials Outlook Guidance Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 15
Slide 16: Mercedes-Benz Cars: profitable growth through success of attractive models
Mercedes-Benz Cars: profitable growth through success of attractive models Unit sales Revenue EBIT from ongoing business – in thousands of units – – in billions of euros – – in millions of euros – 2,001 83.8 8,343 1,723 73.6 +16% +14% +40% 5,964 2014 2015 2014 2015 2014 2015 Daimler AG Full-Year 201
Slide 17: Mercedes-Benz Cars: sales volume at new record level
Mercedes-Benz Cars: sales volume at new record level - in thousands of units - 2,001 121 smart 1,723 29 Sports Cars 31 92 543 SUVs* 426 106 S-Class 115 306 E-Class 329 470 C-Class 342 387 425 A-/B-Class 2014 2015 * incl. GLA Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 17
Slide 18: Mercedes-Benz Cars: balanced sales structure
Mercedes-Benz Cars: balanced sales structure - unit sales in thousands - 2,001 1,723 468 Rest of world 418 478 Western Europe 396 excl. Germany 296 Germany 272 359 United States 344 293 400 China 2014 2015 Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 18
Slide 19: Mercedes-Benz Cars: EBIT from ongoing business
Mercedes-Benz Cars: EBIT from ongoing business - in millions of euros - + 2,379 Higher unit sales 10.0%* Net pricing 8,343 8.1%* Efficiency enhancements 5,964 Foreign exchange rates Higher expenses for new technologies, future products and additional capacity EBIT EBIT 2014 2015 * Return on sales Da
Slide 20: Daimler Trucks: successful development in heterogeneous market environment
Daimler Trucks: successful development in heterogeneous market environment Unit sales Revenue EBIT from ongoing business – in thousands of units – – in billions of euros – – in millions of euros – 496 502 37.6 2,742 +1% 32.4 +16% +32% 2,073 2014 2015 2014 2015 2014 2015 Daimler AG Full-Year 2015 Pre
Slide 21: Daimler Trucks: sales growth in NAFTA region and Western Europe
Daimler Trucks: sales growth in NAFTA region and Western Europe - in thousands of units - 496 502 64 66 Rest of world 167 148 Asia 31 Latin America 47 192 NAFTA region 161 57 65 Western Europe 2014 2015 Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 21
Slide 22: Daimler Trucks: incoming orders below prior-year level
Daimler Trucks: incoming orders below prior-year level - in thousands of units - 551 68 482 74 Rest of world 165 146 Asia 46 29 Latin America 217 168 NAFTA region 55 65 Western Europe 2014 2015 Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 22
Slide 23: Daimler Trucks: EBIT from ongoing business
Daimler Trucks: EBIT from ongoing business - in millions of euros - + 669 Higher unit sales in NAFTA region and Europe 7.3%* Efficiency enhancements 6.4%* 2,742 Foreign exchange rates 2,073 Lower unit sales in Latin America and Indonesia Higher expenses for new technologies, future products and addi
Slide 24: Mercedes-Benz Vans: success in volatile markets
Mercedes-Benz Vans: success in volatile markets Unit sales Revenue EBIT from ongoing business – in thousands of units – – in billions of euros – – in millions of euros – 321 11.5 295 952 +9% 10.0 +15% +49% 638 2014 2015 2014 2015 2014 2015 Daimler AG Full-Year 2015 Presentation / February 18, 2016 /
Slide 25: Mercedes-Benz Vans: EBIT from ongoing business
Mercedes-Benz Vans: EBIT from ongoing business - in millions of euros - + 314 8.3%* 6.4%* 952 Higher unit sales 638 Material costs Warranty and goodwill costs EBIT EBIT 2014 2015 * Return on sales Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 25
Slide 26: Daimler Buses: strong EBIT despite significant market contraction in Latin America
Daimler Buses: strong EBIT despite significant market contraction in Latin America Unit sales Revenue EBIT from ongoing business – in thousands of units – – in billions of euros – – in millions of euros – 33.2 4.2 4.1 211 202 -15% 28.1 -2% -4% 2014 2015 2014 2015 2014 2015 Daimler AG Full-Year 2015
Slide 27: Daimler Buses: EBIT from ongoing business
Daimler Buses: EBIT from ongoing business - in millions of euros - -9 5.0%* Higher unit sales and better model mix in Europe 4.9%* 211 Efficiency enhancements 202 Foreign exchange rates Negative impact due to economic situation in Latin America EBIT EBIT 2014 2015 * Return on sales Daimler AG Full-Y
Slide 28: Daimler Financial Services: further business growth
Daimler Financial Services: further business growth New business Contract volume EBIT from ongoing business – in billions of euros – – in billions of euros – – in millions of euros – 57.9 116.7 1,619 47.9 +21% 99.0 +18% 1,387 +17% 2014 2015 12/31/2014 12/31/2015 2014 2015 Daimler AG Full-Year 2015 P
Slide 29: Daimler Financial Services: EBIT from ongoing business
Daimler Financial Services: EBIT from ongoing business - in millions of euros - + 232 18.3%* 19.4%* 1,619 1,387 Higher contract volume Foreign exchange rates Higher expenses due to business growth EBIT EBIT 2014 2015 * Return on equity Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Pag
Slide 30: Contents
Contents Highlights 2015 Key figures Divisional information Group financials Outlook Guidance Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 30
Slide 31: Development of EBIT and RoS from ongoing business
Development of EBIT and RoS from ongoing business* - EBIT in billions of euros; RoS in % - 13.8 10.1 9.0 8.2 8.0 9.4% 7.2 8.1% 7.7% 7.4% 6.8% 6.5% 2010 2011 2012 2013 2014 2015 * EBIT from ongoing business of Daimler Group; return on sales from ongoing business of Daimler Group excluding Daimler Fin
Slide 32: Dividend at record level based on strong net profit
Dividend at record level based on strong net profit Net profit* Dividend per share – in billions of euros – – in euros – 8.4 3.25 7.0 thereof: 2.45 related to RRPSH 1.5 and Tesla 2014 2015 2014 2015 (proposed) * attributable to shareholders of Daimler AG Daimler AG Full-Year 2015 Presentation / Febr
Slide 33: Development of dividend per share
Development of dividend per share - in euros - +76% 3.25 2.45 2.20 2.20 2.25 1.85 2010 2011 2012 2013 2014 2015 (proposed) Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 33
Slide 34: Increased investment as a basis for profitable growth
Increased investment as a basis for profitable growth - in billions of euros - 14.2 11.6 10.5 10.5 10.5 Investment in 9.8 7.0 property, plant 8.5 and equipment 5.1 4.8 Research and 6.6 7.2 development 5.7 expenditure Actual Actual Actual Actual Actual Actual Plan 2010 2011 2012 2013 2014 2015 2016/1
Slide 35: Capital expenditure / Research and development
Capital expenditure / Research and development - in billions of euros - Investment in property, plant Research and development and equipment expenditure 7.0 7.2 6.6 5.7 4.8 5.1 Actual Actual Plan Actual Actual Plan 2014 2015 2016/2017 2014 2015 2016/2017 (average p.a.) (average p.a.) Daimler AG Full
Slide 36: Attractive employer …
Attractive employer … Fair value of pension plan assets Profit sharing** – in billions of euros – – in euros – 20.2 5,650 5.0* 11.2 +81% 3,041 +86% 12/31/2010 12/31/2015 2010 2015 * related to extraordinary contributions to the German pension fund assets in 2011, 2014 and 2015 ** paid out to each el
Slide 37: Contents
Contents Highlights 2015 Key figures Divisional information Group financials Outlook Guidance Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 37
Slide 38: 2016: The product offensive continues
2016: The product offensive continues Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 38
Slide 39: Mercedes-Benz E-Class: Masterpiece of intelligence
Mercedes-Benz E-Class: Masterpiece of intelligence Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 39
Slide 40: Mercedes me: Building an eco-system
Mercedes me: Building an eco-system Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 40
Slide 41: Identifying new business opportunities
Identifying new business opportunities Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 41
Slide 42: smart: Summer in the city
smart: Summer in the city Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 42
Slide 43: Bringing e-mobility to everyday life
Bringing e-mobility to everyday life Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 43
Slide 44: Commercial vehicles: Staying the course and accelerating
Commercial vehicles: Staying the course and accelerating Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 44
Slide 45: Investing in our future growth
Investing in our future growth Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 45
Slide 46: Rethinking Leadership
Rethinking Leadership Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 46
Slide 47: Contents
Contents Highlights 2015 Key figures Divisional information Group financials Outlook Guidance Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 47
Slide 48: 2016 sales outlook
2016 sales outlook Significantly higher unit sales Strong momentum from renewed SUV portfolio and further plug-in hybrid models Mercedes-Benz Cars Launch of all-new E-Class, C-Class Coupé, S-Class Cabriolet and smart fortwo cabrio Unit sales at the prior-year level Sustained market leadership in sof
Slide 49: 2016 outlook for EBIT from ongoing business
2016 outlook for EBIT from ongoing business We expect Group EBIT for FY 2016 to increase slightly based on the following expectations for divisional EBIT: Slightly above the prior-year level Mercedes-Benz Cars At the prior-year level Daimler Trucks Slightly above the prior-year level Mercedes-Benz V
Slide 50: Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 50
Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 50
Slide 51: Appendix
Full-Year 2015 Presentation Appendix Full-Year 2015 Presentation / February 18, 2016 /
Slide 52: Key balance sheet and financial figures
Key balance sheet and financial figures Daimler Group Dec. 31, 2014 Dec. 31, 2015 Equity ratio 22.1% 23.6% Gross liquidity 16.3 18.2 Industrial business Equity ratio 40.8% 44.2% Net liquidity 17.0 18.6 Free cash flow 5.5 4.0 in billions of euros Daimler AG Full-Year 2015 Presentation / February 18,
Slide 53: Unit sales
Unit sales 2014 2015 % change Daimler Group 2,546.0 2,853.0 +12 of which Mercedes-Benz Cars 1,722.6 2,001.4 +16 Daimler Trucks 495.7 502.5 +1 Mercedes-Benz Vans 294.6 321.0 +9 Daimler Buses 33.2 28.1 -15 in thousands of units Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 53
Slide 54: Revenue by division
Revenue by division 2014 2015 % change Daimler Group 129.9 149.5 +15 of which Mercedes-Benz Cars 73.6 83.8 +14 Daimler Trucks 32.4 37.6 +16 Mercedes-Benz Vans 10.0 11.5 +15 Daimler Buses 4.2 4.1 -2 Daimler Financial Services 16.0 19.0 +19 Contract volume of Daimler Financial Services* 99.0 116.7 +18
Slide 55: Development of unit sales and revenue by divisions since 2010
Development of unit sales and revenue by divisions since 2010 Sales Revenue – in thousands of units – – in billions of euros – 149.5 2,853 Daimler Financial Services 1,895 97.8 Daimler Buses +51% +53% Mercedes-Benz Vans Daimler Trucks Mercedes-Benz Cars 2010 2015 2010 2015 Daimler AG Full-Year 2015
Slide 56: Revenue by region
Revenue by region 2014 2015 % change Daimler Group 129.9 149.5 +15 of which Western Europe 43.7 49.6 +13 of which Germany 20.4 22.0 +8 NAFTA 38.0 47.7 +25 of which United States 33.3 41.9 +26 Asia 29.4 33.7 +15 of which China* 13.3 14.7 +10 Other markets 18.7 18.5 -1 in billions of euros * excluding
Slide 57: EBIT by division
EBIT by division 2014 2015 - EBIT in millions of euros; RoS in % - EBIT RoS* EBIT RoS* Daimler Group 10,752 8.2 13,186 8.9 of which Mercedes-Benz Cars 5,853 8.0 7,926 9.5 Daimler Trucks 1,878 5.8 2,576 6.9 Mercedes-Benz Vans 682 6.8 880 7.7 Daimler Buses 197 4.7 214 5.2 Daimler Financial Services 1,
Slide 58: Group EBIT in 2015
Group EBIT in 2015 - in millions of euros - +905 -491 +232 +98 -1,249 +2,939 • Cars -204 13,186 • Cars +451 • Trucks -165 • Trucks +409 • Vans -130 of which: • Vans +15 • Buses +8 • Own dealer • Buses +30 network -28 10,752 • Recall due to Takata airbags -340 • Public-sector • Cars +2,133 levies rel
Slide 59: Group EBIT in Q4 2015
Group EBIT in Q4 2015 - in millions of euros - +367 -438 +692 +88 -55 +109 2,901 • Cars +363 of which: • Trucks +23 • Cars -457 • Trucks +60 • Own dealer • Vans +36 network +23 • Buses -55 • Vans -111 2,138 • Buses +70 • Recall due to Takata airbags -340 • Public-sector • Cars +491 levies related •
Slide 60: Special items affecting EBIT
Special items affecting EBIT Q4 Full year Mercedes-Benz Cars 2014 2015 2014 2015 Restructuring of own dealer network -81 -49 -81 -64 Relocation of headquarters of MBUSA – -9 – -19 Sale of real estate in the United States – – – +87 Impairment of investments in the area of alternative drive systems –
Slide 61: Special items affecting EBIT
Special items affecting EBIT Q4 Full year Mercedes-Benz Vans 2014 2015 2014 2015 Restructuring of own dealer network -17 -18 -17 -29 Relocation of headquarters of MBUSA – -1 – -3 Reversal of impairment of investment in FBAC – – +61 – Recall in connection with Takata airbags – -40 – -40 Daimler Buses
Slide 62: EBIT from ongoing business
EBIT from ongoing business 2014 2015 - EBIT in millions of euros; RoS in % - EBIT RoS* EBIT RoS* Daimler Group 10,146 7.7 13,829 9.4 of which Mercedes-Benz Cars 5,964 8.1 8,343 10.0 Daimler Trucks 2,073 6.4 2,742 7.3 Mercedes-Benz Vans 638 6.4 952 8.3 Daimler Buses 211 5.0 202 4.9 Daimler Financial
Slide 63: Q4 2015: EBIT from ongoing business
Q4 2015: EBIT from ongoing business Q4 2014 Q4 2015 - EBIT in millions of euros; RoS in % - EBIT RoS* EBIT RoS* Daimler Group 2,824 8.0 3,478 8.7 of which Mercedes-Benz Cars 1,758 8.7 2,154 9.6 Daimler Trucks 583 6.6 684 6.8 Mercedes-Benz Vans 158 5.8 297 8.5 Daimler Buses 35 2.7 20 1.7 Daimler Fina
Slide 64: Assumptions for automotive markets in 2016
Assumptions for automotive markets in 2016 Global +3 to 4% Western Europe slight growth Car markets USA slight growth China significant growth NAFTA region around -10% Medium- and Europe slight growth heavy-duty truck Japan* around the prior-year level markets Brazil around -10% Indonesia* around th
Slide 65: Capital expenditure / Research and development
Capital expenditure / Research and development Investment in property, plant Research and development and equipment expenditure Actual Actual Plan* Actual Actual Plan* 2014 2015 2016-2017 2014 2015 2016-2017 Daimler Group 4.8 5.1 7.0 5.7 6.6 7.2 of which Mercedes-Benz Cars 3.6 3.6 5.0 4.0 4.7 5.4 Da
Slide 66: Mercedes-Benz Vans: market success of mid-size vans
Mercedes-Benz Vans: market success of mid-size vans - in thousands of units - 321 295 194 Sprinter 186 74 Vito 60 26 31 V-Class* 22 22 Citan 2014 2015 * incl. Viano Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 66
Slide 67: Daimler Buses: lower demand for bus chassis in Brazil
Daimler Buses: lower demand for bus chassis in Brazil - unit sales in thousands - 33.2 2.9 28.1 4.0 2.6 Rest of world 4.7 Latin America 13.6 (excl. Brazil and Mexico) 7.2 Brazil 3.6 4.0 Mexico 9.1 9.6 Europe 2014 2015 Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 67
Slide 68: Daimler Financial Services: growth in all regions
Daimler Financial Services: growth in all regions - contract volume in billions of euros - 116.7 99.0 20.2 Africa & Asia-Pacific 15.4 50.8 Americas 43.1 21.7 25.8 Europe (excl. Germany) 18.7 19.8 Germany 12/31/2014 12/31/2015 Daimler AG Full-Year 2015 Presentation / February 18, 2016 / Page 68
Slide 69: Daimler Financial Services: net credit losses at low level
Daimler Financial Services: net credit losses* at low level 0.89% 0.83% 0.69% 0.68% 0.61% 0.50% 0.51% 0.43% 0.36% 0.37% 0.34% 0.31% 0.24% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 * as a percentage of portfolio, subject to credit risk Daimler AG Full-Year 2015 Presentation / F
Slide 70: Disclaimer
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 identify forward-lookin
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