Volvo AB Class A · OMXSTO:VOLV_A
Volvo AB Class A — AB Volvo — Q1 2013 Earnings Presentation
15 slides from Volvo AB Class A's earnings presentation, 2013
Slide 1: Volvo Group First quarter 2013
Volvo Group First quarter 2013
Slide 2: AB Volvo
AB Volvo
Slide 3: Trucks Europe: Excellent reception of the new products
TRUCKS EUROPE Excellent reception of the new products – good order trend in Q1 Highlights in Q1 • Strong demand for both classic and new Volvo FH • Production ramp-up of the new Volvo FH • Launch of new Volvo FM range and Volvo FMX Preparations well under way for • Continued low capacity utilization
Slide 4: Strengthened product offering in North America
TRUCKS NORTH AMERICA Strengthened product offering in North America Highlights in Q1 • Deliveries low due to down-weeks • I-shift – standard on Volvo trucks as of 2013 • New 13-liter liquefied gas engine presented • Telematics enables new service offerings The Volvo VNX, a new heavy-haul tractor AB
Slide 5: Increasing production in Brazil – investing in the after-market
TRUCKS SOUTH AMERICA Increasing production in Brazil – investing in the after-market Highlights in Q1 Chile: New dealer facility ready Q3 2013 • Expanding the dealer & service network in Peru, Chile, Argentina and Brazil, total investment about SEK 500 M • Continued strong demand in Brazil • Increas
Slide 6: Slow start to the year but signs of gradual improvement
TRUCKS ASIA Slow start to the year but signs of gradual improvement Highlights in Q1 • Strategic alliance work to form DFCV on track • Strong performance in depressed market in India • Increasing order intake and order book in Japan • Early signs of recovery in Indonesia 935’ 280’ 65’ 2011 2012 2013
Slide 7: Trucks in Q1 - lower sales, low capacity utilization but good order intake
TRUCKS Trucks in Q1 - SEK 12 bn lower sales, low capacity utilization but good order intake AB Volvo First quarter, 2013
Slide 8: Roadmaps and main activities defined to support the strategic objectives
TRUCKS 33 35 roadmaps and 400 main activities defined months to go to support the strategic objectives Major activities in Q1 2013 Major activities in Q3 2012 • Launch of the new generation Volvo FH • Acquisition of 45% of DFCV in China • Cab assembly plant in Russia decided • Study initiated to opt
Slide 9: Construction Equipment: Tough start of the year
CONSTRUCTION EQUIPMENT Tough start of the year EUROPE NORTH AMERICA Slow start Improving construction activity • Continued weak demand in Europe • Lower renewal activity in the rental business • Preparations for Tier 4f • First wheel loader produced in Shippensburg AB Volvo First quarter, 2013
Slide 10: Mining bottoming out on low level
CONSTRUCTION EQUIPMENT Mining bottoming out on low level CHINA REST OF ASIA Inventories in balance in China Mining bottoming out on low level • Pick up in demand from general construction in • Markets in the Philippines, Malaysia, Thailand March and Korea are developing positively • Number one posit
Slide 11: Improved profitability over Q4 on flat sales
CONSTRUCTION EQUIPMENT Improved profitability over Q4 on flat sales AB Volvo First quarter 2013
Slide 12: OK quarter for Volvo Penta – difficult for Buses
BUSES & PENTA OK quarter for Volvo Penta – difficult for Buses 2011 2012 2013 AB Volvo First quarter, 2013
Slide 13: VFS: Stable portfolio development
VFS Stable portfolio development VFS Solid result in Q1 • Stable portfolio development in North America • China over dues improved in March • SEK 99 bn of assets in the credit portfolio • 13% return on Equity AB Volvo First quarter, 2013
Slide 14: A transitional quarter – sales sharply down, orders up
VOLVO GROUP A transitional quarter – sales sharply down, orders up • Sales sharply down by SEK 12.5 bn, 18% lower compared with Q4-2012 • Truck orders up by 30% compared with Q4-2012 • Low capacity utilization, under absorption of costs amounting to SEK 1.9 bn • Efficiency programs in Europe and Jap
Slide 15: Volvo
VOLVO