Volvo Ab Class A · OMXSTO:VOLV_A
Volvo Ab Class A — AB Volvo — Q1 2003 Earnings Presentation
17 slides from Volvo Ab Class A's earnings presentation, Apr 28, 2003
Slide 1: First Quarter 2003 Press Conference
First Quarter 2003 Press Conference, April 28, 2003
Slide 2: Highlights
Press Conference Q1 2003 1 Highlights First Quarter In Focus Going Forward z Uncertain business climate z Readiness to adapt to demand changes z Strong earnings improvement z Continued truck integration - Improved Truck result in Europe - Reduced losses in N. America z Cash flow - Volvo CE z Continu
Slide 3: Net sales, Operating income, Earnings per share
Press Conference Q1 2003 2 Net sales (SEK bn) Europe North 62% America Asia 23% 7% Q1 02 Q2 02 Q3 02 Q4 02 Q1 03 South 40.4 49.3 41.5 45.9 40.9 America Rest of 177.3 179.4 179.8 177.1 177.6 2% the world 6% Quarter 12 months rolling Operating income Earnings per share (SEK M) (SEK) Q1 02 Q2 02 Q3 02
Slide 4: Trucks
Press Conference Q1 2003 3 Trucks First Quarter Net sales Operating income (SEK bn) (SEK M) Q1 02 Q2 02 Q3 02 Q4 02 Q1 03 Q1 02 Q2 02 Q3 02 Q4 02 Q1 03 26.6 32.6 28.5 31.1 27.4 -474 483 673 507 527 116.7 119.2 121.3 118.8 119.6 -1.8% 1.5% 2.4% 1.6% 1.9% Quarter 12 months rolling -1,371 -1,527 766 1,
Slide 5: Heavy Duty Truck Market – Western Europe
Press Conference Q1 2003 4 Heavy Duty Truck Market Western Europe Units, Thousands (heavy trucks) 300 250 200 150 100 50 0 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 '00 '01 '02 '03 AB Volvo 03-04-28
Slide 6: Heavy Duty Truck Market – North America
Press Conference Q1 2003 5 Heavy Duty Truck Market North America Units, Thousands (heavy trucks) 350 300 250 200 150 100 50 0 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 '00 '01 '02 '03 AB Volvo 03-04-28
Slide 7: Heavy Duty Truck Market: New Volvo VN ramp up completed
Press Conference Q1 2003 6 Heavy Duty Truck Market New Volvo VN ramp up completed AB Volvo 03-04-28
Slide 8: Volvo Buses
Press Conference Q1 2003 7 Volvo Buses First Quarter Net sales Operating income (SEK bn) (SEK M) Q1 02 Q2 02 Q3 02 Q4 02 Q1 03 Q1 02 Q2 02 Q3 02 Q4 02 Q1 03 3.2 4.1 2.9 3.9 3.0 -94 51 -84 33 -83 16.1 15.4 14.2 14 13.8 -3.0% 1.2% -2.9% 0.9% -2.8% -927 -851 -708 -94 -83 Quarter 12 months rolling Quart
Slide 9: Volvo Buses
Press Conference Q1 2003 8 Volvo Buses Volvo B7R city bus in the streets of Shanghai AB Volvo 03-04-28
Slide 10: Volvo Construction Equipment
Press Conference Q1 2003 9 Volvo Construction Equipment First Quarter Net sales Operating income (SEK bn) (SEK M) Q1 02 Q2 02 Q3 02 Q4 02 Q1 03 Q1 02 Q2 02 Q3 02 Q4 02 Q1 03 4.5 6.2 5.1 5.3 4.8 -131 464 120 -47 140 20.9 21.0 20.7 21.0 21.3 -2.9% 7.5% 2.4% -0.9% 2.9% 315 371 309 406 677 Quarter 12 mo
Slide 11: Volvo Construction Equipment
Press Conference Q1 2003 10 Volvo Construction Equipment New medium range of wheel loaders AB Volvo 03-04-28
Slide 12: Volvo Penta
Press Conference Q1 2003 11 Volvo Penta First Quarter Net sales Operating income (SEK bn) (SEK M) Q1 02 Q2 02 Q3 02 Q4 02 Q1 03 Q1 02 Q2 02 Q3 02 Q4 02 Q1 03 2.0 2.2 1.7 1.7 1.9 146 225 117 159 159 7.6 7.9 7.8 7.7 7.6 7.4% 10.0% 6.7% 9.2% 8.3% 637 640 616 647 660 Quarter 12 months rolling Quarter Ma
Slide 13: Volvo Aero
Press Conference Q1 2003 12 Volvo Aero First Quarter Net sales Operating income (SEK bn) (SEK M) Q1 02 Q2 02 Q3 02 Q4 02 Q1 03 Q1 02 Q2 02 Q3 02 Q4 02 Q1 03 2.5 2.3 2.0 2.1 2.2 78 40 -72 -41 -6 11.7 10.9 9.9 8.8 8.6 3.1% 1.7% -3.7% -2.0% -0.3% 571 325 135 5 -79 Quarter 12 months rolling Quarter Marg
Slide 14: Volvo Financial Services
Press Conference Q1 2003 13 Volvo Financial Services First Quarter New financing Operating income and Return on equity (SEK bn) (SEK M) Q1 02 Q2 02 Q3 02 Q4 02 Q1 03 Q1 02 Q2 02 Q3 02 Q4 02 Q1 03 5.8 6.8 6.5 7.2 5.9 115 120 126 129 212 23.7 25.2 26.5 26.3 26.5 4.1% 3.7% 3.8% 4.8% 5.5% Quarter 12 mon
Slide 15: Volvo Financial Services: New financing
Press Conference Q1 2003 14 Volvo Financial Services First Quarter New financing Penetration on new financing 16% 7% 52% 17% Volvo Renault Volvo Mack Volvo CE Trucks Trucks Buses 7% 29% 13% 11% 31% 21% 1% AB Volvo 03-04-28
Slide 16: Volvo Group Summary
Press Conference Q1 2003 15 Volvo Group Summary z Uncertain business climate z Strong earnings improvement - Improved Truck result in Europe - Reduced losses in N. America - Volvo CE z Strengthening of dealer networks - Public offer for Bilia commercial division in Europe - Mack / Volvo optimization
Slide 17: Press Conference Q1 2003
Press Conference Q1 2003 16 AB Volvo 03-04-28