Mercedes-benz Group Ag · XETR:MBG
Mercedes-benz — Q3 2025 Earnings Presentation
77 slides from Mercedes-benz's earnings presentation, 2025
Slide 1: Roadshow Presentation Mercedes-Benz Group AG Q3 2025
ROADSHOW PRESENTATION MERCEDES-BENZ GROUP AG — MERCEDES-BENZ — Q3 2025
Slide 2: Agenda
AGENDA I. Mercedes-Benz Cars: Five reasons for confidence — ROADSHOW PRESENTATION Q3 2025 — 1. Biggest product launch program in our history — MERCEDES-BENZ — 2. Next generation of MB Tech 3. Taking performance to the next level 4. Increasing resilience and reshaping global footprint 5. Attractive s
Slide 3: Mercedes-Benz Cars: Five Reasons for Confidence
MERCEDES-BENZ CARS: FIVE REASONS FOR CONFIDENCE FIVE REASONS FOR CONFIDENCE . MERCEDES -BENZ IS DETERMINED TO DELIVER — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — Biggest product Next Taking Increasing Attractive launch generation performance resilience & reshaping shareholder programme of MB
Slide 4: Agenda
AGENDA I. Mercedes-Benz Cars: Five reasons for confidence — ROADSHOW PRESENTATION Q3 2025 — 1. Biggest product launch program in our history — MERCEDES-BENZ — 2. Next generation of MB Tech 3. Taking performance to the next level 4. Increasing resilience and reshaping global footprint 5. Attractive s
Slide 5: Mercedes-Benz – the original and most valuable luxury car brand
BIGGEST PRODUCT LAUNCH PROGRAM IN OUR HISTORY M E R C E D E S - B EN Z – T H E O R I G I N A L A N D M O S T V A L U A B L E L U X U R Y CAR BRAND Heritage: Formula 1: The power of F1 for our brand — ROADSHOW PRESENTATION Q3 2025 — Mercedes-Benz is built on constant reinvention 97 mn — MERCEDES-BENZ
Slide 6: What makes a car a Mercedes-Benz?
BIGGEST PRODUCT LAUNCH PROGRAM IN OUR HISTORY WHAT MAKES A CAR A MERCEDES-BENZ? THE PERFECT COMBINATION OF EXTRAORDINARY DETAILS — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — Safety Quality Comfort Intelligence Design Trustworthy Engineering Effortless Hyper-personalized Sensual responsibility
Slide 7: Biggest-ever product launch program: >40 launches until end of 2027
BIGGEST PRODUCT LAUNCH PROGRAM IN OUR HISTORY OUR BIGGEST -EVER PRODUCT LAUNCH PROGRAM: >40 PRODUCT LAUNCHES UNTIL THE END OF 2027 2025 2026 2027 — ROADSHOW PRESENTATION Q3 2025 — ICE Top-End BEV — MERCEDES-BENZ — ICE Core BEV ICE Entry BEV 7 For illustrative purposes – not exhaustive
Slide 8: Mastering transition years and preparing for unprecedented product launches
BIGGEST PRODUCT LAUNCH PROGRAM IN OUR HISTORY MASTERING TRANSITION YEARS AND PREPARING FOR UNPRECEDENTED PRODUCT LAUNCHES GLOBAL SALES* — ROADSHOW PRESENTATION Q3 2025 — 1,983 1,299 — MERCEDES-BENZ — Volume 684 China Cautious outlook on China. 2024 2025 2026 2027 Preparing product offensive to gain
Slide 9: Refocused entry segment: CLA and SUVs
BIGGEST PRODUCT LAUNCH PROGRAM IN OUR HISTORY WE’VE REFOCUSED OUR ENTRY SEGMENT TO THE MOST STANDOUT MODELS. THEY’RE MOVING TECHNOLOGICAL BOUNDARIES IN THIS CLASS. — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — CLA SUVs Premiere of CLA & Debut of GLB & CLA SB in 2025 GLA in 2026 9
Slide 10: As a tech frontrunner, the CLA elevates the game
BIGGEST PRODUCT LAUNCH PROGRAM IN OUR HISTORY AS A TECH FRONTRUNNER, THE CLA ELEVATES THE GAME — ROADSHOW PRESENTATION Q3 2025 — 792 km electric range (WLTP), 866 km electric range (CLTC) — MERCEDES-BENZ — Energy consumption of 14.1-12.2 kWh/100 kilometres (WLTP) Up to 325 km charge within 10 min Te
Slide 11: Core segment: GLC, C-Class, E-Class
BIGGEST PRODUCT LAUNCH PROGRAM IN OUR HISTORY THE CORE SEGMENT REMAINS THE BACKBONE OF OUR BUSINESS. WE’LL COMPLETE OUR PORTFOLIO ACROSS ALL POWERTRAINS. — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — GLC C-Class E-Class Continuing success 800 kilometres Next level story in electric era of rang
Slide 12: The all-new Mercedes-Benz GLC
BIGGEST PRODUCT LAUNCH PROGRAM IN OUR HISTORY THE ALL -NEW MERCEDES -BENZ GLC: EFFORTLESSLY UNCOMPROMISING WITH WELCOME HOME FEELING — — RU OB A First Mercedes-Benz with > 700 km range (WLTP) SKY CONTROL panoramic roof S DFSLHAOGW redesigned brand-defining with ambient light illuminated and chromed
Slide 13: Strengthening the upper end of the portfolio
BIGGEST PRODUCT LAUNCH PROGRAM IN OUR HISTORY WE’VE ACHIEVED A STRUCTURALLY HIGHER TOP -END SHARE. IN THE NEXT YEARS, WE’LL MASSIVELY STRENGTHEN THE UPPER END OF OUR PORTFOLIO. — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — AMG Maybach G-Class S-Class Redefining BEV/ Evolving brand, Expansion U
Slide 14: Adventurous Luxury
— ROADSHOW PRESENTATION Q3 2025 — ADVENTUROUS LUXURY 14 — MERCEDES-BENZ —
Slide 15: A unique success story driven by special models and editions
A UNIQUE SUCCESS STORY DRIVEN BY SPECIAL MODELS AND EDITIONS — ROADSHOW PRESENTATION Q3 2025 — 42.3k CAGR 2014–2024: +11.2% — MERCEDES-BENZ — Growth fueled by strong, sustained demand and the success of special models and limited editions, while 14.7k carefully managed to preserve the exceptional de
Slide 16: Maybach: Sophisticated Luxury
MAYBACH — ROADSHOW PRESENTATION Q3 2025 — S O P H I S T I C AT E D L U X U R Y — MERCEDES-BENZ — MAYBACH REPRESENTS THE PINNACLE OF PERFECTION AND SOPHISTICATED DESIGN, PAIRED WITH TECHNICAL INNOVATION AND OUTSTANDING CRAFTMANSHIP 16
Slide 17: Maybach: Growing the brand
MAYBACH GROWING THE BRAND SALES 2015 – 2024 FAST GROWTH TO STRONG POSITION MAYBACH & LUXURY COMPETITORS — ROADSHOW PRESENTATION Q3 2025 — Maybach has experienced strong growth (Source: company resources) in recent years, outpacing its competitors. Even in a recently more challenging business environ
Slide 18: AMG: Performance Luxury
AMG — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — PERFORMANCE LUXURY OUR AMBITION : MAKING AMG THE MOST SUCCESSFUL PERFORMANCE BRAND 18
Slide 19: AMG sales: strong growth driven by a desirable portfolio
AMG AMG SALES: STRONG GROWTH DRIVEN BY A HIGHLY DESIRABLE PORTFOLIO Unit sales CAGR 2014-2024: 11.3% — ROADSHOW PRESENTATION Q3 2025 — 150,000 Strategically optimized portfolio: — MERCEDES-BENZ — 100,000 Capitalised on untapped market potential by closing key gaps in the lineup with targeted new mod
Slide 20: Agenda
AGENDA I. Mercedes-Benz Cars: Five reasons for confidence — ROADSHOW PRESENTATION Q3 2025 — 1. Biggest product launch program in our history — MERCEDES-BENZ — 2. Next generation of MB Tech 3. Taking performance to the next level 4. Increasing resilience and reshaping global footprint 5. Attractive s
Slide 21: Desirable HEV and BEV in an uncompromising line-up
NEXT GENERATION OF MB TECH WE OFFER BOTH DESIRABLE HEV AND BEV IN AN UNCOMPROMISING LINE-UP FROM ENTRY TO TOP -END — ROADSHOW PRESENTATION Q3 2025 — BATTERY ELECTRIC … ELECTRIFIED DRIVETRAIN & … COMBUSTION ENGINE — MERCEDES-BENZ — TOP-END TOP-END & CORE Uncompromising through dedication to battery-
Slide 22: MMA – uncompromising drivetrain flexibility in the entry segment
NEXT GENERATION OF MB TECH MMA – UNCOMPROMISING DRIVETRAIN FLEXIBILITY IN THE ENTRY SEGMENT — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — Drivetrain-flexible with no compromise High-tech electrified M252 Interior space matches four-cylinder petrol engine with Electric Drive Unit 2.0 with all-e
Slide 23: Concept AMG GT XX: the legacy continues
NEXT GENERATION OF MB TECH CONCEPT AMG GT XX: THE LEGACY CONTINUES AMG NEVER RESTING. — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — DURATION OF THE RUNNING DISTANCE RECORDS RECORD DRIVE SPEED COVERED BROKEN 7 d, 13 h, 24 min, 7 sec 300 km/h 40,075 km 25 23
Slide 24: Every new Mercedes-Benz will be software-defined
NEXT GENERATION OF MB TECH EVERY NEW MERCEDES -BENZ WILL BE SOFTWARE -DEFINED. IT’S THE FOUNDATION TO ELEVATE THE DIGITAL CUSTOMER EXPERIENCE. — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — Chip-to-Cloud User Experience ADAS Own architecture with Integration of local leverage fleet data to full
Slide 25: MB.OS brings our SDV architecture to the entire portfolio
NEXT GENERATION OF MB TECH MB.OS BRINGS OUR SDV ARCHITECTURE TO THE ENTIRE MERCEDES -BENZ PORTFOLIO — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — All powertrains – BEV, PHEV, ICE Full vehicle updateable Mercedes-Benz Cars and Vans, Maybach and AMG 25
Slide 26: Software-defined vehicles offering an exceptional digital experience
NEXT GENERATION OF MB TECH OUR SOFTWARE -DEFINED VEHICLES WILL OFFER AN EXCEPTIONAL DIGITAL EXPERIENCE — ROADSHOW PRESENTATION Q3 2025 — Architects of MB.OS Scalable to fit every segment Combining in-house expertise with a selection — MERCEDES-BENZ — of world-class technology partners Full control o
Slide 27: MB.OS: the AI-enhanced superbrain
NEXT GENERATION OF MB TECH MB.OS: THE AI -ENHANCED SUPERBRAIN OUR SDV ARCHITECTURE WITH FUNCTIONAL ZONES — AD & MBUX — RU OB A Vehicle & Drive Controller High-performance as service providers S DFSLHAOGW computing with state of the for functional zones — MERCEDES-BENZ — art SoC by NVIDIA & S HPI R P
Slide 28: Transformation through AI
NEXT GENERATION OF MB TECH TRANSFORMATION THROUGH AI. INTELLIGENT MB PRODUCTS AND COST -EFFICIENT BUSINESS — ROADSHOW PRESENTATION Q3 2025 — CONVERSATIONAL AI BEHAVIOURAL AI AGENTIC AI INTELLIGENCE — MERCEDES-BENZ — New natural conversations Proactive UI experience Hyper-personalised user experience
Slide 29: Advancing automated driving technology
NEXT GENERATION OF MB TECH WE ADVANCE AUTOMATED DRIVING TECHNOLOGY TO EXPAND OUR LEADING ROLE LEVEL 2+ POINT-TO-POINT LEVEL 3 LEVEL 4 — ROADSHOW PRESENTATION Q3 2025 — CONDITIONAL AUTOMATION PARTIAL AUTOMATION ASSISTED DRIVING HIGH-LEVEL AUTOMATION PARTIAL AUTOMATION — MERCEDES-BENZ — INTELLIGENT PO
Slide 30: Agenda
AGENDA I. Mercedes-Benz Cars: Five reasons for confidence — ROADSHOW PRESENTATION Q3 2025 — 1. Biggest product launch program in our history — MERCEDES-BENZ — 2. Next generation of MB Tech 3. Taking performance to the next level 4. Increasing resilience and reshaping global footprint 5. Attractive s
Slide 31: Intensifying efforts to reduce costs and prioritise funding
TAKING PERFORMANCE TO THE NEXT LEVEL WE’RE INTENSIFYING OUR EFFORTS TO FUNDAMENTALLY REDUCE COSTS AND PRIORITISE FUNDING. — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — Production cost Material cost Fixed costs Investments >10% reduction >8% reduction >10% reduction >10% reduction until 2027 un
Slide 32: Tackling our material costs
TAKING PERFORMANCE TO THE NEXT LEVEL WE TACKLE OUR MATERIAL COSTS — ROADSHOW PRESENTATION Q3 2025 — Beat 2026: design-to-cost, strict standardization of MATERIAL COST REDUCTION — MERCEDES-BENZ — components and modules, low-cost country sourcing. > -8% Battery costs: -30% €/kWh reduced for MMA vs. pr
Slide 33: Allocating capital to the most promising segments
TAKING PERFORMANCE TO THE NEXT LEVEL WE CONTINUE TO ALLOCATE OUR CAPITAL TO THE MOST PROMISING SEGMENTS 2019 – 2024 CAPEX AND R&D INVESTMENTS* — ROADSHOW PRESENTATION Q3 2025 — Capex share of investments significantly down. Investment peak in 2025 > -10% — MERCEDES-BENZ — driven by unprecedented pro
Slide 34: Continued fundamental fixed cost savings
TAKING PERFORMANCE TO THE NEXT LEVEL CONTINUED FUNDAMENTAL FIXED COST SAVINGS ADDITIONAL >10% UNTIL 2027 FIXED COST REDUCTION — ROADSHOW PRESENTATION Q3 2025 — (NET OF INFLATION)* — MERCEDES-BENZ — Headcount reduction using all levers -19% such as attrition, no replacements, voluntary redundancy pro
Slide 35: Agenda
AGENDA I. Mercedes-Benz Cars: Five reasons for confidence — ROADSHOW PRESENTATION Q3 2025 — 1. Biggest product launch program in our history — MERCEDES-BENZ — 2. Next generation of MB Tech 3. Taking performance to the next level 4. Increasing resilience and reshaping global footprint 5. Attractive s
Slide 36: Streamlining our operations in Europe
INCREASING RESILIENCE AND RESHAPING GLOBAL FOOTPRINT WE’RE STREAMLINING OUR OPERATIONS IN EUROPE. — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — Shifting capacity Making German footprint Started sale of own towards east more weatherproof retail in Germany 36
Slide 37: Building on our regional setup in the U.S.
INCREASING RESILIENCE AND RESHAPING GLOBAL FOOTPRINT WE’RE BUILDING ON OUR REGIONAL SETUP IN THE U.S. — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — Grow sales & Elevate customer Strengthen contribution experience local team 37
Slide 38: Taking on the competition in China
INCREASING RESILIENCE AND RESHAPING GLOBAL FOOTPRINT WE’RE TAKING ON THE COMPETITION IN CHINA. — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — China-fit Competitive Trusted Relevance products cost positioning brand & resilience 38
Slide 39: Substantially optimizing production costs
INCREASING RESILIENCE AND RESHAPING GLOBAL FOOTPRINT SUBSTANTIALLY OPTIMIZING PRODUCTION COSTS DOUBLING THE LOW-COST PRODUCTION COSTS — ROADSHOW PRESENTATION Q3 2025 — COUNTRY SHARE IN EU 15% to 30% -10% > -10% — MERCEDES-BENZ — from Act 2024 vs. 2027 Act 2024 vs. Act 2022 2027 vs. Act 2024 Factor c
Slide 40: Industrial base tailored to market demand
INCREASING RESILIENCE AND RESHAPING GLOBAL FOOTPRINT INDUSTRIAL BASE TAILORED TO MARKET DEMAND GLOBAL PRODUCTION CAPACITY 2024* RIGHTSIZING PRODUCTION FOOTPRINT* — ROADSHOW PRESENTATION Q3 2025 — EUROPE/ AMERICA ASIA Sale of Hambach Rightsizing Germany REST OF WORLD and small volume plants in Option
Slide 41: Geopolitical hedge: increasing local-for-local production
INCREASING RESILIENCE AND RESHAPING GLOBAL FOOTPRINT GEOPOLITICAL HEDGE: INCREASING SHARE OF LOCAL - FOR-LOCAL PRODUCTION FROM 60% TO 70% — ROADSHOW PRESENTATION Q3 2025 — FUTURE GLOBAL PRODUCTION NETWORK** USA our “Home of SUVs” Imported and exported vehicles in balance (ca. 200k). — MERCEDES-BENZ
Slide 42: Agenda
AGENDA I. Mercedes-Benz Cars: Five reasons for confidence — ROADSHOW PRESENTATION Q3 2025 — 1. Biggest product launch program in our history — MERCEDES-BENZ — 2. Next generation of MB Tech 3. Taking performance to the next level 4. Increasing resilience and reshaping global footprint 5. Attractive s
Slide 43: Margins back to double-digit
ATTRACTIVE SHAREHOLDER RETURNS M ARGI NS BACK TO DOUBLE -DI GI T BE CAUSE I T‘S M E RCE DE S -BE NZ — ROADSHOW PRESENTATION Q3 2025 — RoS in % MB CARS MARGIN CORRIDOR** Pre-Tariff ≥ 10% — MERCEDES-BENZ — 10 MASTERING TRANSFORMATION Prudent macro and market perspective. 6-8% Product momentum material
Slide 44: A much better financial shape
ATTRACTIVE SHAREHOLDER RETURNS WE’VE PUT OURSELVES IN A MUCH BETTER FINANCIAL SHAPE Group Free Cash Flow Group Net Industrial — ROADSHOW PRESENTATION Q3 2025 — in billion euros Liquidity in billion euros — MERCEDES-BENZ — 31.4 9.2 share buyback volume 11 & paid dividend in 2024 1.4 2019 2024 2019 20
Slide 45: Benchmark shareholder return continues
ATTRACTIVE SHAREHOLDER RETURNS B E N C H M A R K S H A R E H O L D ER R E T U R N C O N T I N U E S BACKED BY STRONG CASH GENERATION Generated Free Cash Flow Dividend YTD25 9M paid out in May 2025 — MERCEDES-BENZ — 5.6 bn New Share Buyback up to 2bn EUR 4.1 bn Planned start November 3, 2025 with a d
Slide 46: Agenda
AGENDA I. Mercedes-Benz Cars: Five reasons for confidence — ROADSHOW PRESENTATION Q3 2025 — 1. Biggest product launch program in our history — MERCEDES-BENZ — 2. Next generation of MB Tech 3. Taking performance to the next level 4. Increasing resilience and reshaping global footprint 5. Attractive s
Slide 47: Mercedes-Benz Vans: our products keep the world running
MERCEDES-BENZ VANS OUR PRODUCTS KEEP THE WORLD RUNNING — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — Private Usage Services & Crafts Rental Trade & eGrocery Construction CEP & Logistics Private 20% Commercial 80% Deployment & Recreational People Mover Manufacturing Municipal Vehicles Ordered a
Slide 48: Product portfolio VAN.EA & VAN.CA
MERCEDES-BENZ VANS PRODUCT PORTFOLIO VAN.EA & VAN.CA WE OFFER BOTH DESIRABLE ICE & BEV IN ONE ARCHITECTURE Battery Electric … Electrified — ROADSHOW PRESENTATION Q3 2025 — Drivetrain & … Combustion Engine Flexibility: Flexible for changing customer demand. — MERCEDES-BENZ — Offering of latest techno
Slide 49: Taking big steps into the right direction
MERCEDES-BENZ VANS TAKING BIG STEPS INTO THE RIGHT DIRECTION FOR OUR CURRENT AND OUR FUTURE PRODUCTS — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — Van Uptime Monitor is now available Mercedes-Benz Vitoria plant is ready Besides celebrating 30 years of as free of charge Digital Extra for all fo
Slide 50: Electrification roadmap
MERCEDES-BENZ VANS ELECTRIFICATION ROADMAP 2010 2023 2026 2030 — ROADSHOW PRESENTATION Q3 2025 — Introduction Electrification of every Van Launch of new Van up to 50% share of of first electric Vito segment & presentation of architecture battery electric vehicles* — MERCEDES-BENZ — new eSprinter * M
Slide 51: Raising our ambition level: tackling costs at all levels
MERCEDES-BENZ VANS RAISING OUR AMBITION LEVEL: TACKLING COSTS AT ALL LEVELS — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — C O M P AN Y O P ERAT ION S PRO DUCT S FIXED COSTS HOURS PER VEHICLE (HPV) PORTFOLIO VARIANTS -20%* (Target exceeded) -25%* (Target achievement on track) -30%* (Target achi
Slide 52: MB Vans transformation until 2030
MERCEDES-BENZ VANS MB VANS TRANSFORMATION UNTIL 2030 Capex & R&D investments schematic — MERCEDES-BENZ — 2022 2024 2026 2028 2030 As expected, the investment for the transformation in 2025 is close to the peak - CCR adj. 0.6 – 0.8 52
Slide 53: Agenda
AGENDA I. Mercedes-Benz Cars: Five reasons for confidence — ROADSHOW PRESENTATION Q3 2025 — 1. Biggest product launch program in our history — MERCEDES-BENZ — 2. Next generation of MB Tech 3. Taking performance to the next level 4. Increasing resilience and reshaping global footprint 5. Attractive s
Slide 54: Executive Summary Q3 2025
RESULTS Q3 2025 EXECUTIVE SUMMARY Q3 2025 1. Strategy Execution • Product offensive started with CLA, our first software-defined vehicle on the road, now also available with LFP battery. • Product offensive continues: GLC world premiere at IAA with fantastic feedback, competitively priced and order
Slide 55: Kicked off our biggest-ever product launch programme
RESULTS Q3 2025 WE’VE KICKED OFF OUR BIGGEST -EVER PRODUCT LAUNCH PROGRAMME — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — Energy consumption combined: 18,9 – 14,9 kWh/100 km | CO₂ emissions combined: 0 g/km | CO₂ class: A CLA CLA Shooting Brake GLC VLE / VLS Class of its own More room for The
Slide 56: Pushing the boundaries of technology for our customers
RESULTS Q3 2025 WE’RE PUSHING THE BOUNDARIES OF TECHNOLOGY FOR OUR CUSTOMERS — ROADSHOW PRESENTATION Q3 2025 — — MERCEDES-BENZ — Electric drive Software Automated Driving New era of performance Launch, roll-out & Premiere of Point-to- with AMG GT XX evolution of MB.OS Point assisted driving 56
Slide 57: Mercedes-Benz Group: Key Figures
MERCEDES-BENZ GROUP: KEY FIGURES Q 3 U N D E R L Y I NG P E R F O R M A N C E I N L I N E W I T H E X P E C T A T I O N S , CASH GENERATION CONTINUED — ROADSHOW PRESENTATION Q3 2025 — Revenue EBIT / EBIT adj. Earnings per share Free Cash Flow (IB) Net Industrial Liquidity in billion euros in billion
Slide 58: Mercedes-Benz Cars: Top-End and Electric Vehicle Unit Sales
MERCEDES-BENZ CARS: TOP-END AND ELECTRIC VEHICLE UNIT SALES TOP-END SALES INCREASED, ELECTRIC VEHICLES SUPPORTED BY NEW CLA In thousand units -12% 504 +10% +10% Top-End 62 441 68* 96 — MERCEDES-BENZ — 68 62* 87 12 G 9 5 Maybach 5 43 BEV** Core 301 43 250 34 AMG 32 54 PHEV S, EQS, 45 Entry** 141 26 2
Slide 59: Mercedes-Benz Cars: Financials
MERCEDES-BENZ CARS: FINANCIALS IN A DYNAMIC ENVIRONMENT FINANCIALS SHOW RESILIENCE Sales Revenue EBIT adj. CFBIT adj. — ROADSHOW PRESENTATION Q3 2025 — in thousand units in billion euros in billion euros in billion euros -12% -7% -37% — MERCEDES-BENZ — 504 25.6 2.4 23.7 441 1.5 -6% 1.2 1.1 66.8 ASP*
Slide 60: Mercedes-Benz Cars: EBIT & RoS
MERCEDES-BENZ CARS: EBIT & ROS NEXT LEVEL PERFORMANCE AND COST EFFICIENCY MEASURES AT WORK In million euros Gross Profit -465 — ROADSHOW PRESENTATION Q3 2025 — 1,207 287 1,139 — MERCEDES-BENZ — -50 56 104 629 RoS: Material cost savings and efficiencies in production RoS: 4.7% -634 Lower SG&A and
Slide 61: Mercedes-Benz Cars: EBIT to CFBIT
MERCEDES-BENZ CARS: EBIT TO CFBIT CONTINUED EMPHASIS ON CASH FLOW STEERING SUPPORTED STRONG CFBIT ADJUSTED In million euros — ROADSHOW PRESENTATION Q3 2025 — 173 1,529 — MERCEDES-BENZ — 530 1,356 464 18 1,659 CCR: CCR: 1.3 430 3.2 • Legal proceedings +23 t/o • Restructuring +147 • Result at-Equity B
Slide 62: Mercedes-Benz Vans: Financials
MERCEDES-BENZ VANS: FINANCIALS V A N S C O N T I N U E D T O D E L I V E R D O U B L E - DI G I T R E T U R N W H I L E INVESTING IN NEW ARCHITECTURE Sales Revenue EBIT adj. CFBIT adj. — ROADSHOW PRESENTATION Q3 2025 — in thousand units in billion euros in million euros in million euros -8% -13% -34
Slide 63: Mercedes-Benz Vans: EBIT & RoS
MERCEDES-BENZ VANS: FINANCIALS M E R C E D E S - B ENZ V A N S : E B I T & R O S In In million million euros euros Gross Profit -248 — ROADSHOW PRESENTATION Q3 2025 — Positive effects from industrial performance incl. one-timers 628 – Significantly lower unit sales and negative net pricing – Provi
Slide 64: Mercedes-Benz Vans: EBIT to CFBIT
MERCEDES-BENZ VANS: FINANCIALS MERCEDES-BENZ VANS: EBIT TO CFBIT In million euros — ROADSHOW PRESENTATION Q3 2025 — 46 277 — MERCEDES-BENZ — 358 24 297 80 273 124 t/o CCR: CCR: • Inventories +265 0.8 • Legal proceedings +17 0.7 • Trade receivables -79 • Restructuring +8 • Trade payables +91 • M&A tr
Slide 65: Mercedes-Benz Mobility: Financials
MERCEDES-BENZ MOBILITY: FINANCIALS IMPROVED PORTFOLIO MARGIN AND EFFICIENCIES D R O V E F A V O R A B L E E B I T D E V E L O P ME NT New Business Contract Volume EBIT adj. — ROADSHOW PRESENTATION Q3 2025 — in billion euros in billion euros in million euros -1% +10% -4% — MERCEDES-BENZ — 14.2 128.8
Slide 66: Mercedes-Benz Mobility: EBIT & RoE
MERCEDES-BENZ MOBILITY: FINANCIALS MERCEDES-BENZ MOBILITY: EBIT & ROE In million euros • Legal proceedings -422 — ROADSHOW PRESENTATION Q3 2025 — • Restructuring -71 40 313 285 25 -6 21 — MERCEDES-BENZ — -7 -45 RoE: RoE: Ongoing efficiency measures leading to further cost improvements 9.6% 8.9%
Slide 67: Mercedes-Benz Mobility: Net Credit Losses
MERCEDES-BENZ MOBILITY: FINANCIALS MERCEDES-BENZ MOBILITY: NET CREDIT LOSSES* 0.89% — ROADSHOW PRESENTATION Q3 2025 — 0.83% — MERCEDES-BENZ — 0.43% 0.37% 0.34% 0.42% 0.31% 0.33% 0.31% 0.40% 0.24% 0.26% 0.26% 0.21% 0.21% 0.29% 0.20% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 202
Slide 68: Mercedes-Benz Group: EBIT
MERCEDES-BENZ GROUP: EBIT RESTRUCTURING COSTS AND LEGAL PROCEEDINGS IMPACTED EBIT In million euros — ROADSHOW PRESENTATION Q3 2025 — 235 2,099 — MERCEDES-BENZ — 313 412 1,139 750 -1,349 • Legal proceedings -427 t/o • Restructuring -876 • At-equity Daimler Truck +153 • M&A transactions -46 EBIT Merce
Slide 69: Reconciliation from CFBIT to Free Cash Flow
MERCEDES-BENZ GROUP: RECONCILIATION FROM CFBIT TO FREE CASH FLOW HEALTHY DIVISIONAL CASH GENERATION L E D T O F R E E C A S H F L O W O F E U R 1. 4 B N In million euros — ROADSHOW PRESENTATION Q3 2025 — 273 218 1,585 — MERCEDES-BENZ — 1,356 120 1,367 46 -316 -112 • Legal proceedings +41 • Restructu
Slide 70: Mercedes-Benz Group: Net Industrial Liquidity
MERCEDES-BENZ GROUP: NET INDUSTRIAL LIQUIDITY CASH GENERATION SUPPORTED HEALTHY BALANCE SHEET In billion euros — ROADSHOW PRESENTATION Q3 2025 — 1.8 1.1 0.8 0.1 0.1 32.3 — MERCEDES-BENZ — 30.8 -2.4 Free cash flow industrial business Q3 2025: € 1.4 billion Additions to Net Industrial Earnings and Dep
Slide 71: Mercedes-Benz Divisional Guidance 2025
MERCEDES-BENZ DIVISIONAL GUIDANCE 2025 MERCEDES-BENZ DIVISIONAL GUIDANCE 2025 Actuals Actuals Guidance FY 2024 YTD 9M 2025 FY 2025 — ROADSHOW PRESENTATION Q3 2025 — Unit Sales 1,983k units 1,341k units Significantly below xEV share 19% 21% 20 to 22% Return on Sales (adj.*) 8.1% 5.7% 4 to 6% — MERCED
Slide 72: Mercedes-Benz Group Guidance 2025
MERCEDES-BENZ GROUP GUIDANCE 2025 MERCEDES-BENZ GROUP GUIDANCE 2025 Actuals Actuals Guidance FY 2024 YTD 9M 2025 FY 2025 — ROADSHOW PRESENTATION Q3 2025 — Revenue EUR 145.6 bn. EUR 98.5 bn. Significantly below — MERCEDES-BENZ — EBIT EUR 13.6 bn. EUR 4.3 bn. Significantly below Free Cash Flow EUR 9.2
Slide 73: Appendix
— ROADSHOW PRESENTATION Q3 2025 — APPENDIX 73 — MERCEDES-BENZ —
Slide 74: BBAC (Beijing Benz Automotive Cooperation) Joint Venture
BBAC (BEIJING BENZ AUTOMOTIVE COOPERATION) JOINT VENTURE Key Facts — ROADSHOW PRESENTATION Q3 2025 — − BBAC is based on a trustful partnership with our long-term partner BAIC. — MERCEDES-BENZ — − BBAC is the largest Mercedes-Benz production facility in the world, featuring local R&D BBAC figures dis
Slide 75: Group / Divisional Guidance Ranges
M E R C E D E S - B ENZ G R O U P / DIVISIONAL GUIDANCE RANGES* Specification/ Significantly Slightly below At prior-year Slightly above Significantly KPI below level above — MERCEDES-BENZ — Revenue/ X < -7.5% -7.5% ≤ X < -2% -2% ≤ X ≤ +2% +2% < X ≤ +7.5% X > +7.5% Unit Sales EBIT (Group) X < -15% -
Slide 76: Contacts – Investor Relations
CONTACTS – INVESTOR RELATIONS Visit our Investor Relations Website: — ROADSHOW PRESENTATION Q3 2025 — Click here — MERCEDES-BENZ — Alexander Jasperneite Analysts, Creditor and Equity Relations Email: alexander.jasperneite@mercedes-benz.com Stephanie Dumke Capital Market Communication ESG Email: step
Slide 77: Disclaimer
DISCLAIMER This document contains forward-looking statements that reflect current views of the Mercedes-Benz Group about future events. The words “anticipate”, “assume”, “believe”, “estimate”, “expect”, “intend”, “may”, “can”, “could”, “plan”, “project”, “should” and similar expressions are used to