Traton Se · XETR:8TRA
Traton — Investor Day (May 2021)
14 slides from Traton's investor day presentation, May 10, 2021
Slide 1: Deep Dive E-Mobility – The TRATON Perspective
Munich – May 10, 2021 DEEP DIVE E-MOBILITY – THE TRATON PERSPECTIVE DR. ATIF ASKAR, HEAD OF BUSINESS DEVELOPMENT, STRATEGY AND M&A DR. ANDREAS KAMMEL, STRATEGY AND BUSINESS DEVELOPMENT
Slide 2: Our brands focus on e-mobility leadership
OUR BRANDS FOCUS ON E-MOBILITY LEADERSHIP SINCE 2020 BY 2025 BY 2030 Common modular electric powertrain Electrified vehicles will account for around Electrified vehicles will account for 50% toolkit, used in the first series produced 10% of Scania’s total vehicle sales of Scania’s total vehicle sale
Slide 3: TRATON increases R&D investment in e-mobility to €1.6 billion
TRATON INCREASES R&D INVESTMENT IN E-MOBILITY TO €1.6 BILLION TRATON invests All brands are shifting budgets from €1.6 billion in R&D for conventional drives to e-mobility e-mobility from 2021 to 2025 Share of product development1 for e-mobility will be doubled until 2025 Less than 20% of product de
Slide 4: Adoption of new drivetrains is driven by cost and the regulatory environment
ADOPTION OF NEW DRIVETRAINS IS DRIVEN BY COST AND THE REGULATORY ENVIRONMENT “Total operating economy” (TOE) augments “total cost of operation” (TCO) by other cost-relevant factors like payload effects, stand times… TRUCKS ARE CAPITAL GOODS – EXPECTED IMPACT OF ELECTRIFICATION PURCHASE DECISION VIA
Slide 5: The prospects of commercial BEV vehicles have improved markedly
THE PROSPECTS OF COMMERCIAL BEV VEHICLES HAVE IMPROVED MARKEDLY VIEW ON BEV IN LONG-HAULAGE, MID 2010s BATTERY COST DEVELOPMENT OVER TIME Battery pack cost, illustrative1 [EUR/kWh] 1,000 Plus improvements in “A truck capable of going 1000 km hauling 27t […] 900 • battery capacity per weight • batter
Slide 6: BEV have a markedly higher system efficiency than FCEV
BEV HAVE A MARKEDLY HIGHER SYSTEM EFFICIENCY THAN FCEV Production Refueling Operation Electrical 100% energy distribution & inversion AC/DC mix of slow & fast charging DC-AC, engine & transmission 90% 90% 90% efficiency efficiency efficiency 75% energy Chemical remaining energy DC-AC, engine & trans
Slide 7: BEV are expected to be more cost-efficient than either diesel or FCEV
BEV ARE EXPECTED TO BE MORE COST-EFFICIENT THAN EITHER DIESEL OR FCEV DELTA TOE: LONG-HAUL HEAVY DUTY – EUROPEAN AVERAGE, MID CASE1, INCL. REGULATORY EFFECTS full mineral oil tax full mineral oil tax Diesel 2023 BEV 2023 FCEV 2023 Diesel 2040 BEV 2040 FCEV 2040 Key takeaways: • Battery & fuel cell c
Slide 8: Nordics & Western Europe likely to see earliest BEV TOE parity
NORDICS & WESTERN EUROPE LIKELY TO SEE EARLIEST BEV TOE PARITY DRIVEN BY FAVORABLE ENERGY COST & REGULATORY ENVIRONMENT | TOLL EFFECTS SIGNIFICANT TOE PARITY BEV LONG-HAUL FOR MAJOR MARKETS INCLUDING TOLLS, CO2 FEES & SUBSIDIES Key regulatory factors by market Early € Tolls CO2 fees Subsidies Late M
Slide 9: BEV has a strong cost advantage over FCEV at regular high range
BEV HAS A STRONG COST ADVANTAGE OVER FCEV AT REGULAR HIGH RANGE COST-WISE, LONG-RANGE DRIVING IS THE REALM OF BEV, IF USED REGULARLY OR WITH FULL INFRASTRUCTURE LONG-HAUL ANNUAL TOE BEV VS. FCEV – AVERAGE DAILY RANGE VS. DAILY VARIABILITY OF RANGE Annual TOE long-haul BEV vs. FCEV Key takeaways: Mos
Slide 10: The BEV market share is sensitive to cheap prices for green H2
THE BEV MARKET SHARE IS SENSITIVE TO CHEAP PRICES FOR GREEN H2 SYNERGY EFFECTS YIELD IMPROVING FCEV AND BEV CASES FOR ABUNDANT LOW-COST HYDROGEN BEV/FCEV/OTHER MARKET SHARE – NAÏVE VERSION MARKET SHARE INCL. BEV-FCEV SYNERGIES Big Oil & Big Oil & H2 industry H2 industry expectations expectations on
Slide 11: Most long-term advantages lie on the BEV side
MOST LONG-TERM ADVANTAGES LIE ON THE BEV SIDE FCEV WILL BECOME MORE COMPETITIVE … BUT MAJOR LONG-TERM TRENDS WITH BEV IN THE 2020s … TEND TO FAVOR BEV STRONGLY Cost degression on components Lightweight, cheap batteries Significant subsidies Autonomous Driving Emerging H2 economy Increasing grid stor
Slide 12: Applications where FCEV can be a complimentary solution (Europe)
APPLICATIONS WHERE FCEV CAN BE A COMPLIMENTARY SOLUTION (EUROPE) Non-stop at high Inhomogeneous Severe payload Regions with low consumption usage restrictions running costs Time-critical two- Irregular long-distance Applications beyond Local operation driver operations, requirements, e.g. du
Slide 13: Synthesis – key takeaways
SYNTHESIS – KEY TAKEAWAYS BEV will become This will happen Just fulfilling current competitive with Diesel earlier and faster EU emission regulations no matter the scenario than previously expected is not sufficient Infrastructure is by far OEMs will require FCEV as a BEV will be mainstream the most
Slide 14: www.traton.com
WWW.TRATON.COM May 10, 2021 / Investor Relations / Deep dive e-mobility – the TRATON perspective 14