Daimler Truck Holding AG · XETR:DTG
Daimler Truck — Q1 2025 Earnings Presentation
41 slides from Daimler Truck's earnings presentation, May 2025
Slide 1: Roadshow Presentation
ROADSHOW PRESENTATION May 2025 ISIN: DE 000 DTR0CK8 Bloomberg Ticker: DTG:GR Level I ADR Program WKN: DTR0CK Reuters Ticker: DTGGe.DE ISIN: US23384L1017
Slide 2: Our Purpose: For All Who Keep the World Moving
OUR PURPOSE: FOR ALL WHO KEEP THE WORLD MOVING We keep our heritage and lay the foundations for the future 2025 2030 TRUCKS WILL REMAIN THE BACKBONE OF OUR ECONOMY WE ARE THE VOICE OF OUR INDUSTRY WE DRIVE THE TRANSFORMATION WITH GREAT ZEV PRODUCTS WE SUPPORT OUR CUSTOMERS WITH THE RIGHT SOLUTIONS D
Slide 3: How We Win
HOW WE WIN We build our foundations on strong strategic pillars & a high-performance culture #1 #2 #3 PROFITABILITY SERVICES ZEV Implementation Build recurring revenue Leverage our scale of our self-help streams, increase with global platforms measures to increase resilience and customer for ICE and
Slide 4: Why Invest in Daimler Truck
WHY INVEST IN DAIMLER TRUCK Capitalize on our strong position and unlock profit and free cash flow potential 1 STRONG POSITION – ALREADY TODAY − Strong brands, teams and cutting edge technologies in all regions − Significant scale to capitalize on commonality and lower costs − Significant investme
Slide 5: Why Invest in Daimler Truck: Sustainable transformation
WHY INVEST IN DAIMLER TRUCK Sustainable transformation with cutting-edge technology 4 ACCELERATING SUSTAINABLE AND HIGHLY AUTOMATED TRANSPORTATION − Broad ZEV vehicles portfolio in all segments − Unbiased technology strategy for best fit sustainability solutions (BEV, FCEV, H2 ICE) − Shaping highly
Slide 6: Daimler Truck Global Leadership
1 DAIMLER TRUCK GLOBAL LEADERSHIP Platform, powertrain and system commonality Sales Revenue EBIT adjusted in Units in million Euro in million Euro 1 -12% -3% -15% 55,890 5,489 526,053 460,409 54,077 4,667 2023 2024 #1 #1 #3 #2 #1 GLOBAL LEADER2 NORTH AMERICA Class 6-8 EU-303 MDT/HDT JAPAN Trucks Tot
Slide 7: Daimler Truck North America: From Strong to Stronger
1 DAIMLER TRUCK NORTH AMERICA: FROM STRONG TO STRONGER On-highway business presents a very clear framework for vocational success LEADING POSITION… 1 …STRONG FOUNDATIONS… ….RIGHT PRODUCT PORTFOLIO 40% Market share 2 1M+ Uncompromised CASCADIAS BUILT3 customer focus On-highway On-highway large/mega f
Slide 8: Mercedes-Benz: Rebuilding Profitability
1 MERCEDES-BENZ: REBUILDING PROFITABILITY Strong market position in key markets and strong product portfolio STRONG MARKET POSITION ACROSS REGIONS … … AND PRODUCT PORTFOLIO KEY MARKETS Brazil 22% market share1 EU 30 19% market share1 HEAVY DUTY TRUCKS #2 BRAND BRAZIL1 #1 BRAND EU-301 Finland Kassel
Slide 9: Daimler Truck Asia: Opportunity and Growth
1 DAIMLER TRUCK ASIA: OPPORTUNITY AND GROWTH Leveraging true Asian footprint and Daimler Truck technology LEADING POSITION… 1 …STRONG FOUNDATIONS… ….LOCALIZED FULL PORTFOLIO Renowned and true Top 3 Japan local brands HEAVY DUTY # 1 Indonesia Balance of markets TRUCKS China Proven recurring 11% Marke
Slide 10: Daimler Buses: Global Market Leader
1 DAIMLER BUSES: GLOBAL MARKET LEADER #1 in all core markets through intense customer focus # 1 IN OUR KEY MARKETS Direct sales, service and spare parts – from one single customer touchpoint EU 30 BRAZIL MEXICO 24% market share1 41% market share1 42% market share1 FULL LINE Covering all segments
Slide 11: DTFS Broadens Footprint to 18 Markets
1 DTFS BROADENS FOOTPRINT TO 18 MARKETS Diversifying footprint to further increase resilience in challenging macroeconomic environment Phase 1 Phase 2 Growth Phase Contract Volume Penetration Rate ‘21 ‘22 ‘23 ‘24 ‘25 in billion Euro in % Dec Apr Aug Oct Nov Mar Jan Nov HY2 31 32 * ** 27 Ø 21 14 Nort
Slide 12: Key Strategic Priorities
2 KEY STRATEGIC PRIORITIES Our way forward will be determined in the first half of 2025 H1 2025 REVIEW BUSINESS COST-DOWN DAIMLER TRUCK SET-UP EUROPE STRATEGY 2030 FULLY-FLEDGED STRATEGY WE MERGED OUR BUSINESSES IN TARGET TO REDUCE RECURRING UPDATE WILL BE PROVIDED AT INDIA AND CHINA WITH COSTS IN E
Slide 13: Our Capital Allocation Framework Sets Clear Use-of-Cash Priorities
2 OUR CAPITAL ALLOCATION FRAMEWORK SETS CLEAR USE-OF-CASH PRIORITIES Focus on attractive return while investing in future value creation APPROACH FRAMEWORK EXECUTION EXAMPLES STRONG OPERATING CASH FLOW ▸ Active Portfolio Management in WITH SOLID BALANCE SHEET most attractive businesses AS KEY PRIORI
Slide 14: Solid Liquidity & Investment-Grade Rating
2 SOLID LIQUIDITY & INVESTMENT-GRADE RATING Upgrade by S&P to A- in June 2024 S&P: A- Moody’s: A3 SOLID RATING Outlook: stable Outlook: stable ACTUALS ACTUALS in billion Euro Dec 31, 2024 Mar 31, 2025 DAIMLER TRUCK “We expect Daimler Truck's operating Equity ratio 31% 31% performance to show resilie
Slide 15: Well-Diversified Funding Mix
2 WELL-DIVERSIFIED FUNDING MIX Using a variety of instruments in our relevant markets MARKETS FUNDING INSTRUMENTS as of Mar 31, 2025 as of Mar 31, 2025 Others1 CP ABS Japan Balanced financing through capital market instruments, bank loans and Mexico selected ABS Bank Loans USA Daimler Truck Fina
Slide 16: Bond Maturity Profile
2 BOND MATURITY PROFILE Well balanced Bond Maturity Profile MATURITY PROFILE BONDS in billion EUR as of Mar 31, 2025 3,5 3,4 3,4 0,1 0,1 Issued in 2025 2,8 0.9 Maturities 0,0 3.3 3.4 2.8 1,2 1,3 2.5 0,0 0,9 0.7 0,7 0,0 0,0 0,5 0,5 0,6 1.2 0,0 0.9 0.6 0.7 0.6 0.5 0.5 0,0 0,0 2025 2026 2027 2028 2029
Slide 17: Our Funding Strategy Is Built on Strict Principles
2 OUR FUNDING STRATEGY IS BUILT ON STRICT PRINCIPLES Ensuring financial flexibility and independence TARGETING FINANCIAL MAXIMIZING FUNDING MATCHING GLOBAL INDEPENDENCE FINANCIAL FLEXIBILITY BUSINESS NEEDS No dependence on single Keeping prudent amount Liquidity matched markets, instruments, of cash
Slide 18: Q1/25 Financial Figures Daimler Truck Group
3 Q1/25 FINANCIAL FIGURES DAIMLER TRUCK GROUP in million Euro Unit Sales / Revenue IB Q1/25 adjusted EBIT Group 108,911 99,812 12,481 11,558 1,210 122 75 1,164 -96 -147 t/o Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 • Trucks North America +53 adjusted ROS / EBIT IB • Mercedes-Benz Trucks -179 • Trucks Asia +9 9.
Slide 19: Q1/25 Revenue and EBIT – Trucks North America
3 Q1/25 REVENUE AND EBIT – TRUCKS NORTH AMERICA Improved mix, pricing and efficiency Unit Sales / Revenue 46,229 Q1/25 adjusted ROS / EBIT 38,992 5,796 5,407 778 725 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 + mix + pricing + efficiency adjusted adjusted ROS / EBIT adjusted 14.4% ROS + warranty ROS 12.5% 14.4%
Slide 20: Q1/25 Revenue and EBIT – Mercedes-Benz Trucks
3 Q1/25 REVENUE AND EBIT – MERCEDES-BENZ TRUCKS Significantly lower volume and capacity utilization in million Euro Unit Sales / Revenue 40,838 Q1/25 adjusted ROS / EBIT 33,446 5,200 417 4,409 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 + warranty + selling expenses adjusted 238 adjusted ROS / EBIT ROS 8.0% 8.0%
Slide 21: Q1/25 Revenue and EBIT – Trucks Asia
3 Q1/25 REVENUE AND EBIT – TRUCKS ASIA Improved pricing, volume and cost discipline in million Euro Unit Sales / Revenue Q1/25 adjusted ROS / EBIT 24,772 21,440 1,182 1,191 64 55 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 + pricing + volume + SG&A adjusted adjusted ROS / EBIT ROS 5.4% adjusted 4.7% 5.4% ROS 4.7%
Slide 22: Q1/25 Revenue and EBIT – Daimler Buses
3 Q1/25 REVENUE AND EBIT – DAIMLER BUSES Improved pricing, mix and volume in million Euro Unit Sales / Revenue Q1/25 adjusted ROS / EBIT 6,206 5,596 1,335 126 1,171 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 + volume + mix + capacity utilization adjusted adjusted ROS / EBIT 59 + pricing ROS 9.4% 9.4% − FX 5.0% 1
Slide 23: Q1/25 Revenue and EBIT – Financial Services
3 Q1/25 REVENUE AND EBIT – FINANCIAL SERVICES Increased volume and improved pricing in million Euro Contract Volume Q1/25 adjusted ROE / EBIT 29,877 31,185 55 51 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 + pricing + contract volume adjusted adjusted ROE / EBIT 8.2% adjusted ROE 7.3% ROE 7.3% − credit risk 8.2%
Slide 24: Q1/25 Cash Flow Industrial Business
3 Q1/25 CASH FLOW INDUSTRIAL BUSINESS FCF adjusted of 0.1 bn. € Net Industrial Liquidity (NIL) at end of Q4/24 Q1/25 in million Euro 8.6 bn. 7.9 bn. 8,558 33 0 7,931 -659 adjusted Cash Conversion Rate NIL Q4/24 FCF IB Dividend Others/ NIL Q1/25 1,029 Payment Buyback 0.3 -304 289 -380 268 -366 110 14
Slide 25: Elevating Technology Leadership
4 ELEVATING TECHNOLOGY LEADERSHIP We enable highest customer value creation and highest scale advantage through technology KEEP DIESEL CREATE CUSTOMER VALUE COMPETITIVE AND CLEAN WITH OPTIMIZED TCO CREATE SCALE WITH DECARBONIZE WITH BEV AND H2 COMMONALITY & PARTNERS DIGITALIZE WITH SOFTWARE KEEP THE
Slide 26: We Deliver: Full Range of Zero-Emission Trucks & Buses
4 WE DELIVER: FULL RANGE OF ZERO-EMISSION TRUCKS & BUSES Numerous zero-emission trucks & buses in series production in 2024 2021 2023 2020 2022 2024 2027+ 2021 2018 2022 2023 2022 2017 Thomas Built RIZON Freightliner Freightliner Mercedes-Benz Mercedes-Benz Mercedes-Benz Mercedes-Benz Mercedes-Benz
Slide 27: Progress in Zero-Emission Trucks and Buses
4 PROGRESS IN ZERO-EMISSION TRUCKS AND BUSES We are ready bringing our vision to the road Orders YTD*/25 Orders YTD*/24 1,146 1,266 Unit Sales YTD*/24 813 Unit Sales YTD*/25 759 * January – March Daimler Truck Group | Roadshow Presentation | May 2025 27
Slide 28: We Use Our Scale to Free Up Capital and Build Global Platforms
4 WE USE OUR SCALE TO FREE UP CAPITAL AND BUILD UP GLOBAL PLATFORMS Capitalizing on commonality and partnerships to maximize scale advantage H2 eActros eActros GenH2 eEconic 300/400 600 Truck eCitaro Chassis eCitaro fuel cell Focus on captive high-margin heavy-duty ICE and partnership for medium-dut
Slide 29: Our ZEV Vehicle Portfolio Will Cover Three Different Technologies
4 OUR ZEV VEHICLE PORTFOLIO WILL COVER THREE DIFFERENT TECHNOLOGIES Different solutions are driven by customer needs INNER-CITY TRANSPORT & ON-HIGHWAY VOCATIONAL LOCAL DISTRIBUTION FOTOS müssen neu! Battery Electric Vehicles Fuel Cell Electric Vehicles Combustion Engine Daimler Truck Group | Roadsho
Slide 30: Emission Regulation and Government Policies Drive Adoption
4 EMISSION REGULATION AND GOVERNMENT POLICIES DRIVE ADOPTION Policymakers on all levels strongly push towards global CO2-neutrality WINNING FORMULA PUSH FOR CO2-NEUTRALITY FACTOR 1 Product Offering x PARIS AGREEMENT & GLOBAL RACE EUROPEAN GREEN DEAL: -55% CO2 FACTOR 2 TO NET ZERO EMISSIONS Infrastru
Slide 31: How We Implement Our Strategy
4 HOW WE IMPLEMENT OUR STRATEGY We drive a technology agnostic, adjustable and scalable platform approach TECHNOLOGY AGNOSTIC STEPWISE INVESTMENTS ECONOMIES OF SCALE ▸ Keep diesel competitive and ▸ BEV: Low first capacity ▸ Create commonality – clean commitment, flexible ramp-up develop once, deploy
Slide 32: Captive Solution - Torc Is Making Significant Progress
4 CAPTIVE SOLUTION - TORC IS MAKING SIGNIFICANT PROGRESS On our way to delivering the best-in-class autonomous trucking solution CAPTIVE SOLUTION Start of testing with industry first vehicle platform. Finalize production-intent hardware for commercial launch. Pioneer in heavy-duty autonomous technol
Slide 33: Decarbonization Requires a Transition with Diesel
4 DECARBONIZATION REQUIRES A TRANSITION WITH DIESEL Staying competitive and compliant in a consolidated portfolio CREATING CUSTOMER VALUE CREATING SCALE ▸ Global rollout of latest COMMONALITY generation heavy-duty Diesel ▸ One heavy-duty Diesel platform platform completed – another for all Daimler T
Slide 34: Accelerating Technological Development
5 ACCELERATING TECHNOLOGICAL DEVELOPMENT Strategic Partnerships in key ZEV technologies are reducing risks and costs H2 Initiate pan-European Start public charging Offer Industry-leading Develop dedicated high performance infrastructure across the depot charging truck battery cells public charging U
Slide 35: Our Sustainability Ambitions
6 OUR SUSTAINABILITY AMBITIONS We have set ourselves clear targets ENVIRONMENT SOCIAL GOVERNANCE Climate & Environmental Protection Our People Responsible Governance We strive for our new trucks and We aspire to be an employer of choice, We underline our responsibility towards buses to be CO2e free
Slide 36: Market Assumptions 2025
MARKET ASSUMPTIONS 2025 Heavy Duty Truck Market 2025 North America 260 – 290 k units old: 280 – 320 k units EU30 270 – 310 k units Assumption The outlook is particularly subject to further geopolitical developments and their impact on the global economy. Update on May 13, 2025 Daimler Truck Group |
Slide 37: Daimler Truck Segment Assumptions 2025
DAIMLER TRUCK SEGMENT ASSUMPTIONS 2025 Unit Sales adjusted ROS/ROE in thousand units in % Guidance Guidance FY 2024 FY 2024 20251 20251 Trucks North 190 (1912) 155 – 175 12.9 (12.92) 11 – 13 America old: 180 – 200 Mercedes-Benz 126 (1602) 160 – 180 7.5 (6.42) 5–7 Trucks Trucks Asia 125 (1032) 95 – 1
Slide 38: Daimler Truck Group/Industrial Business Assumptions 2025
DAIMLER TRUCK GROUP/INDUSTRIAL BUSINESS ASSUMPTIONS 2025 Group FY 2024 Guidance 2025 adjusted EBIT 4.667 bn. € decrease/increase between -5% and+5% old: increase between +5% and +15% IB Unit Sales 460,409 units 430 – 460 k units old: 460 – 480 units Revenue 48 – 51 bn. € 50.743 bn. € old: 52 – 54 bn
Slide 39: Daimler Truck Investor Relations
DAIMLER TRUCK INVESTOR RELATIONS Our team is here to support you Further information is available under www.daimlertruck.com/en/investors Q1 2025 Disclosure Presentation, Interim Report, our Factbook and Upcoming Events and Conferences are available at the Daimler Truck Investor Relations websit
Slide 40: Disclaimer
DISCLAIMER Forward-looking statements This document contains forward-looking statements that reflect our current views about future events. The words “aim”, “ambition”, “anticipate”, “assume”, “believe”, “estimate”, “expect”, “intend”, “may”, ”can”, “could”, “plan”, “project”, “should” and similar e
Slide 41: May 2025
May 2025 ISIN: DE 000 DTR0CK8 Bloomberg Ticker: DTG:GR Level I ADR Program WKN: DTR0CK Reuters Ticker: DTGGe.DE ISIN: US23384L1017
Daimler Truck Holding — Q1 2025 Earnings Presentation on 6ix