Slide 1: Capital Market Presentation Q3 2021
Capital Market Presentation Q3 2021 Daimler AG Daimler AG
Slide 2: Daimler: Key messages
Daimler: Key messages ▸ Business development Q3: strongly influenced by supply constraints due to semiconductor shortage; resilience of business further improved ▸ Favorable development of Net Industrial Liquidity & Free Cash Flow supporting financial flexibility ▸ Strategy execution: ramp-up of EV
Slide 3: Q3/Q4 Reporting Changes
Q3/Q4 Reporting Changes Group P&L (Financial Statements)1 Segment P&L Q3/Q4/FY Until Q3 2021 (unchanged) Continued Mainly: Mercedes-Benz Cars & Vans, Mercedes-Benz Daimler Daimler Trucks Reconciliation Operations (CO) Daimler Mobility², Reconciliation Cars & Vans Mobility & Buses Presented as usual
Slide 4: Daimler: Key figures
Daimler: Key figures Free Cash Net Industrial Sales Revenue EBIT EBIT adj. in thousand units in billion euros in billion euros in billion euros Flow (IB) Liquidity in billion euros in billion euros 40.3 40.1 5.1 773 8.7 8.4 3.6 3.5 3.6 23.5 3.1 0.4 17.9 578 0.7 0.6 -25% -0% 0.6 +17% +4% +31% -56% 2.
Slide 5: Mercedes-Benz Cars & Vans: Highlights
Mercedes-Benz Cars & Vans: Highlights ▸ Strong demand for Mercedes-Benz products in all markets. Especially electric and high-end vehicles with high growth rates ▸ Sales significantly restricted by ongoing semiconductor shortage ▸ Favorable mix and net pricing offset semi-driven supply constraints a
Slide 6: Mercedes-Benz Cars & Vans: Financials
Mercedes-Benz Cars & Vans: Financials Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in billion euros in billion euros 673 4.8 25.8 25.6 4.1 2.4 471 2.2 -30% -1% -10% -14% Q3 2020 Q3 2021 Q3 2020 Q3 2021 Q3 2020 Q3 2021 Q3 2020 Q3 2021 Daimler AG 6
Slide 7: Mercedes-Benz Cars & Vans: EBIT & RoS
Mercedes-Benz Cars & Vans: EBIT & RoS Favourable product mix Improved net pricing in million euros Significantly lower unit sales due to worldwide shortage of semiconductor components Disruptions in production network and supply chain due to shortage of semiconductor components Higher raw material p
Slide 8: Mercedes-Benz Cars & Vans: Reconciliation from EBIT to CFBIT
Mercedes-Benz Cars & Vans: Reconciliation from EBIT to CFBIT in million euros +475 4,128 +487 3,653 +1,170 -228 -1,360In gespannt +1,580 :-D 2,004 t/o t/o t/o • Legal Proceedings +215 • New vehicle stock +2,093 • YASA -220 • BBAC Dividend +732 • Restructuring +40 • Unfinished products -1,535 • Resul
Slide 9: Daimler Trucks & Buses: Highlights
Daimler Trucks & Buses: Highlights ▸ Q3 sales significantly impacted by semi-conductor shortages with shortfall mostly felt in heavy duty markets North America and Europe; significant amount of trucks awaiting completion ▸ Order Book for 2022 opened for North America with record incoming orders duri
Slide 10: Daimler Trucks & Buses: Financials
Daimler Trucks & Buses: Financials Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in million euros in million euros 9.2 8.9 1,142 106.4 99.3 603 489 +7% -4% -19% -1,670 -527 Q3 2020 Q3 2021 Q3 2020 Q3 2021 Q3 2020 Q3 2021 Q3 2020 Q3 2021 Daimler AG 10
Slide 11: Daimler Trucks & Buses: EBIT & RoS
Daimler Trucks & Buses: EBIT & RoS Net pricing Positive contributions from used vehicle business and from aftermarket Positive one-time effects from BFDA Impairment reversal Unfavorable regional heavy duty sales mix due to supply chain constraints in North America and Europe in million euros Higher
Slide 12: Daimler Trucks & Buses: Reconciliation from EBIT to CFBIT
Daimler Trucks & Buses: Reconciliation from EBIT to CFBIT in million euros 482 -1,128 -576 -527 • Restructuring measures +9 • M&A transactions +40 +276 -10 +49 -45 -151 t/o • Unfinished goods -928 EBIT Change in Net financial Net investments Depreciation and Other CFBIT Adjustments CFBIT Q3 2021 wor
Slide 13: Daimler Mobility: Highlights
Daimler Mobility: Highlights ▸ Reduced portfolio due to semi-conductor shortage and lower dealer stock ▸ Support for EV-sales at level comparable to ICEs ▸ Interest result benefitting from lower refinancing cost ▸ No new credit risk provisions required in Q3 due to high portfolio quality ▸ Improved
Slide 14: Daimler Mobility: Financials
Daimler Mobility: Financials New Contract EBIT adj. business volume in million euros in billion euros in billion euros 943 18.7 150.6 148.1 14.6 601 -22% -2% +57% Q3 2020 Q3 2021 12/31/2020 9/30/2021 Q3 2020 Q3 2021 Daimler AG 14
Slide 15: Daimler Mobility: EBIT & RoE
Margin benefiting from lower refinancing costs Daimler Mobility: EBIT & RoE Improved operative business performance at Mobility Services and Fleet Management Negative impact in Q3 2020 due to impairment of software in context of streamlining IT Architecture in million euros Gross profit* 315 +294 -8
Slide 16: Q3 2021: Group EBIT (incl. Discontinued Operations)
Daimler Q3 2021: Group EBIT (incl. Discontinued Operations – DO) in million euros +409 3,479 -242 +342 +146 3,611 -32 3,579 -680 +559 3,070 -114 Mercedes-Benz Cars & Vans: • Legal proceedings -74 2,899 2,511 • Restructuring measures -97 Daimler Trucks & Buses: • Restructuring measures -16 • M&A Tran
Slide 17: Q3 2021: Reconciliation from CFBIT to Free Cash Flow
Daimler Q3 2021: Reconciliation from CFBIT to Free Cash Flow* in million euros 3,653 -576 -613 +583 2,832 -251 +142 -105 2,249 • Legal proceedings +215 • Restructuring measures +51 • M&A transactions +316 CFBIT CFBIT Income Interest Effects from Other Free cash flow Adjustments Free cash flow Merced
Slide 18: Daimler: Net Industrial Liquidity
Daimler: Net Industrial Liquidity* in billion euros +1.7 -1.6 +2.4 +0.0 -0.3 +0.4 23.5 20.9 Free cash flow industrial business Q3 2021: € 2,249 million Net industrial Earnings and Working Depreciation and Additions to Investments in Other Net industrial liquidity other cash capital impact amortizati
Slide 19: Outlook
Outlook 2021 Daimler AG 19
Slide 20: Market Guidance 2021
Market Guidance 2021 Assumption The economic conditions for worldwide demand are likely to remain favourable during the rest of the year. One must assume, however, that strained supply chains and bottlenecks for key components will continue to have a considerable impact on worldwide vehicle producti
Slide 21: Divisional Guidance 2021
Divisional Guidance 2021 Assumption The economic conditions for worldwide demand are likely to remain favourable during the rest of the year. One must assume, however, that strained supply chains and bottlenecks for key components will continue to have a considerable impact on worldwide vehicle prod
Slide 22: Group Guidance 2021
Daimler Group Guidance 2021 Assumption The economic conditions for worldwide demand are likely to remain favourable during the rest of the year. One must assume, however, that strained supply chains and bottlenecks for key components will continue to have a considerable impact on worldwide vehicle p
Slide 23: Appendix
Appendix Daimler AG 23
Slide 24: Unit sales by division
Daimler Q3 2021 Unit sales by division in thousand units Q3 2020 Q3 2021 % change Daimler Group 773 578 -25 of which Mercedes-Benz Cars & Vans 673 471 -30 Daimler Trucks & Buses 99 106 +7 Daimler AG Capital Market Presentation Q3 2021 / October 29, 2021 / 24
Slide 25: Revenue by division
Daimler Q3 2021 Revenue by division in billion euros Q3 2020 Q3 2021 % change Daimler Group 40.3 8.7* 40.1 8.4* 0 -3* of which Mercedes-Benz Cars & Vans 25.8 25.6 -1 Daimler Trucks & Buses 9.2 8.9 -4 Daimler Mobility 6.9 6.9 0 * thereof discontinued operations Daimler AG Capital Market Presentation
Slide 26: Revenue by region
Daimler Q3 2021 Revenue by region in billion euros Q3 2020 Q3 2021 % change Daimler Group 40.3 8.7* 40.1 8.4* -0 -3* of which Europe 17.5 15.0 -15 of which Germany 7.0 5.8 -18 North America 10.9 11.5 +5 of which United States 9.6 10.0 +4 Asia 10.0 11.0 +10 of which China** 5.5 6.2 +12 Other markets
Slide 27: EBIT by division
Daimler Q3 2021 EBIT by division EBIT in million euros; RoS/RoE in % Q3 2020 Q3 2021 EBIT RoS/RoE** EBIT RoS/RoE** Daimler Group 3,070 559* 7.4 3,579 680* 7.9 of which Mercedes-Benz Cars & Vans 2,118 8.2 2,004 7.8 Daimler Trucks & Buses 541 5.9 482 5.4 Daimler Mobility 589 16.2 943 23.3 Reconciliati
Slide 28: Reconciliation of EBIT reported to EBIT adjusted
Daimler Q3 2021 Reconciliation of EBIT reported to EBIT adjusted in million euros Mercedes-Benz Daimler Trucks & Daimler Mobility Reconciliation Daimler Group Cars & Vans Buses EBIT as reported Q3 2021 2,004 482 943 150 3,579 680* Legal proceedings and related 74 - - - 74 measures Restructuring meas
Slide 29: EBIT adjusted by division
Daimler Q3 2021 EBIT adjusted by division EBIT in million euros; RoS/RoE in % Q3 2020 Q3 2021 EBIT RoS/RoE* EBIT RoS/RoE* Daimler Group 3,479 8.6 3,611 8.0 of which Mercedes-Benz Cars & Vans 2,417 9.4 2,175 8.5 Daimler Trucks & Buses 603 6.5 489 5.5 Daimler Mobility 601 16.5 943 23.3 Reconciliation
Slide 30: Key balance sheet and financial figures
Daimler Q3 2021 Key balance sheet and financial figures in billion euros Daimler Group Dec. 31, 2020 Sep. 30, 2021 Equity ratio 21.3% 26.0% Gross liquidity 29.4 31.6 Funded status of pension obligations -11.0 -5.2 Funding ratio 72.4% 81.8%* Industrial business Equity ratio 37.3% 44.9% Net liquidity
Slide 31: Financial flexibility over a 12-month period
Daimler Q3 2021 Financial flexibility over a 12-month period in billion euros 65.8 ABS potential Other incl. Net industrial liquidity at €23.5 billion improved significantly 47.4 Fin. Lease Commercial paper Gross industrial liquidity at €27.0 billion Credit facility Bank loans Financial flexibility
Slide 32: Mercedes-Benz Cars: unit sales by segments
Mercedes-Benz Cars: unit sales by segments in thousand units 567 10 3 242 383 6 smart 2 Sports Cars 14 83 186 SUVs 84 26 S-Class 53 E-Class 42 C-Class 131 68 A-/B-Class Q3 2020 Q3 2021 Daimler AG / 32
Slide 33: Mercedes-Benz Cars: unit sales by regions
Mercedes-Benz Cars: unit sales by regions in thousand units 567 71 146 383 71 Rest of world 84 Europe 88 52 excl. Germany 45 Germany 46 United States 214 133 China Q3 2020 Q3 2021 Daimler AG / 33
Slide 34: Mercedes-Benz Cars: Unit sales in China
Mercedes-Benz Cars: Unit sales in China 758 in thousand units 678 694 imported 619 147 127 locally produced 193 540 488 196 135 400 171 293 150 611 567 485 147 423 405 317 250 146 2014 2015 2016 2017 2018 2019 2020 2021 YTD Daimler AG / 34
Slide 35: Mercedes-Benz Vans: Unit sales by regions
Mercedes-Benz Vans: Unit sales by regions in thousand units 107 8 3 88 19 9 Asia 5 Latin America 18 North America 69 52 EU30 8 4 Rest of world Q3 2020 Q3 2021 / Page Daimler AG 35 35
Slide 36: Mercedes-Benz Vans: Unit sales by segments
Mercedes-Benz Vans: Unit sales by segments in thousand units 107 88 58 53 Sprinter 29 21 Vito 14 2*4 12 V-Class 2 Citan xx *X-Class Q3 2020 Q3 2021 Daimler AG / 36
Slide 37: Trucks: Unit sales by regions
Daimler Trucks: Unit sales by regions in thousand units 102 94 8 Rest of world 7 22 31 Asia 8 16 Latin America 42 34 North America 15 13 EU30* Q3 2020 Q3 2021 * European Union, UK, Switzerland and Norway Daimler AG / 37
Slide 38: Trucks: Incoming Orders
Daimler Trucks: Incoming Orders* in thousand units 162 12 Rest of world 35 Asia 100 20 Latin America 9 25 8 67 North America 42 27 EU30** 16 Q3 2020 Q3 2021 * Net order intake, adjusted for cancellations ** European Union, UK, Switzerland and Norway Daimler AG / 38
Slide 39: Buses: Unit sales by regions
Daimler Buses: Unit sales by regions in thousand units 5.1 4.7 0.9 0.4 Rest of world 0.5 0.6 Latin America (excl. Brazil and Mexico) 1.6 1.4 Brazil 0.2 0.6 Mexico 1.9 1.7 EU30* Q3 2020 Q3 2021 * European Union, UK, Switzerland and Norway Daimler AG / 39
Slide 40: Mobility: Contract volume
Daimler Mobility: Contract volume in billion euros 150.6 XX.X 148.1 26.0 17.7 18.8 China 16.8 16.2 Africa & Asia-Pacific 59.6 XX.X 51.2 50.9 Americas 38.9 41.3 XX.X 37.5 Europe (excl. Germany) 25.9 25.9 24.7 XX.X Germany 12/31/2020 09/30/2021 Daimler AG / 40
Slide 41: Mobility: Net credit losses
Daimler Mobility Net credit losses* 0.89% 0.83% 0.68% 0.61% 0.50% 0.51% 0.43% 0.36% 0.37% 0.34% 0.33% 0.31% 0.31% 0.26% 0.26% 0.24% 0.21% 0.20% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 per Sep 2021 * as a percentage of portfolio, subject to credit risk Dai
Slide 42: YOUR NOW Joint Ventures Q3 2021
YOUR NOW Joint Ventures Q3 2021 1. FREE NOW & REACH NOW 2. SHARE NOW 3. CHARGE NOW 09/2021 YTD Interactions in millions 109.8 97.3 0.4 10.7 1.4 Customers* in millions 55.4 51.6 0.3 3.3 0.2 Cities* 172 152 4 16 n/a * Partially, data summation w/o consideration of possible redundancies Daimler AG Capi
Slide 43: Disclaimer
Daimler Q3 2021 Disclaimer This document contains forward-looking statements that reflect our current views about future events. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” ”can,” “could,” “plan,” “project,” “should” and similar expressions are used to identif