Slide 1: Q1 2019 Results
Q1 2019 Results Bodo Uebber Member of the Board of Management Finance & Controlling and Daimler Financial Services April 26, 2019
Slide 2: Contents
Contents Results for Q1 2019 Outlook for 2019 Development at the divisions Daimler AG Q1 2019 Results / April 26, 2019 / Page 2
Slide 3: Highlights of Q1 2019
Highlights of Q1 2019 Unit sales Revenue in thousands of units in billions of euros World premiere of the new CLA Coupe and CLA Shooting Brake 807 774 39.8 39.7 -4% -0% Presentation of the upgraded GLC and GLC Coupe World premiere of the Vision URBANETIC and the Concept EQV as Q1 2018 Q1 2019 Q1 201
Slide 4: High level of net liquidity
High level of net liquidity in billions of euros Free cash flow industrial business 16.3 -3.2 Q1 2019: minus €2.0 billion 13.1 +0.4 -2.4 -0.0 +0.2 11.3 Net industrial Effects from Net industrial Earnings and Working capital M&A effects Other Net industrial liquidity initial application liquidity oth
Slide 5: Net liquidity impacted by initial application of IFRS 16 and higher working capital
Net liquidity impacted by initial application of IFRS 16 and higher working capital Impact of €3.2 billion due to initial application of IFRS 16 for lessee accounting: Recognition of right-of-use assets and lease liabilities leads to a one-time increase of financing liabilities stated in the balance
Slide 6: Key balance sheet and financial figures
Key balance sheet and financial figures in billions of euros Daimler Group Dec. 31, 2018 March 31, 2019 Equity ratio 22.2% 21.6% Gross liquidity 25.4 26.7 Funded status of pension obligations -6.2 -6.9 Funding ratio 80% 79%* Industrial business Equity ratio 42.8% 39.2% Net liquidity 16.3 11.3 Free c
Slide 7: Financial flexibility over a 12-month period
Financial flexibility over a 12-month period in billions of euros 58.8 53.4 Other, incl. The financial flexibility provides support to mitigate risk and volatility finance lease through a balanced mix of funding instruments and clear principles ABS Commercial potential paper Daimler follows a financ
Slide 8: Unit sales by division
Unit sales by division in thousands of units Q1 2018 Q1 2019 % change Daimler Group 806.9 773.8 -4 of which Mercedes-Benz Cars 594.3 555.3 -7 Daimler Trucks 113.8 115.9 +2 Mercedes-Benz Vans 93.0 97.0 +4 Daimler Buses 5.7 5.5 -4 Daimler AG Q1 2019 Results / April 26, 2019 / Page 8
Slide 9: Revenue by division
Revenue by division in billions of euros Q1 2018 Q1 2019 % change Daimler Group 39.8 39.7 -0 of which Mercedes-Benz Cars 23.0 21.2 -8 Daimler Trucks 8.6 9.5 +11 Mercedes-Benz Vans 3.1 3.4 +9 Daimler Buses 0.9 0.8 -8 Daimler Financial Services 6.3 6.9 +10 Daimler AG Q1 2019 Results / April 26, 2019 /
Slide 10: Revenue by region
Revenue by region in billions of euros Q1 2018 Q1 2019 % change Daimler Group 39.8 39.7 -0 of which Europe 16.4 16.6 +1 of which Germany 6.0 6.4 +7 NAFTA 10.6 11.6 +9 of which United States 9.1 10.1 +12 Asia 10.3 9.0 -13 of which China* 5.2 4.4 -15 Other markets 2.4 2.5 +4 * excluding revenue of not
Slide 11: EBIT by division
EBIT by division EBIT in millions of euros; RoS/RoE in % Q1 2018 Q1 2019 EBIT RoS/RoE* EBIT RoS/RoE* Daimler Group 3,335 8.3 2,802 4.9 of which Mercedes-Benz Cars 2,060 9.0 1,298 6.1 Daimler Trucks 647 7.5 582 6.1 Mercedes-Benz Vans 172 5.6 -98 -2.9 Daimler Buses 37 4.4 -21 -2.7 Daimler Financial Se
Slide 12: Group EBIT in Q1 2019
Group EBIT in Q1 2019 in millions of euros 3,335 -637 -77 +718 2,802 -441 • Cars -792 • Cars -143 • Trucks • Vans +151 +31 • Trucks +77 -57 -39 • Vans -24 • Buses -27 • Cars +173 • Buses +13 • Trucks -293 • DFS: Merger of • Vans -277 mobility services • Buses -44 of Daimler and BMW +718 Actual Volum
Slide 13: Mercedes-Benz Cars: product highlights
Mercedes-Benz Cars: product highlights World premiere of the new CLA Coupe and CLA Shooting Brake Daimler AG Q1 2019 Results / April 26, 2019 / Page 13
Slide 14: Mercedes-Benz Cars: product highlights
Mercedes-Benz Cars: product highlights Market launch of the new B-Class Daimler AG Q1 2019 Results / April 26, 2019 / Page 14
Slide 15: Mercedes-Benz Cars: product highlights
Mercedes-Benz Cars: product highlights Presentation of the next generation of the GLC SUV and GLC Coupe Daimler AG Q1 2019 Results / April 26, 2019 / Page 15
Slide 16: Mercedes-Benz Cars: product highlights
Mercedes-Benz Cars: product highlights Shortly before its market launch, the fully-electric EQC* is undergoing final tests * Combined electricity consumption: 20.8 to 19.7 kWh/100 km; combined CO2 emissions: 0 g/km. Electricity consumption and range were determined on the basis of Regulation 692/200
Slide 17: Daimler Trucks: product highlights
Daimler Trucks: product highlights Daimler Trucks and Torc Robotics join forces to bring highly automated trucks on roads Daimler AG Q1 2019 Results / April 26, 2019 / Page 17
Slide 18: Daimler Trucks: product highlights
Daimler Trucks: product highlights Delivery of the first FUSO eCanter to Penske Truck Leasing for urban delivery Daimler AG Q1 2019 Results / April 26, 2019 / Page 18
Slide 19: Mercedes-Benz Vans: product highlights
Mercedes-Benz Vans: product highlights Presentation of the upgraded V-Class at the Geneva International Motor Show Daimler AG Q1 2019 Results / April 26, 2019 / Page 19
Slide 20: Mercedes-Benz Vans: product highlights
Mercedes-Benz Vans: product highlights World premiere of the Concept EQV, the first purely battery-electric people mover in the premium segment Daimler AG Q1 2019 Results / April 26, 2019 / Page 20
Slide 21: Mercedes-Benz Vans: product highlights
Mercedes-Benz Vans: product highlights Presentation of the Vision URBANETIC at the CES in Las Vegas Daimler AG Q1 2019 Results / April 26, 2019 / Page 21
Slide 22: Daimler Buses: product highlights
Daimler Buses: product highlights Presentation of the Setra TopClass S 531 DT double-decker and the Mercedes-Benz Safety Coach Tourismo at the Bus2Bus show in Berlin Daimler AG Q1 2019 Results / April 26, 2019 / Page 22
Slide 23: Daimler Financial Services: creating one of the leading providers of urban mobility
Daimler Financial Services: creating one of the leading providers of urban mobility 31 million Mobility joint ventures with BMW Daimler mobility service customers including ride hailing, car sharing, parking, at the end of 2018 on-demand multimodal mobility and charging Daimler AG Q1 2019 Results /
Slide 24: YOUR NOW Joint Ventures
YOUR NOW Joint Ventures The Mobility Powerhouse Q1 2019 Interactions in millions 124.2 9.2 53.2 7.7 54.1* 0.06 Customers** in millions >66 >4 24.4 6.7 30.9* 0.02 Cities** >1,200 30 >110 20 >1,200* n/a GMV RR*** in bn € 3.2* * For U.S. entity of PARK, March 2019 figure estimated ** Partially, data su
Slide 25: Daimler Mobility Services: developments in Q1 2019
Daimler Mobility Services: developments in Q1 2019 NOW Joint Ventures Mpay integration platform has just been Cooperation Autonomous Daimler Payment launched for the remaining 13 of total 32 Management Services Solutions markets worldwide of the Mercedes me connect Store. An Urban Mobility Team has
Slide 26: Contents
Contents Results for Q1 2019 Outlook for 2019 Development at the divisions Daimler AG Q1 2019 Results / April 26, 2019 / Page 26
Slide 27: Mercedes-Benz Cars and Vans: continued product offensive
Mercedes-Benz Cars and Vans: continued product offensive 2019 B-Class CLA 4-door Coupe CLA Shooting Brake smart (upgraded) GLE GLC & GLC Coupe EQC GLS GLB (upgraded) eVito V-Class eSprinter (upgraded) Daimler AG Q1 2019 Results / April 26, 2019 / Page 27
Slide 28: Assumptions for automotive markets in 2019
Assumptions for automotive markets in 2019 Global around the prior-year level Europe around the prior-year level Car markets USA slight decrease China slight decrease NAFTA region around the prior-year level Medium- and EU30 around the prior-year level heavy-duty truck Japan* around the prior-year l
Slide 29: 2019 sales outlook
2019 sales outlook Slightly higher unit sales Further Successgrowth based on particularly attractive in and China innovative model portfolio Mercedes-Benz Cars Strong momentum from athe dozen widenew range andof upgraded attractivevehicles and innovative vehicles Significantly Slightly higher higher
Slide 30: 2019 outlook for Group EBIT and divisional RoS/RoE
2019 outlook for Group EBIT and divisional RoS/RoE We expect Group EBIT for FY 2019 to be slightly above the prior-year level Return on sales in the range of 6 to 8% Mercedes-Benz Cars Return on sales in the range of 7 to 9% Daimler Trucks Return on sales in the range of 0 to 2% Mercedes-Benz Vans R
Slide 31: Contents
Contents Results for Q1 2019 Outlook for 2019 Development at the divisions Daimler AG Q1 2019 Results / April 26, 2019 / Page 31
Slide 32: Mercedes-Benz Cars
Mercedes-Benz Cars Unit sales Revenue EBIT in thousands of units in billions of euros in millions of euros 594 23.0 2,060 555 21.2 1,298 -7% -8% -37% Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Daimler AG Q1 2019 Results / April 26, 2019 / Page 32
Slide 33: Mercedes-Benz Cars: EBIT
Mercedes-Benz Cars: EBIT in millions of euros - 762 9.0%* 2,060 Lower unit sales and less favorable model mix Net pricing 6.1%* Foreign exchange rates 1,298 Higher expenses for new technologies and future products EBIT EBIT Q1 2018 Q1 2019 * Return on sales Daimler AG Q1 2019 Results / April 26, 201
Slide 34: Mercedes-Benz Cars: sales decrease due to life cycle effects and model changes
Mercedes-Benz Cars: sales decrease due to life cycle effects and model changes in thousand of units 594 30 555 5 30 smart 6 Sports Cars 212 179 SUVs 23 17 S-Class 105 104 E-Class 120 111 C-Class 98 109 A-/B-Class Q1 2018 Q1 2019 Daimler AG Q1 2019 Results / April 26, 2019 / Page 34
Slide 35: Mercedes-Benz Cars: globally balanced sales structure
Mercedes-Benz Cars: globally balanced sales structure in thousands of units 594 555 100 83 Rest of world 166 157 Europe excl. Germany 79 78 Germany 70 64 United States 179 173 China Q1 2018 Q1 2019 Daimler AG Q1 2019 Results / April 26, 2019 / Page 35
Slide 36: Mercedes-Benz Cars in China: continued strong sales
Mercedes-Benz Cars in China: continued strong sales with increasing share of locally produced vehicles in thousands of units imported locally produced 678 619 193 488 196 400 171 293 150 485 423 147 173 317 28 250 146 145 2014 2015 2016 2017 2018 2019 YTD 03 Daimler AG Q1 2019 Results / April 26, 20
Slide 37: Daimler Trucks
Daimler Trucks Unit sales Revenue EBIT in thousands of units in billions of euros in millions of euros 114 116 9.5 647 8.6 582 +2% +11% -10% Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Daimler AG Q1 2019 Results / April 26, 2019 / Page 37
Slide 38: Daimler Trucks: EBIT
Daimler Trucks: EBIT in millions of euros - 65 7.5%* Higher unit sales especially in the NAFTA region 6.1%* 647 Foreign exchange rates 582 Higher expenses for new technologies and future products Higher costs, mainly related to raw material and supply chain constraints Valuation of provisions EBIT E
Slide 39: Daimler Trucks: sales increase by 2% mainly driven by NAFTA region
Daimler Trucks: sales increase by 2% mainly driven by NAFTA region in thousands of units 114 116 9 6 Rest of world 34 Asia 38 9 Latin America 9 48 NAFTA region 41 17 19 EU30* Q1 2018 Q1 2019 * European Union, Switzerland and Norway Daimler AG Q1 2019 Results / April 26, 2019 / Page 39
Slide 40: Daimler Trucks: significant decrease in incoming orders
Daimler Trucks: significant decrease in incoming orders mainly driven by NAFTA region in thousands of units 184 12 51 8 101 6 Rest of world 39 Asia 89 9 Latin America 27 NAFTA region 24 20 EU30* Q1 2018 Q1 2019 * European Union, Switzerland and Norway Daimler AG Q1 2019 Results / April 26, 2019 / Pa
Slide 41: Mercedes-Benz Vans
Mercedes-Benz Vans Unit sales Revenue EBIT in thousands of units in billions of euros in millions of euros 97.0 3.4 172 93.0 3.1 +4% +9% -98 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Daimler AG Q1 2019 Results / April 26, 2019 / Page 41
Slide 42: Mercedes-Benz Vans: EBIT
Mercedes-Benz Vans: EBIT in millions of euros - 270 Higher unit sales 5.6%* Expenses related to the adjustment of production capacities in Argentina and Russia 172 Higher expenses for new technologies and future products Warranty and goodwill costs Foreign exchange rates Governmental proceedings and
Slide 43: Mercedes-Benz Vans: sales increase by 4% mainly due to higher demand for the Sprinter
Mercedes-Benz Vans: sales increase by 4% mainly due to higher demand for the Sprinter in thousands of units 97.0 93.0 41.3 49.4 Sprinter 27.0 24.8 Vito 15.7 13.6 V-Class 3.2 3.7 X-Class 5.9 5.5 Citan Q1 2018 Q1 2019 Daimler AG Q1 2019 Results / April 26, 2019 / Page 43
Slide 44: Daimler Buses
Daimler Buses Unit sales Revenue EBIT in thousands of units in billions of euros in millions of euros 37 5.7 5.5 0.9 0.8 -4% -8% -21 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Daimler AG Q1 2019 Results / April 26, 2019 / Page 44
Slide 45: Daimler Buses: EBIT
Daimler Buses: EBIT in millions of euros - 58 4.4%* 37 Delivery delays caused by a changed internal certification process for coaches and intercity buses -21 -2.7%* EBIT EBIT Q1 2018 Q1 2019 * Return on sales Daimler AG Q1 2019 Results / April 26, 2019 / Page 45
Slide 46: Daimler Buses: sales decrease by 4% despite higher demand in Brazil and India
Daimler Buses: sales decrease by 4% despite higher demand in Brazil and India in thousands of units 5.7 5.5 0.7 1.1 Rest of world 1.2 0.9 Latin America (excl. Brazil and Mexico) 1.9 2.2 Brazil 0.5 0.4 Mexico 1.4 0.9 EU30* Q1 2018 Q1 2019 * European Union, Switzerland and Norway Daimler AG Q1 2019 Re
Slide 47: Daimler Financial Services
Daimler Financial Services New business Contract volume EBIT in billions of euros in billions of euros in millions of euros 17.9 17.3 154.1 157.4 1,209 -3% +2% 548 +121% Q1 2018 Q1 2019 12/31/2018 3/31/2019 Q1 2018 Q1 2019 Daimler AG Q1 2019 Results / April 26, 2019 / Page 47
Slide 48: Daimler Financial Services: EBIT
Daimler Financial Services: EBIT in millions of euros + 661 35.7%* Merger of mobility services of Daimler and BMW 1,209 Higher contract volume 17.9%* Higher interest-rate level 548 Cost of risk in some markets EBIT EBIT Q1 2018 Q1 2019 * Return on equity Daimler AG Q1 2019 Results / April 26, 2019 /
Slide 49: Daimler Financial Services: slight increase in contract volume
Daimler Financial Services: slight increase in contract volume in billions of euros 154.1 157.4 33.7 35.0 Africa & Asia-Pacific 56.1 57.1 Americas 38.0 38.8 Europe (excl. Germany) 26.2 26.4 Germany 12/31/2018 3/31/2019 Daimler AG Q1 2019 Results / April 26, 2019 / Page 49
Slide 50: Daimler Financial Services: net credit losses at low level
Daimler Financial Services: net credit losses* at low level due to disciplined risk approach 0.89% 0.83% 0.69% 0.68% 0.61% 0.50% 0.51% 0.36% 0.43% 0.34% 0.37% 0.31% 0.31% 0.24% 0.26% 0.21% 0.17% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 YTD * as a percentag
Slide 51: Q1 2019 Results Appendix
DAIMLER Q1 2019 Results Appendix
Slide 52: Initial application of IFRS 16
Initial application of IFRS 16 (former) IAS 17 IFRS 16 FINANCE LEASE OPERATING LEASE Lease Recognition of leased asset and No recognition of leased asset Recognition of a right-of-use liability or liability (“RoU”) asset and a lease liability Changes Depreciation of leased asset Recognitio
Slide 53: Disclaimer
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 identify forward-lookin