Slide 1: Q2 and Half-Year 2016 Results
Q2 and Half-Year 2016 Results July 21, 2016
Slide 2: Contents
Contents Results for Q2 2016 Outlook for 2016 Development at the divisions Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 2
Slide 3: Highlights of Q2 2016
Highlights of Q2 2016 Strong growth in Group unit sales 761,300 +7% Highest quarterly unit sales so far at Mercedes-Benz Cars 546,500 +9% EBIT adjusted for special items € 4.0bn +6% World premiere of the new Mercedes-Benz E-Class station wagon Start of production of new Mercedes-Benz C-Class Cabriol
Slide 4: Key financials
Key financials Q2 2015 Q2 2016 Revenue 37.5 38.6 EBIT as reported 3.7 3.3 adjusted for special items 3.8 4.0 Net profit 2.4 2.5 Earnings per share (in euros) 2.12 2.27 Net liquidity industrial business (2015: year-end) 18.6 17.4 Free cash flow of the industrial business (January-June) 3.4 2.1 in bil
Slide 5: Key balance sheet and financial figures
Key balance sheet and financial figures Daimler Group Dec. 31, 2015 June 30, 2016 Equity ratio 23.6% 22.7% Gross liquidity 18.2 22.9 Industrial business Equity ratio 44.2% 41.2% Net liquidity 18.6 17.4 in billions of euros Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 5
Slide 6: Net industrial liquidity: development in H1 2016
Net industrial liquidity: development in H1 2016 - in billions of euros - Free cash flow industrial business H1 2016: €2.1bn +2.1 +0.0 -3.5 18.6 +0.2 17.4 Net industrial Earnings and Working capital Dividend payment Other Net industrial liquidity other cash flow impact Daimler AG liquidity 12/31/201
Slide 7: Unit sales
Unit sales Q2 2015 Q2 2016 % change Daimler Group 714.8 761.3 +7 of which Mercedes-Benz Cars 500.7 546.5 +9 Daimler Trucks 125.1 108.3 -13 Mercedes-Benz Vans 81.6 99.6 +22 Daimler Buses 7.3 7.0 -5 in thousands of units Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 7
Slide 8: Mercedes-Benz Cars: product highlights
Mercedes-Benz Cars: product highlights New Mercedes-Benz E-Class station wagon New smart New Mercedes-Benz cabrio GLC Coupé New New Mercedes-Benz S-ClassCabriolet Mercedes-Benz C-Class Cabriolet Mercedes-Benz Concept New Mercedes-AMG GT R IAA Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016
Slide 9: Daimler Trucks: product highlights
Daimler Trucks: product highlights New Sideguard Assist and Active Brake Assist safety technologies Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 9
Slide 10: Daimler Trucks: product highlights
Daimler Trucks: product highlights Mercedes-Benz Uptime: Significant increase of vehicle availability through connectivity Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 10
Slide 11: Daimler Buses: product highlights
Daimler Buses: product highlights World premiere: Autonomous driving of the Mercedes-Benz Future Bus with City Pilot Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 11
Slide 12: Mercedes-Benz Vans: product highlights
Mercedes-Benz Vans: product highlights Launch of the Mercedes-Benz Sprinter with more payload and power Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 12
Slide 13: Revenue by division
Revenue by division Q2 2015 Q2 2016 % change Daimler Group 37.5 38.6 +3 of which Mercedes-Benz Cars 21.1 22.1 +5 Daimler Trucks 9.4 8.7 -8 Mercedes-Benz Vans 2.8 3.4 +22 Daimler Buses 1.0 1.1 +8 Daimler Financial Services 4.8 5.0 +5 Contract volume of Daimler Financial Services* 116.7 120.3 +3 in bi
Slide 14: EBIT by division
EBIT by division Q2 2015 Q2 2016 - EBIT in millions of euros; RoS in % - EBIT RoS* EBIT RoS* Daimler Group 3,718 10.0 3,258 8.3 of which Mercedes-Benz Cars 2,227 10.5 1,410 6.4 Daimler Trucks 682 7.2 621 7.2 Mercedes-Benz Vans 234 8.3 401 11.7 Daimler Buses 57 5.5 88 7.8 Daimler Financial Services 4
Slide 15: Group EBIT in Q2 2016
Group EBIT in Q2 2016 - in millions of euros - +93 -29 +34 0 -669 3,718 +111 • Cars -18 • Cars -252 • Cars +246 • Trucks +87 • Trucks +169 • Trucks -313 • Vans • Buses -5 +29 • Vans +76 3,258 • Vans +153 • Buses -22 • Buses +25 of which: • Contribution to pension plan +605 • Expenses due to Takata a
Slide 16: Special items affecting EBIT (I)
Special items affecting EBIT (I) Mercedes-Benz Cars Q2 2015 Q2 2016 H1 2015 H1 2016 Restructuring of own dealer network -16 -11 -36 -21 Relocation of headquarters of MBUSA +9 – -11 – Sale of real estate in the United States – – +87 – Expenses in connection with Takata airbags – -440 – -460 Net expen
Slide 17: Special items affecting EBIT (II)
Special items affecting EBIT (II) Mercedes-Benz Vans Q2 2015 Q2 2016 H1 2015 H1 2016 Restructuring of own dealer network -4 -2 -8 -3 Relocation of headquarters of MBUSA – – -2 – Expenses in connection with Takata airbags – -59 – -63 Workforce adjustments in Germany – – – -30 Daimler Buses Restructur
Slide 18: EBIT adjusted for special items
EBIT adjusted for special items Q2 2015 Q2 2016 - EBIT in millions of euros; RoS in % - EBIT RoS* EBIT RoS* Daimler Group 3,764 10.1 3,973 10.4 of which Mercedes-Benz Cars 2,234 10.6 2,209 10.0 Daimler Trucks 717 7.6 661 7.6 Mercedes-Benz Vans 238 8.4 462 13.4 Daimler Buses 57 5.5 89 7.9 Daimler Fin
Slide 19: Contents
Contents Results for Q2 2016 Outlook for 2016 Development at the divisions Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 19
Slide 20: Mercedes-Benz Cars and Vans: continued product offensive
Mercedes-Benz Cars and Vans: continued product offensive 2016 2017 GLS facelift E-Class sedan E-Class E-Class E-Class E-Class S-Class (long wheelbase) station wagon Coupé All Terrain facelift CLA facelift GLC Coupé GLA facelift S-Class SL facelift SLC facelift C-Class GT R GT C E-Class GT C Cabriole
Slide 21: Assumptions for automotive markets in 2016
Assumptions for automotive markets in 2016 Global around +3% Western Europe slight growth Car markets USA around the prior-year level China significant growth NAFTA region around -15% Medium- and Europe around +10% heavy-duty truck Japan* around the prior-year level markets Brazil around -25% Indone
Slide 22: 2016 sales outlook
2016 sales outlook Significantly higher unit sales Strong momentum from renewed SUV portfolio and further plug-in hybrid models Mercedes-Benz Cars Launch of all-new E-Class, C-Class Coupé, S-Class Cabriolet and smart fortwo cabrio Unit sales significantly below the prior-year level Worsened situatio
Slide 23: 2016 outlook for EBIT adjusted for special items
2016 outlook for EBIT adjusted for special items We expect Group EBIT for FY 2016 to increase slightly based on the following expectations for divisional EBIT: Slightly above the prior-year level Mercedes-Benz Cars Significantly below the prior-year level Daimler Trucks Significantly above the prior
Slide 24: Contents
Contents Results for Q2 2016 Outlook for 2016 Development at the divisions Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 24
Slide 25: Mercedes-Benz Cars: continued business growth based on strong product portfolio
Mercedes-Benz Cars: continued business growth based on strong product portfolio Unit sales Revenue EBIT adjusted for special items – in thousands of units – – in billions of euros – – in millions of euros – 547 2,234 501 +9% 21.1 +5% 22.1 -1% 2,209 Q2 2015 Q2 2016 Q2 2015 Q2 2016 Q2 2015 Q2 2016 Dai
Slide 26: Mercedes-Benz Cars: EBIT adjusted for special items
Mercedes-Benz Cars: EBIT adjusted for special items - in millions of euros - - 25 10.6%* Higher unit sales 10.0%* 2,234 Model mix and regional structure 2,209 Discounting of provisions due to lower interest rates Higher expenses for new technologies and future products EBIT EBIT Q2 2015 Q2 2016 * Re
Slide 27: Mercedes-Benz Cars: sales volume above prior-year level
Mercedes-Benz Cars: sales volume above prior-year level - in thousands of units - 547 501 40 smart 6 Sports Cars 8 34 127 180 SUVs* 28 23 S-Class 80 58 E-Class 113 128 C-Class 110 113 A-/B-Class Q2 2015 Q2 2016 * incl. GLA Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 27
Slide 28: Mercedes-Benz Cars: balanced sales structure
Mercedes-Benz Cars: balanced sales structure - unit sales in thousands - 547 501 117 Rest of world 119 142 Western Europe 122 excl. Germany 84 Germany 79 87 United States 90 91 117 China Q2 2015 Q2 2016 Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 28
Slide 29: Daimler Trucks: key figures driven by heterogeneous market development
Daimler Trucks: key figures driven by heterogeneous market development Unit sales Revenue EBIT adjusted for special items – in thousands of units – – in billions of euros – – in millions of euros – 125 -13% 9.4 -8% 717 -8% 108 8.7 661 Q2 2015 Q2 2016 Q2 2015 Q2 2016 Q2 2015 Q2 2016 Daimler AG Q2 and
Slide 30: Daimler Trucks: EBIT adjusted for special items
Daimler Trucks: EBIT adjusted for special items - in millions of euros - - 56 7.6%* Higher unit sales in Europe (EU30) 7.6%* Efficiency enhancements 717 Foreign exchange rates 661 Lower unit sales in the NAFTA region, Turkey, Latin America, Indonesia and Middle East Intense competition in Europe EBI
Slide 31: Daimler Trucks: decrease in unit sales driven by NAFTA region, Turkey, Latin America, Indonesia
Daimler Trucks: decrease in unit sales driven by NAFTA region, Turkey, Latin America, Indonesia and Middle East - in thousands of units - 125 14 108 10 Rest of world 35 30 Asia 9 7 Latin America 49 41 NAFTA region 18 20 EU30* Q2 2015 Q2 2016 * European Union, Switzerland and Norway Daimler AG Q2 and
Slide 32: Daimler Trucks: incoming orders significantly below prior-year level
Daimler Trucks: incoming orders significantly below prior- year level - in thousands of units - 124 17 94 38 10 Rest of world 8 32 Asia 7 Latin America 40 25 NAFTA region 21 20 EU30* Q2 2015 Q2 2016 * European Union, Switzerland and Norway Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / P
Slide 33: Mercedes-Benz Vans: strong development based on very successful products
Mercedes-Benz Vans: strong development based on very successful products Unit sales Revenue EBIT adjusted for special items – in thousands of units – – in billions of euros – – in millions of euros – 99.6 3.4 +22% +22% +94% 462 81.6 2.8 238 Q2 2015 Q2 2016 Q2 2015 Q2 2016 Q2 2015 Q2 2016 Daimler AG
Slide 34: Mercedes-Benz Vans: EBIT adjusted for special items
Mercedes-Benz Vans: EBIT adjusted for special items - in millions of euros - + 224 13.4%* 462 Higher unit sales 8.4%* Efficiency enhancements 238 EBIT EBIT Q2 2015 Q2 2016 * Return on sales Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 34
Slide 35: Mercedes-Benz Vans: market success of mid-size vans
Mercedes-Benz Vans: market success of mid-size vans - in thousands of units - 99.6 81.6 54.1 Sprinter 48.6 24.7 Vito 19.5 13.9 V-Class* 8.2 5.4 6.9 Citan Q2 2015 Q2 2016 * incl. Viano Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 35
Slide 36: Daimler Buses: strong EBIT despite significant market contraction in Latin America
Daimler Buses: strong EBIT despite significant market contraction in Latin America Unit sales Revenue EBIT adjusted for special items – in thousands of units – – in billions of euros – – in millions of euros – 7.3 -5% 7.0 +8% 1.1 +56% 1.0 89 57 Q2 2015 Q2 2016 Q2 2015 Q2 2016 Q2 2015 Q2 2016 Daimler
Slide 37: Daimler Buses: EBIT adjusted for special items
Daimler Buses: EBIT adjusted for special items - in millions of euros - + 32 7.9%* Higher unit sales and better model mix in Western Europe 89 5.5%* Foreign exchange rates 57 Lower sales and cost inflation in Latin America EBIT EBIT Q2 2015 Q2 2016 * Return on sales Daimler AG Q2 and Half-Year 2016
Slide 38: Daimler Buses: lower demand for bus chassis in Latin America
Daimler Buses: lower demand for bus chassis in Latin America - unit sales in thousands - 7.3 7.0 0.7 0.9 Rest of world 1.4 1.2 Latin America (excl. Brazil and Mexico) 1.9 1.8 Brazil 0.9 0.6 Mexico 2.4 2.5 Europe Q2 2015 Q2 2016 Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 38
Slide 39: Daimler Financial Services: further business growth
Daimler Financial Services: further business growth New business Contract volume EBIT – in billions of euros – – in billions of euros – – in millions of euros – 14.8 +4% 15.4 116.7 +3% 120.3 +8% 479 445 Q2 2015 Q2 2016 12/31/2015 6/30/2016 Q2 2015 Q2 2016 Daimler AG Q2 and Half-Year 2016 Results / J
Slide 40: Daimler Financial Services: EBIT
Daimler Financial Services: EBIT - in millions of euros - + 34 19.3%* 20.7%* Higher contract volume 479 445 Foreign exchange rates EBIT EBIT Q2 2015 Q2 2016 * Return on equity Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 40
Slide 41: Daimler Financial Services: growth in all regions
Daimler Financial Services: growth in all regions - contract volume in billions of euros - 116.7 120.3 20.2 22.2 Africa & Asia-Pacific 50.8 50.9 Americas 25.8 26.3 Europe (excl. Germany) 19.8 20.9 Germany 12/31/2015 6/30/2016 Daimler AG Q2 and Half-Year 2016 Results / July 21, 2016 / Page 41
Slide 42: Daimler Financial Services: net credit losses at low level
Daimler Financial Services: net credit losses* at low level 0.89% 0.83% 0.69% 0.68% 0.61% 0.50% 0.51% 0.43% 0.36% 0.37% 0.34% 0.31% 0.29% 0.24% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD * as a percentage of portfolio, subject to credit risk Daimler AG Q2 and Half-Year
Slide 43: 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