Mercedes-benz Group Ag · XETR:MBG
Mercedes-benz — Q2 2024 Earnings Presentation
74 slides from Mercedes-benz's earnings presentation, Jul 26, 2024
Slide 1: Interim Report First half year 2024
Interim Report First half year 2024
Slide 2: Contents
Interim Report Q2 2024 | Mercedes-Benz Group 2 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Contents 3 KEY FIGURES 38 CONDENSED INTERIM 71 FURTHER INFORMATION CONSOLIDATED FINANCIAL 71 Responsibility Statement
Slide 3: Key Figures
Interim Report Q2 2024 | Mercedes-Benz Group 3 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Key Figures Financial key figures of the Mercedes-Benz Group in the second quarter and in the first half year Q2 2024
Slide 4: Financial key figures of the segments in the second quarter
Interim Report Q2 2024 | Mercedes-Benz Group 4 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial key figures of the segments in the second quarter Mercedes-Benz Cars Mercedes-Benz Vans Q2 2024 Q2 2023 Cha
Slide 5: Financial key figures of the segments in the first half year
Interim Report Q2 2024 | Mercedes-Benz Group 5 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial key figures of the segments in the first half year Mercedes-Benz Cars Mercedes-Benz Vans Q1–2 2024 Q1–2 202
Slide 6: Non-financial key figures in the second quarter and first half year
Interim Report Q2 2024 | Mercedes-Benz Group 6 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Non-financial key figures in the second quarter and in the first half year Mercedes-Benz Cars Mercedes-Benz Vans Q2 2
Slide 7: Reporting Principles
Interim Report Q2 2024 | Mercedes-Benz Group 7 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Reporting Principles The Interim Report of Mercedes-Benz Group AG as of The Group includes the segments Mercedes-Benz
Slide 8: Important events
Interim Report Q2 2024 | Mercedes-Benz Group 8 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Important events Interim Group Management Report Important events dividend payout ratio of Mercedes-Benz Group net Me
Slide 9: Important events: second quarter 2024 and events after the reporting period
Interim Report Q2 2024 | Mercedes-Benz Group 9 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Important events Second quarter 2024 Events after the reporting period Annual General Meeting of Mercedes-Benz Sustai
Slide 10: Business development: automotive markets and unit sales
Interim Report Q2 2024 | Mercedes-Benz Group 10 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development Business development In the automotive markets, weaker demand from Unit sales customers became
Slide 11: Business development: Mercedes-Benz Cars unit sales
Interim Report Q2 2024 | Mercedes-Benz Group 11 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development The Core category accounted for 58% of the overall Overall, the share of electrified vehicles r
Slide 12: Mercedes-Benz Cars unit sales
Interim Report Q2 2024 | Mercedes-Benz Group 12 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development Mercedes-Benz Cars unit sales Q2 2024 Q2 2023 Change Q1-2 2024 Q1-2 2023 Change In units in % i
Slide 13: Mercedes-Benz Vans and Mercedes-Benz Mobility
Interim Report Q2 2024 | Mercedes-Benz Group 13 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development Mercedes-Benz Vans Mercedes-Benz Vans sold 208,900 vehicles in the first Mercedes-Benz Mobility
Slide 14: Investment and research activities
Interim Report Q2 2024 | Mercedes-Benz Group 14 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development In Germany, new business decreased by 15% in the Investment and research activities Key drivers
Slide 15: Research and development expenditure
Interim Report Q2 2024 | Mercedes-Benz Group 15 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Business development Research and development expenditure In terms of research and development activities, the focus
Slide 16: Profitability
Interim Report Q2 2024 | Mercedes-Benz Group 16 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability Profitability, cash flows and Profitability Research and non-capitalized development costs in the seco
Slide 17: Profitability: net interest and net profit
Interim Report Q2 2024 | Mercedes-Benz Group 17 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability Net interest income/expense improved in the second Further information on the items in the Consolidate
Slide 18: Condensed Statement of Income/Loss, three months to 30 June
Interim Report Q2 2024 | Mercedes-Benz Group 18 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability Condensed Consolidated Statement of Income/Loss for the three-month period ended 30 June Mercedes-Benz
Slide 19: EBIT of the segments, three-month period
Interim Report Q2 2024 | Mercedes-Benz Group 19 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability EBIT of the segments for the three-month period The Mercedes-Benz Vans segment was able to In the seco
Slide 20: EBIT for the three-month period ended 30 June
Interim Report Q2 2024 | Mercedes-Benz Group 20 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability EBIT for the three-month period ended 30 June Mercedes-Benz Group Mercedes-Benz Cars Mercedes-Benz Van
Slide 21: Statement of Income/Loss, six-month period
Interim Report Q2 2024 | Mercedes-Benz Group 21 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability Consolidated Statement of Income/Loss of the Research and non-capitalized development costs Net intere
Slide 22: Condensed Statement of Income/Loss, six months to 30 June
Interim Report Q2 2024 | Mercedes-Benz Group 22 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability Condensed Consolidated Statement of Income/Loss for the six-month period ended 30 June Mercedes-Benz G
Slide 23: EBIT of the segments, six-month period
Interim Report Q2 2024 | Mercedes-Benz Group 23 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability EBIT of the segments for the six-month period The Mercedes-Benz Vans segment was able to In the first
Slide 24: EBIT for the six-month period ended 30 June
Interim Report Q2 2024 | Mercedes-Benz Group 24 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Profitability EBIT for the six-month period ended 30 June Mercedes-Benz Group Mercedes-Benz Cars Mercedes-Benz Vans
Slide 25: Cash flows
Interim Report Q2 2024 | Mercedes-Benz Group 25 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows Cash flows Condensed Consolidated Statement of Cash flows Mercedes-Benz Group Industrial Business Mercede
Slide 26: Cash flows: investing and financing
Interim Report Q2 2024 | Mercedes-Benz Group 26 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows Mercedes-Benz Group Industrial Business Mercedes-Benz Mobility Q1-2 2024 Q1-2 2023 Q1-2 2024 Q1-2 2023 Q1
Slide 27: Free cash flow of the industrial business
Interim Report Q2 2024 | Mercedes-Benz Group 27 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows Free cash flow of the industrial business Free cash flow of the industrial business • Positive developmen
Slide 28: Reconciliation from CFBIT to free cash flow
Interim Report Q2 2024 | Mercedes-Benz Group 28 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows As well as being calculated on the basis of the dis- Reconciliation from CFBIT to the free cash flow of t
Slide 29: CFBIT and cash conversion rate of the automotive segments
Interim Report Q2 2024 | Mercedes-Benz Group 29 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows CFBIT and cash conversion rate of the automotive Reconciliation to adjusted CFBIT for the three-month per
Slide 30: Net liquidity and net debt
Interim Report Q2 2024 | Mercedes-Benz Group 30 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Cash flows Net liquidity and net debt As can be seen in the following table, after taking Refinancing exchange-rate
Slide 31: Financial position
Interim Report Q2 2024 | Mercedes-Benz Group 31 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial position Financial position As of 30 June 2024, the balance sheet total of the Group was at the level of 3
Slide 32: Equity and liabilities
Interim Report Q2 2024 | Mercedes-Benz Group 32 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial position Mercedes-Benz Group Industrial Business Mercedes-Benz Mobility 30 June 31 December 30 June 31 Dec
Slide 33: Assets, liabilities and equity
Interim Report Q2 2024 | Mercedes-Benz Group 33 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial position Assets Liabilities and equity Further information on the assets presented in the Statement of Fin
Slide 34: Derivation of net assets of the automotive segments
Interim Report Q2 2024 | Mercedes-Benz Group 34 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Financial position The following table shows the derivation of net assets of the automotive segments. They relate to
Slide 35: Outlook
Interim Report Q2 2024 | Mercedes-Benz Group 35 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Outlook Outlook Customer demand on the global automotive markets Overview of forecast key figures is expected to rem
Slide 36: Forward-looking statements for the year 2024
Interim Report Q2 2024 | Mercedes-Benz Group 36 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Outlook Forward-looking statements for the year 2024 Adjustments in the Adjustments in the Annual Report 31 December
Slide 37: Risk and Opportunity Report
Interim Report Q2 2024 | Mercedes-Benz Group 37 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Risk and Opportunity Report Risk and Opportunity Report Business risks, company-specific risks and financial Further
Slide 38: Condensed Interim Consolidated Financial Statements
Interim Report Q2 2024 | Mercedes-Benz Group 38 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Condensed Interim Consolidated Financial Statements
Slide 39: Consolidated Statement of Income/Loss
Interim Report Q2 2024 | Mercedes-Benz Group 39 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Income/Loss Consolidated Statement of Income/Loss Note Q2 2024 Q2 2023¹ Q1-2 2024 Q1-2 202
Slide 40: Consolidated Statement of Comprehensive Income/Loss
Interim Report Q2 2024 | Mercedes-Benz Group 40 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Comprehensive Income/Loss Consolidated Statement of Comprehensive Income/Loss Q2 2024 Q2 2
Slide 41: Consolidated Statement of Financial Position
Interim Report Q2 2024 | Mercedes-Benz Group 41 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Financial Position Consolidated Statement of Financial Position 30 June 31 December Note 2
Slide 42: Consolidated Statement of Financial Position: equity and liabilities
Interim Report Q2 2024 | Mercedes-Benz Group 42 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Financial Position 30 June 31 December Note 2024 2023 Equity and liabilities Share capital
Slide 43: Consolidated Statement of Cash Flows
Interim Report Q2 2024 | Mercedes-Benz Group 43 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Cash Flows Consolidated Statement of Cash Flows Q1-2 2024 Q1-2 2023 In millions of euros P
Slide 44: Consolidated Statement of Cash Flows (continued)
Interim Report Q2 2024 | Mercedes-Benz Group 44 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Cash Flows Q1-2 2024 Q1-2 2023 In millions of euros Change in short-term financing liabili
Slide 45: Consolidated Statement of Changes in Equity
Interim Report Q2 2024 | Mercedes-Benz Group 45 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Changes in Equity Consolidated Statement of Changes in Equity Other reserves Equity attrib
Slide 46: Consolidated Statement of Changes in Equity (2024)
Interim Report Q2 2024 | Mercedes-Benz Group 46 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Consolidated Statement of Changes in Equity Other reserves Equity attributable to Difference of Derivative sharehold
Slide 47: Notes: 1. Basis of preparation
Interim Report Q2 2024 | Mercedes-Benz Group 47 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements Notes to the Interim Consolidated The Board of Management aut
Slide 48: 2. Significant disposals of investments
Interim Report Q2 2024 | Mercedes-Benz Group 48 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 2. Significant disposals of The sale of the Russian subsidiar
Slide 49: 3. Revenue
Interim Report Q2 2024 | Mercedes-Benz Group 49 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements Sale of Indonesian sales and production entities 3. Revenue O
Slide 50: Revenue for the three-month period ended 30 June
Interim Report Q2 2024 | Mercedes-Benz Group 50 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements Revenue for the three-month period ended 30 June Mercedes-Ben
Slide 51: 4. Functional costs; 5. Other operating income and expense
Interim Report Q2 2024 | Mercedes-Benz Group 51 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 4. Functional costs 5. Other operating income and expense The
Slide 52: 6. Other financial income/expense
Interim Report Q2 2024 | Mercedes-Benz Group 52 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 6. Other financial income/expense The composition of other fi
Slide 53: 7. Interest income and interest expense
Interim Report Q2 2024 | Mercedes-Benz Group 53 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 7. Interest income and interest expense The composition of in
Slide 54: 8. Income taxes; 9. Intangible assets
Interim Report Q2 2024 | Mercedes-Benz Group 54 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 8. Income taxes 9. Intangible assets The following table show
Slide 55: 10. Property, plant and equipment; 11. Equipment on operating leases
Interim Report Q2 2024 | Mercedes-Benz Group 55 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 10. Property, plant and equipment 11. Equipment on operating
Slide 56: 12. Equity-method investments
Interim Report Q2 2024 | Mercedes-Benz Group 56 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 12. Equity-method investments In May 2024, the Annual General
Slide 57: 13. Receivables from financial services
Interim Report Q2 2024 | Mercedes-Benz Group 57 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 13. Receivables from financial services Receivables from fina
Slide 58: 14. Inventories; 15. Equity
Interim Report Q2 2024 | Mercedes-Benz Group 58 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 14. Inventories 15. Equity of Mercedes-Benz Group AG below 10
Slide 59: Share buyback programme and dividend
Interim Report Q2 2024 | Mercedes-Benz Group 59 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements The additional share buyback programme commenced Dividend in
Slide 60: 16. Pensions and similar obligations
Interim Report Q2 2024 | Mercedes-Benz Group 60 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 16. Pensions and similar Development of funded status 30 June
Slide 61: 17. Provisions for other risks
Interim Report Q2 2024 | Mercedes-Benz Group 61 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 17. Provisions for other risks Provisions for other risks are
Slide 62: 18. Financing liabilities
Interim Report Q2 2024 | Mercedes-Benz Group 62 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 18. Financing liabilities Financing liabilities are comprised
Slide 63: 19. Legal proceedings
Interim Report Q2 2024 | Mercedes-Benz Group 63 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 19. Legal proceedings Diesel emission behaviour: consumer act
Slide 64: 20. Financial instruments
Interim Report Q2 2024 | Mercedes-Benz Group 64 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 20. Financial instruments Marketable debt securities and equi
Slide 65: Carrying amounts and fair values of financial instruments
Interim Report Q2 2024 | Mercedes-Benz Group 65 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements Carrying amounts and fair values of financial instruments 30
Slide 66: Measurement hierarchy of financial assets and liabilities
Interim Report Q2 2024 | Mercedes-Benz Group 66 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements The following table provides an overview of the At the end of
Slide 67: 21. Segment reporting
Interim Report Q2 2024 | Mercedes-Benz Group 67 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 21. Segment reporting Segment reporting is presented in accor
Slide 68: Reconciliation of EBIT to Group figures
Interim Report Q2 2024 | Mercedes-Benz Group 68 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements The reconciliation includes functions and services provided b
Slide 69: 22. Related party disclosures
Interim Report Q2 2024 | Mercedes-Benz Group 69 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements 22. Related party disclosures The receivables and right-of-us
Slide 70: Transactions with related parties
Interim Report Q2 2024 | Mercedes-Benz Group 70 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Notes to the Interim Consolidated Financial Statements Transactions with related parties Income from sales of goods
Slide 71: Responsibility Statement of the Legal Representatives
Interim Report Q2 2024 | Mercedes-Benz Group 71 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Responsibility Statement of the Legal Representatives Further Information Responsibility Statement of the Legal Repr
Slide 72: Review Report
Interim Report Q2 2024 | Mercedes-Benz Group 72 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Review Report Review Report We conducted our review of the condensed consoli- Based on our review, no matters have c
Slide 73: Information on the Internet
Interim Report Q2 2024 | Mercedes-Benz Group 73 Contents Key Figures Reporting Principles Interim Group Management Report Interim Consolidated Financial Statements Further Information Information on the Internet Information on the Internet Further information about the Mercedes-Benz Group share can
Slide 74: Mercedes-Benz Group AG, Mercedesstraße 120, 70372 Stuttgart, Germany
Mercedes-Benz Group AG, Mercedesstraße 120, 70372 Stuttgart, Germany