Traton SE · XETR:8TRA
Traton — Investor Presentation (May 2021)
113 slides from Traton's investor presentation, May 2021
Slide 1: TRATON Group – Creating a Global Champion: Analyst & Investor Factbook
TRATON GROUP – CREATING A GLOBAL CHAMPION ANALYST & INVESTOR FACTBOOK STATUS AS OF MAY 2021
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared for information purposes only. It does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Volkswagen AG, TRATON SE, or any company of the TRATON GROUP
Slide 3: Agenda
AGENDA 01. TRATON at a Glance 02. Truck Industry 03. Business Overview 04. Global Champion Strategy 05. Navistar Acquisition 06. Sustainability 07. Shares 08. Debt & Rating 09. Financials 10. IR Team 11. Useful Links & Glossary May 2021 / Investor Relations / Analyst & Investor Factbook 3
Slide 4: Leading global brands with strategic alliance partners
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY LEADING GLOBAL BRANDS WITH STRATEGIC ALLIANCE PARTNERS FULL CONSOLIDATED ASSOCIATES STRATEGIC PARTNER Leader in core markets Power
Slide 5: A portfolio of leading truck brands leveraging partnerships
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY A PORTFOLIO OF LEADING TRUCK BRANDS LEVERAGING PARTNERSHIPS Relates to % of total TRATON ALLIANCE PARTNERSHIPS unit sales in 2020
Slide 6: From light to heavy vehicles, covering all segments of the transportation industry
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY FROM LIGHT TO HEAVY VEHICLES, COVERING ALL SEGMENTS OF THE TRANSPORTATION INDUSTRY TRUCKS (URBAN, HAULAGE, OFF-ROAD, SPECIAL) Fire
Slide 7: Key manufacturing facilities
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY KEY MANUFACTURING FACILITIES Engine plant One or multiple component plant One or multiple assembly plant Mixed assembly and compon
Slide 8: Diversified by geography and by brand
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY DIVERSIFIED BY GEOGRAPHY AND BY BRAND UNIT SALES FY 2020 (% of total) SALES REVENUE FY 2020 (% of total) Other Financial Services
Slide 9: Major milestones for TRATON Group
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY MAJOR MILESTONES FOR TRATON GROUP DEBUT TRATON SYNDICATED INNOVATION DAY NEXT: ENTRY TO RCF €3.75 BN NORTH AMERICAN 2019 TRATON WA
Slide 10: Snapshot – strategic and product highlights 2020
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY SNAPSHOT – STRATEGIC AND PRODUCT HIGHLIGHTS 2020 The TRATON GROUP successfully followed its Global Champion Strategy Strategy Nove
Slide 11: Strong and experienced management
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY STRONG AND EXPERIENCED MANAGEMENT EXECUTIVE BOARD 34 21 44 Matthias Gründler (CEO) Christian Schulz (CFO) Bernd Osterloh (CHRO) 26
Slide 12: Corporate governance – two-tier board structure
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY CORPORATE GOVERNANCE ̶ TWO-TIER BOARD STRUCTURE WITH INDEPENDENCE SECURED BY SUPERVISORY BOARD COMPOSITION CORPORATE BODIES OF TRA
Slide 13: Unchanged positive truck market outlook, but risks remain
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY UNCHANGED POSITIVE TRUCK MARKET OUTLOOK, BUT RISKS REMAIN (STATUS UPDATE AS OF MAY 10, 2021) TRUCK MARKET EXPECTATIONS (˃ 6t, k un
Slide 14: TRATON outlook 2021 raised – recovery after strong decline
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON OUTLOOK 2021 RAISED – RECOVERY AFTER STRONG DECLINE (STATUS UPDATE AS OF MAY 10, 2021) FY 2021 Outlook FY 2021 Outlook FY 2
Slide 15: TRATON Group uniquely positioned for profitable growth
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP UNIQUELY POSITIONED FOR PROFITABLE GROWTH • Scania: enters harvesting period on New Truck Generation, profits from TH
Slide 16: Agenda
AGENDA 01. TRATON at a Glance 02. Truck Industry 03. Business Overview 04. Global Champion Strategy 05. Navistar Acquisition 06. Sustainability 07. Shares 08. Debt & Rating 09. Financials 10. IR Team 11. Useful Links & Glossary May 2021 / Investor Relations / Analyst & Investor Factbook 16
Slide 17: Trucks are capital goods – purchase decisions based on total cost of ownership
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRUCKS ARE CAPITAL GOODS – PURCHASE DECISIONS ARE BASED ON RATIONAL FACTORS: TOTAL COST OF OWNERSHIP (TCO) TRUCKS PASSENGER CARS S
Slide 18: Purchasing decisions are driven by total cost of ownership
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY PURCHASING DECISIONS ARE DRIVEN BY TOTAL COST OF OWNERSHIP (TCO) ADMIN AND SELECTED KEY ELEMENTS SERVICES VEHICLE FUEL Annual mile
Slide 19: Global view on trucks
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GLOBAL VIEW ON TRUCKS North America Russia Conventional trucks with Powerful products with four engine in front - driven by wheel
Slide 20: Road transport accounts for over half of tonne-kilometres in the EU
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY ROAD TRANSPORT ACCOUNTS FOR OVER HALF OF ALL TONNE-KILOMETRES PERFORMED IN THE EU MODAL SPLIT OF FREIGHT TRANSPORT TREND (2018, %,
Slide 21: Even distribution of short- and long-haul transport
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY EVEN DISTRIBUTION OF SHORT- AND LONG-HAUL TRANSPORT – STRONGEST GROWTH IN MID AND LONG DISTANCES 2010 2018 VEHICLE KILOMETER [bn v
Slide 22: Emission regulations to remain one driver for the truck industry
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY EMISSION REGULATIONS TO REMAIN ONE DRIVER FOR THE TRUCK INDUSTRY EU CO2 REDUCTION TARGETS COMMENTARY (Based on reference July 1, 2
Slide 23: Truck industry is highly consolidated in key markets
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRUCK INDUSTRY IS HIGHLY CONSOLIDATED IN KEY MARKETS HIGH BARRIERS TO ENTRY LIMITED NUMBER OF GLOBAL PLAYERS • Trucks are highly c
Slide 24: Outlook for TRATON's core markets in general positive
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY OUTLOOK FOR TRATON'S CORE MARKETS IN GENERAL POSITIVE – DESPITE SHORT-TERM DISRUPTION DUE TO THE COVID-19 PANDEMIC TRUCK UNIT SALE
Slide 25: Agenda
AGENDA 01. TRATON at a Glance 02. Truck Industry 03. Business Overview 04. Global Champion Strategy 05. Navistar Acquisition 06. Sustainability 07. Shares 08. Debt & Rating 09. Financials 10. IR Team 11. Useful Links & Glossary May 2021 / Investor Relations / Analyst & Investor Factbook 25
Slide 26: Key financials by division
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY KEY FINANCIALS BY DIVISION Industrial Business Financial Group FY 2020 Scania V&S MAN T&B VWCO Other1 Services Sales Revenue €11.5
Slide 27: Industrial Business – incoming orders and unit sales
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS – INCOMING ORDERS AND UNIT SALES INCOMING ORDERS (k units and % of total) UNIT SALES (k units and % of total)
Slide 28: Industrial Business – sales revenue and adjusted operating result
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS – SALES REVENUE AND ADJUSTED OPERATING RESULT SALES REVENUE (€ bn) ADJUSTED OPERATING RESULT (€ bn) Adjusted R
Slide 29: Industrial Business – capital expenditure and R&D costs
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS – CAPITAL EXPENDITURE AND R&D COSTS CAPITAL EXPENDITURE1 (€ bn) PRIMARY RESEARCH & DEVELOPMENT COSTS2 (€ bn) I
Slide 30: Industrial Business – aftermarket sales and services
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS – AFTERMARKET SALES AND SERVICES PROVIDING ADDITIONAL STABILITY TO PROFITABILITY AND CASH FLOWS FY 2020 Future
Slide 31: Financial Services – overview
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY FINANCIAL SERVICES – OVERVIEW SOLUTIONS CURRENT OFFERING Operating lease Financial lease • Scania Financial Services is • MAN bran
Slide 32: Financial Services – operating result and equity ratio
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY FINANCIAL SERVICES – OPERATING RESULT AND EQUITY RATIO OPERATING RESULT (€ mn) EQUITY RATIO (%) Return on equity1 Bad debt ratio3
Slide 33: Financial Services – net portfolio and penetration rate
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY FINANCIAL SERVICES – NET PORTFOLIO AND PENETRATION RATE NET PORTFOLIO1 (€ bn) PENETRATION RATES2 (%) 9.9 46.1% 9.5 43.0% 42.9% 41.
Slide 34: Group – data at a glance (incoming orders)
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – DATA AT A GLANCE INCOMING ORDERS (units) Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FY 2019 Q
Slide 35: Group – data at a glance (sales revenues)
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – DATA AT A GLANCE SALES REVENUES (€ mn) Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FY 2019 Q1
Slide 36: Group – data at a glance (operating result)
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – DATA AT A GLANCE OPERATING RESULT (€ mn) Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FY 2019 Q
Slide 37: Group – data at a glance (adjusted operating result)
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – DATA AT A GLANCE ADJUSTED OPERATING RESULT (€ mn) Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019
Slide 38: Agenda
AGENDA 01. TRATON at a Glance 02. Truck Industry 03. Business Overview 04. Global Champion Strategy 05. Navistar Acquisition 06. Sustainability 07. Shares 08. Debt & Rating 09. Financials 10. IR Team 11. Useful Links & Glossary May 2021 / Investor Relations / Analyst & Investor Factbook 38
Slide 39: Global Champion strategy based on four pillars
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GLOBAL CHAMPION STRATEGY BASED ON FOUR PILLARS Creating a Global Champion Leader in Profitability | Global Presence | Innovation B
Slide 40: Leading truck brands and #1 market positions in Europe and South America
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY LEADING TRUCK BRANDS AND #1 MARKET POSITIONS IN EUROPE AND SOUTH AMERICA TRATON truck market share in 2020 (> 15t) Europe1 32% Mar
Slide 41: Multiple strategic levers for growth
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP WITH MULTIPLE STRATEGIC LEVERS FOR GROWTH TRATON GROUP SALES REVENUE • Market leadership in Europe and South America
Slide 42: Clear positioning of brands
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY CLEAR POSITIONING OF BRANDS Driving the shift towards a Simplifying business by being the Less you don’t want sustainable transpor
Slide 43: Strong position of all brands with new truck lines
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY STRONG POSITION OF ALL BRANDS WITH NEW TRUCK LINES NTG NEW TRUCK GENERATION NEW DELIVERY & METEOR Current launch New generation fo
Slide 44: MAN T&B measures to improve earnings
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY MAN T&B MEASURES TO IMPROVE EARNINGS Overview by item (€ mn) Key Issues Paper to realign MAN T&B agreed • Strong focus on future t
Slide 45: Improving brand performance and executing on synergies
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY IMPROVING BRAND PERFORMANCE AND EXECUTING ON CLEARLY IDENTIFIED SYNERGIES Synergies TRATON: Attractive margin upside Adj. Group re
Slide 46: Synergies ramping up across five categories
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP SYNERGIES RAMPING UP ON THE BACK OF FIVE INDIVIDUAL CATEGORIES 5th category Production footprint • Synergies executed
Slide 47: Joint powertrain projects being implemented or developed
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY A NUMBER OF JOINT POWERTRAIN PROJECTS ARE CURRENTLY BEING IMPLEMENTED OR DEVELOPED The majority of the manufacturing costs of a tr
Slide 48: Leverage powertrain components across brands for cost savings
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY LEVERAGE POWERTRAIN COMPONENTS ACROSS BRANDS TO GENERATE SIGNIFICANT COST SAVINGS IN YEARS TO COME POWERTRAIN PACKAGE INTRODUCED A
Slide 49: Partnerships providing access to global profit pools
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY PARTNERSHIPS PROVIDING ACCESS TO GLOBAL PROFIT POOLS… Truck market share in 2020 (> 15t) North America – partnership since 2016 12
Slide 50: Economies of scale through top 3 alliances
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY …AND ECONOMIES OF SCALE HEAVY-DUTY PLATFORM REACH OF TOP OEMs Leveraging Technologies and Scale Unit sales > 15t in 2019, in k uni
Slide 51: Global expansion through strong alliance partners
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GLOBAL EXPANSION THROUGH STRONG ALLIANCE PARTNERS Associates Strategic partner Technology cooperation and Intention to localize MA
Slide 52: Strategic alliance with Navistar
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY CURRENT STRATEGIC ALLIANCE WITH NAVISTAR FOCUSED ON TECHNOLOGY COOPERATION AND PROCUREMENT JOINT VENTURE OVERVIEW OBJECTIVES Techn
Slide 53: Strategic partnership with Sinotruk
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY STRATEGIC PARTNERSHIP WITH SINOTRUK FOCUSED ON TECHNOLOGY COOPERATION AND PROCUREMENT SYNERGIES OVERVIEW OBJECTIVES Technology coo
Slide 54: Cooperation agreement with Hino
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY OVERVIEW AND OBJECTIVES OF COOPERATION AGREEMENT WITH HINO OVERVIEW OBJECTIVES E-mobility cooperation, shared development efforts,
Slide 55: Customer-focused innovation – need to be prepared for ACE
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY CUSTOMER-FOCUSED INNOVATION – NEED TO BE PREPARED FOR “ACE” Hybrid 750k+ Natural gas Autonomous transport system Broadest range of
Slide 56: Full autonomous driving for the near future only in defined areas
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY FULL AUTONOMOUS DRIVING FOR THE NEAR FUTURE ONLY IN DEFINED AREAS. DRIVER ASSISTANCE SYSTEMS TO GROW FURTHER Expected impact on TC
Slide 57: Multiple solutions for autonomous driving on the way
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY THE TRATON GROUP ALREADY HAS MULTIPLE SOLUTIONS FOR AUTONOMOUS DRIVING ON THE WAY PROJECT MINING SYSTEM PROJECT HAMBURGER HAFEN Ne
Slide 58: Connectivity is already a reality today
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY CONNECTIVITY IS ALREADY A REALITY TODAY – VISIBLE UPSIDE FOR CUSTOMERS AND FOR TRATON Expected impact on TCO breakdown1 Expected u
Slide 59: Variety of connected service solutions introduced
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY VARIETY OF CONNECTED SERVICE SOLUTIONS INTRODUCED Scania service offering – selected examples Number of connected trucks in operat
Slide 60: Adoption of e-mobility driven by TCO and regulation
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY ADOPTION OF E-MOBILITY DRIVEN BY TCO CONSIDERATIONS AND REGULATORY ENVIRONMENT Expected impact on TCO breakdown1 Expected customer
Slide 61: Common base engine compatible with conventional and alternative fuels
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY COMMON BASE ENGINE (13L) COMPATIBLE WITH CONVENTIONAL AND ALTERNATIVE FUELS COMMON BASE 13L ENGINE (CBE) – PART OF OUR IN THE SHIF
Slide 62: Electrification driven by TCO and regulation
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY ELECTRIFICATION DRIVEN BY TCO AND REGULATION – FASTEST ADOPTION FOR CITY BUSES Indicative potential timeframe for TCO parity1 broa
Slide 63: BEV will become mainstream in all major CV segments
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY BEV WILL BECOME MAINSTREAM IN ALL MAJOR CV SEGMENTS Total cost of ownership is the most important driver for adoption of new drive
Slide 64: TRATON and Hino start e-mobility joint venture
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON AND HINO START E-MOBILITY JOINT VENTURE TRATON and Hino have signed a joint venture agreement for e-mobility in order to pl
Slide 65: Agenda
AGENDA 01. TRATON at a Glance 02. Truck Industry 03. Business Overview 04. Global Champion Strategy 05. Navistar Acquisition 06. Sustainability 07. Shares 08. Debt & Rating 09. Financials 10. IR Team 11. Useful Links & Glossary May 2021 / Investor Relations / Analyst & Investor Factbook 65
Slide 66: Transaction overview
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRANSACTION OVERVIEW • No 4 in US market for trucks; long history since 1831 NAVISTAR AT A GLANCE • Revenue of USD 7.5 bn and adju
Slide 67: Strategic alliance with Navistar, incremental synergy potential
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY STRATEGIC ALLIANCE FOCUSED ON TECHNOLOGY COOPERATION AND PROCUREMENT JOINT VENTURE, INCREMENTAL SYNERGY POTENTIAL Almost four year
Slide 68: Acquisition rationale – creation of a global champion
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY ACQUISITION RATIONALE – CREATION OF A GLOBAL CHAMPION Access more than 75% of global truck market profit pools Deliver on Global C
Slide 69: Access more than 75% of global truck market profit pools
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY ACCESS MORE THAN 75% OF GLOBAL TRUCK MARKET PROFIT POOLS1 Access to attractive North American market Strong market position of Sca
Slide 70: Deliver on Global Champion strategy
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY DELIVER ON GLOBAL CHAMPION STRATEGY Industrial Business sales revenue (fiscal year 2020, € bn) Combined ranking per region (sales
Slide 71: Well-balanced and global footprint with complementary geographies
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY ACHIEVE A WELL-BALANCED AND GLOBAL FOOTPRINT WITH COMPLIMENTARY GEOGRAPHIES TRATON GROUP stand-alone Combined sales revenue sales
Slide 72: Delivering on strategy with the planned acquisition of Navistar
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON CONTINUES TO DELIVER ON ITS GLOBAL CHAMPION STRATEGY WITH THE PLANNED ACQUISITION OF NAVISTAR Successful creation and Entry
Slide 73: Status and next steps – closing and integration
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY STATUS AND NEXT STEPS – CLOSING OF PLANNED ACQUISITION & SUBSEQUENT INTEGRATION Signing and announcement of binding merger agreeme
Slide 74: Agenda
AGENDA 01. TRATON at a Glance 02. Truck Industry 03. Business Overview 04. Global Champion Strategy 05. Navistar Acquisition 06. Sustainability 07. Shares 08. Debt & Rating 09. Financials 10. IR Team 11. Useful Links & Glossary May 2021 / Investor Relations / Analyst & Investor Factbook 74
Slide 75: TRATON Group sustainability – overview
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP SUSTAINABILITY – OVERVIEW • Sustainability is an integral part throughout the entire TRATON GROUP • ESG aspects are a
Slide 76: Sustainability – zero-emission commitment from our brands
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP SUSTAINABILITY – ZERO-EMISSION: STRONG COMMITMENT FROM OUR BRANDS • Climate change is the most fundamental challenge
Slide 77: Our brands focus on e-mobility leadership
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY OUR BRANDS FOCUS ON E-MOBILITY LEADERSHIP SINCE 2020 BY 2025 BY 2030 Common modular electric powertrain Electrified vehicles will
Slide 78: TRATON increases R&D investment in e-mobility to €1.6 billion
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON INCREASES R&D INVESTMENT IN E-MOBILITY TO €1.6 BILLION TRATON invests All brands are shifting budgets from €1.6 billion in
Slide 79: Sustainability – Scania
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY SUSTAINABILITY – SCANIA DRIVING THE SHIFT TOWARDS A SUSTAINABLE TRANSPORT SYSTEM Three pillars for sustainable transport. Responsi
Slide 80: Sustainability – MAN T&B/VWCO
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY SUSTAINABILITY – MAN T&B/VWCO STRUCTURED MULTI-STEP APPROACH TO DERIVE SUSTAINABILITY SUSTAINABILITY ACTION FIELDS ACTION FIELDS –
Slide 81: TRATON SE – ISS ESG corporate rating
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON SE – ISS ESG CORPORATE RATING • Rating puts TRATON in the top 14% of the industry (269 machinery companies) Highlights • Ec
Slide 82: Agenda
AGENDA 01. TRATON at a Glance 02. Truck Industry 03. Business Overview 04. Global Champion Strategy 05. Navistar Acquisition 06. Sustainability 07. Shares 08. Debt & Rating 09. Financials 10. IR Team 11. Useful Links & Glossary May 2021 / Investor Relations / Analyst & Investor Factbook 82
Slide 83: TRATON share
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON SHARE SHARE DATA ISIN (International Securities Identification Number) DE000TRAT0N7 WKN (German Security Identification num
Slide 84: Key performance indicators for TRATON shares
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY KEY PERFORMANCE INDICATORS FOR TRATON SHARES DIVIDEND POLICY KEY PERFORMANCE INDICATORS 2019 • The TRATON GROUP intends paying a d
Slide 85: Agenda
AGENDA 01. TRATON at a Glance 02. Truck Industry 03. Business Overview 04. Global Champion Strategy 05. Navistar Acquisition 06. Sustainability 07. Shares 08. Debt & Rating 09. Financials 10. IR Team 11. Useful Links & Glossary May 2021 / Investor Relations / Analyst & Investor Factbook 85
Slide 86: First-time credit ratings assigned to TRATON SE in 2020
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY FIRST-TIME CREDIT RATINGS ASSIGNED TO TRATON SE IN 2020 MOODY´S WITH BAA1 NEGATIVE OUTLOOK, S&P WITH BBB STABLE OUTLOOK AS OF MAY
Slide 87: Development of credit ratings since 2020
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY DEVELOPMENT OF CREDIT RATINGS SINCE 2020 MOODY´S WITH BAA1 NEGATIVE OUTLOOK, S&P WITH BBB STABLE OUTLOOK AS OF MAY 5, 2021 June 17
Slide 88: Bonds outstanding
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY BONDS OUTSTANDING MATURITIES OF 4, 8 AND 12 YEARS Issuer TRATON Finance Luxembourg S.A. Guarantor TRATON SE (Ticker: 8TRA, Country
Slide 89: TRATON financing via debt capital markets
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON FINANCING VIA DEBT CAPITAL MARKETS SIMPLIFIED OVERVIEW • TRATON Finance Luxembourg S.A.1 and TRATON SE to serve as issuers
Slide 90: Liquidity overview TRATON Group
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY LIQUIDITY OVERVIEW TRATON GROUP CREDIT LINES GROSS LIQUIDITY As of March 31, 2021 • Solid liquidity available to TRATON GROUP. 4.0
Slide 91: Syndicated revolving credit facility (RCF)
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY SYNDICATED REVOLVING CREDIT FACILITY (RCF) €3.75 BN RCF SIGNED BY TRATON SE ON JULY 28, 2020 • Revolving credit facility secures a
Slide 92: TRATON Group debt maturity profile
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP DEBT MATURITY PROFILE AS OF MARCH 31, 2021 Maturity profile (€ bn)1 Q1 2021 developments Debt overview (€ bn) • €1 bn
Slide 93: Agenda
AGENDA 01. TRATON at a Glance 02. Truck Industry 03. Business Overview 04. Global Champion Strategy 05. Navistar Acquisition 06. Sustainability 07. Shares 08. Debt & Rating 09. Financials 10. IR Team 11. Useful Links & Glossary May 2021 / Investor Relations / Analyst & Investor Factbook 93
Slide 94: TRATON Group at a glance 2020/2019
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY TRATON GROUP AT A GLANCE 2020/2019 May 2021 / Investor Relations / Analyst & Investor Factbook 94
Slide 95: Group – five-year overview
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – FIVE-YEAR OVERVIEW May 2021 / Investor Relations / Analyst & Investor Factbook 95
Slide 96: Group – condensed income statement by segments
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – CONDENSED INCOME STATEMENT BY SEGMENTS May 2021 / Investor Relations / Analyst & Investor Factbook 96
Slide 97: Group – condensed income statement
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – CONDENSED INCOME STATEMENT INCOME STATEMENT (€ mn) FY 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FY 2019 Q1 2020 Q2 2020 Q3 2020
Slide 98: Group – condensed balance sheet by segments
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – CONDENSED BALANCE SHEET BY SEGMENTS May 2021 / Investor Relations / Analyst & Investor Factbook 98
Slide 99: Group – balance sheet assets
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – BALANCE SHEET ASSETS BALANCE SHEET - ASSETS (€ mn) 12/31/2018 3/31/2019 6/30/2019 9/30/2019 12/31/2019 3/31/2020 6/30/2020
Slide 100: Group – balance sheet equity & liabilities
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – BALANCE SHEET EQUITY & LIABILITIES BALANCE SHEET - EQUITY & LIABILITIES (€ mn) 12/31/2018 3/31/2019 6/30/2019 9/30/2019 12
Slide 101: Group – condensed cash flow statement by segments
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP – CONDENSED CASH FLOW STATEMENT BY SEGMENTS May 2021 / Investor Relations / Analyst & Investor Factbook 101
Slide 102: Industrial Business – net cash flow
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS – NET CASH FLOW NET CASH FLOW (€ mn), INDUSTRIAL BUSINESS Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2
Slide 103: Group & Industrial Business – net liquidity
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP & INDUSTRIAL BUSINESS – NET LIQUIDITY NET LIQUIDITY (€ mn), INDUSTRIAL BUSINESS 12/31/2019 3/31/2020 6/30/2020 9/30/2020 12/
Slide 104: Group & Industrial Business – adjustments
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP & INDUSTRIAL BUSINESS – ADJUSTMENTS ADJUSTMENTS (€ mn) FY 2016 FY 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 20
Slide 105: Group & Industrial Business – capital expenditure & R&D
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GROUP & INDUSTRIAL BUSINESS – CAPITAL EXPENDITURE & R&D GROUP – CAPITAL EXPENDITURE BY SEGMENT INDUSTRIAL BUSINESS – RESEARCH & DE
Slide 106: Industrial Business – regional truck unit sales
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS – REGIONAL TRUCK UNIT SALES1 EU27+32 (units) Germany (units) South America (units) Brazil (units) +16% 28,380
Slide 107: Industrial Business – adjusted EBITDA
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY INDUSTRIAL BUSINESS – ADJUSTED EBITDA Note: Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) refl
Slide 108: Agenda
AGENDA 01. TRATON at a Glance 02. Truck Industry 03. Business Overview 04. Global Champion Strategy 05. Navistar Acquisition 06. Sustainability 07. Shares 08. Debt & Rating 09. Financials 10. IR Team 11. Useful Links & Glossary May 2021 / Investor Relations / Analyst & Investor Factbook 108
Slide 109: Contacts Investor Relations
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY CONTACTS INVESTOR RELATIONS Rolf Woller Michael Lankes Head of Treasury & Investor Relations Annual General Meeting, Events +49 89
Slide 110: Agenda
AGENDA 01. TRATON at a Glance 02. Truck Industry 03. Business Overview 04. Global Champion Strategy 05. Navistar Acquisition 06. Sustainability 07. Shares 08. Debt & Rating 09. Financials 10. IR Team 11. Useful Links & Glossary May 2021 / Investor Relations / Analyst & Investor Factbook 110
Slide 111: Useful links
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY USEFUL LINKS Investor Relations Website http://ir.traton.com Newsroom http://traton.com/en/newsroom.html Reports & Presentation ht
Slide 112: Glossary
TRATON AT A GLANCE TRUCK INDUSTRY BUSINESS OVERVIEW GLOBAL CHAMPION STRATEGY NAVISTAR ACQUISITION SUSTAINABILITY SHARES DEBT & RATING FINANCIALS IR TEAM LINKS & GLOSSARY GLOSSARY ACE Autonomous driving, connectivity, electrification/alternative fuels MAN T&B MAN Truck & Bus Alliance Partner Commerci
Slide 113: www.traton.com
www.traton.com May 2021 / Investor Relations / Analyst & Investor Factbook 113