Slide 1: Fixed Income Presentation Q1 2017
Fixed Income Presentation Q1 2017
Slide 2: Daimler follows a conservative Financial Policy
Daimler follows a conservative Financial Policy Clear commitment to a single A rating Balanced approach between shareholder interest and credit providers Dividend policy on a sustainable basis (40% target pay-out ratio) No share buybacks planned, further pension contributions will be evaluated Daiml
Slide 3: Our funding strategy is built on prudent principles
Our funding strategy is built on prudent principles No dependence from single markets, instruments, banks or investors Targeting Diversification of funding sources and instruments: Financial Bank Loans, Bonds, ABS, CP, Deposits Independence No Covenants, no MAC, no asset pledges, no CSAs Keeping pru
Slide 4: Daimler follows a conservative financial management and further strengthened the balance sheet
Daimler follows a conservative financial management and further strengthened the balance sheet Group Gross Liquidity (in bn EUR) Industrial Net Liquidity (in bn EUR) Financial Services Industrial Business 21.7 21.6 21.1 19.7 3.5 2.9 18.6 18.1 18.2 17.0 3.0 16.3 2.8 2.8 13.8 13.0 12.0 11.9 11.5 2.2 1
Slide 5: Financing Liabilities Structure 2012 – Q1 2017
Financing Liabilities Structure 2012 – Q1 2017 in billions of EUR Other Acc. Deposits Com. Paper Bank Loans ABS Bonds 117,6 117,4 1,0 1,1 10,6 8,9 100,6 1,7 1,1 1,5 11,7 11,6 7,4 3,0 86,4 1,5 75,6 77,7 1,4 6,0 2,3 10,5 30,1 1,3 29,7 1,8 6,1 1,1 10,9 5,1 11,3 27,3 12,1 22,9 19,1 20,2 63,0 64,5 50,8 3
Slide 6: Consequent development to global bond funding
Consequent development to global bond funding Diversification will continue Established global markets Established local markets Daimler AG Page 6
Slide 7: Development of bond maturity profile
Development of bond maturity profile in billions of EUR as of 31 March 2017 13.7 12.4 Maturities 10.0 6.3 3.3 2.4 2.0 1.3 1.3 1.4 1.0 0.7 0.1 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2030 2031 Daimler AG Page 7
Slide 8: Solid rating supports Group's funding
Solid rating supports Group‘s funding DAG ratings: S&P: A stable A-1 Moody’s: A2 stable P-1 Fitch: A- stable F2 DBRS: A (low) stable R-1 (low) Scope: A stable S-1 Daimler AG Page 8
Slide 9: 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