Traton Se · XETR:8TRA
Traton — Q1 2019 Earnings Presentation
24 slides from Traton's earnings presentation, Jun 3, 2019
Slide 1: Q1 2019 Results
Munich, 03 June 2019 Q1 2019 RESULTS CHRISTIAN SCHULZ, CFO
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 TRATON GROUP in a
Slide 3: Contents
CONTENTS TRATON GROUP Highlights Segment Industrial Business (MAN T&B, Scania V&S and VWCO) Segment Financial Services Outlook Contacts Financial Calendar June 03, 2019 / Investor Relations 3
Slide 4: TRATON GROUP Highlights Q1 2019
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER TRATON GROUP HIGHLIGHTS Q1 2019 • Sales volume up by +7.4% to a first quarter record of 57,163 units • Sales revenue increased by +6.0%1 to €6,413 mn; all brands contributed • Operating profit improved signif
Slide 5: Group – Segment Highlights Q1 2019
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER GROUP – SEGMENT HIGHLIGHTS Q1 2019 Industrial Business (IB) Y-o-Y Financial Services (FS) Y-o-Y Order intake 64,357 units -4.5% Net portfolio €9.1 bn +14.4% Sales volume 57,163 units +7.4% Penetration rate 40
Slide 6: Group – Sales Revenue and Operating Profit
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER GROUP – SALES REVENUE AND OPERATING PROFIT Sales revenue (€mn) Operating profit (€mn) Return on sales2 (%) +6.0% 3 6.4% 7.6% 1 6,413 6,051 +26.8% 490 3 386 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q1 18 Q2 18 Q3 18 Q4 1
Slide 7: Group – Sales Volume Development
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER GROUP – SALES VOLUME DEVELOPMENT Volume delivered (units) Commentary • TRATON benefits from continued strength of its core markets +7.4% • TRATON sustains leading position in trucks in the 57,163 EU 28+2 regi
Slide 8: Group – Sales Across Europe Grew Faster Than Underlying Market
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER GROUP – SALES ACROSS EUROPE GREW FASTER THAN UNDERLYING MARKET Truck sales volume in core markets1 (units) Growth Market growth3 2 Q1 18 27,264 +17.2% +5.4% Q1 19 31,948 Q1 18 7,087 +26.1% +16.6% Q1 19 8,938
Slide 9: Industrial Business – Order Intake and Sales Volume
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER INDUSTRIAL BUSINESS – ORDER INTAKE AND SALES VOLUME Order intake (units) Sales volume (units) Book-to-bill1 (ratio in units) 1.27 1.13 -4.5% +7.4% 67,359 64,357 57,163 53,221 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q1
Slide 10: Industrial Business – Sales Revenue and Operating Profit
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER INDUSTRIAL BUSINESS – SALES REVENUE AND OPERATING PROFIT Sales revenue (€mn) Operating profit (€mn) Return on sales1 (%) +9.4% 2 6.1% 7.3% 6,305 5,765 +30.0% 457 2 352 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q1 18 Q2 1
Slide 11: Industrial Business – Sales Revenue by Brand and Operating Profit
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER INDUSTRIAL BUSINESS – SALES REVENUE BY BRAND AND OPERATING PROFIT Sales revenue (€mn) Operating profit (€mn) Growth rate (%) Return on sales1 (%) 2 4.7% 11.0% 2.0% 7.3% 416 6,305 3,350 (76) +21.3% 370 8 2 (43
Slide 12: Industrial Business – Indebtedness
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER INDUSTRIAL BUSINESS – INDEBTEDNESS Net financial indebtedness / net liquidity bridge (€mn) Net Debt 264 (227) (Net Cash) (262) (604) 1,064 (1,973) 530 Net financial Capital Acquisitions Change in working IFRS
Slide 13: MAN Truck & Bus – Highlights Q1 2019
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER MAN TRUCK & BUS – HIGHLIGHTS Q1 2019 • Unit sales considerably higher than prior-year due to an increase in truck sales volume and a further strong growth of MAN TGE vans • Book-to-bill at 1.20 • Operating pr
Slide 14: MAN Truck & Bus – Key Figures
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER MAN TRUCK & BUS – KEY FIGURES Order intake (units) Sales volume (units) Book-to-bill1 (ratio in units) -1.0% +13.2% -17bpt 30,180 29,866 1.37 24,972 1.20 22,066 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q1 18 Q2 18 Q3 18
Slide 15: Scania Vehicles & Services – Highlights Q1 2019
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER SCANIA VEHICLES & SERVICES – HIGHLIGHTS Q1 2019 • Sales revenue outpaced sales volume growth • Book-to-bill at 1.13 • Operating profit benefitted from higher truck and service volume and positive FX effects w
Slide 16: Scania Vehicles & Services – Key Figures
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER SCANIA VEHICLES & SERVICES – KEY FIGURES Order intake (units) Sales volume (units) Book-to-bill1 (ratio in units) -10.3% +4.1% -18bpt 29,759 26,703 1.31 22,640 23,576 1.13 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q1 18
Slide 17: Volkswagen Caminhões e Ônibus – Highlights Q1 2019
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER VOLKSWAGEN CAMINHÕES E ÔNIBUS – HIGHLIGHTS Q1 2019 • Brazilian truck market continued to recover in tandem with the economic upturn • Deliveries in Argentina almost came to a halt as the overall economic situ
Slide 18: Volkswagen Caminhões e Ônibus – Key Figures
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER VOLKSWAGEN CAMINHÕES E ÔNIBUS – KEY FIGURES Order intake (units) Sales volume (units) Book-to-bill1 (ratio in units) +12.1% +11.8% +0bpt 9,842 8,917 8,776 0.91 0.91 7,979 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q1 18 Q
Slide 19: Financial Services – Net Portfolio and Penetration Rate
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER FINANCIAL SERVICES – NET PORTFOLIO AND PENETRATION RATE Net portfolio1 (€bn) Penetration rate2 (%) Commentary • By the end of Q1 19 the customer +14.4% finance portfolio amounted to -30bpt €9.1 bn; this repre
Slide 20: Financial Services – Key Figures
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER FINANCIAL SERVICES – KEY FIGURES Sales revenue1 (€mn) Operating profit (€mn) Equity (€mn) +13.3% +12.6% 203 179 858 762 +11.2% 33 30 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q1 18 Q2 18 Q3
Slide 21: Outlook – Truck Market
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER OUTLOOK – TRUCK MARKET Truck market development (˃ 6t, k units) EU 28+21 Stable market expected SOUTH AMERICA2 Recovery expected driven by Brazil 382 +0.5% p.a. 126 +2.5% p.a. 2009 2011 2013 2015 2017 2018-20
Slide 22: Outlook – TRATON 2019
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER OUTLOOK – TRATON 2019 SALES VOLUME Slight increase compared with previous year SALES REVENUE Slightly above previous year RETURN ON SALES 6.5% – 7.5% NET CASH FLOW INDUSTRIAL BUSINESS Cash conversion of 30% -
Slide 23: Contacts Investor Relations
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER CONTACTS INVESTOR RELATIONS Rolf Woller Helga Würtele Thomas Paschen + 49 162 172 33 62 + 49 89 360 98 334 + 49 89 360 98 474 rolf.woller@traton.com helga.wuertele@traton.com thomas.paschen@traton.com TRATON
Slide 24: Financial Calendar
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS FINANCIAL CALENDER FINANCIAL CALENDAR DATE EVENT / PUBLICATION OF May 7, 2019 Q1 2019 July 29, 2019 Half-year 2019 November 4, 2019 9-month 2019 June 03, 2019 / Investor Relations 24