Slide 1: Q1 2025 Results Analyst / Investor Presentation
Q1 2025 Results 1 Investor Relations 28/04/2025 Q1 2025 RESULTS ANALYST / INVESTOR PRESENTATION Christian Levin, CEO Dr. Michael Jackstein, CFO & CHRO 28/04/2025
Slide 2: Agenda
Q1 2025 Results 2 Investor Relations 28/04/2025 AGENDA 1. Key results & highlights 2. Financial performance & outlook 3. Backup
Slide 3: Disclaimer
Q1 2025 Results 3 Investor Relations 28/04/2025 DISCLAIMER This presentation has been prepared for information purposes only. The presentation 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 o
Slide 4: Key Results & Highlights
Q1 2025 Results 4 Investor Relations 28/04/2025 KEY RESULTS & HIGHLIGHTS
Slide 5: We started 2025 with lower unit sales and margins, but promising European orders
Q1 2025 Results 5 Investor Relations 28/04/2025 WE STARTED 2025 WITH LOWER UNIT SALES AND MARGINS, BUT WITH PROMISING EUROPEAN ORDERS Q1 2025 Unit Sales Adjusted Net cash flow Earnings per share Incoming sales revenue return on sales TRATON orders Operations 73,090 €10.6bn 6.1% -€111m €1.00 74,307 -
Slide 6: Strategic investments and important milestones during the quarter
Q1 2025 Results 6 Investor Relations 28/04/2025 WE MADE STRATEGIC INVESTMENTS AND ACHIEVED IMPORTANT MILESTONES DURING THE QUARTER Highlights Q1 2025 The TRATON GROUP and Applied Under the BeIntelli project, an Scania has received the largest order Captive Financing now also available Intuition have
Slide 7: BEV growth continues with e-trucks ramping up
Q1 2025 Results 7 Investor Relations 28/04/2025 BEV GROWTH CONTINUES WITH E-TRUCKS RAMPING UP Incoming orders of fully electric vehicles (units) Q1 25 Q1 24 866 736 Unit sales of fully electric vehicles (units) Q1 25 Q1 24 621 315
Slide 8: Book-to-bill ratio slightly above 1 amid mixed market dynamics
Q1 2025 Results 8 Investor Relations 28/04/2025 BOOK-TO-BILL RATIO SLIGHTLY ABOVE 1 AMID MIXED MARKET DYNAMICS … Europe: Incoming orders & Unit sales (k units) ― Unit sales lower QoQ and YoY due to still declining truck markets with lower registrations Incoming orders Unit sales 120 ― In contrast, i
Slide 9: Characterized by high geopolitical and macroeconomic uncertainties
Q1 2025 Results 9 Investor Relations 28/04/2025 … CHARACTERIZED BY HIGH GEOPOLITICAL AND MACROECONOMIC UNCERTAINTIES EU27+31 (k units, >6t) North America (k units, class 6-82) South America (k units, >6t) 2025e: -15% – -5% 2025e: -10% – 0% 2025e: -5% – +5% (2024 -6% | 365) (2024 -4% | 427) (2024 +12
Slide 10: Financial Performance & Outlook
Q1 2025 Results 10 Investor Relations 28/04/2025 FINANCIAL PERFORMANCE & OUTLOOK
Slide 11: Slow start for unit sales and revenues in weak European and North American markets
Q1 2025 Results 11 Investor Relations 28/04/2025 SLOW START FOR UNIT SALES AND REVENUES IN WEAK EUROPEAN AND NORTH AMERICAN MARKETS ― Lower Q1 unit sales, driven by: Unit sales (k units) Sales revenue (€ bn) ― Declining European truck markets impacting MAN and Scania Vehicle Services business ― Decl
Slide 12: Volume and additional cost effects leading to lower Q1 margin performance
Q1 2025 Results 12 Investor Relations 28/04/2025 VOLUME AND ADDITIONAL COST EFFECTS LEADING TO LOWER Q1 MARGIN PERFORMANCE … Decreased adj. RoS YoY due to: Adjusted operating result (€ m) Adjusted return on sales (%) ― Negative volume effects at Scania, MAN and International … ― … only partially off
Slide 13: Similarly affecting TRATON Operations, while Financial Services is impacted by ramp-up
Q1 2025 Results 13 Investor Relations 28/04/2025 … SIMILARLY AFFECTING TRATON OPERATIONS, WHILE FINANCIAL SERVICES IS IMPACTED BY RAMP-UP TRATON Operations1 Q1 Sales revenue 10,606 4,361 3,099 2,173 814 530 25 (in € m, YoY) (-10%) (-11%) (-12%) (-11%) (+5%) (+17%) Adjusted RoS 7.3% 10.5% 4.6% 2.3% 1
Slide 14: Slow start in 2025 also affects cash flow and net debt
Q1 2025 Results 14 Investor Relations 28/04/2025 SLOW START IN 2025 ALSO AFFECTS CASH FLOW AND NET DEBT ― Net debt of TRATON Operations incl. Net liquidity/net debt bridge, Q1 2025 (€ m) TO = TRATON Operations Corporate Items increased by €282m CI = Corporate Items vs. year-end 2024 mainly due to: N
Slide 15: 2025 Outlook maintained
Q1 2025 Results 15 Investor Relations 28/04/2025 2025 OUTLOOK MAINTAINED FY 2024 FY 2025 Outlook TRATON GROUP Unit sales (units) 334,215 -5 ‒ +5% Sales revenue (€ million) 47,473 -5 ‒ +5% Operating return on sales (adjusted) (in %) 9.2 7.5 ‒ 8.5 TRATON Operations Sales revenue (€ million) 46,182 -5
Slide 16: Backup
Q1 2025 Results 16 Investor Relations 28/04/2025 BACKUP
Slide 17: TRATON Operations – Incoming Orders
Q1 2025 Results 17 Investor Relations 28/04/2025 TRATON OPERATIONS – INCOMING ORDERS Incoming orders (units) Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 TRATON Operations 95,594 68,619 91,978 78,392 334,583 68,470 56,788 64,353 75,187 264,798 66,43
Slide 18: TRATON Operations – Incoming Orders by Region
Q1 2025 Results 18 Investor Relations 28/04/2025 TRATON OPERATIONS – INCOMING ORDERS BY REGION Incoming orders (units) Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Trucks 79,529 56,049 74,745 63,976 274,299 53,610 44,636 51,744 60,627 210,617 53,034
Slide 19: TRATON Operations – Unit Sales
Q1 2025 Results 19 Investor Relations 28/04/2025 TRATON OPERATIONS – UNIT SALES Unit sales (units) Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 TRATON Operations 67,767 69,527 79,849 88,342 305,485 84,587 83,527 81,361 88,708 338,183 81,148 78,962 8
Slide 20: TRATON Operations – Unit Sales by Region
Q1 2025 Results 20 Investor Relations 28/04/2025 TRATON OPERATIONS – UNIT SALES BY REGION Unit sales (units) Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 6,095 5,217 Q4 24 FY 24 Q1 25 Truck 57,575 57,540 66,602 72,583 254,300 70,208 69,635 67,235 74,212 281,290 68,772 63,600 72,
Slide 21: TRATON Group – Sales Revenue
Q1 2025 Results 21 Investor Relations 28/04/2025 TRATON GROUP – SALES REVENUE Sales revenue (€ m) Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 TRATON GROUP 8,525 9,457 10,563 11,789 40,335 11,186 11,669 11,321 12,697 46,872 11,798 11,589 11,866 12,2
Slide 22: TRATON Group – Operating Result & Return on Sales
Q1 2025 Results 22 Investor Relations 28/04/2025 TRATON GROUP – OPERATING RESULT & RETURN ON SALES Operating result (€ m) Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 TRATON GROUP 355 306 -52 955 1,564 834 966 895 1,068 3,763 1,057 1,008 1,038 1,106
Slide 23: TRATON Group – Adjusted Operating Result & Adjusted Return on Sales
Q1 2025 Results 23 Investor Relations 28/04/2025 TRATON GROUP – ADJUSTED OPERATING RESULT & ADJUSTED RETURN ON SALES Adj. operating result (€ m) Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 TRATON GROUP 402 396 549 724 2,071 935 1,038 955 1,105 4,03
Slide 24: TRATON Group – Adjustments
Q1 2025 Results 24 Investor Relations 28/04/2025 TRATON GROUP – ADJUSTMENTS Adjustments (€ m) Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Operating result 355 306 -52 955 1,564 834 966 895 1,068 3,763 1,057 1,008 1,038 1,106 4,209 651 Scania V&S Ex
Slide 25: TRATON Operations – Cash and Liquidity
Q1 2025 Results 25 Investor Relations 28/04/2025 TRATON OPERATIONS – CASH AND LIQUIDITY TRATON Operations (€ m) Q1 22 Q2 22 Q3 22 Q4 22 FY 22 Q1 23 Q2 23 Q3 23 Q4 23 FY 23 Q1 24 Q2 24 Q3 24 Q4 24 FY 24 Q1 25 Gross cash flow 1,067 862 1,036 1,207 4,171 1,300 1,570 1,354 1,323 5,546 1,423 1,452 1,398
Slide 26: TRATON Group – Debt Maturity Profile (as of 31 March 2025)
Q1 2025 Results 26 Investor Relations 28/04/2025 TRATON GROUP – DEBT MATURITY PROFILE (AS OF 31 MARCH 2025) Major financings 2 Maturity profile (€ bn)1 ― Total of €11.0bn (equivalent) TFL Bonds outstanding (tranches of 1.75y to 12y) ― €4.5bn syndicated RCF undrawn ― €350m Schuldschein outstanding 10
Slide 27: IR Contact and Upcoming Events
Q1 2025 Results 27 Investor Relations 28/04/2025 IR CONTACT AND UPCOMING EVENTS Contacts Next Events Ursula Querette Thomas Paschen 29/04/2025 Germany Roadshow | Virtual | Deutsche Bank Head of Investor Relations Investor Relations +49 152 021 52 400 +49 170 907 34 94 30/04/2025 Roadshow | London |