Slide 1: Q1 2016 Results
Q1 2016 Results Bodo Uebber Member of the Board of Management Finance & Controlling and Daimler Financial Services April 22, 2016
Slide 2: Contents
Contents Results for Q1 2016 Outlook for 2016 Development at the divisions Daimler AG Q1 2016 Results / April 22, 2016 / Page 2
Slide 3: Highlights of Q1 2016
Highlights of Q1 2016 Strong growth in Group unit sales 683,900 +7% Highest Q1 unit sales so far at Mercedes-Benz Cars 496,800 +8% EBIT from ongoing business € 2.7bn -9% World premiere of the new Mercedes-Benz E-Class Presentation of the new Mercedes-Benz GLC Coupé and C-Class Cabriolet Debut of the
Slide 4: Key financials
Key financials Q1 2015 Q1 2016 Revenue 34.2 35.0 EBIT as reported 2.9 2.1 from ongoing business 2.9 2.7 Net profit 2.1 1.4 Earnings per share (in euros) 1.83 1.26 Net liquidity industrial business (2015: year-end) 18.6 18.5 Free cash flow of the industrial business 2.3 0.3 in billions of euros Daiml
Slide 5: Key balance sheet and financial figures
Key balance sheet and financial figures Daimler Group Dec. 31, 2015 March 31, 2016 Equity ratio 23.6% 22.9% Gross liquidity 18.2 23.1 Industrial business Equity ratio 44.2% 40.8% Net liquidity 18.6 18.5 in billions of euros Daimler AG Q1 2016 Results / April 22, 2016 / Page 5
Slide 6: Net industrial liquidity: development in Q1 2016
Net industrial liquidity: development in Q1 2016 - in billions of euros - Free cash flow industrial business Q1 2016: €0.3bn +0.5 -0.2 -0.4 18.6 18.5 Net industrial Earnings and Working capital Other Net industrial liquidity other cash flow impact (mainly FX effects) liquidity 12/31/2015 impact 3/31
Slide 7: Unit sales
Unit sales Q1 2015 Q1 2016 % change Daimler Group 641.6 683.9 +7 of which Mercedes-Benz Cars 459.7 496.8 +8 Daimler Trucks 112.4 105.7 -6 Mercedes-Benz Vans 63.8 76.6 +20 Daimler Buses 5.7 4.8 -15 in thousands of units Daimler AG Q1 2016 Results / April 22, 2016 / Page 7
Slide 8: Mercedes-Benz Cars: product highlights
Mercedes-Benz Cars: product highlights New Mercedes-Benz E-Class New smart New Mercedes-Benz cabrio GLC Coupé New New Mercedes-Benz S-ClassCabriolet Mercedes-Benz C-Class Cabriolet Mercedes-Benz Concept New Mercedes-Benz SL IAA Daimler AG Q1 2016 Results / April 22, 2016 / Page 8
Slide 9: Mercedes-Benz Cars: product highlights
Mercedes-Benz Cars: product highlights Autonomous driving and parking Daimler AG Q1 2016 Results / April 22, 2016 / Page 9
Slide 10: Daimler Trucks: product highlights
Daimler Trucks: product highlights Autonomous truck platooning with three WiFi connected Mercedes-Benz trucks Daimler AG Q1 2016 Results / April 22, 2016 / Page 10
Slide 11: Mercedes-Benz Vans: product highlights
Mercedes-Benz Vans: product highlights Market premiere of Mercedes-Benz V-Class in China Daimler AG Q1 2016 Results / April 22, 2016 / Page 11
Slide 12: Daimler Buses: product highlights
Daimler Buses: product highlights Mercedes-Benz CapaCity L Mercedes-Benz New Tourismo smart cabrio New SetraMercedes-Benz TopClass 500 S-Class Cabriolet BharatBenz bus from the Chennai plant Daimler AG Q1 2016 Results / April 22, 2016 / Page 12
Slide 13: Revenue by division
Revenue by division Q1 2015 Q1 2016 % change Daimler Group 34.2 35.0 +2 of which Mercedes-Benz Cars 19.5 20.0 +2 Daimler Trucks 8.4 8.2 -2 Mercedes-Benz Vans 2.4 2.8 +17 Daimler Buses 0.9 0.8 -5 Daimler Financial Services 4.5 4.9 +7 Contract volume of Daimler Financial Services* 116.7 115.7 -1 in bi
Slide 14: EBIT by division
EBIT by division Q1 2015 Q1 2016 - EBIT in millions of euros; RoS in % - EBIT RoS* EBIT RoS* Daimler Group 2,906 8.4 2,148 5.7 of which Mercedes-Benz Cars 1,841 9.4 1,395 7.0 Daimler Trucks 472 5.6 516 6.3 Mercedes-Benz Vans 215 8.9 301 10.7 Daimler Buses 34 3.9 39 4.7 Daimler Financial Services 409
Slide 15: Group EBIT in Q1 2016
Group EBIT in Q1 2016 - in millions of euros - +243 -212 2,906 -300 • Cars +234 • Cars • Trucks -187 -3 +23 -4 -508 • Trucks -108 • Vans +97 • Vans -32 • Buses +20 • Buses +10 • Cars -417 • Trucks +94 • Vans • Buses +50 -27 2,148 of which: • Impairment BAIC Motor -244 • Currency transactions -222 •
Slide 16: Special items affecting EBIT
Special items affecting EBIT Mercedes-Benz Cars Q1 2015 Q1 2016 Restructuring of own dealer network -20 -10 Relocation of headquarters of MBUSA -20 – Sale of real estate in the United States +87 – Recall in connection with Takata airbags – -20 Daimler Trucks Workforce adjustments -5 – Restructuring
Slide 17: EBIT from ongoing business
EBIT from ongoing business Q1 2015 Q1 2016 - EBIT in millions of euros; RoS in % - EBIT RoS* EBIT RoS* Daimler Group 2,930 8.5 2,680 7.4 of which Mercedes-Benz Cars 1,794 9.2 1,425 7.1 Daimler Trucks 536 6.4 517 6.3 Mercedes-Benz Vans 221 9.2 336 11.9 Daimler Buses 35 4.0 39 4.7 Daimler Financial Se
Slide 18: Contents
Contents Results for Q1 2016 Outlook for 2016 Development at the divisions Daimler AG Q1 2016 Results / April 22, 2016 / Page 18
Slide 19: Mercedes-Benz Cars: our product offensive continues
Mercedes-Benz Cars: our product offensive continues GLS facelift E-ClassSedan E-Class sedan smart cabrio SL facelift CLA facelift E-Class smart EV (long wheelbase) Jan. Feb. March April May June July August Sept. Oct. Nov. Dec. 2016 2017 S-Class Cabriolet C-Class Cabriolet E-Class station wagon SLC
Slide 20: Assumptions for automotive markets in 2016
Assumptions for automotive markets in 2016 Global around +3% Western Europe slight growth Car markets USA around the prior-year level China significant growth NAFTA region around -10% Medium- and Europe around +5% heavy-duty truck Japan* around the prior-year level markets Brazil around -20% Indones
Slide 21: 2016 sales outlook
2016 sales outlook Significantly higher unit sales Strong momentum from renewed SUV portfolio and further plug-in hybrid models Mercedes-Benz Cars Launch of all-new E-Class, C-Class Coupé, S-Class Cabriolet and smart fortwo cabrio Unit sales slightly below the prior-year level Sustained market leade
Slide 22: 2016 outlook for EBIT from ongoing business
2016 outlook for EBIT from ongoing business We expect Group EBIT for FY 2016 to increase slightly based on the following expectations for divisional EBIT: Slightly above the prior-year level Mercedes-Benz Cars At the prior-year level Daimler Trucks Significantly above the prior-year level Mercedes-B
Slide 23: Contents
Contents Results for Q1 2016 Outlook for 2016 Development at the divisions Daimler AG Q1 2016 Results / April 22, 2016 / Page 23
Slide 24: Mercedes-Benz Cars: decrease in EBIT due to life-cycle effects
Mercedes-Benz Cars: decrease in EBIT due to life-cycle effects Unit sales Revenue EBIT from ongoing business – in thousands of units – – in billions of euros – – in millions of euros – 497 460 19.5 20.0 +8% +2% 1,794 -21% 1,425 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Daimler AG Q1 2016 Resul
Slide 25: Mercedes-Benz Cars: EBIT from ongoing business
Mercedes-Benz Cars: EBIT from ongoing business - in millions of euros - - 369 9.2%* Higher unit sales 1,794 Net pricing 7.1%* Model mix and regional structure 1,425 Foreign exchange rates Higher expenses for new technologies and future products EBIT EBIT Q1 2015 Q1 2016 * Return on sales Daimler AG
Slide 26: Mercedes-Benz Cars: sales volume above prior-year level
Mercedes-Benz Cars: sales volume above prior-year level - in thousands of units - 497 460 35 smart 7 Sports Cars 30 7 116 158 SUVs* 29 21 S-Class 71 61 E-Class 109 108 C-Class 98 107 A-/B-Class Q1 2015 Q1 2016 * incl. GLA Daimler AG Q1 2016 Results / April 22, 2016 / Page 26
Slide 27: Mercedes-Benz Cars: balanced sales structure
Mercedes-Benz Cars: balanced sales structure - unit sales in thousands - 497 460 111 Rest of world 109 131 Western Europe 111 excl. Germany 65 70 Germany 88 77 United States 87 108 China Q1 2015 Q1 2016 Daimler AG Q1 2016 Results / April 22, 2016 / Page 27
Slide 28: Daimler Trucks: key figures driven by heterogeneous market development
Daimler Trucks: key figures driven by heterogeneous market development Unit sales Revenue EBIT from ongoing business – in thousands of units – – in billions of euros – – in millions of euros – 112 8.4 -6% 106 -2% 8.2 536 -4% 517 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Daimler AG Q1 2016 Resu
Slide 29: Daimler Trucks: EBIT from ongoing business
Daimler Trucks: EBIT from ongoing business - in millions of euros - - 19 6.4%* 6.3%* Higher unit sales in Europe (EU 30) 536 Efficiency enhancements 517 Lower unit sales in Latin America, Indonesia and Turkey EBIT EBIT Q1 2015 Q1 2016 * Return on sales Daimler AG Q1 2016 Results / April 22, 2016 / P
Slide 30: Daimler Trucks: decrease in unit sales driven by Latin America, Indonesia and Turkey
Daimler Trucks: decrease in unit sales driven by Latin America, Indonesia and Turkey - in thousands of units - 112 106 13 10 Rest of world 37 35 Asia 7 6 Latin America 41 40 NAFTA region 14 15 EU 30* Q1 2015 Q1 2016 * European Union, Switzerland and Norway Daimler AG Q1 2016 Results / April 22, 2016
Slide 31: Daimler Trucks: incoming orders significantly below prior-year level
Daimler Trucks: incoming orders significantly below prior- year level - in thousands of units - 134 18 99 37 10 Rest of world 7 33 Asia 6 Latin America 52 29 NAFTA region 20 21 EU 30* Q1 2015 Q1 2016 * European Union, Switzerland and Norway Daimler AG Q1 2016 Results / April 22, 2016 / Page 31
Slide 32: Mercedes-Benz Vans: success in volatile markets
Mercedes-Benz Vans: success in volatile markets Unit sales Revenue EBIT from ongoing business – in thousands of units – – in billions of euros – – in millions of euros – 76.6 2.8 336 63.8 +20% 2.4 +17% +52% 221 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Daimler AG Q1 2016 Results / April 22, 20
Slide 33: Mercedes-Benz Vans: EBIT from ongoing business
Mercedes-Benz Vans: EBIT from ongoing business - in millions of euros - + 115 11.9%* Higher unit sales 336 9.2%* Efficiency enhancements 221 Foreign exchange rates EBIT EBIT Q1 2015 Q1 2016 * Return on sales Daimler AG Q1 2016 Results / April 22, 2016 / Page 33
Slide 34: Mercedes-Benz Vans: market success of mid-size vans
Mercedes-Benz Vans: market success of mid-size vans - in thousands of units - 76.6 63.8 41.0 Sprinter 40.9 21.3 Vito 13.2 9.3 V-Class* 5.9 3.8 5.0 Citan Q1 2015 Q1 2016 * incl. Viano Daimler AG Q1 2016 Results / April 22, 2016 / Page 34
Slide 35: Daimler Buses: strong EBIT despite significant market contraction in Latin America
Daimler Buses: strong EBIT despite significant market contraction in Latin America Unit sales Revenue EBIT from ongoing business – in thousands of units – – in billions of euros – – in millions of euros – 5.7 0.9 -15% 4.8 -5% 0.8 +11% 39 35 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Daimler AG
Slide 36: Daimler Buses: EBIT from ongoing business
Daimler Buses: EBIT from ongoing business - in millions of euros - +4 Higher unit sales and better model mix 4.7%* 4.0%* in Europe 39 35 Foreign exchange rates Negative impact due to economic situation in Brazil EBIT EBIT Q1 2015 Q1 2016 * Return on sales Daimler AG Q1 2016 Results / April 22, 2016
Slide 37: Daimler Buses: lower demand for bus chassis in Brazil
Daimler Buses: lower demand for bus chassis in Brazil - unit sales in thousands - 5.7 0.5 4.8 0.7 0.4 Rest of world 0.7 Latin America (excl. Brazil and Mexico) 2.2 1.5 Brazil 0.6 0.5 Mexico 1.7 1.7 Europe Q1 2015 Q1 2016 Daimler AG Q1 2016 Results / April 22, 2016 / Page 37
Slide 38: Daimler Financial Services: further business growth
Daimler Financial Services: further business growth New business Contract volume EBIT from ongoing business – in billions of euros – – in billions of euros – – in millions of euros – 13.2 +4% 13.7 116.7 -1% 115.7 +6% 432 409 Q1 2015 Q1 2016 12/31/2015 3/31/2016 Q1 2015 Q1 2016 Daimler AG Q1 2016 Res
Slide 39: Daimler Financial Services: EBIT from ongoing business
Daimler Financial Services: EBIT from ongoing business - in millions of euros - + 23 20.4%* 17.4%* 409 432 Higher contract volume EBIT EBIT Q1 2015 Q1 2016 * Return on equity Daimler AG Q1 2016 Results / April 22, 2016 / Page 39
Slide 40: Daimler Financial Services: exchange-rate adjusted growth in all regions
Daimler Financial Services: exchange-rate adjusted growth in all regions - contract volume in billions of euros - 116.7 115.7 20.2 20.8 Africa & Asia-Pacific 50.8 49.2 Americas 25.8 25.6 Europe (excl. Germany) 19.8 20.1 Germany 12/31/2015 3/31/2016 Daimler AG Q1 2016 Results / April 22, 2016 / Page
Slide 41: Daimler Financial Services: net credit losses at low level
Daimler Financial Services: net credit losses* at low level 0.89% 0.83% 0.69% 0.68% 0.61% 0.50% 0.51% 0.43% 0.36% 0.37% 0.34% 0.31% 0.24% 0.25% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD * as a percentage of portfolio, subject to credit risk Daimler AG Q1 2016 Results
Slide 42: 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