Traton Se · XETR:8TRA
Traton — H1 2022 Earnings Presentation
24 slides from Traton's earnings presentation, Jul 28, 2022
Slide 1: 2022 Half-Year Financial Report
2022 Half-Year Financial Report Christian Levin, CEO | Annette Danielski, CFO Munich, 07-28-2022 . .
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: Press call for the 2022 Half-Year Financial Report – Your speakers today
Press call for the 2022 Half-Year Financial Report – Your speakers today YOUR SPEAKERS TODAY Christian Levin Annette Danielski Pietro Zollino Chief Executive Officer Chief Financial Officer Head of Group Communications 07-28-2022 Press Conference Call 2022 Half-Year Financial Report 3 .
Slide 4: Agenda
Agenda 1. Core KPIs H1 2022 2. Going forward 3. Q&A 07-28-2022 Press Conference Call 2022 Half-Year Financial Report 4 .
Slide 5: TRATON GROUP performing well in an extremely difficult environment
TRATON GROUP performing well in an extremely difficult environment KEY FACTS H1 2022 AND GOING FORWARD Unit sales Revenue Operating result (adjusted) up 9% to up 32% to down by €330 mn to 137,294 €17,982 mn €798 mn €500 mn combined investment in electric vehicle charging joint “TRATON Way Forward” v
Slide 6: Increasingly challenging and volatile environment
Increasingly challenging and volatile environment Geopolitical Business Supply chain Inflationary environment climate bottlenecks pressure War in Ukraine continuing Truck demand remains Shortages continue beyond Strong pressure from with broadened sanction robust with increasing fleet semiconductors
Slide 7: Severe impact from supply shortages on Q2 unit sales
Severe impact from supply shortages on Q2 unit sales Unit sales (k units) Navistar contribution Lost unit sales (semiconductors & truck wiring harnesses) 69.5 66.2 66.1 31.7 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 19 19 19 19 20 20 20 20 21 21 21 21 22 22 07-28-2022 Press Conference Call 2022 Half
Slide 8: Vehicle Services business continuing to gain traction
Vehicle Services business continuing to gain traction Service business sales revenue1 (€ bn) In % of TRATON Operations Navistar contribution 24% 23% Sales revenue in Vehicle Services business increased by 62% YoY in Q2 2022 19% 2.1 Expansion of service business fostered by 17% strong investments and
Slide 9: TRATON GROUP Core KPIs
TRATON GROUP Core KPIS Units H1 2022 H1 2021 Change Trucks and buses Incoming orders 164,213 170,946 -4% Unit sales 137,294 126,450 9% of which trucks 115,115 108,665 6% of which buses 12,894 6,503 98% of which MAN TGE vans 9,285 11,282 -18% Financial KPIs (€ million) Sales revenue 17,982 13,621 32%
Slide 10: Deep Dive Group Core KPIs
Deep Dive Group Core KPIS Units H1 2022 H1 2021 Change TRATON Operations (€ million) Sales revenue 17,634 13,402 32% Operating result (adj.) 869 1,117 -248 Operating return on 4.9% 8.3% -3.4 pp sales (adj.) Capex 469 345 36% Primary R&D costs 896 614 46% Net cash flow –1,395 941 -2,335 Net liquidity
Slide 11: Scania Vehicles & Services – Core KPIs
Scania Vehicles & Services – Core KPIS Units H1 2022 H1 2021 Change Trucks and buses Incoming orders 39,213 75,437 -48% Unit sales 36,834 49,229 -25% Financial KPIs (€ million) Sales revenue 6,839 7,155 -4% Operating result (adj.) 534 860 -327 Operating return on 7.8% 12.0% -4.2 pp sales (adj.) 07-2
Slide 12: MAN Truck & Bus – Core KPIs
MAN Truck & Bus – Core KPIS Units H1 2022 H1 2021 Change Trucks and buses Incoming orders 47,735 67,414 -29% Unit sales 34,858 47,317 -26% Financial KPIs (€ million) Sales revenue 4,973 5,408 -8% Operating result (adj.) 34 179 -145 Operating return on 0.7% 3.3% -2.6 pp sales (adj.) 07-28-2022 Press
Slide 13: Navistar Sales & Services – Core KPIs
Navistar Sales & Services – Core KPIS Units H1 2022 Trucks and buses Incoming orders 50,471 Unit sales 37,333 Financial KPIs (€ million) Sales revenue 4,666 Operating result 157 Operating return on sales 3.4% Navistar included from July 1, 2021 07-28-2022 Press Conference Call 2022 Half-Year Financi
Slide 14: Volkswagen Truck & Bus – Core KPIs
Volkswagen Truck & Bus – Core KPIS Units H1 2022 H1 2021 Change Trucks and buses Incoming orders 26,894 28,129 -4% Unit sales 28,423 30,011 -5% Financial KPIs (€ million) Sales revenue 1,445 1,021 42% Operating result 149 77 72 Operating return on 10.3% 7.6% 2.8 pp sales 07-28-2022 Press Conference
Slide 15: Truck market outlook – Uncertainties due to high geopolitical and economic risks
Truck market outlook – Uncertainties due to high geopolitical and economic risks 400 320 k units, > 6t 352 300 320 Market expectations2 EU27+31 200 2022e 100 0 +0% – +10% 2010 2012 2014 2016 2018 2020 2022 300 k units, > 6t 184 202 Market expectations2 South 200 175 100 2022e America -5% – +10% 0 20
Slide 16: TRATON outlook 2022 largely confirmed, while geopolitical and economic risks are high
TRATON outlook 2022 largely confirmed, while geopolitical and economic risks are high FY 2021 FY 2022 FY 2022 Outlook Outlook Q1 2022 Interim Statement 2022 Half-Year Financial Report1 271.6 k sharp substantial Unit sales +43% increase increase €30.6 bn very sharp very sharp Sales revenue +36% incre
Slide 17: Agenda
Agenda 1. Core KPIs H1 2022 2. Going forward 3. Q&A 07-28-2022 Press Conference Call 2022 Half-Year Financial Report 17 .
Slide 18: Strategy TRATON Way Forward
Strategy TRATON Way Forward Make responsible behavior a top priority in everything we do Decarbonization & Circularity Responsible People & Pluralism Company Governance & Ethics Execution Focus on sustainable Shape our role in value creation the future logistics for our stakeholders Value TRATON eco
Slide 19: TRATON continues to drive electrification forward
Investments Update TRATON continues to drive electrification forward Charging infrastructure Technology & production Products TRATON GROUP, Daimler Truck, and E-mobility investments of €2.6 bn Scania introduces electric trucks for Volvo Group kick off European (2021–2026) regional long-haul charging
Slide 20: TRATON's electric vehicles business evolving
TRATON’s electric vehicles business evolving Incoming orders and unit sales of fully All TRATON brands with BEV products electric vehicles (units) across major applications / weight classes 566 554 523 542 410 417 424 Scania electric truck MAN electric bus Navistar electric bus VWTB electric truck (
Slide 21: Modularization is key on our way to stronger profitability
Modularization is key on our way to stronger profitability Build up a TRATON Modular System We create standardized Group interfaces Within the Group: same need – identical solution Differentiate via balanced performance steps Enable profitable mass customization of broad variant offering and ensure
Slide 22: Agenda
Agenda 1. Core KPIs 3M 2022 2. Going forward 3. Q&A 07-28-2022 Press Conference Call 2022 Half-Year Financial Report 22 .
Slide 23: Contacts Corporate Communications
Contacts Corporate Communications CORPORATE COMMUNICATIONS Pietro Zollino Sacha Klingner Matthias Karpstein Head of Group Communications Head of Corporate Communications Business Media Relations TRATON SE Dachauer Str. 641 | 80995 Munich www.traton.com 07-28-2022 Press Conference Call 2022 Half-Year
Slide 24: 2022 Half-Year Financial Report
2022 Half-Year Financial Report Christian Levin, CEO | Annette Danielski, CFO Munich, 07-28-2022 . .