Traton Se · XETR:8TRA
Traton — H1 2019 Earnings Presentation
19 slides from Traton's earnings presentation, Jul 29, 2019
Slide 1: H1 2019 Results
Munich, 29 July 2019 H1 2019 RESULTS CHRISTIAN SCHULZ, CFO ISIN: DE000TRAT0N7 WKN: TRAT0N Bloomberg Ticker: 8TRA GY / 8TRA SS http://ir.traton.com
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 Appendix July 29, 2019 / Investor Relations / H1 2019 Results 3
Slide 4: TRATON GROUP Highlights H1 2019
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX TRATON GROUP HIGHLIGHTS H1 2019 • Deliveries up by +10.0% to a first half record of 123,336 units • Sales revenue increased by +10.4%1 to €13,541 mn; all brands contributed • Operating profit improved significantly by +24.5% to
Slide 5: Group – Segment Highlights Q2 / H1 2019
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX GROUP – SEGMENT HIGHLIGHTS Q2 / H1 2019 Industrial Business (IB) Financial Services (FS) Q2 19 Y-o-Y H1 19 Y-o-Y Q2 19 Y-o-Y H1 19 Y-o-Y Order intake (units) 56,134 -6.7% 120,491 -5.5% Net portfolio2 (€bn) 9.5 +9.0% Deliveries
Slide 6: Group – Strong Sales Growth in Core Markets
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX GROUP – STRONG SALES GROWTH IN CORE MARKETS Truck Deliveries in core markets1; 2019 (units) Growth H1 (Y-o-Y) Market growth3 Q1 31,948 2 H1 66,430 +16.6% +15.3% 9M FY Q1 8,938 H1 18,822 +18.8% +19.3% 9M FY Q1 10,398 H1 23,068 +
Slide 7: Industrial Business – Order Intake
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX INDUSTRIAL BUSINESS – ORDER INTAKE ORDER INTAKE (units) Book-to-bill1 (ratio in units) Growth Y-o-Y (%) 1.27 1.02 1.13 0.85 -4.5% -5.5% -6.7% 67,359 64,357 60,184 56,134 120,491 64,357 1.13 0.98 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2
Slide 8: Industrial Business – Deliveries
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX INDUSTRIAL BUSINESS – DELIVERIES DELIVERIES (units) Growth Y-o-Y (%) +12.3% +7.4% +10.0% 66,173 58,913 57,163 53,221 123,336 57,163 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 19 H1 19 9M 19 FY 19 • Strong growth in core
Slide 9: Industrial Business – Sales Revenue by Brand and Return on Sales
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX INDUSTRIAL BUSINESS – SALES REVENUE BY BRAND AND RETURN ON SALES SALES REVENUES Q2 2019 (€mn) SALES REVENUES H1 2019 (€mn) Growth rate (%) Return on sales1 (%) Growth rate (%) Return on sales1 (%) 4.5% 12.2% 2.2% 7.9% 4.6% 11.6
Slide 10: MAN Truck & Bus – Highlights H1 2019
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX MAN TRUCK & BUS – HIGHLIGHTS H1 2019 • Total vehicle sales up by 10% during first six month primarily attributable to the growth in Germany, Brazil and the UK • Order intake down by 8% in H1 2019 mainly due to Germany, Poland,
Slide 11: MAN Truck & Bus – Key Figures Cumulative
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX MAN TRUCK & BUS – KEY FIGURES CUMULATIVE Order intake (k units) Deliveries (k units) Book-to-bill1 (ratio in units) Growth Y-o-Y (%) Growth Y-o-Y (%) Growth Y-o-Y (%) -1.0% -8.0% +13.2% +10.2% -17bpt -20bpt 1.20 1.02 54.9 54.0
Slide 12: Scania Vehicles & Services – Highlights H1 2019
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX SCANIA VEHICLES & SERVICES – HIGHLIGHTS H1 2019 • Unit sales of trucks up by 14%; the growth was primarily driven by strong growth in EU28+2 and Brazil; however truck sales declined in Russia and were substantially lower in the
Slide 13: Scania Vehicles & Services – Key Figures Cumulative
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX SCANIA VEHICLES & SERVICES – KEY FIGURES CUMULATIVE Order intake (k units) Deliveries (k units) Book-to-bill1 (ratio in units) Growth Y-o-Y (%) Growth Y-o-Y (%) Growth Y-o-Y (%) -10.3% -7.1% +4.1% +10.1% -18bpt -18bpt 1.13 0.95
Slide 14: Volkswagen Caminhões e Ônibus – Highlights H1 2019
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX VOLKSWAGEN CAMINHÕES E ÔNIBUS – HIGHLIGHTS H1 2019 • Brazilian truck market continued to recover in tandem with the economic upturn; therefore unit sales increased and are up by 15% in H1 2019. Export sales declined on sluggish
Slide 15: Volkswagen Caminhões e Ônibus – Key Figures Cumulative
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX VOLKSWAGEN CAMINHÕES E ÔNIBUS – KEY FIGURES CUMULATIVE Order intake (k units) Deliveries (k units) Book-to-bill1 (ratio in units) Growth Y-o-Y (%) Growth Y-o-Y (%) Growth Y-o-Y (%) +11.8% +15.1% +12.1% +17.6% 0bpt -2bpt 0.91 0.
Slide 16: Financial Services – Sales Revenue and Return on Sales
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX FINANCIAL SERVICES – SALES REVENUE AND RETURN ON SALES SALES REVENUE (€mn) Return on sales1 (%) Growth Y-o-Y (%) +13.3% +10.3% +7.6% 216 201 203 179 16.5 17.5 17.1 16.2 419 203 16.2 16.6 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 1
Slide 17: Outlook – Truck Market
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX OUTLOOK – TRUCK MARKET TRUCK MARKET DEVELOPMENT (˃ 6t, k units) EU 28+21 SOUTH AMERICA 372 126 2009 2011 2013 2015 2017 2019E 2009 2011 2013 2015 2017 2019E GERMANY BRAZIL 84 72 2009 2011 2013 2015 2017 2019E 2009 2011 2013 201
Slide 18: Outlook Group – Track Record, Outlook 2019 and Over-the-Cycle Target
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK APPENDIX OUTLOOK GROUP – RECENT TRACK RECORD, OUTLOOK 2019 AND OVER-THE-CYCLE TARGET Over-the-cycle RoS FY 2018 H1 2019 2019 Outlook target Slight increase Deliveries 233.0k 123.3 compared with (Units; Growth in %) 13.7% 10.0% previous
Slide 19: Contacts Group Communications
GROUP HIGHLIGHTS INDUSTRIAL BUSINESS FINANCIAL SERVICES OUTLOOK CONTACTS GROUP COMMUNICATIONS Julia Kroeber-Riel Sebastian Rausch Head of Group Communications Financial Media Relations & Governmental Relations julia.kroeber-riel@traton.com sebastian.rausch@traton.com TRATON SE Dachauer Str. 641 8099