Mercedes-benz Group Ag · XETR:MBG
Mercedes-benz — Q1 2025 Earnings Presentation
28 slides from Mercedes-benz's earnings presentation, Apr 30, 2025
Slide 1: Capital Market Presentation Q1 2025
CAPITAL MARKET PRESENTATION — CAPITAL MARKET PRESENTATION Q1 2025 — Q1 2025 — MERCEDES-BENZ — MERCEDES-BENZ GROUP AG Stuttgart, April 30, 2025
Slide 2: Mercedes-Benz Group: Key Figures
MERCEDES-BENZ GROUP: KEY FIGURES — — CC AA PP II T A L M A R K E T P R E S E N Revenue EBIT Earnings per share Free Cash Flow (IB) Net Industrial Liquidity in billion euros in billion euros in euros in billion euros in billion euros — MERCEDES-BENZ — +6% +6% -7% -41% -39% 35.9 3.9 2.86 2.4 33.3 33.2
Slide 3: Mercedes-Benz Cars: Key Messages Q1 2025
MERCEDES-BENZ CARS: KEY MESSAGES Q1 2025 — CAPITAL MARKET PRESENTATION Q1 2025 — Performance: Solid financial results supported by TEV share, strict cost discipline and operational efficiencies. — MERCEDES-BENZ — Products: CLA world premiere China & RoW. Electric GLC completed winter testing. E-Clas
Slide 4: Mercedes-Benz Vans: Key Messages
MERCEDES -BENZ VANS: KEY MESSAGES Q1 2025 — CAPITAL MARKET PRESENTATION Q1 2025 — Performance: Good financial results supported by a healthy mix, strict cost discipline and operational efficiencies. — MERCEDES-BENZ — Products: World Premiere of Vision V at Auto Shanghai highlights MB Vans' focus on
Slide 5: Cars: Top-End and Electric Vehicle Unit Sales
MERCEDES-BENZ CARS: TOP-END AND ELECTRIC VEHICLE UNIT SALES In thousand units -4% — CAPITAL MARKET PRESENTATION Q1 2025 — 463 446 Top-End 67 -2% -4% 65 67* 65* 90 87 — MERCEDES-BENZ — 9 11 G 5 5 Maybach 48 41 BEV** Core 268 263 29 34 AMG 35 43 46 PHEV S, EQS, Entry ** 129 118 27 GLS, EQS SUV Q1 2024
Slide 6: Cars: Financials
MERCEDES-BENZ CARS: FINANCIALS Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in billion euros in billion euros — — CC AA PP II T A L M A R K E T P R E S E N +20% -4% -6% 463 25.7 2.8 — MERCEDES-BENZ — 446 24.2 -24% 2.3 2.3 N TT AA TT IIO 1.8 ONN QQ11 22002255 — — 74.6* -3% 72
Slide 7: Cars: EBIT & RoS
MERCEDES-BENZ CARS: EBIT & ROS In million euros Gross Profit -434 — — CC AA PP II T A L M A R K E T P R E S E N 2,456 2,323 -133 — MERCEDES-BENZ — 732 26 41 1,768 1,758 -25 -163 -10 N TT AA TT IIO RoS: RoS: -1,026 9.6% ONN QQ11 22002255 — 9.0% -140 RoS: RoS: 7.3% 7.3% Operational efficiencies in p
Slide 8: Cars: EBIT to CFBIT
MERCEDES-BENZ CARS: EBIT TO CFBIT In million euros — — CC AA PP II T A L M A R K E T P R E S E N 1,536 — MERCEDES-BENZ — 1,232 29 2,789 23 2,812 -561 N TT AA TT IIO 1,758 ONN QQ11 22002255 — -1,205 CCR: CCR: 1.6 1.6 t/o • Inventories -774 • Trade receivables +140 — • Trade payables +1,866 t/o • Resu
Slide 9: Vans: Electric Vehicle Unit Sales
MERCEDES-BENZ VANS: ELECTRIC VEHICLE UNIT SALES In thousand units — CAPITAL MARKET PRESENTATION Q1 2025 — -21% +59% 105 5 — MERCEDES-BENZ — 83 3 BEV thereof Q1 2024 Q1 2025 Q1 2024 Q1 2025 Total MB Vans Electric vehicles Share in % of volume 3% 6%
Slide 10: Vans: Financials
MERCEDES-BENZ VANS: FINANCIALS Sales Revenue EBIT adj. CFBIT adj. in thousand units in billion euros in billion euros in billion euros — — CC AA PP II T A L M A R K E T P R E S E N -21% -17% -41% -11% 105 4.9 0.8 0.7 — MERCEDES-BENZ — 0.6 4.1 83 N TT AA TT IIO 0.5 ONN QQ11 22002255 — — Q1 2024 Q1 20
Slide 11: Vans: EBIT & RoS
MERCEDES-BENZ VANS: EBIT & ROS In In million million euros euros Gross Profit -305 — — CC AA PP II T A L M A R K E T P R E S E N 933 — MERCEDES-BENZ — 800 -133 N TT AA TT IIO 95 0 4 9 RoS: 475 7 ONN QQ11 22002255 — 19.1% RoS: -33 16.3% -407 Healthy mix supported by improved product substance RoS:
Slide 12: Vans: EBIT to CFBIT
MERCEDES-BENZ VANS: EBIT TO CFBIT In million euros — — CC AA PP II T A L M A R K E T P R E S E N 24 612 190 588 — MERCEDES-BENZ — 289 N TT AA TT IIO 26 79 CCR: CCR: 2.6 ONN QQ11 22002255 — 1.3 229 t/o • Inventories -200 — • Trade receivables +179 • Trade payables +100 -225 • Legal proceedings +24 Ne
Slide 13: Mobility: Key Messages Q1 2025
MERCEDES-BENZ MOBILITY: KEY MESSAGES Q1 2025 — — CC AA PP II T A L M A R K E T P R E S E N New business volumes impacted by competitive situation in — MERCEDES-BENZ — China. Acquisition margin continues to be in line with target return. N TT AA TT IIO Portfolio margin on a positive trend since mid 2
Slide 14: Mobility: Financials
MERCEDES-BENZ MOBILITY: FINANCIALS New Business Contract Volume EBIT adj. in billion euros in billion euros in billion euros — — CC AA PP II T A L M A R K E T P R E S E N +3% -8% -3% 14.8 138.1 0.3 — MERCEDES-BENZ — 133.7 0.3 13.6 N TT AA TT IIO ONN QQ11 22002255 — — Q1 2024 Q1 2025 12/31/2024 3/31/
Slide 15: Mobility: EBIT & RoE
MERCEDES-BENZ MOBILITY: EBIT & ROE In million euros 71 — — CC AA PP II T A L M A R K E T P R E S E N 28 3 287 0 287 279 0 279 31 -16 — MERCEDES-BENZ — -109 N TT AA TT IIO RoE: RoE: RoE: RoE: ONN QQ11 22002255 — 8.5% 8.5% 8.6% 8.6% Cost of credit risk improved Efficiency measures leading to cost
Slide 16: Group: EBIT
MERCEDES-BENZ GROUP: EBIT In million euros — — CC AA PP II T A L M A R K E T P R E S E N 3,863 3,598 — MERCEDES-BENZ — -265 -555 8 2,546 -325 2,289 -180 N TT AA TT IIO -257 ONN QQ11 22002255 — — • M&A transactions -245 • Legal proceedings -265 • Legal proceedings -12 EBIT EBIT EBIT Mercedes-Benz Mer
Slide 17: Reconciliation from CFBIT to Free Cash Flow
MERCEDES -BENZ GROUP: In million euros RECONCILIATION FROM CFBIT TO FREE CASH FLOW — — CC AA PP II T A L M A R K E T P R E S E N 588 — MERCEDES-BENZ — 2,789 10 -650 2,357 48 2,405 -229 -151 N TT AA TT IIO ONN QQ11 22002255 — — • Legal proceedings +48 Other Free cash flow Free cash flow Mercedes-Benz
Slide 18: Group: Net Industrial Liquidity
MERCEDES -BENZ GROUP: In billion euros NET INDUSTRIAL LIQUIDITY — — CC AA PP II T A L M A R K E T P R E S E N 1.8 1.3 0.0 33.3 0.7 — MERCEDES-BENZ — 31.4 -1.4 -0.5 Free cash flow industrial business Q1 2025: € 2.4 billion N TT AA TT IIO ONN QQ11 22002255 — — Additions to Net Industrial Earnings and
Slide 19: Outlook 2025
— MERCEDES-BENZ — Outlook 2025
Slide 20: Divisional Guidance 2025
MERCEDES-BENZ DIVISIONAL GUIDANCE 2025 ASSUMPTION The assumptions regarding the overall economic conditions and the development of the automotive markets continue to be characterized by exceptionally high levels of uncertainty. In addition to unexpected macroeconomic and geopolitical developments, t
Slide 21: Divisional Guidance 2025 (Additional Tariff Impacts)
MERCEDES-BENZ DIVISIONAL GUIDANCE 2025 ASSUMPTION The assumptions regarding the overall economic conditions and the development of the automotive markets continue to be characterized by exceptionally high levels of uncertainty. In addition to unexpected macroeconomic and geopolitical developments, t
Slide 22: Group Guidance 2025
MERCEDES-BENZ GROUP GUIDANCE 2025 ASSUMPTION The assumptions regarding the overall economic conditions and the development of the automotive markets continue to be characterized by exceptionally high levels of uncertainty. In addition to unexpected — CAPITAL MARKET PRESENTATION Q1 2025 — macroeconom
Slide 23: Group: Mastering a Dynamic Environment
MERCEDES-BENZ GROUP: MASTERING A DYNAMIC ENVIRONMENT — — CC AA PP II T A L M A R K E T P R E S E N Tariffs: Stay vigilant on tariff dynamics. — MERCEDES-BENZ — Localization strategy: Further leverage localization potential in China and US. N TT AA TT IIO Product & technology: Continue to deliver on
Slide 24: Appendix
— CAPITAL MARKET PRESENTATION Q1 2025 — APPENDIX — MERCEDES-BENZ —
Slide 25: Mobility: Net Credit Losses
MERCEDES-BENZ MOBILITY: NET CREDIT LOSSES* — — CC AA PP II T A L M A R K E T P R E S E N 0.89% 0.83% — MERCEDES-BENZ — N TT AA TT IIO 0.43% ONN QQ11 22002255 — 0.37% 0.43% 0.34% 0.33% 0.40% 0.31% 0.31% 0.26% 0.26% 0.24% 0.29% — 0.21% 0.21% 0.20% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Slide 26: Group/Divisional Guidance Ranges
MERCEDES-BENZ GROUP/ DIVISIONAL GUIDANCE RANGES* — CAPITAL MARKET PRESENTATION Q1 2025 — Specification/ Significantly Slightly below At prior-year Slightly above Significantly KPI below level above — MERCEDES-BENZ — Revenue/ X < -7.5% -7.5% ≤ X < -2% -2% ≤ X ≤ +2% +2% < X ≤ +7.5% X > +7.5% Unit Sale
Slide 27: Contacts – Investor Relations
CONTACTS – INVESTOR RELATIONS — CAPITAL MARKET PRESENTATION Q1 2025 — Visit our Investor Relations Website: Christian Keller Analysts, Defense and Equity Relations Email: christian.ck.keller@mercedes-benz.com Click here — MERCEDES-BENZ — Alexander Jasperneite Analysts, Creditor and Equity Relations
Slide 28: 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- looki