Slide 1: Annual Results Conference 2025
Annual Results Conference 2025 1 Investor Relations 10/03/2025 ANNUAL RESULTS CONFERENCE 2025 Christian Levin, CEO Dr. Michael Jackstein, CFO & CHRO 10/03/2025
Slide 2: Agenda
Annual Results Conference 2025 2 Investor Relations 10/03/2025 AGENDA 1. Key results & highlights 2. Financial performance 3. 2025 outlook 4. Backup
Slide 3: Disclaimer
Annual Results Conference 2025 3 Investor Relations 10/03/2025 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, a
Slide 4: Key results & highlights
Annual Results Conference 2025 4 Investor Relations 10/03/2025 KEY RESULTS & HIGHLIGHTS
Slide 5: We delivered what we promised, and managed cost and cash effectively
Annual Results Conference 2025 5 Investor Relations 10/03/2025 WE DELIVERED WHAT WE PROMISED, AND MANAGED COST AND CASH EFFECTIVELY FY 2024 334,215 €47.5bn 9.2% €2,834m €5.61 263,575 -1% YoY +1% YoY +0.6pp YoY -€760m YoY1 +€0.71 YoY -0% YoY Q4 2024 Unit Sales Adjusted Net cash flow Earnings per shar
Slide 6: Our brands and financial services are driving our value – together
Annual Results Conference 2025 6 Investor Relations 10/03/2025 OUR BRANDS AND FINANCIAL SERVICES ARE DRIVING OUR VALUE – TOGETHER Segment highlights Q4 2024 Scania exceeds the 100,000 MAN delivers its full electric The International LT with the VWTB presents several TRATON Financial Services vehicle
Slide 7: Orders for electric vehicles are on the rise
Annual Results Conference 2025 7 Investor Relations 10/03/2025 ORDERS FOR ELECTRIC VEHICLES ARE ON THE RISE Incoming orders of fully electric vehicles (units) FY 24 FY 23 3,851 2,430 Unit sales of fully electric vehicles (units) FY 24 FY 23 1,739 2,107
Slide 8: Promising order intake development within mixed market dynamics
Annual Results Conference 2025 8 Investor Relations 10/03/2025 PROMISING ORDER INTAKE DEVELOPMENT WITHIN MIXED MARKET DYNAMICS Europe: Incoming orders & Unit sales (k units) ― Robust unit sales, but lower YoY in a declining market Incoming orders Unit sales 120 ― Q4 truck orders show the highest int
Slide 9: Together: collaboration across brands
ANNUAL RESULTS CONFERENCE 2025 We advance our brands by facilitating collaboration on many levels, TOGETHER helping them offer their customers sustainable products and tailor- made services. To this end, TRATON establishes new Group functions, enters into strategic partnerships, and provides crucial
Slide 10: Financial performance
Annual Results Conference 2025 10 Investor Relations 10/03/2025 FINANCIAL PERFORMANCE
Slide 11: Q4 sales figures marked by weak European market
Annual Results Conference 2025 11 Investor Relations 10/03/2025 Q4 SALES FIGURES MARKED BY WEAK EUROPEAN MARKET ― Robust Q4 unit sales, driven by: Unit sales (k units) Sales revenue (€ bn) ― Strong South American market with positive impact on Scania and VWTB FY 24 FY 24 Vehicle Services business 33
Slide 12: Strategic RoS target achieved ...
Annual Results Conference 2025 12 Investor Relations 10/03/2025 STRATEGIC ROS TARGET ACHIEVED ... Increased adj. RoS YoY despite decreased sales Adjusted operating result (€ m) Adjusted return on sales (%) revenue per unit, due to: ― Positive volume effect at International; FY 24 FY 24 unit sales of
Slide 13: ... by all brands and financial services together as one group
Annual Results Conference 2025 13 Investor Relations 10/03/2025 … BY ALL BRANDS AND FINANCIAL SERVICES TOGETHER AS ONE GROUP TRATON Operations1 Q4 Sales revenue 11,916 4,995 3,599 2,860 590 522 24 (in € m, YoY) (-4%) (-5%) (-14%) (+7%) (+11%) (+21%) Adjusted RoS 10.1% 13.4% 6.5% 7.9% 12.0% 10.8% (Re
Slide 14: Full-year earnings per share increased by 14%
Annual Results Conference 2025 14 Investor Relations 10/03/2025 FULL-YEAR EARNINGS PER SHARE INCREASED BY 14% Adjusted operating result to earnings after tax, FY 24 (€ m, YoY in %) ― Earnings per share at €5.61 in FY 24, up from €4.90 in FY 23. ― Dividend proposal of €1.70 per share1, equivalent to
Slide 15: Net cash flow at upper end of guidance range
Annual Results Conference 2025 15 Investor Relations 10/03/2025 NET CASH FLOW AT UPPER END OF GUIDANCE RANGE ― Net cash flow development in 2024 characterized by: Net cash flow TRATON Operations (€ m) ― Strong operating performance, but also … 3,594 ― Volatile working capital development mainly due
Slide 16: ... supporting further net debt reduction
Annual Results Conference 2025 16 Investor Relations 10/03/2025 … SUPPORTING FURTHER NET DEBT REDUCTION ― Net debt picture significantly improved Net liquidity/net debt bridge, FY 2024 (€ m) TO = TRATON Operations in FY 24. CI = Corporate items ― Net debt of TRATON Operations incl. Net debt decrease
Slide 17: 2025 outlook
Annual Results Conference 2025 17 Investor Relations 10/03/2025 2025 OUTLOOK
Slide 18: Cautious truck customers amid geopolitical and macroeconomic uncertainties
Annual Results Conference 2025 18 Investor Relations 10/03/2025 CAUTIOUS TRUCK CUSTOMERS AMID 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) (202
Slide 19: 2025 outlook – a tale of two halves
Annual Results Conference 2025 19 Investor Relations 10/03/2025 2025 OUTLOOK – A TALE OF TWO HALVES 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 rev
Slide 20: Key takeaways
Annual Results Conference 2025 Investor Relations 10/03/2025 KEY TAKEAWAYS ― Delivered solid results, despite challenging markets. ― Hit our strategic 9% RoS target. ― Achieved 14% higher EPS leading to a higher dividend. ― Continued to reduce our industrial debt. ― Increased collaboration initiativ
Slide 21: Backup
Annual Results Conference 2025 21 Investor Relations 10/03/2025 BACKUP
Slide 22: Traton Operations – Incoming orders
Annual Results Conference 2025 22 Investor Relations 10/03/2025 TRATON OPERATIONS – INCOMING ORDERS Incoming orders (units) Q1 21 Q2 21 Q3 21 Q4 21 FY 21 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 TRATON Operations 81,742 89,204 97,371 91,658 359,975 95
Slide 23: Traton Operations – Incoming orders by region
Annual Results Conference 2025 23 Investor Relations 10/03/2025 TRATON OPERATIONS – INCOMING ORDERS BY REGION Incoming orders (units) Q1 21 Q2 21 Q3 21 Q4 21 FY 21 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 Trucks 70,262 76,937 83,332 75,214 305,745 79,
Slide 24: Traton Operations – Unit sales
Annual Results Conference 2025 24 Investor Relations 10/03/2025 TRATON OPERATIONS – UNIT SALES Unit sales (units) Q1 21 Q2 21 Q3 21 Q4 21 FY 21 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 TRATON Operations 60,315 66,135 68,972 76,186 271,608 67,767 69,52
Slide 25: Traton Operations – Unit sales by region
Annual Results Conference 2025 25 Investor Relations 10/03/2025 TRATON OPERATIONS – UNIT SALES BY REGION Unit sales (units) Q1 21 Q2 21 Q3 21 Q4 21 FY 21 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 Truck 51,318 57,347 58,151 63,733 230,549 57,575 57,540
Slide 26: Traton Group – Sales revenue
Annual Results Conference 2025 26 Investor Relations 10/03/2025 TRATON GROUP – SALES REVENUE Sales revenue (€ m) Q1 21 Q2 21 Q3 21 Q4 21 FY 21 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 TRATON GROUP 6,544 7,076 8,049 8,950 30,620 8,525 9,457 10,563 11,7
Slide 27: Traton Group – Operating result & return on sales
Annual Results Conference 2025 27 Investor Relations 10/03/2025 TRATON GROUP – OPERATING RESULT & RETURN ON SALES Operating result (€ m) Q1 21 Q2 21 Q3 21 Q4 21 FY 21 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 TRATON GROUP 155 301 186 -248 393 355 306 -
Slide 28: Traton Group – Adjusted operating result & adjusted return on sales
Annual Results Conference 2025 28 Investor Relations 10/03/2025 TRATON GROUP – ADJUSTED OPERATING RESULT & ADJUSTED RETURN ON SALES Adj. operating result (€ m) Q1 21 Q2 21 Q3 21 Q4 21 FY 21 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 TRATON GROUP 516 612
Slide 29: Traton Group – Adjustments
Annual Results Conference 2025 29 Investor Relations 10/03/2025 TRATON GROUP – ADJUSTMENTS
Slide 30: Traton Operations – Cash and liquidity
Annual Results Conference 2025 30 Investor Relations 10/03/2025 TRATON OPERATIONS – CASH AND LIQUIDITY TRATON Operations (€ m) Q1 21 Q2 21 Q3 21 Q4 21 FY 21 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 Gross cash flow 863 901 974 370 3,107 1,067 862 1,036
Slide 31: Traton Group – Debt maturity profile
Annual Results Conference 2025 31 Investor Relations 10/03/2025 TRATON GROUP – DEBT MATURITY PROFILE (AS OF 31 DECEMBER 2024) Major financings Maturity profile (€ bn)1 ― Total of €10.8bn (equivalent) TFL2 Bonds outstanding (tranches of 1.75y to 12y) 12 ― €4.5bn syndicated RCF undrawn ― €350m Schulds
Slide 32: Transparent communication: 2024 reporting
Annual Results Conference 2025 32 Investor Relations 10/03/2025 TRANSPARENT COMMUNICATION: 2024 REPORTING
Slide 33: IR contact and upcoming events
Annual Results Conference 2025 33 Investor Relations 10/03/2025 IR CONTACT AND UPCOMING EVENTS Contacts Events H1/2025 Ursula Querette Thomas Paschen 10-11/03/2025 Post Q4/FY 2024 Results Roadshow | Virtual Head of Investor Relations Investor Relations +49 152 021 52 400 +49 170 907 34 94 18/03/2025