Daimler Truck Holding Ag · XETR:DTG
Daimler Truck — Q1 2026 Earnings Presentation
23 slides from Daimler Truck's earnings presentation, May 6, 2026
Slide 1: Q1 2026 Interim Results Call
Q1 2026 Interim Results Call May 06, 2026 Karin Rådström, CEO ISIN: DE 000 DTR0CK8 Bloomberg Ticker: DTG:GR WKN: DTR0CK Reuters Ticker: DTGGe.DE Eva Scherer, CFO ADR Program Symbol: DTRUY
Slide 2: Q1 2026 Interim Results Call Business Update
Q1 2026 Interim Results Call #1 #2 #3 Business Outlook Appendix Update
Slide 3: Group – Key figures Q1 2026
Group – Key figures Q1 2026 Revenue Adjusted Net profit EPS Net Industrial - in bn Euro – EBIT Group Group Liquidity1 - in bn Euro – - in mn Euro – - in Euro - - in bn Euro - 10.0 0.5 149 0.2 7.1 Q1 2025: 11.5 Q1 2025: 1.1 Q1 2025: 749 Q1 2025: 0.9 Q4 2025: 7.7 -13% -54% -80% -80% -7% 1 Of continuin
Slide 4: Robust Industrial Business performance despite challenging economic conditions
Robust Industrial Business performance despite challenging economic conditions Revenue 10.6 9.1 - in bn Euro - ROS adj. 9.6 5.0 - in % - Adj. EBIT 1,023 - in mn Euro - 38 460 96 -3 -695 t/o Trucks North America -569 Mercedes-Benz Trucks -6 Daimler Buses -19 FX -44 FX +22 FX +16 FX -3 Q1 2025 Gross p
Slide 5: Book-to-bill ratio of 166% in Q1 2026 – Order momentum further improving
Book-to-bill ratio of 166% in Q1 2026 – Order momentum further improving Q1 2026 Development per quarter Unit sales Incoming orders Incoming Group Book-to-bill 114 orders sales ratio 105 - in k units - - in k units - - in % - 86 81 Total 76 72 69 59 114 69 166 64 Q1 2025: 76 Q1 2025: 76 Q1 2025: 101
Slide 6: Further market drop in North America; EU30 market momentum continuing in Q1 2026
Further market drop in North America; EU30 market momentum continuing in Q1 2026 North America EU30 Total market Class 8 YTD March Total market HDT YTD March - in k units - 50k - in k units - 80k 350 350 293k average 297k average 300 300 290 - 330k 250 250 Market assumption 250 - 290k 200 Market ass
Slide 7: Trucks North America profitability impacted by lower volumes and tariffs
Trucks North America profitability impacted by lower volumes and tariffs Revenue 5.4 3.8 - in bn Euro - Adj. ROS 14.4 5.4 - in % - Adj. EBIT 778 - in mn Euro - 23 209 44 -11 -624 − Volume − Net pricing (tariffs) FX -87 FX +20 FX +15 FX -1 Q1 2025 Gross profit SG&A R&D Others Q1 2026 Daimler Truck Da
Slide 8: Mercedes-Benz Trucks with solid profitability despite headwinds in Latin America
Mercedes-Benz Trucks with solid profitability despite headwinds in Latin America Revenue 4.4 4.6 - in bn Euro - Adj. ROS 5.4 5.1 - in % - Adj. EBIT 238 9 233 - in mn Euro - 31 -2 -44 − Net pricing + CDE − Loss of a positive 2025 effect from warranty and policy − Aftersales (Halberstadt) + Volume + C
Slide 9: Daimler Buses demonstrates strong performance and resilience in challenging environment
Daimler Buses demonstrates strong performance and resilience in challenging environment Revenue 1.3 1.2 - in bn Euro - Adj. ROS 9.4 8.6 - in % - Adj. EBIT - in mn Euro - 126 3 -6 107 -6 -10 + Net pricing + FX − Volume − Inflation FX +20 FX 0 FX 0 FX 0 Q1 2025 Gross profit SG&A R&D Others Q1 2026 Dai
Slide 10: Higher interest margin at Financial Services offset by higher loss allowances and FX
Higher interest margin at Financial Services offset by higher loss allowances and FX Contract vol. 31.2 29.9 - in bn Euro - Adj. ROE 7.3 5.1 - in % - Adj. EBIT - in mn Euro - 55 6 -12 39 -11 − FX − Recoveries − Higher loss allowances + Margin FX -13 FX +6 FX -1 Q1 2025 Gross profit SG&A Others Q1 20
Slide 11: Negative Free Cash Flow driven by significantly lower sales volumes and inventory build
Negative Free Cash Flow driven by significantly lower sales volumes and inventory build due to strong order intake - in mn Euro - Free Cash Flow1 Net Industrial Liquidity1 Industrial Business 33 7,670 0 7,143 -445 -51 -32 -445 Q1 2025 Q1 2026 Q4 2025 FCF IB Dividends Buyback Other Q1 2026 1 Of conti
Slide 12: Q1 2026 Interim Results Call Business Update
Q1 2026 Interim Results Call #1 #2 #3 Business Outlook Appendix Update
Slide 13: Market assumptions 2026
Market assumptions 2026 Heavy-duty truck market 2026 North America 250 – 290k units EU30 290 – 330k units Daimler Truck Group | Q1 2026 Interim Results Call 13
Slide 14: Daimler Truck segment guidance 2026 and soft guidance Q2 2026
Daimler Truck segment guidance 2026 and soft guidance Q2 2026 Unit sales1 Adjusted ROS/ROE1 - in k units - - in % - FY Guidance FY Guidance Q1 Soft guidance 2025 2026 2025 2026 2026 Q2 2026 Trucks North Upper end 142 150 – 170 10.7 6–8 5.4 America of FY guidance corridor Mercedes-Benz Lower half 147
Slide 15: Q1 2026 Interim Results Call Business
Q1 2026 Interim Results Call #1 #2 #3 Business Outlook Appendix Update
Slide 16: Daimler Truck Group and Industrial Business Guidance 2026
Daimler Truck Group and Industrial Business Guidance 2026 FY 2025 Guidance 20261 Group Adjusted EBIT 3.5bn Euro 3.2 – 3.7bn Euro IB Unit sales 315k units 330 – 360k units Revenue 42.1bn Euro 42 – 46bn Euro Adjusted ROS 7.9% 6 - 8% FCF 1.8bn Euro2 2.7 – 3.2bn Euro2,3 1 Due to the deconsolidation of M
Slide 17: Q1/25 – Q1/26 Incoming orders and unit sales by segment
Q1/25 – Q1/26 Incoming orders and unit sales by segment - in units - Trucks North America Mercedes-Benz Trucks Daimler Buses 59,195 48,987 52,293 7,964 47,095 44,794 7,315 7,027 7,027 38,992 38,580 6,206 37,839 6,443 34,017 36,804 5,939 31,740 35,818 30,225 29,432 35,299 5,196 5,431 26,168 4,972 34,
Slide 18: Q1/25 – Q1/26 IB performance: Revenue by segment
Q1/25 – Q1/26 IB performance: Revenue by segment - in mn Euro - Daimler Truck Industrial Business Reconciliation 10,617 10,821 10,921 9,695 9,142 -534 -557 -544 -589 -690 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Trucks North America Mercedes-Benz Trucks Daimler Buses Financial Ser
Slide 19: Q1/25 – Q1/26 IB performance: EBIT by segment
Q1/25 – Q1/26 IB performance: EBIT by segment - in mn Euro - Daimler Truck Industrial Business Reconciliation 1,023 998 952 702 600 631 513 460 -88 -89 -89 376 -113 -115 253 -149 -119 -160 -185 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 -226 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Adj. ROS 9.6% 9.2% 6.2% 6.4% 5.0% Revenue
Slide 20: Q1 2026 Net profit
Q1 2026 Net profit - in mn Euro - 16 307 292 149 -158 Q1 26 EBIT Interest income/expense Q1 26 Profit before income taxes Income taxes Q1 26 Net profit Daimler Truck Group | Q1 2026 Interim Results Call 20
Slide 21: Financial Services – Q1 2026 Key figures
Financial Services – Q1 2026 Key figures New business Penetration Contract Adjusted EBIT Adjusted ROE - in mn Euro - - in mn Euro - - in % - rate volume - in % - - in bn Euro at end of period - -5% +12bps +1% -30% -221bps 2,282 20.8 20.9 29.5 29.9 55 7.3 2,170 39 5.1 Q1 2025 Q4 2025 Q1 2026 Daimler
Slide 22: Capital structure
Capital structure in mn Euro Sep 30, 2025 Dec 31, 2025 Mar 31, 2026 Group liquidity1 Cash and cash equivalents 7,753 8,648 8,969 Marketable debt securities and similar investments 2,572 2,725 3,030 Group gross liquidity 10,325 11,373 11,999 Total financing liabilities -29,879 -29,860 -31,036 Group n
Slide 23: Disclaimer
Disclaimer Forward-looking statements This document contains forward-looking statements that reflect our current views about future events. The words “aim”, “ambition”, “anticipate”, “assume”, “believe”, “estimate”, “expect”, “intend”, “may”, ”can”, “could”, “plan”, “project”, “should” and similar e
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