Slide 1: Capital Market Presentation Q3 2020
DAIMLER AG DISCLOSURE Q3 2020 CAPITAL MARKET PRESENTATION October 23, 2020 Capital Market Presentation Q3 2020 / October 23, 2020
Slide 2: Key Topics
DAIMLER Q3 2020 KEY TOPICS New Mercedes-Benz Cars strategy presented Diesel US settlement: Important step towards legal certainty Right path to reducing break-even Industrial FCF reflects strong business performance and extensive cost and cash preservation measures Issuance of first green bond with
Slide 3: Key Figures
DAIMLER Q3 2020 KEY FIGURES Unit sales Revenue EBIT EBIT adjusted in thousands of units in billions of euros in billions of euros in billions of euros 3.5 3.1 3.1 839 43.3 2.7 773 40.3 -8% -7% +14% +11% Q3 2019 Q3 2020 Q3 2019 Q3 2020 Q3 2019 Q3 2020 Q3 2019 Q3 2020 Net profit Earnings per share Fre
Slide 4: Net Industrial Liquidity
DAIMLER Q3 2020 NET INDUSTRIAL LIQUIDITY in billions of euros Free cash flow industrial business Q3 2020: €5.1 billion +2.1 -1.8 +0.6 -0.1 -1.0 +4.3 -0.5 13.1 9.5 Net industrial Earnings and Working Depreciation and Additions to Investments in Dividend Other Net industrial liquidity other cash capit
Slide 5: Mercedes-Benz Cars & Vans Key Topics Q3 2020
MERCEDES-BENZ CARS & VANS KEY TOPICS Q3 2020 Positive development of unit sales in third quarter due to recovery of many markets Favorable development in model mix and pricing Indicators of change show operative improvement, e.g. accelerating headcount reduction, fixed cost coming down Electric firs
Slide 6: Mercedes-Benz Cars & Vans Business Recovery YTD 09/2020
MERCEDES-BENZ CARS & VANS BUSINESS RECOVERY YTD 09/2020 Group sales of Mercedes-Benz passenger cars per month in thousands of units 80 China 60 40 20 0 80 60 Europe 40 20 0 40 30 United 20 States 10 0 Jun 19 Jan 20 Sep 20 Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020 / Page 6
Slide 7: Mercedes-Benz Cars & Vans Key Figures
MERCEDES-BENZ CARS & VANS KEY FIGURES Unit sales Revenue EBIT adjusted CFBIT in thousands of units in billions of euros in millions of euros in millions of euros 4,617 705 26.6 25.8 673 2,417 1,868 1,825 -4 % -3% +29% +153% Q3 2019 Q3 2020 Q3 2019 Q3 2020 Q3 2019 Q3 2020 Q3 2019 Q3 2020 Daimler AG C
Slide 8: Mercedes-Benz Cars & Vans EBIT and RoS
MERCEDES-BENZ CARS & VANS EBIT AND ROS Significant fixed cost reduction in all areas in millions of euros Favorable model mix and pricing Positive one-time pension/healthcare effect in USA Lower unit sales Gross profit -353 +196 +34 2,417 -299 +635 +37 2,118 398 1,868 -337 RoS: -36 +20 9.4% RoS: 1,4
Slide 9: Mercedes-Benz Cars & Vans Reconciliation from EBIT to CFBIT Q3 2020
MERCEDES-BENZ CARS & VANS RECONCILIATION FROM EBIT TO CFBIT Q3 2020 in millions of euros +204 4,821 +1,980 4,617 • Restructuring Measures +204 +435 -58 -1,603 +1,745 2,118 • BBAC 2019 dividend +1,151 • Other liabilities (cash-out Q4) +586 • Other assets (mainly short-term work) +241 EBIT Change in N
Slide 10: Trucks & Buses Key Topics Q3 2020
DAIMLER TRUCKS & BUSES KEY TOPICS Q3 2020 Significant sales recovery vs. H1; significant decreases vs. Q3 2019 due to ongoing COVID-19 pandemic Incoming truck orders in most key regions significantly above Q2; Europe and North America also positive compared to Q3 2019 Ongoing strong focus on cash pr
Slide 11: Trucks & Buses Business Recovery YTD 09/20
DAIMLER TRUCKS & BUSES BUSINESS RECOVERY YTD 09/20 Group sales of Daimler Trucks per month in thousands of units 8 6 EU30 4 2 0 20 15 North 10 America 5 0 12 9 6 Asia 3 0 Jun 19 Jan 20 Sep 20 Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020 / Page 11
Slide 12: Trucks & Buses Key Figures
DAIMLER TRUCKS & BUSES KEY FIGURES Incoming orders* Unit sales Revenue EBIT adjusted CFBIT in thousands of units in thousands of units in billions of euros in millions of euros in millions of euros 101 104 134 11.5 1,142 9.2 99 +3% -26% -20% 838 736 603 -28% +55% Q3 2019 Q3 2020 Q3 2019 Q3 2020 Q3 2
Slide 13: Trucks & Buses EBIT and RoS
DAIMLER TRUCKS & BUSES EBIT AND ROS Significant fixed cost reduction in all areas in millions of euros Significantly lower unit sales in all regions due to market downturns Industrial performance: Q3 2019 characterized by favorable Takata one-time- Gross profit -567 effect 838 -512 RoS: 7.3% +46 603
Slide 14: Trucks & Buses Reconciliation from EBIT to CFBIT Q3 2020
DAIMLER TRUCKS & BUSES RECONCILIATION FROM EBIT TO CFBIT Q3 2020 in millions of euros +251 1,142 +332 +184 -35 -131 541 EBIT Change in Net financial Net investments Depreciation and Provisions, other CFBIT Q3 2020 working capital investments in pp&e and amortization/ Q3 2020 intangible assets impair
Slide 15: Mobility Key Topics Q3 2020
DAIMLER MOBILITY KEY TOPICS Q3 2020 New business stabilized with recovery effect in almost all regions Payment restructuring programs expired in most markets with majority of customers returning to normal payment mode No further increase of credit provisions required in Q3 Implemented efficiency mea
Slide 16: Mobility Key Figures
DAIMLER MOBILITY KEY FIGURES New business Contract volume EBIT adjusted in billions of euros in billions of euros in millions of euros 601 18.3 18.7 162.8 469 149.8 +2% -8% +28% Q3 2019 Q3 2020 12/31/2019 9/30/2020 Q3 2019 Q3 2020 Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020 / P
Slide 17: Mobility EBIT and RoE
DAIMLER MOBILITY EBIT AND ROE Fixed cost reductions in all areas No further increase of credit risk reserve in millions of euros Impairment of software in context of streamlining IT-architecture Gross profit* +96 +169 +36 601 589 +33 +10 RoE -12 16.5% RoE +56 469 -73 Pers. Prog, -12 16.2% 413 RoE Ro
Slide 18: Group EBIT
DAIMLER Q3 2020 Mercedes-Benz Cars & Vans: • Legal proceedings • Restructuring measures -2 -297 GROUP EBIT Daimler Trucks & Buses: • Restructuring measures Daimler Mobility: -62 in millions of euros • Restructuring measures -12 Reconciliation: • Restructuring measures -36 +549 -235 +132 -109 3,479 -
Slide 19: Reconciliation from CFBIT to Free Cash Flow
DAIMLER Q3 2020 RECONCILIATION FROM CFBIT TO FREE CASH FLOW in millions of euros 1,142 -24 -133 -463 +206 5,345 5,139 4,617 • Legal proceedings +206 CFBIT CFBIT Income Interest Other Free cash flow Adjustments Free cash flow Mercedes-Benz Daimler taxes paid reconciling (industrial business) (industr
Slide 20: 2020 Outlook Daimler Group
2020 OUTLOOK DAIMLER GROUP ASSUMPTION Daimler assumes that the economic conditions in our most important markets continue to normalize and in particular that no further setbacks occur as a result of the Covid-19 pandemic. Daimler Group Revenue Significant decrease Daimler Group EBIT At prior-year le
Slide 21: 2020 Outlook Daimler Group
2020 OUTLOOK DAIMLER GROUP ASSUMPTION Daimler assumes that the economic conditions in our most important markets continue to normalize and in particular that no further setbacks occur as a result of the Covid-19 pandemic. Unit Sales Cars Significant decrease Vans Significant decrease Trucks Signific
Slide 22: Looking Forward
DAIMLER Q3 2020 LOOKING FORWARD The transformation of Daimler is a long-distance race. We keep the pace with focus and full discipline. Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020 / Page 22
Slide 23: Additional Financial Details
ADDITIONAL FINANCIAL DETAILS Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020 / Page 23
Slide 24: Revenue by Divisions
DAIMLER Q3 2020 REVENUE BY DIVISIONS in billions of euros Q3 2019 Q3 2020 % change Daimler Group 43.3 40.3 -7 of which Mercedes-Benz Cars & Vans 26.6 25.8 -3 Daimler Trucks & Buses 11.5 9.2 -20 Daimler Mobility 7.1 6.9 -3 Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020 / Page 24
Slide 25: Revenue by Regions
DAIMLER Q3 2020 REVENUE BY REGIONS in billions of euros Q3 2019 Q3 2020 % change Daimler Group 43.3 40.3 -7 of which Europe 17.3 17.5 +1 of which Germany 6.6 7.0 +6 North America 13.1 10.9 -16 of which United States 11.4 9.6 -16 Asia 10.3 10.0 -3 of which China* 4.6 5.5 +18 Other markets 2.6 1.8 -30
Slide 26: EBIT by Divisions
DAIMLER Q3 2020 EBIT BY DIVISIONS EBIT in millions of euros; RoS/RoE in % Q3 2019 Q3 2020 EBIT RoS/RoE* EBIT RoS/RoE* Daimler Group 2,690 6.3 3,070 7.4 of which Mercedes-Benz Cars & Vans 1,470 5.5 2,118 8.2 Daimler Trucks & Buses 838 7.3 541 5.9 Daimler Mobility 413 11.9 589 16.2 Reconciliation -31
Slide 27: Adjustments Affecting EBIT
DAIMLER Q3 2020 ADJUSTMENTS AFFECTING EBIT in millions of euros Mercedes-Benz Cars & Vans Q3 2019 Q3 2020 Legal proceedings and related measures 362 2 Restructuring measures 36 297 Daimler Trucks & Buses xx Restructuring measures – 62 Daimler Mobility xx Legal proceedings and related measures 11 - R
Slide 28: EBIT Adjusted by Divisions
DAIMLER Q3 2020 EBIT ADJUSTED BY DIVISIONS EBIT adjusted in millions of euros; RoS/RoE adjusted in % Q3 2019 Q3 2020 EBIT RoS/RoE EBIT RoS/RoE adjusted adjusted* adjusted adjusted* Daimler Group 3,142 7.4 3,479 8.6 of which Mercedes-Benz Cars & Vans 1,868 7.0 2,417 9.4 Daimler Trucks & Buses 838 7.3
Slide 29: Consolidated Statement of Income (Condensed)
DAIMLER Q3 2020 CONSOLIDATED STATEMENT OF INCOME (CONDENSED) in millions of euros Daimler Group Industrial Business Daimler Mobility Q3 2019 Q3 2020 Q3 2019 Q3 2020 Q3 2019 Q3 2020 Revenue 43,270 40,281 36,184 33,404 7,086 6,877 Cost of sales -34,596 -32,704 -28,416 -26,777 -6,180 -5,927 Gross profi
Slide 30: EBIT of the Industrial Business
DAIMLER Q3 2020 EBIT OF THE INDUSTRIAL BUSINESS in millions of euros Mercedes-Benz Daimler Reconciliation Cars & Vans Trucks & Buses Q3 2019 Q3 2020 Q3 2019 Q3 2020 Q3 2019 Q3 2020 Revenue 26,562 25,818 11,483 9,230 -1,861 -1,644 Cost of sales -21,035 -20,846 -9,253 -7,602 1,872 1,671 Gross profit 5
Slide 31: Reconciliation to CFBIT Adjusted
DAIMLER Q3 2020 RECONCILIATION TO CFBIT ADJUSTED in millions of euros Mercedes-Benz Cars & Vans Daimler Trucks & Buses Q3 2019 Q3 2020 Q3 2019 Q3 2020 CFBIT 1,825 4,617 736 1,142 Legal proceedings and related measures 112 204 – – Restructuring measures – – – – M&A transactions – – – – CFBIT adjusted
Slide 32: Key Balance Sheet and Financial Figures
DAIMLER Q3 2020 KEY BALANCE SHEET AND FINANCIAL FIGURES Daimler Group Dec. 31, 2019 Sept. 30, 2020 Equity ratio 20.5% 20.2% Gross liquidity 27.5 32.6 Funded status of pension obligations -8.4 -11.4 Funding ratio 77% 70% Industrial business Equity ratio 36.7% 33.8% Net liquidity 11.0 13.1 Free cash f
Slide 33: Statement of Financial Position (Condensed)
DAIMLER Q3 2020 STATEMENT OF FINANCIAL POSITION (CONDENSED) in millions of euros Daimler Group Industrial Business Dec. 31, 2019 Sept. 30, 2020 Dec. 31, 2019 Sept. 30, 2020 Intangible assets 15,978 16,430 15,077 15,651 Property, plant and equipment 37,143 35,092 36,782 34,781 Receivables from financ
Slide 34: Financial Flexibility Over a 12-Month Period
DAIMLER Q3 2020 FINANCIAL FLEXIBILITY OVER A 12-MONTH PERIOD in billions of euros 69.6 Bridge loan facility 51.7 Other, incl. Net industrial liquidity at €13.1 billion continues to be at a solid level ABS finance lease potential Commercial Gross industrial liquidity at €29.1 billion paper Credit Ban
Slide 35: Additional Divisional Details
ADDITIONAL DIVISIONAL DETAILS Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020 / Page 35
Slide 36: Mercedes-Benz Cars & Vans Net Assets
MERCEDES-BENZ CARS & VANS NET ASSETS in millions of euros Dec. 31, 2019 Sept. 30, 2020 Intangible assets 13,234 13,913 Property, plant and equipment 27,933 26,506 Inventories 20,959 21,072 Trade receivables 7,556 6,983 Other segment assets 24,808 23,168 Segment assets 94,490 91,642 Xxx Trade payable
Slide 37: Daimler Trucks & Buses Net Assets
DAIMLER TRUCKS & BUSES NET ASSETS in millions of euros Dec. 31, 2019 Sept. 30, 2020 Intangible assets 1,828 1,723 Property, plant and equipment 8,569 7,953 Inventories 7,615 7,572 Trade receivables 3,469 2,923 Other segment assets 6,497 5,698 Segment assets 27,978 25,869 xxx Trade payables 2,847 3,2
Slide 38: Unit Sales
DAIMLER Q3 2020 UNIT SALES in thousands of units Q3 2019 Q3 2020 % change Daimler Group 839.3 772.7 -8 of which Mercedes-Benz Cars 604.7 566.6 -6 Mercedes-Benz Vans 100.3 106.9 +7 Daimler Trucks 125.4 94.1 -25 Daimler Buses 9.0 5.1 -43 Daimler AG Capital Market Presentation Q3 2020 / October 23, 202
Slide 39: Mercedes-Benz Cars Unit Sales by Segments
MERCEDES-BENZ CARS UNIT SALES BY SEGMENTS in thousands of units 605 23 567 7 10 3 smart Sports Cars 197 242 SUVs 18 105 14 S-Class 83 E-Class 110 84 C-Class 145 131 A-/B-Class Q3 2019 Q3 2020 Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020 / Page 39
Slide 40: Mercedes-Benz Cars Unit Sales by Regions
MERCEDES-BENZ CARS UNIT SALES BY REGIONS in thousands of units 605 567 103 71 Rest of world 168 146 Europe (excl. Germany) 84 Germany 85 52 United States 76 173 214 China Q3 2019 Q3 2020 Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020 / Page 40
Slide 41: Mercedes-Benz Cars Unit Sales in China
MERCEDES-BENZ CARS UNIT SALES IN CHINA in thousands of units imported locally produced 678 694 619 127 193 542 488 196 98 400 171 150 567 485 444 423 317 250 2015 2016 2017 2018 2019 2020 YTD 09 Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020 / Page 41
Slide 42: Mercedes-Benz Vans Unit Sales by Region
MERCEDES-BENZ VANS UNIT SALES BY REGION in thousands of units 106.9 100.3 Asia 8.3 10.1 3.2 Latin America 4.4 18.5 North America 14.1 69.3 EU30 65.5 6.2 7.6 RoW Q3 2019 Q3 2020 Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020 / Page 42
Slide 43: Mercedes-Benz Vans Unit Sales by Segments
MERCEDES-BENZ VANS UNIT SALES BY SEGMENTS in thousands of units 106.9 100.3 52.4 58.3 Sprinter 25.3 28.9 Vito 15.8 V-Class 13.8 3.2 X-Class 3.7 1.9 4.0 Citan Q3 2019 Q3 2020 Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020 / Page 43
Slide 44: Trucks Incoming Orders
DAIMLER TRUCKS INCOMING ORDERS* in thousands of units 99.5 92.0 8.9 Rest of world 6.5 24.7 Asia 35.4 8.5 Latin America (excl. Mexico) 12.0 41.6 North America 26.0 12.1 15.8 EU30** Q3 2019 Q3 2020 * Net order intake, adjusted for cancellations ** European Union, United Kingdom, Switzerland and Norway
Slide 45: Trucks Unit Sales by Regions
DAIMLER TRUCKS UNIT SALES BY REGIONS in thousands of units 125 6 34 94 7 Rest of world 12 Asia 22 8 Latin America (excl. Mexico) 53 42 North America 20 EU30* 15 Q3 2019 Q3 2020 * European Union, United Kingdom, Switzerland and Norway Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020
Slide 46: Buses Unit Sales by Regions
DAIMLER BUSES UNIT SALES BY REGIONS in thousands of units 9.0 1.0 1.2 5.1 3.5 0.9 Rest of world 0.5 Latin America (excl. Brazil and Mexico) 0.8 1.6 Brazil 0.2 Mexico 2.5 1.9 EU30* Q3 2019 Q3 2020 * European Union, United Kingdom, Switzerland and Norway Daimler AG Capital Market Presentation Q3 2020
Slide 47: Mobility Contract Volume
DAIMLER MOBILITY CONTRACT VOLUME in billions of euros 162.8 149.8 16.5 19.5 17.0 China 16.9 Africa & Asia-Pacific 59.6 52.6 Americas 41.3 37.9 Europe (excl. Germany) 25.9 25.4 Germany 12/31/2019 9/30/2020 Daimler AG Capital Market Presentation Q3 2020 / October 23, 2020 / Page 47
Slide 48: Mobility Net Credit Losses
DAIMLER MOBILITY NET CREDIT LOSSES* 0.89% 0.83% 0.68% 0.61% 0.50% 0.51% 0.36% 0.43% 0.37% 0.34% 0.31% 0.35% 0.31% 0.24% 0.26% 0.26% 0.21% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 YTD * as a percentage of portfolio, subject to credit risk Daimler AG Capital
Slide 49: Mobility YOUR NOW Joint Ventures
DAIMLER MOBILITY YOUR NOW JOINT VENTURES 1. FREE NOW & REACH NOW 2. SHARE NOW 3. PARK NOW & CHARGE NOW 09/2020 YTD Interactions in millions 279 124 7.9 12.6 134 0.52 Customers* in millions 95.8 47.3 2.1 2.8 43.5 0.09 Cities* >1,100 153 6 16 >1,100 n/a GMV RR in bn € n/a** * Partially, data summation
Slide 50: Disclaimer
DAIMLER Q3 2020 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 identif