Volkswagen Ag · XETR:VOW
Volkswagen — Q1 2020 Earnings Presentation
12 slides from Volkswagen's earnings presentation, Apr 29, 2020
Slide 1: Analyst and Investor Conference 2020
Analyst and Investor Conference 2020 Live INVESTOR and ANALYST Audio Webcast and Conference Call April 29th, 2020
Slide 2: Disclaimer
Disclaimer The following presentations contain forward-looking statements and information on the business development of the Volkswagen Group. These statements may be spoken or written and can be recognized by terms such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimate
Slide 3: Analyst and Investor Conference Q1 2020
Analyst and Investor Conference Q1 2020 Frank Witter Dr. Christian Dahlheim Helen Beckermann Chief Financial Officer Director Group Sales Head of Group Investor Relations Volkswagen AG Volkswagen AG Volkswagen AG 3
Slide 4: Financial Highlights January – March 2020
Financial Highlights January – March 2020 Volkswagen Group’s business sustains a substantial blow from Covid-19 pandemic in first quarter of 2020 Deliveries to Volkswagen Group customers 23.0% down on previous year at 2.0 (2.6) million vehicles; declines especially in Asia-Pacific and Europe Group s
Slide 5: Volkswagen Group – Deliveries to Customers by Brands
Volkswagen Group – Deliveries to Customers by Brands1) (January to March 2020 vs. 2019) [thsd. units] January - March 2019 January - March 2020 Volume Premium Sport & Luxury Truck & Bus -23.0% -24.1 % -21.0 % -4.2 % -19.5 % 3,000 2,606 2,500 2,006 -25.1% 2,000 1,456 1,500 1,092 -21.1% 1,000 -24.3% -
Slide 6: Development World Car Market vs. Volkswagen Group Car Deliveries to Customers
Development World Car Market vs. Volkswagen Group Car Deliveries to Customers1) (Growth y-o-y in deliveries to customers, January to March 2020 vs. 2019) Car Market VW Group Car Market VW Group Car Market VW Group -6.5% -9.3% -13.1% -12.9% -19.5% -27.0% North America (incl. LCV) Western Europe Centr
Slide 7: Volkswagen Group – Analysis of Operating Profit
Volkswagen Group – Analysis of Operating Profit1) (January to March 2020) [€ billion] 5 1.0 -1.1 4 3 -1.8 4.8 2 3.9 -0.1 -0.7 1 -0.3 0.0 0.0 0.9 0 Jan-March Special Items Jan - March Volume/ Exchange Product Costs Fixed Costs Commercial Power Financial Jan - March 2019 2019 Mix/ Prices Rates / Vehic
Slide 8: Volkswagen Group – Analysis by Business Line
Volkswagen Group – Analysis by Business Line1) (January to March 2020) Vehicle sales Sales revenue Operating profit Operating margin thousand vehicles / € million / percentage 2020 2019 2020 2019 2020 2019 2020 2019 Volkswagen Passenger Cars 765 910 18,965 21,538 481 921 2.5 4.3 Audi 268 305 12,454
Slide 9: Automotive Division – Net Cash Flow
Automotive Division – Net Cash Flow1) (January to March 2020) [€ billion] 0 -1.5 -2.5 0.5 -2 0.5 -4 2019 2.0 0.2 0.3 2.5 Net Cash flow Diesel outflow Aquisition and Net Cash flow including Diesel disposal of equity underlying business payments and M&A investments 1) Including allocation of consolida
Slide 10: Automotive Division – Net Cash Flow Development
Automotive Division – Net Cash Flow Development1)2) (January to March 2020) [€ billion] 2 1 1.5 -2.1 0 -1 -2.0 -1.6 -2.5 -2 0.1 -0.5 -3 2019 5.4 -2.0 -1.1 0.0 2.3 -0.3 2.0 Cash flow from Capex Capitalized Other Net cash flow before Acquisition Net Cash flow operating activities development equity an
Slide 11: Automotive Division – Analysis of Net Liquidity
Automotive Division – Analysis of Net Liquidity1) (January to March 2020) [€ billion] 25 -0.5 -0.5 0.0 20 -1.5 -0.1 -0.7 -0.1 15 Net Cash flow (€ -2.5 bn) 10 21.3 17.8 5 0 31.12.2019 Diesel Outflow M&A China Dividend Operating IFRS 16 Fair Value Other 31.03.2020 Business Valuation ²) 1) All figures
Slide 12: Volkswagen Group – Outlook for 2020
Volkswagen Group – Outlook for 2020 +1.3% Deliveries to 10.8 11.0 customers significantly below prior year (‘000 vehicles) 2018 2019 2020 +7.1% Sales revenue 235.8 252.6 (€ billion) significantly below prior year 2018 2019 2020 Operating result severely below prior year Operating 1) 7.3 7.6 1) retur