Bayerische Motoren Werke Ag · XETR:BMW
Bayerische Motoren Werke — BMW Group — Investor Presentation (November 2023)
61 slides from Bayerische Motoren Werke's investor presentation, November 2023
Slide 1: The BMW Group – Rethinking Premium Individual Mobility for the Next 100 Years
THE BMW GROUP – RETHINKING PREMIUM INDIVIDUAL MOBILITY FOR THE NEXT 100 YEARS. INVESTOR RELATIONS PRESENTATION. November 2023. BMW Group Investor Relations | November 2023 -1-
Slide 2: Impact. Strategy. Financials.
WE MAKE INDIVIDUAL MOBILITY MORE HUMAN, INTELLIGENT AND RESPONSIBLE – CREATING AN INSPIRING FUTURE FOR ALL OF US. IMPACT. STRATEGY. FINANCIALS. OUR PATH TO BRANDS PRODUCTS DIGITALIZATION OUR ROBUST THE FUTURE. SUSTAINABILITY FOOTPRINT PEOPLE RESULTS. BMW Group Investor Relations | November 2023 -2-
Slide 3: Impact: Our Path to the Future
IMPACT I STRATEGY I FINANCIALS WE ARE THOUGHT LEADERS AND SET STANDARDS FOR TOMORROW’S INDIVIDUAL MOBILITY MERGING JOY AND RESPONSIBILITY. Outstanding, thrilling, individual mobility products and services for customers worldwide. Powerful innovations and passion to shape a holistically sustainable c
Slide 4: Powerful innovations, passion and financial resilience shape sustainable mobility
IMPACT I STRATEGY I FINANCIALS WE USE OUR POWERFUL INNOVATIONS, OUR PASSION AND OUR FINANCIAL RESILIENCE TO SHAPE THE FUTURE OF SUSTAINABLE MOBILITY. We make individual mobility more human, Social accountable. intelligent and responsible – creating an inspiring future for all of us. Holistic. Cost-
Slide 5: Neue Klasse is the next level mobility in 2025
IMPACT I STRATEGY I FINANCIALS NEUE KLASSE IS THE NEXT LEVEL MOBILITY IN 2025 WHICH DRIVES TRANSFORMATION ON BOTH A PRODUCT AND A COMPANY LEVEL. ELECTRIC. Resolutely optimized for electric drivetrains. Aim of matching range and contribution margins with ICEs. DIGITAL. Completely novel and immersive
Slide 6: Vision Neue Klasse bundles electrification, digitalization and circularity
IMPACT I STRATEGY I FINANCIALS THE VISION NEUE KLASSE BUNDLES BMW'S INNOVATIVE STRENGTH IN THE CORE AREAS OF ELECTRIFICATION, DIGITALIZATION AND CIRCULARITY. Major technological leap. Optimization of weight, air and rolling resistance as well as intelligent heat management. Wheels, brakes and tire
Slide 7: Strategy: Brands and Products
IMPACT I STRATEGY I FINANCIALS THE BMW GROUP SETS ICONIC IMPULSES BY RETHINKING PREMIUM INDIVIDUAL MOBILITY CONSTANTLY AND DISTINCTIVELY FOR ALL ITS BRANDS. Strong brand design to transform customers’ dreams into reality, today and in the future. Focus on electrification – in chorus with demand-orie
Slide 8: We are more than the sum of the brands
IMPACT I STRATEGY I FINANCIALS WE ARE MORE THAN THE SUM OF THE BRANDS AND OUR BRANDS ARE STRONG ASSETS WHICH WE EVOLVE IN AN EVER-CHANGING WORLD. FREUDE BIG LOVE INSPIRING MAKE LIFE FOREVER GREATNESS A RIDE The emotional premium The most loved urban The pinnacle The premium car brand ensuring small
Slide 9: Inspiring premium vehicles across powertrains
IMPACT I STRATEGY I FINANCIALS WE DESIGN INSPIRING PREMIUM VEHICLES WITH AUTHENTIC, EMOTIONAL CHARACTER THAT PROVIDE DEMAND-ORIENTED OFFERS ACROSS POWERTRAINS. Luxury BMW 7 Series Protection Rolls-Royce Spectre BEV BMW X6 M BMW X5 L BMW i7 Protection1 Executive BMW X5 M BMW X6 BMW 5 Series BMW 5 Ser
Slide 10: MINI and Rolls-Royce go all-electric from 2030
IMPACT I STRATEGY I FINANCIALS MINI AND ROLLS-ROYCE WILL GO ALL-ELECTRIC FROM 2030 AND TRANSFORM THE BRANDS TO FULFILL THEIR INDIVIDUAL CUSTOMERS’ NEEDS. The most loved urban small car brand. Predominantly used for urban driving, the all-electric MINIs offer fun-filled MINI spirit avoiding restricti
Slide 11: Family of battery-electric vehicles in all major segments
IMPACT I STRATEGY I FINANCIALS WE HAVE A COMPELLING FAMILY OF BATTERY-ELECTRIC VEHICLES WITH AT LEAST ONE BEV MODEL AVAILABLE IN ALL MAJOR SEGMENTS. since Pioneer 2013. We almost doubled sales of all-electric cars (BEVs) from January to September 2023 (+93%). Overall in 2023 we continue targeting 15
Slide 12: Step change with each battery generation
IMPACT I STRATEGY I FINANCIALS WE MAKE A STEP CHANGE WITH EACH BATTERY GENERATION AND THE NEXT WILL BE CO2-REDUCED, RESOURCE-EFFICIENT AND AT MUCH LOWER COST. We took the strategic decision to introduce a cylindrical battery cell design for our 6th generation coming in 2025. +30% range -30% charging
Slide 13: Combination of fuel cell and battery power
IMPACT I STRATEGY I FINANCIALS WE FOCUS ON A COMBINATION OF FUEL CELL AND BATTERY POWER TO GUARANTEE EVEN STRONGER PERFORMANCE. Zero emission. Great acceleration. H2. Our fuel cell powertrain addresses customer groups with mobility needs that cannot fully be met by battery electric vehicles. We syst
Slide 14: Strategy: Digitalization and Sustainability
IMPACT I STRATEGY I FINANCIALS THE BMW GROUP SETS STANDARDS IN DIGITALIZATION, VEHICLE CONNECTIVITY AND HOLISTIC RESOURCE MANAGEMENT. Comprehensive and intuitive user interfaces and state-of-the-art software development. Leader in the OTA1 upgrade business with the world’s largest fully upgradeable
Slide 15: Vehicle user experience without compromise
IMPACT I STRATEGY I FINANCIALS OUR VEHICLE USER EXPERIENCE IS WITHOUT COMPROMISE AND GIVES OUR CUSTOMERS THE FULL CONTROL. BMW Group Investor Relations | November 2023 - 15 -
Slide 16: Digital car tech stack shows full control over software
IMPACT I STRATEGY I FINANCIALS OUR CURRENT DIGITAL CAR TECH STACK CLEARLY SHOWS OUR FULL CONTROL OVER THE SOFTWARE PLATFORMS FOR SEVERAL GENERATIONS ALREADY. Infotainment ADAS Driving / Body Connected > 20 million BMW Group Platform vehicles connected to BMW Cloud. Gen 3 Offboard Onboard Cloud BMW /
Slide 17: Differentiated digital offer based on new user interface
IMPACT I STRATEGY I FINANCIALS WE WILL DELIVER A DIFFERENTIATED DIGITAL OFFER TO INDIVIDUALS BASED ON A COMMON DIGITAL OPERATING LOGIC USING OUR NEW USER INTERFACE. Touch optimized. Intuitive. Comprehensive. We are continuously improving our infotainment HMI1 - no matter whether compact, middle or u
Slide 18: BMW Operating Systems technology packages
IMPACT I STRATEGY I FINANCIALS OUR BMW OPERATING SYSTEMS ARE THE MOST POWERFUL, COMPREHENSIVE TECHNOLOGY PACKAGES EVER DEVELOPED BY BMW. The Neue Klasse will set Optimized third-party the benchmark for a integration and market holistic user experience specific offering, featured by the from Amazon F
Slide 19: Largest upgradeable fleet in the world
IMPACT I STRATEGY I FINANCIALS WE HAVE THE LARGEST UPGRADEABLE FLEET IN THE WORLD, LEADING THE WAY INTO THE AGE OF OVER-THE-AIR UPDATES SINCE 2019. More than 5 million reachable cars globally for 30+ models including all powertrains (ICE, PHEV, BEV) and variants. > 100 feature and quality improvemen
Slide 20: Largest connected fleet reaches almost 20 million vehicles
IMPACT I STRATEGY I FINANCIALS OUR CONNECTED FLEET IS THE LARGEST IN THE WORLD AND REACHES ALMOST 20 MILLION VEHICLES IN 50 COUNTRIES, SENDING 10 BN REQUESTS EVERY DAY. Data protection. Established. Superior. We focus on improved customer experience and scalable cloud technologies which safeguard th
Slide 21: Strong history in driver assistance development
IMPACT I STRATEGY I FINANCIALS WE HAVE A STRONG HISTORY IN DRIVER ASSISTANCE DEVELOPMENT AND ALWAYS FOCUS ON SAFETY AND CUSTOMER BENEFITS. BMW Group Investor Relations | November 2023 - 22 -
Slide 22: Software updates maintain competitiveness
IMPACT I STRATEGY I FINANCIALS OUR SYSTEMATICALLY DEVELOPED SOFTWARE UPDATES MAINTAIN OUR COMPETITIVENESS TO DELIVER THE BEST MANAGED DEVICE. Pioneer. We are the first automaker to be approved for hands-free driving up to 130km/h (85 mph) in Germany improving driver comfort on long-distance drives.
Slide 23: Largest test site in Sokolov
IMPACT I STRATEGY I FINANCIALS OUR LARGEST TEST SITE IN SOKOLOV IS 600 HECTARES & ALLOWS US TO DEVELOP THE BEST AUTOMATED DRIVING INNOVATIONS FOR OUR CUSTOMERS GLOBALLY. Customer-oriented. 100 % green electricity. Reliable. The Future Mobility Development Center in Czech Republic offers the best rea
Slide 24: Customer centricity to the next level
IMPACT I STRATEGY I FINANCIALS WE TAKE CUSTOMER CENTRICITY TO THE NEXT LEVEL AND DELIVER ON POINT TO THE WIDE RANGE OF MARKET DESIRES. BMW Group Investor Relations | November 2023 - 25 -
Slide 25: Best-in-class customer experience and sales model transformation
IMPACT I STRATEGY I FINANCIALS OUR CUSTOMER EXPERIENCE IS BEST-IN-CLASS AND WE WILL TRANSFORM OUR SALES MODEL WHILE LEVERAGING OUR STRONG DEALER NETWORK. Phygital. Online. Offline. C We enrich the premium customer experience through direct customer access. At the same time we improve price realizati
Slide 26: My BMW and MINI App with more than 10 million active users
IMPACT I STRATEGY I FINANCIALS OUR MY BMW AND MINI APP ARE AVAILABLE IN > 50 MARKETS AND HAVE ALREADY MORE THAN 10 MILLION ACTIVE USERS. Clever features, practical services, and helpful tips used by 2 million customers even on a daily basis. The My BMW & MINI App… Figures: … is the ultimate indispen
Slide 27: Worldwide charging infrastructure strategy
IMPACT I STRATEGY I FINANCIALS OUR WORLDWIDE CHARGING INFRASTRUCTURE STRATEGY LEVERAGES MULTIPLE SOLUTIONS TO DELIVER REACH AND PERFORMANCE IN THE CHARGING NETWORK. Europe. 29 countries. >560,000 charge points. Every <120 km. Our network has the right type of charger ready for our customers. We aggr
Slide 28: Circularity as a key enabler to CO2 targets
IMPACT I STRATEGY I FINANCIALS WE PIONEER INNOVATION IN THE AUTOMOTIVE INDUSTRY AND VIEW CIRCULARITY AS A KEY ENABLER TO ACHIEVING CO2 TARGETS. BMW Group Investor Relations | November 2023 - 29 -
Slide 29: Focus on circular economy to reduce CO2 emissions
IMPACT I STRATEGY I FINANCIALS WE INTENSELY FOCUS ON CIRCULAR ECONOMY TO SIGNIFICANTLY REDUCE CO2 EMISSIONS WITH CLOSED-LOOPED CYCLES AND CROSS-INDUSTRY APPROACHES. RE:THINK. We keep circularity in mind during all our deliberations. RE:DUCE. Using less to achieve more, wherever and however we can. R
Slide 30: Sustainability 360° approach across the vehicle lifecycle
IMPACT I STRATEGY I FINANCIALS OUR SUSTAINABILITY 360° APPROACH ALLOWS TREMENDOUS CO2 REDUCTION ACROSS THE VEHICLE LIFECYCLE BY 2030. Supply chain. (Scope 3 up) Use phase. (Scope 3 down) Preventing infringements Minimum -50% CO2 per on environmental, social vehicle through standards and reducing ele
Slide 31: Committed to the 1.5°C target and transparency
IMPACT I STRATEGY I FINANCIALS WE ARE COMMITTED TO ACHIEVING THE 1.5°C TARGET AND OUR INTEGRATED REPORT AND ADDITIONAL VOLUNTARY REPORTS OFFER BROAD TRANSPARENCY. Green. Leading. Transparent. The BMW Group was the first German carmaker to join the “Business Ambition for 1.5°C” and commits to achieve
Slide 32: Protect natural resources and safeguard critical raw materials
IMPACT I STRATEGY I FINANCIALS WE PROTECT NATURAL RESOURCES, SAFEGUARD CRITICAL RAW MATERIALS AND USE GREEN ENERGY WORLDWIDE. Lithium. Cobalt. Startup cooperation and Direct sourcing from investments for efficient and certified mines in Australia sustainable lithium and Morocco. extraction through B
Slide 33: Strategy: Footprint and People
IMPACT I STRATEGY I FINANCIALS THE BMW GROUP HAS OUTSTANDING PRODUCTION SKILLS THAT ARE EFFICIENT, PRECISE AND FLEXIBLE AS WELL AS RESOURCE-EFFICIENT AND DIGITAL. High flexibility, continuous transformation and successful tech partnerships. Balanced worldwide production investing smartly in electrom
Slide 34: BMW iFactory gives direction in the transformation
IMPACT I STRATEGY I FINANCIALS OUR BMW iFACTORY GIVES US DIRECTION IN THE TRANSFORMATION AND IS THE ANSWER FOR IMPLEMENTATION IN OUR PLANTS WORLDWIDE. BMW Group Investor Relations | November 2023 - 35 -
Slide 35: Partnering with tech players to drive end-to-end digitalization
IMPACT I STRATEGY I FINANCIALS WE PARTNER WITH LEADING TECH PLAYERS, CONSTANTLY DRIVING END-TO-END DIGITALIZATION BASED ON LEAN PROCESSES AND SCALABLE SOLUTIONS. Virtualization. A collaborative revolution Smart transport making planning processes robots. more efficient and modellable Innovative robo
Slide 36: Balanced worldwide footprint of over 30 production sites
IMPACT I STRATEGY I FINANCIALS OUR PERFECTLY BALANCED WORLDWIDE FOOTPRINT COMPRISES > 30 PRODUCTION SITES ON 4 CONTINENTS WITH 77,000 EMPLOYEES. Germany Legend Dingolfing BMW Group vehicle plant München United Kingdom Motorcycle plant Electric models Regensburg Oxford Leipzig Austria Goodwood Berlin
Slide 37: Entire battery value chain with top 3 patents
IMPACT I STRATEGY I FINANCIALS WE FOCUS ON THE ENTIRE BATTERY VALUE CHAIN AND ENSURE HIGHEST TRANSPARENCY, FLEXIBILITY AND KNOW-HOW. WE ARE TOP 3 WITH 175 PATENTS.1 Battery cell factory strategy. We leverage in-house expertise to provide maximum support for industrialization and ramp-up our partner
Slide 38: High-voltage battery production network grows to ten facilities
IMPACT I STRATEGY I FINANCIALS OUR PRODUCTION NETWORK FOR HIGH-VOLTAGE BATTERIES GROWS TO TEN PRODUCTION FACILITIES FOR OUR 6TH GENERATION. We produce the high-voltage batteries in accordance with the "local for local" principle with proximity to BMW Group production sites. Our production sites are
Slide 39: Encourage associates to develop their full potential
IMPACT I STRATEGY I FINANCIALS WE ENCOURAGE OUR ASSOCIATES TO DEVELOP THEIR FULL POTENTIAL AND STRIVE FOR THE BEST POSSIBLE RESULTS AS A TEAM. BMW Group Investor Relations | November 2023 - 40 -
Slide 40: Employee skills are the basis to master the transformation
IMPACT I STRATEGY I FINANCIALS OUR EMPLOYEE’S SKILLS ARE THE BASIS TO MASTER THE TRANSFORMATION. HENCE, WE CONTINUOUSLY DEVELOP THEM AND ATTRACT NEW TALENTS. Strong cooperations with leading universities, other companies, tech partners and through platforms allow early retention of qualified junior
Slide 41: Excellent software engineers
IMPACT I STRATEGY I FINANCIALS WE HAVE EXCELLENT SOFTWARE ENGINEERS WITH A DEEP UNDERSTANDING OF MOBILITY AND THE NECESSARY MEANS TO IMPLEMENTATION CHANGE. Global. State-of- the-art. Demand-driven. We have developed software in-house at BMW for over 20 years and complement this with joint ventures t
Slide 42: Strong balance sheet, credit ratings and stakeholder returns
IMPACT I STRATEGY I FINANCIALS THE BMW GROUP OFFERS A STRONG BALANCE SHEET, INDUSTRY-LEADING CREDIT RATINGS AND RELIABLE STAKEHOLDER RETURNS. Solid 8 – 10% Auto EBIT margin. Consistently reliable dividend payout ratio to shareholders of 30-40%. Stringent capital management and business focus through
Slide 43: No. 1 position in global premium segment
IMPACT I STRATEGY I FINANCIALS WE KEEP OUR NO. 1 POSITION IN GLOBAL PREMIUM SEGMENT MAINTAINING PROFITABLE GROWTH COURSE WITH ALL BRANDS. BMW Group total vehicle deliveries [in thousand units]. 2,486 2,538 2,522 2,325 2,400 1,837 Expectation 2023. Solid increase in deliveries and 2018 2019 2020 2021
Slide 44: Leading German OEMs in BEV sales
IMPACT I STRATEGY I FINANCIALS WE ARE LEADING THE WAY AMONG GERMAN OEMS IN THE SALES OF BATTERY ELECTRIC VEHICLES. BMW Group total deliveries of BEVs [in units]. +107.8% 246,867 215,752 +92.6% y-o-y +133.2% +14.1% +12.7% 103,854 39,519 44,541 Next milestones of 34,623 BEV total sales. 2023: 15% I 20
Slide 45: Globally balanced footprint across more than 140 markets
OUR GLOBALLY BALANCED FOOTPRINT ALLOWED US TO REACT FLEXIBLY TO DEVELOPMENTS ACROSS >140 MARKETS IN THE PERIOD JANUARY TO SEPT. 2023. EUROPE. MAINLAND CHINA. Global sales share 670,999 sales units 37% 33% 603,920 sales units +6.4% +1.7% AMERICAS. 19% 11% REST OF WORLD. 339,468 sales units 222,176 sa
Slide 46: Strong EBIT and EBIT margin in the automotive segment
IMPACT I STRATEGY I FINANCIALS WE DELIVER STRONG EBIT & EBIT MARGIN IN THE AUTOMOTIVE SEGMENT IN A COMPETITIVE AND OFTEN VOLATILE BUSINESS ENVIRONMENT. EBIT automotive segment [in m€] I EBIT margin [in %]. 12.0% 16,000 10.8% 11.2%4 3 10.3% 10.3% 14,000 9.4% 9.6% 9.2% 9.2% 10.0% 8.9% 8.6% 12,000 7.2%
Slide 47: BMW Motorrad segment record deliveries
IMPACT I STRATEGY I FINANCIALS BMW MOTORRAD SEGMENT WITH RECORD IN DELIVERIES IN 2022. STRONG EARNINGS ACHIEVED FOR THE PERIOD JANUARY TO SEPTEMBER 2023. Retail sales volume [in ’000 units]. EBIT [in m€] I EBIT margin [in %]. 12.0% 9.1% 9.0% 9.1% 8.1% 8.2% 8.3% 8.1% 308 6.7% 4.5% 5.3% 257 +91% 6.0%
Slide 48: BMW Group Financial Services contribution to profit
IMPACT I STRATEGY I FINANCIALS BMW GROUP FINANCIAL SERVICES CONTRIBUTES SIGNIFICANTLY TO THE BMW GROUP PROFIT, SERVICING ~5.2 MILLION RETAIL CONTRACTS IN > 50 COUNTRIES. 14% 18% BMW Group Financial Serviced Retail CHINA EU BANK Services Portfolio Size Contracts 8% APAC € 104.5 bn 5.2 mn W/O CHINA 24
Slide 49: Financial Services earnings high, credit loss ratio low
IMPACT I STRATEGY I FINANCIALS FINANCIAL SERVICES’ EARNINGS REMAIN HIGH WHILE CREDIT LOSS RATIO CONTINUES TO REMAIN AT AN HISTORICALLY LOW LEVEL. Credit loss ratio [in %]. EBT Financial Services [in m€] I Return on Equity [in %]. 5,000 21.2 21.2 22.6 20.0 20.2 19.4 18.9 4,500 18.1 17.9 2 4,000 3,753
Slide 50: Well diversified funding mix
IMPACT I STRATEGY I FINANCIALS OUR FUNDING MIX WITH A COMBINATION OF INDUSTRY AND BANK-TYPICAL FINANCING INSTRUMENTS IS WELL DIVERSIFIED. Financial liabilities as of 12/22 [in bn€]. Our approach. Continuing to target a Derivative varied debt structure. Other Lease Liabilities Instruments 0.7 3.2 5.0
Slide 51: Treasury organization ensures 24 hour global market access
IMPACT I STRATEGY I FINANCIALS OUR BMW GROUP TREASURY ORGANIZATION ENSURES 24 HOUR GLOBAL MARKET ACCESS AND COVERAGE. € 50 bn EMTN Program Stand Alone Bonds € 5 bn & € 2 bn French CP Program Panda Bonds Asset Backed Securities Asset Backed Securities Asset Backed Securities BMW Bank Group of Institu
Slide 52: Strong earnings January to September 2023
IMPACT I STRATEGY I FINANCIALS WE HAVE ACHIEVED STRONG EARNINGS IN THE PERIOD JANUARY TO SEPTEMBER 2023. 2022 EARNINGS BOLSTERED BY THE CONSOLIDATION OF OUR CHINESE JOINT VENTURE. BMW Group EBT [in m€] I EBT margin [in %]. Expectation 2023. 30,000 16.5% 18.0% Group EBT to decrease 14.4% 16.0% signif
Slide 53: Capital expenditure and capex ratio
IMPACT I STRATEGY I FINANCIALS OUR PRODUCTION NETWORK IS PREPARED FOR FURTHER ELECTRIFICATION, SOLID LEVEL OF CAPEX ENSURES THE FUTURE VIABILITY OF OUR BUSINESS. BMW Group capital expenditure [in m€] I Capex ratio [in %]. 6.0% 5.4% 5.5% 10,000 5.2% 5.0% 4.5% 4.5% 7,791 8,000 4.0% 4.0% 6,000 5,650 5,
Slide 54: R&D expenditure remains at a high level
IMPACT I STRATEGY I FINANCIALS OUR R&D EXPENDITURE REMAINS AT A HIGH LEVEL, WITH A PRIORITY ON FUTURE TECHNOLOGIES TO DRIVE INNOVATION IN THE INDUSTRY. R&D expenditure [in m€, HGB] I R&D ratio [in %]. 8.0% 14,000 7.1% 7.0% 6.2% 6.3% 6.2% 12,000 6.0% 10,000 5.0% 4.6% 5.0% 8,000 6,890 6,870 7,178 6,41
Slide 55: Robust free cash flow generation
IMPACT I STRATEGY I FINANCIALS ROBUST FREE CASH FLOW GENERATION FULLY FUNDS FUTURE INNOVATIONS AND ADDITIONALLY DELIVERS ATTRACTIVE SHAREHOLDER RETURNS. Free cash flow automotive segment [in m€]. 11,071 6,354 5,792 5,759 5,404 4,459 3,809 3,481 3,395 3,003 2,713 2,567 Expectation 2023. FCF > 6 bn. €
Slide 56: Consistently reliable dividend payouts
IMPACT I STRATEGY I FINANCIALS OUR SOLID OPERATING BUSINESS PERFORMANCE ENABLES CONSISTENTLY RELIABLE DIVIDEND PAYOUTS TO OUR SHAREHOLDERS. 8,000 50 Total dividend payout to BMW AG shareholders [in m€]. 45 7,000 Payout ratio [in %]. 1 40 6,000 32.7 32.9 33.3 32.8 32.5 5,430 35 32.1 32 32 30.3 30.7 5
Slide 57: Continuing share buyback activities
IMPACT I STRATEGY I FINANCIALS WE STRONGLY FOCUS ON SHAREHOLDER RETURNS BY CONTINUING OUR SHARE BUYBACK ACTIVITIES. AGM authorization in May 2022. Up to 10% of share capital can be acquired by 05/2027. Share Buyback Program 1. € 2bn share buyback executed from 07/2022 until 06/2023. Strategic guidan
Slide 58: Steering towards profitability and efficiencies in 2023
IMPACT I STRATEGY I FINANCIALS WE ARE STEERING THE COMPANY TOWARDS PROFITABILITY AND LEVERAGING EFFICIENCIES IN 2023. BMW Group. Segment Segment Segment Automotive. Motorcycle. Financial Services. Profit before tax. Deliveries. Deliveries. Return on Equity. Significant decrease. Solid increase. Slig
Slide 59: Neue Klasse 2025. Our next level mobility.
NEUE KLASSE 2025. OUR NEXT LEVEL MOBILITY. BMW Group Investor Relations | November 2023 - 60 -
Slide 60: Investor Relations team contact
OUR INVESTOR RELATIONS TEAM IS HAPPY TO ASSIST WITH FURTHER INFORMATION AT ANY TIME. IR Contact Adam Sykes BMW Group Investor Relations Vice President Petuelring 130 | 80788 Munich Investor Relations ir@bmwgroup.com http://www.bmwgroup.com/ir I +49-89-382-25387 Alejandro Daniela Andreas Aguiar Pardi
Slide 61: Disclaimer
DISCLAIMER. This document contains forward-looking statements that reflect BMW Group’s 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 forwa