Bayerische Motoren Werke Ag · XETR:BMW
Bayerische Motoren Werke — Bayerische Motoren Werke Aktiengesellschaft — Q3 2021 Earnings Presentation
36 slides from Bayerische Motoren Werke's earnings presentation, Nov 3, 2021
Slide 1: Quarterly Statement 30 September 2021
QUARTERLY STATEMENT 30 September 2021
Slide 2: Contents
BMW Group Contents 2 Quarterly Statement 2021 CONTENTS 11 INTERIM GROUP M ANAGEMENT REPORT 12 Report on Economic Position 12 General Economic Environment 12 Group Overview 16 Automotive Segment 22 Financial Services Segment 23 Other Entities Segment and E liminations 24 Report on Outlook, Risks
Slide 3: Contents: Interim Group Financial Statements
BMW Group Contents 3 Quarterly Statement 2021 28 INTERIM GROUP F INANCIAL STATEMENTS 29 Income Statement for Group and Segments for the period from 1 January to 30 September 30 Income Statement for Group and Segments for the period from 1 July to 30 September 31 Balance Sheet for Group and S
Slide 4: BMW Group at a Glance
BMW Group BMW Group at a Glance 4 Quarterly Statement 2021 BMW GROUP AT A GLANCE 5 BMW Group in Figures
Slide 5: BMW Group in Figures: Key Performance Indicators
BMW Group BMW Group at a Glance 5 Quarterly Statement 2021 BMW Group in Figures BMW GROUP IN FIGURES KEY PERFORMANCE INDICATORS 3rd quarter 2021 3rd quarter 2020 Change in % GROUP Profit before tax € million 3,417 2,464 38.7 AUTOMOTIVE SEGMENT Deliveries 1, 2 units 593,177 675,592 – 12.2 Share of
Slide 6: Further Performance Figures, 3rd Quarter 2021
BMW Group BMW Group at a Glance 6 Quarterly Statement 2021 BMW Group in Figures FURTHER PERFORMANCE FIGURES 3rd quarter 2021 3rd quarter 2020 Change in % AUTOMOTIVE SEGMENT Deliveries 1 BMW 2 units 524,858 585,239 – 10.3 MINI units 66,990 89,262 – 25.0 Rolls-Royce units 1,329 1,091 21.8 Total 2 uni
Slide 7: Further Performance Figures: Revenues and Earnings, Q3
BMW Group BMW Group at a Glance 7 Quarterly Statement 2021 BMW Group in Figures FURTHER PERFORMANCE FIGURES 3rd quarter 2021 3rd quarter 2020 Change in % Free cash flow Automotive segment € million 1,397 3,065 – 54.4 Group revenues € million 27,471 26,283 4.5 Automotive € million 22,628 21,962 3.0
Slide 8: Key Performance Indicators, January to September
BMW Group BMW Group at a Glance 8 Quarterly Statement 2021 BMW Group in Figures KEY PERFORMANCE INDICATORS 1 January to 1 January to 30 September 2021 30 September 2020 Change in % GROUP Profit before tax € million 13,153 2,962 – AUTOMOTIVE SEGMENT Deliveries 1, 2 units 1,932,224 1,638,167 18.0 Sha
Slide 9: Further Performance Figures: Deliveries, Nine Months
BMW Group BMW Group at a Glance 9 Quarterly Statement 2021 BMW Group in Figures FURTHER PERFORMANCE FIGURES 1 January to 1 January to 30 September 2021 30 September 2020 Change in % AUTOMOTIVE SEGMENT Deliveries 1 BMW 2 units 1,703,068 1,427,392 19.3 MINI units 224,838 208,124 8.0 Rolls-Royce units
Slide 10: Further Performance Figures: Revenues and Earnings, Nine Months
BMW Group BMW Group at a Glance 10 Quarterly Statement 2021 BMW Group in Figures FURTHER PERFORMANCE FIGURES 1 January to 1 January to 30 September 2021 30 September 2020 Change in % Free cash flow Automotive segment € million 6,299 552 – Group revenues € million 82,831 69,508 19.2 Automotive € mil
Slide 11: Interim Group Management Report
BMW Group Interim Group Management Report 11 Quarterly Statement 2021 INTERIM GROUP M ANAGEMENT REPORT 12 Report on Economic Position 12 General Economic Environment 12 Group Overview 16 Automotive Segment 22 Financial Services Segment 23 Other Entities Segment and Eliminations 24 Report on Outlo
Slide 12: Report on Economic Position: Group Overview
BMW Group Interim Group Management Report 12 Quarterly Statement 2021 Report on Economic Position REPORT ON GENERAL ECONOMIC ENVIRONMENT GROUP OVERVIEW E CONOMIC POSITION International automobile markets recovered in the period from January to September 2021 compared with one year earlier. However
Slide 13: Electrification and Group Earnings
BMW Group Interim Group Management Report 13 Quarterly Statement 2021 Report on Economic Position The increasing scope of electrification within the ANTITRUST INVESTIGATION AGAINST CARMAKERS: GROUP EARNINGS IMPROVE SIGNIFICANTLY BMW Group's model range and continued strong de- EU COMMISSION DROPS M
Slide 14: Cost of Sales and Group Profit Development
BMW Group Interim Group Management Report 14 Quarterly Statement 2021 Report on Economic Position in cost of sales. Reversals of and lower allocations to credit automated driving. Higher research and development rates in the previous year had caused the fair values of risk allowances had an offsett
Slide 15: Financing Activities and Research and Development Expenses
BMW Group Interim Group Management Report 15 Quarterly Statement 2021 Report on Economic Position FINANCING ACTIVITIES BMW GROUP PERFORMANCE INDICATORS RELATING TO RESEARCH AND DEVELOPMENT EXPENSES During the nine-month period to 30 September 2021, the BMW Group issued bonds totalling approximately
Slide 16: Automotive Segment
BMW Group Interim Group Management Report 16 Quarterly Statement 2021 Report on Economic Position AUTOMOTIVE SEGMENT SHARP RISE IN AUTOMOBILE SALES Despite the persisting adverse factors, particularly 3rd quarter 2021 3rd quarter 2020 Change in % relating to semiconductor component supplies, the BM
Slide 17: Deliveries of Electrified Models
BMW Group Interim Group Management Report 17 Quarterly Statement 2021 Report on Economic Position The dynamic upward trend in business with elec- proportion of electrified vehicles to total deliveries dur- BMW GROUP DELIVERIES OF ELECTRIFIED MODELS trified vehicles underlines the growing importance
Slide 18: Sales by Region: Americas and Asia
BMW Group Interim Group Management Report 18 Quarterly Statement 2021 Report on Economic Position In the Americas, the BMW Group continued to Against the backdrop of limited semiconductor perform well, with third-quarter sales up by 6.1 % to availability, third-quarter deliveries in Asia also fell
Slide 19: BMW Brand Deliveries by Model Series
BMW Group Interim Group Management Report 19 Quarterly Statement 2021 Report on Economic Position BMW BRAND – DELIVERIES BY MODEL SERIES ROLLS-ROYCE DELIVERIES WELL UP ON PREVIOUS YEAR 1 January to 1 January to in units 30 September 2021 30 September 2020 ¹ Change in % Rolls-Royce Motor Cars also c
Slide 20: Automotive Segment Earnings and Cost of Sales
BMW Group Interim Group Management Report 20 Quarterly Statement 2021 Report on Economic Position The benefits of higher selling prices and improved The higher net positive amount of other operating in- AUTOMOTIVE SEGMENT FREE CASH FLOW FOR THE residual values described above were sufficient to com
Slide 21: Automotive Segment Free Cash Flow and Net Financial Assets
BMW Group Interim Group Management Report 21 Quarterly Statement 2021 Report on Economic Position AUTOMOTIVE SEGMENT FREE CASH FLOW FOR THE PERIOD 1 JANUARY TO 30 SEPTEMBER in € million 2021 2020 Change Cash inflow (+) / outflow (–) from operating activities 10,187 3,047 7,140 Cash inflow (+) / out
Slide 22: Financial Services Segment
BMW Group Interim Group Management Report 22 Quarterly Statement 2021 Report on Economic Position FINANCIAL SERVICES SEGMENT FINANCIAL SERVICES SEGMENT ON A COURSE FOR SUCCESS 3rd quarter 2021 3rd quarter 2020 Change in % The Financial Services segment can look back with satisfaction on a highly su
Slide 23: Financial Services: Credit Financing, Leasing and Fleet Business
BMW Group Interim Group Management Report 23 Quarterly Statement 2021 Report on Economic Position Over the nine-month period, credit financing accounted FLEET BUSINESS SLIGHTLY DOWN YEAR ON YEAR third quarter, leading to a further increase in the residual for 68.4 % and leasing for 31.6 % of new co
Slide 24: Report on Outlook, Risks and Opportunities
BMW Group Interim Group Management Report 24 Quarterly Statement 2021 Report on Outlook, Risks and Opportunities REPORT ON OUT- INTERNATIONAL AUTOMOBILE MARKETS OUTLOOK FOR THE BMW GROUP – ASSUMPTIONS USED IN THE OUTLOOK LOOK, RISKS AND Following the slump in the global economy last year, the Inter
Slide 25: Outlook: Semiconductor Supply and Segment Forecasts
BMW Group Interim Group Management Report 25 Quarterly Statement 2021 Report on Outlook, Risks and Opportunities The supply bottlenecks currently occurring on in- The Automotive segment is forecast to record a solid in the first quarter: 12 to 15 %, forecast updated in the ternational semiconductor
Slide 26: BMW Group Key Performance Indicators Outlook
BMW Group Interim Group Management Report 26 Quarterly Statement 2021 Report on Outlook, Risks and Opportunities BMW GROUP – KEY PERFORMANCE INDICATORS Based on current knowledge and assessments, the outlook for the key performance indicators of the BMW Group for the full year 2021 are as follows:
Slide 27: Risks and Opportunities
BMW Group Interim Group Management Report 27 Quarterly Statement 2021 Report on Outlook, Risks and Opportunities As a globally operating enterprise, the BMW Group The prices of raw materials on commodity markets is exposed to a broad range of risks, which can also give continue to be subject to a h
Slide 28: Interim Group Financial Statements
BMW Group Interim Group Financial Statements 28 Quarterly Statement 2021 INTERIM GROUP F INANCIAL STATEMENTS 29 Income Statement for Group and S egments f or the period from 1 January to 30 September 30 Income Statement for Group and S egments for the period from 1 July to 30 September 31 B
Slide 29: Income Statement for Group and Segments, 1 January to 30 September
BMW Group Interim Group Financial Statements 29 Quarterly Statement 2021 Income Statement for Group and S egments for the period from 1 January to 30 September INCOME STATEMENT FOR GROUP A ND S EGMENTS FOR THE PERIOD FROM 1 JANUARY TO 30 SEPTEMBER Group Automotive Motorcycles Financial Serv
Slide 30: Income Statement for Group and Segments, 1 July to 30 September
BMW Group Interim Group Financial Statements 30 Quarterly Statement 2021 Income Statement for Group and Segments for the period from 1 July to 30 September INCOME STATEMENT FOR GROUP AND S EGMENTS FOR THE PERIOD FROM 1 JULY TO 30 S EPTEMBER Group Automotive Motorcycles Financial Services Other
Slide 31: Balance Sheet for Group and Segments (Assets)
BMW Group Interim Group Financial Statements 31 Quarterly Statement 2021 Balance Sheet for Group and Segments BALANCE SHEET FOR GROUP AND S EGMENTS Group Automotive Motorcycles Financial Services Other Entities Eliminations in € million 30. 9. 2021 31. 12. 2020 30. 9. 2021 31. 12. 2020 30. 9. 202
Slide 32: Balance Sheet for Group and Segments (Equity and Liabilities)
BMW Group Interim Group Financial Statements 32 Quarterly Statement 2021 Balance Sheet for Group and Segments Group Automotive Motorcycles Financial Services Other Entities Eliminations in € million 30. 9. 2021 31. 12. 2020 30. 9. 2021 31. 12. 2020 30. 9. 2021 31. 12. 2020 30. 9. 2021 31. 12. 2020
Slide 33: Condensed Cash Flow Statement for Group and Segments
BMW Group Interim Group Financial Statements 33 Quarterly Statement 2021 Condensed Cash Flow Statement for Group and Segments for the Period from 1 January to 30 September CONDENSED CASH FLOW STATEMENT FOR GROUP AND SEGMENTS FOR THE PERIOD FROM 1 JANUARY TO 30 SEPTEMBER Group Automotive Financial Se
Slide 34: Other Information
BMW Group Other Information 34 Quarterly Statement 2021 OTHER INFORMATION 35 Fuel Consumption and CO2 Emissions Information 36 Contacts
Slide 35: Fuel Consumption and CO2 Emissions Information
BMW Group Other Information 35 Quarterly Statement 2021 Fuel Consumption and CO₂ Emissions Information FUEL CONSUMPTION AND CO 2 EMISSIONS INFORMATION Figures according to WLTP Figures according to NEFZ Electricity power Electricity power Fuel consumption CO₂ emissions consumption Fuel consumption
Slide 36: Contacts
BMW Group Other Information 36 Quarterly Statement 2021 Contacts CONTACTS BUSINESS AND FINANCE PRESS THE BMW GROUP ON THE INTERNET PUBLISHED BY Telephone + 49 89 382-2 45 44 Further information about the BMW Group is Bayerische Motoren Werke + 49 89 382-2 41 18 available online at: Aktiengesellscha
Bayerische Motoren Werke Aktiengesellschaft — Q3 2021 Earnings Presentation on 6ix