Interim Report, January–March 2013Erik Ljungberg Corporate Relations     Ljungberg,1
Business overviewMartin Lundstedt President and CEO       Lundstedt,2
First three months of 2013     Improved order bookings in Europe     Order bookings in Latin America at      a high leve...
Europe               Scania trucks order bookings                      trucks,                        Units Improved orde...
Scania Streamline – fuel efficiency                           Better fuel                            efficiency          ...
Full Euro 6 range     Second generation      with better fuel      efficiency than Euro 5     Both EGR/SCR      engines ...
Latin America                   Scania trucks order bookings                          trucks,                             ...
Eurasia              Scania trucks order bookings                     trucks,                        Units Good level of ...
Asia                Scania trucks order bookings                       trucks,                          Units Middle East...
Buses and coaches         Scania buses and coaches order bookings                          coaches,                       ...
Engines               Scania engines order bookings                      engines,                         Units  Improvem...
Service revenue                          SEK m. Service volume          5,000     stable                          4,000 ...
Adjusting cost level      Daily p           y production rate in Europe                                    p       reduce...
Prioritised investments                    Core development                                p                     projects...
Summary      Improved order bookings in Q1         p                  g     Q       in several markets      Large bus or...
16
Interim Report, January–March 2013Jan Ytterberg, CFO    Ytterberg17
First three months of 2013 – highlights             Impact from stronger SEK                p              g            ...
Volume trend               Total deliveries, trucks and buses                     deliveries                             U...
Service revenue                            SEK m. Southern Europe               p            5,000     weak              ...
Earnings trend                  Operating income, Scania Group                            income                          ...
Operating income                       Vehicles and Services EBIT decrease due to:     – Currency rate effects           ...
Cash flow                    Vehicles and Services                           SEK m. Redemption of some       p           ...
Net debt                      Vehicles and Services                            SEK m. Net cash                  12,000   ...
Volume trend               Credit portfolio Financial Services                      portfolio,                            ...
Summary      Impact from stronger SEK         p              g       on revenue and earnings      Higher truck deliverie...
27
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Scania interim presentation jan mar 2013

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Scania’s earnings for the first quarter of 2013 amounted to SEK 1,933 m. The stronger Swedish krona and price pressure on trucks pulled down earnings. Higher truck volume and higher capacity utilisation in Latin America had some positive effect.

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Scania interim presentation jan mar 2013

  1. 1. Interim Report, January–March 2013Erik Ljungberg Corporate Relations Ljungberg,1
  2. 2. Business overviewMartin Lundstedt President and CEO Lundstedt,2
  3. 3. First three months of 2013  Improved order bookings in Europe  Order bookings in Latin America at a high level  Service volume stable  Focus on adjusting cost level3
  4. 4. Europe Scania trucks order bookings trucks, Units Improved order p 10,000 9,000 bookings in Q1 8,000 Stronger g 7,000 performance than 6,000 overall market 5,000 4,000 Replacement need 3,000 2,000 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2011 2011 2011 2012 2012 2012 2012 20134
  5. 5. Scania Streamline – fuel efficiency  Better fuel efficiency  Improved aerodynamics  New Scania Opticruise gearbox  Connected vehicles5
  6. 6. Full Euro 6 range  Second generation with better fuel efficiency than Euro 5  Both EGR/SCR engines and SCR-only g y engines  Alternative fuels Scania 9-litre gas engine, gas specific components.6
  7. 7. Latin America Scania trucks order bookings trucks, Units Order bookings at g 8, 000 a high level 7, 000 6, 000 Incentives in Brazil 5, 000 and Argentina 4, 000 Strong performance gp 3, 000 in Brazil 2, 000 1, 000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2011 2011 2011 2012 2012 2012 2012 20137
  8. 8. Eurasia Scania trucks order bookings trucks, Units Good level of 3, 000 demand in Russia 2, 500 2, 000 1, 500 1, 000 500 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2011 2011 2011 2012 2012 2012 2012 20138
  9. 9. Asia Scania trucks order bookings trucks, Units Middle East 5, 000 4, 500 improved from low 4, 000 level 3, 500 Stable demand in 3, 000 markets outside 2, 500 Middle East 2, 000 1, 500 1, 000 500 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2011 2011 2011 2012 2012 2012 2012 20139
  10. 10. Buses and coaches Scania buses and coaches order bookings coaches, Units  Order bookings at g 3,000 high level in Q1 2,500  Large orders from g 2,000 2 000 Russia and Malaysia 1,500  Higher order 1,000 bookings in Brazil 500 and Mexico 0  Europe weak Q1 2011 Q2 Q3 Q4 2011 2011 2011 Q1 Q2 Q3 Q4 Q1 2012 2012 2012 2012 201310
  11. 11. Engines Scania engines order bookings engines, Units  Improvement p 2,500 compared to end 2,000 of 2012  Main increase in 1,500 western Europe 1,000 1 000  Some improvement in Asia 500 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2011 2011 2011 2012 2012 2012 2012 201311
  12. 12. Service revenue SEK m. Service volume 5,000 stable 4,000 Southern Europe p weak 3,000 Increased volume 2,000 2 000 in several regions outside Europe 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2009 2010 2011 2012 201312
  13. 13. Adjusting cost level  Daily p y production rate in Europe p reduced during Q1  Measures taken in the service network in certain European markets  Restrictive with hiring and g general spending p g13
  14. 14. Prioritised investments  Core development p projects  Sales and Services capacity in emerging markets  Increase technical production capacity to 120 000 120,00014
  15. 15. Summary  Improved order bookings in Q1 p g Q in several markets  Large bus orders  Price pressure and stronger SEK  Adjusting cost level and prioritising investments15
  16. 16. 16
  17. 17. Interim Report, January–March 2013Jan Ytterberg, CFO Ytterberg17
  18. 18. First three months of 2013 – highlights  Impact from stronger SEK p g  Improved capacity utilisation in Latin America  Higher truck volume18
  19. 19. Volume trend Total deliveries, trucks and buses deliveries Units Higher volume g 24,000 driven by 20,000 Latin America 16,000 16 000 Lower deliveries in Asia 12,000 Low capacity 8,000 utilisation in Europe 4,000 High utilisation 0 in Latin America Q1 Q2 Q3 Q4 2009 Q1 Q2 Q3 Q4 2010 Q1 Q2 Q3 Q4 2011 Q1 Q2 Q3 Q4 2012 Q1 201319
  20. 20. Service revenue SEK m. Southern Europe p 5,000 weak 4,000 Increased revenue in local currency in 3,000 several regions 2,000 2 000 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2009 2010 2011 2012 201320
  21. 21. Earnings trend Operating income, Scania Group income SEK m. Operating income Operating margin Percent Net sales -4% 4,000 20 in Q1 2013 3,500 18 16 3,000 EBIT margin 10.0% g 14 (11.5) 2,500 12 2,000 10 Earnings per share g p 8 1,500 SEK 1.75 (2.24) 6 1,000 4 500 2 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2009 2010 2011 2012 201321
  22. 22. Operating income Vehicles and Services EBIT decrease due to: – Currency rate effects + Volume – Prices + Capacity EBIT decrease: – Utilisation fee in utilisation Russia SEK 414 m., –C Currency Q1 2013 Positive effects: – Prices – Fee – Capacity utilisation in Latin America – Truck volume22
  23. 23. Cash flow Vehicles and Services SEK m. Redemption of some p 4,000 SEK 800 m. related 3,000 to pensions (PRI) 2,000 2 000 Taxes paid in Brazil 1,000 High level of g investments 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2009 2010 2011 2012 2013 -1,000 -2,00023
  24. 24. Net debt Vehicles and Services SEK m. Net cash 12,000 Net debt Net debt/equity ratio 100% 10,000 SEK 9,554 m. 80% 8,000 (Net cash SEK 6,000 60% 9,361 m. 9 361 m at end 4,000 40% of 2012) 2,000 20% 0 0% 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Board has proposed -2,000 2 000 -20% dividend per share -4,000 -40% -6,000 of SEK 4.75 (5.00) -60% -8,000 -8 000 -10,000 -80% -12,000 -100%24
  25. 25. Volume trend Credit portfolio Financial Services portfolio, SEK m. Portfolio stable 50,000 , since end of 2012 45,000 in local currencies 40,000 35,000 35 000 Operating income 30,000 SEK 155 m. (131) 25,000 in Q1 2013 20,000 20 000 15,000 10,000 5,000 0 1998 2000 2002 2004 2006 2008 2010 201225
  26. 26. Summary  Impact from stronger SEK p g on revenue and earnings  Higher truck deliveries  Adjusting cost level  Higher capacity utilisation in Latin America26
  27. 27. 27
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