Presentation: Scania interim report

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Summary of the first six months of 2012

Operating income fell to SEK 4,257 m. (6 652), and earnings per share fell to SEK 4.06 (6.18)

Net sales decreased by 10 percent to SEK 39,338 m. (43,665)

Cash flow amounted to SEK 1,769 m (3,218) in Vehicles and Services

Published in: Economy & Finance, Business
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Presentation: Scania interim report

  1. 1. Press conferenceErik Ljungberg Corporate Relations Ljungberg,1
  2. 2. Interim Report, January – June 2012Jan Ytterberg, CFO Ytterberg2
  3. 3. First six months of 2012 – highlights  Significantly lower vehicle deliveries  Service revenue stable  Higher cost level3
  4. 4. Volume trend Total deliveries, trucks and buses deliveries Units Europe and the 24,000 Middle East at low 20,000 levels 16,000 16 000 Significantly lower deliveries in Brazil 12,000 in Q2 8,000 Low utilisation of 4,000 production capacity 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2008 2009 2010 2011 20124
  5. 5. Service revenue SEK m. 5,000 Europe decreasing – southern region 4,000 weak 3,000 Growing volume outside Europe 2,000 2 000 Revenue increase of 3% in local 1,000 currencies (H1) i 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2008 2009 2010 2011 20125
  6. 6. Earnings trend Operating income, Scania Group income SEK m. Percent 4,500 20 Operating income O ti i Operating margin O ti i Net sales -10% 4,000 18 in H1 2012 and -16% 3,500 16 in Q2 3,000 14 12 2,500 EBIT margin 10.8% 10 2,000 (15.2) in H1 8 1,500 6 EBIT margin 10.1% 1,000 4 (14.4) (14 4) in Q2 500 2 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2008 2009 2010 2011 20126
  7. 7. Operating income Vehicles and Services EBIT decrease due to: – Deliveries – Capacity utilisation EBIT decrease: – Future projects SEK 2,470 m., - Deliveries H1 2012 - Capacity p y – Price - Projects - Price7
  8. 8. Cash flow Vehicles and Services SEK m. 4,000 Higher inventory in 3,000 Q2 2,000 2 000 Tax payment in 1,000 Brazil in Q1 0 Cash flow SEK 6 m. Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 in Q2 -1,000 2008 2009 2010 2011 2012 -2,0008
  9. 9. Net debt Vehicles and Services SEK m. 12,000 100% Net debt Net debt/equity ratio 10,000 80% Net cash 8,000 60% SEK 7,999 m. 6,000 40% (Net (N t cash SEK h 4,000 20% 10,615 m. 2,000 0 0% at end of 2011) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2 000 -2,000 -20% -4,000 Dividend payment -40% -6,000 SEK 4 bn. in Q2 8 000 -8,000 -60% -10,000 -80% -12,000 -100%9
  10. 10. Volume trend Credit portfolio Financial Services portfolio, SEK m. 50,000 , 45,000 Portfolio +4%* 40,000 since end of 2011 35,000 35 000 30,000 Operating income 25,000 SEK 313 m. (238) in ( ) 20,000 20 000 H1 2012 15,000 10,000 5,000 0 1998 2000 2002 2004 2006 2008 2010 2012 *In local currencies In10
  11. 11. Summary  Significantly lower vehicle deliveries  Higher cost level g e e e11
  12. 12. 12
  13. 13. OutlookLeif Östling, President and CEO Östling13
  14. 14. Business overview – H1 2012  E Europe remains at a low level i t l l l  Lower demand in Brazil compared to strong 2010 and 2011  Market outlook difficult to judge j g  Focus on flexibility in production and in sales and services14
  15. 15. Europe Scania trucks order bookings trucks, Units 10,000 9,000 8,000 Some improvement 7,000 in Q2, including in Q2 6,000 the southern region 5,000 Overall still at low 4,000 4 000 level 3,000 2,000 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 2011 2011 2011 2011 2012 201215
  16. 16. Latin America Scania trucks order bookings trucks, Units 5,000 4,500 Lower demand 4,000 compared to strong 3,500 2010 and 2011 3,000 2,500 Transition to Euro 5 2,000 2 000 and weaker 1,500 economy in Brazil 1,000 500 0 Q1 Q2 Q3 Q4 Q1 Q2 2011 2011 2011 2011 2012 201216
  17. 17. Eurasia Scania trucks order bookings trucks, Units 3,000 2,500 Good level of demand 2,000 2 000 Increased order 1,500 bookings in Russia 1,000 and Ukraine 500 0 Q1 Q2 Q3 Q4 Q1 Q2 2011 2011 2011 2011 2012 201217
  18. 18. Asia Scania trucks order bookings trucks, Units 5,000 4,500 Somewhat 4,000 improved order 3,500 bookings in Middle 3,000 East 2,500 2,000 2 000 St bl trend Stable t d 1,500 elsewhere in Asia 1,000 500 0 Q1 Q2 Q3 Q4 Q1 Q2 2011 2011 2011 2011 2012 201218
  19. 19. Buses and coaches Scania buses and coaches order bookings coaches, Units  Weaker demand 2,500 in the first half 2,000 of 2012  Reduced 1,500 production of 1,000 1 000 buses in Poland  Large order to 500 g Chile in Q2 2012 0 Q1 Q2 Q3 Q4 Q1 Q2 2011 2011 2011 2011 2012 201219
  20. 20. Engines Scania engines order bookings engines, Units 2,500  Lower demand 2,000 in all regions in Q2 2012 1,500  Industrial OEM 1,000 1 000 segment weaker 500 0 Q1 Q2 Q3 Q4 Q1 Q2 2011 2011 2011 2011 2012 201220
  21. 21. Summary  Low level of demand  Market outlook difficult to judge  Focus on high flexibility and high cost consciousness21
  22. 22. 22
  23. 23. Martin Lundstedt23
  24. 24. Capital Markets Day 26 September 2012 in Södertälje, Sweden24

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