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Press conferenceErik Ljungberg, Corporate Relations1
Interim Report, January – March 2012Jan Ytterberg, CFO2
First three months of 2012 – highlights            Demand stabilising            Earnings impacted by lower             ...
Volume trend              Total deliveries, trucks and buses                          Units                          24,00...
Service revenue                         SEK m.                         5,000 Stable high level in                        ...
Earnings trend                 Operating income, Scania Group                           SEK m.                            ...
Operating income                     Vehicles and Services EBIT decrease due to:                                         ...
Cash flow                    Vehicles and Services                         SEK m.                         4,000 Good cash...
Net debt                      Vehicles and Services                           SEK m.                           12,000     ...
Volume trend                            Credit portfolio, Financial Services                                         SEK m...
Summary      Demand stabilising      Earnings impacted by lower       deliveries and lower capacity       utilisation   ...
12
OutlookLeif Östling, President and CEO13
Business overview – Q1 2012        Order bookings in line with         end of 2011        Lower deliveries        Produ...
Europe                Scania trucks, order bookings                          Units Same level as end     of 2011 Low dem...
Latin America                  Scania trucks, order bookings                            Units Lower order     bookings in...
Eurasia                Scania trucks, order bookings                          Units Good level of     demand Increased o...
Asia                 Scania trucks, order bookings                           Units Still low level in the     Middle East...
China      Increasing interest in Scania´s       products and services      Large order to Zoomlion      Extended coope...
India      Industrial facility near Bangalore      Final assembly of trucks and buses      Production to start in 201320
Growing demand for services High demand in       SEK m.                       20,000     Europe due to                   ...
Summary      Order bookings     Units          Europe – Scania truck deliveries       stabilising      Strong demand    ...
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Scania Q1 2012 presentation

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Transcript of "Scania Q1 2012 presentation"

  1. 1. Press conferenceErik Ljungberg, Corporate Relations1
  2. 2. Interim Report, January – March 2012Jan Ytterberg, CFO2
  3. 3. First three months of 2012 – highlights  Demand stabilising  Earnings impacted by lower deliveries and lower capacity utilisation  High service revenue  Good cash flow3
  4. 4. Volume trend Total deliveries, trucks and buses Units 24,000 Lower deliveries in Europe and the 20,000 Middle East 16,000 Brazil supported by 12,000 about 2,000 Euro 3- vehicles 8,000 Production adjusted 4,000 to demand 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2008 2009 2010 2011 20124
  5. 5. Service revenue SEK m. 5,000 Stable high level in 4,000 Europe despite weakness in south 3,000 Growing volume 2,000 outside Europe Revenue increase 1,000 5% in Q1 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2008 2009 2010 2011 20125
  6. 6. Earnings trend Operating income, Scania Group SEK m. Percent 4,500 20 Operating income Operating margin 4,000 18 Net sales -3% 3,500 16 in Q1 2012 3,000 14 12 2,500 EBIT margin 11.5% 10 2,000 (16.1) in Q1 8 1,500 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 2008 2009 2010 2011 20126
  7. 7. Operating income Vehicles and Services EBIT decrease due to: + Market mix – Deliveries – Capacity utilisation EBIT decrease: – Future projects SEK 1,040 m., - Deliveries Q1 2012 - Capacity - Projects Positive effects: – Market mix7
  8. 8. Cash flow Vehicles and Services SEK m. 4,000 Good cash 3,000 generation in Q1 2,000 Positive impact from working 1,000 capital 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Tax payment in 2008 2009 2010 2011 2012 -1,000 Brazil in Q1 -2,0008
  9. 9. Net debt Vehicles and Services SEK m. 12,000 100% Net debt Net debt/equity ratio Net cash 10,000 80% 8,000 SEK 12,039 m. 6,000 60% (Net cash SEK 4,000 40% 10,615 m. 2,000 20% at end of 2011) 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 0% -2,000 -20% Board proposes -4,000 -40% -6,000 DPS of SEK 5.00 -8,000 -60% for 2011 -10,000 -80% -12,000 -100%9
  10. 10. Volume trend Credit portfolio, Financial Services SEK m. 50,000 45,000 Portfolio 2%* 40,000 since end of 2011 35,000 30,000 Operating income 25,000 SEK 131 m. (107) in 20,000 Q1 2012 15,000 10,000 5,000 0 1998 2000 2002 2004 2006 2008 2010 2012 *In local currencies10
  11. 11. Summary  Demand stabilising  Earnings impacted by lower deliveries and lower capacity utilisation  Good cash generation11
  12. 12. 12
  13. 13. OutlookLeif Östling, President and CEO13
  14. 14. Business overview – Q1 2012  Order bookings in line with end of 2011  Lower deliveries  Production rate in balance with current level of demand  High demand for service in all regions14
  15. 15. Europe Scania trucks, order bookings Units Same level as end of 2011 Low demand in southern region Short delivery times 2011 2011 2011 2011 201215
  16. 16. Latin America Scania trucks, order bookings Units Lower order bookings in Q1 From Q2 onward only Euro 5 deliveries in Brazil 2011 2011 2011 2011 201216
  17. 17. Eurasia Scania trucks, order bookings Units Good level of demand Increased order bookings in Russia and Ukraine 2011 2011 2011 2011 201217
  18. 18. Asia Scania trucks, order bookings Units Still low level in the Middle East in Q1 and uncertain outlook Stable trend elsewhere in Asia 2011 2011 2011 2011 201218
  19. 19. China  Increasing interest in Scania´s products and services  Large order to Zoomlion  Extended cooperation with Doosan, which is well positioned in China19
  20. 20. India  Industrial facility near Bangalore  Final assembly of trucks and buses  Production to start in 201320
  21. 21. Growing demand for services High demand in SEK m. 20,000 Europe due to 18,000 ageing fleet 16,000 14,000 Growing revenue 12,000 outside Europe 10,000 Stabilising Group 8,000 profitability 6,000 4,000 Expanded capacity 2,000 Q1 and offering 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2012 Q1 refers to rolling 12 months21
  22. 22. Summary  Order bookings Units Europe – Scania truck deliveries stabilising  Strong demand for services  Growing replacement need in Europe  Euro 5 in Brazil Q1 from Q2 2012 Q1 refers to rolling 12 months22
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