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Scania Q2 2011 Presentation

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  • 1. Press conferenceErik LjE ik Ljungberg, Corporate Relations b C t R l ti1
  • 2. Interim Report, January–June 2011Jan Ytterberg, CFOJ Ytt b2
  • 3. First six months of 2011 – highlights  Stable earnings – I Increased volume d l – Currency head-winds – Altered market mix – Investments for future growth  ROCE 44.2% (23.4%)* *Rolling 12 month3
  • 4. Volume trend Total d li i T t l deliveries, trucks and buses t k db Units 24,000 Deliveries +42% in H1 2011 20,000 More vehicles to 16,000 Russia and Middle 12,000 East – fewer to Brazil 8,000 Lower production 4,000 rate in first part of p 0 Q2 2011 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1Q2 Q3Q4 Q1 Q2 Q3 Q4 Q1 Q2 2007 2008 2009 2010 20114
  • 5. Service revenue SEK m. 5,000 Volume increase ~10% in H1 10% 4,000 Improved capacity 3,000 utilisation tili ti 2,000 Negative impact g p from currency 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2007 2008 2009 2010 20115
  • 6. Earnings trend Operating income, Scania Group O ti i S i G SEK m. Percent 4,500 20 Operating income Operating margin Net sales +18% H1 4,000 18 16 3,500 3 500 EBIT margin 15.2 % 3,000 14 (15.2) H1 and 2,500 12 14.4% (17.0) 14 4% (17 0) Q2 2,000 10 8 Earnings per share g p 1,500 6 SEK 6.18 (4.75) H1 1,000 4 500 2 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2007 2008 2009 2010 20116
  • 7. Operating income Vehicles d S V hi l and Services i EBIT increase due to: – Volume + Volume + Price – Price EBIT increase: Negative effects: SEK 821 m. H1 - Currency 2011 - Mix – Currency y - Cost level – Market mix – Higher cost level7
  • 8. Currency exposure Jan-Jun 2011 vs 20108
  • 9. Cash flow Vehicles d S V hi l and Services i SEK m. m 4,000 3,000 , N Negative impact ti i t from inventory 2,000 Higher level of 1,000 investment Q4 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2007 2008 2009 2010 2011 - 1,000 - 2,000 Note: Excluding acquisitions/divestments and Financial Services9
  • 10. Net debt Vehicles d S V hi l and Services i SEK m. m Percent 10,000 100 Net debt Net debt/equity ratio 8,000 80 Net cash SEK 6,000 6 000 60 6,948 m. 4,000 40 (Net cash 7,700 2,000 20 end of 2010) d f 0 2006 2007 2010 2011 0 2000 2001 2002 2003 2004 2005 2008 2009 -2,000 -20 Dividend paid p -4,000 4 000 -40 40 4,000 m. SEK -6,000 -60 in Q2 -8,000 -80 -10,000 -10010
  • 11. Volume trend Credit C dit portfolio, Financial Services tf li Fi i lS i SEK m. m 50,000 Portfolio +8%*, 45,000 since end of 2010 i d f 40,000 40 000 35,000 Lower level of bad 30,000 debt expenses 25,000 20,000 Operating income 15,000 15 000 SEK 131 (49) m. in 10,000 Q2 5,000 0 1997 1999 2001 2003 2005 2007 2009 2011 * In local currencies11
  • 12. Summary  Stable earnings – Volume increase – Currency head-winds – Altered market mix – Investments for future growth  ROCE 44.2% (23.4%)* *Rolling 12 month12
  • 13. 13
  • 14. OutlookLeif Ö tliL if Östling, President and CEO P id t d14
  • 15. Business overview – First six months  Improved European demand  Still high demand in Latin America  Strong demand in Middle East and Russia  High demand for service15
  • 16. Growth in order bookings 30 000 Units Order bookings trucks per quarter Lead Lead times 6-8 times 8 10 8-10 weeks months 25 000 20 000 15 000 10 000 5 000 0 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 Q1 1996 1996 1998 1998 2000 2002 2002 2004 2004 2006 2006 2008 2008 2010 201016
  • 17. Growth in order bookings Units Order bookings buses per quarter 3000 2500 2000 1500 1000 500 0 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 1996 1996 1998 1998 2000 2000 2002 2002 2004 2004 2006 2006 2008 2008 2010 201017
  • 18. Share of vehicle deliveries Q2 2011 (2010) Eurasia Europe 9% (2%) 41% (38%) Asia Latin America 19% (22%) 26% (32%) Africa & Oceania 5% (6%)18
  • 19. Investments to support growth  New companies in India and Japan  R&D investments to strengthen product portfolio tf li  Investments in sales & service capacity19
  • 20. Investments to support growth Boost production capacity to 120 000 120,000 vehicles New agreement to increase flexibility in production (Sweden)20
  • 21. 21

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