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Daimler AG „Unicredit Conference Munich September 2011“
 

Daimler AG „Unicredit Conference Munich September 2011“

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    Daimler AG „Unicredit Conference Munich September 2011“ Daimler AG „Unicredit Conference Munich September 2011“ Presentation Transcript

    • Unicredit Conference MunichSeptember 2011
    • Agenda Daimler Group Q2 and Half Year 2011 Results Daimler Trucks Mercedes-Benz Cars 2
    • Key developments in Q2 2011 Q2 2011 marked another strong quarter Group sales increased by 6%, and revenue grew by 5% Mercedes-Benz Cars on track to post new record sales in 2011 Daimler Trucks launched the all-new Actros and increased capacity in the Americas Net industrial liquidity remains on a high level Public tender offer for Tognum successfully completed 3
    • Key financials- in billions of euros - Q2 2010 Q2 2011 Revenue 25.1 26.3 EBIT 2.1 2.6 Net profit 1.3 1.7 Earnings per share (in euros) 1.18 1.51 Net liquidity industrial business (2010: year-end) 11.9 11.5 Free cash flow industrial business (January-June) 2.8 0.6 4
    • Mercedes-Benz CarsOngoing strong EBIT performance- in millions of euros - + 190 10.7%* 9.8%* 1,566 1,376 Higher unit sales and more favorable product mix Improved pricing Cost improvements/lower warranty expenses Material costs and new model launches Exchange-rate effects EBIT EBIT Q2 2010 Q2 2011 * Return on sales 5
    • Mercedes-Benz CarsBalanced sales structure- Unit sales in thousands - 358 342 19% 21% Rest of world Western Europe 28% 26% excluding Germany 24% 23% Germany 15% 15% USA 14% 15% China Q2 2010 Q2 2011 6
    • Mercedes-Benz CarsFurther increase in unit sales- Unit sales in thousands* - 356 341 8% smart 8% 14% 18% M-/R-/G-/GL-/GLK-Class 18% 13% A-/B-Class 25% 31% C-Class 29% 24% E-Class 6% 6% S-Class Q2 2010 Q2 2011 * Excluding Mitsubishi vehicles produced and/or sold in South Africa 7
    • Daimler TrucksSignificant improvement in EBIT- in millions of euros - + 174 7.1%* 474 5.1%* Higher unit sales in Europe and the US 300 Higher material and product-related costs Lower earthquake-related unit sales and revenue at Trucks Asia EBIT EBIT Q2 2010 Q2 2011 * Return on sales 8
    • Daimler TrucksIncoming orders rose significantly- in thousands of units - 121 Rest of 19 98 world 14 40 Asia 35 Latin 14 America 14 NAFTA 33 20 region Western 15 15 Europe Q2 2010 Q2 2011 9
    • Daimler TrucksSignificant increase in unit sales despite lowervolume in Asia- in thousands of units - 91 84 Rest of 12 world 10 23 Asia 29 Latin 13 America 14 NAFTA 27 region 19 Western 12 16 Europe Q2 2010 Q2 2011 10
    • Daimler TrucksIncoming orders in Q2 2011 clearly above prior yearand above unit sales- in thousands - Unit sales Incoming orders 119 121 106 105 98 95 96 89 91 84 Q2 Q3 Q4 Q1 Q2 2010 2011 11
    • Revenue and earnings outlook for 2011 Based on the currently good market expectations, we expect to post Group revenue of significantly more than €100 billion In light of the better than anticipated performance in the first half of 2011 and the currently good market demand, Daimler targets EBIT from the ongoing business which will be better than we previously expected and will very significantly exceed the level of 2010 Developments in the first half of the year have shown that we continue to make good progress toward the targeted rates of return to be achieved on a sustained basis as of the year 2013 These targets are based on the assumption that the economic and political environment will remain stable and that automotive markets will remain intact 12
    • Aiming for superior performanceMission statements and financial targets from 2013 onwards (RoS/RoE* in %) Mercedes-Benz Cars: “Most successful premium manufacturer“ 10 Daimler Trucks: “No. 1 in the global truck business“ 8 ** Mercedes-Benz Vans: “Most successful van manufacturer” 9 Daimler Buses: “No. 1 in the global bus business” 6 Daimler Financial Services: “Best financial services provider” 17* Automotive Business: Return on Sales (RoS); Daimler Financial Services: Return on Equity (RoE)** over the cycle 13
    • Agenda Daimler Group Q2 and Half Year 2011 Results Daimler Trucks Mercedes-Benz Cars 14
    • Daimler TrucksOutlook - FY 2011:Strong sales performance in recovering environment Market Europe: +35 to 40% Market NAFTA: +30 to 35% Market Japan: decline of up to 10% Market Brazil: +15 to 20% 15
    • Daimler TrucksTarget: >500,000 units in 2013Market / Sales - Forecast Global Truck Market HDT/MDT Daimler Trucks – Sales (in mill. units) (in ‘000 units) >500 3.0 355 2.5 2010 2013e 2010 2013e 16
    • Daimler TrucksStaying the course: Global ExcellenceDaimler TrucksGlobal Excellence 1 Management of Cycles 2 Operational Excellence 3 Growth and Market Exploitation 4 Future Product Generations 17
    • Daimler TrucksCycle management complete in NAFTA:Production flexibility in Mexican and US plant network Increase in CascadiaPortland, OR flexible capacity by ~100% while lowering total network cost Mt. Holly, NC Maximize Military flexible Cleveland, NC capacity while decreasing per unit cost across entire network Saltillo, Mexico Maximize Medium duty Santiago, Mexico flexible capacity while not increasing per unit cost across entire network 18
    • Daimler TrucksState-of-the-art plant in Mexico,Know-how transfer through Truck Operating System 19
    • Daimler TrucksProduction flexibility of over 30% in WörthFlexible working hours Flexibility+300 hours-300 hoursFlexible cycle time 430 units/day 120.000 units/year 300 units/day 50.000 units/year 20
    • Daimler TrucksGlobal Footprint / Local Expertise 21
    • Daimler TrucksSignificant product launches at all Operating Units in2010, Fuso with completely new product portfolioCoronado Super Great FighterAtego Axor Atego HEV Canter 22
    • Daimler TrucksThe New Actros: No stone left unturned.Overall Total Cost of Ownership optimisation.Benchmark fuel consumption:• Euro V: - 6-7%• Euro VI: - 3-4%• Options for moreFleetBoard standard:• fuel consumption -5% to -15%on top 150 tkm maintenanceinterval 23
    • Daimler TrucksMajor profitability leverage is fuel consumption –Importance grows when fuel price increases. 1,3 Personnel costs 28% 1,2 P r e i s [E U R / l ] 1,1 1 Acquisition 1,35 €/l 0,9 10% 0,8 UK (Maxi) 0,7 Fuel 0,6Miscellaneous 1,14 €/l 3% 25% 00 02 04 06 08 10 D Insurance and F tax 5% Toll fare 1,10 €/l 7% Sulphur-free diesel fuel Administration Repair and 11% Maintenance 11% 24
    • Daimler TrucksCommonality – HDEG:Substitution of multiple platforms by global platformsCurrent Engine Portfolio Future Engine PortfolioEngine EnginePower Heavy-Duty Power Heavy-Duty [kW] [kW] OM502LA 400 S60 14.0L 400 OM501LA 300 6M7 300 6D2 8DC9 200 200 OM457LA OM460LA 100 100 9 12 16 Displacement [ltr] 9 12 16 Displacement [ltr] HDEG Downgrades Market HDEG EPA10 HDEG Euro VI Introduction HDEG EPA07 HDEG Post JP09 North America HDEG Euro VI HDEG Downgrades 26
    • Daimler TrucksHeavy-Duty Engine Generation:Start of Production in Mannheim on March 17, 2011 27
    • Agenda Daimler Group Q2 and Half Year 2011 Results Daimler Trucks Mercedes-Benz Cars 28
    • 29
    • Mercedes-Benz CarsNew generation Mercedes-Benz C-Class - Interior 30
    • Mercedes-Benz CarsNew C-Class Coupe 31
    • Mercedes-Benz CarsNew C-Class Coupe - Interior 32
    • Mercedes-Benz CarsNew Mercedes-Benz SLK 33
    • Mercedes-Benz CarsNew Mercedes-Benz SLK - Interior 34
    • Mercedes-Benz CarsThe new Mercedes-Benz M-Class 35
    • Mercedes-Benz CarsThe new Mercedes-Benz M-Class - Interior 36
    • Mercedes-Benz CarsThe new Mercedes-Benz B-Class 37
    • Mercedes-Benz CarsThe new Mercedes-Benz B-Class - Interior 38
    • Mercedes-Benz CarsMercedes-Benz Concept A 39
    • Mercedes-Benz CarsMercedes-Benz Concept A - Interior & Connectivity 40
    • Mercedes-Benz CarsDaimler R&D – Our key success factors Ambition to Lead Our refined Brand Goals Superior Products Sustainability in all Aspects Operational Excellence Efficient R&D Structures Innovation and Technology Ahead of the Crowd Strategic Investments & Cooperations Green Leadership 41
    • Mercedes-Benz Cars CO2 Emissions – Significant reduction of ECE fleet consumption, we are on our way to exceed regulatory targets 230 230 -45% 220 210 200 193CO2-level (g/km) 190 183 180 173 170 -30% 160 158 160 150 <140 140 130 125 120 9,2 l 7,7 l 7,3 l 6,9 l 6,4 l 6,3 l <5,6 l <5,0 l 0 (l/100km) 1995 2001 2006 2008 2009 2010 2012 2016 42
    • Mercedes-Benz CarsSustainability – Our roadmap to emission-free mobility Optimization of Further increase of Locally emission-free vehicles with high-tech efficiency electric vehicles with combustion engines through hybridization battery and fuel cell CDI, CGI, BlueTEC, HYBRID, BlueTEC HYBRID, E-CELL, F-CELL, DIESOTTO Plug-in HYBRID E-CELL PLUS Energy sources for future mobility H2 Clean fuels for combustion engines Emissionsfreies Fahren 43
    • Mercedes-Benz CarsBlueEfficiency to reduce Emissions – Optimization of allrelevant components prooving to be effective Ventilator A/C Power Steering Direct Cover Compressor Fuel Pump Injection Gear Shift Indicator GeneratorTires ECO Start-Stop -Function Aerodynamics Lightweight Construction and Materials High-tech Powertrains C220 CDI BE: 4,4 l/100km; 117 g CO2/km 44
    • Mercedes-Benz CarsCarbon Fiber – Cost reduction through strategic cooperation Model Year 2000 SLR Sports Car Tomorrow € €/kg CFRP Parts SLR Sports Car Future complex Optimized Supplier parts simple parts Joint-Venture with Year 2000 Today Cost Targets 45
    • Mercedes-Benz Cars Hybridization – Electrification safeguards economic sustainability of large premium cars ML450 HYBRID : 7,7 l/100km (182 g/km)S400 HYBRID: E300 HYBRID :7,9 l/100km (186 g/km) 4,4 l/100km (<120 g/km) S500 Plug-In- HYBRID : 3,2 l/100km (74 g/km) Next Gen. S-Class 2009 2011Modular Mercedes-Benz Hybrid-concept for maximum customer benefit 46
    • Mercedes-Benz CarsConcept B-Class E-CELL PLUS 3-cyl. turbo engine, optimized as extender Range: up to 600 km two-gear REX-transmission Electrical Range: 100 km 2 highly efficient e-motors Emissions: 32 g CO2 / km 47
    • Mercedes-Benz CarsZero-Emission Vehicles – Leading by experience EVs with Battery EVs with Fuel Cell Generation 1 : Test Fleet Generation 1: Worldwide Test Fleet smart fortwo electric drive in London A-Class F-CELL 2007 2004 Generation 2: Series Production Generation 2: Series Production Customer fleet smart electric drive Worldwide Test fleet B-Class F-CELL & A-Class E-CELL 2010 2009/10 Generation 3: Mass Production Generation 3: Mass Production smart und MB electric drive Mercedes-Benz F-CELL starting 2012 starting 2014 Modular E-Drive components allow for synergies and top quality 48
    • Mercedes-Benz Cars Electric Vehicles – With the broadest portfolio of series production EVs we lead the competitionMercedes-Benz smart fortwo Mercedes-Benz Mercedes-Benz Mercedes-BenzA-Class E-CELL electric drive SLS AMG E-CELL B-Class F-CELL Vito E-CELLE-Motor: E-Motor: 4 synchronous E-Motor: E-Motor:70 kW, 290 Nm 30 kW, 120 Nm E-Motors: 100 kW, 290 Nm 60 kW, 280 Nmin series production in series production 392 kW, 880 Nm in series production in series production >2.000 vehicles‘ Market entry in in customers hands 2013 200 vehicles since 2009 in customers hands since 2010 Driving Range 250km 140km 200km 400km 130km 49
    • Mercedes-Benz F-CELL World Drive - maturity proven! 3 B-Class F-CELL, 125 days, 30000km, 4 continents and 14 countries … … have proven that Mercedes-Benz fuel-cell technology is ready for series production! 50
    • Mercedes-Benz CarsStrengthening Key Know-How – Cooperation with BOSCH todevelop and produce traction electric motors B-Class REX B-Class REX E-Class Hybrid E-Class Hybrid Traction electric motor production in Integrated electric JV with motor (e.g., hybrids) in-house production in Berlin We control all key technological and cost aspects 51
    • Mercedes-Benz Cars High-Voltage Batteries – Integrated battery production in Kamenz, Germany enables competitive advantages +Business and employment opportunities: Supplier & engineering Chemical Plant / process Electric / Scientific OEMs Logistics service provider industry engineering electronics community 52
    • 53
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    • DisclaimerThis document contains forward-looking statements that reflect our current views about future events. The words“anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “should” and similarexpressions are used to identify forward-looking statements. These statements are subject to many risks anduncertainties, including an adverse development of global economic conditions, in particular a decline of demand inour most important markets; a deterioration of our funding possibilities on the credit and financial markets; events offorce majeure including natural disasters, acts of terrorism, political unrest, industrial accidents and their effects onour sales, purchases, production or financial services activities; changes in currency exchange rates; a shift inconsumer preference towards smaller, lower margin vehicles; or a possible lack of acceptance of our products orservices which limits our ability to achieve prices as well as to adequately utilize our production capacities; priceincreases in fuel or raw materials; disruption of production due to shortages of materials, labor strikes, or supplierinsolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction andefficiency-optimization measures; the business outlook of companies in which we hold a significant equity interest,most notably EADS; the successful implementation of strategic cooperations and joint ventures; changes in laws,regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; theresolution of pending governmental investigations and the conclusion of pending or threatened future legalproceedings; and other risks and uncertainties, some of which we describe under the heading “Risk Report” inDaimler’s most recent Annual Report. If any of these risks and uncertainties materialize, or if the assumptionsunderlying any of our forward-looking statements prove incorrect, then our actual results may be materially differentfrom those we express or imply by such statements. We do not intend or assume any obligation to update theseforward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. 55