Scania Presentation_Q2_2008_tcm10-211097

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Scania Presentation_Q2_2008_tcm10-211097

  1. 1. Press conference Stina Thorman, Investor Relations 1
  2. 2. Interim Report January-June 2008 Jan Ytterberg, CFO 2
  3. 3. First half of 2008 – highlights Profitability at all time high Operating margin 16.6% – – Net margin 12.1% – Record returns – Good revenue growth 3
  4. 4. Profitable growth Vehicles & Services SEK m. Percent 100,000 55 Net sales growth EBIT Margin Revenue ROCE 50 90,000 15% 45 80,000 40 EBIT growth 70,000 35 60,000 30% 30 50,000 25 ROCE 50.3% 40,000 20 30,000 15 20,000 10 10,000 5 0 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008* Q2 * Rolling 12 months 4
  5. 5. High volumes Total deliveries, trucks and buses Units 24,000 Deliveries +5% 20,000 Delivery times becoming 16,000 shorter 12,000 8,000 4,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2004 2005 2006 2007 2008 5
  6. 6. High demand for services Service revenue SEK m. 5,000 Growing vehicle population 4,000 Expanded 3,000 network 2,000 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2004 2005 2006 2007 2008 6
  7. 7. Operating income Vehicles & Services Impressive EBIT growth due to Volume Price – Higher vehicle and service EBIT increase: Product mix volume + SEK 1,715 m. in 1H – Prices Currency – Product mix R&D 7
  8. 8. Cash flow Vehicles & Services SEK m. 4,500 Working capital 4,000 increased mainly due to seasonal 3,500 factors and 3,000 volume growth 2,500 2,000 Capital 1,500 expenditures due 1,000 to capacity 500 increases 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2004 2005 2006 2007 2008 Note: Excluding acquisitions/divestments and Financial Services 8
  9. 9. Volume driven growth Credit portfolio, Financial Services SEK m. 45,000 Portfolio +5.4%, local currencies 40,000 35,000 Competitive 30,000 market 25,000 20,000 Operating income 15,000 +12% 10,000 Well balanced 5,000 portfolio 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 9
  10. 10. Building shareholder value SEK Percent 14 50 Net income +36% EPS (SEK) ROE 45 12 Earnings per share 40 10 SEK 12.52 rolling 35 12 month 30 8 25 6 Return on equity 20 43.5% (29.2) 15 4 10 2 5 0 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 10
  11. 11. Conclusion Profitable growth resulting in all time high earnings 11
  12. 12. 12
  13. 13. Outlook Leif Östling, President and CEO 13
  14. 14. Orders in balance with deliveries Units 30,000 Orders Deliveries 25,000 20,000 15,000 10,000 5,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q2 Q1 2004 2005 2006 2007 2008 14
  15. 15. Efficiency improvement Productivity Vehicles per employee – Ratio close to 7* vehicles per 6.6 Number of vehicles employee Production employees 5 78,300 Structure 4 – Restructuring 55,600 proceeding as 3 46,400 planned 31,800 – SEK 300 m. in annual savings 12,800 11,800 12,000 11,300 with full effect from 2009 1990 1995 2000 2007 * Rolling 12 month figures 15
  16. 16. Improved flexibility Global product range Product mix drives profitability Relative profitability neutral to market mix Production units Sales & Service units 16
  17. 17. Market outlook Strong demand in most markets outside EU Structural demand in CIS countries and Russia – – Latin America – strong growth in Brazil – Asia – strong demand due to infrastructure investments Europe – softer demand due to economic uncertainty 17
  18. 18. Financial outlook Earnings 2008 will be higher than 2007 18
  19. 19. 19

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