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Scania Presentation_Q2_2008_tcm10-211097
 

Scania Presentation_Q2_2008_tcm10-211097

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    Scania Presentation_Q2_2008_tcm10-211097 Scania Presentation_Q2_2008_tcm10-211097 Presentation Transcript

    • Press conference Stina Thorman, Investor Relations 1
    • Interim Report January-June 2008 Jan Ytterberg, CFO 2
    • First half of 2008 – highlights Profitability at all time high Operating margin 16.6% – – Net margin 12.1% – Record returns – Good revenue growth 3
    • 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
    • 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
    • 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
    • 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
    • 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
    • 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
    • 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
    • Conclusion Profitable growth resulting in all time high earnings 11
    • 12
    • Outlook Leif Östling, President and CEO 13
    • 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
    • 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
    • Improved flexibility Global product range Product mix drives profitability Relative profitability neutral to market mix Production units Sales & Service units 16
    • 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
    • Financial outlook Earnings 2008 will be higher than 2007 18
    • 19