Scania Interim Presentation January-June 2013

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Scania interim presentation january june 2013.

For the full Interim Report, visit http://bit.ly/17prIZv

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Scania Interim Presentation January-June 2013

  1. 1. 1 Interim Report, January–June 2013 Erik Ljungberg, Corporate Relations
  2. 2. 2 Business overview Martin Lundstedt, President and CEO
  3. 3. First six months of 2013  Improved truck order bookings in Europe  Truck order bookings in Latin America at a high level  Higher production rate  Service revenue stable 3
  4. 4. Europe Scania trucks, order bookings 4  Higher market share – strong position in Euro 6  Replacement need  Pre-buy of Euro 5  Focus on short lead times
  5. 5. Full Euro 6 range  Proven record – first trucks launched in 2011  Second generation with better fuel efficiency launched in 2013  World’s first Euro 6 gas truck delivered 5
  6. 6. Latin America Scania trucks, order bookings 6  Order bookings at a high level  Subsidies in Brazil and Argentina  Higher market share in Brazil
  7. 7. Eurasia Scania trucks, order bookings 7  Good level of demand in Russia
  8. 8. Asia Scania trucks, order bookings 8  Stable demand  Middle East uncertain
  9. 9. Buses and coaches Scania buses and coaches, order bookings  Large orders in Russia, Malaysia and Taiwan in first six months  Europe at low level 9
  10. 10. Engines Scania engines, order bookings 10  Main improvement in Latin America in Q2
  11. 11. Higher production rate  Higher production rate during Europe Q3 and Q4  Focus on short lead times  Ensure flexibility  Increase technical capacity to 120,000 vehicles 11
  12. 12. 12  Service revenue stable  Investment in capacity  Focus on solution sales Service revenue
  13. 13. Summary  Improved order bookings in Q2 in Europe  Higher market share in Europe and Latin America  Higher production rate in second half of 2013  High R&D activity and increase of sales and service capacity 13
  14. 14. 14
  15. 15. 15 Interim Report, January–June 2013 Jan Ytterberg, CFO
  16. 16. 16 First six months of 2013 – highlights  Impact from stronger SEK and weaker BRL  Higher vehicle volume  Improved capacity utilisation in Latin America  High level of investments
  17. 17. Volume trend Total deliveries, trucks and buses 17  Higher volumes in Europe and Latin America  Lower deliveries in Asia  Very high production rate in Latin America in Q2  Higher production rate in the second half in Europe
  18. 18. 18  Increased revenue in local currency in several regions  Southern Europe weak Service revenue
  19. 19. Earnings trend Operating income, Scania Group 19  Net sales up 7% in H1 and up 19% in Q2 2013  EBIT margin 9.4% (10.8) in H1 and 8.9% (10.1) in Q2  Earnings per share SEK 3.47 (4.06) in H1 and SEK 1.72 (1.82) in Q2
  20. 20. 20 Operating income Vehicles and Services EBIT decrease: SEK 275 m., H1 2013 + Volume + Capacity utilisation – Currency – Prices  EBIT decrease due to: – Currency rate effects – Prices  Positive effects: – Vehicle volume – Capacity utilisation in Latin America
  21. 21. Cash flow Vehicles and Services 21  High level of investments  Cash flow SEK 740 m. in Q2
  22. 22. Net debt Vehicles and Services 22  Net cash SEK 6,403 m. (Net cash SEK 9,361 m. at end of 2012)  Dividend payment SEK 3.8 bn. in Q2
  23. 23. Volume trend Credit portfolio, Financial Services 23  Portfolio +3% in local currencies since end of 2012  Operating income SEK 302 m. (313) in H1 2013
  24. 24.  Significant impact from stronger SEK on earnings  Higher vehicle deliveries  Higher production rate in the second half  High level of investments 24 Summary
  25. 25. 25

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