Scania Interim Report Q1 2011 Presentation

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Scania Interim Report Q1 2011 Presentation

  1. 1. Press conferenceErik Ljungberg Corporate Relations Ljungberg,1
  2. 2. Interim Report, January–March 2011Jan Ytterberg, CFO Ytterberg2
  3. 3. First three months 2011 – highlights  Stable earnings growth – Increased volume – Higher capacity utilisation – Currency head-wind y  ROCE 43.9% (13.4%)* *Rolling 12 month Rolling3
  4. 4. Volume trend Total deliveries, trucks and buses deliveries Units 24,000 20,000 Deliveries +60% 16,000 16 000 in Q1 2011 12,000 Higher production g p 8,000 rate y/y, stable vs Q4 2010 4,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2007 2008 2009 2010 20114
  5. 5. Service revenue SEK m. 5,000 Volume increase >10%, all-time 4,000 high level 3,000 Improved capacity utilisation 2,000 , Negative impact 1,000 from currency 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2007 2008 2009 2010 20115
  6. 6. Earnings trend Operating income, Scania Group income SEK m. Percent 4,500 20 Operating income p g Operating margin p g g 4,000 18 Net sales +25% Q1 16 3,500 14 EBIT margin 16 1% 16.1% 3,000 3 000 12 (12.9) Q1 2,500 10 2,000 8 Earnings per share 1,500 6 SEK 3.14 (1.78) 1,000 4 500 2 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2007 2008 2009 2010 20116
  7. 7. Operating income Vehicles and Services EBIT increase due to: – Volume + Volume – Capacity utilisation + Capacity – Price EBIT increase: + Price SEK 1,092 m. Negative effects: Q1 2011 -R Raw material i l - Mix – Currency - Currency – Mix – Raw material7
  8. 8. Cash flow Vehicles and Services SEK m. 4,000 4 000 Negative impact 3,000 from inventory 2,000 Higher level of investment 1,000 Q4 Paid taxes 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 related to 2010 - 1,000 , 2007 2008 2009 2010 2011 earnings i - 2,000 Note: Excluding acquisitions/divestments and Financial Services8
  9. 9. Net debt Vehicles and Services SEK m. Percent 10,000 10 000 100 Net debt Net debt/equity ratio 8,000 80 Net cash SEK 6,000 60 9,005 m. 4,000 4 000 40 (Net cash 7,700 2,000 20 end of 2010) 0 2006 2007 2010 2011 0 2000 2001 2002 2003 2004 2005 2008 2009 -2,000 -20 Proposed dividend -4,000 -40 per share SEK -6,000 -60 5.00 (1.00) 5 00 (1 00) -8,000 -80 -10,000 -1009
  10. 10. Volume trend Credit portfolio Financial Services portfolio, SEK m. 50,000 50 000 45,000 Portfolio +4%, 40,000 local currencies 35,000 35 000 30,000 Lower level of bad 25,000 debt expenses 20,000 15,000 Operating income 10,000 SEK 107 (-10) m. ( 10) 5,000 0 1997 1999 2001 2003 2005 2007 2009 201110
  11. 11. Summary  Stable earnings growth – Volume increase – Higher capacity utilisation – Negative currency effects  ROCE 43.9% (13.4%)* *Rolling 12 month Rolling11
  12. 12. 12
  13. 13. OutlookLeif Östling, President and CEO Östling13
  14. 14. Business overview – First three months  Stable European demand, normal seasonal pattern Q4 to Q1  Market share 14.6% (14.2) in Europe  Good level of demand in Latin America and the Middle East  Production rate stable compared to Q4 2010  High demand for service14
  15. 15. Order bookings Europe Quarterly figures Scania order bookings, trucks 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2009 2010 201115
  16. 16. European deliveries Rolling 12 month Scania deliveries, trucks 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 15 000 10,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011* * Refers to Scania’s regional structure, where Russia is part of Eurasia Scania s structure16
  17. 17. Latin American deliveries Rolling 12 month Scania deliveries, trucks 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 201117
  18. 18. Share of vehicle deliveries Q1 2011 (2007) Eurasia Europe 7% (8%) 45% (61%) Asia Latin America 21% (10%) 23% (16%) Africa & Oceania 4% (5%)18
  19. 19. Production – first three months Stable production rate compared to p Q4 2010 Short and reliable delivery times Some disruptions in supply chain Tragedy in Japan remains to be assessed19
  20. 20. Service revenue SEK m. 5,000 4,000 All-time high level t e g e e 3,000 High demand in all regions 2,000 , 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2007 2008 2009 2010 201120
  21. 21. Scania Euro 6 trucks  Combination of EGR and SCR  Same performance and fuel efficiency as for Euro 5  Ready for possible incentive markets21
  22. 22. 22

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