Press conferenceErik Ljungberg Corporate Relations     Ljungberg,1
Interim Report, January-September 2010Jan Ytterberg, CFO    Ytterberg2
First nine months of 2010 – highlights       R        Record high operating margin in Q3             d hi h      ti      ...
Volume trend               Total deliveries, trucks and buses                     deliveries                           Uni...
Service revenue                       SEK m.                        5,000 Volume increase    ~10%                4,000 I...
Earnings trend              Operating income, Scania Group                        income                         SEK m.   ...
Operating income                     Vehicles and Services EBIT increase due to:    – Volume                             ...
Cash flow                  Vehicles and Services                       SEK m.                        4,000                ...
Net debt                      Vehicles and Services                           SEK m.                                      ...
Volume trend              Credit portfolio Financial Services                     portfolio,                          SEK ...
Summary      Record operating margin       – Sharp volume increase       – Substantially higher capacity utilisation     ...
12
OutlookLeif Östling, President and CEO     Östling13
Business overview      Europe incl Russia has improved           p                    p      Latin America stabilising a...
Share of deliveries Q3 2010                Europe                40%     Latin                Asia and     America        ...
Latin American truck demand     Units     7,000                    Orders t Scania                    Od     to S  i      ...
European truck demand      Units     20,000                    Orders t Scania                    Od     to S  i      Deli...
Order trend                            Buses                         Units                         3,000 Europe -11% firs...
Engines Engine platform     ready for 2014     emission legislation Agreement with     Doosan on dumpers     and wheel l...
Production ramp-up Higher daily rate Improved productivity Short lead times Higher risk of     bottlenecks Hired >1,0...
Service trend                         SEK m.                          5,000                          4,000 Stronger Europ...
European truck deliveries      Units     20,000                   Deliveries from S                   D li i f        Scan...
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Scania Interim Report Q3 2010 Presentation

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Scania Interim Report Q3 2010 Presentation

  1. 1. Press conferenceErik Ljungberg Corporate Relations Ljungberg,1
  2. 2. Interim Report, January-September 2010Jan Ytterberg, CFO Ytterberg2
  3. 3. First nine months of 2010 – highlights  R Record high operating margin in Q3 d hi h ti i i – Sharp increase in deliveries – Significantly higher capacity utilisation – Currency effects incl hedging y g g  Cash flow of SEK 8,388 m. (Vehicles and Services) in the first nine months3
  4. 4. Volume trend Total deliveries, trucks and buses deliveries Units 24,000 Deliveries +47% 20,000 in 9 mth 16,000 16 000 Significantly 12,000 higher production rate t 8,000 High deliveries in 4,000 Q3 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2006 2007 2008 2009 20104
  5. 5. Service revenue SEK m. 5,000 Volume increase ~10% 4,000 Improved capacity 3,000 utilisation 2,000 , Negative impact from currency 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2006 2007 2008 2009 20105
  6. 6. Earnings trend Operating income, Scania Group income SEK m. Percent 4,500 20 Operating income Operating margin Net sales +27% 4,000 18 9 mth 2010 3,500 16 14 3,000 3 000 EBIT margin 16.2% 2,500 12 (2.4) 9 mth 2010 2,000 10 8 EBIT margin 18.3% 1,500 6 (3.9) Q3 2010 1,000 4 500 2 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2006 2007 2008 2009 20106
  7. 7. Operating income Vehicles and Services EBIT increase due to: – Volume + Volume + Capacity – Capacity utilisation EBIT increase: + Currency – Currency effects SEK 7,806 m. + Efficiency – Cost efficiency 9 mth 2010 - Mix Negative impact: – Mi Mix7
  8. 8. Cash flow Vehicles and Services SEK m. 4,000 4 000 Improved 3,000 ea earnings gs 2,000 Lower working 1,000 capital Q4 0 Low level of Q1 Q2 Q3 Q4 2006 Q1 Q2 Q3 Q4 2007 Q1 Q2 Q3 2008 Q1 Q2 Q3 Q4 2009 Q1 Q2 Q3 2010 investments - 1,000 , - 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 Net cash SEK 8,000 80 4,134 m. 6,000 60 (Net debt 4,038 4,000 40 end of 2009) 2,000 20 2006 2007 Conservative 0 2000 2001 2002 2003 2004 2005 2008 2009 0 refinancing -2,000 -20 approach -4,000 -40 40 2010 Q3 -6,000 -609
  10. 10. Volume trend Credit portfolio Financial Services portfolio, SEK m. Portfolio -5%, 5% 50,000 50 000 45,000 local currencies 40,000 Lower but still 35,000 35 000 high bad debt 30,000 expenses 25,000 20,000 Positive result in 15,000 Q2 and Q3 10,000 5,000 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 201010
  11. 11. Summary  Record operating margin – Sharp volume increase – Substantially higher capacity utilisation – Currency effects  Net cash position in Vehicles and Services due to strong cash flow11
  12. 12. 12
  13. 13. OutlookLeif Östling, President and CEO Östling13
  14. 14. Business overview  Europe incl Russia has improved p p  Latin America stabilising at a high level  Gradually higher daily production rate  Stronger European service demand in Q314
  15. 15. Share of deliveries Q3 2010 Europe 40% Latin Asia and America other 32% 28%15
  16. 16. Latin American truck demand Units 7,000 Orders t Scania Od to S i Deliveries from S D li i f Scania i 6,000 5,000 4,000 3,000 2,000 2 000 1,000 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Q3 -1,00016
  17. 17. European truck demand Units 20,000 Orders t Scania Od to S i Deliveries from S D li i f Scania i 18,000 16,000 14,000 12,000 10,000 8,000 , 6,000 4,000 2,000 2 000 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Q317
  18. 18. Order trend Buses Units 3,000 Europe -11% first 9 p 2,000 2 000 mth Latin America 53% at e ca 1,000 Asia and other 9% 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2006 2007 2008 2009 201018
  19. 19. Engines Engine platform ready for 2014 emission legislation Agreement with Doosan on dumpers and wheel loaders in Q319
  20. 20. Production ramp-up Higher daily rate Improved productivity Short lead times Higher risk of bottlenecks Hired >1,000 employees on p y temporary contracts in Q2 and Q3 in Europe20
  21. 21. Service trend SEK m. 5,000 4,000 Stronger European demand in Q3 3,000 Continued high demand in Latin 2,000 , America 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2006 2007 2008 2009 201021
  22. 22. European truck deliveries Units 20,000 Deliveries from S D li i f Scania i 18,000 16,000 14,000 12,000 10,000 8,000 , 6,000 4,000 2,000 2 000 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Q322
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