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Transcript of Daimler Corporate Presentation July 12, 2019
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July 12, 2019Corporate Presentation
Daimler AGDaimler AG
Contents
Daimler Corporate Presentation / July 12, 2019 / Page 2
Group Financials
Divisional Information
Outlook
Daimler Group Strategy
Funding
Appendix
Daimler AGDaimler AG
Key figures
Page 3Daimler Corporate Presentation / July 12, 2019 /
Daimler AG and BMW Group are pooling their mobility services to create a new global player in the field of urban mobility
World premiere of the new CLA Coupe and CLA Shooting Brake
Daimler and Geely Holding form global joint venture to develop smart
World premiere of the Vision URBANETIC and the Concept EQV as response to mobility questions of the future
Daimler Trucks and Torc Robotics create technology powerhouse for automated trucks
Presentation of the upgraded GLC and GLC Coupe
Unit salesin thousands of units
Q1 2018 Q1 2019
807 774
-4%
Net profitin billions of euros
Q1 2018 Q1 2019
2.42.1
-9%
Revenuein billions of euros
Q1 2018 Q1 2019
39.8 39.7
-0%
EBITin billions of euros
Q1 2018 Q1 2019
3.32.8
-16%
Daimler AG
High level of net liquidity
Daimler Corporate Presentation / July 12, 2019 / Page 4
Free cash flow industrial businessQ1 2019: minus €2.0 billion
Net industrialliquidity
12/31/2018
Earnings and other cash flow
impact
Working capital impact
Other Net industrialliquidity
3/31/2019
-2.4
11.3+0.2
16.3
+0.4
-0.0
M&A effects
-3.2
13.1
Net industrialliquidity
1/1/2019
Effects frominitial application
of IFRS 16
Daimler AG
Net liquidity impacted by initial application of IFRS 16and higher working capital
Daimler Corporate Presentation / July 12, 2019 / Page 5
Impact of €3.2 billion due to initial application of IFRS 16 for lessee accounting:
Recognition of right-of-use assets and lease liabilities leads to a one-time increase
of financing liabilities stated in the balance sheet
Working capital increase of €2.4 billion impacted free cash flow of the industrial business
Higher working capital is mainly caused by increases in the level of finished and unfinished goods
at all automotive divisions, resulting primarily from model changeovers, production ramp-up and
delivery delays as well as market developments
Daimler AGDaimler AG
Contents
Daimler Corporate Presentation / July 12, 2019 / Page 6
Group Financials
Divisional Information
Outlook
Daimler Group Strategy
Funding
Appendix
Daimler AG
Mercedes-Benz Cars
Daimler Corporate Presentation / July 12, 2019 / Page 7
Unit sales in thousands of units
Q1 2018 Q1 2019
Revenuein billions of euros
EBITin millions of euros
594555
Q1 2018 Q1 2019
23.021.2
Q1 2018 Q1 2019
2,060
1,298
-7% -8% -37%
Daimler AG
Mercedes-Benz Cars: sales decrease due to life cycle effects and model changes
Daimler Corporate Presentation / July 12, 2019 / Page 8
in thousands of units
Q1 2018
594555
Q1 2019
109
111
104
17
6
98
120
105
23
5 smart
E-Class
C-Class
A-/B-Class
S-Class
Sports Cars30
30
SUVs212
179
Daimler AG
Mercedes-Benz Cars: EBIT
Daimler Corporate Presentation / July 12, 2019 / Page 9
* Return on sales
in million euros
EBITQ1 2018
EBITQ1 2019
2,060
1,298
- 762
9.0%*
6.1%*
Lower unit sales and less favorable model mix
Net pricing
Foreign exchange rates
Higher expenses for new technologies and future products
Daimler AG
Mercedes-Benz Vans
Daimler Corporate Presentation / July 12, 2019 / Page 10
Unit sales in thousands of units
Q1 2018 Q1 2019
Revenuein billions of euros
EBITin millions of euros
93.0 97.0
Q1 2018 Q1 2019
3.13.4
+4% +9%
Q1 2018 Q1 2019
172
-98
Daimler AG
Mercedes-Benz Vans: sales increase by 4% mainly due to higher demand for the Sprinter
Daimler Corporate Presentation / July 12, 2019 / Page 11
in thousands of units
Q1 2018
93.097.0
Q1 2019
5.5
13.6
24.8
49.4
5.9
15.7
27.0
41.3
Vito
V-Class
Citan
Sprinter
X-Class3.73.2
Daimler AG
Mercedes-Benz Vans: EBIT
Daimler Corporate Presentation / July 12, 2019 / Page 12
in millions of euros
* Return on sales
EBITQ1 2018
EBITQ1 2019
172
-98
- 270
5.6%*
-2.9%*
Higher unit sales
Expenses related to the adjustment of production capacities in Argentina and Russia
Higher expenses for new technologies and future products
Warranty and goodwill costs
Foreign exchange rates
Governmental proceedings and measures relating to diesel vehicles
Daimler AG
Daimler Trucks
Daimler Corporate Presentation / July 12, 2019 / Page 13
Unit sales in thousands of units
Q1 2018 Q1 2019
Revenuein billions of euros
EBITin millions of euros
114 116
Q1 2018 Q1 2019
8.69.5
Q1 2018 Q1 2019
647582
+2% +11% -10%
Daimler AG
Daimler Trucks: sales increase by 2% mainly driven by NAFTA region
Daimler Corporate Presentation / July 12, 2019 / Page 14
in thousands of units
* European Union, Switzerland and Norway
Q1 2018
114 116
Q1 2019
19
48
9
34
17
41
9
38
Rest of world
Latin America
NAFTA region
EU30*
Asia
9 6
Daimler AG
Daimler Trucks: significant decrease in incoming orders mainly driven by NAFTA region
Daimler Corporate Presentation / July 12, 2019 / Page 15
* European Union, Switzerland and Norway
in thousands of units
Q1 2018
184
101
Q1 2019
20
27
9
39
24
89
8
51
Rest of world
Latin America
NAFTA region
EU30*
Asia
12
6
Daimler AG
Daimler Trucks: EBIT
Daimler Corporate Presentation / July 12, 2019 / Page 16
* Return on sales
in millions of euros
EBITQ1 2018
EBITQ1 2019
647582
- 65
7.5%*6.1%*Higher unit sales especially in the NAFTA region
Foreign exchange rates
Higher expenses for new technologies and future products
Higher costs, mainly related to raw material and supply chain constraints
Valuation of provisions
Daimler AG
Daimler Buses
Daimler Corporate Presentation / July 12, 2019 / Page 17
Unit sales in thousands of units
Q1 2018 Q1 2019
Revenuein billions of euros
EBITin millions of euros
5.7 5.5
Q1 2018 Q1 2019
0.90.8
Q1 2018 Q1 2019
37
-21
-4% -8%
Daimler AG
Daimler Buses: sales decrease by 4% despite higher demand in Brazil and India
Daimler Corporate Presentation / July 12, 2019 / Page 18
* European Union, Switzerland and Norway
in thousands of units
Q1 2018
5.75.5
Q1 2019
0.9
0.4
2.2
0.9
1.4
0.5
1.9
1.2
Rest of world
Brazil
Mexico
EU30*
Latin America(excl. Brazil and Mexico)
0.71.1
Daimler AG
Daimler Buses: EBIT
Daimler Corporate Presentation / July 12, 2019 / Page 19
* Return on sales
in millions of euros
EBITQ1 2018
EBITQ1 2019
37
-21
- 58
4.4%*
-2.7%*
Delivery delays caused by a changed internal certification process for coaches and intercity buses
Daimler AG
Daimler Financial Services
Daimler Corporate Presentation / July 12, 2019 / Page 20
New business in billions of euros
Q1 2018 Q1 2019
Contract volumein billions of euros
EBITin millions of euros
17.9 17.3
12/31/2018 3/31/2019
154.1 157.4
Q1 2018 Q1 2019
548
1,209
-3% +2% +121%
Daimler AG
Daimler Financial Services: slight increase in contract volume
Daimler Corporate Presentation / July 12, 2019 / Page 21
in billions of euros
12/31/2018
154.1 157.4
3/31/2019
26.4
38.8
57.1
35.0
26.2
38.0
56.1
33.7
Americas
Europe (excl. Germany)
Germany
Africa & Asia-Pacific
Daimler AG
Daimler Financial Services: EBIT
Daimler Corporate Presentation / July 12, 2019 / Page 22
* Return on equity
in millions of euros
EBITQ1 2018
EBITQ1 2019
548
1,209
+ 661
17.9%*
35.7%*
Merger of mobility services of Daimler and BMW
Higher contract volume
Higher interest-rate level
Cost of risk in some markets
Daimler AGDaimler AG
Contents
Daimler Corporate Presentation / July 12, 2019 / Page 23
Group Financials
Divisional Information
Outlook
Daimler Group Strategy
Funding
Appendix
Daimler AG
Assumptions for automotive markets in 2019
Daimler Corporate Presentation / July 12, 2019 / Page 24
* including light-duty trucks
Car markets
Global
Europe
Medium- and
heavy-duty truck
markets
NAFTA region
EU30
Japan*
Brazil
EU30
Bus marketsEU30
Brazil
USA
Van markets
Indonesia*
China
USA
around the prior-year level
around the prior-year level
slight decrease
around the prior-year level
around the prior-year level
significant growth
around the prior-year level
slight growth
slight growth
around the prior-year level
slight decrease
stable development
slight growth in the midsize and large segment
Assumptions for automotive markets communicated at Q1 2019 disclosure.
Daimler AG
2019 sales outlook
Daimler Corporate Presentation / July 12, 2019 / Page 25
Mercedes-Benz Cars
Daimler Trucks
Mercedes-Benz Vans
Daimler Buses
Slightly higher unit salesFurther growth particularly in ChinaStrong momentum from the wide range of attractive and innovative vehicles
Significantly higher unit salesSignificant growth in NAFTA region, Brazil, Indonesia and India; slight growth in Japan Slight decrease in EU30 region
Significantly higher unit sales Significant growth in EU30 region, China and the United StatesAdditional momentum from new X-Class and new Sprinter
Significantly higher unit salesSlight growth in EU30 region, significant growth in IndiaUnit sales around the prior-year level in Latin America
Slightly higher unit salesSuccess based on attractive and innovative model portfolioStrong momentum from a dozen new and upgraded vehicles
Slightly higher unit salesSlight growth in NAFTA and EU30 region, increases in Brazil and IndiaUnit sales around the prior-year level in Japan, decreases in Turkey and Indonesia
Slightly higher unit sales Growth in the United States and in EU30 regionAdditional momentum from the new Sprinter
Sales outlook communicated at Q1 2019 disclosure.
Daimler AG
2019 outlook for Group EBIT and divisional RoS/RoE
Daimler Corporate Presentation / July 12, 2019 / Page 26
* Including significant one-time valuation and earnings effects from the combination of the mobility services business with BMW Group.
Return on sales in the range of 3 to 5%
Return on sales in the range of -15 to -17%
Return on sales in the range of 5 to 7%
Return on sales in the range of 7 to 9%
Return on equity in the range of 17 to 19%*
We expect Group EBIT for FY 2019 to be significantly below prior year level.
Mercedes-Benz Cars
Daimler Trucks
Mercedes-Benz Vans
Daimler Buses
Daimler Financial Services
Daimler AG
Improving future profits to invest in future technologies and sustainably achieve our target margins
Daimler Corporate Presentation / July 12, 2019 / Page 27
Sustainable return to
target RoS range
Sustainable achievement of target RoS level
and exploitation of additional potential
2019 2021
8%
10%
Mercedes-Benz
Cars & Vans
Daimler
Trucks & Buses
8% over the cycle
2019 2021
6%
8%
9%
7%
Daimler AGDaimler AG
Contents
Daimler Corporate Presentation / July 12, 2019 / Page 28
Group Financials
Divisional Information
Outlook
Daimler Group Strategy
Funding
Appendix
Daimler AG
Daimler has set the course for a successful future
Daimler Corporate Presentation / July 12, 2019 / Page 29
COMPANY structure
Profitable CORE business Strategic CASE business
CULTURE change
CUSTOMER
Daimler AG Daimler Corporate Presentation / July 12, 2019 / Page 30
A sustainable business strategy: A M B I T I O N 2 0 3 9
We aim to have a carbon-neutral new passenger car fleet in 20 years.
We want to offer our customers a carbon-neutral driving experience.
50% xEV (BEV & Plug-in)
2039
carbon-neutral new car fleet
We strive for carbon-neutral production.2022 2039
carbon-neutral car production in Europe other plants to follow
We will drive our supply chain to follow our ambition.transparency on CO2 footprint
2030
a transformation within less than 3 product cycles
2030 2039
We inspire our customers for carbon-neutral mobility.half of the carbon footprint of an EQC
arises in the use phase*
We call for a joint effort with policy makers and energy suppliers.
52%
We drive innovation to bring EV performance up and costs down.
building up a comprehensive infrastructure
*based on EU electricity mix and a mileage of 200,000 km
CO2 as an award criteria
Daimler AGDaimler AG
Investment to remain at a high level as a basis for profitable growth and development of future mobilityin billion euros
Research and development expenditure
Investment inproperty, plantand equipment
Page 31Daimler Corporate Presentation / July 12, 2019 /
10.5
13.5
11.6
Actual2014
Actual2015
Actual2016
Plan2019/20
(average p.a.)
16.416.6
Actual2018
8.7
6.7
9.1
7.5
9.2
7.3
15.5
Actual2017
Daimler AGDaimler AG Daimler Corporate Presentation / July 12, 2019 / Page 32
Mercedes-Benz Cars & Vans
Daimler AG
Exciting and promising future ahead of us
Daimler Corporate Presentation / July 12, 2019 / Page 33
Connected Autonomous
Electric CORE
Daimler AG
Mercedes-Benz Cars: globally balanced sales structure
Daimler Corporate Presentation / July 12, 2019 / Page 34
in thousands of units
Q1 2018
594555
Q1 2019
173
64
78
157
179
70
79
166
Rest of world
Germany
United States
China
Europeexcl. Germany
10083
Daimler AG
Mercedes-Benz Cars in China: continued strong sales growth with higher share of locally produced vehicles
Daimler Corporate Presentation / July 12, 2019 / Page 35
locally produced
imported
in thousands of units
293
400
488
678
2019YTD 03
201620152014 2017
147
146
150
250
171
317
193
485
619
2018
196
42317328
145
Daimler AG
M274
M264
Made in China for China: we are producing five car models and three engine models at BBAC
Daimler Corporate Presentation / July 12, 2019 / Page 36
M270
Rear
wh
eel
dri
ve
GLC (V253)
E-Class (V 213)
C-Class (V/W 205)
GLA (X156)
…
As announced in July 2017, a
localized BEV model under EQ
brand will be produced in BBAC
+
A-Class L Sedan
(Z177)
Daimler AG
Daimler and Geely Holding form global joint venture to develop smart
Daimler Corporate Presentation / July 12, 2019 / Page 37
50:50 joint venture between Daimler and Geely
based in China to develop and operate smart
brand globally as all electric carmaker
smart joint venture to gain shared expertise in
manufacturing, engineering and design from both
groups
smart joint venture to meet demand for
electrification with production based in China
New smart models planned from 2022 in all-
electric product renewal
Daimler AG
With vehicle architecture and modular strategy, we aim at being more cost efficient, faster and more flexible
Daimler Corporate Presentation / July 12, 2019 / Page 38
Powertrain E/E Chassis Exterior Interior
Daimler AG
High degree of modularity of the entire drive train
Daimler Corporate Presentation / July 12, 2019 / Page 39
Daimler AG
Development of CO2 emissions
Daimler Corporate Presentation / July 12, 2019 /
Average CO2-emissions in g/km Mercedes-Benz Cars fleet in Europe
140
202020182009 201620122011
173
1995 … 2008
230
125123
2017
132
150
129
2013 2015
123
134
95
2014
158
2010
160
EU
Legislation*
* Target value for average weight of European fleet.
CO
2-e
mis
sions
in (
g/
km
)
Page 40
Daimler AG
Overview CO2 reduction measures
Daimler Corporate Presentation / July 12, 2019 / Page 41
Aerodynamics
Rolling resistance
Weight
Energy recovery
Energy efficient
operational strategy
Eco-Mode, Intelligent Drive
Efficient high-tech
diesel and gasoline engines
Efficient transmissions
Efficient ancillary units
48V-starting system (e.g. ISG)
PHEV
BEV / FCEV
CO2 measures in and on the vehicle CO2 measures ICE powertrain Electrification of powertrain0
%
10
0%
De
gre
eo
f ele
ctrific
atio
n
Daimler AG
Mercedes-Benz Cars and Vans: continued product offensive
Page 42
2019
eVito
GLSGLC & GLC Coupe (upgraded)
CLA 4-door Coupe CLA Shooting Brake smart(upgraded)
V-Class(upgraded)
eSprinter
GLBEQCGLE
B-Class
Daimler Corporate Presentation / July 12, 2019 /
Daimler AG
Mercedes-Benz Cars’ target: remain No.1 premium car brand
Daimler Corporate Presentation / July 12, 2019 / Page 43
Sales targetIn thousand units
Strategic targetReturn on Sales in %
2,374
2017 2018 2020
2,3838-10%
Daimler AG
Mercedes-Benz Vans’ target: No. 1 provider of holistic transport and mobility solutions
Daimler Corporate Presentation / July 12, 2019 / Page 44
401
2017 2018 2020
Strategic targetReturn on Sales in %
over the cycle
421
Sales targetIn thousand units
9%
Daimler AG
CASE trends leading to fundamental changes in the automotive industry
Daimler Corporate Presentation / July 12, 2019 / Page 45
Daimler AG
Successful launch of MBUX in Compact Cars
Daimler Corporate Presentation / July 12, 2019 / Page 46
Take Rate
On-Board-
Navigation
Take Rate
High End
Take Rate
Entry
Touch Controls
Touchscreen
Speech Control
Hey Mercedes
Daimler AG
Development steps towards fully automated driving
Daimler Corporate Presentation / July 12, 2019 / Page 47
Single control functions
such as speed selection,
braking or lane keeping
are automated.
Driver in charge.
Level 1Driver
Assistance
Vehicle can perform the
dynamic driving task
under certain
conditions.
Driver expected to
respond to requests to
take control.
Vehicle can perform all
dynamic driving tasks
that can also be
managed by a human
driver.
No driver needed.
Vehicle can perform all
dynamic driving tasks
within a certain use
case.
Driver not expected to
take control.
Autonomous Driving
Level 2Partial
Automation
Level 3ConditionalAutomation
Level 4 High
Automation
Level 5 Full
Automation
+ enabler for new & complementary mobility services
More than one control
function is automated
under certain
conditions.
Driver expected to take
care of all remaining
aspects of the dynamic
driving task.
- Currently offered by MB
& legally permissible -
Daimler AG
In the future - driver controlled and system controlled
Daimler Corporate Presentation / July 12, 2019 / Page 48
Driver controlled
Safety technologies and automated systems,
which are situational activated by the driver
System controlled
Automated systems, which drive the vehicle from
the starting point to the destination
Daimler AG
To stay ahead of competition, Daimler joined forces with Bosch
Daimler Corporate Presentation / July 12, 2019 / Page 49
• Vehicles
• Integration of
system into the
vehicle line
Project House with locations in Germany and USA
Joint development of AD system Software
Goal: complete AD-Kit for Self Driving Car
+
Sensor Algorithms
Motion Control
Environment Fusion
Behavior Generation
System
Testing
IT & Process Support
Vehicle Control Center
• Hardware (Sensors,
Actuators, ECUs)
• Software for HW
components
SW Infrastructure
Daimler AG
San José will become first pilot testing city for automated driving in 2019
Daimler Corporate Presentation / July 12, 2019 / Page 50
MOBILITY SERVICES
Start in H2 of 2019
with demonstration of autonomous service
Automated MB S-Class vehicles
mounted with latest AD Systems
On-demand ride-hailing service
to simulate a real-life operating scenario
Day time operations
from dawn to dusk
Joint pilot of Daimler & Bosch
Daimler AG
Daimler AG and BMW Group to jointly develop next-generation technologies for automated driving
Daimler Corporate Presentation / July 12, 2019 / Page 51
Scope of cooperation Goal of cooperation
Framework for cooperation joint operation
Next generation of technologies for driver assistance systems and highly automated driving:
• Driving Functions (NCAP, SAE Level 1 - Level 4 Highway).
• Parking Functions (up to SAE Level 4).
• The joint development of a scalable system with series maturity which may be used equally by both partners.
• Joint procurement for certain components within the system.
• Time: planned start of collaboration mid 2019 and duration until product launch before 2025 including subsequent
series support
• Place: common working spaces in Stuttgart and Munich
Daimler AG
Vision URBANETIC - Mobility concept for needs-based, efficient and sustainable mobility
Daimler Corporate Presentation / July 12, 2019 / Page 52
Daimler AG
EQ - intelligent electromobility. The new product and technology brand represents “emotion and intelligence”.
Daimler Corporate Presentation / July 12, 2019 / Page 53
Daimler AG Daimler Corporate Presentation / July 12, 2019 / Page 54
Pushing ahead with our electric vehicle offensive New brand EQ for electric mobility
€20 billion supplier contracts to ensure battery cell supply
€10 billion invest into e-mobility fleet
> €1 billion invest in a global battery production network
Above 130 electrified alternatives envisaged to be realized
by 2022: In each series of Mercedes-Benz at least one
electrified version (either 48V, PIH and/or BEV)
Estimated BEV volume share between 15% and 25% until
2025
A total of more than 10 BEV vehicle types planned
smart envisaged to become the world's first automotive
brand to switch fully to electric drive systems by 2020
Implementation of charging infrastructure in Europe via
joint venture “IONITY”
Daimler AG
On the road to emission free mobility –Electrification of powertrain portfolio
Daimler Corporate Presentation / July 12, 2019 / Page 55
Performance-HybridsHighly efficient 48 V Technology
Battery Electric Vehicles &Fuel Cell Electric Vehicles
Plug-In Hybrids
Daimler AG
EQC* - the first Mercedes of the product- and technology brand EQ
Page 56
0 g/kmcombined
CO2 emissions
approx. 40 min. charging time for DC charging of
110 kW (80% SOC)
20.8 – 19.7 kWh/100kmcombined electric
energy consumption
445 - 471 kmrange (NEDC)
80 kWhbattery capacity
(NEDC)
* Combined electricity consumption: 20.8 to 19.7 kWh/100 km; combined CO2 emissions: 0 g/km.Electricity consumption and range were determined on the basis of Regulation 692/2008/EC. Power consumption and rangeare dependent on the vehicle configuration (in particular on the selection of the maximum speed limit). I) Daimler Corporate Presentation / July 12, 2019 /
Daimler AG
GLC F-CELL* - worldwide first fuel cell vehicle with plug-in-hybrid-technology
Daimler Corporate Presentation / July 12, 2019 / Page 57
approx. 3 min. fueling time
13.7 kWh/100kmcombined electric
energy consumption
approx. 430/480 kmelectric range F-CELL/
hybrid mode
approx. 0.34kg/100 km combined hydrogen
consumption
13.5/9.3 kWhbattery capacity
0 g CO2/100 kmcombined CO2-emissions
*Figures for fuel consumption, electrical consumption and CO 2 emissions are provisional and were determined by the technical service for the certification
process in accordance with the WLTP test method, and correlated into NEDC figures. The EC type approval and a certificate of conformity with official
figures are not yet available. Differences between the stated figures and the official figures are possible
Daimler AG
With eDrive@VANs MB Vans provides holistic solutions for the electric future of the van business
Daimler Corporate Presentation / July 12, 2019 / Page 58
• eVito successfully introduced into the market
• The eSprinter will follow in the second half of 2019
• The ecosystem of apps and services sets the focus beyond the car and offers
solutions from charging to fleet management
Daimler AG
Ambitious definition of our EV market targets
Daimler Corporate Presentation / July 12, 2019 / Page 59
50%
0%
25%
EV share Mercedes-Benz Cars sales 2025
100%
Greater China
NAFTAWEU
Highest potential EV share Mercedes-Benz Cars 2025
12 3
Daimler AG
Highly flexible production for electric vehicles and batteries
Daimler Corporate Presentation / July 12, 2019 / Page 60
Europe
China
Thailand
Germany
AsiaAmerica
USA
Thailand
Location vehicle production
Location battery production
France
Poland
Daimler AG
Work
Charging network together with partners improve customer experience
Daimler Corporate Presentation / July 12, 2019 / Page 61
Home
Mercedes-Benz EQC: Combined electricity consumption: 20.8 to 19.7 kWh/100 km; combined CO2 emissions: 0 g/km. Electricity consumption and range were determined on the basis of Regulation
692/2008/EC. Power consumption and range are dependent on the vehicle configuration (in particular on the selection of the maximum speed limit). I)
Mercedes-Benz GLC F-CELL: Combined hydrogen consumption: 0.34 kg/100 km, combined CO2 emissions: 0 g/km, combined electric energy consumption: 13.7 kWh/100 km; Figures for fuel consumption,
electric energy consumption and CO2 emissions are provisional and were determined by the technical service for the certification process in accordance with the WLTP test method and correlated into NEDC
figures. The EC type approval and a certificate of conformity with official figures are not yet available. Differences between the stated figures and the official figures are possible.
Mercedes-Benz C 300 de: Combined fuel consumption 1.6 l/100 km, combined CO2 emissions 42 g/km, combined electrical consumption 18.7 kWh/100 km. The stated figures were determined in accordance
with the prescribed measuring method. These are the "NEDC CO2 figures" according to Art. 2 No. 1 Implementing Regulation (EU) 2017/1153. The fuel consumption figures were calculated based on these figures.
Electrical consumption has been determined on the basis of Directive 692/2008/EC. II)
Public
Daimler AGDaimler AG Daimler Corporate Presentation / July 12, 2019 / Page 62
Daimler Trucks & Buses
Daimler AG
Our answers to master future challenges
Daimler Corporate Presentation / July 12, 2019 / Page 63
AutomatedConnected
CORE Electric
Daimler AG
Daimler Trucks: our strategy
Daimler Corporate Presentation / July 12, 2019 / Page 64
Customer
Focus
Global
Platforms
Global Market
Presence
Innovation
Leadership
Daimler AG
Strong brands and strong market positions around the world
Page 65
Brazil
JapanNAFTA
India
EU 30
#1
#1 #1 #3
#4
Russia
China
Daimler Corporate Presentation / July 12, 2019 /
Daimler AG Daimler Corporate Presentation / July 12, 2019 / Page 66
China: we are well prepared to tap into the biggest market
Strong,
committed
partnership
with Foton
Biggest market
of commercial
vehicles.
Market shifting
towards premium
segment and
new technologies.
Our Joint venture
BFDA delivers strong
sales. Over 100k
trucks sold in 2018.
Strengthen our market
position by further
enhancing our
product portfolio.
Daimler AG
Our Mission: make our customers more successful
Daimler Corporate Presentation / July 12, 2019 / Page 67
Best-in-class products
in all regions
Customer experience
as differentiatorServices beyond
the hardware
Connectivity &
Uptime
Extended Warranty
& Service Products
End—to-End Support
& Consulting
Continuous Process
Improvement
Customer-focused
product development
Service and
Parts Network
Measurable Benefits Ease of Doing Business Trusted Partner
Daimler AG
Efficiency: improving our customers’ bottom line
Daimler Corporate Presentation / July 12, 2019 / Page 68
Europe: Mercedes-Benz Actros
Fuel reduction up to -8%*
Next efficiency step by 2019
Fuel reduction up to -3%*on
motor-ways and up to -5%*
on rural routes
NAFTA: Freightliner New Cascadia Japan: FUSO Super Great
Fuel reduction up to -15%*
Complete efficiency makeover
*Fuel reductions compared to previous model
Daimler AG
Global Platforms:leveraging our global scale in technology & cost
Daimler Corporate Presentation / July 12, 2019 / Page 69
Transmissions
Electric/Electronic
Chassis
Medium-dutyengines
Heavy-duty engines
EU LA
Cabarchitecture
China
ECU3
ECU2ECU1
Daimler AG
Global platforms are a great competitive advantage – they achieve several goals at the same time:
Daimler Corporate Presentation / July 12, 2019 / Page 70
Speed of Innovation Economies of Scale R&D Efficiency
Global platforms enable
fast rollout of innovations Global platforms can secure pass-car-
like volumes.
Common base development in an
efficient R&D network.
ABA4
Pedestrian
Sideguard
AssistHDEP FE1
MDEG
NAFTA & Jp
Daimler AG
Daimler Trucks - sticking to our target: leader in the truck industry
Daimler Corporate Presentation / July 12, 2019 / Page 71
Sales targetIn thousand units
Strategic targetReturn on Sales in %
471
2017 2018 2020
517
over the cycle
8%
Daimler AG
Target: leading in the bus industry
Daimler Corporate Presentation / July 12, 2019 / Page 72
Daimler AG
Daimler Bus's target: No. 1 in the global bus business
Daimler Corporate Presentation / July 12, 2019 / Page 73
28.7
2017 2018 2020
Strategic targetReturn on Sales in %
over the cycle
30.9
Sales targetIn thousand units
6%
Daimler AG
Our invest in future technologies @ DT
Daimler Corporate Presentation / July 12, 2019 / Page 74
~ 1.4 bn € > 500 mn €
Avg. R&D investment
(2019 & 2020)
Investment in Automated Driving (Level 4)
Daimler AG
We make a lot of progress in future technologies
Daimler Corporate Presentation / July 12, 2019 / Page 75
Gain Headline
Gain Knowledge
Gain Business
Active Safety
MB Uptime
ElectricConnected Automated
Daimler AG
Connectivity: today our trucks are online in every region* with real benefits for our customers and ourselves internally
Daimler Corporate Presentation / July 12, 2019 / Page 76
Mercedes-Benz
Uptime
One common global
backbone
Real customer benefit
optimizing Uptime
Big Data Analytics as basis
to further optimize our products
* Provided internet availability.
Daimler AG
New Cascadia:
• Active Brake Assist 5.0:
Full Emergency Braking on stationary
objects incl. Pedestrians.
• Lane Keep Assist:
Lateral control at all vehicle speeds.
• Lane Departure Protection:
Active steering if vehicle departs lane.
• Side Guard Assist:
Lane Change Assist.
Turn Assist.
Trailer Sweep Assist.
• Adaptive Cruise Control:
Distronic+ down to 0mph for stop and
go traffic.
• ….
After introducing the New Actros in Europe, we have also launched Level 2 series trucks in the US.
Daimler Corporate Presentation / July 12, 2019 / Page 77
Daimler AG
We are working on all aspects of automated trucking
Daimler Corporate Presentation / July 12, 2019 / Page 78
In-vehicle computing
power
Deep Learning/
Artificial Intelligence
Learning from examples
Legal &
Homologation
Connectivity &
IT Backend
Driving Dynamic Modelling
Environment Perception
Sensor Fusion
Sensors Vehicle & Trailer
Radar, Camera, LIDAR,
Ultra Sonic
Fail Operational Design/
Redundancy
Powernet, Steering,
Braking, Sensors
HD Localization /
Interactive Connected
Maps
(online)
Truck
Software
Customer
Operations
Daimler AG
Daimler Trucks strives to develop highly automated trucks for market launch within next 10 years; investing 500+ Mio Euros including majority stake in TORC Robotics
Daimler Corporate Presentation / July 12, 2019 / Page 79
• Torc Robotics is one of most experienced self-driving
vehicle teams
• Torc Robotics to retain location, name, and team
members while working closely with Daimler Trucks
research and development teams, especially in
North America
• Daimler Trucks to leverage synergies across Daimler
through close cooperation with Mercedes-Benz Cars
on automated vehicle technologies
Daimler AG Daimler Corporate Presentation / July 12, 2019 / Page 80
The road map towards the fully automated truckThe road map towards the fully automated truck
2Partial
automation
LEVEL
1Function-specific
automation
LEVEL
5Full
automation
LEVEL
0 DriverLEVEL
High
automation4LEVEL
3Conditional
automation
LEVEL
Daimler AG
Electric: we have been the pioneers for many years
Daimler Corporate Presentation / July 12, 2019 / Page 81
2014-2017:
FUSO eCanter
fleet tests in Europe
07/2017:
Start of production
FUSO eCanter
09/2016:
Mercedes-Benz eActros prototype,
FUSO eCanter in new design
07/2016:
Mercedes-Benz eActros
technology concept
09/2010:
First prototype
of FUSO eCanter
09/2017:
FUSO eCanter
market launch
11/2017:
World premiere of Thomas
Built Buses Jouley
02/2018:
Presentation of
Mercedes-Benz
eActros
10/2017:
New brand E-FUSO
and heavy-duty
e-truck Vision One
06/2018:
Presentation of Freightliner
eCascadia and eM2
09/2018:
First handover of
Mercedes-Benz eActros
to customers
12/2018
First handover of eM2
to customers
Daimler AG
Locally emission-free and quiet: our battery-powered commercial vehicles for urban areas.
Daimler Corporate Presentation / July 12, 2019 / Page 82
Thomas Built Buses
Saf-T-Liner® eC2
2017: World premiere
2018: Innovation fleet
2019: Small series
FUSO
eCanter
2016/18: World premiere
2018/19: Innovation fleet
2021: Market introduction
eActros,
eCascadia & eM2
Mercedes-Benz
eCitaro
2014: Innovation fleet
2017: Market introduction
End of decade: Large series
2018: Customer Fleet Test
2018: Market introduction
2019: Large series
Daimler AGDaimler AG Daimler Corporate Presentation / July 12, 2019 / Page 83
Daimler Financial Services
Daimler AG
Daimler Mobility – We move you
Daimler Corporate Presentation / July 12, 2019 / Page 84
DaimlerMobility
Daimler AG Daimler Corporate Presentation / July 12, 2019 / Page 85
57%
21%
Penetration rates per vehicle segment
43%41%
Global penetration rate DFS in Q1 2019
~50%
We finance nearly every second vehicle
sold by Daimler
Daimler AG
We operate in over 40 countries and we have successfully grown our portfolio over the years
Daimler Corporate Presentation / July 12, 2019 / Page 86
Wholesale
Lease
Loan
Buses
Vans
Trucks
Passengers Cars
Others
Portfolio(in bn €)
Acquisitions(in bn €)
7.8 % CAGR
6472
8084
99
117
133140
154
2934
38 4148
5862 71 72
201720162015201420132010 20122011 2018 Q1 2019
157
Daimler AG
Daimler Financial Services: net credit losses* at low level due to disciplined risk approach
Daimler Corporate Presentation / July 12, 2019 / Page 87
* as a percentage of portfolio, subject to credit risk
0.69% 0.68%
0.50%
0.61%
0.36%
0.51%
0.89%0.83%
0.43%
0.34% 0.37%0.31%
0.24%0.31%
0.26%0.21%
0.17%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2019YTD
2015 2016 2017 2018
Daimler AG
Daimler Financial Services’ target: best financial and mobility services provider
Daimler Corporate Presentation / July 12, 2019 / Page 88
Portfolio targetin billions of EUR
139.9
2017 2018 2020
Strategic targetReturn on Equity in %
154.1 17%over the cycle
Daimler AG
is a showcase example for digital financing
Daimler Corporate Presentation / July 12, 2019 / Page 89
Daimler investment rationale behind AutoGravity engagement
• More than 3.0 million users
• Top-ranked Android & Apple app
• Over $4.5 bn in total finance requests since launch
TOP FACTS AUTOGRAVITY Q1 2019
Lead the digitization of the industryby launching disruptive approach towards automotive financing
Provide outstanding customer experiences by offering first-of-its-kind comparison app for vehicle shopping and financing
Build additional asset-light revenue sources by building commission-based platform business
Maintain customer contact and enable growthWhile relieving Daimler balance sheet via third party financing
Daimler AGDaimler AG
Increasingly more urban customers prefer to consume mobility as a service
Daimler Corporate Presentation / July 12, 2019 / Page 90
BUYINGMobility as a product
CONSUMINGMobility as a service
5.3mn 0.4mn0.4mnInsurancePolicies
Banking Customers
Vehicles in Fleet
Management
Generate New Revenueby entering a three-digit billion USD market
Extend Daimler Ecosystemby offering one-stop shopping
Prepare For The Futureby building customer base and skills
Grow Customer Baseby addressing their finance & mobility needs
5.0mnFinanced or
Leased Vehicles
Enabler Finance and Lease Enabler Finance and Lease
Q1 2019
Daimler AG
Daimler and BMW are joining forces: creating one of the leading providers of urban mobility
Daimler Corporate Presentation / July 12, 2019 / Page 91
31 million Daimler mobility service customers
at the end of 2018
Mobility joint ventures with BMW including ride hailing, car sharing, parking,
on-demand multimodal mobility and charging
Daimler AG
YOUR NOW Joint Ventures
Daimler Corporate Presentation / July 12, 2019 / Page 92
3.2*
>66
124.2
Customers**in millions
>1,200
GMV RR***in bn €
Q1 2019
* For U.S. entity of PARK, March 2019 figure estimated ** Partially, data summation w/o consideration of possible redundancies *** Gross merchandise value run rate based on figures of previous month
Cities**
0.069.2 53.2 7.7 54.1*
0.02>4 24.4 6.7 30.9*
n/a30 >110 20 >1,200*
The Mobility Powerhouse
Interactionsin millions
Daimler AG
SHARE NOW is the global market leader in free-floating car sharing
Daimler Corporate Presentation / July 12, 2019 / Page 93
Q1 2019 Highlights
- Start of Paris as a new location
with 400 fully electric smart
fortwo vehicles.
- Introduction of deep-linking on
Day One of the Joint Venture:
Customers can see all cars in
both – the car2go and the
DriveNow apps.million customers4+
cities in 30 countries13
million rentals
in Q1 20199.2
Daimler AG
FREE NOW ride-hailing and micromobility
Daimler Corporate Presentation / July 12, 2019 / Page 94
million
customers24+
drivers500,000
million tours53
Launch in Mexico City:
most successful
launch ever
Rebrand Chauffeur
Privé => Kapten
Launch in Geneva
Launch in Palermo
and 6 more
European cities
European market
introduction: Paris,
Warsaw and Athens
Rebranding Clever
Taxi => Clever;
Entering the PHV
market in Romania
Daimler AG
REACH NOW creating a global Mobility-as-a-service platform
Daimler Corporate Presentation / July 12, 2019 / Page 95
Highlights Q1 2019
Mobility Budget:
• REACH NOW extends MaaS
platform to employers to
manage, track and distribute
commuter benefits and fares
• In March 2019, Mobility Budget
was launched for more than
3,000 Daimler Financial
Services employees in
Germany
Izuko App:
• End of March 2019, REACH
NOW MaaS platform was
launched in Asia: The "Izuko"
App offers access to bus and
train, rental bikes, rental cars
and on-demand ridesharing for
the Izu region, south of Tokyo.
Daimler AG
PARK NOW one of the leading digital parking providers in Europe and North America
Daimler Corporate Presentation / July 12, 2019 / Page 96
million
customers31
cities1,200+
million transactions*in Q1 2019
54
~7 Transactions
every second
• PARK NOW available for mobile parking
payment in Zürich since April 1st, 2019
• Europe: March 2019 highest number of
transactions ever (+25% YoY)
• North America: Hit the 13 million user
milestone
PARK NOW makes parking easier, on-street or off-street. The innovative digital parking service offers users the best
possible parking solutions at a glance, allows them to reserve parking slots and manage their parking times, and
enables ticketless entry and exit in public garages as well as cashless payment of parking fees.
*ParkNow U.S. entity March 2019 figure estimated.
Daimler AG
CHARGE NOW already providing access to the largest charging network in Europe and beyond
Daimler Corporate Presentation / July 12, 2019 / Page 97
• Go-live of an additional charging
service solution in Germany
• New app features: voice control and
route planning
Integrated
charge point
operators
250+
interactionsin Q1 2019
60,000
customers
charge
points110,000+
20,000
CHARGE NOW is a service by Digital Charging Solutions GmbH (DCS), and its comprehensive charging network is a key
contributor to zero-emissions driving. CHARGE NOW makes public charge points quick and easy to locate, use and pay
for, both at home and abroad. Digital Charging Solutions GmbH develops simple, standardized access to public charge
points for car manufacturers and fleet operators.
Daimler AG
Our Mobility Services portfolio is a strong starting point to conquer the customer interface
Daimler Corporate Presentation / July 12, 2019 / Page 98
Digital Mobility
Solutions
Portfolio
Management
Urban Mobility
Concepts
Daimler Payment
Solutions
Autonomous
Services
Cooperation
Management
Bolt Flixbus TURO Via Blacklane verimi Mpay
Developments in Q1 2019
Mpay integration platform has just been
launched for the remaining 13 of total 32
markets worldwide of the Mercedes me
connect Store.
An Urban Mobility Team has been
formed at DMS in order to create a
comprehensive mobility ecosystem.
Geely and DMS will form a premium
ride-hailing joint venture in China. The
50-50 JV will be headquartered in
Hangzhou. The JV will provide ride-hailing
mobility services in several Chinese
cities using premium vehicles including
but not limited to Mercedes-Benz
vehicles.
The minority investment Careem will
become a wholly-owned subsidiary of
UBER. The Transaction is expected to
close in 2020.
Daimler AG
Self-driving technology will likely increase the demand for shared mobility services
Daimler Corporate Presentation / July 12, 2019 / Page 99
Prices will
decrease due to
higher fleet
utilization
Customer demand
will increase due to
higher attractiveness
Increasing need for
self-driving car services
FUTURE
SELF-
DRIVING
CAR
SERVICES
…Deliver a unique customer experience
…Enhance traffic safety
…Improve quality of life in cities
…Provide a huge market opportunity
Self-driving car services are expected to ... Leading to a reinforcing cycle of mobility services
Daimler AGDaimler AG Daimler Corporate Presentation / July 12, 2019 / Page 100
Daimler Group StrategyCulture
Daimler AG
we are investing in the future*
Daimler Corporate Presentation / July 12, 2019 / Page 102
C A S E
***
* Not all investments have been disclosed. ** Subject to approval by authorities.
**
*** Subject to closing.
Daimler AGDaimler AG Daimler Corporate Presentation / July 12, 2019 / Page 103
Daimler Group StrategyCompany
Daimler AG
We expect PROJECT FUTURE to create a strong family of companies with three legally independent divisions
Daimler Corporate Presentation / July 12, 2019 / Page 104
Mobility and financial services
~13,000 employees worldwide1
Trucks & Buses
~100,000 employees worldwide1
DAIMLER TRUCK AG
Cars & Vans
~175,000 employees worldwide1
MERCEDES-BENZ AG DAIMLER MOBILITY AG
In the future, the Daimler Group will
consist of three legally
independent entities
and Daimler AG as the parent
company.
The Group is creating strong
divisions with a sharp focus on
customers and markets. Daimler AG
will be the connecting element
that ensures cohesion and the
impact of a global corporation.
1) Number of employees in all companies allocated to the respective division
DAIMLER AG
Strategy, guidance and services
~2,400 employees in governance functions
~3,600 employees in business services functions
worldwide
Daimler AG
Our new structure is expected to lead to significant
benefits for Daimler
Daimler Corporate Presentation / July 12, 2019 / Page 105
Sharpen
focus
Strengthen
entrepreneurial
action
Ensure
synergies
Winning
innovation
partners
Increasing
attractiveness
on the capital
market
Daimler AG
What does the new structure mean for Daimler employees?
Daimler Corporate Presentation / July 12, 2019 / Page 106
DAIMLER AG
~136,000
DAIMLER FINANCIAL
SERVICES AG
DAIMLER AG
~6,000
MERCEDES-BENZ AG
DAIMLER TRUCK AG
DAIMLER MOBILITY
AG
Current structure
Planned structure
1) Figures only include employees that are subject to transfer of establishments
Daimler AG
The hive-down approved by our shareholders at the Annual
General Meeting will become effective in Q4 2019
Daimler Corporate Presentation / July 12, 2019 / Page 107
NewDAIMLER structure
MB AG DT AG
DM AG
Start PROJECTFUTURE
22.05.2019 November 20192018-2019
DAG
Daimler AGDaimler AG
Contents
Daimler Corporate Presentation / July 12, 2019 / Page 108
Group Financials
Divisional Information
Outlook
Daimler Group Strategy
Funding
Appendix
Daimler AG
Daimler follows a prudent Financial Policy
Daimler Corporate Presentation / July 12, 2019 / Page 109
Clear commitment to a single A rating
Dividend policy of 40% target pay-out ratio*
Balanced approach between shareholder interest and credit providers
Daimler AG
No share buybacks planned
Pensions: current funded ratio at 79%
*Based on net profit attributable to shareholders of Daimler AG.
Daimler AG
Our funding strategy is built on prudent principles
Daimler Corporate Presentation / July 12, 2019 / Page 110
Targeting
Financial
Independence
No dependence from single markets, instruments, banks or investors
Diversification of funding sources and instruments:
Bank Loans, Bonds, ABS, CP, Deposits
No Covenants, no MAC, no asset pledges, no CSAs
Maximizing
Financial
FlexibilityEarly capital market funding to save credit capacity in growth regions
New markets funded via global and local banks first
Stringent Global
Funding Policy
Liquidity matched funding
Interest rate matched funding
Currency matched funding
Country matched funding
Keeping prudent amount of Cash and Committed Credit Facility
Daimler AG
Daimler AG
Project Future – Financial Principles for “One Credit”
Daimler Corporate Presentation / July 12, 2019 / Page 111Daimler AG
Liquidity Management
Group Funding
Market Price Risk
ManagementDPLTA*
Rating
Centralized steering of group funding supported by written guarantees
Centralized steering of Group liquidity
Centralized management of the impact of market fluctuations (FX, Interest, Commodities, Pension Assets)
Strong commitment to maintain Daimler’s strong credit profile
DPLTAs* guarantee access to all operating cash flows
* DPLTA: Domination and Profit & Loss Transfer Agreement
Daimler AG
Daimler pension funded ratio increased to 79% since 2010
Daimler Corporate Presentation / July 12, 2019 / Page 112Daimler AG
3.42.2
9.88.6
11.5
7.4 7.8
4.5
6.26.9
0.3
2.01.1
0.5
3.11.9
2.43.7
0.70.0
0
2
4
6
8
10
12
14
2010 2011 2012 2013 2014 2015 2016 2017 2018 Q1 2019
in E
UR
bn
Pension Provision Daimler Group Contributions
80% 79%
1
2
3
4
5
6
7
8
0
10
20
30
40
50
60
70
80
90
66%
2010
73%
3.10%
59%
2012
3.40%
63%
2013
1.90%
2015
62%
2.60%
2014
1.90%
5.00%
75%
2016
1.80%
2011
86%
1.45%
2017
1.80%
63%
2018
4.70%
Q1 2019
+16%
Discount Rate Daimler AG (in %) Funded Ratio Daimler Group (in %)
Significant contributions of EUR 15.9bn since 2010 support the solid capital structure
Even though German Discount Rate decreased significantly since 2010, Funded Ratio increased by 16%
Daimler AG
Daimler follows a prudent financial management approach and further strengthened the balance sheet…
Daimler Corporate Presentation / July 12, 2019 / Page 113
Note: Figures may not be additive due to rounding.
Net Industrial Liquidity (in bn EUR)Gross Group Liquidity (in bn EUR)
15.418.2 18.4
21.223.3
2.8
3.5 3.7
4.3
3.4
20162015 Q1 2019
21.7
2017
22.1
2018
18.2
25.426.7
Financial Services
Industrial Business
18.619.7
16.6 16.3
11.3
20182015 2016 2017 Q1 2019
Daimler AG
Daimler AG
Financing Liabilities with a balanced mix
Daimler Corporate Presentation / July 12, 2019 / Page 114Daimler AG
Note: Figures may not be additive due to rounding.
in billions of EUR
50.863.0 67.3
76.6 82.8
27.3
29.734.6
39.439.9
10.5
11.6
11.5
11.811.9
10.6
11.0
12.512.6
3.0
1.7
1.0
2.8 2.3
1.5
1.0
2.0
2.0 1.6
4.0
0.0
0.0
7.4
2015
117.6
Q1 20192016
0.0
2017
0.0
154.9
2018
100.6
127.4
145.0
Fin. Lease (IFRS 16)
Other (ex Fin. Lease)
Acc. Deposits
Com. Paper
ABS
Bank Loans
Bonds
Daimler AG
Consequent Development to Global Capital Market Funding Diversification will continue
Daimler Corporate Presentation / July 12, 2019 / Page 115
Argentina
Domestic Debt
Issuance Prog.
MexicoDomestic Issuance Prog.
USA
144a / RegS PP
CP
ABS
EMTN
Domestic Bonds
ABS
CP
Canada
Euro Market
EMTN Program
Italian domestic
EUR CP Program
ABS
Letras
Financeiras
Brazil
South Africa
Domestic Debt
Issuance Prog.
Turkey
Domestic Bonds
EMTN
India
Domestic Bonds
Domestic CP
Australia
EMTN
Domestic CP Prog.
ABS
Thailand
Domestic Bond Prog.
Malaysia
Domestic Bond Prog.
Japan
Domestic Bonds
EMTN
Korea
Domestic Bond Prog.
China
Domestic Bonds
ABS
Daimler AG
Funding base further diversified to a true global set-up
Daimler Corporate Presentation / July 12, 2019 / Page 116
Note: Figures may not be additive due to rounding.
in billions of EUR
0%
1%
8%
2%
2%22%
23%
Other
Fin. Lease (IFRS 16)
51%
Q4 2009
ABS
Acc. Deposits
1%
53%
Q1 2019
3%
8%
Com. Paper
26%
Bank Loans
154,9
Bonds
57,30%
Currency Volume %
EUR 19,5 66%
USD 7,8 27%
ZAR 0,8 3%
JPY 0,6 2%
GBP 0,3 1%
CHF 0,2 1%
Other (AUD,
MXN, ARS)
0,2 1%
Total 29
Currencies 9
Daimler AG
Currency Volume %
EUR 35,6 43%
USD 29,8 36%
CNY 4,0 5%
GBP 3,8 5%
CAD 3,1 4%
ZAR 1,9 2%
KRW 0,7 1%
AUD 0,7 1%
MXN 0,6 1%
JPY 0,6 1%
CHF 0,4 0%
Other (NOK, THB 1,3 2%
INR, HKD, BRL,
NZD)
Total 83
Currencies 19
Daimler AG
Maturity profile further lengthened
Daimler Corporate Presentation / July 12, 2019 / Page 117
in billions of EUR as of 31 March 2019
Daimler AG
6.2
20212019
16.3
1.9
0.2
17.6
2020
0.4
1.0
2022
1.5
17.8
4.2
2023
2.0
2030
0.9
8.5
4.2
2.3
2024
2.0
20372025
1.0
2027 20292028
0.4
1.5
2026
0.8
1.3
2031
13.5
16.7
5.0
3.7
2.2
0.2
2.11.3
5.7
Issued in 2019
Maturities
Daimler AG
Solid rating supports Daimler‘s funding
Daimler Corporate Presentation / July 12, 2019 / Page 118
Current ratings: S&P: A stable A-1
Moody’s: A2 stable P-1
Fitch: A- stable F2
DBRS: A stable R-1 (low)
Daimler target: Sustaining the A rating at all rating agencies
Scope: A stable S-1
Daimler AG
Daimler AGDaimler AG
Contents
Daimler Corporate Presentation / July 12, 2019 / Page 119
Group Financials
Divisional Information
Outlook
Daimler Group Strategy
Funding
Appendix
Daimler AG
Initial application of IFRS 16
Daimler Corporate Presentation / July 12, 2019 / Page 120
IFRS 16 is a new standard regarding primarily lessee accounting. Lessor accounting is principally not affected.
Daimler will apply IFRS 16 for the first time for the financial year beginning January 1, 2019.
No restatement of Financial Statements 2018 (modified retrospective approach).
Daimler used simplifications available under IFRS 16 for transition (e.g. right-of-use asset is principally recognized with the same amount as the lease liability).
FINANCE LEASE OPERATING LEASE
Recognition of leased asset and liability
Depreciation of leased asset
Apportionment of lease payments between interest expense and reduction of liability
No recognition of leased asset or liability
Recognition of operating lease expenses
Recognition of a right-of-use (“RoU”) asset and a lease liability
Straight-line depreciation of RoUasset
Interest expense on liability (effective interest method, “frontloading of expense”)
IFRS 16(former) IAS 17
Lease
Ch
an
ge
s
Daimler AG
Key balance sheet and financial figuresin billions of euros
Daimler Corporate Presentation / July 12, 2019 / Page 121
Daimler Group Dec. 31, 2018 March 31, 2019
Equity ratio 22.2% 21.6%
Gross liquidity 25.4 26.7
Funded status of pension obligations -6.2 -6.9
Funding ratio 80% 79%*
Industrial business
Equity ratio 42.8% 39.2%
Net liquidity 16.3 11.3
Free cash flow (January-March) 1.8 -2.0
* mainly driven by a reduction of discount rates
Daimler AG
Units sales by division
Daimler Corporate Presentation / July 12, 2019 / Page 122
in thousand unitsQ1 2018 Q1 2019 % change
Daimler Group 806.9 773.8 -4
of which
Mercedes-Benz Cars 594.3 555.3 -7
Daimler Trucks 113.8 115.9 +2
Mercedes-Benz Vans 93.0 97.0 +4
Daimler Buses 5.7 5.5 -4
Daimler AG
Revenue by division
Daimler Corporate Presentation / July 12, 2019 / Page 123
in billion eurosQ1 2018 Q1 2019 % change
Daimler Group 39.8 39.7 -0
of which
Mercedes-Benz Cars 23.0 21.2 -8
Daimler Trucks 8.6 9.5 +11
Mercedes-Benz Vans 3.1 3.4 +9
Daimler Buses 0.9 0.8 -8
Daimler Financial Services 6.3 6.9 +10
Daimler AG
Revenue by region
Daimler Corporate Presentation / July 12, 2019 / Page 124
* excluding revenue of not fully consolidated companies
in billion eurosQ1 2018 Q1 2019 % change
Daimler Group 39.8 39.7 -0
of which
Europe 16.4 16.6 +1
of which Germany 6.0 6.4 +7
NAFTA 10.6 11.6 +9
of which United States 9.1 10.1 +12
Asia 10.3 9.0 -13
of which China* 5.2 4.4 -15
Other markets 2.4 2.5 +4
Daimler AG
EBIT by division
Daimler Corporate Presentation / July 12, 2019 / Page 125
* Return on sales for automotive business, return on equity for Daimler Financial Services; Daimler Group excluding Daimler Financial Services
Q1 2018 Q1 2019
EBIT in million euros; RoS/RoE in % EBIT RoS/RoE* EBIT RoS/RoE*
Daimler Group 3,335 8.3 2,802 4.9
of which
Mercedes-Benz Cars 2,060 9.0 1,298 6.1
Daimler Trucks 647 7.5 582 6.1
Mercedes-Benz Vans 172 5.6 -98 -2.9
Daimler Buses 37 4.4 -21 -2.7
Daimler Financial Services 548 17.9 1,209 35.7
Reconciliation -129 – -168 –
Daimler AG
Group EBIT in Q1 2019
Daimler Corporate Presentation / July 12, 2019 / Page 126
in million euros
-4412,802
-39
3,335
-77
-637
• Cars -792• Trucks +151• Vans +31• Buses -27
• Cars -143• Trucks +77• Vans -24• Buses +13 • Cars +173
• Trucks -293• Vans -277• Buses -44
+718
ActualQ1 2018
Volume/Structure/Net pricing
Foreignexchange
rates
Other costchanges
ActualQ1 2019
ReconciliationFinancial Services
-57
Discloseditems
• DFS:Merger of mobility services of Daimler and BMW +718
Daimler AG
Capital expenditure / Research and development
Daimler Corporate Presentation / July 12, 2019 / Page 127
Investment in property, plant and equipment
Research and development expenditure
Actual2017
Actual2018
Plan*2019-2020
Actual2017
Actual2018
Plan*2019-2020
Daimler Group 6.7 7.5 7.3 8.7 9.1 9.2
of which
Mercedes-Benz Cars 4.8 5.7 5.7 6.6 7.0 7.0
Daimler Trucks 1.0 1.1 1.1 1.3 1.3 1.4
Mercedes-Benz Vans 0.7 0.5 0.2 0.6 0.7 0.5
Daimler Buses 0.1 0.1 0.1 0.2 0.2 0.2
Daimler Financial Services 0.04 0.06 0.05 – – –
* average p.a.
in billion euros
Daimler AG
Daimler Investor Relations Events Q2-2019
Daimler Corporate Presentation / July 12, 2019 / Page 128
For latest dates please see https://www.daimler.com/investors/events/roadshows/
Apr 30 2019 CFO Roadshow London
May 7-8 2019 IR Roadshow New York/Boston
June 6 2019 UniCredit Automotive Credit Conference London
June 7 2019 dbAccess Berlin Conference Berlin
Apr 29 2019 CFO Roadshow Frankfurt
June 11 2019 J.P. Morgan European Automotive Conference London
June 6 2019 CEO/CFO Meetings Stuttgart
May 27 2019 Treasury/IR Roadshow Frankfurt
May 10 2019 Treasury/IR Roadshow Munich
Daimler AG
Daimler Investor Relations Financial Calendar 2019
Daimler Corporate Presentation / July 12, 2019 / Page 129
Feb 07 2019 Investor and Analyst Conference
Feb 15 2019 Annual Report 2018 online available
Apr 26 2019 Interim Report 1st Quarter 2019
Jul 24 2019 Interim Report 2nd Quarter 2019
For latest dates please see https://www.daimler.com/investors/events/financial-calendar/
Oct 24 2019 Interim Report 3rd Quarter 2019
May 22 2019 Annual Meeting 2019
Feb 06 2019 Annual Press Conference 2019 / Full Year Results 2018
Daimler AG
Disclaimer
Daimler Corporate Presentation / July 12, 2019 / Page 130
This document contains forward-looking statements that reflect our current views about future events. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,”
“may,” ”can,” “could,” “plan,” “project,” “should” and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties,
including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our refinancing possibilities on the
credit and financial markets; events of force majeure including natural disasters, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales,
purchasing, production or financial services activities; changes in currency exchange rates and tariff regulations; a shift in consumer preferences towards smaller, lower-margin
vehicles; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilize our production capacities; price increases for fuel or
raw materials; disruption of production due to shortages of materials, labor strikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of
cost-reduction and efficiency-optimization measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic
cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of
pending government investigations or of investigations requested by governments and the conclusion of pending or threatened future legal proceedings; and other risks and
uncertainties, some of which we describe under the heading “Risk and Opportunity Report” in the current Annual Report. If any of these risks and uncertainties materializes or if the
assumptions underlying any of our forward-looking statements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements.
We do not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication.
Directed at German costumers:
Weitere Informationen zum offiziellen Kraftstoffverbrauch und den offiziellen spezifischen CO2-Emissionen neuer Personenkraftwagen können dem „Leitfaden über den Kraftstoffverbrauch und die CO₂-Emissionen neuer Personenkraftwagen“ entnommen werden, der an allen Verkaufsstellen und bei der Deutschen Automobil Treuhand GmbH unter www.dat.de unentgeltlich erhältlich ist.
I) Stromverbrauch und Reichweite wurden auf der Grundlage der VO 692/2008/EG ermittelt. Stromverbrauch und Reichweite sind abhängig von der Fahrzeugkonfiguration[, insb. von der Auswahl der
Höchstgeschwindigkeitsbegrenzung].
II) Die angegebenen Werte sind die ermittelten „NEFZ-CO2-Werte“ i.S.v. Art. 2 Nr. 1 Durchführungsverordnung (EU) 2017/1153. Die Kraftstoffverbrauchswerte wurden auf Basis dieser Werte
errechnet. Der Stromverbrauch wurde auf der Grundlage der VO 692/2008/EG ermittelt. Als Bemessungsgrundlage für die Kraftfahrzeugsteuer kann ein höherer Wert maßgeblich sein. [Die Reichweite
wurde auf der Grundlage der VO 692/2008/EG ermittelt. Als Bemessungsgrundlage nach dem EmoG ist ein anderer Wert maßgeblich.]