Corporate Presentation FY 2015

Transcription

1 Corporate Presentation FY 2015

2 Contents Key figures Divisional information Group financials Daimler Group Strategy China Outlook for 2016 Appendix Daimler Corporate Presentation / Q4 & FY 2015 / Page 2

3 Key figures Unit sales (in thousands of units) 2, ,853.0 Revenue EBIT as reported from ongoing business Net profit Free cash flow of the industrial business Earnings per share (in euros) Dividend per share (in euros) in billions of euros Daimler Corporate Presentation / Q4 & FY 2015 / Page 3

4 Net industrial liquidity: development in in billions of euros - Free cash flow industrial business FY 2015: 4.0bn Net industrial liquidity 12/31/2014 Earnings and other cash flow impact Working capital impact Pension/ healthcare; M&A Dividend payment Other (mainly FX effects, capital increases to DFS and dividend payments to minority shareholders) Net industrial liquidity 12/31/2015 Daimler Corporate Presentation / Q4 & FY 2015 / Page 4

5 Contents Key figures Divisional information Group financials Daimler Group Strategy China Outlook for 2016 Appendix Daimler Corporate Presentation / Q4 & FY 2015 / Page 5

6 Mercedes-Benz Cars: profitable growth through success of attractive models Unit sales in thousands of units Revenue in billions of euros EBIT from ongoing business in millions of euros 1,723 2, % +14% +40% 5,964 8, Daimler Corporate Presentation / Q4 & FY 2015 / Page 6

7 Mercedes-Benz Cars: sales volume at new record level - in thousands of units , , smart Sports Cars SUVs* S-Class E-Class C-Class A-/B-Class * incl. GLA Daimler Corporate Presentation / Q4 & FY 2015 / Page 7

8 Mercedes-Benz Cars: balanced sales structure - unit sales in thousands - 2,001 1, Rest of world Western Europe excl. Germany Germany United States China Daimler Corporate Presentation / Q4 & FY 2015 / Page 8

9 Mercedes-Benz Cars: EBIT from ongoing business - in millions of euros - + 2, %* 5,964 Higher unit sales Net pricing Efficiency enhancements Foreign exchange rates Higher expenses for new technologies, future products and additional capacity 10.0%* 8,343 * Return on sales EBIT 2014 EBIT 2015 Daimler Corporate Presentation / Q4 & FY 2015 / Page 9

10 Daimler Trucks: successful development in heterogeneous market environment Unit sales in thousands of units Revenue in billions of euros EBIT from ongoing business in millions of euros % +16% +32% 2,073 2, Daimler Corporate Presentation / Q4 & FY 2015 / Page 10

11 Daimler Trucks: sales growth in NAFTA region and Western Europe - in thousands of units Rest of world Asia Latin America NAFTA region Western Europe Daimler Corporate Presentation / Q4 & FY 2015 / Page 11

12 Daimler Trucks: incoming orders below prior-year level - in thousands of units Rest of world Asia Latin America NAFTA region Western Europe Daimler Corporate Presentation / Q4 & FY 2015 / Page 12

13 Daimler Trucks: EBIT from ongoing business - in millions of euros %* 2,073 Higher unit sales in NAFTA region and Europe Efficiency enhancements Foreign exchange rates Lower unit sales in Latin America and Indonesia Higher expenses for new technologies, future products and additional capacity Warranty and goodwill costs 7.3%* 2,742 * Return on sales EBIT 2014 EBIT 2015 Daimler Corporate Presentation / Q4 & FY 2015 / Page 13

14 Mercedes-Benz Vans: success in volatile markets Unit sales in thousands of units Revenue in billions of euros EBIT from ongoing business in millions of euros % +15% +49% Daimler Corporate Presentation / Q4 & FY 2015 / Page 14

15 Mercedes-Benz Vans: market success of mid-size vans - in thousands of units Sprinter Vito V-Class* Citan * incl. Viano Daimler Corporate Presentation / Q4 & FY 2015 / Page 15

16 Mercedes-Benz Vans: EBIT from ongoing business - in millions of euros %* 638 Higher unit sales Material costs Warranty and goodwill costs 8.3%* 952 * Return on sales EBIT 2014 EBIT 2015 Daimler Corporate Presentation / Q4 & FY 2015 / Page 16

17 Daimler Buses: strong EBIT despite significant market contraction in Latin America Unit sales in thousands of units Revenue in billions of euros EBIT from ongoing business in millions of euros % -2% -4% Daimler Corporate Presentation / Q4 & FY 2015 / Page 17

18 Daimler Buses: lower demand for bus chassis in Brazil - unit sales in thousands Rest of world Latin America (excl. Brazil and Mexico) Brazil Mexico Europe Daimler Corporate Presentation / Q4 & FY 2015 / Page 18

19 Daimler Buses: EBIT from ongoing business - in millions of euros %* 211 Higher unit sales and better model mix in Europe Efficiency enhancements Foreign exchange rates Negative impact due to economic situation in Latin America 4.9%* 202 * Return on sales EBIT 2014 EBIT 2015 Daimler Corporate Presentation / Q4 & FY 2015 / Page 19

20 Daimler Financial Services: further business growth New business in billions of euros Contract volume in billions of euros EBIT from ongoing business in millions of euros % +18% +17% 1,387 1, /31/ /31/ Daimler Corporate Presentation / Q4 & FY 2015 / Page 20

21 Daimler Financial Services: growth in all regions - contract volume in billions of euros Africa & Asia-Pacific Americas Europe (excl. Germany) /31/ /31/2015 Germany Daimler Corporate Presentation / Q4 & FY 2015 / Page 21

22 Daimler Financial Services: EBIT from ongoing business - in millions of euros %* 1,387 Higher contract volume Foreign exchange rates Higher expenses due to business growth 18.3%* 1,619 * Return on equity EBIT 2014 EBIT 2015 Daimler Corporate Presentation / Q4 & FY 2015 / Page 22

23 Contents Key figures Divisional information Group financials Daimler Group Strategy China Outlook for 2016 Appendix Daimler Corporate Presentation / Q4 & FY 2015 / Page 23

24 Development of EBIT and RoS from ongoing business* - EBIT in billions of euros; RoS in % ,4% 7,4% 8,1% 6,8% 6,5% 7,7% * EBIT from ongoing business of Daimler Group; return on sales from ongoing business of Daimler Group excluding Daimler Financial Services Daimler Corporate Presentation / Q4 & FY 2015 / Page 24

25 Dividend at record level based on strong net profit Net profit* in billions of euros Dividend per share in euros thereof: related to RRPSH and Tesla * attributable to shareholders of (proposed) Daimler Corporate Presentation / Q4 & FY 2015 / Page 25

26 Development of dividend per share - in euros - +76% (proposed) Daimler Corporate Presentation / Q4 & FY 2015 / Page 26

27 Increased investment as a basis for profitable growth - in billions of euros Investment in property, plant and equipment Research and development expenditure Actual 2010 Actual 2011 Actual 2012 Actual 2013 Actual 2014 Actual 2015 Plan 2016/17 (average p.a.) Daimler Corporate Presentation / Q4 & FY 2015 / Page 27

28 Capital expenditure / Research and development - in billions of euros - Investment in property, plant and equipment Research and development expenditure Actual 2014 Actual 2015 Plan 2016/2017 (average p.a.) Actual 2014 Actual 2015 Plan 2016/2017 (average p.a.) Daimler Corporate Presentation / Q4 & FY 2015 / Page 28

29 Contents Key figures Divisional information Group financials Daimler Group Strategy China Outlook for 2016 Appendix Daimler Corporate Presentation / Q4 & FY 2015 / Page 29

30 Clear aspiration for all our divisions Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services Most successful premium manufacturer No 1 in the global truck business Most successful player in worldwide van business No 1 in the global bus business Best financial and mobility services provider 30 Daimler Corporate Presentation / Q4 & FY 2015 / Page 30

31 The four strategic focus areas of Daimler Daimler Corporate Presentation / Q4 & FY 2015 / Page 31

32 Profit targets Profit targets [Return on Sales / Return on Equity 1) in %] Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services Return on sales-target for the automotive business : 9 percent 1) Daimler Financial Services Daimler Corporate Presentation / Q4 & FY 2015 / Page 32

33 Mercedes-Benz Cars Daimler Corporate Presentation / Q4 & FY 2015 / Page 33

34 2016: The product offensive continues Daimler Corporate Presentation / Q4 & FY 2015 / Page 34

35 Mercedes-Benz E-Class: Masterpiece of intelligence Daimler Corporate Presentation / Q4 & FY 2015 / Page 35

36 smart: Summer in the city Daimler Corporate Presentation / Q4 & FY 2015 / Page 36

37 Our product offensive continues in 2016! E-Class Limousine SL new generation E-Class (LWB) GLS new generation S-Class Convertible CLA new generation E-Class T-Modell smart Convertible SLC C-Class Convertible GLC Coupé smart EV 2016 Daimler Corporate Presentation / Q4 & FY 2015 / Page 37

38 smart: Summer in the city Daimler Corporate Presentation / Q4 & FY 2015 / Page 38

39 We are on our way to emission-free driving Example: MBC fleet consumption in Europe CO 2 -emissions (g/km) l 7.3 l 6.9 l 6.4 l 6.3 l l l % l l g l Actual Target 2016 EU Legislation 95 <4.0 l until 2020 Daimler Corporate Presentation / Q4 & FY 2015 / Page 39

40 Our roadmap for sustainable mobility High-tech combustion engines Plug-in hybrids Electric vehicles with battery or fuel-cell Mercedes-AMG GT S: Fuel consumption urban/extra-urban/combined: 12,5-12,2/7,9-7,8/9,6-9,4 l/100 km, CO 2 emissions combined: g/km. 40 Daimler Corporate Presentation / Q4 & FY 2015 / Page 40

41 The new diesel engine OM654 key figures Daimler Corporate Presentation / Q4 & FY 2015 / Page 41

42 Our Plug-In Hybrid Rollout is at full speed C-Class Daimler Corporate Presentation / Q4 & FY 2015 / Page 42

43 Product offensive to fuel our sales offensive Mercedes-Benz sales development First product offensive Current Product offensive 1.63 m Schematic representation 530 k Daimler Corporate Presentation / Q4 & FY 2015 / Page 43

44 Efficiency increase for profitable growth Our growth plan Revenue growth Schematic representation Today Asset and fixed cost development 2020 Daimler Corporate Presentation / Q4 & FY 2015 / Page 44

45 Autonomous driving goes far beyond technology Daimler Corporate Presentation / Q4 & FY 2015 / Page 45

46 The new E-Class takes autonomous and accident-free driving to the next level Beltbag Active Lane Keeping Assist DRIVE PILOT with Distance Pilot DISTRONIC, Steering Pilot, Active Lane Change Assist, Active Emergency Stop Assist, Speed Limit Pilot Car-to-X-Communication PRE-SAFE PLUS Remote Park-Pilot PRE-SAFE Impulse Side PRE-SAFE Active Braking Assist with Pedestrian Detection, Cross-Traffic Function and Congestion Emergency Braking Function MULTIBEAM LED Headlights with Adaptive High Beam Assist Active Blind Spot Assist Evasive Steering Assist Daimler Corporate Presentation / Q4 & FY 2015 / Page 46

47 Connectivity as enabling technology is the core of Infotainment Examples EVs Examples Safety Examples Autonomous Driving Examples Navigation Remote Services Live Traffic Information Car-2-Car Communication Radio/ Media Range on Map Car-2-X Warnings Smart Routing Internet/ Apps Charging Station Search Emergency Call Intelligent Parking Assist Daimler Corporate Presentation / Q4 & FY 2015 / Page 47

48 Our target: No.1 premium car manufacturer Sales target In thousand units Profitability target Return on Sales in % 2,001 significantly higher than 2015 No. 1 on a sustainable basis Daimler Corporate Presentation / Q4 & FY 2015 / Page 48

49 Daimler Trucks Daimler Corporate Presentation / Q4 & FY 2015 / Page 49

50 Our strategy pays off and we continue executing it Technology leadership in efficiency, safety and connectivity Global Market Presence in traditional and emerging markets Intelligent Platforms for tailored products and decisive economies of scale Daimler Corporate Presentation / Q4 & FY 2015 / Page 50

51 Broadest and strongest truck portfolio in our history Daimler Corporate Presentation / Q4 & FY 2015 / Page 51

52 Efficiency: Emission-free driving in urban areas Daimler Corporate Presentation / Q4 & FY 2015 / Page 52

53 Efficiency: the most efficient trucks are Daimler Trucks ~10% ~7% ~5% less fuel than fuel duel competitors* less fuel than previous model below Fuel Efficiency Standard in Japan Mercedes-Benz Actros Freightliner Cascadia Evolution Fuso Super Great V *10.3% average saving versus competitor vehicles in over 1,900 so-called fuel duels in European fleets [8,981,019 kilometers driven and more than 90% duels won] as of December 2015 Daimler Corporate Presentation / Q4 & FY 2015 / Page 53

54 Efficient trucks and integrated powertrain components will strengthen undisputed market leadership in NAFTA Integrated Powertrain Penetration rate components, yearend 2015 Heavy Duty Engines - DD15 & DD13 86% Automated Manual Transmission DT12 39% Front Axle 73% Rear Axle 50% Daimler Corporate Presentation / Q4 & FY 2015 / Page 54

55 Heavy investment in captive powertrain components Capacity Investments HDEP 2020 MDES NAFTA HD Engine HD Transmission Strong NAFTA demand challenges current Heavy-duty (HD) powertrain capacities Invest to provide additional capacities for HD engine and transmission Daimler Trucks HD engines are leading in Total Cost of Ownership in NAFTA & Europe To maintain this position, investments for further technology improvements of HD engine are being made Currently no captive NAFTA MD engine Target: Repeat HD Powertrain success story in terms of Fuel Efficiency/TCO Invest in roll-out of MD engine platform in NAFTA Daimler Corporate Presentation / Q4 & FY 2015 / Page 55

56 Safety: new Blind Spot Monitor improves active safety Daimler Corporate Presentation / Q4 & FY 2015 / Page 56

57 Pioneering autonomous driving Daimler Corporate Presentation / Q4 & FY 2015 / Page 57

58 Pioneering connectivity A modern truck provides all kind of data Connecting the truck with the cloud allows for much more efficient logistics We re hitting the ground running: providing advanced telematics with FleetBoard and Detroit Connect There s much more to come and Daimler Trucks will lead the way Driver management Vehicle management Logistics Management Daimler Corporate Presentation / Q4 & FY 2015 / Page 58

59 With our new Regional Centers, we push sales and after sales in emerging markets Middle East/ Northern Africa Southern Asia Latin America Southern Africa Central Africa Southeast Asia Daimler Corporate Presentation / Q4 & FY 2015 / Page 59

60 Roll-out of intelligent platforms continues: Medium-duty engines for NAFTA, transmission for Fuso Heavy-duty engines Medium-duty engines Transmissions EU LA Cab architecture Electrics/ electronics Chassis Existing platforms Further platforms in discussion Daimler Corporate Presentation / Q4 & FY 2015 / Page 60

61 Sticking to our target: undisputed leader in the truck industry Sales target In thousand units Profitability target Return on Sales in % 496 > over the cycle Daimler Corporate Presentation / Q4 & FY 2015 / Page 61

62 Daimler Financial Services Daimler Corporate Presentation / Q4 & FY 2015 / Page 62

63 Strong business growth - Contract volume in billions of euros Daimler Corporate Presentation / Q4 & FY 2015 / Page 63

64 Services become an ever-more important part of our business model Financing Leasing Insurance Mobility Services Fleet Management Banking Services Mercedes-Benz Rent Nearly every second vehicle delivered to customers worldwide is being financed or leased* * Global average penetration rate with regard to passenger cars and commercial vehicles Daimler Corporate Presentation / Q4 & FY 2015 / Page 64

65 Mobility services on growth path >1,000,000 people use our mobility services Daimler Corporate Presentation / Q4 & FY 2015 / Page 65

66 Contents Key figures Divisional information Group financials Daimler Group Strategy China Outlook for 2016 Appendix Daimler Corporate Presentation / Q4 & FY 2015 / Page 66

67 Daimler presence in Mainland China Daimler Northeast Asia Parts Trading & Services Co., Ltd. Equity: DAI 100% Business: Spare Parts trading & services Mercedes-Benz Parts Manufacturing & Services Ltd. Equity: DAI 100% Business: Parts Re-manufacture Daimler Trucks and Buses (China) Ltd. Equity: DAI 100% Business: Daimler Trucks & Buses wholesale Daimler Greater China Ltd. Equity: DAI 100% Business: Investment Holding Mercedes-Benz (China) Ltd. Equity: DAI 75% / LSH 25% Business: MB PV wholesale Beijing Mercedes-Benz Sales Service Co., Ltd. Equity: DAI 51% / BAIC 49% Business: MB PV sales management Mercedes-Benz Auto Finance Ltd. Equity: DAI 100% Business: Financial Services Beijing Benz Automotive Co., Ltd. Equity: DAI 49% / BAIC 51% Product: MB C-Class, E-Class, GLC SUV, GLA SUV Beijing Foton Daimler Automotive Co., Ltd. Equity: DAI 50% / Foton 50% Product: MHDT Auman Truck, OM457 Engine Fujian Benz Automotive Co., Ltd. Equity: FJMG 50% / DAI 34% / CMC 16% Product: MB Vito/Viano, Sprinter Shenzhen BYD Daimler New Technology Co., Ltd. Equity: DAI 50% / BYD 50% Product: DENZA Beijing Fuzhou Shenzhen Mercedes-Benz Leasing Co., Ltd. Equity: DAI 65% / BAIC 35% Business: Finance Lease, Operating Lease car2go China Co., Ltd. Equity: DAI 100% Business: car2go business operation Daimler Corporate Presentation / Q4 & FY 2015 / Page 67

68 Daimler in China Mercedes-Benz Cars Production Distribution R&D Auto Finance Beijing Fuzhou Daimler Trucks Production and Distribution Mercedes-Benz Vans Production and Distribution Shenzhen NEV Development, Production and Distribution Daimler Corporate Presentation / Q4 & FY 2015 / Page 68

69 We do our homework and we re determined to pick up the pace in China Integrated Sales Organization Expansion Dealer Network Extension Product Portfolio Extension Local Production Extension Local R&D Leverage Financial Services Daimler Corporate Presentation / Q4 & FY 2015 / Page 69

70 Mercedes-Benz Cars Sales Development in China Retail Sales (incl. Hong Kong) in thousands of units Daimler Corporate Presentation / Q4 & FY 2015 / Page 70

71 Local production in China is ramping up resulting in increasing retail sales and at-equity result at BBAC - in units - - in millions of euros BBAC at-equity result BBAC retail sales Daimler Corporate Presentation / Q4 & FY 2015 / Page 71

72 Mercedes-Benz Network Development in China Number of Outlets Daimler Corporate Presentation / Q4 & FY 2015 / Page 72

73 Key Product Launches in 2015 and Mercedes-Maybach (January 2015) GLA SUV (April 2015) C-Class W205 (June 2015) new/facelifted cars launched in 2015 GLE Sport SUV (September 2015) GLE SUV (October 2015) GLC SUV (November 2015) 2016 continue product offensive in China new E-Class facelifted GLS SUV new C-Class Coupe more to come Daimler Corporate Presentation / Q4 & FY 2015 / Page 73

74 Contents Key figures Divisional information Group financials Daimler Group Strategy China Outlook for 2016 Appendix Daimler Corporate Presentation / Q4 & FY 2015 / Page 74

75 Assumptions for automotive markets in 2016 Car markets Medium- and heavy-duty truck markets Van markets Bus markets Global Western Europe USA China NAFTA region Europe Japan* Brazil Indonesia* Europe USA Western Europe Brazil +3 to 4% slight growth slight growth significant growth around -10% slight growth around the prior-year level around -10% around the prior-year level slight growth for mid-size and large vans slight growth slight growth significant decrease * including light-duty trucks Daimler Corporate Presentation / Q4 & FY 2015 / Page 75

76 2016 sales outlook Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Significantly higher unit sales Strong momentum from renewed SUV portfolio and further plug-in hybrid models Launch of all-new E-Class, C-Class Coupé, S-Class Cabriolet and smart fortwo cabrio Unit sales at the prior-year level Sustained market leadership in softening NAFTA market, strong product portfolio across all regions, expansion of global market presence with regional centers Significantly higher unit sales Significant growth in core market Western Europe Continued momentum from Mercedes-Benz Vans goes global strategy Unit sales at the prior-year level Maintain market leadership in core markets Positive development in Western Europe and Mexico, lower demand in Brazil Daimler Corporate Presentation / Q4 & FY 2015 / Page 76

77 2016 outlook for EBIT from ongoing business We expect Group EBIT for FY 2016 to increase slightly based on the following expectations for divisional EBIT: Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services Slightly above the prior-year level At the prior-year level Slightly above the prior-year level Slightly above the prior-year level Slightly above the prior-year level Daimler Corporate Presentation / Q4 & FY 2015 / Page 77

78 Contents Key figures Divisional information Group financials Daimler Group Strategy China Outlook for 2016 Appendix Daimler Corporate Presentation / Q4 & FY 2015 / Page 78

79 Key balance sheet and financial figures Daimler Group Dec. 31, 2014 Dec. 31, 2015 Equity ratio 22.1% 23.6% Gross liquidity Industrial business Equity ratio 40.8% 44.2% Net liquidity Free cash flow in billions of euros Daimler Corporate Presentation / Q4 & FY 2015 / Page 79

80 Unit sales % change Daimler Group 2, , of which Mercedes-Benz Cars 1, , Daimler Trucks Mercedes-Benz Vans Daimler Buses in thousands of units Daimler Corporate Presentation / Q4 & FY 2015 / Page 80

81 Revenue by division % change Daimler Group of which Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services Contract volume of Daimler Financial Services* * at year-end in billions of euros Daimler Corporate Presentation / Q4 & FY 2015 / Page 81

82 Development of unit sales and revenue by divisions since 2010 Sales in thousands of units Revenue in billions of euros 2, , % +53% Daimler Financial Services Daimler Buses Mercedes-Benz Vans Daimler Trucks Mercedes-Benz Cars Daimler Corporate Presentation / Q4 & FY 2015 / Page 82

83 Revenue by region % change Daimler Group of which Western Europe of which Germany NAFTA of which United States Asia of which China* Other markets * excluding revenue of not fully consolidated companies in billions of euros Daimler Corporate Presentation / Q4 & FY 2015 / Page 83

84 EBIT by division EBIT in millions of euros; RoS in % - EBIT RoS* EBIT RoS* Daimler Group 10, , of which Mercedes-Benz Cars 5, , Daimler Trucks 1, , Mercedes-Benz Vans Daimler Buses Daimler Financial Services 1,387 1,619 Reconciliation * Return on sales; Daimler Group excluding Daimler Financial Services Daimler Corporate Presentation / Q4 & FY 2015 / Page 84

85 Group EBIT in in millions of euros - 10,752 +2,939 Cars +2,133 Trucks +425 Vans +428 Buses Cars +451 Trucks +409 Vans +15 Buses ,249 Cars -204 Trucks -165 Vans -130 Buses +8 of which: Own dealer network -28 Recall due to Takata airbags -340 Public-sector levies related to prior periods -121 Workforce adjustments Daimler Trucks +91 RRPSH (sale of shares and put option)* -888 Tesla (hedge of share price and remeasurement)* -594 EU antitrust proceedings* ,186 Actual 2014 Volume/ Structure/ Net pricing Foreign exchange rates Other cost changes Financial Services Reconciliation Special items affecting EBIT Actual 2015 * in 2014 Daimler Corporate Presentation / Q4 & FY 2015 / Page 85

86 Group EBIT in Q in millions of euros ,901 2,138 Cars +491 Trucks +17 Vans +214 Buses -30 Cars +363 Trucks +23 Vans +36 Buses -55 Cars -457 Trucks +60 Vans -111 Buses +70 of which: Own dealer network +23 Recall due to Takata airbags -340 Public-sector levies related to prior periods -121 Workforce adjustments Daimler Trucks +20 Hedge of Tesla share price* -106 EU antitrust proceedings* +600 Actual Q Volume/ Structure/ Net pricing Foreign exchange rates Other cost changes Financial Services Reconciliation Special items affecting EBIT Actual Q * in Q Daimler Corporate Presentation / Q4 & FY 2015 / Page 86

87 Special items affecting EBIT Q4 Full year Mercedes-Benz Cars Restructuring of own dealer network Relocation of headquarters of MBUSA Sale of real estate in the United States +87 Impairment of investments in the area of alternative drive systems -30 Recall in connection with Takata airbags Public-sector levies related to prior periods Daimler Trucks Workforce adjustments Restructuring of own dealer network Sale of Atlantis Foundries Impairment of investment in Kamaz in millions of euros Daimler Corporate Presentation / Q4 & FY 2015 / Page 87

88 Special items affecting EBIT Q4 Full year Mercedes-Benz Vans Restructuring of own dealer network Relocation of headquarters of MBUSA -1-3 Reversal of impairment of investment in FBAC +61 Recall in connection with Takata airbags Daimler Buses Business repositioning Restructuring of own dealer network Sale of investment in New MCI Holdings Inc Reconciliation Measurement of put option for RRPSH -118 Sale of shares in RRPSH +1,006 Remeasurement of Tesla shares +718 Sale of Tesla shares and hedge of Tesla share price Expenses related to EU antitrust proceedings in millions of euros Daimler Corporate Presentation / Q4 & FY 2015 / Page 88

89 EBIT from ongoing business EBIT in millions of euros; RoS in % - EBIT RoS* EBIT RoS* Daimler Group 10, , of which Mercedes-Benz Cars 5, , Daimler Trucks 2, , Mercedes-Benz Vans Daimler Buses Daimler Financial Services 1,387 1,619 Reconciliation * Return on sales; Daimler Group excluding Daimler Financial Services Daimler Corporate Presentation / Q4 & FY 2015 / Page 89

90 Q4 2015: EBIT from ongoing business Q Q EBIT in millions of euros; RoS in % - EBIT RoS* EBIT RoS* Daimler Group 2, , of which Mercedes-Benz Cars 1, , Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services Reconciliation * Return on sales; Daimler Group excluding Daimler Financial Services Daimler Corporate Presentation / Q4 & FY 2015 / Page 90

91 Capital expenditure / Research and development Investment in property, plant and equipment Research and development expenditure Actual 2014 Actual 2015 Plan* Actual 2014 Actual 2015 Plan* Daimler Group of which Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services * average p.a. in billions of euros Daimler Corporate Presentation / Q4 & FY 2015 / Page 91

92 MBC retail sales by model FY in units - Retail sales FY 2015 FY 2014 Change in % Mercedes-Benz 1,871,599 1,650, % of which*: A-/B-Class 414, ,577 +6% C-Class 460, , % E-Class 301, ,205-11% S-Class 107, ,277 0% SUVs** 525, , % Sports Cars 30,441 31,440-3% V-Class 31,501 24, % smart 119,382 89, % Mercedes-Benz Cars 1,990,981 1,739, % * incl. Derivatives ** incl. GLA Daimler Corporate Presentation / Q4 & FY 2015 / Page 92

93 MBC retail sales major markets FY in units - Retail sales FY 2015 FY 2014 Change in % China* 386, , % thereof PbP 237, , % USA 350, ,623 +3% Germany 309, , % UK 152, , % BRIKT** 149, , % Italy 76,064 61, % Japan 65,983 61,768 +7% France 62,971 55, % South Korea 45,638 35, % Spain 45,132 34, % Russia 42,179 50,131-16% Canada 39,696 36,474 +9% Turkey 30,433 23, % Rest of World 351, , % Mercedes-Benz Cars 1,990,981 1,739, % *Incl. Hong Kong **BRIKT: Brazil, Russia, India, South Korea and Turkey Daimler Corporate Presentation / Q4 & FY 2015 / Page 93

94 MBC regional retail sales mix FY 2015 Rest of World 17,7% 19,4% China* Canada 2,0% Spain 2,3% France 3,2% Japan 3,3% Italy 3,8% BRIKT** 7,5% 17,6% USA 7,7% 15,6% *Incl. Hong Kong **BRIKT: Brazil, Russia, India, South Korea and Turkey UK Germany Daimler Corporate Presentation / Q4 & FY 2015 / Page 94

95 Daimler Financial Services: net credit losses* at low level 0,89% 0,83% 0,69% 0,68% 0,50% 0,61% 0,36% 0,51% 0,43% 0,34% 0,37% 0,31% 0.24% * as a percentage of portfolio, subject to credit risk Daimler Corporate Presentation / Q4 & FY 2015 / Page 95

96 Daimler follows a conservative Financial Policy Clear commitment to a single A rating Balanced approach between shareholder interest and credit providers Dividend policy on a sustainable basis (40% target pay-out ratio) No share buybacks planned, further pension contributions will be evaluated Daimler Corporate Presentation / Q4 & FY 2015 / Page 96

97 Bond Maturities - in billions of euros - Bonds total outstanding as of Q4 2015: 50.8 Bonds short term Q Q Q Q Next 12 months Bonds long term 0-1 Y 1-2 Y 2-3 Y 3-4 Y 4-5 Y 5-6 Y >6 Y Daimler Corporate Presentation / Q4 & FY 2015 / Page 97

98 Bonds and ABS Development in billions of euros - Bond development -9,4 10,8-10,2 16,9 Maturities New deals 38,7 42,9 50, Actual 2014 Actual 2015 Actual ABS development -4,4-5,8 6,2 3,5 6,1 6,0 7, Actual 2014 Actual 2015 Actual Note: Figures may not be additive due to rounding. Daimler Corporate Presentation / Q4 & FY 2015 / Page 98

99 Financial Flexibility is Key Liquidity Management Tool ~ 100% General approach: ABS Potential Other CP ABS Maturities of next 12 months need to be covered by financial flexibility* Credit Facility Liqui FS Bank Loans Bonds * Financial flexibility = Cash + Committed Credit Facilities + Receivables available for sale (RAFS) Liqui IB available Liquidity Maturity Acc. Dep. Ensures repayment of maturing debt in case of stress scenarios Daimler Corporate Presentation / Q4 & FY 2015 / Page 99

100 Our funding strategy is built on prudent principles Targeting Financial Independence Maximizing Financial Flexibility Stringent Global Funding Policy 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 Keeping prudent amount of Cash and Committed Credit Facility New markets funded via global and local banks first Early capital market funding to save credit capacity in growth regions Liquidity matched funding Interest rate matched funding Currency matched funding Country matched funding Daimler Corporate Presentation / Q4 & FY 2015 / Page 100

101 Disclaimer The figures in this document are preliminary and have neither been approved yet by the Supervisory Board nor audited by the external auditor. 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 worsening of the sovereign-debt crisis in the euro zone; an increase in political tension in Eastern Europe; 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; 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 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. Daimler Corporate Presentation / Q4 & FY 2015 / Page 101