BILD. Volkswagen Group

Transcription

1 Picture to BILD be included Volkswagen Group Juergen Dieter Hoffmann Chief Financial Officer, Volkswagen Group Rus LLC Inaugural Bond Issuance of Volkswagen Bank RUS LLC, 6 November 2013

2 Agenda 1. Car Market Situation Worldwide / Russia 2. Volkswagen Group Who we are 3. Outlook

3 Agenda 1. Car Market Situation Worldwide / Russia 2. Volkswagen Group Who we are 3. Outlook

4 The Changing Automotive World Millions of New Consumers Altering Market Importance 60 Mature Markets BRICs Others Source: IHS Automotive Note: Mature Markets = US, Canada, Japan, S Korea, Australia, New Zealand, Western Europe 4

5 Russian passenger car market on a growth path with domestic manufacturers expected to lose further market share 000 units 4,000 International Brands Domestic Brands CAGR : +3.5 % 3,500 3,350 3,000 2,500 2,000 2,336 32% 2,684 25% 1,750 2,443 25% 2,721 21% 2,600 2,820 1,500 1,000 68% 75% 1,347 28% 31% 75% 79% % 69% Source: AEB / VGR 5

6 Russia catching up in terms of passenger car density Light vehicle density (per 1,000 inhabitants, as per 2012) 1) by ) 762 While expected to catch up significantly, car density in total Russia remains far below Western European and US levels as well as other Eastern European countries such as Hungary, Czech Republic or Poland Moscow (327) and St. Petersburg (314) have the highest density among Russian cities ) Equals Western Europe 2) 2020 forecast, Source: Autostat, VGR Source: WinFor Study Dec 2012 (Cars & Trucks); Volkswagen Group; IHS (as per 15 March 2013; rounded numbers. 6

7 Agenda 1. Car Market Situation Worldwide / Russia 2. Volkswagen Group Who we are 3. Outlook

8 Volkswagen Group Worldwide 12 brands, 280 models Largest automotive company by revenue in the world 10 th largest company in the world by revenue Largest R&D spending worldwide - $11.4 bn (05/12-05/13) 40,000 engineers in the group Setting innovation benchmarks (e.g. VW Natural Gas Engines, Audi Space Frame, Porsche Hybrids) Built on three strong pillars Passenger Cars, Commercial Vehicles and Financial Services 8

9 Volkswagen Group Worldwide Key Figures Volkswagen Group Car Sales [ 000 units] 6, % 7, % 8, % 9,344 Production [ 000 units] +21% % % Employees [ 000 units] % % % 550 Turnover [100 Mio ] % % % 1,

10 History of Volkswagen Group Rus Official start of CKD assembly (Volkswagen Tiguan and ŠKODA Octavia) Official plant opening in Kaluga Approval of Kaluga as production location and construction start Agreement within Decree 166 signed by Volkswagen Group Rus VW, VW NFZ and Audi dealers start importing via Volkswagen Group RUS Integration of Skoda into sales company Foundation of Volkswagen Group RUS Import of VW / Audi Opening of parts depot in Sergiev Posad Foundation of Representative Office Parts for VW, VW LCV and Audi *Completely Knocked Down 10

11 History of Volkswagen Group Rus *Completely Knocked Down Start of production of new engine factory Official partner of Winter Olympics in Sochi 2014 Integration SEAT, Bentley and Lamborghini; 1,000,000 th car sold 500,000 th car produced in Kaluga, production start in Nizhny Novg. Contract with GAZ signed (contract manufacturing in Nizhny Novg.) Signing of new agreement within Decree 166 Production start of ŠKODA Fabia and VW Polo Sedan, car # 200,

12 Volkswagen Group Rus Key Figures Volkswagen Group Rus Car Sales [ 000 units] % % ) +38% ) Production [ 000 units] % % % 180 Employees +57% % +2% Dealers +6% % % Friends & Family in Russia: 1) 2011/2012: Including export 12

13 Volkswagen Group Rus further improved its market position Group Ranking 2012 (incl. Light Commercial Vehicles) Volkswagen Group Rus outperforming the market Deliveries in 000 units Market share % equals m passenger cars & light commercial vehicles 1 (1) 2 (2) AvtoVAZ Hyundai-KIA 362 (+14%) 538 (-7%) Others; 17.8% AvtoVAZ; 18.3% 3 (3) 4 (5) 5 (4) Renault- Nissan Volkswagen Group Rus GM Group 1) (+38%) 288 (+19%) 353 (+17%) PSA Peugeot Citroen; 2.6% Daewoo; 3.0% GAZ Group; 3.1% Hyundai-KIA; 12.3% 6 (6) Toyota Group 169 (+27%) Ford; 4.5% 7 (7) 8 (9) 9 (8) 10 (11) Source: AEB Ford GAZ Group Daewoo PSA Peugeot Citroen 131 (+11%) 90 (+0%) 88 (-5%) 77 (+7%) Toyota Group; 5.7% GM Group; 9.8% 1) Includes Volkswagen Passenger Cars, ŠKODA, Audi, SEAT, Bentley, Lamborghini and Volkswagen Commercial Vehicles 1) Volkswagen Group Rus; 10.8% Renault- Nissan; 12.0% 13

14 Locations of Volkswagen Group Rus and Volkswagen Group companies MOSCOW / ST. PETERSBURG MAN & Scania MOSCOW Sales and Service MOSCOW Porsche Russia NIZHNY NOVGOROD Contract manufacturing KALUGA HQ and car production MOSCOW VW FS Bank, Leasing and Insurance Volkswagen Group Rus Volkswagen Group Brands 14

15 Production in Kaluga KALUGA HQ and car production Paint Shop Logistics Assembly Quality Control Body Shop Press Shop 15

16 Volkswagen Group Rus in Kaluga Key figures KALUGA HQ and car production Models produced ŠKODA Octavia (SOP EOP 2013) Volkswagen Tiguan (SOP 2009) Investment: 774 m project, thereof 570 m plant 95 m press shop Capacity: CKD* : 225,000 units/year in 2012 Staff: Production: SKD**: 45,000 units/year in ,761 employees (status December 2012) 670 cars in 3 shifts/day * Completely Knocked Down ** Semi Knocked Down ŠKODA Fabia (SOP 2010) Volkswagen Polo (SOP 2010) ŠKODA Rapid (SOP 2014) 16

17 New engine plant in Kaluga Production of new engine generation for own use as well as Volkswagen Group brands Key figures KALUGA Engine factory Engine to be produced Kaluga Moscow EA L 4V MPI Investment: ca. 250 m SOP: Start of production in 2015 Capacity: 600 engines per day Staff: >400 employees in 2015 Vertical Integration: Crankcase, cylinder head with integrated assembly, crankshaft, engine assembly including engine test Fuel: Output: Torque: Displacement: Gasoline 81 kw 160 Nm 1,598 cm³ 17

18 Completely new production NIZHNY NOVGOROD Contract manufacturing

19 Volkswagen Group Rus in Nizhny Novgorod Key figures NIZHNY NOVGOROD Contract manufacturing Models produced (CKD) ŠKODA Yeti (SOP 2012) Business model: Contract manufacturing Capacity: CKD: 132,000 units/year from 2013 Investment: Staff: 320 m thereof 135 m plant (VGR) 85 m plant (GAZ) >3,000 employees GAZ (2014e) 311 employees VGR Work system: 3 shifts (from 2013) Volkswagen Jetta (SOP 2013) ŠKODA Octavia (SOP 2013) 19

20 Volkswagen Group Rus National Sales Company MOSCOW Sales and Service Group Academy Technical Service Centre Warehouse Sales and Service 20

21 Continuous expansion of dealer network > 650 St. Petersburg (33) Moscow (81) e 21

22 Volkswagen Group Rus General Partner of Sochi 2014 Games 07/02 23/02/14 Sochi Olympics 07/03 16/03/14 Sochi Paralympics 27 Partner Companies 80 Participating Nations 10 Olympic Venues 5,000 Cars 13,000 Media 1 million Anticipated Visitors 3 billion Global Viewers Sochi 2014 Olympic Games General Partner Sochi 2014 Paralympic Games General Partner Russian Olympic Committee & Team Partner until 2016 Russian Paralympic Committee & Team Partner until

23 Our brands have a long tradition of supporting sports Support the Supporters Putting Dreams in Reach Support the Supporters Putting Dreams in Reach Road to Sochi Sochi Home of Quattro One Family. One Team. Sochi. Home of quattro 23

24 Agenda 1. Car Market Situation Worldwide / Russia 2. Volkswagen Group Who we are 3. Outlook

25 Strategy 2018 Targets Improve customer satisfaction Dealer network 650 dealers At least TOP 3 in Russia in CSS 1) High employee loyalty Leading in customer satisfaction and quality High level of employee qualification Further improved employee satisfaction Top employer Volume Profit Further improve profitability >500,000 units sales - passenger cars and light commercial vehicles At least 14% passenger car market share Invest another 1 bn in Russia 1) Customer Satisfaction Survey 25

26 Picture to BILD be included Volkswagen Group Juergen Dieter Hoffmann Chief Financial Officer, Volkswagen Group Rus LLC Inaugural Bond Issuance of Volkswagen Bank RUS LLC, 6 November 2013