Investor Visit Danske Bank

Transcription

1 Investor Visit Danske Bank Martin Primus Head of Financial Communication/ Financial Analysis, AUDI AG May 28, 2014

2 Audi Group Key figures ,605,926 Production Audi brand 10.1% Operating return on sales 1,575,480 Deliveries to customers Audi brand EUR 49.9 bn. Revenue EUR 6.8 bn. Cash flow from operating activities EUR 14.7 bn. Net liquidity (Dec. 31) EUR 5.0 bn. Operating profit 71,781 employees average workforce

3 Car markets worldwide vs. Audi deliveries to customers 1-3/2014 compared with previous year (in percent) World North America Western Europe Central & Eastern Europe South America Africa & Middle East Asia-Pacific Car markets

4 Growing signs of stabilization for Western European car markets 1-3/2014 compared with previous year (in percent) Western Europe Jan. March 2013 Jan. March 2014 Change +7.0% Germany 59,116 66, % 173, ,670 United Kingdom France 39,242 14,541 43,671 14, % +0.3% Italy 12,096 12, % Spain 10,897 11, % 1-3/ /2014

5 Political situation is a burden for Eastern European car markets 1-3/2014 compared with previous year (in percent) Central & Eastern Europe Jan. March 2013 Jan. March 2014 Change +4.8% Russia 8,278 8, % 14,001 14, / /2014

6 Audi continued its sustained growth course in North America 1-3/2014 compared with previous year (in percent) North America +3.9% 42,745 41,141 Jan. March 2013 Jan. March 2014 Change USA 34,186 35, % Canada 4,346 4, % 1-3/ /2014

7 Dynamic sales performance in Asia mainly driven by China 1-3/2014 compared with previous year (in percent) Asia Pacific +21.3% China (incl. HK) Jan. March ,810 Jan. March ,520 Change +21.1% 150,660 Japan 7,572 8, % 124,155 India 2,616 2, % 1-3/ /2014

8 Audi continues its dynamic growth pattern in China Audi in China, deliveries (in thousand vehicles) Development of Audi dealerships in China 160 >180 >200 ~300 >340 ~ Audi product strategy in China Success through localization Audi A4 L Audi A6 L Audi Q3 Audi Q5 Audi A3 Sportback (from 2014) Audi A3 Sedan (from 2014)

9 Q1/2014: Audi Group with sound financial performance despite considerable advance payments for future topics Operating profit Revenue Profit before tax EUR million 1,307 1,314 EUR million 11,734 12,951 EUR million 1,432 1, /13 1-3/14 1-3/13 1-3/14 1-3/13 1-3/14 Operating margin 10.1% (11.1%) Return on sales before tax 10.8% (12.2%)

10 Forecast 2014 Outlook Deliveries to customers Revenue Operating return on sales Return on investment (ROI) Net cash flow Ratio of investments in property, plant and equipment strong increase slight increase within the strategic target corridor of 8 to 10 percent over 18 percent significantly over EUR 2 billion 5.0 to 5.5 percent

11 The automotive industry faces several severe challenges Politics Markets Structures/capacity Technology changed market conditions Urbanization Values Climate/CO 2 Resources

12 Strategy 2020

13 Audi connect Networked mobility

14 Audi e-tron a no-compromises driving experience

15 Record investment program creates basis for future growth bis 2018 Gesamtinvestitionen von rund 22 Mrd. EUR, vor allem für: neue Modelle innovative Technologien kontinuierliche Erweiterung unserer Produktionskapazitäten By 2018, total investment of approx. EUR 22 billion, mainly for: new models innovative technologies continuous expansion of our production capacities

16 Global production network builds the basis for future growth Kaluga (Russia) San José Chiapa (Mexico) from 2016 Brussels(Belgium) Neckarsulm (Germany) Martorell (Spain) Bologna (Italy) Ingolstadt (Germany) Bratislava (Slovakia) Győr (Hungary) Sant Agata (Italy) Aurangabad (India) Changchun (China) Foshan (China) Amphur Pluakdaeng (Thailand) Manaus (Brazil) Jakarta (Indonesia) São José dos Pinhais (Brazil) from 2015 Audi brand Ducati brand Lamborghini brand

17 Investor Visit Danske Bank Martin Primus Head of Financial Communication/ Financial Analysis, AUDI AG May 28, 2014

18 Disclaimer This presentation contains forward-looking statements and information on the business development of the Audi Group. These statements may be spoken or written and can be recognized by terms such as expects, anticipates, intends, plans, believes, seeks, estimates, will or words with similar meaning. These statements are based on assumptions relating to the development of the economies of individual countries, and in particular of the automotive industry, which we have made on the basis of the information available to us and which we consider to be realistic at the time of going to press. The estimates given involve a degree of risk, and the actual developments may differ from those forecast. Consequently, any unexpected fall in demand or economic stagnation in our key sales markets, such as in Western Europe (and especially Germany) or in China or the USA, will have a corresponding impact on the development of our business. The same applies in the event of a significant shift in current exchange rates relative to the US dollar, sterling, yen and Chinese rinminbi. If any of these or other risks occur, or if the assumptions underlying any of these statements prove incorrect, the actual results may significantly differ from those expressed or implied by such statements. We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can be superseded.