scania interim report q1 2011 presentation
TRANSCRIPT
![Page 1: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/1.jpg)
Press conference Erik Ljungberg Corporate RelationsErik Ljungberg, Corporate Relations
1
![Page 2: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/2.jpg)
Interim Report, January–March 2011 Jan Ytterberg CFOJan Ytterberg, CFO
2
![Page 3: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/3.jpg)
First three months 2011 – highlights
Stable earnings growth– Increased volumeIncreased volume– Higher capacity utilisation– Currency head-windy
ROCE 43.9% (13.4%)*
*Rolling 12 month
3
Rolling 12 month
![Page 4: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/4.jpg)
Volume trendTotal deliveries trucks and busesTotal deliveries, trucks and buses
24,000Units
Deliveries +60% 16 000
20,000
in Q1 2011
Higher production
16,000
12,000
g prate y/y, stable vs Q4 2010
4,000
8,000
2007Q1 Q2 Q3 Q4 Q1
0
2008Q1 Q2 Q3 Q4
2009Q1 Q2 Q3 Q4
2010Q1 Q2 Q3 Q4
2011
4
![Page 5: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/5.jpg)
Service revenue
Volume increase5,000SEK m.
Volume increase >10%, all-time high level
4,000
Improved capacity utilisation
3,000
2,000
Negative impact from currency 1,000
,
0
2007Q1 Q2 Q3 Q4 Q1
2008Q1 Q2 Q3 Q4
2009Q1 Q2 Q3 Q4
2010Q1 Q2 Q3 Q4
2011
5
![Page 6: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/6.jpg)
Earnings trendOperating income Scania GroupOperating income, Scania Group
4,500SEK m.
20Percent
Operating marginOperating income
Net sales +25% Q1
EBIT margin 16 1%
4,000
3 000
3,500 16
14
18p g gp g
EBIT margin 16.1% (12.9) Q1
Earnings per share2,000
3,000
2,500
8
12
10
Earnings per share SEK 3.14 (1.78) 1,000
500
1,500
4
2
6
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
500
0Q1
2
0
2007 2008 2009 2010 2011
6
![Page 7: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/7.jpg)
Operating incomeVehicles and ServicesVehicles and Services
+ Volume
EBIT increase due to:– Volume
Capacity utilisationEBIT increase:
SEK 1,092 m. Q1 2011
+ Capacity
+ Price
R i l
– Capacity utilisation– Price
Negative effects: Q1 2011 - Raw material
- Mix
- Currency
Negative effects:– Currency– Mix– Raw material
7
![Page 8: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/8.jpg)
Cash flowVehicles and ServicesVehicles and Services
4 000SEK m.
Negative impact from inventory 3,000
4,000
Higher level of investment 1,000
2,000
Paid taxes related to 2010
i- 1,000
0
2007Q1 Q2 Q3 Q4
2008Q1 Q2 Q3
Q4
2009Q1 Q2 Q3 Q4
2010Q1 Q2 Q3 Q4
2011Q1
earnings
Note: Excluding acquisitions/divestments and Financial Services
- 2,000
,
8
Note: Excluding acquisitions/divestments and Financial Services
![Page 9: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/9.jpg)
Net debtVehicles and ServicesVehicles and Services
SEK m.100
Percent10 000
Net cash SEK 9,005 m.
8,000
6,000 60
100
40
80Net debt/equity ratioNet debt
4 000
10,000
(Net cash 7,700 end of 2010) 0
2,000
20102008 20092001 2002 2003 2004 2005
2006 20072000
404,000
20
02011
Proposed dividend per share SEK 5 00 (1 00)
-2,000 -20
-40-4,000
-6,000 -605.00 (1.00)
-8,000
-100-10,000
-80
9
![Page 10: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/10.jpg)
Volume trendCredit portfolio Financial ServicesCredit portfolio, Financial Services
50 000SEK m.
Portfolio +4%,local currencies
50,000
35 000
40,000
45,000
local currencies
Lower level of bad debt expenses
30,000
35,000
25,000debt expenses
Operating income SEK 107 (-10) m. 10,000
15,000
20,000
SEK 107 ( 10) m.5,000
020071999 2001 2003 2005 20091997 2011
10
![Page 11: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/11.jpg)
Summary
Stable earnings growth– Volume increase– Higher capacity utilisation– Negative currency effects
ROCE 43.9% (13.4%)*
*Rolling 12 month
11
Rolling 12 month
![Page 12: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/12.jpg)
12
![Page 13: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/13.jpg)
OutlookLeif Östling President and CEOLeif Östling, President and CEO
13
![Page 14: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/14.jpg)
Business overview – First three months
Stable European demand, normal seasonal pattern Q4 to Q1seasonal pattern Q4 to Q1
Market share 14.6% (14.2) in Europe
Good level of demand in Latin America and the Middle East
Production rate stable compared to Q4 2010
High demand for service
14
![Page 15: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/15.jpg)
Order bookings EuropeQuarterly figuresQuarterly figures
Scania order bookings, trucks10,000
8,000
9,000
5,000
6,000
7,000
2,000
4,000
3,000
1,000
0Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1Q1
2010 20112009
15
![Page 16: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/16.jpg)
European deliveriesRolling 12 monthRolling 12 month
Scania deliveries, trucks50,000
40,000
45,000
30,000
35,000
15 000
20,000
25,000
15,000
10,0002003 2004 2005 2006 2007 2008 2009 2011*2002 2010
* Refers to Scania’s regional structure where Russia is part of Eurasia
16
Refers to Scania s regional structure, where Russia is part of Eurasia
![Page 17: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/17.jpg)
Latin American deliveriesRolling 12 monthRolling 12 month
Scania deliveries, trucks20,000
16,000
18,000
10,000
12,000
14,000
4,000
8,000
6,000
2,000
02003 2004 2005 2006 2007 2008 2009 20112002 2010
17
![Page 18: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/18.jpg)
Share of vehicle deliveries Q1 2011(2007)(2007)
Europe 45% (61%)
Eurasia 7% (8%)45% (61%)
Latin AmericaAsia
21%Latin America 23% (16%)
21% (10%)Africa &
OceaniaOceania4% (5%)
1818
![Page 19: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/19.jpg)
Production – first three months
Stable production rate compared to pQ4 2010
Short and reliable delivery times
Some disruptions in supply chain
Tragedy in Japan remains to be assessed
19
![Page 20: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/20.jpg)
Service revenue
5,000SEK m.
All-time high level4,000
t e g e e
High demand in all regions
3,000
2,000all regions
1,000
,
0
2007Q1 Q2 Q3 Q4 Q1
2008Q1 Q2 Q3 Q4
2009Q1 Q2 Q3 Q4
2010Q1 Q2 Q3 Q4
2011
20
![Page 21: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/21.jpg)
Scania Euro 6 trucks
Combination of Combination of EGR and SCR
Same performance Same performance and fuel efficiency as for Euro 5
Ready for possible incentive markets
21
![Page 22: Scania Interim Report Q1 2011 Presentation](https://reader033.vdocuments.net/reader033/viewer/2022052618/554c0900b4c9053f078b5549/html5/thumbnails/22.jpg)
22