上一人人人人人 "人"人人人人人" ( x " x " x " x " x Fixed Income Presentation 上一人 上一篇： 上一篇： 2 * 2 Q1 2024 上十八十八十八十八十八十八十八十 Mercedes-Benz Group AG 2020 2012 202 202 202 x * " 人" 人" 人" 人" 人" " " " " " 大 " 大 " " " " " " " " " " at a the first and the first for the form of the for Mercedes-Benz AGENDA I. Mercedes-Benz Group Review Q1 2024 Fixed Income Presentation Q1 2024 2 II. Divisional Review Q1 2024 III. Outlook FY 2024 IV. Funding V. Sustainability VI. Luxury VII. Operating System Mercedes-Benz Group: Key figures Revenu ...

Mercedes-Benz Group AG (OTCPK:MBGAF) Q1 2024 Earnings Conference Call April 30, 2024 2:00 AM ET Company Participants Steffen Hoffmann - Head, Investor Relations & Treasury Harald Wilhelm - Chief Financial Officer Conference Call Participants Tim Rokossa - Deutsche Bank George Galliers - Goldman Sachs Stephen Reitman - Bernstein Societe Generale José Asumendi - JPMorgan Philippe Houchois - Jefferies Henning Cosman - Barclays Horst Schneider - Bank of America Operator Welcome to the Global Conference Call of ...

With new car prices finally softening after the last five years, 2024 could see increased demand from car buyers. For consumers, the average price of a new vehicle in the United States fell 1.2% this January compared to last year. The prices of used cars are also cooling off, as the average price has dropped 3% from a year ago and 12% from its April 2022 peak.At a glance, while this trend may seem concerning for investors in the automobile market, it’s actually beneficial. As new vehicles become more access ...

Mercedes-Benz Group AG (OTCPK:MBGAF) Q4 2023 Earnings Conference Call February 22, 2024 4:30 AM ET Company Participants Steffen Hoffmann - Head of IR and Treasury Harald Wilhelm - CFO Ola Kallenius - CEO Conference Call Participants Tim Rokossa - Deutsche Bank George Galliers - Goldman Sachs Group Daniel Roeska - Bernstein Patrick Hummel - UBS Jose Asumendi - J.P. Morgan Stephen Reitman - Societe Generale Horst Schneider - Bank of America Michael Raab - Kepler Mike Tyndall - HSBC Henning Cosman - Barclays H ...

Financial Data and Key Metrics Changes - The company reported stable revenues with group EBIT at 4.8% and solid cash flow at 2.3% [8][17] - Year-to-date revenues increased by 3%, while average selling price (ASP) remained almost flat year-over-year [17] - The net income level (NIL) reached 28.5, up from 26 at the beginning of the quarter [32] Business Line Data and Key Metrics Changes - Car sales totaled 511,000 units in Q3, a 2% increase year-to-date, but a 5% volume loss in the quarter due to supply constraints [11][12] - The Maybach sales increased by 26% and E-Class sales rose by 11% in the quarter [8] - The electric vehicle (EV) share reached 20% on the battery electric vehicle (BEV) side, with a 66% increase in EV sales [15] Market Data and Key Metrics Changes - Sales in China were lower year-on-year, but there was a positive quarter-over-quarter trend [12] - The S-Class maintained over 50% market share in China, with a 9% year-over-year increase [14] - The company ranked number one in customer experience satisfaction in China according to J.D. POWER [16] Company Strategy and Development Direction - The company is focusing on value over volume in a competitive market, particularly in the top-end segment [12] - The GLC and E-Class ramp-up is constrained by 48-volt supply issues, impacting overall sales [35] - The company aims to maintain its leadership position in the top-end segment while navigating supply chain challenges [39] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a subdued market environment with intensified competition and high inflation [7] - The company expects to continue facing supply chain-related costs and inflationary pressures in the near term [45][58] - Despite challenges, management remains optimistic about sales recovery in 2024, particularly for the GLC and E-Class [44][51] Other Important Information - The company confirmed its full-year guidance for return on sales adjusted at 12% to 14%, now leaning towards the lower half of this range [36] - The company is progressing well with its share buyback program, having repurchased approximately €1.3 billion worth of shares [32] Q&A Session Summary Question: Will the 48-volt supply issues provide volume catch-up opportunities in 2024? - Management expects positive momentum from the ramp-up of GLC and E-Class in 2024, which should support sales and margin evolution [44] Question: What does the current environment mean for 2024 margins and cash allocation? - Management indicated that while the EV space is competitive, they are confident in maintaining margins and will continue to evaluate capital allocation strategies [49][52] Question: How much of the Q3 issues are short-term glitches versus ongoing challenges? - Management clarified that supply chain-related costs are the main reason for margin evolution in Q3, and they expect elevated costs to continue into Q4 [57] Question: What is the outlook for order intake and inventory levels? - Order intake is trending positively, particularly for GLC e-cars, and management expects to see momentum in order intake once supply constraints are resolved [74] Question: How is the agency model impacting pricing and dealer satisfaction? - Management reported favorable impacts from the agency model on pricing and net pricing, contributing positively to margin performance [78]

Willkommen | Welcome Capital Market Presentation Q2 2023 Mercedes-Benz Group AG Stuttgart, July 27, 2023 Internal Review Q2 2023 Internal Mercedes-Benz Group: Key figures Revenue in billion euros Q2 2022 Q2 2023 36.4 38.2 +5% EBIT in billion euros Q2 2022 Q2 2023 4.6 5.0 +8% EBIT adj. in billion euros Q2 2022 Q2 2023 4.9 5.2 +6% Free Cash Flow (IB) in billion euros Net Industrial Liquidity in billion euros Q2 2022 Q2 2023 1.4 3.4 +137% 26.6 25.8 -3% 12/31/2022 06/30/2023 3 Internal Mercedes-Benz Cars: Key m ...

Mercedes-Benz Group AG (OTCPK:MBGAF) Q2 2023 Earnings Conference Call July 27, 2023 2:00 AM ET Company Participants Steffen Hoffmann - Head of Investor Relations and Treasury Ola Källenius - Chief Executive Officer Harald Wilhelm - Chief Financial Officer Conference Call Participants George Galliers - Goldman Sachs Group Daniel Roeska - Sanford C. Bernstein & Co. Tim Rokossa - Deutsche Bank AG Jose Asumendi - JPMorgan Chase & Co. Horst Schneider - Bank of America Merrill Lynch Operator Welcome to the Global ...

Mercedes Benz Group AG (OTCPK:MBGAF) Q1 2023 Earnings Conference Call April 28, 2023 2:00 AM ET Company Participants Steffen Hoffmann - Head, IR & Treasury Harald Wilhelm - Head, Finance & Controlling Conference Call Participants Stephen Reitman - Societe Generale Jose Asumendi - JPMorgan Chase & Co. George Galliers - Goldman Sachs Group Dorothee Cresswell - BNP Paribas Exane Horst Schneider - Bank of America Merrill Lynch Daniel Roeska - Sanford C. Bernstein & Co. Gautam Narayan - RBC Capital Markets Henni ...

Mercedes-Benz Group AG (OTCPK:MBGAF) Q4 2022 Results Conference Call February 17, 2023 4:15 AM ET Company Participants Steffen Hoffmann - Head of Investor Relations and Treasury Ola Kallenius - Chief Executive Officer Harald Wilhelm - Chief Financial Officer Conference Call Participants Tim Rokossa - Deutsche Bank Patrick Hummel - UBS Jose Asumendi - JPMorgan Daniel Roeska - Bernstein George Galliers - Goldman Sachs Horst Schneider - Bank of America Dorothee Cresswell - Exane Daniel Schwartz - Stifel Tom Na ...

Willkommen | Welcome Capital Market Presentation Q1 2022 Mercedes-Benz Group AG Stuttgart, April 27, 2022 Internal Review Q1 2022 2 Internal Mercedes-Benz Group: Key figures* Revenue in billion euros 32.9 34.9 +6% Q1 2021 Q1 2022 EBIT in billion euros EBIT adj. in billion euros Q1 2021 Q1 2022 5.2 4.7 +11% 4.4 Q1 2021 Q1 2022 5.3 +19% 1.3 Q1 2021 Q1 2022 1.2 -6% Free Cash Flow (IB) in billion euros Net Industrial Liquidity in billion euros 22.7 21.0 +8% 12/31/2021 03/31/2022 * 2021 figures continuing operat ...