Volvo Car (OTCPK:VLVC.Y) Earnings Call Presentation

Strategy and Electrification - Volvo Cars aims to resolve three key challenges: unique opportunities, end of globalization, and hyper competition[9, 10] - Electrification is the future, with a focus on better cars and accelerating the transition[11, 13] - The company is targeting up to a 20% reduction in marketing spend per car through a new approach to marketing[45] - Volvo Cars is transitioning to electric faster than other premium legacy OEMs, showing significant growth in electrified share of volume[54, 55] - The company is building a longer bridge to electrification with compelling long-range hybrid products[51, 63] Synergies and Cost Efficiency - Increased collaboration with Geely will be key to further reduce costs and get products to market quicker[51, 73] - Volvo Cars aims for up to 8% savings from joint negotiations with common suppliers[98] - The company is executing on a near-term SEK 18 billion cost and cash action plan[160] - Geely ranks 3 globally in BEV market share, providing unique access to China's cost structure and ecosystem[178] - Volvo Cars is targeting a structural long-term profitability of >8% EBIT[169, 184]