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Interim Report, January–March 2014 Erik Ljungberg, Corporate Relations
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Business overview Martin Lundstedt, President and CEO
First three months of 2014
European market recovering compared to Q4 2013
Strong position in Europe and higher market share
Latin America in line with previous quarters
Growth in services
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Europe Scania trucks, order bookings
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Positive trend in underlying demand
Strong position and higher market share
Good demand for used trucks
Replacement need
European heavy truck market
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Truck registrations > 16 tonnes
Units
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
1973 1978 1983 1988 1993 1998 2003 2008 2013
Green truck 2014 award
The Scania G 410 was given an award by respected German transport trade magazines
The truck with the lowest environmental impact in the heavy tractor class
Euro 6 engine with fuel consumption averaging a record-low 23.29 litres /100 km
Latin America Scania trucks, order bookings
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Order bookings in line with previous quarters
Subsidies in Brazil will continue
Brazilian heavy truck market
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0
20,000
40,000
60,000
80,000
100,000
120,000
1990 1993 1996 1999 2002 2005 2008 2011
Units
Eurasia Scania trucks, order bookings
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Higher level of demand in Russia in Q1
Uncertain short-term outlook for the region
Asia Scania trucks, order bookings
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Improved order bookings in Q1
Higher level in the Middle East and Hong Kong
Buses and coaches Scania buses and coaches, order bookings
Q1 2013 impacted by large orders
Breakthrough for BRT-systems in Western Africa
Efficiency raising programme in city bus operations
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Engines Scania engines, order bookings
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Higher order bookings in Asia, Eurasia, Africa and Oceania
Partnership with Atlas Copco
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Ambition to increase market share
Increased presence in East Africa
> 60,000 connected Scania vehicles strengthen leading position
Growing service revenue
Summary
Positive underlying demand trend in the European market
Strong position in Europe and higher market share
Latin America in line with previous quarters
Growth in the service business
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Interim Report, January–March 2014 Jan Ytterberg, CFO
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First three months of 2014 – highlights
Higher vehicle and service volume
Improved operating margin
Strong earnings in Financial Services
High level of investments
Volume trend Total deliveries, trucks and buses
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Growth in all regions except Latin America compared to Q1 2013
Higher production volume compared to Q1 2013
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Increased revenue in local currencies
Revenue rose to SEK 4,536 m. in Q1
Service revenue
Earnings trend Operating income, Scania Group
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Net sales up 9% in Q1 2014
EBIT margin 10.7% (10.0) in Q1
Earnings per share SEK 1.95 (1.75) in Q1 2014
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Operating income Vehicles and Services
EBIT increase:
SEK 213 m., 3 months
+ Volume
+ Capacity
utilisation
+ Prices
– Currency
– Mix
– Cost
-xxxx
EBIT increase due to: – Volume – Capacity utilisation – Prices
Negative effects: – Currency – Market mix – Cost level
Cash flow Vehicles and Services
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Cash flow SEK 730 m. in Q1
High level of investments in capacity, new products
Volume trend Credit portfolio, Financial Services
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Portfolio stable since the end of 2013 in local currencies
Historically low levels of overdue receivables
Operating income SEK 266 m. (155)
Higher vehicle and service volume
Negative impact from weaker emerging market currencies
High level of investments
Improved operating margin
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Summary
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