scania q1 2012 presentation
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1
Press conference Erik Ljungberg, Corporate Relations
2
Interim Report, January – March 2012Jan Ytterberg, CFO
3
First three months of 2012 – highlights
Demand stabilising
Earnings impacted by lower deliveries and lower capacity utilisation
High service revenue
Good cash flow
0
4,000
8,000
12,000
16,000
20,000
24,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Volume trendTotal deliveries, trucks and buses
4
Lower deliveries in Europe and the Middle East
Brazil supported by about 2,000 Euro 3-vehicles
Production adjusted to demand
2008 2009 2010 20122011
Units
Service revenue
0
1,000
2,000
3,000
4,000
5,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
5
Stable high level in Europe despite weakness in south
Growing volume outside Europe
Revenue increase 5% in Q1
SEK m.
2008 2009 2010 20122011
Earnings trendOperating income, Scania Group
0
2
4
6
8
10
12
14
16
18
20
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
6
SEK m.
Net sales -3% in Q1 2012
EBIT margin 11.5% (16.1) in Q1
Percent
Operating marginOperating income
2008 2009 2010 20122011
7
Operating incomeVehicles and Services
EBIT decrease:
SEK 1,040 m., Q1 2012
+ Market mix
- Deliveries
- Capacity
- Projects
EBIT decrease due to:– Deliveries– Capacity utilisation– Future projects
Positive effects:– Market mix
Cash flowVehicles and Services
-2,000
-1,000
0
1,000
2,000
3,000
4,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
8
Good cash generation in Q1
Positive impact from working capital
Tax payment in Brazil in Q1
SEK m.
2008 2009 2010 20122011
Net debtVehicles and Services
-100%
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
-12,000
-10,000
-8,000
-6,000
-4,000
-2,000
0
2,000
4,000
6,000
8,000
10,000
12,000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
9
SEK m.
Net debt/equity ratioNet debt
Net cash SEK 12,039 m. (Net cash SEK 10,615 m.at end of 2011)
Board proposes DPS of SEK 5.00 for 2011
Volume trendCredit portfolio, Financial Services
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
1998 2000 2002 2004 2006 2008 2010 2012
10
SEK m.
Portfolio 2%*since end of 2011
Operating income SEK 131 m. (107) in Q1 2012
*In local currencies
11
Summary
Demand stabilising
Earnings impacted by lower deliveries and lower capacity utilisation
Good cash generation
12
13
OutlookLeif Östling, President and CEO
14
Business overview – Q1 2012
Order bookings in line with end of 2011
Lower deliveries
Production rate in balance with current level of demand
High demand for service in all regions
Europe Scania trucks, order bookings
15
Same level as end of 2011
Low demand in southern region
Short delivery times
2011 2011 2011 20122011
Units
16
Lower order bookings in Q1
From Q2 onward only Euro 5 deliveries in Brazil
Latin America Scania trucks, order bookings
2011 2011 2011 20122011
Units
EurasiaScania trucks, order bookings
17
Good level of demand
Increased order bookings in Russia and Ukraine
2011 2011 2011 20122011
Units
Asia Scania trucks, order bookings
18
Still low level in the Middle East in Q1 and uncertain outlook
Stable trend elsewhere in Asia
2011 2011 2011 20122011
Units
China
Increasing interest in Scania´s products and services
Large order to Zoomlion
Extended cooperation with Doosan, which is well positioned in China
19
India
Industrial facility near Bangalore
Final assembly of trucks and buses
Production to start in 2013
20
Growing demand for services
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
21
2007 20092008 2010 2011 20122003 20052004 2006
High demand in Europe due to ageing fleet
Growing revenue outside Europe
Stabilising Group profitability
Expanded capacity and offering
SEK m.
Q1
2012 Q1 refers to rolling 12 months
Summary
22
Order bookings stabilising
Strong demand for services
Growing replacement need in Europe
Euro 5 in Brazil from Q2
Europe – Scania truck deliveriesUnits
2012 Q1 refers to rolling 12 months
Q1
23
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