we do not update forward-looking statements retrospectively ......volkswagen ag 1-9 2017 1-9 2018...
TRANSCRIPT
The following presentations contain forward-looking statements and information on the business development of the Volkswagen Group. These statements may be spoken or written and can be recognized by terms such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “will” or words with similar meaning. These statements are based on assumptions, which we have made on the basis of the information available to us and which we consider to be realistic at the time of going to press. These assumptions relate in particular to the development of the economies of individual countries and markets, the regulatory framework and the development of the automotive industry. Therefore the estimates given involve a degree of risk, and the actual developments may differ from those forecast. The Volkswagen Group currently faces additional risks and uncertainty related to pending claims and investigations of Volkswagen Group members in a number of jurisdictions in connection with findings of irregularities relating to exhaust emissions from diesel engines in certain Volkswagen Group vehicles. The degree to which the Volkswagen Group may be negatively affected by these ongoing claims and investigations remains uncertain.
Consequently, a negative impact relating to ongoing claims or investigations, any unexpected fall in demand or economic stagnation in our key sales markets, such as in Western Europe (and especially Germany) or in the USA, Brazil or China, will have a corresponding impact on the development of our business. The same applies in the event of a significant shift in current exchange rates in particular relative to the US dollar, sterling, yen, Brazilian real, Chinese renminbi and Czech koruna.
If any of these or other risks occur, or if the assumptions underlying any of these statements prove incorrect, the actual results may significantly differ from those expressed or implied by such statements.
We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can be superseded.
This information does not constitute an offer to exchange or sell or an offer to exchange or buy any securities.
Disclaimer
Live Audio Webcast and Conference Call: January – September 2018
Dr. Marc Langendorf
Head of Corporate CommunicationsVolkswagen AG
Frank Witter
Member of the Board of Management, Volkswagen AG
Finance and IT
Dr. Christian Dahlheim
Director Group SalesVolkswagen AG
1-9 2017 1-9 2018
The Volkswagen Group stayed on track in the first nine months of 2018
DELIVERIES TO CUSTOMERS SALES REVENUEOPERATING RESULT(before Special Items)
8.1 million €174.6 billion €13.3 billion
+4.2%vs. prior year
+2.7%vs. prior year
+0.6%vs. prior year
1-9 2018 1-9 20181-9 2017 Q1-Q3 2018
1) Figures excl. Volkswagen Commercial Vehicles, Scania and MAN.
Development World Car Market vs. Volkswagen Group Car Deliveries to Customers 1)
(Growth y-o-y in deliveries to customers, January to September 2018 vs. 2017)
World Asia PacificSouth America
Central & Eastern Europe
Car MarketCars + LCV
VW Group Car Market VW Group Car Market VW Group
Car Market VW Group Car Market VW Group Car Market VW Group
North America Western Europe
1.2%5.2%
1.4% 3.0%
-0.5% -0.5%
Cars + LCV
1.2%4.1%8.8% 9.9%
14.6%9.2%
1) Incl. all brands of Volkswagen Group (Passenger Cars and Commercial Vehicles); +4.1 % excl. Volkswagen Commercial Vehicles, Scania and MAN.2) MAN incl. MAN Latin America Trucks and Busses GVW > 5t
Volkswagen Group – Deliveries to Customers by Brands(January to September 2018 vs. 2017)
7,806
4,491
1,380871
355 186 368 80 64
8,130
4,623
1,408939
416 197 371 98 690
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
´000 unitsJanuary – September 2017January – September 2018
Passenger Cars Commercial Vehicles
+2.9%
+1.0%+17.1%+7.8%
+2.0%
+5.7%+24.0% +7.3%
1)+4.2%
VolkswagenGroup
2)
+21.6% +7.3%
Volkswagen Group – Key Figures
Operating Result (in € billion) Operating Result (in % of sales) Net Liquidity –Automotive Division (in € billion)
1-9 2017 1-9 2018
13.2 13.3
1-9 2017
10.6
1-9 2018
10.9
1-9 2017 1-9 2018
7.8 7.6
6.2
1-9 2017
6.3
1-9 2018
22.4
31.12.17 30.09.18
24.8
BeforeSpecial Items
AfterSpecial Items
BeforeSpecial Items
AfterSpecial Items
Volkswagen Group – Operating Result by Brand and Business Field before Special Items (January to September 2018 vs. 2017)
154698 947
269237628
991
222
3,3303,671
1,763
-974-1,277
13,306
2,330
3,941
1,206 1,083
3,3052,890
3,197
2,504
13,231
1,915
+0.6%
-6.9%
-6,8%
-10.2%
+54.4%
+10.6%
-10.0%+4.7%
-17.4%
+8.6%
+0.7%
+23.7%
January - September 2017January - September 2018
VolkswagenGroup
China1 Other2
1) China: proportionate operating profit2) Other: Mainly intragroup items recognizes in Profit & Loss Account, in particular from the elimination of intragroup profits
€ bn
Volkswagen Financial Services
Volkswagen Group – Managing the WLTP Challenge
Impact in production
and stock with
effects on
Sales revenue
Operating result
Cash flow
Reduced complexity
Closure Days
Banking
Deliveries to customers
Sales revenue
Operating return on sales
1) before Special Items.
Deliveries to customersModerately above prior year
Sales revenueBy as much as 5% year-on-year
Group operating return on salesBetween 6.5% to 7.5% before Special Items
Volkswagen Group – Outlook for 2018
10.7 million units
230.7 billion Euro
7.4 % 1)
2017
