Presentation Scania Year-end Report 2010

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    01-Jun-2015

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Scanias earnings and cash flow for the full year 2010 were the best ever in the companys history. Operating income rose to SEK 12,746 m. Higher vehicle and service volume and significantly higher capacity utilisation mainly explain the improvements.

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  • 1. Press conferenceErik Ljungberg Corporate Relations Ljungberg,1

2. Year-end Report, JanuaryDecember 2010Jan Ytterberg, CFOYtterberg2 3. 2010 highlights RRecord-high earnings in 2010 d hi h ii Sharp increase in deliveries Significantly higher capacityutilisation Currency effects incl hedgingyg g Record-high cash flow of SEK11,880 m. (Vehicles and Services)3 4. Record-high Units U itSEK m.80,00014,000Deliveries Operating income70,000 12,00060,000 10,00050,0008,00040,0006,00030,0004,00020,00010,0002,0002 000 00 1991 19931995199719992001 2003 2005 2007 20094 5. Volume trendTotal deliveries, trucks and busesdeliveries Units24,00020,000 Deliveries +47% 16,00016 000in 201012,000 Significantlyg y 8,000higher productionrate 4,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2Q3 Q4 Q1 Q2Q3 Q4 Q1 Q2Q3 Q4 200620072008 2009 20105 6. Service revenue SEK m.5,000 Volume increase~10%, H2 back to4,000pre-crisis level3,000 Improved capacityutilisation 2,000 , Negative impact1,000from currency0Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2Q3 Q4 Q1 Q2Q3 Q4 Q1 Q2Q3 Q4200620072008 2009 20106 7. Earnings trend Operating income, Scania Group incomeSEK m. Percent 4,50020Operating income pgOperating marginpgg Net sales +26% 4,000 182010 3,500 16 14 3,000 3 000 EBIT margin 16.3%2,500 12(4.0) 2010 2,000 108 EBIT margin 16.6%1,5006(7.8) Q4 20101,0004 5002 00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4200620072008200920107 8. Operating income Vehicles and Services EBIT increase due to: Volume+ Volume Brazil+ Brazil Capacity utilisation EBIT increase: + Capacity Cost efficiencySEK 9,927 m. + Efficiency 2010 +C Currency Currency effects As of end 2010 nocurrency hedges8 9. Cash flow Vehicles and ServicesSEK m. 4,000 4 000 Improved 3,000earnings 2,000 Lower workingcapital1,000Q4 Higher level of0Q1 Q2Q3 Q4 Q1 Q2Q3 Q4Q1 Q2Q3 Q1 Q2Q3Q4Q1 Q2 Q3 Q4investments in- 1,000 , 2006 2007 20082009 2010Q4- 2,000Note: Excluding acquisitions/divestments and Financial Services9 10. Net debt Vehicles and ServicesSEK m.Percent Net cash SEK10,00010 000 Net debt Net debt/equity ratio100 7,700 m.8,00080 (Net debt 4,038 6,00060 end of 2009)d f4,00040 2,000 Conservative 2006 2007 2010200 refinancing fii 2000 2001 2002 2003 2004 2005 2008 2009 0-2,000 approach -20-4,000 PProposed DPS d-6,000-40 40 SEK 5.00 (1.00)-8,000-6010 11. Volume trendCredit portfolio Financial Services portfolio,SEK m.50,00050 000 Portfolio -2%,45,000 local currencies 40,00035,00035 000 Lower but still 30,000 high bad debt25,000 expenses 20,00015,000 Positive earnings 10,000 5,000 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 201011 12. Summary Record earnings Sharp volume increase Substantially higher capacity utilisation Currency effects Net cash position in Vehicles and Services due to record cash flow12 13. 13 14. OutlookLeif stling, President and CEO stling14 15. Business overview Gl b l economic recovery Global i Quick rebound in markets outside Europe Ramp-up of productionp p p Stronger European service demand in Q3 and especially Q415 16. Order trendTrucks Q4 2010 Units30,000 Europe +74% 25,000 Strong recovery in20,00020 000 Russia 15,000 Latin America -10%, 10%10,000 Brazil stabilising 5,000 Asia +173% 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2Q3 Q4 Q1 Q2Q3 Q4 Q1 Q2Q3 Q4 200620072008 2009 201016 17. Order trendBuses 2010Units3,000 Europe stable 20102,0002 000 Latin America +53% Asia +23%1,000 Africa & Oceania -26%0Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2Q3 Q4 Q1 Q2Q3 Q4 Q1 Q2Q3 Q4200620072008 2009 201017 18. Share of vehicle deliveries 2010(2007)Eurasia Europe4% (8%) 39% (61%) Asia Latin America 19% (10%) 32% (16%)Africa & Oceania 6% (5%)18 19. Production ramp-up Higher daily rate Improved productivity Short lead times Risk of bottlenecks Increased workforce on temporary contracts tt19 20. Service trendSEK m. 5,000 Stronger European demand in Q3 and4,000 especially Q4 3,000 Continued high demand in Latin 2,000, America Mining segment in1,000 Asia 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2Q3 Q4 Q1 Q2Q3 Q4 Q1 Q2Q3 Q4 200620072008 2009 201020 21. Strong product portfolio New V8 range, platform ready for Euro 6 Ecolution by Scania minimises fuel consumption and thereby CO2 emissions Large bus orders for alternative fuel Engine agreements with Terex ( ), ( ) (US), Doosan (Korea) and Shanghai Boden (China) in 201021 22. European heavy truck market Registrations* Units 350,000 300,000 250,000 200,000 200 000 150,000 100,00020022003 2004 20052006 2007 20082009 2010 *25 of the European Union member countries (all EU countries except Greece and Malta) plus Norway and Switzerland22 23. 23