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Press conferenceErik Ljungberg, Corporate Relations
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Interim Report, January-March 2010 Jan Ytterberg, CFO
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First three months of 2010 – highlights
Sharp rise in operating margin– Higher capacity utilisation– Positive effects from cost reduction– Currency
Cash flow of SEK 2,366 m. (Vehicles& Services)
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Volume trendTotal deliveries, trucks and buses
4,000
8,000
16,000
24,000Units
20,000
12,000
Deliveries +6% in Q1
Higher productionrate
Brazil significant share of deliveries
0
2006Q1 Q2 Q3 Q4
2007 2008 2009 2010Q1Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
5
Service revenue
1,000
2,000
4,000
5,000
Slight volumeincrease
Negative impactfrom currency
3,000
SEK m.
0
2006Q1 Q2 Q3 Q4
2007 2008 2009 2010Q1Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
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Earnings trendOperating income, Scania Group
1,000
2,000
4,000
4,500
3,000
SEK m.
500
1,500
3,500
2,500
Net sales +4% Q1 2010
EBIT margin 12.9% (3.2) Q1 2010
0
2006Q1 Q2 Q3 Q4
2007 2008 2009 2010Q1Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
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Operating incomeVehicles & Services
EBIT increase:
SEK 1,624 m. Q1 2010
+ Capacity+ Capacity
+ Cost+ Cost
+ Currency+ Currency
EBIT increase due to:– Capacity utilisation– Cost reduction– Currency
Negative impact:– Price
-- PricePrice
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Cash flowVehicles & Services
- 2,000
- 1,000
0
1,000
Improved earnings
Focus on working capital
Lower investments
2,000
3,000
Note: Excluding acquisitions/divestments and Financial Services
2006Q1 Q2 Q3 Q4
2007 2008 2009 2010Q1Q1 Q2 Q3 Q4 Q1 Q2 Q3
Q4
Q1 Q2 Q3 Q4
4,000SEK m.
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Net debtVehicles & Services
Net debt SEK 1,491 m. (4,038 end of 2009)
Rating A- by S&P unchanged
Conservative refinancing approach
0
2,000
8,000
6,000
SEK m.
2010Q1
2008 20092001 2002 2003 2004 20052006 2007
2000
-2,000-10
10
40
70
30
-20
50
60
Percent
Net debt/equity ratioNet debt
4,000
-4,000
-6,000 -30
20
0
10,000
10
Volume trendCredit portfolio, Financial Services
10,000
5,000
15,000
20,000
30,000
50,000
0
35,000
25,000
Portfolio -3%,local currencies
Increasedcompetition in some markets
Continued high bad expenses
1998 20071999 2000 2001 2002 2003 2004 2005 2006 20091997
40,000
45,000
2008 2010
SEK m.
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Summary
Sharp rise in operating margin– Higher capacity utilisation– Positive effects from cost reduction
All time high in Brazil
Strong cash flow
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OutlookLeif Östling, President and CEO
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Market trends
Good economic trend in Latin America, Brazil especially strong
Gradually improving economicactivity in Europe
Recovery in Asia
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Strong GDP growth
Market supportedby fiscal stimulus
Regained market share
22% of Group netsales (SEK 3.7 bn)
Increased capacityutilisation in Europe from global product range
Brazil
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Latin American truck demand
0
1,000
5,000
-1,000
3,000
2,000
4,000
Units
Scania deliveriesScania orders
1998 20071999 2000 2001 2002 2003 2004 2005 2006 200919971996 2008 2010Q1
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European truck demand
1998 20071999 2000 2001 2002 2003 2004 2005 2006 200919971996
4,000
2,000
6,000
8,000
12,000
20,000
0
14,000
10,000
16,000
18,000Scania deliveriesScania orders
Units
2008 2010Q1
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Service trend
1,000
2,000
4,000
5,000
Slight volumeincrease
Higher demand in Latin America and Asia
3,000
SEK m.
0
2006Q1 Q2 Q3 Q4
2007 2008 2009 2010Q1Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
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New Scania V8
For heavy and demanding long-haulage
Most powerful truck in the market, 730 hp and 3500 Nm.
Technical solutions for Euro 6 in place
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Outlook
The level of demand in the first quarter will continue in the second quarter
Capacity utilisation will gradually improve during the second quarter
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