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Press conference Erik Ljungberg Corporate RelationsErik Ljungberg, Corporate Relations
1
Interim Report, January–March 2011 Jan Ytterberg CFOJan Ytterberg, CFO
2
First three months 2011 – highlights
Stable earnings growth– Increased volumeIncreased volume– Higher capacity utilisation– Currency head-windy
ROCE 43.9% (13.4%)*
*Rolling 12 month
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Rolling 12 month
Volume trendTotal deliveries trucks and busesTotal deliveries, trucks and buses
24,000Units
Deliveries +60% 16 000
20,000
in Q1 2011
Higher production
16,000
12,000
g prate y/y, stable vs Q4 2010
4,000
8,000
2007Q1 Q2 Q3 Q4 Q1
0
2008Q1 Q2 Q3 Q4
2009Q1 Q2 Q3 Q4
2010Q1 Q2 Q3 Q4
2011
4
Service revenue
Volume increase5,000SEK m.
Volume increase >10%, all-time high level
4,000
Improved capacity utilisation
3,000
2,000
Negative impact from currency 1,000
,
0
2007Q1 Q2 Q3 Q4 Q1
2008Q1 Q2 Q3 Q4
2009Q1 Q2 Q3 Q4
2010Q1 Q2 Q3 Q4
2011
5
Earnings trendOperating income Scania GroupOperating income, Scania Group
4,500SEK m.
20Percent
Operating marginOperating income
Net sales +25% Q1
EBIT margin 16 1%
4,000
3 000
3,500 16
14
18p g gp g
EBIT margin 16.1% (12.9) Q1
Earnings per share2,000
3,000
2,500
8
12
10
Earnings per share SEK 3.14 (1.78) 1,000
500
1,500
4
2
6
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
500
0Q1
2
0
2007 2008 2009 2010 2011
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Operating incomeVehicles and ServicesVehicles and Services
+ Volume
EBIT increase due to:– Volume
Capacity utilisationEBIT increase:
SEK 1,092 m. Q1 2011
+ Capacity
+ Price
R i l
– Capacity utilisation– Price
Negative effects: Q1 2011 - Raw material
- Mix
- Currency
Negative effects:– Currency– Mix– Raw material
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Cash flowVehicles and ServicesVehicles and Services
4 000SEK m.
Negative impact from inventory 3,000
4,000
Higher level of investment 1,000
2,000
Paid taxes related to 2010
i- 1,000
0
2007Q1 Q2 Q3 Q4
2008Q1 Q2 Q3
Q4
2009Q1 Q2 Q3 Q4
2010Q1 Q2 Q3 Q4
2011Q1
earnings
Note: Excluding acquisitions/divestments and Financial Services
- 2,000
,
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Note: Excluding acquisitions/divestments and Financial Services
Net debtVehicles and ServicesVehicles and Services
SEK m.100
Percent10 000
Net cash SEK 9,005 m.
8,000
6,000 60
100
40
80Net debt/equity ratioNet debt
4 000
10,000
(Net cash 7,700 end of 2010) 0
2,000
20102008 20092001 2002 2003 2004 2005
2006 20072000
404,000
20
02011
Proposed dividend per share SEK 5 00 (1 00)
-2,000 -20
-40-4,000
-6,000 -605.00 (1.00)
-8,000
-100-10,000
-80
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Volume trendCredit portfolio Financial ServicesCredit portfolio, Financial Services
50 000SEK m.
Portfolio +4%,local currencies
50,000
35 000
40,000
45,000
local currencies
Lower level of bad debt expenses
30,000
35,000
25,000debt expenses
Operating income SEK 107 (-10) m. 10,000
15,000
20,000
SEK 107 ( 10) m.5,000
020071999 2001 2003 2005 20091997 2011
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Summary
Stable earnings growth– Volume increase– Higher capacity utilisation– Negative currency effects
ROCE 43.9% (13.4%)*
*Rolling 12 month
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Rolling 12 month
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OutlookLeif Östling President and CEOLeif Östling, President and CEO
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Business overview – First three months
Stable European demand, normal seasonal pattern Q4 to Q1seasonal pattern Q4 to Q1
Market share 14.6% (14.2) in Europe
Good level of demand in Latin America and the Middle East
Production rate stable compared to Q4 2010
High demand for service
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Order bookings EuropeQuarterly figuresQuarterly figures
Scania order bookings, trucks10,000
8,000
9,000
5,000
6,000
7,000
2,000
4,000
3,000
1,000
0Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1Q1
2010 20112009
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European deliveriesRolling 12 monthRolling 12 month
Scania deliveries, trucks50,000
40,000
45,000
30,000
35,000
15 000
20,000
25,000
15,000
10,0002003 2004 2005 2006 2007 2008 2009 2011*2002 2010
* Refers to Scania’s regional structure where Russia is part of Eurasia
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Refers to Scania s regional structure, where Russia is part of Eurasia
Latin American deliveriesRolling 12 monthRolling 12 month
Scania deliveries, trucks20,000
16,000
18,000
10,000
12,000
14,000
4,000
8,000
6,000
2,000
02003 2004 2005 2006 2007 2008 2009 20112002 2010
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Share of vehicle deliveries Q1 2011(2007)(2007)
Europe 45% (61%)
Eurasia 7% (8%)45% (61%)
Latin AmericaAsia
21%Latin America 23% (16%)
21% (10%)Africa &
OceaniaOceania4% (5%)
1818
Production – first three months
Stable production rate compared to pQ4 2010
Short and reliable delivery times
Some disruptions in supply chain
Tragedy in Japan remains to be assessed
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Service revenue
5,000SEK m.
All-time high level4,000
t e g e e
High demand in all regions
3,000
2,000all regions
1,000
,
0
2007Q1 Q2 Q3 Q4 Q1
2008Q1 Q2 Q3 Q4
2009Q1 Q2 Q3 Q4
2010Q1 Q2 Q3 Q4
2011
20
Scania Euro 6 trucks
Combination of Combination of EGR and SCR
Same performance Same performance and fuel efficiency as for Euro 5
Ready for possible incentive markets
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