2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 –...

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Transcript of 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 –...

Page 1: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3
Page 2: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3

2012 Results – Operating Profit

The MAN Group By division

€ million 2011 2012 Δ

MAN Truck & Bus 565 225 -340

MAN Latin America 400 229 -171

Commercial Vehicles 965 454 -511

MAN Diesel & Turbo 460 437 -23

Renk 53 66 13

Power Engineering 513 503 -10

€ million

2011 2012

1,483

964

-€519 mn

Page 3: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3

2012 Results – Order Intake

2011 2012

17,145 15,889

The MAN Group By division

€ million 2011 2012 Δ

MAN Truck & Bus 9,514 9,150 -4%

MAN Latin America 3,579 2,870 -20%

Commercial Vehicles 13,093 12,020 -8%

MAN Diesel & Turbo 3,692 3,510 -5%

Renk 456 525 15%

Power Engineering 4,148 4,035 -3%

€ million -7%

Page 4: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3

2012 Results – Revenue

2011 2012

16,472 15,772

The MAN Group By division

€ million € million 2011 2012 Δ

MAN Truck & Bus 8,984 8,822 -2%

MAN Latin America 3,579 2,870 -20%

Commercial Vehicles 12,563 11,692 -7%

MAN Diesel & Turbo 3,610 3,780 5%

Renk 389 476 22%

Power Engineering 3,999 4,256 6%

-4%

Page 5: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3

2012 Results – Return on Sales (ROS)

The MAN Group By division

% 2011 2012 Δ

MAN Truck & Bus 6.3 2.6 -3.7

MAN Latin America 11.2 8.0 -3.2

Commercial Vehicles 7.7 3.9 -3.8

MAN Diesel & Turbo 12.7 11.6 -1.1

Renk 13.6 13.8 0.2

Power Engineering 12.8 11.8 -1.0

%

2011 2012

9.0

6.1

-2.9%-pts.

Page 6: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3

Dividend

Positive cash earnings of €980 million

Earnings before tax of €311 million

Net income of €189 million

Proposed dividend

of €1.00 per share

Page 7: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3

MAN Common Shares

2012 – 2013

€0

€20

€40

€60

€80

€100

12.31.2011 3.31.2012 6.30.2012 9.30.2012 12.31.2012 3.31.2013

€68.70

€80.75

18%

€84.49

Page 8: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3

Q1 2013 Results

Revenue Order intake

€ million 2012

Q1

2013

Q1 Δ

MAN Truck & Bus 2,545 2,141 -16%

MAN Latin America 840 822 -2%

Commercial Vehicles 3,385 2,963 -12%

MAN Diesel & Turbo 909 727 -20%

Renk 134 116 -13%

Power Engineering 1,043 843 -19%

MAN Group 4,368 3,754 -14%

€ million 2012

Q1

2013

Q1 Δ

MAN Truck & Bus 2,082 1,898 -9%

MAN Latin America 840 822 -2%

Commercial Vehicles 2,922 2,720 -7%

MAN Diesel & Turbo 856 745 -13%

Renk 105 123 17%

Power Engineering 961 868 -10%

MAN Group 3,845 3,552 -8%

Page 9: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3

Q1 2013 Results

Operating profit/ loss ROS

€ million 2012

Q1

2013

Q1 Δ

MAN Truck & Bus* 68 -23 -91

MAN Latin America 80 55 -25

Commercial Vehicles 148 32 -116

MAN Diesel & Turbo 109 -122 -231

Renk 14 16 2

Power Engineering 123 -106 -229

MAN Group 254 -82 -336

% 2012

Q1

2013

Q1 Δ

MAN Truck & Bus* 3.3 -1.2 -4.5

MAN Latin America 9.5 6.8 -2.7

Commercial Vehicles 5.1 1.2 -3.9

MAN Diesel & Turbo 12.8 -16.4 -29.2

Renk* 13.6 13.3 -0.3

Power Engineering 12.9 -12.2 -25.1

MAN Group 6.6 -2.3 -8.9

* Adjusted to reflect the retrospective application of IAS 19 (2011)

Page 10: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3

Appropriate Recurring Compensation

Payment

Gross compensation payment:

€3.30 per common and preference share

Net compensation payment:

€3.07 per common and preference share

Page 11: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3

Appropriate Cash Compensation

€80.89 per common and preference share

Page 12: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3

MAN Common and Preference Shares

Three Months Period 10.09.2012 – 01.08.2013

€65

€70

€75

€80

€85

10.9.2012 01.08.2013

€73.39

Common Share

Preference Share

Volume-weighted average market price (BaFin)

€79.08

Page 13: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3

MAN Common Shares

2011 – 2013

€0

€20

€40

€60

€80

€100

€120

12.31.2010 6.30.2011 12.31.2011 6.30.2012 12.31.2012

May 12, 2011

€98.72

April 20, 2012

€102.45

Page 14: 2012 Results - MAN Truck & Bus · 2012 Results – Order Intake 2011 ... MAN Common Shares 2012 – 2013 €0 ... MAN Group 254 -82 -336 % 2012 Q1 2013 Q1 Δ MAN Truck & Bus* 3.3

Outlook 2013

Commercial

Vehicles

Power

Engineering

MAN Group

Revenue expected to match the prior-year figure

Return on sales to be on a level with the previous year at

approximately 4%

Decrease in revenue expected

Return on sales will decline significantly as against 2012 and

only be slightly positive

Revenue on a level with the previous year and a very

significant decline in operating profit

Return on sales significantly below the 2012 figure