Interim report Q3 2021

Interim Report

Q3 2021

INTERIM REPORT Q3 2021 | CONTENTS  3

Contents

A | Key Figures	4
B | Interim Management Report	8 - 33
Business development	8
Important events	10
Profitability	11
Cash flows	19
Financial position	24
Risk and opportunity report	27
Outlook	31
C | Interim Consolidated
Financial Statements	34 - 64
Consolidated Statement of Income	34
Consolidated Statement of Comprehensive Income	36
Consolidated Statement of Financial Position	38
Consolidated Statement of Cash Flows	39
Consolidated Statement of Changes in Equity	40

Notes to the Interim Consolidated Financial Statements	42
Auditor's Review Report	65
D | Further Information	66

Cover photo: Mercedes-Benz @ IAA MOBILITY 2021

4 A | KEY FIGURES

Q3 Key Figures for the Group

Key figures Daimler Group

€ amounts in millions	Q3 2021	Q3 2020	% change
Sales (in units)	577,848	772,703	-25
Revenue1	40,083	40,281	-02
thereof discontinued operations	8,436	8,661	-3
EBIT1	3,579	3,070	+17
thereof discontinued operations	680	559	+22
EBIT adjusted1	3,611	3,479	+4
Net profit/loss	2,573	2,158	+19
thereof discontinued operations	549	347	+58
Earnings/loss per share (in €)	2.31	1.91	+21
thereof discontinued operations	0.50	0.32	+56
Outstanding shares (in millions)	1,069.8	1,069.8	0
Market capitalisation (in € billion)	82.08	49.26	+67
Xetra closing price (in €)	76.72	46.04	+67
Free cash flow of the industrial business1	2,249	5,139	-56
Free cash flow of the industrial business adjusted1	2,833	5,345	-47
Net liquidity of the industrial business1	23,458	13,079	+79
Investment in property, plant and equipment1	1,106	1,193	-7
Research and development expenditure1	2,212	2,126	+4
thereof capitalised development costs	556	572	-3
Employees	289,282	288,4813	+0

1. of continuing and discontinued operations.
2. No currency-translation effects in the revenue of the third quarter of 2021.
3. As of 31 December 2020.

Share-price development (indexed)

180
160
140
120
100
80
30.9.20	31.12.20	31.3.21	30.6.21	30.9.21
	Daimler AG	STOXX Europe Auto Index	DAX

A | KEY FIGURES 5

Q1-3

Key figures Daimler Group

€ amounts in millions	Q1-3 2021	Q1-3 2020	% change
Sales (in units)	2,042,842	1,958,852	+4
Revenue1	124,582	107,688	+162
thereof discontinued operations	25,929	22,594	+15
EBIT1	14,512	2,005	+624
thereof discontinued operations	2,530	80	.
EBIT adjusted1	13,999	3,490	+301
Net profit/loss	10,650	420	.
thereof discontinued operations	2,008	-297	.
Earnings/loss per share (in €)	9.68	0.13	.
thereof discontinued operations	1.85	-0.28	.
Outstanding shares (in millions)	1,069.8	1,069.8	0
Market capitalisation (in € billion)	82.08	49.26	+67
Xetra closing price (in €)	76.72	46.04	+67
Free cash flow of the industrial business1	6,645	3,508	+89
Free cash flow of the industrial business adjusted1	8,615	4,261	+102
Net liquidity of the industrial business1	23,458	13,079	+79
Investment in property, plant and equipment1	3,340	3,830	-13
Research and development expenditure1	6,992	6,735	+4
thereof capitalised development costs	1,718	1,915	-10
Employees	289,282	288,4813	+0

1. of continuing and discontinued operations.
2. Adjusted for the effects of currency translation, increase in revenue of 19%.
3. As of 31 December 2020.

Revenue	EBIT	Net profit/loss	Earnings per share
In billions of euros	In billions of euros	In billions of euros	In euros

50			6.0
45			5.0
40
		4.0
35
		3.0
30
25			2.0
20			1.0
15
		0.0
10
		-1.0
5
0			-2.0
Q1	Q2	Q3	Q4

			5.0
			4.0
			3.0
			2.0
			1.0
			0.0
			-1.0
			-2.0
Q1	Q2	Q3	Q4

			5.00
			4.00
			3.00
			2.00
			1.00
			0.00
			-1.00
			-2.00
Q1	Q2	Q3	Q4

Q1	Q2	Q3	Q4
			2020
			2021

6 A | KEY FIGURES

Q3 Key Figures for the Divisions

	Q3 2021	Q3 2020	% change
€ amounts in millions
Mercedes-Benz Cars & Vans
Sales (in units)	471,404	673,447	-30
Revenue	25,603	25,818	-1
EBIT	2,004	2,118	-5
EBIT adjusted	2,175	2,417	-10
Return on sales (in %)	7.8	8.2	.
Return on sales adjusted (in %)	8.5	9.4	.
CFBIT	3,652	4,617	-21
CFBIT adjusted	4,127	4,821	-14
Cash conversion rate adjusted	1.9	2.0	.
Investment in property, plant and equipment	911	1,039	-12
Research and development expenditure	1,837	1,785	+3
thereof capitalised development costs	495	548	-10
Employees	169,084	170,5151	-1
Daimler Trucks & Buses
Sales (in units)	106,444	99,256	+7
Revenue	8,890	9,230	-4
thereof discontinued operations	8,725	9,147	-5
EBIT	482	541	-11
thereof discontinued operations	436	566	-23
EBIT adjusted	489	603	-19
Return on sales (in %)	5.4	5.9	.
Return on sales adjusted (in %)	5.5	6.5	.
CFBIT	-576	1,142	.
CFBIT adjusted	-527	1,142	.
Cash conversion rate adjusted	-1.1	1.9	.
Investment in property, plant and equipment	155	128	+21
Research and development expenditure	396	365	+8
thereof capitalised development costs	61	23	+165
Employees	103,276	99,6401	+4
Daimler Mobility
Revenue	6,855	6,877	-0
EBIT	943	589	+60
EBIT adjusted	943	601	+57
Return on equity (in %)	23.3	16.2	.
Return on equity adjusted (in %)	23.3	16.5	.
New business	14,633	18,676	-22
Contract volume	148,091	150,5531	-2
Employees	11,227	11,6501	-4
1 As of 31 December 2020.