Daimler Truck : Interim Report Q3 2022

Interim Report Q3 2022

Interim Report Q3 2022 | Daimler Truck	2
Contents

Contents

A | Key Figures	3
B | Interim Group
Management Report	7 - 26
Business Development	7
Important Events	9
Profitability	10
Liquidity and Capital Resources	16
Financial Position	21
Risk and Opportunity Report	23
Outlook	24
C | Interim Consolidated
Financial Statements	27 - 54
Consolidated Statement of Income	27
Consolidated Statement of
Comprehensive Income	28
Consolidated Statement of Financial Position	29
Consolidated Statement of Cash Flows	30
Consolidated Statement of Changes in Equity	31
Notes to the Interim Consolidated
Financial Statements	33
Auditor's Review Report	55
D | Further Information	56

	Interim Report Q3 2022 | Daimler Truck			3
	A | Key Figures
	Q3 Key Figures for the Group
A.01
	Key figures Daimler Truck Group
	In millions of euros	Q3 2022	Q3 2021	% change
	Unit sales	134,972	106,304	+27
	Revenue	13,507	9,160	+471
	Revenue of the industrial business2	13,027	8,854	+47
	EBIT	1,057	375	+182
	EBIT of the industrial business	984	358	+175
	Adjusted EBIT	1,273	491	+159
	Adjusted EBIT of the industrial business	1,223	475	+157
	Return on sales of the industrial business (in %)	7.6	4.0	-
	Adjusted return on sales of the industrial business (in %)	9.4	5.4	-
	Net profit/loss	990	214	+363
	Earnings/loss per share (in €)	1.17	0.25	+368
	Free cash flow of the industrial business	592	-782	-
	Adjusted free cash flow of the industrial business	669	-865	-
	Net liquidity of the industrial business	6,159	6,0244	+2
Investments in property, plant and equipment	184	155	+19
Research and development expenditure	446	397	+13
	of which capitalized	42	61	-31
Active workforce3	105,423	99,8494	+6
1 Adjusted for the effects of currency translation, revenue increased by 36%.

1. The industrial business comprises the automotive segments Trucks North America, Mercedes-Benz, Trucks Asia and Daimler Buses, as well as the reconciliation.
2. This reflects the active workforce as a full-time equivalent.
3. At December 31, 2021.

A.02

Share price index

120

100

80

60

12/31/21

1/31/22

2/28/22

3/31/22

4/30/22

5/31/22

6/30/22

7/31/22

8/31/22

9/30/22

Daimler Truck Holding AG

STOXX Europe Auto Index

DAX

	Interim Report Q3 2022 | Daimler Truck			4
	A | Key Figures
	Q1-3 Key Figures for the Group
A.03
	Key figures Daimler Truck Group
	In millions of euros	Q1-3 2022	Q1-3 2021	% change
	Unit sales	365,219	324,513	+13
	Revenue	36,162	28,418	+271
	Revenue of the industrial business2	34,975	27,561	+27
	EBIT	2,592	2,940	-12
	EBIT of the industrial business	2,310	2,819	-18
	Adjusted EBIT	2,934	1,958	+50
	Adjusted EBIT of the industrial business	2,767	1,837	+51
	Return on sales of the industrial business (in %)	6.6	10.2	-
	Adjusted return on sales of the industrial business (in %)	7.9	6.7	-
	Net profit/loss	2,211	2,265	-2
	Earnings/loss per share (in €)	2.60	2.72	-4
	Free cash flow of the industrial business	-91	649	-
	Adjusted free cash flow of the industrial business	145	95	+53
	Net liquidity of the industrial business	6,159	6,0244	+2
Investment in property, plant and equipment	427	344	+24
Research and development expenditure	1,275	1,139	+12
	thereof capitalized development costs	131	147	-11
Active workforce3	105,423	99,8494	+6
1 Adjusted for the effects of currency translation, revenue increased by 20%.

1. The industrial business comprises the automotive segments Trucks North America, Mercedes-Benz, Trucks Asia and Daimler Buses, as well as the reconciliation.
2. This reflects the active workforce as a full-time equivalent.
3. At December 31, 2021.

A.04

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

15
10
5
0
Q1	Q2	Q3	Q4

2.0
1.5
1.0
0.5
0.0
Q1	Q2	Q3	Q4

2.0
1.5
1.0
0.5
0.0
Q1	Q2	Q3	Q4

2.00
1.50
1.00
0.50
0.00
Q1	Q2	Q3	Q4
			2021
			2022

	Interim Report Q3 2022 | Daimler Truck			5
	A | Key Figures
	Q3 Key Figures for the Segments
A.05
		Q3 2022	Q3 2021	% change
	In millions of euros
	Trucks North America
	Unit sales	49,171	34,604	+42
	Revenue	6,155	3,603	+71
	EBIT	738	351	+111
	Adjusted EBIT	738	351	+111
	Return on sales (in %)	12.0	9.7	-
	Adjusted return on sales (in %)	12.0	9.7	-
	Investment in property, plant and equipment	35	35	-
	Research and development expenditure	144	116	+24
	of which capitalized	-	2	-
	Active workforce1	27,926	25,9302	+8
	Mercedes-Benz
Unit sales	42,305	31,691	+33
Revenue	5,153	3,682	+40
EBIT	270	-9	-
	Adjusted EBIT	474	114	+316
	Return on sales (in %)	5.2	-0.2	-
	Adjusted return on sales (in %)	9.2	3.1	-
	Investment in property, plant and equipment	101	95	+6
	Research and development expenditure	185	167	+11
	of which capitalized	30	40	-25
	Active workforce1	41,970	40,3272	+4
	Trucks Asia
Unit sales	41,535	38,072	+9
Revenue	1,676	1,422	+18
EBIT	42	117	-64
Adjusted EBIT	43	117	-63
Return on sales (in %)	2.5	8.3	-
	Adjusted return on sales (in %)	2.6	8.3	-
	Investment in property, plant and equipment	29	14	+107
	Research and development expenditure	41	61	-33
	of which capitalized	10	16	-38
	Active workforce1	16,365	15,8652	+3
	Daimler Buses
Unit sales	6,283	4,477	+40
Revenue	941	810	+16
EBIT	20	3	+498
Adjusted EBIT	23	6	+304
Return on sales (in %)	2.2	0.4	-
	Adjusted return on sales (in %)	2.5	0.7	-
	Investment in property, plant and equipment	15	10	+50
	Research and development expenditure	33	30	+10
	of which capitalized	2	3	-33
	Active workforce1	15,176	14,8612	+2
	Financial Services
Revenue	480	306	+57
EBIT	72	17	+335
Adjusted EBIT	50	17	+198
Return on equity (in %)	14.0	4.0	-
	Adjusted return on equity (in %)	9.6	4.0	-
	New business	2,548	1,500	+70
	Contract volume	23,953	16,8662	+42
Active workforce1	1,567	1,2452	+26

1 This reflects the active workforce as a full-time equivalent.

2 At December 31, 2021.