Date post: | 08-May-2015 |
Category: |
Economy & Finance |
Upload: | scania-group |
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Financial outlookFinancial outlook 2020
Jan YtterbergJan YtterbergExecutive Vice President, Chief Financial Officer
Scania’s 2020 objectives
Global potential p120,000 Scania trucks
Ambition to increase services to 25-30% of total revenue
P t ti l f 15 000 Potential for 15,000 buses and 20,000 industrial and marine engines
Leverage on investments
Vehicles per employee Economies of scale
Efficiency through continuous 14
16
improvements
Structural changes 8
10
12
2
4
6
2013* refers to Q2 annualised
0
2
1990 1995 2000 2005 2010 2013* Vision
2013 refers to Q2 annualised
Strengthen product portfolio
More customer driven 4,000
5,000
R&D expensesSEK m.
projects
Euro 6 1,000
2,000
3,000
Capitalisation
Amortisation
02004 2005 2006 2007 2008 2009 2010 2011 2012
Amortisation
Plan for higher production capacity
Current investment program of SEK ~1.5 bn yields annual capacity of y p y120,000 vehicles by 2015
Next step 135,000 vehicles capacity to meet potential of 120,000 trucks and 15,000 buses
Flexible product cost structureChassis production
Flexible manning gup to 30% in Sweden
Value-added
Labourcost
Common global product and production Sourced material
Other
system
High degree of Variable cost
and components(70%)
variable cost
Capture potential in servicesInvestment level SEK 1 bn annually
Capacity investment p yin new and current captive dealerships
Collaboration with non-captive dealerships
M bil l ti Mobile solutions
Flexibility – Capital efficiency
Outsourcing strategy
Strategic
Base volume in-house
Non-strategic
In-houseonly if competitive
Core
100% in-housey p
Combining Vehicles and ServicesApplication strategy
Packages incl. insurancePackages incl. insurance
Lower cost for the
Fast accident
Volume to Scania
Insurance from 3rd party – administered
customer repair workshops by Scania
Financial ServicesStrategic business
More volume in Financial Services portfolioSEK m.More volume in emerging markets
High penetration in 35 000
40,000
45,00050,000
p
High penetration in mature markets
Improve and maintain 20,000
25,00030,000
35,000
Improve and maintain Scania’s market share
0
5,000
10,00015,000
Scania’s philosophy
Core values
Focus on principlesd th d Principlesand methods
delivering goodfinancial performance
Principles
Methods
Fi i lFinancialperformance
ProfitabilityReturn on Capital Employed
% Vehicles and Services
40
50
30
10
20
02003 2004 2005 2006 2007 2008 2009 2010 2011 2012
ProfitabilityFinancial Services (ROE)
15%
20%
10%
0%
5%
2003 2004 2005 2006 2007 2008 2009 2010 2011 20122009
-5%
Shareholder value
Share price, SEK
300
250
200
Scania B share(Total return)
300
200
150
100
Scania B share
SIX Return Index100
50
0
SIX Return Index
2000 2013
Shareholder valueDividend as % of net income
80
%Average
~50%
60
70~50%
30
40
50
0
10
20
02003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Shareholder valueDividend and redemption per share
14
SEK Ordinary dividendSpecial dividend
A total of SEK 41.8 bn. distributed to share-holders last 10 years
10
12
14
holders last 10 years
6
8
2
4
0