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Press Conference for the Half-Yearly Report...MAN SE Press Conference for the Half-Yearly Report...
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1 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014 Press Conference for the Half-Yearly Report MAN SE Munich, July 30, 2014
Transcript of Press Conference for the Half-Yearly Report...MAN SE Press Conference for the Half-Yearly Report...
1 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Press Conference for the Half-Yearly Report MAN SE
Munich, July 30, 2014
2 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Dr. Georg Pachta-Reyhofen Chief Executive Officer of MAN SE
Munich, July 30, 2014
3 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Fiscal Year 2014 First six months at a glance (2013 figures)
€7.7 billion (€7.8 billion)
Order intake down slightly on the prior-year level
€6.7 billion (€7.6 billion)
Sales revenue down significantly year-on-year
€222 million (€-123 million)
Significant improvement in operating profit
primarily attributable to Power Engineering
55,480 (56,102)
Employees worldwide, slight decrease
4 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Agenda
1 Highlights Dr. Pachta-Reyhofen
2 Business Performance Dr. Park
3 Outlook Dr. Pachta-Reyhofen
5 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Highlights MAN Latin America helps out at the FIFA World Cup in Brazil by supplying
22 carrier vehicles for communication centers on wheels
6 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Highlights MAN Truck & Bus carries out research into assistants for efficient and
safe mobility in Project UR:BAN
The researchers are focusing on
three key areas:
Human factors in traffic:
interaction between driver and
vehicle
Networked traffic system:
the Green Wave assistant
Cognitive assistance:
all-round visibility for commercial
vehicles
7 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Highlights MAN Truck & Bus has four winners in the “Best Commercial Vehicles of 2014” reader poll
7,400 readers of the lastauto omnibus,
trans aktuell, and FERNFAHRER
magazines voted.
The four winning vehicles:
NEOPLAN Starliner wins the high-
deck touring coach category
MAN Lion’s Regio wins the
intercity bus category
MAN Lion’s City M wins the midbus
category
MAN TGL wins the trucks up to 7.5
tons category
8 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Highlights Efficiency meets performance: the new MAN D38 six-cylinder inline engine
Technical specs for the
MAN D3876:
Horsepower of up to 640 and
3,000 Nm from 15.2 liters
Full torque from as low as
930 rpm thanks to a two-stage
turbocharger
Common rail injection with a
pressure of up to 2,500 bar
Significant weight savings due to
consistent lightweight design using
high-tensile materials
9 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Highlights Première of the MAN Truck & Bus flagship TGX D38
Technological highlights of the new
MAN TGX D38:
Efficient engines boasting a
horsepower of 520, 560, and 640
GPS-controlled cruise control
MAN EfficientCruise saves up to
six percent
New fuel-saving transmission
functions
Emergency brake assistant warns
about a collision and brakes itself in
the event of an emergency
10 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Highlights MAN Truck & Bus at the IAA Commercial Vehicles 2014
11 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Highlights MAN Diesel & Turbo sells 100th integrally geared compressor for air separation plants
MAN Diesel & Turbo air separation
trains:
Serves oxygen production volumes of
500 to over 7,000 tons per day
Exactly 102 integrally geared
compressors for this application have
been ordered since 2001
Depending on its size, a compressor
has a power output of 10 to 30 MW
The oxygen produced is primarily used
for coal liquefaction in China
12 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Highlights MAN Diesel & Turbo and EDF open second EDF power plant on Martinique
following La Réunion
The power plant on Martinique:
The plant is located in the west of
the island and was inaugurated at a
ceremony on June 27
Twelve 18V48/60 engines produce
a total 220 MW of electricity
The power plant covers around 60
percent of the Caribbean island’s
power needs
13 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Highlights MAN Diesel & Turbo and Fairbanks Morse start sales initiative in the USA
The cooperation agreement with
Fairbanks Morse:
Cooperation for gas and dual-fuel
engines
Exclusive power plant cooperation
for a five-year period
Fairbanks Morse has been a
licensee of MAN marine engines
since 1995
New 10.3 MWe 20V35/44G gas engine
14 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Highlights MAN Diesel & Turbo a founding member of the Maritime LNG Platform initiative
The 5-year objectives for a concrete
and measurable reduction in SOx,
NOx, CO2, and particulate matter:
At least 50 additional ships in
German ports that run on LNG
At least 5 German ports in a position
to supply ships with LNG
15 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Highlights MAN Diesel & Turbo low-speed dual-fuel engines run on ethane for the first time
Ocean Yield ASA (Oslo) orders three
LEG carriers from Sinopacific
Offshore & Engineering, China:
LEG: liquefied ethylene gas
The order comprises three LEG
tankers with a capacity of 36,000 m³
each
Each of the ships are powered by an
MAN B&W ME-GI dual-fuel engine
that runs on ethane
The ships are set to be delivered in
August, October, and December
2016
16 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Highlights MAN Diesel & Turbo at SMM Hamburg 2014 –
power range of high-speed marine engines extended
17 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Highlights MAN Diesel & Turbo at SMM Hamburg 2014 –
power range of high-speed marine engines extended
5,000 – 10,000 kW
1,500 – 5,000 kW
500 – 1,300 kW
18 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Agenda
1 Highlights Dr. Pachta-Reyhofen
2 Business Performance Dr. Park
3 Outlook Dr. Pachta-Reyhofen
19 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Dr. Peter Park Executive Vice President for Finance of MAN SE,
Chief Financial Officer of MAN Diesel & Turbo SE
Munich, July 30, 2014
20 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Business Performance Order intake
MAN Group: January – June 2014
€ mn
2013 2014
-2%
€ mn
H1
2013
H1
2014
Δ
in %
Q2
2013
Q2
2014
MAN Truck & Bus 4,585 4,656 +2 2,392 2,390
MAN Latin America 1,576 1,195 -24 754 625
Commercial Vehicles* 6,161 5,784 -6 3,146 2,984
CV order intake (units)* 67,228 62,646 -7 34,054 32,874
MAN Diesel & Turbo 1,601 1,687 +5 874 901
Renk 237 226 -4 121 102
Power Engineering* 1,838 1,906 +4 995 1,001
MAN Group 7,846 7,674 -2 4,039 3,976
7,846 7,674
* 2014: consolidated presentation, 2013: consolidated effects were immaterial.
21 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Business Performance Sales revenue
MAN Group: January – June 2014
€ mn
* 2014: consolidated presentation, 2013: consolidated effects were immaterial. 2013 2014
-12%
€ mn
H1
2013
H1
2014
Δ
in %
Q2
2013
Q2
2014
MAN Truck & Bus 4,346 3,913 -10 2,404 2,131
MAN Latin America 1,576 1,195 -24 754 625
Commercial Vehicles* 5,922 5,071 -14 3,158 2,735
CV unit sales (units)* 65,550 57,635 -12 34,752 31,249
MAN Diesel & Turbo 1,615 1,426 -12 872 726
Renk 225 216 -4 103 108
Power Engineering* 1,840 1,634 -11 975 830
MAN Group 7,629 6,699 -12 4,036 3,561
7,629
6,699
22 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Business Performance Order backlog*
MAN Group: Dec. 31, 2013, vs. June 30, 2014
€ mn
2013 2014
€ mn 2013
H1
2014
Δ
in %
MAN Truck & Bus 1,902 2,483 +31
MAN Latin America - - -
Commercial Vehicles** 1,902 2,448 +29
MAN Diesel & Turbo 3,245 3,505 +8
Renk 648 651 0
Power Engineering** 3,893 4,148 +7
MAN Group 5,776 6,583 +14
*As of June 30, 2014, vs. December 31, 2013.
**2014: consolidated presentation, 2013: consolidated effects were immaterial.
5,776
6,583
+14%
23 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Business Performance Operating profit/loss
MAN Group: January – June 2014
€ mn
€ mn
H1
2013
H1
2014
Δ
in € mn
Q2
2013
Q2
2014
MAN Truck & Bus 44 79 +36 66 68
MAN Latin America 104 67 -36 45 36
Commercial Vehicles* 147 150 +2 111 107
MAN Diesel & Turbo -222 88 +310 -104 55
Renk 27 26 -1 11 12
Power Engineering* -194 114 +308 -93 67
MAN Group* -123 222 +346 -26 154
*2014: consolidated presentation, 2013: consolidated effects were immaterial.
2013 2014
2013
+€346 mn
222
-123
24 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Business Performance Operating return on sales
MAN Group: January – June 2014
%
%
H1
2013
H1
2014
Δ
in %-pts.
Q2
2013
Q2
2014
MAN Truck & Bus 1.0 2.0 +1.0 2.7 3.2
MAN Latin America 6.6 5.6 -1.0 6.0 5.7
Commercial Vehicles* 2.5 3.0 +0.5 3.5 3.9
MAN Diesel & Turbo -13.7 6.2 +19.9 -11.9 7.5
Renk 12.1 11.9 -0.2 10.2 11.0
Power Engineering* -10.6 7.0 +17.6 -9.6 8.0
MAN Group -1.6 3.3 +4.9 -0.6 4.3
*2014: consolidated presentation, 2013: consolidated effects were immaterial.
2013 2014
2013
+4.9%-pts.
3.3
-1.6
25 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Business Performance Headcount*
MAN Group: Dec. 31, 2013 vs. June 30, 2014
*As of June 30, 2014, vs. December 31, 2013.
**2014: consolidated presentation, 2013: consolidated effects were immaterial.
H1
2013
H1
2014
Δ
in %
MAN Truck & Bus 36,887 36,153 -2
MAN Latin America 2,020 1,998 -1
Commercial Vehicles** 38,272 38,151 0
MAN Diesel & Turbo 14,560 14,809 +2
Renk 2,306 2,205 -4
Power Engineering** 16,849 17,014 +1
MAN Group 56,102 55,480 -1
56,102 55,480
2013 2014
-1%
26 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
-738
-684
Business Performance Net cash flow / net financial debt
* As of June 30, 2014, vs. December 31, 2013.
-1,315
-1,225
+€55 mn
+€89 mn
Net cash flow
€ mn
Net financial debt*
€ mn
H1 2013 H1 2014 2013 2014
27 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Agenda
1 Highlights Dr. Pachta-Reyhofen
2 Business Performance Dr. Park
3 Outlook Dr. Pachta-Reyhofen
28 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Outlook for 2014
Commercial Vehicles:
Unit sales and sales revenue significantly below prior-year level –
due in particular to further deterioration in the economic outlook for Brazil
and Argentina
Operating profit significantly lower than in the previous year
Operating return on sales on roughly the same level as the previous year
Power Engineering
Fierce competition, slow license business in the marine sector, and
customer reticence in the after-sales business
Order intake and sales revenue close to prior-year figure
Operating profit and operating return on sales to improve significantly
MAN Group
Noticeable year-on-year decline in sales revenue
Significant increase in operating profit attributable to Power Engineering
Operating return on sales to significantly exceed the prior-year level
29 < > MAN SE Press Conference for the Half-Yearly Report July 30, 2014
Press Conference for the Half-Yearly Report MAN SE
Munich, July 30, 2014
