MERCEDES-BENZ GROUP AG Governance Presentation Annual General Meeting 2024
Mercedes-Benz Group AG
Agenda
Corporate Profile
Review FY 2023 and Strategy
Annual General Meeting 2024
ESG Governance
Supervisory Board
AGM 2023 Voting Results and Investor Concerns
Mercedes-Benz Group
Corporate Profile
Mercedes-Benz Group AG1
Revenue: | €153.2 billion2 | Employees: | 166,0513 |
Mercedes-Benz
Cars
Revenue: | €112.8 billion |
Employees: | 132,558 |
Mercedes-Benz
Vans
Revenue: | €20.3 billion |
Employees: | 19,132 |
Mercedes-Benz
Mobility
Revenue: | €26.7 billion |
Employees: | 9,768 |
1 figures FY 2023 2 incl. Reconciliation €-6.5 billion; the reconciliation includes eliminations of intra-Group revenue between the segments | ||
3 Active workforce as at 31 December 2023 (employees without holiday workers, thesis writers, interns, working students, PhD st udents, senior experts and | Governance Presentation AGM 2024 | 3 |
trainees) of Mercedes-Benz Group, incl. central functions & service 4,593 employees |
Agenda
Corporate Profile
Review FY 2023 and Strategy
Annual General Meeting 2024
ESG Governance
Supervisory Board
AGM 2023 Voting Results and Investor Concerns
Review FY 2023
Resilience in a challenging environment
Execution: Continuing to pursue strategy of profitable growth through sales of desirable cars and premium vans, combined with tight cost control and solid pricing
Profitability : Solid results demonstrate resilience in a challenging environment with subdued markets and intense price competition
Strategy : Mercedes-Benz Strategy Updates Software & Vans, Certification of SAE-Level 3 systems, Groundbreaking battery recycling factory, Ramp-up of charging business and charging JVs
Products: Scaling BEV (+73% sales growth at Mercedes-Benz
Brand), Concept CLA gives glimpse of MMA platform, Premiere of
E-Class family with MB.OS precursor
Governance Presentation AGM 2024 | 5 |
Mercedes-Benz Group
Key figures FY 2023
Revenue
in billion euros
+ 2 % | |
150.0 | 153.2 |
2022 | 2023 |
EBIT
in billion euros
-4% | |
20.5 | 19.7 |
2022 | 2023 |
Earnings per share
in euros
-1% | |
13.55 | 13.46 |
2022 | 2023 |
Free Cash Flow (IB)
in billion euros
+39% | |
11.3 | |
8.1 | |
2022 | 2023 |
Net Industrial Liquidity
in billion euros
+19% | |
31.7 | |
26.6 | |
2022 | 2023 |
Governance Presentation AGM 2024 | 6 |
Sustainable Business Strategy
Governance, disclosure, ratings
E S G c r i t e r i a i n S T I
- L T I o f v a r i a b l e r e m u n e r a t i o n
A G M 2 0 2 3
U p d a t e d B u s i n e s s A l l o c a t i o n P l a n a t t h e B o a r d o f M a n a g e m e n t w i t h o n e c e n t r a l
c o o r d i n a t io n o f s u s t a i n a b i l i t y a t R e n a t a J u n g o B r ü n g g e r
P u b l i c a t i o n o f 2n d R a w M a t e r i a l s R e p o r t
P u b l i c a t i o n o f S u s t a i n a b i l i t y R e p o r t C l i m a t e P o l i c y R e p o r t
P u b l i c a t i o n o f
C l i m a t e
T r a n s i t i o n
A c t i o n P l a n
A G M 2 0 2 4
S U S T A I N A L Y T I C S | C D P C L IMA T E |
U p g r a d e f r o m m e d i u m | A - R a t i n g |
t o l o w r i s k |
Governance Presentation AGM 2024 | 7 |
Ambition 2039
Our commitment to net carbon-neutrality1
Supply chain | Production & logistics | Well-to-tank | Tank-to-wheel | End-of-life |
SBTi2
SBTi2
SBTi2
2020: 49.7 t CO2 emissions per vehicle, Mercedes-BenzCars3
2023: 46.3 t CO2 emissions per vehicle, Mercedes-BenzCars3
2030:Targeted reduction by up to 50% by the end of this decade vs. 2020
2039: Net carbon-neutrality along the entire value chain in the new vehicle fleet
1 Net carbon-neutral means not causing any CO2 emissions and compensating any CO2 emissions that do occur through certified projects to offset emissions 2 SBTi- Science-based target initiative; Mercedes-Benz AG targets for scope 1 and 2 as well as scope 3 (use phase) emissions approved in 2019
3 Incl. scope 1, scope 2 and selected scope 3 CO2-emission categories concerning vehicle lifecycle
Governance Presentation AGM 2024 | 8 |
Strategic consistency and tactical flexibility
The pace of the transformation is set by customers and market conditions
We continue to scale our EV business | We will be able to cater to different |
+73% | customer needs until well into the 2030s |
as high as 50% | |
BEV sales at Mercedes-Benz brand in 2023 | expected xEV1 share of in the fleet of new |
vehicles at Mercedes-Benz Cars in 2nd half | |
of this decade |
1 Plug-in hybrids and all-electric vehicles
Governance Presentation AGM 2024 | 9 |
Agenda
Corporate Profile
Review FY 2023 and Strategy
Annual General Meeting 2024
ESG Governance
Supervisory Board
AGM 2023 Voting Results and Investor Concerns
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Mercedes-Benz Group AG published this content on 12 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2024 11:53:07 UTC.
