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Audi 2015 1st half
Investor and Analyst Day
Audi 2015 1st half
Investor and Analyst Day
Rupert Stadler
Rupert Stadler
Chairman of the Board of Management, AUDI AG
Chairman of the Board of Management, AUDI AG
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Worldwide deliveries: best-ever 1st half of the year
Audi deliveries to customers (in thousand vehicles)
869902
1-6/2014 1-6/2015
+ 3.8 %
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Lamborghini: the luxury brand doubles its deliveries
Lamborghini deliveries to customers
956
1-6/2014 1-6/2015
+ 96.9 %
1,882
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Ducati: La Rossa posts new half-year sales record
Ducati deliveries to customers
1-6/2014 1-6/2015
+ 21.8 %
26,779
32,608
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Audi Group: financial key figures
January June 2015
1-6/2014 1-6/2015
2,6712,914
1-6/2014 1-6/2015
Operating profit (EUR million) Operating return on sales
+ 9.1%
10.0% 9.8%
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real estate prices
corporate profits
China: economy is cooling off
growth2015
20157%7%2015
7%
stock markets
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Sales performance: deliveries increase slightly
Audi deliveries to customers
China(incl. HK)273,853
deliveries
+ 1.9 %
China(incl. HK)273,853
deliveries
+ 1.9 %
China(incl. HK)273,853
deliveries
+ 1.9 %
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Europe: Audi is premium brand number one
Audi deliveries to customers
Western
Europe
+ 4.1 %
Western
Europe
+ 4.1 %
Western
Europe
+ 4.1 %
Spain
+ 10.3 %
Spain
+ 10.3 %
Spain
+ 10.3 %
Italy+ 7.9 %Italy+ 7.9 %Italy+ 7.9 %
Germany
+ 5.5 %Germany
+ 5.5 %Germany
+ 5.5 %
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Russia: car market contracts substantially
in million automobiles
1-6/2014 1-6/2015
1.2
0.7
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United States: Audi grows twice as fast as overall market
Audi deliveries to customers
USA
93,615
deliveries
+ 11.0 %
USA
93,615
deliveries
+ 11.0 %
USA
93,615
deliveries
+ 11.0 %
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America
127,117deliveries
+ 12.4 %
America
127,117deliveries
+ 12.4 %
America
127,117deliveries
+ 12.4 %
American continent: sales show double-digit growth
Audi deliveries to customers
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Investment program: Audi follows strategic path
24 billion EUR
until 2019
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Brazil
8,683deliveries
+ 39.4 %
Brazil
8,683deliveries
+ 39.4 %
Brazil
8,683deliveries
+ 39.4 %
Brazil: local production supports leading position in the market
Audi deliveries to customers
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Mexico: local production will add stimulus
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Products 2015: Audi launches important models
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Outlook: Audi extends portfolio in booming SUV Segment
+36%
worldwide segment growth
2014 to 2020*
* Source: IHS Automotive
Sketch of Audi Q1
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Piloted driving: Audi proves reliability and precision
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Audi on demand: Audi offers mobility service in San Francisco
Exclusive Audi Fleet
Audi Concierge
Digital Access
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Audi 2015 1st half
Investor and Analyst Day
Audi 2015 1st half
Investor and Analyst Day
Axel StrotbekAxel Strotbek
Member of the Board for Finance and Organization, AUDI AGMember of the Board for Finance and Organization, AUDI AG
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Audi Group revenueEUR million
Motorcycles segment
EUR 436 million
Automotive segment
EUR 29,348 million
29,784
26,690
1-6/2014 1-6/2015
+11.6%
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Income Statement of the Audi Group (IFRS)EUR million
1-6/2015 1-6/2014 Change
Revenue
Cost of goods sold
29,784
-23,636
26,690
-21,870
+11.6%
+8.1%
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Income Statement of the Audi Group (IFRS)EUR million
Revenue
Cost of goods sold
Gross profit
1-6/2015 1-6/2014 Change
29,784
-23,636
6,148
26,690
-21,870
4,820
+11.6%
+8.1%
+27.6%
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Income Statement of the Audi Group (IFRS)EUR million
Revenue
Cost of goods sold
Gross profit
Distribution costs
1-6/2015 1-6/2014 Change
29,784
-23,636
6,148
-2,592
26,690
-21,870
4,820
-2,419
+11.6%
+8.1%
+27.6%
+7.2%
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Income Statement of the Audi Group (IFRS)EUR million
Revenue
Cost of goods sold
Gross profit
Distribution costs
Administrative expenses
1-6/2015 1-6/2014 Change
29,784
-23,636
6,148
-2,592
-312
26,690
-21,870
4,820
-2,419
-300
+11.6%
+8.1%
+27.6%
+7.2%
+3.8%
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Revenue
Cost of goods sold
Gross profit
Distribution costs
Administrative expenses
Other operating result
Operating profit
Income Statement of the Audi Group (IFRS)EUR million
1-6/2015 1-6/2014 Change
29,784
-23,636
6,148
-2,592
-312
-331
2,914
26,690
-21,870
4,820
-2,419
-300
570
2,671
+11.6%
+8.1%
+27.6%
+7.2%
+3.8%
X
+9.1%
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Audi Group operating profitEUR million
2,9142,671
1-6/2014 1-6/2015
+9.1%
* EUR 46 million including depreciation in view of the revaluation of assets/liabilities for purchase price allocation.
Motorcycles segment
EUR 58 million*
Automotive segment
EUR 2,868 million
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Operating profit
Financial result
thereof result from investments
accounted for using the equity method
Profit before tax
2,914
236
226
3,150
2,671
430
265
3,102
+9.1%
-45.2%
-14.5%
+1.6%
Income Statement of the Audi Group (IFRS)EUR million
1-6/2015 1-6/2014 Change
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Audi Group: Return on salesin percent
Operating return on sales Return on sales before tax
9.8
1-6/20151-6/2014
10.0
1-6/2014
10.6
1-6/2015
11.6
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Cash Flow Statement of the Audi GroupEUR million
Cash flow from operating activities
1-6/2015 1-6/2014 Change
3,860 3,712 +4.0%
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Cash Flow Statement of the Audi GroupEUR million
Cash flow from operating activities
Investing activities
attributable to operating activities
1-6/2015 1-6/2014 Change
3,860
-2,001
3,712
-1,552
+4.0%
+28.9%
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Cash Flow Statement of the Audi GroupEUR million
Cash flow from operating activities
Investing activities
attributable to operating activities
Net cash flow
1-6/2015 1-6/2014 Change
3,860
-2,001
1,860
3,712
-1,552
2,160
+4.0%
+28.9%
-13.9%
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Cash flow from operating activities
Investing activities
attributable to operating activities
Net cash flow
Net liquidity
Cash Flow Statement of the Audi GroupEUR million
1-6/2015 1-6/2014 Change
3,860
-2,001
1,860
16,668
3,712
-1,552
2,160
15,324
+4.0%
+28.9%
-13.9%
+8.8%
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Forecast 2015
Outlook
Deliveries of cars of theAudi brand to customers
moderate increase
Revenue
moderate increase
Operating profit/Operating return on sales
within thestrategic target corridorof 8 to 10 percent
Return on investment (ROI)
with more than 18 percentsignificantly above the
minimum rate of returnof 9 percent
Net cash flow
more than EUR 2 billion
and below previousyears level
Ratio of investments inproperty, plant and equipment
slightly above the strategic
target corridor of5.0 to 5.5 percent
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Audi 2015 1st half
Investor and Analyst Day
Audi 2015 1st half
Investor and Analyst Day
Scott KeoghScott KeoghPresident, Audi of AmericaPresident, Audi of America
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Truth in EngineeringAudi
S A L E S1
F U T U R E3
P E R F O R M A N C E2
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10,
101
10,
881
14,
246
15,
65
3
16,
60
1
16,
867
11,
514
11,
455
17,
102
16,
827
18,4
28
18,2
62
Jan Feb Mar Apr May Jun
3,
161
3,
267
3,
886
3,
702
4,
16
2
3,
649
3,
730
3,
698
3,
881
3,
971
4,
40
5
4,
17
6
Jan Feb Mar Apr May Jun
2015 1st Half Year Sales
New car sales growth
New car sales total 93,615 and CPO sales total 23,861 through 1st half of 2015.
Record high new car and certified pre-owned sales
Certified pre-owned (CPO) sales growth
+ 11.0% YoY + 9.3% YoY
Truth in EngineeringAudi
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2015 1st Half Year Sales
A3
More vehicles have been sold in 1st half of 2015 versus every full year before 2010.
75% of A3 buyers are new luxury owners A Segment sedan market share of 40%
Q3
71% of Q3 buyers are new luxury owners A Segment SUV market share of 25%
C/D Mix
Since 2012, our C/D mix has improvedfrom 18.6% to ~30%
Sales Mix
SUV sales +28.5% YoY
Cars
61%
SUV
39%
Truth in EngineeringAudi
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Truth in EngineeringAudi
S A L E S1
F U T U R E3
P E R F O R M A N C E2
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Tier One Brand Consideration
Audi has solidly risen among New Luxury Buyers
1
2
3
4
5
6
7
8
2006 2007 2008 2009 2010 2011 2012 2013 2014
#2most cross-shopped
luxury brandSource: Strategic Vision NVES, 2014 Full Year Report
Truth in EngineeringAudi
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Network Development
61 new terminals through 2014
34 new terminals planned in 2015
177 terminals planned by 2020
Currently 119 active dealer projects
Truth in EngineeringAudi
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Truth in EngineeringAudi
S A L E S1
F U T U R E3
P E R F O R M A N C E2
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Product Launches
2016 launch of C SUV and B Sedan will compete in 43% of the luxury market.
2015
2016
TT A3 e-tron
Q7 A4 R8
Truth in EngineeringAudi
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Future Technology
Battery Electric Vehicles Audi connect Autonomous Driving
Truth in EngineeringAudi
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AoA Technology
Progressive Retail and ART
Truth in EngineeringAudi
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Disclaimer
This presentation contains forward-looking statements and information on the business development of the AudiGroup. These statements may be spoken or written and can be recognized by terms such as expects,anticipates, intends, plans, believes, seeks, estimates, will or words with similar meaning.
These statements are based on assumptions relating to the development of the economies of individual countries,and in particular of the automotive industry, which we have made on the basis of the information available to usand which we consider to be realistic at the time of going to press. The estimates given involve a degree of risk,and the actual developments may differ from those forecast.
Consequently, any unexpected fall in demand or economic stagnation in our key sales markets, such as in WesternEurope (and especially Germany) or in China or the USA, will have a corresponding impact on the development ofour business.
The same applies in the event of a significant shift in current exchange rates relative to the US dollar, sterling, yenand Chinese renminbi.
If any of these or other risks occur, or if the assumptions underlying any of these statements prove incorrect, theactual results may significantly differ from those expressed or implied by such statements.
We do not update forward-looking statements retrospectively. Such statements are valid on the date ofpublication and can be superseded.