us - volvo cars/media/files/v/volvo-cars-ir/result… · cash balance & marketable securities...

• US – New plant in South Carolina announced

• Sweden – Three shifts in Torslanda, 1,500 new jobs

added

• New regional structure

• Consolidation of the Chinese industrial entities

• All-new XC90

• All-new XC90 excellent start

• Positive impact on profitability

• Delivery to customers

key events H1 2015

2VOLVO CAR GROUP; JAN-JUN 2015

• Sales slightly up

• Strong performance in Sweden and Western Europe

• US stabilizes

• China slowing down

• Improved Operating Income (EBIT) up to MSEK

1,660 (968)

• Good Cash Flow management

performance H1 2015 – strong Ebit


• The Chinese industrial entities have been

incorporated into Volvo Car Group and are

fully consolidated from January 1, 2015

• Reflects Volvo Cars’ global operations

• Only OEM to consolidate

• Volvo Cars increased its ownership up to 50%

• Purchase price of BSEK 2.2

Chinese entities consolidated


Financials h1 2015


sales – slight improvement

VOLVO CAR GROUP; JAN-JUN 2015 6

Retail sales

(number of cars sold) H1 2015 H1 2014 Change,%

Western Europe (excl. Sweden) 93,398 87,630 6.6

China 38,292 38,751 -1.2

Sweden 32,460 30,511 6.4

U.S. 29,367 29,331 0.1

Other markets 38,767 42,790 -9.4

Total 232,284 229,013 1.4

SEK millions H1 2015 H1 2014

Revenue 75,215 66,985

Gross Income 16,096 11,247

Operating Income (EBIT) 1,660 968

Operating Margin (%) 2.2 1.4

Net Income 877 265

Operating & Investing Cash Flow* -1,044 -5,504


Financial highlights H1 2015

*Adjusted for investments in marketable securities

EBIT – Improvement driven by sales mix

290968

2,000

2,500

500

1,000

1,500

0

H1 2015 EBITMargin,

Exchange, Fixed

Cost and Other

Sales Mix

1,060

H1 2014 EBIT Volume

1,660-658

msek


291

659

25,000

20,000

15,000

10,000

5,000

0

Cash Balance

& Marketable

Securities H1

2015

Cash Balance

& Marketable

Securities

FY2014

17,002

21,127

Exchange

on Cash

Financing

3,540

Marketable

Securities

Investing

-8,130

Operating

7,765

9

CASH Flow – good management

VOLVO CAR GROUP; JAN-JUN 2015

msek

• Slight increase in Revenue

• Profitability improved

• EBIT Margin up from 1.4% to 2.2%

• Operating Income increased from MSEK 968 to

MSEK 1,660

• Good Cash Flow management for operating

and investing activities

Summary – Financials h1 2015


• Sales growth close to 500,000 units

• Return to growth in the U.S.

• Positive impact from the XC90

• Substantial improvements in profitability

2015 Outlook – momentum continues


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