Capital Market Presentation Q1 2021 Daimler AG
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Daimler Internal
Capital Market Presentation Q1 2021
Daimler AG
Daimler AG 1
Daimler Internal
Daimler: Key messages
▸ Q1 margin at Mercedes-Benz Cars & Vans demonstrates strength of
portfolio and ability to lower break-even point
▸ Excellent Net Industrial Liquidity & effective Working Capital
management
▸ Project Focus: spin-off and listing of Daimler Truck in preparation
▸ World premieres of EQS, EQA and EQB underline ambition to lead in
electric drive and car software with high-tech luxury EVs
Daimler AG 2
Daimler Internal
Daimler: Key figures
Free Cash Net Industrial
Sales Revenue EBIT EBIT adj.
in thousand units in billion euros in billion euros in billion euros
Flow (IB) Liquidity
in billion euros in billion euros
729
41.0 20.1
644 5.7
37.2
1.8
5.0
+13% +10% +832% +591% +4.1 9.3 117%
0.6 0.7
-2.3
Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 3/31/2020 3/31/2021
Daimler AG 3
Daimler Internal
Review
Q1 2021
Daimler AG 4
Daimler Internal
Mercedes-Benz Cars: Highlights
▸ Positive trend from H2 2020 continued
▸ Favourable sales momentum with record sales in China
▸ Fascinating products and favourable mix drive pricing
▸ Global EV share of Mercedes-Benz Cars at about 10%, in Europe
above 25%
▸ Improved industrial performance; significant fixed cost reduction
▸ Mercedes-Benz Drive System Campus gearing up for “Electric First”
future
Daimler AG 5
Daimler Internal
EQA: Already more than 20,000 orders for our compact EV with progressive
design, extensive range and intuitive operation based on MBUX.
EQB: Seven seater with a unique position among electric cars - compact on the
outside, spacious on the inside, all-electric through and through.
EQS: The „S-Class“ of EVs raises the bar for sustainable high-tech luxury with
industry leading range, aerodynamics and refinement.
Daimler AG
Daimler Internal
Mercedes-Benz Cars: Business development
Group sales of Mercedes-Benz passenger cars per month
in thousand units
China Europe United States
80 90 40
70 80 35
60 70 30
60
50 25
50
40 20
40
30 15
30
20 20 10
10 10 5
0 0 0
Jan 20 Mar 21 Jan 20 Mar 21 Jan 20 Mar 21
Daimler AG 7
Daimler Internal
Mercedes-Benz Vans: Highlights
▸ Volume growth with strong profitability underpinned by low cost base
▸ Strong sales performance with best first quarter in the US and in
China
▸ Group Sales of electric vans quadrupled compared to Q1 2020
▸ Next generation eSprinter will be produced close to market in
Charleston, Düsseldorf and Ludwigsfelde starting in 2. HY 2023
Daimler AG 8
Daimler Internal
Mercedes-Benz Cars & Vans: Financials
Sales Revenue EBIT adj. CFBIT adj.
in thousand units in billion euros in billion euros in billion euros
26.9
627 3.8
23.2
547 3.1
+15% +16% +537% +4.4
0.6
-1.3
Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021
Daimler AG 9
Daimler Internal
Mercedes-Benz Cars & Vans: EBIT & RoS
Higher unit sales (mainly in China), favourable mix
favourable net pricing
in million euros Improved industrial performance; significant fixed cost reduction
Higher at-equity contribution from Beijing Benz Automotive Co., Ltd. (BBAC)
Gross profit +2,537 One-offs (IPO Chargepoint, Sale of property Ulm)
Foreign exchange rates
3,841 +237 4,078
+423
+302 +97 -121
+2,311 -129 +355
RoS: • Legal RoS:
Proceedings -75
14.3% 15.2%
RoS: • Restructuring -292
RoS: • M&A transaction+604
2.2% 2.6%
510 +93 603
• Legal
proceedings +93
EBIT Adjustments EBIT Volume/ Foreign Industrial Selling General Research & non- Others EBIT Adjustments EBIT
Q1 2020 adjusted Structure/ exchange performance expenses administrative capitalized adjusted Q1 2021
Q1 2020 Net pricing rates expenses developm. costs Q1 2021
Daimler AG 10Daimler Internal
Mercedes-Benz Cars & Vans: Reconciliation from EBIT to CFBIT
in million euros
+844 +186 -1,586 +1,498 -3,052
4,078
+1,161 3,129
1,968
t/o
• US penalty payments -912 • Legal Proceedings +1,062
• Cellcentric -604 • Restructuring +409
• Result at-equity BBAC -483 • M&A transaction -310
• ChargePoint -179
EBIT Change in Net financial Net investments Depreciation and Other CFBIT Adjustments CFBIT
Q1 2021 working capital investments in pp&e and amortization/ Q1 2021 adjusted
intangible assets impairments Q1 2021
Daimler AG 11Daimler Internal
Daimler Trucks & Buses: Highlights
▸ Increase in truck sales, mainly in Europe and North America due to
improved market conditions and SoM gains
▸ Incoming truck orders in all regions significantly above prior-year’s
quarter
▸ Further reduction of used vehicles stocks and favourable net pricing
▸ Global strategic partnership for medium-duty engine systems with
Cummins Inc. signed
▸ Fuel-cell joint venture “cellcentric” with Volvo Group
closing completed
Daimler AG 12Daimler Internal
Daimler Trucks: Strategic Partnerships
Daimler Truck AG and the Volvo Cummins Inc. to establish an engine plant
Group complete creation of within the Mercedes-Benz Mannheim
fuel-cell joint venture: cellcentric campus to localize medium-duty engines
▸ Volvo Group has acquired 50 percent of the ▸ In the future, global medium-duty engine systems for
partnership interests in the existing Daimler Truck Fuel Daimler Trucks and Buses all over the world will be
Cell GmbH & Co. KG for approx. EUR 0.6 bn. provided by Cummins Inc.
▸ Develop, produce and commercialize fuel cell systems ▸ Partnership is part of transformation program:
for use in heavy-duty trucks and other applications Optimize cost structure in the long term and focus
capital allocation on future technologies
▸ Concept Mercedes-Benz GenH2 Truck:
This year, first prototypes of the vehicle will be tested ▸ Daimler Truck AG: Focus on alternative drive
on the roads and customer trials are scheduled for ’23. technologies and heavy-duty commercial vehicle
engines
Daimler AG 13Daimler Internal
Daimler Trucks & Buses: Business development
Group sales of Daimler Trucks per month
in thousand units
Incoming Orders per quarter
30 EU30 60 North America Asia
25
25 50
20 40 20
15 30 15
10 20 10
5 10 5
0 0 0
Jan 20 Mar 21 Jan 20 Mar 21 Jan 20 Mar 21
Daimler AG 14Daimler Internal
Daimler Trucks & Buses: Financials
Sales Revenue EBIT adj. CFBIT adj.
in thousand units in billion euros in million euros in million euros
101
8.7 8.7
98
518
435
+4% -1% 247 +110% +520
-85
Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021
Daimler AG 15Daimler Internal
Daimler Trucks & Buses: EBIT & RoS Higher truck unit sales mainly in EU30 and North America
Positive contribution from used vehicle business and favourable development of
net pricing
Higher costs, mainly related to raw material, supply chain constraints and
in million euros preventive health measures to avoid effects of COVID-19
+523 1,041
Gross profit +193
+280 -15 -72 +48 518
+9 -23 +44
247
• Restructuring RoS:
RoS: RoS: measures -88
2.8 % 6.0 % • Fuel Cell JV +611 12.0%
EBIT Volume/ Foreign Industrial Selling General Research & non- Others EBIT Adjustments EBIT
Q1 2020 Structure/ exchange performance expenses administrative capitalized adjusted Q1 2021
Net pricing rates expenses developm. costs Q1 2021
Daimler AG 16Daimler Internal
Daimler Trucks & Buses: Reconciliation from EBIT to CFBIT
in million euros
+287 -664
1,041 +314 -198
-159
621 -186
435
t/o • Restructuring
• cellcentric -622 measures +95
• Fuel Cell JV -281
EBIT Change in Net financial Net investments Depreciation and Other CFBIT Adjustments CFBIT
Q1 2021 working capital investments in pp&e and amortization/ Q1 2021 Q1 2021
intangible assets impairments adjusted
Daimler AG 17Daimler Internal
Daimler Mobility: Highlights
▸ Strong loyalty and retention driving new business above Q1
2020, especially in China
▸ Stable credit reserve level with continuously low net credit
losses
▸ Further improvements at mobility services:
▸ Ongoing optimization of its holdings
▸ PARK NOW - Announcement of intended acquisition by EasyPark
▸ CHARGE NOW - new additional partner and investor with bp
▸ YOUR NOW - continuous extension of business activities
(e.g. Multi Mobility Services, SHARE NOW rewards)
Daimler AG 18Daimler Internal
Daimler Mobility: Financials
New Contract
EBIT adj.
business volume in million euros
in billion euros in billion euros
16.2 16.8 150.6 152.7 691
+4% +1% +633
58
Q1 2020 Q1 2021 12/31/2020 3/31/2021 Q1 2020 Q1 2021
Daimler AG 19Daimler Internal
Daimler Mobility: EBIT & RoE
Lower addition to credit risk reserve
Favourable margin development
in million euros
OPEX improvement
Gross profit* 638
+53 744
+102 +3 +25 0 691
+536
RoE: RoE: RoE: • Restructuring RoE:
1.6% 1.6% 18.7% measures -36
20.2%
• VIA
-33 +89
58 0 58
EBIT Adjustments EBIT Foreign Cost of risk Volume/* Selling* General* Others* EBIT Adjustments EBIT
Q1 2020 adjusted exchange Margin expenses administrative adjusted Q1 2021
Q1 2020 rates expenses Q1 2021
* excluding FX effects
Daimler AG 20Daimler Internal
Daimler Q1 2021: Group EBIT
in million euros +778 5,748
+633 +109 4,970
+271
+3,238
Mercedes-Benz Cars & Vans:
• Legal proceedings -75
• Restructuring measures -292
• M&A transactions +604
Daimler Trucks & Buses:
• Restructuring measures -88
• M&A transactions +611
Daimler Mobility:
617 102 719 • Restructuring measures
• M&A transactions
-36
+89
• Legal Reconciliation:
proceedings +102 • Restructuring measures -35
EBIT EBIT
EBIT Adjustments EBIT Mercedes-Benz Daimler Daimler Reconciliation Adjustments
adjusted Q1 2021
Q1 2020 adjusted Cars & Vans Trucks & Buses Mobility
Q1 2021
Q1 2020
Daimler AG 21Daimler Internal
Daimler Q1 2021: Reconciliation from CFBIT to Free Cash Flow
in million euros
+1,022 2,832
+621 -355
-100 -126
1,968 -198
1,810
• Legal proceedings +1,063
• Restructuring measures +550
• M&A transactions -591
CFBIT CFBIT Income Interest Effects from Other Free cash flow Adjustments Free cash flow
Mercedes-Benz Daimler taxes paid Pensions reconciling (industrial business) (industrial business)
Cars & Vans Trucks & Buses paid* items adjusted
* includes internal tax prepayments from Daimler Mobility to the industrial business
Daimler AG 22Daimler Internal
Daimler: Net Industrial Liquidity
in billion euros
+1.8 -1.9 20.1
+0.6 +0.5 +0.4
17.9 +0.8
Free cash flow industrial business
Q1 2021: € 1,810 million
Net industrial Earnings and Working Depreciation and Additions to Investments in Other Net industrial
liquidity other cash capital impact amortization/ property, plant, and disposals of (mainly liquidity
12/31/2020 flow impact impairments equipment and shareholdings FX effects) 3/31/2021
intangible assets
Daimler AG 23Daimler Internal
Outlook
2021
Daimler AG 24Daimler Internal
Performance: Market Guidance 2021
ASSUMPTION
Our expectations for the development of business in 2021 are based on the assumption of a gradual
normalization of economic conditions in the markets that are important to us. In particular, we assume
that the world economy will be able to recover from the pandemic-related weakness of the
year 2020, aided by, among other things, the increasing availability of effective vaccines.
Global significant increase
Europe significant increase
Car Markets
USA significant increase
China significant increase
EU30 significant increase
Van Markets
USA significant increase
North America significant increase
EU30 significant increase
Heavy-Duty Truck Markets
Japan at prior-year level
Brazil slight increase
Daimler AG 25Daimler Internal
Performance: Daimler Group Guidance 2021
ASSUMPTION
Our expectations for the development of business in 2021 are based on the assumption of a gradual
normalization of economic conditions in the markets that are important to us. In particular, we assume
that the world economy will be able to recover from the pandemic-related weakness of the
year 2020, aided by, among other things, the increasing availability of effective vaccines.
Daimler Group Revenue significantly above
Daimler Group EBIT significantly above
Free Cash Flow (industrial business) significantly below
Investment in PP&E at prior-year level
R&D expenditure slightly above
CO2 emission (g/km)* significantly below
* vs. the comparable figures for the previous year calculated according to WLTP (probably between 130 to 140 g/km, based on preliminary figures for fuel
consumption in 2020 taking into account the statutory regulations of 2021)
The Daimler Business Plan covers the full year 2021 and is based on the existing Group structure, including Daimler Trucks & Buses. The spin-off of Daimler Trucks
& Buses, including significant parts of the related financial services business, will be examined before the end of 2021. Before the spin-off, we will reclassify Daimler
Truck as discontinued
Daimler AG operations. We expect this to have considerable positive effects in the second half of the year, which cannot be reliably determined at present 26Daimler Internal
Performance: Divisional Guidance 2021
ASSUMPTION
Our expectations for the development of business in 2021 are based on the assumption of a gradual
normalization of economic conditions in the markets that are important to us. In particular, we assume
that the world economy will be able to recover from the pandemic-related weakness of the
year 2020, aided by, among other things, the increasing availability of effective vaccines.
Cars significantly above
Unit Sales Vans significantly above
Trucks & Buses significantly above
Mercedes-Benz Cars & Vans 10 to 12%
Return on Sales
Daimler Trucks & Buses 6 to 7%
(adjusted*)
Daimler Mobility (RoE) 14 to 15%
Cash Conversion Cars & Vans 0.7 to 0.9x
Rate** (adjusted) Trucks & Buses 0.8 to 1.0x
* The adjustments include material adjustments if they lead to significant effects in a reporting period. These material
adjustments relate in particular to legal proceedings and related measures, restructuring measures and M&A matters.
** Adjusted Cash Flow before Interest and Taxes (CFBIT) divided by adjusted EBIT.
Daimler AG 27Daimler Internal
Strategic priorites in 2021
Raising Accelerating Preparing
Performance Technology Project Focus
MBC&V RoS Q1 14.3% FYe 10-12% World Premiers of Capital Market Update Daimler
DT&B RoS Q1 6.0% FYe 6-7% EQS, EQB, EQA Truck on May 20
DMO RoE Q1 18.7% FYe 14-15%
Daimler AG 28Daimler Internal
Appendix
Daimler AG 29Daimler Q1 2021
Unit sales by division
in thousand units
Q1 2020 Q1 2021 % change
Daimler Group 644 729 +13
of which
Mercedes-Benz Cars & Vans 547 627 +15
Daimler Trucks & Buses 98 101 +4
Daimler AG Capital Market Presentation Q1 2021 / April 23, 2021 / Page 30Daimler Q1 2021
Revenue by divisions
in billion euros
Q1 2020 Q1 2021 % change
Daimler Group 37.2 41.0 +10
of which
Mercedes-Benz Cars & Vans 23.2 26.9 +16
Daimler Trucks & Buses 8.7 8.7 -1
Daimler Mobility 7.1 7.0 -2
Daimler AG Capital Market Presentation Q1 2021 / April 23, 2021 / Page 31Daimler Q1 2021
Revenue by region
in billion euros
Q1 2020 Q1 2021 % change
Daimler Group 37.2 41.0 +10
of which
Europe 15.3 16.5 +8
of which Germany 5.9 5.9 -0
North America 11.1 11.4 +2
of which United States 9.9 10.1 +2
Asia 8.6 11.0 +27
of which China* 3.8 6.0 +56
Other markets 2.1 2.1 -0
* excluding revenue of not fully consolidated companies
Daimler AG Capital Market Presentation Q1 2021 / April 23, 2021 / Page 32Daimler Q1 2021
EBIT by division
EBIT in million euros; RoS/RoE in %
Q1 2020 Q1 2021
EBIT RoS/RoE* EBIT RoS/RoE*
Daimler Group 617 1.9 5,748 14.7
of which
Mercedes-Benz Cars & Vans 510 2.2 4,078 15.2
Daimler Trucks & Buses 247 2.8 1,041 12.0
Daimler Mobility 58 1.6 744 20.2
Reconciliation -198 – -115 -
* Return on sales for automotive business, return on equity for Daimler Mobility; Daimler Group excluding Daimler Mobility.
Daimler AG Capital Market Presentation Q1 2021 / April 23, 2021 / Page 33Daimler Q1 2021
Reconciliation of EBIT reported to EBIT adjusted
in million euros
Mercedes-Benz Daimler Trucks & Daimler Mobility Reconciliation Daimler Group
Cars & Vans Buses
EBIT as reported Q1 2021 4,078 1,041 744 -115 5,748
Legal proceedings and related
75 - - - 75
measures
Restructuring measures 292 88 36 35 451
M&A transactions -604 -611 -89 - -1,304
EBIT adjusted Q1 2021 3,841 518 691 -80 4,970
Daimler AG Capital Market Presentation Q1 2021 / April 23, 2021 / Page 34Daimler Q1 2021
EBIT adjusted by division
EBIT in million euros; RoS/RoE in %
Q1 2020 Q1 2021
EBIT RoS/RoE* EBIT RoS/RoE*
Daimler Group 719 2.2 4,970 12.6
of which
Mercedes-Benz Cars & Vans 603 2.6 3,841 14.3
Daimler Trucks & Buses 247 2.8 518 6.0
Daimler Mobility 58 1.6 691 18.7
Reconciliation -189 – -80 -
* Return on sales for automotive business, return on equity for Daimler Mobility; Daimler Group excluding Daimler Mobility
Daimler AG Capital Market Presentation Q1 2021 / April 23, 2021 / Page 35Daimler Q1 2021
Key balance sheet and financial figures
in billion euros
Daimler Group Dec. 31, 2020 March 31, 2021
Equity ratio 21.3% 22.5%
Gross liquidity 29.4 32.0
Funded status of pension obligations -11.0 -8.3
Funding ratio 72% 77%*
Industrial business
Equity ratio 37.3% 39.1%
Net liquidity 17.9 20.1
Free cash flow (January-March) -2.3 1.8
* change in Funding ratio driven by rising discount rates
Daimler AG Capital Market Presentation Q1 2021 / April 23, 2021 / Page 36Daimler Q1 2021
Financial flexibility over a 12-month period
in billion euros
65.5
Other incl.
ABS potential 52.0 Fin. Lease Net industrial liquidity at €20.1 billion improved significantly
Commercial
paper
Gross industrial liquidity at €27.9 billion
Bank loans
Credit facility
Financial flexibility supported by €11 billion revolving credit facility,
Liquidity which is unutilized
Daimler Mobility
Bonds
Liquidity
industrial
business
Account
deposits
Available or Maturities
accessible over next
liquidity 12 months
Daimler AG Capital Market Presentation Q1 2021 / April 23, 2021 / Page 37Mercedes-Benz Cars: unit sales by segments
in thousand units 539
10 smart
471 3 Sports Cars
6
6
257 SUVs
182
12 16 S-Class
77 88 E-Class
72
73 C-Class
115 92 A-/B-Class
Q1 2020 Q1 2021
Daimler AG / 38Mercedes-Benz Cars: unit sales by regions
in thousand units 539
471 76 Rest of world
81 Europe
126
excl. Germany
128 56 Germany
61 73 United States
69
208 China
132
Q1 2020 Q1 2021
Daimler AG / 39Mercedes-Benz Cars: Unit sales in China
758
in thousand units
678 694
imported 619 147
127
locally produced 193
488 196
400
171
293 150 611
567
485 208
147 423
317 41
250
167
146
2014 2015 2016 2017 2018 2019 2020 2021 YTD
Daimler AG / 40Mercedes-Benz Vans: Unit sales by regions
in thousand units
88.4
76.2 10.1 Asia
6.8 4.0 Latin America
2.7 11.1 North America
7.3
53.1 57.5 EU30
6.8 5.7 Rest of world
Q1 2020 Q1 2021
/ Page
Daimler AG 41
41Mercedes-Benz Vans: Unit sales by segments
in thousand units
88.4
76.2
42.0 Sprinter
39.2
28.5 Vito
19.9
11.9 14.6 V-Class
2.2 2.9 0.1 3.2 X-Class
Citan
20.7 xx
Q1 2020 Q1 2021
Daimler AG / 42Daimler Trucks: Unit sales by regions
in thousand units
98
92
5 9 Rest of world
31
26 Asia
7
11 Latin America
36
37 North America
13 15 EU30*
Q1 2020 Q1 2021
* European Union, UK, Switzerland and Norway
Daimler AG / 43Daimler Trucks: Incoming Orders*
in thousand units
146
14 Rest of world
36 Asia
86 Latin America
11
7
24
6
54 North America
33
31
16 EU30**
Q1 2020 Q1 2021
* Net order intake, adjusted for cancellations
** European Union, UK, Switzerland and Norway
Daimler AG / 44Daimler Buses: Unit sales by regions
in thousand units
5.1
1.0
3.7
0.5
0.4 Rest of world
0.6 Latin America
1.9 (excl. Brazil and Mexico)
1.6 Brazil
0.4
0.4 Mexico
1.3
0.7 EU30*
Q1 2020 Q1 2021
* European Union, UK, Switzerland and Norway
Daimler AG / 45Daimler Mobility: Contract volume
in billion euros
150.6 XX.X
152.7
26.0
17.7 18.9 China
16.8 16.5 Africa & Asia-Pacific
59.6 XX.X
51.2 53.0 Americas
38.9
41.3 XX.X
38.8 Europe
(excl. Germany)
25.9
25.9 25.5
XX.X Germany
12/31/2020 03/31/2021
Daimler AG / 46Daimler Mobility
Net credit losses*
0,89%
0,83%
0,68%
0,61%
0,50% 0,51%
0,36% 0,43%
0,37%
0,34% 0,31% 0,33%
0,31%
0,24% 0,26% 0,26%
0,21% 0,22%
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
YTD 03
* as a percentage of portfolio, subject to credit risk
Daimler AG Capital Market Presentation Q1 2021 / April 23, 2021 / Page 47YOUR NOW Joint Ventures Q1 2021
1. FREE NOW & REACH NOW 2. SHARE NOW 3. PARK NOW & CHARGE NOW
03/2021
YTD
Interactions
in millions 74.8 28.6 0.2 3.4 42.3 0.3
Customers*
in millions
99.3 47.5 1.9 3.1 46.7 0.1
Cities* >1,300 153 6 14 >1.150 n/a
* Partially, data summation w/o consideration of possible redundancies
Daimler AG Capital Market Presentation Q1/2021 / April 23, 2021 / Page 48Daimler Q1 2021 Disclaimer This document contains forward-looking statements that reflect our current views about future events. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” ”can,” “could,” “plan,” “project,” “should” and similar expressions are used to identify forward- looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates, customs and foreign trade provisions; a shift in consumer preferences towards smaller, lower-margin vehicles; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilize our production capacities; price increases for fuel or raw materials; disruption of production due to shortages of materials, labor strikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending government investigations or of investigations requested by governments and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which are described under the heading “Risk and Opportunity Report” in the current Annual Report. If any of these risks and uncertainties materializes or if the assumptions underlying any of our forward-looking statements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication. Daimler AG Capital Market Presentation FY 2020 / February 18, 2020 / Page 49
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