未来之行 Mobility for Generations to Come - Mr. Rainer Seidl EVP Finance & CFO of Volkswagen Group China - Volkswagen AG
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
未来之行 Mobility for Generations to Come Mr. Rainer Seidl EVP Finance & CFO of Volkswagen Group China Credit Suisse Investment Conference, 30th & 31st March 2021
Disclaimer
The following presentations as well as remarks/comments and explanations in this context contain forward-looking
statements on the business development of the Volkswagen Group. These statements are based on assumptions relating
to the development of the economic, political and legal environment in individual countries, economic regions and
markets, and in particular for the automotive industry, which we have made on the basis of the information available to
us and which we consider to be realistic at the time of going to press. The estimates given entail a degree of risk, and
actual developments may differ from those forecast. Any changes in significant parameters relating to our key sales
markets, or any significant shifts in exchange rates or commodities relevant to the Volkswagen Group or deviations in the
actual effects of the Covid-19 pandemic from the scenario presented will have a corresponding effect on the development
of our business. In addition, there may be departures from our expected business development if the assessments of the
factors influencing value enhancement and of risks and opportunities presented develop in a way other than we are
currently expecting, or if additional risks and opportunities or other factors emerge that affect the development of our
business.
We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and
can be superseded.
This information does not constitute an offer to exchange or sell or an offer to exchange or buy any securities.
Credit Suisse Investment Conference, 30 & 31 March 2021 2
Volkswagen Group China at a glance
1984 2017 2020
The joint venture agreement for Shanghai Volkswagen VW and JAC established a new joint • 19.3% market share in China’s passenger
Automotive Co. (today: SAIC VOLKSWAGEN) was signed venture for electric vehicles. car market in 2020
in Shanghai. • remained No. 1 choice for Chinese
customers
40% 25%
50% 1983 (Santana B2) 2023 (SOP)
SAIC 75%
JAC
VCIC
VW AG
1) VCIC
10%
The beginnings Modernization and portfolio expansion
First contact with FAW-VW was established. Audi joined the FAW-VW joint venture. Audi FAW NEV Co. Ltd. was established to
China - the Chinese produce electric vehicles based on PPE
government identified platform.
and chose Volkswagen
5% 1993
as a partner.
25% 40%
Audi FAW NEV Co. Ltd.
60%
55%
1991 (Jetta) 2024 (SOP)
10%
FAW
1978 FAW VCIC 5%
VCIC
1991 VW AG Audi AG
Audi AG
2021
Notes: VCIC 100% owned by VW AG.
1) VW AG includes the stakes held by ŠKODA AUTO a.s. and Audi AG.
Credit Suisse Investment Conference, 30 & 31 March 2021 3
Volkswagen Group production sites all over China
Volkswagen Group production facilities Facts and figures
35 production plants in China in 2021
6 FAW-Volkswagen vehicle plants
Changchun (2 plants)
Urumqi Changchun
Chengdu
Beijing
Dalian Foshan (1 MEB plant)
Tianjin Qingdao
Qingdao
Tianjin
Yizheng
Chengdu Hefei
Nanjing
9 SAIC VOLKSWAGEN vehicle plants
Shanghai
Changzhou
Shanghai (3 MQB plants + 1 MEB plant)
Changsha
Ningbo Nanjing
Foshan Yizheng
Ningbo
FAW-Volkswagen vehicle plants Urumqi
SAIC VOLKSWAGEN vehicle plants
Changsha
Volkswagen Anhui vehicle plant
Component plants
Volkswagen Anhui, Hefei MEB plant (In construction)
Audi FAW NEV Co. Ltd., Changchun PPE plant (In construction)
18 component & energy plants1)
1) incl. MAN Diesel & Turbo in Changzhou
Credit Suisse Investment Conference, 30 & 31 March 2021 4
Strong brands and products
Credit Suisse Investment Conference, 30 & 31 March 2021 5
Sales performance by brand of Volkswagen Group China in 2020
‘000 units
-9.1% 2019
units
4,500
4,230
2020
6,000
4,000 3,845
5,500
-13.6% -81.0%
3,500 5,000
3,120 4,500
3,000 4,057
2,696 4,000
2,500 +48.5% 3,500
2,880
3,000
2,000
2,500
1,500 1,940
2,000
+5.4%
-21.5% 1,500
1,000
690 727 -38.7% +261%
+2.6% 769
604
771 1,000
500 282
173 155 87 89 500
43
0 0
1)
1) incl. Hong Kong, excl. Ducati, MAN and Scania. All figures are rounded.
Credit Suisse Investment Conference, 30 & 31 March 2021 6Key sales figures and financials 2020
‘000 units Local production & deliveries bn € Operating profit
4,400 12
4,200 10
4,000 8
3,800 6
3,600 4
3,400 2
3,200 0
2016 2017 2018 2019 2020 2016 2017 2018 2019 2020
Local production Deliveries to customer Operating profit (100%) Operating profit (proportionate)
In 2020 In 2020
3.6 mn vehicles produced locally by joint ventures The proportionate operating result stood at €3.6 bn
3.85 mn vehicles delivered to customers The 100% operating result stood at €9.75 bn
Source: Volkswagen Group Annual Report 2020.
Credit Suisse Investment Conference, 30 & 31 March 2021 7Expand NEV footprint in China across all entities using all platforms
Audi FAW NEV
Co., Ltd.
MQB Bora BEV Tharu BEV
Golf BEV E-Lavida
Tayron PHEV Tiguan PHEV
Magotan PHEV Passat PHEV
MLB A6L PHEV
e-tron
…
MEB Capa. 900 Tsd. ID. Family ID. Family (SOP 2023)
… …
PPE Capa. 300 Tsd. (SOP 2024)
Credit Suisse Investment Conference, 30 & 31 March 2021 8Market for NEVs is expected to grow rapidly
New energy passenger vehicles market (in ’000 units) Volkswagen Group China
In 2020:
Battery Electric Vehicles >20 NEV models of all our brands
Plug-in Hybrid Electric Vehicles >65% of them were locally produced
>4/5 By 2021:
310 555 1,007 1,079 1,146
NEV portfolio will grow to 30+ models
76% 75% 80% 81%
24% 81%Volkswagen Group is pursuing a holistic strategy that enables a successful
transformation towards intelligent, connected e-mobility
We invest in Today To ensure By 2030
Pure-electric companies
• VW Anhui
• Audi FAW NEV Co., Ltd.
>2 mn units
sales annually
Battery production
• Gotion High-Tech
Charging infrastructure
• CAMS
~12 mn
pure-electric car parc
from Volkswagen
R&D capabilities
Group China
Credit Suisse Investment Conference, 30 & 31 March 2021 10TOGETHER for China 2025+ strategy
Our new Shaping mobility together with our partners
vision
– for generations to come.
Our updated action plan Best Software-
Best Best Brand enabled Excellent Extended
Governance Performance Equity Car Company Leadership Business
Brand and Functional
JV strategies strategies
Our belief Values and integrity
Credit Suisse Investment Conference, 30 & 31 March 2021 11Operating in a highly-challenging environment in Region China
Macro-economic situation Competition & sales costs
VW China business model Environment
Industry shifts Regulatory environment
Product portfolio & brand dilution Technology
Credit Suisse Investment Conference, 30 & 31 March 2021 12Thank you!
If any further questions, please contact us:
Ms. Lai WANG
Investor Relations
Volkswagen Group China
lai.wang@volkswagen.com.cn
Credit Suisse Investment Conference, 30 & 31 March 2021 13You can also read
