1 Financial Report July – September 2019
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1
Financial Report July – September 2019
Q3 Report – 2019
2
Q3 2019: Business cycle management yielding results
Key business developments in the third quarter of 2019
Comments from Mikael Bratt, President & CEO
Full Year 2019 indications Financial highlights Q3 2019
Q3 Report – 2019
3
Outlook 2019
Full Year Indication Full Year Indication
Conference call and webcast
Q3 Report – 2019
4
Key Performance Trends
Sales Development by region Capex and D&A
Adj. operating income and margin* Operating Cash Flow*
Return on Capital Employed Cash Conversion*
Key definitions ----------------------------------------------------------------------------------------------------------------------------
0
2
4
6
8
10
FY'16 FY'17 FY'18 LTM Q3'19
USD
B
Americas Europe China Japan Rest of Asia
0%
1%
2%
3%
4%
5%
6%
7%
150
200
250
300
350
400
450
500
FY'16 FY'17 FY'18 LTM Q3'19
Of
sale
s
USD
M
Capex, net Capex, net % of sales D&A % of sales
0%
2%
4%
6%
8%
10%
12%
0
200
400
600
800
1,000
1,200
FY'16 FY'17 FY'18 LTM Q3'19
Of
sale
s
USD
M
Adj. operating income Adj. operating margin
500
550
600
650
700
750
800
850
900
FY'16 FY'17 FY'18 LTM Q3'19
USD
M
Operating Cash Flow
0%
5%
10%
15%
20%
25%
FY'16¤ FY'17¤ FY'18 LTM Q3'19
Return on Capital Employed¤ Incl. Electronics
0%
20%
40%
60%
80%
100%
FY'16 FY'17 FY'18 LTM Q3'19
Cash Conversion
Q3 Report – 2019
5
Consolidated sales development
Third quarter 2019
First nine months 2019
Third quarter 2019 development
Sales by product- Airbags Sales by product - Seatbelts
Sales by region
Q3 Report – 2019
6
Q3 Organic growth* Americas Europe China Japan Rest of Asia Global
Autoliv 4.8% (6.7)% 11.2% (1.1)% (2.9)% 1.2%
Main growth drivers Honda, GM,
Nissan, BMW,
Tesla
VW, Renault Honda, VW,
GM
Mazda,
Honda, Subaru
Mitsubishi,
Renault, Nissan
Honda,
VW, GM
Main decline drivers Daimler,
Hyundai/Kia
Daimler, JLR,
BMW, Toyota
Geely, Ford,
PSA
Mitsubishi,
Toyota, Inflators
Hyundai/Kia, Isuzu,
Tata, Toyota
Daimler,
Hyundai/ Kia, Toyota
Light vehicle production development
Americas Europe China Japan Rest of Asia Global
Third quarter 2019
First nine months 2019
Q3 Report – 2019
7
Key launches in the third quarter 2019
Subaru Legacy Land Rover Defender BMW 1-Series
Peugeot 208 Chevrolet Trailblazer Cadillac CT5
Ford Puma BYD Song Pro Subaru Outback
Driver and/or Passenger airbags Seatbelts Side airbags Knee airbag
Head/Inflatable Curtain airbags Pyrotechnical Safety Switch Pedestrian Airbag Steering Wheel
Q3 Report – 2019
8
Financial development Selected income statement items
Third quarter 2019 development
Q3 Report – 2019
9
Q3 Report – 2019
10
Selected Balance Sheet and Cash Flow items
Third quarter 2019 development
Q3 Report – 2019
11
Headcount
Q3 Report – 2019
12
Key Ratios
Q3 Report – 2019
13
Other Items•
•
•
•
Dividends
Next Report
Inquiries: Investors and Analysts
Inquiries: Media
Footnotes
Definitions and SEC Filings
Q3 Report – 2019
14
“Safe Harbor Statement”
.
Q3 Report – 2019
15
Consolidated Statements of Net Income
Q3 Report – 2019
16
Consolidated Balance Sheets
Q3 Report – 2019
17
Consolidated Statements of Cash Flow
Q3 Report – 2019
18
RECONCILIATION OF U.S. GAAP TO NON-U.S. GAAP MEASURES
Components in Sales Increase/Decrease
Operating Working Capital
Q3 Report – 2019
19
Net Debt
Q3 Report – 2019
20
Leverage ratio
Q3 Report – 2019
21
Free Cash Flow, Net Cash Before Financing and Cash Conversion
Q3 Report – 2019
22
Items Affecting Comparability
Q3 Report – 2019
23
Q3 Report – 2019
24
Q3 Report – 2019
25
Multi-year Summary
Q3 Report – 2019
26
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