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Annual Report 2013.

Table of contents

  • Page 1
    Annual Report 2013.

  • Page 2
    ... of euros Revenue Western Europe thereof Germany NAFTA thereof United States Asia thereof China Other markets Employees (December 31) Investment in property, plant and equipment Research and development expenditure thereof capitalized Free cash ï¬,ow of the industrial business EBIT 2 Value added...

  • Page 3
    ... of euros Mercedes-Benz Cars EBIT 1 Revenue Return on sales (in %) 1 Investment in property, plant and equipment Research and development expenditure thereof capitalized Unit sales Employees (December 31) Daimler Trucks EBIT 1 Revenue Return on sales (in %) 1 Investment in property, plant and...

  • Page 4
    Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services

  • Page 5
    ... new markets and attract additional groups of customers. Our goal is to lead our industry in terms of unit sales, revenue and profitability - and to do so in all the businesses in which we are active. In this way, we want to create lasting added value - for our shareholders, customers and employees...

  • Page 6
    ... customer requirements. And in doing all of this, one thing is crucial: We don't want to grow at any price, but with sustainable profitability. That's why the efficiency programs in the divisions are an additional key element of our growth strategy. Find out more on pages 32 to 73 of this Annual...

  • Page 7
    ... Letter The Board of Management Report of the Supervisory Board The Supervisory Board Daimler and the Capital Market Objectives and Strategy D 150 156 161 164 167 The Divisions (pages 148 - 169) Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services E 172 175...

  • Page 8
    Important Events in 2013. The year 2013 was dominated by product offensives at all of our divisions. Our innovative vehicles, pioneering technologies and efficient production processes set new standards in automobile manufacturing and strengthened our position on international markets, thus laying ...

  • Page 9
    ... is also possible in cities and on highways and country roads. The first customized Mercedes-Benz Arocs rolls off the assembly line in Wörth. Daimler is the first automaker to offer a comprehensive portfolio of Euro VI-compliant vehicles in the heavy-duty class - six months before these emission...

  • Page 10
    ... place in the wagon/sedan category but is also voted the most beautiful car of any segment. A new research and development center in India. With its 1,200 employees, Mercedes-Benz Research and Development India (MBRDI) in Bangalore is Daimler's largest research and development center outside Germany...

  • Page 11
    ... Setra have the best commercial vehicles and brands. Mercedes-Benz and Setra are the winners in the readers' choice poll that "ETM-Verlag" organizes each year to determine the best commercial vehicles and brands. The two brands' products and services take first place in eight categories. Successful...

  • Page 12
    ... assistance systems, including three van firsts. Besides being the first van with engines that meet the Euro VI emissions standards, the new Sprinter boasts incredibly low fuel consumption. Mercedes-Benz Vans begins operations in Russia. In cooperation with GAZ, Russia's largest van manufacturer...

  • Page 13
    ... Steering Wheel." Mercedes-Benz opens a new engine plant in Beijing. The new plant is Daimler's first production facility for car engines outside Germany. The plant combines cutting-edge technologies with lean and sustainable production processes. The production line has a ï¬,exible design. It will...

  • Page 14
    ... share. At Mercedes-Benz Vans, we put our new ï¬,agship on the road last year - the Sprinter - and further strengthened our leading position in that segment. At Daimler Financial Services, we set a new record in 2013: For the first time, the number of all vehicles we currently financed or leased...

  • Page 15
    ...coming years. We have completed the family of Mercedes-Benz trucks with the new heavy-duty semitrailer tractors from Actros and Arocs. In India, we will present new BharatBenz models. And in the US market, a new Western Star truck will have its world premiere. Daimler Financial Services supports our...

  • Page 16
    .... Dieter Zetsche | 60, Chairman of the Board of Management, Head of Mercedes-Benz Cars Appointed until December 2016 Wolfgang Bernhard | 53, Daimler Trucks and Buses Appointed until February 2018 Christine Hohmann-Dennhardt | 63, Integrity and Legal Affairs Appointed until February 2017...

  • Page 17
    ... To Our Shareholders | The Board of Management We bring growth and efficiency together with new top products and optimized processes. Wilfried Porth | 55, Human Resources & Labor Relations Director, since January 29, 2014 Human Resources and Labor Relations Director & Mercedes-Benz Vans, appointed...

  • Page 18
    ... on the share-price development. Additional topics were securing the Group's long-term competitiveness, fundamental questions of corporate planning including financial, investment, unit-sales and personnel planning, development at companies of the Group, the revenue development, the situation...

  • Page 19
    A | To Our Shareholders | Report of the Supervisory Board Dr. Manfred Bischoff, Chairman of the Supervisory Board. The Board of Management informed the Supervisory Board with the use of monthly reports and risk reports about the most important indicators of business development and existing risks...

  • Page 20
    ...the brand positioning and the marketing and product strategy of Mercedes-Benz Cars. The Supervisory Board also discussed the results of the externally moderated efficiency review. It thus complied with both a recommendation of the German Corporate Governance Code and the corresponding requirement of...

  • Page 21
    ..."Daimler Trucks" was another main topic. The Board of Management and the Supervisory Board dealt in detail with the division's overall strategy and with the strategic focus and further growth opportunities in the markets of Asia, Europe and Latin America. In the meeting in December 2013, the members...

  • Page 22
    ...Management of Daimler AG and Head of MercedesBenz Cars for a further three years as of January 1, 2014. Also in this meeting, Prof. Dr. Thomas Weber was reappointed as Member of the Board of Management of Daimler AG with responsibility for the area of "Group Research & Mercedes-Benz Cars Development...

  • Page 23
    ...for the year 2013 were announced at the Annual Press Conference on February 6, 2014. In the meeting on February 18, 2014, the Supervisory Board dealt with the annual company financial statements, the annual consolidated financial statements and the combined management report for Daimler AG and the...

  • Page 24
    ... General Manager of the Networks Business Group of Nokia Corporation Other supervisory board memberships/directorships: F-Secure Corporation Fortum OYj - Chairwoman Deutsche Telekom AG AkzoNobel N.V. Dr. Clemens Börsig Frankfurt am Main Chairman of the Board of Directors of Deutsche Bank Foundation...

  • Page 25
    ... Shop, Sindelfingen Plant, Daimler AG; Chairman of the Management Representatives of the Sindelfingen Plant (since April 10, 2013) Retired from the Supervisory Board on April 10, 2013: Prof. Dr. Heinrich Flegel* Stuttgart Director Research Materials, Lightweight Design and Manufacturing, Daimler...

  • Page 26
    ... investor relations services. Daimler took advantage of the high level of liquidity on international capital markets to refinance its operations at attractive terms. A.01 Development of Daimler's share price and of major indices End of 2013 End of 2012 13/12 % change Daimler share price (in euros...

  • Page 27
    ... the new products at first hand. And on September 20, Daimler Trucks held a Capital Market Day in Wörth. At the event, the division informed analysts and investors about the latest developments in the truck business and our ongoing strategy. Under these conditions, the Daimler share price rose to...

  • Page 28
    ... and Stuttgart. In 2013, 1,029 million shares (2012: 1,421 million) were traded on stock exchanges in Germany. In addition, Daimler shares are increasingly being traded on multilateral trading platforms and in the over-the-counter market. Participation in the employee share purchase plan once...

  • Page 29
    ... additional information, go to https://register.daimler.com. w Another year of comprehensive investor relations activities. In 2013, we once again provided institutional investors, analysts, rating agencies and private investors with timely information regarding the company's business development...

  • Page 30
    ... in terms of our brand image, product range, unit sales and also profitability. The smart brand will further enhance its pioneering role in urban mobility. At Daimler Trucks, we want to further strengthen our position as the Number One company in the global truck business. Mercedes-Benz Vans aims...

  • Page 31
    ... product range of Mercedes-Benz Cars in all segments by the year 2020. The new S-Class, which was launched in all regions within only three months, is the spearhead not only of our MercedesBenz car program but also of automotive development as a whole. The S-Class is once again the leader in terms...

  • Page 32
    ...between the two independent companies Mitsubishi Fuso Truck and Bus Corporation and Daimler India Commercial Vehicles will generate synergies and additional growth in the Asia-Africa region. Mercedes-Benz Vans will support the planned worldwide growth with its new products and technologies. The new...

  • Page 33
    ... trucks in India. Daimler Buses has integrated all of its local business activities into Daimler India Commercial Vehicles and is now setting up local bus production operations. The extension of our international production network is being accompanied by the expansion of our international research...

  • Page 34
    ... of locally emission-free vehicles with battery-electric or fuel-cell drive is unique in the automotive industry. Our product range here includes everything from cars to vans, light trucks and buses. This means that we can currently cover nearly every mobility requirement. Moreover, the smart fortwo...

  • Page 35
    ... our manufacturing facilities in Germany, to expand local production in growth markets, and to enhance see page 96 our sales organization. A.11 Investment in property, plant and equipment 2014 - 2015 In % Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services...

  • Page 36
    ... Growth. New top products and optimized processes are sustainably bringing together growth and efficiency. Through a broad spectrum of activities, our employees are pursuing the same goal throughout the Group: thrilling our customers and making Daimler even more efficient and successful. On the...

  • Page 37
    ...and Fascinating Products. Growth through Global Presence. Innovation and Technology Leadership. Tailored Financial Services. Pioneering Mobility Concepts. Increased Efficiency at All Divisions. Motivated and High-performing Employees. First-class Customer Care. Integrity is the Basis for Our Success...

  • Page 38
    ... Operation - Profitable Growth. The brand-new Mercedes-Benz GLA gets people's hearts racing on both normal roads and rugged terrain. Younger, more efficient and more diverse than ever before. The broadest product portfolio in our history is an excellent foundation for enhancing customer loyalty...

  • Page 39
    ...'s best-selling luxury vehicle was launched in all key markets in record time last year and enthusiastically received by our customers. The new Mercedes-Benz E-Class - a successful volume model and the centerpiece of Daimler's growth strategy - also met with an outstanding customer response. On the...

  • Page 40
    B | Efficient Operation - Profitable Growth. The new Mercedes-Benz C-Class boasts a lightweight design concept, a touchpad and head-up display, an agile chassis and exemplary assistance systems adding up to perceived value that feels like an "upgrade to a higher class." 37

  • Page 41
    ... V-Class is the full-size MPV from Mercedes-Benz. The model makes a big impression with regard to value and quality, safety and efficiency at the highest levels - like all vehicles with the star. Lower picture: The Mercedes-Benz Arocs - the new force in construction - meets the varied demands of the...

  • Page 42
    ...world premiere and is helping Daimler extend its lead in the European truck market. The biggest product offensive in Daimler's history is strengthening our position as the world's number one commercial vehicle manufacturer. The Mercedes-Benz Sprinter is once again setting new standards - right from...

  • Page 43
    ... the expansion of its car production plant in Beijing. International automobile markets continue to offer enormous potential. We will play an even greater role in these markets in the future not only by expanding our local capacities for research, development and production, but also by optimizing...

  • Page 44
    ...our position as the most important truck and bus manufacturer in Latin America. "Our international production network and our global research and development activities play a key role in our growth strategy." w mercedes-benz.com.cn w mercedes-benz.com.br w daimler.com/company/daimler-worldwide 42

  • Page 45
    B | Efficient Operation - Profitable Growth. The expansion of commercial vehicle manufacturing to the Juiz de Fora plant has enabled Mercedes-Benz do Brasil to optimally meet the rising demand for commercial vehicles in Latin America. 43

  • Page 46
    ... in the emerging markets - and Daimler is there." B.01 Global automobile markets. Outstanding growth prospects for global automobile markets 105-115 78.8 75.5 68.6 66.0 82.4 85.3* 88-90 2008 2009 2010 2011 2012 2013 2014 2020 Market volume of cars and commercial vehicles in millions...

  • Page 47
    ...location outside Germany - and part of our global growth strategy: the newly opened Mercedes-Benz Research and Development Center India in Bangalore. Daimler has been building trucks, bus chassis, engines, transmissions and axles for Latin America in São Bernardo do Campo since the 1950s. In order...

  • Page 48
    ...cient Operation - Profitable Growth. Extra efficiency and comfort. The new aeroacoustic wind tunnel at the Mercedes-Benz development center in Sindelfingen allows us to aerodynamically fine-tune our vehicles, such as the new S-Class shown here. Our goal: emission-free and accident-free - but...

  • Page 49
    ... automaker to introduce this innovation in production vehicles. This once again underscores the way our technology leadership and expertise benefit our customers. w techcenter.mercedes-benz.com/en w mercedes-benz.com B.02 Car-to-X communication Real-time warnings ensure that drivers can quickly...

  • Page 50
    ... cities and on country roads with our Mercedes-Benz S 500 INTELLIGENT DRIVE research vehicle, which also includes technology that is close to the series-production stage. The S 500 Intelligent Drive was sent along the 103-kilometer route from Mannheim to Pforzheim that Bertha Benz traveled 125 years...

  • Page 51
    .... Upper picture: The Global Hybrid Center in Kawasaki, Japan, is where we develop forward-looking hybrid technologies for Daimler Trucks. Lower picture: The FUSO Canter Eco Hybrid is the first cost-effective production hybrid truck. About 2,000 of this model are on the road worldwide. 50

  • Page 52
    ... that create value for the company and its customers. The focal areas include exemplary drive systems that are continually making our trucks, vans and buses cleaner, more economical and more efficient. For example, Daimler was the first truck manufacturer to make its entire product range Euro VI...

  • Page 53
    ... the Mercedes-Benz websites. Making it easier for private and commercial customers to obtain a vehicle. Our attractive and new offers for financing, leasing, insurance, ï¬,eet management and banking are giving our vehicle business even more impetus. Tailored Financial Services. Boosting product...

  • Page 54
    ... program completes Daimler Financial Services' product portfolio, which ranges from traditional leasing contracts all the way to flexible mobility concepts such as car2go. of the Mercedes-Benz Bank, which was named one of the best employers in Germany's capital in 2013. Offering pioneering services...

  • Page 55
    ... new target groups' enthusiasm for the vehicle models. Lower picture: Mercedes-Benz Bank's Berlin service center is one of the best employers in the German capital. It provides an ideal environment for highly motivated employees, who ensure that more and more customers can fulfill their dream of...

  • Page 56
    ... worldwide. The white-and-blue city cars from the smart brand are now available for spur-ofthe-moment rentals also in Toronto. Intelligently mobility for people and cities. Our pioneering services supplement the existing automobile business and are attracting increasing numbers of new customers...

  • Page 57
    ...-brand bus chassis to help the city host the World Cup. In 2013, articulated and non-articulated buses from Mercedes-Benz were also put into operation on BRT routes in many other Latin American countries as well as in South Africa. w daimler-financialservices.com/dfs/mobility-services w car2go.com...

  • Page 58
    ... newcomer to market leader! car2go has been a success story for the past five years, and it's now the world's fastest-growing car-sharing company." B.03 Distribution of car2go 1,200 Electric drive vehicles Hamburg Berlin Düsseldorf Cologne 10,000 Total number of vehicles Germany Stuttgart Munich...

  • Page 59
    B | Efficient Operation - Profitable Growth. A successful tandem: The Mercedes plant in Kecskemét produces the new compact cars jointly with the competence center in Rastatt. Profitable growth - thanks to premium products and efficiency. Efficient packages of measures make processes at all ...

  • Page 60
    Increased Efficiency at All Divisions. "The new packages of measures are helping us to put our power on the road even more efficiently and to overtake the competitors." The new Mercedes-Benz S-Class sets benchmarks also in terms of manufacturing, thanks to numerous new processes. 62

  • Page 61
    ... of 2014 with the help of the following programs: "Fit for Leadership" at Mercedes-Benz Cars, "Daimler Trucks #1" at Daimler Trucks, "Performance Vans 2013" at Mercedes-Benz Vans and "GLOBE 2013" at Daimler Buses. In this way, we will put our growth strategy on a solid financial foundation - and we...

  • Page 62
    ... within the Mercedes-Benz Vans production network also in terms of expertise. Almost 275,000 employees around the world are committed to our success. They've got a multitude of talents, qualifications and ideas, and all of them are pursuing the same goal: putting our growth program into action...

  • Page 63
    ... For example, the car powertrain plant in Stuttgart is a Center of Competence and is responsible for part of the training program aimed at the new young employees at the Romanian production locations in Cugir and Sebes, the first Mercedes-Benz powertrain production plant outside Germany. In addition...

  • Page 64
    B | Efficient Operation - Profitable Growth. Upper picture: Our specialized employees ensure outstanding results at the new engine plant in Beijing. The Mercedes-Benz Qualification System sets the standards for their outstanding qualifications. Lower picture: Talented young employees receive fi...

  • Page 65
    ... Operation - Profitable Growth. The Mercedes-Benz Showroom in Tokyo has attracted more than one million visitors since it opened in 2011. Our vehicles fascinate and impress people all over the world. We are systematically refining our sales and service activities so that our car and commercial...

  • Page 66
    First-class Customer Care. Upper picture: In the recently opened Mercedes-Benz Store in Osaka, visitors can get to know the brand and its products up close. Lower picture: First-class advice and service are provided in the luxurious atmosphere of the S-Class Lounge. 70

  • Page 67
    ...A strong service partner for commercial vehicles. We are also focusing on our truck and van customers, offering them a comprehensive network of local services at more than 95 TruckWorks locations in Germany. In this way, we are making sure that servicing times are as short as possible and helping to...

  • Page 68
    Integrity is the Basis for Our Success. Integrity Dialog: Daimler employees around the world exchange their views on integrity. 72

  • Page 69
    ...growth strategies and efficiency programs are our drivers on the road to sustainable corporate success. Ethical behavior is an inseparable aspect of all of our activities. In other words, integrity forms the basis for our dealings with one another within the Group and the way we conduct our business...

  • Page 70
    i Combined Management Report. Cash ï¬,ows Value added EBIT Ratings Unit sales Revenue The year 2013 was very successful for Daimler overall. We significantly increased our unit sales and revenue, and continuously improved the profitability of our divisions as the year progressed. We thrilled...

  • Page 71
    ... markets Business development 117 Overall Assessment of the Economic Situation 118 Events after the End of the 2013 Financial Year 86 86 89 90 90 90 Profitability EBIT Statement of income Dividend Net operating profit Value added 119 119 122 123 125 Remuneration Report Principles of Board...

  • Page 72
    ... and Daimler Financial Services 12%. At the end of 2013, Daimler employed a total workforce of approximately 275,000 people worldwide. The products supplied by the Mercedes-Benz Cars division comprise a broad spectrum of premium vehicles of the MercedesBenz brand, ranging from the compact models of...

  • Page 73
    ... we mainly sell complete buses in Europe, our business in Latin America, Mexico, Africa and Asia is focused on the production and distribution of bus chassis. C.02 Daimler Group structure 2013 Mercedes-Benz Cars Revenue Employees Brands â,¬64.3 billion 96,895 Daimler Trucks Mercedes-Benz Vans...

  • Page 74
    ... engines since 2013. In addition, jointly produced medium- and heavyduty trucks of the Auman brand have been rolling off the assembly lines at Beijing Foton Daimler Automotive Co., Ltd. (BFDA) since mid-2012. Another important component of the partnership is Beijing Mercedes-Benz Sales Service...

  • Page 75
    ... is calculated as the difference between the operating result and the cost of capital of the average net assets. Alternatively, the value added of the industrial divisions can be determined by using the main value drivers: return on sales (quotient of EBIT and revenue) and net assets' productivity...

  • Page 76
    ... cost of capital, value is created for our shareholders. The profitability measure for Daimler Financial Services is not return on sales, but return on equity, in line with the usual practice in the banking business. Key performance indicators. Key financial indicators for measuring our operating...

  • Page 77
    ...beginning of the year. The euro closed the year with a gain of approximately 2% against the British pound, with rather less volatility. C.05 Economic growth Gross domestic product, growth rates in % 6 5 4 3 2 1 0 -1 Total Western Europe NAFTA Asia South America Eastern Europe 2012 2013 Source: IHS...

  • Page 78
    ...year. C.06 Global automotive markets Unit sales growth rates 2013/2012 in % 15 10 5 0 -5 -10 Total Western Europe NAFTA region1,2 Asia South America1,2 Eastern Europe Passenger cars Commercial vehicles 1 Cars segment includes light trucks 2 Medium- and heavy-duty trucks Source: German Association...

  • Page 79
    ... 150 ff cars (-7%). Daimler Trucks was able to slightly increase its unit sales in a market environment that differed greatly from region to region in 2013. In total, we shipped 484,200 heavy-, mediumand light-duty trucks as well as buses of the Thomas Built Buses and FUSO brands (2012: 462,000...

  • Page 80
    ... production in mid-2012 and sold 103,300 trucks of the Auman brand in 2013, which are not included see pages 156 ff in the Daimler Group's unit sales. E C.09 Market share1 2013 In % Mercedes-Benz Cars Western Europe thereof Germany United States China Japan Daimler Trucks Medium- and heavy-duty...

  • Page 81
    ...market success of our new vehicle models. As we had forecast in Annual Report 2012, the divisions Mercedes-Benz Cars (+4%), Mercedes-Benz Vans (+3%), Daimler Buses (+4%) and Daimler Financial Services (+7%) increased their business volumes, in some cases by significant margins. However, the revenue...

  • Page 82
    ... Trucks, particularly warranty costs and exchange rate effects led to a slight decrease in EBIT. Mercedes-Benz Vans and Daimler Buses achieved higher earnings than in the previous year. The EBIT posted by Daimler Financial Services was in the magnitude of the previous year. Lower expenses related...

  • Page 83
    ... sale of EADS shares +3,223 +913 -39 -155 -64 -116 - -174 -51 2012 C.15 Return on sales In % 12 9 6 3 0 -3 -6 -8 Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses 2010 2011 2012 2013 C.16 Return on equity In % 30 25 20 15 10 5 0 Daimler Financial Services 2010 2011 2012 2013 87

  • Page 84
    ... statement of income 2013 In millions of euros Revenue Cost of sales Gross profit Selling expenses General administrative expenses Research and non-capitalized development costs Other operating income Other operating expense Share of profit from investments accounted for using the equity...

  • Page 85
    ... Financial Services. Further information on the devel"Business development" opment of revenue is provided in the section of this Management Report.  C.17 E In 2013, our share of profit from investments accounted for using the equity method improved to â,¬3.3 billion (2012: â,¬1.2 billion...

  • Page 86
    ...ects on interest income/expense and amortization of capitalized borrowing costs. C.21 Value added 2013 In millions of euros Daimler Group Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services 5,921 2,007 369 445 -4 409 4,300 2,698 365 387 -360 530 2012 13/12...

  • Page 87
    ... warranty costs, exchange rate effects and expenses in connection with the optimization programs in Germany and Brazil. The value added of the Mercedes-Benz Vans division of â,¬0.4 billion was slightly higher than in 2012. Increased earnings were achieved due to higher unit sales, improved pricing...

  • Page 88
    ... any time. For this purpose, liquidity planning provides information about all cash ï¬,ows from operating and financial activities in a rolling plan. The resulting financial requirements are covered by the use of appropriate instruments for liquidity management (e.g. bank credit, commercial paper...

  • Page 89
    ...nancial services companies in risk countries. Additional information on the management of market-price risks, credit default and liquidity risks is provided in Note 32 of the Notes to the Consolidated Financial Statements. Cash used in investing activities  C.24 amounted to â,¬6.8 billion (2012...

  • Page 90
    ... cash ï¬,ow of the industrial business 2013 In millions of euros Net cash provided by operating activities Net cash used for investing activities Changes in marketable debt securities Other changes Free cash ï¬,ow of the industrial business 2012 13/12 Change 10,313 -6,767 1,548 -252 4,842 7,527...

  • Page 91
    ... an additional guarantee that the Group provided for obligations of Toll Collect GmbH to the Federal Republic of Germany. This guarantee is related to the completion and operation of the toll-collection system. A claim on this guarantee could primarily arise if for technical reasons toll revenue is...

  • Page 92
    ... Mercedes-Benz Cars in % of revenue Daimler Trucks in % of revenue Mercedes-Benz Vans in % of revenue Daimler Buses in % of revenue Daimler Financial Services in % of revenue 4,975 4.2 3,710 5.8 839 2.7 288 3.1 76 1.9 19 0.1 4,827 4.2 3,495 5.7 989 3.2 223 2.5 82 2.1 23 0.2 2012 13/12 % change...

  • Page 93
    ... banks participated in the consortium. The credit line was oversubscribed and has more favorable conditions than the previous â,¬7 billion facility. Daimler does not intend to utilize the credit line. At the end of 2013, Daimler had short- and long-term credit lines totaling â,¬35.4 billion (2012...

  • Page 94
    ... DBRS confirmed its long-term credit rating for Daimler AG and its related companies at A (low) with a stable outlook on October 21, 2013. The confirmation of the ratings is based on the Group's strong business profile as a highly established premium automotive manufacturer as well as the world...

  • Page 95
    ...'s total research and development expendisee page 106 ture (2012: 26.0%). C.34 Consolidated statement of financial position Dec. 31, 2013 In millions of euros Assets Intangible assets Property, plant and equipment Equipment on operating leases and receivables from financial services Investments...

  • Page 96
    ... of 2013. Trade receivables increased by â,¬0.3 billion to â,¬7.8 billion. The Mercedes-Benz Cars division accounts for 40% of the receivables and the Daimler Trucks division accounts for 38%. The increase primarily relates to Daimler Trucks and is connected with the sales revival in South America...

  • Page 97
    ...as provisions for product warranties (â,¬4.7 billion; 2012: â,¬5.1 billion), for personnel and social costs (â,¬3.2 billion; 2012: â,¬2.7 billion) and for income taxes (â,¬1.3 billion; 2012: â,¬1.7 billion). The decrease in provisions mainly relates to provisions for pensions and similar obligations...

  • Page 98
    ... in Stuttgart. Its principal business activities comprise the development, production and distribution of cars, vans and trucks in Germany and the management of the Daimler Group. The vehicles are produced at the domestic plants of Daimler AG as well as under contract-manufacturing agreements by...

  • Page 99
    ... invoicing factors. C.36 Condensed statement of income of Daimler AG 2013 In millions of euros Revenue Cost of sales (including R&D expenses) Selling expenses General administrative expenses Other operating income, net Operating profit Financial income Profit from ordinary activities Income tax...

  • Page 100
    ...AG Dec, 31, 2013 In millions of euros Assets Non-current assets Inventories Receivables, securities and other assets Cash and cash equivalents Current assets Prepaid expenses 44,748 6,682 28,869 4,718 40,269 259 85,276 Equity and liabilities Share capital (conditional capital â,¬590 million) Capital...

  • Page 101
    ...key factors behind our vehicles' market success. At the end of 2013, Daimler employed 21,300 men and women at its research and development units (2012: 21,100). A total of 13,600 employees (2012: 13,400) worked at Group Research & Mercedes-Benz Cars Development, 5,600 (2012: 5,600) at Daimler Trucks...

  • Page 102
    ...2009 2010 2011 2012 2013 total thereof capitalized C.39 Research and development expenditure by division 2013 In millions of euros Daimler Group thereof capitalized Mercedes-Benz Cars thereof capitalized Daimler Trucks thereof capitalized Mercedes-Benz Vans thereof capitalized Daimler Buses thereof...

  • Page 103
    ... at Mercedes-Benz Vans concentrated on the successor models of the Vito and the Viano. The Daimler Buses division primarily focused its development activities on new products, compliance with new emissions standards, and alternative drive systems.  C.38  C.39 During the year under review, new...

  • Page 104
    ...locally emission-free vehicles ranges from cars and vans to light trucks and buses, the models we offer in this area can meet almost any road mobility requirement. In June 2012, we began to produce the new smart fortwo electric drive5, which is now available in 14 markets worldwide, including China...

  • Page 105
    C | Combined Management Report | Sustainability Our "road to accident-free driving." Vehicle safety is one of our core areas of expertise and a key component of our product strategy. For over 60 years, our engineers have been ahead of their time in the development of new safety technologies. Our ...

  • Page 106
    ... eye on the effects of all our processes, ranging from vehicle development and production to recycling and environmentally friendly disposal. We increased our expenditure for environmental protection by 4% to â,¬2.9 billion in 2013. Further reduction of CO2 emissions from cars. MercedesBenz made...

  • Page 107
    ... latest exhaust technology in the bus sector. All Mercedes-Benz and Setra model series are now available with Euro VI technology. In 2013, we also set a new benchmark for fuel efficiency on the North American truck market with the launch of our new heavy-duty Freightliner Cascadia Evolution. Thanks...

  • Page 108
    ... the vehicle's weight by almost 100 kilograms compared with the previous model. Carbon dioxide as a future refrigerant. The debate about refrigerants for cars' air conditioning was at the focus of public interest for several months in 2013. The only currently available refrigerant that meets the...

  • Page 109
    ...274 South African sales employees who were previously assigned to Mercedes-Benz Cars are now listed within the sales organization. At the end of the reporting year, Daimler AG employed a total of 150,605 men and women (2012: 149,644). Workforce numbers increased in 2013 at Daimler Financial Services...

  • Page 110
    ...2012: 18.8 years). The comparative figure for Daimler AG was 19.5 years (2012: 19.1 years). Daimler employees outside Germany had worked for the Group for an average of 11.3 years (2012: 11.0 years). Diversity management activities. Diversity management is a strategic success factor for the company...

  • Page 111
    ...Report | Sustainability Social responsibility The main elements of our social involvement. Because we consider business success to be inseparable from social responsibility, we are working worldwide for the future of our society in line with our values and local needs. To promote social development...

  • Page 112
    ... use national role models such as Nelson Mandela to inspire young people to follow in 21icons.com their tracks. Corporate volunteering. Daimler Financial Services now organizes Days of Caring in more than 20 countries. In 2013, over 2,300 employees took part in the worldwide program to jointly help...

  • Page 113
    ... customers and developing additional markets. Mercedes-Benz Cars currently has the youngest and most attractive product portfolio of all time, which we upgraded in 2013 with the new E-Class, the new compact coupe CLA, and the new S-Class. Also with trucks, we have nearly completely renewed our range...

  • Page 114
    ... batteries and fuel cells is unique. It ranges from cars to vans and from light trucks to buses. And with commercial vehicles, we are the world's leading supplier of vehicles with hybrid drive. We effectively expanded our worldwide network of production sites and research facilities in 2013, placing...

  • Page 115
    ... End of the 2013 Financial Year | Remuneration Report Remuneration Report. The Remuneration Report summarizes the principles that are applied to determine the remuneration of the Board of Management of Daimler AG, and explains both the level and the structure of its members' remuneration. It also...

  • Page 116
    ... the applicable share price at that time. The share price relevant for the payout under this plan is also relevant for allocating the preliminary number of phantom shares for the plan newly issued in this year. Reference parameters for Plan 2013: - 50% relates to the Group's return on sales compared...

  • Page 117
    ..., did not completely meet the requirements of the new recommendation. Effective January 1, 2014, the members of the Board of Management approved the inclusion in their current contracts of service of limits in line with Clause 4.2.3 Paragraph 2 Sentence 6 of the Code. In the adjustment agreements...

  • Page 118
    ...46 Board of Management remuneration in 2013 Base salary Short and medium-term variable remuneration (annual bonus) Short-term Medium-term Long-term variable remuneration (PPSP) Number Value when granted (2013: at share price â,¬44.39) (2012: at share price â,¬48.23) Total In thousands of euros Dr...

  • Page 119
    ... Report Commitments upon termination of service Retirement provision. The pension agreements of some Board of Management members include a commitment to an annual retirement pension, calculated as a proportion of the former base salary and depending on the number of years of service. Those pension...

  • Page 120
    ..., service costs and present values for members of the Board of Management Annual pension (as regulated until 2005) as of age 60 In thousands of euros Dr. Dieter Zetsche Dr. Wolfgang Bernhard Wilfried Porth Andreas Renschler Hubertus Troska Bodo Uebber Prof. Dr. Thomas Weber 2013 2012 2013 2012 2013...

  • Page 121
    ... services, except for the remuneration paid to the members of the Supervisory Board representing the employees in accordance with their contracts of employment. The remuneration of all the activities of the members of the Supervisory Board of Daimler AG in the year 2013 was thus â,¬3.0 million (2012...

  • Page 122
    ... employee share program may not be disposed of until the end of the following year. Eligible participants in the Performance Phantom Share Plans are obliged by the Plans' terms and conditions and by the so-called Stock Ownership Guidelines to acquire Daimler shares with a part of their Plan income...

  • Page 123
    ... way than through the stock exchange, offering them to all shareholders, or serving the stock option plan created in or before 2004. The Company's own shares in a volume of up to 5% of the share capital existing at the time of the resolution of the Annual Shareholders' Meeting can also be acquired...

  • Page 124
    ... the right to acquire the shares of that party in the jointly held company at appropriate conditions at the time of the change of control. - An agreement relating to a joint venture with BAIC Motor Co., Ltd. for the production and distribution of cars of the Mercedes-Benz brand in China, by which...

  • Page 125
    ... to meet or surpass the planned targets as a result of events, developments or actions. The divisions have direct responsibility for recognizing and managing entrepreneurial risks and opportunities at an early stage. As part of the strategy process, risks related to the planned long-term development...

  • Page 126
    ... recognized and appropriately presented; - processes exist to guarantee the completeness of financial reporting; - processes exist for the segregation of duties and for the "four-eyes principle" in the context of preparing financial statements, and authorization and access rules exist for relevant...

  • Page 127
    ...Benz Cars, Daimler Trucks, Mercedes-Benz Vans and Daimler Buses. In addition, risks and opportunities that are not yet known about or assessed as not material can inï¬,uence our profitability, cash ï¬,ows and financial position. Industry and business risks and opportunities Opportunity management...

  • Page 128
    ...to be very important for Daimler across all divisions; for the Mercedes-Benz Cars, Mercedes-Benz Vans and Daimler Buses divisions, it is still the biggest sales market in fact. An opportunity that is difficult to assess is to be seen in a significantly improved economic development in the euro zone...

  • Page 129
    ... can be recognized and covered in time. This could require increases in production volumes. The Mercedes-Benz Cars division sees the possibility of a market opportunity for sales of additional vehicles in various model series. Opportunities exist also for MercedesBenz Vans on the basis of positive...

  • Page 130
    ... the leasing and sales financing business. In connection with the sale of vehicles, Daimler also offers its customers a wide range of financing possibilities - primarily leasing and financing the Group's products. In connection with the stated risks for the development of the used-vehicle market...

  • Page 131
    ...for CO2 emissions are also planned for light commercial vehicles; especially in the long term, this will present a challenge for the Mercedes-Benz Vans division, which primarily serves the heavy segment of N1 vehicles. The European ï¬,eet of N1 vehicles may not emit an average of more than 175 g CO2...

  • Page 132
    ... for those production plants as a precaution. The Mercedes-Benz Cars division may be able to utilize additional production opportunities by increasing its production capacities. For this purpose, shift models and the worldwide production networks would be used, investment plans implemented and...

  • Page 133
    ... the entire value chain. Information technology risks. Information technology plays a crucial role for the Daimler Group's business processes. Storing and exchanging data in a timely, complete and correct manner and being able to utilize fully functioning IT applications are of key importance for...

  • Page 134
    ...connection with equity interests in the segments Mercedes-Benz Cars and Daimler Trucks. The cases involved are subject to a continuous monitoring process so that a company can be quickly supported if required and its profitability can be protected. The development of production facilities and joint...

  • Page 135
    ...and health-care plans or could lead to changes in the periodic net pension expense in the following financial year. The market value of plan assets is determined to a large degree by developments in the capital markets. Unfavorable or favorable developments, especially relating to equity prices and...

  • Page 136
    ... instability in sales regions. In the case of natural disasters, emergency plans are developed to allow the resumption of business activities. In addition, further protective measures are taken and, if possible, insurance cover is obtained. Other smaller risks relate to project and process risks as...

  • Page 137
    ... leading products in the markets. As one of the fundamental principles of entrepreneurial activity, Daimler places particular priority on adherence to applicable law and ethical standards. In addition, a secure approach to sensitive data is a precondition for doing business with customers and...

  • Page 138
    ... generally based on the operational planning of Daimler AG as approved by the Board of Management and the Supervisory Board in December 2013. This planning is based on the premises we set regarding the economic situation and on the development of the automotive markets. It involves assessments made...

  • Page 139
    ... is anticipated for light-, mediumand heavy-duty trucks overall. The Brazilian market for mediumand heavy-duty trucks is likely to be just below the prior-year level, primarily due to the below-average development of investment activity and somewhat less favorable financing conditions. In Russia...

  • Page 140
    ... context of our new "Asia Business Model." In Japan, we will participate in the expected slight market growth. Mercedes-Benz Vans anticipates a significant increase in unit sales in 2014. With the Citan, we are now a full-range supplier and can thus utilize additional growth potential. With regard...

  • Page 141
    ... in 2012 and 2013. The new models of the year 2014 will additionally stimulate demand, for example the new C-Class and the new GLA compact SUV at Mercedes-Benz Cars. Furthermore, we are increasingly developing the growth markets of Asia, Eastern Europe and Latin America for our products - partially...

  • Page 142
    ...efficiency is an important area of research and development also at Mercedes-Benz Vans and Daimler Buses. Alternative drive systems also play an important role, in particular at Daimler Buses. Dividend At the Annual Shareholders' Meeting on April 9, 2014, the Board of Management and the Supervisory...

  • Page 143
    ... with its existing product portfolio, the all-new range of Mercedes-Benz trucks (Actros, Arocs, Antos, Atego, Unimog and Econic), the new Freightliner Cascadia Evolution and the FUSO models from Chennai in India, and our products in the areas of buses and vans are worldwide leaders amongst the...

  • Page 144
    ... Mercedes-Benz Cars Daimler Buses Daimler Trucks Daimler Financial Services Mercedes-Benz Vans Daimler's divisions generally performed well in a market environment that remained difficult. We renewed our product range while continuing to increase our efficiency. We were able to improve our market...

  • Page 145
    ... EBIT of â,¬1.6 billion (2012: â,¬1.7 billion) 161 - 163 Mercedes-Benz Vans - - - - Unit sales above prior-year level Successful implementation of measures to improve earnings Market launch of new Sprinter Activities in China strengthened by new research and development center - Production start of...

  • Page 146
    .... 2013 was another record year for Mercedes-Benz Cars. Unit sales, revenue and production reached all-time highs. As we anticipated at the beginning of 2013, EBIT displayed a clear upward trend as the year progressed. Our most important new model was the S-Class, a pioneer of automotive development...

  • Page 147
    ... in the second half of 2013, leading to a full-year increase of 15%. Among the various Mercedes-Benz model series, the new compact cars displayed an exceptionally dynamic development. During the year under review, a total of 383,700 customers opted to buy a vehicle from the A-, B- or CLA-Class...

  • Page 148
    ... as the successful performance brand from Mercedes-Benz. The AMG brand promise of "Driving Performance" has been a guarantee for the most sophisticated technology and pure driving fascination for more than 45 years now. The SLS AMG3 super sports car developed independently by Mercedes-AMG has...

  • Page 149
    ...significantly expanded the dealer network in 2013. The sales company Beijing Mercedes-Benz Sales Service Co., Ltd., a 51:49 joint venture with our partner BAIC, started work in March 2013. All marketing and sales activities for Mercedes-Benz cars from both local production and imports are now under...

  • Page 150
    ... In addition, the new S-Class was named "Car of the Year" in China by the editors in chief of the country's most important automotive journals. Best Customer Experience. Part of the "Mercedes-Benz 2020" growth strategy involves refocusing our global sales organization in line with changing customer...

  • Page 151
    ... conditions needed to achieve the targets of our "Mercedes-Benz 2020" growth strategy. Substantial investments in Germany underscore our commitment to the country as a key manufacturing location. Germany remains the heart of our global production network, in which our German plants serve as centers...

  • Page 152
    ... of the "Daimler Trucks #1" program, reached a milestone when production of FUSO models commenced in Chennai, India. D.03 Daimler Trucks 2013 Amounts in millions of euros EBIT Revenue Return on sales (in %) Investment in property, plant and equipment Research and development expenditure thereof...

  • Page 153
    ... the systematic exchange of successful business processes across all regions. Furthermore, the revenue generated by the remanufacturing of components is to be increased by 30% in the medium term by means of expanded regional product portfolios and by developing new markets. In our business in Asia...

  • Page 154
    ... purchase of Euro VI-compliant vehicles. During the reporting year, Daimler Trucks' sales in the region increased by 14% to 65,900 units. Our Mercedes-Benz brand extended its lead further, achieving a market share of 24.1% (2012: 22.9%). Almost half of the new Actros model series were already sold...

  • Page 155
    ..."Daimler Trucks #1" program which generates synergies between MFTBC and DICV along the entire value chain, and by expanding the model range to exploit additional sales opportunities in Asia and Africa. Our performance in the sales markets differed widely throughout Asia last year. In Japan, we sold...

  • Page 156
    ... light- and medium-duty delivery work. Euro VI technology is available also for Mercedes-Benz special trucks. Examples include the new Mercedes-Benz Unimog (in series production since August 2013) and the new MercedesBenz SLT heavy-duty tractor (sales launch in September 2013). Additional measures...

  • Page 157
    ... market for example, and additional potential was utilized for our entire product range in the ï¬,eet business and in Latin America. D.05 Mercedes-Benz Vans 2013 Amounts in millions of euros EBIT Revenue Return on sales (in %) Investment in property, plant and equipment Research and development...

  • Page 158
    ... sold 71,500 vans (2012: 71,000). In Eastern Europe, especially in Russia and Turkey, Mercedes-Benz Vans once again posted positive sales results. Sales in this region rose to 26,900 units, equivalent to growth of 12%. The Sprinter continued its success story also in North and South America in 2013...

  • Page 159
    ... Corporation," was officially opened in Fuzhou. This facility, which is the first research and development center of the Vans division outside Germany, includes a test track, test rigs, an exhaust gas lab and an endurance testing workshop. The focus is on the vehicles that Mercedes-Benz Vans...

  • Page 160
    ... markets and in new markets was supported by a new-customer offensive and a new system of market management. Measures taken in the after-sales business also contributed to growth. D.08 Unit sales by Daimler Buses 2013 2012 13/12 % change Total Western Europe thereof Germany Mexico Latin America...

  • Page 161
    ...Divisions | Daimler Buses Upper picture: Luxury and economy for a state-of-the art travel experience - the Setra TopClass 500 sets new standards in the premium class. Lower picture: The success of the Mercedes-Benz Tourismo is based on its clear focus as an extremely economical and safe coach. 165

  • Page 162
    .... In 2013, with a total of six premieres ranging from the Sprinter minibus to the super-high-decker, Daimler Buses completed its line-up of buses and coaches in Europe with vehicles featuring Euro VI-compliant exhaust-gas technology. The Mercedes-Benz Citaro, the most successful city bus of all time...

  • Page 163
    ... very high marks. Contract volume of more than three million vehicles. The business operations of Daimler Financial Services once again developed favorably in 2013. The company concluded nearly 1.2 million new financing and leasing contracts worldwide in the year under review, the total number of...

  • Page 164
    Upper picture: Employees of Mercedes-Benz Financial Services in Taiwan. Our customers enjoy first-class service around the globe. Lower picture: For the first time ever, Daimler Financial Services' contract volume passed the mark of three million vehicles in 2013. 168

  • Page 165
    ... the help of websites and apps that are clearly organized and easy to use, customers can access comprehensive information about the company's services and can find out the monthly installments for their chosen car. In many countries, existing customers can also use online portals to review their...

  • Page 166
    .... Annual Meeting Integrity Shareholders Supervisory Board Corporate governance Daimler's Board of Management and Supervisory Board are committed to the principles of good corporate governance. All of our activities are based on the principles of responsible, transparent and sustainable management.

  • Page 167
    ... Shareholders' Meeting - Shares held by the Board of Management and the Supervisory Board, directors' dealings - Risk management and financial reporting - Corporate governance statement 175 - 176 Integrity and Compliance - Continuation of worldwide integrity dialog - Executives as a role model...

  • Page 168
    ... Board of Management, for example the optimized due-diligence process for sales partners. Following an intensive review and discussion, the Audit Committee recommended that the Supervisory Board approve the annual financial statements and adopt the recommendation of the Board of Management to pay...

  • Page 169
    .... In the meetings during 2013 relating to the quarterly results, the Audit Committee discussed the interim financial reports before their publication with the Board of Management and with the company of auditors engaged to carry out the auditors' review of interim financial statements, dealt with...

  • Page 170
    ...the annual company financial statements and the annual consolidated financial statements according to IFRS of Daimler AG, each including the combined management report, and the drafts of the reports of the Supervisory Board and of the Audit Committee. The audit reports and important issues related...

  • Page 171
    ...In addition, integrity and compliance are important criteria in the annual target agreements and in assessing the target achievement of our managers. External perspective through the Advisory Board. The "Advisory Board for Integrity and Corporate Responsibility" that we established in September 2012...

  • Page 172
    ... laws and regulations in our day-to-day business. We continually review the effectiveness of the system and adjust it to worldwide developments, changed risks and new legal requirements. In this way, we continuously improve our efficiency and effectiveness. In 2013, we improved our processes...

  • Page 173
    ... members of the Board of Management consented to the inclusion of the upper limits recommended in Clause 4.2.3 Paragraph 2 sentence 6 of the Code in their current agreements. The modification agreements also contained provisions for upper limits for the annual bonuses for the financial years 2012...

  • Page 174
    ... the company as well as conduct toward customers and business partners. Fairness, responsibility and compliance with legislation are key principles in this context. The Integrity Code is based on a joint understanding of values, which was developed together with the Daimler employees. In addition to...

  • Page 175
    ... AG comprises 20 members. Half of them are elected by the shareholders at the Annual Meeting. The other half comprises members who are elected by the Company's employees who work in Germany. Information on the individual members of the Superdaimler.com/ visory Board is available on the Internet...

  • Page 176
    ...for the year 2013 is pages 14 ff of this Annual Report and on the available on daimler.com/dai/sbc. Internet at E w The Supervisory Board has given itself a set of rules of procedure, which regulate not only its duties and responsibilities and the personal requirements placed upon its members, but...

  • Page 177
    ...consents it has issued, and once a year submits to the Supervisory Board for its approval a complete list of the sideline activities of each member of the Board of Management. In addition, the Presidential Committee decides on questions of corporate governance, on which it also makes recommendations...

  • Page 178
    ..., shareholder associations, the media and the interested public about the situation of the Group, and inform them without delay about any significant changes in its business. In addition to other methods of communication, we also make intensive use of the Company's website. All of the important...

  • Page 179
    ...fication of them. Current information is available on our website at daimler.com/dai/dd/en. has regular contacts with the Board of Management to discuss not only the Group's strategy and business development, but also the issue of risk management. The Corporate Audit department monitors adherence...

  • Page 180
    ...Equitymethod Taxes Capital Interest The Consolidated Financial Statements presented as follows have been prepared in accordance with the International Financial Reporting Standards (IFRS). They also comply with additional requirements set forth in Section 315a (1) of the German Commercial Code (HGB...

  • Page 181
    ... of financial risks 33. Segment reporting 34. Capital management 35. Earnings per share 36. Related party relationships 37. Remuneration of the members of the Board of Management and the Supervisory Board 38. Principal accountant fees 39. Additional information 206 206 208 208 208 209 212...

  • Page 182
    ... Daimler Financial Services (unaudited additional information) 2013 2012 (adjusted)1 Note In millions of euros Revenue Cost of sales Gross profit Selling expenses General administrative expenses Research and non-capitalized development costs Other operating income Other operating expense Share of...

  • Page 183
    ... to shareholders of Daimler AG Total comprehensive income thereof income attributable to non-controlling interest thereof income attributable to shareholders of Daimler AG 1 For other information on comprehensive income/loss, see Note 20. 2 Information on adjustments to the prior-year figures...

  • Page 184
    ... millions of euros Assets Intangible assets Property, plant and equipment Equipment on operating leases Investments accounted for using the equity method Receivables from financial services Marketable debt securities Other financial assets Deferred tax assets Other assets Total non-current assets...

  • Page 185
    ... Financial Services (unaudited additional information) 2013 2012 (adjusted)2 2013 In millions of euros Profit before income taxes Depreciation and amortization Other non-cash expense and income Gains (-)/losses on disposals of assets Change in operating assets and liabilities Inventories Trade...

  • Page 186
    ... comprehensive income Total comprehensive income/loss Dividends Share-based payment Capital increase/Issue of new shares Acquisition of treasury shares Issue and disposal of treasury shares Changes in ownership interests in subsidiaries Other Balance at December 31, 2012 Balance at January 1, 2013...

  • Page 187
    ... comprehensive income Total comprehensive income/loss Dividends Share-based payment Capital increase/Issue of new shares Acquisition of treasury shares Issue and disposal of treasury shares Changes in ownership interests in subsidiaries Other Balance at December 31, 2012 Balance at January 1, 2013...

  • Page 188
    ...German Commercial Code (HGB) and comply with the International Financial Reporting Standards (IFRS) as adopted by the European Union (EU). Daimler AG is a stock corporation organized under the laws of the Federal Republic of Germany. The company is entered in the Commercial Register of the Stuttgart...

  • Page 189
    ...applies these changes in disclosures since January 1, 2013. F.06 Effects of the revised IAS 19 on the consolidated statement of financial position December 31, 2012 In millions of euros Investments accounted for using the equity method Other assets Total equity Provisions for pensions and similar...

  • Page 190
    ...-current items. The consolidated statement of income is presented using the cost-of-sales method. Commercial practices with respect to certain products manufactured by the Group necessitate that sales financing, including leasing alternatives, be made available to the Group's customers. Accordingly...

  • Page 191
    ... policies of the investee (associated companies) and entities over whose activities Daimler has joint control with a partner (joint ventures) are generally included in the consolidated financial statements using the equity method. Subsidiaries, associated companies and joint ventures whose business...

  • Page 192
    ... of income in the line item "Share of profit/loss from investments accounted for using the equity method, net". Income and expenses from the sale of investments accounted for using the equity method are shown in the same line item. Profits and losses from transactions with associated companies and...

  • Page 193
    ...a straightline basis over the lease term. Among the assets subject to operating leases are Group products which are purchased by Daimler Financial Services from independent third-party dealers and leased to customers. After revenue recognition from the sale of the vehicles to independent third-party...

  • Page 194
    ...payment. Earnings per share. Basic earnings per share are calculated by dividing profit attributable to shareholders of Daimler AG by the weighted average number of shares outstanding. Diluted earnings per share additionally reï¬,ect the potential dilution that would occur if all stock option plans...

  • Page 195
    ... Financial Services represents the cost of equity, the risk-adjusted interest rate for the cash-generating units of the industrial business is based on the weighted average cost of capital (WACC). These are calculated based on the capital asset pricing model (CAPM) taking into account current market...

  • Page 196
    ... their existing location and condition. Costs for large numbers of inventories that are interchangeable are allocated under the average cost formula. In the case of manufactured inventories and work in progress, cost also includes production overheads based on normal capacity. Financial instruments...

  • Page 197
    ... of the fair value of an unquoted equity instrument, such as an investment in a German limited liability company, this instrument is measured at cost (less any impairment losses). Interest earned on available-for-sale financial assets is generally reported as interest income using the effective...

  • Page 198
    ...at each subsequent reporting date. The fair value of listed derivatives is equal to their positive or negative market value. If a market value is not available, fair value is calculated using standard financial valuation models such as discounted cash ï¬,ow or option pricing models. Derivatives are...

  • Page 199
    ...and equity-settled equity awards. The fair value of equity awards is generally determined by using a modified Black-Scholes option pricing model at grant date and represents the total payment expense to be recognized during the service period with a corresponding increase in equity (paid-in capital...

  • Page 200
    ... conditions. Provisions for product warranties are generally recognized when vehicles are sold, upon lease inception, or when new warranty programs are initiated. Based on historical warranty claim experience, assumptions have to be made on the type and extent of future warranty claims and customer...

  • Page 201
    ... of changed market or economic conditions, the probabilities on which the inï¬,uencing factors are based, may differ from current developments. The financial effects of deviations of the main factors are calculated with the use of sensitivity analyses. See Note 22 for further information. Income...

  • Page 202
    ... expense of capitalized development costs in the amount of â,¬1,134 million (2012: â,¬982 million) is presented in expense of goods sold. F.14 Cost of sales 2013 In millions of euros Expense of goods sold Depreciation of equipment on operating leases Refinancing costs at Daimler Financial Services...

  • Page 203
    ...17 - -155 2012 F.17 Personnel expenses and number of employees 2013 In millions of euros and number of people employed Personnel expenses1 Average number of people employed Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services Sales and Marketing Other 97,003...

  • Page 204
    ... relating to current part-time early retirement contracts and subsidies for alternative drive systems. Other miscellaneous income includes reimbursements of non-income related taxes, income from the operation of employee canteens and other miscellaneous items. F.19 Other operating expense 2013...

  • Page 205
    ... -2,894 1,795 2012 F.25 Reconciliation of expected income tax expense to actual income tax 2013 In millions of euros Expected income tax expense Foreign tax rate differential Trade tax rate differential Tax law changes Change of valuation allowance on deferred tax assets Tax-free income and non...

  • Page 206
    ... relating to tax-free income and non-deductible expenses, for instance tax-free gains included in net periodic pension costs at the German companies and tax-free results of our equity-method investments. Moreover, in 2013 and 2012, the line item also includes tax-free gains realized on the sale...

  • Page 207
    ...benefit pension plans Other changes1 Deferred tax assets, net as of December 31 1 Primarily effects from currency translation. 2,465 -614 2,402 -1,099 2012 -6 . -338 -287 -372 -198 937 1,537 -88 2,465 F.29 Tax expense in equity 2013 In millions of euros Income tax expense Income tax expense...

  • Page 208
    ... of Mercedes-Benz Cars with indefinite useful lifes. The Group plans to continue to use these assets unchanged. F.30 Intangible assets Development costs (internally generated) Goodwill (acquired) In millions of euros Acquisition or manufacturing costs Balance at January 1, 2012 Additions due...

  • Page 209
    ... of borrowing costs was an average cost of debt of 0.9% (2012: 1.5%). F.31 Amortization expense for intangible assets in the consolidated statement of income 2013 In millions of euros Cost of sales Selling expenses General administrative expenses Research and non-capitalized development costs 1,319...

  • Page 210
    ... on operating leases In millions of euros Acquisition or manufacturing costs Balance at January 1, 2012 Additions due to business combinations Other additions Reclassifications Disposals Other changes1 Balance at December 31, 2012 Additions due to business combinations Other additions Reclassi...

  • Page 211
    ...nancial statements. F.35 Key figures for investments accounted for using the equity method EADS In millions of euros December 31, 2013 Equity interest (in %) Market value (based on listed share prices)1 Equity investment2 Equity result (2013)2 December 31, 2012 Equity interest (in %) Market value...

  • Page 212
    ... at the higher current stock-market price of EADS shares. Overall, this resulted in income of â,¬3,356 million, which was recognized in Group EBIT in 2013. Of that amount, â,¬1,669 million is allocable to Daimler shareholders and â,¬1,687 million is allocable to the Dedalus investors. The income of...

  • Page 213
    ... the Daimler Trucks segment. Others. The equity results of the other investments mainly result from startup losses at several companies in the area of alternative drive systems (2013: â,¬205 million; 2012: â,¬89 million) which are allocated to the Mercedes-Benz Cars segment. In 2013, impairments of...

  • Page 214
    ... financial services. Types of receivables. Retail receivables include loans and finance leases to end users of the Group's products who purchased their vehicle either from a dealer or directly from Daimler. Wholesale receivables represent loans for ï¬,oor financing programs for vehicles sold by...

  • Page 215
    ... million in 2013. There was no significant impact on the consolidated statement of income. Furthermore, Daimler Financial Services sold in February 2014 additional non-automotive assets that were subject to leveraged lease contracts with a net book value of US$32 million for a purchase price of US...

  • Page 216
    ... 31, 2013 Current Non-current Total In millions of euros Available-for-sale financial assets thereof equity instruments recognized at fair value through profit or loss thereof equity instruments carried at cost Derivative financial instruments used in hedge accounting Financial assets recognized...

  • Page 217
    ...606 At December 31, 2013 Non-current Total Current At December 31, 2012 Non-current Total F.43 Inventories At December 31, 2012 2013 In millions of euros Raw materials and manufacturing supplies Work in progress Finished goods, parts and products held for resale Advance payments to suppliers 2,011...

  • Page 218
    ...and types of risk is provided in Note 32. 20. Equity See also the consolidated statement of changes in equity  F.05. The share capital is divided into no-par value shares. All shares are fully paid up. Each share confers the right to one vote at the Annual Shareholders' Meeting of Daimler AG and...

  • Page 219
    ... Financial Statements | Notes to the Consolidated Financial Statements Employee share purchase plan. In 2013, 0.5 million Daimler shares representing â,¬1.5 million or 0.05% of the share capital were purchased for a price of â,¬24 million and reissued to employees (2012: 0.5 million Daimler shares...

  • Page 220
    ... distributable profit reported in the annual financial statements of Daimler AG (parent company only) in accordance with the German Commercial Code (HGB). For the year ended December 31, 2013, the Daimler management will propose to the shareholders at the Annual Meeting to pay out â,¬2,407 million...

  • Page 221
    ... 2013. Moreover, 50% of the annual bonus of the members of the Board of Management will be paid out after a waiting period of one year. The actual payout is determined by the development of Daimler shares compared to an automobile related index (Auto-STOXX). The fair value of this medium-term annual...

  • Page 222
    ...to 2.5 times the allotment value, used for the preliminary number of phantom shares. F.50 Effects of share-based payment Remuneration expense 2012 Provision at December 31, 2012 2013 In millions of euros PPSP SOP Medium-term component of annual bonus of the members of the Board of Management -250...

  • Page 223
    ... year-end quoted price of Daimler ordinary shares and the estimated target achievement. Stock Option Plans. In April 2000, Shareholders' Meeting approved the Daimler Stock Option Plan (SOP), which grants stock options for the purchase of Daimler ordinary shares to eligible employees. Options granted...

  • Page 224
    ...stock options issued to the current members of the Board of Management Dr. Dieter Zetsche Number of stock options in millions Balance at beginning of year Exercised Disposals/Forfeited Outstanding at year-end Exercisable at year-end Weighted maturity 0.1 -0.1 - - - 2013 Average exercise price euros...

  • Page 225
    ...related to each employee's age. The conversion factors include a fixed value increase. The pension plans were newly structured for new entrants in 2011. New entrants now benefit from value increases of the contributions through a fund investment in a special lifecycle model. The company guarantees...

  • Page 226
    ... Present value of defined pension benefit obligations and fair value of plan assets 2013 Non-German plans 2012 Non-German plans Total In millions of euros Present value of the defined benefit obligation at January 1 Current service cost Interest cost Contributions by plan participants Actuarial...

  • Page 227
    ... determined annually by the respective committee. F.57 Composition of plan assets 2013 Non-German plans 2012 Non-German plans Total In millions of euros Energy, commodities and utilities Financials Healthcare Industrials Consumer goods Information technology and telecommunication Others Equities...

  • Page 228
    ... expectancy, by means of fixed (non-age-dependent) factors, a life expectancy one year higher or one year lower was achieved for a reference person. F.58 Pension cost 2013 Non-German plans 2012 Non-German plans Total In millions of euros Current service cost Past service cost, curtailments and...

  • Page 229
    ...2014, Daimler currently expects to make cash contributions of â,¬0.6 billion to its pension plans; the final amount is usually set in the fourth quarter of a financial year. In addition, the Group expects to make pension benefit payments of â,¬0.8 billion in 2014. The weighted average duration of...

  • Page 230
    ... also pays contributions to governmental pension schemes. In 2013, the total cost from payments made under defined contribution plans amounted to â,¬1.3 billion (2012: â,¬1.4 billion). These payments are primarily related to governmental pension plans. Multi-employer plans. Daimler participates...

  • Page 231
    ... Financial Statements 23. Provisions for other risks The development of provisions for other risks is summarized in table  F.64. Product warranties. Daimler issues various types of product warranties, under which it generally guarantees the performance of products delivered and services...

  • Page 232
    ... in table  F.66. F.65 Financing liabilities At December 31, 2013 Non-current Total At December 31, 2012 Non-current Total Current In millions of euros Notes/bonds Commercial paper Liabilities to financial institutions Deposits in the direct banking business Liabilities from ABS transactions...

  • Page 233
    ...Non-current Total At December 31, 2012 Non-current Total Current In millions of euros Deferral of revenue from multi-year service and maintenance agreements Deferral of sales revenue received from sales with residual-value guarantees Deferral of advance rental payments received from operating lease...

  • Page 234
    ... from the sale of vehicles with residual value guarantees and service and maintenance agreements. Table  F.71 shows cash ï¬,ows included in cash provided by/used for operating activities. The line item "Other non-cash expense and income" within the reconciliation of profit before income taxes to...

  • Page 235
    F | Consolidated Financial Statements | Notes to the Consolidated Financial Statements In mid-January 2011, the European Commission carried out antitrust investigations of European commercial vehicle manufacturers, including Daimler AG. Daimler is taking the Commission's initial suspicion very ...

  • Page 236
    ... a contract with the Federal Republic of Germany (operating agreement) a system for the electronic collection of tolls for all commercial vehicles over 12 tons GVW using German highways. Daimler Financial Services AG and Deutsche Telekom AG each hold a 45% equity interest and Cofiroute holds the...

  • Page 237
    ...Financial Services AG) has provided guarantees supporting the obligations of Toll Collect GmbH towards the Federal Republic of Germany relating to the completion and operation of the toll collection system, which are subject to specific triggering events. In addition, Daimler AG has guaranteed bank...

  • Page 238
    .... It is assumed that the fair values approximate the carrying amounts. F.74 Future minimum lease payments under long-term rental and lease agreements At December 31, 2012 2013 In millions of euros Maturity within one year between one and five years later than five years 376 1,032 572 1,980 360...

  • Page 239
    ... cash ï¬,ows. Market interest rates for the appropriate terms are used for discounting. F.75 Carrying amounts and fair values of financial instruments At December 31, 2013 Carrying amount Fair value In millions of euros Financial assets Receivables from financial services Trade receivables Cash...

  • Page 240
    ...of Daimler's option to sell the shares it holds in RRPSH to Rolls-Royce (see also Note 13). F.76 Disclosure for recognized financial instruments that are subject to an enforceable master netting arrangement or similar agreement At December 31, 2013 Gross and net amounts of financial instruments in...

  • Page 241
    ...December 31, 2013 Level 22 Level 33 Level 11 At December 31, 2012 Level 22 Level 33 Total In millions of euros Assets measured at fair value Financial assets available for sale thereof equity instruments thereof marketable debt securities Financial assets recognized at fair value through profit or...

  • Page 242
    ...assets and liabilities not measured at fair value Level 11 At December 31, 2013 Level 22 Level 33 Total In millions of euros Financial assets measured at cost Receivables from financial services Financial liabilities measured at cost Financing liabilities thereof bonds thereof liabilities from ABS...

  • Page 243
    ... measurement categories At December 31, 2012 2013 In millions of euros Assets Receivables from financial services1 Trade receivables Other receivables and assets Loans and receivables Marketable debt securities Other financial assets Available-for-sale financial assets Financial assets recognized...

  • Page 244
    ... (see Note 20 for further information). F.87 Reclassifications of pre-tax gains/losses from equity to the statement of income 2013 In millions of euros Revenue Cost of sales Interest income Interest expense 286 -36 - -2 248 -824 -16 2 . -838 2012 Net profit for 2013 includes net losses (before...

  • Page 245
    ...-item "Finance market risk." F.88 Nominal values of derivative financial instruments At December 31, 2013 At December 31, 2012 Maturity Maturity ≤ 1 year > 1 year Nominal values Nominal values In millions of euros Hedging of currency risks from receivables/liabilities Forward exchange contracts...

  • Page 246
    ... risks arise from procurement. An equity price risk results from investments in listed companies (including Nissan, Renault, Kamaz and Tesla). In addition, the Group is exposed to credit risks from its leasing and financing activities and from its operating business (trade receivables). With regard...

  • Page 247
    ...Daimler Financial Services mitigates the credit risk from financing and lease activities, for example through advance payments from customers. Scoring systems are applied for the assessment of the default risk of retail and small business customers. Corporate customers are evaluated using internal...

  • Page 248
    ... worldwide sales activities of vehicles and spare parts. The credit risk from trade receivables encompasses the default risk of customers, e.g. dealers and general distribution companies, as well as other corporate and private customers. Daimler manages its credit risk from trade receivables using...

  • Page 249
    ... good access to the money and capital markets. Bank credit lines are also used to cover financing requirements. In addition, customer deposits at Mercedes-Benz Bank have been used as a further source of refinancing. The funds raised are used to finance the working capital and capital expenditure...

  • Page 250
    ... MercedesBenz Cars segment, which generates a major portion of its revenue in foreign currencies and incurs manufacturing costs primarily in euros. The Daimler Trucks segment is also subject to transaction risk, but to a lesser extent because of its global production network. The Mercedes-Benz Vans...

  • Page 251
    ...transactions principally offset each other, these financial instruments are not included in the value at risk calculation presented. F.91 Value at risk for exchange rate risk, interest rate risk and commodity price risk 2013 Average 2012 Average Period-end In millions of euros Exchange rate risk...

  • Page 252
    ... the Corporate Controlling department manages the interest rate risk relating to Daimler's leasing and financing activities by setting targets for the interest rate risk position. The Treasury Risk Management department and the local Daimler Financial Services companies are jointly responsible for...

  • Page 253
    ... Mercedes-Benz Cars, Daimler Trucks, MercedesBenz Vans, Daimler Buses and Daimler Financial Services. The segments are largely organized and managed separately according to nature of products and services provided, brands, distribution channels and profile of customers. The vehicle segments develop...

  • Page 254
    F.92 Segment information MercedesBenz Cars In millions of euros 2013 External revenue Intersegment revenue Total revenue Segment profit (EBIT) thereof share of profit/loss from investments accounted for using the equity method thereof expenses from compounding of provisions and changes in discount...

  • Page 255
    ... of capitalized borrowing costs is not considered in internal performance measure "EBIT", but is included in cost of sales. 4 Industrial business F.94 Revenue and non-current assets by region 2013 2012 Revenue by region 2013 2012 Non-current assets by region In millions of euros Western Europe...

  • Page 256
    ... the operational requirements. F.95 Average net assets 2013 In millions of euros Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services1 Net assets of the segments Investments accounted for using the equity method2 Assets and liabilities from income taxes3...

  • Page 257
    ... Group is in the process to perform an allocation of the purchase price on the identifiable assets and liabilities. F.97 Transactions with associated companies and joint ventures Sales of goods and services and other income 2013 In millions of euros Associated companies Joint ventures thereof BBAC...

  • Page 258
    ... of the Mercedes-Benz and Setra brands in Russia. As part of their strategic partnership, Daimler and Russian truck manufacturer Kamaz signed licensing agreements on Axor and Atego cab production and also a contract covering the supply of engines and axles for the Russian company's trucks and buses...

  • Page 259
    ... forfeited under the Performance Phantom Share Plans (PPSP). In addition, the measurement at their intrinsic values of the stock options granted in 2004 is included. In 2013, the active members of the Board of Management were granted 251,359 (2012: 242,332) phantom shares in connection with the PPSP...

  • Page 260
    ... Additional information German Corporate Governance Code. The Board of Management and the Supervisory Board of Daimler AG have issued a declaration pursuant to Section 161 of the German Stock Corporation Act and have made it permanent available to their daimler.com/ shareholders on Daimler's website...

  • Page 261
    ... America Ltd. Daimler Buses North Carolina LLC Daimler Canada Finance Inc. Daimler Canada Investments Company Daimler Capital Services LLC Daimler Colombia S. A. Daimler Export and Trade Finance GmbH Daimler Finance North America LLC Daimler Financial Services AG Daimler Financial Services India...

  • Page 262
    ... de C.V. Daimler Middle East & Levant FZE Daimler Mobility Services GmbH Daimler Motors Investments LLC Daimler Nederland B.V. Daimler North America Corporation Daimler North America Finance Corporation Daimler Northeast Asia Parts Trading and Services Co., Ltd. Daimler Re Brokers GmbH Daimler Re...

  • Page 263
    ... Lease Trust 2013-B Mercedes-Benz Auto Receivables Trust 2011-1 Mercedes-Benz Auto Receivables Trust 2012-1 Mercedes-Benz Auto Receivables Trust 2013-1 Mercedes-Benz Bank AG Mercedes-Benz Bank Polska S.A. Mercedes-Benz Bank Rus OOO Mercedes-Benz Bank Service Center GmbH Mercedes-Benz Banking Service...

  • Page 264
    ...AG Mercedes-Benz Financial Services Singapore Ltd. Mercedes-Benz Financial Services Slovakia s.r.o. Mercedes-Benz Financial Services South Africa (Pty) Ltd. Mercedes-Benz Financial Services Taiwan Ltd. Mercedes-Benz Financial Services UK Limited Mercedes-Benz Financial Services USA LLC Mercedes-Benz...

  • Page 265
    ... Mercedes-Benz Research & Development North America, Inc. Mercedes-Benz Retail Group UK Limited Mercedes-Benz Risk Solutions South Africa (Pty.) Ltd. Mercedes-Benz Roma S.p.A. Mercedes-Benz Romania S.R.L. Mercedes-Benz Russia SAO Mercedes-Benz Schweiz AG Mercedes-Benz Service Leasing SRL Mercedes...

  • Page 266
    ... Mercedes-Benz Indonesia P.T. Star Engines Indonesia Renting del Pacifico S.A.C. Sandown Motor Holdings (Pty) Ltd SelecTrucks of America LLC SelecTrucks of Toronto, Inc. Setra of North America, Inc. Silver Arrow S.A. smart France S.A.S. smart Vertriebs gmbh Starexport Trading S.A. Sterling Truck...

  • Page 267
    ... GmbH Mercedes-Benz Gebrauchtteile Center MB Relationship Marketing S.r.l. Mercedes-Benz Adm. Consorcios Ltda. Mercedes-Benz Capital Services NV Mercedes-Benz Egypt S.A.E. Mercedes-Benz G GmbH Mercedes-Benz GastroService GmbH Mercedes-Benz Hungária Kft. Mercedes-Benz Manufacturing South Africa (Pty...

  • Page 268
    ... Mercedes-Benz Sales Service Co., Ltd. car2go Hamburg GmbH carpooling.com GmbH COBUS Industries GmbH Egyptian-German Automotive Co. (EGA) S.A.E. European Center for Information and Communication Technologies - EICT GmbH EvoBus Hungária Kereskedelmi Kft. Stuttgart, Germany Mauá, Brazil Stuttgart...

  • Page 269
    ... Stock Corporation Act (AktG) 02 Qualification for Section 264 Subsection 3 and Section 264b of the German Commercial Code (HGB) 03 As the impact of these companies is not material for the consolidated financial statements, they are not consolidated and not accounted for using the equity method...

  • Page 270
    Further Information. Ten Year Summary Index Glossary Independent Auditors' Report

  • Page 271
    ... | Contents G | Further Information. 276 277 278 280 281 282 284 Responsibility Statement Independent Auditors' Report Ten Year Summary Glossary Index List of Charts and Tables International Representative Offices Internet | Information | Addresses Daimler Worldwide Financial Calendar 2014 275

  • Page 272
    ... combined with the management report for DAG, includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal opportunities and risks associated with the expected development of the Group. Stuttgart, February 18...

  • Page 273
    ... combined with the management report of the company for the financial year from January 1 to December 31, 2013. The executive board of Daimler AG is responsible for the preparation of this combined management report in compliance with the applicable requirements of German commercial law pursuant to...

  • Page 274
    ... 2007 2008 2009 2010 2011 2012 2013 From the statements of financial position Property, plant and equipment Leased equipment Other non-current assets 3 Inventories Liquid assets Other current assets Total assets 3 Shareholders' equity 3 thereof share capital Equity ratio Group (%) 3 Equity ratio...

  • Page 275
    G | Further Information | Ten Year Summary 2004 Amounts in millions of euros From the statements of cash ï¬,ows2 Investments in property, plant and equipment Depreciation and amortization Cash provided by (used for) operating activities investing activities financing activities Free cash ï¬,ow of ...

  • Page 276
    ...a company. The structure of corporate governance at Daimler AG is determined by Germany's Stock Corporation Act (AktG), Codetermination Act (MitbestG) and capital-market legislation. Cost of capital. The cost of capital is the product of the average amount of capital employed and the cost-of-capital...

  • Page 277
    ...and revenue. Value added. Value added indicates the extent to which operating profit exceeds the cost of capital. When value added is positive, return on net assets is higher than the cost of capital. see pages 90 f E Value at risk. This measures the potential future loss (related to market value...

  • Page 278
    ... Worldwide Front cover Front cover Front cover Rear cover Economic Conditions and Business Development C.05 C.06 C.07 C.08 C.09 C.10 C.11 Economic growth Global automotive markets Unit sales structure of Mercedes-Benz Cars Unit sales structure of Daimler Trucks Market share Consolidated revenue...

  • Page 279
    ... Trading Act (WpHG)) in the year 2013 179 183 Remuneration Report Consolidated Financial Statements C.46 Board of Management remuneration in 2013 C.47 Non-cash benefits and other fringe benefits C.48 Individual entitlements, service costs and present values for members of the Board of Management...

  • Page 280
    ...39 23 5400 Fax +33 1 39 23 5442 Germany, Berlin Tel. +49 30 2594 1111 Fax +...6000 Fax +49 711 17 790 88271 India, Pune Tel. +91 2135 673 ... 2246 8811 Fax +603 2246 8812 Mexico, Mexico City Tel. +52 55 4155 2880 Fax +52 55...1 2492 94900 Fax +42 1 2492 94904 South Africa, Pretoria Tel. +27 12 677 1502 Fax...

  • Page 281
    ...| Information | Addresses. Information on the Internet. Special information on our shares and earnings development can be found in the daimler.com "Investor Relations" section of our website. It includes the Group's annual and interim reports and the company financial statements of Daimler AG. You...

  • Page 282
    Daimler Worldwide. Mercedes-Benz Cars Europe Production locations Sales outlets Revenue (in millions of euros) Employees 11 - 27,879 90,535 Daimler Mercedes-Benz Trucks Vans Daimler Buses Sales Organization Automotive Businesses Daimler Financial Services 7 - 10,390 32,515 3 - 7,188 13,172 7...

  • Page 283
    ... 23, 2014 As we cannot rule out changes of dates, we recommend checking them on the Internet daimler.com/ir/calendar. at w The paper used for this Annual Report was produced from cellulose sourced from certified forestry companies that operate responsibly and comply with the regulations of the...

  • Page 284
    Daimler AG Mercedesstr. 137 70327 Stuttgart, Germany www.daimler.com www.daimler.mobi