Mercedes-Benz Group 2023 Results Press Conference (February 2024)

▪ Cash generation: Strong Free Cash Flow of the Industrial Business up 39% at €11.3 billion (2022: €8.1 billion) and Net Industrial Liquidity up 19% at €31.7 billion (2022: €26.6 billion)

▪ Full year performance: Group revenue increased by 2% to €153.2 billion (2022: €150.0 billion) and Group EBIT amounted to €19.7 billion (2022: €20.5 billion)

▪ Profitability: Mercedes-Benz Cars adjusted Return on Sales (RoS) reaches 12.6% (2022: 14.6%), 15.1% for Mercedes-Benz Vans (2022: 11.2%), and an adjusted Return on Equity (RoE) of 12.3% for Mercedes-Benz Mobility (2022: 16.8%)

▪ Sales 2023: Mercedes-Benz Cars and Vans sales increased 1.5% to 2,491,800 vehicles; BEV sales rose +61% to 240,700 units (2022: 149,200); eVans sales +51% to 22,700 units (2022: 15,000)

▪ Dividend: Dividend of €5.30 per share proposed (2022: €5.20)

▪ Share buyback: Shares worth up to €3 billion to be repurchased, new buyback policy introduced

▪ Outlook 2024: Group Revenue expected at prior-year level, Group EBIT seen slightly below 2023 level, Free Cash Flow of the Industrial Business expected slightly below prior-year level, Mercedes-Benz Cars adjusted RoS seen in the range of 10% - 12%, Mercedes-Benz Vans adjusted RoS seen at 12% - 14% and Mercedes-Benz Mobility adjusted RoE at 10% - 12%

Видео Mercedes-Benz Group 2023 Results Press Conference (February 2024) канала The Wheel Network