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Interim Report January –March 2005 Leif Östling President and CEO

Interim Report January –March 2005 Leif Östling President and CEO. Key figures First quarter 2005. Order bookings 15,441 vehicles -1% Deliveries 13,256 vehicles +7% Revenue SEK 13,873 m. +6% Operating margin 12.1% (11.2%) Net income SEK 1,155 m. +19%

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Interim Report January –March 2005 Leif Östling President and CEO

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  1. Interim ReportJanuary –March 2005Leif ÖstlingPresident and CEO

  2. Key figures First quarter 2005 • Order bookings 15,441 vehicles -1% • Deliveries 13,256 vehicles +7% • Revenue SEK 13,873 m. +6% • Operating margin 12.1% (11.2%) • Net income SEK 1,155 m. +19% • Earnings per share SEK 5.78 (4.87)

  3. Total order bookings Trucks and bus chassis Units 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2005 2001 2002 2003 2004

  4. Market developmentsEurope - trucks Western Europe Central and eastern Europe • Continued good developments in the Nordic countries • Weaker development in Germany, the Netherlands and Great Britain • Current year an off year for western European growth • Increased deliveries • Decreased order bookings especially in Poland • Continued exports of used vehicles to central and eastern Europe

  5. Market developments Other markets - trucks Africa, Asia and Oceania Latin America • Increased order bookings • Continued strong market • Lower order bookings, mainly in Turkey and South Korea

  6. Buses and coaches • Increased demand • Good growth in Brazil, Sweden and Great Britain • Order bookings rose by 48% • Deliveries increased by 20%

  7. RegistrationsHeavy trucks, western Europe Registrations 300,000 250,000 200,000 150,000 100,000 50,000 0 1974 1979 1984 1989 1994 1999 2004

  8. Interim ReportJanuary – March 2005Jan GuranderGroup Vice President and CFO

  9. Key figuresFirst quarter 2005 • Deliveries 13,256 vehicles +7% • Revenue SEK 13,873 m. +6% • Operating income SEK 1,679 m. +15% • Operating margin 12.1% (11.2%) • Net income SEK 1,155 m. +19% • Return on equity 21.4% (17.9%) • Return on capital employed 29.0% (23.1%)

  10. Scania in brief First quarter 2005 Deliveries by market Revenue by product area Used vehiclesetc. 12% South America 16% Africa, Asia and Oceania 14% Service-related products 21% Engines 1% Central and easternEurope 10% Buses 8% Trucks 58% Western Europe 60%

  11. Revenue by marketJanuary-March

  12. Operating incomeScania Group SEK m. Operating margin, % 2,500 16 14 2,000 12 10 1,500 8 1,000 6 4 500 2 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2005 2001 2002 2003 2004 Note: Excluding divested car operations

  13. Operating incomeVehicles and Service SEK 1,553 m. SEK 1,362 m. • New truck range • Higher volume • Service business • Increased material cost • R&D expenditures Q1 2004 Q1 2005

  14. Operating incomeCustomer Finance SEK 126 m. SEK 103 m. • Interest margin • Lower credit losses • Operating expenses Q1 2004 Q1 2005

  15. SEK m. 30,000 25,000 20,000 15,000 10,000 5,000 0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 Q1 2005 Size of portfolioCustomer Finance

  16. Cash flowVehicles and Service SEK m. 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2005 2001 2002 2003 2004 Note: Excluding acquisitions/divestmentsand Customer Finance

  17. Net debtVehicles and Service SEK m. 10,000 8,000 6,000 4,000 2,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2005 2001 2002 2003 2004 Note: Excluding Customer Finance

  18. Conclusions • Demand for heavy trucks subdued in western Europe • Increased demand for buses and coaches • Service business and Customer Finance - continued good development • Continued replacement need over the next few years • Changeover in Europe completed • Scania completed its offer on Ainax

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