Thyssenkrupp Ag · XETR:TKA
Thyssenkrupp — ThyssenKrupp Elevator — Investor Presentation (November 2003)
54 slides from Thyssenkrupp's investor presentation, Nov 10, 2003
Slide 1: ThyssenKrupp Elevator Press Briefing
ThyssenKrupp Elevator Press Briefing Introducing Our Segment Gary Elliott Düsseldorf, November 10, 2003 ThyssenKrupp Elevator
Slide 2: ThyssenKrupp Group Structure
ThyssenKrupp Group Structure Holding Company ThyssenKrupp AG Segments Steel Automotive Elevator Tech- Services nologies Other Group Business Real Estate Steel Capital Goods Services ThyssenKrupp Elevator
Slide 3: ThyssenKrupp Sales by Segment 2001/2002
ThyssenKrupp Sales by Segment 2001/2002 (total €36.7 bn) Steel 30% Automotive 16% Elevator 9% Materials 23% Serv 6% Real Estate 1% Technologies 15% ThyssenKrupp Elevator
Slide 4: ThyssenKrupp Earnings by Segment (EBT) 2001/2002
ThyssenKrupp Earnings by Segment (EBT) 2001/2002 (total €762 million) Steel 167 Automotive 64 Elevator 317 Technologies 112 Materials 72 Serv 52 Real Estate 80 Corporate/ Consolidation -102 in million €, before taxes and minority interest ThyssenKrupp Elevator
Slide 5: ThyssenKrupp Elevator Sales Trend
ThyssenKrupp Elevator Sales Trend (billion €) 3.5 1.9 0.250 1980 1984 1985 1987 1993 1998 1999 2001 2002 Reported sales Sales w/o synergies ThyssenKrupp Elevator
Slide 6: Highlights (past years)
ThyssenKrupp Elevator Highlights (past 5 years) 3,615 Order intake in million € Sales in million € 3,500 1,519 1,390 1997/98 1998/99 1999/2000 2000/01 2001/02 1997/98 1998/99 1999/2000 2000/01 2001/02 317 EBT in million € Employees as at 28,768 09/30 15,674 85 1997/98 1998/99 1999/2000 2000/01 2001/
Slide 7: Highlights 2001/2002
ThyssenKrupp Elevator Highlights Highlights 2001/2002 Elevator Segment Order intake €3.6 bn Sales €3.5 bn EBITDA €418 m Earnings* €317 m Germany/Austria/Switzerland Employees (09/30) 29,000 France/BeNeLux * before taxes and minority interest Spain/Portugal/Latin America North America/Australia Other
Slide 8: Products
Products By Share of Sales Elevators Escalators/Moving Walks • Traction elevators • Escalators and moving walks 75% for all applications • Hydraulic elevators 20% • Suspended escalators • Freight elevators (London Underwriting Centre) • Escalators with plastic steps 2% Accessibility Passenger Boardi
Slide 9: Complete Product Range from a Single Source
Products Complete Product Range from a Single Source Example Düsseldorf Airport ThyssenKrupp Elevator
Slide 10: Products: Accessibility
Products •Home Lifts Accessibility – For home use – For the well-off – Lifestyle enhancement •Chair Lifts – For private use – For elderly non-disabled persons – Maintain independence •Platform Lifts – For public access areas and larger buildings – For the disabled – For access to buildings and publi
Slide 11: Service Highlights
Service Highlights 700,000 service contracts worldwide 10,000 service vehicles 12,000 service employees Increased trend to full-service contracts Remote monitoring of elevators by teleservice Use of e-commerce increases customer satisfaction Permanent service teams on site (e.g. Munich Airport) 50%
Slide 12: Service Growth Potential
Service Growth Potential Long-term Growing relationship service portfolio Service Modernization Service New equipment Maintenance/repairs Expansion of Growth drivers: Reputation service portfolio and image ) New equipment ) Modernization ) Acquisitions ThyssenKrupp Elevator
Slide 13: Organizational Structure
ThyssenKrupp Elevator Organizational Structure Executive Board ThyssenKrupp Elevator AG Dr. Werner Ende Gary Elliott (Chairman) Dr. Joachim Panek Personnel Coordination Technology Controlling Executive Committee ThyssenKrupp Elevator Segment : José-Luis Alvarez Margaride, John Brant, Peter Gendelmey
Slide 14: Sales Structure by Business Unit 2001/2002
ThyssenKrupp Elevator Sales Structure by Business Unit 2001/2002 (total €3.5 bn) Germany/ Austria/Switzerland 15% France/Benelux 11% Spain/Portugal/ Latin America 14% North America/Australia 46% Other Countries 9% Passenger Boarding Bridges 2% Accessibility 3% ThyssenKrupp Elevator
Slide 15: Elevators Are Found In Almost All Buildings
Elevators Are Found In Almost All Buildings… City Hall, London Stadium, Australia Tower Residence, USA BT Tower, London New York, New York Hotel, and many more, including hospitals, shopping Las Vegas centers, train stations, exhibition centers, office complexes, private homes… Munich Airport Thysse
Slide 16: Main Production Sites
ThyssenKrupp Elevator Main Production Sites In addition, we have more than 800 branches and bases in over 60 countries North and Latin America Europe Asia/Middle East Elevators Escalators Passenger Accessibility Boarding Bridges ThyssenKrupp Elevator
Slide 17: World Market: Market Shares
World Market New Installations and Service Market Shares Others 10% Fujitec 2% Toshiba 4% Hitachi 7% Kone 9% Mitsubishi 10% ThyssenKrupp 13% Schindler 18% Otis 27% 2002 Volume: €29 bn ThyssenKrupp Elevator
Slide 18: World Market: Product Structure
World Market Product Structure in % Modernization 10 Maintenance / Repairs 55 35 New Installations 2002 Volume: €29 bn ThyssenKrupp Elevator
Slide 19: World Market: Installed Units
World Market Estimated Number of Installed Units in 2002 North America Europe Asia Elevators 740,000 Elevators 3,280,000 Elevators 1,196,000 Escalators 35,000 Escalators 42,000 Escalators 117,000 Latin America Middle East Elevators 406,000 Elevators 220,000 Escalators 6,000 Escalators 6,000 Total ap
Slide 20: World Market: New Installations
World Market Estimated Number of New Installations in 2002 North America Europe TKE 10,000 Otis 29,100 Otis 7,500 Schindler 20,700 Schindler 5,300 Kone 13,200 Asia Kone 2,800 TKE 12,200 Otis 29,800 Others Total 4,600 Others 18,800 Mitsubishi 20,400 31,100 Total 94,000 Hitachi 15,300 Toshiba 7,700 Sc
Slide 21: New Installations Market Shares: Germany/Austria/Switzerland
New Installations Market Shares Total Market and Premium Market (%) BU Germany/Austria/Switzerland TKE 10% Total Market 22,465 installations TKE 21% Premium Market Definition z Speed higher than 1.6 m/s Premium Market z Average price higher than €75,000 1,704 installations ThyssenKrupp Elevator
Slide 22: New Installations Market Shares: France/Benelux
New Installations Market Shares Total Market and Premium Market (%) BU France/Benelux TKE 11% Total Market 14,968 installations TKE Premium Market Definition 10% z Speed higher than 1.0 m/s and capacity higher than 630 kg Premium Market z Particularly in high-value buildings, e.g. hotels, hospitals,
Slide 23: New Installations Market Shares: Spain/Portugal
New Installations Market Shares Total Market and Premium Market (%) Spain/Portugal TKE 27% Total Market Premium Market Definition 25,830 installations z Speed higher than 1.6 m/s z Elevators with 1.0 m/s, weight TKE 1,600 kg for public transit 43% facilities and hospitals z Panorama elevators with s
Slide 24: New Installations Market Shares: South America
New Installations Market Shares Total Market and Premium Market (%) South America TKE 22% Total Market 12,380 installations Premium Market Definition z Speed higher than 1.5 m/s and TKE min. 10 stops 42% z Elevators in high-value buildings, e.g. 5-star hotels, luxury Premium Market apartments and of
Slide 25: New Installations Market Shares: North America
New Installations Market Shares Total Market and Premium Market (%) BU North America TKE 35% Total Market US$1.6 bn Premium Market Definition z High-speed elevators TKE z Fast door open and close times 50% z High acceleration (reduces travel time from floor to floor) Premium Market z Customized equi
Slide 26: South Korea: An Interesting Market for Elevators
South Korea An Interesting Market for Elevators Number of installed units: approx. 220,000 New installations in 2003: approx. 19,000 ThyssenKrupp Elevator
Slide 27: ThyssenKrupp Dongyang Elevator Profile
ThyssenKrupp Dongyang Elevator Chonan plant with the world’s Profile highest test tower • Number 2 with a market share of 25% in new installations • Offers the whole range of elevator and escalator products • Established leader in the market for high-performance elevators with 40% market share (base
Slide 28: ThyssenKrupp Dongyang Elevator Chronology
ThyssenKrupp Dongyang Elevator Chronology • Late January 2003 Beginning of study of Information Memorandum • February 13, 2003 Submission of a provisional bid • March/April 2003 Due diligence in Korea • May/June 2003 Final negotiations • July 18, 2003 Contract signing • July 19, 2003 First press rel
Slide 29: Showcase Project: Commerzbank Head Office, Frankfurt
Showcase Project Commerzbank Head Office, Frankfurt Europe’s tallest office building Height: over 300 m incl. top structures 30 ThyssenKrupp elevators Longest travel distance: 200 m Speed: max. 6 m/s ThyssenKrupp Elevator
Slide 30: Showcase Project: DaimlerChrysler, Berlin
Showcase Project DaimlerChrysler, Potsdamer Platz, Berlin Europe’s fastest elevator Building height: 105 m Travel distance: 90.1 m Speed: 8.5 m/s 24 floors, 2 stops Travel time: 20 seconds ThyssenKrupp Elevator
Slide 31: Showcase Project: AOL Time Warner Center
Showcase Project USA (new installation) AOL Time Warner Center • 73 units in total • 56 elevators Speed up to 7m/s and 56 floors • 18 escalators • 3 disabled elevators ThyssenKrupp Elevator
Slide 32: Showcase Project: Dallas/Fort Worth Airport
Showcase Project USA (new installation) Dallas/Fort Worth Airport 92 elevators 59 escalators 36 moving walks ThyssenKrupp Elevator
Slide 33: Showcase Project: Empire State Building
Showcase Project USA (service) Empire State Building, New York 68 Otis gearless elevators 1 Otis mast elevator 1 Otis hydraulic elevator 8 escalators ThyssenKrupp Elevator
Slide 34: Showcase Project: Rockwell Building, Chicago
Showcase Project USA (modernization) Rockwell Building Chicago, Illinois Equipment: 7 Otis geared elevators 2 Otis hydraulic elevators Description: New controls, machines, pumps, cabs and brackets ThyssenKrupp Elevator
Slide 35: Showcase Project: Dongguan, China
Showcase Project China (new installation) Dongguan Prosperity Plaza and Lianhu Plaza (Dongguan, Guangdong Province) 83 elevators (including 2 panorama elevators) 17 escalators ThyssenKrupp Elevator
Slide 36: Showcase Project: Ostankino TV Tower, Moscow
Showcase Project Russia (new installation) Ostankino TV Tower, Moscow 1967/68 Installation of 4 high-speed elevators (7m/s) and 3 standard elevators 1988 Modernization 2000 Fire in TV tower 2002 Contract to install initially 2 high-speed elevators (7m/s) ThyssenKrupp Elevator
Slide 37: Showcase Project: Dreischeibenhaus, Düsseldorf
Showcase Project Germany (new installation/modernization) Dreischeibenhaus, Düsseldorf Headquarters of ThyssenKrupp AG and ThyssenKrupp Elevator AG 8 elevators (2 shafts with TWIN) Completion end of 2003 ThyssenKrupp Elevator
Slide 38: Showcase Project: Canary Wharf, London
Showcase Project UK (new installation) Canary Wharf (London) 14 elevators (passenger, fire service and freight elevators) ThyssenKrupp Elevator
Slide 39: Awards
Awards Elevator World (Project of the Year) 1999 2000 2001 2002 ThyssenKrupp Elevator
Slide 40: Showcase Project: Madrid-Barajas Airport
Showcase Project Madrid-Barajas Airport Contract value: ThyssenKrupp : €45.8 million - 141 elevators - 76 escalators Otis : €3.6 million - 31 elevators Schindler : €3.6 million - 28 elevators A: New terminal B: Satellite terminal C: Parking ThyssenKrupp Elevator
Slide 41: Showcase Project: Madrid-Barajas Boarding Bridges
Showcase Project Madrid-Barajas Airport 81 passenger boarding bridges including high-quality special equipment Contract value: €47 million Total contract value: over €90 million A: New terminal B: Satellite C: Parking ThyssenKrupp Elevator
Slide 42: R&D Project: TRIaD ISIS
R&D Project TRIaD ISIS • New medium-rise concept Ö Low capacity, medium speed • Innovative ideas • Combined European control unit / cab station / position transducer • Kevlar cables ThyssenKrupp Elevator
Slide 43: R&D Project: ISIS
R&D Project Door suspension/cab roof ISIS Traveling gear unit Shaft head Hall effect buttons ThyssenKrupp Elevator
Slide 44: R&D Project: Accelerating Moving Walk
R&D Project Accelerating moving walk (prototype in Mieres, Spain) Acceleration zone High-speed zone Deceleration zone •Speed: 0.65 - 2 m/s •Speed: 2 m/s •Speed.: 2 – 0.65 m/s •Length: 12 m •Length: 56 m •Length: 12 m Total length: 80 m ThyssenKrupp Elevator
Slide 45: R&D Project: TWIN
R&D Projekt TWIN Multiple use of elevator shafts Goal: Better use of building space • Functioning reference unit at Stuttgart University • Completion of two TWIN units at the Dreischeibenhaus in Düsseldorf by the end of December (headquarters of ThyssenKrupp AG and ThyssenKrupp Elevator AG) ThyssenK
Slide 46: The Goals of Our Segment
ThyssenKrupp Elevator The Goals of Our Segment We offer only the highest quality products and services We must exceed our customers’ wishes and expectations We must grow through expansion and through acquisitions We must be highly profitable ThyssenKrupp Elevator
Slide 47: Situation Today
ThyssenKrupp Elevator Situation Today Number 3 in the world (by sales) Catch-up demand in Asia (e.g. Dongyang) High level of service-based sales (approx. 50%) with about 700,000 service contracts worldwide High share of the premium market ThyssenKrupp Elevator
Slide 48: Strategic Goals
ThyssenKrupp Elevator Strategic Goals Number 2 in the world Break the €5 billion sales barrier in 2006 Expand market position by: - opening up new markets through acquisitions - developing and introducing innovative products (e.g. TWIN) - positioning as a “full-line supplier” (all products from one
Slide 49: The New Website of ThyssenKrupp Elevator AG
The New Website of ThyssenKrupp Elevator AG • The segment • Press activities • Products and locations • Annual report • Jobs & Career • Publications for downloading • Links to all companies in the segment 3rd place in ThyssenKrupp Communications Award 2003 www.thyssenkrupp-elevator.com ThyssenKrupp
Slide 50: Thank You for Your Attention!
Thank You for Your Attention! High Profit Development/Production Cabs Machines Control units Installation/Service High Quality Palm Pilot Service Center High Tech e-monitoring National Tech Service Center ThyssenKrupp Elevator
Slide 51: Back Up
Back Up ThyssenKrupp Elevator
Slide 52: ThyssenKrupp Elevator History
ThyssenKrupp Elevator History from 1876 to the present 1876 Establishment of the company R. Stahl in Stuttgart 1879 Establishment of the company Zaiser in Stuttgart 1891 Production of the first mechanical elevator by Maschinenfabrik R. Stahl, Stuttgart 1906 Installation of Germany’s first escalator
Slide 53: ThyssenKrupp Elevator History (continued)
ThyssenKrupp Elevator history from 1876 to the present 1984 Acquisition of M.A.N. elevator business and renaming THYSSEN -M.A.N. AUFZÜGE GM Major acquisitions 1984 Boetticher Elevadores in Spain 1985 Aufzüge und Service in Switzerland 1986 Northern Elevator in Canada and Ascensores Cenia in Spain 19
Slide 54: Press contacts
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