Knorr-bremse Ag · XETR:KBX
Knorr-bremse — Investor Day (November 2021)
82 slides from Knorr-bremse's investor day presentation, Nov 29, 2021
Slide 1: Shaping the Future of Sustainable Transportation
Shaping the Future of Sustainable Transportation Capital Markets Day (November 29, 2021) Knorr-Bremse AG
Slide 2: Agenda
Agenda Time (CET) Presentation Speaker 2:00pm Welcome and Introduction Andreas Spitzauer, Head of Investor Relations ~2:05pm Shaping the Future of Sustainable Transportation Dr. Jan Mrosik, CEO ~2:35pm Financial Strategy Frank Weber, CFO ~3:00pm Q&A Session I Executive Board ~3:30pm Rail Vehicle Sys
Slide 3: Disclaimer
Disclaimer IMPORTANT NOTICE This presentation has been prepared for information and background purposes only. It does not constitute or form part of, and should not be construed as, an offer of, a solicitation of an offer to buy, or an invitation to subscribe for, underwrite or otherwise acquire, an
Slide 4: Shaping the Future of Sustainable Transportation
Shaping the Future of Sustainable Transportation Dr. Jan Mrosik, CEO of Knorr-Bremse AG
Slide 5: Key takeaways
Key takeaways KB is in excellent shape – We outperform even in challenging times KB capitalizes on favorable megatrends KB Sustainability is core of KB’s markets, products and continues organization its successful KB continues profitable growth path through strategy technology leadership KB drives o
Slide 6: Reflections after the first 11 months
Reflections after the first 11 months Capital Markets Day – 11/2021 6
Slide 7: Global market & innovation leader in systems for rail & truck
Global market & innovation leader in systems for rail & truck Market Market outperformance Innovation edge leadership A global market leader Track record of above industry Shaping industry trends by ~50% market share1 in RVS brakes growth: 10% historic revenue focusing on safety and mission CAGR2 cr
Slide 8: Global market & innovation leader in systems for rail & truck
Global market & innovation leader in systems for rail & truck Market Market outperformance Innovation edge leadership A global market leader Track record of above industry Shaping industry trends by ~50% market share1 in RVS brakes growth: 10% historic revenue focusing on safety and mission CAGR2 cr
Slide 9: KB has maintained and expanded its market leading positions
KB has maintained and expanded its market leading positions Market positions Global brakes market shares1 Market positions Global brakes market shares3 key product groups1 key product groups3 ~3.3x #1 ~50% #1 Brake systems & Brake systems vehicle dynamics4 ~1.5x #1 #1 Energy supply & Entrance system
Slide 10: KB is an indispensable part of sustainable & safe transportation
KB is an indispensable part of sustainable & safe transportation RVS CVS CO2 Emission (g/km) per passenger (long distance)1 % of new EV Heavy Duty Commercial Vehicles worldwide2 214 ~98 143 ~22 29 ~14 <1 2020 2025 2030 2050 Enabling CO2 neutral transportation Promoting efficiency and TCO3 improv
Slide 11: Innovation is the basis of KB's technology leadership and long-term success
Innovation is the basis of KB’s technology leadership and long-term success True Scale: ~3,800 R&D employees Pioneering innovations (examples) Thereof 740 software engineers 5 global R&D centers (3 co-located) RVS CVS Digital automatic Electric power coupler for freight Agile R&D methods implemented
Slide 12: KB's successful path continues
KB’s successful path continues 2005 – 2009 2010 – 2014 2015 – 2019 2020 – 2025 Time of investment Accelerated growth & Continued growth, Outperforming markets margin expansion safeguarding returns & resilience Mastering external Revenue challenges CAGR ~0.2%1 ~8.8%1 ~4.5%2 Focusing on profitability
Slide 13: KB's successful path is driven by four megatrends
KB’s successful path is driven by four megatrends Urbanization Sustainability Automation Key influencing factors Megatrends Digitalization Mobility Logistics Societal changes and global trends fundamentally transform the economic environment Capital Markets Day – 11/2021 13
Slide 14: Positive trends will drive market growth and overcompensate headwinds
Positive trends will drive market growth and overcompensate headwinds Long-term growth supported by megatrends and governmental Content per vehicle growth through regulation and new initiatives technology Shift to higher technology standards in emerging markets Aftermarket as continuous growth drive
Slide 15: Moving forward – KB's strategic priorities
Moving forward – 1 Systematically develop base portfolio KB’s strategic priorities 2 Focus on attractive segments for future outperformance in rail and truck 3 Drive innovation & digitalization 4 Clear M&A strategy 5 Operational excellence 6 ESG and sustainability 7 Strong financial performance Capi
Slide 16: KB will continue to grow its core business further
1 KB will continue to grow its core business further … Established and strong foundation Leading market position Safety & Above market growth mission-critical rates vehicle systems Resilient profitability Today Time Capital Markets Day – 11/2021 16
Slide 17: … and will also develop new levers of growth
2 … and will also develop new levers of growth Digitalization Connectivity / Automated E-Mobility/ New growth Digital Truck Driving Emission Reduction market Sustainability Availability Lifecycle Transport Eco Management Capacity Friendliness Urbanization Digital Services Automation Energy & Eco Lev
Slide 18: … and will also develop new levers of growth
2 … and will also develop new levers of growth Digitalization New growth market Sustainability Connectivity / Automated E-Mobility/ Digital Truck Driving Emission Reduction Urbanization Leverage strong position Availability Lifecycle Transport Eco Mobility Management Capacity Friendliness Establishe
Slide 19: KB continues to systematically develop its portfolio of mission critical products
1 2 KB continues to systematically develop its portfolio of mission critical products and digital solutions Mechanical products Mechatronic products Smart & digital products Smart brake control (Cube Control) Strong basis Electronically controlled Pneumatic pneumatic brake brake system GSBC & rGSBC
Slide 20: Build new business in RVS
2 Build new business in RVS Energy & Eco Digital Services Automation Efficiency Industry trends Availability Lifecycle Transport Eco Management Capacity Friendliness Applications Condition-based/ Energy savings / Aftermarket Automation (examples) predictive maintenance metering RVS solutions Europea
Slide 21: Build new business in CVS
2 Build new business in CVS Energy & Eco Digital Services Automation Efficiency Industry trends Connectivity/ Automated Driving E-Mobility/ Digital Truck Emission Reduction Applications Driver safety HAD actuation ADAS Electrification (examples) management & motion control CVS solutions Collecting s
Slide 22: KB Group with its resilient and diversified business outperforms the markets
2 KB Group with its resilient and diversified business outperforms the markets ~5-6% 7-8%1 ~4% KB KB ~1-2pp market ~1-2pp ~1% market outperformance outperformance RVS CVS relevant relevant ~4% ~5-6%2 ~3% market market growth growth RVS Revenue CAGR 2020 – 2025e CVS Revenue 2020 – 2021 – CAGR 2025e 2
Slide 23: KB drives digitalization in two dimensions
3 KB drives digitalization in two dimensions Digital products and services Internal digitalization Solution portfolio Inhouse operations From mechatronic to smart & connected Standardized end-to-end processes products & Digitalization New capabilities (e.g., analytics) and platforms for new
Slide 24: Clear M&A strategy
4 Clear M&A strategy Priorities Strategic Principles Pursue attractive and selective segments in Highly attractive growth segments with Markets & rail and truck for future outperformance strong entry barriers Segments Technological differentiation Focus on bolt-on acquisitions in rail and truck,
Slide 25: Focus on operational excellence
5 Focus on operational excellence Global platforms MANAGEMENT COMMITMENT Process digitalization and standardization HIGH PERFORMANCE COST & EFFICIENCY ENTREPRENEURIAL Group Set Up Excellence Mindset Culture Focus LEAN Footprint optimization HR Continued “local for local“ set-up and value chain OPERA
Slide 26: KB's strong commitment to ESG and sustainability
6 KB’s strong commitment to ESG and sustainability KB: Shaping the Future of Sustainable Transportation Environmental Social Governance 2030 Climate strategy and Social projects and employee ESG targets as renewable energy target volunteering with Knorr-Bremse part of management incentive Global Car
Slide 27: Ambitions for 2025
7 Ambitions for 2025 2025e Favorable mega trends in truck and rail fully intact Revenues1 € 8.1 – 8.6bn Focus on two-pillar strategy in rail and truck EBIT margin (ROS)1 Capture market share through innovation 14.0 – 16.0% Profitable growth & strong ROCE 1) Operating margin shown; based on market ex
Slide 28: Financial Strategy
Financial Strategy Frank Weber, CFO of Knorr-Bremse AG
Slide 29: Success factors for future profitable growth fully intact
FINANCIAL EXCELLENCE FOUNDATION Success factors for future profitable growth fully intact Focus on attractive Technology and market market segments leadership Strong execution Pricing power Profitable growth High aftermarket Efficient capital exposure and allocation resilience Strong bottom-line-/ c
Slide 30: KB's outstanding financial excellence today proven in multiple dimensions
FINANCIAL STATUS QUO KB’s outstanding financial excellence today proven in multiple dimensions P&L Free cashflow Balance sheet A2 A CAGR ~5% ~1.8bn >25% >€3 >100% ~37% ~18% >13% ~30% ~0x ~1.5x Revenues AM EBITDA EBIT ROCE EPS Cash Equity Liquidity Net debt1 Gross1 share margin margin conversion rati
Slide 31: Clear priorities to lift finance excellence to the next level
FINANCE AGENDA Clear priorities to lift finance excellence to the next level 1 5 Continuation 2 4 Fostering ESG of profitable and benefitting growth 3 from global sustainability push Further Efficient capital enhance cash allocation and M&A generation Financial policy of strategy resilience and robu
Slide 32: Profitable growth RVS
PROFITABLE GROWTH RVS 1 Aftermarket and Europe as main growth drivers, profitability to improve from 2021 levels Revenues (€bn) CAGR 5 - 6% Market ~4% 4.2 – 4.5 3.5 3.7 3.3 - 3.4 3.3 AM 3.3 3.3 >45% 3.0 1.4 1.5 45% 1.5 Market & Market & Market, Market & Installed base 1.2 1.4 1.5 market market stimu
Slide 33: Profitable growth CVS
PROFITABLE GROWTH CVS 1 Content per vehicle and aftermarket as key growth drivers supporting significant profitability increase Revenues (€bn) CAGR 7 - 8%2 Relevant market CAGR 5 - 6%3 3.9 – 4.2 3.3 - 3.4 AM 2.9 3.2 3.3 2.8 2.8 ~25% 2.5 0.8 0.8 0.8 0.8 27% 0.8 0.8 TPR, TPR, TPR, TPR, ~4% Regular Tru
Slide 34: Effective levers implemented to further improve cashflow generation
FREE CASHFLOW 2 Effective levers implemented to further improve cashflow generation Cash conversion Target: 80-90% Floor: 70% Profitable CapEx Working Financial Tax Growth (Depreciation) capital result EBIT Free cashflow Prioritization Close regional Optimization and Optimization monitoring flexibil
Slide 35: Necessary cost measures initiated to counteract market challenges
FINANCIAL ROBUSTNESS AND RESILIENCE 3 Necessary cost measures initiated taken to counteract market challenges Market Environment Rail Truck Supply chain Inflation China flattish Flat TPR (EU, NA, China) Semiconductor shortage and Increasing raw material and ? Project postponements CPV in the market
Slide 36: Continuous investment into innovation and state-of-the art industrial setup
CAPITAL ALLOCATION 4 Continuous investment into innovation and state-of-the art industrial setup CapEx (€m) R&D (€m) 5.6% 5-6% 6.4% 6-7% 5-6% 6.0% 5.8% 5.5% 5.7% 6-7% 4.6% 4.7% 4.8% 3.8% 359 364 397 396 308 332 342 328 249 235 2016 2017 2018 2019 2020 2021e 2025e 2016 2017 2018 2019 2020 2021e 2025e
Slide 37: Capital allocation priorities
CAPITAL ALLOCATION PRIORITIES 4 Clear framework with focus on organic growth and bolt-on M&A 6 – 7% R&D ratio 5 – 6% CapEx ratio Bolt-on M&A Share buybacks 40 – 50% Dividend payout ratio High priority Low priority Organic In-organic Capital Markets Day – 11/2021 37
Slide 38: Financial principles for in-organic growth
FINANCIAL PRINCIPLES FOR IN-ORGANIC GROWTH 4 Clear financial aspirations defined as M&A guardrails Priorities Financial principles for larger transactions Value accretive for KB Attractive segments Strong cash generation High profitability (ROS + ROCE) Bolt-on acquisitions ! High aftermarket revenue
Slide 39: Fostering ESG ambitions
FOSTERING ESG AMBITIONS 5 High ESG commitment embedded in newly defined strategy and remuneration Future objectives Climate strategy Carbon neutrality (incl. off-setting) at KB sites by 12/21 Environmental Triple own photovoltaic capacity by 2030 Extend to Scope 3 target setting Circular econo
Slide 40: Short-term outlook
SHORT-TERM OUTLOOK Profitable growth despite continued supply chain constraints and inflation Guidance FY21e First indication FY22e Assumptions Stable economic environment in Revenues Group 6.6 – 6.8 Slight to solid important markets (€bn) No major FX changes FY22 vs. FY21 RVS 3.3 – 3.4 No add
Slide 41: Mid-term outlook
MID-TERM OUTLOOK Signals set for continued profitable growth of KB towards 2025 Organic revenues in €bn 5.5 – 6.5% Revenue CAGR EBIT margin (ROS) Slight to solid 8.1 – 8.6 increase RVS 5 – 6% 18.0 – 19.5% 6.6 – 6.8 6.2 … CVS 7 – 8% 12.0 – 13.5% Group ROCE CCR over cycle ≥30% 80 – 90% 2020 2021e 2022
Slide 42: Rail Vehicle Systems
Rail Vehicle Systems Dr. Jürgen Wilder, Member of the Executive Board of Knorr-Bremse AG
Slide 43: RVS capital market guidance fulfilled until Covid with persistent strength
RVS capital market guidance fulfilled until Covid with persistent strength Market Technology Strong growth profile leadership innovation Global #1 market leader across RVS with long track record of ▪ Strong technology innovator products and regions outperforming underlying markets shaping industry s
Slide 44: Megatrends and related initiatives supportive for the rail industry and RVS
Megatrends and related initiatives supportive for the rail industry and RVS Urbanization Sustainability Supporting trends Financial support & programs programs ▪ Stimulus programs ▪ Climate related > € 100bn regulations ▪ Covid compensation ▪ 2021 Year of Rail Digitalization Mobility > € 40bn ▪ Gree
Slide 45: CO2 emission targets not achievable in transportation without rail
CO2 emission targets not achievable in transportation without rail Greenhouse gas emissions from transport1 Passenger transport – long distance Passenger transport – local transport Freight transport [in g/pkm] [in g/pkm] [in g/tkm] 7x 3x 7x 214 143 29 143 80 55 111 30 17 1) 2019, reference for Germ
Slide 46: Long-term growth in global rail will continue, despite Covid U-shape
Long-term growth in global rail will continue, despite Covid U-shape Development of relevant sub-systems market volume1 (OE + RS in €bn) Non-Covid-impacted CAGR ~2% Covid-impacted CAGR ~4% 11.7 10.3 9.5 Asia Pacific North America South America Europe / Africa U-shape development of sub-system market
Slide 47: 9 – 18 months time shift between OEMs order intake and recognition
9 – 18 months time shift between OEMs order intake and recognition at sub-systems suppliers Time Incoming orders1 – selective & illustrative OEMs Knorr-Bremse OPERATOR OEM IO recognition e.g., Metro UK (NTfL), OEMs R&C UK, e.g., Amtrak, Danish S-Bahn Hannover State Rail, Paris RER MI NG, SBB Order A
Slide 48: KB will continue to grow its core business further
KB will continue to grow its core business further Digitalization New growth market Sustainability Availability Lifecycle Transport Eco Management Capacity Friendliness Urbanization Leverage strong position Mobility Established and Leading market position strong foundation Above market growth ra
Slide 49: RVS grew within each business unit, despite Covid impact, AM outperformed
RVS grew within each business unit, despite Covid impact, AM outperformed Revenue development in €bn [Index 100 = 2012] 2012 2020 CAGR 2012-2020 (OE) (AM) 2012 x2.6 x2.6 AM x2.0 OE 2.2 x1.8 x1.9 67% 33% x1.2 x1.1 x1.1 2020 Brakes Doors HVAC Others Brakes Doors HVAC Others AM OE 3.3 45% … … 55% 2.3%
Slide 50: RVS holds global #1 position across key product categories
RVS holds global #1 position across key product categories Global market share 20201 (% of sales) Brake systems Entrance systems HVAC #1 #1 #1 (~68% of RVS sales) (~9% of RVS sales) (~7% of RVS sales) Others Knorr-Bremse Knorr-Bremse Knorr-Bremse 35% 50% 25% 20% Others 40% Market size Market size Ma
Slide 51: Aftermarket business will continue to be an important growth engine
Aftermarket business will continue to be an important growth engine Revenue split Opportunities 2020 in €bn Use installed fleet Modernization OE RS 55% 3.3 45% New service models & digital solutions Challenges Long-term goal Competition by OEMs, focussing more on service > 45% Insourcing and lif
Slide 52: Ridership strongly impacted by Covid, but fleet utilization at high level
Ridership strongly impacted by Covid, but fleet utilization at high level Ridership Fleet utilization BEFORE Covid 90- 90- 95% 95% 85% 85% 80% ~60% 55- 50- 60% 55% 35- DURING Covid 45% 40% Mainline Multiple units Reduction High Speed Reduction Ridership Total Long Distance/HS Urban&Regional Source:
Slide 53: Future growth will come from markets in Europe, Asia and North America
Future growth will come from markets in Europe, Asia and North America Market development OE in €m, CAGR in %1 Selected biggest growth markets CAGR Market position China3 ‘19-’25 ~8.5% North America & Mexico MT ~11% #1 ~1,800 #1 Austria ~27% ~ -0.5% France ~6% #2 ~1,350 ~1,300 ~1,100 Russia & CIS (H
Slide 54: China business faces challenges, but will continue to contribute to KB success
China business faces challenges, but will continue to contribute to KB success RVS revenue development in China (in €m) 2010 – 2016 >1,000 2017 – 2021e 2022e – 2025e.. trends Increasing Increasing Price pressure Price & & pressure ~500 installed base installed base Stretch of of stretch overhaul ove
Slide 55: Clear strategy in place for business development in China
Clear strategy in place for business development in China Seize opportunities in Secure Aftermarket High Speed to re-strengthen business through expansion position through of service center footprint partnership and innovative technology Strengthen Metro business Efficiency program put in through in
Slide 56: RVS will further grow from new industry trends
RVS will further grow from new industry trends Digitalization New growth market Sustainability Availability Lifecycle Transport Eco Management Capacity Friendliness Urbanization Leverage strong position Mobility Established and Leading market position strong foundation Above market growth rates
Slide 57: Reproducible Braking Distance (RBD) to increase transport capacity
Reproducible Braking Distance (RBD) Transport Capacity to increase transport capacity T R A I N H E A D W A Y S Field trials / pilot applications Deceleration Control: NEWAG Demonstrator, 1 year test in passenger service – ongoing Adhesion Management and WheelGrip Adapt: Function testing @ advan
Slide 58: For increasing transport capacity IFE LIFEDrive optimizes passenger flow
For increasing transport capacity IFE Transport Capacity LIFEDrive optimizes passenger flow 60 seconds time loss IFE LIFEDrive for mass transit sliding door applications in case of door failure only 10 seconds time loss Capital Markets Day – 11/2021 58
Slide 59: RVS supports the freight train evolution to the digital freight train
RVS supports the freight train evolution Digitalization / Digital Freight to the digital freight train Train Low tech, manual, unpowered freight car not able to compete as mean of transport Efficient Digital Freight Trains & cars with several RVS solutions on board Capital Markets Day – 11/2021 59
Slide 60: Clear RVS focus on new industry trends and growing the core business further
Clear RVS focus on new industry trends and growing the core business further Digitalization New growth market Sustainability Availability Lifecycle Transport Eco Management Capacity Friendliness Urbanization Leverage strong position Mobility Established and Leading market position strong foundatio
Slide 61: Key takeaways
Key takeaways RVS #1 market position in key markets stable market share in Brakes and market share opportunities in Doors, HVAC and other products Dense service network & new service models offer Aftermarket growth opportunities RVS quality, service and technology leadership maximize eco-friendlines
Slide 62: Commercial Vehicle Systems
Commercial Vehicle Systems Dr. Jan Mrosik, CEO of Knorr-Bremse AG
Slide 63: CVS is market and technology leader with a robust business model
CVS is market and technology leader with a robust business model and continuously outperforms markets Market Technology Strong growth profile leadership innovation A global market leader Continuously outperforming Technology leader with continuous increasing market share (~25% for markets with risin
Slide 64: CVS strongly outperforms the market
CVS strongly outperforms the market – with 2012-2019 revenue growth beating market growth Market outperformance with 7% CAGR vs. 3% TPR growth in the Revenue by region1 same time frame in €m Pre-Covid Covid influence FY19 Strong performance and growth CAGR 2012 – 2019 3,280 3,159 +7% 2,891 -3% 2,819
Slide 65: CVS is market leader in all major product fields
CVS is market leader in all major product fields Global market share 20211 (% of revenues) Brake Systems & Energy Supply & Fuel #1 #1 #1 Vehicle Dynamics2 Distribution3 Efficiency4 Knorr-Bremse Others Knorr-Bremse Knorr-Bremse 25% 24% 49% 23% Since 2017: Since 2017: Since 2017: + 2p.p. unchanged + 9
Slide 66: CVS proved resilient during Covid pandemic
CVS proved resilient during Covid pandemic While truck production decreased globally in Q1/20 CVS could rely on: Regional diversification Strong market position in China balanced in revenues and production market decrease in other regions Positive EBIT margin Diversified production footprint ben
Slide 67: Strong management execution during material shortages led to solid H1/21 results
Strong management execution during material shortages led to solid H1/21 results for CVS Current supply challenges Semiconductor shortage Raw material tightness Freight market crisis Further local crises1 Today Mid-Term: 2022ff. Situation V-shaped recovery of customer demand since Q4/20 Tight su
Slide 68: CVS leveraging potentials in Chinese market
CVS leveraging potentials in Chinese market CVS in China 6 locations1, 4 plants and >1,700 employees. Chinese market is maturing with 2015 2020 higher content per vehicle, longer CAGR vehicle lifetime and a changing end- Revenues in €m 140 29% 490 customer structure Rise by Market share2 14% 10p.p.
Slide 69: Industry trends in the global commercial vehicles market
Industry trends in the global commercial vehicles market Megatrends Urbanization Sustainability Digitalization Mobility Industry Trends Traffic Safety Emission Reduction Automated Driving Connectivity & E-Mobility Advanced Battery-electric or fuel Autonomous trucks Connected vehicles safety systems
Slide 70: CVS growth opportunities driven by higher CPV despite limited volume growth
CVS growth opportunities driven by higher CPV despite limited volume growth Truck production is flat and does not contribute to growth Growth driver will be the current content per vehicle (CPV) with traffic safety technologies until mid 2020s In the long run, CPV must be driven by technologies for
Slide 71: New growth areas for CVS
New growth areas for CVS Illustrative growth potential Growth contribution of industry trends World’s leading supplier Grow in current portfolio of safety relevant CV Generate new business by systems optimizing TCO and emissions along the truck lifecycle Automated driving Traffic safety Today 2025 2
Slide 72: Automated driving functions will hit the roads in trucks earlier than in passenger cars
Automated driving functions will hit the roads in trucks earlier than in passenger cars degree of automation driver only assisted partial high full driverless 0 1 2 automation 3 automation 4 automation 5 Highway Lane Parking Lane Pilot Autono- Departure Departure Keeping Braking Assist mous Yard Ful
Slide 73: CVS offers both driver assistance and automated driving solutions
CVS offers both driver assistance and automated driving solutions degree of automation driver only assisted partial high full driverless 0 1 2 automation 3 automation 4 automation 5 Highway Lane Parking Lane Pilot Autono- Departure Departure Keeping Braking Assist mous Yard Full Warning Traffic Jam
Slide 74: Truck Motion Control and Redundancy are CVS' core competencies
CVS offers automated driving solutions in a partnership approach - Actuation, Truck Motion Control and Redundancy are CVS’ core competencies Redundancy system Perception Decision Actuation Truck Motion Control Complete environment Continuous situation Coordinated interaction of perception of truck &
Slide 75: Truck Motion Control combines braking, steering and vehicle dynamics
Truck Motion Control combines braking, steering and vehicle dynamics KB CORE ROADMAP ADAS1 AND HIGHLY AUTOMATED DRIVING Driver assistance Driver assistance Stability Longitudinal Lateral Automated Braking control control control driving functions Brake system Combined steering and braking Truck Truc
Slide 76: Different offerings for automated driving in a partnership approach
Different offerings for automated driving in a partnership approach CVS fosters system competency and future content per vehicle increase potential General requirement for redundant Electric/Electronics architecture increases content per vehicle → redundancy ensures the safe vehicle movement even
Slide 77: CVS will benefit from transition of ICE trucks towards electrified trucks
CVS will benefit from transition of integrated combustion engine trucks towards electrified trucks Value structure of a truck Impact for CVS Illustrative Shift from ICE to EV vehicles offers first mover Other advantage Growth systems opportunities for More complex Electrics/Electronics architect
Slide 78: CVS has founded an internal incubation unit for e-mobility solutions
CVS has founded an internal incubation unit for e-mobility solutions Defining our role in the environment of the e-mobility eco- Internal incubation unit set up for solutions for e- system for commercial vehicles mobility OEM inhouse systems Adaptation of existing product portfolio towards EV De
Slide 79: CVS is offering a broad product portfolio for electric trucks
CVS is offering a broad product portfolio for electric trucks EV adapted portfolio New EV product fields eCompressor Redundant power Electric screw compressor management system Mid air demand eCompressor (rotary vane) Low air demand compressor for future EV requirements EV brake resistor EV br
Slide 80: Key takeaways
Key takeaways Increase of content per vehicle in all markets mitigating TPR stagnation Market share increases in growth markets Fostering of technological leadership through consequent invest in R&D Resilience and operational excellence Targeted cost optimization programs to protect margins Excellen
Slide 81: Key takeaways
Key takeaways Dr. Jan Mrosik, CEO of Knorr-Bremse AG
Slide 82: Key takeaways
Key takeaways KB is in excellent shape – We outperform even in challenging times KB capitalizes on favorable megatrends KB Sustainability is core of KB’s markets, products and continues organization its successful KB continues profitable growth path through strategy technology leadership KB drives o