Skf Ab Class A · OMXSTO:SKF_A
Skf Ab Class A — Q3 2001 Earnings Presentation
19 slides from Skf Ab Class A's earnings presentation, October 2001
Slide 1: The SKF Group
The SKF Group Sune Carlsson, President & CEO
Slide 2: Nine-months result 2001
SKF Group Nine-months result 2001 MSEK 2001 2000 Net sales 32 282 29 389 Operating profit 2 703 2 733 Profit before taxes 2 296 2 241 Net profit 1 571 1 430 Earnings per share, SEK 13.80 12.56 Cash flow 2 838 1 792 ROCE* 15.3% 15.8% Reg. no of employees 38 466 40 512 *for the 12-months period ended
Slide 3: Third quarter
SKF Group Third quarter MSEK 2001 2000 Net sales 10 228 9 495 + 7.7 % Operating profit 816 891 -8.4 % Profit before taxes 685 732 -6.4% Net profit 489 506 -3.4 % Earnings per share, SEK 4.30 4.44 -3.2 % Cash flow 1 092 706 + 54.7 %
Slide 4: Profit before taxes excl. non-recurring items
SKF Group Profit before taxes excl. non-recurring items MSEK 900 800 700 600 500 400 300 200 100 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1999 2000 2001
Slide 5: Earnings per share
SKF Group Earnings per share SEK 5 4 3 2 1 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1999 2000 2001
Slide 6: Net sales
SKF Group MSEK Net sales 11 500 11 000 10 500 10 000 9 500 9 000 8 500 8 000 7 500 -1.8% -0.9% -6.6% -1.5% 5.5% 4.8% 12.1% 12.5% 11.0% 10.7% 7.7% 7 000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1999 2000 2001
Slide 7: Net sales development per quarter
SKF Group Net sales development per quarter 2000 2001 Percent y-o-y Q1 Q2 Q3 Q4 Q1 Q2 Q3 Structure -1.0 -1.0 0.2 0.4 0.3 0.4 0.4 Volume 7.0 5.4 5.0 2.4 1.1 -2.7 - 3.2 Price / Mix 0.2 1.4 3.7 2.8 1.9 1.9 1.6 Sales in local 6.2 5.8 8.9 5.6 3.3 -0.4 -1.2 currency Currency -0.7 -1.0 3.2 6.9 7.7 11.1 8.9
Slide 8: Operating margin excl. non-recurring items
SKF Group Operating margin excl. non-recurring items % 10 9 8 7 6 5 4 3 2 1 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1999 2000 2001
Slide 9: Operating margin by division
SKF Group % Operating margin 14 12 Industrial 10 Service 8 Aerospace 6 + others 4 Electrical 2 Automotive 0 Seals -2 -4 Steel -6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2000 2001
Slide 10: Number of employees, adjusted for acquisitions / disposals
SKF Group Number of employees, adjusted for acquisitions / disposals 40 000 39 500 39 000 38 500 38 000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2000 2001
Slide 11: Cash flow after investments before financing
SKF Group Cash flow after investments before financing MSEK 1 200 1 000 800 600 400 200 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1999 2000 2001
Slide 12: Inventories as % of annual sales
SKF Group Inventories as % of annual sales % 30 29 28 27 26 25 24 23 22 21 20 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1999 2000 2001
Slide 13: Additions to tangible assets
SKF Group Additions to tangible assets MSEK Depreciation according to plan 3 000 2 500 2 000 1 500 1 000 500 0 Nine-months 1996 1997 1998 1999 2000 2001
Slide 14: Solvency (equity/total assets)
SKF Group % Solvency (equity/total assets) 40 Group target level 35 30 25 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1999 2000 2001
Slide 15: Target and 12-monthly rolling
SKF Group Target and 12-monthly rolling 12-monthly rolling September 30 Target* Operating profit, 3 644 4 000 MSEK Operating margin 8.5% 10.0% Earnings per share in SEK 18.46 20.00 Return on capital employed 15.3% 18.0% * set in April 2000, to be reached in a couple of years
Slide 16: Volume trend development by region
SKF Group Volume trend development External sales*, % July 2001 Oct 2001 Europe 53 North America 27 Asia Pacific 13 Latin America 5 Middle East / Africa 2 * Year 2000
Slide 17: Volume trend development by segment
SKF Group Volume trend development External sales*, % July 2001 Oct 2001 Industrial 22 Automotive 22 Electrical 4 Service 32 Seals 10 * Year 2000
Slide 18: October 2001 outlook
SKF Group October 2001 The risk for a deeper downturn in market demand for the next quarters has now increased. The production rate will be further reduced in the fourth quarter this year.
Slide 19: The SKF Group
The SKF Group oKF