Thyssenkrupp Ag · XETR:TKA
Thyssenkrupp — Investor Presentation (May 2012)
89 slides from Thyssenkrupp's investor presentation, May 2012
Slide 1: Presentation ThyssenKrupp May 2012
Presentation ThyssenKrupp May 2012
Slide 2: Agenda
Agenda { Key Figures, Strategic Way Forward and Group Outlook { Group Performance and Financials { Business Area Performance { Conclusion Presentation ThyssenKrupp May 2012 1 Developing the future.
Slide 3: Q2 2011/12: Highlights – Continued Operations
Q2 2011/12: Highlights – Continued Operations • Robust top line in a challenging materials pricing environment Demand Order intake €11.6 bn +15% qoq / +2% yoy Book-to-bill: >1 Sales €10.6 bn +7% qoq / -1% yoy • Group EBIT with moderate sequential improvement Profit EBIT adjusted €134 m +61% qoq / -6
Slide 4: Robust Top Line in a Challenging Materials Pricing Environment
Q2 2011/12: Robust Top Line in a Challenging Materials Pricing Environment Order intake – continued operations (million €) Sales – continued operations (million €) Materials Group Book-to-bill: Capital Goods >1 not consolidated +2% +15% -1% +7% yoy qoq yoy qoq 11,328 11,596 10,680 10,613 10,078 9,89
Slide 5: Sequential Improvement at Materials and Capital Goods Businesses
Sequential Improvement at Materials and Capital Goods Businesses EBIT adjusted – continued operations (million €) Group 261 435 570 495 83 +61% 134 Capital Goods Materials (excl. 485 Steel Americas) 484 453 451 444 409 281 Materials 205 144 (35) not consolidated (146) (108) Q1 Q2 Q3 Q4 2010/11 Q1 Q2
Slide 6: ThyssenKrupp – Strategic Way Forward
ThyssenKrupp – Strategic Way Forward Portfolio Change Performance Strategic Financial Optimization + Management + Orientation Æ Push + Stabilization Exit Non-Core Leadership & Profit & Cash Grow Core Financing Businesses Culture Improvement Businesses Capacities Ongoing clos { Leadership { Continuou
Slide 7: Portfolio Optimization: Geared to Reduce Volatility and Complexity
Portfolio Optimization: Geared to Reduce Volatility and Complexity Sales FY 2010/11 (before Stainless Global carve-out, not consolidated) Stainless Global Sales: ~€6.7 bn 9 signed Metal Forming 9 closed Sales: ~€1.1 bn Signed or Xervon closed: Sales: ~€0.7 bn 9 closed 90% Blohm + Voss €49.1 bn Dispo
Slide 8: Assessment of Strategic Perspective for Steel Americas
Assessment of Strategic Perspective for Steel Americas Key consideration Situation { Positive mid-term perspective: Technology position 9 leading technology and competitive cost position achievable Next steps: { State-of-the-art slab plant in Brazil and Quality rolling & coating plant in Southern US
Slide 9: Change Mgmt: Mgmt Changes Complementing the Strategic Way Forward
Change Mgmt: Mgmt Changes Complementing the Strategic Way Forward Corporate Center / Group Services Technology, Materials Innovation Controlling & Risk ThyssenKrupp Management Business Services & Quality Achatz Gesing Holzer Grobosch Steel Europe Elevator Technology N.N. (CFO*) Schierenbeck (CEO**)
Slide 10: Outlook FY 2011/12 – Continued Operations
Outlook FY 2011/12 – Continued Operations Materials Capital Goods Moderate improvement in EBIT adjusted in H2 2011/12 H2 vs H1 2011/12 { Steel Europe: volumes and prices influenced { Elevator Technology: stabilizing earnings by continuing intense competition; { Plant Technology: improving earnings e
Slide 11: Agenda
Agenda { Key Figures, Strategic Way Forward and Group Outlook { Group Performance and Financials { Business Area Performance { Conclusion Presentation ThyssenKrupp May 2012 10 Developing the future.
Slide 12: Group EBIT with Moderate Improvement
Group EBIT with Moderate Improvement EBIT adjusted – continued operations (million €) EBIT – continued operations (million €) -69% +61% -83% +€109 m yoy qoq yoy qoq 435 435 83 134 (33) 76 Q2 Q1 Q2 Q2 Q2 2010/11 2011/12 2010/11 Q1 2011/12 Special items Q2 2011/12: €(58) m, mainly • Materials Services
Slide 13: Subdued Profitability and Fair Value Adjustments Weighing on After-Tax Results
Subdued Profitability and Fair Value Adjustments Weighing Disproportionately on After-Tax Results Income after tax and net income reconciliation Q2 2011/12 (million €) EPS EPS cont. ops. incl. discont. ops. 76 (0.59) (1.14) (167) EBIT Net (304) financial (213) line* (587) Tax Income expense after ta
Slide 14: Cash Flow Profile with Significant Sequential Improvement
Cash Flow Profile with Significant Sequential Improvement OCF – continued operations (million €) Capex – continued operations (million €) H1 (1,239) (1,428) 1,319 150 872 (145) (1,094) (1,578) 716 603 466 406 Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 2010/11 2011/12 2010/11 2011/12 FCF – continued operations (million
Slide 15: FCF Less Negative Despite Lower Earnings
FCF Less Negative Despite Lower Earnings Given Reduced Investments in NWC and Lower Capex FCF reconciliation Q2 2010/11 vs Q2 2011/12 (million €) 236 (268) (728) Δ Net 197 FCF income 531 cont. ops. Δ Others Q2 FCF Δ Capex 2011/12 cont. ops. Q2 (504) Δ NWC 2010/11 H1 2010/11 vs. H1 2011/12 (million €
Slide 16: OCF Supported by Release of Inventories
OCF Supported by Release of Inventories Q2 2011/12 (million €) thereof: Trade • Steel Europe 301 accounts • Steel Americas (189) Inventories receivable • Elevator Technology 169 • Marine Systems 92 Trade 52 accounts Other assets/ liabilities* OCF Net 367 payable OCF (incl. Other disc. ops.) income O
Slide 17: Declining Inventories Across All Materials-Related Businesses
Declining Inventories Across All Materials-Related Businesses Steel Europe Steel Americas Materials Services Inventories Inventories Inventories 4,000 €m days 120 1,200 €m days 800 2,500 €m days 60 1,000 2,000 50 3,000 600 80 800 40 1,500 2,000 600 400 30 1,000 40 400 20 1,000 200 200 500 10 0 0 0 0
Slide 18: Increase in NFD due to Increase in NWC, Americas Ramp-Up and Dividend
Increase in NFD due to Increase in NWC, Americas Ramp-Up and Dividend Q2 2011/12 (million €) H1 2011/12 (million €) (3,578) (6,480) Gearing 34.5% Gearing OCF 73.0% (1,428) (5,937) NFD Divestments Capex* (6,480) 299 (872) Dividend Sep 2011 & Others** FCF (incl. disc. ops.) (427) disc. ops. Gearing (4
Slide 19: Solid Financial Situation
Solid Financial Situation Liquidity analysis and maturity profile of gross financial debt as of March 31, 2012 (million €) 6,384 Bond placement (February 2012): • Volume of €1.25 bn • 5 year maturity Available Total: 9,011 committed 3,853 • Coupon of 4.375% p.a. credit facilities • Issue price of 99
Slide 20: Agenda
Agenda { Key Figures, Strategic Way Forward and Group Outlook { Group Performance and Financials { Business Area Performance { Conclusion Presentation ThyssenKrupp May 2012 19 Developing the future.
Slide 21: All Continued Operations with Positive EBIT Performance (Except AM)
All Continued Operations with Positive EBIT Performance (Except AM) EBIT adjusted (million €); EBIT adjusted margin (%) 9.1 300 11.6 10.5 10.0 SE 4.0 1.0 147 142 132 ET 102 30 14.3 13.3 11.7 AM 139 125 115 PT (288) (228) (319) 4.4 6.4 6.8 2.6 5.9 MX 163 1.3 90 114 103 128 CT 40 3.2 1.1 38.4 35.5 20*
Slide 22: Steel Europe – Q2 2011/12 Highlights
Steel Europe – Q2 2011/12 Highlights Order intake in €m Shipments in 1,000 t EBIT in €m; EBIT adj. margin in % Ø rev/t indexed (Q1 2004/05=100) EBIT EBIT adjusted 9.1 9.2 135 140 146 147 136 8.3 3,721 322 3,006 2,990 3,431 3,431 300 4.0 3,289 253 3,018 2,688 2,705 2,580 30 102 1.0 21 Q2 Q1 Q2 Q2 Q1
Slide 23: Steel Americas – Q2 2011/12 Highlights
Steel Americas – Q2 2011/12 Highlights Order intake in €m Production & shipments in 1,000 t EBIT in €m 880 852 786 914 EBIT EBIT adjusted 651 Slab production (190) (184) (288) (228) CSA (319) (230) 632 Q2 Q1 Q2 583 2010/11 2011/12 503 (2,259) 437 622 777 268 421 Shipments 306 403 Q2 Q1 Q2 Steel USA
Slide 24: Materials Services – Q2 2011/12 Highlights
Materials Services – Q2 2011/12 Highlights Order intake* in €m Materials warehousing shipments in 1,000 t EBIT in €m; EBIT adj. margin in % *thereof materials warehousing business ~ 60% ROCE in % EBIT EBIT adjusted 19.1 17.1 15.9 12.1 163 149 1,473 136 3,918 3,973 1,440 1,377 1,423 3,618 1,230 5.6 9
Slide 25: Elevator Technology – Q2 2011/12 Highlights
Elevator Technology – Q2 2011/12 Highlights Order intake in €m Units under Maintenance EBIT in €m; EBIT adj. margin in % Highest level EBIT EBIT adjusted since 2008 >1m c.800,000 12.4 11.6 11.6 1,466 332 1,358 1,541 10.5 1,320 10.0 1,297 172 142 151 132 147 118 113 Q2 Q1 Q2 04/05 11/12 Q2 Q1 Q2 2010
Slide 26: Plant Technology – Q2 2011/12 Highlights
Plant Technology – Q2 2011/12 Highlights Order intake in €m Order backlog in €m EBIT in €m; EBIT adj. margin in % EBIT EBIT adjusted 14.3 13.9 13.3 10.8 11.7 1,464 6,636 6,625 6,540 1,098 6,381 139 115 6,242 131 934 129 125 896 114 871 Q2 Q1 Q2 Q2 Q1 Q2 Q2 Q1 Q2 2010/11 2011/12 2010/11 2011/12 2010/
Slide 27: Components Technology – Q2 2011/12 Highlights
Components Technology – Q2 2011/12 Highlights Order intake in €m Quarterly order intake auto components EBIT in €m; EBIT adj. margin in % Q2 2011/12: ~20% above pre-crisis level EBIT EBIT adjusted (average of FY 2007/08) 7.9 169 6.4 6.9 6.8 1,811 161 5.9 1,795 1,778 1,858 141 1,713 128 121 114 103 Q
Slide 28: Marine Systems – Q2 2011/12 Highlights
Marine Systems – Q2 2011/12 Highlights Order intake in €m Order backlog in €m EBIT in €m; EBIT adj. margin in % EBIT EBIT adjusted 38.4 35.5 84 2,155 78 62 6,958 12.9 39 61 6,826 22 731 6,532 7.6 6,397 10.7 5,290 247 (116) 222 149 Q2 Q1 Q2 Q2 Q1 Q2 Q2 Q1 Q2 2010/11 2011/12 2010/11 2011/12 2010/11 20
Slide 29: Discontinued Operations: Stainless Global – Q2 2011/12 Highlights
Discontinued Operations: Stainless Global – Q2 2011/12 Highlights Order intake in €m Shipments* in 1,000 t EBIT in €m; EBIT adj. margin in % Ø transaction price/t * hot-rolled and cold-rolled EBIT SL USA indexed (Q1 2004/05=100) (18) (29) (44) (51) (31) 131 129 116 107 111 59 (51) (56)* 20* 0 1.1 3.
Slide 30: Agenda
Agenda { Key Figures, Strategic Way Forward and Group Outlook { Group Performance and Financials { Business Area Performance { Conclusion Presentation ThyssenKrupp May 2012 29 Developing the future.
Slide 31: Perspective FY 2011/12 – Continued Operations
Perspective FY 2011/12 – Continued Operations H2 2011/12: EBIT adjusted moderately higher vs. H1: Outlook contribution from capital goods businesses stable at high level; Steel Europe: volumes and prices influenced by continuing intense competition; earnings on H1 level Steel Americas: improvements
Slide 32: Our Value Creation Program
Our Value Creation Program Portfolio Change Performance Strategic Financial Optimization Management Orientation Push Stabilization Positioning of + + + ThyssenKrupp Exit Grow Leadership & Profit & Cash Financing Non-Core Core Culture Improvement Capacities Businesses Businesses + Ramp-up Steel Ameri
Slide 33: Financial Calendar – FY 2011/12
Financial Calendar – FY 2011/12 { May Roadshows London (21st), Oslo (21st), Luxemburg (22nd), Brussels (23rd), Paris (24th), Madrid (29th), The Netherlands (30th), US West Coast (30th-31st) { June Roadshows New York, Boston (7th-8th) { July Roadshows Zurich (3rd) { August Conference Call Q3 2011/12
Slide 34: Contact Details
Contact Details ThyssenKrupp Corporate Center Investor Relations Phone numbers +49 201-844- Dr. Claus Ehrenbeck -536464 Rainer Hecker -538830 Head of Investor Relations Senior IR Manager Stefanie Bensch -536480 Christian Schulte -536966 To be added to the Assistant Senior IR Manager IR mailing list,
Slide 35: Agenda – Appendix
Agenda { Appendix Presentation ThyssenKrupp May 2012 34 Developing the future.
Slide 36: ThyssenKrupp – Diversified Industrial Company
ThyssenKrupp – “Diversified Industrial Company” Cross-operational synergies Focus on Efficient capital allocation based Best-in-class performance core activities with leading on clearly defined key figures within all businesses market positions Infrastructure Leading Engineering Competence Resources
Slide 37: Leading Engineering Competence Supports Sustainable Progress Worldwide
ThyssenKrupp’s Leading Engineering Competence Supports Sustainable Progress Worldwide Demand Demand Driver (“more”) Business Opportunities Limitations (“better”) Demography Resources Climate Change Reduction of More consumer CO2 emissions; and capital goods Renewable energies Urbanization Leading En
Slide 38: Leading Engineering Competence to Create Better Solutions
Leading Engineering Competence to Create “Better” Solutions Product/service examples Leading engineering competence Material Mechanical Plant High-strength steel Slewing Bearings Cement Plants Up to 40% weight Essential component of Up to - 40% of direct reduction of automotive wind turbines CO2 emi
Slide 39: ThyssenKrupp Group
ThyssenKrupp Group ThyssenKrupp FY 2010/11: Sales €43.4 bn • EBIT adj. €1,762 m • TKVA €(2,962) m • Employees 180,050 * The TK Group consists of ~ 800 legally independent companies, organized, existing and operating under the laws of 70 countries, ultimately led by TK AG. Steel Sales: €12.8 bn Steel
Slide 40: 5 Year Performance Track Record
5 Year Performance Track Record Continued operations and new EBIT definition from FY 2009/10 on EBIT adjusted, EBIT adjusted margin (million €, %) SE, MX and ET 2006/07and 2007/08 referring to old organizational structure 8.1 7.4 11.3 12.5 12.2 8.6 9.6 641 4,197 3,933 4.1 598 646 3.4 475 (0.9) 405 G
Slide 41: Portfolio Optimization: Well on Track After 12 Months
Portfolio Optimization: Well on Track After 12 Months Already signed or closed transactions comprising ~ 90% of sales to be divested May 13, 2011 November 30, 2011 January 31, 2012 May 14, 2012 Decision for Sale of Xervon Group Sale of civil shipbuilding Signing of sale of Strategic Way Forward to R
Slide 42: Systematic Benchmarking Aiming at Best-in-Class Operations
Systematic Benchmarking Aiming at Best-in-Class Operations Selected Peers / Relevant Peer Segments Steel Elevator • ArcelorMittal / Flat Carbon Europe Europe Technology • UTC / Otis • Salzgitter / Steel • KONE • Tata Steel / Europe • Schindler • Voestalpine / Steel Steel Plant • Chemicals: • AK Stee
Slide 43: Group Overview (I) – Continued Operations
Group Overview (I) – Continued Operations 2010/11 2011/12 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 9,997 11,328 12,984 10,809 45,118 10,078 11,596 Sales €m 10,020 10,680 11,506 11,150 43,356 9,896 10,613 EBITDA €m 592 827 944 846 3,209 471 432 EBIT €m 261 435 549 (1,435) (190) (33) 76 EBIT adjusted €m 2
Slide 44: Group Overview (I) – Incl. Discontinued Operations
Group Overview (I) – Incl. Discontinued Operations 2010/11 2011/12 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 11,260 12,848 14,120 12,019 50,247 11,260 13,008 Sales €m 11,370 12,266 12,851 12,605 49,092 11,138 12,155 EBITDA €m 645 932 983 825 3,385 412 424 EBIT €m 273 497 545 (2,303) (988) (357) (228) EBI
Slide 45: Group Overview (II) – Continued Operations
Group Overview (II) – Continued Operations 2010/11 2011/12 Q1 Q2 Q3 Q4 FY Q1 Q2 Capital expenditures* €m 716 603 2,508 466 406 Depreciation/amort. €m 340 401 3,441 514 367 Operating cash flow €m (1,094) (145) 1,012 (1,578) 150 Cash flow from divestm. €m 119 20 423 311 (12) Cash flow from investm. €m
Slide 46: Special Items
Special Items Business Area 2010/11 2011/12 (million €) Q1 Q2 Q3 Q4 FY Q1 Q2 Steel Europe Asset disposals (9) Steel Americas: Impairment related charges (2,075) (2,075) Asset disposal (2) Materials Services: Disposal Xervon (55) (55) Impairment (16) Elevator Technology: Refund anti-trust fine 160 16
Slide 47: Increase in NFD due to Increase in NWC, Americas Ramp-Up and Dividend
Increase in NFD due to Increase in NWC, Americas Ramp-Up and Dividend Net financial position, equity and ratios (million €) Equity ratio 27.6% 23.4% 23.8% 23.8% 20.7% Gearing 13.8% 21.2% 36.4% 34.5% 73.0% 11,489 Equity 10,388 10,382 9,696 8,872 6,480 3,780 3,578 2,059 1,584 Net financial position Se
Slide 48: Pension and Similar Obligations
Pension and Similar Obligations Accrued Pension and Similar Obligations Expected Normalized* Development of Accrued (in € m) Pension and Similar Obligations (in € m) Other accrued * Assumption: unchanged discount rate 7,285 7,236 pension-related obl. 6,940 176 155 1,190 1,057 Accrued postretire- men
Slide 49: Pension Obligations: Mature Pension Schemes
Pension Obligations: ThyssenKrupp with Mature Pension Schemes Net Periodic Pension Cost vs. Pension Benefit Payments (Defined Benefit Obligations*; FY 2010/11; in € m) * including continued and discontinued operations 45 (124) 126 566 398 351 Interest Expected return (Past) Service cost, Curtailment
Slide 50: ThyssenKrupp Rating
ThyssenKrupp Rating Long term- Short term- Outlook rating rating Standard & Poor’s BB+ B stable Moody’s Baa3 Prime-3 stable Fitch BBB- F3 stable Restoring / maintaining investment grade status with all three rating agencies is key! Presentation ThyssenKrupp May 2012 49 Developing the future.
Slide 51: Steel Europe Key Figures
Steel Europe Key figures 2010/11 2011/12 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 2,929 3,721 3,006 2,688 12,344 2,705 2,990 Sales €m 2,958 3,287 3,518 3,051 12,814 2,530 2,886 EBITDA €m 399 439 458 374 1,670 225 142 EBIT €m 258 300 322 253 1,133 102 21 EBIT adjusted €m 258 300 322 253 1,133 102 30 TK V
Slide 52: Steel Europe: Output, Shipments and Revenues per Metric Ton
Steel Europe: Output, Shipments and Revenues per Metric Ton Crude steel output (incl. share in HKM) 1,000 t/quarter Shipments*: Hot-rolled and cold-rolled products 1,000 t/quarter Cold-rolled HKM share Hot-rolled; incl. slabs 3,553 3,542 3,385 3,349 3,590 3,324 3,431 3,431 3,289 3,142 837 696 865 85
Slide 53: Steel: Inventories and Months of Supply
Steel: Inventories and Months of Supply Inventories and Inventories and Inventories Months of Supply - Europe Months of Supply - USA China 3.0 7 9 4.5 9 Inventories MOS Inventories MOS Inventories [m t] [months] [m st] [months] [m t] 8 8 2.5 6 4.0 7 7 2.0 5 6 3.5 6 5 5 1.5 4 3.0 4 4 1.0 3 3 2.5 3 2
Slide 54: Efficient Operations & Customer Proximity
Efficient Operations & Customer Proximity Business Model ThyssenKrupp Steel Europe (I) Large Multiple Sales volume Scale Niches { Sustained economies of scale Duisburg 41 % { Optimum plant configuration 21 % 38 % { Short distances to key customers with long-standing relations: <5 23 % years 8% 250 k
Slide 55: Premium Product Mix and Attractive Customer Portfolio
Premium Product Mix and Attractive Customer Portfolio Business Model ThyssenKrupp Steel Europe (II) Large Multiple Scale Niches Premium Product Mix Steel Europe FY 2010/11 Sales by Industry Steel Europe FY 2010/11 in % of sales in % of sales Tailored Blanks Construction Hot Strip Others Automotive i
Slide 56: Steel Europe: Portfolio Optimization Tailored Blanks
Steel Europe: Portfolio Optimization ThyssenKrupp Tailored Blanks Company & Products Sales by region RoW 2 { Pioneer, technology and world market leader for laser-welded blanks for the automotive industry Asia/ Germany 28 Pacific 18 (joining of individual steel sheets of different thickness, strengt
Slide 57: Steel Americas Key Figures
Steel Americas Key figures 2010/11 2011/12 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 84 268 503 437 1,293 583 632 Sales €m 86 260 429 364 1,139 498 546 EBITDA €m (328) (211) (95) (252) (886) (205) (139) EBIT €m (378) (319) (190) (2,259) (3,146) (288) (230) EBIT adjusted €m (378) (319) (190) (184) (1,071)
Slide 58: Steel Americas: Transatlantic Steel Concept
Steel Americas: Transatlantic Steel Concept (I) under stra tegic revie w BA Steel Americas BA Steel Europe Targeted major transatlantic production capacities Capacity in Steel Americas Steel m metric tons p.a. Brazil NAFTA Europe** TK Steel USA TK Steel Slabs >5 - 15 ~4 m t Europe finished steel ~16
Slide 59: Steel Americas: Brazil
Steel Americas: Brazil Raw materials Integrated steel mill External sale of electricity Coal Coking Power plant plant Steam { Construction / ramp-up battery C Internal { Repair hot gas electricity ducts Gasholder consumption Coke BF gas Converter gas Pig iron Slabs Brammen USA Sinter plant PIT Iron
Slide 60: Steel Americas: USA
Steel Americas: USA Hot strip Cold rolled Hot strip P&O full-hard HDGL #1 Slabs HDGL #2 Cold strip Pickling line/ annealed Hot strip mill Cold strip mill CSA HDGL #3 Logistics { Exchange of furnace body { IT systems (warranty case) HDGL #4 Hot-dip galvanized Presentation ThyssenKrupp May 2012 59 Dev
Slide 61: Well Positioned in Southeastern United States with Proximity to Mexico
Well Positioned in Southeastern United States with Proximity to Mexico Geographic position of TKS USA, our home market and BF & EAF competitors Mini-Mill Blast Furnace Industry (Non-Auto) Customers Auto Customers TKS USA 1) Size of Industry and Auto bubbles reflect the approximate number of customer
Slide 62: Migration of Automotive Production from North to South
Migration of Automotive Production from North to South – Production in TKS USA home market to exceed pre-crisis-levels by 2012 Light-Vehicle Production NAFTA Light-Vehicle Production Share of TKS USA Home Market in % TKS USA Home Market in million units 50% 8 7 40% 6 5 30% 4 20% 3 2 10% 1 Car produc
Slide 63: Comprehensive Customer Development Activities at TK Steel USA
Comprehensive Customer Development Activities Geared to Market-Oriented Ramp-up at ThyssenKrupp Steel USA Current Focus on Trials/Qualifications % Auto schem SSC at ic Planned 28 30 Gain customer order for approval process Shipments FY by 2010/ FY 11 2013/14 Establish / document technical set-up Cus
Slide 64: Materials Services Key Figures
Materials Services Key figures 2010/11 2011/12 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 3,259 3,918 3,973 3,618 14,768 3,201 3,573 Sales €m 3,311 3,704 3,980 3,781 14,776 3,145 3,408 EBITDA €m 117 197 181 166 661 65 99 EBIT €m 85 163 149 81 478 40 74 EBIT adjusted €m 85 163 149 136 533 40 90 TK Value Ad
Slide 65: Sales by Region & Customer Groups 2010/11
Sales by Region & Customer Groups 2010/11 (Total: €14.8bn) Sales by Region Sales by Customer Groups Trading 19 Germany 41 Other industries 11 Other EU 30 Engineering 13 Construction 9 Rest of Europe 5 NAFTA 19 Automotive 13 Asia 3 Energy 3 South America/ Rest of World 2 Other 10 Steel/steel- 22 (in
Slide 66: Unique Portfolio in Products and Services
Unique Portfolio in Products and Services Sales by products/services (%), FY 2010/11 Materials Services Stainless Steel 14 o trading 6 Pipes & Tubes o warehousing o processing o logistics Carbon Steel 38 15 NF-Metals o materials & inventory management o supply chain 4 Plastics management 11 Raw Mate
Slide 67: Elevator Technology Key Figures
Elevator Technology Key figures 2010/11 2011/12 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 1,306 1,358 1,320 1,297 5,281 1,466 1,541 Sales €m 1,299 1,267 1,298 1,389 5,253 1,348 1,322 EBITDA €m 189 165 168 353 875 132 139 EBIT €m 171 147 151 332 801 113 118 EBIT adjusted €m 171 147 151 172 641 142 132 TK
Slide 68: Regional Market Growth in Key Regions of Elevator Technology
Regional Market Growth in Key Regions of Elevator Technology Growth over 5 years p.a. USA Germany China Growth: Growth: Growth: +4% +1% +7% Spain Growth: India +1% Brazil Growth: Growth: +12% +5% Presentation ThyssenKrupp May 2012 67 Developing the future.
Slide 69: Elevator Technology: Focus on China
Elevator Technology: Focus on China – We Are Growing Faster Than the Market Market (in units)1 Number of projects Railway Subway 300,000 CAGR: 8% planned Airports Stations Systems today ~100 >400 ~200 2006/07 2010/11 2015/16 Order Intake ThyssenKrupp CAGR: 18% 2006/07 2010/11 2015/16 Eton Hotel, Dal
Slide 70: Initiatives Contribute to Grow EBIT Margin to 15%
Initiatives Contribute to Grow EBIT Margin to 15% 1 Asia Initiative: Focus on fast growing markets 2 Service Initiative Multi -purpose facility India under construction Units under Maintenance Continuous improvement of service quality (UuM) 1.3 m UuM + 25% • China: Increase number of branches Innova
Slide 71: Plant Technology Key Figures
Plant Technology Key figures 2010/11 2011/12 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 1,016 896 1,098 1,464 4,474 871 934 Sales €m 897 969 943 1,195 4,004 943 983 EBITDA €m 115 148 149 138 550 134 125 EBIT €m 107 139 131 129 506 125 114 EBIT adjusted €m 107 139 131 129 506 125 115 Ø Capital Employed €m
Slide 72: Plant Technology: Technology Portfolio Offering Growth Potential
Plant Technology: Technology Portfolio Offering Growth Potential Markets Technologies Market Positions Conversion Technologies Customer Products • Gas Reforming • Fertilizers Fertilizers: No.1 • Oil Refining • Organic Chemicals & Polymers: No.2 • Biotechnology Polymers Chemicals • Gasification • Bio
Slide 73: Plant Technology: Reference Projects
Plant Technology: Reference Projects Oil sand mining & processing plant Fertilizer complex 4 fully mobile crushing plants (ammonia & urea) in open pit coal mine Canada SORFERT, Algeria China Power Investm. Group Construction time: ~5 yrs Bodyshop Production Lines and Service contract Volkswagen, Rus
Slide 74: Plant Technology: Selected Orders H1 2011/12
Plant Technology: Selected Orders H1 2011/12 Mining Equipment Minerals System Engineering Semi-mobile Primary Polycoms and Ball Mills New Block Assembly Line Crushing Systems { Copper mine, Zambia { Copper mine, South America { Turnkey project { Capacity: 3,600 tons per hour { Capacity: up to 240,00
Slide 75: Components Technology Key Figures
Components Technology Key figures 2010/11 2011/12 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 1,602 1,795 1,811 1,713 6,921 1,778 1,858 Sales €m 1,599 1,769 1,779 1,761 6,908 1,753 1,880 EBITDA €m 196 186 220 178 780 243 203 EBIT €m 127 114 141 161 543 169 128 EBIT adjusted €m 127 114 141 121 503 103 128 T
Slide 76: Components Technology: Order Intake above Pre-Crisis Levels
Components Technology: Order Intake above Pre-Crisis Levels COMPONENTS TECHNOLOGY Automotive Components Industrial & Construction Machinery Passenger Cars/ Heavy Undercarriages for Large-diameter Light Comm. Vehicles Commercial Vehicles tracked/crawler equipm. bearings & rings Quarterly Order Intake
Slide 77: Components Technology: Quarterly production of passenger vehicles
Components Technology: Quarterly production of passenger vehicles (million) World (annual production PV & LCV) Germany (quarterly production) USA (LCV; quarterly production) Actual Forecast Actual Forecast 87.9 91.7 83.3 1.5 1.5 1.5 1.5 2.6 78.3 1.5 15 1.4 2.4 68.2 715 73.8 2.4 65.0 2.2 2.2 57.5 2.1
Slide 78: Components Technology: Strong Presence and Local Production in China
Components Technology: Strong Presence and Local Production in China Changchun Liaoyang Product: Steering Products: Coil Springs/ columns Stabilizers Shanghai Dalian Beijing Products: Undercarriages Product: Camshafts and components for construction vehicles Xuzhou and Qingdao Shanghai Slewing beari
Slide 79: Components Technology: Portfolio Optimization Waupaca
Components Technology: Portfolio Optimization ThyssenKrupp Waupaca Company & Products Sales by region { Largest global producer for gray, ductile and compacted graphite iron castings for the automotive, agricultural and construction industry America 100 Product examples: % Brake Brake Differential H
Slide 80: Portfolio Optimization Bilstein – Coil Springs & Stabilizers
Components Technology: Portfolio Optimization ThyssenKrupp Bilstein – Division Coil Springs & Stabilizers Divison & Products Sales by region { Global Top 3 solution provider for vertical- and side Asia/Pacific 10 load compensation Germany 31 { Global Top 3 solution provider for roll stabilization Pr
Slide 81: Marine Systems Key Figures
Marine Systems Key figures 2010/11 2011/12 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 426 149 2,155 247 2,977 222 731 Sales €m 504 219 479 291 1,493 366 220 EBITDA €m 51 87 71 28 237 45 66 EBIT €m 46 84 62 22 214 (116) 61 EBIT adjusted €m 46 84 62 22 214 39 78 Ø Capital Employed €m 1,289 1,335 1,344 1,334
Slide 82: Marine Systems: Focused Organization – FY 2011/12
Marine Systems: Focused Organization – FY 2011/12 Business Area Marine Systems Kockums (KAB) Howaldtswerke - Deutsche Werft (HDW) Blohm + Voss Naval (BVN) Karlskrona / Malmö (SWE) Kiel Hamburg Submarines / Naval Surface Vessels Submarines Naval Surface Vessels Sales (€m): ~ 1,200 Employees: ~ 3,900
Slide 83: Discontinued Operations: Stainless Global
Discontinued Operations: Stainless Global Key figures 2010/11 2011/12 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 1,483 1,790 1,360 1,412 6,045 1,372 1,618 Sales €m 1,605 1,856 1,586 1,692 6,739 1,438 1,768 EBITDA €m 48 103 43 (6) 188 (57) (7) EBIT €m 7 59 0 (851) (785) (321) (303) EBIT adjusted €m 7 59 0
Slide 84: Corporate: Overview
Corporate: Overview Corporate 2010/11 2011/12 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 31 33 32 47 143 33 39 Sales €m 31 33 32 47 143 35 37 EBITDA €m (78) (102) (109) (37) (326) (88) (109) EBIT €m (88) (111) (120) (58) (377) (99) (119) OCF €m 258 (452) (18) (553) (766) 221 (340) Employees 2,578 2,649 2,
Slide 85: ThyssenKrupp-specific Key Figures (I): EBIT Definition
ThyssenKrupp-specific Key Figures (I): EBIT Definition Q2 2011/12: Reconciliation “Income from operations” (P&L Structure) to EBIT P&L Structure EBIT definition Net sales 10,613 Net sales 10,613 - Cost of sales 1) (9,326) - Cost of sales 1) (9,326) - SG&A 1), R&D (1,289) - 1) SG&A , R&D (1,289) +/-
Slide 86: Variable Compensation for the Executive Board at ThyssenKrupp
Compensation for the Executive Board at ThyssenKrupp ple { Linked to Group EBT and ROCE Exam tic) Performance period ma (sche (3 fiscal years) Performance in equal parts bonus { A quarter is paid out as phantom stock Share price development with a holding requirement of 3 years FY 1: FY 2: FY 3: Rig
Slide 87: Shareholder Structure
Shareholder Structure Rest AKBH Foundation 25.33% of World 12.11 Europe 12.23 Free Float 74.67 % in % Private International UK/Ireland 9.42 Germany 50.93 Investors 10.00% Mutual Funds 64.67% (incl. AKBH- North Foundation 25.33) America 15.31 Source: ThyssenKrupp Shareholder ID 09/2011, ThyssenKrupp
Slide 88: Our Mission Statement
Our Mission Statement We are ThyssenKrupp – The Technology & Materials Company. Competence and diversity, global reach, and tradition form the basis of our worldwide market leadership. We create value for customers, employees and shareholders. We Meet the Challenges of Tomorrow with our Customers. W
Slide 89: Disclaimer ThyssenKrupp AG
Disclaimer ThyssenKrupp AG “The information set forth and included in this presentation is not provided in connection with an offer or solicitation for the purchase or sale of a security and is intended for informational purposes only. This presentation contains forward-looking statements that are s