Schaeffler Ag · XETR:SHA0
Schaeffler — Investor Day (July 2017)
23 slides from Schaeffler's investor day presentation, Jul 20, 2017
Slide 1: Automotive – Capital Markets Day 2017
Automotive Matthias Zink CEO Automotive July 20, 2017 Capital Markets Day 2017 Bühl
Slide 2: Matthias Zink – Today's Automotive speaker
1 Introduction Matthias Zink – Today's Automotive speaker Matthias Zink (48) CEO Automotive 1994 Joined the Schaeffler Group as research engineer at LuK in Bühl Until 2006 Various leadership positions within the Business Division Transmission Systems 2006 – 2012 Head of the Business Unit Clutc
Slide 3: Automotive division – At a glance
2 Overview Automotive Automotive division – At a glance Sales and EBIT margin Automotive sales by region H1 2017 9,977 10,388 y-o-y growth (FX adjusted) 8,164 8,986 11% Asia/Pacific 5,455 Greater China 17% 5,182 +10.1% (+6.8% ) +20.2% (+22.5% ) 22% 2013 2014 2015 2016 H1 2017 Americas Europe 50% +7.
Slide 4: Automotive chronology – Innovation driven success
2 Overview Automotive Automotive chronology – Innovation driven success Automotive chronology Unique selling points Exemplary highlights Global R&D network and exceptional innovative spirit System expertise with outstanding powertrain and simulation Complexity competencies Strong mechanical ba
Slide 5: Automotive division – Focused on key market drivers
3 Market Development Automotive division– Focused on key market drivers Key market drivers Four Automotive mega trends CO2 and emission 1 legislation Autonomous CO 2 Reduction/ Autonomous Driving ZeroDriving Emission 2 E-Mobility Key Innovation Fields Fierce competition 3 & affordability Connected
Slide 6: Powertrain scenario – The market is moving towards the accelerated scenario
3 Market Development Powertrain scenario – The market is moving towards the accelerated scenario Accelerated Scenario ICE HEV BEV Regionalized Accelerated Scenario 2030 ICE HEV BEV Global vehicle production [in mn units] Global vehicle production [in mn units] CAGR 2010/2030 +2.4% p.a. 120 38 111 10
Slide 7: Hybrid technology – Why do we expect 0%-HEV share in 2030?
3 Market Development Hybrid technology – "Why do we expect 40%-HEV share in 2030?" Accelerated Scenario 2030 Drivers of HEV Range HEV Several HEV architectures ranging from Infrastructure cost efficient 48V solutions up to highly electrified Plug-In Hybrids 48V solutions with high benefit to cos
Slide 8: Powertrain concepts and electrification levels – Wide variety of hybrid solutions
3 Market Development Powertrain concepts and electrification levels – Wide variety of hybrid solutions 30% 40% 30% ICE HEV BEV ICE and Mild Full P-HEV BEV Micro-Hybrid Hybrid Hybrid E-Motor position P0 P2 P3 P4 P0 P2 P3 P4 P0 P2 P3 P4 P0 P2 P3 P4 P0 P2 P3 P4 Voltage 12 Volt 48 Volt High Voltage High
Slide 9: E-Mobility as our key growth driver – series contracts and ongoing customer projects
4 Long-Term Growth Opportunities – E-Mobility E-Mobility as our key growth driver – 8 series contracts and >20 ongoing customer projects North America Europe Greater China ICE HEV BEV 1-Gear Electric Axle Front + Rear Tier 1 SOP Q3/2018 Hybrid Module Tier 1 SOP Q1/2018 2-Gear Electric Axle Rear Tier
Slide 10: E-Mobility – How we ramp up
4 Long-Term Growth Opportunities – E-Mobility E-Mobility – How we ramp up Today ICE HEV BEV 07/2017 01/2018 01/2019 01/2020 01/2021 01/2022 SOP Peak Volume 10 July 20, 2017 Capital Markets Day 2017 – Automotive
Slide 11: Powertrain concepts – Product highlights
4 Long-Term Growth Opportunities Powertrain concepts – Product highlights 30% 40% 30% ICE HEV BEV ICE and Mild Full P-HEV BEV Micro-Hybrid Hybrid Hybrid Hybrid A Module Price: EUR 700 – 1,300 B E-Axle Price: EUR 800 – 1,600 Thermal C Management Price: EUR 40 Module D E-Clutch Price: EUR 110 – 260 Ch
Slide 12: E-Mobility – Hybrid Module
4 Long-Term Growth Opportunities – E-Mobility A E-Mobility – Hybrid Module Hybrid Module product portfolio ICE HEV BEV Our USPs Compact design with integrated & electro-mechanical/hydraulic clutch System solution (Tier 1) Component & modular solution (Tier 1 & 2) 1 2 actuation Potential content ra
Slide 13: E-Mobility – E-Axle
4 Long-Term Growth Opportunities – E-Mobility b E-Mobility – E-Axle B E-Axle product portfolio ICE HEV BEV Our USPs Best-in-class power density System solution (Tier 1) Component & modular solution (Tier 1 & 2) Highly adaptable solution for 48V and High 1 2 Voltage applications, with 1- or 2-spe
Slide 14: E-Mobility – E-Axles & Hybrid Modules with Tier 1 & Tier 2 opportunities
4 Long-Term Growth Opportunities – E-Mobility E-Mobility – E-Axles & Hybrid Modules with Tier 1 & Tier 2 opportunities Key aspects 2 Component & modular solution (Tier 1 & 2) OEMs have the option to in- or outsource their E-Mobility solutions Outsourcing OEMs can use Schaeffler as a Tier 1 suppl
Slide 15: Engine Systems – Thermal Management Module
4 Long-Term Growth Opportunities C Engine Systems – Thermal Management Module Thermal Management Module product portfolio ICE HEV BEV Key aspects Market forecast [mn units] Schaeffler's best in class & highly integrated Thermal Management Module already in series production with large OEMs Impre
Slide 16: Transmission Systems – E-Clutch
4 Long-Term Growth Opportunities D Transmission Systems – E-Clutch E-Clutch product portfolio ICE HEV BEV Key aspects Market forecast [mn units] E-Clutch enables coasting with Manual Transmissions (MT) and saves up to 8% CO2 Highly suited for mild hybridization of the Pedal Force powertrain Emul
Slide 17: Chassis Systems – Various products independent of the powertrain
4 Long-Term Growth Opportunities E Chassis Systems – Various products independent of the powertrain Mechanic components & mechatronic systems ICE HEV BEV Key aspects Chassis components and systems are independent of powertrain concept Strut Bearings Main applications are suspension, Mechatronic
Slide 18: Our growth formula – Why do we believe in continued outperformance?
4 Long-Term Growth Opportunities Our growth formula – Why do we believe in continued outperformance? excl. Aftermarket, Heavy Duty & Motorcycles Content per Vehicle 1) in EUR 1 ICE 2 HEV 3 BEV x 2.5 x 1.5 ~150 x 4.0 ~125 ~100 ~90 ~60 ~25 2016 2025 2016 2025 2016 2025 90 mn 56 mn 3 mn 39 mn 0.5 mn 16
Slide 19: E-Mobility dashboard – Monitoring transition
4 Long-Term Growth Opportunities E-Mobility dashboard – Monitoring transition Status as of Q1 2016 2016 H1 2017 currently under review Market BEV 0.5 (0.6%) 0.4 (0.8%) development1) HEV 2.7 (2.9%) 1.6 (3.3%) Target 2020 in mn Vehicles ICE 89.9 (96.5%) 45.3 (95.9%) # BEV > 2,000 w/o AAM, 1 # HE
Slide 20: Business Division E-Mobility – Better alignment between key activities
4 Long-Term Growth Opportunities Business Division E-Mobility – Better alignment between key activities effective January 1st, 2018 Today As of January 1st, 2018 Market Pre- E-Axle develop- Project ment Project E-Axle Purchasing Culture CN EU Culture Proto- Business Division typing HZA Customer Simu
Slide 21: New order intake – Continuous strong growth
4 Long-Term Growth Opportunities New order intake – Continuous strong growth Automotive OE Order Intake1) Key aspects in bn EUR H1 H2 Introducing the Schaeffler Order Intake – 12.7 the orders taken by the Automotive 12.0 Division4) in a given time period It will be released in half-yearly interv
Slide 22: Outperformance 2020 – 4%-pts. above Market until 2020 confirmed
4 Long-Term Growth Opportunities Outperformance 2020 – 4%-pts. above Market until 2020 confirmed Sales Growth until 2020 Key aspects In 2020 > 95% are either booked business > +4%-pts or customer projects that are already above market1) initiated 3 E-Mobility 6 AAM Key growth drivers 5 iARC DCT, A
Slide 23: Division Automotive – Key messages
5 Outlook and Summary Division Automotive – Key messages Market is shifting towards an accelerated scenario with a strong hybrid 1 powertrain share; Ramp up of eight E-Mobility series contracts plus over twenty ongoing customer projects Diverse product portfolio for all powertrain concepts with an e