Thyssenkrupp Ag · XETR:TKA
Thyssenkrupp — Investor Presentation (December 2010)
100 slides from Thyssenkrupp's investor presentation, December 2010
Slide 1: Presentation ThyssenKrupp December 2010
Presentation ThyssenKrupp December 2010
Slide 2: 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
Slide 3: ThyssenKrupp Group: Higher Transparency
ThyssenKrupp Group: Higher Transparency ThyssenKrupp* FY 2009/10: Sales €42.6 bn • EBIT* €1,336 m • TKVA €,429- m • Employees 177,346 * 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:
Slide 4: Agenda
Agenda Group Performance and Financials Business Area Performance Group Outlook Presentation ThyssenKrupp December 2010 3 Developing the future.
Slide 5: FY 2009/10: Key Achievements
FY 2009/10: Key Achievements Sales EBTadjusted NetWorking Capital Capex Slight improvement €1,030m Target Actual €3 bn - €3.5 bn €3,510m ,vs. €40,563 m- €42,621m Mid to higher three-digit €m positive €,910.m Increase of Target Actual Target Actual ~ €1 bn Target Actual Presentation ThyssenKrupp Dece
Slide 6: Management Focus
Management Focus Efficiency Projects Portfolio • €1.5 bn sustainable cost savings • Americas: Transition from • Exit from Industrial Services since crisis by reducing project phase to operations • TKIN and Safway sold structural overcapacities • 1st coil • Best owner process Xervon • Additional rest
Slide 7: Order Intake and Sales: FY 2008/09 and FY 2009/10
Order Intake and Sales: FY 2008/09 and FY 2009/10 Orderintake,million €- Sales ,million €- 35,970 41,250 40,563 42,621 10,930 10,619 11,679 11,484 10,373 9,883 10,107 9,328 9,351 7,515 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY Presentation ThyssenKrupp December 2010 6 Developing the future.
Slide 8: EBIT* and EBT: FY 2008/09 and FY 2009/10
EBIT* and EBT: FY 2008/09 and FY 2009/10 EBIT*,million €- EBIT*adjusted ,million €- 1,336 1,231 497 563 353 273 277 288 213 103 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 EBT,million €- EBTadjusted,million €- ,2,364- 1,135 ,1,076- 1,030 Q4 313 191 414 217 480 Q4 237 206 107 Q1 Q2 Q3 Q4 ,1,377- Q1 Q2 Q3 Q4 ,570- FY * M
Slide 9: Quarterly EBIT* adjusted and Margin
Quarterly EBIT* adjusted and Margin 2009/10 million € Q1 Q2 Q3 Q4 FY Steel Europe 126 191 217 192 726 % 5.5 7.2 7.5 6.5 6.7 Steel Americas ,71- ,79- ,129- ,320- ,600- % n.a. n.a. n.a. n.a. n.a. Stainless Global ,42- ,101- 81 5 ,58- % ,3.5- ,6.9- 4.7 0.3 ,1.0- Materials Services 48 68 158 108 381 % 1
Slide 10: Operating Cash Flow
FY,million €- Operating Cash Flow D/A Deferred 1,437 taxes 158 Inventories Q42009/10,million €- ,1,445. ,317. Trade Others accounts Other Change in ,277. payable assets/ Trade liabilities* accrued accounts 1,231 927 pensions 70 868 receivable ,696. ,220. Other provisions Net OCF income Trade 78 1,01
Slide 11: Net Financial Debt
Net Financial Debt thereof: Q42009/10,million €- • Steel Europe 126 • Steel Americas 530 ,3,753. thereof: ,3,780. TK CSA 306 FCF:,6. NAFTA Steel 261 Gearing • Stainless Global 101 34.3% 32 ,1,053. thereof: Gearing 1,015 NAFTA Stainless 87 36.4% • Materials Services 50 Divestments • Elevator Technolo
Slide 12: Tight Capex Management Going Forward
Tight Capex Management Going Forward Cashflowsfrominvestingactivities,billion €- SteelandStainless 4.2 4.1 AmericasProjects Focus: Capex 3.5 Positive FCF 3.0 2.0 Depreciation 0.3 0.3 0.2 0.6 0.7 Divestments 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11E 2011/12E Presentation ThyssenKrupp December
Slide 13: Focus on Progressively Improving FCF Generation
Focus on Progressively Improving FCF Generation Freecashflowdevelopment,billion €- Target2010/11: 2011/12etseq. FCFbreak-even FCF>0 1.9 0.8 FCFGroupexcl. SteelAmericas FCFSteelAmericas ,0.2. FCFGroup ,2.1. ,2.1. ,2.9. 2008/09 2009/10 2010/11E 2011/12E Presentation ThyssenKrupp December 2010 12 Devel
Slide 14: Agenda
Agenda Group Performance and Financials Business Area Performance Group Outlook Presentation ThyssenKrupp December 2010 13 Developing the future.
Slide 15: Steel Europe
Steel Europe Q42009/10Highlights Order intake in €m EBT in €m EBT adjusted in €m EBIT* in €m 2,999 2,781 ,273. 183 189 2,706 104 163 2,500 2,324 Q3 Q4 191 217 192 ,339. 126 Q3 Q4 Q3 Q4 2009/10 2009/10 2009/10 CommentsQ4,qoq. Currenttradingconditions Efficiency gains and higher average revenues High
Slide 16: Steel Europe: Output, Shipments and Revenues per Metric Ton
Steel Europe: Output, Shipments and Revenues per Metric Ton Crudesteeloutput,incl.shareinHKM. 1,000 t/quarter Shipments*:Hot-rolledandcold-rolledproducts 1,000 t/quarter Cold-rolled HKM share Hot-rolled; incl. slabs 3,459 3,615 3,553 3,614 3,392 3,483 3,513 3,590 3,194 3,326 2,964 3,167 3,216 3,093
Slide 17: Unique Steel Site Configuration in Europe
Unique Steel Site Configuration in Europe: 17 m tpy Capacity at one Site Large Multiple Sales volume Scale Niches Duisburg 41 % 21 % 38 % Sustainedeconomiesofscaleinthe metallurgicalprocess Excellentplantconfigurationwith 23 % highesttechnologystandards 250 km 18 % Optimumspecializationandlogistics
Slide 18: Premium Product Mix Generates Above-Average Revenues
Premium Product Mix Generates Above-Average Revenues Large Multiple Revenues/t €/t Scale Niches *, excl. Metal Forming 1,000 BASteelEurope*- 900 PremiumProductMixSteelEuropeFY2009/10 in % of sales 800 Tailored Blanks Construction 700 HotStrip Elements major 13 7 3 600 Medium-wideStrip Tinplate Europ
Slide 19: Steel Americas
Steel Americas Q42009/10Highlights EBT in €m EBIT* in €m ThyssenKrupp CSA Blow in BF #1 on July 12, 2010 Q3 Q4 Q3 Q4 1st slab produced on September 7, 2010 ,4. ,32. ,62. ,71. ,79. ~36,000 t of slabs produced in September ,129. ,222. ,339. 1st CSA slabs arrived at Duisburg port on ,320. October 27 1s
Slide 20: 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 IndustryNon-AutoCustomers AutoCustomers TKSUSA 1, Size of Industry and Auto bubbles reflect the approximate number of customer locat
Slide 21: 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-VehicleProductionNAFTA Light-VehicleProduction ShareofTKSUSAHomeMarket in % TKSUSAHomeMarket in million units 50% 8 7 40% 6 5 30% 4 20% 3 2 10% 1 0% 0 00 02 04 06 08 1
Slide 22: Steel Americas: Progressively Improving Utilization, Mix, Profitability and Cash Generation
Steel Americas: Progressively Improving Utilization, Mix, Profitability and Cash Generation Transition Optimization FY2010/11e FY 2011/12e FY 2012/13e et seq. • ~50% utilization • >80% utilization • ~5 m t slabs Volumes • ~4.3 m t finished steel shpmts • High share of HRC for Steel • Progressive shi
Slide 23: Stainless Global
Stainless Global Q42009/10Highlights Order intake in €m EBT in €m EBT adjusted in €m EBIT* in €m 81 1,560 1,317 1,301 ,69. 64 5 1,155 ,42. Q3 Q4 943 ,59. ,9. ,114. ,101. ,117. Q3 Q4 Q3 Q4 2009/10 2009/10 2009/10 CommentsQ4,qoq. Currenttradingconditions Weaker earnings due to slightly lower transacti
Slide 24: Stainless Global: Output, Shipments and Average Transaction Price
Stainless Global: Output, Shipments and Average Transaction Price Crude steel output* 1,000 t/quarter Shipments Stainless*: Hot-rolled and cold-rolled products 1,000t/quarter * including carbon, forging, Ni-Alloys Cold-rolled, including slabs * consolidated Hot-rolled, including precision strip 567
Slide 25: Optimization of Footprint in Germany: Relocation of Benrath to Krefeld
Optimization of Footprint in Germany: Relocation of Benrath to Krefeld TKStainlessproductionfootprintinGermany Effectsfromre-locationconcept ofBenrath productiontoKrefeldsite Forwardstrategyonferritics Highproductquality Globalmarketleader Krefeld Bochum* Melt shop 600 Tt Melt shop 800 Tt Cold-rolli
Slide 26: Structural Market Logic for Stainless USA
Structural Market Logic for Stainless USA Moderate,butstablegrowthofNAFTAstainlessdemand ImportsreflectstructuralsupplygapintheUS H000tCRI H000tCRI 2,250 500 ActualApparentConsumption CRUForecast,August2010. 2,000 400 1,750 1,750 34% 300 300 23% 24% 26% 26% 1,500 200 1,250 20% 16% 100 1,000 750 0 20
Slide 27: Materials Services
Materials Services Q42009/10Highlights Order intake in €m EBT in €m EBT adjusted in €m EBIT* in €m EBIT* adjusted in €m 3,695 48 3,370 112 144 3,059 60 95 2,881 ,19. 31 165 2,681 158 ,91. Q3 Q4 161 129 108 157 68 Q3 Q4 Q3 Q4 2009/10 2009/10 2009/10 CommentsQ4,qoq. Currenttradingconditions Very stabl
Slide 28: Elevator Technology
Elevator Technology Q42009/10Highlights Order intake in €m EBT in €m EBT adjusted in €m EBIT* in €m 1,390 124 1,230 1,264 1,215 155 153 1,101 151 143 165 162 161 157 96 Q3 Q4 Q3 Q4 Q3 Q4 2009/10 2009/10 2009/10 CommentsQ4,qoq. Currenttradingconditions Asia/Pacific with growing order intake in new Ne
Slide 29: Plant Technology
Plant Technology Q42009/10Highlights Order intake in €m EBT in €m EBT adjusted in €m EBIT* in €m 1,324 911 95 111 824 800 78 103 73 97 90 463 62 37 ,2. Q3 Q4 Q3 Q4 Q3 Q4 2009/10 2009/10 2009/10 CommentsQ4,qoq. Currenttradingconditions Good order intake esp. with chemical plants; Order backlog of €6.
Slide 30: Plant Technology: Selected Order Intakes Q4 2009/10
Plant Technology: Selected Order Intakes Q4 2009/10 ChemicalPlants CementPlants MiningEquipment Construction of Cement plant new coke oven battery Stacker & Reclaimer *turnkey, Capacity: 890,000 t/y Capacity: 1,600 tpd Capacity: Stacker 10,000 t/h; Customer: US Steel Customer: Cementos Reclaimer 15,
Slide 31: Components Technology
Components Technology Q42009/10Highlights Order intake in €m EBT in €m EBT adjusted in €m EBIT* in €m EBIT* adjusted in €m 105 113 58 58 43 63 58 56 1,584 1,563 1,337 ,104. 1,169 73 972 66 ,363. 57 56 Q3 Q4 Q3 Q4 Q3 Q4 2009/10 2009/10 2009/10 CommentsQ4,qoq. Currenttradingconditions Sales and order
Slide 32: Components Technology: Recovery of Order Intake
Components Technology: Recovery of Order Intake COMPONENTSTECHNOLOGY 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 Quarterly Or
Slide 33: Marine Systems
Marine Systems Q42009/10Highlights Order intake in €m EBT in €m EBT adjusted in €m EBIT* in €m EBIT* adjusted in €m ~1,000 110 139 108 174 Q3 Q4 8 ,5. ,4. 78 ,840. ,45. ,10. ,7. ,34. 102 ,23. 20 32 26 ,343. 15 17 7 ,10. Q3 Q4 Q3 Q4 2009/10 2009/10 2009/10 CommentsQ4,qoq. Currenttradingconditions Hel
Slide 34: Marine Systems: Target Structure
Marine Systems: Target Structure Exit from civil shipbuilding; focus on naval engineering and submarines Howaldtswerke Deutsche Werft Blohm + Voss Nordseewerke Blohm + Voss Shipyards & Services ,HDW- ,BVN- ,BVSS- Kiel Hamburg Emden Hamburg Submarines Naval Mega Yachts Container Naval Service Compone
Slide 35: Agenda
Agenda Group Performance and Financials Business Area Performance Group Outlook Presentation ThyssenKrupp December 2010 34 Developing the future.
Slide 36: Outlook FY 2010/11 – Group
Outlook FY 2010/11 – Group 42,621 Sales Increase ,million €. by10-15% 2009/10 2010/11E 1,231* EBITadjusted ~€2bn* ,million €. 2009/10 2010/11E SteelAmericas: SteelAmericas: Mid-range €,600.m* three-digit-million€ negative * Figures are based on the modified EBIT-definition Presentation ThyssenKrupp
Slide 37: Group: The Way Back to Sustainable Value Creation
Group: The Way Back to Sustainable Value Creation FY 2009/10 FY 2010/11 FY 2011/12 et seq. Value Creation ValueCreation Profitability FCFbreak-even FCF>0 Strong cost control Strong cost control Realization of sustainable Continued reduction of structural overcapacities cost savings Ramp-up and optim
Slide 38: Financial Calendar – FY 2010/11
Financial Calendar – FY 2010/11 December Conferences Goldman Sachs “Steel Conference 2010”, New York ,1st- Goldman Sachs “Inaugral UK & European Capital Goods Conference”, London ,6th- Roadshows Frankfurt ,6th-, London ,15th-16th- SteelandStainlessPlantOpening,Alabama,9th-10th. Sell-side Briefing Ja
Slide 39: Appendix
Appendix Presentation ThyssenKrupp December 2010 38 Developing the future.
Slide 40: EBIT Replaces EBT as KPI; EBIT Definition Modified
EBIT Replaces EBT as KPI; EBIT Definition Modified from Oct 1, 2010 EBT unchanged, reported exclusively at Group level Previous definition EBIT Modified definition EBIT Netsales 42,621 Netsales 42,621 - Cost of sales 1- *36,259, - Cost of sales 1- *36,259, - SG&A 1- *5,018, - SG&A 1- *5,018, +/- Oth
Slide 41: Reconciliation EBITDA previous vs. modified definition
Change in ThyssenKrupp Key Performance Indicator: Reconciliation EBITDA previous vs. modified definition 2009/10 Previous definition EBITDA Modified definition EBITDA EBITDA 3,224 EBITDA 2,758 -/+ Depreciation/Amortization *1,422, -/+ Depreciation/Amortization *1,422, - Depreciation on capitalized i
Slide 42: Effects at Group Level from Modified EBIT-Definition
Effects at Group Level from Modified EBIT-Definition EBITadjusted,D&Aandinterest,million €- EBIT adj. previous def. EBIT adj. modified def. ~2,000 1,682 1,231 2009/10 2010/11E Depreciation & ,1,437- ,1,422- ~ ,1,800- Amortization “Interest” ,652- ,201- ~ ,700- yoy change mainly ∆ €,451- m - lower ca
Slide 43: Group Overview (I) – Previous definition
Group Overview ,I- Previous definition 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 12,887 7,642 7,926 7,515 35,970 9,328 10,373 10,930 10,619 41,250 Sales €m 11,522 9,859 9,299 9,883 40,563 9,351 10,107 11,679 11,484 42,621 EBITDA €m 764 142 ,180- ,534- 192 808 700 935 781 3,224 EB
Slide 44: Group Overview (I) – Modified definition
Group Overview ,I- Modified definition 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 12,887 7,642 7,926 7,515 35,970 9,328 10,373 10,930 10,619 41,250 Sales €m 11,522 9,859 9,299 9,883 40,563 9,351 10,107 11,679 11,484 42,621 EBITDA €m 764 142 ,180- ,534- 192 683 617 843 616 2,758 EB
Slide 45: Group Overview (II)
Group Overview ,II- 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Capital expenditures* €m 1,105 931 898 1,143 4,077 777 738 942 1,053 3,510 Depreciation/amort. €m 357 418 417 663 1,854 331 346 348 412 1,437 Operating cash flow €m ,860- 1,483 1,331 1,745 3,699 ,308- 184 ,23- 1,015 868 Cash flow from
Slide 46: Net Income and EPS: FY 2008/09 and FY 2009/10
Net Income and EPS: FY 2008/09 and FY 2009/10 Netincome,million €- EPS,€- ,1,873- 927 ,4.01- 1.77 298 200 Q4 0.58 Q4 195 234 0.35 0.45 0.39 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 ,1,044- ,2.28- FY Presentation ThyssenKrupp December 2010 45 Developing the future.
Slide 47: Dividend Payout and Dividend per Share
Dividend Payout and Dividend per Share Dividendpayout,million €- Dividendpershare ,€- 635 603 1.30 1.30 489 1.00 209* 0.45* 139 0.30 05/06 06/07 07/08 08/09 09/10 05/06 06/07 07/08 08/09 09/10 * Proposal to General Stockholders‘ Meeting Presentation ThyssenKrupp December 2010 46 Developing the futur
Slide 48: Earnings Recovery Driven by Realization of Sustainable Cost Savings
Earnings Recovery Driven by Realization of Sustainable Cost Savings Realizedsustainablecostsavings ,billion €- Targetedsustainable costsavings,billion €- ~1.8 1.5– 2.0 ~1.5 ~1.4 ~1.3 ~1.0 ~1.2 ~0.8 sustain- able FY Q1 H1 9M FY FY 2008/09 2009/10 2009/10 2009/10 2009/10 2010/11E Presentation ThyssenK
Slide 49: Operating Cash Flow
Operating Cash Flow DevelopmentofoperatingcashflowinFY2009/10 *million €, D/A Deferred 1,437 taxes 158 ,1,445. Change Others in ,277. accrued pensions Other ,317. Trade 1,231 assets/ 927 accounts liabilities* 868 receivable ,220. 70 Inventories Other provisions Net OCF income ,696. Trade accounts pa
Slide 50: Net Financial Debt
Net Financial Debt DevelopmentofnetfinancialdebtinFY2009/10*million €, FCF:,2,090. ,2,059. ,3,780. Gearing 552 ,3,510. thereof: • Steel Europe 286 21.2% • Steel Americas 2,054 Gearing 868 thereof: 36.4% CSA 1,041 Divestments NAFTA Steel 1,050 • Stainless Global 344 thereof NAFTA Stainless 271 • Mate
Slide 51: Balance Sheet Structure
Balance Sheet Structure Netfinancialposition,equityandratios,million €- 25.4% 26.7% 22.1% 24.5% 27.4% 27.6% 23.4% 23.8% Equity ratio 55.2% 34.0% 2.2% ,8.4.% ,2.1.% 13.8% 21.2% 36.4% Gearing 11,489 10,447 10,388 Equity 9,696 8,927 8,327 7,944 7,671 4,235 3,780 2,833 2,059 1,584 Net financial 177 ,747
Slide 52: Solid Financial Situation – No Short-Term Refinancing Needs
Solid Financial Situation – No Short-Term Refinancing Needs LiquidityanalysisandmaturityprofileofgrossfinancialdebtasofSeptember30,2010,million €- 8,333 Available committed 4,652 credit facilities Total: 7,461 Cash and 3,681* 1,825 1,683 cash equivalents 1,434 1,297 937 285 2010/11 2011/12 2012/13 2
Slide 53: ThyssenKrupp Rating
ThyssenKrupp Rating Long term- Short term- Outlook rating rating Standard & Poor’s BB+ B stable Moody’s Baa3 Prime-3 negative Fitch BBB- F3 stable Restoring/maintaininginvestmentgradestatus withallthreeratingagenciesiskey! Presentation ThyssenKrupp December 2010 52 Developing the future.
Slide 54: Outlook FY 2010/11 – Business Areas
Outlook FY 2010/11 – Business Areas Steel Europe Elevator Technology Continuing good capacity utilization; Continuing high earnings contributions thanks to improvement in shipments and average high orders in hand and steady maintenance selling prices business Steel Americas Plant Technology Negative
Slide 55: Steel Europe – Previous definition
Steel Europe Previous definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,866 1,479 2,223 2,324 7,892 2,500 2,999 2,706 2,781 10,986 Sales €m 2,848 2,326 2,151 2,245 9,570 2,281 2,667 2,887 2,935 10,770 EBITDA €m 518 277 ,147- ,161- 487 275 327 342 341 1,285 EBIT €m
Slide 56: Steel Europe – Modified definition
Steel Europe Modified definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,866 1,479 2,223 2,324 7,892 2,500 2,999 2,706 2,781 10,986 Sales €m 2,848 2,326 2,151 2,245 9,570 2,281 2,667 2,887 2,935 10,770 EBITDA €m 518 277 ,147- ,161- 487 273 338 358 328 1,296 EBIT €m
Slide 57: Steel Europe: Long Term Customer Relations Establish Lower Volatility
Steel Europe: Long Term Customer Relations Establish Lower Volatility SalesbyMaturityQ42009/10 in % PriceIndexFlat Steel Index ,Q3 1997 = 100- Spot 260 13 240 220 ThyssenKrupp Annual& 200 SteelEurope Quarterly 24 48 >1year 180 160 15 Half-year 140 CRU 120 SalesbyIndustryFY2009/10 in % 100 Others Aut
Slide 58: Steel: Inventories and Months of Supply
Steel: Inventories and Months of Supply Inventoriesand Inventoriesand Inventories MonthsofSupply- Europe MonthsofSupply- USA China 3.0 7 9 4.5 9 Inventories MOS Inventories MOS Inventories HmtI HmonthsI HmstI HmonthsI HmtI 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 2 0.5 2 2.0
Slide 59: Steel Americas – Previous definition
Steel Americas Previous definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 0 0 0 0 0 0 23 24 22 69 Sales €m 0 0 0 0 0 0 23 24 21 68 EBITDA €m ,40- 0 10 ,43- ,73. 38 8 ,14- ,134- ,102. EBIT €m ,42- 0 9 ,44- ,77. 37 7 ,26- ,163- ,145. EBIT adjusted €m ,42- 0 9 ,44- ,77
Slide 60: Steel Americas – Modified definition
Steel Americas Modified definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 0 0 0 0 0 0 23 24 22 69 Sales €m 0 0 0 0 0 0 23 24 21 68 EBITDA €m ,40- 0 10 ,43- ,73. ,70- ,78- ,119- ,297- ,564. EBIT €m ,42- 0 9 ,44- ,77. ,71- ,79- ,129- ,320- ,600. EBIT adjusted €m ,42-
Slide 61: Blast Furnaces #1 & #2 at ThyssenKrupp CSA
Blast Furnaces #1 & #2 at ThyssenKrupp CSA Presentation ThyssenKrupp December 2010 60 Developing the future.
Slide 62: Comprehensive Customer Development Activities at ThyssenKrupp Steel USA
Comprehensive Customer Development Activities Geared to Market-Oriented Ramp-up at ThyssenKrupp Steel USA Around1,500customersvisits % Auto SSC 31 29 Shipments by ramp FY Customer -up 2013/14 9 90 Industries 11 13 4 12 Pipe& 4 Tube 141 57 98 3 2 7 10 10 69 Yellow 7 14 26 22 Goods Constr- White 80 7
Slide 63: Stainless Global – Previous definition
Stainless Global Previous definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 967 818 1,207 1,155 4,147 943 1,560 1,317 1,301 5,121 Sales €m 1,173 988 1,030 1,295 4,486 1,210 1,461 1,708 1,522 5,901 EBITDA €m ,189- ,251- ,98- ,62- ,600. ,3- ,61- 122 52 110 EBIT €m ,22
Slide 64: Stainless Global – Modified definition
Stainless Global Modified definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 967 818 1,207 1,155 4,147 943 1,560 1,317 1,301 5,121 Sales €m 1,173 988 1,030 1,295 4,486 1,210 1,461 1,708 1,522 5,901 EBITDA €m ,189- ,251- ,98- ,62- ,600. ,4- ,61- 121 46 102 EBIT €m ,22
Slide 65: Stainless: Inventories and Stock Reach
Stainless: Inventories and Stock Reach Germany,cold-rolled products. USA,hot- andcold-rolled products allshapes. Stocklevel:INDEXJan2005=100 Stocklevel:INDEXJan2005=100 StockReach:Calendar Days StockReach:Calendar Days 160 160 Inventories Inventories StockReach StockReach 140 140 AverageStockReach A
Slide 66: Increasing Non-Volatile Customer Bases
Increasing Non-Volatile Customer Bases Sales structure within ThyssenKrupp Stainless StainlessSteelSalesbyCustomerGroup GeneralStainlessSteelContractStructure Household OthersTubes Applications 47 8 Automotive ShortTermContracts 13 <0.5year 40% Metal 9 Processing 51 8 SSC/Trading WhiteGoods based on
Slide 67: Materials Services – Previous definition
Materials Services Previous definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 4,016 2,719 2,469 2,881 12,085 2,681 3,059 3,695 3,370 12,805 Sales €m 3,995 3,109 2,751 2,960 12,815 2,760 2,881 3,598 3,524 12,763 EBITDA €m 100 ,46- ,64- ,28- ,38. 168 103 190 148 609 E
Slide 68: Materials Services – Modified definition
Materials Services Modified definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 4,016 2,719 2,469 2,881 12,085 2,681 3,059 3,695 3,370 12,805 Sales €m 3,995 3,109 2,751 2,960 12,815 2,760 2,881 3,598 3,524 12,763 EBITDA €m 100 ,46- ,64- ,28- ,38. 167 101 191 150 609 E
Slide 69: Elevator Technology – Previous definition
Elevator Technology Previous definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,562 1,189 1,186 1,101 5,038 1,230 1,215 1,390 1,264 5,099 Sales €m 1,343 1,293 1,328 1,344 5,308 1,226 1,221 1,313 1,428 5,188 EBITDA €m 174 165 183 118 640 171 168 168 152 659 EBIT €m
Slide 70: Elevator Technology – Modified definition
Elevator Technology Modified definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,562 1,189 1,186 1,101 5,038 1,230 1,215 1,390 1,264 5,099 Sales €m 1,343 1,293 1,328 1,344 5,308 1,226 1,221 1,313 1,428 5,188 EBITDA €m 174 165 183 118 640 182 179 179 186 726 EBIT €m
Slide 71: Strategic Direction of Elevator Technology
Strategic Direction of Elevator Technology Performance Improvement Growth of Service Business Efficient and global production network Units under Harmonized product portfolio based on maintenance global platforms Focus on Service & Modernization 1,000,000 Standardization of processes >100,000 EBIT*
Slide 72: Fundamental Trends for Demand in the Elevator Industry
Fundamental Trends for Demand in the Elevator Industry Population Safety/ 1 2 Urbanization 3 Aging 4 Energy efficiency Growth People People People 60+ 1950 1980 2010 2050 1950 1980 2010 2050 1950 1980 2010 2050 2.5 bn 9.1 bn 0.7 bn 6.3 bn 0.2 bn 2.0 bn SNEL Regulation* More people demand for safe tr
Slide 73: Growth Markets India & China
Growth Markets India & China Infrastructure Projects Provide Growth Opportunities until 2019/20 India China Railway Subway Railway Subway Airports Stations Systems Airports Stations Systems Number of Number of projects 100 150 100 projects ~100 >400 ~200 Sales by Region - Asia 350 Sales in Asia > 70
Slide 74: Intentionally Left Blank
Intentionally Left Blank Presentation ThyssenKrupp December 2010 73 Developing the future.
Slide 75: Plant Technology – Previous definition
Plant Technology Previous definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,751 517 807 463 3,538 1,324 824 800 911 3,859 Sales €m 1,078 1,187 1,101 1,084 4,450 954 940 970 1,067 3,931 EBITDA €m 81 66 58 1 206 90 67 57 73 287 EBIT €m 72 57 49 ,15- 163 82 59 48 60
Slide 76: Plant Technology – Modified definition
Plant Technology Modified definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,751 517 807 463 3,538 1,324 824 800 911 3,859 Sales €m 1,078 1,187 1,101 1,084 4,450 954 940 970 1,067 3,931 EBITDA €m 81 66 58 1 206 119 106 98 115 439 EBIT €m 72 57 49 ,15- 163 111 97 90
Slide 77: Plant Technology: Technology Portfolio Offering Growth Potential
Plant Technology: Technology Portfolio Offering Growth Potential OU Technologies MarketPositions Uhde Conversion Technologies Customer Products Fertilizers: No.1 Gas & Oil Refining Fertilizers, Org. Chemicals & Polymers Polymers: No.2 Biotechnology Biopolymers Gasification Electric Power; Fuel Coke
Slide 78: Plant Technology: Growth Trend Oil Sand Mining
Plant Technology: Growth Trend Oil Sand Mining Global Crude Oil Reserves by Country ,bn barrels- Bitumen Production in Canadian Open-Pit Mines mill bbl/d 300 2 Canada,mainly oil sand. Actual Forecast 250 1.5 200 150 1 100 0.5 50 0 0 Saudi- Iran Kuwait Russia Nigeria USA Arabia 2005 2010 2015 2020 20
Slide 79: Plant Technology: Order for Oil Sand Mining Equipment
Plant Technology: Order Q3 2009/10 for Oil Sand Mining Equipment Largest Single Order in the History of Fördertechnik Customer: Imperial Oil Turn-key order for engineering, procurement, construction & commissioning of oil sand preparation plant, consisting of: • New-generation crushing plant • 3 lar
Slide 80: Plant Technology: Recovery of Relevant End Products & Markets
Plant Technology: Recovery of Relevant End Products & Markets Chemicalplantengineering:Petrochemicalplants Chemicalplantengineering:Fertilizerplants Price development selected petrochemical products *€/t, Price development selected fertilizer precursors *US$/t, CausticSoda PVC Ethylene Ammonia Urea
Slide 81: Components Technology – Previous definition
Components Technology Previous definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,290 1,016 899 972 4,177 1,169 1,337 1,584 1,563 5,653 Sales €m 1,299 1,100 1,063 1,141 4,603 1,237 1,344 1,568 1,575 5,724 EBITDA €m 137 37 ,6- ,133- 35 124 143 145 154 566 EBIT €m 66
Slide 82: Components Technology – Modified definition
Components Technology Modified definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,290 1,016 899 972 4,177 1,169 1,337 1,584 1,563 5,653 Sales €m 1,299 1,100 1,063 1,141 4,603 1,237 1,344 1,568 1,575 5,724 EBITDA €m 137 37 ,6- ,133- 35 124 143 144 154 565 EBIT €m 66
Slide 83: Components Technology: Quarterly Production of Passenger Vehicles
Components Technology: Quarterly Production of Passenger Vehicles XmillionY World *annual production PV & LCV, Germany *quarterly production, USA *LCV; quarterly production, Actual Forecast Actual Forecast 83.8 86.1 87.9 1.5 1.5 79.8 1.5 1.4 2.5 74.5 1.4 68.2 69.2 1.4 1.4 2.3 65.0 1.3 57.4 1.3 1.3 2
Slide 84: Components Technology: Pioneering Project for Offshore Wind Technology
Components Technology: Participating in Pioneering Project for Offshore Wind Technology OFFSHOREWINDFARM„ALPHAVENTUS“ PARTICIPATIONCOMPONENTSTECHNOLOGY Germany’s first offshore wind farm Single-source supplier for 45 km away from coast in waters 30 m deep 6 “Multibrid M5000” wind turbines: Comprises
Slide 85: Marine Systems – Previous definition
Marine Systems Previous definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,856 193 ,339- ,840- 870 110 139 108 174 531 Sales €m 546 371 321 356 1,594 254 287 423 247 1,211 EBITDA €m 42 ,90- ,93- ,178- ,319. ,1- 11 ,11- 84 83 EBIT €m 32 ,115- ,123- ,337- ,543. ,6- ,
Slide 86: Marine Systems – Modified definition
Marine Systems Modified definition Keyfigures 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,856 193 ,339- ,840- 870 110 139 108 174 531 Sales €m 546 371 321 356 1,594 254 287 423 247 1,211 EBITDA €m 42 ,90- ,93- ,178- ,319. 20 32 17 106 175 EBIT €m 32 ,115- ,123- ,337- ,543. 15 17
Slide 87: Corporate/Consolidation: Overview – Previous definition
Corporate/Consolidation: Overview Previous definition Corporate/Consolidation 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m ,421- ,289- ,526- ,541- ,1,777. ,629- ,783- ,694- ,767- ,2,873. Sales €m ,760- ,515- ,446- ,542- ,2,263. ,571- ,717- ,812- ,835- ,2,935. EBITDA €m ,59- ,16- ,23
Slide 88: Corporate/Consolidation: Overview – Modified definition
Corporate/Consolidation: Overview Modified definition Corporate/Consolidation 2008/09 2009/10 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m ,421- ,289- ,526- ,541- ,1,777. ,629- ,783- ,694- ,767- ,2,873. Sales €m ,760- ,515- ,446- ,542- ,2,263. ,571- ,717- ,812- ,835- ,2,935. EBITDA €m ,59- ,16- ,23
Slide 89: Business Area Overview – Quarterly Order Intake
Business Area Overview – Quarterly Order Intake 2008/09 2009/10 million € Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Europe 1,866 1,479 2,223 2,324 7,892 2,500 2,999 2,706 2,781 10,986 Steel Americas 0 0 0 0 0 0 23 24 22 69 Stainless Global 967 818 1,207 1,155 4,147 943 1,560 1,317 1,301 5,121 Materials Se
Slide 90: Business Area Overview – Quarterly Sales
Business Area Overview – Quarterly Sales 2008/09 2009/10 million € Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Europe 2,848 2,326 2,151 2,245 9,570 2,281 2,667 2,887 2,935 10,770 Steel Americas 0 0 0 0 0 0 23 24 21 68 Stainless Global 1,173 988 1,030 1,295 4,486 1,210 1,461 1,708 1,522 5,901 Materials Servi
Slide 91: Business Area Overview – Quarterly EBITDA (Previous)
Business Area Overview – Quarterly EBITDA Previous definition 2008/09 2009/10 million € Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Europe 518 277 ,147- ,161- 487 275 327 342 341 1,285 Steel Americas ,40- 0 10 ,43- ,73. 38 8 ,14- ,134- ,102. Stainless Global ,189- ,251- ,98- ,62- ,600. ,3- ,61- 122 52 110 M
Slide 92: Business Area Overview – Quarterly EBITDA (Modified)
Business Area Overview – Quarterly EBITDA Modified definition 2008/09 2009/10 million € Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Europe 518 277 ,147- ,161- 487 273 338 358 328 1,296 Steel Americas ,40- 0 10 ,43- ,73. ,70- ,78- ,119- ,297- ,564. Stainless Global ,189- ,251- ,98- ,62- ,600. ,4- ,61- 121 46
Slide 93: Business Area Overview – Quarterly EBIT (Previous)
Business Area Overview – Quarterly EBIT Previous definition 2008/09 2009/10 million € Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Europe 362 128 ,296- ,328- ,134. 126 179 200 204 709 adjusted 371 131 ,156- ,262- 84 126 179 200 204 709 Steel Americas ,42- 0 9 ,44- ,77. 37 7 ,26- ,163- ,145. adjusted ,42- 0 9
Slide 94: Business Area Overview – Quarterly EBIT (Modified)
Business Area Overview – Quarterly EBIT Modified definition 2008/09 2009/10 million € Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Europe 362 128 ,296- ,328- ,134. 126 191 217 192 726 adjusted 371 131 ,156- ,262- 84 126 191 217 192 726 Steel Americas ,42- 0 9 ,44- ,77. ,71- ,79- ,129- ,320- ,600. adjusted ,4
Slide 95: Business Area Overview – Quarterly EBT
Business Area Overview – Quarterly EBT 2008/09 2009/10 million € Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Europe 345 109 ,312- ,339- ,197. 104 163 183 189 639 adjusted 354 112 ,172- ,273- 21 104 163 183 189 639 Steel Americas ,76- ,22- ,19- ,99- ,216. ,4- ,32- ,62- ,222- ,320. adjusted ,76- ,22- ,19- ,99
Slide 96: Business Area Overview – Quarterly Operating Cash Flow
Business Area Overview – Quarterly Operating Cash Flow 2008/09 2009/10 million € Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Europe ,790- 279 576 588 653 ,123- 235 152 329 593 Steel Americas ,39- ,55- 15 69 ,10. ,171- ,93- ,221- ,361- ,847. Stainless Global ,319- 262 122 183 248 ,100- 88 ,261- 57 ,216. Mate
Slide 97: Special Items (I)
Special Items ,I- BusinessArea 2008/09 2009/10 ,million€. Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY SteelEurope: Restructuring Metal Forming ,9- ,3- ,10- ,38- ,60. Restructuring TK Steel ,125- ,1- ,126. Restructuring Color/Construction ,5- ,18- ,23. Restructuringtotal ,9- ,3- ,140- ,57- ,209. Impairment Metal F
Slide 98: Special Items (II)
Special Items ,II- BusinessArea 2008/09 2009/10 ,million€. Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY PlantTechnology: Restructuring System Engineering ,1- ,22- ,23. Restructuring Transrapid ,5- ,10- ,15. Restructuringtotal ,5- ,1- ,32- ,38. Impairment Transrapid ,7- ,7. ComponentsTechnology: Restructuring Forgi
Slide 99: Shareholder Structure – by Region
Shareholder Structure – by Region Treasury Shares 9.74% Rest of World 0.74% Europe 10.04% Germany 59.41% ,incl. AKBH- Foundation 25.33%- UK/Ireland 10.32% North America 9.75% Source: ThyssenKrupp Shareholder ID 09/2010, ThyssenKrupp AGM registrations Presentation ThyssenKrupp December 2010 98 Develo
Slide 100: 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