Slide 1: Transformation progressing – Solid Q3 in a challenging environment
Transformation progressing – Solid Q3 in a challenging environment Miguel Ángel López Borrego, CEO thyssenkrupp AG Jens Schulte, CFO thyssenkrupp AG thyssenkrupp AG | Conference Call Q3 2023/24
Slide 2: Status update on Management priorities
Status update on Management priorities Build-up Decarbon Technologies for future growth opportunities Executing stand-alone Accelerating APEX across solutions for Steel Europe all businesses and and Marine Systems adapting to market needs Restructuring in GER and Intensifying focus on further growth
Slide 3: Management summary Q3 23/24
Management summary Q3 23/24 • Steel Europe: 50/50 Joint Venture with EPCG progressing Portfolio − Closing of initial 20% stake successfully completed − Further 30% stake currently negotiated • Marine Systems: Due diligence phases progressing (KfW, PE) as well as spin-off in elaboration Performance •
Slide 4: Performance highlights
Performance highlights Solid Q3 in challenging markets Sales EBIT adj. Margin FCF bef. M&A Q3 €9.0 -6% YoY bn €149 mn -39% YoY Incl. ~€80 mn 1.7% €-256 mn €-602 mn YoY ~€170 mn neg. one-time govt. DRI effects at DT funding not included 9M €26.2 -9% YoY bn €416 mn -32% YoY 1.6% €-983 mn €-749 mn YoY
Slide 5: Balance sheet highlights
Balance sheet highlights Our Group transformation journey is backed by a strong balance sheet and enabling us to capture strategic opportunities Net cash Pensions Equity ratio €3.2 bn €5.7 bn 38.7 % €-1.1 bn YTD +€0.2 bn YTD -0.2%-pts. YTD Lower QoQ (€-0.2 bn) Providing financial flexibility while n
Slide 6: Q3 Group performance
Q3 Group performance Solid Q3 in a challenging environment Sales -6% € bn 9.6 9.1 9.0 • Ongoing muted demand across materials and auto-related businesses • Continuously rising sales at Decarbon Technologies EBIT adj. -94 Incl. ~€80 mn 243 neg. one-time € mn; % 184 effects at DT • Rather stable ex ne
Slide 7: AT: Performance increase in an ongoing challenging market environment
AT: Performance increase in an ongoing challenging market environment Order intake [€ mn] Comments Q3 YoY -9% • Weakening in construction machinery and project 2,063 1,890 1,886 business as well as in parts of serial business (customer and model related) • Product update: BWI Group and tk Steering c
Slide 8: DT: Higher sales due to good order book
DT: Higher sales due to good order book Order intake [€ mn] Comments Q3 YoY -27% 1,097 • tk nucera up, Rothe Erde almost stable 695 800 • Plant engineering business down due to customer- induced project postponements vs. strong prior year Sales [€ mn] +10% • Plant engineering business in total up su
Slide 9: MX: Higher earnings despite challenging market environment especially in Europe
MX: Higher earnings despite challenging market environment especially in Europe Shipments1 [kt] Comments Q3 YoY -6% • Shipments down due to ongoing low demand in 1,142 1,153 1,077 distribution business mainly in Europe Sales [€ mn] -5% • Lower price levels in virtually all product groups and 3,346 3
Slide 10: SE: Lower spot-market price levels and lower shipments partly offset by improved cost base
SE: Lower spot-market price levels and lower shipments partly offset by improved cost base Shipments [kt] Comments Q3 YoY -9% • Shipments lower, mainly driven by low demand 2,552 2,478 2,322 from industrial businesses (e.g. pipe industry and steel service centers), stabilization of demand from packa
Slide 11: MS: Performance of key metrics well on track
MS: Performance of key metrics well on track Order intake [€ mn] Comments Q3 YoY • Above prior year due to several service orders, +20% e.g. spare parts and repair 117 140 141 • Still high visibility by order backlog of €11.8 bn Sales [€ mn] -9% 480 532 438 • Reflects development in execution of pro
Slide 12: Q3 BCF by segment and bridge to Group FCF bef. M&A
Q3 BCF by segment and bridge to Group FCF bef. M&A Govt. DRI funding payment at SE received after Q3 (in July) -29 -4 -177 -509 +86 -12 +37 -608 +28 -23 -602 YoY comments 83 AT Higher earnings and lower 81 investments; PY with pos. effect from settlement cash-in -46 DT Stable development as lower ea
Slide 13: Adjusted outlook FY 23/24
Adjusted outlook FY 23/24 Efficiency improvement measures on the back of APEX cannot fully compensate continued challenging market environment FY 22/23 Outlook FY 23/24 Sales €37.5 bn Decline by between 6% to 8% (prior: Below the prior-year) >€500 mn (prior: Increase to a figure in the high 3-digit
Slide 14: Q&A Session
Q&A Session ® engineering. tomorrow. together. thyssenkrupp
Slide 15: Disclaimer thyssenkrupp AG
Disclaimer thyssenkrupp AG This presentation has been prepared by thyssenkrupp AG (“thyssenkrupp”) and comprises the written materials/slides for a presentation concerning thyssenkrupp. By attending this presentation and/or reviewing the slides you agree to be bound by the following conditions. The