Thyssenkrupp Ag · XETR:TKA
Thyssenkrupp — Investor Presentation (February 2011)
86 slides from Thyssenkrupp's investor presentation, February 2011
Slide 1: Presentation ThyssenKrupp February 2011
Presentation ThyssenKrupp February 2011
Slide 2: Agenda
Agenda Group Performance and Financials Business Area Performance Group Outlook Presentation ThyssenKrupp February 2011 1
Slide 3: Q1 2010/11: On Track For Group Targets
Q1 2010/11: On Track For Group Targets Q4 Q1 • Order intake €10.6 bn €11.3 bn • Highest order intake in 2 years Sales €11.5 bn €11.4 bn • Volumes and prices gaining momentum • EBIT adj. €105 m €273 m • Improving structural earning power • All BAs with positive contribution )except Steel Americas, th
Slide 4: Management Focus
Management Focus Efficiency Projects Portfolio • Sustainable cost savings • Steel Americas: • Best owner process and restructuring most • BF #2 fired up on Dec 16 Metal Forming pronounced at Steel Europe, • Continued positive • Best owner process Xervon Components Technology and reactions from all U
Slide 5: Order Intake and Sales
Order Intake and Sales Orderintake)million €, Sales )million €, 41,250 42,621 11,679 11,484 11,370 11,260 10,930 10,373 10,619 9,351 10,107 9,328 Q1 Q4 Q1 Q1 Q4 Q1 2010/11 2010/11 FY Presentation ThyssenKrupp February 2011 4
Slide 6: Improving Structural Earning Power
Improving Structural Earning Power EBITadjusteddevelopment)million €, 696 651 566 425 348 372 273 EBITadj.Group 277 293 105 EBITadj.Group excl.SteelAmericas )71, )79, )130, EBITadj. )320, *378- SteelAmericas Q1 Q4 Q1 2010/11 Presentation ThyssenKrupp February 2011 5
Slide 7: Quarterly EBIT Adjusted and Margin
Quarterly EBIT Adjusted and Margin 2009/10 2010/11 yoy million € Q1 Q4 Q1 Steel Europe 127 193 258 % 5.6 6.6 8.7 Steel Americas )71, )320, )378, % n.a. n.a. n.a. Stainless Global )42, 5 7 % )3.5, 0.3 0.4 Materials Services 48 108 85 % 1.7 3.1 2.6 Elevator Technology 165 156 171 % 13.5 10.9 13.2 Plan
Slide 8: EBIT, EBT, Net Income and EPS
EBIT, EBT, Net Income and EPS EBIT)million €, EBT )million €, 1,346 1,135 500 414 353 313 278 273 217 215 191 145 Q1 Q4 Q1 Q1 Q4 Q1 2010/11 2010/11 Netincome )million €, EPS )€, 927 1.77 FY 298 234 0.58 195 200 0.45 0.35 0.39 101 0.31 Q1 Q4 Q1 Q1 Q4 Q1 2010/11 2010/11 Presentation ThyssenKrupp Febru
Slide 9: Operating Cash Flow
Operating Cash Flow Q12010/11)million €, D/A Deferred 380 *77- taxes *62- Inventories Change *976- in 101 accrued Others pensions *33- OCF Net Trade income Trade accounts accounts receivable payable *84- *400- Other Other provisions assets/ thereof: • Steel Europe )417, *31- liabilities* • Steel Ame
Slide 10: Net Financial Debt
Net Financial Debt Q12010/11)million €, *3,780- *5,814- Gearing thereof: 36.4% • Steel Americas )972, Gearing 51.2% FCF:*2,088- *1,435- NFD Sep 2010 125 *778- OCF Divestments Capex* 54 NFD Others Dec 2010 * Capex for property, plant & equipment, financial & intangible assets and financial investment
Slide 11: 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 February
Slide 12: Focus on Progressively Improving FCF Generation
Focus on Progressively Improving FCF Generation Freecashflowdevelopment)billion €, FCF target more challenging due to: Target2010/11: 2011/12etseq. • NWC expansion - Rising demand FCFbreak-even FCF>0 - Higher raw material costs • Cost increases Steel Americas ! 1.9 0.8 FCFGroupexcl. SteelAmericas *0
Slide 13: Agenda
Agenda Group Performance and Financials Business Area Performance Group Outlook Presentation ThyssenKrupp February 2011 12
Slide 14: Intentionally Left Blank
Intentionally Left Blank Presentation ThyssenKrupp February 2011 13
Slide 15: Steel Europe
Steel Europe Q12010/11Highlights Order intake in €m Shipments in 1,000 t/quarter EBIT in €m Cold-rolled Hot-rolled; incl. slabs 3,167 3,216 3,093 3,142 2,533 2,999 2,929 2,199 2,500 2,706 2,781 2,165 2,000 2,107 258 1,818 218 193 193 127 968 1,051 1,093 1,035 715 Q1 Q4 Q1 Q1 Q4 Q1 Q1 Q4 Q1 2010/11 2
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 3,615 3,553 3,614 3,542 3,513 3,590 3,326 3,392 3,167 3,216 3,093 3,142 873 837 2,96
Slide 17: Steel Americas
Steel Americas Q12010/11Highlights Order intake in €m in 1,000 t/quarter EBIT in €m 430 Slab production CSA 36 Q4 Q1 *71- *79- *130- 09/10 10/11 *320- *378- 84 Shipments 0 23 24 22 115 Steel USA 2 Q1 Q4 Q1 Q1 Q4 Q1 Q4 Q1 09/10 10/11 2010/11 2010/11 CommentsQ1*qoq- Currenttradingconditions Increasing
Slide 18: Steel Americas: Improvements from Trough Level Performance
Steel Americas: Improvements from Trough Level Performance EBIT EBIT EBIT Q1 FY FY2011/12E 2010/11 2010/11E etseq. Inparticularcokeplant- relatedhighercosts *esp.inH1-: Progressively €*378-m • repairs improving • slowerramp-up • utilization, • higherconsumption • mix, ofimportedcoke • higherconsumpt
Slide 19: Stainless Global
Stainless Global Q12010/11Highlights Order intake in €m Shipments in 1,000 t/quarter EBIT in €m Cold-rolled; incl. precision strip Hot-rolled; incl. slabs 576 504 534 81 456 482 7 5 1,560 447 1,483 412 *42- 1,317 1,301 357 364 404 *101- 943 147 129 122 92 78 Q1 Q4 Q1 Q1 Q4 Q1 Q1 Q4 Q1 2010/11 2010/1
Slide 20: 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 576
Slide 21: Materials Services
Materials Services Q12010/11Highlights Order intake in €m EBIT in €m EBIT EBIT adjusted 3,695 3,370 3,059 3,259 158 2,681 129 108 68 85 48 Q1 Q4 Q1 Q1 Q4 Q1 2010/11 2010/11 CommentsQ1*qoq- Currenttradingconditions Stable order intake in industrial metals and processing- Continuing support from autom
Slide 22: Elevator Technology
Elevator Technology Q12010/11Highlights Order intake in €m EBIT in €m 1,390 1,306 171 1,230 1,264 165 163 162 1,215 156 Q1 Q4 Q1 Q1 Q4 Q1 2010/11 2010/11 CommentsQ1*qoq- Currenttradingconditions Higher order intake driven by growth in Asia/Pacific; Improving environment in OU Americas, strong New In
Slide 23: Plant Technology
Plant Technology Q12010/11Highlights Order intake in €m EBIT in €m 1,324 911 1,016 111 824 98 102 107 800 90 Q1 Q4 Q1 Q1 Q4 Q1 2010/11 2010/11 CommentsQ1*qoq- Currenttradingconditions Good order intake across all businesses, esp. strong in Order backlog of €6.5 bn )1.7x sales, mining equipment busin
Slide 24: Components Technology
Components Technology Q12010/11Highlights Order intake in €m EBIT in €m EBIT EBIT adjusted 1,584 1,602 127 1,337 1,563 113 1,169 58 73 66 57 56 Q1 Q4 Q1 Q1 Q4 Q1 2010/11 2010/11 CommentsQ1*qoq- Currenttradingconditions Sales and order intake remaining at high levels in Record levels for German car i
Slide 25: Marine Systems
Marine Systems Q12010/11Highlights Order intake in €m EBIT in €m EBIT EBIT adjusted 426 174 33 27 103 139 21 46 110 108 16 18 8 *9- Q1 Q4 Q1 Q1 Q1 Q4 2010/11 2010/11 CommentsQ1*qoq- Currenttradingconditions Resumption/completion of Greek submarine orders Order backlog of €5.4 bn )mainly in submarine
Slide 26: Agenda
Agenda Group Performance and Financials Business Area Performance Group Outlook Presentation ThyssenKrupp February 2011 25
Slide 27: Outlook FY 2010/11 – Group
Outlook FY 2010/11 – Group 42,621 Sales Increase *million €- by10-15% 2009/10 2010/11E 1,241* EBITadjusted ~€2bn* *million €- 2009/10 2010/11E SteelAmericas: SteelAmericas: €*600-m* Higherthree-digitmillion€ negative* *FiguresarebasedonthemodifiedEBIT-definition Presentation ThyssenKrupp February 20
Slide 28: 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 Continued reduction of structural overcapacities Ramp-up and optimization of Steel Americas and FCF target more challenging
Slide 29: Financial Calendar – FY 2010/11
Financial Calendar – FY 2010/11 February Roadshows London )14th,, Frankfurt )15th,, Madrid )16th,, New York )17th-18th,, Vienna )17th,, Munich )18th,, Geneva )21st,, Paris )22nd,, Milan )23rd,, Lugano )24th,, Zurich )25th, March Conferences Exane “Basic Materials Seminar”, London )22nd, HSBC “Europe
Slide 30: 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 31: Agenda Appendix
Agenda Appendix Presentation ThyssenKrupp February 2011 30 Developing the future.
Slide 32: ThyssenKrupp Group
ThyssenKrupp Group ThyssenKrupp* FY 2009/10: Sales €42.6 bn • EBIT* €1,346 m • TKVA €)419, m • Employees 177,346 *TheTKGroupconsistsof>800legallyindependentcompanies,organized,existingandoperatingunderthelawsof70countries,ultimatelyledbyTKAG. Steel Sales: €10.8bn Steel €68m Stainless €5.9bn Material
Slide 33: Group Overview (I)
Group Overview )I, 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Order intake €m 9,328 10,373 10,930 10,619 41,250 11,260 Sales €m 9,351 10,107 11,679 11,484 42,621 11,370 EBITDA €m 683 622 845 619 2,769 645 EBIT €m 353 278 500 215 1,346 273 EBIT adjusted €m 277 293 566 105 1,241 273 EBT €m 313 191 414 217 1,13
Slide 34: Group Overview (II)
Group Overview )II, 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Capital expenditures* €m 777 738 942 1,053 3,510 778 Depreciation/amort. €m 331 346 349 412 1,437 380 Operating cash flow €m )308, 184 )24, 1,016 868 )1,435, Cash flow from divestm. €m 488 17 16 31 552 125 Cash flow from investm. €m )777, )738, )
Slide 35: 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/ 8,086 7,492 Otheraccrued 8,086 *Assumption:unchangeddiscountrate pension-related obl. 285 248 Accrued postretire- 1,257 ment oblig.other
Slide 36: Pension Obligations: TK with Mature Pension Schemes
Pension Obligations: TK with Mature Pension Schemes Net Periodic Pension Cost vs. Pension Benefit Payments -DefinedBenefitObligations;FY2009/10;in€ m/ )119, 108 569 398 387 Interest Expectedreturn -Past/Servicecost, Netperiodic Pensionbenefit cost onplanassets other P+Leffects* pensioncost payments
Slide 37: 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% 25.2% Equity ratio 55.2% 34.0% 2.2% *8.4-% *2.1-% 13.8% 21.2% 36.4% 51.2% Gearing 11,489 11,351 10,447 10,388 Equity 9,696 8,927 8,327 7,671 7,944 5,814 4,235 3,780 2,833 2,059 1,5
Slide 38: Solid Financial Situation – No Short-Term Refinancing Needs
Solid Financial Situation – No Short-Term Refinancing Needs LiquidityanalysisandmaturityprofileofgrossfinancialdebtasofDecember31,2010)million €, 6,808 Available committed 3,939 Total: 8,683 credit facilities Cash and 1,946 2,037 1,787 cash equivalents 2,869* 1,401 1,021 491 9 months 2011/12 2012/13
Slide 39: ThyssenKrupp Rating
ThyssenKrupp Rating Long term- Short term- Outlook rating rating Standard & Poor’s BB+ B stable rade Upg ook l Out 2010/ Moody’s Baa3 Prime-3 stable -Dec Fitch BBB- F3 stable Restoring/maintaininginvestmentgradestatus withallthreeratingagenciesiskey! Presentation ThyssenKrupp February 2011 38 Develo
Slide 40: 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 41: Outlook FY 2010/11 – Business Areas
Outlook FY 2010/11 – Business Areas Steel Europe Elevator Technology Continuing good capacity utilization; Continuing high earnings contribution improvement in shipments and thanks to high orders in hand and average selling prices steady maintenance business Steel Americas Plant Technology Negative
Slide 42: Steel Europe
Steel Europe Keyfigures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Order intake €m 2,500 2,999 2,706 2,781 10,986 2,929 Sales €m 2,281 2,667 2,887 2,935 10,770 2,958 EBITDA €m 274 339 359 329 1,301 399 EBIT €m 127 193 218 193 731 258 EBIT adjusted €m 127 193 218 193 731 258 TK Value Added €m 248 Ø Capital Em
Slide 43: 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& SteelEurope Quarterly 24 48 200 >1year 180 160 15 Half-year 140 CRU 120 SalesbyIndustryFY2009/10 in % 100 Others Aut
Slide 44: 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 mt months m st months mt 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 1 1 0.0
Slide 45: 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 46: Premium Product Mix Generates Above-Average Revenues
Premium Product Mix Generates Above-Average Revenues Large Multiple Revenues/t €/t Scale Niches */ excl.MetalForming 1,000 BASteelEurope*, 900 PremiumProductMixSteelEuropeFY2009/10 in%ofsales 800 Tailored Blanks Construction 700 HotStrip Elements major 13 7 3 600 Medium-wideStrip Tinplate European 7
Slide 47: Steel Americas
Steel Americas Keyfigures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Order intake €m 0 23 24 22 69 84 Sales €m 0 23 24 21 68 86 EBITDA €m )70, )78, )119, )297, *564- )328, EBIT €m )71, )79, )130, )320, *600- )378, EBIT adjusted €m )71, )79, )130, )320, *600- )378, TK Value Added €m *1,111- Ø Capital Employed
Slide 48: 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 BlastFurnace Industry Non-Auto Customers Auto Customers TKSUSA 1/SizeofIndustryandAuto bubblesreflecttheapproximate numberofcustomerlocationsin th
Slide 49: 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 inmillionunits 50% 8 7 40% 6 5 30% 4 20% 3 2 10% 1 0% Car production in 0 0
Slide 50: Transatlantic Steel Concept
Transatlantic Steel Concept BASteelAmericas BASteelEurope Targetedmajortransatlanticproductioncapacities Capacity in SteelAmericas Steel m metric tons p.a. Brazil NAFTA Europe** TKSteel Slabs >5 - 15 TKSteel USA Europe Hot-rolled - >5* 17 ~3mt ~2mt Cold-rolled - 2.5 10 Coated - 1.8 8 TKCSA ~5mt * in
Slide 51: ThyssenKrupp CSA
ThyssenKrupp CSA Presentation ThyssenKrupp February 2011 50 Developing the future.
Slide 52: Comprehensive Customer Development Activities
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 53: Stainless Global
Stainless Global Keyfigures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Order intake €m 943 1,560 1,317 1,301 5,121 1,483 Sales €m 1,210 1,461 1,708 1,522 5,901 1,605 EBITDA €m )4, )60, 121 46 103 48 EBIT €m )42, )101, 81 5 *57- 7 EBIT adjusted €m )42, )101, 81 5 *57- 7 TK Value Added €m *323- Ø Capital Emplo
Slide 54: Secure and Consolidate – Step 1: Relocate Benrath to Krefeld
Secure and Consolidate – Step 1: Relocate Benrath to Krefeld TKStainlessproductionfootprintinGermany Effects from relocation concept ofBenrath production toKrefeldsite Forwardstrategy onferritics highproduct quality globalmarket leader Krefeld Bochum* Required Capex:~€240m Melt shop 600Tt Melt shop
Slide 55: Structural Market Logic for TK Stainless USA
Structural Market Logic for TK Stainless USA Moderate,butstablegrowthofNAFTAstainlessdemand ImportsreflectstructuralsupplygapintheUS O000tCRP O000tCRP 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
Slide 56: Increasing Non-Volatile Customer Bases
Increasing Non-Volatile Customer Bases Sales structure within ThyssenKrupp Stainless StainlessSteelSalesbyCustomerGroup GeneralStainlessSteelContractStructure Household OthersTubes Applications 47 8 Automotive Short Term Contracts 13 <0.5 year 40% Metal 9 Processing 51 8 SSC/Trading White Goods base
Slide 57: Stainless Global: Price Development and Import Situation
Stainless Global: Price Development and Import Situation Pricedevelopment:recoverygainingsustainability Cold-rolled imports from third countries X000t/MonthY EUR/t BasePriceEU* US$/t Asia Americas Others 5,000 55,000 56.9 59.0 AlloySurchargeEU 51.9 44.8 44.5 44.6 45.5 44.3 Nickel 50,000 41.9 42.3 42
Slide 58: 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 59: Materials Services
Materials Services Keyfigures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Order intake €m 2,681 3,059 3,695 3,370 12,805 3,259 Sales €m 2,760 2,881 3,598 3,524 12,763 3,311 EBITDA €m 168 101 191 150 610 117 EBIT €m 129 68 158 108 463 85 EBIT adjusted €m 48 68 158 108 382 85 TK Value Added €m 193 Ø Capital Emp
Slide 60: Materials Services: Price Development
Materials Services: Price Development Rolled Steel €/t Stainless Steel€/t 1,000 3,500 940 Sections / broad flanged beam 3,248 900 Cold rolled sheets 855 Galvanized sheets 800 800 Quarto plates )R37-2, 3,000 2,847 700 590 600 550 2,500 540 2,650 500 420 400 2,000 300 280 1,626 200 1,500 Stainless col
Slide 61: Elevator Technology
Elevator Technology Keyfigures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Order intake €m 1,230 1,215 1,390 1,264 5,099 1,306 Sales €m 1,226 1,221 1,313 1,428 5,188 1,299 EBITDA €m 182 180 180 185 727 189 EBIT €m 165 163 162 156 646 171 EBIT adjusted €m 165 163 162 156 646 171 TK Value Added €m 461 Ø Capital
Slide 62: 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 global maintenance platforms Focus on Service & Modernization 1,000,000 Standardization of processes >100,000 EBIT a
Slide 63: 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 64: 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 65: Plant Technology
Plant Technology Keyfigures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Order intake €m 1,324 824 800 911 3,859 1,016 Sales €m 954 940 970 1,067 3,931 897 EBITDA €m 119 106 99 116 440 115 EBIT €m 111 98 90 102 401 107 EBIT adjusted €m 111 98 90 102 401 107 Ø Capital Employed €m 333 368 378 365 365 303 OCF €m
Slide 66: 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&OilRefining Fertilizers,Org.Chemicals &Polymers Polymers: No.2 Biotechnology Biopolymers Gasification ElectricPower;Fuel Coke PlantTec
Slide 67: 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 68: Plant Technology: Selected Orders Q1 2010/11
Plant Technology: Selected Orders Q1 2010/11 ChemicalPlants CementPlants MiningEquipment Constructionof Cementgrindingmill CoalHandlingPlant newcokeovenbattery -turnkey/ Capacity:1.2mt/y Capacity:175t/h Insidepowerplantboundary Customer:HKM Customer:LAGCEM, -4x600MW/ -Hüttenwerke Krupp CruzAzul,Mexi
Slide 69: Components Technology
Components Technology Keyfigures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Order intake €m 1,169 1,337 1,584 1,563 5,653 1,602 Sales €m 1,237 1,344 1,568 1,575 5,724 1,599 EBITDA €m 124 144 144 154 566 196 EBIT €m 57 73 66 56 252 127 EBIT adjusted €m 57 73 113 58 301 127 TK Value Added €m 14 Ø Capital Emplo
Slide 70: 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 71: 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 87.9 83.8 86.1 1.5 1.5 79.8 1.4 74.5 1.4 1.4 2.4 68.2 69.2 65.0 57.4 1.3 2.0 2.0 1.9 1.9 1.8 Q1 Q
Slide 72: Intentionally Left Blank
Intentionally Left Blank Presentation ThyssenKrupp February 2011 71 Developing the future.
Slide 73: Marine Systems
Marine Systems Keyfigures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Order intake €m 110 139 108 174 531 426 Sales €m 254 287 423 247 1,211 504 EBITDA €m 21 33 19 106 179 51 EBIT €m 16 18 8 103 145 46 EBIT adjusted €m 21 33 27 )9, 72 46 Ø Capital Employed €m 1,151 1,159 1,165 1,174 1,174 1,289 OCF €m )124, 1
Slide 74: Marine Systems: Target Structure
Marine Systems: Target Structure Exit from civil shipbuilding; focus on naval engineering and submarines Howaldtswerke Deutsche Werft Blohm + Voss Naval Blohm + Voss Shipyards & Services )HDW, )BVN, )BVSS, Kiel Hamburg Emden Hamburg Submarines Naval Mega Yachts Container Naval Service Mega Yachts Co
Slide 75: Corporate: Overview
Corporate: Overview Corporate 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Order intake €m 31 31 32 38 132 31 Sales €m 31 30 32 38 131 31 EBITDA €m )58, )58, )69, )61, *246- )78, EBIT €m )65, )71, )76, )80, *291- )88, OCF €m )33, )964, 192 )22, *827- 257 Employees 2,325 2,447 2,496 2,597 2,597 2,578 Presentati
Slide 76: Business Area Overview – Quarterly Order Intake
Business Area Overview – Quarterly Order Intake 2009/10 2010/11 million € Q1 Q2 Q3 Q4 FY Q1 Steel Europe 2,500 2,999 2,706 2,781 10,986 2,929 Steel Americas 0 23 24 22 69 84 Stainless Global 943 1,560 1,317 1,301 5,121 1,483 Materials Services 2,681 3,059 3,695 3,370 12,805 3,259 Elevator Technology
Slide 77: Business Area Overview – Quarterly Sales
Business Area Overview – Quarterly Sales 2009/10 2010/11 million € Q1 Q2 Q3 Q4 FY Q1 Steel Europe 2,281 2,667 2,887 2,935 10,770 2,958 Steel Americas 0 23 24 21 68 86 Stainless Global 1,210 1,461 1,708 1,522 5,901 1,605 Materials Services 2,760 2,881 3,598 3,524 12,763 3,311 Elevator Technology 1,22
Slide 78: Business Area Overview – Quarterly EBITDA
Business Area Overview – Quarterly EBITDA 2009/10 2010/11 million € Q1 Q2 Q3 Q4 FY Q1 Steel Europe 274 339 359 329 1,301 399 Steel Americas )70, )78, )119, )297, *564- )328, Stainless Global )4, )60, 121 46 103 48 Materials Services 168 101 191 150 610 117 Elevator Technology 182 180 180 185 727 189
Slide 79: Business Area Overview – Quarterly EBIT
Business Area Overview – Quarterly EBIT 2009/10 2010/11 million € Q1 Q2 Q3 Q4 FY Q1 Steel Europe 127 193 218 193 731 258 adjusted 127 193 218 193 731 258 Steel Americas )71, )79, )130, )320, *600- )378, adjusted )71, )79, )130, )320, *600- )378, Stainless Global )42, )101, 81 5 *57- 7 adjusted )42,
Slide 80: Quarterly EBIT adjusted and Margin
Quarterly EBIT adjusted and Margin 2009/10 2010/11 million € Q1 Q2 Q3 Q4 FY Q1 Steel Europe 127 193 218 193 731 258 % 5.6 7.2 7.6 6.6 6.8 8.7 Steel Americas )71, )79, )130, )320, *600- )378, % n.a. n.a. n.a. n.a. n.a. n.a. Stainless Global )42, )101, 81 5 *57- 7 % )3.5, )6.9, 4.7 0.3 *1.0- 0.4 Mater
Slide 81: Business Area Overview – Quarterly Operating Cash Flow
Business Area Overview – Quarterly Operating Cash Flow 2009/10 2010/11 million € Q1 Q2 Q3 Q4 FY Q1 Steel Europe )123, 235 152 329 593 )433, Steel Americas )171, )93, )221, )361, *847- )585, Stainless Global )100, 88 )261, 57 *216- )308, Materials Services )82, )101, )24, 538 330 )497, Elevator Techn
Slide 82: Special Items
Special Items BusinessArea 2009/10 2010/11 *million€- Q1 Q2 Q3 Q4 FY Q1 MaterialsServices: Disposal Gain TKIN and Safway 81 81 ComponentsTechnology: Restructuring Bilstein )26, )5, *31- Restructuring Berco )17, 2 *15- Restruturingtotal )43, )3, *46- Impairment Bilstein )3, 1 *2- Impairment Berco )1,
Slide 83: ThyssenKrupp-specific Key Figures (I): EBIT Definition
ThyssenKrupp-specific Key Figures )I,: EBIT Definition Q1 2010/11: Reconciliation “Income from operations” )P&L Structure, to EBIT P&L Structure EBIT definition Netsales 11,370 Netsales 11,370 - Costofsales1, -9,815/ - Costofsales1, -9,815/ - SG&A1, -1,283/ - SG&A 1, -1,283/ +/- Otheroperatingincome
Slide 84: ThyssenKrupp-specific Key Figures (II): EBIT/EBT adjusted & TKVA
ThyssenKrupp-specific Key Figures )II,: EBIT/EBT adjusted & TKVA EBIT/EBTadjusted*=KeyPerformanceIndicatorofThyssenKrupp- Earnings adjustedforspecial,nonrecurringitems: Special items to be eliminated include disposal gains/losses, restructuring expense, impairment losses, other non-operating expense
Slide 85: Shareholder Structure – by Region
Shareholder Structure – by Region Treasury Shares 9.70% Rest of World 0.74% Europe 10.04% Germany 59.45% )incl. AKBH- Foundation 25.33%, UK/Ireland 10.32% North America 9.75% Source:ThyssenKruppShareholderID09/2010,ThyssenKruppAGMregistrations Presentation ThyssenKrupp February 2011 84 Developing th
Slide 86: 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