thyssenkrupp AG · XETR:TKA
thyssenkrupp — Cheuvreux 11th German Corporate Conference 2012
102 slides from thyssenkrupp's conference presentation, Jan 16, 2012
Slide 1: Cheuvreux 11th German Corporate Conference
Cheuvreux 11th German Corporate Conference Frankfurt - January 16, 2012 Guido Kerkhoff, CFO
Slide 2: Agenda
Agenda { Group Performance and Financials { Group Outlook { Strategic Development Program at ThyssenKrupp Cheuvreux 11th German Corporate Conference Frankfurt - January 16, 2012 Guido Kerkhoff, CFO 1 Developing the future.
Slide 3: Strong Operating Performance and Progress in Strategic Development
Strong Operating Performance and Progress in Strategic Development Sales before SG* carve-out / continued operations €49.1 bn +15% / 43.4 bn +15% EBIT adj. before SG* carve-out / continued operations €1.8 bn +42% / 1.8 bn +36% • thereof Steel Americas: €(1.07) bn Profit & Cash • 5 of 7 BAs with sign
Slide 4: Again Strong Demand For Our Products and Services in FY 2010/11
Again Strong Demand For Our Products and Services in FY 2010/11 Order intake (million €) Sales (million €) +22% +15% +22% +15% 50,247 49,092 45,118 41,250 42,621 37,711 43,356 37,013 2009/10 2010/11 2009/10 2010/11 2009/10 2010/11 2009/10 2010/11 before Stainless Global continued before Stainless Gl
Slide 5: EBIT FY 2010/11 Impacted by Significant Non-Cash Charges
EBIT FY 2010/11 Impacted by Significant Non-Cash Charges EBIT adjusted (million €) EBIT (million €) Impairment related non-cash charges • €(2.1) bn AM* +42% +36% • €(0.8) bn SG* goodwill/IFRS 5 and other special items of €124 m excluded from FY 2010/11 EBIT adj. 1,762 1,762 -2,334 -1,586 1,346 1,398
Slide 6: Majority of Earnings Provided by Technologies Businesses
Majority of Earnings Provided by Technologies Businesses EBIT adjusted 2009/10 2010/11 Contribution EBIT adjusted Q4: yoy million € Q4 FY Q3 Q4 FY (excl. Corp./Cons.) Steel Europe 193 731 322 253 1,133 million € % 6.6 6.8 9.2 8.3 8.8 Steel Americas (320) (600) (190) (184) (1,071) 205 % n.a. n.a. n.a
Slide 7: Slight Improvement in Gearing Despite Significant Impairment Charges
Slight Improvement in Gearing Despite Significant Impairment Charges Net financial position, equity and ratios (million €) Equity ratio 27.4% 27.6% 23.4% 23.8% 23.8% Gearing (2.1)% 13.8% 21.2% 36.4% 34.5% 11,489 Equity 10,447 10,388 10,382 • Non-cash character 9,696 of impairment charges • Actuarial
Slide 8: Further Progress in Reducing NFD
Further Progress in Reducing NFD Q4 2010/11 (million €) (6,249) thereof: (3,578) • Steel Europe 696 • Steel Americas (451) Gearing • Materials Services 881 57.6% Gearing 34.5% before SG* carve-out: 1,037 FCF [continued operations: 823] (pro-forma) 1,631 278 (822) NFD 1,581 Sep 2011 Divestments 3 Cap
Slide 9: FCF Development: Focus on Progressively Improving FCF Generation
FCF Development: Focus on Progressively Improving FCF Generation (billion €) 1.5 1.0 0.1 0.7 0.2 (1.1) (0.8) (0.5) (0.5) (1.0) (0.7) 2011/12 et seq. (2.1) aim at NFD reduction 1.9 Q1 Q2 Q3 Q4 1.1 0.8 FCF Group excl. Steel Americas (0.2) FCF Steel Americas (1.6) FCF Group (2.1) (2.1) (2.7) (2.9) 2008
Slide 10: Solid Financial Situation – No Short-Term Refinancing Needs
Solid Financial Situation – No Short-Term Refinancing Needs Liquidity analysis and maturity profile of gross financial debt as of September 30, 2011 (million €) 8,264 Available committed 4,690 Total: 7,152 credit facilities Cash and 1,950 3,574* 1,724 cash equivalents 1,478 971 596 433 2011/12 2012/
Slide 11: Agenda
Agenda { Group Performance and Financials { Group Outlook { Strategic Development Program at ThyssenKrupp Cheuvreux 11th German Corporate Conference Frankfurt - January 16, 2012 Guido Kerkhoff, CFO 10 Developing the future.
Slide 12: Sovereign Debt Crisis Already Led to Ripple Effects in Real Economy
Sovereign Debt Crisis Already Led to Ripple Effects in Real Economy Effects not assessable and crisis not solved yet Regional Business Climate: Expectations in 6 months + Financial Start of crisis Sovereign Debt Crisis o - Q1 Q1 Q1 Q1 Q1 Q1 Q4 2000 2002 2004 2006 2008 2010 2011 Western Europe North
Slide 13: Perspective FY 2011/12 – Continued Operations
Perspective FY 2011/12 – Continued Operations Outlook FY 2011/12: Limited visibility so far Q1 2011/12: Technologies solid, start rather difficult on Materials side { Materials: Currently difficult trading conditions and supply adjustments leading to declining sales and EBIT; Steel Americas: step-ch
Slide 14: Outlook FY 2011/12 – Better Prepared Today
Outlook FY 2011/12 – Better Prepared Today • Strategic development – focus on core competencies Leadership • Diversified Industrial – comprehensive performance concept & Portfolio • Portfolio measures execution timeline of 12-18 months (from May 2011 on) confirmed • Earnings contribution across all
Slide 15: Outlook Q1 2011/12: Technologies Solid, Start Rather Difficult on Materials Side
Outlook Q1 2011/12: Technologies Solid, Start Rather Difficult on Materials Side Materials Technologies • SE: Supply adjustments and lower EBIT due • ET: Solid performance in sales and EBIT to ongoing de-stocking and market based on firm order backlog and uncertainties stable service business • AM:
Slide 16: Agenda
Agenda { Group Performance and Financials { Group Outlook { Strategic Development Program at ThyssenKrupp Cheuvreux 11th German Corporate Conference Frankfurt - January 16, 2012 Guido Kerkhoff, CFO 15 Developing the future.
Slide 17: 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 18: Portfolio Optimization: Geared to Reduce Volatility and Complexity
Portfolio Optimization: Geared to Reduce Volatility and Complexity Sales FY 2010/11 carv e (before Stainless Global carve-out, not consolidated) Waupaca Bilstein-Gruppe d-out Sales: ~€1.1 bn (Springs & Stabilizers) Technologies 19% sign Bilstein-Gruppe closed BVSS e d (Automotive Systems Brazil) Sal
Slide 19: Change Management: Execution Update
Change Management: Execution Update Leadership Our Mission Statement { Assessment of 2nd & 3rd management level finalized { We are ThyssenKrupp – The Technology & { Remuneration system of 2nd & 3rd management Materials Company level reviewed { We Meet the Challenges of Tomorrow with our { Roll-out o
Slide 20: Performance Orientation: Continuous Benchmarking
Performance Orientation: Continuous Benchmarking Aiming at Best-in-Class Operations Steel Elevator • ArcelorMittal / Flat Carbon Europe Europe Technology • UTC / Otis • Salzgitter / Steel • KONE • Tata Steel / Europe • Schindler • Voestalpine / Steel Steel Plant • Chemicals: • AK Steel Americas Tech
Slide 21: Steel Americas: Ramp-up Efficiency Improvement by More Comprehensive Concept
Steel Americas: Ramp-up Efficiency Improvement by More Comprehensive Concept Excess Expenses Reflected Measures Initiated Rationale Unchanged { costs: { Steel in Transition – { latest studies confirm structural ramp-up longer and more Managing the Triangle growth in home market expensive than orig
Slide 22: ThyssenKrupp is Much More Than Steel
ThyssenKrupp is Much More Than Steel Technologies already today stabilizing performance FY 2010/11 (billion €) Order Sales EBIT adj. FCF Intake 35.5 34.5 Materials (not consolidated) 1.4 Stainless Global 0.6 1.9 19.7 17.7 Technologies (not consolidated) (2.1) { Materials: Earnings and cash flow perf
Slide 23: 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 24: Appendix
Agenda { Appendix Cheuvreux 11th German Corporate Conference Frankfurt - January 16, 2012 Guido Kerkhoff, CFO 23 Developing the future.
Slide 25: Financial Calendar – FY 2011/12
Financial Calendar – FY 2011/12 { January General Stockholders’ Meeting, Bochum (20th) { February Conference Call Q1 2011/12 (14th) Roadshows Frankfurt (15th), London (16th) Cheuvreux 11th German Corporate Conference Frankfurt - January 16, 2012 Guido Kerkhoff, CFO 24 Developing the future.
Slide 26: 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 27: 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 28: 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 29: ThyssenKrupp is Much More Than Steel (II)
ThyssenKrupp is Much More Than Steel (II) ThyssenKrupp Materials Technologies Sales FY 2010/11 (€m): Sales FY 2010/11 (€m): Steel Europe: 12,814 Elevator Technology: 5,253 Steel Americas: 1,139 Plant Technology: 4,004 Materials Services: 14,776 Components Technology: 6,908 Marine Systems: 1,493 32%
Slide 30: ThyssenKrupp is Much More Than Steel (III)
ThyssenKrupp is Much More Than Steel (III) Technologies With Higher Exposure to International Markets Sales ThyssenKrupp: 67% Sales by region (Technologies) outside Germany Technologies: 83% South America 9 Employees ThyssenKrupp: 62% Germany 17 outside Germany Technologies: 76% Middle East/ Africa
Slide 31: 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 32: Group Overview (I)
Group Overview (I) 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 9,328 10,373 10,930 10,619 41,250 11,260 12,848 14,120 12,019 50,247 Sales €m 9,351 10,107 11,679 11,484 42,621 11,370 12,266 12,851 12,605 49,092 EBITDA €m 683 622 845 619 2,769 645 932 983 825 3,385 EBIT €m 353 278 50
Slide 33: Materials Affected by Seasonality and Uncertainty Towards End of Q4
Materials Affected by Seasonality and Uncertainty Towards End of Q4 FY 2010/11 EBIT adjusted development (million €) EBIT adj. Group before SG* carve-out: 1,762 qoq Δ €(140) m mainly explained by: EBIT adj. Group FY: excl. Steel Americas [continued operations: 1,762] Steel Europe €(69) m EBIT adj. S
Slide 34: Reconciliation EBIT adjusted FY 2010/11
Reconciliation EBIT adjusted FY 2010/11 Before Stainless Global carve-out (million €) Special items (million €) Q3 Q4 FY Steel Americas • Impairment of PPE & construction in (2,075) (2,075) progress, for transfer taxes & inventory 1,762 Stainless Global • Goodwill/IFRS 5 impairment (800) (800) EBIT
Slide 35: FY 2010/11: Impacted By Significant Non-Cash Charges
FY 2010/11: Impacted By Significant Non-Cash Charges EBITDA (million €) EBIT (million €) FY: before SG* carve-out: 3,385 FY: before SG* carve-out: (988) [continued operations: 3,210] [continued operations: (188)] 497 545 215 273 (2,303) 932 983 825 619 645 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 2009/10 2010/
Slide 36: Reconciliation of EBIT
Reconciliation of EBIT EBIT 2010/11 (million €) (2,075) 1,762 (188) 124 (988) (800) EBIT reported Effect SG* EBIT reported Special Impairment EBIT adjusted before SG* from continued items related from continued carve-out operations charges AM* operations Q4 Stainless Global: €800 m Q4 Steel Americas
Slide 37: Reconciliation of EBIT
Reconciliation of EBIT EBIT in €m (15) (188) (988) (785) before Stainless Stainless Consolidation continued Global carve-out Global Stainless Global operations EBIT adjusted in €m 15 (15) 1,762 1,762 before Stainless Stainless Consolidation continued Global carve-out Global Stainless Global operatio
Slide 38: Reconciliation of Order Intake and Sales
Reconciliation of Order Intake and Sales Order intake in €m 50,247 6,045 (916) 45,118 before Stainless Stainless Consolidation continued Global carve-out Global Stainless Global operations Sales in €m 49,092 6,739 (1,003) 43,356 before Stainless Stainless Consolidation continued Global carve-out Glo
Slide 39: Group Overview (II)
Group Overview (II) 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Capital expenditures* €m 777 738 942 1,053 3,510 778 656 516 822 2,771 Depreciation/amort. €m 331 346 348 412 1,437 380 447 449 3,139 4,415 Operating cash flow €m (308) 184 (23) 1,015 868 (1,435) (79) 709 1,581 776 Cash flow from dive
Slide 40: Positive OCF Driven by Strong Performance of Materials Businesses
Positive OCF Driven by Strong Performance of Materials Businesses Q4 2010/11 – before Stainless Global carve-out (million €) Other thereof: provisions 1,581 • Stainless Global 200 (89) Other 1,269 • Materials Services 266 assets/ Impairment related liabilities** non-cash charges Trade (390) D/A Chan
Slide 41: Positive OCF Driven by Strong Performance of Almost all Business Areas
Positive OCF Driven by Strong Performance of Almost all Business Areas FY 2010/11 (million €) thereof: • Steel Europe 682 thereof: • Materials Services 499 • Steel Europe (732) • Elevator Technology 623 D/A • Steel Americas (674) • Plant Technology 488 4,415 • Components Technology 444 Others • Mari
Slide 42: NFD: Now Behind the Peak
NFD: Now Behind the Peak FY 2010/11 (million €) (3,780) (3,578) Gearing Gearing 36.4% before SG* carve-out: (1,571) 34.5% FCF [continued operations: (1,070)] (pro-forma) 424 (2,771) 776 Divestments 1,631 142 Others NFD NFD OCF Sep 2011 Sep 2010 Capex* Treasury * Capex for property, plant & equipment
Slide 43: Tight Capex Management Going Forward
Tight Capex Management Going Forward Cash flows from investing activities (billion €) Steel and Stainless Americas Projects Capex 4.2 4.1 3.5 2.8 2.5 Depreciation max. €2 bn 0.3 0.2 0.4 0.4 0.6 Divestments 2007/08 2008/09 2009/10 2010/11 2010/11 2011/12E continued operations Cheuvreux 11th German Co
Slide 44: Pension and Similar Obligations: Further Decrease in Q4
Pension and Similar Obligations: Further Decrease in Q4 Accrued Pension and Similar Obligations Expected Normalized* Development of Accrued (in € m) Pension and Similar Obligations (in € m) Other accrued * Assumption: unchanged discount rate 8,086 pension-related obl. 6,940 285 6,940 Accrued postret
Slide 45: Pension Obligations: ThyssenKrupp with 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 46: 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! Cheuvreux 11th German Corporate Conference Frankfurt - January 16, 2
Slide 47: Steel Europe – Q4 2010/11 Highlights
Steel Europe – Q4 2010/11 Highlights Order intake in €m Shipments in 1,000 t EBIT in €m; EBIT margin in % Ø rev/t indexed (Q1 2004/05=100) 9.2 129 130 135 140 146 9.1 8.7 8.3 3,721 6.6 322 3,006 3,431 3,431 300 2,929 2,688 3,093 3,142 3,018 258 253 2,781 193 Q4 Q3 Q4 Q4 Q3 Q4 Q4 Q3 Q4 2010/11 2010/1
Slide 48: Steel Europe Key Figures
Steel Europe Key figures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 2,500 2,999 2,706 2,781 10,986 2,929 3,721 3,006 2,688 12,344 Sales €m 2,281 2,667 2,887 2,935 10,770 2,958 3,287 3,518 3,051 12,814 EBITDA €m 274 339 359 329 1,301 399 439 458 374 1,670 EBIT €m 127 193 218 193 73
Slide 49: 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 3,615 3,553 3,614 3,513 3,590 3,326 3,392 3,542 3,385 3,349 3,167 3,216 3,
Slide 50: 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 51: 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 52: 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 53: Above-Average Revenues & Margins
Above-Average Revenues & Margins Business Model ThyssenKrupp Steel Europe (III) Large Multiple Scale Niches Revenues/t €/t EBITDA/t €/t BA Steel Europe*) *) excl. Metal Forming BA Steel Europe*) *) excl. Metal Forming 1,000 200 900 150 800 100 700 50 600 0 major 500 European -50 competitors major 40
Slide 54: Steel Europe: Portfolio Optimization ThyssenKrupp 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 55: Steel Americas – Q4 2010/11 Highlights
Steel Americas – Q4 2010/11 Highlights Order intake in €m Production & shipments in 1,000 t EBIT in €m 880 852 EBIT EBIT adjusted 651 Slab production 430 (184) (190) CSA (320) 36 (378) (319) Q4 Q1 Q2 Q3 Q4 (2,258) 504 437 2010/11 268 421 Shipments 306 403 Q4 Q3 Q4 22 84 115 Steel USA 2 Q4 Q3 Q4 2010
Slide 56: Steel Americas Key Figures
Steel Americas Key figures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 0 23 24 22 69 84 268 504 437 1,293 Sales €m 0 23 24 21 68 86 260 429 364 1,139 EBITDA €m (70) (78) (119) (297) (564) (328) (211) (95) (252) (886) EBIT €m (71) (79) (130) (320) (600) (378) (319) (190) (2,258) (3,
Slide 57: 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 58: 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 30% 5 4 20% 3 2 10% 1 Car produc
Slide 59: Steel Americas: Transatlantic Steel Concept
Steel Americas: Transatlantic Steel Concept 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 m t finished steel Hot-rolle
Slide 60: ThyssenKrupp CSA
ThyssenKrupp CSA Cheuvreux 11th German Corporate Conference Frankfurt - January 16, 2012 Guido Kerkhoff, CFO 59 Developing the future.
Slide 61: Comprehensive Customer Development Activities at ThyssenKrupp 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 32 27 Gain customer order for approval process Shipments FY by 2010/ FY 11 2013/14 Establish / document technical set-up Cus
Slide 62: Materials Services – Q4 2010/11 Highlights
Materials Services – Q4 2010/11 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 13.6 10.4 163 149 1,473 136 3,918 3,973 3,618 1,440 1,394 108 3,370 1,
Slide 63: Materials Services Key Figures
Materials Services Key figures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 2,681 3,059 3,695 3,370 12,805 3,259 3,918 3,973 3,618 14,768 Sales €m 2,760 2,881 3,598 3,524 12,763 3,311 3,704 3,980 3,781 14,776 EBITDA €m 168 101 191 150 610 117 197 181 166 661 EBIT €m 129 68 158 108 4
Slide 64: Materials Services: Price Development
Materials Services: Price Development Rolled Steel €/t Stainless Steel €/t 2008/09 2009/10 2010/11 2011/12 2008/09 2009/10 2010/11 2011/12 1000 Sections / broad flanged beam 3500 940 900 Cold rolled sheets 855 Galvanized sheets 800 800 Quarto plates (R37-2) 3000 700 2,650 590 2,670 600 2500 575 500
Slide 65: Elevator Technology – Q4 2010/11 Highlights
Elevator Technology – Q4 2010/11 Highlights Order intake in €m Units under Maintenance EBIT in €m; EBIT adj. margin in % EBIT EBIT adjusted FY book-to-bill: 1.0 >1,000,000 332 13.2 12.4 c.800,000 11.6 11.6 10.9 1,358 1,320 1,306 1,297 171 172 1,264 156 151 147 Q4 Q3 Q4 04/05 10/11 Q4 Q3 Q4 2010/11 2
Slide 66: Elevator Technology Key Figures
Elevator Technology Key figures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,230 1,215 1,390 1,264 5,099 1,306 1,358 1,320 1,297 5,281 Sales €m 1,226 1,221 1,313 1,428 5,188 1,299 1,267 1,298 1,389 5,253 EBITDA €m 182 180 180 185 727 189 165 168 353 875 EBIT €m 165 163 162 156 646
Slide 67: Elevator Technology: Focus on China – Growing Faster Than the Market
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 68: Elevator Technology: Higher Levels of Service Excellence and Efficiency
Elevator Technology: Delivering Higher Levels of Service Excellence and Efficiency Targets Highlights Units under Maintenance Continuous improvement of service quality (UuM) 1.3 m UuM + 25% Innovative new service tools GPS routing and tracking via ERP Integrated workflow via mobile devices 2007
Slide 69: Elevator Technology: Optimize Manufacturing Lines and Streamlining Platforms
Elevator Technology: Optimize Manufacturing Lines and Streamlining Platforms Consolidation of product lines 2008 2010 Outlook 9 4 3 Controller standardization 2005 2009 Outlook 15 10 33 Cheuvreux 11th German Corporate Conference Frankfurt - January 16, 2012 Guido Kerkhoff, CFO 68 Developing the futu
Slide 70: Plant Technology – Q4 2010/11 Highlights
Plant Technology – Q4 2010/11 Highlights Order intake in €m Order backlog in €m EBIT in €m; EBIT margin in % FY book-to-bill: 1.1 14.3 13.9 11.9 10.8 1,466 6,369 6,636 9.6 1,097 6,256 139 911 1,016 6,226 6,434 107 131 129 896 102 Q4 Q3 Q4 Q4 Q3 Q4 Q4 Q3 Q4 2010/11 2010/11 2010/11 Largest order intak
Slide 71: Plant Technology Key Figures
Plant Technology Key figures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,324 824 800 911 3,859 1,016 896 1,097 1,466 4,475 Sales €m 954 940 970 1,067 3,931 897 969 943 1,195 4,004 EBITDA €m 119 106 99 116 440 115 148 149 138 550 EBIT €m 111 98 90 102 401 107 139 131 129 506 EBIT
Slide 72: Plant Technology: Technology Portfolio Offering Growth Potential
Plant Technology: Technology Portfolio Offering Growth Potential Markets Technologies Market Positions Chemicals Conversion Technologies Customer Products Fertilizers: No.1 Gas Reforming Fertilizers Polymers: No.2 Oil Refining Organic Chemicals & Polymers Biotechnology Biopolymers Gasification Elect
Slide 73: Plant Technology: Reference Projects
Plant Technology: Reference Projects Oil sand mining & Fertilizer complex 4 fully mobile crushing plants processing plant (ammonia & urea) in open pit coal mine Canada SORFERT, Algeria China Power Investm. Group Order intake: 2010 Order intake: 2007 Order intake: 2009 Construction time: ~5 yrs Bodys
Slide 74: Plant Technology: Selected Orders Q4 2010/11
Plant Technology: Selected Orders Q4 2010/11 Chemical Plants Cement Mining Industrial Explosives Plant Cement plant Coal handling system { Capacity: 350,000 tpa { Cement grinding and { Handling system including { Customer: Egypt dispatch terminal site dumper and conveyors Hydrocarbon Company { Custo
Slide 75: Components Technology – Q4 2010/11 Highlights
Components Technology – Q4 2010/11 Highlights Order intake in €m Quarterly order intake auto components EBIT in €m; EBIT adj. margin in % FY book-to-bill: 1.0 Q4 2010/11: ~20% above pre-crisis level EBIT EBIT adjusted (average of FY 2007/08) 7.9 7.9 6.4 6.9 1,811 161 1,795 1,713 141 1,602 127 1,563
Slide 76: Components Technology Key Figures
Components Technology Key figures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,169 1,337 1,584 1,563 5,653 1,602 1,795 1,811 1,713 6,921 Sales €m 1,237 1,344 1,568 1,575 5,724 1,599 1,769 1,779 1,761 6,908 EBITDA €m 124 144 144 154 566 196 186 220 178 780 EBIT €m 57 73 66 56 252 1
Slide 77: 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 78: 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 91.2 1.6 87.8 1.5 2.3 83.6 1.5 1.5 77.4 1.5 2.2 1.4 1.4 68.2 71.0 74.1 2.0 2.1 2.1 65.0 2.0 1.
Slide 79: 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 80: Components Technology: Portfolio Optimization ThyssenKrupp 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 81: Components Technology: Portfolio Optimization ThyssenKrupp Bilstein
Components Technology: Portfolio Optimization ThyssenKrupp Bilstein – Divison 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 Pro
Slide 82: Marine Systems – Q4 2010/11 Highlights
Marine Systems – Q4 2010/11 Highlights Order intake in €m Order backlog in €m EBIT in €m; EBIT adj. margin in % EBIT EBIT adjusted FY book-to-bill: 2.0 38.4 2,155 103 6,958 12.9 6,532 84 426 5,315 5,358 5,290 9.1 247 7.2 174 149 (3.6) 46 62 21 Q4 Q3 Q4 Q4 Q3 Q4 (9) Q3 Q4 2010/11 2010/11 Q4 2010/11 S
Slide 83: Marine Systems Key Figures
Marine Systems Key figures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 110 139 108 174 531 426 149 2,155 247 2,977 Sales €m 254 287 423 247 1,211 504 219 479 291 1,493 EBITDA €m 21 33 19 106 179 51 87 71 28 237 EBIT €m 16 18 8 103 145 46 84 62 21 213 EBIT adjusted €m 21 33 27 (9) 7
Slide 84: Marine Systems: Focused Organization
Marine Systems: Focused Organization 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)*: 1,304 Employees*: 3,521 * Sales: FY 201
Slide 85: Discontinued Operations: Stainless Global – Q4 2010/11 Highlights
Discontinued Operations: Stainless Global – Q4 2010/11 Highlights Order intake in €m Shipments* in 1,000 t EBIT in €m; EBIT margin in % Ø transaction price/t EBIT EBIT adjusted EBIT SL USA indexed (Q1 2004/05=100) (11) (7) (18) (29) (44) 120 122 131 129 116 59 5 7 0 (51) 3.2 (851) 1,790 520 1,483 1,
Slide 86: Stainless Global (Discontinued Operation)
Stainless Global (Discontinued Operation) Key figures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 943 1,560 1,317 1,301 5,121 1,483 1,790 1,360 1,412 6,045 Sales €m 1,210 1,461 1,708 1,522 5,901 1,605 1,856 1,586 1,692 6,739 EBITDA €m (4) (60) 121 46 103 48 103 43 (6) 188 EBIT €m (
Slide 87: Corporate: Overview
Corporate: Overview Corporate 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 31 31 32 38 132 31 33 32 47 143 Sales €m 31 31 32 37 131 31 33 32 47 143 EBITDA €m (58) (58) (69) (61) (246) (78) (102) (109) (37) (326) EBIT €m (65) (71) (75) (80) (291) (88) (111) (120) (58) (377) OCF €m (2
Slide 88: Business Area Overview – Quarterly Order Intake
Business Area Overview – Quarterly Order Intake 2009/10 2010/11 million € Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Europe 2,500 2,999 2,706 2,781 10,986 2,929 3,721 3,006 2,688 12,344 Steel Americas 0 23 24 22 69 84 268 504 437 1,293 Stainless Global 943 1,560 1,317 1,301 5,121 1,483 1,790 1,360 1,412 6,
Slide 89: Business Area Overview – Quarterly Sales
Business Area Overview – Quarterly Sales 2009/10 2010/11 million € Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Europe 2,281 2,667 2,887 2,935 10,770 2,958 3,287 3,518 3,051 12,814 Steel Americas 0 23 24 21 68 86 260 429 364 1,139 Stainless Global 1,210 1,461 1,708 1,522 5,901 1,605 1,856 1,586 1,692 6,739 M
Slide 90: Business Area Overview – Quarterly EBITDA and Margin
Business Area Overview – Quarterly EBITDA and Margin 2009/10 2010/11 million € Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Europe 274 339 359 329 1,301 399 439 458 374 1,670 % 12.0 12.7 12.4 11.2 12.1 13.5 13.4 13.0 12.3 13.0 Steel Americas (70) (78) (119) (297) (564) (328) (211) (95) (252) (886) % n.a. n.a
Slide 91: Business Area Overview – Quarterly EBIT and Margin
Business Area Overview – Quarterly EBIT and Margin 2009/10 2010/11 million € Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Europe 127 193 218 193 731 258 300 322 253 1,133 % 5.6 7.2 7.6 6.6 6.8 8.7 9.1 9.2 8.3 8.8 Steel Americas (71) (79) (130) (320) (600) (378) (319) (190) (2,258) (3,145) % n.a. n.a. n.a. n.
Slide 92: Business Area Overview – Quarterly EBIT adjusted and Margin
Business Area Overview – Quarterly EBIT adjusted and Margin 2009/10 2010/11 million € Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Europe 127 193 218 193 731 258 300 322 253 1,133 % 5.6 7.2 7.6 6.6 6.8 8.7 9.1 9.2 8.3 8.8 Steel Americas (71) (79) (130) (320) (600) (378) (319) (190) (184) (1,071) % n.a. n.a.
Slide 93: 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 Q2 Q3 Q4 FY Steel Europe (123) 235 152 329 593 (433) 322 184 609 682 Steel Americas (171) (93) (221) (361) (847) (585) (360) (269) (175) (1,389) Stainless Global (100) 88 (261) 57 (216) (308) 82 (139)
Slide 94: Business Area Overview (I)
Business Area Overview (I) Order Intake (€m) Sales (€m) Employees FY 2009/10 FY 2010/11 FY 2009/10 FY 2010/11 FY 2009/10 FY 2010/11 Steel Europe 10,986 12,344 10,770 12,814 34,711 28,843 Steel Americas 69 1,293 68 1,139 3,319 4,060 Stainless Global 5,121 6,045 5,901 6,739 11,235 11,490 Materials Ser
Slide 95: Business Area Overview (II)
Business Area Overview (II) EBITDA (€m) EBIT (€m) EBIT adjusted (€m) FY 2009/10 FY 2010/11 FY 2009/10 FY 2010/11 FY 2009/10 FY 2010/11 Steel Europe 1,301 1,670 731 1,133 731 1,133 Steel Americas (564) (886) (600) (3,145) (600) (1,071) Stainless Global 103 188 (57) (785) (57) 15 Materials Services 61
Slide 96: Special Items
Special Items Business Area 2009/10 2010/11 (million €) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Steel Americas: Impairment related charges (2,075) (2,075) Stainless Global: Goodwill/IFRS 5 impairment (800) (800) Materials Services: Disposal gain TKIN and Safway 81 81 Disposal loss Xervon (55) (55) Elevator Te
Slide 97: ThyssenKrupp-specific Key Figures (I): EBIT Definition
ThyssenKrupp-specific Key Figures (I): EBIT Definition FY 2010/11*: Reconciliation “Income from operations” (P&L Structure) to EBIT P&L Structure EBIT definition Net sales 43,356 Net sales 43,356 - Cost of sales 1) (38,616) - Cost of sales 1) (38,616) - SG&A 1) (4,923) - SG&A 1) (4,923) +/- Other op
Slide 98: ThyssenKrupp-specific Key Figures (II): EBIT/EBT adjusted & TKVA
ThyssenKrupp-specific Key Figures (II): EBIT/EBT adjusted & TKVA EBIT / EBT adjusted (= Key Performance Indicator of ThyssenKrupp) Earnings adjusted for special, nonrecurring items: { Special items to be eliminated include disposal gains/losses, restructuring expense, impairment losses, other non-op
Slide 99: 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 100: 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 101: 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 102: 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
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