Slide 1: Üdvözöljük Magyarországon (Welcome to Hungary)
Üdvözöljük Magyarországon (Welcome to Hungary) Thursday, 14 September 2023
Slide 2: Introduction
01 Introduction
Slide 3: No. 1 in the global aluminium extrusion industry
No. 1 in the global aluminium extrusion industry Present in 40 countries 21,400 people 1) 1.3 Strong We 23 21 We 4 Business Sites == Margin Brand growth with Million mt sales2) 20 19 100+ Remelters Paintlines Sites 3 Thermal inanodizing Business fabrication UnitsBreak 1) Permanent employees as of en
Slide 4: Extrusions with unrivalled position as largest extruder globally
Extrusions with unrivalled position as largest extruder globally with a strong and diversified segment footprint Unrivalled position as #1 extrusions Four distinct Business Units, all with strong segment presence provider globally Total volume 2022: 1.25 million tonnes Extrusion sales volume (2022),
Slide 5: Hydro Extrusions with a strong network of recyclers
Hydro Extrusions with a strong network of recyclers across regions supporting extrusion operations • Combined extrusion billet production of ~1.2 million tons • Recyclers providing a unique competitive advantage for Extrusions in enabling flexible energy-efficient & tailor-made metal supply to large
Slide 6: Organized in four business units
Organized in four business units based on products / geography to maximize synergies across 21,400 highly competent people across the world, total turnover of NOK 91 billion Extrusion Europe Extrusion North America Precision Tubing Building Systems • Market leader focusing on • Uniquely positioned a
Slide 7: Attractive value add Systems and Precision Tubing business
Attractive value add Systems and Precision Tubing business in addition to strong EU and US extrusion positions Building Systems and PT offering unique value added and specialty solutions with growth opportunities Business Unit Attractive growth and business development opportunities • Increased pene
Slide 8: Strategic initiatives continue to transform Extrusions
Strategic initiatives continue to transform Extrusions into a more robust and customer driven business More competitive cost base, stronger customer interaction, targeted capacity expansion and sustainability agenda provide for business resilience going forward Key Initiatives Key actions • Strong f
Slide 9: Hydro Extrusions delivering EBITDA growth with positive cash-flow
Hydro Extrusions delivering EBITDA growth with positive cash-flow supporting investments (%) BNOK BNOK kNOK 12 11.5% 4.0 8.0 8.0 3.6 7.5 11 10.2% 7.0 3.5 7.0 10 3.3 7.0 6.0 5.7 6.5 9 3.0 5.6 6.0 8 5.0 5.5 2.3 2.5 4.3 7 6.2% 4.1 4.1 5.0 5.6% 4.0 4.4 6 2.0 4.5 1.6 4.0 5 3.0 4.0 1.5 3.3 4 3.5 2.0 2.9 3
Slide 10: Extrusions continue to transform into a more robust business
Extrusions continue to transform into a more robust, solution and customer-oriented business • Hydro Extrusions is not a commodity company Sales segment split based on tons sold • Portfolio mix change since 2014 reflect this Indicative 15% 11% • Hydro Extrusions sell products and solutions 10% 16% •
Slide 11: Value drivers in Extrusions
02 Value drivers in Extrusions
Slide 12: Extrusions and added value process: from billet to finished product
Extrusions and added value process: Driving value from billet to finished product 12
Slide 13: Follow-up of main production processes on profit-center perspective
Hydro Extrusions follow-up all main production processes based on a profit-center perspective Thermal Precision Building Remelt Extrusion Anodizing Painting Fabrication Other Break Tubing Systems All variables below followed up for all profit centers Sales revenues 1) Variable costs 1) Fixed product
Slide 14: Several avenues for driving value
The extrusion industry offers several avenues for driving value, both operationally and commercially Profit center Value drivers • Press configuration and press productivity • Labor productivity Extrusions • Packing productivity • Segment / customer mix • Recycling input: use of post vs pre-consumer
Slide 15: Q2 Performance
QO3 Performance
Slide 16: Short-term market update
Short-term market update
Slide 17: Extrusions is used in a variety of segments
Extrusions is used in a variety of segments Diversified market portfolio across segments and regions At home In your car At the office When traveling • Windows and doors • Interior • Facades • Train and subway • Furniture • Exterior • Windows sides • Electronics • Chassis • Walls • Flooring • Greenh
Slide 18: Extrusion demand facing headwinds in weak macro
After a strong rebound post-Covid, extrusion demand is facing headwinds in light of weak macro development Annual extrusion demand growth per region 23 (percent) 9 7 16 5 2 -2 4 4 Middle East & Turkey EU27 -17 0 -11 North America (US & Canada) 18 18 China 15 19 3 15 8 3 Legend India -1 -3 2021 Afric
Slide 19: Continued weakness expected into 2024 in Europe and North America
Markets are expected to show continued weakness for the rest of 2023 and into 2024 in Europe and North America Extrusion demand growth estimates (CRU August 2023) (YoY growth) Full year forecasts 30% 23% North America Europe 20% 20% 16% 15% 8% 10% 4% 4% 4% 2% 3% 2% 2% 2% 3% 0% 1% 0% -2% -4% -4% -10%
Slide 20: Negative demand growth for B&C and industrial segments
Negative demand growth for B&C and industrial segments, while automotive shows continued growth Europe North America (YoY growth) (YoY growth) -15,8 Building & -26,8 Building & construction construction -0,8 -2,2 Transport & Transport & -3,2 4,3 automotive 8,0 automotive -1,0 Electrical Electrical -
Slide 21: Very strong Covid-rebound in Europe impacting current demand
Very strong Covid-rebound in Europe for B&C and industrial segments impacting current demand development Transport and automotive catching up after being impacted by supply-chain shortages European extrusion demand per segment (Indexed, Q1 2020 = 100) 140 Covid Covid-rebound Stagflation Gradual reco
Slide 22: E-mobility showing strong growth in Europe
E-mobility showing strong growth in Europe... Rapid transition from Internal Combustion Engine (ICE) to growth in Battery Electric Vehicles (BEV) and Hybrid Electric Vehicles (HEV) Passenger vehicle registrations, Western Europe (millions) 22
Slide 23: US catching up in Electric Vehicle transition
…and US is also catching up in Electric Vehicle transition Driven by sustainability and geopolitical tensions megatrends EV share of sales is growing exponentially.... 100 80 60 40 20 0 2010 2015 2020 2025 2030 2035 IHS Global Insight, Goldman Sachs Research • 2022-2040 are forecasts 23
Slide 24: Financial and business update
Financial and business update
Slide 25: Hydro Extrusions delivering EBITDA growth with positive cash-flow
Hydro Extrusions delivering EBITDA growth with positive cash-flow supporting investments (%) BNOK BNOK kNOK 12 11.5% 4.0 8.0 8.0 3.6 7.5 11 10.2% 7.0 3.5 7.0 10 3.3 7.0 6.0 5.7 6.5 9 3.0 5.6 6.0 8 5.0 5.5 2.3 2.5 4.3 7 6.2% 4.1 4.1 5.0 5.6% 4.0 4.4 6 2.0 4.5 1.6 4.0 5 3.0 4.0 1.5 3.3 4 3.5 2.0 2.9 3
Slide 26: Closing the gap to peers on EBITDA per ton
Hydro Extrusions closing the gap to peers on EBITDA per ton EBITDA per tonne (in 1,000 NOK) 10 9 8 7 6 5 4 3 HE Peer A 2 Peer B Peer C 1 Peer D 0 2018 2019 2020 2021 2022 Q1 23 Q2 23 26
Slide 27: EBITDA per ton improving in all Business Units
EBITDA per ton improving in all Business Units AEBDITA per ton, per Business Unit in kNOK 2020 2021 2022 YTD Q2 2023 13.4 10.4 10.6 10.1 +62% 7.0 7.1 6.3 5.6 5.4 5.4 5.6 5.0 4.7 4.0 4.4 3.9 4.0 3.4 3.5 3.0 Extrusion Europe Extrusion North America Building Systems Precision Tubing Hydro Extrusions 27
Slide 28: Improving plant profitability
Improving plant profitability, but many plants still delivering moderate EBITDA in strong markets Portfolio restructuring and overall improvement agenda showing clear effects EBITDA-margin 2022 (%) 30 Above 10%: Between 5-10%: Less than 5%: 16 units 35 units 34 units 20 10 0 -10 -20 Weighted average
Slide 29: Significant booking of automotive growth business
Significant booking of automotive growth business over the last quarters Record levels of Tier One sole supply Partnerships Advanced offering of added value contracts with large OEMs activities and fabrication services… …across geographies and units 4 contracts +75% (value) Extrusion North America T
Slide 30: Strong EBITDA uplift through growth projects
Strong EBITDA uplift through growth projects both in presses, recycling and customer projects Incremental EBITDA Investment projects developed across key regions and segment from approved projects Presses 2023 2024 2025 2026 2027 2030 Recycling 5 casthouse projects 7 Press projects 7 Major customer
Slide 31: Critical growth projects under execution
Critical growth projects under execution, further projects being matured to enable profitable growth Further strengthening flagship plants in the portfolio, leveraging key trends Key trends Project under execution Project capacity growth since 2021 • Sustainable products with Hungary recycling low c
Slide 32: Investment projects in Extrusions being completed
Investments projects in Extrusions being completed Successful testing of green hydrogen for producing aluminium at Navarra recycler in Spain Navarra recycling expansion Sjunnen recycling expansion Suzhou P60 press Nenzing 10’’Press World’s first batch of recycled aluminium using green hydrogen fuele
Slide 33: Successful testing of hydrogen for producing aluminium
Successful testing of hydrogen for producing aluminium HBS continuing to decarbonize the construction market with Hydro CIRCAL 100R World’s first batch of recycled aluminium using hydrogen fueled production in Navarra, Spain Owner: Walter AG Fabricator: SCHINDLER FENSTER + FASSADEN GMBH Architect: H
Slide 34: Extrusions EBITDA towards 2025
Extrusions EBITDA towards 2025 through cost improvements and leveraging growth projects Extrusions EBITDA NOK billions 0.9 Uplift from projects under execution 0.6 Continued cost reduction 8.0 programs, including 1.3 -1.3 procurement and EBS Customer partnerships and 0.8 Commercial Excellence initia
Slide 35: Improvement programs
Improvement programs: Strong achievement and continued ambitions 35
Slide 36: Strong improvement drive in Hydro Extrusions
Strong improvement drive in Hydro Extrusions Fall in demand and lower recycling margins offset with additional improvement initiatives Extrusions 2025 growth target EBITDA, NOK billions 8.0 Top line initiatives 7.0 1.0 • Market share growth • Margin uplift through commercial excellence and dedicated
Slide 37: Improvement programs in Hydro Extrusion
Improvement programs in Hydro Extrusion Improvement programs in Hydro Extrusions focus on: • Use of EBS / training in EBS tools • Use data for benchmarking • Standardisation of processes and equipment • Procurement 37
Slide 38: Strong achievements in improvement programs
HE improvement programs Strong achievements in improvement programs across Hydro Extrusion 2025 ambitions and achievements per end 2022 Definition / (MNOK) program drivers Commercial • Margin uplift and market share growth ambitions • CAPEX projects as driver to 2025 • Procurement initiatives and pr
Slide 39: Professional procurement is a strong lever
Procurement Professional procurement is a strong lever to lift profitability in Hydro Extrusion HE procurement program Professional procurement is not a quick-fix, it requires business and category knowledge, in-depth analysis and EBS way of working, engaging the entire organization
Slide 40: Existing procurement target expected to be reached in 2023
Procurement Existing target expected to be reached in 2023, current markets give further improvement potential Current target reached through projects across HE... ...with further potential being explored Example categories / projects • Competence building / excellence across Hydro Logistics ▪ Bench
Slide 41: Ambitious EBS / automation projects
EBS Ambitious EBS / automation projects established across Hydro Extrusion • Automation has financial, safety, ergonometric and quality benefits • Increased number of CNC machines • Increasing automotive volumes leads to more automation through increased • Hungary +10% CNC machines from fabrication
Slide 42: Energy saving initiatives
EBS Energy saving initiatives gives significant impact through direct investments 93 Annualized savings from 2023 Energy savings projects investments - mNOK 20 Capex (MNOK) Saving (MNOK) 73 LED installations (5 plants)* 21 15 4 1 Solar generation – 1.7 GWH / year 9 (incl. grants) 3 8 17 x Press Hydr
Slide 43: Automatic Meter Reading (AMR)
EBS Automatic Meter Reading (AMR) - significant financial potential through process optimization • Baseline is that there is a lot of waste / leakages inside plants – related to energy, water, gas and compressed air • AMR is about having sensors tracking energy, water, gas consumption at machines, i
Slide 44: Compete on customer service, quality and on-time delivery
EBS Hydro Extrusion compete on customer service, quality and on-time delivery. Our systems and tools must support • Short term actions Current situation Future situation • 40+ different variations of ERP’s and shop-floor systems SIS EIS • Cimalex ISOM Aspect4 DKS • Create a tool that allow Hydro Ext
Slide 45: HE well positioned to achieve 8 BNOK target in 2025
In summary, HE is well positioned to achieve target of 8 BNOK in 2025 with further potential towards 2030 Extrusions 2025 growth target EBITDA, NOK billions 8.0 7.0 1.0 2022 AEBITDA ? 2022 EBITDA 2025 AEBITDA target 45
Slide 46: Market positioning and strategic direction
04 Market positioning and strategic direction
Slide 47: Long term extrusion demand perspectives
Long term extrusion demand perspectives
Slide 48: Greener transition offers market opportunities towards 2030
The greener transition offers strong market opportunities for Hydro Extrusion towards 2030 Growth in Western markets higher than global average, growth supported by attractive segment fundamentals Potential CAGR Estimated global Strong growth for 2022-30 for solar substitution potential for logistic
Slide 49: Growth in electric vehicles is rapidly accelerating
Growth in electric vehicles is rapidly accelerating Driven by sustainability and geopolitical tensions megatrends EV share of sales is growing exponentially.... 100 80 60 40 20 0 2010 2015 2020 2025 2030 2035 IHS Global Insight, Goldman Sachs Research • 2022-2040 are forecasts 49
Slide 50: E-mobility and aluminium substitution growth opportunities
Transition to E-mobility and increased substitution towards aluminium provides unique growth opportunities Extrusions as strongest growth area for aluminium in automotive towards 2030 “In both Europe and North America, Extrusions will be growing the fastest among aluminium products, mainly driven by
Slide 51: From cutting tailpipe emissions to cutting embedded emissions
From cutting Carbon Footprint ICE vs EV tailpipe emissions ICE to cutting embedded emissions Materials EV production Manufacturing Use phase 83% +40% 0 10 20 30 40 50 60 Aluminium, steel and polymer of Emissions from materials, Tonne CO2e the embedded emissions including batteries, increase 40% from
Slide 52: Strong demand for greener extrusions in Automotive
Strong demand for greener extrusions in Automotive Ambitious abatement targets driving demand in all sectors but especially Automotive OEMs OEMs are pushing for ever more ambitious life-cycle decarbonization targets Ongoing customer partnerships towards zero Timeline to achieve target Decarbonizatio
Slide 53: Solar segment growth potential in mounting systems
Solar segment providing strong growth potential within aluminium mounting systems Solar energy capacity EU27 HE with strong positioning in anodizing, a key service offering 700 for solar mounting systems GW Installed 600 600 Potential CAGR 2022-30 for solar 500 segment in EU 15 - 20% 400 320 300 200
Slide 54: Copper scarcity provides substitution opportunities for aluminium
Scarcity of copper provides substitution opportunities for aluminium - in HVAC&R and HV/LV-cables HVAC&R substitution potential EV electrical connector Financial Times 54 CRU
Slide 55: Renovation for energy efficiency in B&C
Renovation for energy efficiency based on circularity – The Green Transition in B&C • “Energy Efficiency • EU’s mandatory energy • Mandatory requirement to EU Energy Efficiency First” fundamental consumption reduction renovate at least 3% of total principle of EU Energy target of 11.7% by 2030 publi
Slide 56: Strategic positioning long-term
Strategic positioning long-term
Slide 57: Hydro Extrusion in selective growth mode
Hydro Extrusion in selective growth mode Strategic modes reflect global megatrends and high-return opportunities Safe, compliant and efficient operations – The Hydro Way Businesses Bauxite & Alumina Aluminium Metal Recycling Energy Extrusions Strategic mode Sustain and improve Sustain and improve Se
Slide 58: Extrusions offering attractive returns on investment
Extrusions offering attractive returns on investment Indicative profitability in current return-seeking and Recycling growth portfolio • Increase proportion of post consumer scrap (PCS), lowering metal cost • Improved economies of scale in brownfield expansions • Sorting technology and equipment sta
Slide 59: Industry trends towards 2030 favorable for Hydro Extrusions
Industry trends towards 2030 are favorable for Hydro Extrusions, driven by customer needs and segment growth Opportunity to leverage Hydro Extrusions’ strengths increases as target segments develop Customer needs Segment growth Strong position • As industries and applications mature, • More growth e
Slide 60: Hydro Extrusion developments ahead
Hydro Extrusion developments ahead 2014 – 2022 2023 and forward • SAPA / Hydro Extrusion with strong EBITDA growth from • Expected market growth in volumes and further 2014 – 2022 on 11% volume reduction: advancement of product portfolio and growth in added- value activities (AVA) • Megatrends Extru
Slide 61: Transforming earning streams towards high-margin segments
Transforming earning streams towards high-margin segments Sales volumes split per segment Indicative Market share Share growth 1.4 mill t. growth 1.25 mill t. ambitions Distribution 15% 11% Automotive 10% 16% Transport 20% 20% Growing with Industrial & the underlying 19% HVACR1) market 22% Building
Slide 62: Building Systems driving circularity through post consumer scrap
Building Systems driving circularity through recovery of Post Consumer Scrap Recovery of post-consumer scrap from renovation buildings Our Strength Specification teams identifying renovation projects with aluminium scrap content Deconstruction done by our customers Full circularity commercial offer
Slide 63: Strategic direction summary HE 2030
HE 2030 strategic Strategic direction summary direction XXX • Growing with the underlying markets • Growing in non-commoditized segments fitting with HE’s capabilities • Continue to compete based on capabilities and service + Market share growth ambition in high-growth, profitable segments • Investm
Slide 64: HE well positioned to achieve 8 BNOK target in 2025
In summary, HE is well positioned to achieve target of 8 BNOK in 2025 with further potential towards 2030 Extrusions 2025 growth target EBITDA, NOK billions 8.0 7.0 1.0 2022 AEBITDA ? 2025 AEBITDA target 64
Slide 65: The journey of the Székesfehérvár plant
The journey of the Székesfehérvár plant Thursday, 14 September 2023
Slide 66: Safety is always a priority
Safety is always a priority Total Recordable Injuries (TRI) rate in HU (rolling 12 months – 1 million working hours) 5,3 Extrusion Europe 4,2 4,2 3,9 Extrusion Hungary 3,8 3,7 2017 2018 2019 2020 2021 2022 2023 YTD (July)
Slide 67: Agenda
Re-inventing Automotive Our X- the plant market factor Agenda
Slide 68: Re-inventing the plant
Re-inventing the plant
Slide 69: 100% Alcoa SAPA 1985-2010
1985-2010 1989 1996 2007 End of communism 100% Alcoa SAPA Focus on low cost, Focus on customer, volume and safety: value and safety improved efficiency 17 presses 6 presses 30K tonnes 40K tonnes
Slide 70: Solar boom and Joint venture SAPA/Hydro
2010-2020 63% of volume: standard profiles, low margins, high volumes 2011 2013 2017 Solar ‘boom’ and Joint venture Hydro first steps into SAPA/Hydro Profitability and automotive Back to basics: customer sustainability value and profit by improving operational excellence 7 presses 90K tonnes
Slide 71: Today
2020- ±80% of volume: high-end automotive parts and components 2020 Today 2024 2025 Sharpened our New recycling New press in strategy plant in production production 6 presses 7 presses 60K tonnes 70K tonnes
Slide 72: Total volumes went down but our profit went up
Shipped volume (kt) Total volumes went down… 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 EBITDA (m EUR) …but our profit went up. 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 73: Share of automotive went up year by year
Shipped volume (kt) 76 56 Share of automotive went 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 up year by year EBITDA (m EUR) 38,6 9,8 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 74: Financially healthy plant
Financially healthy plant Making money in automotive EBITDA (m EUR) 23,2% ROACE 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Operational Free Cash Flow (m EUR) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 75: Driving sustainability
Driving sustainability Production volume increased slightly from 2019 (52.2 kt) to 2023 (55.9 kt) Electricity consumption Water consumption Waste generation (MWh/t) (m3/t) (t/t) 0,86 2,8 0,08 0,69 ▾20% 0,06 ▾25% 1,0 ▾64% 2019 2023 Actual 2019 2023 Actual 2019 2023 Actual 75
Slide 76: Driving sustainability: CO2 reduction targets
Driving sustainability We will reach the CO2 reduction targets for 2025 and 2030 CO2 CO2 emission Sustainable measurement systems (tonnes) • Implementation of ISO 50001 29,600 • AMR system for the whole site Get green electricity 17,568 • Power Purchase Agreements 14,500 13,500 • Solar energy option
Slide 77: Doing business from Hungary
Doing business from Hungary Business-friendly climate
Slide 78: Hydro in Hungary
Hydro in Hungary Support local community E.g., donating to people in need Health and environment E.g., improving the community Investing in the relation with the community Education and volunteering Community building E.g., donating laptops to schools E.g., family event themed around diversity, incl
Slide 79: Key strength: Automotive region
Key strength: Automotive region Hungary H U N G A R Y
Slide 80: Key strength: Automotive region
Key strength: Automotive region Hungary region S L O V A K I A (approx. 350 automotive suppliers) A U S T R I A (approx. 150 automotive suppliers) H U N G A R Y (approx. 700 automotive suppliers)
Slide 81: Key strength: Know-how in engineering
Key strength: Know-how in engineering
Slide 82: Key strength: Combined offering in the supply chain
Key strength: Combined offering of subsequent steps in the supply chain Vertically integrated ‘one-stop shop’ + + + + Profile Surface Assembly and Recycling Fabrication extrusion treatments logistics
Slide 83: Key strength: Own recycling plant
Key strength: Own recycling plant
Slide 84: Key strength: Size and collaboration within Hydro
Key strength: Size and collaboration within Hydro Capitalise on production capacity and sharing valuable know-how
Slide 85: It fits, like closing a Rolls Royce's door
A strong match It fits, like closing a Rolls Royce’s door
Slide 86: European automotive industry
European automotive industry
Slide 87: Growing demand for sustainable and lightweight solutions
Growing demand for sustainable and lightweight solutions
Slide 88: By 2029, almost half of all produced cars are electric
Global production volume forecast By 2029, almost half 100 m of all produced cars are electric 80 m BEV volume 60 m PHEV volume 40 m (other) 20 m 0m 2022 2023 2024 2025 2026 2027 2028 2029 Source: S&P Global Mobility LVP+AP forecast June 2023
Slide 89: Challenging demands in automotive
Challenging demands in automotive Strict requirements, tight tolerances, high volumes
Slide 90: Strategic focus on 4 groups
Strategic focus on 4 groups Where margins are good, and volumes will keep on growing Body in white (BIW) Crash-management ABS/Valve block Emobility The aluminium The largest aluminium The solid base The game changer penetration driver segment
Slide 91: To protect European market share, we need to increase capacity
Automotive tonnage evolution (kt) To protect European market share, we need to increase capacity 2018 2019 2020 2021 2022 2023 2024 2025 2026 30% Hydro market share Hungary is fully booked now. with new presses Therefore, we’ll need to increase capacity through collaboration 20% Hydro automotive mar
Slide 92: Twin press concept
Twin press concept: a back-up solution and value proposal • Creating ‘twin’ copies of our successful and fully-booked 12” press in Hungary • ‘Twins’ enable overflow, back- up and multilocation offering • Quick ramp-up and no double engineering
Slide 93: Our X-factor
Our X-factor
Slide 94: Our X-factor
Our X-factor 1 Entrepreneurial mentality Care, Courage and Collaboration
Slide 95: Entrepreneurial mentality: 3D scan for Porsche
Entrepreneurial mentality: 3D scan for Porsche Not: “No”, but: “Let’s try”
Slide 96: And now…
And now…
Slide 97: Entrepreneurial mentality: Quality control
Entrepreneurial mentality: Quality control tooling BMW EV businesses booked by securing 100% quality
Slide 98: Entrepreneurial mentality: Develop ownership
Entrepreneurial mentality: Develop ownership at every level They see opportunities that others don’t
Slide 99: Our X-factor
Our 1 Entrepreneurial mentality Care, Courage and Collaboration 2 X-factor Taking care of people To treasure talent
Slide 100: Taking care of our people: Invest in workplace
Taking care of our people: Invest in workplace E.g., ergonomics, health and safety
Slide 101: Taking care of our people: Diversity
Taking care of our people: Diversity Women ratio is increasing in all areas and levels Women ratio development 30% 23% 20% 16% 10% 0% 2017 2018 2019 2020 2021 2022 2023 101
Slide 102: Taking care of our people: Absenteeism and turnover
Taking care of our people: Absenteeism and turnover Absenteeism is on the lowest Turnover has a good trend and was mainly level in 20 years impacted by involuntary leavers in 2020 Plant absenteeism Plant turnover 10% 30% 22,7% 6,2% 20% 18,4% 5,8% 5% 4,2% 16,6% 13,0% Turnover 10% 13,0% Only voluntary
Slide 103: Taking care of our people: Development programmes
Taking care of our people: Development programmes Participating in Extrusion Europe programmes, exchanges within East Europe, and stimulating local training and promotion
Slide 104: Taking care of our future people: Educational activities
Taking care of our future people: Educational activities • Collaboration with local universities: dual education and internship programmes • Summer jobs & Plant visits • Participate in Education programme • Initiate and participate in events, like university competitions and Girl's Day
Slide 105: Ability to attract people
Ability to attract people
Slide 106: Wrap-up
Re-inventing Automotive Our X- the plant market factor Wrap-up
Slide 107: Hydro
Hydro Industries that matter