thyssenkrupp AG · XETR:TKA
thyssenkrupp — German & Austrian Corporate Conference (Deutsche Bank) 2010
31 slides from thyssenkrupp's conference presentation, May 20, 2010
Slide 1: German & Austrian Corporate Conference
German&Austrian CorporateConference DeutscheBank Frankfurt/Main– May20,2010 Dr.AlanHippe,CFO
Slide 2: ThyssenKrupp Group – Higher Transparency
ThyssenKruppGroup– Higher Transparency effective s ThyssenKrupp* October1 ince st,2009 Sales:€40.6bn Steel Steel Stainless Materials Elevator Plant Components Marine Europe Americas Global Services Technology Technology Technology Systems Sales€9,570m Sales€0m Sales€4,486m Sales€12,815m Sales€5,308m
Slide 3: Agenda
Agenda GroupPerformance andFinancials BusinessAreaPerformance GroupOutlook DeutscheBankCorporateConference May20,2010 2 Developing the future.
Slide 4: Management Focus in Q2 2009/10
ManagementFocusinQ22009/10 Efficiency Projects Portfolio • Effectiverestructuring • Commissioningoffirst • MarineSystems: • Sustainablecostsavings facilities: • SIAGSchaaf dealclosed • Port&materialshandling • Continuousreductionof • ADMdealsigned structuralovercapacities • GasturbineApril% • HSYfra
Slide 5: Order Intake and Sales – Q2 Book-to-Bill >1 again
OrderIntakeandSales– Q2Book-to-Bill>1again Orderintake million€ Sales million€ 2008/09 2009/10 2008/09 2009/10 12,887 11,522 10,373 9,883 10,107 7,642* 7,926* 9,328 9,859 9,299 9,351 7,515* Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 *including cancellations @container ships,mega yachts,submarinesGreeceA Q2
Slide 6: Earnings Before Interest and Taxes and Earnings Before Taxes
EarningsBeforeInterestandTaxesandEarningsBeforeTaxes EBIT million€ EBITadjusted million€ 2008/09 2009/10 2008/09 2009/10 407 478 416 402 368 353 @112A Q1 @276A Q1 Q2 Q1 @289A @390A Q1 Q2 @597A Q2 Q2 @1,197A Q3 Q3 Q4 Q4 EBT million€ EBTadjusted million€ 2008/09 2009/10 2008/09 2009/10 240 313 191 249
Slide 7: Quarterly EBIT Adjusted and Margin
QuarterlyEBITAdjustedandMargin 2008/09 2009/10 million€ Q1 Q2 Q3 Q4 Q1 Q2 SteelEurope 371 131 @156A @262A 126 179 % 13.0 5.6 @7.3A @11.7A 5.5 6.7 SteelAmericas @42A 0 9 @44A 37 7 % n.a. n.a. n.a. n.a. n.a. n.a. StainlessGlobal @228A @291A @139A @55A @41A @102A % @19.4A @29.5A @13.5A @4.2A @3.4A @7.0
Slide 8: Net Income and Earnings Per Share
NetIncomeandEarningsPerShare Netincome million€ EPS € 2008/09 2009/10 2008/09 2009/10 163 195 234 0.36 0.35 0.45 Q1 @362A Q1 Q2 Q1 @0.71A Q1 Q2 @630A @1.38A Q2 Q2 @2.28A @1,044A Q3 Q3 Expected taxrate Q4 Q4 inFY2009/10:~20% DeutscheBankCorporateConference May20,2010 7 Developing the future.
Slide 9: Net Financial Debt
NetFinancialDebt Developmentofnetfinancialdebt inQ2 million€ thereof: 22,1303 • SteelEurope 68 22,6523 • SteelAmericas 448 thereof: TKCSA 226 Gearing NAFTASteel 222 Gearing 21.2% • StainlessGlobal 87 25.5% Freecashflow:25373 thereof: NAFTAStainless 72 • MaterialsServices 20 Operating Capex* • Elevat
Slide 10: Declining Capex Going Forward
DecliningCapex GoingForward Cashflowsfrominvestingactivities billion€ 4.2 4.2 AmericasProjects Capex 3.0-3.5 3.0 2.0 Depreciation 0.3 0.3 0.2 0.7 Divestments 2005/06 2006/07 2007/08 2008/09 2009/10E 2010/11E 2011/12E DeutscheBankCorporateConference May20,2010 9 Developing the future.
Slide 11: Agenda
Agenda GroupPerformance andFinancials BusinessAreaPerformance GroupOutlook DeutscheBankCorporateConference May20,2010 10 Developing the future.
Slide 12: Steel Europe
SteelEurope Q22009/10Highlights EBTin€m EBT EBTadjusted Orderintakein€m 354 112 345 21723 22733 109 104 163 2,500 2,999 Q1 Q2 Q1 Q2 2,223 2,324 23123 23393 1,866 1,479 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2008/09 2009/10 2008/09 2009/10 CommentsQ22qoq3 Currenttradingconditions Significantrecoveryoforderintake In
Slide 13: Steel Europe: Output, Shipments and Revenues per Metric Ton
SteelEurope:Output,ShipmentsandRevenuesperMetricTon Crudesteeloutput2incl.shareinHKM3 1,000t/quarter Shipments*:Hot-rolledandcold-rolledproducts 1,000t/quarter HKMshare Cold-rolled Hot-rolled 3,459 3,615 3,553 3,326 3,483 3,513 3,590 3,194 3,167 2,964 724 873 837 2,566 2,620 2,533 756 726 2,517 410
Slide 14: Steel Americas: The Transatlantic Concept
SteelAmericas:TheTransatlanticConcept Home&key markets BASteelAmericas BASteelEurope TKSteelUSA TKSteel Europe ~3-5mt ~0-2mt Automotive TKCSA Pipe&Tube Appliances ~5mt SSC Construction DeutscheBankCorporateConference May20,2010 13 Developing the future.
Slide 15: Transatlantic Strategy Based on Optimum Cost-Quality Position
TransatlanticStrategyBasedonOptimumCost-QualityPosition Industrialcostcurve20122hot-rollingcapacities,NAFTA3USD/t;mt/yr Keyfacts ThyssenKruppCSA USD/t SepetibaBay, SantaCruz, Premiumquality & RiodeJaneiro,Brazil Ø prices Cokingplant: 1.9mt/yrofcoke technologyleadership TKBASteel Americas Sinterplant
Slide 16: Stainless Global
StainlessGlobal Q22009/10Highlights EBTin€m EBT EBTadjusted Orderintakein€m 23073 21563 2693 21143 2593 21173 22023 Q1 22433 1,560 23673 Q4 Q2 1,207 1,155 Q3 967 818 943 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 2008/09 2009/10 2008/09 2009/10 CommentsQ22qoq3 Currenttradingconditions Lossexpansionduetoloweraverage ba
Slide 17: Stainless Global: Output, Shipments and Average Transaction Price
StainlessGlobal:Output,ShipmentsandAverageTransactionPrice Crudesteeloutput* 1,000t/quarter ShipmentsStainless*:Hot-rolledandcold-rolledproducts 1,000t/quarter *includingcarbon,forging,Ni-Alloys Hot-rolled,includingslabs *consolidated Cold-rolled,includingprecisionstrip 567 576 690 510 516 531 630 6
Slide 18: Materials Services
MaterialsServices Q22009/10Highlights EBTin€m EBT EBTadjusted Orderintakein€m 112 30 31 60 2193 4,016 Q1 21063 Q1 Q2 21283 2913 2,881 3,059 2,719 2,469 2,681 Q4 Q2 Q3 2008/09 2009/10 Q1 Q2 Q3 Q4 Q1 Q2 2008/09 2009/10 CommentsQ22qoq3 Currenttradingconditions Gradualimprovementofvolumesandpricesthroug
Slide 19: Elevator Technology
ElevatorTechnology Q22009/10Highlights EBTin€m EBT EBTadjusted Orderintakein€m 124 1,562 159 166 155 153 1,189 1,186 1,230 149 1,101 1,215 96 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 2008/09 2009/10 2008/09 2009/10 CommentsQ22qoq3 Currenttradingconditions Highprofitandmarginlevels NewInstallationsbottomi
Slide 20: Strategic Direction of Elevator Technology
StrategicDirectionofElevatorTechnology PerformanceImprovement GrowthofServiceBusiness Efficientandglobalproductionnetwork Unitsunder Harmonizedproductportfoliobasedon maintenance globalplatforms FocusonService&Modernization 1,000,000 Standardizationofprocesses +100,000 EBITadj.€m EBIT% 950,000 Units
Slide 21: Plant Technology
PlantTechnology Q22009/10Highlights EBTin€m EBT EBTadjusted Orderintakein€m 79 66 1,751 99 95 1,324 74 65 73 37 807 824 517 463 Q1 Q2 Q3 223 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q4 2008/09 2009/10 2008/09 2009/10 CommentsQ22qoq3 Currenttradingconditions NormalizationoforderintakeafterverystrongQ1which Increasing
Slide 22: Components Technology
ComponentsTechnology Q22009/10Highlights EBTin€m EBT EBTadjusted Orderintakein€m 2213 2763 21043 63 53 43 Q1 2473 21013 Q1 Q2 Q2 1,290 1,337 Q3 23633 1,016 1,169 899 972 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2008/09 2009/10 2008/09 2009/10 CommentsQ22qoq3 Currenttradingconditions Increasingdemandfromautomotiveindust
Slide 23: Plant Technology & Components Technology: Relevant industries behind the trough?
PlantTechnology&ComponentsTechnology: Relevantindustriesbehindthetrough? PlantTechnology ComponentsTechnology PlantEngineering Automotive InfrastructureandEnergy Cement, PassengerCars/ HeavyCommercial Earth-moving WindEnergy ChemicalPlants Minerals,Mining LightComm.Veh. Vehicles Equipment Equipment
Slide 24: Marine Systems
MarineSystems Q22009/10Highlights EBTin€m EBT EBTadjusted Orderintakein€m Impactofcancellations container ships,mega yachts, submarinesGreece% 33 2473 2313 2453 253 8 1,856 Q1 21173 21273 2103 273 Q2 Q1 Q2 ~100 110 139 Q3 23433 193 ~500 ~1,000 Q1 Q2 23393 Q1 Q2 28403 Q3 Q4 Q4 2008/09 2009/10 2008/09
Slide 25: Marine Systems: Target Structure
MarineSystems:TargetStructure Exitfromcivilshipbuilding;focusonnavalengineeringandsubmarines Howaldtswerke DeutscheWerft Blohm+VossNordseewerke Blohm+VossShipyards &Services @HDWA @BVNA @BVSSA Kiel Hamburg Emden Hamburg Submarines Naval Mega Yachts Container Naval Service Components Mega Yachts Subm
Slide 26: Agenda
Agenda GroupPerformance andFinancials BusinessAreaPerformance GroupOutlook DeutscheBankCorporateConference May20,2010 25 Developing the future.
Slide 27: Outlook FY2009/10 – Return to Profitability
OutlookFY2009/10– ReturntoProfitability Sales Moderatestabilization Significantimprovementinearnings,despitenegativeimpactofAmericasprojects: Lowthree-digitmillion€ positive, EBTadjusted incl.projectcosts,startuplosses,depreciationandinterestexpensesof Americasprojects2mid-rangethree-digitmillion€3
Slide 28: Expectations H2 2009/10 – Business Areas
ExpectationsH22009/10– BusinessAreas SteelEurope ElevatorTechnology Significantrawmaterial priceincreases ! Strengthinmodernizationand servicesbusiness SteelAmericas PlantTechnology Start-uplossesfrom Americasprojects ! Goodearningsvisibility StainlessGlobal Components Technology Stabilizationofvolu
Slide 29: The Way Forward to Sustainable Value Creation
The WayForwardtoSustainable ValueCreation FY2008/09 FY2009/10 FY2010/11etseq. Profitability ValueCreation Liquidity EBT>0 TKVAandFCF>0 Operatingcashflow:€3.7bn Strongcostcontrol Strongcostcontrol Capex reduction: Realizationofsustainable StartupofSteel&Stainless <€4.3bn spent costsavings: Americaswi
Slide 30: German & Austrian Corporate Conference
German&Austrian CorporateConference DeutscheBank Frankfurt/Main– May20,2010 Dr.AlanHippe,CFO
Slide 31: Disclaimer ThyssenKrupp AG
DisclaimerThyssenKruppAG “Theinformationsetforthandincludedinthispresentationisnotprovidedinconnectionwithanofferorsolicitationforthepurchase orsaleofasecurityandisintendedforinformationalpurposes only. Thispresentationcontainsforward-lookingstatementsthataresubjecttorisksanduncertainties. Statement
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