Thyssenkrupp Ag · XETR:TKA
Thyssenkrupp — Investor Presentation (June 2014)
69 slides from Thyssenkrupp's investor presentation, June 2014
Slide 1: Presentation Facts & Figures June 2014
Presentation Facts & Figures June 2014 Developing the future.
Slide 2: Agenda
Agenda Presentation slides 2-12 • Key Figures, Strategic Way Forward and Group Outlook • Group Performance, Financials and Conclusion Facts & Figures slides 16-67 Presentation ThyssenKrupp June 2014 1 Developing the future.
Slide 3: H1 2013/14: Progress in De-Risking Supporting Group Transformation
H1 2013/14: Progress in De-Risking Supporting Group Transformation Significantly reduced losses/cash drain at Steel Americas by sale of Steel USA, slab supply contract & operational improvements CSA (EBITDA adj. ~breakeven in 13/14) Termination of Outokumpu exposure through asset swap and sale o
Slide 4: Financial Highlights Q2 and Outlook FY
Financial Highlights Q2 and Outlook FY Order Intake • Capital Goods: H1 yoy up by 4%; Q2 yoy broadly stable €10.2 bn • Materials: H1 yoy up by 3%; Q2 yoy and qoq up EBIT adjusted • H1 yoy up by 87%; Q2 yoy 60% up and qoq 26% up €309 m • Positive contribution from 5 BAs; Steel Americas EBITDA adj. ~b
Slide 5: Sales Growing at Mid to Higher 1-Digit % Rate and EBIT Almost Doubling
Sales* Growing at Mid to Higher 1-Digit % Rate and EBIT Almost Doubling EBIT adj. FCF by driver before divest Growth / Markets Low 3-digit m€ negative Q2: €309 m now including: €586 m • DB settlement payment Q1: €246 m • AST & VDM Almost doubling vs. prior year - NWC requirements incl. €(495) m - Ca
Slide 6: Agenda
Agenda Presentation slides 2-12 • Key Figures, Strategic Way Forward and Group Outlook • Group Performance, Financials and Conclusion Facts & Figures slides 16-67 Presentation ThyssenKrupp June 2014 5 Developing the future.
Slide 7: Improving Group Orders YTD
Improving Group Orders YTD Order intake – continuing operations (million €) Order backlog – continuing operations (million €) Group cont. ops. Group cont. ops. +4% +8% yoy ytd +6%* 20,176 20,891 22,858 24,660 1.069 Steel 1.183 Americas Rest of 5.744 Group 4.631 5.023 Steel 4.704 Industrial Europe 3,
Slide 8: Volume Improvements Drive Order Intake at Components and Materials
Volume Improvements Drive Order Intake at Components and Materials Order intake – continuing operations (million €) Group cont. ops. +1% -4% yoy qoq +2%* 10,113 10,671 10,220 • CT: yoy recovery of European auto • ET: yoy currency; qoq mainly Steel 574 509 Americas seasonality effects 609 • IS: qoq b
Slide 9: Earnings Improvement to Continue into H2
Earnings Improvement to Continue into H2 EBIT adjusted (million €); EBIT adjusted margin (%) Comp. 5.3 yoy 2.0 2.0 Materials 4.6 4.4 4.8 1.2 1.7 qoq Techn. broadly Services stable 62 80 63 75 stable 58 62 34 56 11.0 11.3 11.0 10.5 2.4 2.6 Elevator yoy 0.9 qoq Steel 175 0.4 Techn. 146 172 163 up 62 1
Slide 10: Return to Positive NI in Q2 Well in Line With Targeted Profile
Return to Positive NI in Q2 Well in Line With Targeted Profile Net income/loss breakeven towards Net income reconciliation (million €) €(1.5) bn €(5.0) bn 11/12 12/13 13/14E Q2 2013/14 thereof: thereof: ThyssenKrupp AG’s stockholders: €271 m ThyssenKrupp AG’s stockholders: €269 m 42 (97) EPS* 0.48 €
Slide 11: M&A More Than Compensating Legacy Cash-Out and NWC Requirements
FCF before divest M&A More Than Compensating Legacy Cash-Out €(0.3) m Low 3-digit and NWC Requirements (4,246) m€ negative Q2 2013/14 (million €) €(2.1) bn 11/12 12/13 13/14E (4,459) (3,960) Mainly purchase price of US$1.55 bn for Steel USA plus provisional purchase price adjustments Gearing for inc
Slide 12: Balance Sheet Restructuring and Future Savings by Budd Chapter 11
Balance Sheet Restructuring and Future Savings by Budd Chapter 11 Voluntary request by The Budd Company (pure shell company of former US auto activities) for Chapter 11 leading to deconsolidation as of March 31, 2014: Exit from virtually all postretirement in million € healthcare obligations + Exit
Slide 13: Value Upside from Performance & De-Risking
Value Upside from Performance & De-Risking CT return to previous margin levels • performance measures • ramp-up new plants in BIC ET close margin gap to peers • while leverage growth opportunities Value Upside IS leverage growth opportunities Cultural change and leadership • while maintain
Slide 14: Financial Calendar – FY 2013/14
Financial Calendar – FY 2013/14 June Roadshows London (2nd), Warsaw (10th) Conferences Deutsche Bank Global Industrials and Basic Materials Conference, Chicago (4th-5th) Deutsche Bank German, Swiss & Austrian Conference 2014, Berlin (12th-13th) August Conference Call Q3 2013/14 (14th) Presentati
Slide 15: Contact Details ThyssenKrupp Investor Relations
Contact Details ThyssenKrupp Investor Relations Phone numbers +49 201-844- Dr. Claus Ehrenbeck -536464 Head of Investor Relations Christian Schulte -536966 To be added to the IR Manager (Deputy Head) IR mailing list, send us a brief e-mail Rainer Hecker -538830 with your details! IR Manager E-mail:
Slide 16: Agenda Appendix
Agenda Appendix Presentation ThyssenKrupp June 2014 15 Developing the future.
Slide 17: ThyssenKrupp – Strategic Way Forward
ThyssenKrupp – Strategic Way Forward Company Portfolio Change Performance Financial Strategic Push Positioning Optimization Management Orientation Stability Diversified Industrial Company Closed Auto Systems Mission Statement (“Leitbild”) Continuous benchmarking Profitable Significant ca
Slide 18: SWF: Progress in Change, Performance and Financial Situation
SWF: Progress in Change, Performance and Financial Situation Company Positioning Portfolio Optimization + Management Change + Performance Orientation Financial Stability + Strategic Push New Supervisory Board Chairman with compliance ~€850 m ~€2.3 bn* and corporate governance as top priority ~€850
Slide 19: ThyssenKrupp – Continuing Operations
ThyssenKrupp – Continuing Operations (incl. Steel Americas, excl. AST and VDM) ThyssenKrupp FY 2012/13: Sales €38.6 bn • EBIT adj. €586 m • Employees 156,856 Components Sales: €5.7 bn Elevator €6.2 bn Industrial €5.6 bn Technology EBIT adj.: €240 m Technology €675 m Solutions €640 m Components for
Slide 20: 5 Year Performance Track Record and Outlook
5 Year Performance Track Record and Outlook EBIT adjusted, EBIT adjusted margin (million €, %) 3.0 3.6 2.4 2.0 Materials 7.3 6.5 (1.1) 382 533 311 Services 236 Comp. 5.3 4.2 (139) Techn. (1.9) 301 503 453 240 8.8 (86) 6.8 0.9 1.133 2.2 1.5 Steel 731 247 Europe 84 143 12.5 12.2 11.0 Elevator 11.3 10.
Slide 21: Systematic Benchmarking Aiming at Best-in-Class Operations
Systematic Benchmarking Aiming at Best-in-Class Operations Selected Peers / Relevant Peer Segments Components • Chassis & Powertrain: Materials Technology Continental; NSK (JPN); TRW (USA) Services • ArcelorMittal / Distribution Solutions • Industry: • Klöckner SKF (Industrial); • Reliance Titan Int
Slide 22: ThyssenKrupp – Diversified Industrial Group
ThyssenKrupp – Diversified Industrial Group Leading market One integrated Active portfolio positions company management Diversified Industrial Company Benchmark Profitable Capital performance growth efficiency Leading Engineering Competence Presentation ThyssenKrupp June 2014 21 Developing the futur
Slide 23: Leading Engineering Competence Supports Better for More
ThyssenKrupp’s Leading Engineering Competence Supports Better for More Demand Demand Drivers Business opportunities Constraints (“more”) (“better”) Demography Climate change Reduced CO2 More consumer emissions, and capital Leading renewable goods engineering energies expertise Urbanization Finite Mo
Slide 24: Structure and Elements of ThyssenKrupp Compliance Program
Structure and Elements of ThyssenKrupp Compliance Program Compliance Culture Tone from the Top Compliance Commitment Compliance Responsibility Integrate Compliance in business processes Inform & Advise Identify Report & Act Group Policy Statements/ Risk analysis Corrective actions Guidance Notes Com
Slide 25: Key Financials (I)
Cont. Ops. Key Financials (I) (incl. Steel Americas with Steel USA until Feb 26, 2014) 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 10,063 10,113 9,401 9,059 38,636 10,671 10,220 Sales €m 9,189 9,540 9,920 9,910 38,559 9,109 10,295 EBITDA €m 369 226 356 204 1,154 468 598 EBITDA adjusted €m 3
Slide 26: Key Financials (II)
Cont. Ops. Key Financials (II) (incl. Steel Americas with Steel USA until Feb 26, 2014) 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 TK Value Added** €m (1,865) Ø Capital Employed** €m 18,045 16,607 15,566 14,827 14,827 12,187 12,732 Goodwill** €m 3,493 Capital expenditures* €m 334 287 239 453 1,313 232 220
Slide 27: Key Financials
Full Group Key Financials (incl. Inoxum in Q1 12/13 and subsequent effects from loan note vs. asset swap in 13/14) 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 11,202 10,113 9,401 9,059 39,774 10,671 10,220 Sales €m 10,412 9,540 9,920 9,910 39,782 9,109 10,295 EBITDA €m 443 223 356 190 1,212
Slide 28: Special Items
Special Items Business Area 2012/13 2013/14 (million €) Q1 Q2 Q3 Q4 FY Q1 Q2 Impairment (37) (7) (44) Disposal effect 3 1 4 CT Restructuring 1 (1) (2) (30) (32) (7) Impairment (8) Others (1) Asset disposals (1) Impairment 1 (4) (11) (14) ET Restructuring (9) (17) (23) (49) (41) (4) Others 1 (2) (1)
Slide 29: Sustainable Efficiency Gains to Support EBIT Target
Sustainable Efficiency Gains to Support EBIT Target FY 2013/14 and Mid-Term Upside Ramp-up Efficiency Gains 2015 Efficiency Gains 2015 by Business Area million € 850 Corporate 2,300 150 Industrial Solutions ~6% achieved Steel Europe ~15% ~27% H1: ~490 700 Components Technology ~14% ~13% 850 ~14% Ste
Slide 30: Improving Capex Allocation Geared to CapGoods Businesses
Improving Capex Allocation Geared to CapGoods Businesses Cash flows from investing activities incl. Steel Americas (billion €) CapGoods thereof: CT Growth SE: ~10% Materials ET IS: ~15% Maint. CT: ~60% IS ~9 MX ~33 SE ~34 ~38 3.7 AM ~32 in % in % ~33 ~62 ~8 ~11~8~7 thereof: SE: ~45% 3.2 CT: ~15% ET:
Slide 31: Solid Financial Situation
Solid Financial Situation Liquidity analysis and maturity profile of gross financial debt as of March 31, 2014 (million €) 8,760 Incl. new syndicated loan facility of €2 bn; facility due March 28, 2017 Available committed 3,715 credit facilities Total: 9,005 Cash and 5,045* cash equivalents 1,666 1,
Slide 32: Change in Innovation Ambition
Change in Innovation Ambition R&D expenses TK Group The InCar®plus Project 2013/2014 Further increase by all Business Areas planned Highlights: • 30 projects with more than 40 individual solutions • Green, cost-competitive, lightweight, 644 647 high-performing Order related R&D cost 331 343 • Body
Slide 33: Accrued Pension and Similar Obligations
Accrued Pension and Similar Obligations Accrued pension and similar obligations (in €m) Accrued pension & similar obligations expected to decrease over time (in €m) Other accrued pension- Assumption: unchanged discount rate 7,696* related obligation 7,348* 302 7,348* 252 Accrued postretirement 850 o
Slide 34: Majority of Pension Plans in Germany
Majority of Pension Plans in Germany Funded status of defined benefit obligation Development of accrued pension liabilities (FY 2012/13, in €m) (FY 2012/13, in €m) Germany Outside Germany 2,054 (199) exp. return 6.00 exp. return 5.76 DBO 6,238 6,039 5,773 6,424 2,183 (1,855) 57 385 594 Defined Plan
Slide 35: Mature Pension Schemes: Benefit Payments Higher Than Costs
Mature Pension Schemes: Benefit Payments Higher Than Costs Elements of Change in Accrued Pensions and Similar Obligations (in €m) / Position in Key Financial Statements (12) 29 (1) (1) (115) 151 7,696* 297 (566) Net periodic Net periodic pension cost postretirement cost (34) €321 m €27 m (100) 7,348
Slide 36: Continuing Tight Inventory Management at All Materials BAs
Continuing Tight Inventory Management at All Materials BAs Steel Europe Materials Services Inventories Steel Americas Inventories (Metals Services, only warehous. bus., ex Mannex) Inventories mt days mt inventories m t days mt inventories m t days 12 120 2,0 DIO 120 2,5 DIO steel products* 250 DIO r
Slide 37: Components Technology – Q2 2013/14 Highlights
Components Technology – Q2 2013/14 Highlights Order intake in €m Quarterly order intake auto components EBIT in €m; EBIT adj. margin in % Q2 2013/14: qoq/yoy increased order intake driven EBIT EBIT adjusted by continuing high demand from the US and China 80 62 63 75 1,539 1,573 57 1,492 1,439 67 1,3
Slide 38: Components Technology Key Figures
Components Technology Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 1,324 1,360 1,539 1,492 5,715 1,439 1,573 Sales €m 1,345 1,360 1,517 1,490 5,712 1,428 1,555 EBITDA €m 108 130 145 95 478 120 136 EBITDA adjusted €m 107 129 145 126 506 129 144 EBIT €m 42 64 43 20 168 55 67 EBIT a
Slide 39: Overview Business Area Components Technology
Overview Business Area Components Technology Eight Business Units in Three Clusters Sales: €5,712 m; Employees: 27,737 CHASSIS POWERTRAIN INDUSTRY (~60% of sales) (~20% of sales) (~20% of sales) STEERING DAMPERS CAMSHAFTS BEARINGS Motor Excavator FORGED & SPRINGS & MACHINED SYSTEMS STABILIZERS COMPO
Slide 40: Future Customer Challenges Create Business Opportunities
Future Customer Challenges Create Business Opportunities Leveraging Technology Base and Global Presence Future Challenges Strategic Actions Components Technology Strongest Performance Lever Explore market opportunities: Sales (million €) Strong global presence, Realign ongoing actions to optimize
Slide 41: Elevator Technology – Q2 2013/14 Highlights
Elevator Technology – Q2 2013/14 Highlights Order intake in €m Units under Maintenance EBIT in €m; EBIT adj. margin in % H1: 3,382 EBIT EBIT adjusted H1: 3,249 CAGR >1.1 m 1,801 +4.8% 1,633 1,696 1,575 1,581 172 188 175 163 ~0.8 m 146 11.2 11.3 10.5 11.0 11.0 Record 159 154 153 133 133 Q2 Q1 Q2 2004
Slide 42: Elevator Technology Key Figures
Elevator Technology Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 1,616 1,633 1,696 1,575 6,520 1,801 1,581 Sales €m 1,532 1,388 1,562 1,673 6,155 1,544 1,481 EBITDA €m 190 159 179 176 703 152 177 EBITDA adjusted €m 188 166 197 201 753 194 181 EBIT €m 171 133 154 153 611 133 159 E
Slide 43: Overview Business Area Elevator Technology
Overview Business Area Elevator Technology Elevator Technology Sales*: €6,155 m; Employees*: 49,112 Central/Eastern/ Southern Europe/ Access Americas Asia/Pacific Northern Europe Africa/Middle East Solutions Operating Unit Home elevators, stair lifts, Products/ Elevators/Escalators new installation,
Slide 44: Five Initiatives to Improve Performance and Push Growth
Five Initiatives to Improve Performance and Push Growth EBIT adj. margin 15% EBIT adj. margin | €1 bn EBIT adj. Target level 1 Manufacturing | NI Profitability! 1 Service 2 Manufacturing | Modernization | NI Growth Emerging 3 Portfolio | Restructuring 2 4 Markets 5 M&A Growth! Sales Presentation Tit
Slide 45: Industrial Solutions – Q2 2013/14 Highlights
Industrial Solutions – Q2 2013/14 Highlights Order intake in €m Order backlog in €bn EBIT* in €m; EBIT* adj. margin in % Q2 12/13 included 2 cement plants with ~€350 m, Q1 13/14 big ticket MS, Q2 13/14 major cement plant order EBIT* EBIT* adjusted 16.4 15.8 15.5 15.1 H1: 3,597 H1: 3,483 14.6 2,295 1
Slide 46: Industrial Solutions Key Figures
Industrial Solutions Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 2,002 1,595 779 907 5,283 2,295 1,188 Sales €m 1,306 1,428 1,306 1,602 5,641 1,288 1,593 EBITDA €m 155 210 174 179 718 186 211 EBITDA adjusted €m 155 191 174 183 702 186 214 EBIT €m 141 198 157 162 658 173 195 EBIT
Slide 47: Engineering Powerhouse Within ThyssenKrupp Industrial Solutions
Engineering Powerhouse Within ThyssenKrupp Industrial Solutions ThyssenKrupp Industrial Solutions (Sales: €5,641 m; Employees: 18,841) Construction (C) & Engineering (E) Procurement (P) Services (S) Know-how transfer based on common value chain 70% of employees have an engineering / technical degree
Slide 48: Enhancing Global Growth & Becoming a Global Leading Player
Enhancing Global Growth & Becoming a Global Leading Player Leveraging Growth 1 EPC, Technology & Innovation, Service, M&A >€8 bn Integration & Regionalization 2 €5.6 bn Regional Clusters, Joint Customer Marketing >10% People 3 Global Mobility, Recruiting FY 2012/13 Target Performance 4 Risk Manageme
Slide 49: Materials Services – Q2 2013/14 Highlights
Materials Services – Q2 2013/14 Highlights Order intake* in €m Materials warehousing shipments in 1,000 t EBIT in €m; EBIT adj. margin in % *thereof materials warehousing business ~60% EBIT EBIT adjusted 62 76 58 56 2.6 34 2.0 2.0 1.7 1.2 51 64 37 3,414 43 3,047 1,427 1,445 1,463 2,988 1,363 1,328 2
Slide 50: Materials Services Key Figures
Materials Services Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 2,765 2,988 3,047 2,863 11,663 2,842 3,414 thereof Special Materials 288 Sales €m 2,815 2,923 3,056 2,906 11,700 2,739 3,320 thereof Special Materials 266 EBITDA €m 59 (134) 87 85 96 62 66 EBITDA adjusted €m 63 80 84
Slide 51: Link Between Industrial and Raw Materials Producers and Customers
Link Between Industrial and Raw Materials Producers and Customers Materials Services: Sales: €11,700 m; Employees: 26,978 Producers Warehousing / • Distribution Trading Production Service Center • Value added services • Stainless steel (AST) Materials business • High performance Services • Supply ch
Slide 52: Materials Services Performance and Growth Levers
Materials Services Performance and Growth Levers Performance Before Growth! EBIT margin Performance Initiatives Profitability! Growth! • Organic growth • Selected smaller growth investments (e.g. USA, Europe) Sales Presentation ThyssenKrupp June 2014 51 Developing the future.
Slide 53: Steel Europe – Q2 2013/14 Highlights
Steel Europe – Q2 2013/14 Highlights Order intake in €m Shipments in 1,000 t EBIT in €m; EBIT adj. margin in % Ø rev/t indexed (Q1 2004/05=100) EBIT EBIT adjusted 126 127 123 121 117 62 62 42 52 2,620 2.4 19 2,430 3,109 28 2.6 2,315 2,177 2,274 3,058 3,093 20 2,839 1.8 2,580 9 0.4 14 0.9 (10) Q2 Q1
Slide 54: Steel Europe Key Figures
Steel Europe Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 2,403 2,620 2,315 2,177 9,515 2,274 2,430 Sales €m 2,253 2,512 2,562 2,293 9,620 2,074 2,389 EBITDA €m 142 98 119 154 512 126 158 EBITDA adjusted €m 142 118 166 146 572 126 168 EBIT €m 29 (10) 14 28 62 20 52 EBIT adjusted
Slide 55: Overview Business Area Steel Europe
Overview Business Area Steel Europe Key Figures Steel Europe 2008/09 2009/10 2010/11 2011/12 2012/13 Sales €m 9,570 10,770 12,814 10,992 9,620 Crude steel kt 9,226 13,296 13,247 11,860 11,646 Shipments kt 9,341 12,009 13,022 12,009 11,519 EBITDA €m 487 1,301 1,670 659 513 EBIT €m (134) 731 1,133 188
Slide 56: Program Geared to Achieve +ve TKVA Over the Cycle
Program Geared to Achieve +ve TKVA Over the Cycle Costs Comprehensive market & • structural adjustments >€500 m/yr competition • operational improvements gross EBIT effects review • exit non-core activities by FY 2014/15 Mix • expand attractive niches ~€150 m/yr • adjust Capex strategy gross EBIT e
Slide 57: Comprehensive Cost & Differentiation Program
Costs Comprehensive Cost & Differentiation Program Geared to Mix Differentiation Sustainable Improvement of Profit and Cash Flow Profile EBIT adj. / EBITDA adj. * in € bn Business Cash-Flow** in € bn EBITDA adj. EBIT adj. TKVA in € bn historically with manageable volatility sig +ve EBIT adj. / BCF i
Slide 58: 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 3,324 3,312 3,418 2,965 2,986 3,097 2,941 3,146 3,002 3,256 3,002 3,058 3,
Slide 59: Steel: Inventories and Months of Supply
Steel: Inventories and Months of Supply Inventories and Inventories and Inventories Months of Supply - Germany Months of Supply - USA China Inventories MOS Inventories MOS Inventories [m t] [months] [m st] [months] [m t] Germany: German Steel Traders: March inventories USA: March MSCI inventories, c
Slide 60: Steel Americas – Q2 2013/14 Highlights
Steel Americas – Q2 2013/14 Highlights Order intake in €m Production & shipments in 1,000 t EBIT in €m EBIT EBIT adjusted 887 823 986 998 987 Slab production 1 117 609 CSA 574 Q2 Q1 Q2 (44) (17) 509 (26) 496 491 2012/13 2013/14 (136) (192) 903 854 936 923 1,034 (193) Slab shipments CSA (821) Q2 Q1 Q
Slide 61: Steel Americas Key Figures
Steel Americas Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 560 509 496 491 2,056 609 574 Sales €m 488 501 472 406 1,867 538 535 EBITDA €m (87) (12) (162) (205) (467) 29 143 EBITDA adjusted €m (87) (12) (162) (106) (368) 10 1 EBIT €m (122) (44) (192) (821) (1,180) 1 117 EBIT adju
Slide 62: Steel Americas: TKS USA Divested And Forward Strategy TK CSA Defined
Steel Americas: TKS USA Divested And Forward Strategy TK CSA Defined Current focus on operating improvements in Brazil Exit TK Steel USA slab sales TK CSA Sale to MT/NSSMY in m t/yr Price: $1.55 bn 3.5 • stabilization & TKS USA 3.3 continuous ramp-up Alabama • efficiency imprvmts 2.8 • implement sal
Slide 63: EBITDA Breakeven Targeted in FY 2013/14, Cash B/E in FY 2014/15
EBITDA Breakeven Targeted in FY 2013/14, Cash B/E in FY 2014/15 3.5 BRL/USD 2010/11 2011/12 2012/13 2013/14E 2014/15E 3.0 BCF ~breakeven 2.5 (0.4) EBITDA adj. during FY (0.5) (0.2) ~breakeven 2.0 (0.6) (0.7) 1.5 assuming 1.0 (1.1) (0.5) 2004 2006 2008 2010 2012 2014 no major headwinds from F/X and r
Slide 64: Corporate: Overview
Corporate: Overview Corporate 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Order intake €m 55 43 43 49 190 42 43 Sales €m 55 43 43 49 190 42 42 EBITDA €m (102) (128) (73) (154) (458) (107) (188) EBITDA adjusted €m (88) (110) (83) (105) (386) (94) (108) EBIT €m (112) (139) (83) (166) (500) (116) (199) EBIT a
Slide 65: ThyssenKrupp Rating
ThyssenKrupp Rating Long term- Short term- Outlook rating rating Standard & Poor’s BB B negative Moody’s Ba1 Not Prime negative Fitch BB+ B negative Presentation ThyssenKrupp June 2014 64 Developing the future.
Slide 66: Management Compensation Aligned with Shareholder Interest
Management Compensation Aligned with Shareholder Interest Group Board: 50% Group EBIT / 50% ROCE, Performance 25% paid out as phantom stock* with 3 years holding requirement bonus BA Board: 30% Group EBIT, FCF and TKVA / 70% BA EBIT, BCF and TKVA, 20% paid out as phantom stock* with 3 years hold
Slide 67: Shareholder Structure
Shareholder Structure AKBH Foundation 23.03% Free Float 76.97% Private Investors 10.00% International Mutual Funds 66.97% incl. Cevian Capital15.08% Source: WpHG Announcements; ThyssenKrupp Shareholder ID 03/2014 Presentation ThyssenKrupp June 2014 66 Developing the future.
Slide 68: 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 69: 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