Thyssenkrupp Ag · XETR:TKA
Thyssenkrupp — Non-Deal Roadshow (December 2014)
68 slides from Thyssenkrupp's roadshow presentation, December 2014
Slide 1: Presentation Facts & Figures November/December 2014
Presentation Facts & Figures November/December 2014 Developing the future.
Slide 2: Agenda
Agenda Presentation slides 2-12 • Key Figures, Group Outlook and Strategic Way Forward • Group Performance and Financials Facts & Figures slides 17-66 Presentation ThyssenKrupp November/December 2014 1 Developing the future.
Slide 3: Strategic Way Forward – Progress in Profit and Cash
Strategic Way Forward (SWF) – Progress in Profit and Cash SWF Targets achieved and further performance upside in FY 2014/15 Growth / Markets EBIT adj. Net Income/ Loss* FCF before divest €1.3 bn €195 m Order Backlog €(254) m 2013/14 2013/14 2013/14 (€bn) ~0.85 ∑~2.5 EBIT adj. > doubled Positive
Slide 4: Financial Highlights FY 2013/14
Financial Highlights FY 2013/14 Order Intake • Capital Goods: FY +7% (+10%*) €41.4 bn • Materials: FY +7% (+4%*) Order Backlog • +5% yoy • New record of Elevator Technology (€4.1 bn) €23.9 bn • High level of Industrial Solutions (~€14.0 bn) EBIT adj. • yoy more than doubled €1,333 m • Improvements y
Slide 5: FY 2014/15E: EBIT adj. at least €1.5 bn, Sales Growing at 1-Digit % Rate
FY 2014/15E: EBIT adj. at least €1.5 bn, Sales Growing at 1-Digit % Rate* EBIT adj. at least CT Higher sales with slightly increased €1.5 bn earnings by ramp-up new plants and €1.3 bn Growth / Markets efficiency/restructuring 14/15E ? ET Higher sales with increased earnings & margin improvement
Slide 6: Entering the Next Phase in the Transformation Journey
Entering the Next Phase in the Transformation Journey: SWF More Structural Growth and Less Cyclical Volatility • EBIT adj.: at least €1.5 bn • Establishing EBIT adj. floor with ~€2 bn as minimum requirement • NI: further improvement • Sustainable cash generation • FCF before divest: at least break-e
Slide 7: Agenda
Agenda Presentation slides 2-12 • Key Figures, Group Outlook and Strategic Way Forward • Group Performance and Financials Facts & Figures slides 17-66 Presentation ThyssenKrupp November/December 2014 6 Developing the future.
Slide 8: Strong Demand at Capital Goods Driving Group Orders
Strong Demand at Capital Goods Driving Group Orders Order intake – continuing operations (million €) Group cont. ops. Book-to-Bill >1 +7% yoy +7%* • CT: +8% yoy (+10%*) 38,636 41,416 stronger auto but challenging truck markets; recovery of wind energy (bearings) 2,215 Steel 2,056 Americas • ET: +5%
Slide 9: All BAs with Increased Earnings YoY (MX ex VDM/AST)
All BAs with Increased Earnings YoY (MX ex VDM/AST) Sales – continuing operations (million €) EBIT adj. – continuing operations (million €) Group cont. ops. Group cont. ops. +7% >doubling yoy +7%* 38,559 41,304 586 1,333 2,014 2,060 1,867 Steel Americas Industrial 738 Steel 8,857 Solutions 640 Indus
Slide 10: Positive Contribution From Almost All Business Areas in Q4
Positive Contribution From Almost All Business Areas in Q4 EBIT adjusted (million €); EBIT adjusted margin (%) Efficiency gains yoy/seasonality qoq Negative contributions from VDM/AST yoy 4.4 4.8 4.4 2.6 3.8 3.8 1.7 1.5 1.7 Comp. 75 70 1.2 76 65 Materials 63 57 61 56 58 Techn. 34 Services AST/VDM: (
Slide 11: 1st Positive Net Income in 3 Years Marking Milestone in Transformation
1st Positive Net Income in 3 Years Marking Milestone in Transformation Net Income reconciliation – continuing operations (million €) FY 2013/14 incl. pro-rata losses from OTK stake thereof: of €52 m in Q1 ThyssenKrupp AG’s stockholders: €24 m 1,333 (368) 9M Q4 965 (723) thereof: Special EPS* Thyssen
Slide 12: NFD and Gearing YoY Down Significantly
NFD and Gearing YoY Down Significantly FY 2013/14 (million €) 14/15E Targets (5,038) (3,488) Capex: ~€1.5 bn Gearing: <100% Gearing FCF before divest: FCF 799 at least break-even 109.0% 882 FCF before divest (254) Gearing Cash-in c/i 200.6% (gross) (131) Others NFD 887 (1,141) 1,053 Sep 2014 Equity
Slide 13: Outlook Q1 2014/15 (pro forma figures after definition change)
Outlook Q1 2014/15 (pro forma figures after definition change) EBIT adj. FCF before divest €586 m Mid to high 3-digit €m negative €376 m normal seasonality €241 m yoy €(85) m and aperiodic NWC items improvement Q1 Q4 Q1 Q1 Q4 Q1 Q1 13/14 including early customer payments at IS 13/14 13/14 14/15E 13/
Slide 14: Financial Calendar – FY 2014/15
Financial Calendar – FY 2014/15 December Roadshows London (2nd), Stockholm (4th), Frankfurt (8th) Conferences Société Générale Premium Review Conference, Paris (4th) Capital Market Day, London (11th) January Conferences Commerzbank German Investment Seminar, New York (12th-13th) UniCredit Kepler
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: Share and ADR Data
Share and ADR Data Shares outstanding as per September 30, 2014 565,937,947 Type of share No-par-value bearer shares Voting One share, one vote Share Data Ticker Symbol TKA German Security Identification Number (WKN) 750 000 ISIN Number DE0007500001 Exchange Frankfurt, Dusseldorf ADR Data Ratio (ord
Slide 17: Agenda Appendix
Agenda Appendix Presentation ThyssenKrupp November/December 2014 16 Developing the future.
Slide 18: ThyssenKrupp – Strategic Way Forward
ThyssenKrupp – Strategic Way Forward More & Better Diversified Industrial Company Positioning Sustainability Change People Performance Customers & Financial Strategic Management Success Orientation Markets Stability Push Mission Employee Active portfolio Brand Balanced White/adjacent Sta
Slide 19: ThyssenKrupp – Continuing Operations
ThyssenKrupp – Continuing Operations ThyssenKrupp FY 2013/14: Sales €41.3 bn • EBIT adj. €1.3 bn • Employees 160,745 Components Sales: €6.2 bn Elevator €6.4 bn Industrial €6.3 bn Technology EBIT adj.: €269 m Technology €751 m Solutions €738 m Components for the Elevators Petrochemical complexe
Slide 20: 5 Year Performance Track Record
5 Year Performance Track Record EBIT adjusted, EBIT adjusted margin (million €, %) 3.0 3.6 2.4 2.0 1.6 Materials 7.3 6.5 382 533 311 Services 236 213 Comp. 5.3 4.2 4.4 Techn. 301 503 453 240 269 8.8 6.8 1,133 2.2 1.5 2.4 Steel 731 247 143 216 Europe 12.5 12.2 11.0 11.7 Elevator 10.3 Techn. 646 641 5
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 Active portfolio One integrated Capital management company efficiency Diversified Industrial Company Leading market Benchmark Profitable positions performance growth Leading Engineering Competence Presentation ThyssenKrupp November/December 2014 21 Develop
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 Integrating Compliance in Business Processes Inform & Advise Identify Report & Act Group Policy Statements/ Risk Analysis Corrective Actions Guidance Notes C
Slide 25: Mid- to Long-Term Perspective From Strategic Way Forward
Mid- to Long-Term Perspective From Strategic Way Forward CT return to previous margin levels (6-8%) • performance measures • ramp-up new plants Profitability ET close margin gap to peers • while leverage growth opportunities Profitability • target: 15%* I €1 bn (EBIT adj.) before growth IS sal
Slide 26: Impact on KPIs from Definition Change and Proportionate Consolidation HKM
Impact on KPIs from Definition Change and Proportionate Consolidation HKM Definition change Δ proportionate KPI FY 2013/14 FY 2013/14 (net prepayment surplus, correction factor, consolidation HKM (in million €) old definition pro forma capitalized interest) as of Oct 1st, 2014 Sales 41,304 41,304 ~
Slide 27: Entering the Next Phase in the Transformation Journey: Return to Dividend
Entering the Next Phase in the Transformation Journey: Return to Dividend 700 2 635 603 Dividend payment (€m) 1.8 600 Dividend (€/share) 1.6 489 500 1.30 1.30 1.4 412* 400 1.2 1.00 1 299 0.80* 300 0.8 0.60 232 209 200 0.6 139 0.45 0.45 0.4 100 0.30 62** 0.2 0.11** 0 0 2003/04 2004/05 2005/06 2006/07
Slide 28: 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 Q3 Q4 FY Order intake €m 10,063 10,113 9,401 9,059 38,636 10,671 10,220 10,161 10,364 41,416 Sales €m 9,189 9,540 9,920 9,910 38,559 9,109 10,295 10,742 11,158 41,304 EBITDA €m
Slide 29: 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 Q3 Q4 FY TK Value Added** €m (1,865) 5 TK Value Added* €m (213) Ø Capital Employed** €m 17,102 16,136 15,251 14,591 14,591 12,187 12,732 12,903 12,727 12,727 Ø Capital Employe
Slide 30: Key Financials (III)
Full Group Key Financials (III) (Cont. ops. + Inoxum effects until Q2 13/14) 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 11,202 10,113 9,401 9,059 39,774 10,671 10,220 10,161 10,364 41,416 Sales €m 10,412 9,540 9,920 9,910 39,782 9,109 10,295 10,742 11,158 41,304 EBITDA €m 443 223
Slide 31: Special Items
Special Items Business Area 2012/13 2013/14 (million €) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Disposal effect 3 1 4 2 2 Impairment (37) (7) (44) CT Restructuring 1 (1) (2) (30) (32) (7) (4) (14) (25) Others (1) (8) (1) (1) (11) Disposal effect (1) 1 Impairment 1 (4) (11) (14) (11) (11) ET Restructuring (9)
Slide 32: Sustainable Efficiency Gains to Support EBIT Target FY 2014/15E
Sustainable Efficiency Gains to Support EBIT Target FY 2014/15E Ramp-up Efficiency Gains 2015 Efficiency Gains 2015 by Business Area million € Corporate ~850 ~2,500 ~6% Industrial Solutions ~15% Steel Europe ~27% Components Technology ~14% >1,000 ~13% ~14% Steel Americas Elevator Technology ~12% Mat
Slide 33: Capex Allocation
Capex Allocation Cash flows from investing activities – continuing operations CapGoods (CT, ET, IS) Group cont. ops. CT Materials (MX, SE, AM) ~€1.5 bn ET IS ~7 MX ~29 €1.3 bn SE ~34 ~35 in % AM ~33 €1.1 bn ~8 ~13 ~7 CT 31% ~8 32% thereof: ET 11% Growth CT: ~60% IS 5% 8% Maint. SE: ~20% IS: ~10% MX
Slide 34: Solid Financial Situation
Solid Financial Situation Liquidity analysis and maturity profile of gross financial debt as of September 30, 2014 (million €) 7,769 Available committed 3,775 credit facilities Total: 7,482 €1 bn / 8.5% bond matures in Feb 2016 (all other outstanding bonds with coupon <5%) Cash and 3,994* cash equiv
Slide 35: Innovation as Key Element in Diversified Industrial Concept
Innovation as Key Element in Diversified Industrial Concept R&D expenses TK Group The InCar®plus Project 2013/2014 Further increase by all Highlights: Business Areas planned • 30 projects with more than 40 individual solutions • Green, cost-competitive, lightweight, 708 high-performing 647 Order r
Slide 36: 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) Accrued postretirement 7,348* 7,354 obligation other than Assumption: unchanged discount rate 191 10 pensions 7,354 698 436 252 388 Oth
Slide 37: Majority of Pension Plans Subject to German Pension Accounting
Majority of Pension Plans Subject to German Pension Accounting Funded status of defined benefit obligation Development of accrued pension liabilities (FY 2013/14, in €m) (FY 2013/14, in €m) Germany Outside Germany 2,305 (215) DBO 6,932 6,717 6,344 7,153 2,473 (2,090) 53 436 756 Defined Plan assets A
Slide 38: 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 Actuarial losses due to lower discount rate 125 5 (5) 15 overcompensate deconsolidation effect (Budd) (537) 217 206 7,354 7,348* (2
Slide 39: Components Technology – Q4 2013/14 Highlights
CT Components Technology – Q4 2013/14 Highlights Order intake in €m Quarterly order intake auto components EBIT in €m; EBIT adj. margin in % Q4 2013/14: yoy increase in order intake EBIT adjusted EBIT mainly driven by continuing strong demand for LV in the US and China 75 70 63 61 1,611 57 1,573 1,5
Slide 40: Components Technology Key Figures
CT Components Technology Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,324 1,360 1,539 1,492 5,715 1,439 1,573 1,611 1,534 6,157 Sales €m 1,345 1,360 1,517 1,490 5,712 1,428 1,555 1,603 1,586 6,172 EBITDA €m 108 130 145 95 478 120 136 135 123 514 EBITDA adjusted €m 107
Slide 41: Components Technology – Overview
Components Technology – Overview CT Eight Business Units in Three Clusters Sales: €6,172 m; Employees: 28,941 CHASSIS POWERTRAIN INDUSTRY (~60% of sales) (~20% of sales) (~20% of sales) STEERING DAMPERS CAMSHAFTS BEARINGS Motor Excavator FORGED & SPRINGS & MACHINED SYSTEMS STABILIZERS COMPONENTS UND
Slide 42: Elevator Technology – Q4 2013/14 Highlights
ET Elevator Technology – Q4 2013/14 Highlights Order intake in €m Units under Maintenance EBIT in €m; EBIT adj. margin in % FY: 6,520 FY: 6,819 ~ 1.2 m EBIT adjusted EBIT CAGR 1,801 1,746 +4.6% 220 1,575 1,580 1,692 188 193 ~0.8 m 175 163 12.0 12.3 11.2 11.3 11.0 153 133 159 184 80 Q4 Q3 Q4 2004/05
Slide 43: Elevator Technology Key Figures
ET Elevator Technology Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 1,616 1,633 1,696 1,575 6,520 1,801 1,580 1,692 1,746 6,819 Sales €m 1,532 1,388 1,562 1,673 6,155 1,544 1,481 1,609 1,782 6,416 EBITDA €m 190 159 179 176 703 152 177 204 109 642 EBITDA adjusted €m 188 1
Slide 44: Elevator Technology – Overview
ET Elevator Technology – Overview Elevator Technology Sales*: €6,416 m; Employees*: 50,282 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, Passenge
Slide 45: Five Initiatives to Improve Performance and Push Growth
Five Initiatives to Improve Performance and Push Growth ET 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
Slide 46: Industrial Solutions – Q4 2013/14 Highlights
IS Industrial Solutions – Q4 2013/14 Highlights Order intake in €m Order backlog in €bn EBIT* in €m; EBIT* adj. margin in % Q1 13/14 big ticket MS FY: 5,732 EBIT adjusted EBIT FY: 5,283 14.6 15.5 15.1 14.6 14.0 199 199 190 2,295 Systems 173 Systems 176 Marine Marine 164 12.5 12.0 13.4 1,188 1,213 10
Slide 47: Industrial Solutions Key Figures
IS Industrial Solutions Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 2,002 1,595 779 907 5,283 2,295 1,188 1,035 1,213 5,732 Sales €m 1,306 1,428 1,306 1,602 5,641 1,288 1,593 1,585 1,805 6,271 EBITDA €m 155 210 174 179 718 186 211 204 200 801 EBITDA adjusted €m 155 191
Slide 48: Industrial Solutions – Engineering Powerhouse Within ThyssenKrupp
Industrial Solutions – Engineering Powerhouse Within ThyssenKrupp IS Industrial Solutions Order intake: €5,732 m | Sales: €6,271 m | Employees: 18,546 Process Resource Marine System Unit Technologies Technologies Systems Engineering Chemicals Mining Submarines Automotive Market Fertilizer Cement Nav
Slide 49: Enhancing Growth Across All Regions & Becoming a Global Leading Player
Enhancing Growth Across All Regions & Becoming a Global Leading Player IS Leveraging Growth 1 EPC, Technology & Innovation, Service, M&A >€8 bn Integration & Regionalization €6.3 bn 2 €5.6 bn Regional Clusters, Joint Customer Marketing Market Growth People 3 Growth Strategy Global Mobility, Recruiti
Slide 50: Materials Services – Q4 2013/14 Highlights
MX Materials Services – Q4 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% excl. VDM/AST shipments EBIT adjusted EBIT VDM/ 76 AST 65 56 58 3,700 3,725 3,414 1,463 1,445 1,394 2.6 34 1,32
Slide 51: Materials Services Key Figures
MX Materials Services Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 2,765 2,988 3,047 2,863 11,663 2,842 3,414 3,700 3,725 13,682 thereof Special Materials 288 731 599 1,618 Sales €m 2,815 2,923 3,056 2,906 11,700 2,739 3,320 3,780 3,821 13,660 thereof Special Materials 2
Slide 52: Link Between Industrial and Raw Materials Producers and Customers
Link Between Industrial and Raw Materials Producers and Customers MX Materials Services: Sales: €13,660 m; Employees: 30,289 Producers Warehousing / • Distribution Trading Production Service Center • Value added services • Stainless steel (AST) Materials business • High performance Services • Supply
Slide 53: Materials Services – Performance and Growth Levers
Materials Services – Performance and Growth Levers MX Performance Before Growth! EBIT margin Performance Initiatives Profitability! Growth! • Organic growth • Selected smaller growth investments (e.g. USA, Europe) Sales Presentation ThyssenKrupp November/December 2014 52 Developing the future.
Slide 54: Steel Europe – Q4 2013/14 Highlights
SE Steel Europe – Q4 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 adjusted EBIT 103 123 121 117 119 118 4.6 2,430 62 2,274 3,109 42 2,177 2,178 2,858 2,847 2,036 2,839 32 2,580 19 2.6 1.8 1.5 0.9 28 20 52 92 28 Q4
Slide 55: Steel Europe Key Figures
SE Steel Europe Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 2,403 2,620 2,315 2,177 9,515 2,274 2,430 2,178 2,036 8,919 Sales €m 2,253 2,512 2,562 2,293 9,620 2,074 2,389 2,228 2,166 8,857 EBITDA €m 142 98 119 154 512 126 158 192 117 592 EBITDA adjusted €m 142 118 166 1
Slide 56: Overview Business Area Steel Europe
SE Overview Business Area Steel Europe Key Figures Steel Europe 2009/10 2010/11 2011/12 2012/13 2013/14 Sales €m 10,770 12,814 10,992 9,620 8,857 Crude steel kt 13,296 13,247 11,860 11,646 12,249 Shipments kt 12,009 13,022 12,009 11,519 11,393 EBITDA €m 1,301 1,670 659 512 592 EBIT €m 731 1,133 188
Slide 57: Comprehensive Cost & Differentiation Program
Costs Comprehensive Cost & Differentiation Program Geared to Mix SE Sustainable Improvement of Profit and Cash Flow Profile Differentiation 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
SE 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 3,119 3,002 3,256 3,002
Slide 59: Steel Americas – Q4 2013/14 Highlights
AM Steel Americas – Q4 2013/14 Highlights Order intake in €m Production & shipments in 1,000 t EBIT in €m EBIT adjusted EBIT 986 998 987 1,071 1,054 Slab production 16 620 609 CSA 574 Q4 Q3 Q4 (17) (26) 2012/13 2013/14 (33) 491 412 1,130 (821) 1 117 8 (54) 936 923 1,034 1,046 Slab shipments (136) CS
Slide 60: Steel Americas Key Figures
AM Steel Americas Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 560 509 496 491 2,056 609 574 412 620 2,215 Sales €m 488 501 473 406 1,867 538 535 441 546 2,060 EBITDA €m (87) (12) (162) (205) (467) 29 143 33 (16) 188 EBITDA adjusted €m (87) (12) (162) (106) (368) 10 1 40
Slide 61: US Assets Divested And Forward Strategy TK CSA Defined
US Assets Divested And Forward Strategy TK CSA Defined AM Current focus on operating improvements in Brazil Exit TK Steel USA slab sales TK CSA 4.1 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 sales orga
Slide 62: Positive EBITDA in FY13/14, Cash Break-Even Targeted in FY14/15
Positive EBITDA in FY‘13/14, Cash Break-Even Targeted in FY’14/15 AM 2010/11 2011/12 2012/13 2013/14 2014/15E 3.5 BRL/USD 0.05 (0.2) (0.1) 3.0 (0.4) BCF 2.5 (0.5) (0.2) ~break-even (0.6) during FY ‘14/15 2.0 (0.7) 1.5 Positive (1.1) (0.5) EBITDA adj 1.0 in FY 2013/14 2004 2006 2008 2010 2012 2014 as
Slide 63: Corporate: Overview
Corporate: Overview Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Order intake €m 55 43 43 49 190 42 43 41 51 177 Sales €m 55 43 43 49 190 42 43 41 51 177 EBITDA €m (102) (128) (73) (154) (458) (107) (188) (130) (88) (513) EBITDA adjusted €m (88) (110) (83) (105) (386) (94) (108) (127) (
Slide 64: 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 November/December 2014 63 Developing the future.
Slide 65: Enhanced Management Compensation: Strengthening of LTI
Enhanced Management Compensation: Strengthening of LTI LTI: Share price, TKVA (target TKVA = 0) Payout now limited to 250% of initial value (formerly: 300%) Long-Term 50% Increase of €20 m Ø TKVA (if TKVA >0) = 1% increase in number of rights 60% Incentive Plan Variable (LTI) Reduction of €10 m
Slide 66: Shareholder Structure
Shareholder Structure AKBH Foundation 23.03% Free Float 76.97% Private Investors 10.00% International Mutual Funds 66.97% incl. Cevian Capital 15.08% Source: WpHG Announcements; ThyssenKrupp Shareholder ID 09/2014 Presentation ThyssenKrupp November/December 2014 65 Developing the future.
Slide 67: 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 68: 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