Thyssenkrupp Ag · XETR:TKA
Thyssenkrupp — Corporate Update (October 2011)
44 slides from Thyssenkrupp's corporate update, Oct 13, 2011
Slide 1: ThyssenKrupp Steel Americas – CSA Plant Tour
ThyssenKrupp Steel Americas ThyssenKrupp CSA Siderúrgica do Atlântico Plant Tour Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel Americas
Slide 2: 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
Slide 3: Agenda
Agenda { ThyssenKrupp Group & Steel Americas in Q3 2010/11 { Forward Strategy Steel in Americas Transatlantic Steel Concept Market Environment { Conclusion { Appendix ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel A
Slide 4: ThyssenKrupp Group: Strengthening Structural Earning Power
ThyssenKrupp Group: Strengthening Structural Earning Power EBIT adjusted development (million €) EBIT adj. Group EBIT adj. Group excl. Steel Americas EBIT adj. Steel Americas 816 756 696 651 566 566 497 372 425 348 277 293 273 105 (71) (79) (130) (190) (320) (319) (378) Q3 Q2 Q3 2010/11 ThyssenKrupp
Slide 5: Steel Americas – Q3 2010/11 Highlights
Steel Americas – Q3 2010/11 Highlights Order intake in €m Production & shipments in 1,000 t EBIT in €m 880 651 Slab production 430 (130) (190) CSA 36 (320) (319) Q4 Q1 Q2 Q3 (378) 504 2010/11 268 403 Shipments 306 24 22 84 115 Steel USA 2 Q3 Q2 Q3 Q3 Q2 Q3 2010/11 Q4 Q1 Q2 Q3 2010/11 2010/11 1st Coi
Slide 6: Agenda
Agenda { ThyssenKrupp Group & Steel Americas in Q3 2010/11 { Forward Strategy Steel in Americas Transatlantic Steel Concept Market Environment { Conclusion { Appendix ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel A
Slide 7: Transatlantic Steel Concept (I)
Transatlantic Steel Concept (I) 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-rolled - >5* 17 C
Slide 8: Transatlantic Steel Concept (II)
Transatlantic Steel Concept (II) Steel Network Materials Technologies Raw materials logistics Efficiency Production Outbound logistics Technology Quality Innovation Service ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel
Slide 9: Steel Expansion into the Americas Backed by Global Materials Services Network
Steel Expansion into the Americas Backed by Global Materials Services Network Germany Western 140 Eastern Europe Europe excl. Germany 80 120 NAFTA 95 Mexico Asia/ Central/South Oceania America 25 15 main production locations Steel Europe & Americas: Materials Services Network: Steel mill Coating Tai
Slide 10: Steel Expansion into the Americas Based on Highly Efficient Operations
Steel Expansion into the Americas Based on Highly Efficient Operations ThyssenKrupp CSA ThyssenKrupp Steel USA { inbound logistics { inbound logistics { intraplant logistics and { intraplant logistics and optimum plant layout optimum plant layout { state-of-the-art slab production { state-of-the-art
Slide 11: ThyssenKrupp CSA
Sepetiba Bay, Santa Cruz, ThyssenKrupp CSA Rio de Janeiro, Brazil 3.8 3.8 km km { Coking plant: 1.9 m t/yr { Sinter plant: 5.7 m t/yr { 2 blast furnaces: 5.3 m t/yr 1.3 1.3 km km { Steel shop: >5 m t/yr 4.8 4.8 km km { Power plant: 490 MW 6.5 6.5 km km 2.6 2.6 km km ThyssenKrupp Steel Americas Analy
Slide 12: Power Plant and Integrated Energy Circle
Power Plant and Integrated Energy Circle Coke Plant Market Steam HP Condensate BF Gas 200 MW Conv. Gas 490 MW + Excess Blast Furnace 200 MW Power Plant ThyssenKrupp CSA Steam LP Condensate Melt Shop ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Network Rio de Janeiro, Brazil – October 13
Slide 13: Coking Plant
Coking Plant { 1st push battery C expected in spring 2012 ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Network Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel Americas Efficiency 12 Quality Developing the future.
Slide 14: Blast Furnaces
dedusting system for pig iron pits Blast Furnaces { expected in spring 2012 ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Network Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel Americas Efficiency 13 Quality Developing the future.
Slide 15: Steel Plant / Slabs
Steel Plant / Slabs { excellent quality with highest purity and very positive feedback from internal US and European customers { continued expansion of steel grades ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Network Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel
Slide 16: ThyssenKrupp CSA Product Mix vs. Market Attractiveness
ThyssenKrupp CSA Product Mix vs. Market Attractiveness as of 31.08.2011 ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Network Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel Americas Efficiency 15 Quality Developing the future.
Slide 17: Target Product Mix ThyssenKrupp CSA
Target Product Mix ThyssenKrupp CSA: Slabs for cold-rolled strip, in particular IF- and BHZ-steels 80 70 Deep drawing steels: 60 IF IF: soft IF-steels Elongation A (%) HX 50 Conventional high strength BHZ steels: 40 other steel grades BHZ: Bake-hardening-steels 30 HX: High strength IF-steel 20 Other
Slide 18: Application of BHZ-Steels for Outer Panel Components
Application of BHZ-Steels Especially for Outer Panel Components, such as Doors, Hoods, Roofs YSeL Stress in MPa BH2 YS2.0 FEA analysis Hood TK Test Bench Strained condition Paint baking sim. 2% 170 °C/20 min. Outer Door Strain in % ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Network Ri
Slide 19: ThyssenKrupp Steel USA
ThyssenKrupp Steel USA { Hot strip mill: >5 m t/yr up to 74” width / 1” thickness, 7 stands Site on the Tombigbee River, { Tandem/cold strip line: 2.5 m t/yr Calvert, AL, USA { 4 galvanizing lines: >1.5 m t/yr 3.0 km 1.5 km ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Network Rio de
Slide 20: Attractive Geographic Position and Targeted Industry Exposure
Attractive Geographic Position and Targeted Industry Exposure Home Market Key Customer Industries Automotive Yellow Goods Pipe & Tube Steel Service Center TKS USA Construction Appliance ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Network Rio de Janeiro, Brazil – October 13, 2011 Dr. Ha
Slide 21: 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 22: Market Strategy Leverages TKS USA Advantages
Market Strategy Leverages TKS USA Advantages Strategy to achieve targeted market share with premium products/prices Unique Selling Positions Customers Factor Leverage CVC Only 74”, 7-stand Integrated Technology HSM in Southern U.S. Adding value to strategic long-term Distinct advantage customer Logi
Slide 23: Geared to Quality Leadership in Flat Carbon Steel
Geared to Quality Leadership in Flat Carbon Steel Enhanced Surface HR (1.5mm – 25.4mm) Hot Rolled P&O (1.5mm – 6mm) Exposed AHSS Cold Rolled (0.5mm – 2.5mm) Exposed GI/GA (0.5mm – 2.5mm) Aluminized AHSS Hot Forming (0.4mm – 2mm) Galvalume® (0.3mm – 2mm) Highest Quality standards & Technical capabili
Slide 24: Pushing Technology Forward – Exceptional Surface Quality
Pushing Technology Forward – Exceptional Surface Quality by Combining Technologies Exposed Surface Quality Visual Inspection (prior to and post) HSM, PL-TCM, HDG and Finishing Lines In-line Top and Bottom Automated Inspection Systems with ‘feed forward’ capability Walking Improves surface beam Oxidi
Slide 25: Transition From Project Phase to Operations
Transition From Project Phase to Operations 1st Tap Blast Furnace #1 1st Slab 1st Slab Shpmts to Ger / to the US July 14, ‘10 Sep 7 Sep 28 Oct 19 1st HRC 1st CRC 1st CSA Slabs Arriving in Mobile July 31 Sep 13 Nov 7 1st Push Coke Plant 1st Sales 1st HDG Aug 14 Sep 15 Mar 31, ‘11 ThyssenKrupp Steel A
Slide 26: Agenda
Agenda { ThyssenKrupp Group & Steel Americas in Q3 2010/11 { Forward Strategy Steel in Americas Transatlantic Steel Concept Market Environment { Conclusion { Appendix ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel A
Slide 27: Progressively Recovering Consumption of Flat Carbon Steels in NAFTA
Progressively Recovering Consumption of Flat Carbon Steels in NAFTA Progressive Recovery of Consumption Moderate to Low Inventories Appar. consumption (HRC, CRC, HDG, Coil Plate) NAFTA in m t/yr US inventories and months of supply Inventories [m t] MOS [months] 9 6.0 75 76 73 71 8 5.5 67 69 66 62 7
Slide 28: Analysts Lowering Auto Production and Sales Growth Rate Forecasts
Analysts Lowering Auto Production and Sales Growth Rate Forecasts... Auto Production Forecast in m units Auto Sales Forecast in m units Source: CSM Monthly Forecast Update (August 2011) Source: JD Power Quarterly Forecast Update (2Q11), Reuters 17.6 17.9 18.1 2007 16.8 17.4 14.4 14.5 15.1 13.6 14.3
Slide 29: 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 0% Car pro
Slide 30: Comprehensive Customer Development Activities
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 ramp FY by -up 2013/14 Establish / document technical set-up Custom
Slide 31: Agenda
Agenda { ThyssenKrupp Group & Steel Americas in Q3 2010/11 { Forward Strategy Steel in Americas Transatlantic Steel Concept Market Environment { Conclusion { Appendix ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel A
Slide 32: Steel Americas: Focused on Improving Utilization, Mix and Customer Base
Steel Americas: Focused on Improving Utilization, Mix and Customer Base Operations Project Technical Ramp-up Optimization Ramp-up automotive 2009/10 2010/11 2011/12 2012/13 2013/14 { Successful transition from project phase to operations in 2010 { Current focus CSA: stabilize production and optima
Slide 33: Agenda
Agenda { ThyssenKrupp Group & Steel Americas in Q3 2010/11 { Forward Strategy Steel in Americas Transatlantic Steel Concept Market Environment { Conclusion { Appendix ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel A
Slide 34: Steel Americas Key Figures
Steel Americas Key figures 2009/10 2010/11 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Order intake €m 0 23 24 22 69 84 268 504 Sales €m 0 23 24 21 68 86 260 429 EBITDA €m (70) (78) (119) (297) (564) (328) (211) (95) EBIT €m (71) (79) (130) (320) (600) (378) (319) (190) EBIT adjusted €m (71) (79) (130) (320) (600) (378
Slide 35: ThyssenKrupp CSA
ThyssenKrupp CSA ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel Americas Developing the future. 34
Slide 36: Iron Ore Inbound Logistics
Iron Ore Inbound Logistics ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel Americas Developing the future. 35
Slide 37: Blast Furnaces
Blast Furnaces ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel Americas Developing the future. 36
Slide 38: Steel Plant
Steel Plant ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel Americas Developing the future. 37
Slide 39: Power Plant
Power Plant 490 MW Steam Turbine Gas Turbine Gas Turbine { fueled by blast furnace and converter gases steam from the coking plant and the melt shop { ~200 MW used internally ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO
Slide 40: Interplant Logistics
Sepetiba Bay, Santa Cruz, Interplant Logistics Rio de Janeiro, Brazil River Terminal Calvert, AL, USA ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel Americas Developing the future. 39
Slide 41: ThyssenKrupp Steel & Stainless USA
ThyssenKrupp Steel & Stainless USA ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel Americas Developing the future. 40
Slide 42: HSM
HSM ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel Americas Developing the future. 41
Slide 43: PLTCM HDGL
PLTCM HDGL ThyssenKrupp Steel Americas Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel Americas Developing the future. 42
Slide 44: ThyssenKrupp Steel Americas – CSA Plant Tour
ThyssenKrupp Steel Americas ThyssenKrupp CSA Siderúrgica do Atlântico Plant Tour Analysts’ & Bankers’ Briefing Rio de Janeiro, Brazil – October 13, 2011 Dr. Hans Fischer, CEO Steel Americas