Thyssenkrupp Ag · XETR:TKA
Thyssenkrupp — Investor Presentation (September 2014)
66 slides from Thyssenkrupp's investor presentation, September 2014
Slide 1: Presentation Facts & Figures September 2014
Presentation Facts & Figures September 2014 Developing the future.
Slide 2: Agenda
Agenda Presentation slides 2-11 • Key Figures, Strategic Way Forward and Group Outlook • Group Performance, Financials and Conclusion Facts & Figures slides 16-64 Presentation ThyssenKrupp September 2014 1 Developing the future.
Slide 3: SWF: Progress in Performance and De-Risking
SWF: Progress in Performance and De-Risking SWF 7th sequential quarterly Group EBIT adj. improvement ( ramp-up!) 9M: 953 FYE: doubling prior year (€586 m) >doubling 398 9M: 433 309 246 193 153 136 in million € 104 60 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2011/12 2012/13 2013/14 Q2 2012/13: incl. positive non-peri
Slide 4: Financial Highlights in Q3
Financial Highlights in Q3 Order Intake • Capital Goods: Q3 yoy +8% (+12%*); 9M +5% (+9%*) €10.2 bn • Materials: Q3 qoq -2%; 9M +4% (+3%*) EBIT adj. • Q3 yoy ~tripled and qoq +29%, 9M >doubled to €953 m €398 m • All Business Areas positive ~breakeven to Net Income/Loss** slightly positive Net Income
Slide 5: FY 2013/14 Outlook
FY 2013/14 Outlook EBIT adj. by driver Sales* Growth / Markets Q3: €398 m growing at mid to higher 1-digit % rate Q2: €309 m €586 m Net Income** Q1: €246 m Doubling prior year ~breakeven to slightly positive incl. €(495) m of Steel Americas FCF before divest EBITDA adj. ~positive low 3-digit m€ nega
Slide 6: Agenda
Agenda Presentation slides 2-11 • Key Figures, Strategic Way Forward and Group Outlook • Group Performance, Financials and Conclusion Facts & Figures slides 16-64 Presentation ThyssenKrupp September 2014 5 Developing the future.
Slide 7: Strong Demand at Capital Goods Driving Group Orders
Strong Demand at Capital Goods Driving Group Orders Order intake – continuing operations (million €) Group cont. ops. Cap Goods +5% Book-to-Bill >1 yoy +6%* • CT: +9% yoy (+13%*) 29,577 31,052 stronger auto but challenging truck markets; 1,595 recovery of wind energy (bearings) 1,565 Steel Americas
Slide 8: Broadly Stable Materials Orders in Ongoing Challenging Markets
Broadly Stable Materials Orders in Ongoing Challenging Markets Order intake – continuing operations (million €) Group cont. ops. +8% -1% yoy qoq +5%* 9,401 10,220 10,161 • MX: +8% qoq AST/VDM Steel 574 412 496 Americas • SE: -10% qoq 2,178 lower volumes Steel 2,430 Industrial 2,315 Europe 1,188 1,03
Slide 9: Positive Contribution From All Business Areas in Q3
Positive Contribution From All Business Areas in Q3 EBIT adjusted (million €); EBIT adjusted margin (%) Positive non-periodic effect yoy; repair costs yoy/qoq Reliable performance in challenging markets Comp. qoq 2.0 2.6 1.7 qoq Materials 5.3 1.5 Techn. 4.8 4.4 down Services 3.8 down 76 80 57 75 70
Slide 10: Positive Net Income Continuing in Q3 and Leading to Increase in FY Outlook
Positive Net Income Continuing in Q3 and Leading to Increase in FY Outlook ~breakeven to Net Income reconciliation (million €) Net Income/Loss** slightly positive towards breakeven €(1.8) bn Q3 2013/14 €(1.6) bn thereof: ThyssenKrupp AG’s stockholders: €40 m €(5.0) bn 10/11 11/12 12/13 13/14E 398 (4
Slide 11: Qoq Broadly Stable NFD Despite NWC Requirements
Qoq Broadly Stable NFD Despite NWC Requirements FCF before divest €(0.3) bn Low 3-digit Q3 2013/14 (million €) m€ negative (4,246) Gearing €(2.1) bn <100% 11/12 12/13 13/14E 14/15 et seqq. FCF affected by NWC built-up: • MX mainly AST/VDM • SE (5,038) (3,960) (4,122) Gearing FCF (165) Gearing 124.4%
Slide 12: Upside from Performance
Upside from on Performance CT return to previous margin levels • performance measures • ramp-up new plants in BIC SWF EBIT adj. Doubling prior year ET close margin gap to peers • while leverage growth €399 m €586 m opportunities IS leverage growth opportunities 11/12 12/13 13/14E 14/15 et seqq
Slide 13: Financial Calendar – FY 2013/14
Financial Calendar – FY 2013/14 September Roadshows Copenhagen (4th), Helsinki (5th), London (9th), New York (15th), Toronto (16th), Luxemburg (16th) Conferences Commerzbank Sector Conference Week, Frankfurt (10th) Credit Suisse Capital Goods Conference, London (17th) Citi Industrials Conference,
Slide 14: Financial Calendar – FY 2014/15
Financial Calendar – FY 2014/15 October Conferences Steubing Deutsche Börse Bond & Equity Konferenz, Zurich (7th) Open House Day Elevator Technology, Shanghai (15th) November Conference Call FY 2013/14 (20th) December Capital Market Day, London (11th) Presentation ThyssenKrupp September 2014 1
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 September 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 SWF ~€850 m ~€2.3 bn* New Supervisory Board Chairman with compliance and corporate governance as top priority >€850 m ~90% of cost savings targeted in FY 2013/14 ~€600 m New and smaller achieved after 9M Executive Board 12/13 13/14
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 September 2014 21 Developing the
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 Q3 Order intake €m 10,063 10,113 9,401 9,059 38,636 10,671 10,220 10,161 Sales €m 9,189 9,540 9,920 9,910 38,559 9,109 10,295 10,742 EBITDA €m 369 226 355 204 1,154 468 598 628
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 Q3 TK Value Added** €m (1,865) Ø Capital Employed** €m 17,102 16,136 15,251 14,592 14,592 12,187 12,732 12,903 Goodwill** €m 3,493 Capital expenditures* €m 334 287 239 453 1,3
Slide 27: Key Financials (III)
Full Group Key Financials (III) (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 Q3 Order intake €m 11,202 10,113 9,401 9,059 39,774 10,671 10,220 10,161 Sales €m 10,412 9,540 9,920 9,910 39,782 9,109 10,295 10,742 EBITDA €
Slide 28: Special Items
Special Items Business Area 2012/13 2013/14 (million €) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Disposal effect 3 1 4 CT Impairment (37) (7) (44) (8) Restructuring 1 (1) (2) (30) (32) (7) (4) Others (1) (1) Asset disposals (1) Impairment 1 (4) (11) (14) ET Restructuring (9) (17) (23) (49) (41) (4) (9) Others 1 (2)
Slide 29: Sustainable Efficiency Gains to Support EBIT Target FY 2013/14
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% 9M: ~750 700 Components Technology ~14% ~13% >850 ~14% St
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 ~8 MX ~33 SE ~34 ~38 3.7 AM ~33 in % in % ~33 ~62 ~8 ~11~8~6 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 June 30, 2014 (million €) 7,270 Incl. new syndicated loan facility of €2 bn; facility due March 28, 2017 Available committed 3,745 credit facilities Total: 7,647 Cash and 3,525* cash equivalents 1,678 1,7
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 343 331 • 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) Accrued postretirement Assumption: unchanged discount rate 7,696* obligation other than 7,348* 7,348* pensions 850 302 698 Other accrue
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 (96) 7,348*
Slide 36: Components Technology – Q3 2013/14 Highlights
CT Components Technology – Q3 2013/14 Highlights Order intake in €m Quarterly order intake auto components EBIT in €m; EBIT adj. margin in % Q3 2013/14: qoq/yoy higher order intake EBIT EBIT adjusted driven by continuing strong demand for LV in the US and China 80* 1,611 63 75 70 1,539 1,492 1,573 5
Slide 37: Components Technology Key Figures
CT Components Technology Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Order intake €m 1,324 1,360 1,539 1,492 5,715 1,439 1,573 1,611 Sales €m 1,345 1,360 1,517 1,490 5,712 1,428 1,555 1,603 EBITDA €m 108 130 145 95 478 120 136 135 EBITDA adjusted €m 107 129 145 126 506 129 144 139 EBIT €m 42
Slide 38: Components Technology – Overview
Components Technology – Overview CT 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 COMPONENTS UND
Slide 39: Future Customer Challenges Create Business Opportunities
Future Customer Challenges Create Business Opportunities CT 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 optimi
Slide 40: Elevator Technology – Q3 2013/14 Highlights
ET Elevator Technology – Q3 2013/14 Highlights Order intake in €m Units under Maintenance EBIT in €m; EBIT adj. margin in % 9M: 5,074 EBIT EBIT adjusted 9M: 4,945 CAGR >1.1 m 1,801 193 1,696 1,575 1,692 +4.8% 188 1,581 172 175 163 ~0.8 m 12.0 11.2 11.3 11.0 11.0 Record 184 155 153 159 133 Q3 Q2 Q3 2
Slide 41: Elevator Technology Key Figures
ET Elevator Technology Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Order intake €m 1,616 1,633 1,696 1,575 6,520 1,801 1,581 1,692 Sales €m 1,532 1,388 1,562 1,673 6,155 1,544 1,481 1,609 EBITDA €m 190 159 179 176 703 152 177 204 EBITDA adjusted €m 188 166 197 201 753 194 181 212 EBIT €m 171
Slide 42: Elevator Technology – Overview
ET Elevator Technology – Overview 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, Passenge
Slide 43: 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 44: Industrial Solutions – Q3 2013/14 Highlights
IS Industrial Solutions – Q3 2013/14 Highlights Order intake in €m Order backlog in €bn EBIT* in €m; EBIT* adj. margin in % Q1 13/14 big ticket MS, Q2 13/14 major cement plant EBIT* EBIT* adjusted 9M: 4,518 15.8 15.5 15.1 9M: 4,376 14.6 14.6 2,295 199 199 Systems Systems Marine Marine 156 164 13.4 1
Slide 45: Industrial Solutions Key Figures
IS Industrial Solutions Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Order intake €m 2,002 1,595 779 907 5,283 2,295 1,188 1,035 Sales €m 1,306 1,428 1,306 1,602 5,641 1,288 1,593 1,585 EBITDA €m 155 210 174 179 718 186 211 204 EBITDA adjusted €m 155 191 174 183 702 186 214 205 EBIT €m 141 19
Slide 46: Industrial Solutions – Engineering Powerhouse
IS Industrial Solutions – Engineering Powerhouse 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 Business Marin
Slide 47: Enhancing Global Growth & Becoming a Global Leading Player
Enhancing Global Growth & Becoming a Global Leading Player IS 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 Manag
Slide 48: Materials Services – Q3 2013/14 Highlights
MX Materials Services – Q3 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 AST/ VDM 76 62 64 3,700 56 58 3,414 1,463 3,047 1,427 1,445 51 43 44 1,328 1,394 37 2,863 2,8
Slide 49: Materials Services Key Figures
MX Materials Services Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Order intake €m 2,765 2,988 3,047 2,863 11,663 2,842 3,414 3,700 thereof Special Materials 288 731 Sales €m 2,815 2,923 3,056 2,906 11,700 2,739 3,320 3,780 thereof Special Materials 266 763 EBITDA €m 59 (134) 87 85 96 62 66 8
Slide 50: Link Between Industrial and Raw Materials Producers and Customers
Link Between Industrial and Raw Materials Producers and Customers MX 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
Slide 51: 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 September 2014 50 Developing the future.
Slide 52: Steel Europe – Q3 2013/14 Highlights
SE Steel Europe – Q3 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 127 123 121 117 119 103 92 62 62 2,430 3,109 42 2,315 2,177 2,274 2,178 3,093 52 4.6 2,839 2,858 19 2,580 28 2.4 20 2.6 14 1.8 0.9 Q3
Slide 53: Steel Europe Key Figures
SE Steel Europe Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Order intake €m 2,403 2,620 2,315 2,177 9,515 2,274 2,430 2,178 Sales €m 2,253 2,512 2,562 2,293 9,620 2,074 2,389 2,228 EBITDA €m 142 98 119 154 512 126 158 192 EBITDA adjusted €m 142 118 166 146 572 126 168 205 EBIT €m 29 (10) 14
Slide 54: Steel Europe – Overview
Steel Europe – Overview SE Key Figures Steel Europe Product Mix Steel Europe FY 2012/13 Sales by Industry Steel Europe FY 2012/13 in % of sales in % of sales Hot Strip Tailored Blanks Others Automotive industry Tinplate Packaging 7 (incl. suppliers) Medium-wide 12 28 Strip Electrical Mechanical Engi
Slide 55: Comprehensive Cost & Differentiation Program
Comprehensive Cost & Differentiation Program Geared to SE 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 in upcycle -ve EBIT adj /
Slide 56: 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 57: Steel Americas – Q3 2013/14 Highlights
AM Steel Americas – Q3 2013/14 Highlights Order intake in €m Production & shipments in 1,000 t EBIT in €m 1,071 EBIT EBIT adjusted 823 986 998 987 Slab production 16 1 117 8 609 CSA 574 Q3 Q2 Q3 (17) (26) 496 491 2012/13 2013/14 (136) 412 (193) 854 936 923 1,034 1,046 Slab shipments CSA (821) Q3 Q2
Slide 58: Steel Americas Key Figures
AM Steel Americas Key figures 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Order intake €m 560 509 496 491 2,056 609 574 412 Sales €m 488 501 473 406 1,867 538 535 441 EBITDA €m (87) (12) (162) (205) (467) 29 143 33 EBITDA adjusted €m (87) (12) (162) (106) (368) 10 1 40 EBIT €m (122) (44) (193) (821) (1,
Slide 59: Steel Americas – Forward Strategy
Steel Americas – Forward Strategy AM 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 sales orga and develop customer Shi
Slide 60: EBITDA +ve Expected in FY13/14, Cash b/e Targeted in FY14/15
AM EBITDA +ve Expected in FY‘13/14, Cash b/e Targeted in FY’14/15 2010/11 2011/12 2012/13 2013/14E 2014/15E 3.5 BRL/USD BCF 3.0 ~break-even (0.4) during FY 2.5 (0.5) (0.2) (0.6) 2.0 (0.7) Positive EBITDA adj 1.5 in FY 2013/14 (1.1) (0.5) 1.0 2004 2006 2008 2010 2012 2014 assuming no major headwinds
Slide 61: Corporate – Overview
Corporate – Overview Corporate 2012/13 2013/14 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Order intake €m 55 43 43 49 190 42 43 41 Sales €m 55 43 43 49 190 42 42 42 EBITDA €m (102) (128) (73) (154) (458) (107) (188) (130) EBITDA adjusted €m (88) (110) (83) (105) (386) (94) (108) (127) EBIT €m (112) (139) (83) (166) (5
Slide 62: 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 September 2014 61 Developing the future.
Slide 63: 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 64: 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 03/2014 Presentation ThyssenKrupp September 2014 63 Developing the future.
Slide 65: 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 66: 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
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