Dr. Heinrich Hiesinger€¦ · Customers & markets People success Change management Strong...
Transcript of Dr. Heinrich Hiesinger€¦ · Customers & markets People success Change management Strong...
19th Annual General Meeting
Dr. Heinrich Hiesinger
CEO | thyssenkrupp AG
2 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
A year of operative progress and
Record operative results, order intake and sales
Memorandum of understanding (MoU) on Joint Venture with Tata Steel
Sale of Brazilian steel mill CSA to Ternium
strategic decisions
3 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Strategic push
Financial stability
Performance orientation
Customers & markets
People success
Change management
Strong Industrial
More & Better, Sustainability
Strategic Way Forward
4 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Operative progress since start of
Strategic Way Forward
+533%
2016/17
1.9
2015/16
1.5
0.3
2014/15 2012/13 2011/12
0.5
1.3
1.7
2013/14 2015/16
1.0
2014/15
1.1
2013/14
1.0
2012/13
0.6
2011/12
0.3
2016/17
0.9
Adjusted EBIT [bn €] Efficiency program “impact” [bn €]
FY FY
∑~5 bn € x6
5 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
-591 Mio. € (without CSA effect)
Fiscal year 2016/17 in numbers
44.3 bn € Order intake
-591 mn € I 321 mn € Net loss
0.15 € Dividend per share
43.0 bn € Sales
1.9 bn € Adjusted EBIT
-798 mn € Free Cash Flow before M&A
6 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
30/09/17
100
Share price reflects continues development
DAX DJ Stoxx thyssenkrupp
June 2017
February 2017
30/09/16
+22% +18% +13%
Return to upwards trend with guidance for FY 2017/18
21.22 €
January 2018
25.08 €
7 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Positive development of net financial debts
Net financial debts [bn €]
-6.5 -5.8 -66%
~-2.0
-3.5 -3.4 -3.7
-5.0
31/03/11 2012/13 2013/14 2014/15 2015/16 2016/17 2011/12
8 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Investments for our future
Research & development
spend [bn €]
Capital expenditures
[bn €]
+30% 0.8
>0.6
1.5 +19%
2016/17 2011/12
1.3
Total ~4 bn €
Total ~8 bn €
9 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Operative progress in our businesses
Components Technology
Elevator Technology
Industrial Solutions
Materials Services
Steel Europe
7.7 7.8 6.5 13.8 9.0
7.6 7.7 5.5 13.7 8.9
377 922 111 312 547
5.0 12.0 2.0 2.3 6.1
Order intake [bn €]
Sales [bn €]
Adjusted EBIT [bn €]
Adjusted EBIT margin [%]
10 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Outlook for current fiscal year 2017/18
Net income
Sales
Clear improvements to positive figures
Free Cash Flow before M&A
Grow at low to medium single-digit percentage rate
Adjusted EBIT Significant increase to between 1.8 and 2.0 bn €
Clearly positive
EBIT effects from “impact” 750 mn €
KPIs year-on-year (continued operations)
11 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Consolidation of portfolio
Active portfolio management
One integrated company
Capital efficiency
Leading market positions
Benchmark
performance Profitable
growth
Strong Industrial
12 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Planned Joint Venture of European steel businesses
of thyssenkrupp and Tata
Joint Venture best strategic option
Value creation through synergies
Reduction of structural overcapacities
Long-term security for tens of thousands of jobs, reduction of jobs to be shared equally by JV partners
thyssenkrupp and Tata will hold an interest in the joint venture for at least six years
13 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
The Joint Venture process
20th September 2017: Memorandum of Understanding
End of December 2017: Collective agreement with employee representatives (IG Metall) after negotiations in joint working group
Negotiations of Tata Steel with employee representatives in UK & in the Netherlands
Due Diligence and contract negotiations
Early 2018: Expected signing of contract
Merger control procedures
End of 2018: Expected closing
14 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Reduction of volatility
2016/17
~25%
2010/11
~40%
100%
Share of capital goods and
service businesses
Share of steel-making
business
After closing of Joint Venture
Share of sales
…
~5%
15 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Portfolio changes since 2011
2011 Current set-up
Number of Business Areas
• Separation from Stainless
• Sale of shipyards and integration of Plant Technology & Marine Systems
• Sale of Steel Americas
• Planned Joint Venture of Steel Europe with Tata Steel Europe
After closing of Joint Venture
8 5 4
16 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Innovation and digitalization
17 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Electric Power Steering
18 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Innovative elevator system: MULTI
19 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Preventive maintenance system for elevators: MAX
20 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
3D printing
21 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Award for one of the best Digital Labs in Germany
22 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Redox flow batteries
23 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Future topics
Sustainability Mobility
Digitalization
Urbanization
24 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
Synergies of a strong Industrial group
Cross-industry Cross-functional
Culture of Learn & Trial and new forms of collaboration:
External technology partners
Carbon2Chem MULTI MAX/HoloLens
25 | January 19th, 2018 | 19th Annual General Meeting | thyssenkrupp AG
We create a strong Industrial group
Active portfolio management
One integrated company
Capital efficiency
Leading market positions
Benchmark
performance Profitable
growth
Strong Industrial
engineering.
tomorrow.
together.