SKF Annual General Meeting 2013New business in 2012 and 2013, some examples Siemens, Vestas and...

© SKF Group 26 april 2013Slide 0

SKF Annual General Meeting 2013Tom JohnstoneVd och koncernchef


Result 2012

Net

sales, SEKm

64,575

-2.5%

Operating profit, SEKm

7,333

-31.1%

Basic earnings

per share, SEK

10.37

-28.2%

Cash flow, excluding

acquisitions

and divestments, SEKm

4,188

+12.3%

AB SKF’s

Board

propose

a dividend of SEK 5.50 per share.


Europe

-5%

Asia/Pacific-10%

Latin America

11% Middle East & Africa

-2%

North America

7%

Growth

development

by geography

Organic

growth

in local

currency

2012 vs 2011

-10%

-10%

8%

-7%

-6%

Q1 2013 vs Q1 2012


Strong result

for the first quarter

2013

• Sales

down

10.5%, in SEK, and 8% organically

to SEK 15,152 million

• Operating margin, excl. one-off

costs, down

to 11.4% vs 12.6% last year

• Cost

reduction

actions

giving

results

• Steps taken to strengthen

SKF

•

Outlook for second

quarter:

stable

sequential

demand

development

but

still lower

than

Q2 last year


Main initiatives

going

forward

• Accelerate profitable growth

• Reduce

cost

and eliminate

waste

• Invest in Growth


LKAB

New business in 2012 and 2013, some

examples

Siemens, Vestas

and Nordex Bearings for

Caesars High Roller observation wheel

in Las Vegas

SKF Bus Door

Actuator

to Volvo Bussar

SKF ConRo

to a major metal

industry

customer

Volvo, Audi and Great Wall


SKF Distributor

College

SKF Machine

Health Reporting

Programme

(MHRP) for distributors

•

SKF educates

distributors/maintenance

personnel

to collect

data from customers

using

SKF condition

monitoring

equipment.• The data is transferred to SKF for analysis and identification of problems• SKF provides recommendation of measures to avoid unplanned downtime

The 170,000th certificate

awarded

to

Fredrik BergqvistTOOLS Momentum, Sweden Deep Groove Ball Bearing -

3 January

"The trainings in SKF Distributor College are really good. A good mix of technical information and sales arguments."


Programme

to improve efficiency, reduce cost and strengthen profitable growth

Main activities:

•

consolidation

of production

-

merger

between

sites

-

transfer

to faster growing

markets with more

local

production

•

optimization

and productivity

improvements

-

in the manufacturing

and demand

chain

processes

-

in administration and support functions

•

reduction

in purchasing

cost

-

standardization

and rationalization

of the supplier

base.

Reducing

annual

costs

by SEK 3 billion by the end

of 2015

Total costs

for the programme

SEK 1.5 billion2,500 people

impacted


New operations and facilities

SKF celebrated

100 years

in China:-

inaugurated

a new factory

in Jinan-

started

up the construction

of a new distribution centre

in Shanghai-

established

a new SKF Campus in Jiading, Shanghai

Five

new SKF Solution Factory

–

in North America, Australia, Romania, Italy

and the Netherlands.

A new seals

factory

in Mysore, India


Blohm

+ Voss Industries (BVI)General Bearing Cooperation (GBC)

Acquisitions

in the last 12 months

Net sales: around EUR 100 millionEmployees: 410

Manufacturing: equipment for the marine industry

Net sales: around USD 155 millionEmployees: around 1 380

Manufacturing: ball bearings, tapered roller bearings and precision rollers


BVI strengthening SKF’s

position as a marine specialist

•

Strategic fit with SKF Marine growth strategy

•

Complementary product portfolio

•

Secure the leadership with propulsion system OEMs

•

Widen the scope of supply for the application life cycle

Today, SKF sales to the marine industry is around SEK 1.5 billion. Main applications are propulsion systems, including thrusters, pods and gearboxes.


•

Accelerate R&D on new products and services with a positive impact on the environment

•

Greater focus on core technologies and launching new products

•

Technology clusters translate innovation strategies into clear technology programs

•

Increase R&D in rapidly developing regions

•

Strengthen links with universities and technical colleges

R&D spending of annual sales

R&D investment growth

Recorded inventions

Patent applications

Research and development

2.5% 10%

421663………… …………


New climate

targets

• SKF launched

the SKF BeyondZero

portfolio with productsand solutions, which

will

both

improve

energy

efficiency

and reduce

the environmental

impact.

•

New, tougher

and more

comprehensive

climate

targets. Recognized

by the WWF as the best in the industry

and adopted

in their

Climate

Savers

Programme.

Growth

target:SEK 2.5 billion to SEK 10 billion by 2016


SKF BeyondZero

–

Industrial, some

examples

SKF Solar Linear Actuator contributes to increasing the energy generated by one solar panel so that 4.4 tonnes CO2

/year are avoided

SKF ConRo reduced total operating cost of up to 50% per roll line unit.

SKF Energy Monitoring Service for pump systems helped reduce energy consumption in a paper mill with around 1% per year.

SKF CASM electric cylinders enable up to 90% of energy savings compared to pneumatic cylinders.

SKF products and solutions for renewable energy help displace power sector CO2

.


SKF BeyondZero

portfolio –

Automotive, some

examples

SKF bus door actuator increase the fuel economy by 2%, compared to pneumatic actuators.

SKF StopGo

for two-wheelers helps reduce

CO2

emissions by 5 g per kilometre.

SKF Rotor Positioning bearing helps reduce fuel consumption and CO2

emissions up to 15%.

SKF products

& solutions for electric

vehicles

helping

enable

lower

carbon

personal transportation.

SKF Low

Friction

Seal

reduces friction by up to 55%, translates to CO2

savings of over 1 g per kilometre.


DrivelineConveyor

Fluid

Automotive &Industrial

Automation

E2MQLNGLS

LCP

SKF Remote Diagnostic

center

Seals

Seal Designer

Caster

SKF Solution Factory

Corporate corner

Renewable

LOUNGE

DD

SKF’s

theme

at the Hannover Fair


SKF Solution Factory

network

extends

service efficiency

across

the globe


SKF solutions for aeriation

blower

system cuts

energy costs

by up to 40%


Renewable

energy


SKF Asset Diagnostic

Services use

the cloud

to create a global network

for customers


SKF InsightTM


SKF Extended

Life Plain

Bearings reduce

CO2 emissions and total cost

of ownership


Up to 90% reduction of grease consumption

Reduced grease leakage into the environment

Reduced waste associated with maintenance

Reduced CO₂

emission

SKF Extended Life Plain Bearing

The design of the seal lips virtually eliminates the ingress of contaminants into the bearing


SKF InsightTM

-

The brain, as well

as the heart of rotating

machinery

SKF InsightTM

–

internally

powered

sensors and data acquisition

electronics sensing

directly

on the bearing

• Control over the life cycle

of the machinery

• Lower

total costs

with higher

reliability

and machinery

uptime

• Wirelessly

communication

of the condition

of the bearing

and machinery

at any

time


Condition monitoring available in demanding locations

Wind

–

Avoid

expensive

and disruptive

failures

High speed rail

–

Improve

maintenance

planning

for higher

availability

Steel –

Avoid

costly

in-service

failures

and improve

process control


Bringing SKF’s

knowledge to our customers

SKF mobile apps


2012 –

a challenging

year

• Managed

uncertain

business environment

• Strong cash

flow

and strong balance

sheet

• Took

many

steps to strengthen

SKF-

many

new orders-

new factories, new solution factories, -

increased

R&D spend

and effectiveness-

important

acquisitions

• Started

project

to introduce

new IT systems

• Launched

SKF BeyondZero

portfolio and new climate

targets


Key focus areas 2013

•

Managing the uncertain and different demand environment

•

Initiatives and actions to support long-term

financial targets

•

Integration of new acquisitions, GBC and BVI

•

Cost reduction and efficiency programme

•

Business transformation including new IT systems

•

Business Excellence and competence development

One SKF and SKF Care as guiding lights


The Power of SKF Knowledge Engineering

Our promise

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