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ThyssenKrupp Technologies
TK Technologies – London, May 2008
ThyssenKrupp TechnologiesStrategic Focus – Leading-edge Technology – Value Driver
LondonMay 2008
2
ThyssenKrupp Technologies
TK Technologies – London, May 2008
ThyssenKrupp Technologies
• Overview
• Value Driver
• Portfolio
• Potential for ThyssenKrupp Technologies
3
ThyssenKrupp Technologies
TK Technologies – London, May 2008
Sales €51.7 bn • EBT €3,330 m • TKVA €2,108 m • Employees 191,350
ThyssenKrupp AG
Services
• Materials Services International
• Materials Services North America
• Industrial Services• Special Products
Sales €16.7 bnEBT €704 mTKVA €487 m Employees 43,012
•PlantTechnology
•Marine Systems
•Mechanical Components
•Automotive Solutions
•Transrapid
• 4 regional business units
• Escalators/Passenger Boarding Bridges
• Accessibility
Sales €11.5 bnEBT €544 mTKVA €348 mEmployees 54,762
Elevator
Sales €4.7 bnEBT* €(113) mTKVA* €(226) mEmployees 39,501
StainlessSteel
Sales €13.2 bnEBT €1,662 mTKVA €1,138 mEmployees 39,559
Sales €8.7 bnEBT €777 mTKVA €507 mEmployees 12,182
ThyssenKrupp Group FY 2006/07
Inter-segment sales not consolidated * incl. EU fine
• Corporate• Steelmaking• Industry• Auto• Processing
• Nirosta• Acciai Speciali
Terni• Mexinox• Shanghai Krupp
Stainless• Stainless Int.• VDM
Technologies
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
ThyssenKrupp Technologies Segment
PlantTechnology
MarineSystems
Sales: €2.0 bnEmployees: 8,800
Sales: €2.6 bnEmployees: 8,300
Mechanical Components
Sales: €3.8 bnEmployees: 22,800
AutomotiveSolutions
Sales: €3.2 bnEmployees: 14,200
ThyssenKrupp TechnologiesSales: € 11.5 bn Employees: 54,762
Sales 2006/07; Employees: 30. Sep. 2007; rounded
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
Strategic Objectives
Sustainable value driver and cash provider
Market leadership with top 1-3 positions
Technology leadership and development of innovative products
with high customer value
Expansion of service business and continuous efficiency improvement
International presence in relevant growth markets
Focus on customers through decentralized company management
Highly qualified and committed workforce
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
215 34
8 530
2528
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ThyssenKrupp Technologies: Key Figures 05/06 - 09/10
EBT (€ m)
05/06 06/07
Order intake (€ bn) Sales (€ bn)
09/10Target
05/06 09/10Target
410 54
4 750
05/06 09/10Target
05/06 09/10Target
TKVA (€ m) / ROCE %
- ROCE %
06/07
06/0706/07
1314
15
11 1214
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
2nd Quarter Results ThyssenKrupp Technologies (€ m)
Sales
5,5965,851
+ 5 %
H1 06/07 H1 07/08
EBT
Q2 06/07 Q3 06/07 Q4 06/07 Q1 07/08
+ 72 %
108
155133
179
186
Q2 07/08
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
48 %35 %
17 % 5 %
39 %
Salescoverage= 87 %
Salescoverage= 87 %
13 %
>12 >12
>12 >12
08/09Plan
07/08Forecast
10/11Plan
09/10Plan
11/12Plan
>12
6 %
Sales in € bn
High Visibility: 87% of this year’s business already in hand
Sales cover from orders in hand (March 31, 2008)Order intake
Sales realized to March 2008
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
ThyssenKrupp Technologies
• Overview
• Value Driver
• Portfolio
• Potential for ThyssenKrupp Technologies
10
ThyssenKrupp Technologies
TK Technologies – London, May 2008
ThyssenKrupp Technologies: Integration of the Automotive Segment
ThyssenKrupp Automotive
ThyssenKrupp Automotive
ThyssenKruppTechnologies
ThyssenKruppTechnologies
ThyssenKrupp Technologies
ThyssenKrupp Technologies
Thyssen Industrie
Thyssen Industrie
Krupp Hoesch Industries
Krupp Hoesch Industries
Krupp Engineering
Krupp Engineering
ThyssenKrupp Technologies
PlantTechnology
AutomotiveSolutions
MarineSystems
Mechanical Components
Portfoliooptimization
Portfoliooptimization
Portfoliooptimization
23 Portfolio activities
12 Portfolio activities
20 Portfolio activities
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
Active Portfolio Management to support our Strategy
Note: Acquisitions and disinvestments accumulated, sales figures rounded
Portfolio changes 2006/07 Portfolio changes since October 2007
(+) Uhde Mexico(-) Budd
(-) Fundicoes
(-) FlachbaugruppeKassel
(-) Germanischer Lloyd
(-) Stahlbau Berlin
(+) EADS Naval
(+) A-C Equipment
(-) Aventec
(-) BilsteinWagenheber
(-) Umformtechnik (Reallocation)
(-) BVI Wehrtechnik
(-) Intecsa Uhde
(-) Chemgineering
(+) DRECON
(-) Rolling Stock
(+) Forteq
(-) Präzisions-schmiede
(-) Kecskemet (Drauz Nothelfer)
(-) Nobiskrug
(-) Ravensburg(Drauz Nothelfer) (+) Shedden Uhde
Divestments: Acquisitions:Divestments:Acquisitions:
7 Portfolio changes> Sales € 0.5 bn
16 Portfolio changes> Sales € 2.5 bn
(-) Lasertechnik(Drauz Nothelfer)
MS
AS
AS
AS
MC
MC
PT
PT
PT
MS
MC
PT
PT
AS
AS
MS
AS
MC
MS
MS
AS
AS
12
ThyssenKrupp Technologies
TK Technologies – London, May 2008
ThyssenKrupp Technologies
• Overview
• Value Driver
• Portfolio
• Potential for ThyssenKrupp Technologies
13
ThyssenKrupp Technologies
TK Technologies – London, May 2008
Mega-trend: Raw MaterialsMining and refining of raw materials Chemical intermediates and end products
Fertilizer Electrolysis
Coking Plant Biotechnology
Gas Technology Refinery Technology
Polymers Polyester
Oil sand
GoldGold
Black CoalBlack CoalDiamondsDiamonds
Limestone
CopperCopper
Brown CoalBrown Coal
Bauxite
Iron OreIron Ore
PhosphateSulfurSulfur
NickelNickel
Note: Strip miningwithout shovel- truck
About 30 % of the world’s raw materials are mined, processed and
handled with systems by ThyssenKrupp
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
Worldwide reserves of
approx. 650 bn barrels,
thereof >80% in Canada (Alberta)
These oil reserves are bigger than
those of Saudi Arabia
With Canada’s deposits,
today’s world demand for oil could
be met for the next 55 years
With rising oil prices,
mining has now become profitable
as breakeven lies around
US $ 20/barrel
Mega-trend: Raw Materials Plant Technology and Oil Sand Mining“Canadian Natural Resources”
Oil sand deposits in Canada
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
Mega-trend: FoodRed alert: Food emergency Growing demand for fertilizers
Growing demand for fertilizer plants
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
Mega-trend: Energy and Environmental Protection
Potential for Technologies - Project CO2-NTRA
Bioethanol/biodiesel
Wind energy
Hydrogen / fuel cell
Global warming due to CO2 emissions
Oil sand / oil shale
Polyester (lactic acid)
Refinery technology
Coal gasification
Lightweight components
CO2 disposal
Global energy requirements
1900
420,000
280,000
140,000
1940 1960 1980 2000 2020 2040 20601920
TWh
Fossil energy resources are not sufficient to meet the energy needs of the growing world population.
Fossilfuels
Fossilfuels
Reducedconsumption
Reducedconsumption
Renewableenergies
Renewableenergies
New formsof energy
New formsof energy
Rising energy requirements
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
EnviNOx – Reduction of Greenhouse Gas
The greenhouse effect of N0x is 300 times worse than CO2
More than 5% of the greenhouse effect is a result of nitrous oxide emissions
300 plants worldwide emit about 400,000 t
Environmental FactsEnvinNOx Plant
Environmental Benefits
EnviNOx eliminates 98% of N2O emissions
Saving potential: 120 m t CO2 per year
Pollution of 30 million cars per year
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
Cement Industry causes 7.5 % of Worldwide CO2 Emissions
The POLYSIUS “Refit Package” significantly reduces emissions
Performance
Heatrequirement
NOx
CO2
SO2
-95 %
-80%
-20%-10%
25%
The Solution:
Example: Spanish customer
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
Fertilizer No. 1 World
(Ammonia & Urea) (30 % Market share)
Electrolysis No. 1 World
(Chlorine + Sodium hydroxide ) (45 % Market share)
Polymers No. 2 World
(PVC, HDPE*, PET) (20 % Market share)
Coke plant technologies No. 1 World
(coke oven batteries) (40 % Market share)
* BASELL-process
Uhde achieved excellent Market Positions with leading Edge Technology
Market position Uhde
20
ThyssenKrupp Technologies
TK Technologies – London, May 2008
Worldwide Engineering Network enables technological LeadershipThe only limit to growth: Shortage of highly skilled engineers
More than 200 patents and utility models registered in 06/07
On average,more than 100
patents and utilitymodels are
registered each year
ø
Years 1992 -2006
Figures in brackets = no. of employees at Sep. 30, 2007, rounded; Other R&D centers <100 employees
R&DBasic
EngineeringDetail
EngineeringProject Mgmt.
Canada
Brazil
USA
Chile
Argentine
South Africa (220)
Thailand
Australia(110)
Russia (320)
Singapore
Europe (4,230)
Saudi ArabiaChina
Mexico(340)
India (2,370)
More than half of all engineers at
ThyssenKrupp work for Technologies
4 %
1 %
16 %
5 %
20 %
54 %TKT
TKS
TKL
TKE
TKX
Corp.
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
Mega-trend: BRIC and Asia/Pacific
Emerging markets Asia
Engineering Engineering
GrowingmobilityGrowingmobility
India+6 to 7 % p.a.*
China+8 to 9 % p.a.*
Asia (rest)ca. +5 % p.a.*
* Forecast GDP 2006 to 2010
6,000
9,000
B
R
I
C
42
23
+80 %
20072000 20072000
EmployeesActive units (plants)
+50%
Russia+5 to 6% p.a.*
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
Growth of Wind Energy in BRIC Countries
Figures in Giga Watt per year new study
ThyssenKrupp components are essential for wind turbines
5 bearings for every wind turbine
0
10
20
30
40
50
60
1999
2001
2003
2005
2007
2009
2011
2013
2015
Installed Capacity for Wind Energy
Study BTM 2006 Study BTM 2007 Actual
Bearings in Wind Energy Plants
BTM = Birger T. Madsen, Consult Danish Energy Agency
23
ThyssenKrupp Technologies
TK Technologies – London, May 2008
Mega-trend: Middle EastThe Arabic World is Moving towards Urban Cities
Dubai to become the No.1 logistic hub
Top 3 Financial centre after London & NY
Total = $ 955 bn CAPEX 2006
(under construction/planned)
Currently over $500 bn planned
construction projects in MENA as “key
driver” of demand growth for cement
24
ThyssenKrupp Technologies
TK Technologies – London, May 2008
Currently over $500 bn Planned Construction Projects in MENAKey driver of demand growth for cement
= Investment volume in bn $
20
152
20
15
52
2152
4
164
3
5
27
11 3
11 12 275
56 3 2
UAE with another $200B of planned
construction projects
25
ThyssenKrupp Technologies
TK Technologies – London, May 2008
ThyssenKrupp Technologies
• Overview
• Value Driver
• Portfolio
• Potential for ThyssenKrupp Technologies
26
ThyssenKrupp Technologies
TK Technologies – London, May 2008
ThyssenKrupp Technologies: “Value Driver and Cash Provider”
1. Securing high returns
3. Creating value
2. Generating profits
TK Technologies’ Goals Key figures 06/07
5. Providing cash
4. Providing sufficient funds
ROCE 25%
TKVA € 348 m
EBT € 544 m
OCF € 627 m
Net financial funds> € 2 bn
Goals 09/10
ROCE 28%
TKVA € 530 m
EBT € 750 m
OCF close to € 1 bn
Net financial funds> € 2 bn
27
ThyssenKrupp Technologies
TK Technologies – London, May 2008
ThyssenKrupp Technologies: Strategic Potential - Outlook EBT development in million Euros
06/07 09/10Target
Long-termStrategy
410
750
€ 1 bn
340
456
Today
Potential
New Level
Roadmap ThyssenKrupp Technologies
05/06
544
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ThyssenKrupp Technologies
TK Technologies – London, May 2008
ThyssenKrupp Technologies: Strategic Position
Four strategic business unitsOngoing optimization of portfolioConcentration on powerful business unitsWorld market leadership with TOP 1-3 positions
Strategic focus Mega-trend: Raw materials (mining and processing)Mega-trend: Food (fertilizer plants)Mega-trend: Energy/Environment (renewable and fossil)Mega-trend: Security (surface vessel and submarine)Mega-trend: Asia / Pacific (engineering and components)Mega-trend: Middle East (infrastructure and industry)
Growth and profitability: “Value Driver - Cash Provider”EBT-goal € 750 mTKVA-goal € 530 mROCE 28 %
ThyssenKrupp: Leading-edge TechnologyInnovations and technological competenceTechnology leadershipSophisticated high-tech products
Plant Technology
Marine Systems
Mechanical Components
TOP 1-2
Automotive Solutions
TOP 1
TOP 1
TOP 1-3
Transrapid
ThyssenKrupp Technologies
PlantTechnology
MarineSystems
Mechanical Components
AutomotiveSolutions
Targets 2009/10
29
ThyssenKrupp Technologies
TK Technologies – London, May 2008
Leading-edgeTechnology
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