July2010 · 2019-03-08 · Presentation ThyssenKrupp July 2010 1 Disclaimer˝ThyssenKrupp˝AG ......

Presentation ThyssenKruppJuly 2010

Developing the future.

PresentationThyssenKruppJuly2010

1

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�subject�to�risks�and�uncertainties.� Statements�contained�herein�that�

are�not�statements�of�historical�fact�may�be�deemed�to�be�forward-looking�information.��When�we�use�words�such�as�“plan,” “believe,”

“expect,” “anticipate,” “intend,” “estimate,” “may” or�similar�expressions,�we�are�making�forward-looking�statements.��You�should�not�

rely�on�forward-looking�statements�because�they�are�subject�to�a�number�of�assumptions�concerning�future�events,�and�are�subject�to�

a�number�of�uncertainties�and�other�factors,�many�of�which�are�outside�of�our�control,�that�could�cause�actual�results�to�differ

materially�from�those�indicated.��These�factors�include,�but�are not�limited�to,�the�following:

-i.�market�risks:�principally�economic�price�and�volume�developments,�

-ii.�dependence�on�performance�of�major�customers�and�industries,�

-iii.�our�level�of�debt,�management�of�interest�rate�risk�and�hedging�against�commodity�price�risks;

-iv.�costs�associated�with,�and�regulation�relating�to,�our�pension�liabilities�and�healthcare�measures,�

-v.�environmental�protection�and�remediation�of�real�estate�and�associated�with�rising�standards�for�real�estate�environmental�

protection,�

-vi.�volatility�of�steel�prices�and�dependence�on�the�automotive industry,�

-vii.�availability�of�raw�materials;�

-viii.�inflation,�interest�rate�levels�and�fluctuations�in�exchange�rates;�

-ix.�general�economic,�political�and�business�conditions�and�existing�and�future�governmental�regulation;�and��

-x.�the�effects�of�competition.��

Please�note�that�we�disclaim�any�intention�or�obligation�to�update�or�revise�any�forward-looking�statements�whether�as�a�result�of�new�

information,�future�events�or�otherwise.”



2

ElevatorTechnologies ServicesStainlessSteel

�SalesFY2008/09;inter-BA sales not consolidated#

Sales:�€40.6�bn

ThyssenKrupp*

ThyssenKrupp�Group�– Higher Transparency

Steel�Europe

Sales€9,570m

Stainless�Global

Sales€4,486m

Steel�Americas

Sales€0m

Materials�Services

Sales€12,815m

Elevator�Technology

Sales€5,308m

Plant�Technology

Sales€4,450m

Components�Technology

Sales€4,603m

Marine�Systems

Sales€1,594m

effective�sinceOctober�1st,�2009

ThyssenKrupp

Reorganization

*TheThyssenKruppGroupconsistsofmorethan800legallyindependentcompanies,organized,existingandoperatingunderthelawsof70countries,ultimatelyledbyThyssenKruppAG.



3

� Group�Performance and�Financials

� Business�Area�Performance

� Group�Outlook

Agenda



4

Efficiency

Management�Focus�in�Q2�2009/10

• Effective�restructuring

• Sustainable�cost�savings

• Continuous�reduction�of�structural�overcapacities�e.g.ComponentsTechnology#

� Reducing�complexity�and�risk

� Restoring�the�basis�for�future�value�creation

Projects

• Commissioning�of�first�facilities:

• Port&materialshandling

• Gasturbine�April#

• Sinterplant�April#

• Intensive�marketing�across�all�US�customer�segments

Portfolio

• Marine�Systems:

• SIAG�Schaaf deal�closed

• ADM�deal�signed

• HSY�framework�agreement�signed

• Continuous�portfolio�optimization

Growth Structural�Performance



5

Order�Intake�and�Sales�– Q2�Book-to-Bill�>1�again

Order�intake million�€

Q1 Q2

12,887

7,642*7,515*

7,926*

Q3 Q4

2008/09

9,328

Q1

2009/10

Sales million��€

Q1 Q2

11,522

9,859 9,299

Q3 Q4

9,8839,351

Q1

2008/09 2009/10

*�including cancellations -container ships,�mega yachts,�submarines�Greece.Q2:�~�€100�m,�Q3:�~�€500�m;�Q4:�~�€1,000�m

10,373

Q2

10,107

Q2



6

Earnings�Before�Interest�and�Taxes�and�Earnings�Before�Taxes

Q1Q2

Q3 Q4

2008/09

Q1

2009/10

EBIT�adjusted� million�€

Q1Q2

407

-276.

-1,197.-597.

Q3

Q4

2008/09

478

Q1

2009/10

416-112.

-289. -390.

402

EBIT� million�€

EBT�adjusted� million�€

Q1

Q2

Q3 Q4

2008/09

Q1

2009/10

249

-291. -464.-570.

237

EBT� million�€

Q1

Q2

240

-455.

-1,377.-772.

Q3

Q4

2008/09

313

Q1

2009/10

191

Q2 Q2

206

353

Q2 Q2

368



7

million�€ Q1 Q2 Q3 Q4 Q1 Q2

Steel�Europe 371 131 -156. -262. 126 179

% 13.0 5.6 -7.3. -11.7. 5.5 6.7

Steel�Americas -42. 0 9 -44. 37 7

% n.a. n.a. n.a. n.a. n.a. n.a.

Stainless�Global -228. -291. -139. -55. -41. -102.

% -19.4. -29.5. -13.5. -4.2. -3.4. -7.0.

Materials�Services 54 -88. -106. 1 48 70

% 1.4 -2.8. -3.9. 0.0 1.7 2.4

Elevator�Technology 157 149 168 124 154 151

% 11.7 11.5 12.7 9.2 12.6 12.4

Plant�Technology 72 62 50 24 82 59

% 6.7 5.2 4.5 2.2 8.6 6.3

Components�Technology 66 -7. -60. -85. 57 73

% 5.1 -0.6. -5.6. -7.4. 4.6 5.4

Marine�Systems 32 -45. -27. -39. -1. 11

% 5.9 -12.1. -8.4. -11.0. -0.4. 3.8

Group 416 31124 32894 33904 402 368

% 3.6 31.14 33.14 33.94 4.3 3.6

2008/09 2009/10

Quarterly�EBIT�Adjusted�and�Margin



8

Net�Income�and�Earnings�Per�Share�

Net�income million�€

Q1

Q2

163

-362.

-1,044.

-630.

Q3

Q4

2008/09

195

Q1

2009/10

EPS €

Q1

Q2

0.36

-0.71.

-1.38.

Q3

Q4

-2.28.

0.35

Q1

2008/09 2009/10

234

Q2

0.45

Q2

Expected tax�rate�in�FY�2009/10:�~�20%



9

Net�Financial�Debt

Free�cash�flow:�35374

Capex*

Net�financialdebt

Dec�2009Net�financial

debtMar�2010

32,6524

37384

Gearing25.5%

Operatingcash�flow

184

32,1304

Gearing21.2%

17Divestments

thereof:• Steel�Europe�� 68

• Steel�Americas 448

thereof:TK�CSA� 226

NAFTA�Steel 222

• Stainless�Global 87��

thereof:NAFTA�Stainless 72

• Materials�Services 20

• Elevator�Technology� 8

• Plant�Technology 6

• Components�Technology 51

• Marine�Systems 1

Others

Development�of�net�financial�debt in�Q2 million�€

*�Capex for�property,�plant�&�equipment�+�financial�&�intangible�assets

154Dividend31394



10

Declining�Capex Going�Forward

2005/06 2007/082006/07 2008/09

Capex

Divestments

2009/10E 2010/11E

3.0-3.5

Americas�Projects

2011/12E

4.14.2

3.0

2.0

0.30.7

0.3 0.2

Depreciation

Cash�flows�from�investing�activities billion�€



11



� Group�Outlook

Agenda



12

109

Steel�Europe

Q2�2009/10�Highlights

Comments�Q2�3qoq4

EBT�in�€m

Q1 Q2 Q3� Q4 Q1

2008/09

Order�intake�in�€m

Current�trading�conditions

2009/102008/09

33124

345104

2009/10

33394

354

Q1 Q2

Q3�Q4

Q1

EBT�adjustedEBT

11231724 32734 163

Q2

Q2

� Significant�recovery�of�order�intake

� After�restart�of�BF�HKM�A�early�January,�all�BFs in�operation

� Higher�capacity�utilization�and�shipments�overcompensate�lower�average�revenues�per�ton�

� Inventory�levels�at�distributors�and�SSC�remain�low;�order�intake�and�capacity�utilization�remain�high

� Massive�increase�in�raw�material�prices

� Tight�market�and�low�stock�levels�allowed�for�price�increases�from�April�1

� Market�conditions�bode�well�for�pricing�in�3rd�calendar�quarter

1,866 1,4792,223 2,324 2,500 2,999



13

Average�revenues�per�ton*,�indexed Q1�2004/2005�=�100

HKM�share

724 873 837756

334265

440410

Q2

Steel�Europe:�Output,�Shipments�and�Revenues�per�Metric�Ton

3,459

Fiscal�year

2005/06 2006/07

3,615

Q1

2008/09

3,194

Cold-rolledHot-rolled

122139

100

125114

133

156

111129 136

116

153

116138

118 118133 134

115 123

150

120

Q1

2005/06

Q2 Q3 Q4Q1

2004/05

Q2 Q3 Q4 Q1

2006/07

Q2 Q3 Q4

1,953

Q3

1,512

2,566

Q4

2007/08

Q1 Q2 Q3 Q4

2007/08

3,553

Q1

2009/10

2,964

Crude�steel�output�3incl.�share�in�HKM4 1,000�t/quarter Shipments*:�Hot-rolled�and�cold-rolled�products 1,000�t/quarter

2008/09

Q1 Q2 Q3 Q4

2,735 2,742 2,7162,438

1,6191,247

2,1262,554

Fiscal�year

2005/06 2006/07

3,483

2007/08

1,001

2,482

3,513

1,048

2,465

3,590

1,093

2,497

Q1

2008/09

Q2 Q3 Q4

2,517

815

1,702

2,088

573

1,515

2,116

533

1,583

2,620

719

1,901

Q1

2009/10

2,533

715

1,818

2009/10

Q1

*�shipments�and�average�revenues�per�ton�until�FY�2007/08�relate to�former�Steel�segment

3,326

2,601

726

Q2 Q2

3,167

Q2

2,199

968



14

Steel�Americas:�The�Transatlantic�Concept

TK�Steel�USA

TK�CSA

TK�SteelEurope

~�0-2�m�t~�3-5�m�t

~�5�m�t

BA�Steel�Americas BA�Steel�EuropeHome�&�key markets

Appliances

Automotive

Pipe�&�Tube

ConstructionSSC



15

Industrial�cost�curve�2012�3hot-rolling�capacities,�NAFTA4��USD/t;mt/yr

Ø cash�costHRC�NAFTA

Transatlantic�Strategy�Based�on�Optimum�Cost-Quality�Position

USD/t

hot-rollingcapacities

Qm�t/yrR

0 10 20 30 40 9050 60 70 80

cash�costHRC

TK�BA�SteelAmericas

Costcompetitiveness

Margin opportunity!

Premium�quality &technology�leadership

Ø pricesNAFTA

Ø pricesTK�BA�SteelAmericas

ThyssenKrupp�CSA

� Sepetiba�Bay, Santa�Cruz,�

Rio�de�Janeiro,�Brazil

� Coking�plant: 1.9�m�t/yr�of�coke

� Sinter�plant:� 5.7�m�t/yr�of�sinter

� 2�blast�furnaces:� 5.3�m�t/yr�of�hot�metal�

� Steel�shop: >5�m�t/yr�of�slabs

� Power�plant:� 490�MW

� Capex budget:� €5.2�bn

� Total�cash-out: €5.9�bn

� 1st�slab:� Q3�CY�2010

ThyssenKrupp�Steel�USA

� Site�on�the�Tombigbee�River,�Mobile�Cty,�AL,�USA

� Hot�strip�mill:� >5�m�t/yr

� up�to�74” width�/�1” thickness,�7�stands

� Tandem/cold�line:� 2.5�m�t/yr

� 4�galvanizing�lines:� 1.8�m�t/yr

� Capex budget:� $3.6�bn

� Total�cash-out: $3.8�bn

� 1st�coil:� mid CY�2010

Key�facts



16

Stainless�Global



Q1 Q2 Q3� Q4 Q1

2008/09



2009/10

33674

EBT�in�€m

2009/102008/09

3202432434

359431144

Q1

Q2

Q3�

Q4Q1

31564 369433074

EBT�adjustedEBT

31174

Q2

Q2

� Loss�expansion�due�to�lower�average base�prices�and�higher�raw�material�costs

� Gradual�improvement�of�base�prices�and�alloy�surcharges�-since�February.

� Positive�development�of�order�intake�and�shipments�due�to�increasing�demand�from�end�customers

� Demand�and�pricing�to�result�in�earnings�improvement�

� Further�increase�in�base�prices�and�alloy�surcharges�as�well�as�high�capacity�utilization�rates�expected�

� Progress�in�re-stocking,�but�stock�levels�still�below�average

967 8181,207 1,155 943

1,560



17

Shipments�Stainless*:�Hot-rolled�and�cold-rolled�productsCrude�steel�output* 1,000�t/quarter

Stainless�Global:�Output,�Shipments�and�Average�Transaction�Price

Q1

Fiscal�year

2005/06

2008/09

Q2

*�including�carbon,�forging,�Ni-Alloys

Q3 Q4 Q1

Fiscal�year

2005/06

2008/09

2006/07 Q2

Hot-rolled,�including�slabsCold-rolled,�including�precision�strip

567510

Q3 Q1Q4

98 9577

95

7089

122

161

118

90

123

161

82100

171

8294

123

177

9892

134

2007/08

Q1

2005/06

Q2 Q3 Q4Q1

2004/05

Q2 Q3 Q4 Q1

2006/07

Q2 Q3 Q4 Q1 Q2 Q3 Q4

2006/07

2008/09

Q1 Q2 Q3

375327

450

Q1

Average�transaction�price�per�ton,�indexed Q1�2004/2005�=�100

*�consolidated

531

Q4 Q1

2007/08

1,000t/quarter

516504

2007/082009/10

690630 624

465

315

525591 603 84 87

126

441 426 429

6054

99135

315 273 351 396

147

357

2009/10

2009/10

657

Q2 Q2

129

447

576

Q2



18




Q1 Q2 Q3� Q4 Q1

2008/09



2009/10

EBT�in�€m

2009/102008/09

30

112

39143128431064Q1

Q2 Q3�Q4

Q13194

31

EBT�adjustedEBT

60

Q2

Q2

� Gradual�improvement�of�volumes�and�prices�throughout�all�product�groups

� Metals�Services�with�significant�earnings�turnaround

� Cost�control�and�implementation�of�restructuring�-e.g.�optimization�of�branch�network.

� Profit�upside�from�price�hikes�in�steel,�stainless�steel,�NF�metals�and�raw�materials

� Inventory�levels�remain�low

� Customers�still�acting�cautiously;�only�modest�“pre-buying”

4,016

2,719 2,4692,881 2,681

3,059



19




Q1 Q2 Q3� Q4 Q1

2008/09



2009/102008/09

Q1 Q2 Q3� Q4 Q1

149159 155

96

166

EBT�in�€m

2009/10

124

EBT�adjustedEBT

Q2

153

Q2

� New�Installations�bottoming�out

� Demand�recovery�in�USA

� Growth�in�New�Installations�in�Asia,�especially�in�China

� Growth�potential�from�Services�and�Modernization

� High�profit�and�margin�levels

� Profit�contribution�across�all�operating�units

� Americas�with�strong�profits�

� Efficiency�improvement�measures�paying�off

1,5621,189 1,186 1,101 1,230 1,215



20

Strategic�Direction�of�Elevator�Technology

Q1 Q2 Q3 Q4 Q1 Q2

2008/09 2009/10

14

EBIT�%EBIT�adj.�€m

250

150

Q1 Q2 Q3 Q4

2007/08

9.1%

11.2%12.5%

Performance�Improvement Growth�of�Service�Business

850,000

900,000

950,000

1,000,000

2007/08 2008/09

Units�under�maintenance

+100,000Units

� Efficient�and�global�production�network

�Harmonized�product�portfolio�based�on�global�platforms

� Focus�on�Service�&�Modernization

� Standardization�of�processes

50

10

6

2



21

Plant�Technology



Q1 Q2 Q3� Q4 Q1

2008/09



2009/102008/09

Q1 Q2 Q3�

Q4

Q1

7499 95

324

65

EBT�in�€m

2009/10

79 66

37

EBT�adjustedEBT

Q2

73

Q2

� Normalization�of�order�intake�after�very�strong�Q1�which�was�positively�impacted�by�some�bulk�orders

� Further�gratifying�order�situation�in�Minerals�&�Mining industry

� Delay�of�few�large�projects�for�cement plants

� EBT�margin�at�7.7%�very�positive�again�and�above�adjusted�FY�level�2008/09�-6.3%.

� Increasing�project�activities�observed�in�all�operating�units

� Stable�order�backlog�of�€6.7�bn -1.6�x�sales.�endorsing�sales�and�earnings�development

� Business�still�impacted�by�delayed�investment�decisions,�partly�due�to�tight�credit�markets

1,751

517807

463

1,324824



22




Q1 Q2 Q3� Q4 Q1

2008/09



2009/102008/09

Q1

Q2Q3�

Q4

Q1

53 43

EBT�in�€m

2009/10

33634

3474 31014

3214 3764 31044

� Increasing�demand�from�automotive�industry�and�restructuring�measures�delivering�positive�results

� All�5�operating�units�in�automotive�supply�industry�with�positive�earnings�contribution

� Further�restructuring�measures�initiated�

-chassis�components.

� Further�increase�in�order�intake�from�rings�and�large-diameter�bearings,�continuing�significant�profit�contribution

� Relatively�robust�European�automotive�markets�

despite�expiration�of�government�programs,�

robust�development�expected�for�USA�and�China

� First�positive�signs�of�recovery�in�construction�machinery due�to�low�inventory�levels�at�customers

EBT�adjustedEBT

Q2

63

Q2

1,2901,016 899 972

1,1691,337



23

Heavy�CommercialVehicles

Earth-movingEquipment

Automotive Infrastructure�and�Energy

Presta�Camshafts

Presta�Steering

Bilstein-Gruppe

Forging�Group

Waupaca

Presta�Camshafts

Presta�Steering

Bilstein-Gruppe

Forging�Group

Waupaca

Forging�Group

Waupaca

Berco

Rothe�Erde

Rothe�Erde

Wind�EnergyEquipment

Plant�Technology�&�Components�Technology:Relevant�industries�behind�the�trough?

Passenger�Cars/�Light�Comm.�Veh.

Cement,Minerals,�Mining

Plant�Engineering

Chemical�Plants

System�Engineering

Time

Volume

Polysius

Fördertechnik

Uhde

Time

Volume

Plant�Technology Components�Technology

Time

Volume

Mar.2010

Time

Volume

Mar.2010

Time

Volume

Mar.2010

Time

Volume

Mar.2010Mar.2010 Mar.2010



24

~100

Marine�Systems



Q1 Q2

Q3�

Q4

Q1

2008/09


1,856

19333394

38404


2009/10

110

2008/09

Q1

Q2Q3�

Q4

Q1

333104

EBT�in�€m

2009/10

33434

31174 31274

~1,000~500

Impact�of�cancellations�container ships,mega yachts,submarinesGreece#

3474 3314 3454 354

EBT�adjustedEBT

Q2

374

8

Q2

139

� New�target�structure�-exit�from�civil�shipbuilding.�

close�to�completion

� Higher�earnings�in�Components/Service�business

� Negative�earnings�of�Hellenic�Shipyards�-HSY.�adjusted�as�

“special�items” due�to�non-going-concern�assumption

� Large�submarine�material�packages�order�for�

Turkey�signed�in�FY�2008/09,�effective�order�

intake�expected�within�FY�2009/10

� Losses�expected�in�surface�vessel�construction,�

caused�by�underutilization�until�closing�of�deals�

with�Abu�Dhabi�MAR



25

80%

SIAG

50%ThyssenKrupp-Engineering.

20%�ThyssenKrupp

80%Abu�Dhabi�MAR

20%ThyssenKrupp

50%Abu�Dhabi�MAR

Mega Yachts�B+V

Shipyards#

NavalSubmarines

NavalSurface

Mega Yachts Container

Kockums HSY

100%ThyssenKrupp

-Engineering�&�Construction.

Submarines

Container

Blohm�+�Voss�Shipyards &�Services-BVSS.

Blohm�+�Voss�Nordseewerke-BVN.

Howaldtswerke Deutsche�Werft-HDW.�

HamburgHamburg�Kiel Emden

Marine�Systems:�Target�StructureExit�from�civil�shipbuilding;�focus�on�naval�engineering�and�submarines

SIAG

Service�B+VRepair#

Components�B+V

Industries#

100%Abu�Dhabi�

MAR

Abu�Dhabi�MAR�to�acquire�civil�shipbuilding�assets�of�former�HDW�Gaarden

Targeted workforce reduction of�60%�to�~�3,500�3from ~�8,300�as�of�Sep�30,�20084

Closed��Mar‘10# Signed��Apr‘10#

Signed��Apr‘10#

Framework�Agrm’tSigned��Mar‘10#



26



� Group�Outlook

Agenda



27

Outlook�FY�2009/10�– Return�to�Profitability

Low�three-digit�million�€ positive,incl.projectcosts,startuplosses,depreciationandinterestexpensesofAmericasprojects3mid-range�three-digit�million�€4

EBT�adjusted

Sales Moderate�stabilization

Significant�improvement�in�earnings,�despite�negative�impact�of�Americas�projects:��

EBIT�adjustedHigh�three-digit�million�€ positive,incl.projectcosts,startuplossesanddepreciationofAmericasprojects



28

Expectations�H2�2009/10�– Business�Areas

Steel�Europe

Significant�raw�materialprice�increases !

Steel�Americas

Start-up�losses�from�Americas�projects !

Stainless�Global

Stabilization�of�volumes,improving�prices


Upside�from�volumes�and�prices


Strength�in�modernization�and�services�business

Plant�Technology

Good�earnings�visibility

Components Technology

Relatively�robust�European�automotive�markets�despiteexpiration�of�government�programs

!

Marine�Systems

Increasing�underutilization�until�closing�of�M&A�transactions !



29

The Way�Forward�to�Sustainable Value Creation

LiquidityProfitability

EBT�>�0

Value Creation

TKVA�and�FCF�>�0

� Operating�cash�flow:�€3.7�bn

� Capex reduction:<�€4.3�bn spent

� €3�bn bonds�issued

� Increase�of�Vale�stake�in�CSA�to�26.87%�-from�10%.�for�€965�m

� Divestments�at�Industrial�Services

� Strong�cost�control

� Realization�of�sustainable�cost�savings:�€1.5�- €2.0�bn targeted�in�FY�2010/11

� Continued�reduction�of�structural�overcapacities

� Increased�external�transparency�and�benchmarking�

� Strong�cost�control�

� Startup�of�Steel�&�Stainless�Americas�with�high�degree�of�flexibility�

� Focus�on�FCF�generation

� Portfolio�under�review

FY�2009/10 FY�2010/11�et�seq.FY�2008/09

Growth Structural�Performance



30

Financial�Calendar�– FY�2009/10�and�FY�2010/11

� August Interim�Report�3rd�Quarter�2009/10Conference�Call�with�analysts�and�investors�-13th.ConferencesCommerzbank “Capital�Goods�Conference”,�Frankfurt�-26th.

� September ConferencesCredit�Suisse�“Capital�Goods�and�Aerospace�Conference”,�London�-15th.UBS�“Best�of�Germany�Conference”,�New�York�-16th.UniCredit “German�Investment�Conference”,�Munich�-22nd.Credit�Suisse�“Global�Steel�&�Mining�Conference”,�London�-23rd.

� November Annual�Report�FY�2009/10Analysts’ and�Investors’ Conference�&�Annual�Press�Conference�-30th.

� February Interim�Report�1st�Quarter�2010/11�311th4

� May Interim�Report�2nd�Quarter�2010/11�313th4

Phone:�+49�201�844-536464�

E-mail:�[email protected]

Internet:�www.thyssenkrupp.com

New�Contact�Details�as�of�June�21,�2010:

ThyssenKrupp�AG

ThyssenKrupp�Allee 1

45143�Essen�- Germany



31

New�Contact�Details�as�of�June�21,�2010�ThyssenKrupp�Corporate�Center�Investor�Relations

NEW�phone�numbers +49�201-844-

Dr.�Claus�Ehrenbeck -536464 Rainer�Hecker -538830Head�of�Investor�Relations Senior�IR�Manager

Stefanie�Bensch -536480 Christian�Schulte -536966Assistant Senior�IR�Manager

Iris�aus der Wieschen -536367 Sabine�Berger -536420Team�assistant IR�Manager

Ute�Kaatz -536466 Klaudia Kelch -538371Event�Manager IR�Manager

Tim�Lange -536309IR�Manager

To�be�added�to�the�IR�mailing�list,�send�us�a�brief�e-mail�with�your�details!

E-mail:�[email protected]



32

Appendix



33

� Premiumflatcarbonsteels

� Large-scale,multiplenicheapproach

� Long-termcustomerrelations

� Technologyleadershipinproductsandprocesses

� Premiumflatcarbonsteels

� CSA:slabmillinBrazil,5mtcapacity,SoP Q3CY2010

� SteelUSA:processingplant�hot/coldrollingandcoating#,midCY2010

� Stainlesssteelflatproducts&high-performancematerials

� OperationsinGermany,Italy,Mexico,China

� StainlesssteelplantprojectinUSA

� Globalmaterials distribution�carbon&stainlesssteel,pipes&tubes,nonferrousmetals,aluminum,plastics#

� Technical andinfrastructureservices for production &manufacturing sectors

� Elevators

� Escalators&movingwalks

� Passengerboardingbridges

� Stairlifts,homeelevator

� Maintenance,Repair&Modernization

� Specialtyandlarge-scaleplantconstruction,e.g.:

� Petrochemicalcomplexes

� Cementplants

� Systemsforopen-pitmining&materialshandling

� Components for theautomotive industry�e.g.crankshafts,axlemodules,steering systems#

� Large-diameter bearings &rings�e.g.for windenergy#

� Undercarriages for trackedearthmoving machinery

Focusonnaval shipbuilding:

� Engineering&Constructionofnon-nuclear submarines

� EngineeringofNavalSurface Vessels�fregates &corvettes#

Steel�Europe Steel�Americas Stainless�Global Materials�Services

ElevatorTechnology

Plant�Technology

ComponentsTechnology

MarineSystems

FY�2008/09:�Sales�€40.6�bn • EBT�€-2.36.�bn • TKVA�€-3.42.�bn • Employees�187,495

ThyssenKrupp*

ThyssenKrupp�Group:�New�Organizational Structure

*TheThyssenKruppGroupconsistsofmorethan800legallyindependentcompanies,organized,existingandoperatingunderthelaws of70countries,ultimatelyledbyThyssenKruppAG.



34

Group�Overview�-I.

ROCE�based on�3,�6,�9�and�12�months

Q1 Q2 Q3 Q4 FY Q1 Q2

Order�intake €m 12,887 7,642 7,926 7,515 35,970 9,328 10,373

Sales €m 11,522 9,859 9,299 9,883 40,563 9,351 10,107

EBITDA €m 764 142 -180. -534. 192 808 700

EBIT� €m 407 -276. -597. -1,197. 31,6634 478 353

EBIT�adjusted €m 416 -112. -289. -390. 33754 402 368

EBT €m 240 -455. -772. -1,377. 32,3644 313 191

EBT�adjusted €m 249 -291. -464. -570. 31,0764 237 206

Net�income €m 163 -362. -630. -1,044. 31,8734 195 234

Earnings�per�share € 0.36 -0.71. -1.38. -2.28. 34.014 0.35 0.45

TK�Value�Added €m -39. -734. -1,030. -1,616. 33,4194 70 -67.

ROCE % 7.8 1.2 -3.0. -8.1. 38.14 10.0 8.5

Ø�Capital�Employed €m 21,025 21,270 20,975 20,662 20,662 19,193 19,483

Goodwill €m 3,846 3,942 3,927 3,902 3,902 3,830 3,920

2008/09 2009/10



35

Group�Overview�-II.

*�incl.�financial�investments


Capital�expenditures* €m 1,105 931 898 1,143 4,077 777 738

Depreciation/amort. €m 357 418 417 663 1,854 331 346

Operating�cash�flow €m -860. 1,483 1,331 1,745 3,699 -308. 184

��Cash�flow�from�divestments €m 106 26 57 10 199 488 17

��Cash�flow�from�investments €m -1,105. -931. -898. -1,143. 34,0774 -777. -738.

Free�cash�flow €m -1,859. 578 490 612 31794 -597. -537.

Cash�and�cash�

equivalents��-incl.�short-term�securities.

€m 3,439 3,820 5,235 5,545 5,545 5,073 4,614

Net�financial�debt €m 3,514 3,687 3,122 2,059 2,059 2,130 2,652

Employees� 197,175 192,521 188,501 187,495 187,495 174,763 172,576

2008/09 2009/10



36

~�1.8

~1.0

~0.8

1.5�– 2.0

~�1.3

Efficiency�Improvement�– Targeted�Sustainable�Cost�Savings

Targeted�sustainable�cost�savings��billion�€

�Based on�existingrestructuringmeasures/initiatives

�Excluding effectsfrom portfoliooptimization

FY�2008/09 FY�2010/11E

sustainable

Q2�2009/10

Realized�management�gains�billion�€



37

Development�of�operating�cash�flow�in�H1 million�€

Operating�Cash�Flow


677

D/A

Netincome

Deferred�taxes

429

31184

31654

31244

Change�in

accruedpensions

31284Others

Inventories

33284

Trade�accounts�receivable

35864

Trade�accounts�payable

116 33114

Other�provisions�

290

Other�assets/liabilities*

*�not�related�to�investing�or�financing�activities

1.

1.� Other�assets/liabilities�&�operating�cash�flow�in�Q1�restated�by €170mto�€-242.m�&�€-308.m�related�to�disposal�of�TKIN�and�Safway

1.



38

Net�Financial�Debt

Free�cash�flow:�31,1344

Capex*

Net�financialdebt

Sep�2009 Net�financialdebt

Mar�2010

32,6524

31,5154

Gearing25.5%


31244

32,0594

Gearing21.2%

505

Divestments

thereof:• Steel�Europe�� 107

• Steel�Americas 902

thereof:TK�CSA� 425

NAFTA�Steel 477

• Stainless�Global 155��

thereof:NAFTA�Stainless 104

• Materials�Services 110

• Elevator�Technology� 23

• Plant�Technology 11

• Components�Technology 115

• Marine�Systems 3

Others

Development�of�net�financial�debt in�H1 million�€

*�Capex for�property,�plant�&�equipment�+�financial�&�intangible�assets

680

Dividend

31394

1.� Divestments�&�operating�cash�flow�in�Q1�restated�by�€170mto�€488m�&�€-308.m�related�to�disposal�of�TKIN�and�Safway

1.

1.



39

Solid�Financial�Situation�– No�Short-Term�Refinancing�Needs

2nd�half2009/10

2010/11 2011/12 2012/13 2013/14 after2013/14

Available�committed�credit�facilities

Cash�and�cash�equivalents

451983

244

1,469

2,406

4,818

1,7134,614*

*�incl.�securities�of�€6�million

9,432

Total:�7,266

Liquidity�analysis�and�maturity�profile�of�gross�financial�debt�as�of�March�31,�2010 million�€



40

Pension�Obligations:�TK�with�Mature�Pension�Schemes

� Numberofplanparticipantssteadilydecreasing

� >70%ofobligationsowedtoretiredemployees,average age>75years

� Decliningpensionobligationsovertime�short-termvariationpossible,mainlyduetochangeindiscountrate#

� Decliningcash-outfrompensionbenefitpayments�2008/09:€578m;2010/11e:€555m#

Expected�Normalized*�Development�of�Accrued�Pension�and�Similar�Obligations��in€ m#

� “Patient” long-termdebt,noimmediateredemptioninonego

� Interestcostindependentofratings,covenantsetc.

� MainlyfundedbyTK’s operatingassets

� Vitalpartofcompensationsystem

Accrued pensionliability

Accruedpostretirement oblig.other than pensions

Other accruedpension-relatedobligations

6,193

1,137

362

7,692

Accrued�Pension�and�Similar�Obligations�Mar31,2010;in€ m#

7,537

08/09 09/10 10/11 11/12 12/13 13/14 …

- 100-200�p.a.

*Assumption:unchangeddiscountrate



41

Long�term- Short�term- Outlookrating rating

Standard�&�Poor’s BB+ B stable

Moody’s Baa3 Prime-3 negative

Fitch BBB- F3 negative

Restoring�/�maintaining�investment�grade�status

with�all�three�rating�agencies�is�key!

ThyssenKrupp�Rating



42

Steel�Europe:�Overview


Steel�Europe


Order�intake €m 1,866 1,479 2,223 2,324 7,892 2,500 2,999

Sales €m 2,848 2,326 2,151 2,245 9,570 2,281 2,667

EBITDA €m 518 277 -147. -161. 487 275 327

EBIT €m 362 128 -296. -328. 31344 126 179

EBIT�adjusted €m 371 131 -156. -262. 84 126 179

EBT €m 345 109 -312. -339. 31974 104 163

EBT�adjusted €m 354 112 -172. -273. 21 104 163

TK�Value�Added €m 231 -13. -431. -449. 36624 14 62

ROCE % 24.9 16.3 4.3 -2.3. 32.34 10.1 12.0


OCF €m -790. 279 576 588 653 -123. 235

��CF�from�divestments €m 1 14 -9. 180 184 3 -1.

��CF�for�investments €m -102. -125. -103. -106. 34364 -39. -68.

FCF €m -893. 168 465 661 401 -159. 166

38,048 37,380 36,607 36,416 36,416 35,582 34,872Employees��

2008/09 2009/10



43

0.0

0.5

1.0

1.5

2.0

2.5

3.0

J'0

5

J'0

6

J'0

7

J'0

8

J'0

9

J'1

0

1

2

3

4

5

6

7

0

1

2

3

4

5

6

7

8

9

J'0

5

J'0

6

J'0

7

J'0

8

J'0

9

J'1

0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

0

1

2

3

4

5

6

7

8

9

A�0

7

J�0

7

O�0

7

J�0

8

A�0

8

J�0

8

O�0

8

J�0

9

A�0

9

J�0

9

O�0

9

J�1

0

A�1

0

InventoriesChina

Inventories�and�Months�of�Supply�- Europe

Inventories�and�Months�of�Supply�- USA

Steel:�Inventories�and�Months�of�Supply

Source�s#:TKS,EASSC,CreditSuisse,MSCI,UBS,MySteel

Europe:EuropeanSSC:Inventories atmonth end/flat carbon steel w/oquarto

InventoriesMm�tN

MOSMmonthsN

USA:AprilMSCIinventories,carbon flat-rolled

InventoriesMm�stN

MOSMmonthsN

China:flat steelinventoryin23majorcities�HR,CRandPlate#

InventoriesMm�tN



44

� Sustained�economies�of�scale�in�the��metallurgical�process

� Excellent�plant�configuration�with�highest�technology�standards

� Optimum�specialization�and�logistics�of�downstream�operations

� Short�distances�to�key�customers

Unique�Steel�Site�Configuration�in�Europe:�17�m�tpy Capacity�in�one�City

21 %41 %

38 %

59 %

18 %

23 %

250�km

500�km

>�500�km

Sales�volume

Customers

Duisburg

Multiple

Niches

Large

Scale



45

300

400

500

600

700

800

900

1,000

Premium�Product�Mix�Generates�Above-Average�Revenues

Premium�Product�Mix�Steel�Europe�FY�2008/09

in%ofsales

6

8

12

33

11

45

15

6

TailoredBlanks Construction

Elements

ElectricalSteel

Medium-wide�Strip

Hot�Strip

Tinplate

Coated�Products3HDG,�EG,�Color4

Cold�Strip

Heavy�Plate

Multiple

Niches

Large

ScaleRevenues/t €/t

*# excl.MetalForming

2004 200820062005 20092007

BA�Steel�Europe*.

majorEuropean

competitors



46

Construction

Sales�by�Maturity�FY�2008/09 in�%

Sales�by�Industry�FY�2008/09 in�%

33

4

2216

9

11

5

Quarterly

Half-yearAnnual�&>1�year

Spot

6510

15

10

Long�Term�Customer�Relations�Establish�Lower�Volatility

Others Automotive�industry�3incl.�suppliers4

Packaging

Trade

Mechanical�Engineering

Steel�and�steel-related�processing

Price�index hot�rolled Index�-Q3�1997�=�100.

60

80

100

120

140

160

180

200

220

240

260

Alldataincl.Q12010Sources:CRUandowncalculationsbasedonCRU,TKSE

CRU

ThyssenKruppSteel�Europe

ThyssenKrupp�Steel�Europe�3external sales4�

German�market 3CRU4

98 00 02 04 06 08 10



47

Steel�Americas:�Overview


Steel�Americas


Order�intake €m 0 0 0 0 0 0 23

Sales €m 0 0 0 0 0 0 23

EBITDA €m -40. 0 10 -43. 3734 38 8

EBIT €m -42. 0 9 -44. 3774 37 7

EBIT�adjusted €m -42. 0 9 -44. 3774 37 7

EBT €m -76. -22. -19. -99. 32164 -4. -32.

EBT�adjusted €m -76. -22. -19. -99. 32164 -4. -32.

TK�Value�Added €m -102. -73. -73. -141. 33894 -80. -125.

ROCE % -6.2. -2.8. -1.4. -2.2. 32.24 2.8 1.6


OCF €m -39. -55. 15 69 3104 -171. -93.

��CF�from�divestments €m 0 0 19 -1. 19 2 1

��CF�for�investments €m -610. -435. -483. -608. 32,1354 -455. -448.

FCF €m -649. -490. -448. -540. 32,1264 -624. -539.

1,263 1,529 1,590 1,659 1,659 1,794 2,256Employees��

2008/09 2009/10



48

Steel�Americas�– ThyssenKrupp�CSA

Melt shop Blast�furnaces Power�plantSinter�plant

GasometerGasometer



49

Steel�Americas�– ThyssenKrupp�Steel�USA

Hot-rolling mill



50

Stainless�Global:�Overview


Stainless�Global


Order�intake €m 967 818 1,207 1,155 4,147 943 1,560

Sales €m 1,173 988 1,030 1,295 4,486 1,210 1,461

EBITDA €m -189. -251. -98. -62. 36004 -3. -61.

EBIT €m -228. -351. -185. -100. 38644 -41. -102.

EBIT�adjusted €m -228. -291. -139. -55. 37134 -41. -102.

EBT €m -243. -367. -202. -114. 39264 -59. -117.

EBT�adjusted €m -243. -307. -156. -69. 37754 -59. -117.

TK�Value�Added €m -310. -428. -254. -164. 31,1564 -104. -166.

ROCE % -25.1. -32.7. -30.2. -26.7. 326.74 -5.9. -10.2.


OCF €m -319. 262 122 183 248 -100. 88

��CF�from�divestments €m 2 3 4 -2. 7 0 1


FCF €m -409. 218 47 56 3884 -168. 3

12,167 12,079 11,869 11,755 11,755 11,597 11,235Employees��

2008/09 2009/10



51

Stainless�Global:�Price�Development and�Import�Situation

25.3

42.344.644.5

25.4

41.539.338.8

22.219.9

36.0

51.9

41.9

21.5

2005

2006

2007

2008

2009

Jul

Aug

Sep

Oct

Nov

Dec

Jan�1

0

Feb

Mar

Asia Americas Others

Price�development:�recovery�gaining�sustainability Cold-rolled imports from third countries Q000t/MonthR

Regional�price development*

0

2,000

4,000

6,000

8,000

Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 May-10

China

USA

Europe

*AISI304�1.4301#CRFlat,2mmSource:CRUJun2010�EU+USA#,SL-SKSMay2010�WuxiMarketpricesCHINA#

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

Jan-06

Jul Jan-07

Jul Jan-08

Jul Jan-09

Jul Jan-10

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

*�Base PriceGermany,Traders/SSC,304,2mmsheetSource:CRUJune2010,Metalprices�NICKEL#June2010

EUR/t US$/t

Base�Price�EU*

Alloy�Surcharge�EU

Nickel

Source:Eurofer May2010,SL-NRVV-BDG

May



52

Stainless:�Inventories and�Stock�Reach

0

20

40

60

80

100

120

140

160

Jan-06 Jul Jan-07 Jul Jan-08 Jul Jan-09 Jul Apr-10

Stock�Level

Stock�Reach

0

20

40

60

80

100

120

140

160

Jan-06 Jul Jan-07 Jul Jan-08 Jul Jan-09 Jul Apr-10

Stock�Level

Stock�Reach

Germany�3cold-rolled products4 USA�3hot- and�cold-rolled products all�shapes4

Source:MSCIMay2010

Stock�level:�INDEX�Jan�2005�=�100Stock�Reach:�Calendar Days

Average�Stock�Reach

Stock�level:�INDEX�Jan�2005�=�100Stock�Reach:�Calendar Days

Average�Stock�Reach

Source:EHVMay2010



53

Stainless�Steel�Contract�Structure

0% 10% 20% 30% 40% 50%

Short�Term�Contracts�<0.5�year�

Medium�Term�Contracts�0.5�– 1�year�

Long�Term�Contracts�>�1�year� 30%

30%

40%

basedonThyssenKruppNirostaShipments2008/09

Nickel�Alloy�Sales�by�Customer�Group

Increasing Non-Volatile Customer BasesSales�structure within ThyssenKrupp�Stainless

basedonshipments,FY2008/09

Others

SSC/Trading

Tubes

Automotive

Household�Applications

Metal�Processing

53

107411

7

White�Goods8

Distribution

Oil/�Gas

Aerospace/Turbines

Electronics

Chemical/Energy

Automotive

basedonnetsales,FY2008/09

8 6

22

2018

26

Stainless�Steel�Sales�by�Customer�Group



54

Materials�Services:�Overview




Order�intake €m 4,016 2,719 2,469 2,881 12,085 2,681 3,059

Sales €m 3,995 3,109 2,751 2,960 12,815 2,760 2,881

EBITDA €m 100 -46. -64. -28. 3384 168 103

EBIT €m 54 -88. -106. -71. 32114 129 70

EBIT�adjusted €m 54 -88. -106. 1 31394 48 70

EBT €m 30 -106. -128. -91. 32954 112 60

EBT�adjusted €m 30 -106. -128. -19. 32234 31 60

TK�Value�Added €m -37. -178. -189. -142. 35464 64 7

ROCE % 5.0 -1.6. -4.5. -5.3. 35.34 16.7 13.2


OCF €m -202. 197 390 569 953 -82. -102.

��CF�from�divestments €m 38 10 11 3 62 308 3


FCF €m -234. 147 352 470 735 136 -118.

46,367 45,674 44,744 44,316 44,316 31,972 31,482Employees��

2008/09 2009/10



55

Elevator�Technology:�Overview




Order�intake €m 1,562 1,189 1,186 1,101 5,038 1,230 1,215

Sales €m 1,343 1,293 1,328 1,344 5,308 1,226 1,221

EBITDA €m 174 165 183 118 640 171 168

EBIT� €m 157 149 168 96 570 154 151

EBIT�adjusted €m 157 149 168 124 598 154 151

EBT €m 159 149 166 96 570 155 153

EBT�adjusted €m 159 149 166 124 598 155 153

TK�Value�Added €m 125 116 137 68 446 127 123

ROCE % 38.3 37.4 39.6 36.7 36.7 45.0 44.7


OCF €m 75 289 170 220 754 87 238

��CF�from�divestments €m 10 4 2 3 19 3 -1.


FCF €m 52 256 155 175 638 75 229

43,599 43,306 42,761 42,698 42,698 42,926 42,787Employees��

2008/09 2009/10



56

Fundamental�Trends�for�Demand�in�the�Elevator�Industry

Urbanization Aging�Safety/

Energy�efficiencyPopulationGrowth

More�people�demand�for�safe�transportation�within�a�building

1 2 3 4

1950 1980 2010 20501950 1980 2010 2050 1950 1980 2010 2050

Source:UnitedNations

People People People�60+

2.5�bn 9.1�bn 0.7�bn 6.3�bn 0.2�bn 2.0�bn SNEL�Regulation�*

*Safety NormofExisting Lifts



57

Infrastructure Projects�Provide Growth�Opportunities

BJ

CSWH

CQCD

QDJN

SY

DL

HF

XMKM

HN

ZS�Plant

NB

GY

NC

Urumqi

ZS�Escalator�Plant

SH�SJ�Plant

HRB

TJ

YT

GZDG

FZ

ZS�SZ�

SH

NN

HZ

NJ SZX’A

ZZ

HQ�-SH

Projects�in�China Projects�in�India

Guwahati

Jamshedp

ur

Bhubaneswar

Patn

a

Luckno

w

Chandigar

h

Jaipu

r

Madhya

Pradesh Chhatisga

rh

Ranch

i

Goa

Hyderabad

Madura

i

Coimbatore Pondicherr

y

Gujrat

Mangalo

reMysore

Hubli

Cochi

n

Calicut

Trivandrum

Gurgao

n

AirportsRailwayStations

SubwaySystems

Number ofprojects ~100 >100 ~100

AirportsRailwayStations

SubwaySystems

Number ofprojects ~100 >400 ~200



58

Plant�Technology:�Overview

Plant�Technology


Order�intake €m 1,751 517 807 463 3,538 1,324 824

Sales €m 1,078 1,187 1,101 1,084 4,450 954 940

EBITDA €m 81 66 58 1 206 90 67

EBIT €m 72 57 49 -15. 163 82 59

EBIT�adjusted €m 72 62 50 24 208 82 59

EBT €m 99 74 65 -2. 236 95 73

EBT�adjusted €m 99 79 66 37 281 95 73

Ø�Capital�Employed €m -1,054. -1,048. -1,035. -1,034. 31,0344 -1,132. -1,177.

OCF €m 74 80 -52. 152 254 114 161



FCF €m 55 65 -60. 135 195 109 155

13,416 13,186 13,062 13,043 13,043 12,977 12,934Employees��

2008/09 2009/10



59

Plant�Technology:�Technology�Portfolio�Offering Growth�Potential

OU

Polysius

Förder-technik

Uhde

Technologies Market�Positions

Gas&OilRefining

Biotechnology

Gasification

Coke PlantTechnologies

Electrolysis

HandlingProcessingHandlingMining

Mining�and�MaterialsHandlingEquipment:� No.1

Cementplants: No.3

Conversion Technologies Customer Products

Fertilizers,Org.Chemicals &Polymers

Biopolymers

ElectricPower;Fuel

Steel

Inorganic &Organic Chemicals

Raw materialpreparation Clinker production Cement manufacturing

Fertilizers:� No.1Polymers:� No.2

Coke Plant�Tech.:� No.1

Electrolysis:� No.1



60

0

50

100

150

200

250

300

350

400

Coal Copper Gold Iron�Ore�Spot

0

200

400

600

800

1,000

1,200

1,400Caustic�Soda PVC Ethylene

0

100

200

300

400

500

600

700

800

900Ammonia Urea

0

20

40

60

80

100

120

140

160

2003 2004 2007 2008 2009E 2010E 2011E 2012E 2015E

Plant�Technology:�Recovery�of�Relevant�End�Products�&�Markets

Chemical�plant�engineering:�Petrochemical�plants�Pricedevelopmentselectedpetrochemicalproducts �€/t#

Chemical�plant�engineering:�Fertilizer�plants�Pricedevelopmentselectedfertilizerprecursors �US$/t#

Minerals�and�mining�equipment:Pricedevelopmentselectedrawmaterials�indexed;Jan2006=100#

Capital�expenditure�for�global�mining��US$bn,realterms#

Source:McKinseyBasicMaterialsInstitute,SIMminingcapex model,April2009

Sources:CMAIChlor-AlkaliMarketReport,EuropeanChemicalNews Source:Fertilizer Week

2007 2008 2009 2007 2008 2009

2007 2008 20092006Sources:IMF,Kitco

20102010

2010



61

Components�Technology:�Overview

ROCE�based on�3,�6,�9�and�12�months;�calculation with the higher of�average equity and�average capital employed



Order�intake €m 1,290 1,016 899 972 4,177 1,169 1,337

Sales €m 1,299 1,100 1,063 1,141 4,603 1,237 1,344

EBITDA €m 137 37 -6. -133. 35 124 143

EBIT� €m 66 -33. -85. -344. 33964 57 73

EBIT�adjusted €m 66 -7. -60. -85. 3864 57 73

EBT� €m 53 -47. -101. -363. 34584 43 63

EBT�adjusted €m 53 -21. -76. -104. 31484 43 63

TK�Value�Added €m -1. -105. -155. -406. 36674 -1. 13

ROCE % 8.9 2.1 -2.6. -13.7. 313.74 8.9 9.9


OCF €m -70. 48 176 228 382 70 80



FCF €m -201. -74. 67 332 124 8 38

31,418 29,223 27,963 27,973 27,973 27,997 27,894Employees��

2008/09 2009/10



62

South�America

• Idling�of�production�lines�for�crankshaft�production�as�of�Dec�2009

North�America

• Closure�of�crankshaft�plant

• Idling�of�plant�for�gray�iron�castings�as�of�Dec�2009

• Closure�of�two�production�plants�for�steering�components�in�Q2�2009/10

Europe

• Closure�of�crankshafts�production�site�as�of�Oct�2009

• Closure�of�two�additional�crankshaft�production�lines�until�mid�2010

• Closure�of�crankshaft�machining�plant�in�process

• Q2�2009/10:�Announcement�closure�of�German�plant�for�chassis�components

� End�of�production�in�10�plants�and�several�production�lines

� Further�restructuring�measures�under�review

Components�Technology:�Restructuring�Measures�Well�on�Track�



63

Components�Technology:Participating�in�pioneering�project�for�offshore�wind�technology

OFFSHORE�WIND�FARM�„ALPHA�VENTUS“ PARTICIPATION�COMPONENTS�TECHNOLOGY

� Germany’sfirstoffshorewindfarm

� 45kmawayfromcoastinwaters30mdeep

� Comprises12windturbinesof5MWclass

� Expectedenergyyieldp.a.:ca.220GWh�=energyconsumptionof~50,000households#

Technical�data�wind�turbine�“Multibrid M5000”

� Rotordiameter:116m

� Totalheightaboveseabed:178m

� Bladetipspeed:90m/s �=300km/h#

� Weightofsteelintripod,tower,nacelle:1,000t

� Single-sourcesupplierfor6“Multibrid M5000” windturbines:

� 6yawbearings

� Each4.0tweight,4.2mdiameter

� 6pitchbearings

� Each4.5tweight,3.6mdiameter

Strong�growth�potential�for�offshore�wind�energy�in�Germany:�Capacity�expected�to�grow�from�12�MW�in�2008�to�30,000�MW�in�2030



64

Marine�Systems:�Overview

Marine�Systems


Order�intake €m 1,856 193 -339. -840. 870 110 139

Sales €m 546 371 321 356 1,594 254 287

EBITDA €m 42 -90. -93. -178. 33194 -1. 11

EBIT�� €m 32 -115. -123. -337. 35434 -6. -4.

EBIT�adjusted €m 32 -45. -27. -39. 3794 -1. 11

EBT� €m 33 -117. -127. -343. 35544 -10. -7.

EBT�adjusted €m 33 -47. -31. -45. 3904 -5. 8

Ø�Capital�Employed €m 430 449 420 379 379 245 232

OCF €m -168. 169 -50. -179. 32284 -124. 145


��CF�for�investments €m -12. -165. -19. 0 31964 -1. -2.

FCF €m -179. 12 -47. -178. 33924 -126. 147

8,319 8,305 8,057 7,770 7,770 7,593 6,669Employees��

2008/09 2009/10



65

Corporate/Consolidation:�Overview

Corporate/Consolidation


Order�intake €m -421. -289. -526. -541. 31,7774 -629. -783.

Sales €m -760. -515. -446. -542. 32,2634 -571. -717.

EBITDA €m -59. -16. -23. -48. 31464 -54. -66.

EBIT� €m -66. -23. -28. -54. 31714 -60. -80.

EBT €m -160. -128. -114. -122. 35244 -123. -165.

OCF €m 579 214 -16. -85. 693 21 -568.

2,578 1,839 1,848 1,865 1,865 2,325 2,447Employees�-Corporate.

2008/09 2009/10



66

Business�Area�Overview�– Quarterly�Order�Intake

million�€ Q1 Q2 Q3 Q4 FY Q1 Q2

Steel�Europe 1,866 1,479 2,223 2,324 7,892 2,500 2,999

Steel�Americas 0 0 0 0 0 0 23

Stainless�Global 967 818 1,207 1,155 4,147 943 1,560

Materials�Services 4,016 2,719 2,469 2,881 12,085 2,681 3,059

Elevator�Technology 1,562 1,189 1,186 1,101 5,038 1,230 1,215

Plant�Technology 1,751 517 807 463 3,538 1,324 824

Components�Technology 1,290 1,016 899 972 4,177 1,169 1,337

Marine�Systems 1,856 193 -339. -840. 870 110 139

Corporate 34 26 22 45 127 31 31

Consolidation -455. -315. -548. -586. 31,9044 -660. -814.

Group 12,887 7,642 7,926 7,515 35,970 9,328 10,373

2008/09 2009/10



67

Business�Area�Overview�– Quarterly�Sales


Steel�Europe 2,848 2,326 2,151 2,245 9,570 2,281 2,667

Steel�Americas 0 0 0 0 0 0 23

Stainless�Global 1,173 988 1,030 1,295 4,486 1,210 1,461

Materials�Services 3,995 3,109 2,751 2,960 12,815 2,760 2,881

Elevator�Technology 1,343 1,293 1,328 1,344 5,308 1,226 1,221

Plant�Technology 1,078 1,187 1,101 1,084 4,450 954 940

Components�Technology 1,299 1,100 1,063 1,141 4,603 1,237 1,344

Marine�Systems 546 371 321 356 1,594 254 287

Corporate 34 26 22 45 127 31 31

Consolidation -794. -541. -468. -587. 32,3904 -602. -748.

Group 11,522 9,859 9,299 9,883 40,563 9,351 10,107

2008/09 2009/10



68

Business�Area�Overview�– Quarterly�EBITDA


Steel�Europe 518 277 -147. -161. 487 275 327

Steel�Americas -40. 0 10 -43. 3734 38 8

Stainless�Global -189. -251. -98. -62. 36004 -3. -61.

Materials�Services 100 -46. -64. -28. 3384 168 103

Elevator�Technology 174 165 183 118 640 171 168

Plant�Technology 81 66 58 1 206 90 67

Components�Technology 137 37 -6. -133. 35 124 143

Marine�Systems 42 -90. -93. -178. 33194 -1. 11

Corporate -54. -28. -37. -32. 31514 -52. -55.

Consolidation -5. 12 14 -16. 5 -2. -11.

Group 764 142 31804 35344 192 808 700

2008/09 2009/10



69

Business�Area�Overview�– Quarterly�EBIT


Steel�Europe 362 128 -296. -328. 31344 126 179

adjusted 371 131 -156. -262. 84 126 179

Steel�Americas -42. 0 9 -44. 3774 37 7

adjusted -42. 0 9 -44. 3774 37 7


adjusted -228. -291. -139. -55. 37134 -41. -102.


adjusted 54 -88. -106. 1 31394 48 70


adjusted 157 149 168 124 598 154 151

Plant�Technology 72 57 49 -15. 163 82 59

adjusted 72 62 50 24 208 82 59

Components�Technology 66 -33. -85. -344. 33964 57 73

adjusted 66 -7. -60. -85. 3864 57 73

Marine�Systems 32 -115. -123. -337. 35434 -6. -4.

adjusted 32 -45. -27. -39. 3794 -1. 11

Corporate -60. -36. -45. -40. 31814 -59. -68.

Consolidation -6. 13 17 -14. 10 -1. -12.

Group 407 32764 35974 31,1974 31,6634 478 353

adjusted 416 31124 32894 33904 33754 402 368

2008/09 2009/10



70

Business�Area�Overview�– Quarterly�EBT


Steel�Europe 345 109 -312. -339. 31974 104 163

adjusted 354 112 -172. -273. 21 104 163

Steel�Americas -76. -22. -19. -99. 32164 -4. -32.

adjusted -76. -22. -19. -99. 32164 -4. -32.


adjusted -243. -307. -156. -69. 37754 -59. -117.


adjusted 30 -106. -128. -19. 32234 31 60


adjusted 159 149 166 124 598 155 153

Plant�Technology 99 74 65 -2. 236 95 73

adjusted 99 79 66 37 281 95 73

Components�Technology 53 -47. -101. -363. 34584 43 63

adjusted 53 -21. -76. -104. 31484 43 63

Marine�Systems 33 -117. -127. -343. 35544 -10. -7.

adjusted 33 -47. -31. -45. 3904 -5. 8

Corporate -155. -141. -131. -107. 35344 -121. -154.

Consolidation -5. 13 17 -15. 10 -2. -11.

Group 240 34554 37724 31,3774 32,3644 313 191

adjusted 249 32914 34644 35704 31,0764 237 206

2008/09 2009/10



71

Business�Area�Overview�– Quarterly�Operating�Cash�Flow


Steel�Europe -790. 279 576 588 653 -123. 235

Steel�Americas -39. -55. 15 69 3104 -171. -93.

Stainless�Global -319. 262 122 183 248 -100. 88

Materials�Services -202. 197 390 569 953 -82. -102.


Plant�Technology 74 80 -52. 152 254 114 161

Components�Technology -70. 48 176 228 382 70 80

Marine�Systems -168. 169 -50. -179. 32284 -124. 145

Corp./Cons. 579 214 -16. -85. 693 21 -568.

Group 860 1,483 1,331 1,745 3,699 33084 184

2008/09 2009/10



72


Steel�Europe:

Restructuring�Metal�Forming -9. -3. -10. -38. 3604

Restructuring�TK�Steel -125. -1. 31264

Restructuring�Color/Construction -5. -18. 3234

Impairment�Metal�Forming -6. 364

Impairment�Color/Construction -3. 334

Stainless�Global:

Restructuring�Nirosta -46. 3464

Impairment�SKS -60. 1 3594

Impairment�Nirosta -46. 3464

Materials�Services:

Restructuring�Metals�Germany -57. 3574

Restructuring�Western�Europe -6. 364

Restructuring�Plastics�Services -9. 394

Disposal�Gain�TKIN�and�Safway 81

Elevator�Technology:

Restructuring�Fahrtreppen�Hamburg -25. 3254

Impairment�Fahrtstreppen�Hamburg -3. 334

Business�Area

2008/09 2009/10

Special�Items�-I.



73

Special�Items�-II.


Plant�Technology:

Restructuring�System�Engineering -1. -22. 3234

Restructuring�Transrapid -5. -10. 3154

Impairment�Transrapid -7. 374

Components�Technology:

Restructuring�Forging�Group -19. -12. -97. 31284

Restructuring�Bilstein -2. -5. -12. 3194

Restructuring�Presta�Steering -2. -2. -9. 3134

Restructuring�Waupaca -3. 334

Impairment�Forging�Group -2. -35. 3374

Impairment�Bilstein -22. 3224

Impairment�Presta�Steering -1. -8. -5. 3144

Impairment�Waupaca -76. 3764

Divestment�Bilstein 2 2

Marine�Systems:

Restructuring�Marine�Systems -25. -78. -124. 32274

Impairment�Marine�Systems -14. -19. -174. 32074

Divestment�Nobiskrug -31. 1 3304

Hellenic�Shipyards -5. -15.

Business�Area

2008/09 2009/10



74

Source:ThyssenKruppShareholderID03/2010,ThyssenKruppAGMregistrations

Shareholder�Structure – by Region

Germany� 61.26%

-incl.�AKBH-Foundation 25.33%.

Treasury�Shares 9.84%

Rest�of�World 0.80%

Europe 8.70%

UK/Ireland 9.40%

North�America 10.00%

July2010 · 2019-03-08 · Presentation ThyssenKrupp July 2010 1 Disclaimer˝ThyssenKrupp˝AG ......

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Transcript of July2010 · 2019-03-08 · Presentation ThyssenKrupp July 2010 1 Disclaimer˝ThyssenKrupp˝AG ......