20th Annual General Meeting
Guido Kerkhoff
CEO | thyssenkrupp AG
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thyssenkrupp is a special company
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Target for fiscal year 2020/21
Free Cash Flow before M&A
≥ €bn
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Requirements for success
Unanimous mandate from the Supervisory Board
Support from major shareholders and employee representatives
Strong leadership team
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Our focus topics
Joint Venture Performance Separation
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Steel Joint Venture – thyssenkrupp Tata Steel
50/50 Joint Venture
Strong new #2 in European flat steel market
Milestone for the European steel industry
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thyssenkrupp Tata Steel – Designated leadership team
Future position
Chief Executive Officer
Andreas Goss
Chief Financial Officer
Sandip Biswas
Chief Technology Officer
Hans Fischer
Chief Strategy Officer
Premal Desai
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Our focus topics
Joint Venture Performance Separation
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Separation into two strong companies
Strong DNA
Strategic clarity
Closer to customers and markets
Better valuation
Own stock exchange listings
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thyssenkrupp Industrials
Engineering makes the difference
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MAX – Predictive maintenance of elevators
Engineering makes the difference
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Electric steering systems
Engineering makes the difference
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Carbon2Chem
Engineering makes the difference
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Digital twin
Engineering makes the difference
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Industrials: Well positioned, but performance to be improved
Components Technology
Elevator Technology
Industrial Solutions
#1
Steering column
#4
Elevators and escalators
#2
Cement plants
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Materials: Leading market positions
Stahl- Joint Venture
Materials Services
Forged Technologies
#2
Europe
Marine Systems Bearings
#1
Germany
#1
Conventional submarines
#1
Slewing bearings
#1
Forging business
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thyssenkrupp Materials
Strong position in materials businesses
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Technical procedure for the transaction
1. Former thyssenkrupp AG
thyssenkrupp Materials AG1
thyssenkrupp Industrials AG
After separation Date of spin-off
tkAG shareholders
additionally receive new shares of thyssenkrupp Industrials AG
continue to hold their shares of thyssenkrupp AG and
tkAG shareholders
Shareholders of thyssenkrupp AG
tk Materials AG temporarily holds a minority stake of tk Industrials AG
tk Materials
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October 1st, 2018
February 12th, 2019
Spring 2019
May 2019
October 1st, 2019
End of 2019
January 31st, 2020
Announcement of separation
Announcement of organizational and management structures
Personnel decisions
Financial structure, brand image and strategy
Operative start of Industrials & Materials
Spin-off documents with equity stories
Annual General Meeting: submission for approval
Ambitious timeline for the separation
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Our focus topics
Joint Venture Performance Separation
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Fiscal year 2017/18 at a glance
1. Without Steel Americas
thyssenkrupp Group (vs. FY 2016/171)
Order intake €bn 42.8 (±0%)
Sales €bn 42.7 (+3%)
Adjusted EBIT €bn 1.6 (-10%)
Net income €mn 60 (-78%)
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Dividend and share price
Dividend 15 Cent per share for fiscal year 2017/18
Share price Weak development due to operative performance
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Elevator:
Stronger integration
Reduction of G&A costs
Reorganization of Americas business
23
Issues systematically addressed
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Automotive business:
Positive outlook
Quality issues addressed
Ramp-up of new production plants
High order backlog
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Issues in project execution
Simplification of structures
New, lucrative orders
Plant engineering:
Biggest improvement potential
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Outlook fiscal year 2018/19
1. Group without discontinued steel activities (BA Steel Europe, thyssenkrupp MillServices & Systems GmbH and individual Corporate companies) 2. Adjusted for effects of IFRS 15, prior year: 33.6 €bn
KPIs year-on-year (continuing operations1)
Sales2 Low single-digit %-growth
Adjusted EBIT >1 €bn
Net income Significant y-o-y improvement, >0
Free cash flow before M&A Significant y-o-y improvement, but still negative
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What we want to achieve next year
Joint Venture Performance Separation
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