bernd stephan, capital markets day 29.nov. 2018
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© SKF Group
SKF Automotive and Aerospace
Top customers
A&A Product portfolioA&A Sales by region
Employees
10 000
Auto bearings
market sharesAero bearings
market shares
A&A footprint
• Nr.1 in HBU
• Nr.4 in Auto brgs
• Nr.6 in Seals
• Nr.1 in Aero brgs
• Top 3 in Composites
• Nr.5 in PED & sealsRevenue
27 BSEK
Tudela, ESP
Puebla, MEX
Busan, S.KOR
Cajamar, BRA
St Cyr, FRA
Airasca, ITA
Muhlheim, GER
Shanghai ATC1 & ATC2, CHN
Elgin, USMuskegon, USColebrook, US
Falconer, USBaltimore, US
Ladson, US
Clevedon, UKStonehouse, UK
Valenciennes, FRA
Lons Le-Saunier, FRA
Villar Perosa, ITA
St.Vallier, FRA
Elgin, US
Kalofer, BUL
Varese, ITA
Leverkusen, GER
Mysore, IND
Daegu, S.KOR
Wuhu, CHN
Guadalajara, MEX
Zapopan, MEX
VP Poggio Rusco, ITA
VP Singapore
VP Hebron, US
Vehicle parts ATC, CHN
Vehicle parts, BRA
VP St. Cyr, FRA
Villanova, ITA
SEALING SOL.
10 Factories
AUTOMOTIVE
9 Factories & 6 VP
Kitting centers
AERO
12 Factories
ASIA
6 locationsEUROPE
15 locations
AMERICAS
11 locations
West Europe
East Europe
North America
South America
China
IndiaRest of Asia
SCHAEFFLER
NSK
NTN
SKF
JTEKTTIMKEN
ILJIN
CHINESE
OTHERS
SKF
SCHAEFFLER
TIMKENMINEBEA
NTNJTEKT
NSK
CHINESE
OTHERS
AM Brg Specials
Aero Brg SpecialsCompo
sites
Seals
Standard Brgs
Other
© SKF Group
Profitability development 2018
Excellent• profitability development in most markets
US tariff effect compensated•
Strong growth in (NEV) New Energy Vehicle• segment
AUTOMOTIVE BEARING BUSINESS UNIT
TURNAROUND PLAN 2015-2017 DELIVERED
Automotive Operating profit
0
100
200
300
400
500
600
700
Q116 Q216 Q316 Q416 Q117 Q217 Q317 Q417 Q118 Q218 Q318
© SKF Group
Gearing up for the future
Capture customer value
Profitability management
Innovation leadership
Cost reduction
Organizational
efficiency & effectiveness
1
2
3
4
5
New product offering for New Energy Vehicles (NEV)❖
Convert market trends in new business models❖
Strong customer and product portfolio management❖
Convert market & technology trends into new product portfolio❖
Leadership in friction & weight reduction❖
❖ Design-to-cost
❖ Competitiveness through continuous added value & purchasing
cost reduction
❖ Strengthen Business Unit concept
❖ Implement World Class Manufacturing (I 4.0)
❖ Business Process digitalization
Targeting robust operating margin over business cycle
© SKF Group
Delivering value through a strengthened organisation
Automotive & Aerospace
Automotive Bearing
Business Unit
Sealing Solutions
Business Unit
Aerospace
Business UnitVSM
Business Unit
Separated OEM and Aftermarket •
Business Units => more focus
Business Units dedicated to •
market segments
Strengthened BU mgmt in •
Aerospace and Seals
© SKF Group
Strategic repositioning
Automotive
1. Maintain leading position as expert & cost competitive supplier
2. Delivering increased value to customers with a focused leadership
3. Profitability improvement plans
• Innovation focus on new energy vehicles
(NEVs) for bearings and seals
• Launching additional product lines in the
aftermarket and broaden assortment
• Footprint optimization for supply base
• North America footprint for Seals
(USA to Mexico)
Aerospace
Strong growth in • 2018/2019
Focus on profitability improvement•
Implementation of Industry • 4.0
technology in factories
North American footprint optimization•
2018 and beyond
© SKF Group
Reduced emissions & CO2 targets for ICE powertrain
Innovation drivers
• Light weighting new designs & materials
• Mechanical system efficiency further friction reduction
New Energy Vehicles (NEV)
Electrification • application specific products & solutions
Hybrid bearing development •
Acquisition of ceramic powder manufacturing VESTA-
More investment in ceramic ball and roller production-
High speed, low noise bearings & seals•
Bearing sensor technology for autonomous driving•
New products for electric driven accessories•
Energy efficient aero engines. Weight reduction in Airframe
New bearing technology •
New World class Manufacturing (I • 4.0)
Light weight materials for Airframe products•
© SKF Group
New worldwide CO2 test cycle
Effective September • 01, 2018
Based on real• -driving data of 12 countries
in 3 continents (Asia, EU, USA) matching
better on-road performance
Effect on vehicle sales 2018 Q3
For new vehicles, all engine / transmission / chassis / tire •
combinations need to be tested and certified
OEMs started certification process too late•
Significant drop in EU vehicle sales for Volkswagen Group in •
Sep 2018 (-41%)* /Oct (-19%) due to lack of certified WLTP
vehicles, other OEMs less affected
Worldwide harmonized Light vehicle Test Procedure (WLTP)
* https://www.volkswagenag.com/en/media/volkswagen-group-media-services/2018/10/volkswagen-group-deliveries-in-september-affected-by-wltp-change.html
NEDC vs WLTP
Designed in the • 1980‘s
Based on theoretical driving•
Has become outdated•
Effective Sep • 2018
Based on real driving data•
Better matches onroad •
performance
© SKF Group
Key focus areas
Cost Pricing Innovation
Automotive OEM ̶ Product focus on bearings, seals and modules.
NEV. Not a systems supplier & not competing with our OEM & Tier 1 customers
Automotive Aftermarket ̶ New product lines & broader assortment
Global Business Unit. Right product portfolio. More chassis than engine. B2C implemented.
Aerospace ̶ Extremely high sales volume growth.
Footprint optimisation. Ramp up of new I4.0 production channels.
© SKF Group
SKF Automotive (OE bearings and seals)
Dramatic changes in automotive propulsion system for cars, •
trucks and buses in next 10 years.
Business opportunities for SKF Automotive to gain rolling bearing •
and seals business by offering right product technology.
Strategic direction to remain in the component and module •
business avoiding competition with our customers.
MSBU HBU PWT Total
SKF Automotive Bearing NEV content
2018 2021
Chassis Wheel Powertrain Total
© SKF Group
SKF Aftermarket
Amazon,
KFZ-
Teile24,
…
Steering &
suspension,
driveshaft..
Cost
Initiative
Purchasing
Outpace market
growth
Improve
profitability
Be ready
for disruption
Re-establishment of global business unit
Tailor and offer the best
assortment
Increased focus on
efficiency and costs
Digitalise distribution and
sales channels
Keeping you
mobile!
© SKF Group
• Focus on airframe, MRO, helicopter
• Profitability management
• New market offer
o Airframe & composite material
o Wing of the future
o MRO repair market
• World Class Manufacturing
o Four new I4.0 channels in 2018 /19
o Cost reduction on OEM business
o Foot print optimization
• Cash Flow management
o Inventory management
o Supply chain
o Material flow simplification
SKF Aerospace
SKF Automotive & Aerospace is delivering high performance and high quality products and solutions that help customersgear up for the future.
Conclusion
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