thyssenkrupp business area components technology · 2019-03-08 · business area components...
TRANSCRIPT
Developing the future.
Business Area Components Technology March 2014
Developing the future.
Business Area Components Technology March 2014
1
Overview Business Area Components Technology Eight Business Units in Three Clusters
Note: Sales split as of FY 2012/13
BEARINGS
UNDERCARRIAGES
INDUSTRY (~20% of sales)
Excavator
DAMPERS
SPRINGS & STABILIZERS
STEERING
SYSTEMS
CHASSIS (~60% of sales)
CAMSHAFTS
FORGED & MACHINED
COMPONENTS
POWERTRAIN (~20% of sales)
Motor
Developing the future.
Business Area Components Technology March 2014
2
Leading Positions with Mission Critical Components
1 out of 5 produced crawler
machines is equipped with our products
9 out of the Top 10 wind turbine
manufacturers rely on Components Technology
9 out of 10 premium light vehicles
are driven by our components
1 out of 3 heavy vehicle engines
are powered by our crankshafts
Light Vehicles Trucks Construction Equipment
Wind Power
Powertrain
Chassis Industry
Developing the future.
Business Area Components Technology March 2014
3
Components Technology with Global Production Footprint
Chassis Powertrain Industry
USA
Mexico
Brazil
Europe
Americas
Germany
Spain
Hungary
UK
Liechtenstein
Italy
Bulgaria
France
Romania
China
India
Japan
Bigger Asia
Developing the future.
Business Area Components Technology March 2014
4
Leading Engineering Competence for “Better” Solutions Selected Highlights
Seamless Rolled Rings Up to 8,000 mm in
Diameter and 30,000 kg of Weight for Newest Turbine Generations
Bearing Technology Increased Durability and
Reduced Maintenance by Plastic-Coated Cage
Variability in the Cylinder Head CO2-reduction by
Integrated Solutions
Lightweight Con Rods Weight Reduction
between 5 to 10% Possible
Crankshaft Competence
Excellent Know-how in Rough Forged and Machined
Parts
Shock Absorbers Infinite Adjustment
Possibilities for a better Driving Experience
Steering Systems Integration of Active
Steering Functions
Track Systems Hardening Competencies with Increased Durability
(+30 to 50% lifetime)
Engineering expertise for continuous improvement for our customers worldwide
Chassis Powertrain Industry
ThermoTecSpring®
Coil Spring with Weight Reduction
between 15 to 20%
Developing the future.
Business Area Components Technology March 2014
5
Turning Fundamental Trends into Business Opportunities Technology Innovation and Business Excellence are a Must for Components Technology
Sustainability
o CO2-emission: Europe -95g/km until 2020 (-40% vs. today)
o World: >60% EV or Hybrid cars on roads in 2030
Functionality
o R&D responsibility shift to suppliers
o Increasing requirements
o Autonomous driving
Glocalization
o Global and simultaneous launch of new models
o Award of high volume platforms
o Local footprints
o Product life time decrease
o Light weight approach & new (material-mix) products
o Technology transfer to lower price segments
Product/ Technology
o 1.5 bn cars on the road in 2030 (today: ~1.0 bn)
o Growth driven by emerging markets
Demand
o Automotive: Requested yearly savings
o Wind Power: Chinese OEMs and suppliers with excess capacity drive price pressure
o Constant cost measures
Competition
Developing the future.
Business Area Components Technology March 2014
6
Light Vehicles Trucks Construction Equipment* Wind Power
Units produced [mn]
Units sold [‘000]
Connected capacity [GW]
Units produced
[mn]
o Emission reductions
o Lightweight and urban mobility
o Connectivity & convenience
o Changing competitive situation in China
o Technology (Euro VI) and regional shift (e.g. Brazil) expected
o Mainly driven by Chinese demand of excavators
o Dependency on economic growth
o Trend to more powerful turbine-classes
o Strong growth in offshore segment
Example ‘Demand’: Steady Growth…
83 99
16 17 14
85
13 18
+4%
15
566
16 15
+5%
17 14
490
13
466
12
50 34
+4%
17 16 15 14 13 18
59 3.6 3.4
+5%
17 16 15 14 13
4.3
18
Actual Forecast * no update/Forecast to 2018 available Sources: IHS Global Insight (02/2014), Off-Highway Research (08/2013), MAKE Consulting (Q4/2013)
Developing the future.
Business Area Components Technology March 2014
7
Automotive Industry
Light Vehicles Trucks Construction Equipment* Wind Power
… Driven by Emerging Markets (Expectations 2014 vs. 2013)
w/o Germany
<-6.0% (very weak) <-1.5% (weak) >6.0% (very good) >1.5% (good) neutral Business trend for 2014 vs. 2013:
Production Units sold Connected capacity Production
* no update available Sources: IHS Global Insight (02/2014); Off-Highway Research (08/2013); MAKE Consulting (Q4/2013); graded by management estimation
Developing the future.
Business Area Components Technology March 2014
8
Example ‘Sustainability’: Suppliers Act as Solution Provider For OEMs
o Change in Cycle Testing Specifications from NEDC2 to WLPT in 2017
o Increased distance and higher speed
o Increased acceleration
95 g/km
68-78 g/km
117 g/km109 g/km
~170 g/km
105 g/km
today
2000 2005 2010 2015 2020 202540
80
120
160
200
240
Grams CO2 per Kilometer normalized to NEDC
Fleet Consumption Must be Reduced by Planned Legislation Changes New WLTP1 Cycle
Natural Gas Vehicles
o 25% CO2-reduction compared to gasoline engine
o CAGR 2000-2013: +24% (to 17.7 m CNG3 Vehicles world-wide)
Pressure on CO2-reduction fosters new technologies
1) World-Harmonized Light-Duty Vehicles Test Procedure | 2) New European Driving Cycle | 3) Compressed Natural Gas
Developing the future.
Business Area Components Technology March 2014
9
Example ‘Glocalization’: Global Auto Architecture Offers Growth Potential
Future prospects (2012 – 2020)
Average volume per platform
Number of platforms to produce 80% output
Modular/platform design
Source: IHS Global Insight
o Engine and vehicle design on modular or platform solution from nearly every OEM ongoing
o More choice to the customer, with less complexity for OEMs
o Introduction of global and flexible solutions
o Realizing economies of scale with high volume platforms
o Reduction of supplier base
MQB
CMF1 EMP2 NGA 0,0 0,4 0,8 1,2
Hyundai
VW
Ford
PSA
GM
BMW
Daimler
Units produced per platform [mn]
2020 2012
0 4 8 12
Number of platforms [#]
-45%
-35%
-40%
-25%
-55%
-45%
-25%
+65%
+70%
+100%
+60%
+90%
+160%
+160%
UKL MFA
Growth rate 2012-2020
Developing the future.
Business Area Components Technology March 2014
10
Future Customer Challenges Create Business Opportunities Leveraging Technology Base and Global Presence
Strategic Actions Components Technology Future Challenges
Explore market opportunities: Strong global presence, with ongoing actions to optimize footprint
Global footprint to ensure proximity to customers
Realign
Footprint
Focus on process efficiency, highest quality standards and customer service
Close cooperation leveraging entire group
BA- and group-wide programs accelerate learning curve in all BA CT business units
Cost efficiency and restructuring
Increase
Performance
Support environmental targets: Ongoing innovations for less weight and CO2-reduction (e.g. cylinder head module)
Strong R&D pipeline within our three business segments (e.g. InCarplus for automotive innovations)
Differentiate
Developing the future.
Business Area Components Technology March 2014
11
Components Technology Already with Global Presence Sales per Region and Customers FY 2012/13
incl. export
14%
8%
26%
1%
31%
21%
Sales per Region Sales per Customer
Others
Asia
Germany South Amercia
NAFTA
Rest of EU
BMW
VW
Others
Fiat
Cummins
Ford
Daimler
Realign
Footprint
Only automotive industry
Developing the future.
Business Area Components Technology March 2014
12
Ongoing Efforts to Optimize Global Footprint Glocalization together with our Customers
Europe
CHASSIS, China Cold forging, Steering, Damper SOP 2013/14
CHASSIS, Mexico Cold Forging SOP 2012
POWERTRAIN, China Crankshafts rough and machined SOP 2013
POWERTRAIN, China Cylinder Head Module SOP 2014
CHASSIS, China Coil Springs SOP 2013
POWERTRAIN, Germany Cylinder Head Module
SOP 2013/14
POWERTRAIN, Brazil Cylinder Head Module SOP 2015
CHASSIS, Hungary Axle Assembly Audi SOP 2013
Americas Asia
~25 Locations in Americas ~40 Locations in Europe ~20 Locations in Asia
Realign
Footprint
Developing the future.
Business Area Components Technology March 2014
13
2,300
FY 2014/15
700
FY 2013/14 FY 2012/13
Ramp-up Efficiency Gains 2015
Sustainable Efficiency Gains to Support EBIT Target FY 2013/14 and Mid-Term Upside for ThyssenKrupp Group
50% contribution to efficiency target from synergize+ especially by tapping unaddressed bundling potentials and pulling cross-functional levers
Efficiency Gains 2015 by Business Area
2015
~10%
Energy & Other
Personnel ~20%
Operations ~20%
~50%
Corporate
~6% Industrial Solutions
~15%
~14%
Steel Europe
Elevator Technology ~14%
Materials Services
~12%
~27%
million €
(Procurement)
700
500
100
~600
150
150
850
850
~13% Steel Americas
achieved Q1: ~200
Increase
Performance
Efficiency Gains 2015 by Categories
Components Technology
Developing the future.
Business Area Components Technology March 2014
14
2015 and BA Programs Set up to Boost Profitability S
up
po
rt
act
ivit
ies
Pri
mary
act
ivit
ies
Purchasing
Process Program
Inbound Logistics
Operations
Marketing and Sales
Outbound Logistics
Service
BA programs initiated to push internal performance and to fulfill ambitious impact 2015 plan
Organization
HR
Technology
2015
Realign
Footprint
Realign
Footprint
Increase
Performance
€350 m
Plant improvement process
ONE production system
Performance culture
Procurement
IT-infrastructure
Operational excellence
Developing the future.
Business Area Components Technology March 2014
15
Group-wide R&D Projects Deliver Solutions for Future Market Needs
R&D expenses TK Group E.g. InCar®plus Project
Start: Oct 2011 End: Sep 2014 Roadshow starting Oct. 2014
R&D and innovation characterized by ambition for
sustainable technological differentiation
244
331
47
647
269
644
57
343
221
44
286
551
R&D cost
Amortization of capitalized
development cost
Order related R&D cost
13/14E 11/12
Chassis DampTronic® X
10/11
Note: Group w/o Inoxum increased R&D expenses by €20 m or 3.2%
Body LITECOR®
EFFICIENCY
LIGHTWEIGHT
COST-COMPETITIVE
GREEN
HIGH-PERFORMING
30 projects with more than 40 individual solutions for Body, Powertrain, Chassis
Differentiate
12/13
Powertrain POSS
Developing the future.
Business Area Components Technology March 2014
16
Distinguished Products Setting Benchmarks in 2013
DampTronic® sky + EPAS
High-end adjustable damping system and electromechanical steering system leading to benchmark in comfort
Presta²
Serving high-volume engine platforms with cylinder head modules
Outstanding reputation for performance
HD Crankshafts
Cost Emissions Weight
Chassis Camshafts Crankshafts
Differentiate
Developing the future.
Business Area Components Technology March 2014
17
Approaching Emerging Markets with Latest Technology
C-EPS
Launch of Presta2 (cylinder head module)
Presta2
Launch of C-EPS
Differentiate
Developing the future.
Business Area Components Technology March 2014
18
Good Start into Fiscal Year 2013/14
3.1
4.6
5.3
EBIT adjusted, EBIT adjusted margin (million €, %) Sales (million €)
Q1
1,345 1,360
1,517 1,490
3.9
Current trading conditions:
• Qoq seasonally weaker order intake and sales:
• Light vehicles: continuing high demand from the US and China; first signs of recovery in European markets
• Trucks: heavy truck market still at low level
• Industrial components: improving business activity for wind turbines especially in China; construction equipment market still challenging
• Adjusted EBIT margin increased to 4.5% supported by benefits from restructuring and efficiency measures
Q4 Q1
2012/13 2013/14
1,428
Q1 Q4 Q1
2012/13 2013/14
42
63
81
58 64
4.5
Developing the future.
Business Area Components Technology March 2014
19
Measures Are Strongest Performance Lever
301
503 5.3
7.3
453
6.5
2009/10 2012/13
EBIT adjusted, EBIT adjusted margin (million €, %) Sales (million €)
2009/10 2012/13
5,724
6,908 7,011
Mid-term target
5,715
Mid-term target
244
4.3
7-8
Market upside
measures
Key perspectives FY 2013/14 vs. FY 2012/13
• Light vehicles: USA and China with continuing strong demand; Western European markets stabilizing on a low level with slight upside potential
• Heavy trucks: stabilizing markets with slightly improving demand in Europe
• Industrial components: ongoing weak demand in construction equipment market; improved market conditions in the wind energy sector
• EBIT continues to include ramp-up related costs for new plants and products
Developing the future.
Business Area Components Technology March 2014
20
Passion Powers Precision and Performance
Nm