BULTEN CAPITAL MARKETS DAY 21 SEPTEMBER 2017

Size: px
Start display at page:

Download "BULTEN CAPITAL MARKETS DAY 21 SEPTEMBER 2017"

Transcription

1 BULTEN CAPITAL MARKETS DAY 21 SEPTEMBER 2017

2 AGENDA 13:00 14:30 Introduction Corporate Presentation Strong financial platform Full Service Provider to the international automotive industry & Highlights region West Technology leader meeting future demands & Highlights region East Becoming the industry s most cost effective producer of fasteners Hallstahammar operation Kamilla Oresvärd Senior Vice President Corporate Communications Tommy Andersson President and CEO Helena Wennerström Executive Vice President and CFO Neal Thomas Senior Vice President Marketing and Sales region West Magnus Carlunger Senior Vice President Marketing and Sales region East Jörg Neveling Senior Vice President Production Juha Kauppinen Managing Director, Bulten Hallstahammar 14:30 16:30 Factory tour including coffee 2

3 CORPORATE PRESENTATION Tommy Andersson President and CEO

4 BULTEN DEVELOPMENT DIVESTMENT OF FINNVEDEN METAL STRUCTURES FinnvedenBulten listed at Nasdaq Stockholm Established in Russia, JV with GAZ Focus on fasteners for the automotive industry Divestment of Finnveden Metal Structures New Management Name change to Bulten Bulten AB (publ) moved up to Nasdaq Stockholm s Mid Cap segment Established in the US, JV with Ramco 4

5 BULTEN DEVELOPMENT DIVESTMENT OF FINNVEDEN METAL STRUCTURES 2414 ALL FINANCIAL TARGETS REACHED CAPTURE FUTURE GROWTH Sales m rolling 5

6 SUSTAINABLE BUSINESS RAMP UP OF NEW CONTRACTS SEK 130 million/year Started late 2015 with slow ramp up, full pace in FSP SEK 17 million/year Started late 2016 SEK 60 million in total Contract period China NEW SIGNED CONTRACTS, NOT YET STARTED EUR 20 million/year Starts late 2017, full pace in FSP EUR 700 thousand/year Starts 2017, full pace in Russia USD 5.5 million/year Starts 2018, full pace in 2019/2020. Bulten part USD 5.0 million/year EUR 30 million/year Starts 2018, full pace in FSP EUR 56.2 MILLION/YEAR OF LONG TERM SUSTAINABLE BUSINESS 6

7 FOUNDATION The strategy moving forward is based on continuing to strengthen our core values and success factors with a strong FSP offering. SUCCESS FACTORS Bulten has exceeded the growth of the automotive industry in Europe thanks to a strong business model based on our important success factors TECHNOLOGY LEADER GEOGRAPHIC PROXIMITY CORE VALUES Bulten s core values originate in the company s history and are the foundation of our corporate culture They define the way we work and behave and inspire and support us in our efforts to continue building a successful and sustainable business Important partners and suppliers share our core values FINANCIAL PLATFORM QUALITY LEADER PROFESSIONAL INNOVATIVE EXPERIENCED MANAGEMENT & EMPOWERED EMPLOYEES FULL SERVICE PROVIDER (FSP) DEDICATED EMPOWERED 7

8 TECHNOLOGY LEADER Looking into every possible way to reduce weight on cars and powertrain Technology Board established 8

9 GLOBALIZATION Bulten is the only automotive fastener company that can support with local content in Europe, Russia, Asia and NAFTA RUSSIA SWEDEN GREAT BRITAIN USA GERMANY POLAND CHINA HEAD OFFICE PRODUCTION SALES LOGISTICS PRE DEVELOPMENT PRODUCT DEVELOPMENT 9

10 STRONG FINANCIAL PLATFORM Helena Wennerström Executive Vice President and CFO

11 FINANCIAL PLATFORM We have a strong financial platform and a position to support further growth Strong organic growth LMC forecast a market growth of 2.1% for 2017 Increased capacity Strong financial position All financial targets reached Q Secured financing with good headroom Strong balance sheet with an equity ratio of 69.4% Flexible organisation with proven track record 11

12 ALL FINANCIAL TARGETS REACHED IN Q2, 2017 Growth Margin ROCE EPS Dividend Profitable organic growth more strongly than the industry average Operating margin of at least 7% At least 15% EPS development At least one third of net earnings after tax Q2 R12 3.0% 3.2% 7.9% 7.6% Na 15.0% 17.4% excl. goodwill 2.01 SEK 7.93 SEK 4.50 SEK ( SEK /share) 62% for

13 RISK FACTORS The aim of the risk management is to identify risk and prevent risk arising as well as limiting any damage that arises from risks. Risk can be categorized as business cycle and external risks operational risk financial risk sustainability risks 13

14 MARKET DEVELOPMENT LMC Automotive reports for automotive production in Europe, 2017: Production of LV in 2017 up by 1.8% compared to 2016 Production of HCV (>15 t) in 2017 up by 4.0% compared to 2016 For Bulten s mix, up 2.1% LV stands for ~87% of sales HCV stands ~13% of sales ACEA reports for LV sales in Europe for January August 2017, up 4.5% compared to 2016 Source: LMC Automotive Q2, ACEA eight months,

15 LMC AUTOMOTIVE REPORTS FOR AUTOMOTIVE PRODUCTION IN EUROPE PRODUCTION GROWTH RATE (YEAR ON YEAR) LIGHT VEHICLES EUROPE PRODUCTION GROWTH RATE (YEAR ON YEAR) HEAVY COMMERCIAL VEHICLES (>15t) EUROPE 5% 4% 4% 3% 3% 2% 2% 2,9% 4,1% 2,7% 1,8% 1,9% 2,0% 10% 5% 0% 5% 7,3% 5,1% 4,0% 4,3% 4,6% 1% 1% 0% 2014E 2015E 2016E 2017E 2018E 2019E 10% 15% -12,5% 2014E 2015E 2016E 2017E 2018E 2019E Q Q Q Q LMC Automotive (Q report) has not changed its forecast level on LV production 2017 compared to the Q report. LMCA forecast an increase of 1.8% compared to LMC Automotive (Q report) has increased its forecast of HCV production 2017 compared to the Q report with 1.1%, to an increase of 4.0% compared to Source: LMC Automotive Q

16 BULTEN MARKET SHARE DEVELOPMENT BULTEN MARKET SHARE DEVELOPMENT Management estimates*: Market share 17% of the European market of fasteners for the automotive industry 2016, flat versus Market share of FSP contracts for the same market to be 60% 2016, flat versus % 15% 10% 5% 0% 11% 14% 17% 17% Market share of total European fasteners % 60% 50% 40% 30% 20% 10% 0% 45% 56% 60% 60% Market share of European fastener FSP contracts * Based on data from EIFI (European Industrial Fasteners Institute) 16

17 FINANCIAL GUIDELINES THE GROUP 12 M ROLLING Q2 FULL YEAR 2016 GUIDELINES Average net working capital as % of sales CAPEX as % of sales Depreciation as % of sales Tax rate NWC lower than guidelines Capex in line with our guidelines investments in new plating lines in Germany and Poland in 2017 ( 8.8m) Investment in an additional production and logistic plant in Poland (SEK 177m) Tax rate in line with our guidelines 17

18 NO SEASONALITY IN BULTEN S UNDERLYING DEMAND QUARTERLY VOLUMES AND SIGNIFICANT RESULTS ARE AFFECTED BY THE NUMBER OF PRODUCTION DAYS AND BY MODEL SHIFTS QUARTERLY VOLUMES AVG. NUMBER OF PRODUCTION DAYS PER MONTH ,0% % 8,0% 7,0% 6,0% 5,0% ,0% 3,0% 2,0% 1,0% 10 0 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 0,0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Q1: 62 days Q2: 60 days Q3: 48 days Q4: 60 days EBIT EBIT margin 18

19 SHAREHOLDER INFORMATION Listed on Nasdaq Stockholm since 20 May 2011 On September 1, 2014 the company formally changed name from FinnvedenBulten AB to Bulten AB (new ticker BULTEN) Among the largest shareholders we have Volito and Öresund and they are also representative in the board Bulten is among the top ten owners TEN LARGEST SHAREHOLDERS, 31 AUGUST 2017 Total number of Shareholders Shareholder No. of shares Share of votes and capital (%) Volito AB Lannebo fonder Öresund Investment AB Spiltan Fonder AB ,6 JP Morgan BULTEN AB SKANDINAVISKA ENSKILDA BANKEN S.A Sjöbergstiftelsen CBNY DFA INT SML CAP V CLIENTS ACCOUNT DCS Source: Euroclear Sweden AB 19

20 BULTEN DEVELOPMENT % 50 SEK +34% growth 67 SEK 5.5% +12% growth 82 SEK 6.1% Flat dev. 7.5% 89 SEK +3% growth 120 SEK 7.6% m rolling CAPTURE FUTURE GROWTH Sales Share development Operating margin GROUP STRUCTURE GROWTH AND DIVESTMENT CONSOLIDATION CONSOLIDATION GROWTH Bulten part of FinnvedenBulten Group. Divestment of Finnveden Metal Structures. Several new FSP contracts. Executing new FSP contracts. Focus on operation/optimiz ation program Investments for the future and executing new contracts 20

21 FULL SERVICE PROVIDER TO THE INTERNATIONAL AUTOMOTIVE INDUSTRY & HIGHLIGHTS REGION WEST Neal Thomas Senior Vice President Marketing and Sales region West

22 WHAT IS FSP (FULL SERVICE PROVIDER)? TRADITIONAL SETUP BULTEN FSP SETUP Multiple suppliers feeding into the customer site, leading to complex and time consuming handling for the customer Multiple suppliers managed and supplying into Bulten, leading to only Bulten feeding into the customer s site 22

23 WHAT IS FSP (FULL SERVICE PROVIDER) TRADITIONAL LOGISTICS SOLUTION BULTEN S LOGISTICS SOLUTION FSP 23

24 FULL SERVICE PROVIDER PROVEN TRACK RECORD Autoliv 80 active articles 500 tons /year Ford Sigma Engine Bridgend (BBB) 80 active articles 1600 tons/year Ford B MAX Romania (BBB) 480 active articles 1,300 tons/year Land Rover AJ200 Engine 100 active articles 1700 tons/year Range Rover Evoque Halewood (D8 Platform) 400 active articles platform Annual Halewood 5,800 tons Jaguar E Pace, Jaguar I Pace Electric Magna Steyr Graz (Contract with JLR) 420 active articles 2,450 tons/year Nissan Sunderland Bulten runs limited FSP to market place EuCD Ford Mondeo / Galaxy / S MAX in Genk and worldwide 630 active articles 6000 tons /year EuCD Volvo 430 active articles 8,500 tons /year Ford Fiesta Cologne and worldwide 400 active articles 10,000 tons/year Land Rover Discovery Sport Halewood (D8 Platform) 400 active articles platform Annual Halewood 5,800 tons Land Rover Discovery, Land Rover Defender 525 active articles 4,560 tons/year 24

25 HIGHLIGHTS REGION WEST Business opportunities Establishment in USA

26 SALES REGION WEST Sales Units: RUSSIA USA SWEDEN GREAT BRITAIN GERMANY POLAND CHINA Sales units: Bulten Ltd. Bulten GmbH Bulten North America Inc. and Ram Bul LLC 26

27 FUTURE AND POTENTIAL FOR FSP BUSINESS As a leading FSP to the automotive market, the focus is to promote the knowledge, competence and experience Bulten possesses to global automotive OEMs Whilst it is often a long term project to develop a full FSP project, Bulten has initiated discussions and continues to look to develop not only FSP but also further traditional business with major OEMs 27

28 BULTEN IS ONE OF FEW THAT CAN OFFER LOCAL CONTENT AS WELL AS FSP SOLUTIONS IN NORTH AMERICA USA automotive sales market is the second largest in the world Bulten has major opportunity to develop the FSP concept in USA Local production and support are seen as key to supporting globalization of the key OEMs COUNTRY NEW CAR SALES 2016 CHINA 23,693,000 USA 17,465,000 EU 14,641,000 Globalization is pushed by the customers as the requirement for all major suppliers Bulten already supply parts through FSP to Volvo Powertrain in USA Ford is US based Volvo Car is building a plant in the USA and JLR is planning to do the same Renault/Nissan has a global strategy for its preferred suppliers including USA Further opportunities at other OEMs 28

29 JV WITH RAMCO IS THE MOST COST EFFECTIVE AND FASTEST WAY FOR BULTEN TO ENTER INTO THE US MARKET Michigan and Ohio area is an automotive based economy close to customers and with a readily available supply base Ram Bul JV 50/50 between Ramco and Bulten is the optimum solution on the basis that: The two companies complement each other and share the same core values Many years of partnership prior to the JV Strengthens both Bulten and Ramco This JV will create a base for production as well as logistics with possibilities for future expansion 29

30 PRESENTATION TITLE APRIL 14, 2017 JEFF MELICK 30

31 BULTEN NA, THE PRODUCTION COMPANY IN USA Wholly owned Bulten production company in USA Production for the USA market only Start of production Q Production based on Bulten Production System (BPS) as used in all the other plants globally 31

32 MARKET HIGHLIGHTS USA Establishing in North America has broadened Bulten s market and have created further opportunities for growth among both new and existing companies Ram Bul signed a contract in July with a major vehicle manufacturer The annual order value is of approximately USD 5.5 million a delivery value of USD 5 million to Bulten and USD 0.5 million to Ramco Deliveries will continue over a number of years, with start and ramp up during Full volumes are expected to be reached in 2019/2020 Prospects for continuing winning new contracts are good RFQs from electrical vehicle manufacturer Vendor code ready from major car manufacturer and waiting for a several more Several technical presentations conducted 32

33 TECHNOLOGY LEADER MEETING FUTURE DEMANDS & HIGHLIGHTS REGION EAST Magnus Carlunger Senior Vice President Marketing and Sales region East

34 CONTENT Technology leader Trends and driving forces for electrification Highlights region East

35 THE LINE GIVEN BY NATURE 35

36 A TECHNOLOGY IN CONTINUOUS EVOLUTION The thread form traced back to year 400 B.C still in the 21st century developed to optimize the utilization of the fastener Today the thread form and purpose of the product usage is clearly defined However the knowledge how to optimize the utilization and assembly is pushed forward. The Mission Keep assembled parts from separating Keep assembled parts from sliding 36

37 UTILIZE THE ULTIMATE STRENGTH To be considered: Purpose of application Material in components to be assembled Surrounding environment Vibrations Assembly method (manual / automatic) Design requirements Fastener design Head shape requirements Maximum length Maximum diameter Thread type Thread length Friction Corrosion Surface treatment Locking feature Etc. 37

38 MULTIPLE FACTORS CAUSES COMPLEXITY High complexity increases the number of used fasteners in an application As a technology leader we are able to control the complexity 14 Need numbers of screws

39 TECHNOLOGY LEADER The position as Technology Leader is important in automotive where trends are heading towards: Faster development cycles Fewer fastener experts at our customers Advanced tightening strategies Automation Digitalization Communalization Reduction of part number variety More of the same = Win Win Simplified Assembly Weight reduction Reduction of assembly cost IPC = Smarter fastener solutions Reduce emission High tech fastener for the future 39

40 TECHNOLOGY LEADER COMPETENCE HUB 40

41 TRENDS AND DRIVING FORCES FOR ELECTRIFICATION

42 ELECTRIC POWERTRAIN IN AUTOMOTIVE Electric cars are no new invention, already 1898 Porsche produced their first electric car Electric cars were dominating the US market until the early 20th century when outcompeted by the combustion engine and petrol Global warming and the focus in energy efficiency has lead to a revival of the electrification in automotive Toyota with its model Prius was the first model on the market which gave the hybrid technology a breakthrough 42

43 FORCES FOR A GROWING ELECTRIFIED AUTOMOTIVE INDUSTRY Climate change, global warming and increasing emissions of greenhouse gases are the targeted factors that forces the development of electrification The overall largest contributing cause of CO 2 emissions worldwide is combustion of fossil fuels coal, oil and gas MAJOR GREENHOUSE GASES FROM PEOPLE S ACTIVITIES Carbon dioxide; 64,30% Methane; 17% Other gases; 11,90% Nitrous oxide; 6,00% Fluorinated gases; 0,80% 43

44 FORCES FOR A GROWING ELECTRIFIED AUTOMOTIVE INDUSTRY Underlying forces that are expected to drive increased EV adoption: Regulatory support in key markets; USA, Europe and China Falling lithium ion battery prices and production methods Clean production of electricity Increased EV commitments from automakers Growing consumer acceptance, driven by competitive priced EV s across all vehicle classes The growing role of car sharing, ride hailing and autonomous driving Intelligent Mobility 44

45 IMPORTANT FACTOR FOR EV BREAKTHROUGH TOTAL COST OF OWNERSHIP / 100 KM (EUR) Petrol 20,00 EV Year ,00 10,00 Diesel 5,00 EV Year ,00 Petrol + hybrid EV Year 2017 Diesel + hybrid Source: IHS 45

46 STUDY ELECTRIFICATION EFFECT PIECES Combustion vs Electrified Exterior Trim Body Construction Interior Trim Safety Components & Seats Chassis Electrical Engine SVO Usage area Combustion Electric Difference Reason Exterior Trim Body Construction Aluminimum body Interior Trim Electrification Safety Components & Seats Chassis Delivery value per car approx. 40% higher! Electrical Electrification Engine Engine removal SVO Total fasteners Source Bulten 46

47 A PARADIGM OR A TREND FORECAST EV VOLUMES Europé conservative Europé aggressive China conservative China aggresive Korea conservative Korea aggressive NAFTA conservative NAFTA aggressive BEV conser. BEV aggr. PHEV conserv. PHEV aggr. Total volume conservative forecast: 6.4 MPcs 5.6% of global volume Total volume aggressive forecast: 17.8 MPcs 15.6% Source: IHS 47

48 HIGHLIGHTS REGION EAST Russia China

49 SALES REGION EAST Sales Units: RUSSIA USA SWEDEN GREAT BRITAIN GERMANY POLAND CHINA Sales units: Bulten Sweden AB Bulten Polska S.A Bulten Rus LLC Bulten Fasteners (China) Co Ltd 49

50 CHALLENGING MARKETS RUSSIA AND CHINA Automotive business is a challenge, and the markets in China and Russia are no exceptions Market entry in two challenging markets driven by: Globalization in the automotive industry with local supply demands Markets where qualified suppliers are few Markets with growth potential Markets where understanding in cultural differences and behavior is important. Similarities and differences in both cultures compared to Swedes DIMENSION ANALYSIS Russia China Sweden Source: Hofstede 50

51 BULTEN HAS A STRONG POSITION IN RUSSIA WITH OPPORTUNITIES IN A GROWING MARKET Bulten started a JV with GAZ Group in 2014 for production, sales and logistics Well positioned at the major Russian car makers Wide customer base and growing stronger as the only renowned player in the country with poor competition from domestic players and no new market entrants 51

52 DEVELOPMENT IN RUSSIA In 2016 and 2017 important customer contracts was signed with major Russian OEMs and Tiers, e.g. Autovaz, GAZ Group and Autoliv and many other discussions ongoing with several vehicle manufacturers Creating the only quality fastener manufacturer in Russia with a market of more than 1 million cars and fast growing 2017 looks promising for the Russian Automotive industry with doubledigit growth for the third month in a row CAR SALES FORECAST Positive Normal Negative From the top year 2013 with 3.1 million cars sold the market ended at the bottom rate in 2016 with 1.4 million cars sold. In 2017 a market recovery is noted with a growing forecast. 52

53 BULTEN HAS A WIDE CUSTOMER BASE IN CHINA AND IS GROWING STRONGER Bulten in China is a wholly owned subsidiary acquired already in 1996 handling production, sales and logistics In the beginning it was focused on the electronic industry but was converted to automotive industry late 00 s Bulten is well positioned in China supporting major European OEMs as well as local brands Bulten s market position today has a wide customer base and is growing stronger 53

54 DEVELOPMENT IN CHINA Important customer contracts signed with major OEMs and Tiers e.g. Volvo Cars, Geely, CEVT and BAIC many other discussions ongoing with several vehicle manufacturers China is now the world s largest market in number of cars of approximately 24 million cars 2017 looks promising for the Chinese Automotive industry CAR SALES FORECAST Positive Normal Negative 54

55 BECOMING THE INDUSTRY S MOST COST EFFECTIVE PRODUCER OF FASTENERS Jörg Neveling Senior Vice President Production

56 LEAN AND WELL POSITIONED LOGISTICS AND MANUFACTURING FOOTPRINT

57 BULTEN HAS A LEAN AND WELL POSITIONED LOGISTICS AND MANUFACTURING FOOTPRINT AND FLEXIBLE SUPPLY CHAIN LEAN AND WELL POSITIONED LOGISTICS AND MANUFACTURING FACILITIES RUSSIA IN HOUSE VS. TRADING (SALES VALUE) LOGISTICS 2% SWEDEN USA GREAT BRITAIN GERMANY CHINA HEAD OFFICE PRODUCTION SALES LOGISTICS PRE DEVELOPMENT PRODUCT DEVELOPMENT POLAND TRADING 38% IN HOUSE 60% Global footprint Production, strong focus in Europe Russia and Asia well established North America production to start in 2018 Bulten produces most products in house and has a significant trading operation to optimize efficiency Trading > flexibility 57

58 MANUFACTURING FOOTPRINT BERGKAMEN, GERMANY Capacity: 13.5 k tons Dimension range: M10 M16 HALLSTAHAMMAR, SWEDEN Capacity: 14 k tons Dimension range: M10 M30 NIZHNY NOVGOROD, RUSSIA Capacity: 6k tons Dimension range: M6 M24 HUDSON/OHIO, AMERICA Capacity > 500 tons Dimension range: M5 M12 BIELSKO BIALA, POLAND Capacity: 24 k tons Dimension range: M6 M22 BEIJING, CHINA Capacity: > 2.5 k tons Dimension range: M3 M16 58

59 BULTEN CONTINUES TO GROW AND INVESTS IN A FURTHER PLANT IN POLAND Bulten is taking another step towards becoming the industry's most costeffective fastener manufacturer and continues to strengthen Bulten s market position Bulten has decided to invest around PLN 80.5 million (about SEK 177 million) in a new production plant in Poland to meet future volumes approximately PLN 9.5 million is for around 78,000 m2 of land and PLN 71 million for the building Set up will start in 2017 and production is expected to start in the first half of 2019 Set up is conditional upon obtaining the required permits Built in Radziechowy Wieprz, about 30 km from the existing production plant in Bielsko Biala In the Katowice Special Economic Zone Move from the current Wilkowice logistics centre to the new building 59

60 FLEXIBLE PRODUCTION BY STANDARDIZATION AND KNOWLEDGE EXCHANGE

61 FLEXIBLE PRODUCTION BY KNOWLEDGE EXCHANGE 5S SORT, SET IN ORDER, SHINE, STANDARDIZE, SUSTAIN 5 steps to maintain a visual workplace (visual controls and information systems. STANDARDS TS16949, ISO 14001, ISO 18001, ISO the best, easiest and safest way currently known to achieve a task. PROBLEM SOLVING STANDARDS i.e. PDCA, Ishikawa, 5Why using generally known methods, in an orderly manner, for finding solutions to the well defined problems. LPA (Layered Process Audit) standardized audit performed on a regular, frequent basis by all layers of the organization, in order to verify the compliance of operational standards. 61

62 FLEXIBLE PRODUCTION BY KNOWLEDGE EXCHANGE WASTE ELIMINATION Maximize value added work. To do this we must identify and eliminate all non value added work. VISUAL MANAGEMENT Communicating information via using visuals to increase clarity and efficiency. TEAMWORK The most effective way of solving problems and achieving defined results. SMED (Single Minute Exchange of Dies) Reduce setup and adjustment times by a systematic analysis of what is actually done and how much time it consumes. 62

63 FLEXIBLE PRODUCTION BY KNOWLEDGE EXCHANGE TPM (Total Productive Maintenance) A systematic way of working on process and equipment with less waste. All employees taking responsibility for the machines in their area and performing basic maintenance work. FMEA (Failure Mode Effect Analyse) A systematic, proactive method for evaluating a process in order to prevent, eliminate or reduce failures. STANDARDIZED WORK A method of achieving lean gains, by which the best current practices are documented in order to form the baseline for continuous improvement. SIX SIGMA Improving the quality of process outputs by identifying and removing the causes of defects (errors) and minimizing variability in manufacturing and business processes. BUSINESS PROCESS MANAGEMENT Aligning processes with business goals, improving processes and establishing measurements to track and monitor performance for continuous improvement and optimization. 63

64 FLEXIBLE PRODUCTION BY STANDARDIZATION 64

65 FLEXIBLE PRODUCTION BY STANDARDIZATION GERMANY POLAND RUSSIA SWEDEN Sweden 65

66 ONE SPECIFIC ITEM FROM ORDER TO DELIVERIES Coldforging Surface treatment Packing Heat treatment Patching Sorting Deliveries + Cologne / Car model + Cologne / Engine Plant + Export + + Export / Far East + + Export / Craiova 66

67 VALUE ADDED INVESTMENTS/PROJECTS 6

68 VALUE ADDED INVESTMENTS / PROJECTS Surface treatment Galvanic surface treatment in Poland Zinc Flake surface treatment in Sweden, Germany and China Heat treatment of high temperature parts in Sweden Patching line for polyamide coating in Poland Production cell for plug production in Poland Injection molding for specific fastener / polyamide application 68

69 SUMMARY

70 SUMMARY AND GOING FORWARD Bulten will continue to grow with sustainable contracts Bulten is positioned to support future technology in the automotive industry EV, hybrids, autonomous cars Opportunities to grow in emerging markets Added value Strong financial platform to support further growth 70

71 HALLSTAHAMMAR OPERATION Juha Kauppinen Managing Director, Bulten Hallstahammar

72 THE BEGINNING, BULTEN ESTABLISHED 1873 IN HALLSTAHAMMAR The business idea was production of high quality nails, nuts and bolts Started with hot forging machines bought in England Driven by water power from the river beside the factory Standardisation and high quality already from the beginning 72

73 VOLUME AND NUMBER OF EMPLOYEES OVER 140 YEARS IN HALLSTAHAMMAR The old Bulten Ton 0,5 Emp Ton Emp ton/emp x 3 Bulten today Ton Emp ton/emp HHR Ton Emp 200 Ton Emp ton/emp 50 ton/emp x 2 73

74 FACTS BULTEN HALLSTAHAMMAR, SWEDEN Located: Products: production, warehouse, engineering Fasteners with high demands, stainless, Taptites and special fasteners Facility: Capacity: Loading: m tonnes tonnes Employees: 265 Dimensions: Length up to: Stainless: M10 to M mm M6 to M12 Certificates / awards Quality ISO/TS Environment ISO VQE. Volvo Car Q1. Ford 74

75 BULTEN HAS BEEN AWARDED VOLVO CARS QUALITY EXCELLENCE AWARD Bulten s unit in Hallstahammar has been awarded Volvo Cars Quality Excellence (VQE) Award Classified in accordance with the eleven VQE elements including product quality, delivery performance, logistics, LEAN and improvement work 75

76 HALLSTAHAMMAR PRODUCTION Yearly Ton Pace 2017 Q High Value mix Low value mix

77 STAINLESS DEVELOPMENT HEAT RESISTANCE 700 Tonnes % Pace 2017 Q2 Approx. 20 % yearly growth. Major investments has ben done towards stainless the past years and continue coming year 77

78 WHAT IS DRIVING THE STAINLESS DEVELOPMENT As illustrated from the chart below. New and modern Petrol Engines run at high temperatures (blue). Downsizing in combination with more power gives high temperature. Hence to secure the hot joints, a heat resistant fastener are often needed. Se photo to the right. Bulten has been already awarded a number of FSP Engine programs, Petrol & Diesel. Many still in the ramp up, especially for Petrol & Petrol Hybrid variants. Typical glow in engine testing. BULTEN CAPITAL MARKETS DAY 21 SEPTEMBER

79 OUR MOST REQUESTED PRODUCT 79

80 INTRODUCTION Manufacturing steps and factory tour

81 BULTEN HALLSTAHAMMAR BASIC MANUFACTURING STEPS WITH HIGH EFFICIENCY Wire Washerassembly Induction Threading Assembly Coldforgin Threading Heat treatment Surface treatment Inspection Packing Stocking Tooling Turning Drilling Straight. Patch Wax Extend operations = higher complexity = creates value Alloyed materials = Special Properties = creates value 81

THREE MONTHS REPORT, JAN MARCH 2016

THREE MONTHS REPORT, JAN MARCH 2016 THREE MONTHS REPORT, JAN MARCH 2016 TELEPHONE CONFERENCE 26 APRIL, 2016, AT 14:30 CET TOMMY ANDERSSON, PRESIDENT AND CEO HELENA WENNERSTRÖM, EVP AND CFO TO PARTICIPATE, PLEASE CALL 5 MINUTES BEFORE THE

More information

First in Mind First in Choice. Capital Markets Day 2006 Gunnar Brock, President and CEO

First in Mind First in Choice. Capital Markets Day 2006 Gunnar Brock, President and CEO First in Mind First in Choice Capital Markets Day 26 Gunnar Brock, President and CEO 1 December 4, 26 www.atlascopco.com Atlas Copco in a Snapshot Continuing operations A world leading provider of industrial

More information

INVESTING IN GLOBAL GROWTH OPPORTUNITIES AND CHALLENGES FOR UK SUPPLY BASE.

INVESTING IN GLOBAL GROWTH OPPORTUNITIES AND CHALLENGES FOR UK SUPPLY BASE. INVESTING IN GLOBAL GROWTH OPPORTUNITIES AND CHALLENGES FOR UK SUPPLY BASE. Rob Johnson Purchasing Director Jaguar Land Rover June 2013 Topics. Update and overview on Jaguar Land Rover New JLR UK Engine

More information

Earnings conference call

Earnings conference call Earnings conference call Full year 2017 Åke Bengtsson, President & CEO Andreas Ekberg, Acting CFO February 14, 2018 1 Agenda Business Summary Market Update Sales Financials Way forward 2 Business Summary

More information

Automotive Division. Tryggve Sthen President, Automotive Division

Automotive Division. Tryggve Sthen President, Automotive Division Automotive Division Tryggve Sthen President, Automotive Division Presentation outline The Automotive Division 2006 key achievements Industry outlook & trends Continuous cost reduction Automotive Division

More information

Capital Markets Day Vienna November 26, 2015 Horst Binnig, CEO Automotive

Capital Markets Day Vienna November 26, 2015 Horst Binnig, CEO Automotive RHEINMETALL AG THE TECHNOLOGY GROUP FOR SECURITY AND MOBILITY Capital Markets Day Vienna November 26, 2015 Horst Binnig, CEO Automotive RHEINMETALL AG 2015 What we achieved since the CMD 2014 2016-2020,

More information

Agenda. Review. Strategy. Outlook

Agenda. Review. Strategy. Outlook 1 Agenda Review 2006 Strategy Outlook 2007 2 Highlights 2006 Focus on Transport-Related Engineering Strong operational performance in all business areas Strong market environment Initiative taken for truck

More information

Interim Review Q1 2007

Interim Review Q1 2007 Interim Review Q1 2007 25 April 2007 25 April 2007 www.ruukki.com Ruukki today Net sales in 2006: 3.7 billion 13,000 employees in 23 countries Supplies metal-based components, systems and integrated systems

More information

M.M. Warburg Fieldtrip. September 14th, Anton Poll. Head of Financial Communication/ Analysis, AUDI AG

M.M. Warburg Fieldtrip. September 14th, Anton Poll. Head of Financial Communication/ Analysis, AUDI AG M.M. Warburg Fieldtrip September 14th, 2017 Anton Poll Head of Financial Communication/ Analysis, AUDI AG Markets Financials Outlook The Audi brand comes from a unique growth story in units during the

More information

SKF Capital Markets Day Automotive Market

SKF Capital Markets Day Automotive Market SKF Capital Markets Day Automotive Market Agenda SKF Automotive Market Market and SKF reality Strategy Application driven innovation Core application/product Core capabilities Create and capture customer

More information

Automotive Aftermarket Giorgio Brusco

Automotive Aftermarket Giorgio Brusco Automotive Aftermarket Giorgio Brusco Vice President Automotive Aftermarket Europe Agenda The global business today Recent progress in automotive Future growth drivers Summary 2 Worldwide Automotive Aftermarket:

More information

CONFERENCE CALL RESULTS Q1 2017

CONFERENCE CALL RESULTS Q1 2017 CONFERENCE CALL RESULTS Q1 2017 May 5, 2017 Marc Bunz (CFO) Nicolas-Fabian Schweizer (CTO) AGENDA Market & Strategy Update Financials 2016 Financials Q1 2017 Outlook SCHWEIZER Share Schweizer Electronic

More information

SORL Auto Parts, Inc. (NASDAQ: SORL)

SORL Auto Parts, Inc. (NASDAQ: SORL) SORL Auto Parts, Inc. (NASDAQ: SORL) 2014 Investment Highlights A Leading Manufacturer of Auto Brake Systemin China and the World Growth Opportunities in China and Global Auto Market Strong Relationships

More information

About LMC Automotive. LMC Automotive the company. Global Car & Truck Forecast. Automotive Production Forecasts

About LMC Automotive. LMC Automotive the company. Global Car & Truck Forecast. Automotive Production Forecasts About LMC Automotive LMC Automotive the company LMC Automotive is a market leader in the provision of automotive intelligence and forecasts to an extensive client base of car and truck makers, component

More information

FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Half Results Fiscal Year March 2018 Full Year Forecast Progress of Key Initiatives/ Business

More information

Jointly towards a long term sustainable energy supply

Jointly towards a long term sustainable energy supply Jointly towards a long term sustainable energy supply Lars G. Josefsson, CEO Vattenfall, CEO Nuon 23 February 2009 Agenda Nuon & Vattenfall: a great partnership Rationale for Nuon Rationale for Vattenfall

More information

Automotive Market: Where Do We Go From Here?

Automotive Market: Where Do We Go From Here? Automotive Market: Where Do We Go From Here? June, 3 rd 211 Federal Reserve Bank of Chicago Eighteenth Annual Automotive Outlook Symposium Jeff Schuster Executive Director, Forecasting and Analysis jeff.schuster@jdpa.com

More information

CASTROL INDIA LIMITED. INVESTOR/ANALYST PRESENTATION 28 September 2018

CASTROL INDIA LIMITED. INVESTOR/ANALYST PRESENTATION 28 September 2018 CASTROL INDIA LIMITED INVESTOR/ANALYST PRESENTATION 28 September 2018 Castrol India: Delivering Innovative Solutions for a Country in Motion BP GROUP Countries of operation : 70 Number of employees : 74000

More information

BMW Group Investor Relations.

BMW Group Investor Relations. Capital Markets Day China 2010 Beijing September 16, 2010 - Please check against delivery - Statement by Dr. Friedrich Eichiner Member of the Board of Management of BMW AG, Finance Capital Markets Day

More information

Earnings conference call Q4 & FY 2016

Earnings conference call Q4 & FY 2016 Earnings conference call Q4 & FY 2016 Bo Annvik, CEO / Åke Bengtsson, CFO February 10, 2016 1 Agenda Business Highlights Market Update Sales Financials Way forward 2 Business Summary FY 2016 A year with

More information

Joint Press Release of BASF, Arsenal and Foosung. BASF acquires Novolyte Technologies. April 26, 2012

Joint Press Release of BASF, Arsenal and Foosung. BASF acquires Novolyte Technologies. April 26, 2012 Joint Press Release of BASF, Arsenal and Foosung April 26, 2012 BASF acquires Novolyte Technologies BASF becomes global supplier of Lithium Battery Electrolyte formulations Further step to becoming leading

More information

[Overview of the Consolidated Financial Results]

[Overview of the Consolidated Financial Results] [Overview of the Consolidated Financial Results] 1. Consolidated revenue totaled 2,625.0 billion yen, increased by 261.5 billion yen (+11.1%) from the previous year. 2. Consolidated operating profit totaled

More information

Interim Review Q1 2006

Interim Review Q1 2006 Interim Review Q1 2006 April 26, 2006 April 26, 2006 www.ruukki.com Strategy Moving Ahead Recent Structural Changes Business Environment Financials 1-3/2006 Near-term Outlook Summary 2 April 26, 2006 www.ruukki.com

More information

Establishment of Joint Venture with PSA for EV Traction Motor Business

Establishment of Joint Venture with PSA for EV Traction Motor Business NIDEC CORPORATION Establishment of Joint Venture with PSA for EV Traction Motor Business Nidec Corporation December 4 th, 2017 Note Regarding Forward-looking Statements These presentation materials and

More information

ZF posts record sales in 2017; announces increased research and development activities

ZF posts record sales in 2017; announces increased research and development activities Page 1/5, March 22, 2018 ZF posts record sales in 2017; announces increased research and development activities ZF chief executive officer announces further expansion of research and development activities

More information

third QUARTER 2012 October 26, 2012

third QUARTER 2012 October 26, 2012 third QUARTER 212 October 26, 212 Helena norrman Senior Vice President Communications third QUARTER 212 October 26, 212 This presentation contains forward-looking statements. Such statements are based

More information

Investor Presentation. March 2017

Investor Presentation. March 2017 Investor Presentation March 2017 Disclaimer During this presentation management may discuss certain forwardlooking statements concerning Nemak s future performance that should be considered as good faith

More information

February Annual Results February 13, 2008

February Annual Results February 13, 2008 February 2008 1 Annual Results February 13, 2008 AGENDA AGENDA 2007 Highlights 2007 Financial Results x Competitiveness Sales and products dynamic International 2008 Outlook February 2008 2 2007: performance

More information

2.1 Automotive OEM. Matthias Zink CEO Automotive OEM. September 20, 2018 Capital Markets Day 2018 Berlin

2.1 Automotive OEM. Matthias Zink CEO Automotive OEM. September 20, 2018 Capital Markets Day 2018 Berlin 2.1 Automotive OEM Matthias Zink CEO Automotive OEM Capital Markets Day 2018 Berlin Disclaimer This presentation contains forward-looking statements. The words "anticipate", "assume", "believe", "estimate",

More information

NAIAS Klaus Rosenfeld CEO Schaeffler AG January 15, 2018

NAIAS Klaus Rosenfeld CEO Schaeffler AG January 15, 2018 NAIAS 2018 Klaus Rosenfeld CEO Schaeffler AG January 15, 2018 Agenda 1 2 3 4 Overview Schaeffler Group Strategy "Mobility for tomorrow" Technology competence as a key growth driver Summary 2 1 Overview

More information

LINAMAR Success in a Rapidly Changing Automotive Industry

LINAMAR Success in a Rapidly Changing Automotive Industry LINAMAR Success in a Rapidly Changing Automotive Industry Linda Hasenfratz Chief Executive Officer January 2019 Linamar Diversified Global Manufacturing Diversified Manufactured Products that Power Vehicles,

More information

1 st Half Joakim Olsson CEO and President July 17, Innovative Vehicle Technology

1 st Half Joakim Olsson CEO and President July 17, Innovative Vehicle Technology 1 st Half 2009 Joakim Olsson CEO and President July 17, 2009 Innovative Vehicle Technology 2009-07-17 Summary 1st half 2009 Sales of SEK 2,971m (4,473) Adjusted for currency exchange rates, sales declined

More information

Automotive Division. Tryggve Sthen President, Automotive Division

Automotive Division. Tryggve Sthen President, Automotive Division Automotive Division Tryggve Sthen President, Automotive Division SKF Capital Markets Day 10 May 2011 Presentation outline Automotive Division update Division overview Key financials Business outlook The

More information

Presentation on the acquisition of Torqeedo GmbH: On our way to becoming market leader for innovative drive systems

Presentation on the acquisition of Torqeedo GmbH: On our way to becoming market leader for innovative drive systems Presentation on the acquisition of Torqeedo GmbH: On our way to becoming market leader for innovative drive systems 28 September 2017 Dr Frank Hiller, CEO Dr Margarete Haase, CFO Fast Forward looking Sustainable

More information

Q3 report Joakim Olsson CEO and President October 24, Innovative Vehicle Technology

Q3 report Joakim Olsson CEO and President October 24, Innovative Vehicle Technology Q3 report 2008 Joakim Olsson CEO and President October 24, 2008 Innovative Vehicle Technology 2008-10-24 Summary YTD 2008 Orders Received of 6 401 MSEK (6 077) Currency adjusted orders increased with 9

More information

Vendor Performance & Announcement April 2018

Vendor Performance & Announcement April 2018 Vendor Performance & Announcement April 2018 Mr. Sander Willems, Strategic Purchasing Mrs. Sandra Voordeckers, Supplier Quality Assurance Mr. Ted Witteveen, Supply Chain Management Performance Apr 2018

More information

Supply Chain Implications of Market Disruption and Emerging Technologies

Supply Chain Implications of Market Disruption and Emerging Technologies Supply Chain Implications of Market Disruption and Emerging Technologies Jeoff Burris Principal Advanced Purchasing Dynamics Experience: Purchasing, Supply Chain and Business Unit Leadership Ford, Metaldyne,

More information

Kongsberg Automotive ASA. Fourth quarter February 28, 2019

Kongsberg Automotive ASA. Fourth quarter February 28, 2019 Kongsberg Automotive ASA Fourth quarter - February 28, 2019 Highlights Q4 Sales Revenues grew by 21 (7.3%) YoY to 288 including negative FX effects of 1. We booked new business with 77 in expected annual

More information

Q SALES Strong outperformance in all regions. April 20, 2018

Q SALES Strong outperformance in all regions. April 20, 2018 Q1 2018 SALES Strong outperformance in all regions April 20, 2018 Q1 2018 Sales - Key Facts Impact from IFRS15 implementation In 2017, Faurecia had already partly anticipated IFRS15 through the presentation

More information

thyssenkrupp Equity Story Components Technology May 2018

thyssenkrupp Equity Story Components Technology May 2018 thyssenkrupp Equity Story Components Technology May 2018 thyssenkrupp a diversified industrial group Sales 41.4 bn 1 ; EBIT adj. 1.7 bn 1 Continuing operations Components Technology (CT) 7.6 bn 377 mn

More information

Q SALES Strong organic growth, confirmed momentum. October 12, 2017

Q SALES Strong organic growth, confirmed momentum. October 12, 2017 Q3 2017 SALES Strong organic growth, confirmed momentum October 12, 2017 Q3 2017 Sales Key facts Sales Since January 1, 2017, Faurecia reports on value-added sales, which are total sales less monolith

More information

Focus on value creation

Focus on value creation Focus on value creation Matti Lievonen President & CEO Capital Markets Day 2011 21 September 2011 Results and outlook EBITDA shows our ability to generate cash flow Comparable EBITDA has been over EUR

More information

Full-year Report 2009

Full-year Report 2009 Full-year Report 2009 Joakim Olsson CEO and President February 12, 2009 Innovative Vehicle Technology 2010-02-12 Summary 2009 Sales of SEK 5,622m (8,403) Adjusted for currency effects sales decreased by

More information

GLOBAL AUTOMOBILE BUMPY ROAD AHEAD

GLOBAL AUTOMOBILE BUMPY ROAD AHEAD GLOBAL AUTOMOBILE BUMPY ROAD AHEAD WEBINAR Allianz Research/ Maxime Lemerle Paris / September 2018, 25th Copyright Allianz EXECTIVE SUMMARY 01 THE AUTOMOTIVE MARKET IS SET TO GROW BY +3.0% IN 2018 COMPARED

More information

Nissan s emerging market strategy and Japan s monozukuri. December 1, Toshiyuki Shiga, COO Nissan Motor Co., Ltd.

Nissan s emerging market strategy and Japan s monozukuri. December 1, Toshiyuki Shiga, COO Nissan Motor Co., Ltd. Nissan s emerging market strategy and Japan s monozukuri December 1, 2011 Toshiyuki Shiga, COO Nissan Motor Co., Ltd. 1 POWER Brand & sales power 8 Global market share by FY16 (%) 8 Sustainable COP (%)

More information

Zurich, February 16, 2012, Ulrich Spiesshofer Discrete Automation and Motion Driving profitable growth. ABB Group February 16, 2012 Slide 1

Zurich, February 16, 2012, Ulrich Spiesshofer Discrete Automation and Motion Driving profitable growth. ABB Group February 16, 2012 Slide 1 Zurich, February 16, 2012, Ulrich Spiesshofer Discrete Automation and Motion Driving profitable growth February 16, 2012 Slide 1 2011 a year of profitable growth Highlights Discrete automation Build sizeable

More information

Q1 Report Joakim Olsson CEO and President April 23, Innovative Vehicle Technology

Q1 Report Joakim Olsson CEO and President April 23, Innovative Vehicle Technology Q1 Report 2010 Joakim Olsson CEO and President April 23, 2010 Innovative Vehicle Technology 2010-04-23 Summary 1st quarter 2010 Sales of SEK 1,600m (1,562) Adjusted for currency-exchange fluctuations and

More information

Second quarter AB Volvo

Second quarter AB Volvo 1 VOLVO GROUP Strengthened focus on core business divests Volvo Aero Enterprise value of SEK 6.9 billion. Completion expected during the third quarter of 2012. acquires shares in Deutz AG Largest shareholder

More information

The Future of Electric Cars - The Automotive Industry Perspective

The Future of Electric Cars - The Automotive Industry Perspective The Future of Electric Cars - The Automotive Industry Perspective Informal Competitiveness Council San Sebastian, 9 February 2010 Dieter Zetsche President ACEA, CEO Daimler page 1 The Engine of Europe

More information

FUTURE OF POWERTRAIN TECHNOLOGY

FUTURE OF POWERTRAIN TECHNOLOGY Craig Balis July 31, 2018 FUTURE OF POWERTRAIN TECHNOLOGY C.A.R. Management Briefing Conference 2 HONEYWELL OVERVIEW $40.5B in sales for 2017 54% of sales outside the U.S. 23,000 engineers worldwide 11,000

More information

BMW GROUP DIALOGUE. HANGZHOU 2017 TAKE AWAYS.

BMW GROUP DIALOGUE. HANGZHOU 2017 TAKE AWAYS. BMW GROUP DIALOGUE. HANGZHOU 2017 TAKE AWAYS. BMW GROUP DIALOGUE. CONTENT. A B C Executive Summary: Top Stakeholder Expert Perceptions & Recommendations from Hangzhou Background: Mobility in Hangzhou 2017,

More information

Volvo Group Volvo Group Headquarters

Volvo Group Volvo Group Headquarters Volvo Group 2017 Day in and day out, all around the year, people s decisions and basic needs create demand for transports and infrastructure solutions. Without the type of products and services the Volvo

More information

Meeting Materials for FY2011

Meeting Materials for FY2011 Meeting Materials for FY2011 (Year ended March 31, 2012) May 17, 2012 Masao Usui Representative Director, President Executive Officer KYB Corporation Meeting Materials for FY2011 May 17, 2012, KYB Corporation

More information

FISCAL YEAR MARCH 2018 THIRD QUARTER FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 THIRD QUARTER FINANCIAL RESULTS FISCAL YEAR MARCH 2018 THIRD QUARTER FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 Nine Month Results Fiscal Year March 2018 Full Year Forecast Progress of Key Initiatives 1

More information

Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 June August 2013, 10:00 a.m.

Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 June August 2013, 10:00 a.m. - Check against delivery - Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 June 2013, 10:00 a.m. Good morning, Ladies and Gentlemen, Today

More information

GROUP PRESENTATION. Milan, March 27 th &28 th 2012 SOGEFI GROUP

GROUP PRESENTATION. Milan, March 27 th &28 th 2012 SOGEFI GROUP GROUP PRESENTATION Milan, March 27 th &28 th 2012 1 PARIS, March OCTOBER 27 & 28 2012 11th WORLD LEADER Sogefi is a world leader in the design and manufacturing of engine filtration, air intake and cooling

More information

DONGFENG MOTOR Co., Limited MID-TERM BUSINESS PLAN

DONGFENG MOTOR Co., Limited MID-TERM BUSINESS PLAN DONGFENG MOTOR Co., Limited MID-TERM BUSINESS PLAN December 3 3 2003 Dongfeng Motor Co., Ltd. K. Nakamura, President & CEO Agenda I. Introduction II. Brief Background III.Mid Mid-term Business Plan Operational

More information

Performance of Wipro Limited for Quarter and Year ended - March 31, 2013

Performance of Wipro Limited for Quarter and Year ended - March 31, 2013 Performance of Wipro Limited for Quarter and Year ended - March 31, 2013 Suresh Senapaty Executive Director and Chief Financial Officer April 19, 2013 1 Financial Summary for the Year Ended March 31, 2013

More information

Strong growth outlook. Leif Östling, President and CEO

Strong growth outlook. Leif Östling, President and CEO Strong growth outlook Leif Östling, President and CEO 1 Disclaimer 2 This presentation contains forward-looking statements that reflect management's current views with respect to certain future events

More information

BMW Group posts record earnings for 2010

BMW Group posts record earnings for 2010 10.03.2011 BMW Group posts record earnings for 2010 Profit before tax rises to euro 4,836 million Profit before financial result climbs to euro 5,094 million Automobiles segment reports EBIT of euro 4,355

More information

Annual Press Conference

Annual Press Conference Annual Press Conference Stuttgart, 16 December 2016 Prof. Dr. Michael Kaschke President & Chief Executive Officer Thomas Spitzenpfeil Chief Financial Officer ZEISS Group, 2015/16 Annual Press Conference

More information

European Bank for Reconstruction and Development

European Bank for Reconstruction and Development European Bank for Reconstruction and Development EBRD Strategy in Automotive Sector Russia Alexei Sheloukhin Principal Banker, Corporate Sector, Russia Head of Automotive 13 April 2011 Kaluga Automotive

More information

9 MONTHS 2018 RESULTS

9 MONTHS 2018 RESULTS 9 MONTHS 2018 RESULTS Milano October 22 nd, 2018 Laurent HEBENSTREIT - Chief Executive Officer Yann ALBRAND - Chief Financial Officer Stefano Canu - Investor Relations 1. Nine Months 2018 Results 9M 2018

More information

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS FISCAL YEAR MARCH 214 FINANCIAL RESULTS Mazda CX-5 Mazda Atenza Mazda Motor Corporation April 25, 214 New Mazda Axela 1 PRESENTATION OUTLINE Highlights Fiscal Year March 214 Results Fiscal Year March 215

More information

Audi: the number one premium brand

Audi: the number one premium brand Investor Visit to AUDI AG, Ingolstadt, 22 nd September 2010 Audi: the number one premium brand Axel Strotbek CFO, Member of the Board, AUDI AG Development in deliveries to customers Audi [in thousand vehicles]

More information

INVESTOR PRESENTATION. February 2011

INVESTOR PRESENTATION. February 2011 INVESTOR PRESENTATION February 2011 Agenda Ford Otosan Overview Turkish Automotive Industry Overview Competitive Advantages Key Operating Data ISE Performance 2 Investor Presentation February 2011 FORD

More information

TECHNOLOGY PRESENTATION. Milano November 28th, 2017

TECHNOLOGY PRESENTATION. Milano November 28th, 2017 TECHNOLOGY PRESENTATION Milano November 28th, 2017 Laurent HEBENSTREIT Chief Executive Officer Agenda 1 2 3 Introduction Technology Profitable Growth Strategy 3 I Introduction Who is Sogefi? o Young automotive

More information

ANNUAL GENERAL MEETING Jussi Pesonen President and CEO

ANNUAL GENERAL MEETING Jussi Pesonen President and CEO ANNUAL GENERAL MEETING 216 Jussi Pesonen President and CEO UPM in transformation Business portfolio, sales 23: integrated paper company 28: towards marketdriven businesses 215: six separate businesses

More information

Introduction TrelleborgVibracoustic

Introduction TrelleborgVibracoustic Introduction TrelleborgVibracoustic Capital Markets Day Peter Nilsson, President and CEO Berns, December 6 1 2012-12-06 TRELLEBORG GROUP The skills and strengths of both organizations are perfectly blended

More information

Global Auto Components Market Report

Global Auto Components Market Report Global Auto Components Market Report ----------------------------------------- 2015 Executive Summary The automotive components industry accounts for a significant share of the total production of the

More information

Accuride Wheels Europe & Asia Introduction Scott Hazlett, President 20 September 2018

Accuride Wheels Europe & Asia Introduction Scott Hazlett, President 20 September 2018 Combined Strength. Global Reach. Accuride Wheels Europe & Asia Introduction Scott Hazlett, President 20 September 2018 AccurideCorp.com Accuride Corporation Leading Supplier to NA + EU truck/trailer industry

More information

Ulrich Spiesshofer, President and CEO, ABB LTD

Ulrich Spiesshofer, President and CEO, ABB LTD BERNSTEIN STRATEGIC DECISION CONFERENCE, NEW YORK, JUNE 1, 2017 Committed to unlocking value Leadership in the digital revolution Ulrich Spiesshofer, President and CEO, ABB LTD Important Notices This presentation

More information

New-Energy Vehicles: Unfolding in China J.D. Power China Mobility Disruptors Survey Series. March 2018

New-Energy Vehicles: Unfolding in China J.D. Power China Mobility Disruptors Survey Series. March 2018 New-Energy Vehicles: Unfolding in China J.D. Power China Mobility Disruptors Survey Series March 2018 1 OVERVIEW Propelled by growing public concerns about the environment and incentive policies, the enthusiasm

More information

TOFAŞ Q ANALYST PRESENTATION

TOFAŞ Q ANALYST PRESENTATION TOFAŞ Q1 2016 ANALYST PRESENTATION 03.05.2016 1 2016 Q1 AGENDA Highlights Turkish Automotive Industry Production & Capacity Utilization Domestic Market Developments Tofaş Domestic Market Performance Export

More information

BOGE Rubber & Plastics achieves record sales and extends its product portfolio with Fiberreinforced rubber-elastic coupling

BOGE Rubber & Plastics achieves record sales and extends its product portfolio with Fiberreinforced rubber-elastic coupling Automotive supplier remains on an expansion course BOGE Rubber & Plastics achieves record sales and extends its product portfolio with Fiberreinforced rubber-elastic coupling Sales grow by 8.6 percent

More information

BRINGING BUILDINGS TO LIFE

BRINGING BUILDINGS TO LIFE 2017 Q3 Mattias Johansson, CEO Nils-Johan Andersson, CFO 10 November 2017 BRINGING BUILDINGS TO LIFE Today s presenters Mattias Johansson, CEO and Group President Nils-Johan Andersson, CFO CEO since 1

More information

FY2012. H1 Financial Results. November 8, Copyright(C) 2011 Isuzu Motors Limited All rights reserved

FY2012. H1 Financial Results. November 8, Copyright(C) 2011 Isuzu Motors Limited All rights reserved FY2012 H1 Financial Results November 8, 2011 1 Copyright(C) 2011 Isuzu Motors Limited All rights reserved Ⅰ. President and Representative Director : Susumu Hosoi :FY2012 H1 Financial Summary Outline Ⅱ.

More information

BERNSTEIN STRATEGIC DECISIONS CONFERENCE 2018

BERNSTEIN STRATEGIC DECISIONS CONFERENCE 2018 ABB LTD, NEW YORK CITY, USA, 31 MAY 2018 Positioned for profitable growth BERNSTEIN STRATEGIC DECISIONS CONFERENCE 2018 Ulrich Spiesshofer, CEO Important notice This presentation includes forward-looking

More information

ALTERNATIVE ENERGIES AND IMPACT ON STATION OF THE FUTURE. Edouard BOURDIN

ALTERNATIVE ENERGIES AND IMPACT ON STATION OF THE FUTURE. Edouard BOURDIN ALTERNATIVE ENERGIES AND IMPACT ON STATION OF THE FUTURE Edouard BOURDIN TRANSPORT TRANSPORT OTHER SECTORS OTHER SECTORS TRANSPORT REPRESENTS MORE THAN 50% OF OVERALL OIL DEMAND Total hypothesis Reference

More information

SORL Auto Parts, Inc. (NASDAQ: SORL) June 2012

SORL Auto Parts, Inc. (NASDAQ: SORL) June 2012 SORL Auto Parts, Inc. (NASDAQ: SORL) June 2012 Safe Harbor Statement This presentation contains "forward-looking statements" within the meaning of the safe-harbor provisions of the Private Securities Litigation

More information

Alfa Laval Slide 3.

Alfa Laval Slide 3. Report for Q3 2009 - Orders received and margins - Highlights - Development per segment - Geographical development - Financials - Outlook Mr. Lars Renström President and CEO Alfa Laval Group Key figures

More information

Full-year Report 2008

Full-year Report 2008 Full-year Report 2008 Joakim Olsson CEO and President February 20, 2009 Innovative Vehicle Technology 2009-02-20 Summary 2008 Orders received of SEK 7,923m (8,098) Currency adjusted orders decreased with

More information

The IAM in Pre-Selection of global automotive trends impacting the independent multi-brand aftermarket

The IAM in Pre-Selection of global automotive trends impacting the independent multi-brand aftermarket The IAM in 2030 Pre-Selection of global automotive trends impacting the independent multi-brand aftermarket 10th of June 2016 The automotive aftermarket is based on a highly complex value chain with a

More information

Global Automotive Outlook

Global Automotive Outlook Global Automotive Outlook The Race for Sales, Electric Cars, Profitability and Innovation Marco Hauschel Nathan Carlesimo Maxime Lemerle Economic Research September 2017 Update After a healthy recovery

More information

Fast growing markets / Special focus Asia

Fast growing markets / Special focus Asia Fast growing markets / Special focus Asia Market update Key market drivers Manufacturing footprint Engineering footprint Successful business Ulrich Selig Director, Automotive Asia Passenger car production

More information

THIS IS VBG GROUP. Vänersborg,

THIS IS VBG GROUP. Vänersborg, THIS IS VBG GROUP Vänersborg, 2016-03-01 THIS IS VBG GROUP Publicy traded international industrial group. Three divisions. Total turnover of SEK 1.3 billion in 2015. Founded 1951 by Herman Krefting. Head

More information

MAHLE positions itself for the future

MAHLE positions itself for the future MAHLE positions itself for the future Sales rise to EUR 12.3 billion in 2016 Significant increase in organic growth 2016 business year characterized by strategic decision-making Stuttgart, April 26, 2017

More information

2003 fourth quarter and full-year results

2003 fourth quarter and full-year results Dinesh Paliwal Member of Group Executive Committee, Head of Automation Technologies Division 2003 fourth quarter and full-year results Automation Technologies Copyright 2003 ABB. All rights reserved. -

More information

PKC Group establishes Joint Venture with JAC. Matti Hyytiäinen, President & CEO

PKC Group establishes Joint Venture with JAC. Matti Hyytiäinen, President & CEO PKC Group establishes 50-50 Joint Venture with JAC Matti Hyytiäinen, President & CEO 1 PKC Group makes a major breakthrough in China and establishes JV with JAC PKC Group has signed an agreement to establish

More information

FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Quarter Results Fiscal Year March 2018 Full Year Forecast Structural Reform Stage 2 Progress

More information

Downstream & Chemicals

Downstream & Chemicals Downstream & Chemicals Pierre Breber Executive Vice President 017 Chevron Corporation Downstream portfolio Fuels refining & marketing Integrated value chains Lubricants & additives Globally positioned

More information

Indian engineering TRANSFORMING TRANSMISSION

Indian engineering TRANSFORMING TRANSMISSION Indian engineering TRANSFORMING TRANSMISSION A 2016 NASA photo of India s electrification. India to become the world s first country to use LEDs for all its lighting needs by 2019 (photograph courtesy

More information

JAGUAR LAND ROVER RESULTS FOR THE THREE MONTHS ENDED 31 DECEMBER th FEBRUARY 2017

JAGUAR LAND ROVER RESULTS FOR THE THREE MONTHS ENDED 31 DECEMBER th FEBRUARY 2017 JAGUAR LAND ROVER RESULTS FOR THE THREE MONTHS ENDED 31 DECEMBER 2016 14 th FEBRUARY 2017 DISCLAIMER Statements in this presentation describing the objectives, projections, estimates and expectations of

More information

FY H1 Financial Results

FY H1 Financial Results FY2011 1 H1 Financial Results November 8, 2010 1 Copyright(C) 2010 Isuzu Motors Limited All rights reserved Contents Ⅰ. President and Representative Director : Susumu Hosoi :FY2011 H1 Financial Summary

More information

ADP!AALTO FULL SPEED AHEAD! A presentation to the CEO of Harley Davidson 1/10/2019. Matti Karjalainen Patrick Timmer Lauri Hanninen Tommi Bergstrom

ADP!AALTO FULL SPEED AHEAD! A presentation to the CEO of Harley Davidson 1/10/2019. Matti Karjalainen Patrick Timmer Lauri Hanninen Tommi Bergstrom DISRUPTION ADP!AALTO PARTNERS FULL SPEED AHEAD! A presentation to the CEO of Harley Davidson 1/10/2019 Matti Karjalainen Patrick Timmer Lauri Hanninen Tommi Bergstrom Executive Summary How to Maintain

More information

Gabelli Automotive Symposium October 30, Adriane Brown President and CEO Honeywell Transportation Systems

Gabelli Automotive Symposium October 30, Adriane Brown President and CEO Honeywell Transportation Systems Gabelli Automotive Symposium October 30, 2007 Adriane Brown President and CEO Honeywell Transportation Systems Forward Looking Statements This report contains forward-looking statements within the meaning

More information

FORD AND AZURE DYNAMICS COLLABORATE ON TRANSIT CONNECT ELECTRIC FOR EUROPE

FORD AND AZURE DYNAMICS COLLABORATE ON TRANSIT CONNECT ELECTRIC FOR EUROPE PERSINFORMATIE FORD AND AZURE DYNAMICS COLLABORATE ON TRANSIT CONNECT ELECTRIC FOR EUROPE Ford Motor Company will collaborate with Azure Dynamics to begin delivering the Transit Connect Electric to European

More information

Jaguar Land Rover Results For the quarter ended 30 June August 2015

Jaguar Land Rover Results For the quarter ended 30 June August 2015 Jaguar Land Rover Results For the quarter ended 30 June 2015 7 August 2015 1 Disclaimer Statements in this presentation describing the objectives, projections, estimates and expectations of Jaguar Land

More information

Federal-Mogul LLC. Company Overview

Federal-Mogul LLC. Company Overview Federal-Mogul LLC Company Overview Company Highlights Global scale with extensive, cost competitive manufacturing, engineering and distribution footprint Diversified revenues by end-market, geography,

More information

Kongsberg Automotive ASA. Third quarter November 7, 2018

Kongsberg Automotive ASA. Third quarter November 7, 2018 Kongsberg Automotive ASA Third quarter - November 7, Q3 Highlights Continued improvements in turbulent times Revenues increased YoY by MEUR 18.3 (~8%) to MEUR 259 including negative FX effects of MEUR

More information