Construction and Mining Technique. Björn Rosengren

Transcription

1 Construction and Mining Technique Björn Rosengren

2 Construction and Mining Technique September month figures Africa/ Middle East South 14% America 8% Asia/ Australia 18% North America 17% MSEK % 6.9% 9.8%* 9.1%* 9.2% 10.2% 8.9% 7.7% 43% Europe Sept Revenues Operating profit %* Excluding restructuring costs Construction and Mining Technique Markets / Customers Construction Mining > 50% of Business Area < 50% of Business Area Tunnelling and road construction Production and development work Dam construction Underground and Quarrying surface mining Breaking and demolition Loading and haulage Ground engineering Exploration drilling Demand keys Demand keys Infrastructure- and public investments Mining machine investments Non-building construction activity Ore production 1

3 Underground Drilling Equipment Södra Länken Södra länken, connecting the southern suburbs of Stockholm, is the largest road tunnel system ever built in Sweden. Excavated rock volume 2 million m3 Total length of tunnels 16.6 km Construction period LHDs and Trucks 2

4 Integration of Wagner into Örebro Focus Wagner new product range Focus Increased investments in R&D New product range in 5 years Surface Drilling Equipment 3

5 Rock Drilling Tools Rock Drilling Tools Closure of Östersund Plant Östersund South Africa Hammerplant Shanks and DTH-bits Rodplant Fagersta Geotechnical Drilling Equipment 4

6 Geotechnical Drilling Equipment in 11 years All acquisitions are operating under the Atlas Copco brand Products Products Territory Products Territory Products Territory Products Territory Construction Tools Construction Tools Krupp - further implementation of synergies 5

7 September month figures 9000 Revenues, 12 month values, MSEK (left axis) Earnings before interest and tax, MSEK (right axis) Earnings before interest and tax before restructuring costs in Wagner, MSEK (right axis) Construction and Mining Technique ROCE September month figures 30% ROCE, excl. restructuring costs ROCE 25% 20% 15% 10% 5% 0% 98 Q4 99 Q1 99 Q2 99 Q3 99 Q4 00 Q1 00 Q2 00 Q3 00 Q4 01 Q1 01 Q2 01 Q3 01 Q4 02 Q1 02 Q2 02 Q3 02 Q4 03 Q1 03 Q2 03 Q3 Modular design concept Example surface drill rigs ROC D, F and L 6

8 Research and Development Average product age - drill rigs Years 15 Underground drill rigs Surface drill rigs Today Flow Manufacturing Example surface drill rigs Aftermarket - Use of Products September month figures Consumables Outsourcing Logistics management Service and Spare Parts Service contracts Rental 60% 55% 50% Use of products, share of revenues, % Use of products, MSEK Equipment sales, MSEK % % Sept

9 Strategy Organic Growth and Acquisitions Research and Development New product development New products and solutions, the driving force in organic growth Extend the product offer based on modular design concept Design and ergonomics Develop intelligent product concept Product Innovation ROC D5 RRC Radio Remote Control Balanced design Low center of gravity High ground clearance Exceptional rough terrain capabilities 8

10 Product Innovation Diamec U6 APC New Drill Design Reliability Power Flexibility Safety and Ergonomics New Hydraulic Control System Product Innovation Simba M6 C Computer Controlled RCS - Rig Control System Product Innovation Cobra Combi Petrol driven drill and breaker Multi-purpose tool Portable, Flexible, Economical Higher operator comfort and less environmental impact Lower vibrations New vibration-dampening handles reduce vibration levels from 8 to 5m/s2 Less noise Fulfilling the European Noise Directive (NED) Cleaner emissions Meets US emission regulations EPA1 9

11 Aftermarket concept Aggressive growth of aftermarket business Develop global service concept/competence Introduce fleet management system Introduce more aftermarket products Focus through a separate organisation Key account strategy A closer partnership relationship between customers and suppliers, when possible based on performance contracts. Fundamental believes Growth Profitability Stability 10

12 Construction and Mining Technique Aftermarket - Use of Products Acquisitions / Divestments Year Aquisition Divestment 1998 JKS Boyles Robbins TBM 2000 Hobic JKS Lamage 2001 Christensen Products 2002 Ankertechnik (MAI) Krupp Berco Bautechnik 2003 Professional Diamond Drilling Equipment and Mining Drilling Services Shenyang Rock Drilling Machinery World ore production Surface mining 11

13 Focused Markets Russia North America Asia South Africa Australia Q Order volume growth, +8% Mining orders continued to improve Stabilization of order trend for light construction equipment Operating margins rebound Very high invoicing offset sharply negative impact from currency Acquisition of Chinese rock drilling equipment manufacturer September month figures % Volume growth: Change in revenues vs. same quarter previous year, % Quarterly operating margin, % % Q1 98 Q2 98 Q3 98 Q4 99 Q1 99 Q2 99 Q3 99 Q4 00 Q1 00 Q2 00 Q3 00 Q4 01 Q1 01 Q2 01 Q3 01 Q4 02 Q1 02 Q2 02 Q3 02 Q4 03 Q1 03 Q2 03 Q3 12

14 Construction and Mining Technique Orders received per region and trend in Q % September month figures Change in volume, Q vs. Q Market Position Global leader in rock drilling and excavation equipment and tools for hard rock construction and mining applications Defend strong market position by continuous product and service development and improved market presence and penetration Further develop position in mining, exploration drilling and light construction equipment 13