HIGH PERFORMANCE METALS DIVISION

Transcription

1 HIGH PERFORMANCE METALS DIVISION Business year 2016/17

2 voestalpine AG Key figures for 2016/17 Sales by regions Sales by industries Employees 49,703 Revenue EUR 11,294.5 million Business year 2016/17 Business year 2016/17 9% Asia 7% Rest of world 70% European Union (of which Austria 7%) 5% White goods/ Consumer goods 9% Mechanical engineering 3% Aerospace 12% Railway systems EBITDA EBIT EUR 1,540.7 million EUR million 3% South America 11% NAFTA 14% Other 10% Building/ Construction 34% Automotive EBIT margin 7.3 % ENERGY 13% MOBILITY: 49% 2

3 voestalpine AG Metal Forming Revenue (in millions of euros) 2,426.1 EBIT (in millions of euros) EBIT margin 8.7% Employees (full-time equivalent) 11,073 21% 33% Steel Revenue (in millions of euros) 3,912.4 EBIT (in millions of euros) EBIT margin 6.7% Employees (full-time equivalent) 10,898 Metal Engineering 23% High Performance Metals Revenue (in millions of euros) 2,684.6 EBIT (in millions of euros) EBIT margin 7.5% Employees (full-time equivalent) 13,157 23% Revenue (in millions of euros) 2,697.9 EBIT (in millions of euros) EBIT margin 9.4% Employees (full-time equivalent) 13,733 3

4 voestalpine AG» If you want to change the world, you can depend on us.» We re the partner of choice worldwide for demanding product solutions involving steel, helping our customers stay that decisive step ahead.» We are the world market leader or hold leading positions with all of our four divisions. Metal Forming Metal Engineering Steel High Performance Metals 4

5 voestalpine AG Metal Forming Global leading supplier of highly refined sections, tubes and precision strip steel products as well as for ready-to-install system components made of pressed, stamped and rollformed parts. Sectors Automotive, construction and energy industries, warehousing technology, mechanical engineering and steel construction industries Steel Global quality leader in premium steel strip and cast products, and the global leading supplier of heavy plate Sectors Automotive industry and suppliers, energy, household appliances, construction industry Metal Engineering Global market leader in turnout technology and a leading partner for rails, processed wire, seamless tubes and welding consumables High Performance Metals Global market leader for tool steel and a leading partner for high-speed steel, valve steel, special forged parts and powdermetallurgical materials Sectors Railway systems, energy, automotive industry, mechanical engineering and steel construction industries Sectors Toolmaking, automotive industry, oil & gas exploration, aerospace 5

6 HIGH PERFORMANCE METALS DIVISION AT A GLANCE Global leading special steel company with a focus on technologically demanding product segments Global market leader in tool steel and global leading supplier in highspeed steel, valve steel and other special steels as well as powdermetallurgical materials One-stop shop With additional services including heat treatment, coating and additive manufacturing. 8 production sites in Europe, North and South America, and a sales and service network with 160 warehouse and service sites in 45 countries on all five continents Supplying customers worldwide in the sectors: Automotive Power generation Oil & gas exploration Mechanical engineering Consumer goods Aircraft manufacture and other selected industry segments 6

7 HIGH PERFORMANCE METALS DIVISION AT A GLANCE Robert Bauer Franz Rotter Markus Potzinger Reinhard Nöbauer Production Business Unit HPM (High-Performance Metals) Production Chairman of the Management Board Finance & Controlling voestalpine High Performance Metals GmbH Value Added Services Business Unit Value Added Services Böhler Edelstahl GmbH & Co KG (Austria Kapfenberg) Böhler Bleche GmbH (Austria Mürzzuschlag) Uddeholms AB (Sweden Hagfors) Böhler Schmiedetechnik GmbH (Austria Kapfenberg) Böhler Profil GmbH (Austria Bruckbach) Buderus Edelstahl GmbH (Germany Wetzlar) Region Pacific (voestalpine High Performance Metals Pacific, ASSAB Group) ) Region Western Europe (Böhler-Uddeholm, Deville) Region Germany (Böhler-Uddeholm Deutschland, EschmannStahl, Eschmann Textures, eifeler, voestalpine Additive Manufacturing Center) Region North America (Böhler-Uddeholm, voestalpine Specialty Metals ) Villares Metals S.A. (Brazil Sumaré) ENPAR Sonderwerkstoffe GmbH (Germany - Gummersbach) Region International (Böhler-Uddeholm) 7

8 HIGH PERFORMANCE METALS DIVISION OVERVIEW OF BUSINESS UNITS Business unit HPM Production Value Added Services Division Positioning globally leading supplier of top performing materials & components for selective technological demanding applications and industries Global No.1 in toolsteel with a unique global distribution network and related local services (heat treatment, machining, coating) for the tooling industry Globally leading high performance metals supplier with a unique service network securing customer intimacy Revenue (m ) 1,765.4 m 1.671,4 m 2,689 m consolidated EBIT margin 7.7 % 8.2 % 9.4 % 8

9 PRESENT IN ALL THE WOLRD S INDUSTRIALIZED ZONES 8 production sites in Austria Kapfenberg, Mürzzuschlag, Bruckbach Sweden Hagfors Germany Wetzlar USA South Boston/Virginia Brazil Sumaré Global sales & service network 160 warehouse and service sites in 45 countries 9

10 HIGH PERFORMANCE METALS DIVISION IN KEY FIGURES Financial and operating figures 2015/ /17 Revenue in millions of euros EBITDA in millions of euros EBIT in millions of euros EBIT margin in percent Employees Full-time equivalent 2,651 2, ,470 13, % 9.4% 2015/ / / / / / / / / /17 10

11 HIGH PERFORMANCE METALS DIVISION IN KEY FIGURES Revenue by region Revenue by industry 8% Rest of world 7% South America 53% European Union (of which Austria 4%) 13% White goods/ Consumer goods 12% Aerospace 18% Asia 19% Mechanical engineering & steel construction 29% Automotive 14% NAFTA 12% Others 4% Building construction MOBILITY: 41% 11% Energy 11

12 A STEP AHEAD WITH STATE-OF-THE-ART PRODUCTION FACILITIES Electric arc furnaces and secondary metallurgical plant for special steels used in demanding applications Remelting units (ESR/VAR) and furnaces for vacuum induction melting (VIM) to optimize metallurgical properties Rolling mills with extremely tight tolerances Screw press for the production of aerospace components State-of-the-art forging machines (open die, closed die and rotary forging) Continuous casting plant for valve steel and welding wire Powder metallurgy plant in Austria Atomizing plants for the production of metal powders for additive manufacturing 12

13 FOR THE PRODUCTION OF HIGH-PERFORMANCE MATERIALS Tool steel High-speed steel Valve steel Special engineering steel Powdermetallurgical materials Special steels Nickel-based alloys Titanium alloys in all product forms 13

14 AND A GLOBAL SALES NETWORK WITH A FOCUSED SERVICE PORTFOLIO Warehousing Heat treatment Saws Machining Coating Additive Manufacturing 14

15 OUR VALUE ADDED SERVICES NETWORK IN FIGURES ~160 warehousing and service sites in all industrialized regions of the world ~40% of all employees working in sales and service 100% Customer service achieved through local technical advice and services Global number 1 for service centers for tool making ~1,000 high-performance saws, 350 precision milling machines, 100 and heat treatment furnaces For customized dimensions & material properties 24 hour delivery for standard products Ordered today delivered tomorrow No competitor in the special steel sector has a similarly dense sales network with warehousing, machining, heat treatment, coating facilities and additive manufacturing (3D printing with metal powder) 15

16 STRONG PARTNER TO THE AEROSPACE INDUSTRY» Fifth largest supplier worldwide» Global sales network ensures customer proximity to Tier 1 and OEMs» Materials & components made from special materials, titanium and nickel-based alloys by Böhler and Villares Metals, thin film coatings by eifeler for highly demanding applications» Ongoing expansion of approvals & services Special forgings, special materials, sheets and plates, special profiles, structural components 16

17 RELIABLE PARTNER TO THE OIL & GAS INDUSTRY» Pre-materials & tailor-made components in special steel and nickel-based alloys for oil & gas production, transport, storage and refining» Present in all oil & gas industry hot spots: customized warehousing in Houston/USA, Singapore, Great Britain, Norway and Brazil» Fast delivery, consulting & services (individual cutting, machining, material testing, heat treatment, coating) saves customers effort, time and costs» Ongoing expansion of approvals and services, as well as research activities and application developments for specific industry challenges Steel solutions for oil & gas Oilfield components Offshore equipment 17

18 INNOVATION LEADER THROUGH ADDITIVE MANUFACTURING» The additive manufacturing process uses 3D data to manufacture components by adding layer upon layer of metal powder. Advantages of this technology include:» Ability to produce complex geometries (weight reduction, lattice structures)» Customized production, low warehousing costs, small batches» Short innovation/product development cycles Powder development Laser melting process» Material expertise and extensive experience in powder metallurgy within the division through Böhler and Uddeholm» Research competence center, voestalpine Additive Manufacturing Center GmbH, in Düsseldorf in operation since April Expansion in Singapore, Taiwan, Toronto» Combines the core competences of powder production with design optimization and component production 18 Complex structures

19 OUR STRONG BRANDS MAKE US DISTINCTIVE» voestalpine High Performance Metals has global leading brands with a long tradition in the special steel sector (multi-brand strategy)» Each brand symbolizes a separate performance profile in the market and generates strong brand loyalty» These brands clearly differentiate us from our competitors» Optimizing and developing its brands creates value 19

20 OUR SPECIFIC CUSTOMER STRUCTURE Focus Automotive industry Power generation Oil & gas exploration Mechanical engineering Aircraft construction Highly technical industry segments Tool making is largest customer group (primarily SMEs) no dependence on a few major customers Largest customer represents less than of total revenue 10 largest customers No volume business, average dispatch weight around 70 kg represent The focuses on medium-sized buyers as well as major industrial customers. less than of total revenue 20

21 TAILOR-MADE SOLUTIONS HELP US STAND OUT Fully integrated special steel manufacturer with production, sales and services from a single source Strongly diversified customer base, no dependence on a few major customers A step ahead of the best CUSTOMER INTIMACY Customer Responsive Dense sales and service network secures global presence, clear focus on our customers as highest priority (customer intimacy) Global market leader in selected, technologically highly demanding product segments not a commodity steel producer Strong brands with a long tradition secure strong brand loyalty OPERATIONAL EXCELLENCE Operational Competence Level with the best PRODUCT LEADERSHIP Product Differentiation 21

22 MEGATRENDS SECURE OUR LONG-TERM GROWTH Megatrend/ industry sector Current contribution to total sales Mid-term trend Long-term trend Mobility/Automotive Tool and component construction Mobility/Aerospace Structural parts, engine disks Power generation Thermal power plants, wind energy, oil & gas exploration ~29% ~12% ~11% Consumer goods Electronics, household appliances, packaging Mechanical engineering Cutting tools, heavy gear boxes, tooling 22 ~13% ~19% The is well positioned in tomorrow s growth markets.

23 R&D GUARANTEES OUR POWER TO INNOVATE R&D in figures Expenditure in millions of euros 19,7 21,6 20,9 19,8 20, ,3 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 Number of employees ~109 Number of patents & registered patents ~1.039» Directed development of products and processes as basis for innovation and competitiveness» New steel grades & alloys, process simulation for metal forming and process technology as well as metal powder and additive manufacturing» Fundamental research in close cooperation with universities, research institutes and Christian Doppler laboratories 23

24 DEDICATE EMPLOYEES ENSURE CUSTOMER PROXIMITY Employees by region 1% Other 5% N America 15% Asia 14% S America 36% Europe (excl. Austria) 29% Austria» 13,733* employees in 45 countries around the world» Close collaboration within networks guarantees customer satisfaction» Group-wide feedback from the Employee Survey enables employee engagement to be measured and provides the basis for drawing up targeted measures within the companies» Employees with expertise and a willingness to take on direct responsibility are prerequisites for meeting customer needs and distinguishing the Group from its competition * full-time equivalent 24

25 OUR VALUES We focus on the needs of our customers We are empowered professionals We keep our word We are committed for the long term We develop the talents of our employees 25

26 SAFETY AT WORK AN ABSOLUTE PRIORITY» Employee health and safety enjoys highest priority» Standardized safety & health management systems at our production sites (OHSAS 18001)» Industrial safety and a healthy workplace are integral to all business processes» International exchanges between division and Group sites encourages our joint development» Excellent work safety and workplace health are important contributors to the success of the company Our vision: No accidents! 26

27 WE ARE IMPROVING - CONTINUOUSLY (CIP)» Sustainable cost reduction and ensuring competitiveness through established and successful Continuous Improvement Program (CIP) in the companies» Employees submit roughly 15,000 ideas for improvement which are then assessed by expert teams» Focus on four categories: Quality, Safety at work and health, Environmental protection, and Financial impact» Rewards for the best submissions 27

28 OUR ENVIRONMENT IN FOCUS» Active environmental protection is part of our company philosophy Maintaining a continual improvement process and adhering to environmental regulations.» Standardized environmental & energy management systems at our production sites (ISO and ISO 50001)» Energy and resource efficiency, and avoiding or reducing environmental pollution by using the best available and economically justifiable technologies» Sustainable contribution to a future in which resources are protected by improving material efficiency and recyclability» Networking of environmental representatives at the sites and monitoring legal and technological developments to ensure high environmental standards across the Group 28

29 Thank you

30 HISTORICAL MILESTONES Acquisition of ATT (Shanghai) and the Sermetal Group (Spain/Portugal) Start of the voestalpine Additive Manufacturing Center in Düsseldorf voestalpine Edelstahl GmbH acquires Eifeler Group and expands the service portfolio to add coating for tool making Holding company Böhler-Uddeholm AG renamed voestalpine Edelstahl GmbH Full integration into the group as the Special Steel Division Austrian voestalpine AG takes over Böhler-Uddeholm The Republic of Austria sells its remaining stake in Böhler-Uddeholm Partial privatization with initial public offering on the Vienna Stock Exchange, majority privatization in the following year Austrian Böhler Group and Swedish Uddeholm Group merge to form the holding company Böhler-Uddeholm Group. Both companies enjoy a long history Böhler since 1446 and Uddeholm since Böhler-Uddeholm is fully owned by the ÖIAG (Republic of Austria) 30