KUKA Aktiengesellschaft

Transcription

1 KUKA Aktiengesellschaft Company Presentation 2018 Page: 1

2 Agenda 1. KUKA Group at a glance 2. Divisions, Strategy and Targets 3. Technology and Innovation 4. Shareholder Structure, Financials and Markets 5. Appendix Page: 2

3 1. KUKA Group at a glance Page: 3

4 Tradition meets innovation 1956 KUKA revolutionizes welding technology: KUKA builds the first automatic welding systems and delivers the first multi-spot welding line to Volkswagen AG Presentation of the first large garbage truck 1966 European market leader for municipal vehicles, first friction welding machine 1964 Market launch of the compact Princess typewriter 1898 Company founded by Johann Josef Keller and Jakob Knappich in Augsburg as an acetylene factory for lighting Today KR QUANTEC, KR C4, KUKA smartpad, KR AGILUS, KR C4 compact 1996 First open PC-based robot controller KUKA develops FAMULUS, the world s first industrial robot with six electric motor-driven axes Human-robot collaboration, Mobility, IIoT LBR iiwa, LBR iisy, KMR iiwa, KUKA Connect Page: 4

5 KUKA Group at a glance Financial Results 9M/18 Regional Mix 2.5billion Sales revenues (-5.7%) 2.6 billion Orders received (-6.1%) Europe Americas Asia 2.2 billion Order backlog (-0.6%) 5.0% EBIT margin 1 5.4% in 9M/ Business Mix Automotive General Industry 1) Before purchase price allocations, before growth investments and before reorganization expenditure 2) Before purchase price allocations and before growth investments Page: 5

6 Objective KUKA s path for the future 2011 ~1.4 bn EUR ~6,500 Emergency funds 2014 ~2.1 bn EUR ~12,000 Back in business New business models Ready for market growth ONE KUKA 2017 ~3.5 bn EUR ~14, ~4-4.5 bn EUR Making automation intelligent Place and time for growth Ensuring profitability Creating autonomous systems New approaches to interaction Profiting from software business Page: 6

7 2. Divisions, Strategy and Targets Page: 7

8 Global megatrends demand solution-oriented automation Globalization Digitization Automation KUKA offers comprehensive automation solutions, from the robot to cell, system and logistics solutions Stronger focus on industries and markets Presenting one face to the customer Page: 8

9 Focus on customer segment Automotive The Automotive segment is a partner for the automotive industry in the fields of robotics, automation, logistics and electronics. Page: 9

10 Focus on customer segment Industries The Industries division covers industries other than the automotive industry, which is covered by the Automotive segment. With the sale of ready2_use packages and standard solutions, this division also combines product know-how and solution know-how. Page: 10

11 Focus on customer segment Consumer Goods & Logistics Automation The Consumer Goods & Logistics Automation segment develops automation solutions for intralogistics. It supplies everything that companies need to optimize their logistics from planning to implementation and customer service. Page: 11

12 Key factors for future production people Enable people to use technology easily Global application development community & market place platform community future topics & key factors technology Flexible production technology, connected and intelligent Page: 12

13 Customers benefit from KUKA s domain know-how and innovative strength Increasing Production Requirements Smart Products Process Expertise Cloud Services Smart Solutions Intelligent factory of the future Page: 13

14 KUKA`s answers to market requirements Assistants for Humans Flexible Usability Fast and Easy Usability of new Technologies Integration of new solutions into existing Processes Mobile and autonomous systems for flexible Production Process Optimization through Digitization Intelligent Industrial Production and Logistic Solutions Collaborative Robots HRC Sensitivity and Vision Easy-to-use Mobile Robots Autonomous Systems IoT/I4.0-Solutions Low-cost sensors and Big Data engines Page: 14

15 Growth market China KUKA Revenue in China Mio. >1, IFR-Overview: Robots sold in China 250, e KUKA`s goal: No. 1 in Robotics in the world`s most important future market 138,000 23,000 37,000 57,000 69,000 87, e Page: 15

16 KUKA & Midea Joint Ventures for growth in China Joint Venture Midea KUKA Robotics (Industries) Access to new market segments Use growth potential in China Joint Venture Midea Swisslog Healthcare Access to new customers Strong local presence Ability to establish strong strategic partnerships Joint Venture Midea Swisslog WDS (Logistics) Market access to the strongly growing middle market segment Utilization of Midea s supplier network Development of standardized logistics solutions local market Strategic partnerships with Chinese key accounts Page: 16

17 Outlook KUKA 2020 Development +14% Asia-Pacific +16% : Estimated 43% 2018: 36% of global supply installed in China Megatrend digitization Sales revenues billion Favorable tailwind in Asia Sales revenues 3.5 billion Megatrend automation EBIT margin > 7.5% Strengthen our position in Asia/China Key technologies & new business models 2017 Focus on high-growth, profitable markets 2020 Page: 17

18 3. Technology and Innovation Page: 18

19 Robotics Product portfolio KR CYBERTEC KR Quantec LBR iiwa KR AGILUS Light Weight (7-14 kg) Small Robots (-10 kg) Low Payloads (5-20 kg) Medium Payloads (30-60 kg) High Payloads ( kg) Heavy Duty ( kg) Special Models Page: 19

20 LBR iisy new Product for 3 C-Market [+] Basic features 6-axis robot, 3kg, 600mm reach Small foot print Sunrise Operation via tablet [+] Target Markets & Applications Electronics market, White Goods,... Assembly, Testing, Material Handling,... [+] Design HRC arm design for fenceless coexistence torque sensors, passive skin Competitive price [+] Easy 2 use Graphical programming Hand guiding Process sensitivity Out of the box system Page: 20

21 KUKA stands for intelligent robotics and automation _Cobots _Mobility _Connectivity _IIoT _Industrial Intelligence Page: 21

22 I4.0 & Connected Twins Data Insights for Diagnosis Simulation VIRTUAL Product Life Cycle Management Offline Programming PHYSICAL Secure data transfer Deploy to Shop Floor Page: 22

23 Looking into the future: Consumer and Service Robotics Page: 23

24 4. Shareholder Structure, Financials and Markets Page: 24

25 KUKA Group Shareholder structure Other institutional and private investors 5.4% Midea Group 94.6% Page: 25

26 KUKA Group Key financial figures Orders received ( million) Sales revenues ( million) Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 EBIT margin (%) Order backlog ( million) , , , , , Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 1) Before purchase price allocations and before growth investments 2) Before purchase price allocations, before growth investments and before restructuring costs Page: 26

27 KUKA Group Key financial figures Orders received ( million) 1, , , , ,614.3 Sales revenues ( million) 1, , , , , % +96 % EBIT ( million) Order backlog ( million) 1, , , , % >100 % 1) Before purchase price allocations and before growth investments 2) Before purchase price allocations and before extraordinary expenses for the Midea takeover Page: 27

28 Q3/18: Automotive, Industries, Consumer Goods & Logistics Automation Orders received ( million) Sales revenues ( million) EBIT margin (%) Automotive Industries Consumer Goods & Logistics Automation Automotive Industries Consumer Goods & Logistics Automation Automotive Industries Consumer Goods & Logistics Automation Page: 28

29 Group: Key financial indicators for Q3/18 and full year 2017 ( million) Q3/17 Q3/18 Delta (%) FY16 FY17 Delta (%) Sales revenues , , Gross operating result in % of sales revenues EBITDA in % of sales revenues Earnings before interest and taxes (EBIT) in % of sales revenues Earnings after taxes Capital expenditure > Equity ratio (September 30) (in %) Net liquidity/debt (September 30) > >-100 Employees (September 30) 13,988 13, ,188 14, Cash earnings Cash flow from current business operations >100 Free cash flow Page: 29

30 Automation and digitization are global trends Europe +10% APAC +16% 2018: 36% of global supply installed in China 2019: Estimated 43% Modernization of existing facilities Improving energy efficiency Investments in sophisticated electronics Americas +13% Investments in more efficient production Improving resource efficiency Industry 4.0 provides new opportunities for mechanical and plant engineering Increasing labor costs, growing quality demands and a higher education level through growing middle class Strengthening competitiveness in the manufacturing industry Establishing China as "Smart Manufacturing Superpower" Page: 30

31 Robotics Low robot penetration in General Industry and emerging markets Robot density in 2017 Robots per 10,000 employees 1,200 1,158 1, USA Japan Germany UK China Brazil India Automotive General Industry Source: IFR World Robotics 2017 (published October 2018) Page: 31

32 Market potential in China Articulated robots, shipments Source: IFR, CRIA, KUKA/Midea estimation China s 13th 5-year plan: Increasing value creation as part of China s transformation Made in China 2025: Clear focus on development breakthroughs in ten strategic industries Internet Plus: Reformation of existing production with information and communication technologies Page: 32

33 5. Appendix Page: 33

34 Financial Calendar March 28, 2019 April 29, 2019 May 29, 2019 August 6, 2019 October 29, 2019 Financial results press conference Interim update for the first quarter Annual General Meeting Interim report for the first half year Interim update for the third quarter Page: 34

35 Investor Relations Contact The KUKA share ISIN DE Reuters KU2G.DE Bloomberg KU2 GY (Xetra) Kerstin Heinrich, Head of Investor Relations Phone +49 (821) Fax +49 (821) Page: 35

36 Disclaimer The presentation contains forecasts based on assumptions and estimates by the management of KUKA Aktiengesellschaft. Even if the company management is of the opinion that these assumptions and estimates are valid, the actual future developments and the actual future results may vary considerably from these assumptions and estimates due to numerous factors. These factors may include, for example, changes in the overall economic situation, exchange rates and interest rates, and changes affecting individual markets. KUKA Aktiengesellschaft provides no guarantee that the future development and the future results actually achieved will correspond to the assumptions and estimates stated here and accepts no liability if they should fail to do so. Copyright 2018 KUKA Aktiengesellschaft All rights reserved. Page: 36