Thyssenkrupp : Charts 2. Quartal 2021/2022 (nur in englischer Sprache)

Charts on Q2 FY 2021/22 Facts & Figures

Ticker: TKA (Share) TKAMY (ADR)

May 2022

Highlights Q2 FY 2021/22

•	Best EBIT adj. H1 in >10 years
Performance,
•	Strong contribution from MX and SE outweighing softness in Components businesses
Portfolio Management,
•	Restructuring program on track: >8,900 FTE reduced (+500 QoQ); ~70% already achieved1
Restructuring
•	IPO as preferred option for our hydrogen businesses (tk nucera)
•	Net Cash position >€3 bn at end of FYE 21/22 due to +ve effects from M&A transactions
Strong balance sheet	Pensions liabilities lower YoY due to rising interest rates
•
•	Equity ratio of >30%
•	EBIT adj. raised to ≥€2 bn
Guidance FY updated
•	FCF bef. M&A of ~mid 3-digit €mn -ve
1. Since 01.10.2019; total FTE reduction of >12,700

H1: Performance progressing and above expectations

Q2 FCF bef. M&A below prior expectations due to price effects on NWC

Order intake

[€ bn]FCF bef. M&A

[€ bn]

24.0

EBIT adj.

[€ bn]

6.0% 1.2

13.6 0.8

(0.3) (0.2)

(0.5)

0.0

0.7

Net Income

[€ bn]

(2.8)

(1.1)

H1 19/20 H1 20/21 H1 21/22

H1 19/20 H1 20/21 H1 21/22

Q1

Q2

FY 19/20

Q1

Q2

FY 21/22

FY 20/21

H1: Best EBIT adj. in > 10 years - high contribution from MX and SE

[€ mn]

198 97 101

H1 20/21

H1 21/22

• • MX and SE leveraging their strong market position in favourable trading conditions

• • Effects from s/c constraints and higher factor costs (e.g. logistics, materials, energy) - partially reinforced by the war in UKR - on auto related businesses

Q1

Q2

FY 20/21

Q1

Q2

EBIT adj. margin H1

SEMSMT

(1) (33)

(80)

(111)

(191) H1 20/21

(34)

FY 21/22

H1 21/22

Q2 with strong momentum at the top- and bottom line

Order intake [€ bn]

EBITDA adj. [€ mn]

1,028

602

450

EBIT adj. [€ mn]

802

220

FCF bef. M&A [€ mn]

378

(772)

• • Strong price dynamics at MX and SE

• • Big-ticket submarine order of €3.0 bn; Marine Systems order backlog at record high

• • Significant margin expansion at

   SE with meaningful step-up in adj. EBITDA/t to €218/t (+€132/t QoQ, +€176/t YoY)

  

  MX with record EBITDA adj. of €368 mn (+€117 mn QoQ, +€208 mn YoY)

• • Effects from supply chain constraints and rising factor costs at components businesses

• • Restructuring progressing and contingencies in place

(750)

• • Affected by price effects on NWC (mainly inventories and receivables)

  (858)

• • Conversion of NWC in earnings and cash flow ahead

Q2 20/21

Q1 21/22

Q2 21/22