skf annual general meeting 2015...2015/03/26  · skf demand outlook q1 2015, main business areas...

SKF Annual General Meeting 2015Alrik Danielson, President and CEO

© SKF Group

SKF – 100 years of innovation

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Some of our segments

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© SKF Group 13 January, 2020Slide 4

Some of our segments

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Creating and capturing value

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Cre

ate

valu

e

Capture value

Materials

supplier

Component

supplier

SKF

Systems

supplier

End-

customer

Consumer

Competitors Design and

decide

Design and

decide

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Sales development by geographyOrganic growth, 2014

Slide 6

Europe

1%

Asia Pacific

10%

Middle East

and Africa

9%

Latin

America

1%

North

America

3%

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Financial results – 2014

Slide 7

Financial performance (SEKm) 2014 2013

Net sales 70 975 63 597

Operating profit 7 801 3 693

Operating margin, % 11.0 5.8

Operating margin excl. one-time items, % 11.7 11.9

Profit before tax 6 668 2 821

Basic earnings per share, SEK 10.10 2.0

Cash flow after investments before financing excl. EU payment 4 693 5 342

Cash flow after investments before financing 1 868 5 342

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New business during 2014

• GE Aviation and Safran Group, US & EU Mainshaft and gearbox bearings

• Chongqing Gearbox Co., Ltd, China Bearing sets

• Andritz Hydro, Germany Bearing and sealing solutions

• Mazda, Mexico Wheel bearing units

• Daimler, Germany Wheel hub bearing units

• Geely Automotive, China Transmission selas

• SCA / BillerudKorsnäs, Sweden Condition monitoring

• Hindustan Aeronautics Ltd, India Transmission and rotor bearings

• Bell Helicopter Textron Inc.,USA Elastomeric bearings

Slide 8

© SKF Group Slide 9

New technologies and products launched in 2014

Compact tapered roller

bearing unit for heavy

freight

SKF Mudblock

cassette seals,

MUD 11

SKF

@ptitude

Connect

Floating

piston

Tapered roller bearing unit

for passenger railway

applications

SKF Gear

Bearing

Unit

Electric grease

transfer pump

SKF Wireless

Machine

Condition

Sensor

SKF

Tachometer

SKF Wireless

MicroVibe

SKF Oil

Injection Sets -

THKI series

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R&D – number of patent first filing applications

Slide 10

218 251325

421468 488

0

100

200

300

400

500

2009 2010 2011 2011 2013 2014

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Organizational changes

• Rationalization of Group staff functions

• Merger of two Indsutrial Market business areas

Resulting in a more customer-focused organization, with a

simplified structure and clearer areas of responsibility, as well as

better conditions for organic growth.

13 January, 2020Slide 11

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SKF demand outlook Q1 2015, main business areas

Share of net sales

2014

Industrial

Market60%

Automotive

Market26%

Specialty

Business13%

Total

Q1 2015

vs Q1 2014

+

+/-

+/-

+

Slide 12

Sequential trend

for Q1 2015

© SKF Group 13 January, 2020Slide 13

© SKF Group

Summary

• A very eventful 2014

• Continued investment in R&D and in creating value for our

customers

• More effective and customer-focused organization in place

• The beginning of a very exciting journey

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© SKF Group 13 January, 2020Slide 15

Thank you!