Transcript Document

SKF Automotive
SKF Capital Markets Day ● 10 September 2014
© SKF Group
SKF Automotive speakers
• Tryggve Sthen
President
• Ulrich Selig
Director,
Automotive Asia
• Luc Graux
Director,
Manufacturing &
Demand Chain
© SKF Group
Agenda SKF Automotive
• Market update
• Way ahead
• SKF Automotive strategy
• Growth
• Cost reductions
• Summary
• Key business message
• Q&A
© SKF Group
Market update
© SKF Group
Customer segments
Cars
© SKF Group
CMD 2014
Trucks
Two wheelers
Vehicle
aftermarket
Other
Light vehicle production
2014 full year forecast
Total growth
2014/2013: +4.6%
Values in K units
+4.6 %
48000
40000
2009
32000
2010
24000
+5.2 %
2011
+4.5 %
16000
2012
2013
8000
2014
fcast
0
W.Europe
Source: IHS August 2014
© SKF Group
CMD 2014
N.America
Asia
Truck production (GVW>6t)
2014 full year forecast
Total growth
2014/2013: +2.1%
Values in K units
+2.6%
2,000
1,800
1,600
1,400
2009
1,200
2010
1,000
800
2011
+11.5%
2012
-10.2%
600
400
2013
200
2014
Fcast
0
W.Europe
Source: LMC Report Q2 2014
© SKF Group
CMD 2014
N.America
Asia
Two wheeler production
2014 full year forecast
Total growth
2014/2013: +5%
Values in K units
30,000
2009
25,000
+4%
2010
20,000
2011
15,000
+9%
10,000
2012
0%
5,000
2013
0%
2014
0
W.Europe
L.America
Source: Frost & Sullivan and others, July 2014
© SKF Group
CMD 2014
India
Indonesia
Business result
Sales development
20,0
Operating margin
YoY: 2%
18,0
SEK billion
16,0
14,0
8,1
8,7
12,0
YoY: 5%
10,0
8,0
9,0
8,8
9,2
2012
2013
2014 H1
2,0
0,0
© SKF Group
CMD 2014
2013
2014 H1
2.2%
4.0%
4.8%
Excl. one time costs
6,0
4,0
2012
The way ahead
© SKF Group
SKF Automotive strategy
Growth
Winning
customers
Robust
supplier
base
Productivity
Cost and
capital
efficiency
Strategic
account
mgmt
Cost reductions
© SKF Group
CMD 2014
Engineering
partner
Aftermarket
Fast
growing
markets
Growth areas
Growth
Strategic
account
mgmt
© SKF Group
CMD 2014
Winning
customers
Engineering
partner
Aftermarket
Fast
growing
markets
Successes
•
•
•
•
Continued strong order intake
Deliveries started from strong order intake 2011/2012
Strategic and engineering partnerships
Customer quality award recognitions
© SKF Group
CMD 2014
GM quality awards for several consecutive years
Solution examples
• Wheel hub bearing units
• Transmission bearings
• Transmission seals
• Engine seals
Supplier of the Year award
•
4 consecutive years
Supplier Quality Excellence award
• Busan, Korea - 2013
• Leverkusen, Germany - 2013
• Cajamar, Brazil – 2013, 2014
• Tortuguitas, Argentina – 2014
• Seneca, USA - 2014
© SKF Group
CMD 2014
Supplier of the Year award 2013
Successful business with Volvo Cars
Solution for XC90 - 2015
• Wheel hub bearing unit gen. 3
Solutions for V40, S60L - 2014
• MacPherson suspension bearing unit
• Wheel hub bearing unit gen. 3
SKF benefits
• Strong reliable engineering partnership
leading to long-term business on new
platform
• Growing volumes
• Quality award recognition
© SKF Group
CMD 2014
Volvo Cars
Quality Excellence Award
SKF Airasca, Italy
Volvo Cars
Mr. Sven-Ole Svensson, Director Global Purchasing
●
●
●
●
●
Low friction solution – reduced fuel consumption
State of the art technology
Global footprint
Competitive value for money
Best supplier - good match
© SKF Group
Successful business with Fiat/Chrysler
Solution for SUV models
• Wheel hub bearing unit gen 3
SKF benefits
• Strong reliable co-operation leading
to more than one billion SEK
agreement for long-term business on
new platform
• Potential for further large businesses
• Growing volumes
• Quality award recognition
Fiat Group Qualitas award
SKF Airasca, Italy
© SKF Group
CMD 2014
Fiat Group
The Fiat Group’s Quality Supplier of the Year Award
recognizes a supplier with high quality products and
support leading to improved vehicle value.
SKF is being recognized for providing an outstanding
quality performance, taken into account high product
complexity and significant production volumes. SKF has
also shown an intense commitment to new developments
within Fiat and FPT platforms.
© SKF Group
Successful business with Hino
Solution
• Tapered roller bearing for
wheel end
SKF benefits
• First TRB for series production to
Japanese truck OEM in 2012
• VSM business increased potential
in Japan and other Asian countries
where Japanese truck OEs have
high market share
• Quality award recognition
Hino Quality award
SKF Lutsk, Ukraine
© SKF Group
CMD 2014
SKF Automotive strategy
Growth
Winning
customers
Strategic
account
mgmt
© SKF Group
CMD 2014
Engineering
partner
Aftermarket
Fast
growing
markets
Launched Automotive NMOs 2010-2014
Wheel
end
Engine
Transmission and
clutch
Suspension
Electrification
© SKF Group
CMD 2014
Steering
Body
SKF BeyondZero Automotive portfolio
Energy efficient solutions to reduce CO2
emissions and fuel/energy consumption.
Electrification
Engine
downsizing
& friction
reduction
Transmission
friction
reduction
Wheel end
friction &
weight
reduction
Mechatronics
© SKF Group
CMD 2014
SKF eDrive Ball
Bearing
SKF Rotor
Positioning Bearing
High pressure valve
stem seal
High pressure valve
stem seals with
lower friction
E2 TRB for truck
final drive
Sealed DGBB
for driveline
High performance
seal for HBU
SKF Bus Door
Actuator
Low friction grease
for hub bearing units
SKF Rotor Positioning
Sensor-Bearing Unit for
traction motors
SKF Low Friction
Engine Seal
Driveline angular
contact ball bearing
Low friction
X-Tracker
SKF StopGo
SKF Turbocharger
Ball Bearing Unit
Ball pinion unit
SKF Low Friction
Hub Bearing Unit
SKF Hybrid
Pinion Unit
SKF Sealed Energy
Efficient deep
groove ball bearing
SKF Low Weight
Hub Bearing Unit
SKF BeyondZero Automotive portfolio development
Sales development
600
Outlook
• Mega trends supporting
efficient use of earth
resources
400
• CO2 legislations
sharpened
200
0
SEKm
© SKF Group
2012
2013
• The market for hybrid
electric vehicles (HEV)
and electric vehicles (EV)
expected to expand
significantly
Hybrid and Electric powertrain
SKF Rotor Positioning Bearing for stop-start
Peugeot 308
Citroen DS3
SKF eDrive Ball Bearing for e-motor
VW e-up!
© SKF Group
CMD 2014
Mercedes-Benz SLS AMG
Successful sealing solution with reduced friction
Efficient transmission sealing solution
•
•
•
•
Enables lower weight design of the transmission
Enhances smoothness in gear shifting
Reduces friction by up to 80%
Unique patented solution
Low friction
bonded piston seal
© SKF Group
CMD 2014
…and several other
major global vehicle
manufacturers…..
Innovations in Engine
Energy recovery bearings
• Leading the way in Formula one improving
fuel efficiency with up to 30%
• Enables high performance in downsized
engines with patented design
Valve stem seals with lower friction
• Enables higher valve train efficiency under
extreme pressure in downsized engines
• Improved and patented design
© SKF Group
CMD 2014
Co2 reduction (g/km)
Meeting CO2 targets and improving mileage
Full electric
Hybrid
Conventional
© SKF Group
CMD 2014
SKF Automotive strategy
Growth
Winning
customers
Strategic
account
mgmt
© SKF Group
CMD 2014
Engineering
partner
Aftermarket
Fast
growing
markets
A world of SKF vehicle aftermarket products
© SKF Group
CMD 2014
Growing assortment
Focus
• Increase SKF content in the box
• SKF branded products
Kit development
More than 7% CAGR
Wheel end
Engine
Driveline
Other (TW, chassis)
No.
of
kits
2009
© SKF Group
2010
CMD 2014
2011
2012
2013
2014
FC
Expanding distribution network
Focus
• Distribution network white spots
• E-commerce
Development
• Growth in Brazil and Mexico
• High speed growing the Asia distributor network
Asian distribution
network development
India
China
(2014/2012)*
(2014/2012)*
SKF distributors
+12%
+42%
SKF retailers
+18%
+43%
*) 2014 June
© SKF Group
CMD 2014
Bosch Service - Brazil
Solutions
• Full aftermarket assortment
Bosch Service
• 1,800 service repair centres
• Largest in Brazil
• SKF / Bosch Service co-marketing
“We are truly happy to have SKF’s aftermarket products in our Service Centers.
Not only do the products fit with our profile, the support SKF and SKF Distributors
offer our garages is what we appreciate highly, as part of our professional service
concept”, says Daniel Angelo, Workshop Concept Manager, Bosch Service
© SKF Group
CMD 2014
Strengthening support to mechanics
Focus
• Establish SKF brand preference
• Utilize Social Media, apps, etc
Activities and objectives
• Closer to garages with training and support
• Mounting instruction videos on YouTube
• Easy access to parts information in app
© SKF Group
CMD 2014
SKF Automotive strategy
Growth
Winning
customers
Strategic
account
mgmt
© SKF Group
CMD 2014
Engineering
partner
Aftermarket
Fast
growing
markets