Growing Together Annual Report

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Growing Together Annual Report 8$& THYSSENKRUPPJ>OII;DAHKFF9ECF79J COMPACT ? I Annual Report On November 21, 2005, the Alfried Krupp von Bohlen und Halbach Foundation purchased 15,339,893 treasury shares of ThyssenKrupp ag – equating to 2.98% of the capital stock – from the Company at the market price of €17.44. As a 2004 2005 result of this transaction and the issue of employee shares in and , 2004_2005 ThyssenKrupp ag has sold all the treasury stock purchased from ific Holding ag in May 2003. addition to disposition of unappropriated profit dispositionofunappropriated addition to THEJ> ;GROUP=HEKF?D<?=KH IN FIGURES;I Due to this event, the following data have changed compared with(&& )%(the&& situation* (&&*%(&&+ at the 9^Wd][ 2003/2004 2004/2005 Change balance sheet date and the time the financial statements were drawn up: 9edj_dk_d]ef[hWj_edie\j^[=hekf Continuing operations of the Group EhZ[h_djWa[ c_bb_edÐ ).".() *("+&. )",.+ Order intakeThe Alfried Krupp von Bohlen und Halbach Foundation million as € the largest38,823 stockholder42,508 now 3,685 IWb[i c_bb_edÐ )-")&) *("&,* *"-,' Salesholds 23.58% of the voting rights in ThyssenKrupp millionag (previously € 37,303 20.6%). 42,064 4,761 ;8?J:7 c_bb_edÐ )"&), )"*+( *', EBITDA million € 3,036 3,452 416 ;8?J ;VXihVcY[^\jgZh# c_bb_edÐ '",.) ("&&' )'. EBIT The free float is reduced from 79.4% to 76.4% million € 1,683 2,001 318 <gdl^c\id\Zi]Zg ;8J_dYec[\hecYedj_dk_d]eÆi]nhhZc`gjeeXdbeVXiÇf[hWj_ediX[\eh[jWn[i XdciV^chVaai]ZcjbWZgh[dg EBT (income from continuing operations before taxes WdZc_deh_jo_dj[h[ij i]Z'%%)T'%%*[^hXVanZVg#>[^iÈhcdi]ZgZ!ndjXVcYdlcadVYc_bb_edÐ '"*-- '".), )+/ and minorityThe number interest) of shares eligible for dividend distribution million for € fiscal 2004/20051,477 is1,836 increased 359 6ccjVaGZedgi'%%)T'%%* H[jkhded[gk_jo\hecYedj_dk_^iVilll#i]nhhZc`gjee#Xdbd]ef[hWj_ediX[\eh[jWn[i ReturnWdZby con_deh 15,339,893equity_jo_dj[h[ij (from continuing from 499,149,151 operations before to taxes 514,489,044 shares '-$- (&$/ )$( and minority interest) % 17.7 20.9 3.2 ;cfbeo[[iI[fj[cX[h)& '-*"&+, '.)"-(/ /",-) EmployeesThe Executive (September Board 30) and Supervisory Board will therefore propose174,056 to the Annual183,729 General 9,673 Meeting that the unappropriated profit of ThyssenKrupp ag be used as follows: =hekf_dYb$Z_iYedj_dk[Zef[hWj_edi Group9edieb incl._ZWj[Z discontinuedd[j_dYec[ operations c_bb_edÐ /&* '"&'/ ''+ €411,591,235.20 to pay a dividend of €0.70 plus a special dividend of €0.10 per Consolidated;Whd_d]if[h neti^Wh[ income million Ѐ '$904.' (1,019$&+ &$(*115 eligible share. Earnings:_ijh_X kperj_ed share c_bb_edÐ € (//1.81 )//2.05 '&&0.24 Distribution:_l_Z[dZf [hi^Wh[Ðmillion € 299 &$.399*& &$(100& €36,825,768.10 to be appropriated to other retained earnings &$,& DividendD[jYWi^ perf helshare_Z[Z Xoef[hWj_d]WYj_l_j_[i c_bb_edЀ ("++/0.60 ("'.)0.80* Å)-,0.20 2,183 – 376 Net9The Wcashf_jWb originallyprovided[nf[dZ_jk byh[i proposedoperating activities distribution amount of €399,319,320.80 cmillion_bb_edÐ € is '"-)*increased2,559 by'".+. '(* CapitalHE9;€12,271,914.40 expenditures to €411,591,235.20. Correspondingly, million the € planned1,734'( carryforward$& '+1,858$& of )$&124 ROCE;L€12,271,914.407 no longer applies. c_bb_edÐ % +-(12.0 '"&15.0.- +'+3.0 EVAD[j\_dWdY_WbfWoWXb[i cmillion_bb_edÐ € (".))572 1,087Å/ Å(".*(515 NetI ThejeYa^ebZ[hifinancial payout payablesÊ[g ratiok_jo is 45% of the net income of ThyssenKruppc million_bb_edÐ €ag (instead.")(-2,833 of 43%)."--' or– 940% of– 2,842*** Stockholders’=consolidated[Wh_d] equity net income (instead of 39%). million € 8,327)*$& Å8,771&$' Å)*$444' Gearing FhefeiWbjej^[7ddkWb=[d[hWbC[[j_d]1_dYb$if[Y_WbZ_l_Z[dZe\ Ð &$'& % 34.0 – 0.1 – 34.1 * ProposalDej[07 toYYe thek djAnnual_d]Wj Generalj^[ J ^Meeting;oii[dA incl.hkff special =hekf_ dividendi_dWYYehZWdY[ of €0.10 m _j^ki]WWf$ LWh_ekicW`ehZ_ifeiWbi_dj^[(& & )%(& & * WdZ(& & *%(& & + \_ iYWb o[Whi^Wl[_cfWYj[Zj^[a[o_dZ_YWjehi$ Note: Accounting at the ThyssenKrupp Group is in accordance with us gaap. Various major disposals in the 2003/2004 and 2004/2005 fiscal years have impacted the key indicators. As at December 01, 2005 I]nhhZc@gjee^hgZegZhZciZY^cbdgZi]Vc,%Xdjcig^Zh#6hVeVgicZg 8$' ldg`^c\l^i]di]ZgeVgicZgh!I]nhhZc@gjee^h]Zae^c\h]VeZ i]ZbVg`Zihd[i]Z[jijgZ^ci]ZhZXdjcig^Zh!bV`^c\jhZd[Zm^hi^c\ \gdli]ediZci^VaVcYXgZVi^c\cZldeedgijc^i^Zh[dg\gdli]# <gdl^c\id\Zi]Zg# <GDHH9DB:HI>8EGD9J8I'%%*^c 3&% 3, 3* 3( 3 & 1 & THYSSENKRUPP COMPACT I THE GROUP IN FIGURES 2003/2004 2004/2005 Change Continuing operations of the Group Order intake million € 38,823 42,508 3,685 Sales million € 37,303 42,064 4,761 EBITDA million € 3,036 3,452 416 EBIT million € 1,683 2,001 318 EBT (income from continuing operations before taxes and minority interest) million € 1,477 1,836 359 Return on equity (from continuing operations before taxes and minority interest) % 17.7 20.9 3.2 Employees (September 30) 174,056 183,729 9,673 Group incl. discontinued operations Consolidated net income million € 904 1,019 115 Earnings per share € 1.81 2.05 0.24 Distribution million € 299 399* 100 Dividend per share € 0.60 0.80* 0.20 Net cash provided by operating activities million € 2,559 2,183 – 376 Capital expenditures million € 1,734 1,858 124 ROCE % 12.0 15.0 3.0 EVA million € 572 1,087 515 Net financial payables million € 2,833 – 9 – 2,842 Stockholders’ equity million € 8,327 8,771 444 Gearing % 34.0 – 0.1 – 34.1 * Proposal to the Annual General Meeting; incl. special dividend of €0.10 Note: Accounting at the ThyssenKrupp Group is in accordance with us gaap. Various major disposals in the 2003/2004 and 2004/2005 fiscal years have impacted the key indicators. II THYSSENKRUPP IN BRIEF ThyssenKrupp is a global concern with business activities focused on the areas of Steel, Capital Goods and Services. We have some 184,000 employees in more than 70 countries developing products and services to meet the challenges of the future. In all six segments – Steel, Stainless, Automotive, Technologies, Elevator and Services – they provide high-quality solutions to people’s needs and our customers’ requirements. STEEL CAPITAL GOODS SERVICES Steel Stainless Automotive Technologies Elevator Services III THYSSENKRUPP WORLDWIDE ThyssenKrupp has a strong position on the international markets. 67% of the Group’s sales are to customers outside Germany – primarily in countries of the eu and the nafta region. One out of two employees are based at one of our foreign locations. The targeted expansion into the markets of the future is being continued. The main focus is on the regions of Southeast Asia, Latin America, Central and Eastern Europe, where ThyssenKrupp is systematically exploiting major growth opportunities. SALES EMPLOYEES COMPANIES Worldwide Worldwide Worldwide €42 billion 183,729 employees 670 companies 100% 100% 100% Europe Europe Europe €27 billion 129,359 employees 466 companies 64% 70% 70% Germany Germany Germany €14 billion 86,104 employees 243 companies 33% 47% 36% IV FINANCIAL DATES Important dates can also be found in our online financial calendar: www.thyssenkrupp.com/en/investor/finanzkalender.html If you’d like to be kept up-to-date with news about ThyssenKrupp, subscribe to our newsletter at www.thyssenkrupp.com/en/newsletter/index.html January 27, 2006 Annual General Meeting January 30, 2006 Payment of dividend for the 2004/2005 fiscal year February 13, 2006 Interim report 1st quarter 2005/2006 (October to December) Conference call with analysts and investors May 12, 2006 Interim report 2nd quarter 2005/2006 (January to March) May 15, 2006 Analysts’ and investors’ meeting August 11, 2006 Interim report 3rd quarter 2005/2006 (April to June) Conference call with analysts and investors Dezember 01, 2006 Annual press conference Analysts’ and investors’ meeting January 19, 2007 Annual General Meeting ThyssenKrupp ag August-Thyssen-Strasse 1 40211 Düsseldorf Germany www.thyssenkrupp.com Annual Report On November 21, 2005, the Alfried Krupp von Bohlen und Halbach Foundation purchased 15,339,893 treasury shares of ThyssenKrupp ag – equating to 2.98% of the capital stock – from the Company at the market price of €17.44. As a 2004 2005 result of this transaction and the issue of employee shares in and , 2004_2005 ThyssenKrupp ag has sold all the treasury stock purchased from ific Holding ag in May 2003. addition to disposition of unappropriated profit disposition of unappropriated addition to Due to this event, the following data have changed compared with the situation at the balance sheet date and the time the financial statements were drawn up: The Alfried Krupp von Bohlen und Halbach Foundation as the largest stockholder now holds 23.58% of the voting rights in ThyssenKrupp ag (previously 20.6%). The free float is reduced from 79.4% to 76.4% The number of shares eligible for dividend distribution for fiscal 2004/2005 is increased by 15,339,893 from 499,149,151 to 514,489,044 shares The Executive Board and Supervisory Board will therefore propose to the Annual General Meeting that the unappropriated profit of ThyssenKrupp ag be used as follows: €411,591,235.20 to pay a dividend of €0.70 plus a special dividend of €0.10 per eligible share. €36,825,768.10 to be appropriated to other retained earnings The originally proposed distribution amount of €399,319,320.80 is increased by €12,271,914.40 to €411,591,235.20. Correspondingly, the planned carryforward of €12,271,914.40 no longer applies. The payout ratio is 45% of the net income of ThyssenKrupp ag (instead of 43%) or 40% of consolidated net income (instead of 39%). As at December 01, 2005 ThyssenKrupp ag August-Thyssen-Strasse 1 40211 Düsseldorf, Germany www.thyssenkrupp.com TK 360e 1.12.11.05 DP Letter to stockholders I This Annual Report informs you about your Company’s most successful fiscal year since the merger in 1999.
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