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Future Technology. Thyssenkrupp Annual Report 2003 2004

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Future Technology. Thyssenkrupp Annual Report 2003 2004 C/1 Innovations are essential for a technology-oriented company. Our annual reports reflect various aspects of ThyssenKrupp’s innovativeness. Last time the focus Ideas are soon forgotten if you don’t jot them down. was on the benefits of innovations, this time it’s about the opportunities that lie These notes will help make them stick. Future Technology. ThyssenKrupp in innovations and technology. So you know which ideas the future belongs to. Annual Report 2003_2004 Technology is the driving force of a constantly changing world. Change brings opportunities which ThyssenKrupp is committed to identifying and exploiting by turning ideas into technologies that secure our future. Future Technology. ThyssenKrupp K TK T C/1 Innovations are essential for a technology-oriented company. Our annual reports reflect various aspects of ThyssenKrupp’s innovativeness. Last time the focus Ideas are soon forgotten if you don’t jot them down. was on the benefits of innovations, this time it’s about the opportunities that lie These notes will help make them stick. Future Technology. ThyssenKrupp in innovations and technology. So you know which ideas the future belongs to. 4 Technology is the driving force of a constantly changing world. Change brings 0 Annual Report 2003_2004 0 2 opportunities which ThyssenKrupp is committed to identifying and exploiting _ 3 0 by turning ideas into technologies that secure our future. 0 2 t Future Technology. ThyssenKrupp r o p e R l a u n n A K TK ag TK August-Thyssen-Strasse 1 40211 Düsseldorf, Germany Cover picture: Visitors to the Ideas Park at an exhibit ® www.thyssenkrupp.com T by ThyssenKrupp’s doc surface engineering center C/2 C/3 ThyssenKrupp in brief ThyssenKrupp is a global concern with business activities focused on the areas of Steel, Capital Goods and Services. We have over 184,000 employees in more than 70 countries developing products and services to meet the challenges of the future. In all five segments – Steel, Automotive, Elevator, Technologies and Services – they provide high- quality solutions to people’s needs and our customers’ requirements. ThyssenKrupp in brief The Group in figures What Steel Capital Goods Services Impressions of 2004. Images from the Ideas Park Impressions of 2004. next? Images from the The Ideas Park was held by ThyssenKrupp as part of Germany’s “Year of Technology 2004”. The Ideas Park innovative concept of an interactive experience park fired the interest of a broad public – above all Steel Automotive Elevator Technologies Services children and young people – in technology and science. We hope that the images from the Ideas What next? Park in this report will convey some of the enthusiasm of the 60,000 visitors. The pictures below Curiosity remains the most important prerequisite for progress. Last year it helped us divide the sections of this report. More images and a report from the Ideas Park are contained in develop and implement numerous new ideas and translate them into success. To enable a section starting on page 100. us to exploit future opportunities we are continuously expanding our own strengths and widening our horizons through intelligent alliances – for successes on the world markets and in the 2004_2005 annual report. Stay curious. The Group in figures 2002/2003 2003/2004 Change Staged by ThyssenKrupp and numerous 60,000 visitors flocked to the three-day Ideas Visitors to the Ideas Park were able to explore Continuing operations of the Group partners, the Ideas Park was a completely Park, among them many families with children. by touch the properties of various materials. new interactive experience park. Page 03 Page 23 Order intake million € 35,105 41,017 5,912 Cover picture Sales million € 35,327 39,342 4,015 EBITDA million € 2,455 3,258 803 EBIT million € 958 1,798 840 EBT (income from continuing operations before taxes and minority interest) million € 774 1,580 806 Return on equity (from continuing operations before taxes A paper chase encouraged children to Visitors to the Ideas Park discovered how steel 19.0 and minority interest) % 10.1 8.9 explore technology at the Ideas Park. can be used to make cars lighter in the future. Earnings per share from continuing operations € 1.12 1.77 0.65 Page 51 Page 69 Employees (Sept. 30) 184,157 184,358 201 Group incl. discontinued operations Consolidated net income million € 552 904 352 Earnings per share € 1.09 1.81 0.72 Distribution million € 249 299* 50 Dividend per share € 0.50 0.60* 0.10 Net cash provided by operating activities million € 2,027 2,559 532 Capital expenditures million € 1,604 1,734 130 ROCE % 7.2 12.0 4.8 EVA million € (352) 572 924 Net financial payables million € 4,235 2,833 – 1,402 Stockholders’ equity million € 7,671 8,327 656 Gearing % 55.2 34.0 – 21.2 *Proposal to the Annual General Meeting Note: Accounting at the ThyssenKrupp Group is in accordance with us gaap. Various major disposals in the 2003/2004 fiscal year have impacted the key indicators (see section on “Economic value added management” and the Notes). C/2 C/3 ThyssenKrupp in brief ThyssenKrupp is a global concern with business activities focused on the areas of Steel, Capital Goods and Services. We have over 184,000 employees in more than 70 countries developing products and services to meet the challenges of the future. In all five segments – Steel, Automotive, Elevator, Technologies and Services – they provide high- quality solutions to people’s needs and our customers’ requirements. ThyssenKrupp in brief The Group in figures What Steel Capital Goods Services Impressions of 2004. Images from the Ideas Park Impressions of 2004. next? Images from the The Ideas Park was held by ThyssenKrupp as part of Germany’s “Year of Technology 2004”. The Ideas Park innovative concept of an interactive experience park fired the interest of a broad public – above all Steel Automotive Elevator Technologies Services children and young people – in technology and science. We hope that the images from the Ideas What next? Park in this report will convey some of the enthusiasm of the 60,000 visitors. The pictures below Curiosity remains the most important prerequisite for progress. Last year it helped us divide the sections of this report. More images and a report from the Ideas Park are contained in develop and implement numerous new ideas and translate them into success. To enable a section starting on page 100. us to exploit future opportunities we are continuously expanding our own strengths and widening our horizons through intelligent alliances – for successes on the world markets and in the 2004_2005 annual report. Stay curious. The Group in figures 2002/2003 2003/2004 Change Staged by ThyssenKrupp and numerous 60,000 visitors flocked to the three-day Ideas Visitors to the Ideas Park were able to explore Continuing operations of the Group partners, the Ideas Park was a completely Park, among them many families with children. by touch the properties of various materials. new interactive experience park. Page 03 Page 23 Order intake million € 35,105 41,017 5,912 Cover picture Sales million € 35,327 39,342 4,015 EBITDA million € 2,455 3,258 803 EBIT million € 958 1,798 840 EBT (income from continuing operations before taxes and minority interest) million € 774 1,580 806 Return on equity (from continuing operations before taxes A paper chase encouraged children to Visitors to the Ideas Park discovered how steel 19.0 and minority interest) % 10.1 8.9 explore technology at the Ideas Park. can be used to make cars lighter in the future. Earnings per share from continuing operations € 1.12 1.77 0.65 Page 51 Page 69 Employees (Sept. 30) 184,157 184,358 201 Group incl. discontinued operations Consolidated net income million € 552 904 352 Earnings per share € 1.09 1.81 0.72 Distribution million € 249 299* 50 Dividend per share € 0.50 0.60* 0.10 Net cash provided by operating activities million € 2,027 2,559 532 Capital expenditures million € 1,604 1,734 130 ROCE % 7.2 12.0 4.8 EVA million € (352) 572 924 Net financial payables million € 4,235 2,833 – 1,402 Stockholders’ equity million € 7,671 8,327 656 Gearing % 55.2 34.0 – 21.2 *Proposal to the Annual General Meeting Note: Accounting at the ThyssenKrupp Group is in accordance with us gaap. Various major disposals in the 2003/2004 fiscal year have impacted the key indicators (see section on “Economic value added management” and the Notes). I Letter to stockholders Your ThyssenKrupp stock performed very well in fiscal 2003/2004: the share price rose 36%, clearly outstripping the dax index by almost 17 percentage points. Earnings per share improved to €1.81 from €1.09 a year earlier, allowing us to propose a €0.10 higher dividend of €0.60 to the Annual General Meeting in January 2005. What lies behind these figures? They show two things: firstly, that the Group performed solidly in the past fiscal year, and secondly that the capital market is recognizing this performan- ce. To give you a clearer picture of our work, I will concentrate on three key questions: How did ThyssenKrupp perform? What progress have we made in implementing our corpo- rate strategy and what are our plans for the new fiscal year? What are the priority issues for staff and management? I will concentrate here on the key points; further details can be found elsewhere in this annual report. I would like to start by stating – with a certain degree of pride – that the Group’s em- ployees once again gave their best in 2003/2004 and set themselves high standards.
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