Financial Data and Key Metrics Changes - The company reported a 6% decline in sales compared to the previous year for Q3, and a 9% decline year-to-date [14][18] - Adjusted EBIT for Q3 was €149 million, which included significant negative one-time effects of approximately €80 million related to Decarbon Technologies [15][18] - Free cash flow was reported at minus €256 million for Q3 and minus €983 million year-to-date, influenced by payment shifts and government funding timing [16][19] - The balance sheet remains solid with a stable equity ratio of 39% and net cash unchanged at €3.2 billion compared to the previous year [17] Business Line Data and Key Metrics Changes - Automotive Technology (AT) experienced a 6% decline in top line compared to the previous year, but bottom line development remained stable to slightly positive [19][20] - Decarbon Technologies (DT) saw a 10% increase in top line on a quarterly basis, driven by most businesses, despite a decline in order intake compared to a strong prior year [21][22] - Materials Services (MX) faced subdued demand, but adjusted EBIT was above the prior year due to positive contributions from international supply chain business [23] - Steel Europe (SE) reported a decline in sales and EBIT adjusted down by €90 million compared to the prior year, impacted by low demand and lower spot market prices [24][25] Market Data and Key Metrics Changes - The company noted muted market dynamics and demand across several industries, particularly in automotive, construction, and machinery [18] - The order intake for Decarbon Technologies has been less than expected due to postponed customer decisions, affecting growth momentum [62] Company Strategy and Development Direction - The company is focusing on green transformation, including the establishment of a new segment, Decarbon Technologies, and the development of a DRI plant at Steel Europe [4][9] - A performance program, APEX, is being implemented across businesses to adapt to market needs and improve performance [5][8] - The company is pursuing standalone solutions for Steel Europe and Marine Systems, with ongoing negotiations for joint ventures and restructuring plans [6][7] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging market environment and adjusted full-year guidance due to continued declines in sales [8][29] - The CFO emphasized the need for structural profitability improvements and contingency management in response to market conditions [12][13] - The company expects sales to decline by 6% to 8% compared to the previous year, with adjusted EBIT projected to exceed €500 million [29] Other Important Information - The company is actively working on a joint venture with EPCG for Steel Europe, with negotiations for a 50-50 partnership ongoing [6][31] - The due diligence phase for potential private equity partners in Marine Systems is progressing, with preparations for a spin-off as an alternative [7] Q&A Session Summary Question: Concerns about the timing of structural changes - Management expressed confidence in the ongoing process with KfW and the expected positive outcome in the coming months [30][31] Question: Capital structure for Steel and Marine spin-offs - Management indicated a combination of equity, shareholder loans, and external financing for Steel, while Marine is expected to be self-funded [33][34] Question: Key friction points in Steel Europe discussions - Management confirmed that discussions are ongoing and emphasized the importance of the business planning exercise [36][37] Question: Implications of the going concern audit - Management clarified that the audit is not binding and will provide an independent opinion on the sustainability of the business plan [38][39] Question: Details on the €80 million one-off cost at Polysius - Management explained that the amount relates to incorrect cost accounting and emphasized measures taken to strengthen internal controls [58][60] Question: Dependency of HKM transaction on Steel Europe sale - Management confirmed that the HKM sale and the additional 30% stake negotiations are independent processes [61][62]

Financial Data and Key Metrics Changes - The company reported significant challenges due to a volatile macro environment but managed to navigate the situation effectively [4]. Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines were not provided in the available content [4]. Market Data and Key Metrics Changes - The company acknowledged the impact of the macroeconomic environment on its operations but did not provide specific market data or metrics [4]. Company Strategy and Development Direction and Industry Competition - The management emphasized active management of the current challenges and indicated a focus on strategic initiatives to adapt to the changing environment [4]. Management Comments on Operating Environment and Future Outlook - The management recognized the ongoing challenges posed by the macro environment but expressed confidence in the company's ability to manage these issues [4]. Other Important Information - The conference call included a welcome from the Investor Relations team and an introduction to the CEO and CFO, indicating a structured approach to communication with stakeholders [2][3]. Q&A Session Summary Question: What are the key challenges faced by the company? - The management highlighted the volatile macro environment as a primary challenge but did not provide specific details during the call [4].

Financial Data and Key Metrics Changes - Sales for Q1 2024 were €8.2 billion, a decrease of 9% compared to the previous year, primarily driven by lower spot market prices in the materials businesses [15][20] - Adjusted EBIT for Q1 was €84 million, in line with expectations, but down from the previous year due to lower spot market prices and a temporary decline in Decarbon Technologies [16][21] - Free cash flow before M&A was negative at €531 million, typical for the season, but the company aims for a positive figure in the low three-digit million euro range by year-end [17][30] - Net cash position decreased by €0.4 billion to €3.8 billion, with pension liabilities increasing to €6.1 billion [19] Business Line Data and Key Metrics Changes - Automotive Technology saw a slight increase in adjusted EBIT to €48 million, benefiting from lower material costs but facing higher personnel expenses [23] - Decarbon Technologies experienced a decline in adjusted EBIT by €36 million year-on-year to €17 million, affected by competition and higher costs [24] - Materials Services recorded an adjusted EBIT of €26 million, up €6 million year-on-year, supported by efficiency measures despite weak market demand [25] - Steel Europe’s adjusted EBIT decreased by €21 million to €69 million, impacted by normalization of spot market prices [26] - Marine Systems maintained stability with adjusted EBIT down €2 million to €17 million, focusing on performance improvements [26] Market Data and Key Metrics Changes - The order backlog for Marine Systems stood at €12.7 billion at the end of Q1, indicating a stable demand outlook [26] - The macro environment remains challenging, affecting sales expectations, particularly in the materials businesses [30] Company Strategy and Development Direction - The company is focused on a transformation journey, simplifying its structure to five segments and creating Decarbon Technologies to leverage green technology opportunities [5][8] - The APEX performance program is underway, aiming to stabilize earnings and improve operational performance across segments [8][21] - The company is committed to a proactive role in green transformation, with contracts signed for projects aimed at decarbonizing emission-intensive industries [9][10] Management Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing challenging and volatile macro environment but confirmed that Q1 results were in line with expectations [4][14] - The full-year guidance for adjusted EBIT and free cash flow remains unchanged, with expectations for improved performance in subsequent quarters [29][30] - The company aims to pay a reliable dividend, reaffirming its commitment to shareholder returns [32] Other Important Information - The company has decided not to provide quarterly guidance moving forward, focusing instead on full-year guidance [55][56] - The company confirmed it will meet its €1.5 billion debt maturity due in February, ensuring liquidity is not a concern [62] Q&A Session Summary Question: Could the recent write-down in Steel be a prelude to a disposal? - Management clarified that the write-down was a technical adjustment related to WACC calculations and not indicative of an impending disposal [35][38] Question: What is the timeline for discussions regarding the future of the Steel Europe division? - Management stated that discussions are ongoing with no imposed deadline, focusing on building a new business plan [41][42] Question: What are the biggest factors expected to boost profits in the next nine months? - Management indicated that seasonal patterns typically show improvement in EBIT in subsequent quarters, supported by the APEX program [43][44] Question: What is the current status of annual contract negotiations in Steel Europe? - Management confirmed that contracts have been fixed above spot markets, but specific pricing details were not disclosed [57][58] Question: Is there any concern regarding the ability to repay upcoming debt? - Management confirmed that there are no liquidity issues and the €1.5 billion debt due will be repaid [61][62]

Q1 2023/24 Results Conference Call Ticker: TKA (Share) TKAMY (ADR) February 2024 | Essen engineering.tomorrow.together. Management summary Q1 23/24 Portfolio Performance Green Transformation • Simplified group structure incl. set-up of Decarbon Technologies • Sale of remaining 55% of thyssenkrupp Industries India (DT Polysius) signed • Ongoing talks on stand-alone solutions for SE and MS • Q1 numbers in line with expectations • Full-year guidance confirmed for EBIT adj. and FCF bef. M&A • Focus of the Execu ...

thyssenkrupp AG (OTCPK:TYEKF) Q4 2023 Earnings Conference Call November 22, 2023 6:00 AM ET Company Participants Claus Ehrenbeck - Head of IR Miguel López - CFO Klaus Keysberg - CFO Conference Call Participants Jason Fairclough - Bank of America Bastian Synagowitz - Deutsche Bank Christian Obst - Baader Bank Alain Gabriel - Morgan Stanley Moses Ola - JPMorgan Operator Ladies and gentlemen, welcome to the thyssenkrupp Q4 and Full Year 2022-2023 Results. [Operator Instructions] I will now hand you over to Cla ...

thyssenkrupp AG (OTCPK:TYEKF) Q3 2023 Earnings Conference Call August 10, 2023 5:00 AM ET Company Participants Claus Ehrenbeck - Head of Investor Relations Miguel López - Chief Financial Officer Klaus Keysberg - Chief Financial Officer Conference Call Participants Jason Fairclough - Bank of America Bastian Synagowitz - Deutsche Bank Alain Gabriel - Morgan Stanley Christian Obst - Baader Bank Operator Hello, and welcome to the Interim Report Nine Months 2022-2023 Call. [Operator Instructions] Please note, th ...

Q2 2022/23 Results Conference Call Ticker: TKA (Share) TKAMY (ADR) May 2023 May 2023 | Essen Q3 2022/23 Results Conference Call Ticker: TKA (Share) TKAMY (ADR) August 2023 | Essen engineering.tomorrow.together. Strong foundation to build on to tackle identified challenges CEO's observations after ~10 weeks at thyssenkrupp World-famous brand Leading technology positions Strong ties with long-standing customer base Highly motivated workforce Enabler of the green transformation Solid balance sheet incl. a net ...

thyssenkrupp AG (OTCPK:TYEKF) Q2 2023 Earnings Conference Call May 11, 2023 5:00 AM ET Company Participants Claus Ehrenbeck - IR Martina Merz - CEO Klaus Keysberg - CFO Conference Call Participants Alain Gabriel - Morgan Stanley Jason Fairclough - Bank of America Bastian Synagowitz - DB Dominic O'Kane - JPMorgan Christian Obst - Baader Bank Krishan Agarwal - Citi Operator Ladies and gentlemen, welcome to the thyssenkrupp Conference Call Interim Report First Half Year 2022/2023. [Operator Instructions] I wil ...

Q1 2022/23 Results NEW ST THE I HULLE GO SELVEN I Conference Call ALBUTION CONSULTION CONSULTION CONTR Ticker: TKA (Share) TKAMY (ADR) February 2023 ng. tomorrow. STERES Q1: A confirming start into FY 2022/23 (I) EBIT adj. for all businesses in line with our forecast – FCF bef. M&A ahead of our forecast Normalization of material prices (at Materials Services) drive EBIT adj. development YoY Performance | --- | --- | --- | --- | |---------|---------------------------|-------------------------|--------------| ...

thyssenkrupp AG (OTCPK:TYEKF) Q1 2023 Earnings Conference Call February 14, 2023 5:00 AM ET Company Participants Claus Ehrenbeck - Investor Relations Klaus Keysberg - Chief Financial Officer Conference Call Participants Ingo Schachel - Exane BNP Paribas Jason Fairclough - Bank of America Bastian Synagowitz - Deutsche Bank Alain Gabriel - Morgan Stanley Tom Zhang - Barclays Rochus Brauneiser - Kepler Cheuvreux Operator Ladies and gentlemen, welcome to the thyssenkrupp Conference Call Interim Report First Qua ...