ThyssenKrupp(TKAMY) - 2020 Q3 - Earnings Call Presentation

Financial Performance & Outlook - Q3 FY 2019/20 order intake for continuing operations was €4793 million, a 42% decrease year-over-year[5,9] - Q3 FY 2019/20 EBIT adjusted for continuing operations was €(679) million, significantly down from €(13) million in the prior year[5] - FY EBIT adjusted is projected to be negative, ranging from €(17) billion to €(19) billion, primarily due to losses in Steel Europe (SE)[6] - FY Free Cash Flow (FCF) before M&A is projected to be negative, ranging from €(50) billion to €(60) billion, including approximately €25 billion for normalization of Net Working Capital (NWC)[6] Strategic Initiatives & Balance Sheet - The sale of Elevator Technology (ET) resulted in a €154 billion net cash position from net debt effect[3,25] - The ET sale also led to an equity uplift of over €14 billion and a reduction of €04 billion in pension liabilities[3,25] - Approximately €25 billion is allocated for normalization of NWC, including factoring, in FY 19/20, mainly in Q4[26] Business Segment Performance - Automotive Technology (AT) experienced a 38% year-over-year decrease in both order intake and sales in Q3, with order intake at €815 million and sales at €842 million[9,13,47] - Steel Europe (SE) saw a 57% year-over-year decrease in order intake in Q3, with order intake at €943 million[9] - Materials Services (MX) experienced a 33% year-over-year decrease in order intake in Q3, with order intake at €2242 million[9] Restructuring & Special Items - Special items reflect a continued focus on restructuring across various business units[23] - Restructuring efforts are underway in System Engineering, South America, and across various businesses[23] Liquidity & Debt - The Elevator transaction significantly increases thyssenkrupp's liquidity in Q4 2019/20[91] - As of June 30, 2020, total gross financial debt was €10078 million[91]