SKF Annual General Meeting 2015
Alrik Danielson, President and CEO
SKF – 100 years of innovation
© SKF Group
Slide 2
24 July, 2016
Some of our segments
© SKF Group
Slide 3
24 July, 2016
Some of our segments
© SKF Group
Slide 4
24 July, 2016
Creating and capturing value
Consumer
Create value
Endcustomer
Systems
supplier
SKF
Component
supplier
Materials
supplier
Competitors
Design and
decide
Capture value
© SKF Group
Slide 5
24 July, 2016
Design and
decide
Sales development by geography
Organic growth, 2014
Europe
1%
North
America
3%
Latin
America
1%
© SKF Group
Slide 6
Asia Pacific
10%
Middle East
and Africa
9%
Financial results – 2014
Financial performance (SEKm)
Net sales
Operating profit
Operating margin, %
Operating margin excl. one-time items, %
Profit before tax
Basic earnings per share, SEK
Cash flow after investments before financing excl. EU payment
Cash flow after investments before financing
© SKF Group
Slide 7
2014
2013
70 975
7 801
11.0
11.7
6 668
10.10
4 693
1 868
63 597
3 693
5.8
11.9
2 821
2.0
5 342
5 342
New business during 2014
•
•
•
•
•
•
•
•
•
GE Aviation and Safran Group, US & EU
Mainshaft and gearbox bearings
Chongqing Gearbox Co., Ltd, China
Bearing sets
Andritz Hydro, Germany
Bearing and sealing solutions
Mazda, Mexico
Wheel bearing units
Daimler, Germany
Wheel hub bearing units
Geely Automotive, China
Transmission selas
SCA / BillerudKorsnäs, Sweden
Condition monitoring
Hindustan Aeronautics Ltd, India
Transmission and rotor bearings
Bell Helicopter Textron Inc.,USA
Elastomeric bearings
© SKF Group
Slide 8
New technologies and products launched in 2014
SKF Gear
Bearing
Unit
SKF Wireless
Machine
Condition
Sensor
Tapered roller bearing unit
for passenger railway
applications
Electric grease
transfer pump
SKF
Tachometer
© SKF Group
Slide 9
SKF Wireless
MicroVibe
SKF
@ptitude
Connect
Floating
piston
SKF Mudblock
cassette seals,
MUD 11
Compact tapered roller
bearing unit for heavy
freight
SKF Oil
Injection Sets THKI series
R&D – number of patent first filing applications
500
400
300
421
200
468
488
2013
2014
325
100
218
251
2009
2010
0
© SKF Group
Slide 10
2011
2011
Organizational changes
• Rationalization of Group staff functions
• Merger of two Indsutrial Market business areas
Resulting in a more customer-focused organization, with a
simplified structure and clearer areas of responsibility, as well as
better conditions for organic growth.
© SKF Group
Slide 11
24 July, 2016
SKF demand outlook Q1 2015, main business areas
Share of net sales
2014
Q1 2015
vs Q1 2014
Industrial
Market
60%
+
Automotive
Market
26%
+/-
Specialty
Business
13%
+/-
Total
© SKF Group
Sequential trend
for Q1 2015
Slide 12
+
© SKF Group
Slide 13
24 July, 2016
Summary
• A very eventful 2014
• Continued investment in R&D and in creating value for our
customers
• More effective and customer-focused organization in place
• The beginning of a very exciting journey
© SKF Group
Slide 14
24 July, 2016
Thank you!
© SKF Group
Slide 15
24 July, 2016