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Charts on Q2 FY 2019/20 Facts & Figures Ticker: TKA (Share) TKAMY (ADR ) May 2020
Charts on Q2 FY 2019/20
Ticker: TKA (Share) TKAMY (ADR )
| May 2020•In already challenging trading conditions for Steel Europe and Automotive Technology pandemic with clear impactnewtk progressing –but: Pandemic with clear impact on operations and financials already in Q2
•Automotive Technology SP: Site closure in Germany and reduction of 490 FTE decided
•Steel Europe Headcount reduction under Strategy 20 -30 started (up to 3,000 FTE); HP: Sell or Close until end of FY21
•Corporate Headquarters 177 FTE carried to transfer company, confirming targeted headcount reduction to 430
•Elevator Sale Approval by 8/13 merger control authorities obtained (i.e. US, CAN, CN); Closing expected before end of FY
•Plant Technology Best-owner process: indicative offers received from potential strategic buyers
•Results of portfolio assessment will be released post Supervisory Board meeting on May 19th
1. Cash and cash equivalents of €2.5 bnand €2.0 bnavailable committed credit facilities l 2. KfWand bank consortium Group financials
Outlook•High uncertainties: Extent of consequences from pandemic particularly on our auto -related materials and components
businesses not reliably assessable yet
Significant decline of financial KPIs for Q3 and FY expected
•Closing of Elevator sale will lead to a significant uplift in our book value of equity and a net cash position PY
−Order Intake 9,542 10,360
−Sales 10,108 10,638Performance
•Solid financial liquidity of €4.5 bnas of 31.03.1; additionally €1 bnsyndicated loan signed2for flexible access to liquidityPY
−FCF bef. M&A (209) 233
| May 2020Order intake below prior year mainly by components and materials businesses
AT: Challenging car demand conditions and pandemic -induced
demand drops in China and Europe outweighs effects from
ramp -up of new plants and projects at Steering and
IC: Cyclical downturn at Forged Technologies (crankshafts for
heavy duty engines, undercarriages) and pandemic -induced
decline overcompensate good order situation at bearings
ET: Growth in NI and steady service business both in Europe
and US; slower demand in Asia, especially China due to
pandemic ; order backlog (excl. Service) on new record level
PT: Down yoydue to slower customer activity in our Mining
operations; Cement with medium -sized order in Cameroon,
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