SKF Annual General Meeting 2015 Alrik Danielson, President and CEO
SKF Annual General Meeting 2015Alrik Danielson, President and CEO
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SKF – 100 years of innovation
13 January, 2020Slide 2
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Some of our segments
13 January, 2020Slide 3
© SKF Group 13 January, 2020Slide 4
Some of our segments
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Creating and capturing value
13 January, 2020Slide 5
Cre
ate
valu
e
Capture value
Materials
supplier
Component
supplier
SKF
Systems
supplier
End-
customer
Consumer
Competitors Design and
decide
Design and
decide
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Sales development by geographyOrganic growth, 2014
Slide 6
Europe
1%
Asia Pacific
10%
Middle East
and Africa
9%
Latin
America
1%
North
America
3%
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Financial results – 2014
Slide 7
Financial performance (SEKm) 2014 2013
Net sales 70 975 63 597
Operating profit 7 801 3 693
Operating margin, % 11.0 5.8
Operating margin excl. one-time items, % 11.7 11.9
Profit before tax 6 668 2 821
Basic earnings per share, SEK 10.10 2.0
Cash flow after investments before financing excl. EU payment 4 693 5 342
Cash flow after investments before financing 1 868 5 342
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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
Slide 8
© SKF Group Slide 9
New technologies and products launched in 2014
Compact tapered roller
bearing unit for heavy
freight
SKF Mudblock
cassette seals,
MUD 11
SKF
@ptitude
Connect
Floating
piston
Tapered roller bearing unit
for passenger railway
applications
SKF Gear
Bearing
Unit
Electric grease
transfer pump
SKF Wireless
Machine
Condition
Sensor
SKF
Tachometer
SKF Wireless
MicroVibe
SKF Oil
Injection Sets -
THKI series
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R&D – number of patent first filing applications
Slide 10
218 251325
421468 488
0
100
200
300
400
500
2009 2010 2011 2011 2013 2014
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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.
13 January, 2020Slide 11
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SKF demand outlook Q1 2015, main business areas
Share of net sales
2014
Industrial
Market60%
Automotive
Market26%
Specialty
Business13%
Total
Q1 2015
vs Q1 2014
+
+/-
+/-
+
Slide 12
Sequential trend
for Q1 2015
© SKF Group 13 January, 2020Slide 13
© SKF Group
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
13 January, 2020Slide 14
© SKF Group 13 January, 2020Slide 15
Thank you!