ThyssenKrupp AG

ThyssenKrupp AG

ThyssenKrupp AG

Overview
Date Founded

2001

Headquarters

ThyssenKrupp Allee 1, Essen, 45143, DEU

Type of Company

Public

Employees (Worldwide)

159K

Industries

Metal Manufacturing & Products
Other Transportation
Management Consulting
Industrial Machinery & Manufacturing
Other Manufacturing
Auto Parts & Tires

Company Description

ThyssenKrupp AG engages in the production of steel. It operates through the following segments: Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe, and Corporate. The Components Technology segment offers components for the automotive, construction, and engineering sectors as well as for the wind turbines. The Elevator Technology segment constructs and modernizes elevators, escalators, moving walks, stair and platform lifts, and passenger boarding bridges; and installation. The Industrial Solutions segment is an international supplier in special and large-scale plant construction as well as naval shipbuilding. The Materials Services segment distributes materials and provides complex technical services for the production and manufacturing sectors. The Steel Europe segment involves in the flat carbon steel activities such as materials solutions and finished parts. The Corporate segment refers to the head office; and the performance of processes in accounting, information technology, real estate and human resources, as well as special units for the management of the real estate operations. The company was founded on March 17, 1999 and is headquartered in Essen, Germany.

Executives & Employees

Chief Executive & Financial Officer

Chief Executive Officer, Business Area Steel Europe

Chief Information Officer

Chief Executive Officer-Materials Services

Head, Personnel

Chief Executive Board-Components Technology

Legal & Compliance

Chief Executive Officer-Asia Pacific Region

Head of Corporate Function People Development & Executives Management

Supervisory Board

Former Chief Executive Officer at Henkel Corporation

ThyssenKrupp AG

Chief Executive Officer at Deutsche Lufthansa AG

Former Chief Executive Officer at HSBC Trinkaus & Burkhardt AG

Managing Director at Warburg Pincus LLC

Industrial Advisor at EQT Partners AB

Industrial Partner for Chemicals at Rantum Capital Management GmbH

Former Chief Executive Officer at The Royal Bank of Scotland Plc (Germany)

Partner & Director at Cevian Capital AG

Member-Administration Board at AKAFÖ Akademisches Förderungswerk A.ö.R.

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Owners & Shareholders
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Cevian is an activist manager which focuses on 'bona fide, fundamental improvements'. They have been called 'astute agitators for change' and invests for the long term in listed Nordic shares, targeting undervalued, under-researched or out-of-favor companies. The firm acquires significant stakes, seeks board representation and exercises ownerships rights to unlock value. They aim to reorient corporate governance and strategy, exploit growth opportunities, improve operational efficiency, optimize capital structure or initiate restructuring at the corporate or financial level.Cevian constructs concentrated portfolios, maintains a strong commitment to each investment, and pursues 'constructive, pragmatic and fact-based dialogue' with their portfolio companies, emphasizing the importance of quality financial reporting.The firm's proprietary due diligence process includes comprehensive financial, commercial, operational and legal analysis. Public information is supplemented with an extensive program of interviews, covering the company's customers, suppliers, competitors, ex-employees, current management and directors. Third-party consulting firms take part in the process.

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Franklin Mutual Advisers (FMA) invests mainly in equity and convertible securities that they believe are available at market prices less than their intrinsic value. Using a value-oriented strategy, each of the firm's funds invests mainly in undervalued stocks that are trading at a discount to their intrinsic value. To a lesser extent, their funds also invest in restructuring or distressed companies. FMA's funds are not limited to pre-set maximums governing the size of the companies in which they may invest. However, the funds invest primarily in mid/large-cap companies.FMA employs a research driven, fundamental value strategy for each of their funds. In choosing equity investments, the firm focuses on the market price of a company's securities relative to their evaluation of the company's asset value, including an analysis of book value, cash flow potential, long-term earnings and multiples of earnings of comparable securities of both public and private companies. Each investment is analyzed separately and there are no set criteria as to specific value parameters, asset size, earnings or industry type.

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EdRAM is an active, long-term manager which focuses on consistency and follows a blend of opportunistic, growth and value investment styles. Their investment approach is conviction-based with limited attention paid to specific benchmarks. They select securities based on a bottom-up approach supported by in-house fundamental research.The firm manages portfolios invested in equity and convertible bonds as well as balanced funds. They invest the bulk of their assets in European equity complemented with Asian and emerging market equity as well as marginal investments in US and global stocks. Convertible bonds represent a minor proportion of their portfolio.EdRAM follows a value-oriented approach when investing in unlisted equity, stocks offering high dividends and in regions such as Latin America, Eastern Europe, the Middle East and Africa. A growth-oriented approach is applied in countries such as India and China; in special situations including French and European midcaps; and in thematic investments in sectors such as health and TMT.The firm follows a core/satellite approach primarily in Europe and Japan, seeking shorter-term investment opportunities in special situations such as mergers and acquisitions, takeovers, restructurings and small- to mid-cap companies.

Recent Transactions
Details Hidden

Ternium SA purchases Ternium Brasil Ltda from ThyssenKrupp AG resulting in a new company Ternium Brasil Ltda.

Details Hidden

ThyssenKrupp AG purchases ATLAS Elektronik GmbH from Airbus SE

Details Hidden

ThyssenKrupp AG, Ternium Brasil Ltda purchase Odebrecht Utilities SA /2 Subs from Odebrecht Utilities SA

Transaction Advisors
Accountant

Advised onHP, Inc. purchases Triaton GmbH from ThyssenKrupp AG

Investment Advisor

Advised onSanwa Holdings Corp. purchases Novoferm GmbH from ThyssenKrupp AG

Investment Advisor

Advised onLG GP Holding III LLC, Lindsay Goldberg Vogel GmbH purchase VDM Metals GmbH from ThyssenKrupp AG

Attorney

Advised onOutokumpu Oyj /Private Group purchases Outokumpu Oyj from ThyssenKrupp AG

Legal Advisor

Advised onThyssenKrupp AG purchases Lift & Engineering Services Ltd.

Legal Advisor

Advised onArcelorMittal SA, Nippon Steel & Sumitomo Metal Corp. purchase Thyssenkrupp Steel USA LLC from ThyssenKrupp AG

Advisors & Consultants
Legal Advisor

Partner at Burr & Forman LLP

Advisor

Professional at JanTratnik Consulting

Legal Advisor

Partner at McCarthy Tetreault LLP

Clients

With 100 million tonnes of annual production capacity and 260,000 employees across 60 countries, ArcelorMittal is the world’s leading steel and mining company. We are the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading research and development and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in more than 22 countries spanning four continents, the company covers all of the key steel markets, from emerging to mature

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive and Financial Services. The Automotive segment engages in designing, manufacturing, marketing and servicing of Ford cars, trucks, SUVs, and electrified vehicles, as well as Lincoln luxury vehicles. The Financial Services segment consists of Ford Credit, which offers automotive financing products to and through automotive dealers. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks, and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

Key Stats and Financials As of 2017
Market Capitalization
$12.8B
Total Enterprise Value
$16.6B
Earnings Per Share
$-1.6
Revenue
$41.4B
Net Profit
$-905M
EBITDA
$2B
EBITDAMargin
4.82%
Total Debt
$7.26B
Total Equity
$3.4B
Enterprise Value Sales
0.4x
Enterprise Value EBITDAOperating
8.29x
TEVNet Income
-18.29x
Debt TEV
0.44x
Three Year Compounded Annual Growth Rate Of Revenue
0.12%
Five Year Compounded Annual Growth Rate Of Revenue
0.65%
Investments
Details Hidden

ThyssenKrupp Marine Systems AG provides ship building and other related services. It also offers naval surface vessels, such as frigates, corvettes, patrol vessels, auxiliaries; develops and integrates submarine systems and equipment. The firm provides spare parts, engineering advice, surveys, ship repair and modernization programs, as well as expertise for infrastructure related services to operate own maintenance sites, facilities, procedures, machines and tools. The company was founded in 1838 is headquartered in Kiel, Germany.

Suppliers
New World Resources Plc Coal | Amsterdam, NH

New World Resources Plc operates as a holding company, which produces coking and thermal coal for the steel and energy sectors in Central Europe through its subsidiary OKD. The company was founded on March 30, 2011 and is headquartered in Amsterdam, Netherlands.

Vallourec SA Metal Manufacturing & Products | Paris, IF

Vallourec SA engages in the production of tube products and steel fabrication. It offers a wide range of tubes for petrochemical installations for mechanical engineering applications, automotive industry, construction and various other industrial sectors. The company operates through the two segments: Seamless Tubes and Specialty Products. The Seamless Tubes segment covers all the entities with production and marketing plant dedicated to the group's main activity, the production of hot-rolled seamless carbon and alloy steel tubes, both smooth and threaded, for the oil and gas industry. The Specialty Products segment activities include the production of stainless steel and titanium tubes as well as specific forming and machining activities. Its business activities include oil and gas, power generation, industrial applications, and other energy markets. The company was founded in 1899 and is headquartered in Paris, France.

Progress-Werk Oberkirch AG Auto Parts & Tires | Oberkirch, BW

Progress-Werk Oberkirch AG develops and manufactures metal components and subsystems in lightweight construction for automotive safety and comfort. It operates within its product areas; these include mechanical components for electrical and electronic applications, windshield wipers and electric window units as well as housings for electronic control devices and parts for electrical drives. The second product area includes safety components for airbag and steering systems as well as for seat structures, seat adjustment units and seat locking systems. The third product area includes structural components for vehicle bodies and chassis, heat shields, cross-members, running gear components and accumulators for air suspension systems. Progress-Werk Oberkirch was founded in 1919 and is headquartered in Oberkirch, Germany.

Competitors
ArcelorMittal SA Metal Manufacturing & Products - Luxembourg, LU

With 100 million tonnes of annual production capacity and 260,000 employees across 60 countries, ArcelorMittal is the world’s leading steel and mining company. We are the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading research and development and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in more than 22 countries spanning four continents, the company covers all of the key steel markets, from emerging to mature

Fluor Corporation Engineering, Construction & Architecture - Wilmington, DE

Fluor is a FORTUNE 500 company that delivers engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients in diverse industries around the world. For nearly a century, clients have selected Fluor as their company of choice to complete challenging projects in remote parts of the world. Founded as a construction company in 1912, Fluor quickly built a reputation for applying innovative methods and performing precise engineering and construction work within the emerging petroleum industry. Today, Fluor continues to develop and implement innovative solutions for complex project issues in diverse industries, including chemicals and petrochemicals, commercial and institutional (C&I), government services, life sciences, manufacturing, mining, oil and gas, power, renewable energy, telecommunications, and transportation infrastructure

Glencore Plc Non-Energy Mining & Minerals - St. Helier, JE

Glencore Plc produces and markets metal, mineral & energy and agricultural commodities. Its products include copper, zinc, lead, nickel, ferroalloys, aluminum, iron ore, coal, and oil. The company operates through following segments; Metals and Minerals, Energy Products and Agriculture Products. The Metals and Minerals segment produces zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt and iron ore. The Energy Products segment provides crude oil, oil products, steam coal and metallurgical coal. The Agriculture Products segment produces wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton and sugar. Glencore was founded in 1974 and is headquartered in Baar, Switzerland.