Automotive Systems Presse- und Finanzanalystenreise 24./25.09.03 - PowerPoint PPT Presentation

Automotive Systems Presse- und Finanzanalystenreise 24./25.09.03 Erwin Stoller CEO, Rieter Automotive Systems

Agenda Geschäftsgang 01 Strategie 02 Ausblick 03 Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 2 Rieter Automotive Systems

Automotive Systems Change • Sales in local currencies flat against 1-6 vs. 1-6/2002 a market drop of 3% in main markets 2003 in % mio CHF • JV Rieter Saifa adds 35.1 mio CHF Sales 939.2 –4 to sales EBITDA 85.2 –22 - in % of CO 1 9.2 • EBITDA margin down to 9.2%, EBIT 40.3 –39 but still above peer levels - in % of CO 1 4.4 Capex 42.4 –6 • 2 new North American plants Depreciation 43.2 3 and lower capacity use in most Employees 8701 7 markets cause lower margins • 306 additional employees from 1 Corporate Rieter Saifa Output: 925.8 Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 3 Rieter Automotive Systems

Automotive Systems First Half Year Sales Car Production Other First half year 92 USA Belgium 41 10% 261 vs. 4% in 1'000 units 1–6 2003 1–6 2002 Sweden 43 (-21%) 34% 5% Spain 48 Western Europe 7613 –2.0% 3% North America 8294 –3.9% Canada 5% 47 14% 6% Forecast full year 2002 Great 10% Britain France 11% 80 (+33%) 131 2003 % change in mio units (-20%) forecast vs 2002 Italy Germany 96 (-6%) 100 (-9%) Western Europe 16.2 –2.4% North America 15.6 –3.6% 2003: 939 mio CHF –4% Eastern Europe 3.0 7.0% Latin America 1.9 0.0% (in local currencies (+4%) Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 4 Rieter Automotive Systems

Automotive Systems: Sales by Customers 3 biggest accounts: Ford, GM, PSA Citroen C3 / Pluriel 2002: New models Daimler- Truck Chrysler Renault Others 7% 10% (without Nissan) Volvo XC90 Mini 4% 7% PSA BMW 9% 7% FIAT 7% 8% Toyota GM Trailblazer Rolls-Royce Phantom 8% 14% Honda GM/ 14% 5% Opel & Saab Ford/ VW Toyota Camry PAG 2002: 1848 mio CHF Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 5 Rieter Automotive Systems

Agenda Geschäftsgang 01 Strategie 02 Ausblick 03 Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 6 Rieter Automotive Systems

Rieter Group: Values and Principles Comfort thanks to Rieter Delight Enjoy Fight your your for Customers Work Profits Rieter is a publicly-listed Swiss industrial group providing inno- vative solutions to the global textile and automotive industries. Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 7 Rieter Automotive Systems

Automotive Systems: Sales 2002 per Customer DaimlerChrysler 6.8% Chrysler Truck Mercedes 2.2% 5.7% 4.6% 9.9% Rover 0.8% Renault BMW 6.8% 3.7% Nissan 2% FIAT PSA 8% 8.7% 22.3% other Japanese 1.9% GM/ Opel & Saab Toyota 14.3% 7% Honda VW/Audi 8.1% 4.6% PAG Non Auto Ford 5.9% 3.8% 7.7% 13.6% 2002: 1848 million CHF Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 8 Rieter Automotive Systems

Innovation and Integration Capabilities ... ... of Acoustics Suppliers Acoustic Supplier Acoustic Integrators Acoustic System Specialists Total Sales € 2.9 Mrd Total Sales € 1.3 Mrd Innovation competence Stankiewicz Carcoustics Rieter Borgers AKsys HP Pelzer Treves Collins & Aikman Magna Ideal Lear Johnson Dura Controls Faurecia Supplier of Acoustic Components Interior System Integrators Total Sales € 1.0 Mrd Total Sales € 44.5 Mrd - + Integration competence Source: Mercer Analysis 2002 Only Europe Global Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 9 Rieter Automotive Systems

Our three core competencies - success factors ACOUSTICS COMFORT COSTS COMPETITIVENESS THERMAL DESIGN AND ENGINEERING Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 10 Rieter Automotive Systems

Total vehicle approach - maximising customer value Cross Vehicle Under Floor Trunk Interior Floor Interior Engine Headliners &Trim Compartment Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 11 Rieter Automotive Systems

Innovation as the key to winning new projects TM principle RIETER ULTRA LIGHT Until 1999: INSULATION NOISE ABSORPTION Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 12 Rieter Automotive Systems

An innovative idea that changed the market - 32 kg - 23 kg - 23 kg - 15 kg - 22 kg 20 cars are in the market with a weight saving of - 17 kg up to 50% of the sound package - 19 kg - 15 kg RIETER ULTRA LIGHT TM - 17 kg - 19 kg RIETER ULTRA LIGHT TM Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 13 Rieter Automotive Systems

Innovating the last frontier: Underfloor Today Tomorrow COMPONENTS MODULE The module is better than the sum of its parts! Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 14 Rieter Automotive Systems

Underfloor module - a new market ! Comfort Better acoustics and thermal managment Costs Less air resistance - increased fuel efficiency Market drivers: Competitiveness EU regulations ELV Better performance - brand enhancement CAFE Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 15 Rieter Automotive Systems

The trend towards underfloors Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 16 Rieter Automotive Systems

Rieter Group: Values and Principles Comfort thanks to Rieter Delight Enjoy Fight your your for Customers Work Profits Rieter is a publicly-listed Swiss industrial group providing inno- vative solutions to the global textile and automotive industries. Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 17 Rieter Automotive Systems

International Learning Program (ILP) Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 18 Rieter Automotive Systems

16th Rieter Automotive Conference, KKL, Lucerne “Design for Acoustic Excellence” • 200 attendees, • All major OEMs • Innovation in Acoustics &Thermal • Product innovation • Large exhibition • KKL, Lucerne, 4-6 June, 2003 Event will be repeated: • in Detroit, USA, 25 September 2003 • in Tokyo, Japan, 4 November 2003 Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 19 Rieter Automotive Systems

Ferrari/Maserati Award Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 20 Rieter Automotive Systems

Rieter Group: Values and Principles Comfort thanks to Rieter Delight Enjoy Fight your your for Customers Work Profits Rieter is a publicly-listed Swiss industrial group providing inno- vative solutions to the global textile and automotive industries. Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 21 Rieter Automotive Systems

Automotive Systems: Sales Development 1994–2002 CHF million 2000 + 10% + 4% - 3% + 14% + 1% 1750 + 25% 1500 1250 + 39% 1000 + 41% 750 500 250 0 1994 1995 1996 1997 1998 1999 2000 2001 2002 Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 22 Rieter Automotive Systems

Full Service Supplier for new Ford Mondeo HP Pelzer C&A Ilbruck Seeber - side walls Gundernhausen Accessory - foam pads - side Heckmondwike - wagon loadfloor Mats - wagon loadfloor - wagon airduct - Dash Inner - wagon airduct Roll carpet in tuft - Fender and non woven - Wagon Load Floor insulator - Wagon Spare Wheel cover - Wagon Spare Wheel insulator - 4 & 5 door loadfloor Sommer Allibert - Gear Shift Insulator - interior carpet 5 door package - manages all tier 2 parts tray Genk Weert Ford Genk - 4 door package tray Bebra - bonnet liner Thermoplastic felt for - dash outer insulation the interior carpet - tunnel insulation - dampers - instrument panel insulation Dieppe Ons-en-Bray Moissac La Chapelle - crash pads Magnetic Damper - 4 door decklid (Trunk) - expandables - trunk spacer - wheelhouse liner (sealants) - undershield Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW Rieter Automotive Systems

“riealize” - Program for “Continuous Improvement” Kaizen-Wochen an 30 Rieter Produktions- Standorten weltweit Erfolg messen und kommunizieren in der Produktion Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 24 Rieter Automotive Systems

Example “riealize” before “riealize” after “riealize” Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 25 Rieter Automotive Systems

LV Production in E. Europe (1’000) Source: DRI 2003.6 2002 2005 2013 Growth p.a. Cz. Rep. 442 475 722 4.6% Poland 311 528 472 3.9% Hungary 139 184 196 3.2% Slovakia 225 240 507 7.6% Sub Total 1’118 1’428 1’897 4.9% OEM Trends: •PSA/Toyota 350k Slovenia 126 129 175 3.1% capacity in Czech Rep. In Turkey 327 645 780 8.2% 2005 Romania 79 113 149 5.9% •PSA 300k plant capacity Sub Total 532 887 1’104 6.9% in Slovakia in 2006 Russia 1’155 1’279 1’651 3.3% •Hyundai/Kia possibly 300 k plant capacity in Other 80 80 1 -34.5% Czech Rep. or Slovakia •Renault/Dacia Total 2’885 3’673 4’653 4.4% Restructuring in Romania, Russia, India Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW Rieter Automotive Systems

Agenda Geschäftsgang 01 Strategie 02 Ausblick 03 Presse- und Analystenreise 2003 24./25.09.03 / Sto/JW 27 Rieter Automotive Systems