Annual Report 2003 2004

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74 Automotive sees growth potential in Asia, Central and Eastern Europe. Automotive The Automotive segment has continuously expanded its position as a systems supplier, development partner and materials specialist. Virtually every car on the road today features our products. At some 140 locations in 17 countries, we produce customized components, modules and systems for Body, Chassis and Powertrain applications. Sales increased to €7.3 billion. Automotive in figures Order intake million € Sales million € EBITDA million € Income* million € Employees (September 30) * before taxes and minority interest 2002/2003 2003/2004 The Automotive segment has set itself ambitious goals to strengthen its international market position. We aim to build on existing leadership positions, enhance our performance, expand our regional presence, differentiate ourselves further from the competition, and advance our international employee development program. In achieving these goals, the cross-segment material and process capabilities available in the ThyssenKrupp Group play a key role in customer retention. With the acquisition of an interest in Bertrandt, one of Europe's leading engineering specialists, the segment now offers its customers a complete package of technology, development, process and production know-how. This investment permits Automotive to become involved in the development of vehicle models at a very early stage in which 80% of the costs are already defined by the selection of materials and design. We are thus better equipped to meet the increasing market demands for the supply of modules through to complete bodies in white. The reallocation of the Assembly Plant activities from Technologies to Automotive will allow us to utilize synergies in body-in-white assembly equipment and construction. Innovations such as the Presta DeltaValveControl, independent suspension systems for heavy trucks and advances in mechanical and electric steering systems attracted great interest from our automotive customers. All companies made particular progress in the area of weight reduction. The expansion of our Ilsenburg site allowed us to considerably extend our lead in the field of assembled camshafts. Expansion in Asia and Eastern Europe Asia as well as Central and Eastern Europe are among the fastest growing markets in the automobile sector. Automotive aims to further expand its presence in these markets. In China we have joined up with local partners to establish various companies for the production of steering systems and chassis components. Preparations are under way to establish further new companies, e.g. for the production of crankshafts. In addition, we will further intensify our collaboration with Asian automobile manufacturers in their respective local markets and also with their foreign production sites. In view of its medium- and long-term growth potential, we are monitoring very closely the entire region of the eu enlargement countries. The crucial factors for us are the strategy and location decisions of the vehicle manufacturers: “We follow our customers”. Automotive already has two locations in Poland, two in Romania and one in the Czech Republic. Further operations will be added. For example, plans currently under way include the expansion of steering systems production in Poland and shock absorber capacities in Romania, as well as the establishment of a production site for structural components in Slovakia and of crankshaft forging and machining capacities in Eastern Europe. For Russia's growing automobile market, the scope for increasing activities with domestic vehicle manufacturers is likewise being assessed. In addition, we aim to expand our supplies to European vehicle producers in Russia. 6,271 6,295 533 189 41,414 7,424 7,312 644 288 43,491
Technology leader in the global marketplace A further key strategic goal for Automotive is to differentiate itself from the competition. One approach to this is to develop more attractive and innovative products, strengthen process capabilities and establish regional technology centers. The ThyssenKrupp Automotive Innovation Center in Bochum is an example of this. Based on its core competencies and innovative components, the segment also aims to position itself more strongly as a supplier of individual solutions by pooling the know-how of its companies on a project- and customer-focused basis. For a globally active company like Automotive, highly motivated and well-trained staff are essential. Various programs to foster young talent, facilitate international exchanges, further develop and enhance the international competencies of employees and management are therefore key modules of our modern hr development system. As a technology leader, the Automotive segment strives to respond flexibly to changes on the world markets and proactively shape the changing relationship between automobile manufacturers and suppliers. Automotive has the capability to identify new challenges in good time and develop attractive, innovative products and solutions. ThyssenKrupp Automotive will continue to keep the “future in motion”. 75 Business areas and segments Automotive Know-how is pooled for projects and customers.
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Future Technology. ThyssenKrupp Ann
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C/2 ThyssenKrupp in brief ThyssenKr
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I Letter to stockholders Your Thyss
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III Letter to stockholders What are
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03-22 To our stockholders 23-50 Bus
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04 0 To our stockholders In fall 20
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06 Executive Board and Supervisory
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08 Report by the Supervisory Board
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10 The Annual General Meeting re-el
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12 Dr. h.c. Friedel Neuber, member
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14 Executive Board compensation is
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16 Supervisory Board compensation i
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18 ThyssenKrupp stock Climbing more
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20 ThyssenKrupp stock is included i
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22 Our ir work won several awards.
Page 36 and 37: 24 Business performance ThyssenKrup
Page 38 and 39: 26 World crude steel production exc
Page 40 and 41: 28 Order intake and sales improved
Page 42 and 43: 30 Crude steel production at Thysse
Page 44 and 45: 32 Market position in Asia signific
Page 46 and 47: 34 Chemical and cement plant busine
Page 48 and 49: 36 The contracts on the German ship
Page 50 and 51: 38 The use of e-procurement reduced
Page 52 and 53: 40 Our products and processes contr
Page 54 and 55: 42 Steelmaking base in Duisburg mod
Page 56 and 57: 44 All segments increased their ear
Page 58 and 59: 46 distribution will be adjusted ac
Page 60 and 61: 48 The boom on the steel market wil
Page 62 and 63: 50 No supply bottlenecks are expect
Page 64 and 65: 52 Our future potential ThyssenKrup
Page 66 and 67: 54 The ThyssenKrupp Innovation Cont
Page 68 and 69: 56 NewSteelBody attracting major in
Page 70 and 71: 58 ThyssenKrupp moving walks are fa
Page 72 and 73: 60 Zinc helps reinforced concrete l
Page 74 and 75: 62 ThyssenKrupp supports Tongji Uni
Page 76 and 77: 64 The best projects cover a broad
Page 78 and 79: 66 Several university chairs are su
Page 80 and 81: 68 More than 60,000 visitors made o
Page 82 and 83: 70 Business areas and segments Thys
Page 84 and 85: 72 Steel aims to defend its leading
Page 88 and 89: 76 Exploiting cross-selling potenti
Page 90 and 91: 78 The shipyards in Hamburg, Emden
Page 92 and 93: 80 More than 125,000 articles avail
Page 94 and 95: 82 Extensive improvement programs a
Page 96 and 97: 84 How hard is it to turn TECHNOLOG
Page 98 and 99: 86 Education Environment Knowledge
Page 100 and 101: 88 1 Innovation. Materials Steel sh
Page 102 and 103: 90 OFFERING PROTECTION The view thr
Page 104 and 105: 92 PROMOTING EFFICIENCY Innovative
Page 106 and 107: 94 2 SUSANNE SCHLEGEL, NOTHELFER In
Page 108 and 109: 96 SIMPLIFYING PROCESSES Thanks to
Page 110 and 111: 98 INCREASING COST EFFECTIVENESS WO
Page 112 and 113: 100 3 Innovation. Communication Fir
Page 114 and 115: 102 CREATING UNDERSTANDING From the
Page 116 and 117: 104 UNLOCKING POTENTIAL Complex tec
Page 118 and 119: 106 What idea do you have?
Page 120 and 121: 108 Financial report Some people re
Page 122 and 123: 110 The results of Stainless Steel
Page 124 and 125: 112 compared to the previous year,
Page 126 and 127: 114 The roce is compared to the wei
Page 128 and 129: 116 The discontinued operations use
Page 130 and 131: 118 Trade accounts payable increase
Page 132 and 133: 120 summarized first by currency an
Page 134 and 135: 122 The strongly export-dependent G
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124 In order to further lower the d
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126 Auditors’ Report We have audi
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128 ThyssenKrupp ag Consolidated Ba
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130 ThyssenKrupp ag Consolidated St
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132 Notes to the consolidated finan
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134 Research and development costs
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136 Accrued pension and similar obl
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138 actuarially equivalent to the b
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140 The final purchase price alloca
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142 In September 2004, the Steel se
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144 Due to the fact that the Group
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146 The following table reconciles
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148 NOTES TO THE CONSOLIDATED BALAN
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150 Consolidated Fixed Assets Sched
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152 11 Operating lease as lessor Th
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154 The contractual maturities of d
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156 Dividend proposal The Executive
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158 million € Change in projected
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160 in % The Group applied the foll
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162 in % Weighted-average assumptio
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164 Restructuring measures are bein
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166 As of September 30, 2004, Thyss
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168 The terms of these guarantees d
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170 The intention of currency hedgi
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172 The notional amounts of the der
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174 30 Segment reporting According
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176 Segment information by products
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178 Segment information by geograph
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180 OTHER INFORMATION 33 Earnings p
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182 Inventory valuation Lower of co
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184 Scope of consolidation Under Ar
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186 3. OTHER DIRECTORSHIPS HELD BY
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188 4. OTHER DIRECTORSHIPS HELD BY
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190 5. WAIVE OF DISCLOSURE PURSUANT
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192 ThyssenKrupp Federn GmbH Hagen
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194 Additional information Any info
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196 ThyssenKrupp Group Ecomomic val
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198 Company (as of September 30, 20
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200 Company (as of September 30, 20
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202 Glossary A Average collection p
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204 Contact/2005/2006 dates For mor
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Ideas are soon forgotten if you don
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Annual Report 2003 2004

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