Everywhere there is rotation there is a good chance that SKF products capabilities and skilled colleagues are providing value in the form of improved operational performance and reduced emissions ID: 1003245
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1. INTELLIGENT and CLEAN GROWTH
2. Everywhere there is rotation, there is a good chance that SKF products, capabilities and skilled colleagues are providing value in the form of improved operational performance and reduced emissions.
3. With the ABB 2030 sustainability strategy, we are working with our customers and suppliers to implement sustainable practices across our value chain and the lifecycle of our products and solutions. SKF’s solutions support us in meeting those targets.”Outi Korkeakangas Global Category Manager Bearings for Large Motors & Generators and Low Voltage Motors, ABB“
4. Suzano is now on a journey of digital development where SKF can be a part, and predictive maintenance and more intelligent analysis for failures will be key.” Paulo SilveiraIndustrial Director, Suzano“
5. With the explosive growth of EV in China in 2021, BYD looks forward to deeper cooperation with SKF, becoming the market leaders together.
6. Competitive By far the largest industrial player in the bearing industryGood momentum; growing market share in the last four years Tuned inSustainabilityElectrificationAutomationDigitalizationRegionalizationCollaborativeTechnologies/products/servicesEngineering/application knowledgeGlobal position & reachSupporting our customers in their strive for a sustainable futureTrustedClose customer relationshipsDeep understanding of a wide range of applications100+ years of innovationRecognized leader in application engineering and design2022We are in pole position – let’s accelerate!
7. Intelligent and clean growthA DIFFERENT SKF 2030
8. Intelligent and clean growthCustomer offerings & solutionsPortfolio management Digital value chain & processes Capital allocation and resource deploymentTech applicationsIndustries; minimize friction and wasteValue chain; net zero emissions and high transparency Business practice and high ethics
9. Double the business, at improved marginsMore focused and efficientTechnical partner of choice among customersLeading development of sustainable solutionsA DIFFERENT SKF 2030
10. Required investmentsFurther acceleration of investments; strict return requirementsOver time, increase R&D expenditures by 50% to support the growth agenda FundingIncreased investments will be funded by actions to improve our net working capital and by continued cost reductionA DIFFERENT SKF 2030
11. High-growth segmentsPortfolio managementNew technologiesServices & AftermarketOperate more efficiently – closer to customersRegionalized and competitive supply chainAccelerate technology developmentDigitalize our full value chainGrowth areasGrowth enablersIntelligent and clean growth
12. High-growth segmentsPortfolio managementNew technologiesServices & AftermarketOperate more efficiently – closer to customersRegionalized and competitive supply chainAccelerate technology developmentDigitalize our full value chainGrowth areasGrowth enablersIntelligent and clean growth
13. WHYHOWHigh-speedmachineryCleantechAutomation & RoboticsAgri, Food & BeverageAn area of strength for SKF, where new, emerging applications and existing segments show high growth. Combining the strength of our existing portfolio, including magnetic, ceramic and high-performance steel bearings.A leader within renewable energy and railway; growth expected within hydrogen processing and carbon capture.Leveraging our strong position in existing segments and making use of our engineering capabilities and relationships with OEMs.Increasing investments in manufacturing technologies and automated logistics centres, where up-time is crucial.Broad product offering and leading position in bearing solutions combined with capability in machine reliability.Growing markets with wide and demanding application needs.Continue to build on our deep knowledge, strong brand and ability to develop bespoke products.Targeting existing segments with high growth across geographiesHigh-growth segmentsEXAMPLESAreas with high growth, driven by increased investments in development of new technologies.By capitalizing on our leadership within ceramic bearings and established position as a preferred technology partner.Electric drives
14. ConnectivityMagnetic bearingsCeramic bearingsProviding value to our customers in the form of improved operational performance and reduced emissions. New technology and partnerships provides scale and easy access to data analysis and machine performance competence.Magnetic bearings are ideal for applications demanding high speeds and low vibration.By using magnetic bearings, you get an extremely sustainable solution; a solution that lasts longer, with lower energy consumption and zero maintenance.New requirements of high voltage, high frequency and high speed in electric applications make ceramic bearing the most effective solution.Leveraging our strong technology and market position built on continuous investments in ceramic capabilities.New technologiesLeveraging technology to grow in emerging industriesSKF RecondOil19 million tonnes of industrial lubrication oil is used every year – a circular use of oil provides significant financial, environmental and performance benefits.Patented, innovative solution, enabling circular use of industrial lubricants. Initial focus will be on metalworking, hydraulics, mining and metal.WHYHOWEXAMPLES
15. STRENGTHSGROWTH POTENTIAL Global reach and close customer relationsOver 17,000 distributors providing servicesRecognized leader in application engineering and designIndustry leading in artificial intelligence and machine learningTransactional service businessScale up data-driven servicesPartnerships on data gathering Supporting customer’s CO2 reduction ambitionsRecurring revenue models, from entry-level to performance-basedServices & AftermarketEXAMPLES~40% of sales with attractive profitability AftermarketServicesMaintenanceCondition monitoringRemanufacturingEngineering & design supportRotation as a service
16. Intelligent selection of businessesStricter performance requirements on businessesEarn your place in the Group:- profitability- growth potential- future proof- sustainabilityIndependent Automotive creates strategic flexibility for the GroupPortfolio managementWe will address selected underperforming businesses GrowMaintainTrimFix
17. Profitable growth in AutomotivePortfolio managementWHYHOWStrong sales growthWHATCapture growth in electrical vehiclesExpand in commercial vehiclesCapture growth in vehicle aftermarketRefocus portfolio to relevant segmentsRebuild drive control portfolio12345Clear leader in hi-speed bearings for electric powertrains. Adding roller bearings to further increase contentAsia truck & bus markets are upgrading for longer service life, improved quality and performance Proven track-record in Europe, leading the trend in AsiaGood growth potential in EMEA and Americas as well as in Asian marketsSKF is gaining share with improved organisational capabilities and profitability Market and technology shift to Electric VehiclesRefocus fragmented portfolio on attractive segments, products and customersAutonomous driving brings new opportunities in innovation for an upgraded portfolioCurrently leading position in suspension bearings – opportunities to consolidate product portfolio in steering
18. High-growth segmentsPortfolio managementNew technologiesServices & AftermarketOperate more efficiently – closer to customersRegionalized and competitive supply chainAccelerate technology developmentDigitalize our full value chainGrowth areasGrowth enablersIntelligent and clean growth
19. Supporting the growth agenda- High speed in electric applications- Cleantech and new energy- Services – built-in SKF knowledge- Net zero enablersNew manufacturing technologiesOver time, increase R&D expenditures by 50% to support the growth agenda Accelerate technology developmentNew customersNew products25% of growth10% of growth15% of growth50% of growthExisting customersExisting productsLeveraging customer insights to fuel technology development
20. Accelerate technology developmentLeveraging customer insights to fuel technology development - examplesConnected productsEmbedded sensors gather bearing and machine data during operation, enabling instant feedback and controlHigh-speed bearingsSpecifically engineered to meet the extreme needs of electric drives, centrifugal compressors and pumpsFood-line bearing unitsMeeting hygiene, maintenance and performance needs in demanding environmentsManufacturing New methods like laser cladding and induction heat treatment increase flexibility, reduce cost and increase customer performance
21. Digitalize our full value chainDrive growth and reduce working capitalDesignSupply chainManufacturingSalesDistributionCustomerSignificant progress has been made in digitalizing SKF’s manufacturing operations. As part of our journey to become even more relevant for our customers, further investments will be made in connecting our entire value chain: customers, sales, logistics, manufacturing, supply chain and R&D.
22. Closer, quicker and more competitiveRegionalized and competitive supply chain4-5 closures per year5 billion in annual savings by 2025 > investments for profitable growth > localization ratesAsia Pacific>85%60% > 85% Americas60%40% 60% Localization:EMEA95% 95% 95%targets2025
23. Operate more efficiently – closer to customers Organizational evolutionCentralRegionalBusiness areaFrom centralization……to decentralization DesignSupply chainManufacturingSalesDistributionCustomerDesignSupply chainManufacturingSalesDistributionCustomer
24. 4 industrial regionsAUTO-MOTIVEMAG-NETICSMARINESEALSLUBRI-CATIONAEROSKFRECOND-OILAMERICASEMEAINDIA & SEACHINA & NEA1 global automotive business6 independent business areasOperate more efficiently – closer to customers Full end-to-end customer and financial accountabilityCentral processes and structures in place to coordinate global accounts & processesLean central organizationCentral transformation office to secure speed and executionCustomer driven business areas
25. Rickard GustafsonPresident and CEOManagement teamOperate more efficiently – closer to customers John SchmidtAmericasKent ViitanenEMEAManish BhatnagarIndia & SEAPatrick TongChina & NEADavid JohanssonAutomotiveThomas FröstIndependent & Emerging BusinessesJoakim LandholmOperations & Digital TransformationVictoria Van CampTechnology DevelopmentNiclas RosenlewFinanceMathias LyonLegalAnn-Sofie ZaksPeople
26. High-growth segmentsPortfolio managementNew technologiesServices & AftermarketOperate more efficiently – closer to customersRegionalized and competitive supply chainAccelerate technology developmentDigitalize our full value chainINTELLIGENT AND CLEAN GROWTH
27. A DIFFERENT SKF 2030Double the business, at improved marginsMore focused and efficientTechnical partner of choice among customersLeading development of sustainable solutions
28. Q&A
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