Leveraging Technology for Intelligent and Clean Growth
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INTELLIGENT AND CLEAN GROWTH
Growth areas
Growth enablers
Intelligent and clean
growth
Growth areas
Growth enablers
Intelligent and clean
growth
WHY
HOW
High-speed
machinery
Cleantech
Automation
& Robotics
Agri, Food &
Beverage
An 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
geographies
High-growth
segments
EXAMPLES
Areas 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
Connectivity
Magnetic
bearings
Ceramic
bearings
Providing 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
technologies
Leveraging technology to grow in emerging industries
SKF RecondOil
19 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.
WHY
HOW
EXAMPLES
STRENGTHS
GROWTH POTENTIAL
•
Global reach and close
customer relations
•
Over 17,000 distributors
providing services
•
Recognized leader in
application engineering
and design
•
Industry leading in
artificial intelligence and
machine learning
•
Transactional service business
•
Scale up data-driven services
•
Partnerships on data
gathering
•
Supporting customer’s CO
2
reduction ambitions
•
Recurring revenue models,
from entry-level to
performance-based
Services &
Aftermarket
EXAMPLES
~40% of sales with attractive profitability
Aftermarket
Services
Maintenance
Condition monitoring
Remanufacturing
Engineering & design support
Rotation as a service
Intelligent selection of businesses
•
Stricter performance
requirements on businesses
•
Earn your place in the Group:
- profitability
- growth potential
- future proof
- sustainability
•
Independent Automotive creates
strategic flexibility for the Group
Portfolio
management
We will address selected underperforming
businesses
Profitable growth in Automotive
Portfolio
management
WHY
HOW
Strong sales growth
WHAT
Capture growth in
electrical vehicles
Expand in commercial
vehicles
Capture growth in
vehicle aftermarket
Refocus portfolio to
relevant segments
Rebuild drive control
portfolio
1
2
3
4
5
Clear leader in hi-speed bearings for
electric powertrains. Adding roller
bearings to further increase content
Asia truck & bus markets are
upgrading for longer service life,
improved quality and performance
Proven track-record in Europe,
leading the trend in Asia
Good growth potential in EMEA and
Americas as well as in Asian markets
SKF is gaining share with improved
organisational capabilities and profitability
Market and technology shift to
Electric Vehicles
Refocus fragmented portfolio on attractive
segments, products and customers
Autonomous driving brings new
opportunities in innovation for an
upgraded portfolio
Currently leading position in suspension
bearings – opportunities to consolidate
product portfolio in steering
Growth areas
Growth enablers
Intelligent and clean
growth
•
Supporting the growth agenda
- High speed in electric applications
- Cleantech and new energy
- Services – built-in SKF knowledge
-
Net zero enablers
•
New manufacturing technologies
•
Over time, increase R&D expenditures by
50% to support the growth agenda
Accelerate technology development
Leveraging customer insights to fuel
technology development
Accelerate technology development
Leveraging customer insights to fuel
technology development - examples
C
o
n
n
e
c
t
e
d
p
r
o
d
u
c
t
s
Embedded sensors gather bearing
and machine data during operation,
enabling instant feedback and control
H
i
g
h
-
s
p
e
e
d
b
e
a
r
i
n
g
s
Specifically engineered to
meet the extreme needs of
electric drives, centrifugal
compressors and pumps
F
o
o
d
-
l
i
n
e
b
e
a
r
i
n
g
u
n
i
t
s
Meeting hygiene, maintenance
and performance needs in
demanding environments
M
a
n
u
f
a
c
t
u
r
i
n
g
New methods like laser cladding
and induction heat treatment
increase flexibility, reduce cost and
increase customer performance
Digitalize our full value chain
Drive growth and reduce working capital
Design
Supply chain
Manufacturing
Sales
Distribution
Customer
•
Significant 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.
Closer, quicker and more competitive
Regionalized and competitive supply chain
4
-
5
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2
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Localization:
Operate more efficiently – closer to customers
Organizational evolution
From centralization…
…to decentralization
4 industrial regions
1 global
automotive
business
6 independent
business areas
Operate more efficiently – closer to customers
•
Full end-to-end customer and financial accountability
•
Central processes and structures in place
to coordinate global accounts & processes
•
Lean central organization
•
Central transformation office
to secure speed and execution
Customer driven business areas
Accelerate technology development in high-growth segments to digitize the full value chain, optimize supply chains, and enhance portfolio management. Focus on growth areas like electric drives, cleantech, automation, and robotics across various industries to drive sustainable growth.
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Presentation Transcript
Intelligent and clean growth Accelerate technology development High-growth segments New technologies Digitalize our full value chain Regionalized and competitive supply chain Services & Aftermarket Portfolio management Operate more efficiently closer to customers Growth areas Growth enablers
Intelligent and clean growth Accelerate technology development High-growth segments New technologies Digitalize our full value chain Regionalized and competitive supply chain Services & Aftermarket Portfolio management Operate more efficiently closer to customers Growth areas Growth enablers
Targeting existing segments with high growth across geographies High-growth segments EXAMPLES WHY HOW An 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. High-speed machinery By capitalizing on our leadership within ceramic bearings and established position as a preferred technology partner. Electric drives Areas with high growth, driven by increased investments in development of new technologies. 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. Cleantech 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. Automation & Robotics Continue to build on our deep knowledge, strong brand and ability to develop bespoke products. Growing markets with wide and demanding application needs. Agri, Food & Beverage
Leveraging technology to grow in emerging industries New technologies EXAMPLES WHY HOW Providing 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. Connectivity 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. Ceramic bearings 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. Magnetic bearings 19 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. SKF RecondOil
~40% of sales with attractive profitability Services & Aftermarket STRENGTHS GROWTH POTENTIAL EXAMPLES Aftermarket Global reach and close customer relations Transactional service business Scale up data-driven services Services Over 17,000 distributors providing services Partnerships on data gathering Maintenance Recognized leader in application engineering and design Supporting customer s CO2 reduction ambitions Condition monitoring Remanufacturing Recurring revenue models, from entry-level to performance-based Industry leading in artificial intelligence and machine learning Engineering & design support Rotation as a service
Intelligent selection of businesses Portfolio management Stricter performance requirements on businesses Maintain Grow Earn your place in the Group: - profitability - growth potential - future proof - sustainability Trim Fix Independent Automotive creates strategic flexibility for the Group We will address selected underperforming businesses
Profitable growth in Automotive Portfolio management WHAT WHY HOW Strong sales growth Clear leader in hi-speed bearings for electric powertrains. Adding roller bearings to further increase content 1 Capture growth in electrical vehicles 2 Asia truck & bus markets are upgrading for longer service life, improved quality and performance Proven track-record in Europe, leading the trend in Asia Expand in commercial vehicles SKF is gaining share with improved organisational capabilities and profitability Good growth potential in EMEA and Americas as well as in Asian markets 3 Capture growth in vehicle aftermarket Market and technology shift to Electric Vehicles Refocus fragmented portfolio on attractive segments, products and customers Refocus portfolio to relevant segments 4 Autonomous driving brings new opportunities in innovation for an upgraded portfolio Currently leading position in suspension bearings opportunities to consolidate product portfolio in steering 5 Rebuild drive control portfolio
Intelligent and clean growth Accelerate technology development High-growth segments New technologies Digitalize our full value chain Regionalized and competitive supply chain Services & Aftermarket Portfolio management Operate more efficiently closer to customers Growth areas Growth enablers
Leveraging customer insights to fuel technology development Accelerate technology development New customers Supporting the growth agenda - High speed in electric applications - Cleantech and new energy - Services built-in SKF knowledge - Net zero enablers 25% of growth 10% of growth Existing products New products 15% of growth New manufacturing technologies 50% of growth Over time, increase R&D expenditures by 50% to support the growth agenda Existing customers
Leveraging customer insights to fuel technology development - examples Accelerate technology development High High- -speed bearings speed bearings Connected products Connected products Specifically engineered to meet the extreme needs of electric drives, centrifugal compressors and pumps Embedded sensors gather bearing and machine data during operation, enabling instant feedback and control Food Food- -line bearing units line bearing units Manufacturing Manufacturing Meeting hygiene, maintenance and performance needs in demanding environments New methods like laser cladding and induction heat treatment increase flexibility, reduce cost and increase customer performance
Drive growth and reduce working capital Digitalize our full value chain Design Significant progress has been made in digitalizing SKF s manufacturing operations. Customer Supply chain 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. Distribution Manufacturing Sales
Regionalized and competitive supply chain Closer, quicker and more competitive 2025 targets 60% 60% 95% 95% >85% >85% Americas 40% 60% EMEA 95% 95% Asia Pacific 60% > 85% Localization: 60% 95% > 85% > > investments for profitable growth > > localization rates 4 4- -5 5 closures per year 5 5 billion in annual savings by 2025
Organizational evolution Operate more efficiently closer to customers From centralization to decentralization Design Design Customer Supply chain Customer Supply chain Distribution Manufacturing Distribution Manufacturing Central Regional Sales Sales Business area
Customer driven business areas Operate more efficiently closer to customers AMERICAS EMEA LUBRI- CATION SEALS AERO AUTO- MOTIVE SKF MAG- NETICS MARINE RECOND- OIL CHINA & NEA INDIA & SEA 1 global automotive business 6 independent business areas 4 industrial regions Full end-to-end customer and financial accountability Lean central organization Central processes and structures in place to coordinate global accounts & processes Central transformation office to secure speed and execution
