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GKN Driveline Torque Technology Group
Graeme Walford – Managing Director
Driving to perfection Driving to perfection
Overview of GKN Driveline Torque Technology Group
TTG Video
Business Overview
• History and Recent Developments
• Products, Markets and Customers
• Technology Trends
TTG Site Tour
Driving to perfection Driving to perfection
Torque Technology Group – Brief History
2002 Torque Technology Group createdPursue growth opportunities in non-CVJ driveline componentsCapitalise on fast growing AWD and 4WD vehicle segmentsOrganic and acquisitive growth30% shareholding in Tochigi Fuji (TFS) acquired from Nissan
2004 Acquisition of TFS (100%)TTG turnover increased to c £300mTTG portfolio extended to include complete AWD capability
2005 TFS integration and restructuring successfully completed Disposal of China casting operations (Fujiwa)
Driving to perfection Driving to perfection
Torque Technology – Delivering Growth
2005 2006 2007 2008
300
200
100
Revenues£ million
None Core
TMD
Geared
Core business on track to deliver above industry average growth
8% CAGR projected through 2011
Exit from Fujiwa and non core
Driving to perfection Driving to perfection
GKN Driveline Torque TechnologyGKN Driveline Torque Technology is a global leader in technology, manufacture and vehicle integration of geared systems and torquemanagement products, primarily for 4WD and AWD vehicles.
Global Supply 2006:Geared Products – c. 900k units Torque Management – c. 2m units
Manufacturing Footprint:Japan – 2 plantsChina, Italy, North America
R&D Centres:Japan, Germany, North America
Employees: c.1,500
Driving to perfection Driving to perfection
Torque Technology – Profile Torque Technology supplies products which deliver Power to a vehicle’s wheels and manage that power to Control the dynamic performance of thevehicle
Power products“Geared”
Final Drive Units (FDUs) for SUVs and Light Trucks
Power Transfer Units (PTUs) for SUVs and CUVs
Control products “Torque Management Devices”
AWD couplings for SUVs, CUVs, and cars
Axle TMDs to enhance dynamic performance of cars, or mobility in SUVs, Light Trucks
Driving to perfection Driving to perfection
AWD vehicles• Normally based on FWD,
transverse engine platform• Adapted for AWD• Operate mainly in FWD mode,
AWD activated ‘on-demand’• Lightweight, fuel efficient, light
duty AWD
Torque Technology – Products and Technology
DCX Pacifica
Toyota RAV 4
Volvo XC90
Driving to perfection Driving to perfection
Products for FWD based AWD (crossover) vehicles
Torque Technology – Products and Technology
Final Drive Unit (FDU)
Power Transfer Unit (PTU)
Active TMD (centre coupling)
Passive TMD (centre coupling)
Differentials
Driving to perfection Driving to perfection
Torque Technology – Products and Technology
4WD vehicles• Purpose built 4WD with in-
line engine and primary RWD
• Transfer case for drive to front axle
• Heavy, high duty 4WD, less fuel efficient
LR Discovery
Ford F150
GM Chevy Tahoe
Driving to perfection Driving to perfection
Products for RWD based 4WD vehicles
Torque Technology – Products and Technology
Lock up Differential
Active/Passive TMD (centre/axle LSD)
FRRD Disconnect
Final Drive Unit (FDU)
Differentials
Driving to perfection Driving to perfection
Power Transmission Products
Complete range of Geared Products supplied to the Japanese and global markets:
• Power Transfer Units• Global No1 independent supplier ( c. 9% share)
• Final Drive Units• Japan/Asia Pacific supply, primarily for
Mitsubishi
• Differentials• Expanding global supply with new outsourcing
opportunities
PowerPowerTransmissionTransmission
Torque Technology – Products and Technology
Driving to perfection Driving to perfection
Competitive Environment - PTUs
GKN Market Share 2006 – 9% Main Competitors: In-house Production, Getrag, Magna, AkashiOver 60% of the market is captive supply in-house/Keiretsu suppliers (Japan/Korea)TTG maintains #1 independent position with current business and projected growth
Driving to perfection Driving to perfection
Torque Technology – Products and Technology
Control Products
Leading independent TMD supplier (c.16%) with the broadest range of products:
• E–motor and Electro-magnetic Active TMDs
• Electronic Torque Vectoring (ETV)
• Speed sensing (Viscodrive) and Torque sensing passive TMDs
• Differential Lockers, Disconnect units
• Electric Motor Drive Systems
DynamicDynamicControlControl
Driving to perfection Driving to perfection
Competitive Environment – TMDs
GKN Market Share 2006 – 16%Main competitors: JTEKT, Magna, Borg Warner, EatonMarket is largely outsourced – progressive shift to electronic active products TTG volumes decreasing in Viscodrive but increasing in Active TMD with higher unit price
Driving to perfection Driving to perfection
Torque Technology – Global Footprint
Driving to perfection Driving to perfection
Torque Technology Proving Group in Japan
Driving to perfection Driving to perfection
Torque Technology Wintertest FacilitiesArjeplog, North Sweden
Driving to perfection Driving to perfection
Torque Technology – Sales to Major Customers 2006
Ford GroupChrysler
Mitsubishi
BMW GroupRenault-Nissan Group
IsuzuSubaru
Toyota Group
Hyundai Group
Total Others
Honda
Others include:
BombardierSuzuki GroupGMFiat GroupOther Japanese
Strong historical customer base in JapanChina/Asia Pacific and North America are fastest growing markets
Driving to perfection Driving to perfection
PTU Applications
MMC i
Mazda 6 MPS
Nissan Murano
MMC EVO IX
MMC Outlander
Dodge Caliber,Jeep Compass/Patriot
Nissan X-Trail
Driving to perfection Driving to perfection
Active TMD Applications
Nissan Murano
MMC GrandisPorsche Cayenne
Land Rover LR3EMCD
ETM2
Nissan Quest
Mercedes M-Class
Driving to perfection Driving to perfection
Torque Technology – Advanced TMD ProductsC
ompl
exity
Enhanced Driving Performance
active TMD
Limited Slip Differential
Open Differential
2-Motor Electric Drive
ETV
Today
Driving to perfection Driving to perfection
E-Motor AWD Applications
Mazda DemioNissan March
Nissan CubeNissan Wingroad
Driving to perfection Driving to perfection
Torque Technology – Electric AWD Evolution
10 kW E-AWD
Today
Com
plex
ity
Functionality
30 kW Hybrid AWD
Wheel Hub Motor
5 kW E-AWD(in production)
Driving to perfection Driving to perfection
Torque Technology – Industry Trends
Driveline Product Trends Mechanical AWD systems to remain dominant through 2015 with focus on light-weight, fuel efficient products
Electric AWD (motor-drive of axle or wheels) challenged by high costs & technology gaps, but area of increasing OEM activity
Emerging markets continue trend towards electronic TMDs as integral components in vehicle dynamics and safety systems
New demand from BRIC and Asian market growth - focus on basic technology, low cost products
Driving to perfection Driving to perfection
Torque Technology – Industry Trends
4WD/AWD Market Trends through 2015Continuing but slowing growth of global 4WD/AWD market
Increasing penetration of AWD on smaller vehicles, new opportunities emerging in China, India
Some consumer shift from 4WD to AWD in US and Europe - degree dependent upon trends in fuel costs and environmental legislation
Continuing growth of 4WD in expanding Asia Pacific market
Driving to perfection Driving to perfection
Global Light Vehicle Growth 2002 to 2011
Source: Based on Global Insight April 2007 Vehicle Forecast
0
10
20
30
40
50
60
70
80
90
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Tota
l Veh
icle
Pro
d'n
Volu
me
(m)
Total Vehicles
Compound Annual Growth Rate2006-2011
All vehicles 3.3%
Driving to perfection Driving to perfection
4WD/AWD Vehicle Growth 2002 to 2011
Source: Based on Global Insight April 2007 Vehicle Forecast
0
10
20
30
40
50
60
70
80
90
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Tota
l Veh
icle
Pro
d'n
Volu
me
(m)
0
2
4
6
8
10
12
14
16
18
20
4WD
/ A
WD
Veh
icle
Pro
d'n
Volu
me
(m)
Total Vehicles 4WD Vehicles AWD (Hang-on) Vehicles
Compound Annual Growth Rate2006-2011
All vehicles 3.3%4WD vehicles 2.3%AWD vehicles 4.9%
Driving to perfection Driving to perfection
Global AWD Vehicle Production
0
1000
2000
3000
4000
5000
2006 2011
Vehi
cles
('00
0s)
Source: Based on Global Insight Vehicle Forecast, April 2007
Vehicle Growth Outlook – Highlights for TTG
AWD markets show general global increase
TTG competes with PTU and TMD Coupling
4WD SUV and Truck markets show relative strength in Japan & Asia Pacific
TTG competes with Mitsubishi axle supply and Limited Slip TMD
4.9% CAGR
SUVs & Pick-Ups in Japan/Asia-Pacific
0
000
000
000
000
000
2006 2011
1
2
3
4
5
Vehi
cles
('00
0s)
5.6% CAGR
Driving to perfection Driving to perfection
Torque Technology – 2006/7 Market Success
Korea – new SUV: PTU and EMCD Coupling, vehicle integration contract
China – new SUV: PTU
Europe – new low cost AWD platform and high volume differential
New Electronic Torque Vectoring launch in next 12 months
Launch of high volume PTU for DCX in US AWD segment
Industry-leading Electronic Torque Manager launched for DCX in Europe
Driving to perfection Driving to perfection
Torque Technology - Summary
Global business with competitive products, operating in growth markets and projecting 8% CAGR
Unique breadth of AWD/4WD product and technology
Proven driveline engineering competence and vehicle integration
World class manufacturing built on Japanese production excellence
Global network and operating experience from Driveline heritage
Strong Customer relationships – especially in Japan
GKN financial strength to capitalise on expected industry consolidation