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© SKF Group
Our Values and Drivers Govern Everything We Do…
Slide 3
Drivers
• Grow with Profit
• Quality
• Innovation
• Simplicity & Speed
• Sustainability
Values
• High Ethics
• Empowerment
• Openness
• Teamwork
© SKF Group
Macroeconomic Headwinds Continue…
5.7% 5.2% 4.4% 4.1%3.1%
Q4
18-1
9
Q1
19-2
0
Q2
19-2
0
Q3
19-2
0
Q4
19-2
0
75.9% 76.1%73.6%
69.1% 68.6%
Q3
18-1
9
Q4
18-1
9
Q1
19-2
0
Q2
19-2
0
Q3
19-2
0
GDP Growth at a 27 quarter low…
Domestic Consumption continues to decline…
Industrial Production in negative territory…
Capacity Utilization levels are at all-time lows…
Source: Ministry of Statistics and Programme Implementation, Reserve Bank of India, Society of Indian Automobile Manufacturers
-90%
-70%
-50%
-30%
-10%
10%
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-19
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-20
May
-20
Jun
-20
PV 2W
-50%
-40%
-30%
-20%
-10%
0%
10%
May
-19
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-19
Dec
-19
Jan
-20
Feb
-20
Mar
-20
Ap
r-20
May
-20
© SKF Group
5 year Financial Highlights
Net Sales*27,959 MINR
Dividend6,427 MINR
(1300%)
EPS58.5
*Net sales for Q1 of 2017-18 , year ended 31.3.2017 & 15 months ended on 31.3.2016 includes Excise duty as per Ind AS, whereas 2014 & prior period are excluding Excise duty as per Indian-GAAP. In accordance with Ind AS 18- Revenue, GST (Goods and Services Tax) is not included in net sales w.e.f from July 1, 2017
© SKF Group
SKF India Strategy
Digital sales
New business models
Innovation
World class manufacturing
Future workforce
Cleantech
Designing performance based solutions in Industrial Markets
Gaining share across Automotive OEMs
Increasing portfolio in Automotive Aftermarket
Increasing Sales Force Effectiveness across the organization
Increasing local for local and digitalization of Manufacturing Units
Our Rotating Equipment Performance (REP) solutions help minimize costs and maximise output for customers.
A steel customer wanted increased and efficient capacity utilization for higher best-in-class output.
SKF designed a comprehensive five-year performance based contract to help them achieve their goals. The scope includes operations, maintenance, spares supply and advanced technologies for rotating equipment performance enhancement.
© SKF Group
Remanufacturing is an energy-efficient and cost-effective process of returning a used product to its original performance while lowering environmental impact.
SKF provided remanufacturing solutions to a cement customer at a better price-value compared to new bearings. The delivery time was a month against a lead time of 8 months for a new bearing.
SKF has a local-for-local manufacturing footprint strategy.
We continuously invest to make our factories flexible, automated, smart and connected to better meet the customer and market needs.
By building more digitalized manufacturing operations, maintenance upkeep and supply chain capabilities across our factories, we are raising the bar for the industry and truly becoming a world-class manufacturing company.
© SKF Group
• Daily health check of employees• Support those who may be infected• Provide work from home guidance• Balance regulatory compliance with effective operations
Employee Health & Work
• Assess demand integrity, credit risks & supply availability• Factory start-up plans operationalized in record time• Preserve cash & liquidity• Revise forecasts & stress-test new scenarios
Business Strength
• Service camps & disinfection of essential services’ vehicles• Distribution of groceries & PPEs to the most affected• Employee contribution through cash transfers to daily wagers• Virtual trainings for YES, Scholarship & Sports program
Community Support
SKF Stronger: Our response to Covid-19
We continued our community support
activities
We resumed operations at our factories, offices &
distribution centers
SKF Eco Impact Parks
Improving natural capital such as water and trees
along with creating awareness about plant biodiversity
in the local community.
1 Dam, 1 Lake
4,000+ Trees
Water Desilting
Community Participation
High school and college scholarships, including tuition, books,
hostel & other expenses for girl students from underserved
communities.
SKF Scholarship for Girls
10 Drought Affected
Districts
180 Beneficiary Girls
© SKF Group
Youth Empowerment at SKF: YES
Residential automotive service technician courses with
assured employability & entrepreneurship mentoring for
young adults from unserved communities.
Students from 21 States
3,000+Beneficiaries
80 % Placement
20 Entrepreneurs
SKF Sports Education Program
Professional sports coaching at SKF funded infrastructure,
focusing on nutrition, winning attitude and holistic development
of disadvantaged children.
500+Beneficiaries
75 Students in
Professional Clubs
10+ NationalTournaments
Played
8 Opted as Career
Summary
• Our vision, mission, values and drivers define everything that we do
• Our strategy is well-articulated and easily understood by stakeholders
• We have built a resilient business leveraging our strong leadership and
investments. This will help us emerge stronger through difficult times
• We will continue to engage meaningfully with our communities