ThyssenKrupp AG http://www.alacrastore.com/company-snapshot/ThyssenKrupp_AG-1016647 Friday, July 25, 2008 11:20:01 PM 1016647 ThyssenKrupp AG en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/657295spcred/657295normThe latest Summary from S&Pglobalstructured7/1/2008 1:28:45 PM175Summary657295GermanySteelEurope, Middle East, AfricaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesMetals & MiningSummaryThe ratings on Germany-based industrial conglomerate ThyssenKrupp AG (TK) reflect its strong market positions, diverse portfolio, healthy cash flow generation, and strategic focus on growth. The ratings remain constrained, however, by high pension liabilities, quite low profit margins in some segments, sharply rising raw material costs, the capital-intensive nature of the steel and capital goods sectors, and rising debt to support high capital spending. TK's year-on-year operating performance weakened in the half year to March 31, 2008. EBITDA of about €2.3 billion was down 24%, from €3.0 billion one year earlier (before deducting an EU fine of €480 million charged in 2007), at a notably lower margin of 8.9% (11.8% one year earlier). This mainly reflected ongoing low results inDEU15104050 151040 1510 15ThyssenKrupp AG352838EUROMIDAFRUSATKA@GRSUMMARYGLOBISSSTRUCCORPABSMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/391364_report_framefitch/391364_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Adhunik Metaliks LimitedAngang Steel Co LtdArcelorMittal SABaoshan Iron & Steel Company LtdBhushan Power & Steel LimitedBhushan Steel LtdBlueScope Steel LimitedCAP S.A.Companhia Siderurgica Nacional (CSN)Companhia Vale do Rio DoceEvraz Group S.A.Gontermann Peipers India LtdGrupo IMSA S.A.B. de C.V.Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S.Industrial Union of Donbass CorporationInterpipe LimitedJFE Holdings, Inc.Kobe Steel, Ltd.Magnitogorsk Iron & Steel WorksMaharashtra Seamless LimitedMahindra Ugine Steel Company, Ltd.Metalurgica Gerdau S.A.Nippon Steel CorporationNovolipetsk Iron & Steel CorporationPOSCORaspadskaya OJSCSamarco Mineracao S.A.SeverstalSiderar S.A.I.C.Siderurgica del Turbio S.A.Steel Authority of India Ltd. (SAIL)Sumitomo Metal Industries, Ltd.Tata Steel Ltd.Tata Steel UK LimitedThyssenKrupp AGUnited States Steel Corporation (U.S. Steel)Usinas Siderurgicas De Minas Gerais S.A. (USIMINAS)Uttam Galva Steels LtdWuhan Iron & Steel Co800897798008995980090452800905708009176780360754803609358036099080361256803623378036233880362339804171798048437780725182808678318097585781818076820279468203383482237464822736878233029582395113826028748307132583071328830879258345646484602669847420708538807385714875857842738580967385883873866779238681454686818745868305487/1/2008 10:10:41 AM010000000101000001030000010312000103120201031500010322000104000001070000275Special Report00089805490500055500113500265500470504701504823513216532727540154055406541154140600019BSLCAPCHMFCSNA3ERARGOAU3MAGNNLMKRASPTKAUSIM3VALE3X391364_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/fitch/424641_pr_framefitch/424641_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Angang Steel Co LtdArcelorMittal SABaoshan Iron & Steel Company LtdBlueScope Steel LimitedCAP S.A.Companhia Siderurgica Nacional (CSN)Companhia Vale do Rio DoceEvraz Group S.A.Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S.Industrial Union of Donbass CorporationInterpipe LimitedJFE Holdings, Inc.Kobe Steel, Ltd.Magnitogorsk Iron & Steel WorksMetalurgica Gerdau S.A.Nippon Steel CorporationNovolipetsk Iron & Steel CorporationPOSCORaspadskaya OJSCRio Tinto LimitedRio Tinto plcSamarco Mineracao S.A.SeverstalSiderurgica del Turbio S.A.Sumitomo Metal Industries, Ltd.Tata Steel Ltd.Tata Steel UK LimitedThyssenKrupp AGUnited States Steel Corporation (U.S. Steel)Usinas Siderurgicas De Minas Gerais S.A. (USIMINAS)Wuhan Iron & Steel Co800899598009045280090570800917678036075480360935803612568036233780362338803623398048437780725182808678318097585781818076822736878233029582330514823305238239511382602874830713258307132883087925846026698474207085388073857148758578427385809673858838736/25/2008 10:08:00 AM0100000001030000010312000103120201031500010400000107000085Press Release00089805490500470540154055406541154140600019BSLCAPCHMFCSNA3GOAU3MAGNNLMKRASPRIOTKAUSIM3VALE3X424641_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/ccbn/T1745866ccbn/T1745866norm... - ThyssenKrupp AG - Vice Chairman and CFO Ladies and gentlemen, I would like to bid you a very warm welcome. Here, also, in the name of Olaf Berlien, my colleague from the Executive Board, and Claus Ehrenbeck, Head of Investor Relations. Welcome also to our Internet listeners who are following the video stream online and those listening by phone. The large attendance today signals your lively interest in our Company, for which I would like to thank you. Furthermore, it's evident that London as a location to present our first half-year results have again -- was again the right choice, and we will keep this tradition. ... 5/19/2008 12:09:00 AMThyssenKrupp AG54.0000FinalQ2 2007/2008 ThyssenKrupp AG Earnings Presentation TranscriptTKA.F10:00am UKTTranscriptT1745866Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/fitch/412953_pr_framefitch/412953_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Daimler AGFiat SpAPSA Peugeot Citroen S.A.Renault SAThyssenKrupp AGVolkswagen AG8035957880360212803612568046096880622192806384223/19/2008 10:09:00 AM01000000010300000103130001031301010315000104000085Press Release13190DAIFTKAUGVOW412953_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/spcred/635673spcred/635673normThe latest Full Report from S&P3/14/2008 3:57:38 PMFull Report400globalstructured635673GermanySteelEurope, Middle East, AfricaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesBuilding MaterialsCapital GoodsChemicalsMetals & MiningFull ReportStrong market positions, notably in steel Moderate diversification of businesses by industry and geography Healthy cash flow generation Generally supportive steel market conditions Strategically focused on growth Significant pension liabilities Growth strategy expected to lead to moderately higher debt Steel operations lack own source of raw materials, exposed to much higher costs Weakening economic outlook in steel and capital goods sectors The ratings on Germany-based industrial conglomerate ThyssenKrupp AG (TK) reflect its strong market positions, diverse portfolio, healthy cash flow generation, and strategic focus on growth. The ratings remain constrained, however, by high pension liabilities; quite low profit margins in some segments, but improving overall; sharply rising raw material costs; the capital-intensive nature of the steel and capital goods sectors;DEU15104050 151040 1510 15ThyssenKrupp AG352838EUROMIDAFRUSATKA@GRFULLDEUUSA15104050 151040 1510 15ThyssenKrupp Finance Nederland B.V.ThyssenKrupp Finance USA Inc.359852364854EUROMIDAFRUSA114128Z@NAGLOBISSSTRUCCORPABSBuildingCapitalChemicalsMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/635677spcred/635677normThe latest Summary from S&P3/14/2008 3:57:38 PMSummary175globalstructured635677GermanySteelEurope, Middle East, AfricaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesBuilding MaterialsCapital GoodsChemicalsMetals & MiningSummaryThe ratings on Germany-based industrial conglomerate ThyssenKrupp AG (TK) reflect its strong market positions, diverse portfolio, healthy cash flow generation, and strategic focus on growth. The ratings remain constrained, however, by high pension liabilities; quite low profit margins in some segments, but improving overall; sharply rising raw material costs; the capital-intensive nature of the steel and capital goods sectors; and rising debt to support high capital spending. TK continues to be focused on executing its accelerated growth ambitions and heightened spending plans. Specifically, by 2012 TK is targeting annual revenues of €65 billion and profits before tax of €4.5 billion-€5.0 billion (before major nonrecurring items). This compares with €52 billion and €3.8 billion in fiscal 2007 (year to September 2007)DEU15104050 151040 1510 15ThyssenKrupp AG352838EUROMIDAFRUSATKA@GRSUMMARYDEUUSA15104050 151040 1510 15ThyssenKrupp Finance Nederland B.V.ThyssenKrupp Finance USA Inc.359852364854EUROMIDAFRUSA114128Z@NAGLOBISSSTRUCCORPABSBuildingCapitalChemicalsMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/635666spcred/635666normThe latest Summary from S&P3/14/2008 1:37:38 PMSummary175globalstructured635666GermanySteelEurope, Middle East, AfricaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesBuilding MaterialsCapital GoodsChemicalsMetals & MiningSummaryThe ratings on Germany-based industrial conglomerate ThyssenKrupp AG (TK) reflect its strong market positions, diverse portfolio, healthy cash flow generation, and strategic focus on growth. The ratings remain constrained, however, by high pension liabilities; quite low profit margins in some segments, but improving overall; sharply rising raw material costs; the capital-intensive nature of the steel and capital goods sectors; and rising debt to support high capital spending. TK continues to be focused on executing its accelerated growth ambitions and heightened spending plans. Specifically, by 2012 TK is targeting annual revenues of €65 billion and profits before tax of €4.5 billion-€5.0 billion (before major nonrecurring items). This compares with €52 billion and €3.8 billion in fiscal 2007 (year to September 2007)DEU15104050 151040 1510 15ThyssenKrupp AG352838EUROMIDAFRUSATKA@GRSUMMARYDEUUSA15104050 151040 1510 15ThyssenKrupp Finance Nederland B.V.ThyssenKrupp Finance USA Inc.359852364854EUROMIDAFRUSA114128Z@NAGLOBISSSTRUCCORPABSBuildingCapitalChemicalsMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/377104_report_framefitch/377104_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.ThyssenKrupp AG803612563/12/2008 2:09:00 PM01000000010300000103150001040000425Full Rating ReportTKA377104_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/spcred/633271spcred/633271normThe latest Summary from S&P2/29/2008 10:52:37 AMSummary175globalstructured633271GermanySteelEurope, Middle East, AfricaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesMetals & MiningSummaryThe ratings on Germany-based industrial conglomerate ThyssenKrupp AG (TK) reflect its strong market positions, diverse portfolio, healthy operating cash flow generation, and strategic focus on growth. The ratings remain constrained, however, by high pension liabilities; quite low profit margins in some segments, but improving overall; sharply rising raw material costs; the capital-intensive nature of the steel and capital goods sectors; and rising debt to support high capital spending. TK continues to be focused on executing its accelerated growth ambitions and heightened spending plans. Specifically, by 2012 TK is targeting annual revenues of €65 billion and profits before tax of €4.5 billion-€5.0 billion (before major nonrecurring items). This compares with €52 billion and €3.8 billion in fiscal 2007 (year to SeptemberDEU15104050 151040 1510 15ThyssenKrupp AG352838EUROMIDAFRUSATKA@GRSUMMARYGLOBISSSTRUCCORPABSMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/406632_pr_framefitch/406632_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Angang Steel Co LtdArcelorMittal SA (Former)Baoshan Iron & Steel Company LtdCherepovets MF SeverstalEvraz Group S.A.Nippon Steel CorporationNovolipetsk Iron & Steel CorporationPOSCOThyssenKrupp AGVale800904528036125680362337809758578181807682330295823951138260287483071325846026692/21/2008 10:08:00 AM0100000001030000010312000103120201031500010400000107000085Press Release000898054905401600019CHMFNLMKTKAVALE3406632_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/bir/241bir/241normManufacturing: Capital goods and manufactured products, trading and services, specialty steel, steel production.ThyssenKrupp AGThyssen AGKrupp AG Hoesch-KruppGiddings and Lewis Inc.Thyssen KruppGermanyManufacturing: Capital goods and manufactured products, trading and services, specialty steel, steel production.35413335129IMTKA2/15/2008 6:24:51 AM241Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/ccbn/T1745858ccbn/T1745858norm...Morning or good afternoon ladies and gentlemen and welcome to the ThyssenKrupp first quarter results conference call. At this time all participants are in listen only mode. Later we will conduct a Q&A session and instructions will follow at that time. (OPERATOR INSTRUCTIONS). Just to remind you all this conference call is being recorded. I would now like to hand over to today's Chairperson, Mr. Claus Ehrenbeck, please begin your meeting sir and I shall be standing by.... 2/13/2008 3:12:00 PMThyssenKrupp AG54.0000FinalQ1 2007/2008 ThyssenKrupp AG Earnings Conference Call TranscriptTKA.F2:30pm CETTranscriptT1745858Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/fitch/405232_pr_framefitch/405232_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.ThyssenKrupp AG803612562/12/2008 2:06:00 PM0100000001030000010315000104000075Press ReleaseTKA405232_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/moodys/PBC_107303moodys/PBC_107303pdfAnalysis2/6/2008 12:21:51 PM...ThyssenKrupp AG ( TK , the group ) rated Baa#/Prime-#, positive outlook was created in #### through the merger of Thyssen and Krupp. Headquartered in D sseldorf, Germany, the group is a diversified industrial conglomerate which currently operates through three main business areas, Steel, Capital Goods and Services, which are organised in five segments: Carbon Steel, Stainless Steel, Technolog ies, Elevator and Services. TK has leading market positions in each segm ent and is one of the largest steel producers worldwide. With more than ###,### employees, and operations in more than ## countries worldwide, the group generated sales of ## billion in the financial year ended September ## ## ( FY ####/## ), of which ##.# billion was related to the (Carbon) Steel and Stainless Steel segment. ... ThyssenKrupp AG749080300.0000AnalysispdfThyssenKrupp AGPBC_107303Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/CMT_0000420996moodys/CMT_0000420996htmlIssuer Comment2/2/2008 1:38:30 AMGlobal Credit Research Issuer Comment # FEB #### Issuer Comment: ThyssenKrupp AG ThyssenKrupp's Ratings unaffected by announced share-buyback Following ThyssenKrupp's announcement to buy back up to ##.# million shares which will lead...ThyssenKrupp AG749080150.0000NewshtmlThyssenKrupp AGCMT_0000420996Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_749080moodys/COP_749080htmlCredit Opinion1/2/2008 8:20:07 PMGlobal Credit Research Credit Opinion ## DEC #### Credit Opinion: ThyssenKrupp AG ThyssenKrupp AG Duesseldorf, Germany Ratings Category Moody's Rating Outlook Positive Issuer Rating Baa# Senior Unsecured -Dom Curr Baa# Commercial Paper...ThyssenKrupp AG749080150.0000NewshtmlThyssenKrupp AGCOP_749080Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1670024ccbn/T1670024norm12/31/2007 6:05:33 PMThyssenKrupp AG54.0000FinalThyssenKrupp AG Analyst and Investor Meeting TranscriptTKA.F2:00pm CET... - ThyssenKrupp AG - Head of IR Good afternoon, ladies and gentlemen. A very warm welcome to ThyssenKrupp's fiscal year ####/#### analysts' and investors' conference today here at Villa Hugel in Essen. I would also like to welcome Internet and telephone listeners who are following the A/V online transmission of today's meeting. My name is Claus Ehrenbeck. This morning we published our results. All the relevant information is out and I'm sure you have already been through it in detail. We just posted all the charts we will be showing today a few minutes ago on the Internet. Before I walk you through the agenda of today's meeting, let me make a few housekeeping remarks, please. Since we do have an A/V stream and an open phone line, I would like to kindly ask you here in the room not to use your mobile phones and BlackBerrys. And for the Q&A session, please use the microphones in front of you. Those of you who are following the online transmission can send us questions to the following email... TranscriptT1670024Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/605110spcred/605110normThe latest Summary from S&P10/1/2007 8:35:11 AMSummary175structuredglobal605110GermanySteelEurope, Middle East, AfricaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesMetals & MiningSummaryThe ratings on Germany-based industrial conglomerate ThyssenKrupp AG (TK) reflect its strong market positions, diverse portfolio of businesses, and strategic shift in focus on growth. The ratings also reflect TK's healthy cash flow generation and a track record of debt reduction. The ratings remain constrained, however, by the cyclical, competitive, and capital-intensive steel, automotive, and capital goods industries. The group also has high pension liabilities and relatively low margins in some segments, although profitability is improving overall. TK continues to experience healthy operating performance across its businesses, in part due to healthy average steel prices. In the nine months to June 30, 2007, TK reported EBITDA of about €4.7 billion, up 35% (before nonrecurring items, primarily a €480 million EUDEU15104050 151040 1510 15ThyssenKrupp AG352838EUROMIDAFRUSATKA@GRSUMMARYGLOBISSSTRUCCORPABSMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/365873_pr_framefitch/365873_pr_framehtmlAnglo American plcArcelor Mittal NVBouygues S.A.Calik Holding ASCherepovets MF SeverstalCorus Group plcDogus Holding A.S.Evraz Group S.A.Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S.Harmony Gold Mining Company Ltd.Industrial Union of Donbass CorporationJenoptik AGKaufman & Broad S.A.Koninklijke Philips Electronics N.V.Magnitogorsk Iron & Steel WorksMastercroft LimitedMIRAX GROUP LLCNational Atom Company Kazatomprom CjscObrascon Huarte Lain, S.A.Pequenos y Medianos AstillerosRheinmetall AGRio Tinto plcSaudi Basic Industries Corporation (SABIC)Sociedad Estatal de Participaciones IndustrialesSolvay SAStora Enso OyjTaylor Wimpey plcThyssenKrupp AGUPM-Kymmene CorporationVinci S.A.Würth GroupYasar Holding A.S.8035996880359988803603548036044880360477803607548036078680361057803610588036122980361256803613198050669280684852806861798072518280732786809758578181807681944919820793528229169482330514823951138262509383089125831732168330626183479269837464658394046783977065841558698451807184602669846670738494547385388073857148758578427385810273858960738/21/2007 2:07:00 PM010000000103000001030101010304000103050001030900010309020103110001031200010312010103120201031300010313020103140001031500010316000103170301031800010322000103240001040000010700000600000075Press Release0120500121052010AALCHMFDGHARJENMAGNMTOHLPHIARHMRIOSOLBSTE.ATKATW.UPM.1Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.365873_pr_frameCredit & Investment ResearchFitchResearch