The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Christian Obst - Baader-Helvea Equity Research - Analyst
: So I wonder a little bit about the EBIT margin -- midterm EBIT margin, which is not very ambitious, I would say, because this was a former margin
some years ago. I had that in mind. And now you have a 20% productivity increase in Europe, you will further increase productivity here, and you
have a strong development towards a new mix, which means more value-added services. So why do you not have an EBIT margin target, which is
well above the 2% to 3%?
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DECEMBER 02, 2021 / 9:00AM, TKAG.DE - Thyssenkrupp AG Capital Market Day
Question: Christian Obst - Baader-Helvea Equity Research - Analyst
: I have a question concerning cash usage going forward. So if my calculation is right, of course, you will end the current business year with the more
than EUR 4 billion of net cash. So what you'd like to do with these more than EUR 4 billion going forward, I think your guidance is now for a positive
free cash flow going forward, more divestments and so on and so forth. So you are piling up even more cash going forward. So you don't need it
for the CapEx because you are guiding for a positive free cash flow generation here. So what do you have in mind with these EUR 4-plus billion in
cash in the next coming years?
Question: Christian Obst - Baader-Helvea Equity Research - Analyst
: You're not paying for that.
Question: Christian Obst - Baader-Helvea Equity Research - Analyst
: Just a try. And then the next 1 is on the adjusted EBIT. So why do you still guiding on an adjusted EBIT where you're still reporting this adjusted
EBIT. And I think it makes sense going forward just to concentrate on these kind of reported earnings going forward and then extract some structural
changes or earnings to restructure changes. But normally, it should be some kind of a normal reported at going forward, do you agree?
Question: Christian Obst - Baader-Helvea Equity Research - Analyst
: Okay. And the last 1 is on Multi Tracks. Why do you still have Multi Tracks in the portfolio, let's put it that way. So 50% approximately are now out
for sale. We have a longer-term view maybe on plant technologies. We have only 2 parts in there, which are now a little bit closer for solutions
going forward. So why do you not change from Multi Tracks to segment reporting, and also you can Forged Technologies and Bearings. Why not
run these as 2 separate entities because as I have learned, though, the interconnection is not that much between these 2, they are standalone
companies as such, I would say.
Question: Christian Obst - Baader-Helvea Equity Research - Analyst
: Okay. I would assume this would be a time frame of 2 to 3 years approximately?
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