Wartsila Oyj Abp · OMXHEX:WRT1V

Wartsila Oyj Abp — Wärtsilä — Q2 2001 Earnings Presentation

18 slides from Wartsila Oyj Abp's earnings presentation, 2001

  1. Slide 1: Wärtsilä Q2/2001

    Wartsila Q2/2001 re, WARTSILA © WARTSILA 1SER146

  2. Slide 2: Highlights

    Highlights n Power Divisions net sales decreased and profitability weakened during the second quarter due to the timing of the deliveries n Order book at record level even though order intake was lower than last year n Strong growth in gas power plant orders continued n Ciserv acquisition extends sc

  3. Slide 3: Power Divisions

    Power Divisions EUR mill. 4-6/2001 4-6/2000 Change 2000 Net sales 528.2 544.4 -3.0% 2,287.8 Operating profit 10.6 19.3 -45.2% 86.2 % of net sales 2.0% 3.6% 3.8% Order intake 549.6 595.0 -7.6% 2,460.6 Order book 1,803.4 1,576.3 14.4% 1,624.2 Order book 1800 EUR mill. 1600 1400 1200 1000 800 600 400 2

  4. Slide 4: Marine & Licensing

    Marine & Licensing EUR mill. 4-6/2001 4-6/2000 Change 2000 Net sales 160.1 181.9 -12.0 % 719.7 Order intake 123.2 224.0 -45.0 % 878.9 Order book 925.3 810.0 14.2 % 888.1 Power Divisions net sales 4-6/2001 EUR 528.2 mill. n Marine & Licensing 30 % 1SER146 4

  5. Slide 5: Vessel order book by shipyard country

    Vessel order book by shipyard country Source: Clarkson Research Studies 125 Korea Japan China Others Vessel Orderbook [ million DWT ] 100 75 50 25 0 12-96 06-97 12-97 06-98 12-98 06-99 12-99 06-00 12-00 06-01 Note: Cargo vessels > 5000 dwt 1SER146 5

  6. Slide 6: Vessel order book by vessel type

    Vessel order book by vessel type Source: Clarkson Research Studies 125 Tankers Bulkers Containers Others Vessel Orderbook [ million DWT ] 100 75 50 25 0 12-96 06-97 12-97 06-98 12-98 06-99 12-99 06-00 12-00 06-01 Note: Cargo vessels > 5000 dwt 1SER146 6

  7. Slide 7: Power Plants

    Power Plants EUR mill. 4-6/2001 4-6/2000 Change 2000 Net sales 165.9 183.9 -9.8 % 834.6 Order intake 215.0 198.1 8.5 % 851.0 Order intake MW 479.6 363.0 32.1 % 1,929.2 of which gas power plants 228.5 39.9 472.7 % 232.0 Order book 625.2 614.6 1.7 % 518.5 Power Divisions net sales 4-6/2001 EUR 528.2 m

  8. Slide 8: Power plant orders 4-6/2001

    Power plant orders 4-6/2001 Europe gas 60 MW oil 141 MW Asia no new orders Americas gas 158 MW oil 177 MW Africa and the other regions gas 11 MW oil 3 MW 1SER146 8

  9. Slide 9: The biggest gas power plant order in USA

    The biggest gas power plant order in USA 110 MW gas power plant to Plains End, Colorado 1SER146 9

  10. Slide 10: Service

    Service EUR mill. 4-6/2001 4-6/2000 Change 2000 Net sales 195.9 169.4 15.6 % 702.0 Personnel, end of period 4,739 4,429 7.0 % 4,485 O&M agreements, MW 1,509 1,189 26.9 % 1,262 Power Divisions net sales 4-6/2001 EUR 528.2 mill. n Service 37 % 1SER146 10

  11. Slide 11: Growth of Service

    Growth of Service Net sales by quarter Q1/1999-Q2/2001 200 40% Net sales EUR mill. 150 30% Growth 100 20% 50 10% 0 0% Q1/1999 Q2/2001 1SER146 11

  12. Slide 12: The Total Ship Service Supplier

    The Total Ship Service Supplier n A strong brand in the shipping world n Strengthens Wärtsilä’s position as the total ship service supplier Í In addition non-engine service n Opportunity to expand service of the Sulzer engines and other brands 1SER146 12

  13. Slide 13: R&D

    R&D n Systematic R&D work to reduce the emissions continues n Wärtsilä’s first environmental report published n ISO quality and environmental certification continues n Lloyd’s List’s environmental award to EnviroEngine 1SER146 13

  14. Slide 14: Imatra Steel

    Imatra Steel EUR mill. 4-6/2001 4-6/2000 Change 2000 Net sales 49.2 51.3 -4.1 % 194.1 Operating profit 2.9 5.8 -50.5 % 17.4 % of net sales 5.9 % 11.3 % 9.0% n The market for special Wärtsilä net sales 4-6/2001 EUR 1,073.8 mill. engineering steels continued to weaken n Imatra Steel 9% n Truck product

  15. Slide 15: Sale of Sanitec and Assa Abloy shares

    Sale of Sanitec and Assa Abloy shares n In the first months of the year the divestment of holdings was continued in accordance with the published strategy n Capital income totals EUR 773 million n Capital gain from Sanitec shares EUR 254 millions, EUR 2.65 per share after taxes n Capital gain from A

  16. Slide 16: Wärtsilä key figures

    Wärtsilä key figures EUR mill. 1-6/2001 1-6/2000 1-6/2000* 2000 Net sales 1,073.8 1,352.1 1,127.7 2,706.8 Operating profit 560.2 165.3 147.4 367.1 Profit before extraordinary items 559.4 150.4 135.8 336.1 Earnings per share, euro 6.43 1.70 4.20 * Proforma, without Sanitec. 1SER146 16

  17. Slide 17: Divisional profitability

    Divisional profitability Operating profit/net sales by quarter Q1/1999-Q2/2001 6 % Before 4 restructuring 2 provision 0 -2 -4 -6 Q1/99 Power Divisions Q2/01 12 % 10 8 6 4 2 0 Q1/99 Imatra Steel Q2/01 1SER146 17

  18. Slide 18: Outlook for 2001

    Outlook for 2001 Power Divisions n The good order book and the growing service business will raise net sales in 2001 n Systematic measures to raise productivity and quality will be continued in order to achieve the long-term performance target n Even though the result has been depressed by the EUR 3

Wärtsilä — Q2 2001 Earnings Presentation on 6ix