Wartsila Oyj Abp · OMXHEX:WRT1V
Wartsila Oyj Abp — Wärtsilä — Investor Presentation (March 2009)
32 slides from Wartsila Oyj Abp's investor presentation, Mar 12, 2009
Slide 1: Wärtsilä Corporation Corporate Presentation 2009
WÄRTSILÄ CORPORATION CORPORATE PRESENTATION 2009 1 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 2: This is Wärtsilä
This is Wärtsilä SHIP POWER POWER PLANTS SERVICES 2 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 3: Our Mission and Vision
Our Mission and Vision Mission We provide lifecycle power solutions to enhance the business of our customers, whilst creating better technologies that benefit both the customer and the environment. Vision We will be the most valued business partner of all our customers. 3 © Wärtsilä 12 March 2009 WÄ
Slide 4: Our offering
Our offering … we are seeking growth beyond the organic growth NON-ENGINE RELATED SERVICES Ship services OEM Power services Plants Engines Propulsors ADDITIONAL Ship Power systems PRODUCTS O&M Competitors’ engines ADDITIONAL ENGINE BRANDS 4 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 5: Wärtsilä Ship Power
Wärtsilä Ship Power WE ARE THE LEADING PROVIDER OF SHIP POWER SOLUTIONS. WE COMMAND A STRONG POSITION IN ALL MAIN MARINE SEGMENTS AS THE SUPPLIER OF HIGHLY RATED SHIP MACHINERY AND SYSTEMS 5 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 6: We will
We will • Maintain our leading position and generate profitable growth in all business segments • Broaden and develop the range of system integration and design, installation and engineering services • Strengthen competences, capabilities and presence in key markets • Continuously explore possibilit
Slide 7: Design is key to early entry and full lifecycle commitment
Design is key to early entry and full lifecycle commitment Wärtsilä’s envisaged • Operator sees need(s) for lifecycle entry point vessel • Owner decides to invest in DESIGN vessel • Owner contacts ship designer to discuss requirements and Wärtsilä’s specifications to meet historical operator needs l
Slide 8: Our offering covers all key shipping segments
Our offering covers all key shipping segments Cruise Special Merchant Offshore Navy and Ferry Vessels 8 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 9: We have the most extensive product portfolio in the industry
We have the most extensive product portfolio in the industry Engines Propulsion Seals & Automation Power Power Bearings Distribution Drives Merchant Wärtsilä Components Offshore Segment specific R&D • Concepts Cruise & Ferry • Applications Ship design • Project Execution Models Product • System Inte
Slide 10: Wärtsilä Ship Power competitive landscape
Wärtsilä Ship Power competitive landscape Automation Propulsors Bearings Turbines Power & Gensets 2-stroke 4-stroke engines engines Seals & Design Cells Product technologies Ship Fuel Companies Wärtsilä MAN Mitsubishi Heavy Industries Caterpillar Rolls Royce Tognum / MTU Niigata Hyundai / Himsen Sch
Slide 11: Wärtsilä Power Plants
Wärtsilä Power Plants WE ARE A LEADING SUPPLIER OF FLEXIBLE POWER PLANTS FOR THE DECENTRALIZED POWER GENERATION MARKET 11 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 12: Our promise
Our promise • We provide superior value to our customers with our decentralized, flexible, efficient and environmentally advanced energy solutions • Our technology will enable a global transition to a more sustainable and modern energy infrastructure 12 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 13: Our target: World leader in selected niches
Our target: World leader in selected niches • Flexible Baseload Power Generation for the developing world, islands, remote areas • Grid Stability and Peaking for strong grids, enabling increase of renewables • Industrial Self-Generation for large industries • For the Oil and Gas Industry mechanical
Slide 14: We are poised for growth
We are poised for growth Business fundamentals strong Product matching market needs – Now Services packages a clear differentiator and in the future • Local presence globally • Fuel flexibility • Planning of optimal power solutions • High efficiency in consultation with the customer • Low environmen
Slide 15: Wärtsilä Services
Wärtsilä Services WE SUPPORT OUR CUSTOMERS THROUGHOUT THE LIFECYCLE OF THEIR INSTALLATIONS BY OPTIMIZING EFFICIENCY AND PERFORMANCE We provide the broadest portfolio and best services in the industry for both ship power and power plants. We offer expertise, proximity and responsiveness for all custo
Slide 16: Market Drivers
Market Drivers • Technologies and Solutions that address environmental issues. Environmental concern and environmental regulations in the marine as well as power markets are becoming more and more stringent. Wärtsilä Services offers environmentally sound primary and secondary technologies as retrofi
Slide 17: Focus Areas
Focus Areas Wärtsilä Services becomes the most valued business partner by understanding customers’ problems and assembling the appropriate solution to solve them. 17 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 18: Wärtsilä Services
Wärtsilä Services 70 countries > 160 locations > 11’000 people > 7’000 field service forces 18 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 19: One Step Ahead…
One Step Ahead… 19 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 20: R&D philosophy – guiding principles
R&D philosophy – guiding principles Wärtsilä products should be • Market leading in technologies that benefit both the customer and the environment • Integrated • Reliable • Cost efficient over the total life cycle • Suitable for the full range of fuels • Efficient • Emission compliant 20 © Wärtsilä
Slide 21: Global R&D – Strategy statement
Global R&D – Strategy statement Global Research & Development • Wärtsilä develops, designs and manufactures competitive engine and propulsion products, along with solutions based on these. • In our Research & Development activities, the objective is to achieve a leading position in engine technology
Slide 22: Wärtsilä Global Research & Development
Wärtsilä Global Research & Development Vaasa Global R&D units in different countries Main Center: 4-stroke Wärtsilä Global R&D activities engines Research Institutes Universities Drunen Propulsion Helsinki Main Center: Winterthur Fuel Cells Main Center: 2-stroke engines Bermeo Trieste 4-stroke 4-str
Slide 23: Product Flexibility
Wärtsilä’s manufacturing philosophy “Being the provider of highly rated products for our Ship Power and Power Plants businesses. Our operational targets are Q (Quality), D (Delivery) and C (Cost), in that order.” Examples: Our Manufacturing Process: Our Manufacturing Concept: Information & Material
Slide 24: Manufacturing footprint
Manufacturing footprint Rubbestadneset, Norway Trondheim, Norway CPP Power Drives China Gears CSSC: Hudong, CME R&D CSIC: Dalian, Yichang, QMD Propulsion Controls Vaasa, Finland Rong’an Stord, Norway W20 Power Drives, W32/32DF/34SG Drunen, The Netherlands Power Distribution R&D Qingdao, China CPP, F
Slide 25: Sustainability plays a central role in our business
Sustainability plays a central role in our business Wärtsilä’s Stakeholders Continuous improvement and reporting Economic Environmental Social responsibility responsibility responsibility Profitable, Sustainable Responsible Values Principles competitive and use of natural corporate efficient busines
Slide 26: Global 100: Most Sustainable Corporations in the World
Global 100: Most Sustainable Corporations in the World • Wärtsilä is, for the first time, included in the list of the 100 most sustainable companies in the world. • The companies included in the Global 100 were considered to have managed their environmental, social and governance risks and opportuni
Slide 27: Financial highlights
Financial highlights MEUR 2008 2007 2006 2005 Order intake 5 573 5 663 4 621 3 491 Order book at the end of the period *) 6 883 6 308 4 439 2 906 Net sales 4 612 3 763 3 190 2 639 Operating result 525 380 263 225 % of net sales 11.4 10.1 8.2 8.5 Profit before taxes 516 372 255 212 Earnings/share, EU
Slide 28: Net sales by market area
Net sales by market area MEUR 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2004 2005 2006 2007 2008 Asia Europe Americas Other 28 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 29: Personnel development
Personnel development 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 2004 2005 2006 2007 2008 Services Ship Power Power Plants Industrial Operations 29 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 30: Improved profitability
Improved profitability MEUR 600 20% 500 15% 400 300 10% 200 5% 100 0 0% 2004 2005 2006 2007 2008 EBIT EBIT % 30 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 31: Prospects for 2009
Prospects for 2009 Despite the risk of cancellations, the substantial order book at the end of the year should support a 10-20 percent growth in net sales for 2009, which would maintain the profitability at last year’s good level. 31 © Wärtsilä 12 March 2009 WÄRTSILÄ CORPORATION
Slide 32: Wärtsilä
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