Bilfinger Se · XETR:GBF
Bilfinger — Investor Day (November 2013)
24 slides from Bilfinger's investor day presentation, Nov 29, 2013
Slide 1: Capital Markets Day „Bilfinger Power“
Bilfinger SE Capital Markets Day „Bilfinger Power“ Joachim Enenkel | Member of the Executive Board at Bilfinger SE November 29, 2013
Slide 2: Successful evolution into an Engineering and Services Group
Bilfinger SE in 2013 Successful evolution into an Engineering and Services Group Output volume by region Output 4% 32% 84% volume shared services EBITA margin 0.8% EBITA margin 1.6% EBITA margin adj. 4.4% 2001 2005 2012 Technological Diversification Regional Diversification and Internal Cooperation
Slide 3: Our differentiation and strengths
Bilfinger SE in 2013 Our differentiation and strengths Overview Bilfinger‘s contract structure Bilfinger‘s contract structure Industrial Power Mio. € ~ 60% 77% 40% 8 7 4% 6 Services (OPEX driven) 5 Projects (CAPEX driven) 4 3 Building & Facilities Construction 2 60% 1 0 Bilfinger 2001 Bilfinger 2013
Slide 4: Future growth is one of Bilfinger's core strategic challenges
Bilfinger SE in 2013 Future growth is one of Bilfinger’s core strategic challenges Deeper integration Organic External through cooperation growth strategy growth strategy between segments Expansion of higher-margin Leveraging of customer Broadening and balancing activities relationships from o
Slide 5: Slide 5
Slide 6: Power Systems Key figures
Bilfinger Power Systems Key figures Output volume 2006 – 2012 (€ million) Output volume by region FY 2013 17% 13% Germany 1,500 9.3% >9.3% 10. 0% Rest of Europe Output Leistung EBITA margin 2% volume 9.0 % 2013e America 8.3% 8.0% 1,319 ~1,300 €1.3bn Africa 33% Asia 8.0 % 7.3% 1,157 35% 1,106 1,000 7
Slide 7: Power Systems Strengths and competences
Bilfinger Power Systems Strengths and competences Selected acquisitions within Bilfinger Group Neo Structo A focused acquisition strategy is in plan to reach our goals for 2016 Tebodin Value chain of activities Basic Detail Service, Plant or construction Execution, erection, maintenance & design Eng
Slide 8: Power Systems Range of activities
Bilfinger Power Systems Range of activities ¾ of the Power Systems activities are currently in the ¼ of the Power Systems activities are currently in the area of brownfield (OPEX and CAPEX) area of greenfield (CAPEX) Examples: Examples : ▪ Maintenance services, repair, spare parts ▪ Construction of
Slide 9: Range of activities – selected references
Bilfinger Power Systems Range of activities – selected references ¾ of the Power Systems activities are currently in the ¼ of the Power Systems activities are currently in the area of brownfield (OPEX and CAPEX) area of greenfield (CAPEX) Reference: Lignite-fired power plant Belchatow, Poland Refere
Slide 10: Power Systems Market potential
Bilfinger Power Systems Market potential ▪ η = net efficiency Net efficiency – current power generation 𝑛𝑒𝑡 𝑢𝑠𝑒𝑓𝑢𝑙 𝑒𝑛𝑒𝑟𝑔𝑦 ▪ η= x 100 𝑖𝑛𝑝𝑢𝑡 𝑒𝑛𝑒𝑟𝑔𝑦 ▪ Market potential derives from increase in 38% 38% efficiency, increase of available capacity and environmental protection…
Slide 11: The energy sector
Bilfinger Power Systems The energy sector Analysis of the energy sector and determination of We generate an annual volume of approx. €2 billion target markets – examples for decisive factors in the national and international energy sector ▪ Number of existing power plants in a given country ▪ Type o
Slide 12: Analysis of selected energy sectors
Bilfinger Power Systems Analysis of selected energy sectors Installed electricity generating capacity (in GW) Installed electricity generating capacity Installed by sources and regions (in GW) USA IN POL RUS VIE DEU Total 30% Coal 343,8 132,3 28,7 58,6 2,1 55,1 620,6 8% Oil 57,5 1,2 1,0 83,8 1,2 6,4
Slide 13: Analysis of selected energy sectors
Bilfinger Power Systems Analysis of selected energy sectors Overview average age of power plant units Overview initial year of operation (on the example of power plant units USA) (on the example of power plant units USA) 3000 1950 - 1960 - 1970 - 1980 - 1990 - < 1950 1959 1969 1979 1981 1999 ≥ 2000
Slide 14: LifeCycle approach – products and services from a single source
Strength & Innovations of Bilfinger Group LifeCycle approach – products and services from a single source Design & Manufacturing Engineering & Assembly Coal Gas Nuclear Hydro Services & Rehabilitation/ Maintenance Modernization Capital Markets Day | November 29, 2013 page 14
Slide 15: Power plant range of services – Coal
Strength & Innovations of Bilfinger Group Power plant range of services – Coal Piping systems and Turbine technology and Firing technology Scaffolding pressure parts service for steam turbines Foundations and framework Electrical instrumentation and control technology Steam turbine Generator Erectio
Slide 16: Selected references – Coal
Strength & Innovations of Bilfinger Power Selected references – Coal Babcock Noell | Heat recovery from flue gas Bilfinger Envi Con | Engineering Boxberg power plant | Germany Power Plant Westfalen / RWE, Block D & E | Germany ▪ Flue gas desulfurization technology and the Powerise system ▪ Overall p
Slide 17: Power plant range of services – Combined Cycle Power Plant
Strength & Innovations of Bilfinger Group Power plant range of services – Combined Cycle Power Plant Piping systems Turbine technology and Firing technology Scaffolding and pressure parts service for steam turbines Foundations and framework Electrical instrumentation Waste heat boiler Erection and c
Slide 18: Selected references – Combined Cycle Power Plant
Strength & Innovations of Bilfinger Power Selected references – Combined Cycle Power Plant Babcock Borsig Steinmüller | Heat Recovery Steam Generator Bilfinger Mauell | Control Room Technology Heat Recovery Steam Generator Mellach | Austria Control Room CCP Plant Munich South ▪ Design, construction,
Slide 19: Power plant range of services – Nuclear Energy
Strength & Innovations of Bilfinger Group Power plant range of services – Nuclear Energy Nuclear technology Piping systems Turbine technology and Scaffolding (containment liners and structures) and pressure parts service for steam turbines Foundations and framework Cooling tower Electrical instrumen
Slide 20: Selected references – Nuclear Energy
Strength & Innovations of Bilfinger Power Selected references – Nuclear Energy Babcock Noell | Nuclear Technology Babcock Noell | Nuclear Technology Bilfinger Piping Technologies Nuclear Power Station Caorso (Piacenza) | Italy Nuclear Power Station Olkiluoto 3 | Finland ▪ PHADEC (PHosphoric Acid DEC
Slide 21: Power plant range of services – Hydropower
Strength & Innovations of Bilfinger Group Power plant range of services – Hydropower Construction engineering/ Carcassing Overhead line construction Cleaning systems/ Screen (Hydroelectric engineering) Construction logistics/ Hydraulic steel structures/ Gates supply and disposal Fish screens Outlet
Slide 22: Selected references – Renewable Energies
Strength & Innovations of Bilfinger Power Selected references – Renewable Energies Babcock Maschienenbau | Hydro Power Babcock Borsig Steinmüller | Upgrading and efficiency improvement Hydro Power Plant Lünersee | Austria Rodenhuize power plant | Belgium ▪ Ready for delivery after total repair ▪ Con
Slide 23: Range of services – Renewable Energies
Strength & Innovations of Bilfinger Group Range of services – Renewable Energies Onshore wind power Biomass / biogas Solar thermal Prestressing for wind towers Biomass gasification Insulation of piping systems in solar thermal power plants Biogas preparation / Offshore wind power purification Power
Slide 24: We make efficiency work
WE AKE EFFICIENCY er iy in je ‘* | Frank Meyer works at Bilfinger. His Strenaths become apparent when it Comes to bending a pipe with wall thickness of 120 millimeters — with millimeter precision. Bilfinger develops, manufactures and & assombies highly durable piping systems that can withstand very