Wartsila Oyj Abp · OMXHEX:WRT1V
Wartsila Oyj Abp — Wärtsilä — Goldman Sachs Industrials China Tour (September 2011)
13 slides from Wartsila Oyj Abp's conference presentation, Sep 21, 2011
Slide 1: Wärtsilä in China
WÄRTSILÄ S IN C CHINA Goldman Sachs Industrials China Tour TIMO KOPONEN VICE PRESIDENT, FINANCE & CONTROL, SHIP POWER 21 9 2011 21.9.2011 1 © Wärtsilä
Slide 2: This is Wärtsilä
This is Wärtsilä SHIP POWER POWER PLANTS SERVICES 2 © Wärtsilä
Slide 3: China has gained the top builder position for merchant vessels
China has gained the top builder position for merchant vessels Merchant vessels: contracting volumes (DWT), share by region 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 19
Slide 4: …but is also pushing in other vessel segments
…but is also pushing in other vessel segments Offshore vessels: contracting volumes Special* vessels: contracting volume (GT), share by region (GT), share by region 100% 100% 90% 90% 80% 80% 70% 70% 60% 60% 50% 50% 40% 40% 30% 30% 20% 20% 10% 10% 0% 0% 1991 1992 1993 1994 1995 1996 1997 1998 1999 20
Slide 5: Ship yard landscape in China
Ship yard landscape in China According to OECD, in the past state run groups owned 3/5 of China’s total shipbuilding capacity. Now the landscape is more diverse, and local privately owned companies account for the biggest share Number of yards 2011 Contracting, DWT Order book, DWT 4% 5% 3% 8% 15% 22
Slide 6: Customers behavior: ship owners
Customers behavior: ship owners Who orders in China? • At a global level, ship owning is shifting, with Chinese owners growing their fleets and importance in the shipping landscape • Chinese owners prefer to order from Chinese yards Contracting activity in Chinese yards, by ship owner country 100% 9
Slide 7: Customer behavior: ship yards
Customer behavior: ship yards • Building regions have a very different mix of ship types built • China is pushing to change this mix Order book mix by shipbuilding region 100% 90% 80% 70% 60% GT 50% 40% 30% 20% 10% 0% China Japan Korea Rest of Asia Europe Rest of the World Bulk Carriers Container Ve
Slide 8: Competitive landscape is tough!
Competitive landscape is tough! Rolls R ll Wärtsilä MAN Caterpillar Royce Himsen Other* Focus on gas as a fuel z z z z Optimized product portfolio z z z z Improved services network, z z z offering and capabilities Amplified focus on Brazil z z z developing economies China and other SE z z z z Asia I
Slide 9: China in the global shipbuilding context
China in the global shipbuilding context Global order book (DWT), Global contracting activity (DWT) 2011, by ship building region by ship building region 0% 2% 2% 4% 2% 6% 43% 42% 32% 49% 3% 15% China Japan Korea Other Asia Europe Rest of the World China Japan Korea Other Asia Europe Rest of the Wor
Slide 10: Uncertainty ahead?
Uncertainty ahead? The fundamentals show risks and Highlights about the present opportunities • Earnings are at very low levels • Risks of downturn in global economy are • Overcapacity continues to cast shadows in g tangible,, also for Chinese economyy main merchant segments • High oil prices repres
Slide 11: Wärtsilä in China today
Wärtsilä in China today WCN Dalian Rep. Office WCN Shanhaiguan Services WCN Beijing Qingdao Qiyao Wärtsilä MHI Linshan Rep. Office Marine Diesel Co Ltd (QMD) Low-speed engines Wärtsilä Ventures 2-Stroke Engine Licensees Wärtsilä CME Zhenjiang Propeller Co., Ltd. Joint Ventures FPPs, shaft lines, bla
Slide 12: Wärtsilä's ambitions in China
Wärtsilä’s ambitions in China Defend our strong position in China and aggressively pursue further growth • Clear leadership for certain vessel types • Differentiated approach to customers • Maximized synergies y g with Ship p Design g • Improvements of competitiveness for auxiliary engines • Further
Slide 13: IR Contact: Pauliina Tennilä, Director Investor Relations
IR Contact: Pauliina Tennilä Director Investor Relations Director, Tel. +358 (0) 40 570 5530 E-mail: [email protected] Presentation name / Author
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