Leonardo Spa · MIL:LDO

Leonardo Spa — Alenia Aeronautica — Farnborough Air Show 2006

27 slides from Leonardo Spa's conference presentation, Jul 20, 2006

  1. Slide 1: Alenia Aeronautica meets Financial Community

    Alenia Aeronautica meets Financial Community Farnborough Air Show July 20th 2006 Farnborough, July 20, 2006

  2. Slide 2: Alenia Aeronautica Structure

    Alenia Aeronautica Structure 100% 99.9% 60% 100% 100% 100% 100% 65% Saphire Int.l Aviation & ATC Engineering Co. LTD. 50% 50% 21% 15% 50% Farnborough, July 20, 2006 Controlled Companies Participated Companies 2

  3. Slide 3: Strongly diversified product range

    Strongly diversified product range The Company has a century of Aeronautic industry as background … Overhaul, Military Civil Military Civil Customer Overhaul, Transformation Transformations Military Military Civil Customer Maintenance Military Civil Aircraft Aircraft Support Maintenance & Conversion

  4. Slide 4: Industrial re-engineering of mid 1990s created centres of excellence

    Industrial re-engineering of mid 1990s created centres of excellence... Trainer production, Integration and Testing; Nacelles Aermacchi Varese/Venegono Overhaul & Maintenance Officine Aeronavali Venezia Venice/Tessera A/C Integration and Testing Naples/Capodichino Turin/Caselle Brindisi Machining He

  5. Slide 5: 2005 - Alenia Aeronautica results are positive

    2005 - Alenia Aeronautica results are positive ... Euro mln 2004 2005 Revenues 1914 2046 EBIT 117 166 Operating cash-flow 89 135 Orders 3315 3230 Backlog 5375 6865 R&D 372 405 R&D (of which charged to P/L) 21 29 Employees (units) 10731 11198 „ Strong Cash Flow Generation „ High operating performance

  6. Slide 6: Highlights: Orders and Backlog becoming more global

    Highlights: Orders and Backlog becoming more global… ORDERS 2004: EUR 3,3bn ORDERS 2005: EUR 3,2bn Rest of World Rest of 3% World 17% Italy 30% USA 5% Italy 85% EU 8% USA 43% EU 10% ORDERS 2004: EUR 3,3bn ORDERS 2005: EUR 3,2bn Civil 16% Civil 66% Military 34% Military BACKLOG 2005: EUR 6,9bn 84% BA

  7. Slide 7: Last 12 month achievements

    Last 12 month achievements: „ Eurofighter: Production ramp-up, export contract negotiation including Turkey RFI „ JSF: Production phase negotiation, Final Assembly and Check Out (FACO) in Italy „ Neuron: Contract signed on 8 February 2006 „ C-27J: Delivering on the Greek contract, signed two additio

  8. Slide 8: Last 12 month achievements

    Last 12 month achievements: „ B787: Contract signed with Boeing ($1.2 billion) to provide the first 200 series of fuselage and tail section components. Joint Venture with Vought Aircraft Industrie for assembly plant in South Carolina fully operational by yearend 2006 „ ATR: Order intake of about 100

  9. Slide 9: A wide range of advanced technologies

    A wide range of advanced technologies ... „ About 20% of company revenues devoted to R&D. 30 420 R&D R&D (% revenues) 25 350 „ Main innovative research areas are: 20 280 Euro million Percentage y Aeromechanical disciplines 15 210 y Materials, Structures and Manufacturing process y Unmanned aircraft

  10. Slide 10: World military aircraft demand

    World military aircraft demand Value € B '05 Units Last 20 years delivery value 70 1200 Forecast Special Missions 1000 Transport 56 Trainer 5%11% 13% Value 800 42 Units 600 71% 28 400 Combat 14 200 € 607 B’05 [14110 a/c] 0 0 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 2022 2025 Next

  11. Slide 11: Eurofighter Typhoon

    Eurofighter Typhoon „ In full production to four partner countries: Germany, Italy, Spain, UK. „ The four countries have committed to 620 aircraft and ordered the first batch of 148 units (1998) and the second one of 236 units (2004). „ Austria has ordered 18 units in 2003; contract negotiation is u

  12. Slide 12: F-35 / JSF – Lightning II

    F-35 / JSF – Lightning II „ Joint Strike Fighter, the biggest military programme for the next three decades, with a potential market share exceeding 4,000 units. „ Lockheed Martin won the competition against Boeing in 2001 with the F-35 project, now in the System Development and Demonstration (SDD)

  13. Slide 13: Neuron - Europe's UCAV Technology Demonstrator

    Neuron - Europe’s UCAV Technology Demonstrator „ A French MoD initiative launched at Le Bourget 2003 „ Unveiled at Le Bourget 2005 EXECUTIVE AGENCY „ First flight planned: 2011 „ Total Development cost ~ 400M „ Main Contract signed on 8 February 2006 „ Objectives: PRIME CONTRACTOR Mastery of UCAV te

  14. Slide 14: Sky-X Technology Demonstrator

    Sky-X Technology Demonstrator … „ Alenia Aeronautica has officially entered this very promising business with the technological demonstrator roll-out carried out in Turin-Caselle on 30th of May 2003. „ First flight of modified demonstrator carried out on 29th of May 2005 at Vidsel in Sweden. „ In It

  15. Slide 15: C-27J - Program Overview

    C-27J - Program Overview Aircraft Aircraft Features: Features: C-27J adds to the excellent performance and handling quality of the G222 new engines, propellers, avionic system and •• New New Medium Medium Tactical Tactical Airlifter Airlifter with with twin twin cockpit from the C-130J, assuring an

  16. Slide 16: C-27J - Recent Success (Lithuania) and NATO Interoperability

    C-27J - Recent Success (Lithuania) and NATO Interoperability Contract Awarded (~US$ 1,2 billion) New NATO members expected orders in 2006-07 (expected value ~US$ 0,85 billion) Outlook Outlook 2006-07 2006-07 (NATO (NATO members) members) •• Strong Strong short-term short-term market market opportuni

  17. Slide 17: C-27J - USA Bid - JCA program summary

    C-27J - USA Bid - JCA program summary Expected Aircraft Orders (as per Request for Proposal) 207 aircraft JCA JCA (Joint (Joint Cargo Cargo Aircraft) Aircraft) •• The The major major contenders contenders are are the the C-27J C-27J offered offered Major Milestones by by Alenia/ Alenia/ L3/ L3/ Boei

  18. Slide 18: Aermacchi M-346: the new generation advanced military trainer

    Aermacchi M-346: the new generation advanced military trainer … Today Aermacchi’s most important programme. Key Design Targets are: „ Wide flight envelope „ Safety (two engine, fly-by-wire FCS) „ High energy, superior manoeuvrability „ Excellent flying qualities „ New generation fighter-like (MMI) „

  19. Slide 19: Civil aircraft market demand

    Civil aircraft market demand Value € B '05 Units Last 20 years delivery value 100 2500 Forecast Business Jet Regional 80 2000 11% 10% Units Value 60 1500 40% 39% 40 1000 Wide Narrow 20 500 € 800 B’05 (27600 a/c) 0 0 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 2022 2025 Next 20 years

  20. Slide 20: Aerostructures is a primary business

    Aerostructures is a primary business ... AEROSTRUCTURE OUTSOURCING MARKET In 2005 Alenia Aeronautica ranked 4th 10 among worldwide aerostructure 8 Billions of Euro (e.c. 2005) suppliers for main aircraft 6 manufacturers. 4 Outsourcing Business Value 2006-2025 Forecast € 165 billion 2 Alenia intends

  21. Slide 21: Boeing 787

    Boeing 787 „ Alenia Aeronautica, has been selected as Small Prime with a share of about 14% of airframe (26% together with Vought) „ On december 2004 Alenia North America and Vought Aircraft Industries built “Global Aeronautica” joint venture based in Charleston to integrate dressed sections (JV is

  22. Slide 22: Airbus A380

    Airbus A380 „ Alenia Aeronautica become partner in the programme on December 2001 with a share of 4% of the airframe „ Current program delay won’t impact severely our financial result in the 2006-2008 period. „ Programme target: Program launch: December 2000 Production start: 2003 First flight and c

  23. Slide 23: ATR today

    ATR today Every 20 seconds, somewherein the world an ATR takes-off ! „ N°1 Turboprop plane maker in the world „ N°2 civil aircraft manufacturer in Europe „ Over 850 orders and Options since launch „ 565 Million passengers North America carried 21% Europe 40% „ About 130 operators in over 70 countrie

  24. Slide 24: ATR il rinascimento

    ATR il “rinascimento” 90 New ATRs ordered in 2005 (17 ATR 42-500 & 73 ATR 72-500) Turkish Kingfisher Navy 6 ATR 72-500 88ATR ATR42-500 42-500 10 ATR 72-500 7 ATR 42-500 20 ATR 72-500 1 ATR 72-500 … and 47 … 46 more* more* Air Deccan already ordered 30 ATR 72-500 in the first 64 months months 2006. 2

  25. Slide 25: Sukhoi RRJ - Program market share

    Sukhoi RRJ - Program market share RRJ95 10.28 m RRJ- RRJ-75 RRJ- RRJ-95 29.87 m 75-78 seats single class 10.05 m 95-98 seats single class 27.80 m RRJ RRJ delivery delivery forecat forecat [2009-2028] [2009-2028] 60-110 60-110 seating seating delivery delivery forecast forecast 5450 8000 4800 6800 10

  26. Slide 26: Aeronavali - Civil aircraft cargo modification

    Aeronavali - Civil aircraft cargo modification „ We have a leading position in the modifications and maintenance field through Aeronavali. Civil Aircraft Modification „ Aeronavali provides the entire range of aeronautical activities to meet all the customer’s requirements in Main player shares (%) a

  27. Slide 27: Alenia Aeronautica major strategic objectives

    Alenia Aeronautica major strategic objectives „ Maintain the leadership in selected industrial processes and competences exploiting existing Composite Technology know-how and growth opportunities offered by Unmanned on-going projects „ Reinforce positioning as “small prime” in aerostructure B787 „ L

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