Wartsila Oyj Abp · OMXHEX:WRT1V
Wartsila Oyj Abp — Wärtsilä — Shareholder Meeting (March 2014)
17 slides from Wartsila Oyj Abp's shareholder meeting presentation, Mar 6, 2014
Slide 1: Wärtsilä Corporation Annual General Meeting
WÄRTSILÄ CORPORATION ANNUAL GENERAL MEETING 6 MARCH 2014 Björn Rosengren, President & CEO 1 © Wärtsilä 6 March 2014 Annual General Meeting
Slide 2: Profitability developed well
Profitability developed well MEUR 6000 14% 12.8% 11.7% 11.9% 11.5% 12% 5000 11.0% 12.1% 11.1% 10.9% 11.2% 10.7% 10% 4000 8% 3000 6% 2000 4% 1000 2% 0 0% 2009 2010 2011 2012 2013 Net sales EBIT % EBITA % before intangible asset amortisation related to acquisitions Figures shown before nonrecurring it
Slide 3: Improvement in marine market activity
Improvement in marine market activity 3 6 March 2014 Annual General Meeting
Slide 4: Order intake reflects market situation
Order intake reflects market situation MEUR 6000 5000 -4% 4000 3000 14% 2000 1000 -15% 0 2009 2010 2011 2012 2013 Power Plants Ship Power Services 4 © Wärtsilä 6 March 2014 Annual General Meeting
Slide 5: Gas drives demand in power generation markets
Gas drives demand in power generation markets By region By fuel 13% 18% 24% Oil 18% Gas 82% 45% Asia Africa and Middle East Americas Europe Order intake 2013: 2,401 MW (3,146) 5 © Wärtsilä 6 March 2014 Annual General Meeting
Slide 6: Good power plant ordering activity in Asia
Good power plant ordering activity in Asia 6 © Wärtsilä 6 March 2014 Annual General Meeting
Slide 7: Growth in Ship Power order intake
Growth in Ship Power order intake MEUR 2000 1800 7% 3% 1600 8% 1400 34% 1200 6% 1000 800 600 400 200 42% 0 2009 2010 2011 2012 2013 Merchant Offshore Navy Cruise and ferry Special vessels Other 7 © Wärtsilä 6 March 2014 Annual General Meeting
Slide 8: Continued interest in gas engines and systems
Continued interest in gas engines and systems 8 © Wärtsilä 6 March 2014 Annual General Meeting
Slide 9: Service markets remain stable
Service markets remain stable MEUR 2000 1800 1600 23% 1400 1200 1000 52% 800 600 17% 400 200 8% 0 2009 2010 2011 2012 2013 Field service Contracts Spare parts Projects 9 © Wärtsilä 6 March 2014 Annual General Meeting
Slide 10: Service agreements our strategic focus area
Service agreements our strategic focus area 10 © Wärtsilä 6 March 2014 Annual General Meeting
Slide 11: Securing the ability to support customers in all markets
Securing the ability to support customers in all markets Delivery Centre Vaasa Wärtsilä TMH 4-stroke engines Diesel Engine Company LLC 4-stroke engines Wärtsilä Hyundai Engine Delivery Centre Company Ltd Trieste 4-stroke engines 4-stroke engines, propulsion Wärtsilä Qiyao Diesel Company Ltd DCA (Açu
Slide 12: Positioned for growth even in challenging markets
Positioned for growth even in challenging markets Smart Power Gas as Environmental Generation a fuel solutions 12 © Wärtsilä 6 March 2014 Annual General Meeting
Slide 13: Developing medium-scale LNG infrastructure
Developing medium-scale LNG infrastructure 13 © Wärtsilä 6 March 2014 Annual General Meeting
Slide 14: An organisation based on end-to-end responsibility
An organisation based on end-to-end responsibility CUSTOMER R&D Production Sales & Marketing Product delivery TRANSPARENCY ACCOUNTABILITY SPEED 14 © Wärtsilä 6 March 2014 Annual General Meeting
Slide 15: Group-wide efficiency programme initiated
Group-wide efficiency programme initiated • Aim to secure future profitability and competitiveness • Planned reductions of approx. 1,000 jobs globally • Expected annual savings of EUR 60 million • Non-recurring costs EUR 50 million, of which EUR 11 million recognised in 2013 15 © Wärtsilä 6 March 20
Slide 16: Prospects for 2014
Prospects for 2014 Net sales Operational to grow profitability by around 0-10% 11% 16 © Wärtsilä 6 March 2014 Annual General Meeting
Slide 17: WARTSILA.COM
WARTSILA.COM 17 © Wärtsilä 6 March 2014 Annual General Meeting