Bodycote Plc · LSE:BOY

Bodycote — Investor Day (April 2019)

13 slides from Bodycote's investor day presentation, Apr 30, 2019

  1. Slide 1: Aerospace: A Secular Growth Story

    Aerospace: A Secular Growth Story Tom Gibbons

  2. Slide 2: Agenda

    Agenda  Aerospace Market Trends  What is the “Engine Super Cycle”?  Bodycote Civil Aviation Impact  Market Expansion 2

  3. Slide 3: Passenger revenue kilometres

    Passenger revenue kilometres Traffic has proven to be resilient to external shocks and doubles every 15 years World annual traffic (trillion RPKs) Source: ICAO, Airbus GMF 2018 3

  4. Slide 4: What is the “Engine Super Cycle”?

    What is the “Engine Super Cycle”? The super cycle is used to describe a unique, simultaneous launch and production ramp up of five jet engines GE9X LEAP RR-Trent XWB PW1000 Trent 1000 4

  5. Slide 5: Commercial aircraft

    Commercial aircraft RR Trent XWB CFM LEAP & PW1000 A320NEO CFM LEAP A350 PW1000 B737 MAX Embraer E190 GE 9X PW1000 B777X CFM LEAP Airbus A220 C919 RR Trent 1000 PW1000 B787 Mitsubishi RJ 5

  6. Slide 6: Commercial aircraft continued expansion

    Commercial aircraft continued expansion  Airbus and Boeing dominate the commercial market  Projected total > 37,000 new deliveries The world fleet will more than Around 37,400 aircraft will be required double over the next 20 years over the next 20 years (2018 – 2037 new deliveries) 6

  7. Slide 7: A variety of applications

    A variety of applications Bodycote

  8. Slide 8: Services provided by Bodycote

    Services provided by Bodycote HIP Services Surface Technology Vacuum Heat Treatment Powdermet ® Brazing Electron Beam Welding 8

  9. Slide 9: Bodycote Long-Term Agreements (LTA)

    Bodycote Long-Term Agreements (LTA) Some examples of our long-term agreements in place are:  Rolls-Royce: Trent & XWB  Precision Castparts Corp: LEAP, GE9X, RR Trent, & XWB  GE Aviation: LEAP  Paradigm Precision: LEAP  MB Aerospace: GE9X  Safran Landing Gear (SLS): A350 & B787  Figeac Aerospa

  10. Slide 10: Revenue per Engine Expansion

    Revenue per Engine Expansion CFM56 vs. LEAP Projected CFM engine production for new planes  LEAP engines projected to have the highest market share in the narrow bodied market, replacing CFM56 as the mainstay option  Bodycote’s OEM content per engine on LEAP is 3 times that on CFM56  As productio

  11. Slide 11: Revenue per Engine Expansion

    Revenue per Engine Expansion CFM 56 vs. LEAP  Bodycote content on LEAP is three times that on CFM 56  Additionally, as the aftermarket ST for LEAP develops over time 18% it leads to an increasing rate of revenue growth for Bodycote HT CFM 56 40% LEAP HIP 42% 11

  12. Slide 12: Summary

    Summary Improving share in a growing market  Passenger kilometres growing consistently at c6% per annum  Massive demand for new aeroplanes over next 20 years  Bodycote has an enhanced position on key new platforms  This will boost revenues initially from new aeroplane sales  Over time, this wil

  13. Slide 13: 2019 |

    2019 |

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