Ctt Systems Ab · OMXSTO:CTT
Ctt Systems Ab — ABG Sundal Collier Investor Presentation 2018
29 slides from Ctt Systems Ab's conference presentation, Dec 4, 2018
Slide 1: Presentation ABG 2018-12-04
Presentation ABG 2018-12-04 CTT Systems AB -provides humidity control for the aerospace industry In partnership with
Slide 2: Humidity Dilemma in Modern Aircrafts
HUMIDITY DILEMMA IN MODERN AIRCRAFTS Condensation Too dry during flight Humid air from passengers (blue arrows) condensate out in form of frost. During descend frost melts, water accumulates in blankets. 2018-12-04 CTT – Torbjörn Johansson
Slide 3: The Products – Humidity in Balance
THE PRODUCTS – HUMIDITY IN BALANCE Lowered fuel burn Reduced change rate of blankets 1. Preventing condensation build-up Reduced corrosion Less electrical failures Increased cabin comfort Lower emissions Better working climate 2. Flight deck / crew rest humidification Quicker recovery between flight
Slide 4: CTT Systems AB (publ.) 2018 Q3
CTT SYSTEMS AB (PUBL.) 2018 Q3 • Net Sales increased by 33 % to 80,9 MSEK (61,0) – an increase with 24 % when adjusted for currencies • Operating Profit EBIT amounted to 27,1 MSEK (15,7) • Operating Margin (EBIT-margin) amounted to 33 % (26) • Net After-Tax Result amounted to 21,6 MSEK (13,5) • Earn
Slide 5: CTT Systems AB (publ.) 2018 Q3
CTT SYSTEMS AB (PUBL.) 2018 Q3 2018-12-04 CTT – Torbjörn Johansson
Slide 6: CTT Systems AB (publ.) 2018 Q3
CTT SYSTEMS AB (PUBL.) 2018 Q3 2018-12-04 CTT – Torbjörn Johansson
Slide 7: Guidance for Q4 2018
GUIDANCE FOR Q4 2018 • The Net Sales is forecasted to be between 90 and 95 MSEK (63,9). • This would mean Net Sales for 2018 of 311 – 316 MSEK. • A Year to Year growth of about 15%. 2018-12-04 CTT – Torbjörn Johansson
Slide 8: Boeing's 787 Zonal Drying Decision
BOEINGS 787 ZONAL DRYING DECISION • The Zonal Drying system will be removed as basic equipment on B787. • This decision will have financial impact on CTT, from end of 2019. • The last seven quarters this accounted for 15-20% of CTTs Net Sales. • Boeings opinion is that Wide Body aircrafts with Crown
Slide 9: Zonal Drying System
ZONAL DRYING™ SYSTEM The Zonal DryingTM System • Boeings 787 decision is of course negative for CTTs marketing of Zonal Drying systems. • Jet Fuel Price is now at 80 USD per barrel. • Passenger densification trend in Narrow Body aircraft. • Focus ahead: Achieve Optional status on A320 neo & B737 MAX
Slide 10: Crew Humidification System
CREW HUMIDIFICATION SYSTEM Crew Humidification System 2018-12-04 CTT – Torbjörn Johansson
Slide 11: Crew Humidifiers
CREW HUMIDIFIERS Crew Humidifiers • We delivered 112 (94) Crew Humidifiers in Q3, 2018. • 21 (0) of these Humidifiers were to A350. • We have delivered the first FD Humidifier for MC21. • We have received the first orders for FD Humidifiers to B777X. • The Crew Humidifiers generates strong aftermark
Slide 12: VIP System
VIP VIP System • During 2018 we have received orders for 7 (0) VIP aircraft. • Sales from VIP will increase during Q4 2018. 2018-12-04 CTT – Torbjörn Johansson
Slide 13: VIP Customer CAIR System
VIP CUSTOMER CAIR™ SYSTEM B767, A319, A319,A320 A320, B777 A340 BBJ B747, BBJ, BBJ, A330, A340 B767, A320, B777, A319 A340 B747-8 A330, A340 BBJ B747-8 A340-500 A319, A320, BBJ3 A319 BBJ3, B757 2018-12-04 CTT – Torbjörn Johansson
Slide 14: The CAIR System
THE CAIR SYSTEM TM The CAIR System 2018-12-04 CTT – Torbjörn Johansson
Slide 15: Why Increased Cabin Humidity?
WHY INCREASED CABIN HUMIDITY?
Slide 16: The CAIR System
THE CAIR SYSTEM 2018-12-04 CTT – Torbjörn Johansson
Slide 17: The CAIR System
THE CAIR SYSTEM TM The CAIR System • China Southern has ordered the system to Business Class for A350. • Emirates has selected the system to First Class for B777X. • ANA has selected the system to First and Business for B777X. • One more airline has selected Business Class humidification for A350. •
Slide 18: Aftermarket
AFTERMARKET Aftermarket • CTT has delivered 2 600 Zonal Dryers. • CTT has delivered 2 400 Humidifiers. • During Q1 – Q3 2018, the aftermarket did grow with 39 % (B787 IP excluded). This growth is mainly generated by our Crew Humidifiers. 2018-12-04 CTT – Torbjörn Johansson
Slide 19: Aftermarket
AFTERMARKET 2018-12-04 CTT – Torbjörn Johansson
Slide 20: Aftermarket
AFTERMARKET 2018-12-04 CTT – Torbjörn Johansson
Slide 21: Aftermarket: Zonal Dryer Lifetime Revenue
AFTERMARKET Zonal Dryer Lifetime Revenue 2018-12-04 CTT – Torbjörn Johansson
Slide 22: Aftermarket: Humidifier Lifetime Revenue
AFTERMARKET Humidifier Lifetime Revenue 2018-12-04 CTT – Torbjörn Johansson
Slide 23: Main Risks
MAIN RISKS • USD – 2017: 10 % lower USD/SEK 35 % lower EBIT • Customer relations – CTT products are optional – Full value over the products lifecycle • Few dominant customers – Boeing & Airbus • Deliverability – Dependency on subcontractors • Competition – OEM – Aftermarket 2018-12-04 CTT – Torbjörn
Slide 24: Airbus A380
AIRBUS A380 • Humidifier option for Flight Crew Rest • 331 aircraft ordered and Attendant Crew Rest • 15 airlines • 230 aircraft delivered 2018-12-04 CTT – Torbjörn Johansson
Slide 25: Boeing 787
BOEING 787 • Zonal Drying™ basic • 1403 aircraft ordered • Humidifier option for Flight Deck • 59 airlines • Humidifier basic for Flight Crew • 754 aircraft delivered Rest and Attendant Crew Rest 2018-12-04 CTT – Torbjörn Johansson
Slide 26: Airbus A350
AIRBUS A350 • Zonal Drying™ option • 890 aircraft ordered • Humidifier option for Flight Deck, Flight • 44 airlines Crew Rest and Attendant Crew Rest • 212 aircraft delivered • Cair™ option for First and Buisness 2018-12-04 CTT – Torbjörn Johansson
Slide 27: Boeing 777X
BOEING 777X • Humidifier option for Flight Deck, • 326 aircraft ordered Flight Crew Rest and Attendant • 7 airlines Crew Rest • Cair™ option for First and Buisness • First delivery 2020 2018-12-04 CTT – Torbjörn Johansson
Slide 28: CTT Systems AB (publ.) 2017
CTT SYSTEMS AB (PUBL.) 2017 2018-12-04 CTT – Torbjörn Johansson
Slide 29: Questions & Answers
Questions & Answers Torbjörn Johansson In partnership with CEO
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