Wartsila Oyj Abp · OMXHEX:WRT1V
Wartsila Oyj Abp — Wärtsilä — Investor Day (September 2001)
13 slides from Wartsila Oyj Abp's investor day presentation, Sep 12, 2001
Slide 1: The Ship Power Supplier
The Ship Power Supplier by Mikael Mäkinen Group Vice President, Marine & Licensing Capital Markets Day 1 September 12, 2001
Slide 2: The Marine Market
The Marine Market g The Shipping Market = 500 B USD (excluding offshore oil exploration and Navy) g > 1100 ships built / year => Wärtsilä delivers engines to >400 ships / year g 3% average yearly growth 2
Slide 3: Marine Market Position
Marine Market Position Marine Propulsion & Auxiliary Engines Engine Orders June ’99 – May ’00 Propulsion Engines Auxiliary Engines Wärtsilä Wärtsilä 29% (30%) 29% (30%) Total Market: 21’175 MW Total Market: 2’568 MW Source: Diesel & Gas Turbine Worldwide - Issue 11-’00 Notes: Diesel engines and gas
Slide 4: Changes In Marine Industry
Changes In Marine Industry The marine industry is facing profound changes n ship building moves from West to East n major consolidations take place n environmental - legislation gets stricter Other n requirement for faster responses n demand for closer communication 4
Slide 5: Shipyard/Supplier Added Value
Shipyard/Supplier Added Value Shipyard / Supplier Added Value 1990 2000 25 % 40 % 60 % 75 % Suppliers Yards Source: Deltamarin 5
Slide 6: The Ship Power Supplier
The Ship Power Supplier To become the SPS is an engineering effort : n To develop each part of the product - alliances, acquisitions… n To reach a reduction of the total cost of sales n To decrease the costs of engineering, delivery, commissioning... n To develop multi-skilled personnel n To manage
Slide 7: Re-engineering Marine Process for the New Economy
Re-engineering Marine Process for the New Economy From “estimate to order” to “engineer to order” Amount of engineering effort / risk N ew T ra d itio n a l e -e n g in e e rin g p ro ce ss P re -sa le C o n tra ct D e live ry 7
Slide 8: The Ship Power Supplier
The Ship Power Supplier Control / alarm Scope of hardware system Support systems Exhaust Air Power out •Alternator Fuel •Propulsion Lube Cooling Connected systems •Boiler •Evaporator •Heating/cooling 8
Slide 9: Wärtsilä – John Crane Lips Alliance
Wärtsilä – John Crane Lips Alliance > 60 ships delivered or on order 9
Slide 10: The Sales Configurator
The Sales Configurator Cost calculation Quotation Technical specification System drawings Order to factory Save Management reports Database 10
Slide 11: Cruise
Cruise g The World Cruise Fleet 243 ships g 4 major shipyards n Fincantieri 26,8 % g Projected passengers 10,2 million (2001) n Chantiers de I’Atlantique 21,9 % n Kvaerner Masa 16,4 % g 4 major cruise companies n Meyer 14,5 % n Carnival ~ 33 % n RCCI ~ 22 % n P&O 13 % n Star 9% 11
Slide 12: Offshore oil exploration
Offshore oil exploration n World Fleet: 650 Rigs 3500 Support vessels n Increased environmental legislation n FPSO (Floating Production Storage and Offloading vessels) n The importance of gas increases 12
Slide 13: Container
Container n World capacity 75,8 MTEU n The world orderbook: 558 vessels 125 post-panamax 125 panamax n Outperforms the marine average growth 13