Wartsila Oyj Abp · OMXHEX:WRT1V
Wartsila Oyj Abp — Wärtsilä — Non-Deal Roadshow (December 2003)
25 slides from Wartsila Oyj Abp's roadshow presentation, Dec 3, 2003
Slide 1: Wärtsilä Marine
Wärtsilä Marine Mikael Mäkinen Group Vice President Wärtsilä Corporation, Marine Finnish Engineering Roadshow Shanghai, China 3 December 2003 © Wärtsilä
Slide 2: Vessels powered by Wärtsilä
Vessels powered by Wärtsilä Fleet plus orderbook Installed main engine power Installed main engine power [M W] Fishing Vessels; 2 945 Offshore Vessels; Tugs; 1 687 3 650 Container Vessels; 26 612 Cruise & Passenger Vessels; 10 547 Tankers; 14 336 Cargo Vessels; 11 466 Bulk Carrier; 13 472 Note: Sea-
Slide 3: Container vessels
Container vessels Ship Type: Large Container ship Typical Main engine: 2-stroke Sulzer RTA96C low-speed engine Typical Auxiliary engines: 4-stroke Wärtsilä W32 medium speed engine Typical Propeller: Lips fixed pitch propeller Sulzer RTA96C Container ships powered by Wärtsilä: 1039 Data source: Lloyd
Slide 4: Container vessels
Container vessels Ship Type: Multipurpose Container ship Typical Main engine: 4-stroke Wärtsilä W46 medium speed engine Typical Auxiliary engines: 4-stroke Wärtsilä W20 medium speed engine Typical Propeller: Lips controllable pitch propeller Container ships powered by Wärtsilä: 1039 Wärtsilä W46 Dat
Slide 5: Tankers
Tankers Ship Type: Tanker Typical Main engine: 2-stroke Sulzer RT-flex58T-B low- speed engine Typical Auxiliary engines: 4-stroke Wärtsilä W20 medium speed engine Typical Propeller: Lips fixed pitch propeller Tankers powered by Wärtsilä: 1560 Sulzer RT-flex58T-B Data source: Lloyds’ Register-Fairpla
Slide 6: Bulk carriers
Bulk carriers Ship Type: Bulker Typical Main engine: 2-stroke Sulzer RTA48T low-speed engine Typical Auxiliary engines: 4-stroke Wärtsilä W20 medium speed engine Typical Propeller: Lips fixed pitch propeller Bulkers powered by Wärtsilä: 1660 Sulzer RTA48T Data source: Lloyds’ Register-Fairplay, Octo
Slide 7: Cargo vessels
Cargo vessels Ship Type: General cargo vessel Typical Main engine: 4-stroke Wärtsilä W46 medium speed engine Typical Propeller: Lips controllable pitch propeller Cargo vessels powered by Wärtsilä: 2152 Wärtsilä W46 Data source: Lloyds’ Register-Fairplay, October 2003 © Wärtsilä 7
Slide 8: Cruise & Passenger vessels
Cruise & Passenger vessels Ship Type: Cruise ship Typical Machinery: Diesel-electric consisting of 4 – 6 Wärtsilä W46 medium speed engines Typical Propellers: Lips controllable pitch propellers or azimuthing rudder propellers Cruise & Passenger vessels powered by Wärtsilä: 866 Wärtsilä W46 Data sour
Slide 9: Cruise & Passenger vessels
Cruise & Passenger vessels Ship Type: Ropax vessel Typical Main engines: 4-stroke Wärtsilä W38 medium speed engines Typical Auxiliary engines: 4-stroke Wärtsilä W20 medium speed engines Typical Propellers: Lips controllable pitch propellers Cruise & Passenger vessels powered by Wärtsilä: 866 Wärtsil
Slide 10: Offshore vessels
Offshore vessels Wärtsilä W32 Ship Type: : Floating Production Storage and Offloading (FPSO) Typical Main engines: 4-stroke Wärtsilä W32 medium speed engines Ship Type: Offshore supply tug (AHTS) Typical Auxiliary engines: 4-stroke Wärtsilä W20 medium speed engines Typical Main engines: 4-stroke Wär
Slide 11: Fishing vessels
Fishing vessels Ship Type: : Trawler Typical Main engine: 4-stroke Wärtsilä W32 medium speed engine Typical Propeller: Lips controllable pitch propeller Fishing vessels powered by Wärtsilä: 2219 Wärtsilä W32 Data source: Lloyds’ Register-Fairplay, October 2003 © Wärtsilä 11
Slide 12: Tugs
Tugs Ship Type: Tug Typical Main engines: 4-stroke Wärtsilä W26 medium speed engines Typical Propellers: Lips controllable pitch propellers Tugs powered by Wärtsilä: 793 Wärtsilä W26 Data source: Lloyds’ Register-Fairplay, October 2003 © Wärtsilä 12
Slide 13: Marine main engine market position
Marine main engine market position Medium- and low-speed main engines (includes Diesel Electric) Orders June ’02 - May '03 Medium-speed main engines Low-speed main engines Wärtsilä Corporation Wärtsilä Corporation 38% (34%)* 33% (25%)* Total market volume: 3 182 MW (2 774 MW) * Total market volume:
Slide 14: Wärtsilä Corporation market share: auxiliary engine market
Wärtsilä Corporation market share: auxiliary engine market [MW] Engine orders Auxiliary engines (medium & high speed) Auxiliary engine orders [MW] June 2002 – May 2003 Wärtsilä auxiliary power [MW] Competitor auxiliary power [MW] 4 000 Wärtsilä 8% 3 770 3 500 3 431 3 000 2 842 2 576 2568 2 500 2 108
Slide 15: CGT Outputs by builder Country/Region
CGT Outputs by builder Country/Region 8 Japan Korea 7 China Europe Asia 6 Others 5 4 3 2 1 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 1993 1994 © Wärtsilä 17
Slide 16: Country market shares
Country market shares Contracting by Country in Vessels, Contracting by Country in dwt, 1-9/2003 1-9/2003 West Europe West 2% Others Europe 6% Others 4% East Europe 1% South Korea 3% East Europe 35% 11% China 14% South Korea 45% China 20% Japan 24% Japan 35% Source: W-M Business Intelligence © Wärts
Slide 17: Chinese yards
Chinese yards Chinese Yards Output by Chinese Yards Production in CGT Shiptype Share by dwt Size Range 1- 9/2003 1-9/2003 80 000- 120 000+ Cargo Other 8% 120-000 9% vessels Tankers 29% 3% 12% <30 000 36% Ro-Ro 6% 60 000-80 000 19% Containers 16% Bulk carriers 29% 30 000-60 000 33% Source: W-M Busine
Slide 18: Marine Division Deliveries to Ship Yards in China
Marine Division Deliveries to Ship Yards in China EUR million Ships built by ship yards in China, for ship owners from any country Includes net sales for Wärtsilä manufactured engines, license income for 2-Stroke engines manufactured by Wärtsilä licensees and net sales for Wärtsilä manufactured prop
Slide 19: Marine Division Deliveries to Chinese Owners
Marine Division Deliveries to Chinese Owners EUR million Ships built world-wide for Chinese ship owners Includes net sales for Wärtsilä manufactured engines, license income for 2-Stroke engines manufactured by Wärtsilä licensees and net sales for Wärtsilä manufactured propulsion equipment from 1.4.2
Slide 20: Shipbuilding in China
Shipbuilding in China China Shipbuilding Industry Corporation (CSIC) 10 shipyards 19 machinery works 28 design offices China State Shipbuilding Corporation (CSSC) 14 shipyards 7 machinery works 7 design offices © Wärtsilä 22
Slide 21: Who builds in China?
Who builds in China? Investment by Owner Country in China 1-9/2003 Owner nationality Nos Contracts $million • Export markets are very China P.R. 47 1 276 important for China. Germany 61 1 043 • The Chinese domestic market Greece 36 915 Denmark 14 436 has grown this year Norway 8 151 • Unlikely to co
Slide 22: Chinese yards
Chinese yards Chinese Contracts 1-9/2003 (GT) Investment at Chinese Yards 1-9/2003 Yard Nos Contracts $million Cargo vessels Hudong S/Yard 23 737 Chemical 6% tankers Others Dalian New Yard 17 709 2% 3% Tankers Waigaoqiao S/Y 12 456 30% Jiangnan S/Yard 14 325 Containers New Century S/Yard 11 286 11%
Slide 23: Wärtsilä and CSSC/CME joining forces
Wärtsilä and CSSC/CME joining forces Wärtsilä-CME Zhenjiang Propeller Co., Ltd. CSSC one of the leading propeller manufacturers in China CME Wärtsilä market share 35% in China 45% 55% Well known propeller brands Lips and Kaida Wärtsilä-CME Zhenjiang Propeller Co., Ltd. CSSC The leading ship
Slide 24: Fixed pitch propeller
Fixed pitch propeller Ships using FPP’s are mainly built in Asia 80% Asia 20% Rest of the world Source: CSSC and Wärtsilä. © Wärtsilä 26
Slide 25: WARTSILA
re, WARTSILA