Wartsila Oyj Abp · OMXHEX:WRT1V
Wartsila Oyj Abp — Wärtsilä — Shareholder Meeting (March 2012)
22 slides from Wartsila Oyj Abp's shareholder meeting presentation, Mar 8, 2012
Slide 1: Wärtsilä Corporation Annual General Meeting 8 March 2012
WÄRTSILÄ CORPORATION ANNUAL GENERAL MEETING • 8 MARCH 2012 BJÖRN ROSENGREN, PRESIDENT & CEO 1 © Wärtsilä
Slide 2: Our focus on sustainability
Our focus on sustainability Wärtsilä has an important role in meeting the world’s increased demand for energy in a sustainable way. This is the cornerstone of our commitment to sustainability. 2 © Wärtsilä
Slide 3: People strategy
People strategy • Nearly 19,000 people in 170 locations in 70 countries • Focus on securing the right competence and motivation among our personnel • We are committed to equal opportunities 3 © Wärtsilä
Slide 4: Uncertainty in the financial markets
Uncertainty in the financial markets • Escalating financial problems in the EU and US markets weakened GDP development globally • Economic development in the emerging markets remained on a good level 4 © Wärtsilä
Slide 5: Order intake increased by 13%
Order intake increased by 13% MEUR 6000 5000 13% 4000 -1% 3000 52% 2000 13% 1000 0 2007 2008 2009 2010 2011 Power Plants Ship Power Services Order intake 5 © Wärtsilä
Slide 6: Profitability remained resilient
Profitability remained resilient MEUR 700 16% 600 14% 11,4% 12,1% 10,7% 11,1% 12% 500 10,1% 10% 400 8% 300 6% 200 4% 100 2% 0 0% 2007 2008 2009 2010 2011 Operating result Operating profit, % 6 © Wärtsilä
Slide 7: Net sales development
Net sales development MEUR 6000 14% -13% 23% -7.6% 5000 4000 3000 2000 1000 0 2007 2008 2009 2010 2011 7 © Wärtsilä
Slide 8: Net sales by business 2011
Net sales by business 2011 Ship Power 24% (26) Power Plants 32% (34) Services 43% (40) 8 © Wärtsilä
Slide 9: Global net sales Top 10 countries
Global net sales Top 10 countries Norway 5% Turkey China USA 4% Dominican Republic 9% 9% 5% The Netherlands 3% 5% 3% South Korea Bangladesh 3% 5% Singapore Brazil 9 © Wärtsilä
Slide 10: Power Plants order intake Good global spread
Power Plants order intake Good global spread Total orders in 2011 3,340 MW Africa and Europe Middle-East 24% 25% Americas 22% Asia 33% 10 © Wärtsilä
Slide 11: Power Plants order intake
Power Plants order intake By application By Fuel Industrial self- generation Flexible 32% (6) baseload Oil Gas 49% 51% 55% (58) Grid stability & peaking 11% (24) Oil & gas 3% (12) 11 © Wärtsilä
Slide 12: Ship Power order intake by segment
Ship Power order intake by segment MEUR 3000 3% 15% 25% 2500 2000 10% 1500 7% 1000 40% 500 Merchant Offshore Navy Cruise and ferry 0 2007 2008 2009 2010 2011 Special vessels Ship design 12 © Wärtsilä
Slide 13: Joint venture order intake strong
Joint venture order intake strong MEUR 600 500 400 300 200 100 0 Q1/2010 Q2/2010 Q3/2010 Q4/2010 Q1/2011 Q2/2011 Q3/2011 Q4/2011 Ship Power order intake Joint venture order intake 13 © Wärtsilä
Slide 14: Offshore markets active
Offshore markets active • Interest in gas increasing in the offshore industry – Order received for first U.S. flagged offshore supply vessels – Installation of power modules for a new offshore vessel 14 © Wärtsilä
Slide 15: Services net sales development
Services net sales development MEUR 2000 10% 0% 1800 1600 15% 1400 1200 51% 1000 800 600 24% 400 200 Spare parts Field service 0 2007 2008 2009 2010 2011 Contracts Projects 15 © Wärtsilä
Slide 16: Continued interest in service agreements
Continued interest in service agreements MEUR MW 350 18000 16000 300 14000 250 12000 200 10000 150 8000 6000 100 4000 50 2000 0 0 2007 2008 2009 2010 2011 Net Sales Total MW (O&M and Maintenance) 16 © Wärtsilä
Slide 17: Services Environmental projects
Services Environmental projects • Bit Viking conversion from heavy fuel oil to LNG • Fitting of catalysts on two Finnish ice breakers • Scrubber installation on a Containership vessel 17 © Wärtsilä
Slide 18: Smart Power Generation
Smart Power Generation Energy Efficiency Smart Power Generation Fuel Operational Flexibility Flexibility 18 © Wärtsilä
Slide 19: Dual-fuel engines and environmental solutions
Dual-fuel engines and environmental solutions • New environmental regulations drive demand for gas as a marine fuel and for environmental solutions • We focus on developing environmental solutions and gas technology and related systems in order to serve our customers 19 © Wärtsilä
Slide 20: Hamworthy acquisition
Hamworthy acquisition • Strengthens our position in the offshore, the marine gas applications and the environmental solutions markets • Acquisition became effective on 31 January 2012 • Important synergies in growth markets 20 © Wärtsilä
Slide 21: Prospects for 2012
Prospects for 2012 • Wärtsilä expects its net sales for 2012 to grow by 5-10% and its operational profitability to be 10-11% • These estimates take into account the impact of the Hamworthy acquisition 21 © Wärtsilä
Slide 22: Wärtsilä
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