Vestas Wind Systems A/s · OMXCOP:VWS
Vestas Wind Systems A/s — Investor Day (August 2006)
16 slides from Vestas Wind Systems A/s's investor day presentation, Aug 28, 2006
Slide 1: Vestas - growing in Asia
Vestas - growing in Asia Capital Markets Day, 28 August 2006 Presentation by Thorbjørn N. Rasmussen, President Vestas Asia Pacific A/S
Slide 2: Thorbjørn N. Rasmussen, President, Vestas Asia Pacific
Thorbjørn N. Rasmussen President, Vestas Asia Pacific • Married and have 2 girls • 40 years old • Master of Science (Econ.) • Employed at Vestas since 1994 • Different positions in Vestas. Since 1998, part of Vestas management • Since 2004, President of Vestas Asia Pacific • Board Member of EWEA for
Slide 3: Agenda
Agenda • Asia in the global perspective • Market prospects • The new Vestas organisation in Asia • The Vestas level of commitment 3
Slide 4: Vestas needs to act like a true Asia Pacific company
Vestas needs to act like a true Asia Pacific company “Wind Power Growth Shifting to Asia in Future” Although Europe has been the hub of global wind power development for more than a decade, signs are emerging of intensifying activity in Asia, primarily India and China. Windstats Vol. 19, No. 1 - Win
Slide 5: The realities of the Asian economy
The realities of the Asian economy • Asia is fast becoming the economic powerhouse of the world • the question is no longer if China will surpass the US in economic power – it is a question of when? • growth needs secure power sources • wind is a variable but secure power source • wind has its part
Slide 6: Selected market shares from BTM
Selected market shares from BTM Top-10 Suppliers in 2005 2005 Market Shares in India % of the total market 11,407 MW % of 1,253MW in total ENERCON (GE) Enercon Other India 13.2% 7.8% 1.2% GE WIND (US) 17.7% GAMESA (ES) 12.9% Suzlon Gamesa 53.5% 1.2% SUZLON (Ind) 6.1% SIEMENS (DK) Vestas 5.5% 27.4% V
Slide 7: China - significant growth prospects
China - significant growth prospects 2500 “...there “...thereare aregreat great 33,3% expectations expectations forthe for the installation installationof ofwind windpower power in inChina Chinain inthe thecoming comingfive 2000 five years, partly fuelled by the years, partly fuelled by the staggeri
Slide 8: India - already a significant market
India - already a significant market “...there “...therearearecontinuous continuous expectations expectationsfor forthe the installation installationof ofnew newwind wind power in India even tough power in India even tough that thatIndia Indiaisisalready alreadythe the forth forthlargest largestwind
Slide 9: Australia and New Zealand - interesting markets
Australia and New Zealand - interesting markets “...Australian “...Australianmarket marketisis stagnating stagnatingwith withonly only Victoria Victoriastate stateincreasing. increasing. NZ NZisisaamarket markettotocome come with withvery veryinteresting interesting market marketpotential.” potentia
Slide 10: We are now really focusing on Asia Pacific with our hub strategy
We are now really focusing on Asia Pacific with our 3 hub strategy Technical Support Center/DK QSE/DK China Hub/Beijing (Sales, Project and Service) India Hub/Chennai (Sales, Project and Service) ASP HQ/Singapore • Finance/IT • People & Culture • Marketing / BD Australia Hub/Melbourne (Sales, Projec
Slide 11: The changes so far
The changes so far China • upgrading Beijing Office for Sales, Project and Service • service organisation to support customers in China as well as Korea and other markets in Asia Korea • sales and service office in Seoul opened Japan • sales through Vestech • service company Taiwan • sales & service
Slide 12: More changes
More changes Australia • new sales entity in Melbourne with explicit focus on developing new emerging markets to be transferred to the hubs (when developed) 12
Slide 13: Products for the Asia Pacific area
Products for the Asia Pacific area V82-1.65 MW • manufactured in India and blades in Australia V80-2.0 MW • manufacturing in China complete Q2 2007 V90-1.8/2.0 MW to follow in China (end of 2007) V52-850 kW – the turbine that goes anywhere • still produced in Europe V90-3.0 MW • still produced in Eu
Slide 14: A question of commitment
A question of commitment • 156 people currently employed in China • A further 460 people are expected to be employed when: • the blade factory extension • the assembly factory and • the generator factory are finished • Today, 506 people in total employed directly with the ASP area - approx 5% of our
Slide 15: In summary
In summary • Asia is becoming the energy market with the largest growth • Vestas is now acting like a true Asia Pacific company • Vestas is investing heavily in local production and local employees in the region • Customers will now have access to the core of the company • Besides having our Asia Pa
Slide 16: Q&A
Q&A 16