Wartsila Oyj Abp · OMXHEX:WRT1V
Wartsila Oyj Abp — Wärtsilä — Investor Presentation (2015)
34 slides from Wartsila Oyj Abp's investor presentation, 2015
Slide 1: Wärtsilä Corporation Corporate Presentation 2015
WӒRTSILӒ CORPORATION CORPORATE PRESENTATION 2015 © Wärtsilä
Slide 2: Complete Lifecycle Power Solutions
COMPLETE LIFECYCLE POWER SOLUTIONS A global leader in sustainable power for the marine and energy markets 2 © Wärtsilä 2015 Corporate presentation 2015
Slide 3: Our Mission, Vision and Values
OUR MISSION, VISION AND VALUES We shape the marine and ENERGY energy markets with Capture opportunities and advanced technologies and make things happen. focus on lifecycle MISSION performance, to enhance our EXCELLENCE customers’ business and Do things better than anyone benefit the environment. el
Slide 4: This is Wärtsilä
THIS IS WӒRTSILӒ WÄRTSILÄ ENERGY SOLUTIONS MARINE SOLUTIONS SERVICES 4 © Wärtsilä 2015 Corporate presentation 2015
Slide 5: What We Bring to the Market
WHAT WE BRING TO THE MARKET EFFICIENCY ENVIRONMENTAL SOLUTIONS FUEL FLEXIBILITY 5 © Wärtsilä 2015 Corporate presentation 2015
Slide 6: Focus on Research and Development
FOCUS ON RESEARCH AND DEVELOPMENT • Strong emphasis on technology leadership and innovation “ Total efficiency, cost of ownership, fuel flexibility • Long-term co-operation with and versatility, minimised research institutes and partners environmental impact, • R&D investments in 2014 and reliabilit
Slide 7: Production and Services Globally
PRODUCTION AND SERVICES GLOBALLY SERVICES NETWORK PRODUCTION FACILITIES (FULLY OWNED) PRODUCTION FACILITIES (JOINT VENTURES) PRODUCTION FACILITIES (ONGOING FOOTPRINT INITIATIVES) 7 © Wärtsilä 2015 Corporate presentation 2015
Slide 8: Our Personnel
OUR PERSONNEL 17,700 70 200 PROFESSIONALS COUNTRIES LOCATIONS 8 © Wärtsilä 2015 Corporate presentation 2015
Slide 9: Our Nationalities
OUR NATIONALITIES Finland India Italy China Netherlands Norway Great Britain Brazil Pakistan France Singapore Germany Philippines Spain Poland South Korea Switzerland Denmark Bangladesh U.S. Indonesia Sweden Russia Japan Ecuador Kenya Myanmar Canada Turkey Malaysia Dominica Guyana Greece South Afric
Slide 10: Positioned for Growth
POSITIONED FOR GROWTH ENERGY EFFICIENT GAS BASED INNOVATIVE SOLUTIONS TECHNOLOGY SOLUTIONS • Smart Power Generation • A forerunner in gas and multi- • Strong and global track record combining energy efficiency, fuel engines, fuel systems, in distributed energy fuel and operational flexibility techno
Slide 11: Financial Highlights
FINANCIAL HIGHLIGHTS MEUR 2014 20132 20123 2011 2010 Order intake 5 084 4 821 4 940 4 516 4 005 Order book at the end of the 4 530 4 311 4 492 4 007 3 795 period Net sales 4 779 4 607 4 725 4 209 4 553 Operating result 1 569 557 517 469 487 % of net sales 1 11.9 12.1 10.9 11.1 10.7 Earnings/share, E
Slide 12: Solid Profitability
SOLID PROFITABILITY MEUR 700 14% 600 12% 500 10% 400 8% 300 6% 200 4% 100 2% 0 0% 2010 2011 2012 2013 2014 EBIT EBIT % Figures shown before non-recurring restructuring items. 2014 EBIT and EBIT% include continuing operations. Figures for 2010-2013 include both discontinued and continuing operations.
Slide 13: Energy Solutions
ENERGY SOLUTIONS Our flexible technology provides superior value and environmental benefits, contributing to more efficient and sustainable power systems 13 © Wärtsilä 2015 Corporate presentation 2015
Slide 14: Energy Solutions Offering
ENERGY SOLUTIONS OFFERING • Flexible baseload power plants • Capacity for grid stability, peaking, load following and integrating balancing wind and solar energy • Multi-fuel solutions enabling use of any gas or liquid fuels • LNG terminals and distribution systems • Project development and EPC capa
Slide 15: LNG Solutions
LNG SOLUTIONS We provide our full range of project and lifecycle support to LNG receiving terminals. We have the capability to develop the entire LNG fuel supply chain in partnership with our customers. 15 © Wärtsilä 2015 Corporate presentation 2015
Slide 16: Our Customer Segments
OUR CUSTOMER SEGMENTS UTILITIES IPP’S INDUSTRIAL CUSTOMERS Organisations providing Financial organisations Industrial businesses electricity and / or heat investing in power with captive power to power markets or end plants to sell power to plants. users. utilities. 16 © Wärtsilä 2015 Corporate pres
Slide 17: Energy Solutions Strategy
ENERGY SOLUTIONS STRATEGY • Grow strongly in large utility gas power plants by capturing market share from gas turbines • Maintain our leading position in HFO & dual-fuel power plants • Grow the gas power plant business further by developing and delivering LNG infrastructure projects • Grow in biofu
Slide 18: Market Trends & Drivers
MARKET TRENDS & DRIVERS • Economic growth, electrification and increased standard of living “ The world needs clean, • Demand for sustainability and reducing carbon emissions affordable and • Rapid growth of intermittent renewable reliable power generation and escalating demand fluctuation generatio
Slide 19: Smart Power Generation
SMART POWER GENERATION Enabling transition to a sustainable power system ENERGY AFFORDABLE EFFICIENCY SMART SMART POWER POWER GENERATION SYSTEM FUEL OPERATIONAL RELIABLE SUSTAINABLE FLEXIBILITY FLEXIBILITY 19 © Wärtsilä 2015 Corporate presentation 2015
Slide 20: Marine Solutions
MARINE SOLUTIONS We are the leading provider of innovative products and integrated solutions in the marine and oil & gas industries. We are passionate about supporting our customers with what they need, through optimised lifecycle value and best-in- class operational efficiency, environmental excell
Slide 21: The Most Complete Marine Offering on Earth
THE MOST COMPLETE MARINE OFFERING ON EARTH 21 © Wärtsilä 2015 Corporate presentation 2015
Slide 22: Covering All Market Segments
COVERING ALL MARKET SEGMENTS OFFSHORE MERCHANT CRUISE & FERRY NAVY SPECIAL VESSELS OIL & GAS SHIPPING 22 © Wärtsilä 2015 Corporate presentation 2015
Slide 23: Marine Solutions Strategy
MARINE SOLUTIONS STRATEGY EFFICIENCY GAS AND DUAL- ENVIRONMENTAL FUEL SOLUTIONS SOLUTIONS LEADER IN • Lifecycle solutions for ship owners and operators OFFERING THROUGH • Integrated solutions for the shipbuilding industry, owners and operators • The most competitive products and delivery process for
Slide 24: Market Trends & Drivers
MARKET TRENDS & DRIVERS • Marine trade and transportation growth • Demand for oil and gas drive investments in exploration and production of offshore oil & “ A dynamic global market, but with gas and distribution chain development distinctive • Demand for environmental solutions and gas as a marine
Slide 25: Environmental Legislation Continues
ENVIRONMENTAL LEGISLATION CONTINUES North Europe ECA North America All ECA 1% SOx ECA 1% SOx 0.1% SOx 0.1% SOx Global cap 3.5% Global 0.5% SOx Global cap in EU ports SOx limit reviewed 0.5% SOx 2008 2012 2013 2014 2015 2016 2017 2018 2019 2020 2025 2009 2011 2010 NOx Tier II NOx Tier III in NECA (Gl
Slide 26: Wärtsilä Dual-Fuel References
WӒRTSILӒ DUAL-FUEL REFERENCES MERCHANT OFFSHORE SPECIALS DF CONVERSION 2 STROKE DF DF POWER PLANTS 732 ENGINES 132 ENGINES 61 ENGINES 28 ENGINES 22 ENGINES 383 ENGINES 168 LNG carriers 24 Offshore supply 9 Ferries 4 FPSO vessels 6 Large LNG 79 plants 8 Multigas carriers vessels 6 Tugs 2 RORO vessels
Slide 27: Services
SERVICES Our global network and wide range of products, services and expertise enable us to enhance our customer’s business – whenever, wherever 27 © Wärtsilä 2015 Corporate presentation 2015
Slide 28: Benefits of Working with Services
BENEFITS OF WORKING WITH SERVICES Optimising customer operations whenever, Installed base 181,000 MW wherever is our shared passion. Over 450 installations under service agreements We provide the broadest portfolio and the best services in the industry for both shipping and 11,000 service profession
Slide 29: A Wide Range of Expertise and Services
A WIDE RANGE OF EXPERTISE AND SERVICES ENGINE SERVICES PROPULSION ELECTRICAL AND SEALS AND SERVICES AUTOMATION BEARINGS SERVICES SERVICES HYDRO AND INDUSTRIAL SERVICE SERVICE PROJECTS TRAINING SERVICES PRODUCTS AND SERVICES AGREEMENTS 29 © Wärtsilä 2015 Corporate presentation 2015
Slide 30: Our Passion: Lifecycle Efficiency
OUR PASSION: LIFECYCLE EFFICIENCY PERFORMANCE PREVENTING OPTIMISATION THE UNEXPECTED Longer term strategies are aimed Reliable, continuous performance at improving business efficiency. is essential. Planning operational Optimising performance of reliability of installations through installations red
Slide 31: Strategic Focus Areas
STRATEGIC FOCUS AREAS CUSTOMER FIRST GO-DIGITAL ASSET & LIFECYCLE We will nourish our We will digitalise We will continue to develop partnership with our our customer and commercialise our existing customer base by engagement: portfolio of value-adding focusing on improved: services: • Logistics and
Slide 32: Market Trends & Drivers
MARKET TRENDS & DRIVERS • Complexity, uncertainty and volatility in global economy and politics • Digital disruption and need for real-time data • Growing importance of gas as a fuel • Solid demand for energy driving opportunities within oil & gas industry • Overcapacity in merchant shipping and res
Slide 33: Services Strategic Goal
SERVICES STRATEGIC GOAL To be recognised as our customers’ most valued and competitive service partner: competent, reliable and easy to deal with 33 © Wärtsilä 2015 Corporate presentation 2015
Slide 34: Appendix: Abbreviations
APPENDIX: ABBREVIATIONS CNG = compressed natural gas DF = dual-fuel EBIT = earning before interests and taxes ECA = emission control area EPC = engineering, procurement and construction FPSO = floating production, storage and offloading (vessel) FSO = floating storage and offloading (vessel) FSRU =