Exel Composites Oyj · OMXHEX:EXEL
Exel Composites Oyj — Investor Day (2023)
11 slides from Exel Composites Oyj's investor day presentation, 2023
Slide 1: Composite volume business drives the growth
Capital Markets Day 2023 Composite volume business drives the growth Kari Loukola Senior Vice President, leading Wind program
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements. These statements relate to future events of Exel Composites’ future financial performance, including but not limited to strategic plans, potential growth, expected capital expenditures, future cash sources and requirements, liquidity
Slide 3: Volume application business
Volume application business Multiple production lines Optimization of operations Supply chain management Customer Interface Applications examples - Efficiency with standard operation – Key Account Management procedures • Run continuously the • Well defined product • Right price, payment • Frame cont
Slide 4: Pultrusion growth opportunities for volume business
Pultrusion growth opportunities for volume business Addressable market, BEUR Wind power Building and infrastructure Transportation ~1.5 +9% ~1.2 +5% ~1.0 +3% ~0.9 ~0.8 ~0.8 +16% +4% +3% ~0.7 ~0.6 ~0.5 2017 2022 2027E 2017 2022 2027E 2017 2022 2027E Source: IHS; The World Bank; Statista; Global Data;
Slide 5: Exel starts the volume application business model with wind market
Exel starts the volume application business model with wind market - Wind market order volume is growing and expected to grow T USD Annual investment in fossil fuels and clean energy (GW) Global wind turbine orders 140 120 +30% 2H 100 +45% 80 +12% 60 40 1H 1H 1H 20 0 2020 2021 2022 H1 2023 Source: W
Slide 6: Wind turbine blades are getting longer
Wind turbine blades are getting longer Power has direct relation to the “swipe area” of a wind turbine If blade length would be +10%, the theoretical power would be +21% A 2007 2008 2017 2021 2023 2025 2MW 3MW 4MW 9.5MW 11MW 14MW A = π * r² 80m 112m 130m 164m 200m 222m 5 Exel Composites CMD 2023
Slide 7: Volume business offering for enabling longer wind turbine blades
Volume business offering for enabling longer wind turbine blades 1) Spar caps 2) Shear web profile 3) Root joints Give stiffness to long blades Structural element inside a wind blade Attach main bolts to a wind blade In long wind blades carbon fiber Glass fiber product Glass fiber product product Im
Slide 8: India is a global wind blade manufacturing HUB
India is a global wind blade manufacturing HUB India is one of the major wind manufacturing Global WTG blade manufacturing hubs capacity in 2022 ◆ India is a major exporter of wind blades Other 1% ◆ Wind blades requires lot of manual labor LATAM US 7% ◆ India domestic market is also growing 7% India
Slide 9: Wind project in India proceeding as planned
Wind project in India proceeding as planned ◆ LOI’s signed with two wind blade manufactures with multi-year scope ◆ Product testing with multiple carbon fiber options proceeding well ◆ PPAP agreed with a customer, test production in Q1 2024 ◆ Testing ongoing in existing production site. Volume deliv
Slide 10: Composite volume business drives the growth
Composite volume business drives the growth 1. High volume business model will increase both topline and profit 2. Wind segment is the first focus area of volume business unit 3. India wind production ramp-up project is proceeding well 9 Exel Composites CMD 2023
Slide 11: For Forward Thinkers
FOR FORWARD THINKERS