Alstom SA · EURONEXT:ALO
Alstom SA — Natixis Railways Seminar 2009
41 slides from Alstom SA's conference presentation, Dec 16, 2009
Slide 1: Alstom Transport Railways Seminar
ALSTOM TRANSPORT Philippe MELLIER TRANSPORT Railways Seminar December 16th 2009
Slide 2: Agenda: 2 sections
Agenda : 2 sections Railways Market Alstom Transport Today p. 2
Slide 3: Agenda: Railways Market
Agenda Railways Market Alstom Transport Today p. 3
Slide 4: Railways market is growing 3% p.a.
Railways market is growing 3% p.a. Railways market per activity - average yearly sales values - Future Variation +3% 110 b€ market over 9 years p.a. 86 b€ 13 Signalling 10 22 Non 72 b€ +18 b€ Infrastructure 17 Rolling Stock 37 Services 27 31 38 Rolling Stock 38 b€ +7 b€ Rolling stock 2005-07 2014-16
Slide 5: Rolling Stock market trends differ from an area to another
Rolling Stock market trends differ from an area to another 10,6 8,4 8,3 10,1 9,3 6,6 CIS incl. Russia 3,4 2,6 North America 1,8 3,3 2,6 2,7 2008‐10 2011‐13 2014‐16 2008‐10 2011‐13 2014‐16 2008‐10 2011‐13 2014‐16 2008‐10 2011‐13 2014‐16 China India Europe 1,6 1,4 Asia Pacific Latin America (w/o India
Slide 6: Large opportunities in all continents
Large opportunities in all continents Europe • Very high speed and regional trains in Russia North America France and Germany • Double-deck passenger cars • Metros in Mexico, Canada • Mass transit projects in the UK and in and USA • Diesel locomotives the Netherlands • High speed lines in the USA •
Slide 7: Customers overview
Customers overview URBAN MAINLINES Historic metropoles Infrastructure owners NY, London, Paris RFF, DB Netz, RFI ¾ Imposed designs ¾ Invest to boost interoperability & grow capacity ¾ Huge contracts ¾ Optimised use-based fees charged to operators ¾ Urban & Suburban networks Passenger operators Growi
Slide 8: Customers are moving towards integrated mobility management
Customers are moving towards integrated mobility management DB EXAMPLE Door-to-door information Online-Ticket Mobility BahnCard 100 Mobility Parking at station Provider Connexion to public transportation Extension of portal to extended mobility offering eTicketing and payment system Ra
Slide 9: Transport market drivers
Transport market drivers • Market liberalisation, cross-boarder traffic • Our key customers becoming integrated mobility providers • Growth of urban populations, mainly in emerging nations • Increasing mobility & infrastructure saturation • Rising need for inter-modality • Transportation habits impa
Slide 10: Crisis impact on Railways
Crisis impact on Railways Evolution of Railways activities Likely impacts pass.km, ton.km, € invested in Infra • Approximatively flat P • No improvement until g er Tr affic unemployment drops Passen * DP growth ~ +0.99 x G • -15% to –35% in 09Q1 raffic F • Then bottoming, possibly t T Freigh x GDP g
Slide 11: Railways environment is changing
Railways environment is changing Market Concurrence Globally, the market is more open & more fragmented in 2009 than in 2003 Change a fiercer concurrence − Historic clients invite more & in − Traditional small competitors more competitors in tenders growing progressively − Several markets, tradition
Slide 12: Chinese manufacturers & TMH are the fastest-growing OEMs
Chinese manufacturers & TMH are the fastest-growing OEMs ROLLING STOCK SALES CNR CSR TMH + 2 Chinese TMH Siemens Alstom TOP 3 Bombardier 2001 2005 2008 p. 12
Slide 13: TOP3 Orders Intake
TOP3 Orders Intake Bombardier Alstom m€ Siemens 9938 10 000 9349 8150 8115 8 000 7812 6412 7500 6852 6154 5914 6 200 6 000 5 600 5500 5 700 5585 5200 5388 4 600 5 200 4 300 4905 4 600 4 800 4 000 3530 2 000 0 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 p. 13
Slide 14: TOP3 Sales
TOP3 Sales m€ 7 000 6 700 6 276 6 077 6 097 6 000 5 428 5 626 5 388 5 700 5 050 5 100 5 000 4 900 5 500 5 218 5 000 5 100 4 400 4 300 4 300 4 452 4 700 4 500 4 264 4 000 4 200 4 000 3 000 2 000 Bombardier Alstom Siemens 1 000 0 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 p. 14
Slide 15: TOP3 EBIT Margin
TOP3 EBIT Margin Bombardier EBIT margin evolution Alstom Siemens 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 year -2.0% -4.0% - -6.0% -8.0% -10.0% -12.0% p. 15
Slide 16: Agenda: Alstom Transport Today
Agenda Railways Market Alstom Transport Today p. 16
Slide 17: Agenda
Agenda Railways Market Alstom Transport Today What & where we sell How we are organised Our achievements & results Our strategy p. 17
Slide 18: Agenda
Agenda Railways Market Alstom Transport Today What & where we sell How we are organised Our achievements & results Our strategy p. 18
Slide 19: Transport Sales per activity
Transport Sales per activity Infrastructure Signalling 5% Rolling stock & Components Services Total sales FY08/09 €5.7 billion p. 19
Slide 20: Transport: 5.7 b€ Sales in FY08/09
Transport : 5.7 b€ Sales in FY08/09 Asia-Pacific 7% North America IBAM 12% 17% 189 customers Northern Europe South Europe 22% 41% Total sales €5.7 billion p. 20
Slide 21: Rolling Stock: an extensive range of products, from tram to VHST
Rolling Stock : an extensive range of products, from tram to VHST Long distance Locomotives Very high speed High speed Regional Interurban Tram-train Tram Metro Short distance Speed p. 21
Slide 22: Rolling Stock: Strong position in Urban
Rolling Stock : Strong position in Urban Lyon Barcelona Dublin Paris • Citadis selected by 32 towns Extensive knowledge and • Over 1,250 trams ordered experience • More than 1 billion passengers of steel wheel and rubber carried tyre metros p. 22
Slide 23: Rolling Stock: VHS French Exception to Worldwide Leadership
Rolling Stock : VHS French Exception to Worldwide Leadership South East AGV (IT) TGV 30 years of experience 25 109 1981 660 TGV & AGV sold 2011 TGV 60% ww market share** TGV East “Réseau” 19 equiv. (coach 80 1990/3 2007 TGV Atlantic 105 AVE (ES) KTX (Korea) 18 1994 2004 46 Eurostar TGV Thalys 31 199
Slide 24: Components
Components Developing components based on market needs. • Reliable, competitive and cost attractive • For internal integration or external customer Standard components catalogue aims to cover 80% of market requirements p. 24
Slide 25: Train Life Service (TLS)
Train Life Service (TLS) 3 after-market activities Maintenance Transit - Freight - Equipment – Track Renovation Transit – Freight – Equipment – Track Spare Parts & Components Repair All makes WCML Pendolinos Maintenance in UK (Virgin) Covering Alstom equipments as well as non-Alstom equipments p. 25
Slide 26: Transport Information Solutions (TIS)
Transport Information Solutions (TIS) Track Products Interlocking (IXL) Level Crossings Point Machines Manage Signals Priority Space Train trains Avoid detection collision Develop, install, configure, integrate a wide range of IT for Rail products & systems Train Protection Non Safety Systems ERTMS,
Slide 27: Transport Global Solutions (TGS)
Transport Global Solutions (TGS) TURNKEY PROJECT OPERATION MANAGEMENT DESIGN – CONSTRUCT - MAINTAIN C - System engineering I - Interfaces coordination O V - Construction methods P I -Testing and commissioning E L Trackworks Electrification Electromechanical Signalling Workshop Rolling Stock ( turnke
Slide 28: Agenda
Agenda Railways Market Alstom Transport Today What & where we sell How we are organised Our achievements & results Our strategy p. 28
Slide 29: Around 27 000 employees in more than 60 countries
Around 27 000 employees in more than 60 countries North Europe 21% North America 6% IBAM South Europe 19% 49% Asia-Pacific 5% p. 29
Slide 30: Current footprint RS & Components: 1/2 (Europe)
Current footprint RS & Components : 1/2 (Europe) FRANCE Charleroi La Rochelle Belfort Katowice Valenciennes Reichshoffen Salzgitter Le Creusot Ornans Sesto San Giovanni Tarbes JV Santa Perpètua Savigliano Component Unit RS Unit p. 30
Slide 31: Current footprint RS & Components: 2/2 (rest of the world)
Current footprint RS & Components : 2/2 (rest of the world) Shanghai SATCO SATEE Hornell Qingdao Xi’ian Coimbatore JV Lapa Component Unit RS Unit p. 31
Slide 32: Agenda
Agenda Railways Market Alstom Transport Today What & where we sell How we are organised Our achievements & results Our strategy p. 32
Slide 33: Recent events
Recent events High speed – Very high speed Metros z First 25 AGVs ordered in Italy, plus a maintenance z Metros in Chile, China and USA contract z Contract for 60 double-decker trains (+70 options) z Contract for Pendolinos in the UK, in France* plus a maintenance contract p. 33
Slide 34: Recent events
Recent events Tramways Systems-Infrastructure-Signalling z New orders for CITADIS in Oran and Constantine z Automated train control system for the Sao (Algeria), in Dubai (United Arab Emirates) and in Paulo metro Rabat (Morocco) z Infrastructure and signalling for the Mexico City Regional trains met
Slide 35: History of Transport Results
History of Transport Results 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 Sales 4 416 5 078 4 865 5 100 5 128 5 288 5 512 5 685 Orders 6 157 6 412 4 711 5 491 5 184 5 388 7 468 8 115 Income fr. Oper. n/a n/a 64 218 324 349 397 408 Operating Margin n/a n/a 1,3% 4,3% 6,3% 6,6% 7,2% 7,2% Backlog 14
Slide 36: Agenda
Agenda Railways Market Alstom Transport Today What & where we sell How we are organised Our achievements & results Our strategy p. 36
Slide 37: Alstom Transport strategy
Alstom Transport strategy ¾ Keep leading position both in terms of market share and profitability. Be selective ¾ Rolling Stock ¾ Keep our current leadership positions ¾ Develop new products to address low tech / low cost markets ¾ Differentiate through innovation and accelerate standardisation ¾ Le
Slide 38: Strategic priorities: Rolling Stock
Strategic priorities : Rolling Stock • VHST: maintain leadership around the world, deploy AGV • Tram & Tram-Train : reach leadership position • Metro : improve competitiveness • Regional: leverage Coradia references • Locomotive: prepare for market rebound through an integrated offer (Prima II + ser
Slide 39: Strategic priorities: Non-Rolling Stock Activities
Strategic priorities : Non-Rolling Stock Activities Train Life Services (TLS) • Develop bundled offers, especially for Freight • Design for Serviceability through Train Life Service integration into Rolling Stock • Continue Merge & Acquisitions investigations Transport Information Solutions (TIS) •
Slide 40: Partnership with TMH (Transmashholding)
Partnership with TMH (Transmashholding) Potential of the Russian market • Technological support to modernise TMH’s facilities • Largest railway market in Europe • Creation of a 50/50 JV for the development of new products in Russia • 85,000 kilometres of electrified track • Purchase of a 25% stake i
Slide 41: www.alstom.com
www.alstom.co TRANSPORT | ALSTOM