Wartsila Oyj Abp · OMXHEX:WRT1V
Wartsila Oyj Abp — Wärtsilä — Investor Presentation (February 2021)
53 slides from Wartsila Oyj Abp's investor presentation, Feb 13, 2021
Slide 1: Wärtsilä Corporate Presentation 2021
WÄRTSILÄ CORPORATE PRESENTATION 2021 © Wärtsilä PUBLIC
Slide 2: Wärtsilä in brief
WÄRTSILÄ IN BRIEF 3 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 3: Global leader
FOUNDED IN 1834 GLOBAL LEADER in sustainable solutions for the marine and energy markets COMPARABLE OPERATING ORDER INTAKE NET SALES RESULT 275 MEUR 4,359 MEUR 4,604 MEUR OPERATIONS IN OVER OUR PERSONNEL APPROX. NATIONALITIES 200 LOCATIONS 17,800 139 Financials are for fiscal year 2020. Location, pe
Slide 4: Innovating for a sustainable future together since 1834
INNOVATING FOR A SUSTAINABLE TOGETHER SINCE 1834 FUTURE 5 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 5: Our industries
OUR INDUSTRIES AS ED CUSTOMER V C RE AL UE IN Lifecycle optimisation ENERGY Energy TS IL Ä AS A SE R Innovative R VI Ä efficiency solutions CE W Enabling sustainable societies with smart Strong technology High MARINE presence performance in growth culture markets Operational excellence ENABLERS 6 ©
Slide 6: Approx. 17,800 employees, over 200 locations
Approx. 17,800 employees Over 200 locations world-wide In more than 70 countries 7 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 7: Our global presence
OUR GLOBAL PRESENCE 62% 22% Europe Asia 11% 5% Americas Other Offices and workshops Production Headquarters 8 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 8: Our 139 nationalities
OUR 139 NATIONALITIES Finland Italy India Germany Netherlands China Norway Russia United U.S. Pakistan France Poland Brazil Spain Indonesia Philippines South Korea Singapore Kingdom Bangladesh Sweden Japan Canada Denmark Kenya Greece Ecuador Argentina Turkey Switzerland Colombia Mexico Malaysia Sene
Slide 9: Sustainability
SUSTAINABILITY 10 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 10: Sustainability strategy and targets
SUSTAINABILITY HIGH ETHICAL RECOGNISED STRATEGY AND DEFINED PROCESSES TRANSPARENCY SUSTAINABILITY STANDARDS TARGETS Certified QEHS Sustainability reporting WORK Strong focus on Values and Code of I.a. DJSI and management systems according to GRI standards decarbonisation Conduct program FTSE4Good in
Slide 11: Research and development
RESEARCH AND DEVELOPMENT 12 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 12: R&D investments and patents
In 2020, research & development investments amounted to 153 MEUR, representing 3.3% of net sales. Approximately 2,100 patents and 500 patent applications. 13 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 13: Fuel flexibility and future fuels
FUEL FLEXIBILITY OPTIMISING TOWARDS ZERO NEW TECHNOLOGY TO AND FUTURE FUELS ENERGY SYSTEMS EMISSION MARITIME ENABLE A SMART MARINE ECOSYSTEM 14 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 14: Financial overview
FINANCIAL OVERVIEW 15 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 15: Financial highlights
FINANCIAL HIGHLIGHTS MEUR 2020 2019 2018 20171 2016 Order intake 4,359 5,327 6,307 5,644 4,927 Order book at the end of the period 5,057 5,878 6,166 5,100 4,696 Net sales 4,604 5,170 5,174 4,911 4,801 Comparable operating result 275 457 577 576 583 % of net sales 6.0 8.8 11.2 11.7 12.1 Earnings/shar
Slide 16: Wärtsilä Energy
WÄRTSILÄ ENERGY 17 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 17: Wärtsilä Energy leads the transition to 100% renewable energy
Wärtsilä Energy leads the transition towards a decarbonised and 100% renewable energy future. We help our customers in the transition by developing market-leading technologies, from future-fuel enabled flexible power plants and hybrid solutions to energy storage and optimisation technology, includin
Slide 18: Energy landscape in transition
WÄRTSILÄ ENERGY The energy landscape is in a transition towards more flexible and decarbonised energy systems. We envision a 100% renewable energy future. Based on our deep understanding and leading position in the energy transition we develop innovative, value-adding solutions for our customers’ fu
Slide 19: Drivers of the energy transition
WÄRTSILÄ ENERGY Increasing public resistance Targets for renewables Rapidly decreasing against fossil fuels and decarbonisation price of renewables Electrification increases Mitigating climate Need for decarbonisation electricity demand change and future fuels 20 © Wärtsilä PUBLIC 13 February 2021 W
Slide 20: Future-proof flexible solutions supporting the energy transition
WÄRTSILÄ ENERGY FUTURE-PROOF AND FLEXIBLE SOLUTIONS SUPPORTING THE ENTIRE ENERGY TRANSITION, AVAILABLE TODAY RES 19% RES 20% RES 80% RES 100% Global average Tipping point Renewables Final push today* as baseload Future-proof flexible power plants Energy storage with industry-leading energy managemen
Slide 21: Solutions to support the energy transition
WÄRTSILÄ ENERGY SOLUTIONS TO SUPPORT THE ENERGY TRANSITION ENERGY STORAGE AND FLEXIBLE POWER PLANTS LIFECYCLE SERVICES OPTIMISATION Flexible power plants utilising Energy storage solutions that Lifecycle services encompass modular and future-proof build a resilient and intelligent performance and ma
Slide 22: Strengths
WÄRTSILÄ ENERGY STRENGTHS With a deep understanding of the energy transition and power systems, we can help our customers find their optimal and most efficient path towards 100% renewable energy, while balancing and future-proofing their power system. FUTURE-PROOF POWER SYSTEM OPTIMISING ASSETS BALA
Slide 23: Key facts
WÄRTSILÄ ENERGY KEY FACTS 74 GW 12,000 92% customer satisfaction among power plant capacity engines delivered across our service agreement delivered to 180 countries 5,000 power plants customers with a NPS* of 70 180 80+ ~250 countries and power systems energy storage and Our expertise centres model
Slide 24: Wärtsilä in the marine market
WÄRTSILÄ IN THE MARINE MARKET 25 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 25: Smart Marine Ecosystem
SMART MARINE ECOSYSTEM We are on a mission to create a Smart Marine Ecosystem – one in which the maritime industry uses only the cleanest available fuels. Where on-board power production is optimised, and routes are precision-planned to avoid navigational hazards, traffic congestion, and unexpected
Slide 26: Marine megatrends
MARINE AGING OF GEOPOLITICAL URBANISATION ADVANCED POPULATION FACTORS AND AND INCREASE IN TECHNOLOGY CLIMATE CHANGE AND GROWING SCARCE POPULATION DEVELOPMENTS MIDDLE-CLASS RESOURCES 27 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 27: World trade carried by sea and wasted capacity
MARINE OF WORLD TRADE IS WASTED IN OVERCAPACITY, FUEL CARRIED BY SEA INEFFICIENCY & WAITING TIMES 28 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 28: A Smart Marine Ecosystem
MARINE A Smart Marine Ecosystem is about the maritime industry working together to address critical challenges . and to generate solutions towards a sustainable future. TOWARDS ZERO EFFICIENCY SAFETY RELIABILITY EMISSIONS 29 © Wärtsilä PUBLIC 13 February 2020 Wärtsilä Corporate Presentation 2020
Slide 29: Path to reducing GHG levels by 2030 and 2050
MARINE Data, technology, LNG, biofuels and renewables will take us to reducing -40% GHG levels by 2030 Sustainable fuels and advanced technologies will take us to reducing -50% GHG levels by 2050 ENERGY SOURCE ENERGY EFFICIENT DATA AND FUEL FLEXIBILITY TECHNOLOGIES … ADOPTED IN A SMART MARINE ECOSYS
Slide 30: Our three marine businesses
OUR THREE MARINE BUSINESSES Since July 2020, Wärtsilä has organised its Marine operations under three distinct Businesses. With this simplified structure we aim to increase agility and speed in decision-making, and thus accelerate the execution of our Smart Marine strategy. MARINE POWER VOYAGE MARIN
Slide 31: Wärtsilä Marine Power
WÄRTSILÄ MARINE POWER 32 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 32: Wärtsilä Marine Power overview
Wärtsilä Marine Power leads the industry in its journey towards a decarbonised and sustainable future. Our portfolio of engines, propulsion systems, hybrid technology, and integrated powertrain systems deliver the reliability, safety, and environmental performance that Wärtsilä’s smart marine vision
Slide 33: Maritime industry sustainability challenge
MARINE POWER Never has it been clearer, that the maritime industry needs to step up its sustainability game. 34 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 34: Marine Power offers solutions and an upgrade path
MARINE POWER MARINE POWER OFFERS CUSTOMERS A SOLUTION TO PRESENT CHALLENGES AND AN UPGRADE PATH TO THE FUTURE CORE STAND-ALONE KEY COMPLEMENTARY LIFECYCLE SOLUTIONS AN UPGRADE PATH TOWARDS PRODUCTS TECHNOLOGIES DECARBONISATION Engines Catalysts Part services Fuel Flexibility (NOx reduction) Field &
Slide 35: Marine Power key facts
MARINE POWER KEY FACTS The world's most extensive Wärtsilä’s biggest business 70,000 transactions for Parts and network of maritime expertise. In 2 Bn EUR Net Sales, 3.8 Million man hours billed for 193 locations, 53 countries over 57,000 equipments installed Field Services each year in 19,000 vesse
Slide 36: Marine Power strengths
MARINE POWER DELIVERING THE SUBJECT MATTER PIONEERING RESEARCH UNRIVALLED KNOW-HOW INCREASING CUSTOMER WORLDS MOST EXPERTS WITH A & DEVELOPMENT OF IN ALTERNATIVE FUELS VALUE THROUGH EFFICIENT INTEGRATED PASSION TO MAKE A NEW TECHNOLOGIES & FUEL FLEXIBILITY LIFECYCLE SOLUTIONS DIFFERENCE POWERTRAIN S
Slide 37: Wärtsilä Marine Systems
WÄRTSILÄ MARINE SYSTEMS 38 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 38: Wärtsilä Marine Systems overview
Wärtsilä Marine Systems offers high-quality products, solutions, and lifecycle services related to the gas value chain, exhaust treatment applications, shaft line solutions, and marine electrical integrations. Our aim is to provide the latest and most efficient solutions in line with Wärtsilä's Smar
Slide 39: Marine Systems business units
MARINE SYSTEMS MARINE SYSTEMS Wärtsilä Marine Systems comprises four individual business units with full lifecycle ownership of their respective products and solutions, which are sold for both newbuild and retrofit applications. Shaft Line Solutions Exhaust Treatment Gas Solutions Marine Electrical
Slide 40: Shaft Line Solutions
MARINE SYSTEMS SHAFT LINE SOLUTIONS Leading experts in Shaft Line Solutions, offering a comprehensive portfolio of products, integrated Shaft Line Solutions and complete aftermarket services KEY FACT: 30,000 vessels worldwide have Shaft Line Solution installations Reliability Lifecycle support Remot
Slide 41: Gas Solutions
MARINE SYSTEMS GAS SOLUTIONS Wärtsilä’s gas solutions bring carbon neutral or transition fuels to the market and minimise emissions from the gas infrastructure. In so doing, Wärtsilä helps customers on the journey towards a sustainable future through a focus on lifecycle support innovation, and digi
Slide 42: Exhaust Treatment
MARINE SYSTEMS EXHAUST TREATMENT Wärtsilä Exhaust Treatment provides abatement technologies for the marine industry and is the market leader. We develop solutions that go beyond the current marine sector regulatory framework addressing current and future environmental challenges. KEY FACT: 650 scrub
Slide 43: Marine Electrical Systems
MARINE SYSTEMS MARINE ELECTRICAL SYSTEMS Wärtsilä Marine Electrical Systems is an integrator of all electrical systems onboard ships. MES forms an integral part of customers’ design and building processes from early planning until the delivery of the vessel. Flexibility Complex Project Risk mitigati
Slide 44: Wärtsilä Voyage
WÄRTSILÄ VOYAGE 45 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 45: Wärtsilä Voyage
VOYAGE WÄRTSILÄ VOYAGE From unconnected traditional sails to data-driven intelligent ships and ports that make voyages safer, greener and more efficient: Wärtsilä Voyage is on a mission to build a Smart Marine Ecosystem. We combine hard- and software solutions to optimise the entire lifecycle of mar
Slide 46: Voyage solution areas
AUTONOMY & VOYAGE & FLEET SIMULATION & AUTOMATION OPTIMISATION TRAININGS SERVICE & PORT SOLUTIONS MAINTENANCE 47 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 47: Voyage key facts
VOYAGE KEY FACTS 5,000 10,000 12,000 1,000 vessels sail into the future vessels find the best routes vessels left inefficiencies vessels benchmark their fuel with our integrated possible with our ECDIS, behind with our efficiency with our fuel navigational bridges including charts automation systems
Slide 48: Tackling decarbonisation
VOYAGE TACKLING DECARBONISATION AT THE INTERSECTION OF DECARBONISATION & DIGITALISATION LNG BUNKERING AND WÄRTSILÄ FLEET WÄRTSILÄ FUEL GAS SUPPLY OPERATIONS NAVI-PORT SYSTEM SIMULATOR SOLUTION WÄRTSILÄ CLOUD SIMULATION SMARTMOVE SUITE 49 © Wärtsilä PUBLIC February 2021 © Wärtsilä Voyage. Overview
Slide 49: Portfolio Business
PORTFOLIO BUSINESS 50 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 50: Portfolio simplification strengthens the core and unlocks value
PORTFOLIO SIMPLIFICATION STRENGTHENS THE CORE AND UNLOCKS THE VALUE OF NON-CORE BUSINESSES Businesses identified as non-core BU Portfolio Business Objectives and moved to BU Portfolio Business • Simpler, more focused • Hydropower solutions and Financial profile core portfolio turbine services • Appr
Slide 51: Thank you
THANK YOU 52 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 52: PUBLIC
53 © Wärtsilä PUBLIC 13 February 2021 Wärtsilä Corporate Presentation 2021
Slide 53: Wartsila
re, WARTSILA