More Related Content Similar to Wärtsilä Presentation, Ade Audifferen, Wärtsilä Nigeria (20) More from Business Finland (20) Wärtsilä Presentation, Ade Audifferen, Wärtsilä Nigeria1. WÄRTSILÄ CORPORATION
CORPORATE PRESENTATION 2012
1 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
2. Our roots and heritage
Passion for engines.
2 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
3. Today we are much more than an engine company
Passion for optimising lifecycle value for our
customers with modern and sustainable power
solutions
3 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
4. Our mission, vision, and values
MISSION We provide lifecycle power solutions to enhance
the business of our customers, while creating
better technologies that benefit both the customers
and the environment.
We will be the most valued business
VISION
partner of all our customers.
ENERGY EXCELLENCE EXCITEMENT
VALUES
Capture opportunities Do things better than Foster openness,
and make things happen anyone else in our respect and trust to
industry create excitement
4 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
5. This is Wärtsilä
POWER
PLANTS
SHIP
POWER
SERVICES
5 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
6. This is what we bring to the market
ENVIRONMENTAL FUEL
EFFICIENCY
SOLUTIONS FLEXIBILITY
6 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
7. Our offering
CUSTOMERS
Ship Power Services
integrated solutions
solutions
Equipment Lifecycle
sales solutions
Power Plants From spare
customised parts to
solutions service
agreements
7 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
8. Financial highlights
MEUR 2011 2010 2009 2008
Order intake 4 516 4 005 3 291 5 573
Order book at the end of the period 4 007 3 795 4 491 6 883
Net sales 4 209 4 553 5 260 4 612
Operating result1 469 487 638 525
% of net sales1 11.1 10.7 12.1 11.4
Earnings/share, EUR 1.44 1.96 1.97 1.94
1 ) 2009-2011 figures exclude non-recurring restructuring items and selling profits.
8 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
9. Net sales by market area
MEUR
6000
5000
4000
3000
2000
1000
0
2008 2009 2010 2011
Asia Europe Americas Other
9 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
10. Solid profitability
MEUR
800 16%
700
15%
600
14%
500
400 13%
300
12%
200
11%
100
0 10%
2008 2009 2010 2011
EBIT EBIT % EBITA %
*) Operating result before nonrecurring restructuring items
10 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
11. Power Plants
We provide superior value to our customers with our
flexible, efficient and environmentally advanced
energy solutions, which enable a transition to a more
sustainable and modern energy infrastructure.
11 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
12. Power Plants offering
• We are a major supplier of flexible
baseload power plants operating
on various liquid and gaseous fuels
• We provide unique, dynamic
solutions for grid stability, reserve,
peaking, load following and
intermittent power generation
• Our multi-fuel solutions for the oil &
gas industry are used for reliable
power generation, pumping and
compression
All applications are supported with tailored lifetime operation and
maintenance services.
12 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
13. Power Plants market trends and drivers
• GDP growth, electrification and increasing standard of
living drive the growth of electricity demand
• Demand for sustainability and focus on climate change
• Rapid growth of intermittent renewable generation
• Increasing daily, weekly and seasonal demand
fluctuation increase the need for flexibility
• Changing roles of fuels
– New coal power plants difficult to permit in the
western countries
– Increasing role of gas, especially as a balancing fuel
– The future of nuclear is uncertain
The world needs affordable, clean, flexible and reliable power.
13 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
14. Smart Power Generation – unique features
Energy efficiency Operational flexibility
• Highest simple cycle electrical Energy • Unlimited, super fast,
efficiency efficiency reliable starting and
• High efficiency regardless stopping with no impact
of ambient conditions on maintenance schedule
• High plant efficiency over • Fast reserve, load
a wide load range due to following, peaking and
multiple generating sets baseload
Competitive generation cost • All ancillary services
and high dispatch • Grid support, wind
Smart enabling
Fuel flexibility Power Multi-tasking plant
prepared for future
• Continuous choice of Generation markets
the most feasible fuel
• Solutions for
– liquid and gaseous
fuels
Fuel Operational
– renewables
flexibility flexibility
– multi-fuel plants
– fuel conversions
Hedge for the future
14 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
15. Smart Power Generation optimises energy systems
In emerging markets, economic Affordable
growth requires increasing
investments in energy.
In developed countries, the
transition to solar and wind power
brings daily variations that need to
be balanced. Smart
Efficient and flexible Smart Power Power
Generation enables power systems System
to deliver affordable, clean and
reliable energy.
Reliable Sustainable
15 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
16. Ship Power
We are passionate about optimising lifecycle value by offering what our
customers need. We deliver on this promise because we provide the only
true total offering of marine products, integrated solutions and services in
the industry – worldwide.
We help our customers find the shorter route to robust growth and bigger
profits by focusing on operational efficiency, environmental excellence,
fuel flexibility and services.
16 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
17. Ship Power key trends and drivers
• High oil prices represent a risk for global
economic growth; however, they also stimulate
investments in exploration and production for oil
and gas
• Expansion of emerging economies continues to
support growth of demand for transportation of
raw materials and energy
• Ship owner base is shifting to Asia
• Environmental regulations drive demand for
environmental solutions and gas as a marine fuel
• Increasing focus on energy efficiency and
environmental performance
The development of environmental solutions and gas technology will
be our priority in meeting the evolving needs of our customers.
17 15 June 2012 CORPORATE PRESENTATION 2012
18. Ship Power’s focus on growth
OUR STRATEGIC GOAL
To be recognised as the leading solutions provider in the marine industry for:
Efficiency Gas and dual-fuel Environmental
solutions solutions
LEADER IN
• Lifecycle solutions for ship owners and operators
OFFERING
THROUGH
• Enhanced system integration for the ship building industry
• The best product sales and delivery process for the marine industry
18 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
19. Increasing environmental regulation and
alternatives for decreasing emissions
NOx SOx PM GHG BALLAST-
WATER
Acid rains Acid rains Impact on air quality Global warming Damage to local
Ozone depletion eco-systems
Tier II (2011) 3.5% (2012) Along with SOx Under evaluation Global ballast
Tier III in ECA ECA 0.1% (2015) reduction by IMO convention
(2016) Global 0.5% (2020)
Wärtsilä is developing a multi-solution approach to meet requirements
for different ship types and operational profiles
LNG HFO MGO
• Simultaneous reduction of GHG / SOx / NOx / PM NOx: SCR or wet methods • NOx: SCR or primary
• Market: mainly ships with regular routes and limited SOx: scrubbers methods
autonomy requirements operating in ECAs Market: mostly merchant • Market: ships operating a
• Infrastructure development is needed for larger uptake ships operating a limited time in ECAs,
• Conversion solution available significant time in ECAs small ships
19 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
20. The only complete marine offering
Service Ship Design
agreements
Communication
and control
Flow & Gas
Solutions Propulsion
Environmental Automation
Solutions
Power drives
Engines Seals & Power
bearings distribution
20 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
21. Services
Preventing the unexpected and optimising our customers operations is our
shared passion. We serve you whenever, wherever.
We provide the broadest portfolio and best services in the industry for both
shipping and power generation. We offer expertise, proximity and
responsiveness for all customers regardless of their equipment make in
the most environmentally sound way.
21 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
22. Services’ strategic goal
We will:
• Maximise our market share with
our present customer base
• Constantly develop our offering
proposition with value-enhancing
solutions
• Grow by providing more service
agreements with new Ship Power
and Power Plants deliveries
• Become our industry’s market
leader in environmental solutions
To be recognised by customers as their services partner:
competitive, trusted and easy to deal with.
22 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
23. Services key market drivers
• Growth of gas as a fuel in
power generation and in
shipping
• Stricter environmental
regulations
• Increased focus on total cost
of ownership
• Accelerating technological
development
• High demand for expertise
23 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
24. Improving lifecycle efficiency
Performance optimization
Our customers are currently looking for
longer-term efficiency increasing
strategies to improve business efficiency
and reducing operational expenses.
Preventing the unexpected
Reliable performance and risk
management are identified as key needs
of our customers. Preventing the
unexpected is vital to ensure cost
efficiency and smooth operations.
Environmental efficiency
Environmental legislation and the need for
energy efficiency are main drivers for our
customers to optimize their environmental
performance.
24 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
25. Wide range of expertise
Electrical &
Engine services Propulsion services Boiler services
automation services
Environmental
Service agreements Service projects Training services
services
25 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
26. 70 countries, 160 locations, 5000 field service experts
Installed Wärtsilä Services global network
base
180,000 MW Widest range of offering and expertise
26 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
28. Strategy and strengths
STRATEGY
Leading technologies Operational Flexible and agile
& products excellence operations
STRENGTH
Technology Competitive Manufacturing and Flexible and agile
leadership product portfolio engineering expertise operations
• High quality and • Broad portfolio • Best manufacturing • Global presence
reliability • Products for practises with flexible
• High performance integrated solutions • Design for manufacturing
or as stand-alone manufacturing capacity
• Environmental
focus equipment • Cost efficiency • Global supplier
• Low total cost of base
• Cooperation with
leading research ownership • Focus on core
institutes competences
Valued people in a performance culture
Enabling and developing competent and skilled people
28 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
29. Industrial Operations’ key activities
Technology & product development
Fundamental Technology Product Product Market
research development development management
Research and Development; Product management and Engineering
A streamlined,
broad and competitive
Product delivery product portfolio
Component
Raw material Testing and
supply
supply and Sub-assembly Assembly Customer
machining finishing
Product Centres; Delivery Centres; JVs; Licensees
29 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
30. Wärtsilä’s competitive product portfolio
4-stroke 2-stroke Gensets & Propellers Steerable Transverse Energy
engines engines auxpacs FPP/CPP thrusters thrusters efficiency
systems
Frequency Propulsion Automation, I/O cabinets Switchboards Gears Fuel cells
converters controls monitoring
& control
Flue gas Catalysts Pump Ballast water LNG MG Inert gas
desulphurisation (SCR, Oxicat, systems – system regasification systems
& scrubbers etc.) Flow
solutions
30 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
31. We have a clear leadership in dual-fuel applications
POWER MERCHANT OFFSHORE CRUISE
PLANTS AND FERRY
DF Power plants LNG Carriers PSVs/FPSOs LNG ferries
51 installations • 108 vessels • 20 vessels • 4 engines
186 engines • 429 engines • 96 engines • Complete gas train
Online since 1997 • Online since 1994 • 2,800 passengers
Conversion Highlights: • In service in 2013
• 1 chem. tanker • Harvey Gulf; the
• 2 engines conv. first 4 LNG-OSVs
• Complete gas train to be operated in
• Complete design the Gulf of Mexico
4 segments ~180 installations > 5,000,000 running hours
31 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
32. Wärtsilä’s manufacturing footprint
Trondheim, Norway Aalborg, Denmark
Moss, Norway Frequency converters Sveanehoij & pumps
Oil & gas systems AS Vaasa, Finland
Rubbestadneset, Norway
Propulsion, gears, R&D 4-stroke engines,
Ecotech, R&D
Stord, Norway QMD (Qingdao, China)
Electrical & automation systems 2-stroke engines
Turku, Finland
Gothenburg, Sweden R&D, Ecotech
Water treatment Suzhou, China
Assembly & sourcing
Leeds, UK Espoo, Finland
Valves R&D, Ecotech WHEC (Mokpo,
South Korea)
Poole, UK WTEC (Penza, Russia) 4-stroke engines
Water systems 4-stroke engines
WCEC
Drunen, the Netherlands Geestacht, Germany (Nantong, China)
R&D, Propulsion Fresh water generation 4-stroke engines
Wärtsilä CME (Zhenjiang, China)
Santander, Spain Propulsion
Propulsion
Bermeo, Spain WQDC (Lingang, China)
R&D Khopoli, India Wuxi, China
Gensets, Propulsion 4-stroke engines
Auxiliary modules,
Winterthur, Switzerland Ecotech modules
2-stroke engines, R&D
Trieste, Italy Singapore, Engineroom pumps
4-stroke engines, Pumproom, pumps
Propulsion, R&D
Fully owned sites
Sites with R&D 18 licensee sites
Joint Venture sites
32 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
33. Profitable growth by focusing on three areas
Smart Power Gas as a fuel Environmental
Generation solutions
The transition to sustainable Economic and environmental Environmental regulation and
and modern energy systems reasons increase the growth increased focus on optimised
drives the demand for smart potential for gas solutions in lifecycle efficiency create
power generation. both end markets. demand in the marine
industry.
33 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012
34. Passion for optimising lifecycle value
with modern and sustainable power
solutions.
34 © Wärtsilä 15 June 2012 CORPORATE PRESENTATION 2012