LM WIND POWER The India story... AGENDA 1. Milestones in the - - PowerPoint PPT Presentation

LM WIND POWER

The India story...

AGENDA

• 1. Milestones in the Indian journey
• 2. Our CSR Initiatives
• 3. Wind- Tailwinds and Headwinds

2007 2017 2016 2013 2014 2015 2012 2011 2010 2008 2009

67m Blades 13.4 m Blades

1993 2018

• Located on NH4, KIADB

Industrial Area.

• Started as a 3 Mold

facility for VESTAS. Certifications:

• ISO 50001
• ISO 22001
• OSHAS 18001

Dabaspet 8 Mold facility & expanding

• Located in Halol -

GIDC Industrial Area

• Started as a 2 Mold

facility for GAMESA Certifications:

• ISO 9001
• ISO 14001
• OHSAS 18001

25 years of excellence in wind rotor blade production in India

Vadodara 5 Mold facility & expanding

1603 1274

LM Technology Centre India

Spearheading innovation in Blade technology

• Located in

Bangalore city

• Started in 2007

179

• Mini LM and Talent Hub
• ISO 9001
• ISO 14001
• ISO 50001

93 m

10+ GW equivalent blades produced. 23 K blades produced and dispatched.

Our CSR initiatives

Tailwinds

• Strong economic growth;

increasing per capita electricity consumption and Government commitment to provide quality and affordable 24x7 power to all

• Clear commitment to COP21

targets resulting in ambitious RE capacity addition plan, 60 GW cumulative Wind capacity by 2022

• Over 9 GW wind auctions

concluded until last quarter; 16 GW worth auctions needed to reach 60 GW target

• Strong, experienced wind

manufacturing base available. Potential for growth as global macro and geopolitical situations support India manufacturing; however manufacturing competitiveness needs to be further improved Headwinds

• Transition from FIT to

competitive auction

• Recent wind auction have seen

reduced capacity on offer and intermittent timing of bids

• Delay in Transmission capacity

enhancement and land acquisition issues pose risk for timely project executions Ask / Suggestions

• Transmission capacity based

auctions gives clear path for project execution and upstream manufacturing across value chain

• No ceiling price restrictions in

a fair & transparent auction mechanism

• Auction rhythm and volume to

be ensured to meet target of 60 GW wind installation by 2022

Chasing growth, even in uncertain times

Together, we capture the wind to power a cleaner world

A clean business

To be the world’s largest manufacturer of blades. We strive to be the preferred supplier to the wind industry, respected for our superior design, technology and service, making our customers more successful and wind energy more compelling.

A clean planet

We are a dynamic organization, constantly pushing the barriers of blade technology. Our long term commitment to a sustainable future and a clean planet underpins everything we do.

1940

Lunderskov Møbelfabrik (LM) was established by Aage Skouboe & Ejnar Lorentzen, producing a line of wooden furniture

1953

Start to work with fiber glass – LM Camping and LM Glasfiber are established as separate units and unites high quality carpentry with Glass fiber exterior

1948

Camping trailer production - high quality carpentry

1967

Motor sailers – again, glass fiber exterior and wooden

• interior. For a long time

boats was synonymous with LM Glasfiber

The early years

1978

Rotor blade production began…

From Glass fiber to wind power

2006

Global management; Global R&D

1989

Largest independent Manufacturer of rotor blades

2001

Doughty Hanson acquires LM Glasfiber

2009

LM Glasfiber + Svendborg Brakes combine

2010

LM Glasfiber becomes LM Wind Power

2013

Doughty Hanson sells Svendborg Brakes

1993

India

1994

Spain

1999

USA

2007

Additional plants , Spain, India and China Global business

• ffice in

The Netherlands

2008

Additional plant, USA Poland

2010

Additional plant, China

2006

Canada

2013

Brazil

2001

China

2004

61.5 m blade introduced (world’s longest blade at the time)

1996

1st generation Lightning-Protection Vortex generators

2003

FutureBlade technology

2002

Pre-bending

1999

VARTM vacuum infusion technology

2012

73.5 m blade introduced (world’s longest blade at the time)

2017

GE acquires LM Wind Power

2016

88.4 m blade introduced (world’s longest blade at the time)

2016

Additional plant, India Turkey

2017

Additional plant, China France, first dedicated

• ffshore plant

Extensive experience from top positions within leading corporations

OWNERSHIP

In October 2016, GE announced intentions to acquire LM Wind Power for an enterprise value of EUR 1.5 billion. The deal closed on April 20th, 2017, and LM Wind Power is now an independent subsidiary of GE Renewable Energy. GE Renewable Energy takes the earth’s most abundant resources - the strength

• f the wind, the force of water, and the

heat of the sun - and puts them to work with breakthrough technology that unleashes their true possibilities.

GROUP MANAGEMENT

LM Wind Power leadership

Allan Riber VP, Industrialization Christopher Springham VP, Communications & Sustainability Miguel Balbuena VP, Quality & HSE Dorte Kamper VP, Sales & Marketing Hanif Mashal VP, Engineering Alexis Crama, VP, Offshore Lars Fuglsang, VP, LM4GE & Growth Monica Ghielmetti Leader, Human Resources Rodrigo Torres CFO Bjarne Sandager Nielsen VP, Operations & Sourcing Duncan Berry CEO

Customers determine our success Stay lean to go fast Learn and adapt to win Empower and inspire each other Deliver results in an uncertain world

Our Shared Beliefs

Big, Bigger, Biggest

Calculations are based on European data

The forces of change

A broad customer portfolio

In 2016 we supplied rotor solutions to most of the leading wind turbine manufacturers worldwide

Strategic partnerships

Our business is based on long-term customer relationships, integrated product development and business development cooperation

Thank you for your time

Contact details: Headquarters:

Torben Mølby LM Wind Power Deputy Head of Global Operations Jupitervej 6 Interim Head of India Operations 6000 Kolding Denmark Tel +45 79 84 07 90 Tel +45 79 84 00 00 Mob +45 51 38 87 90 Fax +45 79 84 00 01 E tmoe@lmwindpower.com E info@lmwindpower.com W lmwindpower.com Note: The contents of this presentation are confidential and may not be copied, distributed, published or reproduced in whole or in part, or disclosed or distributed by recipients to any other person.