MTU Press Briefing Paris Air Show Egon Behle, CEO Paris, June 19, - - PowerPoint PPT Presentation

MTU Press Briefing – Paris Air Show

Egon Behle, CEO Paris, June 19, 2013

2

MTU on track for 2020

Milestones

€ 6bn Revenue Target

2020

GTF MRO

2016

A320neo First Delivery

2015

IAE Upshare (16%)

2012

Extension MTU Maintenance Zhuhai

2012

GE90 MRO success

2011

GEnx First Delivery

2011

GTF Milestone (18%)

2011

New W/B (e.g. GE9x (B777x))

201x

Embraer selects GTF for 2nd gen

2013

3

Strategic Revenue Target of € 6 bn until 2020

1.000 2.000 3.000 4.000 5.000 6.000

2012 2013 2014 2015 2016 2017 2018 2019 2020

Existing business New business (contracted) Identified new opp.

Revenue

Growth drivers

V2500 GP7000 CF6-50/80 PW2000 LM-Series CFM56 and CF34 MRO EJ200 and diverse military programs thereof GTF Next WB, H/C, Upshare V2500, GEnx, GE90 MRO GTF (A320neo MS-21, CSeries, MRJ, Embraer)

€ 6bn Target

4 4

Outline of Future Air Traffic

Expected growth in passenger traffic

+4.6% p.a.

• 1. MTU/ASM June 2012, excl. com. helicopters, com. UAVs

Revenue Passenger Kilometres # Aircraft

5

MTU’s strong business portfolio

Strengths Commercial Business

• Well-balanced product portfolio
• High proportion of programs with promising

potential Commercial MRO

• World’s largest independent engine MRO provider
• Exposure to high-growth segments (V2500,

CFM56, PW1000G, GE90, CF34) Military Business

• Participates in key European programs with

systems design responsibility

• Participation in the U.S. military market

Commercial MRO 38.3 % Revenues 2012 Military Business 14.8 % Commercial OEM Business 46.9 % Total Revenues = € 3,378.6m

6

Commercial OEM Segment – Outlook 2013

• GTF engine family:

− ~ 3,500 GTF engines on firm order or optioned − Market share PW1100G (A320neo) ~50% − Program share in the new GTF engines for Embraer

• Blisk manufacturing center at MTU Munich has been opened and

is producing first parts (90 % GTF components)

• V2500:

− Strong aftermarket growth potential − IAE upshare implemented and well on track

• GEnx:

− Expansion of GEnx production − B787 fleet in the air again − No impact on production schedule − 1,400 GEnx engines on order or optioned

• Discussions with GE regarding GE9x participation ongoing

7

PW1100G/ A320neo PW1200G/ MRJ PW1400G/ MS-21 PW1500G/ CSeries

PW1700G, PW1900G/ E-Jet 2nd Gen.

First Engine to Test Engine Certification EIS / Aircraft Certification

• Apr. 2014

*

• Sep. 2016
• Jan. 2015
• Aug. 2015
• Jul. 2014
• Dec. 2014
• Jul. 2017
• Oct. 2015
• Jul. 2017
• Oct. 2015
• Sep. 2016
• Jun. 2014

Starting

• Jun. 2017

Engine/ Aircraft

 

GTF Development Tasks on Track

PW1100G completed successfully first flight test on B747 in May 2013

*

*) already tested in flying testbed

8 8

Military Segment – Outlook 2013

• Export campaigns: international positioning of MTU‘s products

expected to improve further (e.g. EJ200)

• TP400 (A400M)

− 1st A400M series aircraft to be delivered to France in Q2/2013 − Ramp up of series production

• GE38

− Completion of certification testing − First flight of CH53-K

9

Commercial MRO Business – Outlook 2013

• Commercial engine MRO market expected to double to US$ 37 bn

in 2022 -> MTU market coverage grows over-proportionally

• Contract volume > US$ 7 bn.
• Participating in growth platforms: GE90 Growth, V2500-A5,

CFM56-5B/-7, CF34-8/-10E, GP7000 and PW1000G

• Ramp up of GE90 Growth and GP7000 shop visits
• Expansion of activities of on-site services and accessories

10

MTU Outlook

Main business drivers

• Revenue expected to double by 2020 to € 6bn
• Well underpinned by a strong order book and a passenger traffic growth trend
• Leading technology in OEM business - in design & manufacturing
• Focus on Green Aviation – GTF as main contributor
• Reliable partner for European & US military programs

Strong market position

• Narrowbodies: V2500 strong market base, GTF-engines EIS 2014
• Widebodies: GEnx, GP7000 ramp up
• World’s largest independent MRO provider

Thank you for your attention!