MTU Press Conference – „ Engines of the future – MTU’s contribution to meeting tomorrow’s market requirements “ Reiner Winkler, CEO Michael Schreyögg, Chief Program Officer Berlin, May 21, 2014
Commercial aviation is a global Multi Billion US-$ Industry Airlines Aircraft Deliveries Engine Deliveries Engine MRO • approx. 3 bn pax • 1,350 aircraft • 2,800 engines • 7,200 engines • 650 bn US$ revenue • approx.100 bn US$ • approx. 15 bn. US$ • approx. 21 bn. US$ • 12.9 bn US$ profit revenue revenue revenue Until 2035: Today: ~ 21,000 active aircraft ~ 40,000 active aircraft Quelle: IATA, Flightglobal Insight 6. Mai 2014 2
Robust growth in air traffic leads to growing demand of aircraft No. History Billion passenger kilometers Forecast Aircraft (4,6% p.a. Growth) 16000 4000 Pax traffic forecast 2013-2032 Passagierluftverkehrsprognose 2014-2033 (MTU) Pax traffic 1980-2012 Passagierluftverkehr 1980-2013 Aircraft firm orders Auslieferungen Aircraft deliveries Auftragseingänge 12000 3000 8000 2000 4000 1000 0 0 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 Source: MTU, Ascend Note: includes airliners, freighter & regional jets 6. Mai 2014 3
MTU is Built on Three Pillars Commercial Business Military Business Commercial MRO • Partner of all major OEMs • Capability to develop and • One of the world's largest manufac-ture entire engines engine MRO provider • Focus on Low-Pressure Turbines and High-Pressure • R&D is typically customer • Exposure to highest growth Compressors financed engines (V2500, CFM56, CF34, GE90) • Approx. 30% of active aircraft • MTU has high shares in key with MTU participation European military programs • Strong presence in Asia Sales * € 1,891m (50%) € 500 m (13%) € 1,382 m (37%) OEM MRO Business EBIT margin* 11.0 % 8.2 % MTU Group* Sales: € 3,742 m / EBIT margin: 10.1% * FY2013 – figures 6. Mai 2014 4
MTU Milestones Timeline 2018 Strong Position in all Segments 201x New Widebody Engine 2015 A320neo & C-Series First Delivery 2014 A320neo First Flight 2013 Embraer selects GTF for 2nd gen 2012 IAE Upshare (16%) 2011 GE90 MRO Success 2011 GTF Milestone (18%) 6. Mai 2014 5
Airline requirements and challenges for the engine Primary requirements of the market Profitability Rules and Regulations Aircraft Performance Passenger Comfort 6. Mai 2014 6
Total Cost Breakdown of Airlines Share of operational cost (illustrative) Quelle: IATA 6. Mai 2014 7
Challenges OEM segment • Availability of key technologies and processes New engine concepts Optimized aerodynamics New high temperature materials New manufacturing concepts Virtual manufacturing • Number of development programs in parallel 6. Mai 2014 8
Important ramp-up projects New blisk production Improved manufacturing Expansion Poland site Assembly neo engine New logistic center Supplier development 6. Mai 2014 9
CLAIRE – MTU‘s Clean AIR Engine technology program Targest CLAIRE technology program 2000 2015 2030 2050 0% -20% -40% -60% -80% Geared Ultra High Bypass Integrated Ultra CO2 Noise Turbofan Ratio Engine Efficient Engine -100% Basis CLAIRE 1 CLAIRE 2 CLAIRE 3 6. Mai 2014 10
Commerical OEM business – Overview 2014 • Development of all programs on track • First flight A320neo • Ramp up new programs 6. Mai 2014 11
Military Segment – Overview 2014 • Further deliveries of A400M to the customers • Focus on services for German customer • Key technologies for future engines 6. Mai 2014 12 12
Commercial MRO Business – Overview 2014 • New contracts amounting 1.4 bn USD and 30 new customers solely for MRO business (2013) • Contract volume > 5.5 bn USD (March 31, 2014) • Market share: 8% • “OEMRO” – aftermarket opportunities for new programs • Independent MRO provider with tailor-made alternative solutions • Expansion of the engine lease business through Sumitomo 6. Mai 2014 13
Summary Attractive market environment • Passenger growth 4.6 percent per year • Record level: backlog of 11,200 aircraft • Growing airline profits • Beneficial financing opportunities Strong market position in all segments • S trong deliveries of V2500, GEnx and GP7000 • From 2014 onwards steep ramp up of GTF family • GTF will significantly increase MTUs future market share • Aftermarket growth via V2500; until 2020 increasing share through GEnx and GP7000 MTU Outlook 2014 • Revenue growth to 3.75 bn. Euro • Adjusted EBIT on previous year‘s level ~ 370 million Euro 6. Mai 2014 14
Thank you for your attention!
Recommend
More recommend
