market & commercial overview – january 2015 · source; ascend / airbus data . identified...
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Market & Commercial
Overview – January 2015
Director - Investor Marketing Keith Stonestreet
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Aviation drives our economy
58.1m Jobs supported
51.7m Tonnes of freight
3.3bn Passengers
$2.2tr Global GDP
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
January 2015 Airbus Market & Product Briefing - CSMGI
Future demand will be strongly driven by future growth
Demand over 20 years
~9,300 units
Growth
63%
Replacement
37%
Wide-body demand
Demand over 20 years
~22,100 units
Growth
57%
Replacement
43%
Single-Aisle demand
Source: Airbus GMF2014
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
January 2015 Airbus Market & Product Briefing - CSMGI
Airbus commercial update
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
January 2015 Airbus Market & Product Briefing - CSMGI
Airbus has sold over 15,000 aircraft & delivered over 8,800
As at end December, 2014
A300/A310 & A340 no longer in production
Aircraft not to scale
A380
A340
A350 XWB
A330
A320 Family
A300/A310
Orders, deliveries & backlog - 15,271 orders
8,885 deliveries
6,386 backlog
13 models
372 customers
400 operators
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
1,456 net orders (1,503 in 2013)
6,386 aircraft backlog (5,559 end 2013)
629 aircraft delivered (626 in 2013)
2014 Airbus headlines
A landmark year - Airbus sales total grows to 15,271
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
2014 net market share
Data to end 2014
Boeing 1,432 49.5%
Airbus 1,456 50.5%
Units
Boeing $232.9
57%
Airbus $174.6
43%
Revenues
2,888 industry orders
$407.5bn industry
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
2014 market share by category – gross. 1,796 Airbus orders
Data to end 2014
1,196 44% 1,545
56%
Single aisle 2,741 orders
A320 737
352 60%
231 40%
Widebody 583 orders
2 9%
20 91%
VLA 22 orders
A330 A350
767 777 777X 787
A380 747-8
A350 57 47% 787 65 53%
NEO 1,041 54% MAX 890 46%
A380 pax 20 100% 747-8 pax 0
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
2014 market share by category – net. 1,456 Airbus orders
Data to end 2014
1,104 46%
1,321 54%
Single aisle 2,425 orders
A320 737
328 73%
122 27%
Widebody 450 orders
0 13
100%
VLA 13 orders
A330 A350
767 777 777X 787
A380 747-8
A350 -32 787 41 100%
NEO 1,011 53% MAX 890 47%
A380 pax 13 100% 747-8 pax 0
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Airbus order backlog
To end December 2014
1,508
3,621
313
779
165
6,386 Total order backlog
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
January 2015 Airbus Market & Product Briefing - CSMGI
Airbus product review
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Airbus: The most complete, far-sighted product line
250 seats
300 seats
350 seats
400 seats
500 seats
150 seats
200 seats
100 seats
A380
A330 Family
A350 Family
A320 Family
787
747
777
737
Seat capacity
January 2015 Airbus Market & Product Briefing - CSMGI
Majority configurations
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
January 2015 Airbus Market & Product Briefing - CSMGI
1,545 A320 Family orders (gross) in 2014. (504 A320ceo, 1,041 A320neo)
Data to end 2014
6,385 5,129
Orders Deliveries Backlog
11,514 A320 - 2.5 million passengers a day
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Well-defined A320 Family product strategy
2012
Efficiency
2015
15% fuel burn saving at EIS 20% by 2020
Up to 4% fuel burn saving
A320 strategy - Building on success
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
NEO leads MAX in orders and customers
Data to end December 2014
Source- Airbus Orders & Deliveries, Boeing.com
A320neo 3,621 orders
737 MAX 2,663 orders
70 Customers
55 Customers
A320 Family - 58% prefer A320neo
Airbus Market & Product Briefing - CSMGI January 2015
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Programme is on track
Q4 2010
Q2 2012
Q2 2013
Q2 2014
Q4 2014
Q4 2015
Integration & Qualification Concept
Industrial Launch
End of concept
End of Design
FAL Start
First Flight
Entry Into Service
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
The NEO is constantly improving
2015 - 15% lower fuel burn than CEO
2020 - 20% lower fuel burn per seat
2015 ~ 3% lower fuel/seat due to Increased Cabin Efficiency
2019 - 2% lower fuel burn due to PW Advantage
Continuous Innovation - Seat-count increase and engine improvements
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Enablers for Increased Cabin Efficiency
Space-Flex New rear galley
configuration
Smart-Lav New lavatory
design
Revenue enhancement - Benefits both 2-Class and High Density configurations
Slim-line seats
A321neo ACF new door
configuration
Increased exit limit
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
More seats with equivalent comfort level thanks to innovation
* Embodying I.C.E
** Airbus Cabin Flex
High Density*
160
189
145 156
180
+10% +3%
+ 5%
ACF**
240 220 + 9%
High Density - 160 on A319 189 on A320 240 on A321neo
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
January 2015 Airbus Market & Product Briefing - CSMGI
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A321, 757 & 737-900/-900ER operator base evolution
757739A321
A321 has a significantly larger operator base than its competitors
Source; ASCEND / Airbus data
Identified commercial passenger operators with aircraft in-service. Includes A321ceo, 757-200/-300, 737-900/-900ER
Data as at end each year; end Oct. for 2014
A321 market leader - Operators
2 x 757
5 x 737-900/-900ER
Growing A321
operator base now
matches peak of 757
operators
Operators
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
0
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10000
15000
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500 1500 2500 3500 4500 5500
A321will be able to fly further than a 757-200W
Typical airlines rules A321 2-cl 206 pax with PW Advantage 757-200W 2-cl 198 pax, used with 3% fuel mark-up
Aircraft MTOW ACTs Pax Range 757-200W 115.6t - 198 3850nm A321neo 97t 3 206 4000nm
A321 97t MTOW - More range than a 757-200W
Distance (nm)
Payload (kg)
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Image copyright: American Airlines
A321 is already operated with long-haul comfort by airlines
Fully lie-flat First Class 18”-wide Main Cabin seats
• AVOD IFE in every seat (15.4” and 8.9” HD screens) • Wi-Fi connectivity • In-seat power (110V and USB) in all classes
The widest single-aisle cabin - Higher comfort for transconti-nental routes
*A321T designates the Transcontinental AAL A321
Business Class comfort
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Airbus widebody family matches market needs
*2 class long range layouts
A330 Family
A380 Family
A350 XWB
From 250 to 300 seats*
From 280 to 370 seats*
Above 500 seats Long Haul trunk routes
Long Haul primary and developing routes
Regional and Medium Long Haul routes
Airbus widebodies - Different markets with different needs and different economic drivers
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Airbus Market & Product Briefing - CSMGI
A dynamic wide-body market
Net orders from January 2008
to December 2014
Since 2008 - Airbus has sold more widebody aircraft than the competition
128
488
597
16
286
497
254
103
0
100
200
300
400
500
600
700
A380 A350XWB
A330 747-8 777X 777 787 767
Axis Title Net passenger and freighter wide-body orders since 2008
1213 net orders 1156 net orders
January 2015
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
1,154 313
Orders Deliveries Backlog
1,467
January 2015 Airbus Market & Product Briefing - CSMGI
174 A330ceo/neo orders (gross) in 2014. (54 A330ceo, 120 A330neo)
A330 - 106 Operators worldwide
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
0
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2004 2006 2008 2010 2012 2014
Year
767777787
A330…the world’s favourite widebody
Market success - Only widebody ever to exceed 100 operators Continued market potential
A330
A330 and contemporaries - number of passenger operators
January 2015 Airbus Market & Product Briefing - CSMGI
787 customers, not operators
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
A330: continuous evolution and improvement
2015
2015
Entry into service A330
242t MTOW EIS
A330-300
A330-200
1994 212t
1998 230t
EIS 2003
2004
2009-2011
2009-2011
235t A330-300
238t A330-200
Engine upgrades
Systems upgrades
Enhanced Package
Flight deck upgrade New cabin Systems upgrade
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Well-defined Airbus A330 Family product strategy
2015
Efficiency
2017
• 12% fuel burn saving per trip
• More seats • More range • 14% fuel burn
savings per seat • EIS Q4 2017
• 242t: more productivity & fuel efficiency
• EIS 2Q 2015
A330 development - Matching market needs Ensuring program continuity
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
A330neo - Powering into the future
Aerodynamic improvements • New A350 XWB style sharklets • Span extension • Aerodynamic re-optimisation
Cabin developments • Cabin efficiency enablers (target: up to +10 seats) • Cabin modernisation
Commonality • 95% spares commonality with A330 • Same type rating with A330 • Common type rating with A350 XWB
New Generation Engine • Increased fan size (112”) • 10% lower SFC • Latest Trent Generation • Low risk and maturity from in-service experience
A330neo - A330 reliability 14% lower fuel burn per seat EIS Q4 2017
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
A330neo Programme timeline
2014 2015 2016 2017
A330neo launch
EIS 242t
A330neo Design freeze
A330-900neo EIS
Integration / FAL / flight tests
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
0
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1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 9 000 10 000 11 000Distance (nm)
20% More range
at maximum passengers
15% More structural payload
50% More payload at 6,000nm
A330neo & A350 XWB serve different market requirements
2-class layouts (36 J-Class) : A330-900neo at 310 seats A350-900 at 342 seats
Payl
oad
(tonn
es)
A330neo & A350 XWB - Addressing different payload/range requirements
Maximum passengers
A330-900neo & A350-900 comparative Payload-Range
January 2015 Airbus Market & Product Briefing - CSMGI
10% More passengers
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
January 2015 Airbus Market & Product Briefing - CSMGI
A330-900neo & A350-900: The winning combination for Delta Air Lines
14% lower fuel/seat than A330ceo - Delta’s most profitable aircraft A330 is #1 on Trans-Atlantic today
Successful on-time certification 10% larger than 787-9 - More revenue on growing Pacific routes
The only solution – optimized for trans-Atlantic and trans-Pacific Markets
The only solution – maintaining 18” economy class seats
The only solution – offering capacity flexibility
A350-900 A330-900neo
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
780
firm orders
40
customers
779
backlog
57 new A350 XWB orders in 2014
A350 XWB - Certified and in-service
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Advanced materials and 4-panel structural concept • Lower weight , lower
fuel burn • Lower CO2 emissions
Advanced high speed aerodynamics • Reduced fuel
burn & CO2 emissions
Latest generation engine technology • Lowest SFC & CO2
emissions • Reduced NOx, HC,
CO & smoke emissions
Avionics functions for eco-efficient operations • Reduced noise &
emissions
January 2015 Airbus Market & Product Briefing - CSMGI
A350 XWB – eco-efficient by design
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
January 2015 Airbus Market & Product Briefing - CSMGI
A350 XWB – a step reduction in operating costs
A350-900 vs. 787-9 vs. 777-200ER shown COC per seat
Block Fuel per seat
A350 XWB
777
• CFRP & titanium airframe • New generation engines
• Reduced maintenance • Better integration
•More fuel efficient •Less maintenance
•More capacity 787
-25%
-25% A350 XWB - A generation beyond 777 A step ahead of the 787
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
A350 XWB – Greater revenue potential
January 2015 Airbus Market & Product Briefing - CSMGI
A350-900 vs. 787-9 - Over 10% additional revenue potential
A350-900 vs. 787-9:
35 extra seats
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
January 2015 Airbus Market & Product Briefing - CSMGI
A350-900 is the preferred 300-seater
Sources: Boeing , Airbus
300-seater firm sales end December 2014
787-9 473 aircraft
39%
A350-900 595 aircraft
49%
787-10 139 aircraft
12%
The aircraft of choice - 49% market share
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
A350-1000 derived from -900
MLG: Main Landing Gear
Commonality - Maximized between -900 & -1000
Higher thrust engine Trent XWB 97,000 lb thrust
Revised wing trailing edge
+ 5 frames
+ 6 frames
Main Landing Gear 6 wheel bogie
1 frame longer MLG bay
Lower approach speed
Reduced pavement loading constraints
Optimised thrust
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
A350-1000 is lighter than the 777-300ER & 777-9
777-300ER 175t OWE
-20t
+15t
A350-1000 155t OWE
Clean sheet design
777-9X
777-300ER 777-9 5th derivative • 4-frame stretch • Frame sculpting • Bigger wing featuring
folding wingtips • Engine upsize
A350-1000 - 777-300ER: 20t heavier – same capacity 777-9: 35t heavier – only 35 more seats
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
A380 operates on 94 routes, serving 44 destinations
At end 2014
152 165
Orders Deliveries Backlog
317 A380 operations - 75 million passengers have enjoyed the A380 experience. An A380 takeoff or landing every 4 minutes
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
January 2015
The A380 in service
At end of December 2014
Aircraft in service 152
Aircraft in service 30
Aircraft in service 39
Aircraft in service 25
8
12
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6
2
6
12
19
10
5
10
52 1
Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
A380 Network
A380 Main base
Current A380 routes Future A380 routes
London Paris
Frankfurt
Dubai
Melbourne
Sydney
Bangkok
Singapore Kuala Lumpur
Seoul
Guangzhou Miami Houston
Washington New York
Toronto
Manchester
Zurich
Moscow
Abidjan
Barcelona
Mauritius
Johannesburg
Roma
Munich
Amsterdam
Auckland
Brisbane
Los Angeles San Francisco
Tokyo Osaka
Beijing
Shanghai New Delhi
Mumbai
Dallas
Hong Kong
Expanding A380 network - 94 routes 44 destinations
OAG data at January 2015
Doha Kuwait
Jeddah
Atlanta
Abu Dhabi
Milan
Perth
January 2015 Airbus Market & Product Briefing - CSMGI
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
January 2015 Airbus Market & Product Briefing - CSMGI
Dominating the current & future VLA market
Source ASCEND 01/15
In-service 400+ seat fleet 375 aircraft A developing market -
The A380 has doubled the long-haul VLA fleet in 7 years… …and introduced a new standard of comfort
A330-300 5%
777-200 4% 777-200ER
1% 777-300
4%
777-300ER 21%
747-200 1%
747-300 2%
747-400 21%
A380-800 41%
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
January 2015 Airbus Market & Product Briefing - CSMGI
The impact of growth
The A380 market opportunity - In-service A380 configurations are suitable for today’s growth networks
Airbus GMF RPK growth rate forecast 2013 – 2023 5.2% p.a.
E.g. 2013 demand – 250 pax =
80% L/F for 310 seat 3-class 777-300ER
2023 demand – 415 pax =
85% L/F for typical 490 seat A380 in current configuration
Photo: LAWA
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Undisputed industry Flagship The winning combination
Strong market recognition of complementary roles
Single aisle leader
January 2015 Airbus Market & Product Briefing - CSMGI