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Paris Air Show - Analyst Lunch Meeting - Investor Relations19 June 2013 1
Paris Air Show -Analyst Lunch Meeting
Le Bourget – June 19, 2013
Paris Air Show - Analyst Lunch Meeting - Investor Relations19 June 2013 2
Contents
1. Market Overview / Revenue target 2020
2. Commercial OEM Business
3. Military Business
4. Commercial MRO
Paris Air Show - Analyst Lunch Meeting - Investor Relations19 June 2013 3
MTU on track for 2020
Milestones
€ 6bn Revenue Target2020
GTF MRO2016
A320neo First Delivery2015
IAE Upshare (16%)2012
Extension MTU Maintenance Zhuhai2012
GE90 MRO success2011
GEnx First Delivery2011
GTF Milestone (18%)2011
New W/B (e.g. GE9x (B777x))201x
Embraer selects GTF for 2nd gen2013
Paris Air Show - Analyst Lunch Meeting - Investor Relations19 June 2013 4
Source: MTU/ASM March 2012, AscendRemark: considered are jet-powered commercial transport a/c (airliners, freighters & RJs)
bn. Revenue Passenger Kilometres # aircraft
Airbus expects more than 27.000 new passenger aircraft from 2012 until 2031
+4.6% p.a.
Aerospace market volume is increasing constantly
The market cycle
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Strategic Revenue Target of € 6 bn until 2020
0
1.000
2.000
3.000
4.000
5.000
6.000
2012 2013 2014 2015 2016 2017 2018 2019 2020
Existingbusiness
New business
(contracted)
Identified new opp.
Revenue Growth drivers
V2500
GP7000
CF6-50/80
PW2000
LM-Series
CFM56 and CF34MRO
EJ200 and diversemilitary programs
thereof GTF
Next WB, H/C,Embraer 2nd genUpshare V2500,GEnx, GE90 MROGTF (A320neoMS-21, CSeries,MRJ)
€ 6bn Target
Paris Air Show - Analyst Lunch Meeting - Investor Relations19 June 2013 66
MTU Narrowbody Strategy
V2500OEM: 16%
MRO: ~30%
Fleet in 2020
~6,500 engines
GTF Prog.(PW1500G, PW1200G,PW1100G, PW1400G)
OEM: 15-18%
MRO: tbd
Fleet in 2020
~4.000
CFM56MRO: ~8-10%
Fleet in 2020
~20,000
PW1700/1900(E-Jet 2nd Gen)
OEM: tbd
MRO: tbd
Today 2020 2025
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MTU Widebody Strategy
CF6-80OEM: ~6%
MRO: ~10%
GP7000OEM: 22%
MRO: >10%
GE90MRO: ~10%
GE9x(B777x)
OEM: tbd
MRO: tbd
GEnxOEM: 7%
MRO: tbd
Fleet in 2020
~2,500 engines
Fleet in 2020
~2,000 engines
Fleet in 2020
~1,000 engines
Fleet in 2020
~2,000 engines
Today 2020 2025
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• GTF engine family:
~ 3,500 GTF engines on firm order or optioned (incl. unannounced orders)
Market share PW1100G (A320neo) ~50%
Program share on E-Jets in final negotiation
• Blisk manufacturing center at MTU Munich has been opened andis producing first parts
• V2500:
Strong aftermarket growth potential
IAE upshare implemented and well on track
• GEnx:
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
Commercial OEM SegmentMTU is well positioned in key growth platforms
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Rostekhnologii
PW1100G/ A320neo PW1200G/ MRJ PW1400G/ MS-21 PW1500G/ CSeriesPW1700G, PW1900G/E-Jet 2nd Generation
GTF Success Story:~ 3,500 engines on order (incl. options and unannounced orders)~ 50% market share on A320neo / providing power for 5 platforms
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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. 2015Jul. 2014 Dec. 2014Jul. 2017
Okt. 2015
Jul. 2017Okt. 2015 Sep. 2016 Jun. 2014Starting
Jun. 2017
Engine/Aircraft
GTF Development Tasks on TrackPW1100G completed successfully first flight test on B747 in May 2013
*
*) already tested in flying testbed
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Military OEM SegmentStable revenues expected
TP400 (A400M):
• 1st A400M series aircraft to be delivered to France in
Q2/2013
• Ramp up of series production
EJ200 (Eurofighter Typhoon):
• EJ200 Tranche 3a secures production until 2017
• Various export campaigns running
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• Contract volume > US$ 7 bn
• Participating in growth platforms: GE90 Growth, V2500-A5,CFM56-5B/-7, CF34-8/-10E, GP7000 and PW1000G
• Aviation Week’s MRO Global Award for successful ramp up ofGE90 Growth shop visits
• MTU Zhuhai’s capacity increase by 50% to 300 shop visits p.a.successfully completed and ramp-up ongoing
• New Logistic Center at MTU Maintenance Hannover opened inMarch to improve processes and costs
Commercial MRO BusinessCommercial engine MRO market expected to double to US$ 37 bn in 2022
MTU market coverage grows over-proportionally