rotary wing and global market · 2014 exchange rate: ... agustawestland 2014 key data revenues by...

ROTARY WING AND GLOBAL MARKET Andrea Nativi AgustaWestland Strategy & Business Development

Novembre 19th, 2015

AgustaWestland Proprietary Information

2

WORLDWIDE TURBINE HELICOPTER FLEET – 2015 (UNITS)

Source : Ascend Jan 2015 - Live Fleet Master AgustaWestland Proprietary Information

Boeing AgustaWestland Airbus Helicopters Bell Helicopter Russian Hel. Sikorsky Others

26%

25%

12%

8%

9%

16%

5%

Military Fleet

23,765

Total Fleet

48,400 Commercial Fleet

24,635

35%

32%

11%

8% 5%

9% 16%

18%

21%

9%

19%

8% 9%

AW 2,235

AW 4,245

AW 2,010

3

NEW TURBINE HELICOPTER DEMAND WORLDWIDE FORECAST PRODUCTION

Value in US $m - 2015/2024 Units - 2015/2024

US $238,365m about 19,920 a/c

Source: Forecast Int. - Jan 2015 (values in 2015 economic conditions)


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

30,000

25,000

20,000

15,000

10,000

5,000

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

2,500

2,000

1,500

1,000

500

Military Civil

Note: Upgrades & Pistons excluded

4

$ bn � Financial instability and oil plunge affecting order flow, both in quantity and value. Trend confirmed in early 2015

� 2014 deliveries, both in unit and value, compared with 2013 shown a reduction of around 20% in terms of quantities and 9% in terms of value.

� Backlog being reduced across the industry as book to bill ratio mostly remains below 1. 796

10441133

1065 964

5,4

7,38,4

6,96,3

0123456789

0

300

600

900

1200

1500

2010 2011 2012 2013 2014

Unit

Unit Value

New Orders *

New Deliveries ** $ bn

Source: Flight Global / AW Strategy Note: (*) Gross Orders’ numbers includes possible cancelled aircraft orders (**) Orders and deliveries subject to change due to lack of public information.

Civil Orders & Deliveries Trend 2010 -2014

730 837 8731010

793

4,95,5

4,9

6,15,6

0

1

2

3

4

5

6

7

0

300

600

900

1200

1500

2010 2011 2012 2013 2014

Unit

Unit Value

2014 Deliveries by segment

2014 exchange rate: €1=$1,3293


5

• While the number of units ordered showed a decline from 2012 up to 2013, value continued to increase, reflecting a shift to more capable and sophisticated platforms (peak on 2013 due to V-22 multi year contract). This trend seems to change in 2014, due to some big military contract for smaller platform.

• Increase in deliveries till 2013 is a consequence of achieving full rate production for certain US programmes: UH-60, V-22, UH-1Y/AH-1Z, AH-64 and CH-47. From 2014 some of them start declining.

• Increased competition from US OEMs in International markets, partially making up for US programmes winding down.

616

1071777 818 822

10

14 13

21

12

0

5

10

15

20

0

200

400

600

800

1000

1200

1400

2010 2011 2012 2013 2014

Unit

Unit Value

Orders (Excluding Military Upgrades)

Military Orders & Deliveries Trend 2010 – 2014 (excl. Military Upgrades)

Deliveries (Excluding Military Upgrades) 2014 Deliveries by segment

(Excluding Military Upgrades)

748690

809906 860

14 1516

19 19

02468101214161820

0

200

400

600

800

1000

1200

1400

2010 2011 2012 2013 2014

Unit

Unit Value

Billion $

Billion $

Source: Flight Global / AW Strategy Note: Orders and deliveries subject to change due to lack of public information.


6

COMMERCIAL APPLICATIONS


7

MILITARY APPLICATIONS


8

MORE THAN A CENTURY OF EXCELLENCE

1907

1915

1950 1951

1952

1971

1998

2001

2003

2006

2009

2010

2011

2012

First aircraft Maiden Flight

Foundation

Dragonfly 1st Flight

Foundation

AB47 1st Flight

Lynx 1st Flight

A109 1st Flight

AW101 Operational

readiness

Foundation

AW139 EASA

Certification

NH90 Entered Service

SW-4 1st Flight

AW149 1st Flight

T129 1st Flight

GrandNew EASA

Certification

AW609 Programme Acquisition

AW189 1st Flight

AW169 1st Flight

AW159 Entered Service


AW189 EASA

Certification

2014

AW169 EASA

Certification

2015

9

12850+ Workforce

4800+ Live h/c fleet

4 Training

Academies

1400+ Customers

4.3B+ Revenues

105 Countries

4 Domestic Markets

230+ Orders


2014

10

� Profitability (RoS) steadily at double digit

� Order backlog is almost 3 years of equivalent production

� Growing success in commercial helicopter business

� Continue to expect solid performance

(Euro mil) FY14 FY13

REVENUES 4,376 4,049

EBITA 543 547

RoS% 12.4% 13.5%

ORDERS 4,556 4,386

BACKLOG 12,249 11,834

WORKFORCE 12,850 13,121

AGUSTAWESTLAND 2014 KEY DATA

Revenues by SEGMENT

11%

24%

26%

36%

3% Customer Support & Training

Engineering

Military sales

Dual Use sales

Commercial sales

Revenues by REGION

Italy

USA

UK

13%

21%

8%

33%

25%

Rest of the world

Rest of Europe


11

INDUSTRIAL FOOTPRINT

PHILADELPHIA

YEOVIL SWIDNIK

FROSINONE ANAGNI BRINDISI TESSERA

CASCINA COSTA VERGIATE BENEVENTO


12

CUSTOMER SUPPORT AND TRAINING


13

INNOVATION FOR GROWTH


In 2014 invested EUR 468 million (almost 11% on revenues) in R&D .

14

RUAVs

� Mission operational autonomy

� Advanced sensors integration

� Payload

� Extremely-high rotor efficiency

Diversified growing market

Tiltrotor

� Advanced technology

� High productivity

� High speed

� Cost containment

� Easy fit into ATM & infrastructure system

Range Speed

Altitude

Helicopter

� Dual-Use concept

� Family concept

Vertical flight efficiency

AgustaWestland Product Strategy - Drivers


15

AW609: “Higher, Faster, Further”

THE GAME CHANGER ON SEPTEMBER 15TH AW609 ESTABLISHED SPEED RECORD FLYING FROM YEOVIL-UK TO CASCINA COSTA, A DISTANCE OF 1,161 KM (627NM) IN JUST 2H 18 MINUTES The unique characteristics of the AW609 tiltrotor combine the benefits of a helicopter and a fixed-wing aircraft into one aircraft. Taking off and landing vertically, flying above adverse weather conditions with up to nine people in comfort in a pressurised cabin at twice the speed and range typical of helicopters, the AW609 tiltrotor represents the next generation of aircraft transport for civil (both private and commercial operators), government and para-public roles.

� New capabilities, new opportunities

� Opportunities for 300-500 a/c in about 20 years

Vertical Take Off

Acceleration and Conversion 40 sec

Full Airplane Mode


16

AW609 Key Differentiators

HIGHER, FASTER, FURTHER FROM POINT-TO-POINT � Proven tiltrotor concept and technology � Productivity high speed (275 kts) plus range (750-1100 nm) plus altitude (25,000 ft) to fly

quickly and efficiently from point to point � Comfort pressurised cabin, low noise, quicker journeys above the weather and adverse

terrain, use of airways � All-weather capability with full flight in icing capability and with advanced avionics � Safety multiple system redundancy, fly-by-wire, full Transport Category performance


17

AW609 Full development and certification is ongoing.

Selected by UAE Joint Aviation Command

Joint development of O&G configuration ongoing with Bristow Group

NextGen CTR Under the EU funded CleanSky 2, AgustaWestland will design and build a state-of-the-art Tiltrotor technology demonstrator and fly in 2021.

Potentially become a certified product within 2030.

a 20 pax, 300+ kts cruise, >700 nm range 9 pax, 275 kts cruise, >600 nm range

Tiltrotor and Next Generation Tiltrotor High-Speed Rotorcraft Strategy


THANK YOU FOR YOUR ATTENTION

rotary wing and global market · 2014 exchange rate: ... agustawestland 2014 key data revenues by...

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