Cassidian Drivers of Business Success

Size: px
Start display at page:

Download "Cassidian Drivers of Business Success"

Transcription

1 Cassidian Drivers of Business Success Bernhard Gerwert Chief Executive Officer Cassidian Page 1

2 Safe Harbour Statement Disclaimer This presentation includes forward-looking statements. Words such as anticipates, believes, estimates, expects, intends, plans, projects, may and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements made about strategy, ramp-up and delivery schedules, introduction of new products and services and market expectations, as well as statements regarding future performance and outlook. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include but are not limited to: Changes in general economic, political or market conditions, including the cyclical nature of some of EADS businesses; Significant disruptions in air travel (including as a result of terrorist attacks); Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; The successful execution of internal performance plans, including cost reduction and productivity efforts; Product performance risks, as well as programme development and management risks; Customer, supplier and subcontractor performance or contract negotiations, including financing issues; Competition and consolidation in the aerospace and defence industry; Significant collective bargaining labour disputes; The outcome of political and legal processes, including the availability of government financing for certain programmes and the size of defence and space procurement budgets; Research and development costs in connection with new products; Legal, financial and governmental risks related to international transactions; Legal and investigatory proceedings and other economic, political and technological risks and uncertainties. As a result, EADS actual results may differ materially from the plans, goals and expectations set forth in such forward-looking statements. For a discussion of factors that could cause future results to differ from such forward-looking statements, see EADS Registration Document dated 12th April Any forward-looking statement contained in this presentation speaks as of the date of this presentation. EADS undertakes no obligation to publicly revise or update any forward-looking statements in light of new information, future events or otherwise. Page 2

3 Cassidian Activities: 6 bn Profitable Business Air Systems & Services MBDA ~ 40% of Cassidian Revenues Eurofighter, combat and unmanned aircraft Services for platforms and systems including MRO*, through life services, training, and logistics services ~20% of Cassidian Revenues Missiles & missile systems for land, sea and air Prime contractor for series of strategic multinational programmes (Meteor, Aster ) Security Systems & Solutions Sensors ~20% of Cassidian Revenues Command and Control Systems Border, maritime and coastal Surveillance Secure Communications & Emergency Response ~10% of Cassidian Revenues Radars, electronic warfare, IFF**, optronics and protection electronics for defence & security Page 3 Other ~10% of Cassidian Revenues Including Mission Avonics, Test & Services, other subsidiaries * Maintenance, Repair & Overhaul * *Identification Friend or Foe

4 Cassidian: Market Environment Trends in Cassidian s Key Markets Security Defence Border/ Coastal Surveillance, Emergency Response Secure Communications and Cyber Ministry of Interior Combat and Unmanned Aircraft, Defense Electronics Command & Control Systems, Missiles Ministry of Defense Home Countries New Cassidian Countries Rest of World Home Countries: France, Germany, Spain, UK New Cassidian Countries: Brazil, India, Middle East, USA Page 4

5 Cassidian: Major Achievements Transformation programme on track Integrated division with operational and country dimension Increased global footprint and global revenue share Sound financial performance in recent years Stable revenues and solid order book of nearly 3 years of revenues EBIT* performance in recent years burdened by higher R&D, restructuring costs and high investments in transformation and globalisation Significant change in leadership team and structure mid Revenues 20% 80% Domestic Global EBIT* ( m) /RoS 2011 Revenues 70% 30% Transformation Plus launched Simplification of organisational structure Extended Competitiveness and Improvement programme Doubling Profitability Transformation and sustainable global growth Page 5 * pre goodwill impairment and exceptionals

6 Cassidian Target Cassidian RoS 10% by m 2012 Target Drivers towards 10% RoS target Focus on core Improved competitiveness Cost structure & headcount reduction Improved programme delivery Simplification: Organisation, R&D Success in key global markets 2011 Revenues 2015 Revenues 70% 30% 45% 55% Domestic Global Page 6

7 Key Enablers: Focus on Core % of total Revenues ~ 6 bn ~ 6 bn * Command, Control, Communications, Computers, Intelligence, Surveillance, Reconnaissance ** Lead Systems Integration *** Identification, Friend or Foe Page 7 Air Systems & Services Profitable Eurofighter secured deliveries until 2017 Profitable growing maintenance and support business for military platforms Market entry for UAE and Eurofighter export campaigns enhanced through partnerships MBDA Long-term projects and solid footprint in France, UK, Germany and Italy Secure MEADS / Follow on Ballistic Missile Defence Success in India and the Gulf, growing presence in the US Security Systems & Solutions Strong national position in C4ISR* in France & Germany Delivery on challenging LSI** programmes Widely deployed secure communication solutions (TETRA/TETRAPOL), network renewals and follow on services Sensors & Electronic Warfare Strong technology portfolio in electronic warfare, optronics, Radars and IFF*** Worldwide product support

8 Key Enablers: Improved Competitiveness (1/3) Cost Structure & Headcount Reduction Continuation and extension of work of existing Transformation programme until 2015 Headcount reduction mainly in management and indirect support functions Significant annual cost reduction MBDA Improvement Programme Page 8

9 Key Enablers: Improved Competitiveness (2/3) Improved programme delivery Improved programme execution & de-risking OTOCOQ* focus at business line level Application of LEAN methodology e.g. Eurofighter lean management system Optimisation of engineering architectures, establishment of global competence centres Simplification of integrated systems delivery model by development of standard modules for global re-use and increase own value add by inclusion of own products (Sensors) Page 9 * On time, on cost, on quality

10 Key Enablers: Improved Competitiveness (3/3) Simplification: Organisation More streamlined organisation less interfaces and complexity Leaner, more agile and international executive committee Accelerated decision making and reduced bureaucracy Simplification: R&D Increase level of modularisation: product building blocks and family concepts enabling re-use in other programmes globally Modular basis can be applied flexibly in both defence and security systems Page 10

11 Key Enablers: Success in Key Global Markets Objective of 50% global business in 2017 Regional Sales Org. Follow on Business Local Presence Strengthen internationalisation with new regional sales organisation: Asia Pacific, EMEA* Americas Programme delivery as door opener: leverage strong reference customers in Eurofighter and security business Eurofighter export, follow on support services Operational development and training in LSI** Larsen & Toubro (India), Emiraje (UAE) Centres of Excellence Engineering India, Electronic Warfare S. Africa Strong project teams in UAE and Saudi Arabia Local company in US (Cassidian Communications Inc., Fairchild Controls) * Europe, Middle East & Africa ** Lead Systems Integration Page 11

12 Example on the Ground Eurofighter Lean Management System Manching & Getafe WIP** & Material Reductions Standardisation of key processes Capabilities enhancements Simplification of IS* delivery model Development of standard modules and solutions for global re-use R&D to mature solution portfolio for re-use in products globally Optimisation of Engineering Architecture Mission Planning One architecture replacing four Capable of supporting multiple platforms NH90; Eurofighter, Tornado, Tiger Data Links Reduction of solutions to 2 by combining available capabilities spread across various centres of competence Page 12 * Integrated Systems ** Work In Progress

13 Conclusion Cassidian is and remains profitable in a difficult market environment Well set to target 10% RoS in 2015 Key enablers are: Focus on core businesses Further headcount reduction and cost reduction Improved competitiveness: Improved programme delivery Simplification in organisation and R&D processes Success in strategic key global markets Strong order backlog and secured programmes provide stability and secure workload in the medium term Page 13

CASSIDIAN Evolution of the Defence & Security business in EADS

CASSIDIAN Evolution of the Defence & Security business in EADS CASSIDIAN Evolution of the Defence & Security business in EADS Global Investor Forum, Toulouse 15-16 November 2010 Stefan Zoller CEO Cassidian 1 2 Disclaimer Disclaimer This presentation includes forward-looking

More information

Global Investor Forum Market Perspectives / Strategy. Marwan Lahoud, Chief Strategy and Marketing Officer London, 11th/12th December 2013

Global Investor Forum Market Perspectives / Strategy. Marwan Lahoud, Chief Strategy and Marketing Officer London, 11th/12th December 2013 Global Investor Forum Market Perspectives / Strategy Marwan Lahoud, Chief Strategy and Marketing Officer London, 11th/12th December 2013 Safe Harbour Statement Disclaimer This presentation includes forward-looking

More information

Focus on Security Business

Focus on Security Business EADS Security & Defence Focus on Security Business Hervé Guillou Head of Defence and Communications Systems Global Investor Forum 2009, Broughton, 1 st & 2 nd April 2009 1 1 Safe Harbour Statement Disclaimer

More information

Security Business a Growth Path

Security Business a Growth Path Business a Growth Path North America Investor Forum 2010 New York, 18 th March 2010 Hervé Guillou Head of EADS Defence & Communications Systems Safe Harbour Statement 2 Disclaimer This presentation includes

More information

Customer Financing. Nigel Taylor SVP Customer, Project and Structured Finance. Global Investor Forum 2009, Broughton, 1 st & 2 nd April 2009

Customer Financing. Nigel Taylor SVP Customer, Project and Structured Finance. Global Investor Forum 2009, Broughton, 1 st & 2 nd April 2009 Customer Financing Nigel Taylor SVP Customer, Project and Structured Finance Global Investor Forum 2009, Broughton, 1 st & 2 nd April 2009 1 Safe Harbour Statement Disclaimer This presentation includes

More information

Q1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer

Q1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer 1 Q1 RESULTS 2015 30 APRIL 2015 Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words such as anticipates, believes,

More information

Airbus Group Achieves Record Revenues, EBIT* And Order Backlog In 2014

Airbus Group Achieves Record Revenues, EBIT* And Order Backlog In 2014 Airbus Group Achieves Record Revenues, EBIT* And Order Backlog In Revenues increase five percent to 60.7 billion Reported EBIT* up 54 percent to 4.0 billion with a 6.7% return on sales Earnings per share

More information

Reliable Performance and Increasing Growth Hans-Peter Ring Chief Financial Officer EADS. North America Investor Forum New York 7 th October 2003

Reliable Performance and Increasing Growth Hans-Peter Ring Chief Financial Officer EADS. North America Investor Forum New York 7 th October 2003 Reliable Performance and Increasing Growth Hans-Peter Ring Chief Financial Officer EADS North America Investor Forum New York 7 th October 2003 1 1 Solid and Resilient Performance Financial Highlights

More information

Airbus Group. Marwan Lahoud Airbus Group, CSMO. London 10 December 2014

Airbus Group. Marwan Lahoud Airbus Group, CSMO. London 10 December 2014 1 Airbus Group Marwan Lahoud Airbus Group, CSMO London 10 December 2014 Safe Harbour Statement 2 Disclaimer This presentation includes forward-looking statements. Words such as anticipates, believes, estimates,

More information

FY RESULTS 27 FEBRUARY 2015. Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer

FY RESULTS 27 FEBRUARY 2015. Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer 1 FY RESULTS 27 FEBRUARY 2015 Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words

More information

Airbus Group Reports Robust First Quarter 2015 Results

Airbus Group Reports Robust First Quarter 2015 Results Airbus Group Reports Robust First Quarter Results Solid operational performance supports EPS and cash flow, further enhanced by divestments Revenues 12.1 billion, EBIT* before one-off 651 million Earnings

More information

Airbus Group Reports Improved Nine-Month (9m) Results 2014

Airbus Group Reports Improved Nine-Month (9m) Results 2014 Airbus Group Reports Improved Nine-Month () Results Financial performance reflects operational progress, guidance confirmed Revenues increase four percent to 40.5 billion EBIT* before one-off rises 12

More information

Cash Drivers and Enterprise Value

Cash Drivers and Enterprise Value Cash Drivers and Enterprise Value Global Investor Forum 2009, Broughton, 1 st & 2 nd April 2009 Gérard Adsuar Corporate Executive Finance & Treasury, EADS 1 1 Safe Harbour Statement Disclaimer This presentation

More information

Eurocopter Delivering strong business growth

Eurocopter Delivering strong business growth Eurocopter Delivering strong business growth Lutz Bertling Chief Executive Officer Eurocopter Page 1 Safe Harbour Statement Disclaimer This presentation includes forward-looking statements. Words such

More information

Global Investor Forum 2008

Global Investor Forum 2008 Global Investor Forum 2008 Airbus Financial Workshop Seville, 17 th / 18 th January 2008 1 Safe Harbor Statement Certain of the statements contained in this document are not historical facts but rather

More information

Annual Results 2010. Louis Gallois Chief Executive Officer. Hans Peter Ring Chief Financial Officer

Annual Results 2010. Louis Gallois Chief Executive Officer. Hans Peter Ring Chief Financial Officer Annual Results 2010 Louis Gallois Chief Executive Officer Hans Peter Ring Chief Financial Officer Safe Harbour Statement 2 Disclaimer This presentation includes forward-looking statements. Words such as

More information

Commercial Update. John Leahy Chief Operating Officer Customers Airbus. Global Investor Forum 2009, Broughton, 1 st & 2 nd April 2009

Commercial Update. John Leahy Chief Operating Officer Customers Airbus. Global Investor Forum 2009, Broughton, 1 st & 2 nd April 2009 Commercial Update John Leahy Chief Operating Officer Customers Airbus Global Investor Forum 2009, Broughton, 1 st & 2 nd April 2009 1 1 Safe Harbour Statement Disclaimer This presentation includes forward-looking

More information

AIRBUS GROUP AUSTRALIA PACIFIC

AIRBUS GROUP AUSTRALIA PACIFIC AIRBUS GROUP AUSTRALIA PACIFIC GLOBAL EXPERTISE LOCAL FOCUS Airbus Group Australia Pacific is a part of Airbus Group, a global leader in aeronautics, space and related services. The Group comprises the

More information

ELBIT SYSTEMS. Jefferies Global Industrials Conference - August 2014. Joseph Gaspar EVP & CFO

ELBIT SYSTEMS. Jefferies Global Industrials Conference - August 2014. Joseph Gaspar EVP & CFO ELBIT SYSTEMS Jefferies Global Industrials Conference - August 2014 Joseph Gaspar EVP & CFO AT A GLANCE HEADQUARTED ISRAEL with International Operations 11,700 EMPLOYEES 50% engineers TEL AVIV & NASDAQ

More information

2014 HALF YEAR RESULTS 4 September 2014

2014 HALF YEAR RESULTS 4 September 2014 862m H1 2014 Revenues 2014 HALF YEAR RESULTS 4 September 2014 57% of Revenues for International in H1 2014 21,657 Employees In H1 2014 Disclaimer This presentation contains forward-looking statements (as

More information

Surveillance and Security Systems

Surveillance and Security Systems Surveillance and Security Systems Surveillance & Security Systems Surveillance Company Overview and Security Systems Company Overview Company Overview Ultra Electronics Surveillance and Security Systems

More information

Annual Results 2011 08 March 2012

Annual Results 2011 08 March 2012 Annual Results 2011 08 March 2012 Louis Gallois Chief Executive Officer Hans Peter Ring Chief Financial Officer Safe Harbour Statement 2 Disclaimer This presentation includes forward-looking statements.

More information

H1 2012 I Düsseldorf, 10 August 2012. International Technology Group for Defence and Automotive

H1 2012 I Düsseldorf, 10 August 2012. International Technology Group for Defence and Automotive I Düsseldorf, 10 August 2012 International Technology Group for Defence and Automotive Rheinmetall Group Rheinmetall Group Key messages Sales increased by 9% Solid earnings: EBIT on previous year s level,

More information

Financial Information

Financial Information Financial Information Solid results with in all key financial metrics of 23.6 bn, up 0.4% like-for like Adjusted EBITA margin up 0.3 pt on organic basis Net profit up +4% to 1.9 bn Record Free Cash Flow

More information

Airbus Progamme Review

Airbus Progamme Review Airbus Progamme Review Tom WILLIAMS Executive Vice President Programmes Global Investor Forum 2009, Broughton, 1 st & 2 nd April 2009 1 1 Safe Harbour Statement Disclaimer This presentation includes forward-looking

More information

Applus+ Group Results Presentation First Quarter 2015 7 May 2015

Applus+ Group Results Presentation First Quarter 2015 7 May 2015 Applus+ Group Results Presentation First Quarter 2015 7 May 2015 DISCLAIMER This document may contain statements that constitute forward looking statements about Applus Services, SA ( Applus+ or the Company

More information

Military Simulation, Modelling and Virtual Training Market 2014-2024: Top Companies in Immersive, Interactive, Constructed & Computer Based Training

Military Simulation, Modelling and Virtual Training Market 2014-2024: Top Companies in Immersive, Interactive, Constructed & Computer Based Training Figure 1.2 Example Submarket Forecast 2014-2024 ($m, AGR ) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Year Note: The real data has been redacted in this data table. Values are for illustrative

More information

Case No COMP/M.3649 - FINMECCANICA / BAES AVIONICS & COMMUNICATIONS. REGULATION (EC) No 139/2004 MERGER PROCEDURE

Case No COMP/M.3649 - FINMECCANICA / BAES AVIONICS & COMMUNICATIONS. REGULATION (EC) No 139/2004 MERGER PROCEDURE EN Case No COMP/M.3649 - FINMECCANICA / BAES AVIONICS & COMMUNICATIONS Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date:

More information

Venator -110 General Purpose Light Frigate Technical Brief

Venator -110 General Purpose Light Frigate Technical Brief Technical Brief VENATOR-110 GENERAL PURPOSE LIGHT FRIGATE A TECHNICAL BRIEF 1. INTRODUCTION Flexible and affordable Globally deployable Fulfils comprehensive range of roles Designed for optimum balance

More information

Q2 and Half-Year 2010 Results

Q2 and Half-Year 2010 Results Q2 and Half-Year 2010 Results July 27, 2010 27.07.2010 1 Key financials in billions of Q2 2009 Q2 2010 Revenue 19.6 25.1 EBIT Net profit (loss) Earnings (loss) per share (in ) (1.0) (1.1) (0.99) 2.1 1.3

More information

Northrop Grumman Corporation

Northrop Grumman Corporation Northrop Grumman Corporation 2015 NHOA, 1 St Annual Business Summit Conference August 4, 2015 Tizoc S. Loza Corporate Manager, GSDP/Government Relations Northrop Grumman Today Leading global security company

More information

UBS Global Financials Conference

UBS Global Financials Conference UBS Global Financials Conference George Culmer, Group CFO Simon Lee, CEO International 11 May 21 AGENDA Overview George Culmer, CFO UK International Simon Lee, CEO International Emerging Markets Wrap up

More information

Global Supply. 17 November 2011

Global Supply. 17 November 2011 Global Supply 17 November 2011 David Gosnell President, Global Supply and Procurement Supply goals: Enhancing margin and enabling growth Competitive advantage in cost will deliver gross margin expansion

More information

sdv.com DEFENSE & SECURITY

sdv.com DEFENSE & SECURITY sdv.com DEFENSE & SECURITY SDV, A CUSTOMIZED SERVICE AND AN ASSURED PERFORMANCE The strength of our network: Our presence in 102 countries ensures proximity to our customers and guarantees complete control

More information

Capital Markets Day 2012 DHL Supply Chain. Bruce A. Edwards London, 24 May 2012

Capital Markets Day 2012 DHL Supply Chain. Bruce A. Edwards London, 24 May 2012 Capital Markets Day 2012 DHL Supply Chain Bruce A. Edwards London, 24 May 2012 What we said in the past... Capital Markets Day 2009 Capital Markets Day 2010 Continued to improve our financial metrics to

More information

Northrop Grumman Today. October 2013

Northrop Grumman Today. October 2013 Northrop Grumman Today October 2013 Northrop Grumman Today Leading global security company $25.2 billion sales in 2012 $40.8 billion total backlog at the end of 2012 Leading capabilities in: Unmanned Systems

More information

Press Release. FY 2012/13 Alstom achieves a solid commercial and operational performance and free cash flow turns positive

Press Release. FY 2012/13 Alstom achieves a solid commercial and operational performance and free cash flow turns positive Press Release 7 May 2013 FY 2012/13 Alstom achieves a solid commercial and operational performance and free cash flow turns positive Between 1 April 2012 and 31 March 2013, Alstom booked 23.8 billion of

More information

COMBATSS-21 Scalable combat management system for the world s navies

COMBATSS-21 Scalable combat management system for the world s navies COMBATSS-21 Scalable combat management system for the world s navies The COMBATSS-21 total ship combat management system was designed to deliver capability rapidly and affordably. Built on an open architecture,

More information

Implementing a leaner and more efficient organisation to capture management gains

Implementing a leaner and more efficient organisation to capture management gains Implementing a leaner and more efficient organisation to capture management gains Davinder Chugh Member of the Group Management Board 16 September 2009 Investor day London & New York 0 Disclaimer Forward-Looking

More information

HSBC Holdings plc and HSBC Bank Canada Presentation to Fixed Income Investors. September 2013

HSBC Holdings plc and HSBC Bank Canada Presentation to Fixed Income Investors. September 2013 Holdings plc and Bank Canada Presentation to Fixed Income Investors September 2013 Forward-looking statements This presentation, including the accompanying slides and subsequent discussion, contains certain

More information

Annual Results Fiscal Year 2014/15. 6 May 2015

Annual Results Fiscal Year 2014/15. 6 May 2015 Annual Results Fiscal Year 2014/15 6 May 2015 Key takeaways 2014/15 results guidance met Transport showing solid commercial and operational performance Orders up 63%, sales growth of 8% (7% organic) IFO

More information

Second Quarter and First Half 2015 Trading Update

Second Quarter and First Half 2015 Trading Update Second Quarter and First Half 2015 Trading Update Trading Performance Year-on-Year Gross Profit Reported ( m) Constant 2015 2014 % % Q2 145.3 137.1 +6.0% +10.6% H1 281.0 263.7 +6.6% +10.8% Q2 Gross Profit

More information

Applus+ Group Results Presentation Third Quarter 2014 November 3rd 2014

Applus+ Group Results Presentation Third Quarter 2014 November 3rd 2014 Applus+ Group Results Presentation Third Quarter 2014 November 3rd 2014 DISCLAIMER This document may contain statements that constitute forward looking statements about Applus Services, SA ( Applus+ or

More information

Restoring QinetiQ to Strength: Solid progress. QinetiQ Interim Results 2010 Thursday 18 th November 2010

Restoring QinetiQ to Strength: Solid progress. QinetiQ Interim Results 2010 Thursday 18 th November 2010 Restoring QinetiQ to Strength: Solid progress QinetiQ Interim Results 2010 Thursday 18 th November 2010 Leo Quinn Chief Executive Officer Agenda 1. Headlines 2. Financial overview 3. Operational update

More information

Full year results. March 2012

Full year results. March 2012 2 0 1 1 Full year results March 2012 1 DISCLAIMER Safe Harbour Statement This presentation contains forward-looking statements (made pursuant to the safe harbour provisions of the Private Securities Litigation

More information

H1 2015 Results. 12 August 2015

H1 2015 Results. 12 August 2015 H1 2015 Results Agenda Agenda H1 2015 at a glance Building industry outlook 2015 Outlook 2015 2 Stable operating margins Group net sales increase of 20.1% to CHF 1 308 million In local currencies, net

More information

VECTRUS CITI S 2016 INDUSTRIALS CONFERENCE

VECTRUS CITI S 2016 INDUSTRIALS CONFERENCE VECTRUS CITI S 2016 INDUSTRIALS CONFERENCE KEN HUNZEKER CHIEF EXECUTIVE OFFICER AND PRESIDENT JUNE 15, 2016 SAFE HARBOR STATEMENT SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT

More information

Competitiveness and New Development Opportunities in Aerospace

Competitiveness and New Development Opportunities in Aerospace Competitiveness and New Development Opportunities in Aerospace Desmond Hickie Emeritus Professor, University of Chester, UK deshickie@gmail.com Outline Key characteristics of the aerospace industry Current

More information

Hitachi Smart Transformation Project

Hitachi Smart Transformation Project Hitachi Smart Transformation Project Hitachi IR Day 2014 June 12, 2014 Tatsuro Ishizuka Executive Vice President and Executive Officer CTrO Hitachi, Ltd. Hitachi Smart Transformation Project Contents 1.

More information

VOLEX INTERIM RESULTS TO OCTOBER 5 2014. Christoph Eisenhardt, CEO Nick Parker, CFO November 2014

VOLEX INTERIM RESULTS TO OCTOBER 5 2014. Christoph Eisenhardt, CEO Nick Parker, CFO November 2014 VOLEX INTERIM RESULTS TO OCTOBER 5 2014 Christoph Eisenhardt, CEO Nick Parker, CFO November 2014 Disclaimer This Presentation has been prepared by Volex PLC (the Company ) in connection with the publication

More information

THE BENEFITS. Facts/Figures

THE BENEFITS. Facts/Figures PERFORMANCE BASED LOGISTICS TRACK RECORD OF SUCCESS BAE Systems Large Aircraft Mr Tim Deacon, Nimrod Project Engineering Manager says of the IFS solution: Integrated Asset Management is an innovative solution

More information

FIRST QUARTER REPORT 2008-04-25

FIRST QUARTER REPORT 2008-04-25 FIRST QUARTER REPORT This presentation contains forward looking statements. Such statements are based on our current expectations and are subject to certain risks and uncertainties that could negatively

More information

2015 Half-Year Results 23 July 2015

2015 Half-Year Results 23 July 2015 2015 Half-Year Results 23 July 2015 www.thalesgroup.com H1 2015 business environment 2 Aerospace Avionics: continued positive dynamics for cockpit avionics and IFEC Space: telecom market remains highly

More information

Investor Presentation 2010 Financial Results Full Year ended 30 June. Rebecca Norton, Chief Financial Officer

Investor Presentation 2010 Financial Results Full Year ended 30 June. Rebecca Norton, Chief Financial Officer Investor Presentation 2010 Financial Results Full Year ended 30 June Simon Full Year Woodfull, results Group CEO for year ended Rebecca Norton, Chief Financial Officer August 2010 AGENDA Group Highlights

More information

Press conference 2015 RESULTS

Press conference 2015 RESULTS Press conference 2015 RESULTS Saint-Cloud March 10, 2016 ACTIVITIES and PROGRAMS in 2015 General situation 2015 will be remembered above all as a year of instability in geopolitical terms: increased terrorist

More information

GLOBAL DATA CENTER INVESTMENT 2013

GLOBAL DATA CENTER INVESTMENT 2013 2013 CENSUS REPORT: Global Data Center Investment 2013 GLOBAL DATA CENTER INVESTMENT 2013 2013 - Healthy Growth in Data Center Investment Globally Globally, the data center industry has continued to maintain

More information

STAR CONFERENCE 2015 Milan

STAR CONFERENCE 2015 Milan STAR CONFERENCE 2015 Milan Elica Corporation Today N#1 Player Worldwide in Hoods 2014 Turnover 391.9 M > 3500 Employees 2 19 Mln Hoods + Motors Cooking Net Sales: Own Brand 41% Client Brand 59 % 2 & 3

More information

Capital Markets Day Europe Products & Distribution

Capital Markets Day Europe Products & Distribution Capital Markets Day Europe Products & Europe Products & Overview Products Wrap Up CRH plc, Capital Markets Day, November 2012 Page 2 Europe Products & Overview Country Presence Countries Germany Benelux

More information

2015 Full-Year results

2015 Full-Year results Paris La Défense, 23 February 2016 2015 Full-Year results Record order intake: 18.9 billion, up 31% Sales: 14.1 billion, up 4.5% at constant scope and currency EBIT 1 : 1,216 million, up 23% Adjusted net

More information

Chasing growth in a constrained environment

Chasing growth in a constrained environment Chasing growth in a constrained environment Bernard Fontana CEO June 14, 2012 Agenda 1 Drivers of demand growth 2 Allocating the asset footprint according to demand 3 Growth from customer excellence &

More information

Bank of America Merrill Lynch Banking & Financial Services Conference

Bank of America Merrill Lynch Banking & Financial Services Conference Bank of America Merrill Lynch Banking & Financial Services Conference Manuel Medina Mora Chairman of the Global Consumer Banking Council November 17, 2010 Consumer Banking in Citicorp Agenda Our Business

More information

Makita Corporation. Consolidated Financial Results for the nine months ended December 31, 2007 (U.S. GAAP Financial Information)

Makita Corporation. Consolidated Financial Results for the nine months ended December 31, 2007 (U.S. GAAP Financial Information) Makita Corporation Consolidated Financial Results for the nine months ended (U.S. GAAP Financial Information) (English translation of "ZAIMU/GYOSEKI NO GAIKYO" originally issued in Japanese language) CONSOLIDATED

More information

Statement by Kasper Rorsted Chairman of the Management Board Conference-Call November 11, 2015, 10.30 a.m.

Statement by Kasper Rorsted Chairman of the Management Board Conference-Call November 11, 2015, 10.30 a.m. Statement by Kasper Rorsted Chairman of the Management Board Conference-Call November 11, 2015, 10.30 a.m. Welcome to our conference call today. As you will have seen, this morning we sent out our news

More information

Kemira well underway to return to profitable growth Kemira Capital Markets Day 2012. Wolfgang Büchele President and CEO

Kemira well underway to return to profitable growth Kemira Capital Markets Day 2012. Wolfgang Büchele President and CEO Kemira well underway to return to profitable growth Kemira Capital Markets Day 2012 President and CEO Three strategic priorities for achieving profitable growth Improving efficiency Simplicity Substantially

More information

Lockheed Martin Corporation

Lockheed Martin Corporation Lockheed Martin Corporation Portfolio Shaping Actions & 2 nd Quarter 2015 Financial Results July 20, 2015 11:00 am EDT Webcast login at www.lockheedmartin.com/investor Webcast replay & podcast available

More information

Management Discussion and Analysis of Financial Position and Operating Results

Management Discussion and Analysis of Financial Position and Operating Results Management Discussion and Analysis of Financial Position and Operating Results The purpose of this analysis is to provide the reader with an overview of how the financial position of Héroux-Devtek Inc.

More information

Logistikkdagen 2006. Challenges & Problems linked to: Export/Import Special Markets Export/Import Special Products. Rolls-Royce

Logistikkdagen 2006. Challenges & Problems linked to: Export/Import Special Markets Export/Import Special Products. Rolls-Royce Logistikkdagen 2006 Challenges & Problems linked to: Export/Import Special Markets Export/Import Special Products Rolls-Royce Royce Diesels Bergen, Norway Berend van Hoek - VP Strategic Sourcing trusted

More information

Military Engines. Pratt & Whitney. Aftermarket Services

Military Engines. Pratt & Whitney. Aftermarket Services Military Engines Pratt & Whitney Military Engines Aftermarket Services Dependable Engines. Dependable Services. Leveraging 90 years of military and commercial OEM experience, Pratt & Whitney provides advanced,

More information

Technology applied to the most innovative and demanding sectors of the market.

Technology applied to the most innovative and demanding sectors of the market. STE is an Italian medium sized private Systems Integration Company leader in Information and Communication Technology applied to the most innovative and demanding sectors of the market. Established on

More information

Reed Elsevier Results 2013 Erik Engstrom, CEO Duncan Palmer, CFO

Reed Elsevier Results 2013 Erik Engstrom, CEO Duncan Palmer, CFO Reed Elsevier Results Erik Engstrom, CEO Duncan Palmer, CFO FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the US Securities Act of

More information

Standard Chartered today releases its Interim Management Statement for the third quarter of 2015.

Standard Chartered today releases its Interim Management Statement for the third quarter of 2015. Standard Chartered PLC Interim Management Statement 3 November 2015 Standard Chartered today releases its Interim Management Statement for the third quarter of 2015. Bill Winters, Group Chief Executive,

More information

Accelerating Growth. Energy Aerospace & Defense

Accelerating Growth. Energy Aerospace & Defense Accelerating Growth Energy Aerospace & Defense Enabling the Growth of the World s Complex Infrastructure Every year, the world s population increases by over 70 million people. And every year, the pressure

More information

How To Become A Northrop Grumman Supplier

How To Become A Northrop Grumman Supplier Northrop Grumman Today May 2012 Lee R. Barnes, Jr. Corporate Lead Executive, Orlando Northrop Grumman Today Leading global security company $26.4 billion sales in 2011 $39.5 billion total backlog Leading

More information

Fiscal Year 2015 1st Quarter Earnings Conference Call

Fiscal Year 2015 1st Quarter Earnings Conference Call Fiscal Year 2015 1st Quarter Earnings Conference Call January, 2015 www.jacobs.com worldwide Forward-Looking Statement Disclaimer Statements included in this presentation that are not based on historical

More information

www.pwc.nl Procurement Transformation: Towards Sourcing & Procurement Excellence

www.pwc.nl Procurement Transformation: Towards Sourcing & Procurement Excellence www.pwc.nl Procurement Transformation: Towards Sourcing & Procurement Excellence PwC firms provide Industry-focused Assurance, Tax and Advisory services to enhance value for their clients. More than 161.000

More information

Willis Group Holdings. February 2014 I Bank of America Merrill Lynch Insurance Conference

Willis Group Holdings. February 2014 I Bank of America Merrill Lynch Insurance Conference Willis Group Holdings February 2014 I Bank of America Merrill Lynch Insurance Conference Disclaimer Important disclosures regarding forward-looking statements These presentations contain certain forward-looking

More information

Phil Curnock Head of Supply Chain

Phil Curnock Head of Supply Chain Phil Curnock Head of Supply Chain 1 Introduction 2 About ADS ADS Group Limited (ADS) is the trade organisation advancing UK Aerospace, Space, Defence and Security industries, with Farnborough International

More information

Commerzbank: Strategy successful net profit of over 1 billion euros and dividend

Commerzbank: Strategy successful net profit of over 1 billion euros and dividend IR release 12 February 2016 Commerzbank: Strategy successful net profit of over 1 billion euros and dividend Operating profit in 2015 more than doubled to EUR 1,909 m (2014: EUR 689 m) Operating profit

More information

Organic Growth and Strategic Acquisitions. Delivered record 66 million of validated cost savings to our customers

Organic Growth and Strategic Acquisitions. Delivered record 66 million of validated cost savings to our customers 2014 Preliminary Results For the year ended 31 December 2014 Organic Growth and Strategic Acquisitions Delivered record 66 million of validated cost savings to our customers Agenda Overview Financial highlights

More information

Slide 1. ABB September 9, 2015

Slide 1. ABB September 9, 2015 Jean-Christophe Deslarzes, CHRO, ABB Ltd., Capital Markets Day, Next Level Stage 2 Accelerating transformation White Collar Productivity Slide 1 Important notices Presentations given during the Capital

More information

IT BUSINESS. Hal Grant, EVP IT. February 19, 2015

IT BUSINESS. Hal Grant, EVP IT. February 19, 2015 IT BUSINESS Hal Grant, EVP IT February 19, 2015 1 Disclaimer All forward-looking statements are Schneider Electric management s present expectations of future events and are subject to a number of factors

More information

PIERRE JEAN SIVIGNON FINANCIAL. Deputy Chief Executive Officer, Chief Financial Officer RESULTS

PIERRE JEAN SIVIGNON FINANCIAL. Deputy Chief Executive Officer, Chief Financial Officer RESULTS FULL YEAR RESULTS FINANCIAL RESULTS PIERRE JEAN SIVIGNON Deputy Chief Executive Officer, Chief Financial Officer FURTHER PROFIT GROWTH IN 2015 Variation at (in m) 2014 2015 (1) constant exch. rates Variation

More information

American Tower Corporation: An Overview. June 2014

American Tower Corporation: An Overview. June 2014 American Tower Corporation: An Overview June 2014 Solid Business Model Fundamentals 2 Company Overview American Tower is a leading independent owner and operator of telecommunications real estate and approximately

More information

Javier Marín Private Banking, Asset Management and Insurance

Javier Marín Private Banking, Asset Management and Insurance Javier Marín Private Banking, Asset Management and Insurance Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking statements

More information

Supply Chain Optimization & Efficiency: Looking at what other Industries do to enable Cost Reduction

Supply Chain Optimization & Efficiency: Looking at what other Industries do to enable Cost Reduction Replace with image Supply Chain Optimization & Efficiency: Looking at what other Industries do to enable Cost Reduction MRO Asia, Singapore Expo Convention Centre Date: 30 th October 2013 Today s Panel

More information

Financial Overview. Olivier Dubois. Investor Presentation. President and CFO. Paris, October 17, 2007 - New York, October 19, 2007

Financial Overview. Olivier Dubois. Investor Presentation. President and CFO. Paris, October 17, 2007 - New York, October 19, 2007 Financial Overview Olivier Dubois President and CFO Investor Presentation Paris, October 17, 2007 - New York, October 19, 2007 Current situation 2 Technip financial statements FULL YEAR FIRST SEMESTER

More information

Preliminary financial elements and outlook. Luc Vigneron, CEO 14 February 2011

Preliminary financial elements and outlook. Luc Vigneron, CEO 14 February 2011 Preliminary financial elements and outlook Luc Vigneron, CEO 14 2010 preliminary financial elements 3 / Key figures in m 2010 (*) 2009 change reported organic Order intake 13,100 13,927-6% -9% Order book

More information

Zurich Insurance Group. Our people 2014

Zurich Insurance Group. Our people 2014 Zurich Insurance Group Our people 2014 Zurich Insurance Group 1 Our people 2014 We aim to create sustainable value for all our stakeholders, in line with our values as set out in Zurich Basics, our code

More information

April 1, 2010. Rudi Ludwig, CEO Wilfried Trepels, CFO

April 1, 2010. Rudi Ludwig, CEO Wilfried Trepels, CFO Annual Financial i Statements t t 2009 April 1, 2010 Rudi Ludwig, CEO Wilfried Trepels, CFO 1 Agenda 1. Executive Summary 2. Background Market Performance 3. Business Performance 4. Financials 5. Next

More information

UBS Pan European Conference. Hervé Multon, SVP Strategy 1st June 2012

UBS Pan European Conference. Hervé Multon, SVP Strategy 1st June 2012 UBS Pan European Conference Hervé Multon, SVP Strategy 1st June 2012 2 / Thales in a snapshot Revenues: 13bn EBIT: 749m Leading positions in Defence & Security and Aerospace & Transport 33% of FY11 orders

More information

Overview of the OECD work on transfer pricing

Overview of the OECD work on transfer pricing Overview of the OECD work on transfer pricing Written contribution to the Conference Alternative Methods of Taxation of Multinationals (13-14 June 2012, Helsinki, Finland) by Marlies de Ruiter, Head of

More information

Tsugio Yamamoto. Financial Institutions Business Unit / Government & Public Corporation Business Unit Business Strategy

Tsugio Yamamoto. Financial Institutions Business Unit / Government & Public Corporation Business Unit Business Strategy Financial Institutions Business Unit / Government & Public Corporation Business Unit Business Strategy Hitachi IR Day 2016 June 1, 2016 Tsugio Yamamoto CEO of Financial Institutions Business Unit CEO of

More information

Sales and orderintake at30 September2014. 23 October 2014

Sales and orderintake at30 September2014. 23 October 2014 Sales and orderintake at30 September2014 23 October 2014 2 / Recent events First B787-8 equippedwiththe latest generation AVANT IFEC system Watchkeeper deployed in Afghanistan Crown Creation of a joint

More information

The Global Outlook for Aluminium in Transportation

The Global Outlook for Aluminium in Transportation The Global Outlook for Aluminium in Transportation l What is the future of aluminium in the transportation sector? l What are the key trends and drivers in the industry? l What is the aluminium market

More information

GCC FM BRIEFING 2013

GCC FM BRIEFING 2013 GCC FM BRIEFING 2013 GROWTH IS RETURNING TO THE REGION Facilities Management (FM) is relatively new to the GCC market, having developed on the back of significant real estate and infrastructure investment

More information

Third quarter 2015. Vestas Wind Systems A/S. Copenhagen, 5 November 2015

Third quarter 2015. Vestas Wind Systems A/S. Copenhagen, 5 November 2015 Third quarter Vestas Wind Systems A/S Copenhagen, 5 November Disclaimer and cautionary statement This document contains forward-looking statements concerning Vestas financial condition, results of operations

More information

Raytheon and Vista Equity Partners form new cybersecurity company

Raytheon and Vista Equity Partners form new cybersecurity company Raytheon and Vista Equity Partners form new cybersecurity company Investor Presentation April 20, 2015 Dial In Number 866.825.3209 Domestic 617.213.8061 International Reservation Number: 48245306 Replay

More information

Philotech Your Engineering and Consulting Company Company Overview

Philotech Your Engineering and Consulting Company Company Overview Philotech Your Engineering and Consulting Company Company Overview Software Engineering, Systems Engineering, Support Engineering, Verification & Validation. Company.. the name Overview is our philosophy.

More information

Ferrari posted a record Q3 2015 performance

Ferrari posted a record Q3 2015 performance Ferrari posted a record Q3 2015 performance Shipments were 1,949 units, up 21% Net revenues were up 9% (3% at constant currencies) to Euro 723 million EBIT reached Euro 141 million, 610bps margin increase

More information