SKF Industrial Market. Strategic Industries

Transcription

1 SKF Industrial Market Strategic Industries

2 Agenda Henrik Lange, President Strategic Industries Kent Viitanen, Director Renewable Energy Stephane Le-Mounier, Director Aerospace

3 SKF focus on Renewable Energy SKF Renewable Energy Wind Energy Ocean Energy Solar Energy Wind turbine Wind gearbox Wind generator PV Solar Concentrators CPV Solar Wind aftermarket Wave Energy Tidal Energy

4 Renewable Energy Overview 2011 Achievement 2012 Outlook Long term high growth industry, with some slowdown in Historically largely an OEM business, but as windfarms start to come out of warranty periods we see an emerging aftermarket SKF strongly involved with 80% of the leading players Technically challenging industry with a good match to SKF capabilities and global footprint to support localisation Strengthened position in large size turbines through close cooperation with leading wind turbine manufacturers Developed several new products for wind First SKF product launch for solar tracking solutions Continued to strengthen SKF s position in wind monitoring Launch of SKF spare part kits Strong break in production following China market collapse Recovery in Europe Positive start in US, but outstanding decision for PTC creates uncertainties for late 2012 and beginning 2013 China growth lower but expected to improve in second half Continued trend towards larger turbines Continued geographical expansion of the industry More turbines come out of warranty opening up for aftermarket Energy 13%

5 Regional development in numbers Source BTM March 2012 Installations by region 70,000 60,000 CAGR ,000 40,000 MW 30,000 20,000 10, Source: BTM Consult - A Part of Navigant - March 2012 Europe Americas Asia Rest of World Existing

6 Installed capacity mainly WTG <2.5 MW Major growth will be WTG >2.6 MW (Europe) Development per size range 7% 4% Main size classes of turbines > 3.5 MW Mainly WTG for offshore use Dominated by Europe for the next ten years. USA and China follow on lower level High growth, but low volume 48% % MW Commonly used offshore New generation of onshore WTG Low volumes, but strong growth in mature markets Not in emerging markets yet 10% 20% MW High volumes in established markets Growing trend in emerging markets Growing globally 26% 2014 FC 1.5 MW High volumes in emerging markets Declining trend in established markets Globally declining 44%

7 The Renewable Business Unit - A holistic business responsibility Full life cycle Responsible for all functions Sourcing Manufacturing Marketing Sales Engineering Development HR Controlling Quality Demand Chain All sub-segments Global

8 The Renewable Business Unit Target Picture We support SKF Care and BeyondZero by making renewable energy more competitive Develop business above industry average profit levels We are the first choice and market leader in both OEM and AM through a full life cycle offer We provide the best value for money through service, delivery, technology and quality leadership in the market We are a global and regional leader in renewable segments with focus also on emerging segment

9 Strategy Improve current business Grow and innovate for the future New customer acquisition in wind O&M Customer partnerships and expanded shares at leading customers Develop business in emerging markets Continue to improve our footprint balance Cost reductions through Integrated Cost Reductions and Business Excellence Improve asset management Develop our aftermarket and life cycle offers Technology partnerships Take asset management into wind O&M Develop our business and technology in emerging industries Invest in people in front line, engineering and project management Effective portfolio management

10 Product development based on market needs Outside -> In!! Providing customer value through new developments Information Analysis Insights Wind energy market Service Engineered Solution Design SKF Convert market challenges into new developments Integrate knowledge based on full asset life cycle from different functions and platforms

11 Share of the average O&M spend Operator s average O&M spend by component Share of total O&M spend in % 10% 3% 37% 12% 4% 3% 4% 4% 1% 7% 15% Other (cranes, etc.) 20% Wage & salary based labor 1 28% Parts repair & replacement 2 52% Rotor Mainshaft Gearbox Generator Brakes Misc Site operation Yaw Electrical Controls Consumables Note: Based on a calculation scheme of a generic" 60MW wind park (avg. turbine size 2MW, variable speed, electric pitch, 80m tower), combining multi-year expenditure & service logs from operating wind farms, publ. case studies, manufacturer publications and expert estimates 1 Including internal / external technicians (e.g. for inspection), site manager; unspecified labor allocated according to repair costs 2 End-customer view; including additional labor by OES / ISP; Source: Project Team, NREL, Oliver Wyman O&M Market model QSF SKF Wind OM Strategy Detailing-CTC_v4.ppt

12 Examples of SKF products and services for wind New CRB-design with extra-high carrying capacity (2006) + new (2010) separable version Remote monitoring & failure analysis of wind farms (2007) Nautilus range extension with a range of additional customized features (2012) WindCon 3.0/WebCon for early detection of mechanical failures (2008) Black-oxidized gearbox bearings for improved run-in performance (2010) Wind-gearbox refurbishment kits (2011) Reinforced rubber sealing solutions for windturbines (2011) XL Hybrid bearings with ceramic balls for superior insulation of wind-generators (2007) Automatic centralized lubrication kits for reduced maintenance costs (2007)