Energy management in Finmeccanica

Transcription

1 Energy management in Finmeccanica Mattia Cavanna Energy & Global Service Group Manager Venice, 19th October 2006

2 Finmeccanica Group Profile Italian leader in high technology Aeronautics, helicopters, space, defence, transport, energy & ICT Design, development and production Employees Subsidiaries (dir/ind) 100 (8+ countries) Consolidated turnover Bln R&D 1.7 Bln (15%REV) Listed on the Milan stock exchange since % capital held by the Italian Ministry of the Economy

3 Finmeccanica: Organisation and 2005 Reported Results 1,709 M Aeronautics Helicopters Space Defence Electronics DETAILS 17% 2,046 M 21% ALENIA AERONAUTICA OFFICINE AERONAVALI AERMACCHI ATR 2,490 M 6% AGUSTA WESTLAND 736 M 28% ALCATEL ALENIA SPACE TELESPAZIO 100% FNM Companies JVs Defence Systems 10% 1,154 M OTO MELARA WASS MBDA Transportation 10% 1,230 M SELEX SENSORS & AIRBORNE SYSTEMS SELEX COMMUNICATIONS SELEX SISTEMI INTEGRATI SELEX SERVICE MANAGEMENT SEICOS ORIZZONTE ELETTRONICA Energy 7% ANSALDO STS ANSALDO BREDA 3,324 M 772 M ANSALDO ENERGIA Revenues 11.5 bn EBIT Orders in Hand 32.1 bn EBIT Margin Order Intake 15.4 bn ROI 17.5% Employees 56,600 ROE 9.6% R&D 1.7 bn Market CAP (31/12/05) 735 mn 6.4% 7.0 bn

4 Finmeccanica: Group Employees FRANCE 3,478 U.K. 9,140 ASIA 278 U.S.A. 1,384 MEXICO 50 ITALY REST OF 41,100 EUROPE REST OF 654 THE WORLD 132 BRAZIL 42 AUSTRALIA 345 Finmeccanica Consolidated 2005: 56,600 (*) (*) Joint Venture employees are consolidated by the proportional integration method (MBDA, Alcatel Alenia Space, Telespazio)

5 MECFIN THE SHARED SERVICES COMPANY OF FINMECCANICA GROUP MECFIN Mission Purchasing/e-tools Real Estate & Property Management Energy Logistics Contribute to the improvement of Finmeccanica s performance in non-businesscritical areas EBIT increase and invested capital reduction Service level improvement Process optimization Environment Health Safety ICT Global Service 5

6 MECFIN GROUP ENERGY ORGANIZATION Energy Shared Services Mission To govern energy related costs, through centralized procurement, an efficient use of resources, leveraging Group assets, consistently with environmental regulation. Role Aggregating Group energy volumes and negotiating supply contracts Developing energy audits and monitoring the implementation of the detected efficiency actions Evaluating autoproduction opportunities either from traditional or renewable sources Monitoring consumption and spend through telemetering and bill auditing process 6

7 CHANGE DRIVERS To conveniently face opportunities and risks deriving from significant and rapid fuel price increases, energy markets complexity, technological evolution and higher environmental standards, Finmeccanica decided to enforce the Group governance on energy spend International Oil Price dynamics (WTI - $/barrel) 2 National Energy Industry Liberalization (electricity & gas) 60 Produttori % Autorità Energia Elettrica Gas Acquirente Unico Società di distribuzione BORSA dell EE Gestore del Mercato (Certificates ) GRTN Soc.Vendita/ Grossisti Contratti bilaterali EO Clienti vincolati Clienti idonei West Texas Intermediate (historical prices) Source: Dow Jones & Co 80 Indici di prezzo mercato elettrico italiano ,09 62, ,56 61, ,06 41,21 39, ,14 36, % Gen Feb Mar Mag Giu Ott Nov Dic Gen Feb Mar Mag Giu Ott Nov Dic Gen Feb Mar Mag Giu Ott Nov Dic Fonte: AEEG, Indici CT e PC 44,15 83,91 53,18 7 Green Paper UE Incumbent companies unbundling New Players (Traders, Gencos) Italian Power Exchange Price volatility Offer/contractual complexity increase New Environmental regulation (Kyoto) Technological evolution (efficiency)

8 GROUP ENERGY SPEND Finmeccanica spends ar 70 MIO per year in energy, with overall consumption of ar 550GWh (elec.) and 50MioCM (gas), 40% of which coming from 2 major companies and 10 major sites. Energy spend accounts for 0,7% of Revenues. FNM Italian sites map Energy consumption per region (%, 2004) Companies energy spend (k, 2004) Italian and UK sites 18% Torino: GA ALA ALASP ASF Lombardia Varese: AG ARM Milano: GA AE ALASP Como: TSP Brescia: OTO 2% Friuli Venezia Giulia Alenia Aeronautica Agusta Aermacchi 10% Piemonte 13% Liguria 3% Toscana 16% Lazio Genova: WASS SELEX SI ATSF AE ASF OTE La Spezia: MBDA SELEX SI OTO Livorno: WASS Pisa: SELEX SI OTE Roma: ALASP MBDA SELEX SI OTE ELT GA ALASP TSP Siena: Venezia: OAN Pistoia: AB Firenze: GA OTE ALASP Perugia: Latina: 20% Campania Arezzo: Gorizia: GA Napoli: ASF ALA WASS ATSF AB MBDA OAN SELEX SI Palermo: GA AB TSP 7% Abruzzo L Aquila: GA TSP ALASP Frosinone: AG Benevento: AG Catania: Matera: TSP Foggia: ALA Potenza: ASF Taranto: SELEX SI Reggio Calabria: AB Brindisi: OAN AG 1% Calabria Selex SAS Ansaldobreda Ansaldo Energia Telespazio Oto Melara Alcatel Alenia Space Officine Aeronavali VE 8 Selex SI Selex Comms Elsag Elettronica Ansaldo Segn. Ferroviario Wass Ote Finmeccanica Elsag BankLab Elsacom EE 2004 (k ) GAS 2004 (k ) 17% UK practice 20 Companies 76 sites Electricity: 550 GWh/y Gas: 56 MiO smc/y

9 ROADMAP BENEFICI, COMPLESSITA IMPLEMENTATIVA MODELLO DI E.M. ROLL-OUT EFFICIENZA ENERGETICA SUB-METERING INDAGINE AUTOPRODUZIONE ENERGY COMMUNITY ENERGIA-AMBIENTE NEGOZIAZIONE CONTRATTI 2006 AGGREGAZIONE DOMANDA NEGOZIAZIONE CONTRATTI 2004 PILOTI EFFICIENZA ENERGETICA NEGOZIAZIONE CONTRATTI 2005 TRADING ENERGIA AUTOPRODUZIONE (?) DUAL-FUEL UTILIZZO FONTI ALTERNATIVE (IDROGENO...) ENERGY AS USUAL FULL ENERGY MANAGEMENT

10 ITALIAN ENERGY MARKET TRENDS ELECTRICITY PRICES INDEX (CT) GAS PRICES INDEX (12.1.1) 70,0 65,0 60,0 55,0 50,0 45,0 40,0 35,0 39,8 36,5 36,5 +17,6% 40,1 41,2 41,2 44,2 +40,6% 53,2 60,9 63,5 62,6 61,0 5 4,5 4 3,5 3 2,5 2,42 2,29 2,25 2,33 +26,0% +41,3% 3,71 3,46 3,19 2,95 2,79 2,62 2,52 2,46 2,36 3,99 4,17 4,32 4,38 30,0 Gen Feb Mar Mag Giu Ott Nov Dic Gen Feb Mar Mag Giu Ott Nov Dic Gen Feb Mar Mag Giu Ott Nov Dic G en F eb M ar M ag G iu O tt N ov D ic G en F eb M ar M ag G iu O tt N ov D ic G en F eb M ar M ag G iu O tt N ov D ic Il parametro Ct è il costo unitario variabile riconosciuto dell energia elettrica prodotta da impianti termoelettrici che utilizzano combustibili fossili commerciali, di cui al comma 6.5, della deliberazione n. 70/97 L indice AEEG/Confindustria si riferisce ad uno specifico paniere energetico contenente determinate commodities petrolifere, variabili nel tempo, il cui andamento determina quello dell indice. Source: Autorità Energia Elettrica e Gas 10

11 OPE OF DEMAND MANAGEMENT ACTIVITIES Auxiliary systems Compressed air Primary energy Hot water Production systems CONDITIONING ELE WATER FUELS HEATING ELE.TRANSFORMATION ELE.PRODUCTION Steam Cold water Light LIGHT HP SUPPLY OPE DEMAND OPE 11

12 Energy Demand: efficiency projects Over 52% of the Group energy demand was monitored so far through 14 Energy Audits. Typical energy efficiency projects Efficiency Plan Key figures Systems Resizing Substitution (components, systems) Re-cycle/By-pass Re-setting Automatic sensors/controls Insulation Processes 14 Energy Audits completed 9 Companies audited ar 52% of Group energy demand audited From 10 to 25% energy saving potential 75% of measures with payback < 2,5 yrs 20+ Energy Audits planned for % of Baseline to be audited before 2008 Min 10% efficiency gain Payback ar. 3 years 12

13 Global Service Definition A Global Service contract is a performance-based outsourcing contract with a single qualified operator in charge of maintaining Companies assets (buildings, plants, ITinfrastructures, ). Wider Perimeter Building Engineering Services & Fabric Maintenance Cleaning Waste Management Catering Benefits The single contractor (Global Service provider) model typically enables: Stronger companies focus on core business Cost saving (from fixed to variable costs) Service efficiency improvement (SLA/KPIs) One single counterpart Global service Security Office services (mail, reception, porters) Landscaping & Ground maintenance Test and measure-ment equipment management Energy mgmt.

14 GRAZIE Mattia Cavanna Energy & Global Service Group Manager