Christophe Schmitt EVP Faurecia Emissions Control Technologies

Transcription

Faurecia Emissions Control Technologies
Christophe Schmitt
EVP
Investor day • November 25, 2013
FECT is the world market leader in emissions control
€6.1bn
€3.2bn
19,800
79
7
22
Total sales 2012
Product sales
Employees
Sites
R&D centers
Countries
FECT is number 1 in emissions control
 Widest geographical presence
for manufacturing and engineering
 Large portfolio of products and technologies
for every type of vehicle and engine
 Global program management
25% market share
North
America
Property of Faurecia - Duplication prohibited
1 R&D center
10 plants
2 JIT
South
America
1 R&D center
3 plants
6 JIT
Europe
2 R&D centers
19 plants
16 JIT
Asia
3 R&D centers
18 plants
5 JIT
Complete lines
11m parts/year
Manifolds
4m parts/year
Catalytic converters
23m parts/year
Commercial vehicles
0.5m parts/year
Diesel particulate filter
3m parts/year
Mufflers
20m parts/year
2
Building the world technology & market leader
in emissions control
Key facts
Product sales / Total sales (€m)
6.2
Sales more than tripled between 2009 and 2013
Emcon acquisition in 01/2010
Entered CVE market through Emcon
Number of programs, launches and plants doubled vs 2009
79
109
220




# Programs
09
10
11
13
09
10
11
12
# Plants
13
09
10
11
12
13
First on market with superior technologies
1.8
Induction
Brazing
1.0
Exhaust Heat
BlueBox
Recovery Manifold Multiple new contracts in 2013
3.3
2009
12
# Launches
2010
Total sales
2011
2012
2013e
Product sales
CAGR 2009 – 2013 at 37%, including Emcon acquisition but also remarkable
organic growth from 2010 with CAGR 10 %
3
Favorable market environment
Global emissions control market (€bn)
5.0
CVE
The world market for emissions
control will grow with CAGR 5%
from 2012 to 2020

Commercial vehicle market (CVE)
is growing at more than double
the pace of light vehicle (LVE)

The key market driver is the global
implementation of more stringent
emissions legislation, leading
to a growth in the number, and
value of, after-treatment systems

China represents the highest growth
area with double-digit CAGR
CAGR 10%
2.4
15.4
LVE

CAGR 4%
11.7
2012
2020
without monoliths
4
Strong & balanced customer portfolio
Product sales by customer
2013
around €3.3bn*
CVE
€ 200m
2016
> €4.0bn*
CVE
€450m
Ford
7%
Ford
11%
19%
Others
27%
18%
8%
Chrysler
VW
Others
Chrysler
9% 12%
PSA
VW
GM
GM
Hyundai
PSA
CAGR CVE > 20% and will double sales by 2016
Hyundai to enter top 5 clients by 2016
*Product sales: total sales excluding tooling, prototype and monoliths sales
5
Perfectly balanced regional portfolio by 2016
Product sales by region
2013
2016
Asia
Europe
23%
37%
Asia
double digit CAGR
CAGR
>5%
Europe
around 3 % CAGR
29%
40%
Americas
33%
38%
Americas
around 4% CAGR
Asia to remain the fastest growing region
Portfolio will be perfectly balanced by 2016
6
Competitive landscape well structured
2012 light vehicles
(by value, excluding monoliths)
2012 commercial vehicles
(by value, excluding monoliths)
Others
Eberspächer
(with Swenox)
Others
25%
Japan /
Korea
Tier 1
FECT
€12bn
Tenneco
Katcon
Bosal
Eberspächer
Magneti Benteler Boysen
Marelli
€2.4bn
Amalcaburio
Sango
Tuper
Cortubi
Donaldson
Roth
22%
22%
FECT / Cummins
Tenneco
Faurecia, Tenneco and Eberspächer are the only true global LVE / CVE players
With one third of the LVE market being captured by Japanese / Korean suppliers with traditionally
exclusive customer relationships the rest of the market remains concentrated around few players
7
Strategic Direction
Operational performance, new markets
and higher value products as key drivers
2013
Around €3.3bn
Product sales

OM around 3%
of total sales

OM around 5%
of product sales

ROCE 17%
2016
Increase operational performance



Standardization in products & processes
Adapt and specialize footprint in Europe
Accelerate operational improvement
in North America
Leverage high growth markets
Market

€6.2bn
Total sales
Products

Operations
Strategic Path


Commercial vehicles (On / Off highway)
Further leverage Asia potential
and Asian OEMs
Increase FECT value-added in exhaust line
through higher margin products



Emissions control
Acoustic management
Energy recovery

> €7.5bn
Total sales

> €4.0bn
Product sales

OM above 4%
of total sales

OM above 7%
of product sales

ROCE around 25%
8
Operations
Leverage our size and optimize industrial
supply chain and R&D
Target FECT
Process & product
standardization
Current FECT
FECT / Emcon
LOW
20%
R&D / programs
HIGH


2010
2013
50%
+10 pts
of assets
utilization
rate
2016
100%
D&D efficiency improvement (LCC, method tools…)
Leverage our global D&D program resources
+1.5 pts OM
Plant specialization,
lean manufacturing
& supply chain


Our global size enables plant and supply chain specialization /
optimization (hot end, cold end, techno / JIT best allocation)
Lean Faurecia Excellence System (FES) in plants
9
Operations
Adapt and specialize footprint in Europe
Regional technoplant footprint
Fradley
Finnentrop
Roermond
Cape Town
Trabitz
Messei
Port Elizabeth
Product sales (€bn)
Herrenberg
Beaulieu
Bakov
Mlada
Pisek
Augsburg
Jasza
Craiova
Vigo
Pamplona
CAGR ~3 %
1.2
Terni
1.3
Braganca
Kocaeli
European improvement plan launched
 Highly specialized plants & leverage footprint
 Lean and standardized JIT/JIS plants
 Best-fit automated operations
 Align supply value chain with footprint
2013
2014
2015
2016
10
Operations
Accelerate operational improvement
in North America
Product sales (€bn)
Taylor
Gladstone LVE, CVE
Louisville
Dexter
Troy
Franklin
Spartanburg
Hermosillo
Silao
1.1
CAGR ~6 %
1.3
Queretaro
R&D and industrial footprint synergies completed
 4 out of 5 loss making plants fixed in 2013,
1 in progress for 2014
 Accelerate operational improvement
in North America, focus on execution
 New organization in place (Mexico, USA)

2013
2014
2015
2016
11
Market
Leverage commercial vehicle market
for profitable growth
CVE vehicles
Volume growth (million units)
CVE exhaust systems
Market value (€bn)
without monoliths
CAGR 3 %
8.5
9.2
7.2
CAGR 10 %
5.0
4.2
Off-road
Off-road
2.4
On-road
2012
2017
On-road
2012
2020
CVE production (>3.5t) is estimated
to grow up to 9.2 million units by 2020
2017
2020
The CVE exhaust system market will double in value
by 2020, growing 3x faster than production
The over-proportional value increase for exhaust systems in commercial vehicles
is driven by increased technical requirements through emission legislation
Source: PSR, FECT
12
Market
North America, Europe and China
as key drivers of growth in CVE market
FECT CVE
Product sales (€m)
CAGR ~30%
North America
 Leverage partnership with Cummins to boost
market share
 Benefit from increased off-highway
after treatment systems value through Tier 4
final regulation introduction
450
210
2013
2014
2015
2016
Europe
 Launch new Euro VI on-highway systems
with Cummins addressing major EU truck customers
 Leverage stage IV off-highway regulation in EU
China
 China launch of NS4 regulation on-highway
 Leverage strong LVE position (footprint,
supply chain, R&D center) to engineer market
leadership position in CVE
 On track to establish enabling partnerships
with the key Chinese players
13
Market
Asia: Continue our success in China and leverage
Asian customers global development
Product Sales in Asia
2013
Changchun
Beijing
Chongqing
Asean
India 2%
India 3%
4%
Jangan
Yantai
Qingdao
Wuhan
Asean 2%
2016
Youngcheon
Shanghai
Korea
32%
Cixi
€0.75bn
64%
China
Korea
25%
€1.1bn
68%
China
Foshan
Pune
Chenai
Rayong

Double digit CAGR sales growth for FECT in Asia

Excellent position in China emission control market,
leveraging footprint, supply chain and R&D centers

China dominant in growth, driven by implementation
of more stringent emission legislation as well as total
market growth

Strong position with Hyundai in Korea

Significant business with Japanese OEMs
on a global basis
Top 3 Sales
Asia OEM (€m)
FECT China
market share*
280
220
150
70 80
Hyundai
Toyota
2013
50
26%
30% FECT
Local Chinese
2013
2016
2016
*LVE
and CVE emission control
14
Products
Environmental performance as clear
driver for after treatment system technologies
CO2
Strict CO2 reduction targets drive
after treatment system technologies
to support improved fuel consumption
 Lightweight structures
 Energy recovery from exhaust heat
mg/km
200
Diesel European NOx emissions standards for passenger cars
250
Euro 4
Real Driving Emissions on NOx
Euro 5
160
EUR
180
180
NOx
RDE
160
140
120
120
100
80
80
80
Euro 6.b
60
2005
2010
 Ultra high efficient SCR systems
80
Euro 6.c
2015
60
2020
Implementation of Real Driving Emissions
(RDE) test cycle as main driver
for increased efficiency needs
for after treatment systems
2025
Time
Time
(year)
(year)
 Exhaust gas recirculation systems (EGR)
15
Products
Technology roadmap is addressing
future emissions legislation requirements
Product & Technology roadmap
2013
2015
2017
SCR(1) BlueBox
SCR(1) Gen I
2020
ASDS (3)
GPF (2)
Emissions reduction
Actuated valve Gen1B
EDST (4)
Noise dampers
Acoustic Performance
Brazed cold end
LW cold end
Brazed hot end
Weight reduction
EHRM (5)
Compact EHRS (6)
Rankine
Energy recovery
(1)
(2)
(3)
Selective Catalytic Reduction BlueBox & variants
Gasoline Particulate Filter
Ammonia Storage and Delivery System
(4)
(5)
(6)
Exhaust Dynamic Sound Technologies
Exhaust Heat Recovery Manifold
Exhaust Heat Recovery System
16
Products
New technologies enable value increase
in product portfolio
CORE
Manifold,
Maniverter
DOC, DPF, LP-EGR,
SCR, Urea, Ammonia
Exhaust Heat
Recovery System
Flex
Pipe, Muffler, Valve
Value
€150
to
€200
~35€
NEW
Value
€400
to
€800
~30€
Rankine sys.
~335€
TEG sys.
~300€
Sensors
EGR valve
Adblue storage /
dispensing /
dosing system
Emissions control
~50€
Valve
Valve actuator
TEG modules
~200€
Pump
Expander
Condenser
Electronic &
Sensors
Energy recovery
Sales
growth
for FECT
in line
with
market
~85€
€1bn sales
for FECT
in 2020
EDST Hardware,
Software and
Algorithm
Advanced acoustics
From mechanic to electromechanic, electronics and software
17
Steady growth driven by regulation and technology
and improving profitability
Current Situation
 Market & technology leadership position engineered
 Favorable environment forward
 Current operating margin around 3% of total sales and around 5% of product sales
Strategic levers
 Operational improvement plan launched in Europe, benchmark operations
in North America
 Commercial vehicle growth
 Asian growth
 Value up through technologies
2016 vision
 Above 5% CAGR leading to total sales above €7.4bn
 Operating margin above 4% of total sales and 7% of product sales
 ROCE around 25%
18

Christophe Schmitt EVP Faurecia Emissions Control Technologies

Transcription

Similar documents

faurecia

eMag - myFaurecia

eMag - myFaurecia

North America

McGuffey`s 3rd Reader - Eclectic Education Series

Production to begin on new Cadillac luxury crossover

Publication - myFaurecia

PDF

N L F 3

Annonce S1

eMag - myFaurecia

U.S. healthcare - HCA Investor Center

PDF – 36″ x 34

Growing in a Bigger Playing Field

New laser regulations

2015 activity report

Accudraft 3000 Prep Station

1 Technology Highlights

Press Kit - Faurecia

Press kit - Faurecia

Exhibit A - Faurecia

2014 Registration document