Alstom and Ecotècnia

Alstom and Ecotècnia
June 2008
Agenda
ALSTOM Today
Power: Power Systems, Power Services
Alstom and Ecotècnia
P2
The Group
Two main activities, three sectors
Power
Service
21.6%
28.4%
4.1 € bn
50%
Transport
5 4 € bn
5.4
Power
Systems
9.5 € bn
Total orders 2006/07:
€19 bn
P3
The Group
A major international presence
Orders by region
Europe
(60%)
North America
(17%)
Asia-Pacific
Asia
Pacific
(12%)
Africa-Middle
Af
i Middl East
E t
(5%)
South America
(6%)
Power Systems
P4
Power Service
Transport
The Group
More than 65,000 employees in over 70 countries
Employees
by sector
Power Systems
34%
Employees
by region
Transport
38%
Power Service
28%
Recruitment of 8,700 employees in 2006/07
P5
The Group
A healthy financial position
Operating income (€ m)*
Sales (€ bn)*
+ 14%
Net income (€ m)
+ 40% 957
448
14.2
12.4
686
178
2005/06
2006/07
2005/06
2006/07
2005/06
2006/07
Net debt / Shareholders’ equity (€ bn)*
22
2.27
1.84
N td
Net
debt
bt /
Shareholders’
equity 68%
1.25
Net debt /
Shareholders’
equity 3%
0.06
1/4/06
31/3/07
Shareholders’ equity (€ bn)
P6
1/4/06
31/3/07
Net debt (€ bn)
*At same perimeter and
constant exchange rates
The Group
The second best performance on the CAC 40
Base 100 on 1 April 2006
In Euros
120
+58%
58%
110
100
90
80
70
60
50
P7
Alstom
CAC 40
+13
The Group
Innovative technologies
Preparation for the future
z Significant increase in R&D
expenditure
dit
in
i 2006/07 (440 million
illi
euros, + 26%)
z Cutting-edge technological
programmes
- Power Systems: launch of pilot
plants for CO2 capture,..
- Power Service: development of
robotics
- Transport: world speed record in
rail, AGV, ERTMS,..
P8
The Group
Environment at the root of the strategy
Environment is the main driver for Alstom
z Clean Power challenge
z Environmental benefits of
rail transport
P9
The Group
Employees at the core of Alstom’s commitments
z Shared Values: Team, Trust, Action
z Safety as a priority
z Large scale human resources policy
for recruitment, integration and
training (People Quest, Alstom
University, Alstom Connection,…)
z Social dialogue
P 10
An ethical and sustainable growth model
z Strict ethical principles
z Cl
Cleaner production
d ti off more
sustainable products
z Responsible sourcing policy
P 11
POWER
Power Systems
Power Service
Agenda
ALSTOM Today
Power: Power Systems, Power Services
Alstom and Ecotècnia
P 13
Power
Present in all markets
Technologies adapted to all major energy sources
Gas
Hydro
P 14
Coal
Nuclear (conventional part)
Wind
The most extensive product offering
Product portfolio compared with competition
Large
GT
Large
ST
Boilers
Genera
tors
HRSG
HEX
ECS
Renewable
Hydro
Wind
Alstom
Comp. 1
Comp. 2
Comp. 3
Strong presence
P 15
Medium presence
No presence
Nuclea
rConv.
Island
Plant
Alstom and Ecotècnia
Sector: Evolución y tamaño del Mercado
Mercado Español
Mercado mundial
1996 - 2007
1996 - 2007
16.000
100.000
14.000
90.000
80 000
80.000
70.000
10.000
60.000
MW
Potencia (MW)
P
12.000
8.000
50.000
6.000
40.000
4.000
30.000
20.000
2.000
10.000
0
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Añ
Año
0
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Año
P 17
. CAGR = 38 %
. CAGR = 28 %
V l
Volumen
iinversión
ió (2
(2.007)
007)
V l
Volumen
iinversión
ió (2
(2.007)
007)
= 2.650.000.000 €/año
= 25.000.000.000 €/año
Crecimiento sostenido
Sector: Perspectivas Mercado Mundial
Cumulative Global Wind Power Development
Actual 1990
1990-2006
2006 Forecast 2007
2007-2011
2011 Prediction 2012
2012-2016
2016
500,000
450,000
400,000
350,000
MW
300,000
250,000
200,000
150,000
100,000
50,000
0
1990
2006
Source: BTM Consult ApS - March 2007
P 18
Prediction
2011
Forecast
Crecimiento exponencial
2016
Existing capacity
Growing Regulatory Support for Renewables
Canada
Europe
China
4GW by 2010
20% of primary energy (from
< 7% today) - binding target
Equivalent to 35% of
electricity consumption in
2020
15% of primary energy in 2020
• Renewable energy production
standards
t d d iin almost
l
t every province
i
US
Obligation to generate min.
electricity: Renewable
Portfolio Standard in over
20 States
• Tradable RPS: 20% in California
(2010) 20% in Nevada (2015) 25%
in New York State (2013) 22.5% in
New Jersey (2020)
• Federal tax incentive (PTC):
$1.9c/kWh Tax Credit
P 19
• Guaranteed tariffs in 18 countries
such as Germany,
Germany Spain
Spain, France
• Tradable certificates in 6 countries
such as the UK or Italy
• National tax incentives schemes
• Guaranteed off take for wind
• Guaranteed tariffs under discussion
India
7 GW by
y 2012
• State-level program with feed-in tariffs
• Renewable Portfolio Standards
Sector: Perspectivas Mercado Español
Contribución actual al Mix de generación (2.007) Æ
Objetivos 2.020:
9,5 %
Contribución al Mix = 20
%
Potencia instalada Æ 40.000 MW
Inversión asociada 2.008 - 2.020 Æ 33.500.000.000 €
P 20
Directiva Europea de Renovables: 20-20-20 en 2.020
Wind can already be cost competitive
Cost of electricity
(€/ MWh)
90
80
70
60
50
40
30
20
10
0
Coal
Gas
Source: Alstom analysis, Windpower Monthly 2007
P 21
Nuclear
Wind
2006
Wind
2015
Ecotècnia. A history of success
Main figures. Wind turbines installed since 1984
77 units
150kW - ECOTECNIA 20
12 MW
145 units
225kW - ECOTECNIA 28
33 MW
182 units
640kW - ECOTECNIA 44
115 MW
450 units
750kW - ECOTECNIA 48
333 MW
13 units
1.250kW - ECOTECNIA 62
17 MW
431 units
1.670kW - ECOTECNIA 74
720 MW
187 units
1.670kW - ECOTECNIA 80
312 MW
1 unit
2.000kW - ECOTECNIA 80
2 MW
Total 1,486 wind turbines installed
1,543 MW
T t l 184 wind
Total
i d turbines
t bi
under
d construction
t
ti and
d 321 MW
P 22
As at 31/12/2007
Evolución tecnológica
Potencia x 100
Superfície de rótor x 70
Fixed speed and stall control
P 23
Variable speed and pitch
control
ECO 100: Magnitudes
140 m
ECOTECNIA 100 / 3MW
DIÁMETRO ROTOR
100 m
TORRE
90 m
ALTURA CON PALA
140 m
PESO
500 T
Ø CIMENTACIÓN
18 m
P 24
ECO 100: Magnitudes
Ecotècnia 100
100 m
Airbus 380
P 25
Current Footprint
Alstom Wind
• ~ €400M sales in ’07
07 (350MW
(350MW, 220
units)
− 50% Spain, rest in Southern Europe
− 90% Wind (WTG & O&M & Devel.)
− 10% Solar PV
• nearly 850 people as of December '07
• Closing: 31st October ‘07
• 5 factories in Spain:
–
–
–
–
Assembly
A
bl WTG
WTG: Buñuel,
B
l Somosas
S
Ctrl Panel Assembly: Rio del Pozo
Tower Manufacturing: Coreses
Solar Panels: Pla de Santa Maria
• Sales
S l offices
ffi
iin F
France, It
Italy
l and
d
Portugal
• Sourcing: Spain & Germany
Ready to grow within Alstom
P 26
Current Footprint Illustration
TOWERS
Altamira Plant
(Zamora)
P 27
COMPONENT
ASSEMBLY
CONTROL
SYSTEM
Somozas Plant
(Galicia)
Rio del
Pozo(Galicia)
WIND TURBINE ASSEMBLY
Buñuel Plant (Navarra)
Expertise across the Entire Value Chain
Site
Developm
ent
• Land
localization
• Wind
Measurement
• Land lease
agreements
• Complete
permitting
Spain and
France
P 28
System
y
Design
• From
conceptual
design to
detailed design
of WTG
(Functional
specifications
for components)
Barcelona
Key
component
Design and
manufacturi
ng
• Component
design
• Sourcing/
Procurement
raw material
• Component
Manufacturing
& Assembly
Towers: Coreses
WTG
Assembly
WTG site
installation
• Sourcing/
Procurement of
components
• Assembly
•
•
•
•
Transportation
Civil
Erection
Commissioning
Bunuel 5WTG/
week
Somosas: Bloc 2
+ Extenders
Installation team
in Barcelona
O&M
• Preventive &
Corrective
maintenance
• Parts delivery
• Upgrade packs
O&M Teams in
Europe
Wind O&M
Current Business:
• Annual sales: 10-20M€
g
• Offering:
− O&M Contracts during warranty period
− Extensions beyond warranty period
• Team of 183 people in Spain and France
• Ensures highest reliability to customer
P 29
Wind farm development
Current Business:
• Annual Sales: 5-20M€
g
• Offering:
− Site identification and assessment
− Grid connection permits
− Complete Permitting
• Team of 20 people in France and Spain
• New Product Introduction accelerator
P 30
Solar photovoltaic
Current Business:
• Sales:
S l
~40M€
40M€ in
i S
Spain
i
• Offering:
− Assembly of solar modules (manufactured
by Solon)
− Trackers and roof mounted panels
− Off-grid
Off grid hybrid systems for rural remote
electrification
− Ciclops: electronic equipment (chargers &
i
inverters)
t )
− Turnkey solar farm – 0.5 to 10MW
− O&M for solar farms
• Team of 54 people in Spain
P 31
Ecotècnia. A history of success
2003 - Ecotècnia headquarters in Barcelona
P 32
www.alstom.com