Montevideo, May 2014 NORDEX CORPORATE PRESENTATION

Transcription

1 Montevideo, May 2014 NORDEX CORPORATE PRESENTATION

2 CONTENT 1. Profile 2. Products 3. Service 4. Financials & outlook 2

3 NORDEX COMPANY PROFILE Nordex at a glance Installed capacity [>10 GW]! Global manufacturer of wind energy systems with a focus on turbines in the Multi-MW class (2.4/2.5/3.0/3.3 MW)! Most extensive and consistent use of platform technology in the industry; variants for different wind and climate conditions leveraging shared components! Main production sites in Germany (Rostock blades and nacelles) and global sales and service network! Headquartered in Germany (Hamburg)! Listed company in the German TecDax! Main shareholder Skion/momentum (22.79%), rest is freefloat 1! ~2,500 employees! Track record as of 3/2014: 5,700 turbines with >10 GW in 38 countries worldwide 1 On the basis of mn shares, as of Nov Europe 59% Mid-size (1.3/1.5 MW) 25% Americas 7% Asia 10% Small (<1.0 MW) 8% Region Segment Africa 1% Germany 23% MMW Class ( MW) (3.0/3.3 MW) 67% 3

4 WELL ESTABLISHED GLOBAL MARKET PRESENCE WITH CENTRALIZED PRODUCTION IN GERMANY Production and sales network Chicago Hamburg Kolding Uppsala Oslo Helsinki Rostock (Nacelles, Blades) Manchester Dublin Beijing Bucharest Islamabad Warsaw Barcelona Porto Paris Cape Town Roma Istanbul Headquarters Production Site Subsidiaries Countries with Nordex turbines installed/ in installation 4

5 ACTIVITIES: GLOBAL / AMERICAS TARGET MARKETS IN THE AMERICAS Target Markets Canada U.S.A. NX Americas Headquarters NX South America Office Service Organization Americas Target Market Plans " First installation in target markets in South America in 2013 (Uruguay) " Create service organization near contracted projects (Uruguay) " Contract local suppliers of installation, domestic transportation, and maintenance services (Uruguay) " Open new office in South America in 2014 (Chile) " First installation in second target markets in South America in 2014 (Chile) Mexico Puerto Rico Target Market Presence and Activity Honduras Costa Rica Columbia Ecuador MW Installed 1 MW under Construction 1 MW under Development 1 Peru USA 673 MW > 200 MW 1,500 MW Canada 26 MW HQ Uruguay 117 MW Target Chile Uruguay Honduras 300 MW Potential Columbia 19.5 MW Chile 70 MW 1"" as of Apr 2013

6 NORDEX SCOPE OF SUPPLY Turbine Delivery Civil Works Electrical Infrastructure Installation & Commissioning Hand over Service Wind Farm System Planning Production and Technical Implementation Wind Farm Operations Service and Maintenance! Review customer micro-site planning! Support customers (co-development) to receive approvals and to optimise park layouts! Assemble WTG! Produce selected components! Install onsite! Carry out initial operation! Offer additional services: increased demand due to new wind farm investors interested in stable cash flows! ~3,000 turbines currently under Nordex service! Full service contract offerings up to 10+5 years Core Business 6

7 NORDEX: TRACK RECORD IN WIND TURBINE BUSINESS Units installed Turbine type Units installed (no.) First installation (year) Sub-MW 1, MW-class (1,0 1,5 MW) 1, MMW-class (2,3 2,5 MW) 2, MW-class (3,0 3,3 MW) Total 5,700 As of March

8 CONTENT 1. Profile 2. Products 3. Service 4. Financials & outlook 8

9 THE NORDEX 2.4/2.5 MW CLASS Current platform (Gamma & Delta Generation) Gamma Generation Capacity Swept area Certified for N90/ MW 6,362 m 2 IEC I N100/ MW (+23%) 7,823 m 2 IEC II N117/ MW (+37%) 10,715 m 2 IEC III Delta Generation Capacity Swept area Certified for N100/3300 (+32%) 3.3 MW (+23%) 7,823 m 2 IEC I N117/3000 (+20%) 3.0 MW (+37%) 10,715 m 2 IEC II N131/3000 (+25%) 3.0 MW (+26%) 13,478 m 2 IEC III 9

10 N117/2400 news update February 2011: Nordex launched N117/2400, the world s first Multi-Megawatt light wind specialist WTG December 2011: Installation of the first turbine on time Within 2012: Confirmation of key performance characteristics in the field July 2013: N117/2400 fully IEC type certified ahead of schedule In 2013: Windpower monthly: N117/2400 wins gold as Turbine of the Year

11 MORE THAN 350 N117/2400 SOLD TO DATE 15x Monaincha 8 x Nyby-Ii 9x Honkajoki 34x Beebe I +19x Beebe II 4 x Aliaga 1x Dradenau II 1x Stadum 1x Behrendorf 1x Hohen-Luckow >350x N117/2400 in total >840 MW in the field or order intake 21x Florida 28x Juan Pablo Terra 56 x Amakhala 5x Rotes Land 5x Kirchhain 6x Harzkopf 7x Hohenahr 4x Ruhlkirchen 7x Hochheim 7x Bayrischer Odenwald 8x Wetzdorf 5x Schwanfeld 6x Remlingen 5x Illschwang 2x Ursensollen 8x Zöschingen...and many more >140 N117/ x Ullersdorf Installed Order Intake Status: January

12 GENERATION DELTA TURBINES FOLLOW SUCCESSFUL PATH LAID BY GAMMA TURBINES Current product portfolio SOP*06/2015 Rotor Ø 131 m N131/ % AEP* SOP* 01/2014 SOP* 01/2014 Product Development Principles 1. New product every months 117 m 100 m N117/2400 N117/3000 N100/ % AEP* N100/ % AEP* 2. One highly competitive turbine per wind class 3. Continuous launch of efficiency improvement packages to keep product competitive 4. Innovations like anti-icing as differentiator *SOP = Start of production 90 m N90/2500 *AEP = Annual energy production 6,0 6,5 7,0 7,5 8,0 8,5 9,0 9,5 10,0 Wind Speed in m/s IEC 3a IEC 2a IEC 1a 12

13 SIGNIFICANT GAIN IN ANNUAL ENERGY PRODUCTION Power"[kW]" 3000" 2500" N131/3000-R99 N117/2400-R91 Larger: swept area Stronger: rated output 2000" 1500" 1000" 500" 0" 0" 2,5" 5" 7,5" 10" 12,5" 15" 17,5" 20" Wind"speed"[m/s]" Example: N131/3000 IEC3a 13

14 FLEXIBLE TOWER HEIGHTS ARE KEY FOR SUCCESS Higher yield due to greater hub heights Topographical obstacles, such as trees, may result in lower yields. At higher hub heights, the wind quality is better. N117/2400: annual energy yield +16% + 21% 141m (7.41m/ s) 120m (7.16m/ s) 91m (6.5m/ s) 14

15 N131/3000 TOWER PORTFOLIO 99 m 114 m 134 m < 200m < 180m < 165m! Tubular steel tower! 4 Tower segments! Tubular steel tower! 5 Tower segments! Hybrid concrete/steel tower 15

16 CONTENT 1. Profile 2. Products 3. Service 4. Financials & outlook 16

17 FLEXIBLE SERVICE PACKAGES Contract packages Suitable solutions for your requirements. Premium Premium Light Full-service solution Extended Protects your investment Partnership for risk sharing! Our customers requirements vary according to:! the level of service complexity and! protection from expected risks.! The Nordex Service contracts offer variable package solutions to meet these requirements for 3, 5, 10 years or even longer terms. 17

18 CONTENT 1. Profile 2. Products 3. Scope of supply 4. Financials & outlook 18

19 SHAREHOLDER STRUCTURE OF NORDEX SE SKion/momentum capital 22.79% Free float 77.21% On the basis of mn shares, as of November,

20 PRODUCTION FACILITIES FOR TURBINE ASSEMBLY AND BLADES CONCENTRATED IN ROSTOCK, GERMANY Nacelle assembly Blade production! Max. capacity: >2,500 MW p.a. (2-shift)! Complementary switch cabinet assembly! State-of-the-art line production! Max. capacity: 700 blades (300x NR 50; 400x NR 58.5; after finalized NR 58.5 ramp-up)! Automated systems (e.g. paint shop)! ~1/3 of 2013 blade demand supplied inhouse 20

21 NORDEX FOCUS MARKETS AT A GLANCE - NEW MARKET ENTRIES ARE CAREFULLY ANALYSED AND QUICKLY EXECUTED Currently active in 21 countries exemplary market highlights 2012 UK TOP 4 onshore Marketshare 2012: 11% Norway TOP 2 Marketshare 2012: 32% Sweden TOP 3 Marketshare 2012: 10% Germany TOP 4 Marketshare 2012: 4% Increase in OI +60% yoy France TOP 5 Marketshare 2012: 7% NXD pipeline ~900MW Pakistan Market leader Marketshare 2012: 100% USA Top 10 Marketshare 2012: 2% Ireland TOP 2 Marketshare 2012: 32% Thailand / Philippines First conditional OI Turkey TOP 3 Marketshare 2012: 11% Chile / Honduras NXD pipeline > 300 MW Project development pipeline Uruguay Market entrance with two projects (118 MW) South Africa Three projects won in the first two tender rounds (314 MW) 21

22 BEST-SELLING N117/2400 IN URUGUAY Impressions of Florida Wind Farm (UY) 21 N MW R91 22

23 BEST-SELLING N117/2400 IN URUGUAY Impressions of Juan Pablo Terra Wind Farm (UY) 28 N MW R91 23

24 BEST-SELLING N117/2400 IN URUGUAY Impressions of Juan Pablo Terra Wind Farm (UY) 28 N MW R91 24

25 MANY THANKS FOR YOUR ATTENTION. 25