Launching our New Organisation. 12 January 2012 Vestas Wind Systems A/S Copenhagen Denmark

Transcription

1 1 Vestas Wind Systems A/S, Ditlev Engel Aarhus Symposium 4. november 2011

2 Launching our New Organisation 12 January 2012 Vestas Wind Systems A/S Copenhagen Denmark

3 Two income streams. Turbines Solutions & Services 3 Third quarter 2011

4 Vestas in the future: Basically, confronting us with two demands: Much better at absorbing the big rises and falls politically as well as commercially that we are currently struggling with and that we, no doubt, will in the future. Much more focused on customer expectations and needs. And much faster and innovative when it comes to new offerings building on our immense knowledge.

5 CEO office President and CEO Executive Vice President and COO (Deputy CEO) Group Staff Functions (COO) Group Staff Functions (CEO) Manufacturing Turbines Global Solutions and Services Finance Sales EVP (COO) EVP (CTO) EVP (CSSO) EVP (CFO) EVP (CSO) CEO Deputy CEO EVP COO EVP CTO EVP CSSO EVP CFO EVP CSO Ditlev Engel Henrik Nørremark Henrik Nørremark Anders Vedel Anders Vedel acting CSSO - Recruiting process initiated Henrik Nørremark acting CFO - Recruiting process for new CFO initiated Juan Araluce

6 The Vestas Government. 6 Third quarter 2011

7 2,335 colleagues are likely to be laid off. + another ~1,600 that can potentially be affected later this year (USA). 7 Third quarter 2011

8 Affected functions and sites: Region Europe USA China and the rest of the world Function Group functions Administration in Technology R&D Administrations in production units in Hammel, Lem, Varde and Ringkøbing Cease of tower manufacturing in Varde (Towers) Support functions in Spain, Germany, Italy and Sweden Streamlining of Control Systems in Denmark and Spain Consolidation of support functions across factories and functions Streamlining of business and production support Salaried employees Hourly-paid employees Total 1, , Total planned layoff of staff (full-time employees) 1, ,335 8 Third quarter 2011

9 12 th January End of January Mid February Mid March Vestas Announcement of Changes to Organisation Denmark Expected End of Consultation - Not Enhanced Rules Norway Expected End of Consultation Germany China Expected End of Consultation Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11 Week 12 Week 13 Beginning of February Denmark Expected End of Consultation - Enhanced Rules End of February Spain Sweden Italy France United Kingdom Expected End of Consultation End of March India Expected End of Consultation 9 Third quarter 2011

10 10 Third quarter 2011 Min. 150 million

11 Streamlining all support functions. 11 Third quarter 2011

12 Aligning capacity with demand. 12 Third quarter 2011

13 CEO office President and CEO Executive Vice President and COO (Deputy CEO) Group Staff Functions (COO) Group Staff Functions (CEO) Manufacturing Turbines Global Solutions and Services Finance Sales EVP (COO) EVP (CTO) EVP (CSSO) EVP (CFO) EVP (CSO)

14 Key player in the wind industry. 14 Third quarter 2011

15 Our Knowledge Gov t. Relations & Regulatory Lobbying Public policy Compliance Product Mgmt. & Marketing Product Roadmap Pricing Promotion Technology R&D Customer Processes Solution Design Data Analysis Optimisation Total Customer Solutions Information Technology Architecture Software development Integration Operations External Partners Solutions components Execution Sales Channels Service Excellence Customer Solutions One-Stop shop Satisfy needs SBUs Direct Sales Operational Support Relationships equals Opportunities! 15 Third quarter 2011

16 Getting much closer to our customers Better performance in difficult markets Preparing to survive a non-ptc environment Utilising our resources much better Making more money by focusing on high-margin areas Improving time to market, benefiting customers and Vestas 16 Third quarter 2011

17 Two income streams. Turbines Solutions & Services 17 Third quarter 2011

18 Launching our New Organisation 12 January 2012 Vestas Wind Systems A/S Copenhagen Denmark

19 Copyright Notice The documents are created by Vestas Wind Systems A/S and contain copyrighted material, trademarks, and other proprietary information. All rights reserved. No part of the documents may be reproduced or copied in any form or by any means - such as graphic, electronic, or mechanical, including photocopying, taping, or information storage and retrieval systems without the prior written permission of Vestas Wind Systems A/S. The use of these documents by you, or anyone else authorized by you, is prohibited unless specifically permitted by Vestas Wind Systems A/S. You may not alter or remove any trademark, copyright or other notice from the documents. The documents are provided as is and Vestas Wind Systems A/S shall not have any responsibility or liability whatsoever for the results of use of the documents by you. In case we have unintentionally violated copyrighted material, we want to be informed immediately in order to straighten things out and thus to honour any obligatory fees. 19 Third quarter 2011