annual report 2012 mtu aero engines · mtu increases its share in the iae v2500 program mtu´s...

MTU LOGBOOK: JAN. 1 – DEC. 31, 2012 REVENUES AND PROFITS UP

ORDERS AT RECORD LEVELS

NEXT-GENERATION ENGINES

The MTU Logbook is a summary

of the key events of 2012.

Logbook entries:

MTU increases its share in the IAE V2500 program, p. 17

Farnborough International Airshow: MTU lands record orders

of around € 1.3 billion, p. 43

MTU signs up AeroLogic as new GE90 customer, p. 63

Half-year results: MTU raises its forecast for the year, p. 85

ILA 2012: MTU presents next-generation engines, p. 107

Subject:

Date:Place:

Annual Report 2012

Munich, Germany

48°12‘49“ N, 11°28‘ 53“ E

March 13, 2013

Success-ful

year

MARCH 13, 2013

June 29, 2012

July 12, 2012

July 16, 2012

July 25, 2012

Sep. 11, 2012

Segment:

OEM

MROX

X

Responsible:

Topic:

MTU share price:

Segment:

OEM

MRO

Date:Place:

€ 57.94

IAE agreement sealed

Glastonbury, CT 06033, U.S.A.

41°41 ‘ 13“ N, 72°32‘ 41 “ W

June 29, 2012

Higher share!

JUNE 29, 2012

X

MTU INCREASES ITS SHARE IN THE IAE V2500 PROGRAM

MTU´s share in the V2500 program for the Airbus A320 rises from 11 % to 16 %.

Egon Behle, Chief Executive Officer

Hier fehlt das eingeheftete

Bild der Niederdruckturbine

The V2500 is MTU‘s most important commercial engine program. By increasing its share in this program, MTU expects to generate additional sales worth three to four billion euros over the next 25 years.

MTU: low-pressure turbine

new+ Responsibility for around 500 additional

components+ Management of supply chain and

vendor-supplied parts

Previous MTU share

“Our increased share in the V2500 program is an important milestone on the way to reaching our revenuetarget of € 6 billion by 2020. The V2500 program will con-tinue to be a mainstay of the global engine market for deca-des to come.”Egon Behle, Chief Executive Officer

Hier fehlt das eingeklebte

Bild der Instandhaltung

MTU Maintenance Zhuhai

Market leader for V2500

MRO services in Asia:

MTU Maintenance Zhuhai

NEXT-GENERATION ENGINES FOR SHORT- AND MEDIUM-HAUL AIRCRAFT

Establishment of a joint venture

Partners: Pratt & Whitney, Rolls-Royce, Japanese Aero Engines Corporation, MTU Aero Engines

Focus: geared turbofan technology; studies for next-generation engine systems

Estimated market potential over the next 20 years: ~ 20,000 new aircraft / ~ 45,000 engines


PostIt zum V2500

V2500

MTU is developing and manufacturing the V2500 in conjunction with Pratt &

Whitney and Japanese Aero Engines Corporation. The engine is marketed by

the joint venture International Aero Engines AG (IAE).

The V2500 is a two-shaft turbofan engine for short- and medium-haul aircraft, and

is installed in the Airbus A319, A320 and A321 as well as in the Boeing/McDonnell

Douglas MD-90. The V2500 Select-OneTM is a newly developed variant that lowers

the engine’s fuel consumption by one percent and improves time on wing by 20 %.

That makes the V2500 a leader in terms of eco-compatibility.

FARNBOROUGH INT ERNATIONAL AIRSHOW: MTU LANDS RECORD ORDERS OF AROUND 1.3 BILLION

The Farnborough International Airshow, one of the largest events of its

kind in the world, was a resounding success for MTU: the company garnered

orders worth around € 1.3 billion – more than ever before at an air show.

The orders covered not only new engines, but also MRO services; the

engines of the geared turbofan family were the biggest sellers.

2012: VERY HIGH ORDER BACKLOG LEVEL

JULY 12, 2012

Responsible:

Topic:

MTU share price:

Segment:

OEM

MRO

Date:Place:

€ 61.04

Egon Behle, Chief Executive Officer

Tradeshow / orders

Farnborough, Hampshire, U.K.

51°16‘ 36 “ N, 0°46‘ 28“ W

July 12, 2012

1.3 BILLIONEUROS

X

X

Growth in MTU‘s order back-

log from 2011 to 2012 (in

€ billion)

plus9 %

€

0

2

4

6

8

10

12

Dec. 31, 2012Dec. 31, 2011Dec. 31, 2009 Dec. 31, 2010

8.8

9.710.5

11.5

+9 % MTU´s order backlog in € billion

FARNBOROUGH HIGHLIGHTS

PW1100G-JM ENGINE FOR THE AIRBUS A320NEO/A321NEO

Indian airline IndiGo ordered 300 PurePower PW1100G-JM

engines. Leasing company CIT, Cebu Pacific Air, the largest

airline in the Philippines, and U.S. carrier JetBlue Airways all

opted for the same engine type. Norwegian Air Shuttle signed

a memorandum of understanding for the PW1100G-JM.

PW1524G ENGINE FOR THE BOMBARDIER CSERIES

One customer ordered 30 PW1524G engines, while airBaltic

signed a memorandum of understanding for this engine type.

PW1200G ENGINE FOR THE MITSUBISHI REGIONAL JET

U.S. regional carrier SkyWest placed an order for

200 PW1200G geared turbofan engines.

V2500 ENGINES FOR THE CURRENT AIRBUS A320 FAMILY

The V2500 won over Jetstar, a subsidiary of Qantas,

and the Asian leasing companies ICBC and BOC Aviation.

MTU concluded agreements with Monarch Airlines and

Mexican airline Volaris for the provision of MRO services

for the V2500 engine.

GENX ENGINE FOR THE BOEING 787 AND 747-8 MTU also benefited from an order for Boeing 787 jets:

Air Berlin has opted to equip 15 of these new aircraft

with the GEnx engine.


Bild des Getriebefans

THE GEARDTURBOFAN – A BESTSELLER:To date, around 3,000 orders have been placed for this engine, which will make its market debut in 2015.

The geared turbofan is qui

eter, eco-friendlier and m

ore

economical than convention

al jet engines.

Status: Dec. 31, 2012

V2500

Airliners order backlog

737NG: 1954

737Max: 1064

CSeries: 173

MS-21:113

C919: 275

A330: 305

A340: 1

A350: 562

A380: 155

747: 61767: 69

777: 364

787: 775

A320 family: 1734

PW1100G-JM A320neo: 1654

MTU SIGNS UP AEROLOGIC ASNEW GE90 CUSTOMER

MTU has signed an exclusive agreement with German express

cargo operator AeroLogic to provide MRO services for the

company‘s GE90-110B engines.

The contract is valued at over € 160 million.

MTU‘s other GE90 customers include: Air New Zealand,

Southern Air, V Australia

JULY 16, 2012

Responsible:

Subject:

MTU share price:

Segment:

OEM

MRO

Date:Place:

€ 62.80

Dr. Stefan Weingartner, President Commercial Maintenance

New GE90 customer

Schkeuditz,Germany

51°24‘ 16 “ N, 12°12‘ 39“ E

July 16, 2012

MRO

services

for

X

World ‘s biggest

aircraft engine!

Hier fehlt das eingeheftete

Bild des AeroLogic-Flugzeugs Hier fehlt der eingeheftete Artikel

des GE90s

GE90 GROWTH AN EVER MORE ATTRACTIVE MARKET

The GE90 Growth is the engine used exclusively in

the Boeing 777-200LR and 777-300ER.

It is a growing market:

some 460 aircraft have already been equipped

with the GE90 Growth

orders have been placed for over 330 more

Value of the GE90 Growth MRO market in 2022:

over U.S.$ 3.3 billion!

Hier fehlt die eingeklebte

Grafik zur GE90-Entwicklung

GE90 MRO market overview

Mio. US$ CAGR 2012-2022GE90 GrowthGE90 Base

15.4%5.8%4.000

2012

Source: MTU, July 2012

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

3.500

3.000

2.500

2.000

1.500

1.000

500

0

GE90 Growth:

15.4 %average annual

growth rate

Hier fehlt das eingeklebte Bild

der GE90-Instandhaltung

Hier fehlt das eingeklebte Bild der Turbineninstandhaltung

shops worldwide to be licensed for the repair and overhaul

of the GE90 Growth engine. Testing of the GE90 Growth can

also be carried out on MTU‘s rig in Hannover.

HALF-YEAR RESULTS: MTU RAISES ITS FORECAST

Responsible:

Subject:

MTU share price:

Segment:

OEM

MRO

Date:Place:

€ 59.45

Reiner Winkler, Chief Financial Officer

Forecast raised

Munich,Germany

July 25, 2012

Higher revenues and profits

X

X

“These figures show that MTU

is well positioned to achieve

sustainable, profitable growth.”

Reiner Winkler, CFO

48°12‘49“ N, 11°28‘ 53“ E

Hier fehlt die eingeheftete

Pressemitteilung

JULY 25, 2012

MTU ‘s key revenue drivers:

In the first six months of 2012, the key revenue drivers in MTU’s

commercial engine business were the V2500 for the Airbus A320

family, the PW2000 for the Boeing 757 and C-17, and the GP7000

for the Airbus A380.

The main source of commercial MRO revenues was the V2500 engine.

The biggest revenue earner in the military engine business was the

EJ200 for the Eurofighter.

Hier fehlt die eingeheftete

Grafik zur Prognose


Skizze zur EJ200

(m€)

Revenuesthereof IAE upshare

2,932.1

EBIT adj.EBIT adj. Margin

329.611.2%

Net Income adj.

3.300100

370

225197.7

FY 2011

+mid single digit

+8% to +10%

+10% to +12%

Guidance 2012 old Guidance 2012 new

Moderately higher forecast for 2012

EJ200

The GP7000 is deployed in the A380 mega-Airbus. MTU has a share of 22.5 % in this engine program.

MTU is developing and manufacturing the V2500 in conjunction with Pratt & Whitney and Japanese Aero Engines Corporation. The V2500 powers the Airbus A320 family.

The PW2000 engines are used to power medium- and long-haul aircraft in both the commercial and military markets, e.g. the Boeing 757 and C-17.

Commercial engines:


Skizze zur Gp7000


Skizze zur V2500


Skizze zur PW2000

V2500

PW2000

GP7000

ILA 2012: MTU PRESENTS NEXT-GENERATION ENGINES

FORWARD-LOOKING ENGINE PORT FOLIO

FOCUS ON ECO-EFFICIENT FLIGHT

BURGEONING GROWTH IN COMMERCIAL BUSINESS; MILITARY BUSINESS STABLE

SEPT EMBER 11, 2012

Responsible:

Subject:

MTU share price:

Segment:

OEM

MRO

Date:Place:

€ 59.58

ILA Berlin Air Show 2012

Berlin, Germany

September 11, 2012

Securing the future

X

X

“Innovation has always been the driving force behind our company, and that is not going to change. We aim to further strengthen our position as a technology leader in the years ahead and acquire new program stakes.”Egon Behle, Chief Executive Officer

52°21‘ 06 “ N, 13°28‘ 27“ E

Dr. Rainer Martens, Chief Operating Officer

Hier fehlt der eingeheftete

Artikel zur Entwicklung der

CO2-Emissionen

The six-month test of biofuel on regular domestic flights was

conducted under Germany’s aviation research program. For

the tests, the German government provided funds to the tuned L fth t ib ted around four

Technology + Science

are electric engines. The use of biosynthetic fuel promises to

make a substantial contribution towards achieving the ambi-

tious target set by the International Air Transport Association

(IATA) which is to halve CO2 emission levels caused by air

New Aircraft Concepts30% efficiency improvement*

Advanced Air Traffic Management20% efficiency improvement*

Alternative Fuels80% carbon-free fuel*

* by 2050 as compared with 2000 levels

New Engines50% efficiency improvement*

Future Development of Air Traffic and CO2 Emissions

Rela

tive

Cha

nge

2000 2010 2020 2030 2040 2050

5

4

3

2

1

0

Air traffic(+5% p.a.)

CO2 emissions, innovative technologies

CO2 emissions, business as usual(2% p.a.)

Under thehavior of problemsour monittant, Innothis: We isuch as fengine musing thiswe quickDelta Gothe trialsbehavior weren’t Biofuel hpercent lindustry.

Getting htests—“thworld,” arefinery (HVO) mStates apercent tainably duce it,

GE38MTU develops and manufactures the power turbine for the GE38 engine. The company also holds a licensing agreement for the maintenance, final assembly and testing of the GE38 models to be deployed in the European Future Transport Helicopter (FTH).

PREMIEREIn addition to its production workshare in the GE38 program, MTU for the first time acts as a development participant in a U.S. military engine program. Certification tests for the engine are also being carried out at MTU‘s Munich plant.

GE38

APPLICATION MTU´S SHARE

GE38 Sikorsky CH-53K 18 %


Bild des MTU-Messestands


Bild der GE38-Turbine


Bild des Hubschraubers

GEARED TURBOFAN

In the geared turbofan project, MTU is responsible for the high-speed low-pressure turbine and is manufacturing components for the high-pressure com-pressor; the company is also supplying brush seals.

GEARED TURBOFAN ENGINES:

ENGINE TYPE APPLICATION MTU´S SHARE

PW1100G Airbus A320neo 18 %

PW1200G Mitsubishi Regional Jet 15 %

PW1400G Irkut MS-21 18 %

PW1500G Bombardier CSeries 17 %

A NEW TYPE OF ENGINE: THE GEARED TURBOFAN sets standards for eco-friendly technologies

Fuel consumption 15 % lower than that of conventional engines

Noise emissions around 20 dB lower

=> that equates to a halving of perceived noise levels!!

MTU is already working on optimizing the geared turbofan.

Goal: to achieve further reductions in fuel consumption and noise emissions

by 2035: 30 % lower kerosene consumption and CO2 emissions


Bild des A320


Bild des Getriebefans

annual report 2012 mtu aero engines · mtu increases its share in the iae v2500 program mtu´s...

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