the evolution of jet engines

22
TIMET The Evolution of Jet Engines Henry S. Seiner TIMET 2015 10.05

Upload: others

Post on 21-Nov-2021

22 views

Category:

Documents


1 download

TRANSCRIPT

Page 1: The Evolution of Jet Engines

1 TIMET

The Evolution of Jet EnginesHenry S. Seiner

TIMET

201510.05

Page 2: The Evolution of Jet Engines

2 TIMET

Forward Looking StatementInformation included within this press release describing the projected growth and future results and events constitutes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results in future periods may differ materially from the forward-looking statements because of a number of risks and uncertainties, including but not limited to fluctuations in the aerospace, power generation, and general industrial cycles; the relative success of our entry into new markets; competitive pricing; the financial viability of our significant customers; the concentration of a substantial portion of our business with a relatively small number of key customers; the impact on the Company of customer or supplier labor disputes; demand, timing, and market acceptance of new commercial and military programs, and our ability to accelerate production levels to meet order increases on new or existing programs in a timely fashion; the availability and cost of energy, raw materials, supplies, and insurance; the cost of pension and postretirement medical benefits; equipment failures; product liability claims; changes in inventory valuations; cybersecurity threats; relations with our employees; our ability to manage our operating costs and to integrate acquired businesses in an effective manner, including the ability to realize expected synergies; the timing of new acquisitions; misappropriation of our intellectual property rights; governmental regulations and environmental matters; risks associated with international operations and world economies; the relative stability of certain foreign currencies; fluctuations in oil & gas prices and production; the impact of adverse weather conditions or natural disasters; the availability and cost of financing; and the implementation of new technologies and process improvements. Any forward-looking statements should be considered in light of these factors. We undertake no obligation to update any forward-looking information to reflect anticipated or unanticipated events or circumstances after the date of this document.

2

Page 3: The Evolution of Jet Engines

3 TIMET3

Technology Market Share Role of Titanium & Future Outlook

Page 4: The Evolution of Jet Engines

4 TIMET

Engine History

4Photos: AirTeam Images, Dailykos.com, engopps.com

Page 5: The Evolution of Jet Engines

5 TIMET

Basic Turbofan Technology

5

Page 6: The Evolution of Jet Engines

6 TIMET

Engine Evolution

6

Page 7: The Evolution of Jet Engines

7 TIMET

Engine Thrust (lbf)

7

Narrow Wide Jumbo Multiple

Page 8: The Evolution of Jet Engines

8 TIMET

Engine Diameter (inches)

8

Narrow Wide Jumbo Multiple

Page 9: The Evolution of Jet Engines

9 TIMET

Bypass Ratio (x:1)

9Narrow Wide Jumbo Multiple

Page 10: The Evolution of Jet Engines

10 TIMET10

Technology Market Share Role of Titanium & Future Outlook

Page 11: The Evolution of Jet Engines

11 TIMET

Engine Sourcing Trends

707P&W

787GE/RR

A320 LegacyIAE/P&W

A340 - 2/3CFM

1960 1970 1980 1990 2000 2010 2020

A320 NEO FamilyCFM/P&W

767GE/P&W/RR

737 LegacyCFM

757P&W/RR

747GE/P&W/RR

A310GE/P&W

727P&W

A300GE/P&W

WID

EN

ARR

OW

717RR

EMB 170GE

C919CFM

CseriesP&W

737CFM

E2 JetsP&W

MC21P&W

777GE/P&W/RR

A330GE/P&W/RR

A340 – 5/6RR

777-300ERGE

A380Alliance/RR

747-8GE

A350RR

A330NEORR

777XGE

Page 12: The Evolution of Jet Engines

12 TIMET

Historical Market Share*

12*based on number of engines delivered, Source: Airline Monitor April 2015

Total Engines: 942 Total Engines: 3,160Total Engines: 1,547

CFM GE IAE P&W RR Other

Page 13: The Evolution of Jet Engines

13 TIMET

Historical Market Share*: 1960-2014

13CFM GE IAE P&W RR Other

Source: Airline Monitor April 2015

Page 14: The Evolution of Jet Engines

14 TIMET

Forecasted Market Share*: 2015 - 2035

14

Source: Airline Monitor April 2015

CFM GE IAE P&W RR Other

Page 15: The Evolution of Jet Engines

15 TIMET

Market Share* Trend

15Source: Airline Monitor April 2015

CFM GE IAE P&W RR Other

Page 16: The Evolution of Jet Engines

16 TIMET

Market Share* Trend: 1960-2035

16CFM GE IAE P&W RR Other

Source: Airline Monitor April 2015

Page 17: The Evolution of Jet Engines

17 TIMET17

Technology Market Share Role of Titanium & Future Outlook

Page 18: The Evolution of Jet Engines

18 TIMET

Challenges and Opportunities

18Flight Global

MTU aviationpros.com

Page 19: The Evolution of Jet Engines

19 TIMET

Engine Weight

19Source: Goldman Sachs

Page 20: The Evolution of Jet Engines

20 TIMET

OEM Developments

20

Page 21: The Evolution of Jet Engines

21 TIMET

Middle of the Market

21

?

Page 22: The Evolution of Jet Engines

22 TIMET

The Evolution of Jet EnginesHenry S. Seiner

TIMET

201510.05