Smiths aerospace
Download
1 / 20

- PowerPoint PPT Presentation


  • 248 Views
  • Updated On :

Smiths Aerospace. Presentation to Investors by Dr John Ferrie Group Managing Director Cheltenham – Thursday 26 th May 2005. Underlying demand for air transport as strong as ever. Defence remains high priority. Leadership positions still rewarding. US defence spending flattening

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about '' - sandra_john


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Smiths aerospace l.jpg

Smiths Aerospace

Presentation to Investors

by

Dr John Ferrie

Group Managing Director

Cheltenham – Thursday 26th May 2005


Slide2 l.jpg

Underlying demand for air transport as strong as ever

Defence remains high priority

Leadership positions still rewarding

US defence spending flattening

The civil aerospace industry is recovering

Airline customers are still making huge losses

So why is Aerospace attractive?

05/05 JF Investors Briefing


Capabilities on military transports applications c 130amp c 130j c 17 c 27 p 8a mma b767 tanker l.jpg
Capabilities on military transports(Applications: C-130AMP, C-130J, C-17, C-27, P-8A MMA, B767 Tanker…)

Cargo Door Drive/Actuator

Flight Control Actuators

Engine Components (Tailpipe/Shrouds)

Aerial Refuelling Pods

Aerial Refuelling System

and Components

Primary flight controls

Gust lock

Engine Components

Primary flight controls

Primary Flight Controls

APU door door/slides actuators

Fuel and hydraulic tubes/hoses

High lift actuation system

Wing structures

Engine Instrument Displays

Integrated Avionics

Panels and Light Control

Data Management

Self-contained Navigation System

Remote input/output

Nacelles fairings

Propellers

Integrated Landing Gear

Actuation and Control System

Hydraulic Control Valves

Landing Gear Actuation and Control

Nose Wheel Steering System

Hydraulic Control Valves

Hydraulic Fuses

Cable Harnesses and Connectors

Airdrop System Components

Auxiliary Power

Environmental Control

Power Distribution and Control

Generators/Power Conversion

05/05 JF Investors Briefing


Capabilities on fighters applications jsf f 22 f 18 eurofighter hawk f 16 l.jpg
Capabilities on fighters(Applications: JSF, F-22, F-18, Eurofighter, Hawk, F-16…)

Battery Charging System

Power Supplies

Prognostics and Health

Monitoring System

Variable Speed

Constant Frequency

Power Generation

Regulated/Transformer

Rectifier Unit

Fuel Dump

Primary Flight Control Actuators

Empennage Components

Airbrake Actuator

Remote Input/Output

Variable Exit Nozzle/Thrust Vectoring

Actuation System

Engine Distress And Monitoring System

Secondary Flight Control

Fin Control Actuator Auto Target Recognition

Gun Pod

Tailcone

Cable Harnesses and Connecters

Primary Flight Control Actuators

Canopy/Windscreen System/Canopy Actuators

Refueling Probe

Mission Planning

And

Debrief Systems

(Ground Based)

Stores/Weapon

Deployment Actuation System

Wing Structures

Pylons

Pylon Interface Unit

Missile Lock

Seat

Actuator

Doors

Air Intake Control

Landing Gear Actuation

and Uplock Mechanism

Nose Wheel Steering

Hydraulic Valves

Holdback Bar

Landing Gear Actuation Door Lock

Fuel Tank

Active Fuel Probes

Hydraulic Fuses

Reservoir

Valves

Accumulator

Integrated Modular Avionics

Mission Computer

Utilities Computer

Stores Management Systems

Interface Blanker Unit

Supplementary Power and Cooling System

Environmental Control System

Fuel and Hydraulic Tubes/Hoses

Engine Components

Integrated Cockpit Suite

Data Recording/Displays

Pitch Feel

05/05 JF Investors Briefing


Capabilities on uavs applications x 47 x 45 l.jpg
Capabilities on UAVs(Applications: X-47, X-45…)

Fuel and Hydraulic Tubes/Hoses

Variable Speed Constant Frequency Generator

Power Distribution System

Regulated/Transformer Rectifier Unit

Cable Harnesses And Connectors

Composite Structures

Utilities Computer

Remote Input/Output

Flight Control Actuation System

Active Fuel Probes

Utility/Accessory Actuators

Battery Charging System

Remote Interface Unit

Engine Components

Engine Distress and

Monitoring System

Refueling Probe

Landing Gear Control

Landing Gear

Chemical and Biological Detection

Stores Management System

Weapon Door Control

Data Recording

Mission Computer

Vehicle Management System

Prognostics And Health Monitoring

Supplementary Power and Cooling System

Environmental Control System

05/05 JF Investors Briefing


Capabilities on large commercial aircraft applications b737 a320 b777 a330 340 b787 l.jpg
Capabilities on large commercial aircraft(Applications: B737, A320, B777, A330/340, B787…)

Fuel Systems

High-lift Systems

Fuel and Hydraulic Tubes/Hoses

Primary Flight Control Actuators

Airframe Components

Primary Flight

Control Actuators

Remote Input/Output

Power Generation

Cable Harnesses and Connecters

Power Generation

Environmental Control

Doors and Door Actuators

Flying Control Surfaces

Integrated Avionics

Flight Management

Data Management

Displays

Primary Flight Control Actuators

Wing Structures

Landing Gear Actuation

and Control

Fuel Systems

Structures

Power Distribution

Thrust Reverser and Cowl Opening Actuation System

Doors and Door Actuators

Utilities Management

Engine Components

Engine Actuation

Wing Structures

Landing Gear Actuation And Control

05/05 JF Investors Briefing


Boeing 787 dreamliner l.jpg
Boeing 787 Dreamliner

Major Systems won by Smiths

Programme Status

  • Common Core

  • High Lift

  • Landing Gear

  • Firm Orders = 64

  • Options = 24

  • Entry into Service = 2008

Trend to systems integration, but each customer is different

05/05 JF Investors Briefing


Airbus a380 l.jpg
Airbus A380

Programme Status

Major Systems won by Smiths

  • Firm Orders = 139

  • Options = 70

  • Entry into Service = 2006

  • High Lift

  • Landing Gear

05/05 JF Investors Briefing


What are we l.jpg
What are we?

  • Aerospace Systems

  • Delivering Integrated Solutions

  • Engine Components

  • Growth fueled by Competitiveness

  • Northrop Grumman selects Smiths for J-UCAS Landing Gear System 8th February 2005

  • Smiths expands Aircraft Engine Facility in China 1st November 2004

05/05 JF Investors Briefing


Smiths aerospace business dimensions l.jpg
Smiths Aerospace Business Dimensions

Electronic systems

FY04 Sales: £1,006m

Mechanical systems

  • Military / Civil split ~ 60% / 40%

Engine components

Sales Split

R&D/Sales

Recent Additions

  • Company Funded (expense to profit)

  • Customer Funded (largely govt / military)

  • DGT acquired for £57m in mid ’04

  • Integrated Aerospace acquired for £57m at end ‘05

8%

12%

05/05 JF Investors Briefing


Where are we l.jpg

Electronic Systems

Engine Components

Customer Services

Mechanical Systems

Where are we?

RoW

China

Poland

Australia

Singapore

Total employees: circa 11,000

05/05 JF Investors Briefing


Smiths aerospace on major platforms typical programme revenues l.jpg
Smiths Aerospace on Major Platforms Typical programme revenues

Boeing 787: $2.6b

common core

system, landing gear

and high lift

actuation systems,

flight recorder

Airbus A380:$1b

landing gear

extension & retractionsystem, actuators, high

lift actuation,

wing components

Airbus 320: $650m

avionics, hydraulics, engine components

JSF:$3bavionics, utilities, hydraulics, engine components

Eurofighter:$600mavionics, utilities, hydraulics, engine components

Boeing 777: $800m

electrical power, utilities, hydraulics, engine components

F-18 E/F:$650m

weapons systems, utilities, hydraulics, engine components

05/05 JF Investors Briefing


Competitors l.jpg

Electronic Systems

Mechanical Systems

Honeywell

Moog

Rockwell Collins

Cobham

Hamilton Sundstrand

Goodrich

Goodrich

Liebherr

Thales

Parker

Engine Components

Customer Services

Barnes Group

Third Party Repair Centres

Primes in-house capabilities

Carlton

GKN

Operators in-house capabilities

Magellan

Doncasters

Firth Rixson

Competitors

05/05 JF Investors Briefing


Aeroengine component supplier l.jpg

Civil Military

GE/CFM 

Pratt & Whitney 

Rolls Royce/Eurojet 

Aeroengine Component supplier

Engine side wall

Fabricated Mixers

Machined Shafts

Machined Combustors

Flash Welded Rings

05/05 JF Investors Briefing


Business dimensions aftermarket l.jpg
Business Dimensions - Aftermarket

TotalIntegratedSupport

  • Service Based

PBL / Logistics Support

2005 Sales

  • Performance Based

Aftermarket

Original

Equipment

Rate per hour

  • Usage based

Fixed Price

  • Cost Based

Time & Material

  • Cost driven

  • Reactive

05/05 JF Investors Briefing


How are we performing l.jpg
How are we performing?

Smiths Aerospace performance in H1 2005

Aerospace

£ m

Sales

Operating Profit

Margin

H1 2005

514

39

8%

at constant currency

+17%

+24%

Contribution to Smiths Group operating profit

US 101

Eurofighter

Boeing 787

  • Delivered first system for Airbus A380, F-35 JSF, C-130 AMP

  • Development work on Boeing 787 Dreamliner on schedule

  • Selected for complete landing gear on X-47B

  • Teamed with Lockheed on US 101 Presidential helo fleet

  • Capacity in China doubled by 2006

  • Engine component plant in Poland being expanded

05/05 JF Investors Briefing


Smiths aerospace sales trends l.jpg

Military OE

Aftermarket

Civil OE

2005

(expected)

2005 sales

Commercial OE

2004

Military OE

Aftermarket

2003

10%

10%

20%

10%

(underlying growth, excluding acquisitions at constant currency)

Smiths Aerospace: Sales Trends

05/05 JF Investors Briefing


The future our view of the global military market l.jpg

Actuals

Forecast

30

25

20

15

Aircraft Production Value $bn

10

5

0

2004

2006

2007

2008

2005

2012

2009

2010

2011

2003

2001

2002

Light Fighter/Attack/Trainer

Military Helicopters

Heavy Fighter

Other Fixed-Wing

The Future: Our view of the Global Military market

Smiths increasing market share while market flattens

05/05 JF Investors Briefing


The future our view of the global civil market l.jpg

Actuals

Forecast

100

80

60

Aircraft Production Value $bn

40

20

0

2004

2006

2007

2008

2005

2012

2009

2010

2011

2003

2001

2002

Civil Helicopters

Exec/Utility Turboprops

Business Jets

Regional Transports

Commercial Jets

The Future: Our view of the Global civil market

Smiths increasing market share

Opportunities in later years for new narrow bodies

05/05 JF Investors Briefing


Growing as anticipated l.jpg

We have strong platform positions – gaining market share

Engine Components business delivering planned growth

Sustained drive on all aspects of cost

Supported by increased R&D

Growing as anticipated

US defence spending flattening

The civil aerospace industry is recovering

Airline customers are still making huge losses

So why is Smiths so confident?

05/05 JF Investors Briefing


ad