Hydro Power Capital Market Days 2008, Austria Slide No. 2 Capital Market Days 2008/Hydro Power_Friedrich Papst Certain statements contained in this presentation constitute ‛forward-looking statements.’ These statements, which contain the words ‛believe’, ‛intend’, ‛expect’ and words of similar meaning, reflect management’s beliefs and expectations and are subject to risks and uncertainties that may cause actual results to differ materially. As a result, readers are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to publicly announce the result of any revisions to the forward- looking statements made herein, except where it would be required to do so under applicable law. Disclaimer
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Hydro PowerCapital Market Days 2008, Austria
Slide No. 2Capital Market Days 2008/Hydro Power_Friedrich Papst
Certain statements contained in this presentation constitute ‛forward-looking statements.’ These
statements, which contain the words ‛believe’, ‛intend’, ‛expect’ and words of similar meaning, reflect
management’s beliefs and expectations and are subject to risks and uncertainties that may cause
actual results to differ materially.
As a result, readers are cautioned not to place undue reliance on such forward-looking statements.
The Company disclaims any obligation to publicly announce the result of any revisions to the forward-
looking statements made herein, except where it would be required to do so under applicable law.
Disclaimer
Slide No. 3Capital Market Days 2008/Hydro Power_Friedrich Papst
Contents
ANDRITZ HYDRO POWER – OVERVIEW
Hydro power market and growth drivers
Strategy and outlook 2009
Slide No. 4Capital Market Days 2008/Hydro Power_Friedrich Papst
Andritz Hydro Power at a glance
Offers the whole range of electro-
mechanical equipment for large new
installations and large rehabilitations.
Large Hydro
Provides solutions, products, and
services over the entire life cycle of
hydro power plants.
Service & Rehab
Offers the entire production line and
service spectrum for small and
medium hydroelectric power plants
with unit output <15 MW.
Compact Hydro
Turbo generators and steam turbine
generators in the range of 20 to 350
MVA.
Turbo Generators
Pumps for water transportation,
energy industry, and pulp and paper
industry.
Pumps
Hydro Power core business: 82%Others: 18%
Split of sales
Slide No. 5Capital Market Days 2008/Hydro Power_Friedrich Papst
Strong growth through organic expansion and acquisitions
Slide No. 19Capital Market Days 2008/Hydro Power_Friedrich Papst
Comparison of energy resources (II)
Wind power is – in contrast to hydro – still only feasible with subsidies/funds;example US: ~60% of the average capital costs of a wind energy project is ‛paid’ by the federal government, another 10% is ‛paid’ by the state and local governments.
Wind and hydro supplement each other – example Europe:
> Main wind installations in Germany and Denmark with only very limited hydro resources.
> Installations in Spain and Portugal need hydro back-up and are therefore driving hydro investments (example Portugal, Bemposta 191 MW).
500 EUR/kW
(incl. civil)
1.250 EUR/kW
(incl. development)
Costs:
+6% = 50GW+25% = 20 GWIncrease 2007:
800 GW80 GWInstalled capacities:
HydroWind
Comparison wind and hydro
Slide No. 20Capital Market Days 2008/Hydro Power_Friedrich Papst
Growth drivers for investments in hydropower
Economic growth:
Mainly in emerging countries, especially in India, China, and Brazil.
Climate change:
Investments mainly in developed countries.
Kyoto Protocol awareness supports investments in CO2 free renewables.
Political and regulatory initiatives:
Examples: Funding of renewables has led to booming hydro markets in Italy and Canada.
Investments in hydropower are long term and therefore seldom reacting on market fluctuations.
Sources: RWE Trading; European Energy Exchange (EEX)
Slide No. 21Capital Market Days 2008/Hydro Power_Friedrich Papst