1
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
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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
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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
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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.
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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!
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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!
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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
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der GE90-Instandhaltung
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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
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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.
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Grafik zur Prognose
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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:
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Skizze zur Gp7000
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Skizze zur V2500
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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
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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.
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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 %
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Bild des MTU-Messestands
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Bild der GE38-Turbine
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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
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Bild des A320
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Bild des Getriebefans