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Montupet General Presentation MONTUPET MONTUPET Updated January 2016
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Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

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Page 1: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

MontupetGeneral Presentation

M O N T U P E TM O N T U P E T

Updated

January 2016

Page 2: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

� Overview

� Financial results

� Technical expertise: cylinder heads

� R&D activities

Abstract

� R&D activities

� Suspension, braking and engine parts

2CONFIDENTIEL

Page 3: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

OVERVIEW• Strategy

• Products

• History

• Customer base

• Footprint• Footprint

3CONFIDENTIEL

Page 4: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

• Maintain and confirm technological leadership

as a supplier of reference

• Provide simultaneous engineering services

adapted to each customer

Strategy

• Ensure a global footprint

• Diversify the customer base

• Build on a sound financial base

… guided by strong company values

4CONFIDENTIEL

Page 5: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Design and production of

complex cast aluminium components

for the automotive industry

Products

Engine partsCylinder heads, EGR, turbocharger housings…80%

ExpertiseExpertise

5

Safety partsMaster cylinders, suspension knuckles…20%

CONFIDENTIEL

Page 6: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

1894 Pierre Montupet opens a foundry in Nogent, France

1966 Initial public offering (Paris stock exchange)

1986 Management buy-out: focus on automotive industry

1987-89 New foundries in Spain and United Kingdom

History

2000-06 New foundries in Mexico and Bulgaria

2010 Focus on core business: engine and safety parts

2013 Development in Asia: joint-venture with Jaya Hind (India)

Today 450 M€ turnover and a global footprint

6CONFIDENTIEL

Page 7: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Customer base

Carmakers

Tier-1 suppliers

7CONFIDENTIEL

Page 8: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Sales office

France (HQ + 2 plants)

Spain (2 plants)

UK (Belfast)

Bulgaria (Ruse)

Germany

Sweden

India

USA

Production site

Mexico (Torreon)

Footprint

3000+ employees

ChinaIndia (Dewas & Pune)

(Torreon)

8CONFIDENTIEL

Page 9: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

LaignevilleCylinder heads development

EMPLOYEES 550

PRODUCTS Cylinder heads

CAPACITY* 1,000,000 CH / year

ParisHeadquarters

Footprint / France

Since

2000

CAPACITY* 1,000,000 CH / year

CLIENTS Renault, Ford, Volvo

SHIPPINGSpain, Turkey, Thailand, Argentina,

South Africa, UK, Sweden, Belgium

*Target plant capacity in cylinder head (CH) equivalent

ChateaurouxSuspension parts development

EMPLOYEES 350

PRODUCTS Cylinder heads, suspension parts

CAPACITY* 1,000,000 CH / year

CLIENTS Renault, Audi, Bentley, Porsche

SHIPPINGTurkey, Russia, Spain, Germany,

UK, China, France

Since

1970

9CONFIDENTIEL

Page 10: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Belfast (UK)

EMPLOYEES 550

PRODUCTS Cylinder heads

CAPACITY* 1,400,000 CH / year

CLIENTS Ford, PSA, GM

SHIPPINGTurkey, Thailand, Argentina, South

Africa, China, Germany, France

Ruse (Bulgaria)

EMPLOYEES 700

PRODUCTS Cylinder heads, suspension parts

CAPACITY* 2,500,000 CH / year

CLIENTSRenault, Audi, BMW, Ford, PSA, Volvo,

Since

1989

Since

2010

Footprint / Europe

Alumalsa, Zaragoza (Spain)Turbochargers and braking parts development

EMPLOYEES 500

PRODUCTS Turbochargers, EGR, braking parts…

CAPACITY* 800,000 CH / year

CLIENTS Honeywell, Continental, John Deere

SHIPPING France, Spain, Germany, USA

CLIENTSRenault, Audi, BMW, Ford, PSA, Volvo,

Daimler

SHIPPINGTurkey, Germany, Romania, Sweden,

Hungary, UK

Since

1987

Vitoria (Spain)Tool shop

PRODUCTS Molds, core boxes

Since

1988

10*Target plant capacity in cylinder head (CH) equivalentCONFIDENTIEL

Page 11: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Montiac, Torreon (Mexico)

EMPLOYEES 500

PRODUCTSCylinder heads, braking parts,

suspension parts

CAPACITY* 2,500,000 CH / year

Since

1999

Footprint / Americas and Asia

CAPACITY* 2,500,000 CH / year

CLIENTS Ford, GM, Continental, Bosch

SHIPPING USA, South Korea, China, Mexico

Pune and Dewas (India)Jaya Hind - Montupet Joint Venture

EMPLOYEES 240

PRODUCTS Cylinder heads

CAPACITY* 500,000 CH / year

CLIENTS Ford / Mahindra

SHIPPING India

SOP

2016

11*Target plant capacity in cylinder head (CH) equivalentCONFIDENTIEL

Page 12: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

FINANCIAL

RESULTS

• Sound financial basis

• Sales forecast

• Revenue split 2014 - 2016 - 2018

12CONFIDENTIEL

Page 13: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

375m€

406m€ 400m€421m€

450m€

300

350

400

450

500

Sales

Sound financial basis

m€

0,680,64 0,63

0,6

0,8

1

Debt / Capital equity ratio

204m€

0

50

100

150

200

250

300

2009 2010 2011 2012 2013 2014

13

0,43 0,41

0,34

0

0,2

0,4

0,6

2009 2010 2011 2012 2013 2014

CONFIDENTIEL

Page 14: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

TECHNICAL

EXPERTISE

• Technical challenges

• Engine downsizing

• Metallurgy

• Dimensional accuracy

ExpertiseExpertise

• Dimensional accuracy

• Complex coring

• R&D

• Quality performance

14CONFIDENTIEL

Page 15: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Montupet ExpertiseCost and weight optimisation

Long term quality performance

ExpertiseExpertise

Technical challenges

Mastery of

metallurgy

Best-in-class

dimensional

accuracy

Advanced coring

design

Global automotive

industry objective

Customer

requirements

15

High mechanical

properties

Fuel efficiency

and low emission

Complex cooling

system and

integrated

functions

Engine downsizing(Carbon emission standards & environmental regulations compliance)

CONFIDENTIEL

Page 16: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Ford I3 GTDi

BMW Prince TDVi 1

BMW Prince TDVi 2

Volvo VED4

150 hp/l

200 hp/l

100 kW/l

125 kW/l

150 kW/l

• Improved efficiency

• Smaller engines

• Turbocharging

ExpertiseExpertise

Engine downsizing

GM NorthstarVolvo N1P

Renault K4M

Renault D4K

Renault D4T

Ford Sigma

Renault G8TRenault G9T

PSA DV6

Renault M9R GM Z22

Ford Puma I4

Audi W37

0 hp/l

50 hp/l

100 hp/l

0 kW/l

25 kW/l

50 kW/l

75 kW/l

1990 1995 2000 2005 2010 2015

Gasoline

Diesel

16Engines equipped with Montupet cylinder headsCONFIDENTIEL

Page 17: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

ALLOY HT Parts

AlSi7Mg (A356)

(Primary)

T7 Water quench Ford (DV6)…

T7 Air Quench GM (Z-22)…

AlSi7MgCu0,5

(Primary)

T7 Water quench M&M (2.2L CRDI 4 cyl.)…

T7 Air Quench Ford (FOX I3 GTDI)…

Large range of alloys and heat treatments Heat treatment validation

ExpertiseExpertise

▼ HT simulation

Mastery of metallurgy

17

(Primary) T7 Air Quench Ford (FOX I3 GTDI)…

AlSi10Mg

(Primary)T7 Water quench Ford (Puma I4)…

AlSi10MgCu0,5

(Primary)T7 Water quench Audi (W19,W36,W37)…

AlSi7Cu3 (319)

(Secondary)

KF (No HT) Renault (D4, K4, K7)…

T5 Ford (FOX GDI), Renault (K9, M9)…

T7 Water quench Ford (I4 PFI, I4 GDI)…

T7 Air quench Cylinder head in development

Control of the mechanical properties

during the whole product lifecycle

▲ Strain gauges for testing after HT

CONFIDENTIEL

Page 18: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

� Complex geometry design

� Testing and process controlOptimise weight and geometry

for improved fuel efficiency

ExpertiseExpertise

Dimensional accuracy

18

▲X Ray Tomography (CT Scan)

▲Sections for soundness investigation ▲GOM: geometrical dimensioning

▲CAD model VS real part

▲Non destructive thickness analysis

▲3D model

CONFIDENTIEL

Page 19: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Customer design requirements

Complex cores manufacturing

ExpertiseExpertise

Integrated functions Ultra thin coresDouble water jacket

Advanced coring design

19

▲ Integrated exhaust manifold ▲ Audi V6 3l 250hp

Ø < 3 mm

▲ Audi W36/37

CONFIDENTIEL

Page 20: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Product and process development

Simulation competences

ExpertiseExpertise

Research & development

Scientists

& engineers1 5 0 +

20

Product and process development

• New industrial solutions

• Alloy and heat treatment

• Technology intelligence

• Patents

▲ Low pressure filling

(Magma)

▲ Solidification

(QuikCast)

◄ Core shooting (QuikCast)

▲ Tilted gravity filling

(QuikCast)

▲ Static gravity filling

(Magma)

CONFIDENTIEL

Page 21: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

CHASSIS,

BRAKING AND

ENGINE PARTS

• Aluminium chassis parts

• Global footprint

• Technical development

• Engine components

ExpertiseExpertise

ENGINE PARTS• Engine components

• Braking parts

21CONFIDENTIEL

Page 22: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Aluminium chassis parts

Carmakers

Demand for lighter vehicles

Montupet

Aluminium foundry expert

Mass production of

aluminium chassis parts

ExpertiseExpertise

22

aluminium chassis parts

Rear knuckle Front upright

Cross member Machined rear knuckleCONFIDENTIEL

Page 23: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Chassis parts footprint

Chateauroux

(France) Ruse

(Bulgaria)

• Development center:

Chateauroux (France)

• Comprehensive range of casting processes:• Static gravity

• Tilted gravity

• Low pressure

ExpertiseExpertise

23

Montiac, Torreon

(Mexico)

• Low pressure

0

1 000 000

2 000 000

3 000 000

2004 2006 2008 2010 2012 2014 2016 2018 2020

Annual capacity

Bulgaria

Mexico

France

CONFIDENTIEL

Page 24: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Chassis parts development

• Specific controls for safety parts• X-ray with automatic sanction

• Fluorescent liquid penetrant inspection

• Chemical and metallurgical analyses

• Dimensional control

ExpertiseExpertise

24

• Expertise in finite element and casting simulation• Foundry simulation: Magmasoft, Simulor

• FE calculation: Nastran, Ideas

• Simultaneous engineering and best-in-class metallurgists• Component geometry

• Mechanical properties

• Tooling

CONFIDENTIEL

Page 25: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Engine componentsExpertiseExpertise

Wide range of

aluminium castings

Engine performance

and low emissions

systems

Exhaust manifold

Turbocharger

housing

25

systems

Complex coring and

in-house machining

Customers include

OEM and tier-1

Development center:

Alumalsa, Spain

EGR valveIntercooler

And more…CONFIDENTIEL

Page 26: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

GM

Ford

Chrysler

Fiat

Nissan

Braking partsExpertiseExpertise

50 million parts produced

in the past 10 years

5.5 M parts/year installed

capacity

Fully automated

production systems

Master cylinders

Nissan

Mazda

Toyota

26

Montiac, Torreon

(Mexico)

Alumalsa, Zaragoza

(Spain)

CONFIDENTIEL

Page 27: Montupet General Presentation - Mines ParisTechdms.mat.mines-paristech.fr › Programme › Module-B2 › Montupet... · 2016-02-02 · 2016 CONFIDENTIEL*Target plant capacity in

Montupet

27CONFIDENTIEL