nordex montevideo, may 2014 corporate...
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Nordex at a glance Installed capacity [>10 GW]
NORDEX COMPANY PROFILE
! Global manufacturer of wind energy systems with a focus on turbines in the Multi-MW class (2.4/2.5/3.0/3.3 MW)
! Most extensive and consistent use of platform technology in the industry; variants for different wind and climate conditions leveraging shared components
! Main production sites in Germany (Rostock – blades and nacelles) and global sales and service network
! Headquartered in Germany (Hamburg) ! Listed company in the German TecDax ! Main shareholder Skion/momentum
(22.79%), rest is freefloat1
! ~2,500 employees ! Track record as of 3/2014:
5,700 turbines with >10 GW in 38 countries worldwide
1 On the basis of 73.529 mn shares, as of Nov. 2013
Nordex Corporate Presentation
Region
Germany 23%
Europe 59%
Asia 10%
Americas 7%
Africa 1%
Segment
MMW Class (2.3-2.5 MW) (3.0/3.3 MW)
67%
Mid-size (1.3/1.5 MW) 25%
Small (<1.0 MW) 8%
WELL ESTABLISHED GLOBAL MARKET PRESENCE WITH CENTRALIZED PRODUCTION IN GERMANY
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Production and sales network
Headquarters Countries with Nordex turbines installed/ in installation Production Site Subsidiaries
Barcelona Porto Istanbul
Chicago Hamburg
Beijing
Bucharest
Paris Roma
Islamabad
Cape Town
Kolding Uppsala
Oslo Helsinki
Rostock (Nacelles, Blades)
Warsaw
Manchester Dublin
Nordex Corporate Presentation
ACTIVITIES: GLOBAL / AMERICAS TARGET MARKETS IN THE AMERICAS
Target Markets
" First installation in target markets in South America in 2013 (Uruguay)
" Create service organization near contracted projects (Uruguay)
" Contract local suppliers of installation, domestic transportation, and maintenance services (Uruguay)
" Open new office in South America in 2014 (Chile) " First installation in second target markets in South
America in 2014 (Chile)
MW Installed 1
MW under Construction 1
673 MW
26 MW
19.5 MW
Canada
Honduras
USA
Columbia
MW under Development 1
1,500 MW
Target Market Plans
Target Market Presence and Activity
Canada
Mexico
U.S.A.
Honduras
Chile Uruguay
Puerto Rico
Costa Rica
Peru
Ecuador
Columbia
NX Americas Headquarters NX South America Office Service Organization Americas
Potential
HQ
Target 300 MW
1""as of Apr 2013
Uruguay 117 MW
Chile 70 MW
> 200 MW
NORDEX SCOPE OF SUPPLY
Civil Works Electrical Infrastructure
Installation & Commissioning Hand over Service Turbine Delivery
Wind Farm System Planning
Production and Technical
Implementation
Wind Farm Operations
Service and Maintenance
! Review customer micro-site planning
! Support customers (co-development) to receive approvals and to optimise park layouts
! Assemble WTG
! Produce selected components
! Install onsite
! Carry out initial operation
! ~3,000 turbines currently under Nordex service
! Full service contract offerings up to 10+5 years
! Offer additional services: increased demand due to new wind farm investors interested in stable cash flows
Core Business
6 Nordex Corporate Presentation
NORDEX: TRACK RECORD IN WIND TURBINE BUSINESS
Units installed
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Turbine type Units installed (no.) First installation
(year)
Sub-MW 1,425 1985
MW-class (1,0 – 1,5 MW) 1,654 1996
MMW-class (2,3 – 2,5 MW) 2,618 2000
3MW-class (3,0 – 3,3 MW) 3 2013
Total 5,700
As of March 2014
Nordex Corporate Presentation
Gamma Generation Capacity Swept area Certified for
N90/2500 2.5 MW 6,362 m2 IEC I
N100/2500 2.5 MW (+23%) 7,823 m2 IEC II
N117/2400 2.4 MW (+37%) 10,715 m2 IEC III
Current platform (Gamma & Delta Generation)
THE NORDEX 2.4/2.5 MW CLASS
9 Nordex Corporate Presentation
Delta Generation Capacity Swept area Certified for
N100/3300 (+32%) 3.3 MW (+23%) 7,823 m2 IEC I
N117/3000 (+20%) 3.0 MW (+37%) 10,715 m2 IEC II
N131/3000 (+25%) 3.0 MW (+26%) 13,478 m2 IEC III
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N117/2400 news update February 2011: Nordex launched N117/2400, the world‘s first Multi-Megawatt light wind specialist WTG December 2011: Installation of the first turbine on time Within 2012: Confirmation of key performance characteristics in the field July 2013: N117/2400 fully IEC type certified ahead of schedule In 2013: Windpower monthly: N117/2400 wins gold as „Turbine of the Year� 2013
MORE THAN 350 N117/2400 SOLD TO DATE
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34x Beebe I +19x Beebe II
9x Honkajoki
21x Florida 28x Juan Pablo Terra
5x Illschwang
8x Zöschingen
7x Hohenahr 6x Remlingen
1x Stadum 1x Behrendorf
1x Hohen-Luckow
2x Ursensollen
1x Dradenau II
>350x N117/2400 in total >840 MW in the field or order intake
15x Monaincha
7x Bayrischer Odenwald
8x Wetzdorf
...and many more
>140 N117/2400
Installed Order Intake
Status: January 2014
56 x Amakhala
8 x Nyby-Ii
6x Harzkopf
4x Ruhlkirchen 5x Schwanfeld
5x Kirchhain
7x Hochheim
5x Rotes Land
4 x Aliaga
18x Ullersdorf
GENERATION DELTA TURBINES FOLLOW SUCCESSFUL PATH LAID BY GAMMA TURBINES
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Current product portfolio
Rotor Ø
131 m
117 m
100 m
90 m
6,0 6,5 7,0 7,5 8,0 8,5 9,0 9,5 10,0
Wind Speed in m/s
IEC 3a IEC 2a IEC 1a
N117/3000
N100/3300
N117/2400
N100/2500
N90/2500
+3
0%
AEP*
+3
0%
AEP*
SOP* 01/2014
SOP* 01/2014
Product Development
Principles
1. New product every 18-24 months
2. One highly competitive turbine per wind class
3. Continuous launch of efficiency improvement packages to keep product competitive
4. Innovations like “anti-icing” as differentiator *SOP = Start of production
*AEP = Annual energy production
Nordex Corporate Presentation
N131/3000
SOP*06/2015
+2
5%
AEP*
0"
500"
1000"
1500"
2000"
2500"
3000"
0" 2,5" 5" 7,5" 10" 12,5" 15" 17,5" 20"
Power"[kW]"
Wind"speed"[m/s]"
SIGNIFICANT GAIN IN ANNUAL ENERGY PRODUCTION
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95,0
104,5
97,0
105,0
94
96
98
100
102
104
106
0 2 4 6 8 10 12 14
So
un
d p
ow
er
leve
l LW
A i
n d
B(A
)
Wind speed v in m/s
N131/3000-R99
N117/2400-R91
-2db(A)
Stronger: rated output
Larger: swept area
Example: N131/3000 IEC3a
FLEXIBLE TOWER HEIGHTS ARE KEY FOR SUCCESS
N117/2400: annual energy yield
+16%
+ 21% Higher yield due to greater hub heights
Topographical obstacles, such as trees, may
result in lower yields. At higher hub heights,
the wind quality is better.
91m (6.5m/s)
120m (7.16m/s)
141m (7.41m/s)
14 Nordex Corporate Presentation
N131/3000 TOWER PORTFOLIO
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134 m 114 m 99 m
< 165m
< 180m
< 200m
! Tubular steel tower ! 4 Tower segments
! Tubular steel tower ! 5 Tower segments
! Hybrid concrete/steel tower
Extended Protects your investment
Premium Full-service solution
FLEXIBLE SERVICE PACKAGES
Contract packages – Suitable solutions for your requirements.
! Our customers’ requirements vary according to:
! the level of service complexity and
! protection from expected risks.
! The Nordex Service contracts offer variable package solutions to meet these requirements for 3, 5, 10 years or even longer terms.
Premium Light
Partnership for risk sharing
17 Nordex Corporate Presentation
1. Profile
2. Products
3. Scope of supply
4. Financials & outlook
CONTENT
18 Nordex Corporate Presentation
SHAREHOLDER STRUCTURE OF NORDEX SE
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On the basis of 73.529 mn shares, as of November, 26 2013
Free float 77.21%
SKion/momentum capital 22.79%
Nordex Corporate Presentation
PRODUCTION FACILITIES FOR TURBINE ASSEMBLY AND BLADES CONCENTRATED IN ROSTOCK, GERMANY
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Nacelle assembly Blade production
! Max. capacity: >2,500 MW p.a. (2-shift) ! Complementary switch cabinet assembly ! State-of-the-art line production
! Max. capacity: 700 blades (300x NR 50; 400x NR 58.5; after finalized NR 58.5 ramp-up)
! Automated systems (e.g. paint shop) ! ~1/3 of 2013’ blade demand supplied inhouse
Nordex Corporate Presentation
NORDEX FOCUS MARKETS AT A GLANCE - NEW MARKET ENTRIES ARE CAREFULLY ANALYSED AND QUICKLY EXECUTED
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Currently active in 21 countries – exemplary market highlights 2012
Pakistan Market leader
Marketshare 2012: 100%
South Africa Three projects won in the first two tender rounds
(314 MW)
Uruguay Market entrance with two
projects (118 MW)
Turkey TOP 3
Marketshare 2012: 11%
Norway TOP 2
Marketshare 2012: 32%
Germany TOP 4
Marketshare 2012: 4% Increase in OI +60% yoy
Sweden TOP 3
Marketshare 2012: 10%
UK TOP 4 onshore
Marketshare 2012: 11%
Ireland TOP 2
Marketshare 2012: 32%
Chile / Honduras NXD pipeline > 300 MW
USA Top 10
Marketshare 2012: 2%
Thailand / Philippines First conditional OI
France TOP 5
Marketshare 2012: 7% NXD pipeline ~900MW
Project development pipeline
Nordex Corporate Presentation
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BEST-SELLING N117/2400 IN URUGUAY
Nordex Corporate Presentation
Impressions of Florida Wind Farm (UY) – 21 N117 2.4MW R91
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BEST-SELLING N117/2400 IN URUGUAY
Impressions of Juan Pablo Terra Wind Farm (UY) – 28 N117 2.4MW R91
Nordex Corporate Presentation
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BEST-SELLING N117/2400 IN URUGUAY
Impressions of Juan Pablo Terra Wind Farm (UY) – 28 N117 2.4MW R91
Nordex Corporate Presentation
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