Welcome to a safe visit to GKN Filton and Western Approach

Transcription

1 Welcome to a safe visit to GKN Filton and Western Approach Safety Conditions There are numerous chemicals and processes that could pose a hazard to unprotected individual s. Please follow all signs and instructions given by your host whilst on site. To minimise your exposure to hazards you are requested to abide by the following guidelines: Be aware of your environment at all times Stay with your host at all times, always ask for permission before approaching or touching equipment or products Never enter an area that contains warning signs or is cordoned off Follow all safety announcements and instructions that you receive Notify your host if you have an implanted medical device that could be affected by electromagnetic field 1

2 GKN plc Overview Nick Waters CFO GKN Aerospace May 21 st 2012

3 Strategic Goals Building a portfolio of market leaders with: leading market shares in chosen segments above market growth in each division margin expanding through the target ranges technology leadership engineering for the future Sales by division Sales by region 885m 1,003m 1,481m 2,795m 2,232m 2,877m 845m Total 2011 Sales 6,112m 3

4 Global Positioning 44,000 Employees in over 30 Countries 4

5 GKN Driveline From driveshaft to driveline repositioned globally 2011 sales by region Unrivalled capability global no 1 Asia 31% Europe 40% Americas 29% 2011 sales by customer 5

6 GKN Powder Metallurgy 2011 sales by region 0% Sinter - Rest of world 7% Hoeganaes 17% Sinter Americas 38% Sinter Europe 38% 2011 sales by customer 6

7 Land Systems 2011 sales by market Market Leading Positions 2011 sales by customer 7

8 GKN Aerospace Market Business Mix Sector Customer Base 8

9 GKN Aerospace key growth events: St Louis-2002 Secure military position Major Boeing Military relationship Pilkington Aerospace-2004 Stellex-2005 Secure Military Transparency leadership Complimentary to St. Louis Boeing Commercial position on B787 Teleflex-2007 Extend to engine hot section Secure major GE relationship Rolls-Royce Composite Fan Blade JV-2008 Filton Positioning for Next Gen Single Aisle Strategic Partnership with RR Major capability expansion and A350 position Strategic position with Airbus 9 9

10 GKN Aerospace strong sales and margin delivery 10 10

11 GKN Aerospace $2.5B International Aerospace Enterprise 29 sites - 9,000 people GKN Aerospace Marcus Bryson Aerospace North America Kevin Cummings Aerospace Europe Phil Swash Aerospace North America Aerospace Europe & Special Products Group 11

12 GKN Aerospace World Class Product Portfolio Airframe Subassemblies Composite Structures Metallic Structures Engine Products Nacelles Canopies and Transparencies Fuel & Flotation Systems Hondajet Fuselage Assembly A400M Composite Wing Spar F/A-22 Titanium Aft Boom Exhaust Systems Gulfstream G100/G150/ Dassault Falcon 50EX Military Canopies and Windshields Fuel Systems Airbus Fixed Trailing Edge GEnx Composite Fan Case Main Landing Gear Beam Assembly Fan Modules A330 Trent 700 Fan Cowl Door Aircraft Flotation Devices B787 Passenger Windows B787 Section 41 Floor Assembly F-135 Fan Inlet Case F-35 JSF Titanium Bulkhead Fan Blades Bombardier Dash Seals & Gaskets 12

13 GKN Aerospace Well Positioned for the Future * * * * * * * * * * Ship set values $m * Life of Programme Significant proportion of life of programme 13

14 Changing Shape of the Business Sales by Market 2011 Customer Sales 2011 Military 42% Civil 58% 14

15 GKN Aerospace Filton Overview Charles Paterson VP Business Development and Strategy Europe and Special Products

16 GKN Aerostructures Metals / Assembly Sites St. Louis Advanced Machining & Assemblies 1,000,000 SF Monitor Complex Metal Machining 243,000 SF Premac Metal Machining & Assemblies 242,000 SF Filton Advanced Machining & Assemblies Floor Space 800,000 SF Yeovil Fabrications & Assembly Floor Space 290,000 SF Filton Engineering Design Center Bandy Hinges and Machining 48,000 SF Mexicali Low Cost Machining & Tooling 155,000 SF St. Louis Monitor Filton Bandy Premac Filton Yeovil Mexicali Design Center Manufacturing Facility 16

17 GKN Filton World leading capabilities in the design, build & systems integration of major wing assemblies 400M turnover 1500 people Floor space 74,000m² Room for Expansion 25,000 parts shipped per week Procured BOM 11,000 part # s 17

18 GKN Filton Key Capabilities Components Assembly Machining; Large structural and complex parts max 4m x 2m Hard and soft metal capability Advanced Systems Full system capability hydraulic, pneumatic, fuel, anti-ice, electrics Electron beam welding, automated robotic welding and assembly Major structural assembly Metallic and Composite Automated and robotic assembly Supporting capabilities: Design - build capability Independent quality approvals Tool design and manufacture Metrology and conformance engineering Additional capabilities through GKN network 18

19 GKN Filton Wing Products A330/340 Outer wingbox Wingbox ribs Complex ducts, welded assemblies, pipes SA Flap Track levers A330/340 - A400M Leading Edge Assembly Hard Metal LR Trailing Edge Hinge Ribs SA Pylon Brk LR APU Brks LR Inboard LE Track Ribs SA OB Tank Access Doors SA Catcher Brks SA Crown Fitting LR False rear Spar SA Dry Bay Doors A330/340 - A380 - A400M Trailing Edge Assembly LR Fixed shroud A380, A330/340 Gear rib LR & SA Pintle Pin A380 Pintle fitting 19

20 GKN Filton Integration Update Acquisition was successfully completed 5 th Jan 2009, post acquisition 100 day plan was concluded successfully and GKN controls environment installed Full stand-alone capability is established IT systems, Quality Approvals Operational performance is excellent; delivery performance consistently running well above the customer target quality initiatives delivering measurable improvements customer working relationship is very good Value generation projects are delivering; GKN Lean Enterprise approach installed - significant reductions in white collar headcount and inventory have been achieved Design-build capability is in place Filton Engineering Centre has been launched Customer portfolio is being diversified two new customer contracts in implementation in 2011 Delivered three years of strong financial performance Culture change transformation from cost centre to stand-alone competitive business 20

21 GKN Aerospace Western Approach Overview Charles Paterson VP Business Development and Strategy Europe and Special Products

22 Increased Use of Composites in Aerospace Rapid growth since introduction in the 1970 s Next generation Single Aisle - up to 60% composite Military platform growth into UAV s up to 70% composite 22

23 GKN Leadership in Composites First application of RFI in commercial aircraft A380 World s first large wing composite spars - A400M automated lay up process GEnX filament wound composite fan case a first for large commercial engines F35 (JSF) F135 engine fan inlet first composite structural front end to a military engine proprietary RTM process B787 first electronic wing ice protection product 1 st RTM Structure on wing (Boeing) as well as 1 st Class 1 RTM Structure (LHM) Future Composite fan blade high volume, automated RTM process development programme in 2 nd year A400M Composite Wing Spar GEnx Composite Fan Case F135 Fan Inlet Case 23

24 GKN Aerostructures Composites/Assembly Sites St. Louis Advanced Composites & Assemblies 700,000 SF Cromwell Advanced Composite Structures 30,000 SF Tallassee Composite Details & Assemblies 380,000 SF Munich Western Approach Advanced Composites & Assembly 330,000 SF Munich ATL Composites 325,000 SF Cowes Research, Composites, Assemblies 420,000 SF Luton Ice Protection, Composites 250,000 SF Cowes Engineering Design Centre Cromwell Luton St. Louis UK Composites Centre Mexicali Tallassee Western Approach East Cowes Design Centre Manufacturing Facility Future Capability 24

25 Facility Development Western Approach 25

26 Facility Development Western Approach 26

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32 A350 XWB Variants -1000: 343 pax EIS: frames +6 frames -900: 315 pax EIS: frames -1 frame -5 frames -800: 274 pax EIS:

33 A350 Key Programme Facts Single largest programme investment by GKNA 172m Programme including: 70m Engineering Spar Design, Development programme & tooling 84m Spar manufacturing & Automated Assembly capabilities 18m Land, Buildings & Facilitisation Advancing GKN Capabilities First Inner Rear Spar in Composite largest composite part in GKN First use of AFP on this scale - First Advanced Fibre Placement spar manufacture First FTE automated moving assembly system Fully integrated product teams working closely with customer and supply chain Creation of GKN Centre of Excellence for composite spars (Western Approach) A400M Leading Edge & Trailing Edge manufacture transferred from Cowes to Western Approach in

34 Fixed Trailing Edge (FTE) Work Package Overview Fixed Trailing Edge is the main structural sub assembly that forms the critical aft section of the wing Most complex area of the wing with critical interfaces with root joint, landing gear, high lift system, wing covers. Most highly loaded section of the wing. Outer Spar & Assy Mid Spar & Assy Inner Spar & Assy FTE work package comprises 3 Spars total over 27m in length with an accuracy of +/- 0.3mm Total weight of spar carbon is 1132kg/aircraft. GKN package target weight is 1658kg The FTE is 7% of total wing weight and supports 10x its own weight 34

35 Spar Process Flow Goods In Mandrel Preparation Advanced Fibre Placement Hot De-Bulk Transfer to Cure Tool Autoclave Cure Router Non Destructive Testing Paint Rib-Post Assy To Assembly 35

36 Advanced Fibre Placement (AFP) 36

37 Assembly Process Flow Spar and Details MRS & ORS Robot Drill Load to Jig IRS 5 Axis Drill Bolt & Assemble Move Despatch Digital Scan Joint Spar Integration 37 Robotic drill & Integrate

38 A400M SPARS 38

39 Spar Manufacture 39

40 Spars One of the eight spars that we produce for the A400M: Deflectors Vertical stiffeners Rib posts Horizontal stiffeners Throat plates 40

41 Summary

42 Summary GKN Aerospace Proven track record of growth and margin progression into 11% - 13% range Strong position on existing programmes with increasing build rates New programmes now set to ramp-up production Technology development remains a focus and is positioning GKN for future programmes Filton acquisition and integration very successful and A350 capabilities now being proven Airbus relationship is hugely important and continues to strengthen Thank you for your attention 42