Welcome to GKN Aerospace Filton and Western Approach
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Welcome to GKN Aerospace Filton and Western Approach Neil McManus| CEO Aerospace Europe & Special Products John Pritchard| VP & MD GKN Metallics GKN Aerospace £2.2billion International Aerospace enterprise 32 sites, approx 12,000 people Daniele Cagnatel GKN Aerospace Aerostructures North America Neil McManus GKN Aerospace Europe Mike McCann GKN Aerospace Engine Systems 2 INVESTOR AND ANALYST TOAerospace GKN AEROSPACE SITES OCTOBER Investor Visit –VISIT GKN – August 2014 2013 Kevin Cummings CEO GKN Aerospace GKN Aerospace – Making things fly Lead in chosen markets Building stronger strategic relationships New customers Excellent customer relationships Leverage global footprint Develop more business in Asia and Americas Extend global value chain Customer proximity Globalise our business Technology driving margin Innovation in key products Process innovation Partnering with customers on unique technologies Deliver customervalued innovation Operational excellence Improve safety performance Class leading cost, quality, delivery Fully implement Lean in whole value chain Values – walking the talk Safe, lean operations Sustain above market growth Increasing share with current customers Partnering on new programmes Bringing new technologies to market Successful acquisitions 3 INVESTOR AND ANALYST TOAerospace GKN AEROSPACE SITES OCTOBER Investor Visit –VISIT GKN – August 2014 2013 17% CAGR achieved 2005-2013 GKN Aerospace 4 INVESTOR AND ANALYST TOAerospace GKN AEROSPACE SITES OCTOBER Investor Visit –VISIT GKN – August 2014 2013 GKN Aerospace – World class product portfolio Aerostructures Engine structures Special products 45% of Sales 2013 50% of Sales 2013 5% of Sales 2013 Wing Fuselage Nacelle and Pylon Engine Systems and Services Engine structures Engine rotatives Transparencies and Protection Systems J-UCAS Fuselage A380 Fixed Trailing Edge B747-8 Exhaust B787 Anti-icing System A350XWB Rear Spar CH53K Aft Fuselage A400M Engine Intake V22 Fuel Tanks A330 Flap Skins B787 Floor Grid B767 Winglet HondaJet Fuselage B787 Cabin Windows B787 Inner Core Cowl Full Engine MRO and support Ariane 5 Exhaust nozzle 5 INVESTOR AND ANALYST TOAerospace GKN AEROSPACE SITES OCTOBER Investor Visit –VISIT GKN – August 2014 2013 F35 Canopy Market drivers bringing opportunities Drivers Fuel price Noise legislation Increasing passenger travel in emerging markets Requirement Higher fuel efficiency Better noise attenuation Increasing demand for aircraft Solution Engine technology changes - hotter cores, lighter fans New materials – composite fans/cases, titanium replacing composites Airlines renewing fleets sooner GKN opportunity GKN technology composite fans and cases for future large aircraft Strong position on geared turbo-fan Specialist titanium engine structures for next generation engines Winglets and future wings Light weight composite Increased new aircraft sales 6 INVESTOR AND ANALYST TOAerospace GKN AEROSPACE SITES OCTOBER Investor Visit –VISIT GKN – August 2014 2013 GKN Aerospace – well positioned for the future Commercial B737 / A320 HTF7000 A350 B787 A330 A380 Blackhawk V22 Military C130J A400M JSF CH53-K F/A-18 C17 1 2 3 4 5 6 Ship set values $m 7 INVESTOR AND ANALYST TOAerospace GKN AEROSPACE SITES OCTOBER Investor Visit –VISIT GKN – August 2014 2013 7 8 Technology – Targeted innovation Future product differentiation Future wing technologies Advanced fuselage Nacelle, pylon and exhaust Engine structures Engine rotatives Transparencies and coatings Next generation composite processes Advanced metallic processes Advanced process development 8 INVESTOR AND ANALYST TOAerospace GKN AEROSPACE SITES OCTOBER Investor Visit –VISIT GKN – August 2014 2013 Ice protection systems GKN Aerospace summary Growth c.2% above market Good position on existing and new commercial programmes On the right military platforms Margin range 11% to 13% GKN technologies bringing customer value Capital allocation Effective make or buy Balance between partnerships and long-term agreements Lean deployment throughout value chain ROIC >20% Business performance Requires time to recover Volvo Aero and new programme investments Strong cashflow 9 INVESTOR AND ANALYST TOAerospace GKN AEROSPACE SITES OCTOBER Investor Visit –VISIT GKN – August 2014 2013 Welcome to GKN Aerospace Filton Filton – A Century of aircraft manufacturing expertise 1910 British & Colonial Aeroplane Company founded at Filton – Bristol Boxkite first aircraft manufactured 1949 First flight of the Brabazon 1960’s & 1970’s Concorde 146 Regional Jet Fuselage – fully equipped and tested Tornado machined components A310 trailing edge 1980’s & 1990’s First A321 fuselage section delivered Airbus A330/340 major sub-assemblies, Leading edge & trailing edge Outer wing box 2000’s A380 components and trailing edge assembly A400M components, leading and trailing edge Today - GKN Aerospace Filton Manufacture of major sub-assemblies and components for every Airbus aircraft Dassault wing moveables design build package JSF machined components Other customers include Rolls Royce, Cobham, BAE Systems, Boeing and Triumph 11 This is GKN Aerospace Filton – Overview Sales: £387m Major Assembly & Integration Workforce >1,750 Wing Box Leading Edge Trailing Edge including >100 Design Centre Engineers Structural SubAssembly Flight Control Surfaces Shroud Box Fixed Shroud Facilities: 105,000sqm Programmes: Large Civil Military Transport Biz Jet Military Fast Jet Machined Primary Structural Components Gear Ribs Pintle Fitting Rib Centre of Excellence 12 Wing Systems Fuel Anti-Ice Bleed Air Pneumatics Hydraulics GKN Filton – A Growing Business Investing in the Future New Customers Joint Strike Fighter Dassault Boeing Triumph Facilities £23M capital investment since 2009 £30M projected over next 3 yrs (~70% on increasing capacity) Filton Engineering Centre established New technology investment – Linear Friction Welding & Additive Manufacture People Safety Employee engagement Education and Community support Apprenticeship programmes – supporting the site infrastructure & ensuring we are fit for the future 13 GKN Additive Manufacturing The possibilities and benefits are exciting Unlocks materials science Only uses the material you need - uses less material Design no longer constrained by conventional manufacturing processes Allows design for functionality Speed and flexibility of development A revolutionary set of technologies – not evolutionary Phased introduction is implicitly required Secondary derivative structure before primary optimised Need to pin variables to gain acceptance Process and material are now linked like never before Big challenge to the industry in evaluation How to certify New and novel QA techniques required 14 Welcome to GKN Aerospace Western Approach August 2014 Steve Colebrook – General Manager, Western Approach Safety – GKN Core Value • Please stay with your host at all times • Remain within designated gangways whilst on production floor • PPE rules to be respected at all times • Keep hands-off raw material and cured carbon • No Test Fire Alarm schedule for today • Emergency Exits are clearly identified, remain with your host and follow them to the Muster point Have a Safe and Enjoyable visit 16 GKN Western Approach • £170M invested in new state-of-the-art composite wing structures manufacturing and assembly facility • Over 30,000m2 of floor space 17 Advancing GKN Capabilities on A350XWB Western Approach – GKN’s Centre of Excellence for major composite primary structure components First Advanced Fibre Placement spar manufacture – largest composite part in GKN First FTE automated moving assembly system Fully integrated product teams working closely with customer and supply chain 18 A350 Fixed Trailing Edge Design Outer Spar Mid Spar Inner Spar 3 Spars total over 27m in length with an accuracy of +/- 0.3mm Total weight of spar carbon is 1230kg/aircraft FTE assembly weighs 1800kg The FTE is 7% of total wing weight and supports 10x its own weight First “large Scale” assembly operation undertaken by GKN 19 Spar Process Flow Goods In Mandrel Preparation Autoclave Cure Router Transfer to Cure Tool Advanced Fibre Placement Non Destructive Testing Paint Rib-Post Assy To Assembly 20 Assembly Process Flow Spar and Details MRS & ORS Robot Drill Load to Jig IRS 5 Axis Drill Move Bolt & Assemble Despatch Spar Integration Robotic drill & Integrate Digital Scan Joint 21 Integration Jig – Port & Stbd 22 FTE in Jig Customer Page 23 23 Wing Static Test 24 A400M Atlas 25 ATL Manufacture 26 A400M Spar Manufacture 27 A400m Stiffeners – Composite Details Insert document28title in Tour of Western Approach Visits to: Advanced Composites Centre of Excellence Automated Assembly Facility Thank you for your visit 29
