New tools in the Toolbox Why apply new strategy and cooperation model Mogens Nyborg Pedersen Head of Global Sourcing © Siemens AG 2013 – All rights reserved Company profile Challenges & Strategies Modularization and strategic cooperation © Siemens AG AG 2013 – All– rights reserved © Siemens 2013 All rights reserved Page 2 E W SPR GS SIEMENS AG Answers provided by 19 Divisions in four Sectors Energy Oil & Gas Fossil Power Generation Energy Service Solar & Hydro Power Transmission Wind Power Infrastructure & Cities Building Technologies Mobility & Logistics Smard Grid Low & Medium Voltage Rail Systems Osram Restricted © Siemens AG 2013 All rights reserved. Industry Industry Automation Drive Technologies Customer Services Metals Technologies Healthcare Imaging & Therapy Systems Clinical Products Diagnostics Wind Power Division CEO Dr. Markus Tacke Americas (E W AM) APAC (E W APAC) EMEA (E W EMEA) Business Units Division Wind Power Division Organizational structure Business Fields Onshore wind farms Offshore wind farms Service* Offshore No. 1 *Energy Service Division (E S) Restricted © Siemens AG 2013 All rights reserved. Market position Wind Power Division Key figures for fiscal year 2013 Key figures for FY 2013 New Orders 6.6 Revenue 5.2 Division Profit 0.3 (in billions of €) Employees* *incl. Service Restricted © Siemens AG 2013 All rights reserved. 10,901 Wind Power Division Market and locations Market Market growth for wind energy (installed capacity in MW) is estimated at 2% a year (2012–2018)*: Onshore (2012–2018): 0.7% p.a. Offshore (2012–2018): 13.4% p.a. Market position: No. 1 in offshore market No. 3 in global installations (2012) Locations Headquarters: Hamburg, Germany Production locations: Denmark Nacelles: Brande Blades: Aalborg Blades: Engesvang China Blades and Nacelles: Lingang City, Shanghai Americas Nacelles: Hutchinson, Kansas Blades: Fort Madison, Iowa Blades: Tillsonburg, Ontario, Canada Sales and service centers worldwide * Market Update 2013 Restricted © Siemens AG 2013 All rights reserved. Siemens Wind Power Facts at a glance Siemens Wind Power facts One of the world’s leading suppliers of wind power solutions Acquired Danish wind turbine manufacturer Bonus Energy A/S in 2004 Installed Base: > 13,100 turbines with ~ 22,100 MW capacity Installed in CY 2012: > 4,100 MW 10,900 employees globally incl. Wind Service Record order backlog of ~ € 12 billion incl. Wind Service Revenue in FY 2013: € 5,2 billion) Restricted © Siemens AG 2013 All rights reserved. Page 7 November 2013 Siemens Wind Power Division Getting the costs of energy down - Innovations Example 1: The B75 - one of the world’s largest rotor blades • Increased rotor-swept area harvests more wind and is thus crucial for the annual energy yield of the turbine. • IntegralBlade-Technology: the world's largest fiberglass component cast in one piece. • No seams or glued joints and no adhesive, all of which saves weight. Restricted © Siemens AG 2013 All rights reserved. Page 8 November 2013 Siemens Wind Power Division Getting the costs of energy down - Innovations Example 2: Nacelle – Direct Drive Technology • Gearless drive train increases reliability and availability • 50% less parts reduces maintenance time • 30% less weight facilitates installations offshore • Higher energy yield Restricted © Siemens AG 2013 All rights reserved. Page 9 November 2013 Siemens Wind Power Division Getting the costs of energy down - Innovations Example 3: 6 MW offshore gearless wind turbine • Direct Drive wind turbine with 6 MW rated power and a 154 m rotor diameter designed specifically for the harsh offshore environment • Simple and straightforward design based on and benefiting from experience with smaller Siemens Direct Drive turbines • Towerhead mass less than 350 tons – a new low-weight standard for offshore turbines. This will contribute significantly to reduced cost of offshore wind energy, including Balance of Plant • Turbine design optimized for offshore installation and commissioning • High emphasis on safe and comfortable working environment, and cost effective service and maintenance Prototype installation Høvsøre, Denmark Restricted © Siemens AG 2013 All rights reserved. Page 10 November 2013 Siemens Wind Power Division Getting the costs of energy down – further levers: Synergies with maritime industry • A2Sea: Siemens 49 % und DONG 51 % • Synergies of offshore know-how of OEM, utility and maritime economy • Tailor-made ships contribute to lower installation help to e senken time and cost • Next-generation vessel SEAINSTALLER first Siemens 6MW wind turbines at Gunfleet Sands III (DONG Energy) installed • Rekord installation time of less than 24 hours per wind turbine in spite of particularly harsh weather conditions in January Restricted © Siemens AG 2013 All rights reserved. Seite 11 26.08.2013 Markus Tacke | E W Agenda Company profile Challenges & Strategies Modularization and strategic cooperation © Siemens AG AG 2013 – All– rights reserved © Siemens 2012 All rights reserved Challenges Chances Chances and Challenges Environment for future growth We are… …growing faster then competition …among the most profitable wind turbine manufacturers …the Offshore market leader and will stay that way …reliable partner and are seeking long term partnerships We have… …the world’s biggest assembly plant in Brande …the strength of Siemens in our back Price productivity demand has increased Customers expect shorter project lead times Customers quality requirements are increasing Strong seasonal pattern of customers demand Product variety is increasing Globalisation of the business and our organisation © Siemens AG 2013 – All rights reserved Page 13 E W SPR GS Technology Development – Turbine Size Boeing / Douglas Aircraft MTOW Growth SWP WTG Growth,Extrapolated Extrapolated SWP WTG Growth, Boeing/Douglas Aircraft MTOW Growth 1000 1000 Historical Extrapolated Plateau 100 Maximum Take-Off Weight (tons) Nameplate Rating (kW) 10000 10 100 10 1 1975 1980 1985 1990 1995 2000 2005 2010 Year 1930 1950 1970 1990 2010 Year Until 2003 exponential growth From 22 kW to 2.3 MW over 25 years Doubling time 4 years Plateau reached 2003 at 2.3 MW Flagship SWT-6.0-154 turbine has 154 m wing span – Boeing 747 has 64 m © Siemens AG 2013 – All rights reserved Page 14 E W SPR GS Flagship of the Multi-MW class: SWT-6.0-154 wind turbine Main data: IEC Class: Rotor diameter: Blade length: Swept area: Hub height: Power regulation: IA 154 m 75 m 18,600 m2 Site-specific pitch regulated, VS Towerhead mass: 350 t (as per December 2012) Page 15 © Siemens AG 2013 – All rights reserved E W SPR GS In the future, logistic and Value stream excellence will make the difference Past Now Supply Demand Demand >>> Supply • Growth • Global spread • Local content • Larger turbines • • • • Page 16 Demand <<< Supply • • • • • Shift of projects Price reductions Long term agreements Reliable partners (offshore) Local content Capacity constraints Shortages Price increases Heavy investments of Suppliers • Stabilize, improve and prepare • Raw material price red.. • Overcapacity • Supplier instability • Reduction costs Size the supply chain Establish Global Footprint = Key action Future Demand = Supply • • • • • Turbine is commodity New turbine types (DD) Faster-to-market Value added options Offshore Growth • • • • • Logistic excellence Global/regional/local Fast reaction Optimized supply System supply/ (standard) modules • Assembly in harbor Optimize logistics © Siemens AG 2013 – All rights reserved E W SPR GS Applying the right strategy is an essential lever, especially in the procurement and transport driven wind industry SCM’s procurement strategy global regional high 1 – TOWERS BLADES GEN 2 Magnets Regional supply Depending on industrial infrastructure Supporting development Regional suppliers supporting global Lead supplier for Sub Modules Stator GBX HYDR PU 1 Heavy and large components 2 Systems CASTINGS Global CoC Local production if needed FORGINGS Low – Added value local 3 KITS ASSEMBLY 3 Kits (B/C-parts) Global provider Low – Transport cost – high Potentially, with local presence Procurement strategy is to have sustaining relationships with global best in class suppliers who support global AND local demands © Siemens AG 2013 – All rights reserved Page Page 1717 E W SPR GS Wind power ‘4i’ strategy to reach a sustainable Top 3 position in the future R-Evolution Growth Flawless execution People LEC (EUR/kWh) 0.100 0.010 2005 Innovation Technology leadership through direct drive Comprehensive innovation projects to reduce LEC Modular thinking through platforms Accelerate innovation cycle 2 3 2 1 3.0 101 DD – RProjected Evolution EEX electricity Price ceiling (1) price case Price ceiling with Chinese 2010 2015competitors 2020 (2) 2025 3 2 2030 Industrialization International Foster transition ization Talent acquisition, development & retention “Zero Harm” to all employees, Suppliers and customers 1 2 to large serial production Flexible and lean manufacturing Industrialize Offshore value chain (A2SEA partnership and lean BOP design) Relentless cost down Modularization Customer Intimacy Regionalize operations Increase global footprint, while maintaining strict capacity control Drive SMART out of China Global Value Sourcing Reach wholesale parity within 3-5 years Strategic Partnerships (Dong, SSE, RWE) Broaden customer base Build up through local sales forces Establish a concept for serving small customers Achieve Top 3 Processes Process optimization Strong risk assessment of new products (TÜV certification) Enhanced prototype testing Organization Shaping the organization for future growth Regionalization Keep target margin © Siemens AG 2013 – All rights reserved Page 18 E W SPR GS Early Procurement activities and establishments support Global Footprint strategy UK (planned) Russia Czech (planned) Romania Canada Ft. Madison (blade) Hutchinson (nacelle/hub) Spain (under consideration) Turkey (under consideration) Mexico India Shanghai (Nacelle, Hub, blade) Vietnam Brazil Engesvang (blade) Ølgod (hub) Supply Chain Additional Supply Chain Brande (nacelle prod. & Global HQ) Aalborg (blade prod. & R&D blade design) Procurement Offices © Siemens AG 2013 – All rights reserved Page 19 E W SPR GS Rigid Processes needed for rapid growth and Globalization © Siemens AG 2013 – All rights reserved Page 20 E W SPR GS R-evolution takes customer perspective and makes Wind competitive with conventional energy R-evolution – Strategic umbrella of all activities within Energy Renewables Goal: Long-term competitiveness with conventional energy time Offshore KPI: Generation cost from customer perspective Onshore 4 EUR ct / kWh LEC WTG invest LEC = OPEX Other CAPEX + + Lifecycle energy output SWP scope CAPEX (WTG invest) Source: R-evolution, E R WP CP Page 21 Other CAPEX (e.g., foundation) Lifecycle OPEX (e.g., service) Lifecycle energy output © Siemens AG 2013 – All rights reserved E W SPR GS Company profile Challenges & Strategies Modularization and strategic cooperation © Siemens AG AG 2013 – All– rights reserved © Siemens 2012 All rights reserved Page 22 E W SPR GS Our biggest competitor…… Long term target is to Beat fossil Long term target is to Versus Our biggest competitor is not another turbine manufacturer. It is fossil fuel. We have set the goal of bringing down the cost of wind energy to become free of subsidies. © Siemens AG 2013 – All rights reserved E W SPR GS Global footprint to reflect regional and local markets for SWP and Supplier General setup and strategy for the global footprint Large plants Local content / Currency Economy of scale/Lean Module assembly acc. to Core Competence matrix Fundamental setup Asia Flexibility $ Lead factory at Strategic Supplier in one Region 2nd Tier Component supply base EMEA and APAC $ Optimized landed costs Flexible capacity Modular SWP Assembly Logistic EMEA Satellites for local content Strategic Supplier set-up Sourcing in currency we sell $ Supply cluster Americas Modular thinking reducing Transportation cost Sub Module Supplier Supply Base Supply lines Lead factory Sub module Supplier © Siemens AG 2013 – All rights reserved Page 24 E W SPR GS The future lies in modularization Each product is made up of six modules, which are the main building blocks of our turbines. © Siemens AG 2013 – All rights reserved Page 25 E W SPR GS Primary advantages of Modularizaton Program simplification •Strengthen core Outbound logistics R&D simplification Make or buy facilitation Global footprint Modules & submodules © Siemens AG 2013 – All rights reserved Page 26 E W SPR GS Turbine layout – D3 Brake console Yaw gear assy Mounting plate in bedframe Blade Complete stator HUB Cooling tower Blade bearing assy. HPU Back-End Tower Complete yaw assy SICS Mounting plate in shaft Generator cooling unit Generator © Siemens AG 2013 – All rights reserved Page 27 E W SPR GS Modularization has achieved already some initial success cases on Modularization and Standardization Modularization and outsourcing the existing items • Same Yaw Gear assembly can be used in D3 and D6 platform • Reduction of, e.g., development and testing time, warehouse space, ... • Cooling Tower/ Generator Cooling outsourced to Tier 1 supplier • Modularization • and logistics • cost reduction • Reduction of complexity. Reduce BoM parts from > 50 pcs. To 1 pc. Split Nacelle and Back-end Reduction of transport cost I US Enabler for flexible production (back-end from US, generator from DK) © Siemens AG 2013 – All rights reserved Page 28 E W SPR GS Wind Turbine industry need to adopt the Industrialization and Modularization techniques Can we adopt the industrialization and modularization techniques used by the automobile industry? This is not quite the case……….. Using modules and product platforms for wind power plants saves money on purchasing activities, simplifies storage and allows us to execute large production runs as just a few benefits. © Siemens AG 2013 – All rights reserved Page 29 E W SPR GS Early supplier involvement engages procurement into product development, supporting costs of innovative products Potential of early supplier involvement Savings To-be Potential of early supplier involvement As-is Time 1 40 3 >100 Product Development Process Concept Development Volume Release © Siemens AG 2013 – All rights reserved Page 30 E W SPR GS Price focused Procurement vs. Total Cost focus. Requirements for Component Supplier Shared Risk and opportunities for Module Supplier •Competitive pricing • Risk sharing models •Payment terms of 75 days next first • Investment requirements based on •Acceptance of our contractual standards •Global footprint or supply scope •Deliveries under schedule agreement and within short lead times commitments and shared risk. • Raw material and 3rd-party sourcing. As affiliate to SWP, when lower cost. • Storage and logistic •On Time Deliveries of more than 90% • Open book policy •Highest Quality • Sharred inovation – Early involvement •Strong technology capabillities • Optimization and cost out •Flexibility • Contract design (warranties & liabilities) • Quality (System responsabillity) © Siemens AG 2013 – All rights reserved Page 31 E W SPR GS Success Criteria for establishing efficient global Value stream © Siemens AG 2013 – All rights reserved Page 32 E W SPR GS Strategic Suppliers are a future member of the Module Group External Service Lead supplier 1 Lead supplier 2 Dept x Module Group EW SPR (incl quality) EN OPS • Module Groups run by a Module Owner (actors: EN, SPR, OPS) will be the primary owner impacting the Commodity Group set-up & responsibilities • Module owner should be responsible for • current and forecasted total lifetime cost • supplier requirements • module quality and performance • technology roadmap • MoB decisions on sub-modules • Interfaces between sub-modules © Siemens AG 2013 – All rights reserved Page 33 E W SPR GS Questions & Answers Best @ Wind . We want to be the Best @ Wind - this is our ambition. Best @ Wind means we want to be preferred because of our quality, reliability, innovation and responsibility. That is our way to achieve sustainable success and a long term profit. © Siemens AG 2013 – All rights reserved Page 34 E W SPR GS