Lessons Learned from Reliability and Maintenance Benchmarking What Does World-Class Performance Look Like? Presented by: Tom Svantesson Senior RAM Consultant Confidentiality Statement This presentation is confidential and intended for the sole use of the client to whom it is addressed. The information and methodologies outlined herein are proprietary and their expression in this document is copyrighted, with all rights reserved to HSB Solomon Associates LLC (Solomon). Copying or distributing this material without permission is strictly prohibited. M³ – Measure. Manage. Maximize.®, Comparative Performance Analysis™, CPA™, NCM³®, Q1 Day 1™, EII®, CEI™, CWB™, Solomon Profile® II, etc. are registered and proprietary trademarks of Solomon. The absence of any indication as such does not constitute a waiver of any and all intellectual property rights that Solomon has established. 2 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Protecting Intellectual Property (IP) Mutual Trust and Obligations Methodology, Metrics & Database Input Data Client IP Aggregated Industry Results Company Annual Reports & Websites Investment Community Taxing Authorities Client Results Solomon’s IP Non-Disclosure Agreement (NDA) Consulting Firms Potential Third Parties Written authorization required before sharing IP with a third party 3 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Comparative Performance Analysis • Solomon began its Comparative Performance Analysis (CPA) approach to benchmarking in 1980 • Comparative Performance Analysis Fuel Study (>85% of global refining) Olefin Study (>67% of global manufacturing) RAM Study (>1,000 process industry plants) Power Study (power generation) Pipeline and Terminal Studies Other Specialty Studies 4 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com International Study of Plant Reliability and Maintenance Effectiveness • Solomon began benchmarking Reliability and Maintenance (RAM) in 1996 • Process industry Chemical/petrochemical Refining Implemented in the 1996 chemical process industry using 17 process families covering >200 chemicals 1995 RAM Study developed in response to a request from the Chemical Manufacturers Association 2000 Adapted for refining using Solomon Fuels Study process families (e.g., CDU, FCC, etc.) Developed Equivalent Maintenance Complexity (EMC) factor to enhance data normalization 2008 RAM Study redesign based on client feedback 2011 2010 RAM Study database contains >1,000 sites with >8,000 process units 2012 Re-designed RAM Study launched with increased value and decreased client effort 5 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com RAM Study Indices • Reliability and Maintenance Effectiveness Index (RAM EI) Lost margin (due to RAM causes) Maintenance cost • Maintenance Cost Index (MCI) – cost improvement • Mechanical Availability – reliability • Direct Maintenance Cost (craft labor and material) • Indirect Maintenance Cost (supervision and staff) • Routine and Turnaround Maintenance • Company and Contractor • Maintenance Expense and Maintenance Capital 6 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com What is Benchmarking? • The process of comparing performance against others in the same or similar industry to Confirm competitive position Gauge the opportunity for improvement Identify practices employed by best performers 7 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com What is Reliability Benchmarking? • The measurement and comparison of downtime (mechanical unavailability) attributable to RAM causes • Downtime translates into lost margin that is often overlooked while focusing on maintenance costs • Margin loss should be monetized to gain an appreciation for the value of lost production 8 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com What is Maintenance Benchmarking? • The measurement and comparison of routine and turnaround maintenance costs Includes direct and indirect costs for company and contractors Also includes maintenance capital costs, which are often ignored and can skew performance 9 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com RAM Benchmarking? • Benchmarking is the use of actual operational performance data to track performance trends, to compare to others, and to identify best practices • Benchmarks are fact-based and should not be confused with opinion • Benchmark thresholds are realistic, having already been achieved by a subset of the total population 10 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Why is RAM Benchmarking Valuable? Historically, reliability and maintenance have not been managed well, resulting in… HIGH cost and POOR reliability Maintenance is the largest fixed (non-volume-related) cost in a refinery or chemical/petrochemical plant Maintenance is the third largest overall cost behind raw materials and energy • Every dollar of reduced maintenance spending goes to the bottom line; consider how much sales would be needed! • Every hour of increased uptime increases capacity without capital investment – free capacity! 11 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Benchmarking Lessons Learned Myths & Facts! 12 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Reliability and Maintenance are Inextricably Linked Reliability Cannot cost-cut your way to improved reliability Maintenance Maintenance costs are driven by reliability…or the lack thereof A 1% increase in mechanical availability can translate into a 10% reduction in maintenance cost 13 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Traditional Approach Pressure Applied Here Maintenance Costs Reliability (Margin) 14 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Initial Traditional Result Pressure Applied Here Lower Reliability (Margin) Lower Maintenance Costs 15 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Long-Term Traditional Result Higher Maintenance Costs Lower Reliability (Margin) 16 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Progressive Approach Maintenance Costs Reliability (Margin) Apply Pressure Here 17 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Progressive Result Higher Reliability (Margin) Lower Maintenance Costs Apply Pressure Here 18 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Impact of RAM on Replacement Capital Quartile Performance Average Maintenance Capital Spent, % of PRV 1 2.1 2 2.8 3 3.4 4 4.6 Conclusion: Better maintenance of existing assets results in lower replacement capital cost requirements. Conversely, poor maintenance of existing assets results in higher replacement capital cost requirements. 19 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Factors that Influence RAM Performance >90% Confidence Level • Reliability (failure avoidance) • Direct costs (craft labor and repair materials) • Maintenance support (e.g., foremen, planners) • Turnarounds (frequency and duration) • Unplanned failures 20 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Factors that Influence RAM Performance >90% Confidence Level • Maintenance planning and scheduling • Craft skills and experience • Spare parts availability • Operator engagement 21 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Factors that Do Not Influence RAM Performance >90% Confidence Level • Plant or refinery age • Site footprint (geographic size) • Plant replacement value • Labor rates 22 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Factors that Do Not Influence RAM Performance >90% Confidence Level • Contract versus in-house maintenance • Production rates • Support costs (maintenance/reliability engineers) • Management years of experience • Union versus non-union 23 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Path to First-Quartile (Q1) RAM Performance Effectiveness Mechanical Availability, % >98 Industry Leaders Sustainable 97 High Mechanical Availability and Low Cost 96 Low Mechanical Availability and High Cost Not Sustainable 95 Facility <94 1 1.4 >10 Maintenance Cost, % (US $/PRV) Efficiency 24 24 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Do You Need to Benchmark Your Reliability Performance? Mechanical availability <96.7% Unreliability (characterized by equipment failures) is your largest downtime contributor Equipment failures are driving maintenance behaviors Total plant maintenance turnaround (shutdown) occurs more frequently than once every 10 years Increased uptime would provide much needed capacity Breakdown maintenance is your normal mode of operation 25 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Do You Need to Benchmark Your Maintenance Performance? Maintenance costs are >1.4% of PRV Maintenance costs are your highest fixed cost Maintenance costs are not effectively controlled Maintenance activities are predominantly corrective in nature (something broke, now you must repair it) Corrective maintenance costs exceed preventive and predictive maintenance costs Reactive maintenance is your normal mode of operation 26 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com RAM Effectiveness Index Chemicals – Quartiles of Performance (Example) RAM EI, % of PRV 12 10 8 6 4 2 0 Q1 Q2 Q3 Q4 Site 1 Site 2 Site 3 Quartiles of RAM EI Value of Lost Production Total Maintenance Cost 27 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com RAM Opportunities, US $M 0 28 T/A - Indirects T/A - IE Matl Cost T/A - FP Matl Cost T/A - IE Work Hours T/A - FP Work Hours T/A - RE Matl Cost Ann T/A & Short OHs Prod Losses 10 RT - RE Matl Cost Rate Reductions T/A - RE Work Hours T/A - Wages RT - IE Matl Cost RT - FP Work Hours RT - RE Work Hours RT - IE Work Hours RT - Wages RT - Indirects RT - FP Matl Cost Equip Failure Prod Losses RAM Study Deliverables Site Detailed Opportunities Report (Example) Total Opportunities = US $40M 8 6 4 2 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com MTBF – Pumps Meantime Between Failures, months By Quartiles of Pump MTBF (Example) 120 100 80 60 40 20 0 Q1 Q2 Q3 Q4 Site 1 Site 2 Site 3 Quartiles of Pump MTBF 29 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Summary • You are not a world-class performer if Maintenance costs are not below 1.4% of PRV Mechanical availability is not above 96.7% • Best performers continue to get better while poor performers continue to fall further behind • Regrettably, for some, it is already too late • The path to world-class performance begins with the first step…what are you waiting for? 30 Proprietary and Confidential © 2012 HSB Solomon Associates LLC www.SolomonOnline.com Thank You!