15/09/2008
Flight Plan
AirMaP
July 2008
(Aircraft Mass Production)
Contact:
Tel.
Mobile.
email.
Robert McCann
+33 141 440 631
+33 686 416 723
rob@aleonor.com
Europe rise to the game
Photo courtesy of
Aleonor
Maverick Jets
(www.maverickjets.com)
Case study
€1Bn for Aircraft Mass Production
• The Veryy Light
g Jet ((VLJ)) market is emerging
g g
• Players are taking stance in America and in Asia (Honda)
• No European manufacturer has announced a significant
domestic programme*
• The market is global and major
It’s time for Europe to join the game!
*
The Austrian company Diamond Aircraft Industries is working on a VLJ project in its Canadian subsidiary
Aleonor
Project Introduction, July 2008
15/09/2008 13:33
Page 2
1
15/09/2008
Case study
An increasing choice of VLJs is appearing
starting from twice the price of a car (a Bentley Azure noless)
but 4x faster* with twice the range
Construction
Pax Cruise IFR Range
Comp./Aluminum
5
290 kt 1250 nm
Comp./Aluminum 45 375 kt 1000 nm
C b Fiber
Carbon
Fib
4 5 320 kt 1200 nm
45
Comp./Aluminum
5
350 kt 1200 nm
Carbon Fiber
5
315 kt 1350 nm
Carbon Fiber
1
500 kt 1000 nm
Aluminum
6
370 kt 1125 nm
Aluminum
67 360 kt 1300 nm
Carbon Fiber
7
340 kt 1100 nm
Aluminum
6
340 kt 1150 nm
Aluminum
4
360 kt 1160 nm
Comp./Aluminum
6
420 kt 1180 nm
Carbon Fiber
69 415 kt 2000 nm
Aluminum
6
450 kt 1800 nm
Carbon Fiber
68 412 kt 1650 nm
Carbon Fiber
6
TBD 1800 nm
Carbon Fiber
5
300kt
TBD
SmartJet Maverick Jets
SportJet ExcelJet
Vi t
Victory
E i Aircraft
Epic
Ai
ft
SoloJet Maverick Jets
DJet Diamond Aircraft
Javelin Aviation Tech Group
Eclipse 500 Eclipse Aviation
PiperJet Piper Aircraft
A700 Adam Aircraft
Mustang Cessna Aircraft
Phenom 100 Embraer
HondaJet Honda
Independence Spectrum
Phenom 300 Embraer
Elite Epic Aircraft
SPn Grob Aerospace
TheJet Cirrus Design
Ceiling
22,000 ft
25,000 ft
28 000 ft
28,000
31,000 ft
25,000 ft
45,000 ft
41,000 ft
35,000 ft
41,000 ft
41,000 ft
41,000 ft
43,000 ft
45,000 ft
45,000 ft
41,000 ft
41,000 ft
25,000 ft
Source: www.VeryLightJet.com
Exchange rate 1.45 $/€
* Under normal road usage conditions
Price
Delivery
620,000 €
TBD
689,655 €
TBD
689 655 €
689,655
TBD
862,069 €
TBD
951,724 €
2009
1,034,483 €
2008
1,048,276 € 10/2008
1,510,345 €
2010
1,551,724 €
3/08
1,744,828 €
2007
1,965,517 €
2008
2,517,241 €
2010
2,517,241 €
2009
4,586,207 €
2009
TBD 2009
TBD 10/2007
TBD
TBD
Why no Europeans?
Aleonor
Project Introduction, July 2008
15/09/2008 13:33
Page 3
Case study
Estimate a global market…
Market
Europe, Russia & Turkey
Nth.America
Other Asia & Middle East
India
China
Japan
LATAM
Africa
A t l i
Australasia
Total
Aleonor
Population
P
l i % eligible
li ibl
730
0.6
340
0.6
1,500
0.6
1,100
0.6
1,300
0.6
130
0.6
570
0.6
950
0.6
35
06
0.6
Coeff
C
ff Penetration
P
i
C
Cars
0.60
0.4 257
1.00
0.6 200
0.20
0.1 176
0.12
0.1
78
0.10
0.1
76
0.80
0.5
61
0.15
0.1
50
0.05
0.0
28
0 50
0.50
03
0.3
10
VLJ/cars Market
VLJ/
M k for
f VLJs
VLJ
1 /1000
0.26
1 /1000
0.20
1 /1000
0.18
2 /1000
0.16
2 /1000
0.15
1 /1000
0.06
2 /1000
0.10
2 /1000
0.06
1 /1000
0 01
0.01
937
1.17
million A/C
6,655
Project Introduction, July 2008
15/09/2008 13:33
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15/09/2008
Case study
Make a few assumptions…
Market Share
20
58,442
10
5,844
225
26
200 000 €
200,000
1,168,831,250 €
Aleonor
models with equal shares
A/C per model
years to supply (then renew)
A/C per year
days production
A/C per day
Target Price
Annual Revenues
Project Introduction, July 2008
15/09/2008 13:33
Page 5
Case study
A project worth €1.5Bn!
Key Financials and Valuation
15%
30%
122,727,281 €
8%
1,534,091,016 €
Operating Margin (EBIT)
Tax Rate
Annual Net Profit before interest
WACC
Enterprise Value
Création d'emplois
35,000 €
70%
5,009
233,333 €
33,395
Average Salary
Procurement
Direct Jobs
Turnover / direct employee
Indirect Jobs
That could create 30,000+ jobs…
Aleonor
Project Introduction, July 2008
15/09/2008 13:33
Page 6
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15/09/2008
Case study
Aleonor is looking for:
• Engineers, Businessmen and industrialists
¾who share the vision
• Financiers
¾ready to amorce its implementation
• Public servants
¾Recognising the opportunity for economic development
Aleonor
Project Introduction, July 2008
www.airmap.eu
Robert McCann
+33 141 440 631
+33 686 416 723
rob@aleonor.com
Page 7
www.aleonor.eu
Aleonor
Contact:
Tel.
Mobile.
email.
15/09/2008 13:33
thanks you
for your attention
Europe rise to the game
Photo courtesy of
Maverick Jets
(www.maverickjets.com)
4