financials and bankability of nordex wtg

NORDEX
AUDEE 2013
COMPANY PRESENTATION
MONTEVIDEO
JUN 2013
AGENDA
1
Activities: Global / Americas
2
Financials and Bankability of Nordex WTG
3
The Nordex Efficiency Class
4
Availability Track Record
5
Projects & Service, Training
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 2
ACTIVITIES: GLOBAL / AMERICAS
NORDEX GROUP
NORDEX GROUP: KEY FACTS
Global manufacturer of wind energy turbines
with a focus on 2.5 MW class
28 years experience
INSTALLED BASE
Americas
7%
Africa
1%
Germany
25%
Asia
11%
Global headquarters in Hamburg, Germany,
listed on the Frankfurt Stock Exchange
Main production sites in Germany (Rostock),
USA (Jonesboro, AR)
Extensive use of platform technology (same or
similar components across all WTG types)
By region
Other EU
56%
Variants for different wind and climate
conditions
2,536 employees as of 31 Dec 2012
Total installations
in 39 countries
Mid Size
(0.75-1.49 MW)
MW Class
12%
(1.5-2.5 MW)
78%
as of 15 Apr 2013
8,776 MW /
By segment
5,397 WTG
Small
(< 0.75 MW)
10%
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 3
ACTIVITIES: GLOBAL / AMERICAS
NORDEX LOCATIONS WORLDWIDE
GLOBAL PRODUCTION, SALES AND SERVICE NETWORK
Chicago
Hamburg
Kolding
Kolding,
Uppsala
Rostock
Jonesboro
Beijing
Beijing
Manchester
Manchester
Dublin
Barcelona,
Barcelona
Porto
Headquarters
Paris
Production Sites
Roma
Rome
Subsidiaries
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Istanbul
Warsaw
Countries with Nordex WTG installed
Slide 4
ACTIVITIES: GLOBAL / AMERICAS
TARGET MARKETS IN THE AMERICAS
Target Markets
Target Market Plans
NX Americas
Headquarters
NX Nacelle
Assembly Plant
Participation at AWEA, Chilean + Uruguayan wind
conferences
Create service organization near contracted projects
Contract local suppliers of installation, domestic
transportation, and maintenance services
Canada
First installation in target markets outside the US
beginning in 2013 (Uruguay)
U.S.A.
Target Market Presence and Activity
Puerto Rico
Mexico
Honduras
Costa Rica
MW
Columbia
Installed 1
Ecuador
Peru
Potential
673 MW
Canada
26 MW
Uruguay
U.S.A.
Target
USA
Chile
Uruguay
MW under
MW under
Construction 1 Development 1
1,500 MW
117 MW
Honduras
Columbia
300 MW
19.5 MW
Chile
70 MW
1
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
as of Apr 2013
Slide 5
AGENDA
1
Activities: Global / Americas
2
Financials and Bankability of Nordex WTG
3
The Nordex Efficiency Class
4
Availability Track Record
5
Projects & Service, Training
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 6
FINANCIALS AND BANKABILITY OF NORDEX WTG
NORDEX SE: SHAREHOLDER STRUCTURE
24.99%
75.01%
Skion/momentum capital
Free float
on the basis of 73,529,499 shares, as of 1 Sept 2011
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 7
FINANCIALS AND BANKABILITY OF NORDEX WTG
MANY OF THE LEADING COMPANIES CHOSE NORDEX …
Customer
Country
Selected Projects
# WTG
WTG Type
MW
Netherlands
Nerefco
9
N80/2500
23
USA
Cedar Creek II
60
N90/2500
150
USA
Highland I
25
N90/2500
62.5
USA
Highland North
30
N100/2500
75
USA
Roth Rock
20
N90/2500
50
USA
Shirley
8
N100/2500
20
USA
Elk
17
N100/2500
42.5
USA
Haw keye
20
N100/2500
50
USA
Rippey
15
N100/2500
37.5
USA
Beebe
34
N117/2400
81.6
USA
Pow er County
18
N100/2500
45
France
France
France
France
France
Romania
Boulay
Erize Saint-Dizier
Amélécourt
St. Aubin II
Courcelles
Chirnogeni
12
5
5
5
5
32
N90/2500
N90/2300
N90/2300
N90/2300
N90/2300
N90/2500
30
11.5
11.5
11.5
11.5
80
France
Germinon
30
N100/2500
75
United Kingdom
Slieve Divena
12
N80/2500
30
United Kingdom
United Kingdom
Germany
Germany
Germany
Poland
Poland
Gruig
Bow Beat
Ketzin
Schortew itz
Hoppenrade
Lebcz
Dolice
10
24
8
6
5
4
21
N80/2500
N60/1300
N90/2300
N90/2500
N90/2500
N80/2500
N90/2500
25
31.2
18.4
15
12.5
10
52.5
Ireland
Kings Mountain
10
N80/2500
25
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 8
FINANCIALS AND BANKABILITY OF NORDEX WTG
… AND CONTINUE TO DO SO
Customer
Country
Selected Projects
# WTG
WTG Type
MW
Italy
United Kingdom
United Kingdom
United Kingdom
Italy
Minervino Murge
Kilbraur
Millennium
Earlsburn
Fossa de Lupo
26
19
20
15
36
N90/2300
N90/2500
N90/2500
N80/2500
N90/2500
59.8
47.5
50
37.5
90
Italy
Vicari
18
N90/2500
45
United Kingdom
United Kingdom
Italy
Italy
Italy
Italy
Portugal
Portugal
Portugal
Little Cheyne Court
Bilbster
Grighine
Messina
Energia Alternativa
Cadau
Carreco
Vergao
Chamine
26
3
43
21
25
14
9
10
3
N90/2300
N60/1300
N90/2300
N90/2300
S77/1500
S77/1500
N90/2300
N60/1300
N90/2300
59.8
3.9
98.9
48.3
37.5
21
21
13
7
Norway
Havoygavlen
15
N80/2500
37.5
Germany
Niederrhein
8
S77/1500
12
Germany
France
Roth
Brachy
15
5
S77/1500
N90/2500
22.5
11.5
Canada
Pincher Creek
20
N60/1300
26
South Africa
Dorper
40
N100/2500
100
United Kingdom
Crystal Rig
25
N80/2500
62.5
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 9
AGENDA
1
Activities: Global / Americas
2
Financials and Bankability of Nordex WTG
3
The Nordex Efficiency Class
4
Availability Track Record
5
Projects & Service, Training
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 10
THE NORDEX EFFICIENCY CLASS
PRODUCT PORTFOLIO BUILT ON MORE THAN 8.7 GW OF INSTALLATIONS
Type
MW
IEC Wind
Class*
Sound
dB(A)
N80/2500
2.5
Ia
103.0
N90/2500
2.5
I & II
105.5
N100/2500
2.5
II & III
106.0
N117/2400
2.4
III
105.0
N100/3300
3.3
I
105.5
N117/3000
3.0
II
106.0
*
Net Capacity Factor** (%)
6.5
35.7
7.0
7.5
8.0
8.5
9.0
9.5
10.0
35.7
39.5
43.0
46.3
38.1
42.2
46.0
49.4
52.6
49.9
53.3
39.1
42.9
46.4
48.2
51.8
55.0
33.3
37.9
42.3
46.3
40.7
45.3
49.4
53.0
40.0
44.3
49.7
IEC I: strong wind; IEC II: moderate wind; IEC III: light wind
** Assuming net losses of 13% (wake, electrical, icing, technical availability), standard air density of 1.225 kg/m3 and Weibul k=2.5;
average wind speed at hub height
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 11
THE NORDEX EFFICIENCY CLASS
FROM GENERATION GAMMA TO GENERATION DELTA
FUTURE
2014
Portfolio Additions from 2014
N100/3300
By July 2014
22% AEP
Current Product Portfolio 2012/2013
22% AEP
CURRENT
CURRENT
N117/3000
By July 2014
High tower solutions of up to 141 meters: +50 meter tower height = +20.5% AEP
Nordex “Anti-Icing System”: up to 25% increase in AEP achieved
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 12
THE NORDEX EFFICIENCY CLASS
FLEXIBLE TOWER HEIGHTS ARE KEY TO SUCCESS
N117/2400:
annual energy yield
Higher yield due to greater hub heights
+ 21%
Topographical obstacles, such as trees, may
result in lower yields. At higher hub heights,
+16%
the wind quality is better.
Hybrid Tower
141m
(7.41m/s)
120m
Tubular Steel Tower
(7.16m/s)
91m
Steel Tower
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
(6.5m/s)
Slide 13
AGENDA
1
Activities: Global / Americas
2
Financials and Bankability of Nordex WTG
3
The Nordex Efficiency Class
4
Availability Track Record
5
Projects & Service, Training
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 14
AVAILABILITY TRACK RECORD
WORLDWIDE AND USA AVAILABILITY
2.5 MW GLOBAL AVAILABILITY
1 Jan 2012 - 31 Dec 2012
# all WTG1: 1,868
Ø Availability: 98.09%
1 Jul 2011 - 30 Jun 2012
# all WTG: 1,746
Ø Availability: 97.70%
1 Jan 2011 - 31 Dec 2011
# all WTG: 1,447
Ø Availability: 97.54%
1 Jul 2010 - 30 Jun 2011
# all WTG: 1,340
Ø Availability: 97.33%
1
2.5 MW installations globally with Nordex Availability Warranty; total installed base comprises 2,022 WTG as of 31 Dec 2012
2.5 MW US AVAILABILITY
2
1 Jan 2012 - 31 Dec 2012
# all WTG2: 225
Ø Availability: 98.56%
1 Jul 2011 - 30 Jun 2012
# all WTG:
178
Ø Availability: 98.44%
1 Jan 2011 - 31 Dec 2011
# all WTG:
113
Ø Availability: 97.75%
1 Jul 2010 - 30 Jun 2011
# all WTG:
33
Ø Availability: 97.03%
1 Jan 2010 - 31 Dec 2010
# all WTG:
25
Ø Availability: 97.09%
total installed base in the United States comprises 270 WTG as of 31 Dec 2012
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 15
AGENDA
1
Activities: Global / Americas
2
Financials and Bankability of Nordex WTG
3
The Nordex Efficiency Class
4
Availability Track Record
5
Projects, Service & Training
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 16
PROJECTS, SERVICE & TRAINING
SERVICE CONTRACT OPTIONS AT A GLANCE
Services*
Contract Packages
Premium Extended
Basic
Consulting & Support by Nordex Field Operations + Account Manager
24-hour Remote Monitoring including 24-hour Access and Remote Diagnostics
Scheduled Maintenance & Inspection including Consumables and Reporting
Unscheduled Maintenance Interventions at the Site (upon WTG controller alarms, etc.)
Availability Warranty including Reporting
Repair Work (labor) including fault diagnosis, excluding major WTG components (if
removal for repair required)
Repair Work (labor) for major component repairs, if removal for repairs required
Spare Parts Supply excluding major components
Spare Parts Supply for major components of WTG
Condition Monitoring including Analysis and Reporting
Inspection of Protective Equipment (PSE & WTG safety equipment)
Individual Training for operators, operations managers & technicians
Modernization & Upgrades (individual modifications, large-scale modernization measures &
upgrade packages for component retrofitting)
*The servic es in eac h service pac kage c an also be ordered individually, outside the c ontract packages.
Contracted Service Scope
Optional Contracted Service Scope
Additional Service Scope (separate order)
Full service scope and repair contracts are available for 3, 5, 10 years or even longer terms.
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 17
PROJECTS, SERVICE & TRAINING
MATERIALS MANAGEMENT & PARTS LOGISTICS
MATERIALS MANAGEMENT & PARTS LOGISTICS
Central depot for turbine components including
large-scale items for all turbine types in Jonesboro,
Arkansas and Rostock, Germany
Electronic, web-based information system ensures
spare parts are in stock
Worldwide dispatch of spare parts 365 days/year
Delivery to project site of most parts within 24 h
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 18
PROJECTS, SERVICE & TRAINING
TRAINING FACILITIES AND SCOPE
TRAINING FACILITIES AND SCOPE
State-of-the-art equipment and training
resources
Various Nordex-specific WTG components for
hands-on maintenance and troubleshooting
for field technicians
Complete set of required training tools
High tower rescue training with platform
available in workshop area
Wind Technician I Program: 3-week program
to provide technicians with necessary skills
for turbine maintenance
Wind Technician II Program: 5-week program
to provide technicians with necessary skills to
assist in WTG commissioning process
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 19
NORDEX SALES CONTACTS
Americas
Nordex USA, Inc.
300 South Wacker Drive, Suite 1500
Chicago, Illinois 60606, USA
phone:
fax:
email:
+1 (312) 386-4100
+1 (312) 386-4101
[email protected]
EMEA
Nordex Energy GmbH
Langenhorner Chaussee 600
22419 Hamburg, Germany
phone:
fax:
email:
+49 (40) 30030-1100
+49 (40) 30030-1101
[email protected]
Asia-Pacific
Nordex (Beijing) WP Co. Ltd.
First Shanghai Center
39, Liangmaqiao Road, Chaoyang District
100016 Beijing, P. R. China
phone:
fax:
email:
+86 (10) 84535188
+86 (10) 84535158
[email protected]
Nordex USA, Inc. | Company Presentation | WindPower 2013 | Chicago | May 2013
Slide 20

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