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Vestas Wind Systems — Investor Presentation 2013
Aug 21, 2013
3390_ir_2013-08-21_5c089864-f227-4437-862f-d880b0a1e57d.pdf
Investor Presentation
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Building on 57 GW of experience
Track record as of 30 June 2013
Proven technology
For us, it is more than a saying – it is something we live by.
We have made wind work for our customers for over 30 years. Together, we have installed 57 GW of wind power capacity in 73 countries. That is more than 20 per cent of all wind turbines installed globally – and over 15 GW more than our closest competitor.
Every day, we leverage our global experience to continuously improve the performance of our customers' wind power plants. We do this through the monitoring and performance diagnostics of the world's largest fleet of wind turbines.
The continuous stream of data from more than 25,000 wind turbines enables us to meticulously plan and carry out service inspections, thereby reducing wind turbine down-time to an absolute minimum. The data is monitored across 140 to 500+ signals including temperature, pressure and log data. Combined with information from service visits, this comprehensive data creates a complete picture of turbine health.
Ongoing monitoring enables us to optimise the performance of our customers' wind power plants by:
· ensuring that our accelerated lifetime simulations on key components are as realistic as possible
· ensuring that the most significant CtQs (critical-to-quality) are thoroughly managed throughout manufacturing · optimising turbine performance in micro-siting and site layouts · enabling us to accurately forecast and model operational expenditures, annual energy production and the overall business case
· allowing us to implement predictive maintenance, thereby minimising lost production.
Our 57 GW of installed capacity is the backbone of our unrivalled experience and expertise. When combined with one of the industry's largest testing facilities comprising of 50 test rigs and 150 engineers who are committed to continuously improving the quality of our products even further, we can truly offer our customers proven technology.
We have the data to back the claim: In 2012, the Lost Production Factor – the share of available wind not harvested by Vestas wind turbines – improved to below 2 per cent across the fleet. Meanwhile, the consumption of warranty provisions in relation to revenue was the lowest ever. This is what we mean by proven technology. For our customers, it means business case certainty.
Track record by turbine type*
* Delivered Vestas wind turbines as of 30 June 2013.
Track record by country*
| Country | Quantity | Total MW | LI** |
|---|---|---|---|
| Argentina | 62 | 89 | 2012 |
| Aruba | 10 | 30 | 2009 |
| Australia | 861 | 1,849 | 2013 |
| Austria | 254 | 447 | 2012 |
| Azerbaijan | 2 | 2 | 2009 |
| Belgium | 138 | 311 | 2012 |
| Brazil | 203 | 382 | 2013 |
| Bulgaria | 119 | 309 | 2012 |
| Canada | 1,419 | 2,396 | 2013 |
| Cape Verde | 39 | 28 | 2012 |
| Caribbean Islands | 2 | 0 | 1991 |
| Chile | 115 | 214 | 2013 |
| China | 3,279 | 4,024 | 2013 |
| Costa Rica | 71 | 51 | 2002 |
| Croatia | 21 | 48 | 2008 |
| Cuba | 4 | 4 | 2005 |
| Cyprus | 47 | 93 | 2012 |
| Czech Republic | 55 | 86 | 2013 |
| Denmark | 5,035 | 2,844 | 2013 |
| Dominican Republic | 14 | 25 | 2011 |
| Egypt | 124 | 79 | 2004 |
| Finland | 62 | 90 | 2013 |
| France | 845 | 1,628 | 2013 |
| Germany | 6,363 | 8,497 | 2013 |
| Greece | 771 | 1,045 | 2013 |
| Hungary | 49 | 105 | 2010 |
| India | 4,460 | 2,833 | 2013 |
| Iran | 37 | 16 | 2004 |
| Israel | 3 | 0 | 1993 |
| Country | Quantity | Total MW | LI** |
|---|---|---|---|
| Italy | 2,566 | 3,185 | 2013 |
| Jamaica | 33 | 39 | 2010 |
| Japan | 379 | 510 | 2008 |
| Jordan | 5 | 1 | 1996 |
| Kenya | 6 | 5 | 2009 |
| Latvia | 1 | 1 | 2002 |
| Lithuania | 6 | 18 | 2007 |
| Luxemburg | 13 | 9 | 1999 |
| Malaysia | 1 | 0 | 1995 |
| Mauritius | 1 | 0 | 1986 |
| Mexico | 100 | 182 | 2013 |
| Morocco | 84 | 50 | 2000 |
| Netherlands | 1,327 | 1,605 | 2013 |
| Netherlands Antilles | 10 | 30 | 2012 |
| New Caledonia | 20 | 5 | 1999 |
| New Zealand | 231 | 346 | 2011 |
| Nicaragua | 22 | 40 | 2012 |
| North Korea | 2 | 0 | 1986 |
| Norway | 45 | 70 | 2012 |
| Pakistan | 28 | 50 | 2012 |
| Peru | 1 | 0 | 1995 |
| Philippines | 20 | 33 | 2008 |
| Poland | 462 | 950 | 2013 |
| Portugal | 374 | 677 | 2013 |
| Puerto Rico | 13 | 23 | 2012 |
| Republic of Ireland | 577 | 614 | 2013 |
| Romania | 266 | 636 | 2013 |
| Russia | 3 | 1 | 1998 |
| Slovakia | 4 | 3 | 2003 |
| Country | Quantity | Total MW | LI** |
|---|---|---|---|
| South Africa | 3 | 4 | 2010 |
| South Korea | 104 | 166 | 2008 |
| Spain | 2,918 | 4,039 | 2012 |
| Sri Lanka | 5 | 3 | 1999 |
| Sweden | 1,430 | 2,090 | 2013 |
| Switzerland | 18 | 28 | 2013 |
| Taiwan | 50 | 86 | 2008 |
| Thailand | 1 | 0 | 1996 |
| Turkey | 255 | 640 | 2013 |
| USA | 12,396 | 10,991 | 2013 |
| Ukraine | 33 | 99 | 2013 |
| United Arab Emirates | 1 | 1 | 2004 |
| United Kingdom | 1,394 | 2,264 | 2013 |
| Uruguay | 21 | 41 | 2013 |
| Vietnam | 3 | 6 | 2011 |
Total 49,696 57,066
* Delivered Vestas wind turbines as of 30 June 2013. in 20 countries.
** Latest installation.
Experienced worldwide.
With installed wind turbines in 73 countries around the world, we have considerable experience in all the key disciplines – engineering, transportation, construction and operations & maintenance. Our projects have covered every kind of site, from high altitude to extreme weather conditions, onshore and offshore. Since 2005 alone, this full-scope expertise has enabled us to build more than 250 turnkey projects
Offshore track record by country*
| Country | Quantity | Total MW |
|---|---|---|
| Belgium | 55 | 165 |
| Denmark | 102 | 197 |
| Japan | 2 | 1 |
| Netherlands | 128 | 247 |
| Portugal | 1 | 2 |
| Sweden | 11 | 13 |
| United Kingdom | 282 | 784 |
Total 581 1,409
* Delivered Vestas wind turbines as of 30 June 2013.
On-track with the offshore game-changer
After pioneering the offshore wind industry in the early 1990s, we are currently developing the next generation wind turbine for offshore. With an output of 8 MW, the V164-8.0 MW™ has the potential to become a game-changer within offshore wind power in terms of power generation and low cost of energy.
Development of the V164-8.0 MW™ turbine is progressing as planned. The first blade and a prototype hub have been tested and testing of the drivetrain has commenced.
Installation of the first prototype of the V164-8.0 MW™ has been moved up to the first quarter of 2014. Depending on customer demand and market conditions, serial production of the game-changing offshore wind turbine could begin as early as 2015.
Vestas Wind Systems A/S Hedeager 44 . 8200 Aarhus N . Denmark Tel: +45 9730 0000 . Fax: +45 9730 0001 [email protected] . vestas.com
© 2013 Vestas Wind Systems A/S. All rights reserved.
This document was created by Vestas Wind Systems A/S on behalf of the Vestas Group and contains copyrighted material, trademarks and other proprietary information. This document or parts thereof may not be reproduced, altered or copied in any form or by any means without the prior written permission of Vestas Wind Systems A/S. All specifications are for information only and are subject to change without notice. Vestas Wind Systems A/S does not make any representations or extend any warranties, expressed or implied, as to the adequacy or accuracy of this information. This document may exist in multiple language versions. In case of inconsistencies between language versions the English version shall prevail. Certain technical options, services and wind turbine models may not be available in all locations/countries.
08/2013-EN