LM WIND POWER The India story...
AGENDA 1. Milestones in the Indian journey 2. Our CSR Initiatives 3. Wind- Tailwinds and Headwinds
25 years of excellence in wind rotor blade production in India Vadodara 5 Mold facility & expanding Dabaspet 8 Mold facility & expanding LM Technology Centre India Spearheading innovation in Blade technology • Located in Halol - • Located on NH4, KIADB • Located in GIDC Industrial Area Industrial Area . Bangalore city • Started as a 2 Mold • Started as a 3 Mold • Started in 2007 facility for GAMESA facility for VESTAS. • Mini LM and Talent Hub Certifications: 1274 Certifications: 1603 179 • ISO 9001 • • ISO 50001 ISO 50001 • ISO 9001 • ISO 14001 • ISO 22001 • ISO 14001 • OHSAS 18001 • OSHAS 18001 10+ GW equivalent 93 m 67m blades produced. Blades 23 K blades 13.4 m produced and Blades dispatched. 2018 2017 1993 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Our CSR initiatives
Chasing growth, even in uncertain times Tailwinds Headwinds Ask / Suggestions • Strong economic growth; • Transition from FIT to • Transmission capacity based increasing per capita electricity competitive auction auctions gives clear path for consumption and Government • Recent wind auction have seen project execution and commitment to provide quality upstream manufacturing reduced capacity on offer and and affordable 24x7 power to across value chain intermittent timing of bids all • No ceiling price restrictions in • Delay in Transmission capacity • Clear commitment to COP21 a fair & transparent auction enhancement and land targets resulting in ambitious mechanism acquisition issues pose risk for RE capacity addition plan, 60 • Auction rhythm and volume to timely project executions GW cumulative Wind capacity be ensured to meet target of 60 by 2022 GW wind installation by 2022 • Over 9 GW wind auctions concluded until last quarter; 16 GW worth auctions needed to reach 60 GW target • Strong, experienced wind manufacturing base available. Potential for growth as global macro and geopolitical situations support India manufacturing; however manufacturing competitiveness needs to be further improved
Together, we capture the wind to power a cleaner world
A clean business A clean planet To be the world’s largest manufacturer of blades. We are a dynamic organization, constantly We strive to be the preferred supplier to the wind pushing the barriers of blade technology. industry, respected for our superior design, Our long term commitment to a sustainable technology and service, making our customers more future and a clean planet underpins successful and wind energy more compelling. everything we do.
The early years 1940 1948 1967 1953 1978 Motor sailers – Lunderskov Camping trailer Start to work with fiber Rotor glass – LM Camping and Møbelfabrik (LM) was production - high again, glass fiber blade established by Aage quality carpentry exterior and wooden LM Glasfiber are production began… Skouboe & Ejnar interior. For a long time established as separate Lorentzen, producing boats was units and unites high a line of wooden synonymous with LM quality carpentry with furniture Glasfiber Glass fiber exterior
From Glass fiber to wind power 1989 2001 2006 2009 2010 2013 2017 Largest independent Doughty Hanson Global LM Glasfiber + LM Glasfiber Doughty Hanson GE acquires Manufacturer of rotor acquires LM Glasfiber management; Svendborg Brakes becomes sells Svendborg LM Wind Power blades Global R&D combine LM Wind Power Brakes 1993 1994 1999 2001 2006 2007 2008 2010 2013 2016 2017 India Spain USA China Canada Additional plants , Additional plant, Additional Brazil Additional Additional plant, Spain, India and USA plant, plant, China China China India Poland France, first Turkey Global business dedicated office in offshore plant The Netherlands 2012 1996 1999 2002 2003 2004 2016 73.5 m blade 1st generation VARTM Pre-bending FutureBlade 61.5 m blade 88.4 m blade Lightning-Protection vacuum infusion introduced technology introduced introduced (w orld’s longest (world’s longest technology (w orld’s longest blade at the time) blade at the time) blade at the time) Vortex generators
LM Wind Power leadership GROUP MANAGEMENT Allan Riber VP, Industrialization Christopher Springham VP, Communications & Sustainability OWNERSHIP Miguel Balbuena VP, Quality & HSE Hanif Mashal VP, Engineering In October 2016, GE announced intentions to acquire LM Wind Power for an enterprise value of EUR 1.5 billion. The deal closed on April 20th, 2017, and LM Wind Power is now an independent Duncan Berry CEO subsidiary of GE Renewable Energy. Lars Fuglsang, VP, LM4GE & Growth GE Renewable Energy takes the earth’s Rodrigo Torres most abundant resources - the strength CFO of the wind, the force of water, and the heat of the sun - and puts them to work with breakthrough technology that Dorte Kamper Bjarne Sandager Nielsen unleashes their true possibilities. VP, Sales & Marketing VP, Operations & Sourcing Alexis Crama, Monica Ghielmetti VP, Offshore Leader, Human Resources Extensive experience from top positions within leading corporations
Our Shared Beliefs Customers determine our success Stay lean to go fast Learn and adapt to win Empower and inspire each other Deliver results in an uncertain world
Big, Bigger, Biggest Calculations are based on European data
The forces of change A broad customer portfolio In 2016 we supplied rotor solutions to most of the leading wind turbine manufacturers worldwide Strategic partnerships Our business is based on long-term customer relationships, integrated product development and business development cooperation
Thank you for your time Contact details: Headquarters: Torben Mølby LM Wind Power Deputy Head of Global Operations Jupitervej 6 Interim Head of India Operations 6000 Kolding Denmark Tel +45 79 84 07 90 Tel +45 79 84 00 00 Mob +45 51 38 87 90 Fax +45 79 84 00 01 E tmoe@lmwindpower.com E info@lmwindpower.com W lmwindpower.com Note: The contents of this presentation are confidential and may not be copied, distributed, published or reproduced in whole or in part, or disclosed or distributed by recipients to any other person.
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