Introduction to Vestas
1 Content
• Vestas in brief • The case for wind • Products and services • Vestas Value Proposition • Reputation and branding
2 Our vision
Bringing wind on par with oil and gas Our aspiration, stated through our vision, is a society where at least 20% of the global electricity supply is provided by wind.
Wind is…
Reducing green On par with Building Reducing house gas emissions oil and gas energy dependence and climate change security on fossil fuels
CO2
3 Our strategic priorities
Vision Bringing wind on par with oil and gas
Vestas 2013 Strategic priorities and targets:
EBIT Min. 1 Free Cash Flow Min. Eur 200M
Performance Management
Mission Together we will deliver superior cost-effective wind technologies, products and services
Promise
Employee promise Customer promise
Shareholder promise Society promise
Behaviour (Willpower)
Persistent Collaborative
Honest Accountable
4 Vestas in brief
We employ around 17,000 people worldwide from 85 17,000 nationalities and have more than 30 years of experience with wind energy
We monitor almost 25,000 turbines, or 43,000 MW, day 25,000 and night and the data is used for efficient service planning and pre-emptive maintenance
We have installed close to 49,000 turbines in 73 countries 49,000 worldwide spanning six continents
€ 7.2b Vestas revenue at the end of 2012 was EUR 7.2 billion
5 *Source: BTM Consult, 2012 Our journey
1898: 1945: 1979: 1987: Blacksmith H.S. VEstjysk STaalteknik First turbine after Vestas Hansen arrives in A/S becomes VESTAS agricultural vehicles, etc. Wind Systems A/S Lem
2004: 2010: 2012: 2013: 1991: Merger: NEG Wind. It means 50 Gigawatt Anders Runevad, Turbine no. 1,000 Micon & Vestas the world to us. milestone. CEO
6 We are a truly global organisation
7 Vestas has installed 57 GW of wind energy 62% more installed capacity than our closest competitor*
57 GW amounts to 49,000 turbines, which generate enough clean energy to power over 19 million European households. Vestas has installed just over one out of every five wind turbine MWs installed around the globe * *
8 *Source: BTM Consult, 2012. * * Source 238 GW (at the end of 2011), according to the Global Wind Energy Council (GWEC). Market share 2012 Vestas gained market share in 2012
Vestas, GE and Siemens gained global market share from Asian players
2012 installed capacity of top 10 players Market share in % based on MW installed
“Grid connected” “Installed capacity” “MW supplied” “Commissioned capacity”
100% = 44.3 GW 100% = 43.6 GW 100% = 43.1 GW 100% = 48.4 GW
Vestas 14.6% GE 15.0% GE 15.5% GE 11.8%
Vestas 11.8% GE 13.7% Vestas 13.9% Vestas 14.0%
Siemens 11.0% Siemens 10.8% Siemens 9.4% Siemens 9.5%
Enercon 8.1% Gamesa 8.2% Enercon 8.2% Enercon 7.2%
Suzlon Group 7.3% Enercon 7.8% Suzlon Group 7.4% Suzlon Group 6.6%
Goldwind 6.3% Suzlon Group 6.5% Gamesa 6.1% Gamesa 6.4% Goldwind Gamesa 6.0% Goldwind Goldwind 6.2% 6.0% 6.0% United Power United Power United Power United Power 4.7% Sinovel 4.5% Sinovel Sinovel 4.7% Sinovel 3.5% 4.2% 3.2% Mingyang 2.9% Ming Yang Ming Yang Sewind 2.7% 2.6% 3.5% 2.7% 2.3%
MAKE Consulting IHS Emerging Navigant BTM Bloomberg New Energy research Energy Finance
Sources: MAKE Consulting, IHS Emerging Energy Research, Navigant BTM and BNEF.
9 Top 10 largest markets in 2012
Vestas in top-three in eight out of ten largest markets.
Market size Market Rank 1 Rank 2 Rank 3 No.
1 China Goldwind United Power Sinovel
2 USA GE Siemens Vestas
3 Germany Enercon Vestas Suzlon Group*
4 India Suzlon Group* Wind World India *** Gamesa
5 Italy Vestas Gamesa Repower
6 Spain Gamesa Vestas Alstom
7 Brazil ** GE Enercon Vestas
8 UK Siemens Vestas Alstom
9 Canada Enercon Vestas GE
10 Romania GE Gamesa Vestas/Enercon
* Including Repower
**:1,077 MW include wind power plants not connected to the grid. If only connected to the grid wind power plants were included, then Vestas would be 1st, followed by Enercon and Alstom (total 456 MW)
***:Formerly known as Enercon India
Source: GWEC, local wind association, Vestas internal databases, EER 10
Market shares excluding China
Taking out the Chinese market, Vestas and GE still dominate the global market
100% =31,4GW
Others Mitsubishi 8.3% Vestas Alstom World of Wind India* 1.6% 19.3% Nordex 2.9% 1.9% 1.4% Suzlon Group 9.1%
19.2% 10.0% GE Gamesa
11.0%
Enercon 15.3% Siemens
*:Formerly known as Enercon India
Source: MAKE Global Wind Turbine OEM 2012 Market Share, March 2013
11 A lean organisational structure
CEO
Group Staff Functions
Technology and Manufacturing and Sales Finance Service Solutions Global Sourcing
12 Executive Management
Anders Runevad Marika Frederiksson Nationality: Swedish Born: 2 November 1963 Resident: Denmark Nationality: Swedish Position: Group President and CEO, Resident: Sweden Vestas Wind Systems A/S Position: Chief Financial Officer (CFO) and Executive Vice President, Vestas Wind Systems A/S
Jean-Marc Lechêne Juan Araluce Born: 29 October 1958 Born: 17 January 1963 Nationality: French Nationality: Spanish Resident: Denmark Resident: Denmark Position: Chief Operating Officer (COO) and Position: Chief Sales Officer (CSO) and Executive Vice President, Vestas Wind Systems Executive Vice President, Vestas Wind A/S Systems A/S
Anders Vedel Born: 3 June 1957 Nationality: Danish Resident: Denmark Position: Chief Turbines Officer (CTO) and Executive Vice President, Vestas Wind Systems A/S
13 Board of Directors
Bert Nordberg, Chairman Born: 23 March 1956 Jørn Ankæ r Thomsen Nationality: Swedish Born: 17 May 1945 Resident: Sweden Nationality: Danish Vestas Resident: Denmark Position: President & CEO, Sony Mobile Communications (Sweden) Position: Attorney at Law and partner, Gorrissen Federspiel (Denmark)
todayLars Josefsson, Deputy Chairman Kurt Anker Nielsen Born: 31 May 1953 Born: 8 August 1945 Nationality: Swedish Nationality: Danish Resident: Sweden Resident: Denmark Position: Independent consultant Position: Director
Carsten Bjerg Knud Bjarne Hansen* Born: 12 November 1959 Born: 26 March 1952 Nationality: Danish Nationality: Danish Resident: Denmark Resident. Denmark Position: CEO and Group President of Grundfos Position: Senior Vice President, Vestas Wind Management A/S (Denmark) Systems A/S (Denmark)
Eija Pitkânen Kim Hvid Thomsen** Born: 23 April 1961 Born: 8 August 1963 Nationality: Finnish Nationality: Danish Resident: Finland Resident. Denmark Position: Vice President, Head of Corporate Position: Industry technician and Senior Shop Responsibility, Telia Sonera (Sweden) Steward, Vestas Manufacturing A/S (Denmark)
Håkan Eriksson Michael Abildgaard Lisbjerg** Born: 8 April 1961 Born: 17 September 1974 Nationality: Swedish Nationality: Danish Resident: Australia Resident: Denmark Position: Head of Ericsson Australia, New Zealand Position: Skilled worker - Production & Shop and Fiji (Australia) Steward, Vestas Manufacturing A/S (Denmark)
Jørgen Huno Rasmussen Sussie Dvinge Agerbo* Born: 25 June 1952 Born: 5 November 1970 Nationality: Danish Nationality: Danish Resident: Denmark Resident: Denmark Position: President and CEO, FLSmidth & Co. A/S Position: Management Assistant, Vestas Wind 14 (Denmark) Systems A/S (Denmark) *) Elected by company employees **) Elected by Group employees Forecast
New edition, MW
+3% -19% 51,435 49,670 48,352 47,980 46,009 43,808 44,565 +20% 41,120 39,907 39,078
34,399 32,441
27,645
19,349
2007 2008 2009 2010 2011 2012 2013e 2014e 2015e 2016e 2017e 2018e 2019e 2020e
Danish Wind Energy, 2013 Source: IHS - EER Backlog: Wind turbines Q2 2013: Wind turbine backlog grew by EUR 0.1bn to EUR 7.1bn
• Due to uncertainty about a few customers’ ability to comply with the contractual obligations, Vestas has resolved to lower the backlog Wind turbines: value by EUR 0.4bn.
• Approx half of the amount relates to a specific customer in Vestas EUR Central Europe. • This does not change the 2013 7.1bn and 2014 delivery plan. • Furthermore, the order backlog has been negatively impacted by EUR 0.2bn due to currency fluctuations during Q2 2013.
16 Second quarter of 2013 Backlog: Service Q2 2013: Service backlog grew by EUR 0.5bn to EUR 5.9bn
EUR 0.5bn Growth in service order backlog Service: compared to Q1 2013
>7 years EUR Average length of service contracts 5.9bn in the backlog 76 % Renewal rate in Q2 2013
17 Second quarter of 2013 Outlook 2013 Free cash flow increased to at least EUR 200m
Outlook • Vestas expects to be see deliveries, Shipments (GW) 4-5 revenue and earnings peak in the fourth quarter. Revenue (bnEUR) Min. 5.5 • Based on the current delivery plan, margins on the delivered projects are expected to be - of which service revenue (bnEUR) ~1 higher in the fourth quarter than in the third quarter. EBIT margin before special items (%) Min. 1 • There are no plans to invest in new EBIT margin, service before allocation of ~17 production facilities, and thus investments in Group costs (%) property, plant and equipment are expected to be around EUR 150m. Free cash flow (mEUR) Min. 200
18 Second quarter of 2013 Revenue
Revenue has grown by an average Revenue development is seasonal: H1 revenue annual growth rate of 15% since 2007 typically lower than H2*
Total revenue, mEUR Average share of annual revenue in H1 Average share of annual revenue in H2 +15% 7.216
5,904 5,836
To add pre-formatted bullets please 5,079 use the increase/decrease indent buttons found in the PowerPoint menu 37% 3,828
63%
2007 2008 2009 2010 2011 2012 *Period: 2009-2011
Add presentation information via View/Header and Footer 19 Revenue from the service business
Revenue from the service business has grown with an average annual growth rate of 33 per cent since 2007
Total revenue, mEUR
886
+33% 705 To add pre-formatted bullets please use the increase/decrease indent 623 buttons found in the PowerPoint menu 504
396 298
2007 2008 2009 2010 2011 2012
Add presentation information via View/Header and Footer 20 Cash flow
Vestas’ free cash flow has improved since 2009
Free cash flow mEUR
To add pre-formatted bullets please use the increase/decrease indent 79 buttons found in the PowerPoint menu
(359)-359 (403)
(733) (842) 2007 2008 2009 2010 2011 2012
Add presentation information via View/Header and Footer 21 Capex
Capex is expected to decline following a period of investments in regionalisation of production from 2008 to 2012
Investments in intangible assets, mEUR Investments in property, 833 plant and equipment, mEUR 786 761 227 668
To add pre-formatted bullets please 328 use the increase/decrease indent 169 355 buttons found in the PowerPoint menu
286 317 606 82 499 164 458 406
235 122
2007 2008 2009 2010 2011 2012
Add presentation information via View/Header and Footer 22 Net Debt/EBITDA The case xxxxxxx 800for wind 1.79x 2.0x 600 1.5x
400 0.78x 1.0x
To add pre-formatted bullets please 200 0.5x use the increase/decrease indent buttons found in the PowerPoint menu -0.05x 0 0.0x
-200 -0.29x -0.5x
-400 -1.0x
-600 -1.5x
-1.82x -800 -2.0x 2007 2008 2009 2010 2011
Net debt Net-debt to EBITDA (RHS)
Add presentation information via View/Header and Footer 23 Why invest in wind? Today wind has what it takes to meet energy demands of the future 1 3 Competitive – low cost of energy Fast – short ramp-up time
Cost of Energy, USD/mwh Ramp-up-time, years
0 50 100 150 200 250 300 0 1 2 3 4 5 6 7 8 9 Coal and gas Wind Wind Solar Biomass Hydro Solar Biomass
2 4 To add pre-formatted bullets please Predictable – business case certainty Clean – few emissions, no water usage and 85 % recyclability use the increase/decrease indent buttons found in the PowerPoint menu Indicative wind business case GHG-emission, gCO2/kwh Water cons., liters / 5 mwh - Predictable revenue 0 100 200 0 10.000 20.000 ROI - Stable costs Wind Wind 85% - Proven technologies Nuclear Solar Biomass Coal Business Case Certainty Coal Nuclear
5 Independent – stable electricity supply
- No borders - No wind scarcity - No geopolitical disputes
Power Independence Add presentation information via Note: * Minor water usage for cleaning purposes in wind and solar energy View/Header and Footer 24 Sources: New Energy Finance (2009), Singapore IEW conference (2009), WEF (2009), EWEA (2009), Vestas Global Marketing & Customer Insight department. Water savings with wind
Throughout its full life cycle wind energy uses less water than other power generating technologies require just for electricity generation.
To add pre-formatted bullets please According to the LCA of the Vestas turbine use the increase/decrease indent buttons found in the PowerPoint menu V112, the total water footprint amounts to 27.7 l/MWh – corresponding to 4% of the water needed to generate 1 MWh in a wet-cooled Natural Gas Combined Cycle (NGCC) plant*
* The data does not account for the water required to build the gas plant or for the water consumption of gas extraction and processing.
Add presentation information via View/Header and Footer 25 Many onshore sites are already competitive
Cost ranges for selected energy technologies
601
501
To add pre-formatted bullets please use the increase/decrease indent 401
buttons found in the PowerPoint menu $/MWh 301
Cost 201
101
1 Large hydro Nuclear Coal Gas Onshore Offshore Geothermal Solar PV wind wind
Add presentation information via View/Header and Footer 26 Source: Bloomberg New Energy Finance Fair Comparison: Wind is clearly the more attractive option
Cost of Energy (averages) • The benefits of wind energy
Decommissioning • Predictable • Independent Social cost • Fast Environmental cost • Clean OPEX • Competitive To add pre-formatted bullets please CAPEX use the increase/decrease indent buttons found in the PowerPoint menu • Wind has the lowest external costs of all energy technologies
Onshore wind energy Nuclear Fossil fuels
Add presentation information via Source: Direct costs compiled from EER 2009 and 2010 and IEA 2010. Indirect costs compiled and/or calculated based on data from EPA View/Header and Footer 27 2011, World Bank 2011, and Stern Review 2006. Fossil fuel data based on supercritical coal and CCGT gas technologies. Wind energy data based on onshore wind plants. Nuclear data is pre-Fukushima, based on new-build using generation III technology.
Main Cost of Energy drivers show pattern of continuous improvement
Declining turbine prices Declining O&M costs
4.0 60
50 Denmark and Germany 2.0 To add pre-formatted bullets please 40 use the increase/decrease indent buttons found in the PowerPoint menu Global 30
1.0 20 7% 10 1984 1990 2000 2004 2011 0.5 100 1,000 10,000 100,000 1,000,000 0 1980 1985 1990 1995 2000 2005 2010 2015 MW
Add presentation information via View/Header and Footer 28 Source: Bloomberg New Energy Finance The future of wind
The wind energy industry increased its contribution to the EU’s gross domestic product (GDP) by 33% between 2007 and 2010. In 2010, the industry’s growth was twice that of the EU’s GDP overall, with the sector contributing €32 billion to an EU economy in slowdown.
• The wind energy sector contributed €32 billion to EU GDP in 2010
To add pre-formatted bullets please • The sector created 30% more jobs from 2007 to 2010 to reach nearly 240,000, while EU use the increase/decrease indent unemployment rose by 9.6% . By 2020, there should be 520,000 jobs in the sector buttons found in the PowerPoint menu
• The sector was a net exporter of €5.7 billion worth of goods and services in 2010
• The sector avoided €5.71 billion of fuel costs in 2010
• By 2020 the wind industry’s contribution to GDP will have increased almost three-fold
• If the industry were a Member State, it would rank 19th in 2020 in terms of its contribution to EU GDP, above Slovakia and just below Hungary
Add presentation information via View/Header and Footer 29 Source: ‘Green Growth’ report by the European Wind Energy Association (EWEA) Products,Reaching our vision Services & Solutions
To add pre-formatted bullets please use the increase/decrease indent Wind is… buttons found in the PowerPoint menu Reducing green Creating Building Reducing house gas emissions jobs and energy dependence and climate change investment security on fossil fuels
CO2
Add presentation information via View/Header and Footer 30 Power Plant Solutions Comprehensive suite of services and solutions for the entire value chain
To add pre-formatted bullets please use the increase/decrease indent buttons found in the PowerPoint menu
Add presentation information via View/Header and Footer 31 Project planning Unique support from Vestas wind & site experts and power system engineers when making crucial decisions about site design and electrical plant layout
SiteHunt® your virtual site portfolio
To add pre-formatted bullets please use the increase/decrease indent buttons found in the PowerPoint menu SiteDesign® data-based decision-making
Electrical PreDesign finding the right balance
Add presentation information via View/Header and Footer 32 Industry leading track record in turbine development Vestas’ track record of turbine evolution over 30 years is unmatched in the wind industry
To add pre-formatted bullets please use the increase/decrease indent buttons found in the PowerPoint menu
8.000
Add presentation information via View/Header and Footer 33 Procurement - Innovative products
High wind. 2 MW 3 MW 8 MW Platform Platform Platform Medium wind.
Low wind.
Onshore. To add pre-formatted bullets please use the increase/decrease indent buttons found in the PowerPoint menu Offshore.
Add presentation information via View/Header and Footer 34 Construction of wind power plants Tailoring the scope of supply to create optimal business case certainty
• Supply and supervision/commissioning
• Supply and installation To add pre-formatted bullets please use the increase/decrease indent buttons found in the PowerPoint menu • Engineering, Procurement & Construction (EPC)/Turnkey solutions
Add presentation information via View/Header and Footer 35 Operation & Optimisation: Active Output Management Our commitment to you
Superior service and certainty through:
the right PEOPLE, supported by
To add pre-formatted bullets please the right INTELLIGENCE, using use the increase/decrease indent buttons found in the PowerPoint menu the right OPERATIONS AND MAINTENANCE plan,
the right INFRASTRUCTURE, maintaining
a strong PARTNERSHIP … backed by performance guarantees
… backed by performance guarantees
Add presentation information via View/Header and Footer 36 Operations and optimisation VestasOnline® - SCADA and Power Plant Controller solutions
The SCADA system adds To add pre-formatted bullets please use the increase/decrease indent • Monitoring buttons found in the PowerPoint menu • Detailed reporting • Optimisation of output • Full business and/or 3rd party integration • Basis for plant data flow into control centres
The power plant controller adds
• Fast and deterministic plant controls • Configurability • Scalability • Scheduled ramp rates • Redundant point of control • Improved response rates • Compliance to demanding grid codes
Add presentation information via View/Header and Footer 37 Operations and optimisation Online operational transparency and performance reporting
To add pre-formatted bullets please use the increase/decrease indent buttons found in the PowerPoint menu Issue Power Weather Performance Resolution Forecast Forecast Manager
An integrated part of our Numerical weather State of the art numerical Increased transparency Customer Portal, provides prediction models weather prediction models full transparency on combined with highly to drive down maintenance Online tools that delivers progress and closure of customized artificial cost customer transparency: potential issues. intelligence neural network • how are turbines models: Enables: performing • seasonal planning, • Service scheduling. • Intraday, • optimizing on • Day Ahead Preventive • 5 days forecast horizon Maintenance • Specifically configured • optimised forecast of for each wind plant external crane use.
Add presentation information via View/Header and Footer 38 Servicing throughout the wind project value chain VestasThe is dedicated Vestas to working in partnership value with customers to deliver the lowest cost of energy and maximum return on investment in wind energy. Edit ”purple” bar to proposition cover full cycle Project planning Procurement and construction Operation and optimisation We are relentlessly committed to making wind work better for our customers by:
• Taking a lifetime partnership perspective To add pre-formatted bullets please use the increase/decrease indent • Delivering Business Case Certainty buttons found in the PowerPoint menu • Continually lowering the Cost of Energy • Putting Safety & Citizenship first
Financing. Siting. Grid When customers choose a wind Building a wind power plant is requirements. Local policy and power supplier, they need a one thing. Operating it at regulations. Customers need to business partner with a track record optimum efficiency is another. consider a wide range of crucial of innovation, commitment and Whether it is managing and factors when they invest in a wind success of delivering wind power maintaining the turbines, power plant. And not just at the plants. A partner like Vestas. training customers to operate planning stage, but for the whole them.. lifecycle of the project.
Add presentation information via View/Header and Footer 39 Partnership. A lifetime value perspective
Customer satisfaction of Vestas remains at a high level in 2012 indicating that operational performance is strong
Customer Satisfaction Score (All Vestas customers) 75 82% 70 70 Customers who consider Vestas as a preferred partner 65 60 31 55 Net Promoter Score A significant number of Vestas’ 50 2009 2010 2011 2012 Key Accounts would recommend Vestas; this is a six-point decrease since 2011 but in the top tier among B2B companies
Source: Customer Loyalty Survey 2012 conducted by Vestas across 495 customers in 42 countries
40 Vestas is reducing the
Cost of Energy . Dedicated low wind designs: A modern V100-1.8 produces 18% more energy compared to a V90- Higher 2.0 MW at 7.0 m/s on a 100 MW site Energy . Flexible Load & Power Modes ensure maximum Production production on complex sites . Lost Production Factor for Vestas turbines has continuously declined and is now below 2%
. The continuously increasing capacity of our Lower turbines results in fewer foundations, roads, cablings etc. for MW constrained sites To add pre-formatted bullets please CAPEX . Advances in load control has lead to lighter use the increase/decrease indent towers and smaller foundations buttons found in the PowerPoint menu Vestas initiatives reducing Cost of Energy . Lower overall park maintenance cost on MW Lower constrained sites due to fewer turbines to OPEX maintain and twice as long service intervals (once per year compared to previously every 6 months)
. Vestas cutting edge offerings SiteHunt® and Business Case SiteDesign® reduce uncertainty in the wind resource assessment and guarantees that our Certainty customers get the maximum possible output from each turbine
Add presentation information via View/Header and Footer 41 Continually lowering Lost Production Factor and increasing Business Case Certainty
Share of the wind not harvested by the turbines
5 4.5 4 3.5 To add pre-formatted bullets please 3 use the increase/decrease indent 2.5 buttons found in the PowerPoint menu 2 1.5 1 0.5 0
January January January January 2009 2010 2011 2012
• Lost Production Factor is the loss in energy production when the wind is blowing and the turbine is not operating • Our experience, expertise and 130 sensors per turbine monitoring performance ensure we can fix problems before they arise • An average lost production factor of less than 2% reduces cost and business risk for our customers
Add presentation information via View/Header and Footer 42 Global Testing Centre Set-Up Vestas has the world’s largest group of wind turbine test facilities employing 150+ engineers and 50 test rigs spanning 12,000 sqm.
Aarhus, Denmark Dedicated Field Prototype Test Sites for field testing verification Global Locations Test agreements with customers
Aarhus, Denmark Drivetrain / Power Generation / Electrical / Materials / Software / GSS
Isle of Wight, UK Rotor (blades, bearings), pitch, yaw
Chennai, India Components, software, GSS
43 Fully Integrated Wind Turbine Testing Facility Among all OEMs, Vestas has the largest testing facility available in-house
New V164 Test Bench inaugurated 2013
Drive Train Testing In Operation since 2010 1 Gearbox Test Rig 5Mnm
3 Gearbox Test Rig 4Mnm
6 Component Bearing Test Rig 1 3 2 Main Bearing Test Rig 2/3 MW Platform 9 5 Drive Train Testing 7 4 2 7 Generator Test Rig 12 MW 6 8 Generator Test Rig 6 MW (MEOST) 8 5 Shake & Bake Test Rig (Converter Modules)
Drive Train Testing 4 Variable Test Cells (Pitch & Yaw; Instron Fatigue etc.)
9 Complete Nacelles Testing
44 V164 - The wind industry’s biggest test bench
• The test bench is 42 meters long and 9 meters wide. The total weight of the test bench, including the motors, wind simulator and generators is nearly 700 tonnes. .
• The enormous test bench will stress the drivetrain, including the gearbox, main shaft and generator of the V164-8.0 MW.
• Uses a comprehensive and rigorous test regime based on experience and data gathered from over 25,000 turbines. Safety comes first at Vestas Incidence of industrial injuries (per 1 million working hours) 33% annual reduction of industrial injuries at 25.3 Vestas since 2006. 20.8 In 2012 there was record low 2.8 injuries per 15.6
To add pre-formatted bullets please one million working hours 8.1 use the increase/decrease indent 5.0 buttons found in the PowerPoint menu 3.2 2.8 In 2015, the target is 0.5 injuries per one million working hours 2006 2007 2008 2009 2010 2011 2012
Add presentation information via View/Header and Footer 46 Safety comes first at Vestas Reputation Incidence of industrial injuries & branding (per 1 million working hours) 33% annual reduction of industrial injuries at 25.3 Vestas since 2006. 20.8 Q2 results for 2012 is 2.7 injuries per one 15.6
million working hours 8.1 5.0 3.2 In 2015, the target is 0.5 injuries per one million working hours 2006 2007 2008 2009 2010 2011
47 Our reputation Relentless commitment to wind gives Vestas the industry-highest reputation
Prospective customers NGOs Financiers Reputation Index, max = 100
79 85 79
74 78 76
72 71 69
72 64 41
85 or above = World 85 Class Reputation*
Reputation on par with Highest reputation High reputation among recognised industrials among NGOs financiers
Note: *Threshold recognised and used by the Reputation Institute Source: Gallup/Vestas Reputation Study (2011) 48 Energy Transparency – Changing the World’s Energy Mix The Energy Transparency Initiative brings a novel perspective on the interface between climate change and the corporate world. Shedding light upon how the private sector via its actions are part of the solution to climate change, not the problem, the Energy Transparency Initiative reaches out to consumers, corporations, and institutions to incite much needed action on climate change..
85% of consumers worldwide A growing number of private sector players want more renewable energy. have already embarked on this journey to a greener economy, but Vestas has via 62% of consumers worldwide Energy Transparency set out to recruit new would prefer to purchase corporate pioneers for this journey. brands produced using wind energy.
Source: 2012 Global Consumer Wind Study
49 WindMade™ By Vestas for the people “WindMade™ is probably the most unique WindMade™ is the first global consumer communication innovation label that identifies products and companies made in the wind business made with wind energy. in the last 30 years.”
The objective behind WindMade™ is to Denise Bode CEO AWEA on Vestas winning the 2011 drive demand for wind power, to boost AWEA Award for Wind Energy Advocacy investment and growth of the renewable energy market.
Developed and funded by Vestas, WindMade™ is today its own NGO. Pioneer WindMade™ companies include brands such as Motorola, LEGO, Deutsche Bank and others.
So far, WindMade™ have labeled around 679GWh from their over 70 members.
50 Act on Facts - fighting against the anti-wind lobby
FOLLOW us on… LIKE us on… JOIN us on…
#ActOnFacts #ActOnFacts GROUP
Q2 2013 Thank you for your attention.
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