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Smiths Aerospace

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Defence continues to be a high priority. Strong underlying demand for air travel ... Air intake control. Hydraulic fuses. Reservoir. Valves. Accumulator. Engine ... – PowerPoint PPT presentation

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Title: Smiths Aerospace


1
Smiths Aerospace
Meetings with investors at the Paris Airshow June
2005
Smiths Group
2
Smiths Aerospace
  • US defence procurement expected to level off
  • Commercial aerospace growing strongly
  • Airline sector is not profitable

Why is Aerospace attractive?
Approx. proportion of Smiths total sales
  • Defence continues to be a high priority
  • Strong underlying demand for air travel
  • Leadership positions in the supply chain are
    rewarding

3
Capabilities on military transports(Applications
C-130AMP, C-130J, C-17, C-27, P-8A MMA, B767
Tanker)
4
Smiths Aerospace is a Tier One supplier on
military platformsCapabilities on fighters
(Applications F-35, F-22, F-18 E/F, F-16,
Eurofighter, Hawk)
Battery charging system Power supplies Prognostics
and health Monitoring system
Variable speed constant Frequency power
generation Regulated/transformer rectifier unit
Fuel dump
Primary flight control actuators Empennage
components
Airbrake actuator
Remote input/output
Variable exit nozzle/Thrust vectoring Actuation
system Engine distress and monitoring system
Secondary flight control
Fin control actuator. Auto target recognition
Gun pod
Tailcone
Cable harnesses and connecters
Primary flight control actuators
Canopy/Windscreen system/Canopy actuators
Refueling probe
Stores/Weapon Deployment actuation system
Mission planning and debrief systems (ground
based)
Wing structures
Pylons Pylon interface unit Missile lock
Seat actuator
Doors Air intake control
Landing gear actuation and uplock mechanism Nose
wheel steering Hydraulic valves Holdback bar
Landing gear actuation door lock
Fuel tank Active fuel probes
Hydraulic fuses Reservoir Valves Accumulator
Integrated modular avionics Mission
computer Utilities computer Stores management
systems Interface blanker unit Supplementary
power and cooling system Environmental control
system
Fuel and hydraulic tubes/hoses
Engine components
Integrated cockpit suite Data recording/Displays P
itch feel
5
Capabilities on UAVs(Applications X-47, X-45)
6
Smiths Aerospace has a strong position with
Boeing and AirbusCapabilities on large
commercial aircraft (Applications Boeing 737,
777, 787 Airbus 320, 300/340, 380)
Fuel systems
High-lift systems
Fuel and hydraulic tubes/hoses
Primary flight control actuators
Airframe components
Primary flight control actuators
Remote input/output
Power generation
Cable harnesses and connecters
Power generation
Environmental control
Doors and door actuators
Flying control surfaces
Integrated avionics Flight management Data
management Displays
Primary flight control actuators
Wing structures
Landing gear actuation and control
Fuel systems
Structures
Power distribution
Thrust reverser and cowl opening actuation system
Doors and door actuators
Utilities management
Engine components Engine actuation
Wing structures
Landing gear actuation and control
7
Boeing 787 Dreamliner
  • Major Systems won by Smiths
  • Common Core
  • High Lift
  • Landing Gear
  • Programme Status
  • Firm Orders 64
  • Options 24
  • Entry into Service 2008

Trend to systems integration, but each customer
is different
8
Airbus A380
Major Systems won by SmithsHigh Lift Landing
Gear
Programme StatusFirm Orders 139Options 70
Entry into Service 2006
9
What are we?
Engine Components Growth fueled by Competitiveness
  • Aerospace Systems
  • Delivering Integrated Solutions

Northrop Grumman selects Smiths for J-UCAS
Landing Gear System 8th February 2005
Smiths expands Aircraft Engine Facility in China
1st November 2004
10
Smiths Aerospace Business Dimensions
FY04 Sales 1,006m Military / Civil split60 /
40
Electronic systems
Mechanical systems
Engine components
Sales Split
RD/Sales
  • Recent Additions
  • DGT acquired for 57m in mid 04
  • Integrated Aerospace acquired for 57m at end 05
  • Company Funded (expense to profit)
  • Customer Funded (largely govt / military)

8
12
11
Where are we?
RoW
Customer Services
Electronic Systems
China
Poland
Australia
Mechanical Systems
Engine Components
Singapore
Total employees circa 11,000
12
Smiths Aerospace on Major PlatformsTypical
programme revenues
13
Competitors
Electronic Systems
Mechanical Systems
Honeywell
Rockwell Collins
Moog
Cobham
Parker
Hamilton Sundstrand
Liebherr
Goodrich
Thales
Goodrich
Engine Components
Customer Services
Barnes Group
Carlton
GKN
Third Party Repair Centres
Primes in-house capabilities
Magellan
Operators in-house capabilities
Firth Rixson
Doncasters
14
Aeroengine Component supplier
Civil Military GE/CFM ? ? Pratt Whitney ?
? Rolls Royce/Eurojet ? ?
Flash Welded Rings
Machined Shafts
Machined Combustors
Fabricated Mixers
Engine side wall
15
Business Dimensions Aftermarket
TotalIntegratedSupport
  • Service Based

PBL / Logistics Support
  • Performance Based

2005 Sales
Aftermarket
Rate per hour
Original Equipment
  • Usage based

Fixed Price
  • Cost Based

Time Material
  • Cost driven
  • Reactive

16
How are we performing?
Smiths Aerospace performance in H1 2005
at constant currency 17 24
H1 2005 514 39 8
m Sales Operating Profit Margin
Contribution to Smiths Group operating profit
US 101
Eurofighter
Boeing 787
  • Delivered first system for Airbus A380, F-35 JSF,
    C-130 AMP
  • Development work on Boeing 787 Dreamliner on
    schedule
  • Selected for complete landing gear on X-47B
  • Teamed with Lockheed on US 101 Presidential helo
    fleet
  • Capacity in China doubled by 2006
  • Engine component plant in Poland being expanded

17
Smiths Aerospace Sales Trends
2005
Commercial OE
Military OE
Aftermarket
(underlying growth, excluding acquisitions at
constant currency)
18
Smiths Aerospace Continuing strong performance
in the defence sector
Global military market
Actuals
Forecast
30
25
20
15
Aircraft production value bn
10
5
(Smiths projections)
0
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Smiths will increase its market share when market
levels off
19
Smiths Aerospace Significant growth in the
commercial aircraft sector
Global commercial market
Actuals
Forecast
100
80
60
Aircraft production value bn
40
20
(Smiths projections)
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2001
Business jets
Regional transports
Commercial jets
Civil helicopters
Exec/Utility turboprops
Smiths is increasing market share, opportunities
in later years for new narrow bodies
20
Growing as anticipated
  • US defence spending flattening
  • The civil aerospace industry is recovering
  • Airline customers are still making huge losses

So why is Smiths so confident?
We have strong platform positions - gaining
market share Supported by increased RD Engine
Components business delivering planned
growth Sustained drive on all aspects of cost
21
Smiths Aerospace
Smiths Group
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