Welcome to GKN · PDF fileWelcome to GKN Aerospace ... • £170M invested in new...
Transcript of Welcome to GKN · PDF fileWelcome to GKN Aerospace ... • £170M invested in new...
Welcome to GKN Aerospace Filton and Western Approach
Neil McManus| CEO Aerospace Europe & Special Products
John Pritchard| VP & MD GKN Metallics
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INVESTOR AND ANALYST VISIT TO GKN AEROSPACE SITES OCTOBER 2013 Investor Visit – GKN Aerospace – August 2014
GKN Aerospace
£2.2billion International Aerospace enterprise
32 sites, approx 12,000 people
Kevin Cummings
CEO
GKN Aerospace
Daniele Cagnatel
GKN Aerospace
Aerostructures
North America
Neil McManus
GKN Aerospace
Europe
Mike McCann
GKN Aerospace
Engine Systems
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INVESTOR AND ANALYST VISIT TO GKN AEROSPACE SITES OCTOBER 2013 Investor Visit – GKN Aerospace – August 2014
Lead in
chosen
markets
Excellent customer
relationships
Building stronger strategic relationships
New customers
Leverage
global
footprint
Globalise our business
Develop more business in Asia and Americas
Extend global value chain
Customer proximity
Technology
driving
margin
Deliver customer-
valued innovation
Innovation in key products
Process innovation
Partnering with customers on unique technologies
Operational
excellence
Safe, lean operations
Improve safety performance
Class leading cost, quality, delivery
Fully implement Lean in whole value chain
Values – walking the talk
GKN Aerospace – Making things fly
Sustain
above market
growth
Increasing share with current customers
Partnering on new programmes
Bringing new technologies to market
Successful acquisitions
17% CAGR achieved
2005-2013
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INVESTOR AND ANALYST VISIT TO GKN AEROSPACE SITES OCTOBER 2013 Investor Visit – GKN Aerospace – August 2014
GKN Aerospace
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INVESTOR AND ANALYST VISIT TO GKN AEROSPACE SITES OCTOBER 2013 Investor Visit – GKN Aerospace – August 2014
Transparencies
and Protection
Systems
Special products 5% of Sales 2013
Nacelle and
Pylon
Engine structures 50% of Sales 2013
Engine Systems and Services Wing Fuselage
Aerostructures 45% of Sales 2013
A380 Fixed Trailing Edge
A350XWB Rear Spar
A330 Flap Skins
B767 Winglet
J-UCAS Fuselage
CH53K Aft Fuselage
B787 Floor Grid
HondaJet Fuselage F35 Canopy
B787 Cabin Windows
V22 Fuel Tanks
B787 Anti-icing System
Full Engine MRO and support
Ariane 5 Exhaust nozzle
B787 Inner Core Cowl
A400M Engine Intake
B747-8 Exhaust
Engine structures Engine rotatives
GKN Aerospace – World class product portfolio
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INVESTOR AND ANALYST VISIT TO GKN AEROSPACE SITES OCTOBER 2013 Investor Visit – GKN Aerospace – August 2014
Market drivers bringing opportunities
Fuel price
Noise
legislation
Increasing
passenger
travel in
emerging
markets
Higher fuel
efficiency
Better noise
attenuation
Increasing
demand for
aircraft
Engine
technology
changes
- hotter cores,
lighter fans
New materials
– composite
fans/cases,
titanium
replacing
composites
Airlines
renewing
fleets
sooner
GKN technology
composite fans and
cases for future large
aircraft
Strong position on
geared turbo-fan
Specialist titanium
engine structures for
next generation engines
Winglets and future
wings
Light weight composite
Increased new aircraft
sales
Drivers GKN opportunity Requirement Solution
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INVESTOR AND ANALYST VISIT TO GKN AEROSPACE SITES OCTOBER 2013 Investor Visit – GKN Aerospace – August 2014
GKN Aerospace – well positioned for the future
1 2 3 4 5 6 7 8
C17
F/A-18
CH53-K
JSF
A400M
C130J
V22
Blackhawk
A380
A330
B787
A350
HTF7000
B737 / A320
Ship set values $m
Co
mm
erc
ial
M
ilit
ary
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INVESTOR AND ANALYST VISIT TO GKN AEROSPACE SITES OCTOBER 2013 Investor Visit – GKN Aerospace – August 2014
Next generation
composite processes
Advanced
metallic processes
Advanced process development
Transparencies
and coatings
Future product differentiation
Future wing
technologies
Advanced
fuselage
Nacelle, pylon
and exhaust
Engine
structures
Engine
rotatives
Ice protection
systems
Technology – Targeted innovation
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INVESTOR AND ANALYST VISIT TO GKN AEROSPACE SITES OCTOBER 2013 Investor Visit – GKN Aerospace – August 2014
Capital allocation
Effective make or buy
Requires time to recover
Volvo Aero and new
programme investments
GKN technologies bringing
customer value
Balance between partnerships
and long-term agreements
Lean deployment throughout
value chain
Good position on existing
and new commercial
programmes
On the right military
platforms
Strong cashflow
GKN Aerospace summary
ROIC
>20%
Growth c.2%
above market
Margin range
11% to 13%
Business
performance
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Filton – A Century of aircraft manufacturing expertise
1910
British & Colonial Aeroplane Company founded at Filton – Bristol Boxkite first aircraft manufactured
1949
First flight of the Brabazon
1960’s & 1970’s
Concorde
146 Regional Jet Fuselage – fully equipped and tested
Tornado machined components
A310 trailing edge
1980’s & 1990’s
First A321 fuselage section delivered
Airbus A330/340 major sub-assemblies, Leading edge & trailing edge
Outer wing box
2000’s
A380 components and trailing edge assembly
A400M components, leading and trailing edge
Today - GKN Aerospace Filton
Manufacture of major sub-assemblies and components for every Airbus aircraft
Dassault wing moveables design build package
JSF machined components
Other customers include Rolls Royce, Cobham, BAE Systems, Boeing and Triumph
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Machined Primary Structural Components Gear Ribs Pintle Fitting Rib Centre of Excellence
Major Assembly & Integration Wing Box Leading Edge Trailing Edge
Structural Sub-Assembly
Flight Control Surfaces Shroud Box Fixed Shroud
This is GKN Aerospace Filton – Overview
Sales: £387m
Workforce >1,750
including >100 Design
Centre Engineers
Facilities: 105,000sqm
Programmes:
Large Civil
Military Transport
Biz Jet
Military Fast Jet
Wing Systems Fuel Anti-Ice Bleed Air Pneumatics Hydraulics
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GKN Filton – A Growing Business Investing in the Future
New Customers
Joint Strike Fighter
Dassault
Boeing
Triumph
Facilities
£23M capital investment since 2009
£30M projected over next 3 yrs (~70% on increasing capacity)
Filton Engineering Centre established
New technology investment – Linear Friction
Welding & Additive Manufacture
People
Safety
Employee engagement
Education and Community support
Apprenticeship programmes – supporting the site
infrastructure & ensuring we are fit for the future
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The possibilities and benefits are exciting
Unlocks materials science
Only uses the material you need - uses less material
Design no longer constrained by conventional manufacturing processes
Allows design for functionality
Speed and flexibility of development
A revolutionary set of technologies – not evolutionary
Phased introduction is implicitly required
Secondary derivative structure before primary optimised
Need to pin variables to gain acceptance
Process and material are now linked like never before
Big challenge to the industry in evaluation
How to certify
New and novel QA techniques required
GKN Additive Manufacturing
Welcome to GKN Aerospace Western Approach
August 2014
Steve Colebrook – General Manager, Western Approach
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Safety – GKN Core Value
• Please stay with your host at all times
• Remain within designated gangways whilst on production floor
• PPE rules to be respected at all times
• Keep hands-off raw material and cured carbon
• No Test Fire Alarm schedule for today
• Emergency Exits are clearly identified, remain with your host and follow
them to the Muster point
Have a Safe and Enjoyable visit
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GKN Western Approach
• £170M invested in new state-of-the-art composite wing structures
manufacturing and assembly facility
• Over 30,000m2 of floor space
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Advancing GKN Capabilities on A350XWB
Western Approach – GKN’s Centre of Excellence for major composite primary structure components
First Advanced Fibre Placement spar manufacture – largest composite part in GKN
First FTE automated moving assembly system
Fully integrated product teams working closely with customer and supply chain
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Outer Spar
Mid Spar
Inner Spar
A350 Fixed Trailing Edge Design
3 Spars total over 27m in length with an accuracy of +/- 0.3mm
Total weight of spar carbon is 1230kg/aircraft
FTE assembly weighs 1800kg
The FTE is 7% of total wing weight and supports 10x its own weight
First “large Scale” assembly operation undertaken by GKN
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Spar Process Flow
Goods In
Advanced Fibre
Placement
Transfer to
Cure Tool
Autoclave
Cure Router
To
Assembly
Mandrel
Preparation
Paint
Non Destructive
Testing Rib-Post Assy
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Assembly Process Flow
Spar
and
Details
Despatch
Load to Jig
Spar
Integration
IRS 5 Axis Drill
MRS & ORS Robot
Drill
Bolt & Assemble
Digital Scan Joint Robotic drill &
Integrate
Move