MARINE will move with unprecedented speed towards decarbonisation
Policies & regulations
IMO target
Access to capital
Cost of carbon
Demand for green sea transport
Technology
Carbon neutral and zero carbon fuels
Carbon fuels for many years, still
Abatement technologies
Battery systems, hybrids & energy saving devices
Fuel efficiency & flexibility
Connectivity & data
Vessels as data pools
Optimisation solutions
Performance-basedagreements
Cyber security
Autonomous operations
2
ENERGY is moving towards a 100% renewables future
Policies & regulations
▪ EU: Carbon neutral by 2050
▪ USA: carbon free electricity production by 2035, net zero emissions by 2050
▪ China: Carbon neutral by 2060
Technology
▪ Wind and solar growing rapidly ▪ Intermittent sources requiring
balancing power
▪ Sustainable fuels for thermal balancing
▪ Digitalisation ▪ Cyber security
Growing ENERGY demand
▪ By 2050, electricity generation expected to grow by 3X, renewables by 8X 1)
▪ By 2030, balancing power market to grow by 10X 2)
▪ Gradual replacement of coal
▪ Power systems increasingly complex
1) IEA World Energy Outlook 2021 (Net Zero Emissions Scenario)
2) Bloomberg New Energy Outlook 2020, Wärtsilä estimates
OUR VALUE CREATION POTENTIAL IS BASED ON TWO STRATEGIC THEMES
1
2
TRANSFORM
Decarbonisation creates new business opportunities
PERFORM
Leverage market recovery and growth
3
TRANSFORM
Decarbonisation creates new business opportunities
Maritime is going through an unprecedented rate of change, which is accelerated by regulations and the demand for green transport.
Also, the energy sector is undergoing a massive transformation as decarbonisation and renewables are fundamentally going to change the way energy is generated.
1 Major test programme launched, 100% ammonia concept in 2023, 100% hydrogen in 2025
3 First Wärtsilä GridSolv Quantum
delivered in the USA
4 First real-life digital port call with Wärtsilä Navi-Port
6 Hitting methanol milestone with first newbuild engine order
7 Ensuring optimal performance and minimal carbon footprint for world's most environmentally friendly ferry
We are set for performance and have significant value creation potential to drive this transformation as a technology leader.
2 Extensive service network, positioned for growth both in transactional services and performance-based agreements
5 Wärtsilä selected to supply world's largest bioLNG production plant
4
PERFORM
We are ready to leverage market recovery and growth
#1-3 in global markets
FINANCIAL TARGETS:
5% annual organic growth
12% operating margin
"SET FOR 30"
DECARBONISATION TARGETS:
carbon neutral in our own operations by 2030
a product portfolio ready for zero carbon fuels by 2030
Clear financial targets and strong commitment to realise them
Extensive service network, positioned for growth both in transactional services and performance-based agreements
Robust capital allocation
Notable opportunity
principles and active
in retrofits and
portfolio management
conversions
Focus on:
High performing teams
Performance excellence and robust execution
Continuous improvement
Cost structure - actions taken whenever and wherever necessary
5
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Wärtsilä Oyj published this content on 30 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2022 12:53:08 UTC.
Wärtsilä Oyj is an industrial group organized around 4 families of products:
- maritime equipment (47% of net sales; No. 1 worldwide): maneuvering and propulsion systems, inspection and anti-leak systems, etc. intended for ships and offshore platforms. The group also offers maintenance, equipment installation, machine service, spare parts supply, technical assistance, training services, etc.;
- equipment for the production of energy (46.6%): motors, pumps, generators, modular systems and industrial equipment intended for power stations, gas and oil plants. The group also offers engineering services and builds turn-key industrial plants;
-smart solutions for optimizing maritime voyage (4.5%): solutions for marine traffic control, real-time information, route planning, navigation, automation, intelligent ports, simulation, etc.;
- other (1.9%).
Net sales are distributed geographically as follows: Finland (0.8%), Europe (28.6%), Americas (35.3%), Asia (25.4%) and others (9.9%).