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> AREVA NP GmbH < AREVA NP Veille Stratégique, Areva The dollar team – 18 janvier 2010.

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Presentation on theme: "> AREVA NP GmbH < AREVA NP Veille Stratégique, Areva The dollar team – 18 janvier 2010."— Presentation transcript:

1 > AREVA NP GmbH < AREVA NP Veille Stratégique, Areva The dollar team – 18 janvier 2010

2 > AREVA NP GmbH 2 AREVA NP All rights are reserved, see liability notice. Areva Group Structure

3 > AREVA NP GmbH 3 AREVA NP All rights are reserved, see liability notice. Front end division

4 > AREVA NP GmbH 4 AREVA NP All rights are reserved, see liability notice. Reactors & Services division

5 > AREVA NP GmbH 5 AREVA NP All rights are reserved, see liability notice. Back End division

6 > AREVA NP GmbH 6 AREVA NP All rights are reserved, see liability notice. Transmission & Distribution division

7 > AREVA NP GmbH < AREVA NP Concurrence

8 > AREVA NP GmbH 8 AREVA NP All rights are reserved, see liability notice. Concurrence overview

9 > AREVA NP GmbH 9 AREVA NP All rights are reserved, see liability notice. Rosatom > Creation approved in 2007 > All nuclear Activities of Russia  Civil  Military  Ice-breaker fleet > Two civil subsidiaries:  Atomergoprom: Complete-cycle corporation All civil Nuclear activity from Rosatom  Atomstroyexport

10 > AREVA NP GmbH 10 AREVA NP All rights are reserved, see liability notice. Structure of Atomergoprom

11 > AREVA NP GmbH 11 AREVA NP All rights are reserved, see liability notice. FRONT END

12 > AREVA NP GmbH 12 AREVA NP All rights are reserved, see liability notice. NUCLEAR DESIGN

13 > AREVA NP GmbH 13 AREVA NP All rights are reserved, see liability notice. Product and concurrence > Direct concurrence: LWR  EPR (PWR)  Atmea (PWR)  Kerena (BWR) > Indirect concurrence: HWR  Candu  … > R&D:  Gen IV

14 > AREVA NP GmbH 14 AREVA NP All rights are reserved, see liability notice. EPR > 1600 Mwe PWR > ASN Certified in 2004 > 4 under construction (china, France, Finland) > First Gen III+ under construction > Expect US Certification by 2012

15 > AREVA NP GmbH 15 AREVA NP All rights are reserved, see liability notice. Atmea > Medium power PWR > JV with MHI

16 > AREVA NP GmbH 16 AREVA NP All rights are reserved, see liability notice. Kerena > 1300 MWe BWR > From SWR-1000 design by F-ANP > Support from E.On > Main development in Germany

17 > AREVA NP GmbH 17 AREVA NP All rights are reserved, see liability notice. Westinghouse / Toshiba > AP 1000 > Help Korea to get the KNGR

18 > AREVA NP GmbH 18 AREVA NP All rights are reserved, see liability notice. ABWR > Advanced Boilling Water Reactor > Concept by GE > Built by Toshiba and Hitachi

19 > AREVA NP GmbH 19 AREVA NP All rights are reserved, see liability notice. ESBWR > Economic & Simplified BWR > GEH

20 > AREVA NP GmbH 20 AREVA NP All rights are reserved, see liability notice. AP 1000 > Westinghouse Design > Had NRC certification in 2005 > Unit(s) under construction in China  $8bn deal in 2006  Technology transfer to China (which Areva refused)

21 > AREVA NP GmbH 21 AREVA NP All rights are reserved, see liability notice. APWR > Advanced PWR > MHI > US Certification expected for 2012 > EUR Certification in Progress

22 > AREVA NP GmbH 22 AREVA NP All rights are reserved, see liability notice. VVER or WWER > Vodo-Vodyanoi Energetichesky Reactor or Water-Water Energetic Reactor > 1000 MWe PWR > AtomStroyExport  Russian exporter > Five units under construction:  China, Iran, Bulgaria, India > Threat: price!

23 > AREVA NP GmbH 23 AREVA NP All rights are reserved, see liability notice. BACK END

24 > AREVA NP GmbH 24 AREVA NP All rights are reserved, see liability notice. Historical point > Historical advantage > First reprocessing plant in the world (to be checked)

25 > AREVA NP GmbH < AREVA NP Finance

26 > AREVA NP GmbH 26 AREVA NP All rights are reserved, see liability notice. Areva Financial Intelligence > Necessity to understand the financial performance of Areva > Necessity to understand the financial environment surrounding AREVA > 1 method developed:

27 > AREVA NP GmbH 27 AREVA NP All rights are reserved, see liability notice. Areva Financial Intelligence > Areva Strengths:  Sustained growth: +10.4% in 2008  Important backlog: 48.2 €Bn  Worlwide revenue Source : Areva 2009 financial report Source : Document de reference Areva 2008

28 > AREVA NP GmbH 28 AREVA NP All rights are reserved, see liability notice. Areva Financial Intelligence > Areva Weaknesses:  High Debt: €6,414M (49% of capital in )  Strong impact of OL3 program on profit: 64% of 2008 income  Low Margin Source : Areva 2009 financial report

29 > AREVA NP GmbH 29 AREVA NP All rights are reserved, see liability notice. Areva Financial Intelligence > Areva Opportunities:  Nuclear power is a low-cost energy  Importance of carbon footprint  Rarefaction of conventional fossil fuel (Petrol, Gas) No carbon taxNuclearGazWind Turbine €/Mwatt-hour Source : CEA website Carbon tax at 20€/t NuclearGazWind Turbine €/Mwatt-hour Source : CEA website

30 > AREVA NP GmbH 30 AREVA NP All rights are reserved, see liability notice. Areva Financial Intelligence > Areva Threats:  Global economic crisis: Lower energy demand Difficulty to loan money for long term investment  Antinuclear lobby Germany and Belgium progressively withdraw nuclear power  High competitiveness  Huge investment needed

31 > AREVA NP GmbH < AREVA NP Clients

32 > AREVA NP GmbH 32 AREVA NP All rights are reserved, see liability notice. > Nuclear Activities There are only a few clients. They are mainly important electric distributors. Ex : France : United-States : Japan : Great european presence. There are also users of research reactors. > T&D The clients are much more numerous (> clients) - Great electricity companies: PLN (Indonesia) ; Kahrama (Qatar) - Big electricity consumers : Alcan ; Rusal - Transmission companies : NG (United Kingdom) Clients – General facts

33 > AREVA NP GmbH 33 AREVA NP All rights are reserved, see liability notice. The strategy concerning clients > Front End Client’s will : to secure their supplies -> long and mid-term contracts Rise in the world’s uranium comsuption : - Development of mining capacities: exploration efforts, formation of geologists, ressources diversification - Development of conversion and enrichment : construction of new industrial facilities : Comurhex II, Georges Besse II, Eagle Rock (USA) - A success in the transition from gaz diffusion technology to centrifugation

34 > AREVA NP GmbH 34 AREVA NP All rights are reserved, see liability notice. The strategy concerning clients > Nuclear design Strength : Areva built 91 of the 439 reactors in the world and has shown its capacity to manage huge construction projects since the 80’s. Areva is present in France, Germany, other european countries, South Africa, China, South America. There are EPR projects all around the world. But : clients want more and more delay and cost garanties (OL3) A feedback must be made on current projects to avoid making the same mistakes in the future.

35 > AREVA NP GmbH 35 AREVA NP All rights are reserved, see liability notice. The strategy concerning clients > Back end Areva is the leader of the waste reprocessing market. -> great technological and industrial advance (R&D) -> for the clients, reporcessing = more energy independancy, savings, waste and radiotoxicity Strategy : To promote closed-cycle technologies > T&D branch A great technologic know-how, skills, quality service are appreciated by the Strategy : to continue the geographic deployement, and continue R&D investments.

36 > AREVA NP GmbH < AREVA NP Suppliers

37 > AREVA NP GmbH 37 AREVA NP All rights are reserved, see liability notice. Suppliers and sub-contractors > Label Fournisseur AREVA: AREVA uses this label to obtain a « long-term trust relationship » with its 25 quality criterees : sustainable development, competitivity… Investments made for innovation and research, care to safety, security and environment are crucial elements in the 250 labelized suppliers this year in France and abroad. Strengths

38 > AREVA NP GmbH 38 AREVA NP All rights are reserved, see liability notice. > Dependancy : a risk factor - Although the group has implemented measures to limit the impact of a potential breakdown and has covered its exposure through - Business interruption insurance for its industrial units and selects - Breakdown, a work stoppage or an interruption of the supply chain at the group’s industrial units or at a supplier’s location could have a signifi cant negative impact on the group’s financial position and on its ability to respond in optimum manner to customer demand. Weaknesses Suppliers and sub-contractors

39 > AREVA NP GmbH < AREVA NP R&D

40 > AREVA NP GmbH 40 AREVA NP All rights are reserved, see liability notice. Technology and R&D : strengths Innovation : R&D costs increased of 8 % compared to 2007 > With “droit d’usage”: millions euros in 2008 > Nuclear: 908 millions euros in 2008 (11,2 % of the turnover) > Pole T&D: 150 millions euros in 2008 (2,9 % of the turnover, progression of 10,3 % compared to 2007)

41 > AREVA NP GmbH 41 AREVA NP All rights are reserved, see liability notice. Technology and R&D : weaknesses > The radiologic impact: maximal limit of 1 mSv/year medium dose : in France 2,4 mSv > Evaluation of sanitary risks:

42 > AREVA NP GmbH 42 AREVA NP All rights are reserved, see liability notice. > Events: Technology and R&D : weaknesses

43 > AREVA NP GmbH 43 AREVA NP All rights are reserved, see liability notice. Our interview Interview with Pascale Gourmel, responsible of strategic watch in Areva NP R&D

44 > AREVA NP GmbH 44 AREVA NP All rights are reserved, see liability notice. Our interview Information sources Professional magazines Data Base Lectures Standards BU documentations CEA, nuclear advisors Patents Internet Websites Forums News Legislation Field employees Foreign Areva offices Suppliers Clients, INPI bases, PWROG Intranet Common data bases Newsletters Experts Events, shows, savant societies

45 > AREVA NP GmbH 45 AREVA NP All rights are reserved, see liability notice. Thank you !! Any questions ?


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