曝光臺 注意防騙 網曝天貓店富美金盛家居專營店坑蒙拐騙欺詐消費者

$bn
0
100
200
300
400
500
600
700
2006 2007 2008
Source: US DoD
2006 2007
824
1,058
Airbus
Boeing
1,458
1,423
Total
Orders Backlog
3,421
3,427
6,848
Record new civil aircraft orders
Key: Supplemental Base budget
Record US defence budget
28 March 2008
Aerospace Growth
Teleflex Aerospace acquisition completed on 29th June
2007
£70m revenue – double digit margins – earnings
accretive
Revenues
90% aero engine – 10% power generation
70% commercial – 30% military
Extends position with GE and Snecma
Integration proceeding to plan – well received by Aero
engine customers
Excellent progress on next generation programmes
Source: GKN estimates
Engine
blisk
29 March 2008
GKN position on new programmes
Shipset values
$M 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5
A350 XWB
CH53K
JSF
A400M
A380
747-800
787
$1 billion annual revenues at rate production
2007 participation
A350 XWB expected
30 March 2008
Strong Portfolio in Production
(approx shipset values US$)
0 1 2 3 4 5 6
Turboprop/ bisjet
Large commercial
Rotorcraft
Military Transport
Fighters
F-22
$M
F-18
F-15
C-17
C-130
C-27
Blackhawk
EH101
A330
A340
B777
Continental
DASH 8 (400)
V-22
31 March 2008
Aerospace – New Business Supports Growth
US defence programmes strengthen - good
platform sales in export markets as well
F-18, C-27J, C-130J, F-15
Programme wins and extensions – over
$1 billion of new business
Sikorsky CH-53K aft fuselage structure
767 and 737 winglets
HondaJet composite fuselage
Boeing 787 and 747-8
32 March 2008
Filton Acquisition - A step change for Aerospace
Airbus preferred partner for Filton and wing technology
development
Long term relationship in large commercial aircraft
Lifts civil sales to over 55% total
Significant position on narrow bodies
Strong growth profile across current Airbus programmes
Increases GKN large aircraft backlog from $4.5 billion to
over $7 billion
33 March 2008
A350 XWB position in wing composites drives
investment programmes
Creates a global leadership position in wing structures
Filton Acquisition - A step change for Aerospace
GKN Aerospace: $3 billion plus revenues in 2010
GKN
2007 Key Financials
March 2008
35 March 2008
Results Summary
Sales (subsidiaries)
Trading profit (subsidiaries)
Profit before tax¹
Earnings per share¹
Dividends per share
Subsidiaries & JVs
(¹) & (²) Before restructuring and impairment charges, amortization of non-operating intangible assets arising on business combinations,
profits and losses on sale or closure of businesses and changes in fair value of derivative financial instruments. 2006 profits have
been restated in respect of GKN Sheepbridge Stokes Ltd (whose results are included within companies sold or closed.
Sales
Trading profit
Margin
20062
£m
2007
£m Increase
6%
10%
11%
17%
5.5%
3,869
277
255
35.1p
13.5p
3,634
251
230
30.1p
12.8p
7%
14%
0.4 pts
4,122
309
7.5%
3,842
272
7.1%
36 March 2008
Trading Profit Margins – Subsidiaries & JVs
1. Excluding Sheepbridge Stokes
2. Including corporate costs
2007
%
2006
%
7.6
3.8
5.3
7.0
10.1
7.1
Target range
%
Driveline 8.1 8-10
Other Automotive1 5.8 6-10
Powder Metallurgy 4.8 8-10
OffHighway 6.9 7-10
Aerospace 10.1 10-12
Group 1&2 7.5 8-10
37 March 2008
Currency Impact
2007: Currency impact
unfavourable £13m including
transactional £9m; translational
£4m
2008: Transactional
approximates prior year levels;
translational upside potential
from current Euro rates
Impact of 1% movement on 2007
trading profit
Euro = £1.6m
US$ = £0.7m
Average exchange rates used for
translation of sales and profits
2007 2006
Euro 1.46 1.47
US$ 2.00 1.84
38 March 2008
Tax Rate Analysis
Guidance
Weighted average of tax rates in major countries in
　
中國航空網 m.k6050.com
航空翻譯 www.aviation.cn
本文鏈接地址：航空資料31(164)