Rolls-Royce Holdings Plc 2019 Environmental, Social .
Rolls-Royce Holdings plc2019 Environmental, Social & Governance Event03 April 2019
SafetyNotices2ESG Event 2019 Rolls-RoyceSafeHarbourMobilePhones
08:15Welcome Ian Davis (Chairman)08:25 Business Update Warren East (CEO)Agendafor today08:40 Governance Innovative GovernanceIan Davis (Chairman) Board Apprentice ProgrammeSummer Smith (VP, Talent Management and Diversity & Inclusion) Corporate Governance CodePamela Coles (Chief Governance Officer) Audit CommitteeLewis Booth (Audit Committee Chairman)09:00 Environmental Emphasis on SustainabilitySir Frank Chapman (Safety, Ethics & Sustainability Committee Chairman)Sir Kevin Smith (Science & Technology Committee Chairman) Sustainable Power through TechnologyPaul Stein (Chief Technology Officer)09:15Social Our CultureHarry Holt (Chief People Officer) Employee EngagementIrene Dorner (Employee Champion)09:30 Break09:45 Breakout sessions10 :45 Re-group for feedback & wrap-up3ESG Event 2019 Rolls-Royce1 1 :00 Refreshments and close at 11:30
WelcomeIan DavisChairman4ESG Event 2019 Rolls-Royce
Business UpdateWarren EastChief Executive5ESG Event 2019 Rolls-Royce
ResultssummarySolid progress6ESG Event 2019 Rolls-RoyceUnderlyingcore revenue 14.3bnUnderlyingcore PBT10 %* 483m 184m*Core underlyingEPSUnderlying coreoperating margin17.4p4.4%2017: 4.4p140bps*Core free cash flow‘Dividend’ per share 641m11.7 p* Organic change2017: 318m2017: 11.7p
2018Full YearResultsoverviewCivil AerospaceEngine flying hour growth; OE loss reduced; new engineslaunched; good progress introducing technical fixes onTrent 1000Power SystemsExcellent progress driven by strength across key marketsand growth in service revenuesDefenceSolid year with strong order backlog, additional newcontracts in aerospace; continued success in naval marketand servicesRestructuringOn track with 1,300 net headcount reduction; run-ratesavings of 400m per annum by end 2020FinancialStrong revenue growth, core FCF more than doubled,material strengthening of balance sheet, exceptional charges7ESG Event 2019 Rolls-Royce
Our longterm visionand strategyCreating the leadingindustrial technologycompanyPioneering the Power that MattersRolls-Royce pioneers cutting edge technologies thatdeliver the cleanest, safest and most competitivesolutions to meet our planet’s vital power needsChampionelectrificationReinvent with digitalVitalise existing capabilities8ESG Event 2019 Rolls-RoyceBuild balanced portfolioTransformourbusiness
Structure toenable changeCreating the conditionsfor the businesses tosolve the problemsthemselvesCUSTOMERSCivilAerospace Significantly reducedcentral costs Empowered businesses,more control of own costs Shared vision and clearaccountabilityPowerSystemsDefenceGROUP BUSINESS SERVICESLeanHEADOFFICE9ESG Event 2019 Rolls-RoyceEach business to deliverimproving returnsFollowing ITP Aero acquisition in December 2017, ITP Aerooperates and reports as a separate business unit
Investment ininnovation iskey for ourfuturedevelopmentNet R&D spend of 1.1bn in 2018 Continued progress on UltraFan:10% more fuel efficient than TrentXWB and significant weight, noiseand fuel burn reduction Developments in small scale fullelectric and hybrid-electric flight Micro-grid offering launched Exploring how robotics couldrevolutionise engine maintenance Continued investment in materialscience10ESG Event 2019 Rolls-Royce 892 patents approved for filing;a new record for Rolls-Royce
Building beyond the breakthrough in 2019CustomersTechnologyPeople &cultureFinancialprogress Increaseproductionvolume Revitalise service Build a resilientbusiness Continueimproving freecash flow Expand servicenetwork Mitigatedisruption fromin-service issues11ESG Event 2019 Rolls-Royce Develop newenginearchitecture Advanceelectrificationprojects Continuerestructuringprogramme Further simplifyprocesses Diversity &inclusion Furtherstrengthenbalance sheet Enhance capitalallocationdiscipline
Q&A12ESG Event 2019 Rolls-Royce
Governance13ESG EventPresentation2019 April 2019 Rolls-Royce
Ian DavisChairman14ESG Event 2019 Rolls-Royce
InnovativeGovernanceKey trends in governance Focus on corporate purpose, culture and risk ‘Democratisation’ of company and board workforce engagement Increasing importance of ESG to investorsand society Increased scrutiny of financial, audit andethical integrity Transparency of everything15ESG Event 2019 Rolls-Royce
Board ApprenticeProgrammeSummer SmithVP, Talent Management andDiversity & Inclusion16ESG Event 2019 Rolls-Royce
ExecutiveleadershipdevelopmentWider learningopportunities17ESG Event 2019 Rolls-RoyceAssigned to core tRemunerationCommitteeSafety, Ethics &SustainabilityEmployeeStakeholderCommitteeScience &TechnologyDigitalGovernanceBoardExecutive Team utcomesAGM & Meet the Board eventMasterclasses and networking opportunitiesEnvironment &SustainabilityCommittee
BoardApprenticeProgramme18ESG Event 2019 Rolls-Royce
Pamela ColesChief Governance Officer19ESG Event 2019 Rolls-Royce
CorporateGovernanceCodeUK Corporate Governance Code 2016 Fully compliantUK Corporate Governance Code 2018 Board review of governance initiatives andprogrammes during 2018 Reported in the spirit of the 2018 Code wherepossible20ESG Event 2019 Rolls-RoyceStakeholder engagement Review of different stakeholder groups andactivities Identified opportunities to strengthenrelationships See pages 66 – 68 of the 2018 Annual Reportand www.rolls-royce.com
Audit CommitteeLewis BoothAudit Committee Chairman21ESG Event 2019 Rolls-Royce
AuditCommitteeTransition to PwC as external auditors Monitoring workplan and activitiesFRC – Audit Quality Review team KPMG’s audit of y/e 2017 financial statementsIFRS15Contract accounting Abnormal costs of Trent 1000 issues Impact of A380 curtailment Onerous contract reviewReview of restructuring costsRisk management22ESG Event 2019 Rolls-Royce
Environmental23ESG Event 2019 Rolls-Royce
Sir Frank ChapmanSafety, Ethics & SustainabilityCommittee ChairmanSir Kevin SmithScience & TechnologyCommittee Chairman24ESG Event 2019 Rolls-Royce
Emphasis onsustainabilityAdditional emphasis on sustainability in2019 and environmental performance Renamed Safety, Ethics & SustainabilityCommittee from 1 April 2019 – taking the leadon sustainability Oversight of environmental strategy,developed by the management-ledEnvironmental & Sustainability Committee Supported by the Science & TechnologyCommittee - environmental impact of newproducts and technology Revised terms of reference onwww.rolls-royce.com25ESG Event 2019 Rolls-Royce
Sustainable Powerthrough TechnologyAn environmental perspective onRolls-Royce technology26ESG Event 2019 Rolls-RoycePaul SteinChief Technology Officer
Rolls-Roycetechnologycontributesto thedecarbonisationof severalsectors Aviation Maritime &Railway PowerGeneration4% 2%Maritime & rail transport9%Residential & services18%Road transportAir transportEmissionsfromfossil fuels42%Power generation32,314Mt CO224%Manufacturing,construction & industry27ESG Event 2019 Rolls-RoyceSource: IEA CO2 Emissions from Fuel Combustion, OECD/IEA, Paris, 2018
Reducing theenvironmental impactof our productsOur Groupenvironmentalapproach15%reduction in CO2since Trent 700Developing newtechnologies andcapabilitiesTwo thirdsof our technology is directed atlowering environmental impactReducing theimpact of ourbusiness operationsTargeting28ESG Event 2019 Rolls-Roycezero emissionsby 2030
Increasinglymore fuel efficientproductsEnvironmentalstrategy fordecarbonisingaviation1%increase in fuel efficiencyper yearSupportingsustainable fuelsWorking with fuels industry onsustainable biofuel-keroseneblends BoeingBreakthroughtechnology especiallyelectrification29ESG Event 2019 Rolls-RoyceE-Fan X and M250 Hybriddemonstrators in 2020-2021
CO2 (Engine)Workingtowards ourFlight Path2050 goals% CO2 0(Engine)*Trent family-5Technologydemonstratorengine targets-10ACARE (AdvisoryCouncil for AviationResearch andInnovation in Europe)Flightpath 2050 target-20-15Trent 700Trent 800Trent 500Trent 900Trent 1000Trent XWBAdvance3-25TargetUltraFan -301990 2000 2010 2020 2030 2040 2050Trent XWBThe world’s most efficientlarge aero engine inservice today*Normalised by thrust30ESG Event 2019 Rolls-RoyceUltraFan Delivering a 25% improvementin fuel efficiency relative toTrent 700
UltraFan keytechnologiesAdvanced Powerplant integrationAdvanced CTi fan system10% more fuelefficient thanTrent XWBAdvanced hybridceramic bearingsBreakthroughgeared fanarchitecturecombined withnew advancedengine corePower gearboxESG Event 2019 Rolls-Royce2nd gen highstrength Ni alloyLean burn combustionAdvance3 coreMulti stageIP turbinesystem withTiAI aerofoilsAdaptive cooling systemLow speed fan systemDynamic Sealing31Advanced turbinecasting and CMCsSmart adaptive systemsHigh torque density shafts
2025 EVTOLElectrificationof CivilAviationRegional hybrid 20302040 Middle of market & widebody32ESG Event 2019 Rolls-Royce
Biogas enginesAlternativefuels andhybrid forPowerSystemsHighly efficient combinedheat and power systemsfrom climate-neutralregenerative fuelsLNG engines22% less CO290% less NOx incomparison to liquid fuelsHybrid trainsUp to30% less CO2 emissions33ESG Event 2019 Rolls-Royce
y toincrease in variablerenewable energy sourcesSmall ModularReactors (SMRs)Zero carbon energy at 60/MWh34ESG Event 2019 Rolls-Royce
Investing inlow carbonoperations reducesOperationsand facilitiescost and risk of risingenergy prices andvolatilityTargeting zeroscope 1 2emissionsfrom our operationsand facilities by 2030*AbsoluteGHG emissions (ktCO2e)2030 TARGET201838120173922016201535ESG Event 2019 Rolls-Royce* excluding product test andpower generation02014 BASELINE405432484
Social36ESG Event 2019 Rolls-Royce
Our cultureHarry HoltChief People Officer37ESG Event 2019 Rolls-Royce
VISIONOur cultureto deliverour vision &strategySTRATEGYPioneering the Powerthat MattersReinventwith digitalChampionelectrificationVitalise existingcapabilitiesTransformourbusinessBuild balanced portfolioENABLERS38ESG Event 2019 Rolls-RoyceBusinesssystemPeopleframework
Our desiredcultureCARECreating a working environment whereeach of us is able to be at our bestGROWINGBEHAVIOURSEmbrace AgilityBe BoldPursue CollaborationSeek SimplicityCOREVALUES39ESG Event 2019 Rolls-RoyceTrusted to deliver excellenceAct with integrityOperate safely
Achievingour desiredcultureEmbeddingour values &behavioursSignificantchange to theleadershipcadreAnti-bullying &harassment40ESG Event 2019 Rolls-RoyceA culture &frameworkfor leadershiplearningPerformanceenablement
Measuringculturalchange41ESG Event 2019 Rolls-RoyceMeasuring progress:Progress so far:Ethics helpline statisticsIncreased helpline usageand reduced response time% change in leadership cadreEnterprise Leadership Group35% smaller & 30% newEmployee survey scoresResults stable for three yearsLiveWell accreditation76% UK sites accreditedSafety balanced scorecardReduced total reportableinjury rate year-on-yearD&I targetsProgress made against targets** See pages 46 and 74 of the 2018 Annual Report
Diversity &inclusionAccelerating throughour restructureprogramme Improved business unit accountability Comprehensive, coherent & integrated targets Stronger leadership focus Enhanced Employee Resource Group networkAttract & recruitRetainDevelop Training for hiringmanagers:– recruit the best– unconscious bias Focus on diversetalent retentionthrough restructure Increased diversityon key talentdevelopmentprogrammes Gender neutral jobdescriptions and offerletters Early career diversityimprovement activities42ESG Event 2019 Rolls-Royce Inclusive social mediacampaigns Diverse restructureselection panels D&I training forpeople leaders Flexible workingarrangements Learning through exitsurveys and feedback Succession planningwith focus ondiverse talent Next GenerationFemale LeadersProgramme
Employee EngagementIrene DornerEmployee Champion43ESG Event 2019 Rolls-Royce
EmployeeEngagementEmployee opinion survey New, simple and outcome-driven employee survey Greater leadership accountability where leadersmust live up to our leadership expectationsAnti-bullying and harassment Current reality that bullying and harassment isprevalent in parts of our organisation Approach to engage everyone, everywhere andcreate a workplace where we can all be at our bestEmployee Champion Sharing feedback with the Board New Rolls-Royce North America Employee Champion44ESG Event 2019 Rolls-Royce
Safe harbourstatement45ESG Event 2019 Rolls-RoyceThis presentation may contain forward-looking statements.Any statements that express forecasts, expectations andprojections are not guarantees of future performance andguidance may be updated from time to time. Thispresentation is intended to provide information toshareholders, and is not designed to be relied upon by anyother party or for any other purpose, and the Company andits Directors accept no liability to any other person other thanthat required under English law. Latest information will bemade available on the Group's website. By their nature, thesestatements involve risk and uncertainty, and a number offactors could cause material differences to the actual resultsor developments.
ContactsPamela ColesChief Governance OfficerTel: 44 (0)207 227 9174Pamela.Coles@rolls-royce.comRachael EverardHead of SustainabilityTel: 44 (0)7747 486522Rachael.Everard@rolls-royce.comJennifer RamseyHead of Investor RelationsTel: 44 (0)207 227 9087Jennifer.Ramsey@rolls-royce.comElena PrenticeInvestor Relations & ESG ManagerTel: 44 (0)207 227 9237Elena.Prentice@rolls-royce.com46ESG Event 2019 Rolls-RoyceFor more information: www.rolls-royce.com/investors
Rolls-Royce Holdings plc. 2019 Environmental, Social & Governance Event. 03 April 2019
The G650 ‘Cost per mile’ is not yet available. CHART B Aircraft Model # of Engines Engine Model Engine Manufacturer Thrust Bombardier Global 6000 2 BR 710-A2-20 Rolls Royce 14,750 Bombardier Global 5000 2 BR 710-A2-20 Rolls Royce 14,750 Gulfstream G550 2 BR 710-C4-11 Rolls Royce 15,385 Gulfstream G650 2 BR 725 A1-12 Rolls Royce 16,900 Model
1 Rolls-Royce Merlin The Rolls-Royce Merlin engines were a series of 12 cylinder, 60 "V", 27 litre, liquid cooled piston aircraft engines built during World War II by Rolls-Royce, and under licence in the United States by Packard. They are widely considered to File Size: 266KBPage Count: 7
Ghost and Ghost Extended wheelbase are the essence of Rolls-Royce in its simplest, purest form. The classic Rolls-Royce proportions are all present and the height of the body; the long wheelbase and bonnet; the short overhang at the front and the long overhang at the rear. Indeed, our chief Designer has his own unique way of describing Ghost.
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6 Module 1: Introduction to PLC Basic PLC Operation In the example shown in fig 1.8, pushbuttons are connected to the PLC's inputs and a motor is connected to the PLC's output. Here the pushbuttons are used to start and stop the motor. Fig 1.8: Motor control using a PLC PLC Basic Parts A PLC consists of the following basic parts: Inputs
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