201306 gri_eng

1 Corporación Gestamp - June 2013

GRI Renewable Industries 32


IndexJune 2013

1. Corporacion Gestamp

1.1. Gestamp Automocion

1.2. Gonvarri Steel Industries

1.2.1. Gonvarri Steel Services

1.2.2. Gestamp Renewable Industries

1.3. Gestamp Renewables

1.3.1. Gestamp Solar

1.3.2. Gestamp Wind

1.3.3 Gestamp Biomass


Corporacion Gestamp


Corporacion Gestamp – Facts and Figures

Over 130 industrial plants around the world allows Corporacion Gestamp to be a global supplier

• Turnover: > USD $ 12 billion in 2012

> 9 billion € in 2012

• Employees: > 32.000


Corporacion Gestamp – Global Presence

Through its subsidiaries, Corporacion Gestamp is present in over 25 countries


Corporacion Gestamp – Brief history

1958 Gonvarri Establishment

1966 First Steel Service Center in Burgos (Spain)

1968 Entrance in the automotive componenents business

1989 Corporación Gestamp Establishment

1992 Arcelor becomes Gonvarri shareholder

1997 Establishment of Gestamp Automoción as anindependent business unit

1997 Arcelor becomes Gestamp Automoción shareholder

2007 Corporación Gestamp enters renewables businesses

2009 Gestamp Renewables establishment

2011 Split of Gonvarri Steel Industries into: Gonvarri Steel Services and Gestamp Renewables Industries


Gestamp Automocion


Gestamp – Facts and Figures

Gestamp designs and manufactures components and systems for the automotive industry

• Automotive metal components supplier for OEMs

• 28.500 employees worldwide

• 2011: Over 4.700 M€• 2012: Over 5.700 M€

• 93 industrial plants worldwide

• Body-in-White, Chassis and Mechanisms• Wide range of technologies.• Focus in weight reduction and safety increase

Activities

Employees

Turnover

Facilities

Leadership


Desarrollo de Gestamp

Gestamp – Facts and Figures

Gestamp turnover in 2012 by geographical areas


Desarrollo de Gestamp

Corporación Gestamp

Gestamp – Global Presence

Gestamp is present in 19 countries supplying the main OEMs through its 93 plants


Gestamp: Product & Technologies Development

Gestamp offers its customers a broad product portfolio


Wide range of technologies attending the industry requirements: weight reduction and enhanced security



Gestamp growth

1997 2007 2011

Turnover (M€)

Employees

Plants

Countries

Products& Technologies

240

1.622

10

4

Structural partsCold Stamping

+Hot Stamping

Welding, AssemblyHidroforming, Rollforming…

+Chassis

MechanismsRemote Laser W.

2.150

12.230

38

11

4.775

25.000

89

19


Gestamp growth

2.030

3.170

4.775

5.757

0

1.000

2.000

3.000

4.000

5.000

6.000

2009 2010 2011 2012

56%

51%

21%

+176%

17 Corporación Gestamp - June 2013Gonvarri Steel Industries


Gonvarri Steel Industries – Facts and Figures (M€)

2,386

161

4,639

2,570

148

5,577

2010

1,870

134

3,546

Turnover (M€)

EBITDA (M€)

Employees

2011 2012


Gonvarri Steel Industries

Gonvarri Steel Industries is composed by two different business lines: Steel

Service Centers (Gonvarri Steel Services) and Industrial activities within the

Renewable Energies (GRI Renewable Industries)


Gonvarri Steel Industries – Global Presence

Steel Service Centers

Gestamp Wind Steel plants

Shangdon Iraeta 2

Shandon Iraeta 3

Gonvarri India

Severstal Gonvarri Kaluga

SPAIN

•Headquarters

•Gonvarri Galicia

•Hiasa

•Gonvauto Barcelona

•Gonvauto Navarra

•Gonvarri Burgos

•Gonvarri Tarragona

•Gonvarri Barcelona

•Ferrodisa

Gonvarri Portugal

Gonvarri Polska

Gonvauto

Thüringen

AMG Senica

GonvarriRomania

Gestamp Wind Steel Barnirma

IraetaGestamp Wind Steel

Gonvauto Argentina

AMG Panará

AMG Campinas

Iraeta Brazil

Gestamp Wind Steel Pernambuco

Gonvauto Puebla

Gonvauto South Carolina

Gestamp Solar Steel Arizona

Gestamp Wind SteelGestamp Wind Steel China

Steel&Alloy Turqkey

Steel&Alloy Aycliffe

Steel&Alloy Bridge Street

Steel&Alloy Darlastone 1

Steel&Alloy Darlastone 2

Gestamp Solar Steel25GSSSSCs

35FACTORIES

WORLDWIDE

Gonvarri Steel Industries has 35 Steel Service Centers and 11 wind and solar industrial components manufacturing facilities

10GRI

plants



Gonvarri Steel Industries is present in many sectors through different products: automotive, wind towers and flanges, solar

structures, road safety and household appliances



We provide main Auto OEMs and work with important players within different sectors


Gonvarri Steel Services


Gonvarri Steel Services: The company

Activity

Employees

• From procurement and steel processing until delivery including quality management.

• Over 3,000 employees worldwide.

Sales• 2012: Over USD $ 2.7 billion• Over 3 Million steel tons.

Facilities • 25 industrial plants worldwide

Leadership

• To strengthen and increase our presence.• Profitable growth through a leverage human talent in a safety

working environment and efficiency in operations.

Gonvarri Steel Services is oriented to a full service in order to meet steel customer’s needs through four business units: automotive,

road safety, industry and household appliances


Gonvarri Steel Services: Facilities Facts


Gonvarri Steel Services has a wide presence in Europe, South America and recently in Asia, with 24 facilities

Gonvauto Puebla

Gonvarri Argentina

AMG Paraná

AMG Campinas

Gonvarri Steel Service Centers

HeadquartersGonvarri GaliciaHiasaGonvauto BarcelonaGonvauto NavarraGonvarri BurgosGonvarri TarragonaGonvarri BarcelonaFerrodisa

Gonvarri Portugal

GAIPL Pune

Gonvauto Thüringen

Gonvarri Polska SG Kaluga

AMG Senica

Steel&Alloy Turkey

Steel&Alloy AycliffeSteel&Alloy Bridge StreetSteel&Alloy Darlastone 1Steel&Alloy Darlastone 2

Gonvauto South Carolina

25GSSSSCs

Gonvarri Steel Services: Global Presence

Arizona


Gonvarri Steel Services: Business Units

The extensive industrial capacity of Gonvarri Steel Services is focused on four business units:

Automotive Road Safety

Household appliances Industry


Automotive Business is centralized in the full service of metal autoparts manufacturing. Traditional business was focused on steel materialhowever, following new trends, aluminum is also in our portfolio.

Gonvarri Steel Services holds over 25 years experience in outsourcingservices to the main OEMS. In this sense, the long-term strategy is tomaintain and enlarge partnership with the main players of theautomotive business.


Automotive


Road Safety is focused on the development, manufacturing and installationof vehicle barrier systems for roadways, as well as acoustic barriers andnoise-free tunnel coatings for roadways railways and tunnels.

Road Safety business unit performs an strong R&D activity and as a result,Gonvarri Steel Services holds several patents for road safety systems.

All manufactured products have successfully passed the test stipulated bycorresponding European standards.

Road Safety



Household Appliances


Gonvarri Steel Services holds full services in metal parts for white goodsindustry.

Our approach is based on our clients’ internationalization processes.


Industry is the traditional business of Gonvarri Steel Services.

The business is oriented to sectors such as pipes, shelves, elevator, industrial machinery and equipment.

Gonvarri Steel Services covers full range of industrial processes to satisfy our customers’ needs.

Industry



Gonvarri Steel Services has developed a deep expertise

in the steel processing …

… and we cover a wide range of industrial processes

Gonvarri Steel Services: Steel Processing


LONG EXPERIENCE IN STEEL BUSINESS

SOLID RELATIONSHIP

WITH STEEL MILLS

FLUENT COMMUNICATION

FLEXIBILITY

PEOPLECOMMITMENT

MULTIPLE SITES

GOOD FINANTIAL SITUATION

STRONG QUALITY POLICY

COMPLETE STEEL SERVICE

BUSINESS

Gonvarri Steel Services: Steel Processing


GRI Renewable Industries 32


GRI Renewable Industries

During 2007 Gestamp analyzed the possibility of entering

a new business line

In 2008 Gestamp launched a new division named GRI focused on industrial components for the renewable sector

New Business

Line

High growth potential

Associated with the Steel

Industry

Diversification in products ,

clients & markets Higher

profitability than core business


The industrial market for the renewable energy matched Gestamp´s business model and presented significant opportunities for the group

Gestamp Business Model

Geographic Diversification

VERTICALIntegration of

Businesses

Steel Market Knowledge

Commercial relation with big OEM´s

Large steel consumers

Trend towards Global Supply

Chain

Subsidized & regulated Markets

Spanish Technological

Leadership

Global development and growth

Few large OEM's

Value chain integration

OEM ProximityKnow-how

adquisition in mature markets

Export Know-how to booming

MarketsSteel Industry

Create a replicable Business model

Original GRI Development Model



GRI developed a matrix that exposes a clear vertical integration & geographical diversification strategy to succeed in the new market

Operating LT ObjectiveST Objective

S/T PRESENCE PLANED

Cutting and beveling Flanges Towers

SPAIN

BRAZIL

USA

TURKEY

CHINA

Logistics and assemblyTurbine components

INDIA

SOUTH AFRICA

NORTHERN

EUROPE

Offshore Hybrid towers

Value Chain & Products

Markets



1st Semester

2008

2st Semester

2008

1st Semester

2012

1st Semester

2013

2st Semester

2012

1st Semester

2011

2st Semester

2011

1st Semester

2010

2st Semester

2010

1st Semester

2009

2st Semester

2009

Acquisition of

Ganomagoga SPAIN

New GHT business

unit

Acquisition of Shrenik

INDIA

Shandong Iraeta 3

InaugurationCHINA

Acquisition Golden Luyang CHINA

GWS Bandirma Inauration TURKEY

JV with Berge

(GesBerg)

Acquisition of FIHI

SPAIN & CHINA

GWS Pernambuco Inauguration

BRAZIL

Cutting & Beveling

PERNAMBUCO

TowersFlangesGRI Services

In 2008 the Industrial division within the renewable sector was born through the acquisition of Ganomagoga a spanish group focused in wind tower manufacturing



On-Shore

Towers

Hybrid Towers

O/S Towers

Wind Flange

Standard Flange

Nuclear & O/S

Flange

Cutting & Beveling

GesBerg Logistics

As market through our strategy GRI competes in wind market throughits three business units




PAINTINGASSEMBLY OF COMMERCIAL

JOINT SEGMENTSBENDING LONGITUDINAL WELDING

METALIZING

Towers Flanges

BLASTING

CUTTING & BEVELING

HEAT TREATMENTFORGING RING ROLLING

BENDINGMECHANIZING CNC DRILLING

WELDING/FLASH WELDING

WELDINGCELLS

WELDING OF INTERNALS

Logistics

INSTALLATIONLOGISTICS STORAGE AREA

PREVENTIVEMAINTENANCE

MAJOR CORRECTIVE MAINTENANCE RETROFITTING

Hybrid Towers

ASSEMBLYFOUNDATION PREFABRICATION

COMPLETE TOWERTRANSITION PIECE STEEL SECTION

GRI concentrates its efforts in integrating all the main industrial processes to enhance our know-how & reduce supplier risks ….



Towers Flanges

….while reaching global commercial agreements with all the main market players



Capacity: 300 towers / year

Max. diameter capacity: 5,000mm

Max. length of sections: 34m

Max. plate thickness: 70 - 85mm

Max. weight of sections: 80 tons.

Workforce Oct.2011: 120
















Max. plate thickness: 70mm



GWS Galicia

GWS Pernambuco

GWS Bandirma

GWS India

GWS has been following its main clients to key strategic markets, with state of the art facilities, to provide them with a global & efficient supply



Capacity 28.000 Tn/ Year

Max. diameter 8.000 mm

Max. thickness 800mm

Max. flange weight 40 tons.


Capacity 25.000 Tn/ Year





Capacity 20 000 Tn/ Year





Capacity 30 .000 Tn/ Year





Iraeta Zestoa Shandong Iraeta 1

Shandong Iraeta 2

Shandong Iraeta 3

FIHI has established its industrial presence in key strategic markets, such as China & Spain, allowing us to supply & compete in all main markets



Tower Logistic 2012: 20

Tower Installation 2012: 75

Workforce 2012: 43

Capabilities:

• Foundations

• Prefabrication

• Installation

Workforce 2012: 3

Tn Process Capacity: 48,,000

Max Dimensions:

• Thickness: 60mm

• Diameter: 15x4 Mtrs

• Weight: 17 Tn

Workforce 2012: 29

C&B Pernambuco

Gesberg

GHT

GRI Services is accessing areas of the industries value chain in which GRI believes there is a good business opportunity


GESTAMP RENEWABLES


Gestamp Renewables – The Company


Gestamp Renewables – Global Presence

Gestamp Solar

Gestamp WindGestamp Biomass

South Africa

India

BrazilPeru

Chile

USASpain

FranceBelgium

Poland

RomaniaBulgary

Turkey JapanItaly

1GWOPERANDO


Gestamp Renewables – Cadena de valor


Gestamp Solar


Gestamp Solar – Lines of activity

•Employs over 150 people.

•Solutions for solar systems:

• Solar Plants• Roof top Projects

• Gestamp Solar has participated in more than 450 MW of photovoltaic installations, manufacturing and supplying steel structures to support this capacity.


Gestamp Solar – Roof tops

1 Vehicle and materialprotection against

meteorological elements

2 Cost reduction ininsurances

3 Infrastructureimprovements

4 Ecological andgreen image

5 Availability ofelectricity

+ 70 MW in large roof tops…and 120 MW projected, mostly on parking shelters. Gestamp Solar has installed over 70 Mw of PV electricitygeneration facilities of some of the most importantautomobile makers in the world.


Gestamp Solar – Value chain


•Global presence:

Spain

Italy

France

U.S.A.

India

Chile

Peru

South Africa

Japan

Gestamp Solar – Global Presence


Gestamp Solar – MW desarrollados hasta 2012 y Pipeline 2015


Gestamp Solar 2011- 2015 – Facts and Figures (M€)

Gestamp Wind


Gestamp Wind – Introduction

Gestamp Wind’ mission is to develop, construct, and operate its own wind farms through out the world, with the goal of becoming a significant player in the Wind Energy sector over the next few years.

In order to achieve this, Gestamp Wind has to rely on the international platform and industrial capabilities of Corporación Gestamp as well as in a team of highly qualified and experienced professionals.

Gestamp Wind is composed by a work force with extensive experience in the renewable energy sector especially in developing wind energy in the international market.

DesignConstruction

Operation & Maintenance


Gestamp Wind – Key to success

Management Team

With a Track record Management Team of over

3.500 MW of wind power development from

greenfield until its commercial operation, Gestamp

Wind is a specialist in wind farm projects in strategic

markets.

Deep knowledge of target markets

Wide experience in corporate operations with

success in fulfilling the expectations of generating

more value for more than 2.450 MW acquired.

Control of all phases of the business value chain.

Industrial Project

Gestamp Wind & Gonvarri Steel Industries.

Annual production target of 1.750 wind towers

in 2012 with plants in 10 countries.

Planned investment of 110 MM€ in 4 years.

Supported by the strengths of Corporación

Gestamp and their market knowledge on wind

energy.

Strategic positioning differential:

Development linked to local social and

economic impact on investment.

Relationship with WTG manufacturers,

improving the supply agreements and

offering opportunities for joint development.


O&Ms

CIVIL ENGINEERING & ELECTRICAL

DEVELOPING

0 %

100 %

40 %

60 %

80 %

20 %

TOWERS

BLADES

NACELLES

GEOL is positioned along thevalue chain of the windenergy sector, diversifyingthe risk of concentration inbusiness promotion.

CONSTRUCTION AND OPERATION

MAINTENANCE, TRANSPORTATION AND ASSEMBLY

Gestamp Wind – Value chain

SALES OF ENERGY


Gestamp Wind – MW in operation / under construction 2013

In operation: 174 MWAdvanced development: 382 MW

In operation: 112,MWUnder construction: 128 MW

Advanced development: 114 MW

BRASIL

In operation: 74 MWAdvanced development: 217

MW

SOUTH AFRICA

In operation: 137MWAdvanced development: 90 MW

In operation: 24MWUnder construction: 92MW

TURKEY

Under construction: 14 MW

BELGIUM

SPAIN

MW IN OPERACITION2013

MW UNDER CONSTRUCTION

2013

259

535

MW ADVANCED DEVELOPMENT

2013

1126

In operation: 14MWAdvanced development: 60 MW

POLAND

Under construction: 10 MWAdvanced development: 80 MW

Under construction: 15 MW

ROMANIA

Advanced development: 183 MW


Gestamp Wind – Facts and Figures


Gestamp Biomass


Gestamp Biomass – Lines of activity

Solutions Development


Gestamp Biomass – MW to start operating in 2013


Gestamp Biomass – Main Magnitudes 2013


June 2013

201306 gri_eng

Documents

gestamp growth1997

gestamp wind

plants12 corporacin

countries7 corporacin

gestamp growth2

gestamp automocion1

gestamp renewables1

gestamp solar1