Group at a Glance
A High-Value Global Business
The Group is organised into two Divisions: Aerospace and Land & Sea.
Group
Underlying group revenue
- Aerospace 61%
- Land & Sea 39%
Underlying group revenue
£14,588mUnderlying group profit before tax
£1,617mAerospace
The Aerospace Division is a leading producer of aero engines for large civil aircraft and corporate jets. We are the second largest provider of defence aero engines and services in the world.
We power more than 50 types of aircraft across civil and defence markets and have over 29,000 engines in service.
Civil Aerospace
Underlying Revenue Mix
- OE revenue 48%
- Services revenue 52%
Underlying Revenue
£6,837mUnderlying profit
£942mDefence Aerospace
Underlying Revenue Mix
- OE revenue 39%
- Services revenue 61%
Underlying revenue
£2,069mUnderlying profit
£366mLand & Sea
The Land & Sea Division comprises Power Systems, Marine and Nuclear.
Our Power Systems business includes the world-renowned MTU range of reciprocating engines. Marine has equipment installed on over 25,000 vessels.
We have a growing civil nuclear business and
have 55 years of
experience in nuclear
submarine propulsion.
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POWER SYSTEMS
Underlying revenue
mix
- OE revenue 70%
- Services revenue 30%
Underlying revenue
£2,720mUnderlying profit
£253mMarine
Underlying revenue
mix
- OE revenue 63%
- Services revenue 37%
Underlying revenue
£1,709mUnderlying profit
£138m -
NUCLEAR
Underlying revenue
mix
- OE revenue 37%
- Services revenue 63%
Underlying revenue
£684mUnderlying profit
£48mENERGY
We sold the Energy gas turbines and compressor business to Siemens on 1 December 2014.
Underlying revenue
£724mUnderlying profit
£(3)m
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We are totally focused on returning the Company to its long-term trajectory of profitable growth and of superior shareholder returns.”
Download the Chairman’s review -
We continually seek to reduce cost to remain competitive and to generate the funds we need to invest in future
growth.”Download the Chief Executive's review -
We operate in
markets with excellent
long-term
growth
dynamics and
high-barriers
to entry.”Download the Chief Financial Officer’s review
Better power for a Changing World
Our vision is to create better power for a changing world.
We do this by developing world-leading technology, producing highly efficient products and providing through-life services in each of our chosen markets.
Better power
Our world is changing, the climate is altering and populations are increasing. We need more power
but not at any cost to society. The world needs
better power.
Rolls-Royce is committed to research and technology in order to develop innovative and advanced power systems that can help.
Our vision is to deliver better power for a changing world. The following pages illustrate how we are doing this in the air, on land and at sea.
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Better power In the Air
WORLD’S MOST EFFICIENT LARGE AERO ENGINE
Launch customer Qatar Airways took delivery of the first Trent XWB-powered Airbus A350 XWB at the end of 2014. The Trent XWB is the world’s most efficient large aero engine and is 10% more fuel efficient than the legacy engines it is designed to replace.
This first delivery signifies the start of a major engine production programme for the Group. Customers have ordered over 1,500 Trent XWB engines, representing 49% of the Civil aerospace order book.
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Better power In the Air
FURTHER AND FASTER ON LESS FUEL
Rolls-Royce continues to be a market leader in powering large corporate jets. The latest version of Cessna’s flagship aircraft, the Citation X+, entered service in June 2014, further cementing our position in this important market sector. The improved version of our AE 3007 engines on the Citation X+ delivers an increase in thrust at take-off, coupled with a reduction in fuel burn – helping people to fly further and faster but using less fuel to do it.
In addition, we strengthened our long-standing relationship with Gulfstream when we were selected in 2014 to power its new G650ER corporate jet.
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Better power In the Air
LEADING IN LATEST TRANSPORTER POWER
Rolls-Royce is the market leader in powering military transport aircraft with 8,000 engines in service. The new Airbus A400M transporter continued to enter service successfully during 2014. The A400M is powered by the TP400 turboprop engine in which Rolls-Royce is a major partner. We also secured a landmark agreement during the year with Lockheed Martin for up to 600 engines to power its C-130J transporter.
Our fleet of T56 engines has accumulated over 200 million operating hours having first entered service in 1954. We recently introduced an upgrade for the T56 that a US Air Force study predicts could deliver US$240 million in fuel savings for its fleet through to 2040.
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Better power on land
and at seaLOCAL ENERGY – NATURALLY
Efficient, low-emission power systems are in demand across the world for effective solutions to local energy needs. Through MTU Onsite Energy, Rolls-Royce is providing reliable power for applications such as healthcare, data centres, airports, farms and independent power stations.
In Chile for example, two MTU Onsite Energy units powered by Series 4000 engines are now generating 6,400MWh of electricity a year from biogas produced by a local pig farm. These units are the first in the country to generate electricity from a biogas plant. For our customer they provide eco-friendly and profitable power to 2,500 families in the area.
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Better power on land
and at seaPOWERPACKED ON THE RAILWAYS
Power Systems is a major player in engines for the rail industry. To date, over 20,000 MTU engines have been sold for use in drive systems and electrical generation in this global market. 2014 marked the 90th year of MTU engines being supplied for rail traction.
As well as the anniversary, this year also saw an agreement reached with Polish rail vehicle manufacturer PESA for the supply of up to 940 MTU PowerPacks® to be used in railcars operated by Deutsche Bahn. These PowerPacks are among the most advanced in the industry, meeting all the latest European Union requirements on emissions.
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Better power on land
and at sea40 YEARS OF OFFSHORE FLAGSHIPS
The UT-Design series from Rolls-Royce is recognised worldwide as the benchmark for the offshore industry. Today’s vessels employ our wave-piercing hull which improves efficiency and reduces fuel consumption. All major propulsion systems are fully integrated with the hull design to give optimum performance.
Rolls-Royce UT-Design vessels have been helping pioneer oil & gas exploration and providing offshore support for 40 years. So far, more than 800 have been built or are currently under construction.