03 probst day 2_ecc 2012

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03 probst day 2_ecc 2012

  1. 1. www.pwc.comWhat are today’s mega-trends in industrialtransformation and howto spot themVienna, 19 April 2012Laurent ProbstErica MonfardiniLaurent Frideres
  2. 2. Case study: Maritime and renewable energies (1/3)The emergence of a new technology 1990s In a climate of increasing awareness of the global need for research and development in renewable energy, research begins on marine turbines to generate renewable energy from tidal streams 2005 OpenHydro is formed after negotiation of world rights to the Open-Centre technology • Design and manufacture of turbines for deployment in tidal farms throughout the worlds oceans • Sale of turbines with turnkey installation and maintenance services providing developers with an end to end solution 2006 Testing of the Open-Centre Turbine begins at the European Marine Energy Centre (EMEC) in Orkney, ScotlandWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 2
  3. 3. Case study: Maritime and renewable energies (2/3)DCNS and the Port of Cherbourg 1700s DCNS is a naval defence company based in France and one of Europe’s leading shipbuilders, 1900s a company involved in both traditional and new activities 1990s The Port of Cherbourg, highly dependent on the naval defence industry and the construction of nuclear submarines, enters a crisis after the end of the Cold War 1996 1700 jobs are lost at the shipyard of Cherbourg 2000s The reconversion of the port and the shipyard presents an ongoing challenge Attempts are made to identify new opportunities for the port and to diversify the local economyWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 3
  4. 4. Case study: Maritime and renewable energies (3/3)Development of a new industrial segment 2007 DCNS acquires Sirehna, a specialist engineering Acquisition company focused on the creation of key technologies for the naval, offshore and energy sectors 2011 DCNS buys an 11% stake in OpenHydro Test case 2012 DCNS and OpenHydro win the Cleantech 2012 Award for the best investment in an innovative start-up by a New major corporate group manufacturing process 2012 A pilot project with four turbines is underway off Paimpol-Bréhat in Brittany 2014 Planned start of operations of a new manufacturing plant for tidal turbines at Cherbourg 2018 Production of 100 turbines annually expected at the new facility in Cherbourg creating 2-300 new jobsWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 4
  5. 5. New emerging industriesCharacteristics• Usually formed on the basis of a new product, service or idea and come into being when consumer needs change, new technologies replace older ones, or when new socio-economic conditions emerge• Most often driven by key enabling technologies (KETs), new business models such as innovative service concepts, and by societal challenges that industry must address as a matter of survival• Tend to be research and knowledge intensive industries, as their emergence and development usually results from applied creativity and disruptive innovation• Typically nurture entrepreneurship and an innovative spiritWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 5
  6. 6. New emerging industriesValue chains are being reconfigured• New emerging industries use some or part of the value chains of traditional industries• They consist of either entirely new activity sectors or of restructured sectors that transform, evolve or merge into new industries• Service innovation is a key factor in these transformations• Traditional sectors undergo a reconfiguration into new emerging industries with transformations usually occurring at the design and engineering phases• New emerging industries have some key technologies-based services in common, which include ICT, business services and engineeringWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 6
  7. 7. New emerging industriesValue chains are being reconfigured Production Traditional R&D Engineering Production Distribution Market industry Adapted Production Market Emerging R&D Engineering Production Distribution Market industryWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 7
  8. 8. Industrial transformationsNew paradigms requiring new policies Markets Industry R&D Traditional Key Emerging Industries Internationalisation New demands industries and globalisation of R&D Consumerism Explosion of global Social change R&D capacity Environmental Emergence of the change knowledge –based economy New Models Reorganisation Key Emerging IndustriesWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 8
  9. 9. 2 signals to identify Emerging Industries : EquityInvestment and M&AWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 9
  10. 10. Identifying and classifying emerging industries Our methodology Focus on financial deals: mergers and acquisitions and equity investments mergers & acquisitions mergers & Traditional acquisitions industry Emerging Traditional industry Traditional industry Emerging industry industry mergers &acquisitions New equity industry & Finance technology investments What are today’s mega-trends in industrial transformation and how to spot them 19 April 2012 PwC 10
  11. 11. Identifying and classifying emerging industriesFrom sectors to key emerging industries Candidate emerging Sectoral classification Key emerging industries industries Agriculture Analysis Selection Key emerging Manufacturing of cross- of the most industry sectoral active, linkages significant based on and M&A and Candidate relevant equity emerging Information & data emerging industry industries communication Financial activities Database on M&A and equity investments including over 10,000 dealsWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 11
  12. 12. New emerging industriesList of industries identified and numbers of deals Number of M&A deals Number of equity deals Business and Management Services 1,526 3,633 Construction 2,472 5,694 Creative Industries 2,308 5,283 Eco Industries 1,452 4,517 Experience Industries 1,710 3,351 Finance 1,613 4,363 Food 1,165 2,030 ICT & Mobile Services 2,542 6,722 Maritime 1,196 2,821 Mobility 2,249 4,744 New Materials 768 2,727 Personalised Medicine 2,221 6,587What are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 12
  13. 13. New industry configurationsIdentified based on financial transactions between firms Transport Construction Recovery & Recycling Energy Maritime Civil Engineering Manufacturing Eco New industries Materials Publishing Business Services R&D in Biotechnology Creative ICT & Mobile Services industries MediaWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 13
  14. 14. Key emerging industries (KEI)Employment, turnover and value added Value added (EUR million) Turnover (EUR million) 5.000 Mobility 4.500 500 1,000 1,500 4.000 Construction 3.500 ICT & Mobile Services Food 3.000 Eco industries 2.500 Experience Maritime Industries* 2.000 New Creative industries Materials Personalised 1.500 Medicine* Management & Business Source: Eurostat (2009) services 1.000 Finance* * The figures significantly underestimate the sizes of these industries due to partial data availability 500 5 10 15 20 25 30 35 Employment (millions)What are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 14
  15. 15. Spatial distribution of activitiesMaritimeEmployment (2010) Number of employees (2010) in the maritime key emerging industry < 2,500 15,000...20,000 2,500...5,000 20,000...30,000 5,000...7,500 30,000...40,000 7,500...10,000 40,000...50,000 10,000...15,000 > 50,000Figures aggregated at the NUTS 2 levelfrom firm-level employment dataData source: Amadeus - A database ofcomparable financial information forpublic and private companies acrossEurope containing comprehensiveinformation on 19 million companiesWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 15
  16. 16. Spatial distribution of activitiesMaritimeChange in employment2006-2010 Change in employment (2006-10) in the maritime key emerging industry < - 5,000 1,000...2,500 -5,000...-2,500 2,500...5,000 -2,500...-1,000 5,000...10,000 -1,000...0 10,000...15,000 0...1,000 > 15,000Figures aggregated at the NUTS 2 levelfrom firm-level employment dataData source: Amadeus - A database ofcomparable financial information forpublic and private companies acrossEurope containing comprehensiveinformation on 19 million companiesWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 16
  17. 17. Spatial distribution of activitiesNew materialsTurnover (2010) Turnover in million EUR (2010) in the new materials key emerging industry < 250 2,500...5,000 250...500 5,000...7,500 500...750 7,500...10,000 750...1,000 10,000...20,000 1,000...2,500 > 20,000Figures aggregated at the NUTS 2 levelfrom firm-level turnover dataData source: Amadeus - A database ofcomparable financial information forpublic and private companies acrossEurope containing comprehensiveinformation on 19 million companiesWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 17
  18. 18. Spatial distribution of activitiesNew materialsChange in turnover2006-2010 Change in turnover (2006-10) in million EUR in the new materials key emerging industry < - 2,000 0...250 -2,000...-1,000 250...500 -1,000...-500 500...1,000 -500...-250 1,000...2,000 -250...0 > 2,000Figures aggregated at the NUTS 2 levelfrom firm-level turnover dataData source: Amadeus - A database ofcomparable financial information forpublic and private companies acrossEurope containing comprehensiveinformation on 19 million companiesWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 18
  19. 19. Final remarksRelevance and significance• Service innovation is key for the growth of these emerging industries• Acquisitions from and between existing industries provide early signals of a new emerging industry• Emerging industries represent a sizeable part of the economy and impact significantly on regional competitiveness and long- term industrial development• Policy and regulatory frameworks need to be frequently reviewed and adapted to encourage and accelerate the growth of emerging industries Key Emerging IndustriesWhat are today’s mega-trends in industrial transformation and how to spot them 19 April 2012PwC 19
  20. 20. Thank you for your attention! This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PricewaterhouseCoopers S.à r.l., its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. © 2012 PricewaterhouseCoopers S.à r.l.. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers S.à r.l. Luxembourg which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.
  21. 21. Contact details Laurent Probst laurent.probst@lu.pwc.com Partner PwC Erica Monfardini erica.monfardini@lu.pwc.com Director PwC Laurent Frideres laurent.frideres@lu.pwc.com© 2012 PricewaterhouseCoopers S.à r.l.. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers S.à r.l. Luxembourg which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.

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