Profile & highlights Creating value At a glance Acting Chairman's remarks Chief Executive's review Review of operations Finance Director's review Board of directors Report of the directors Directors' remuneration Financial statements & notes Shareholders' information Downloads    © Rolls-Royce Group plc 2004    Legal information
		Rolls-Royce is a strong Group with revenues evenly balanced between original equipment sales and high value-added aftermarket services. – Address four global markets. – Invest in technology, capability and infrastructure. – Develop a competitive portfolio of products and services. – Grow market share and installed product base. – Capture substantial aftermarket opportunities. Turnover Overview Rolls-Royce is a global Group with offices, service centres or manufacturing bases in 48 countries. The Group invests in technology and capabilities that can be exploited in each of its market sectors: civil aerospace, defence aerospace, marine and energy. 2003 Highlights – Robust business model demonstrated. – Profit and cash in line with guidance. – Aftermarket revenues increased. – Cost base reduced. – Strong order book maintained. – Pension changes agreed with workforce. Turnover Overview Over 30 civil aircraft types are powered by Rolls-Royce. The Group’s successful civil aerospace business is based on a broad portfolio of engines for international airlines, regional airline customers and corporate operators. 2003 Highlights – Trent 500 entered service on the ultra-long-range Airbus A340-500. Emirates ordered an additional 20 A340-500/600 aircraft. The Trent 500 is the only engine offered on this new generation of A340 aircraft. – aeromanager.com, our e-business service provider, now has 268 customers. – The Trent 900 for the Airbus A380 made good progress in development testing. – JetBlue ordered V2500 engines for up to 115 more Airbus A320s – the largest single order in the history of the engine. – Corporate and regional jet milestones – the 1,000th BR700 series engine was delivered; we accumulated a million flying hours for the BR715 on the Boeing 717; and the AE 3007 engine passed the ten million flying hours mark. Turnover Overview Rolls-Royce is the world’s second largest defence aero engine supplier, accounting for 25 per cent of the global installed engine base. The Group supplies all the major aircraft sectors: transport, combat, trainer, tactical and helicopters. 2003 Highlights – Joint Strike Fighter projects meeting cost targets, on schedule and beating weight goal. – Austria became first confirmed export customer for EJ200 engine. – Landmark orders announced for Adour-powered Hawk from the UK and India. – Consolidated our position as transport market leader through participation in the TP400 for the Airbus A400M. – The AE 3007 for Global Hawk progressed to Low Rate Initial Production. – Japan Defense Agency selected the RTM 322 to power its new EH101 helicopters. Turnover Overview More than 2,000 commercial marine customers and over 50 navies use Rolls-Royce marine systems and products. The Group is a global leader in marine propulsion, engineering and hydrodynamics, with a broad product range and a full systems-integration capability. 2003 Highlights – MT30 selected for DD(X) demonstrator and UK Future Carrier. – WR-21 gas turbine deliveries for Type 45 destroyer programme on schedule following successful factory acceptance tests. – Queen Mary 2 now in service with Rolls-Royce equipment. – Continued growth strategy in marine electrical systems with acquisition of VT Controls. – The Group’s UT-Design has received orders for offshore services vessels that now exceed 450 units. Turnover Overview Rolls-Royce is a world leader in the onshore and offshore oil and gas industry and a growing presence in electrical power generation. The Group has supplied more than 5,000 units to customers in 120 countries. 2003 Highlights – Return to profitability. – Record order intake. – New business won in emerging oil and gas markets such as China, Qatar, offshore West Africa and offshore Brazil. – Long-Term Service Agreement business growth. – Released enhanced performance Dry Low Emissions (DLE) system for industrial Trent gas turbine.