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Investor Presentaiton

Ship yard landscape in China According to OECD, in the past state run groups owned 3/5 of China's total shipbuilding capacity. Now the landscape is more diverse, and local privately owned companies account for the biggest share Number of yards 2011 Contracting, DWT Order book, DWT 4% 5% 3% 8% 22% 1% 60% 69% 88% Source: Clarkson Research Services 5 © Wärtsilä CSIC CSSC JV ■Local 15% 3% 22% WÄRTSILÄ
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