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Praxair’s Perspective on Growth and Innovation

Praxair’s Perspective on Growth and Innovation. Dante P. Bonaquist Senior Corporate Fellow Praxair, Inc. May 7, 2013. Praxair. Fortune 300 company, 26,000 employees Largest industrial gases company in North and South America, and 3 rd largest worldwide

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Praxair’s Perspective on Growth and Innovation

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  1. Praxair’s Perspective on Growth and Innovation Dante P. Bonaquist Senior Corporate Fellow Praxair, Inc. May 7, 2013

  2. Praxair • Fortune 300 company, 26,000 employees • Largest industrial gases company in North and South America, and 3rd largest worldwide • 30 countries, over 1 million customers • 2012 sales of $12 billion, $34 billion market cap. • Sterling reputation – safety, environmental stewardship, sustainability, corporate governance, value creation • Products • Atmospheric gases (oxygen, nitrogen and argon). • Process gases (hydrogen, carbon dioxide, helium, carbon monoxide) • Semiconductor gases and materials • Specialty and welding gases • High-performance surface coatings • Named to Forbes 50 Most Innovative Companies List (2011) Learn more at www.praxair.com

  3. Global Drivers – The 3 “E”s Energy Emerging Economies Environment

  4. World Energy Consumption • Growth in non-OECD countries • Oil, gas and coal remain dominant • Renewables emerging as significant Source: BP Energy Outlook 2030

  5. Emerging Economies – BRIC • Brazil, Russia, India and China • Huge new markets for products and services • Increased competition but US is well positioned "Where else would you rather be than right here, right now?" Marv Levy

  6. Environment – Sustainable Development • Intersection of growing demand for energy with environmental stewardship • How to extract, process and use energy resources responsibly • Energy efficiency– overall US efficiency at 36% • Access to clean water • Not available to 1/6 of world’s population • National Academy of Engineering Grand Challenge • Waste management • Minimization • Reuse • Environmentally responsible treatment and disposal

  7. Traditional vs. Open Innovation Traditional: “The lab is our world” • All smart people work for us • Create the most and best ideas to win • Invent, develop and market yourself • Utilize only existing business models • Control your IP to defend positions Open: “The world is our lab” • Most smart people do not work for us • Use internal and external ideas to win • Leverage the competencies of others • Choose the best business model • Combine your IP with that of others to maximize value

  8. Small Entity/Large Firm Relationship Small Entity Large Firm • Agile • Focused • Deep understanding of opportunity • Resources • Discipline • Channel to market and synergies

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