Safran Sa · EURONEXT:SAF
Safran Sa — Investor Day (November 2018)
20 slides from Safran Sa's investor day presentation, Nov 29, 2018
Slide 1: Zodiac Integration and Aircraft Interiors Recovery
C2 - Restricted ZODIAC INTEGRATION AND AIRCRAFT INTERIORS RECOVERY Hélène MOREAU-LEROY, Zodiac Aerospace Integration Vincent MASCRÉ, Zodiac Aerospace CEO & Zodiac Aerospace Seats CEO Norman JORDAN, Zodiac Aerospace Cabin CEO 86 Safran - Capital Markets Day 2018 / November 29, 2018 This document and
Slide 2: Zodiac Aerospace Integration
C2 - Restricted 1 ZODIAC AEROSPACE INTEGRATION Hélène MOREAU-LEROY, Zodiac Aerospace Integration 87 Safran - Capital Markets Day 2018 / November 29, 2018 This document and the information therein are the property of Safran. They must not be copied or communicated to a third party without the prior w
Slide 3: 3 priority levers of integration and value creation
C2 - Restricted 3 priority levers of integration and value creation 2018 Reducing overheads and streamlining organizations to improve INTEGRATION PROJECT ORGANIZATION IN PLACE AND DELIVERING operational responsiveness Roadmaps defined Implementing Group in all workstreams SYNERGIES FUNCTIONAL oper
Slide 4: Organization: streamlining
C2 - Restricted Organization: streamlining 2018 Fully integrate Zodiac Aerospace into Safran for a lean governance and efficient operations ● Central corporate functions regrouped – generating €15M synergies year on year 2018 ● Direct representation of Seats, Cabin and Aerosystems on Safran Executiv
Slide 5: Functional convergence and operational performance
C2 - Restricted Functional convergence and operational performance 2018 Central Functional processes, reporting and compliance in place for control functions and cost savings alignment ● Program / project management Safran operational standards being deployed ● Manufacturing Operational ● Supply cha
Slide 6: Operational recovery on-track – case study of Seats France
C2 - Restricted Operational recovery on-track – case study of Seats France Gradually deploying the full scope of integration actions to support on-site operational recovery 2018 General context of site support Focus on manufacturing workshop #1 Safran takeover (Feb-18) Operational Issue addressed Re
Slide 7: Synergies
C2 - Restricted Synergies 2018 Initial plan confirmed Synergies ● Annual €200M pre-tax run rate cost synergies will be fully delivered by 2022 250 Additional objective ● Strong monitoring in place and clear ownership across Safran 200 by year 5 ● One-off synergies implementation costs in line with p
Slide 8: Investing to strengthen Zodiac Aerospace
C2 - Restricted Investing to strengthen Zodiac Aerospace 2018 Focusing on core areas to ensure strong pillars of future growth: ● Overall information systems upgrades with dedicated projects IT/IS ● Investments > To upgrade factory standards Production > To meet Safran security standards (including
Slide 9: Aircraft Interiors
C2 - Restricted 2 AIRCRAFT INTERIORS Vincent MASCRÉ, Zodiac Aerospace CEO & Zodiac Aerospace Seats CEO Norman JORDAN, Zodiac Aerospace Cabin CEO 94 Safran - Capital Markets Day 2018 / November 29, 2018 This document and the information therein are the property of Safran. They must not be copied or c
Slide 10: Aircraft Interiors: a broad portfolio of integrated solutions and equipment
C2 - Restricted Aircraft Interiors: a broad portfolio of integrated solutions and equipment 2018 OVERHEAD LAVATORIES GALLEYS BINS & CABIN & CATERING LININGS EQUIPMENT (Ovens, Coffee Makers, Trolleys etc.) SEATS INFLIGHT VIP CABIN (& crew seats) ENTERTAINMENT Ensure safety and comfort (even wellnes
Slide 11: A world leader in Aircraft Interiors
C2 - Restricted A world leader in Aircraft Interiors 2018 #1 in Galleys #2 in Seats Largest and easiest In-house composite and Trolleys closing ECOS bins manufacturer World’s first to certify reinforced cockpit door Breakthrough Innovative space-saving in seat-centric IFE: galley and lavatory RAVE s
Slide 12: Aircraft Interiors are attractive for Safran
C2 - Restricted Aircraft Interiors are attractive for Safran 2018 $12.8 Billion in 2018 worldwide market (1) Growing market: 2018-2022 forecasted CAGR: +3.2% CABIN, +4.6% SEATS, +7% IFE (1) Regular business opportunities mitigating cyclicality of aircraft projects: ● Short product life cycles (Devel
Slide 13: Aircraft Interiors industry is changing
C2 - Restricted Aircraft Interiors industry is changing 2018 Industry changes Safran’s know-how ● Design ● Innovation on architecture and technology ● Customization and product segmentation Airlines ● Bespoke solutions offers for “leaders” ● Modular products lines ● Connected cabin ● Equipment life
Slide 14: Innovation & design, to thrive together with our airline customers
C2 - Restricted Innovation & design, to thrive together with our airline customers 2018 Passenger experience goes beyond pure functional experience to propose an emotional experience 200 employees working on ● Advanced concepts ● Style & Perceived quality ● Research & Technology ● More than 1,200 pa
Slide 15: Seats: Today
C2 - Restricted Seats: Today 2018 Products & Market Footprint & Processes ● N°2 worldwide with 30% market share ● 3 product-oriented Business Units + 3 centers of excellence for key sub-assemblies (France, UK, USA) ● Return to offerability ● 2 competitive factories for metallic & composite component
Slide 16: Seats: Our ambition
C2 - Restricted Seats: Our ambition 2018 Products & Market Footprint & Processes ● Re-conquer customer base on all segments after ● Set-up robust design and supply chain processes non-offerability period: to restore excellence in execution: > Back to 35% market share > On-time delivery 100% ● Offer
Slide 17: Cabin: Today
C2 - Restricted Cabin: Today 2018 Products & Market Footprint & Processes ● N°1 worldwide with 22% market share(1), followed ● Composed of 8 acquisitions made between 2005-2014 closely by Rockwell-Collins and Diehl Aerosystems ● 30 sites and 13,900 employees ● Customer base split 50/50 between OEMs
Slide 18: Cabin: Our ambition
C2 - Restricted Cabin: Our ambition 2018 Products & Market Footprint & Processes ● Enhance N°1 market position ● Full deployment of Lean Sigma “One Safran” ● Regain the trust of our customers by improving ● Product centers of excellence oriented around 4 our operational performance, both quality and
Slide 19: In-Flight Entertainment
C2 - Restricted In-Flight Entertainment 2018 Today Our ambition Market products: ● Double sales in 5 years, driven by technology lead ● N° 3 worldwide (5% market share) ● From IFE platform, expand to Global connectivity business ● RAVE product technology leader > Fully seat-centric, thin, light, hig
Slide 20: Our vision for Safran Interiors: customized global excellence
C2 - Restricted Our vision for Safran Interiors: customized global excellence 2018 Restore full confidence from our customers through: ● Quality & performance of our products and services > Innovate through technology and architecture, while leveraging our « well designed and passenger friendly » pr