Safran Sa · EURONEXT:SAF
Safran Sa — Kepler Cheuvreux Virtual Autumn Conference 2020
12 slides from Safran Sa's conference presentation, Sep 9, 2020
Slide 1: Safran – Kepler Cheuvreux Virtual Autumn Conference
C2 - Restricted SAFRAN SEPTEMBER 2020 KEPLER CHEUVREUX VIRTUAL AUTUMN CONFERENCE Bernard DELPIT – Group CFO 1 Virtual Kepler Cheuvreux Autumn Conference / September 9, 2020 This document and the information therein are the property of Safran. They must not be copied or communicated to a third party
Slide 2: Disclaimer
C2 - Restricted Disclaimer > FORWARD-LOOKING STATEMENTS This document contains forward-looking statements relating to Safran, which do not refer to historical facts but refer to expectations based on management’s current views and assumptions and involve known and unknown risks and uncertainties tha
Slide 3: Summary
C2 - Restricted SUMMARY 1. SAFRAN RESPONSES TO THE CRISIS 2. ADAPTATION PLAN OBJECTIVES AND H1 2020 ACHIEVEMENTS 3. 2020 OUTLOOK 4. KEY TAKEAWAYS 3 Virtual Kepler Cheuvreux Autumn Conference / September 9, 2020 This document and the information therein are the property of Safran. They must not be co
Slide 4: Context: an unprecedented crisis in an already challenging environment
C2 - Restricted 1. Context : an unprecedented crisis in an already challenging environment Background: > Since 2015, operating margin of the legacy Equipment division improved by at least 100bps per year > Since end of 2018, integration of former Zodiac activities in Safran Group > Continuous ground
Slide 5: Safran responses: resizing workforce, rationalizing industrial footprint and supporting supply chain
C2 - Restricted 1. Safran responses : resizing workforce, rationalizing industrial footprint and supporting supply chain Actions taken are quick and significant > Timely response allows for results to materialize as soon as H1 2020 Resizing the workforce to the needs of the business > Reduction by m
Slide 6: Adaptation plan objectives and H1 2020 achievements
C2 - Restricted 2. Adaptation plan objectives and H1 2020 achievements Adaptation plan objectives H1 2020 achievements > decrease by more than (30)% of raw materials and supplies expenses Scaling purchasing programs in line with the drop in activity > decrease by more than (40)% of sub-contracting e
Slide 7: Resilience in H1 2020 thanks to strong execution
C2 - Restricted 2. Resilience in H1 2020 thanks to strong execution Adjusted revenue(1) Adjusted recurring operating income(1) Free cash flow generation 12,102 1,883 1,177 (23.4)% 901 (27.6)% (49.7)% 8,767 947 (54.4)% (29.0)% org org (€M) (€M) (€M) H1 19 H1 20 H1 19 H1 20 H1 19 H1 20 Adjusted net pr
Slide 8: FY 2020 outlook (disclosed on July 30)
C2 - Restricted 3. FY 2020 outlook (disclosed on July 30) Lot of uncertainties Adjusted revenue to decrease by approximately (35)% at an estimated average spot rate of USD 1.10 to the Euro. Similar variation in organic terms; Recurring operating margin around 10% of sales based on a hedged rate of U
Slide 9: FY 2020 key assumptions
C2 - Restricted 3. FY 2020 key assumptions Implementation of the adaptation plan within the Assumptions within all the divisions whole Group Propulsion: Deployment of HR measures of the adaptation plan: > Decrease in deliveries and return to service of the 737 MAX in Q4 as Same effort in terms of
Slide 10: Key takeaways: quick and proactive approach to adapt Safran
C2 - Restricted 4. Key takeaways: quick and proactive approach to adapt Safran As uncertainties remain, flexibility is key Safran is significantly reducing its costs and lowering its breakeven point to benefit from the recovery when it occurs First impacts from the adaptation plan already in H1 2020
Slide 11: Q&A
C2 - Restricted Q&A 11 Virtual Kepler Cheuvreux Autumn Conference / September 9, 2020 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 written authorization of Safran
Slide 12: 12 Virtual Kepler Cheuvreux Autumn Conference / September 9, 2020
C2 - Restricted 12 Virtual Kepler Cheuvreux Autumn Conference / September 9, 2020 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 written authorization of Safran
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