Ford Mtr Co Del · NYSE:F
Ford Mtr Co Del — Ford Motor — Corporate Update (September 2004)
9 slides from Ford Mtr Co Del's corporate update, Sep 17, 2004
Slide 1: Business Update Conference Call September 17, 2004
Business Update Conference Call September 17, 2004
Slide 2: Jaguar's Recent History
Jaguar's Recent History Strategy since 1997 based on significant growth Increase in the number of model offerings, from 2 to 4 Major facilities and infrastructure expansion to support the growth Significant investment in new aluminum technology Expansion of global distribution network Volume has gro
Slide 3: Jaguar's Present Business Situation
Over the past 2 years, focus on key priorities: Strengthened internal discipline Improved quality and customer satisfaction Reduced costs External environment has deteriorated Growth in diesel demand in Europe and sales of luxury SUVs in the U.S. Unprecedented incentives, particularly in the U.S. We
Slide 4: Jaguar Improvement Plan
Business model based on: Distinctive products Strong brand and distribution Capacity and cost structure appropriately sized for business Management team has been strengthened Specific plans targeted at short-term improvements Cost and capacity actions Product, marketing and distribution actions Ford
Slide 5: Jaguar Improvement Plan: Cost and Capacity Actions
Jaguar West Midlands Manufacturing Consolidation Close Browns Lane assembly operations in 2nd Half 2005 Relocate XJ assembly to Castle Bromwich in mid-2005 Launch XK replacement in Castle Bromwich Net reduction of 400 positions Other Structural Efficiencies Eliminate 750 salaried and agency position
Slide 6: Jaguar Improvement Plan: Product, Marketing & Distribution Actions
Upcoming product actions build on recent introductions X-Type Estate (wagon) introduction in U.S. market Premium diesel in XJ Performance diesel in X-Type All-new, all-aluminum replacement for XK Improve brand positioning Reduce dealer inventories (2004 production cut by 15,000 units) Reduce fleet s
Slide 7: P.A.G. Outlook for Balance of 2004
Sequential improvement in Third Quarter results compared with the Second Quarter* Fourth Quarter results should approach breakeven including the production cuts* Estimated pre-tax charges of about $450 million related to personnel reductions and Formula One decision P.A.G. Outlook for Balance of 200
Slide 8: Corporate Outlook for Balance of 2004
Corporate Outlook for Balance of 2004 Change + $0.10 + $0.10 Updated Guidance $0.10 - $0.15 $1.90 - $2.00 * Excluding special items and discontinued operations, which are projected to reduce earnings by about $0.25 per share for full-year 2004 Earnings Per Share * Q3 2004 FY 2004
Slide 9: Safe Harbor
Safe Harbor Greater price competition resulting from currency fluctuations, industry overcapacity or other factors; A significant decline in industry sales, particularly in the U.S. or Europe, resulting from slowing economic growth, geo-political events or other factors; Lower-than-anticipated marke