Safran Sa · EURONEXT:SAF
Safran Sa — Snecma — Farnborough 2004 press conference
15 slides from Safran Sa's conference presentation, Jul 20, 2004
Slide 1: Press Conference Farnborough 2004
PRESS CONFERENCE Farnborough 2004 July 20, 2004 Farnborough press conference - July 20, 2004 - P. 0
Slide 2: Contents
Contents • Snecma IPO • First-half 2004 sales • Business data • Orders booked • International air traffic • Civil aircraft deliveries • Contracts won during 1st half 2004 • Outlook Farnborough press conference - July 20, 2004 - P. 1
Slide 3: Snecma IPO
Snecma IPO • June 18, 2004: first quotation of Snecma • IPO price per share: EUR 15.70 • Open-price offer substantially oversubscribed: 817,127 purchase orders have been registered • Guaranteed global offer oversubscribed 2.2 times • Employee offer fully subscribed: 57 % of French employees have bec
Slide 4: New share ownership breakdown at noon, June 18, 2004
New share ownership breakdown at noon, June 18, 2004* Treasury shares 1.08 % Employees 3.5 % Private individual shareholders Other 15.75 % French State 62.22% 36.7% Institutional shareholders 15.75 % UTC 1.73% * This share ownership breakdown has changed as from noon, June 18, 2004, in accordance wi
Slide 5: First-half 2004 sales
First-half 2004 sales • 3,274 million compared with 3,028 million in first-half 2003 (+ 8.1%)* • sales by business sector: (before elimination of inter-branch sales) Equipment Propulsion 37.5% 62.5% (+ 6.4% / 1st half 2003) (+ 9.6% / 1st half 2003) * + 7.3% at constant size and exchange rates Farnbo
Slide 6: First-half 2004 business data
First-half 2004 business data • Engine deliveries 387 CFM56 (compared with 347 in first-half 2003, and 702 for the year 2003) 281 helicopter engines (compared with 342 in first-half 2003 and 672 for the year 2003) • CFM engine repairs (Snecma Services) 117 (compared with 98 in first-half 2003 and 20
Slide 7: Orders booked in first-half 2004
Orders booked in first-half 2004* Comparison with first-half and second-half 2003 billion 3.04 3,0 2.36 2.31 2,5 2,0 1,5 1,0 0,5 0,0 1st half 2003 2nd half 2003 1st half 2004 * including spare parts, and excluding services business Farnborough press conference - July 20, 2004 - P. 6
Slide 8: International air traffic
International air traffic Traffic growth: May 2000 - May 2004 In May 2004, the passenger traffic on international routes was up by 5.4% as compared to May 2000 Traffic growth: May 2003 – May 2004 In May 2004, the passenger traffic on international routes was up by 38.1% as compared to May 2003: » up
Slide 9: Civil aircraft deliveries
Civil aircraft deliveries 2004 expected aircraft deliveries Boeing* 285 Airbus* * 305+ – As of June 30, 2004, Boeing has delivered 151 commercial aircraft, 105 of which are 737 NG ( *Sources: Boeing) – As of July 6, 2004, Airbus has delivered 161 aircraft. 117 are from the A320 family, 71 of which b
Slide 10: Contracts won during 1st half 2004: CFM56 engine
Contracts won during 1st half 2004 The CFM56 engine of Snecma and General Electric reinforces its position – Virgin America: CFM56-5B engines ordered in June to power up to 105 new Airbus A320 family aircraft; – Gol Transportes Aereos: CFM56-7 engines firm order announced in May to power 15 new Boei
Slide 11: Contracts won: Snecma engines selected by US Armed Forces
Contracts won during 1st half 2004 Snecma engines selected by US Armed Forces – US Navy: Boeing 737 MMA (Multi-mission Maritime Aircraft) powered by CFM56-7 engines, selected in June as future US maritime patrol aircraft. The US Navy plans to acquire 108 aircraft to be delivered over a period of ten
Slide 12: Contracts won: major equipment contracts
Contracts won during 1st half 2004 Snecma has won major equipment contracts – EADS-Airbus Military: Messier-Dowty selected in February to design and provide the integrated landing gear system for the A400M European military transport aircraft. – Boeing: Messier-Dowty selected in March to design and
Slide 13: Contracts won: long-term maintenance contracts
Contracts won during 1st half 2004 Snecma has won long-term maintenance contracts – LTU: Snecma Services and LTU (Lufttransport-Unternehmen GmbH) signed in April a 10-year exclusive contract for the maintenance services of LTU’s CFM56-5B engines powering its A320 and A321 fleet of 15 aircraft. – Aeg
Slide 14: Outlook
Outlook • Confirmation of 2004 objectives: – Sales stable, – EBIT stable, – Increase in net income. • Snecma is ready to meet the expected increase in Airbus and Boeing production plans Farnborough press conference - July 20, 2004 - P. 13
Slide 15: Press Conference Farnborough 2004
PRESS CONFERENCE Farnborough 2004 July 20, 2004 Farnborough press conference - July 20, 2004 - P. 14