Amer Sports, Inc. · NYSE:AS
Amer Sports — Investor Day (September 2011)
16 slides from Amer Sports's investor day presentation, Sep 1, 2011
Slide 1: On a Path of Sustainable Profitable Growth
Amer Sports CMD 2011 Agenda • Business update and progress in the five strategic priorities / Heikki Takala • Financial overview / Jussi Siitonen • Marketing and Business to Consumer / Victor Duran • Business Area presentations: Apparel / Andy Towne, Footwear / Jean-Marc Pambet, Cycling / Bernard Mi
Slide 2: Contents: Amer Sports Today
Contents 1 Amer 1. A S t today Sports t d 2. Recap from CMD 2010: Amer Sports strategy 3. Progress update: Five strategic priorities 4 Building 4. B ildi th the ffuture t 5. Summary & conclusions 3 Amer Sports CMD 2011 AMER SPORTS TODAY 2
Slide 3: Amer Sports in brief
Amer Sports in brief 6% 25% Net sales by business (2010) Winter Sports Eq. 6% 4% Racquet Sports • Revenue R EUR ~1.7 1 7 billi billion (2010) 6% 25% Footwear • One of the leading sporting goods and 9% Team Sports outdoor companies in the world Fitness • Strong brand portfolio 12% 13% Apparel • Posit
Slide 4: Recap from CMD 2010: Outlook 2011
Outlook 2011 • Amer Sports’ strategic development programs continue to contribute positively to the Group performance in 2011 and the company will continue to invest into executing the new strategy and sustaining the growth. growth • In Footwear and Apparel, fall/winter pre-orders are indicating tha
Slide 5: Towards big brands, big categories, big countries
Towards big brands, big categories, big countries Amer Sports’ five strategic priorities 1. Clear portfolio roles and synergies, integrated company 2. Grow faster in softgoods 3. Win with consumers 4. Win in go-to-market 5. Operational excellence 9 Amer Sports CMD 2011 Our approach on scale and syne
Slide 6: Long-term financial targets
Long-term financial targets Year end net debt / EBITDA Growth Delivering organic, currency-neutral currency neutral ratio of 3 or less. annual growth of 5%. Capital Dividend and share price Profita- structure performance bility EBIT of at least 10% of net sales Annual free cash flow equal to net pro
Slide 7: Progress update: Five strategic priorities
PROGRESS UPDATE: FIVE STRATEGIC PRIORITIES 1. Clear portfolio roles and synergies, integrated company Every part of the Group has a clear role, targets & action plan Business area Objective Actions Footwear Further accelerate growth Expand commercial footprint, enter new segments and categories, cat
Slide 8: Footwear and Apparel
1. Clear portfolio roles and synergies, integrated company Footwear O Objective • Further accelerate growth Status • Category set-up in place and working • Commercial footprint improving • Strong pipeline of future products and brand/category expansions • Growth +33% in H1/2011 15 Amer Sports CMD 20
Slide 9: Winter Sports Equipment and Ball Sports
1. Clear portfolio roles and synergies, integrated company Winter Sports Equipment Objective • To sustainable profitability, irrespective of weather conditions Status • Operational improvement proceeding ahead of plan - Positive impact already 2011, full benefits 2013 • Further integration: category
Slide 10: Fitness and Cycling
1. Clear portfolio roles and synergies, integrated company Fitness Objective • Back to profitability Status • Profitability improving according to plan • Targeted growth driven by EMEA +16%, APAC +14%, North American Commercial +12% in H1/2011 • New innovation networked fitness has delivered encoura
Slide 11: Sports Instruments; Strong momentum continues in softgoods
1. Clear portfolio roles and synergies, integrated company Sports Instruments Objective • Improve profitability • Simplify Status • Complexity reduction: focus on outdoor and diving instruments and heart-rate monitoring • Divestments of diving suits and wireless marine instruments • Underlying growt
Slide 12: Becoming a consumer-centric company; Programmed distribution expansion
3. Win with consumers Becoming a consumer- centric company • Group marketing development with defined organization and strengthened capabilities • New consumer-centric product creation process: - Strong pipeline of future innovations - Brand / category expansions in study phase • R i Regional lC Con
Slide 13: Operational excellence; Long-term financial targets status
5. Operational excellence Systematic improvement every day • Clear KPIs across the company: tracking and performance management • Customer service improving - Line-Fill and On-Time - Supply meets demand: orders taken earlier, lead time improvement • Operational efficiency and flexibility in Winter S
Slide 14: Building the future
BUILDING THE FUTURE Building the future Amer Sports • Grow the core businesses - Drive the business organically based on the glidepath - Strong focus on execution • Add more - Drive new categories and brand expansions: Protectives, DeMarini, Atomic • Learn for the future - Expand / enter into new ar
Slide 15: Summary & conclusions
SUMMARY & CONCLUSIONS Summary • We are proceeding according to our plan set in 2010 • We continue executing the glidepath guided by the financial targets • Our focus is on internal improvement and organic growth • We continue to invest into the new structure and capabilities • We monitor opportuniti
Slide 16: Disclaimer
www.amersports.com Disclaimer Statements in this presentation, which are not historical facts, such as expectations, anticipations, beliefs and estimates, are forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such statements involve