Safilo Group S.p.a. · MIL:SFL
Safilo — Investor Presentation (December 2019)
6 slides from Safilo's investor presentation, Dec 11, 2019
Slide 1: Group Business Plan 2020-2024
GROUP BUSINESS PLAN 2020-2024 December 11, 2019
Slide 2: Disclaimer
DISCLAIMER This presentation may contain forward looking statements based on current expectations and projects of the Group in relation to future events. Due to their specific nature, these statements are subject to inherent risks and uncertainties, as they depend on certain circumstances and facts,
Slide 3: Today Agenda
TODAY AGENDA An Attractive Eyewear Industry Safilo 2018-2019 Achievements OUR ROADMAP TO 2024 Financial Targets 15
Slide 4: Our Roadmap to 2024
OUR ROADMAP TO 2024 for a modern and successful customer-centric and consumer-oriented business model MARGINS EXPANSION NEW INDUSTRIAL PLAN & ONGOING COSTS OPTIMIZATION TO ENABLE ECONOMIC & FINANCIAL SOLIDITY AND ONGOING RECOVERY OF HIGHER MARGINS • Industrial footprint • Cost Productivity plan 30
Slide 5: Our Roadmap to 2024: New Industrial Plan
OUR ROADMAP TO 2024 MARGINS NEW INDUSTRIAL PLAN EXPANSION TO ENABLE GROUP ECONOMIC AND FINANCIAL SOLIDITY REALIGN INDUSTRIAL FOOTPRINT TO THE NEW PRODUCTION SCENARIO SAFILO WILL BE FACING Italian production volumes will approximately halve over the next 2 years due to the exit of LVMH licenses KEY A
Slide 6: Overheads: Ongoing Costs Optimization
OUR ROADMAP TO 2024 MARGINS ONGOING COSTS OPTIMIZATION EXPANSION TO CONTINUE RECOVERING HIGHER MARGINS CONTINUE COST PRODUCTIVITY PLAN TO INCREASE COGS AND OPEX EFFICIENCIES KEY INITIATIVES SAVING TARGETS (2020-2024 in Euro million) • Rationalization of suppliers/new sourcing geographies • Simplific