Safran SA · EURONEXT:SAF
Safran SA — Societe Generale Premium Review 2011
11 slides from Safran SA's conference presentation, Dec 1, 2011
Slide 1: Societe Generale Premium Review
SOCIETE GENERALE PREMIUM REVIEW Jean-Paul Herteman - Chairman & CEO / December 1, 2011 / 0 / Q3 REVENUE 2011 / OCTOBER 21, 2011 / Ce document et les informations qu’il contient sont la propriété de Safran. Ils ne doivent pas être copiés ni communiqués à un tiers sans l’autorisation préalable et écri
Slide 2: A tier-1 leader in Aerospace, Defence & Security
A tier-1 leader in Aerospace, Defence & Security è FY 2010 key adjusted figures Aerospace Aircraft Propulsion Equipment 52% 26% è Revenue €10,760M è Recurring op. income €878M (8.2% of revenue) è Net income - Group share €508M (€1.27/share) Defence 12% è Free Cash Flow €934M Security è Net cash posi
Slide 3: 5 key themes
/ 5 key themes / Civil aftermarket and LEAP introduction Productivity improvements in Equipment Growth in Security Equity structure Outlook 2 / SG PREMIUM REVIEW / DECEMBER 1, 2011 / Ce document et les informations qu’il contient sont la propriété de Safran. Ils ne doivent pas être copiés ni communi
Slide 4: Creating value from CFM56
Creating value from CFM56 Number of CFM engines 2020 : 30,000 engines / 1,000 million flight hours 35 000 30 000 CFM56 spare parts revenue potentially to double (Number of CFM engines) by 2020 25 000 20 000 2010 : 20,000 engines / 500 million flight hours 15 000 10 000 5 000 0 82 84 86 88 90 92 94 9
Slide 5: Catch up in short / medium term is inevitable
Catch up in short / medium term is inevitable (Number of engine) 350 20 000 300 250 15 0 0 0 200 CFM56 spares revenue) 10 0 0 0 15 0 (Change in global 10 0 5 000 50 0 0 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 CFM engines Global spare parts revenue (i
Slide 6: CFMI LEAP renews CFM56 unique leadership story
CFMI LEAP renews CFM56 unique leadership story Exclusive supplier Boeing 737 MAX è 2,400 aircraft ordered to date Dual source (engines selected on 1,800 aircraft to date) è CFM LEAP 77% market share to date (~ 2,700 engines) Airbus A320neo è Addressable OE market over 10-15 years ≥ 7,000 aircraft (a
Slide 7: Maturing equipment business
Maturing equipment business è Grow services (carbon brakes, landing systems, nacelles) as fleet usage continues to pick-up and as installed base continues to grow è Nacelles to provide positive contribution in 2011 Electric Green Taxiing System è Anticipating some recovery in business and regional j
Slide 8: A global, world-class high-tech Security business
A global, world-class high-tech Security business Biometric ID e-Documents Detection N°. 1 worldwide in Over 600 million cards N°. 1 worldwide in Explosive Automated Fingerprint produced every year Detection Systems (EDS) Identification Systems Passports, ID cards, driving for Hold Baggage licenses
Slide 9: Equity shareholding
Equity shareholding As of Dec. 31, 2010 As of Oct. 31, 2011 Public French State Public French State 47.6% 30.2% 50.5% 30.2% Areva Areva 2.0% 1.4% Treasury Treasury shares Employees shares Employees 4.2% 16.0% 1.8% 16.1% Safran entered the CAC40 index on Sept. 19 8 / SG PREMIUM REVIEW / DECEMBER 1, 2
Slide 10: 2011 outlook is confirmed
2011 outlook is confirmed Revenue è Increase in the mid to high single digits Recurring operating è Progression should be comfortably in the upper twenties income Free cash flow è About a third of the recurring operating income 9 / SG PREMIUM REVIEW / DECEMBER 1, 2011 / Ce document et les informatio
Slide 11: 10 / SG PREMIUM REVIEW / DECEMBER 1, 2011 /
10 / SG PREMIUM REVIEW / DECEMBER 1, 2011 / Ce document et les informations qu’il contient sont la propriété de Safran. Ils ne doivent pas être copiés ni communiqués à un tiers sans l’autorisation préalable et écrite de Safran.