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Agenda Page Bank am Bellevue Investor Meeting January 17 2015 January 17 2015 2 Bank am Bellevue This document contains forward looking statements These statements may include terms such as x2 ID: 348676

Agenda Page Bank Bellevue Investor Meeting January 17 2015 January

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Agenda Page Presentation3 Bank am Bellevue Investor Meeting January 17, 2015 January 17, 2015 2 Bank am Bellevue This document contains forward - looking statements . These statements may include terms such as ”may”, ”will”, ”expect”, ”could”, ”should”, ”intend”, ”estimate”, ”anticipate”, ”believe”, ”remain”, ”on track”, ”design”, ”target”, ”objective”, ”goal”, ”forecast”, ”projection”, ”outlook”, ”prospects”, ”plan”, ”intend”, or similar terms . Forward - looking statements are not guarantees of future performance . Rather, they are based on the Group’s current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties . They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them . Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including : the Group’s ability to reach certain minimum vehicle sales volumes ; developments in global financial markets and general economic and other conditions ; changes in demand for automotive products, which is highly cyclical ; the Group’s ability to enrich the product portfolio and offer innovative products ; the high level of competition in the automotive industry ; the Group’s ability to expand certain of the Group’s brands internationally ; changes in the Group’s credit ratings ; the Group’s ability to realize anticipated benefits from any acquisitions, joint venture arrangements and other strategic alliances ; the Group’s ability to integrate its operations ; potential shortfalls in the Group’s defined benefit pension plans ; the Group’s ability to provide or arrange for adequate access to financing for the Group’s dealers and retail customers ; the Group’s ability to access funding to execute the Group’s business plan and improve the Group’s business, financial condition and results of operations ; various types of claims, lawsuits and other contingent obligations against the Group ; material operating expenditures in relation to compliance with environmental, health and safety regulation ; developments in labor and industrial relations and developments in applicable labor laws ; increases in costs, disruptions of supply or shortages of raw materials ; exchange rate fluctuations, interest rate changes, credit risk and other market risks ; political and civil unrest ; earthquakes or other natural disasters and other risks and uncertainties . Any forward - looking statements contained in this document speak only as of the date of this document and the Company does not undertake any obligation to update or revise publicly forward - looking statements . Further information concerning the Group and its businesses, including factors that could materially affect the Company’s financial results, is included in the Company’s reports and filings with the U . S . Securities and Exchange Commission, the AFM and CONSOB . Safe Harbor Statement January 17, 2015 3 Bank am Bellevue FCA financial snapshot 1 Includes acquisition of Chrysler equity in January 2014 ( € 2.7B) and adjustment for retrospective application of IFRS 11 ( € 0.4B) NAFTA 53% LATAM 11 % EMEA 19 % APAC 5 % Components 6% Luxury 4 % Other 1 % FY 2013 Net Revenues € 86.6B NAFTA 76% LATAM 16% APAC 11% Components 5% Luxury 16% FY 2013 EBIT € 3.0B Memo: EMEA (17)% Other (7)% Note: Numbers may not add due to rounding FY 2013 Q3 YTD 2014 Shipments 4.4M 3.4M Net Revenues € 86.6B € 69.0B EBIT € 3.0B € 2.2B Net industrial debt € 9.7B 1 € 11.4B Total liquidity € 22.7B € 21.7B January 17, 2015 4 Bank am Bellevue 2014 was a momentous year Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Chrysler Acquisition (January 1) Fiat S.p.A. reaches agreement with VEBA to acquire remaining stake in Chrysler Group Shareholder Approval of Merger (August 1) Merger plan approved during Fiat S.p.A shareholders’ meeting Merger Effective and Dual - Listing ( October 12 - 13) • Merger of Fiat S.p.A with and into Fiat Investment N.V. becomes effective October 12 • Surviving entity renamed Fiat Chrysler Automobiles N.V . (FCA) • October 13, FCA listed for trading on New York Stock exchange (NYSE) Cor porate Reorganization Approval (January 29) Fiat’s BoD approves corporate reorganization of ” FCA ” as a Dutch - incorporated, British - domiciled LLC with principal executive offices in the UK 5 - Year Business Plan (May 6) Combined company presents detailed business plan including product plans and financial targets for 2014 - 2018 U.S. Capital Markets Transactions (December 16) • Raised $4 billion • 100 million shares of common stock issued on NYSE • $2.875 billion of mandatory convertible securities issued Announced Planned Transactions (October 29) • Issue common shares • Issue mandatory convertible security • Separate Ferrari through an IPO and subsequent spin - off January 17, 2015 5 Bank am Bellevue FCA 2014 – 2018 business plan Continued volume growth  Leverage Jeep's global appeal with increased segment coverage and geographic expansion  Portfolio expansion into white space opportunities – including rebirth of Alfa Romeo  Clear focus on APAC through Jeep, Alfa Romeo and Chrysler brands  Targeted sales of ~7M units (including JVs) in 2018, up from 4.4M units in 2013 Margin expansion  Continue to grow Maserati and launch Alfa Romeo brand worldwide  Localize Jeep production in all regions  Repurpose Italian manufacturing footprint to luxury and premium vehicles  Architecture reduction & parts commonization January 17, 2015 6 Bank am Bellevue Broad - based brand portfolio Mass - market Premium SUVs Premium Luxury High performance luxury cars Luxury sports vehicles Sedans & minivans Trucks & LCVs Performance 500 family & economy LCVs January 17, 2015 7 Bank am Bellevue Industry outlook is positive Units (M) Source: IHS (2014 - 2018) 13.1 14.8 15.9 16.7 17.0 17.3 17.6 17.4 15.6 17.5 18.7 19.7 20.0 20.4 20.6 20.5 2011 2012 2013 2014E 2015E 2016E 2017E 2018E U.S. NAFTA NAFTA & U.S. (passenger cars, SUV, pickup trucks, LCVs and heavy trucks) LATAM & Brazil (passenger cars & LCVs) APAC & China (passenger cars & LCVs) 17.6 18.6 20.6 23.3 24.9 26.7 28.1 28.8 30.4 33.5 35.3 38.2 40.3 42.5 44.5 45.8 2011 2012 2013 2014E 2015E 2016E 2017E 2018E China APAC 3.4 3.6 3.6 3.2 3.3 3.3 3.5 3.6 5.6 5.9 5.9 5.2 5.1 5.3 5.5 5.7 2011 2012 2013 2014E 2015E 2016E 2017E 2018E Brazil LATAM EMEA & EU28+EFTA (passenger cars & LCVs) 15.3 14.0 13.8 14.5 14.9 15.3 15.6 16.0 22.0 21.3 21.1 21.3 21.7 22.4 23.4 24.4 2011 2012 2013 2014E 2015E 2016E 2017E 2018E EU28+EFTA EMEA CAGR 2013 - 18: 1.9% CAGR 2013 - 18: 1.8% CAGR 2013 - 18 : 0% CAGR 2013 - 18: (0.7)% CAGR 2013 - 18: 5.3% CAGR 2013 - 18: 6.9% CAGR 2013 - 18: 2.9% CAGR 2013 - 18: 3.0% January 17, 2015 8 Bank am Bellevue Global growth drivers by region  2013 volume: 0.9M; 2018 target: 1.3M  Market leader with extensive local production and distribution (21.7% share in Brazil for 2014 Sept YTD)  Significant cost advantages with flexible production sites (Pernambuco upside)  Localize Jeep production  Expand product offering to larger vehicles while maintaining leadership in small vehicle segments  2013 volume: 2.1M; 2018 target: 3.1M  Fastest growing OEM since 2009, 3.5 ppt share growth in the U.S. since 2009 1  Chrysler and Dodge overlap eliminated  Launch Alfa Romeo following Maserati’s strong start  Well - positioned to take advantage of strong growth in SUVs and pickups  New entries in high volume passenger car segments  Renewal of segment leading minivan in 2016  2013 volume: 0.2M; 2018 target: 1.1M  Expansion of selected global brands with strong brand equity and pricing power (Jeep, Alfa Romeo)  Localize Jeep manufacturing in growing UV market enabled through JV  Localize production of Chrysler brand in China  Expand distribution network  2013 volume: 1.1M; 2018 target: 1.5M  New Jeep models and Alfa Romeo launch  Expansion into UVs largest - growth small SUV segment, 13% CAGR  Continuing 500 family focus for Fiat brand. . . not chasing share in commodity segments  Industrial base repurpose to support global luxury and premium vehicle strategy NAFTA LATAM EMEA APAC 1 Calculated as 2014 September YTD share vs. FY 2009 Plan is to grow from 4.4M units in 2013 to ~7M units in 2018 January 17, 2015 9 Bank am Bellevue Growth strategy • 2013: 732,000 • 2014: 1, 017,000 • 8 new models and refreshes 2014 - 2018 Sales volume Expanding product and geographic reach • Entry into largest global SUV segments with new products in new regions • Localizing production in APAC (China), LATAM (Brazil) and EMEA (Italy) • From 5 nameplates in 1 country to 6 nameplates in 6 countries Grand Cherokee Patriot Compass Cherokee Wrangler Renegade C - SUV (2016) Grand Wagoneer (2018) January 17, 2015 10 Bank am Bellevue Alfa Romeo’s return to its true DNA Mito Giulietta 4C • Return to legacy of the brand with all new RWD / AWD architecture and powertrains • Expand reach into global high margin premium vehicle segments • Add distribution in NAFTA and APAC • All vehicles and engines industrialized in Italy • Dedicated ”Skunk Works” to develop new products • Production from existing Italian manufacturing capacity Growth strategy 4C Spider • 2013: 74,000 • 2014 Q3 YTD: 52,000 • 9 new models 2014 - 2018 Sales volume Mid - size (2015) Compact (2) Full - size UVs (2) Specialty | --------------------------------- 2016 to 2018 ------------------------------- | • Program development in line with plan – public reveal of first car June 2015 • Development of second vehicle underway, 2016 launch • Dealer network development in - process Update from May 6th Mid - size January 17, 2015 11 Bank am Bellevue Maserati line up expansion will drive growth • 2013: 11,600 • 2014 Q3 YTD: 24,100 • 6 new models and refreshes 2014 - 2018 Sales volume GranCabrio Quattroporte Ghibli GranTurismo Levante (2015) Alfieri Coupe Alfieri Cabrio • Expanding portfolio to key luxury market segments • Ghibli – full size sedan ( 2013) • Levante – luxury SUV (2015) • Increased global volumes leveraging high quality, under - utilized Italian manufacturing capacity Growth strategy January 17, 2015 12 Bank am Bellevue Key product l aunches – Q4 2014 to 2016 Minivan 100 Sedan Minivan PHEV NEW VEHICLE OR RENEWAL OF EXISTING NAMEPLATE MID - CYCLE FRESHENING Dart D - CUV Gr. Cherokee C - SUV ProMaster City Pickup & Chassis Cab Fiorino Mid - size P/U (EMEA) Mid - Size Sedan Alfieri • Renewal of minivan with segment first PHEV • Enter high volume compact sedan segment • New look for heritage products • Reformulate Dart and add new CUV • Add first small SUV from Jeep • Renewal of Compass/Patriot • Expand commercial van portfolio • Refreshed look for truck and CC lineup • Expand into CUV segment & compact P/U segment • Critical renewals of high volume A & B segment vehicles • Renewal of mid - size van product • Add mid - size pickup in EMEA • Beginning of new Alfa Romeo strategy • First vehicle launch is high volume mid - size sedan • Expand portfolio to growing luxury SUV segment • Add performance coupe model Second Vehicle Levante Renegade Challenger B - Segment (EMEA) Compact P/U (LATAM) 500X A - Segment (LATAM) Charger January 17, 2015 13 Bank am Bellevue Vehicle assembly footprint and capacity utilization Capacity utilization based on Harbour definition (units produced / line rate x 16 hours x 235 days) * Number of plants Enablers to Reach 7M Vehicles • Chinese JV volume • Increase Italian plant utilization • Pernambuco launch • Eliminate production bottlenecks / add shifts 2013 Target 2018 �100% �100% Capacity Utilization NAFTA 2013 Target 2018 66% �100% Capacity Utilization EMEA 2013 Target 2018 53% �100% Capacity Utilization APAC 2013 Target 2018 �100% �100% Capacity Utilization LATAM 12* 12 4 5 2 3 11 11 January 17, 2015 14 Bank am Bellevue Capex spending increases to a peak in 2016 to support the heavy cadence of new/refreshed product programs R&D spending increases slightly over Plan period, peaking in 2016 Spending as a percentage of revenues in - line with industry average at end of plan period Flexibility to reduce capex and R&D spending if industry outlook deteriorates € B Capex and R&D Spending 5.4 5.7 3.4 3.7 8.8 9.4 2013A 2014E 2015E 2016E 2017E 2018E PP&E Capex Total R&D Plan Industry Outlook vs. Plan As planned Lower Minimum to sustain operations Capex range ~10% Capex and R&D % Revenues ~8% January 17, 2015 15 Bank am Bellevue Margin expansion - opportunities exceed risks NAFTA LATAM EMEA APAC Increased volume leverage Product portfolio expansion Introduce Alfa Romeo brand Improved fleet mix Legacy products replaced Lower R&D after 2016 Industry volumes peaking Heightened focus on recalls Regulatory compliance cost Improved portfolio mix New Pernambuco plant Jeep production localized Refreshed Fiat product line - up Market growth resumption Continued inflationary pressures More competitors localized Full capacity utilization ~40% of production exported Refocus Fiat brand Moderate market recovery Continued pricing pressures Fleet mix still high Overcapacity in region Projected industry growth Growing SUV segment Jeep production localized Introduce Alfa Romeo brand Price pressure at low end Investing for long - term - 2.9% 2 - 3% 2013 Target 4.9% �10% 2013 Target 7.2% �10% 2013 Target 5.0% 6 - 7% 2013 Target Architecture convergence Industrial synergies Supply chain optimization EBIT Margin EBIT Margin EBIT Margin EBIT Margin January 17, 2015 16 Bank am Bellevue 2014 - 2018 financial t argets Revenues EBIT & Margin pct. Net Income 2016E 2018E Capex (IFRS) ~ € 93B ~ € 104B € 3.6 - 4.0B (*) 3.9% - 4.3 % (*) € 5.1 - 5.9B 4.9% - 5.7% € 0.6 - 0.8B (*) EPS € 0.44 - € 0.60 (*) € 1.9 - 2.5B EPS € 1.6 - € 2.1 € 7.5 - 8.5B € 10.5 - 11.5B Net Ind. Debt € 9.8 - 10.3B € 9.8 - 10.3B 2013 € 87B € 3.5B (*) 4.1 % (*) € 0.9B (*) EPS € 0.1 (*) € 7.5B € 9.7B (**) 2014E (**) Net Debt after VEBA stake acquisition (*) Excluding Unusuals ~ € 132B € 8.7 - 9.8B 6.6% - 7.4% € 4.7 - 5.5B EPS € 3.9 - € 4.4 € 8.5 - 9.5B ~ € 0.5 - 1.0B January 17, 2015 17 Bank am Bellevue Business plan – sell - side a nalysts’ views Did Fiat miss an opportunity to raise capital? (UBS, BUY) ” ... We like decisions to de - emphasize Fiat Europe and focus Minivan on Chrysler brand ... we have argued before in favor of some form of equity or quasi equity” Nice plan , but this Company needs a Capital Raise (Bernstein, Market Perform) ” ... we admire ambition ... thanks to Jeep in China, improved Europe, results are achievable ... Company surely needs a capital raise (of some form) for this plan to be affordable – and de - risked ” Two speed FCA FY18 Plan (JP Morgan, Neutral) ” ... in the first part of plan the bulk of the expansion plan ... Second speed substantial cash flow to deleverage” What if credit markets weaken as debt grows? (Citigroup, Sell) ” ... biggest issue is the accumulation of debt and amount of capex required to get to 2018 targets Blue sky 2018 pitch (Bank of America – Merrill Lynch, Underperform) ” ... we like the plan to address capacity issue in Europe with Maserati & Alfa ... see growth potential for Jeep ... plan is very back - end loaded however with 2016 EBIT only at € 5 . 5 bn & net debt at still € 10 bn . ” Again jam Tomorrow (Deutsche Bank, Sell) ” ... with € 10 B net debt ... no FCF in the foreseeable future ... remain highly leveraged OEM” Sceptics of targets but interest upside (Barclays, Overweight) ” ... Fiat gross liquidity is not a challenge ... business should no longer be viewed as Europe based ... Legacy Chrysler brands is where there are the greatest opportunities” Alfa Papa: One last go for Sergio ( Exane - BNP, Sell) ” ... Benchmarking against the best : Alfa has its work cut out .. ” January 17, 2015 18 Bank am Bellevue Capital market transactions announced on Oct 29th • 100M shares placed on the NYSE in December 2014 including: − existing treasury shares (35M shares) − shares issued in replacement of shares of Fiat S.p.A. shareholders exercising their cash exit rights related to the recent merger transaction (~54M shares ) • Issued $2.875 billion mandatory convertible securities in December 2014 which will be treated as equity • Separation of Ferrari from FCA expected in 2015 effected through: − p ublic offering of 10% of Ferrari − distribution of FCA’s remaining interest in Ferrari to FCA shareholders including the holders of the mandatory convertible securities Track – record 2013 Volume: 7,100 Willful and intended limitation 2013 Revenues: +5% ( € 2,335M) Resilient true like - for - like growth 2013 EBIT margin: 16% ( € 364M) Superior profitability and cash generation Opportunities Strong track record and potential Substantial global wealth creation Broader geographical shipments New revenue streams Continued higher vehicle prices Margin expansion January 17, 2015 19 Bank am Bellevue January 17, 2015 20 Bank am Bellevue C apital markets transactions and benefits  Strengthen balance sheet  Reduce business plan execution risk  Full value of Ferrari unlocked for benefit of FCA shareholders  Preserves Ferrari’s brand exclusivity strategy Common stock and mandatory convertible (DONE) Ferrari separation (by end of 2015) Expected to reduce net industrial debt by ~ € 4 billion January 17, 2015 21 Bank am Bellevue 1-Oct 8-Oct 15-Oct 22-Oct 29-Oct 5-Nov 12-Nov 19-Nov 26-Nov 3-Dec 10-Dec 17-Dec 24-Dec 31-Dec 7-Jan FCA s tock trading migration to NYSE Announced capital markets transactions ( October 29 ) Oct 13 – Dec 10 Average Daily Volume MTA 17.6M (87%) NYSE 2.7M (13%) Oct 1 – Oct 10 Average Daily Volume MTA 23.7M (100%) NYSE - 0 - Dec 15 – Jan 12 Average Daily Volume MTA 18.5M (72%) NYSE 7.0M (28%) Equity Offering & Mandatory Convertible Securities Pricing ( December 11 ) Start of FCA trading on NYSE ( October 13) FCA Average Daily Common Stock Trading Volume January 17, 2015 22 Bank am Bellevue Additional balance sheet enhancement 0 5 10 15 20 25 Minimum to sustain operations Allows for risk mitigation Total Liquidity Target € B Today Post ring - fencing Elimination of ring - fencing  Enhanced financial flexibility  Reduces liquidity requirements and cost of carry  Target to have positive net industrial cash by end of 2018 Chrysler ring - fence removal (by mid - 2016) Current Chrysler Group bonds with covenant restrictions on cash:  $3.0B 8.0% Notes due 2019 – callable as of June 15, 2015 at 104  $3.2B 8¼% Notes due 2021 – callable as of June 15, 2016 at 104⅛ January 17, 2015 23 Bank am Bellevue FCA – the road ahead Execute the business plan - continued volume growth with margin expansion Eliminate Chrysler ring - fence to enhance financial flexibility Separate Ferrari to unlock value for shareholders January 17, 2015 24 Bank am Bellevue

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