BENETEAU (EPA:BEN) - BENETEAU : Investor Day - Detailed presentation of the

Transparency directive : regulatory news

07/06/2017 08:30

Press release - June 7, 2017

Detailed presentation of the "Transform to Perform 2017-2020" plan Doubling of
                         the operating margin by 2020

For the Capital Market Day held in Bordeaux on June 7, 2017, Groupe Beneteau is
detailing  all the performance improvement and transformation measures being
rolled out in connection with the "Transform to Perform 2017-2020" plan for the
Boat business and updating its forecasts for the Group looking ahead to 2020.

The following key areas for improvement concerning the Boat business are
covered in specific presentations by the operational directors*:

* Product focus on the multihull segment
* Regional focus on North America
* Focus on product development
* Focus on improving industrial performance

This global plan will make it possible to secure sustainable and profitable
growth for the Group's Boat and Housing Divisions.

Group outlook for 2020

                  AT AUG 31,       APRIL 2017          2020 TARGET
                    2016           GUIDANCE

REVENUES          EUR1.1 BN        +10%               approx. EUR1.4 BN
                                    REVENUE GROWTH    approx. 6% AAGR (VS 2016)

INCOME FROM       EUR43.6 M        EUR63 TO 68 M      approx. EUR115 M
ORDINARY
OPERATIONS

% INCOME FROM     4.0%                                8 TO 8.5%
ORDINARY
OPERATIONS

INVESTMENTS       EUR68 M          AROUND +30%        approx. EUR75 M / YEAR

FREE CASH-FLOW    EUR70 M               EUR200 TO 250 M FOR 2017/2020

NET EARNINGS
PER SHARE         EUR0.30 /
                  SHARE                 > 3 X - HIGHER THAN EUR1.00 / SHARE

* The Capital Market Day presentations are available on the Groupe Beneteau
website.

Boat Division performance drivers and objectives

The Boat Division is expected to achieve an average annual growth rate of 6.2%
for its revenues for 2016-2020 thanks to its dynamic commercial development,
outpacing the market, supported by its continued development in international
markets and the ramping up of its development of the range of products and
services offered.

Looking ahead to 2020, the Group expects income from ordinary operations to
represent between 8% and 8.5% of revenues.
Growth in the margin over the period will be supported by four clearly
identified drivers:
* Improving efficiency
* Optimizing industrial capabilities
* Optimizing sales and support costs
* Improving the product mix

                    AT AUG 31, 2016            2020 TARGET

Revenues              EUR910.6 M             approx. EUR1,200 M
                                             approx. 6.2% AAGR

Income from
ordinary
operations            EUR46 M                approx. EUR100 M

% income from
ordinary
operations            5.10%                    8 to 8.5%

Investments           EUR62 M                EUR70 M / year

Housing Division performance drivers and objectives

The Housing Division is forecasting average annual growth of 3.5% for its
revenues for 2016-2020, with a target of 8% for income from ordinary
operations.

The key performance drivers include the turnaround of the Leisure Homes
business and the shutdown of the Residential Housing business.

                      At Aug 31, 2016                2020 target

Revenues               EUR172.9 M                 approx. EUR200 M
Leisure Homes          EUR160.8 M         approx. EUR200 M approx. 5.6% AAGR
Residential Housing    EUR12.1 M                          n/a

Income from ordinary   -EUR2.4 M                  approx. EUR15 M
operations

Leisure Homes
Residential Housing     EUR0.8 M                  approx. EUR15 M
                        -EUR3.2 M                          n/a

% income from
ordinary
operations /            -1.4%                     approx. 8%
revenues
Leisure Homes            0.5%                     approx. 8%
Residential Housing       n/s                         n/a

Investments             EUR6 M                    approx. EUR6 M / year

The next announcement is scheduled for Wednesday July 12, 2017, when revenues
for the first nine months of FY 2016-17 will be reported.

About Groupe Beneteau

As the boating industry's global market leader, Groupe Beneteau, through its
Boat division's 11 brands, offers over 200 recreational and professional boat
models serving its customers' diverse navigational needs and uses, from sailing
to motorboating, monohulls and catamarans.

Leading the European leisure homes market, the three brands from the Group's
Housing division offer a comprehensive range of leisure homes, lodges and pods
that combine eco-design with high standards of quality, comfort and
practicality.

With its international industrial capabilities and global sales network, the
Group employs 6,500 people, primarily in France, the US, Poland, Italy and
China.

Breakdown of revenues by business
2015-16 Group revenues: EUR1,083.5 million

Housing      16%
Sailboats    34%
Motorboats 49,4%

https://www.beneteau-group.com/en/

Press information
Mirna Cieniewicz m.cieniewicz@beneteau-group.com
Mobile: +33 (0)6 86 97 16 94 - Tel: +33 (0)2 51 26 21 25

Shareholder contact
Yannick Coicaud-Thomas y.coicaud.thomas@beneteau-group.com
16, boulevard de la Mer - CS 43319 - 85803 Saint Gilles-Croix-de-Vie Cedex -
France

Groupe Beneteau - Press release - Capital Market Day - June 7, 2017

BENETEAU's latest news

06/05/2024 17:40

BENETEAU (EPA:BEN) - BENETEAU : Investor Day - Detailed presentation of the

Transparency directive : regulatory news

BENETEAU's latest news

Other stories