Ferrari Capital Markets DAY, 2022-2026 Strategic Plan
June 16 2022 - 4:31AM
THE COMMITMENT TO UNIQUENESS, FURTHER
ENRICHING THE PORTFOLIO
- 15 new launches between 2023 and 2026.
- Over the plan period, on average, Icona and Supercar models
will represent less than 5% of total volumes, Special series will
be around 10%.
- Purosangue to be unveiled in September 2022. Its yearly average
contribution to shipments will remain below 20% over its
lifecycle.
- The highly awaited new Supercar will arrive within the plan
period.
- The first full electric Ferrari will be unveiled in 2025, as
previously announced.
THREE POWERTRAINS WITH DISTINCTIVE DRIVING
EMOTIONS
- By 2026, the product offering will be 40% ICE, 60% hybrid and
full electric.
- The evolution of ICE, an essential part of the Company’s
heritage, will continue.
- Hybrid powertrains will continue to benefit from the
technological transfer of Ferrari’s racing experience.
- Electric engines will be designed, handcrafted and assembled in
Maranello, to ensure a unique driving experience also derived from
racing solutions.
ENHANCING VALUE
- The plan privileges revenue over volume and entails strong
mix/price contribution, reaching in 2026 an EBITDA of Euro 2.5-2.7
billion with an EBITDA margin of 38%-40%.
- Cumulated capital expenditures of Euro ~4.4 billion to fuel
product development, of which ~75% focused on products and ~25% on
infrastructures.
- Consistently generating strong cumulated industrial free cash
flow of Euro 4.6-4.9 billion over the 2022-2026 plan period.
- Shareholders will be rewarded through a dividend pay-out
increased from 30% to 35% of adjusted net income from 2022 onward
and a shares repurchase program of Euro ~2 billion from now to
2026.
TAKING DELIBERATE ACTIONS TO ACHIEVE
CARBON NEUTRALITY BY 2030
- For Scope 1 and 2, Ferrari is implementing biomethane for the
trigenerator, installing photovoltaic panels and fuel cell based
systems.
- For Scope 3, electrification will reduce the vehicle use phase
CO2e emissions (at least -50% on average per car by 2030),
additionally Ferrari is exploring solutions to reduce (at least
-30% on average per car by 2030) the otherwise growing emissions of
raw materials mainly related to the battery module.
- Ferrari is committed to set Science based targets in line
with 1.5°C pathway.
1 Please refer to public filings for complete notes and
definitions of non-GAAP financial measures
2 SBTi OEMs sector policy currently under revision, Scope
3 targets subject to stricter requirements
- 2022.06.16_Ferrari_press release Capital Markets Day 2022
- 2022.06.16_Ferrari_press release Capital Markets Day 2022
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