SIMPLY CLEVER Ten Years of the EURO Inspiration
- Slides: 14
SIMPLY CLEVER Ten Years of the EURO Inspiration for the Czech Republic HOLGER KINTSCHER Member of the Board of Management Škoda Auto a. s. Praha 25. 11. 2008 1
SIMPLY CLEVER Production plants in the Czech Republic Kvasiny Vrchlabí Superb, Roomster Octavia Tour, Octavia Production: 76 Tsd cars Staff: 3. 2 Tsd. Production: 100 Tsd. cars Staff: 1. 3 Tsd. Prague Pola 75 Km nd 135 Km Germany Pilsen Ostrava Mladá Boleslav Octavia Fabia Production: 399 Tsd. cars Staff: 22. 5 Tsd. Brno ia o k va Sl Austria 2
SIMPLY CLEVER Škoda markets in 1991 30 countries 172 Tsd. Cars 28% share of export 3
SIMPLY CLEVER Škoda markets 2008 100 countries 690 Tsd. cars 89% share of export 4
SIMPLY CLEVER Key figures 1 -9/2008 vs. 1 -9/2007 1 -9/2008 1 -9/2007 Δ% Tsd. cars 531 462 14. 8 Tsd. emp. 26. 2 25. 4 3. 1 Turnover Million. € 6, 359 5, 755 10. 5 Profit before tax Million. € 451 527 (14. 3) Deliveries to customers Number of employees 5
SIMPLY CLEVER Key figures 1 -9/2008 vs. 1 -9/2007 69 531 527 14, 8% 462 1 -9/2007 (76) 14, 3% 2007 451 1 -9/2008 Deliveries to customers (Tsd. cars) 1 -9/2007 1 -9/2008 Profit before tax (Million €) 6
SIMPLY CLEVER External impacts Financial crisis More expensive / restrictive financing of products (cars) Decrease of total markets Significant impact on Extreme Competition pressure in Central Europe Škoda Auto CO 2 -Discussion/Legislation Negative exchange rate development (CZK, USD, GBP. . ) 7
SIMPLY CLEVER Development of the exchange rate CZK/EUR Average rate 1 -9/2007 28. 08 CZK/EUR Average rate 1 -9/2008 24. 81 CZK/EUR Evaluation 11. 6% 8
SIMPLY CLEVER Revenues and Costs simulation Million. € Basis: Skoda Auto: 1 -9/2008 6, 091 others* 5, 626 1% 32 % 68 % EUR 56 % ? CZK 12 % Revenues * USD, GBP, JPY, CHF, DKK, NOK, SEK, SKK, PLN 31 % Natural hedging Costs 9
SIMPLY CLEVER Revenues and Costs simulation Basis: Skoda Auto: 1 -9/2008 Costs 43 Bill. CZK + 166 1, 740 Revenues 18 Bill. CZK (82) 1, 574 + 84 640 724 28. 08 CZK/€ 24. 81 CZK/€ 1 -9/07 1 -9/08 28. 08 CZK/€ Million € 1 -9/07 24. 81 CZK/€ 10 1 -9/08
SIMPLY CLEVER Million € Impact of CZK/EUR Exchange Rate Development on Škoda Auto 1 -9/2008 in comparison to 1 -9/2007 84 (166) (82) Revenues Costs Impact 11
SIMPLY CLEVER Planning stability ? ? ? CZK/€ 14. 10. 08 23. 10. 08 Average rate 2007 Highest rate 2008 Lowest rate 2008 29. 10. 08 18. 11. 08 27, 76 CZK/EUR 26, 36 CZK/EUR 22. 97 CZK/EUR 12
SIMPLY CLEVER Advantages of switching from local currency CZK to EUR A. Elimination of the exchange rate risk of CZK/EUR and relating costs - purchase and sales in EUR B. Stable planning / good sign for investors C. Simplifying of the accounting and treasury operations D. More transparent price policy 13
SIMPLY CLEVER Škoda challenges • To win the fight against financial crisis • To assure the finance stability of the company • To bring the figures back to 2007 level • To stay in the first league of automotive industry Skoda prefers EURO Implementation as soon as possible, because with Euro we will manage our challenges better 14
Simply clever film
Clever
Clever cleverer cleverest
V cc cc
Kể tên các môn thể thao
Four score and seven years ago is how many years
Goat years to human years
300 solar years to lunar years
Saki sredni vashtar
How long is four score and seven years?
Ajayan is ten years older than vijayan
Once in ten years
Am i a 10/10
Like to count ten at time ten،……..thirty ,fourty
Ten ten siempre fuerzas y esperanza
