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PICANOL GROUP HY1 2004 Financial Results Analyst Meeting - Ieper, 24 August 2004 -

PICANOL GROUP HY1 2004 Financial Results Analyst Meeting - Ieper, 24 August 2004 -. Agenda. Picanol Group - Three pillar business model - Strategy - Highlights HY1 2004 - Outlook HY1 2004: Financials - Income statement - Earnings per share Questions. Three pillar business model (1/2).

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PICANOL GROUP HY1 2004 Financial Results Analyst Meeting - Ieper, 24 August 2004 -

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  1. PICANOL GROUP HY1 2004 Financial Results Analyst Meeting - Ieper, 24 August 2004 -

  2. Agenda • Picanol Group - Three pillar business model- Strategy- Highlights HY1 2004- Outlook • HY1 2004: Financials - Income statement- Earnings per share • Questions

  3. Three pillar business model (1/2)

  4. Three pillar business model (2/2) • New organisational structure aligned with three pillar business model, with focus on Technologies, Systems and Services. • Goals: create more focus and increase autonomy, effectiveness and identity of the three pillars. • Streamlining of management structure: new six-man Management Committee. • Implementation is proceeding as planned.

  5. Strategy of the Picanol Group • Expand product offering with more standardised weaving machines for specific market segments. • Expand market by introducing existing weaving machines in significant emerging markets like Bangladesh, Brazil, India, Pakistan and Russia HY1 ’04 orders in Brazil, China, Eastern Europe and India confirm strategy to gain customers by focusing on new segments and on important emerging markets. • Further focus on and implementation of the three pillar business model. • Further increase efforts regarding general cost management and capacity improvement.

  6. Highlights HY1 2004 • January ‘04 Breakthrough in Eastern-Europe: three contracts for 155 new weaving machines. • February ‘04 Contract for 512 GTXplus rapier weaving machines in China, the biggest single order for rapier weaving machines ever. • April ‘04 Launch of two weaving machines for glass weaving, another step in the strategy to address specific niches in the textile sector. • May ’04 Launch of the new organisational structure, in line with the three pillar business model.

  7. Outlook • Uncertainty remains about the evolution of the USD. • Successful strategy to gain customers by focusing on new segments and important emerging markets: • Product mix with new, more standardised machines for specific market segments • Introduction existing machines in significant emerging markets. • Elaboration of strategic plan, in order to smoothen the cyclical character of the global textile industry. • Success depends on the ability of Europe to maintain its competitiveness in the export markets.

  8. HY1 2004: Financials

  9. Income statement

  10. Earnings per share

  11. Questions?

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