Sin ttulo de diapositiva - PowerPoint PPT Presentation

Loading...

PPT – Sin ttulo de diapositiva PowerPoint presentation | free to view - id: 9e5c-YzE5Y



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Sin ttulo de diapositiva

Description:

25% Global Market Share (Lingerie); 2.9 RMS. ... Preferred supplier for International Lingerie and Swimwear Brands (Vanity Fair, ... – PowerPoint PPT presentation

Number of Views:116
Avg rating:3.0/5.0
Slides: 27
Provided by: sand5
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Sin ttulo de diapositiva


1
Strategic Plan 2008-2010
July 2007
2
Dogi International Fabrics
Strategic Plan 2008-2010
Legal Notice
This presentation is based on the information
provided by Dogi and other sources considered
reliable. It also includes estimates for the
future (for example, concerning the financial
position of Dogi, market strategy, management
plans and targets for future operations) that
entail known and unknown risks, and are subject
to the fulfilment of certain key hypotheses in
relation to present or future business strategies
of the company and the circumstances and
conditions in which Dogi may operate in the
future. Due to such uncertainties and risks,
recipients are advised not to place undue
reliance on such estimates for the future. The
management of Dogi does not accept the obligation
to update its evaluation of such risks and
uncertainties or to announce in public the
outcome of any review of such estimates for the
future, unless necessary under ruling
legislation. Under no circumstances should
reliance be placed on the information contained
in this document nor on its completeness,
accuracy or impartiality. Neither Dogi nor its
Officers, Directors, employees or agents
guarantee the accuracy, completeness or
impartiality of the information and opinions
contained in this document. In addition, no
guarantee is given as to the usefulness of the
information supplied for any purposes sought by
such recipients.   The information and opinions
contained in this document are supplied as at the
date of this presentation and are subject to
modification without notice.  
3
Dogi International Fabrics
Strategic Plan 2008-2010
Index
DOGI Group Elastic Fabric Sector / Market
(IA) Strategic Plan 2008-2010 Short-term
Actions Medium-term Strategy Evolution of
Financial Statements Commitments for 2008
4
Dogi International Fabrics
Strategic Plan 2008-2010
Dogi Group Today
  • Leader and Sole Global Supplier of Elastic
    Fabric.
  • 25 Global Market Share (Lingerie) 2.9 RMS.
  • Ideal location of Production Centres in relation
    to the main Clothes Manufacturing Clusters
    (Lingerie/Swimwear/Active Wear).
  • Preferred supplier for International Lingerie
    and Swimwear Brands (Vanity Fair, DBA Apparel,
    Victorias Secret, Chantelle, Triumph, MS,
    Speedo, WomenSecret....).
  • Partnership relationship with our customers.
  • Global Quality Certification.
  • Research Development
  • Recognised for Innovation Design.
  • Partnership with Suppliers.
  • Registered Trademarks as trend setter
    (Dreamshape, Liquid, Invisible, Cotton
    Touch...)
  • More than 2000 Employees, More than 180 M in
    turnover, 40 M metres of Installed Capacity.

5
Dogi International Fabrics
Strategic Plan 2008-2010
Evolution
2007
  • Acquisition of EFA
  • ( 27 M)
  • Sri Lanka (50)
  • Capital increase
  • (39.3 M)
  • . Organisational changes
  • Aggressive restructuring in Europe

2006
Extension China JV in Sri Lanka
(33) Convertible debentures ( 68 M) Repayment
syndicated loan
2003/04
Closure operations Mexico France Capital
increase 03 ( 24.8 M) Capital increase 04 (
28.9 M)
2001
Sara Lee operation (57 M) Germany,
China, Philippines and Thailand Syndicated
loan ( 90)
1999
Textiles ATA American market
1998
Shares traded on stock exchange
1993-95
Migration to products with higher added
value Acquisition of SNE European market leader
1954
Dogi S.A.
Turnover 97 90M
2007 180M
6
Dogi International Fabrics
Strategic Plan 2008-2010
Global Presence
Philippines / Vietnam / Indonesia / Thailand
Cluster
China Cluster
India / Sri Lanka Cluster
Eastern Europe / North Africa Cluster
Central America /Caribbean Cluster
Capacity 9 Mill m/year Employees 220
Capacity 12 Mill m/year Employees 590
Capacity 4.5 Mill m/year Employees 236
Capacity 7.5 Mill m/year Employees 400
Capacity 3 Mill m/year Employees 259
Capacity 4 Mill m/year Employees 268
Capacity 1st Phase 2.5 Mill m/year Employees
TBD
7
Dogi International Fabrics
Strategic Plan 2008-2010
Elastic Fabric Sector
00s Smart Textiles. Diversification of
applications
90s Technology, Comfort and Fashion
50s Appearance of Elastic Fibre
70s Use in Lingerie Swimwear
80s General Use
10s New Technology Intelligent Fabrics
Characteristics and Trends
Success Factors
Textile sub-sector (5) with most
growth Fragmented family-run management, in
concentration process Capital intensive Clothes-
makers Constant Delocalisation Processes Strong
concentration of customers and suppliers
Service, Quality and Reliability Innovation 1st
to market Proximity to clothes-manufacturers Glo
bal Relationship Competitiveness Costs
8
Dogi International Fabrics
Strategic Plan 2008-2010
Distribution of Group Sales
Geographical Areas ()
Product Segments
Active Wear Others 4
Europe 35
Swimwear 13
Asia 40
Lingerie 83
America 20
() Volume by origin of manufacture
9
Dogi International Fabrics
Strategic Plan 2008-2010
Lingerie Market
Market Trends (5 years)
Growth Drivers
Europe
1 10 functional fabrics 10 10
30
Mature Market Ageing/ Obesity
Population GDP Population /
Immigration Sophistication (Elastic
Trend) Population GDP Western
consumption habits
Eastern Europe North America Asia

10
Dogi International Fabrics
Strategic Plan 2008-2010
Manufacture of Lingerie Garments vs. D.I.F. Mills
- total meters
2004
2012e
America 12
America 17
Europe 19
19
20
40
24
57
40
Asia 58
Asia 69
Europe 25
DOGI Lingerie
118 million metres
129 million metres
11
Dogi International Fabrics
Strategic Plan 2008-2010
Other Segments
ACTIVE WEAR
NEW MARKETS
SWIMWEAR
  • Target
  • 240 M garments
  • 7,000 M USD
  • - 80 M m Elastic Fabric
  • Target
  • 500 M garments
  • 10,000 M USD
  • - 100/150 M m Elastic Fabric
  • Potential Markets
  • Medical Sector
  • Technical Fabrics (Industry,
  • Geotextiles, Agriculture)
  • Growth Drivers
  • Population
  • - Fashion
  • Growth Drivers
  • Comfort
  • - New Uses
  • Reasons
  • Niches with high added value
  • High growth rates
  • - Entrance barriers
  • DIF Market Share
  • 3.5
  • DIF Market Share
  • 1.5-2

12
Dogi International Fabrics
Strategic Plan 2008-2010
Competitive Advantages
  • Global Supplier
  • Low Vulnerability to Delocalisation Processes
  • Market Leader in Lingerie
  • Innovation / Design (1st Mover to Market)
  • Customer Supplier Relationship
  • Size Negotiating Capacity
  • Team Motivated, Committed and Professional
  • Low Borrowing Ratio

13
Dogi International Fabrics
Strategic Plan 2008-2010
Short-term Actions
  • RESTRUCTURING IN SPAIN
  • DOGI II
  • EFA
  • DOGIEFA
  • START OF CONTINUOUS IMPROVEMENT PROCESS

14
Dogi International Fabrics
Strategic Plan 2008-2010
Actions by Dogi Spain (I)
  • Adjustment to Profitable Production From 9.5 to
    5.8 M metres
  • Move to new facilities 1.4 M metres
  • Outsourcing 0-7 M metres
  • Discontinuation 1.6 M metres
  • Reduction in Complexity / Focusing on Target
    Customers
  • (from 1000 to 200 customers)
  • Reduction in Employees (?280 p)

Return to Profits
15
Dogi International Fabrics
Strategic Plan 2008-2010
Actions by Dogi Spain (II)
  • New Dogi II Plant
  • 24,500m²
  • Consolidation of all Production Centres in Spain
  • Optimisation of Processes
  • Ecological Efficiency (Reverse Osmosis,
    Photovoltaic energy...)
  • Centre of Excellence Dogi Brand
  • Total Investment 28 M
  • Operational in January 2008

Efficiency
Costs
Quality
16
Dogi International Fabrics
Strategic Plan 2008-2010
Summary of Restructuring in Spain
  • Investments
  • Property, plant and equipment (Move
    Machinery) 11.0 M
  • Employee compensation 9.5 M
  • Annual Savings 9 M
  • Payback 2.5 years
  • Internal Rate of Return 35

17
Dogi International Fabrics
Strategic Plan 2008-2010
Actions by EFA (USA) / DOGIEFA (Sri Lanka)
  • EFA (USA)
  • 6 million metres
  • Supply to Central American Cluster. Partnership
    with Cupid
  • EBITDA USD 5 M
  • Incorporated in April07
  • DOGIEFA (Sri Lanka)
  • From 2 to 5 million metres in 3 years
  • Partnership with MAS HOLDINGS Group
  • Supply to Indian Subcontinent Cluster
  • EBITDA slightly positive in 2008, USD 3 M in
    2010
  • Start-up 4th Quarter 2007

18
Dogi International Fabrics
Strategic Plan 2008-2010
Medium-Term Strategy
  • Consolidation, Integration, Saturation, Maximise
    Synergies
  • Focusing
  • Markets with High Added Value / High Growth
  • Functional Fabric
  • New Technologies
  • Fabric for Medical Applications
  • Technical Fabric
  • Commodities basically with Partnerships.
    (Swimwear / Active Wear)
  • Eco-Friendly Production / Product / Investment.
    (Biodegradable, Recyclable...)

19
Dogi International Fabrics
Strategic Plan 2008-2010
Challenges for DIF
  • Results in Spain
  • Evolution of currencies Dollar Rmb
  • Evolution of Oil Prices Raw Material Energy
  • Geo-political Risks Protectionist Measures...
  • Raw Material Yarn
  • Service Levels, Quality and Efficiency
  • Alignment Penn Asia (Thailand)

20
Dogi International Fabrics
Strategic Plan 2008-2010
Total Sales DIF ()
Million
() 100 of all companies in the DIF Group 2007
EFA Jan-Dec.
21
Dogi International Fabrics
Strategic Plan 2008-2010
EBITDA / EBIT DIF ()
Million
() 100 of all the companies in the DIF Group
2007 EFA Jan-Dec.
() Does not include non-recurring expenses
Employee compensation, w/off of assets…
22
Dogi International Fabrics
Strategic Plan 2008-2010
Net Profit DIF ()
Million
() Net Profit attributed to Dogi Group
23
Dogi International Fabrics
Strategic Plan 2008-2010
Impact M
Probability
Impact M
Upsides ? 2 Raw Material ? 2 Selling Prices
Spain 1 point Quality / Efficiency Downsides ?
1 Raw Material Prices ? 1 Energy Costs (Esc.
Base. 5) Backpay 1 months move to Dogi II 5
Appreciation of Rmb/USD 5 Additional
Appreciation Euro/USD (Consolidation Translation
Effect)
1.6 1.0 0.8 -0.8 -0.1 -0.3 -0.5 -0.2
75 75 25 total 50 50 80 50 50 tot
al
1.2 0.8 0.2 2.2 -0.4 -0.1 -0.2 -0.3 -0.1
-1.1
24
Dogi International Fabrics
Strategic Plan 2008-2010
Evolution Capex DIF ()
Millones de
Million
() 100 Companies of the Dogi Group
Organic Growth Investment 10-11 per year
25
Dogi International Fabrics
Strategic Plan 2008-2010
DIF Growth Return
Plan 08
Plan 09
Plan 10
Sales (M) EBITDA / Sales EPS (
/Share) ORONA () Capex Borrowing
189.0 8.7 0.01 4.4 11.1 32
207.8 10.1 0.06 6.3 18.6 32
222.6 11.2 0.08 7.9 12.6 29
() Sales Capex 100 of Companies in the Dogi
Group.
26
Dogi International Fabrics
Strategic Plan 2008-2010
DIF Commitments 2008
  • EBITDA over 15 M
  • Return to Net Profit
  • Start the year with the Spanish Business
    Restructured (Reduction in Complexity / ERE)
  • Move to new premises Dogi II During 1st
    Quarter 08
  • Sri Lanka Fully operational on 1 January
  • CSR programme to start in 2010
About PowerShow.com