Strong and Resilient Growth Path
STRONG AND RESILIENT GROWTH PATH
Undisputed winner in luxury yachting
Value of Production (rebased to 100)
2008-2014 global boating market¹ decrease: -41%
+5%
-36%
-69%
2006 2007 2008
2009
2010 2011 2012 2013
2014 2015 2016 2017 2018
2019
2020 2021
1.
Source: Company information, management assessment, consolidated annual reports and Deloitte Boating Market Monitor 2019.
Source: Deloitte Boating Market Monitor.
2.
3.
Based on consolidated accounts as per Italian GAAP until 2015, then according to IFRS. Financial year ending 31 December.
Based on consolidated accounts as per Italian GAAP. Financial year ending 31 August.
4.
Based on consolidated accounts as per IFRS. Financial year ending 31 August until 2012, then ending 31 December.
5.
2006-2008 figures including Pinmar and Apremare (~€65m revenues), then disposed in 2010.
SANLORENZO
2006-2021 growth: +514%, more than >6x²
Above market growth paired with distinctive
resilience across industry cycles testimony of
Sanlorenzo superior business model, even during
the Covid-19 pandemic, also thanks to:
Large proportion of direct sales to final
customers, with limited "sell-in/sell-out" risk
from dealers and more favourable working
capital dynamics
Flexible cost structure due to production
activities carried out by third-party contractors
Ferretti Group 2006-2021 growth: +18%4,5
Azimut | Benetti 2006-2021 growth: +14%³
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