TIDMCOD
RNS Number : 1234U
Compagnie de Saint-Gobain
27 November 2013
November 27, 2013
2013 Investor meeting
Medium-term strategy
Today, Saint-Gobain held a meeting for investors and financial
analysts to discuss its medium-term strategy.
Three pillars help drive the Group's strategy
The Group's priority is to focus on high-growth, high
value-added markets in habitat and industry.
-- Innovative Materials constitute the locomotive of innovation
of the Group, in particular thanks to their diversified markets in
sustainable habitat and high-tech industrial applications,
increasingly co-developed with our customers;
-- Construction Products - whose differentiation versus
commodity products continues to progress - are seeing their markets
grow faster than GDP per capita in both mature and emerging
countries. With leadership positions and strong brands,
Construction Products have a balanced global presence and spearhead
the Group's drive into newly emerging markets;
-- Building Distribution with its deep knowledge of local
markets, ingrained culture of customer focus and well-recognized
brands, holds top-ranking positions on the growing renovation
market and provides a strong accelerator for the Habitat
strategy.
2013-2018 strategy
Saint-Gobain will continue to roll out its strategy over the
next five years, focusing on three main areas:
-- Improving the Group's growth potential by focusing more
sharply on high value-added, asset-light activities; expanding its
footprint in emerging countries; and further strengthening its
business portfolio, particularly through the disposal of
Verallia;
-- Creating a stronger presence in differentiated products and
solutions, with R&D efforts focused on local projects
co-developed with its customers and on the fast-growing markets of
sustainable habitat and industrial applications. Marketing
initiatives will also be stepped up with an ambitious digital
strategy and by the development of ever stronger brands;
-- Continuing to work towards management's priorities of
achieving operational excellence, with an additional cost savings
plan over 2014-2015; further progress in Corporate Social
Responsibility; attractive returns for shareholders; and a
persistently solid financial structure.
This vision for Saint-Gobain development going forward is based
on strategic leadership positions that will allow the Group to
create value for its shareholders and be one of the strongest and
best-positioned companies in materials and construction
technologies.
2013-2018 strategic goals
For each of these strategic focuses, the Group has set itself
the following goals over the next five years:
1) Strengthen the Group's profile to raise its potential for
organic growth:
-- Reduce capital intensity in developed countries to 27%-29%
-- Focus investments outside Western Europe so that two-thirds
of Innovative Materials and Construction Products industrial assets
are located there
-- Complete the Group's business refocus by disposing of
Verallia and stepping up small or mid-scale acquisitions: EUR4bn in
acquisitions
-- Focus Building Distribution development on leadership positions
2) Increase the Group's focus on differentiation:
-- Concentrate R&D and marketing on local, co-developed
innovations: +50% co-developments and partnerships
-- Improve internal differentiation ratio (to reach 53% of Group
sales) and new solutions ratio (target 30% of Innovative Materials
and Construction Products sales)
-- Step up development on highly innovative industrial markets
to reach between EUR750m and EUR1bn in additional sales in new
High-Performance Materials niche segments
-- Boost market demand for higher value-added solutions by supporting sustainable construction
-- Enhance the Group's online offer to reach over EUR1.5bn of
sales, or 15% of Building Distribution sales, on the relevant
markets in 2018, versus 5% currently
-- Better associate the Group's brands with innovation, with a 5
point increase in average brand awareness
3) Continue to work towards management's priorities:
-- Continuously seek operational excellence: EUR800m in additional cost savings in 2014-2015
-- Make further progress in the Corporate Social Responsibility area
-- Target attractive returns for shareholders
-- Maintain a solid financial structure
Discover all of the presentations on www.saint-gobain.com from
2:30pm onwards.
About Saint-Gobain
Saint-Gobain, the world leader in habitat markets, designs,
manufactures and distributes high-performance building materials,
bringing innovative solutions to meet today's global challenges,
including growth, energy and the environment. With 2012 sales of
EUR43.2 billion, Saint-Gobain operates in 64 countries and has
nearly 193,000 employees. For more information about Saint-Gobain,
please visit www.saint-gobain.com.
Analyst/Investor relations Press relations
---------------------------------------- ------------------------------------------------------------
+33 1 47 62
32 52
+33 1 47 62 +33 1 47 62
Gaetano Terrasini 44 29 30 48
Vivien Dardel +33 1 47 62 Sophie Chevallon +33 1 47 62
Alexandra Baubigeat 30 93 Susanne Trabitzsch 43 25
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