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Investor Relations Department: +33 (0)1 45 19 52 26 www.bicworld.com
Operations and integration plan
ANALYST & INVESTOR DAYBIC Advertising & Promotional Products
2
Agenda
Manufacturing and logistic footprintManufacturing and logistic footprint
Integration plan agenda & financial impactIntegration plan agenda & financial impact
EuropeEurope
North AmericaNorth America
Asian sourcingAsian sourcing
3
Manufacturing and logistic footprint
BIC APP operates 18 product categories over the world
orders processed per day4,200
units shippedper day4,000,000
items managed5,500
4
Manufacturing and logistic footprint
Screen printing Hot stampingPad printing Laser engraving Digital printing
Offset printing Dye sublimationFlexographic Heat transfer Vinyl panel
Label printing DebossingEmbroidery Debossing foil fill
Glue paper
Foil stamping EtchingCustom-Crafted Medallion
Image 3 Domed emblems
Expertise on 20 decorating methods
5
BIC Graphic operations in 2008
Tarragona
Tampa Atchison
(Kansas) Mexico
Factory
Manufacturing and logistic footprint
6
Manufacturing and logistic footprint
Tarragona
March 2009: Acquisition of Antalis Promotional Products in Europe
Tampa Atchison
(Kansas) Mexico
Dordrecht La Granada BergamoNetherlands
Italy
Spain
Factory
Warehouse
7
Manufacturing and logistic footprint
Redwing San Antonio Sleepy Eye Janesville Auburn
July 2009: Acquisition of Norwood Promotional Products in North America
Factory
Warehouse
Tampa Mexico
Tarragona
Dordrecht La Granada BergamoNetherlands
Italy
Spain
8
2010: Consolidation of Operations to leverage synergies
► Reduce complexity ► Increase efficiency ► Reduce costs
Manufacturing and logistic footprint
9
Agenda
Manufacturing and logistic footprintManufacturing and logistic footprint
Integration plan agenda & financial impactIntegration plan agenda & financial impact
EuropeEurope
North AmericaNorth America
Asian sourcingAsian sourcing
10
Europe
2010: Consolidation of European Operations in Spain
A single logistic platform for European operations
Optimization of existing capacities
La Granada
Tarragona
11
Europe
La Granada An automated Warehouse to serve all our European customers
Opened in 2006 19,000 m² / 25,873 pallet places 12 m height free Strategically located:
- 45 km to Barcelona harbor- 60 km to Tarragona facilities
Automatic picking
12
Europe
La Granada Transfer of Dordrecht activities
► One warehouse to ship everywhere in Europe
► Links with Tarragona facilities
Q1 2010
Picking
Pallet
28 Corridors3,20 m wide
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Europe
Writing Instruments Lighters Sticky notes
orders processed per day350
units shippedper day700,000
items managed250
The European centralized factoryTarragona
14
► Digital expertise
► Transfer of the Norwood Europe decorating activities
► Relocation of the outsourced decorating activities
► Support of the Norwood expertise
► Service to all BIC APP product categories
► Certified ISO 9001-2008
Europe
The European centralized factoryTarragona
15
Agenda
Manufacturing and logistic footprintManufacturing and logistic footprint
Integration plan agenda & financial impactIntegration plan agenda & financial impact
EuropeEurope
North AmericaNorth America
Asian sourcingAsian sourcing
16
North America
Centers of Manufacturing Expertisein North America2010
FuneralPaper
Hard Goods
Writing
Instruments
17
North America
Center of Expertise Writing InstrumentsTampa
orders processed per day1,300
units printed per day1,800,000
items managed670
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North America
Center of Expertise Writing InstrumentsTampa
► #1 in writing instruments
► Internally designed and fabricated machines - High speed machines- Flex machines - Change over optimization
► Certified ISO 9001-2008
► The BIC quality for the BIC service
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North America
Center of Expertise Writing InstrumentsTampa
► Transfer of Redwing WRITING INSTRUMENTS
Q2 2010
20
North America
Center of Expertise Hard GoodsRedwing
Auto, Tools & Flashlights
Golf, Sports & Fun
Health, Wellness & Safety
Office, Magnets & Badge Holders
Meetings& Outdoors
orders processed per day680
units printed per day580,000
items managed1,400
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North America
Center of Expertise Hard GoodsRedwing
► The widest choiceof decorating techniques
► Decorating methods expertise
Screen printing
Pad printing
Hot stamping
Laser engraving
Digital printing
Offset printing
Flexographic printing
Dye Sublimination
Heat transfer
Vinyl panel
Label printing
Laminating
Embroidery
UV coating
22
North America
Center of Expertise Hard GoodsRedwing
► Transfer of Bags and Drink ware from San Antonio and from Tampa
Q4 2010
23
North America
Center of Expertise PaperSleepy Eye
Calendars, Planners & Diaries
orders processed per day950
units printed per day500,000
items managed440
24
North America
Center of Expertise PaperSleepy Eye
► Leading supplier in the industry
► 60% of repeat orders
► 12,000 tons of paper per year
25
North America
Center of Expertise PaperSleepy Eye
► Transfer of Sticky notes and cubes from Tampa
Q1 2011
26
Agenda
Manufacturing and logistic footprintManufacturing and logistic footprint
Integration plan agenda & financial impactIntegration plan agenda & financial impact
EuropeEurope
North AmericaNorth America
Asian sourcingAsian sourcing
27
Asian sourcing
One consolidated BIC APP Sourcing platform
HQ location
BIC APP locations
Supplier area
●●●
Guangdong Fujian
Zheijang
Henan& Anhui
HONG KONGcontainersper year
3,500
28
Asian sourcing
Internal sourcing serving all BIC Advertising & Promotional Products entities around the world
InspectionTesting
Factory audit
Compliance
Quality
Speed
Differentiation
Price
29
Agenda
Manufacturing and logistic footprintManufacturing and logistic footprint
Integration plan agenda & financial impactIntegration plan agenda & financial impact
EuropeEurope
North AmericaNorth America
Asian sourcingAsian sourcing
30
Integration plan agenda & financial impact
Antalis Promotional Products Integration follow up
March 11th, 2009: Acquisition of Antalis Promotional Products
The first 100 days of the integration► New operational management team► New Financial, Sales & HR reporting► Adjustments in local organizations
Dec. 11th, 2009: European Reorganization announcement
► European Field Sales reorganization Q1 2010
► Transfer of Antalis PP French back office in Spain Q1 2010
► Integration of printing activities in Tarragona Q1 2010
► Transfer of Dordrecht Warehouse in Spain Q1 2010
► Closure of Antalis PP Spanish offices and transfer to Tarragona Q2 2010
► Centralization of some supports functions in Tarragona Q2 2010
31
Integration plan agenda & financial impact
Norwood Promotional Products Integration follow up
July 6th, 2009: Acquisition of Norwood Promotional Products
The first 100 days of the integration► Integration within the BIC APP
operational management team► Adjustments in local organizations► Consolidation of the Asian structures
Feb. 23rd, 2010: North American Reorganization announcement
►Implementation of the Center of Manufacturing Expertise Year 2010
►Consolidation of manufacturing operations Q4 2010
►Closing of San Antonio Q4 2010
►Relocation of Indianapolis office Q4 2010
32
Approximately 11 additional million euros to be accounted in 2010 accountsCosts
Savings Approximately 11 million euros annualized gains starting in 2011
P&L
Integration plan agenda & financial impact
33
Dislaimer
This document contains forward-looking statements. Although BIC believes its expectations are based on reasonable assumptions, these statements are subject to numerous risks and uncertainties. A description of the risks borne by BIC appears in section “Risks and Opportunities” of BIC “Reference Document” filed with the French financial markets authority (AMF) on 31 March 2009.