december 15, 2017 - mclaren investors...q3 2017 group revenues of £244m (vs. £189m in q2 2017),...

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:

PLEASE, DO NOT REFRESH!

0

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224

C O N F I D E N T I A L

Q3 2017 Results

December 15, 2017

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


1

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


One outstanding luxury and technology group

Automotive Racing Applied Technologies

Award winning high performance luxury cars

“Experience”-led customer proposition

Unique brand platform with global visibility

20 F1 World Championships

Cutting-edge tech solutions and data analysis

Track record of exceptional & profitable growth

2016 Revenues: £650m 2016 Revenues: £225m 2016 Revenues: £52m

North America

35%

Europe 30%

APAC ex. China 17%

China 7%

RoW 11%

Automotive 70%

Racing 25%

Applied Technologies

5%

Sales and car volume split Highlights

Sales by division Car volumes by region

2016: 3,286 units 2016: £898m2

Global leader in high-performance luxury and technology

55 year history dominated by technical excellence

Revenue visibility via automotive order book and F1 contracts

Q3 2017 LTM normalized PF revenue: £1,099m

Q3 2017 LTM normalized PF EBITDA: £160m

10

Notes: 1 Normalised pro-forma revenue is calculated using the same approach as normalised pro-forma EBITDA, adjusting for the impact of the SAP implementation, the 720S ramp-up and cost synergies. 2 Exclusive of

intercompany transactions

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


2

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


McLaren Senna & McLaren BP23 overview

Senna BP23

Vo

lum

e

# u

nit

s

so

ld

Pri

ce

E

xp

. 1

st

de

live

ry

500 106

Sold out Sold out

£750k

Q3 2018

[TBU]

[TBU]

1

Ultimate series car released in Dec 2017 Hyper-GT series car to be released in 2019

Typ

e

Type Hyper-GT announced in 2016

Volume 106

# units sold Sold out

Price N/A

Exp. 1st delivery Early 2020

Type Ultimate Series car revealed in December 2017

Volume 500

# units sold Sold out

Price £750k

Exp. 1st delivery Q3 2018

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


3

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


Highlights

Accelerating car volumes in Q3 2017 with full production ramp-up of 720S and 570S

Spider now complete as of Q4 2017

Continued strong order book, with 720S and 570S Spider sold out into Q3 and Q2

2018 respectively

Production run-rate of 375 and 430 cars built in October and November

respectively

Exclusive new Senna model already sold out

Q3 2017 group revenues of £244m (vs. £189m in Q2 2017), with the increase mainly

driven by continued ramp-up of production

McLaren Automotive was ranked as the number one company overall in The

Sunday Times Top Track 250 league table

Q3 2017 normalised EBITDA of £42m (vs. £23m in Q2 2017) and reported EBITDA of

£23m

LTM normalised EBITDA of £160m

McLaren Racing and Fernando Alonso extend relationship into 2018 F1 Season

following announced Renault engine supply partnership

Large pool of active sponsorship leads and significant number in contract

negotiation

Continued growth in Applied Technologies underpins disruptive technology offering in

attractive end markets

Strong balance sheet and ample liquidity for future investment requirements

8

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


4

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


Full year 2017 outlook

Strong order book position as of 30 September 2017 reflects exceptional demand for 720S, 570S Spider and Senna

Modest impact on Q3 volumes from slower than anticipated production ramp-up of 570S Spider

Reduced full year volume guidance of c. 3,300-3,400 cars

Improved October and November production run-rate of 375 and 430 cars per month respectively

Run-rate achieved supports anticipated 2018 production levels

Significant Automotive volume growth expected in 2018 following full production ramp-up now achieved

2018 volumes expected to be >4,300 cars

Very strong product mix expected in 2018 with the Senna expected to impact margins positively

Racing and Applied Technologies expected to be broadly EBITDA neutral for FY 2017 assisted by a small number of heritage vehicle sales

No impact from termination of Honda partnership in FY 2017, with 2018 impact expected to be partially mitigated through increased sponsorship

revenues and reduced Racing cost base

Expected FY 2017 EBITDA of £65-75m and normalised EBITDA of £160m

19

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


5

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


Successful launch of Sports Series Spider

Sports Series

Sold out into Q2 2018

Deliveries commenced

in August 2017

“It’s the best sports car we’ve driven in a decade”.

British GQ

“More fun and engagement than 570S. No dynamic

compromise.”

EVO

“The 570S has shed its roof, but its massive talent

remains intact.”

AUTOCAR

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


6

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


BBC Top Gear: Performance Car

Of The Year 2017

Road & Track: Performance

Car of the Year 2018 Scottish Car of the Year 2017

720S awards – & counting

Octane Awards 2017: Supercar of the

Year

Women’s World Car

Of The Year 2017

AUTOCAR 5-Star Car

EVO: 5-Star Car Auto Express 5-Star Car

Successful product launches – sweep of awards for critically acclaimed 720S

CAR Magazine: Sportscar

of the Year 2017

Sold out

Into Q3 2018

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


7

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


Revealing the extraordinary new McLaren Senna

“It’s clear the Senna is something very special”

EVO

“A tremendous and savage presence in the metal”

“This is McLaren's road-legal track monster”

Pistonheads

“There’s nothing about McLaren’s latest something

more than a supercar that’s not astonishing”

“The Senna really is a performance geek’s dream

and it is all beautifully manufactured and assembled,

as is the way with McLarens these day”

Telegraph

Sold out

Revealed in December 2017

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


8

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


735 728 898 914

185

2014A 2015A 2016A LTM 3Q17

Revenues Adjustments

99 119 148 72

88

2014A 2015A 2016A LTM 3Q17

EBITDA Adjustments

Historical financials overview

Automotive volume (units) Underlying net debt3 (£m)

Margin2

1,649 1,612

3,286 3,198

2014A 2015A 2016A LTM 3Q17

Automotive margin2

Note: 1 Inclusive of intercompany transactions at revenue level for 2014 and 2015, exclusive of intercompany transactions for 2016 (c. £28m) and LTM normalised PF 3Q17 revenue (calculated using the same

approach as normalised PF EBITDA, adjusting for the impact of the SAP implementation , the 720S ramp-up and cost synergies) 2 LTM Group margin based on normalised revenues and EBITDA of £1,099m and £160m; LTM Automotive margin based on normalised automotive revenues and EBITDA of £791m and £140m 3 Reported net debt of £481m includes reported gross debt of £542m (underlying gross debt of £564m, £22m of capitalised fees, £7m of accrued interest and £6m of FX gains) and cash of £61m

Pro forma normalised Group Revenue1 (£m) Pro forma normalised Group EBITDA (£m)

24.0% 22.1% 21.8%

13.5% 16.3% 16.5% 14.6%2

18.9%2

39

503

Sep 2017

Track record of sustained revenue growth

YTD 2017 revenue impacted by planned shut down in automotive production

(SAP implementation), anticipated gap in Super Series line-up and slower

than anticipated production ramp-up of 720S and 570S Spider

Continued growth in normalised EBITDA

Reduced Automotive margin reflects increased cost base to support

operational ramp-up in production

Racing margin impacted by increased cost of Formula 1 car driven by

regulation changes for 2017

Strong volume performance despite 720S and 570S Spider not being

delivered until June 2017 and August 2017 respectively

Full production ramp-up of 720S and 570S Spider now complete in Q4 2017

Net debt position reflects July 2017 bond issuance of £564m and £61m cash

position

1,099

160

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


9

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


212

193

244

Q3 2016A Q2 2017A Q3 2017A

20 23

42

Q3 2016A Q2 2017A Q3 2017A

Q3 2017 summary

Automotive volumes Group revenue (£m) Group normalised EBITDA (£m)

Strong volume performance despite slower

than anticipated production ramp-up of 720S

June 2017

Strong Super Series and Sports Series order

book and dealer allocations reflects exceptional

customer demand

720S sold out into Q3 2018

Stronger y-o-y Q3 Automotive revenues driven

by wholesale volume growth

Continued revenue growth vs Q2 2017 reflects

continued ramp-of 720S production

Growth in Racing revenues with increased

price fund partially offset by lower sponsorship

revenue

Applied Technology revenue up 28% y-o-y

Profitability in-line with plan driven by timing of

model launches and production ramp-up

Sales mix impact driven by Super Series mix

changes, with sales of 720S only in Q3 17

versus 675LT only in Q3 16

SG&A increase resulting from operational

ramp-up

Racing EBITDA growth driven by increased

prize money for 2016 Constructors

Championship supplemented by the profit on

sale of a number of heritage cars, partially

offset by a drop in sponsorship income

804

727

834

Q3 2016A Q2 2017A Q3 2017A

9

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


10

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


Normalised EBITDA bridge

LTM Q3 2017 Reported (and unadjusted) LTM Q3 2017 EBITDA

Normalised EBITDA at

LTM Q3 2017 Reflects Company’s underlying LTM performance

Normalised EBITDA bridge

SAP Implementation Adjustment for lost volumes in January 2017 when a new SAP system was installed at McLaren Technology Centre, and

production was shut down during the implementation period

One-off ramp-up

effects in Q1, Q2 and

Q3

Reflects impact of production gap due to timing of new 720S and 570S Spider launch compared to other models

Reflects McLaren transition to a complete product line-up following product portfolio build up during recent years

40

£72m

£160m

£16m

£66m

£6m

Q3 2017 LTM EBITDA Impact of SAP implementation Impact of ramp up(Q1,Q2 and Q3)

Cost synergies Normalised Q3 2017 LTMEBITDA

Developing Normalised EBITDA

Cost synergies in Q3 Representing 50% of £12m run-rate cost synergies to be achieved by 2018 mainly by removing duplicate cost post

business integration

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


11

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


Strong customer demand with a 4% reduction in YTD volumes reflecting lower supply driven by production ramp-

up following SAP go-live and 720S launch timing

Regional sales mix in line with prior year

Legislative delays resulting in shift in allocations of 720S and 570S Spider from China, sales expected to re-

commence in China in March 2018

APAC & China further impacted by longer production lead times

Global

2,091 2,020

YTD 2016 YTD 2017

Automotive volume by region (year-to-date)

North America (35%)

696 709

YTD 2016 YTD 2017

RoW (9%)

179 184

YTD 2016 YTD 2017

Europe (36%)

710 720

YTD 2016 YTD 2017

China (4%)

137

72

YTD 2016 YTD 2017

APAC (ex. China) (17%)

11

Automotive

Racing


335

YTD 2016 YTD 2017

369

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


12

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


3,300-3,400

>4,300

FY2017E FY2018E

Production ramp-up now complete with run-rate levels of 375-400 cars per month

Automotive

Racing


SAP

implementation

720S

launch

570S

Spider

launch

720S

ramp-up

complete

570S

Spider

ramp-up

complete

2017 average 4-week rolling production volume

500

600

FY2017E FY2018E

1

No new product launches in 2018 with the Senna being produced on a separate product line which will not impact overall production

0

50

100

150

200

250

300

350

400

450

Week 4 Week 8 Week 12 Week 16 Week 20 Week 24 Week 28 Week 32 Week 36 Week 40 Week 44 Week 48

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


13

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


Renault partnership positions McLaren Racing for successful 2018 season

15

Automotive

Racing


McLaren and Fernando Alonso extend relationship

Alonso committed to McLaren team for 2018 FIA Formula 1

World Championship

Underpins McLaren Group’s ambitions for future racing success

Competitive position further enhanced through Renault engine

supply partnership

Early momentum in winning and re-signing sponsorships

Several hundred active leads with a significant number of

sponsorship contracts under negotiation

Further sponsorship announcements targeted ahead of 2018

season

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


14

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


Cutting edge technology solutions gaining increased traction in large and

diverse growth markets

New Contracts won

Public Transport – Three new multi-year connected fleet contracts tendered

for

Health – Human condition monitoring contract tendered for in Singapore

Motorsport – awarded standard supply contract of sensors for Formula 1 by

the FIA

First McLaren Deloitte customer signed up to validate partnerships first proof

of concept product

Operational progress

Development of next generation Formula E Battery being validated ready for

manufacture of test products

Development of 3rd generation Formula 1 Standard ECU, for race seasons

2019 to 2021

Configuration of intelligent seat sensors for Virgin Trains East Coast rail fleet

Motorsport Automotive Public Transport Health & Wellness

[DUMMY

DATA]

16

Automotive

Racing


33

42

YTD 2016 YTD 2017

Revenue

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


15

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


Q3 2017 Net debt / liquidity position

Gross debt reflects $250m and £370m

5-yr Senior Secured Notes issuance in

July 2017

£90m undrawn RCF

Ample liquidity for future investment

requirements

19

Q3 2017

Gross debt1 564

Cash & cash equivalents (61)

Underlying net debt2 503

Underlying net debt2 / EBITDA 3.1x

Undrawn committed credit lines 90

Total available liquidity 151

1 Reported gross debt of £542m includes underlying gross debt of £564m, £22m of capitalised fees, £7m of accrued interest and £6m of FX gains 2 Reported net debt of £481m includes reported gross debt of £542m and cash of £61m

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


16

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


APPENDIX

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


17

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


Q3 2016 – 2017 revenue bridge

Automotive revenues driven by wholesale volume growth

Racing revenue driven by increased prize money for 2016 Constructors Championship supplemented by other revenues, partially offset by a drop in

sponsorship income

Applied Technologies revenues driven by increased product unit sales made to Honda Motorsport on their Formula One programme, additional

sensor and ECU sales to other F1 customers and growth in service revenues

157

3

160

70

22

92

(14) (7)

212

244

Q3 2016 Automotive Racing & Applied Technologies Q3 2017

Automotive Racing and Applied Technologies Combination adjustments

1

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


18

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


Summary Income Statement – Q3 2017

£m Q3 2017 Q3 2016

Turnover 244 212

Cost of sales (192) (146)

Gross profit 52 66

Administrative expenses (36) (26)

EBITDA 23 20

Depreciation & amortisation (22) (20)

EBIT 1 23

Net finance costs (2) (25)

Profit before tax (1) (2)

Taxation (9) (1)

Profit after tax (10) (4)

22

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


19

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


Summary Income Statement – YTD 2017

£m YTD 2017 YTD 2016

Turnover 564 571

Cost of sales (457) (399)

Gross profit 106 172

Administrative expenses (128) (117)

EBITDA (8) 16

Depreciation & amortisation 55 57

EBIT (66) 6

Net finance costs (5) (53)

Profit before tax (70) (47)

Taxation 8 7

Profit after tax (63) (40)

22

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


20

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


Cash Flow Statement – YTD 2017 vs. 2016

23

£m YTD 2017 YTD 2016

Net cash flows from operating activities 13 51

Net cash outflow from investing activities (138) (72)

Net cash inflow from financing activities 157 11

Net increase/(decrease) in cash and cash

equivalents 32 (10)

Group cash flow statement

Colour palette

Object titles

72, 83, 91

244, 121, 32

36, 41, 45

197, 205, 205

50, 63, 79

255, 0, 0

127, 215, 167

242, 220, 12

211, 211, 211

Soft colours

Object titles

216, 221, 224

253, 228, 210

231, 234, 236

243, 245, 245

208, 216, 225

255, 204, 204

229, 247, 237

252, 247, 196

247, 247, 247

Note from PPS:


21

Table colours

Headings

244, 121, 32

Lines

50, 63, 79

Highlights

216, 221, 224


McLaren model portfolio

570 GT

The McLaren 720S embodies our relentless quest to

push the limits of possibility. Lighter, stronger, faster.

It’s all of these and more. But how it makes you feel

is altogether something else. Prepare to push the

limits of what you thought possible in a supercar

All the performance of the Coupé plus the extra

exhilaration of open-air driving. The 570S Spider

brings you closer to the elements in a design that’s

equally stunning with the roof up or down

The 570GT adds extra comfort and practicality to

breath-taking performance. Every bit a McLaren, it’s

optimised for the road and makes the ultimate sports

car experience one that’s perfect for daily use, longer

journeys and weekends away

It’s the ultimate sports car experience. Completely

driver-centric and performance oriented, the 540C

Coupé is equally at home on the track as it is on the

open road. Being light weight with a high power to

weight ratio, it delivers a super car punch that would

shame many more expensive rivals

540 C

570 S and 570 S Spider 720S Senna

The McLaren Senna is the most track-focused road

car we have ever built, and it will set the fastest lap

times of any McLaren to date. One that is legalised

for road use, but not sanitised to suit it. Nothing else

matters but to deliver the most intense driving

experience around a circuit

Presented Dec 10, 2017

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december 15, 2017 - mclaren investors...q3 2017 group revenues of £244m (vs. £189m in q2 2017),...

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