Executing 2017 targets

What is GIO ambition by 2020?

Reduction of the opex by 20%

Reduction of the cost of good sold by 20%

Increase of the volume by 20%

Reduction of the cost per dose sold by 20%

What costs are NOT included in the Opex?

Employment costs

Scale up costs (Indus)

Energy costs

Raw material costs

What do Conversion costs represent?

All Opex

Capex

Used capacity costs

Raw material

Which activities lead to idle costs?

Remediation, eg ‘stop & fix’

Site Ramp-up

Significant decline in volume

What is the financial impact of having idle costs?

It increases the value of inventory

It is charged to the P&L of this year

It is charged to the P&L of next year

What is 2017 target in terms of write-offs (% of production value)?

10%

14%

17%

20%

What is the purchase price variance?

The difference between standard price and average price

The difference between standard price and actual price

The difference between actual price and last year price

What is the financial impact of deferring variances to next year?

It impacts the P&L but not the inventory value

It impacts both P&L and inventory value

What is the difference between SPC and COGS?

The COGS is always higher than the SPC

COGS includes a market adjustment and 5% write-offs

SPC includes Write-offs

What are the “others” costs made of?

Royalties

Asset impairment

DT benefit to non core

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