DOCSLIB.ORG

Running Head: Leadership Analysis - Senna 1

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Running Head: Leadership Analysis - Senna 1 Running Head: Leadership Analysis - Senna 1 Ayrton Senna’s pursuit of perfection in Leadership Kris Felstead Foundations of Leadership November 24th, 2012 Leadership Analysis: Senna 2 Senna is a film documentary about Brazilian race car driver Ayrton Senna. The film begins with an overview of his journey from Brazil to Europe and his arrival into Formula 1 in 1984. As the film follows Senna it reveals both his personal and on track challenges and triumphs, culminating in his recognition as a global superstar. It is common to hear race fans describe the drivers as heroes. The notion of what constitutes a hero from an outsider’s perspective can be quite different from the challenges a driver goes through to compete in the sport they love. Furthermore, if one examines the leadership criteria it takes to lead a team to a championship, it becomes clear the driver is doing much more than just piloting the car around a track. The relationship the driver has with his team is a delicate balancing act of focusing on the needs of the team, while balancing the need to attain specific objectives each race weekend. It was in this balancing act that Senna displayed his strongest and weakest moments of leadership and thorough this examination it becomes clear he is an authentic leader in every sense of the word. Emergence of a Leader The first footage you are presented with is Senna driving go-karts when he came from Europe in 1978 to compete in the World Championship. The voice over of Senna describes his feeling of competing at that time as “pure driving, pure racing, there wasn’t any politics to be concerned with, or money to be won, but just real racing” (Senna, 1:14). His journey to Europe to race in go-karts was his stepping stone into Formula 1 in 1994. In his monologue he describes his voyage as a challenge which he will never give up, even though it meant leaving his family and friends in Brazil. Leadership Analysis: Senna 3 When a Formula 1 team selects a driver they are looking for the next champion, an individual that has demonstrates great task ability, individual assertiveness, and social acceptability (Borgatta, 1954, p756.) It’s in these traits we start to see the emergence of the Great Man theory and the belief by Formula 1 teams that this combination of attributes will help the driver lead the team to victory. In Senna’s first year in Formula 1 he was driving for an extremely underfunded team by the name of Toleman-Hart racing. During this time it was recognized that the car he was driving was not competitive enough to secure a race win. From the start it was clear Senna was an incredible talent providing some great performances with his underachieving machinery. The turning point came during the midpoint of the season at the Monaco Grand Prix. The race started under light rain and although Senna qualified 13th on the grid, the conditions provided a forum for his to display his driving talents. Each lap he carved away at the field and by lap 30 he was catching the leader by almost 4 seconds per lap. The leader at this time was Alan Prost, a senior driver in the series who was a Formula 1 champion and driving for the best team at the time McLaren. Senna was unable to complete his charge to victory as the race official for the FIA (Formula 1’s governing body) stopped the race due to heavy rain. This signified the emergence of a great talent and if provided with the right situation and support, Senna would emerge as a future champion (Stogdill, 1984, p66). Facing Challenges The race at Monaco wasn’t only a turning point in the recognition of a great capacity for racing but the first test of Senna’s leadership ability. Senna proposed the race was stopped because of the rate he was catching the champion Alan Prost. Since the race was held in France, the FIA housed in Paris, and the race leader of French decent, it was the first time Senna had challenged his notion of sport being pure. Leadership Analysis: Senna 4 In his next year in Formula 1 Senna moved to team Lotus with factory support and more money at their disposal. Senna displayed an incredible work ethic and was the last person to leave the garage on many occasions to ensure they could meet their objectives for the race weekend. He is also one of the first drivers to work directly with the engineer to discuss the mechanics of the car and develop the best setup for race-day. His cognitive ability, problem solving skills, and his motivation for success were clearly separating Senna from just another driver and a motivating force for everyone around him (Zaccro, 2007, p12). It was during his time at Lotus that Senna displayed his high level of Emotional Intelligence not just through his driving but his dedication and pursuit of perfection on every task that would mean the difference between success and failure. This also enabled him to lead the team to performance levels they would have been unable to achieve without him (Boyatzis, 2000, p344). Senna continued to mature as an individual and as a leader but understood that his stay at Lotus was complete if he wanted to realize his dream of becoming a Formula1 Champion. New Challenges in Leadership The 1988 season saw Senna move to McLaren joining the two time world champion Alain Prost. The tension between the two drivers remained stemming back to 1984 and the Monaco race. Senna was pleased to be in identical machinery in the hopes he could prove to everyone that he had the ability to be Formula 1 champion. It was evident that Senna had the pace and dedication to Join McLaren but in the end what you are looking for is an intellect (Senna, Ron Dennis, 20:44). It’s the continual development of self that prompted McLaren to acquire Senna’s services and their belief he would fit seamlessly into the company culture. It was an interesting time at McLaren because Leadership Analysis: Senna 5 Prost felt he was the number one driver and team leader but Senna was determined to demonstrate he was the leader of the team. This tension between the two was growing as each race passed and Senna was finding it difficult to manage his frustration. Prost was known to be extremely political and calculated his words as carefully as he drove on the track. This outward presentation of calculation and self control earned him the nickname the professor. This approach to racing was a complete contradiction to the style of Senna on and off the track. Senna lead with his emotions and put maximum effort into everything. It was through this relationship with Prost that Senna became more adaptive to his environment and understood the importance of responding in a suitable manner off the track, just as he instinctively did on (Moser, 2001, p118). At the Monaco Grand Prix in 1988 Senna was leading the race and so far in front of Prost it was almost impossible for him to lose. The team urged Senna to slow down and conserve his car but his determination to totally dominate Prost lead to him crashing into the wall. This gave the win to Prost and served as a valuable lesson to Senna. He put the teams’ needs after his own agenda and threw away important points for himself and the team. In order to become world champion he needed the support of the team and had to share the responsibility of everyone pulling in the same direction to achieve the goal (Winkler, p40). This was Senna’s first understanding of what it meant to be a Transformational leader and the continued development of his Emotional Intelligence at McLaren. It was also the turning point in the season as his new outlook saw him win the next 6 out of 8 races placing him just ahead of Prost in the championship. The final race of the year saw Senna and Prost fighting for the honour of Formula 1 Champion in which Senna became the champion. This was a huge victory for Senna but his Leadership Analysis: Senna 6 jouney as a leader had just begun. Over the next three years the rivalry would expose the best and worst of Senna’s leadership. Leaders and Adaptation The 1989 season was another ballet between the two teammates Senna and Prost. In the second last race of the season Senna had to win in order to send the championship to the final and deciding race. He was running second to Prost and attempted a pass on the inside which saw Prost close the gap and forced the two cars to collide and lock wheels. Prost got out of his car and walked back to the pits where Senna prompted the race marshals to push him and restart the car. Senna was able to continue but the route he had to take in order to get back on the track involved running down the safety road. Senna was able to secure the victory but after the race the president of the FIA Jean-Marie Balestre disqualified Senna for cutting the chicane to get back onto the track. Senna was infuriated and met with the president to have the verdict overturned but instead received a large fine and temporary suspension of his Super License to race in Formula 1. McLaren was now in a tough situation because Prost had won the championship but felt the need to support Senna because of the loyalty and support they received.
Load more

Recommended publications
  • Mclaren - the CARS
    McLAREN - THE CARS Copyright © 2011 Coterie Press Ltd/McLaren Group Ltd McLAREN - THE CARS INTRODUCTION INTRODUCTION WILLIAM TAYLOR WILLIAM TAYLOR Bruce Leslie McLaren’s earliest competitive driving While he was learning how to compete at this level, the experiences came at the wheel of a highly modified 1929 Ulster period was of crucial importance to Bruce when it Austin Ulster, an open-topped version of Britain’s cheap came to gaining an understanding of the mechanical side and ubiquitous Austin Seven. Spurred on by his father, of the sport. As a result, by the early 1950s he was already Les, a skilled engineer and a keen motorsports a highly capable and ingenious mechanic, something he enthusiast, Bruce’s initiation into the relatively small ably demonstrated when the Ulster’s cylinder head community of New Zealand and Australian racing drivers eventually cracked. Rescuing a suitable replacement from took place at a hillclimb at Muriwai Beach in 1952. It a humble 1936 Austin Ruby saloon, he filled the combustion was about 25 miles from the McLaren family home in chambers with bronze which he then expertly ground to the Auckland, and happened to be part of their holiday appropriate shape using a rotary file. Once the engine was home. He had just turned 15. reassembled the Ulster proved good for 87mph, a 20 per cent improvement on its official quoted maximum of 72mph. The Ulster had already been in the family for almost three years, having been acquired by Les, in many pieces, for Thereafter such detail improvements came one after another.
    [Show full text]
  • WOKING BOROUGH COUNCIL SITE ALLOCATIONS DPD INDEPENDENT EXAMINATION WRITTEN STATEMENT RELATING to MATTERS 3 and 5 MCLAREN SERVICES LTD (Rep ID: 081) NOVEMBER 2019
    WOKING BOROUGH COUNCIL SITE ALLOCATIONS DPD INDEPENDENT EXAMINATION WRITTEN STATEMENT RELATING TO MATTERS 3 and 5 MCLAREN SERVICES LTD (rep ID: 081) NOVEMBER 2019 WOKING BOROUGH COUNCIL SITE ALLOCATIONS DPD INDEPENDENT EXAMINATION WRITTEN STATEMENT RELATING TO MATTERS 3 and 5 MCLAREN SERVICES LTD (rep ID: 081) NOVEMBER 2019 Issue / revision FINAL Prepared by T. Southgate Reference 249504B Signature This document is issued for Date November 2019 [ ] Information [ ] Approval Checked by S. Davenport [ ] Comment [ x ] Submission Signature SD Comments Date November 2019 Authorised by T. Hancock Signature TH Date November 2019 Please return by © Terence O’Rourke Ltd 2019. All rights reserved. No part of this document may be reproduced in any form or stored in a retrieval system without the prior written consent of the copyright holder. All figures (unless otherwise stated) © Terence O’Rourke Ltd 2019. Based upon the Ordnance Survey mapping with the permission of the Ordnance Survey on behalf of Her Majesty’s Stationery Office © Crown Copyright Terence O’Rourke Ltd Licence number 100019980. Contents 1.0 Introduction 2.0 Matter 3: Is the SADPD’s approach to allocations and safeguarded land in the Green Belt (GB) justified and consistent with national policy? 3.0 Matter 5: Are the SADPD’s policies justified, consistent with national policies, and clearly written and unambiguous so it is evident how a decision maker should react to development proposals? 4.0 Conclusions Terence O’Rourke Ltd 2019 1 1.0 Introduction 1.1 This examination statement is submitted on behalf of McLaren Services Limited (McLaren) in respect to Matters 3 and 5 of the Woking Borough Site Allocations Development Management Document (SADPD) examination.
    [Show full text]
  • EXCLUSIVE OPENING DAYS of the Mclaren VIENNA at MEGADENZEL in ERDBERG
    Media Information EMBARGOED: 16:34.BST, 24 May 2012 EXCLUSIVE OPENING DAYS OF THE McLAREN VIENNA AT MEGADENZEL IN ERDBERG McLaren Vienna opens new showroom at MEGADENZEL in Erdberg and presents the groundbreaking high performance McLaren MP4-12C Motorsport history up close – the original 1982 McLaren MP4/1B driven by triple Formula 1 drivers’ world champion Niki Lauda VIENNA, AUSTRIA (24th May 2012). There is a new attraction for sports car enthusiasts in Vienna: McLaren Vienna opens its new showroom at MEGADENZEL in Erdberg on Thursday, 24 May 2012. In the exclusive, high-tech oriented showroom, guests can experience the fascination of McLaren up close from 24th May 2012. In addition to the presentation of the first in a range of groundbreaking McLaren sports car - the McLaren MP4-12C - first customer vehicles are handed over to their new owners at the opening event. Furthermore, an original Formula One™ vehicle driven by Niki Lauda in 1982 will be on display, a reference to Austria’s long and glorious racing history with McLaren. The Denzel Group had been appointed to represent the brand in Austria in November 2011, when the MP4-12C was first introduced to Viennese customers at an exclusive viewing in Metastadt. “As a traditional sports car competence centre DENZEL is looking forward to representing the new sports car brand McLaren, not only in Austria, but also in the neighbouring Eastern European countries”, says Alfred Stadler, Chief Executive Officer of the Wolfgang Denzel Auto AG. “The new showroom is more than just the representation of a brand“, says Michael Röck, Managing Director of McLaren Vienna.
    [Show full text]
  • NOVITEC Makes the Mclaren Senna Even More Dynamic
    NOVITEC makes the McLaren Senna even more dynamic Engine tuning up to 663 kW / 902 hp and 888 Nm Hi-tech forged wheels with 20- and 21-inch diameter A performance increase to up to 663 kW / 902 hp and 888 Nm peak torque, hi-tech forged wheels in a staggered 20/21-inch combination and a superlight high- performance exhaust system made from the cutting-edge material INCONEL. NOVITEC, renowned refinement specialist for the world's most exclusive sports cars, now presents a tuning range for the McLaren Senna lightweight-design sports car that is designed for extreme sportiness. In its maximum tuning specification, the two-seater thus made even more dynamic has a power-to-weight ratio of 554 kW / 753 hp per metric ton of dry weight. This also benefits the driving performance, of course: From rest, the tuned mid- engine sports car slings itself to 100 km/h in a mere 2.7 seconds and reaches a speed of 200 km/h after just 6.5 seconds. The top speed is 335 km/h. NOVITEC also offers customized interiors precisely tailored to the preferences of the vehicle owner. Performance is the key competence of the McLaren Senna, the lightweight-design model from the British manufacturer, which is limited to 500 cars and named after legendary three-time world champion Ayrton Senna. Its 4.0-liter twin-turbo V8 engine produces an output of 588 kW / 800 hp and a peak torque of 800 Nm right out of the box. NOVITEC offers three tuning levels for this super sports car.
    [Show full text]
  • Lewis the Unbreakable
    IT’S ALL ABOUT THE PASSION ABU DHABI GP Issue 159 23 November 2014 Lewis the unbreakable LEADER 3 ON THE GRID BY JOE SAWARD 4 SNAPSHots 8 LEWIS HAMIltoN WORLD CHAMPION 20 IS MAttIAccI OUT AT FERRARI ? 22 DAMON HILL ON F1 SHOWDOWNS 25 FORMULA E 30 THE LA BAULE GRAND PRIX 38 THE SAMBA & TANGO CALENDAR 45 PETER NYGAARD’S 500TH GRAND PRIX 47 THE HACK LOOKS BACK 48 ABU DHABI - QUALIFYING REPORT 51 ABU DHABI - RACE REPORT 65 ABU DHABI - GP2/GP3 79 THE LAST LAP BY DAVID TREMAYNE 85 PARTING SHot 86 The award-winning Formula 1 e-magazine is brought to you by: David Tremayne | Joe Saward | Peter Nygaard With additional material from Mike Doodson | Michael Stirnberg © 2014 Morienval Press. All rights reserved. Neither this publication nor any part of it may be reproduced or transmitted in any form, or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of Morienval Press. WHO WE ARE... ...AND WHAT WE THINK DAVID TREMAYNE is a freelance motorsport writer whose clients include The Independent and The Independent on Sunday newspapers. A former editor and executive editor of Motoring News and Motor Sport, he is a veteran of 25 years of Grands Prix reportage, and the author of more than 40 books on motorsport. He is the only three-time winner of the Guild of Motoring Writers’ Timo Makinen and Renault Awards for his books. His writing, on both current and historic issues, is notable for its soul and passion, together with a deep understanding of the sport and an encyclopaedic knowledge of its history.
    [Show full text]
  • Download the Press Release
    PRESS RELEASE // FEBRUARY 2018 MCLAREN – RICHARD MILLE RETURN ON THE 55 YEARS OF EXISTENCE OF A F1 CHAMPION Luxury Swiss watch maker Richard Mille return on the history of one of the greatest Formula One racing team : McLaren. Today second most successful team in the championship history, the british company founded by New Zealander Bruce McLaren has set mutiple records during its life. Return on 55 years of success. A HIGH SPEED RISE Although he initially intended to a sports career, his heart goes to an other famous sport in his home country : rugby. After an injury he gets interested with great success towards automotive sports. He mades his competitives debuts in 1958 and quickly establish himself as an amazing motorcycle driver. One year later, aged 22 years and 80 days, Bruce McLaren becomes the youngest ever racer in the history of Formula One to win a race : the United States Grand Prix. McLaren M2B THE EARLY STAGES OF MCLAREN In 1963, while still involved in the Cooper racing team, the champion founds the Bruce McLaren Motor Racing. It’s only in 1966, that he creates his own racing team and design his first F1 with the young engineer Robin Herb. Named M2 B, this vehicle will be presented this year at Rétromobile. McLaren competitive debuts aren’t successful nonetheless the ranking of the team at the end of the season is saved thanks to motorisations upgrades and a victory with a Ford GT40 at the 24 Hours of Le Mans. After a great 1967 season, McLaren compete with a brand new car seen as the finest-looking Bruce McLaren M8D single-seater : the M7A.
    [Show full text]
  • Current Offers
    Current Offers 2 x AMG 6x6 (1 x OFF-MARKET) AMG GT-C Roadster AMG GT Black Series NEW (Delivery 2nd Quarter 2021 – OFF-MARKET) AMG GT-C Coupe Aston Martin Valkyrie (Delivery 04/21) (OFF-MARKET) Audi R8 V10 2016 Audi R8 Decennium Limited Edition 1 of 222 2 x Audi RSQ8 NEW Bentley Continental Mulliner Wide Body 2001 All information is subject to change Tel. +49 (0) 160 967 958 49 E-Mail: [email protected] Current Offers BMW M8 Competition Coupe NEW BMW M3 CSL Brabus AMG GT-S Brabus 800 Rocket NEW 2010 (OFF-MARKET) Brabus Rocket 900 NEW (1 of 10) (OFF-MARKET) Bugatti Divo (OFF-MARKET) Bugatti Pur Sport (OFF-MARKET) Bugatti Veyron NEW (OFF-MARKET) Bugatti Veyron (OFF-MARKET) Chevrolet Corvette C1 Convertible 1960 Chevrolet Corvette C2 Split Window 1963 All information is subject to change Tel. +49 (0) 160 967 958 49 E-Mail: [email protected] Current Offers DeTomaso Pantera Dodge Viper ACR VENOM Hennessey 700R (OFF-MARKET) Dodge Viper ACR 2017 Ferrari Monza Sp2 NEW (OFF-MARKET) Enzo Ferrari NEW (OFF-MARKET) LaFerrari Aperta (OFF-MARKET) LaFerrari black/black (OFF-MARKET) Ferrari F40 (OFF-MARKET) Ferrari 550 Barchetta (OFF-MARKET) Ferrari 365 GTB Daytona (OFF-MARKET) Ferrari 355 Berlinetta (OFF-MARKET) Ferrari 458 Coupe (OFF-MARKET) Ferrari 458 Speciale Aperta (OFF-MARKET) All information is subject to change Tel. +49 (0) 160 967 958 49 E-Mail: [email protected] Current Offers Ferrari 458 Speciale (OFF-MARKET) Ferrari Pista Piloti (OFF-MARKET) LaFerrari GCC SPECS (OFF-MARKET) Enzo Ferrari black (OFF-MARKET) Ferrari F355 GTS (OFF-MARKET) LaFerrari nero/nero (OFF-MARKET) Ferrari 328 GTS Targa Ferrari F599 Ferrari 328 GTB Ferrari Roma (Delivery 01/21) Ferrari F8 Tributo (Delivery 12/20 and 01/21) Ferrari Daytona 1971 (OFF-MARKET) Ferrari Dino 308 GT4 Ferrari 488 Pista (OFF-MARKET) Ferrai 458 Speciale Ferrari F8 NEW available at December (OFF-MARKET) Ferrari F40 GTE “IGOL” (3 x Le Mans) (OFF-MARKET) All information is subject to change Tel.
    [Show full text]
  • The Mclaren Senna: the Ultimate Road-Legal Track Car
    MEDIA Media Information 00:01 GMT, December 10, 2017 The McLaren Senna: the ultimate road-legal track car ▪ New Ultimate Series is the most extreme McLaren road car yet ▪ Bears the name of legendary Formula 1 driver, Ayrton Senna, honoring its status as the ultimate McLaren track car, legalized for the road ▪ At 2,641lbs, the lightest McLaren road car since the iconic McLaren F1 ▪ 4.0-liter twin-turbocharged V8 is the most powerful McLaren road car internal combustion engine ever, with 789bhp and 590 lb ft ▪ Power to weight ratio of 668PS-per-ton delivers savage performance ▪ The purest connection between driver and car of any road-legal McLaren ▪ Aggressive appearance epitomizes ‘form-follows-function’ McLaren design philosophy ▪ Mid-engine, rear-wheel drive chassis – the optimum configuration for dynamic excellence ▪ Priced at $958,966 (U.S.) ▪ Production limited to 500 units, all hand-assembled at the McLaren Production Centre in Woking, Surrey, England from Q3 2018 “You commit yourself to such a level where there is no compromise. You give everything you have; everything, absolutely everything.” Ayrton Senna The McLaren Senna has been designed, engineered and developed with single-minded purpose: to be the ultimate McLaren track-concentrated car for the road. Legalized for road use, but not sanitized to suit it, the new Ultimate Series deliberately compromises McLaren’s trademark breadth of supercar daily usability; instead it provides the purest connection between driver and car, to deliver the most intense circuit experience of any road McLaren. The technical recipe is classic McLaren Automotive supercar, a pedigree established and earned in the short time elapsed since the pioneering sports and supercar company was founded in 2010, but taken to another level entirely in the McLaren Senna.
    [Show full text]
  • Complete Your Authentic Formula 1 World Championship Starting Grid with SCX®
    Complete your authentic Formula 1 World Championship starting grid with SCX® SCX® PRESENTS FERNANDO ALONSO'S RENAULT ING F-1 Drive the latest car in the team that made the Spanish driver a champion The Renault ING F-1 driven by the Spaniard Fernando Alonso in the 2008 Formula 1 World Championship is here. SCX® brings you this attractive single-seater so that you can recreate the most exciting moments of the championship on your own track. At the first glance its predominant colours – white, yellow, orange and blue and combinations of some of these, like yellow and orange – make this a highly striking car. Spoilers are of great importance in Formula 1 and this car does not disappoint in this respect. The double front spoiler carrying the ING logo has a highly aerodynamic shape and features several blades at the bottom, giving it a distinctly aggressive look. The nose of the Renault ING F-1, highly prominent in yellow, has the Renault logo in the centre along with an aerial, the car’s race number 5 and the driver’s name, plus different sponsors’ logos. The front wheels are reproduced together with their brackets and fittings, Bridgestone POTENZA tyres and hubs with a bolt in the centre from which the spokes radiate out. The side view of this SCX® model features a full range of the host of aerodynamic features fitted to cars in the Formula 1 World Championship to make them more competitive. Four spoiler fins are located on the sides of the car, the last of them towards the back, just in front of the rear wheels.
    [Show full text]
  • VODAFONE Mclaren MERCEDES TEAM UNVEILED in VALENCIA
    VODAFONE McLAREN MERCEDES TEAM UNVEILED IN VALENCIA Monday 15th January 2007, Ciudad de las Artes y de las Ciencias, Valencia, Spain: Vodafone McLaren Mercedes race drivers Fernando Alonso and Lewis Hamilton will drive through the streets of Valencia in their Formula 1 cars later today to mark the start of an exciting new era for the team. The event heralds the launch of the Vodafone McLaren Mercedes team, which Vodafone is joining as Title Sponsor and Official Mobile Partner. Fernando and Lewis, who form one of the youngest driver line-ups in the history of the sport, will unveil the new livery to an expected crowd of more than 150,000 on a bespoke circuit around the Ciudad de las Artes y de las Ciencias in two MP4-21 race cars. This will be followed by the unveiling of the 2007 car, the MP4-22, which Fernando and Lewis will use to contest this year's Formula 1 World Championship. The 2007 challengers will conduct a shakedown test at the Circuit Ricardo Tormo, Valencia, on Wednesday 17th January. The intensive pre-season testing programme will then commence on Wednesday 24th January at the same track. Pedro de la Rosa and Gary Paffett join Fernando and Lewis to complete the driver line-up. Pedro and Gary, who are starting their fifth and second years with the team respectively, will continue to support the ongoing technical development of the MP4-22 package during the course of the year alongside Fernando and Lewis. “This is a fantastic day for me - I am really proud to be introducing myself as a Vodafone McLaren Mercedes driver in my home country, and of course to help present my new team to the Spanish fans,” said double World Champion Fernando.
    [Show full text]
  • Mclaren Q3 (YTD) 2020 Results
    1 | McLaren Q3 (YTD) 2020 Results McLaren Q3 (YTD) 2020 Results November 25, 2020 2 | McLaren Q3 (YTD) 2020 Results Update on latest Covid-19 Minimal impact from Covid-19 despite second phase of government restrictions Global retailer network remains largely open ▪ Retailer network mostly open with the exception of temporary lockdown closures in some US states, Belgium, France and the UK due to Covid-19. However, in general, our retailers are operating within the restrictions in each region ▪ Recovery from Q2 lockdown particularly strong in Asia ▪ Retail sales strong across geographies, with Asia performance most advanced Production facilities continue uninterrupted ▪ Both Ultimate and Series lines in the McLaren Production Centre operational ▪ Cars continue to be shipped ▪ Wholesale volumes of 897 cars slightly behind plan due to a limited number of suppliers impacted by Covid -19 slowing down their ability to deliver parts Continued strength in Automotive Wholesales ▪ Focus on delivering GT, 765LT, Speedtail and Elva models to customers Ongoing focus on controlled Investment spending, cost efficiency and business operations ▪ Investment focus continues on programmes delivering a 2020 return and the new high performance hybrid architecture in readiness for 2021 3 | McLaren Q3 (YTD) 2020 Results Automotive > Racing > Applied Q3 2020 Group Revenue by division Q3 (YTD) 2020 ▪ Group YTD Revenues of £389.2m were down 61% vs Q3 (YTD) 2019 ▪ Improved Q3 2020 Revenue of £171.6m up 60% vs Q2 2020 £108.3m ▪ Q3 2020 Adjusted EBITDA loss of (£11.3m)(1) an improvement on Q2 2020 (£34.7m)(1) as a result of increasing revenues and cost saving initiatives ▪ LTM Adjusted EBITDA(1) was (£34m) following the impact of Covid-19 on the Group Automotive ▪ Q3 2020 Revenue £126.7m up 73% vs Q2 £73.4m; Q3 2020 EBITDA flat vs Q2 loss (£45.9m) ▪ Vehicle wholesales in Q3 2020 were 313 (vs 277 during Q2 2020).
    [Show full text]
  • Product Catalog 2020 2 Table of Contents: Markings 4 - 5 Premium Homologations with Pirelli Technology 6 - 7 Pirelli Range Overview 8 - 9
    PRODUCT CATALOG 2020 2 TABLE OF CONTENTS: MARKINGS 4 - 5 PREMIUM HOMOLOGATIONS WITH PIRELLI TECHNOLOGY 6 - 7 PIRELLI RANGE OVERVIEW 8 - 9 TM P ZERO FAMILY 10 - 11 P ZEROTM CORSA (PZC4) 12 - 13 P ZEROTM (PZ4) 14 - 17 P ZEROTM 18 - 23 P ZEROTM ALL SEASON 24 - 25 P ZEROTM ALL SEASON PLUS 26 - 27 P ZERO NEROTM ALL SEASON / M+S 28 - 29 P ZERO NEROTM GT / P ZERO NEROTM 30 - 31 P ZERO ROSSOTM 32 - 33 CINTURATOTM FAMILY 34 - 35 CINTURATO P7TM 36 - 37 CINTURATO P7TM ALL SEASON 38 - 39 CINTURATO P7TM ALL SEASON PLUS / II 40 - 41 P4TM FOUR SEASONS 42 - 43 SCORPIONTM FAMILY 44 - 45 SCORPION ZEROTM ALL SEASON 46 - 47 SCORPION ZEROTM ALL SEASON PLUS 48 - 49 SCORPION ZEROTM ASIMMETRICO / SCORPION ZEROTM 50 - 51 SCORPIONTM VERDE 52 - 53 SCORPIONTM VERDE ALL SEASON 54 - 55 SCORPIONTM VERDE ALL SEASON PLUS / II 56 - 57 SCORPIONTM ALL TERRAIN PLUS 58 - 59 SCORPIONTM ATR 60 - 61 SCORPIONTM STR 62 - 63 WINTER FAMILY 64 - 65 P ZEROTM WINTER 66 - 67 WINTER SOTTOZEROTM 3 68 - 71 WINTER SOTTOZEROTM SERIE II 72 - 74 CINTURATOTM WINTER 76 - 77 ICE ZEROTM FR 78 - 79 SCORPIONTM WINTER 80 - 82 WINTER SOTTOZEROTM W210 / W240 83 WINTER SNOWCONTROLTM SERIE 3 W190 83 WINTER SNOWCONTROLTM SERIE 3 W210 83 WINTER SNOWSPORTTM / SCORPIONTM ICE & SNOW 83 INSIDE PIRELLI TECHNOLOGY 84 - 85 HOMOLOGATION PROCESS 86 - 87 ORIGINAL EQUIPMENT – HOMOLOGATIONS 88 - 117 WARRANTY AND TIRE CARE 118 - 122 3 MARKINGS Pirelli works to create the PERFECT FIT between car and tire in collaboration with the best car manufacturers. This collaboration is carried out through the use of dedicated technologies, processes and materials.
    [Show full text]