Arif Karim’s Presentation on Ferrari at the MOI European Summit
Back in October, Arif Karim had the pleasure of presenting our investment thesis and company analysis on well-known sportscar maker Ferrari (RACE) at the virtually hosted 2020 MOI European Summit.
He argued that Ferrari is not in the business of selling cars, so much as it is in creating luxury experiences and products that cater to the emotional desires of its passionate customers. This underpins its moat and associated high return on invested capital (ROIC) while the company’s targeted model line up expansion and powertrain electrification, with cars like the SF90 Stradale and the upcoming Puro Sangue utility vehicle, support continued future unit growth while maintaining the exclusivity and value of the brand.
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