Te Technical, Sporting & & Financial Regu gulati tion - PowerPoint PPT Presentation

Te Technical, Sporting & & Financial Regu gulati tion ons FIA/FOM - Project Plan for the Financial Framework

2021: Reminder of the Key Objectives ceability : enable & facilitate close racing Ø Ra Race Ø Co Competitive Grids : reduce gaps between the cars Financial sustainability : improve the financial health of the sport – Ø Fi create sustainable business model – reduce costs ility : contribute to a technological progress in Ø En Envir vironmental s al sustain ainab abilit road-relevant areas Ø Ae Aesthetics cs / / passion : create great-looking, exciting cars

2021 car: what will it look like

Aerodynamic Components Ø Aims of Aerodynamic Regulations: Wake performance – close racing • Simplification of the car • De-sensitisation of certain areas – leading to lower performance • differentials Ø Simpler front wing with weaker vortices – less able to control front wheel wake Ø No barge boards Ø Ground effect car – long diffuser under side pod Ø Certain prescribed components in areas of great sensitivity

2021 car: Following Car Performance 98% 94% 2021 concept car shows magnitude of improvements made to following car aero 86% 79% 71% 68% 55%

Aerodynamic Regulations – philosophical points Ø The legality volumes are much more CAD-based Ø Coordinate system introduced into the regulations (X, Y, Z) Ø Scanning equipment to facilitate policing and comparison to the CAD geometry Ø All aerodynamically relevant areas are covered by Article 3 (e.g. brake ducts, suspension fairings, etc.)

Aerodynamic Regulations – visual differentiation Ø We can foresee visual differentiation in the following areas: Nose § Front wing and endplates § Engine intake § Sidepod intake shape § Sidepod coke shape & Engine cover spine § Brake ducts § Rear wing and endplates § Ø The areas that have been restricted (namely under-chassis devices, barge boards, diffuser and rear wing endplate complexities) are the areas that we know are important to protect the essence of the research that has been carried out

Aerodynamic Regulations – visual differentiation

Aerodynamic Regulations – visual differentiation 9

Aerodynamic Regulations – visual differentiation 2021 Regulation Freedoms 10

Aerodynamic Regulations – visual differentiation 11

Aerodynamic Regulations – visual differentiation 2021 Regulation Freedoms 12

Aerodynamic Regulations – visual differentiation 2021 Regulation Freedoms 13

Mass (Weight) Ø Increase of minimum mass from 743Kg to 768Kg. Main contributors: Bigger wheels • Tyre mass • Power Unit (+5) • Certain standard or prescribed parts • Safety components •

Power Unit Ø Generally-speaking, a carry-over of the current status quo Ø Some cost reduction via: Increased weight • Material restrictions (commercially available) • Non exclusivity for ES cells and Turbocharger supplier • Standard HP fuel pump • Ø Obligation for equal spec between manufacturers and customer teams

Fuel & Engine Oil Ø Strong desire to increase environmental relevance of F1 fuels: For 2021: doubling of renewable content of fuel to 20% • For 2022 onwards: commitment to further increase these • numbers – road map must be defined with PU manufacturers and Fuel suppliers

Fuel System Ø For legality & policing: Standard high pressure and primer pumps • Standard piping • Standard flow meter (FFM) – as now • Standard damper • Prescribed collector & certain internal components •

Transmission System Ø Analysis showed considerable savings can be obtained if Gearbox R&D costs are eliminated: this is obtained through configuration freezing for a certain period. Ø In order to not “lock-in” a performance differential for a team, gearbox dimensions have been defined in a more restrictive manner Ø One complete re-design allowed in a 5-year cycle Ø Driveshaft geometrical simplification for cost reasons

Suspension, Steering, Wheels & Tyres Ø Simplification of suspension Ø Ban of Hydraulic suspension Ø Simpler inboard systems (springs, dampers) and banning of inerters Ø Kinematic restrictions to resolve poorly regulated area outside of the wheel Ø Separation of suspension structures and their fairings Ø Larger wheels (18”) with standard supply Ø Retaining of tyre blankets at least for 2021 and 2022 (but lower cost) Ø Prescribed design hubs, nuts, wheel retention

Brake System Ø Bigger disks (from 278mm to 330mm) Ø Simpler disk geometry: fewer and larger diameter holes Ø Postponement of standard supply – not until 2023

Chassis & homologation Ø Larger internal cockpit dimensions to not penalise tall drivers Ø Increased side beam dimensions for side impact safety Ø Prescribed front floor structure to protect chassis on kerbs but also to stop teams from seeking an unfair advantage (flexy floors) Ø Combination of Articles 16, 17, 18 into a single Article for the homologation (Article 13)

Safety Improvements Ø Better debris containment in the event of an accident Research to contain debris by adding a rubber membrane within § some components Work to prevent whole front wing detaching from the car § Tethering of some rear components § Ø Increased frontal energy absorption (longer nose) Ø Increased side chassis strength & new more comprehensive side impact structure Ø Improved headrest & its attachment to the chassis Ø Consequential increase of wheel tethers due to larger wheel mass

Materials Ø Comprehensive re-write of materials’ regulations for primarily clarity and cost reasons Ø Cost reduction primarily achieved for metallic materials Ø Composite materials: largely status quo Ø Concept that materials must be commercially available

Components’ Classification Introduction of 5 categories of component classification for cost reasons Ø Listed Team Components (LTC): components made by each team Ø Standard Supply Components (SSC): single supplier via tender process Ø Prescribed Design Components (PDC): prescribed design – free supply Ø Transferable Components (TRC): components that may be transferred from one team to another Ø Open Source Components (OSC): components where designs are openly available to competitors Ø Detailed table of classification of components in Article 17 (NOTE: the regulations governing these components work closely with the corresponding Financial Regulations)

2021 Sporting Regulations Ø Reorganisation of Articles for clarity and consistency Ø Conceptually much closer to 2019 Sporting Regulations Ø Some key changes: Increase of number of races (maximum) to 25 • Compression of weekend format (4 days è 3 days) • Introduction of the “Reference Specification” for cost reasons • Power Unit dyno limitations • Reduction of Wind Tunnel and CFD simulations (ATR) •

2021 Financial Regulations Ø Objectives: • to promote the competitivebalanceand the sportingfairnessof the Championship • to ensure the long-term financial stability and sustainability of the F1 T eams whilepreserving the unique technology and engineering challenge ofF1 Ø Main GuidingPrinciples: • Cost Cap level set at a level that facilitate reduction in performance differentials maintaining unique technology and engineering challenge ofF1 • ensure freedom to spend for the F1 T eams within Cost Caplimit • ensure transparency, fairness and equality of treatment amongst all competitors • ensure realistic implementation timescale to enable F1 T eams to adjust operating structures and reporting processes • reference to internationally recognized accounting, auditing standards and best practices

2021 Financial Regulations Ø Cost Cap level set at 175 M$ for 21 races, +/- 1 M$ for each race above or below21 Ø Consistency with Technical and Sporting Regulations Ø Relevant costs for Cost Cap purpose determined after calculation of cost exclusion and cost adjustments Ø Most relevant exclusions refer to: Marketing costs Depreciation and amortization • Drivers costs Non F1 activities costs • Heritage Assets costs FIA entry fee and drivers’ super-license costs • Year end bonuses Three highest Paid Persons costs • Ø Most relevant adjustments refer to: Related parties transactions Supply of Transferrable components • Research & Development Capital expenditures (36 M$ in four years) •

2021 Financial Regulations • Implementation timeline is planned as follows: • Until December 2019: Finalization of FIA F1 Financial Regulations framework (ie. Guidance, Implementation procedures, Templates) • June 30, 2020: Option to submit 2019 financial data on a voluntary basis even if not specifically provided for by the FIA F1 Financial Regulations (Voluntary dry-run) • March 31, 2021: Voluntary submission of 2020 financial data without application of any financial or sporting penalties (Soft Implementation as provided by FIA F1 Financial Regulations) • March 31,2022: Mandatory submission of 2021 financial data with application of financial and sporting penalties in case of procedural and/or financial (minor/material) breaches (First year Implementation)