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"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well.

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Presentation on theme: ""Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well."— Presentation transcript:

1 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 BREMBO more than brakes

2 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Brembo at a glance Q results

3 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Brembo at a glance Fully integrated industrial process from foundries to assembly State of the art technology performance comfort style Unique selling proposition: World leader in luxury and top-of-range automotive applications R&D and innovation: a key to long-term success

4 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Pocket-sized multinational with a global manufacturing footprint Over employees are working for Brembo in 13 countries in 28 plants; nearly 9% of them work in R&D and technical areas

5 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Sustainable growth of revenues and margins despite a challenging cost scenario € Million* Italian Gaap€ Million Sales growth EBITDA margin growth

6 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Global geographic distribution, anti-cyclical portfolio Sales by area (FY 2007) Sales by application (FY 2007)

7 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Brembo at a glance Q results

8 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Q1 08– Good growth of revenues and margins € million1Q 08 % sales 1Q 07 % sales% 08/07 Sales % %19.1% EBITDA % %19.6% D&A % %30.9% EBIT % %14.3% Financial charges % %23.1% Taxes % %-1.3% Tax rate 30.3%34.7% Net Profit % %24.7%

9 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Q1 08– Revenues driven by organic and external growth; like-for-like +10.4% € Mio 16.0 USA 2.1 Sabelt 1.9 Spain

10 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Q1 08 sales – Very good Nafta, Asia and Brazil ITALY + 0.2% +80% -5% +6% + 8.4% % +46.2% % GERMANYFRANCEU.K.OTHER EUNAFTAJAPANBRAZIL € Mio

11 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Q1 08 sales – Growth driven by Commercial Vehicles and Motorcycles; racing flat due to currency impact % % -1.6% % € Mio

12 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Q1 08 Sales - Segment and customer growth mix +19.1% € Mio

13 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Income Statement € million1Q 08 % sales 1Q 07 % sales% 08/07 Sales % %19.1% EBITDA % %19.6% D&A % %30.9% EBIT % %14.3% Financial charges % %23.1% Taxes % %-1.3% Tax rate 30.3%34.7% Net Profit % %24.7%

14 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Q1 08 EBITDA margin evolution € Mio

15 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Income Statement € million1Q 08 % sales 1Q 07 % sales% 08/07 Sales % %19.1% EBITDA % %19.6% EBIT % %14.3% Financial charges % %23.1% Taxes % %-1.3% Tax rate 30.3%34.7% Net Profit % %24.7%

16 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Q1 08 – Financial Charges € Million 1Q 081Q 07  08/07 Net financial charges Financial charges Average net debt Net debt cost5.5%5.1% Net exchange rate differences

17 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 A sustainable growth path does not impact a sound financial profile… NET DEBT NET CAPEXNWCBUY-BACKSABELT ACQUISITION NET DEBT € Mio EBITDA FIN. CH. & TAX

18 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 Main financial ratios € Million ROI15.4%16.2%15.9% ROE20.0%16.3%17.3% Gearing74.8%71.4%79.8% Net debt/EBITDA EBITDA/Fin. charges EBIT/Fin. charges Fin. charges/Net revenues1.1%1.2%0.9%

19 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal. under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Milan, May 20 th 2008 DECLARATION The manager responsible for preparing the company’s financial reports CORRADO ORSI declares. pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance. that the accounting information contained in this presentation corresponds to the document results. books and accounting records.


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