BREMBO. more than brakes

Transcription

1 BREMBO more than brakes

2 Brembo at a glance Sustainable growth Q results

3 Brembo at a glance World leader in luxury and top of the range automotive applications Passengers Cars: Top 10% of world production

4 Brembo at a glance Motorcycle: Powered two wheels >500 cc.

5 Brembo at a glance Commercial vehicles: light and medium trucks up to 6.5 tons

6 Brembo at a glance Racing : 100% top teams equipped with group products

7 Brembo at a glance Aftermarket: the widest range of product offered

8 Brembo at a glance State of the art technology

9 Brembo at a glance A unique selling proposition: Style Service Performance

10 Focused on market

11 with a global attitude Over 4,400 employees are working for Brembo Paris, in th May plants, countries, 3 continents

12 Strategy: the results tell the story Millions of

13 Brembo at a glance Sustainable growth Q results

14 Sustainable growth Growing with the right partner Increasing importance of Original Equipment vs. After Market

15 Sustainable growth Passenger cars Range Rover Sport Jeep Gran Cherokee SRT8 Alfa 159 Renault Sport VW Touareg Audi Q7 Alfa Brera

16 Sustainable growth Comm. vehicles Workhorse Motorhome Mercedes Sprinter Mitsubishi Canter Mercedes Vito

17 Sustainable growth Motorcycles Harley D. - Night Rod Harley D. - V Rod Harley D. - Street Rod

18 Sustainable growth Racing Nascar Ferrari Challenge

19 Sustainable growth The efficiency road Poland : new foundry and machining plant Opening ceremony : 20 February 2006 Ramp-up until July 2006; full capacity: Jan (depending on speed of parts homologation) Total investment : 45 million Expected sales : million

20 Sustainable growth The efficiency road Italy : Restructuring of disc production plants Maintenance and transfer of machines by end 2006 (3 to 6 months delay compared to the original time schedule due to high demand). New machining plant integrated with existing foundry: SoP July 2006, full capacity end 2006.

21 Sustainable growth Getting ready for the future India : 50/50 JV with Bosch Start of activity of the JV: 4 February 2006 Total investment: 6.5 million JV not consolidated Location: Pune (Bombay) Applications: motorcycles

22 Sustainable growth Getting ready for the future China : greenfield plant Total investment: 15 million JV with SIMEST as financial partner Expected sales: 20 million (2008) Location: Beijing Application: pass. cars and light commercial vehicles

23 Sustainable growth M & A Looking for : New compentencies and know-how Economies of scale

24 Brembo at a glance Sustainable growth Q results

25 Sales growth Q Q1 05 Mln Q , % Forex Business Scope +2.0% +12.2% / Vol/Mix % Prices -0.9 %

26 Gross sales business segment Q Car +11.8% Motorbike +15.4% Comm.vehicle +10.9% Racing +28.4% Total %

27 Cost structure evolution % of sales Q1 06 Q1 05 Sales ( mio) Personnel expenses 20.0% 20.0% Cost of goods sold 65.1% 64.8% EBITDA 14.9% 15.2%

28 % 16% 14% 12% 10% 8% EBITDA margin evolution Q % 0.9% 1.0% 0.3% 15.2% 14.9% Ebitda Q105 Selling Prices Raw Materials Vol/Mix Operations Ebitda Q106

29 Cost structure evolution % of sales Q1 06 Q1 05 D&A 4.4% 5.4% EBIT 10.5% 9.8% Financial charges (1.3%) (1.3%) Tax rate 39.2% 38.4% Net income 5.4% 5.2%

30 Cash-flow Q millions NFP 31/12/05 Ebitda Investments NWC Fin. Charges + tax NFP 31/3/06

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