BREMBO more than brakes
Brembo at a glance Sustainable growth Q1 2006 results
Brembo at a glance World leader in luxury and top of the range automotive applications Passengers Cars: Top 10% of world production
Brembo at a glance Motorcycle: Powered two wheels >500 cc.
Brembo at a glance Commercial vehicles: light and medium trucks up to 6.5 tons
Brembo at a glance Racing : 100% top teams equipped with group products
Brembo at a glance Aftermarket: the widest range of product offered
Brembo at a glance State of the art technology
Brembo at a glance A unique selling proposition: Style Service Performance
Focused on market
with a global attitude Over 4,400 employees are working for Brembo Paris, in 16 16 th May plants, 2006 9 countries, 3 continents
800 600 400 200 0 Strategy: the results tell the story 712 678 634 566 530 454 353 297 243 181 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Millions of
Brembo at a glance Sustainable growth Q1 2006 results
Sustainable growth Growing with the right partner Increasing importance of Original Equipment vs. After Market
Sustainable growth Passenger cars Range Rover Sport Jeep Gran Cherokee SRT8 Alfa 159 Renault Sport VW Touareg Audi Q7 Alfa Brera
Sustainable growth Comm. vehicles Workhorse Motorhome Mercedes Sprinter Mitsubishi Canter Mercedes Vito
Sustainable growth Motorcycles Harley D. - Night Rod Harley D. - V Rod Harley D. - Street Rod
Sustainable growth Racing Nascar Ferrari Challenge
Sustainable growth The efficiency road Poland : new foundry and machining plant Opening ceremony : 20 February 2006 Ramp-up until July 2006; full capacity: Jan. 2007 (depending on speed of parts homologation) Total investment : 45 million Expected sales : 120-130 million
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.
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
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
Sustainable growth M & A Looking for : New compentencies and know-how Economies of scale
Brembo at a glance Sustainable growth Q1 2006 results
Sales growth Q1 2006 Q1 05 Mln Q1 06 176.4 201.5 + 25,1 + 14.2% Forex Business Scope +2.0% +12.2% / Vol/Mix + 13.1% Prices -0.9 %
Gross sales business segment Q1 2006 Car +11.8% Motorbike +15.4% Comm.vehicle +10.9% Racing +28.4% Total + 14.2%
Cost structure evolution % of sales Q1 06 Q1 05 Sales ( mio) 201.5 176.4 Personnel expenses 20.0% 20.0% Cost of goods sold 65.1% 64.8% EBITDA 14.9% 15.2%
1 2 3 4 5 6 18% 16% 14% 12% 10% 8% EBITDA margin evolution Q1 06 2.0% 0.9% 1.0% 0.3% 15.2% 14.9% Ebitda Q105 Selling Prices Raw Materials Vol/Mix Operations Ebitda Q106
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%
220 200 180 160 140 120 9.1 28.0 30.0 22.1 193.1 222.3 100 Cash-flow Q1 2006 millions NFP 31/12/05 Ebitda Investments NWC Fin. Charges + tax NFP 31/3/06