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BREMBOmore than brakes
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Brembo at a glance
Sustainable growth
Preliminary FY 2005 results
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Brembo at a glance
FOCUSFOCUSIndustrialDivision
CEOFinance
Communi-cation
Marketing
Corporate
BuPassenger
Car
BuCommercial
Vehicles
BuMotorbike
BuRacing
BuAfter
Market
Business
Development
R&D
I.C.T.
PurchasingDG ProcessTech Syst
Quality
& Env.Hum
anR
eso u
rce s
IndustrialDivision
CEOFinance
Communi-cation
Marketing
Corporate
BuPassenger
Car
BuCommercial
Vehicles
BuMotorbike
BuRacing
BuAfter
Market
Business
Development
R&D
I.C.T.
PurchasingDG ProcessTech Syst
Quality
& Env.Hum
anR
eso u
rce s
INNOVATIONINNOVATION
Racing7%
Miscell.1%
Pass.Cars65%
Motorcycle12%
Comm.Vehicle15%
FLEXIBILITYFLEXIBILITY
"Str
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Milano, 1st March 2006
• A unique selling proposition: style, performance, service
Brembo at a glance
• World leader in luxury and top of the range automotive applications
• State of the art technology
"Str
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Brembo at a glance
Sustainable growth
Preliminary FY 2005 results
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Sustainable growth
• Increasing importance of Original Equipment vs. After Market
• Growing with the right partner
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Sustainable growth – Passenger carsRange RoverSport
VW Touareg
Renault Sport
Alfa 159
Alfa Brera
Audi Q7
Jeep Gran CherokeeSRT8
"Str
ictly
Conf
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Sustainable growth – Comm. vehicles
Workhorse Motorhome
Mitsubishi Canter
MercedesVito
Mercedes Sprinter
"Str
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Conf
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Sustainable growth – Motorcycles
Harley D. - Night Rod
Harley D. - Street Rod
Harley D. - V Rod
"Str
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Conf
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Sustainable growth – Racing
Nascar
Ferrari Challenge
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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
"Str
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Conf
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Italy : Restructuring of disc production plants progressing as planned
• Maintenance and transfer of machines by end June 2006
• New machining plant integrated with existing foundry: SoP July 2006
Sustainable growth – The efficiency road
"Str
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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
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Sustainable growth – Getting ready for the future
China : greenfield plant
• Total investment: € 15 million
• JV with SIMEST as financial partner
• Expected sales: € 20 million (from 2008)
• Location: Beijing
• Application: pass. cars and light commercial vehicles
"Str
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Conf
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Sustainable growth – M & A
Looking for :
• New compentencies and know-how
• Economies of scale
"Str
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Brembo at a glance
Sustainable growth
Preliminary FY 2005 results
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Conf
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Gross sales business segment – FY 2005
Comm.vehicle
Car +3.8%
+2.8%
Total + 4.9%
+11.4%
Racing +11.8%
Motorbike
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Cost structure evolution
% of sales FY 05
Personnel expenses
Cost of goods sold
EBITDA
FY 04711.5Sales (€ mio)
Sales growth
678.2
+4.9%
19.6% 19.6%
65.8% 66.2%
15.8% 16.4%
+7.0%
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EBITDA margin evolutionFY 05
15.8%16.4%
0.9%0.4%
0.6%0.7%
8%
10%
12%
14%
16%
18%
20%
EBITDA FY 04
IAS 38 (R
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RAW MAT'L
VOLUME / M
IX
INDUSTRIA
L PLA
N
EBITDA FY 05
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EBITDA margin evolution4Q 05
1%
1.6%0.8%
1.1%
17.6%16.2%
0.9%
8%
10%
12%
14%
16%
18%
20%
22%
24%
EBITDA 4Q
04
IAS 38 (R
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RAW M
AT'L
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AIN
INDUSTRIAL P
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Cost structure evolution
% of sales FY 05
D&A 5.4%
Financial charges (0.9%)
EBIT
FY 04
6.0%
10.4% 10.3%
Net income 5.7% 5.8%
(0.6%)
Tax rate 37.9% 37.4%
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142.7
192.9
6.431.1
20.612.0
92.1112.1
0
50
100
150
200
250
NFP 31/1
2/04
Ebitda
Investi
ments
NWC
Dividen
dsFinan
cial C
harges Tax
NFP 31/12
/05
Cash-flow FY 2005
€ millions