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1 PARIS, OCTOBER 11th

SOGEFI GROUP 1 March 27 & 28 2012

SOGEFI GROUP

Milan, March 27th&28th 2012

GROUP PRESENTATION



SOGEFI GROUP

Sogefi is a world leader in the design and manufacturing of engine filtration, air intake and cooling systems and suspension vehicle technologies

Sogefi owns a fully integrated industrial process – from engineering to manufacturing to assembly – that guarantees the best quality and improvement of product performance

Innovation drives each of Sogefi’s core businesses.

WORLD LEADER



SOGEFI GROUP

• THE RECENTLY ACQUIRED SYSTEMS MOTEURS GROUP IS CONSOLIDATED FROM AUGUST 1ST 2011

• REVENUES GROWS 25.3% (+10.4% AT CONSTANT

PERIMETER)

• THE CONFIRMED ABILITY TO TRANSFER TO THE CUSTOMERS MOST OF THE MATERIAL COST INCREASE AND TO KEEP STRUCTURAL COSTS UNDER CONTROL BRINGS THE OPERATING PROFIT IN 2011 AT 7.7% (7.3 IN 2010)

• DIVIDEND DISTRIBUTION IS CONFIRMED AT 15 MILLION EURO.

• NET INDEBTNESS IN 2011 IS LIMITED TO 300 MILLIONS EURO AFTER THE ACQUISITION OF SYSTEMES MOTEURS AND THE DIVIDEND PAYMENT

WHAT WE HAVE ACHIEVED

IN 2011



SOGEFI GROUP

• BECOME A SUPPLIER OF INTEGRATED

ENGINE AIR SYSTEMS

• ENTRY IN THE ENGINE COOLING

MANAGEMENT

• INCREASE MARKET SHARE AMONG PREMIUM

CAR MANUFACTURERS

• GROWTH IN NAFTA MARKET

STRATEGIC GUIDELINES

SYSTEMES MOTEURS

ACQUISITION



SOGEFI GROUP

ENGINE SYSTEMS

AIR INTAKE & COOLING SYSTEMS

Sogefi Group can provide to car manufacturers sub-assemblies and complete modules with high added value in the areas of air intake and cooling



SOGEFI GROUP

A SOLID COMPETITIVE

POSITION

ENGINE SYSTEMS DIVISION

THIRD LARGEST PRODUCER IN EUROPE

SOUTH AMERICAN LEADERSHIP

EUROPEAN AND SOUTH AMERICAN LEADERSHIP IN THE REPLACEMENT MARKET

PREMIUM IAM BRANDS:

BIOFUEL FILTRATION TECHNOLOGY

EXPANDING PRODUCTS PORTFOLIO THROUGH INNOVATION



SOGEFI GROUP

A SOLID COMPETITIVE

POSITION

SECOND LARGEST WORLDWIDE PRODUCER

EUROPEAN AND SOUTH AMERICAN LEADERSHIP

HIGH VALUE PRODUCTS: STABILINKS, HIGH SPEED TRAIN PARTS, ESCAVATORS TRACK ADJUSTERS, PRECISION SPRINGS

LEADERSHIP IN TECHNOLOGY AND INNOVATION (SOLID AND TUBOLAR BARS, COLD AND WARM SPRING PROCESS TECHNOLOGIES, COMPOSITE SPRINGS)

EXPANDING PRODUCTS PORTFOLIO THROUGH INNOVATION

SUSPENSION COMPONENTS DIVISION



SOGEFI GROUP

44 PRODUCTION SITES 16 COUNTRIES 5 CONTINENTS

Plants in North America

Plants in South America

Plants in Africa

Plants in Asia

1 USA

1 CANADA

1 MEXICO

2 ARGENTINA

4 BRAZIL

4 UK

13 FRANCE

3 SPAIN

1 EGYPT

2 CHINA

3 INDIA

3 ITALY

Plants in Europe

1 NETHERLANDS

1 SLOVENIA

3 GERMANY

1 ROMANIA

SOGEFI IN THE WORLD



SOGEFI GROUP

Sales in Mio €

Working people at 31st December 2011: 6,954 worldwide

SALES & EMPLOYEES

PROFORMA



SOGEFI GROUP

2011 2010

49.8%

50.2%

47.2%

52.8%

TOTAL

Suspension Components € 546.6 Mio

Engine Systems € 611.8 Mio

€ 1,158.4 Mio

Suspension Components € 460.7 Mio

Engine Systems € 464.0 Mio

€ 924.7 Mio TOTAL

2011 REVENUES

BY DIVISION



SOGEFI GROUP

2011 REVENUES ANALYSIS

BY SEGMENT



SOGEFI GROUP


BY CUSTOMER



SOGEFI GROUP


BY MARKET



SOGEFI GROUP

Mio Euro

% on revenues

FINANCIAL HIGHLIGHTS

OPERATING RESULT EBITDA

EBIT NET INDEBTNESS

88

34

68

89

8.6%

4.3% 7.3%

7.7%

0

20

40

60

80

100

2008 2009 2010 2011

105

47

87

108

10.3%

6.0% 9.4%

9.3%

0

20

40

60

80

100

120

2008 2009 2010 2011

62

5

42

60

6.1%

0.6%

4.5% 5.1%

0

20

40

60

80

2008 2009 2010 2011

257

170 165

300

0

50

100

150

200

250

300

350

2008 2009 2010 2011



SOGEFI GROUP

MARKET FORECASTS

LIGHT VEHICLES PRODUCTION FORECASTS - BY MAIN AREAS

+ 7,4%+ 5,8%+ 7,3%

+ 9,2%+ 17,7% + 4,7% - 2,2% + 12,1% + 4,4%

+ 7,7%

- 3,1% - 1,5%

- 16,3%

- 31,9%

+ 39,1%+ 10,3%

+ 9,6%+ 5,7%

+ 7,4%+ 5,0%

+ 1,1%+ 5,5%

- 6,9%

- 15,6%

+ 11,1% + 1,5%

- 7,1%+ 4,7%

+ 6,6%+ 2,6%+ 2,7%

+ 6,7%- 4,8%

- 20,6%

+ 15,3%+ 4,4%

- 7,6% + 5,0%+ 6,7%

+ 3,4%+ 8,9%

+ 8,3% + 1,5% + 0,9%

+ 28,2% - 0,7%

+ 10,0%

+ 5,7%

+ 6,5%

+ 5,1%

0

10 000 000

20 000 000

30 000 000

40 000 000

50 000 000

SOUTH AMERICA 2 804 066 3 063 152 3 604 207 3 773 851 3 690 151 4 135 230 4 316 197 4 649 434 4 989 669 5 277 658 5 665 750

NORTH AMERICA 15 745 879 15 265 428 15 030 011 12 586 729 8 565 907 11 911 852 13 134 978 14 391 270 15 204 417 16 324 686 17 136 632

EU 27 17 931 437 18 136 930 19 138 560 17 819 937 15 032 913 16 698 256 16 940 717 15 745 799 16 489 710 17 584 079 18 034 485

TOTAL EUROPE 20 342 007 20 894 689 22 287 835 21 209 183 16 845 636 19 426 400 20 282 152 18 731 305 19 676 387 20 986 527 21 692 655

ASIA 23 971 116 26 105 715 28 269 675 28 694 382 28 962 075 37 139 022 36 874 635 40 557 925 42 881 253 45 679 094 48 021 980

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

% / previous year



SOGEFI GROUP

PRESENCE

IN BOTH BUSINESS LINES

Prichard

(West Virginia, USA)

engine + suspensions

3 plants in engine systems

1 plant in suspensions

CUSTOMERS

Montreal

(Canada)

Monterrey

(Mexico)

NAFTA



SOGEFI GROUP

NAFTA

IN A BULLISH 2012 MARKET, SOGEFI WILL LEVERAGE ON:

• SYSTEMES MOTEURS GROWING MARKET SHARES THROUGH ORDER PORTFOLIO STARTING PRODUCTION

• GROWING FLUID FILTRATION SALES

• WELL ESTABLISHED COMMERCIAL RELATIONS BY SYSTEMS MOTEURS WITH U.S. OEM

SOGEFI IS CONSIDERING TO RE-START SUSPENSION COMPONENTS PRODUCTION IN USA IN LATE 2012.



SOGEFI GROUP

MARKET LEADER


Gravatai

Sao Bernardo

do Campo

Mateus

Leme

Mogi

Mirim

40%

Market

Share

CUSTOMERS

BRAZIL



SOGEFI GROUP

CUSTOMERS

PRESENCE


starting 2009 in filters and

2010 in suspensions

3 plants (in jv with Indian

partners)

Pune

A GROWING PRESENCE

Bangalore

Faridabad

INDIA



SOGEFI GROUP

CUSTOMERS

PRESENCE


starting 1996 in suspensions and 2006 in filters

3 plants (1 in jv with the Dong

Feng Group)

2 new plants in construction

(Engine Systems and

Suspensions) in Wuijiang

Shanghai

A GROWING PRESENCE

CHINA



SOGEFI GROUP

SOGEFI ESTABLISHED IN 2010 A FOCUSED DIVISION FOR ITS AFTERMARKET BUSINESS, WITH RENEWED MANAGEMENT

THE MAIN 2011 ACHIEVEMENTS ARE:

• BRAND REDUCTION: CONCENTRATE SOGEFI OFFERING ON THREE MAIN BRANDS, WITH IMPROVED OVERALL POSITIONING, RECOGNITION AND PENETRATION POTENTIAL

• STOCK LOCATIONS IN EUROPE: REDUCED FROM 7 TO 3, IMPROVING LOGISTIC COSTS AND CAPITAL EMPLOYED

AFTERMARKET



SOGEFI GROUP

AFTERMARKET

INCREASE SOURCING FROM LOW COST COUNTRIES TO IMPROVE COST COMPETITIVENESS

THE EUROPEAN AFTERMARKET IN 2012 WILL CONTINUE ITS TREND OF LOWERING MILEAGE BY USERS

SOGEFI AIMS AT COUNTERBALANCING THE EUROPEAN MARKET SCENARIO WITH ITS IMPROVED COMPETITIVENESS



SOGEFI GROUP

• SOGEFI LAUNCHED IN THE MARKET THE INDUSTRY’S FIRST COIL SPRINGS WITH COMPOSITE MATERIAL FOR PASSENGER VEHICLE AND LIGHT COMMERCIAL VEHICLE IN MARCH 2012

• FIBERGLASS REINFORCED PLASTIC (FRP) COIL SPRINGS ALSO RESPOND TO CUSTOMERS’ EMISSION REDUCTION TARGETS :

- FROM -40% TO -70% WEIGHT REDUCTION

- HIGHER DURABILITY

- IMPROVED COMFORT

- INCREASED SAFETY

• FRP COIL SPRINGS ARE ALSO 100% ENVIRONMENTALLY-FRIENDLY:

– NO HEAT TREATMENT

– REDUCTION OF CO2 EMISSIONS

– FEWER STEPS IN PROCESS

– NO SURFACE TREATMENT

COMPOSITE COIL SPRINGS

INNOVATION



SOGEFI GROUP

• AUDI WAS THE FIRST MANUFACTURER TO ACCEPT SOGEFI’S REVOLUTIONARY FRP COIL SPRINGS. FOLLOWING JOINT DEVELOPMENT WORK THE FRP COIL SPRINGS HAVE BEEN ADAPTED TO AUDI’S REQUIREMENTS AND WILL FIND USE IN AN UPCOMING MODEL

• AUDI ANNOUNCED ITS PLAN TO INTRODUCE THE COMPOSITE COIL SPRINGS STEP BY STEP IN GREATER VOLUME FOR AUDI MIDSIZE AND LARGE LUXURY MODELS

• SOGEFI IS ALSO DEVELOPING STABILIZER BARS FOR COMMERCIAL VEHICLES APPLICATIONS IN COMPOSITE MATERIALS

COMPOSITE COIL SPRINGS

INNOVATION



SOGEFI GROUP

• INTEGRATION IN THE MUFFLER

• SERVICEABLE

• AVOIDS COMPLEX AND UNRELIABLE REGENERATION SYSTEMS

PARTICULATE FILTER

DISPOSABLE

EXHAUST PARTICULATE FILTER



SOGEFI GROUP

www.sogefigroup.com

• This document has been prepared by SOGEFI S.p.A. for information purposes only and for use in

presentations of the Group’s results and strategies.

• For further details on the SOGEFI Group, reference should be made to publicly available information,

including the Annual Report, the Semi-Annual and Quarterly Reports.

• Statements contained in this document, particularly the ones regarding any SOGEFI Group possible or

assumed future performance, are or may be forward looking statements and in this respect they involve

some risks and uncertainties.

• Any reference to past performance of the SOGEFI Group shall not be taken as an indication of future

performance.

• This document does not constitute an offer or invitation to purchase or subscribe for any shares and no

part of it shall form the basis of or be relied upon in connection with any contract or commitment

whatsoever.

DISCLAIMER

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