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BREMBO

BREMBO. more than brakes. Brembo at a glance Q1 2008 results. Brembo at a glance. World leader in luxury and top-of-range automotive applications. R&D and innovation: a key to long-term success. Unique selling

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BREMBO

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  1. BREMBO more than brakes

  2. Brembo at a glance • Q1 2008 results

  3. Brembo at a glance World leader in luxury and top-of-range automotive applications R&D and innovation: a key to long-term success Unique selling proposition: Fully integrated industrial process from foundries to assembly performance comfort style State of the art technology

  4. Pocket-sized multinational with a global manufacturing footprint Over 5.700 employees are working for Brembo in 13 countries in 28 plants; nearly 9% of them work in R&D and technical areas

  5. Sustainable growth of revenues and margins despite a challenging cost scenario Salesgrowth EBITDA margin growth € Million € Million * ItalianGaap

  6. Global geographic distribution, anti-cyclical portfolio Salesbyarea (FY 2007) Salesbyapplication (FY 2007)

  7. Brembo at a glance • Q1 2008 results

  8. € million 1Q 08 1Q 07 % sales % sales % 08/07 Sales 273.2 229.3 100% 100% 19.1% EBITDA 40.0 33.4 14.6% 14.6% 19.6% D&A -14.1 -10.8 5.2% 4.7% 30.9% EBIT 25.9 22.7 9.5% 9.9% 14.3% Financial charges -3.7 -3.0 1.4% 1.3% 23.1% Taxes -6.7 -6.8 2.5% 3.0% -1.3% Tax rate 30.3% 34.7% Net Profit 15.7 12.6 5.7% 5.5% 24.7% Q1 08– Goodgrowthofrevenues and margins

  9. Q1 08– Revenuesdrivenbyorganic and externalgrowth; like-for-like +10.4% € Mio 16.0 USA 2.1 Sabelt 1.9 Spain

  10. Q1 08 sales – Verygood Nafta, Asia and Brazil + 12.6% € Mio + 0.2% +101.2% + 8.4% +6% -5% +80% +46.2% ITALY GERMANY FRANCE U.K. OTHER EU NAFTA JAPAN BRAZIL

  11. Q1 08 sales – Growthdrivenby Commercial Vehicles and Motorcycles; racingflat due tocurrency impact € Mio + 17.3% + 33.3% + 28.5% -1.6%

  12. Q1 08 Sales - Segment and customergrowth mix € Mio +19.1%

  13. € million 1Q 08 1Q 07 % sales % sales % 08/07 Sales 273.2 229.3 100% 100% 19.1% EBITDA 40.0 33.4 14.6% 14.6% 19.6% D&A -14.1 -10.8 5.2% 4.7% 30.9% EBIT 25.9 22.7 9.5% 9.9% 14.3% Financial charges -3.7 -3.0 1.4% 1.3% 23.1% Taxes -6.7 -6.8 2.5% 3.0% -1.3% Tax rate 30.3% 34.7% Net Profit 15.7 12.6 5.7% 5.5% 24.7% Income Statement

  14. Q1 08 EBITDA marginevolution € Mio

  15. € million 1Q 08 1Q 07 % sales % sales % 08/07 Sales 273.2 229.3 100% 100% 19.1% EBITDA 40.0 33.4 14.6% 14.6% 19.6% EBIT 25.9 22.7 9.5% 9.9% 14.3% Financial charges -3.7 -3.0 1.4% 1.3% 23.1% Taxes -6.7 -6.8 2.5% 3.0% -1.3% Tax rate 30.3% 34.7% Net Profit 15.7 12.6 5.7% 5.5% 24.7% Income Statement

  16. D 08/07 1Q 08 1Q 07 € Million Net financial charges 3.7 3.1 0.6 Financial charges 3.5 2.5 1.0 Average net debt 259.5 196.2 63.3 Net debt cost 5.5% 5.1% Net exchange rate differences 0.2 0.6 -0.4 Q1 08 – Financial Charges

  17. A sustainable growth path does not impact a sound financial profile… € Mio NET DEBT 31.12.07 EBITDA NET CAPEX SABELT ACQUISITION NWC BUY-BACK FIN. CH. & TAX NET DEBT 31.3.08

  18. € Million 31.12.2007 31.12.2006 31.12.2005 ROI 15.4% 16.2% 15.9% ROE 20.0% 16.3% 17.3% Gearing 74.8% 71.4% 79.8% Net debt/EBITDA 1.7 1.6 1.7 EBITDA/Fin. charges 13.9 12.7 17.7 EBIT/Fin. charges 9.0 8.5 11.6 Fin. charges/Net revenues 1.1% 1.2% 0.9% Main financial ratios

  19. Thank you for your attention 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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