Assemblea degli Azionisti 2015 - Brembo · 2 brembo / 23 Aprile 2015 "Strictly Confidential. ©...

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Assemblea degli Azionisti 2015 Stezzano, 23 April 2015

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 2

Agenda

• RISULTATI FY 2014

• MERCATI

• NUOVI INVESTIMENTI

• IL TITOLO BREMBO

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Risultati FY 2014 Sintesi del Conto Economico Consolidato

3

Milioni di € FY 14 % sales FY 13 % sales % 14/13

Ricavi 1.803,3 100% 1.566,1 100% 15,1%

EBITDA 279,8 15,5% 213,5 13,6% 31,1%

Ammortamenti (101,4) 5,6% (90,7) 5,8% 11,8%

EBIT 178,4 9,9% 122,8 7,8% 45,3%

Oneri finanziari netti (13,5) 0,8% (18,5) 1,2% -26,7%

Imposte (36,2) 2,0% (15,3) 1,0% 137,1%

Tax rate -22,0% -14,6%

RISULTATO NETTO 129,1 7,2% 89,0 5,7% 45,0%

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Ricavi FY 2014 (Analisi variazione ricavi - Milioni di €)

4

US $, Brazil. Real,

Argentine Peso

Indian Rupee

Chinese Rmb

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 5

Ricavi FY 2014 (Milioni di € - Contributo % dei business)

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Ricavi 2014 per applicazione

Al netto

effetto cambi:

+ 16.4%

+18,6% +15,5% -2,2% +9,2%

6

(€ Mio)

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 7

Milioni di € FY 14 % sales FY 13 % sales % 14/13

Ricavi 1.803,3 100% 1.566,1 100% 15,1%

EBITDA 279,8 15,5% 213,5 13,6% 31,1%

Ammortamenti (101,4) 5,6% (90,7) 5,8% 11,8%

EBIT 178,4 9,9% 122,8 7,8% 45,3%

Oneri finanziari netti (13,5) 0,8% (18,5) 1,2% -26,7%

Imposte (36,2) 2,0% (15,3) 1,0% 137,1%

Tax rate -22,0% -14,6%

RISULTATO NETTO 129,1 7,2% 89,0 5,7% 45,0%

Risultati FY 2014 Sintesi del Conto Economico Consolidato

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

EBITDA FY 2014 (€ Mio)

8

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 9

Milioni di € FY 14 % sales FY 13 % sales % 14/13

Ricavi 1.803,3 100% 1.566,1 100% 15,1%

EBITDA 279,8 15,5% 213,5 13,6% 31,1%

Ammortamenti (101,4) 5,6% (90,7) 5,8% 11,8%

EBIT 178,4 9,9% 122,8 7,8% 45,3%

Oneri finanziari netti (13,5) 0,8% (18,5) 1,2% -26,7%

Imposte (36,2) 2,0% (15,3) 1,0% 137,1%

Tax rate -22,0% -14,6%

RISULTATO NETTO 129,1 7,2% 89,0 5,7% 45,0%

Risultati FY 2014 Sintesi del Conto Economico Consolidato

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Oneri Finanzari

10

Milioni di € 31.12.14 31.12.13 Δ 14/13

(A) Oneri finanziari netti (12,7) (11,2) (1,5)

Differenze cambio nette (1,0) (7,3) 6,3

Oneri finanziari da partecipazioni 0,1 (0,0) 0,1

Oneri finanziari netti totali (13,5) (18,5) 4,9

(B) Altri proventi/oneri finanziari 0,7 2,1 (1,3)

(A-B) Oneri finanziari netti (13,4) (13,3) (0,1)

Costo dell'indebitamento 2,7% 3,4%

Ricavi 1.803,3 1.566,1 237,2

Oneri fin. netti (A)/ Ricavi -0,7% -0,7%

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Tax Rate

11

Milioni di € FY 14 FY 13

Imposte correnti 42,7 22,3

Imposte differite (6,5) (7,0)

Totale imposte 36,2 15,3

Pre-tax profit 164,9 104,4

Tax rate -22,0% -14,6%

DTA Rep. Ceca 5,2 0,0

DTA Polonia 3,6 13,0

Altro (0,4) 3,0

Totale imposte teoriche 44,6 31,3

Tax rate esclusi effetti straordinari -27,0% -30,0%

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Posizione Finanziaria Netta (€ Mio)

12

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Composizione Indebitamento

13

Milioni di € 31.12.2014 31.12.2013 D 14/13

Attività finanziarie correnti 216,2 116,1 100,1

Passività finanziarie correnti 209,3 177,3 31,9

Indebitamento fin. netto a breve (6,9) 61,3 (68,2)

Attività finanziarie a M/L 0,0 0,0 0,0

Passività finanziarie a M/L 277,3 259,2 18,1

Indebitamento fin. netto a lungo 277,3 259,2 18,1

INDEBITAMENTO FIN. NETTO 270,4 320,5 (50,1)

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

19.1%

14

Struttura del Debito

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Struttura Patrimoniale

15

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Principali Indicatori

16

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 17

Agenda

• RISULTATI FY 2014

• MERCATI

• NUOVI INVESTIMENTI

• IL TITOLO BREMBO

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

312,1 372,8

463,1

2012 2013 2014

+ 24,2%

18

+19,4%

Ricavi per area geografica

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

329,6 376,0

432,8

2012 2013 2014

+ 15,1%

19

+ 14,1%

Ricavi per area geografica

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

207.7 212.1

242.1

2012 2013 2014

+14,2%

20

+2,1%

Ricavi per area geografica

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

100,6 114,7

144,6

2012 2013 2014

+ 26,1%

21

+ 14,1%

Ricavi per area geografica

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

58,2

69,7

81,9

2012 2013 2014

+17,4%

22

+19,9%

Ricavi per area geografica

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

164,0

173,1

180,7

2012 2013 2014

+4,4%

23

+5,5%

Ricavi per area geografica

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

88,3 89,2

79,1

2012 2013 2014

-11,3%

24

+1,0%

S/AMERICA

Ricavi per area geografica

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

34,0 35,2

41,0

2012 2013 2014

+16,6%

25

+3,5%

Ricavi per area geografica

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

59,9

81,3

93,1

2012 2013 2014

+14,6%

26

+35,8%

Ricavi per area geografica

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

19,6

21,8

23,2

2012 2013 2014

+6, 6%

27

+ 11,0%

Ricavi per area geografica

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 28

Ricavi per applicazione – Auto

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 29

72,2% Auto

Ricavi per applicazione – Auto

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 30

Ricavi per applicazione – Moto

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 31

9,6% Moto

72,2% Auto

Ricavi per applicazione – Moto

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 32

Ricavi per applicazione – Ve.Co.

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 33

9,6% Moto

10,4% Ve.Co.

Ricavi per applicazione – Ve.Co.

72,2% Auto

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 34

Ricavi per applicazione – Racing

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 35

10,4% Ve.Co.

9,6% Moto

72,2% Auto

7,3% Racing

Ricavi per applicazione – Racing

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 36

Agenda

• RISULTATI FY 2014

• MERCATI

• NUOVI INVESTIMENTI

• IL TITOLO BREMBO

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 37

Nuovi investimenti / progetti

€ Million FY 14

Italia 40,3

Polonia 27,7

Rep. Ceca 23,1

USA 15,2

Cina 5,9

Brasile 4,1

Messico 3,2

India 1,7

Argentina 1,4

Altri 0,8

Investimenti netti 123,4

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 38

Nuovi investimenti – Italia

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo/ 27 April 2015 38

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 39

Nuovi investimenti – Italia

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo/ 27 April 2015 39

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 40

Nuovi investimenti – Italia

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo/ 27 April 2015 40

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 41

Nuovi investimenti – Italia Nuovi investimenti – Italia

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo/ 27 April 2015 41

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 42

Nuovi investimenti – Italia

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo/ 27 April 2015 42

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 43

Nuovi investimenti – Italia

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo/ 27 April 2015 43

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 44

Nuovi investimenti – Italia

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo/ 27 April 2015 44

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 45

Nuovi investimenti – Italia

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo/ 27 April 2015 45

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 46

Nuovi investimenti – Italia

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo/ 27 April 2015 46

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Nuovi investimenti – Italia

brembo/ 27 April 2015 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ 47

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 48

Nuovi investimenti – Italia

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo/ 27 April 2015 48

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 49

Nuovi investimenti – Italia

brembo/ 27 April 2015 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ 49

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 50

Nuovi investimenti – Italia

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo/ 27 April 2015 50

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 51

Nuovi investimenti

USA

• Investimento: $ 100 mio

• Tons: 80.000

• S.O.P: 2017

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 52

Nuovi investimenti

Messico

• Investimento: € 32 mio

• Tons: 14.000

• Output: 2.000.000 pinze AL

• S.O.P: 2016

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 53

Agenda

• RISULTATI FY 2014

• MERCATI

• NUOVI INVESTIMENTI

• IL TITOLO BREMBO

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Azionisti Brembo

54

2015 2014

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 55

Maggiori Azionisti

n. azioni

possedute

% su Cap.

Sociale

NUOVA FOURB SRL 35.744.753 53,523%

BREMBO S.P.A (OWN SHARES) 1.747.000 2,616%

GOODMAN INV. COUNSEL LTD (CAN) 1.658.090 2,483%

GAMCO INVESTORS INC. (US) 1.565.000 2,343%

GOVERNMENT OF NORWAY 1.189.815 1,782%

MORGAN STANLEY (UK) 1.081.500 1,619%

CACEIS BANK FRANCE (FR) 988.628 1,480%

MONTANARO (IRL.) 918.824 1,376%

SFF MALTA HOLDING 795.500 1,191%

JP MORGAN FUNDS (LUX) 581.249 0,870%

FCP GROUPAMA (FR) 536.770 0,804%

N. totale azioni in circolazione 66.784.450

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Total Shareholder Return 2014

• Brembo (1.1-31.12.2014) : + 36.6%

• Brembo T.S.R. : + 39.1%

• FTSE MIB (1.1.-31.12.2014) : + 0.4%

• FTSE It.Star (1.1.-31.12.2014) : + 8.5%

56

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 57

Le raccomandazioni degli analisti

• 7 positivi

• 5 neutrali

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Performance Brembo vs. indici (anno 2014)

58

FTSEMIB +0,4%

EURO STOXX TOTAL

MARKET VALUE

SMALL (EUR) INDEX +4,7%

BLOOMBERG EMEA

AUTO PARTS &

EQUIPMENT INDEX -6,0%

B R E M B O +36,6%

+8,5% ITSTAR

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015

Performance Brembo vs. indici (gennaio/aprile 2015)

59

+15,3% BLOOMBERG EMEA

AUTO PARTS &

EQUIPMENT INDEX

+18,6% EURO STOXX TOTAL

MARKET VALUE

SMALL (EUR) INDEX

+22,0% FTSEMIB

+34,9% B R E M B O

+34,4% ITSTAR

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 61

20 anni di quotazione

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 62

20

x11,3 anni di quotazione

il valore del titolo

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 63

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 64

32

x8,2 età media collaboratori

numero delle nostre persone

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"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 66

87 % ricavi realizzati all’estero

incremento fatturato

x11

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"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 68

1.800

x8 brevetti depositati nel mondo

numero dischi venduti ogni anno

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 69

"Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection with I.P.R. as well as copying and passing on to third parties“ brembo / 23 Aprile 2015 70

19

x10 insediamenti produttivi nel mondo

incremento investimenti annui

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20 anni di quotazione Dividendi serie storica