Michelin

1. Content• Michelin ?

• Products and services• Management team

• Financial results• Sales • Operating income• Net sales per segment• Operating income per segment• Rating (S&P)

• Conclusion• Sources

2. Michelin ?

Products and services offered by Michelin• Tires• Michelin Guide France• Lifestyle products• Maps and guides

Management team• Michel Rollier

• Jean-Dominique Senard

3. Financial results

Sales

17891

20719

0

4000

8000

12000

16000

20000

Net sales

Tonn

ages

sol

d

2010

2011

Comparing 2010 - 2011

1695

1049 1100

1945

1462

1711

0

300

600

900

1200

1500

1800

OperatingIncome

Net Income Investments

In €

mill

ions

2010

2011

Net sales per segment (2010 – 2011)

Passenger car and light truck

tires

Truck tires Specialty business

Group Michelin0

4000

8000

12000

16000

20000

24000

9790

5680

2421

17891

10780

6718

3221

20719

20102011

Tonn

ages

sold

Operating income per segment (2010 – 2011)

Tonn

ages

sol

d

Passenger car and light truck

tires

Truck tires Specialty business

Group Michelin0

400

800

1200

1600

2000

2400

1014

249

432

1695

1018

233

694

1945

20102011

Standard and poor’s upgrade

BBB

BBB +

4. Conclusion

5. Sources• http://www.michelin.com/corporate/finance/documents • http://www.michelin.com/corporate/products • http://www.michelin.com/corporate/EN/finance/results-ratios • http://www.michelin.com/corporate/EN/finance/facts-figures • http://www.michelin.com/corporate/EN/group

Thanks for your attention

Davy Sergeant2 BAF 3