BREMBOmore than brakes · Sport VW Touareg Renault Sport Alfa 159 Alfa Brera ... • Ramp-up until...

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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 more than brakes

Transcript of BREMBOmore than brakes · Sport VW Touareg Renault Sport Alfa 159 Alfa Brera ... • Ramp-up until...

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BREMBOmore than brakes

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Milano, 1st March 2006

Brembo at a glance

Sustainable growth

Preliminary FY 2005 results

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Milano, 1st March 2006

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

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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

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Milano, 1st March 2006

Brembo at a glance

Sustainable growth

Preliminary FY 2005 results

"Str

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Milano, 1st March 2006

Sustainable growth

• Increasing importance of Original Equipment vs. After Market

• Growing with the right partner

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Milano, 1st March 2006

Sustainable growth – Passenger carsRange RoverSport

VW Touareg

Renault Sport

Alfa 159

Alfa Brera

Audi Q7

Jeep Gran CherokeeSRT8

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Milano, 1st March 2006

Sustainable growth – Comm. vehicles

Workhorse Motorhome

Mitsubishi Canter

MercedesVito

Mercedes Sprinter

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Milano, 1st March 2006

Sustainable growth – Motorcycles

Harley D. - Night Rod

Harley D. - Street Rod

Harley D. - V Rod

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Milano, 1st March 2006

Sustainable growth – Racing

Nascar

Ferrari Challenge

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Milano, 1st March 2006

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

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Milano, 1st March 2006

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

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Milano, 1st March 2006

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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Milano, 1st March 2006

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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Sustainable growth – M & A

Looking for :

• New compentencies and know-how

• Economies of scale

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Brembo at a glance

Sustainable growth

Preliminary FY 2005 results

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Milano, 1st March 2006

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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Milano, 1st March 2006

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

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IX

INDUSTRIA

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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

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INDUSTRIAL P

LAN

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05

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Milano, 1st March 2006

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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Milano, 1st March 2006

142.7

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6.431.1

20.612.0

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harges Tax

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Cash-flow FY 2005

€ millions

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