Brembo N.v. · MIL:BRE
Brembo — H1 2010 Earnings Presentation
16 slides from Brembo's earnings presentation, Aug 4, 2010
Slide 1: 1H 2010 Results
"Strictly Confiden ntial. © Brembo S.p.A.. reserves all rights of u use and disposal. under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" R lt 1H 2010 Results BREMBO 4 August 2010 – 1H 2010 Result presentation 4 August 2010 Conferenc
Slide 2: First-half 2010 results (Summary of Consolidated Income Statement)
First-half 2010 results (S (Summary off Consolidated C lid t d Income I St t Statement) t) under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" € Million 1H 10 % sales % 10/09 2Q 10 % 10/09 1Q 10 % 10/09 Sales 531.6 287.5 244.0 use an
Slide 3: Sales 1H 2010 up 31.5%. Positive vol/mix. Like-for-like +29.3%
Sales 1H 2010 up 31.5%. Positive vol/mix. Like-for-like + 29.3% (S l variance (Sales i analysis l i – € Million) Milli ) under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" New Chinese Foundry use and disposal. Raw materials ntial. ©
Slide 4: Sales 1H 2010: all sectors bettering, except Racing and Passive Safety
Sales 1H 2010: all sectors bettering, except for Racing and Pass. Safety, which though are recovering in Q2 (€ Million) Milli ) under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" +42.3% yoy 2Q 10 1Q 10 ntial. © Brembo S.p.A.. reserv
Slide 5: Sales 1H 2010: overall bettering, except for Japan
Sales 1H 2010: overall bettering, except for Japan, though recovering in Q2 (€ Million) Milli ) 2Q 10 1Q 10 under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" +3.7% +40.3% yoy yoy +49% 49% yoy +31.8% use and disposal. yoy 64.4 56 8
Slide 6: 1H 2010 results (Summary of Consolidated Income Statement)
1H 2010 results (S (Summary off Consolidated C lid t d Income I St t Statement) t) under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" € Million 1H 10 % sales % 10/09 2Q 10 % 10/09 1Q 10 % 10/09 Sales 531.6 287.5 244.0 use and dispos
Slide 7: EBITDA bridge 1H 2009 to 1H 2010
"Strictly Confiden ntial. © Brembo S.p.A.. reserves all rights of u use and disposal. under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" 48.2 (€ Million) EBITDA H1 09 31.1 VOL/MIX EBITDA 1H 2010 75 -7,5 PRICES Raw materials 0 -0,5 O
Slide 8: 1H 2010 results (Summary of Consolidated Income Statement)
1H 2010 results (S (Summary off Consolidated C lid t d Income I St t Statement) t) under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" € Million 1H 10 % sales % 10/09 2Q 10 % 10/09 1Q 10 % 10/09 Sales 531.6 287.5 244.0 use and dispos
Slide 9: Decrease in net financial charges resulted from reduction of average net debt
Decrease in net financial charges resulted from reduction of average net debt and interest rates applied (S (Summary off Consolidated C lid t d Income I St t Statement) t) under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" Milioni d
Slide 10: Tax rate
"Strictly Confiden ntial. © Brembo S.p.A.. reserves all rights of u use and disposal. under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" Tax rate Tax rate € Million Pre-tax profit Total taxes Current taxes Deferred taxes 4 August 20
Slide 11: Net debt evolution
"Strictly Confiden ntial. © Brembo S.p.A.. reserves all rights of u use and disposal. under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" (€ Million) Milli ) 31.12.09 255.0 NET DEBT 67.9 EBITDA Net debt at 30.6.2010 24.3 INVESTMENTS
Slide 12: Cash flow
under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" Cash flow € Million 1H 10 1H 09 EBITDA 67.9 48.2 use and disposal. Investments ((24.3)) ((24.0)) ntial. © Brembo S.p.A.. reserves all rights of u Net working capital (28.3) 42.2 Fre
Slide 13: Debt structure
Debt structure as of 31.3.2010 € Million 30.06.2010 31.12.2009 10/09 under the protection of the law. also in connection with I.P.R.. as well as copying and passing on to third parties" Current financial assets 71.2 64.7 6.5 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disp
Slide 14: The Group balance sheet maintains a sound financial profile
under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" The Group balance sheet maintains a sound financial profile € Million 30.06.2010 31.12.2009 31.12.2008 Investments 33.8 47.5 149.4 use and disposal. Net invested capital 601.9 568.4
Slide 15: Main ratios
under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" Main ratios € Million 30.06.2010 31.12.2009 31.12.2008 ROI 10.7% 4.0% 11.5% use and disposal. ROE 11.9% 3.3% 12.4% ntial. © Brembo S.p.A.. reserves all rights of u Gearing 86.1% 87.
Slide 16: Declaration of the manager in charge of financial reports
under the protection of the law. allso in connection with II.P.R.. as well as copying and passing on to third parties" ntial. © Brembo S.p.A.. reserves all rights of u use and disposal. The manager in charge of the Company’s financial reports. Matteo Tiraboschi, declares pursuant to paragraph 2 of A