Brembo N.v. · MIL:BRE
Brembo — Shareholder Meeting (April 2019)
33 slides from Brembo's shareholder meeting presentation, Apr 18, 2019
Slide 1: Assemblea degli Azionisti
Assemblea degli Azionisti Stezzano, 18 Aprile 2019 "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” 18/04/2019
Slide 2: Agenda
Agenda RISULTATI FY 2018 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” 18/04/2019 2
Slide 3: Risultati FY 2018
Risultati FY 2018 Sintesi del Conto Economico Consolidato Milioni di € FY 18 % sales FY 17 % sales % 18/17 Ricavi 2,640,0 100,0% 2.463,6 100,0% 7,2% EBITDA 500,9 19,0% 480,0 19,5% 4,4% Ammortamenti (155,8) 5,9% (133,7) 5,4% 16,5% EBIT 345,1 13,1% 346,3 14,1% -0,3% Proventi (oneri) finanziari e da (1
Slide 4: Ricavi FY 2018
Ricavi FY 2018 (Analisi variazione ricavi - Milioni di €) 2.640,0 +14,0 2.463,6 -60,6 +223,0 "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” 18/04/2019
Slide 5: Ricavi 2018 per applicazione
Ricavi 2018 per applicazione € Mio +6,7% +9,7% +12,8% -2,1% "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” 18/04/2019 5
Slide 6: Ricavi 2018 per area geografica
Ricavi 2018 per area geografica Italia 10,6% N/America 24,5% Germania 22,5% Sud America 2,2% Altri Asia 2,0% Giappone 1,2% Cina 11,5% Francia 3,7% UK 7,8% India 3,2% Altri UE 10,8% "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also
Slide 7: Ricavi 2018 per area geografica
Ricavi 2018 per area geografica Americhe 26,7% Europa 55,4% Asia 17,9% "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” 18/04/2019 7
Slide 8: Risultati FY 2018
Risultati FY 2018 Sintesi del Conto Economico Consolidato Milioni di € FY 18 % sales FY 17 % sales % 18/17 Ricavi 2,640,0 100,0% 2.463,6 100,0% 7,2% EBITDA 500,9 19,0% 480,0 19,5% 4,4% Ammortamenti (155,8) 5,9% (133,7) 5,4% 16,5% EBIT 345,1 13,1% 346,3 14,1% -0,3% Proventi (oneri) finanziari e da (1
Slide 9: EBITDA FY 2018
EBITDA FY 2018 (€ Mio) +5,7 500,9 480,0 -50,7 -7,6 +73,5 EBITDA 2017 VOL/MIX PREZZI OPERA- CAMBI EBITDA 2018 TIONS "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 thi
Slide 10: Posizione Finanziaria Netta
Posizione Finanziaria Netta (€ Mio) 18,8 97,0 218,6 285,6 71,5 136,9 53,7 500,9 INDEB. INDEB. EBITDA INV.NETTI CAP.CIRC.. DIVID. O.F.&TAX ALTRE VAR. 31.12.17 31.12.18 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disposal, under the protection of the law, also in connection
Slide 11: Composizione Indebitamento
Composizione Indebitamento Milioni di € 31.12.2018 31.12.2017 ∆ 18/17 Attività finanziarie correnti 345,4 301,1 44,3 Passività finanziarie correnti 274,9 198,1 76,8 Indebitamento fin. netto a breve (70,5) (103,1) 32,5 Attività finanziarie a M/L 0,0 0,0 0,0 Passività finanziarie a M/L 207,4 321,7 (11
Slide 12: Struttura del Debito
Struttura del Debito Al 31.12.2018 151,5% LONG TERM SHORT TERM - 51,5% "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” 18/04/2019 12
Slide 13: Principali Indicatori
Principali Indicatori Milioni di € 31.12.2018 31.12.2017 31.12.2016 ROI 24,8% 26,4% 29,5% ROE 19,7% 25,2% 27,5% Indebitamento/Patrimonio netto 11,1% 20,5% 22,2% Indebitamento/EBITDA 0,3 0,5 0,4 EBITDA/Oneri finanziari netti(*) 36,5 51,5 44,9 EBIT/Oneri finanziari netti(*) 25,1 37,2 33,1 Oneri finanz
Slide 14: Agenda
Agenda RISULTATI FY 2018 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” 18/04/2019 14
Slide 15: Ricavi per area geografica: Europa
Ricavi per area geografica (€ Mio) +8,3% 1.466,1 +7,2% 1.353,4 1.262,5 2016 2017 2018 EUROPA "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” 18/04/2019
Slide 16: Ricavi per area geografica: Nord America
Ricavi per area geografica (€ Mio) +8,2% + 9,1% like-for- +3,9% -2,5% like 645,2 637,5 621,3 2016 2017 2018 NORDAMERICA "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 t
Slide 17: Ricavi per area geografica: Sud America
Ricavi per area geografica (€ Mio) + 9,1% +16,8% +17,6% -11,4% like-for- like 65,9 58,4 56,0 2016 2017 2018 S/AMERICA "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
Slide 18: Ricavi per area geografica: Asia
Ricavi per area geografica (€ Mio) + 9,1% +14,8% like-for- +11,2% like 470,3 +30,9% 423,1 323,1 2016 2017 2018 ASIA "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 th
Slide 19: Ricavi per applicazione: Auto
Ricavi per applicazione: Auto Auto 76,5% "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” 18/04/2019 19
Slide 20: Ricavi per applicazione: Moto
Ricavi per applicazione: Moto Auto 76,5% Moto 9,4% "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” 18/04/2019 20
Slide 21: Ricavi per applicazione: Ve.Co.
Ricavi per applicazione: Ve.Co. Ve.Co. 9,7% Auto 76,5% Moto 9,4% "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” 18/04/2019 20/04/2017 21
Slide 22: Ricavi per applicazione: Racing
Ricavi per applicazione: Racing Racing 4,4% Ve.Co. 9,7% Auto 76,5% Moto 9,4% "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” 18/04/2019 20/04/2017 22
Slide 23: Agenda
Agenda RISULTATI FY 2018 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” 18/04/2019 23
Slide 24: Nuovi investimenti
Nuovi investimenti Milioni di € FY 18 FY 17 Italia 85,7 84,7 Polonia 79,2 87,5 Cina 43,4 74,6 Messico 41,8 73,6 Stati Uniti 13,3 16,8 India 10,0 2,3 Repubblica Ceca 9,9 15,3 Altri Paesi 2,3 1,4 Investimenti netti 285,6 356,2 "Strictly Confidential. © Brembo S.p.A. reserves all rights of use and disp
Slide 25: Nuovi investimenti: Cina
Nuovi investimenti: Cina Investimento: € 100 mio Tons: 15.000 Output: 2 mio pz 38.000 mq S.O.P: 2018 "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” 18
Slide 26: Nuovi investimenti: R&D Centre - Italia
Nuovi investimenti: R&D Centre - Italia Investimento: > € 20 mio S.O.P: 2018 "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” 18/04/2019 26
Slide 27: Nuovi investimenti: Carbon Factory - Italia
Nuovi investimenti: Carbon Factory - Italia Investimento: > € 7 mio S.O.P: 2019 "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” 18/04/2019 27
Slide 28: Agenda
Agenda RISULTATI FY 2018 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” 18/04/2019 28
Slide 29: Azionisti Brembo
Azionisti Brembo 2018 2019 Brembo az. Proprie Brembo az. Proprie Azionisti Italiani 2,6% Azionisti Italiani 2,6% 12,5% 16,6% Nuova FourB Nuova FourB Azionisti internazionali 53,5% 53,5% 31,3% Azionisti internazionali 27,3% Totale azionisti n. 32.478 "Strictly Confidential. © Brembo S.p.A. reserves a
Slide 30: Maggiori Azionisti
Maggiori Azionisti (Al 17.04.2019) n. azioni % su Cap. possedute Sociale NUOVA FOURB SRL 178.723.765 53,523% BREMBO S.P.A (AZ.PROPRIE) 8.735.000 2,616% COLUMBIA INT’L (USA) 5.509.337 1,650% CACEIS BANK FRANCE 4.794.652 1,490% GOVERNMENT OF NORWAY 3.486.511 1,044% STICHTING BEWAARDER JUNO (NL) 2.100.
Slide 31: Performance
Performance Brembo vs. indici (anno 2018) STOXX EUROPE 600 -13,2% FTSEMIB -16,2% Brembo -29,8% BLOOMBERG EU AUTO PARTS -33,9% "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 passin
Slide 32: Performance
Performance Brembo vs. indici (gennaio/aprile 2019) Brembo +31,9% BLOOMBERG EU AUTO PARTS +27,3% FTSEMIB +19,6% STOXX EUROPE 600 +15,8% "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
Slide 33: Assemblea degli Azionisti
Assemblea degli Azionisti Stezzano, 18 Aprile 2019 "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” 18/04/2019