Slide 1: Piaggio Group Full Year 2009 Financial Results
Piaggio Group Full Year 2009 Financial Results Conference Call Milan, February 26th, 2010 1
Slide 2: Disclaimer
Disclaimer THESE SLIDES HAVE BEEN PREPARED BY THE COMPANY SOLELY FOR THE USE AT THE ANALYST CONFERENCE CALL ON PIAGGIO FULL YEAR 2009 CONSOLIDATED RESULTS. THE INFORMATION CONTAINED HEREIN HAS NOT BEEN INDEPENDENTLY VERIFIED. NONE OF THE COMPANY OR REPRESENTATIVES SHALL HAVE ANY LIABILITY WHATSOEVER
Slide 3: Financial Statement
Financial Statement Year ’09 vs Year ’08 (mln €, %) 3
Slide 4: Key Figures
Key Figures Year ’09 vs Year ’08 (mln €, %) Net Sales EBITDA % on sales 12,0% 12,0% 13,5% 13,5% 1.570,1 1.486,9 200,8 189,1 -5,3% +6,2% 2008 2009 2008 2009 Net Income Net Financial Position % on sales 2,8% 2,8% 3,2% 3,2% 47,4 43,3 (359,7) (352,0) +9,4% 2008 2009 2008 2009 4
Slide 5: Net Sales trend (by Business Unit, by Business)
Net Sales trend (by Business Unit, by Business) Year ’09 vs Year ’08 (mln €, %) 1.570,1 1.570,1 -5,3% -5,3% 1.486,9 1.486,9 Other 21,2 n.s. CV India 244,0 Acc.& S.Parts 190,3 4,2 17,5% 286,8 -4,3% 182,1 CV Europe 145,4 CV India 229,0 45,2 -7,4% 17,9% 2w Asia 134,7 270,0 2w Americas 93,5 85,9% CV Eur
Slide 6: Volumes trend (by Business Unit, by Business)
Volumes trend (by Business Unit, by Business) Year ’09 vs Year ’08 (’000 sell-in units, %) 648,6 -6,3% 648,6 -6,3% 607,7 607,7 Other 2,3 n.a. CV India 158,9 CV India 158,9 14,3% 14,3% 181,7 181,7 CV Europe 19,2 CV Europe 19,2 2w Asia 22,8 -18,4% -18,4% 31,0 62,6 2w Americas 61,8% 15,7 Moto -34,1% 15
Slide 7: EBITDA Evolution
EBITDA Evolution Year ’09 vs Year ’08 (mln €, %) 13,0 (1,3) 200,8 189,1 13,5% 12,0% Δ Gross Δ Cash 2008 2009 Margin Opex 7
Slide 8: Net Income Evolution
Net Income Evolution Year ’09 vs Year ’08 (mln €, %) 47,4 43,3 9,9 4,6 (10,4) 3,2% 2,8% Δ Ebit Δ Financial 2008 Δ Tax 2009 Expenses 8
Slide 9: Group Balance Sheet
Group Balance Sheet Year ’09 vs Year ’08 (mln €, %) 9
Slide 10: Group Cash Flow and NFP Evolution
Group Cash Flow and NFP Evolution Year End ’09 vs Year End ’08 (mln €) (359,7) 140,0 (20,9) (93,8) 4,2 (21,8) (352,0) NFP Operating Δ Working Capex Disinvest. Δ Equity NFP YE ‘08 Cash Flow Capital and others YE ‘09 10