Slide 1: September, 2001
September, 2001
Slide 2: 1H 2001 Results Roadshow
1H 2001 RESULTS ROADSHOW London Edinburgh September, 2001
Slide 3: What Innovation means to Brembo
1H RESULTS ROADSHOW What INNOVATION means to Brembo September, 2001
Slide 4: Innovation leads to growth
1H RESULTS ROADSHOW INNOVATION LEADS TO GROWTH September, 2001
Slide 5: Innovation leads to growth
1H RESULTS ROADSHOW INNOVATION LEADS TO GROWTH: • > 250 new designs every year • 6.8% of revenues invested in R&D • 10% of associates active in R&D • 5 year time frame for complete renewal of the range of products • 6 different Business Units, each leading its own segment September, 2001
Slide 6: Racing: a source of innovation
1H RESULTS ROADSHOW RACING: A SOURCE OF INNOVATION • > 40% of solutions first applied in racing later moved to road-going applications • > 180 world championships won in every category of motorsport • 100% of F1 teams using Group’s products • > 50 top teams and drivers, the most exacting and innovat
Slide 7: Turning strategy into numbers: benchmark
1H RESULTS ROADSHOW TURNING STRATEGY INTO NUMBERS: BENCHMARK September, 2001
Slide 8: Turning strategy into numbers: benchmark
1H RESULTS ROADSHOW TURNING STRATEGY INTO NUMBERS: BENCHMARK • + 60% EBIT MARGIN • + 50% EBIT/ROIC • + 400% SALES Relative to European components, 2002E data Source: UBS Warburg 5 years actual and estimates September, 2001
Slide 9: Innovation leads to excellence
1H RESULTS ROADSHOW INNOVATION LEADS TO EXCELLENCE September, 2001
Slide 10: Global Excellence in Operations Worldwide Award
1H RESULTS ROADSHOW Global Excellence in Operations Worldwide Award May, 2001 September, 2001
Slide 11: Ferrari Innovation Prize award
1H RESULTS ROADSHOW d i um ri P o rd Fe r r a A w a a t io n n n o v 0 0 1 I n e , 2 J u September, 2001
Slide 12: Eurostar
1H RESULTS ROADSHOW Eurostar August, 2001 September, 2001
Slide 13: 1H RESULTS ROADSHOW
1H RESULTS ROADSHOW September, 2001
Slide 14: Innovation leads to top-end margins
1H RESULTS ROADSHOW INNOVATION LEADS TO TOP-END MARGINS September, 2001
Slide 15: 1H 2001 results vs 1H 2000
1H RESULTS ROADSHOW €m ∆ 1H/00 Revenues 280.44 + 21.1 % Ebitda 49.68 + 14.2 % Ebit ex goodw. 32.76 + 9.3 % Ebit 29.02 + 0.5 % Pretax 23.81 - 6.1 % Net profit 13.50 + 7.5 % September, 2001
Slide 16: Investments, gearing and cash flow
1H RESULTS ROADSHOW 1H 2001 1H 2000 Investm./Sales 13.6 % 12.8 % Gearing 91.2 % 90.4 % (1Q/01) Cash-flow (€ mn) 34.15 27.17 Net fin.costs/Sales 1.9 % 1.6 % September, 2001
Slide 17: Gross revenues 1H 2001 by segment
1H RESULTS ROADSHOW Gross Revenues 1H 2001 Pass.car + 15.8% Motorcycle + 18.1% Comm.veh. + 6.0% Racing +137.4% September, 2001
Slide 18: Good revenues growth despite tough scenario
1H RESULTS ROADSHOW Good revenues growth in spite of a tough scenario not fully subject to the automotive economic cycle September, 2001
Slide 19: Lower growth of EBIT margin driven by long-term strategy
1H RESULTS ROADSHOW Lower growth of EBIT margin largely determined by Brembo’s long-term strategy September, 2001
Slide 20: Significant growth of personnel costs
1H RESULTS ROADSHOW Significant growth of personnel costs ‘Springboard effect’ September, 2001
Slide 21: EBITDA margin bridge 1H 2000 to 1H 2001
1H RESULTS ROADSHOW R&D (0.6) 18.8 % Raw material (0.3) 17.7 % Start-up costs (0.2) EBITDA % EBITDA % 2000 (1H) 2001 (1H) September, 2001
Slide 22: Outlook on FY
1H RESULTS ROADSHOW Outlook on FY September, 2001
Slide 23: Thanks for your attention
1H RESULTS ROADSHOW Thanks for your attention September, 2001
Slide 24: September, 2001
September, 2001