Caltagirone S.p.a. · MIL:CALT

Caltagirone — FY2005 Earnings Presentation

10 slides from Caltagirone's earnings presentation, May 2006

1. Slide 1: CALTAGIRONE SpA 2005 Annual Results

   CALTAGIRONE SpA 2005 Annual Results May 2006

2. Slide 2: Legal Disclaimer

   LEGAL DISCLAIMER This document has been prepared by Vianini Lavori S.p.A. for information purposes only and it is not intended as an offer or solicitation of an offer to purchase or sell any financial instrument. Any forward-looking statement on Group performance has not been independently verified

3. Slide 3: Agenda

   AGENDA „ THE CALTAGIRONE SPA GROUP „ CONTROLLED COMPANIES „ CEMENT „ MEDIA „ CONSTRUCTION „ CEMENT WORKS „ MAIN FINANCIAL HIGHLIGHTS: FY 2005 3

4. Slide 4: The Caltagirone SpA Group

   THE CALTAGIRONE SPA GROUP ¾ The Caltagirone SpA Group is a family-controlled industrial concern with aggregated sales over €1.3 bn (2005) ¾The Group holds financial investments in several quoted companies Finanziaria Italia 2005 S.p.A. 5.3% 50.4% Mkt cap: cap: € 980 m (a) 62.1% 54.2% (b) 34.5% (c) 3

5. Slide 5: Controlled Companies: Cement

   CONTROLLED COMPANIES: CEMENT ¾ Market Capitalization: € 1071m* ¾ Sales 2005: € 857.4m ¾ EBITDA 2005: € 184.4m ¾ Group Net Profit 2005: € 109.4m ¾ Cement capacity: over 12m tons/pa ¾ Rmc Sales: over 3.8 m cubic meters ¾ Direct/indirect stake: 34.5% ¾ Cementir Group is a vertically integrated Pan-Euro

6. Slide 6: Controlled Companies: Media

   CONTROLLED COMPANIES: MEDIA ¾ Market cap: € 920m (1) ¾ Sales 2005: € 277.6m ¾ EBITDA 2005: € 62.7m ¾ Group Net Profit 2005: € 94.3m ¾ Direct/indirect stake: 35.6% Caltagirone Editore S.p.A. is the 4th Italian publishing Group in terms of EBIT with over 49% market share (avg. daily readers) in the Ma

7. Slide 7: Controlled Companies: Construction

   CONTROLLED COMPANIES: CONSTRUCTION ¾ Market Capitalization: € 455 m* ¾ Sales 2005: € 176.4 m ¾ EBITDA 2005: € 20.4 m ¾ Group Net Profit 2005: € 47.5 m ¾ Direct/indirect stake: 54.3% ¾ From 1890 Vianini Lavori operates worldwide in the civil engineering and infrastructure sectors ¾ The Group has deve

8. Slide 8: Controlled Companies: Cement Works

   CONTROLLED COMPANIES: CEMENT WORKS ¾ Market Capitalization: € 99 m* ¾ Sales 2005: € 10.6 m ¾ EBITDA 2005: € -1.4 m ¾ Group Net Profit 2005: € 1.5 m ¾ Direct/indirect stake: 62.1% ¾ Vianini Industria operates in the water and railway infrastructure business and has exclusive pre-cast concrete patents

9. Slide 9: Main Financial Highlights: FY 2005

   MAIN FINANCIAL HIGHLIGHTS: FY 2005 EURO (000) 2005 2004 ∆% REVENUES 1.337.522 914.326 46.3 RAW MATERIALS (376.318) (202.871) 85.5 LABOUR (215.523) (143.056) 50.7 OTHER COSTS (481.138) (382.223) 25.9 TOTAL OPERATING COSTS (1.072.979) (728.150) 47.4 EBITDA 264.543 186.176 42.1 EBITDA MARGIN 19.78% 20.

10. Slide 10: For Further Information: Investor Relations

    FOR FURTHER INFORMATION INVESTOR RELATIONS Tel. +39 06 45412213 Fax +39 06 45412288 Email: invrel@caltanet.it 10

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